Document:

Published
CUSIP Number: 42227BAA2

Revolver
CUSIP Number: 42227BAB0

Term
A-1 Loan CUSIP Number: 42227BAC8

 

CREDIT
AGREEMENT

 

Dated
as of June 5, 2019

 

among

 

HEALTH
PLAN INTERMEDIARIES HOLDINGS, LLC,

 

as
the Borrower,

 

HEALTH
INSURANCE INNOVATIONS, INC.,

 

as
the Parent,

 

THE
SUBSIDIARIES OF THE PARENT IDENTIFIED HEREIN,

 

as
the Guarantors,

 

BANK
OF AMERICA, N.A.,

 

as
Administrative Agent, Swingline Lender and L/C Issuer,

 

SUNTRUST
BANK,

 

as
Syndication Agent,

 

ROYAL
BANK OF CANADA,

 

as
Co-Documentation Agent,

 

and

 

THE
OTHER LENDERS PARTY HERETO

 

Arranged
By:

 

BofA
SECURITIES, INC.

 

and

 

SUNTRUST
ROBINSON HUMPHREY, INC.,

 

as
Joint Lead Arrangers and Joint Bookrunners

 

    	 

    	 

    

 

TABLE
OF CONTENTS

 

	 	 	 	Page
	 	 	 	 
	ARTICLE I. DEFINITIONS AND ACCOUNTING TERMS	1
	 	 
	 	1.01	Defined
    Terms	32
	 	1.02	Other
    Interpretive Provisions	33
	 	1.03	Accounting
    Terms	33
	 	1.04	Rounding	34
	 	1.05	Times
    of Day; Rates	34
	 	1.06	Letter
    of Credit Amounts	34
	 	1.07	Rules
    of Interpretation with Respect to the Insurance Subsidiaries	35
	 	1.08	Limited
    Condition Acquisitions	35
	 	 	 	 
	ARTICLE II. THE COMMITMENTS AND CREDIT EXTENSIONS	36
	 	 
	 	2.01	Revolving
    Loans and Term Loans	36
	 	2.02	Borrowings,
    Conversions and Continuations of Loans	36
	 	2.03	Letters
    of Credit	38
	 	2.04	Swingline
    Loans	46
	 	2.05	Prepayments	49
	 	2.06	Termination
    or Reduction of Aggregate Revolving Commitments	50
	 	2.07	Repayment
    of Loans	51
	 	2.08	Interest	52
	 	2.09	Fees	52
	 	2.10	Computation
    of Interest and Fees; Retroactive Adjustments of Applicable Rate	53
	 	2.11	Evidence
    of Debt	54
	 	2.12	Payments
    Generally; Administrative Agent’s Clawback	54
	 	2.13	Sharing
    of Payments by Lenders	56
	 	2.14	Cash
    Collateral	56
	 	2.15	Defaulting
    Lenders	57
	 	2.16	Incremental
    Facility Loans	60
	 	 	 	 
	ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY	62
	 	 
	 	3.01	Taxes	62
	 	3.02	Illegality	67
	 	3.03	Inability
    to Determine Rates	67
	 	3.04	Increased
    Costs; Reserves on Eurodollar Rate Loans	69
	 	3.05	Compensation
    for Losses	71
	 	3.06	Mitigation
    Obligations; Replacement of Lenders	71
	 	3.07	Survival	72
	 	 	 	 
	ARTICLE IV. CONDITIONS PRECEDENT TO CREDIT EXTENSIONS	72
	 	 
	 	4.01	Conditions
    of Initial Credit Extension	72
	 	4.02	Conditions
    to all Credit Extensions	74
	 	 	 	 
	ARTICLE V. REPRESENTATIONS AND WARRANTIES	75
	 	 
	 	5.01	Existence;
    Power	75
	 	5.02	Organizational
    Power; Authority	75
	 	5.03	Governmental
    Approvals; No Conflicts	75
	 	5.04	Financial
    Statements	75
	 	5.05	Litigation
    and Environmental Matters	76

 

    	i

    	 

    

 

	 	5.06	Compliance
    with Laws	76
	 	5.07	No
    Default	77
	 	5.08	Investment
    Company Act, Etc	77
	 	5.09	Taxes	77
	 	5.10	Margin
    Regulations	78
	 	5.11	ERISA	78
	 	5.12	Ownership
    of Property and Insurance	78
	 	5.13	Disclosure	79
	 	5.14	Labor
    Relations	79
	 	5.15	Subsidiaries	79
	 	5.16	Solvency	79
	 	5.17	Business
    Locations; Taxpayer Identification Number	80
	 	5.18	Anti-Corruption
    Laws and Sanctions	80
	 	5.19	Perfection
    of Security Interests in the Collateral	80
	 	5.20	Insurance
    Licenses	80
	 	5.21	No
    EEA Financial Institution or Covered Entity	81
	 	 	 	 
	ARTICLE VI. AFFIRMATIVE COVENANTS	81
	 	 
	 	6.01	Financial
    Statements and Other Information	81
	 	6.02	Notices
    of Material Events	83
	 	6.03	Existence;
    Conduct of Business	84
	 	6.04	Compliance
    with Laws, Etc	85
	 	6.05	Payment
    of Obligations	85
	 	6.06	Books
    and Records	85
	 	6.07	Visitation,
    Inspection, Etc	85
	 	6.08	Maintenance
    of Properties; Insurance	86
	 	6.09	Use
    of Proceeds	86
	 	6.10	Additional
    Subsidiaries	86
	 	6.11	Further
    Assurances	87
	 	6.12	Depository
    Relationship	87
	 	6.13	Anti-Corruption
    Laws	88
	 	 	 	 
	ARTICLE VII. NEGATIVE COVENANTS	88
	 	 
	 	7.01	Indebtedness
    and Preferred Equity	88
	 	7.02	Negative
    Pledge	89
	 	7.03	Fundamental
    Changes	89
	 	7.04	Investments,
    Loans, Etc	90
	 	7.05	Restricted
    Payments	91
	 	7.06	Sale
    of Assets	91
	 	7.07	Transactions
    with Affiliates	91
	 	7.08	Restrictive
    Agreements	92
	 	7.09	Sale
    and Leaseback Transactions	92
	 	7.10	Hedging
    Transactions	92
	 	7.11	Legal
    Name, State of Formation and Form of Entity	92
	 	7.12	Amendment
    to Material Documents	92
	 	7.13	Accounting
    Changes	93
	 	7.14	Government
    Regulation	93
	 	7.15	Ownership
    of Subsidiaries	93
	 	7.16	Use
    of Proceeds	93
	 	7.17	Restrictions
    on the Parent	93
	 	7.18	Government
    Receivables	94

 

    	ii

    	 

    

 

	 	7.19	Healthcare	94
	 	7.20	Financial
    Covenants	94
	 	 	 	 
	ARTICLE VIII. EVENTS OF DEFAULT AND REMEDIES	94
	 	 
	 	8.01	Events
    of Default	94
	 	8.02	Remedies
    Upon Event of Default	97
	 	8.03	Application
    of Funds	97
	 	 	 	 
	ARTICLE IX. ADMINISTRATIVE AGENT	99
	 	 	 
	 	9.01	Appointment
    and Authority	99
	 	9.02	Rights
    as a Lender	99
	 	9.03	Exculpatory
    Provisions	100
	 	9.04	Reliance
    by Administrative Agent	100
	 	9.05	Delegation
    of Duties	101
	 	9.06	Resignation
    of Administrative Agent	101
	 	9.07	Non-Reliance
    on Administrative Agent and Other Lenders	103
	 	9.08	No
    Other Duties; Etc	103
	 	9.09	Administrative
    Agent May File Proofs of Claim; Credit Bidding	103
	 	9.10	Collateral
    and Guaranty Matters	104
	 	9.11	Secured
    Cash Management Agreements and Secured Hedge Agreements	105
	 	9.12	ERISA
    Matters	105
	 	 	 	 
	ARTICLE X. GUARANTY	106
	 	 
	 	10.01	The
    Guaranty	106
	 	10.02	Obligations
    Unconditional	107
	 	10.03	Reinstatement	108
	 	10.04	Certain
    Additional Waivers	108
	 	10.05	Remedies	108
	 	10.06	Rights
    of Contribution	108
	 	10.07	Guarantee
    of Payment; Continuing Guarantee	109
	 	10.08	Keepwell	109
	 	 	 	 
	ARTICLE XI. MISCELLANEOUS	109
	 	 
	 	11.01	Amendments,
    Etc	109
	 	11.02	Notices;
    Effectiveness; Electronic Communications	112
	 	11.03	No
    Waiver; Cumulative Remedies; Enforcement	114
	 	11.04	Expenses;
    Indemnity; Damage Waiver	114
	 	11.05	Payments
    Set Aside	116
	 	11.06	Successors
    and Assigns	116
	 	11.07	Treatment
    of Certain Information; Confidentiality	121
	 	11.08	Rights
    of Setoff	122
	 	11.09	Interest
    Rate Limitation	122
	 	11.10	Counterparts;
    Integration; Effectiveness	123
	 	11.11	Survival
    of Representations and Warranties	123
	 	11.12	Severability	123
	 	11.13	Replacement
    of Lenders	124
	 	11.14	Governing
    Law; Jurisdiction; Etc	124
	 	11.15	Waiver
    of Jury Trial	125
	 	11.16	No
    Advisory or Fiduciary Responsibility	126
	 	11.17	Electronic
    Execution of Assignments and Certain Other Documents	126
	 	11.18	USA
    PATRIOT Act Notice; Beneficial Ownership	127

 

    	iii

    	 

    

 

	 	11.19	Subordination
    of Intercompany Indebtedness	127
	 	11.20	Acknowledgement
    and Consent to Bail-In of EEA Financial Institutions	127
	 	11.21	Acknowledgment
    Regarding any Supported QFCs	128
	 	11.22	Release
    of Liens, Etc	128

 

SCHEDULES

 

	2.01	 	Commitments
    and Applicable Percentages
	5.15	 	Subsidiaries
	5.17-1	 	Locations
    of Real Property
	5.17-2	 	Locations
    of Chief Executive Office, Taxpayer Identification Number, Etc.
	5.17-3	 	Changes
    in Legal Name, State of Formation and Structure
	7.01	 	Existing
    Indebtedness
	7.02	 	Existing
    Liens
	7.04	 	Existing
    Investments
	11.02	 	Certain
    Addresses for Notices

 

EXHIBITS

 

	1.01	 	Form
    of Secured Party Designation Notice
	2.02	 	Form
    of Loan Notice
	2.04	 	Form
    of Swingline Loan Notice
	2.05	 	Form
    of Notice of Loan Prepayment
	2.11(a)	 	Form
    of Note
	3.01	 	Forms
    of U.S. Tax Compliance Certificates
	6.01	 	Form
    of Compliance Certificate
	6.10	 	Form
    of Joinder Agreement
	11.06(b)	 	Form
    of Assignment and Assumption
	11.06(b)(iv)
    	 	Form
    of Administrative Questionnaire

 

    	iv

    	 

    

 

CREDIT
AGREEMENT

 

This
CREDIT AGREEMENT is entered into as of June 5, 2019 among HEALTH PLAN INTERMEDIARIES HOLDINGS, LLC, a Delaware limited liability
company (the “Borrower”), the Guarantors (defined herein), the Lenders (defined herein) and BANK OF AMERICA,
N.A., as Administrative Agent, Swingline Lender and L/C Issuer.

 

The
Borrower has requested that the Lenders provide credit facilities for the purposes set forth herein, and the Lenders are willing
to do so on the terms and conditions set forth herein.

 

In
consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows:

 

Article
I.

 

DEFINITIONS
AND ACCOUNTING TERMS

 

1.01
Defined Terms.

 

As
used in this Agreement, the following terms shall have the meanings set forth below:

 

“Acquired
Business” means the entity or assets acquired by the Borrower or any Subsidiary in an Acquisition on or after the Closing
Date.

 

“Acquisition”
means (a) any Investment by the Borrower or any of its Subsidiaries in any other Person pursuant to which such Person shall become
a Subsidiary or shall be merged with the Borrower or any of its Subsidiaries or (b) any acquisition by the Borrower or any of
its Subsidiaries of the assets of any Person (other than a Subsidiary) that constitute all or a substantial portion of the assets
of such Person or a division or business unit of such Person.

 

“Administrative
Agent” means Bank of America in its capacity as administrative agent under any of the Loan Documents, or any successor
administrative agent.

 

“Administrative
Agent’s Office” means the Administrative Agent’s address and, as appropriate, account as set forth on Schedule
11.02 or such other address or account as the Administrative Agent may from time to time notify the Borrower and the Lenders.

 

“Administrative
Questionnaire” means an Administrative Questionnaire in substantially the form of Exhibit 11.06(b)(iv) or any
other form approved by the Administrative Agent.

 

“Affiliate”
means, as to any Person, any other Person that directly, or indirectly through one or more intermediaries, Controls, is Controlled
by, or is under common Control with, such Person. For the purposes of this definition, “Control” means the power,
directly or indirectly, either to (a) vote 10% or more of the securities having ordinary voting power for the election of directors
(or persons performing similar functions) of a Person or (b) direct or cause the direction of the management and policies of a
Person, whether through the ability to exercise voting power, by control or otherwise. The terms “Controlling”, “Controlled
by”, and “under common Control with” have the meanings correlative thereto.

 

“Aggregate
Revolving Commitments” means the Revolving Commitments of all the Lenders. The initial amount of the Aggregate Revolving
Commitments in effect on the Closing Date is $65,000,000.

 

    	 

    	 

    

 

“Agreement”
means this Credit Agreement.

 

“All-In
Yield” means, as to any Indebtedness, the yield thereof, whether in the form of interest rate, margin, original issue
discount, upfront fees, a Eurodollar Rate or Base Rate floor or otherwise, in each case, incurred or payable by the Borrower generally
to all lenders of such Indebtedness; provided that original issue discount and upfront fees shall be equated to interest rate
assuming a 4-year life to maturity (or, if less, the stated life to maturity at the time of incurrence of the applicable Indebtedness);
and provided, further, that “All-In Yield” shall not include arrangement, structuring, commitment, underwriting or
other similar fees (regardless of whether paid in whole or in part to any lenders) not paid generally to all lenders of such Indebtedness.

 

“Annual
Statutory Statement” means the annual statutory financial statement of an Insurance Subsidiary required to be filed
with the Applicable Department of Insurance.

 

“Anti-Corruption
Laws” means all Laws applicable to the Loan Parties and their Subsidiaries from time to time concerning or relating
to bribery or corruption.

 

“Applicable
Department of Insurance” means, with respect to any Insurance Subsidiary, the state-level Department of Insurance that
regulates such Insurance Subsidiary. “Applicable Insurance Regulatory Authority” means, (a) with respect to
any Insurance Brokerage Entity, the Governmental Authority located in the jurisdiction in which such Insurance Brokerage Entity
is domiciled or such other jurisdiction which due to the nature of such Insurance Brokerage Entity’s activities, has regulatory
authority over such Person, and any federal Governmental Authority regulating the insurance industry and/or the insurance brokerage
industry and (b) with respect to any Insurance Subsidiary, the Applicable Department of Insurance and, to the extent it has regulatory
authority over such Insurance Subsidiary, the insurance department or similar Governmental Authority charged with regulating insurance
companies or insurance holding companies in each other jurisdiction in which the Insurance Subsidiary conducts business or is
licensed to conduct business.

 

“Applicable
Percentage” means with respect to any Lender at any time, (a) with respect to such Lender’s Revolving Commitment
at any time, the percentage (carried out to the ninth decimal place) of the Aggregate Revolving Commitments represented by such
Lender’s Revolving Commitment at such time; provided that if the commitment of each Lender to make Revolving Loans
and the obligation of the L/C Issuer to make L/C Credit Extensions have been terminated pursuant to Section 8.02 or if
the Aggregate Revolving Commitments have expired, then the Applicable Percentage of each Lender shall be determined based on the
Applicable Percentage of such Lender most recently in effect, giving effect to any subsequent assignments, and (b) with respect
to such Lender’s portion of any outstanding class of Term Loan at any time, the percentage (carried out to the ninth decimal
place) of the outstanding principal amount of such class of Term Loan held by such Lender at such time. The initial Applicable
Percentage of each Lender is set forth opposite the name of such Lender on Schedule 2.01 or in the Assignment and Assumption
or other documentation pursuant to which such Lender becomes a party hereto, as applicable. The Applicable Percentages shall be
subject to adjustment as provided in Section 2.15.

 

“Applicable
Rate” means the following percentages per annum, based upon the Consolidated Total Leverage Ratio as set forth in the
most recent Compliance Certificate received by the Administrative Agent pursuant to Section 6.01(c):

 

    	2

    	 

    

 

	Pricing Tier	 	Consolidated Total Leverage Ratio	 	Commitment Fee	 	 	Letter of Credit Fee	 	 	Eurodollar Rate Loans	 	 	Base Rate Loans	 
	1	 	< 1.00 to 1.00	 	 	0.20	%	 	 	1.50	%	 	 	1.50	%	 	 	0.50	%
	2	 	>1.00 to 1.00 but < 2.00 to 1.00	 	 	0.25	%	 	 	1.75	%	 	 	1.75	%	 	 	0.75	%
	3	 	> 2.00 to 1.00	 	 	0.30	%	 	 	2.00	%	 	 	2.00	%	 	 	1.00	%

 

Any
increase or decrease in the Applicable Rate resulting from a change in the Consolidated Total Leverage Ratio shall become effective
as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.01(c);
provided, however, that if a Compliance Certificate is not delivered when due in accordance with such Section, then,
upon the request of the Required Lenders, Pricing Tier 3 shall apply as of the first Business Day after the date on which such
Compliance Certificate was required to have been delivered and shall remain in effect until the first Business Day immediately
following the date on which such Compliance Certificate is delivered in accordance with Section 6.01(c), whereupon the
Applicable Rate shall be adjusted based upon the calculation of the Consolidated Total Leverage Ratio contained in such Compliance
Certificate. The Applicable Rate in effect from the Closing Date through the first Business Day immediately following the date
a Compliance Certificate is required to be delivered pursuant to Section 6.01(c) for the Fiscal Quarter ending September
30, 2019 shall be determined based upon Pricing Tier 3. Notwithstanding anything to the contrary contained in this definition,
the determination of the Applicable Rate for any period shall be subject to the provisions of Section 2.10(b).

 

“Appropriate
Lender” means, at any time, (a) with respect to any facility under this Agreement, a Lender that has a Commitment with
respect to such facility or holds a Loan under such facility at such time, (b) with respect to the Letter of Credit Sublimit,
(i) the L/C Issuer and (ii) if any Letters of Credit have been issued pursuant to Section 2.03(a), the Lenders with a Revolving
Commitment and (c) with respect to the Swing Line Sublimit, (i) the Swing Line Lender and (ii) if any Swing Line Loans are outstanding
pursuant to Section 2.04(a), the Lenders with a Revolving Commitment.

 

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

 

“Arrangers”
means BAS and SunTrust Robinson Humphrey, Inc., in their capacity as joint lead arrangers and joint bookrunners. “Assignment
and Assumption” means an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent
of any party whose consent is required by Section 11.06(b)), and accepted by the Administrative Agent, in substantially
the form of Exhibit 11.06(b) or any other form (including electronic documentation generated by use of an electronic platform)
approved by the Administrative Agent.

 

“Availability
Period” means, with respect to the Revolving Commitments, the period from and including the Closing Date to the earliest
of (a) the Maturity Date, (b) the date of termination of the Aggregate Revolving Commitments pursuant to Section 2.06,
and (c) the date of termination of the commitment of each Lender to make Loans and of the obligation of the L/C Issuer to make
L/C Credit Extensions pursuant to Section 8.02.

 

    	3

    	 

    

 

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

 

“Bail-In
Legislation” means, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European
Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which
is described in the EU Bail-In Legislation Schedule.

 

“Bank
of America” means Bank of America, N.A. and its successors.

 

“BAS”
means BofA Securities, Inc., in its capacity as joint lead arranger and joint bookrunner.

 

“Base
Rate” means for any day a fluctuating rate of interest per annum equal to the highest of (a) the Federal Funds Rate
plus 0.50%, (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America
as its “prime rate” and (c) the Eurodollar Rate plus 1.0%; provided that if the Base Rate shall be less
than zero, such rate shall be deemed zero for purposes of this Agreement. The “prime rate” is a rate set by Bank of
America based upon various factors including Bank of America’s costs and desired return, general economic conditions and
other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced
rate. Any change in such “prime rate” announced by Bank of America shall take effect at the opening of business on
the day specified in the public announcement of such change.

 

“Base
Rate Loan” means a Loan that bears interest based on the Base Rate.

 

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

 

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

 

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

 

“BHC
Act Affiliate” has the meaning specified in Section 11.21(b).

 

“Borrower”
has the meaning specified in the introductory paragraph hereto.

 

“Borrower
Materials” has the meaning specified in Section 6.01.

 

“Borrowing”
means a borrowing consisting of simultaneous Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same
Interest Period made by each of the Lenders pursuant to Section 2.01.

 

“Business
Day” means any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under
the Laws of, or are in fact closed in, the state where the Administrative Agent’s Office is located and, if such day relates
to any Eurodollar Rate Loan, means any such day that is also a day on which dealings in Dollar deposits are conducted by and between
banks in the London interbank eurodollar market.

 

    	4

    	 

    

 

“California
Property” means that certain leasehold interest in the real property located at 444 Castro Street, Mountain View, California
94041.

 

“Capital
Lease Obligations” of any Person means all obligations of such Person to pay rent or other amounts under any lease (or
other arrangement conveying the right to use) of real or personal property, or a combination thereof, which obligations are required
to be classified and accounted for as capital leases on a balance sheet of such Person prepared in accordance with GAAP, and the
amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP.

 

“Capital
Stock” means all shares, options, warrants, general or limited partnership interests, membership interests or other
equivalents (regardless of how designated) of or in a corporation, partnership, limited liability company or equivalent entity
whether voting or nonvoting, including common stock, preferred stock or any other “equity security” (as such term
is defined in Rule 3a11 1 of the General Rules and Regulations promulgated by the SEC under the Securities Exchange Act of 1934).
“Cash Collateralize” means to pledge and deposit with or deliver to the Administrative Agent, for the benefit
of one or more of the L/C Issuer or the Lenders, as collateral for L/C Obligations or obligations of the Lenders to fund participations
in respect of L/C Obligations, (a) cash or deposit account balances, (b) backstop letters of credit entered into on terms, from
issuers and in amounts satisfactory to the Administrative Agent and the L/C Issuer and/or (c) if the Administrative Agent and
the L/C Issuer shall agree in their sole discretion, other credit support, in each case pursuant to documentation in form and
substance satisfactory to the Administrative Agent and the L/C Issuer. “Cash Collateral” shall have a meaning
correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support.

 

“Cash
Equivalents” means, as at any date:

 

(a) securities that are the direct obligations of, or obligations the timely payment
of principal of and interest on which are unconditionally guaranteed by, the United States (or by any agency or instrumentality
thereof to the extent such obligations are backed by the full faith and credit of the United States), in each case maturing within
one year from the date of acquisition thereof;

 

(b)
Investments in commercial paper having, at the time of acquisition thereof, a credit rating of at least A1 from S&P and at
least P1 from Moody’s and in either case maturing within 270 days from the date of acquisition thereof;

 

(c)
Investments in certificates of deposit, bankers’ acceptances and time deposits maturing within 180 days of the date of acquisition
thereof (i) issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, any domestic office
of any commercial bank organized under the Laws of the United States or any state thereof; provided that such certificates of
deposit, banker’s acceptances and time deposits are held in a securities account (as defined in the Uniform Commercial Code)
through which the Lender can perfect a security interest therein and (ii) having, at such date of acquisition, a credit rating
of at least A1 from S&P and at least P1 from Moody’s;

 

(d)
Investments in fully collateralized repurchase agreements with a term of not more than 30 days for securities described in clause
(a) above and entered into with a financial institution satisfying the criteria described in clause (c) above; and

 

    	5

    	 

    

 

(e)
mutual funds investing solely in any one or more of the Cash Equivalents described in clauses (a) through (d) above;

 

provided;
if either of Moody’s or S&P changes its rating system, then any ratings included in this definition shall be deemed
to be an equivalent rating in a successor rating category of Moody’s or S&P as the case may be.

 

“Cash
Management Agreement” means any agreement that is not prohibited by the terms hereof to provide treasury or cash management
services, including deposit accounts, overnight draft, credit cards, debit cards, p-cards (including purchasing cards and commercial
cards), funds transfer, automated clearinghouse, zero balance accounts, returned check concentration, controlled disbursement,
lockbox, account reconciliation and reporting and trade finance services and other cash management services.

 

“Cash
Management Bank” means any Person that (a) at the time it enters into a Cash Management Agreement, is a Lender or the
Administrative Agent or an Affiliate of a Lender or the Administrative Agent, (b) in the case of any Cash Management Agreement
in effect on or prior to the Closing Date, is, as of the Closing Date or within 30 days thereafter, a Lender or the Administrative
Agent or an Affiliate of a Lender or the Administrative Agent and a party to a Cash Management Agreement or (c) within 30 days
after the time it enters into the applicable Cash Management Agreement, becomes a Lender, the Administrative Agent or an Affiliate
of a Lender or the Administrative Agent, in each case, in its capacity as a party to such Cash Management Agreement.

 

“Change
in Law” means the occurrence, after the Closing Date, of any of the following: (a) the adoption or taking effect of
any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation,
implementation or application thereof by any Governmental Authority or (c) the making or issuance of any request, rule, guideline
or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything
herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines
or directives thereunder or issued in connection therewith or in the implementation thereof and (y) all requests, rules, guidelines
or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor
or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each
case be deemed to be a “Change in Law”, regardless of the date enacted, adopted, issued or implemented.

 

“Change
of Control” means the occurrence of one or more of the following events: (a) a direct or indirect change in ownership
or control of the Parent effected through one transaction or a series of related transactions within a 12-month period, whereby
any “person” (as used within the Exchange Act) or any two or more persons deemed to be one “person” or
“group” (in each case, as used within the Exchange Act) other than the Parent or an employee benefit plan maintained
by the Parent, directly or indirectly acquire or maintain “beneficial ownership” (as used within the Exchange Act)
of securities of the Parent constituting more than 30% of the total combined voting power of the Parent’s equity securities
outstanding immediately after such acquisition; or (b) at any time during a period of 18 consecutive months, individuals who at
the beginning of such period constituted the board of directors of Parent cease for any reason to constitute a majority of members
of the board of directors of the Parent; provided, however, that any new member of the board of directors of the Parent whose
election or nomination for election was approved by a vote of at least a majority of the directors then still in office who either
were directors at the beginning of such period or whose election or nomination for election was so approved, shall be considered
as though such individual were a member of the board of directors of the Parent at the beginning of the period; or (c) the Parent
shall cease to own and control, of record and beneficially, directly or indirectly, 100% of the outstanding Capital Stock of the
Borrower; or (d) the Borrower shall cease to own and control, of record and beneficially, directly or indirectly, 100% of the
outstanding Capital Stock of each Guarantor (excluding the Parent) entitled to vote.

 

    	6

    	 

    

 

“Closing
Date” means June 5, 2019.

 

“Closing
Date Acquisition” means the Acquisition of RxHelpline, LLC, TogetherHealth PAP, LLC, and TogetherHealth Insurance, LLC,
a Delaware limited liability company pursuant to the Closing Date Acquisition Agreement. “Closing Date Acquisition Agreement”
means that certain Membership Interest Purchase Agreement dated as of the Closing Date among the Parent, the Borrower, RxHelpline,
LLC, TogetherHealth PAP, LLC, TogetherHealth Insurance, LLC, TogetherHealth Soup, L.P. and the other sellers party thereto, together
with all exhibits and schedules thereto.

 

“Closing
Date Acquisition Documents” means the Closing Date Acquisition Agreement and all other agreements, instruments and documents
executed and delivered in connection with the Closing Date Acquisition Agreement. For the avoidance of doubt, the Loan Documents
shall not constitute “Closing Date Acquisition Documents”. “Collateral” means a collective reference
to all property with respect to which Liens in favor of the Administrative Agent, for the benefit of itself and the other holders
of the Obligations, are purported to be granted pursuant to and in accordance with the terms of the Collateral Documents.

 

“Collateral
Documents” means a collective reference to the Security Agreement and other security documents as may be executed and
delivered by any Loan Party pursuant to the terms of Section 6.11 or any of the Loan Documents.

 

“Commitment”
means, as to each Lender, the Revolving Commitment of such Lender and/or the Term A-1 Loan Commitment of such Lender.

 

“Commodity
Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.).

 

“Compliance
Certificate” means a certificate substantially in the form of Exhibit 6.01.

 

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

 

“Consolidated
Capital Expenditures” means, for any period, without duplication, (a) the additions to property, plant and equipment
and other capital expenditures of the Parent and its Subsidiaries (other than the Insurance Subsidiaries) that are (or would be)
set forth on a consolidated statement of cash flows of the Parent for such period and (b) Capital Lease Obligations incurred by
the Parent and its Subsidiaries (other than the Insurance Subsidiaries) during such period.

 

    	7

    	 

    

 

“Consolidated EBITDA”
means, for the Parent and its Subsidiaries (other than the Insurance Subsidiaries) for any period, determined on a consolidated
basis, an amount equal to the sum of (a) Consolidated Net Income for such period plus (b) to the extent deducted in determining
Consolidated Net Income for such period, without duplication, (i) Consolidated Interest Expense for such period, (ii) income tax
expense for such period, (iii) depreciation and amortization for such period, (iv) non-cash charges, expenses or losses (including,
without limitation, non-cash costs and/or expenses incurred pursuant to any management equity plan, stock option plan or any other
stock subscription or shareholder agreement and any loss resulting from a mark to market adjustment of an earn out obligation
but excluding (A) any regular operating non-cash charge, loss or expense that is an accrual of a reserve for a cash expense or
payment to be made, or anticipated to be made, in a future period and (B) any expenses or charges related to accounts receivable),
(v) reasonable and documented costs, fees and expenses incurred on or before the date that is ninety (90) days after Closing Date
in connection with the negotiation, execution and delivery of this Agreement and the other Loan Documents, (vi) liability adjustments
(or minus gains) under the Tax Receivable Agreement, (vii) reasonable and documented out-of-pocket fees and expenses incurred
in connection with (A) Acquisitions (whether consummated or not, but excluding the Closing Date Acquisition and the Identified
Potential Acquisition) and any attempted or consummated sale, issuance or disposition of Capital Stock or Investments permitted
hereunder, including secondary offerings of Class B Shares (as defined in the Exchange Agreement) and (B) one-time regulatory
fines or penalties, restructuring, severance and headcount reductions; provided, that the aggregate amount of all such
fees and expenses with respect to the items described in this clause (vii) shall not exceed twenty-five percent (25.0%)
of Consolidated EBITDA for the period of four (4) Fiscal Quarters most recently ended (determined prior to giving effect to such
add-backs), (viii) other cash charges acceptable to the Administrative Agent, and (ix) reasonable and documented out-of-pocket
fees and expenses incurred in connection with the Closing Date Acquisition and the Identified Potential Acquisition in an aggregate
amount not to exceed $5,000,000 during the term of this Agreement minus (c) to the extent included in calculating Consolidated
Net Income, any non-cash gains (including, without limitation, any gain resulting from a mark to market adjustment of an earn
out obligation).

 

“Consolidated
Interest Coverage Ratio” means, as of any date of determination, the ratio of (a) the difference of (i) Consolidated
EBITDA for the most recently completed four Fiscal Quarters minus (ii) depreciation and amortization expense for such period
to (b) Consolidated Interest Expense for the most recently completed four Fiscal Quarters. “Consolidated Interest
Expense” means, for the Parent and its Subsidiaries (other than the Insurance Subsidiaries) for any period determined
on a consolidated basis, the sum of (a) total interest expense, including without limitation the interest component of any payments
in respect of Capital Lease Obligations capitalized or expensed during such period (whether or not actually paid during such period)
plus (b) the net amount payable (or minus the net amount receivable) with respect to Hedging Transactions during
such period (whether or not actually paid or received during such period).

 

“Consolidated
Net Income” means, for the Parent and its Subsidiaries (other than the Insurance Subsidiaries) for any period determined
on a consolidated basis, the net income (or loss) of the Parent and its Subsidiaries (other than the Insurance Subsidiaries) for
such period but excluding therefrom (to the extent otherwise included therein) (a) any extraordinary gains or losses, (b) any
gains attributable to write-ups of assets and (c) any equity interest of the Parent or any Subsidiary of the Parent in the unremitted
earnings of any Person that is not a Subsidiary.

 

“Consolidated
Total Debt” means, as of any date, all Indebtedness of the Parent and its Subsidiaries (other than the Insurance Subsidiaries)
measured on a consolidated basis as of such date, but excluding Indebtedness of the type described in subsection (i) of
the definition thereto.

 

“Consolidated
Total Leverage Ratio” means, as of any date of determination, the ratio of (a) Consolidated Total Debt as of such date
to (b) Consolidated EBITDA for the most recently completed four Fiscal Quarters.

 

“Covered
Entity” has the meaning specified in Section 11.21(b)

 

“Credit
Extension” means each of the following: (a) a Borrowing and (b) an L/C Credit Extension.

 

    	8

    	 

    

 

“Debt
Issuance” means the issuance by any Loan Party or any Subsidiary of any Indebtedness other than Indebtedness permitted
under Section 7.02.

 

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

 

“Default”
means any event or condition that constitutes an Event of Default or that, with the giving of any notice, the passage of time,
or both, would be an Event of Default.

 

“Default
Rate” means (a) with respect to any Obligation for which a rate is specified, a rate per annum equal to two percent
(2%) in excess of the rate otherwise applicable thereto and (b) with respect to any Obligation for which a rate is not specified
or available, a rate per annum equal to the Base Rate plus the Applicable Rate for Revolving Loans that are Base Rate Loans
plus two percent (2%), in each case, to the fullest extent permitted by applicable Law.

 

“Default
Right” has the meaning specified in Section 11.21(b)

 

“Defaulting
Lender” means, subject to Section 2.15(d), any Lender that (a) has failed to (i) fund all or any portion of its
Loans within two Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies the Administrative
Agent and the Borrower in writing that such failure is the result of such Lender’s determination that one or more conditions
precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified
in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, the L/C Issuer, the Swingline Lender or any
other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit
or Swingline Loans) within two Business Days of the date when due, (b) has notified the Borrower, the Administrative Agent, the
L/C Issuer or the Swingline Lender in writing that it does not intend to comply with its funding obligations hereunder, or has
made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund
a Loan hereunder and states that such position is based on such Lender’s determination that a condition precedent to funding
(which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement)
cannot be satisfied), (c) has failed, within three Business Days after written request by the Administrative Agent or the Borrower,
to confirm in writing to the Administrative Agent and the Borrower that it will comply with its prospective funding obligations
hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of
such written confirmation by the Administrative Agent and the Borrower), or (d) has, or has a direct or indirect parent company
that has, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) had appointed for it a receiver, custodian,
conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation
of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority
acting in such a capacity or (iii) become the subject of a Bail-In Action; provided that a Lender shall not be a Defaulting
Lender solely by virtue of the ownership or acquisition of any Capital Stock in that Lender or any direct or indirect parent company
thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity
from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets
or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements
made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or more
of clauses (a) through (d) above, and of the effective date of such status, shall be conclusive and binding absent manifest error,
and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.15(d)) as of the date established therefor
by the Administrative Agent in a written notice of such determination, which shall be delivered by the Administrative Agent to
the Borrower, the L/C Issuer, the Swingline Lender and each other Lender promptly following such determination.

 

    	9

    	 

    

 

“Disposition”
or “Dispose” means the sale, transfer, license, lease or other disposition of any property by the Parent or
any Subsidiary, including any sale and leaseback transaction and any sale, assignment, transfer or other disposal, with or without
recourse, of any notes or accounts receivable or any rights and claims associated therewith, but excluding (a) the sale of inventory
in the ordinary course of business; (b) the sale or disposition for fair market value of obsolete or worn out property or other
property not necessary for operations of the Parent and its Subsidiaries disposed of in the ordinary course of business; (c) the
disposition of property (including the cancellation of Indebtedness permitted by Section 7.04(d)) to the Parent or any
Subsidiary; provided, that if the transferor of such property is a Loan Party then the transferee thereof must be a Loan
Party; (d) the disposition of accounts receivable in connection with the collection or compromise thereof; (e) licenses, sublicenses,
leases or subleases granted to others in the ordinary course of business or not interfering in any material respect with the business
of the Parent or any Subsidiary; (f) the sale or disposition of Cash Equivalents for fair market value in the ordinary course
of business, (g) the disposition of shares of Capital Stock of any Subsidiary in order to qualify members of the governing body
of such Subsidiary if required by applicable Law, but excluding any Recovery Event, and (h) any sale or disposition made by an
Insurance Subsidiary in the ordinary course of business.

 

“Dollar”
and “$” mean lawful money of the United States.

 

“Domestic
Subsidiary” means any Subsidiary that is organized under the Laws of any state of the United States or the District
of Columbia.

 

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

 

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

 

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

 

“Eligible
Assignee” means any Person that meets the requirements to be an assignee under Sections 11.06(b) (subject to
such consents, if any, as may be required under Section 11.06(b)(iii)).

 

“Environmental
Laws” means all Laws relating in any way to the environment, preservation or reclamation of natural resources, the management,
Release or threatened Release of any Hazardous Material or to health and safety matters.

 

“Environmental
Liability” means any liability, contingent or otherwise (including any liability for damages, costs of environmental
investigation and remediation, costs of administrative oversight, fines, natural resource damages, penalties or indemnities),
of the Parent or any Subsidiary directly or indirectly resulting from or based upon (a) any actual or alleged violation of any
applicable Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous
Materials, (c) any actual or alleged exposure to any Hazardous Materials, (d) the Release or threatened Release of any Hazardous
Materials or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with
respect to any of the foregoing.

 

    	10

    	 

    

 

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

 

“ERISA
Affiliate” means any trade or business (whether or not incorporated), which, together with the Parent, is treated as
a single employer under Section 414(b) or (c) of the Internal Revenue Code or, solely for the purposes of Section 302 of ERISA
and Section 412 of the Internal Revenue Code, is treated as a single employer under Section 414 of the Internal Revenue Code.

 

“ERISA
Event” means (a) any “reportable event”, as defined in Section 4043 of ERISA or the regulations issued thereunder
with respect to a Plan (other than an event for which the 30-day notice period is waived); (b) the failure of any Plan to meet
the minimum funding standard applicable to the Plan for a plan year under Section 412 of the Internal Revenue Code or Section
302 of ERISA, whether or not waived; (c) the filing pursuant to Section 412(d) of the Internal Revenue Code or Section 303(c)
of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan; (d) the incurrence by the Parent
or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan; (e) the receipt
by the Parent or any ERISA Affiliate from the PBGC or a plan administrator appointed by the PBGC of any notice relating to an
intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan; (f) the incurrence by the Parent or any
of its ERISA Affiliates of any liability with respect to the withdrawal or partial withdrawal from any Plan or Multiemployer Plan;
or (g) the receipt by the Parent or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the Parent
or any ERISA Affiliate of any notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer
Plan is, or is expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA.

 

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

 

“Eurodollar
Rate” means:

 

(a)
for any Interest Period with respect to a Eurodollar Rate Loan, the rate per annum equal to the London Interbank Offered Rate
as administered by ICE Benchmark Administration (or any other Person that takes over the administration of such rate for U.S.
Dollars for a period equal in length to such Interest Period) (“LIBOR”) as published on the applicable Bloomberg
screen page (or such other commercially available source providing such quotations as may be designated by the Administrative
Agent from time to time) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest
Period, for Dollar deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period;

 

(b)
for any interest calculation with respect to a Base Rate Loan on any date, the rate per annum equal to LIBOR, at or about 11:00
a.m., London time determined two Business Days prior to such date for U.S. Dollar deposits with a term of one month commencing
that day; and

 

(c)
if the Eurodollar Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement.

 

    	11

    	 

    

 

“Eurodollar
Rate Loan” means a Loan that bears interest at a rate based on clause (a) of the definition of “Eurodollar Rate.”

 

“Event
of Default” has the meaning specified in Section 8.01.

 

“Exchange
Act” means the Securities Exchange Act of 1934 and the rules of the SEC thereunder in effect on the Closing Date.

 

“Excluded
Accounts” means (a) deposit and/or securities accounts the balance of which consists exclusively of (i) withheld income
taxes and federal, state or local employment taxes in such amounts as are required in the reasonable judgment of the Parent to
be paid to the IRS or state or local government agencies within the following two months with respect to employees of any of the
Loan Parties or (ii) amounts required to be paid over to an employee benefit plan pursuant to DOL Reg. Sec. 2510.3-102 on behalf
of or for the benefit of employees of one or more Loan Parties, (b) accounts maintained solely in trust for the benefit of third
parties and fiduciary purposes, escrow accounts, and employee benefit accounts (including 401(k) accounts and pension fund accounts),
in each case, so long as such account is used solely for such purpose, (c) any deposit and/or securities account maintained in
a jurisdiction outside of the United States and (d) restricted cash, meaning, collected risk premiums owing to contracted insurance
carriers, discount benefit providers and distributors maintained in accounts solely on behalf of such Persons, in each case, so
long as such account is used solely for such purpose.

 

“Excluded
Property” means, with respect to any Loan Party, (a) any owned or leased real property, (b) unless requested by the
Administrative Agent or the Required Lenders, any IP Rights for which a perfected Lien thereon is not effected either by filing
of a Uniform Commercial Code financing statement or by appropriate evidence of such Lien being filed in either the United States
Copyright Office or the United States Patent and Trademark Office, (c) unless requested by the Administrative Agent or the Required
Lenders, any personal property (other than personal property described in clause (b) above) for which the attachment or
perfection of a Lien thereon is not governed by the Uniform Commercial Code, (d) the Capital Stock of any Foreign Subsidiary or
any Insurance Subsidiary to the extent not required to be pledged to secure the Obligations pursuant to Section 6.11(a),
(e) any property which, subject to the terms of Section 7.08, is subject to a Lien of the type described in Section
7.02(d) pursuant to documents which prohibit such Loan Party from granting any other Liens in such property, (f) Excluded
Accounts and (g) any lease, license or other similar agreement or any property subject to a purchase money security interest or
similar arrangement to the extent that a grant of a security interest therein would violate or invalidate such lease, license
or similar agreement or purchase money security interest or similar arrangement or create a right of termination in favor of any
other party thereto (other than the Borrower or a Guarantor) after giving effect to the applicable anti-assignment provisions
of the Uniform Commercial Code and other applicable Laws, other than proceeds and receivables thereof, the assignment of which
is expressly deemed effective under the Uniform Commercial Code and other applicable Laws notwithstanding such prohibition; provided,
however, that the security interests granted under the Collateral Documents in favor of the Administrative Agent, for the
benefit of the holders of the Obligations, shall attach immediately to any asset that ceases to meet any of the criteria for Excluded
Property described in any of the foregoing clauses (a) through (g) above, including, without limitation, if the
terms of the agreement(s) relating thereto that prohibit or limit the pledge or granting of security interest therein or that
would give rise to a violation or invalidation of the agreement(s) with respect thereto, (i) are no longer in effect or (ii) have
been waived by the other party to any such lease, license or other agreement.

 

    	12

    	 

    

 

“Excluded
Swap Obligation” means, with respect to any Guarantor, any Swap Obligation if, and to the extent that, all or a portion
of the Guaranty of such Guarantor of, or the grant by such Guarantor of a Lien to secure, such Swap Obligation (or any Guarantee
thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading
Commission (or the application or official interpretation thereof) by virtue of such Guarantor’s failure for any reason
to constitute an “eligible contract participant” as defined in the Commodity Exchange Act (determined after giving
effect to Section 10.08 and any other “keepwell”, support or other agreement for the benefit of such Guarantor
and any and all guarantees of such Guarantor’s Swap Obligations by other Loan Parties) at the time the Guaranty of such
Guarantor, or grant by such Guarantor of a Lien, becomes effective with respect to such Swap Obligation. If a Swap Obligation
arises under a Master Agreement governing more than one Hedging Transaction, such exclusion shall apply to only the portion of
such Swap Obligation that is attributable to Hedging Transactions for which such Guaranty or Lien is or becomes excluded in accordance
with the first sentence of this definition.

 

“Excluded
Taxes” means any of the following Taxes imposed on or with respect to any Recipient or required to be withheld or deducted
from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch
profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the Laws of, or having its principal
office or, in the case of any Lender, its Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision
thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts
payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a Law
in effect on the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment
request by the Borrower under Section 11.13) or (ii) such Lender changes its Lending Office, except in each case to the
extent that, pursuant to Section 3.01(a)(ii), 3.01(a)(iii) or 3.01(c), amounts with respect to such Taxes
were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately
before it changed its Lending Office, (c) Taxes attributable to such Recipient’s failure to comply with Section 3.01(e)
and (d) any U.S. federal withholding Taxes imposed pursuant to FATCA.

 

“Facility
Termination Date” means the date as of which all of the following shall have occurred: (a) all Commitments have terminated,
(b) all Obligations arising under the Loan Documents have been paid in full (other than contingent indemnification obligations),
and (c) all Letters of Credit have terminated or expired (other than Letters of Credit that have been Cash Collateralized or as
to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made).

 

“FASB
ASC” means the Accounting Standards Codification of the Financial Accounting Standards Board.

 

“FATCA”
means Sections 1471 through 1474 of the Internal Revenue Code, as of the Closing Date (or any amended or successor version that
is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations
thereof and any agreements entered into pursuant to Section 1471(b)(1) of the Internal Revenue Code.

 

“Federal
Funds Rate” means, for any day, the rate per annum equal to the weighted average of the rates on overnight federal funds
transactions with members of the Federal Reserve System, as published by the Federal Reserve Bank of New York on the Business
Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day
shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day,
(b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average
rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America on such day on such transactions
as determined by the Administrative Agent and (c) if the Federal Funds Rate shall be less than zero, such rate shall be deemed
zero for purposes of this Agreement.

 

    	13

    	 

    

 

“Fee
Letter” means the letter agreement, dated as of the Closing Date, among the Borrower and the Administrative Agent.

 

“Fiscal
Quarter” shall mean any fiscal quarter of the Parent.

 

“Fiscal
Year” shall mean any fiscal year of the Parent.

 

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

 

“Foreign
Subsidiary” means any Subsidiary that is not a Domestic Subsidiary.

 

“FRB”
means the Board of Governors of the Federal Reserve System of the United States.

 

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

 

“Fund”
means any Person (other than a natural Person) that is (or will be) engaged in making, purchasing, holding or otherwise investing
in commercial loans and similar extensions of credit in the ordinary course of its activities.

 

“GAAP”
means generally accepted accounting principles in the United States set forth from time to time in the opinions and pronouncements
of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements
of the Financial Accounting Standards Board (or agencies with similar functions of comparable stature and authority within the
accounting profession) including, without limitation, the FASB Accounting Standards Codification, that are applicable to the circumstances
as of the date of determination, consistently applied and subject to Section 1.03.

 

“Governmental
Authority” means the government of the United States or any other nation, or of any political subdivision thereof, whether
state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive,
legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any
supra-national bodies such as the European Union or the European Central Bank).

 

“Guarantee”
of or by any Person (the “guarantor”) means any obligation, contingent or otherwise, of the guarantor guaranteeing
or having the economic effect of guaranteeing any Indebtedness or other obligation of any other Person (the “primary
obligor”) in any manner, whether directly or indirectly and including any obligation, direct or indirect, of the guarantor
(a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to
purchase (or to advance or supply funds for the purchase of) any security for the payment thereof, (b) to purchase or lease property,
securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof,
(c) to maintain working capital, equity capital or any other financial statement condition or liquidity of the primary obligor
so as to enable the primary obligor to pay such Indebtedness or other obligation or (d) as an account party in respect of any
letter of credit or letter of guaranty issued in support of such Indebtedness or obligation; provided, that the term “Guarantee”
shall not include endorsements for collection or deposit in the ordinary course of business. The amount of any Guarantee shall
be deemed to be an amount equal to the stated or determinable amount of the primary obligation in respect of which Guarantee is
made or, if not so stated or determinable, the maximum reasonably anticipated liability in respect thereof (assuming such Person
is required to perform thereunder) as determined by such Person in good faith. The term “Guarantee” used as a verb
has a corresponding meaning.

 

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“Guarantors”
means, collectively, (a) the Parent, (b) each Domestic Subsidiary of the Borrower identified as a “Guarantor” on the
signature pages hereto, (c) each Person that joins as a Guarantor pursuant to Section 6.10 or otherwise, (d) with respect
to (i) Obligations under any Secured Hedge Agreement, (ii) Obligations under any Secured Cash Management Agreement and (iii) any
Swap Obligation of a Specified Loan Party (determined before giving effect to Sections 10.01 and 10.08) under the
Guaranty, the Borrower, and (e) the successors and permitted assigns of the foregoing. For the avoidance of doubt, in no event
shall any Insurance Subsidiary be or become required to be a Guarantor hereunder.

 

“Guaranty”
means the Guaranty made by the Guarantors in favor of the Administrative Agent and the other holders of the Obligations pursuant
to Article X.

 

“Hazardous
Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic substances, wastes or
other pollutants, including petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls,
radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to any applicable
Environmental Law.

 

“Headquarters
Property” means that certain leasehold interest in the real property located at 15438 N. Florida Avenue, Suite 201,
Tampa, Florida 33613.

 

“Healthcare
Laws” means all requirements of Law relating to (a) health or healthcare related fraud and abuse (including the following
statutes, as amended, modified or supplemented from time to time and any successor statutes thereto and regulations promulgated
from time to time thereunder: the federal Anti-Kickback Statute (42 U.S.C. § 1320a-7b(b)); the Stark Law (42 U.S.C. §
1395nn and §1395(q)); the civil False Claims Act (31 U.S.C. § 3729 et seq.); Sections 1320a-7 and 1320a-7a and 1320a-7b
of Title 42 of the United States Code; the Medicare Prescription Drug, Improvement, and Modernization Act of 2003 (Pub. L. No.
108-173)); (b) the provision of, or payment for, health care services, items or supplies; (c) the billing, coding or submission
of claims or collection of accounts receivable or refund of overpayments; (d) HIPAA; (e) fee-splitting prohibitions; (f) certificates
of operations and authority; (g) applicable state and federal insurance laws and regulations, including ERISA and (h) any and
all other applicable federal, state or local health care laws, rules, codes, statutes, regulations, manuals, orders, ordinances,
statutes, policies, professional or ethical rules, administrative guidance and requirements, as the same may be amended, modified
or supplemented from time to time, and any successor statute thereto.

 

“Healthcare
Permits” shall have the meaning set forth in Section 5.06(b).

 

“Hedge
Bank” means any Person that (i) at the time it enters into a Hedging Transaction, is a Lender or the Administrative
Agent or an Affiliate of a Lender or the Administrative Agent, (ii) in the case of any Hedging Transactions in effect on or prior
to the Closing Date, is, as of the Closing Date or within 30 days thereafter, a Lender or the Administrative Agent or an Affiliate
of a Lender or the Administrative Agent and a party to a Hedging Transactions or (iii) within 30 days after the time it enters
into the applicable Hedging Transactions, becomes a Lender, the Administrative Agent or an Affiliate of a Lender or the Administrative
Agent, in each case, in its capacity as a party to such Hedging Transactions; provided, in the case of a Secured Hedge
Agreement with a Person who is no longer a Lender (or Affiliate of a Lender), such Person shall be considered a Hedge Bank only
through the stated termination date (without extension or renewal) of such Secured Hedge Agreement.

 

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

 

“Hedging
Transaction” of any Person means (a) any transaction (including an agreement with respect to any such transaction) now
existing or hereafter entered into by such Person that is a rate swap transaction, swap option, basis swap, forward rate transaction,
commodity swap, commodity option, equity or equity index swap or option, bond option, interest rate option, foreign exchange transaction,
cap transaction, floor transaction, collar transaction, currency swap transaction, cross-currency rate swap transaction, currency
option, spot transaction, credit protection transaction, credit swap, credit default swap, credit default option, total return
swap, credit spread transaction, repurchase transaction, reverse repurchase transaction, buy/sell-back transaction, securities
lending transaction, or any other similar transaction (including any option with respect to any of these transactions) or any
combination thereof, whether or not any such transaction is governed by or subject to any master agreement and (b) any and all
transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any
form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange
Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master
Agreement”), including any such obligations or liabilities under any Master Agreement.

 

“Hedging
Obligations” of any Person means any and all obligations of such Person, whether absolute or contingent and howsoever
and whensoever created, arising, evidenced or acquired under (a) any and all Hedging Transactions, (b) any and all cancellations,
buy backs, reversals, terminations or assignments of any Hedging Transactions and (c) any and all renewals, extensions and modifications
of any Hedging Transactions and any and all substitutions for any Hedging Transactions. “HIPAA” means the Health
Insurance Portability and Accountability Act of 1996, Pub. L. 104-191, Aug. 21, 1996, 110 Stat. 1936, as the same may be amended,
modified or supplemented from time to time, and any successor statute thereto, and any and all rules or regulations promulgated
from time to time thereunder.

 

“Honor
Date” has the meaning set forth in Section 2.03(c).

 

“Hostile Acquisition” means the Acquisition
of the Capital Stock of a Person through a tender offer or similar solicitation of the owners of such Capital Stock which has
not been approved (prior to such Acquisition) by resolutions of the board of directors of such Person (or by similar action if
such Person is not a corporation) or if such approval has been withdrawn.

 

“Identified
Potential Acquisition” means the potential Acquisition identified to the Administrative Agent prior to the Closing Date.

 

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“Identified Potential Acquisition Documents” means the acquisition agreement with respect to the Identified
Potential Acquisition, together with all exhibits and schedules thereto, and all other agreements, instruments and documents executed
and delivered in connection with the Identified Potential Acquisition. For the avoidance of doubt, the Loan Documents shall not
constitute “Identified Potential Acquisition Documents”.

 

“IFRS”
means international accounting standards within the meaning of IAS Regulation 1606/2002 to the extent applicable to the relevant
financial statements delivered under or referred to herein.

 

“Incremental
Facility Amendment” has the meaning specified in Section 2.16.

 

“Incremental
Facility Loans” has the meaning specified in Section 2.16.

 

“Incremental
Request” has the meaning specified in Section 2.16.

 

“Incremental
Revolving Commitments” has the meaning specified in Section 2.16.

 

“Incremental
Revolving Loans” has the meaning specified in Section 2.16.

 

“Incremental
Term Facility” has the meaning specified in Section 2.16.

 

“Incremental
Term Loans” has the meaning specified in Section 2.16.

 

“Indebtedness”
means, as to any Person at a particular time, without duplication (a) all obligations of such Person for borrowed money, (b) all
obligations of such Person evidenced by bonds, debentures, notes or other similar instruments, (c) all obligations of such Person
in respect of the deferred purchase price of property or services (other than trade payables incurred in the ordinary course of
business; provided, that for purposes of Section 8.01(f), trade payables overdue by more than 120 days shall be
included in this definition except to the extent that any of such trade payables are being disputed in good faith and by appropriate
measures), (d) all obligations of such Person under any conditional sale or other title retention agreement(s) relating to property
acquired by such Person, (e) all Capital Lease Obligations of such Person, (f) all obligations, contingent or otherwise, of such
Person in respect of letters of credit, acceptances or similar extensions of credit, (g) all obligations of such Person, contingent
or otherwise, to purchase, redeem, retire or otherwise acquire for value any Capital Stock of such Person, (h) Off-Balance Sheet
Liabilities, (i) the Hedge Termination Value of all Hedging Obligations, (j) all Guarantees of such Person of the type of Indebtedness
described in clauses (a) through (i) above and (k) all Indebtedness of a third party secured by any Lien on property
owned by such Person, whether or not such Indebtedness has been assumed by such Person. The Indebtedness of any Person shall include
the Indebtedness of any partnership or joint venture in which such Person is a general partner or a joint venturer, except to
the extent that the terms of such Indebtedness provide that such Person is not liable therefor.

 

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

 

“Indemnitee”
has the meaning specified in Section 11.04(b).

 

“Information”
has the meaning specified in Section 11.07.

 

    	17

    	 

    

 

“Insurance
Brokerage Entity” means the Parent and any Subsidiary of the Parent which is licensed by any Applicable Insurance Regulatory
Authority to engage in insurance brokerage.

 

“Insurance
License” means any license, certificate of authority, permit or other authorization which is required to be obtained
from any Applicable Insurance Regulatory Authority in connection with the operation, ownership or transaction of insurance or
reinsurance business.

 

“Insurance
Subsidiaries” means (a) Benefytt, LLC, an Arkansas limited liability company and (b) any other direct or indirect Subsidiary
of the Parent that is an insurance company.

 

“Interest
Payment Date” means (a) as to any Eurodollar Rate Loan, the last day of each Interest Period applicable to such Loan
and the Maturity Date; provided, however, that if any Interest Period for a Eurodollar Rate Loan exceeds three months,
the respective dates that fall every three months after the beginning of such Interest Period shall also be Interest Payment Dates;
and (b) as to any Base Rate Loan (including a Swingline Loan), the last Business Day of each March, June, September and December
and the Maturity Date.

 

“Interest
Period” means, as to each Eurodollar Rate Loan, the period commencing on the date such Eurodollar Rate Loan is disbursed
or converted to or continued as a Eurodollar Rate Loan and ending on the date one, two, three or six months thereafter (in each
case, subject to availability), as selected by the Borrower in its Loan Notice, or such other period that is twelve months or
less requested by the Borrower and consented to by all of the Appropriate Lenders; provided that:

 

(a)
any Interest Period that would otherwise end on a day that is not a Business Day shall be extended to the next succeeding Business
Day unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding
Business Day;

 

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

 

(c)
no Interest Period shall extend beyond the Maturity Date.

 

“Internal
Revenue Code” means the Internal Revenue Code of 1986.

 

“Investment”
means, as to any Person, any direct or indirect acquisition or investment by such Person, whether by means of (a) purchase or
other acquisition of any Capital Stock of another Person, (b) a loan, advance, other evidence of indebtedness or capital contribution
to, Guarantee or assumption of debt of, or purchase or other acquisition of any other indebtedness or equity participation or
interest in, another Person, or (c) an Acquisition. For purposes of covenant compliance, the amount of any Investment shall be
the amount actually invested, without adjustment for subsequent increases or decreases in the value of such Investment.

 

“IP
Rights” means all of the trademarks, service marks, trade names, copyrights, patents, patent rights, franchises, licenses
and other intellectual property rights that are reasonably necessary for the operation of their respective businesses that the
Parent or any of its Subsidiaries owns, or possesses the legal right to use.

 

“IRS”
means the United States Internal Revenue Service.

 

    	18

    	 

    

 

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

 

“Issuer
Documents” means with respect to any Letter of Credit, the Letter of Credit Application, and any other document, agreement
and instrument entered into by the L/C Issuer and the Borrower (or any Subsidiary) or in favor of the L/C Issuer and relating
to such Letter of Credit.

 

“Joinder
Agreement” means a joinder agreement substantially in the form of Exhibit 6.10 executed and delivered by a Domestic
Subsidiary in accordance with the provisions of Section 6.10 or any other documents as the Administrative Agent shall deem
appropriate for such purpose.

 

“Laws”
means, collectively, all international, foreign, federal, state and local statutes, treaties, rules, guidelines, regulations,
ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof
by any Governmental Authority charged with the enforcement, interpretation or administration thereof, and all applicable administrative
orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in
each case whether or not having the force of Law.

 

“L/C
Advance” means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in
accordance with its Applicable Percentage.

 

“L/C
Borrowing” means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed
on the date when made or refinanced as a Borrowing of Revolving Loans.

 

“L/C
Credit Extension” means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date
thereof, or the increase of the amount thereof.

 

“L/C
Issuer” means Bank of America in its capacity as issuer of Letters of Credit hereunder, or any successor issuer of Letters
of Credit hereunder.

 

“L/C
Obligations” means, as at any date of determination, the aggregate amount available to be drawn under all outstanding
Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the
amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance
with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by
its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit
shall be deemed to be “outstanding” in the amount so remaining available to be drawn.

 

“Lenders”
means each of the Persons identified as a “Lender” on the signature pages hereto, each other Person that becomes a
“Lender” in accordance with this Agreement and their successors and assigns and, unless the context requires otherwise,
includes the Swingline Lender.

 

“Lending
Office” means, as to the Administrative Agent, the L/C Issuer or any Lender, the office or offices of such Person described
as such in such Person’s Administrative Questionnaire, or such other office or offices as such Person may from time to time
notify the Borrower and the Administrative Agent, which office may include any Affiliate of such Person or any domestic or foreign
branch of such Person or such affiliate.

 

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“Letter
of Credit” means any standby letter of credit issued hereunder providing for the payment of cash upon the honoring of
a presentation thereunder.

 

“Letter
of Credit Application” means an application and agreement for the issuance or amendment of a Letter of Credit in the
form from time to time in use by the L/C Issuer.

 

“Letter
of Credit Expiration Date” means the day that is seven days prior to the Maturity Date then in effect (or, if such day
is not a Business Day, the next preceding Business Day).

 

“Letter
of Credit Fee” has the meaning specified in Section 2.03(h).

 

“Letter
of Credit Sublimit” means an amount equal to the lesser of (a) $10,000,000 and (b) the Aggregate Revolving Commitments.
The Letter of Credit Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments. As of the Closing Date,
the Letter of Credit Sublimit is set forth on Schedule 2.01.

 

“LIBOR”
has the meaning specified in the definition of Eurodollar Rate.

 

“LIBOR
Screen Rate” means the LIBOR quote on the applicable screen page the Administrative Agent designates to determine LIBOR
(or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time
to time).

 

“LIBOR
Successor Rate” has the meaning specified in Section 3.03(c).

 

“LIBOR
Successor Rate Conforming Changes” has the meaning specified in Section 3.03(c).

 

“Lien”
means any mortgage, pledge, security interest, lien (statutory or otherwise), charge, encumbrance, hypothecation, assignment,
deposit arrangement, or other arrangement having the practical effect of any of the foregoing or any preference, priority or other
security agreement or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other title
retention agreement and any capital lease having the same economic effect as any of the foregoing), but not including any approval
of any Applicable Insurance Regulatory Authority required in connection with a change in control of any Insurance Subsidiary.

 

“Limited
Condition Acquisition” means any Permitted Acquisition by one or more of the Loan Parties or their Subsidiaries financed
in whole or in part with the substantially concurrent incurrence of a Loan, but whose consummation is not conditioned on the availability
of, or on obtaining, third-party financing and which is consummated no more than one hundred eighty (180) days after the applicable
Limited Condition Acquisition Agreement date is executed and effective.

 

“Limited
Condition Acquisition Agreement” has the meaning specified in Section 1.08.

 

“Loan”
means an extension of credit by a Lender to the Borrower under Article II in the form of a Revolving Loan, Swingline Loan
or the Term A-1 Loan, and shall include as the context requires, any Incremental Facility Loan.

 

“Loan
Documents” means this Agreement, each Note, each Issuer Document, each Joinder Agreement, the Collateral Documents,
each Incremental Facility Amendment and the Fee Letter (but specifically excluding Secured Hedge Agreements and any Secured Cash
Management Agreements).

 

    	20

    	 

    

 

“Loan
Notice” means a notice of (a) a Borrowing of Revolving Loans or a Term Loan, (b) a conversion of Loans from one Type
to the other, or (c) a continuation of Eurodollar Rate Loans, in each case pursuant to Section 2.02(a), which shall be
substantially in the form of Exhibit 2.02 or such other form as may be approved by the Administrative Agent (including
any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent) appropriately
completed and signed by a Responsible Officer of the Borrower.

 

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

 

“Master
Agreement” has the meaning specified in the definition of “Hedging Transaction.”

 

“Material
Adverse Effect” means with respect to any event, act, condition or occurrence of whatever nature (including any adverse
determination in any litigation, arbitration, or governmental investigation or proceeding), whether singularly or in conjunction
with any other event or events, act or acts, condition or conditions, occurrence or occurrences whether or not related, resulting
in a material adverse change in, or a material adverse effect on, (a) the business, results of operations, financial condition,
assets, liabilities or prospects of the Parent and its Subsidiaries taken as a whole, (b) the ability of the Loan Parties, as
a whole, to perform their obligations under the Loan Documents, (c) the rights and remedies of the Administrative Agent and the
Lenders under any of the Loan Documents or (d) the legality, validity or enforceability of any of the Loan Documents.

 

“Material
Agreements” means (a) all agreements, indentures or notes governing the terms of any Material Indebtedness, (b) all
employment and non-compete agreements with management, (c) all leases of real property, and (d) all other agreements, documents,
contracts, indentures and instruments pursuant to which (i) any Loan Party or any of its Subsidiaries (other than an Insurance
Subsidiary) are obligated to make payments in any twelve month period of $1,000,000 or more, (ii) any Loan Party or any of its
Subsidiaries (other than an Insurance Subsidiary) expects to receive revenue in any twelve month period of $1,000,000 or more
and (iii) a default, breach or termination thereof would reasonably be expected to result in a Material Adverse Effect.

 

“Material
Indebtedness” means any Indebtedness (other than the Loans and Letters of Credit) and Hedging Obligations of the Parent
or any of its Subsidiaries (other than an Insurance Subsidiary), individually or in an aggregate committed or outstanding principal
amount exceeding $5,000,000. For purposes of determining the amount of attributed Indebtedness from Hedging Obligations, the “principal
amount” of any Hedging Obligations at any time shall be the Net Mark-to-Market Exposure of such Hedging Obligations.

 

“Maturity
Date” means June 5, 2022; provided, however, that if such date is not a Business Day, the Maturity Date
shall be the next preceding Business Day.

 

“Minimum
Collateral Amount” means, at any time, (a) with respect to Cash Collateral consisting of cash or deposit account balances
provided to reduce or eliminate Fronting Exposure during any period when a Lender constitutes a Defaulting Lender, an amount equal
to 105% of the Fronting Exposure of the L/C Issuer with respect to Letters of Credit issued and outstanding at such time, (b)
with respect to Cash Collateral consisting of cash or deposit account balances provided in accordance with the provisions of Section
2.14(a)(i), (a)(ii) or (a)(iii), an amount equal to 105% of the Outstanding Amount of all L/C Obligations, and
(c) otherwise, an amount determined by the Administrative Agent and the L/C Issuer in their sole discretion.

 

“Moody’s”
means Moody’s Investors Service, Inc. and any successor thereto.

 

    	21

    	 

    

 

“Multiemployer
Plan” means any employee benefit plan of the type described in Section 4001(a)(3) of ERISA to which the Parent makes
or is obligated to make contributions or with respect to which the Parent has any liability (including on account of an ERISA
Affiliate).

 

“Net
Cash Proceeds” means the aggregate cash or Cash Equivalents proceeds received by any Loan Party or any Subsidiary (other
than an Insurance Subsidiary) in respect of any Disposition, Debt Issuance or Recovery Event, net of (a) direct costs incurred
in connection therewith (including legal, accounting and investment banking fees, and sales commissions), (b) taxes paid or payable
as a result thereof and (c) in the case of any Disposition or any Recovery Event, the amount necessary to retire any Indebtedness
secured by a Lien permitted by Section 7.02 (ranking senior to any Lien of the Administrative Agent) on the related property;
it being understood that “Net Cash Proceeds” shall include any cash or Cash Equivalents received upon the sale or
other disposition of any non-cash consideration received by any Loan Party or any such Subsidiary in any Disposition, Debt Issuance
or Recovery Event.

 

“Net
Mark-to-Market Exposure” of any Person means, as of any date of determination with respect to any Hedging Obligation,
the excess (if any) of all unrealized losses over all unrealized profits of such Person arising from such Hedging Obligation.
“Unrealized losses” means the fair market value of the cost to such Person of replacing the Hedging Transaction giving
rise to such Hedging Obligation as of the date of determination (assuming the Hedging Transaction were to be terminated as of
that date), and “unrealized profits” means the fair market value of the gain to such Person of replacing such Hedging
Transaction as of the date of determination (assuming such Hedging Transaction were to be terminated as of that date).

 

“Non-Consenting
Lender” means any Lender that does not approve any consent, waiver or amendment that (a) requires the approval of all
Lenders or all affected Lenders in accordance with the terms of Section 11.01 and (b) has been approved by the Required
Lenders.

 

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

 

“Note”
has the meaning specified in Section 2.11(a).

 

“Notice
of Loan Prepayment” means a notice of prepayment with respect to a Loan, which shall be substantially in the form of
Exhibit 2.05 or such other form as may be approved by the Administrative Agent (including any form on an electronic platform
or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible
Officer of the Borrower.

 

“Obligations”
means with respect to each Loan Party (i) all advances to, and debts, liabilities, obligations, covenants and duties of, any Loan
Party arising under any Loan Document or otherwise with respect to any Loan or Letter of Credit, and (ii) all obligations of any
Loan Party or any Subsidiary (other than an Insurance Subsidiary) owing to a Cash Management Bank or a Hedge Bank in respect of
Secured Cash Management Agreements or Secured Hedge Agreements, in each case identified in clauses (i) and (ii) whether direct
or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter
arising and including interest and fees that accrue after the commencement by or against any Loan Party or any Affiliate thereof
of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such
interest and fees are allowed claims in such proceeding; provided, however, that the “Obligations” of
a Loan Party shall exclude any Excluded Swap Obligations with respect to such Loan Party.

 

    	22

    	 

    

 

“OFAC”
means the Office of Foreign Assets Control of the United States Department of the Treasury.

 

“Off-Balance
Sheet Liabilities” of any Person means (a) any repurchase obligation or liability of such Person with respect to accounts
or notes receivable sold by such Person, (b) any liability of such Person under any sale and leaseback transactions that do not
create a liability on the balance sheet of such Person, (c) any Synthetic Lease Obligation or (d) any obligation arising with
respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute
a liability on the balance sheet of such Person.

 

“Organization
Documents” means, (a) with respect to any corporation, the certificate or articles of incorporation and the bylaws (or
equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability
company, the certificate or articles of formation or organization and operating agreement or limited liability company agreement
(or equivalent or comparable documents with respect to any non-U.S. jurisdiction); (c) with respect to any partnership, joint
venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of formation or
organization (or equivalent or comparable documents with respect to any non-U.S. jurisdiction) and (d) with respect to all entities,
any agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization with the
applicable Governmental Authority in the jurisdiction of its formation or organization (or equivalent or comparable documents
with respect to any non-U.S. jurisdiction).

 

“OSHA”
means the Occupational Safety and Health Act of 1970, as amended from time to time, and any successor statute.

 

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

 

“Other
Taxes” means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that
arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt
or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are Other
Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 3.06).

 

“Other
Term Loans” has the meaning specified in Section 2.16.

 

“Outstanding
Amount” means (a) with respect to any Loans on any date, the aggregate outstanding principal amount thereof after giving
effect to any borrowings and prepayments or repayments of any Loans occurring on such date; and (b) with respect to any L/C Obligations
on any date, the amount of such L/C Obligations on such date after giving effect to any L/C Credit Extension occurring on such
date and any other changes in the aggregate amount of the L/C Obligations as of such date, including as a result of any reimbursements
by the Borrower of Unreimbursed Amounts.

 

“Parent”
means Health Insurance Innovations, Inc., a Delaware corporation.

 

“Participant”
has the meaning specified in Section 11.06(d).

 

    	23

    	 

    

 

“Participant
Register” has the meaning specified in Section 11.06(d).

 

“PBGC”
means the Pension Benefit Guaranty Corporation.

 

“Permitted
Acquisition” any Acquisition that either has been approved in writing by the Required Lenders or with respect to which
all of the following conditions shall have been satisfied:

 

(a)
the Acquired Business is in the same or similar line of business as the Parent and its Subsidiaries and has its primary operations
within the United States of America;

 

(b)
the Acquisition shall not be a Hostile Acquisition;

 

(c)
subject to Section 1.08 in the case of an Incremental Term Facility used to finance a Limited Condition Acquisition, (i)
no Default or Event of Default shall exist and be continuing immediately before or immediately after giving effect to such Acquisition,
(ii) the representations and warranties made by each of the Loan Parties in each Loan Document shall be true and correct in all
material respects (other than those representations and warranties that are expressly qualified by concepts of materiality or
a Material Adverse Effect, in which case such representations and warranties shall be true and correct in all respects) as if
made on the date of such Acquisition (after giving effect thereto) except to the extent such representations and warranties expressly
relate to an earlier date, in which case such representations and warranties shall be true and correct in all material respects
as of such earlier date (other than those representations and warranties that are expressly qualified by concepts of materiality
or a Material Adverse Effect, in which case such representations and warranties shall be true and correct in all respects as of
such earlier date), and except that for purposes of this clause (ii), the representations and warranties contained in Section
5.04 shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively,
of Section 6.01, (iii) after giving effect to such Acquisition on a Pro Forma Basis, (A) the Parent shall be in compliance
with the financial covenants set forth in Section 7.20 for the period of four (4) Fiscal Quarters most recently ended prior
to the date of determination for which financial statements were delivered under Section 6.01(a) or (b) and (B)
the Consolidated Total Leverage Ratio shall be no greater than the ratio that is 0.25:1.0 (a “quarter turn”) less
than the maximum Consolidated Total Leverage Ratio then permitted under Section 7.20(a), and (iv) at least five (5) Business
Days prior to the consummation of such Acquisition, the Parent shall have delivered to the Administrative Agent a duly completed
Pro Forma Compliance Certificate;

 

(d)
in the case of any Acquisition for which the aggregate consideration is greater than $15,000,000, prior to the consummation of
such Acquisition, the Parent shall have furnished to the Administrative Agent such financial and other information as to such
Acquisition or the Acquired Business as the Administrative Agent or the Required Lenders may reasonably request including, without
limitation, (i) a description of the material terms of such Acquisition and (ii) either, at the Parent’s option, (A) audited
financial statements of the Acquired Business for its most recent Fiscal Year ended, which audited financial statements shall
have been audited by an independent public accountant reasonably satisfactory to the Administrative Agent, and financial statements
for any Fiscal Quarters ended within the Fiscal Year to date prepared by management of the Acquired Business (which shall be certified
by the chief financial officer or treasurer (or manager or member holding performing similar roles) of the Acquired Business as
fairly presenting in all material respects the consolidated financial condition of the Acquired Business and its subsidiaries
as of such dates and the consolidated results of operations for such periods in conformity with GAAP consistently applied subject
to year-end audit adjustments and the absence of footnotes in the case of the statements), or (B) a quality of earnings report
or other due diligence report on the Acquired Business from a third party reasonably acceptable to the Administrative Agent, which
report shall be in form and detail reasonably satisfactory to the Administrative Agent;

 

    	24

    	 

    

 

(e)
if a new Subsidiary is formed or acquired as a result of or in connection with such Acquisition, the Parent shall have caused
such Subsidiary to join as a Guarantor within ten (10) business days of the Acquisition as provided for in Sections 6.10
and 6.11 in connection therewith; and

 

(f)
the aggregate cash and non-cash consideration (including any assumption of Indebtedness, deferred purchase price and any earn-out
obligations (in the case of earn-out obligations, included only to the extent such earn-out obligations should be recorded as
a liability on the financial statements of the Parent and its Subsidiaries in accordance with GAAP in connection with such Acquisition)
and any equity consideration) paid by the Parent and its Subsidiaries shall not exceed for all Acquisitions occurring in any Fiscal
Year, $40,000,000.

 

“Permitted
Encumbrances” means:

 

(a)
Liens imposed by applicable Law for taxes not yet due or which are being contested in good faith by appropriate proceedings diligently
conducted and with respect to which adequate reserves are being maintained in accordance with GAAP;

 

(b)
statutory Liens of landlords, carriers, warehousemen, mechanics, materialmen and other Liens imposed by applicable Law in the
ordinary course of business for amounts not yet due or which are being contested in good faith by appropriate proceedings and
with respect to which adequate reserves are being maintained in accordance with GAAP;

 

(c)
pledges and deposits made in the ordinary course of business in compliance with workers’ compensation, unemployment insurance
and other applicable social security Laws or regulations;

 

(d)
deposits to secure the performance of bids, trade contracts, leases, statutory obligations, surety and appeal bonds, performance
bonds and other obligations of a like nature, in each case in the ordinary course of business;

 

(e)
judgment and attachment liens not giving rise to a Default or an Event of Default or Liens created by or existing from any litigation
or legal proceeding that are currently being contested in good faith by appropriate proceedings and with respect to which adequate
reserves are being maintained in accordance with GAAP;

 

(f)
customary rights of set-off, revocation, refund or chargeback under deposit agreements or under the Uniform Commercial Code or
common law of banks or other financial institutions where Parent or any of its Subsidiaries maintains deposits (other than deposits
intended as cash collateral) in the ordinary course of business;

 

(g)
easements, zoning restrictions, rights-of-way and similar encumbrances on real property imposed by applicable Law or arising in
the ordinary course of business that do not secure any monetary obligations and do not materially detract from the value of the
affected property or materially interfere with the ordinary conduct of business of the Parent and its Subsidiaries taken as a
whole; and

 

    	25

    	 

    

 

(h)
any interest of title of a lessor under, and Liens arising from Uniform Commercial Code financing statements (or equivalent filings,
registrations or agreements in foreign jurisdictions) relating to, leases permitted by this Agreement;

 

provided,
that the term “Permitted Encumbrances” shall not include any Lien securing Indebtedness.

 

“Permitted
Tax Distributions” means cash distributions made by the Borrower (with respect to any period for which the Borrower
is a limited liability company, partnership or S corporation) to the holders of its Capital Stock to provide such holders with
funds to pay any federal, state or local income (or similar) taxes attributable to such holders’ ownership interest in the
Borrower, including pursuant to the Tax Receivable Agreement. Such distributions shall be made to such holders on an equal basis
per unit of Capital Stock based upon the tax rate of the holder of such Capital Stock having the highest tax rate.

 

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

 

“Personal
Information” means (a) all information that could reveal the identity of any natural Person; and (b) all other information
regarding natural Persons, the collection, use, or disclosure of which is subject to the requirement of Healthcare Laws, including
without limitation information regarding patient care or payment for patient care.

 

“Plan”
means any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section
412 of the Code or Section 302 of ERISA, and in respect of which the Parent or any ERISA Affiliate is (or, if such plan were terminated,
would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA.

 

“Platform”
has the meaning specified in Section 6.01.

 

“Pro
Forma Basis” means, for purposes of calculating compliance with respect to any Disposition, Recovery Event, Permitted
Acquisition, Restricted Payment, increase in the Aggregate Revolving Commitments or incurrence of an Incremental Term Loan pursuant
to Section 2.16 or incurrence of Indebtedness, or any other transaction subject to calculation on a “Pro Forma Basis”
as indicated herein, that such transaction shall be deemed to have occurred as of the first day of the period of four (4) Fiscal
Quarters most recently ended for which the Parent has delivered financial statements pursuant to Section 6.01(a) or (b).
For purposes of any such calculation in respect of any Permitted Acquisition, (a) income statement and cash flow statement items
attributable to the Person or property subject to such Permitted Acquisition shall be included in Consolidated EBITDA to the extent
such items are included in such income statement and cash flow statement items of the Parent and its Subsidiaries in accordance
with the definition of “Consolidated EBITDA” set forth in Section 1.01; (b) any Indebtedness incurred or assumed
by the Parent or any Subsidiary (including the Person or property acquired) in connection with such transaction and any Indebtedness
of the Person or property acquired which is not retired in connection with such transaction (i) shall be deemed to have been incurred
as of the first day of the applicable period and (ii) if such Indebtedness has a floating or formula rate, shall have an implied
rate of interest for the applicable period for purposes of this definition determined by utilizing the rate which is or would
be in effect with respect to such Indebtedness as at the relevant date of determination; and (c) Consolidated Capital Expenditures
attributable to the Person or property acquired shall be included beginning as of the first day of the applicable period.

 

“Pro
Forma Budget” shall have the meaning set forth in Section 6.01(d).

 

    	26

    	 

    

 

“Pro
Forma Compliance Certificate” means a certificate of a Responsible Officer of the Parent containing (a) reasonably detailed
calculations of the financial covenants set forth in Section 7.20 recomputed as of the end of the period of the four (4)
Fiscal Quarters most recently ended for which the Parent has delivered financial statements pursuant to Section 6.01(a)
or (b) after giving effect to the applicable transaction on a Pro Forma Basis and (b) if delivered in connection with any
Permitted Acquisition, certifications that clauses (a) through (h) of the definition of “Permitted Acquisition”
have been satisfied (or will be satisfied in the time permitted under this Agreement).

 

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

 

“Public
Lender” has the meaning specified in Section 6.01.

 

“QFC”
has the meaning specified in Section 11.21.

 

“QFC
Credit Support” has the meaning specified in Section 11.21.

 

“Qualified
Acquisition” means a Permitted Acquisition with aggregate consideration of at least $20,000,000; provided, that,
for any such Permitted Acquisition to qualify as a Qualified Acquisition, a Responsible Officer of the Borrower shall have delivered
to the Administrative Agent a certificate (any such certificate, a “Qualified Acquisition Notice”) on or prior
to the consummation of such Permitted Acquisition, (x) certifying that the Permitted Acquisition meets the criteria set forth
before the proviso above and (y) notifying the Administrative Agent that the Borrower has elected to treat such Permitted Acquisition
as a Qualified Acquisition.

 

“Qualified
Acquisition Notice” has the meaning specified in the definition of “Qualified Acquisition”.

 

“Qualified
Acquisition Pro Forma Determination” means, to the extent required in connection with determining the permissibility
of any Permitted Acquisition that constitutes a Qualified Acquisition, the determination required by clause (c)(iii) in
the definition of “Permitted Acquisition”.

 

“Qualified
ECP Guarantor” means, at any time, each Loan Party with total assets exceeding $10,000,000 or that qualifies at such
time as an “eligible contract participant” under the Commodity Exchange Act and can cause another Person to qualify
as an “eligible contract participant” at such time under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.

 

“Quarterly
Statutory Statement” means the quarterly statutory financial statement of an Insurance Subsidiary required to be filed
with the Applicable Department of Insurance.

 

“Recipient”
means the Administrative Agent, any Lender, the L/C Issuer or any other recipient of any payment to be made by or on account of
any obligation of any Loan Party hereunder.

 

“Recovery
Event” means any loss of, damage to or destruction of, or any condemnation or other taking for public use of, any property
of the Parent or any Subsidiary.

 

“Register”
has the meaning specified in Section 11.06(c).

 

“Regulation
D” means Regulation D of the Board of Governors of the Federal Reserve System, as the same may be in effect from time
to time, and any successor regulations.

 

    	27

    	 

    

 

“Regulation
T” means Regulation T of the Board of Governors of the Federal Reserve System, as the same may be in effect from time
to time, and any successor regulations.

 

“Regulation
U” means Regulation U of the Board of Governors of the Federal Reserve System, as the same may be in effect from time
to time, and any successor regulations.

 

“Regulation
X” means Regulation X of the Board of Governors of the Federal Reserve System, as the same may be in effect from time
to time, and any successor regulations.

 

“Regulation
Y” means Regulation Y of the Board of Governors of the Federal Reserve System, as the same may be in effect from time
to time, and any successor regulations.

 

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

 

“Release”
means any release, spill, emission, leaking, dumping, injection, pouring, deposit, disposal, discharge, dispersal, leaching or
migration into the environment (including ambient air, surface water, groundwater, land surface or subsurface strata) or within
any building, structure, facility or fixture.

 

“Request
for Credit Extension” means (a) with respect to a Borrowing, conversion or continuation of Loans, a Loan Notice, (b)
with respect to an L/C Credit Extension, a Letter of Credit Application, and (c) with respect to a Swingline Loan, a Swingline
Loan Notice.

 

“Required
Lenders” means, at any time, Lenders having Total Credit Exposures representing more than 50% of the Total Credit Exposures
of all Lenders. The Total Credit Exposure of any Defaulting Lender shall be disregarded in determining Required Lenders at any
time; provided that the amount of any participation in any Swingline Loan and Unreimbursed Amounts that such Defaulting
Lender has failed to fund that have not been reallocated to and funded by another Lender shall be deemed to be held by the Lender
that is the Swingline Lender or L/C Issuer, as the case may be, in making such determination.

 

“Resignation
Effective Date” has the meaning specified in Section 9.06.

 

“Responsible
Officer” means the chief executive officer, president, chief financial officer, treasurer, assistant treasurer or controller
of a Loan Party, and, solely for purposes of the delivery of incumbency certificates, the secretary or any assistant secretary
of a Loan Party and, solely for purposes of notices given pursuant to Article II, any other officer or employee of the
applicable Loan Party so designated by any of the foregoing officers in a notice to the Administrative Agent or any other officer
or employee of the applicable Loan Party designated in or pursuant to an agreement between the applicable Loan Party and the Administrative
Agent. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed
to have been authorized by all necessary corporate, limited liability company, partnership and/or other action on the part of
such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. To the
extent requested by the Administrative Agent, each Responsible Officer will provide an incumbency certificate and appropriate
authorization documentation, in form and substance reasonably satisfactory to the Administrative Agent.

 

    	28

    	 

    

 

“Restricted
Payment” means any dividend or other distribution (whether in cash, securities or other property) with respect to any
Capital Stock of any Person, or any payment (whether in cash, securities or other property), including any sinking fund or similar
deposit, on account of the purchase, redemption, retirement, defeasance, acquisition, cancellation or termination of any such
Capital Stock or on account of any return of capital to such Person’s stockholders, partners or members (or the equivalent
Person thereof), or any option, warrant or other right to acquire any such dividend or other distribution or payment.

 

“Revolving
Commitment” means, as to each Lender, its obligation to (a) make Revolving Loans to the Borrower pursuant to Section
2.01, (b) purchase participations in L/C Obligations, and (c) purchase participations in Swingline Loans, in an aggregate
principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule
2.01 or in the Assignment and Assumption or other documentation pursuant to which such Lender becomes a party hereto, as applicable
as such amount may be adjusted from time to time in accordance with this Agreement. Revolving Commitments shall include any Incremental
Revolving Commitment.

 

“Revolving
Credit Exposure” means, as to any Lender at any time, the aggregate principal amount at such time of its outstanding
Revolving Loans and such Lender’s participation in L/C Obligations and Swingline Loans at such time.

 

“Revolving
Loan” has the meaning specified in Section 2.01(a).

 

“S&P”
means Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw Hill Companies, Inc. and any successor thereto.

 

“Sanctioned
Country” means, at any time, a country or territory that is, or whose government is, the subject or target of any Sanctions.

 

“Sanctioned
Person” means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by
OFAC, the U.S. Department of State, the United Nations Security Council, the European Union or any European Union member state,
(b) any Person located, organized or resident in a Sanctioned Country or (c) any Person controlled by any such Person.

 

“Sanctions”
means economic or financial sanctions or trade embargoes administered or enforced from time to time by (a) the U.S. government,
including those administered by OFAC or the U.S. Department of State, (b) the United Nations Security Council, the European Union
or Her Majesty’s Treasury of the United Kingdom, or (c) any other relevant sanctions authority.

 

“SAP”
means, as to an Insurance Subsidiary, the statutory accounting practices prescribed or permitted by the Applicable Insurance Regulatory
Authority for the preparation of its financial statements and other reports by insurance corporations of the same type as such
Insurance Subsidiary in effect on the date such statements or reports are to be prepared.

 

“Scheduled Unavailability Date”
has the meaning specified in Section 3.03(c).

 

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

 

“Secured
Cash Management Agreement” means any Cash Management Agreement that is entered into by and between any Loan Party or
any Subsidiary (excluding any Insurance Subsidiary) and any Cash Management Bank with respect to such Cash Management Agreement.
For the avoidance of doubt, a holder of Obligations in respect of Secured Cash Management Agreements shall be subject to the last
paragraph of Section 8.03 and Section 9.11.

 

    	29

    	 

    

 

“Secured
Hedge Agreement” means any Hedging Transaction that is entered into by and between any Loan Party or any Subsidiary
(excluding any Insurance Subsidiary) and any Hedge Bank with respect to such Hedging Transaction. For the avoidance of doubt,
a holder of Obligations in respect of Secured Hedge Agreements shall be subject to the last paragraph of Section 8.03 and
Section 9.11.

 

“Secured
Party Designation Notice” means a notice from any Lender or an Affiliate of a Lender substantially in the form of Exhibit
1.01.

 

“Security
Agreement” means the security and pledge agreement, dated as of the Closing Date, executed in favor of the Administrative
Agent for the benefit of the holders of the Obligations by each of the Loan Parties.

 

“Social
Security Act” means the Social Security Act of 1965.

 

“Solvent”
or “Solvency” means, with respect to the Loan Parties on a particular date, that on such date (a) the present
fair saleable value of the property and assets of the Loan Parties and their Subsidiaries, on a consolidated basis, is greater
than the total amount of liabilities, including subordinated and contingent liabilities, of the Loan Parties and their Subsidiaries,
on a consolidated basis; (b) the present fair saleable value of the property and assets of the Loan Parties and their Subsidiaries,
on a consolidated basis, is not less than the amount that will be required to pay the probable liability of the Loan Parties and
their Subsidiaries, on a consolidated basis, on their debts and liabilities, including subordinated and contingent liabilities,
as they become absolute and matured; (c) the Loan Parties do not intend to, and the Loan Parties do not believe that they will,
on a consolidated basis, incur debts or liabilities beyond their ability to pay as such debts and liabilities mature; and (d)
the Loan Parties and their Subsidiaries, on a consolidated basis do not have unreasonably small capital with which to conduct
the businesses in which they are engaged as such businesses are now conducted and are proposed to be conducted. The amount of
contingent liabilities (such as litigation, guaranties and pension plan liabilities) at any time shall be computed as the amount
that, in light of all the facts and circumstances existing at the time, represents the amount that would reasonably be expected
to become an actual or matured liability.

 

“Specified
Loan Party” means any Loan Party that is not then an “eligible contract participant” under the Commodity
Exchange Act (determined prior to giving effect to Section 10.08).

 

“Specified
Transaction” means any Acquisition, any Disposition, any Investment, any incurrence of Indebtedness, any Restricted
Payment or any other event that by the terms of the Loan Documents requires compliance on a Pro Forma Basis with a test or covenant,
calculation as to Pro Forma Effect with respect to a test or covenant or requires such test or covenant to be calculated on a
Pro Forma Basis.

 

“Subsidiary”
of a Person means a corporation, partnership, joint venture, limited liability company or other business entity of which a majority
of the shares of Voting Stock is at the time beneficially owned, or the management of which is otherwise controlled, directly,
or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise specified, all references herein to
a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Borrower.

 

“Supported
QFC” has the meaning specified in Section 11.21.

 

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

 

    	30

    	 

    

 

“Swingline
Lender” means Bank of America in its capacity as provider of Swingline Loans, or any successor Swingline lender hereunder.

 

“Swingline
Loan” has the meaning specified in Section 2.04(a).

 

“Swingline
Loan Notice” means a notice of a Borrowing of Swingline Loans pursuant to Section 2.04(b), which shall be substantially
in the form of Exhibit 2.04 or such other form as approved by the Administrative Agent (including any form on an electronic
platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed
by a Responsible Officer of the Borrower.

 

“Swingline
Sublimit” means an amount equal to the lesser of (a) $5,000,000 and (b) the Aggregate Revolving Commitments. The Swingline
Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments. As of the Closing Date, the Swingline Sublimit
is set forth on Schedule 2.01.

 

“Synthetic
Lease” means a lease transaction under which the parties intend that (a) the lease will be treated as an “operating
lease” by the lessee pursuant to Accounting Standards Codification Sections 840-10 and 840-20, as amended and (b) the lessee
will be entitled to various tax and other benefits ordinarily available to owners (as opposed to lessees) of like property.

 

“Synthetic
Lease Obligations” means, with respect to any Person, the sum of (a) all remaining rental obligations of such Person
as lessee under Synthetic Leases which are attributable to principal and, without duplication, (b) all rental and purchase price
payment obligations of such Person under such Synthetic Leases assuming such Person exercises the option to purchase the lease
property at the end of the lease term.

 

“Tax
Receivable Agreement” means that certain Tax Receivable Agreement, dated as of February 13, 2013, among Parent, Borrower
and the Series B Members of the Borrower that are signatories thereto.

 

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

 

“Term
A-1 Loan” has the meaning specified in Section 2.01(b) and includes any Incremental Term Loan increasing such
Term A-1 Loan.

 

“Term
A-1 Loan Commitment” means, as to each Lender, its obligation to make its portion of the Term A-1 Loan to the Borrower
pursuant to Section 2.01(b), in the principal amount set forth opposite such Lender’s name on Schedule 2.01.
The aggregate principal amount of the Term A-1 Loan Commitments of all of the Lenders as in effect on the Closing Date is $150,000,000.

 

“Term
Loans” means the Term A-1 Loan, and includes any Incremental Term Loan. “Total Credit Exposure” means,
as to any Lender at any time, the unused Commitments of such Lender at such time, the Outstanding Amount of all Loans of such
Lender at such time and such Lender’s participation in L/C Obligations and Swingline Loans at such time.

 

“Total
Revolving Outstandings” means the aggregate Outstanding Amount of all Revolving Loans, all Swingline Loans and all L/C
Obligations.

 

    	31

    	 

    

 

“Trading
with the Enemy Act” means the Trading with the Enemy Act of the United States of America (50 U.S.C. App. §§
1 et seq.), as amended and in effect from time to time.

 

“Type”
means, with respect to any Loan, its character as a Base Rate Loan or a Eurodollar Rate Loan.

 

“UCP”
means, with respect to any Letter of Credit, the Uniform Customs and Practice for Documentary Credits, International Chamber of
Commerce (“ICC”) Publication No. 600 (or such later version thereof as may be in effect at the time of issuance).

 

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

 

“Unreimbursed
Amount” has the meaning specified in Section 2.03(c)(i).

 

“Unused
Revolving Commitment Fee” has the meaning specified in Section 2.09(a). “U.S. Person” means
any Person that is a “United States Person” as defined in Section 7701(a)(30) of the Internal Revenue Code.

 

“U.S.
Special Resolution Regimes” has the meaning specified in Section 11.21.

 

“U.S.
Tax Compliance Certificate” has the meaning specified in Section 3.01(e)(ii)(B)(3).

 

“Voting
Stock” means, with respect to any Person, Capital Stock issued by such Person the holders of which are ordinarily, in
the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such
Person, even though the right so to vote has been suspended by the happening of such a contingency.

 

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

 

“Withdrawal
Liability” means liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer
Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA “Write-Down and Conversion Powers”
means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from
time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described
in the EU Bail-In Legislation Schedule.

 

    	32

    	 

    

 

1.02
Other Interpretive Provisions.

 

With
reference to this Agreement and each other Loan Document, unless otherwise specified herein or in such other Loan Document:

 

(a)
The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context
may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,”
“includes” and “including” shall be deemed to be followed by the phrase “without limitation.”
The word “will” shall be construed to have the same meaning and effect as the word “shall.”
Unless the context requires otherwise, (i) any definition of or reference to any agreement, instrument or other document (including
any Loan Document or Organization Document) shall be construed as referring to such agreement, instrument or other document as
from time to time amended, amended and restated, modified, extended, restated, replaced or supplemented from time to time (subject
to any restrictions on such amendments, supplements or modifications set forth herein or in any other Loan Document), (ii) any
reference herein to any Person shall be construed to include such Person’s successors and assigns, (iii) the words “hereto,”
“herein,” “hereof” and “hereunder,” and words of similar import when
used in any Loan Document, shall be construed to refer to such Loan Document in its entirety and not to any particular provision
thereof, (iv) all references in a Loan Document to Articles, Sections, Preliminary Statements, Exhibits and Schedules shall be
construed to refer to Articles and Sections of, Preliminary Statements of and Exhibits and Schedules to, the Loan Document in
which such references appear, (v) any reference to any Law shall include all statutory and regulatory rules, regulations, orders
and provisions consolidating, amending, replacing or interpreting such Law and any reference to any Law or regulation shall, unless
otherwise specified, refer to such Law or regulation as amended, modified, extended, restated, replaced or supplemented from time
to time, and (vi) the words “asset” and “property” shall be construed to have the same meaning
and effect and to refer to any and all assets and properties, tangible and intangible, real and personal, including cash, securities,
accounts and contract rights.

 

(b)
In the computation of periods of time from a specified date to a later specified date, the word “from” means
“from and including;” the words “to” and “until” each mean “to
but excluding;” and the word “through” means “to and including.”

 

(c)
Section headings herein and in the other Loan Documents are included for convenience of reference only and shall not affect the
interpretation of this Agreement or any other Loan Document.

 

(d)
Any reference herein to a merger, transfer, consolidation, amalgamation, assignment, sale or disposition, or similar term, shall
be deemed to apply to a division of or by a limited liability company, or an allocation of assets to a series of a limited liability
company (or the unwinding of such a division or allocation), as if it were a merger, transfer, consolidation, amalgamation, assignment,
sale or disposition, or similar term, as applicable, to, of or with a separate Person. Any division of a limited liability company
shall constitute a separate Person hereunder (and each division of any limited liability company that is a Subsidiary, joint venture
or any other like term shall also constitute such a Person or entity).

 

1.03
Accounting Terms.

 

(a)
Generally. All accounting terms not specifically or completely defined herein shall be construed in conformity with, and
all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement
shall be prepared in conformity with, GAAP applied on a consistent basis, as in effect from time to time, applied in a manner
consistent with that used in preparing the Parent’s Annual Report on Form 10-K for the Fiscal Year ended December 31, 2018,
except as otherwise specifically prescribed herein. Notwithstanding the foregoing, for purposes of determining compliance with
any covenant (including the computation of any financial covenant) contained herein, Indebtedness of the Loan Parties and their
Subsidiaries shall be deemed to be carried at 100% of the outstanding principal amount thereof, and the effects of FASB ASC 825
on financial liabilities shall be disregarded.

 

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(b)
Changes in GAAP. If at any time any change in GAAP (including the adoption of IFRS) would affect the computation of any
financial ratio or requirement or covenant set forth in any Loan Document, and either the Borrower or the Required Lenders shall
so request, the Administrative Agent, the Lenders and the Borrower shall negotiate in good faith to amend such ratio or requirement
to preserve the original intent thereof in light of such change in GAAP (subject to the approval of the Required Lenders); provided
that, until so amended, (i) such ratio or requirement or covenant shall continue to be computed in accordance with GAAP prior
to such change therein and (ii) the Borrower shall provide to the Administrative Agent and the Lenders financial statements and
other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations
of such ratio or requirement made before and after giving effect to such change in GAAP. Without limiting the foregoing, leases
shall continue to be classified and accounted for on a basis consistent with that reflected in the financial statements for the
Fiscal Year ended December 31, 2016 for all purposes of this Agreement, notwithstanding any change in GAAP relating thereto, unless
the parties hereto shall enter into a mutually acceptable amendment addressing such changes, as provided for above.

 

(c)
Calculations. Notwithstanding the above, the parties hereto acknowledge and agree that all calculations of the financial
covenants in Section 7.20 (including for purposes of determining the Applicable Rate) shall be made on a Pro Forma Basis
with respect to (i) any Disposition of all of the Capital Stock of, or all or substantially all of the assets of, a Subsidiary,
(ii) any Disposition of a line of business or division of any Loan Party or Subsidiary, or (iii) any Acquisition or Recovery Event,
in each case, occurring during the applicable period.

 

1.04
Rounding.

 

Any
financial ratios required to be maintained by the Borrower pursuant to this Agreement shall be calculated by dividing the appropriate
component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed
herein and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number).

 

1.05
Times of Day; Rates.

 

Unless
otherwise specified, all references herein to times of day shall be references to Eastern time (daylight or standard, as applicable).
The Administrative Agent does not warrant, nor accept responsibility, nor shall the Administrative Agent have any liability with
respect to the administration, submission or any other matter related to the rates in the definition of “Eurodollar Rate”
or with respect to any rate that is an alternative or replacement for or successor to any of such rate (including, without limitation,
any LIBOR Successor Rate) or the effect of any of the foregoing, or of any LIBOR Successor Rate Conforming Changes.

 

1.06
Letter of Credit Amounts.

 

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

 

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1.07
Rules of Interpretation with Respect to the Insurance Subsidiaries.

 

Should
an applicable Governmental Authority notify any Loan Party of a potentially actionable issue or concern related to control of
any Insurance Subsidiary on the basis that the Administrative Agent or any Lender is potentially a control person or determine
that the Administrative Agent or any Lender is acting as a control person, in each case as defined or used under applicable Laws,
of such Insurance Subsidiary due to one or more provisions of this Agreement, the parties agree to promptly further negotiate
in good faith to modify this Agreement such that the Administrative Agent or such Lender is not considered by such Governmental
Authority to be a control person of such Insurance Subsidiary and to effect the original intent of the parties as closely as possible
in order that the transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible.

 

1.08
Limited Condition Acquisitions.

 

It
is understood and agreed that, notwithstanding anything to the contrary in this Agreement, if the proceeds of any Incremental
Term Facility are being used to finance a Limited Condition Acquisition, and the Borrower has obtained commitments of Lenders
to fund such Incremental Term Facility (“Incremental Financing Commitments”), then (i) the conditions set forth
in Section 2.16(b), Section 2.16(d), Section 4.02(a), Section 4.02(b), and clauses (c)(i) and
(c)(ii) in the definition of “Permitted Acquisition” shall be limited as follows, if and to the extent such
Lenders so agree in their Incremental Financing Commitments: (A) the conditions set forth in Section 2.16(d), Section
4.02(a) and clause (c)(ii) of the definition of “Permitted Acquisition” shall be limited such that the
only representations and warranties the accuracy of which shall be a condition to the availability of such Incremental Term Facility
shall be (1) customary “specified representations”, and (2) such representations and warranties under the definitive
agreement governing such Limited Condition Acquisition (the “Limited Condition Acquisition Agreement”) as entitle
the applicable Loan Party (or the applicable Subsidiary) to terminate its obligations under such Limited Condition Acquisition
Agreement or decline to consummate such Limited Condition Acquisition, in each case, without paying any penalty or compensation
to the other party or incurring liability for breach if such representations and warranties fail to be true and correct, and (B)
the reference in Section 2.16(b), Section 4.02(b) and clause (c)(i) in the definition of “Permitted
Acquisition” to no Default or no Event of Default, as applicable, means (1) no Default or no Event of Default, as applicable,
shall have occurred and be continuing at the time of the execution of the Limited Condition Acquisition Agreement, and (2) no
Event of Default under Section 8.01(a), 8.01(b), 8.01(g), 8.01(h) or 8.01(i) shall have occurred
and be continuing at the time of the funding of such Incremental Term Facility in connection with the consummation of such Limited
Condition Acquisition, and (ii) for purposes of determining whether the conditions set forth in Section 2.16(c) or clause
(c)(iii) in the definition of “Permitted Acquisition” have been satisfied in connection with such Limited Condition
Acquisition, at the option of the Borrower (the Borrower’s election to exercise such option in connection with any Limited
Condition Acquisition, a “LCA Election”), the date of determination of whether any such condition has been
satisfied shall be deemed to be the date the definitive agreement governing such Limited Condition Acquisition is executed (the
“LCA Test Date”), and if, for the Limited Condition Acquisition and the funding of such Incremental Term Facility
in connection with the consummation of such Limited Condition Acquisition, the Loan Party or the applicable Subsidiary would have
satisfied such condition on the relevant LCA Test Date, such condition shall be deemed to have been satisfied. If the Borrower
has made a LCA Election for any Limited Condition Acquisition, then in connection with any calculation of any ratio, test or basket
availability with respect to any Specified Transaction (each, a “Subsequent Transaction”) following the relevant
LCA Test Date and prior to the earlier of the date on which such Limited Condition Acquisition is consummated and the date that
the definitive agreement governing such Limited Condition Acquisition is terminated or expires without consummation of such Limited
Condition Acquisition, for purposes of determining whether such Subsequent Transaction is permitted under this Agreement, any
such ratio, test or basket shall be calculated and tested both on (x) a Pro Forma Basis assuming such Limited Condition Acquisition
and the other transactions in connection therewith have been consummated until such time as the applicable Limited Condition Acquisition
has actually closed or the applicable Limited Condition Acquisition Agreement has been terminated or expires without consummation
of such Limited Condition Acquisition, and (y) a standalone basis without giving effect to such Limited Condition Acquisition
and the other transactions in connection therewith. It is understood and agreed that this Section 1.08 shall not limit
the conditions set forth in Section 4.02 or in the definition of “Permitted Acquisition” with respect to any
proposed Borrowing of Revolving Loans or Swingline Loans or any issuance of Letters of Credit, in each case, in connection with
such Limited Condition Acquisition or otherwise.

 

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Article
II.

 

THE
COMMITMENTS AND CREDIT EXTENSIONS

 

2.01
Revolving Loans and Term Loans.

 

(a)
Revolving Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each
such loan, a “Revolving Loan”) to the Borrower in Dollars from time to time on any Business Day during the
Availability Period in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Revolving Commitment;
provided, however, that after giving effect to any Borrowing of Revolving Loans, (i) the Total Revolving Outstandings
shall not exceed the Aggregate Revolving Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such
Lender’s Revolving Commitment. Within the limits of each Lender’s Revolving Commitment, and subject to the other terms
and conditions hereof, the Borrower may borrow under this Section 2.01, prepay under Section 2.05, and reborrow
under this Section 2.01. Revolving Loans may be Base Rate Loans or Eurodollar Rate Loans, or a combination thereof, as
further provided herein.

 

(b)
Term A-1 Loan. Subject to the terms and conditions set forth herein, each Lender severally agrees to make its portion of
a term loan (the “Term A-1 Loan”) to the Borrower in Dollars on the Closing Date in an amount not to exceed
such Lender’s Term A-1 Loan Commitment. Amounts repaid on the Term A-1 Loan may not be reborrowed. The Term A-1 Loan may
consist of Base Rate Loans or Eurodollar Rate Loans, or a combination thereof, as further provided herein.

 

2.02
Borrowings, Conversions and Continuations of Loans.

 

(a)
Each Borrowing, each conversion of Loans from one Type to the other, and each continuation of Eurodollar Rate Loans shall be made
upon the Borrower’s irrevocable notice to the Administrative Agent, which may be given by (A) telephone, or (B) a Loan Notice;
provided that any telephonic notice must be confirmed immediately by delivery to the Administrative Agent of a Loan Notice.
Each such Loan Notice must be received by the Administrative Agent not later than 11:00 a.m. (i) three Business Days prior to
the requested date of any Borrowing of, conversion to or continuation of, Eurodollar Rate Loans or of any conversion of Eurodollar
Rate Loans to Base Rate Loans, and (ii) on the requested date of any Borrowing of Base Rate Loans. Each Borrowing of, conversion
to or continuation of Eurodollar Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess
thereof (or, in connection with any conversion or continuation of a Term Loan, if less, the entire principal thereof then outstanding).
Except as provided in Sections 2.03(c) and 2.04(c), each Borrowing of or conversion to Base Rate Loans shall be
in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, in connection with any conversion or
continuation of a Term Loan, if less, the entire principal thereof then outstanding). Each Loan Notice shall specify (i) whether
the Borrower is requesting a Borrowing, a conversion of Loans from one Type to the other, or a continuation of Eurodollar Rate
Loans, (ii) the requested date of the Borrowing, conversion or continuation, as the case may be (which shall be a Business Day),
(iii) the principal amount of Loans to be borrowed, converted or continued, (iv) the Type of Loans to be borrowed or to which
existing Loans are to be converted, and (v) if applicable, the duration of the Interest Period with respect thereto. If the Borrower
fails to specify a Type of Loan in a Loan Notice or if the Borrower fails to give a timely notice requesting a conversion or continuation,
then the applicable Loans shall be made as, or converted to, Base Rate Loans. Any such automatic conversion to Base Rate Loans
shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Eurodollar Rate Loans.
If the Borrower requests a Borrowing of, conversion to, or continuation of Eurodollar Rate Loans in any Loan Notice, but fails
to specify an Interest Period, it will be deemed to have specified an Interest Period of one month.

 

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(b)
Following receipt of a Loan Notice, the Administrative Agent shall promptly notify each Lender of the amount of its Applicable
Percentage of the applicable Loans, and if no timely notice of a conversion or continuation is provided by the Borrower, the Administrative
Agent shall notify each Lender of the details of any automatic conversion to Base Rate Loans described in the preceding subsection.
In the case of a Borrowing, each Lender shall make the amount of its Loan available to the Administrative Agent in immediately
available funds at the Administrative Agent’s Office not later than 1:00 p.m. on the Business Day specified in the applicable
Loan Notice. Upon satisfaction of the applicable conditions set forth in Section 4.02 (and, if such Borrowing is the initial
Credit Extension, Section 4.01), the Administrative Agent shall make all funds so received available to the Borrower in
like funds as received by the Administrative Agent either by (i) crediting the account of the Borrower on the books of Bank of
America with the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided
to (and reasonably acceptable to) the Administrative Agent by the Borrower; provided, however, that if, on the date
the Loan Notice with respect to a Borrowing of Revolving Loans is given by the Borrower, there are L/C Borrowings outstanding,
then the proceeds of such Borrowing, first, shall be applied to the payment in full of any such L/C Borrowings and second,
shall be made available to the Borrower as provided above.

 

(c)
Except as otherwise provided herein, a Eurodollar Rate Loan may be continued or converted only on the last day of the Interest
Period for such Eurodollar Rate Loan. During the existence of an Event of Default, no Loans may be requested as, converted to
or continued as Eurodollar Rate Loans without the consent of the Required Lenders, and the Required Lenders may demand that any
or all of the outstanding Eurodollar Rate Loans be converted immediately to Base Rate Loans.

 

(d)
Each determination of an interest rate by the Administrative Agent pursuant to any provision of this Agreement shall be conclusive
and binding on the Borrower and the Lenders in the absence of manifest error.

 

(e)
After giving effect to all Borrowings, all conversions of Loans from one Type to the other, and all continuations of Loans as
the same Type, there shall not be more than ten Interest Periods in effect.

 

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(f)
Notwithstanding anything to the contrary in this Agreement, any Lender may exchange, continue or rollover all or a portion of
its Loans in connection with any refinancing, extension, loan modification or similar transaction permitted by the terms of this
Agreement, pursuant to a cashless settlement mechanism approved by the Borrower, the Administrative Agent and such Lender.

 

(g)
This Section 2.02 shall not apply to Swingline Loans.

 

2.03
Letters of Credit.

 

(a)
The Letter of Credit Commitment.

 

(i)
Subject to the terms and conditions set forth herein, (A) the L/C Issuer agrees, in reliance upon the agreements of the Lenders
set forth in this Section 2.03, (1) from time to time on any Business Day during the period from the Closing Date until
the Letter of Credit Expiration Date, to issue Letters of Credit in Dollars for the account of the Borrower or any of its Subsidiaries,
and to amend or extend Letters of Credit previously issued by it, in accordance with subsection (b) below, and (2) to honor drawings
under the Letters of Credit; and (B) the Lenders severally agree to participate in Letters of Credit issued for the account of
the Borrower or its Subsidiaries and any drawings thereunder; provided that after giving effect to any L/C Credit Extension
with respect to any Letter of Credit, (x) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments,
(y) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment and (z) the Outstanding
Amount of the L/C Obligations shall not exceed the Letter of Credit Sublimit. Each request by the Borrower for the issuance or
amendment of a Letter of Credit shall be deemed to be a representation by the Borrower that the L/C Credit Extension so requested
complies with the conditions set forth in the proviso to the preceding sentence. Within the foregoing limits, and subject to the
terms and conditions hereof, the Borrower’s ability to obtain Letters of Credit shall be fully revolving, and accordingly
the Borrower may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit that have expired or that
have been drawn upon and reimbursed.

 

(ii) The L/C Issuer shall not issue any Letter of Credit if:

 

(A)
subject to Section 2.03(b)(iii), the expiry date of the requested Letter of Credit would occur more than twelve months
after the date of issuance or last extension, unless the Lenders (other than Defaulting Lenders) holding a majority of the Revolving
Credit Exposure have approved such expiry date; or

 

(B)
the expiry date of such requested Letter of Credit would occur after the Letter of Credit Expiration Date, unless all the Lenders
that have Revolving Commitments have approved such expiry date.

 

(iii)
The L/C Issuer shall not be under any obligation to issue any Letter of Credit if:

 

(A)
any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain the
L/C Issuer from issuing such Letter of Credit, or any Law applicable to the L/C Issuer or any request or directive (whether or
not having the force of Law) from any Governmental Authority with jurisdiction over the L/C Issuer shall prohibit, or request
that the L/C Issuer refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall
impose upon the L/C Issuer with respect to such Letter of Credit any restriction, reserve or capital requirement (for which the
L/C Issuer is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon the L/C Issuer any
unreimbursed loss, cost or expense which was not applicable on the Closing Date and which the L/C Issuer in good faith deems material
to it;

 

    	38

    	 

    

 

(B)
the issuance of such Letter of Credit would violate one or more policies of the L/C Issuer applicable to letters of credit generally;

 

(C)
except as otherwise agreed by the Administrative Agent and the L/C Issuer, such Letter of Credit is in an initial stated amount
less than $100,000;

 

(D)
such Letter of Credit is to be denominated in a currency other than Dollars;

 

(E)
any Lender is at that time a Defaulting Lender, unless the L/C Issuer has entered into arrangements, including the delivery of
Cash Collateral, satisfactory to the L/C Issuer (in its reasonable discretion) with the Borrower or such Defaulting Lender to
eliminate the L/C Issuer’s actual or potential Fronting Exposure (after giving effect to Section 2.15(b)) with respect
to the Defaulting Lender arising from either the Letter of Credit then proposed to be issued or that Letter of Credit and all
other L/C Obligations as to which the L/C Issuer has actual or potential Fronting Exposure, as it may elect in its reasonable
discretion; or

 

(F)
such Letter of Credit contains any provisions for automatic reinstatement of the stated amount after any drawing thereunder.

 

(iv)
The L/C Issuer shall not amend any Letter of Credit if the L/C Issuer would not be permitted at such time to issue the Letter
of Credit in its amended form under the terms hereof.

 

(v)
The L/C Issuer shall be under no obligation to amend any Letter of Credit if (A) the L/C Issuer would have no obligation at such
time to issue the Letter of Credit in its amended form under the terms hereof, or (B) the beneficiary of the Letter of Credit
does not accept the proposed amendment to the Letter of Credit.

 

(vi)
The L/C Issuer shall act on behalf of the Lenders with respect to any Letters of Credit issued by it and the documents associated
therewith, and the L/C Issuer shall have all of the benefits and immunities (A) provided to the Administrative Agent in Article
IX with respect to any acts taken or omissions suffered by the L/C Issuer in connection with Letters of Credit issued by it
or proposed to be issued by it and Issuer Documents pertaining to such Letters of Credit as fully as if the term “Administrative
Agent” as used in Article IX included the L/C Issuer with respect to such acts or omissions, and (B) as additionally
provided herein with respect to the L/C Issuer.

 

    	39

    	 

    

  

(b)
Procedures for Issuance and Amendment of Letters of Credit; Auto-Extension Letters of Credit.

 

(i)
Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to the L/C Issuer
(with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by
a Responsible Officer of the Borrower. Such Letter of Credit Application may be sent by fax transmission, by United States mail,
by overnight courier, by electronic transmission using the system provided by the L/C Issuer, by personal delivery or by any other
means acceptable to the L/C Issuer. Such Letter of Credit Application must be received by the L/C Issuer and the Administrative
Agent not later than 11:00 a.m. at least two (2) Business Days (or such later date and time as the Administrative Agent and the
L/C Issuer may agree in a particular instance in their reasonable discretion) prior to the proposed issuance date or date of amendment,
as the case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application
shall specify in form and detail satisfactory to the L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit
(which shall be a Business Day); (B) the amount thereof; (C) the expiry date thereof; (D) the name and address of the beneficiary
thereof; (E) the documents to be presented by such beneficiary in case of any drawing thereunder; (F) the full text of any certificate
to be presented by such beneficiary in case of any drawing thereunder; (G) the purpose and nature of the requested Letter of Credit;
and (H) such other matters as the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter
of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the L/C Issuer (A) the Letter of
Credit to be amended; (B) the proposed date of amendment thereof (which shall be a Business Day); (C) the nature of the proposed
amendment; and (D) such other matters as the L/C Issuer may require. Additionally, the Borrower shall furnish to the L/C Issuer
and the Administrative Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment,
including any Issuer Documents, as the L/C Issuer or the Administrative Agent may require.

 

(ii)
Promptly after receipt of any Letter of Credit Application, the L/C Issuer will confirm with the Administrative Agent (by telephone
or in writing) that the Administrative Agent has received a copy of such Letter of Credit Application from the Borrower and, if
not, the L/C Issuer will provide the Administrative Agent with a copy thereof. Unless the L/C Issuer has received written notice
from any Lender, the Administrative Agent or any Loan Party, at least one Business Day prior to the requested date of issuance
or amendment of the applicable Letter of Credit, that one or more applicable conditions contained in Article IV shall not
then be satisfied, then, subject to the terms and conditions hereof, the L/C Issuer shall, on the requested date, issue a Letter
of Credit for the account of the Borrower or the applicable Subsidiary or enter into the applicable amendment, as the case may
be, in each case in accordance with the L/C Issuer’s usual and customary business practices. Immediately upon the issuance
of each Letter of Credit, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from
the L/C Issuer a risk participation in such Letter of Credit in an amount equal to the product of such Lender’s Applicable
Percentage times the amount of such Letter of Credit.

 

    	40

    	 

    

 

(iii)
If the Borrower so requests in any applicable Letter of Credit Application, the L/C Issuer may, in its reasonable discretion,
agree to issue a Letter of Credit that has automatic extension provisions (each, an “Auto-Extension Letter of Credit”);
provided that any such Auto-Extension Letter of Credit must permit the L/C Issuer to prevent any such extension at least once
in each twelve-month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary
thereof not later than a day (the “Non-Extension Notice Date”) in each such twelve-month period to be agreed
upon at the time such Letter of Credit is issued. Unless otherwise directed by the L/C Issuer, the Borrower shall not be required
to make a specific request to the L/C Issuer for any such extension. Once an Auto-Extension Letter of Credit has been issued,
the Lenders shall be deemed to have authorized (but may not require) the L/C Issuer to permit the extension of such Letter of
Credit at any time to an expiry date not later than the Letter of Credit Expiration Date; provided, however, that
the L/C Issuer shall not permit any such extension if (A) the L/C Issuer has determined that it would not be permitted, or would
have no obligation, at such time to issue such Letter of Credit in its revised form (as extended) under the terms hereof (by reason
of the provisions of clause (ii) or (iii) of Section 2.03(a) or otherwise), or (B) it has received notice (which may be
by telephone or in writing) on or before the day that is seven Business Days before the Non-Extension Notice Date (1) from the
Administrative Agent that the Required Lenders have elected not to permit such extension or (2) from the Administrative Agent,
any Lender or the Borrower that one or more of the applicable conditions specified in Section 4.02 is not then satisfied,
and in each case directing the L/C Issuer not to permit such extension.

 

(iv)
Promptly after its delivery of any Letter of Credit or any amendment to a Letter of Credit to an advising bank with respect thereto
or to the beneficiary thereof, the L/C Issuer will also deliver to the Borrower and the Administrative Agent a true and complete
copy of such Letter of Credit or amendment.

 

(c)
Drawings and Reimbursements; Funding of Participations.

 

(i)
Upon receipt from the beneficiary of any Letter of Credit of any notice of drawing under such Letter of Credit, the L/C Issuer
shall notify the Borrower and the Administrative Agent thereof. Not later than 11:00 a.m. on the date of any payment by the L/C
Issuer under a Letter of Credit (each such date, an “Honor Date”), the Borrower shall reimburse the L/C Issuer
through the Administrative Agent in an amount equal to the amount of such drawing. If the Borrower fails to so reimburse the L/C
Issuer by such time, the Administrative Agent shall promptly notify each Lender of the Honor Date, the amount of the unreimbursed
drawing (the “Unreimbursed Amount”), and the amount of such Lender’s Applicable Percentage thereof. In
such event, the Borrower shall be deemed to have requested a Borrowing of Revolving Loans that are Base Rate Loans to be disbursed
on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section
2.02 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Aggregate Revolving
Commitments and the conditions set forth in Section 4.02 (other than the delivery of a Loan Notice). Any notice given by
the L/C Issuer or the Administrative Agent pursuant to this Section 2.03(c)(i) may be given by telephone if immediately
confirmed in writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding
effect of such notice.

 

(ii)
Each Lender shall upon any notice pursuant to Section 2.03(c)(i) make funds available (and the Administrative Agent may
apply Cash Collateral provided for this purpose) for the account of the L/C Issuer at the Administrative Agent’s Office
in an amount equal to its Applicable Percentage of the Unreimbursed Amount not later than 1:00 p.m. on the Business Day specified
in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.03(c)(iii), each Lender that
so makes funds available shall be deemed to have made a Revolving Loan that is a Base Rate Loan to the Borrower in such amount.
The Administrative Agent shall remit the funds so received to the L/C Issuer.

 

    	41

    	 

    

 

(iii)
With respect to any Unreimbursed Amount that is not fully refinanced by a Borrowing of Revolving Loans that are Base Rate Loans
because the conditions set forth in Section 4.02 cannot be satisfied or for any other reason, the Borrower shall be deemed
to have incurred from the L/C Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is not so refinanced, which
L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the Default Rate. In such
event, each Lender’s payment to the Administrative Agent for the account of the L/C Issuer pursuant to Section 2.03(c)(ii)
shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such
Lender in satisfaction of its participation obligation under this Section 2.03.

 

(iv)
Until each Lender funds its Revolving Loan or L/C Advance pursuant to this Section 2.03(c) to reimburse the L/C Issuer
for any amount drawn under any Letter of Credit, interest in respect of such Lender’s Applicable Percentage of such amount
shall be solely for the account of the L/C Issuer.

 

(v)
Each Lender’s obligation to make Revolving Loans or L/C Advances to reimburse the L/C Issuer for amounts drawn under Letters
of Credit, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be affected by any
circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against the
L/C Issuer, any Loan Party or any other Person for any reason whatsoever; (B) the occurrence or continuance of a Default, or (C)
any other occurrence, event or condition, whether or not similar to any of the foregoing; provided, however, that
each Lender’s obligation to make Revolving Loans pursuant to this Section 2.03(c) is subject to the conditions set
forth in Section 4.02 (other than delivery by the Borrower of a Loan Notice). No such making of an L/C Advance shall relieve
or otherwise impair the obligation of the Borrower to reimburse the L/C Issuer for the amount of any payment made by the L/C Issuer
under any Letter of Credit, together with interest as provided herein.

 

(vi)
If any Lender fails to make available to the Administrative Agent for the account of the L/C Issuer any amount required to be
paid by such Lender pursuant to the foregoing provisions of this Section 2.03(c) by the time specified in Section 2.03(c)(ii),
then, without limiting the other provisions of this Agreement, the L/C Issuer shall be entitled to recover from such Lender (acting
through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required
to the date on which such payment is immediately available to the L/C Issuer at a rate per annum equal to the greater of the Federal
Funds Rate and a rate determined by the L/C Issuer in accordance with banking industry rules on interbank compensation, plus any
administrative, processing or similar fees customarily charged by the L/C Issuer in connection with the foregoing. If such Lender
pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender’s Revolving Loan
included in the relevant Borrowing or L/C Advance in respect of the relevant L/C Borrowing, as the case may be. A certificate
of the L/C Issuer submitted to any Lender (through the Administrative Agent) with respect to any amounts owing under this clause
(vi) shall be conclusive absent manifest error.

 

    	42

    	 

    

 

(d)
Repayment of Participations.

 

(i)
At any time after the L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s
L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the
account of the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from
the Borrower or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative
Agent will distribute to such Lender its Applicable Percentage thereof in the same funds as those received by the Administrative
Agent.

 

(ii)
If any payment received by the Administrative Agent for the account of the L/C Issuer pursuant to Section 2.03(c)(i) is
required to be returned under any of the circumstances described in Section 11.05 (including pursuant to any settlement
entered into by the L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of the L/C
Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand
to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect.
The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this
Agreement.

 

(e)
Obligations Absolute. The obligation of the Borrower to reimburse the L/C Issuer for each drawing under each Letter of
Credit and to repay each L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance
with the terms of this Agreement under all circumstances, including the following:

 

(i)
any lack of validity or enforceability of such Letter of Credit, this Agreement or any other Loan Document;

 

(ii)
the existence of any claim, counterclaim, setoff, defense or other right that any Loan Party or any Subsidiary may have at any
time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such
transferee may be acting), the L/C Issuer or any other Person, whether in connection with this Agreement, the transactions contemplated
hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction;

 

(iii)
any draft, demand, certificate or other document presented under such Letter of Credit proving to be forged, fraudulent, invalid
or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in the
transmission or otherwise of any document required in order to make a drawing under such Letter of Credit;

 

(iv)
waiver by the L/C Issuer of any requirement that exists for the L/C Issuer’s protection and not the protection of the Borrower
or any waiver by the L/C Issuer which does not in fact materially prejudice the Borrower;

 

(v)
honor of a demand for payment presented electronically even if such Letter of Credit requires that demand be in the form of a
draft;

 

    	43

    	 

    

 

(vi)
any payment made by the L/C Issuer in respect of an otherwise complying item presented after the date specified as the expiration
date of, or the date by which documents must be received under such Letter of Credit if presentation after such date is authorized
by the UCC, the ISP or the UCP, as applicable;

 

(vii)
any payment by the L/C Issuer under such Letter of Credit against presentation of a draft or certificate that does not strictly
comply with the terms of such Letter of Credit; or any payment made by the L/C Issuer under such Letter of Credit to any Person
purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or
other representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection
with any proceeding under any Debtor Relief Law; or

 

(viii)
any other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any other circumstance
that might otherwise constitute a defense available to, or a discharge of, any Loan Party or any Subsidiary.

 

The
Borrower shall promptly examine a copy of each Letter of Credit and each amendment thereto that is delivered to it and, in the
event of any claim of noncompliance with the Borrower’s instructions or other irregularity, the Borrower will immediately
notify the L/C Issuer. The Borrower shall be conclusively deemed to have waived any such claim against the L/C Issuer and its
correspondents unless such notice is given as aforesaid.

 

(f)
Role of L/C Issuer. Each Lender and the Borrower agree that, in paying any drawing under a Letter of Credit, the L/C Issuer
shall not have any responsibility to obtain any document (other than any sight or time draft, certificates and documents expressly
required by such Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority
of the Person executing or delivering any such document. None of the L/C Issuer, the Administrative Agent, any of their respective
Related Parties nor any correspondent, participant or assignee of the L/C Issuer shall be liable to any Lender for (i) any action
taken or omitted in connection herewith at the request or with the approval of the Lenders or the Required Lenders, as applicable;
(ii) any action taken or omitted in the absence of gross negligence or willful misconduct; or (iii) the due execution, effectiveness,
validity or enforceability of any document or instrument related to any Letter of Credit or Issuer Document. The Borrower hereby
assumes all risks of the acts or omissions of any beneficiary or transferee with respect to its use of any Letter of Credit; provided,
however, that this assumption is not intended to, and shall not, preclude the Borrower from pursuing such rights and remedies
as it may have against the beneficiary or transferee at law or under any other agreement. None of the L/C Issuer, the Administrative
Agent, any of their respective Related Parties nor any correspondent, participant or assignee of the L/C Issuer shall be liable
or responsible for any of the matters described in Section 2.03(e); provided, however, that anything in such
clauses to the contrary notwithstanding, the Borrower may have a claim against the L/C Issuer, and the L/C Issuer may be liable
to the Borrower, to the extent, but only to the extent, of any direct, as opposed to consequential or exemplary, damages suffered
by the Borrower which the Borrower proves, as determined by a final nonappealable judgment of a court of competent jurisdiction,
were caused by the L/C Issuer’s willful misconduct or gross negligence or the L/C Issuer’s willful failure to pay
under any Letter of Credit after the presentation to it by the beneficiary of a sight or time draft and certificate(s) strictly
complying with the terms and conditions of a Letter of Credit. In furtherance and not in limitation of the foregoing, the L/C
Issuer may accept documents that appear on their face to be in order, without responsibility for further investigation, regardless
of any notice or information to the contrary, and the L/C Issuer shall not be responsible for the validity or sufficiency of any
instrument transferring, endorsing or assigning or purporting to transfer, endorse or assign a Letter of Credit or the rights
or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason.
The L/C Issuer may send a Letter of Credit or conduct any communication to or from the beneficiary via the Society for Worldwide
Interbank Financial Telecommunication (“SWIFT”) message or overnight courier, or any other commercially reasonable
means of communicating with a beneficiary.

 

    	44

    	 

    

 

(g)
Applicability of ISP; Limitation of Liability. Unless otherwise expressly agreed by the L/C Issuer and the Borrower when
a Letter of Credit is issued, the rules of the ISP shall apply to each Letter of Credit. Notwithstanding the foregoing, the L/C
Issuer shall not be responsible to the Borrower for, and the L/C Issuer’s rights and remedies against the Borrower shall
not be impaired by, any action or inaction of the L/C Issuer required or permitted under any Law, order, or practice that is required
or permitted to be applied to any Letter of Credit or this Agreement, including the Law or any order of a jurisdiction where the
L/C Issuer or the beneficiary is located, the practice stated in the ISP or UCP, as applicable, or in the decisions, opinions,
practice statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade - International
Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, whether or not any Letter
of Credit chooses such Law or practice.

 

(h)
Letter of Credit Fees. The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance,
subject to Section 2.15, with its Applicable Percentage a Letter of Credit fee (the “Letter of Credit Fee”)
for each Letter of Credit equal to the Applicable Rate times the daily amount available to be drawn under such Letter of
Credit. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter
of Credit shall be determined in accordance with Section 1.06. Letter of Credit Fees shall be (i) due and payable on the
first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after
the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand and (ii) computed on a
quarterly basis in arrears. If there is any change in the Applicable Rate during any quarter, the daily amount available to be
drawn under each Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each period during such
quarter that such Applicable Rate was in effect. Notwithstanding anything to the contrary contained herein, upon the request of
the Required Lenders, while any Event of Default exists, all Letter of Credit Fees shall accrue at the Default Rate.

 

(i)
Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrower shall pay directly to the L/C Issuer
for its own account a fronting fee with respect to each Letter of Credit, at the rate per annum specified in the Fee Letter, computed
on the daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall
be due and payable on the 10 Business Days after the end of each March, June, September and December in respect of the most recently-ended
quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the
issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing
the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in
accordance with Section 1.06. In addition, the Borrower shall pay directly to the L/C Issuer for its own account the customary
issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer relating
to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on
demand and are nonrefundable.

 

    	45

    	 

    

 

(j)
Conflict with Issuer Documents. In the event of any conflict between the terms hereof and the terms of any Issuer Document,
the terms hereof shall control.

 

(k)
Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in
support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer
hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters
of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives
substantial benefits from the businesses of such Subsidiaries.

 

2.04
Swingline Loans.

 

(a)
Swingline Facility. Subject to the terms and conditions set forth herein, the Swingline Lender, in reliance upon the agreements
of the other Lenders set forth in this Section 2.04, shall make loans (each such loan, a “Swingline Loan”)
to the Borrower in Dollars from time to time on any Business Day during the Availability Period in an aggregate amount not to
exceed at any time outstanding the amount of the Swingline Sublimit, notwithstanding the fact that such Swingline Loans, when
aggregated with the Applicable Percentage of the Outstanding Amount of Revolving Loans and L/C Obligations of the Lender acting
as Swingline Lender, may exceed the amount of such Lender’s Revolving Commitment; provided, however, that
(i) after giving effect to any Swingline Loan, (A) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments
and (B) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment, (ii) the Borrower
shall not use the proceeds of any Swingline Loan to refinance any outstanding Swingline Loan and (iii) the Swingline Lender shall
not be under any obligation to make any Swingline Loan if it shall determine (which determination shall be conclusive and binding
absent manifest error) that it has, or by such Credit Extension may have, Fronting Exposure. Within the foregoing limits, and
subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.04, prepay under Section
2.05, and reborrow under this Section 2.04. Each Swingline Loan shall be a Base Rate Loan. Immediately upon the making
of a Swingline Loan, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swingline
Lender a risk participation in such Swingline Loan in an amount equal to the product of such Lender’s Applicable Percentage
times the amount of such Swingline Loan.

 

(b)
Borrowing Procedures. Each Borrowing of Swingline Loans shall be made upon the Borrower’s irrevocable notice to the
Swingline Lender and the Administrative Agent, which may be given by (A) telephone or (B) by a Swingline Loan Notice; provided
that any telephonic notice must be confirmed promptly by delivery to the Swingline Lender and the Administrative Agent of
a Swingline Loan Notice. Each such Swingline Loan Notice must be received by the Swingline Lender and the Administrative Agent
not later than 1:00 p.m. on the requested borrowing date, and shall specify (i) the amount to be borrowed, which shall be a minimum
principal amount of $100,000, and (ii) the requested borrowing date, which shall be a Business Day. Promptly after receipt by
the Swingline Lender of any Swingline Loan Notice, the Swingline Lender will confirm with the Administrative Agent (by telephone
or in writing) that the Administrative Agent has also received such Swingline Loan Notice and, if not, the Swingline Lender will
notify the Administrative Agent (by telephone or in writing) of the contents thereof. Unless the Swingline Lender has received
notice (by telephone or in writing) from the Administrative Agent (including at the request of any Lender) prior to 2:00 p.m.
on the date of the proposed Borrowing of Swingline Loans (A) directing the Swingline Lender not to make such Swingline Loan as
a result of the limitations set forth in the first proviso to the first sentence of Section 2.04(a), or (B) that one or
more of the applicable conditions specified in Article IV is not then satisfied, then, subject to the terms and conditions
hereof, the Swingline Lender will, not later than 3:00 p.m. on the borrowing date specified in such Swingline Loan Notice, make
the amount of its Swingline Loan available to the Borrower.

 

    	46

    	 

    

 

(c)
Refinancing of Swingline Loans.

 

(i)
The Swingline Lender at any time in its sole discretion may request, on behalf of the Borrower (which hereby irrevocably authorizes
the Swingline Lender to so request on its behalf), that each Lender make a Revolving Loan that is a Base Rate Loan in an amount
equal to such Lender’s Applicable Percentage of the amount of Swingline Loans then outstanding. Such request shall be made
in writing (which written request shall be deemed to be a Loan Notice for purposes hereof) and in accordance with the requirements
of Section 2.02, without regard to the minimum and multiples specified therein for the principal amount of Base Rate Loans,
but subject to the unutilized portion of the Aggregate Revolving Commitments and the conditions set forth in Section 4.02.
The Swingline Lender shall furnish the Borrower with a copy of the applicable Loan Notice promptly after delivering such notice
to the Administrative Agent. Each Lender shall make an amount equal to its Applicable Percentage of the amount specified in such
Loan Notice available to the Administrative Agent in immediately available funds (and the Administrative Agent may apply Cash
Collateral available with respect to the applicable Swingline Loan) for the account of the Swingline Lender at the Administrative
Agent’s Office not later than 1:00 p.m. on the day specified in such Loan Notice, whereupon, subject to Section 2.04(c)(ii),
each Lender that so makes funds available shall be deemed to have made a Revolving Loan that is a Base Rate Loan to the Borrower
in such amount. The Administrative Agent shall remit the funds so received to the Swingline Lender.

 

(ii)
If for any reason any Swingline Loan cannot be refinanced by such a Borrowing of Revolving Loans in accordance with Section
2.04(c)(i), the request for Revolving Loans that are Base Rate Loans submitted by the Swingline Lender as set forth herein
shall be deemed to be a request by the Swingline Lender that each of the Lenders fund its risk participation in the relevant Swingline
Loan and each Lender’s payment to the Administrative Agent for the account of the Swingline Lender pursuant to Section
2.04(c)(i) shall be deemed payment in respect of such participation.

 

(iii)
If any Lender fails to make available to the Administrative Agent for the account of the Swingline Lender any amount required
to be paid by such Lender pursuant to the foregoing provisions of this Section 2.04(c) by the time specified in Section
2.04(c)(i), the Swingline Lender shall be entitled to recover from such Lender (acting through the Administrative Agent),
on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment
is immediately available to the Swingline Lender at a rate per annum equal to the greater of the Federal Funds Rate and a rate
determined by the Swingline Lender in accordance with banking industry rules on interbank compensation, plus any administrative,
processing or similar fees customarily charged by the Swingline Lender in connection with the foregoing. If such Lender pays such
amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender’s Revolving Loan included
in the relevant Borrowing or funded participation in the relevant Swingline Loan, as the case may be. A certificate of the Swingline
Lender submitted to any Lender (through the Administrative Agent) with respect to any amounts owing under this clause (iii) shall
be conclusive absent manifest error.

 

    	47

    	 

    

 

(iv)
Each Lender’s obligation to make Revolving Loans or to purchase and fund risk participations in Swingline Loans pursuant
to this Section 2.04(c) shall be absolute and unconditional and shall not be affected by any circumstance, including (A)
any setoff, counterclaim, recoupment, defense or other right that such Lender may have against the Swingline Lender, the Borrower
or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default, or (C) any other occurrence, event
or condition, whether or not similar to any of the foregoing; provided, however, that each Lender’s obligation
to make Revolving Loans pursuant to this Section 2.04(c) is subject to the conditions set forth in Section 4.02
(other than delivery by the Borrower of a Loan Notice). No such funding of risk participations shall relieve or otherwise impair
the obligation of the Borrower to repay Swingline Loans, together with interest as provided herein.

 

(d)
Repayment of Participations.

 

(i)
At any time after any Lender has purchased and funded a risk participation in a Swingline Loan, if the Swingline Lender receives
any payment on account of such Swingline Loan, the Swingline Lender will distribute to such Lender its Applicable Percentage thereof
in the same funds as those received by the Swingline Lender.

 

(ii)
If any payment received by the Swingline Lender in respect of principal or interest on any Swingline Loan is required to be returned
by the Swingline Lender under any of the circumstances described in Section 11.05 (including pursuant to any settlement
entered into by the Swingline Lender in its discretion), each Lender shall pay to the Swingline Lender its Applicable Percentage
thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned,
at a rate per annum equal to the Federal Funds Rate. The Administrative Agent will make such demand upon the request of the Swingline
Lender. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination
of this Agreement.

 

(e)
Interest for Account of Swingline Lender. The Swingline Lender shall be responsible for invoicing the Borrower for interest
on the Swingline Loans. Until each Lender funds its Revolving Loans that are Base Rate Loans or risk participation pursuant to
this Section 2.04 to refinance such Lender’s Applicable Percentage of any Swingline Loan, interest in respect of
such Applicable Percentage shall be solely for the account of the Swingline Lender.

 

(f)
Payments Directly to Swingline Lender. The Borrower shall make all payments of principal and interest in respect of the
Swingline Loans directly to the Swingline Lender.

 

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2.05
Prepayments.

 

(a)
Voluntary Prepayments of Loans.

 

(i)
Revolving Loans and Term Loans. The Borrower may, upon delivery of a Notice of Loan Prepayment to the Administrative Agent,
at any time or from time to time voluntarily prepay Revolving Loans and the Term Loans in whole or in part without premium or
penalty; provided that, unless otherwise agreed by the Administrative Agent, (A) such notice must be received by the Administrative
Agent not later than 11:00 a.m. (1) three Business Days prior to any date of prepayment of Eurodollar Rate Loans and (2) on the
date of prepayment of Base Rate Loans; (B) any such prepayment of Eurodollar Rate Loans shall be in a principal amount of $1,000,000
or a whole multiple of $500,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (C) any
prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or,
if less, the entire principal amount thereof then outstanding); and (D) any prepayment of the Term A-1 Loan and Incremental Term
Loans shall be applied, in each case, as directed by the Borrower in writing at the time such prepayment is made (and in the absence
of any direction, pro rata to all outstanding Term Loans and in direct of order of maturity to the remaining quarterly principal
installments thereof). Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid
and, if Eurodollar Rate Loans are to be prepaid, the Interest Period(s) of such Loans. The Administrative Agent will promptly
notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such
prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified
in such notice shall be due and payable on the date specified therein. Any prepayment of a Eurodollar Rate Loan shall be accompanied
by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05.
Subject to Section 2.15, such prepayments shall be paid to the Lenders in accordance with their respective Applicable Percentages.

 

(ii)
Swingline Loans. The Borrower may, upon notice to the Swingline Lender (with a copy to the Administrative Agent), at any
time or from time to time, voluntarily prepay Swingline Loans in whole or in part without premium or penalty; provided
that, unless otherwise agreed by the Swingline Lender, (i) such notice must be received by the Swingline Lender and the Administrative
Agent not later than 1:00 p.m. on the date of the prepayment, and (ii) any such prepayment shall be in a minimum principal amount
of $100,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal thereof then outstanding). Each
such notice shall specify the date and amount of such prepayment. If such notice is given by the Borrower, the Borrower shall
make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any
prepayment of a Swingline Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional
amounts required pursuant to Section 3.05.

 

(b)
Mandatory Prepayments of Loans.

 

(i)
Revolving Commitments. If for any reason the Total Revolving Outstandings at any time exceed the Aggregate Revolving Commitments
then in effect, the Borrower shall immediately prepay Revolving Loans and/or Swingline Loans and/or Cash Collateralize the L/C
Obligations in an aggregate amount equal to such excess; provided, however, that the Borrower shall not be required
to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(b)(i) unless after the prepayment in full of the
Revolving Loans and Swingline Loans the Total Revolving Outstandings exceed the Aggregate Revolving Commitments then in effect.

 

    	49

    	 

    

 

(ii)
Dispositions and Recovery Events. The Borrower shall prepay the Loans and/or Cash Collateralize the L/C Obligations as
hereafter provided in an aggregate amount equal to 100% of the Net Cash Proceeds received by any Loan Party or any Subsidiary
from all Dispositions (other than Dispositions by any Insurance Subsidiary in the ordinary course of business) and Recovery Events
to the extent such Net Cash Proceeds are not reinvested in assets (excluding current assets as classified by GAAP) that are useful
in the business of the Borrower and its Subsidiaries within 180 days of the date of such Disposition or Recovery Event (it being
understood that such prepayment shall be due immediately upon the expiration of such 180 day period).

 

(iii)
Debt Issuances. Immediately upon receipt by any Loan Party or any Subsidiary of the Net Cash Proceeds of any Debt Issuance,
the Borrower shall prepay the Loans and/or Cash Collateralize the L/C Obligations as hereafter provided in an aggregate amount
equal to 100% of such Net Cash Proceeds.

 

(iv)
Application of Mandatory Prepayments. All amounts required to be paid pursuant to this Section 2.05(b) shall be
applied as follows:

 

(A)
with respect to all amounts prepaid pursuant to Section 2.05(b)(i), first, ratably to the L/C Borrowings and the Swingline
Loans, second, to the outstanding Revolving Loans, and, third, to Cash Collateralize the remaining L/C Obligations;
and

 

(B)
with respect to all amounts prepaid pursuant to Sections 2.05(b)(ii) and (iii), first pro rata to the Term
A-1 Loan and any Incremental Term Loans (in each case ratably to the remaining principal amortization payments), second,
ratably to the L/C Borrowings and the Swingline Loans, third, to the outstanding Revolving Loans, and, fourth, to
Cash Collateralize the remaining L/C Obligations (with a corresponding reduction in the Aggregate Revolving Commitments in the
cases of clauses second through fourth).

 

Within
the parameters of the applications set forth above, prepayments shall be applied first to Base Rate Loans and then to Eurodollar
Rate Loans in direct order of Interest Period maturities. All prepayments under this Section 2.05(b) shall be subject to
Section 3.05, but otherwise without premium or penalty, and shall be accompanied by interest on the principal amount prepaid
through the date of prepayment.

 

2.06
Termination or Reduction of Aggregate Revolving Commitments.

 

The
Borrower may, upon notice to the Administrative Agent, terminate the Aggregate Revolving Commitments, the Letter of Credit Sublimit
or the Swingline Sublimit, or from time to time permanently reduce the Aggregate Revolving Commitments, the Letter of Credit Sublimit
or the Swingline Sublimit; provided that (i) any such notice shall be received by the Administrative Agent not later than
11:00 a.m. five Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate
amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof, (iii) the Borrower shall not terminate or reduce the
Aggregate Revolving Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Revolving
Outstandings would exceed the Aggregate Revolving Commitments, (iv) the Borrower shall not terminate or reduce the Letter of Credit
Sublimit if, after giving effect thereto and to any concurrent prepayments hereunder, the Outstanding Amount of the L/C Obligations
would exceed the Letter of Credit Sublimit, (v) the Borrower shall not terminate or reduce the Swingline Sublimit if, after giving
effect thereto and to any concurrent prepayments hereunder, the Outstanding Amount of Swingline Loans would exceed the Swingline
Sublimit and (vi) if, after giving effect to any reduction of the Aggregate Revolving Commitments, the Letter of Credit Sublimit
or the Swingline Sublimit exceeds the amount of the Aggregate Revolving Commitments, such sublimit shall be automatically reduced
by the amount of such excess. The Administrative Agent will promptly notify the Lenders of any such notice of termination or reduction.
Any reduction of the Aggregate Revolving Commitments shall be applied to the Revolving Commitment of each Lender according to
its Applicable Percentage. All fees accrued until the effective date of any termination of the Aggregate Revolving Commitments
shall be paid on the effective date of such termination.

 

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2.07
Repayment of Loans.

 

(a)
Revolving Loans. The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving
Loans outstanding on such date.

 

(b)
Swingline Loans. The Borrower shall repay each Swingline Loan on the earlier to occur of (i) the date ten Business Days
after such Swingline Loan is made and (ii) the Maturity Date.

 

(c)
Term A-1 Loan. The Borrower shall repay the outstanding principal amount of the Term A-1 Loan in installments on the dates
and in the amounts set forth in the table below (as such installments may hereafter be adjusted as a result of prepayments made
pursuant to Section 2.05 and increases with respect to any increase to the Term A-1 Loan pursuant to Section 2.16),
unless accelerated sooner pursuant to Section 8.02:

 

	Payment Dates	 	Principal Amortization Payment	 
	 	 	 	 	 
	September 30, 2019	 	$	1,875,000.00	 
	December 31, 2019	 	$	1,875,000.00	 
	March 31, 2020	 	$	1,875,000.00	 
	June 30, 2020	 	$	1,875,000.00	 
	September 30, 2020	 	$	2,812,500.00	 
	December 31, 2020	 	$	2,812,500.00	 
	March 31, 2021	 	$	2,812,500.00	 
	June 30, 2021	 	$	2,812,500.00	 
	September 30, 2021	 	$	3,750,000.00	 
	December 31, 2021	 	$	3,750,000.00	 
	March 31, 2022	 	$	3,750,000.00	 
	Maturity Date	 	 	Outstanding amount of Term A-1 Loan	 

 

provided,
however, that (i) if any principal repayment installment to be made by the Borrower (other than principal repayment installments
on Eurodollar Rate Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due
on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case
may be and (ii) if any principal repayment installment to be made by the Borrower on a Eurodollar Rate Loan shall come due on
a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless
the result of such extension would be to extend such principal repayment installment into another calendar month, in which event
such principal repayment installment shall be due on the immediately preceding Business Day.

 

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2.08
Interest.

 

(a)
Subject to the provisions of subsection (b) below, (i) each Eurodollar Rate Loan shall bear interest on the outstanding principal
amount thereof for each Interest Period at a rate per annum equal to the sum of the Eurodollar Rate for such Interest Period plus
the Applicable Rate; (ii) each Base Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable
borrowing date at a rate per annum equal to the sum of the Base Rate plus the Applicable Rate; and (iii) each Swingline
Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal
to the sum of the Base Rate plus the Applicable Rate. To the extent that any calculation of interest or any fee required
to be paid under this Agreement shall be based on (or result in) a calculation that is less than zero, such calculation shall
be deemed zero for purposes of this Agreement.

 

(b)
(i) If any amount of principal of any Loan is not paid when due (without regard to any applicable grace periods), whether at stated
maturity, by acceleration or otherwise, such amount shall thereafter bear interest at a fluctuating interest rate per annum at
all times equal to the Default Rate to the fullest extent permitted by applicable Laws.

 

(ii)
If any amount (other than principal of any Loan) payable by the Borrower under any Loan Document is not paid when due (without
regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, then upon the request of the
Required Lenders, such amount shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the
Default Rate to the fullest extent permitted by applicable Laws.

 

(iii)
Upon the request of the Required Lenders, while any Event of Default exists (other than as set forth in clauses (b)(i) and (b)(ii)
above), the Borrower shall pay interest on the principal amount of all outstanding Obligations hereunder at a fluctuating interest
rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws.

 

(iv)
Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable upon demand.

 

(c)
Interest on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other times
as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment,
and before and after the commencement of any proceeding under any Debtor Relief Law.

 

2.09
Fees.

 

In
addition to certain fees described in subsections (h) and (i) of Section 2.03:

 

(a)
Unused Revolving Commitment Fee. The Borrower shall pay to the Administrative Agent, for the account of each Lender in
accordance with its Applicable Percentage, a commitment fee equal to the product of (i) the Applicable Rate times (ii)
the actual daily amount by which the Aggregate Revolving Commitments exceed the sum of (y) the Outstanding Amount of Revolving
Loans and (z) the Outstanding Amount of L/C Obligations, subject to adjustment as provided in Section 2.15 (the “Unused
Revolving Commitment Fee”). For the avoidance of doubt, the Outstanding Amount of Swingline Loans shall not be counted
towards or considered usage of the Aggregate Revolving Commitments for purposes of determining the Unused Revolving Commitment
Fee. The Unused Revolving Commitment Fee shall accrue at all times during the Availability Period, including at any time during
which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the
last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing
Date, and on the last day of the Availability Period. The Unused Revolving Commitment Fee shall be calculated quarterly in arrears,
and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied
by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.

 

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(b)
Other Fees.

 

(i)
The Borrower shall pay to MLPFS and the Administrative Agent for their own respective accounts fees in the amounts and at the
times specified in the Fee Letter. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever.

 

(ii)
The Borrower shall pay to the Lenders such fees as shall have been separately agreed upon in writing in the amounts and at the
times so specified. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever.

 

2.10
Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate.

 

(a)
All computations of interest for Base Rate Loans (including Base Rate Loans determined by reference to the Eurodollar Rate) shall
be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees
and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as
applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which
the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid,
provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear
interest for one day. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive
and binding for all purposes, absent manifest error.

 

(b)
If, as a result of any restatement of or other adjustment to the financial statements of the Borrower or for any other reason,
the Borrower or the Lenders determine that (i) the Consolidated Total Leverage Ratio as calculated by the Borrower as of any applicable
date was inaccurate and (ii) a proper calculation of the Consolidated Total Leverage Ratio would have resulted in higher pricing
for such period, the Borrower shall immediately and retroactively be obligated to pay to the Administrative Agent for the account
of the applicable Lenders or the L/C Issuer, as the case may be, promptly on demand by the Administrative Agent (or, after the
occurrence of an actual or deemed entry of an order for relief with respect to the Borrower under the Bankruptcy Code of the United
States, automatically and without further action by the Administrative Agent, any Lender or the L/C Issuer), an amount equal to
the excess of the amount of interest and fees that should have been paid for such period over the amount of interest and fees
actually paid for such period. This paragraph shall not limit the rights of the Administrative Agent, any Lender or the L/C Issuer,
as the case may be, under this Agreement to the payment of any Obligations hereunder at the Default Rate or under Article VIII.
The Borrower’s obligations under this paragraph shall survive the termination of the Aggregate Revolving Commitments and
the repayment of all other Obligations hereunder.

 

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2.11
Evidence of Debt.

 

(a)
The Credit Extensions made by each Lender shall be evidenced by one or more accounts or records maintained by such Lender and
by the Administrative Agent in the ordinary course of business. The accounts or records maintained by the Administrative Agent
and each Lender shall be conclusive absent manifest error of the amount of the Credit Extensions made by the Lenders to the Borrower
and the interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise
affect the obligation of the Borrower hereunder to pay any amount owing with respect to the Obligations. In the event of any conflict
between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect
of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. Upon the
request of any Lender made through the Administrative Agent, the Borrower shall execute and deliver to such Lender (through the
Administrative Agent) a promissory note, which shall evidence such Lender’s Loans in addition to such accounts or records.
Each such promissory note shall be in the form of Exhibit 2.11(a) (a “Note”). Each Lender may attach
schedules to its Note and endorse thereon the date, Type (if applicable), amount and maturity of its Loans and payments with respect
thereto.

 

(b)
In addition to the accounts and records referred to in subsection (a) above, each Lender and the Administrative Agent shall maintain
in accordance with its usual practice accounts or records evidencing the purchases and sales by such Lender of participations
in Letters of Credit and Swingline Loans. In the event of any conflict between the accounts and records maintained by the Administrative
Agent and the accounts and records of any Lender in respect of such matters, the accounts and records of the Administrative Agent
shall control in the absence of manifest error.

 

2.12
Payments Generally; Administrative Agent’s Clawback.

 

(a)
General. All payments to be made by the Borrower shall be made free and clear of and without condition or deduction for
any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein, all payments by the Borrower hereunder
shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the Administrative
Agent’s Office in Dollars and in immediately available funds not later than 2:00 p.m. on the date specified herein. The
Administrative Agent will promptly distribute to each Lender its Applicable Percentage (or other applicable share as provided
herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office. All payments received
by the Administrative Agent after 2:00 p.m. shall be deemed received on the next succeeding Business Day and any applicable interest
or fee shall continue to accrue. Subject to Section 2.07(b) and as otherwise specifically provided for in this Agreement,
if any payment to be made by the Borrower shall come due on a day other than a Business Day, payment shall be made on the next
following Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be.

 

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(b)
(i) Funding by Lenders; Presumption by Administrative Agent. Unless the Administrative Agent shall have received notice
from a Lender prior to the proposed date of any Borrowing of Eurodollar Rate Loans (or, in the case of any Borrowing of Base Rate
Loans, prior to 12:00 noon on the date of such Borrowing) that such Lender will not make available to the Administrative Agent
such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available
on such date in accordance with Section 2.02 (or, in the case of a Borrowing of Base Rate Loans, that such Lender has made
such share available in accordance with and at the time required by Section 2.02) and may, in reliance upon such assumption,
make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable
Borrowing available to the Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative
Agent forthwith on demand such corresponding amount in immediately available funds with interest thereon, for each day from and
including the date such amount is made available to the Borrower to but excluding the date of payment to the Administrative Agent,
at (A) in the case of a payment to be made by such Lender, the greater of the Federal Funds Rate and a rate determined by the
Administrative Agent in accordance with banking industry rules on interbank compensation, plus any administrative, processing
or similar fees customarily charged by the Administrative Agent in connection with the foregoing, and (B) in the case of a payment
to be made by the Borrower, the interest rate applicable to Base Rate Loans. If the Borrower and such Lender shall pay such interest
to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to the Borrower
the amount of such interest paid by the Borrower for such period. If such Lender pays its share of the applicable Borrowing to
the Administrative Agent, then the amount so paid shall constitute such Lender’s Loan included in such Borrowing. Any payment
by the Borrower shall be without prejudice to any claim the Borrower may have against a Lender that shall have failed to make
such payment to the Administrative Agent.

 

(ii)
Payments by Borrower; Presumptions by Administrative Agent. Unless the Administrative Agent shall have received notice
from the Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders or
the L/C Issuer hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has
made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or
the L/C Issuer, as the case may be, the amount due. In such event, if the Borrower has not in fact made such payment, then each
of the Lenders or the L/C Issuer, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand
the amount so distributed to such Lender or the L/C Issuer, in immediately available funds with interest thereon, for each day
from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent,
at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry
rules on interbank compensation.

 

A
notice of the Administrative Agent to any Lender or the Borrower with respect to any amount owing under this subsection (b) shall
be conclusive, absent manifest error.

 

(c)
Failure to Satisfy Conditions Precedent. If any Lender makes available to the Administrative Agent funds for any Loan to
be made by such Lender as provided in the foregoing provisions of this Article II, and such funds are not made available
to the Borrower by the Administrative Agent because the conditions to the applicable Credit Extension set forth in Article
IV are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like
funds as received from such Lender) to such Lender, without interest.

 

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(d)
Obligations of Lenders Several. The obligations of the Lenders hereunder to make Loans, to fund participations in Letters
of Credit and Swingline Loans and to make payments pursuant to Section 11.04(c) are several and not joint. The failure
of any Lender to make any Loan, to fund any such participation or to make any payment under Section 11.04(c) on any date
required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall
be responsible for the failure of any other Lender to so make its Loan, to purchase its participation or to make its payment under
Section 11.04(c).

 

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

 

2.13
Sharing of Payments by Lenders.

 

If
any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of any principal of
or interest on any of the Loans made by it, or the participations in L/C Obligations or in Swingline Loans held by it resulting
in such Lender’s receiving payment of a proportion of the aggregate amount of such Loans or participations and accrued interest
thereon greater than its pro rata share thereof as provided herein, then the Lender receiving such greater proportion shall (a)
notify the Administrative Agent of such fact, and (b) purchase (for cash at face value) participations in the Loans and subparticipations
in L/C Obligations and Swingline Loans of the other Lenders, or make such other adjustments as shall be equitable, so that the
benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and
accrued interest on their respective Loans and other amounts owing them, provided that:

 

(i)
if any such participations or subparticipations are purchased and all or any portion of the payment giving rise thereto is recovered,
such participations or subparticipations shall be rescinded and the purchase price restored to the extent of such recovery, without
interest; and

 

(ii)
the provisions of this Section shall not be construed to apply to (A) any payment made by or on behalf of the Borrower pursuant
to and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of
a Defaulting Lender), (B) the application of Cash Collateral provided for in Section 2.14, or (C) any payment obtained
by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or subparticipations in L/C
Obligations or Swingline Loans to any assignee or participant, other than an assignment to any Loan Party or any Subsidiary (as
to which the provisions of this Section shall apply).

 

Each
Loan Party consents to the foregoing and agrees, to the extent it may effectively do so under applicable Law, that any Lender
acquiring a participation pursuant to the foregoing arrangements may exercise against such Loan Party rights of setoff and counterclaim
with respect to such participation as fully as if such Lender were a direct creditor of such Loan Party in the amount of such
participation.

 

2.14
Cash Collateral.

 

(a)
Certain Credit Support Events. If (i) the L/C Issuer has honored any full or partial drawing request under any Letter of
Credit and such drawing has resulted in an L/C Borrowing, (ii) as of the Letter of Credit Expiration Date, any L/C Obligation
for any reason remains outstanding, (iii) the Borrower shall be required to provide Cash Collateral pursuant to Section 2.05
or 8.02(c) or (iv) there shall exist a Defaulting Lender, the Borrower shall immediately (in the case of clause (iii)
above) or within one Business Day (in all other cases) following any request by the Administrative Agent or the L/C Issuer provide
Cash Collateral in an amount not less than the applicable Minimum Collateral Amount (determined in the case of Cash Collateral
provided pursuant to clause (iv) above, after giving effect to Section 2.15(b) and any Cash Collateral provided by the
Defaulting Lender).

 

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(b)
Grant of Security Interest. The Borrower, and to the extent provided by any Defaulting Lender, such Defaulting Lender,
hereby grants to (and subjects to the control of) the Administrative Agent, for the benefit of the Administrative Agent, the L/C
Issuer and the Lenders, and agrees to maintain, a first priority security interest in all such Cash Collateral as security for
the obligations to which such Cash Collateral may be applied pursuant to Section 2.14(c). If at any time the Administrative
Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent or the
L/C Issuer as herein provided (other than Liens permitted under clause (f) of the definition of Permitted Encumbrances), or that
the total amount of such Cash Collateral is less than the Minimum Collateral Amount, the Borrower will, promptly upon demand by
the Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate
such deficiency. All Cash Collateral (other than credit support not constituting funds subject to deposit) shall be maintained
in blocked, non-interest bearing deposit accounts at Bank of America. The Borrower shall pay on demand therefor from time to time
all customary account opening, activity and other administrative fees and charges in connection with the maintenance and disbursement
of Cash Collateral.

 

(c)
Application. Notwithstanding anything to the contrary contained in this Agreement, Cash Collateral provided under any of
this Section 2.14 or Sections 2.03, 2.05, 2.15 or 8.02 in respect of Letters of Credit shall
be held and applied to the satisfaction of the specific L/C Obligations, obligations to fund participations therein (including,
as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such obligation) and other obligations for which
the Cash Collateral was so provided, prior to any other application of such property as may otherwise be provided for herein.

 

(d)
Release. Cash Collateral (or the appropriate portion thereof) provided to reduce Fronting Exposure or to secure other obligations
shall be released promptly following (i) the elimination of the applicable Fronting Exposure or other obligations giving rise
thereto (including by the termination of Defaulting Lender status of the applicable Lender (or, as appropriate, its assignee following
compliance with Section 11.06(b)(vi))) or (ii) the determination by the Administrative Agent and the L/C Issuer that there
exists excess Cash Collateral; provided, however, (x) any such release shall be without prejudice to, and any disbursement
or other transfer of Cash Collateral shall be and remain subject to, any other Lien conferred under the Loan Documents and the
other applicable provisions of the Loan Documents, and (y) the Person providing Cash Collateral and the L/C Issuer may agree that
Cash Collateral shall not be released but instead held to support future anticipated Fronting Exposure or other obligations.

 

2.15
Defaulting Lenders.

 

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

 

(i)
Waivers and Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent
with respect to this Agreement shall be restricted as set forth in the definition of “Required Lenders” and Section
11.01.

 

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(ii)
Defaulting Lender Waterfall. Any payment of principal, interest, fees or other amounts received by the Administrative Agent
for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VIII
or otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant to Section 11.08 shall be applied
at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts
owing by such Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any
amounts owing by such Defaulting Lender to the L/C Issuer or Swingline Lender hereunder; third, to Cash Collateralize the
L/C Issuer’s Fronting Exposure with respect to such Defaulting Lender in accordance with Section 2.14; fourth,
as the Borrower may request (so long as no Default exists), to the funding of any Loan in respect of which such Defaulting Lender
has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth,
if so determined by the Administrative Agent and the Borrower, to be held in a deposit account and released pro rata in order
to (x) satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement
and (y) Cash Collateralize the L/C Issuer’s future Fronting Exposure with respect to such Defaulting Lender with respect
to future Letters of Credit issued under this Agreement, in accordance with Section 2.14; sixth, to the payment
of any amounts owing to the Lenders, the L/C Issuer or Swingline Lender as a result of any judgment of a court of competent jurisdiction
obtained by any Lender, the L/C Issuer or the Swingline Lender against such Defaulting Lender as a result of such Defaulting Lender’s
breach of its obligations under this Agreement; seventh, so long as no Default exists, to the payment of any amounts owing
to the Borrower as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting
Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to such
Defaulting Lender or as otherwise as may be required under the Loan Documents in connection with any Lien conferred thereunder
or directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount
of any Loans or L/C Borrowings in respect of which such Defaulting Lender has not fully funded its appropriate share, and (y)
such Loans were made or the related Letters of Credit were issued at a time when the conditions set forth in Section 4.02
were satisfied or waived, such payment shall be applied solely to pay the Loans of, and L/C Obligations owed to, all Non-Defaulting
Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or L/C Obligations owed to, such Defaulting
Lender until such time as all Loans and funded and unfunded participations in L/C Obligations and Swingline Loans are held by
the Lenders pro rata in accordance with the Commitments hereunder without giving effect to Section 2.15(b). Any payments,
prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting
Lender or to post Cash Collateral pursuant to this Section 2.15(a)(ii) shall be deemed paid to and redirected by such Defaulting
Lender, and each Lender irrevocably consents hereto.

 

(iii)
Certain Fees.

 

(A)
No Defaulting Lender shall be entitled to receive any fee payable under Section 2.09(a) for any period during which that
Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required
to have been paid to that Defaulting Lender).

 

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(B)
Each Defaulting Lender shall be entitled to receive Letter of Credit Fees for any period during which that Lender is a Defaulting
Lender only to the extent allocable to its Applicable Percentage of the stated amount of Letters of Credit for which it has provided
Cash Collateral pursuant to Section 2.14.

 

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

 

(b)
Reallocation of Applicable Percentages to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation
in L/C Obligations and Swingline Loans shall be reallocated among the Non-Defaulting Lenders in accordance with their respective
Applicable Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such
reallocation does not cause the aggregate Revolving Credit Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting
Lender’s Commitment. Subject to Section 11.20, no reallocation hereunder shall constitute a waiver or release of
any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including
any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation.

 

(c)
Cash Collateral, Repayment of Swingline Loans. If the reallocation described in clause (b) above cannot, or can
only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under applicable
Law, (x) first, prepay Swingline Loans in an amount equal to the Swingline Lenders’ Fronting Exposure and (y) second,
Cash Collateralize the L/C Issuer’s Fronting Exposure in accordance with the procedures set forth in Section 2.14.

 

(d)
Defaulting Lender Cure. If the Borrower, the Administrative Agent, the Swingline Lender and the L/C Issuer agree in writing
that a Lender is no longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the
effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements with respect
to any Cash Collateral), that Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of the
other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Loans and funded
and unfunded participations in Letters of Credit and Swingline Loans to be held on a pro rata basis by the Lenders in accordance
with their Applicable Percentages (without giving effect to Section 2.15(b)), whereupon such Lender will cease to be a
Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made
by or on behalf of the Borrower while that Lender was a Defaulting Lender; and provided, further, that except to
the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute
a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender.

 

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2.16
Incremental Facility Loans.

 

Subject
to the terms and conditions set forth herein, the Borrower shall have the right, from time to time and upon at least ten Business
Days’ prior written notice to the Administrative Agent (an “Incremental Request”), to request to incur
additional term loans under a then existing tranche and/or add one or more additional tranches of term loans (“Other
Term Loans” and, together with any additional term loans under a then existing tranche incurred pursuant to this Section
2.16, the “Incremental Term Loans”; and any credit facility for providing for any Incremental Term Loans
being referred to as an “Incremental Term Facility”) and/or increase the Aggregate Revolving Commitments (the
“Incremental Revolving Commitments”; and revolving loans made thereunder the “Incremental Revolving
Loans”; the Incremental Revolving Loans, together with the Incremental Term Loans are referred to herein as the “Incremental
Facility Loans”) subject, however, in any such case, to satisfaction of the following conditions precedent:

 

(a)
the aggregate amount of all Incremental Revolving Commitments and Incremental Term Loans effected pursuant to this Section
2.16 shall not exceed $50,000,000;

 

(b)
subject to Section 1.08 in the case of an Incremental Term Facility used to finance a Limited Condition Acquisition, on
the date on which any Incremental Facility Amendment is to become effective, both immediately prior to and immediately after giving
effect to the incurrence of such Incremental Facility Loans (assuming that the full amount of the Incremental Facility Loans shall
have been funded on such date) and any related transactions, no Default shall have occurred and be continuing;

 

(c)
subject to Section 1.08 in the case of an Incremental Term Facility used to finance a Limited Condition Acquisition, after
giving effect to the incurrence of such Incremental Facility Loans (assuming the full amount of the Incremental Facility Loans
have been funded) and any related transactions, on a Pro Forma Basis, the Loan Parties shall be in compliance with the financial
covenants set forth in Section 7.20;

 

(d)
subject to Section 1.08 in the case of an Incremental Term Facility used to finance a Limited Condition Acquisition, the
representations and warranties set forth in Article V shall be true and correct in all material respects (or if such representation
and warranty is qualified by materiality or Material Adverse Effect, it shall be true and correct) on and as of the date on which
such Incremental Facility Amendment is to become effective, except to the extent that such representations and warranties specifically
refer to an earlier date, in which case they shall be true and correct in all material respects (or if such representation and
warranty is qualified by materiality or Material Adverse Effect, it shall be true and correct) as of such earlier date;

 

(e)
such Incremental Facility Loans shall be in a minimum amount of $5,000,000 and in integral multiples of $500,000 in excess thereof
(or such lesser amounts as agreed by the Administrative Agent);

 

(f)
any Incremental Revolving Commitments shall be made on the same terms and provisions (other than upfront fees) as apply to the
existing Revolving Commitments, including with respect to maturity date, interest rate and prepayment provisions, and shall not
constitute a credit facility separate and apart from the existing revolving credit facility set forth in Section 2.01(a);

 

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(g)
any Incremental Term Loans that constitute additional term loans under a then existing tranche of term loans shall be made on
the same terms and provisions (other than upfront fees) as apply to such outstanding term loans, including with respect to maturity
date, interest rate and prepayment provisions, and shall not constitute a credit facility separate and apart from such term loans;

 

(h)
in the case of any Other Term Loans, such Other Term Loans shall: (A) rank pari passu in right of payment priority with the existing
Term Loans, (B) share ratably in rights in the Collateral and the Guaranty, (C) have a maturity date that is no earlier than the
Maturity Date for the Term A-1 Loan, (D) have a Weighted Average Life to Maturity that is no shorter than the Weighted Average
Life to Maturity of the Term A-1 Loan (it being understood that, subject to the foregoing, the amortization schedule applicable
to such Incremental Term Loans shall be determined by the Borrower and the Lenders of such Incremental Term Loans) and (E) otherwise
be on terms reasonably satisfactory to the Administrative Agent, provided that, such terms and documentation relating to such
Other Term Loans shall be on terms not materially more onerous, taken as a whole, to the Borrower than the existing Term Loans
(except to the extent permitted above with respect to the maturity date, amortization and interest rate and other than terms which
are applicable only after the Maturity Date of the Term Loan);

 

(i)
in the case of any Incremental Term Loans, such Incremental Term Loans shall not have an All-In Yield that is greater than the
All-In Yield payable pursuant to the terms of this Agreement (as amended through the date of such calculation) with respect to
the Term Loan plus 50 basis points per annum, unless the interest rate with respect to the Term Loan shall be increased (pursuant
to the applicable Incremental Facility Amendment) so as to cause the then applicable All-In Yield under this Agreement on the
Term Loan to equal the All-In Yield then applicable to such Incremental Term Loans minus 50 basis points per annum;

 

(j)
the Administrative Agent shall have received additional commitments in a corresponding amount of such requested Incremental Facility
Loans from either existing Lenders and/or one or more other institutions that qualify as Eligible Assignees (it being understood
and agreed that no existing Lender shall be required to provide an additional commitment);

 

(k)
the Administrative Agent shall have received customary closing certificates and legal opinions and all other documents (including
resolutions of the manager or board of directors of the Loan Parties) it may reasonably request relating to the corporate or other
necessary authority for such Incremental Facility Loans and the validity of such Incremental Facility Loans, and any other matters
relevant thereto, all in form and substance reasonably satisfactory to the Administrative Agent; and

 

(l)
the Administrative Agent shall have received such amendments to the Collateral Documents as the Administrative Agent reasonably
requests to cause the Collateral Documents to secure the Obligations (in a manner consistent with the terms of the Loan Documents)
after giving effect to such Incremental Facility.

 

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Each
Incremental Term Facility and any Incremental Revolving Commitments shall be evidenced by an amendment (an “Incremental
Facility Amendment”) to this Agreement, giving effect to the modifications permitted by this Section 2.16 (and
subject to the limitations set forth in the immediately preceding paragraph), executed by the Loan Parties, the Administrative
Agent and each Lender providing a portion of the Incremental Term Facility and/or Incremental Revolving Commitments, as applicable;
which such amendment, when so executed, shall amend this Agreement as provided therein. Each Incremental Facility Amendment shall
also require such amendments to the Loan Documents, and such other new Loan Documents, as the Administrative Agent reasonably
deems necessary or appropriate to effect the modifications and credit extensions permitted by this Section 2.16. Neither
any Incremental Facility Amendment, nor any such amendments to the other Loan Documents or such other new Loan Documents, shall
be required to be executed or approved by any Lender, other than the Lenders providing such Incremental Term Loans and/or Incremental
Revolving Commitments, as applicable, and the Administrative Agent, in order to be effective. The effectiveness of any Incremental
Facility Amendment shall be subject to the satisfaction on the date thereof of each of the conditions set forth above and as such
other conditions as requested by the Lenders under the Incremental Facility Loans established in connection therewith.

 

Article
III.

 

TAXES,
YIELD PROTECTION AND ILLEGALITY

 

3.01
Taxes.

 

(a)
Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes.

 

(i)
Any and all payments by or on account of any obligation of any Loan Party under any Loan Document shall be made without deduction
or withholding for any Taxes, except as required by applicable Laws. If any applicable Laws (as determined in the good faith discretion
of the Administrative Agent) require the deduction or withholding of any Tax from any such payment by the Administrative Agent
or a Loan Party, then the Administrative Agent or such Loan Party shall be entitled to make such deduction or withholding, upon
the basis of the information and documentation to be delivered pursuant to subsection (e) below.

 

(ii)
If any Loan Party or the Administrative Agent shall be required by the Internal Revenue Code to withhold or deduct any Taxes,
including both United States Federal backup withholding and withholding taxes, from any payment, then (A) the Administrative Agent
shall withhold or make such deductions as are determined by the Administrative Agent to be required based upon the information
and documentation it has received pursuant to subsection (e) below, (B) the Administrative Agent shall timely pay the full
amount withheld or deducted to the relevant Governmental Authority in accordance with the Internal Revenue Code, and (C) to the
extent that the withholding or deduction is made on account of Indemnified Taxes, the sum payable by the applicable Loan Party
shall be increased as necessary so that after any required withholding or the making of all required deductions (including deductions
applicable to additional sums payable under this Section 3.01) the applicable Recipient receives an amount equal to the
sum it would have received had no such withholding or deduction been made.

 

(iii)
If any Loan Party or the Administrative Agent shall be required by any applicable Laws other than the Internal Revenue Code to
withhold or deduct any Taxes from any payment, then (A) such Loan Party or the Administrative Agent, as required by such Laws,
shall withhold or make such deductions as are determined by it to be required based upon the information and documentation it
has received pursuant to subsection (e) below, (B) such Loan Party or the Administrative Agent, to the extent required
by such Laws, shall timely pay the full amount withheld or deducted to the relevant Governmental Authority in accordance with
such Laws, and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes, the sum payable by
the applicable Loan Party shall be increased as necessary so that after any required withholding or the making of all required
deductions (including deductions applicable to additional sums payable under this Section 3.01) the applicable Recipient
receives an amount equal to the sum it would have received had no such withholding or deduction been made.

 

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(b)
Payment of Other Taxes by the Loan Parties. Without limiting the provisions of subsection (a) above, the Loan Parties
shall timely pay to the relevant Governmental Authority in accordance with applicable Laws, or at the option of the Administrative
Agent timely reimburse it for the payment of, any Other Taxes.

 

(c)
Tax Indemnifications. (i) Each of the Loan Parties shall, and does hereby, jointly and severally indemnify each Recipient,
and shall make payment in respect thereof within ten days after demand therefor, for the full amount of any Indemnified Taxes
(including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section 3.01) payable
or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient, and any penalties, interest
and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally
imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered
to the Borrower by a Lender or the L/C Issuer (with a copy to the Administrative Agent), or by the Administrative Agent on its
own behalf or on behalf of a Lender or the L/C Issuer, shall be conclusive absent manifest error. Each of the Loan Parties shall,
and does hereby, jointly and severally indemnify the Administrative Agent, and shall make payment in respect thereof within ten
days after demand therefor, for any amount which a Lender or the L/C Issuer for any reason fails to pay indefeasibly to the Administrative
Agent as required pursuant to Section 3.01(c)(ii) below.

 

(ii)
Each Lender and the L/C Issuer shall, and does hereby, severally indemnify, and shall make payment in respect thereof within 10
days after demand therefor, (x) the Administrative Agent against any Indemnified Taxes attributable to such Lender or the L/C
Issuer (but only to the extent that any Loan Party has not already indemnified the Administrative Agent for such Indemnified Taxes
and without limiting the obligation of the Loan Parties to do so), (y) the Administrative Agent and the Loan Parties, as applicable,
against any Taxes attributable to such Lender’s failure to comply with the provisions of Section 11.06(d) relating
to the maintenance of a Participant Register and (z) the Administrative Agent and the Loan Parties, as applicable, against any
Excluded Taxes attributable to such Lender or the L/C Issuer, in each case, that are payable or paid by the Administrative Agent
or a Loan Party in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether
or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the
amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error.
Each Lender and the L/C Issuer hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time
owing to such Lender or the L/C Issuer, as the case may be, under this Agreement or any other Loan Document against any amount
due to the Administrative Agent under this clause (ii).

 

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(d)
Evidence of Payments. As soon as practicable, after any payment of Taxes by any Loan Party to a Governmental Authority
as provided in this Section 3.01, such Loan Party shall deliver to the Administrative Agent the original or a certified
copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of any return reporting such payment or
other evidence of such payment reasonably satisfactory to the Administrative Agent.

 

(e)
Status of Lenders; Tax Documentation.

 

(i)
Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan
Document shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower
or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrower or the Administrative
Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender,
if reasonably requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable
Law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent
to determine whether or not such Lender is subject to backup withholding or information reporting requirements. Notwithstanding
anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other
than such documentation set forth in Section 3.01(e)(ii)(A), 3.01(e)(ii)(B) and 3.01(e)(ii)(D) below) shall
not be required to the extent that in the Lender’s reasonable judgment such completion, execution or submission would subject
such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such
Lender.

 

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

 

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

 

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

 

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

 

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

 

(III)
in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Internal
Revenue Code, (x) a certificate substantially in the form of Exhibit 3.01-A to the effect that such Foreign Lender is not
a “bank” within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, a “10 percent shareholder”
of the Borrower within the meaning of Section 881(c)(3)(B) of the Internal Revenue Code, or a “controlled foreign corporation”
described in Section 881(c)(3)(C) of the Internal Revenue Code (a “U.S. Tax Compliance Certificate”) and (y)
executed copies of IRS Form W-8BEN-E (or W-8BEN, as applicable); or

 

(IV)
to the extent a Foreign Lender is not the beneficial owner, executed copies of IRS Form W-8IMY, accompanied by IRS Form W-8ECI,
IRS Form W-8BEN-E (or W-8BEN, as applicable), a U.S. Tax Compliance Certificate substantially in the form of Exhibit 3.01-B
or Exhibit 3.01-C, IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided
that if the Foreign Lender is a partnership and one or more direct or indirect partners of such Foreign Lender are claiming
the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in the form
of Exhibit 3.01-D on behalf of each such direct and indirect partner;

 

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

 

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

 

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(iii)
Each Lender agrees that if any form or certification it previously delivered pursuant to this Section 3.01 expires or becomes
obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Borrower and the Administrative
Agent in writing of its legal inability to do so.

 

(f)
Status of Administrative Agent. The Administrative Agent, and any replacement or successor Administrative Agent, shall
deliver a duly executed IRS Form W-9 to the Borrower on or prior to the date it becomes Administrative Agent hereunder.

 

(g)
Treatment of Certain Refunds. Unless required by applicable Laws, at no time shall the Administrative Agent have any obligation
to file for or otherwise pursue on behalf of a Lender or the L/C Issuer, or have any obligation to pay to any Lender or the L/C
Issuer, any refund of Taxes withheld or deducted from funds paid for the account of such Lender or the L/C Issuer, as the case
may be. If any Recipient determines, in its sole discretion exercised in good faith, that it has received a refund of any Taxes
as to which it has been indemnified by any Loan Party or with respect to which any Loan Party has paid additional amounts pursuant
to this Section 3.01, it shall pay to such Loan Party an amount equal to such refund (but only to the extent of indemnity
payments made, or additional amounts paid, by such Loan Party under this Section 3.01 with respect to the Taxes giving
rise to such refund), net of all out-of-pocket expenses (including Taxes) incurred by such Recipient, and without interest (other
than any interest paid by the relevant Governmental Authority with respect to such refund), provided that such Loan Party,
upon the request of the Recipient, agrees to repay the amount paid over to such Loan Party (plus any penalties, interest or other
charges imposed by the relevant Governmental Authority) to the Recipient in the event the Recipient is required to repay such
refund to such Governmental Authority. Notwithstanding anything to the contrary in this subsection, in no event will the applicable
Recipient be required to pay any amount to such Loan Party pursuant to this subsection the payment of which would place the Recipient
in a less favorable net after-Tax position than such Recipient would have been in if the Tax subject to indemnification and giving
rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts
with respect to such Tax had never been paid. This subsection shall not be construed to require any Recipient to make available
its tax returns (or any other information relating to its taxes that it deems confidential) to any Loan Party or any other Person.

 

(h)
Survival. Each party’s obligations under this Section 3.01 shall survive the resignation or replacement of
the Administrative Agent or any assignment of rights by, or the replacement of, a Lender or the L/C Issuer, the termination of
the Aggregate Revolving Commitments and the repayment, satisfaction or discharge of all other Obligations.

 

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3.02
Illegality.

 

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

 

3.03
Inability to Determine Rates.

 

(a)
If in connection with any request for a Eurodollar Rate Loan or a conversion to or continuation thereof, (i) the Administrative
Agent determines that (A) Dollar deposits are not being offered to banks in the London interbank Eurodollar market for the applicable
amount and Interest Period of such Eurodollar Rate Loan, or (B) (x) adequate and reasonable means do not exist for determining
the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan or in connection with an
existing or proposed Base Rate Loan and (y) the circumstances described in Section 3.03(c)(i) do not apply (in each case
with respect to this clause (i), “Impacted Loans”), or (ii) the Administrative Agent or the Required Lenders
determine that for any reason the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate
Loan does not adequately and fairly reflect the cost to such Lenders of funding such Eurodollar Rate Loan, the Administrative
Agent will promptly so notify the Borrower and each Lender. Thereafter, (x) the obligation of the Lenders to make or maintain
Eurodollar Rate Loans shall be suspended, (to the extent of the affected Eurodollar Rate Loans or Interest Periods), and (y) in
the event of a determination described in the preceding sentence with respect to the Eurodollar Rate component of the Base Rate,
the utilization of the Eurodollar Rate component in determining the Base Rate shall be suspended, in each case until the Administrative
Agent (or, in the case of a determination by the Required Lenders described in clause (ii) of Section 3.03(a), until the
Administrative Agent upon instruction of the Required Lenders) revokes such notice. Upon receipt of such notice, the Borrower
may revoke any pending request for a Borrowing of, conversion to or continuation of Eurodollar Rate Loans (to the extent of the
affected Eurodollar Rate Loans or Interest Periods) or, failing that, will be deemed to have converted such request into a request
for a Borrowing of Base Rate Loans in the amount specified therein.

 

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(b)
Notwithstanding the foregoing, if the Administrative Agent has made the determination described in clause (i) of Section 3.03(a),
the Administrative Agent, in consultation with the Borrower, may establish an alternative interest rate for the Impacted Loans,
in which case, such alternative rate of interest shall apply with respect to the Impacted Loans until (1) the Administrative Agent
revokes the notice delivered with respect to the Impacted Loans under clause (i) of the first sentence of this section, (2) the
Administrative Agent or the Required Lenders notify the Administrative Agent and the Borrower that such alternative interest rate
does not adequately and fairly reflect the cost to such Lenders of funding the Impacted Loans, or (3) any Lender determines that
any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for such Lender or its applicable
Lending Office to make, maintain or fund Loans whose interest is determined by reference to such alternative rate of interest
or to determine or charge interest rates based upon such rate or any Governmental Authority has imposed material restrictions
on the authority of such Lender to do any of the foregoing and provides the Administrative Agent and the Borrower written notice
thereof.

 

(c)
Notwithstanding anything to the contrary in this Agreement or any other Loan Documents, if the Administrative Agent determines
(which determination shall be conclusive absent manifest error), or the Borrower or Required Lenders notify the Administrative
Agent (with, in the case of the Required Lenders, a copy to the Borrower) that the Borrower or Required Lenders (as applicable)
have determined, that:

 

(i)
adequate and reasonable means do not exist for ascertaining LIBOR for any requested Interest Period, including, without limitation,
because the LIBOR Screen Rate is not available or published on a current basis and such circumstances are unlikely to be temporary;
or

 

(ii)
the administrator of the LIBOR Screen Rate or a Governmental Authority having jurisdiction over the Administrative Agent has made
a public statement identifying a specific date after which LIBOR or the LIBOR Screen Rate shall no longer be made available, or
used for determining the interest rate of loans (such specific date, the “Scheduled Unavailability Date”),
or

 

(iii)
syndicated loans currently being executed, or that include language similar to that contained in this Section, are being executed
or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace LIBOR,

 

then,
reasonably promptly after such determination by the Administrative Agent or receipt by the Administrative Agent of such notice,
as applicable, the Administrative Agent and the Borrower may amend this Agreement to replace LIBOR with an alternate benchmark
rate (including any mathematical or other adjustments to the benchmark (if any) incorporated therein), giving due consideration
to any evolving or then existing convention for similar U.S. dollar denominated syndicated credit facilities for such alternative
benchmarks (any such proposed rate, a “LIBOR Successor Rate”), together with any proposed LIBOR Successor Rate
Conforming Changes (as defined below) and any such amendment shall become effective at 5:00 p.m. on the fifth Business Day after
the Administrative Agent shall have posted such proposed amendment to all Lenders and the Borrower unless, prior to such time,
Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders do
not accept such amendment. Such LIBOR Successor Rate shall be applied in a manner consistent with market practice; provided that
to the extent such market practice is not administratively feasible for the Administrative Agent, such LIBOR Successor Rate shall
be applied in a manner as otherwise reasonably determined by the Administrative Agent.

 

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If
no LIBOR Successor Rate has been determined and the circumstances under clause (i) above exist or the Scheduled Unavailability
Date has occurred (as applicable), the Administrative Agent will promptly so notify the Borrower and each Lender. Thereafter,
(x) the obligation of the Lenders to make or maintain Eurodollar Rate Loans shall be suspended, (to the extent of the affected
Eurodollar Rate Loans or Interest Periods), and (y) the Eurodollar Rate component shall no longer be utilized in determining the
Base Rate. Upon receipt of such notice, the Borrower may revoke any pending request for a Borrowing of, conversion to or continuation
of Eurodollar Rate Loans (to the extent of the affected Eurodollar Rate Loans or Interest Periods) or, failing that, will be deemed
to have converted such request into a request for a Borrowing of Base Rate Loans (subject to the foregoing clause (y)) in the
amount specified therein.

 

Notwithstanding
anything else herein, any definition of LIBOR Successor Rate shall provide that in no event shall such LIBOR Successor Rate be
less than zero for purposes of this Agreement.

 

For
purposes hereof, “LIBOR Successor Rate Conforming Changes” means, with respect to any proposed LIBOR Successor
Rate, any conforming changes to the definition of Base Rate, Interest Period, timing and frequency of determining rates and making
payments of interest and other administrative matters as may be appropriate, in the discretion of the Administrative Agent in
consultation with the Borrower, to reflect the adoption of such LIBOR Successor Rate and to permit the administration thereof
by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent determines
that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration
of such LIBOR Successor Rate exists, in such other manner of administration as the Administrative Agent determines in consultation
with the Borrower is reasonably necessary in connection with the administration of this Agreement).

 

3.04
Increased Costs; Reserves on Eurodollar Rate Loans.

 

(a)
Increased Costs Generally. If any Change in Law shall:

 

(i)
impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against
assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any reserve requirement
contemplated by Section 3.04(e)) or the L/C Issuer;

 

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

 

(iii)
impose on any Lender or the L/C Issuer or the London interbank market any other condition, cost or expense affecting this Agreement
or Eurodollar Rate Loans made by such Lender or any Letter of Credit or participation therein;

 

and
the result of any of the foregoing shall be to increase the cost to such Lender of making, converting to, continuing or maintaining
any Loan (or of maintaining its obligation to make any such Loan), or to increase the cost to such Lender or the L/C Issuer of
participating in, issuing or maintaining any Letter of Credit (or of maintaining its obligation to participate in or to issue
any Letter of Credit), or to reduce the amount of any sum received or receivable by such Lender or the L/C Issuer hereunder (whether
of principal, interest or any other amount) then, upon request of such Lender or the L/C Issuer, the Borrower will pay to such
Lender or the L/C Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or the L/C Issuer,
as the case may be, for such additional costs incurred or reduction suffered.

 

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(b)
Capital Requirements. If any Lender or the L/C Issuer determines that any Change in Law affecting such Lender or the L/C
Issuer or any Lending Office of such Lender or such Lender’s or the L/C Issuer’s holding company, if any, regarding
capital or liquidity requirements has or would have the effect of reducing the rate of return on such Lender’s or the L/C
Issuer’s capital or on the capital of such Lender’s or the L/C Issuer’s holding company, if any, as a consequence
of this Agreement, the Commitments of such Lender or the Loans made by, or participations in Letters of Credit or Swingline Loans
held by, such Lender, or the Letters of Credit issued by the L/C Issuer, to a level below that which such Lender or the L/C Issuer
or such Lender’s or the L/C Issuer’s holding company could have achieved but for such Change in Law (taking into consideration
such Lender’s or the L/C Issuer’s policies and the policies of such Lender’s or the L/C Issuer’s holding
company with respect to capital adequacy), then from time to time the Borrower will pay to such Lender or the L/C Issuer, as the
case may be, such additional amount or amounts as will compensate such Lender or the L/C Issuer or such Lender’s or the
L/C Issuer’s holding company for any such reduction suffered.

 

(c)
Certificates for Reimbursement. A certificate of a Lender or the L/C Issuer setting forth the amount or amounts necessary
to compensate such Lender or the L/C Issuer or its holding company, as the case may be, as specified in subsection (a) or (b)
of this Section and delivered to the Borrower shall be conclusive absent manifest error. The Borrower shall pay the Administrative
Agent for the benefit of such Lender or the L/C Issuer, as the case may be, the amount shown as due on any such certificate within
ten days after receipt thereof.

 

(d)
Delay in Requests. Failure or delay on the part of any Lender or the L/C Issuer to demand compensation pursuant to the
foregoing provisions of this Section shall not constitute a waiver of such Lender’s or the L/C Issuer’s right to demand
such compensation, provided that the Borrower shall not be required to compensate a Lender or the L/C Issuer pursuant to
the foregoing provisions of this Section for any increased costs incurred or reductions suffered more than nine months prior to
the date that such Lender or the L/C Issuer, as the case may be, notifies the Borrower of the Change in Law giving rise to such
increased costs or reductions and of such Lender’s or the L/C Issuer’s intention to claim compensation therefor (except
that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the nine-month period referred
to above shall be extended to include the period of retroactive effect thereof).

 

(e)
Reserves on Eurodollar Rate Loans. The Borrower shall pay to each Lender, as long as such Lender shall be required to maintain
reserves with respect to liabilities or assets consisting of or including eurocurrency funds or deposits (currently known as “Eurocurrency
liabilities”), additional interest on the unpaid principal amount of each Eurodollar Rate Loan equal to the actual costs
of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall
be conclusive), which shall be due and payable on each date on which interest is payable on such Loan, provided the Borrower shall
have received at least ten (10) days’ prior notice (with a copy to the Administrative Agent) of such additional interest
or costs from such Lender. If a Lender fails to give notice ten (10) days prior to the relevant Interest Payment Date, such additional
interest shall be due and payable ten (10) days from receipt of such notice.

 

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3.05
Compensation for Losses.

 

Upon
demand of any Lender (with a copy to the Administrative Agent) from time to time, the Borrower shall promptly compensate such
Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of:

 

(a)
any continuation, conversion, payment or prepayment of any Eurodollar Rate Loan on a day other than the last day of the Interest
Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise);

 

(b)
any failure by the Borrower (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow, continue or
convert any Eurodollar Rate Loan on the date or in the amount notified by the Borrower; or

 

(c)
any assignment of a Eurodollar Rate Loan on a day other than the last day of the Interest Period therefor as a result of a request
by the Borrower pursuant to Section 11.13;

 

including
any loss of anticipated profits and any loss or expense arising from the liquidation or reemployment of funds obtained by it to
maintain such Loan or from fees payable to terminate the deposits from which such funds were obtained. The Borrower shall also
pay any customary administrative fees charged by such Lender in connection with the foregoing.

 

For
purposes of calculating amounts payable by the Borrower to the Lenders under this Section 3.05, each Lender shall be deemed
to have funded each Eurodollar Rate Loan made by it at the Eurodollar Rate used in determining the Eurodollar Rate for such Loan
by a matching deposit or other borrowing in the London interbank eurodollar market for a comparable amount and for a comparable
period, whether or not such Eurodollar Rate Loan was in fact so funded.

 

3.06
Mitigation Obligations; Replacement of Lenders.

 

(a)
Designation of a Different Lending Office. If any Lender requests compensation under Section 3.04, or requires the
Borrower to pay any Indemnified Taxes or additional amounts to any Lender, the L/C Issuer, or any Governmental Authority for the
account of any Lender or the L/C Issuer pursuant to Section 3.01, or if any Lender gives a notice pursuant to Section
3.02, then at the request of the Borrower such Lender or the L/C Issuer, as applicable, shall use reasonable efforts to designate
a different Lending Office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another
of its offices, branches or affiliates, if, in the judgment of such Lender or the L/C Issuer, as applicable, such designation
or assignment (i) would eliminate or reduce amounts payable pursuant to Section 3.01 or 3.04, as the case may be,
in the future, or eliminate the need for the notice pursuant to Section 3.02, as applicable, and (ii) in each case, would
not subject such Lender or the L/C Issuer, as the case may be, to any unreimbursed cost or expense and would not otherwise be
disadvantageous to such Lender or the L/C Issuer, as the case may be. The Borrower hereby agrees to pay all reasonable costs and
expenses incurred by any Lender or the L/C Issuer in connection with any such designation or assignment.

 

(b)
Replacement of Lenders. If any Lender requests compensation under Section 3.04, or if the Borrower is required to
pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant
to Section 3.01 and, in each case, such Lender has declined or is unable to designate a different lending office in accordance
with Section 3.06(a), the Borrower may replace such Lender in accordance with Section 11.13.

 

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3.07
Survival.

 

All
of the Loan Parties’ obligations under this Article III shall survive termination of the Aggregate Revolving Commitments,
repayment of all other Obligations hereunder, resignation of the Administrative Agent and the Facility Termination Date.

 

Article
IV.

 

CONDITIONS
PRECEDENT TO CREDIT EXTENSIONS

 

4.01
Conditions of Initial Credit Extension.

 

This
Agreement shall become effective upon, and the obligation of the L/C Issuer and each Lender to make its initial Credit Extension
hereunder is subject to, the satisfaction of the following conditions precedent:

 

(a)
Receipt by the Administrative Agent of the following, each in form and substance satisfactory to the Administrative Agent and
each Lender:

 

(i)
Loan Documents. Executed counterparts of this Agreement and the other Loan Documents, each properly executed by a Responsible
Officer of the signing Loan Party and, in the case of this Agreement, by each Lender.

 

(ii)
Opinions of Counsel. Favorable opinions of legal counsel to the Loan Parties, addressed to the Administrative Agent and
each Lender, dated as of the Closing Date.

 

(iii)
Organization Documents, Resolutions, Etc.

 

(A)
copies of the Organization Documents of each Loan Party certified to be true and complete as of a recent date by the appropriate
Governmental Authority of the state or other jurisdiction of its incorporation or organization, where applicable, and certified
by a secretary or assistant secretary of such Loan Party to be true and correct as of the Closing Date;

 

(B)
such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of
each Loan Party as the Administrative Agent may require evidencing the identity, authority and capacity of each Responsible Officer
thereof authorized to act as a Responsible Officer in connection with this Agreement and the other Loan Documents to which such
Loan Party is a party; and

 

(C)
such documents and certifications as the Administrative Agent may reasonably require to evidence that each Loan Party is duly
organized or formed, and is validly existing, in good standing and qualified to engage in business in its state of organization
or formation.

 

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(iv)
Personal Property Collateral.

 

(A)
UCC financing statements for each appropriate jurisdiction as is necessary, in the Administrative Agent’s reasonable discretion,
to perfect the Administrative Agent’s security interest in the Collateral;

 

(B)
all certificates evidencing any certificated Capital Stock pledged to the Administrative Agent pursuant to the Security Agreement,
together with duly executed in blank, undated stock powers attached thereto (unless, with respect to the pledged Capital Stock
of any Foreign Subsidiary, such stock powers are deemed unnecessary by the Administrative Agent in its reasonable discretion under
the Law of the jurisdiction of organization of such Person); and

 

(C)
duly executed notices of grant of security interest in the form required by the Security Agreement as are necessary, in the Administrative
Agent’s sole discretion, to perfect the Administrative Agent’s security interest in the United States registered intellectual
property of the Loan Parties.

 

(v)
Evidence of Insurance. Copies of insurance policies or certificates of insurance of the Loan Parties evidencing liability
and casualty insurance meeting the requirements set forth in the Loan Documents, including naming the Administrative Agent and
its successors and assigns as additional insured (in the case of liability insurance) or lender’s loss payee (in the case
of property insurance) on behalf of the Lenders.

 

(vi)
Closing Certificate. A certificate signed by a Responsible Officer of the Borrower certifying that the conditions specified
in Sections 4.02(a) and 4.02(b) have been satisfied.

 

(b)
Closing Date Acquisition.

 

(i)
The final terms and conditions of the Closing Date Acquisition shall be reasonably satisfactory to the Administrative Agent and
the Borrower shall have delivered to the Administrative Agent true and complete copies of the Closing Date Acquisition Documents
(and all schedules and exhibits thereto) and any and all amendments or modifications thereto; and

 

(ii)
The Closing Date Acquisition shall have been consummated substantially concurrently with the initial funding of the Credit Extensions
under this Agreement on the Closing Date, in compliance with applicable Law and in accordance in all material respects with the
applicable Closing Date Acquisition Documents.

 

(c)
KYC Information.

 

(i)
Upon the reasonable request of any Lender made at least ten days prior to the Closing Date, the Borrower shall have provided to
such Lender the documentation and other information so requested in connection with applicable “know your customer”
and anti-money-laundering rules and regulations, including the PATRIOT Act, in each case at least five days prior to the Closing
Date.

 

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(ii)
At least five days prior to the Closing Date, if the Borrower qualifies as a “legal entity customer” under the Beneficial
Ownership Regulation, it shall deliver a Beneficial Ownership Certification in relation to the Borrower.

 

(d)
Fees. Receipt by the Administrative Agent, the Arrangers and the Lenders of any fees required to be paid on or before the
Closing Date.

 

(e)
Attorney Costs. The Borrower shall have paid all fees, charges and disbursements of counsel to the Administrative Agent
(directly to such counsel if requested by the Administrative Agent) to the extent invoiced prior to or on the Closing Date, plus
such additional amounts of such fees, charges and disbursements as shall constitute its reasonable estimate of such fees, charges
and disbursements incurred or to be incurred by it through the closing proceedings (provided that such estimate shall not thereafter
preclude a final settling of accounts between the Borrower and the Administrative Agent).

 

Without
limiting the generality of the provisions of the last paragraph of Section 9.03, for purposes of determining compliance
with the conditions specified in this Section 4.01, each Lender that has signed this Agreement shall be deemed to have
consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented
to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such
Lender prior to the proposed Closing Date specifying its objection thereto.

 

4.02
Conditions to all Credit Extensions.

 

The
obligation of each Lender and the L/C Issuer to honor any Request for Credit Extension (other than a Loan Notice requesting only
a conversion of Loans to the other Type, or a continuation of Eurodollar Rate Loans) is subject to the following conditions precedent:

 

(a)
Subject to Section 1.08 in the case of an Incremental Term Facility used to finance a Limited Condition Acquisition, the
representations and warranties of each Loan Party contained in this Agreement or any other Loan Document, or which are contained
in any document furnished at any time under or in connection herewith or therewith, shall be true and correct in all material
respects (other than those representations and warranties that are expressly qualified by concepts of materiality or a Material
Adverse Effect, in which case such representations and warranties shall be true and correct in all respects) on and as of the
date of such Credit Extension, except to the extent that such representations and warranties specifically refer to an earlier
date, in which case they shall be true and correct in all material respects (other than those representations and warranties that
are expressly qualified by concepts of materiality or a Material Adverse Effect, in which case such representations and warranties
shall be true and correct in all respects) as of such earlier date.

 

(b)
Subject to Section 1.08 in the case of an Incremental Term Facility used to finance a Limited Condition Acquisition, no
Default shall exist, or would result from such proposed Credit Extension or from the application of the proceeds thereof.

 

(c)
The Administrative Agent and, if applicable, the L/C Issuer or the Swingline Lender shall have received a Request for Credit Extension
in accordance with the requirements hereof.

 

Each
Request for Credit Extension (other than a Loan Notice requesting only a conversion of Loans to the other Type, or a continuation
of Eurodollar Rate Loans) submitted by the Borrower shall be deemed to be a representation and warranty that the conditions specified
in Sections 4.02(a) and (b) have been satisfied on and as of the date of the applicable Credit Extension.

 

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Article
V.

 

REPRESENTATIONS
AND WARRANTIES

 

Each
Loan Party represents and warrants to the Administrative Agent and the Lenders as follows:

 

5.01
Existence; Power.

 

The
Parent and each of its Subsidiaries (a) is duly organized, validly existing and in good standing as a corporation, partnership
or limited liability company under the applicable Laws of the jurisdiction of its organization, (b) has all requisite power and
authority to carry on its business as now conducted, and (c) is duly qualified to do business, and is in good standing, in each
jurisdiction where such qualification is required, except where a failure to be so qualified would not reasonably be expected
to result in a Material Adverse Effect.

 

5.02
Organizational Power; Authority.

 

The
execution, delivery and performance by each Loan Party of the Loan Documents to which it is a party are within such Loan Party’s
organizational powers and have been duly authorized by all necessary organizational, and if required, shareholder, partner or
member, action. This Agreement has been duly executed and delivered by each Loan Party, and constitutes, and each other Loan Document
to which any Loan Party is party, when executed and delivered by such Loan Party, will constitute a legal, valid and binding obligation
of each Loan Party, enforceable against such Loan Party party thereto, in accordance with their respective terms, except as may
be limited by applicable bankruptcy, insolvency, reorganization, moratorium, or similar Laws affecting the enforcement of creditors’
rights generally and by general principles of equity.

 

5.03
Governmental Approvals; No Conflicts.

 

The
execution, delivery and performance by each Loan Party of this Agreement, and by each Loan Party of the other Loan Documents to
which it is a party (a) do not require any consent or approval of, registration or filing with, or any action by, any Governmental
Authority, except (i) those as have been obtained or made and are in full force and effect and (ii) filings necessary to perfect
and maintain the perfection of the Liens created by the Collateral Documents, (b) will not violate the Organization Documents
of any Loan Party or any Law applicable to the Parent or any of its Subsidiaries or any judgment, order or ruling of any Governmental
Authority, (c) will not violate or result in a default under (i) any indenture, agreement or other instrument evidencing borrowed
money Indebtedness of any of the Loan Parties and their Subsidiaries or (ii) without duplication to the foregoing clause (c)(i),
any agreement disclosed in the Parent’s public filings with the SEC as a “Material Definitive Agreement” and
(d) will not result in the creation or imposition of any Lien on any asset of the Parent or any of its Subsidiaries, except Liens
(if any) created under the Loan Documents.

 

5.04
Financial Statements.

 

(a)
Each of the consolidated balance sheets included in the Parent’s Quarterly Report on form 10-Q for the quarterly period
ended March 31, 2019 and the Parent’s Annual Report on Form 10-K for the Fiscal Year ended December 31, 2018, in each case
on file with the SEC, fairly presents in all material respects the consolidated financial position of the Parent and its consolidated
Subsidiaries as of its date, and each of the consolidated statements of operations and comprehensive income, consolidated statements
of the changes in stockholders’ equity and consolidated statements of cash flows included therein fairly presents in all
material respects the financial position of the Parent and its consolidated Subsidiaries and the results of their operations and
their cash flows for the periods set forth therein (subject, in the case of unaudited statements, to notes and normal year-end
adjustments), in each case in accordance with GAAP consistently applied during the periods involved, except as may be noted therein.

 

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(b)
Since December 31, 2018, there have been no changes with respect to the Parent and its Subsidiaries which have had or would reasonably
be expected to have, singly or in the aggregate, a Material Adverse Effect.

 

5.05
Litigation and Environmental Matters.

 

(a)
No litigation, investigation or proceeding of or before any arbitrators or Governmental Authorities is pending against or, to
the actual knowledge of any Responsible Officer of any Loan Party, threatened against or affecting the Parent or any of its Subsidiaries
(i) as to which there is a reasonable possibility of an adverse determination that would reasonably be expected to have, either
individually or in the aggregate, a Material Adverse Effect or (ii) which in any manner draws into question the validity or enforceability
of this Agreement or any other Loan Document.

 

(b)
Neither the Parent nor any of its Subsidiaries (i) has failed to comply with any applicable Environmental Law or to obtain, maintain
or comply with any permit, license or other approval required under any applicable Environmental Law, (ii) has to the actual knowledge
of any Responsible Officer of any Loan Party, become subject to any Environmental Liability or (iii) has received written notice
of any claim with respect to any Environmental Liability.

 

5.06
Compliance with Laws.

 

(a)
The Parent and each Subsidiary is in compliance with (i) all applicable Laws and all judgments, decrees and orders of any Governmental
Authority (including, without limitation, all applicable Healthcare Laws) and (ii) all indentures, agreements or other instruments
binding upon it or its properties, except where non-compliance, either individually or in the aggregate, would not reasonably
be expected to result in a Material Adverse Effect.

 

(b)
The Parent and each of its Subsidiaries has all required licenses, permits, certifications, authorizations and approvals of each
Governmental Authority necessary to the conduct of its respective business, including without limitation any required under applicable
Healthcare Laws (collectively, “Healthcare Permits”), except those the absence of which would not reasonably
be expected to result in a Material Adverse Effect.

 

(c)
Neither the Parent nor any Subsidiary, nor to the actual knowledge of a Responsible Officer of the Parent or any Subsidiary, any
employee, officer or director of the Parent or any Subsidiary, has received from any Governmental Authority written notices of
violations, warning letters, criminal proceeding notices or other enforcement actions, investigations, or inquiries under any
applicable Healthcare Laws, or other similar communication from the Governmental Authority alleging or asserting noncompliance
with any applicable Healthcare Laws.

 

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(d)
Neither the Parent nor any Subsidiary, nor any officer, director, manager, employee or any other personnel of the Parent or any
Subsidiary has now, or in the past, been (i) subject to a corporate integrity agreement with the United States Department of Health
and Human Services Office of the Inspector General or a similar agreement (e.g., deferred prosecution agreement) with any other
Governmental Authority; (ii) has been convicted of or charged with any violation of any applicable Healthcare Laws; or (iii) has
been convicted of, charged with, or, to the actual knowledge of any Responsible Officer of any Loan Party, investigated, for any
violation of applicable Healthcare Laws or any applicable Law, fraud, theft, embezzlement, breach of fiduciary responsibility,
financial misconduct, or obstruction of an investigation, including without limitation any that might reasonably be expected to
result in exclusion, suspension or debarment from any program of any Governmental Authority.

 

(e)
The Parent and its Subsidiaries have not, and to the actual knowledge of any Responsible Officer of any Loan Party, no officer,
director, manager, employee or any other personnel of the Parent has, directly or indirectly, in violation of any applicable Healthcare
Laws, made, agreed to make, received or agreed to receive, any contribution, gift, bribe, rebate, payoff, influence payment, kickback
or other payment to any Person, regardless of form, whether in money, property or services, with the specific purpose of (i) obtaining
favorable treatment in securing business for or in respect of the Parent or any of its Subsidiaries in violation of applicable
Healthcare Laws; (ii) paying for favorable treatment for business secured for or in respect of the Parent or any of its Subsidiaries
in violation of applicable Healthcare Laws; or (iii) inducing a referral of an individual to the Parent or any of its Subsidiaries.

 

(f)
The Parent and its Subsidiaries have been, and are, in material compliance with all Healthcare Laws applicable to Personal Information.
The Parent and its Subsidiaries have maintained in effect a data privacy and security policy that materially complies with Healthcare
Laws applicable to the conduct of its business and the types of information that the Parent and its Subsidiaries collect from
individuals and the Parent’s and its Subsidiaries’ uses and discloses of such information. The Parent and its Subsidiaries
have not received written notice, or to the actual knowledge of any Responsible Officer of any Loan Party, oral notice, of any
claim that the Parent, any of its Subsidiaries, or any of their respective contractors or employees, have breached any Healthcare
Laws applicable to the collection, use or disclosure of Personal Information.

 

5.07
No Default.

 

No
Default has occurred and is continuing.

 

5.08
Investment Company Act, Etc.

 

Neither
the Parent nor any of its Subsidiaries is (a) an “investment company” or is “controlled” by an “investment
company”, as such terms are defined in, or subject to regulation under, the Investment Company Act of 1940, as amended,
or (b) otherwise subject to any other regulatory scheme limiting its ability to incur debt or requiring any approval or consent
from or registration or filing with, any Governmental Authority in connection therewith.

 

5.09
Taxes.

 

The
Parent and its Subsidiaries and each other Person for whose taxes the Parent or any Subsidiary would become liable have timely
filed or caused to be filed all federal, state and other material tax returns required to be filed by them, and have paid all
federal, state and other material taxes, assessments made against it or its property and all other taxes, fees or other charges
imposed on it or any of its property by any Governmental Authority, except where the same are currently being contested in good
faith by appropriate proceedings and for which the Parent or such Subsidiary, as the case may be, has set aside on its books adequate
reserves as would be required in accordance with GAAP. The charges, accruals and reserves on the books of the Parent and its Subsidiaries
in respect of such taxes are adequate, and no tax liabilities that would be materially in excess of the amount so provided are
anticipated.

 

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5.10
Margin Regulations.

 

None
of the proceeds of any of the Loans or Letters of Credit will be used, directly or indirectly, for “purchasing” or
“carrying” any “margin stock” with the respective meanings of each of such terms under Regulation U or
for any purpose that violates the provisions of the Regulation T, U or X. Neither the Parent nor its Subsidiaries is engaged principally,
or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying “margin
stock.”

 

5.11
ERISA.

 

No
ERISA Event has occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events for which
liability is reasonably expected to occur, would reasonably be expected to result in a Material Adverse Effect. The present value
of all accumulated benefit obligations under each Plan (based on the assumptions used for purposes of Statement of Financial Standards
No. 87) did not, as of the date of the most recent financial statements reflecting such amounts, exceed the fair market value
of the assets of such Plan, and the present value of all accumulated benefit obligations of all underfunded Plans (based on the
assumptions used for purposes of Statement of Financial Standards No. 87) did not, as of the date of the most recent financial
statements reflecting such amounts, exceed the fair market value of the assets of all such underfunded Plans.

 

5.12
Ownership of Property and Insurance.

 

(a)
Each of the Parent and its Subsidiaries has good title to, or valid leasehold interests in, all of its real and personal property
material to the operation of its business, including all such properties reflected in the financial statements for the Fiscal
Year ended December 31, 2018 or the most recent consolidated balance sheet of the Parent delivered pursuant to Section 6.01(a)
or purported to have been acquired by the Parent or any Subsidiary after said date (except as sold or otherwise disposed of
in the ordinary course of business), in each case free and clear of Liens other than Liens permitted by Section 7.02. All
leases that individually or in the aggregate are material to the business or operations of the Parent and its Subsidiaries are
valid and subsisting and are in full force.

 

(b)
Each of the Parent and its Subsidiaries owns, or is licensed, or otherwise has the right, to use, all patents, trademarks, service
marks, trade names, copyrights and other intellectual property material to its business, and the use thereof by the Parent and
its Subsidiaries does not, to the actual knowledge of any Responsible Officer of any Loan Party, infringe in any material respect
on the rights of any other Person.

 

(c)
The properties of the Parent and its Subsidiaries are insured with insurance companies that are, in the Parent’s reasonable
business judgment, financially sound and reputable, which are not Affiliates of the Parent, in such amounts with such deductibles
and covering such risks as, in the Parent’s reasonable business judgment, are customarily carried by companies engaged in
similar businesses and owning similar properties in localities where the Parent or any applicable Subsidiary operates.

 

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5.13
Disclosure.

 

Each
Loan Party has disclosed to the Administrative Agent and Lenders all agreements, instruments, and corporate or other restrictions
to which it or any of its Subsidiaries is subject, and all other matters actually known to any Responsible Officer of such Loan
Party, that, individually or in the aggregate, would reasonably be expected to result in a Material Adverse Effect. None of the
reports (including without limitation all reports that any Loan Party has filed with the SEC), financial statements, certificates
or other written information furnished by or on behalf of any Loan Party to the Administrative Agent or any Lender connection
with the negotiation of this Agreement or any other Loan Document or delivered hereunder or thereunder (as modified or supplemented
in writing by any other information so furnished) contains any material misstatement of fact or omits to state any material fact
necessary to make the statements therein, taken as a whole, in light of the circumstances under which they were made, not misleading;
provided, that, with respect to projected financial information or statements regarding the outcome of, or expected fines
and penalties arising from, pending litigation, investigations, or other proceedings, the Parent represents only that such information
was prepared in good faith based upon assumptions believed to be reasonable at the time. As of the Closing Date, the information
included in the Beneficial Ownership Certification is true and correct in all respects.

 

5.14
Labor Relations.

 

There
are no strikes, lockouts or other material labor disputes or grievances against the Parent or any of its Subsidiaries, or, to
the actual knowledge of any Responsible Officer of any Loan Party, threatened against or affecting the Parent or any of its Subsidiaries,
and no significant unfair labor practice, charges or grievances are pending against the Parent or any of its Subsidiaries, or
to the actual knowledge of any Responsible Officer of any Loan Party, threatened against any of them before any Governmental Authority.
All payments due from the Parent or any of its Subsidiaries pursuant to the provisions of any collective bargaining agreement
have been paid or accrued as a liability on the books of the Parent or any such Subsidiary, except where the failure to do so
would not reasonably be expected to have a Material Adverse Effect.

 

5.15
Subsidiaries.

 

Schedule
5.15 sets forth (a) the name of, the ownership interest of each Loan Party in, the jurisdiction of incorporation or organization
of, and the type of, each Subsidiary and identifies each Subsidiary that is a Loan Party, in each case as of the Closing Date
and (b) the authorized Capital Stock of the Parent and each of its Subsidiaries as of the Closing Date. All issued and outstanding
Capital Stock of the Parent and each of its Subsidiaries is duly authorized and validly issued, fully paid, non-assessable, as
applicable, and, solely with respect to the Subsidiaries, free and clear of all Liens other than those in favor of the Administrative
Agent, for the benefit of the holders of the Obligations. All such securities were issued in compliance in all material respects
with all applicable state and federal Laws concerning the issuance of securities. As of the Closing Date, all of the issued and
outstanding Capital Stock of the Subsidiaries is owned by the Persons and in the amounts set forth on Schedule 5.15. Except
as set forth on Schedule 5.15, there are no pre-emptive or other outstanding rights, options, warrants, conversion rights
or other similar agreements or understandings for the purchase or acquisition of any Capital Stock of any of the Subsidiaries
of the Parent.

 

5.16
Solvency.

 

After
giving effect to the execution and delivery of the Loan Documents and the making of the Loans under this Agreement, the Loan Parties
are Solvent on a consolidated basis.

 

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5.17
Business Locations; Taxpayer Identification Number.

 

Set
forth on Schedule 5.17-1 is a list of all real property located in the United States that is owned or leased by any Loan
Party as of the Closing Date (identifying whether such real property is owned or leased and which Loan Party owns or leases such
real property). Set forth on Schedule 5.17-2 is the chief executive office, U.S. tax payer identification number and organizational
identification number of each Loan Party as of the Closing Date. The exact legal name and state of organization of each Loan Party
as of the Closing Date is as set forth on the signature pages hereto. Except as set forth on Schedule 5.17-3, no Loan Party
has during the five years preceding the Closing Date (i) changed its legal name, (ii) changed its state of formation, or (iii)
been party to a merger, consolidation or other change in structure.

 

5.18
Anti-Corruption Laws and Sanctions.

 

The
Parent has implemented and maintains in effect policies and procedures designed to promote and achieve compliance in all material
respects by the Parent, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws
and applicable Sanctions, and the Parent, its Subsidiaries and their respective officers and employees and to the actual knowledge
of the Responsible Officers of the Parent its directors and agents, are in compliance with Anti-Corruption Laws and applicable
Sanctions in all material respects. None of (a) the Parent, any Subsidiary or any of their respective officers or employees, or
(b) to the actual knowledge of the Responsible Officers of the Parent, any director or agent of the Parent or any Subsidiary that
will act in any capacity in connection with or benefit from the credit facilities established hereby, is a Sanctioned Person.
No Borrowing or Letter of Credit, use of proceeds or other transactions will violate Anti-Corruption Laws or applicable Sanctions.

 

5.19
Perfection of Security Interests in the Collateral.

 

The
Collateral Documents are effective to create in favor of the Administrative Agent, for the benefit of itself and the holders of
the Obligations, a legal, valid and enforceable security interest in the Collateral identified therein, except to the extent the
enforceability thereof may be limited by applicable Debtor Relief Laws affecting creditors’ rights generally and by equitable
principles of law (regardless of whether enforcement is sought in equity or at law), and the Collateral Documents shall create
a fully perfected Lien on, and security interest in, all right, title and interest of the obligors thereunder in such Collateral,
in each case prior and superior in right to any other Lien (other than Permitted Encumbrances or as otherwise permitted under
Section 7.02) (i) with respect to any such Collateral that is a “security” (as such term is defined in the
UCC) and is evidenced by a certificate, when such Collateral is delivered to the Administrative Agent, for the benefit of itself
and the holders of the Obligations, with duly executed stock powers with respect thereto, (ii) with respect to any such Collateral
that is a “security” (as such term is defined in the UCC) but is not evidenced by a certificate, when UCC financing
statements in appropriate form are filed in the appropriate filing offices in the jurisdiction of organization of the pledgor
or when “control” (as such term is defined in the UCC) is established by the Administrative Agent, for the benefit
of itself and the holders of the Obligations, over such interests in accordance with the provision of Section 8-106 of the UCC,
or any successor provision, and (iii) with respect to any such Collateral that is not a “security” (as such term is
defined in the UCC), when UCC financing statements in appropriate form are filed in the appropriate filing offices in the jurisdiction
of organization of the pledgor (to the extent such security interest can be perfected by filing under the UCC).

 

5.20
Insurance Licenses.

 

The
Parent and each Subsidiary has all Insurance Licenses necessary (if any) to conduct its business as presently conducted, except
those the absence of which would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse
Effect. To the actual knowledge of any Responsible Officer of the Parent or any Subsidiary, (a) no Insurance License of any Subsidiary
is the subject of a proceeding for suspension or revocation or any similar proceedings, (b) there is no sustainable basis for
such a suspension or revocation, and (c) no such suspension or revocation, or fine or penalty is threatened by any Applicable
Insurance Regulatory Authority; except, in each case referred to in clauses (a) through (c), to the extent that
such event would not reasonably be expected to have a Material Adverse Effect.

 

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5.21
No EEA Financial Institution or Covered Entity.

 

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

 

Article
VI.

 

AFFIRMATIVE
COVENANTS

 

Until
the Facility Termination Date, each Loan Party shall and shall cause each Subsidiary to:

 

6.01
Financial Statements and Other Information.

 

Deliver
to the Administrative Agent and each Lender:

 

(a)
as soon as available and in any event within 90 days after the end of each Fiscal year, a copy of the annual audited report for
such Fiscal Year for the Parent and its Subsidiaries, containing a consolidated balance sheet of the Parent and its Subsidiaries
as of the end of such Fiscal Year and the related consolidated statements of income or operations, changes in stockholders’
equity and cash flows (together with all footnotes thereto) of the Parent and its Subsidiaries for such Fiscal Year, setting forth
in each case in comparative form the figures for the previous Fiscal Year, all in reasonable detail and reported on by independent
public accountants of nationally recognized standing (without a “going concern” or like qualification, exception or
explanation and without any qualification or exception as to scope of such audit) to the effect that such financial statements
present fairly in all material respects the financial condition and the results of operations of the Parent and its Subsidiaries
for such Fiscal Year on a consolidated basis in accordance with GAAP and that the examination by such accountants in connection
with such consolidated financial statements has been made in accordance with GAAP; provided that delivery within the time
period specified above of copies of the Annual Report on Form 10-K of the Parent filed with the SEC shall be deemed to satisfy
the requirements of this Section 6.01(a);

 

(b)
as soon as available and in any event within 45 days after the end of each of the first three Fiscal Quarters of each Fiscal Year,
an unaudited consolidated balance sheet of the Parent and its Subsidiaries as of the end of such Fiscal Quarter and the related
unaudited consolidated statements of income or operations, changes in stockholders’ equity and cash flows of the Parent
and its Subsidiaries for such Fiscal Quarter and the then elapsed portion of such Fiscal Year, setting forth in each case in comparative
form the figures for the corresponding quarter and the corresponding portion of Parent’s previous Fiscal Year, all in reasonable
detail and prepared in accordance with GAAP, such consolidated statements to be certified by the chief executive officer, chief
financial officer, treasurer or controller of the Parent as presenting fairly the financial condition, results of operations,
stockholders’ equity and cash flows of the Parent and its Subsidiaries in accordance GAAP, subject only to normal year-end
audit adjustments and the absence of footnotes; provided that delivery within the time period specified above of copies
of the Quarterly Report on Form 10-Q of the Parent filed with the SEC shall be deemed to satisfy the requirements of this Section
6.01(b);

 

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(c)
concurrently with the delivery of the financial statements referred to in clauses (a) and (b) above, a Compliance
Certificate signed by the principal executive officer or the principal financial officer of the Parent (i) certifying as to whether
there exists a Default or Event of Default on the date of such certificate, and if a Default or an Event of Default then exists,
specifying the details thereof and the action that the Loan Parties have taken or propose to take with respect to such Default
or Event of Default, (ii) setting forth in reasonable detail calculations demonstrating compliance with the financial covenants
set forth in Section 7.20, (iii) certifying that as of the date thereof, all representations and warranties of each Loan
Party set forth in the Loan Documents are true and correct in all material respects (other than those representations and warranties
that are expressly qualified by concepts of materiality or a Material Adverse Effect, in which case such representations and warranties
are true and correct in all respects), except to the extent that such representations and warranties specifically refer to an
earlier date, in which case they are true and correct in all material respects as of such earlier date (other than those representations
and warranties that are expressly qualified by concepts of materiality or a Material Adverse Effect, in which case such representations
and warranties shall be true and correct in all respects as of such earlier date), (iv) stating whether any change in GAAP has
occurred since December 31, 2018, and if any change has occurred, specifying the effect of such change on the financial statements
accompanying such Compliance Certificate (provided, that any such statement contained in the Annual Report on Form 10-K
of the Parent or the Quarterly Report on Form 10-Q of the Parent filed with the SEC shall be deemed to satisfy the requirements
of this clause (iv)), (v) specifying any change in the identity of the Subsidiaries as of the end of such Fiscal Year or Fiscal
Quarter from the Subsidiaries identified to the Administrative Agent and the Lenders on the Closing Date or as of the most recent
Fiscal Year or Fiscal Quarter, as the case may be and (vi) setting forth Investments made by any Loan Party or Subsidiary (other
than any Insurance Subsidiary) in the Insurance Subsidiaries that are eliminated upon consolidation in accordance with GAAP;

 

(d)
(i) as soon as available and in any event within 90 days after the end of the Fiscal Year, a preliminary pro forma budget for
the succeeding Fiscal Year, containing an income statement, balance sheet and statement of cash flow of the Parent and its Subsidiaries
on a quarterly basis for such succeeding Fiscal Year (“Pro Forma Budget”), as well as a preliminary pro forma
budget for the succeeding Fiscal Year, containing combined income statements, balance sheets and statements of cash flow of the
Parent and its Subsidiaries but excluding the Insurance Subsidiaries on a quarterly basis for such succeeding Fiscal Year, and
(ii) promptly after it has been approved by the Parent’s board of directors, the final (as approved by the Parent’s
board of directors) Pro Forma Budget;

 

(e)
(i) promptly after the same become publicly available, copies of all periodic and other reports, proxy statements and other materials
filed with the SEC, or with any national securities exchange, or distributed by the Parent to its shareholders generally, as the
case may be, and (ii) promptly after the same are filed with the Applicable Department of Insurance, copies of each Insurance
Subsidiary’s Quarterly Statutory Statements and Annual Statutory Statement; and

 

(f)
promptly following any request therefor, such other information regarding the results of operations, business affairs and financial
condition of the Parent or any Subsidiary as the Administrative Agent or any Lender may reasonably request.

 

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As
to any information contained in materials furnished pursuant to Section 6.01(e), the Borrower shall not be separately required
to furnish such information under Section 6.01(a) or 6.01(b), but the foregoing shall not be in derogation of the
obligation of the Borrower to furnish the information and materials described in Section 6.01(a) or 6.01(b) at the
times specified therein.

 

Documents
required to be delivered pursuant to Section 6.01(a) or 6.01(b) or Section 6.01(e) (to the extent any such
documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be
deemed to have been delivered on the date (i) on which the Borrower posts such documents, or provides a link thereto on the Borrower’s
website on the Internet at the website address listed on Schedule 11.02; or (ii) on which such documents are posted on
the Borrower’s behalf on an Internet or intranet website, if any, to which each Lender and the Administrative Agent have
access (whether a commercial, third party website or whether sponsored by the Administrative Agent); provided that the
Borrower shall notify the Administrative Agent (by facsimile or e-mail) of the posting of any such documents and provide to the
Administrative Agent by e-mail electronic versions (i.e., soft copies) of such documents. The Administrative Agent shall
have no obligation to request the delivery of or to maintain paper copies of the documents referred to above, and in any event
shall have no responsibility to monitor compliance by the Borrower with any such request by a Lender for delivery, and each Lender
shall be solely responsible for requesting delivery to it or maintaining its copies of such documents.

 

The
Borrower hereby acknowledges that (a) the Administrative Agent and/or an Affiliate thereof may, but shall not be obligated to,
make available to the Lenders and the L/C Issuer materials and/or information provided by or on behalf of the Borrower hereunder
(collectively, “Borrower Materials”) by posting the Borrower Materials on IntraLinks, Syndtrak, ClearPar or
a substantially similar electronic transmission system (the “Platform”) and (b) certain of the Lenders (each
a “Public Lender”) may have personnel who do not wish to receive material non-public information with respect
to the Borrower or its Affiliates, or the respective securities of any of the foregoing, and who may be engaged in investment
and other market-related activities with respect to such Persons’ securities. The Borrower hereby agrees that it will use
commercially reasonable efforts to identify that portion of the Borrower Materials that may be distributed to the Public Lenders
and that (w) all such Borrower Materials shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall
mean that the word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower Materials
“PUBLIC,” the Borrower shall be deemed to have authorized the Administrative Agent, any Affiliate thereof, the L/C
Issuer and the Lenders to treat such Borrower Materials as not containing any material non-public information (although it may
be sensitive and proprietary) with respect to the Borrower or its securities for purposes of United States federal and state securities
Laws (provided, however, that to the extent such Borrower Materials constitute Information, they shall be treated
as set forth in Section 11.07); (y) all Borrower Materials marked “PUBLIC” are permitted to be made available
through a portion of the Platform designated “Public Side Information;” and (z) the Administrative Agent and any Affiliate
thereof shall be entitled to treat any Borrower Materials that are not marked “PUBLIC” as being suitable only for
posting on a portion of the Platform not designated as “Public Side Information.” Notwithstanding the foregoing, the
Borrower shall be under no obligation to mark any Borrower Materials “PUBLIC.”

 

6.02
Notices of Material Events.

 

Furnish
to the Administrative Agent and each Lender prompt written notice of the following of which any Responsible Officer of any Loan
Party obtains actual knowledge:

 

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

 

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(b)
the filing or commencement of, or any material development in, any action, suit or proceeding by or before any arbitrator or Governmental
Authority against or affecting the Parent or any Subsidiary which, if adversely determined, would reasonably be expected to result
in a Material Adverse Effect;

 

(c)
the occurrence of any event or any other development by which the Parent or any of its Subsidiaries (i) fails to comply with any
applicable Environmental Law or to obtain, maintain or comply with any permit, license or other approval required under any applicable
Environmental Law, (ii) becomes subject to any Environmental Liability, (iii) receives written notice of any claim with respect
to any Environmental Liability, or (iv) becomes aware of any basis for any Environmental Liability and in each of the preceding
clauses, which individually or in the aggregate, would reasonably be expected to result in a Material Adverse Effect;

 

(d)
the occurrence of any ERISA Event that alone, or together with any other ERISA Events that have occurred, would reasonably be
expected to result in liability of the Parent and its Subsidiaries in an aggregate amount exceeding $1,000,000;

 

(e)
the occurrence of any default or event of default, or the receipt by Parent or any of its Subsidiaries of any written notice of
an alleged default or event of default, with respect to any Material Indebtedness of the Parent or any of its Subsidiaries;

 

(f)
any other development that results in, or would reasonably be expected to result in, a Material Adverse Effect;

 

(g)
promptly upon (i) receipt of any correspondence from any Governmental Authority which gives notice of, or would be reasonably
expected to result in, the suspension, revocation, termination, restriction, limitation, modification, or non-renewal of any material
Healthcare Permit or Insurance License held by the Parent or any Subsidiary or (ii) the occurrence of any event which would be
reasonably expected to result in Parent or any Subsidiary becoming excluded, suspended or debarred from participation, or is otherwise
ineligible to participate, in any state or federal healthcare programs;

 

(h)
promptly and in any event at least 10 days prior thereto, notice of any change (i) in any Loan Party’s legal name, (ii)
in any Loan Party’s chief executive office, its principal place of business, any office in which it maintains books or records
or any office or facility at which Collateral owned by it is located (including the establishment of any such new office or facility),
(iii) in any Loan Party’s identity or legal structure, (iv) in any Loan Party’s federal taxpayer identification number
or organizational number or (v) in any Loan Party’s jurisdiction of organization; and

 

(i)
any change in the information provided in the Beneficial Ownership Certification that would result in a change to the list of
beneficial owners identified in such certification.

 

Each
notice delivered under this Section 6.02 shall be accompanied by a written statement of a Responsible Officer setting forth
the details of the event or development requiring such notice and any action taken or proposed to be taken with respect thereto.

 

6.03
Existence; Conduct of Business.

 

(a)
Do or cause to be done all things necessary to preserve, renew and maintain in full force and effect its legal existence and its
respective rights, licenses, permits, privileges, franchises, patents, copyrights, trademarks and trade names material to the
conduct of its business; provided, that nothing in this Section 6.03 shall prohibit any merger, consolidation, liquidation
or dissolution permitted under Section 7.03; and

 

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(b)
Engage in the business of the type conducted by the Parent and its Subsidiaries on the Closing Date and such other businesses
that are reasonably related thereto.

 

6.04
Compliance with Laws, Etc.

 

(a)
Comply with all Laws and all requirements of any Governmental Authority applicable to the Loan Parties, their Subsidiaries, and
their businesses and properties, including without limitation, all Healthcare Laws, Anti-Corruption Laws, Sanctions, Environmental
Laws, ERISA and OSHA, except where the failure to do so, either individually or in the aggregate, would not reasonably be expected
to result in a Material Adverse Effect.

 

(b)
The Loan Parties have implemented and maintain in effect policies and procedures designed to promote and achieve in all material
respects by the Parent, the Borrower, their respective Subsidiaries and their respective directors, officers, employees and agents
with Anti-Corruption Laws and applicable Sanctions, and the Borrower, its Subsidiaries and their respective directors, officers
and employees and to the actual knowledge of any Responsible Officer of any Loan Party, its agents, are in compliance with Anti-Corruption
Laws and applicable Sanctions. None of (i) the Parent, the Borrower, any Subsidiary or any of their respective directors, officers
or employees, or (ii) to the actual knowledge of any Responsible Officer of any Loan Party, any agent of the Parent, Borrower
or any Subsidiary that will act in any capacity in connection with or benefit from the credit facilities established hereby, is
a Sanctioned Person. No Borrowing or Letter of Credit, use of proceeds or other transactions violates Anti-Corruption Laws or
applicable Sanctions.

 

6.05
Payment of Obligations.

 

Pay
and discharge at or before maturity, all of its obligations and liabilities (including without limitation all taxes, assessments
and other governmental charges, levies and all other claims that could result in a statutory Lien) before the same shall become
delinquent or in default, except where (a) the validity or amount thereof is being contested in good faith by appropriate proceedings,
(b) the Parent or such Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with GAAP and
(c) the failure to make payment pending such contest would not reasonably be expected to result in a Material Adverse Effect.

 

6.06
Books and Records.

 

Keep
proper books of record and account in which full, true and correct (in all material respects) entries shall be made of all dealings
and transactions in relation to its business and activities to the extent necessary to prepare the consolidated financial statements
of the Parent and its Subsidiaries in conformity with GAAP.

 

6.07
Visitation, Inspection, Etc.

 

Permit
any representative of the Administrative Agent and each Lender, to visit and inspect any of its properties, to examine, audit
and make copies of its corporate, financial and operating records, and to discuss its affairs, finances and accounts with its
directors, officers, and independent public accountants, all at the expense of the Borrower and at such reasonable times during
normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the Borrower; provided,
however, that the Administrative Agent shall not exercise such rights at the Borrower’s expense more often than one
(1) time during any Fiscal Year absent the existence and continuance of an Event of Default; provided, further,
that when an Event of Default exists the Administrative Agent or any Lender (or any of their respective representatives) may do
any of the foregoing at the expense of the Borrower at any time during normal business hours and without advance notice. Notwithstanding
anything to the contrary in this Section 6.07, so long as an Event of Default has not occurred and is continuing, no Loan
Party or any of its Subsidiaries will be required to disclose or permit the inspection or discussion of, any document, information
or other matter (i) that constitutes non-financial trade secrets or non-financial proprietary information, (ii) in respect of
which disclosure to the Administrative Agent or any Lender (or their respective representatives) is prohibited by applicable Laws
or any binding agreement or (iii) that is subject to attorney client or similar privilege or constitutes attorney work product;
provided, that, (A) the Borrower agrees to (1) use commercially reasonable efforts to obtain waivers and to otherwise provide
such information that does not violate such obligations and (2) notify the Administrative Agent and the Lenders as to what is
not being provided pursuant to this sentence and (B) such binding agreement or privilege was not created in contemplation of such
inspection, audit or discussion.

 

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6.08
Maintenance of Properties; Insurance.

 

(a)
Keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and
tear excepted;

 

(b)
Maintain with financially sound and reputable insurance companies not Affiliates of the Parent, insurance with respect to its
properties and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds customarily
insured against by companies in the same or similar businesses operating in the same or similar locations; and

 

(c)
At all times shall name Administrative Agent as additional insured on all liability policies and loss payee on all property or
casualty polices of the Parent and its Subsidiaries (which policies shall be endorsed or otherwise amended to include a customary
lender’s loss payable endorsement and to name the Administrative Agent as additional insured or lender’s loss payee,
in form and substance reasonably satisfactory to the Administrative Agent).

 

6.09
Use of Proceeds.

 

Use
the proceeds of all the Credit Extensions to refinance existing Indebtedness, to finance Permitted Acquisitions (including the
Closing Date Acquisition and the Identified Potential Acquisition), to finance working capital needs, to finance capital expenditures
and for other lawful general corporate purposes of the Parent and its Subsidiaries.

 

6.10
Additional Subsidiaries.

 

If
any Subsidiary is acquired or formed after the Closing Date, promptly notify the Administrative Agent thereof and, within ten
(10) Business Days after any such Subsidiary is acquired or formed, if such Subsidiary is a Domestic Subsidiary (other than an
Insurance Subsidiary), cause such Domestic Subsidiary (other than an Insurance Subsidiary) to become a Guarantor. A Subsidiary
(other than an Insurance Subsidiary) shall become an additional Guarantor by executing and delivering to the Administrative Agent
a Joinder Agreement in form and substance reasonably satisfactory to the Administrative Agent, accompanied by (a) all other Loan
Documents related thereto, (b) certified copies of Organization Documents, appropriate authorizing resolutions of the board of
directors of such Subsidiaries, and opinions of counsel comparable to those delivered pursuant to Section 3.1(c), and (c)
such other documents as the Administrative Agent may reasonably request.

 

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6.11
Further Assurances

 

(a)
Capital Stock. Cause (i) 100% of the issued and outstanding Capital Stock of each Domestic Subsidiary (other than an Insurance
Subsidiary) of any Loan Party and (ii) 66% (or such greater percentage that, due to a Change in Law after the Closing Date, (A)
would not reasonably be expected to cause the undistributed earnings of such Foreign Subsidiary as determined for United States
federal income tax purposes to be treated as a deemed dividend to such Foreign Subsidiary’s United States parent and (B)
would not reasonably be expected to cause any adverse tax consequences) of the issued and outstanding Capital Stock entitled to
vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) and 100% of the issued and outstanding Capital Stock not entitled
to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) in each Foreign Subsidiary (other than an Insurance Subsidiary)
directly owned by any Loan Party to be subject at all times to a first priority, perfected Lien in favor of the Administrative
Agent, for the benefit of the holders of the Obligations, to secure the Obligations pursuant to the Collateral Documents (subject
to Liens permitted by Section 7.02), and, in connection with the foregoing, deliver to the Administrative Agent such other
documentation as the Administrative Agent may reasonably request including, any filings and deliveries to perfect such Liens,
Organization Documents, resolutions and opinions of counsel all in form, content and scope reasonably satisfactory to the Administrative
Agent.

 

(b)
Personal Property. Cause all personal property (other than Excluded Property) owned by each Loan Party to be subject at
all times to first priority, perfected Liens in favor of the Administrative Agent, for the benefit of the holders of the Obligations,
to secure the Obligations as required by the Collateral Documents (subject to Liens permitted by Section 7.02) and, in
connection with the foregoing, deliver to the Administrative Agent such other documentation as the Administrative Agent may reasonably
request including filings and deliveries necessary to perfect such Liens, Organization Documents, resolutions and favorable opinions
of counsel to such Person, all in form, content and scope reasonably satisfactory to the Administrative Agent.

 

(c)
Landlord Consents. Within thirty (30) days (or such later date as the Administrative Agent may agree in its sole discretion)
of (i) the Closing Date, with respect to the California Property and the Headquarters Property and (ii) the date a new leasehold
interest in real property is acquired by a Loan Party (or an existing lease is renewed or extended), use commercially reasonable
efforts to deliver or cause to be delivered to the Administrative Agent a duly executed landlord consent with respect to each
leased location where material corporate books and records of any of the Loan Parties are maintained, which consents shall be
in form and substance reasonably acceptable to the Administrative Agent.

 

6.12
Depository Relationship.

 

By
no later than sixty (60) days after the Closing Date (or such later date as the Administrative Agent may agree in its sole discretion),
(a) maintain its primary deposits, accounts and treasury management services, including, without limitation, primary deposit accounts,
disbursement accounts, investment accounts, lockbox accounts and cash management and treasury business, with the Administrative
Agent or a Lender (or an Affiliate of the Administrative Agent or a Lender) and (b) to the extent that a depository or cash management
account (other than an Excluded Account) is maintained with a Person other than the Administrative Agent (or an Affiliate of the
Administrative Agent), cause such depository or cash management account to be subject to an account control agreement in form
and substance reasonably satisfactory to the Administrative Agent.

 

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6.13
Anti-Corruption Laws.

 

Conduct
its businesses in compliance with the United States Foreign Corrupt Practices Act of 1977, and other similar anti-corruption legislation
in other applicable jurisdictions and maintain policies and procedures designed to promote and achieve compliance with such Laws.

 

Article
VII.

 

NEGATIVE
COVENANTS

 

Until
the Facility Termination Date, no Loan Party shall, nor shall it permit any Subsidiary to, directly or indirectly:

 

7.01
Indebtedness and Preferred Equity.

 

Create,
incur, assume or suffer to exist any Indebtedness, except:

 

(a)
Indebtedness created pursuant to the Loan Documents;

 

(b)
Indebtedness of any Loan Party existing on the Closing Date and set forth on Schedule 7.01 and extensions, renewals and
replacements of any such Indebtedness that do not increase the outstanding principal amount thereof (immediately prior to giving
effect to such extension, renewal or replacement) or shorten the maturity or the weighted average life thereof;

 

(c)
Indebtedness of any Loan Party incurred to finance the acquisition, construction or improvement of any fixed or capital assets,
including Capital Lease Obligations; provided, that such Indebtedness is incurred prior to or within 90 days after such
acquisition or the completion of such construction or improvements or extensions, renewals, and replacements of any such Indebtedness
that do not increase the outstanding principal amount thereof (immediately prior to giving effect to such extension, renewal or
replacement) or shorten the maturity or the weighted average life thereof; provided further, that the aggregate principal
amount of such Indebtedness does not exceed $25,000,000 at any time outstanding;

 

(d)
Indebtedness of any Loan Party owing to any Subsidiary and of any Subsidiary owing to any Loan Party or any other Subsidiary;
provided, that any such Indebtedness that is owed by a Subsidiary that is not a Loan Party shall be subject to Section
7.04;

 

(e)
Guarantees by any Loan Party of Indebtedness of any Subsidiary and by any Subsidiary of Indebtedness of any Loan Party or any
other Subsidiary; provided, that Guarantees by any Loan Party of Indebtedness of any Subsidiary that is not a Loan Party
shall be subject to Section 7.04;

 

(f)
Indebtedness in respect of Hedging Obligations permitted by Section 7.10;

 

(g)
other Indebtedness of the Loan Parties in an aggregate principal amount not to exceed $25,000,000 at any time outstanding; and

 

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(h)
certain unsecured advances against commissions incurred in the ordinary course of business not to exceed $25,000,000 in the aggregate
at any time.

 

7.02
Negative Pledge.

 

Create,
incur, assume or suffer to exist any Lien on any of its assets or property now owned or hereafter acquired or, except:

 

(a)
Liens securing the Obligations pursuant to the Loan Documents;

  

(b)
Permitted Encumbrances;

 

(c)
any Liens on any property or assets of any Loan Party existing on the Closing Date set forth on Schedule 7.02; provided,
that such Lien shall not apply to any other property or asset of any Loan Party or any Subsidiary;

 

(d)
purchase money Liens upon or in any fixed or capital assets (including real property) to secure the purchase price or the cost
of construction or improvement of such fixed or capital assets or to secure Indebtedness incurred solely for the purpose of financing
the acquisition, construction or improvement of such fixed or capital assets (including Liens securing any Capital Lease Obligations);
provided, that (i) such Lien secured Indebtedness permitted by Section 7.01(c), (ii) such Lien attaches to such
asset concurrently or within 90 days after the acquisition, improvement or completion of the construction thereof; (iii) such
Lien does not extend to any other asset; and (iv) the Indebtedness secured thereby does not exceed the cost of acquiring, constructing
or improving such fixed or capital assets;

 

(e)
extensions, renewals, or replacements of any Lien referred to in clauses (a) through (d) of this Section 7.02;
provided, that the principal amount of the Indebtedness secured thereby is not increased and that any such extension, renewal
or replacement is limited to the assets originally encumbered thereby; and

 

(f)
other Liens securing Indebtedness outstanding in an aggregate principal amount not to exceed $25,000,000 at any time; provided,
that no such Lien shall extend to or cover any Collateral.

 

7.03
Fundamental Changes.

 

(a)
Merge into or consolidate into any other Person, or permit any other Person to merge into or consolidate with it, or sell, lease,
transfer or otherwise dispose of (in a single transaction or a series of transactions) all or substantially all of its assets
(in each case, whether now owned or hereafter acquired) or all or substantially all of the stock of any of its Subsidiaries (in
each case, whether now owned or hereafter acquired) or liquidate or dissolve; provided, that if at the time thereof and
immediately after giving effect thereto, no Default or Event of Default shall have occurred and be continuing (i) the Parent or
any Subsidiary may merge with a Person pursuant to a Permitted Acquisition if the Parent (or such Subsidiary if the Parent is
not a party to such merger) is the surviving Person, (ii) any Subsidiary may merge into another Subsidiary; provided, that
(x) if the Borrower is a party to such merger, the Borrower shall be the surviving Person and (y) if any party to such merger
is a Guarantor, the Guarantor shall be the surviving Person, (iii) any Subsidiary may sell, transfer, lease or otherwise dispose
of all or substantially all of its assets to any Loan Party and (iv) any Subsidiary (other than the Borrower or a Guarantor) may
liquidate or dissolve if the Parent determines in good faith that such liquidation or dissolution is in the best interests of
the Parent and is not materially disadvantageous to the Lenders; provided that any such merger involving a Person that
is not a wholly-owned Subsidiary immediately prior to such merger shall not be permitted unless also permitted by Section 7.04.
Notwithstanding the foregoing, the Borrower shall be permitted to dissolve each of Secured Software Solutions LLC, a Florida limited
liability company, Sunrise Health Plans, LLC, a Florida limited liability company, and Sunrise Group Marketing LLC, a Florida
limited liability company (each a “Dissolved Guarantor”) so long as (A) the Loan Parties shall have caused
such Dissolved Guarantor to transfer all or substantially all of its assets to another Loan Party prior to such dissolution and
(B) such dissolution shall have occurred within 120 days of the Closing Date.

 

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(b)
Engage in any business other than businesses of the type conducted by the Parent and its Subsidiaries on the Closing Date and
such other businesses that are reasonably related thereto.

 

7.04
Investments, Loans, Etc.

 

Make
any Investment, except:

 

(a)
Investments existing on the Closing Date and set forth on Schedule 7.04 (including Investments in Subsidiaries);

 

(b)
Cash Equivalents;

 

(c)
Guarantees by any Loan Party constituting Indebtedness permitted by Section 7.01;

 

(d)
Investments made by the Parent in or to any Loan Party and by any Loan Party to the Parent or in or to another Loan Party;

 

(e)
loans or advances to employees, officers or directors of the Parent or any Subsidiary in the ordinary course of business for travel,
relocation and related expenses; provided, that the aggregate amount of all such loans and advances does not exceed $1,000,000
in the aggregate at any time outstanding;

 

(f)
Hedging Transactions permitted by Section 7.10;

 

(g)
the Closing Date Acquisition, the Identified Potential Acquisition and Permitted Acquisitions; provided, that, the Identified
Potential Acquisition Documents shall be in form and substance reasonably satisfactory to the Administrative Agent;

 

(h)
portfolio Investments made by any Insurance Subsidiary in the ordinary course of business that are consistent with its investment
policy, as such policy may be established, amended or modified from time to time by such Insurance Subsidiary;

 

(i)
Investments in the Insurance Subsidiaries which in the aggregate do not exceed $10,000,000 at any time outstanding, calculating
the amount of such Investment as the amount actually invested less any readily identifiable returns in the form of cash or Cash
Equivalents on such Investment; and

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(j)
other Investments which in the aggregate do not exceed $25,000,000 at any time outstanding.

 

7.05
Restricted Payments.

 

Declare
or make, or agree to pay or make, directly or indirectly, any Restricted Payment, except for:

 

(a)
so long as no Default or Event of Default has occurred and is continuing at the time of such Restricted Payment, or would result
therefrom:

 

(i)
dividends payable by the Parent solely in shares of any class of its common stock;

 

(ii)
Restricted Payments made by any Subsidiary to the Parent or another Subsidiary that owns Capital Stock in such Subsidiary, on
a pro rata basis according to their respective holdings of the type of Capital Stock in respect of which such Restricted Payment
is being made with any other shareholders if such Subsidiary is not wholly owned by the Parent and other wholly owned Subsidiaries;
and

 

(iii)
other Restricted Payments; provided that, after giving effect to any such Restricted Payment on a Pro Forma Basis, (i)
no Default or Event of Default shall exist or would result therefrom and (ii) if, after giving effect to any such Restricted Payment
on a Pro Forma Basis, the Consolidated Total Leverage Ratio is (A) greater than or equal to 1.75:1.00, the aggregate amount of
all such Restricted Payments made in reliance on this Section 7.05(a)(iii) during the term of this Agreement shall not
exceed $25,000,000 or (B) less than 1.75:1.00, after giving effect to any such Restricted Payment on a Pro Forma Basis, the Loan
Parties shall be in compliance with all of the financial covenants set forth in Section 7.20; and

 

(b)
Permitted Tax Distributions.

 

7.06
Sale of Assets.

 

Make
any Disposition (other than any Disposition made by any Insurance Subsidiary in the ordinary course of business), except the sale
or other disposition of such assets in an aggregate amount not to exceed $25,000,000 in any Fiscal Year; provided (1) the consideration
received for such assets shall be in an amount at least equal to the fair market value thereof (determined in good faith by the
board of directors of the applicable Loan Party (or similar governing body)), and (2) no less than seventy-five percent (75%)
of such proceeds shall be paid in cash.

 

7.07
Transactions with Affiliates.

 

Sell,
lease or otherwise transfer any property or assets to, or purchase, lease or otherwise acquire any property or assets from, or
otherwise engage in any other transactions with, any of its Affiliates, except (a) in the ordinary course of business at prices
and on terms and conditions not less favorable to the Parent or such Subsidiary than could be obtained on an arm’s-length
basis from unrelated third parties, (b) transactions between or among the Loan Parties, (c) reasonable and customary fees and
expenses paid to members of the board of directors (or similar governing body) of the Parent and its Subsidiaries and (d) any
Restricted Payment permitted by Section 7.05.

 

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7.08
Restrictive Agreements.

 

Enter
into, incur or permit to exist any agreement that prohibits, restricts or imposes any condition upon (a) the ability of the Parent
or any Subsidiary (other than an Insurance Subsidiary) to create, incur or permit any Lien upon any of its assets or properties,
whether now owned or hereafter acquired, or (b) the ability of any Subsidiary (other than an Insurance Subsidiary) to pay dividends
or other distributions with respect to its Capital Stock, to make or repay loans or advances to the Parent or any other Subsidiary,
to Guarantee Indebtedness of the Parent or any other Subsidiary or to transfer any of its property or assets to the Parent or
any other Subsidiary of the Parent; provided, that (i) the foregoing shall not apply to restrictions or conditions imposed
by applicable Law or by this Agreement or any other Loan Document, (ii) the foregoing shall not apply to customary restrictions
and conditions contained in agreements relating to the sale of a Subsidiary pending such sale, provided such restrictions
and conditions apply only to the Subsidiary that is sold and such sale is permitted hereunder, (iii) clause (a) shall not
apply to restrictions or conditions imposed by any agreement relating to secured Indebtedness or Capital Lease Obligations permitted
by this Agreement so long as such restrictions and conditions apply only to the property or assets securing such Indebtedness
and (iv) clause (a) shall not apply to customary provision in leases and other contracts restricting the assignment thereof.

 

7.09
Sale and Leaseback Transactions.

 

Enter
into any arrangement, directly or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful
in its business, whether now owned or hereinafter acquired, and thereafter rent or lease such property or other property that
it intends to use for substantially the same purpose or purposes as the property sold or transferred.

 

7.10
Hedging Transactions.

 

Enter
into any Hedging Transaction, other than Hedging Transactions entered into in the ordinary course of business to hedge or mitigate
risks to which the Parent or any Subsidiary is exposed in the conduct of its business or the management of its liabilities. Solely
for the avoidance of doubt, the Parent acknowledges that a Hedging Transaction entered into for speculative purposes or of a speculative
nature (which shall be deemed to include any Hedging Transaction under which the Parent or any of the Subsidiaries is or may become
obliged to make any payment (i) in connection with the purchase by any third party of any Capital Stock or any Indebtedness or
(ii) as a result of changes in the market value of any Capital Stock or any Indebtedness) is not a Hedging Transaction entered
into in the ordinary course of business to hedge or mitigate risks.

 

7.11
Legal Name, State of Formation and Form of Entity.

 

Without
providing ten (10) days prior written notice to the Administrative Agent (or such lesser period as the Administrative Agent may
agree), change its name, state of formation or form of organization.

 

7.12
Amendment to Material Documents.

 

Amend,
modify or waive any of its rights in a manner materially adverse to the Lenders or any Loan Party under (a) its Organization Documents
or (b) any Material Agreements, except in any manner that would not have an adverse effect on the Lenders, the Parent or any of
its Subsidiaries; provided, however, that the Loan Parties and their Subsidiaries shall be permitted to amend, modify or waive
any provision of a Material Agreement to the extent expressly required to do so under applicable Law or in writing by any Applicable
Insurance Regulatory Authority, in each case, with prompt written notice of such amendment, termination or waiver to be provided
to the Administrative Agent.

 

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7.13
Accounting Changes.

 

Make
any significant change in accounting treatment or reporting practices, except as required by GAAP, SAP, applicable Law, or the
requirements of any securities exchange on which Parent’s securities are listed, or change the Fiscal Year of the Parent
or of any of its Subsidiaries, except to change the Fiscal Year of a Subsidiary to conform its Fiscal Year to that of the Parent.

 

7.14
Government Regulation.

 

(a)
Be or become subject at any time to any applicable Law or list of any Governmental Authority of the United States (including,
without limitation, the OFAC list) that prohibits or limits any Lender from making any advance or extension of credit to the Borrower
or from otherwise conducting business with the Loan Parties, or (b) fail to provide documentary and other evidence of the identity
of the Loan Parties as may be requested by any Lender at any time to enable such Lender to verify the identity of the Loan Parties
or to comply with any applicable Law or regulation, including, without limitation, Section 326 of the Patriot Act at 31 U.S.C.
Section 5318.

 

7.15
Ownership of Subsidiaries.

 

Notwithstanding
any other provisions of this Agreement to the contrary, permit any Subsidiary to issue or have outstanding any shares of preferred
Capital Stock.

 

7.16
Use of Proceeds.

 

(a)
Use any part of the proceeds of any Loan, whether directly or indirectly, for any purpose that would violate any rule or regulation
of the Board of Governors of the Federal Reserve System, including Regulations T, U or X.

 

(b)
Request any Borrowing or Letter of Credit, or use or allow its respective directors, officers, employees and agents to use, the
proceeds of any Borrowing or Letter of Credit (i) in furtherance of an offer, payment, promise to pay, or authorization of the
payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (ii) for the purpose
of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned
Country or (iii) in any manner that would result in the violation of any Sanctions applicable to any party.

 

7.17
Restrictions on the Parent.

 

Notwithstanding
anything to the contrary in this Agreement or any other Loan Document, permit the Parent to incur any Indebtedness directly, make
any Acquisition or other Investment, grant any Liens upon any of its properties or assets or engage in any operations, business
or activity other than (a) owning the Capital Stock in the Borrower, (b) granting a security interest in its assets (including
the Capital Stock in the Subsidiaries that it owns) pursuant to the terms of the Collateral Documents, (c) incurring Indebtedness
under the Loan Documents and fulfilling its obligations thereunder, (d) providing indemnification to officers and directors in
the ordinary course of business and (e) any activities incidental or reasonably related to the foregoing, in each case in a manner
not in contravention of the terms of this Agreement and the other Loan Documents.

 

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7.18
Government Receivables.

 

Without
consent of the Required Lenders, accept any payment directly from any Governmental Authority.

 

7.19
Healthcare.

 

Engage
in (i) accepting risk for healthcare services, other than by and through the Insurance Subsidiaries, (ii) adjusting, managing,
billing, or collecting of any claim for healthcare services by any healthcare provider, other than by and through the Insurance
Subsidiaries, or (iii) the practice of medicine or provision of healthcare services under any applicable Law.

 

7.20
Financial Covenants.

 

(a)
Consolidated Total Leverage Ratio. Permit the Consolidated Total Leverage Ratio as of the end of each Fiscal Quarter, commencing
with the Fiscal Quarter ending September 30, 2019, to exceed 3.00:1.0; provided, that, for each of the four (4)
Fiscal Quarters immediately following a Qualified Acquisition, commencing with the Fiscal Quarter in which such Qualified Acquisition
was consummated (such period of increase, the “Leverage Increase Period”), the required ratio set forth above
shall, upon receipt by the Administrative Agent of a Qualified Acquisition Notice, be increased to 3.50:1.00; provided,
further, that, (i) there shall only be two (2) Leverage Increase Periods during the term of this Agreement, (ii)
the maximum Consolidated Total Leverage Ratio shall revert to 3.00:1.00 at the end of such four (4) Fiscal Quarter period, (iii)
the Borrower may not elect a Leverage Increase Period for at least one (1) full Fiscal Quarter following the end of a Leverage
Increase Period before a new Leverage Increase Period is available again and (iv) each Leverage Increase Period shall apply only
with respect to the calculation of the Consolidated Total Leverage Ratio for purposes of determining compliance with this Section
7.20 and for purposes of any Qualified Acquisition Pro Forma Determination.

 

(b)
Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage
Ratio as of the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending September 30, 2019, to be less than 2.50:1.0.

 

Article
VIII.

 

EVENTS
OF DEFAULT AND REMEDIES

 

8.01
Events of Default.

 

If
any of the following events (each an “Event of Default”) shall occur, other than with respect to any Insurance
Subsidiary:

 

(a)
any Loan Party shall fail to pay any principal of any Loan or of any reimbursement obligation in respect of any LC Disbursement
when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment or otherwise;
or

 

(b)
any Loan Party shall fail to pay any interest on any Loan or any fee or any other amount (other than an amount payable under clause
(a) of this Section 8.01 or an amount related to a Cash Management Agreement) payable under this Agreement or any other
Loan Document, when and as the same shall become due and payable, and such failure shall continue unremedied for a period of three
(3) Business Days; or

 

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(c)
any representation or warranty made or deemed made by or on behalf of the Parent or any Subsidiary in or in connection with this
Agreement or any other Loan Document (including the Schedules attached thereto) and any amendments or modifications hereof or
waivers hereunder, or in any certificate, report, financial statement or other document submitted to the Administrative Agent
or any Lender by any Loan Party or any representative of any Loan Party pursuant to or in connection with this Agreement or any
other Loan Document shall prove to be incorrect in any material respect (other than a representation or warranty that is expressly
qualified by concepts of materiality or a Material Adverse Effect, in which case such representation or warranty shall prove to
be incorrect in all respects) when made or deemed made or submitted; or

 

(d)
any Loan Party shall fail to observe or perform any covenant or agreement contained in (i) Section 6.01(c) – (f),
6.02, 6.03, (with respect to any Loan Party’s existence), 6.07, 6.09, or 6.10 or Article
VII or (ii) Sections 6.01(a) or (b) and, with respect to Sections 6.01(a) and (b), such failure
shall remain unremedied for 5 Business Days after the earlier of (i) any Responsible Officer of any Loan Party becomes actually
aware of such failure, or (ii) notice thereof shall have been given to any Borrower by the Administrative Agent; or

 

(e)
any Loan Party shall fail to observe or perform any covenant or agreement contained in this Agreement (other than those referred
to in clauses (a), (b) and (d) above) or any other Loan Document, and such failure shall remain unremedied
for 30 days after the earlier of (i) any Responsible Officer of any Loan Party becomes actually aware of such failure, or (ii)
notice thereof shall have been given to Borrower by the Administrative Agent; or

 

(f)
the Parent or any Subsidiary (whether as primary obligor or as guarantor or other surety) shall fail to pay any principal of,
or premium or interest on, any Material Indebtedness that is outstanding, when and as the same shall become due and payable (whether
at scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable
grace period, if any, specified in the agreement or instrument evidencing or governing such Material Indebtedness; or any other
event shall occur or condition shall exist under any agreement or instrument relating to such Material Indebtedness and shall
continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such event or
condition is to accelerate, or permit the acceleration of, the maturity of such Material Indebtedness; or any such Material Indebtedness
shall be declared to be due and payable, or required to be prepaid or redeemed (other than by a regularly scheduled required prepayment
or redemption), purchased or defeased, or any offer to prepay, redeem, purchase or defease such Material Indebtedness shall be
required to be made, in each case prior to the stated maturity thereof; or

 

(g)
the Parent or any Subsidiary shall (i) commence a voluntary case or other proceeding or file any petition seeking liquidation,
reorganization or other relief under any federal, state or foreign bankruptcy, insolvency or other similar applicable Law now
or hereafter in effect or seeking the appointment of a custodian, trustee, receiver, liquidator or other similar official of it
or any substantial part of its property, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner,
any proceeding or petition described in clause (h) of this Section 8.01, (iii) apply for or consent to the appointment
of a custodian, trustee, receiver, liquidator or other similar official for the Parent or any such Subsidiary or for a substantial
part of its assets, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding,
(v) make a general assignment for the benefit of creditors, or (vi) take any action for the purpose of effecting any of the foregoing;
or

 

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(h)
an involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking (i) liquidation, reorganization
or other relief in respect of the Parent or any Subsidiary or its debts, or any substantial part of its assets, under any federal,
state or foreign bankruptcy, insolvency or other similar applicable Law now or hereafter in effect or (ii) the appointment of
a custodian, trustee, receiver, liquidator or other similar official for the Parent or any Subsidiary or for a substantial part
of its assets, and in any such case, such proceeding or petition shall remain undismissed for a period of 60 days or an order
or decree approving or ordering any of the foregoing shall be entered; or

 

(i)
the Parent or any Subsidiary shall become unable to pay, shall admit in writing its inability to pay, or shall fail to pay, its
debts as they become due; or

 

(j)
an ERISA Event shall have occurred that, in the opinion of the Administrative Agent or the Required Lenders, when taken together
with other ERISA Events that have occurred, would reasonably be expected to result in liability to the Parent and the Subsidiaries
in an aggregate amount exceeding $5,000,000; or

 

(k)
any judgment or order for the payment of money in excess of $5,000,000, individually or in the aggregate (to the extent not (i)
covered by insurance as to which a solvent and unaffiliated insurance company has acknowledged coverage in writing or (ii) capable
of being satisfied using funds which are on deposit with the Administrative Agent), shall be rendered against the Parent or any
Subsidiary, and either (i) enforcement proceedings shall have been commenced by any creditor upon such judgment or order or (ii)
there shall be a period of 30 consecutive days during which a stay of enforcement of such judgment or order, by reason of a pending
appeal or otherwise, shall not be in effect; or

 

(l)
any non-monetary judgment or order shall be rendered against the Parent or any Subsidiary that would reasonably be expected to
have a Material Adverse Effect, and there shall be a period of 30 consecutive days during which a stay of enforcement of such
judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; or

 

(m)
a Change of Control shall occur or exist; or

 

(n)
any Loan Document, at any time after its execution and delivery and for any reason other than as expressly permitted hereunder
or thereunder or satisfaction in full of all the Obligations, ceases to be in full force and effect or ceases to give the Administrative
Agent any material part of the Liens purported to be created thereby, other than (x) as expressly permitted hereunder or thereunder,
(y) as a result of acts or omissions by the Administrative Agent, in each case, which does not arise from the breach by any Loan
Party of its obligations under the Loan Documents or (z) as a result of the satisfaction in full of all the Obligations; or any
Loan Party contests in writing the validity or enforceability of the Loan Documents, taken as a whole; or any Loan Party denies
in writing that it has any or further liability or obligation under the Loan Documents, taken as a whole (other than as a result
of repayment in full of the Obligations and termination of the Commitments); or any Loan Party or any other Person contests in
any manner the validity or enforceability of any Loan Document; or any Loan Party denies that it has any or further liability
or obligation under any Loan Document, or purports to revoke, terminate or rescind any Loan Document to which it is a party; or

 

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(o)
any Applicable Insurance Regulatory Authority shall issue any order of conservation or seizure, however denominated, relating
to the Parent or any Insurance Brokerage Entity or shall take any other action to exercise control (i) over the Parent or any
Insurance Brokerage Entity or (ii) over any assets of the Parent or any Insurance Brokerage Entity; provided, that,
such order shall only result in an Event of Default if (x) it relates to a Loan Party or (y) such order would cause a Loan Party
to be unable to perform its obligations under this Agreement or any other Loan Document or such order would result in a Material
Adverse Effect; or

 

(p)
the loss, suspension or revocation of, or failure to renew, any material (i) license, including, without limitation, any Insurance
License, (ii) permit or (iii) authorization now held or hereafter acquired by any Loan Party or its Subsidiary, or any other action
shall be taken by any Governmental Authority in response to any alleged failure by the Borrower or any other Loan Party to be
in compliance with applicable Law if such other action would reasonably be expected to have a Material Adverse Effect.

 

8.02
Remedies Upon Event of Default.

 

If
any Event of Default occurs and is continuing, the Administrative Agent shall, at the request of, or may, with the consent of,
the Required Lenders, take any or all of the following actions:

 

(a)
declare the commitment of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit Extensions to be terminated,
whereupon such commitments and obligation shall be terminated;

 

(b)
declare the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing
or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest
or other notice of any kind, all of which are hereby expressly waived by the Borrower;

 

(c)
require that the Borrower Cash Collateralize the L/C Obligations (in an amount equal to the Minimum Collateral Amount with respect
thereto); and

 

(d)
exercise on behalf of itself, the Lenders and the L/C Issuer all rights and remedies available to it, the Lenders and the L/C
Issuer under the Loan Documents or applicable Law or at equity;

 

provided,
however, that upon the occurrence of an actual or deemed entry of an order for relief with respect to the Borrower under
the Bankruptcy Code of the United States, the obligation of each Lender to make Loans and any obligation of the L/C Issuer to
make L/C Credit Extensions shall automatically terminate, the unpaid principal amount of all outstanding Loans and all interest
and other amounts as aforesaid shall automatically become due and payable, and the obligation of the Borrower to Cash Collateralize
the L/C Obligations as aforesaid shall automatically become effective, in each case without further act of the Administrative
Agent or any Lender.

 

8.03
Application of Funds.

 

After
the exercise of remedies provided for in Section 8.02 (or after the Loans have automatically become immediately due and
payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in the proviso to Section
8.02), any amounts received on account of the Obligations shall, subject to the provisions of Sections 2.14 and 2.15,
be applied by the Administrative Agent in the following order:

 

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First,
to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including fees, charges
and disbursements of counsel to the Administrative Agent and amounts payable under Article III) payable to the Administrative
Agent in its capacity as such;

 

Second,
to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal, interest
and Letter of Credit Fees) payable to the Lenders and the L/C Issuer (including fees, charges and disbursements of counsel to
the respective Lenders and the L/C Issuer and amounts payable under Article III), ratably among them in proportion to the
respective amounts described in this clause Second payable to them;

 

Third,
to payment of that portion of the Obligations constituting accrued and unpaid Letter of Credit Fees and interest on the Loans
and L/C Borrowings, ratably among the Lenders and the L/C Issuer in proportion to the respective amounts described in this clause
Third payable to them;

 

Fourth,
to (a) payment of that portion of the Obligations constituting unpaid principal of the Loans and L/C Borrowings, (b) payment of
Obligations then owing under any Secured Hedge Agreements, (c) payment of Obligations then owing under any Secured Cash Management
Agreements and (d) Cash Collateralize that portion of L/C Obligations comprised of the aggregate undrawn amount of Letters of
Credit, ratably among the Lenders, the L/C Issuer, the Hedge Banks and the Cash Management Banks in proportion to the respective
amounts described in this clause Fourth payable to them; and

 

Last,
the balance, if any, after all of the Obligations have been indefeasibly paid in full, to the Borrower or as otherwise required
by Law.

 

Subject
to Sections 2.03(c) and 2.14, amounts used to Cash Collateralize the aggregate undrawn amount of Letters of Credit
pursuant to clause Fourth above shall be applied to satisfy drawings under such Letters of Credit as they occur. If any
amount remains on deposit as Cash Collateral after all Letters of Credit have either been fully drawn or expired, such remaining
amount shall be applied to the other Obligations, if any, in the order set forth above. Excluded Swap Obligations with respect
to any Guarantor shall not be paid with amounts received from such Guarantor or such Guarantor’s assets, but appropriate
adjustments shall be made with respect to payments from other Loan Parties to preserve the allocation to Obligations otherwise
set forth above in this Section.

 

Notwithstanding
the foregoing, Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements shall be excluded from
the application described above if the Administrative Agent has not received a Secured Party Designation Notice, together with
such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank,
as the case may be (unless such Cash Management Bank or Hedge Bank is the Administrative Agent or an Affiliate thereof). Each
Cash Management Bank or Hedge Bank not a party to this Agreement that has given the notice contemplated by the preceding sentence
shall, by such notice, be deemed to have acknowledged and accepted the appointment of the Administrative Agent pursuant to the
terms of Article IX for itself and its Affiliates as if a “Lender” party hereto.

 

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Article
IX.

 

ADMINISTRATIVE
AGENT

 

9.01
Appointment and Authority.

 

Each
of the Lenders and the L/C Issuer hereby irrevocably appoints Bank of America to act on its behalf as the Administrative Agent
hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to
exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and
powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of the Administrative Agent,
the Lenders and the L/C Issuer, and no Loan Party shall have rights as a third party beneficiary of any of such provisions. It
is understood and agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar
term) with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations
arising under agency doctrine of any applicable Law. Instead such term is used as a matter of market custom, and is intended to
create or reflect only an administrative relationship between contracting parties.

 

The
Administrative Agent shall also act as the “collateral agent” under the Loan Documents, and each of the Lenders
(in its capacities as a Lender, Swingline Lender (if applicable), potential Hedge Banks and potential Cash Management Banks) and
the L/C Issuer hereby irrevocably appoints and authorizes the Administrative Agent to act as the agent of such Lender and the
L/C Issuer for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties
to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection,
the Administrative Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the
Administrative Agent pursuant to Section 9.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion
thereof) granted under the Collateral Documents, or for exercising any rights and remedies thereunder at the direction of the
Administrative Agent, shall be entitled to the benefits of all provisions of this Article IX and Article XI (including
Section 11.04(c), as though such co-agents, sub-agents and attorneys-in-fact were the “collateral agent” under
the Loan Documents) as if set forth in full herein with respect thereto.

 

9.02
Rights as a Lender.

 

The
Person serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any
other Lender and may exercise the same as though it were not the Administrative Agent and the term “Lender” or “Lenders”
shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the Administrative
Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, own securities
of, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with any Loan
Party or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any
duty to account therefor to the Lenders or to provide notice to or consent of the Lenders with respect thereto.

 

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9.03
Exculpatory Provisions.

 

The
Administrative Agent shall not have any duties or obligations except those expressly set forth herein and in the other Loan Documents,
and its duties hereunder shall be administrative in nature. Without limiting the generality of the foregoing, the Administrative
Agent and its Related Parties:

 

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

 

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

 

(c)
shall not, except as expressly set forth herein and in the other Loan Documents, have any duty or responsibility to disclose,
and shall not be liable for the failure to disclose, any information relating to any Loan Party or any of its Affiliates that
is communicated to or obtained by the Person serving as the Administrative Agent or any of its Affiliates in any capacity.

 

Neither
the Administrative Agent nor any of its Related Parties shall be liable for any action taken or not taken by the Administrative
Agent under or in connection with this Agreement or any other Loan Document or the transactions contemplated hereby or thereby
(i) with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be
necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as provided
in Sections 11.01 and 8.02) or (ii) in the absence of its own gross negligence or willful misconduct as determined
by a court of competent jurisdiction by final and nonappealable judgment. The Administrative Agent shall be deemed not to have
knowledge of any Default unless and until notice describing such Default is given in writing to the Administrative Agent by the
Borrower, a Lender or the L/C Issuer.

 

Neither
the Administrative Agent nor any of its Related Parties have any duty or obligation to any Lender or participant or any other
Person to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement
or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or
in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or
conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness
of this Agreement, any other Loan Document or any other agreement, instrument or document, or the creation, perfection or priority
of any Lien purported to be created by the Collateral Documents, (v) the value or the sufficiency of any Collateral, or (vi) the
satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items expressly
required to be delivered to the Administrative Agent.

 

9.04
Reliance by Administrative Agent.

 

The
Administrative Agent shall be entitled to rely upon, and shall be fully protected in relying and shall not incur any liability
for relying upon, any notice, request, certificate, communication, consent, statement, instrument, document or other writing (including
any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been
signed, sent or otherwise authenticated by the proper Person. The Administrative Agent also may rely upon any statement made to
it orally or by telephone and believed by it to have been made by the proper Person, and shall be fully protected in relying and
shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan,
or the issuance, extension, renewal or increase of a Letter of Credit, that by its terms must be fulfilled to the satisfaction
of a Lender or the L/C Issuer, the Administrative Agent may presume that such condition is satisfactory to such Lender or the
L/C Issuer unless the Administrative Agent shall have received notice to the contrary from such Lender or the L/C Issuer prior
to the making of such Loan or the issuance, extension, renewal or increase of such Letter of Credit. The Administrative Agent
may consult with legal counsel (who may be counsel for the Loan Parties), independent accountants and other experts selected by
it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants
or experts.

 

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9.05
Delegation of Duties.

 

The
Administrative Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Loan
Document by or through any one or more sub agents appointed by the Administrative Agent. The Administrative Agent and any such
sub agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties.
The exculpatory provisions of this Article shall apply to any such sub agent and to the Related Parties of the Administrative
Agent and any such sub agent, and shall apply to their respective activities in connection with the syndication of the credit
facilities provided for herein as well as activities as Administrative Agent. The Administrative Agent shall not be responsible
for the negligence or misconduct of any sub-agents except to the extent that a court of competent jurisdiction determines in a
final and non-appealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in the selection
of such sub-agents.

 

9.06
Resignation of Administrative Agent.

 

(a)
The Administrative Agent may at any time give notice of its resignation to the Lenders, the L/C Issuer and the Borrower. Upon
receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation with the Borrower, to appoint
a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the
United States. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment
within thirty days after the retiring Administrative Agent gives notice of its resignation (or such earlier day as shall be agreed
by the Required Lenders) (the “Resignation Effective Date”), then the retiring Administrative Agent may (but
shall not be obligated to) on behalf of the Lenders and the L/C Issuer, appoint a successor Administrative Agent meeting the qualifications
set forth above, provided that in no event shall any such successor Administrative Agent be a Defaulting Lender. Whether
or not a successor has been appointed, such resignation shall become effective in accordance with such notice on the Resignation
Effective Date.

 

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

 

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(c)
With effect from the Resignation Effective Date or the Removal Effective Date (as applicable) (i) the retiring or removed Administrative
Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case
of any collateral security held by the Administrative Agent on behalf of the Lenders or the L/C Issuer under any of the Loan Documents,
the retiring or removed Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative
Agent is appointed) and (ii) except for any indemnity payments or other amounts then owed to the retiring or removed Administrative
Agent, all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead
be made by or to each Lender and the L/C Issuer directly, until such time, if any, as the Required Lenders appoint a successor
Administrative Agent as provided for above. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder,
such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or removed)
Administrative Agent (other than as provided in Section 3.01(g) and other than any rights to indemnity payments or other
amounts owed to the retiring or removed Administrative Agent as of the Resignation Effective Date or the Removal Effective Date,
as applicable), and the retiring or removed Administrative Agent shall be discharged from all of its duties and obligations hereunder
or under the other Loan Documents (if not already discharged therefrom as provided above in this Section). The fees payable by
the Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed
between the Borrower and such successor. After the retiring or removed Administrative Agent’s resignation or removal hereunder
and under the other Loan Documents, the provisions of this Article and Section 11.04 shall continue in effect for the benefit
of such retiring or removed Administrative Agent, its sub agents and their respective Related Parties in respect of any actions
taken or omitted to be taken by any of them (i) while the retiring or removed Administrative Agent was acting as Administrative
Agent and (ii) after such resignation or removal for as long as any of them continues to act in any capacity hereunder or under
the other Loan Documents, including (A) acting as collateral agent or otherwise holding any collateral security on behalf of any
of the Lenders and (B) in respect of any actions taken in connection with transferring the agency to any successor Administrative
Agent.

 

(d)
Any resignation by or removal of Bank of America as Administrative Agent pursuant to this Section shall also constitute its resignation
as L/C Issuer and Swingline Lender. If Bank of America resigns as an L/C Issuer, it shall retain all the rights, powers, privileges
and duties of the L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation
as L/C Issuer and all L/C Obligations with respect thereto, including the right to require the Lenders to make Base Rate Loans
or fund risk participations in Unreimbursed Amounts pursuant to Section 2.03(c). If Bank of America resigns as Swingline
Lender, it shall retain all the rights of the Swingline Lender provided for hereunder with respect to Swingline Loans made by
it and outstanding as of the effective date of such resignation, including the right to require the Lenders to make Base Rate
Loans or fund risk participations in outstanding Swingline Loans pursuant to Section 2.04(c). Upon the appointment by the
Borrower of a successor L/C Issuer or Swingline Lender hereunder (which successor shall in all cases be a Lender other than a
Defaulting Lender), (i) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties
of the retiring L/C Issuer or Swingline Lender, as applicable, (ii) the retiring L/C Issuer and Swingline Lender shall be discharged
from all of their respective duties and obligations hereunder or under the other Loan Documents and (iii) the successor L/C Issuer
shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or
make other arrangements satisfactory to Bank of America to effectively assume the obligations of Bank of America with respect
to such Letters of Credit.

 

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9.07
Non-Reliance on Administrative Agent and Other Lenders.

 

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

 

9.08
No Other Duties; Etc.

 

Anything
herein to the contrary notwithstanding, none of the bookrunners, arrangers, syndication agents, documentation agents or co-agents
shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity,
as applicable, as the Administrative Agent, a Lender or the L/C Issuer hereunder.

 

9.09
Administrative Agent May File Proofs of Claim; Credit Bidding.

 

In
case of the pendency of any proceeding under any Debtor Relief Law or any other judicial proceeding relative to any Loan Party,
the Administrative Agent (irrespective of whether the principal of any Loan or L/C Obligation shall then be due and payable as
herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand
on the Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise:

 

(a)
to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, L/C Obligations
and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order
to have the claims of the Lenders, the L/C Issuer and the Administrative Agent (including any claim for the reasonable compensation,
expenses, disbursements and advances of the Lenders, the L/C Issuer and the Administrative Agent and their respective agents and
counsel and all other amounts due the Lenders, the L/C Issuer and the Administrative Agent under Sections 2.03(h), 2.03(i),
2.09 and 11.04) allowed in such judicial proceeding; and

 

(b)
to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same;

 

and
any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding
is hereby authorized by each Lender and the L/C Issuer to make such payments to the Administrative Agent and, in the event that
the Administrative Agent shall consent to the making of such payments directly to the Lenders and the L/C Issuer, to pay to the
Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative
Agent and its agents and counsel, and any other amounts due the Administrative Agent under Sections 2.09 and 11.04.

 

Nothing
contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf
of any Lender or the L/C Issuer any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or
the rights of any Lender or the L/C Issuer to authorize the Administrative Agent to vote in respect of the claim of any Lender
or the L/C Issuer in any such proceeding.

 

    	103

    	 

    

 

The
holders of the Obligations hereby irrevocably authorize the Administrative Agent, at the direction of the Required Lenders, to
credit bid all or any portion of the Obligations (including accepting some or all of the Collateral in satisfaction of some or
all of the Obligations pursuant to a deed in lieu of foreclosure or otherwise) and in such manner purchase (either directly or
through one or more acquisition vehicles) all or any portion of the Collateral (a) at any sale thereof conducted under the provisions
of the Bankruptcy Code of the United States, including under Sections 363, 1123 or 1129 of the Bankruptcy Code of the United States,
or any similar Laws in any other jurisdictions to which a Loan Party is subject, (b) at any other sale or foreclosure or acceptance
of collateral in lieu of debt conducted by (or with the consent or at the direction of) the Administrative Agent (whether by judicial
action or otherwise) in accordance with any applicable Law. In connection with any such credit bid and purchase, the Obligations
owed to the holders thereof shall be entitled to be, and shall be, credit bid on a ratable basis (with Obligations with respect
to contingent or unliquidated claims receiving contingent interests in the acquired assets on a ratable basis that would vest
upon the liquidation of such claims in an amount proportional to the liquidated portion of the contingent claim amount used in
allocating the contingent interests) in the asset or assets so purchased (or in the Capital Stock or debt instruments of the acquisition
vehicle or vehicles that are used to consummate such purchase). In connection with any such bid (i) the Administrative Agent shall
be authorized (A) to form one or more acquisition vehicles to make a bid, and (B) to adopt documents providing for the governance
of the acquisition vehicle or vehicles; provided that any actions by the Administrative Agent with respect to such acquisition
vehicle or vehicles, including any disposition of the assets or Capital Stock thereof shall be governed, directly or indirectly,
by the vote of the Required Lenders, irrespective of the termination of this Agreement and without giving effect to the limitations
on actions by the Required Lenders contained in clauses (a)(i) through (a)(vi) of Section 11.01, and (ii) to the extent
that Obligations that are assigned to an acquisition vehicle are not used to acquire Collateral for any reason (as a result of
another bid being higher or better, because the amount of Obligations assigned to the acquisition vehicle exceeds the amount of
debt credit bid by the acquisition vehicle or otherwise), such Obligations shall automatically be reassigned to the Lenders pro
rata and the Capital Stock and/or debt instruments issued by any acquisition vehicle on account of the Obligations that had been
assigned to the acquisition vehicle shall automatically be cancelled, without the need for any Lender or any acquisition vehicle
to take any further action.

 

9.10
Collateral and Guaranty Matters.

 

Without
limiting the provisions of Section 9.09, each of the Lenders (including in its capacities as a potential Cash Management
Bank and a potential Hedge Bank) and the L/C Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion,

 

(a)
to release any Lien on any property granted to or held by the Administrative Agent under any Loan Document (i) upon the Facility
Termination Date, (ii) that is sold or otherwise disposed of as part of or in connection with any sale or other disposition permitted
hereunder or under any other Loan Document or any Recovery Event, or (iii) as approved in accordance with Section 11.01;

 

(b)
to subordinate any Lien on any Collateral granted to or held by the Administrative Agent under any Loan Document to the holder
of any Lien on such Collateral that is permitted by Section 7.01(i); and

 

(c)
to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction
permitted under the Loan Documents.

 

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Upon
request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s
authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor from its
obligations under the Guaranty, pursuant to this Section 9.10.

 

The
Administrative Agent shall not be responsible for or have a duty to ascertain or inquire into any representation or warranty regarding
the existence, value or collectability of the Collateral, the existence, priority or perfection of the Administrative Agent’s
Lien thereon, or any certificate prepared by any Loan Party in connection therewith, nor shall the Administrative Agent be responsible
or liable to the Lenders for any failure to monitor or maintain any portion of the Collateral.

 

9.11
Secured Cash Management Agreements and Secured Hedge Agreements.

 

Except
as otherwise expressly set forth herein, no Cash Management Bank or Hedge Bank that obtains the benefit of Section 8.03,
the Guaranty or any Collateral by virtue of the provisions hereof or any Collateral Document shall have any right to notice of
any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect
of the Collateral (including the release or impairment of any Collateral) (or to notice of or to consent to any amendment, waiver
or modification of the provisions hereof or of the Guaranty or any Collateral Document) other than in its capacity as a Lender
and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Article
IX to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements
have been made with respect to, Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements except
to the extent expressly provided herein and unless the Administrative Agent has received a Secured Party Designation Notice of
such Obligations, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash
Management Bank or Hedge Bank, as the case may be. The Administrative Agent shall not be required to verify the payment of, or
that other satisfactory arrangements have been made with respect to, Obligations arising under Secured Cash Management Agreements
and Secured Hedge Agreements in the case of the Facility Termination Date.

 

9.12
ERISA Matters.

 

(a)
Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from
the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit
of, the Administrative Agent and each Arranger and their respective Affiliates, and not, for the avoidance of doubt, to or for
the benefit of the Borrower or any other Loan Party, that at least one of the following is and will be true:

 

(i)
such Lender is not using “plan assets” (within the meaning of 29 CFR § 2510.3-101, as modified by Section 3(42)
of ERISA, or otherwise) of one or more Benefit Plans in connection with the Loans, the Letters of Credit or the Commitments,

 

(ii)
the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined
by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance
company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts),
PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption
for certain transactions determined by in-house asset managers), is applicable with respect to such Lender’s entrance into,
participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement,

 

    	105

    	 

    

 

(iii)
(A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part
VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter
into, participate in, administer and perform the Loans, the Letters of Credit, the Commitments and this Agreement, (C) the entrance
into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement
satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender,
the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation
in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, or

 

(iv)
such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion,
and such Lender.

 

(b)
In addition, unless either (1) sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or (2)
a Lender has provided another representation, warranty and covenant in accordance with sub-clause (iv) in the immediately preceding
clause (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and
(y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto,
for the benefit of, the Administrative Agent and each Arranger and their respective Affiliates, and not, for the avoidance of
doubt, to or for the benefit of the Borrower or any other Loan Party, that none of the Administrative Agent or any Arranger or
any of their respective Affiliates is a fiduciary with respect to the assets of such Lender involved in the Loans, the Letters
of Credit, the Commitments and this Agreement (including in connection with the reservation or exercise of any rights by the Administrative
Agent under this Agreement, any Loan Document or any documents related to hereto or thereto).

 

Article
X.

 

GUARANTY

 

10.01
The Guaranty.

 

Each
of the Guarantors hereby jointly and severally guarantees to each Lender, the L/C Issuer and each other holder of Obligations
as hereinafter provided, as primary obligor and not as surety, the prompt payment of the Obligations in full when due (whether
at stated maturity, as a mandatory prepayment, by acceleration, as a mandatory cash collateralization or otherwise) strictly in
accordance with the terms thereof. The Guarantors hereby further agree that if any of the Obligations are not paid in full when
due (whether at stated maturity, as a mandatory prepayment, by acceleration, as a mandatory cash collateralization or otherwise),
the Guarantors will, jointly and severally, promptly pay the same, without any demand or notice whatsoever, and that in the case
of any extension of time of payment or renewal of any of the Obligations, the same will be promptly paid in full when due (whether
at extended maturity, as a mandatory prepayment, by acceleration, as a mandatory cash collateralization or otherwise) in accordance
with the terms of such extension or renewal.

 

    	106

    	 

    

 

Notwithstanding
any provision to the contrary contained herein or in any other of the Loan Documents or the other documents relating to the Obligations,
the obligations of each Guarantor under this Agreement and the other Loan Documents shall not exceed an aggregate amount equal
to the largest amount that would not render such obligations subject to avoidance under applicable Debtor Relief Laws.

 

10.02
Obligations Unconditional.

 

The
obligations of the Guarantors under Section 10.01 are joint and several, absolute and unconditional, irrespective of the
value, genuineness, validity, regularity or enforceability of any of the Loan Documents or other documents relating to the Obligations,
or any substitution, release, impairment or exchange of any other guarantee of or security for any of the Obligations, and, to
the fullest extent permitted by applicable Law, irrespective of any other circumstance whatsoever which might otherwise constitute
a legal or equitable discharge or defense of a surety or guarantor, it being the intent of this Section 10.02 that the
obligations of the Guarantors hereunder shall be absolute and unconditional under any and all circumstances. Each Guarantor agrees
that such Guarantor shall have no right of subrogation, indemnity, reimbursement or contribution against the Borrower or any other
Guarantor for amounts paid under this Article X until such time as the Obligations have been paid in full and the Commitments
have expired or terminated. Without limiting the generality of the foregoing, it is agreed that, to the fullest extent permitted
by applicable Law, the occurrence of any one or more of the following shall not alter or impair the liability of any Guarantor
hereunder, which shall remain absolute and unconditional as described above:

 

(a)
at any time or from time to time, without notice to any Guarantor, the time for any performance of or compliance with any of the
Obligations shall be extended, or such performance or compliance shall be waived;

 

(b)
any of the acts mentioned in any of the provisions of any of the Loan Documents or other documents relating to the Obligations
shall be done or omitted;

 

(c)
the maturity of any of the Obligations shall be accelerated, or any of the Obligations shall be modified, supplemented or amended
in any respect, or any right under any of the Loan Documents or other documents relating to the Obligations shall be waived or
any other guarantee of any of the Obligations or any security therefor shall be released, impaired or exchanged in whole or in
part or otherwise dealt with;

 

(d)
any Lien granted to, or in favor of, the Administrative Agent or any other holder of the Obligations as security for any of the
Obligations shall fail to attach or be perfected; or

 

(e)
any of the Obligations shall be determined to be void or voidable (including for the benefit of any creditor of any Guarantor)
or shall be subordinated to the claims of any Person (including any creditor of any Guarantor).

 

With
respect to its obligations hereunder, each Guarantor hereby expressly waives diligence, presentment, demand of payment, protest
and all notices whatsoever, and any requirement that the Administrative Agent or any other holder of the Obligations exhaust any
right, power or remedy or proceed against any Person under any of the Loan Documents or any other document relating to the Obligations,
or against any other Person under any other guarantee of, or security for, any of the Obligations.

 

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10.03
Reinstatement.

 

The
obligations of each Guarantor under this Article X shall be automatically reinstated if and to the extent that for any
reason any payment by or on behalf of any Person in respect of the Obligations is rescinded or must be otherwise restored by any
holder of any of the Obligations, whether as a result of any applicable Debtor Relief Law or otherwise, and each Guarantor agrees
that it will indemnify the Administrative Agent and each other holder of the Obligations on demand for all reasonable costs and
expenses (including the fees, charges and disbursements of counsel) incurred by the Administrative Agent or such holder of the
Obligations in connection with such rescission or restoration, including any such costs and expenses incurred in defending against
any claim alleging that such payment constituted a preference, fraudulent transfer or similar payment under any applicable Debtor
Relief Law.

 

10.04
Certain Additional Waivers.

 

Each
Guarantor agrees that such Guarantor shall have no right of recourse to security for the Obligations, except through the exercise
of rights of subrogation pursuant to Section 10.02 and through the exercise of rights of contribution pursuant to Section
10.06.

 

10.05
Remedies.

 

The
Guarantors agree that, to the fullest extent permitted by applicable Law, as between the Guarantors, on the one hand, and the
Administrative Agent and the other holders of the Obligations, on the other hand, the Obligations may be declared to be forthwith
due and payable as specified in Section 8.02 (and shall be deemed to have become automatically due and payable in the circumstances
specified in Section 8.02) for purposes of Section 10.01 notwithstanding any stay, injunction or other prohibition
preventing such declaration (or preventing the Obligations from becoming automatically due and payable) as against any other Person
and that, in the event of such declaration (or the Obligations being deemed to have become automatically due and payable), the
Obligations (whether or not due and payable by any other Person) shall forthwith become due and payable by the Guarantors for
purposes of Section 10.01. The Guarantors acknowledge and agree that their obligations hereunder are secured in accordance
with the terms of the Collateral Documents and that the holders of the Obligations may exercise their remedies thereunder in accordance
with the terms thereof.

 

10.06
Rights of Contribution.

 

The
Guarantors hereby agree as among themselves that, if any Guarantor shall make an Excess Payment (as defined below), such Guarantor
shall have a right of contribution from each other Guarantor in an amount equal to such other Guarantor’s Contribution Share
(as defined below) of such Excess Payment. The payment obligations of any Guarantor under this Section 10.06 shall be subordinate
and subject in right of payment to the Obligations until such time as the Obligations have been paid-in-full and the Commitments
have terminated, and none of the Guarantors shall exercise any right or remedy under this Section 10.06 against any other
Guarantor until such Obligations have been paid-in-full and the Commitments have terminated. For purposes of this Section 10.06,
(a) “Excess Payment” shall mean the amount paid by any Guarantor in excess of its Ratable Share of any Obligations;
(b) “Ratable Share” shall mean, for any Guarantor in respect of any payment of Obligations, the ratio (expressed
as a percentage) as of the date of such payment of Obligations of (i) the amount by which the aggregate present fair salable value
of all of its assets and properties exceeds the amount of all debts and liabilities of such Guarantor (including contingent, subordinated,
unmatured, and unliquidated liabilities, but excluding the obligations of such Guarantor hereunder) to (ii) the amount by which
the aggregate present fair salable value of all assets and other properties of all of the Loan Parties exceeds the amount of all
of the debts and liabilities (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations
of the Loan Parties hereunder) of the Loan Parties; provided, however, that, for purposes of calculating the Ratable
Shares of the Guarantors in respect of any payment of Obligations, any Guarantor that became a Guarantor subsequent to the date
of any such payment shall be deemed to have been a Guarantor on the date of such payment and the financial information for such
Guarantor as of the date such Guarantor became a Guarantor shall be utilized for such Guarantor in connection with such payment;
and (c) “Contribution Share” shall mean, for any Guarantor in respect of any Excess Payment made by any other
Guarantor, the ratio (expressed as a percentage) as of the date of such Excess Payment of (i) the amount by which the aggregate
present fair salable value of all of its assets and properties exceeds the amount of all debts and liabilities of such Guarantor
(including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of such Guarantor
hereunder) to (ii) the amount by which the aggregate present fair salable value of all assets and other properties of the Loan
Parties other than the maker of such Excess Payment exceeds the amount of all of the debts and liabilities (including contingent,
subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of the Loan Parties) of the Loan Parties
other than the maker of such Excess Payment; provided, however, that, for purposes of calculating the Contribution
Shares of the Guarantors in respect of any Excess Payment, any Guarantor that became a Guarantor subsequent to the date of any
such Excess Payment shall be deemed to have been a Guarantor on the date of such Excess Payment and the financial information
for such Guarantor as of the date such Guarantor became a Guarantor shall be utilized for such Guarantor in connection with such
Excess Payment. This Section 10.06 shall not be deemed to affect any right of subrogation, indemnity, reimbursement or
contribution that any Guarantor may have under Law against the Borrower in respect of any payment of Obligations.

 

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10.07
Guarantee of Payment; Continuing Guarantee.

 

The
guarantee in this Article X is a guaranty of payment and not of collection, is a continuing guarantee, and shall apply
to the Obligations whenever arising.

 

10.08
Keepwell.

 

Each
Loan Party that is a Qualified ECP Guarantor at the time the Guaranty in this Article X or the grant of a Lien under the
Loan Documents, in each case, by any Specified Loan Party becomes effective with respect to any Swap Obligation, hereby jointly
and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified
Loan Party with respect to such Swap Obligation as may be needed by such Specified Loan Party from time to time to honor all of
its obligations under the Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount
of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings
under this Article X voidable under applicable Debtor Relief Laws, and not for any greater amount). The obligations and
undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Obligations have
been indefeasibly paid and performed in full. Each Loan Party intends this Section to constitute, and this Section shall be deemed
to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of,
each Specified Loan Party for all purposes of the Commodity Exchange Act.

 

Article
XI.

 

MISCELLANEOUS

 

11.01
Amendments, Etc.

 

Except
as provided in Section 2.16 with respect to an Incremental Facility Amendment, no amendment or waiver of any provision
of this Agreement or any other Loan Document, and no consent to any departure by any Loan Party therefrom, shall be effective
unless in writing signed by the Required Lenders (or by the Administrative Agent with the consent of the Required Lenders) and
the Borrower or the applicable Loan Party, as the case may be, and acknowledged by the Administrative Agent, and each such waiver
or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however,
that

 

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(a)
no such amendment, waiver or consent shall:

 

(i)
extend or increase the Commitment of any Lender (or reinstate any Commitment terminated pursuant to Section 8.02) without
the written consent of such Lender (it being understood and agreed that a waiver of any condition precedent set forth in Section
4.02 or of any Default or a mandatory reduction in Commitments is not considered an extension or increase in Commitments of
any Lender);

 

(ii)
postpone any date fixed by this Agreement or any other Loan Document for any payment (excluding mandatory prepayments) of principal,
interest, fees or other amounts due to the Lenders (or any of them) or any scheduled reduction of the Commitments hereunder or
under any other Loan Document without the written consent of each Lender entitled to receive such payment or whose Commitments
are to be reduced;

 

(iii)
reduce the principal of, or the rate of interest specified herein on, any Loan or L/C Borrowing, or (subject to clause (i) of
the final proviso to this Section 11.01) any fees or other amounts payable hereunder or under any other Loan Document without
the written consent of each Lender entitled to receive such amount; provided, however, that (A) only the consent
of the Required Lenders shall be necessary to amend the definition of “Default Rate” or to waive any obligation of
the Borrower to pay interest or Letter of Credit Fees at the Default Rate and (B) an amendment to any financial covenant hereunder
(or any defined term used therein) even if the effect of such amendment would be to reduce the rate of interest on any Loan or
L/C Borrowing or to reduce any fee payable hereunder shall not be deemed to be a reduction of the principal of, or the rate of
interest specified herein on, any Loan or L/C Borrowing, or any fees or other amounts payable hereunder or under any other Loan
Document;

 

(iv)
change Section 8.03 in a manner that would alter the pro rata sharing of payments required thereby or the order of application
required thereby without the written consent of each Lender directly and adversely affected thereby;

 

(v)
change any provision of this Section 11.01(a) or the definition of “Required Lenders” without the written consent
of each Lender directly and adversely affected thereby;

 

(vi)
release all or substantially all of the Collateral without the written consent of each Lender whose Obligations are secured by
such Collateral;

 

(vii)
release the Borrower without the consent of each Lender, or, except in connection with a transaction permitted under Section
7.03 or Section 7.06, all or substantially all of the value of the Guaranty without the written consent of each Lender
whose Obligations are guarantied thereby, except to the extent such release is permitted pursuant to Section 9.10 (in which
case such release may be made by the Administrative Agent acting alone); or

 

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(b)
unless also signed by the L/C Issuer, no amendment, waiver or consent shall affect the rights or duties of the L/C Issuer under
this Agreement or any Issuer Document relating to any Letter of Credit issued or to be issued by it;

 

(c)
unless also signed by the Swingline Lender, no amendment, waiver or consent shall affect the rights or duties of the Swingline
Lender under this Agreement; and

 

(d)
unless also signed by the Administrative Agent, no amendment, waiver or consent shall affect the rights or duties of the Administrative
Agent under this Agreement or any other Loan Document;

 

provided,
further, that notwithstanding anything to the contrary herein, (i) the Fee Letter may be amended, or rights or privileges
thereunder waived, in a writing executed only by the parties thereto, (ii) each Lender is entitled to vote as such Lender sees
fit on any bankruptcy reorganization plan that affects the Loans, and each Lender acknowledges that the provisions of Section
1126(c) of the Bankruptcy Code of the United States supersedes the unanimous consent provisions set forth herein, (iii) the Required
Lenders shall determine whether or not to allow a Loan Party to use cash collateral in the context of a bankruptcy or insolvency
proceeding and such determination shall be binding on all of the Lenders and (iv) Incremental Facility Amendments may be effected
in accordance with Section 2.16.

 

Notwithstanding
anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent
hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Lenders or each affected Lender
may be effected with the consent of the applicable Lenders other than Defaulting Lenders), except that (x) the Commitment of any
Defaulting Lender may not be increased or extended and the maturity date of any of its Loans may not be extended, the rate of
interest on any of its Loans may not be reduced and the principal amount of any of its Loans may not be forgiven, in each case
without the consent of such Defaulting Lender and (y) any waiver, amendment, consent or modification requiring the consent of
all Lenders or each affected Lender that by its terms affects any Defaulting Lender more adversely relative to other affected
Lenders shall require the consent of such Defaulting Lender.

 

Notwithstanding
anything to the contrary herein, this Agreement may be amended and restated without the consent of any Lender (but with the consent
of the Borrower and the Administrative Agent) if, upon giving effect to such amendment and restatement, such Lender shall no longer
be a party to this Agreement (as so amended and restated), the Commitments of such Lender shall have terminated, such Lender shall
have no other commitment or other obligation hereunder and shall have been paid in full all principal, interest and other amounts
owing to it or accrued for its account under this Agreement.

 

Notwithstanding
any provision herein to the contrary (x) the Administrative Agent and the Borrower may amend, modify or supplement this Agreement
or any other Loan Document to cure or correct administrative errors or omissions, any ambiguity, omission, defect or inconsistency
or to effect administrative changes, and such amendment shall become effective without any further consent of any other party
to such Loan Document so long as (i) such amendment, modification or supplement does not adversely affect the rights of any Lender
or other holder of Obligations in any material respect and (ii) the Lenders shall have received at least five Business Days’
prior written notice thereof and the Administrative Agent shall not have received, within five Business Days of the date of such
notice to the Lenders, a written notice from the Required Lenders stating that the Required Lenders object to such amendment and
(y) the Administrative Agent and the Borrower may make amendments contemplated by Section 3.03(c).

 

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11.02
Notices; Effectiveness; Electronic Communications.

 

(a)
Notices Generally. Except in the case of notices and other communications expressly permitted to be given by telephone
(and except as provided in subsection (b) below), all notices and other communications provided for herein shall be in writing
and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by facsimile as follows,
and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable
telephone number, as follows:

 

(i)
if to any Loan Party, the Administrative Agent, the L/C Issuer or the Swingline Lender, to the address, facsimile number, e-mail
address or telephone number specified for such Person on Schedule 11.02; and

 

(ii)
if to any other Lender, to the address, facsimile number, e-mail address or telephone number specified in its Administrative Questionnaire
(including, as appropriate, notices delivered solely to the Person designated by a Lender on its Administrative Questionnaire
then in effect for the delivery of notices that may contain material non-public information relating to the Borrower).

 

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

 

(b)
Electronic Communications. Notices and other communications to the Lenders and the L/C Issuer hereunder may be delivered
or furnished by electronic communication (including e mail, FpML messaging, and Internet or intranet websites) pursuant to procedures
approved by the Administrative Agent, provided that the foregoing shall not apply to notices to any Lender or the L/C Issuer pursuant
to Article II if such Lender or the L/C Issuer, as applicable, has notified the Administrative Agent that it is incapable
of receiving notices under such Article by electronic communication. The Administrative Agent, the Swingline Lender, the L/C Issuer
or the Borrower (on behalf of itself and the Loan Parties) may each, in its discretion, agree to accept notices and other communications
to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures
may be limited to particular notices or communications.

 

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

 

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(c)
The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS DEFINED
BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM
LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING
ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES
OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall
the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability
to the Borrower, any Lender, the L/C Issuer or any other Person for losses, claims, damages, liabilities or expenses of any kind
(whether in tort, contract or otherwise) arising out of any Loan Party’s or the Administrative Agent’s transmission
of Borrower Materials or notices through the Platform, any other electronic platform or electronic messaging service, or through
the Internet.

 

(d)
Change of Address, Etc. Each of the Borrower, the Administrative Agent, the L/C Issuer and the Swingline Lender may change
its address, facsimile, telephone number or e-mail address for notices and other communications hereunder by notice to the other
parties hereto. Each other Lender may change its address, facsimile, telephone number or e-mail address for notices and other
communications hereunder by notice to the Borrower, the Administrative Agent, the L/C Issuer and the Swingline Lender. In addition,
each Lender agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record
(i) an effective address, contact name, telephone number, facsimile number and e-mail address to which notices and other communications
may be sent and (ii) accurate wire instructions for such Lender. Furthermore, each Public Lender agrees to cause at least one
individual at or on behalf of such Public Lender to at all times have selected the “Private Side Information” or similar
designation on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance
with such Public Lender’s compliance procedures and applicable Law, including United States Federal and state securities
Laws, to make reference to Borrower Materials that are not made available through the “Public Side Information” portion
of the Platform and that may contain material non-public information with respect to the Borrower or its securities for purposes
of United States Federal or state securities Laws.

 

(e)
Reliance by Administrative Agent, L/C Issuer and Lenders. The Administrative Agent, the L/C Issuer and the Lenders shall
be entitled to rely and act upon any notices (including telephonic or electronic notices, Loan Notices, Letter of Credit Applications
and Swingline Loan Notices) purportedly given by or on behalf of any Loan Party even if (i) such notices were not made in a manner
specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms
thereof, as understood by the recipient, varied from any confirmation thereof. The Loan Parties shall indemnify the Administrative
Agent, the L/C Issuer, each Lender and the Related Parties of each of them from all losses, costs, expenses and liabilities resulting
from the reliance by such Person on each notice purportedly given by or on behalf of a Loan Party. All telephonic notices to and
other telephonic communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the parties
hereto hereby consents to such recording.

 

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11.03
No Waiver; Cumulative Remedies; Enforcement.

 

No
failure by any Lender, the L/C Issuer or the Administrative Agent to exercise, and no delay by any such Person in exercising,
any right, remedy, power or privilege hereunder or under any other Loan Document shall operate as a waiver thereof; nor shall
any single or partial exercise of any right, remedy, power or privilege hereunder or under any other Loan Document (including
the imposition of the Default Rate) preclude any other or further exercise thereof or the exercise of any other right, remedy,
power or privilege. The rights, remedies, powers and privileges herein provided, and provided under each other Loan Document are
cumulative and not exclusive of any rights, remedies, powers and privileges provided by Law.

 

Notwithstanding
anything to the contrary contained herein or in any other Loan Document, the authority to enforce rights and remedies hereunder
and under the other Loan Documents against the Loan Parties or any of them shall be vested exclusively in, and all actions and
proceedings at law in connection with such enforcement shall be instituted and maintained exclusively by, the Administrative Agent
in accordance with Section 8.02 for the benefit of all the Lenders and the L/C Issuer; provided, however,
that the foregoing shall not prohibit (a) the Administrative Agent from exercising on its own behalf the rights and remedies that
inure to its benefit (solely in its capacity as Administrative Agent) hereunder and under the other Loan Documents, (b) the L/C
Issuer or the Swingline Lender from exercising the rights and remedies that inure to its benefit (solely in its capacity as L/C
Issuer or Swingline Lender, as the case may be) hereunder and under the other Loan Documents, (c) any Lender from exercising setoff
rights in accordance with Section 11.08 (subject to the terms of Section 2.13), or (d) any Lender from filing proofs
of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding relative to any Loan Party under
any Debtor Relief Law; and provided, further, that if at any time there is no Person acting as Administrative Agent
hereunder and under the other Loan Documents, then (i) the Required Lenders shall have the rights otherwise ascribed to the Administrative
Agent pursuant to Section 8.02 and (ii) in addition to the matters set forth in clauses (b), (c) and (d) of the preceding
proviso and subject to Section 2.13, any Lender may, with the consent of the Required Lenders, enforce any rights and remedies
available to it and as authorized by the Required Lenders.

 

11.04
Expenses; Indemnity; Damage Waiver.

 

(a)
Costs and Expenses. The Loan Parties shall pay (i) all reasonable and documented out of pocket expenses incurred by the
Administrative Agent and its Affiliates (including the reasonable fees, charges and disbursements of counsel for the Administrative
Agent) in connection with the syndication of the credit facilities provided for herein, the preparation, negotiation, execution,
delivery and administration of this Agreement and the other Loan Documents or any amendments, modifications or waivers of the
provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable
out of pocket expenses incurred by the L/C Issuer in connection with the issuance, amendment, renewal or extension of any Letter
of Credit or any demand for payment thereunder and (iii) all out of pocket expenses incurred by the Administrative Agent, any
Lender or the L/C Issuer (including the fees, charges and disbursements of any counsel for the Administrative Agent, any Lender
or the L/C Issuer) in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the
other Loan Documents, including its rights under this Section, or (B) in connection with the Loans made or Letters of Credit issued
hereunder, including all such out of pocket expenses incurred during any workout, restructuring or negotiations in respect of
such Loans or Letters of Credit.

 

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(b)
Indemnification by the Loan Parties. The Loan Parties shall indemnify the Administrative Agent (and any sub-agent thereof),
each Lender and the L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”)
against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including
the fees, charges and disbursements of any counsel for any Indemnitee; provided that such legal expenses shall be limited
to the reasonable fees, disbursements and other charges of one primary counsel, one local counsel in each relevant jurisdiction,
one specialty counsel for each relevant specialty and one additional counsel to each group of affected Persons similarly situated
if one or more conflicts of interests, or perceived conflicts of interest, arise), incurred by any Indemnitee or asserted against
any Indemnitee by any Person (including any Loan Party) arising out of, in connection with, or as a result of (i) the execution
or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance
by the parties hereto of their respective obligations hereunder or thereunder, the consummation of the transactions contemplated
hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration
of this Agreement and the other Loan Documents (including in respect of any matters addressed in Section 3.01), (ii) any
Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by the L/C Issuer to honor
a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply
with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on or from any
property owned or operated by a Loan Party or any of its Subsidiaries, or any Environmental Liability related in any way to a
Loan Party or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating
to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by any Loan
Party, and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee,
be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a court of
competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of
such Indemnitee, (y) result from a claim brought by any Loan Party against an Indemnitee for breach in bad faith of such Indemnitee’s
obligations hereunder or under any other Loan Document, if such Loan Party has obtained a final and nonappealable judgment in
its favor on such claim as determined by a court of competent jurisdiction, or (z) result from a claim not involving an act or
omission of the Borrower or any of its Subsidiaries or Affiliates and that is brought by an Indemnitee against another Indemnitee
(other than against an Arranger or the Administrative Agent in their capacities as such). Without limiting the provisions of Section
3.01(c), this Section 11.04(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims,
damages, etc. arising from any non-Tax claim.

 

(c)
Reimbursement by Lenders. To the extent that the Loan Parties for any reason fail to indefeasibly pay any amount required
under subsection (a) or (b) of this Section to be paid by them to the Administrative Agent (or any sub-agent thereof), the L/C
Issuer, the Swingline Lender or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative
Agent (or any such sub-agent), the L/C Issuer, the Swingline Lender or such Related Party, as the case may be, such Lender’s
pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought based on each
Lender’s share of the Total Credit Exposures of all Lenders at such time) of such unpaid amount (including any such unpaid
amount in respect of a claim asserted by such Lender), such payment to be made severally among them based on such Lenders’
Applicable Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought), provided,
further that, the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may
be, was incurred by or asserted against the Administrative Agent (or any such sub-agent), the L/C Issuer or the Swingline Lender
in its capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such
sub-agent), the L/C Issuer or the Swingline Lender in connection with such capacity. The obligations of the Lenders under this
subsection (c) are subject to the provisions of Section 2.12(d).

 

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(d)
Waiver of Consequential Damages, Etc. To the fullest extent permitted by applicable Law, no Loan Party shall assert, and
each Loan Party hereby waives, and acknowledges that no other Person shall have, any claim against any Indemnitee, on any theory
of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of,
in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby,
the transactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee
shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed
to such unintended recipients by such Indemnitee through telecommunications, electronic or other information transmission systems
in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby.

 

(e)
Payments. All amounts due under this Section shall be payable not later than ten Business Days after demand therefor.

 

(f)
Survival. The agreements in this Section and the indemnity provisions of Section 11.02(e) shall survive the resignation
of the Administrative Agent, the L/C Issuer and the Swingline Lender, the replacement of any Lender, the termination of the Commitments
and the repayment, satisfaction or discharge of all the other Obligations.

 

11.05
Payments Set Aside.

 

To
the extent that any payment by or on behalf of any Loan Party is made to the Administrative Agent, the L/C Issuer or any Lender,
or the Administrative Agent, the L/C Issuer or any Lender exercises its right of setoff, and such payment or the proceeds of such
setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including
pursuant to any settlement entered into by the Administrative Agent, the L/C Issuer or such Lender in its discretion) to be repaid
to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a)
to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued
in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender and the L/C
Issuer severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount
so recovered from or repaid by the Administrative Agent, plus interest thereon from the date of such demand to the date such payment
is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders and the
L/C Issuer under clause (b) of the preceding sentence shall survive the payment in full of the Obligations and the termination
of this Agreement.

 

11.06
Successors and Assigns.

 

(a)
Successors and Assigns Generally. The provisions of this Agreement and the other Loan Documents shall be binding upon and
inure to the benefit of the parties hereto and thereto and their respective successors and assigns permitted hereby, except that
the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder or thereunder without the prior written
consent of the Administrative Agent and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations
hereunder except (i) to an assignee in accordance with the provisions of subsection (b) of this Section, (ii) by way of participation
in accordance with the provisions of subsection (d) of this Section or (iii) by way of pledge or assignment of a security interest
subject to the restrictions of subsection (e) of this Section (and any other attempted assignment or transfer by any party hereto
shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other
than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in subsection
(d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent,
the L/C Issuer and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

 

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(b)
Assignments by Lenders. Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations
under this Agreement and the other Loan Documents (including all or a portion of its Commitment and the Loans (including for purposes
of this subsection (b), participations in L/C Obligations and in Swingline Loans) at the time owing to it); provided that
any such assignment shall be subject to the following conditions:

 

(i)
Minimum Amounts.

 

(A)
in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and the related Loans at
the time owing to it or contemporaneous assignments to related Approved Funds (determined after giving effect to such assignments)
that equal at least the amount specified in subsection (b)(i)(B) of this Section in the aggregate or in the case of an
assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and

 

(B)
in any case not described in subsection (b)(i)(A) of this Section, the aggregate amount of the Commitment (which for this
purpose includes Loans outstanding thereunder) or, if the applicable Commitment is not then in effect, the principal outstanding
balance of the Loans of the assigning Lender subject to each such assignment, determined as of the date the Assignment and Assumption
with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment
and Assumption, as of the Trade Date, shall not be less than $5,000,000 in the case of any assignment in respect of a Revolving
Commitment (and the related Revolving Loans thereunder) and $1,000,000 in the case of any assignment in respect of a Term Loan
unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise
consents (each such consent not to be unreasonably withheld or delayed).

 

(ii)
Proportionate Amounts. Each partial assignment shall be made as an assignment of a proportionate part of all the assigning
Lender’s Loans and Commitments, and rights and obligations with respect thereto, assigned, except that this clause (ii)
shall not (A) apply to the Swingline Lender’s rights and obligations in respect of Swingline Loans or (B) prohibit any Lender
from assigning all or a portion of its rights and obligations in respect of its Revolving Commitment (and the related Revolving
Loans thereunder) and its outstanding Term Loans on a non-pro rata basis;

 

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

 

(A)
the consent of the Borrower (such consent not to be unreasonably withheld or delayed) shall be required unless (1) an Event of
Default has occurred and is continuing at the time of such assignment or (2) such assignment is to a Lender, an Affiliate of a
Lender or an Approved Fund; provided that the Borrower shall be deemed to have consented to any such assignment unless
it shall object thereto by written notice to the Administrative Agent within five (5) Business Days after having received notice
thereof;

 

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(B)
the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required for assignments
in respect of (1) any unfunded Commitment if such assignment is to a Person that is not a Lender with a Commitment in respect
of the applicable facility subject to such assignment, an Affiliate of such Lender or an Approved Fund with respect to such Lender
or (2) any Term Loan to a Person that is not a Lender, an Affiliate of a Lender or an Approved Fund; and

 

(C)
the consent of the L/C Issuer and the Swingline Lender shall be required for any assignment in respect of Revolving Loans and
Revolving Commitments.

 

(iv)
Assignment and Assumption. The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment
and Assumption, together with a processing and recordation fee in the amount of $3,500; provided, however, that
the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment.
The assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire.

 

(v)
No Assignment to Certain Persons. No such assignment shall be made to (A) the Borrower or any of the Borrower’s Affiliates
or Subsidiaries, (B) any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would
constitute any of the foregoing Persons described in this clause (B), or (C) a natural Person (or a holding company, investment
vehicle or trust for, or owned and operated for the primary benefit of a natural Person).

 

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

 

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Subject
to acceptance and recording thereof by the Administrative Agent pursuant to subsection (c) of this Section, from and after the
effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to
the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this
Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption,
be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning
Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to
be entitled to the benefits of Sections 3.01, 3.04, 3.05 and 11.04 with respect to facts and circumstances
occurring prior to the effective date of such assignment); provided, that except to the extent otherwise expressly agreed
by the affected parties, no assignment by a Defaulting Lender will constitute a waiver or release of any claim of any party hereunder
arising from that Lender’s having been a Defaulting Lender. Upon request, the Borrower (at its expense) shall execute and
deliver a Note to the assignee Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that
does not comply with this subsection shall be treated for purposes of this Agreement as a sale by such Lender of a participation
in such rights and obligations in accordance with subsection (d) of this Section.

 

(c)
Register. The Administrative Agent, acting solely for this purpose as a non-fiduciary agent of the Borrower (and such agency
being solely for tax purposes), shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption
delivered to it (or the equivalent thereof in electronic form) and a register for the recordation of the names and addresses of
the Lenders, and the Commitments of, and principal amounts (and stated interest) of the Loans and L/C Obligations owing to, each
Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be
conclusive absent manifest error, and the Borrower, the Administrative Agent and the Lenders shall treat each Person whose name
is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement. The Register
shall be available for inspection by the Borrower and any Lender at any reasonable time and from time to time upon reasonable
prior notice.

 

(d)
Participations. Any Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative Agent,
sell participations to any Person (other than a natural Person (or a holding company, investment vehicle or trust for, or owned
and operated for the primary benefit of a natural Person), a Defaulting Lender or the Borrower or any of the Borrower’s
Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of such Lender’s rights and/or
obligations under this Agreement (including all or a portion of its Commitment and/or the Loans (including such Lender’s
participations in L/C Obligations and/or Swingline Loans) owing to it); provided that (i) such Lender’s obligations
under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for
the performance of such obligations and (iii) the Borrower, the Administrative Agent, the Lenders and the L/C Issuer shall continue
to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement.
For the avoidance of doubt, each Lender shall be responsible for the indemnity under Section 11.04(c) without regard to
the existence of any participation.

 

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Any
agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the
sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement;
provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant,
agree to any amendment, waiver or other modification described in Section 11.01(a) that affects such Participant. The Borrower
agrees that each Participant shall be entitled to the benefits of Sections 3.01, 3.04 and 3.05 to the same
extent as if it were a Lender and had acquired its interest by assignment pursuant to subsection (b) of this Section (it
being understood that the documentation required under Section 3.01(e) shall be delivered to the Lender who sells the participation)
to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section;
provided that such Participant (A) agrees to be subject to the provisions of Sections 3.06 and 11.13 as if
it were an assignee under paragraph (b) of this Section and (B) shall not be entitled to receive any greater payment under Sections
3.01 or 3.04, with respect to any participation, than the Lender from whom it acquired the applicable participation
would have been entitled to receive, except to the extent such entitlement to receive a greater payment results from a Change
in Law that occurs after the Participant acquired the applicable participation. Each Lender that sells a participation agrees,
at the Borrower’s request and expense, to use reasonable efforts to cooperate with the Borrower to effectuate the provisions
of Section 3.06 with respect to any Participant. To the extent permitted by Law, each Participant also shall be entitled
to the benefits of Section 11.08 as though it were a Lender; provided that such Participant agrees to be subject
to Section 2.13as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose
as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of each Participant and
the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under the Loan
Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose
all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s
interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to
the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is
in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register
shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register
as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance
of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant
Register.

 

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

 

(f)
Resignation as L/C Issuer or Swingline Lender after Assignment. Notwithstanding anything to the contrary contained herein,
if at any time Bank of America assigns all of its Revolving Commitment and Revolving Loans pursuant to subsection (b) above, Bank
of America may, (i) upon thirty days’ notice to the Borrower and the Lenders, resign as L/C Issuer and/or (ii) upon thirty
days’ notice to the Borrower, resign as Swingline Lender. In the event of any such resignation as L/C Issuer or Swingline
Lender, the Borrower shall be entitled to appoint from among the Lenders a successor L/C Issuer or Swingline Lender hereunder;
provided, however, that no failure by the Borrower to appoint any such successor shall affect the resignation of
Bank of America as L/C Issuer or Swingline Lender, as the case may be. If Bank of America resigns as L/C Issuer, it shall retain
all the rights, powers, privileges and duties of the L/C Issuer hereunder with respect to all Letters of Credit outstanding as
of the effective date of its resignation as L/C Issuer and all L/C Obligations with respect thereto (including the right to require
the Lenders to make Base Rate Loans or fund risk participations in Unreimbursed Amounts pursuant to Section 2.03(c)). If
Bank of America resigns as Swingline Lender, it shall retain all the rights of the Swingline Lender provided for hereunder with
respect to Swingline Loans made by it and outstanding as of the effective date of such resignation, including the right to require
the Lenders to make Base Rate Loans or fund risk participations in outstanding Swingline Loans pursuant to Section 2.04(c).
Upon the appointment of a successor L/C Issuer and/or Swingline Lender, (1) such successor shall succeed to and become vested
with all of the rights, powers, privileges and duties of the retiring L/C Issuer or Swingline Lender, as the case may be, and
(2) the successor L/C Issuer shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the
time of such succession or make other arrangements satisfactory to Bank of America to effectively assume the obligations of Bank
of America with respect to such Letters of Credit.

 

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11.07
Treatment of Certain Information; Confidentiality.

 

Each
of the Administrative Agent, the Lenders and the L/C Issuer agrees to maintain the confidentiality of the Information (as defined
below), except that Information may be disclosed (a) to its Affiliates, its auditors and its Related Parties (it being understood
that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed
to keep such Information confidential), (b) to the extent required or requested by any regulatory authority purporting to have
jurisdiction over such Person or its Related Parties (including any self-regulatory authority, such as the National Association
of Insurance Commissioners), (c) to the extent required by applicable Laws or regulations or by any subpoena or similar legal
process, (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Loan
Document or any action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder
or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any assignee
of or Participant in, or any prospective assignee of or Participant in, any of its rights and obligations under this Agreement
or any Eligible Assignee invited to be a Lender pursuant to Section 2.16 or (ii) any actual or prospective party (or its
Related Parties) to any swap, derivative or other transaction under which payments are to be made by reference to the Borrower
and its obligations, this Agreement or payments hereunder, (g) on a confidential basis to (i) any rating agency in connection
with rating the Borrower or its Subsidiaries or the credit facilities provided hereunder or (ii) the CUSIP Service Bureau or any
similar agency in connection with the application, issuance, publishing and monitoring of CUSIP numbers of other market identifiers
with respect to the credit facilities provided hereunder, (h) with the consent of the Borrower or (i) to the extent such Information
(x) becomes publicly available other than as a result of a breach of this Section, (y) becomes available to the Administrative
Agent, any Lender, the L/C Issuer or any of their respective Affiliates on a nonconfidential basis from a source other than the
Borrower or (z) is independently discovered or developed by a party hereto without utilizing any Information received from the
Borrower or violating the terms of this Section 11.07. In addition, the Administrative Agent and the Lenders may disclose
the existence of this Agreement and information about this Agreement to market data collectors, similar service providers to the
lending industry and service providers to the Agents and the Lenders in connection with the administration of this Agreement,
the other Loan Documents, and the Commitments.

 

For
purposes of this Section, “Information” means all information received from a Loan Party or any Subsidiary
relating to the Loan Parties or any Subsidiary or any of their respective businesses, other than any such information that is
available to the Administrative Agent, any Lender or the L/C Issuer on a nonconfidential basis prior to disclosure by such Loan
Party or any Subsidiary, provided that, in the case of information received from a Loan Party or any Subsidiary after the
Closing Date, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain
the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do
so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would
accord to its own confidential information.

 

Each
of the Administrative Agent, the Lenders and the L/C Issuer acknowledges that (a) the Information may include material non-public
information concerning a Loan Party or a Subsidiary, as the case may be, (b) it has developed compliance procedures regarding
the use of material non-public information and (c) it will handle such material non-public information in accordance with applicable
Law, including United States Federal and state securities Laws.

 

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11.08
Rights of Setoff.

 

If
an Event of Default shall have occurred and be continuing, each Lender, the L/C Issuer and each of their respective Affiliates
is hereby authorized at any time and from time to time, after obtaining the prior written consent of the Administrative Agent,
to the fullest extent permitted by applicable Law, to set off and apply any and all deposits (general or special, time or demand,
provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by
such Lender, the L/C Issuer or any such Affiliate to or for the credit or the account of any Loan Party against any and all of
the obligations of such Loan Party now or hereafter existing under this Agreement or any other Loan Document to such Lender or
the L/C Issuer or their respective Affiliates, irrespective of whether or not such Lender, the L/C Issuer or such Affiliate shall
have made any demand under this Agreement or any other Loan Document and although such obligations of such Loan Party may be contingent
or unmatured or are owed to a branch or office or Affiliate of such Lender or the L/C Issuer different from the branch or office
or Affiliate holding such deposit or obligated on such indebtedness; provided, that in the event that any Defaulting Lender
shall exercise any such right of setoff, (x) all amounts so set off shall be paid over immediately to the Administrative Agent
for further application in accordance with the provisions of Section 2.15 and, pending such payment, shall be segregated
by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent, the L/C Issuer
and the Lenders, and (y) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable
detail the Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of each Lender,
the L/C Issuer and their respective Affiliates under this Section are in addition to other rights and remedies (including other
rights of setoff) that such Lender, the L/C Issuer or their respective Affiliates may have. Each Lender and the L/C Issuer agrees
to notify the Borrower and the Administrative Agent promptly after any such setoff and application, provided that the failure
to give such notice shall not affect the validity of such setoff and application. Notwithstanding the provisions of this Section
11.08, if at any time any Lender, the L/C Issuer or any of their respective Affiliates maintains one or more deposit accounts
for the Borrower or any other Loan Party into which Medicare and/or Medicaid receivables are deposited, such Person shall waive
the right of setoff set forth herein.

 

11.09
Interest Rate Limitation.

 

Notwithstanding
anything to the contrary contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents shall
not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If the
Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall
be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower. In determining whether
the interest contracted for, charged, or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person
may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee, or premium
rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread
in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder.

 

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11.10
Counterparts; Integration; Effectiveness.

 

This
Agreement and each of the other Loan Documents may be executed in counterparts (and by different parties hereto in different counterparts),
each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement,
the other Loan Documents and any separate letter agreements with respect to fees payable to the Administrative Agent or the L/C
Issuer constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous
agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided in Section 4.01,
this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative
Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto.
Delivery of an executed counterpart of a signature page of this Agreement or any other Loan Document, or any certificate delivered
thereunder, by fax transmission or e-mail transmission (e.g., “pdf” or “tif”) shall be effective as delivery
of a manually executed counterpart of this Agreement or such other Loan Document or certificate. Without limiting the foregoing,
to the extent a manually executed counterpart is not specifically required to be delivered under the terms of any Loan Document,
upon the request of any party, such fax transmission or e-mail transmission shall be promptly followed by such manually executed
counterpart.

 

11.11
Survival of Representations and Warranties.

 

All
representations and warranties made hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto
or in connection herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties
have been or will be relied upon by the Administrative Agent and each Lender, regardless of any investigation made by the Administrative
Agent or any Lender or on their behalf and notwithstanding that the Administrative Agent or any Lender may have had notice or
knowledge of any Default at the time of any Credit Extension, and shall continue in full force and effect as long as any Loan
or any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding.

 

11.12
Severability.

 

If
any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable, (a) the legality,
validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or
impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable
provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable
provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision
in any other jurisdiction. Without limiting the foregoing provisions of this Section 11.12, if and to the extent that the
enforceability of any provisions in this Agreement relating to Defaulting Lenders shall be limited by Debtor Relief Laws, as determined
in good faith by the Administrative Agent, the L/C Issuer or the Swingline Lender, as applicable, then such provisions shall be
deemed to be in effect only to the extent not so limited.

 

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11.13
Replacement of Lenders.

 

If
the Borrower is entitled to replace a Lender pursuant to the provisions of Section 3.06, or if any Lender is a Defaulting
Lender or a Non-Consenting Lender, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative
Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained
in, and consents required by, Section 11.06), all of its interests, rights (other than its existing rights to payments
pursuant to Sections 3.01 and 3.04) and obligations under this Agreement and the related Loan Documents to an Eligible
Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment), provided
that:

 

(a)
the Borrower shall have paid or caused to be paid to the Administrative Agent the assignment fee (if any) specified in Section
11.06(b);

 

(b)
such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and L/C Advances, accrued
interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any
amounts under Section 3.05) from the assignee (to the extent of such outstanding principal and accrued interest and fees)
or the Borrower (in the case of all other amounts);

 

(c)
in the case of any such assignment resulting from a claim for compensation under Section 3.04 or payments required to be
made pursuant to Section 3.01, such assignment will result in a reduction in such compensation or payments thereafter;

 

(d)
such assignment does not conflict with applicable Laws; and

 

(e)
in the case of an assignment resulting from a Lender becoming a Non-Consenting Lender, the applicable assignee shall have consented
to the applicable amendment, waiver or consent.

 

A
Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender
or otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply.

 

Each
party hereto agrees that (a) an assignment required pursuant to this Section 11.13 may be effected pursuant to an Assignment
and Assumption executed by the Borrower, the Administrative Agent and the assignee and (b) the Lender required to make such assignment
need not be a party thereto in order for such assignment to be effective and shall be deemed to have consented to an be bound
by the terms thereof; provided that, following the effectiveness of any such assignment, the other parties to such assignment
agree to execute and deliver such documents necessary to evidence such assignment as reasonably requested by the applicable Lender,
provided, further that any such documents shall be without recourse to or warranty by the parties thereto.

 

Notwithstanding
anything in this Section to the contrary, (i) the Lender that acts as the L/C Issuer may not be replaced hereunder at any time
it has any Letter of Credit outstanding hereunder unless arrangements satisfactory to such Lender (including the furnishing of
a backstop standby letter of credit in form and substance, and issued by an issuer, reasonably satisfactory to such L/C Issuer
or the depositing of Cash Collateral into a Cash Collateral account in amounts and pursuant to arrangements reasonably satisfactory
to such L/C Issuer) have been made with respect to such outstanding Letter of Credit and (ii) the Lender that acts as the Administrative
Agent may not be replaced hereunder except in accordance with the terms of Section 9.06.

 

11.14
Governing Law; Jurisdiction; Etc.

 

(a)
GOVERNING LAW. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (EXCEPT, AS TO ANY OTHER LOAN DOCUMENT, AS EXPRESSLY SET FORTH
THEREIN) AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING
OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT (EXCEPT, AS TO ANY OTHER LOAN DOCUMENT, AS EXPRESSLY SET FORTH
THEREIN) AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW
OF THE STATE OF NEW YORK.

 

    	124

    	 

    

 

(b)
SUBMISSION TO JURISDICTION. EACH LOAN PARTY IRREVOCABLY AND UNCONDITIONALLY AGREES THAT IT WILL NOT COMMENCE ANY ACTION,
LITIGATION OR PROCEEDING OF ANY KIND OR DESCRIPTION, WHETHER IN LAW OR EQUITY, WHETHER IN CONTRACT OR IN TORT OR OTHERWISE, AGAINST
THE ADMINISTRATIVE AGENT, ANY LENDER, THE L/C ISSUER, OR ANY RELATED PARTY OF THE FOREGOING IN ANY WAY RELATING TO THIS AGREEMENT
OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS RELATING HERETO OR THERETO, IN ANY FORUM OTHER THAN THE COURTS OF THE STATE OF
NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE
COURT FROM ANY THEREOF, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF SUCH COURTS
AND AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION, LITIGATION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK
STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT
A FINAL JUDGMENT IN ANY SUCH ACTION, LITIGATION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY
SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT
ANY RIGHT THAT THE ADMINISTRATIVE AGENT, ANY LENDER OR THE L/C ISSUER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING
TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST ANY LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION.

 

(c)
WAIVER OF VENUE. EACH LOAN PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING
TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH (B) OF THIS SECTION. EACH OF THE PARTIES HERETO
HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE
OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT.

 

(d)
SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN
SECTION 11.02. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER
PERMITTED BY APPLICABLE LAW.

 

11.15
Waiver of Jury Trial.

 

EACH
PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY
JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR
THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES
THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON
WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES
HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS
AND CERTIFICATIONS IN THIS SECTION.

 

    	125

    	 

    

 

11.16
No Advisory or Fiduciary Responsibility.

 

In
connection with all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other
modification hereof or of any other Loan Document), each of the Loan Parties acknowledges and agrees, and acknowledges its Affiliates’
understanding, that: (i) (A) the arranging and other services regarding this Agreement provided by the Administrative Agent, the
Arrangers and the Lenders are arm’s-length commercial transactions between the Loan Parties and their respective Affiliates,
on the one hand, and the Administrative Agent, the Arrangers and the Lenders, on the other hand, (B) each of the Loan Parties
has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (C) each of
the Loan Parties is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated
hereby and by the other Loan Documents; (ii) (A) the Administrative Agent, the Arrangers and the Lenders each is and has been
acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will
not be acting as an advisor, agent or fiduciary for the Loan Parties or any of their respective Affiliates, or any other Person
and (B) neither the Administrative Agent, any Arranger nor any Lender has any obligation to the Loan Parties or any of their respective
Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the
other Loan Documents; and (iii) the Administrative Agent, the Arrangers, the Lenders and their respective Affiliates may be engaged
in a broad range of transactions that involve interests that differ from those of the Loan Parties and their respective Affiliates,
and neither the Administrative Agent, any Arranger nor any Lender has any obligation to disclose any of such interests to the
Loan Parties and their respective Affiliates. To the fullest extent permitted by Law, each of the Loan Parties hereby waives and
releases any claims that it may have against the Administrative Agent, any Arranger, or any Lender with respect to any breach
or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby.

 

11.17
Electronic Execution of Assignments and Certain Other Documents.

 

The
words “execute,” “execution,” “signed,” “signature,” and words of like import
in any Loan Document or any other document to be signed in connection with this Agreement, any other document executed in connection
herewith and the transactions contemplated hereby shall be deemed to include electronic signatures, the electronic matching of
assignment terms and contract formations on electronic platforms approved by the Administrative Agent, or the keeping of records
in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature,
physical delivery or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any
applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic
Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act; provided
that notwithstanding anything contained herein to the contrary the Administrative Agent is under no obligation to agree to accept
electronic signatures in any form or in any format unless expressly agreed to by the Administrative Agent pursuant to procedures
approved by it; provided further without limiting the foregoing, upon the request of the Administrative Agent, any electronic
signature shall be promptly followed by such manually executed counterpart.

 

    	126

    	 

    

 

11.18
USA PATRIOT Act Notice; Beneficial Ownership.

 

Each
Lender that is subject to the Act (as hereinafter defined) and the Administrative Agent (for itself and not on behalf of any Lender)
hereby notifies the Loan Parties that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed
into law October 26, 2001)) (the “Act”), it is required to obtain, verify and record information that identifies the
Loan Parties, which information includes the name and address of the Loan Parties and other information that will allow such Lender
or the Administrative Agent, as applicable, to identify the Loan Parties in accordance with the Act. The Loan Parties shall, promptly
following a request by the Administrative Agent or any Lender, provide all documentation and other information that the Administrative
Agent or such Lender requests in order to comply with its ongoing obligations under applicable “know your customer”
and anti-money laundering rules and regulations, including the Act and the Beneficial Ownership Regulation.

 

11.19
Subordination of Intercompany Indebtedness.

 

Each
Loan Party (a “Subordinating Loan Party”) agrees that the payment of all obligations and indebtedness, whether
principal, interest, fees and other amounts and whether now owing or hereafter arising, owing to such Subordinating Loan Party
by any other Loan Party is expressly subordinated to the payment in full in cash of the Obligations. If the Administrative Agent
so requests, any such obligation or indebtedness shall be enforced and performance received by the Subordinating Loan Party as
trustee for the holders of the Obligations and the proceeds thereof shall be paid over to the holders of the Obligations on account
of the Obligations, but without reducing or affecting in any manner the liability of the Subordinating Loan Party under this Agreement
or any other Loan Document. Without limitation of the foregoing, so long as no Default has occurred and is continuing, the Loan
Parties may make and receive payments with respect to any such obligations and indebtedness, provided, that in the event
that any Loan Party receives any payment of any such obligations and indebtedness at a time when such payment is prohibited by
this Section, such payment shall be held by such Loan Party, in trust for the benefit of, and shall be paid forthwith over and
delivered, upon written request, to the Administrative Agent.

 

11.20
Acknowledgement and Consent to Bail-In of EEA Financial Institutions.

 

Solely
to the extent any Lender or L/C Issuer that is an EEA Financial Institution is a party to this Agreement and notwithstanding anything
to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party
hereto acknowledges that any liability of any Lender or L/C Issuer that is an EEA Financial Institution arising under any Loan
Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEA Resolution
Authority and agrees and consents to, and acknowledges and agrees to be bound by:

 

(a)
the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder
which may be payable to it by any Lender or L/C Issuer that is an EEA Financial Institution; and

 

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

 

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

 

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

 

    	127

    	 

    

 

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

 

11.21
Acknowledgment Regarding any Supported QFCs.

 

To
the extent that the Loan Documents provide support, through a guarantee or otherwise, for any Hedge Transaction or any other agreement
or instrument that is a QFC (such support, “QFC Credit Support”, and each such QFC, a “Supported QFC”),
the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation
under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together
with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported
QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC
may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the
United States):

 

(a)
In the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject to
a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support
(and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing
such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would
be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest,
obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event
a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime,
Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be
exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised
under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States
or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of
the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported
QFC or any QFC Credit Support.

 

(b)
As used in this Section 11.21, the following terms have the following meanings:

 

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

 

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

 

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

 

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

 

11.22
Release of Liens, Etc.

 

In
each case as specified in Section 9.10, the Administrative Agent will, at the Borrower’s expense, execute and deliver
to the applicable Loan Party such documents as such Loan Party may reasonably request to evidence the release of such item of
Collateral from the assignment and security interest granted under the Collateral Documents or to subordinate its interest in
such item, or to release such Guarantor from its obligations under the Guaranty, in each case in accordance with the terms of
the Loan Documents.

 

[SIGNATURE
PAGES FOLLOW]

 

    	128

    	 

    

 

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

 

	BORROWER:	HEALTH PLAN INTERMEDIARIES HOLDINGS, LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By: Health Insurance Innovations, Inc., 
	 	a Delaware corporation, Managing Member
	 	 	 
	 	By:	/s/
    Gavin D. Southwell           
	 	Name: 	Gavin
    D. Southwell
	 	Title:	President
    and Chief Executive Officer

 

	GUARANTORS:	HEALTH INSURANCE INNOVATIONS, INC.,
	 	a Delaware corporation
	 	 	 
	 	By:	/s/
Gavin D. Southwell
	 	Name: 	Gavin
    D. Southwell
	 	Title:	President
    and Chief Executive Officer

 

	 	INSURANCE CENTER FOR EXCELLENCE, LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By: Health Plan Intermediaries Holdings, LLC, 
	 	a Delaware limited liability company, Sole Member
	 	 	 
	 	By: Health Insurance Innovations, Inc., 
	 	a Delaware corporation, Managing Member
	 	 	 
	 	By:	/s/
Gavin D. Southwell
	 	Name: 	Gavin
                                         D. Southwell

	 	Title:	President
    and Chief Executive Officer

 

	 	SECURED SOFTWARE SOLUTIONS LLC,
	 	a Florida limited liability company
	 	 	 
	 	By: Health Plan Intermediaries Holdings, LLC, 
	 	a Delaware limited liability company, Sole Member
	 	 
	 	By: Health Insurance Innovations, Inc., 
	 	a Delaware corporation, Managing Member
	 	 	 
	 	By:	/s/
Gavin D. Southwell
	 	Name: 	Gavin
    D. Southwell
	 	Title:	President
    and Chief Executive Officer

 

    	129

    	 

    

 

	 	SUNRISE HEALTH PLANS, LLC,
	 	a Florida limited liability company
	 	 	 
	 	By: Health Plan Intermediaries Holdings, LLC, 
	 	a Delaware limited liability company, Sole Member
	 	 	 
	 	By: Health Insurance Innovations, Inc., 
	 	a Delaware corporation, Managing Member
	 	 	 
	 	By:	/s/
    Gavin D. Southwell
	 	Name: 	Gavin
    D. Southwell
	 	Title:	President
    and Chief Executive Officer

 

	 	SUNRISE GROUP MARKETING LLC,
	 	a Florida limited liability company
	 	 
	 	By: Health Plan Intermediaries Holdings, LLC, 
	 	a Delaware limited liability company, Sole Member
	 	 
	 	By: Health Insurance Innovations, Inc., 
	 	a Delaware corporation, Managing Member
	 	 	 
	 	By:	/s/
    Gavin D. Southwell
	 	Name: 	Gavin D. Southwell

	 	Title:	President
    and Chief Executive Officer

 

	 	HEALTHPOCKET, INC.,
	 	a Delaware corporation
	 	 	 
	 	By:	/s/
    Gavin D. Southwell    
	 	Name: 	Gavin D. Southwell

	 	Title:	President
    and Chief Executive Officer

 

	 	AMERICAN SERVICE INSURANCE AGENCY, LLC,
	 	a Texas limited liability company
	 	 	 
	 	By: Health Plan Intermediaries Holdings, LLC, 
	 	a Delaware limited liability company, Sole Member
	 	 	 
	 	By: Health Insurance Innovations, Inc., 
	 	a Delaware corporation, Managing Member
	 	 	 
	 	By:	/s/
    Gavin D. Southwell
	 	Name: 	Gavin
    D. Southwell
	 	Title:	President
    and Chief Executive Officer

 

    	130

    	 

    

 

	 	BIMSYM-HPIH, LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By: Health Plan Intermediaries Holdings, LLC, 
	 	a Delaware limited liability company, Manager
	 	 	 
	 	By: Health Insurance Innovations, Inc., 
	 	a Delaware corporation, Managing Member
	 	 	 
	 	By:	/s/
    Gavin D. Southwell
	 	Name: 	Gavin
    D. Southwell
	 	Title:	President
    and Chief Executive Officer

 

	 	HEALTH INSURANCE INNOVATIONS HOLDINGS, INC., a Delaware corporation
	 	 	 
	 	By:	/s/
    Gavin D. Southwell
	 	Name: 	Gavin
    D. Southwell
	 	Title:	President
    and Chief Executive Officer

 

    	131

    	 

    

 

	ADMINISTRATIVE	 	 
	AGENT:	BANK OF AMERICA, N.A.,
		
	 	as Administrative Agent
	 	 	 
	 	By:	/s/
    Erik M. Truette
	 	Name: 	Erik
    M. Truette
	 	Title:	Vice
    President

 

	LENDERS:	BANK OF AMERICA, N.A.,
	 	as a Lender, L/C Issuer and Swingline Lender
	 	 	 
	 	By:	/s/
    Heath B. Lipson
	 	Name: 	Heath
    B. Lipson
	 	Title:	Senior
    Vice President
	 	 	 
	 	SUNTRUST
                                         BANK,

	 	as a Lender
	 	 	 
	 	By:	/s/
    Jonathan Hart
	 	Name:	Jonathan
    Hart
	 	Title:	Vice
    President

 

	 	ROYAL
                                         BANK OF CANADA,

        as
        a Lender

	 	 	 
	 	By:	/s/
    Steven Bachman
	 	Name:	Steven
    Bachman
	 	Title:	Authorized
    Signatory
	 	 	 
	 	TD
                                         BANK, N.A.,

        as
        a Lender

	 	 	 
	 	By:	/s/
    James G. Hanning
	 	Name:	 James
    G. Hanning
	 	Title:	Director
	 	 	 
	 	SYNOVUS
                                         BANK,

        as
        a Lender

	 	 	 
	 	By:	/s/
    Anne Lovette
	 	Name:	Anne
    Lovette
	 	Title:	Senior
    Director
	 	 	 
	 	WOODFOREST
                                         NATIONAL BANK,

        as
        a Lender

	 	 	 
	 	By:	/s/
    Thomas Angley
	 	Name:	Thomas
    Angley
	 	Title:	 Vice
    President
	 	 	 
	 	HANCOCK
                                         WHITNEY BANK,

        as
        a Lender

	 	 	 
	 	By:	/s/
    Joshua N. Livingston
	 	Name:	Joshua
    N. Livingston
	 	Title:	Duly
    Authorized Signatory
	 	 	 
	 	TRUSTMARK
                                         NATIONAL BANK,

        as
        a Lender

	 	 	 
	 	By:	/s/
    Robert F. Diehl, Jr.
	 	Name:	Robert
    F. Diehl, Jr.
	 	Title:	Executive Vice
    President

  

    	132

    	 

    

 

Exhibit
1.01

 

FORM
OF SECURED PARTY DESIGNATION NOTICE

 

	TO:	Bank
    of America, N.A., as Administrative Agent
	 	 
	RE:	Credit
    Agreement, dated as of June 5, 2019 (as amended, restated, extended, supplemented or otherwise modified in writing from time
    to time, the “Credit Agreement;” the terms defined therein being used herein as therein defined), among
    Health Plan Intermediaries Holdings, LLC, a Delaware limited liability company (the “Borrower”), the Guarantors
    party thereto, the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent
	 	 
	DATE:	[Date]

 

 

[Name
of Cash Management Bank/Hedge Bank] (the “Secured Party”) hereby notifies you, pursuant to the terms of
the Credit Agreement, that the Secured Party meets the requirements of a [Cash Management Bank][Hedge Bank] under the terms
of the Credit Agreement and is a [Cash Management Bank][Hedge Bank] under the Credit Agreement and the other Loan Documents.
The Secured Party hereby designates the [Cash Management Agreement][Hedging Transaction] described on Schedule 1 hereto
as a [Secured Cash Management Agreement][Secured Hedge Agreement].

 

Delivery
of an executed counterpart of a signature page of this notice by fax transmission or other electronic mail transmission (e.g.
“pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this notice.

 

A
duly authorized officer of the undersigned has executed this notice as of the day and year set forth above.

 

	 	_______________________________________,
	 	as
    a [Cash Management Bank] [Hedge Bank]
	 	
	 	By:	                                                                       
	 	Name:	 
	 	Title:	 

 

    	 

    	 

    

 

Schedule
1

 

To
Secured Party Designation Notice

 

    	 

    	 

    

 

Exhibit
2.02

 

FORM
OF LOAN NOTICE

 

Date:
___________, _____

 

	To:	Bank
    of America, N.A., as Administrative Agent

 

Ladies
and Gentlemen:

 

Reference
is made to that certain Credit Agreement, dated as of June 5, 2019 (as amended, restated, extended, supplemented or otherwise
modified in writing from time to time, the “Credit Agreement;” the terms defined therein being used herein
as therein defined), among Health Plan Intermediaries Holdings, LLC, a Delaware limited liability company (the “Borrower”),
the Guarantors party thereto, the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent.

 

The
undersigned hereby requests (select one):

 

	 	[  ]	A
    Borrowing of [Revolving][Term] Loans
	 	 	 
	 	[  ]	A
    conversion or continuation of [Revolving][Term] Loans

 

	 	1.	On
    ______________ (a Business Day).
	 	 	 
	 	2.	In
    the amount of $______________.
	 	 	 
	 	3.	Comprised
    of ______________.
	 	 	[Type
    of Loan requested]
	 	 	 
	 	4.	For
    Eurodollar Rate Loans: with an Interest Period of ___ months.

 

[With
respect to such Borrowing, the Borrower hereby represents and warrants that (i) such request complies with the requirements of
Section 2.01 of the Credit Agreement and (ii) each of the conditions set forth in Section 4.02 of the Credit Agreement
shall be satisfied on and as of the date of such Borrowing.]1

 

Delivery
of an executed counterpart of a signature page of this notice by fax transmission or e-mail transmission (e.g. “pdf”
or “tif”) shall be effective as delivery of a manually executed counterpart of this notice.

 

[signature
page follows]

 

 

1
Include for Borrowings.

 

    	 

    	 

    

 

	 	HEALTH PLAN INTERMEDIARIES HOLDINGS, LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By:	Health
    Insurance Innovations, Inc.,
	 	 	a
    Delaware corporation, Managing Member
	 	 	 
	 	By:	
	 	Name:	 
	 	Title:	 

 

    	 

    	 

    

 

Exhibit
2.04

 

FORM
OF SWINGLINE LOAN NOTICE

 

Date:
__________, 20__

 

	To:	Bank
    of America, N.A., as Swingline Lender
	 	 
	Cc:	Bank
    of America, N.A., as Administrative Agent
	 	 
	Re:	Credit
    Agreement (as amended, modified, supplemented and extended from time to time, the “Credit Agreement”) dated
    as of June 5, 2019 among Health Plan Intermediaries Holdings, LLC, a Delaware limited liability company (the “Borrower”),
    the Guarantors party thereto, the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent.
    Capitalized terms used but not otherwise defined herein have the meanings provided in the Credit Agreement.

 

Ladies
and Gentlemen:

 

The
undersigned hereby requests a Swingline Loan:

 

	1.	On
    __________, 20__ (a Business Day).
	 	 
	2.	In
    the amount of $__________.

 

With
respect to such Borrowing of Swingline Loans, the Borrower hereby represents and warrants that (i) such request complies with
the requirements of the first proviso to the first sentence of Section 2.04(a) of the Credit Agreement and (ii) each of
the conditions set forth in Section 4.02 of the Credit Agreement shall be satisfied on and as of the date of such Borrowing
of Swingline Loans.

 

Delivery
of an executed counterpart of a signature page of this notice by fax transmission or e-mail transmission (e.g. “pdf”
or “tif”) shall be effective as delivery of a manually executed counterpart of this notice.

 

[signature
page follows]

 

    	 

    	 

    

 

	 	HEALTH PLAN INTERMEDIARIES HOLDINGS, LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By:	Health
    Insurance Innovations, Inc.,
	 	 	a
    Delaware corporation, Managing Member
	 	 	 
	 	By:	
	 	Name:	 
	 	Title:	 

 

    	 

    	 

    

 

Exhibit
2.05

 

FORM
OF Notice of Loan Prepayment

 

	TO:	Bank
    of America, N.A., as [Administrative Agent][Swingline Lender]
	 	 
	RE:	Credit
    Agreement, dated as of June 5, 2019 by and among Health Plan Intermediaries Holdings, LLC, a Delaware limited liability company
    (the “Borrower”), the Guarantors party thereto, the Lenders from time to time party thereto, and Bank of
    America, N.A., as Administrative Agent (as amended, modified, extended, restated, replaced, or supplemented from time to time,
    the “Credit Agreement”; capitalized terms used herein and not otherwise defined shall have the meanings
    set forth in the Credit Agreement)
	 	 
	DATE:	[Date]

 

 

The
Borrower hereby notifies the Administrative Agent that on _____________2 pursuant to the terms of Section
2.05 of the Credit Agreement, the Borrower intends to prepay/repay the following Loans as more specifically set forth below:

 

[  ]
Optional prepayment of [Revolving][Term Loans] in the following amount(s):

 

[  ]
Eurodollar Rate Loans: $_________________3

Applicable
Interest Period:_________________

 

[  ]
Base Rate Loans: $_____________4

 

[  ]
Optional prepayment of Swingline Loans in the following amount:

$_________________5

 

Delivery
of an executed counterpart of a signature page of this notice by fax transmission or e-mail transmission (e.g. “pdf”
or “tif”) shall be effective as delivery of a manually executed counterpart of this notice.

 

[signature
page follows]

 

 

2
Specify date of such prepayment.

 

3
Any prepayment of Eurodollar Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in
excess thereof (or if less, the entire principal amount thereof outstanding).

 

4
Any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof
(or if less, the entire principal amount thereof outstanding).

 

5
Any prepayment of Swingline Loans shall be in a principal amount of $100,000 or a whole multiple of $100,000 in excess thereof
(or if less, the entire principal amount thereof outstanding).

 

    	 

    	 

    

 

	 	HEALTH PLAN INTERMEDIARIES HOLDINGS, LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By:	Health
    Insurance Innovations, Inc.,
	 	 	a
    Delaware corporation, Managing Member
	 	 	 
	 	By:	
	 	Name:	 
	 	Title:	 

 

    	 

    	 

    

 

Exhibit
2.11(a)

 

FORM
OF NOTE

 

____________,
20__

 

FOR
VALUE RECEIVED, the undersigned (the “Borrower”), hereby promises to pay to _____________________ or its registered
assigns (the “Lender”), in accordance with the provisions of the Credit Agreement (as hereinafter defined),
the principal amount of each Loan from time to time made by the Lender to the Borrower under that certain Credit Agreement, dated
as of June 5, 2019 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit
Agreement;” the terms defined therein being used herein as therein defined), among the Borrower, the Guarantors party
thereto, the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent.

 

The
Borrower promises to pay interest on the unpaid principal amount of each Loan from the date of such Loan until such principal
amount is paid in full, at such interest rates and at such times as provided in the Credit Agreement. Except as otherwise provided
in Section 2.04(f) of the Credit Agreement with respect to Swingline Loans, all payments of principal and interest shall
be made to the Administrative Agent for the account of the Lender in Dollars in immediately available funds at the Administrative
Agent’s Office. If any amount is not paid in full when due hereunder, such unpaid amount shall bear interest, to be paid
upon demand, from the due date thereof until the date of actual payment (and before as well as after judgment) computed at the
per annum rate set forth in the Credit Agreement.

 

This
Note is one of the Notes referred to in the Credit Agreement, is entitled to the benefits thereof and may be prepaid in whole
or in part subject to the terms and conditions provided therein. Upon the occurrence and continuation of one or more of the Events
of Default specified in the Credit Agreement, all amounts then remaining unpaid on this Note shall become, or may be declared
to be, immediately due and payable all as provided in the Credit Agreement. Loans made by the Lender shall be evidenced by one
or more loan accounts or records maintained by the Lender in the ordinary course of business. The Lender may also attach schedules
to this Note and endorse thereon the date, amount and maturity of its Loans and payments with respect thereto.

 

The
Borrower, for itself, its successors and assigns, hereby waives diligence, presentment, protest and demand and notice of protest,
demand, dishonor and non-payment of this Note.

 

Delivery
of an executed counterpart of a signature page of this Note by fax transmission or e-mail transmission (e.g. “pdf”
or “tif”) shall be effective as delivery of a manually executed counterpart of this Note.

 

THIS
NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

 

[Florida
Documentary Stamp Tax required by law in the amount of [$____] has been paid or will be paid directly to the Department of Revenue,
Certificate of Registration #58-0466330.]

 

[signature
page follows]

 

    	 

    	 

    

 

IN
WITNESS WHEREOF, the Borrower has caused this Note to be duly executed by its duly authorized officer as of the day and year first
above written.

 

	 	HEALTH PLAN INTERMEDIARIES HOLDINGS, LLC,
	 	a Delaware limited liability company
	 	 	 
	 	By:	Health
    Insurance Innovations, Inc.,
	 	 	a
    Delaware corporation, Managing Member
	 	 	 
	 	By:	
	 	Name:	 
	 	Title:	 

 

    	 

    	 

    

 

Exhibit
3.01-A

 

FORM
OF

U.S.
TAX COMPLIANCE CERTIFICATE

 

(For
Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes)

 

Reference
is hereby made to the Credit Agreement dated as of June 5, 2019 (as amended, supplemented or otherwise modified from time to time,
the “Credit Agreement”), among Health Plan Intermediaries Holdings, LLC, a Delaware limited liability company
(the “Borrower”), the Guarantors party thereto, the Lenders from time to time party thereto, and Bank of America,
N.A., as Administrative Agent.

 

Pursuant
to the provisions of Section 3.01(e) of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole
record and beneficial owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing
this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, (iii) it is not
a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Internal Revenue Code and (iv) it
is not a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Internal Revenue Code.

 

The
undersigned has furnished the Administrative Agent and the Borrower with a certificate of its non-U.S. Person status on IRS Form
W-8BEN (or W-8BEN-E, as applicable). By executing this certificate, the undersigned agrees that (1) if the information provided
on this certificate changes, the undersigned shall promptly so inform the Borrower and the Administrative Agent, and (2) the undersigned
shall have at all times furnished the Borrower and the Administrative Agent with a properly completed and currently effective
certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar
years preceding such payments.

 

Unless
otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit
Agreement.

 

[NAME
OF LENDER]

 

	By:	 	 
	Name:	 	 
	Title:	 	 

 

Date:____________,
20___

 

    	 

    	 

    

 

Exhibit
3.01-B

 

FORM
OF

U.S.
TAX COMPLIANCE CERTIFICATE

 

(For
Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes)

 

Reference
is hereby made to the Credit Agreement dated as of June 5, 2019 (as amended, supplemented or otherwise modified from time to time,
the “Credit Agreement”), among Health Plan Intermediaries Holdings, LLC, a Delaware limited liability company
(the “Borrower”), the Guarantors party thereto, the Lenders from time to time party thereto, and Bank of America,
N.A., as Administrative Agent.

 

Pursuant
to the provisions of Section 3.01(e) of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole
record and beneficial owner of the participation in respect of which it is providing this certificate, (ii) it is not a bank within
the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, (iii) it is not a ten percent shareholder of the Borrower within
the meaning of Section 871(h)(3)(B) of the Internal Revenue Code, and (iv) it is not a controlled foreign corporation related
to the Borrower as described in Section 881(c)(3)(C) of the Internal Revenue Code.

 

The
undersigned has furnished its participating Lender with a certificate of its non-U.S. Person status on IRS Form W-8BEN (or W-8BEN-E,
as applicable). By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate
changes, the undersigned shall promptly so inform such Lender in writing, and (2) the undersigned shall have at all times furnished
such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is
to be made to the undersigned, or in either of the two calendar years preceding such payments.

 

Unless
otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit
Agreement.

 

[NAME
OF PARTICIPANT]

 

	By:	 	 
	Name:	 	 
	Title:	 	 

 

Date:____________,
20___

 

    	 

    	 

    

 

Exhibit
3.01-C

 

FORM
OF

U.S.
TAX COMPLIANCE CERTIFICATE

 

(For
Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes)

 

Reference
is hereby made to the Credit Agreement dated as of June 5, 2019 (as amended, supplemented or otherwise modified from time to time,
the “Credit Agreement”), among Health Plan Intermediaries Holdings, LLC, a Delaware limited liability company
(the “Borrower”), the Guarantors party thereto, the Lenders from time to time party thereto, and Bank of America,
N.A., as Administrative Agent.

 

Pursuant
to the provisions of Section 3.01(e) of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole
record owner of the participation in respect of which it is providing this certificate, (ii) its direct or indirect partners/members
are the sole beneficial owners of such participation, (iii) with respect to such participation, neither the undersigned nor any
of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary
course of its trade or business within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, (iv) none of its direct
or indirect partners/members is a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Internal
Revenue Code and (v) none of its direct or indirect partners/members is a controlled foreign corporation related to the Borrower
as described in Section 881(c)(3)(C) of the Internal Revenue Code.

 

The
undersigned has furnished its participating Lender with IRS Form W-8IMY accompanied by one of the following forms from each of
its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN (or W-8BEN-E, as applicable) or
(ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN (or W-8BEN-E, as applicable) from each of such partner’s/member’s
beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that
(1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender and (2) the
undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either
the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such
payments.

 

Unless
otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit
Agreement.

 

[NAME
OF PARTICIPANT]

 

	By:	 	 
	Name:	 	 
	Title:	 	 

 

Date:____________,
20___

 

    	 

    	 

    

 

Exhibit
3.01-D

 

FORM
OF

U.S.
TAX COMPLIANCE CERTIFICATE

 

(For
Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes)

 

Reference
is hereby made to the Credit Agreement dated as of June 5, 2019 (as amended, supplemented or otherwise modified from time to time,
the “Credit Agreement”), among Health Plan Intermediaries Holdings, LLC, a Delaware limited liability company
(the “Borrower”), the Guarantors party thereto, the Lenders from time to time party thereto, and Bank of America,
N.A., as Administrative Agent.

 

Pursuant
to the provisions of Section 3.01(e) of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole
record owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate,
(ii) its direct or indirect partners/members are the sole beneficial owners of such Loan(s) (as well as any Note(s) evidencing
such Loan(s)), (iii) with respect to the extension of credit pursuant to this Credit Agreement or any other Loan Document, neither
the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered
into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code,
(iv) none of its direct or indirect partners/members is a ten percent shareholder of the Borrower within the meaning of Section
871(h)(3)(B) of the Internal Revenue Code and (v) none of its direct or indirect partners/members is a controlled foreign corporation
related to the Borrower as described in Section 881(c)(3)(C) of the Internal Revenue Code.

 

The
undersigned has furnished the Administrative Agent and the Borrower with IRS Form W-8IMY accompanied by one of the following forms
from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN (or W-8BEN-E, as applicable)
or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN (or W-8BEN-E, as applicable) from each of such partner’s/member’s
beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that
(1) if the information provided on this certificate changes, the undersigned shall promptly so inform the Borrower and the Administrative
Agent, and (2) the undersigned shall have at all times furnished the Borrower and the Administrative Agent with a properly completed
and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in
either of the two calendar years preceding such payments.

 

Unless
otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit
Agreement.

 

[NAME
OF LENDER]

 

	By:	 	 
	Name:	 	 
	Title:	 	 

 

Date:____________,
20___

 

    	 

    	 

    

 

Exhibit
6.01

 

FORM
OF COMPLIANCE CERTIFICATE

 

	 	[  ]	Check
    for distribution to public and private side Lenders

 

For
the Fiscal [Quarter][Year] ended _________________, 20___.

 

I,
______________________, [Title] of Health Insurance Innovations, Inc., a Delaware corporation (the “Parent”)
hereby certify as of the end of the above Fiscal [Quarter][Year] that, on behalf of the Parent and solely in my capacity as [Title],
to the best of my knowledge and belief, with respect to that certain Credit Agreement dated as of June 5, 2019 (as amended, modified,
restated or supplemented from time to time, the “Credit Agreement”; all of the defined terms in the Credit
Agreement are incorporated herein by reference) among Health Plan Intermediaries Holdings, LLC, a Delaware limited liability company
(the “Borrower”), the Parent, the other Guarantors party thereto, the Lenders from time to time party thereto,
and Bank of America, N.A., as Administrative Agent:

 

[Use
following paragraph (a) for fiscal year-end financial statements and attach Parent’s most recent Annual Report on Form 10-K
on file with the SEC]

 

	 	(a)	Attached
    hereto as Schedule 1 are the annual audited financial statements required by Section 6.01(a) of the Credit Agreement
    for the fiscal year of the Parent and its Subsidiaries ended as of the above Fiscal Year, together with the report and opinion
    of an independent certified public accountant required by such section.

 

[Use
following paragraph (a) for fiscal quarter-end financial statements and attach Parent’s most recent Quarterly Report on
Form 10-Q on file with the SEC]

 

	 	(a)	Attached
    hereto as Schedule 1 are the unaudited financial statements required by Section 6.01(b) of the Credit Agreement
    for the fiscal quarter of the Parent ended as of the above Fiscal Quarter.  Such consolidated financial statements
    fairly present the financial condition, results of operations, stockholders’ equity and cash flows of the Parent and
    its Subsidiaries in accordance with GAAP as at such date and for such period and the then elapsed portion of such Fiscal Year,
    setting forth in each case in comparative form the figures for the corresponding Fiscal Quarter and the corresponding portion
    of Parent’s previous Fiscal Year, subject only to normal year-end audit adjustments and the absence of footnotes.
	 	 	 
	 	(b)	As
    of the end of the above Fiscal [Quarter][Year], no Default or Event of Default exists; [If a Default or Event of Default
    exists then specify the details thereof and the action which the Loan Parties have taken or propose to take].
	 	 	 
	 	(c)	Set
    forth on Schedule 2 are reasonably detailed calculations demonstrating compliance with the financial covenants contained
    in Section 7.20 of the Credit Agreement as of the end of the above Fiscal [Quarter][Year].

 

    	 

    	 

    

 

	 	(d)	As
    of the end of the above Fiscal [Quarter][Year], all representations and warranties of each Loan Party set forth in the Loan
    Documents are true and correct in all material respects (other than those representations and warranties that are expressly
    qualified by concepts of materiality or a Material Adverse Effect, in which case such representations and warranties are true
    and correct in all respects), except to the extent that such representations and warranties specifically refer to an earlier
    date, in which case they are true and correct in all material respects as of such earlier date (other than those representations
    and warranties that are expressly qualified by concepts of materiality or a Material Adverse Effect, in which case such representations
    and warranties are true and correct in all respects as of such earlier date).
	 	 	 
	 	(e)	There
    has been [no][a] change in GAAP since December 31, 2018 that has not been disclosed in a previous Compliance Certificate.
    [If any change in GAAP has occurred that has not been disclosed in a previous Compliance Certificate, please specify the
    effect of such change on the financial statements accompanying this certificate or, if the effect of such change is described
    therein, reference such statement in the attached as applicable, Annual Report on Form 10-K or Quarterly Report on Form 10-Q
    of the Parent filed with the SEC].
	 	 	 
	 	(f)	There
    has been [no][a] change in the identity of the Subsidiaries as of the end of the aforementioned Fiscal [Quarter][Year] from
    the Subsidiaries identified to the Administrative Agent and the Lenders [on the Closing Date][as of the most recently delivered
    Compliance Certificate]. [If any change in the identity of the Subsidiaries has occurred, please specify the details thereof].
	 	 	 
	 	(g)	Set
    forth on Schedule 3 are Investments made by any Loan Party or Subsidiary (other than any Insurance Subsidiary) in the
    Insurance Subsidiaries that are eliminated upon consolidation in accordance with GAAP. 

 

Delivery
of an executed counterpart of a signature page of this certificate by fax transmission or e-mail transmission (e.g. “pdf”
or “tif”) shall be effective as delivery of a manually executed counterpart of this certificate.

 

[signature
page follows]

 

    	 

    	 

    

 

This
______ day of ___________, 20__.

 

	 	Health Insurance Innovations, Inc.,
	 	a Delaware corporation
	 	 	 
	 	By:	                                  
	 	Name:	 
	 	Title:	 

 

    	 

    	 

    

 

SCHEDULE
1

to
the Compliance Certificate

 

[Include
[year-end audited][fiscal quarter-end unaudited] financial statements]

 

    	 

    	 

    

 

SCHEDULE
2

to
the Compliance Certificate

 

Computation
of Financial Covenants

 

For
the Fiscal [Quarter][Year] ending _______________

 

Capitalized
terms used but not defined herein have the meanings set forth in the Credit Agreement. In the event of conflict between the provisions
and formulas set forth herein and the provisions and formulas set forth in the Credit Agreement, the provisions and formulas of
the Credit Agreement shall prevail.

 

	1.	Consolidated
    Total Leverage Ratio

 

	 	(a)	Consolidated
    Total Debt as of such date:	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	(i)	all
    Indebtedness of the Parent and its Subsidiaries (other than the Insurance Subsidiaries) measured on a consolidated basis as
    of such date, but excluding the Hedge Termination Value of all Hedging Obligations:	 	$		 
	 	 	 	 	 	 	 	 	 
	 	(b)	Consolidated
    EBITDA for the most recently completed four fiscal quarters:	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	(i)	Consolidated
    Net Income for such period	 	$	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	The
    following clauses (ii) through (ix) (without duplication) to the extent deducted in calculating such Consolidated
    Net Income:	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	(ii)	Consolidated
    Interest Expense for such period	 	$	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	(iii)	income
    tax expense for such period	 	$	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	(iv)	depreciation
    and amortization for such period	 	$	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	(v)	non-cash
    charges, expenses or losses (including,  without limitation, non-cash costs and/or expenses incurred  pursuant to
    any management equity plan, stock option plan  or any other stock subscription or shareholder agreement and  any
    loss resulting from a mark to market adjustment of an earn out obligation but excluding (A) any regular operating  non-cash
    charge, loss or expense that is an accrual of a reserve  for a cash expense or payment to be made, or anticipated to
     be made, in a future period and (B) any expenses or charges  related to accounts receivable)	 	$	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	(vi)	reasonable
    and documented costs, fees and expenses incurred 	 	 	 	 
	 	 	 	 	on
    or before the date that is ninety (90) days after the Closing 	 	 	 	 
	 	 	 	 	Date
    in connection with the negotiation, execution and delivery 	 	 	 	 
	 	 	 	 	of
    the Credit Agreement and the other Loan Documents	 	$	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	(vii)	liability
    adjustments (or minus gains) under the Tax Receivable Agreement	 	$	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	(viii)	reasonable
    and documented out-of-pocket fees and expenses incurred in connection with (A) Acquisitions (whether consummated
    or not, but excluding the Closing Date Acquisitions) and any attempted or consummated sale, issuance or disposition of
    Capital     Stock or Investments permitted under the Credit Agreement, including secondary offerings of Class B Shares (as
    defined in     the Exchange Agreement) and (B) one-time regulatory fines or penalties, restructuring, severance and headcount
    reductions;     provided, that the aggregate amount of all such fees and expenses with respect to the items described
    in this clause     (viii) shall not exceed twenty-five percent (25.0%) of Consolidated EBITDA for the period of four
    (4) Fiscal Quarters     most recently ended (determined prior to giving effect to such add-backs)	 	$		 
	 	 	 	 	 	 	 	 	 
	 	 	 	(ix)	reasonable
    and documented out-of-pocket fees and expenses incurred in connection with the Closing Date Acquisitions in an aggregate amount
    not to exceed $5,000,000 during the term of this Agreement	 	$		 
	 	 	 	 	 	 	 	 	 
	 	 	 	(x)	other
    cash charges acceptable to the Administrative Agent	 	$	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	(xi)	to
    the extent included in calculating Consolidated Net Income, any non-cash income or gains for such period (including, without
    limitation, any gain resulting from a mark to market adjustment of an earn out obligation)	 	$		 
	 	 	 	 	 	 	 	 	 
	 	 	 	(xii)	Consolidated
    EBITDA:	 	 	 	 
	 	 	 	 	1.(b)(i)
    + 1.(b)(ii) +1.(b)(iii) + 1.(b)(iv) + 1.(b)(v)

    + 1.(b)(vi) + 1.(b)(vii) + 1.(b)(viii) + 1.b.(ix) + 1.(b)(x) – 1.b.(xi):	 	$		 

 

	 	(c)	Consolidated
    Total Leverage Ratio	 	 
	 	 	 	1.(a)(i)
    / 1.(b)(xii)	____.___
    to 1.00	
	 	 	 	Maximum
    Permitted: 3.00 to 1.006	 

 

 

6 During
a Leverage Increase Period, the required Consolidated Total Leverage Ratio may, upon receipt by the Administrative Agent of a
Qualified Acquisition Notice, be increased to 3.50:1.00.

 

    	 	 	 

    	 	 	 

    

 

	2.	Consolidated
    Interest Coverage Ratio

 

	 	(a)	Consolidated
    EBITDA for the most recently completed four Fiscal 	 	 	 	 
	 	 	Quarters
    [1.(b)(xii) above]	 	$	 	 
	 	 	 	 	 	 	 	 
	 	 	(i)	depreciation
    and amortization expense for such period	 	$	 	 
	 	 	 	 	 	 	 	 
	 	 	(ii)	2.(a)
    - 2.(a)(i)	 	$	 	 
	 	 	 	 	 	 	 	 
	 	(b)	Consolidated
    Interest Expense for the most recently completed four Fiscal Quarters:	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	(i)	total
    interest expense, including without limitation the interest component of any payments in respect of Capital Lease Obligations
    capitalized or expensed during such period (whether or not actually paid during such period)	 	$	 	 
	 	 	 	 	 	 	 	 
	 	 	(ii)	the
    net amount payable (or minus the net amount receivable) with respect to Hedging Transactions during such period(whether
    or not actually paid or received during such period)	 	$	 	 
	 	 	 	 	 	 	 	 
	 	 	(iii)	2.(b)(i)
    + 2.(b)(ii)	 	$	 	 

 

	 	(c)	Consolidated
    Interest Coverage Ratio	 	 
	 	 	 	2.(a)(ii)
    / 2.(b)(iii)	____.___
    :1.00	 
	 	 	 	Minimum
    Permitted: 2.50 to 1.00	 

 

    	 	 	 

    	 	 	 

    

 

SCHEDULE
3

to
the Compliance Certificate

 

Investments
in Insurance Subsidiaries

 

    	 	 	 

    	 	 	 

    

 

Exhibit
6.10

 

FORM
OF JOINDER AGREEMENT

 

THIS
JOINDER AGREEMENT (the “Joinder Agreement”), dated as of _____________, 20__, is by and between _____________________,
a ___________________ (the “New Subsidiary”), and BANK OF AMERICA, N.A., in its capacity as Administrative
Agent under that certain Credit Agreement (as it may be amended, modified, restated or supplemented from time to time, the “Credit
Agreement”), dated as of June 5, 2019, by and among Health Plan Intermediaries Holdings, LLC, a Delaware limited liability
company (the “Borrower”), the Guarantors party thereto, the Lenders from time to time party thereto, and Bank
of America, N.A., as Administrative Agent. All of the defined terms in the Credit Agreement are incorporated herein by reference.

 

The
Loan Parties are required by Section 6.10 of the Credit Agreement to cause the New Subsidiary to become a “Guarantor”.

 

Accordingly,
the New Subsidiary hereby agrees as follows with the Administrative Agent, for the benefit of the Lenders:

 

1.
The New Subsidiary hereby acknowledges, agrees and confirms that, by its execution of this Joinder Agreement, the New Subsidiary
will be deemed to be a party to the Credit Agreement and a “Guarantor” for all purposes of the Credit Agreement, and
shall have all of the obligations of a Guarantor thereunder as if it had executed the Credit Agreement. The New Subsidiary hereby
ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions applicable to the Guarantors
contained in the Credit Agreement. Without limiting the generality of the foregoing terms of this paragraph 1, the New Subsidiary
hereby jointly and severally together with the other Guarantors, guarantees to each Lender and the Administrative Agent, as provided
in Article X of the Credit Agreement, the prompt payment of the Obligations in full when due (whether at stated maturity,
as a mandatory prepayment, by acceleration, a mandatory cash collateralization or otherwise) strictly in accordance with the terms
thereof.

 

2.
The New Subsidiary hereby acknowledges, agrees and confirms that, by its execution of this Joinder Agreement, the New Subsidiary
will be deemed to be a party to the Security Agreement, and shall have all the obligations of an “Obligor” (as such
term is defined in the Security Agreement) thereunder as if it had executed the Security Agreement. The New Subsidiary hereby
ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions contained in the Security
Agreement. Without limiting generality of the foregoing terms of this paragraph 2, the New Subsidiary hereby grants to the Administrative
Agent, for the benefit of the holders of the Secured Obligations (as such term is defined in Section 1 of the Security
Agreement), a continuing security interest in, and a right of set off against any and all right, title and interest of the New
Subsidiary in and to the Collateral (as such term is defined in Section 2 of the Security Agreement) of the New Subsidiary.
The New Subsidiary hereby represents and warrants to the Administrative Agent, for the benefit of the holders of the Secured Obligations
(as such term is defined in Section 1 of the Security Agreement), that:

 

(i)
The New Subsidiary’s chief executive office, tax payer identification number, organization identification number, and chief
place of business are (and for the prior five years have been) located at the locations set forth on Schedule 1 attached
hereto and the New Subsidiary keeps its books and records at such locations.

 

(ii)
The location of all owned and leased real property of the New Subsidiary is as shown on Schedule 2 attached hereto.

 

    	 	 	 

    	 	 	 

    

 

(iii)
The New Subsidiary’s legal name and jurisdiction of organization is as shown in this Joinder Agreement and the New Subsidiary
has not in the past five years changed its name, been party to a merger, consolidation or other change in structure or used any
tradename except as set forth in Schedule 3 attached hereto.

 

(iv)
The patents, copyrights, and trademarks listed on Schedule 4 attached hereto constitute all of the registrations and applications
for the patents, copyrights and trademarks owned by the New Subsidiary.

 

(v)
As of the date hereof, the New Subsidiary has no commercial tort claims involving a claim for damages in excess of $10,000 in
any individual instance or $100,000 in the aggregate when taken together with all commercial tort claims of any of the Loan Parties
not subject to a Lien in favor of the Administrative Agent, other than as set forth on Schedule 5 attached hereto.

 

(vi)
Schedule 6 attached hereto sets forth a complete and accurate list of (i) any Pledged Equity (as defined in the Security
Agreement) owned by the New Subsidiary that is required to be pledged and delivered to the Administrative Agent pursuant to the
Security Agreement and (ii) any Instruments, Documents and Tangible Chattel Paper (in each case, as defined in the Security Agreement)
constituting Collateral owned by the New Subsidiary that are required to be pledged and delivered to the Administrative Agent
pursuant to Section 4(a)(i) of the Security Agreement.

 

3.
The address of the New Subsidiary for purposes of all notices and other communications is the address set forth for any Loan Party
in Section 11.02 of the Credit Agreement.

 

4.
The New Subsidiary hereby waives acceptance by the Administrative Agent and the Lenders of the guaranty by the New Subsidiary
under Article X of the Credit Agreement upon the execution of this Joinder Agreement by the New Subsidiary.

 

5.
This Joinder Agreement may be executed in two or more counterparts, each of which shall constitute an original but all of which
when taken together shall constitute one contract.

 

6.
This Joinder Agreement shall be governed by and construed and interpreted in accordance with the laws of the State of New York.

 

[signature
page follows]

 

    	 	 	 

    	 	 	 

    

 

IN
WITNESS WHEREOF, the New Subsidiary has caused this Joinder Agreement to be duly executed by its authorized officers, and the
Administrative Agent, for the benefit of the Lenders, has caused the same to be accepted by its authorized officer, as of the
day and year first above written.

 

	 	[NEW
    SUBSIDIARY]
	 	 	 
	 	By:	                
	 	Name:	 
	 	Title:	 

 

	 	Acknowledged
    and accepted:
	 	 
	 	BANK
    OF AMERICA, N.A., 
	 	as
    Administrative Agent

 

	 	By:	 
	 	Name:	 
	 	Title:	 

 

    	 	 	 

    	 	 	 

    

 

Schedule
1

TO
FORM OF JOINDER AGREEMENT

 

[Chief
Executive Office, Tax Identification Number, Organization Identification Number

and
Chief Place of Business of Subsidiary]

 

    	 	 	 

    	 	 	 

    

 

Schedule
2

TO
FORM OF JOINDER AGREEMENT

 

[Owned
and Leased Real Property]

 

    	 	 	 

    	 	 	 

    

 

Schedule
3

TO
FORM OF JOINDER AGREEMENT

 

[Tradenames]

 

    	 	 	 

    	 	 	 

    

 

Schedule
4

TO
FORM OF JOINDER AGREEMENT

 

[Patents,
Copyrights, and Trademarks]

 

    	 	 	 

    	 	 	 

    

 

Schedule
5

TO
FORM OF JOINDER AGREEMENT

 

[Commercial
Tort Claims]

 

    	 	 	 

    	 	 	 

    

 

Schedule
6

TO
FORM OF JOINDER AGREEMENT

 

[Pledged
Equity; Instruments, Documents, Tangible Chattel Paper]

 

    	 	 	 

    	 	 	 

    

 

Exhibit
11.06(b)

 

FORM
OF ASSIGNMENT AND ASSUMPTION

 

This
Assignment and Assumption (this “Assignment and Assumption”) is dated as of the Effective Date set forth below
and is entered into by and between [Insert name of Assignor] (the “Assignor”) and [Insert name of
Assignee] (the “Assignee”). Capitalized terms used but not defined herein shall have the meanings given
to them in the Credit Agreement identified below (as amended, the “Credit Agreement”), receipt of a copy of
which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby
agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full.

 

For
an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably
purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement,
as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of the Assignor’s rights and
obligations as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto in the amount[s]
and equal to the percentage interest[s] identified below of all the outstanding rights and obligations under the respective facilities
identified below (including, without limitation, Letters of Credit, Guarantees and Swingline Loans included in such facilities)
and (ii) to the extent permitted to be assigned under applicable Law, all claims, suits, causes of action and any other right
of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with
the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby
or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice
claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant
to clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii) above being referred to herein
collectively as, the “Assigned Interest”). Such sale and assignment is without recourse to the Assignor and,
except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor.

 

	1.	Assignor:	 	 
	 	 	[Assignor
    [is][is not] a Defaulting Lender.]
	2.	Assignee:	 	 
	 	 	[and
    is an Affiliate/Approved Fund of [identify Lender]7]
	 	 	 
	3.	Borrower:	Health
    Plan Intermediaries Holdings, LLC, a Delaware limited liability company
	 	 	 
	4.	Administrative
    Agent:	Bank
    of America, N.A., as the administrative agent under the Credit Agreement
	 	 	 
	5.	Credit
    Agreement:	Credit
    Agreement dated as of June 5, 2019 among the Borrower, the Guarantors party thereto, the Lenders from time to time party thereto
    and Bank of America, N.A., as Administrative Agent
	 	 	 
	6.	Assigned
Interest:	 	 

 

	Facility
    Assigned8	 	Aggregate
    Amount of Commitment/Loans for

    all Lenders*	 	 	Amount
    of 

    Commitment/Loans

    Assigned*	 	 	Percentage
    Assigned of

    Commitment/Loans9	 
	 	 	$		 	 	$		 	 	 		%
		 	$	                  	 	 	$		 	 	 	                      	%
	 	 	$		 	 	$	                 	 	 		 	%

 

	[7.	Trade
    Date:	___________________]10	 

 

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

 

[signature
page follows]

 

 

7 Select
as applicable.

 

8
Fill in the appropriate terminology for the types of facilities under the Credit Agreement that are being assigned under
this Assignment (e.g. “Revolving Commitment,” “Term A-1 Loan Commitment,” etc.).

 

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

 

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

 

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

 

    	 	 	 

    	 	 	 

    

 

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

 

	 	ASSIGNOR
	 	[NAME
    OF ASSIGNOR]
	 	 	 
	 	By:	 
	 	Name:	            
	 	Title:	 
	 	 	 
	 	ASSIGNEE
	 	[NAME
    OF ASSIGNEE]
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

[Consented
to and]11 Accepted:

 

	BANK
    OF AMERICA, N.A. as Administrative Agent
	 	 	 
	By	 	 
	Name:
    	                	 
	Title:	 	 
	 	 	 
	[Consented
    to:]12
	 	 
	[BANK
    OF AMERICA, N.A., as L/C Issuer][and Swingline Lender]
	 	 	 
	By	 	 
	Name:
    	 	 
	Title:	 	 

 

	[HEALTH
    PLAN INTERMEDIARIES HOLDINGS, LLC, 	 
	a
    Delaware limited liability company	 
	 	 
	By:
    	Health
    Insurance Innovations, Inc.,

    a Delaware corporation, Managing Member]	 
	 	 	 
	By:	                  	 
	Name:	 	 
	Title:	 	 

 

 

11
To be added only if the consent of the Administrative Agent is required by the terms of the Credit Agreement.

12
To be added only if the consent of the Borrower and/or other parties (e.g. L/C Issuer) is required by the terms of the Credit
Agreement.

 

    	 	 	 

    	 	 	 

    

 

ANNEX
1

 

STANDARD
TERMS AND CONDITIONS FOR

ASSIGNMENT
AND ASSUMPTION

 

1.
Representations and Warranties.

 

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

 

1.2.
Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary,
to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender
under the Credit Agreement, (ii) it meets the requirements to be an assignee under Section 11.06(b)(iii) and (v) of the
Credit Agreement (subject to such consents, if any, as may be required under Section 11.06(b)(iii) of the Credit Agreement),
(iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement and the other Loan Documents
as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it
is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest and either it, or
the Person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of
such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive
copies of the most recent financial statements delivered pursuant to Section 6.01 thereof, as applicable, and such other
documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and
Assumption and to purchase the Assigned Interest, (vi) it has, independently and without reliance upon the Administrative Agent
or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and
decision to enter into this Assignment and Assumption and to purchase the Assigned Interest, and (vii) if it is a Foreign Lender,
attached hereto is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed
and executed by the Assignee; and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent,
the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue
to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance
with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender.
The Assignee represents and warrants as of the Effective Date that it is not (A) an employee benefit plan subject to Title I of
ERISA, (B) a plan or account subject to Section 4975 of the Internal Revenue Code, (C) an entity deemed to hold “plan assets”
of any such plans or accounts for purposes of ERISA or the Internal Revenue Code, or (D) a “governmental plan” within
the meaning of ERISA.

 

2.
Payments. From and after the Effective Date, the Administrative Agent shall make all payments in respect of the Assigned
Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to
but excluding the Effective Date and to the Assignee for amounts which have accrued from and after the Effective Date. Notwithstanding
the foregoing, the Administrative Agent shall make all payments of interest, fees or other amounts paid or payable in kind from
and after the Effective Date to the Assignee.

 

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

 

    	 	 	 

    	 	 	 

    

 

Exhibit
11.06(b)(iv)

 

FORM
OF ADMINISTRATIVE QUESTIONNAIRE

 

On
file with the Administrative Agent.Execution
Version

 

SECURITY
AND PLEDGE AGREEMENT

 

THIS
SECURITY AND PLEDGE AGREEMENT (this “Agreement”) is entered into as of June 5, 2019 among the parties identified
as “Obligors” on the signature pages hereto and such other parties that may become Obligors hereunder after the date
hereof (each individually an “Obligor”, and collectively the “Obligors”) and BANK OF AMERICA,
N.A., in its capacity as administrative agent (in such capacity, the “Administrative Agent”) for the holders
of the Secured Obligations (defined below).

 

RECITALS

 

WHEREAS,
pursuant to that certain Credit Agreement, dated as of the date hereof (as amended, modified, supplemented, increased, extended,
restated, renewed, refinanced or replaced from time to time, the “Credit Agreement”) among HEALTH PLAN INTERMEDIARIES
HOLDINGS, LLC, a Delaware limited liability company (the “Borrower”), the Guarantors identified therein, the
Lenders identified therein, such other parties that may become Lenders thereunder in accordance with the terms thereof, and the
Administrative Agent, the Lenders have agreed to make Loans and issue Letters of Credit upon the terms and subject to the conditions
set forth therein; and

 

WHEREAS,
this Agreement is required by the terms of the Credit Agreement.

 

NOW,
THEREFORE, in consideration of these premises and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto agree as follows:

 

1.
Definitions.

 

(a)
Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to such terms in the Credit Agreement,
and the following terms which are defined in the Uniform Commercial Code in effect from time to time in the State of New York
except as such terms may be used in connection with the perfection of the Collateral and then the applicable jurisdiction with
respect to such affected Collateral shall apply (the “UCC”): Accession, Account, Adverse Claim, As-Extracted
Collateral, Chattel Paper, Commercial Tort Claim, Consumer Goods, Deposit Account, Document, Electronic Chattel Paper, Equipment,
Farm Products, Financial Asset, Fixtures, General Intangible, Goods, Instrument, Inventory, Investment Company Security, Investment
Property, Letter-of-Credit Right, Manufactured Home, Money, Proceeds, Securities Account, Securities Intermediary, Security, Security
Entitlement, Software, Supporting Obligation and Tangible Chattel Paper.

 

(b)
In addition, the following terms shall have the meanings set forth below:

 

“Agreement”
has the meaning provided in the introductory paragraph hereof.

 

“Borrower”
has the meaning provided in the recitals hereof.

 

“Capital
Stock” means all shares, options, warrants, general or limited partnership interests, membership interests or other
equivalents (regardless of how designated) of or in a corporation, partnership, limited liability company or equivalent entity
whether voting or nonvoting, including common stock, preferred stock or any other “equity security” (as such term
is defined in Rule 3a11-1 of the General Rules and Regulations promulgated by the SEC under the Exchange Act).

 

    	 

    	 

    

 

“Collateral”
has the meaning provided in Section 2 hereof.

 

“Copyright
License” means any written agreement, naming any Obligor as licensor, granting any right under any Copyright.

 

“Copyrights”
means (a) all registered United States copyrights in all Works, now existing or hereafter created or acquired, all registrations
and recordings thereof, and all applications in connection therewith, including, without limitation, registrations, recordings
and applications in the United States Copyright Office, and (b) all renewals thereof.

 

“Credit
Agreement” has the meaning provided in the recitals hereof.

 

“Obligor”
and “Obligors” have the meanings provided in the introductory paragraph hereof.

 

“Patent
License” means any agreement, whether written or oral, providing for the grant by or to an Obligor of any right to manufacture,
use or sell any invention covered by a Patent.

 

“Patents”
means (a) all letters patent of the United States or any other country and all reissues and extensions thereof, and (b) all applications
for letters patent of the United States or any other country and all divisions, continuations and continuations-in-part thereof.

 

“Pledged
Equity” means, with respect to each Obligor, (i) one hundred percent (100%) of the issued and outstanding Capital Stock
of each Domestic Subsidiary (other than an Insurance Subsidiary) that is directly owned by any Obligor and (ii) sixty-six percent
(66%) (or such greater percentage that, due to a Change in Law after the date hereof, (A) would not reasonably be expected to
cause the undistributed earnings of such Foreign Subsidiary as determined for United States federal income tax purposes to be
treated as a deemed dividend to such Foreign Subsidiary’s United States parent and (B) would not reasonably be expected
to cause any adverse tax consequences) of the issued and outstanding Capital Stock entitled to vote (within the meaning of Treas.
Reg. Section 1.956-2(c)(2)) and 100% of the issued and outstanding Capital Stock not entitled to vote (within the meaning of Treas.
Reg. Section 1.956-2(c)(2)) in each Foreign Subsidiary (other than an Insurance Subsidiary) that is directly owned by any Obligor,
including without limitation the Capital Stock of the Subsidiaries owned by such Obligor as set forth on Schedule 1(b)
hereto, in each case together with the certificates (or other agreements or instruments), if any, representing such Capital Stock,
and all options and other rights, contractual or otherwise, with respect thereto, including, but not limited to, the following:

 

(1)
all Capital Stock representing a dividend thereon, or representing a distribution or return of capital upon or in respect thereof,
or resulting from a stock split, revision, reclassification or other exchange therefor, and any subscriptions, warrants, rights
or options issued to the holder thereof, or otherwise in respect thereof; and

 

(2)
in the event of any consolidation or merger involving the issuer thereof and in which such issuer is not the surviving Person,
all shares of each class of the Capital Stock of the successor Person formed by or resulting from such consolidation or merger,
to the extent that such successor Person is a direct Subsidiary of an Obligor.

 

“Secured
Obligations” means, without duplication, (a) all Obligations and (b) all costs and expenses incurred in connection with
enforcement and collection of the Obligations, including the reasonable fees, charges and disbursements of counsel.

 

    	 	2	 

     

    

 

“Trademark
License” means any agreement, written or oral, providing for the grant by or to an Obligor of any right to use any Trademark.

 

“Trademarks”
means (a) all trademarks, trade names, corporate names, company names, business names, fictitious business names, trade styles,
service marks, logos and other source or business identifiers, and the goodwill associated therewith, now existing or hereafter
adopted or acquired, all registrations and recordings thereof, and all applications in connection therewith, whether in the United
States Patent and Trademark Office or in any similar office or agency of the United States, any state thereof or any other country
or any political subdivision thereof, or otherwise and (b) all renewals thereof.

 

“UCC”
has the meaning provided in Section 1(a) hereof.

 

“Work”
means any work that is subject to copyright protection pursuant to Title 17 of the United States Code.

 

2.
Grant of Security Interest in the Collateral. To secure the prompt payment and performance in full when due, whether by
lapse of time, acceleration, mandatory prepayment or otherwise, of the Secured Obligations, each Obligor hereby grants to the
Administrative Agent, for the benefit of the holders of the Secured Obligations, a continuing security interest in, and a right
to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or
existing or owned, acquired, or arising hereafter (collectively, the “Collateral”): (a) all Accounts; (b) all
Money; (c) all Chattel Paper; (d) those certain Commercial Tort Claims set forth on Schedule 2(d) hereto; (e) all Copyrights;
(f) all Copyright Licenses; (g) all Deposit Accounts; (h) all Documents; (i) all Equipment; (j) all Fixtures; (k) all General
Intangibles; (l) all Goods; (m) all Instruments; (n) all Inventory; (o) all Investment Property; (p) all Letter-of-Credit Rights;
(q) all Patents; (r) all Patent Licenses; (s) all Pledged Equity; (t) all Software; (u) all Supporting Obligations; (v) all Trademarks;
(w) all Trademark Licenses; (x) all books and records related to the Collateral; and (y) all Accessions and all Proceeds of any
and all of the foregoing.

 

Notwithstanding
anything to the contrary contained herein, (A) the security interests granted under this Agreement shall not extend to any Excluded
Property and (B) the Administrative Agent, on behalf of itself and the holders of the Secured Obligations, acknowledges and agrees
that, solely to the extent required by any applicable Law or one or more Governmental Authorities or any Applicable Insurance
Regulatory Authority, the ownership of the Capital Stock of an Insurance Subsidiary (in each case, “Specified Shares”)
and voting rights in any Specified Shares, shall remain with the Parent even if an Event of Default has occurred and is continuing,
unless (i) the applicable Governmental Authority or Applicable Insurance Regulatory Authority shall have given its prior consent
(solely to the extent such consent is required by applicable Law) to the change in ownership of Specified Shares by transfer to
an acquirer whether by purchase at a public or private sale of Specified Shares or by merger or other transfer effecting a change
in ownership in any Specified Shares, or to the exercise of such rights to effect a change in ownership of Specified Shares by
the Administrative Agent, any holder of the Secured Obligations, a receiver, trustee, conservator or other agent or designee duly
appointed in accordance with applicable Law or (ii) the transferee of Specified Shares is approved (solely to the extent such
approval is required by applicable Law) as the owner of Specified Shares pursuant to applicable rules and regulations of the applicable
Governmental Authority or Applicable Insurance Regulatory Authority. To enforce the provisions of this subsection, the Obligors
acknowledge and agree that the Administrative Agent may request, and the Obligors hereby authorize and consent to the Administrative
Agent requesting, the appointment of a receiver from any court of competent jurisdiction. To the extent permitted by applicable
Law, the Obligors acknowledge and agree that the Administrative Agent may instruct, and the Obligors authorize and consent to
the Administrative Agent providing such instruction to, such receiver to seek from the applicable Governmental Authority or Applicable
Insurance Regulatory Authority a transfer of Specified Shares for the purpose of seeking a purchaser or other transferee to whom
it will ultimately be transferred. Upon the occurrence and during the continuance of an Event of Default, at the Administrative
Agent’s request, the Parent shall promptly use its commercially reasonable efforts to cooperate in obtaining the consent
or approval of any applicable Governmental Authority or Applicable Insurance Regulatory Authority, if required, for any action
or transactions contemplated hereby, including, without limitation, the preparation, execution and filing with such Governmental
Authority or Applicable Insurance Regulatory Authority of the assignor’s or transferor’s portion of any application
for consent or approval to the transfer of Specified Shares necessary or appropriate under the applicable Governmental Authority
or Applicable Insurance Regulatory Authority’s rules and regulations for approval of the transfer or assignment of any portion
of Specified Shares.

 

    	 	3	 

     

    

 

The
Obligors and the Administrative Agent, on behalf of the holders of the Secured Obligations, hereby acknowledge and agree that
the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all of the Secured Obligations,
whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses,
Patents, Patent Licenses, Trademarks or Trademark Licenses.

 

3.
Representations and Warranties. Each of the Obligors hereby represents and warrants to the Administrative Agent, for the
benefit of the holders of the Secured Obligations, that:

 

(a)
Ownership. Such Obligor is the legal and beneficial owner of its Collateral and has the right to pledge, sell, assign or
transfer the same. There exists no Adverse Claim with respect to the Pledged Equity of such Obligor.

 

(b)
Security Interest/Priority. This Agreement is effective to create in favor of the Administrative Agent, for the benefit
of itself and the holders of the Secured Obligations, a legal, valid and enforceable security interest in the Collateral, except
to the extent the enforceability thereof may be limited by applicable Debtor Relief Laws affecting creditors’ rights generally
and by equitable principles of law (regardless of whether enforcement is sought in equity or at law), and this Agreement shall
create a fully perfected Lien on, and security interest in, all right, title and interest of the Obligors in such Collateral,
in each case prior and superior in right to any other Lien (other than Permitted Encumbrances or as otherwise permitted under
Section 7.02 of the Credit Agreement) (i) with respect to Pledged Equity that is evidenced by a certificate, when such Pledged
Equity is delivered to the Administrative Agent with duly executed stock powers with respect thereto, (ii) with respect to any
Pledged Equity that is not evidenced by a certificate, when UCC financing statements in appropriate form are filed in the appropriate
filing offices in the jurisdiction of organization of the applicable Obligor or when Control is established by the Administrative
Agent over such Pledged Equity in accordance with the provision of Section 8-106 of the UCC, or any successor provision, and (iii)
with respect to any Collateral that is not Pledged Equity, when UCC financing statements in appropriate form are filed in the
appropriate filing offices in the jurisdiction of organization of the Obligor (to the extent such security interest can be perfected
by filing under the UCC).

 

(c)
Types of Collateral. None of the Collateral consists of, or is the Proceeds of, As-Extracted Collateral, Consumer Goods,
Farm Products, Manufactured Homes or standing timber.

 

(d)
Equipment and Inventory. With respect to any Equipment and/or Inventory of such Obligor, such Obligor has exclusive possession
and control of such Equipment and Inventory of such Obligor except for (i) Equipment leased by such Obligor as a lessee or (ii)
Equipment or Inventory in transit with common carriers. No Inventory of such Obligor is held by a Person other than such Obligor
pursuant to consignment, sale or return, sale on approval or similar agreement.

 

    	 	4	 

     

    

 

(e)
Authorization of Pledged Equity. All Pledged Equity is duly authorized and validly issued, is fully paid and, to the extent
applicable, nonassessable and is not subject to the preemptive rights, warrants, options or other rights to purchase of any Person,
or equityholder, voting trust or similar agreements outstanding with respect to, or property that is convertible, into, or that
requires the issuance and sale of, any of the Pledged Equity, except to the extent expressly permitted under the Loan Documents.

 

(f)
No Other Capital Stock, Instruments, Etc. As of the Closing Date, (i) such Obligor owns all certificated Capital Stock
in any Subsidiary, if any, that is required to be pledged and delivered to the Administrative Agent hereunder, as set forth on
Schedule 1(b) hereto, and (ii) such Obligor holds no Instruments, Documents or Tangible Chattel Paper required to be pledged
and delivered to the Administrative Agent pursuant to Section 4(a)(i) of this Agreement other than as set forth on Schedule
3(f) hereto. All such certificated Capital Stock, securities, Instruments, Documents and Tangible Chattel Paper, if any, have
been delivered to the Administrative Agent.

 

(g)
Partnership and Limited Liability Company Interests. None of the Collateral consisting of an interest in a partnership
or a limited liability company (i) is dealt in or traded on a securities exchange or in a securities market, (ii) by its terms
expressly provides that it is a Security governed by Article 8 of the UCC, (iii) is an Investment Company Security, (iv) is held
in a Securities Account or (v) constitutes a Security or a Financial Asset, in each case (with respect to clauses (i) through
(v)), except for marketable Securities held in an account for which the Administrative Agent has received a duly executed and
effective securities account control agreement in form and substance reasonably satisfactory to the Administrative Agent.

 

(h)
Contracts; Agreements; Licenses. Such Obligor has no Material Agreements which prevent the granting of a security interest
therein for which consent has not been obtained.

 

(i)
Consents; Etc. There are no restrictions in any Organization Document governing any Pledged Equity or any other document
related thereto which would limit or restrict (i) the grant of a Lien pursuant to this Agreement on such Pledged Equity, (ii)
the perfection of such Lien or (iii) the exercise of remedies in respect of such perfected Lien in the Pledged Equity as contemplated
by this Agreement, in each case for which consent or authorization has not been obtained. Except for (i) the filing or recording
of UCC financing statements, (ii) the filing of appropriate notices with the United States Patent and Trademark Office and the
United States Copyright Office, (iii) obtaining control to perfect the Liens created by this Agreement (to the extent required
under Section 4(a) hereof), (iv) such actions as may be required by applicable Laws affecting the offering and sale of securities,
(v) such actions as may be required by applicable foreign Laws affecting the pledge of the Pledged Equity of Foreign Subsidiaries
and (vi) consents, authorizations, filings or other actions which have been obtained or made, no consent or authorization of,
filing with, or other act by or in respect of, any arbitrator or Governmental Authority and no consent of any other Person (including,
without limitation, any stockholder, member or creditor of such Obligor), is required for (A) the grant by such Obligor of the
security interest in the Collateral granted hereby or for the execution, delivery or performance of this Agreement by such Obligor,
(B) the perfection of such security interest (to the extent such security interest can be perfected by filing under the UCC, the
granting of control (to the extent required under Section 4(a) hereof) or by filing an appropriate notice with the United States
Patent and Trademark Office or the United States Copyright Office) or (C) the exercise by the Administrative Agent or the holders
of the Secured Obligations of the rights and remedies provided for in this Agreement.

 

    	 	5	 

     

    

 

(j)
Commercial Tort Claims. As of the Closing Date, such Obligor has no Commercial Tort Claims seeking damages in excess of
$10,000 in any individual instance or $100,000 in the aggregate when taken together with all Commercial Tort Claims of all of
the other Obligors, other than as set forth on Schedule 2(d) hereto.

 

(k)
Copyrights, Patents and Trademarks.

 

(i)
Schedule 3(k) hereto includes all registrations or applications for Copyrights, Patents and Trademarks and all material
Copyright Licenses, Patent Licenses and Trademark Licenses owned by such Obligor in its own name, or to which any Obligor is a
party, as of the date hereof.

 

(ii)
All registrations or letters pertaining to Copyrights, Patents and Trademarks have been duly and properly filed, and to any Obligor’s
knowledge, each Copyright, Patent and Trademark of such Obligor is valid, subsisting, unexpired, enforceable and has not been
abandoned.

 

(iii)
Except as set forth on Schedule 3(k) hereto, none of such Copyrights, Patents and Trademarks is the subject of any licensing
or franchise agreement as of the date hereof.

 

(iv)
Except as would not reasonably be expected to have a Material Adverse Effect, to such Obligor’s knowledge, no holding, decision
or judgment has been rendered by any Governmental Authority that would limit, cancel or question the validity of such Copyright,
Patent or Trademark.

 

(v)
No action or proceeding is pending, seeking to limit, cancel or question the validity of any Copyright, Patent or Trademark that
would reasonably be expected to have a Material Adverse Effect.

 

(l)
Deposit Accounts. Set forth on Schedule 3(l), is a list of each deposit account of each Obligor as of the Closing
Date.

 

4.
Covenants. Each Obligor covenants that until such time as the Secured Obligations arising under the Loan Documents have
been paid in full and the Commitments have expired or been terminated, such Obligor shall:

 

(a)
Instruments/Chattel Paper/Pledged Equity/Control.

 

(i)
If any amount in excess of $10,000 in any individual instance or $100,000 in the aggregate payable under or in connection with
any of the Collateral shall be or become evidenced by any Instrument or Tangible Chattel Paper, or if any property constituting
Collateral shall be stored or shipped subject to a Document, ensure that such Instrument, Tangible Chattel Paper or Document is
either in the possession of such Obligor at all times or, if requested by the Administrative Agent to perfect its security interest
in such Collateral, is delivered to the Administrative Agent duly endorsed in a manner satisfactory to the Administrative Agent.
Such Obligor shall ensure that any Collateral consisting of Tangible Chattel Paper is marked with a legend acceptable to the Administrative
Agent indicating the Administrative Agent’s security interest in such Tangible Chattel Paper.

 

    	 	6	 

     

    

 

(ii)
Deliver to the Administrative Agent promptly upon the receipt thereof by or on behalf of such Obligor, all certificates and instruments
constituting Pledged Equity, if any. Prior to delivery to the Administrative Agent, all such certificates constituting Pledged
Equity, if any, shall be held in trust by such Obligor for the benefit of the Administrative Agent pursuant hereto. All such certificates
representing Pledged Equity, if any, shall be delivered in suitable form for transfer by delivery or shall be accompanied by duly
executed instruments of transfer or assignment in blank, substantially in the form provided in Exhibit 4(a)(ii) hereto
(or other form acceptable to the Administrative Agent in its reasonable discretion).

 

(iii)
Execute and deliver all agreements, assignments, instruments or other documents as reasonably requested by the Administrative
Agent for the purpose of obtaining and maintaining control with respect to any Collateral consisting of (A) Investment Property,
(B) Letter-of-Credit Rights and (C) Electronic Chattel Paper. With respect to the obtaining and maintaining control of Deposit
Accounts, such requirements are set forth in Section 6.12 of the Credit Agreement.

 

(b)
Filing of Financing Statements, Notices, etc. Such Obligor shall execute and deliver to the Administrative Agent such agreements,
assignments or instruments (including affidavits, notices, reaffirmations and amendments and restatements of existing documents,
as the Administrative Agent may reasonably request) and do all such other things as the Administrative Agent may reasonably deem
necessary or appropriate (i) to assure to the Administrative Agent its security interests hereunder, including (A) such instruments
as the Administrative Agent may from time to time reasonably request in order to perfect and maintain the security interests granted
hereunder in accordance with the UCC, (B) with regard to Copyrights, a Notice of Grant of Security Interest in Copyrights in the
form of Exhibit 4(b)(i), (C) with regard to Patents, a Notice of Grant of Security Interest in Patents for filing with
the United States Patent and Trademark Office in the form of Exhibit 4(b)(ii) hereto and (D) with regard to Trademarks,
a Notice of Grant of Security Interest in Trademarks for filing with the United States Patent and Trademark Office in the form
of Exhibit 4(b)(iii) hereto, (ii) to consummate the transactions contemplated hereby and (iii) to otherwise protect and
assure the Administrative Agent of its rights and interests hereunder. Furthermore, such Obligor also hereby irrevocably makes,
constitutes and appoints the Administrative Agent, its nominee or any other person whom the Administrative Agent may designate,
as such Obligor’s attorney in fact with full power and for the limited purpose to sign in the name of such Obligor any financing
statements, or amendments and supplements to financing statements, renewal financing statements, notices or any similar documents
which in the Administrative Agent’s reasonable discretion would be necessary or appropriate in order to perfect and maintain
perfection of the security interests granted hereunder, such power, being coupled with an interest, being and remaining irrevocable
until such time as the Secured Obligations arising under the Loan Documents have been paid in full and the Commitments have been
terminated. Such Obligor hereby agrees that a carbon, photographic or other reproduction of this Agreement or any such financing
statement is sufficient for filing as a financing statement by the Administrative Agent without notice thereof to such Obligor
wherever the Administrative Agent may in its sole discretion desire to file the same.

 

(c)
Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time in the possession or control of a warehouseman,
bailee or any agent or processor of such Obligor and the Administrative Agent so requests (i) notify such Person in writing of
the Administrative Agent’s security interest therein, (ii) instruct such Person to hold all such Collateral for the Administrative
Agent’s account and subject to the Administrative Agent’s instructions and (iii) use commercially reasonable efforts
to obtain a written acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.

 

    	 	7	 

     

    

 

(d)
Commercial Tort Claims. (i) Promptly forward to the Administrative Agent an updated Schedule 2(d) listing any and
all Commercial Tort Claims by or in favor of such Obligor seeking damages in excess of $10,000 in any individual instance or $100,000
in the aggregate for all Commercial Tort Claims of the Obligors not subject to a Lien in favor of the Administrative Agent, and
(ii) execute and deliver such statements, documents and notices and do and cause to be done all such things as may be reasonably
required by the Administrative Agent, or required by applicable Law to create, preserve, perfect and maintain the Administrative
Agent’s security interest in any Commercial Tort Claims initiated by or in favor of any Obligor.

 

(e)
Books and Records. Each Obligor shall mark its books and records (and shall cause the issuer of the Pledged Equity of such
Obligor to mark its books and records) to reflect the security interest granted pursuant to this Agreement.

 

(f)
Asset Sales. Nothing contained in this Agreement shall limit any Obligor’s right or ability to make Dispositions
of its property free and clear of the Administrative Agent’s security interest (and without the Administrative Agent’s
consent) to the extent that any such Disposition is made in accordance with the terms of the Credit Agreement (including without
limitation the terms of Section 7.06 of the Credit Agreement).

 

(g)
Nature of Collateral. At all times maintain the Collateral as personal property and not affix any of the Collateral to
any real property in a manner which would change its nature from personal property to real property or a Fixture to real property,
unless the Administrative Agent shall have a perfected Lien on such Fixture or real property.

 

(h)
Issuance or Acquisition of Capital Stock in Partnership or Limited Liability Company. Not without executing and delivering,
or causing to be executed and delivered, to the Administrative Agent such agreements, documents and instruments as the Administrative
Agent may reasonably require, issue or acquire any Pledged Equity consisting of an interest in a partnership or a limited liability
company that (i) is dealt in or traded on a securities exchange or in a securities market, (ii) by its terms expressly provides
that it is a Security governed by Article 8 of the UCC, (iii) is an Investment Company Security, (iv) is held in a Securities
Account or (v) constitutes a Security or a Financial Asset.

 

5.
Authorization to File Financing Statements. Each Obligor hereby authorizes the Administrative Agent to prepare and file
such financing statements (including continuation statements) or amendments thereof or supplements thereto or other instruments
as the Administrative Agent may from time to time deem necessary or appropriate in order to perfect and maintain the security
interests granted hereunder in accordance with the UCC (including authorization to describe the Collateral as “all personal
property”, “all assets” or words of similar meaning).

 

6.
Advances. On failure of any Obligor to perform any of the covenants and agreements contained herein or in any other Loan
Document, the Administrative Agent may, at its sole option and in its sole discretion, perform the same and in so doing may expend
such sums as the Administrative Agent may reasonably deem advisable in the performance thereof, including, without limitation,
the payment of any insurance premiums, the payment of any taxes, a payment to obtain a release of a Lien or potential Lien, expenditures
made in defending against any adverse claim and all other expenditures which the Administrative Agent may make for the protection
of the security hereof or which may be compelled to make by operation of Law. All such sums and amounts so expended shall be repayable
by the Obligors on a joint and several basis promptly upon timely notice thereof and demand therefor, shall constitute additional
Secured Obligations and shall bear interest from the date said amounts are expended at the Default Rate. No such performance of
any covenant or agreement by the Administrative Agent on behalf of any Obligor, and no such advance or expenditure therefor, shall
relieve the Obligors of any Default or Event of Default. The Administrative Agent may make any payment hereby authorized in accordance
with any bill, statement or estimate procured from the appropriate public office or holder of the claim to be discharged without
inquiry into the accuracy of such bill, statement or estimate or into the validity of any tax assessment, sale, forfeiture, tax
lien, title or claim except to the extent such payment is being contested in good faith by an Obligor in appropriate proceedings
and against which adequate reserves are being maintained in accordance with GAAP.

 

    	 	8	 

     

    

 

7.
Remedies.

 

(a)
General Remedies. Upon the occurrence of an Event of Default and during continuation thereof, the Administrative Agent
shall have, in addition to the rights and remedies provided herein, in the Loan Documents, in any other documents relating to
the Secured Obligations, or by applicable Law (including, but not limited to, levy of attachment, garnishment and the rights and
remedies set forth in the UCC of the jurisdiction applicable to the affected Collateral), the rights and remedies of a secured
party under the UCC (regardless of whether the UCC is the law of the jurisdiction where the rights and remedies are asserted and
regardless of whether the UCC applies to the affected Collateral), and further, the Administrative Agent may, with or without
judicial process or the aid and assistance of others, (i) enter on any premises on which any of the Collateral may be located
and, without resistance or interference by the Obligors, take possession of the Collateral, (ii) dispose of any Collateral on
any such premises, (iii) require the Obligors to assemble and make available to the Administrative Agent at the expense of the
Obligors any Collateral at any place and time designated by the Administrative Agent which is reasonably convenient to both parties,
(iv) remove any Collateral from any such premises for the purpose of effecting sale or other disposition thereof, and/or (v) without
demand and without advertisement, notice, hearing or process of law, all of which each of the Obligors hereby waives to the fullest
extent permitted by applicable Law, at any place and time or times, sell and deliver any or all Collateral held by or for it at
public or private sale (which in the case of a private sale of Pledged Equity, may be to a restricted group of purchasers who
will be obligated to agree, among other things, to acquire such securities for their own account, for investment and not with
a view to the distribution or resale thereof), at any exchange or broker’s board or elsewhere, by one or more contracts,
in one or more parcels, for cash, upon credit or otherwise, at such prices and upon such terms as the Administrative Agent deems
advisable, in its sole discretion (subject to any and all mandatory legal requirements). Each Obligor acknowledges that any such
private sale may be at prices and on terms less favorable to the seller than the prices and other terms which might have been
obtained at a public sale and, notwithstanding the foregoing, agrees that such private sale shall be deemed to have been made
in a commercially reasonable manner and, in the case of a sale of Pledged Equity, that the Administrative Agent shall have no
obligation to delay sale of any such securities for the period of time necessary to permit the issuer of such securities to register
such securities for public sale under the Securities Act of 1933 and the rules of the SEC thereunder (the “Securities
Act”). Neither the Administrative Agent’s compliance with applicable Law nor its disclaimer of warranties relating
to the Collateral shall be considered to adversely affect the commercial reasonableness of any sale. To the extent the rights
of notice cannot be legally waived hereunder, each Obligor agrees that any requirement of reasonable notice shall be met if such
notice, specifying the place of any public sale or the time after which any private sale is to be made, is personally served on
or mailed, postage prepaid, to the Obligors in accordance with the notice provisions of Section 11.02 of the Credit Agreement
at least ten (10) days before the time of sale or other event giving rise to the requirement of such notice. The Administrative
Agent may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such
sale may, without further notice, be made at the time and place to which it was so adjourned. Each Obligor further acknowledges
and agrees that any offer to sell any Pledged Equity which has been (i) publicly advertised on a bona fide basis in a newspaper
or other publication of general circulation in the financial community of New York, New York (to the extent that such offer may
be advertised without prior registration under the Securities Act), or (ii) made privately in the manner described above shall
be deemed to involve a “public sale” under the UCC, notwithstanding that such sale may not constitute a “public
offering” under the Securities Act, and the Administrative Agent may, in such event, bid for the purchase of such securities.
The Administrative Agent shall not be obligated to make any sale or other disposition of the Collateral regardless of notice having
been given. To the extent permitted by applicable Law, any holder of Secured Obligations may be a purchaser at any such sale.
To the extent permitted by applicable Law, each of the Obligors hereby waives all of its rights of redemption with respect to
any such sale. Subject to the provisions of applicable Law, the Administrative Agent may postpone or cause the postponement of
the sale of all or any portion of the Collateral by announcement at the time and place of such sale, and such sale may, without
further notice, to the extent permitted by applicable Law, be made at the time and place to which the sale was postponed, or the
Administrative Agent may further postpone such sale by announcement made at such time and place.

 

    	 	9	 

     

    

 

(b)
Remedies Relating to Accounts. During the continuance of an Event of Default, whether or not the Administrative Agent has
exercised any or all of its rights and remedies hereunder, (i) each Obligor will promptly upon request of the Administrative Agent
instruct all account debtors to remit all payments in respect of Accounts to a mailing location selected by the Administrative
Agent and (ii) the Administrative Agent shall have the right to enforce any Obligor’s rights against its customers and account
debtors, and the Administrative Agent or its designee may notify any Obligor’s customers and account debtors that the Accounts
of such Obligor have been assigned to the Administrative Agent or of the Administrative Agent’s security interest therein,
and may (either in its own name or in the name of an Obligor or both) demand, collect (including without limitation by way of
a lockbox arrangement), receive, take receipt for, sell, sue for, compound, settle, compromise and give acquittance for any and
all amounts due or to become due on any Account, and, in the Administrative Agent’s discretion, file any claim or take any
other action or proceeding to protect and realize upon the security interest of the holders of the Secured Obligations in the
Accounts. Each Obligor acknowledges and agrees that the Proceeds of its Accounts remitted to or on behalf of the Administrative
Agent in accordance with the provisions hereof shall be solely for the Administrative Agent’s own convenience and that such
Obligor shall not have any right, title or interest in such Accounts or in any such other amounts except as expressly provided
herein. Neither the Administrative Agent nor the holders of the Secured Obligations shall have any liability or responsibility
to any Obligor for acceptance of a check, draft or other order for payment of money bearing the legend “payment in full”
or words of similar import or any other restrictive legend or endorsement or be responsible for determining the correctness of
any remittance. Furthermore, during the continuance of an Event of Default, (i) the Administrative Agent shall have the right,
but not the obligation, to make test verifications of the Accounts in any manner and through any medium that it reasonably considers
advisable, and the Obligors shall furnish all such assistance and information as the Administrative Agent may require in connection
with such test verifications, (ii) upon the Administrative Agent’s request and at the expense of the Obligors, the Obligors
shall cause independent public accountants or others satisfactory to the Administrative Agent to furnish to the Administrative
Agent reports showing reconciliations, aging and test verifications of, and trial balances for, the Accounts and (iii) the Administrative
Agent in its own name or in the name of others may communicate with account debtors on the Accounts to verify with them to the
Administrative Agent’s satisfaction the existence, amount and terms of any Accounts.

 

    	 	10	 

     

    

 

(c)
Deposit Accounts. Upon the occurrence of an Event of Default and during the continuation thereof, the Administrative Agent
may prevent (i) withdrawals or other dispositions of funds in Deposit Accounts maintained with the Administrative Agent and (ii)
provide instructions directing the disposition of funds in Deposit Accounts not maintained with the Administrative Agent.

 

(d)
Access. In addition to the rights and remedies hereunder, upon the occurrence of an Event of Default and during the continuance
thereof, the Administrative Agent shall have the right to enter and remain upon the various premises of the Obligors without cost
or charge to the Administrative Agent, and use the same, together with materials, supplies, books and records of the Obligors
for the purpose of collecting and liquidating the Collateral, or for preparing for sale and conducting the sale of the Collateral,
whether by foreclosure, auction or otherwise. In addition, the Administrative Agent may remove Collateral, or any part thereof,
from such premises and/or any records with respect thereto, in order to effectively collect or liquidate such Collateral.

 

(e)
Nonexclusive Nature of Remedies. Failure by the Administrative Agent or the holders of the Secured Obligations to exercise
any right, remedy or option under this Agreement, any other Loan Document, any other document relating to the Secured Obligations,
or as provided by applicable Law, or any delay by the Administrative Agent or the holders of the Secured Obligations in exercising
the same, shall not operate as a waiver of any such right, remedy or option. No waiver hereunder shall be effective unless it
is in writing, signed by the party against whom such waiver is sought to be enforced and then only to the extent specifically
stated, which in the case of the Administrative Agent or the holders of the Secured Obligations shall only be granted as provided
herein. To the extent permitted by applicable Law, neither the Administrative Agent, the holders of the Secured Obligations, nor
any party acting as attorney for the Administrative Agent or the holders of the Secured Obligations, shall be liable hereunder
for any acts or omissions or for any error of judgment or mistake of fact or law other than their gross negligence or willful
misconduct hereunder. The rights and remedies of the Administrative Agent and the holders of the Secured Obligations under this
Agreement shall be cumulative and not exclusive of any other right or remedy which the Administrative Agent or the holders of
the Secured Obligations may have.

 

(f)
Retention of Collateral. In addition to the rights and remedies hereunder, the Administrative Agent may, in compliance
with Sections 9-620 and 9-621 of the UCC or otherwise complying with the requirements of applicable Law of the relevant jurisdiction,
accept or retain the Collateral in satisfaction of the Secured Obligations. Unless and until the Administrative Agent shall have
provided such notices, however, the Administrative Agent shall not be deemed to have retained any Collateral in satisfaction of
any Secured Obligations for any reason.

 

(g)
Deficiency. In the event that the proceeds of any sale, collection or realization are insufficient to pay all amounts to
which the Administrative Agent or the holders of the Secured Obligations are legally entitled, the Obligors shall be jointly and
severally liable for the deficiency, together with interest thereon at the Default Rate, together with the costs of collection
and the reasonable fees, charges and disbursements of counsel. Any surplus remaining after the full payment and satisfaction of
the Secured Obligations shall be returned to the Obligors or to whomsoever a court of competent jurisdiction shall determine to
be entitled thereto. Notwithstanding any provision to the contrary contained herein, in any other of the Loan Documents or in
any other documents relating to the Secured Obligations, the obligations of each Obligor under the Credit Agreement and the other
Loan Documents shall be limited to an aggregate amount equal to the largest amount that would not render such obligations subject
to avoidance under Section 548 of the Bankruptcy Code of the United States or any other applicable Debtor Relief Law (including
any comparable provisions of any applicable state Law).

 

    	 	11	 

     

    

 

8.
Rights of the Administrative Agent.

 

(a)
Power of Attorney. In addition to other powers of attorney contained herein, each Obligor hereby designates and appoints
the Administrative Agent, on behalf of the holders of the Secured Obligations, and each of its designees or agents, as attorney-in-fact
of such Obligor, irrevocably and with power of substitution, with authority to take any or all of the following actions upon the
occurrence and during the continuance of an Event of Default:

 

(i)
to demand, collect, settle, compromise, adjust, give discharges and releases, all as the Administrative Agent may reasonably determine;

 

(ii)
to commence and prosecute any actions at any court for the purposes of collecting any Collateral and enforcing any other right
in respect thereof;

 

(iii)
to defend, settle or compromise any action brought and, in connection therewith, give such discharge or release as the Administrative
Agent may deem reasonably appropriate;

 

(iv)
to receive, open and dispose of mail addressed to an Obligor and endorse checks, notes, drafts, acceptances, money orders, bills
of lading, warehouse receipts or other instruments or documents evidencing payment, shipment or storage of the Goods giving rise
to the Collateral of such Obligor on behalf of and in the name of such Obligor, or securing, or relating to such Collateral;

 

(v)
to sell, assign, transfer, make any agreement in respect of, or otherwise deal with or exercise rights in respect of, any Collateral
or the Goods or services which have given rise thereto, as fully and completely as though the Administrative Agent were the absolute
owner thereof for all purposes;

 

(vi)
to adjust and settle claims under any insurance policy relating thereto;

 

(vii)
to execute and deliver all assignments, conveyances, statements, financing statements, renewal financing statements, security
agreements, affidavits, notices and other agreements, instruments and documents that the Administrative Agent may determine necessary
in order to perfect and maintain the security interests and liens granted in this Agreement and in order to fully consummate all
of the transactions contemplated therein;

 

(viii)
to institute any foreclosure proceedings that the Administrative Agent may deem appropriate;

 

    	 	12	 

     

    

 

(ix)
to sign and endorse any drafts, assignments, proxies, stock powers, verifications, notices and other documents relating to the
Collateral;

 

(x)
to exchange any of the Pledged Equity or other property upon any merger, consolidation, reorganization, recapitalization or other
readjustment of the issuer thereof and, in connection therewith, deposit any of the Pledged Equity with any committee, depository,
transfer agent, registrar or other designated agency upon such terms as the Administrative Agent may reasonably deem appropriate;

 

(xi)
to vote for a shareholder or member resolution, or to sign an instrument in writing, sanctioning the transfer of any or all of
the Pledged Equity into the name of the Administrative Agent or one or more of the holders of the Secured Obligations or into
the name of any transferee to whom the Pledged Equity or any part thereof may be sold pursuant and subject to Section 7
hereof;

 

(xii)
to pay or discharge taxes, liens, security interests or other encumbrances levied or placed on or threatened against the Collateral;

 

(xiii)
to direct any parties liable for any payment in connection with any of the Collateral to make payment of any and all monies due
and to become due thereunder directly to the Administrative Agent or as the Administrative Agent shall direct;

 

(xiv)
to receive payment of and receipt for any and all monies, claims, and other amounts due and to become due at any time in respect
of or arising out of any Collateral; and

 

(xv)
to do and perform all such other acts and things as the Administrative Agent may reasonably deem to be necessary, proper or convenient
in connection with the Collateral.

 

This
power of attorney is a power coupled with an interest and shall be irrevocable until such time as the Secured Obligations arising
under the Loan Documents have been paid in full and the Commitments have expired or been terminated. The Administrative Agent
shall be under no duty to exercise or withhold the exercise of any of the rights, powers, privileges and options expressly or
implicitly granted to the Administrative Agent in this Agreement, and shall not be liable for any failure to do so or any delay
in doing so. The Administrative Agent shall not be liable for any act or omission or for any error of judgment or any mistake
of fact or law in its individual capacity or its capacity as attorney-in-fact except acts or omissions resulting from its gross
negligence or willful misconduct. This power of attorney is conferred on the Administrative Agent solely to protect, preserve
and realize upon its security interest in the Collateral.

 

(b)
Assignment by the Administrative Agent. The Administrative Agent may from time to time assign the Secured Obligations to
a successor Administrative Agent appointed in accordance with the Credit Agreement, and such successor shall be entitled to all
of the rights and remedies of the Administrative Agent under this Agreement in relation thereto.

 

    	 	13	 

     

    

 

(c)
The Administrative Agent’s Duty of Care. Other than the exercise of reasonable care to assure the safe custody of
the Collateral while being held by the Administrative Agent hereunder, the Administrative Agent shall have no duty or liability
to preserve rights pertaining thereto, it being understood and agreed that the Obligors shall be responsible for preservation
of all rights in the Collateral, and the Administrative Agent shall be relieved of all responsibility for the Collateral upon
surrendering it or tendering the surrender of it to the Obligors. The Administrative Agent shall be deemed to have exercised reasonable
care in the custody and preservation of the Collateral in its possession if the Collateral is accorded treatment substantially
equal to that which the Administrative Agent accords its own property, which shall be no less than the treatment employed by a
reasonable and prudent agent in the industry, it being understood that the Administrative Agent shall not have responsibility
for taking any necessary steps to preserve rights against any parties with respect to any of the Collateral. In the event of a
public or private sale of Collateral pursuant to Section 7 hereof, the Administrative Agent shall have no responsibility for (i)
ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relating to
any Collateral, whether or not the Administrative Agent has or is deemed to have knowledge of such matters, or (ii) taking any
steps to clean, repair or otherwise prepare the Collateral for sale.

 

(d)
Liability with Respect to Accounts. Anything herein to the contrary notwithstanding, each of the Obligors shall remain
liable under each of the Accounts to observe and perform all the conditions and obligations to be observed and performed by it
thereunder, all in accordance with the terms of any agreement giving rise to each such Account. Neither the Administrative Agent
nor any holder of Secured Obligations shall have any obligation or liability under any Account (or any agreement giving rise thereto)
by reason of or arising out of this Agreement or the receipt by the Administrative Agent or any holder of Secured Obligations
of any payment relating to such Account pursuant hereto, nor shall the Administrative Agent or any holder of Secured Obligations
be obligated in any manner to perform any of the obligations of an Obligor under or pursuant to any Account (or any agreement
giving rise thereto), to make any payment, to make any inquiry as to the nature or the sufficiency of any payment received by
it or as to the sufficiency of any performance by any party under any Account (or any agreement giving rise thereto), to present
or file any claim, to take any action to enforce any performance or to collect the payment of any amounts which may have been
assigned to it or to which it may be entitled at any time or times.

 

(e)
Voting and Payment Rights in Respect of the Pledged Equity.

 

(i)
So long as no Event of Default shall exist, each Obligor may (A) exercise any and all voting and other consensual rights pertaining
to the Pledged Equity of such Obligor or any part thereof for any purpose not inconsistent with the terms of this Agreement or
the Credit Agreement and (B) receive and retain any and all dividends and distributions (other than stock dividends and other
dividends and distributions constituting Collateral which are addressed hereinabove), principal or interest paid in respect of
the Pledged Equity to the extent they are allowed under the Credit Agreement; and

 

(ii)
During the continuance of an Event of Default, (A) all rights of an Obligor to exercise the voting and other consensual rights
which it would otherwise be entitled to exercise pursuant to clause (i)(A) above shall cease and all such rights shall thereupon
become vested in the Administrative Agent which shall then have the sole right to exercise such voting and other consensual rights,
(B) all rights of an Obligor to receive the dividends, distributions, principal and interest payments which it would otherwise
be authorized to receive and retain pursuant to clause (i)(B) above shall cease and all such rights shall thereupon be vested
in the Administrative Agent which shall then have the sole right to receive and hold as Collateral such dividends, distributions,
principal and interest payments, and (C) all dividends, distributions, principal and interest payments which are received by an
Obligor contrary to the provisions of clause (ii)(B) above shall be received in trust for the benefit of the Administrative Agent,
shall be segregated from other property or funds of such Obligor, and shall be forthwith paid over to the Administrative Agent
as Collateral in the exact form received, to be held by the Administrative Agent as Collateral and as further collateral security
for the Secured Obligations.

 

    	 	14	 

     

    

 

(iii)
In accordance with Section 7.05(b) of the Credit Agreement, prior to any exercise of remedies in connection with the Loan Documents,
the Administrative Agent will allow a distribution in an amount to cover the tax liabilities of the members of the Borrower related
to such members’ ownership interests in the Borrower, provided that, written evidence reasonably satisfactory to
the Administrative Agent is given to the Administrative Agent evidencing such tax liability.

 

(f)
Releases of Collateral. If any Collateral shall be sold, transferred or otherwise disposed of by any Obligor in a transaction
permitted by the Credit Agreement, then the security interest of the Administrative Agent and the holders of the Secured Obligations
shall terminate automatically and the Administrative Agent, at the request and sole expense of such Obligor, shall promptly execute
and deliver to such Obligor all releases and other documents, and take such other action, reasonably necessary for the release
of the Liens created hereby or by any other Collateral Document on such Collateral. The Administrative Agent may release any of
the Pledged Equity from this Agreement or may substitute any of the Pledged Equity for other Pledged Equity without altering,
varying or diminishing in any way the force, effect, lien, pledge or security interest of this Agreement as to any Pledged Equity
not expressly released or substituted, and this Agreement shall continue as a first priority lien on all Pledged Equity not expressly
released or substituted.

 

9.
Application of Proceeds. Upon the acceleration of the Obligations under the Loan Documents pursuant to Section 8.02 of
the Credit Agreement, any payments in respect of the Secured Obligations and any proceeds of the Collateral, when received by
the Administrative Agent or any holder of the Secured Obligations in Money or its equivalent, will be applied in reduction of
the Secured Obligations in the order set forth in Section 8.03 of the Credit Agreement.

 

10.
Continuing Agreement.

 

(a)
This Agreement shall remain in full force and effect until such time as the Secured Obligations arising under the Loan Documents
have been paid in full and the Commitments have expired or been terminated, at which time this Agreement shall be automatically
terminated and the Administrative Agent shall, upon the request and at the expense of the Obligors, forthwith release all of its
liens and security interests hereunder and shall execute and deliver all UCC termination statements and/or other documents reasonably
requested by the Obligors evidencing such termination.

 

(b)
This Agreement shall continue to be effective or be automatically reinstated, as the case may be, if at any time payment, in whole
or in part, of any of the Secured Obligations is rescinded or must otherwise be restored or returned by the Administrative Agent
or any holder of the Secured Obligations as a preference, fraudulent conveyance or otherwise under any applicable Debtor Relief
Law, all as though such payment had not been made; provided that in the event payment of all or any part of the Secured Obligations
is rescinded or must be restored or returned, all reasonable costs and expenses (including without limitation any reasonable legal
fees and disbursements) incurred by the Administrative Agent or any holder of the Secured Obligations in defending and enforcing
such reinstatement shall be deemed to be included as a part of the Secured Obligations.

 

    	 	15	 

     

    

 

11.
Amendments; Waivers; Modifications, etc. This Agreement and the provisions hereof may not be amended, waived, modified,
changed, discharged or terminated except as set forth in Section 11.01 of the Credit Agreement; provided that any update or revision
to Schedule 2(d) hereof delivered by any Obligor shall not constitute an amendment for purposes of this Section 11
or Section 11.01 of the Credit Agreement.

 

12.
Successors in Interest. This Agreement shall be binding upon each Obligor, its successors and assigns and shall inure,
together with the rights and remedies of the Administrative Agent and the holders of the Secured Obligations hereunder, to the
benefit of the Administrative Agent and the holders of the Secured Obligations and their successors and permitted assigns.

 

13.
Notices. All notices required or permitted to be given under this Agreement shall be in conformance with Section 11.02
of the Credit Agreement.

 

14.
Counterparts. This Agreement may be executed in counterparts (and by different parties hereto in different counterparts),
each of which shall constitute an original, but all of which when taken together shall constitute a single contract. It shall
not be necessary in making proof of this Agreement to produce or account for more than one such counterpart. Delivery of an executed
counterpart of a signature page of this Agreement by fax transmission or e-mail transmission (e.g. “pdf” or “tif”)
shall be effective as delivery of a manually executed counterpart of this Agreement.

 

15.
Headings. The headings of the sections hereof are provided for convenience only and shall not in any way affect the meaning
or construction of any provision of this Agreement.

 

16.
Governing Law; Submission to Jurisdiction; Venue; WAIVER OF JURY TRIAL. The terms of Sections 11.14 and 11.15 of the Credit
Agreement with respect to governing law, submission to jurisdiction, venue and waiver of jury trial are incorporated herein by
reference, mutatis mutandis, and the parties hereto agree to such terms.

 

17.
Severability. If any provision of this Agreement is held to be illegal, invalid or unenforceable, (a) the legality, validity
and enforceability of the remaining provisions of this Agreement shall not be affected or impaired thereby and (b) the parties
shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the
economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity
of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

 

18.
Entirety. This Agreement, the other Loan Documents, and any separate letter agreements with respect to fees payable to
the Administrative Agent or the holders of the Secured Obligations, constitute the entire contract among the parties relating
to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the
subject matter hereof.

 

19.
Other Security. To the extent that any of the Secured Obligations are now or hereafter secured by property other than the
Collateral (including, without limitation, real property and securities owned by an Obligor), or by a guarantee, endorsement or
property of any other Person, then the Administrative Agent shall have the right to proceed against such other property, guarantee
or endorsement upon the occurrence of any Event of Default, and the Administrative Agent shall have the right, in its sole discretion,
to determine which rights, security, liens, security interests or remedies the Administrative Agent shall at any time pursue,
relinquish, subordinate, modify or take with respect thereto, without in any way modifying or affecting any of them or the Secured
Obligations or any of the rights of the Administrative Agent or the holders of the Secured Obligations under this Agreement, under
any other of the Loan Documents or under any other document relating to the Secured Obligations.

 

    	 	16	 

     

    

 

20.
Joinder. At any time after the date of this Agreement, one or more additional Persons may become party hereto by executing
and delivering to the Administrative Agent a Joinder Agreement. Immediately upon such execution and delivery of such Joinder Agreement
(and without any further action), each such additional Person will become a party to this Agreement as an “Obligor”
and have all of the rights and obligations of an Obligor hereunder and this Agreement and the schedules hereto shall be deemed
amended by such Joinder Agreement.

 

21.
Rights of Required Lenders. All rights of the Administrative Agent hereunder, if not exercised by the Administrative Agent,
may be exercised by the Required Lenders.

 

22.
Consent of Issuers of Pledged Equity. Each issuer of Pledged Equity party to this Agreement hereby acknowledges, consents
and agrees to the grant of the security interests in such Pledged Equity by the applicable Obligors pursuant to this Agreement,
together with all rights accompanying such security interest as provided by this Agreement and applicable law, notwithstanding
any anti-assignment provisions in any operating agreement, limited partnership agreement or similar organizational or governance
documents of such issuer.

 

23.
Joint and Several Obligations of Obligors.

 

(a)
Subject to subsection (c) of this Section 23, each of the Obligors is accepting joint and several liability hereunder,
in consideration of the financial accommodation to be provided by the holders of the Secured Obligations, of each of the Obligors
and in consideration of the undertakings of each of the Obligors to accept joint and several liability for the obligations of
each of them.

 

(b)
Subject to subsection (c) of this Section 23, each of the Obligors jointly and severally hereby irrevocably and
unconditionally accepts, not merely as a surety but also as a co-debtor, joint and several liability with the other Obligors with
respect to the payment and performance of all of the Secured Obligations arising under this Agreement, the other Loan Documents
and any other documents relating to the Secured Obligations, it being the intention of the parties hereto that all the Secured
Obligations shall be the joint and several obligations of each of the Obligors without preferences or distinction among them.

 

(c)
Notwithstanding any provision to the contrary contained herein, in any other of the Loan Documents or in any other documents relating
to the Secured Obligations, the obligations of each Guarantor under the Credit Agreement, the other Loan Documents and the other
documents relating to the Secured Obligations shall be limited to an aggregate amount equal to the largest amount that would not
render such obligations subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions
of any other applicable Debtor Relief Law.

 

24.
Acknowledgement Regarding Any Supported QFCs. The provisions and acknowledgements contained in Section 11.21 of the Credit
Agreement are hereby incorporated into this agreement, mutatis mutandis.

 

[SIGNATURE
PAGES FOLLOW]

 

    	 	17	 

     

    

 

Each
of the parties hereto has caused a counterpart of this Agreement to be duly executed and delivered as of the date first above
written.

 

	OBLIGORS:	HEALTH
                                         PLAN INTERMEDIARIES HOLDINGS, LLC,
	 	a
                                         Delaware limited liability company

 

	 	By:
    Health Insurance Innovations, Inc.,
	 	a
    Delaware corporation, Managing Member
	 	 	                             
	 	By:	/s/
    Gavin D. Southwell
	 	Name:	Gavin
    D. Southwell
	 	Title:	President
                                         and Chief Executive Officer

	 	 	 
	 	HEALTH
    INSURANCE INNOVATIONS, INC.,
	 	a
    Delaware corporation
	 	 	 
	 	By:	/s/
    Gavin D. Southwell
	 	Name:	Gavin
    D. Southwell
	 	Title:	President
    and Chief Executive Officer
	 	 	 
	 	INSURANCE
    CENTER FOR EXCELLENCE, LLC,
	 	a
    Delaware limited liability company
	 	 	 
	 	By:
    Health Plan Intermediaries Holdings, LLC,
	 	a
    Delaware limited liability company, Sole Member
	 	 	 
	 	By:
    Health Insurance Innovations, Inc.,
	 	a
    Delaware corporation, Managing Member
	 	 	 
	 	By:	/s/
    Gavin D. Southwell
	 	Name:	Gavin
    D. Southwell
	 	Title:	President
    and Chief Executive Officer
	 	 	 
	 	SECURED
    SOFTWARE SOLUTIONS LLC,
	 	a
    Florida limited liability company
	 	 
	 	By:
    Health Plan Intermediaries Holdings, LLC,
	 	a
    Delaware limited liability company, Sole Member
	 	 
	 	By:
    Health Insurance Innovations, Inc.,
	 	a
    Delaware corporation, Managing Member
	 	 	 
	 	By:	/s/
    Gavin D. Southwell
	 	Name:	Gavin
    D. Southwell
	 	Title:	President
    and Chief Executive Officer

 

    	 	18	 

     

    

 

	 	SUNRISE
    HEALTH PLANS, LLC,
	 	a
    Florida limited liability company
	 	 
	 	By:
    Health Plan Intermediaries Holdings, LLC,
	 	a
    Delaware limited liability company, Sole Member
	 	 
	 	By:
    Health Insurance Innovations, Inc.,
	 	a
    Delaware corporation, Managing Member
	 	 	                                
	 	By:	/s/
    Gavin D. Southwell
	 	Name:	Gavin
    D. Southwell
	 	Title:	President
    and Chief Executive Officer
	 	 	 
	 	SUNRISE
    GROUP MARKETING LLC,
	 	a
    Florida limited liability company
	 	 
	 	By:
    Health Plan Intermediaries Holdings, LLC,
	 	a
    Delaware limited liability company, Sole Member
	 	 
	 	By:
    Health Insurance Innovations, Inc.,
	 	a
    Delaware corporation, Managing Member
	 	 	 
	 	By:	/s/
    Gavin D. Southwell
	 	Name:	Gavin
    D. Southwell
	 	Title:	President
    and Chief Executive Officer
	 	 	 
	 	HEALTHPOCKET,
    INC.,
	 	a
    Delaware corporation
	 	 	 
	 	By:	/s/
    Gavin D. Southwell
	 	Name:	Gavin
    D. Southwell
	 	Title:	President
    and Chief Executive Officer
	 	 	 
	 	AMERICAN
    SERVICE INSURANCE AGENCY, LLC,
	 	a
    Texas limited liability company
	 	 
	 	By:
    Health Plan Intermediaries Holdings, LLC,
	 	a
    Delaware limited liability company, Sole Member
	 	 
	 	By:
    Health Insurance Innovations, Inc.,
	 	a
    Delaware corporation, Managing Member
	 	 	 
	 	By:	/s/
    Gavin D. Southwell
	 	Name:	Gavin
    D. Southwell
	 	Title:	President
    and Chief Executive Officer

 

    	 	19	 

     

    

 

	 	BIMSYM-HPIH,
    LLC,
	 	a
    Delaware limited liability company
	 	 
	 	By:
    Health Plan Intermediaries Holdings, LLC,
	 	a
    Delaware limited liability company, Sole Member
	 	 
	 	By:
    Health Insurance Innovations, Inc.,
	 	a
    Delaware corporation, Managing Member
	 	 	                           
	 	By:	/s/
    Gavin D. Southwell
	 	Name:	Gavin
    D. Southwell
	 	Title:	President
    and Chief Executive Officer
	 	 	 
	 	HEALTH
    INSURANCE INNOVATIONS HOLDINGS, INC., a Delaware corporation
	 	 	 
	 	By:	/s/
    Gavin D. Southwell
	 	Name:	Gavin
                                         D. Southwell

	 	Title:	President
    and Chief Executive Officer

 

    	 	20	 

     

    

 

	Accepted
    and agreed to as of the date first above written. 	 
	 	 	 
	BANK
    OF AMERICA, N.A., as Administrative Agent 	 
	 	 
	By:
    	/s/
    Erik M. Truette	 
	Name:
    	Erik
                                         M. Truette

	 
	Title:
    	Vice
    President	 

 

    	 	21	 

     

    

 

Omitted
Exhibits and Schedules for Exhibit 10.2

 

Schedule
1(b) – Pledged Equity

 

Schedule
2(d) – Commercial Tort Claims

 

Schedule
3(f) – Instruments; Documents; Tangible Chattel Paper

 

Schedule
3(k) – Copyrights; Patents; Trademarks

 

Schedule
3(l) – Deposit Accounts

 

Exhibit
4(a)(ii) – Irrevocable Stock Power

 

Exhibit
4(b)(i) – Notice of Grant of Security Interest in Copyrights

 

Exhibit
4(b)(ii) – Notice of Grant of Security Interest in Patents

 

Exhibit
4(b)(iii) – Notice of Grant of Security Interest in Trademarks

 

    	22

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