Document:

Exhibit 10.2

 

Execution Version

 

AMENDMENT NO. 3 TO AMENDED AND RESTATED
CREDIT AGREEMENT

 

This AMENDMENT NO.
3 TO AMENDED AND RESTATED CREDIT AGREEMENT, dated as of December 16, 2015 (this “Agreement”; capitalized
terms used herein without definition having the meanings provided in Article I), is entered into among SNYDER’S-LANCE,
INC., a North Carolina corporation (the “Borrower”), each Lender a party hereto and BANK OF AMERICA, N.A.,
as administrative agent (in such capacity, the “Administrative Agent”) for the Lenders.

 

PRELIMINARY STATEMENTS:

 

The Borrower, the
Lenders and the Administrative Agent are parties to the Original Credit Agreement.

 

The Borrower has entered
into that certain Agreement and Plan of Merger and Reorganization, dated as of October 27, 2015, among the Borrower, Shark Acquisition
Sub I, Inc., Shark Acquisition Sub II, LLC and Diamond Foods, Inc. whereby the Borrower will acquire Diamond Foods, Inc. (the
“Diamond Acquisition”).

 

In order to consummate
the Diamond Acquisition, the Borrower will be entering into certain financing transactions, including without limitation, term
loan facilities, whereby the Borrower will incur certain indebtedness (the “Diamond Acquisition Indebtedness”)
in excess of what is permitted under the Original Credit Agreement and will cause certain Subsidiaries to guarantee the Diamond
Acquisition Indebtedness.

 

The Borrower has requested
that, pursuant to Section 11.01 of the Original Credit Agreement, the Lenders agree to certain amendments to the Original
Credit Agreement as hereinafter set forth, including amendments (i) to permit, among other things, the incurrence of the Acquisition
Indebtedness and (ii) to cause certain Subsidiaries to guarantee the Acquisition Indebtedness.

 

The Lenders party
to this Agreement (the “Consenting Lenders”) are, on the terms and conditions stated below, willing to grant
such request and to amend the Original Credit Agreement as hereinafter set forth.

 

NOW THEREFORE, for
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each party to this Agreement agrees,
as follows:

 

ARTICLE
I

DEFINITIONS

 

1.01 Definitions.
The following terms (whether or not underscored) when used in this Agreement, including its preamble and recitals, shall have
the following meanings (such definitions to be equally applicable to the singular and plural forms thereof):

 

“Administrative
Agent” is defined in the preamble.

 

“Agreement”
is defined in the preamble.

    	 

    	

    

“Agreement
Effective Date” means the date on which the conditions precedent to the effectiveness of this Agreement as specified
in Article III herein have been satisfied.

 

“Agreement
Signing Date” means December 16, 2015.

 

“Borrower”
is defined in the preamble.

 

“Credit Agreement”
means the Original Credit Agreement, as amended by this Agreement as the same may hereafter be further amended, amended and restated,
supplemented or otherwise modified.

 

“Lender”
means each lender from time to time party to the Credit Agreement.

 

“Original
Credit Agreement” means the Amended and Restated Credit Agreement dated as of May 30, 2014, as amended by Amendment
No. 1, dated as of June 24, 2014 and amended by Amendment No. 2, dated as of December 4, 2014, as further amended, restated, supplemented
or otherwise modified prior to the date hereof, among the Borrower, the Lenders and the Administrative Agent.

 

“Transactions”
means, collectively, consummation of the following transactions (a) the Diamond Acquisition, (b) the Refinancing, (c) the repayment
in full of the Indebtedness under the Existing Snyder’s Notes (as defined in the New Credit Agreement), (d) the term loans
made under the New Credit Agreement, and (e) the payment of fees, costs and expenses incurred in connection with the foregoing.

 

1.02 Other Definitions.
Unless otherwise defined herein or the context otherwise requires, terms used in this Agreement, including its preamble and
recitals, have the meanings provided in the Credit Agreement.

 

1.03 Other Interpretive
Provisions. The rules of construction in Sections 1.02 and 1.03 of the Credit Agreement shall be equally applicable
to this Agreement.

 

ARTICLE
II

AMENDMENTS

 

2.01 Amendments.

 

(a) Credit Agreement.
Effective as of the Agreement Effective Date, and subject to the terms and conditions set forth herein and in reliance upon representations
and warranties set forth herein, the Original Credit Agreement is hereby amended such that, after giving effect to all such amendments,
it shall read in its entirety as attached hereto as Exhibit A, with all revisions to the Original Credit Agreement reflected
in Exhibit A in redlined format. The amendments to the Original Credit Agreement are limited to the extent specifically
set forth above and no other terms, covenants or provisions of the Original Credit Agreement are intended to be affected hereby.

 

(b) Other Loan
Documents. From and after the Agreement Effective Date, each reference to the Original Credit Agreement in any Loan Document
shall be a reference to

    	2

    	

    

the Original Credit
Agreement, as amended by this Agreement, as the same may hereafter be further amended, amended and restated, supplemented or otherwise
modified.

 

ARTICLE
III

CONDITIONS PRECEDENT

 

3.01 Conditions
to Agreement Signing Date. This Agreement is subject to the provisions of Section 11.01 of the Credit Agreement, and
the execution of this Agreement by the Administrative Agent and each Consenting Lender shall be subject to the satisfaction of
the following conditions on or prior to the Agreement Signing Date:

 

(a) Deliveries.
The Administrative Agent shall have received all of the following documents (in sufficient copies for each Consenting Lender),
each such document (unless otherwise specified) dated the Agreement Signing Date and, each in form and substance satisfactory
to the Administrative Agent:

 

(i) Agreement.
Counterparts of this Agreement executed by the Borrower, the Administrative Agent, and the Required Lenders;

 

(ii) Guaranty.
Counterparts of the Guaranty executed by the Guarantors and the Administrative Agent;

 

(iii) Resolutions;
Incumbency; Good Standing.

 

(A) copies
of the resolutions of the board of directors (or other governing body) of the Borrower and each Guarantor authorizing the execution
and delivery of the Loan Documents (including this Agreement) to which the Borrower or such Guarantor is a party and the consummation
of the transactions contemplated hereby, certified as of the Agreement Signing Date by the Secretary or an Assistant Secretary
of the Borrower and each Guarantor;

 

(B) a
certificate of the Secretary or Assistant Secretary of the Borrower and each Guarantor certifying the names and true signatures
of the officers of the Borrower authorized to execute and deliver the Loan Documents and Notices of Borrowing to which such Person
is a party and other documents in connection herewith; and

 

(C) certificates
as of a recent date of the good standing of each Loan Party under the laws of the jurisdiction of incorporation, organization
or formation (or equivalent thereof), as applicable;

 

(iv) Organization
Documents. The Organization Documents of the Borrower and each Guarantor as in effect on the Agreement Signing Date, certified
by the Secretary or Assistant Secretary of the Borrower and each Guarantor as of the Agreement Signing Date; and

    	3

    	

    

(v) Legal Opinions.
Customary opinions of counsel to each Loan Party (other than any Loan Party formed or organized in the State of Wisconsin), in
form and substance satisfactory to the Administrative Agent and the Lenders (which such opinions shall expressly permit reliance
by successors and permitted assigns of the Administrative Agent and the Lenders).

 

3.02 Conditions
of Effectiveness. This Agreement is subject to the provisions of Section 11.01 of the Credit Agreement, and shall become
effective, when, and only when, each of the conditions set forth in Section 3.01 hereof and each of the following conditions
shall have been satisfied:

 

(a) Deliveries.
The Administrative Agent shall have received all of the following documents (in sufficient copies for each Consenting Lender),
each such document (unless otherwise specified) dated the Agreement Effective Date and, each in form and substance satisfactory
to the Administrative Agent:

 

(i) Solvency
Certificate. A certificate signed by the Chief Financial Officer of the Borrower certifying that the Borrower and its Subsidiaries,
taken as a whole (after giving effect to the Transactions and all Indebtedness contemplated hereby (including, without limitation,
the Loans to be made on the Agreement Effective Date)), are Solvent, substantially in the form of Exhibit G to the Credit
Agreement;

 

(ii) Officer’s
Certificate. A certificate executed by a Responsible Officer of the Borrower and each Guarantor, dated as of the Agreement
Effective Date, stating that:

 

(A) the
resolutions and Organization Documents delivered by the Loan Parties on the Agreement Signing Date pursuant to Section 3.01 remain in full force and effect on and as of the Agreement Effective Date without modification or amendment in any respect
except as attached to such certificate;

 

(B) the
representations and warranties of the Loan Parties contained in Sections 6.01, 6.02, 6.04, 6.08, 6.13,
6.20 and 6.21 of the Credit Agreement are accurate and complete in all respects on and as of such date, as though
made on and as of such date, except to the extent that such representations and warranties specifically refer to an earlier date,
in which case they are accurate and complete in all respects as of such earlier date;

 

(C) no
Event of Default or Unmatured Event of Default exists or would result from the effectiveness of this Agreement and the incurrence
of all Indebtedness contemplated hereby (including, without limitation, the Loans to be made on the Agreement Effective Date);
and

 

(D) since
December 28, 2014, no event or condition has occurred or could reasonably be expected to occur that, either individually

    	4

    	

    

or in the
aggregate, has resulted or could reasonably be expected to result in a Material Adverse Effect; and

 

(iii) Legal
Opinions. Customary opinions of local Wisconsin counsel to each Loan Party formed or organized in the State of Wisconsin,
in form and substance satisfactory to the Administrative Agent and the Lenders (which such opinions shall expressly permit reliance
by successors and permitted assigns of the Administrative Agent and the Lenders).

 

(iv) Notice.
A Notice of Borrowing as required under Section 2.03 of the Credit Agreement.

 

(b) Transactions.

 

(i) The
Borrower shall have delivered to the Administrative Agent true and complete copies of each instrument and agreement related to
the Transactions to which any Loan Party is a party, and any amendment, modification or supplement to any thereof, including,
without limitation, the Diamond Purchase Agreement and each agreement related to the Diamond Acquisition, which shall be in full
force and effect;

 

(ii) Evidence
that the Diamond Acquisition shall have been consummated simultaneously (or substantially simultaneously or concurrently) with
the effectiveness of this Agreement in accordance with the terms described in the Diamond Purchase Agreement; and

 

(iii) Evidence
that the “Closing Date” as defined in the New Credit Agreement and funding of the terms loans thereunder shall have
occurred simultaneously (or substantially simultaneously or concurrently) with the effectiveness of this Agreement in accordance
with the terms described in the New Credit Agreement.

 

(c) Costs and
Expenses. The Administrative Agent shall have received payment for the costs and expenses required to be reimbursed on or
before the Agreement Effective Date pursuant to Section 5.04 hereof.

 

(d) Consent Fee.
The Administrative Agent shall have received, for the ratable account of each Consenting Lender, a fee equal to 0.05% of such
Lender’s outstanding Commitments and outstanding Loans on the Agreement Effective Date.

 

Notwithstanding anything
to the contrary herein, if all conditions set forth in Sections 3.01 and 3.02 and the Agreement Effective Date have
not occurred on or prior to the “Outside Date” as defined in the Diamond Purchase Agreement), this Agreement shall
terminate.

 

ARTICLE
IV

REPRESENTATIONS AND WARRANTIES

 

In order to induce
the Lenders to enter into this Agreement, the Borrower hereby represents and warrants to the Administrative Agent and each Lender
for itself and each of its

    	5

    	

    

Subsidiaries that on
and as of the Agreement Effective Date after giving effect to this Agreement:

 

4.01 Due Authorization;
No Conflict. The execution and delivery by the Borrower of this Agreement and the performance by the Borrower of this Agreement
and the Credit Agreement have been duly authorized by all necessary corporate or other organizational action of the Borrower,
and do not and will not: (a) contravene the terms of the Borrower’s Organization Documents; (b) conflict with or result
in any breach or contravention of, or the creation of any Lien under, or require any payment to be made under (i) any document
evidencing any material Contractual Obligation to which the Borrower or any of its Subsidiaries is a party or (ii) any order,
injunction, writ or decree of any Governmental Authority to which the Borrower or any of its Subsidiaries or any of its or their
property is subject; or (c) violate any Requirement of Law.

 

4.02 Enforceability.
Each of this Agreement and the Credit Agreement constitute a legal, valid and binding obligation of the Borrower, enforceable
against the Borrower in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency
or similar laws affecting the enforcement of creditors’ rights generally or by equitable principles relating to enforceability.

 

4.03 Credit
Agreement Representations. The representations and warranties of the Borrower contained in Article VI of the Credit
Agreement are true and correct in all material respects (except, if such representation or warranty is qualified by materiality,
Material Adverse Effect or a similar concept applies, such representation or warranty is true and correct in all respects) on
and as of the Agreement Effective Date with the same effect as if made on and as of such Agreement Effective Date (except to the
extent such representations and warranties expressly refer to an earlier date, in which case they shall be true and correct in
all material respects (except, if such representation or warranty is qualified by materiality, Material Adverse Effect or a similar
concept applies, such representation or warranty is true and correct in all respects) as of such earlier date).

 

4.04 No Default.
 No Event of Default or Unmatured Event of Default has occurred and is continuing or resulted from the consummation of the
transactions contemplated by this Agreement.

 

ARTICLE
V

MISCELLANEOUS

 

5.01 Loan Document.
This Agreement is a Loan Document executed pursuant to the Credit Agreement and shall (unless otherwise expressly indicated
herein) be construed, administered and applied in accordance with the terms and provisions thereof.

 

5.02 Lender
Consent. For purposes of determining compliance with the conditions specified in Section 3.01, 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 hereunder to be consented to or approved by or acceptable or satisfactory to a Lender

    	6

    	

    

unless the Administrative
Agent shall have received notice from such Lender prior to the proposed Agreement Effective Date specifying its objection thereto.

 

5.03 Effect
of Agreement. (a) The Credit Agreement, as specifically amended or otherwise modified by this Agreement, is and shall continue
to be in full force and effect and is hereby in all respects ratified and confirmed.

 

(b) The execution,
delivery and effectiveness of this Agreement shall not, except as expressly provided herein, operate as a waiver of any right,
power or remedy of any Lender or the Administrative Agent under the Credit Agreement, nor constitute a waiver of any provision
of the Credit Agreement.

 

5.04 Costs and
Expenses. On the Agreement Effective Date, the Borrower agrees to pay all costs and expenses of the Administrative Agent in
connection with the preparation, execution and delivery of this Agreement and the other instruments and documents to be delivered
hereunder (including, without limitation, the reasonable fees and expenses of counsel for the Administrative Agent) in accordance
with the terms of Section 11.04 of the Credit Agreement which are invoiced to the Borrower on or prior to the Agreement
Effective Date.

 

5.05 Section
Captions. Section captions used in this Agreement are for convenience of reference only, and shall not affect the construction
of this Agreement.

 

5.06 Counterparts.
This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which shall
constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Agreement by telecopy
or other electronic means shall be effective as delivery of a manually executed counterpart of this Agreement.

 

5.07 Certain
Provisions. The provisions of Sections 11.14(b) and 11.15 of the Credit Agreement are hereby incorporated by
reference.

 

5.08 Governing
Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NORTH CAROLINA WITHOUT REGARD
TO THE CONFLICTS OR CHOICE OF LAW PRINCIPLES THEREOF; PROVIDED THAT THE PARTIES HERETO SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL
LAW. 

 

[Signature Page Follows]

    	7

    	

    

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

 

	BORROWER:	 
	 	 
	 	SNYDER’S-LANCE, INC.
	 	 	 	 
	 	By 	/s/ Rick D. Puckett
	 	Name:	Rick D. Puckett
	 	Title:	Executive Vice President, Chief Financial Officer and

 Chief Administrative Officer

 

Amendment No. 3 to Amended and Restated
Credit Agreement

    	 

    	

    

	 	BANK OF AMERICA, N.A., as the Administrative Agent
	 	 	 	 
	 	By	/s/ Bridgett J. Manduk Mowry
	 	Name: 	Bridgett J. Manduk Mowry
	 	Title:	Vice President
	 	 	 	 
	 	BANK OF AMERICA, N.A., as a Lender
	 	 	 	 
	 	By	/s/ J. Casey Cosgrove
	 	 	Name: 	J. Casey Cosgrove
	 	 	Title:	Director

 

Amendment No. 3 to Amended and Restated
Credit Agreement

    	 

    	

    

	 	MANUFACTURERS AND TRADERS TRUST COMPANY, as a Lender
	 	 	 	 
	 	By	/s/ Keith A. Mummert
	 	 	Name: 	Keith A. Mummert
	 	 	Title:	Vice President

 

Amendment No. 3 to Amended and Restated
Credit Agreement

    	 

    	

    

	 	COBANK, ACB, as a Lender
	 	 	 	 
	 	By	/s/ Natalya Rivkin
	 	 	Name: 	Natalya Rivkin
	 	 	Title:	Vice President

 

Amendment No. 3 to Amended and Restated
Credit Agreement

    	 

    	

    

	 	BRANCH BANKING AND TRUST COMPANY, as a Lender
	 	 	 	 
	 	By	/s/ Kenneth M. Blackwell
	 	 	Name: 	Kenneth M. Blackwell
	 	 	Title:	Senior Vice President

 

Amendment No. 3 to Amended and Restated
Credit Agreement

    	 

    	

    

	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender
	 	 	 	 
	 	By	/s/ Scott Santa Cruz
	 	 	Name: 	Scott Santa Cruz
	 	 	Title:	Managing Director

 

Amendment No. 3 to Amended and Restated
Credit Agreement

    	 

    	

    

	 	CITIZENS BANK OF PENNSYLVANIA, as a Lender
	 	 	 	 
	 	By	/s/ Edward A. Tosti
	 	 	Name: 	Edward A. Tosti
	 	 	Title:	Vice President

 

Amendment No. 3 to Amended and Restated
Credit Agreement

    	 

    	

    

	 	PNC BANK, NATIONAL ASSOCIATION, as a Lender
	 	 	 	 
	 	By	/s/ Jessica Sidhom
	 	 	Name: 	Jessica Sidhom
	 	 	Title:	Senior Vice President, Corporate Banking

 

Amendment No. 3 to Amended and Restated
Credit Agreement

    	 

    	

    

	 	TD BANK, N.A., as a Lender
	 	 	 	 
	 	By	/s/ Alan Garson
	 	 	Name: 	Alan Garson
	 	 	Title:	Senior Vice President

 

Amendment No. 3 to Amended and Restated
Credit Agreement

    	 

    	

    

	 	AGFIRST FARM CREDIT BANK
	 	 	 	 
	 	By	/s/ John Weathers
	 	 	Name: 	John Weathers
	 	 	Title:	AVP

 

Amendment No. 3 to Amended and Restated
Credit Agreement

    	 

    	

    

	 	AMERICAN AGCREDIT, FLCA
	 	 	 	 
	 	By	/s/ Bradley K. Leafgren
	 	 	Name: 	Bradley K. Leafgren
	 	 	Title:	Vice President

 

Amendment No. 3 to Amended and Restated
Credit Agreement

    	 

    	

    

	 	FARM CREDIT EAST, ACA
	 	 	 	 
	 	By	/s/ Scott Kenney
	 	 	Name: 	Scott Kenney
	 	 	Title:	Senior Vice President

 

Amendment No. 3 to Amended and Restated
Credit Agreement

    	 

    	

    

	 	FARM CREDIT WEST, FLCA
	 	 	 	 
	 	By	/s/ Robert Stornetta
	 	 	Name: 	Robert Stornetta
	 	 	Title:	Vice President

 

Amendment No. 3 to Amended and Restated
Credit Agreement

    	 

    	

    

	 	NORTHWEST FARM CREDIT SERVICES, FLCA
	 	 	 	 
	 	By	/s/ Jeremy A. Roewe
	 	 	Name: 	Jeremy A. Roewe
	 	 	Title:	Vice President

 

Amendment No. 3 to Amended and Restated
Credit Agreement

    	 

    	

    

Exhibit A

 

Amended and Restated
Credit Agreement

 

Attached.

 

Amendment No. 3 to Amended and Restated
Credit Agreement

    	 

    	

    

 

 

EXHIBIT A

 

Published CUSIP Number: 83355HAE9

Published Revolving Credit Facility CUSIP
Number: 83355HAF6

Published Five-Year Term Loan Facility CUSIP
Number: 83355HAG4

Published Ten-Year Term Loan Facility CUSIP
Number: 83355HAH2

 

AMENDED AND RESTATED CREDIT AGREEMENT

dated as of May 30, 2014, as amended by
Amendment No. 1, dated as of June 24, 2014

Amendment No. 2, dated as of December 4,
2014, and Amendment No. 3, dated as of December 16, 2015

 

among

 

 

SNYDER’S-LANCE, INC., 

as Borrower,

 

BANK OF AMERICA, N.A.,

as Administrative Agent and Issuing Lender,

 

and

 

The Other Lenders Party Hereto

 

MANUFACTURERS AND TRADERS TRUST COMPANY, 

as Syndication Agent 

for the Revolving Credit Facility and Five-Year
Term Loan Facility,

 

COBANK, ACB, 

as Syndication Agent 

for the Ten-Year Term Loan Facility,

 

branch
banking and trust company  

and 

wells
farGo bank, national association,

as Co-Documentation Agents,

 

MERRILL LYNCH, PIERCE, FENNER &
SMITH INCORPORATED,

and 

MANUFACTURERS AND TRADERS TRUST COMPANY, 

as Joint Lead Arrangers and Joint Bookrunners

for the Revolving Credit Facility and the
Five-Year Term Loan Facility,

 

MERRILL LYNCH, PIERCE, FENNER &
SMITH INCORPORATED,

and

COBANK, ACB,

as Joint Lead Arrangers and Joint Bookrunners

for the Ten-Year Term Loan Facility

 

 

 

			

    	 

    	

    

Table
of Contents

 

	 	 	 	Page
	 	 	 	 	 
	ARTICLE I.	 	DEFINITIONS	 	1
	1.01	 	Certain Defined Terms	 	1
	1.02	 	Other Interpretive Provisions	 	29
	1.03	 	Accounting Principles	 	30
	1.04	 	Accounting Adjustments	 	31
	1.05	 	Letter of Credit Amounts	 	31
	ARTICLE II.	 	THE COMMITMENTS AND CREDIT EXTENSIONS	 	31
	2.01	 	Borrowing of Revolving Loans and Term Loans	 	31
	2.02	 	Loan Accounts	 	32
	2.03	 	Procedure for Borrowings	 	32
	2.04	 	Conversion and Continuation Elections for Borrowings	 	33
	2.05	 	Voluntary Termination or Reduction of Revolving Loan Commitments	 	35
	2.06	 	Optional Prepayments	 	35
	2.07	 	Repayment of Loans	 	36
	2.08	 	Interest	 	36
	2.09	 	Fees	 	37
	2.10	 	Computation of Fees and Interest; Retroactive Adjustments of Applicable Margins	 	38
	2.11	 	Payments by the Borrower	 	38
	2.12	 	Payments by the Lenders to the Administrative Agent	 	40
	2.13	 	Sharing of Payments	 	40
	2.14	 	Increase in Aggregate Revolving Loan Commitment	 	41
	2.15	 	Cash Collateral	 	42
	2.16	 	Defaulting Lenders	 	44
	ARTICLE III.	 	THE LETTERS OF CREDIT	 	46
	3.01	 	The Letter of Credit Subfacility	 	46
	3.02	 	Issuance, Amendment and Renewal of Letters of Credit	 	48
	3.03	 	Risk Participations, Drawings and Reimbursements	 	50
	3.04	 	Repayment of Participations	 	52
	3.05	 	Role of the Issuing Lenders	 	52

    	-i-

    	

    

Table
of Contents 

(continued) 

 

	 	 	 	Page
	 	 	 	 	 
	3.06	 	Obligations Absolute	 	53
	3.07	 	Letter of Credit Fees	 	54
	3.08	 	Applicability of ISP; Limitation of Liability Applicability of ISP	 	55
	3.09	 	Conflict with L/C Related Documents	 	55
	ARTICLE IV.	 	TAXES, YIELD PROTECTION AND ILLEGALITY	 	56
	4.01	 	Taxes	 	56
	4.02	 	Illegality	 	57
	4.03	 	Increased Costs and Reduction of Return	 	58
	4.04	 	Funding Losses	 	59
	4.05	 	Inability to Determine Rates	 	59
	4.06	 	Certificates of Lenders	 	60
	4.07	 	Substitution of Lenders	 	60
	4.08	 	Survival	 	61
	ARTICLE V.	 	CONDITIONS PRECEDENT	 	61
	5.01	 	Conditions to Initial Credit Extensions	 	61
	5.02	 	Conditions to All Credit Extensions	 	63
	ARTICLE VI.	 	REPRESENTATIONS AND WARRANTIES	 	63
	6.01	 	Corporate Existence and Power	 	63
	6.02	 	Corporate Authorization; No Contravention	 	64
	6.03	 	Governmental Authorization	 	64
	6.04	 	Binding Effect	 	64
	6.05	 	Litigation	 	64
	6.06	 	No Default	 	65
	6.07	 	ERISA Compliance	 	65
	6.08	 	Use of Proceeds; Margin Regulations	 	65
	6.09	 	Title to Properties	 	66
	6.10	 	Taxes	 	66
	6.11	 	Financial Condition	 	66
	6.12	 	Environmental Matters	 	66
	6.13	 	Regulated Entities	 	67

    	-ii-

    	

    

Table
of Contents 

(continued)

 

	 	 	 	Page
	 	 	 	 	 
	6.14	 	No Burdensome Restrictions	 	67
	6.15	 	Copyrights, Patents, Trademarks and Licenses, etc	 	67
	6.16	 	Subsidiaries	 	67
	6.17	 	Insurance	 	67
	6.18	 	Swap Obligations	 	67
	6.19	 	Full Disclosure	 	67
	6.20	 	OFAC	 	67
	6.21	 	Anti-Corruption Laws	 	68
	ARTICLE VII.	 	AFFIRMATIVE COVENANTS	 	68
	7.01	 	Financial Statements	 	68
	7.02	 	Certificates; Other Information	 	69
	7.03	 	Notices	 	70
	7.04	 	Preservation of Corporate Existence, Etc	 	71
	7.05	 	Maintenance of Property	 	71
	7.06	 	Insurance	 	71
	7.07	 	Payment of Obligations	 	71
	7.08	 	Compliance with Laws	 	71
	7.09	 	Compliance with ERISA	 	71
	7.10	 	Inspection of Property and Books and Records	 	72
	7.11	 	Environmental Laws	 	72
	7.12	 	Use of Proceeds	 	72
	7.13	 	Additional Guarantors	 	72
	7.14	 	Anti-Corruption Laws	 	72
	ARTICLE VIII.	 	NEGATIVE COVENANTS	 	73
	8.01	 	Financial Condition Covenants	 	73
	8.02	 	Limitation on Liens	 	74
	8.03	 	Disposition of Assets	 	76
	8.04	 	Consolidations and Mergers	 	77
	8.05	 	Loans and Investments	 	77
	8.06	 	Limitation on Subsidiary Indebtedness	 	79

    	-iii-

    	

    

Table
of Contents 

(continued)

 

	 	 	 	Page
	 	 	 	 	 
	8.07	 	Transactions with Affiliates	 	79
	8.08	 	Use of Proceeds	 	79
	8.09	 	[Reserved]	 	79
	8.10	 	Restricted Payments	 	79
	8.11	 	ERISA	 	80
	8.12	 	Change in Business	 	80
	8.13	 	Accounting Changes	 	80
	8.14	 	Burdensome Agreements	 	80
	8.15	 	Sanctions	 	81
	8.16	 	Anti-Corruption Laws	 	81
	ARTICLE IX.	 	EVENTS OF DEFAULT	 	81
	9.01	 	Event of Default	 	81
	9.02	 	Remedies	 	83
	9.03	 	Rights Not Exclusive	 	84
	ARTICLE X.	 	THE ADMINISTRATIVE AGENT	 	84
	10.01	 	Appointment and Authorization	 	84
	10.02	 	Delegation of Duties	 	85
	10.03	 	Exculpatory Provisions	 	85
	10.04	 	Reliance by the Administrative Agent	 	86
	10.05	 	Notice of Default	 	87
	10.06	 	Credit Decision	 	87
	10.07	 	Agent in Individual Capacity	 	87
	10.08	 	Successor Agent	 	88
	10.09	 	Withholding Tax	 	89
	10.10	 	Other Agents	 	91
	10.11	 	Guaranty Matters	 	91
	ARTICLE XI.	 	MISCELLANEOUS	 	91
	11.01	 	Amendments and Waivers	 	91
	11.02	 	Notices; Effectiveness; Electronic Communications	 	93
	11.03	 	No Waiver; Cumulative Remedies	 	95

    	-iv-

    	

    

Table
of Contents 

(continued)

 

	 	 	 	Page
	 	 	 	 	 
	11.04	 	Expenses; Indemnity; Damage Waiver	 	95
	11.05	 	Payments Set Aside	 	97
	11.06	 	Successors and Assigns	 	97
	11.07	 	Treatment of Certain Information; Confidentiality	 	103
	11.08	 	Survival of Representations and Warranties	 	104
	11.09	 	Set-off	 	105
	11.10	 	Notification of Addresses, Lending Offices, Etc	 	105
	11.11	 	Counterparts; Integration; Effectiveness	 	105
	11.12	 	Severability	 	106
	11.13	 	No Third Parties Benefited	 	106
	11.14	 	Governing Law and Jurisdiction	 	106
	11.15	 	Waiver of Jury Trial	 	106
	11.16	 	No Advisory or Fiduciary Responsibility	 	107
	11.17	 	Electronic Execution of Assignments and Certain Other Documents	 	108
	11.18	 	USA PATRIOT Act Notice	 	108
	11.19	 	Judgment	 	108
	11.20	 	Entire Agreement	 	109
	11.21	 	Restatement of Existing Revolving Credit Agreement	 	109

    	-v-

    	

    

	SCHEDULES	 
	 	 
	Schedule 2.01	Commitments and Pro Rata Shares
	Schedule 2.07(a)	Amortization of Five-Year Term Loans
	Schedule 2.07(b)	Amortization of Ten-Year Term Loans
	Schedule 6.16	Subsidiaries of the Borrower
	Schedule 8.02	Permitted Liens
	Schedule 11.02	Eurodollar and Domestic Lending Offices, Addresses for Notices
	Schedule 11.06	Voting Participants
	 	 
	EXHIBITS	 
	 	 
	Exhibit A	Form of Notice of Borrowing
	Exhibit B	Form of Notice of Conversion/Continuation
	Exhibit C	Form of Compliance Certificate
	Exhibit D	Form of Assignment and Acceptance
	Exhibit E-1	Form of Revolving Loan Note
	Exhibit E-2	Form of Five-Year Term Loan Note
	Exhibit E-3	Form of Ten-Year Term Loan Note
	Exhibit F	Form of Guaranty
	Exhibit G	Form of Solvency Certificate

    	-vi-

    	

    

AMENDED AND RESTATED CREDIT AGREEMENT

 

This AMENDED AND RESTATED
CREDIT AGREEMENT is entered into as of May 30, 2014, among SNYDER’S-LANCE, INC., a North Carolina corporation (the “Borrower”),
the several financial institutions from time to time party to this Agreement (collectively the “Lenders”; individually
each a “Lender”) and BANK OF AMERICA, N.A., as letter of credit issuing lender and as administrative agent.

 

WITNESSETH:

 

WHEREAS, the Borrower,
Bank of America, N.A, as administrative agent and issuing lender, and the lenders party thereto (the “Existing Lenders”)
entered into that certain Credit Agreement dated as of December 7, 2010 (as amended, supplemented or otherwise modified prior
to the date hereof, the “Existing Revolving Credit Agreement”), pursuant to which the Existing Lenders have
made available to the Borrower a revolving credit facility with a letter of credit subfacility;

 

WHEREAS, the Borrower
has requested that the Lenders and the Administrative Agent (as hereinafter defined) amend and restate the Existing Revolving
Credit Agreement to, among other things, provide a five-year term loan facility and a ten-year term loan facility, and the Lenders
and the Administrative Agent are willing to amend and restate the Existing Revolving Credit Agreement in its entirety and each
Issuing Lender (as hereinafter defined) is willing to issue letters of credit, in each case, on the terms and subject to the conditions
set forth herein;

 

NOW, THEREFORE, in
consideration of the mutual agreements, provisions and covenants contained herein, the parties agree as follows:

 

ARTICLE
I. DEFINITIONS

 

1.01 Certain
Defined Terms.  The following terms have the following meanings:

 

“Acquired
EBITDA” means, with respect to any Person or division (or similar business unit) acquired by the Borrower in an Acquisition
during any Computation Period, the total of (a) the consolidated net income of such Person or division (or similar business unit)
for the period from the first day of such Computation Period to the date of such acquisition, plus (b) to the extent deducted
in determining such consolidated net income (and without duplication), interest expense (whether paid or accrued and including
imputed interest expense in respect of capital lease obligations), income taxes, depreciation and amortization, plus (c)
non-cash share based compensation expense and other non-cash expenses, losses and charges (other than those representing a reserve
for or actual cash item in any future period) for such period, minus (d) to the extent included in such consolidated net
income, any income tax refunds and minus (e) non-cash gains other than in the ordinary course of business, in each case
calculated on a basis consistent with the calculation of EBITDA and with pro forma adjustments.

 

“Acquisition”
means any transaction or series of related transactions for the purpose of or resulting, directly or indirectly, in (a) the acquisition
of all or substantially all of the assets of a Person, or of any business or division of a Person, (b) the acquisition of in excess
of 50% of the capital stock, partnership interests, membership interests or equity of any Person, or otherwise 

    	1

    	

    

causing any Person
to become a Subsidiary, or (c) a merger or consolidation or amalgamation or any other combination with another Person (other than
a Person that is a Subsidiary) with the Borrower or pursuant to which such other Person becomes a Subsidiary of the Borrower,
provided that the Borrower is the surviving entity or, in the case of an amalgamation, the resulting corporation has provided
an assumption agreement and all other assurances as the Administrative Agent may reasonably require.

 

“Administrative
Agent” means Bank of America in its capacity as agent for the Lenders hereunder, and any successor thereto in such capacity
arising under Section 10.08.

 

“Administrative
Agent’s Payment Office” means the address for payments set forth on Schedule 11.02 or such other address
as the Administrative Agent may from time to time specify.

 

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

 

“Affiliate”
means, as to any Person, any other Person which, directly or indirectly, is in control of, is controlled by, or is under common
control with such Person. A Person shall be deemed to control another Person if the controlling Person possesses, directly or
indirectly, the power to direct or cause the direction of the management and policies of the other Person, whether through the
ownership of voting securities or membership interests, by contract or otherwise.

 

“Agent-Related
Persons” means Bank of America and any successor to Bank of America as Administrative Agent arising under Section
10.08 and any successor to Bank of America as an Issuing Lender hereunder, together with its Related Parties.

 

“Aggregate
Revolving Loan Commitment” means at any time an amount equal to the aggregate amount of the Revolving Loan Commitments
of all Lenders. The initial amount of the Aggregate Revolving Loan Commitment is $375,000,000.

 

“Agreement”
means this Amended and Restated Credit Agreement, as amended, restated, supplemented or otherwise modified from time to time.

 

“Amendment
No. 3” means that certain Amendment No. 3 to Amended and Restated Credit Agreement, dated as of December 16, 2015, among
the Borrower, the Lenders party thereto and the Administrative Agent.

 

“Amendment
No. 3 Effective Date” means the Amendment Effective Date (as such term is defined in Amendment No. 3).

 

“Amendment
No. 3 Signing Date” means December 16, 2015.

 

“Applicable
Law” means, with reference to any Person, all laws (foreign or domestic), ordinances and treaties and all judgments,
decrees, injunctions, writs and orders of any court, arbitrator or Governmental Authority, and all rules and regulations of any
Governmental Authority applicable to such Person.

    	2

    	

    

“Applicable
Margin” means the applicable rate per annum set forth in the table below opposite the applicable Total Net Debt to EBITDA
Ratio:

 

	 	 	 	Applicable Margin 

for Eurodollar Rate

 Loans	 	 	 	Applicable Margin 

for Base Rate 

Loans	 	 	 	 	L/C 

Fee 

Rate
	Total Net Debt / 

EBITDA Ratio	 	 	Revolving

 Credit

 Facility	 	 	Five-

Year

 Term

 Loan
 Facility	 	 	Ten-

Year

 Term

 Loan
 Facility	 	 	Revolving

 Credit

 Facility	 	 	Five-

Year

 Term

 Loan
 Facility	 	 	Ten-

Year

 Term

 Loan
 Facility	 	 
	Less
    than or equal to 1.25 to 1	 	 	0.795	%	 	 	0.875	%	 	 	1.250	%	 	 	0.000	%	 	 	0.000	%	 	 	0.375	%	 	 	0.795	%
	Greater than
    1.25 to 1 but less than or equal to 1.50 to 1	 	 	0.900	%	 	 	1.000	%	 	 	1.375	%	 	 	0.000	%	 	 	0.000	%	 	 	0.375	%	 	 	0.900	%
	Greater than
    1.50 to 1 but less than or equal to 2.00 to 1	 	 	1.000	%	 	 	1.125	%	 	 	1.500	%	 	 	0.000	%	 	 	0.125	%	 	 	0.500	%	 	 	1.000	%
	Greater than
    2.00 to 1 but less than or equal to 2.75 to 1	 	 	1.100	%	 	 	1.250	%	 	 	1.625	%	 	 	0.100	%	 	 	0.250	%	 	 	0.625	%	 	 	1.100	%
	Greater than
    2.75 to 1 but less than or equal to 3.50 to 1	 	 	1.300	%	 	 	1.500	%	 	 	1.875	%	 	 	0.300	%	 	 	0.500	%	 	 	0.875	%	 	 	1.300	%
	Greater than
    3.50 to 1	 	 	1.450	%	 	 	1.700	%	 	 	2.075	%	 	 	0.450	%	 	 	0.700	%	 	 	1.075	%	 	 	1.450	%

 

Initially, the Applicable
Margin for the Eurodollar Rate Loans, the Base Rate Loans, and the L/C Fee Rate shall be based on the Total Net Debt to EBITDA
Ratio shown in the closing certificate delivered by the Borrower pursuant to subsection 5.01(e). The Applicable Margin
shall be adjusted, to the extent applicable, 46 days (or, in the case of the last fiscal quarter of any year, 101 days) after
the end of each fiscal quarter (or, if earlier, 10 days following delivery by the Borrower of the financial statements required
by subsection 7.01(a) or 7.01(b), as applicable, and the related Compliance Certificate required by subsection
7.02(a) for such fiscal quarter), based on the Total Net Debt to EBITDA Ratio as of the last day of such fiscal quarter; it
being understood that if the Borrower fails to deliver the financial statements required by subsection 7.01(a) or 7.01(b),
as applicable, and the related Compliance Certificate required by subsection 7.02(a) by the 46th day (or, if applicable,
the 101st day) after any fiscal quarter, Applicable Margin shall be (a) 1.450% for the L/C Fee Rate, (b) 1.450% for Eurodollar
Rate Loans and 0.450% for Base Rate Loans under the Revolving Credit Facility, (c) 1.700% for Eurodollar Rate Loans and 0.700%
for Base Rate Loans under the Five-Year Term Loan Facility and (d) 2.075% for Eurodollar Rate Loans and 1.075% for Base Rate Loans
under the Ten-Year Term Loan Facility, until such financial statements and Compliance Certificate are delivered.

 

“Appropriate
Lender” means, at any time, (a) with respect to any of the Revolving Credit Facility, the Five-Year Term Loan Facility
or the Ten-Year Term Loan Facility, a Lender that has a Commitment with respect to such Senior Credit Facility or holds a Revolving
Loan, a Five-

    	3

    	

    

Year Term Loan, a Ten-Year Term Loan, respectively, at such time and (b) with respect to the L/C Commitment, (i)
the Issuing Lenders and (ii) if any Letters of Credit have been issued pursuant to Article III, the Revolving Loan Lenders.

 

“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.

 

“Assignee
Group” means two or more Eligible Assignees that are Affiliates of one another or two or more Approved Funds managed
by the same investment advisor.

 

“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 subsection 11.06(b)), and accepted by the Administrative Agent, in substantially
the form of Exhibit D or any other form (including electronic documentation generated by use of an electronic platform)
approved by the Administrative Agent.

 

“Attorney
Costs” means and includes all reasonable fees and disbursements of any law firm or other external counsel, provided
that all attorneys’ fees shall be determined without regard to any statutory presumption based on the standard hourly rates
for such attorneys and the actual hours expended.

 

“Auto-Extension
Letter of Credit” has the meaning specified in Section 3.02.

 

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

 

“Bankruptcy
Code” means the Federal Bankruptcy Reform Act of 1978 (11 U.S.C. §101, et seq.).

 

“Base Rate”
means for any day a fluctuating rate 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 one-month Eurodollar Rate plus 1.00%. 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 the 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.

 

“Borrower”
has the meaning specified in the preamble to this Agreement.

 

“Borrower
Materials” has the meaning specified in Section 7.02.

 

“Borrowing”
means a Revolving Loan Borrowing or a Term Loan Borrowing, as the context may require.

    	4

    	

    

“Borrowing
Date” means any date on which a Borrowing occurs under Section 2.03.

 

“Business
Day” means any day other than a Saturday, Sunday or other day on which commercial banks in Charlotte, North Carolina
or New York, New York are authorized or required by law to close and, if the applicable Business Day relates to any Eurodollar
Rate Loan, means such a day that is also a London Banking Day.

 

“Capital Adequacy
Regulation” means any guideline, request or directive of any central bank or other relevant Governmental Authority,
or any other law, rule or regulation, whether or not having the force of law, in each case, regarding capital adequacy or liquidity
requirements of any bank or of any corporation controlling a bank.

 

“Cash Collateralize”
means to pledge and deposit with or deliver to the Administrative Agent, for the benefit of one or more of the Issuing Lenders
or the Revolving Loan Lenders, as collateral for the L/C Obligations or obligations of the Revolving Loan Lenders to fund participations
in respect of L/C Obligations (if and when required pursuant to Section 2.15 or 9.02)), cash or deposit account
balances or, if the Administrative Agent and the applicable Issuing Lender shall agree in their sole discretion, other credit
support, in each case pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent and
the applicable Issuing Lender. Derivatives of such term shall have corresponding meanings and shall include the proceeds of such
cash collateral and other credit support.

 

“Cash Equivalent
Investments” means:

 

(a) direct
obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United States (or
by any agency 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 maturing within 270 days from the date of acquisition thereof and rated, at such date of acquisition, at least
“Prime-2” (or the then equivalent grade) by Moody’s or at least “A-2” (or the then equivalent grade)
by S&P;

 

(c) investments
in certificates of deposit, banker’s acceptances and time deposits maturing within 180 days from the date of acquisition
thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, any domestic office of
any Lender that has a long-term debt rating of at least A- by S&P or A3 by Moody’s; and

 

(d) money
market funds at least 95% of the assets of which constitute Cash Equivalent Investments of the kinds described in clauses (a)
through (c) above.

 

“Change of
Control” means any of the following events:

 

(a) any
Person or group (within the meaning of Rule 13d-5 of the SEC under the Securities Exchange Act of 1934 as in effect on the date
hereof) (other than the Warehime’s Stockholder Group) shall become the Beneficial Owner (as defined in Rule 13d-3 of the
SEC under the Securities Exchange Act of 1934 as in effect on the date

    	5

    	

    

 hereof) of 35% or more of the capital stock or other equity
interests of the Borrower the holders of which are entitled under ordinary circumstances (irrespective of whether at the time
the holders of such stock or other equity interests shall have or might have voting power by reason of the happening of any contingency)
to vote for the election of the directors of the Borrower; or

 

(b) during
any period of 12 consecutive months, a majority of the members of the board of directors or other equivalent governing body of
the Borrower cease to be composed of individuals, either (i) who were members of that board or equivalent governing body on the
first day of such period, (ii) whose election, nomination, appointment or approval for consideration by the shareholders for election
to that board or equivalent governing body was approved by individuals referred to in clause (i) above or (iii) whose election
or nomination to that board or other equivalent governing body was approved by individuals referred to in clauses (i) and
(ii) above.

 

“Class”
means (a) when used with respect to Lenders, refers to whether such Lenders are Lenders under the Revolving Credit Facility or
Lenders holding a portion of a Class of Term Loans, (b) when used with respect to Commitments, refers to whether such Commitments
are Revolving Loan Commitments or Commitments with respect to a particular Class of Term Loans and (c) when used with respect
to Loans or a Borrowing, refers to whether such Loans, or the Loans comprising such Borrowing, are Loans under the Revolving Credit
Facility, Five-Year Term Loans or Ten-Year Term Loans (with the same economic terms and amortization schedule).

 

“Closing Date”
means the first date all the conditions precedent in Section 5.01 are satisfied or waived in accordance with Section
11.01.

 

“Code”
means the U.S. Internal Revenue Code of 1986, and regulations promulgated thereunder.

 

“Commitment”
means as to each Lender, its Revolving Loan Commitment and Term Loan Commitment.

 

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

 

“Computation
Period” means any period of four consecutive fiscal quarters ending on the last day of a fiscal quarter.

 

“Contingent
Obligation” means, as to any Person, without duplication, any direct or indirect liability of such Person, whether or
not contingent, with or without recourse, (a) with respect to any Indebtedness, lease, dividend, letter of credit or other obligation
(the “primary obligations”) of another Person (the “primary obligor”), including any obligation of such
Person (i) to purchase, repurchase or otherwise acquire such primary obligations or any security therefor, (ii) to advance or
provide funds for the payment or discharge of any such primary obligation, or to maintain working capital or equity capital of
the primary obligor or otherwise to maintain the net worth or solvency or any balance sheet item, level of income or financial
condition of the primary obligor, (iii) to purchase property, securities or services primarily for the purpose of assuring the
owner of any such primary obligation of the ability of the primary 

    	6

    	

    

obligor to make payment of such primary obligation, or (iv)
otherwise to assure or hold harmless the holder of any such primary obligation against loss in respect thereof (each a “Guaranty
Obligation”); (b) with respect to any Surety Instrument issued for the account of such Person or as to which such Person
is otherwise liable for reimbursement of drawings or payments; or (c) in respect of any Swap Contract. The amount of any Contingent
Obligation shall (a) in the case of Guaranty Obligations, be deemed equal to the lesser of (x) the stated or determinable amount
of the primary obligation in respect of which such Guaranty Obligation is made, or (y) the maximum amount for which such Person
may be liable pursuant to the terms of the instrument embodying such Guaranty Obligation or, if not stated or if indeterminable,
the maximum reasonably anticipated liability in respect thereof, and (b) in the case of other Contingent Obligations, be equal
to the maximum reasonably anticipated liability in respect thereof.

 

“Contractual
Obligation” means, as to any Person, any provision of any security issued by such Person or of any agreement, undertaking,
contract, indenture, mortgage, deed of trust or other document to which such Person is a party or by which it or any of its property
is bound.

 

“Conversion/Continuation
Date” means any date on which, under Section 2.04, the Borrower (a) converts Loans of one Type to the other Type
or (b) continues Eurodollar Rate Loans for a new Interest Period.

 

“Credit Extension”
means and includes (a) the making of any Loan hereunder and (b) the Issuance of any Letter of Credit hereunder.

 

“Defaulting
Lender” means, subject to subsection 2.16(b), any Lender that (a) has failed to (i) fund any portion of its Loans
or participations in L/C Obligations required to be funded by it hereunder within two Business Days of the date such Loans or
participations were required to be funded by it 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 applicable Issuing Lender or any other Lender any other amount
required to be paid by it hereunder (including in respect of its participations in Letters of Credit) within two Business Days
of the date when due, (b) has notified the Borrower, the Administrative Agent or the applicable Issuing 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 or participation in L/C Obligations 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)
been deemed insolvent or become the subject of a bankruptcy or insolvency proceeding or (ii) had appointed for it a receiver,
custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged 

    	7

    	

    

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; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership
or acquisition of any equity interest in such 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 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 subsection 2.16(b)) 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 Issuing Lenders
and each other Lender.

 

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

 

“Diamond Acquisition”
means the Acquisition by the Borrower of all the issued and outstanding securities of Diamond Foods, pursuant to the Diamond Purchase
Agreement.

 

“Diamond Companies”
means Diamond Foods, Inc. and its subsidiaries.

 

“Diamond Foods”
means Diamond Foods, Inc., a Delaware corporation.

 

“Diamond Purchase
Agreement” means that certain Agreement and Plan of Merger and Reorganization dated as of October 27, 2015 among the
Borrower, Shark Acquisition Sub I, Inc., Shark Acquisition Sub II, LLC and Diamond Foods, as in effect on the Amendment No. 3
Signing Date.

 

“Disposed
EBITDA” means, with respect to any Person or division (or similar business unit) sold or otherwise disposed of by the
Borrower during any Computation Period, the total of (a) the consolidated net income of such Person or division (or similar business
unit) sold or otherwise disposed of by the Borrower for the period from the first day of such Computation Period to the date of
such sale or other disposition, plus (b) to the extent deducted in determining such consolidated net income (and without
duplication), interest expense (whether paid or accrued and including imputed interest expense in respect of capital lease obligations),
income taxes, depreciation and amortization minus (c) to the extent included in such consolidated net income, any income
tax refunds, in each case calculated on a basis consistent with the calculation of EBITDA and with pro forma adjustments.

 

“Dollar”,
“dollar” and “$” each means lawful money of the United States.

 

“Domestic
Subsidiary” means any Subsidiary that is organized under the laws of any political subdivision of the United States.

    	8

    	

    

“EBIT”
means, for any Computation Period, the Borrower’s consolidated net income for such period, plus, to the extent deducted
in determining such consolidated net income, Interest Expense and income taxes, minus, to the extent included in determining such
earnings, any income tax refunds.

 

“EBITDA”
means, without duplication, for any Computation Period, the consolidated net income of the Borrower and its Subsidiaries for such
period:

 

plus (a) to
the extent deducted in determining such earnings, the sum of:

 

(i)  Interest Expense,
income taxes, depreciation and amortization of the Borrower and its Subsidiaries for such period;

 

(ii)  non-cash share
based compensation expense and other non-cash expenses, losses or charges (other than those representing a reserve for or actual
cash item in any future period) incurred by the Borrower and its Subsidiaries during such period;

 

(iii)  costs, fees,
expenses or premiums paid by the Borrower or its Subsidiaries during such period in connection with (A) the Diamond Acquisition
or any Acquisition occurring prior to the Amendment No. 3 Signing Date, (B) the Refinancing, (C) any Acquisition permitted hereunder,
(D) the Existing Credit Agreement, (E) amendments, waivers or modifications of the Loan Documents or the Existing Credit Agreement,
or (F) any increase in value to the pre-acquisition historical amounts of accounts receivables, inventories or any other current
assets (a “write-up”), in each case to the extent that such write-up is required by GAAP and occurs as a result of
an Acquisition;

 

(iv)  any Acquired
EBITDA;

 

(v)  fees and expenses,
including Restructuring Costs, incurred by the Borrower or its Subsidiaries during such period in connection with any disposition
giving rise to Disposed EBITDA;

 

(vi) Integration
Costs paid in cash by the Borrower and its Subsidiaries during such period;

 

minus, (b) to
the extent included in determining such earnings, the sum of:

 

(i) any income tax
refunds of the Borrower and its Subsidiaries during such period;

 

(ii) any Disposed
EBITDA; and

 

(iii) non-recurring
gains of the Borrower and its Subsidiaries increasing such earnings in such period.

 

“Effective
Amount” means, with respect to any outstanding L/C Obligations on any date, the amount of such L/C Obligations on such
date after giving effect to any Issuances of Letters of Credit occurring on such date, any other changes in the aggregate amount
of the L/C Obligations as of such date, including as a result of any reimbursements of outstanding unpaid 

    	9

    	

    

drawings under any Letter
of Credit or any reduction in the maximum amount available for drawing under Letters of Credit taking effect on such date.

 

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

 

“Environmental
Claims” means all claims, however asserted, by any Governmental Authority or other Person alleging potential liability
or responsibility for violation of any Environmental Law, or for release of Hazardous Materials or injury to the environment.

 

“Environmental
Laws” means all federal, state, local or foreign laws, statutes, rules, regulations, ordinances and codes, together
with all administrative orders, directed duties, licenses, restrictions, authorizations and permits of, and agreements with, any
Governmental Authorities, in each case relating to environmental and human health matters.

 

“ERISA”
means the U.S. Employee Retirement Income Security Act of 1974, and the regulations promulgated thereunder.

 

“ERISA Affiliate”
means any trade or business (whether or not incorporated) under common control with the Borrower within the meaning of Section
414(b) or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code).

 

“ERISA Event”
means (a) a Reportable Event with respect to a Pension Plan; (b) the withdrawal of the Borrower or any ERISA Affiliate from a
Pension Plan subject to Section 4063 of ERISA during a plan year in which such entity was a “substantial employer”
as defined in Section 4001(a)(2) of ERISA or a cessation of operations of the Borrower or any ERISA Affiliate that is treated
as such a withdrawal under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by the Borrower or any ERISA Affiliate
from a Multiemployer Plan or notification that a Multiemployer Plan is in reorganization or is being terminated; (d) the filing
of a notice of intent to terminate, the treatment of a Pension Plan amendment as a termination under Section 4041 of ERISA, or
the commencement of proceedings by the PBGC to terminate a Pension Plan or notification of the filing of an intent to terminate,
the treatment of a Multiemployer Plan amendment as a termination under Section 4014A of ERISA or the commencement of proceedings
by the PBGC to terminate a Multiemployer Plan; (e) notice of an event or condition which would reasonably be expected to constitute
grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan or
Multiemployer Plan; (f) notice of the determination, or with respect to a Multiemployer Plan, knowledge of a determination that
any Pension Plan or Multiemployer Plan is considered an at risk plan or a plan in endangered or critical status within the meaning
of Sections 430, 431 and 432 of the Code or Sections 303, 304 and 305 of ERISA; or (g) the imposition of any liability under Title
IV of ERISA, other than PBGC premiums due but not delinquent under Section 4007 of ERISA, upon the Borrower or any ERISA Affiliate,
but only if the event or condition described in clauses (a) though(g) would reasonably be expected to result in a liability to
the Borrower or any ERISA Affiliate.

    	10

    	

    

“Eurodollar
Base Rate” means,

 

(a) for any Interest
Period, the rate per annum equal to the London Interbank Offered Rate (“LIBOR”) (or a comparable or successor
rate, which rate is approved by the Administrative Agent), as published by Bloomberg (or other commercially available source providing
such quotations of such rate as 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 Dollar deposits with a term of one month commencing that day; and

 

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

 

provided that
to the extent a comparable or successor rate is approved by the Administrative Agent in connection herewith, the approved rate
shall be applied in a manner consistent with market practice; provided, further that to the extent such market practice
is not administratively feasible for the Administrative Agent, such approved rate shall be applied in a manner as otherwise reasonably
determined by the Administrative Agent after consultation with the Borrower.

 

“Eurodollar
Rate” means for any Interest Period with respect to a Eurodollar Rate Loan, a rate per annum determined by the Administrative
Agent pursuant to the following formula:

 

	Eurodollar
    Rate =	Eurodollar Base Rate
	1.00
    – Eurodollar Reserve Percentage

 

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

 

“Eurodollar
Reserve Percentage” means, for any day during any Interest Period, the reserve percentage (expressed as a decimal, carried
out to five decimal places) in effect on such day, whether or not applicable to any Lender, under regulations issued from time
to time by the FRB for determining the maximum reserve requirement (including any emergency, supplemental or other marginal reserve
requirement) with respect to Eurocurrency funding (currently referred to as “Eurocurrency liabilities”). The Eurodollar
Rate for each outstanding Eurodollar Rate Loan shall be adjusted automatically as of the effective date of any change in the Eurodollar
Reserve Percentage.

 

“Event of
Default” means any of the events or circumstances specified in Section 9.01.

 

“Excluded
Subsidiary” means any Domestic Subsidiary of the Borrower that is a Wholly-Owned Subsidiary that does not guarantee
the Obligations; provided that all Excluded Subsidiaries, taken as a whole, do not at any time account for more than either
(x) 10% of the total assets (determined on a net book value basis) of the Borrower and its Domestic Subsidiaries that are a Wholly-Owned
Subsidiaries taken as a whole or (y) 10% of the net revenue 

    	11

    	

    

(determined as of the end of the most recently ended four fiscal quarter
period) of the Borrower and its Domestic Subsidiaries that are a Wholly-Owned Subsidiaries on a consolidated basis.

 

“Excluded
Taxes” means any of the following taxes imposed on or with respect to a Lender or the Administrative Agent or required
to be withheld or deducted from a payment to a Lender or the Administrative Agent, (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 the Administrative
Agent or such Lender being organized under the laws of, or having its principal office or, in the case of any Lender, its applicable
lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection
Taxes, (b) in the case of a Lender, U.S. federal withholding taxes imposed on amounts payable to or for the account of such Lender
with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (i) such Lender
acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower under Section
4.07) or (ii) such Lender changes its lending office, except in each case to the extent that, pursuant to Section 4.01,
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 10.09 and (d) any U.S. federal withholding taxes imposed under FATCA.

 

“Existing
Revolving Credit Agreement” has the meaning specified in the recitals to this Agreement.

 

“Existing
Term Loan Credit Agreement” means the Term Loan Credit Agreement dated as of September 26, 2012, among the Borrower,
the lenders party thereto and Bank of America, N.A., as administrative agent, amended by Amendment No. 1 dated October 1, 2012.

 

“Facility
Fee Rate” means the rate per annum set forth in the table below opposite the applicable Total Net Debt to EBITDA Ratio:

 

	Total Net Debt to EBITDA Ratio	 	Facility Fee Rate
	Less than or equal to 1.25 to 1	 	0.080	%
	Greater than 1.25 to 1 but less than or equal to 1.50 to 1	 	0.100	%
	Greater than 1.50 to 1 but less than or equal to 2.00 to 1	 	0.125	%
	Greater than 2.00 to 1 but less than or equal to 2.75 to 1	 	0.150	%
	Greater than 2.75 to 1 but less than or equal to 3.50 to 1	 	0.200	%
	Greater than 3.50 to 1	 	0.250	%

 

Initially, the Facility
Fee Rate shall be based on the Total Net Debt to EBITDA Ratio shown in the closing certificate delivered by the Borrower pursuant
to subsection 5.01(e). The Facility Fee Rate shall be adjusted, to the extent applicable, 46 days (or, in the case of the
last fiscal quarter of any year, 101 days) after the end of each fiscal quarter (or, if earlier, 10 days following delivery by
the Borrower of the financial statements required by subsection 7.01(a) or 7.01(b), as applicable, and the related
Compliance Certificate required by subsection 7.02(a) for 

    	12

    	

    

such fiscal quarter), based on the Total Net Debt to EBITDA Ratio
as of the last day of such fiscal quarter; it being understood that if the Borrower fails to deliver the financial statements
required by subsection 7.01(a) or 7.01(b), as applicable, and the related Compliance Certificate required by subsection
7.02(a) by the 46th day (or, if applicable, the 101st day) after any fiscal quarter, the Facility Fee Rate shall be 0.250%
until such financial statements and Compliance Certificate are delivered.

 

“Farm Credit
Lender” means a federally-chartered Farm Credit System lending institution organized under the Farm Credit Act of 1971,
as the same may be amended or supplemented from time to time.

 

“FATCA”
means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively
comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof
and any agreements entered into pursuant to Section 1471(b)(1) of the 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, and (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; provided, however, that if the Federal Funds Rate shall be less than zero, such rate shall be deemed
zero for purposes of this Agreement.

 

“Fee Letters”
has the meaning specified in subsection 2.09(a).

 

“Five-Year
Term Loan” has the meaning specified in subsection 2.01(b).

 

“Five-Year
Term Loan Commitment” means, as to each Lender, its obligation to make Five-Year Term Loans to the Borrower on the Closing
Date pursuant to subsection 2.01(b) in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s
name on Schedule 2.01 under the caption “Five-Year Term Loan Commitment” or opposite such caption in the Assignment
and Assumption 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.

 

“Five-Year
Term Loan Facility” means (a) prior to the Closing Date, the Five-Year Term Loan Commitments and (b) on and after the
Closing Date, the five-year term loan facility provided in this Agreement in the aggregate principal amount of the Five-Year Term
Loans of all Lenders outstanding at such time. The aggregate principal amount of the Five-Year Term Loan Facility as of the Closing
Date is $150,000,000.

    	13

    	

    

“Five-Year
Term Loan Facility Termination Date” means the earlier of (i) May 30, 2019 and (ii) the date of the prepayment of all
Five-Year Term Loans; provided, however that if such date is not a Business Day, the Five-Year Term Loan Facility
Termination Date shall be the preceding Business Day.

 

“Five-Year
Term Loan Lender” means, as of any date of determination, a Lender having a Five-Year Term Loan Commitment or holding
a Five-Year Term Loan.

 

“Five-Year
Term Loan Note” means a promissory note executed by the Borrower in favor of a Lender evidencing the Five-Year Term
Loans made by such Lender to the Borrower, in substantially the form of Exhibit E-2.

 

“Foreign Lender”
means any Lender that is organized under the laws of a jurisdiction other than that in which the Borrower is resident for tax
purposes. For purposes of this definition, the United States, each State thereof and the District of Columbia shall be deemed
to constitute a single jurisdiction.

 

“FRB”
means the Board of Governors of the Federal Reserve System, and any Governmental Authority succeeding to any of its principal
functions.

 

“Fronting
Exposure” means, at any time there is a Defaulting Lender, such Defaulting Lender’s Pro Rata Share 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 Revolving Loan Lenders or Cash Collateralized 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.

 

“Further Taxes”
means any and all present or future taxes, levies, assessments, imposts, duties, deductions, fees, withholdings or similar charges
(including net income taxes and franchise taxes), and all liabilities with respect thereto, imposed by any jurisdiction on account
of amounts payable or paid pursuant to Section 4.01.

 

“GAAP”
means generally accepted accounting principles 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 U.S. accounting
profession), which are applicable to the circumstances as of the date of determination.

 

“Governmental
Authority” means any applicable nation or government, any state, provincial or other political subdivision thereof,
any central bank (or similar monetary or regulatory authority) thereof, any entity exercising executive, legislative, judicial,
taxing, regulatory or administrative functions of or pertaining to government (including any supra-national bodies such as the
European Union or the European Central Bank).

    	14

    	

    

“Guarantor”
means, collectively, all existing and future, direct and indirect, Domestic Subsidiaries of the Borrower that are Wholly-Owned
Subsidiaries (other than any Excluded Subsidiary).

 

“Guaranty”
means, the Guaranty made by the Guarantors in favor of the Administrative Agent and the Lenders, substantially in the form of
Exhibit F.

 

“Guaranty
Obligation” has the meaning specified in the definition of Contingent Obligation.

 

“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 Environmental
Law.

 

“Honor Date”
has the meaning specified in subsection 3.03(b).

 

“IBO Guaranty
Obligation” means the Borrower’s guarantee of the loans made to Independent Business Owners by third party financial
institutions (that may or may not also be Lenders under this Agreement) for the purchase of route businesses or trucks.

 

“Impacted
Loans” has the meaning specified in Section 4.05.

 

“Increase
Effective Date” has the meaning specified in subsection 2.14(b).

 

“Incremental
Agreement” means an agreement in form and substance reasonably satisfactory to the Administrative Agent and executed
by the Borrower, the Administrative Agent and the applicable Incremental Revolving Loan Lenders to effectuate an Incremental Loan
Commitment in connection with Section 2.14.

 

“Incremental
Loan Commitment” has the meaning specified in subsection 2.14(d).

 

“Incremental
Revolving Loan Lenders” has the meaning specified in subsection 2.14(d).

 

“Indebtedness”
of any Person means, without duplication, (a) all indebtedness of such Person for borrowed money; (b) all obligations issued,
undertaken or assumed by such Person as the deferred purchase price of property or services (other than trade payables and similar
current liabilities entered into in the ordinary course of business on ordinary terms including Borrower credit card debt); (c)
all reimbursement or payment obligations of such Person with respect to Surety Instruments; (d) all obligations of such Person
evidenced by notes, bonds, debentures or similar instruments; (e) all indebtedness of such Person created or arising under any
conditional sale or other title retention agreement, or incurred as financing, in either case with respect to property acquired
by such Person (even though the rights and remedies of the seller or lender under such agreement in the event of default are limited
to repossession or sale of such property); (f) all obligations of such Person with respect to capital leases which should be recorded
on a balance sheet of such Person in accordance with GAAP; (g) all indebtedness of the types referred to in clauses (a)
through (f) above secured by (or for which the holder of such indebtedness has 

    	15

    	

    

an existing right, contingent or otherwise,
to be secured by) any Lien upon or in property (including accounts and contracts rights) owned by such Person, even though such
Person has not assumed or become liable for the payment of such Indebtedness, provided that the amount of any such Indebtedness
shall be deemed to be the lesser of the face principal amount thereof and the fair market value of the property subject to such
Lien; and (h) all Guaranty Obligations of such Person in respect of indebtedness or obligations of others. For all purposes of
this Agreement, the Indebtedness of any Person shall include all Indebtedness of any partnership or joint venture in which such
Person is a general partner or a joint venturer to the extent of such Person’s liability therefor; provided that
to the extent that any such indebtedness is expressly non-recourse to such Person it shall not be included as Indebtedness.

 

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

 

“Independent
Auditor” has the meaning specified in subsection 7.01(a).

 

“Independent
Business Owners” means any Persons that purchase a distribution route(s) from a Subsidiary of the Borrower that is engaged
in snack food distribution, and then enter into a distribution agreement with such Subsidiary for the purpose of defining the
relationship of the parties.

 

“Information”
has the meaning specified in Section 11.07.

 

“Insolvency
Proceeding” means, with respect to any Person, (a) any case, action or proceeding with respect to such Person before
any court or other Governmental Authority relating to bankruptcy, reorganization, insolvency, liquidation, receivership, dissolution,
winding-up or relief of debtors or (b) any general assignment for the benefit of creditors, composition, marshaling of assets
for creditors, or other, similar arrangement in respect of its creditors generally or any substantial portion of its creditors;
in each case undertaken under any Applicable Law, including the Bankruptcy Code.

 

“Integration
Costs” means, without duplication, those costs and expenses composed of (i) severance, retention and compensation payments,
(ii) employee relocation expenses, (iii) moving and relocation costs and expenses for files, equipment, inventory and other assets,
(iv) payments made in connection with consents obtained for the assignment of contracts, (v) lease and contract termination payments,
(vi) information system integration costs and (vii) other payments associated with the closure of production facilities and the
termination of maintenance contracts, in each case, resulting from the consummation of Acquisitions permitted hereunder; provided
that the aggregate amount of Integration Costs permitted to be added back to EBITDA for the life of this Agreement shall not
exceed (x) $60,000,000 for the period commencing on October 27, 2015 and ending on the fifth anniversary of the “Closing
Date” (as such term is defined in the New Credit Agreement) (“Initial Period”) and (y) an amount equal
to the unused portion during the Initial Period plus $20,000,000 for the period commencing on the fifth anniversary of the “Closing
Date” (as such term is defined in the New Credit Agreement) and ending on May 30, 2024.

 

“Interest
Coverage Ratio” means, for any Computation Period, the ratio of (a) EBIT for such Computation Period, to (b) Interest
Expense for such Computation Period.

    	16

    	

    

“Interest
Expense” means for any period, the interest expense (whether paid or accrued and including imputed interest expense
in respect of capital lease obligations) of the Borrower and its consolidated Subsidiaries for such period, determined on a consolidated
basis in accordance with GAAP.

 

“Interest
Payment Date” means, (a) as to any Eurodollar Rate Loan, the last day of each Interest Period applicable to such Eurodollar
Rate Loan and the applicable Termination Date; provided that if any Interest Period for a Eurodollar Rate Loan exceeds
three months, each three-month anniversary of the first day of such Interest Period also shall be an Interest Payment Date; and,
(b) as to any Base Rate Loan, the last Business Day of each calendar quarter and the applicable Termination Date.

 

“Interest
Period” means, as to any Eurodollar Rate Loan comprising part of the same Borrowing, the period commencing on the date
such Eurodollar Rate Loan is disbursed or on the Conversion/Continuation Date on which such Eurodollar Rate Loan is converted
into 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 Notice of Borrowing or Notice of Conversion/Continuation, as the case may
be; provided that:

 

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

 

(ii) any
Interest Period for a Eurodollar Rate Loan 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

 

(iii) no
Interest Period for any Eurodollar Rate Loan shall extend beyond the applicable Termination Date.

 

“IRS”
means the Internal Revenue Service, and any Governmental Authority succeeding to any of its principal functions under the Code.

 

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

 

“Issuance
Date” has the meaning specified in subsection 3.01(a).

 

“Issue”
means, with respect to any Letter of Credit, to issue or to extend the expiry of, or to renew or increase the amount of, such
Letter of Credit; and the terms “Issued,” “Issuing” and “Issuance” have
corresponding meanings.

 

“Issuing Lender”
means Bank of America in its capacity as issuer of one or more Letters of Credit hereunder, together with (i) any replacement
letter of credit issuer arising under 

    	17

    	

    

subsection 10.01(b) or Section 10.08 and (ii) any other Lender or any Affiliate
of a Lender which the Administrative Agent and the Borrower have approved in writing as an “Issuing Lender” hereunder.

 

“L/C Advance”
means each Revolving Loan Lender’s participation in any L/C Borrowing in accordance with its Pro Rata Share.

 

“L/C Amendment
Application” means an application form for amendment of an outstanding standby letter of credit as shall at any time
be in use by the applicable Issuing Lender, as such Issuing Lender shall request.

 

“L/C Application”
means an application form for issuance of a standby letter of credit as shall at any time be in use by the applicable Issuing
Lender, as such Issuing Lender shall request.

 

“L/C Borrowing”
means an extension of credit resulting from a drawing under any Letter of Credit which shall not have been reimbursed on the date
when made nor converted into a Borrowing of Loans under subsection 3.03(d).

 

“L/C Commitment”
means the commitment of the Issuing Lenders to Issue, and the commitment of the Revolving Loan Lenders severally to participate
in, Letters of Credit from time to time Issued or outstanding under Article III in an aggregate amount not to exceed on
any date the lesser of $30,000,000 and the Aggregate Revolving Loan Commitment; it being understood that the L/C Commitment is
a part of the Aggregate Revolving Loan Commitment rather than a separate, independent commitment.

 

“L/C Fee Rate”
means, at any time, the Applicable Margin; provided that upon notice to the Borrower from the Administrative Agent (acting
at the request or with the consent of the Required Revolving Loan Lenders) during the existence of any Event of Default, and for
so long as such Event of Default continues, such rate shall be increased by 2 percentage points.

 

“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 1.05.
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.

 

“L/C-Related
Documents” means the Letters of Credit, the L/C Applications, the L/C Amendment Applications and any other document,
agreement and instrument relating to any Letter of Credit, including any of the applicable Issuing Lender’s standard form
documents for letter of credit issuances.

 

“Lead Arranger” means (a) each of Merrill
Lynch, Pierce, Fenner & Smith Incorporated and Manufacturers and Traders Trust Company in its capacity as a joint lead arranger
and bookrunner for the Revolving Credit Facility and the Five-Year Term Loan Facility and (b) each

    	18

    	

    

of Merrill Lynch, Pierce,
Fenner & Smith Incorporated and CoBank, ACB in its capacity as a joint lead arranger and bookrunner for the Ten-Year Term
Loan Facility.

 

“Lender”
has the meaning specified in the preamble to this Agreement. References to the term “Lenders” shall include each Farm
Credit Lender that is a Voting Participant and each Issuing Lender in its capacity as such; for purposes of clarification only,
to the extent that any Issuing Lender may have any rights or obligations in addition to those of the other Lenders due to its
status as Issuing Lender, its status as such will be specifically referenced.

 

“Lending Office”
means, as to any Lender, the office or offices of such Lender specified as its “Lending Office” or “Domestic
Lending Office” or “Eurodollar Lending Office”, as the case may be, on Schedule 11.02 or such Lender’s
Administrative Questionnaire, or such other office or offices as such Lender may from time to time notify the Borrower and the
Administrative Agent, which office may include any Affiliate of such Lender or any domestic or foreign branch of such Lender or
such Affiliate. Unless the context otherwise requires each reference to a Lender shall include its applicable Lending Office.

 

“Letter of
Credit” means any standby letter of credit Issued by an Issuing Lender pursuant to Article III.

 

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

 

“Lien”
means any security interest, mortgage, deed of trust, pledge, hypothecation, assignment, charge or deposit arrangement, encumbrance,
lien (statutory or other) or preferential arrangement of any kind or nature whatsoever in respect of any property (including those
created by, arising under or evidenced by any conditional sale or other title retention agreement, the interest of a lessor under
a capital lease, or any financing lease having substantially the same economic effect as any of the foregoing, but not including
the interest of a lessor under an operating lease).

 

“Loan”
means an extension of credit by a Lender to the Borrower under Article II in the form of a Revolving Loan or any Class
of Term Loan, as the context may require, which may be a Base Rate Loan or a Eurodollar Rate Loan or a L/C Advance.

 

“Loan Documents”
means this Agreement, any Notes, the Guaranty, each L/C-Related Document and any agreement creating or perfecting rights in Cash
Collateral pursuant to the provisions of Section 2.15 of this Agreement and the Fee Letters.

 

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

 

“London Banking
Day” means any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar
market.

 

“Margin Stock”
means “margin stock” as such term is defined in Regulation T, U or X of the FRB.

    	19

    	

    

“Material
Acquisition” means an Acquisition involving consideration (excluding stock of the Borrower) of more than $50,000,000.

 

“Material
Adverse Effect” means (a) a material adverse change in, or a material adverse effect upon, the operations, business,
properties, liabilities (actual or contingent), or financial condition of the Borrower and its Subsidiaries taken as a whole;
(b) a material impairment of the ability of any Loan Party to perform its obligations under any Loan Document to which it is a
party; or (c) a material adverse effect upon the legality, validity, binding effect or enforceability against any Loan Party of
any Loan Document to which it is a party.

 

“Material
Financial Obligations” means Indebtedness or Contingent Obligations of the Borrower or any Subsidiary (other than any
intercompany Indebtedness owing only among the Borrower and the Guarantors and other than Contingent Obligations entered into
by the Borrower or any Subsidiary with respect to trade payables and similar liabilities of any Subsidiary of Borrower) or obligations
of the Borrower or any Subsidiary in respect of any Securitization Transaction, in an aggregate principal amount (for all applicable
Indebtedness, Contingent Obligations and obligations in respect of Securitization Transactions) equal to or greater than 50,000,000.

 

“Material
Subsidiary” means any Subsidiary of the Borrower now existing or hereafter acquired or formed and each successor thereto
that (a) for the most recent period of four consecutive fiscal quarters of the Borrower accounted for more than 5% of the consolidated
revenues of the Borrower or (b) as of the end of such fiscal quarter, was the owner of more than 5% of the total assets of the
Borrower, as shown on the consolidated financial statements of the Borrower for such fiscal quarter.

 

“Maximum Revolving
Credit Increase” has the meaning specified in the subsection 2.14(a).

 

“Minimum
Collateral Amount” means, at any time, (i) with respect to Cash Collateral consisting of cash or deposit account balances
provided to reduce or eliminate Fronting Exposure during the existence of a Defaulting Lender, an amount equal to 100% of the
Fronting Exposure of the L/C Issuer with respect to Letters of Credit issued and outstanding at such time, (ii) with respect to
Cash Collateral consisting of cash or deposit account balances provided in accordance with the provisions of subsection 2.15(a)(i)
or (a)(ii), an amount equal to 100% of the Outstanding Amount of all LC Obligations, and (iii) otherwise, an amount determined
by the Administrative Agent and the Issuing Lenders in their sole discretion.

 

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

 

“Multiemployer
Plan” means any employee benefit plan as described in Section 4001(a)(3) of ERISA, to which the Borrower or any ERISA
Affiliate makes or is obligated to make contributions, or with respect to which the Borrower or any ERISA Affiliates may have
any liability, contingent or otherwise.

 

“New Credit
Agreement” means the Credit Agreement, dated as of December 16, 2015, among the Borrower, the lenders party thereto,
and Bank of America, N.A. ,as administrative

    	20

    	

    

agent, as the same may hereafter be amended,
amended and restated, supplemented or otherwise modified.

 

“New Credit
Documents” means the “Loan Documents” as defined in the New Credit Agreement.

 

“Non-Consenting
Lender” has the meaning specified in Section 4.07.

 

“Non-Extension
Notice Date” has the meaning specified in subsection 3.02(d).

 

“Note”
means a Revolving Loan Note, a Five-Year Term Loan Note or a Ten-Year Term Loan Note, as the context may require.

 

“Notice of
Borrowing” means a notice in substantially the form of Exhibit A 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.

 

“Notice of
Conversion/Continuation” means a notice of (a) a conversion of all or any portion of Loans from one Type to the other,
or (b) a continuation of Eurodollar Rate Loans, pursuant to subsection 2.02(a), which, if in writing, shall be substantially
in the form of Exhibit B.

 

“Obligations”
means all advances, debts, liabilities, obligations, covenants and duties arising under any Loan Document owing by any Loan Party
to any Lender, Issuing Lender, the Administrative Agent or any other Indemnified Person, whether direct or indirect (including
those acquired by assignment), absolute or contingent, due or to become due, or 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 Insolvency Proceeding
naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding.

 

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

 

“Organization
Documents” means (i) for any corporation, the certificate of incorporation, the bylaws, any certificate of determination
or instrument relating to the rights of preferred shareholders of such corporation, any shareholder rights agreement, and all
applicable resolutions of the board of directors (or any committee thereof) of such corporation, (ii) for any partnership
or joint venture, the partnership or joint venture agreement and any other organizational document of such entity, (iii) for
any limited liability company, the certificate or articles of organization, the operating agreement and any other organizational
document of such limited liability company, (iv) for any trust, the declaration of trust, the trust agreement and any other
organizational document of such trust and (v) for any other entity, the document or agreement pursuant to which such entity
was formed and any other organizational document of such entity.

    	21

    	

    

“Other Connection
Taxes” means, with respect to the Administrative Agent or any Lender, taxes imposed as a result of a present or former
connection between the Administrative Agent or such Lender and the jurisdiction imposing such Tax (other than connections arising
from the Administrative Agent or such Lender 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 any present or future stamp, court or documentary taxes or any other excise or property taxes, charges or similar levies
which arise from any payment made hereunder or from the execution, delivery, performance, enforcement or registration of, or otherwise
with respect to, this Agreement or any other 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 4.07.

 

“Outstanding
Amount” means (i) with respect to Term Loans and Revolving Loans on any date, the aggregate outstanding principal amount
thereof after giving effect to any borrowings and prepayments or repayments of Term Loans and Revolving Loans occurring on such
date; and (ii) 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 Issuance 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 drawings under a Letter of Credit or any reductions in the maximum
amount available for drawing under Letters of Credit taking effect on such date.

 

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

 

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

 

“PBGC”
means the Pension Benefit Guaranty Corporation, or any Governmental Authority succeeding to any of its principal functions under
ERISA.

 

“Pension Plan”
means a pension plan (as defined in Section 3(2) of ERISA) subject to Title IV of ERISA, other than a Multiemployer Plan,
with respect to which the Borrower or any ERISA Affiliate has any liability, contingent or otherwise.

 

“Permitted
Liens” has the meaning specified in Section 8.02.

 

“Permitted
Swap Obligations” means all obligations (contingent or otherwise) of the Borrower or any Subsidiary existing or arising
under Swap Contracts, provided that such obligations are (or were) entered into by such Person (or acquired in connection with
an Acquisition) in the ordinary course of business for the purpose of directly mitigating risks associated with (a) raw materials
purchases, (b) interest or currency exchange rates (including the interest rates applicable to the Obligations), (c) operating
expenses or other anticipated obligations of such Person, (d) other liabilities, commitments or assets held or reasonably
anticipated by such Person or (e) changes in the value of securities issued by such Person in conjunction with a securities
repurchase program not otherwise prohibited hereunder.

    	22

    	

    

“Person”
means an individual, partnership, corporation, limited liability company, business trust, joint stock company, trust, unincorporated
association, joint venture or Governmental Authority.

 

“Plan”
means an employee benefit plan (as defined in Section 3(3) of ERISA), other than a Multiemployer Plan, with respect to which
the Borrower or any ERISA Affiliate has any liability, contingent or otherwise, and includes any Pension Plan.

 

“Platform”
has the meaning specified in Section 7.02.

 

“Pro Rata
Share” means (a) in respect of the Revolving Credit Facility, for any Revolving Loan Lender at any time the proportion
(expressed as a decimal, rounded to the ninth decimal place) which such Lender’s Revolving Loan Commitment constitutes of
the Aggregate Revolving Loan Commitment (or, after the Revolving Loan Commitments have terminated, which (i) the principal
amount of such Lender’s Revolving Loans plus (without duplication) the participation of such Lender in (or in the
case of an Issuing Lender, the unparticipated portion of) the Effective Amount of all L/C Obligations constitutes of (ii) the
aggregate principal amount of all Revolving Loans plus (without duplication) the Effective Amount of all L/C Obligations),
subject to adjustments as provided in Section 2.16, (b) in respect of the Five-Year Term Loans, for any Lender at any time
the proportion (expressed as a decimal, rounded to the ninth decimal place) of the Five-Year Term Loan Facility represented by
the principal amount of such Lender’s Five-Year Term Loans outstanding at such time and (c) in respect of the Ten-Year Term
Loans, for any Lender at any time the proportion (expressed as a decimal, rounded to the ninth decimal place) of the Ten-Year
Term Loan Facility represented by the principal amount of such Lender’s Ten-Year Term Loans outstanding at such time. The
initial Pro Rata Share of each Lender is set forth opposite the name of such Lender on Schedule 2.01 or in the Assignment
and Assumption pursuant to which such Lender becomes a party hereto, as applicable.

 

“Public Lender”
has the meaning specified in Section 7.02.

 

“Refinancing”
means the repayment or redemption of existing Indebtedness (other than Indebtedness permitted by Section 8.06 hereof) of
the Diamond Companies.

 

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

 

“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.

 

“Replacement
Lender” has the meaning specified in Section 4.07.

 

“Reportable
Event” means, any of the events set forth in Section 4043(c) of ERISA or the regulations thereunder, other than any
such event for which the 30-day notice requirement under ERISA has been waived in such regulations.

 

“Required
Lenders” means, at any time, Lenders owed or holding at least a majority in interest of the sum of (a) the aggregate
amount of Revolving Credit Exposure of all Lenders at such time, (b) the aggregate Unused Revolving Loan Commitments at such time,
(c) the

    	23

    	

    

aggregate principal amount of all Five-Year
Term Loans outstanding at such time and (d) the aggregate principal amount of all Ten-Year Term Loans at such time. For purposes
of this definition, the undrawn amounts of each Letter of Credit then outstanding shall be considered to be owed to the Lenders
ratably in accordance with their respective Revolving Loan Commitments; provided that the Commitment of, and (i) the portion
of the aggregate principal amount of the Revolving Loans outstanding at such time, (ii) the portion of the aggregate L/C Obligations
of all Letters of Credit outstanding at such time, (iii) the portion of the aggregate Unused Revolving Loan Commitments at such
time, (iv) the principal amount of the outstanding Five-Year Term Loans and (v) the principal amount of the outstanding Ten-Year
Term Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required
Lenders.

 

“Required
Revolving Loan Lenders” means, as of any date of determination, Lenders holding more than 50% of the aggregate amount
of Revolving Credit Exposure of all Lenders at such time; provided that the Commitment of, and the portion of (i) the aggregate
principal amount of the Revolving Loans outstanding at such time, (ii) the portion of the aggregate L/C Commitments of all Letters
of Credit outstanding at such time and (iii) the portion of the aggregate Unused Revolving Loan Commitments at such time held
or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Loan Lenders.

 

“Required
Term Loan Lenders” means, as of any date of determination, with respect to Lenders of any Class of Term Loans, Lenders
holding more than 50% of such Class of Term Loans on such date; provided that the portion of such Class of Term Loans held
by any Defaulting Lender shall be excluded for purposes of making a determination of Required Term Loan Lenders.

 

“Requirement
of Law” means, as to any Person, any law (statutory or common), treaty, rule or regulation or determination of an arbitrator
or of a Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such
Person or any of its property is subject.

 

“Responsible
Officer” means the chief executive officer, the president or any vice president of a Loan Party, or any other officer
having substantially the same authority and responsibility; or, with respect to financial matters, the chief financial officer
or the treasurer of the Borrower, or any other officer having substantially the same authority and responsibility. Any document
delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized
by all necessary corporate, partnership and/or other action on the part of such Loan Party and such Responsible Officer shall
be conclusively presumed to have acted on behalf of such Loan Party.

 

“Restricted
Payment” has the meaning specified in Section 8.10.

 

“Restructuring
Costs” means costs and expenses, whether cash or non-cash, incurred in connection with the disposition or sale of any
Person, assets or division and any costs or expenses incurred in connection with any restructuring, reorganization or similar
internal transactions related to or arising, in each case, directly from such disposition or sale. 

    	24

    	

    

“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 at such time.

 

“Revolving
Credit Facility” means the revolving credit facility provided in this Agreement in the principal amount of the Aggregate
Revolving Loan Commitment.

 

“Revolving
Credit Facility Termination Date” means the earlier to occur of:

 

(a) May
30, 2019; and

 

(b) the
date on which the Revolving Loan Commitments terminate in accordance with the provisions of this Agreement;

 

provided, however that if such date is not a Business Day, the Revolving Credit Facility Termination Date shall be the preceding Business Day.

 

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

 

“Revolving
Loan Borrowing” means a borrowing hereunder consisting of Revolving Loans of the same Type made to the Borrower on the
same day by one or more Lenders under Article II and, other than in the case of Base Rate Loans, having the same Interest Period.

 

“Revolving
Loan Commitment” means as to each Lender, its obligation to (i) make Revolving Loans to the Borrower pursuant to
subsection 2.01(a), and (ii) purchase participations in L/C Obligations, 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 under the
caption “Revolving Loan Commitment” or opposite such caption in the Assignment and Assumption 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
Loan Lender” means, as of any date of determination, a Lender with a Revolving Loan Commitment or, if the Revolving
Loan Commitments have terminated or expired, a Lender with Revolving Credit Exposure.

 

“Revolving
Loan Note” means a promissory note executed by the Borrower in favor of a Lender evidencing the Revolving Loans made
by such Lender to the Borrower, in substantially the form of Exhibit E-1.

 

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

 

“Sanction(s)”
means any international economic sanction administered or enforced by the United States Government (including without limitation,
OFAC), the United Nations Security Council, the European Union, Her Majesty’s Treasury (“HMT”) or other
relevant sanctions authority.

    	25

    	

    

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

 

“Securitization
Transaction” means any sale, assignment or other transfer by the Borrower or any Subsidiary of accounts receivable,
lease receivables or other payment obligations owing to the Borrower or any Subsidiary or any interest in any of the foregoing,
together in each case with any collections and other proceeds thereof, any collection or deposit accounts related thereto, and
any collateral, guaranties or other property or claims in favor of the Borrower or such Subsidiary supporting or securing payment
by the obligor thereon of, or otherwise related to, any such receivables.

 

“Senior Credit
Facilities” means the Revolving Credit Facility and the Term Loan Facilities.

 

“Solvent”
and “Solvency” mean, with respect to any Person on any date of determination, that on such date (a) the fair
value of the property of such Person is greater than the total amount of liabilities, including contingent liabilities, of such
Person, (b) the present fair salable value of the assets of such Person is not less than the amount that will be required to pay
the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and
does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay such debts and liabilities
as they mature, (d) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction,
for which such Person’s property would constitute an unreasonably small capital, and (e) such Person is able to pay its
debts and liabilities, contingent obligations and other commitments as they mature in the ordinary course of business. The amount
of contingent liabilities at any time shall be computed as the amount that, in the light of all the facts and circumstances existing
at such time, represents the amount that can reasonably be expected to become an actual or matured liability.

 

“Subsidiary”
of a Person means any corporation, association, partnership, limited liability company, joint venture or other business entity
of which more than 50% of the voting stock, membership interests or other equity interests is owned or controlled directly or
indirectly by such Person, or one or more of the Subsidiaries of such Person, or a combination thereof. Unless the context otherwise
clearly requires, references herein to a “Subsidiary” refer to a Subsidiary of the Borrower.

 

“Surety Instruments”
means all letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, shipside bonds, surety
bonds and similar instruments.

 

“Swap Contract”
means any agreement, whether or not in writing, relating to any transaction that is a rate swap, basis swap, forward rate transaction,
commodity swap, commodity option, equity or equity index swap or option, bond, note or bill option, interest rate option, forward
foreign exchange transaction, cap, collar or floor transaction, currency swap, cross-currency rate swap, swaption, currency option
or any other, similar transaction (including any option to enter into any of the foregoing) or any combination of the foregoing,
and, unless the context otherwise clearly requires, any master agreement relating to or governing any or all of the foregoing.

    	26

    	

    

“Taxes”
means any and all present or future taxes, levies, assessments, imposts, duties, deductions, fees, withholdings or similar charges,
and all liabilities with respect thereto, other than Excluded Taxes.

 

“Tax Incentive
Transaction” shall mean any arrangement between the Borrower or any Subsidiary of the Borrower and a development authority
or other similar governmental authority or entity for the purpose of providing property tax incentives to the Borrower or such
Subsidiary structured as a sale-leaseback transaction whereby the development authority (i) acquires property from or on behalf
of the Borrower or such Subsidiary, (ii) leases such property back to the Borrower or such Subsidiary, (iii) if and to the extent
the development authority issues the bonds to finance such acquisition, 100% of such bonds are purchased and held by the Borrower
or a Wholly-Owned Subsidiary of the Borrower, (iv) the rental payments on the lease (disregarding any amount that is concurrently
repaid to the Borrower or a Subsidiary in the form of debt service on any bonds or otherwise) does not exceed amounts the Borrower
or such Subsidiary would have paid in taxes and other amounts had the sale-leaseback transaction not occurred and (v) the Borrower
or such Subsidiary has the option to terminate its lease and reacquire the property for nominal consideration (disregarding any
additional consideration that is concurrently repaid to the Borrower or a Subsidiary in the form of repayment of any bonds or
otherwise) at any time; provided that if at any time any of the foregoing conditions shall cease to be satisfied, such
transaction shall cease to be a Tax Incentive Transaction.

 

“Ten-Year
Term Loan” has the meaning specified in subsection 2.01(c).

 

“Ten-Year
Term Loan Commitment” means as to each Lender, its obligation to make Ten-Year Term Loans to the Borrower on the Closing
Date pursuant to subsection 2.01(c) in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s
name on Schedule 2.01 under the caption “Ten-Year Term Loan Commitment” or opposite such caption in the Assignment
and Assumption 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.

 

“Ten-Year
Term Loan Facility” means (a) prior to the Closing Date, the Ten-Year Term Loan Commitments and (b) on and after the
Closing Date, the ten-year term loan facility provided in this Agreement in the aggregate principal amount of the Ten-Year Term
Loans of all Lenders outstanding at such time. The aggregate principal amount of the Ten-Year Term Loan Facility as of the Closing
Date is $150,000,000.

 

“Ten-Year
Term Loan Facility Termination Date” means the earlier of (i) May 30, 2024 and (ii) the date of the prepayment of all
Ten-Year Term Loans; provided, however that if such date is not a Business Day, the Ten-Year Term Loan Facility
Termination Date shall be the preceding Business Day.

 

“Ten-Year
Term Loan Lender” means, as of any date of determination, a Lender having a Ten-Year Term Loan Commitment or holding
a Ten-Year Term Loan.

    	27

    	

    

“Ten-Year
Term Loan Note” means a promissory note executed by the Borrower in favor of a Lender evidencing the Ten-Year Term Loans
made by such Lender to the Borrower, in substantially the form of Exhibit E-3.

 

“Termination
Date” means (a) with respect to the Revolving Credit Facility, the Revolving Credit Facility Termination Date, (b) with
respect to the Five-Year Term Loan Facility, the Five-Year Term Loan Facility Termination Date, and (c) with respect to the Ten-Year
Term Loan Facility, the Ten-Year Term Loan Facility Termination Date.

 

“Term Loans”
means the Five-Year Term Loans and the Ten Year Term Loans.

 

“Term Loan
Borrowing” means the borrowing on the Closing Date of simultaneous Term Loans in Dollars, of the same Class and Type,
and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders pursuant to subsection
2.01(b) or (c).

 

“Term Loan
Commitment” means as to each Lender, its Five-Year Term Loan Commitment and/ or Ten-Year Term Loan Commitment.

 

“Term Loan
Facilities” means the Five-Year Term Loan Facility and the Ten Year Term Loan Facility.

 

“Total Debt
to EBITDA Ratio” means, for any Computation Period, the ratio of (a) Total Indebtedness as of the last day of such
Computation Period, to (b) EBITDA for such Computation Period.

 

“Total Indebtedness”
means, at any time, all Indebtedness (other than IBO Guaranty Obligations in an amount up to $75,000,000 in the aggregate) of
the Borrower and its Subsidiaries determined on a consolidated basis and to the extent not included in the definition of Indebtedness,
the aggregate outstanding investment or claim held at such time by purchasers, assignees or other transferees of (or of interests
in) receivables or other rights to payment of the Borrower and its Subsidiaries in connection with any Securitization Transaction
(regardless of the accounting treatment of such Securitization Transaction).

 

“Total Net
Debt to EBITDA Ratio” means, for any Computation Period, the ratio of (a) Total Indebtedness (net of unrestricted
cash and unrestricted Cash Equivalent Investments held by the Borrower and its Subsidiaries and excluding any undrawn amounts
of letters of credit issued) as of the last day of such Computation Period, to (b) EBITDA for such Computation Period.

 

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

 

“Type”
refers to the distinction between Loans bearing interest at the Base Rate and Loans bearing interest at the Eurodollar Rate.

 

“Unfunded
Pension Liability” means the excess of a Pension Plan’s benefit liabilities under Section 4001(a)(16) of
ERISA, over the current value of such Plan’s assets, determined in

    	28

    	

    

accordance with the assumptions used for
funding such Pension Plan pursuant to Section 412 of the Code for the applicable plan year.

 

“United States”
and “U.S.” each means the United States of America.

 

“Unmatured
Event of Default” means any event or circumstance which, with the giving of notice, the lapse of time or both, will
(if not cured, waived or otherwise remedied during such time) constitute an Event of Default.

 

“Unreimbursed
Amount” has the meaning specified in subsection 3.03(b).

 

“Unused Revolving
Loan Commitment” means, with respect to each Revolving Loan Lender at any time, (a) such Lender’s Revolving Loan
Commitment at such time minus (b) the sum of (i) the aggregate principal amount of all Revolving Loans made by such Lender (in
its capacity as a Lender) and outstanding at such time, plus (ii) such Lender’s Pro Rata Share of the aggregate L/C Commitments
of all the Letters of Credit outstanding at such time.

 

“Voting Participant”
has the meaning specified in subsection 11.06(i).

 

“Voting Participant
Notice” has the meaning specified in subsection 11.06(i).

 

“Warehime’s
Stockholder Group” means (i) Michael A. Warehime, (ii) the lineal descendants of Michael A. Warehime, including
adopted persons as well as biological descendants, (iii) any spouse, widow or widower of Michael A. Warehime or any such
descendant and (iv) any trust, estate, custodian or other fiduciary or similar account solely for the benefit of one or more
individuals described in clause (i), (ii) or (iii) above.

 

“Wholly-Owned
Subsidiary” means any Subsidiary in which (other than directors’ qualifying shares required by law) 100% of the
capital stock of each class having ordinary voting power, and 100% of the capital stock of every other class, or 100% of the membership
interests or other equity interests, as applicable, in each case, at the time as of which any determination is being made, is
directly or indirectly, owned, beneficially and of record, by the Borrower, or by one or more of the other Wholly-Owned Subsidiaries,
or both.

 

1.02 Other Interpretive
Provisions. 

 

(a) The meanings
of defined terms are equally applicable to the singular and plural forms of the defined terms.

 

(b) The words “hereof”,
“herein”, “hereunder” and similar words refer to this Agreement as a whole and not to any particular provision
of this Agreement; and subsection, Section, Schedule and Exhibit references are to this Agreement unless otherwise specified.

 

(c) (i) The term
“documents” includes any and all instruments, documents, agreements, certificates, indentures, notices and other writings,
however evidenced.

 

(ii) The
term “including” is not limiting and means “including without limitation.”

    	29

    	

    

(iii) 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.”

 

(d) Unless otherwise
expressly provided herein, (i) references to agreements (including this Agreement) and other contractual instruments shall
be deemed to include all subsequent amendments and other modifications thereto, but only to the extent such amendments and other
modifications are not prohibited by the terms of any Loan Document, and (ii) references to any statute or regulation are
to be construed as including all statutory and regulatory provisions consolidating, amending, replacing, supplementing or interpreting
the statute or regulation.

 

(e) The captions
and headings of this Agreement are for convenience of reference only and shall not affect the interpretation of this Agreement.

 

(f) This Agreement
and other Loan Documents may use several different limitations, tests or measurements to regulate the same or similar matters.
All such limitations, tests and measurements are cumulative and shall each be performed in accordance with their terms. Unless
otherwise expressly provided herein, any reference to any action of the Administrative Agent, the Lenders or the Required Lenders
by way of consent, approval or waiver shall be deemed modified by the phrase “in its/their sole discretion.”

 

(g) 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 Base Rate” or with respect to
any comparable or successor rate thereto other than as a result of the gross negligence or willful misconduct of the Administrative
Agent.

 

(h) This Agreement
and the other Loan Documents are the result of negotiations among and have been reviewed by counsel to the Administrative Agent,
the Borrower and the other parties, and are the products of all parties. Accordingly, they shall not be construed against the
Lenders or the Administrative Agent merely because of the Administrative Agent’s or Lenders’ involvement in their
preparation.

 

1.03 Accounting
Principles. 

 

(a) Unless the context
otherwise clearly requires, all accounting terms not expressly defined herein shall be construed, and all financial computations
required under this Agreement shall be made, in accordance with GAAP, consistently applied; provided that if the Borrower
notifies the Administrative Agent that the Borrower wishes to amend any covenant in Article VIII to eliminate the
effect of any change in GAAP on the operation of such covenant (or if the Administrative Agent notifies the Borrower that the
Required Lenders wish to amend Article VIII for such purpose), then the Borrower’s compliance with such covenant
shall be determined on the basis of GAAP in effect immediately before the relevant change in GAAP became effective, until either
such notice is withdrawn or such covenant is amended in a manner satisfactory to the Borrower and the Required Lenders. Without
limiting the foregoing, leases shall continue to be classified and accounted for on a basis consistent with that reflected in
the

    	30

    	

    

audited consolidated financial statements
of the Borrower and its Subsidiaries dated as of January 3, 2015 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.

 

(b) References herein
to “fiscal year” and “fiscal quarter” refer to such fiscal periods of the Borrower.

 

1.04 Accounting
Adjustments. For each period of four fiscal quarters ending next following the date of any Acquisition, for purposes of determining
the Total Debt to EBITDA Ratio, Total Net Debt to EBITDA Ratio and the Interest Coverage Ratio, the consolidated results of operations
of the Borrower and its Subsidiaries shall include the results of operations of the Person or assets subject to such Acquisition
on a historical pro forma basis to the extent information in sufficient detail concerning such historical results of such Person
or assets is reasonably available, and which amounts shall include only adjustments reasonably satisfactory to Administrative
Agent and shall not include any synergies resulting from such Acquisition other than those permitted pursuant to Regulation S-X
of the SEC.

 

1.05 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 L/C-Related Document related thereto, provides for one or more automatic increases
in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the 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.

 

ARTICLE
II. THE COMMITMENTS AND CREDIT EXTENSIONS

 

2.01 Borrowing
of Revolving Loans and Term Loans. 

 

(a) Subject to the
terms and conditions set forth herein, each Revolving Loan Lender severally agrees (and not jointly or jointly and severally)
to make revolving credit loans (each, a “Revolving Loan”) to the Borrower from time to time on any Business
Day during the period from the Closing Date to the Revolving Credit Facility Termination Date, in an aggregate amount not to exceed
at any time outstanding the amount of such Lender’s Unused Revolving Loan Commitment; provided, however, that,
after giving effect to any Revolving Loan Borrowing, (i) the Total Revolving Loans Outstandings shall not exceed the Aggregate
Revolving Loan Commitment, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving
Loan Commitment. Within the limits of each Lender’s Revolving Loan Commitment, and subject to the other terms and conditions
hereof, the Borrower may borrow under this subsection 2.01(a), prepay under Section 2.06 and reborrow under this
subsection 2.01(a). Revolving Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

 

(b) Subject to the
terms and conditions set forth herein, each Five-Year Term Loan Lender severally agrees (and not jointly or jointly and severally)
to make a single five-year term loan (each, a “Five-Year Term Loan”) to the Borrower in Dollars only on the
Closing Date in an

    	31

    	

    

amount not to exceed the amount of such
Lender’s Five-Year Term Loan Commitment. Each Five-Year Term Loan Borrowing shall consist of Five-Year Term Loans made simultaneously
by the Five-Year Term Loan Lenders on the Closing Date in accordance with their respective Pro Rata Share of the Five-Year Term
Loan Facility. Amounts borrowed under this subsection 2.01(b) and repaid or prepaid may not be reborrowed. Five-Year Term
Loans may be divided into tranches that are Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

 

(c) Subject to the
terms and conditions set forth herein, each Ten-Year Term Loan Lender severally agrees (and not jointly or jointly and severally)
to make a single ten-year term loan (each, a “Ten-Year Term Loan”) to the Borrower in Dollars only on the Closing
Date in an amount not to exceed the amount of such Lender’s Ten-Year Term Loan Commitment. Each Ten-Year Term Loan Borrowing
shall consist of Ten-Year Term Loans made simultaneously by the Ten-Year Term Loan Lenders on the Closing Date in accordance with
their respective Pro Rata Share of the Ten-Year Term Loan Facility. Amounts borrowed under this subsection 2.01(c) and
repaid or prepaid may not be reborrowed. Ten-Year Term Loans may be divided into tranches that are Base Rate Loans or Eurodollar
Rate Loans, as further provided herein.

 

2.02 Loan Accounts.
(a) The Loans made by each Lender and the Letters of Credit Issued by each Issuing Lender shall be evidenced by one or more
accounts or records maintained by such Lender or Issuing Lender, as the case may be, in the ordinary course of business. The accounts
or records maintained by the Administrative Agent, each Issuing Lender and each Lender shall be rebuttable presumptive evidence
of the amount of the Loans made by the Lenders to the Borrower and the Letters of Credit Issued for the account of the Borrower,
and the interest and payments thereon, in each case, absent manifest error. Any failure so to 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 Loans or any Letter of Credit.

 

(b) Upon the request
of any Lender made through the Administrative Agent, the Loans made by such Lender may be evidenced by a Revolving Loan Note,
a Five-Year Term Loan Note and/or a Ten-Year Term Loan Note, as applicable, instead of or in addition to loan accounts. Each such
Lender shall endorse on the schedules annexed to its Note(s) the date, amount and maturity of each Loan evidenced thereby and
the amount of each payment of principal made by the Borrower with respect thereto (or such Lender shall maintain such information
in its own records). Each such Lender is irrevocably authorized by the Borrower to endorse its Note(s) and each Lender’s
record shall be rebuttable presumptive evidence of the amount of the Loans evidenced thereby, and the interest and payments thereon,
in each case, absent manifest error; provided, however, that the failure of a Lender to make, or an error in making,
a notation thereon or an entry therein with respect to any Loan shall not limit or otherwise affect the obligations of the Borrower
hereunder or under any such Note to such Lender.

 

2.03 Procedure
for Borrowings.  (a) Each Borrowing shall be made upon the Borrower’s notice delivered to the Administrative Agent,
which may be given by (i) telephone, or (ii) a Notice of Borrowing; provided that any telephonic notice must be confirmed immediately
by delivery to the Administrative Agent of a Notice of Borrowing. The Notice of Borrowing must be received by the Administrative
Agent prior to (i) 12:00 noon Eastern time two Business Days prior to the requested Borrowing Date, in the case of Eurodollar
Rate Loans,

    	32

    	

    

and (ii) 12:00 noon Eastern
time on the requested Borrowing Date, in the case of Base Rate Loans, specifying:

 

(A) whether
the Borrower is requesting a Revolving Credit Borrowing, a Five-Year Term Loan Borrowing or a Ten-Year Term Loan Borrowing;

 

(B) the
amount of such Borrowing, which shall be in an aggregate amount of $1,000,000 or a higher multiple of $500,000;

 

(C) the
requested Borrowing Date, which shall be a Business Day (provided that all Term Loans Borrowings must be made on the Closing
Date);

 

(D) the
Type of Loans comprising such Class of Borrowing; and

 

(E) in
the case of Eurodollar Rate Loans, the duration of the initial Interest Period applicable to such Loans.

 

(b) The Administrative
Agent will promptly notify each Appropriate Lender of its receipt of any Notice of Borrowing and of the amount of such Lender’s
Pro Rata Share of such Borrowing.

 

(c) Each Appropriate
Lender will make the amount of its Pro Rata Share of each Borrowing available to the Administrative Agent in immediately available
funds for the account of the Borrower at the Administrative Agent’s Payment Office by 2:00 p.m. Eastern time (in the case
of Eurodollar Rate Loans) or by 3:00 p.m. Eastern time (in the case of Base Rate Loans) on the Borrowing Date requested by the
Borrower to the Administrative Agent. Upon satisfaction of the applicable conditions set forth in Section 5.02 (and, if
such Borrowing is the initial Credit Extension, Section 5.01), 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 the Administrative Agent 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.

 

(d) After giving
effect to any Borrowing, unless the Administrative Agent otherwise consents, there may not be more than (x) ten separate Interest
Periods with respect to a Borrowing of a single Class and (y) twenty separate Interest Periods in the aggregate for all Borrowings.

 

2.04 Conversion
and Continuation Elections for Borrowings. (a) The Borrower may, upon irrevocable written notice to the Administrative Agent
in accordance with subsection 2.04(b):

 

(i) elect,
as of any Business Day, in the case of Base Rate Loans, or as of the last day of the applicable Interest Period, in the case of
Eurodollar Rate Loans, to convert any Class of Loans of one Type comprising the same Borrowing (or any part thereof in an aggregate
amount of $1,000,000 or a higher integral multiple of $500,000) into Loans of the other Type; or

    	33

    	

    

(ii) elect,
as of the last day of the applicable Interest Period, to continue any Eurodollar Rate Loans comprising the same Class of Borrowing
having Interest Periods expiring on such day (or any part thereof in an aggregate amount of $1,000,000 or a higher integral multiple
of $500,000) for another Interest Period;

 

provided that if at any
time the aggregate amount of Eurodollar Rate Loans in respect of any Borrowing is reduced, by payment, prepayment, or conversion
of any part thereof, to be less than $1,000,000, such Eurodollar Rate Loans shall automatically convert into Base Rate Loans of
the same Class of Borrowing.

 

(b) The Borrower
shall deliver a Notice of Conversion/Continuation to be received by the Administrative Agent not later than 12:00 noon Eastern
time at least (i) two Business Days in advance of the Conversion/Continuation Date, if the Loans are to be converted into
or continued as Eurodollar Rate Loans; and (ii) on the Conversion/Continuation Date, if the Loans are to be converted into
Base Rate Loans, specifying:

 

(A) the
proposed Conversion/Continuation Date;

 

(B) the
aggregate amount and Class of Loans to be converted or continued;

 

(C) the
Type of Loans resulting from the proposed conversion or continuation; and

 

(D) in
the case of conversion into or continuation of Eurodollar Rate Loans, the duration of the requested Interest Period.

 

(c) If upon the
expiration of any Interest Period applicable to Eurodollar Rate Loans, the Borrower has failed to select timely a new Interest
Period to be applicable to such Eurodollar Rate Loans, the Borrower shall be deemed to have elected to convert such Eurodollar
Rate Loans into Base Rate Loans effective as of the expiration date of such Interest Period.

 

(d) The Administrative
Agent will promptly notify each Appropriate Lender of its receipt of a Notice of Conversion/Continuation, or, if no timely notice
is provided by the Borrower, the Administrative Agent will promptly notify each such Lender of the details of any automatic conversion.
Each conversion and continuation of Loans comprising part of the same Borrowing shall be made ratably among the Appropriate Lenders
according to their respective outstanding principal amounts of such Loans with respect to which the notice was given.

 

(e) Unless (i) the
Required Revolving Loan Lenders, with respect to the Revolving Loans, or (ii) the applicable Required Term Loan Lenders, with
respect to a Class of Term Loans, otherwise consent, the Borrower may not elect to have any Class of Loan converted into or continued
as a Eurodollar Rate Loan during the existence of an Event of Default or Unmatured Event of Default.

 

(f) After giving
effect to any conversion or continuation of Loans, unless the Administrative Agent shall otherwise consent, there may not be more
than (x) ten (10) separate

    	34

    	

    

Interest Periods with respect to Loans
of a single Class and (y) twenty (20) separate Interest Periods in the aggregate for Loans of all Classes.

 

(g) Notwithstanding
anything to the contrary in this Agreement, any Lender may exchange, continue or rollover all of the 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.

 

2.05 Voluntary
Termination or Reduction of Revolving Loan Commitments. The Borrower may, upon not less than 12:00 noon Eastern time
three Business Days’ prior notice to the Administrative Agent, terminate the Revolving Loan Commitments, or permanently
reduce the Revolving Loan Commitments by a minimum amount of $5,000,000 or a higher integral multiple of $1,000,000; unless, after
giving effect thereto, the Total Revolving Loan Outstandings would exceed the amount of the Aggregate Revolving Loan Commitment
then in effect. Once reduced in accordance with this Section 2.05, the Revolving Loan Commitments may not be increased.
Any reduction of the Revolving Loan Commitments shall be applied to reduce the Revolving Loan Commitment of each Revolving Loan
Lender according to its Pro Rata Share. If the Borrower terminates the Revolving Loan Commitments or reduces the Revolving Loan
Commitments to zero, the Borrower shall pay all accrued and unpaid interest, fees and other amounts payable hereunder on the date
of such termination.

 

2.06 Optional
Prepayments. Subject to the proviso to subsection 2.04(a) and to Section 4.04, the Borrower may, from time
to time, upon irrevocable notice to the Administrative Agent, which notice must be in a form acceptable to the Administrative
Agent and be received by the Administrative Agent prior to 12:00 noon Eastern time (a) two Business Days prior to the
date of prepayment, in the case of Eurodollar Rate Loans, and (b) on the date of prepayment, in the case of Base Rate Loans,
ratably prepay any Class of Loans comprising part of the same Borrowing, in whole or in part, in an aggregate amount of $1,000,000
or a higher integral multiple of $500,000 (except that, (x) if any Base Rate Loans have been made pursuant to subsection 3.03(b),
in an aggregate amount equal to the aggregate amount of such Base Rate Loans and (y) any prepayment of a Class of Term Loans may
be in any amount (but not less than $5,000,000) that causes the aggregate principal amount of all outstanding Term Loans of such
Class to be an integral multiple of $1,000,000). Such notice of prepayment shall specify the date and amount of such prepayment
and the Class(es) and Type(s) of Loans to be prepaid. The Administrative Agent will promptly notify each Appropriate Lender of
its receipt of any such notice and of such Lender’s Pro Rata Share 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, together with, in the case of Eurodollar Rate Loans, accrued interest to such date on the amount prepaid and any amounts
required pursuant to Section 4.04. Subject to the foregoing terms, amounts prepaid under this Section 2.06
shall be applied as the Borrower may elect; provided that if the Borrower shall fail to specify its elected application
with respect to any voluntary prepayment, such voluntary prepayment shall be applied first to the Revolving Loans (without a corresponding
reduction in the Revolving Loan Commitment), second to the Five-Year Term Loan (in direct order of remaining amortization installments)
and third to the Ten-Year Term Loan (in direct order of remaining amortization installments), and, in each case, first to Base
Rate Loans and then to

    	35

    	

    

Eurodollar Rate Loans in direct order
of Interest Period maturities. Each such prepayment shall be applied to the Loans of the Appropriate Lenders in accordance with
their respective applicable Pro Rata Share. In the event that the Revolving Credit Exposure exceeds the aggregate Revolving Loan
Commitments at any time (for example, because the issuance of a Letter of Credit by an Issuing Lender on the same date that a
new Revolving Loan is funded inadvertently causes the Revolving Credit Exposure to exceed the aggregate Revolving Loan Commitments
as of such date), the Borrower shall prepay Revolving Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount
necessary to eliminate such excess; provided, however, that the Borrower shall not be required to Cash Collateralize
the L/C Obligations pursuant to this Section 2.06 unless after giving effect to any concurrent prepayment of Revolving
Loans, the Revolving Credit Exposure exceeds the Aggregate Revolving Loan Commitments then in effect.

 

2.07 Repayment
of Loans. The Borrower shall repay to the Lenders (a) the aggregate principal amount of all Revolving Loans on the Revolving
Credit Facility Termination Date, (b) the aggregate principal amount of the Five-Year Term Loans in quarterly principal installments
as set forth on Schedule 2.07(a) (which principal amounts shall be reduced as a result of the application of prepayments
in accordance with the order of priority set forth in Section 2.06); provided, however, that, the final principal
repayment installment of the Five-Year Term Loans shall be repaid on the Five-Year Term Loan Facility Termination Date and in
any event shall be in an amount equal to the aggregate principal amount of all Five-Year Term Loans outstanding on such date and
(c) the aggregate principal amount of the Ten-Year Term Loans in quarterly principal installments as set forth on Schedule
2.07(b) (which principal amounts shall be reduced as a result of the application of prepayments in accordance with the order
of priority set forth in Section 2.06); provided, however, that, the final principal repayment installment
of the Ten-Year Term Loans shall be repaid on the Ten-Year Term Loan Facility Termination Date and in any event shall be in an
amount equal to the aggregate principal amount of all Ten-Year Term Loans outstanding on such date.

 

2.08 Interest.

 

(a) Each Loan shall
bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to (i) the Eurodollar
Rate plus the Applicable Margin or (ii) the Base Rate plus the Applicable Margin, as the case may be (and subject to the
Borrower’s right to convert to the other Type of Loan under Section 2.04).

 

(b) Interest on
each Loan shall be paid in arrears on each Interest Payment Date. Interest also shall be paid on the date of any conversion of
Eurodollar Rate Loans under Section 2.04 and prepayment of Eurodollar Rate Loans under Section 2.05 or
2.06, in each case for the portion of the Loans so converted or prepaid.

 

(c) Notwithstanding
the foregoing provisions of this Section 2.08, upon notice to the Borrower from the Administrative Agent (acting at the
request or with the consent of the Required Lenders) during the existence of any Event of Default, and for so long as such Event
of Default continues, the Borrower shall pay interest (after as well as before entry of judgment thereon to the extent permitted
by law) on the principal amount of all outstanding Loans and, to the extent permitted by Applicable Law, on any other amount payable
hereunder or under any other Loan Document, at a rate per annum which is determined by adding 2% per annum to the

    	36

    	

    

rate otherwise applicable thereto pursuant
to the terms hereof or such other Loan Document (or, if no such rate is specified, the Base Rate plus the Applicable Margin).
All such interest shall be payable on demand.

 

(d) Anything herein
to the contrary notwithstanding, the obligations of the Borrower to any Lender hereunder shall be subject to the limitation that
payments of interest shall not be required for any period for which interest is computed hereunder, to the extent (but only to
the extent) that contracting for or receiving such payment by such Lender would be contrary to the provisions of any law applicable
to such Lender limiting the highest rate of interest that may be lawfully contracted for, charged or received by such Lender,
and in such event the Borrower shall pay such Lender interest at the highest rate permitted by Applicable Law.

 

2.09 Fees.

 

(a) Arrangement,
Agency Fees. The Borrower agrees to pay to (i) the Administrative Agent and Merrill Lynch, Pierce, Fenner & Smith Incorporated
(“Merrill Lynch”) such fees at such times and in such amounts as are set forth in the fee letter dated May
7, 2014 among the Borrower, the Administrative Agent and Merrill Lynch (as amended, restated, supplemented or otherwise modified
from time to time, the “BAML Fee Letter”); (ii) CoBank, ACB such fees at such times and in such amounts as
are set forth in the fee letter dated May 7, 2014 between the Borrower and CoBank, ACB (as amended, restated, supplemented or
otherwise modified from time to time, the “CoBank Fee Letter”); and (iii) Manufacturers and Traders Trust Company
(“M&T Bank”) such fees at such times and in such amounts as are set forth in the fee letter dated May 7,
2014 between the Borrower and M&T Bank (as amended, restated, supplemented or otherwise modified from time to time, the “M&T
Bank Fee Letter” and together with the BAML Fee Letter and the CoBank Fee Letter, the “Fee Letters”).

 

(b) Upfront Fees.
The Borrower agrees to pay to:

 

(i) the
Administrative Agent for the account of each Lender based upon the amount of each Lender’s Revolving Loan Commitment and
Five-Year Term Loan Commitment as of the Closing Date, upfront fees in amounts previously agreed to among the Borrower, such Lender
and the Administrative Agent as set forth in the BAML Fee Letter;

 

(ii) CoBank,
ACB for the account of each Lender based upon the amount of each Lender’s Ten-Year Term Loan Commitment as of the Closing
Date, an upfront fee in an amount previously agreed to among the Borrower, such Lender and CoBank, ACB as a Lead Arranger for
the Ten-Year Term Loan Facility as set forth in the CoBank Fee Letter; and

 

(iii) Such
upfront fees in clauses (i) and (ii) above shall be due and payable on the Closing Date.

 

(c) Facility
Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Lender a facility fee computed at the
Facility Fee Rate per annum on the amount of such Lender’s Revolving Loan Commitment as in effect from time to time (whether
used or unused) or, if the Revolving Loan Commitments have terminated, on the sum (without

    	37

    	

    

duplication) of (i) the principal
amount of such Lender’s Revolving Loans plus (ii) the participation of such Lender in (or in the case of an Issuing
Lender, its unparticipated portion of) the Effective Amount of all L/C Obligations. Such facility fees shall accrue from the Closing
Date to the Revolving Credit Facility Termination Date, and thereafter until all Revolving Loans are paid in full and, in the
case of facility fees payable by the Borrower, all Letters of Credit are terminated, and shall be due and payable quarterly in
arrears on the last Business Day of each calendar quarter, with the final payment to be made on the Revolving Credit Facility
Termination Date (or, if later, on the date all Loans are paid in full and all Letters of Credit are terminated).

 

2.10 Computation
of Fees and Interest; Retroactive Adjustments of Applicable Margins. (a) All computations of interest on Base Rate Loans (including
Base Rate Loans determined by reference to the Eurodollar Rate) shall be made on the basis of a 365 (or 366) day year (as the
case may be), and actual days elapsed. All other computations of interest and fees shall be made on the basis of a 360-day year
and actual days elapsed. Interest and fees shall accrue during each period during which such interest or such fees are computed
from the first day thereof to the last day thereof.

 

(b) Each determination
of an interest rate by the Administrative Agent shall be conclusive and binding on the Borrower and the Lenders in the absence
of manifest error. The Administrative Agent will, at the request of the Borrower or any Lender, deliver to the Borrower or such
Lender, as the case may be, a statement showing the quotations used by the Administrative Agent in determining any interest rate
and the resulting interest rate.

 

(c) 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 Total Net Debt to EBITDA Ratio as calculated by the Borrower as of any applicable date was
inaccurate and (ii) a proper calculation of the Total Net Debt to EBITDA 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
Appropriate Lenders 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 or any Lender, as the case may be), 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. The Borrower’s
obligations under this paragraph shall survive the repayment of all other Obligations hereunder.

 

2.11 Payments
by the Borrower. (a) All payments to be made by the Borrower shall be made without condition or deduction for any set-off,
recoupment, defense or counterclaim. Except as otherwise expressly provided herein, all payments by the Borrower shall be made
to the Administrative Agent for the account of the Lenders at the Administrative Agent’s Payment Office, and shall be made
in Dollars and in immediately available funds, no later than 4:00 p.m. Eastern time on the date specified herein. The Administrative
Agent will promptly distribute to each Lender its Pro Rata Share (or other applicable share as expressly provided herein) of such
payment in like funds as received. Any payment received by the Administrative Agent later than

    	38

    	

    

4:00 p.m. Eastern time
shall be deemed to have been received on the following Business Day and any applicable interest or fee shall continue to accrue.

 

(b) Whenever any
payment is due on a day other than a Business Day, such payment shall be made on the following Business Day (unless, in the case
of a payment with respect to a Eurodollar Rate Loan, the following Business Day is in another calendar month, in which case such
payment shall be made on the preceding Business Day), and such extension of time shall in such case be included in the computation
of interest or fees, as the case may be.

 

(c) Unless the Administrative
Agent receives notice from the Borrower prior to the date on which any payment is due to the Lenders that the Borrower will not
make such payment in full as and when required, the Administrative Agent may assume that the Borrower has made such payment in
full to the Administrative Agent on such date in immediately available funds and the Administrative Agent may (but shall not be
so required), in reliance upon such assumption, distribute to each Lender on such due date an amount equal to the amount then
due such Lender. If and to the extent the Borrower has not made such payment in full to the Administrative Agent, each Lender
shall repay to the Administrative Agent on demand such amount distributed to such Lender in immediately available funds, together
with interest thereon 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, plus any administrative, processing or similar fees customarily charged
by the Administrative Agent in connection with the foregoing for each day from the date such amount is distributed to such Lender
until the date repaid. 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 Loans to the Administrative Agent, then the amount so paid shall constitute
such Lender’s Loans included in the 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. A notice of the Administrative
Agent to any Lender or the Borrower with respect to any amount owing under this subsection (d) shall be conclusive, absent
manifest error.

 

(d) If any Lender
makes available to the Administrative Agent funds for Loans 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 such Loans set forth in Section 5.01 or 5.02, as applicable, 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.

 

(e) The obligations
of the Lenders hereunder to make the Loans and to make payments pursuant to Section 11.04 are several and not joint. The
failure of any Lender to make any Loan or to make any payment under Section 11.04 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 Loans or to make its payment under Section 11.04.

    	39

    	

    

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

 

2.12 Payments
by the Lenders to the Administrative Agent. (a) Unless the Administrative Agent receives notice from a Lender (i) at least
one Business Day prior to the proposed Closing Date or (ii) in the event the Borrowing consists of Base Rate Loans, by 12:00 noon
Eastern time on the Closing Date, that such Lender will not make available as and when required hereunder to the Administrative
Agent for the account of the Borrower the amount of such Lender’s share of the Borrowing, the Administrative Agent may assume
that such Lender has made such amount available to the Administrative Agent in immediately available funds on the Closing Date
and the Administrative Agent may (but shall not be so required), in reliance upon such assumption, make available to the Borrower
on such date a corresponding amount.

 

(b) If and to the
extent any Lender shall not have made its share of the Borrowing available to the Administrative Agent in immediately available
funds and the Administrative Agent in such circumstances has made available to the Borrower such amount, such Lender shall on
the Business Day following the Closing Date make such amount available to the Administrative Agent, together with interest at
the Federal Funds Rate. If such amount is so made available, such payment to the Administrative Agent shall constitute such Lender’s
share of the Borrowing on the Closing Date for all purposes of this Agreement. If such amount is not made available to the Administrative
Agent on the Business Day following the Closing Date, the Administrative Agent will notify the Borrower of such failure to fund
and, upon demand by the Administrative Agent, the Borrower shall pay such amount to the Administrative Agent for the Administrative
Agent’s account, together with interest thereon for each day elapsed since the Closing Date, at a rate per annum equal to
the interest rate applicable at the time to the Loans.

 

(c) A notice of
the Administrative Agent submitted to any Lender with respect to amounts owing under subsection (b) above shall be conclusive
absent manifest error.

 

(d) The failure
of any Lender to make its share of the Borrowing on the Closing Date shall not relieve any other Lender of any obligation hereunder
to make its share of the Borrowing on the Closing Date, but no Lender shall be responsible for the failure of any other Lender
to make its share of the Borrowing on the Closing Date.

 

2.13 Sharing
of Payments. 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, resulting in such Lender’s receiving payment of a proportion
of the aggregate amount of such Loans 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 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, provided that:

    	40

    	

    

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

 

(b) the provisions
of this Section 2.13 shall not be construed to apply to (x) 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), or (y) any payment obtained by a Lender as consideration for the assignment of or sale of a participation
in any of its Loans to any assignee or participant (other than the Borrower or any Subsidiary thereof (as to which this Section
2.13 shall apply)).

 

The Borrower 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 any right of setoff or counterclaim with respect to such participation as
fully as if such Lender were a direct creditor of the Borrower in the amount of such participation.

 

2.14 Increase
in Aggregate Revolving Loan Commitment.

 

(a) Request for
Increase. Provided there exists no Event of Default or Unmatured Event of Default, upon notice to the Administrative Agent
(which shall promptly notify the Revolving Loan Lenders), the Borrower may from time to time, request an increase in the Aggregate
Revolving Loan Commitment by an amount (for all such requests) not exceeding $200,000,000 (such amount, the “Maximum
Revolving Credit Increase”); provided that any such request for an increase shall be in a minimum amount of $25,000,000
and in increments of $5,000,000 in excess thereof or, if less, the entire remaining unused Maximum Revolving Credit Increase.
At the time of sending such notice, the Borrower (in consultation with the Administrative Agent) shall specify the time period
within which each Revolving Loan Lender is requested to respond (which shall in no event be less than ten Business Days from the
date of delivery of such notice to the Lenders). Each Revolving Loan Lender shall notify the Administrative Agent within such
time period whether or not it agrees to increase its Revolving Loan Commitment and, if so, whether by an amount equal to, greater
than, or less than its Pro Rata Share of such requested increase. Any Revolving Loan Lender not responding within such time period
shall be deemed to have declined to increase its Revolving Loan Commitment. The Administrative Agent shall notify the Borrower
and each Revolving Loan Lender of the Revolving Loan Lenders’ responses to each request made hereunder. Such increase shall
be provided by existing Revolving Loan Lenders that, in response to a request of the Borrower in each such existing Revolving
Loan Lender’s sole discretion, agree to so increase their Revolving Loan Commitments and/or, subject to the approval of
the Administrative Agent and the Issuing Lenders (which approvals shall not be unreasonably withheld), by Eligible Assignees that
become Revolving Loan Lenders pursuant to a joinder agreement in form and substance satisfactory to the Administrative Agent and
its counsel; provided that the Commitment of each Eligible Assignee shall be in a minimum amount of $5,000,000.

 

(b) Effective
Date and Allocations. If the Aggregate Revolving Loan Commitment is increased in accordance with this Section 2.14,
the Administrative Agent and the Borrower shall mutually determine the effective date (the “Increase Effective Date”)
and the final allocation of 

    	41

    	

    

such increase. The Administrative Agent shall promptly notify the Borrower and the Lenders of the
final allocation of such increase and the Increase Effective Date.

 

(c) Conditions
to Effectiveness of Increase. As a condition precedent to such increase, the Borrower shall deliver to the Administrative
Agent a certificate of the Borrower dated as of the Increase Effective Date (and to the extent requested by the Administrative
Agent, in sufficient copies for each Lender) signed by a Responsible Officer (i) certifying and attaching the resolutions adopted
by the Borrower approving or consenting to such increase, and (ii) certifying that, before and after giving effect to such increase,
(A) the representations and warranties contained in Article VI are true and correct in all material respects (except, if
such representation or warranty is qualified by materiality, Material Adverse Effect or a similar concept applies, such representation
or warranty is true and correct in all respects) on and as of the Increase Effective Date, 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 (except,
if such representation or warranty is qualified by materiality, Material Adverse Effect or a similar concept applies, such representation
or warranty is true and correct in all respects) as of such earlier date, and except that for purposes of this Section 2.14,
the representations and warranties contained in subsections 6.11(a) and (b) shall be deemed to refer to the most
recent statements furnished pursuant to subsection 7.01(a), and (B) no Default exists. If the Revolving Loan Commitments
are being increased on a nonratable basis, the Borrower shall make such nonratable borrowings and such prepayments of Loans (and
pay any additional amounts required pursuant to Section 4.04) on the Increase Effective Date, to the extent necessary so
that after giving effect to such borrowings and prepayments, the Revolving Loans outstanding are held by the Revolving Loan Lenders
ratably in accordance with the revised Pro Rata Shares arising from the nonratable increase in the Revolving Loan Commitments
under this Section 2.14. For the avoidance of doubt, the terms of the Fee Letters shall not apply to any fees in connection
with any increase to the Aggregate Revolving Loan Commitment pursuant to this Section 2.14.

 

(d) Incremental
Agreement. If the Aggregate Revolving Loan Commitment is increased in accordance with this Section 2.14 (each an “Incremental
Loan Commitment”), such Incremental Loan Commitments shall be effected pursuant to one or more Incremental Agreements
executed and delivered by the Borrower, the Administrative Agent and the Revolving Loan Lenders increasing their Revolving Loan
Commitment in connection therewith (the “Incremental Revolving Loan Lenders”), which Incremental Agreement
may, without the consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents as may be
necessary or appropriate, in the opinion of the Administrative Agent, to effect the provisions of this Section 2.14.

 

(e) Conflicting
Provisions. This Section 2.14 shall supersede any provisions in Section 2.11 or 11.01 to the contrary.

 

2.15 Cash Collateral.

 

(a) Certain Credit
Support Events. If (i) an Issuing Lender has honored any full or partial drawing request under any Letter of Credit and such
drawing has resulted in an L/C Borrowing, (ii) any Letter of Credit remains outstanding and partially or wholly undrawn as of
the Revolving Credit Facility Termination Date, (iii) the Borrower shall be required to provide 

    	42

    	

    

Cash Collateral pursuant to subsection
9.02(a)(iii), 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 written request by the Administrative Agent or any Issuing
Lender, 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 2.16(a)(iv) and any Cash
Collateral provided by the Defaulting Lender)

 

(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 Issuing Lenders
and the Revolving Loan Lenders, and agrees to maintain, a first priority security interest in all such cash and deposit accounts
and all balances therein, and all other property so provided as collateral pursuant hereto, and in all proceeds of the foregoing,
all as security for the obligations to which such Cash Collateral may be applied pursuant to Section 2.15(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 as herein provided, or that the total amount of the Cash Collateral is less than the applicable Minimum Collateral Amount
and other obligations secured thereby, the Borrower or the relevant Defaulting Lender 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 shall be maintained in blocked, non-interest bearing deposit accounts at Bank of America. The Borrower shall
pay on written 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 2.15
or Sections 2.16, 9.02 or Article III 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 Appropriate Lender (or, as appropriate, its assignee following
compliance with Section 11.06(b)(vi))) or (ii) the determination of the Administrative Agent and the applicable Issuing
Lender that there exists excess Cash Collateral; provided, (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 applicable Issuing
Lender may agree that Cash Collateral shall not be released but instead held to support future anticipated Fronting Exposure or
other obligations.

    	43

    	

    

2.16 Defaulting
Lenders.

 

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

 

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

 

(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 IX or otherwise) or received
by the Administrative Agent from a Defaulting Lender pursuant to Section 11.09, 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 applicable Issuing Lender hereunder; third, to Cash Collateralize the applicable Issuing Lender’s Fronting Exposure
with respect to such Defaulting Lender in accordance with Section 2.15; fourth, as the Borrower may request (so long as
no Event of Default or Unmatured Event of Default exists), to the funding of any Loan in respect of which such Defaulting Lender
has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so
determined by the Administrative Agent and the Borrower, to be held in a deposit account and released pro rata in order to (x)
satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement and (y)
Cash Collateralize the applicable Issuing Lender’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 2.15; sixth, to the payment
of any amounts owing to the Administrative Agent, the applicable Issuing Lender or any other Lender as a result of any judgment
of a court of competent jurisdiction obtained by any Lender or the applicable Issuing Lender against such Defaulting Lender as
a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, to the payment on a pro rata
basis of any amounts owing to the Lenders as a result of any judgment of a court of competent jurisdiction obtained by any Lender
against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; eighth,
so long as no Event of Default or Unmatured Event of Default exists, to the payment of any amounts owing to the Borrower as a
result of any judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting Lender as a result
of such Defaulting Lender’s breach of its obligations under this Agreement; and ninth, to such Defaulting Lender or as otherwise
directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of
any 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 Sections 5.01 and
5.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and 

    	44

    	

    

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 are held by the
Lenders pro rata in accordance with the Commitments hereunder without giving effect to Section 2.16(a)(iv). Any payments,
prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting
Lender pursuant to this subsection 2.16(a)(ii) shall be deemed paid to and redirected by such Defaulting Lender, and each
Lender irrevocably consents hereto.

 

(iii) Certain
Fees. A Defaulting Lender (x) shall not be entitled to receive any facility fee pursuant to Section 2.09(c) for any
period during which such Lender is a Defaulting Lender except to the extent allocable to the sum of (1) the aggregate outstanding
principal amount of the Loans funded by it and (2) its Pro Rata Share of the stated amount of Letters of Credit for which it has
provided Cash Collateral pursuant to Sections 2.15, 9.02 or Article III, as applicable (and the Borrower
shall (A) be required to pay to the Issuing Lender, the amount of such fee allocable to its Fronting Exposure arising from such
Defaulting Lender and (B) not be required to pay the remaining amount of such fee that otherwise would have been required to have
been paid to such Defaulting Lender) and (y) shall be limited in its right to receive letter of credit fees as provided in Section
3.07.

 

(iv) Reallocation
of Pro Rata Shares to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Obligations
shall be reallocated among the non-Defaulting Lenders in accordance with their respective Pro Rata Share of the Revolving Credit
Facility (calculated without regard to such Defaulting Lender’s Revolving Loan Commitment) but only to the extent that (x)
the conditions set forth in Section 5.02 are satisfied at the time of such reallocation (and, unless the Borrower shall
have otherwise notified the Administrative Agent at such time, the Borrower shall be deemed to have represented and warranted
that such conditions are satisfied at such time), and (y) such reallocation does not cause the aggregate Revolving Credit Exposure
of any non-Defaulting Lender to exceed such non-Defaulting Lender’s Commitment. No reallocation hereunder shall constitute
a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting
Lender, including any claim of a non-Defaulting Lender as a result of such non-Defaulting Lender’s increased exposure following
such reallocation.

 

(v) Cash
Collateral. If the reallocation described in clause (a)(iv) above cannot, or can only partially, be effected, the Borrower
shall, without prejudice to any right or remedy available to it hereunder or under Applicable Law, Cash Collateralize the Issuing
Lenders’ Fronting Exposure in accordance with the procedures set forth in Section 2.15.

 

(b) Defaulting
Lender Cure. If the Borrower, the Administrative Agent and the Issuing Lenders agree in writing in their sole discretion 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

    	45

    	

    

 arrangements with respect to
any Cash Collateral), such Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of the other
Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Loans and funded and
unfunded participations in Letters of Credit to be held on a pro rata basis by the Lenders in accordance with their Pro Rata Shares
(without giving effect to Section 2.16(a)(iv)), whereupon such Lender will cease to be a Defaulting Lender; provided
that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower
while such Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly
agreed by the affected parties, no cessation of the status of a Lender as a Defaulting Lender will constitute a waiver or release
of any claim of any party hereunder arising from such Lender’s having been a Defaulting Lender.

 

ARTICLE
III. THE LETTERS OF CREDIT

 

3.01 The Letter
of Credit Subfacility. (a) On the terms and conditions set forth herein (i) each Issuing Lender agrees, in reliance upon the
agreements of the Revolving Loan Lenders set forth in this Article III, (A) from time to time on any Business Day during
the period from the Closing Date to the Revolving Credit Facility Termination Date to issue Letters of Credit for the account
of the Borrower, and to amend or renew Letters of Credit previously issued by it, in accordance with subsections 3.02(c)
and 3.02(d), and (B) to honor properly drawn drafts under the Letters of Credit issued by it; and (ii) the Revolving Loan
Lenders severally agree to participate in Letters of Credit Issued for the account of the Borrower; provided that no Issuing
Lender shall be obligated to Issue, and no Lender shall be obligated to participate in, any Letter of Credit if as of the date
of Issuance of such Letter of Credit (the “Issuance Date”) (1) the Total Revolving Loan Outstandings exceed
the Aggregate Revolving Loan Commitment, (2) the Effective Amount of all L/C Obligations would exceed the L/C Commitment or (3)
the participation of any Lender in the Effective Amount of all L/C Obligations plus the outstanding principal amount of the Revolving
Loans of such Lender would exceed such Lender’s Revolving Loan Commitment. Within the foregoing limits, and subject to the
other 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 which have expired or which
have been drawn upon and reimbursed.

 

(b) No Issuing Lender
shall be under any obligation to Issue any Letter of Credit if:

 

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

    	46

    	

    

the Borrower
and the Administrative Agent of any of the foregoing events or circumstances);

 

(ii) such
Issuing Lender has received written notice from any Revolving Loan Lender, the Administrative Agent or the Borrower, on or prior
to the Business Day prior to the requested date of Issuance of such Letter of Credit, that one or more of the applicable conditions
contained in Section 5.02 is not then satisfied;

 

(iii) the
expiry date of such requested Letter of Credit is after the Revolving Credit Facility Termination Date, unless all of the Revolving
Loan Lenders have approved such expiry date in writing;

 

(iv) such
Letter of Credit does not provide for drafts, or is not otherwise in form and substance reasonably acceptable to such Issuing
Lender, or the Issuance of a Letter of Credit shall violate any applicable policies of such Issuing Lender;

 

(v) such
Letter of Credit is denominated in a currency other than Dollars, unless all of the Revolving Loan Lenders have approved in writing
denominating such Letter of Credit in such currency; or

 

(vi) any
Revolving Loan Lender is at that time a Defaulting Lender, unless such Issuing Lender has entered into arrangements, including
the delivery of Cash Collateral, satisfactory to such Issuing Lender (in its sole discretion) with the Borrower or such Lender
to eliminate such Issuing Lender’s actual or potential Fronting Exposure (after giving effect to Section 2.16(a)(iv))
with respect to such Defaulting Lender arising from either the Letter of Credit then proposed to be issued or such Letter of Credit
and all other L/C Obligations as to which each Issuing Lender has actual or potential Fronting Exposure, as it may elect in its
sole discretion.

 

(c) No Issuing Lender
shall amend any Letter of Credit if such Issuing Lender would not be permitted at such time to issue the Letter of Credit in its
amended form under the terms hereof.

 

(d) No Issuing Lender
shall be under any obligation to amend any Letter of Credit if (A) such Issuing Lender 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.

 

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

    	47

    	

    

3.02 Issuance,
Amendment and Renewal of Letters of Credit. (a) Each Letter of Credit shall be issued or amended, as the case may be, upon
the irrevocable written request of the Borrower received by the applicable Issuing Lender (with a copy sent by the Borrower to
the Administrative Agent) at least two Business Days (or such shorter time as the applicable Issuing Lender and the Administrative
Agent may agree in a particular instance in their sole discretion) prior to the proposed date of issuance in the form of an L/C
Application or L/C Amendment Application, appropriately completed and signed by a Responsible Officer. Such L/C Application or
L/C Amendment Application may be sent by telecopier, by United States mail, by overnight courier, by electronic transmission using
the system provided by the applicable Issuing Lender, by personal delivery or by any other means acceptable to the applicable
Issuing Lender. Such L/C Application or L/C Amendment Application must be received by the applicable Issuing Lender and the Administrative
Agent not later than 12:00 noon Eastern time at least two Business Days (or such later date and time as the Administrative Agent
and the applicable Issuing Lender may agree in a particular instance in their sole 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 L/C
Application shall specify in form and detail satisfactory to the applicable Issuing Lender: (i) proposed issuance date of the
Letter of Credit; (ii) the amount of the Letter of Credit; (iii) the expiry date of the Letter of Credit; (iv) the name and address
of the beneficiary thereof; (v) the documents to be presented by the beneficiary of the Letter of Credit in case of any drawing
thereunder; (vi) the full text of any certificate to be presented by the beneficiary in case of any drawing thereunder; and (vii)
the purpose and nature of the requested Letter of Credit; and (vii) such other matters as the applicable Issuing Lender may reasonably
require related to the issuance of such Letter of Credit. In the case of a request for an L/C Amendment, such Letter of Credit
Application shall specify in form and detail satisfactory to the applicable Issuing Lender (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 such Issuing Lender may reasonably require related to the issuance of such Letter of Credit. Additionally,
the Borrower shall furnish to the applicable Issuing Lender and the Administrative Agent such other ordinary and customary documents
and information pertaining to such requested Letter of Credit issuance or amendment, including any L/C-Related Documents, as the
applicable Issuing Lender or the Administrative Agent may reasonably require.

 

(b) Promptly upon
receipt of any L/C Application or L/C Amendment Application, the applicable Issuing Lender will confirm with the Administrative
Agent (by telephone or in writing) that the Administrative Agent has received a copy of such L/C Application or L/C Amendment
Application from the Borrower and, if not, such Issuing Lender will provide the Administrative Agent with a copy thereof. Unless
the applicable Issuing Lender has received on or before the Business Day immediately preceding the date such Issuing Lender is
to issue or amend the applicable Letter of Credit, (A) notice from the Administrative Agent directing such Issuing Lender not
to issue such Letter of Credit because such issuance is not then permitted under subsection 3.01(a) as a result of the
limitations set forth in clauses (1) through (3) thereof or (B) a notice described in subsection 3.01(b)(ii)
or (C) any limitation set forth in clauses (iii) or (v) of subsection 3.01(b) has not been waived in
writing by all Revolving Loan Lenders, then, subject to the terms and conditions hereof, such Issuing Lender shall, on the requested
date, issue a Letter of Credit for the account of the Borrower, or enter into the applicable amendment, as the

    	48

    	

    

 case may be, in
each case in accordance with such Issuing Lender’s usual and customary business practices.

 

(c) From time to
time while a Letter of Credit is outstanding and prior to the Revolving Credit Facility Termination Date, the applicable Issuing
Lender will, upon the written request of the Borrower received by such Issuing Lender (with a copy sent by the Borrower to the
Administrative Agent) at least two Business Days (or such shorter time as the applicable Issuing Lender and the Administrative
Agent may agree in a particular instance in their sole discretion) prior to the proposed date of amendment, amend any Letter of
Credit issued by it. Each such request for amendment of a Letter of Credit shall be made by telecopier, confirmed immediately
(by messenger or overnight courier) in an original writing, made in the form of an L/C Amendment Application and shall specify
in form and detail satisfactory to such Issuing Lender: (i) the Letter of Credit to be amended; (ii) the proposed date of amendment
of such Letter of Credit (which shall be a Business Day); (iii) the nature of the proposed amendment; and (iv) such other matters
as such Issuing Lender may reasonably require related to the amendment of such Letter of Credit. No Issuing Lender shall have
any obligation to amend any Letter of Credit if: (A) such Issuing Lender would have no obligation at such time to issue such Letter
of Credit in its amended form under the terms of this Agreement; or (B) the beneficiary of such Letter of Credit does not accept
the proposed amendment to such Letter of Credit. The Administrative Agent will promptly notify the Revolving Loan Lenders of any
Issuance or amendment of a Letter of Credit.

 

(d) If the Borrower
so requests in any applicable L/C Application, any Issuing Lender may, in its sole and absolute 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 applicable Issuing Lender 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 three days (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 applicable Issuing Lender, the
Borrower shall not be required to make a specific request to the applicable Issuing Lender 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 applicable Issuing
Lender 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 applicable Issuing Lender shall not permit any such extension if (A) the applicable
Issuing Lender 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 subsection 3.01(b) or otherwise),
or (B) it has received notice (which may be by telephone or in writing) on or before the day that is five Business Days before
the Non-Extension Notice Date (1) from the Administrative Agent that the Required Revolving Loan 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 5.02 is not then satisfied, and in each such case directing the applicable Issuing Lender not to permit
such extension.

 

(e) Each Issuing
Lender may, at its election (or as required by the Administrative Agent at the direction of the Required Revolving Loan Lenders),
deliver any notice of 

    	49

    	

    

termination or other communication to any Letter of Credit beneficiary or transferee, and take any other
action as necessary or appropriate, at any time and from time to time, in order to cause the expiry date of such Letter of Credit
to be a date not later than the Revolving Credit Facility Termination Date unless otherwise permitted by the terms of this Agreement.

 

(f) Each Issuing
Lender will deliver to the Administrative Agent and the Borrower, concurrently or promptly following its delivery of a Letter
of Credit, or amendment to or renewal of a Letter of Credit, to an advising bank or a beneficiary, a true and complete copy of
such Letter of Credit or of such amendment or renewal.

 

3.03 Risk Participations,
Drawings and Reimbursements.

 

(a) Immediately
upon the Issuance of each Letter of Credit on or after the Closing Date, each Revolving Loan Lender shall be deemed to, and hereby
irrevocably and unconditionally agrees to, purchase from the applicable Issuing Lender a participation in such Letter of Credit
and each drawing thereunder in an amount equal to the product of (i) such Revolving Loan Lender’s Pro Rata Share times (ii)
the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively. For purposes
of Section 2.01, each Issuance of a Letter of Credit shall be deemed to utilize the Revolving Loan Commitment of each Revolving
Loan Lender by an amount equal to the amount of such participation.

 

(b) In the event
of any request for a drawing under a Letter of Credit by the beneficiary or transferee thereof, the applicable Issuing Lender
will promptly notify the Borrower and the Administrative Agent. The Borrower shall (subject, if applicable, to its right to obtain
Base Rate Loans as provided below) reimburse the applicable Issuing Lender prior to 11:00 a.m. Eastern time on each date that
any amount is paid by such Issuing Lender under any Letter of Credit (each such date, an “Honor Date”) in an
amount equal to the amount so paid by such Issuing Lender; provided that, to the extent that any Issuing Lender accepts
a drawing under a Letter of Credit after 12:00 noon Eastern time, the Borrower will not be obligated to reimburse such Issuing
Lender until the next Business Day and the “Honor Date” for such Letter of Credit shall be such next Business Day.
If the Borrower fails to reimburse any Issuing Lender for the full amount of any drawing under any Letter of Credit by 12:00 noon
Eastern time on the Honor Date, such Issuing Lender will promptly notify the Administrative Agent and the Administrative Agent
will promptly notify each Revolving Loan Lender thereof (no later than 12:00 noon Eastern time on such Honor Date), and the Borrower
shall be deemed to have requested that Base Rate Loans be made by the Revolving Loan Lenders to be disbursed on the Honor Date
in an amount equal to the amount of the unreimbursed drawing under such Letter of Credit (the “Unreimbursed Amount”),
without regard to the minimum and multiples specified in Section 2.03 for the principal amount of Base Rate Loans, subject
to the amount of the unutilized portion of the Aggregate Revolving Loan Commitment and subject to the conditions set forth in
Section 5.02 other than subsection 5.02(a). Any notice given by an Issuing Lender or the Administrative Agent pursuant
to this subsection 3.03(b) may be oral if immediately confirmed in writing (including by telecopier or electronic mail);
provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such
notice.

    	50

    	

    

(c) Each Revolving
Loan Lender shall upon any notice pursuant to subsection 3.03(b) make funds available (and the Administrative Agent may
apply Cash Collateral provided for this purpose) to the Administrative Agent for the account of the applicable Issuing Lender
an amount in Dollars and in immediately available funds equal to its Pro Rata Share of the amount of the drawing, whereupon the
Revolving Loan Lenders shall (subject to subsection 3.03(d)) each be deemed to have made a Revolving Loan consisting of
a Base Rate Loan to the Borrower in such amount. If any Revolving Loan Lender so notified fails to make available to the Administrative
Agent for the account of the applicable Issuing Lender the amount of such Revolving Loan Lender’s Pro Rata Share of the
amount of such drawing by no later than 2:00 p.m. Eastern time on the Honor Date, then interest shall accrue on such Revolving
Loan Lender’s obligation to make such payment, from the Honor Date to the date such Revolving Loan Lender makes such payment,
at a rate per annum equal to the greater of the Federal Funds Rate in effect from time to time during such period and a rate determined
by the applicable Issuing Lender in accordance with banking industry rules on interbank compensation, plus any administrative,
processing or similar fees customarily charged by the applicable Issuing Lender in connection with the foregoing. If such Revolving
Loan Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Revolving Loan Lender’s
Revolving Loan included in the relevant Borrowing or L/C Advance in respect of the relevant Borrowing, as the case may be. A certificate
of the applicable Issuing Lender submitted to any Revolving Loan Lender (through the Administrative Agent) with respect to any
amounts owing under this subsection 3.03(c) shall be conclusive absent manifest error. The Administrative Agent will promptly
give notice of the occurrence of the Honor Date, but failure of the Administrative Agent to give any such notice on the Honor
Date or in sufficient time to enable any Revolving Loan Lender to effect such payment on such date shall not relieve such Revolving
Loan Lender from its obligations under this Section 3.03.

 

(d) With respect
to any Unreimbursed Amount that is not converted into Base Rate Loans in whole or in part, because of the Borrower’s failure
to satisfy the conditions set forth in Section 5.02 (other than subsection 5.02(a) which need not be satisfied)
or for any other reason, the Borrower shall be deemed to have incurred from the applicable Issuing Lender an L/C Borrowing in
the amount of such Unreimbursed Amount, which L/C Borrowing shall be due and payable on demand and shall bear interest (payable
on demand) at a rate per annum equal to the Base Rate plus 2%, and each Lender’s payment to such Issuing Lender pursuant
to subsection 3.03(c) 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 3.03. Until each Revolving
Loan Lender funds its Revolving Loan or L/C Advance pursuant to this Section 3.03 to reimburse the applicable Issuing Lender
for any amount drawn under any Letter of Credit, interest in respect of such Revolving Loan Lender’s Pro Rata Share of such
amount shall be solely for the account of the applicable Issuing Lender.

 

(e) Each Revolving
Loan Lender’s obligation in accordance with this Agreement to make the Revolving Loans or L/C Advances, as contemplated
by this Section 3.03, as a result of a drawing under a Letter of Credit, shall be absolute and unconditional and without
recourse to any Issuing Lender and shall not be affected by any circumstance, including (i) any set-off, counterclaim, recoupment,
defense or other right which such Revolving Loan Lender may have against the applicable Issuing Lender, the Borrower or any other
Person for any reason whatsoever; (ii) the occurrence or continuance of an Event of Default, an Unmatured Event of 

    	51

    	

    

Default or
a Material Adverse Effect; or (iii) any other circumstance, happening, event or condition whatsoever, whether or not similar to
any of the foregoing; provided that each Revolving Loan Lender’s obligation to make Revolving Loans under this Section
3.03 is subject to the conditions set forth in Section 5.02 (other than subsection 5.02(a)). No such making
of an L/C Advance shall relieve or otherwise impair the obligation of the Borrower to reimburse the applicable Issuing Lender
for the amount of any payment made by the applicable Issuing Lender under any Letter of Credit, together with interest as provided
herein.

 

3.04 Repayment
of Participations. (a) Upon (and only upon) receipt by the Administrative Agent for the account of any Issuing Lender of immediately
available funds from the Borrower (i) in reimbursement of any payment made by such Issuing Lender under a Letter of Credit with
respect to which any Revolving Loan Lender has paid the Administrative Agent for the account of such Issuing Lender for such Revolving
Loan Lender’s participation in such Letter of Credit pursuant to Section 3.03 or (ii) in payment of interest thereon
(whether directly from the Borrower or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative
Agent), the Administrative Agent will pay to each Revolving Loan Lender, in the same funds as those received by the Administrative
Agent for the account of such Issuing Lender, the amount of such Lender’s Pro Rata Share of such funds, and such Issuing
Lender shall receive the amount of the Pro Rata Share of such funds of any Revolving Loan Lender that did not so pay the Administrative
Agent for the account of such Issuing Lender.

 

(b) If the Administrative
Agent or any Issuing Lender is required at any time to return to the Borrower, or to a trustee, receiver, liquidator or custodian,
or to any official in any Insolvency Proceeding, any portion of any payment made by the Borrower or the Revolving Loan Lenders
to the Administrative Agent for the account of such Issuing Lender pursuant to subsection 3.04(a) in reimbursement of a
payment made under a Letter of Credit or interest or fee thereon, each Revolving Loan Lender shall, on demand of the Administrative
Agent, forthwith return to the Administrative Agent or the applicable Issuing Lender the amount of its Pro Rata Share of any amount
so returned by the Administrative Agent or such Issuing Lender plus interest thereon from the date such demand is made to the
date such amount is returned by such Lender to the Administrative Agent or such Issuing Lender, at a rate per annum equal to the
Federal Funds Rate in effect from time to time. The obligations of the Revolving Loan Lenders under this clause shall survive
the payment in full of the Obligations and the termination of this Agreement.

 

3.05 Role of
the Issuing Lenders. (a) Each Revolving Loan Lender and the Borrower agree that, in paying any drawing under a Letter of Credit,
the applicable Issuing Lender shall not have any responsibility to obtain any document (other than any sight draft, certificates
or 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.

 

(b) No Issuing Lender
or Agent-Related Person, nor any of their respective Related Parties nor any correspondent, participant or assignee of an Issuing
Lender, shall be liable to any Revolving Loan Lender for: (i) any action taken or omitted in connection herewith at the request
or with the approval of the Revolving Loan Lenders or the Required Revolving Loan Lenders, as applicable; (ii) any action taken
or omitted in the absence of gross negligence or willful 

    	52

    	

    

misconduct; or (iii) the due execution, effectiveness, validity or enforceability
of any L/C-Related Document.

 

(c) 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 that this assumption is not intended to, and shall not, preclude the Borrower’s pursuing such rights and
remedies as it may have against the beneficiary or transferee at law or under any other agreement. No Issuing Lender or Agent-Related
Person, nor any of their respective Related Parties, nor any correspondent, participant or assignee of an Issuing Lender, shall
be liable or responsible for any of the matters described in clauses (i) through (vii) of Section 3.06; provided
that, anything in such clauses to the contrary notwithstanding, the Borrower may have a claim against an Issuing Lender, and
such Issuing Lender 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 were caused by such Issuing Lender’s willful misconduct
or gross negligence or such Issuing Lender’s willful failure to pay under any Letter of Credit after the presentation to
it by the beneficiary of a sight draft and certificate(s) strictly complying with the terms and conditions of such Letter of Credit.
In furtherance and not in limitation of the foregoing: (i) an Issuing Lender 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 (ii)
no Issuing Lender shall be responsible for the validity or sufficiency of any instrument transferring or assigning or purporting
to transfer 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 Issuing Lender may send a Letter of Credit or conduct any communication
to or from the beneficiary via the Society for Worldwide Interbank Financial Telecommunication message or overnight courier, or
any other commercially reasonable means of communicating with a beneficiary.

 

3.06 Obligations
Absolute. The obligations of the Borrower under this Agreement and any L/C-Related Document to reimburse the applicable Issuing
Lender for a drawing under a Letter of Credit, and to repay any L/C Borrowing and any drawing under a Letter of Credit converted
into Loans, shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this
Agreement and each such other L/C-Related Document under all circumstances, including the following:

 

(i) any
lack of validity or enforceability of this Agreement or any L/C-Related Document;

 

(ii) any
change in the time, manner or place of payment of, or in any other term of, all or any of the obligations of the Borrower in respect
of any Letter of Credit or any other amendment or waiver of or any consent to departure from all or any of the L/C-Related Documents;

 

(iii) the
existence of any claim, counterclaim, set-off, defense or other right that the Borrower or any Subsidiary may have at any time
against any beneficiary or any transferee of any Letter of Credit (or any Person for whom any such beneficiary or any such transferee
may be acting), the applicable Issuing Lender or any other Person, 

    	53

    	

    

whether in connection with this Agreement, the transactions
contemplated hereby or by any L/C-Related Document or any unrelated transaction;

 

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

 

(v) waiver
by the applicable Issuing Lender of any requirement that exists for such Issuing Lender’s protection and not the protection
of the Borrower or any waiver by such Issuing Lender which does not in fact materially prejudice the Borrower;

 

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

 

(vii) any
payment made by the applicable Issuing Lender 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 Uniform Commercial Code or the ISP, as applicable;

 

(viii) any
payment by an Issuing Lender under any 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 an Issuing Lender under any 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 any Letter of Credit, including any arising in connection
with any Insolvency Proceeding;

 

(ix) any
exchange, release or non-perfection of any collateral, or any release or amendment or waiver of or consent to departure from any
other guarantee, for all or any of the obligations of the Borrower in respect of any Letter of Credit; or

 

(x) 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, the Borrower or a guarantor.

 

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 promptly notify the applicable
Issuing Lender. The Borrower shall be conclusively deemed to have waived any such claim against such Issuing Lender and its correspondents
unless such notice is given as aforesaid.

 

3.07 Letter of
Credit Fees. (a) The Borrower shall pay to the Administrative Agent for the account of each Revolving Loan Lender a letter
of credit fee with respect to each Letter of Credit equal to the L/C Fee Rate per annum of the average daily maximum amount available
to be drawn on such Letter of Credit; provided that each Defaulting Lender shall be entitled to receive letter of credit
fees for any period during which that Revolving Loan Lender is a 

    	54

    	

    

Defaulting Lender only to the extent allocable to its Pro Rata
Share of the stated amount of Letters of Credit for which it has provided Cash Collateral pursuant to Section 2.16. With
respect to any letter of credit fee not required to be paid to any Defaulting Lender pursuant to the preceding sentence, the Borrower
shall (x) pay to each other Revolving Loan 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 other Revolving Loan
Lender pursuant to Section 2.16, (y) pay to the applicable Issuing Lender the amount of any such fee otherwise payable
to such Defaulting Lender to the extent allocable to such Issuing Lender’s Fronting Exposure to such Defaulting Lender,
and (z) not be required to pay the remaining amount of any such fee. 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 1.04.
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 Revolving Credit Facility
Termination Date (or such later date upon which all outstanding Letters of Credit shall expire or be fully drawn) and thereafter
on demand and (ii) computed on a quarterly basis in arrears. If there is any change in the Applicable Margin during any quarter,
the daily amount available to be drawn under each Letter of Credit shall be computed and multiplied by the Applicable Margin separately
for each period during such quarter that such Applicable Margin was in effect. Notwithstanding anything to the contrary contained
herein, upon the request of the Required Revolving Loan Lenders, while any Event of Default exists, all letter of credit fees
shall accrue at a rate per annum equal to the sum of the otherwise applicable L/C Fee Rate plus 2%.

 

(b) The Borrower
shall pay to each Issuing Lender a letter of credit fronting fee at such times and in such amounts as are mutually agreed to from
time to time by the Borrower and such Issuing Lender.

 

(c) The Borrower
shall pay to each Issuing Lender from time to time on demand the normal issuance, presentation, amendment and other processing
fees, and other standard costs and charges, of such Issuing Lender relating to letters of credit as from time to time in effect.

 

3.08 Applicability
of ISP; Limitation of Liability Applicability of ISP. Unless otherwise expressly agreed by the applicable Issuing Lender and
the Borrower when a Letter of Credit is issued, the rules of the ISP shall apply to each standby Letter of Credit. Notwithstanding
the foregoing, the applicable Issuing Lender shall not be responsible to the Borrower for, and such Issuing Lender’s rights
and remedies against the Borrower shall not be impaired by, any action or inaction of such Issuing Lender 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 Applicable Law or any order of a jurisdiction where such Issuing Lender or the beneficiary is located, the practice stated
in the ISP 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.

 

3.09 Conflict
with L/C Related Documents. In the event of any conflict between the terms hereof and the terms of any L/C-Related Document,
the terms hereof shall control.

    	55

    	

    

ARTICLE
IV. TAXES, YIELD PROTECTION AND ILLEGALITY

 

4.01 Taxes. (a)
Any and all payments by any Loan Party to each Lender or the Administrative Agent under this Agreement and any other Loan Document
shall be made free and clear of, and without deduction or withholding for, any Taxes. In addition, the Loan Parties shall pay
all Other Taxes and Further Taxes.

 

(b) If any Loan
Party or the Administrative Agent shall be required by law to deduct or withhold any Taxes, Other Taxes or Further Taxes from
or in respect of any sum payable hereunder to any Lender or the Administrative Agent, then:

 

(i) the
sum payable by such Loan Party shall be increased as necessary so that, after making all required deductions and withholdings
(including deductions and withholdings applicable to additional sums payable under this Section 4.01), such Lender or the
Administrative Agent, as the case may be, receives and retains an amount equal to the sum it would have received and retained
had no such deductions or withholdings been made;

 

(ii) such
Loan Party or the Administrative Agent, as applicable, shall make such deductions and withholdings; and

 

(iii) such
Loan Party or the Administrative Agent, as applicable, shall pay the full amount deducted or withheld to the relevant taxing authority
or other authority in accordance with Applicable Law.

 

(c) Each Loan Party
agrees to indemnify and hold harmless each Lender and the Administrative Agent for the full amount of Taxes, Other Taxes and Further
Taxes in the amount that such Lender specifies as necessary to preserve the after-tax yield the Administrative Agent or such Lender
would have received if such Taxes, Other Taxes or Further Taxes had not been imposed, and any liability (including penalties,
interest, additions to tax and expenses) arising therefrom or with respect thereto, whether or not such Taxes, Other Taxes or
Further Taxes were correctly or legally asserted. Payment under this indemnification shall be made within 30 days after the date
the Administrative Agent or such Lender makes written demand therefor.

 

(d) Within 30 days
after the date of any payment by a Loan Party of any Taxes, Other Taxes or Further Taxes, the Borrower shall furnish each Appropriate
Lender and the Administrative Agent the original or a certified copy of a receipt evidencing payment thereof, or other evidence
of payment satisfactory to such Lender and the Administrative Agent.

 

(e) If a Loan Party
is required to pay any amount to any Lender or the Administrative Agent pursuant to subsection 4.01(b) or (c), then
such Lender shall use reasonable efforts (consistent with legal and regulatory restrictions) to change the jurisdiction of its
Lending Office so as to eliminate any such additional payment by the Borrower which may thereafter accrue, if such change in the
sole judgment of such Lender is not otherwise disadvantageous to such Lender.

 

(f) Notwithstanding
the foregoing provisions of this Section 4.01, if any Lender fails to notify the applicable Loan Party of any event or
circumstance which will entitle such Lender 

    	56

    	

    

to compensation pursuant to this Section 4.01 within 120 days after such Lender
obtains knowledge of such event or circumstance, then such Lender shall not be entitled to compensation from such Loan Party for
any amount arising prior to the date which is 120 days before the date on which such Lender notifies such Loan Party of such event
or circumstance.

 

(g) For purposes
of Section 10.09(f) and this Section 4.01, the terms “law” and “Applicable Law” include
FATCA.

 

4.02 Illegality.
(a) If any Lender determines that the introduction of any Requirement of Law, or any change in any Requirement of Law, or
in the interpretation or administration of any Requirement of Law, has made it unlawful, or that any central bank or other Governmental
Authority has asserted that it is unlawful, for such Lender or its applicable Lending Office to make or maintain Eurodollar Rate
Loans or Base Rate Loans the interest rate on which is determined by reference to the Eurodollar Rate component of the Base Rate,
then, on notice thereof by such Lender to the Borrower through the Administrative Agent, (i) any obligation of such Lender to
make or continue Eurodollar 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 such 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. Notwithstanding anything herein to the contrary, for purposes of this Section 4.02
and Section 4.03, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines
or directives thereunder or issued in connection therewith 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 a Requirement of Law”, a “change in law” and a “change in a Capital Adequacy Regulation”,
regardless of the date enacted, adopted or issued.

 

(b) If a Lender
determines that it is unlawful to maintain any Eurodollar Rate Loan, the Borrower shall, upon its receipt of notice of such fact
and demand from such Lender (with a copy to the Administrative Agent), prepay in full such Eurodollar Rate Loan of such Lender
then outstanding, together with interest accrued thereon and amounts required under Section 4.04, either on the last day
of the Interest Period thereof, if such Lender may lawfully continue to maintain such Eurodollar Rate Loan to such day, or immediately,
if such Lender may not lawfully continue to maintain such Eurodollar Rate Loan. If the Borrower is required to so prepay any Eurodollar
Rate Loan, then concurrently with such prepayment, the Borrower shall borrow from the affected Lender, in the amount of such repayment,
a Base Rate Loan (and the interest rate on such 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). 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 

    	57

    	

    

Lender that it is no longer illegal for such
Lender to determine or charge interest rates based upon the Eurodollar Rate.

 

(c) If the obligation
of any Lender to make or maintain Eurodollar Rate Loans has been so terminated or suspended, all Loans which would otherwise be
made by such Lender as Eurodollar Rate Loans shall be instead Base Rate Loans.

 

(d) Before giving
any notice to the Administrative Agent under this Section 4.02, the affected Lender shall designate a different Lending
Office with respect to its Eurodollar Rate Loans if such designation will avoid the need for giving such notice or making such
demand and will not, in the judgment of such Lender, be illegal or otherwise disadvantageous to such Lender.

 

4.03 Increased
Costs and Reduction of Return. (a) If any Lender determines that, due to either (i) the introduction of or any change (other
than any change by way of imposition of or increase in reserve requirements included in the calculation of the Eurodollar Rate)
in or in the interpretation of any law or regulation or (ii) compliance by such Lender with any guideline or request from any
central bank or other Governmental Authority (whether or not having the force of law), there shall be any increase in the cost
to such Lender of agreeing to make or making, funding, converting to, continuing or maintaining any Eurodollar Rate Loan or Base
Rate Loan the interest rate on which is determined by reference to the Eurodollar Rate component of the Base Rate or participating
in any Letter of Credit, or, in the case of any Issuing Lender, any increase in the cost to such Issuing Lender of agreeing to
issue, issuing or maintaining any Letter of Credit or of agreeing to make or making, funding or maintaining any unpaid drawing
under any Letter of Credit, then the Borrower shall be liable for, and shall from time to time, upon demand (with a copy of such
demand to be sent to the Administrative Agent), pay to the Administrative Agent for the account of such Lender, additional amounts
as are sufficient to compensate such Lender for such increased cost.

 

(b) If any Lender
shall have determined that (i) the introduction of any Capital Adequacy Regulation, (ii) any change in any Capital Adequacy Regulation,
(iii) any change in the interpretation or administration of any Capital Adequacy Regulation by any central bank or other Governmental
Authority charged with the interpretation or administration thereof, or (iv) compliance by such Lender (or its Lending Office)
or any corporation controlling such Lender with any Capital Adequacy Regulation affects or would affect the amount of capital
or liquidity required or expected to be maintained by such Lender or any corporation controlling such Lender and (taking into
consideration such Lender’s or such corporation’s policies with respect to capital adequacy and such Lender’s
desired return on capital) determines that the amount of such capital or liquidity is increased as a consequence of its Commitment,
Loans or obligations under this Agreement, then, upon demand of such Lender to the Borrower through the Administrative Agent,
the Borrower shall pay to such Lender, from time to time as specified by such Lender, additional amounts sufficient to compensate
such Lender for such increase.

 

(c) Notwithstanding
the foregoing provisions of this Section 4.03, if any Lender fails to notify the Borrower of any event or circumstance
which will entitle such Lender to compensation pursuant to this Section 4.03 within 60 days after such Lender obtains knowledge
of such event or circumstance, then such Lender shall not be entitled to compensation from the Borrower for any amount arising
prior to the date which is 60 days before the date on which such 

    	58

    	

    

Lender notifies the Borrower of such event or circumstance (except
that, if the event or circumstance giving rise to such compensation is retroactive, then the 60-day period referred to above shall
be extended to include the period of retroactive effect thereof).

 

4.04 Funding
Losses. The Borrower shall reimburse each Lender and hold each Lender harmless from any loss or expense which the Lender may
sustain or incur as a consequence of:

 

(a) the failure
of the Borrower to make on a timely basis any payment of principal of any Eurodollar Rate Loan;

 

(b) the failure
of the Borrower to borrow, continue or convert a Loan after the Borrower has given (or is deemed to have given) a Notice of Borrowing
or a Notice of Conversion/Continuation, as applicable, for such Loan;

 

(c) the failure
of the Borrower to make any prepayment in accordance with any notice delivered under Section 2.06;

 

(d) the prepayment
(including after acceleration thereof) of a Eurodollar Rate Loan on a day that is not the last day of the relevant Interest Period;
or

 

(e) any assignment
of a Eurodollar Rate Loan on a day other than the last day of the Interest Period therefore as a result of a request by the Borrower
pursuant to Section 4.07;

 

including any such
loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain its Eurodollar Rate Loans or
from fees payable to terminate the deposits from which such funds were obtained. For purposes of calculating amounts payable by
the Borrower to the Lenders under this Section 4.04 and under subsection 4.03(a), each Eurodollar Rate Loan made
by a Lender (and each related reserve, special deposit or similar requirement) shall be conclusively deemed to have been funded
at the Eurodollar Base Rate used in determining the Eurodollar Rate for such Eurodollar Rate Loan by a matching deposit or other
borrowing in the interbank eurodollar market for a comparable amount and for a comparable period, whether or not such Eurodollar
Rate Loan is in fact so funded.

 

4.05 Inability
to Determine Rates. If in connection with any request for a Eurodollar Rate Loan or a conversion to or continuation thereof,
(a) the Administrative Agent determines that (i) Dollar deposits are not being offered to banks in the London interbank market
for the applicable amount and Interest Period of such Eurodollar Rate Loan, or (ii) 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 (in each case with respect to clause (a)(i) above, “Impacted Loans”),
or (b) 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 

    	59

    	

    

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 upon the 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.

 

Notwithstanding the
foregoing, if the Administrative Agent has made the determination described in subsection 4.05(a)(i), the Administrative
Agent, in consultation with the Borrower and the Required Lenders, 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 (a) of the first sentence of this Section
4.05, (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.

 

4.06 Certificates
of Lenders. Any Lender claiming reimbursement or compensation under this Article IV shall deliver to the Borrower (with
a copy to the Administrative Agent) a certificate setting forth in reasonable detail the amount payable to such Lender hereunder
and the manner in which such amount has been calculated, and such certificate shall be conclusive and binding on the Borrower
in the absence of manifest error.

 

4.07 Substitution
of Lenders. Upon the receipt by the Borrower from any Lender of a claim for compensation under Section 4.01 or 4.03
or a notice of the type described in Section 4.02 or if any Lender is a Defaulting Lender or any Lender (each such
Lender, a “Non-Consenting Lender”) fails to consent to an amendment, modification or waiver of this Agreement
that requires consent of 100% of the Lenders or consent of affected Lenders and is otherwise approved by the Required Lenders,
then the Borrower may: (i) designate a replacement bank or financial institution satisfactory to the Borrower (a “Replacement
Lender”) to acquire and assume all of such affected Lender’s Loans; and/or (ii) request one or more of the other
Lenders to acquire and assume all of such affected Lender’s Commitments and/ or outstanding Loans, as the case may be. Any
designation of a Replacement Lender under clause (i) shall be subject to the prior written consent of the Administrative Agent
(which consent shall not be unreasonably withheld or delayed). A Lender shall not be required to make any such assignment to a
Replacement Lender if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower
to replace such Lender pursuant to this Section 4.07 cease to apply.

    	60

    	

    

4.08 Survival.
The agreements and obligations of the Borrower in this Article IV shall survive the termination of this Agreement,
the payment of all other Obligations and the resignation of the Administrative Agent.

 

ARTICLE
V. CONDITIONS PRECEDENT

 

5.01 Conditions
to Initial Credit Extensions. The obligation of the each Lender to make its initial Credit Extension under, and the effectiveness
of, this Agreement shall be subject to the condition that the Administrative Agent shall have received all of the following, in
form and substance satisfactory to the Administrative Agent, each Lead Arranger and each Lender, and (except for the Notes) in
sufficient copies for each Lender, on or before May 30, 2014:

 

(a) Agreement
and Notes. This Agreement and the Notes executed by each party hereto and thereto.

 

(b) Resolutions;
Incumbency.

 

(i) Copies
of the resolutions of the board of directors of the Borrower authorizing the execution and delivery of the Loan Documents to which
the Borrower is a party and the consummation of the transactions contemplated hereby, certified as of the Closing Date by the
Secretary or an Assistant Secretary of the Borrower; and

 

(ii) a
certificate of the Secretary or Assistant Secretary of the Borrower certifying the names and true signatures of the officers of
the Borrower authorized to execute and deliver the Loan Documents, Notices of Borrowing, Notices of Conversion/Continuation, Compliance
Certificates, L/C Applications, L/C Amendment Applications to which such Person is a party and other documents in connection herewith.

 

(c) Organization
Documents. The articles or certificate of incorporation and the bylaws of the Borrower as in effect on the Closing Date, certified
by the Secretary or Assistant Secretary of the Borrower as of the Closing Date.

 

(d) Legal Opinions.
An opinion of counsel to the Borrower, in form and substance satisfactory to the Administrative Agent and the Lenders.

 

(e) Closing Certificate.
A certificate of the Chief Financial Officer of the Borrower certifying as to, and demonstrating the calculation of, the Total
Net Debt to EBITDA Ratio as of the last day of the fiscal quarter of the Borrower most recently ended prior to the Closing Date
for which financial statements have been filed with the SEC.

 

(f) Payment of
Fees. Evidence of payment by the Borrower of all accrued and unpaid fees, costs and expenses of the Lead Arrangers and the
Administrative Agent to the extent then due and payable hereunder on the Closing Date, together with external Attorney Costs of
Bank of America to the extent invoiced prior to or on the Closing Date.

 

(g) Officer’s
Certificate. A certificate signed by a Responsible Officer, dated as of the Closing Date, stating that:

    	61

    	

    

(i) the
representations and warranties contained in Sections 6.01, 6.02, 6.04, 6.08, 6.13 and 6.20,
are accurate and complete in all material respects (except, if a qualifier relating to materiality,
Material Adverse Effect or a similar concept applies, such representation or warranty is true and correct in all respects) on
and as of such date, as though made on and as of such date, except to the extent that such representations and warranties specifically
refer to an earlier date, in which case they are accurate and complete in all material respects (except,
if a qualifier relating to materiality, Material Adverse Effect or a similar concept applies, such representation or warranty
is true and correct in all respects) as of such earlier date;

 

(ii) no
Event of Default or Unmatured Event of Default exists or would result from the effectiveness of this Agreement and the incurrence
of all Indebtedness contemplated hereby (including, without limitation, the Loans to be made on the Closing Date);

 

(iii) since
December 28, 2013, no event or condition has occurred or could reasonably be expected to occur that, either individually or in
the aggregate, has resulted or could reasonably be expected to result in a Material Adverse Effect; and

 

(iv) the
Borrower and its Subsidiaries are in compliance in all material respects with all existing Material Financial Obligations.

 

(h) Solvency
Certificate. A certificate signed by the Chief Financial Officer of the Borrower certifying that the Borrower and its Subsidiaries,
taken as a whole (after giving effect to all Indebtedness contemplated hereby (including, without limitation, the Loans to be
made on the Closing Date)), are Solvent.

 

(i) Repayment
and Termination of Existing Term Loan Credit Agreement.

 

(i) Instructions
by the Borrower to apply the initial Credit Extensions hereunder to payment of all outstanding obligations under the Existing
Term Loan Credit Agreement; and

 

(ii) Evidence
that the Existing Term Loan Credit Agreement have been or concurrently with the Closing Date are being terminated, that all “Obligations”
under and as defined in the Existing Term Loan Credit Agreement will be canceled and any related obligations and all other amounts
due thereunder have been or concurrently with the Closing Date are being paid off and terminated (other than indemnification obligations
that customarily survive repayment and termination of credit facilities).

 

(j) Notice.
A Notice of Borrowing as required under Section 2.01.

 

(k) Other Documents.
Such other approvals, opinions, documents or materials as the Administrative Agent or any Lender may reasonably request, including
all documentation and other information about the Borrower and its Subsidiaries that it reasonably determines is required by regulatory
authorities under applicable “know your customer” and anti-money laundering rules and regulations, including, without
limitation, the USA PATRIOT Act.

    	62

    	

    

Without limiting the
generality of the provisions of Section 10.04, for purposes of determining compliance with the conditions specified in
this Section 5.01 (other than subsection 5.01(f)), 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 hereunder 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 Closing Date specifying its objection thereto.

 

5.02 Conditions
to All Credit Extensions. The obligation of each Lender to make any Credit Extension under the Revolving Credit Facility and
the obligation of any Issuing Lender to Issue any Letter of Credit is subject to the satisfaction of the following conditions
precedent on the relevant Borrowing Date or Issuance Date:

 

(a) Notice, Application.
The Agent shall have received a Notice of Borrowing as required under Section 2.03, or in the case of the Issuance of any
Letter of Credit, the applicable Issuing Lender and the Administrative Agent shall have received an L/C Application or L/C Amendment
Application, as required under Section 3.02.

 

(b) Continuation
of Representations and Warranties. The representations and warranties in Article VI 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 (except, if such representation or warranty is qualified by materiality, Material Adverse Effect or a
similar concept applies, such representation or warranty is true and correct in all respects) on and as of such Borrowing Date
or Issuance Date with the same effect as if made on and as of such Borrowing Date or Issuance Date (except to the extent such
representations and warranties expressly refer to an earlier date, in which case they shall be true and correct in all material
respects (except, if such representation or warranty is qualified by materiality, Material Adverse Effect or a similar concept
applies, such representation or warranty is true and correct in all respects) as of such earlier date).

 

(c) No Existing
Default. No Event of Default or Unmatured Event of Default shall exist or shall result from such Credit Extension.

 

Each Notice of Borrowing,
notice of acceptance of an L/C Application and L/C Amendment Application submitted by the Borrower hereunder shall constitute
a representation and warranty by the Borrower that, as of the date of each such notice and as of the relevant Borrowing Date or
Issuance Date, as applicable, the conditions in this Section 5.02 are satisfied.

 

ARTICLE
VI. REPRESENTATIONS AND WARRANTIES

 

The Borrower represents
and warrants to the Administrative Agent and each Lender for itself and each of its Subsidiaries that:

 

6.01 Corporate
Existence and Power. The Borrower, each other Loan Party and each of their Subsidiaries:

 

(a) is a corporation,
limited liability company or similar organization, as the case may be, duly organized or formed and validly existing and, if applicable
in the jurisdiction of its 

    	63

    	

    

incorporation or formation, in good standing under the laws of the jurisdiction of its incorporation
or formation;

 

(b) has the power
and authority and all governmental licenses, authorizations, consents and approvals (i) to own its assets and to carry on its
business and (ii) to execute, deliver and perform its obligations under the Loan Documents to which it is a party;

 

(c) is duly qualified
as a foreign corporation and is licensed and in good standing under the laws of each jurisdiction where its ownership, lease or
operation of property or the conduct of its business requires such qualification or license; and

 

(d) is in compliance
with all Requirements of Law;

 

except, in each case referred to in subclause
(b)(i), clause (c) or clause (d), to the extent that the failure to do so could not reasonably be expected to
have a Material Adverse Effect.

 

6.02 Corporate
Authorization; No Contravention. The execution, delivery and performance by the Borrower and each other Loan Party of each
Loan Document to which it is party have been duly authorized by all necessary corporate action, and do not and will not:

 

(a) contravene the
terms of any of its Organization Documents;

 

(b) conflict with
or result in any breach or contravention of, or the creation of any Lien under, any document evidencing any material Contractual
Obligation to which the Borrower or any of its Subsidiaries is a party or any order, injunction, writ or decree of any Governmental
Authority to which the Borrower or any of its Subsidiaries or any of its or their property is subject; or

 

(c) violate any
Requirement of Law.

 

6.03 Governmental
Authorization. No approval, consent, exemption, authorization or other action by, or notice to, or filing with, any Governmental
Authority is necessary or required as a condition to the execution, delivery or performance by, or enforcement against, any Loan
Party of the Agreement or any other Loan Document.

 

6.04 Binding
Effect. This Agreement and each other Loan Document to which a Loan Party is party constitute the legal, valid and binding
obligations of such Loan Party, enforceable against such Loan Party in accordance with their respective terms, except as enforceability
may be limited by applicable bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally
or by equitable principles relating to enforceability.

 

6.05 Litigation.
There are no actions, suits, proceedings, claims or disputes pending or, to the best knowledge of any Loan Party, threatened
or contemplated, at law, in equity, in arbitration or before any Governmental Authority, against any Loan Party or any Subsidiary
of a Loan Party or any of their respective properties (a) which purport to affect or pertain to this Agreement or any other Loan
Document, or any of the transactions contemplated hereby or thereby; or (b) as to which there exists a reasonable likelihood of
an adverse determination, which determination would reasonably be expected to have a Material Adverse Effect. No 

    	64

    	

    

injunction, writ,
temporary restraining order or other order of any nature has been issued by any court or other Governmental Authority purporting
to enjoin or restrain the execution, delivery or performance of this Agreement or any other Loan Document, or directing that the
transactions provided for herein or therein not be consummated as herein or therein provided.

 

6.06 No Default.
No Event of Default or Unmatured Event of Default exists or would result from the incurring of any Obligations by the Borrower.
As of the Closing Date, neither the Borrower, any other Loan Party nor any Subsidiary of any Loan Party is in default under or
with respect to any Contractual Obligation in any respect which, individually or together with all such defaults, could reasonably
be expected to have a Material Adverse Effect.

 

6.07 ERISA Compliance.

 

(a) Except as could
not reasonably be expected to have a Material Adverse Effect, (i) each Plan has been administered in compliance with the applicable
provisions of ERISA, the Code and other federal or state law; (ii) each Plan which is intended to qualify under Section 401(a)
of the Code has received a favorable determination letter from the IRS and to the best knowledge of any Loan Party, nothing has
occurred which would cause the loss of such qualification and (iii) the Borrower and each ERISA Affiliate has made all required
contributions to any Plan subject to Section 412 of the Code, and no application for a funding waiver or an extension of any amortization
period pursuant to Section 412 of the Code has been made with respect to any Plan.

 

(b) There are no
pending or, to the best knowledge of any Loan Party, threatened claims, actions or lawsuits, or action by any Governmental Authority,
with respect to any Plan which has resulted or could reasonably be expected to result in a Material Adverse Effect. There has
been no prohibited transaction or violation of the fiduciary responsibility rules with respect to any Plan which has resulted
or could reasonably be expected to result in a Material Adverse Effect.

 

(c) Except as could
not reasonably be expected to have a Material Adverse Effect, (i) no ERISA Event has occurred or is reasonably expected to occur;
(ii) no contribution failure has occurred with respect to a Pension Plan sufficient to give rise to a Lien under Section 303(k)
of ERISA or Section 430(k) of the Code; (iii) no Loan Party or any ERISA Affiliate has incurred, or reasonably expects to incur,
any liability under Title IV of ERISA with respect to any Pension Plan (other than premiums due and not delinquent under Section
4007 of ERISA); (iv) no Loan Party or any ERISA Affiliate has incurred, or reasonably expects to incur, any liability (and no
event has occurred which, with the giving of notice under Section 4219 of ERISA, would result in such liability) under Section
4201 or 4243 of ERISA with respect to a Multiemployer Plan; and (v) no Loan Party or any ERISA Affiliate has engaged in a transaction
that would be reasonably expected to subject Borrower or any ERISA Affiliate to liability under Section 4069 or 4212(c) of ERISA.

 

6.08 Use of Proceeds;
Margin Regulations. The proceeds of the Loans will be used solely for the purposes set forth in and permitted by Section
7.12 and Section 8.08. No Loan Party or any Subsidiary of a Loan Party is generally engaged in the business of purchasing
or selling Margin Stock or extending credit for the purpose of purchasing or carrying Margin Stock.

    	65

    	

    

 Not more than 25% of the value
of the assets of the Borrower and its Subsidiaries on a consolidated basis subject to the provisions of Section 8.02 or
Section 8.03 or subject to any restriction contained in any agreement or instrument between the Borrower and any Lender
or any Affiliate of any Lender relating to Indebtedness and within the scope of Section 9.01(e) will be Margin Stock.

 

6.09 Title to
Properties. Each Loan Party and each Subsidiary of a Loan Party have good record and marketable title in fee simple to, or
valid leasehold interests in, all real property necessary or used in the ordinary conduct of their respective businesses, except
for such liens, title defects and other matters affecting title as could not, individually or in the aggregate, have a Material
Adverse Effect. As of the Amendment No. 3 Signing Date, the property of the Borrower, each other Loan Party and their Subsidiaries
is subject to no Liens, other than Permitted Liens.

 

6.10 Taxes. Each
Loan Party and their Subsidiaries have filed all Federal and other material tax returns and reports required to be filed, and
have paid all Federal and other material taxes, assessments, fees and other governmental charges levied or imposed upon them or
their properties, income or assets otherwise due and payable, except those which are being contested in good faith by appropriate
proceedings and for which adequate reserves have been provided in accordance with GAAP. There is no proposed tax assessment against
the Borrower or any Subsidiary that would, if made, have a Material Adverse Effect. Neither any Loan Party nor any Subsidiary
thereof is party to any tax sharing agreement.

 

6.11 Financial
Condition. (a) The audited consolidated financial statements of the Borrower and its Subsidiaries dated as of January 3, 2015,
and the related consolidated statements of income or operations, stockholders’ equity and cash flows for the fiscal year
ended on that date:

 

(i) were
prepared in accordance with GAAP consistently applied throughout the periods covered thereby, except as otherwise expressly noted
therein;

 

(ii) fairly
present the financial condition of the Borrower and its Subsidiaries as of the dates thereof and the results of operations for
the periods covered thereby; and

 

(iii) show
all material indebtedness and other liabilities, absolute or contingent, of the Borrower and its consolidated Subsidiaries as
of the dates thereof, including liabilities for all material taxes and material Contingent Obligations, in each case to the extent
required by GAAP.

 

(b) Since January
3, 2015, there has been no Material Adverse Effect.

 

6.12 Environmental
Matters. The Borrower and its Subsidiaries are in material compliance with all applicable Environmental Laws and are not subject
to Environmental Claims except for such non-compliance and Environmental Claims that could not, individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect.

    	66

    	

    

6.13 Regulated
Entities. None of the Borrower, any Person controlling the Borrower, or any Subsidiary is an “Investment Company”
within the meaning of the Investment Company Act of 1940.

 

6.14 No Burdensome
Restrictions. Neither the Borrower nor any Subsidiary is a party to or bound by any Contractual Obligation, or subject to
any restriction in any Organization Document or any Requirement of Law, which could reasonably be expected to have a Material
Adverse Effect.

 

6.15 Copyrights,
Patents, Trademarks and Licenses, etc. Except as could not reasonably be expected to have a Material Adverse Effect, the Borrower
or its Subsidiaries own or are licensed or otherwise have the right to use all of the material patents, trademarks, service marks,
trade names, copyrights, contractual franchises, authorizations and other rights that are reasonably necessary for the operation
of their respective businesses, without conflict with the rights of any other Person.

 

6.16 Subsidiaries.
As of the Amendment No. 3 Signing Date, the Borrower has no Subsidiaries other than those specifically disclosed in part
(a) of Schedule 6.16 and has no equity investments in any other corporation or entity with a value in excess of $250,000
other than those specifically disclosed in part (b) of Schedule 6.16.

 

6.17 Insurance.
The properties of the Borrower and its Subsidiaries are insured with financially sound and reputable insurance companies not
Affiliates of the Borrower, in such amounts, with such deductibles and covering such risks as are customarily carried by companies
engaged in similar businesses and owning similar properties in localities where the Borrower or such Subsidiary operates.

 

6.18 Swap Obligations.
Neither the Borrower nor any of its Subsidiaries has incurred any outstanding obligations under any Swap Contracts, other
than Permitted Swap Obligations.

 

6.19 Full Disclosure.
The representations and warranties made by each Loan Party and its Subsidiaries in the Loan Documents as of the date such
representations and warranties are made or deemed made, and the statements contained in any exhibit, report, statement or certificate
furnished by or on behalf of any Loan Party or any Subsidiary in connection with the Loan Documents, taken as a whole, do not
contain any untrue statement of a material fact or omit any material fact required to be stated therein or necessary to make the
statements made therein, in light of the circumstances under which they are made, not misleading as of the time when made or delivered.

 

6.20 OFAC. Neither
the Borrower, nor any of its Subsidiaries, nor, to the knowledge of the Borrower and its Subsidiaries, any director, officer,
employee, agent, affiliate or representative thereof, is an individual or entity that is, or is owned or controlled by any individual
or entity that is (i) currently the subject or target of any Sanctions, (ii) included on OFAC’s List of Specially Designated
Nationals, HMT’s Consolidated List of Financial Sanctions Targets and the Investment Ban List, or any similar list enforced
by any other relevant sanctions authority or (iii) located, organized or resident in a Designated Jurisdiction.

    	67

    	

    

6.21 Anti-Corruption
Laws. Except to the extent that the failure to do so (i) could not reasonably be expected to have a Material Adverse Effect
and (ii) would not result in any noncompliance by, or other adverse impact on any of the Lenders, Administrative Agent or any
of the Lead Arranger with respect to the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010, and other
similar anticorruption legislation in other jurisdictions, the Loan Parties and their respective Subsidiaries conduct their businesses
in compliance with the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010, and other similar anti-corruption
legislation in other jurisdictions in which the Loan Parties or any of their respective Subsidiaries conduct business, and maintain
policies and procedures designed to promote and achieve compliance with such laws.

 

ARTICLE
VII. AFFIRMATIVE COVENANTS

 

So long as any Lender
shall have any Commitment hereunder or any Loan outstanding, or any Letter of Credit outstanding or any other Obligation hereunder
shall remain unpaid or unsatisfied (other than contingent indemnification obligations for which no claim has been made), unless
the Required Lenders waive compliance in writing:

 

7.01 Financial
Statements. The Borrower shall deliver to the Administrative Agent in form and detail satisfactory to the Administrative Agent
and the Required Lenders, with sufficient copies for each Lender:

 

(a) as soon as available,
but not later than 100 days after the end of each fiscal year, a copy of the audited consolidated balance sheet of the Borrower
and its Subsidiaries as at the end of such year and the related consolidated statements of income or operations, stockholders’
equity and cash flows for such year, setting forth in each case in comparative form the figures for the previous fiscal year,
and accompanied by the opinion of PricewaterhouseCoopers or another nationally-recognized independent public accounting firm (“Independent
Auditor”), which opinion (i) shall state that such consolidated financial statements present fairly the Borrower’s
consolidated financial position for the periods indicated in conformity with GAAP and (ii) shall not be qualified or limited because
of a restricted or limited examination by the Independent Auditor of any material portion of the Borrower’s or any Subsidiary’s
records (it being agreed that the requirements of this subsection 7.01(a) may be satisfied by the delivery of the applicable
annual report on Form 10-K of the Borrower to the Administrative Agent by email to the extent that it is delivered within the
applicable time period noted herein); and

 

(b) as soon as
available, but not later than 45 days after the end of each of the first three fiscal quarters of each fiscal year, a copy of
the unaudited consolidated balance sheet of the Borrower and its Subsidiaries as of the end of such quarter and the related
unaudited consolidated statements of income, stockholders’ equity and cash flows for the period commencing on the first
day and ending on the last day of such quarter, and certified by a Responsible Officer as fairly presenting, in accordance
with GAAP (subject only to normal year-end audit adjustments and the absence of footnotes), the financial position and the
results of operations of the Borrower and its Subsidiaries as of such date and for such period (it being agreed that the
requirements of this subsection 7.01(b) may be satisfied by the delivery of the applicable quarterly report on Form
10-Q of the Borrower to the Administrative Agent by email to the extent that it is delivered within the applicable time
period noted herein).

    	68

    	

    

7.02 Certificates;
Other Information. The Borrower shall furnish to the Administrative Agent, with sufficient copies for each Lender:

 

(a) concurrently
with the delivery of the financial statements referred to in subsections 7.01(a) and (b), a Compliance Certificate
executed by a Responsible Officer;

 

(b) promptly, copies
of all financial statements and reports that the Borrower sends to its shareholders, and copies of all financial statements and
regular, periodic or special reports (including Forms 10-K, 10-Q and 8-K) that the Borrower or any Subsidiary may make to, or file
with, the SEC (it being agreed that the requirements of this subsection 7.02(b) may be satisfied by the delivery of such
financial statements and reports to the Administrative Agent by email); and

 

(c) promptly, such
additional information regarding the business, financial or corporate affairs of the Borrower or any Subsidiary as the Administrative
Agent, at the request of any Lender, may from time to time reasonably request.

 

Documents required to
be delivered pursuant to Section 7.01(a) or (b) or Section 7.02(b) (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: (i) the Borrower shall, upon written
request, deliver paper copies of such documents to the Administrative Agent or any Lender that requests the Borrower to deliver
such paper copies until a written request to cease delivering paper copies is given by the Administrative Agent or such Lender
and (ii) the Borrower shall notify the Administrative Agent and each Lender (by telecopier or electronic mail) of the posting of
any such documents and provide to the Administrative Agent by electronic 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 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 the Lead Arrangers will make available to the Lenders and the Issuing Lenders
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 another 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 (w) all Borrower Materials that are to be made available to Public Lenders shall be
clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall
appear 

    	69

    	

    

prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC,” the Borrower shall be deemed
to have authorized the Administrative Agent, the Lead Arrangers, the Issuing Lenders and the Lenders to treat such Borrower Materials
as not containing any material non-public information 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 the Lead Arrangers 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 “Public Side Information.”

 

7.03 Notices.
The Borrower shall, and shall cause each Subsidiary to, promptly (or, in the case of any event described in clause (c)(ii)
below, not less than 10 days prior to the occurrence of such event) notify the Administrative Agent and each Lender:

 

(a) of the occurrence
of any Event of Default or Unmatured Event of Default known to any Loan Party;

 

(b) of any of the
following matters that has resulted or is reasonably expected to result in a Material Adverse Effect: (i) breach or non-performance
of, or any default under, a Contractual Obligation of any Loan Party or any Subsidiary; (ii) any dispute, litigation, investigation,
proceeding or suspension between any Loan Party or any Subsidiary and any Governmental Authority; or (iii) the commencement of,
or any material development in, any litigation or proceeding affecting any Loan Party or any Subsidiary including pursuant to any
applicable Environmental Laws;

 

(c) of the occurrence
of any of the following events known to any Loan Party which could reasonably be expected to result in a liability for the Borrower
or any ERISA Affiliate that could reasonably be expected to have a Material Adverse Effect, and deliver to the Administrative Agent
and each Lender a copy of any notice with respect to such event that is filed with a Governmental Authority and any notice delivered
by a Governmental Authority to the Borrower or any ERISA Affiliate with respect to such event:

 

(i) an ERISA
Event; or

 

(ii) a contribution
failure with respect to a Pension Plan sufficient to give rise to a Lien under Section 303(k) of ERISA or Section 430(k) of the
Code; and

 

(d) of any material
change in accounting policies or financial reporting practices by the Borrower and its consolidated Subsidiaries.

 

Each notice under this
Section 7.03 shall be accompanied by a written statement by a Responsible Officer setting forth details of the occurrence
referred to therein, and stating what action the Borrower or any affected Subsidiary proposes to take with respect thereto. Each
notice under subsection 7.03(a) shall describe with particularity any and all clauses or provisions of this Agreement or
any other Loan Document that, to the best of such Responsible Officer’s knowledge, have been breached or violated.

    	70

    	

    

7.04 Preservation
of Corporate Existence, Etc. The Borrower shall, and shall cause each Subsidiary to:

 

(a) except as otherwise
permitted with respect to any Subsidiary pursuant to Section 8.04, preserve and maintain in full force and effect its corporate
existence and valid existence under the laws of its jurisdiction of organization; and

 

(b) preserve and
maintain in full force and effect all governmental rights, privileges, qualifications, permits, licenses and franchises necessary
in the normal conduct of its business (except (i) in connection with transactions permitted by Section 8.04 and sales of
assets permitted by Section 8.03 or (ii) to the extent that failure to do so could not reasonably be expected to have a
Material Adverse Effect).

 

7.05 Maintenance
of Property. The Borrower shall, and shall cause each Subsidiary to, maintain and preserve all its property which is used or
useful in its business in good working order and condition, ordinary wear and tear excepted, except to the extent that failure
to do so would not reasonably be expected to have a Material Adverse Effect.

 

7.06 Insurance.
The Borrower shall, and shall cause each Subsidiary to, maintain, with financially sound and reputable independent insurers,
insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons
engaged in the same or similar business, of such types and in such amounts as are customarily carried under similar circumstances
by such other Persons.

 

7.07 Payment of
Obligations. The Borrower shall, and shall cause each Subsidiary to, pay and discharge, as the same shall become due and payable,
all their respective material obligations and liabilities, including:

 

(a) all material
tax liabilities, assessments and governmental charges or levies upon it or its properties or assets, unless the same are being
contested in good faith by appropriate proceedings and adequate reserves in accordance with GAAP are being maintained by the Borrower
or such Subsidiary; and

 

(b) all material
claims which, if unpaid, would by law become a Lien (other than a Permitted Lien) upon its property unless the same are contested
in good faith by appropriate proceedings and adequate reserves in accordance with GAAP are being maintained by the Borrower or
such Subsidiary.

 

7.08 Compliance
with Laws. The Borrower shall, and shall cause each Subsidiary to, comply in all material respects with all material Requirements
of Law of any Governmental Authority having jurisdiction over it or its business (including the Federal Fair Labor Standards Act),
except such as may be contested in good faith or as to which a bona fide dispute may exist.

 

7.09 Compliance
with ERISA. The Borrower shall, and shall cause each of its ERISA Affiliates to: (a) operate each Plan in compliance in all
material respects with the applicable provisions of ERISA, the Code and other federal or state law; and (b) draft and amend each
Plan which is intended to be qualified under Section 401(a) of the Code to maintain such qualification and make all required contributions
to any Plan subject to Section 412 of the Code 

    	71

    	

    

if with respect to any failure under clauses (a) and (b) such failure would not
reasonably be expected to have a Material Adverse Effect.

 

7.10 Inspection
of Property and Books and Records. The Borrower shall, and shall cause each Subsidiary to, maintain proper books of record
and account, in which true and correct entries (sufficient to permit the preparation of consolidated financial statements in conformity
with GAAP) shall be made of all financial transactions and matters involving the assets and business of the Borrower and such Subsidiary.
The Borrower shall permit, and shall cause each Subsidiary to permit, the Administrative Agent or any Lender, at any reasonable
time during normal business hours upon advance written request of the Administrative Agent or the relevant Lender, to visit and
inspect the properties of the Borrower or any Subsidiary and to examine their respective corporate, financial and operating records,
and make copies thereof or abstracts therefrom, and to discuss the affairs, finances and accounts of the Borrower or any Subsidiary
with the appropriate officers of the Borrower or such Subsidiary.

 

7.11 Environmental
Laws. The Borrower shall, and shall cause each Subsidiary to, conduct its operations and keep and maintain its property in
material compliance with all material Environmental Laws, except such as may be contested in good faith or as to which a bona fide
dispute may exist.

 

7.12 Use of Proceeds.
The Borrower shall use the proceeds of the Senior Credit Facilities to (a) repay, redeem and retire all obligations under the
Existing Term Loan Credit Agreement, (b) fund working capital, capital expenditures and other lawful corporate purposes, including
to finance Acquisitions; provided the Borrower shall not use the proceeds of any Loan to make any Acquisition if the board
of directors of the Person to be acquired has not approved such Acquisition, and (c) finance fees, costs and expenses arising from
or related to this Agreement or any other Loan Document or the transactions contemplated hereby or thereby.

 

7.13 Additional
Guarantors. The Borrower shall notify the Administrative Agent at the time that any Person becomes a Domestic Subsidiary that
is a Wholly-Owned Subsidiary (other than an Excluded Subsidiary), and promptly thereafter (and in any event within forty-five (45)
days or such longer period as the Administrative Agent, in its sole discretion may approve), cause such Person to (a) become a
Guarantor by executing and delivering to the Administrative Agent a counterpart of the Guaranty or such other document as the Administrative
Agent shall deem appropriate for such purpose, and (b) deliver to the Administrative Agent documents of the types referred to in
Sections 5.01(b), (c) and (d) and favorable opinions of counsel to such Person (which shall cover, among other
things, the legality, validity, binding effect and enforceability of the documentation referred to in clause (a)), all in
form, content and scope reasonably satisfactory to the Administrative Agent.

 

7.14 Anti-Corruption
Laws. Except to the extent that the failure to do so (i) could not reasonably be expected to have a Material Adverse Effect
and (ii) would not result in any noncompliance by, or other adverse impact on any of the Lenders, Administrative Agent or any of
the Lead Arrangers with respect to the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010, and other
similar anti-corruption legislation in other jurisdictions, the Loan Parties and their respective Subsidiaries conduct their businesses
in compliance with the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010, and other similar 

    	72

    	

    

anticorruption
legislation in other jurisdictions in which the Loan Parties or any of their respective conduct business, and maintain policies
and procedures designed to promote and achieve compliance with such laws.

 

ARTICLE
VIII. NEGATIVE COVENANTS

 

So long as any Lender
shall have any Commitment hereunder or any Loan outstanding or Letter of Credit outstanding or any other Obligation hereunder shall
remain unpaid or unsatisfied (other than contingent indemnification obligations for which no claim has been made), unless the Required
Lenders waive compliance in writing:

 

8.01 Financial
Condition Covenants.

 

(a) Total Debt
to EBITDA Ratio. The Borrower shall not permit the Total Debt to EBITDA Ratio at any time for any Computation Period to be
greater than the ratio set forth below opposite such period:

 

	Computation Period Ending	 	Maximum Total 

Debt to EBITDA
	Closing Quarter:	 	4.75 to 1.0
	Closing Quarter plus One Quarter:	 	4.75 to 1.0
	Closing Quarter plus One Quarter through Closing Quarter plus Two Quarters:	 	4.50 to 1.0
	Closing Quarter plus Two Quarters through Closing Quarter plus Three Quarters:	 	4.25 to 1.0
	Closing Quarter plus Three Quarters through Closing Quarter plus Four Quarters:	 	4.25 to 1.0
	Closing Quarter plus Four Quarters through Closing Quarter plus Five Quarters:	 	4.00 to 1.0
	Closing Quarter plus Five Quarters through Closing Quarter plus Six Quarters:	 	3.75 to 1.0
	Closing Quarter plus Six Quarters through Closing Quarter plus Seven Quarters and each Quarter thereafter:	 	3.50 to 1.0

 

provided, however,
thereafter, at such time as the maximum Total Debt to EBITDA ratio permitted is 3.50 to 1.0, following a Material Acquisition,
the maximum Total Debt to EBITDA Ratio permitted by this Section 8.01(a) shall be increased by 0.25 for the four consecutive
Computation Periods following such Material Acquisition.

    	73

    	

    

(b) Interest Coverage
Ratio. The Borrower shall not permit, as of the last day of any Computation Period, the Interest Coverage Ratio to be less
than 2.50 to 1.

 

8.02 Limitation
on Liens. The Borrower shall not, and shall not suffer or permit any Subsidiary to, directly or indirectly, make, create, incur,
assume or suffer to exist any Lien upon or with respect to any part of its property, whether now owned or hereafter acquired, other
than the following (“Permitted Liens”):

 

(a) any Lien existing
on property of the Borrower or any Subsidiary on the Amendment No. 3 Signing Date and set forth in Schedule 8.02 securing
Indebtedness outstanding on such date, and any extension, renewal or replacement of any such Lien so long as the principal amount
secured thereby is not increased and the scope of the property subject to such Lien is not extended;

 

(b) any Lien created
under any Loan Document;

 

(c) Liens for taxes,
fees, assessments or other governmental charges which are not delinquent or remain payable without penalty, or to the extent that
non-payment thereof is permitted by Section 7.07, provided that no notice of lien has been filed or recorded under the Code
or any other Requirement of Law;

 

(d) carriers’,
warehousemen’s, mechanics’, landlords’, materialmen’s, repairmen’s or other similar Liens arising
in the ordinary course of business which are not delinquent or remain payable without penalty or which are being contested in good
faith and by appropriate proceedings, which proceedings have the effect of preventing the forfeiture or sale of the property subject
thereto;

 

(e) Liens (other
than any Lien imposed by ERISA or with respect to any Pension Plan, the Code) consisting of pledges or deposits required in the
ordinary course of business in connection with workers’ compensation, unemployment insurance and other social security legislation;

 

(f) Liens on the
property of the Borrower or any Subsidiary securing (i) the non-delinquent performance of bids, trade contracts (other than for
borrowed money), leases, statutory obligations, (ii) surety bonds (excluding appeal bonds and other bonds posted in connection
with court proceedings or judgments) and (iii) other non-delinquent obligations of a like nature; in each case incurred in the
ordinary course of business, provided all such Liens in the aggregate would not (even if enforced) cause a Material Adverse Effect;

 

(g) Liens consisting
of judgment or judicial attachment liens and liens securing contingent obligations on appeal bonds and other bonds posted in connection
with court proceedings or judgments which do not constitute an Event of Default hereunder;

 

(h) easements, rights-of-way,
restrictions and other similar encumbrances incurred in the ordinary course of business which, individually or in the aggregate,
do not materially detract from the value of the property subject thereto or interfere with the ordinary conduct of the businesses
of the Borrower and its Subsidiaries;

    	74

    	

    

(i) purchase money
security interests on any property acquired or held by the Borrower or its Subsidiaries in the ordinary course of business, securing
Indebtedness incurred or assumed for the purpose of financing all or any part of the cost of acquiring such property; provided
that (i) any such Lien attaches to such property concurrently with or within 90 days after the acquisition thereof, (ii) such Lien
attaches solely to the property so acquired in such transaction, (iii) the principal amount of the debt secured thereby does not
exceed 100% of the cost of such property, and (iv) the principal amount of the Indebtedness secured by any and all such purchase
money security interests shall not at any time exceed $75,000,000;

 

(j) Liens securing
obligations in respect of capital leases or financing leases on assets subject to such leases, provided that such capital leases
or financing leases are otherwise permitted hereunder;

 

(k) Liens (x) comprising
rights of setoff and other similar Liens existing solely with respect to cash and cash equivalents on deposit in one or more accounts
maintained by any Loan Party or Subsidiary, in each case granted in the ordinary course of business in favor of the bank or banks
with which such accounts are maintained, securing amounts owing to such bank with respect to cash management and operating account
arrangements, including those involving pooled accounts and netting arrangements, (y) attaching to commodity trading accounts or
other commodities brokerage accounts incurred in the ordinary course of business and (z) in favor of a banking or other financial
institution arising as a matter of law or under customary general terms and conditions encumbering deposits (including the right
of setoff) and which are within the general parameters customary in the banking industry;

 

(l) Liens solely
on insurance policies and the proceeds thereof (whether accrued or not) and rights or claims against an insurer, in each case securing
insurance premium financings;

 

(m) Liens arising
in connection with Securitization Transactions; provided that the aggregate investment or claim held at any time by all
purchasers, assignees or other transferees of (or of interests in) receivables and other rights to payment in all Securitization
Transactions shall not exceed $100,000,000;

 

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

 

(o) Liens attaching
solely to cash earnest money deposits in connection with any letter of intent or purchase agreement in connection with an Acquisition
or other Investment permitted hereunder;

 

(p) Liens arising
out of conditional sale, title retention, consignment or similar arrangements for sale of goods entered into by the Borrower or
any Subsidiary in the ordinary course of business;

 

(q) Liens created
under any agreement relating to the sale, transfer or other disposition of assets permitted hereunder; provided that such
Liens relate solely to the assets to be sold, transferred or otherwise disposed;

    	75

    	

    

(r) Liens securing
obligations under a Tax Incentive Transaction on the property subject thereto, so long as the related Indebtedness is permitted
by Section 8.06(d);

 

(s) receipt of progress
payments and advances from customers in the ordinary course of business to the extent the same creates a Lien on the related inventory
and proceeds thereof; and

 

(t) other Liens securing
Indebtedness not at any time exceeding in the aggregate $60,000,000.

 

8.03 Disposition
of Assets. The Borrower shall not, and shall not permit any Subsidiary to, directly or indirectly, sell, assign, lease, convey,
transfer or otherwise dispose of (whether in one or a series of transactions) any property (including accounts and notes receivable,
with or without recourse) or enter into any agreement to do any of the foregoing, except:

 

(a) dispositions
of inventory, or used, worn-out or surplus equipment, or the sale of sale rights, distribution rights, sales routes, territories
or similar rights or assets, all in the ordinary course of business;

 

(b) any such sale,
assignment, lease, conveyance, transfer or other disposition among the Borrower and its Subsidiaries;

 

(c) the sale, assignment
or other transfer of accounts receivable, lease receivables or other rights to payment pursuant to any Securitization Transaction;
provided that the aggregate investment or claim held at any time by all purchasers, assignees or other transferees of (or
of interests in) such receivables or other rights to payment shall not exceed $100,000,000;

 

(d) dispositions
of defaulted receivables in the ordinary course of business for collection;

 

(e) dispositions
permitted by Section 8.04 and Section 8.05;

 

(f) non-exclusive
licenses of intellectual property rights in the ordinary course of business;

 

(g) any disposition
of cash and Cash Equivalents Investments in the ordinary course of business;

 

(h) the unwinding
of any Swap Contract;

 

(i) the sale of assets
that are leased back to the Borrower or a Subsidiary, involving amounts not to exceed $50,000,000 in the aggregate in any fiscal
year;

 

(j) any transfer
arising out of the granting or creation of a Lien permitted by Section 8.02;

    	76

    	

    

(k) any disposition
occurring by reason of theft, loss, physical destruction or damage, taking or similar event with respect to any of its property;

 

(l) disposition of
leasehold improvements or leased assets upon the termination of the lease;

 

(m) any such sale,
assignment, lease, conveyance, transfer or other disposition of assets pursuant to a Tax Incentive Transaction;

 

(n) any disposition
required by any Governmental Authority as a condition to the Diamond Acquisition; and

 

(o) dispositions
not otherwise permitted hereunder which are made for fair market value; provided that (i) at the time of any disposition,
no Event of Default shall exist or shall result from such disposition and (ii) the aggregate value of all assets so disposed of
by the Borrower and its Subsidiaries on or after the Amendment No. 3 Signing Date shall not exceed 25% of the greater of (x) the
total assets of the Borrower as of the Amendment No. 3 Signing Date or (y) the highest amount of total assets of the Borrower as
shown on the Borrower’s balance sheet as of the end of any fiscal year ending after the Amendment No. 3 Signing Date.

 

8.04 Consolidations
and Mergers. The Borrower shall not, and shall not permit any Subsidiary to, merge, consolidate or amalgamate with or into,
or convey, transfer, lease or otherwise dispose of (whether in one transaction or in a series of transactions) all or substantially
all of its assets (whether now owned or hereafter acquired) to or in favor of any other Person, except:

 

(a) any Subsidiary
may merge or amalgamate (i) with the Borrower, provided that the Borrower shall be the continuing or surviving corporation or,
in the case of an amalgamation, the resulting corporation shall have entered into all assumption agreements and provided all further
assurances as the Administrative Agent may reasonably require, or (ii) with any one or more Subsidiaries, provided that if any
transaction shall be between a Subsidiary and a Wholly-Owned Subsidiary, the Wholly-Owned Subsidiary shall be the continuing or
surviving corporation, or the continuing or surviving corporation shall be a Wholly-Owned Subsidiary;

 

(b) any Subsidiary
may sell all or substantially all of its assets (upon voluntary liquidation or otherwise), to the Borrower or another Wholly-Owned
Subsidiary; and

 

(c) any merger, amalgamation,
consolidation or disposition in connection with a transaction permitted by Section 8.03 or an Acquisition permitted by Section
8.05.

 

8.05 Loans and
Investments. The Borrower shall not, and shall not permit any Subsidiary to, purchase or acquire, or make any commitment to
purchase or acquire, any capital stock, equity interest or obligations or other securities of, or any interest in, any Person,
or make or commit to make any Acquisition, or make or commit to make any advance, loan, extension of credit or capital contribution
to or any other investment in any Person (including any Affiliate of the Borrower) (any of the foregoing an “Investment”),
except for:

    	77

    	

    

(a) Investments held
by the Borrower or any Subsidiary in the form of cash equivalents or short term marketable securities;

 

(b) extensions of
credit in the nature of accounts receivable or notes receivable arising from the sale or lease of goods or services in the ordinary
course of business;

 

(c) Investments by
the Borrower in any of its Subsidiaries or by any of its Subsidiaries to another of its Subsidiaries;

 

(d) other Investments
(including those incurred in order to consummate Acquisitions not otherwise prohibited herein), provided that no Event of
Default or Unmatured Event of Default exists or will result therefrom;

 

(e) Investments constituting
Permitted Swap Obligations or payments or advances under Swap Contracts relating to Permitted Swap Obligations;

 

(f) pledges or deposits
required in the ordinary course of business in connection with workmen’s compensation, unemployment insurance and other social
security legislation;

 

(g) advances, loans
or extensions of credit to suppliers in the ordinary course of business by the Borrower and its Subsidiaries;

 

(h) advances, loans
or extensions of credit in the ordinary course of business by the Borrower and its Subsidiaries to employees of the Borrower and
its Subsidiaries;

 

(i) Investments (including
debt obligations) received in connection with the bankruptcy or reorganization of suppliers and customers and in settlement (including
settlements of litigation) of delinquent obligations of, and other disputes with, customers and suppliers arising in the ordinary
course of business;

 

(j) Investments consisting
of non-cash consideration received in the form of securities, notes or similar obligations in connection with dispositions permitted
by Section 8.03;

 

(k) repurchases by
the Borrower of its common stock to the extent permitted by Section 8.10;

 

(l) loans to an employee
stock ownership plan established by the Borrower, the proceeds of which are used solely to purchase stock of the Borrower;

 

(m) Investments consisting
of prepaid expenses, pledges or deposits made in the ordinary course of business;

 

(n) advances, loans
or extensions of credit by the Borrower and its Subsidiaries to Independent Business Owners of products of the Borrower and its
Subsidiaries (excluding, for the avoidance of doubt, accounts receivable in the ordinary course of business) in an aggregate amount
not at any time exceeding $10,000,000; and

 

(o) the Diamond Acquisition.

    	78

    	

    

8.06 Limitation
on Subsidiary Indebtedness. The Borrower shall not permit its Subsidiaries (that are not Guarantors) to create, incur, assume
or suffer to exist, or otherwise become or remain directly or indirectly liable with respect to, any Indebtedness, other than:

 

(a) Indebtedness
owing to the Borrower or another Subsidiary;

 

(b) Indebtedness
under this Agreement;

 

(c) Indebtedness
of the Loan Parties under the New Credit Agreement;

 

(d) Indebtedness
under any Tax Incentive Transaction; and

 

(e) other Indebtedness
at any time outstanding in an aggregate amount not at any time to exceed $50,000,000.

 

8.07 Transactions
with Affiliates. The Borrower shall not, and shall not permit any Subsidiary to, enter into any transaction with any Affiliate
of the Borrower (other than the Borrower or a Subsidiary), except upon fair and reasonable terms no less favorable to the Borrower
or such Subsidiary than would obtain in a comparable arm’s-length transaction with a Person not an Affiliate of the Borrower
or such Subsidiary except:

 

(a) Restricted Payments
permitted by Section 8.10;

 

(b) customary fees
and indemnification (including the reimbursement of out-of-pocket expenses) may be paid to directors of the Borrower and any Subsidiary;

 

(c) the Borrower
and any Subsidiary may enter into, and may make payments under, employment agreements, employee benefits plans, stock option plans,
indemnification provisions, stay bonuses, severance and other similar compensatory arrangements with officers, employees and directors
of the Borrower and any Subsidiary in the ordinary course of business; and

 

(d) any Investment
permitted by Section 8.05.

 

8.08 Use of Proceeds.
The Borrower shall not, and shall not suffer or permit any Subsidiary to, use any portion of any Credit Extension, directly
or indirectly, (i) to purchase or carry Margin Stock, (ii) to repay or otherwise refinance indebtedness of the Borrower or others
incurred to purchase or carry Margin Stock or (iii) to extend credit for the purpose of purchasing or carrying any Margin Stock
or to refund indebtedness originally incurred for such purpose, in each case if such use would result in a violation of Regulation
T, U or X of the FRB.

 

8.09 [Reserved].

 

8.10 Restricted
Payments. The Borrower shall not (i) declare or make any dividend payment or other distribution of assets, properties, cash,
rights, obligations or securities on account of any shares of any class of its capital stock or (ii) purchase, redeem or otherwise
acquire for value, or permit any Subsidiary to purchase or otherwise acquire for value, any shares 

    	79

    	

    

of the Borrower’s capital
stock or any warrants, rights or options to acquire such shares, now or hereafter outstanding (any of the foregoing, a “Restricted
Payment”) , except that:

 

(a) the Borrower
may declare and make dividend payments or other distributions payable solely in its common stock;

 

(b) the Borrower
may purchase, redeem or otherwise acquire shares of its common stock or warrants or options to acquire any such shares with the
proceeds received from the substantially concurrent issue of new shares of its common stock;

 

(c) the Borrower
may withhold or otherwise acquire shares of its common stock, warrants or options to acquire such shares or other rights with respect
to any such shares to satisfy an employee’s withholding tax obligations incurred in connection with the exercise, vesting
or payment of equity awards granted to employees of the Borrower and its Subsidiaries; and

 

(d) so long as (1)
no Event of Default or Unmatured Event of Default exists or would result therefrom and (2) the Borrower’s consolidated stockholders’
equity, after giving effect thereto, is not less than $500,000,000, the Borrower may (x) declare and pay cash dividends to its
stockholders; and (y) purchase, redeem or otherwise acquire shares of its common stock or warrants or options to acquire such shares.

 

8.11 ERISA. The
Borrower shall not, and to the extent it has authority to do so, shall not permit any of its ERISA Affiliates to: (a) engage in
a prohibited transaction or violation of the fiduciary responsibility rules with respect to any Plan which has resulted or could
reasonably be expected to result in liability of the Borrower in an aggregate amount in excess of $50,000,000; or (b) engage in
a transaction that could be subject to Section 4069 or 4212(c) of ERISA which has resulted or could reasonably be expected to result
in liability of the Borrower in an aggregate amount in excess of $50,000,000.

 

8.12 Change in
Business. The Borrower shall not, and shall not suffer or permit any Subsidiary to, primarily engage in any business other
than that of the production, distribution and/or sale of snack foods, culinary nuts and other foods and any business which is reasonably
similar, ancillary, complementary or related to, or a reasonable extension, development or expansion of, any of the foregoing (including,
but not limited to, any business in the food or beverage industries).

 

8.13 Accounting
Changes. The Borrower shall not, and shall not permit any Subsidiary to, make any significant change in accounting treatment
or reporting practices, except in accordance with GAAP.

 

8.14 Burdensome
Agreements. The Borrower shall not, and shall not permit any Subsidiary to, enter into any Contractual Obligation (other than
any other Loan Document and the New Credit Documents) that

 

(a) limits the ability
(i) of any Subsidiary to make Restricted Payments to the Borrower or to another Subsidiary or to otherwise transfer property to
the Borrower or another Subsidiary, (ii) of any Subsidiary to incur any Guaranty Obligation with respect to the 

    	80

    	

    

Indebtedness of
the Borrower or (iii) of the Borrower or any Subsidiary to create, incur, assume or suffer to exist Liens on property of such Person,
provided that this clause (a)(iii) shall not prohibit (w) any negative pledge incurred or provided in favor of any
holder of Indebtedness permitted under subsection 8.02(i) or (j) so long as such negative pledge relates solely to
the property financed by or the subject of such Indebtedness, (x) customary non-assignment clauses in leases, licenses and other
agreements arising in the ordinary course of business, (y) customary subordination of subrogation, contribution and similar claims
contained in guaranties of obligations of Subsidiaries permitted hereunder; or (z) customary encumbrances or restrictions in joint
venture agreements, asset sale agreements, sale-leaseback agreements, stock sale agreements and other similar agreements, which
restrictions relate solely to the activities of such joint venture or are otherwise applicable only to the assets that are the
subject to such agreement; or

 

(b) requires the
grant of a Lien to secure an obligation of such Person if a Lien is granted to secure another obligation of such Person.

 

8.15 Sanctions.
The Borrower and the other Loan Parties will not, directly or, to the knowledge of the Borrower, indirectly, use the proceeds
of any Term Loan, or lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner or other
individual or entity, to fund any activities of or business with any individual or entity, or in any Designated Jurisdiction, that,
at the time of such funding, is the subject of Sanctions, or in any other manner that will result in a violation by any individual
or entity (including any individual or entity participating in the transaction, whether as Lender, Arranger, Administrative Agent,
or otherwise) of Sanctions.

 

8.16 Anti-Corruption
Laws. The Borrower and the other Loan Parties will not, directly or, to the knowledge of the Borrower, indirectly use the proceeds
of any Term Loan for any purpose which would breach the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act
2010, and other similar anticorruption legislation in other jurisdictions in which the Loan Parties or any of their respective
Subsidiaries conduct business.

 

ARTICLE
IX. EVENTS OF DEFAULT

 

9.01 Event of
Default. Any of the following shall constitute an “Event of Default”:

 

(a) Non-Payment.
The Borrower or any other Loan Party fails to pay, (i) when and as required to be paid herein, any amount of principal of any Loan
or any L/C Obligation or (ii) within three Business Days after the same becomes due, any interest, fee or any other amount payable
hereunder or under any other Loan Document.

 

(b) Representation
or Warranty. Any representation or warranty by the Borrower, any other Loan Party or any Subsidiary made or deemed made herein
or in any other Loan Document, or which is contained in any certificate, document or financial or other statement by any Loan Party,
any Subsidiary or any Responsible Officer furnished at any time under this Agreement or under any other Loan Document, is incorrect
in any material respect on or as of the date made or deemed made.

    	81

    	

    

(c) Specific Defaults.
The Borrower fails to perform or observe any term, covenant or agreement contained in any of subsection 7.03(a), Section
8.01, 8.02, 8.03, 8.04, 8.08, 8.10, 8.11, 8.13, 8.15 or 8.16,
or any Guarantor fails to perform or observe any term, covenant or agreement contained in Sections 1 and 2 of the Guaranty.

 

(d) Other Defaults.
Any Loan Party fails to perform or observe any other term or covenant contained in this Agreement or any other Loan Document, and
such failure shall continue unremedied for a period of 30 days after the date upon which written notice thereof is given to the
Borrower by the Administrative Agent or any Lender.

 

(e) Cross-Default.
The Borrower or any Subsidiary (A) fails to make any payment in respect of any Material Financial Obligations when due (whether
by scheduled maturity, required prepayment, acceleration, demand, or otherwise) or (B) fails to perform or observe any other condition
or covenant, or any other event shall occur or condition shall exist, under any agreement or instrument relating to any such Material
Financial Obligations, if the effect of such failure, event or condition is to cause, or to permit the holder or holders of such
Material Financial Obligations or beneficiary or beneficiaries of such Material Financial Obligations (or a trustee or agent on
behalf of such holder or holders or beneficiary or beneficiaries) to cause, such Material Financial Obligations to become due and
payable prior to its stated maturity, or such Material Financial Obligations to become payable or cash collateral in respect thereof
to be demanded.

 

(f) Insolvency;
Voluntary Proceedings. Any Loan Party or any Material Subsidiary (i) ceases or fails to be Solvent, or generally fails to pay,
or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at
stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency
Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing.

 

(g) Involuntary
Proceedings. (i) Any involuntary Insolvency Proceeding is commenced or filed against any Loan Party or any Material Subsidiary,
or any writ, judgment, warrant of attachment, execution or similar process is issued or levied against a substantial part of any
Loan Party’s or any Material Subsidiary’s properties, and such proceeding or petition shall not be dismissed, or such
writ, judgment, warrant of attachment, execution or similar process shall not be released, vacated or fully bonded, within 60 days
after commencement, filing or levy; (ii) any Loan Party or any Material Subsidiary admits the material allegations of a petition
against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any Insolvency
Proceeding with respect to any Loan Party or such Material Subsidiary; or (iii) any Loan Party or any Material Subsidiary acquiesces
in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), or
other similar Person for itself or a substantial portion of its property or business.

 

(h) ERISA.
(i) An ERISA Event shall occur which has resulted or could reasonably be expected to result in liability of any Loan Party under
Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount in excess of $50,000,000; (ii) a contribution
failure shall occur with respect to a Pension Plan sufficient to give rise to a Lien 

    	82

    	

    

under Section 303(k) of ERISA or Section 430(k)
of the Code in excess of $50,000,000; and (iii) the Borrower or any ERISA Affiliate shall fail to pay when due, after the expiration
of any applicable grace period (or any period during which (x) the Borrower is permitted to contest its obligation to make such
payment without incurring any liability (other than interest) or penalty and (y) the Borrower is contesting such obligation in
good faith and by appropriate proceedings), any installment payment with respect to its withdrawal liability under Section 4201
of ERISA or any contribution obligation under Section 4243 of ERISA, in each case under a Multiemployer Plan in an aggregate amount
in excess of $50,000,000.

 

(i) Judgments.
One or more non-interlocutory judgments, non-interlocutory orders, decrees or arbitration awards is entered against any Loan Party
or any Material Subsidiary involving in the aggregate a liability (to the extent not covered by independent third-party insurance
as to which the insurer does not dispute coverage) as to any single or related series of transactions, incidents or conditions
of $50,000,000 or more, and the same shall remain unvacated or unstayed (by reason of appeal or otherwise) for a period of 30 days
after the entry thereof, with payment thereof being then due.

 

(j) Change of
Control. Any Change of Control occurs.

 

9.02 Remedies.
If any Event of Default occurs, the Administrative Agent shall:

 

(a) at the request
of, or may, with the consent of, the Required Revolving Loan Lenders,

 

(i)  declare
the commitment of each Revolving Loan Lender to make any Credit Extension (including any obligation of each Issuing Lender to Issue
any Letter of Credit) to be terminated, whereupon such commitments and obligation shall be terminated;

 

(ii)  declare
an amount equal to the maximum aggregate amount that is or at any time thereafter may become available for drawing under all outstanding
Letters of Credit (whether or not any beneficiary shall have presented, or shall be entitled at such time to present, the drafts
or other documents required to draw under such Letters of Credit) to be immediately due and payable;

 

(iii) demand
that the Borrower immediately provide Cash Collateral to the Administrative Agent in an amount equal to the Minimum Collateral
Amount with respect to the L/C Obligations, whereupon the Borrower shall become immediately obligated to provide such Cash Collateral;
and

 

(b)  at the request
of, or may, with the consent of, the Required Lenders,

 

(i) 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; and

    	83

    	

    

(ii) exercise
on behalf of itself and the Lenders all other rights and remedies available to it and the Lenders under the Loan Documents or Applicable
Law;

 

provided, however, that upon
the occurrence of any event specified in subsection 9.01(f) or (g) (in the case of clause (i) of subsection
(g), upon the expiration of the 60-day period mentioned therein), the obligation of each Lender to make Credit Extensions (including
any obligation of each Issuing Lender to Issue Letters of Credit) shall automatically terminate and the unpaid principal amount
of all outstanding Loans and all other Obligations shall automatically become due and payable, the Borrower shall automatically
become obligated to provide Cash Collateral in the amounts set forth in clause (c) above without further act of the Administrative
Agent, any Issuing Lender or any other Lender.

 

9.03 Rights Not
Exclusive. The rights provided for in this Agreement and the other Loan Documents are cumulative and are not exclusive of any
other rights, powers, privileges or remedies provided by law or in equity, or under any other instrument, document or agreement
now existing or hereafter arising.

 

ARTICLE
X. THE ADMINISTRATIVE AGENT

 

10.01 Appointment
and Authorization. (a) Each Lender hereby irrevocably (subject to Section 10.08) appoints and designates Bank of America
to act on its behalf as the Administrative Agent hereunder and authorizes the Administrative Agent to take such action on its behalf
under the provisions of this Agreement and each other Loan Document and to exercise such powers and perform such duties as are
expressly delegated to it by the terms of this Agreement or any other Loan Document, together with such powers as are reasonably
incidental thereto. Notwithstanding any provision to the contrary contained elsewhere in this Agreement or in any other Loan Document,
the Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein, nor shall the
Administrative Agent have or be deemed to have any fiduciary relationship with any Lender, and no implied covenants, functions,
responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise
exist against the Administrative Agent. Without limiting the generality of the foregoing sentence, the use of the term “agent”
in this Agreement 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 merely as a matter of market custom,
and is intended to create or reflect only an administrative relationship between independent contracting parties. The provisions
of this Article are solely for the benefit of the Administrative Agent, the Issuing Lenders and the Lenders, and the Borrower shall
have rights as a third party beneficiary of any of such provisions.

 

(b) Each Issuing
Lender shall act on behalf of the Lenders with respect to any Letters of Credit Issued by it and the documents associated therewith
until such time and except for so long as the Administrative Agent may agree at the request of the Required Lenders to act for
such Issuing Lender with respect thereto; provided, however, that each Issuing Lender shall have all of the benefits
and immunities (i) provided to the Administrative Agent in this Article X with respect to any acts taken or omissions suffered
by such Issuing Lender in connection with Letters of Credit Issued by it or proposed to be Issued by it and the application and
agreements for letters 

    	84

    	

    

of credit pertaining to the Letters of Credit as fully as if the term “Agent”, as used in this
Article X, included such Issuing Lender with respect to such acts or omissions, and (ii) as additionally provided in this
Agreement with respect to such Issuing Lender.

 

10.02 Delegation
of Duties. The Administrative Agent may execute any of its duties and exercise its rights and powers under this Agreement or
any other Loan Document by or through sub-agents, employees or attorneys-in-fact and shall be entitled to advice of counsel concerning
all matters pertaining to such duties. The Administrative Agent shall not be responsible for the negligence or misconduct of any
agent or attorney-in-fact except to the extent that a court of competent jurisdiction determines in a final and nonappealable judgment
that the Administrative Agent acted with gross negligence or willful misconduct in the selection of such agents. 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 the Administrative Agent.

 

10.03 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:

 

(a) shall not be
subject to any fiduciary or other implied duties, regardless of whether an Event of Default or Unmatured Event of 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 no Agent shall 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 to disclose, nor shall be liable for the failure to
disclose, any information relating to the Borrower or any of its Affiliates that is communicated to or obtained by the Person serving
as the Administrative Agent or any of its Affiliates in any capacity. None of the Agent-Related Persons shall (i) be liable to
any Lender for any action taken or omitted to be taken by any of them under or in connection with this Agreement or any other Loan
Document or the transactions contemplated hereby (a) 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 such Agent-Related Person shall believe in good faith shall be
necessary, under the circumstances as provided in Sections 11.01 and 9.02) or (b) in the absence of its own gross
negligence or willful 

    	85

    	

    

misconduct as determined by a court of competent jurisdiction by a final and nonappealable judgment), or
(ii) be responsible in any manner to any of the Lenders for or have any duty to ascertain or inquire into any recital, statement,
representation or warranty made in or in connection with this Agreement or in any other Loan Document, or in any certificate, report,
statement or other document referred to or provided for in, or received by the Administrative Agent under or in connection with,
this Agreement or any other Loan Document, or the validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement
or any other Loan Document or any other agreement, instrument or document, or for any failure of the Borrower or any other party
to any Loan Document to perform its obligations hereunder or thereunder, or the satisfaction of any condition set forth in Article
V or elsewhere herein, other than, in the case of the Administrative Agent, to confirm receipt of items expressly required
to be delivered to the Administrative Agent. No Agent-Related Person shall be under any obligation to any Lender to ascertain or
to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any other
Loan Document, or to inspect the properties, books or records of the Borrower or any of the Borrower’s Subsidiaries or Affiliates.

 

10.04 Reliance
by the Administrative Agent. (a) The Administrative Agent shall be entitled to rely, and shall be fully protected in relying,
upon any writing, resolution, notice, consent, certificate, affidavit, letter, telegram, telecopier, telex or telephone message,
statement or other document or other writing (including any electronic message, Internet or intranet website posting or other distribution)
or conversation believed by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons,
and upon advice and statements of legal counsel (including counsel to the Borrower), independent accountants and other experts
selected by the Administrative Agent and shall not incur any liability for relying thereon. In determining compliance with any
condition hereunder to the making of a Credit Extension or the issuance of a Letter of Credit, that by its terms must be fulfilled
to the satisfaction of a Lender or an Issuing Lender, the Administrative Agent may presume that such condition is satisfactory
to such Lender or such Issuing Lender unless the Administrative Agent shall have received notice to the contrary from such Lender
or such Issuing Lender prior to the making of such Credit Extension or the issuance of such Letter of Credit. The Administrative
Agent may consult with legal counsel (who may be counsel for the Borrower), independent accountants and other experts selected
by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants
or experts. The Administrative Agent shall be fully justified in failing or refusing to take any action under this Agreement or
any other Loan Document unless it shall first receive such advice or concurrence of the Required Lenders as it deems appropriate
and, if it so requests, it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense
which may be incurred by it by reason of taking or continuing to take any such action. The Administrative Agent shall in all cases
be fully protected in acting, or in refraining from acting, under this Agreement or any other Loan Document in accordance with
a request or consent of the Required Lenders and such request and any action taken or failure to act pursuant thereto shall be
binding upon all of the Lenders.

 

(b) For purposes
of determining compliance with the conditions specified in Section 5.01, each Lender that has executed this Agreement shall
be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter either sent by the

    	86

    	

    

Administrative Agent to such Lender for consent, approval, acceptance or satisfaction, or required thereunder to be consented to
or approved by or acceptable or satisfactory to the Lender.

 

10.05 Notice of
Default. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Event of Default
or Unmatured Event of Default, except with respect to defaults in the payment of principal, interest and fees required to be paid
to the Administrative Agent for the account of the Lenders, unless the Administrative Agent shall have received written notice
from a Lender or the Borrower referring to this Agreement, describing such Event of Default or Unmatured Event of Default and stating
that such notice is a “notice of default”. If the Administrative Agent receives such a notice, the Administrative Agent
will notify the Lenders of its receipt of such notice. The Administrative Agent shall take such action with respect to such Event
of Default or Unmatured Event of Default as may be requested by the Required Lenders in accordance with this Article X;
provided, however, that unless and until the Administrative Agent has received any such request, the Administrative
Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Event of Default
or Unmatured Event of Default as it shall deem advisable or in the best interest of the Lenders.

 

10.06 Credit Decision.
Each Lender acknowledges that none of the Agent-Related Persons has made any representation or warranty to it, and that no
act by the Administrative Agent hereafter taken, including any review of the affairs of the Borrower and its Subsidiaries, shall
be deemed to constitute any representation or warranty by any Agent-Related Person to any Lender. Each Lender represents to the
Administrative Agent that it has, independently and without reliance upon any Agent-Related Person and based on such documents
and information as it has deemed appropriate, made its own appraisal of and an investigation into the business, prospects, operations,
property, financial and other condition and creditworthiness of the Borrower and its Subsidiaries, and all applicable bank regulatory
laws relating to the transactions contemplated hereby, and made its own decision to enter into this Agreement and to extend credit
to the Borrower hereunder. Each Lender also represents that it will, independently and without reliance upon any Agent-Related
Person and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis,
appraisals and decisions in taking or not taking action under this Agreement and the other Loan Documents, and to make such investigations
as it deems necessary to inform itself as to the business, prospects, operations, property, financial and other condition and creditworthiness
of the Borrower. Except for notices, reports and other documents expressly herein required to be furnished to the Lenders by the
Administrative Agent, the Administrative Agent shall not have any duty or responsibility to provide any Lender with any credit
or other information concerning the business, prospects, operations, property, financial and other condition or creditworthiness
of the Borrower which may come into the possession of any Agent-Related Person.

 

10.07 Agent in
Individual Capacity. Bank of America and its Affiliates may make loans to, issue letters of credit for the account of, accept
deposits from, acquire equity interests in and generally engage in any kind of banking, trust, financial advisory, underwriting
or other business with the Borrower and its Subsidiaries and Affiliates as though Bank of America were not the Administrative Agent
or an Issuing Lender hereunder and without notice to or consent of the Lenders. The Lenders acknowledge that, pursuant to such
activities, Bank of America or its Affiliates may receive information regarding the Borrower or its Affiliates (including 

    	87

    	

    

information
that may be subject to confidentiality obligations in favor of the Borrower or such Subsidiary) and acknowledge that the Administrative
Agent shall not be under any obligation to provide such information to them. With respect to their respective Credit Extensions
and Commitments, Bank of America and its Affiliates shall have the same rights and powers under this Agreement as any other Lender
and may exercise the same as though it were not the Administrative Agent or an Issuing Lender.

 

10.08 Successor
Agent. The Administrative Agent may, and, if the Person serving as the Administrative Agent is a Defaulting Lender pursuant
to clause (d) of the definition thereof, at the request of the Required Lenders shall, resign as the Administrative Agent
upon 30 days’ notice to the Lenders. If the Administrative Agent resigns under this Agreement, the Required Lenders (with,
so long as no Event of Default exists, the consent of the Borrower, which shall not be unreasonably withheld or delayed) shall
appoint from among the Lenders or Affiliates of Lenders a successor Administrative Agent for the Lenders, which successor 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. Upon the acceptance
of its appointment as successor agent hereunder, such successor agent shall succeed to all the rights, powers and duties of the
retiring Administrative Agent (except for any indemnity payments or other amounts then owed to the retiring Administrative Agent)
and the term “Administrative Agent” shall mean such successor agent and the retiring Administrative Agent’s appointment,
powers and duties as Administrative Agent shall be terminated. After any retiring Administrative Agent’s resignation hereunder
as the Administrative Agent, the provisions of this Article X and Sections 11.04 and 11.05 shall inure to
its benefit as to any actions taken or omitted to be taken by it, its sub-agents and their respective Related Parties while it
was the Administrative Agent under this Agreement. If no successor agent has accepted appointment as the Administrative Agent by
the date which is 30 days following a retiring Administrative Agent’s notice of resignation, then the retiring Administrative
Agent may (but shall not be obligated to) on behalf of the Lenders, appoint a successor Administrative Agent meeting the qualifications
set forth above; provided that in no event shall any such successor Administrative Agent be a Defaulting Lender and provided,
further that if the Administrative Agent shall notify the Borrower and the Lenders that no qualifying Person has accepted
such appointment, then such resignation shall nonetheless become effective in accordance with such notice and (a) the retiring
Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents and (b) except
for any indemnity payments or other amounts then owed to the` retiring Administrative Agent, all payments, communications and determinations
provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender directly, until such
time as the Required Lenders appoint a successor Administrative Agent as provided for above in this Section 10.08. 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. Notwithstanding the foregoing, however, Bank of America may not be removed as the
Administrative Agent at the request of the Required Lenders unless Bank of America shall also simultaneously be replaced as an
“Issuing Lender” hereunder pursuant to documentation in form and substance reasonably satisfactory to Bank of America.
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 

    	88

    	

    

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 in
respect of any actions taken in connection with transferring the agency to any successor Administrative Agent .

 

10.09 Withholding
Tax. (a) If any Lender is a “foreign corporation, partnership or trust” within the meaning of the Code and such
Lender claims exemption from, or a reduction of, U.S. withholding tax under Sections 1441 or 1442 of the Code, such Lender agrees
with and in favor of the Borrower and the Administrative Agent, to deliver to the Administrative Agent:

 

(i) if such
Lender claims an exemption from, or a reduction of, withholding tax under a United States tax treaty, properly completed IRS Form
W-8BEN (or any successor form) or IRS Form W-8BEN-E (or any successor form), as applicable, before the payment of any interest
in the first calendar year and before the payment of any interest in each third succeeding calendar year during which interest
may be paid under this Agreement;

 

(ii) if
such Lender claims that interest paid under this Agreement is exempt from United States withholding tax because it is effectively
connected with a United States trade or business of such Lender, two properly completed and executed copies of IRS Form W-8ECI
(or any successor form) before the payment of any interest is due in the first taxable year of such Lender and in each succeeding
taxable year of such Lender during which interest may be paid under this Agreement; and

 

(iii) such
other form or forms as may be required under the Code or other laws of the United States as a condition to exemption from, or reduction
of, United States withholding tax.

 

Each such Lender agrees to promptly notify
the Administrative Agent of any change in circumstances which would modify or render invalid any claimed exemption or reduction.

 

(b) If any Lender
claims exemption from, or reduction of, withholding tax under a United States tax treaty by providing IRS Form W-8BEN (or any successor
form) or IRS Form W-8BEN-E (or any successor form), as applicable, and such Lender sells, assigns, grants a participation in, or
otherwise transfers all or part of the Obligations of the Borrower to such Lender, such Lender agrees to notify the Administrative
Agent of the percentage amount in which it is no longer the beneficial owner of Obligations of the Borrower to such Lender. To
the extent of such percentage amount, the Administrative Agent will treat such Lender’s IRS Form W-8BEN (or any successor
form) or IRS Form W-8BEN-E (or any successor form), as applicable, as no longer valid.

 

(c) If any Lender
claiming exemption from United States withholding tax by filing IRS Form W-8ECI (or any successor form) with the Administrative
Agent sells, assigns, grants a participation in, or otherwise transfers all or part of the Obligations of the Borrower to such
Lender, such Lender agrees to undertake sole responsibility for complying with the withholding tax requirements imposed by Sections
1441 and 1442 of the Code.

    	89

    	

    

(d) If any Lender
is entitled to a reduction in the applicable withholding tax, the Administrative Agent may withhold from any interest payment to
such Lender an amount equivalent to the applicable withholding tax after taking into account such reduction. If the forms or other
documentation required by subsection 10.09(a) are not delivered to the Administrative Agent, then the Administrative Agent
may withhold from any interest payment to such Lender not providing such forms or other documentation an amount equivalent to the
applicable withholding tax.

 

(e) If the IRS or
any other Governmental Authority of the United States or any other jurisdiction asserts a claim that the Administrative Agent did
not properly withhold tax from amounts paid to or for the account of any Lender (because the appropriate form was not delivered
or was not properly executed, or because such Lender failed to notify the Administrative Agent of a change in circumstances which
rendered the exemption from, or reduction of, withholding tax ineffective, or for any other reason) such Lender shall indemnify
the Administrative Agent fully for all amounts paid, directly or indirectly, by the Administrative Agent as tax or otherwise, including
penalties and interest, and including any taxes imposed by any jurisdiction on the amounts payable to the Administrative Agent
under this Section 10.09, together with all costs and expenses (including Attorney Costs). The Borrower shall also, and
does hereby, indemnify the Administrative Agent, and shall make payment in respect thereof within 10 days after demand therefor,
for any amount which a Lender for any reason fails to pay indefeasibly to the Administrative Agent as required pursuant to the
preceding sentence.

 

(f) 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 Code, as applicable), such Lender shall deliver to the Borrower and the Administrative Agent at the time or times prescribed
by Applicable Law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation
prescribed by Applicable Law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation
reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent
to comply with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations
under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this subsection (f),
“FATCA” shall include any amendments made to FATCA after the date of this Agreement.

 

(g) Each Lender agrees
that if any form or certification it previously delivered pursuant to this Section 10.09 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.

 

(h) The obligation
of the Lenders under this Section 10.09 shall survive the payment of all Obligations and the resignation or replacement
of the Administrative Agent.

 

(i) For purposes
of determining withholding Taxes imposed under FATCA, from and after the Amendment No. 3 Signing Date, the Borrower and the Administrative
Agent shall treat (and the Lenders hereby authorize the Administrative Agent to treat) this Agreement as not 

    	90

    	

    

qualifying as a “grandfathered
obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i).

 

10.10 Other Agents.
Anything herein to the contrary notwithstanding, none of the Lead Arrangers, the Syndication Agent or the Co-Documentation
Agents listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other
Loan Documents, except in its capacity, as applicable, as a Lender hereunder.

 

10.11 Guaranty
Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, 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. Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative
Agent’s authority to release any Guarantor from its obligations under the Guaranty pursuant to this Section 10.11.

 

ARTICLE
XI. MISCELLANEOUS

 

11.01 Amendments
and Waivers. No amendment or waiver of any provision of this Agreement or any other Loan Document, and no consent with respect
to any departure by the Borrower, any other Loan Party or any applicable Subsidiary therefrom, shall be effective unless the same
shall be in writing and signed by the Required Lenders (or by the Administrative Agent at the written request of the Required Lenders)
and the Borrower and acknowledged by the Administrative Agent, and then any such waiver or consent shall be effective only in the
specific instance and for the specific purpose for which given; provided that no such waiver, amendment or consent shall,
unless in writing and signed by all Lenders (or, if appropriate, the Appropriate Lenders of an applicable Class of Loans) and the
Borrower and acknowledged by the Administrative Agent, do any of the following:

 

(a) waive any condition
set forth in Section 5.01 without the written consent of each Lender;

 

(b) change the number
of Lenders of an applicable Class or the percentage of (x) the Commitments with respect to such Class of Loans, (y) the aggregate
unpaid principal amount of the Loans in such Class or (z) the aggregate Effective Amount of outstanding Letters of Credit that,
in each case, which is required for the Lenders or any Class of them to take any action hereunder;

 

(c) change (i) any
provision of this Section 11.01 or the definition of “Required Lenders” or any other provision hereof specifying
the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination
or grant any consent hereunder, without the written consent of each Lender, (ii) the definition of “Required Revolving Loan
Lenders” without the written consent of each Revolving Loan Lender or (iii) the definition of “Required Term Loan Lenders”
without the written consent of each Appropriate Lender.

 

(d) increase or extend
the Commitment of any Lender (or reinstate any Commitment terminated pursuant to Section 9.02) without the written consent
of such Lender;

    	91

    	

    

(e) postpone or delay
any date fixed by this Agreement or any other Loan Document for any payment or mandatory prepayment of principal, interest, fees
or other amounts due to the Lenders (or any of them) hereunder or under any other Loan Document;

 

(f) reduce the principal
of, or the rate of interest specified herein on, any Loan, or reduce any fees (other than the fees referred to in subsection
2.09(a) or subsections 3.07(b) and (c)) or other amounts payable hereunder or under any other Loan Document without
the written consent of each Lender affected thereby; provided that only the consent of (i) the Required Revolving Loan Lenders
shall be necessary to waive any obligation of the Borrower to pay interest or letter of credit fees at a rate equal to the sum
of the otherwise applicable rate for Revolving Loans plus 2% after an Event of Default, (ii) the applicable Required Term
Loan Lenders shall be necessary to waive any obligation of the Borrower to pay interest at a rate equal to the sum of the otherwise
applicable rate for a Class of Term Loans plus 2% after an Event of Default or (iii) the Required Lenders shall be necessary
to amend 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;

 

(g) amend any provision
of Section 2.13 with respect to sharing of payments without the written consent of each Lender
adversely affected thereby;

 

(h) release all or
substantially all of the value of the Guaranty without the written consent of each Lender, except to the extent the release of
any Guarantor is permitted pursuant to Section 10.11 (in which case such release may be made by the Administrative Agent
acting alone);

 

and provided, further, that
(i) no amendment, waiver or consent shall, unless in writing and signed by the applicable Issuing Lender in addition to the Required
Revolving Loan Lenders affect the rights or duties of such Issuing Lender under this Agreement or any L/C-Related Document relating
to any Letter of Credit Issued or to be Issued by it, (ii) prior to the termination of the Revolving Loan Commitments, unless also
signed by the Required Revolving Loan Lenders, (x) waive any Event of Default or Unmatured Event of Default for purposes of Section
5.02, (y) amend, change, waive, discharge or terminate Article III or Section 5.02 in a manner adverse to the
Revolving Loan Lenders or (z) amend, change, waive, discharge or terminate this clause (ii) of Section 11.01, (iii) no amendment,
waiver or consent shall, unless in writing, impose any greater restriction on the ability of any Lender under a given facility
to assign any of its rights or obligations hereunder without the written consent of (x) if such facility is the Five-Year Term
Loan Facility or the Ten-Year Term Loan Facility, the Required Term Loan Lenders with respect to the applicable Class of Term Loans,
or (y) if such facility is the Revolving Credit Facility, the Required Revolving Loan Lenders; (iv) no amendment, waiver or consent
shall, unless in writing and signed by the Administrative Agent in addition to the Required Lenders or all Lenders, as the case
may be, affect the rights or duties of the Administrative Agent under this Agreement or any other Loan Document, (v) any waiver,
amendment or modification of this Agreement that by its terms affects the rights or duties under this Agreement of the Lenders
under one or more Classes but not under any other Class may be effected by an agreement or agreements in writing entered into by
the Borrower and the requisite percentage in interest of the affected Class or Classes of Lenders that would be required to consent
thereto under this Section 11.01 if such tranche or tranches of Lenders were the only Class or Classes of Lenders hereunder

    	92

    	

    

at the time, and (vi) each Fee Letter may be amended, or rights or privileges thereunder waived, in a writing executed only by
the parties thereto. 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 that by its terms requires the consent of all
Lenders or each affected Lender may be effected with the consent of the Appropriate Lenders other than Defaulting Lenders), except
that (x) the Commitment of a Defaulting Lender may not be increased or extended without the consent of such Lender and (y) any
waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that by its terms affects any Defaulting
Lender more adversely than other affected Lenders shall require the consent of such Defaulting Lender.

 

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 telecopier 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
the Borrower, any other Loan Party or the Administrative Agent or Bank of America as Issuing Lender, to the address, telecopier
number, electronic mail address or telephone number specified for such Person on Schedule 11.02; and

 

(ii) if
to any other Lender, to the address, telecopier number, electronic mail address or telephone number specified in its Administrative
Questionnaire.

 

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

 

(b) Electronic
Communications. Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communication
(including e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent, provided
that the foregoing shall not apply to notices to any Lender pursuant to Article II or III if such Lender has notified
the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative
Agent or the Borrower may, in their respective 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), provided that if such

    	93

    	

    

 notice or other communication is not sent during
the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business
on the next Business Day for the recipient, 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.

 

(c) The Platform.
THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT-RELATED PERSONS 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 any Agent-Related Person have any
liability to the Borrower, any other Loan Party, any Lender or any other Person for losses, claims, damages, liabilities or expenses
of any kind (whether in tort, contract or otherwise) arising out of the Borrower’s, any other Loan Party’s or the Administrative
Agent’s transmission of Borrower Materials through the Internet, except to the extent that such losses, claims, damages,
liabilities or expenses are determined by a court of competent jurisdiction by a final and nonappealable judgment to have resulted
from the gross negligence or willful misconduct of such Agent-Related Person; provided, however, that in no event
shall any Agent-Related Person have any liability to the Borrower, any other Loan Party, any Lender or any other Person for indirect,
special, incidental, consequential or punitive damages (as opposed to direct or actual damages).

 

(d) Change of
Address, Etc. Each of the Borrower, the Administrative Agent and the Issuing Lenders may change its address, telecopier or
telephone number for notices and other communications hereunder by notice to the other parties hereto. Each other Lender may change
its address, telecopier or telephone number for notices and other communications hereunder by notice to the Borrower, the Administrative
Agent and the Issuing Lenders. 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, telecopier number and electronic
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.

    	94

    	

    

(e) Reliance by
Administrative Agent and Lenders. The Administrative Agent and the Lenders shall be entitled to rely and act upon any notices
(including a telephonic request for the Term Loans and telephonic Notices of Conversion/Continuation) purportedly given by or on
behalf of the Borrower 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, 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 the Borrower. 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.

 

11.03 No Waiver;
Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of the Administrative Agent or any Lender,
any right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of
any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right,
remedy, power or privilege.

 

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
9.02 for the benefit of all the Lenders; 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) any Lender from exercising setoff rights in accordance with Section
11.09 (subject to the terms of Section 2.13), or (c) any Lender from filing proofs of claim or appearing and filing
pleadings on its own behalf during the pendency of any Insolvency Proceeding relative to any Loan Party 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 9.02 and (ii)
in addition to the matters set forth in clauses (b) and (c) 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 Borrower shall pay (i) all customary and reasonable documented
out-of-pocket expenses incurred by the Administrative Agent and its Affiliates and each Lead Arranger, 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 (including the reasonable
and documented fees, charges and disbursements of one counsel for the Administrative Agent and, to the extent reasonably necessary
(A) of special regulatory counsel to the Administrative Agent and Lead Arrangers and (B) of special and one local counsel per jurisdiction
to the Lenders retained by the Administrative Agent or Lead Arrangers) whether or not the transactions contemplated hereby or thereby
shall be consummated, (ii) all reasonable

    	95

    	

    

out-of-pocket expenses
incurred by the Issuing Lenders in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any
demand for payment thereunder and (iii) all out of pocket expenses incurred by the Administrative Agent, any Lender or the
Issuing Lenders (including the fees, charges and disbursements of any counsel for the Administrative Agent, any Lender or the
Issuing Lenders), 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 11.04, or (B) in connection with Credit Extensions
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 Credit Extensions or Letters of Credit.

 

(b) Indemnification
by the Borrower. The Borrower shall indemnify the Administrative Agent (and any sub-agent thereof), the Lead Arrangers, each
Lender and each Issuing Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”)
against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including
the reasonable and documented fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or
asserted against any Indemnitee by any third party or by the Borrower or any other 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
or 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, (ii) any Credit
Extension or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an Issuing Lender
to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly
comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on
or from any property owned or operated by the Borrower or any of its Subsidiaries, or any Environmental Claims related in any
way to the Borrower 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
the Borrower or any other Loan Party or any of the Borrower’s or any other Loan Party’s directors, shareholders or
creditors, 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 or (y) result from a claim brought by the Borrower against an Indemnitee for breach in bad
faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if the Borrower has obtained a final
and non-appealable judgment in its favor on such claim as determined by a court of competent jurisdiction.

 

(c) Reimbursement
by Lenders. To the extent that the Borrower for any reason fails to indefeasibly pay any amount required under subsection
11.04(a) or (b) to be paid by it to the Administrative Agent (or any sub-agent thereof), an Issuing 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),
such Issuing 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

    	96

    	

    

payment is sought) of such unpaid amount, provided 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) or an Issuing 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) or such Issuing Lender in connection with such
capacity.

 

(d) Waiver of
Consequential Damages, Etc. To the fullest extent permitted by applicable law, the Borrower shall not assert, and hereby waives,
any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed
to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or
any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Credit Extension or Letter
of Credit or the use of the proceeds thereof. No Indemnitee referred to in subsection (b) above 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 other than for direct or actual
damages resulting from the gross negligence or willful misconduct of such Indemnitee as determined by a final and non-appealable
judgment of a court of competent jurisdiction.

 

(e) Payments.
All amounts due under this Section 11.04 shall be payable not later than ten Business Days after demand therefor.

 

(f) Survival.
The agreements in this Section 11.04 and the indemnity provisions of subsection 11.02(e) shall survive the resignation
of any Administrative Agent and any Issuing 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 the Borrower makes a payment to the Administrative Agent or the Lenders, or the Administrative
Agent or any Lender exercises its right of set-off, and such payment or the proceeds of such set-off or any part thereof are subsequently
invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into
by the Administrative Agent or such Lender in its discretion) to be repaid to a trustee, a receiver or any other party, in connection
with any Insolvency Proceeding or otherwise, then (a) to the extent of such recovery the obligation or part thereof originally
intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such
set-off had not occurred and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its Pro Rata
Share 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 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.

    	97

    	

    

(a) The provisions
of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns
permitted hereby, except that the Borrower may not assign or transfer any of its rights or obligations under this Agreement 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 11.06(b),
(ii) by way of participation in accordance with the provisions of subsection 11.06(d), or (iii) by way of
pledge or assignment of a security interest subject to the restrictions of subsection 11.06(f) (and any other attempted
assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be
construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby,
Participants to the extent provided in subsection 11.06(d) and, to the extent expressly contemplated hereby, the Related
Parties of each of the Administrative Agent, the Issuing Lenders and the Lenders) any legal or equitable right, remedy or claim
under or by reason of this Agreement.

 

(b) Assignments
by Lenders. Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under
this Agreement (including all or a portion of its Commitment(s) and/or the Loans (including for purposes of this subsection 11.06(a),
participations in L/C Obligations) at the time owing to it (in each case, with respect to the Revolving Credit Facility, the Five-Year
Term Loan Facility or the Ten-Year Term Loan Facility)); 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 any Commitment of the assigning Lender and/or any Credit Extension
at the time owing to it or in the case of an assignment of a Revolving Loan Commitment to a Revolving Loan Lender, an Affiliate
of a Revolving Loan Lender or an Approved Fund with respect to a Revolving Loan Lender or in the case of an assignment of a Term
Loan or a Term Loan Commitment 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 11.06(b)(i)(A), 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
Credit Extensions 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 a “Trade Date” is specified in the
Assignment and Assumption, as of the Trade Date, shall not be less than (x) in the case of an assignment of Revolving Loan Commitment
(or, if the Revolving Loan Commitments have terminated, Loans under the Revolving Credit Facility), $5,000,000 (and shall be an
integral multiple of $1,000,000) and (y) in the case of an assignment of a Five-Year Term Loan Commitment (or, if applicable,
a Five-Year Term Loan) or a Ten-Year Term Loan Commitment (or, if applicable, a Ten-year Term Loan), $1,000,000, in each case,
unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise

    	98

    	

    

consents (each such consent not to be unreasonably withheld or delayed); provided, however, that concurrent assignments
to members of an Assignee Group and concurrent assignments from members of an Assignee Group to a single Eligible Assignee (or
to an Eligible Assignee and members of its Assignee Group) will be treated as a single assignment for purposes of determining
whether such minimum amount has been met;

 

(ii) Proportionate
Amounts. Each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s
rights and obligations under this Agreement with respect to the Class of Credit Extensions or the Class of Commitments, as the
case may be, assigned, except that this clause (ii) shall not prohibit any Revolving Loan Lender from assigning all or a portion
of its rights and obligations among separate Revolving Commitments on a non-pro rata basis;

 

(iii) Required
Consents. No consent shall be required for any assignment except to the extent required by subsection 11.06(b)(i)(B)
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 (A) of a Revolving Loan Commitment
to an existing Revolving Loan Lender or a Term Loan Commitment to an existing Lender, an Affiliate of a Lender or an Approved
Fund, or (B) of a Term Loan to a Lender, an Affiliate of a Lender or an Approved Fund;

 

(B) the
consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required for assignments
in respect of (x) a Revolving Loan Commitment to a Person other than a Revolving Loan Lender, an Affiliate of a Revolving Loan
Lender or an Approved Fund with respect to a Revolving Loan Lender, or (y) any Term Loans to a Person that is not a Lender, an
Affiliate of a Lender or an Approved Fund; and

 

(C) the
consent of the Issuing Lenders (such consent not to be unreasonably withheld or delayed) shall be required for any assignment
that increases the obligation of the assignee to participate in exposure under one or more Letters of Credit (whether or not then
outstanding).

 

(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 shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire.

 

(v) No
Assignment to Borrower or Defaulting Lender. No such assignment shall be made (i) to the Borrower or any of the Borrower’s
Affiliates or Subsidiaries or (ii) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon

    	99

    	

    

becoming a Lender
hereunder, would constitute any of the foregoing Persons described in this clause (ii).

 

(vi) No
Assignment to Natural Persons. No such assignment shall be made to a natural person (or a holding company, investment vehicle
or trust for, or owned and operated for the primary benefit of a natural person).

 

(vii) Certain
Additional Payments. In connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such
assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the
assignment shall make such additional payments to the Administrative Agent in an aggregate amount sufficient, upon distribution
thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other
compensating actions, including funding, with the consent of the Borrower and the Administrative Agent, the applicable Pro Rata
Share of the 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, any Issuing Lender 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 in accordance with its Pro Rata Share.
Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall
become effective under Applicable Law without compliance with the provisions of this paragraph, then the assignee of such interest
shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs.

 

Subject to acceptance and recording thereof
by the Administrative Agent pursuant to subsection 11.06(c), from and after the effective date specified in each Assignment
and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such
Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder
shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement
(and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this
Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Article IV
and Section 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 Revolving Loan Note, a Five-Year Term Loan and/or
a Ten-Year Term Loan Note, as applicable, 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 11.06(d).

 

(c) Register.
The Administrative Agent, acting solely for this purpose as an agent of the Borrower (and such agency being solely for tax purposes),
shall maintain at the

    	100

    	

    

 Administrative Agent’s Payment 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 Credit Extensions 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 may 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, notwithstanding notice
to the contrary. 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 Credit Extensions (including such Lender’s participations in L/C
Obligations) owing to it, as the case may be); provided that (i) such Lender’s obligations under this Agreement
shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance
of such obligations and (iii) the Borrower, the Administrative Agent, the Issuing Lenders and the Lenders shall continue to deal
solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement, in each
case subject to clause (i) below. For the avoidance of doubt, each Lender shall be responsible for the indemnity under subsection
11.04(c) without regard to the existence of any participation subject to subsection 11.06(e) below. Except as set forth
above in this subsection 11.06(d) and as set forth in subsection 11.06(e) below, 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 the first proviso to Section 11.01 that affects such Participant. Subject to subsection
11.06(e), the Borrower agrees that each Participant shall be entitled to the benefits of Article IV and Section 11.01
to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section 11.06(a).
To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 11.09 as though
it were a Lender, provided such Participant agrees to be subject to Section 2.13 as though it were a Lender. Each
Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register
on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s
interest in the Loans or other obligations under the Loan Documents (the “Participant Register”); provided
that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of
any Participant or any information relating to a Participant’s interest in any commitments, loans, 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,

    	101

    	

    

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) Limitations
upon Participant Rights. A Participant (i) agrees to be subject to the provisions of Section 4.07 as if it were an
assignee under subsection 11.06(b) and (ii) shall not be entitled to receive any greater payment under Section 4.01
or 4.04 than the Appropriate Lender would have been entitled to receive with respect to the participation sold to such
Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent
and except to the extent such entitlement to receive a greater payment results from a change in a Requirement of Law that occurs
after the Participant acquired the applicable participation. A Participant that would be a Foreign Lender if it were a Lender
shall not be entitled to the benefits of Section 4.01 unless the Borrower is notified of the participation sold to
such Participant and such Participant agrees, for the benefit of the Borrower, to comply with subsection 4.01(e) as
though it were a Lender.

 

(f) Certain Pledges.
Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement (including
under its Note(s), 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.

 

(g) Reserved.

 

(h) Resignation
as Issuing Lender after Assignment. Notwithstanding anything to the contrary contained herein, if at any time Bank of America
assigns all of its Revolving Loan Commitment and Revolving Loans pursuant to subsection 11.06(a), Bank of America
may, upon 30 days’ notice to the Borrower and the Lenders, resign as Issuing Lender. In the event of any such resignation
as Issuing Lender, the Borrower shall be entitled to appoint from among the Lenders a successor Issuing Lender hereunder; provided,
however, that no failure by the Borrower to appoint any such successor shall affect the resignation of Bank of America
as Issuing Lender. If Bank of America resigns as Issuing Lender, it shall retain all the rights, powers, privileges and duties
of an Issuing Lender hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as
Issuing Lender 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 L/C Obligations pursuant to Article III). Upon the appointment of a successor Issuing
Lender, (a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the
retiring Issuing Lender, and (b) the successor Issuing Lender 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.

 

(i) Voting Participants.
Notwithstanding anything in this Section 11.06 to the contrary, any Farm Credit Lender that (i) has purchased a participation
from any Lender that is a Farm Credit Lender in the minimum amount of $10,000,000 on or after the Closing Date, (ii) is,

    	102

    	

    

by written
notice to the Administrative Agent (a “Voting Participant Notice”), designated by the selling Lender as being
entitled to be accorded the rights of a voting participant hereunder (any Farm Credit Lender so designated being called a “Voting
Participant”) and (iii) receives the prior written consent of the Administrative Agent to become a Voting Participant
(to the extent such consent would be required pursuant to subsection 11.06(a) if such transfer were an assignment rather
than a sale of a participation), shall be entitled to vote (and the voting rights of the selling Lender shall be correspondingly
reduced), on a dollar for dollar basis, as if such Voting Participant were a Lender, on any matter requiring or allowing a Lender
to provide or withhold its consent, or to otherwise vote on any proposed action, in each case, in lieu of the vote of the selling
Lender; provided, however, that if such Voting Participant has at any time failed to fund any portion of its participation
when required to do so and written notice of such failure has been delivered by the selling Lender to the Administrative Agent,
then until such time as all amounts of its participation required to have been funded have been funded and notice of such funding
has been delivered by the selling Lender to the Administrative Agent, such Voting Participant shall not be entitled to exercise
its voting rights pursuant to the terms of this clause (i), and the voting rights of the selling Lender shall not be correspondingly
reduced by the amount of such Voting Participant’s participation. Notwithstanding the foregoing, each Farm Credit Lender
designated as a Voting Participant on Schedule 11.06 shall be a Voting Participant to the extent of the amount of its participation
set forth on Schedule 11.06 without delivery of a Voting Participant Notice and without the prior written consent of the
Administrative Agent. To be effective, each Voting Participant Notice shall, with respect to any Voting Participant, (A) state
the full name of such Voting Participant, as well as all contact information required of an assignee as set forth in the Assignment
and Acceptance, (B) state the dollar amount of the participation purchased and (C) include such other information as may be required
by the Administrative Agent. The selling Lender and the Voting Participant shall notify the Administrative Agent in writing within
three Business Days of any termination of, or reduction or increase in the amount of, such participation and shall promptly upon
request of the Agent update or confirm there has been no change in the information set forth in Schedule 11.06 or delivered
in connection with any Voting Participant Notice. The Administrative Agent shall be entitled to conclusively rely on information
provided by a Lender identifying itself or its participant as a Farm Credit Lender without verification thereof and may also conclusively
rely on the information set forth in Schedule 11.06 delivered in connection with any Voting Participant Notice or otherwise
furnished pursuant to this clause (i) and, unless and until notified thereof in writing by the selling Lender, may assume that
there have been no changes in the identity of Voting Participants, the dollar amount of participations, the contact information
of the participants or any other information furnished to the Administrative Agent pursuant to this clause (i). The voting rights
hereunder are solely for the benefit of the Voting Participants and shall not inure to any assignee or participant of a Voting
Participant.

 

11.07 Treatment
of Certain Information; Confidentiality. Each of the Administrative Agent, each Issuing Lender and each Lender agrees to maintain
the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates
and to its and its Affiliates’ respective partners, directors, officers, employees, agents, advisors and representatives
(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 it (including any self-regulatory authority, such as

    	103

    	

    

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 11.07,
to (I) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations
under this Agreement or (II) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction
relating to the Borrower and its obligations, (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 issuance and monitoring of CUSIP numbers or 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 (I) becomes publicly
available other than as a result of a breach of this Section 11.07 or (II) becomes available to the Administrative
Agent, any Lender, any Issuing Lender or any of their respective Affiliates on a non-confidential basis from a source other than
the Borrower or any Related Party thereof. In addition, the Administrative Agent and the Lenders may disclose the existence of
this Agreement and information about this Agreement to market data collectors, similar service providers to the lending industry
and service providers to the Administrative Agent and the Lenders in connection with the administration of this Agreement, the
other Loan Documents, and the Commitments.

 

For purposes of this
Section 11.07, “Information” means all information received from the Borrower or any Subsidiary thereof
relating to the Borrower or any Subsidiary thereof or their respective businesses, other than any such information that is available
to the Administrative Agent or any Lender on a non-confidential basis prior to disclosure by the Borrower or any Subsidiary thereof.
Any Person required to maintain the confidentiality of Information as provided in this Section 11.07 shall be considered
to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality
of such Information as such Person would accord to its own confidential information.

 

Each of the Administrative
Agent and each Lender acknowledges that (a) the Information may include material non-public information concerning the Borrower
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 Federal
and state securities Laws.

 

11.08 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 Event of Default or Unmatured Event of Default
at the time of any Credit Extension, and shall continue in full

    	104

    	

    

force and effect as long as any Credit Extension or any other
Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding.

 

11.09 Set-off.
In addition to any rights and remedies of the Lenders provided by law, if an Unmatured Event of Default under subsection
9.01(a), (f) or (g) or any Event of Default exists, each Lender and each of their respective Affiliates is authorized
at any time and from time to time, without prior notice to the Borrower or such other Loan Party, any such notice being expressly
waived by the Borrower and the other Loan Parties to the fullest extent permitted by law, to set off and apply any and all deposits
(general or special, time or demand, provisional or final) at any time held by, and other indebtedness at any time owing by, such
Lender or any such Affiliate to or for the credit or the account of the Borrower or such other Loan Party against any and all
Obligations owing to such Lender or its Affiliates, now or hereafter existing, irrespective of whether or not the Administrative
Agent or such Lender or Affiliate shall have made demand under this Agreement or any other Loan Document and although such Obligations
may be contingent or unmatured. Each Lender agrees promptly to notify the Borrower or such other Loan Party and the Administrative
Agent after any such set-off and application made by such Lender or any of its Affiliates; provided that if a 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 2.16 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
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, each Issuing Lender and their respective Affiliates under this Section 11.09 are in addition to other rights
and remedies (including other rights of setoff) that such Lender and such Issuing Lender or their respective Affiliates may have.
Each Lender and each Issuing Lender agrees to notify the Borrower and the Administrative Agent promptly after any such setoff
and application, provided, however, that the failure to give such notice shall not affect the validity of such set-off
and application.

 

11.10 Notification
of Addresses, Lending Offices, Etc. Each Lender shall notify the Administrative Agent in writing of any change in the address
to which notices to such Lender should be directed, of addresses of any Lending Office, of payment instructions in respect of
all payments to be made to it hereunder and of such other administrative information as the Administrative Agent shall reasonably
request. Each Lender may make any Credit Extension to the Borrower through any Lending Office, provided that the exercise of this
option shall not affect the obligation of the Borrower to repay the Credit Extension in accordance with the terms of this Agreement.

 

11.11 Counterparts;
Integration; Effectiveness. 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. This Agreement
and the other Loan Documents (and the Fee Letters referred in subsection 2.09(a)) 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 5.01, this Agreement shall become effective when
it shall have been executed by the Administrative Agent and when the Administrative

    	105

    	

    

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 by telecopy or other electronic imaging means shall be effective as delivery of a manually executed counterpart
of this Agreement.

 

11.12 Severability.
The illegality or unenforceability of any provision of this Agreement or any instrument or agreement required hereunder shall
not in any way affect or impair the legality or enforceability of the remaining provisions of this Agreement or any instrument
or agreement required hereunder.

 

11.13 No Third
Parties Benefited. This Agreement is made and entered into for the sole protection and legal benefit of the Borrower, the
Lenders, the Administrative Agent and the Agent-Related Persons, and their permitted successors and assigns, and no other Person
shall be a direct or indirect legal beneficiary of, or have any direct or indirect cause of action or claim in connection with,
this Agreement or any of the other Loan Documents.

 

11.14 Governing
Law and Jurisdiction. (a) THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS 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 LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO ANY CONFLICTS OR CHOICE
OF LAW PRINCIPLES THEREOF THAT WOULD HAVE A CONTRARY RESULT; PROVIDED THAT THE PARTIES HERETO SHALL RETAIN ALL RIGHTS ARISING
UNDER FEDERAL LAW.

 

(b) ANY LEGAL ACTION
OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK
SITTING IN NEW YORK COUNTY OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK AND BY EXECUTION AND DELIVERY OF THIS
AGREEMENT, EACH OF THE COMPANY, THE ADMINISTRATIVE AGENT AND EACH LENDER CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY,
TO THE NON-EXCLUSIVE JURISDICTION OF SUCH COURTS. EACH OF THE COMPANY, THE ADMINISTRATIVE AGENT AND EACH LENDER IRREVOCABLY WAIVES
ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW
OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF THIS AGREEMENT OR ANY DOCUMENT
RELATED HERETO. THE COMPANY, THE ADMINISTRATIVE AGENT AND THE LENDERS EACH WAIVE PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR
OTHER PROCESS, WHICH MAY BE MADE BY ANY OTHER MEANS PERMITTED BY NEW YORK LAW.

 

11.15 Waiver
of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT

    	106

    	

    

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 11.16.

 

11.16 No Advisory
or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated hereby, the Borrower and each
other Loan Party acknowledges and agrees, and acknowledges its Affiliates’ understanding, that: (i) the credit facilities
provided for hereunder and any related arranging or other services in connection therewith (including in connection with any amendment,
waiver or other modification hereof or of any other Loan Document) are an arm’s-length commercial transaction between the
Borrower and each other Loan Party and their respective Affiliates, on the one hand, and the Administrative Agent, the Lead Arrangers
and the Lenders, on the other hand, and the Borrower and each other Loan Party is capable of evaluating and understanding and
understands and accepts the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents
(including any amendment, waiver or other modification hereof or thereof); (ii) in connection with the process leading to
such transaction, the Administrative Agent, each Lead Arranger and each Lender each is and has been acting solely as a principal
and is not the financial advisor, agent or fiduciary, for the Borrower, any other Loan Party or any of their respective Affiliates,
stockholders, creditors or employees or any other Person; (iii) none of the Administrative Agent, any Lead Arranger or any Lender
has assumed or will assume an advisory, agency or fiduciary responsibility in favor of the Borrower or any other Loan Party with
respect to any of the transactions contemplated hereby or the process leading thereto, including with respect to any amendment,
waiver or other modification hereof or of any other Loan Document (irrespective of whether the Administrative Agent, any Lead
Arranger or any Lender has advised or is currently advising the Borrower, any other Loan Party or any of their respective Affiliates
on other matters) and none of the Administrative Agent, any Lead Arranger or any Lender has any obligation to the Borrower, any
other Loan Party 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; (iv) the Administrative Agent, the Lead Arrangers and the Lenders
and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those
of the Borrower, any other Loan Party and their respective Affiliates, and none of the Administrative Agent, any Lead Arranger
or any Lender has any obligation to disclose any of such interests by virtue of any advisory, agency or fiduciary relationship;
and (v) none of the Administrative Agent, any Lead Arranger or any Lender has provided and will not provide any legal, accounting,
regulatory or tax advice with respect to any of the transactions contemplated hereby (including any amendment, waiver or other
modification hereof or of any other Loan Document) and the Borrower and each other Loan Party has consulted its own legal, accounting,
regulatory and tax advisors to the extent it has deemed

    	107

    	

    

appropriate. The Borrower and each Loan Party hereby waive and release,
to the fullest extent permitted by law, any claims that it may have against the Administrative Agent, the Lead Arrangers and the
Lenders with respect to any breach or alleged breach of agency or fiduciary duty.

 

11.17 Electronic
Execution of Assignments and Certain Other Documents. The words “execute,” “execution,” “signed,”
“signature,” and words of like import in or related to any document to be signed in connection with this Agreement
and the transactions contemplated hereby (including without limitation Assignment and Assumptions, amendments or other modifications,
Notices of Borrowing, waivers and consents) 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 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.

 

11.18 USA PATRIOT
Act Notice. 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 Borrower 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 Borrower, which information includes the name and address of the Borrower and other information
that will allow such Lender or the Administrative Agent, as applicable, to identify the Borrower in accordance with the Act. The
Borrower 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.

 

11.19 Judgment.
If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due hereunder or under any other
Loan Document in one currency into another currency, the rate of exchange used shall be that at which in accordance with normal
and customary banking procedures the Administrative Agent could purchase the first currency with such other currency on the Business
Day preceding that on which final judgment is given. The obligation of the Borrower in respect of any such sum due from it to
the Administrative Agent or any Lender hereunder or under any other Loan Document shall, notwithstanding any judgment in a currency
(the “Judgment Currency”) other than that in which such sum is denominated in accordance with the applicable
provisions of this Agreement (the “Agreement Currency”), be discharged only to the extent that on the Business
Day following receipt by the Administrative Agent or such Lender of any sum adjudged to be so due in the Judgment Currency, the
Administrative Agent or such Lender may in accordance with normal and customary banking procedures purchase the Agreement Currency
with the Judgment Currency. If the amount of the Agreement Currency so purchased is less than the sum originally due to the Administrative

    	108

    	

    

Agent or such Lender in the Agreement Currency, the Borrower agrees, as a separate obligation and notwithstanding any such judgment,
to indemnify the Administrative Agent or such Lender against such loss. If the amount of the Agreement Currency so purchased is
greater than the sum originally due to the Administrative Agent or such Lender in such currency, the Administrative Agent or such
Lender agrees to return the amount of any excess to the Borrower (or to any other Person who may be entitled thereto under Applicable
Law).

 

11.20 Entire
Agreement. This Agreement, together with the other Loan Documents (and the Fee Letters referred in subsection 2.09(a)),
embodies the entire agreement and understanding among the Borrower, the other Loan Parties, the Lenders and the Administrative
Agent, and supersedes all prior or contemporaneous agreements and understandings of such Persons, verbal or written, relating
to the subject matter hereof and thereof.

 

11.21 Restatement
of Existing Revolving Credit Agreement. The parties hereto agree that effective as of the Closing Date: (a) the obligations
of the Borrower under this Agreement and the other documents executed in connection herewith represent, among other things, the
restatement, renewal, amendment, extension, and modification of the obligations of the Borrower under the Existing Revolving Credit
Agreement; (b) this Agreement is intended to, and does hereby, restate, renew, extend, amend, modify, supersede, and replace the
Existing Revolving Credit Agreement in its entirety; and (c) the Notes, if any, executed pursuant to this Agreement amend, renew,
extend, modify, replace, restate, substitute for, and supersede in their entirety (but do not extinguish the indebtedness arising
under) the promissory notes issued pursuant to the Existing Revolving Credit Agreement.

    	109

    	

    

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

 

	 	SNYDER’S- LANCE, INC., as Borrower
	 	 

	 	By:	 	 
	 	Name:	 
	 	Title:	 

 

Snyder’s-Lance, Inc.
Amended and
Restated Credit Agreement
Signature Page

    	 

    	

    

	 	BANK OF AMERICA, N.A.,
as Administrative Agent and as a Lender
	 	 

	 	By:	 	 
	 	Name:	 
	 	Title:	 

 

Snyder’s-Lance, Inc.
Amended and
Restated Credit Agreement
Signature Page

    	 

    	

    

	 	BANK OF AMERICA, N.A., as a
    Lender
	 	 

	 	By:	 	 
	 	Name:	 
	 	Title:	 

 

Snyder’s-Lance, Inc.
Amended and
Restated Credit Agreement
Signature Page

    	 

    	

    

	 	MANUFACTURERS AND TRADERS
TRUST COMPANY, as a Lender
	 	 

	 	By:	 	 
	 	Name:	 
	 	Title:	 

 

Snyder’s-Lance, Inc.
Amended and
Restated Credit Agreement
Signature Page

    	 

    	

    

	 	COBANK, ACB, as a Lender
	 	 

	 	By:	 	 
	 	Name:	 
	 	Title:	 

 

Snyder’s-Lance, Inc.
Amended and
Restated Credit Agreement
Signature Page

    	 

    	

    

	 	BRANCH BANKING AND TRUST COMPANY, as a Lender
	 	 

	 	By:	 	 
	 	Name:	 
	 	Title:	 

 

Snyder’s-Lance, Inc.
Amended and
Restated Credit Agreement
Signature Page

    	 

    	

    

	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender
	 	 

	 	By:	 	 
	 	Name:	 
	 	Title:	 

 

Snyder’s-Lance, Inc.
Amended and
Restated Credit Agreement
Signature Page

    	 

    	

    

	 	CITIZENS BANK OF PENNSYLVANIA, as
    a Lender
	 	 

	 	By:	 	 
	 	Name:	 
	 	Title:	 

 

Snyder’s-Lance, Inc.
Amended and
Restated Credit Agreement
Signature Page

    	 

    	

    

	 	PNC BANK, NATIONAL ASSOCIATION, as
    a Lender
	 	 

	 	By:	 	 
	 	Name:	 
	 	Title:	 

Snyder’s-Lance, Inc.
Amended and
Restated Credit Agreement
Signature Page

    	 

    	

    

	 	TD BANK, N.A., as a Lender
	 	 

	 	By:	 	 
	 	Name:	 
	 	Title:	 

 

Snyder’s-Lance, Inc.
Amended and
Restated Credit Agreement
Signature Page

    	 

    	

    

schedule
2.01

 

REVOLVING
CREDIT COMMITMENTS

AND PRO RATA SHARES 

 

	Lender	 	Commitment	 	Pro Rata Share	 
	Bank of America, N.A.	 	$	62,500,000.00	 	 	 	16.66666667	%
	Manufacturers and Traders Trust Company	 	$	62,500,000.00	 	 	 	16.66666667	%
	Branch Banking and Trust Company	 	$	50,000,000.00	 	 	 	13.33333333	%
	Wells Fargo Bank National Association	 	$	50,000,000.00	 	 	 	13.33333333	%
	CoBank, ACB	 	$	37,500,000.00	 	 	 	10.00000000	%
	Citizens Bank of Pennsylvania	 	$	37,500,000.00	 	 	 	10.00000000	%
	PNC Bank, National Association	 	$	37,500,000.00	 	 	 	10.00000000	%
	TD Bank, N.A.	 	$	37,500,000.00	 	 	 	10.00000000	%
	 	 	 	 	 	 	 	 	 
	TOTAL	 	$	375,000,000.00	 	 	 	100.00000000	%

 

FIVE-YEAR
TERM LOAN COMMITMENTS

AND PRO RATA SHARES

 

	Lender	 	Commitment	 	Pro Rata Share	 
	 	 	 	 	 
	Bank of America, N.A.	 	$	30,000,000.00	 	 	 	20.00000000	%
	Manufacturers and Traders Trust Company	 	$	30,000,000.00	 	 	 	20.00000000	%
	Branch Banking and Trust Company	 	$	22,500,000.00	 	 	 	15.00000000	%
	Wells Fargo Bank National Association	 	$	22,500,000.00	 	 	 	15.00000000	%
	Citizens Bank of Pennsylvania	 	$	15,000,000.00	 	 	 	10.00000000	%
	PNC Bank, National Association	 	$	15,000,000.00	 	 	 	10.00000000	%
	TD Bank, N.A.	 	$	15,000,000.00	 	 	 	10.00000000	%
	 	 	 	 	 	 	 	 	 
	TOTAL	 	$	150,000,000.00	 	 	 	100.00000000	%

 

TEN-YEAR
TERM LOAN COMMITMENTS

AND PRO RATA SHARES

 

	Lender	 	Commitment	 	Pro Rata Share	 
	CoBank, ACB	 	$	150,000,000.00	 	 	 	100.00000000	%
	 	 	 	 	 	 	 	 	 
	TOTAL	 	$	150,000,000.00	 	 	 	100.00000000	%

    	 

    	

    

schedule
2.07(a)

 

AMORTIZATION
OF FIVE-YEAR TERM LOANS

 

	Last Business
    Day of	 	Amount	 
	June 2014	 	$	1,875,000.00	 
	September 2014	 	$	1,875,000.00	 
	December 2014	 	$	1,875,000.00	 
	March 2015	 	$	1,875,000.00	 
	June 2015	 	$	1,875,000.00	 
	September 2015	 	$	1,875,000.00	 
	December 2015	 	$	1,875,000.00	 
	March 2016	 	$	1,875,000.00	 
	June 2016	 	$	1,875,000.00	 
	September 2016	 	$	1,875,000.00	 
	December 2016	 	$	1,875,000.00	 
	March 2017	 	$	1,875,000.00	 
	June 2017	 	$	1,875,000.00	 
	September 2017	 	$	1,875,000.00	 
	December 2017	 	$	1,875,000.00	 
	March 2018	 	$	1,875,000.00	 
	June 2018	 	$	1,875,000.00	 
	September 2018	 	$	1,875,000.00	 
	December 2018	 	$	1,875,000.00	 
	March 2019	 	$	1,875,000.00	 
	Five-Year Term Loan Facility
    Termination Date	 	$	112,500,000.00	 

    	 

    	

    

schedule
2.07(b)

 

AMORTIZATION
OF TEN-YEAR TERM LOANS

 

	June 2014	 	$	0.00	 
	September 2014	 	$	0.00	 
	December 2014	 	$	0.00	 
	March 2015	 	$	0.00	 
	June 2015	 	$	0.00	 
	September 2015	 	$	0.00	 
	December 2015	 	$	0.00	 
	March 2016	 	$	0.00	 
	June 2016	 	$	0.00	 
	September 2016	 	$	0.00	 
	December 2016	 	$	0.00	 
	March 2017	 	$	0.00	 
	June 2017	 	$	0.00	 
	September 2017	 	$	0.00	 
	December 2017	 	$	0.00	 
	March 2018	 	$	0.00	 
	June 2018	 	$	0.00	 
	September 2018	 	$	0.00	 
	December 2018	 	$	0.00	 
	March 2019	 	$	0.00	 
	June 2019	 	$	0.00	 
	September 2019	 	$	7,500,000.00	 
	December 2019	 	$	7,500,000.00	 
	March 2020	 	$	7,500,000.00	 
	June 2020	 	$	7,500,000.00	 
	September 2020	 	$	7,500,000.00	 
	December 2020	 	$	7,500,000.00	 
	March 2021	 	$	7,500,000.00	 
	June 2021	 	$	7,500,000.00	 

    	 

    	

    

	September 2021	 	$	7,500,000.00	 
	December 2021	 	$	7,500,000.00	 
	March 2022	 	$	7,500,000.00	 
	June 2022	 	$	7,500,000.00	 
	September 2022	 	$	7,500,000.00	 
	December 2022	 	$	7,500,000.00	 
	March 2023	 	$	7,500,000.00	 
	June 2023	 	$	7,500,000.00	 
	September 2023	 	$	7,500,000.00	 
	December 2023	 	$	7,500,000.00	 
	March 2024	 	$	7,500,000.00	 
	Ten-Year Term Loan Facility Termination Date	 	$	7,500,000.00	 

    	 

    	

    

SCHEDULE
6.16

 

SUBSIDIARIES OF THE BORROWER

 

	Subsidiary	 	Jurisdiction	 	Owner(s)	 	% Ownership	 
	U.S. Subsidiaries	 
	Lanhold Investments, Inc.	 	Delaware	 	Snyder’s-Lance, Inc.	 	 	100	%
	Late July Holdings, LLC	 	Delaware	 	Snyder’s-Lance, Inc.	 	 	80	%
	S-L Snacks Real Estate, Inc.	 	Pennsylvania-	 	Snyder’s-Lace, Inc.	 	 	100	%
	Late July Snacks LLC	 	Delaware	 	Late July Holdings, LLC	 	 	100	%
	S-L Snacks National, LLC	 	North Carolina	 	S-L Snacks Real Estate, Inc.	 	 	100	%
	S-L Distribution Company, Inc.	 	Delaware	 	S-L Snacks Real Estate, Inc.	 	 	100	%
	George Greer Company, Inc.	 	Rhode Island	 	S-L Snacks Real Estate, Inc.	 	 	100	%
	Michaud Distributors	 	Maine	 	S-L Snacks Real Estate, Inc.	 	 	100	%
	SOH Transportation, LLC	 	Pennsylvania	 	S-L Distribution Company, Inc.	 	 	100	%
	S-L Snacks Finance, Inc.	 	Delaware	 	S-L Distribution Company, Inc.	 	 	100	%
	Patriot Snacks Real Estate, LLC	 	Delaware	 	S-L Distribution Company, Inc.	 	 	100	%
	S-L Snacks IN, LLC	 	North Carolina	 	S-L Snacks National, LLC	 	 	100	%
	S-L Snacks PN, LLC	 	North Carolina	 	S-L Snacks National, LLC	 	 	100	%
	S-L Snacks FL, LLC	 	North Carolina	 	S-L Snacks National, LLC	 	 	100	%
	S-L Snacks MA, LLC	 	North Carolina	 	S-L Snacks National, LLC	 	 	100	%
	S-L Snacks PA, LLC	 	North Carolina	 	S-L Snacks National, LLC	 	 	100	%
	S-L Snacks AZ, LLC	 	North Carolina	 	S-L Snacks National, LLC	 	 	100	%
	S-L Snacks Logistics, LLC	 	North Carolina	 	S-L Snacks National, LLC	 	 	100	%
	S-L Snacks OH, LLC	 	North Carolina	 	S-L Snacks National, LLC	 	 	100	%
	S-L Snacks TX, LLC	 	North Carolina	 	S-L Snacks National, LLC	 	 	100	%

    	 

    	

    

	Subsidiary	 	Jurisdiction	 	Owner(s)	 	% Ownership	 
	Snack Factory Holding, Inc.	 	Delaware	 	S-L Snacks National, LLC	 	 	100	%
	S-L Snacks EU, LLC	 	Delaware	 	S-L Snacks National, LLC	 	 	100	%
	Baptista’s Bakery, Inc.	 	Wisconsin	 	S-L Snacks National, LLC	 	 	100	%
	5C Investments LLC	 	Wisconsin	 	S-L Snacks National, LLC	 	 	100	%
	S-L Snacks NC, LLC	 	North Carolina	 	S-L Snacks PN, LLC	 	 	100	%
	S-L Snacks GA, LLC	 	North Carolina	 	S-L Snacks PN, LLC	 	 	100	%
	SOH Capital, LLC	 	Pennsylvania	 	S-L Snacks PA, LLC	 	 	100	%
	Snack Factory, LLC	 	New Jersey	 	Snack Factory Holding, Inc.	 	 	100	%
	Princeton Vanguard, LLC	 	Delaware	 	Snack Factory Holding, Inc.	 	 	100	%
	Other Foreign Subsidiaries	 
	TFL Liquidating Ltd.	 	Canada	 	Lanhold Investments, Inc.	 	 	100	%

    	 

    	

    

SCHEDULE
8.02

 

PERMITTED LIENS

 

Snyder’s-Lance, Inc.

 

North Carolina Secretary of State

 

1

	Debtor:	Snyder’s-Lance, Inc.	 	 
	Secured Party:	General Electric Capital Corporation	 
	File No.:	20110051291C	6/14/2011	 
	Collateral:	Leased equipment	 	 
	 	 	 	 
	2	 	 	 
	Debtor:	Snyder’s-Lance, Inc.	 	 
	Secured Party:	Winthrop Resources Corporation	 
	File No.:	20120048520F	5/23/2012	 
	Collateral:	Leased equipment	 	 
	 	 	 	 
	3	 	 	 
	Debtor:	Snyder’s-Lance, Inc.	 	 
	Secured Party:	Winthrop Resources Corporation	 
	File No.:	20120090540E	9/26/2012	 
	Collateral:	Leased equipment	 	 
	 	nAmendment filed 7/18/2014 to restated description of leased equipment	 
	 	 	 	 
	4	 	 	 
	Debtor:	Snyder’s-Lance, Inc.	 	 
	Secured Party:	General Electric Credit Corporation of Tennessee	 
	File No.:	20130094464E	10/2/2013	 
	Collateral:	Leased equipment	 	 
	 	 	 	 
	5	 	 	 
	Debtor:	Snyder’s-Lance, Inc.	 	 
	Secured Party:	General Mills Operations, LLC	 
	File No.:	20140075053J	8/6/2014	 
	Collateral:	Specific equipment	 	 
	 	 	 	 
	6	 	 	 
	Debtor:	Snyder’s-Lance, Inc.	 	 
	Secured Party:	General Electric Capital Corporation	 
	File No.:	20150003149G	1/12/2015	 
	Collateral:	Leased equipment	 	 

    	 

    	

    

	7	 	 
	Debtor:	Snyder’s-Lance, Inc.	 
	Secured Party:	Toyota Motor Credit Corporation
	 	Southeast Industrial Equipment, Inc.
	File No.:	20150107985K	11/16/2015
	Collateral:	Toyota equipment	 
	 	 	 

S-L Snacks MA, LLC

 

North Carolina Secretary of State

 

	Debtor:	S-L Snacks MA, LLC	 
	Secured Party:	Wells Fargo Bank, N.A.
	File No.:	20140085140G	 9/9/2014
	Collateral:	Leased equipment 	 

 

S-L Snacks National, LLC

 

North Carolina Secretary of State

 

	Debtor:	S-L Snacks National, LLC
	Secured Party:	Wisconsin Lift Truck Corp.
	File No.:	20150091479K	9/24/2015
	Collateral:	Specific equipment	 

 

MICHAUD DISTRIBUTORS

 

Maine Division of Corporations

 

	1	 	 
	Debtor:	Michaud Distributors	 
	Secured Party:	Wells Fargo Bank, N.A.
	File No.:	2130002154602-26	2/6/2013
	Collateral:	Specific equipment	 

 

	2	 	 
	Debtor:	Michaud Distributors	 
	Secured Party:	NMHG Financial Services, Inc.
	File No.:	2130002163642-90	4/17/2013
	Collateral:	Leased equipment	 

    	 

    	

    

	3	 
	Debtor:	Michaud Distributors
	Secured Party:	NMHG Financial Services, Inc.
	File No.:	2130002168264-15
	Collateral:	Leased equipment

 

GEORGE GREER COMPANY, INC.

 

Rhode Island Secretary of State

 

	Debtor:	George Greer Co., Inc.	 
	Secured Party:	Wells Fargo Bank, N.A.
	File No.:	201008790670	6/29/2010
	Collateral:	Specific equipment	 

    	 

    	

    

SCHEDULE
11.02

 

EURODOLLAR AND DOMESTIC LENDING OFFICES,

ADDRESSES FOR NOTICES

 

SNYDER’S-LANCE, INC.

 

Mr. Rick D. Puckett

Executive Vice President, Chief Financial Officer

and Treasurer

13024 Ballantyne Corporate Place, Suite 900

Charlotte, North Carolina 28277

 

Telephone: (704) 557-8021

Facsimile: (704) 554-5586

 

BANK OF AMERICA, N.A.,

as Administrative Agent

 

Bank of America, N.A.

555 California Street, 4th Floor

CA5-705-04-09

San Francisco, CA 94104

Attention: Bridgett J. Manduk

 

Telephone: 415-436-1097

Facsimile: 415-503-5011

Email: bridgett.manduk@baml.com

 

Administrative Agent’s Payment Office:

 

Bank of America, N.A.

One Independence Center

101 N. Tryon Street, 5th Floor

NC1-001-05-46

Charlotte, NC 28255

Attention: Jennifer L. Clark

 

Telephone: 980-388-0017

Facsimile: 704-409-0135

E-mail: jennifer.l.clark@baml.com

 

For Credit To: Corporate Credit Services

Account No.: 1366212250600

ABA No.: 026009593

Reference: Snyder’s-Lance, Inc.

    	 

    	

    

BANK OF AMERICA, N.A.,

as an Issuing Lender and as a Lender

 

Bank of America, N.A.

One Independence Center

101 N. Tryon Street, 5th Floor

NC1-001-05-46

Charlotte, NC 28255

Attention: Jennifer L. Clark

 

Telephone: 980-388-0017

Facsimile: 704-409-0135

E-mail: jennifer.l.clark@baml.com

 

Notices (other than borrowing notices
and Notices of

Conversion/Continuation):

Bank of America, N.A.

540 W Madison Street

Chicago, IL 60661

Attention: Casey Cosgrove

 

Telephone: 312-828-3092

Facsimile: 312-987-1276

Email: casey.cosgrove@baml.com

    	 

    	

    

SCHEDULE
11.06

 

VOTING PARTICIPANTS

 

AGFIRST FARM CREDIT BANK

AMERICAN AGCREDIT, FLCA

FARM CREDIT EAST, ACA

FARM CREDIT WEST, FLCA

NORTHWEST FARM CREDIT SERVICES, FLCA

    	 

    	

    

EXHIBIT A

 

FORM OF

NOTICE OF BORROWING 

 

	Date:	 	 	 
	 	 
	To:	Bank of America, N.A., as Administrative Agent under the Amended and Restated Credit Agreement,
    dated as of May 30, 2014 (as amended, restated or otherwise modified from time to time, the “Credit Agreement”),
    among Snyder’s-Lance, Inc., various financial institutions, and Bank of America, N.A., as Administrative Agent.
    

 

Ladies and Gentlemen:

 

The undersigned, Snyder’s-Lance,
Inc. (the “Borrower”), refers to the Credit Agreement (terms defined therein being used herein as therein defined)
and hereby gives you notice irrevocably, pursuant to Section 2.03 of the Credit Agreement, of the Borrowing of Loans specified
below:

 

1. The Business Day
of the proposed Borrowing is  _________, _______.

 

2. The Borrowing is
to be comprised of [Base Rate] [Eurodollar Rate] Loans.

 

3. The aggregate amount
of the proposed Borrowing is $________[, which is comprised of [$[_____] of Revolving Loan Borrowings] [$[_____] of Term
Loan Borrowings (which constitutes the entire amount of the Five-Year Term Loans and Ten-Year Term Loans under subsections
2.01(b) and 2.01(c) of the Credit Agreement)]].

 

[4. The duration of
the Interest Period for the Eurodollar Rate Loans included in the Borrowing shall be _________ months.]

 

The Borrower certifies
that the following statements are true on the date hereof, and will be true on the date of the proposed Borrowing, before and
after giving effect thereto and to the application of the proceeds therefrom:

 

(a) the representations
and warranties contained in Sections 6.01, 6.02, 6.04, 6.08, 6.13 and 6.20, of the Credit
Agreement are accurate and complete in all material respects (except, if a qualifier relating to materiality, Material Adverse
Effect or a similar concept applies, such representation or warranty is true and correct in all respects) on and as of such date,
as though made on and as of such date, except to the extent that such representations and warranties specifically refer to an
earlier date, in which case they are accurate and complete in all material respects (except, if a qualifier relating to materiality,
Material Adverse Effect or a similar concept applies, such representation or warranty is true and correct in all respects) as
of such earlier date; and

 

(b) no Event of Default
or Unmatured Event of Default has occurred and is continuing or will result from such proposed Borrowing.

    	 

    	

    

(c) the proposed Borrowing
will not cause the Total Revolving Loan Outstandings to exceed the Aggregate Revolving Loan Commitment.

 

	 	SNYDER’S-LANCE, INC.	 
	 	 	 
	 	By: 	 	 
	 	 	Name:	 	 
	 	 	Title:	 	 
	 

    	 

    	

    

EXHIBIT B

 

FORM OF

NOTICE OF CONVERSION/CONTINUATION 

 

	Date:	 	 	 
	 	 	 
	To:	 	Bank of America, N.A., as Administrative Agent under the Amended and Restated Credit Agreement, dated as of May 30, 2014
    (as amended from time to time, the “Credit Agreement”), among Snyder’s-Lance, Inc., various financial
    institutions, and Bank of America, N.A., as Administrative Agent.
    

 

Ladies and Gentlemen:

 

The undersigned, Snyder’s-Lance,
Inc. (the “Borrower”), refers to the Credit Agreement (terms defined therein being used herein as therein defined)
and hereby gives you notice irrevocably, pursuant to Section 2.04 of the Credit Agreement, with respect to the [conversion] [continuation]
of the Loans specified herein, that:

 

1. The Conversion/Continuation
Date is_________,                 .

 

2. The aggregate amount
of the Loans to be [converted] [continued] is $                      , which is comprised of [$[_____] of Revolving Loans] [$[_____] of Five-Year
Term Loans] [$[_____] of Ten-Year Term Loans].

 

3. The Loans are to
be [converted into] [continued as] [Eurodollar Rate] [Base Rate] Loans.

 

[4. The duration of
the Interest Period for the Eurodollar Rate Loans included in the [conversion] [continuation] shall be                     months.]

 

The Borrower certifies
that on the date hereof, and on the proposed Conversion/Continuation Date both before and after giving effect thereto, no Event
of Default or Unmatured Event of Default has occurred and is continuing, or would result from such proposed [conversion] [continuation].

 

	 	SNYDER’S-LANCE, INC.	 
	 	 	 	 	 
	 	By: 	 	 	 
	 	 	Name:	 	 
	 	 	Title:	 	 

    	 

    	

    

EXHIBIT C

 

FORM OF

COMPLIANCE CERTIFICATE 

 

	To:	 	Bank of America, N.A., as Administrative Agent, and
        the Lenders which are party to the Credit Agreement referred to below

        

 

Reference is made to
the Amended and Restated Credit Agreement dated as of May 30, 2014 (as amended, restated or otherwise modified from time to time,
the “Credit Agreement”) among Snyder’s-Lance, Inc. (the “Borrower”), various financial
institutions, and Bank of America, N.A., as Administrative Agent. Terms used but not otherwise defined herein are used herein
as defined in the Credit Agreement.

 

	I.	 	Reports. Enclosed herewith is a copy of the Borrower’s most recent [Form 10-Q/Form 10-K] filed with the SEC,
    which includes the [annual audited/quarterly] report of the Borrower as at __________, ____ (the “Computation Date”).
    This report fairly presents, in accordance with GAAP (subject only to normal year-end audit adjustments and absence of footnotes)
    the consolidated financial position of the Borrower and its Subsidiaries, as of the Computation Date and for the period then
    ended.
	 	 	 
	II.	 	Financial Tests. The Borrower hereby certifies
        and warrants to you that the following is a true and correct computation as at the Computation Date of the following ratios
        and/or financial restrictions contained in the Credit Agreement:

        

 

A. Subsection 8.01(a) Total Debt to EBITDA Ratio

 

	(1) Total Indebtedness as of the last day of the Computation
    Period ending on the Computation Date:	 	$		 
	 	 	 	 	 
	(2) EBITDA for the Computation Period ending on the
    Computation Date	 	$		 
	 	 	 	 	 
	(3) Ratio of Item (1) to Item (2):	 	 	_._	%
	 	 	 	 	 
	(4) Maximum ratio allowed1:	 	 	________ to 1	 

 

B. Subsection 8.01(b) Interest Coverage Ratio

 

 

1See Section
8.01(a) of the Credit Agreement for the applicable ratio; provided, however, thereafter, at such time as the maximum
Total Debt to EBITDA ratio permitted is 3.50 to 1.0, following a Material Acquisition, the maximum Total Debt to EBITDA Ratio
permitted by Section 8.01(a) of the Credit Agreement shall be increased by 0.25 for the four consecutive Computation Periods following
such Material Acquisition

    	 

    	

    

	(1)  EBIT for the Computation Period ending on the Computation Date:	 	$	 	 
	 	 	 	 	 
	(2)  Interest Expense for the Computation Period ending on the Computation Date:	 	$	 	 
	 	 	 	 	 
	(3) Ratio of Item (1) to Item (2):	 	 	_._	%
	 	 	 	 	 
	(4) Minimum ratio allowed:	 	 	2.50 to 1	 

 

	III.

         
	Defaults. The Borrower hereby further certifies
        and warrants to you as of the date of the filing of the [Form 10-Q/Form 10-K] referred to in clause I that no Event of
        Default or Unmatured Event of Default has occurred and is continuing.

 

	IV.	Total Net Debt to EBITDA Ratio.

        

 

	 	(1) Total Indebtedness as
    of the last day of the Computation Period ending on the Computation Date:	 	$		 
	 	 	 	 	 	 
	 	(2) Unrestricted cash and
    unrestricted Cash Equivalent Investments held by, and undrawn amounts of letters of credit issued to, the Borrower and its
    Subsidiaries as of the last day of the Computation Period ending on the Computation Date:	 	$		 
	 	 	 	 	 	 
	 	(3) EBITDA for the Computation
    Period ending on the Computation Date	 	$		 
	 	 	 	 	 	 
	 	(3) Ratio of [Item (1) minus
    Item (2)] to Item (3):	 	 	_._	%

    	 

    	

    

IN WITNESS WHEREOF,
the Borrower has caused this Certificate to be executed and delivered by its duly authorized officer this ____ day of ____________,
_____.

 

	 	SNYDER’S-LANCE, INC.	 
	 	 	 
	 	By:  	 	 
	 	 	Title:	 	 

    	 

    	

    

EXHIBIT D

 

FORM OF

ASSIGNMENT AND ACCEPTANCE

 

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 [the][each]2 Assignor identified in item 1 below ([the][each, an] “Assignor”)
and [the][each]3 Assignee identified in item 2 below ([the][each, an] “Assignee”). [It is understood
and agreed that the rights and obligations of [the Assignors][the Assignees]4 hereunder are several and not joint.]5
Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below
(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][each] Assignor hereby irrevocably sells and assigns to [the Assignee][the respective Assignees], and [the][each] Assignee
hereby irrevocably purchases and assumes from [the Assignor][the respective Assignors], subject to and in accordance with the
Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated
below (i) all of [the Assignor’s][the respective Assignors’] rights and obligations in [its capacity as a Lender][their
respective capacities as Lenders] under the Credit Agreement and any other documents or instruments delivered pursuant thereto
to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations
of [the Assignor][the respective Assignors] under the respective facilities identified below (including, without limitations,
the Letters of Credit included in such facilities6) and (ii) to the extent permitted to be assigned under applicable
law, all claims, suits, causes of action and any other right of [the Assignor (in its capacity as a Lender)][the respective Assignors
(in their respective capacities as Lenders)] against any Person, whether known or unknown, arising under or in connection with
the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby
or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice
claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant
to clause (i) above (the rights and obligations sold and assigned by [the][any] Assignor to [the][any] Assignee pursuant to clauses

 

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

    	 

    	

    

	4	Select as appropriate.
	 	 
	5	Include bracketed language if there are either multiple Assignors or multiple Assignees.
	 	 
	6	Include all applicable subfacilities.

 

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

 

	1.	Assignor[s]:	 		 	 
	 	 	 	 	 	 
	 	 	 		 	 
	 	 	 	 	 	 
	2.	Assignee[s]:	 		 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 		 	 
	 	[for each Assignee, indicate [Affiliate][Approved Fund] of [identify Lender]]
	 	 
	3. 	Borrower:	 	Snyder’s-Lance, Inc.	 	 
		 	 	 	 	 
	4.	Administrative Agent: Bank of America, N.A., as the administrative agent under the Credit Agreement
	 	 	 	 	 	 
	5.	Credit Agreement: Amended and Restated Credit Agreement, dated as of May
    30, 2014, among Snyder’s-Lance, Inc., the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative
    Agent
	 	 
	6.	Assigned Interest[s]:

 

	 	 	 	 	 	Aggregate	 	 	 	Percentage	 	 	 
	 	 	 	 	 	Amount of	 	Amount of	 	Assigned of	 	 	 
	Facility	 	 	 	 	Commitment/Loans	 	Commitment/Loans	 	Commitment/	 	 	CUSIP
	 Assigned7  	Assignor[s]8	 	Assignee[s]9	 	for all Lenders10	 	Assigned	 	Loans11	 	 	Number
	 	 	 	 	 	$ 	 	$ 	 	 	%	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 

	[7.  	Trade Date: 	 	 	]12

    	 

    	

    

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

    	 

    	

    

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

	 	 	 	 	 
	 	ASSIGNOR

    [NAME OF ASSIGNOR]	 
	 	 	 
	 	By:  	 	 
	 	 	Title:	 
	 	 	 	 
	 	ASSIGNEE

    [NAME OF ASSIGNEE]	 
	 	 	 
	 	By:  	 	 
	 	 	Title:	 
	 	 	 	 

[Consented to and]13 Accepted:

 

	 	 	 	 	 
	BANK OF AMERICA, N.A., as

    Administrative Agent

     	 	 
	By:  	 	 	 
	 	Title:	 	 

 

	7	Fill in the appropriate terminology for the types of facilities under the Credit Agreement that are
    being assigned under this Assignment and Assumption (e.g. “Revolving Loans,” “Five-Year Term Loans,”
    “Ten-Year Term Loans” etc.)
	 	 
	8	List each Assignor, as appropriate.
	 	 
	9	List each Assignee, as appropriate.
	 	 
	10	Amounts in this column and in the column immediately to the right to be adjusted by the counterparties to take into account
    any payments or prepayments made between the Trade Date and the Effective Date.
	 	 
	11	Set forth, to at least 9 decimals, as a percentage of the applicable Commitment/ Loans of all Lenders thereunder.
	 	 
	12	To be completed if the Assignor and the Assignee intend that the minimum assignment amount is to be determined as of the
    Trade Date.
	 	 
	13	To be added only if the consent of the Administrative
        Agent is required by the terms of the Credit Agreement.

        

    	 

    	

    

[Consented to:]14

BANK OF AMERICA, N.A., as Issuing Lender

 

	By: 	 	 	 
	 	Title: 	 	 
	 	 	 	 

[LENDER’S NAME], as Issuing Lender

 

	By: 	 	 	 
	 	Title: 	 	 
	 	 	 	 

	SNYDER’S-LANCE, INC.	 
	 	 
	By: 	 	 
	 	Title:	 

	 	 
	14	To be added only if the consent of the Borrower and/or other parties (e.g. an Issuing Lender) is required by the terms
    of the Credit Agreement.

    	 

    	

    

ANNEX
1 TO ASSIGNMENT AND ASSUMPTION

 

AMENDED AND RESTATED CREDIT AGREEMENT
DATED AS OF MAY 30, 2014

WITH SNYDER’S-LANCE, INC.

 

STANDARD TERMS AND CONDITIONS FOR

ASSIGNMENT AND ASSUMPTION

 

1. Representations
and Warranties.

 

1.1. Assignor.
[The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][[the relevant] Assigned
Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (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 (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][Each] Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary,
to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender
under the Credit Agreement, (ii) it meets all the requirements to be an assignee under Section 11.06(b)(iii), (v)
and (vi) 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
as a Lender thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a Lender thereunder,
(iv) it is sophisticated with respect to decisions to acquire assets of the type represented by [the][such] Assigned Interest
and either it, or the Person exercising discretion in making its decision to acquire [the][such] 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 7.01 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][such] 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][such] 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][such] Assignee; and (b) agrees that (i) it will, independently and
without reliance upon the Administrative Agent, [the][any] Assignor or any other Lender, and based on such documents and information
as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not

    	 

    	

    

taking action under
the 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.

 

2. Payments.
From and after the Effective Date, the Administrative Agent shall make all payments in respect of [the][each] Assigned Interest
(including payments of principal, interest, fees and other amounts) to [the][the relevant] Assignor for amounts which have accrued
to but excluding the Effective Date and to [the][the relevant] Assignee for amounts which have accrued from and after the Effective
Date.

 

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 North Carolina.

    	 

    	

    

EXHIBIT E-1

 

FORM OF REVOLVING LOAN NOTE

PROMISSORY NOTE

 

	US$_______________	__________, ______

 

FOR VALUE RECEIVED,
the undersigned, SNYDER’S-LANCE, INC. (the “Borrower”), hereby promises to pay to the order of ____________
or its registered assigns (the “Lender”) the principal sum of ________________ Dollars ($____________) or,
if less, the aggregate unpaid principal amount of the Revolving Loans made by the Lender to the Borrower pursuant to the Amended
and Restated Credit Agreement, dated as of May 30, 2014 (as amended, restated or otherwise modified from time to time, the “Credit
Agreement”), among the Borrower, various financial institutions, and Bank of America, N.A., as Administrative Agent,
on the dates and in the amounts provided in the Credit Agreement. The Borrower further promises to pay interest on the unpaid
principal amount of the Revolving Loans evidenced hereby from time to time at the rates, on the dates, and otherwise as provided
in the Credit Agreement.

 

The Lender is authorized
to endorse the amount and the date on which each Revolving Loan is made and each payment of principal with respect thereto on
the schedules annexed hereto and made a part hereof, or on continuations thereof which shall be attached hereto and made a part
hereof; provided that any failure to endorse such information on such schedule or continuation thereof shall not in any
manner affect any obligation of the Borrower under the Credit Agreement and this Promissory Note (this “Note”).

 

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

 

Terms defined in the
Credit Agreement are used herein with their defined meanings therein unless otherwise defined herein. This Note shall be governed
by, and construed and interpreted in accordance with, the laws of the State of North Carolina without regard to the conflicts
or choice of law principles thereof.

 

IN WITNESS WHEREOF,
the Borrower has caused this Note to be duly executed and delivered as of the day and year first above written.

 

	 	SNYDER’S-LANCE, INC.
	 	 
	 	By: 	 
	 	 	Name:	 
	 	 	Title:	 

    	 

    	

    

Schedule
A to REVOLVING LOAN Note

 

BASE RATE LOANS AND REPAYMENTS OF

BASE RATE LOANS

 

	 	 	(2)	 	(3)	 	 
	 	 	Amount of	 	Amount of	 	(4)
	(1)	 	Base	 	Base Rate	 	Notation
	Date	 	Rate Loan	 	Loan Repaid	 	Made By
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

    	 

    	

    

Schedule
B to REVOLVING LOAN Note

 

EURODOLLAR RATE LOANS AND REPAYMENTS

OF EURODOLLAR RATE LOANS

 

	 	 	 	 	(3)	 	(4)	 	 
	 	 	(2)	 	Interest	 	Amount of	 	 
	 	 	Amount of	 	Period for	 	Eurodollar	 	(5)
	(1)	 	Eurodollar	 	Eurodollar	 	Rate	 	Notation
	Date	 	Rate Loan	 	Rate Loan	 	Loan Repaid	 	Made By
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

    	 

    	

    

EXHIBIT E-2

 

FORM OF Five-Year
Term LOAN NOTE

PROMISSORY NOTE

 

	US$_______________	__________, ______

 

FOR VALUE RECEIVED,
the undersigned, SNYDER’S-LANCE, INC. (the “Borrower”), hereby promises to pay to the order of ____________
or its registered assigns (the “Lender”) the principal sum of ________________ Dollars ($____________) or,
if less, the aggregate unpaid principal amount of the Five-Year Term Loans made by the Lender to the Borrower pursuant to the
Amended and Restated Credit Agreement, dated as of May 30, 2014 (as amended, restated or otherwise modified from time to time,
the “Credit Agreement”), among the Borrower, various financial institutions, and Bank of America, N.A., as
Administrative Agent, on the dates and in the amounts provided in the Credit Agreement. The Borrower further promises to pay interest
on the unpaid principal amount of the Five-Year Term Loans evidenced hereby from time to time at the rates, on the dates, and
otherwise as provided in the Credit Agreement.

 

The Lender is authorized
to endorse the amount and the date on which each Five-Year Term Loan is made and each payment of principal with respect thereto
on the schedules annexed hereto and made a part hereof, or on continuations thereof which shall be attached hereto and made a
part hereof; provided that any failure to endorse such information on such schedule or continuation thereof shall not in
any manner affect any obligation of the Borrower under the Credit Agreement and this Promissory Note (this “Note”).

 

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

 

Terms defined in the
Credit Agreement are used herein with their defined meanings therein unless otherwise defined herein. This Note shall be governed
by, and construed and interpreted in accordance with, the laws of the State of North Carolina without regard to the conflicts
or choice of law principles thereof.

 

IN WITNESS WHEREOF,
the Borrower has caused this Note to be duly executed and delivered as of the day and year first above written.

 

	 	SNYDER’S-LANCE, INC.
	 	 
	 	By: 	 
	 	 	Name:	 
	 	 	Title:	 

    	 

    	

    

Schedule
A to Five-Year Term LOAN Note

 

BASE RATE LOANS AND REPAYMENTS OF

BASE RATE LOANS

 

	 	 	(2)	 	(3)	 	 
	 	 	Amount of	 	Amount of	 	(4)
	(1)	 	Base	 	Base Rate	 	Notation
	Date	 	Rate Loan	 	Loan Repaid	 	Made By
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

    	 

    	

    

Schedule
B to Five-Year Term LOAN Note

 

EURODOLLAR RATE LOANS AND REPAYMENTS

OF EURODOLLAR RATE LOANS

 

	 	 	 	 	(3)	 	(4)	 	 
	 	 	(2)	 	Interest	 	Amount of	 	 
	 	 	Amount of	 	Period for	 	Eurodollar	 	(5)
	(1)	 	Eurodollar	 	Eurodollar	 	Rate	 	Notation
	Date	 	Rate Loan	 	Rate Loan	 	Loan Repaid	 	Made By
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

    	 

    	

    

EXHIBIT E-3

 

FORM OF Ten-Year
Term LOAN NOTE

PROMISSORY NOTE

 

	US$_______________	__________, ______

 

FOR VALUE RECEIVED,
the undersigned, SNYDER’S-LANCE, INC. (the “Borrower”), hereby promises to pay to the order of ____________
or its registered assigns (the “Lender”) the principal sum of ________________ Dollars ($____________) or,
if less, the aggregate unpaid principal amount of the Ten-Year Term Loans made by the Lender to the Borrower pursuant to the Amended
and Restated Credit Agreement, dated as of May 30, 2014 (as amended, restated or otherwise modified from time to time, the “Credit
Agreement”), among the Borrower, various financial institutions, and Bank of America, N.A., as Administrative Agent,
on the dates and in the amounts provided in the Credit Agreement. The Borrower further promises to pay interest on the unpaid
principal amount of the Ten-Year Term Loans evidenced hereby from time to time at the rates, on the dates, and otherwise as provided
in the Credit Agreement.

 

The Lender is authorized
to endorse the amount and the date on which each Ten-Year Term Loan is made and each payment of principal with respect thereto
on the schedules annexed hereto and made a part hereof, or on continuations thereof which shall be attached hereto and made a
part hereof; provided that any failure to endorse such information on such schedule or continuation thereof shall not in
any manner affect any obligation of the Borrower under the Credit Agreement and this Promissory Note (this “Note”).

 

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

 

Terms defined in the
Credit Agreement are used herein with their defined meanings therein unless otherwise defined herein. This Note shall be governed
by, and construed and interpreted in accordance with, the laws of the State of North Carolina without regard to the conflicts
or choice of law principles thereof.

 

IN WITNESS WHEREOF,
the Borrower has caused this Note to be duly executed and delivered as of the day and year first above written.

 

	 	SNYDER’S-LANCE, INC.
	 	 
	 	By: 	 
	 	 	Name:	 
	 	 	Title:	 

    	 

    	

    

Schedule
A to Ten-Year Term LOAN Note

 

BASE RATE LOANS AND REPAYMENTS OF

BASE RATE LOANS

 

	 	 	(2)	 	(3)	 	 
	 	 	Amount of	 	Amount of	 	(4)
	(1)	 	Base	 	Base Rate	 	Notation
	Date	 	Rate Loan	 	Loan Repaid	 	Made By
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

    	 

    	

    

Schedule
B to Ten-Year Term LOAN Note

 

EURODOLLAR RATE LOANS AND REPAYMENTS

OF EURODOLLAR RATE LOANS

 

	 	 	 	 	(3)	 	(4)	 	 
	 	 	(2)	 	Interest	 	Amount of	 	 
	 	 	Amount of	 	Period for	 	Eurodollar	 	(5)
	(1)	 	Eurodollar	 	Eurodollar	 	Rate	 	Notation
	Date	 	Rate Loan	 	Rate Loan	 	Loan Repaid	 	Made By
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

    	 

    	

    

Exhibit
F

 

Form
of GUARANTY AGREEMENT

 

THIS GUARANTY AGREEMENT
dated as of _______________, 20__ (this “Guaranty Agreement”), is being entered into among EACH OF THE UNDERSIGNED
AND EACH OTHER PERSON WHO SHALL BECOME A PARTY HERETO BY EXECUTION OF A GUARANTY JOINDER AGREEMENT (each a “Guarantor”
and collectively the “Guarantors”) and BANK OF AMERICA, N.A., as Administrative Agent (in such capacity, the
“Administrative Agent”) for each of the Guaranteed Parties (as defined below). All capitalized terms
used but not otherwise defined herein shall have the meanings ascribed to such terms in the Credit Agreement.

 

RECITALS:

 

A. Pursuant to an Amended and Restated
Credit Agreement dated as of May 30, 2014 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”), among Snyder’s-Lance, Inc., a North Carolina corporation (the “Borrower”), the
Administrative Agent, and the lenders now or hereafter party thereto (the “Lenders”), the Lenders have agreed
to provide to the Borrower a revolving credit facility, a five-year term loan facility and a ten-year term loan facility.

 

B. It is a condition precedent
to the Guaranteed Parties’ obligations to make and maintain such extensions of credit that the Guarantors shall have executed
and delivered this Guaranty Agreement to the Administrative Agent.

 

C. Each Guarantor is, directly
or indirectly, a wholly owned Domestic Subsidiary of the Borrower and will materially benefit from such extensions of credit.
The credit extended under the Credit Agreement will enhance the overall financial strength and stability of the Borrower’s
consolidated group of companies, including the Guarantors.

 

In order to induce
the Guaranteed Parties to from time to time make and maintain extensions of credit under the Credit Agreement, the parties hereto
agree as follows:

 

1. Guaranty.
Each Guarantor hereby jointly and severally, unconditionally, absolutely, continually and irrevocably guarantees to the Administrative
Agent for the benefit of the Guaranteed Parties the payment and performance in full of the Guaranteed Liabilities (as defined
below). For all purposes of this Guaranty Agreement, “Guaranteed Parties” means, collectively, the Administrative
Agent, the Lenders, and each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to the Credit
Agreement. “Guaranteed Liabilities” means: (a) the Borrower’s prompt payment in full, when due or declared
due and at all such times, of all Obligations and all other amounts pursuant to the terms of the Credit Agreement, the Notes,
and all other Loan Documents heretofore, now or at any time or times hereafter owing, arising, due or payable from the Borrower
to any one or more of the Guaranteed Parties, including principal, interest, premiums and fees (including all fees and expenses
of counsel (collectively, “Attorneys’ Costs”)); and (b) each Loan Party’s prompt, full and faithful

    	 

    	

    

performance, observance and discharge
of each and every agreement, undertaking, covenant and provision to be performed, observed or discharged by such Loan Party under
the Credit Agreement, the Notes and all other Loan Documents. The Guarantors’ obligations to the Guaranteed Parties under
this Guaranty Agreement are hereinafter collectively referred to as the “Guarantors’ Obligations” and,
with respect to each Guarantor individually, the “Guarantor’s Obligations”. Notwithstanding the foregoing,
the liability of each Guarantor individually with respect to its Guarantor’s Obligations shall be limited to an aggregate
amount equal to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the
United States Bankruptcy Code or any comparable provisions of any applicable state law.

 

Each Guarantor agrees
that it is jointly and severally, directly and primarily liable (subject to the limitation in the immediately preceding sentence)
for the Guaranteed Liabilities.

 

2. Payment. If
the Borrower shall default in payment or performance of any of the Guaranteed Liabilities, whether principal, interest, premium,
fees (including, but not limited to, Attorneys’ Costs), or otherwise, when and as the same shall become due, and after expiration
of any applicable grace period, whether according to the terms of the Credit Agreement, by acceleration, or otherwise, or upon
the occurrence and during the continuance of any Event of Default under the Credit Agreement, then any or all of the Guarantors
will, upon demand thereof by the Administrative Agent, (i) fully pay to the Administrative Agent, for the benefit of the Guaranteed
Parties, subject to any restriction on each Guarantor’s Obligations set forth in Section 1 hereof, an amount equal
to all the Guaranteed Liabilities then due and owing or declared or deemed to be due and owing, including for this purpose, in
the event of any Event of Default under Sections 9.01(f) and (g) of the Credit Agreement (and irrespective of the applicability
of any restriction on acceleration or other action as against any other Loan Party under any Debtor Relief Laws), the entire outstanding
or accrued amount of all Obligations or (ii) perform such Guaranteed Liabilities, as applicable. For purposes of this Section
2, the Guarantors acknowledge and agree that “Guaranteed Liabilities” shall be deemed to include any amount (whether
principal, interest, premium, fees) which would have been accelerated in accordance with Section 9.02 of the Credit Agreement
but for the fact that such acceleration could be unenforceable or not allowable under any Debtor Relief Law.

 

3. Absolute
Rights and Obligations. This is a guaranty of payment and not of collection. The Guarantors’ Obligations under this
Guaranty Agreement shall be joint and several, absolute and unconditional irrespective of, and each Guarantor hereby expressly
waives, to the extent permitted by law, any defense to its obligations under this Guaranty Agreement and all Loan Documents to
which it is a party by reason of:

 

(a) any
lack of legality, validity or enforceability of the Credit Agreement, of any of the Notes, of any other Loan Document, or of any
other agreement or instrument creating, providing security for, or otherwise relating to any of the Guarantors’ Obligations,
any of the Guaranteed Liabilities, or any other guaranty of any of the Guaranteed Liabilities (the Loan Documents and all such
other agreements and instruments being collectively referred to as the “Related Agreements”);

    	4

    	

    

(b) any
action taken under any of the Related Agreements, any exercise of any right or power therein conferred, any failure or omission
to enforce any right conferred thereby, or any waiver of any covenant or condition therein provided;

 

(c) any
acceleration of the maturity of any of the Guaranteed Liabilities, of the Guarantor’s Obligations of any other Guarantor,
or of any other obligations or liabilities of any Person under any of the Related Agreements;

 

(d) any release,
exchange, non-perfection, lapse in perfection, disposal, deterioration in value, or impairment of any security for any of the
Guaranteed Liabilities, for any of the Guarantor’s Obligations of any Guarantor, or for any other obligations or
liabilities of any Person under any of the Related Agreements;

 

(e) any dissolution of
the Borrower, any Guarantor, any other Loan Party or any other party to a Related Agreement, or the combination or consolidation
of the Borrower, any Guarantor, any other Loan Party or any other party to a Related Agreement into or with another entity or
any transfer or disposition of any assets of the Borrower, any Guarantor or any other Loan Party or any other party to a Related
Agreement;

 

(f) any extension
(including without limitation extensions of time for payment), renewal, amendment, restructuring or restatement of, any
acceptance of late or partial payments under, or any change in the amount of any borrowings or any credit facilities
available under, the Credit Agreement, any of the Notes or any other Loan Document or any other Related Agreement, in whole
or in part;

 

(g) the existence,
addition, modification, termination, reduction or impairment of value, or release of any other guaranty (or security
therefor) of the Guaranteed Liabilities (including without limitation the Guarantor’s Obligations of any other
Guarantor and obligations arising under any other Guaranty or any other Loan Document now or hereafter in effect);

 

(h) any waiver of,
forbearance or indulgence under, or other consent to any change in or departure from any term or provision contained in the
Credit Agreement, any other Loan Document or any other Related Agreement, including without limitation any term pertaining to
the payment or performance of any of the Guaranteed Liabilities, any of the Guarantor’s Obligations of any other
Guarantor, or any of the obligations or liabilities of any party to any other Related Agreement;

 

(i) any other circumstance
whatsoever (with or without notice to or knowledge of any Guarantor or any other Loan Party) which might in any manner or to any
extent vary the risks of such Loan Party, or might otherwise constitute a legal or equitable defense available to, or discharge
of, a surety or a guarantor, including without limitation any right to require or claim that resort be had to the Borrower or
any other Loan Party or to any collateral in respect of the Guaranteed Liabilities or Guarantors’

    	5

    	

    

Obligations, whether arising
under North Carolina General Statutes Sections 26-7 and 26-9 or otherwise.

 

It is the express purpose and intent of
the parties hereto that this Guaranty Agreement and the Guarantors’ Obligations hereunder and under each Guaranty Joinder
Agreement shall be absolute and unconditional under any and all circumstances and shall not be discharged except by payment and
performance as herein provided.

 

4. Currency
and Funds of Payment. All Guarantors’ Obligations for payment will be paid in lawful currency of the United States
of America and in immediately available funds, regardless of any law, regulation or decree now or hereafter in effect that might
in any manner affect the Guaranteed Liabilities, or the rights of any Guaranteed Party with respect thereto as against the Borrower
or any other Loan Party, or cause or permit to be invoked any alteration in the time, amount or manner of payment by the Borrower
or any other Loan Party of any or all of the Guaranteed Liabilities. If any claim arising under or related to this Guaranty Agreement
is reduced to judgment denominated in a currency (the “Judgment Currency”) other than the currencies in which
the Guaranteed Liabilities are denominated or the currencies payable hereunder (collectively the “Obligations Currency”),
the judgment shall be for the equivalent in the Judgment Currency of the amount of the claim denominated in the Obligations Currency
included in the judgment, determined as of the date of judgment. The equivalent of any Obligations Currency amount in any Judgment
Currency shall be calculated at the spot rate for the purchase of the Obligations Currency with the Judgment Currency quoted by
the Administrative Agent in the place of the Administrative Agent’s choice at or about 8:00 a.m. on the date for determination
specified above. Each Guarantor shall indemnify the Administrative Agent and each Guaranteed Party and hold the Administrative
Agent and each Guaranteed Party harmless from and against all loss or damage resulting from any change in exchange rates between
the date any claim is reduced to judgment and the date of payment thereof by such Guarantor or any failure of the amount of any
such judgment to be calculated as provided in this paragraph.

 

5. Events
of Default. Without limiting the provisions of Section 2 hereof, in the event that there shall occur and be continuing
an Event of Default, then notwithstanding any collateral or other security or credit support for the Guaranteed Liabilities, at
the Administrative Agent’s election and without notice thereof or demand therefor, each of the Guaranteed Liabilities and
the Guarantors’ Obligations shall immediately be and become due and payable.

 

6. Subordination.
Until this Guaranty Agreement is terminated in accordance with Section 21 hereof, each Guarantor hereby unconditionally
subordinates all present and future debts, liabilities or obligations now or hereafter owing to such Guarantor (a) of the Borrower,
to the payment in full of the Guaranteed Liabilities, (b) of every other Guarantor (an “obligated guarantor”), to
the payment in full of the Guarantors’ Obligations of such obligated guarantor, and (c) of each other Person now or hereafter
constituting a Loan Party, to the payment in full of the obligations of such Loan Party owing to any Guaranteed Party and arising
under the Loan Documents. All amounts due under such subordinated debts, liabilities, or obligations shall, upon the occurrence
and during the continuance of an Event of Default, be collected and, upon request by the Administrative Agent, paid over forthwith
to the Administrative Agent for the

    	6

    	

    

benefit of the Guaranteed Parties on account
of the Guaranteed Liabilities, the Guarantors’ Obligations, or such other obligations, as applicable, and, after such request
and pending such payment, shall be held by such Guarantor as agent and bailee of the Guaranteed Parties separate and apart from
all other funds, property and accounts of such Guarantor.

 

7. Suits.
Each Guarantor from time to time shall pay to the Administrative Agent for the benefit of the Guaranteed Parties, on demand, at
the Administrative Agent’s Office or such other address as the Administrative Agent shall give notice of to such Guarantor,
the Guarantors’ Obligations as they become or are declared due, and in the event such payment is not made forthwith, the
Administrative Agent may proceed to suit against any one or more or all of the Guarantors. At the Administrative Agent’s
election, one or more and successive or concurrent suits may be brought hereon by the Administrative Agent against any one or
more or all of the Guarantors, whether or not suit has been commenced against the Borrower, any other Guarantor, or any other
Person and whether or not the Guaranteed Parties have taken or failed to take any other action to collect all or any portion of
the Guaranteed Liabilities or have taken or failed to take any actions against any collateral securing payment or performance
of all or any portion of the Guaranteed Liabilities, and irrespective of any event, occurrence, or condition described in Section
3 hereof.

 

8. Set-Off
and Waiver. Each Guarantor waives any right to assert against any Guaranteed Party as a defense, counterclaim, set-off,
recoupment or cross claim in respect of its Guarantor’s Obligations, any defense (legal or equitable) or other claim which
such Guarantor may now or at any time hereafter have against the Borrower or any other Loan Party or any or all of the Guaranteed
Parties without waiving any additional defenses, set-offs, counterclaims or other claims otherwise available to such Guarantor.
Each Guarantor agrees that each Guaranteed Party shall have a lien for all the Guarantor’s Obligations upon all deposits
or deposit accounts, of any kind, or any interest in any deposits or deposit accounts, now or hereafter pledged, mortgaged, transferred
or assigned to such Guaranteed Party or otherwise in the possession or control of such Guaranteed Party for any purpose (other
than solely for safekeeping) for the account or benefit of such Guarantor, including any balance of any deposit account or of
any credit of such Guarantor with the Guaranteed Party, whether now existing or hereafter established, and hereby authorizes each
Guaranteed Party from and after the occurrence of an Event of Default at any time or times with or without prior notice to apply
such balances or any part thereof to such of the Guarantor’s Obligations to the Guaranteed Parties then due and in such
amounts as provided for in the Credit Agreement or otherwise as they may elect. For the purposes of this Section 8, all
remittances and property shall be deemed to be in the possession of a Guaranteed Party as soon as the same may be put in transit
to it by mail or carrier or by other bailee.

 

9. Waiver
of Notice; Subrogation.

 

(a) Each
Guarantor hereby waives to the extent permitted by law notice of the following events or occurrences: (i) acceptance of this Guaranty
Agreement; (ii) the Lenders’ heretofore, now or from time to time hereafter making Loans and otherwise loaning monies or
giving or extending credit to or for the benefit of the Borrower or any other Loan Party, or otherwise entering into arrangements
with any Loan Party giving

    	7

    	

    

rise to Guaranteed Liabilities,
whether pursuant to the Credit Agreement or the Notes or any other Loan Document or Related Agreement or any amendments, modifications,
or supplements thereto, or replacements or extensions thereof; (iii) presentment, demand, default, non-payment, partial payment
and protest; and (iv) any other event, condition, or occurrence described in Section 3 hereof. Each Guarantor agrees that
each Guaranteed Party may heretofore, now or at any time hereafter do any or all of the foregoing in such manner, upon such terms
and at such times as each Guaranteed Party, in its sole and absolute discretion, deems advisable, without in any way or respect
impairing, affecting, reducing or releasing such Guarantor from its Guarantor’s Obligations, and each Guarantor hereby consents
to each and all of the foregoing events or occurrences.

 

(b) Each Guarantor hereby
agrees that payment or performance by such Guarantor of its Guarantor’s Obligations under this Guaranty Agreement may be
enforced by the Administrative Agent on behalf of the Guaranteed Parties upon demand by the Administrative Agent to such Guarantor
without the Administrative Agent being required, such Guarantor expressly waiving to the extent permitted by law any right it
may have to require the Administrative Agent, to (i) prosecute collection or seek to enforce or resort to any remedies against
the Borrower or any other Guarantor or any other guarantor of the Guaranteed Liabilities, or (ii) seek to enforce or resort to
any remedies with respect to any security interests, Liens or encumbrances granted to the Administrative Agent or any Lender or
other party to a Related Agreement by the Borrower, any other Guarantor or any other Person on account of the Guaranteed Liabilities
or any guaranty thereof, IT BEING EXPRESSLY UNDERSTOOD, ACKNOWLEDGED AND AGREED TO BY SUCH GUARANTOR THAT DEMAND UNDER THIS GUARANTY
AGREEMENT MAY BE MADE BY THE ADMINISTRATIVE AGENT, AND THE PROVISIONS HEREOF ENFORCED BY THE ADMINISTRATIVE AGENT, EFFECTIVE AS
OF THE FIRST DATE ANY EVENT OF DEFAULT OCCURS AND IS CONTINUING UNDER THE CREDIT AGREEMENT.

 

(c) Each Guarantor further
agrees that with respect to this Guaranty Agreement, such Guarantor shall not exercise any of its rights of subrogation, reimbursement,
contribution, indemnity or recourse to security for the Guaranteed Liabilities until repayment in full of all of the Guarantors’
Obligations and the termination of this Guaranty Agreement in accordance with Section 21 hereof. If an amount shall be
paid to any Guarantor on account of such rights at any time prior to termination of this Guaranty Agreement in accordance with
the provisions of Section 21 hereof, such amount shall be held in trust for the benefit of the Guaranteed Parties and shall
forthwith be paid to the Administrative Agent, for the benefit of the Guaranteed Parties, to be credited and applied upon the
Guarantors’ Obligations, whether matured or unmatured, in accordance with the terms of the Credit Agreement or otherwise
as the Guaranteed Parties may elect.

 

10. Effectiveness;
Enforceability. This Guaranty Agreement shall be effective as of the date first above written and shall continue in full
force and effect until termination in accordance with Section 21 hereof. Any claim or claims that the Guaranteed Parties
may at any

    	8

    	

    

time hereafter have against a Guarantor
under this Guaranty Agreement may be asserted by the Administrative Agent on behalf of the Guaranteed Parties by written notice
directed to such Guarantor in accordance with Section 23 hereof.

 

11. Representations
and Warranties. Each Guarantor warrants and represents to the Administrative Agent, for the benefit of the Guaranteed
Parties, that (a) it is duly authorized to execute and deliver this Guaranty Agreement (or the Guaranty Joinder Agreement to which
it is a party, as applicable), and to perform its obligations under this Guaranty Agreement; (b) this Guaranty Agreement (or the
Guaranty Joinder Agreement to which it is a party, as applicable) has been duly executed and delivered on behalf of such Guarantor
by its duly authorized representatives; (c) this Guaranty Agreement (and any Guaranty Joinder Agreement to which such Guarantor
is a party) is legal, valid, binding and enforceable against such Guarantor in accordance with its terms except as enforceability
may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’
rights generally and by general equitable principles; and (d) such Guarantor’s execution, delivery and performance of this
Guaranty Agreement (and any Guaranty Joinder Agreement to which such Guarantor is a party) do not violate or constitute a breach
of (i) any of its Organization Documents, (ii) any agreement or instrument to which such Guarantor is a party, or (iii) any Law
to which it or its properties or operations is subject.

 

12. Expenses
and Indemnity. Each Guarantor agrees to be jointly and severally liable for the payment of all reasonable fees and expenses,
including Attorney Costs, incurred by any Guaranteed Party in connection with the enforcement of this Guaranty Agreement, whether
or not suit be brought. Without limitation of any other obligations of any Guarantor or remedies of the Administrative Agent or
any Guaranteed Party under this Guaranty Agreement, each Guarantor shall, to the fullest extent permitted by Law, indemnify, defend
and save and hold harmless the Administrative Agent and each Guaranteed Party from and against, and shall pay on demand, any and
all damages, losses, liabilities and expenses (including Attorney Costs) that may be suffered or incurred by the Administrative
Agent or such Guaranteed Party in connection with or as a result of any failure of any Guaranteed Liabilities to be the legal,
valid and binding obligations of the Borrower or any applicable Loan Party enforceable against the Borrower or such applicable
Loan Party in accordance with their terms. The obligations of each Guarantor under this paragraph shall survive the payment in
full of the Guarantors’ Obligations and termination of this Guaranty Agreement.

 

13. Reinstatement.
Each Guarantor agrees that this Guaranty Agreement shall continue to be effective or be reinstated, as the case may be, at any
time payment received by any Guaranteed Party in respect of any Guaranteed Liabilities is rescinded or must be restored for any
reason, or is repaid by any Guaranteed Party in whole or in part in good faith settlement of any pending or threatened avoidance
claim.

 

14. Attorney-in-Fact.
To the extent permitted by law, each Guarantor hereby appoints the Administrative Agent, for the benefit of the Guaranteed Parties,
as such Guarantor’s attorney-in-fact for the purposes of carrying out the provisions of this Guaranty Agreement and taking
any action and executing any instrument which the Administrative Agent may deem necessary or advisable to accomplish the purposes
hereof, which appointment is coupled with an

    	9

    	

    

interest and is irrevocable; provided,
that the Administrative Agent shall have and may exercise rights under this power of attorney only upon the occurrence and during
the continuance of an Event of Default.

 

15. Reliance.
Each Guarantor represents and warrants to the Administrative Agent, for the benefit of the Guaranteed Parties, that: (a) such
Guarantor has adequate means to obtain on a continuing basis (i) from the Borrower, information concerning the Loan Parties and
the Loan Parties’ financial condition and affairs and (ii) from other reliable sources, such other information as it deems
material in deciding to provide this Guaranty Agreement and any Guaranty Joinder Agreement (“Other Information”),
and has full and complete access to the Loan Parties’ books and records and to such Other Information; (b) such Guarantor
is not relying on any Guaranteed Party or its or their employees, directors, agents or other representatives or Affiliates, to
provide any such information, now or in the future; (c) such Guarantor has been furnished with and reviewed the terms of the Credit
Agreement and such other Loan Documents and Related Agreements as it has requested, is executing this Guaranty Agreement (or the
Guaranty Joinder Agreement to which it is a party, as applicable) freely and deliberately, and understands the obligations and
financial risk undertaken by providing this Guaranty Agreement (and any Guaranty Joinder Agreement); (d) such Guarantor has relied
solely on the Guarantor’s own independent investigation, appraisal and analysis of the Borrower and the other Loan Parties,
such Persons’ financial condition and affairs, the Other Information, and such other matters as it deems material in deciding
to provide this Guaranty Agreement (and any Guaranty Joinder Agreement) and is fully aware of the same; and (e) such Guarantor
has not depended or relied on any Guaranteed Party or its or their employees, directors, agents or other representatives or Affiliates,
for any information whatsoever concerning the Borrower or the Borrower’s financial condition and affairs or any other matters
material to such Guarantor’s decision to provide this Guaranty Agreement (and any Guaranty Joinder Agreement), or for any
counseling, guidance, or special consideration or any promise therefor with respect to such decision. Each Guarantor agrees that
no Guaranteed Party has any duty or responsibility whatsoever, now or in the future, to provide to such Guarantor any information
concerning the Borrower or any other Loan Party or such Persons’ financial condition and affairs, or any Other Information,
other than as expressly provided herein, and that, if such Guarantor receives any such information from any Guaranteed Party or
its or their employees, directors, agents or other representatives or Affiliates, such Guarantor will independently verify the
information and will not rely on any Guaranteed Party or its or their employees, directors, agents or other representatives or
Affiliates, with respect to such information.

 

16. Rules
of Interpretation. The rules of interpretation contained in Section 1.02 of the Credit Agreement shall be applicable
to this Guaranty Agreement and each Guaranty Joinder Agreement and are hereby incorporated by reference. All representations and
warranties contained herein shall survive the delivery of documents and any extension of credit referred to herein or guaranteed
hereby.

 

17. Entire Agreement.
This Guaranty Agreement and each Guaranty Joinder Agreement, together with the Credit Agreement and other Loan Documents, constitutes
and expresses the entire understanding between the parties hereto with respect to the subject matter hereof, and supersedes all
prior negotiations, agreements, understandings, inducements,

    	10

    	

    

commitments or conditions, express or
implied, oral or written, except as herein contained. The express terms hereof control and supersede any course of performance
or usage of the trade inconsistent with any of the terms hereof. Except as provided in Section 21, neither this Guaranty
Agreement nor any Guaranty Joinder Agreement nor any portion or provision hereof or thereof may be changed, altered, modified,
supplemented, discharged, canceled, terminated, or amended orally or in any manner other than as provided in the Credit Agreement.

 

18. Binding
Agreement; Assignment. This Guaranty Agreement, each Guaranty Joinder Agreement and the terms, covenants and conditions
hereof and thereof, shall be binding upon and inure to the benefit of the parties hereto and thereto, and to their respective
heirs, legal representatives, successors and assigns; provided, however, that no Guarantor shall be permitted to
assign any of its rights, powers, duties or obligations under this Guaranty Agreement, any Guaranty Joinder Agreement or any other
interest herein or therein except as expressly permitted herein or in the Credit Agreement. Without limiting the generality of
the foregoing sentence of this Section 18, any Lender may assign to one or more Persons, or grant to one or more Persons
participations in or to, all or any part of its rights and obligations under the Credit Agreement (to the extent permitted by
the Credit Agreement); and to the extent of any such assignment or participation such other Person shall, to the fullest extent
permitted by law, thereupon become vested with all the benefits in respect thereof granted to such Lender herein or otherwise,
subject however, to the provisions of the Credit Agreement, including Article X thereof (concerning the Administrative
Agent) and Section 11.06 thereof concerning assignments and participations. All references herein to the Administrative
Agent shall include any successor thereof.

 

19. Severability. If
any provision of this Guaranty Agreement is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability
of the remaining provisions of this Guaranty 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.

 

20. Counterparts. This
Guaranty Agreement may be executed in any number of counterparts each of which when so executed and delivered shall be deemed
an original, and it shall not be necessary in making proof of this Guaranty Agreement to produce or account for more than one
such counterpart executed by the Guarantors against whom enforcement is sought. Without limiting the foregoing provisions of this
Section 20, the provisions of Section 11.11 of the Credit Agreement shall be applicable to this Guaranty Agreement.

 

21. Termination. Subject
to reinstatement pursuant to Section 13 hereof, this Guaranty Agreement and each Guaranty Joinder Agreement, and all of
the Guarantors’ Obligations hereunder (excluding those Guarantors’ obligations relating to Guaranteed Liabilities
that expressly survive such termination) shall terminate on the later of the Five-Year Term Loan Facility Termination Date, Revolving
Credit Facility Termination Date and the Ten-Year Term Loan Facility Termination Date.

    	11

    	

    

22. Remedies Cumulative;
Late Payments. All remedies hereunder are cumulative and are not exclusive of any other rights and remedies of the Administrative
Agent or any other Guaranteed Party provided by law or under the Credit Agreement, the other Loan Documents or other applicable
agreements or instruments. The making of the Loans and other credit extensions pursuant to the Credit Agreement and other Related
Agreements shall be conclusively presumed to have been made or extended, respectively, in reliance upon each Guarantor’s
guaranty of the Guaranteed Liabilities pursuant to the terms hereof. Any amounts not paid when due under this Guaranty Agreement
shall bear interest at the Default Rate.

 

23. Notices. Any
notice required or permitted hereunder or under any Guaranty Joinder Agreement shall be given, (a) with respect to each Guarantor,
at the address of the Borrower indicated in Schedule 11.02 of the Credit Agreement and (b) with respect to the Administrative
Agent or any other Guaranteed Party, at the Administrative Agent’s address indicated in Schedule 11.02 of the Credit
Agreement. All such addresses may be modified, and all such notices shall be given and shall be effective, as provided in Section
11.02 of the Credit Agreement for the giving and effectiveness of notices and modifications of addresses thereunder.

 

24. Joinder. Each
Person that shall at any time execute and deliver to the Administrative Agent a Guaranty Joinder Agreement substantially in the
form attached as Exhibit A hereto shall thereupon irrevocably, absolutely and unconditionally become a party hereto and
obligated hereunder as a Guarantor, and all references herein and in the other Loan Documents to the Guarantors or to the parties
to this Guaranty Agreement shall be deemed to include such Person as a Guarantor hereunder.

 

25. Governing Law; Jurisdiction;
Etc.

 

(a) THIS GUARANTY AGREEMENT
AND EACH GUARANTY JOINDER AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

 

(b) EACH PARTY HERETO
IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF 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, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS GUARANTY AGREEMENT OR ANY GUARANTY JOINDER
AGREEMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES
THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE 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 OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN

    	12

    	

    

ANY OTHER MANNER PROVIDED BY
LAW. NOTHING IN THIS GUARANTY AGREEMENT OR ANY GUARANTY JOINDER AGREEMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT
OR ANY GUARANTEED PARTY MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS GUARANTY AGREEMENT OR ANY
GUARANTY JOINDER AGREEMENT AGAINST ANY GUARANTOR OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION.

 

(c) EACH PARTY HERETO
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 GUARANTY AGREEMENT OR ANY GUARANTY
JOINDER AGREEMENT 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) EACH
PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 23. NOTHING IN THIS
GUARANTY AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW.

 

26. 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 GUARANTY AGREEMENT
OR ANY GUARANTY JOINDER AGREEMENT 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 GUARANTY AGREEMENT OR ANY GUARANTY JOINDER AGREEMENT
BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

 

[Signature page follows.]

    	13

    	

    

IN WITNESS WHEREOF,
the parties hereto have duly executed and delivered this Guaranty Agreement as of the day and year first written above.

 

	 	GUARANTORS:
	 	 
	 	 
	 	 
	 	By:	 	 
	 	Name:	 
	 	Title:	 
	 	 
	 	ADMINISTRATIVE AGENT:
	 	 
	 	BANK OF AMERICA, N.A., as Administrative Agent
	 	 
	 	By:	 	 
	 	Name:	 
	 	Title:	 

    	 

    	

    

EXHIBIT A

 

Form of Guaranty Joinder Agreement

 

GUARANTY JOINDER AGREEMENT

 

THIS GUARANTY JOINDER
AGREEMENT dated as of _____________, 20__ (this “Guaranty Joinder Agreement”), is made by _______________________________,
a ________________ (the “Joining Guarantor”), in favor of BANK OF AMERICA, N.A., in its capacity as Administrative
Agent (the “Administrative Agent”) for the Guaranteed Parties (as defined in the Guaranty Agreement referenced
below; all capitalized terms used but not defined herein shall have the meanings provided therefor in such Guaranty Agreement).

 

RECITALS:

 

A. Snyder’s-Lance,
Inc., a North Carolina corporation (the “Borrower”), the lenders party thereto and the Administrative Agent
are party to an Amended and Restated Credit Agreement dated as of May 30, 2014 (as amended, restated or otherwise modified from
time to time, the “Credit Agreement”).

 

B. Certain
Subsidiaries of the Borrower are party to a Guaranty Agreement dated as of December 16, 2015 (as in effect on the date
hereof, the “Guaranty Agreement”).

 

C. The Joining Guarantor is a Subsidiary
of the Borrower and is required by the terms of the Credit Agreement to be joined as a party to the Guaranty Agreement as a Guarantor
(as defined in the Guaranty Agreement).

 

D. The Joining
Guarantor will materially benefit directly and indirectly from the making and maintenance of the extensions of credit made
from time to time under the Credit Agreement.

 

In order to induce
the Guaranteed Parties to from time to time make and maintain extensions of credit under the Credit Agreement, the Joining Guarantor
hereby agrees as follows:

 

1. Joinder.
The Joining Guarantor hereby irrevocably, absolutely and unconditionally becomes a party to the Guaranty Agreement as a Guarantor
and bound by all the terms, conditions, obligations, liabilities and undertakings of each Guarantor or to which each Guarantor
is subject thereunder. Without limiting the generality of the foregoing, the Joining Guarantor hereby jointly and severally, unconditionally,
absolutely, continually and irrevocably guarantees to the Administrative Agent for the benefit of the Guaranteed Parties the payment
and performance in full of the Guaranteed Liabilities on the terms and conditions set forth in the Guaranty Agreement, which terms
and conditions are incorporated herein by reference.

 

2. Affirmations.
The Joining Guarantor hereby acknowledges and reaffirms as of the date hereof with respect to itself, its properties and its
affairs each of the waivers,

    	 

    	

    

representations, warranties, acknowledgements
and certifications applicable to any Guarantor contained in the Guaranty Agreement.

 

3. Severability.
If any provision of this Guaranty Joinder Agreement is held to be illegal, invalid or unenforceable, (a) the legality, validity
and enforceability of the remaining provisions of this Guaranty Joinder 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.

 

4. Counterparts.
This Guaranty Joinder Agreement may be executed in any number of counterparts each of which when so executed and delivered
shall be deemed an original, and it shall not be necessary in making proof of this Guaranty Joinder Agreement to produce or account
for more than one such counterpart executed by the Joining Guarantor. Without limiting the foregoing provisions of this Section
4, the provisions of Section 11.11 of the Credit Agreement shall be applicable to this Guaranty Joinder Agreement.

 

5. Delivery.
The Joining Guarantor hereby irrevocably waives notice of acceptance of this Guaranty Joinder Agreement and acknowledges that
the Guaranteed Liabilities are and shall be deemed to be incurred, and credit extensions under the Loan Documents made and maintained,
in reliance on this Guaranty Joinder Agreement and the Joining Guarantor’s joinder as a party to the Guaranty Agreement
as herein provided.

 

6. Governing
Law; Jurisdiction; Waiver of Jury Trial; Etc. The provisions of Sections 25 and 26 of the Guaranty
Agreement are hereby incorporated by reference as if fully set forth herein.

 

[Signature page follows.]

    	 

    	

    

IN WITNESS WHEREOF,
the Joining Guarantor has duly executed and delivered this Guaranty Joinder Agreement as of the day and year first written above.

 

	 	JOINING GUARANTOR:
	 	 
	 	 
	 	 
	 	By:	 	 
	 	Name:	 
	 	Title:	 

    	 

    	

    

EXHIBIT G

 

FORM OF SOLVENCY CERTIFICATE

 

_______________, 20__

 

This Solvency
Certificate is delivered pursuant to Section 3.02(a)(v) of Amendment No. 3 to Amended and Restated Credit Agreement dated
as December 16, 2015 (“Amendment No. 3”), among Snyder’s-Lance, Inc. (the “Borrower”),
various financial institutions, and Bank of America, N.A., as Administrative Agent. Capitalized terms used herein and not otherwise
defined herein shall have the meanings assigned to such terms in Amendment No. 3 or in the Amended and Restated Credit Agreement
dated as of May 30, 2014 (as amended, restated or otherwise modified from time to time, the “Credit Agreement”),
among the Borrower, various financial institutions, and Bank of America, N.A., as Administrative Agent.

 

The undersigned
hereby certifies, solely in his capacity as an officer of the Borrower and not in his individual capacity, as follows:

 

1. I am
the Chief Financial Officer of the Borrower. I am familiar with the Transactions, and have reviewed the Credit Agreement, financial
statements referred to in Sections 6.11 and 7.01 of the Credit Agreement and such documents and made such investigation
as I have deemed relevant for the purposes of this Solvency Certificate.

 

2. As
of the date hereof, immediately after giving effect to the consummation of the Transactions, on and as of such date (i) the fair
value of the assets of the Borrower and its subsidiaries on a consolidated basis, at a fair valuation, will exceed the debts and
liabilities, direct, subordinated, contingent or otherwise, of the Borrower and its subsidiaries on a consolidated basis; (ii)
the present fair saleable value of the property of the Borrower and its subsidiaries on a consolidated basis will be greater than
the amount that will be required to pay the probable liability of the Borrower and its subsidiaries on a consolidated basis on
their debts and other liabilities, direct, subordinated, contingent or otherwise, as such debts and other liabilities become absolute
and matured; (iii) the Borrower and its subsidiaries on a consolidated basis will be able to pay their debts and liabilities,
direct, subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured; and (iv) the Borrower
and its subsidiaries on a consolidated basis will 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 following the Closing Date.

 

3. As
of the date hereof, immediately after giving effect to the consummation of the Transactions, the Borrower does not intend to,
and the Borrower does not believe that it or any of its subsidiaries will, incur debts beyond its ability to pay such debts as
they mature, taking into account the timing and amounts of cash to be received by it or any such subsidiary and the timing and
amounts of cash to be payable on or in respect of its debts or the debts of any such subsidiary.

    	 

    	

    

This Solvency
Certificate is being delivered by the undersigned officer only in his capacity as Chief Financial Officer of the Borrower and
not individually and the undersigned shall have no personal liability to the Administrative Agent or the Lenders with respect
thereto.

 

[Remainder of Page Intentionally Left
Blank]

    	 

    	

    

IN WITNESS WHEREOF,
the undersigned has executed this Solvency Certificate on the date first written above.

 

	 	SNYDER’S- LANCE, INC.
	 	 
	 	By: 	 	 
	 	Name: 	 
	 	Title:	Chief Financial Officer

 

SOLVENCY CERTIFICATE

Signature PageEX-4.1

 Exhibit 4.1 

WALGREENS BOOTS ALLIANCE, INC. 

as Issuer 
 to 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Trustee 
  

 
 INDENTURE 

 
  

Dated as of December 17, 2015 

Debt Securities 

 Reconciliation and tie between 

Trust Indenture Act of 1939 (the “Trust Indenture Act”) 

and Indenture 
  

			
	 Trust Indenture

Act Section
	  	 Indenture Section

	 §310(a)(1)
	  	6.7
	 (a)(2)
	  	6.7
	 (a)(5)
	  	6.7
	 (b)
	  	6.8
	 §312(a)
	  	7.1
	 (b)
	  	7.2
	 (c)
	  	7.2
	 §313(a)
	  	7.3
	 (b)
	  	7.3
	 (c)
	  	7.3
	 (d)
	  	7.3
	 §314(a)(1), (2), (3)
	  	7.4
	 (a)(4)
	  	10.9(1)
	 (c)(1)
	  	1.2
	 (c)(2)
	  	1.2
	 (c)(3)
	  	4.2(4)(a) and 4.2(5) second to last paragraph
	 (e)
	  	1.2
	 (f)
	  	1.2
	 §315(a)
	  	6.1
	 (b)
	  	6.2
	 (c)
	  	6.1
	 (d)
	  	6.1
	 (e)
	  	5.15
	 §316(a) (last sentence)
	  	1.1 (“Outstanding”)
	 (a)(1)(A)
	  	5.12
	 (a)(1)(B)
	  	5.13
	 (b)
	  	5.8
	 (c)
	  	5.13
	 §317(a)(1)
	  	5.3
	 (a)(2)
	  	5.4
	 (b)
	  	10.3
	 §318(a)
	  	1.8

  
 Note: This
reconciliation and tie shall not, for any purpose, be deemed to be part of the Indenture. 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	ARTICLE 1 Definitions and Other Provisions of General Application	  	 	1	 
			
	 Section 1.1.
	 	    Definitions	  	 	1	 
	 Section 1.2.
	 	    Compliance Certificates and Opinions	  	 	12	 
	 Section 1.3.
	 	    Form of Documents Delivered to Trustee	  	 	12	 
	 Section 1.4.
	 	    Acts of Holders	  	 	13	 
	 Section 1.5.
	 	    Notices, etc. to Trustee and Company	  	 	15	 
	 Section 1.6.
	 	    Notice to Holders of Securities; Waiver	  	 	15	 
	 Section 1.7.
	 	    Language of Notices	  	 	16	 
	 Section 1.8.
	 	    Conflict with Trust Indenture Act	  	 	17	 
	 Section 1.9.
	 	    Effect of Headings and Table of Contents	  	 	17	 
	 Section 1.10.
	 	    Successors and Assigns	  	 	17	 
	 Section 1.11.
	 	    Separability Clause	  	 	17	 
	 Section 1.12.
	 	    Benefits of Indenture	  	 	17	 
	 Section 1.13.
	 	    Governing Law	  	 	17	 
	 Section 1.14.
	 	    Legal Holidays	  	 	17	 
	 Section 1.15.
	 	    Counterparts	  	 	18	 
	 Section 1.16.
	 	    Judgment Currency	  	 	18	 
	 Section 1.17.
	 	    No Security Interest Created	  	 	18	 
	 Section 1.18.
	 	    Limitation on Individual Liability	  	 	18	 
	 Section 1.19.
	 	    USA PATRIOT Act	  	 	19	 
	 Section 1.20.
	 	    Force Majeure	  	 	19	 
	 Section 1.21.
	 	    Waiver of Jury Trial	  	 	19	 
		
	ARTICLE 2 Securities Forms	  	 	19	 
			
	 Section 2.1.
	 	    Forms Generally	  	 	19	 
	 Section 2.2.
	 	    Form of Trustee’s Certificate of Authentication	  	 	20	 
	 Section 2.3.
	 	    Securities in Global Form	  	 	20	 
		
	ARTICLE 3 The Securities	  	 	21	 
			
	 Section 3.1.
	 	    Amount Unlimited; Issuable in Series	  	 	21	 
	 Section 3.2.
	 	    Currency; Denominations	  	 	25	 
	 Section 3.3.
	 	    Execution, Authentication, Delivery and Dating	  	 	25	 
	 Section 3.4.
	 	    Temporary Securities	  	 	27	 
	 Section 3.5.
	 	    Registration, Transfer and Exchange	  	 	28	 
	 Section 3.6.
	 	    Mutilated, Destroyed, Lost and Stolen Securities	  	 	31	 
	 Section 3.7.
	 	     Payment of Interest and Certain Additional Amounts; Rights to Interest and Certain Additional Amounts
Preserved
	  	 	32	 
	 Section 3.8.
	 	    Persons Deemed Owners	  	 	34	 
	 Section 3.9.
	 	    Cancellation	  	 	35	 
	 Section 3.10.
	 	    Computation of Interest	  	 	35	 

  
 i 

							
	 	 	 	  	Page	 
		
	ARTICLE 4 Satisfaction and Discharge of Indenture	  	 	35	 
			
	 Section 4.1.
	 	    Satisfaction and Discharge	  	 	35	 
	 Section 4.2.
	 	    Defeasance and Covenant Defeasance	  	 	37	 
	 Section 4.3.
	 	    Application of Trust Money	  	 	41	 
		
	ARTICLE 5 Remedies	  	 	41	 
			
	 Section 5.1.
	 	    Events of Default	  	 	41	 
	 Section 5.2.
	 	    Acceleration of Maturity; Rescission and Annulment	  	 	43	 
	 Section 5.3.
	 	    Collection of Indebtedness and Suits for Enforcement by Trustee	  	 	44	 
	 Section 5.4.
	 	    Trustee May File Proofs of Claim	  	 	45	 
	 Section 5.5.
	 	    Trustee May Enforce Claims without Possession of Securities or Coupons	  	 	46	 
	 Section 5.6.
	 	    Application of Money Collected	  	 	46	 
	 Section 5.7.
	 	    Limitations on Suits	  	 	46	 
	 Section 5.8.
	 	    Unconditional Right of Holders to Receive Principal and any Premium, Interest and Additional Amounts	  	 	47	 
	 Section 5.9.
	 	    Restoration of Rights and Remedies	  	 	47	 
	 Section 5.10.
	 	    Rights and Remedies Cumulative	  	 	48	 
	 Section 5.11.
	 	    Delay or Omission Not Waiver	  	 	48	 
	 Section 5.12.
	 	    Control by Holders of Securities	  	 	48	 
	 Section 5.13.
	 	    Waiver of Past Defaults	  	 	48	 
	 Section 5.14.
	 	    Waiver of Stay or Extension Laws	  	 	49	 
	 Section 5.15.
	 	    Undertaking for Costs	  	 	49	 
		
	ARTICLE 6 The Trustee	  	 	50	 
			
	 Section 6.1.
	 	    Certain Rights of Trustee	  	 	50	 
	 Section 6.2.
	 	    Notice of Defaults	  	 	52	 
	 Section 6.3.
	 	    Not Responsible for Recitals or Issuance of Securities	  	 	53	 
	 Section 6.4.
	 	    May Hold Securities	  	 	53	 
	 Section 6.5.
	 	    Money Held in Trust	  	 	53	 
	 Section 6.6.
	 	    Compensation and Reimbursement	  	 	53	 
	 Section 6.7.
	 	    Corporate Trustee Required; Eligibility	  	 	54	 
	 Section 6.8.
	 	    Resignation and Removal; Appointment of Successor	  	 	54	 
	 Section 6.9.
	 	    Acceptance of Appointment by Successor	  	 	56	 
	 Section 6.10.
	 	    Merger, Conversion, Consolidation or Succession to Business	  	 	57	 
	 Section 6.11.
	 	    Appointment of Authenticating Agent	  	 	58	 
		
	ARTICLE 7 Holders Lists and Reports by Trustee and Company	  	 	59	 
			
	 Section 7.1.
	 	    Company to Furnish Trustee Names and Addresses of Holders	  	 	59	 
	 Section 7.2.
	 	    Preservation of Information; Communications to Holders	  	 	60	 
	 Section 7.3.
	 	    Reports by Trustee	  	 	60	 
	 Section 7.4.
	 	    Reports by Company	  	 	60	 

  
 ii 

							
	 	 	 	  	Page	 
		
	ARTICLE 8 Consolidation, Amalgamation, Merger and Sales	  	 	61	 
			
	 Section 8.1.
	 	    Company May Consolidate, Etc., Only on Certain Terms	  	 	61	 
	 Section 8.2.
	 	    Successor Person Substituted for Company	  	 	62	 
		
	ARTICLE 9 Supplemental Indentures	  	 	62	 
			
	 Section 9.1.
	 	    Supplemental Indentures without Consent of Holders	  	 	62	 
	 Section 9.2.
	 	    Supplemental Indentures with Consent of Holders	  	 	64	 
	 Section 9.3.
	 	    Execution of Supplemental Indentures	  	 	65	 
	 Section 9.4.
	 	    Effect of Supplemental Indentures	  	 	65	 
	 Section 9.5.
	 	    Reference in Securities to Supplemental Indentures	  	 	65	 
	 Section 9.6.
	 	    Conformity with Trust Indenture Act	  	 	66	 
		
	ARTICLE 10 Covenants	  	 	66	 
			
	 Section 10.1.
	 	    Payment of Principal, any Premium, Interest and Additional Amounts	  	 	66	 
	 Section 10.2.
	 	    Maintenance of Office or Agency	  	 	66	 
	 Section 10.3.
	 	    Money for Securities Payments to Be Held in Trust	  	 	67	 
	 Section 10.4.
	 	    Additional Amounts	  	 	69	 
	 Section 10.5.
	 	    Limitation on Liens	  	 	70	 
	 Section 10.6.
	 	    Limitation on Sale and Leaseback Transactions	  	 	71	 
	 Section 10.7.
	 	    Existence	  	 	72	 
	 Section 10.8.
	 	    [Intentionally omitted]	  	 	72	 
	 Section 10.9.
	 	    Company Statement as to Compliance; Notice of Certain Defaults	  	 	72	 
		
	ARTICLE 11 Redemption of Securities	  	 	73	 
			
	 Section 11.1.
	 	    Applicability of Article	  	 	73	 
	 Section 11.2.
	 	    Election to Redeem; Notice to Trustee	  	 	73	 
	 Section 11.3.
	 	    Selection by Trustee of Securities to be Redeemed	  	 	73	 
	 Section 11.4.
	 	    Notice of Redemption	  	 	74	 
	 Section 11.5.
	 	    Deposit of Redemption Price	  	 	76	 
	 Section 11.6.
	 	    Securities Payable on Redemption Date	  	 	76	 
	 Section 11.7.
	 	    Securities Redeemed in Part	  	 	77	 
		
	ARTICLE 12 Sinking Funds	  	 	77	 
			
	 Section 12.1.
	 	    Applicability of Article	  	 	77	 
	 Section 12.2.
	 	    Satisfaction of Sinking Fund Payments with Securities	  	 	78	 
	 Section 12.3.
	 	    Redemption of Securities for Sinking Fund	  	 	78	 
		
	ARTICLE 13 Repayment at the Option of Holders	  	 	79	 
		
	ARTICLE 14 Securities in Foreign Currencies	  	 	79	 
			
	 Section 14.1.
	 	    Applicability of Article	  	 	79	 

  
 iii 

							
	 	 	 	  	Page	 
		
	ARTICLE 15 Meetings of Holders of Securities	  	 	79	 
			
	 Section 15.1.
	 	    Purposes for Which Meetings May Be Called	  	 	79	 
	 Section 15.2.
	 	    Call, Notice and Place of Meetings	  	 	80	 
	 Section 15.3.
	 	    Persons Entitled to Vote at Meetings	  	 	80	 
	 Section 15.4.
	 	    Quorum; Action	  	 	80	 
	 Section 15.5.
	 	    Determination of Voting Rights; Conduct and Adjournment of Meetings	  	 	81	 
	 Section 15.6.
	 	    Counting Votes and Recording Action of Meetings	  	 	82	 

  
 iv 

 INDENTURE, dated as of December 17, 2015 between WALGREENS BOOTS ALLIANCE, INC., a
corporation duly organized and existing under the laws of the State of Delaware (hereinafter called the “Company”), having its principal executive office located at 108 Wilmot Road, Deerfield, Illinois 60015, and WELLS FARGO BANK,
NATIONAL ASSOCIATION, a national banking association, duly organized and existing under the laws of the United States (in its capacity as trustee hereunder, the “Trustee”), having its Corporate Trust Office located at 150 East 42nd
Street, 40th Floor, New York, New York 10017. 
 RECITALS 

The Company has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of Securities (as
herein defined), unlimited as to principal amount, to bear such rates of interest, to mature at such time or times, to be issued in one or more series and to have such other provisions as shall be fixed as hereinafter provided and has appointed
Wells Fargo Bank, National Association to act as Trustee hereunder. 
 The Company has duly authorized the execution and delivery of this
Indenture. All things necessary to make this Indenture a valid agreement of the Company, in accordance with its terms, have been done. 

This Indenture is subject to the provisions of the Trust Indenture Act of 1939, as amended, and the rules and regulations of the Securities
and Exchange Commission promulgated thereunder that are required to be part of this Indenture and, to the extent applicable, shall be governed by such provisions. 

NOW, THEREFORE, THIS INDENTURE WITNESSETH: 

For and in consideration of the premises and the purchase from time to time of the Securities by the Holders (as herein defined) thereof; it
is mutually covenanted and agreed, for the equal and proportionate benefit of all Holders of the Securities of any series thereof and any Coupons (as herein defined) as follows: 

ARTICLE 1 

DEFINITIONS AND OTHER PROVISIONS OF GENERAL
APPLICATION 
 Section 1.1. Definitions. 

Except as otherwise expressly provided in or pursuant to this Indenture or unless the context otherwise requires, for all purposes of this
Indenture: 
 (1) the terms defined in this Article have the meanings assigned to them in this Article, and include the
plural as well as the singular; 
 (2) all other terms used herein which are defined in the Trust Indenture Act, either
directly or by reference therein, have the meanings assigned to them therein; 

  
 1 

 (3) all accounting terms not otherwise defined herein have the meanings assigned
to them in accordance with generally accepted accounting principles in the United States and, except as otherwise herein expressly provided, the terms “generally accepted accounting principles” or “GAAP” with respect to any
computation required or permitted hereunder shall mean such accounting principles as are generally accepted in the United States at the date or time of such computation; provided that any obligations of the Company or any of its subsidiaries,
or of a special purpose or other entity not consolidated with the Company and its subsidiaries (a) that were not or would not have been included on the consolidated balance sheet of the Company as capital lease obligations on the date of this
Indenture and (b) that are subsequently recharacterized as capital lease obligations or, in the case of such a special purpose or other entity becoming consolidated with the Company and its subsidiaries, due to a change in accounting treatment
or otherwise after the date of the issuance of such Securities, may, in the Company’s sole discretion, be deemed not to be treated as a capital lease obligation or indebtedness; 

(4) the words “herein”, “hereof’, “hereto” and “hereunder” and other words of similar
import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision; and 
 (5) the
word “or” is always used inclusively (for example, the phrase “A or B” means “A or B or both”, not “either A or B but not both”). 

Certain terms used principally in certain Articles hereof are defined in those Articles. 

“Act”, when used with respect to any Holders, has the meaning specified in Section 1.4. 

“Additional Amounts” means any additional amounts which are required hereby or by any Security, under circumstances specified
herein or therein, to be paid by the Company in respect of certain taxes, assessments or other governmental charges imposed on Holders specified therein and which are owing to such Holders. 

“Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under
direct or indirect common control with such specified Person. For the purposes of this definition, “control”, when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or
indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have the meanings correlative to the foregoing. 

“Attributable Debt” in respect of a Sale and Leaseback Transaction means, at the time of determination, the amount of future
minimum lease rental payments during the remaining term of the lease, less any amounts required to be paid on account of maintenance and repairs, insurance, taxes, assessments, water rates and similar charges, discounted using the methodology used
to calculate the present value of operating lease payments in the Company’s (or, if applicable at such date, our predecessor’s) most recent Annual Report on Form 10-K preceding the date of determination reflecting that calculation. 

  
 2 

 “Authenticating Agent” means any Person authorized by the Trustee pursuant to
Section 6.11 to act on behalf of the Trustee to authenticate Securities of one or more series. 
 “Authorized
Newspaper” means a newspaper, in an official language of the place of publication or in the English language, customarily published on each day that is a Business Day in the place of publication, whether or not published on days that are
not Business Days in the place of publication, and of general circulation in each place in connection with which the term is used or in the financial community of each such place. Where successive publications are required to be made in Authorized
Newspapers, the successive publications may be made in the same or in different newspapers in the same city meeting the foregoing requirements and in each case on any day that is a Business Day in the place of publication. 

“Authorized Officer” means, when used with respect to the Company, the Chairman of the Board of Directors, a Vice Chairman,
the Chief Executive Officer, a President, any Vice President, the Chief Financial Officer, the Treasurer, an Assistant Treasurer, the Secretary or an Assistant Secretary, of the Company. 

“Bearer Security” means any Security in the form established pursuant to Section 2.1 which is payable to bearer. 

“Board of Directors” means the board of directors of the Company or any authorized committee thereof. 

“Board Resolution” means a copy of one or more resolutions, certified by the Secretary or an Assistant Secretary of the
Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification, delivered to the Trustee. 

“Business Day”, with respect to any Place of Payment or other location, means, unless otherwise specified with respect to any
Securities pursuant to Section 3.1, any day other than a Saturday, Sunday or other day on which banking institutions in such Place of Payment or other location are authorized or obligated by law, regulation or executive order to close. 

“Commission” means the Securities and Exchange Commission, as from time to time constituted, created under the Exchange Act,
or, if at any time after the execution of this Indenture such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then the body performing such duties at such time. 

“Common Stock” includes any capital stock of any class of the Company which has no preference in respect of dividends or of
amounts payable in the event of any voluntary or involuntary liquidation, dissolution or winding up of the Company and which is not subject to redemption by the Company. 

  
 3 

 “Company” means the Person named as the “Company” in the first
paragraph of this instrument until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor Person. 

“Company Request” and “Company Order” mean, respectively, a written request or order, as the case may be,
signed in the name of the Company either (i) jointly by any two of the Chairman of the Board of Directors, the Chief Executive Officer, the Chief Financial Officer, the Treasurer or the Chief Legal Officer or (ii) jointly by one of the Chairman
of the Board, the Chief Executive Officer, the Chief Financial Officer, the Treasurer or the Chief Legal Officer, and one of an Executive Vice President, the Chief Accounting Officer, the General Counsel or the Secretary of the Company, and
delivered to the Trustee. 
 “Consolidated Net Tangible Assets” means, at any date, the total amount, as shown on or
reflected in the Company’s (or, if applicable at such date, the Company’s predecessor’s) most recent consolidated balance sheet as of the end of the Company’s most recent fiscal quarter, of all assets of the Company and all of
the assets of its consolidated subsidiaries on a consolidated basis in accordance with United States generally accepted accounting principles (giving pro forma effect to any acquisition or disposition of assets with fair value in excess of
$100,000,000 that has occurred since the end of such fiscal quarter as if such acquisition or disposition had occurred on the last day of such fiscal quarter), less (i) all current liabilities (due within one year) as shown on such balance
sheet, except for current maturities of long-term debt and of obligations under capital leases, (ii) investments in and advances to Unrestricted Subsidiaries and (iii) Intangible Assets. 

“Conversion Event” means the cessation of use of (1) a Foreign Currency both by the government of the country or the
confederation which issued such Foreign Currency and for the settlement of transactions by a central bank or other public institutions of or within the international banking community or (2) any currency unit or composite currency for the
purposes for which it was established. 
 “Corporate Trust Office” means the principal office of the Trustee from which at
any particular time the Trustee administers this Indenture, which office at the date of the execution of this Indenture is located at 150 East 42nd Street, 40th Floor, New York, New York 10017, except that with respect to the presentation of
Securities for payment or for registration of transfer or exchange and the location of the Securities Registrar, such term means the office or agency of the Trustee at which, at any particular time, its corporate trust business shall be conducted.

 “Corporation” means a corporation, association, company, limited liability company, joint-stock company or business
trust. 
 “Coupon” means any interest coupon appertaining to a Bearer Security. 

“Currency”, with respect to any payment, deposit or other transfer in respect of the principal of or any premium or interest
on or any Additional Amounts with respect to any Security, means Dollars or the Foreign Currency, as the case may be, in which such payment, deposit or other transfer is required to be made by or pursuant to the terms hereof or such Security and,
with respect to any other payment, deposit or transfer pursuant to or contemplated by the terms hereof or such Security, means Dollars. 

  
 4 

 “CUSIP number” means the alphanumeric designation assigned to a Security by
Standard & Poor’s Rating Service, CUSIP Service Bureau. 
 “Custodian” means the Trustee or other Securities
custodian, as custodian with respect to the Securities, each in global form, or a successor entity thereto. 
 “Debt” has
the meaning specified in Section 10.5. 
 “Defaulted Interest” has the meaning specified in Section 3.7. 

“Dollars “ or “$” means a dollar or other equivalent unit of legal tender for payment of public or private
debts in the United States. 
 “Domestic Subsidiary” means any Subsidiary of the Company that is not a Foreign Subsidiary.

 “DTC” means The Depository Trust Company. 

“Euro” means the single currency of the European Union as constituted by the Treaty on European Union and as referred to in
the legislative measures of the European Union for the introduction of, changeover to or operation of the Euro in one or more member states, being in part legislative measures to implement the European and Monetary Union as contemplated in the
Treaty on European Union. 
 “Event of Default” has the meaning specified in Section 5.1. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Foreign Currency” means any currency, currency unit or composite currency, including, without limitation, the Euro, issued
by the government of one or more countries other than the United States or by any recognized confederation or association of such governments. 

“Foreign Subsidiary” means any Subsidiary of the Company that is not organized under the laws of the United States or any
jurisdiction within the United States and any direct or indirect Subsidiary thereof. 
 “Funded Debt” means Debt
(including, without limitation, guarantees in respect thereof and capital lease obligations) which matures more than one year from the date of creation, or which is extendable or renewable at the sole option of the obligor so that it may become
payable more than one year from such date or which is classified, in accordance with United States generally accepted accounting principles, as long-term debt on the consolidated balance sheet for the most-recently ended fiscal quarter (or if
incurred subsequent to the date of such balance sheet, would have been so classified) of the person for which the determination is being made. Funded Debt does not include (1) obligations created pursuant to operating leases, (2) any Debt
or portion thereof maturing by its terms within one year from the time of any computation of the amount of outstanding Funded Debt unless such debt shall be extendable or renewable at the sole option of the obligor in such manner that it may become
payable more than one year from such time, or (3) any Debt for which money in the amount necessary for the payment or redemption of such Debt is deposited in trust either at or before the maturity date thereof. 

  
 5 

 “Government Obligations” means securities which are (i) direct obligations
of the United States or the other government or governments which issued the Foreign Currency in which the principal of or any premium or interest on such Security or any Additional Amounts in respect thereof shall be payable, in each case where the
payment or payments thereunder are supported by the full faith and credit of such government or governments or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States or the
government or governments that issued the Foreign Currency in which the principal of or any premium or interest on such Security or any Additional Amounts in respect thereof shall be payable, in each case where the timely payment or payments
thereunder are unconditionally guaranteed as a full faith and credit obligation by the United States or such other government or governments, and which, in the case of (i) or (ii), are not callable or redeemable at the option of the issuer or
issuers thereof, and shall also include a depositary receipt issued by a bank or trust company as custodian with respect to any such Government Obligation or a specific payment of interest on or principal of or other amount with respect to any such
Government Obligation held by such custodian for the account of the holder of a depositary receipt, provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such
depositary receipt from any amount received by the custodian in respect of the Government Obligation or the specific payment of interest on or principal of or other amount with respect to the Government Obligation evidenced by such depositary
receipt. 
 “Holder”, in the case of any Registered Security, means the Person in whose name such Security is registered in
the Security Register and, in the case of any Bearer Security, means the bearer thereof and, in the case of any Coupon, means the bearer thereof. 

“Indenture” means this instrument as it may from time to time be supplemented or amended by one or more indentures
supplemental hereto entered into pursuant to the applicable provisions hereof and, with respect to any Security, by the terms and provisions of such Security and any Coupon appertaining thereto established pursuant to Section 3.1 (as such terms
and provisions may be amended pursuant to the applicable provisions hereof). 
 “Independent Public Accountants” means
accountants or a firm of accountants that, with respect to the Company and any other obligor under the Securities or the Coupons, are independent public accountants within the meaning of the Securities Act of 1933, as amended, and the rules and
regulations promulgated by the Commission thereunder, who may be the independent public accountants regularly retained by the Company or who may be other independent public accountants. Such accountants or firm shall be entitled to rely upon any
Opinion of Counsel as to the interpretation of any legal matters relating to this Indenture or certificates required to be provided hereunder. 

“Indexed Security” means a Security the terms of which provide that the principal amount thereof payable at Stated Maturity
may be more or less than the principal face amount thereof at original issuance. 

  
 6 

 “Intangible Assets” means, at any date, the value, as shown on or reflected in
the Company’s (or, if applicable at such date, our predecessor’s) most recent consolidated balance sheet as of the end of the Company’s most recent fiscal quarter, of all trade names, trademarks, licenses, patents, copyrights, service
marks, goodwill and other like intangibles of the Company and its consolidated subsidiaries on a consolidated basis in accordance with United States generally accepted accounting principles (and giving pro forma effect to any acquisition or
disposition of assets of the Company or any of its subsidiaries with fair value in excess of $100,000,000 that has occurred since the end of such fiscal quarter as if such acquisition or disposition had occurred on the last day of such fiscal
quarter). 
 “Interest”, with respect to any Original Issue Discount Security which by its terms bears interest only after
Maturity, means interest payable after Maturity and, when used with respect to a Security which provides for the payment of Additional Amounts pursuant to Section 10.4, includes such Additional Amounts. 

“Interest Payment Date”, with respect to any Security, means the Stated Maturity of an installment of interest on such
Security. 
 “Judgment Currency” has the meaning specified in Section 1.16. 

“Maturity”, with respect to any Security, means the date on which the principal of such Security or an installment of
principal becomes due and payable as provided in or pursuant to this Indenture, whether at the Stated Maturity or upon declaration of acceleration, notice of redemption or repurchase, notice of option to elect repayment or otherwise, and includes
the Redemption Date. 
 “Mortgage” means, with respect to any property or assets, any mortgage, deed of trust, pledge,
hypothecation, assignment, security interest, lien, encumbrance, or other security arrangement of any kind or nature whatsoever on or with respect to such property or assets (including any conditional sale or other title retention agreement having
substantially the same economic effect as any of the foregoing). 
 “New York Banking Day” has the meaning specified in
Section 1.16. 
 “Notice of Default” has the meaning specified in Section 5.1. 

“Office” or “Agency”, with respect to any Securities, means an office or agency of the Company maintained or
designated in a Place of Payment for such Securities pursuant to Section 10.2 or any other office or agency of the Company maintained or designated for such Securities pursuant to Section 10.2 or, to the extent designated or required by
Section 10.2 in lieu of such office or agency, the Corporate Trust Office of the Trustee. 
 “Officers’
Certificate” means a certificate signed either: (i) jointly by any two of the Chairman of the Board, the Chief Executive Officer, the Chief Financial Officer, the Treasurer or the Chief Legal Officer or (ii) jointly by one of
the Chairman of the Board, the Chief Executive Officer, the Chief Financial Officer, the Treasurer or the Chief Legal Officer, and one of an Executive Vice President, the Chief Accounting Officer, the General Counsel or the Secretary of the Company,
that complies with the requirements of Section 314(e) of the Trust Indenture Act and is delivered to the Trustee. 

  
 7 

 “Operating Property” means any real property or equipment located within the
United States and owned by, or leased to, the Company or any of its Subsidiaries (excluding current assets, motor vehicles, mobile materials-handling equipment and other rolling stock, cash registers and other point-of-sale recording devices and
related equipment and data processing and other office equipment) that has a net book value (after deduction of accumulated depreciation) in excess of 1.0% of Consolidated Net Tangible Assets. 

“Opinion of Counsel” means a written opinion of counsel, who may be an employee of or counsel for the Company or other
counsel, that, if required by the Trust Indenture Act, complies with the requirements of Section 314(e) of the Trust Indenture Act. 

“Original Issue Discount Security” means a Security issued pursuant to this Indenture which provides for declaration of an
amount less than the principal face amount thereof to be due and payable upon acceleration pursuant to Section 5.2. 

“Outstanding”, when used with respect to any Securities, means, as of the date of determination, all such Securities
theretofore authenticated and delivered under this Indenture, except: 
 (a) any such Security theretofore cancelled by the
Trustee or the Security Registrar or delivered to the Trustee or the Security Registrar for cancellation; 
 (b) any such
Security for whose payment at the Maturity thereof money in the necessary amount has been theretofore deposited pursuant hereto (other than pursuant to Section 4.2) with the Trustee or any Paying Agent (other than the Company) in trust or set
aside and segregated in trust by the Company (if the Company shall act as its own Paying Agent) for the Holders of such Securities and any Coupons appertaining thereto, provided that, if such Securities are to be redeemed, notice of such
redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made; 

(c) any such Security with respect to which the Company has effected defeasance pursuant to the terms hereof, except to the
extent provided in Section 4.2; 
 (d) any such Security which has been paid pursuant to Section 3.6 or in exchange
for or in lieu of which other Securities have been authenticated and delivered pursuant to this Indenture, unless there shall have been presented to the Trustee proof satisfactory to it that such Security is held by a bona fide purchaser in whose
hands such Security is a valid obligation of the Company; and 
 (e) any such Security converted or exchanged as contemplated
by this Indenture into Common Stock or other securities, if the terms of such Security provide for such conversion or exchange pursuant to Section 3.1; 

provided, however, that in determining whether the Holders of the requisite principal amount of Outstanding Securities have given any request, demand,
authorization, direction, notice, consent or waiver hereunder or are present at a meeting of Holders of Securities for quorum purposes, (i) the principal amount of an Original Issue Discount Security that may be counted in making

  
 8 

 
such determination and that shall be deemed to be Outstanding for such purposes shall be equal to the amount of the principal thereof that pursuant to the terms of such Original Issue Discount
Security would be declared (or shall have been declared to be) due and payable upon a declaration of acceleration thereof pursuant to Section 5.2 at the time of such determination, (ii) the principal amount of any Indexed Security that may
be counted in making such determination and that shall be deemed Outstanding for such purposes shall be equal to the principal face amount of such Indexed Security at original issuance, unless otherwise provided in or pursuant to this Indenture,
(iii) the principal amount of a Security denominated in a Foreign Currency shall be the Dollar equivalent, determined on the date of original issuance of such Security, of the principal amount (or, in the case of an Original Issue Discount
Security, the Dollar equivalent on the date of original issuance of such Security of the amount determined as provided in (i) above) of such Security, and (iv) Securities owned by the Company or any other obligor upon the Securities or any
Affiliate of the Company or such other obligor, shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in making any such determination or relying upon any such request, demand,
authorization, direction, notice, consent or waiver, only Securities which a Responsible Officer of the Trustee actually knows to be so owned shall be so disregarded. Securities so owned which shall have been pledged in good faith may be regarded as
Outstanding if the pledgee establishes to the satisfaction of the Trustee (A) the pledgee’s right so to act with respect to such Securities and (B) that the pledgee is not the Company or any other obligor upon the Securities or any
Coupons appertaining thereto or an Affiliate of the Company or such other obligor. 
 “Paying Agent” means any Person
authorized by the Company to pay the principal of, or any premium or interest on, or any Additional Amounts with respect to, any Security or any Coupon on behalf of the Company. 

“Person” means any individual, Corporation, partnership, joint venture, joint-stock company, trust, unincorporated
organization or government or any agency or political subdivision thereof. 
 “Place of Payment”, with respect to any
Security, means the place or places where the principal of, or any premium or interest on, or any Additional Amounts with respect to such Security are payable as provided in or pursuant to this Indenture or such Security. 

“Predecessor Security” of any particular Security means every previous Security evidencing all or a portion of the same
indebtedness as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 3.6 in exchange for or in lieu of a lost, destroyed, mutilated or stolen Security or
any Security to which a mutilated, destroyed, lost or stolen Coupon appertains shall be deemed to evidence the same indebtedness as the lost, destroyed, mutilated or stolen Security or the Security to which a mutilated, destroyed, lost or stolen
Coupon appertains. 
 “Redemption Date”, with respect to any Security or portion thereof to be redeemed, means the date
fixed for such redemption by or pursuant to this Indenture or such Security. 

  
 9 

 “Redemption Price”, with respect to any Security or portion thereof to be
redeemed, means the price at which it is to be redeemed as determined by or pursuant to this Indenture or such Security. 

“Registered Security” means any Security established pursuant to Section 2.1 which is registered in a Security Register.

 “Regular Record Date” for the interest payable on any Registered Security on any Interest Payment Date therefor means
the date, if any, specified in or pursuant to this Indenture or such Security as the “Regular Record Date”. 
 “Required
Currency” has the meaning specified in Section 1.16. 
 “Responsible Officer” means any Vice President, any
Assistant Vice President, the Secretary, any Assistant Secretary, the Treasurer, any Assistant Treasurer or any trust officer or any other officer of the Trustee customarily performing functions similar to those performed by any of the above
designated officers and also means, with respect to a particular corporate trust matter, any other officer of the Trustee to whom such matter is referred because of his or her knowledge of and familiarity with the particular subject and who shall
have direct responsibility for the administration of this Indenture. 
 “Restricted Subsidiary” means any Domestic
Subsidiary other than an Unrestricted Subsidiary; provided, however, that the Board of Directors of the Company may declare any such Unrestricted Subsidiary to be a Restricted Subsidiary effective on or after the date such resolution
is adopted. 
 “Sale and Leaseback Transaction” has the meaning specified in Section 10.6. 

“Security” or “Securities” means any note or notes, bond or bonds, debenture or debentures, or any other
evidences of indebtedness, as the case may be, authenticated and delivered under this Indenture; provided, however, that, if at any time there is more than one Person acting as Trustee under this Indenture, “Securities”, with
respect to any such Person, shall mean Securities authenticated and delivered under this Indenture, exclusive, however, of Securities of any series as to which such Person is not Trustee. 

“Security Register” and “Security Registrar” have the respective meanings specified in Section 3.5.

 “Senior Funded Debt” means all Funded Debt of the Company or any Person (except Funded Debt, the payment of which is
subordinated to the payment of the Securities). 
 “Special Record Date” for the payment of any Defaulted Interest on any
Registered Security means a date fixed by the Company pursuant to Section 3.7. 
 “Stated Maturity”, with respect to
any Security or any installment of principal thereof or interest thereon or any Additional Amounts with respect thereto, means the date established by or pursuant to this Indenture or such Security as the fixed date on which the principal of such
Security or such installment of principal or interest is, or such Additional Amounts are, due and payable. 

  
 10 

 “Subsidiary” means any Corporation or other entity of which at least a majority
of the outstanding capital stock or other equity interests having by the terms thereof ordinary voting power to elect a majority of the directors, managers or trustees of such Corporation or other entity, irrespective of whether or not at the time
capital stock or other equity securities of any other class or classes of such Corporation or other entity shall have or might have voting power by reason of the happening of any contingency, is at the time, directly or indirectly, owned or
controlled by the Company or by one or more Subsidiaries thereof, or by the Company and one or more Subsidiaries thereof. 
 “Trust
Indenture Act” means the Trust Indenture Act of 1939, as amended, and any reference herein to the Trust Indenture Act or a particular provision thereof shall mean such Act or provision, as the case may be, as amended or replaced from time
to time or as supplemented from time to time by rules or regulations adopted by the Commission under or in furtherance of the purposes of such Act or provision, as the case may be. 

“Trustee” means the Person named as the “Trustee” in the first paragraph of this instrument until a successor
Trustee shall have become such with respect to one or more series of Securities pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean each Person who is then a Trustee hereunder; provided, however,
that if at any time there is more than one such Person, “Trustee” shall mean each such Person and as used with respect to the Securities of any series shall mean only the Trustee with respect to the Securities of such series. 

“United States”, except as otherwise provided in or pursuant to this Indenture or any Security, means the United States of
America (including the states thereof and the District of Columbia), its territories and possessions and other areas subject to its jurisdiction. 

“United States Alien”, except as otherwise provided in or pursuant to this Indenture or any Security, means any Person who,
for United States Federal income tax purposes, is a foreign corporation, a non-resident alien individual, a non-resident alien fiduciary of a foreign estate or trust, or a foreign partnership one or more of the members of which is, for United States
Federal income tax purposes, a foreign corporation, a non-resident alien individual or a non-resident alien fiduciary of a foreign estate or trust. 

“Unrestricted Subsidiary” means any Domestic Subsidiary designated as an Unrestricted Subsidiary from time to time by the
Board of Directors; provided, however, that the Board of Directors (i) will not designate as an Unrestricted Subsidiary any of the Company’s Domestic Subsidiaries that owns any Operating Property or any capital stock of a
Restricted Subsidiary, (ii) will not continue the designation of any of the Company’s Domestic Subsidiaries as an Unrestricted Subsidiary at any time that such Domestic Subsidiary owns any Operating Property, and (iii) will not, nor
will it cause or permit any Restricted Subsidiary to, transfer or otherwise dispose of any Operating Property to any Unrestricted Subsidiary (unless such Unrestricted Subsidiary will in connection therewith be redesignated as a Restricted Subsidiary
and any pledge, mortgage, security interest or other lien arising in connection with any Debt of 

  
 11 

 
such Unrestricted Subsidiary so redesignated does not extend to such Operating Property (unless the existence of such pledge, mortgage, security interest or other lien would otherwise be
permitted under this Indenture)). 
 “U.S. Depositary” or “Depositary” means, with respect to any Security
issuable or issued in the form of one or more global Securities, the Person designated as U.S. Depositary or Depositary by the Company in or pursuant to Section 3.1 of this Indenture, which Person must be, to the extent required by applicable
law or regulation, a clearing agency registered under the Exchange Act, and, if so provided with respect to any Security, any successor to such Person. If at any time there is more than one such Person, “U.S. Depositary” or
“Depositary” shall mean, with respect to any Securities, the qualifying entity which acts with respect to such Securities. 

Section 1.2. Compliance Certificates and Opinions. 

Except as otherwise expressly provided in this Indenture, upon any application or request by the Company to the Trustee to take any action
under any provision of this Indenture, the Company shall furnish to the Trustee an Officers’ Certificate stating that all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with and
an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent, if any, have been complied with, except that in the case of any such application or request as to which the furnishing of such documents or any of
them is specifically required by any provision of this Indenture relating to such particular application or request, no additional certificate or opinion need be furnished. 

Every certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture shall include: 

(1) a statement that each individual signing such certificate or opinion has read such condition or covenant and the
definitions herein relating thereto; 
 (2) a brief statement as to the nature and scope of the examination or investigation
upon which the statements or opinions contained in such certificate or opinion are based; 
 (3) a statement that, in the
opinion of each such individual, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such condition or covenant has been complied with; and 

(4) a statement as to whether, in the opinion of each such individual, such condition or covenant has been complied with. 

Section 1.3. Form of Documents Delivered to Trustee. 

In any case where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary that
all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one such Person may certify or give an opinion with respect to some matters and one or more other
such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents. 

  
 12 

 Any certificate or opinion of an officer of the Company may be based, insofar as it relates to
legal matters, upon an Opinion of Counsel, provided that such officer, after reasonable inquiry, has no reason to believe and does not believe that the Opinion of Counsel with respect to the matters upon which his certificate or opinion is
based is erroneous. Any such Opinion of Counsel may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, an officer or officers of the Company stating that the information with respect to such
factual matters is in the possession of the Company, provided that such counsel, after reasonable inquiry, has no reason to believe and does not believe that the certificate or opinion or representations with respect to such matters are
erroneous. 
 Where any Person is required to make, give or execute two or more applications, requests, consents, certificates, statements,
opinions or other instruments under this Indenture or any Security, they may, but need not, be consolidated and form one instrument. 

Section 1.4. Acts of Holders. 

(1) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by or pursuant to this
Indenture to be given or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by an agent duly appointed in writing. If, but only if, Securities of a series
are issuable as Bearer Securities, any request, demand, authorization, direction, notice, consent, waiver or other action provided in or pursuant to this Indenture to be given or taken by Holders of Securities of such series may, alternatively, be
embodied in and evidenced by the record of Holders of Securities of such series voting in favor thereof, either in person or by proxies duly appointed in writing, at any meeting of Holders of Securities of such series duly called and held in
accordance with the provisions of Article Fifteen, or a combination of such instruments and any such record. Except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments or record or both are
delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or instruments and any such record (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act”
of the Holders signing such instrument or instruments or so voting at any such meeting. Proof of execution of any such instrument or of a writing appointing any such agent, or of the holding by any Person of a Security, shall be sufficient for any
purpose of this Indenture and (subject to Section 315 of the Trust Indenture Act) conclusive in favor of the Trustee and the Company and any agent of the Trustee or the Company, if made in the manner provided in this Section. The record of any
meeting of Holders of Securities shall be proved in the manner provided in Section 15.6. 
 Without limiting the
generality of this Section 1.4, unless otherwise provided in or pursuant to this Indenture, a Holder, including a U.S. Depositary that is a Holder of a global Security, may make, give or take, by a proxy or proxies duly appointed in writing,
any request, demand, authorization, direction, notice, consent, waiver or other Act 

  
 13 

 
provided in or pursuant to this Indenture to be made, given or taken by Holders, and a U.S. Depositary that is a Holder of a global Security may provide its proxy or proxies to the beneficial
owners of interests in any such global Security through such U.S. Depositary’s standing instructions and customary practices. 

The Company may fix a record date for the purpose of determining the Persons who are beneficial owners of interest in any
permanent global Security held by a U.S. Depositary entitled under the procedures of such U.S. Depositary to make, give or take, by a proxy or proxies duly appointed in writing, any request, demand, authorization, direction, notice, consent, waiver
or other Act provided in or pursuant to this Indenture to be made, given or taken by Holders. If such a record date is fixed, the Holders on such record date or their duly appointed proxy or proxies, and only such Persons, shall be entitled to make,
give or take such request, demand, authorization, direction, notice, consent, waiver or other Act, whether or not such Holders remain Holders after such record date. No such request, demand, authorization, direction, notice, consent, waiver or other
Act shall be valid or effective if made, given or taken more than 90 days after such record date. 
 (2) The fact and date of
the execution by any Person of any such instrument or writing referred to in this Section 1.4 may be proved in any reasonable manner; and the Trustee may in any instance require further proof with respect to any of the matters referred to in
this Section. 
 (3) The ownership, principal amount and serial numbers of Registered Securities held by any Person, and the
date of the commencement and the date of the termination of holding the same, shall be proved by the Security Register.(4) The ownership, principal amount and serial numbers of Bearer Securities held by any Person, and the date of the commencement
and the date of the termination of holding the same, may be proved by the production of such Bearer Securities or by a certificate executed, as depositary, by any trust company, bank, banker or other depositary reasonably acceptable to the Company,
wherever situated, if such certificate shall be deemed by the Company and the Trustee to be satisfactory, showing that at the date therein mentioned such Person had on deposit with such depositary, or exhibited to it, the Bearer Securities therein
described; or such facts may be proved by the certificate or affidavit of the Person holding such Bearer Securities, if such certificate or affidavit is deemed by the Trustee to be satisfactory. The Trustee and the Company may assume that such
ownership of any Bearer Security continues until (i) another certificate or affidavit bearing a later date issued in respect of the same Bearer Security is produced, or (ii) such Bearer Security is produced to the Trustee by some other
Person, or (iii) such Bearer Security is surrendered in exchange for a Registered Security, or (iv) such Bearer Security is no longer Outstanding. The ownership, principal amount and serial numbers of Bearer Securities held by the Person
so executing such instrument or writing and the date of the commencement and the date of the termination of holding the same may also be proved in any other manner which the Company and the Trustee deem sufficient. 

  
 14 

 (5) If the Company shall solicit from the Holders of any Registered Securities
any request, demand, authorization, direction, notice, consent, waiver or other Act, the Company may at its option (but is not obligated to), by Board Resolution, fix in advance a record date for the determination of Holders of Registered Securities
entitled to give such request, demand, authorization, direction, notice, consent, waiver or other Act. If such a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other Act may be given before or after
such record date, but only the Holders of Registered Securities of record at the close of business on such record date shall be deemed to be Holders for the purpose of determining whether Holders of the requisite proportion of Outstanding Securities
have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other Act, and for that purpose the Outstanding Securities shall be computed as of such record date; provided that no such
authorization, agreement or consent by the Holders of Registered Securities shall be deemed effective unless it shall become effective pursuant to the provisions of this Indenture not later than six months after the record date. 

(6) Any request, demand, authorization, direction, notice, consent, waiver or other Act by the Holder of any Security shall
bind every future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done or suffered to be done by the Trustee, any
Security Registrar, any Paying Agent or the Company in reliance thereon, whether or not notation of such Act is made upon such Security. 

Section 1.5. Notices, etc. to Trustee and Company. 

Any request, demand, authorization, direction, notice, consent, waiver or other Act of Holders or other document provided or permitted by this
Indenture to be made upon, given or furnished to, or filed with, 
 (1) the Trustee by any Holder or the Company shall be
sufficient for every purpose hereunder if made, given, furnished or filed in writing (or by confirmed facsimile transmission to 866-297-2015 or by electronic mail to the address provided by the Trustee (if any)) to or with the Trustee at its
Corporate Trust Office, or 
 (2) the Company by the Trustee or any Holder shall be sufficient for every purpose hereunder
(unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to the Company addressed to the attention of its Treasurer, at the address of its principal office specified in the first paragraph of this Indenture
or at any other address previously furnished in writing to the Trustee by the Company. 
 Any notice executed by the Company pursuant to
this Section 1.5 must be signed by two Authorized Officers. 
 Section 1.6. Notice to Holders of Securities; Waiver. 

Except as otherwise expressly provided in or pursuant to this Indenture, where this Indenture provides for notice to Holders of Securities of
any event, 
 (1) such notice shall be sufficiently given to Holders of Registered Securities if in writing and mailed,
first-class postage prepaid, or delivered electronically if held by 

  
 15 

 
any Depositary in accordance with such Depositary’s customary procedures, to each Holder of a Registered Security affected by such event, at his address (as applicable) as it appears in the
Security Register, not later than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice; and 

(2) such notice shall be sufficiently given to Holders of Bearer Securities, if any, if published by the Company in an
Authorized Newspaper in The City of New York and, if such Securities are then listed on any stock exchange outside the United States, in an Authorized Newspaper in such city as the Company shall advise the Trustee that such stock exchange so
requires, on a Business Day at least twice, the first such publication to be not earlier than the earliest date and the second such publication to be not later than the latest date prescribed for the giving of such notice. 

In any case where notice to Holders of Registered Securities is given by mail, neither the failure to mail such notice, nor any defect in any
notice so mailed, to any particular Holder of a Registered Security shall affect the sufficiency of such notice with respect to other Holders of Registered Securities or the sufficiency of any notice to Holders of Bearer Securities given as provided
herein. Any notice which is mailed in the manner herein provided shall be conclusively presumed to have been duly given or provided. In the case by reason of the suspension of regular mail service or by reason of any other cause it shall be
impracticable to give such notice by mail, then such notification as shall be made by any reasonable alternate method of delivery, with notice of such to be provided to the Trustee, shall constitute a sufficient notification for every purpose
hereunder. 
 In case by reason of the suspension of publication of any Authorized Newspaper or Authorized Newspapers or by reason of any
other cause it shall be impracticable to publish any notice to Holders of Bearers Securities as provided above, then such notification to Holders of Bearer Securities as shall be made by such reasonable alternate method of publication or notice,
with notice of such to be provided to the Trustee, shall constitute sufficient notice to such Holders for every purpose hereunder. Neither failure to give notice by publication to Holders of Bearer Securities as provided above, nor any defect in any
notice so published, shall affect the sufficiency of any notice mailed to Holders of Registered Securities as provided above. 
 Where this
Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders
of Securities shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. 

Any notice executed by the Company pursuant to this Section 1.6 must be signed by two Authorized Officers. 

Section 1.7. Language of Notices. 

Any request, demand, authorization, direction, notice, consent, election or waiver required or permitted under this Indenture shall be in the
English language, except that, if the Company so elects, any published notice may be in an official language of the country of publication. 

  
 16 

 Section 1.8. Conflict with Trust Indenture Act. 

If any provision hereof limits, qualifies or conflicts with any duties under any required provision of the Trust Indenture Act imposed by
operation of Section 318(c) thereof, such required provision shall control. 
 Section 1.9. Effect of Headings and Table of
Contents. 
 The Article and Section headings herein and the Table of Contents are for convenience only and shall not affect the
construction hereof. 
 Section 1.10. Successors and Assigns. 

All covenants and agreements in this Indenture by the Company shall bind its successors and assigns, whether so expressed or not. 

Section 1.11. Separability Clause. 

In case any provision in this Indenture, any Security or any Coupon shall be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 Section 1.12. Benefits of
Indenture. 
 Nothing in this Indenture, any Security or any Coupon, express or implied, shall give to any Person, other than the
parties hereto, any Security Registrar, any Paying Agent, any Authenticating Agent and their successors hereunder and the Holders of Securities or Coupons, any benefit or any legal or equitable right, remedy or claim under this Indenture. 

Section 1.13. Governing Law. 

This Indenture, the Securities and any Coupons shall be governed by, and construed in accordance with, the laws of the State of New York. 

Section 1.14. Legal Holidays. 

Unless otherwise specified in or pursuant to this Indenture or any Securities, in any case where any Interest Payment Date, Stated Maturity or
Maturity of any Security, or the last date on which a Holder has the right to convert or exchange Securities of a series that are convertible or exchangeable, shall not be a Business Day at any Place of Payment, then (notwithstanding any other
provision of this Indenture, any Security or any Coupon other than a provision in any Security or Coupon that specifically states that such provision shall apply in lieu hereof) payment need not be made at such Place of Payment on such date, and
such Securities need not be converted or exchanged on such date but such payment may be made, and such Securities may be converted or exchanged, on the next succeeding day that is a Business Day at such Place of Payment with the same force and
effect as if made on the Interest Payment Date or at the Stated Maturity or Maturity or on such last day for conversion or exchange, and no interest shall accrue on the amount payable on such date or at such time for the period from and after such
Interest Payment Date, Stated Maturity, Maturity or last day for conversion or exchange, as the case may be, to such next succeeding Business Day. 

  
 17 

 Section 1.15. Counterparts. 

This Indenture may be executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the
same instrument. Notwithstanding the foregoing, the exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Indenture as to the parties hereto and may be
used in lieu of the original Indenture and signature pages for all purposes. 
 Section 1.16. Judgment Currency. 

The Company agrees, to the fullest extent that it may effectively do so under applicable law, that (a) if for the purpose of obtaining
judgment in any court it is necessary to convert the sum due in respect of the principal of, or premium or interest, if any, or Additional Amounts on the Securities of any series (the “Required Currency”) into a currency in which a
judgment will be rendered (the “Judgment Currency”), the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in The City of New York the requisite amount of the
Required Currency with the Judgment Currency on the New York Banking Day preceding the day on which a final unappealable judgment is given and (b) its obligations under this Indenture to make payments in the Required Currency (i) shall not
be discharged or satisfied by any tender, or any recovery pursuant to any judgment (whether or not entered in accordance with clause (a)), in any currency other than the Required Currency, except to the extent that such tender or recovery shall
result in the actual receipt, by the payee, of the full amount of the Required Currency expressed to be payable in respect of such payments, (ii) shall be enforceable as an alternative or additional cause of action for the purpose of recovering
in the Required Currency the amount, if any, by which such actual receipt shall fall short of the full amount of the Required Currency so expressed to be payable and (iii) shall not be affected by judgment being obtained for any other sum due
under this Indenture. For purposes of the foregoing, “New York Banking Day” means any day except a Saturday, Sunday or a legal holiday in The City of New York or a day on which banking institutions in The City of New York are
authorized or obligated by law, regulation or executive order to be closed. 
 Section 1.17. No Security Interest Created. 

Subject to the provisions of Section 10.5, nothing in this Indenture or in any Securities, express or implied, shall be construed to
constitute a security interest under the Uniform Commercial Code or similar legislation, as now or hereafter enacted and in effect in any jurisdiction where property of the Company or its Subsidiaries is or may be located. 

Section 1.18. Limitation on Individual Liability. 

No recourse under or upon any obligation, covenant or agreement contained in this Indenture or in any Security, or for any claim based thereon
or otherwise in respect thereof, shall be had against any incorporator, shareholder, officer or director, as such, past, present or future, of the Company, either directly or through the Company, whether by virtue of any constitution, statute or
rule of law, or by the enforcement of any assessment or penalty or 

  
 18 

 
otherwise; it being expressly understood that this Indenture and the obligations issued hereunder are solely corporate obligations, and that no such personal liability whatever shall attach to,
or is or shall be incurred by, the incorporators, shareholders, officers or directors, as such, of the Company, or any of them, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or
agreements contained in this Indenture or in any Security or implied therefrom; and that any and all such personal liability of every name and nature, either at common law or in equity or by constitution or statute, of, and any and all such rights
and claims against, every such incorporator, shareholder, officer or director, as such, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture or
in any Security or implied therefrom, are hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issuance of such Security. 

Section 1.19. USA PATRIOT Act. 

The parties acknowledge that in accordance with Section 326 of the USA PATRIOT Act, the Trustee, like all financial institutions and in
order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account with the Trustee. The parties
agree that they will provide the Trustee with such information as it may request in order for the Trustee to satisfy the requirements of the USA PATRIOT Act. 

Section 1.20. Force Majeure. 

In no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations under this Indenture
arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of
God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall undertake commercially reasonable efforts to resume performance as soon as practicable
under the circumstances. 
 Section 1.21. Waiver of Jury Trial. 

The parties hereby irrevocably waive, to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal
proceeding arising out of or relating to this Indenture or the Securities. 
 ARTICLE 2 

SECURITIES FORMS 

Section 2.1. Forms Generally. 

Each Registered Security, Bearer Security, Coupon and temporary or permanent global Security issued pursuant to this Indenture shall be in the
form established by or pursuant 

  
 19 

 
to a Board Resolution and Officers’ Certificate or in one or more indentures supplemental hereto, shall have such appropriate insertions, omissions, substitutions and other variations as are
required or permitted by or pursuant to this Indenture or any indenture supplemental hereto and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may, consistently herewith, be
determined by the officers executing such Security or Coupon as evidenced by their execution of such Security or Coupon. 
 Unless otherwise
provided in or pursuant to this Indenture or any Securities, the Securities shall be issuable in registered form without Coupons and shall not be issuable upon the exercise of warrants. 

Definitive Securities and definitive Coupons shall be printed, lithographed or engraved or produced by any combination of these methods on a
steel engraved border or steel engraved borders or may be produced in any other manner, all as determined by the officers of the Company executing such Securities or Coupons, as evidenced by their execution of such Securities or Coupons. 

Section 2.2. Form of Trustee’s Certificate of Authentication. 

Subject to Section 6.11, the Trustee’s certificate of authentication shall be in substantially the following form: 

This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 

 

			
	WELLS FARGO BANK, NATIONAL
	       ASSOCIATION

      as Trustee

		
	By:	 	  

		 	Authorized Signatory

 Section 2.3. Securities in Global Form. 

Unless otherwise provided in or pursuant to this Indenture or any Securities, the Securities shall be issuable in temporary or permanent
global form. If Securities of a series shall be issuable in global form, any such Security may provide that it or any number of such Securities shall represent the aggregate amount of all Outstanding Securities of such series (or such lesser amount
as is permitted by the terms thereof) from time to time endorsed thereon and may also provide that the aggregate amount of Outstanding Securities represented thereby may from time to time be increased or reduced to reflect exchanges. Any endorsement
of any Security in global form to reflect the amount, or any increase or decrease in the amount, or changes in the rights of Holders, of Outstanding Securities represented thereby shall be made in such manner and by such Person or Persons as shall
be specified therein or in the Company Order to be delivered pursuant to Section 3.3 or 3.4 with respect thereto. Subject to the provisions of 

  
 20 

 
Section 3.3 and, if applicable, Section 3.4, the Trustee shall deliver and redeliver, in each case at the Company’s expense, any Security in permanent global form in the manner and
upon instructions given by the Person or Persons specified therein or in the applicable Company Order. If a Company Order pursuant to Section 3.3 or 3.4 has been, or simultaneously is, delivered, any instructions by the Company with
respect to a Security in global form shall be in writing but need not comply with Section 1.2. 
 Notwithstanding the provisions of
Section 3.7, unless otherwise specified in or pursuant to this Indenture or any Securities, payment of principal of, any premium and interest on, and any Additional Amounts in respect of, any Security in temporary or permanent global form shall
be made to the Person or Persons specified therein. 
 Notwithstanding the provisions of Section 3.8 and except as provided in the
preceding paragraph, the Company, the Trustee and any agent of the Company or the Trustee shall treat as the Holder of such principal amount of Outstanding Securities represented by a global Security (i) in the case of a global Security in
registered form, the Holder of such global Security in registered form, or (ii) in the case of a global Security in bearer form, the Person or Persons specified pursuant to Section 3.1. 

ARTICLE 3 

THE SECURITIES 

Section 3.1. Amount Unlimited; Issuable in Series. 

The aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is unlimited. The Securities may be
issued in one or more series. 
 With respect to any Securities to be authenticated and delivered hereunder, there shall be established in
or pursuant to a Board Resolution and set forth in an Officers’ Certificate, or established in one or more indentures supplemental hereto, 

(1) the title of such Securities and the series in which such Securities shall be included; 

(2) any limit upon the aggregate principal amount of the Securities of such title or the Securities of such series which may be
authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of such series pursuant to Section 3.4, 3.5, 3.6, 9.5 or
11.7, upon repayment in part of any Registered Security of such series pursuant to Article Thirteen, upon surrender in part of any Registered Security for conversion into Common Stock or exchange for other securities pursuant to its terms, or
pursuant to or as contemplated by the terms of such Securities); 
 (3) whether such Securities are to be issuable as
Registered Securities, as Bearer Securities or alternatively as Bearer Securities and Registered Securities, and 

  
 21 

 
whether the Bearer Securities are to be issuable with Coupons, without Coupons or both, and any restrictions applicable to the offer, sale or delivery of the Bearer Securities and the terms, if
any, upon which Bearer Securities may be exchanged for Registered Securities and vice versa; 
 (4) if any of such Securities
are to be issuable in global form, when any of such Securities are to be issuable in global form and (i) whether such Securities are to be issued in temporary or permanent global form or both, (ii) whether beneficial owners of interests in
any such global Security may exchange such interests for Securities of the same series and of like tenor and of any authorized form and denomination, and the circumstances under which any such exchanges may occur, if other than in the manner
specified in Section 3.5, and (iii) the name of the Depositary or the U.S. Depositary, as the case may be, with respect to any such global Security; 

(5) if any of such Securities are to be issuable as Bearer Securities or in global form, the date as of which any such Bearer
Security or global Security shall be dated (if other than the date of original issuance of the first of such Securities to be issued); 

(6) if any of such Securities are to be issuable as Bearer Securities, whether interest in respect of any portion of a
temporary Bearer Security in global form payable in respect of an Interest Payment Date therefor prior to the exchange, if any, of such temporary Bearer Security for definitive Securities shall be paid to any clearing organization with respect to
the portion of such temporary Bearer Security held for its account and, in such event, the terms and conditions (including any certification requirements) upon which any such interest payment received by a clearing organization will be credited to
the Persons entitled to interest payable on such Interest Payment Date; 
 (7) the date or dates, or the method or methods,
if any, by which such date or dates shall be determined, on which the principal of such Securities is payable; 
 (8) the
rate or rates at which such Securities shall bear interest, if any, or the method or methods, if any, by which such rate or rates are to be determined, the date or dates, if any, from which such interest shall accrue or the method or methods, if
any, by which such date or dates are to be determined, the Interest Payment Dates, if any, on which such interest shall be payable and the Regular Record Date, if any, for the interest payable on Registered Securities on any Interest Payment Date,
whether and under what circumstances Additional Amounts on such Securities or any of them shall be payable and, if so, whether and on what terms the Company will have the option to redeem such Securities in lieu of paying such Additional Amounts
(and the terms of such option), the notice, if any, to Holders regarding the determination of interest on a floating rate Security and the manner of giving such notice, and the basis upon which interest shall be calculated if other than that of a
360-day year of twelve 30-day months; 
 (9) if in addition to or other than the Borough of Manhattan, The City of New York,
the place or places where the principal of, any premium and interest on or any Additional Amounts with respect to such Securities shall be payable, any of such Securities that are Registered Securities may be surrendered for registration of transfer
or 

  
 22 

 
exchange, any of such Securities may be surrendered for conversion or exchange and notices or demands to or upon the Company in respect of such Securities and this Indenture may be served, the
extent to which, or the manner in which, any interest payment or Additional Amounts on a global Security on an Interest Payment Date, will be paid and the manner in which any principal of or premium, if any, on any global Security will be paid; 

(10) whether any of such Securities are to be redeemable at the option of the Company and, if so, the date or dates on which,
the period or periods within which, the price or prices at which and the other terms and conditions upon which such Securities may be redeemed, in whole or in part; 

(11) whether the Company is obligated to redeem or purchase any of such Securities pursuant to any sinking fund or analogous
provision or at the option of any Holder thereof and, if so, the date or dates on which, the period or periods within which, the price or prices at which and the other terms and conditions upon which such Securities shall be redeemed or purchased,
in whole or in part, and any provisions for the remarketing of such Securities so redeemed or purchased; 
 (12) the
denominations in which any of such Securities that are Registered Securities shall be issuable if other than minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof, and the denominations in which any of such Securities
that are Bearer Securities shall be issuable if other than the denomination of $5,000 and integral multiples thereof; 
 (13)
whether the Securities of the series will be convertible into shares of Common Stock and/or exchangeable for other securities, and if so, the terms and conditions upon which such Securities will be so convertible or exchangeable, and any deletions
from or modifications or additions to this Indenture to permit or to facilitate the issuance of such convertible or exchangeable Securities or the administration thereof; 

(14) if other than the principal amount thereof, the portion of the principal amount of any of such Securities that shall be
payable upon declaration of acceleration of the Maturity thereof pursuant to Section 5.2 or the method by which such portion is to be determined; 

(15) if other than Dollars, the Foreign Currency in which payment of the principal of, any premium or interest on or any
Additional Amounts with respect to any of such Securities shall be payable; 
 (16) if the principal of, any premium or
interest on or any Additional Amounts with respect to any of such Securities are to be payable, at the election of the Company or a Holder thereof or otherwise, in Dollars or in a Foreign Currency other than that in which such Securities are stated
to be payable, the date or dates on which, the period or periods within which, and the other terms and conditions upon which, such election may be made, and the time and manner of determining the exchange rate between the Currency in which such
Securities are stated to be payable and the Currency in which 

  
 23 

 
such Securities or any of them are to be paid pursuant to such election, and any deletions from or modifications of or additions to the terms of this Indenture to provide for or to facilitate the
issuance of Securities denominated or payable, at the election of the Company or a Holder thereof or otherwise, in a Foreign Currency; 

(17) whether the amount of payments of principal of, any premium or interest on or any Additional Amounts with respect to such
Securities may be determined with reference to an index, formula or other method or methods (which index, formula or method or methods may be based, without limitation, on one or more Currencies, commodities, equity securities, equity indices or
other indices), and, if so, the terms and conditions upon which and the manner in which such amounts shall be determined and paid or payable; 

(18) any deletions from, modifications of or additions to the Events of Default or covenants of the Company with respect to any
of such Securities, whether or not such Events of Default or covenants are consistent with the Events of Default or covenants set forth herein; 

(19) whether either or both of Section 4.2(2) relating to defeasance or Section 4.2(3) relating to covenant
defeasance shall not be applicable to the Securities of such series, or any covenants in addition to those specified in Section 4.2(3) relating to the Securities of such series shall be subject to covenant of defeasance, and any deletions from,
or modifications or additions to, the provisions of Article Four in respect of the Securities of such series; 
 (20) whether
any of such Securities are to be issuable upon the exercise of warrants, and the time, manner and place for such Securities to be authenticated and delivered; 

(21) if any of such Securities are to be issuable in global form and are to be issuable in definitive form (whether upon
original issue or upon exchange of a temporary Security) only upon receipt of certain certificates or other documents or satisfaction of other conditions, the form and terms of such certificates, documents or conditions; 

(22) if there is more than one Trustee, the identity of the Trustee and, if not the Trustee, the identity of each Security
Registrar, Paying Agent or Authenticating Agent with respect to such Securities; and 
 (23) any other terms of such
Securities and any other deletions from or modifications or additions to this Indenture in respect of such Securities. 
 All Securities of
any one series and all Coupons, if any, appertaining to Bearer Securities of such series shall be substantially identical except as to Currency of payments due thereunder, denomination and the rate of interest thereon, or method of determining the
rate of interest, if any, Maturity, and the date from which interest, if any, shall accrue and except as may otherwise be provided by the Company in or pursuant to the Board Resolution and set forth in the Officers’ Certificate or in any
indenture or indentures supplemental hereto pertaining to such 

  
 24 

 
series of Securities. The terms of the Securities of any series may provide, without limitation, that the Securities shall be authenticated and delivered by the Trustee on original issue from
time to time upon written order of persons designated in the Officers’ Certificate or supplemental indenture and that such persons are authorized to determine, consistent with such Officers’ Certificate or any applicable supplemental
indenture, such terms and conditions of the Securities of such series as are specified in such Officers’ Certificate or supplemental indenture. 

All Securities of any one series need not be issued at the same time and, unless otherwise so provided, the Company may from time to time,
without the consent of Holders of any series of Securities, create and issue additional Securities, having the same terms and conditions and with the same CUSIP, ISIN and other identifying number as any series of Securities initially issued, in an
unlimited aggregate principal amount, except for issue date, issue price and the first payment of interest thereon. Any such additional Securities issued in this manner will be consolidated with and will form a single series with the previously
outstanding Securities of the applicable series, provided that any such additional Securities that are not fungible with the applicable series of Securities initially issued for U.S. federal income tax purposes will have a separate CUSIP, ISIN and
other identifying number than the previously outstanding Securities of the applicable series. 
 If a separate entity is named as a Trustee
in connection with issuance of any series of Securities, the Company agrees to enter into a supplemental indenture in connection with such issuance. 

If any of the terms of the Securities of any series shall be established by action taken by or pursuant to a Board Resolution, the Board
Resolution shall be delivered to the Trustee at or prior to the delivery of the Officers’ Certificate setting forth the terms of such series. 

Section 3.2. Currency; Denominations. 

Unless otherwise provided in or pursuant to this Indenture, the principal of, any premium and interest on and any Additional Amounts with
respect to the Securities shall be payable in Dollars. Unless otherwise provided in or pursuant to this Indenture, Registered Securities denominated in Dollars shall be issuable in registered form without Coupons in minimum denominations of $2,000
and integral multiples of $1,000 in excess thereof, and the Bearer Securities denominated in Dollars shall be issuable in the denomination of $5,000 and integral multiples thereof. Securities not denominated in Dollars shall be issuable in such
denominations as are established with respect to such Securities in or pursuant to this Indenture. 
 Section 3.3. Execution,
Authentication, Delivery and Dating. 
 Securities shall be executed on behalf of the Company by its Chairman of the Board, the Chief
Executive Officer, a President, its Chief Financial Officer, its Treasurer or any Assistant Treasurer or a Vice President and attested by its Secretary or one of its Assistant Secretaries. Coupons shall be executed on behalf of the Company by the
Treasurer or any Assistant Treasurer of the Company. The signature of any of these officers on the Securities or any Coupons appertaining thereto may be manual or facsimile. 

  
 25 

 Securities and any Coupons appertaining thereto bearing the manual or facsimile signatures of
individuals who were at any time the proper officers of the Company shall bind the Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Securities and Coupons
or did not hold such offices at the date of original issuance of such Securities or Coupons. 
 At any time and from time to time after the
execution and delivery of this Indenture, the Company may deliver Securities, together with any Coupons appertaining thereto, executed by the Company, to the Trustee for authentication and, provided that the Board Resolution and
Officers’ Certificate or supplemental indenture or indentures, along with the Officers’ Certificate and Opinion of Counsel required hereunder, with respect to such Securities referred to in Section 3.1 and a Company Order for the
authentication and delivery of such Securities have been delivered to the Trustee, the Trustee in accordance with the Company Order and subject to the provisions hereof and of such Securities shall authenticate and deliver such Securities. In
authenticating such Securities, or causing the authentication thereof, and accepting the additional responsibilities under this Indenture in relation to such Securities and any Coupons appertaining thereto, the Trustee shall be entitled to receive,
and (subject to Sections 315(a) through 315(d) of the Trust Indenture Act) shall be fully protected in relying upon, 
 (1)
an Opinion of Counsel to the effect that: 
 (a) all such conditions precedent to the issuance of the Securities pursuant to
this Indenture have been satisfied; 
 (b) the Securities have been duly authorized, executed and issued by the Company and,
assuming due authentication thereof by the Trustee and upon payment and delivery therefor, will constitute valid and legally binding obligations of the Company, enforceable against the Company in accordance with their terms and entitled to the
benefits of this Indenture, except as may be subject to (i) the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally,
(ii) general equitable principles (whether considered in a proceeding in equity or at law) and (iii) an implied covenant of good faith and fair dealing; such Opinion of Counsel need express no opinion as to the availability of validity,
legally binding effect or enforceability of (i) the waiver of rights and defenses contained in Section 5.14 of this Indenture or (ii) Section 1.11 of this Indenture relating to the separability of provisions; and 

(c) this Indenture has been duly qualified under the Trust Indenture Act; and 

(2) an Officers’ Certificate stating that all conditions precedent to the execution, authentication and delivery of such
Securities and Coupons, if any, appertaining thereto, have been complied with and that, to the best knowledge of the Persons executing such certificate, no event which is, or after notice or lapse of time would become, an Event of Default with
respect to any of the Securities shall have occurred and be continuing. 

  
 26 

 If all the Securities of any series are not to be issued at one time, it shall not be necessary
to deliver an Opinion of Counsel and an Officers’ Certificate at the time of issuance of each Security of such series, but such opinion and certificate, with appropriate modifications, shall be delivered at or before the time of issuance of the
first Security of such series. After any such first delivery, any separate Company Order that the Trustee authenticate and deliver Securities of such series for original issue will be deemed to be a certification by the Company that all conditions
precedent provided for in this Indenture relating to authentication and delivery of such Securities continue to have been complied with. 

The Trustee shall not be required to authenticate or to cause an Authenticating Agent to authenticate any Securities if the issue of such
Securities pursuant to this Indenture will affect the Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise in a manner which is not reasonably acceptable to the Trustee or if the Trustee, being advised
by counsel, determines that such action may not lawfully be taken. 
 Each Registered Security shall be dated the date of its
authentication. Each Bearer Security and any Bearer Security in global form shall be dated as of the date specified in or pursuant to this Indenture. 

No Security or Coupon appertaining thereto shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose,
unless there appears on such Security a certificate of authentication substantially in the form provided for in Section 2.2 or 6.11 executed by or on behalf of the Trustee or by the Authenticating Agent by the manual signature of one of its
authorized signatories. Such certificate upon any Security shall be conclusive evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder. Except as permitted by Section 3.6 or 3.7, the Trustee shall
not authenticate and deliver any Bearer Security unless all Coupons appertaining thereto then matured have been detached and cancelled. 

The Company initially appoints the Trustee to act as the Securities Custodian for the global Securities. The Trustee (in any capacity
hereunder) shall have no liability or responsibility for the action or inaction of DTC. 
 Section 3.4. Temporary Securities.

 Pending the preparation of definitive Securities, the Company may execute and deliver to the Trustee and, upon Company Order, the Trustee
shall authenticate and deliver, in the manner provided in, and subject to the terms of, Section 3.3, temporary Securities in lieu thereof which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized
denomination, substantially of the tenor of the definitive Securities in lieu of which they are issued, in registered form or, if authorized in or pursuant to this Indenture, in bearer form with one or more Coupons or without Coupons and with such
appropriate insertions, omissions, substitutions and other variations as the officers of the Company executing such Securities may determine, as conclusively evidenced by their execution of such Securities. Such temporary Securities may be in global
form. 

  
 27 

 Except in the case of temporary Securities in global form, which shall be exchanged in accordance
with the provisions thereof, if temporary Securities are issued, the Company shall cause definitive Securities to be prepared without unreasonable delay. After the preparation of definitive Securities of the same series and containing terms and
provisions that are identical to those of any temporary Securities, such temporary Securities shall be exchangeable for such definitive Securities upon surrender of such temporary Securities at an Office or Agency for such Securities, without charge
to any Holder thereof. Upon surrender for cancellation of any one or more temporary Securities (accompanied by any unmatured Coupons appertaining thereto), the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor
a like principal amount of definitive Securities of authorized denominations of the same series and containing identical terms and provisions; provided, however, that no definitive Bearer Security, except as provided in or pursuant to this
Indenture, shall be delivered in exchange for a temporary Registered Security; and provided, further, that a definitive Bearer Security shall be delivered in exchange for a temporary Bearer Security only in compliance with the conditions set
forth in or pursuant to this Indenture. Unless otherwise provided in or pursuant to this Indenture with respect to a temporary global Security, until so exchanged the temporary Securities of any series shall in all respects be entitled to the same
benefits under this Indenture as definitive Securities of such series. 
 Section 3.5. Registration, Transfer and Exchange. 

With respect to the Registered Securities of each series, if any, the Company shall cause to be kept a register (each such register being
herein sometimes referred to as the “Security Register”) at an Office or Agency for such series in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of the Registered
Securities of such series and of transfers of the Registered Securities of such series. Such Office or Agency shall be the “Security Registrar” for that series of Securities. Unless otherwise specified in or pursuant to this
Indenture or the Securities, the Trustee shall be the initial Security Registrar for each series of Securities. The Company shall have the right to remove and replace from time to time the Security Registrar for any series of Securities; provided
that no such removal or replacement shall be effective until a successor Security Registrar with respect to such series of Securities shall have been appointed by the Company and shall have accepted such appointment by the Company. In the event that
the Trustee shall not be or shall cease to be Security Registrar with respect to a series of Securities, it shall have the right to examine the Security Register for such series at all reasonable times. There shall be only one Security Register for
each series of Securities. 
 Upon surrender for registration of transfer of any Registered Security of any series at any Office or Agency
for such series, the Company shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Registered Securities of the same series denominated as authorized in or pursuant to
this Indenture, of a like aggregate principal amount bearing a number not contemporaneously outstanding and containing identical terms and provisions. 

At the option of the Holder, Registered Securities of any series may be exchanged for other Registered Securities of the same series
containing identical terms and provisions, in any authorized denominations, and of a like aggregate principal amount, upon surrender of the 

  
 28 

 
Securities to be exchanged at any Office or Agency for such series. Whenever any Registered Securities are so surrendered for exchange, the Company shall execute, and the Trustee shall
authenticate and deliver, the Registered Securities which the Holder making the exchange is entitled to receive. 
 If provided in or
pursuant to this Indenture, with respect to Securities of any series, at the option of the Holder, Bearer Securities of such series may be exchanged for Registered Securities of such series containing identical terms, denominated as authorized in or
pursuant to this Indenture and in the same aggregate principal amount, upon surrender of the Bearer Securities to be exchanged at any Office or Agency for such series, with all unmatured Coupons and all matured Coupons in default thereto
appertaining. If the Holder of a Bearer Security is unable to produce any such unmatured Coupon or Coupons or matured Coupon or Coupons in default, such exchange may be effected if the Bearer Securities are accompanied by payment in funds acceptable
to the Company and the Trustee in an amount equal to the face amount of such missing Coupon or Coupons, or the surrender of such missing Coupon or Coupons may be waived by the Company and the Trustee if there is furnished to them such security or
indemnity as they may require to save each of them and any Paying Agent harmless. If thereafter the Holder of such Bearer Security shall surrender to any Paying Agent any such missing Coupon in respect of which such a payment shall have been made,
such Holder shall be entitled to receive the amount of such payment; provided, however, that, except as otherwise provided in Section 10.2, interest represented by Coupons shall be payable only upon presentation and surrender of those
Coupons at an Office or Agency for such series located outside the United States. Notwithstanding the foregoing, in case a Bearer Security of any series is surrendered at any such Office or Agency for such series in exchange for a Registered
Security of such series and like tenor after the close of business at such Office or Agency on (i) any Regular Record Date and before the opening of business at such Office or Agency on the next succeeding Interest Payment Date, or
(ii) any Special Record Date and before the opening of business at such Office or Agency on the related date for payment of Defaulted Interest, such Bearer Security shall be surrendered without the Coupon relating to such Interest Payment Date
or proposed date of payment, as the case may be (or, if such Coupon is so surrendered with such Bearer Security, such Coupon shall be returned to the Person so surrendering the Bearer Security), and interest or Defaulted Interest, as the case may
be, shall not be payable on such Interest Payment Date or proposed date for payment, as the case may be, in respect of the Registered Security issued in exchange for such Bearer Security, but shall be payable only to the Holder of such Coupon when
due in accordance with the provisions of this Indenture. 
 If provided in or pursuant to this Indenture with respect to Securities of any
series, at the option of the Holder, Registered Securities of such series may be exchanged for Bearer Securities upon such terms and conditions as may be provided in or pursuant to this Indenture with respect to such series. 

Whenever any Securities are surrendered for exchange as contemplated by the immediately preceding two paragraphs, the Company shall execute,
and the Trustee shall authenticate and deliver, the Securities which the Holder making the exchange is entitled to receive. 

  
 29 

 Notwithstanding the foregoing, except as otherwise provided in or pursuant to this Indenture, any
global Security shall be exchangeable for definitive Securities only if (i) the Depositary is at any time unwilling, unable or ineligible to continue as Depositary and a successor Depositary is not appointed by the Company within 90 days of the date
the Company is so informed in writing, (ii) the Company executes and delivers to the Trustee a Company Order to the effect that such global Security shall be so exchangeable, or (iii) an Event of Default has occurred and is continuing with respect
to the Securities and the Depositary requests the issuance of certificated notes. If the beneficial owners of interests in a global Security are entitled to exchange such interests for definitive Securities as the result of an event described in
clause (i), (ii) or (iii) of the preceding sentence, then without unnecessary delay but in any event not later than the earliest date on which such interests may be so exchanged, the Company shall deliver to the Trustee definitive Securities in such
form and denominations as are required by or pursuant to this Indenture, and of the same series, containing identical terms and in aggregate principal amount equal to the principal amount of such global Security, executed by the Company. On or after
the earliest date on which such interests may be so exchanged, such global Security shall be surrendered from time to time by the U.S. Depositary or such other Depositary as shall be specified in the Company Order with respect thereto, and in
accordance with instructions given to the Trustee and the U.S. Depositary or such other Depositary, as the case may be (which instructions shall be in writing but need not be contained in or accompanied by an Officers’ Certificate or be
accompanied by an Opinion of Counsel unless requested by the Trustee), as shall be specified in the Company Order with respect thereto to the Trustee, as the Company’s agent for such purpose, to be exchanged, in whole or in part, for definitive
Securities as described above without charge. The Trustee shall authenticate and make available for delivery, in exchange for such surrendered global Security or portion thereof, a like aggregate principal amount of definitive Securities of the same
series of authorized denominations and of like tenor as such global Security or portion thereof to be exchanged, which (unless such Securities are not issuable both as Bearer Securities and as Registered Securities, in which case the definitive
Securities exchanged for the global Security or portion thereof shall be issuable only in the form in which the Securities are issuable, as provided in or pursuant to this Indenture) shall be in the form of Bearer Securities or Registered
Securities, or any combination thereof; as shall be specified by the beneficial owner thereof, but subject to the satisfaction of any certification or other requirements to the issuance of Bearer Securities; provided, however, that no such
exchanges may occur during a period beginning at the opening of business 15 days before any selection of Securities of the same series to be redeemed and ending on the relevant Redemption Date; and provided, further, that (unless otherwise
provided in or pursuant to this Indenture) no Bearer Security delivered in exchange for a portion of a global Security shall be mailed or otherwise delivered to any location in the United States. Promptly following any such exchange in part, such
global Security shall be returned by the Trustee to such Depositary or the U.S. Depositary, as the case may be, or such other Depositary or U.S. Depositary referred to above in accordance with the instructions of the Company referred to above. If a
Registered Security is issued in exchange for any portion of a global Security after the close of business at the Office or Agency for such Security where such exchange occurs on or after (i) any Regular Record Date for such Security and before the
opening of business at such Office or Agency on the next succeeding Interest Payment Date, or (ii) any Special Record Date for such Security and before the opening of business at such Office or Agency on the related proposed date for payment of
interest or Defaulted Interest, as the case may be, interest shall not be payable on 

  
 30 

 
such Interest Payment Date or proposed date for payment, as the case may be, in respect of such Registered Security, but shall be payable on such Interest Payment Date or proposed date for
payment, as the case may be, only to the Person to whom interest in respect of such portion of such global Security shall be payable in accordance with the provisions of this Indenture. 

All Securities issued upon any registration of transfer or exchange of Securities shall be the valid obligations of the Company evidencing the
same debt and entitling the Holders thereof to the same benefits under this Indenture as the Securities surrendered upon such registration of transfer or exchange. 

Every Registered Security presented or surrendered for registration of transfer or for exchange or redemption shall (if so required by the
Company or the Security Registrar for such Security) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar for such Security duly executed by the Holder thereof or his
attorney duly authorized in writing. 
 No service charge by the Company shall be made for any registration of transfer or exchange, or
redemption of Securities, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge and any other expenses (including fees and expenses of the Trustee and the Securities Registrar) that may be imposed in
connection with any registration of transfer or exchange of Securities, other than exchanges pursuant to Section 3.4, 9.5 or 11.7 not involving any transfer. 

Except as otherwise provided in or pursuant to this Indenture, the Company shall not be required (i) to issue, register the transfer of
or exchange any Securities during a period beginning at the opening of business 15 days before the day of mailing of a notice of redemption of Securities of like tenor and the same series under Section 11.4 and ending at the close of business
on the day of such mailing, or (ii) to register the transfer of or exchange any Registered Security selected for redemption in whole or in part, except in the case of any Security to be redeemed in part, the portion thereof not to be redeemed,
or (iii) to exchange any Bearer Security selected for redemption except, to the extent provided with respect to such Bearer Security, that such Bearer Security may be exchanged for a Registered Security of like tenor and the same series,
provided that such Registered Security shall be immediately surrendered for redemption with written instruction for payment consistent with the provisions of this Indenture or (iv) to issue, register the transfer of or exchange any
Security which, in accordance with its terms, has been surrendered for repayment at the option of the Holder, except the portion, if any, of such Security not to be so repaid. 

Section 3.6. Mutilated, Destroyed, Lost and Stolen Securities. 

If any mutilated Security or a Security with a mutilated Coupon appertaining to it is surrendered to the Trustee, subject to the provisions of
this Section 3.6, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a new Security of the same series containing identical terms and of like principal amount and bearing a number not contemporaneously
outstanding, with Coupons appertaining thereto corresponding to the Coupons, if any, appertaining to the surrendered Security. 

  
 31 

 If there be delivered to the Company and to the Trustee (i) evidence to their satisfaction
of the destruction, loss or theft of any Security or Coupon, and (ii) such security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence of notice to the Company or the
Trustee that such Security or Coupon has been acquired by a bona fide purchaser, the Company shall execute and, upon the Company’s request the Trustee shall authenticate and deliver, in exchange for or in lieu of any such mutilated, destroyed,
lost or stolen Security or in exchange for the Security to which a destroyed, lost or stolen Coupon appertains with all appurtenant Coupons not destroyed, lost or stolen, a new Security of the same series containing identical terms and of like
principal amount and bearing a number not contemporaneously outstanding, with Coupons appertaining thereto corresponding to the Coupons, if any, appertaining to such destroyed, lost or stolen Security or to the Security to which such destroyed, lost
or stolen Coupon appertains. 
 Notwithstanding the foregoing provisions of this Section 3.6, in case any mutilated, destroyed, lost or
stolen Security or Coupon has become or is about to become due and payable, the Company in its discretion may, instead of issuing a new Security, pay such Security or Coupon; provided, however, that payment of principal of, any premium or
interest on or any Additional Amounts with respect to any Bearer Securities shall, except as otherwise provided in Section 10.2, be payable only at an Office or Agency for such Securities located outside the United States and, unless otherwise
provided in or pursuant to this Indenture, any interest on Bearer Securities and any Additional Amounts with respect to such interest shall be payable only upon presentation and surrender of the Coupons appertaining thereto. 

Upon the issuance of any new Security under this Section 3.6, the Company may require the payment of a sum sufficient to cover any tax or
other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. 

Every new Security, with any Coupons appertaining thereto issued pursuant to this Section 3.6 in lieu of any destroyed, lost or stolen
Security, or in exchange for a Security to which a destroyed, lost or stolen Coupon appertains shall constitute a separate obligation of the Company, whether or not the destroyed, lost or stolen Security and Coupons appertaining thereto or the
destroyed, lost or stolen Coupon shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Securities of such series and any Coupons, if any, duly
issued hereunder. 
 The provisions of this Section 3.6, as amended or supplemented pursuant to this Indenture with respect to
particular Securities or generally, shall be exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities or Coupons. 

Section 3.7. Payment of Interest and Certain Additional Amounts; Rights to Interest and Certain Additional Amounts Preserved. 

Unless otherwise provided in or pursuant to this Indenture, any interest on and any Additional Amounts with respect to any Registered Security
which shall be payable, and are punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Security (or one or more Predecessor Securities) is registered as of the close of business on the
Regular Record Date for such interest. 

  
 32 

 Unless otherwise provided in or pursuant to this Indenture, any interest on and any Additional
Amounts with respect to any Registered Security which shall be payable, but shall not be punctually paid or duly provided for, on any Interest Payment Date for such Registered Security (herein called “Defaulted Interest”) shall
forthwith cease to be payable to the Holder thereof on the relevant Regular Record Date by virtue of having been such Holder; and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in clause (1) or
(2) below: 
 (1) The Company may elect to make payment of any Defaulted Interest to the Person in whose name such
Registered Security (or one or more Predecessor Securities) shall be registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall be fixed by the Company in the following manner. The Company
shall notify the Trustee and Paying Agent in writing of the amount of Defaulted Interest proposed to be paid on such Registered Security, the Special Record Date therefor and the date of the proposed payment, and at the same time the Company shall
deposit with the Paying Agent an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Paying Agent for such deposit on or prior to the date of the
proposed payment, such money when so deposited to be held in trust for the benefit of the Person entitled to such Defaulted Interest as in this Clause provided. The Special Record Date for the payment of such Defaulted Interest shall be not more
than 15 days and not less than 10 days prior to the date of the proposed payment and not less than 10 days after notification to the Trustee and Paying Agent of the proposed payment. The Trustee shall, in the name and at the expense of the Company,
cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be mailed, first-class postage prepaid, or delivered electronically if held by any Depositary in accordance with such Depositary’s customary
procedures, to the Holder of such Registered Security (or a Predecessor Security thereof) at his address as it appears in the Security Register not less than 10 days prior to such Special Record Date. The Trustee may, in the name and at the expense
of the Company cause a similar notice to be published at least once in an Authorized Newspaper of general circulation in the Borough of Manhattan, The City of New York, but such publication shall not be a condition precedent to the establishment of
such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been mailed as aforesaid, such Defaulted Interest shall be paid to the Person in whose name such Registered Security (or
a Predecessor Security thereof) shall be registered at the close of business on such Special Record Date and shall no longer be payable pursuant to the following clause (2). 

(2) The Company may make payment of any Defaulted Interest in any other lawful manner not inconsistent with the requirements of
any securities exchange on which such Security may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Company to the Trustee and the Paying Agent of the proposed payment pursuant to this clause, such
payment shall be deemed practicable by the Trustee and Paying Agent. 

  
 33 

 Unless otherwise provided in or pursuant to this Indenture or the Securities of any particular
series pursuant to the provisions of this Indenture, at the option of the Company, interest on Registered Securities that bear interest may be paid by mailing a check to the address of the Person entitled thereto as such address shall appear in the
Security Register or by transfer to an account maintained by the payee with a bank located in the United States, provided such transfer is in excess of $1 million. 

Subject to the foregoing provisions of this Section 3.7 and Section 3.5, each Security delivered under this Indenture upon
registration of transfer of or in exchange for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security. 

In the case of any Registered Security of any series that is convertible into shares of Common Stock or exchangeable for other securities,
which Registered Security is converted or exchanged after any Regular Record Date and on or prior to the next succeeding Interest Payment Date (other than any Registered Security with respect to which the Stated Maturity is prior to such Interest
Payment Date), interest with respect to which the Stated Maturity is on such Interest Payment Date shall be payable on such Interest Payment Date notwithstanding such conversion or exchange, and such interest (whether or not punctually paid or duly
provided for) shall be paid to the Person in whose name that Registered Security (or one or more predecessor Registered Securities) is registered at the close of business on such Regular Record Date. Except as otherwise expressly provided in the
immediately preceding sentence, in the case of any Registered Security which is converted or exchanged, interest with respect to which the Stated Maturity is after the date of conversion or exchange of such Registered Security shall not be payable.

 Section 3.8. Persons Deemed Owners. 

Prior to due presentment of a Registered Security for registration of transfer, the Company, the Trustee and any agent of the Company or the
Trustee may treat the Person in whose name such Registered Security is registered in the Security Register as the owner of such Registered Security for the purpose of receiving payment of principal of, any premium and (subject to Sections 3.5 and
3.7) interest on and any Additional Amounts with respect to such Registered Security and for all other purposes whatsoever, whether or not any payment with respect to such Registered Security shall be overdue, and none of the Company, the Trustee or
any agent of the Company or the Trustee shall be affected by notice to the contrary. 
 The Company, the Trustee and any agent of the
Company or the Trustee may treat the bearer of any Bearer Security or the bearer of any Coupon as the absolute owner of such Security or Coupon for the purpose of receiving payment thereof or on account thereof and for all other purposes whatsoever,
whether or not any payment with respect to such Security or Coupon shall be overdue, and none of the Company, the Trustee or any agent of the Company or the Trustee shall be affected by notice to the contrary. 

No Holder of any beneficial interest in any global Security held on its behalf by a Depositary shall have any rights under this Indenture with
respect to such global Security, and such Depositary may be treated by the Company, the Trustee, and any agent of the Company or 

  
 34 

 
the Trustee as the owner of such global Security for all purposes whatsoever. None of the Company, the Trustee, any Paying Agent or the Security Registrar will have any responsibility or
liability for any aspect of the records relating to or payments made on account of beneficial ownership interests of a global Security or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. 

Section 3.9. Cancellation. 

All Securities and Coupons surrendered for payment, redemption, registration of transfer, exchange or conversion or for credit against any
sinking fund payment shall, if surrendered to any Person other than the Trustee (including, the Securities Registrar and Paying Agent), be delivered to the Trustee, and any such Securities and Coupons, as well as Securities and Coupons surrendered
directly to the Trustee for any such purpose, shall be cancelled promptly by the Trustee. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have
acquired in any manner whatsoever, and all Securities so delivered shall be cancelled promptly by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section, except as
expressly permitted by or pursuant to this Indenture. All cancelled Securities and Coupons held by the Trustee shall be disposed of in accordance with its customary procedures. Copies of all cancelled Securities shall, at the Company’s written
request, be provided to the Company by the Trustee, promptly following cancellation of such Securities. 
 Section 3.10. Computation of
Interest. 
 Except as otherwise provided in or pursuant to this Indenture or in any Security, interest on the Securities shall be
computed on the basis of a 360-day year of twelve 30-day months. 
 ARTICLE 4 

SATISFACTION AND DISCHARGE OF
INDENTURE 
 Section 4.1. Satisfaction and Discharge. 

Upon the direction of the Company by a Company Order, this Indenture shall cease to be of further effect with respect to any series of
Securities specified in such Company Order and any Coupons appertaining thereto, and the Trustee, on receipt of a Company Order, at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this
Indenture as to such series, when 
 (1) either 

(a) all Securities of such series theretofore authenticated and delivered and all Coupons appertaining thereto (other than
(i) Coupons appertaining to Bearer Securities of such series surrendered in exchange for Registered Securities of such series and maturing after such exchange whose surrender is not required or has been waived as provided in Section 3.5,
(ii) Securities and Coupons of such 

  
 35 

 
series which have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 3.6, (iii) Coupons appertaining to Securities of such series called for
redemption and maturing after the relevant Redemption Date whose surrender has been waived as provided in Section 11.6, and (iv) Securities and Coupons of such series for whose payment money has theretofore been deposited in trust or
segregated and held in trust by the Company and thereafter repaid to the Company or discharged from such trust, as provided in Section 10.3) have been delivered to the Trustee for cancellation, or 

(b) all Securities of such series and, in the case of (i) or (ii) below, any Coupons appertaining thereto not
theretofore delivered to the Trustee for cancellation 
 (i) have become due and payable, or 

(ii) will become due and payable at their Stated Maturity within one year, or 

(iii) if redeemable at the option of the Company, are to be called for redemption within one year under arrangements
satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company, 
 and the
Company, in the case of (i), (ii) or (iii) above, has deposited or caused to be deposited with the Trustee as trust funds in trust for such purpose, money in the Currency in which such Securities are payable in an amount sufficient to pay
the entire indebtedness on such Securities and any Coupons appertaining thereto not theretofore delivered to the Trustee for cancellation, including the principal of, any premium and interest on, any Additional Amounts with respect to such
Securities, Interest to the date of deposit and any Coupons appertaining thereto, to the date of such deposit (in the case of Securities which have become due and payable), to Maturity or to the Redemption Date, as the case may be; 

(2) the Company has paid or caused to be paid all other sums payable hereunder by the Company with respect to the Outstanding
Securities of such series and any Coupons appertaining thereto; and 
 (3) the Company has delivered to the Trustee an
Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture as to such series have been complied with. 

In the event there are Securities of two or more series hereunder, the Trustee shall be required to execute an instrument acknowledging
satisfaction and discharge of this Indenture only if requested to do so with respect to Securities of such series as to which it is Trustee and if the other conditions thereto are met. 

  
 36 

 Notwithstanding the satisfaction and discharge of this Indenture with respect to any series of
Securities, the obligations of the Company to the Trustee under Section 6.6 and, if money shall have been deposited with the Trustee pursuant to subclause (b) of clause (1) of this Section, the obligations of the Company and the
Trustee with respect to the Securities of such series under Sections 3.5, 3.6, 4.3, 10.2 and 10.3, with respect to the payment of Additional Amounts, if any, with respect to such Securities as contemplated by Section 10.4 (but only to the
extent that the Additional Amounts payable with respect to such Securities exceed the amount deposited in respect of such Additional Amounts pursuant to Section 4.1(1)(b)), and with respect to any rights to convert or exchange such Securities
into Common Stock or other securities shall survive. 
 Section 4.2. Defeasance and Covenant Defeasance. 

(1) Unless pursuant to Section 3.1, either or both of (i) defeasance of the Securities of or within a series under
clause (2) of this Section 4.2 shall not be applicable with respect to the Securities of such series or (ii) covenant defeasance of the Securities of or within a series under clause (3) of this Section 4.2 shall not be
applicable with respect to the Securities of such series, then such provisions, together with the other provisions of this Section 4.2 (with such modifications thereto as may be specified pursuant to Section 3.1 with respect to any
Securities), shall be applicable to such Securities and any Coupons appertaining thereto, and the Company may at its option by Board Resolution, at any time, with respect to such Securities and any Coupons appertaining thereto, elect to have
Section 4.2(2) or Section 4.2(3) be applied to such Outstanding Securities and any Coupons appertaining thereto upon compliance with the conditions set forth below in this Section 4.2. 

(2) Upon the Company’s exercise of the above option applicable to this Section 4.2(2) with respect to any Securities of or
within a series, the Company shall be deemed to have been discharged from its obligations with respect to such Outstanding Securities and any Coupons appertaining thereto on the date the conditions set forth in clause (4) of this Section 4.2 are
satisfied (hereinafter, “defeasance”). For this purpose, such defeasance means that the Company shall be deemed to have paid and discharged the entire indebtedness represented by such Outstanding Securities and any Coupons
appertaining thereto, which shall thereafter be deemed to be “Outstanding” only for the purposes of clause (5) of this Section 4.2 and the other Sections of this Indenture referred to in clauses (i) and (ii) below, and to have satisfied
all of its other obligations under such Securities and any Coupons appertaining thereto and this Indenture insofar as such Securities and any Coupons appertaining thereto are concerned (and the Trustee, at the expense of the Company, shall execute
proper instruments acknowledging the same), except for the following which shall survive until otherwise terminated or discharged hereunder: (i) the rights of Holders of such Outstanding Securities and any Coupons appertaining thereto to receive,
solely from the trust fund described in clause (4) of this Section 4.2 and as more fully set forth in such clause, payments in respect of the principal of (and premium, if any) and interest, if any, on, and Additional Amounts, if any, with respect
to, such Securities and any Coupons appertaining thereto when such payments are due, and any rights of such Holder to convert such Securities into Common Stock or exchange such Securities for other securities, (ii) the obligations of the Company and
the 

  
 37 

 
Trustee with respect to such Securities under Sections 3.5, 3.6, 10.2 and 10.3 and with respect to the payment of Additional Amounts, if any, on such Securities as contemplated by
Section 10.4 (but only to the extent that the Additional Amounts payable with respect to such Securities exceed the amount deposited in respect of such Additional Amounts pursuant to Section 4.2(4)(a) below), and with respect to any rights
to convert such Securities into Common Stock or exchange such Securities for other securities, (iii) the rights, powers, trusts, duties and immunities of the Trustee hereunder and (iv) this Section 4.2. The Company may exercise its
option under this Section 4.2(2) notwithstanding the prior exercise of its option under clause (3) of this Section 4.2 with respect to such Securities and any Coupons appertaining thereto. 

(3) Upon the Company’s exercise of the option to have this Section 4.2(3) apply with respect to any Securities of or
within a series, the Company shall be released from its obligations under Section 7.4, Section 8.1, Section 10.5, Section 10.6, Section 10.7 and Section 10.9, and, to the extent specified pursuant to
Section 3.1(19), any other covenant applicable to such Securities, with respect to such Outstanding Securities and any Coupons appertaining thereto on and after the date the conditions set forth in clause (4) of this Section 4.2 are
satisfied (hereinafter, “covenant defeasance”), and such Securities and any Coupons appertaining thereto shall thereafter be deemed to be not “Outstanding” for the purposes of any direction, waiver, consent or declaration
or Act of Holders (and the consequences of any thereof) in connection with any such covenant, but shall continue to be deemed “Outstanding” for all other purposes hereunder. For this purpose, such covenant defeasance means that, with
respect to such Outstanding Securities and any Coupons appertaining thereto, (a) the Company may omit to comply with, and shall have no liability in respect of, any term, condition or limitation set forth in any such Section or such other
covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such Section or such other covenant or by reason of reference in any such Section or such other covenant to any other provision herein or in any other
document and such omission to comply shall not constitute a default or an Event of Default under Section 5.1(4) or otherwise, as the case may be and (b) the occurrence of any event specified under Section 5.1(5) shall be deemed not to
be or result in an Event of Default, but, except as specified above, the remainder of this Indenture and such Securities and Coupons appertaining thereto shall be unaffected thereby. 

(4) The following shall be the conditions to application of clause (2) or (3) of this Section 4.2 to any
Outstanding Securities of or within a series and any Coupons appertaining thereto: 
 (a) The Company shall irrevocably have
deposited or caused to be deposited with the Trustee (or another trustee satisfying the requirements of Section 6.7 who shall agree to comply with the provisions of this Section 4.2 applicable to it) as trust funds in trust for the purpose
of making the following payments, specifically pledged as security for, and dedicated solely to, the benefit of the Holders of such Securities and any Coupons appertaining thereto, (1) an amount in Dollars or in such Foreign Currency in which
such Securities and any Coupons appertaining thereto are then specified as payable, or (2) Government 

  
 38 

 
Obligations which through the scheduled payment of principal and interest in respect thereof in accordance with their terms will provide, not later than one day before the due date of any payment
of principal of (and premium, if any) and interest, if any, on such Securities and any Coupons appertaining thereto, money in an amount, or (3) a combination thereof, in any case, in an amount, sufficient, without consideration of any
reinvestment of such principal and interest, in the opinion of a nationally recognized firm of Independent Public Accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge, and which shall be applied by
the Trustee (or other qualifying trustee) to pay and discharge, (y) the principal of (and premium, if any) and interest, if any, on such Outstanding Securities and any Coupons appertaining thereto at the Stated Maturity of such principal or
installment of principal or premium or interest (including any Redemption Date that the Company irrevocably specifies at the time of such defeasance or covenant defeasance) and (z) any mandatory sinking fund payments or analogous payments
applicable to such Outstanding Securities and any Coupons appertaining thereto on the days on which such payments are due and payable in accordance with the terms of this Indenture and of such Securities and any Coupons appertaining thereto. 

(b) Such defeasance or covenant defeasance shall not result in a breach or violation of, or constitute a default under, this
Indenture or any other material agreement or instrument to which the Company is a party or by which it is bound. 
 (c) No
Event of Default or event which with notice or lapse of time or both would become an Event of Default with respect to such Securities and any Coupons appertaining thereto shall have occurred and be continuing on the date of such deposit and, with
respect to defeasance only, at any time during the period ending on the 91st day after the date of such deposit (it being understood that this condition shall not be deemed satisfied until the expiration of such period). 

(d) In the case of an election under clause (2) of this Section 4.2, the Company shall have delivered to the Trustee
an Opinion of Counsel stating that (i) the Company has received from the Internal Revenue Service a letter ruling, or there has been published by the Internal Revenue Service a Revenue Ruling, or (ii) since the date of execution of this
Indenture, there has been a change in the applicable Federal income tax law, in either case to the effect that, and based thereon such opinion shall confirm that, the Holders of such Outstanding Securities and any Coupons appertaining thereto will
not recognize income, gain or loss for Federal income tax purposes as a result of such defeasance and will be subject to Federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such defeasance
had not occurred. 
 (e) In the case of an election under clause (3) of this Section 4.2, the Company shall have
delivered to the Trustee an Opinion of Counsel to the effect that the Holders of such Outstanding Securities and any Coupons appertaining thereto will not recognize income, gain or loss for Federal income tax purposes as a result of such covenant
defeasance and will be subject to Federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such covenant defeasance had not occurred. 

  
 39 

 (f) The Company shall have delivered to the Trustee an Officers’ Certificate
and an Opinion of Counsel, each stating that all conditions precedent to the defeasance or covenant defeasance under clause (2) or (3) of this Section 4.2 (as the case may be) have been complied with. 

(g) Notwithstanding any other provisions of this Section 4.2(4), such defeasance or covenant defeasance shall be effected
in compliance with any additional or substitute terms, conditions or limitations which may be imposed on the Company in connection therewith pursuant to Section 3.1. 

(5) Unless otherwise specified in or pursuant to this Indenture or any Security, if, after a deposit referred to in
Section 4.2(4)(a) has been made, (a) the Holder of a Security in respect of which such deposit was made is entitled to, and does, elect pursuant to Section 3.1 or the terms of such Security to receive payment in a Currency other than
that in which the deposit pursuant to Section 4.2(4)(a) has been made in respect of such Security, or (b) a Conversion Event occurs in respect of the Foreign Currency in which the deposit pursuant to Section 4.2(4)(a) has been made,
the indebtedness represented by such Security and any Coupons appertaining thereto shall be deemed to have been, and will be, fully discharged and satisfied through the payment of the principal of (and premium, if any), and interest, if any, on, and
Additional Amounts, if any, with respect to, such Security as the same becomes due out of the proceeds yielded by converting (from time to time as specified below in the case of any such election) the amount or other property deposited in respect of
such Security into the Currency in which such Security becomes payable as a result of such election or Conversion Event based on (x) in the case of payments made pursuant to clause (a) above, the applicable market exchange rate for such
Currency in effect on the second Business Day prior to each payment date, or (y) with respect to a Conversion Event, the applicable market exchange rate for such Foreign Currency in effect (as nearly as feasible) at the time of the Conversion
Event. 
 The Company shall pay and indemnify the Trustee (or other qualifying trustee, collectively for purposes of this
Section 4.2(5) and Section 4.3, the “Trustee”) against any tax, fee or other charge, imposed on or assessed against the Government Obligations deposited pursuant to this Section 4.2 or the principal or interest
received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of such Outstanding Securities and any Coupons appertaining thereto. 

Anything in this Section 4.2 to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon
Company Request any money or Government Obligations (or other property and any proceeds therefrom) held by it as provided in clause (4) of this Section 4.2 which, in the opinion of a nationally recognized firm of Independent Public
Accountants expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof which would then be required to be deposited to effect a defeasance or covenant defeasance, as applicable, in accordance with this
Section 4.2. 

  
 40 

 In the case where an election is made under clause (3) of this Section 4.2 with respect
to a Security and the Security is declared due and payable because of the occurrence of any Event of Default (other than an Event of Default with respect to any covenant as to which there has been covenant defeasance), if the amount in Dollars or
Foreign Currency in which the Security is payable, and Government Obligations on deposit with the Trustee, will be sufficient to pay amounts due on the Security at the time of the stated maturity or earlier redemption but is not sufficient to pay
amounts due on the Security at the time of the acceleration resulting from the Event of Default, the Company shall remain liable to make payment of the amounts due at the time of acceleration. 

Section 4.3. Application of Trust Money. 

Subject to the provisions of the last paragraph of Section 10.3, all money and Government Obligations (or other property as may be
provided pursuant to Section 3.1) (including the proceeds thereof) deposited with the Trustee pursuant to Section 4.1 or 4.2 in respect of any Outstanding Securities of any series and any Coupons appertaining thereto shall be held in trust
and applied by the Trustee, in accordance with the provisions of such Securities and any Coupons appertaining thereto and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying
Agent) as the Trustee may determine, to the Holders of such Securities and any Coupons appertaining thereto of all sums due and to become due thereon in respect of principal (and premium, if any) and interest and Additional Amounts, if any; but such
money and Government Obligations need not be segregated from other funds except to the extent required by law. 
 ARTICLE 5 

REMEDIES 

Section 5.1. Events of Default. 

“Event of Default”, wherever used herein with respect to Securities of any series, means any one of the following events
(whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or
governmental body), unless such event is specifically deleted or modified in or pursuant to the supplemental indenture, Board Resolution or Officers’ Certificate establishing the terms of such series pursuant to this Indenture: 

(1) default in the payment of any interest on any Security of such series, or any Additional Amounts payable with respect
thereto, when interest or Additional Amounts become due and payable, and continuance of such default for a period of 30 days; or 

(2) default in the payment of the principal of or any premium on any Security of such series, or any Additional Amounts payable
with respect thereto, when such principal, premium or such Additional Amounts become due and payable at their Maturity, upon any redemption, upon declaration of acceleration or otherwise; or 

  
 41 

 (3) default in the deposit of any sinking fund payment when and as due by the
terms of any Security of such series; or 
 (4) default in the performance, or breach, of any covenant or agreement of the
Company in this Indenture for the benefit of such series or in the Securities of such series (other than a covenant or agreement a default in the performance or the breach of which is dealt with elsewhere in this Indenture or which is expressly
included in this Indenture solely for the benefit of a series of Securities other than such series), and continuance of such default or breach for a period of 90 days after there has been given to the Company by the Trustee or to the Company and the
Trustee by the Holders of at least 25% in principal amount of the Outstanding Securities of such series, a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of
Default” hereunder; or 
 (5) if any event of default as defined in any mortgage, indenture or instrument under
which there may be issued, or by which there may be secured or evidenced, any Debt of the Company (including any Event of Default under any other series of Securities), whether such Debt now exists or shall hereafter be created or incurred, shall
happen and shall consist of default in the payment of more than $200 million in principal amount of such Debt at its maturity (after giving effect to any applicable grace period) or shall result in more than $200 million in principal amount of such
Debt becoming or being declared due and payable prior to the date on which it would otherwise become due and payable and such acceleration shall not be rescinded or annulled within ten days after notice thereof; provided, however, that, if
such default under such mortgage, indenture or instrument is cured by the Company, or waived by the holders of such Debt, in each case as may be permitted by such mortgage, indenture or instrument, then the event of default under this Indenture
caused by such default will be deemed likewise to be cured or waived; 
 (6) the entry by a court having competent
jurisdiction of: 
 (a) a decree or order for relief in respect of the Company in an involuntary proceeding under any
applicable bankruptcy, insolvency, reorganization or other similar law and such decree or order shall remain unstayed and in effect for a period of 60 consecutive days; or 

(b) a decree or order adjudging the Company to be insolvent, or approving a petition seeking reorganization, arrangement,
adjustment or composition of the Company because of such insolvency and such decree or order shall remain unstayed and in effect for a period of 60 consecutive days; or 

(c) a final and non-appealable order appointing a custodian, receiver, liquidator, assignee, trustee or other similar official
of the Company or of any substantial part of the property of the Company, or ordering the winding up or liquidation of the affairs of the Company; or 

  
 42 

 (7) the commencement by the Company of a voluntary proceeding under any
applicable bankruptcy, insolvency, reorganization or other similar law or of a voluntary proceeding seeking to be adjudicated insolvent or the consent by the Company to the entry of a decree or order for relief in an involuntary proceeding under any
applicable bankruptcy, insolvency, reorganization or other similar law or to the commencement of any insolvency proceedings against it, or the filing by the Company of a petition or answer or consent seeking reorganization, arrangement, adjustment
or composition of the Company because of such insolvency or relief under any applicable law relating to the insolvency, or the consent by the Company to the filing of such petition or to the appointment of or taking possession by a custodian,
receiver, liquidator, assignee, trustee or similar official of the Company or any substantial part of the property of the Company or the making by the Company of an assignment for the benefit of creditors, or the taking of corporate action by the
Company in furtherance of any such action; or 
 (8) any other Event of Default provided in or pursuant to this Indenture
with respect to Securities of such series. 
 Section 5.2. Acceleration of Maturity; Rescission and Annulment. 

If an Event of Default with respect to Securities of any series at the time Outstanding (other than an Event of Default specified in clause
(6) or (7) of Section 5.1) occurs and is continuing, either the Trustee or the Holders of not less than 25% in principal amount of the Outstanding Securities of such series may declare the principal amount of all the Outstanding
Securities of such series, or such other amount as may be provided for in the Securities of such series, to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by the Holders), and upon any such
declaration such principal or such lesser amount shall become immediately due and payable. 
 If an Event of Default specified in clause
(6) or (7) of Section 5.1 occurs, all unpaid principal of and accrued interest on the Outstanding Securities of that series (or such lesser amount as may be provided for in the Securities of such series) shall ipso facto become
and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder of any Security of that series. 

At any time after a declaration of acceleration with respect to the Securities of any series has been made and before a judgment or decree for
payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of not less than a majority in principal amount of the Outstanding Securities of such series, by written notice to the Company and the
Trustee, may rescind and annul such declaration and its consequences if 
 (1) the Company has paid or deposited with the
Trustee a sum of money sufficient to pay 
 (a) all overdue installments of any interest on and Additional Amounts with
respect to all Securities of such series and any Coupon appertaining thereto, 
 (b) the principal of and any premium on any
Securities of such series which have become due otherwise than by such declaration of acceleration and interest thereon and any Additional Amounts with respect thereto at the rate or rates borne by or provided for in such Securities, 

  
 43 

 (c) to the extent that payment of such interest or Additional Amounts is lawful,
interest upon overdue installments of any interest and Additional Amounts at the rate or rates borne by or provided for in such Securities, and 

(d) all sums paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements and advances of
the Trustee, its agents and counsel and all other amounts due the Trustee under Section 6.6; and 
 (2) all Events of
Default with respect to Securities of such series, other than the non-payment of the principal of, any premium and interest on, and any Additional Amounts with respect to Securities of such series which shall have become due solely by such
declaration of acceleration, shall have been cured or waived as provided in Section 5.13. 
 No such rescission shall affect any
subsequent default or impair any right consequent thereon. 
 Section 5.3. Collection of Indebtedness and Suits for Enforcement by
Trustee. 
 The Company covenants that if 

(1) default is made in the payment of any installment of interest on or any Additional Amounts with respect to any Security or
any Coupon appertaining thereto when such interest or Additional Amounts shall have become due and payable and such default continues for a period of 30 days, or 

(2) default is made in the payment of the principal of or any premium on any Security or any Additional Amounts with respect
thereto at their Maturity, 
 the Company shall, upon demand of the Trustee, pay to the Trustee, for the benefit of the Holders of such Securities and any
Coupons appertaining thereto, the whole amount of money then due and payable with respect to such Securities and any Coupons appertaining thereto, with interest upon the overdue principal, any premium and, to the extent that payment of such interest
shall be legally enforceable, upon any overdue installments of interest and Additional Amounts at the rate or rates borne by or provided for in such Securities, and, in addition thereto, such further amount of money as shall be sufficient to cover
the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel and all other amounts due to the Trustee hereunder (including in accordance with
Section 6.6). 
 If the Company fails to pay the money it is required to pay the Trustee pursuant to the preceding paragraph forthwith
upon the demand of the Trustee, the Trustee, in its own name and as trustee of an express trust, may institute a judicial proceeding for the collection of the money so due and unpaid, and may prosecute such proceeding to judgment or final decree,
and 

  
 44 

 
may enforce the same against the Company or any other obligor upon such Securities and any Coupons appertaining thereto and collect the monies adjudged or decreed to be payable in the manner
provided by law out of the property of the Company or any other obligor upon such Securities and any Coupons appertaining thereto, wherever situated. 

If an Event of Default with respect to Securities of any series occurs and is continuing with respect to Securities of any series at the time
Outstanding, the Trustee may pursue any available remedy to collect the payment of principal and interest on the Securities of such series or to enforce the performance of any provision hereunder or of the Securities of such series. 

Section 5.4. Trustee May File Proofs of Claim. 

In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or
other similar judicial proceeding relative to the Company or any other obligor upon the Securities of any series or the property of the Company or such other obligor or their creditors, the Trustee (irrespective of whether the principal of the
Securities shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of any overdue principal, premium, interest or Additional
Amounts) shall be entitled and empowered, by intervention in such proceeding or otherwise, 
 (1) to file and prove a claim
for the whole amount, or such lesser amount as may be provided for in the Securities of any applicable series, of the principal and any premium, interest and Additional Amounts owing and unpaid in respect of the Securities and any Coupons
appertaining thereto and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee,
its agents or counsel) and of the Holders of Securities or any Coupons appertaining thereto allowed in such judicial proceeding, and 

(2) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same
subject to this Indenture; 
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial
proceeding is hereby authorized by each Holder of Securities or any Coupons to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders of Securities or any Coupons, to
pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel and any other amounts due the Trustee under Section 6.6. 

Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder of a
Security or any Coupon any plan of reorganization, arrangement, adjustment or composition affecting the Securities or Coupons or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Holder of a
Security or any Coupon in any such proceeding. 

  
 45 

 Section 5.5. Trustee May Enforce Claims without Possession of Securities or Coupons.

 All rights of action and claims under this Indenture or any of the Securities or Coupons may be prosecuted and enforced by the Trustee
without the possession of any of the Securities or Coupons or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any
recovery or judgment, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, shall be for the ratable benefit of each and every Holder of the Securities or Coupons
in respect of which such judgment has been recovered. 
 Section 5.6. Application of Money Collected. 

Any money or other property collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates
fixed by the Trustee and, in case of the distribution of such money or other property on account of principal, or any premium, interest or Additional Amounts, upon presentation of the Securities or Coupons, or both, as the case may be, and the
notation thereon of the payment if only partially paid and upon surrender thereof if fully paid: 
 FIRST: To the payment of
all amounts due the Trustee (acting in any capacity hereunder or in connection herewith) and any predecessor Trustee, any Person appointed by the Company or the Trustee to act in any capacity hereunder or in connection herewith, and their respective
agents and attorneys (including in accordance with Section 6.6), including payment of all compensation, expense and liabilities incurred, and all advances made by the Trustee, and the costs and expenses of collection; 

SECOND: To the payment of the amounts then due and unpaid upon the Securities and any Coupons for principal and any premium,
interest and Additional Amounts in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the aggregate amounts due and payable on such Securities and Coupons for
principal and any premium, interest and Additional Amounts, respectively; 
 THIRD: The balance, if any, to the Person or
Persons entitled thereto or as a court of competent jurisdiction may direct. 
 Section 5.7. Limitations on Suits. 

No Holder of any Security of any series or any Coupons appertaining thereto shall have any right to institute any proceeding, judicial or
otherwise, with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless 

(1) such Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to the
Securities of such series; 

  
 46 

 (2) the Holders of not less than 25% in principal amount of the Outstanding
Securities of such series shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 

(3) such Holder or Holders have offered to the Trustee such indemnity as is reasonably satisfactory to it against the costs,
expenses and liabilities to be incurred in compliance with such request; 
 (4) the Trustee for 60 days after its receipt of
such notice, request and offer of indemnity has failed to institute any such proceeding; and 
 (5) no direction inconsistent
with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in principal amount of the Outstanding Securities of such series; 

it being understood and intended that no one or more of such Holders shall have any right in any manner whatever by virtue of or by availing of, any provision
of this Indenture or any Security to affect, disturb or prejudice the rights of any other such Holders or Holders of Securities of any other series, or to obtain or to seek to obtain priority or preference over any other Holders or to enforce any
right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all such Holders. 

Section 5.8. Unconditional Right of Holders to Receive Principal and any Premium, Interest and Additional Amounts. 

Notwithstanding any other provision in this Indenture, the Holder of any Security or Coupon shall have the right, which is absolute and
unconditional, to receive payment of the principal of, any premium and (subject to Sections 3.5 and 3.7) interest on, and any Additional Amounts with respect to such Security or payment of such Coupon, as the case may be, on the respective Stated
Maturity or Maturities therefor specified in such Security or Coupon (or, in the case of redemption, on the Redemption Date or, in the case of repayment at the option of such Holder if provided in or pursuant to this Indenture, on the date such
repayment is due) and to institute suit for the enforcement of any such payment, and such right shall not be impaired without the consent of such Holder. 

Section 5.9. Restoration of Rights and Remedies. 

If the Trustee or any Holder of a Security or a Coupon has instituted any proceeding to enforce any right or remedy under this Indenture and
such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case the Company, the Trustee and each such Holder shall, subject to any determination in
such proceeding, be restored severally and respectively to their former positions hereunder, and thereafter all rights and remedies of the Trustee and each such Holder shall continue as though no such proceeding had been instituted. 

  
 47 

 Section 5.10. Rights and Remedies Cumulative. 

Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities or Coupons in the
last paragraph of Section 3.6, no right or remedy herein conferred upon or reserved to the Trustee or to each and every Holder of a Security or a Coupon is intended to be exclusive of any other right or remedy, and every right and remedy, to
the extent permitted by law, shall be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or
otherwise, shall not, to the extent permitted by law, prevent the concurrent assertion or employment of any other appropriate right or remedy. 

Section 5.11. Delay or Omission Not Waiver. 

No delay or omission of the Trustee or of any Holder of any Security or Coupon to exercise any right or remedy accruing upon any Event of
Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee or to any Holder of a Security or a Coupon may be
exercised from time to time, and as often as may be deemed expedient, by the Trustee or by such Holder, as the case may be. 

Section 5.12. Control by Holders of Securities. 

The Holders of a majority in principal amount of the Outstanding Securities of any series shall have the right to direct the time, method and
place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee with respect to the Securities of such series and any Coupons appertaining thereto, provided that 

(1) such direction shall not be in conflict with any rule of law or with this Indenture or with the Securities of such series,

 (2) the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction, and

 (3) such direction is not unduly prejudicial to the rights of the other Holders of Securities of such series not joining
in such action or that may involve the Trustee in personal liability. 
 Section 5.13. Waiver of Past Defaults. 

The Holders of not less than a majority in principal amount of the Outstanding Securities of any series on behalf of the Holders of all the
Securities of such series and any Coupons appertaining thereto may waive any past default hereunder with respect to such series and its consequences, except a default 

(1) in the payment of the principal of, any premium or interest on, or any Additional Amounts with respect to, any Security of
such series or any Coupons appertaining thereto, or 

  
 48 

 (2) in respect of a covenant or provision hereof which under Article Nine cannot
be modified or amended without the consent of the Holder of each Outstanding Security of such series affected. 
 The Company may, but shall
not be obligated to, fix a record date for the purpose of determining the Persons entitled to waive any past default hereunder. If a record date is fixed, the Holders on such record date, or their duly designated proxies, and only such Persons,
shall be entitled to waive any default hereunder, or to retract (prior to the requisite percentage for such waiver to become effective having been obtained) any such waiver previously given, whether or not such Holders remain Holders after such
record date; provided, that such waiver shall be effected no later than the 90th day after such record date. 
 Upon any such waiver,
such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair any right consequent
thereon. 
 Section 5.14. Waiver of Stay or Extension Laws. 

The Company covenants that (to the extent that it may lawfully do so) it will not at any time insist upon, or plead, or in any manner
whatsoever claim or take the benefit or advantage of, any stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture; and the Company expressly waives (to the
extent that it may lawfully do so) all benefit or advantage of any such law and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power
as though no such law had been enacted. 
 Section 5.15. Undertaking for Costs. 

All parties to this Indenture agree, and each Holder of any Security by his acceptance thereof shall be deemed to have agreed, that any court
may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken or omitted by it as Trustee, the filing by any party litigant in such suit of any
undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in such suit having due regard to the merits and good faith of the
claims or defenses made by such party litigant; but the provisions of this Section 5.15 shall not apply to any suit instituted by the Trustee, to any suit instituted by any Holder, or group of Holders, holding in the aggregate more than 10% in
principal amount of Outstanding Securities of any series, or to any suit instituted by any Holder for the enforcement of the payment of the principal of (or premium, if any) or interest, if any, on or Additional Amounts, if any, with respect to any
Security on or after the respective Stated Maturities expressed in such Security (or, in the case of redemption, on or after the Redemption Date, and, in the case of repayment, on or after the date for repayment) or for the enforcement of the right,
if any, to convert or exchange any Security into Common Stock or other securities in accordance with its terms. 

  
 49 

 ARTICLE 6 

THE TRUSTEE 

Section 6.1. Certain Rights of Trustee. 

Subject to Sections 315(a) through 315(d) of the Trust Indenture Act: 

(1) the Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no
implied covenants or obligations shall be read into this Indenture against the Trustee and during the existence of any Event of Default (which has not been cured), the Trustee shall exercise the rights, duties and powers vested in it by this
Indenture with the same degree of care and skill in their exercise as a prudent person would exercise under the circumstances in the conduct of their own affairs; 

(2) the Trustee may conclusively rely and shall be fully protected in acting or refraining from acting upon any resolution,
certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, coupon or other paper or document reasonably believed by it to be genuine and to have been signed or presented by the proper
party or parties; 
 (3) in case an Event of Default has occurred and is continuing, the Trustee shall exercise such of the
rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise as a prudent man would exercise or use under the circumstances in the conduct of his own affairs; 

(4) any request or direction of the Company mentioned herein shall be sufficiently evidenced by a Company Request or a Company
Order (in each case, other than delivery of any Security, together with any Coupons appertaining thereto, to the Trustee for authentication and delivery pursuant to Section 3.3 which shall be sufficiently evidenced as provided therein) and any
resolution of the Board of Directors may be sufficiently evidenced by a Board Resolution;(5) whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or
omitting any action hereunder, the Trustee (unless other evidence shall be herein specifically prescribed) may, in the absence of negligence, willful misconduct and bad faith on its part, conclusively rely upon an Officers’ Certificate, or an
Opinion of Counsel, or both; 
 (6) the Trustee may consult with counsel and the written advice of such counsel or any
Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in the absence of negligence, willful misconduct and bad faith on its part and in reliance thereon; 

  
 50 

 (7) the Trustee shall be under no obligation to exercise any of the rights or
powers vested in it by or pursuant to this Indenture at the request or direction of any of the Holders of Securities of any series or any Coupons appertaining thereto pursuant to this Indenture, unless such Holders shall have offered to the Trustee
such security or indemnity as is reasonably satisfactory to it against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction; 

(8) the Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate,
statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, coupon or other paper or document, or as to the Company’s performance or compliance with any covenant or under any agreement, but the Trustee,
may but shall not be obligated to make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine, during
business hours and upon reasonable notice, the books, records and premises of the Company, personally or by agent or attorney; 

(9) the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or
through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder; 

(10) the Trustee shall not be liable for any action taken or error of judgment made in good faith by a Responsible Officer or
Responsible Officers of the Trustee, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts, acted in bad faith or engaged in willful misconduct; 

(11) any Authenticating Agent, Paying Agent, and Security Registrar shall have the same protections as the Trustee set forth
hereunder; 
 (12) the Trustee shall not be liable with respect to any action taken, suffered or omitted to be taken by it in
good faith in accordance with an Act of the Holders hereunder, and, to the extent not so provided herein, with respect to any act requiring the Trustee to exercise its own discretion, relating to the time, method and place of conducting any
proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture or any Securities, unless it shall be proved that, in connection with any such action taken, suffered or omitted or
any such act, the Trustee was negligent, acted in bad faith or engaged in willful misconduct; 
 (13) the Trustee shall not
be liable for any action it takes or omits to take which it in good faith believes to be authorized or within its powers; provided that the Trustee’s conduct does not constitute willful misconduct or negligence; 

(14) the Trustee shall not be responsible or liable for special, punitive, indirect or consequential loss or damages, including
but not limited to lost profits, irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action arising in connection with the Indenture; 

  
 51 

 (15) no provision of this Indenture shall require the Trustee to expend or risk
its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if repayment of such funds or adequate indemnity against such risk or liability is not
assured to its satisfaction; 
 (16) the Trustee shall not be deemed to have notice of any Default or Event of Default unless
a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a Default is received by the Trustee at the Corporate Trust Office, and such notice references the applicable Securities
and this Indenture; 
 (17) the Trustee shall not be required to give any bond or surety in respect of the execution of the
trusts and powers or otherwise in respect of the Indenture; 
 (18) in accepting the trust hereby created, the Trustee acts
solely as Trustee under this Indenture, and not in its individual capacity, and all persons, including, without limitation, the owners of the Securities and the Company having any claim against the Trustee arising from the Indenture shall look only
to the funds and accounts held by the Trustee thereunder for payment except as otherwise provided herein; and 
 (19) the
Company shall be responsible for making calculations called for under the Securities, including but not limited to determination of the applicable redemption price, premium, if any, Additional Amounts or other amounts payable on the Securities. The
Company will make the calculations in good faith and, absent manifest error, its calculations will be final and binding on the Holders. The Company will, upon request by the Trustee, provide a schedule of its calculations to the Trustee, and the
Trustee is entitled to rely conclusively on the accuracy of the Company’s calculations without independent verification. 

Section 6.2. Notice of Defaults. 

Within 90 days after the occurrence of any default hereunder with respect to the Securities of any series, the Trustee shall deliver to all
Holders of Securities of such series notice of such default hereunder actually known to a Responsible Officer of the Trustee, unless such default shall have been cured or waived; provided, however, that, except in the case of a default in the
payment of the principal of (or premium, if any), or interest, if any, on, or Additional Amounts or any sinking fund or purchase fund installment with respect to, any Security of such series, the Trustee shall be protected in withholding such notice
if the Trustee in good faith determines that the withholding of such notice is in the best interest of the Holders of Securities and Coupons of such series; and provided, further, that in the case of any default of the character specified in
Section 5.1(4) with respect to Securities of such series, no such notice to Holders shall be given until at least 90 days after the occurrence thereof. For the purpose of this Section, the term “default” means any event which is, or
after notice or lapse of time or both would become, an Event of Default with respect to Securities of such series. 

  
 52 

 Section 6.3. Not Responsible for Recitals or Issuance of Securities. 

The recitals contained herein and in the Securities, except the Trustee’s certificate of authentication, and in any Coupons shall be
taken as the statements of the Company and neither the Trustee nor any Authenticating Agent assumes any responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the
Securities, except that the Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate the Securities and perform its obligations hereunder and that the statements made by it in a Statement of Eligibility on
Form T-1 supplied to the Company are true and accurate, subject to the qualifications set forth therein. Neither the Trustee nor any Authenticating Agent shall be accountable for the use or application by the Company of the Securities or the
proceeds thereof. 
 Section 6.4. May Hold Securities. 

The Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar or any other Person that may be an agent of the Trustee or the
Company, in its individual or any other capacity, may become the owner or pledgee of Securities or Coupons and, subject to Sections 310(b) and 311 of the Trust Indenture Act, may otherwise deal with the Company with the same rights it would have if
it were not the Trustee, Authenticating Agent, Paying Agent, Security Registrar or such other Person. 
 Section 6.5. Money Held in
Trust. 
 Except as provided in Section 4.3 and Section 10.3, money held by the Trustee in trust hereunder need not be
segregated from other funds except to the extent required by law and shall be held uninvested. The Trustee shall be under no liability for interest on any money received by it hereunder except as otherwise agreed to in writing with the Company. 

Section 6.6. Compensation and Reimbursement. 

The Company agrees: 

(1) to pay to the Trustee from time to time reasonable compensation for all services rendered by the Trustee hereunder (which
compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust); 

(2) except as otherwise expressly provided herein, to reimburse the Trustee upon its request for all reasonable expenses,
disbursements and advances incurred or made by the Trustee in accordance with any provision of this Indenture or arising out of or in connection with the acceptance or administration of the trust or trusts hereunder (including the reasonable
compensation and the expenses and disbursements of its agents and counsel), except any such expense, disbursement or advance as are attributable to the Trustee’s negligence, willful misconduct or bad faith; and 

(3) to indemnify the Trustee (acting in any capacity hereunder) and its agents, officers, directors and employees for, and to
hold them harmless against, any loss, liability or expense incurred without negligence, willful misconduct or bad faith on their 

  
 53 

 
part, arising out of or in connection with the acceptance or administration of the trust or trusts hereunder, including the costs and expenses of defending themselves against any claim or
liability in connection with the exercise or performance of any of their powers or duties hereunder or in connection with the transactions contemplated hereunder, except to the extent attributable to the Trustee’s negligence, willful misconduct
or bad faith. 
 As security for the performance of the obligations of the Company under this Section, the Trustee shall have a lien prior
to the Securities of any series upon all property and funds held or collected by the Trustee as such, except funds held in trust for the payment of principal of, and premium or interest on or any Additional Amounts with respect to particular
Securities or any Coupons appertaining thereto. 
 To the extent permitted by law, any compensation or expense incurred by the Trustee after
a default specified in or pursuant to Section 5.1 is intended to constitute an expense of administration under any then applicable bankruptcy or insolvency law. “Trustee” for purposes of this Section 6.6 shall include any
predecessor Trustee but the negligence, willful misconduct or bad faith of any Trustee shall not affect the rights of any other Trustee under this Section 6.6. 

The provisions of this Section 6.6 shall survive the satisfaction and discharge of this Indenture or the earlier resignation or removal
of the Trustee and shall apply with equal force and effect to the Trustee in its capacity as Authenticating Agent, Paying Agent or Security Registrar and any other Person acting in such capacities. 

Section 6.7. Corporate Trustee Required; Eligibility. 

There shall at all times be a Trustee hereunder that is a Corporation organized and doing business under the laws of the United States, any
state thereof or the District of Columbia, that is eligible and satisfies the requirements under Section 310(a)(1), (2) and (5) of the Trust Indenture Act to act as trustee under an indenture qualified under the Trust Indenture Act
and that has a combined capital and surplus (computed in accordance with Section 310(a)(2) of the Trust Indenture Act) of at least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the
requirements of its supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of
condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article. 

Section 6.8. Resignation and Removal; Appointment of Successor. 

(1) No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become
effective until the acceptance of appointment by the successor Trustee pursuant to Section 6.9. 
 (2) The Trustee may
resign at any time with respect to the Securities of one or more series by giving written notice thereof to the Company. If the instrument of acceptance by a successor Trustee required by Section 6.9 shall not have been delivered

  
 54 

 
to the Trustee within 30 days after the giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction at the expense of the Company for the
appointment of a successor Trustee with respect to such series. 
 (3) The Trustee may be removed at any time with respect to
the Securities of any series by Act of the Holders of a majority in principal amount of the Outstanding Securities of such series, delivered to the Trustee and the Company. 

(4) If at any time: 

(a) the Trustee shall fail to comply with the obligations imposed upon it under Section 310(b) of the Trust Indenture Act
with respect to Securities of any series after written request therefor by the Company or any Holder of a Security of such series who has been a bona fide Holder of a Security of such series for at least six months, or 

(b) the Trustee shall cease to be eligible under Section 6.7 and shall fail to resign after written request therefor by
the Company or any such Holder, or 
 (c) the Trustee shall become incapable of acting or shall be adjudged a bankrupt or
insolvent or a receiver of the Trustee or of its property shall be appointed or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, 

then, in any such case, (i) the Company, by or pursuant to a Board Resolution, may remove the Trustee with respect to all Securities or the Securities of
such series, or (ii) subject to Section 315(e) of the Trust Indenture Act, any Holder of a Security who has been a bona fide Holder of a Security of such series for at least six months may, on behalf of himself and all others similarly
situated, petition any court of competent jurisdiction for the removal of the Trustee with respect to all Securities of such series and the appointment of a successor Trustee or Trustees. 

(5) If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of Trustee
for any cause, with respect to the Securities of one or more series, the Company, by or pursuant to a Board Resolution, shall promptly appoint a successor Trustee or Trustees with respect to the Securities of such series (it being understood that
any such successor Trustee may be appointed with respect to the Securities of one or more or all of such series and that at any time there shall be only one Trustee with respect to the Securities of any particular series) and shall comply with the
applicable requirements of Section 6.9. If, within one year after such resignation, removal or incapacity, or the occurrence of such vacancy, a successor Trustee with respect to the Securities of any series shall be appointed by Act of the
Holders of a majority in principal amount of the Outstanding Securities of such series delivered to the Company and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment in accordance with
the applicable requirements of Section 6.9, become the successor Trustee with respect to the Securities of such series and to that extent supersede the successor Trustee appointed by the Company. If no successor

  
 55 

 
Trustee with respect to the Securities of any series shall have been so appointed by the Company or the Holders of Securities and accepted appointment in the manner required by Section 6.9,
any Holder of a Security who has been a bona fide Holder of a Security of such series for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a
successor Trustee with respect to the Securities of such series. 
 (6) The Company shall give notice of each resignation and
each removal of the Trustee with respect to the Securities of any series and each appointment of a successor Trustee with respect to the Securities of any series by mailing written notice of such event by first-class mail, postage prepaid, or
delivering such notice electronically if held by any Depositary in accordance with such Depositary’s customary procedures, to the Holders of Registered Securities, if any, of such series as their names and addresses appear in the Security
Register and, if Securities of such series are issued as Bearer Securities, by publishing notice of such event once in an Authorized Newspaper in each Place of Payment located outside the United States. Each notice shall include the name of the
successor Trustee with respect to the Securities of such series and the address of its Corporate Trust Office. 
 (7) In no
event shall any retiring or removed Trustee be liable for the acts or omissions of any successor Trustee hereunder. 
 Section 6.9.
Acceptance of Appointment by Successor. 
 (1) Upon the appointment hereunder of any successor Trustee with respect to
all Securities, such successor Trustee so appointed shall execute, acknowledge and deliver to the Company and the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall
become effective and such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties hereunder of the retiring Trustee; but, on the request of the Company or such successor
Trustee, such retiring Trustee, upon payment of its charges, shall execute and deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee and, subject to Section 10.3, shall duly
assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder, subject nevertheless to its claim, if any, provided for in Section 6.6. 

(2) Upon the appointment hereunder of any successor Trustee with respect to the Securities of one or more (but not all) series,
the Company, the retiring Trustee and such successor Trustee shall execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such appointment and which (1) shall contain such provisions as shall be
necessary or desirable to transfer and confirm to, and to vest in, such successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such
successor Trustee relates, (2) if the retiring Trustee is not retiring with respect to all Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the
retiring Trustee with respect to 

  
 56 

 
the Securities of that or those series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and (3) shall add to or change any of the
provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such
Trustees co-trustees of the same trust, that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee and that no Trustee shall be responsible for
any notice given to, or received by, or any act or failure to act on the part of any other Trustee hereunder, and, upon the execution and delivery of such supplemental indenture, the resignation or removal of the retiring Trustee shall become
effective to the extent provided therein, such retiring Trustee shall have no further responsibility for the exercise of rights and powers or for the performance of the duties and obligations vested in the Trustee under this Indenture with respect
to the Securities of that or those series to which the appointment of such successor Trustee relates other than as hereinafter expressly set forth, and such successor Trustee, without any further act, deed or conveyance, shall become vested with all
the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates; but, on request of the Company or such successor Trustee, such retiring
Trustee, upon payment of its charges with respect to the Securities of that or those series to which the appointment of such successor Trustee relates and subject to Section 10.3 shall duly assign, transfer and deliver to such successor
Trustee, to the extent contemplated by such supplemental indenture, the property and money held by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment of such successor Trustee relates,
subject to its claim, if any, provided for in Section 6.6. 
 (3) Upon request of any Person appointed hereunder as a
successor Trustee, the Company shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Trustee all such rights, powers and trusts referred to in paragraph (1) or (2) of this Section,
as the case may be. 
 (4) No Person shall accept its appointment hereunder as a successor Trustee unless at the time of such
acceptance such successor Person shall be qualified and eligible under this Article. 
 Section 6.10. Merger, Conversion,
Consolidation or Succession to Business. 
 Any Corporation into which the Trustee may be merged or converted or with which it may be
consolidated, or any Corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any Corporation succeeding to all or substantially all of the corporate trust business of the Trustee, shall be the
successor of the Trustee hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case any Securities shall have been authenticated but not delivered by the Trustee then in office, any
successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities so authenticated with the same effect as if such successor Trustee had itself authenticated such Securities.

  
 57 

 Section 6.11. Appointment of Authenticating Agent. 

The Trustee may appoint one or more Authenticating Agents acceptable to the Company with respect to one or more series of Securities which
shall be authorized to act on behalf of the Trustee to authenticate Securities of that or those series issued upon original issue, exchange, registration of transfer, partial redemption or partial repayment or pursuant to Section 3.6, and
Securities so authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Wherever reference is made in this Indenture to the authentication and
delivery of Securities by the Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent and a certificate of authentication
executed on behalf of the Trustee by an Authenticating Agent. 
 Each Authenticating Agent must be acceptable to the Company and, except as
provided in or pursuant to this Indenture, shall at all times be a corporation that would be permitted by the Trust Indenture Act to act as trustee under an indenture qualified under the Trust Indenture Act, is authorized under applicable law and by
its charter to act as an Authenticating Agent and has a combined capital and surplus (computed in accordance with Section 310(a)(2) of the Trust Indenture Act) of at least $50,000,000. If at any time an Authenticating Agent shall cease to be
eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect specified in this Section. 

Any Corporation into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any Corporation
resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any Corporation succeeding to all or substantially all of the corporate agency or corporate trust business of an Authenticating Agent,
shall be the successor of such Authenticating Agent hereunder, provided such Corporation shall be otherwise eligible to be an Authenticating Agent under this Section, without the execution or filing of any paper or any further act on the part
of the Trustee or the Authenticating Agent. 
 An Authenticating Agent may resign at any time by giving written notice thereof to the
Trustee and the Company. The Trustee may at any time terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and the Company. Upon receiving such a notice of resignation or upon such a
termination, or in case at any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee may appoint a successor Authenticating Agent which shall be acceptable to the Company and shall
(i) mail written notice of such appointment by first-class mail, postage prepaid, or deliver notice electronically if held by any Depositary in accordance with such Depositary’s customary procedures, to all Holders of Registered
Securities, if any, of the series with respect to which such Authenticating Agent shall serve, as their names and addresses appear in the Security Register, and (ii) if Securities of the series are issued as Bearer Securities, publish notice of
such appointment at least once in an Authorized Newspaper in the place where such successor Authenticating Agent has its principal office if such office is located outside the United States. Any successor Authenticating Agent, upon acceptance of its
appointment hereunder, shall become vested with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No successor Authenticating Agent shall be appointed unless eligible
under the provisions of this Section. 

  
 58 

 The Company agrees to pay each Authenticating Agent from time to time reasonable compensation for
its services under this Section. If the Trustee makes such payments, it shall be entitled to be reimbursed for such payments, subject to the provisions of Section 6.6. 

The provisions of Sections 3.8, 6.3 and 6.4 shall be applicable to each Authenticating Agent. 

If an Authenticating Agent is appointed with respect to one or more series of Securities pursuant to this Section, the Securities of such
series may have endorsed thereon, in addition to or in lieu of the Trustee’s certificate of authentication, an alternate certificate of authentication in substantially the following form: 

This is one of the Securities of the series designated herein referred to in the within-mentioned Indenture. 

****** 
  

			
	[NAME OF TRUSTEE],
	      as Trustee
		
	By:	 	  

		 	as Authenticating Agent
		
	By:	 	  

		 	Authorized Signatory

 If all of the Securities of any series may not be originally issued at one time, and if the Trustee does
not have an office capable of authenticating Securities upon original issuance located in a Place of Payment where the Company wishes to have Securities of such series authenticated upon original issuance, the Trustee, if so requested in writing by
the Company (which writing need not be accompanied by or contained in an Officers’ Certificate by the Company), shall appoint in accordance with this Section an Authenticating Agent having an office in a Place of Payment designated by the
Company with respect to such series of Securities. 
 ARTICLE 7 

HOLDERS LISTS AND REPORTS BY
TRUSTEE AND COMPANY 
 Section 7.1. Company to Furnish Trustee Names
and Addresses of Holders. 
 In accordance with Section 312(a) of the Trust Indenture Act, the Company shall furnish, or cause the
Security Registrar to furnish, to the Trustee 

  
 59 

 (1) semi-annually with respect to Securities of each series not later than
December 1st and June 1st of the year or upon such other dates as are set forth in or pursuant to the Board Resolution or indenture supplemental hereto authorizing such series, a list, in each case in such form as the Trustee may
reasonably require, of the names and addresses of Holders of Securities of such series as of the applicable date, and 
 (2)
at such other times as the Trustee may request in writing, within 30 days after the receipt by the Company of any such request, a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished, 

provided, however, that so long as the Trustee is the Security Registrar no such list shall be required to be furnished. 

Section 7.2. Preservation of Information; Communications to Holders. 

The Trustee shall comply with the obligations imposed upon it pursuant to Section 312 of the Trust Indenture Act. 

Every Holder of Securities or Coupons, by receiving and holding the same, agrees with the Company and the Trustee that neither the Company,
the Trustee, any Paying Agent or any Security Registrar shall be held accountable by reason of the disclosure of any such information as to the names and addresses of the Holders of Securities in accordance with Section 312(c) of the Trust
Indenture Act, regardless of the source from which such information was derived, and that the Trustee shall not be held accountable by reason of mailing any material pursuant to a request made under Section 312(b) of the Trust Indenture Act.

 Section 7.3. Reports by Trustee. 

(1) Within 60 days after May 15th of each year commencing with the first May 15th following the first issuance of
Securities pursuant to Section 3.1, if required by Section 313(a) of the Trust Indenture Act, the Trustee shall transmit, pursuant to Section 313(c) of the Trust Indenture Act, a brief report dated as of such May 15th with
respect to any of the events specified in said Section 313(a) which may have occurred since the later of the immediately preceding May 15th and the date of this Indenture. 

(2) The Trustee shall transmit the reports required by Section 313(b) of the Trust Indenture Act at the times specified
therein. 
 (3) Reports pursuant to this Section shall be transmitted in the manner and to the Persons required by Sections
313(c) and 313(d) of the Trust Indenture Act. 
 Section 7.4. Reports by Company. 

So long as the Securities of any series are outstanding, the Company will file with the Trustee such information, documents and other reports
as may be required to comply with the provisions of Section 314(a) of the Trust Indenture Act; provided that any such information, documents or reports filed or furnished with the Commission pursuant to its Electronic Data Gathering,
Analysis and Retrieval (or EDGAR) system shall be deemed to be filed with the 

  
 60 

 
Trustee and Holders as of the time such information, documents or reports are filed or furnished via EDGAR; provided further, that (i) any failure of the Company to comply with
this Section 7.4 shall not constitute a Default or an Event of Default until such failure by the Company has continued for a period of 240 days and (ii) only the Trustee may, upon direction from the Holders pursuant to this Indenture,
institute a legal proceeding against the Company to enforce such delivery obligation. 
 Delivery of such information, documents and reports
to the Trustee is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s
compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates). The Trustee shall have no liability or responsibility for the timeliness, filing or content of any report
hereunder. 
 ARTICLE 8 

CONSOLIDATION, AMALGAMATION, MERGER AND SALES

 Section 8.1. Company May Consolidate, Etc., Only on Certain Terms. 

The Company shall not consolidate or amalgamate with or merge into any other Person (whether or not affiliated with the Company), or convey,
transfer or lease its properties and assets as an entirety or substantially as an entirety to any other Person (whether or not affiliated with the Company), unless: 

(1) in case the Company shall consolidate or amalgamate with or merge into any other Person (whether or not affiliated with the
Company) or convey, transfer or lease its properties and assets as an entirety or substantially as an entirety to any other Person (whether or not affiliated with the Company), the Person formed by such consolidation or amalgamation or into which
the Company is merged or the Person which acquires by conveyance or transfer, or which leases, the properties and assets of the Company as an entirety or substantially as an entirety shall be a Person organized and existing under the laws of the
United States, any state thereof or the District of Columbia, and shall expressly assume, by an indenture supplemental hereto satisfactory in form to the Trustee, executed by the successor Person and delivered to the Trustee, the due and punctual
payment of the principal of, and premium, if any, and interest on, and any Additional Amounts, if any, with respect to all the Securities, and the performance of the Company’s obligations under this Indenture and the Outstanding Securities and
shall provide for conversion or exchange rights in accordance with the provisions of the Securities of any series that are convertible or exchangeable into Common Stock or other securities; 

(2) immediately after giving effect to such transaction and treating any indebtedness which becomes an obligation of the
Company or its Subsidiary as a result of such transaction as having been incurred by the Company or such Subsidiary at the time of such transaction, no Event of Default and no event which, after notice or lapse of time, or both, would become an
Event of Default, shall have occurred and be continuing; and 

  
 61 

 (3) either the Company or the successor Person shall have delivered to the
Trustee an Officers’ Certificate and an Opinion of Counsel, each satisfactory to the Trustee and stating that such transaction and, if a supplemental indenture is required in connection with such transaction, such supplemental indenture, comply
with this Article and that all conditions precedent herein provided for relating to such transaction have been complied with. 

Notwithstanding the foregoing, (i) any conveyance, transfer or lease of assets between or among the Company and its Subsidiaries or
(ii) any consolidation, amalgamation or merger of the Company’s Subsidiaries with or into the Company, shall not be prohibited under this Indenture. 

Section 8.2. Successor Person Substituted for Company. 

Upon any consolidation or amalgamation by the Company with or merger of the Company into any other Person or any conveyance, transfer or lease
of the properties and assets of the Company substantially as an entirety to any Person in accordance with Section 8.1, the successor Person formed by such consolidation or amalgamation or into which the Company is merged or to which such
conveyance, transfer or lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor Person had been named as the Company herein; and
thereafter, except in the case of a lease, the predecessor Person shall be released from all obligations and covenants under this Indenture, the Securities and the Coupons. 

ARTICLE 9 

SUPPLEMENTAL INDENTURES 

Section 9.1. Supplemental Indentures without Consent of Holders. 

Without the consent of any Holders of Securities or Coupons, the Company (when authorized by or pursuant to a Board Resolution) and the
Trustee, at any time and from time to time, may enter into one or more indentures supplemental hereto, for any of the following purposes: 

(1) to evidence the succession of another Person to the Company, and the assumption by any such successor of the covenants of
the Company contained herein and in the Securities; or 
 (2) to add to the covenants of the Company for the benefit of the
Holders of all or any series of Securities (as shall be specified in such supplemental indenture or indentures) or to surrender any right or power herein conferred upon the Company with respect to all or any series of Securities; or 

(3) to add to or change any of the provisions of this Indenture to provide that Bearer Securities may be registrable as to
principal, to change or eliminate any restrictions on the payment of principal of, any premium or interest on or any Additional 

  
 62 

 
Amounts with respect to Securities, to permit Bearer Securities to be issued in exchange for Registered Securities, to permit Bearer Securities to be exchanged for Bearer Securities of other
authorized denominations or to permit or facilitate the issuance of Securities in uncertificated or global form, provided any such action shall not adversely affect the interests of the Holders of Outstanding Securities of any series or any
Coupons appertaining thereto in any material respect; or 
 (4) to establish the form or terms of Securities of any series
and any Coupons appertaining thereto as permitted by Sections 2.1 and 3.1; or 
 (5) to evidence and provide for the
acceptance of appointment hereunder by a successor Trustee with respect to the Securities of one or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of
the trusts hereunder by more than one Trustee, pursuant to the requirements of Section 6.9; or 
 (6) to cure any
ambiguity or to correct or supplement any provision herein which may be defective or inconsistent with any other provision herein, or to make any other provisions with respect to matters or questions arising under this Indenture which shall not
adversely affect the interests of the Holders of Securities of each applicable series then Outstanding or any Coupons appertaining thereto in any material respect, provided that any amendment made solely to conform the provisions of this
Indenture to the corresponding description of the Securities contained in the applicable prospectus, prospectus supplement or other offering document shall be deemed to not adversely affect the interests of the Holders; or 

(7) to add to, delete from or revise the conditions, limitations and restrictions on the authorized amount, terms or purposes
of issue, authentication and delivery of Securities, as herein set forth; or 
 (8) to add any additional Events of Default
with respect to all or any series of Securities (as shall be specified in such supplemental indenture); or 
 (9) to
supplement any of the provisions of this Indenture to such extent as shall be necessary to permit or facilitate the defeasance and/or discharge of any series of Securities pursuant to Article Four, provided that any such action shall not
adversely affect the interests of any Holder of an Outstanding Security of such series and any Coupons appertaining thereto or any other Outstanding Security or Coupon in any material respect; or 

(10) to secure the Securities pursuant to Section 10.5 or otherwise; or 

(11) to make provisions with respect to conversion or exchange rights of Holders of Securities of any series; or 

(12) to amend or supplement any provision contained herein or in any supplemental indenture, provided that no such
amendment or supplement shall materially adversely affect the interests of the Holders of Securities of each applicable series then Outstanding; or 

  
 63 

 (13) to add a guarantee with respect to the Securities of any series; or 

(14) to release a guarantee with respect to the Securities of any series as permitted under this Indenture and any applicable
guarantee; or 
 (15) to comply with any requirement of the Commission in connection with qualifying, or maintaining the
qualification of, this Indenture under the Trust Indenture Act. 
 Section 9.2. Supplemental Indentures with Consent of Holders.

 With the consent of the Holders of not less than a majority in principal amount of the Outstanding Securities of each series affected by
such supplemental indenture, by Act of said Holders delivered to the Company and the Trustee, the Company (when authorized by or pursuant to a Board Resolution) and the Trustee may enter into an indenture or indentures supplemental hereto for the
purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of modifying or waiving in any manner the rights of the Holders of Securities of such series under this Indenture or of the
Securities of such series; provided, however, that no such supplemental indenture, without the consent of the Holder of each Outstanding Security affected thereby, shall 

(1) change the Stated Maturity of the principal of, or any premium or installment of interest on or any Additional Amounts with
respect to, any Security; or reduce the principal amount thereof or the rate (or modify the calculation of such rate in a manner that may reduce such rate) of interest thereon or any Additional Amounts with respect thereto, or any premium payable
upon the redemption thereof or otherwise; or change the obligation of the Company to pay Additional Amounts pursuant to Section 10.4 (except as contemplated by Section 8.1(1) and permitted by Section 9.1(1)), or reduce the amount of
the principal of an Original Issue Discount Security that would be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 5.2 or the amount thereof provable in bankruptcy pursuant to Section 5.4,
change the redemption provisions, or change the Place of Payment or Currency in which the principal of, any premium or interest on, or any Additional Amounts with respect to any Security is payable; or impair the right to institute suit for the
enforcement of any such payment on or after the Stated Maturity thereof (or, in the case of redemption, on or after the Redemption Date or, in the case of repayment at the option of the Holder, on or after the date for repayment), or 

(2) reduce the percentage in principal amount of the Outstanding Securities of any series, the consent of whose Holders is
required for any such supplemental indenture, or the consent of whose Holders is required for any waiver (of compliance with certain provisions of this Indenture or certain defaults hereunder and their consequences) provided for in this Indenture,
or reduce the requirements of Section 15.4 for quorum or voting, or 

  
 64 

 (3) modify any of the provisions of Section 5.13 or Section 10.8,
except to increase any such percentage or to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Security affected thereby, or 

(4) make any change that adversely affects the right to convert or exchange any Security into or for Common Stock or other
securities in accordance with its terms, or 
 (5) modify any of the provisions in this Section 9.2. 

A supplemental indenture which changes or eliminates any covenant or other provision of this Indenture which shall have been included
expressly and solely for the benefit of one or more particular series of Securities, or which modifies the rights of the Holders of Securities of such series with respect to such covenant or other provision, shall be deemed not to affect the rights
under this Indenture of the Holders of Securities of any other series. 
 It shall not be necessary for any Act of Holders of Securities
under this Section to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve the substance thereof. 

Section 9.3. Execution of Supplemental Indentures. 

As a condition to executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the
modifications thereby of the trust created by this Indenture, the Trustee shall receive, and (subject to Section 315 of the Trust Indenture Act) shall be fully protected in relying upon, an Opinion of Counsel stating that such supplemental
indenture is authorized or permitted by this Indenture and that such supplemental indenture is the legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, subject to customary exceptions, and
complies with the provisions hereof, and an Officers’ Certificate stating that all conditions precedent to the execution of such supplemental indenture have been fulfilled. The Trustee may, but shall not be obligated to, enter into any such
supplemental indenture which affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. Any Supplemental Indenture executed by the Company must be signed by two Authorized Officers. 

Section 9.4. Effect of Supplemental Indentures. 

Upon the execution of any supplemental indenture under this Article, this Indenture shall be modified in accordance therewith, and such
supplemental indenture shall form a part of this Indenture for all purposes; and every Holder of a Security theretofore or thereafter authenticated and delivered hereunder and of any Coupon appertaining thereto shall be bound thereby. 

Section 9.5. Reference in Securities to Supplemental Indentures. 

Securities of any series authenticated and delivered after the execution of any supplemental indenture pursuant to this Article may, and shall
if required by the Trustee, bear a notation in form satisfactory to the Trustee as to any matter provided for in such supplemental 

  
 65 

 
indenture. If the Company shall so determine, new Securities of any series so modified as to conform, in the opinion of the Trustee and the Company, to any such supplemental indenture may be
prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for Outstanding Securities of such series. 

Section 9.6. Conformity with Trust Indenture Act. 

Every supplemental indenture executed pursuant to this Article shall conform to the requirements of the Trust Indenture Act as then in effect.

 ARTICLE 10 

COVENANTS 

Section 10.1. Payment of Principal, any Premium, Interest and Additional Amounts. 

The Company covenants and agrees for the benefit of the Holders of the Securities of each series that it will duly and punctually pay the
principal of, any premium and interest on and any Additional Amounts with respect to the Securities of such series in accordance with the terms thereof, any Coupons appertaining thereto and this Indenture. Any interest due on any Bearer Security on
or before the Maturity thereof, and any Additional Amounts payable with respect to such interest, shall be payable only upon presentation and surrender of the Coupons appertaining thereto for such interest as they severally mature. 

Section 10.2. Maintenance of Office or Agency. 

The Company shall maintain in each Place of Payment for any series of Securities an Office or Agency where Securities of such series (but not
Bearer Securities, except as otherwise provided below, unless such Place of Payment is located outside the United States) may be presented or surrendered for payment, where Securities of such series may be surrendered for registration of transfer or
exchange, where Securities of such series that are convertible or exchangeable may be surrendered for conversion or exchange, and where notices and demands to or upon the Company in respect of the Securities of such series relating thereto and this
Indenture may be served. If Securities of a series are issuable as Bearer Securities, the Company shall maintain, subject to any laws or regulations applicable thereto, an Office or Agency in a Place of Payment for such series which is located
outside the United States where Securities of such series and any Coupons appertaining thereto may be presented and surrendered for payment; provided, however, that if the Securities of such series are listed on The Stock Exchange of
the United Kingdom and the Republic of Ireland or the Luxembourg Stock Exchange or any other stock exchange located outside the United States and such stock exchange shall so require, the Company shall maintain a Paying Agent in London, Luxembourg
or any other required city located outside the United States, as the case may be, so long as the Securities of such series are listed on such exchange. The Company will give prompt written notice to the Trustee of the location, and any change in the
location, of such Office or Agency. If at any time the Company shall fail to maintain any such required Office or Agency or shall fail to furnish the 

  
 66 

 
Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, except that Bearer Securities of such
series and any Coupons appertaining thereto may be presented and surrendered for payment at the place specified for the purpose with respect to such Securities as provided in or pursuant to this Indenture, and the Company hereby appoints the Trustee
as its agent to receive all such presentations, surrenders, notices and demands. 
 Except as otherwise provided in or pursuant to this
Indenture, no payment of principal, premium, interest or Additional Amounts with respect to Bearer Securities shall be made at any Office or Agency in the United States or by check mailed to any address in the United States or by transfer to an
account maintained with a bank located in the United States; provided, however, if amounts owing with respect to any Bearer Securities shall be payable in Dollars, payment of principal of, any premium or interest on and any Additional Amounts
with respect to any such Security may be made at a designated Corporate Trust Office of the Trustee or any Office or Agency designated by the Company in the Borough of Manhattan, The City of New York, if (but only if) payment of the full amount of
such principal, premium, interest or Additional Amounts at all offices outside the United States maintained for such purpose by the Company in accordance with this Indenture is illegal or effectively precluded by exchange controls or other similar
restrictions. 
 The Company may also from time to time designate one or more other Offices or Agencies where the Securities of one or more
series may be presented or surrendered for any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligation to maintain
an Office or Agency in each Place of Payment for Securities of any series for such purposes. The Company shall give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other Office
or Agency. Unless otherwise provided in or pursuant to this Indenture, the Company hereby designates as the Place of Payment for each series of Securities Minneapolis, Minnesota, and initially appoints the office of the Trustee at Wells Fargo Bank,
National Association, Corporate Trust Operations, 608 Second Avenue South, N9303-121, Minneapolis, Minnesota 55479 as the Office or Agency for the purposes set forth in the first paragraph of this Section 10.2. 

Unless otherwise specified with respect to any Securities pursuant to Section 3.1, if and so long as the Securities of any series
(i) are denominated in a Foreign Currency or (ii) may be payable in a Foreign Currency, or so long as it is required under any other provision of this Indenture, then the Company will maintain with respect to each such series of
Securities, or as so required, at least one exchange rate agent. 
 Section 10.3. Money for Securities Payments to Be Held in Trust.

 If the Company shall at any time act as its own Paying Agent with respect to any series of Securities, it shall, on or before each due
date of the principal of, any premium or interest on or Additional Amounts with respect to any of the Securities of such series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum in the currency or currencies,
currency unit or units or composite currency or currencies in which the Securities of such series are payable (except as otherwise specified pursuant to Section 3.1 for the Securities 

  
 67 

 
of such series) sufficient to pay the principal or any premium, interest or Additional Amounts so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein
provided, and shall promptly notify the Trustee of its action or failure so to act. 
 Whenever the Company shall have one or more Paying
Agents for any series of Securities, it shall, on or prior to 11:00 a.m., New York City time (unless otherwise specified pursuant to Section 3.1 or in the Securities of such series) on each due date of the principal of, any premium or interest
on or any Additional Amounts with respect to any Securities of such series, deposit with any Paying Agent a sum (in the currency or currencies, currency unit or units or composite currency or currencies described in the preceding paragraph)
sufficient to pay the principal or any premium, interest or Additional Amounts so becoming due, such sum to be held in trust for the benefit of the Persons entitled thereto, and (unless such Paying Agent is the Trustee) the Company will promptly
notify the Trustee of its action or failure so to act. 
 Each Paying Agent for any series of Securities other than the Trustee or the
Company shall execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section that such Paying Agent shall: 

(1) hold all sums held by it for the payment of the principal of, any premium or interest on or any Additional Amounts with
respect to Securities of such series in trust for the benefit of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as provided in or pursuant to this Indenture; 

(2) give the Trustee notice of any default by the Company (or any other obligor upon the Securities of such series) in the
making of any payment of principal, any premium or interest on or any Additional Amounts with respect to the Securities of such series; and 

(3) at any time during the continuance of any such default, upon the written request of the Trustee, forthwith pay to the
Trustee all sums so held in trust by such Paying Agent. 
 The Company may at any time, for the purpose of obtaining the satisfaction and
discharge of this Indenture or for any other purpose, pay, or by Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held by the Trustee upon the same terms as
those upon which such sums were held by the Company or such Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such sums. 

Except as otherwise provided herein or pursuant hereto and subject to any applicable escheat and abandoned property laws, any money deposited
with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of, any premium or interest on or any Additional Amounts with respect to any Security of any series or any Coupon appertaining thereto and
remaining unclaimed for two years after such principal or any such premium or interest or any such Additional Amounts shall have become due and payable shall be paid to the Company on Company Request, or (if then held by the Company)

  
 68 

 
shall be discharged from such trust; and the Holder of such Security or any Coupon appertaining thereto shall thereafter, as an unsecured general creditor, look only to the Company for payment
thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being
required to make any such repayment, may at the expense of the Company cause to be published once, in an Authorized Newspaper in each Place of Payment for such series or to be mailed to Holders of Registered Securities of such series, or both,
notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such publication or mailing nor shall it be later than two years after such principal and any premium or
interest or Additional Amounts shall have become due and payable, any unclaimed balance of such money then remaining will be repaid to the Company. 

Section 10.4. Additional Amounts. 

If any Securities of a series provide for the payment of Additional Amounts, the Company agrees to pay to the Holder of any such Security or
any Coupon appertaining thereto Additional Amounts as provided in or pursuant to this Indenture or such Securities. Whenever in this Indenture there is mentioned, in any context, the payment of the principal of or any premium or interest on, or in
respect of, any Security of any series or any Coupon or the net proceeds received on the sale or exchange of any Security of any series, such mention shall be deemed to include mention of the payment of Additional Amounts provided by the terms of
such series established hereby or pursuant hereto to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof pursuant to such terms, and express mention of the payment of Additional Amounts (if
applicable) in any provision hereof shall not be construed as excluding the payment of Additional Amounts in those provisions hereof where such express mention is not made. 

Except as otherwise provided in or pursuant to this Indenture or the Securities of the applicable series, if the Securities of a series
provide for the payment of Additional Amounts, at least 10 days prior to the first Interest Payment Date with respect to such series of Securities (or if the Securities of such series shall not bear interest prior to Maturity, the first day on which
a payment of principal is made), and at least 10 days prior to each date of payment of principal or interest if there has been any change with respect to the matters set forth in the below-mentioned Officers’ Certificate, if the Company becomes
aware that it will be obligated to pay any Additional Amount the Company shall furnish to the Trustee and the principal Paying Agent or Paying Agents, if other than the Trustee, an Officers’ Certificate instructing the Trustee and such Paying
Agent or Paying Agents whether such payment of principal of and premium, if any, or interest on the Securities of such series shall be made to Holders of Securities of such series or the Coupons appertaining thereto who are United States Aliens
without withholding for or on account of any tax, assessment or other governmental charge described in the Securities of such series. If any such withholding shall be required, then such Officers’ Certificate shall specify by country the
amount, if any, required to be withheld on such payments to such Holders of Securities or Coupons, and the Company agrees to pay to the Trustee or such Paying Agent the Additional Amounts required by the terms of such Securities. The Company
covenants to indemnify the Trustee and any Paying Agent for, and to hold them harmless against, any loss, liability or expense reasonably incurred without negligence, willful misconduct or bad faith on their part arising out of or in connection with
actions taken or omitted by any of them in reliance on any Officers’ Certificate furnished pursuant to this Section. 

  
 69 

 Section 10.5. Limitation on Liens 

The Company agrees that it will not, and will not permit any Restricted Subsidiary to, create, incur, issue, assume or guarantee any
indebtedness for borrowed money (“Debt”), secured by a Mortgage upon any Operating Property owned by, or leased to, the Company or any of its Restricted Subsidiaries, or upon shares of capital stock or Debt issued by any Restricted
Subsidiary and owned by the Company or any Restricted Subsidiary, at the issue date of each applicable series of Outstanding Securities or thereafter acquired, without effectively providing concurrently that such Outstanding Securities hereunder
(together with, if the Company shall so determine, any other Debt of the Company or any Restricted Subsidiary then existing or thereafter created which is not subordinate in right of payment to such Outstanding Securities) shall be secured equally
and ratably with, or at the option of the Company, prior to such Debt so long as such Debt shall be so secured; provided, however, that this Section shall not apply to Debt secured by the following, and the Debt so secured shall be
excluded from any computation under the next succeeding paragraph below: 
 (1) Mortgages on property, assets (including,
without limitation, shares of capital stock) or Debt existing at the time of the acquisition thereof; 
 (2) Mortgages on
property, assets (including, without limitation, shares of capital stock) or Debt issued by any Restricted Subsidiary and owned by us or any Restricted Subsidiary) of a Corporation or other entity existing at the time such Corporation or other
entity is merged into or consolidated with the Company or a Restricted Subsidiary or within 365 days thereof or at the time of a sale, lease or other disposition of the properties of such Corporation or other entity (or a division of such
Corporation or other entity) as an entirety or substantially as an entirety to the Company or a Restricted Subsidiary or within 365 days thereof; 

(3) Mortgages on property, assets (including, without limitation, shares of capital stock) or Debt of a Corporation or other
entity existing at the time such Corporation or other entity becomes a Restricted Subsidiary; 
 (4) Mortgages in favor of
the Company or a Restricted Subsidiary; 
 (5) Mortgages to secure all or part of the cost of acquisition, construction,
development or improvement of the underlying property or assets (including, without limitation, shares of capital stock), or to secure Debt incurred to provide funds for any such purpose, provided that the commitment of the creditor to extend
the credit secured by any such Mortgage shall have been obtained not later than 365 days after the later of (A) the completion of the acquisition, construction, development or improvement of such property or assets or (B) the placing in
operation of such property or assets; 
 (6) Mortgages in favor of the United States or any state thereof, or any department,
agency or instrumentality or political subdivision of the United States or any state thereof, or in favor of any other country, or any department, agency or instrumentality or any political subdivision thereof, to secure partial, progress, advance
or other payments; 

  
 70 

 (7) Mortgages incurred or assumed in connection with the issuance of revenue
bonds the interest on which is exempt from federal income taxation pursuant to Section 103 (b) of the Internal Revenue Code; and 

(8) Mortgages existing on the issue date of the applicable series of Outstanding Securities or any extension, renewal,
replacement or refunding of any Debt secured by a Mortgage existing on the issue date of the applicable series of Outstanding Securities or referred to in clauses (1) to (3), (5) or (7) of this Section 10.5, provided that the
principal amount of Debt secured thereby and not otherwise authorized by clauses (1) to (3), (5) or (7) shall not exceed the principal amount of Debt, plus any premium or fee payable in connection with any such extension, renewal,
replacement or refunding, so secured at the time of such extension, renewal, replacement or refunding. 
 Notwithstanding the restrictions
described above, the Company and its Restricted Subsidiaries may create, incur, issue, assume or guarantee Debt secured by Mortgages without equally and ratably securing the Outstanding Securities if, at the time of such creation, incurrence,
issuance, assumption or guarantee, after giving effect thereto and to the retirement of any Debt which is concurrently being retired, the aggregate amount of all such Debt secured by Mortgages (other than (i) any Debt secured by Mortgages
permitted as described in clauses (1) through (7) of the immediately preceding paragraph and (ii) any Debt secured in compliance with the first paragraph of this Section 10.5) that would otherwise be subject to these
restrictions, together with all Attributable Debt with respect to Sale and Leaseback Transactions (other than with respect to certain Sale and Leaseback Transactions that are permitted under paragraph (b) of Section 10.6 below) does not
exceed 15% of Consolidated Net Tangible Assets. 
 Section 10.6. Limitation on Sale and Leaseback Transactions. 

(a) The Company agrees that it will not, and will not permit any Restricted Subsidiary to, enter into any arrangement with any
person providing for the leasing by the Company or any Restricted Subsidiary of any Operating Property that has been or is to be sold or transferred by the Company or such Restricted Subsidiary to such person with the intention of taking back a
lease of such property (a “Sale and Leaseback Transaction”), unless either: 
 (i) within 365 days after the
receipt of the proceeds of the sale or transfer, the Company or any Restricted Subsidiary applies an amount equal to the net proceeds of the sale of such Operating Property at the time of such sale or transfer to either (or a combination of)
(i) the prepayment or retirement of Senior Funded Debt or (ii) the purchase, construction or development of other property or assets; or 

(ii) the Company or such Restricted Subsidiary would be entitled, at the effective date of the sale or transfer, to incur Debt
secured by a Mortgage on such Operating Property, in an amount at least equal to 

  
 71 

 
the Attributable Debt in respect of the Sale and Leaseback Transaction, without equally and ratably securing the Securities pursuant to Section 10.5. 

(b) The foregoing restriction in paragraph (a) above will not apply to any Sale and Leaseback Transaction (i) for a
term of not more than three years including renewals, (ii) the effective date of any such arrangement or the purchaser’s commitment therefor is within 365 days prior or subsequent to the acquisition of an Operating Property (including,
without limitation, acquisition by merger or consolidation) or the completion of construction and commencement of operation thereof (which, in the case of a retail store, is the date of opening to the public), whichever is later, or
(iii) between the Company and a Restricted Subsidiary or between Restricted Subsidiaries, provided that the lessor shall be the Company or a wholly owned Restricted Subsidiary. 

Section 10.7. Existence. 

Subject to Article Eight, the Company shall do or cause to be done all things necessary to preserve and keep in full force and effect its
existence, rights (charter and statutory) and franchises; provided, however, that the foregoing shall not prohibit any transaction permitted under Section 8.1 or obligate the Company to preserve any such right or franchise if the
Company shall determine that the preservation thereof is no longer desirable in the conduct of its business. 
 Section 10.8.
[Intentionally omitted]. 
 Section 10.9. Company Statement as to Compliance; Notice of Certain Defaults. 

(1) The Company shall deliver to the Trustee, within 120 days after the end of each fiscal year, a written statement (which
need not be contained in or accompanied by an Officers’ Certificate) signed by the principal executive officer, the principal financial officer or the principal accounting officer of the Company, stating that 

(a) a review of the activities of the Company during such year and of its performance under this Indenture has been made under
his or her supervision, and 
 (b) to the best of his or her knowledge, based on such review, (a) the Company has
complied with all the conditions and covenants imposed on it under this Indenture throughout such year, or, if there has been a default in the fulfillment of any such condition or covenant, specifying each such default known to him or her and the
nature and status thereof, and (b) no event has occurred and is continuing which is, or after notice or lapse of time or both would become, an Event of Default, or, if such an event has occurred and is continuing, specifying each such event
known to him and the nature and status thereof. 
 (2) The Company shall deliver to the Trustee, within 30 days after
becoming aware of the occurrence thereof, written notice of any Event of Default or any event which after notice or lapse of time or both would become an Event of Default pursuant to clause (4) of Section 5.1. 

  
 72 

 (3) The Trustee shall have no duty to monitor the Company’s compliance with
the covenants contained in this Article 10 other than as specifically set forth in this Section 10.9. 
 ARTICLE 11 

REDEMPTION OF SECURITIES 

Section 11.1. Applicability of Article. 

Redemption of Securities of any series at the option of the Company as permitted or required by the terms of such Securities shall be made in
accordance with the terms of such Securities and (except as otherwise provided herein or pursuant hereto) this Article. 

Section 11.2. Election to Redeem; Notice to Trustee. 

The election of the Company to redeem any Securities shall be evidenced by or pursuant to a Board Resolution. In case of any redemption at the
election of the Company of (a) less than all of the Securities of any series or (b) all of the Securities of any series, with the same issue date, interest rate or formula, Stated Maturity and other terms, the Company shall, at least 35
days prior to the Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption Date and of the principal amount of Securities of such series to be redeemed. 

Section 11.3. Selection by Trustee of Securities to be Redeemed. 

If less than all of the Securities of any series with the same issue date, interest rate or formula, Stated Maturity and other terms are to be
redeemed, the particular Securities to be redeemed shall be selected not more than 60 days (except in the case of a conditional redemption) and not less than 30 days prior to the Redemption Date by the Trustee from the Outstanding Securities of such
series not previously called for redemption, by such method as the Trustee shall deem fair and appropriate and which may provide for the selection for redemption of portions of the principal amount of Registered Securities of such series;
provided, however, that no such partial redemption shall reduce the portion of the principal amount of a Registered Security of such series not redeemed to less than the minimum denomination for a Security of such series
established herein or pursuant hereto. 
 The Trustee shall promptly notify the Company and the Security Registrar (if other than itself) in
writing of the Securities selected for redemption and, in the case of any Securities selected for partial redemption, the principal amount thereof to be redeemed. 

For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities shall
relate, in the case of any Securities redeemed or to be redeemed only in part, to the portion of the principal of such Securities which has been or is to be redeemed. 

  
 73 

 Unless otherwise specified in or pursuant to this Indenture or the Securities of any series, if
any Security selected for partial redemption is converted into Common Stock or exchanged for other securities in part before termination of the conversion or exchange right with respect to the portion of the Security so selected, the converted
portion of such Security shall be deemed (so far as may be) to be the portion selected for redemption. Securities which have been converted or exchanged during a selection of Securities to be redeemed shall be treated by the Trustee as Outstanding
for the purpose of such selection. 
 Section 11.4. Notice of Redemption. 

Notice of redemption shall be given in the manner provided in Section 1.6, not less than 30 nor more than 60 days (except in the case of
a conditional redemption) prior to the Redemption Date, unless a shorter period is specified in the Securities to be redeemed, to the Holders of Securities to be redeemed, except that such notice may be sent more than 60 days prior to the Redemption
Date if the notice is issued in connection with a defeasance of the Securities or a satisfaction and discharge of this Indenture pursuant to Article 4 hereof. Notwithstanding any other provision of this Indenture, notice of any redemption of the
Securities may, at the Company’s discretion, be given prior to the completion thereof and be subject to one or more conditions precedent. In addition, if such redemption is subject to satisfaction of one or more conditions precedent, such
notice shall state that, in the Company’s discretion, the Redemption Date may be delayed until such time (including more than 60 days after the date the notice of redemption was delivered) as any or all such conditions shall be satisfied or
waived, or such redemption may not occur and such notice may be rescinded in the event that any or all such conditions shall not have been satisfied by the Redemption Date, or by the Redemption Date so delayed, or such notice may be rescinded at any
time in the Company’s discretion if in the good faith judgment of the Company any or all of such conditions will not be satisfied. In addition, the Company may provide in such notice that payment of the redemption price and performance of the
Company’s obligations with respect to such redemption may be performed by another Person. Failure to give notice in the manner provided in Section 1.6 to the Holder of any Registered Securities designated for redemption as a whole or in
part, or any defect in the notice to any such Holder, shall not affect the validity of the proceedings for the redemption of any other Securities or portion thereof. The Company will provide prompt written notice to the Trustee at least one business
day prior to the Redemption Date rescinding or delaying such redemption in the event that any such condition precedent shall not have occurred, and such redemption and notice of redemption shall be rescinded and of no force or effect or delayed, as
applicable. Upon receipt of such notice from the Company rescinding or delaying such redemption, the Trustee will promptly send a copy of such notice to the Holders of the Notes to be redeemed in the same manner in which the notice of redemption was
given 
 Any notice that is mailed or delivered pursuant to the customary procedures of the applicable Depositary, as applicable, to the
Holder of any Registered Securities in the manner herein provided shall be conclusively presumed to have been duly given, whether or not such Holder receives the notice. 

  
 74 

 All notices of redemption shall state: 

(1) the Redemption Date, 

(2) the Redemption Price, 

(3) if less than all Outstanding Securities of any series are to be redeemed, the identification (and, in the case of partial
redemption, the principal amount) of the particular Security or Securities to be redeemed, 
 (4) in case any Security is to
be redeemed in part only, the notice which relates to such Security shall state that on and after the Redemption Date, upon surrender of such Security, the Holder of such Security will receive, without charge, a new Security or Securities of
authorized denominations for the principal amount thereof remaining unredeemed, 
 (5) that, on the Redemption Date, the
Redemption Price shall become due and payable upon each such Security or portion thereof to be redeemed, and, if applicable, that interest thereon shall cease to accrue on and after said date, 

(6) the place or places where such Securities, together (in the case of Bearer Securities) with all Coupons appertaining
thereto, if any, maturing after the Redemption Date, are to be surrendered for payment of the Redemption Price and any accrued interest and Additional Amounts pertaining thereto, 

(7) that the redemption is for a sinking fund, if such is the case, 

(8) that, unless otherwise specified in such notice, Bearer Securities of any series, if any, surrendered for redemption must
be accompanied by all Coupons maturing subsequent to the date fixed for redemption or the amount of any such missing Coupon or Coupons will be deducted from the Redemption Price, unless security or indemnity satisfactory to the Company, the Trustee
and any Paying Agent is furnished, 
 (9) if Bearer Securities of any series are to be redeemed and no Registered Securities
of such series are to be redeemed, and if such Bearer Securities may be exchanged for Registered Securities not subject to redemption on the Redemption Date pursuant to Section 3.5 or otherwise, the last date, as determined by the Company, on
which such exchanges may be made, 
 (10) in the case of Securities of any series that are convertible into Common Stock or
exchangeable for other securities, the conversion or exchange price or rate, the date or dates on which the right to convert or exchange the principal of the Securities of such series to be redeemed will commence or terminate and the place or places
where such Securities may be surrendered for conversion or exchange, and 
 (11) the CUSIP number and/or similar numbers of
such Securities, if any (or any other numbers used by a Depositary to identify such Securities). 

  
 75 

 A notice of redemption published as contemplated by Section 1.6 need not identify particular
Registered Securities to be redeemed. 
 Notice of redemption of Securities to be redeemed at the election of the Company shall be given by
the Company or, at the Company’s request, by the Trustee in the name and at the expense of the Company. 
 Section 11.5.
Deposit of Redemption Price. 
 On or prior to 11:00 a.m., New York City time (unless otherwise specified pursuant to
Section 3.1 or in the Securities of such series), on any Redemption Date, the Company shall deposit, with respect to the Securities of any series called for redemption pursuant to Section 11.4, with the Trustee or with a Paying Agent (or,
if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 10.3) an amount of money in the applicable Currency sufficient to pay the Redemption Price of, and (except if the Redemption Date shall be an
Interest Payment Date, unless otherwise specified pursuant to Section 3.1 or in the Securities of such series) any accrued interest on and Additional Amounts with respect to, all such Securities or portions thereof which are to be redeemed on
that date. 
 Section 11.6. Securities Payable on Redemption Date. 

Notice of redemption having been given as aforesaid, the Securities so to be redeemed shall, subject to the provisions of Section 11.4,
on the Redemption Date, become due and payable at the Redemption Price therein specified, and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest) such Securities shall cease to bear
interest and the Coupons for such interest appertaining to any Bearer Securities so to be redeemed, except to the extent provided below, shall be void. Upon surrender of any such Security for redemption in accordance with said notice, together with
all Coupons, if any, appertaining thereto maturing after the Redemption Date, such Security shall be paid by the Company at the Redemption Price, together with any accrued interest and Additional Amounts to the Redemption Date; provided,
however, that, except as otherwise provided in or pursuant to this Indenture or the Bearer Securities of such series, installments of interest on Bearer Securities whose Stated Maturity is on or prior to the Redemption Date shall be payable only
upon presentation and surrender of Coupons for such interest (at an Office or Agency located outside the United States except as otherwise provided in Section 10.2), and provided, further, that, except as otherwise specified in or
pursuant to this Indenture or the Registered Securities of such series, installments of interest on Registered Securities whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Securities, or one or more
Predecessor Securities, registered as such at the close of business on the Regular Record Dates therefor according to their terms and the provisions of Section 3.7. 

If any Bearer Security surrendered for redemption shall not be accompanied by all appurtenant Coupons maturing after the Redemption Date, such
Security may be paid after deducting from the Redemption Price an amount equal to the face amount of all such missing Coupons, or the surrender of such missing Coupon or Coupons may be waived by the Company and the Trustee if there be furnished to
them such security or indemnity as they may require to save each of them and any Paying Agent harmless. If thereafter the Holder of such Security shall 

  
 76 

 
surrender to the Trustee or any Paying Agent any such missing Coupon in respect of which a deduction shall have been made from the Redemption Price, such Holder shall be entitled to receive the
amount so deducted; provided, however, that any interest or Additional Amounts represented by Coupons shall be payable only upon presentation and surrender of those Coupons at an Office or Agency for such Security located outside of the
United States except as otherwise provided in Section 10.2. 
 If any Security called for redemption shall not be so paid upon surrender
thereof for redemption, the principal and any premium, until paid, shall bear interest from the Redemption Date at the rate prescribed therefor in the Security. 

Section 11.7. Securities Redeemed in Part. 

Any Registered Security which is to be redeemed only in part shall be surrendered at any Office or Agency for such Security (with, if the
Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing) and the Company shall
execute and the Trustee shall authenticate and deliver to the Holder of such Security without service charge, a new Registered Security or Securities of the same series, containing identical terms and provisions, of any authorized denomination as
requested by such Holder in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Security so surrendered. If a Security in global form is so surrendered, the Company shall execute, and the Trustee
shall authenticate and deliver to the U.S. Depositary or other Depositary for such Security in global form as shall be specified in the Company Order with respect thereto to the Trustee, without service charge, a new Security in global form in a
denomination equal to and in exchange for the unredeemed portion of the principal of the Security in global form so surrendered. 
 No
Securities with a principal amount of $2,000 or less can be redeemed in part. 
 ARTICLE 12 

SINKING FUNDS 

Section 12.1. Applicability of Article. 

The provisions of this Article shall be applicable to any sinking fund for the retirement of Securities of a series, except as otherwise
permitted or required in or pursuant to this Indenture or any Security of such series issued pursuant to this Indenture. 
 The minimum
amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a “mandatory sinking fund payment”, and any payment in excess of such minimum amount provided for by the terms of Securities
of such series is herein referred to as an “optional sinking fund payment”. If provided for by the terms of Securities of any series, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 12.2.
Each sinking fund payment shall be applied to the redemption of Securities of any series as provided for by the terms of Securities of such series and this Indenture. 

  
 77 

 Section 12.2. Satisfaction of Sinking Fund Payments with Securities. 

The Company may, in satisfaction of all or any part of any sinking fund payment with respect to the Securities of any series to be made
pursuant to the terms of such Securities, accompanied by a written notice to the Trustee, (1) deliver Outstanding Securities of such series (other than any of such Securities previously called for redemption or any of such Securities in respect
of which cash shall have been released to the Company), together in the case of any Bearer Securities of such series with all unmatured Coupons appertaining thereto, and (2) apply as a credit Securities of such series which have been redeemed
either at the election of the Company pursuant to the terms of such series of Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, provided that such series of Securities
have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such
sinking fund payment shall be reduced accordingly. If, as a result of the delivery or credit of Securities of any series in lieu of cash payments pursuant to this Section 12.2, the principal amount of Securities of such series to be redeemed in
order to satisfy the remaining sinking fund payment shall be less than $100,000, the Trustee need not call Securities of such series for redemption, except upon Company Request, and such cash payment shall be held by the Trustee or a Paying Agent
and applied to the next succeeding sinking fund payment, provided, however, that the Trustee or such Paying Agent shall at the request of the Company from time to time pay over and deliver to the Company any cash payment so being held
by the Trustee or such Paying Agent upon delivery by the Company to the Trustee of Securities of that series purchased by the Company having an unpaid principal amount equal to the cash payment requested to be released to the Company. 

Section 12.3. Redemption of Securities for Sinking Fund. 

Not less than 75 days prior to each sinking fund payment date for any series of Securities, the Company shall deliver to the Trustee an
Officers’ Certificate specifying the amount of the next ensuing mandatory sinking fund payment for that series pursuant to the terms of that series, the portion thereof, if any, which is to be satisfied by payment of cash and the portion
thereof, if any, which is to be satisfied by delivering and crediting of Securities of that series pursuant to Section 12.2, and the optional amount, if any, to be added in cash to the next ensuing mandatory sinking fund payment, and will also
deliver to the Trustee any Securities to be so credited and not theretofore delivered. If such Officers’ Certificate shall specify an optional amount to be added in cash to the next ensuing mandatory sinking fund payment, the Company shall
thereupon be obligated to pay the amount therein specified. Not less than 60 days before each such sinking fund payment date the Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in
Section 11.3 and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 11.4. Such notice having been duly given, the redemption of such Securities shall be
made upon the terms and in the manner stated in Sections 11.6 and 11.7. 

  
 78 

 ARTICLE 13 

REPAYMENT AT THE OPTION
OF HOLDERS 
 Section 13.1. Applicability of Article. 

Securities of any series which are repayable at the option of the Holders thereof before their Stated Maturity shall be repaid in accordance
with the terms of the Securities of such series. The repayment of any principal amount of Securities pursuant to such option of the Holder to require repayment of Securities before their Stated Maturity, for purposes of Section 3.9, shall not
operate as a payment, redemption or satisfaction of the indebtedness represented by such Securities unless and until the Company, at its option, shall deliver or surrender the same to the Trustee with a directive that such Securities be cancelled.
Notwithstanding anything to the contrary contained in this Section 13.1, in connection with any repayment of Securities, the Company may arrange for the purchase of any Securities by an agreement with one or more investment bankers or other
purchasers to purchase such Securities by paying to the Holders of such Securities on or before the close of business on the repayment date an amount not less than the repayment price payable by the Company on repayment of such Securities, and the
obligation of the Company to pay the repayment price of such Securities shall be satisfied and discharged to the extent such payment is so paid by such purchasers. 

ARTICLE 14 

SECURITIES IN FOREIGN CURRENCIES 

Section 14.1. Applicability of Article. 

Whenever this Indenture provides for (i) any action by, or the determination of any of the rights of, Holders of Securities of any series
in which not all of such Securities are denominated in the same Currency, or (ii) any distribution to Holders of Securities, in the absence of any provision to the contrary in the form of Security of any particular series or pursuant to this
Indenture or the Securities, any amount in respect of any Security denominated in a Currency other than Dollars shall be treated for any such action or distribution as that amount of Dollars that could be obtained for such amount on such reasonable
basis of exchange and as of the record date with respect to Registered Securities of such series (if any) for such action, determination of rights or distribution (or, if there shall be no applicable record date, such other date reasonably proximate
to the date of such action, determination of rights or distribution) as the Company may specify in a written notice to the Trustee. 

ARTICLE 15 

MEETINGS OF HOLDERS OF SECURITIES

 Section 15.1. Purposes for Which Meetings May Be Called. 

A meeting of Holders of Securities of any series may be called at any time and from time to time pursuant to this Article to make, give or
take any request, demand, authorization, direction, notice, consent, waiver or other Act provided by this Indenture to be made, given or taken by Holders of Securities of such series. 

  
 79 

 Section 15.2. Call, Notice and Place of Meetings. 

(1) The Trustee may at any time call a meeting of Holders of Securities of any series for any purpose specified in
Section 15.1, to be held at such time and at such place in the Borough of Manhattan, The City of New York, or, if Securities of such series have been issued in whole or in part as Bearer Securities, in London or in such place outside the United
States as the Trustee shall determine. Notice of every meeting of Holders of Securities of any series, setting forth the time and the place of such meeting and in general terms the action proposed to be taken at such meeting, shall be given, in the
manner provided in Section 1.6, not less than 21 nor more than 180 days prior to the date fixed for the meeting. 
 (2)
In case at any time the Company (by or pursuant to a Board Resolution) or the Holders of at least 10% in principal amount of the Outstanding Securities of any series shall have requested the Trustee to call a meeting of the Holders of Securities of
such series for any purpose specified in Section 15.1, by written request setting forth in reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have mailed notice of or made the first publication of the
notice of such meeting within 21 days after receipt of such request (whichever shall be required pursuant to Section 1.6) or shall not thereafter proceed to cause the meeting to be held as provided herein, then the Company or the Holders of
Securities of such series in the amount above specified, as the case may be, may determine the time and the place in the Borough of Manhattan, The City of New York, or, if Securities of such series are to be issued as Bearer Securities, in London
for such meeting and may call such meeting for such purposes by giving notice thereof as provided in clause (1) of this Section. 

Section 15.3. Persons Entitled to Vote at Meetings. 

To be entitled to vote at any meeting of Holders of Securities of any series, a Person shall be (1) a Holder of one or more Outstanding
Securities of such series, or (2) a Person appointed by an instrument in writing as proxy for a Holder or Holders of one or more Outstanding Securities of such series by such Holder or Holders. The only Persons who shall be entitled to be
present or to speak at any meeting of Holders of Securities of any series shall be the Persons entitled to vote at such meeting and their counsel, any representatives of the Trustee and its counsel and any representatives of the Company and its
counsel. 
 Section 15.4. Quorum; Action. 

The Persons entitled to vote a majority in principal amount of the Outstanding Securities of a series shall constitute a quorum for any
meeting of Holders of Securities of such series. In the absence of a quorum within 30 minutes after the time appointed for any such meeting, the meeting shall, if convened at the request of Holders of Securities of such series, be dissolved. In any
other case the meeting may be adjourned for a period of not less than 10 days as determined by the chairman of the meeting prior to the adjournment of such meeting. In the 

  
 80 

 
absence of a quorum at any reconvened meeting, such reconvened meeting may be further adjourned for a period of not less than 10 days as determined by the chairman of the meeting prior to the
adjournment of such reconvened meeting. Notice of the reconvening of any adjourned meeting shall be given as provided in Section 15.2(1), except that such notice need be given only once not less than five days prior to the date on which the
meeting is scheduled to be reconvened. Notice of the reconvening of an adjourned meeting shall state expressly the percentage, as provided above, of the principal amount of the Outstanding Securities of such series which shall constitute a quorum.

 Except as limited by the proviso to Section 9.2, any resolution presented to a meeting or adjourned meeting duly reconvened at which
a quorum is present as aforesaid may be adopted only by the affirmative vote of the Holders of a majority in principal amount of the Outstanding Securities of that series; provided, however, that, except as limited by the proviso to
Section 9.2, any resolution with respect to any request, demand, authorization, direction, notice, consent, waiver or other Act which this Indenture expressly provides may be made, given or taken by the Holders of a specified percentage, which
is less than a majority, in principal amount of the Outstanding Securities of a series may be adopted at a meeting or an adjourned meeting duly reconvened and at which a quorum is present as aforesaid by the affirmative vote of the Holders of such
specified percentage in principal amount of the Outstanding Securities of such series. 
 Any resolution passed or decision taken at any
meeting of Holders of Securities of any series duly held in accordance with this Section shall be binding on all the Holders of Securities of such series and the Coupons appertaining thereto, whether or not such Holders were present or represented
at the meeting. 
 Section 15.5. Determination of Voting Rights; Conduct and Adjournment of Meetings. 

(1) Notwithstanding any other provisions of this Indenture, the Trustee may make such reasonable regulations as it may deem
advisable for any meeting of Holders of Securities of such series in regard to proof of the holding of Securities of such series and of the appointment of proxies and in regard to the appointment and duties of inspectors of votes, the submission and
examination of proxies, certificates and other evidence of the right to vote, and such other matters concerning the conduct of the meeting as it shall deem appropriate. Except as otherwise permitted or required by any such regulations, the holding
of Securities shall be proved in the manner specified in Section 1.4 and the appointment of any proxy shall be proved in the manner specified in Section 1.4 or by having the signature of the person executing the proxy witnessed or
guaranteed by any trust company, bank or banker authorized by Section 1.4 to certify to the holding of Bearer Securities. Such regulations may provide that written instruments appointing proxies, regular on their face, may be presumed valid and
genuine without the proof specified in Section 1.4 or other proof. 
 (2) The Trustee shall, by an instrument in
writing, appoint a temporary chairman of the meeting, unless the meeting shall have been called by the Company or by Holders of Securities as provided in Section 15.2(2), in which case the Company or the

  
 81 

 
Holders of Securities of the series calling the meeting, as the case may be, shall in like manner appoint a temporary chairman. A permanent chairman and a permanent secretary of the meeting shall
be elected by vote of the Persons entitled to vote a majority in principal amount of the Outstanding Securities of such series represented at the meeting. 

(3) At any meeting, each Holder of a Security of such series or proxy shall be entitled to one vote for each $1,000 principal
amount of Securities of such series held or represented by him; provided, however, that no vote shall be cast or counted at any meeting in respect of any Security challenged as not Outstanding and ruled by the chairman of the meeting
to be not Outstanding. The chairman of the meeting shall have no right to vote, except as a Holder of a Security of such series or proxy. 

(4) Any meeting of Holders of Securities of any series duly called pursuant to Section 15.2 at which a quorum is present
may be adjourned from time to time by Persons entitled to vote a majority in principal amount of the Outstanding Securities of such series represented at the meeting; and the meeting may be held as so adjourned without further notice. 

Section 15.6. Counting Votes and Recording Action of Meetings. 

The vote upon any resolution submitted to any meeting of Holders of Securities of any series shall be by written ballots on which shall be
subscribed the signatures of the Holders of Securities of such series or of their representatives by proxy and the principal amounts and serial numbers of the Outstanding Securities of such series held or represented by them. The permanent chairman
of the meeting shall appoint two inspectors of votes who shall count all votes cast at the meeting for or against any resolution and who shall make and file with the secretary of the meeting their verified written reports in triplicate of all votes
cast at the meeting. A record, at least in triplicate, of the proceedings of each meeting of Holders of Securities of any series shall be prepared by the secretary of the meeting and there shall be attached to said record the original reports of the
inspectors of votes on any vote by ballot taken thereat and affidavits by one or more persons having knowledge of the facts setting forth a copy of the notice of the meeting and showing that said notice was given as provided in Section 15.2
and, if applicable, Section 15.4. Each copy shall be signed and verified by the affidavits of the permanent chairman and secretary of the meeting and one such copy shall be delivered to the Company, and another to the Trustee to be preserved by
the Trustee, the latter to have attached thereto the ballots voted at the meeting. Any record so signed and verified shall be conclusive evidence of the matters therein stated. 

  
 82 

 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed as of the
day and year first above written. 
  

			
	WALGREENS BOOTS ALLIANCE, INC.
		
	By:	 	 /s/ George R. Fairweather

		 	Name: George R. Fairweather
		 	Title: Executive Vice President and Global
		 	            Chief Financial Officer
		
	By:	 	 /s/ Aidan Clare

		 	Name: Aidan Clare
		 	Title: Senior Vice President and Global
		 	            Treasurer
	
	WELLS FARGO BANK, NATIONAL
	ASSOCIATION as Trustee
		
	By:	 	 /s/ Gregory S. Clarke

		 	Name: Gregory S. Clarke
		 	Title: Vice President

  
 83

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00252-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00252-of-00352.parquet"}]]