Document:

EX-10.1

 Exhibit 10.1 

Execution Copy 
 FIRST
AMENDMENT TO CREDIT AGREEMENT 
 This FIRST AMENDMENT TO CREDIT AGREEMENT, dated as of December 16, 2022
(this “Amendment”), is by and among THE HAIN CELESTIAL GROUP, INC., a Delaware corporation (the “Company”), each Lender party hereto and BANK OF AMERICA, N.A., as Administrative Agent. Capitalized terms used
herein and not otherwise defined herein shall have the meanings ascribed thereto in the Credit Agreement, as amended pursuant to Exhibit A. 

W I T N E S S E T H 

WHEREAS, the Company, each Subsidiary of the Company from time to time party thereto as a Designated Borrower, each
lender from time to time party thereto (collectively, the “Lenders” and individually, a “Lender”) and the Administrative Agent are parties to that certain Fourth Amended and Restated Credit Agreement, dated as of
December 22, 2021 (as amended, restated, amended and restated, supplemented, extended, or otherwise modified from time to time, the “Credit Agreement”); 

WHEREAS, the Company has requested that the Lenders amend certain provisions of the Credit Agreement; and 

WHEREAS, the Lenders party hereto are willing to make such amendments to the Credit Agreement, in accordance with and
subject to the terms and conditions set forth herein. 
 NOW, THEREFORE, in consideration of the agreements
hereinafter set forth, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 

Article 1 
 AMENDMENTS TO
CREDIT AGREEMENT 
 Effective as of the First Amendment Effective Date, the Credit Agreement is hereby amended
(a) to delete the stricken text (indicated textually in the same manner as the following examples: stricken text and stricken text) and (b) to add the double-underlined text
(indicated textually in the same manner as the following examples: double-underlined text and double-underlined
text), in each case, as set forth in the marked pages of the Credit Agreement (and to the extent provided in Exhibit A hereto, the exhibits, schedules and appendices to the Credit
Agreement) attached hereto as Exhibit A hereto and made a part hereof for all purposes. 
 Article 2 

CONDITIONS TO EFFECTIVENESS 

This Amendment shall become effective as of the date first above written (such date, the “First Amendment Effective
Date”) upon satisfaction of the following conditions (in each case, in form and substance reasonably acceptable to the Administrative Agent): 

2.1        Executed Amendment. The Administrative Agent shall have
received a copy of this Amendment, duly executed by the Company, the Required Lenders and the Administrative Agent. 

2.2        Default. No Default or Event of Default shall exist. 

 2.3        Fees, Costs and
Expenses.  
 (a)        The Administrative Agent
shall have received from the Company for the account of each Lender that executes and delivers a signature page hereto to the Administrative Agent by 5:00 p.m. (ET) on or before December 16, 2022 (each such Lender, a “Consenting
Lender”), an amendment fee equal to 0.125% of such Consenting Lender’s Total Credit Exposure on the First Amendment Effective Date. 

(b)        The Administrative Agent shall have received from the
Company such other fees, costs and expenses previously agreed in writing by the Company to be due and payable in connection with this Amendment on or prior to the Amendment Effective Date. 

(c)        Holland & Knight LLP shall have received from the
Company payment of all outstanding fees and expenses previously incurred and all fees and expenses incurred in connection with this Amendment, in each case to the extent such fees and expenses are required to be paid by the Company pursuant to the
Credit Agreement or otherwise previously agreed in writing by the Company to be payable in connection with the Amendment and to the extent invoiced to the Company at least two Business Days prior to the Amendment Effective Date. 

2.4        Miscellaneous. All other documents and legal matters in
connection with the transactions contemplated by this Amendment shall be reasonably satisfactory in form and substance to the Administrative Agent and its counsel. 

Article 3 
 MISCELLANEOUS

 3.1        Amended Terms. On and after the First Amendment
Effective Date, all references to the Credit Agreement in each of the Loan Documents shall hereafter mean the Credit Agreement as amended by this Amendment. Except as specifically amended hereby or otherwise agreed, the Credit Agreement is hereby
ratified and confirmed and shall remain in full force and effect according to its terms. 

3.2        Representations and Warranties of the Company. The Company
represents and warrants as follows: 
 (a)        It has taken all
necessary action to authorize the execution, delivery and performance of this Amendment. 

(b)        This Amendment has been duly executed and delivered by the
Company, and constitutes a legal, valid and binding obligation of the Company, enforceable against it in accordance with its terms, except to the extent that enforcement may be limited by applicable bankruptcy, reorganization, moratorium, insolvency
and similar laws affecting creditors’ rights generally or by equitable principles of general application, regardless of whether considered in a proceeding in equity or at law. 

(c)        No consent, approval, authorization or order of, or filing,
registration or qualification with, any court or governmental authority or third party is required in connection with the execution, delivery or performance by the Company of this Amendment. 

(d)        The representations and warranties contained in Article V
of the Credit Agreement and in each other Loan Document are (i) with respect to representations and warranties that contain 

  
 2 

 
a materiality qualification, true and correct on and as of the First Amendment Effective Date and (ii) with respect to representations and warranties that do not contain a materiality
qualification, true and correct in all material respects on and as of the First Amendment Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are (x) with
respect to representations and warranties that contain a materiality qualification, true and correct on and as of such earlier date and (y) with respect to representations and warranties that do not contain a materiality qualification, true and
correct in all material respects on and as of such earlier date. 

(e)        As of the First Amendment Effective Date, no event has
occurred and is continuing which constitutes a Default or an Event of Default. 

(f)        The Obligations are not reduced or modified by this
Amendment and are not subject to any offsets, defenses or counterclaims. 

3.3        Reaffirmation of Obligations. The Company, on behalf of
itself and each other Loan Party, hereby ratifies the Credit Agreement and each other Loan Document, and acknowledges and reaffirms (a) that each Loan Party is bound by all terms of the Credit Agreement and each such Loan Document applicable to
it and (b) that each Loan Party is responsible for the observance and full performance of its respective Obligations. 

3.4        Loan Document. This Amendment shall constitute a Loan
Document under the terms of the Credit Agreement. 

3.5        Expenses. The Company agrees to pay all reasonable and
documented out-of-pocket costs and expenses of the Administrative Agent in connection with the preparation, execution and delivery of this Amendment, including without limitation the reasonable and documented fees and expenses of the Administrative
Agent’s legal counsel. 
 3.6        Further Assurances. The
Company agrees to promptly take such action, upon the request of the Administrative Agent, as is necessary to carry out the intent of this Amendment. 

3.7        Entirety. This Amendment and the other Loan Documents embody
the entire agreement among the parties hereto and supersede all prior agreements and understandings, oral or written, if any, relating to the subject matter hereof. 

3.8        Counterparts; Delivery. This Amendment may be in the form of
an Electronic Record and may be executed using Electronic Signatures (including, without limitation, facsimile and .pdf) and shall be considered an original, and shall have the same legal effect, validity and enforceability as a paper record. This
Amendment may be executed in as many counterparts as necessary or convenient, including both paper and electronic counterparts, but all such counterparts are one and the same Amendment. For the avoidance of doubt, the authorization under this
paragraph may include, without limitation, use or acceptance by the Administrative Agent of a manually signed paper Communication which has been converted into electronic form (such as scanned into PDF format), or an electronically signed
Communication converted into another format, for transmission, delivery and/or retention. Notwithstanding anything contained herein to the contrary, the Administrative Agent is under no obligation to accept an Electronic Signature in any form or in
any format unless expressly agreed to by the Administrative Agent pursuant to procedures approved by it; provided that, without limiting the foregoing, (a) to the extent the Administrative Agent has agreed to accept such Electronic
Signature, the Administrative Agent shall be entitled to rely on any such Electronic Signature without further verification 

  
 3 

 
and (b) upon the request of the Administrative Agent any Electronic Signature shall be promptly followed by a manually executed, original counterpart. 

3.9        GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK, INCLUDING FOR SUCH PURPOSES SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK. 

3.10        Successors and Assigns. This Amendment shall be binding upon
and inure to the benefit of the parties hereto and their respective successors and permitted assigns. 

3.11        Consent to Jurisdiction; Service of Process; Waiver of Jury
Trial. The jurisdiction, service of process and waiver of jury trial provisions set forth in Sections 10.14 and 10.15 of the Credit Agreement are hereby incorporated by reference, mutatis mutandis. 

  
 4 

 IN WITNESS WHEREOF the parties hereto have caused this Amendment to be duly
executed on the date first above written. 
  

					
	BORROWER:
	
	THE HAIN CELESTIAL GROUP, INC.
		
	 By:
	 	 /s/ Kristy M. Meringolo

		 	 Name:
	 	   Kristy M. Meringolo

		 	 Title:
	 	   Executive Vice President, General

  Counsel and Corporate Secretary

 Hain Celestial Group 

First Amendment to Credit Agreement 

 
			
	 ADMINISTRATIVE AGENT:

	
	 BANK OF AMERICA, N.A.,

	   as the Administrative Agent

		
	 By:
	 	 /s/ Ronaldo Naval

		 	 Name: Ronaldo Naval

		 	 Title:   Vice President

 Hain Celestial Group 

First Amendment to Credit Agreement 

 
			
	 BANK OF AMERICA, N.A.,

	   as a Lender

		
	 By:
	 	 /s/ Louise E. Duchi

		 	 Name: Louise E. Duchi

		 	 Title:   Senior Vice President

 Hain Celestial Group 

First Amendment to Credit Agreement 

 
			
	 WELLS FARGO BANK, NATIONAL

	 ASSOCIATION, as a Lender

		
	 By:
	 	 /s/ Michael Zick

		 	 Name: Michael Zick

		 	 Title:   Director

 Hain Celestial Group 

First Amendment to Credit Agreement 

 
			
	 CITIZENS BANK, N.A., as a Lender

		
	 By:
	 	 /s/ Angela Reilly

	 Angela Reilly

	 Senior Vice President

 Hain Celestial Group 

First Amendment to Credit Agreement 

 
			
	 COBANK, ACB,

	   as a Lender

		
	 By:
	 	 /s/ John B. Trawick

		 	 Name: John B. Trawick

		 	 Title:   Vice President

 Hain Celestial Group 

First Amendment to Credit Agreement 

 
			
	COÖPERATIEVE RABOBANK U.A., NEW YORK
	BRANCH, as a Lender
		
	   By:
	 	 /s/ André Baladi

		 	 Name: André Baladi

		 	 Title: Managing Director

		
	   By:
	 	 /s/ Irene Stephens

		 	 Name: Irene Stephens

		 	 Title: Executive Director

 Hain Celestial Group 

First Amendment to Credit Agreement 

 
					
	 FARM CREDIT EAST, ACA,

  as a Lender

		
	 By:
	 	 /s/ Justin A. Brown

		 	 Name:
	 	 Justin A. Brown

		 	 Title:
	 	 Vice President

 Hain Celestial Group 

First Amendment to Credit Agreement 

 
					
	 JPMORGAN CHASE BANK N.A.,

  as a Lender

		
	 By:
	 	 /s/ Alicia Schreibstein

		 	 Name:
	 	 Alicia Schreibstein

		 	 Title:
	 	 Executive Director

 Hain Celestial Group 

First Amendment to Credit Agreement 

 
					
	 TD Bank, N.A.,

as a Lender

		
	 By:
	 	 /s/ Steve Levi

		 	 Name:
	 	 Steve Levi

		 	 Title:
	 	 Senior Vice President

 Hain Celestial Group 

First Amendment to Credit Agreement 

 
					
	 BANK OF MONTREAL, 

  as a Lender

		
	 By:
	 	 /s/ Andrew Berryman

		 	 Name:
	 	 Andrew Berryman

		 	 Title:
	 	 Director

 Hain Celestial Group 

First Amendment to Credit Agreement 

 
			
	HSBC BANK USA, NATIONAL
	 ASSOCIATION,

  as a Lender

		
	 By:
	 	 /s/ Matthew Guarnaccia 23439

		 	 Name: Matthew Guarnaccia

		 	 Title:   Duly Authorized Signatory

 Hain Celestial Group 

First Amendment to Credit Agreement 

 
			
	BARCLAYS BANK PLC,
	   as a Lender

		
	 By:
	 	 /s/ Ritam Bhalla

		 	 Name: Ritam Bhalla

		 	 Title:   Director

 Hain Celestial Group 

First Amendment to Credit Agreement 

 
			
	AGFIRST FARM CREDIT BANK,
	   as a Lender

		
	 By:
	 	 /s/ Brandon Waring

		 	 Name: Brandon Waring

		 	 Title:   AVP

 Hain Celestial Group 

First Amendment to Credit Agreement 

 EXHIBIT A 

AMENDED CREDIT AGREEMENT 

[See attached] 
 Exhibit A

 Amended Credit Agreement 

 EXECUTION
VERSION 

EXHIBIT A TO FIRST AMENDMENT
TO FOURTH AMENDED AND RESTATED CREDIT 

AGREEMENT, DATED AS OF
DECEMBER 16, 2022 
 Deal CUSIP Number: 40521VAN7 

U.S. Revolving Credit Facility CUSIP Number: 40521VAQ0 

Global Revolving Credit Facility CUSIP Number: 40521VAP2 

Term Facility CUSIP Number: 40521VAR8 
  

 
  

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT 

dated as of December 22, 2021 

among 
 THE HAIN CELESTIAL
GROUP, INC., 
 as the Company 

CERTAIN SUBSIDIARIES OF THE COMPANY 

FROM TIME TO TIME PARTY HERETO, 

as Designated Borrowers, 
 BANK
OF AMERICA, N.A., 
 as Administrative Agent, Swing Line Lender 

and L/C Issuer, 
 WELLS FARGO
BANK, N.A 
 and 
 CITIZENS
BANK, N.A., 
 as Co-Syndication Agents, 

FARM CREDIT EAST, ACA 

JPMORGAN CHASE BANK, N.A. 

TD BANK, N.A. 

COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH 

COBANK, ACB 
 and 

BANK OF MONTREAL,  

as Co-Documentation Agents 
 and

 The Other Lenders Party Hereto 
  

 
 BOFA
SECURITIES, INC. 
 WELLS FARGO SECURITIES, LLC, 

and 
 CITIZENS BANK, N.A.,

 as Joint Lead Arrangers and Joint Bookrunners 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
		
	 ARTICLE I. DEFINITIONS AND ACCOUNTING TERMS
	  			
		
	 1.01  Defined Terms
	  	 	2	 
	 1.02  Other Interpretive Provisions
	  	 	3844	 
	 1.03  Accounting Terms
	  	 	3945	 
	 1.04  Rounding
	  	 	4046	 
	 1.05  Exchange Rates; Currency Equivalents
	  	 	4046	 
	 1.06  Additional Alternative Currencies
	  	 	4047	 
	 1.07  Change of Currency
	  	 	4147	 
	 1.08  Times of Day
	  	 	4148	 
	 1.09  Letter of Credit Amounts
	  	 	4148	 
	 1.10  Limited Condition Acquisition 41.
	  	 	48	 
		
	 ARTICLE II. THE COMMITMENTS AND CREDIT EXTENSIONS
	  			
		
	 2.01  Committed Loans
	  	 	4349	 
	 2.02  Borrowings, Conversions and Continuations of Committed
Loans
	  	 	4450	 
	 2.03  Letters of Credit
	  	 	4652	 
	 2.04  Swing Line Loans
	  	 	5359	 
	 2.05  Prepayments
	  	 	5662	 
	 2.06  Termination or Reduction of Commitments
	  	 	5964	 
	 2.07  Repayment of Loans
	  	 	5965	 
	 2.08  Interest
	  	 	6065	 
	 2.09  Fees
	  	 	6166	 
	 2.10  Computations; Retroactive Adjustments
	  	 	6167	 
	 2.11  Evidence of Debt
	  	 	6267	 
	 2.12  Payments Generally; Administrative Agent’s
Clawback
	  	 	6268	 
	 2.13  Sharing of Payments by Lenders
	  	 	6470	 
	 2.14  Designated Borrowers
	  	 	6571	 
	 2.15  Increase in Commitments
	  	 	6672	 
	 2.16  Cash Collateral
	  	 	6874	 
	 2.17  Defaulting Lenders
	  	 	6975	 
	 2.18  Designated Lenders
	  	 	7177	 
	 2.19  Sustainability Adjustments
	  	 	7177	 
		
	 ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY
	  			
		
	 3.01  Taxes
	  	 	7278	 
	 3.02  Illegality
	  	 	7682	 
	 3.03  Inability to Determine Rates
	  	 	7783	 
	 3.04  Increased Costs
	  	 	8491	 
	 3.05  Compensation for Losses
	  	 	93	 
	 3.06  Mitigation Obligations; Replacement of Lenders
	  	 	8693	 
	 3.07  Survival
	  	 	94	 
		
	 ARTICLE IV. CONDITIONS PRECEDENT TO CREDIT EXTENSIONS
	  			
		
	 4.01  Conditions of Initial Credit Extension
	  	 	8794	 
	 4.02  Conditions to all Credit Extensions
	  	 	9095	 
		
	 ARTICLE V. REPRESENTATIONS AND WARRANTIES
	  			
		
	 5.01  Organization and Power
	  	 	9196	 
	 5.02  Authorization; Enforceable Obligations
	  	 	9196	 

  
 i 

 TABLE OF CONTENTS 

(continued) 

					
	 	  	Page	 
		
	 5.03  Financial Condition; No Material Adverse Effect
	  	 	9297	 
	 5.04  Taxes
	  	 	9297	 
	 5.05  Title to Properties
	  	 	9297	 
	 5.06  Litigation
	  	 	9398	 
	 5.07  Agreements
	  	 	9398	 
	 5.08  ERISA Compliance
	  	 	9398	 
	 5.09  Margin Regulations; Investment Company Act
	  	 	9499	 
	 5.10  Approvals
	  	 	9499	 
	
5.11  Subsidiaries
94 and Affiliates
	  	 	99	 
	 5.12  Environmental Compliance
	  	 	9499	 
	 5.13  No Default
	  	 	9599	 
	 5.14  Permits and Licenses
	  	 	9599	 
	 5.15  Compliance with Law
	  	 	95100	 
	 5.16  Disclosure
	  	 	95100	 
	 5.17  Labor Disputes and Acts of God
	  	 	95100	 
	 5.18  Sanctions and Anti-Corruption Laws
	  	 	95100	 
	 5.19  Intellectual Property; Licenses, Etc
	  	 	96100	 
	 5.20  EEA Financial Institutions
	  	 	97100	 
	 5.21  Covered Entities
	  	 	97101	 
		
	 ARTICLE VI. AFFIRMATIVE COVENANTS
	  			
		
	 6.01  Financial Statements
	  	 	98101	 
	 6.02  Certificates; Other Information
	  	 	98101	 
	 6.03  Notices
	  	 	100102	 
	 6.04  Payment of Obligations
	  	 	101103	 
	 6.05  Preservation of Existence, Etc
	  	 	101103	 
	 6.06  Maintenance of Properties
	  	 	101103	 
	 6.07  Maintenance of Insurance
	  	 	101103	 
	 6.08  Compliance with Laws
	  	 	101103	 
	 6.09  Books and Records
	  	 	102104	 
	 6.10  Inspection Rights
	  	 	102104	 
	 6.11  Use of Proceeds
	  	 	102104	 
	 6.12  Additional Subsidiary Guarantors; Additional Security
	  	 	102104	 
	 6.13  Designation as Senior Debt
	  	 	103105	 
	 6.14  Approvals and Authorizations
	  	 	103105	 
	 6.15  Further Assurances
	  	 	103105	 
	 6.16  Information Regarding Collateral.
	  	 	104105	 
	 6.17  Post-Closing Date Obligations.
	  	 	104105	 
	 6.18  Anti-Corruption Laws
	  	 	104106	 
		
	 ARTICLE VII. NEGATIVE COVENANTS
	  			
		
	 7.01  Liens
	  	 	105106	 
	 7.02  Investments
	  	 	107108	 
	 7.03  Indebtedness
	  	 	108109	 
	 7.04  Fundamental Changes
	  	 	109111	 
	 7.05  Dispositions
	  	 	110112	 
	 7.06  Restricted Payments
	  	 	111113	 
	 7.07  Change in Nature of Business
	  	 	111114	 
	 7.08  Transactions with Affiliates
	  	 	111114	 
	 7.09  Burdensome Agreements
	  	 	112114	 

  
 ii 

 TABLE OF CONTENTS 

(continued) 

					
	 	  	Page	 
		
	 7.10  Use of Proceeds
	  	 	112115	 
	 7.11  Financial Covenants
	  	 	112115	 
	 7.12  Accounting Policies and Procedures
	  	 	113116	 
	 7.13  Subordinated Indebtedness
	  	 	113116	 
	 7.14  Seller Indebtedness
	  	 	113116	 
	 7.15  Sanctions and Anti-Corruption Laws
	  	 	113116	 
		
	 ARTICLE VIII. EVENTS OF DEFAULT AND REMEDIES
	  			
		
	 8.01  Events of Default
	  	 	114116	 
	 8.02  Remedies Upon Event of Default
	  	 	116118	 
	 8.03  Application of Funds
	  	 	116118	 
	 8.04  Collateral Allocation Mechanism
	  	 	117120	 
		
	 ARTICLE IX. ADMINISTRATIVE AGENT
	  			
		
	 9.01  Appointment and Authority
	  	 	117120	 
	 9.02  Rights as a Lender
	  	 	118121	 
	 9.03  Exculpatory Provisions
	  	 	118121	 
	 9.04  Reliance by Administrative Agent
	  	 	119122	 
	 9.05  Delegation of Duties
	  	 	120123	 
	 9.06  Resignation of Administrative Agent
	  	 	120123	 
	 9.07  Non-Reliance on Administrative Agent, the Arranger, the
Sustainability Coordinator and Other Lenders
	  	 	121124	 
	 9.08  No Other Duties, Etc
	  	 	122125	 
	 9.09  Administrative Agent May File Proofs of Claim; Credit
Bidding
	  	 	122125	 
	 9.10  Collateral and Guaranty Matters
	  	 	123126	 
	 9.11  Secured Ancillary Agreements
	  	 	124127	 
	 9.12  Lender Representations Regarding
	  	 	124127	 
	 9.13  Recovery of Erroneous Payments
	  	 	125128	 
		
	 ARTICLE X. MISCELLANEOUS
	  			
		
	 10.01 Amendments, Etc
	  	 	126129	 
	 10.02 Notices; Effectiveness; Electronic Communication
	  	 	127130	 
	 10.03 No Waiver; Cumulative Remedies; Enforcement
	  	 	129132	 
	 10.04 Expenses; Indemnity; Damage Waiver
	  	 	130133	 
	 10.05 Payments Set Aside
	  	 	131134	 
	 10.06 Successors and Assigns
	  	 	132135	 
	 10.07 Treatment of Certain Information; Confidentiality
	  	 	136139	 
	 10.08 Right of Setoff
	  	 	137140	 
	 10.09 Interest Rate Limitation
	  	 	138141	 
	 10.10 Integration; Effectiveness
	  	 	138141	 
	 10.11 Survival of Representations and Warranties
	  	 	138141	 
	 10.12 Severability
	  	 	138141	 
	 10.13 Replacement of Lenders
	  	 	138141	 
	 10.14 Governing Law; Jurisdiction; Etc
	  	 	139136	 
	 10.15 Waiver of Jury Trial
	  	 	140142	 
	 10.16 No Advisory or Fiduciary Responsibility
	  	 	140143	 
	 10.17 Electronic Execution; Electronic Records; Counterparts
	  	 	141144	 
	 10.18 USA PATRIOT Act
	  	 	142145	 
	 10.19 U.K. KNOW YOUR CUSTOMER CHECKS
	  	 	142145	 
	 10.20 Canadian Anti-Money Laundering Legislation
	  	 	142145	 

  
 iii 

 TABLE OF CONTENTS 

(continued) 

					
	 	  	Page	 
		
	 10.21 Judgment Currency
	  	 	143146	 
	 10.22 Waiver of Sovereign Immunity
	  	 	143146	 
	 10.23 Acknowledgement and Consent to Bail-In of Affected Financial
Institutions
	  	 	143146	 
	 10.24 Effect of Amendment and Restatement of the Existing Credit
Agreement
	  	 	144147	 
	 10.25 Release of Collateral
	  	 	145148	 
	 10.26 Acknowledgement Regarding Any Supported QFCs
	  	 	145148	 

  
 iv 

 SCHEDULES 
  

			
	 1.01
	  	 Existing Pledges of Foreign Subsidiaries

	 1.02
	  	 Specified Excluded Subsidiaries

	 2.01
	  	 Commitments and Applicable Percentages

	 5.11
	  	 Subsidiaries

	 6.17
	  	 Post-Closing Obligations

	 7.01
	  	 Existing Liens

	 7.02
	  	 Existing Investments

	 7.03
	  	 Existing Indebtedness

	 7.08
	  	 Existing Affiliate Transactions

	 10.02
	  	 Administrative Agent’s Office; Certain Addresses for Notices

 EXHIBITS 
  

			
	         
	  	 Form of

		
	 A
	  	 Committed Loan Notice

	 B
	  	 Swing Line Loan Notice

	 C
	  	 Note (Revolving and Term)

	 D
	  	 Compliance Certificate

	 E
	  	 Assignment and Assumption

	 F
	  	 Subsidiary Guaranty

	 G
	  	 Company Guaranty

	 H
	  	 Designated Borrower Request and Assumption Agreement

	 I
	  	 Designated Borrower Notice

	 J
	  	 Notice of Loan Prepayment

	 K
	  	 U.S. Tax Compliance Certificates

	 L
	  	 Funding Indemnity Letter

	 M
	  	 Perfection Certificate

  
 v 

 FOURTH AMENDED AND RESTATED CREDIT AGREEMENT 

This FOURTH AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”) is entered into as of
December 22, 2021, among THE HAIN CELESTIAL GROUP, INC., a Delaware corporation (the “Company”), certain wholly-owned Subsidiaries of the Company party hereto pursuant to Section 2.14 (each, a
“Designated Borrower” and, together with the Company, the “Borrowers” and each, a “Borrower”), each lender from time to time party hereto (collectively, the “Lenders” and
individually, a “Lender”), BANK OF AMERICA, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, and BANK OF AMERICA, N.A., CANADA BRANCH, as Global Swing Line Lender. 

PRELIMINARY STATEMENTS 

Pursuant to the Third Amended and Restated Credit Agreement, dated as of February 6, 2018 (as amended by a First
Amendment to Third Amended and Restated Credit Agreement dated as of November 7, 2018, as further amended by that certain Second Amendment to Third Amended and Restated Credit Agreement dated as of February 6, 2019, as further amended by
that certain Third Amendment to Third Amended and Restated Credit Agreement dated as of May 8, 2019, as further amended by that certain Fourth Amendment to Third Amended and Restated Credit Agreement dated as of November 6, 2019, as
further amended by that certain Fifth Amendment to Third Amended and Restated Credit Agreement dated as of September 17, 2021, and as further amended, supplemented or otherwise modified prior to the Closing Date, the “Existing Credit
Agreement”), among the Company, Bank of America, N.A., as Administrative Agent, U.S. Swing Line Lender and L/C Issuer, Bank of America Merrill Lynch International Designated Activity Company, as Global Swing Line Lender and the other
lenders from time to time party thereto (the “Existing Lenders”), the Existing Lenders agreed to make extensions of credit to the Company and its Subsidiaries on the terms and conditions set forth therein, including making loans
(the “Existing Loans”) to the Company and its Subsidiaries, and the L/C Issuer agreed to issue Letters of Credit (the “Existing Letters of Credit”) to the Company and its Subsidiaries on the terms and conditions set
forth therein. 
 The Company has requested that the Existing Credit Agreement be amended and restated in its entirety to
become effective and binding on the Company and its Subsidiaries pursuant to the terms of this Agreement, and the Lenders (including certain of the Existing Lenders) have agreed (subject to the terms of this Agreement) to amend and restate the
Existing Credit Agreement in its entirety to read as set forth in this Agreement, and it has been agreed by the parties to the Existing Credit Agreement that (a) the commitments which the Existing Lenders have agreed to extend to the Borrowers
under the Existing Credit Agreement shall be extended or advanced upon the amended and restated terms and conditions contained in this Agreement; and (b) the Existing Loans, all Letters of Credit (including the Existing Letters of Credit) and
other Obligations (as defined in the Existing Credit Agreement) outstanding under the Existing Credit Agreement shall be governed by and deemed to be outstanding under the amended and restated terms and conditions contained in this Agreement, with
the intent that the terms of this Agreement shall supersede the terms of the Existing Credit Agreement (each of which shall hereafter have no further effect upon the parties thereto, other than for accrued and unpaid fees and expenses, and
indemnification obligations, if any, accrued and owing, under the terms of the Existing Credit Agreement on or prior to the Closing Date or arising (in the case of indemnification) under the terms of the Existing Credit Agreement). Furthermore, and
in connection with the foregoing, the Company has requested that the Lenders provide a term loan facility, and the Lenders have indicated their willingness to lend under such a term loan facility, on the terms and subject to the conditions set forth
herein. 
 In consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and agree
to amend and restate the Existing Credit Agreement, and the Existing Credit Agreement is hereby amended and restated in its entirety, as follows: 

  
 1 

 ARTICLE I. 

DEFINITIONS AND ACCOUNTING TERMS 

1.01      Defined Terms. As used in this Agreement, the following terms shall have the
meanings set forth below: 
 “Acceptable Acquisition” means any acquisition (whether by merger,
amalgamation or otherwise) by the Company or any Subsidiary of more than 50% of the outstanding Equity Interests of a Person which is engaged in a line of business similar or complementary to the business of the Company or such Subsidiary (or
reasonable extensions thereof) or the purchase of all or substantially all of the assets owned by such Person or a line of business or brand of such Person. 

“Account” has the meaning assigned to such term in the Security Agreement. 

“Account Debtor” means any Person obligated on an Account. 

“Administrative Agent” means Bank of America (or any of its designated branch offices or affiliates) in its
capacity as administrative agent under any of the Loan Documents, or any successor administrative agent. 

“Administrative Agent’s Office” means, with respect to any currency, the Administrative Agent’s
address and, as appropriate, account as set forth on Schedule 10.02 with respect to such currency, or such other address or account with respect to such currency as the Administrative Agent may from time to time notify to the Company and the
Lenders. 
 “Administrative Questionnaire” means an administrative questionnaire in form approved by the
Administrative Agent. 
 “Affected Financial Institution” means (a) any EEA Financial Institution or
(b) any UK Financial Institution. 
 “Affiliate” means, with respect to any Person, another Person
that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 

“Aggregate Commitments” means the Commitments of all the Lenders. 

“Agreed Currency” means Dollars or any Alternative Currency, as applicable. 

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

“Agreement Currency” has the meaning specified in Section 10.21. 

“Alternative Currency” means each of Euro, Sterling, Canadian Dollars and each other currency (other than
Dollars) that is approved in accordance with Section 1.06; provided that, for each Alternative Currency, such requested currency is an Eligible Currency. 

“Alternative Currency Conforming Changes” means, with respect to the use, administration of
or any conventions associated with SONIA, EURIBOR, €STR, the CDOR Rate or any proposed Successor Rate for an Alternative Currency, any conforming changes to the definitions of “Base Rate”,
“SONIA”, “EURIBOR”, “€STR”, “CDOR Rate”, “Interest Period”, timing and frequency of determining rates and making payments of interest and other technical, administrative or operational matters
(including, for the avoidance of doubt, the definition of
“Business Day”, timing of borrowing requests or prepayment,  

  
 2 

 
conversion or continuation notices and length of lookback periods) as may be appropriate, in the discretion of
the Administrative Agent, to reflect the adoption and implementation of such applicable rate(s) and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice for such Agreed Currency
(or, if the Administrative Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such rate for such Alternative Currency exists, in such other manner of administration as the
Administrative Agent determines is reasonably necessary in connection with the administration of this Agreement and any other Loan Document), in each case in consultation with the Company.

 “Alternative Currency Daily Rate” means, for any day, with respect to any Credit Extension: 

(a)        denominated in Sterling, the rate per annum equal to SONIA
determined pursuant to the definition thereof plus the SONIA Adjustment; and 

(b)        denominated in any other Alternative Currency (to the
extent such Loans denominated in such currency will bear interest at a daily rate), the daily rate per annum as designated with respect to such Alternative Currency at the time such Alternative Currency is approved by the Administrative Agent and
the relevant Lenders pursuant to Section 1.06 plus the adjustment (if any) determined by the Administrative Agent and the relevant Lenders pursuant to Section 1.06; in each case in consultation with the Company; 

provided, that, if any Alternative Currency Daily Rate shall be less than
zero, such rate shall be deemed zero for purposes of this Agreement. 
 “Alternative Currency Daily Rate
Loan” means a Loan (other than a Global Swing Line Loan) that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative
Currency. 
 “Alternative Currency Equivalent” means, at any time, with respect to any amount denominated
in Dollars, the equivalent amount thereof in the applicable Alternative Currency as determined by the Administrative Agent or the L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most recent
Revaluation Date) for the purchase of such Alternative Currency with Dollars. 
 “Alternative Currency
Loan” means an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable. 

“Alternative Currency Term Rate” means, for any Interest Period, with respect to any Credit Extension (other
than a Global Swing Line Loan): 
 (a)        denominated in Euros,
the rate per annum equal to the Euro Interbank Offered Rate (“EURIBOR”), as published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the
Administrative Agent from time to time) on the day that is two TARGET Days preceding the first day of such Interest Period with a term equivalent to such Interest Period; 

(b)        denominated in Canadian dollars, the rate per annum equal
to the Canadian Dollar Offered Rate (“CDOR”), as published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to
time) (in such case, the “CDOR Rate”) on the Rate Determination Date with a term equivalent to such Interest Period; 

  
 3 

(c)        denominated in any other Alternative Currency (to the extent
such Loans denominated in such currency will bear interest at a term rate), the term rate per annum as designated with respect to such Alternative Currency at the time such Alternative Currency is approved by the Administrative Agent and the
relevant Lenders pursuant to Section 1.06 plus the adjustment (if any) determined by the Administrative Agent and the relevant Lenders pursuant to Section 1.06, in each case in consultation with the Company; 

provided, that, if any Alternative Currency Term Rate shall be less than
zero, such rate shall be deemed zero for purposes of this Agreement. 
 “Alternative Currency Term Rate
Loan” means a Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency. 

“Ancillary Obligations” means any and all Obligations arising under any Secured Ancillary Agreement. 

“Applicable Authority” means with respect to any Alternative Currency, the applicable administrator for the
Relevant Rate for such Alternative Currency or any Governmental Authority having jurisdiction over the Administrative Agent or such administrator. 

“Applicable Percentage” means: 

(a)        in respect of the Term Facility, with respect to any Term
Lender at any time, the percentage (carried out to the ninth decimal place) of the Term Facility represented by (i) on or prior to the Closing Date, such Term Lender’s Term Commitment at such time and (ii) thereafter, the outstanding
principal amount of such Term Lender’s Term Loans at such time; 

(b)        in respect of the U.S. Revolving Credit Facility, with
respect to any U.S. Revolving Credit Lender at any time, the percentage (carried out to the ninth decimal place) of the U.S. Revolving Credit Facility represented by such U.S. Revolving Credit Lender’s U.S. Revolving Credit Commitment at such
time, subject to adjustment as provided in Section 2.17; and 

(c)        in respect of the Global Revolving Credit Facility, with
respect to any Global Revolving Credit Lender at any time, the percentage (carried out to the ninth decimal place) of the Global Revolving Credit Facility represented by such Global Revolving Credit Lender’s Global Revolving Credit Commitment
at such time, subject to adjustment as provided in Section 2.17. 
 If the commitment of each Revolving Lender
to make Revolving Loans and the obligation of the L/C Issuer to make L/C Credit Extensions have been terminated pursuant to Section 8.02 or if the Revolving Commitments have expired, then the Applicable Percentage of each Revolving
Lender in respect of the U.S. Revolving Credit Facility or the Global Revolving Credit Facility, as the case may be, shall be determined based on the Applicable Percentage of such Revolving Lender in respect of the U.S. Revolving Credit Facility or
the Global Revolving Credit Facility, as the case may be, most recently in effect, giving effect to any subsequent assignments. The initial Applicable Percentage of each Lender in respect of each Facility 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. 

“Applicable Rate” means, in respect of each Facility, the following percentages per annum, based upon the
Consolidated Leverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to
Section 
6.02(ba): 

  
 4 

																									
	 Applicable Rate

 

	Pricing
Level	 	  	 	 	 	Consolidated
Leverage Ratio	 	  	 	 	 	Commitment
Fee	 	  	 	 	 	
Eurodollar Rate

Term SOFR
Loans
+
Alternative
Currency Loans
+
 Global Swing
Line Loans +

Letters of

Credit
	 	  	 	 	 	Base Rate
+
	 1
	 	 	 		 	> 4.00:1.00	 	 	 		 	0.250%	 	 	 		 	1.750%	 	 	 		 	0.750%
	 2
	 	 	 		 	 > 3.25:1.00 but

< 4.00:1.00
	 	 	 		 	0.225%	 	 	 		 	1.500%	 	 	 		 	0. 500%
	 3
	 	 	 		 	 > 2.50:1.00 but

< 3.25:1.00
	 	 	 		 	0.200%	 	 	 		 	1.250%	 	 	 		 	0.250%
	 4
	 	 	 		 	 > 1.75:1.00 but

< 2.50:1.00
	 	 	 		 	0.175%	 	 	 		 	1.125%	 	 	 		 	0.125%
	 5
	 	 	 		 	 > 1.00:1.00 but

< 1.75:1.00
	 	 	 		 	0.150%	 	 	 		 	1.000%	 	 	 		 	0.000%
	 6
	 	 	 		 	< 1.00:1.00	 	 	 		 	0.150%	 	 	 		 	0.875%	 	 	 		 	0.000%

 Any increase or decrease in the Applicable Rate resulting from a change in the Consolidated Leverage Ratio
shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to
Section 
6.02(ba); provided that if a Compliance Certificate is not delivered when due in accordance with such Section, then, upon the request of the Required Lenders, Pricing Level 1 shall apply as of the first
Business Day after the date on which such Compliance Certificate was required to have been delivered and shall remain in effect until the date on which such Compliance Certificate is delivered. 

Notwithstanding anything to the contrary contained in this
definition or otherwise in this Agreement, (a) the determination of the Applicable Rate for any period shall
be subject to the provisions of Section 2.10(b) and (b) at all times during the Relief Period, the
Applicable Rate shall be (i) 2.00% in respect of Term SOFR Loans, Alternative Currency Loans, Global Swing Line Loans and Letters of Credit, (ii) 1.00% in respect of Base Rate Loans and (iii) 0.250% in respect of the Commitment Fee.
On the first Business Day following the Relief Period Termination Date, the Applicable Rate shall be determined based upon the Consolidated Leverage Ratio (and the corresponding Pricing Level above (and the sentence following the table above,
including the proviso thereto, if applicable)) as set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 6.02(a) prior to (or, in the case of the Relief Period Termination Date occurring at
the time of delivery of the December 31, 2023 financial statements and corresponding Compliance Certificate, at the time of) the Relief Period Termination Date. 

“Applicable Time” means, with respect to any Borrowings and payments in any Alternative Currency, the local
time in the place of settlement for such Alternative Currency as may be determined by the Administrative Agent or the L/C Issuer, as the case may be, to be necessary for timely settlement on the relevant date in accordance with normal banking
procedures in the place of payment. 
 “Applicant Borrower” has the meaning specified in
Section 2.14. 
 “Appropriate Lender” means, at any time, (a) with respect to a Facility,
a Lender that has a Commitment with respect to such Facility or holds a Loan under such Facility at such time; (b) with respect to the Letter of Credit Sublimit, (i) the L/C Issuer and (ii) if any Letters of Credit have been issued
pursuant 

  
 5 

 
to Section 2.03(a), the U.S. Revolving Credit Lenders; (c) with respect to the U.S. Swing Line Sublimit, (i) the U.S. Swing Line Lender and (ii) if any U.S. Swing Line
Loans are outstanding pursuant to Section 2.04(a), the U.S. Revolving Credit Lenders; and (d) with respect to the Global Swing Line Sublimit, (i) the Global Swing Line Lender and (ii) if any Global Swing Line Loans are
outstanding pursuant to Section 2.04(a), the Global Revolving Credit Lenders. 
 “Approved
Fund” means any Fund that is administered or managed by (a) a Lender, (b) an Affiliate or branch of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 

“Arrangers” means, collectively, BofA Securities, Inc. (or any other registered broker-dealer wholly-owned by
Bank of America Corporation to which all or substantially all of Bank of America Corporation’s or any of its subsidiaries’ investment banking, commercial lending services or related businesses may be transferred following the date of this
Agreement), Wells Fargo Securities, LLC, and Citizens Bank, N.A. each in its capacity as joint lead arranger and joint bookrunner. 

“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 Section 10.06(b)), and accepted by the Administrative Agent, in substantially the form of Exhibit E or
any other form (including an electronic documentation form generated by use of an electronic platform) approved by the Administrative Agent. 

“Attributable Indebtedness” means, on any date, in respect of any Capital Lease of any Person, the
capitalized amount thereof that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP. 

“Audited Financial Statements” means the audited consolidated balance sheet of the Company and its
Subsidiaries for the fiscal year ended June 30, 2021, and the related consolidated statements of comprehensive income, stockholders’ equity and cash flows for such fiscal year of the Company and its Subsidiaries, including the notes
thereto, audited by Ernst & Young LLP, independent auditors. 
 “Auditor” has the meaning
specified in Section 6.01(a). 
 “Auto-Extension Letter of Credit” has the meaning specified in
Section 2.03(b)(iv). 
 “Availability Period” means, in respect of the Revolving Facility, the
period from and including the Closing Date to the earliest of (a) the Maturity Date, (b) the date of termination of the Revolving Commitments pursuant to Section 2.06, and (c) the date of termination of the commitment of
each Revolving Lender to make Revolving Loans and of the obligation of the L/C Issuer to make L/C Credit Extensions pursuant to Section 8.02. 

“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable Resolution
Authority in respect of any liability of an Affected Financial Institution. 
 “Bail-In Legislation” means,
(a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, rule, regulation or requirement for such EEA Member Country
from time to time which is described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule
applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment 

  
 6 

 
firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings). 

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

“Base Rate” means for any day a fluctuating rate of interest per annum equal to the highest of (a) the
Federal Funds Rate plus 1/2 of 1%, (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate,” and (c) the Eurodollar RateTerm
SOFR 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 such prime rate announced by Bank of America shall take effect at the opening of
business on the day specified in the public announcement of such change. If the Base Rate is being used as an alternate rate of interest pursuant to Section 3.03 hereof, then the Base Rate shall be the greater of clauses
(a) and (b) above and shall be determined without reference to clause (c) above. 

“Base Rate Committed Loan” means a Committed Loan that is a Base Rate Loan. 

“Base Rate Loan” means a Loan that bears interest based on the Base Rate. All Base Rate Loans shall be
denominated in Dollars. 
 “Beneficial Ownership Regulation” means 31 C.F.R. § 1010.230. 

“Benefit Plan” means any of (a) an “employee benefit plan” (as defined in ERISA) that is
subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or
Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”. 
 “BHC
Act Affiliate” of a party means an “affiliate” (as such term is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of such party. 

“Borrower” and “Borrowers” each has the meaning specified in the introductory
paragraph hereto. 
 “Borrower Materials” has the meaning specified in Section 6.02. 

“Borrowing” means a Committed Borrowing or a Swing Line Borrowing, as the context may require. 

“Business Day” means any day other than a Saturday, Sunday or other day on which commercial banks are
authorized to close under the Laws of, or are in fact closed in, the state where the Administrative Agent’s Office is located; provided that: 

(a)        if such day relates to any interest rate settings as to an
Alternative Currency Loan denominated in Euro or a Global Swing Line Loan (Euro), any fundings, disbursements, settlements and payments in Euro in respect of any such Alternative Currency Loan or Global Swing Line Loan (Euro), as applicable, or any
other dealings in Euro to be carried out pursuant to this Agreement in respect of any such Alternative Currency Loan or Global Swing Line Loan (Euro), as applicable, means a Business Day that is also a TARGET Day; 

(b)        if such day relates to any interest rate settings as to an
Alternative Currency Loan denominated in Sterling or a Global Swing Line Loan (Sterling), means a day other than a day banks are closed for general business in London because such day is a Saturday, Sunday or a legal holiday under the laws of the
United Kingdom; and 

  
 7 

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

(d)    
    if such day relates to any interest rate settings as to a Eurodollar Rate Loan denominated in Dollars, any fundings, disbursements, settlements and payments in Dollars in respect of any such Eurodollar Rate Loan, or any other
dealings in Dollars to be carried out pursuant to this Agreement in respect of any such Eurodollar Rate Loan, means any such day that is also a London Banking Day. 

“CAM Exchange” means the exchange of the Lenders’ interests provided for in Section 8.04.

 “CAM Exchange Date” means the date on which any Event of Default referred to in
Section 8.01(f) shall occur. 
 “CAM Percentage” means, as to each Lender, a fraction,
expressed as a decimal, of which (a) the numerator shall be the aggregate Dollar amount of the Designated Obligations owed to such Lender (whether or not at the time due and payable) immediately prior to the CAM Exchange Date and (b) the
denominator shall be the aggregate amount of the Designated Obligations owed to all the Lenders (whether or not at the time due and payable) immediately prior to the CAM Exchange Date. 

“Canadian Anti-Money Laundering Legislation” means the Criminal Code (Canada), the Proceeds of Crime (Money
Laundering) and Terrorist Financing Act (Canada) and the United Nations Act (Canada), and any regulations thereunder. 

“Canadian Dollars” means the lawful currency of Canada. 

“Canadian Borrower” means a Designated Foreign Borrower organized or existing under the laws of Canada or one
of the provinces or territories of Canada. 
 “Canadian Prime Rate” means, for any day a fluctuating rate of interest per
annum equal to the greater of (a) the per annum rate of interest quoted or established as the “prime rate” of the Administrative Agent which it quotes or establishes for such day as its reference rate of interest in order to determine
interest rates for commercial loans made by it in Canadian Dollars in Canada to its Canadian borrowers; and (b) the average CDOR Rate for a 30-day term plus
1⁄2 of 1% per annum, adjusted automatically with each quoted or established change in such rate, all without the necessity of any notice to any Borrower or any
other Person. Such prime rate is based on various factors including cost 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 shall take effect at the opening of business on the day specified in the public announcement of such change. 

“Capital Lease” means, with respect to any Person, as of any date of determination, any lease of any property
by such Person that has been or is required to be, in accordance with GAAP (subject to Section 1.03(b)), recorded, classified and accounted for as a capitalized lease. 

“Cash Collateralize” means to pledge and deposit with or deliver to the Administrative Agent, for the benefit
of the Administrative Agent, L/C Issuer, U.S. Swing Line Lender or Global Swing Line Lender (as applicable) and the Lenders, as collateral for L/C Obligations, Obligations in respect of Swing Line Loans, or obligations of Lenders to fund
participations in respect of either thereof (as the context may 

  
 8 

 
require), cash or deposit account balances or, if the L/C Issuer or a Swing Line Lender benefitting from such collateral shall agree in its sole discretion, other credit support, in each case
pursuant to documentation in form and substance satisfactory to (a) the Administrative Agent and (b) the L/C Issuer, the U.S. Swing Line Lender or the Global Swing Line Lender (as applicable). “Cash Collateral” shall have
a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support. 

“Cash Equivalents” means any of the following types of Investments, to the extent owned by the Company or any
of its Subsidiaries free and clear of all Liens (other than Permitted Liens, including Liens created under the Collateral Documents): 

(a)        Dollars, Euro, Sterling, Australian dollars, Swiss francs,
Canadian Dollars, Japanese yen or such other currencies held by it from time to time in the ordinary course of business; 

(b)        readily marketable obligations issued or directly and fully
guaranteed or insured by the government or any agency or instrumentality of (i) the United States, (ii) the United Kingdom or (iii) any member nation of the European Union rated A-2 (or the equivalent thereof) or better by S&P or
P-2 (or the equivalent thereof) or better by Moody’s, having average maturities of not more than 12 months from the date of acquisition thereof; provided that the full faith and credit of the United States, the United Kingdom or such
member nation of the European Union is pledged in support thereof; 

(c)        time deposits or demand deposits with, or insured
certificates of deposit or bankers’ acceptances of, any commercial bank that (i) is a Lender or (ii) has combined capital and surplus and undivided profits of not less than $500,000,000 (or the Dollar Equivalent as of the date of
determination) (any such bank, an “Approved Bank”), in each case with average maturities of not more than 12 months from the date of acquisition thereof; 

(d)        commercial paper and variable or fixed rate notes issued by
an Approved Bank (or by the parent company thereof) or any variable or fixed rate note issued by, or guaranteed by, a Person rated A-2 (or the equivalent thereof) or better by S&P or P-2 (or the equivalent thereof) or better by Moody’s, in
each case with average maturities of not more than 12 months from the date of acquisition thereof; 

(e)        repurchase agreements entered into by any Person with an
Approved Bank, in each case, for direct obligations issued by or fully guaranteed or insured by the government or any agency or instrumentality of (i) the United States, (ii) the United Kingdom or (iii) any member nation of the
European Union rated A-2 (or the equivalent thereof) or better by S&P and P-2 (or the equivalent thereof) or better by Moody’s, in which such Person shall have a perfected first priority security interest (subject to no other Liens) and
having, on the date of purchase thereof, a Fair Market Value of at least 100% of the amount of the repurchase obligations; 

(f)        marketable short-term money market and similar highly
liquid funds either (i) having combined capital and surplus and undivided profits of not less than $500,000,000 (or the Dollar Equivalent as of the date of determination) or (ii) having a rating of at least A-2 or P-2 from either S&P
or Moody’s (or, if at any time neither S&P nor Moody’s shall be rating such obligations, an equivalent rating from another nationally recognized rating service), in each case, maturing within 12 months after the date of creation
thereof; 
 (g)        securities with average maturities of 12
months or less from the date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States, or by any political subdivision or taxing authority of any such state, commonwealth or territory having an
investment grade rating from either S&P or Moody’s (or the equivalent thereof); 

  
 9 

(h)        investments with average maturities of 12 months or less
from the date of acquisition in mutual funds rated A (or the equivalent thereof) or better by S&P or A2 (or the equivalent thereof) or better by Moody’s; 

(i)        in the case of any Foreign Subsidiary, liquid investments
made by such Foreign Subsidiary in the ordinary course of managing its surplus cash position in investments of comparable terms and credit quality as those described in clauses (a) through (h) above. 

“Cash Management Agreement” means any agreement and other arrangement to provide cash management services,
including treasury, depository, overdraft, credit or debit card, electronic funds transfer, cash pooling arrangements, netting services and other cash management or treasury arrangements. 

“Cash Management Bank” means any Person that (a) has entered into a Cash Management Agreement with any
Loan Party or any Subsidiary of a Loan Party prior to the Closing Date, if (i) such Person is a Lender or an Affiliate or branch of a Lender, in its capacity as a party to such Cash Management Agreement, as of the Closing Date and
(ii) such Cash Management Agreement was a Secured Cash Management Agreement pursuant to the Existing Credit Agreement; or (b) enters into a Cash Management Agreement with any Loan Party or any Subsidiary of a Loan Party on or after the
Closing Date, if such Person is a Lender or an Affiliate or branch of a Lender, in its capacity as a party to such Cash Management Agreement, at the time it enters into such Cash Management Agreement. 

“CDOR” has the meaning specified in clause (b) of the “Alternative Currency Term Rate”. 

“CFC” means a “controlled foreign corporation” within the meaning of Section 957 of the Code.

 “Change in Law” means the occurrence, after the date of this Agreement, of any of the following:
(a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority
or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary, (x) the Dodd-Frank
Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith 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 or CRD IV, shall in each case be deemed to be a “Change
in Law”, regardless of the date enacted, adopted or issued. 
 “Change of Control” means an event or
series of events by which an event or series of events by which any “person” or “group” becomes the “beneficial owner” directly or indirectly, of 40% or more of the combined voting power of all securities of the Company
entitled to vote for members of the board of directors of the Company. 
 For purposes of this definition, including other defined terms
used herein in connection with this definition and notwithstanding anything to the contrary in this definition or any provision of Section 13d-3 of the Exchange Act, (i) “beneficial ownership” shall be as defined in Rules 13(d)-3
and 13(d)-5 under the Exchange Act as in effect on the date hereof, (ii) the phrase Person or group is within the meaning of Section 13(d) or 14(d) of the Exchange Act, but excluding any employee benefit plan of such Person or group or its
subsidiaries and any Person acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan, and (iii) a Person or group shall not be deemed to beneficially own Equity Interests to be acquired by such Person or
group pursuant to a stock or asset purchase agreement, merger agreement, option agreement, warrant agreement or similar agreement (or voting or option or similar agreement related 

  
 10 

 
thereto) until the consummation of the acquisition of the Equity Interests in connection with the transactions contemplated by such agreement. 

“Closing Date” means the first date all the conditions precedent in Section 4.01 are satisfied or
waived in accordance with Section 10.01. 
 “CME” means CME
Group Benchmark Administration Limited. 

“Code” means the Internal Revenue Code of 1986. 

“Collateral” means all of the “Collateral” or similar terms referred to in the Collateral Documents
and all of the other property that is or is intended under the terms of the Collateral Documents to be subject to Liens in favor of the Administrative Agent for the benefit of the Secured Parties. 

“Collateral and Guarantee Requirement” means, at any time on and after the Closing Date, the requirement
that: 
 (a)        the Administrative Agent shall have received (i) from the
Company and each Domestic Subsidiary (other than an Excluded Subsidiary), as applicable, (x) on the Closing Date, a counterpart of the Company Guaranty or the Subsidiary Guaranty, as applicable, duly executed and delivered on behalf of such
Person and (y) in the case of any Person that becomes a Loan Party after the Closing Date (including by ceasing to be an Excluded Subsidiary), a supplement to the Subsidiary Guaranty, in the form specified therein, duly executed and delivered
on behalf of such Person and (ii) from the Company and each Subsidiary Guarantor, as applicable, (x) on the Closing Date, a counterpart of the Security Agreement duly executed and delivered on behalf of such Person and (y) in the case
of any Person that becomes a Loan Party after the Closing Date (including by ceasing to be an Excluded Subsidiary), a supplement to the Security Agreement, in the form specified therein, duly executed and delivered on behalf of such Person, together
with, in the case of each of clauses (a)(i)(y) and (a)(ii)(y), documents of the type referred to in Section 4.01(a)(iv), and, to the extent reasonably requested by the Administrative Agent, opinions of the type referred to in
Section 4.01(a)(v); 
 (b)        (i) 100% of the issued and
outstanding Equity Interests of each Domestic Subsidiary (other than Equity Interests constituting Excluded Assets) directly owned by a Loan Party shall have been pledged pursuant to the Security Agreement and (ii) 65% of the issued and
outstanding Equity Interests entitled to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) and 100% of the issued and outstanding Equity Interests not entitled to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2))
in each Foreign Subsidiary (other than Equity Interests constituting Excluded Assets) directly owned by a Loan Party shall have been pledged pursuant to the Security Agreement (and, in each of the foregoing cases, the Administrative Agent shall have
received any certificates or other instruments representing such Equity Interests (other than any such Equity Interests in a Person that is not a Subsidiary of the Company), together with undated stock powers or other instruments of transfer with
respect thereto endorsed in blank); 
 (c)        if any Indebtedness for borrowed
money of the Company or any Subsidiary in a principal amount of $5,000,000 or more is owing by such obligor to any Loan Party and such Indebtedness is evidenced by a promissory note, such promissory note shall have been pledged pursuant to the
Security Agreement (and, to the extent required by the Security Agreement, the Administrative Agent shall have received all such promissory notes, together with undated instruments of transfer with respect thereto endorsed in blank); and 

(d)        all certificates, agreements, documents and instruments, including Uniform
Commercial Code financing statements, required by the Security Agreement, applicable Law and reasonably requested by the Administrative Agent to be filed, delivered, registered or recorded to create the Liens intended to be

  
 11 

 
created by the Collateral Documents and perfect such Liens to the extent required by, and with the priority required by, the Security Agreement and the other provisions of the term
“Collateral and Guarantee Requirement,” shall have been filed, registered or recorded or delivered to the Administrative Agent for filing, registration or recording. 

Notwithstanding the foregoing provisions of this definition or anything in this Agreement or any other Loan Document to the contrary,
(a) the foregoing provisions of this definition shall not require the creation, perfection (or reaffirmation) of pledges of or security interests in, or the obtaining of title insurance, surveys, legal opinions or other deliverables with
respect to, particular assets of the Loan Parties, or the provision of Guaranties by any Subsidiary, if, and for so long as and to the extent that the Administrative Agent and the Company reasonably agree in writing that the cost of creating or
perfecting (or reaffirming) such pledges or security interests in such assets, or obtaining such title insurance, surveys, legal opinions or other deliverables in respect of such assets, or providing such Guaranties (taking into account any adverse
Tax consequences to the Company and its Subsidiaries (including the imposition of withholding or other material Taxes)), shall be excessive in relation to the benefits to be obtained by the Lenders therefrom, (b) Liens required to be granted
from time to time pursuant to the term “Collateral and Guarantee Requirement” shall be subject to exceptions and limitations set forth in the Security Agreement as in effect on the Closing Date, (c) in no event shall control
agreements or other control or similar arrangements be required with respect to deposit accounts, securities accounts, commodities accounts or other assets specifically requiring perfection by control agreements (other than certificated securities),
(d) no perfection actions shall be required with respect to vehicles and other assets subject to certificates of title, (e) no perfection actions shall be required with respect to commercial tort claims with a value less than $5,000,000
individually, and other than the filing of UCC financing statements no perfection shall be required with respect to promissory notes evidencing debt for borrowed money in a principal amount of less than $5,000,000 individually, (f) other than
(i) as required by Section 6.12 for any Designated Foreign Borrower and (ii) with respect to pledges of Equity Interests of Foreign Subsidiaries existing as of the Closing Date and set forth on Schedule 1.01, no actions
in any non-U.S. jurisdiction or required by the laws of any non-U.S. jurisdiction shall be required to be taken to create any security interests in assets located or titled outside of the United States (including any Equity Interests of Foreign
Subsidiaries and any foreign Intellectual Property) or to perfect any security interests in any such assets, (g) no actions shall be required to perfect a security interest in letter of credit rights (other than the filing of UCC financing
statements) with a value less than $5,000,000 individually, (h) no Loan Party shall be required to deliver or obtain any landlord lien waivers, estoppel certificates or collateral access agreements or letters, (i) no Loan Party shall be
required to deliver or obtain a mortgage in respect of fee-owned or leased real property, (j) no actions shall be required to enter into any source code escrow arrangement or register any Intellectual Property and (k) in no event shall the
Collateral include any Excluded Assets. The Administrative Agent may grant extensions of time or waivers for the creation and perfection of security interests in or the obtaining of title insurance, surveys, legal opinions or other deliverables with
respect to particular assets or the provision of any Guarantee by any Subsidiary (including extensions beyond the Closing Date or in connection with assets acquired, or Subsidiaries formed or acquired, after the Closing Date) where it determines
that such action cannot be accomplished without undue effort or expense by the time or times at which it would otherwise be required to be accomplished by this Agreement or the Collateral Documents. 

“Collateral Documents” means, collectively, the Security Agreement, the Intellectual Property Security
Agreements, each of the collateral assignments, Security Agreement Supplements, security agreements, pledge agreements, or other similar agreements delivered to the Administrative Agent pursuant to the Collateral and Guarantee Requirement,
Section 6.12, or Section 6.17 and each of the other agreements, instruments or documents that creates or purports to create a Lien in favor of the Administrative Agent for the benefit of the Secured Parties. 

“Commitment” means a Revolving Commitment and/or a Term Commitment, as the context may require. 

  
 12 

 “Commitment Fee” means the U.S. Commitment Fee and/or
Global Commitment Fee, as the context may require. 
 “Committed Borrowing” means a U.S. Revolving Credit
Borrowing, a Global Revolving Credit Borrowing or a Term Borrowing, as the context may require. 
 “Committed
Loan” means a U.S. Revolving Credit Loan, a Global Revolving Credit Loan or a Term Loan, as the context may require. 

“Committed Loan Notice” means a notice of (a) a Committed Borrowing, (b) a conversion of Committed
Loans from one Type to the other, or (c) a continuation of Eurodollar
RateTerm SOFR Loans, pursuant to
Section 2.02(a), which shall be substantially in 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 or delivered, as applicable, by a Responsible Officer of the Company. 

“Communication” means this Agreement, any Loan Document and any document, amendment, approval, consent,
information, notice, certificate, request, statement, disclosure or authorization related to any Loan Document. 

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

“Company Guaranty” means the Third Amended and Restated Company Guaranty, dated as of the Closing Date and
made by the Company in favor of the Administrative Agent. 
 “Compliance Certificate” means a certificate
substantially in the form of Exhibit D. 

“
Conforming Changes” means, with respect to the use, administration of or any conventions associated
with SOFR, SONIA, EURIBOR, CDOR, €STR or any proposed Successor Rate, as applicable, for an Agreed
Currency, as applicable, any conforming changes to the definitions of “Base Rate”,
“SOFR”, “SONIA”, “EURIBOR”, “CDOR” or “€STR”,
and “Interest Period”, timing and frequency of determining rates and making payments of interest
and other technical, administrative or operational matters (including, for the avoidance of doubt, the
definitions of “Business Day” and “U.S. Government Securities Business Day”, timing of borrowing requests or prepayment, conversion or continuation notices and length of lookback
periods) as may be appropriate, in the discretion of the Administrative Agent, to reflect the adoption and implementation of such applicable rate(s) and to permit the administration thereof by the Administrative Agent in a manner substantially
consistent with market practice for such Agreed Currency (or, if the Administrative Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such rate
for such
Agreed Currency
 exists, in such other manner of administration as the Administrative Agent determines is reasonably necessary in connection with the administration of this Agreement and any other Loan Document), in each case in consultation with the
Company. 
 “Connection Income Taxes” means
Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes. 

“Consolidated” means, when used with reference to financial statements or financial statement items of the
Company and its Subsidiaries or any other Person, such statements or items on a consolidated basis in accordance with the consolidation principles of GAAP. 

“Consolidated Assets” means, as of any date of determination, total assets of the Company and its
Subsidiaries on a consolidated basis, as determined in accordance with GAAP. 

  
 13 

 “Consolidated EBITDA” means, for any period, for the
Company and its Subsidiaries on a consolidated basis, an amount equal to Consolidated Net Income (Net Loss) for such period, plus: (a) the following to the extent deducted in calculating such Consolidated Net Income (Net Loss) (and
without duplication): (i) depreciation, depletion, if any, and amortization expense for such period,; (ii) interest expense for such period,; (iii) provision for taxes based on income, profits, revenue or capital, including federal, foreign, state, local and provincial income, franchise, excise, value added and similar taxes based on income,
profits, revenue, gross receipts or capital and foreign withholding taxes paid or accrued during such period (including in respect of repatriated
funds),;
 (iv) other non-cash charges for such period,; (v) non-cash restructuring charges and non-cash asset impairment
charges,;
 (vi) charges arising from adjustments to and finalization of any contingent payments which have been paid or are or will become payable in connection with any acquisition,; (vii) reasonable and customary charges which arise from the existence and subsequent write-off of duplicative facilities directly related to an acquisition (including by way of merger or amalgamation)
consummated by the Company or any Subsidiary (whether such facilities were owned or operated by the Company, such Subsidiary or the Person
acquired),;
 (viii) out-of-pocket third party costs and expenses (including any transaction or retention bonus or similar payment, earnout, contingent consideration or purchase price adjustment) incurred by
the Company or any Subsidiary in such period in connection with acquisitions and dispositions, debt incurrences, repayments or amendments thereto, equity issuances or other strategic transactions (including transactions undertaken but not
completed),;
 (ix) any non-cash charges which result from any change in accounting principles or
methods,;
 (x) extraordinary, unusual or non-recurring items (including litigation related expenses and
settlements),;
 (xi) proceeds from business interruption insurance received by the Company or any of its Subsidiaries in such period in an amount representing the earnings for such period that such proceeds are
intended to replace (to the extent (x) not reflected as revenue or income in Consolidated Net Income (Net Loss) and (y) that the related loss was deducted (and not added back) in the calculation of Consolidated Net Income (Net
Loss)),;
 (xii) any losses realized from the disposal, abandonment or discontinuance of operations (but if such operations are classified as discontinued due to the fact that they are subject to an agreement to
dispose of such operations, at Company’s election, only when and to the extent such operations are actually disposed of) of the Company and its Subsidiaries outside of the ordinary course of business,; (xiii) any restructuring charges, integration and offices and facilities opening costs, project start-up costs, costs related to the closure and/or consolidation of offices and facilities, severance costs
and recruiting fees and expenses and costs incurred in connection with new systems design and implementation costs and other business optimization expenses (including related to new product or new market initiatives and other strategic or cost
saving and rationalization
initiatives),;
provided that the aggregate amount of add-backs made pursuant to this clause (a)(xiii) for any period shall not in the aggregate exceed an amount equal to 20% of Consolidated EBITDA for such period (calculated prior to giving effect to this clause
(a)(xiii) in any such period); (xiv) losses or discounts on sales of receivables or related items with any Permitted Factoring Program or Qualified Securitization Facility (including
Securitization
Fees),;
 (xv) the amount of expenses relating to payments made to option, phantom equity or profits interests holders of the Company in connection with, or as a result of, any distribution being made to
equityholders of such Person, which payments are being made to compensate such option, phantom equity or profits interests holders as though they were equityholders at the time of, and entitled to share in, such distribution, including any cash
consideration for any repurchase of equity, in each case to the extent permitted in the Loan Documents; (xvi) (A) any costs or expenses incurred by the Company or any Subsidiary pursuant to any management equity plan or stock option plan
or phantom equity plan or any other management or employee benefit plan or agreement, any severance agreement or any equity subscription or equityholder agreement and (B) any expenses and costs that result from any long-term incentive plan, in
each case, to the extent that such costs or expenses are non-cash or otherwise funded with cash proceeds contributed to the capital of the Company or Net Cash Proceeds of an issuance of common Equity Interests of the Company and (xvii) any net
pension or other post-employment benefit costs representing amortization of unrecognized prior service costs, actuarial losses, including amortization of such amounts arising in prior periods, amortization of the unrecognized net obligation (and
loss or cost) existing at the date of initial application of FASB Accounting Standards Codification 715, and any other items of a similar nature, in each case, for such period; and minus  

  
 14 

 (b) the following to the extent included in calculating such Consolidated Net Income (Net
Loss): (i) credits arising from adjustments to and finalization of any contingent payments which have been paid in connection with any acquisition, (ii) all extraordinary or unusual gains, and (iii) any gains realized from the
disposal, abandonment or discontinuance of operations (but if such operations are classified as discontinued due to the fact that they are subject to an agreement to dispose of such operations, at Company’s election, only when and to the extent
such operations are actually disposed of) of the Company and its Subsidiaries outside of the ordinary course of business. 
 For purposes of
calculating Consolidated EBITDA for any period of four consecutive quarters, if during such period the Company or any Subsidiary shall have acquired or disposed of any Person or acquired or disposed of all or substantially all of the operating
assets, a line of business or a brand of any Person, Consolidated EBITDA for such period shall be calculated on a pro forma basis. For purposes of this definition, (x) “pro forma basis” means, with respect to any
determination for any period, that such determination shall be made giving pro forma effect to each acquisition or disposition consummated, or any Person becoming, or ceasing to be, a consolidated Subsidiary, in each case during such period
(including any incurrence, assumption, refinancing or repayment of Indebtedness), as if such acquisition or disposition or consolidation or deconsolidation and related transactions had been consummated on the first day of such period, in each case
based on historical results accounted for in accordance with GAAP, (y) “acquisition” means any acquisition (including by way of a merger or amalgamation) of property by the Company or any Subsidiary that constitutes all or
substantially all of the assets of a Person, or of a line of business or brand of such Person, or all or substantially all of the Equity Interests of such Person and (z) “disposition” means any disposition of property by the Company
or any Subsidiary that constitutes all or substantially all of the assets of a Person, or of a line of business or brand of such Person, or all or substantially all of the Equity Interests of such Person. 

“Consolidated Interest Expense” means, as of any date of determination, the sum of all cash interest expense
(but excluding any amortization of deferred financing costs) with respect to Indebtedness of the Company and its Subsidiaries on a consolidated basis, determined in accordance with GAAP net of interest income. Consolidated Interest Expense shall be
calculated with respect to the Company and its Subsidiaries on a consolidated basis and shall be calculated (without duplication) over the four fiscal quarters immediately preceding the date of determination thereof; provided that, in the
event that the Company or any of its Subsidiaries (x) prepays the principal balance of the Term Loans pursuant to Sections 2.05(b)(iii), (y) permanently repays or prepays any term Indebtedness with the proceeds of any Disposition or
(z) ceases to be liable for any Indebtedness (and the Company and its Subsidiaries’ availability with respect to such Indebtedness is reduced to zero) as a result of any Disposition, in each case, during the period for which Consolidated
Interest Expense is being calculated (including concurrently with any event for which the calculation of the Consolidated Interest Expense is made), then Consolidated Interest Expense shall be calculated giving pro forma effect to such prepayment or
repayment (solely to the extent such prepayment is applied to the principal balance of the Term Loans or such other term Indebtedness) or cessation of liability as if the same had occurred on the first day of the applicable period. 

“Consolidated Leverage Ratio” means, as of any date of determination, the ratio of (a) Consolidated
Total Net Debt as of such date to (b) Consolidated EBITDA for the period of the four fiscal quarters most recently ended. 

“Consolidated Maintenance Capital
Expenditures” means, as of any date of determination, the sum of expenditures by the Company and its Subsidiaries, on a consolidated basis, by the expenditure of cash or the incurrence of Indebtedness, with respect to the replacement, repair,
maintenance and upkeep of any fixed or capital assets (to the extent capitalized on the financial statements of the Company), in accordance with GAAP. Consolidated Maintenance Capital Expenditures shall be calculated (without duplication) over the
four fiscal quarters immediately preceding the date of determination thereof. For purposes of calculating Consolidated Maintenance Capital Expenditures for any period of four consecutive quarters, if  

  
 15 

 
during such period the Company or any Subsidiary shall have disposed of any Person or disposed of all or
substantially all of the operating assets, a line of business or a brand of any Person, Consolidated Maintenance Capital Expenditures for such period shall be calculated on a pro forma basis. For purposes of this definition, (x) “pro forma
basis” means, with respect to any determination for any period, that such determination shall be made giving pro forma effect to any such disposition, as if such disposition had been consummated on the first day of such period, and the capital
expenditures associated with and expended solely for the benefit of such disposed operating assets, line of business or brand had not been made by the Company and its Subsidiaries, in each case based on historical results accounted for in accordance
with GAAP, and (y) “disposition” means any disposition (or classification as discontinued) of property by the Company or any Subsidiary that constitutes all or substantially all of the assets of a Person, or of a line of business or
brand of such Person, or all or substantially all of the Equity Interests of such Person. 

“Consolidated Net Income (Net Loss)” means, for any period, the net income (or net loss) of the Company and
its Subsidiaries on a consolidated basis for such period, determined in accordance with GAAP; provided that there shall be excluded therefrom the income (or deficit) of any Person (other than a Subsidiary that would be included in the
consolidated financial statements of the Company and its Subsidiaries in accordance with GAAP) in which the Company or any of its Subsidiaries has an ownership interest (e.g., a joint venture), except to the extent that any such income has
been actually received by the Company or any of its Subsidiaries in the form of dividends or similar distributions (and whether in cash, securities or other property). 

“Consolidated Net Worth” means, as of any date of determination, the consolidated stockholder’s equity
of the Company and its Subsidiaries, as determined in accordance with GAAP. 
 “Consolidated Secured Leverage
Ratio” means, as of any date of determination, the ratio of (a) Consolidated Total Net Debt as of such date that is secured by a Lien on assets of the Company and its Subsidiaries to (b) Consolidated EBITDA for the period
of the four fiscal quarters most recently ended. 
 “Consolidated Total Funded Debt” means, as of any date
of determination, the sum of all Indebtedness of the Company and its Subsidiaries, on a consolidated basis, for borrowed money and for noncontingent deferred purchase price obligations incurred in connection with any Acceptable Acquisition (at the
time of and to the extent such obligation is included as a liability on the balance sheet of the Company and its Subsidiaries in accordance with GAAP), including, in each case, the current portion thereof and including Attributable Indebtedness in
respect of Capital Leases, determined in accordance with GAAP; provided that “Consolidated Total Funded Debt” shall not include seller Indebtedness of the Company incurred in connection with acquisitions permitted hereunder, solely
to the extent (i) payable in Equity Interests of the Company and (ii) identified to the Administrative Agent in writing. 

“Consolidated Total Net Debt” means, as of any date of determination, the sum of (a) Consolidated Total
Funded Debt determined in accordance with GAAP, plus (b) all unreimbursed drawings on letters of credit of the Company and is Subsidiaries on a consolidated basis, minus (c) an aggregate amount of Unrestricted Cash of the Company and its
Subsidiaries (but excluding, for the avoidance of doubt, for the Company and its Subsidiaries on a consolidated basis (i) undrawn letters of credit letters, (ii) obligations under any Swap Contract, (iii) obligations relating to any
receivables financings permitted herein, including any Permitted Factoring Program or Qualified Securitization Facility and (iv) obligations to purchase, redeem, retire, defease or otherwise make any payment in respect of any Equity Interest).

 “Consolidated TTM EBITDA” means, as of any date of determination, Consolidated EBITDA determined for the
12 month period most recently ended. 

  
 16 

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

“Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the
management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise; provided that, in any event, any Person who owns directly or indirectly 20% or more of the Equity Interests having ordinary
voting power for the election of directors or other governing body of a corporation or 20% or more of the Equity Interests of any other Person (other than as a limited partner of such other Person) will be deemed to control such corporation or other
Person. “Controlling” and “Controlled” have meanings correlative thereto. 

“Corporate Restructuring” means any internal reorganization or restructuring transactions entered into among
the Company and/or its Subsidiaries in connection with bona fide tax planning activities so long as (i) if a Borrower is party to any merger or consolidation as part of such reorganization or restructuring transactions, such Borrower shall be
the surviving entity, (ii) the Company determines in good faith that such action is in the best interests of the Company and its Subsidiaries, (iii) the value of the Collateral securing the Obligations, when taken as a whole, is not
materially reduced after giving effect to such reorganization or restructuring transaction (as reasonably determined by the Company in consultation with the Administrative Agent), and (iv) the security interest of the Administrative Agent, on
behalf of the Lenders, in the Collateral, when taken as a whole, is not adversely impacted after giving effect to such reorganization or restructuring transaction (as reasonably determined by the Company in consultation with the Administrative
Agent). 
 “Covered Entity” means any of the following: (a) a “covered entity” as that term
is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (b) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or (c) a “covered FSI” as
that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b). 
 “CRD IV” means
(a) Regulation (EU) No 575/2013 of the European Parliament and of the Council of June 26, 2013 on prudential requirements for credit institutions and investment firms; and (b) Directive 2013/36/EU of the European Parliament and of the
Council of June 26, 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms. 

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

 “Customer” means any Account Debtor of the Company or any of its Subsidiaries. 

“Daily
 Simple SOFR” with respect to any applicable determination date means the SOFR published on such date on the Federal Reserve Bank of New York’s website (or any successor source).

 “Debtor Relief Laws” means the Bankruptcy Code of the United States, the UK Insolvency Act 1986
(UK), the Bankruptcy and Insolvency Act (Canada), the Companies’ Creditors Arrangement Act (Canada), the Winding-up and Restructuring Act (Canada), the Dutch Bankruptcy Act (Faillissementswet), any other laws governing the insolvency
procedures referred to in Annex A to the Insolvency Regulation, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, administration, insolvency, reorganization, or
similar debtor relief Laws of the United States, Canada or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally. 

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

  
 17 

 “Default Rate” means (a) when used with respect to
Obligations other than Letter of Credit Fees, an interest rate equal to (i) the Base Rate plus (ii) the Applicable Rate, if any, applicable to Base Rate Loans plus (iii) 2.00% per annum; provided that with
respect to a Eurodollar
RateTerm SOFR Loan, Alternative Currency Loan or a
Global Swing Line Loan denominated in an Alternative Currency, the Default Rate shall be an interest rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan plus 2.00% per annum, and
(b) when used with respect to Letter of Credit Fees, a rate equal to the Applicable Rate plus 2.00% per annum. 

“Defaulting Lender” means, subject to Section 2.17(b), any Lender that (a) has failed to
(i) fund all or any portion of its Loans within two Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies the Administrative Agent and the Company in writing that such failure is the result of
such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay
to the Administrative Agent, the L/C Issuer, the U.S. Swing Line Lender, the Global Swing Line Lender or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit or Swing
Line Loans) within two Business Days of the date when due, (b) has notified the Company, the Administrative Agent, the L/C Issuer, the U.S. Swing Line Lender or the Global Swing Line Lender in writing that it does not intend to comply with its
funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s
determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three
Business Days after written request by the Administrative Agent or the Company, to confirm in writing to the Administrative Agent and the Company 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 Company), or (d) has, or has a direct or indirect parent company that has,
(i) become the subject of a proceeding under any Debtor Relief Law, (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization
or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity or (iii) become the subject of a Bail-In Action; provided that a
Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any Equity Interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not
result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject,
repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above, and
of the effective date of such status, shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.17(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 Company, the L/C Issuer, the U.S. Swing Line Lender, the Global Swing Line Lender and each other Lender promptly following such
determination. 
 “Designated Borrower” has the meaning specified in the introductory paragraph
hereto. 
 “Designated Borrower Notice” has the meaning specified in Section 2.14. 

“Designated Borrower Request and Assumption Agreement” has the meaning specified in Section 2.14.

 “Designated Borrower Requirements” has the meaning specified in Section 2.14(a). 

  
 18 

 “Designated Foreign Borrower” means each Designated
Borrower that is a Foreign Subsidiary of the Company. 
 “Designated Foreign Borrower Sublimit” means an
amount equal to the lesser of (a) $360,000,000 and (b) the Global Revolving Credit Facility. The Designated Foreign Borrower Sublimit is part of, and not in addition to, the Global Revolving Credit Facility. 

“Designated Jurisdiction” means any country or territory to the extent that such country or territory itself
is the subject of any Sanction. 
 “Designated Lender” has the meaning specified in
Section 2.18. 
 “Designated Obligations” means all obligations of the Borrowers with respect
to (a) principal of and interest on the Loans and (b) accrued and unpaid fees under the Loan Documents. 

“Disposition” or “Dispose” means the sale, transfer, license, lease or other disposition
(including any sale and leaseback transaction) of any property by any Person, including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith.

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

“Dollar Equivalent” means, at any time, (a) with respect to any amount denominated in Dollars, such
amount, and (b) with respect to any amount denominated in any Alternative Currency, the equivalent amount thereof in Dollars as determined by the Administrative Agent at such time on the basis of the Spot Rate (determined in respect of the most
recent Revaluation Date) for the purchase of Dollars with such Alternative Currency. 
 “Domestic
Subsidiary” means any Subsidiary that is organized under the laws of any political subdivision of the United States. 

“Dutch Borrower” means any Designated Foreign Borrower existing and organized under Dutch law. 

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

“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and
Norway. 
 “EEA Resolution Authority” means any public administrative authority or any Person entrusted
with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Electronic Copy” shall have the meaning specified in Section 10.17. 

“Electronic Record” and “Electronic Signature” shall have the meanings assigned to them,
respectively, by 15 USC §7006, as it may be amended from time to time. 

  
 19 

 “Eligible Assignee” means any Person that meets the
requirements to be an assignee under Section 10.06(b)(iii), (v), and (vi) (subject to such consents, if any, as may be required under Section 10.06(b)(iii)). 

“Eligible Currency” means any lawful currency other than Dollars that is readily available, freely
transferable and convertible into Dollars in the international interbank market available to the Lenders in such market and as to which a Dollar Equivalent may be readily calculated. If, after the designation by the Lenders of any currency as an
Alternative Currency, any change in currency controls or exchange regulations or any change in the national or international financial, political or economic conditions are imposed in the country in which such currency is issued, result in, in the
reasonable opinion of the Required Lenders (in the case of any Loans to be denominated in an Alternative Currency), (a) such currency no longer being readily available, freely transferable and convertible into Dollars, (b) a Dollar
Equivalent is no longer readily calculable with respect to such currency, (c) providing such currency is impracticable for the Lenders or (d) no longer a currency in which the Required Lenders are willing to make such Credit Extensions
(each of clauses (a), (b), (c), and (d), a “Disqualifying Event”), then the Administrative Agent shall promptly notify the Lenders and the Company, and such country’s currency shall no longer be an
Alternative Currency until such time as the Disqualifying Event(s) no longer exist. Within, five (5) Business Days after receipt of such notice from the Administrative Agent, the Borrowers shall repay all Loans in such currency to which the
Disqualifying Event applies or convert such Loans into the Dollar Equivalent of Loans in Dollars, subject to the other terms contained herein. 

“Eligible Investments” means (a) Cash Equivalents, (b) commercial paper rated not less than P-1 or
A-1 or their equivalent by Moody’s Investors Service, Inc. or Standard & Poor’s Financial Services LLC, respectively, (c) tax exempt securities of a U.S. issuer rated A or better by Standard & Poor’s Financial
Services LLC or rated A-2 or better by Moody’s Investors Services, Inc.; or (d) common stock issued by any corporation organized under the federal laws of the United States or any state thereof (other than the Company) which stock is
traded on any U.S. national securities exchange or quoted on NASDAQ, provided that, (i) at the time of purchase such common stock has a minimum share price of at least $2.00 per share, (ii) if any Loans are outstanding at the time
of purchase, such corporation is engaged in a similar line of business as the Company and its Subsidiaries, and (iii) the aggregate of all such purchases, determined in each instance at the time of purchase, of the common stock held by the
Company and its Subsidiaries shall not exceed $20,000,000. 
 “Environmental Laws” means any and all
federal, state, provincial, municipal, local, and foreign statutes, laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating to pollution
and the protection of the environment or the release of any materials into the environment, including those related to Hazardous Materials, air emissions and discharges to waste or public systems. 

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

“Equity Interests” means, with respect to any Person, all of the shares of capital stock of (or other
ownership or profit interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock of (or other ownership or profit interests in) such Person, all of the securities
convertible into or exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or acquisition from such Person of such shares (or such other interests), and all
of the other ownership or profit interests 

  
 20 

 
in such Person (including partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such shares, warrants, options, rights or other interests are
outstanding on any date of determination. 
 “ERISA” means the Employee Retirement Income Security Act of
1974. 
 “ERISA Affiliate” means any trade or business (whether or not incorporated) under common control
with the Company 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
any 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
that is treated as such a withdrawal under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by the Company or any ERISA Affiliate from a Multiemployer Plan; (d) the filing of a notice of intent to terminate any Pension
Plan under Section 4041A or 4042 of ERISA; (e) the institution by the PBGC of proceedings to terminate a Pension Plan; (f) any event or condition which constitutes grounds under Section 4041A or 4042 of ERISA for the termination
of, or the appointment of a trustee to administer, any Pension Plan; (g) other than with respect to any Exempted ERISA Subsidiary, the determination that any Pension Plan is considered to be in “at-risk” status (within the meaning of
Section 430 of the Code or Section 303 of ERISA) or any Multiemployer Plan is “endangered” or in “critical status” or “insolvent” within the meaning of Sections 431 and 432 of the Code or Sections 303, 304 and
305 of ERISA; (h) the incurrence by any Borrower or any ERISA Affiliate of any liability under Title IV of ERISA with respect to the termination of any Pension Plan or the imposition of a Lien pursuant to Section 430(k) of the Code or
pursuant to Section 303(k) or 4068 of ERISA with respect to any Pension Plan or (i) a failure by the Company or any ERISA Affiliate to meet all applicable requirements under the Pension Funding Rules in respect of a Pension Plan, whether
or not waived, or the failure by the Company or any ERISA Affiliate to make any required contribution to a Multiemployer Plan pursuant to Sections 431 or 432 of the Code. 

“ESG” has the meaning specified in Section 2.19. 

“ESG Amendment” has the meaning specified in Section 2.19. 

“ESG Pricing Provisions” has the meaning specified in Section 2.19. 

“€STR” means, with respect to any applicable determination date, the Euro Short Term Rate as
administered by the European Central Bank (or any other person which takes over the administration of that rate, the “€STR Administrator”) displayed on the European Central Bank’s website, currently at http://www.ecb.europa.eu,
or any successor source for €STR identified as such by the €STR Administrator from time to time on the Business Day preceding such determination date (and if that rate is less than zero, €STR shall be deemed to be zero); provided that
if such determination date is not a Business Day, €STR means such rate that applied on the first Business Day immediately prior thereto; provided further that €STR determined pursuant to the prior proviso shall be utilized for purposes of
the calculation of €STR for no more than three (3) consecutive days. 
 “EU Bail-In Legislation
Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. 

“EURIBOR” has the meaning specified in clause (a) of the definition of “Alternative Currency Term
Rate.” 

  
 21 

 “Euro” and “EUR” mean the
single currency of the Participating Member States. 
 “Eurodollar Rate” means,  

(a) for any Interest Period
with respect to a Eurodollar Rate Loan, the rate per annum equal to the London Interbank Offered Rate as administered by ICE Benchmark Administration
(or any other Person that takes over the administration of such rate for U.S. Dollars for a period equal in length to such Interest Period)
(“LIBOR”), as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations
as may be designated by the Administrative Agent from time to time) (in such case, the “LIBOR Rate”) at or about 11:00 a.m., London
time, two (2) 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; and 

(b) for any interest
calculation with respect to a Base Rate Loan on any date, the rate per annum equal to the LIBOR Rate, at or about 11:00 a.m., London time, two
(2) London Banking Days prior to such date for Dollar deposits with a term of one (1) month commencing that day; 

provided that, if the Eurodollar Rate shall be less
than zero, such rate shall be deemed zero for purposes of this Agreement. 

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

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

“Excluded Assets” means, with respect to any Loan Party, including any Person that becomes a Loan Party after
the Closing Date as contemplated by Section 6.12, (a) any fee-owned real property, (b) all leasehold interests in real property, (c) any governmental licenses or state or local franchises, charters or authorizations, to
the extent a security interest in any such license, franchise, charter or authorization would be prohibited or restricted thereby (including any legally effective prohibition or restriction, but excluding any prohibition or restriction that is
ineffective under the Uniform Commercial Code of any applicable jurisdiction), (d) any assets to the extent that (and for so long as) the pledge thereof or grant of a security interest therein is prohibited by applicable Law, rule or regulation
(including any legally effective requirement to obtain the consent of any Governmental Authority, but excluding any prohibition or restriction that is ineffective under the Uniform Commercial Code or other applicable law), (e) Equity Interests
of (x) Immaterial Subsidiaries (except to the extent a security interest therein can be perfected by filing of a UCC financing Statement) and (y) not-for-profit Subsidiaries, captive insurance companies and other similar special purpose
subsidiaries, (f) to the extent (and for so long as) not required to be pledged to secure the Obligations pursuant to the Collateral and Guarantee Requirement, Equity Interests of any Foreign Subsidiary or any FSHCO, (g) margin stock,
(h) any Equity Interests of a Person to the extent the pledge thereof would be prohibited by such Person’s Organization Documents or joint venture documents on the Closing Date (or, with respect to any Subsidiary acquired by a Loan Party
after the Closing Date, so long as such prohibition or restriction was not incurred in contemplation of such acquisition, on the date such Subsidiary is so acquired) (excluding any prohibition or restriction that is ineffective under the Uniform
Commercial Code), (i) assets to the extent a security interest in such assets would result in material adverse tax consequences to the Company or one of its Subsidiaries as reasonably determined by the Company in consultation with the
Administrative Agent, (j) any intent-to-use trademark application prior to the filing, and acceptance by the U.S. Patent and Trademark Office, of a “Statement of Use” or “Amendment to Allege Use” with respect thereto, to the
extent, if any, that, and solely during the period, if any, in which, the grant of a security interest therein would impair the validity or enforceability of such intent-to-use trademark application under applicable federal law, (k) any lease,
license, permit or other agreement or any property subject to such agreement, to the extent that, and for so long as, a grant of a 

  
 22 

 
security interest therein would require the consent of a third party (other than the Company or any Subsidiary) (unless such consent has been received) or violate or invalidate such lease,
license, permit or agreement or create a right of termination in favor of any other party thereto (other than the Company or any Subsidiary) (in each case, so long as such restrictions have not been entered into in contemplation thereof)), in each
case, after giving effect to the applicable anti-assignment provisions of applicable law (including the Uniform Commercial Code), rule or regulation other than proceeds and receivables thereof, to the extent the assignment thereof is expressly
deemed effective under applicable law (including the Uniform Commercial Code) notwithstanding such prohibition, (l) receivables subject to a Permitted Factoring Program or Qualified Securitization Facility, (m) commercial tort claims with
a value of less than $5,000,000 and letter-of-credit rights with a value of less than $5,000,000 (except to the extent a security interest therein can be perfected by a UCC filing), (n) vehicles and other assets subject to certificates of
title, and (o) any aircraft, airframes, aircraft engines or helicopters, or any equipment or other assets constituting a part thereof (except to the extent a security interest therein can be perfected by filing a UCC financing statement). 

“Excluded Subsidiary” means, as of any date of determination, any Subsidiary of the Company that (i) is
a captive insurance Subsidiary; (ii) is a not-for-profit Subsidiary; (iii) is an Immaterial Subsidiary; (iv) is a Receivables Subsidiary; (v) is not a Wholly-Owned Subsidiary of the Company; (vi) to the extent (and for so
long as) not required to guarantee the Obligations pursuant to the Collateral and Guarantee Requirement; or (vii) is listed on Schedule 1.02. 

“Excluded Taxes” means any of the following Taxes imposed on or with respect to any Recipient or required to
be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being
organized, incorporated or established under the laws of, or having its principal office or, in the case of any Lender, its Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are
Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on
the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Company under Section 10.13) or (ii) such Lender changes its Lending Office, except in each
case to the extent that, pursuant to Section 3.01(a)(ii) or (c), amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender
immediately before it changed its Lending Office, (c) Taxes attributable to such Recipient’s failure to comply with Section 3.01(e) and (d) any U.S. federal withholding Taxes imposed pursuant to FATCA. 

“Exempted ERISA Subsidiary” means any Person (a) who becomes a Subsidiary of the Company after the
Closing Date pursuant to an Acceptable Acquisition and (b) with respect to which the Company has (i) notified the Administrative Agent that such Person shall, solely during the Transition Period applicable to such Acceptable Acquisition,
be deemed an “Exempted ERISA Subsidiary” for purposes hereof, and (ii) together with such notice, provided information in reasonable detail to the Administrative Agent regarding such Person’s current Pension Plans and stating
what action the Company has taken and proposes to take with respect thereto. 
 “Existing Credit Agreement”
has the meaning specified in the preliminary statements hereto. 
 “Existing Lenders” has the
meaning specified in the preliminary statements hereto. 
 “Existing Loans” has the meaning
specified in the preliminary statements hereto. 
 “Facility” means the Term Facility, the U.S.
Revolving Credit Facility and/or the Global Revolving Credit Facility, as the context may require. 

  
 23 

 “Factor” means any Person that is a purchaser of Accounts
of a Customer under a Factoring Program. 
 “Factoring Program” means a program established by any Person
(including a Customer) for the limited recourse sale of Customer Accounts to a Factor. 
 “Fair Market
Value” means with respect to any asset or group of assets on any date of determination, the value of the consideration obtainable in a sale of such asset at such date of determination assuming a sale by a willing seller to a willing
purchaser dealing at arm’s length and arranged in an orderly manner over a reasonable period of time having regard to the nature and characteristics of such asset. Except as otherwise expressly set forth herein, such value shall be determined
in good faith by the Company. 
 “FASB ASC” means the Accounting Standards Codification of the Financial
Accounting Standards Board. 
 “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, any agreements entered into pursuant to
Section 1471(b)(1) of the Code and any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities and implementing such Sections of the Code.

 “Federal Funds Rate” means, for any day, the rate per annum calculated by the Federal Reserve Bank of
New York based on such day’s federal funds transactions by depository institutions (as determined in such manner as the Federal Reserve Bank of New York shall set forth on its public website from time to time) and published on the next
succeeding Business Day by the Federal Reserve Bank of New York as the federal funds effective rate; provided that if the Federal Funds Rate as so determined would be less than zero, such rate shall be deemed to be zero for the purposes of this
Agreement. 
 “Fee Letter” means the letter agreement, dated as of November 30, 2021, among the
Company, the Administrative Agent and BofA Securities, Inc. 
 “First Amendment” means that certain First Amendment to Credit Agreement, dated as of the First Amendment Effective
Date, by and between the Company, the Lenders party thereto and the Administrative Agent. 

“First
 Amendment Effective Date” means December [    ], 2022. 

“Foreign Lender” means, with respect to any Borrower, (a) if such Borrower is a U.S. Person, a Lender
that is not a U.S. Person, and (b) if such Borrower is not a U.S. Person, a Lender that is resident or organized, incorporated or established under the laws of a jurisdiction other than that in which such 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. 

“Foreign Subsidiary” means any Subsidiary that is organized, incorporated or established under the laws of a
jurisdiction other than the United States, a State thereof or the District of Columbia. 
 “FRB” means the
Board of Governors of the Federal Reserve System of the United States. 
 “Fronting Exposure” means, at any
time there is a Defaulting Lender, (a) with respect to the L/C Issuer, such Defaulting Lender’s Applicable Percentage of the outstanding L/C Obligations other than L/C 

  
 24 

 
Obligations as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof, and (b) with
respect to any Swing Line Lender, such Defaulting Lender’s Applicable Percentage of Swing Line Loans other than Swing Line Loans as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash
Collateralized in accordance with the terms hereof. 
 “FSHCO” means any Domestic Subsidiary of the Company
that has no material assets other than Equity Interests and/or Indebtedness in one or more Foreign Subsidiaries of the Company that are CFCs. 

“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. 

“Funding Indemnity Letter” means a funding indemnity letter, substantially in the form of Exhibit L.

 “GAAP” means, subject to Section 1.03, generally accepted accounting principles in the
United States set forth 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 such other
principles as may be approved by a significant segment of the accounting profession in the United States, that are applicable to the circumstances as of the date of determination, consistently applied. In relation to any Dutch Borrower, GAAP means
generally accepted accounting principles in the Netherlands and where appropriate, including IFRS. 
 “Global
Revolving Credit Borrowing” means a borrowing consisting of simultaneous Global Revolving Credit Loans of the same Type and, in the case of Eurodollar
RateTerm SOFR Loans, having the same Interest
Period made by each of the Global Revolving Credit Lenders pursuant to Section 2.01(b)(ii). 

“Global Revolving Credit Commitment” means, as to each Lender, its obligation to (a) make Global
Revolving Credit Loans to the Company and the Designated Foreign Borrowers pursuant to Section 2.01(b)(ii) and (b) purchase participations in Global Swing Line Loans, in an aggregate principal amount at any one time outstanding not
to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Global Revolving Credit 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. 

“Global Revolving Credit Facility” means, at any time, the aggregate amount of the Global Revolving Credit
Lenders’ Global Revolving Credit Commitments at such time. As of the Closing Date, the Global Revolving Credit Facility is $360,000,000 (or, as applicable, the Alternative Currency Equivalent thereof). 

“Global Revolving Credit Lender” means, at any time, any Lender that has a Global Revolving Credit Commitment
at such time. 
 “Global Revolving Credit Loan” has the meaning specified in
Section 2.01(b)(ii). 
 “Global Swing Line Lender” means (a) in the case of all Global
Swing Line Loans denominated in Canadian Dollars to the Canadian Borrower, Bank of America, N.A., Canada Branch and (b) in the case of all other Global Swing Line Loans, Bank of America, in each case, in its capacity as provider of those Global
Swing Line Loans, or any successor swing line lender of such swing line loans hereunder. 

  
 25 

 “Global Swing Line Loan” has the meaning specified in
Section 2.04(a)(ii). 
 “Global Swing Line Loan (Euro)” means any Global Swing Line Loan that
bears interest at a rate based on the definition of “€STR”. All Global Swing Line Loans (Euro) must be denominated in Euros. 

“Global Swing Line Loan (Sterling)” means any Global Swing Line Loan that bears interest at a rate based on
the definition of “Alternative Currency Daily Rate”. All Global Swing Line Loans (Sterling) must be denominated in Sterling. 

“Global Swing Line Sublimit” means an amount equal to the lesser of (a) the applicable Alternative
Currency Equivalent of $30,000,000 (of which, no more than the Alternative Currency Equivalent of $5,000,000 shall be available for Global Swing Line Loans denominated in Canadian Dollars) and (b) the Global Revolving Credit Facility. The
Global Swing Line Sublimit is part of, and not in addition to, the Global Revolving Credit Facility. 

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

“Guaranties” means the Company Guaranty and the Subsidiary Guaranty, as the context may require. 

“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. 
 “Hedge Bank” means any Person that (a) has entered
into a Swap Contract permitted under Article VII with any Loan Party or any Subsidiary of a Loan Party prior to the Closing Date, if (i) such Person is a Lender or an Affiliate of a Lender, in its capacity as a party to such Swap
Contract, as of the Closing Date and (ii) such Swap Contract was a Guaranteed Hedge Agreement pursuant to the Existing Credit Agreement; or (b) enters into a Swap Contract with any Loan Party or any Subsidiary of a Loan Party on or after
the Closing Date, if such Person is a Lender or an Affiliate of a Lender, in its capacity as a party to such Swap Contract, at the time it enters into such Swap Contract. 

“IFRS” means international accounting standards within the meaning of IAS Regulation 1606/2002 to the extent
applicable to the relevant financial statements delivered under or referred to herein. 
 “Immaterial
Subsidiary” means any Subsidiary that is not a Material Subsidiary. 
 “Impacted Loans” has the meaning specified in Section 3.03(b)(i). 

“Indebtedness” means, as to any Person at a particular time, without duplication, all of the following,
whether or not included as indebtedness or liabilities in accordance with GAAP: 
 (a) all obligations of
such Person for borrowed money; 
 (b) all obligations of such Person to pay the deferred purchase price of
property or services (other than trade accounts payable in the ordinary course of business and, in each case, not past due for more than 60 days after the date on which such trade account payable was created); 

  
 26 

 (c) all obligations of such Person evidenced by bonds,
debentures, notes or other similar instruments; 
 (d) indebtedness (excluding prepaid interest thereon)
secured by a Lien on property owned or being purchased by such Person (including indebtedness arising under conditional sales or other title retention agreements), whether or not such indebtedness shall have been assumed by such Person or is limited
in recourse; 
 (e) Capital Leases; 

(f) net obligations of such Person under any Swap Contract; 

(g) all obligations, contingent or otherwise, of such Person as an account party or applicant in respect of
letters of credit (and bankers’ acceptances, bank guaranties, surety bonds and similar instruments) created for the account or upon the application of such Person; 

(h) all obligations of such Person to purchase, redeem, retire, defease or otherwise make any payment in
respect of any Equity Interest in such Person or any other Person, valued, in the case of a redeemable preferred interest, at the greater of its voluntary or involuntary liquidation preference plus accrued and unpaid dividends; 

(i) all guarantees (direct or indirect) of such Person in respect of any of the foregoing; and 

(j) Off-Balance Sheet Liability. 

For all purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any partnership or joint venture (other than a joint
venture that is itself a corporation or limited liability company) in which such Person is a general partner or a joint venturer, unless such Indebtedness is expressly made non-recourse to such Person. The amount of any net obligation under any Swap
Contract on any date shall be deemed to be the Swap Termination Value thereof as of such date. The amount of any Capital Lease as of any date shall be deemed to be the amount of Attributable Indebtedness in respect thereof as of such date. For all
purposes hereof, the Indebtedness of the Company and the Subsidiaries shall exclude (i) intercompany liabilities arising from their cash management, tax, and accounting operations and intercompany loans, intercompany advances or intercompany
Indebtedness having a term not exceeding 364 days (inclusive of any rollover or extensions of terms) and, in each case, made in the ordinary course of business, or (ii) to the extent such obligations would otherwise constitute Indebtedness,
indemnification or expense reimbursement obligations which (by their express terms) have survived termination of an agreement (and the payment and satisfaction in full of all other obligations thereunder). 

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

“Indemnitees” has the meaning specified in Section 10.04(b). 

“Information” has the meaning specified in Section 10.07. 

“Insolvency Regulation” shall mean The Council of the European Union Regulation No. 2015/848 on
Insolvency Proceedings. 
 “Intellectual Property” means all of the trademarks (whether or not registered)
and trademark registrations and applications, patent and patent applications, industrial design and industrial design 

  
 27 

 
applications, copyrights and copyright applications, service marks, service mark registrations and applications, trade dress, and trade and product names. 

“Intellectual Property Security Agreements” means each of the Notice of Grant of Security Interest in
Copyrights, the Notice of Grant of Security Interest in Patents, and the Notice of Grant of Security Interest in Trademarks (as each such term is defined in the Security Agreement), in each case, as amended, amended and restated, supplemented or
otherwise modified from time to time. 
 “Interest Payment Date” means (a) as to any Eurodollar RateTerm
SOFR Loan or any Alternative Currency Term Rate Loan, the last day of each Interest Period applicable to such Loan and the Maturity Date; provided that if any Interest Period for a Eurodollar RateTerm
SOFR Loan or an Alternative Currency Term Rate Loan, as applicable, exceeds three months, the respective dates that fall every three months after the beginning of such Interest Period shall also
be Interest Payment Dates; (b) as to any Base Rate Loan (including any U.S. Swing Line Loan denominated in Dollars) or any Global Swing Line Loan denominated in an Alternative Currency, the last Business Day of each March, June, September and
December and the Maturity Date, and (c) as to any Alternative Currency Daily Rate Loan, the last Business Day of each month and the Maturity Date. 

“Interest Period” means, as
to (i) each Eurodollar RateTerm
SOFR Loan the period commencing on the date such Term SOFR
Loan is disbursed or converted to or continued as a Term SOFR Loan and ending on the date one month thereafter or
(ii) each Alternative Currency Term Rate Loan, the
period commencing on the date such Eurodollar Rate Loan or Alternative Currency Term Rate Loan is
disbursed or converted to or continued as a Eurodollar Rate Loan
oran Alternative Currency Term Rate Loan and
ending on the date one, three or six months thereafter (in each case, subject to availability for the interest rate applicable to the relevant currency), as selected by the Company in its Committed Loan Notice; provided that: 

(a)        any Interest Period that would otherwise end on a day that
is not a Business Day shall be extended to the next succeeding Business Day, in the case of a Eurodollar RateTerm SOFR Loan or Alternative Currency Term Rate Loan, unless such
Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business Day; 

(b)        any Interest Period pertaining to a Eurodollar RateTerm
SOFR Loan or Alternative Currency Term 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 

(c)        no Interest Period shall extend beyond the Maturity Date of
the Facility under which such Loan was made. 
 “Inventory” has the meaning assigned to such term in the
Security Agreement. 
 “Investment” means, as to any Person, any direct or indirect acquisition or
investment by such Person, whether by means of (a) the purchase or other acquisition of capital stock or other securities of another Person, (b) a loan, advance or capital contribution to, guarantee or assumption of debt of, or purchase or
other acquisition of any other debt or equity participation or interest in, another Person, including any partnership or joint venture interest in such other Person and any arrangement pursuant to which the investor guarantees Indebtedness of such
other Person, or (c) the purchase or other acquisition (in one transaction or a series of transactions) of assets of another Person that constitute a business unit. 

  
 28 

 For purposes of covenant compliance, the amount of any Investment shall be the amount
actually invested (measured at the time made), without adjustment for subsequent increases or decreases in the value of such Investment but giving effect to any returns or distributions of capital or repayment of principal actually received in cash
by such other Person with respect thereto (but only to the extent that the aggregate amount of all such returns, distributions and repayments with respect to such Investment does not exceed the principal amount of such Investment). 

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

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

“Jersey” means the Bailiwick of Jersey. 

“Jersey Borrower” means a Designated Foreign Borrower incorporated or established existing under the laws of
Jersey. 
 “Judgment Currency” has the meaning specified in Section 10.21. 

“KPIs” has the meaning set forth in Section 2.19. 

“L/C Advance” means, with respect to each U.S. Revolving Credit Lender, such U.S. Revolving Credit
Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage. All L/C Advances shall be denominated in Dollars. 

“L/C Borrowing” means an extension of credit resulting from a drawing under any Letter of Credit which has
not been reimbursed on the date when made or refinanced as a U.S. Revolving Credit Borrowing. All L/C Borrowings shall be denominated in Dollars. 

“L/C Credit Extension” means, with respect to any Letter of Credit, the issuance thereof or extension of the
expiry date thereof, or the increase of the amount thereof. 
 “L/C Issuer” means Bank of America in its
capacity as issuer of Letters of Credit hereunder, or any successor issuer of Letters of Credit hereunder. 
 “L/C
Obligations” means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of
computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.09. 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.

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

  
 29 

 “LCA Election” has the meaning provided in
Section 1.10. 
 “LCA Test Date” has the meaning provided in Section 1.10. 

“Lender” has the meaning specified in the introductory paragraph hereto and, as the context
requires, includes each U.S. Revolving Credit Lender, each Global Revolving Credit Lender, each Term Lender, the U.S. Swing Line Lender and the Global Swing Line Lender. The term “Lender” shall include any Designated Lender. 

“Lender Parties” and “Lender Recipient Parties” mean, collectively, the Lenders, the Swing Line
Lenders and the L/C Issuer. 
 “Lending Office” means, as to any Lender, the office, offices, branch,
branches and/or Affiliate(s) of such Lender described as such in such Lender’s Administrative Questionnaire, or such other office, offices, branch, branches and/or Affiliate(s) as a Lender may from time to time notify the Company 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 hereunder providing for the payment
of cash upon the honoring of a presentation thereunder. All Letters of Credit shall be issued in Dollars. 
 “Letter
of Credit Application” means an application and agreement for the issuance or amendment of a Letter of Credit in the form from time to time in use by the L/C Issuer. 

“Letter of Credit Expiration Date” means the day that is seven days prior to the Maturity Date then in effect
(or, if such day is not a Business Day, the next preceding Business Day). 
 “Letter of Credit Fee” has the
meaning specified in Section 2.03(h). 
 “Letter of Credit Sublimit” means an amount equal to
$25,000,000. The Letter of Credit Sublimit is part of, and not in addition to, the U.S. Revolving Credit Facility. 
 “LIBOR” has the meaning specified in the definition of “Eurodollar Rate”. 

“Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien
(statutory or other), trust (deemed, statutory, constructive or otherwise), charge, or preference, priority or other security interest or preferential arrangement in the nature of a security interest of any kind or nature whatsoever (including any
conditional sale or other title retention agreement, any easement, right of way or other encumbrance on title to real property, and any financing lease having substantially the same economic effect as any of the foregoing). 

“Limited Condition Acquisition” means any Acceptable Acquisition that (a) is not prohibited hereunder,
(b) is not conditioned on the availability of, or on obtaining, third-party financing, and (c) is completed within 180 days (or such longer period as may be reasonably agreed by the Administrative Agent), of the signing of the Limited
Condition Acquisition Agreement for such Acceptable Acquisition. 
 “Limited Condition Acquisition
Agreement” has the meaning specified in Section 1.10. 
 “Loan” means an extension of
credit by a Lender to a Borrower under Article II in the form of a Committed Loan or a Swing Line Loan. 

  
 30 

 “Loan Documents” means this Agreement, each Designated
Borrower Request and Assumption Agreement, each Note, each ESG Amendment, each Issuer Document, any agreement creating or perfecting rights in Cash Collateral pursuant to the provisions of Section 2.16, the Fee Letter, the Company
Guaranty, the Subsidiary Guaranty and the Collateral Documents. 
 “Loan Parties” means, collectively, the
Company, each Subsidiary Guarantor and each Designated Borrower. 
 “London Banking Day” means any day on which dealings in deposits in Dollars are conducted by and between banks in the London interbank eurodollar
market. 
 “Material Adverse Effect” means
(a) a material adverse change in, or a material adverse effect on, the business, operations, property or financial condition of the Company and its Subsidiaries, taken as a whole; or (b) a material impairment of the ability of the Company
and the Loan Parties, taken as a whole to perform their payment obligations under the Loan Documents. 
 “Material
Intellectual Property” means any Intellectual Property that is owned by the Company or any of its Subsidiaries, and is material to the business of the Company and its Subsidiaries, taken as a whole. 

“Material Subsidiary” means (a) each Subsidiary of the Company that, as of the last day of the fiscal
quarter of the Company most recently ended for which financial statements are available, had revenues or total assets for such quarter in excess of 5.0% of the consolidated revenues or total assets, as applicable, of the Company for such quarter or
that is designated by the Company as a Material Subsidiary and (b) any group comprising Subsidiaries that each would not have been a Material Subsidiary under clause (a) but that, taken together, as of the last day of the fiscal quarter of
the Company most recently ended for which financial statements are available, had revenues or total assets for such quarter in excess of 10.0% of the consolidated revenues or total assets, as applicable, of the Company for such quarter. 

“Maturity Date” means December 22, 2026; provided that if such date is not a Business Day, the
Maturity Date shall be the next preceding Business Day. 
 “Minimum Collateral Amount” means, at any time,
(a) with respect to Cash Collateral consisting of cash or deposit account balances provided to reduce or eliminate Fronting Exposure during 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, (b) with respect to Cash Collateral consisting of cash or deposit account balances provided in accordance with the provisions of Section 2.16(a)(i),
(a)(ii) or (a)(iii), an amount equal to 100% of the Outstanding Amount of all L/C Obligations, and (c) otherwise, an amount determined by the Administrative Agent and the L/C Issuer in their sole discretion. 

“Moody’s” means Moody’s Investors Service, Inc. and any successor to its rating agency business.

 “Multiemployer Plan” means any employee benefit plan of the type described in Section 4001(a)(3) of
ERISA, to which the Company or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated to make contributions. 

“Multiple Employer Plan” means a Plan which has two or more contributing sponsors (including the Company or
any ERISA Affiliate) at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA. 

“Net Cash Proceeds” means with respect to any Disposition by any Loan Party or any of their respective
Subsidiaries, the excess, if any, of (a) the sum of cash and Cash Equivalents received in connection with such transaction (including any cash or Cash Equivalents received by way of deferred 

  
 31 

 
payment pursuant to, or by monetization of, a note receivable or otherwise, but only as and when so received) over (b) the sum of (i) the principal amount of any Indebtedness that is
secured by the applicable asset or assets and that is required to be repaid in connection with such transaction (other than Indebtedness under the Loan Documents), (ii) the reasonable and customary out-of-pocket costs and expenses incurred by
the Company or such Subsidiary in connection with such transaction and (iii) income taxes reasonably estimated to be actually payable within two years of the date of the relevant transaction as a result of any gain recognized in connection
therewith; provided that, if the amount of any estimated taxes pursuant to subclause (iii) exceeds the amount of taxes actually required to be paid in cash in respect of such Disposition, the aggregate amount of such excess shall
constitute Net Cash Proceeds. 
 “Non-Consenting Lender” means any Lender that does not approve any
consent, waiver or amendment that (a) requires the approval of all Lenders or all affected Lenders in accordance with the terms of Section 10.01 and (b) has been approved by the Required Lenders. 

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

“Non-Extension Notice Date” has the meaning specified in Section 2.03(b)(iv). 

“Non-Public Lender” means: (i) until interpretation of “public” as referred to in the CRD IV
by the relevant authority/ies: an entity that provides repayable funds to a Dutch Borrower for a minimum initial amount of EUR 100,000 (or its equivalent in another currency) or an entity otherwise qualifying as not forming part of the public; and
(ii) following the publication of an interpretation of “public” as referred to in the CRD IV by the relevant authority/ies: such amount or such criterion as a result of which such entity shall qualify as not forming part of the
public. 

“Non-SOFR
 Successor Rate” has the meaning specified in Section 3.03(c). 

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

“Notice of Loan Prepayment” means a notice of prepayment with respect to a Loan, which shall be substantially
in the form of Exhibit J 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 Company. 
 “Obligations” means all advances to, and
debts, liabilities and obligations of any Loan Party or any Subsidiary of any Loan Party arising under any Loan Document or otherwise with respect to any Loan, Letter of Credit or Secured Ancillary Agreement, in each case whether direct or indirect
(including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees that accrue after the commencement by or against any Loan Party, any Subsidiary of any Loan
Party or any Affiliate thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding. 

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

“Off-Balance Sheet Liability” of a Person means (a) any repurchase obligation or liability of such
Person with respect to accounts or notes receivable sold by such Person as part of a factoring, securitization or similar transaction and not in connection with the compromise, settlement or collection thereof; or (b) any indebtedness,
liability or obligation arising with respect to any other transaction which is the functional equivalent of or takes the place of any Indebtedness described in paragraph (a) or (g) of the definition

  
 32 

 
thereof, but which does not constitute a liability on the balance sheets of such Person (other than operating leases). 

“Organization Documents” means (a) with respect to any corporation, the certificate or articles of
incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction, including without limitation in the case of any Jersey Borrower which is a company, its certificate of incorporation (and any
certificates of incorporation on change of name), the consents(s) issued to it under the Control of Borrowing (Jersey) Law 1958) and its memorandum and articles of association); (b) with respect to any limited liability company, the certificate
or articles of formation or organization and operating agreement; and (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of formation or
organization and any agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization, incorporation or establishment with the applicable Governmental Authority in the jurisdiction of its formation
or organization, incorporation or establishment and, if applicable, any certificate or articles of formation or organization, incorporation or establishment of such entity. 

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

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

“Outstanding Amount” means (a) with respect to Committed Loans on any date, the Dollar Equivalent amount
of the aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of such Committed Loans occurring on such date; (b) with respect to Swing Line Loans on any date, the aggregate
outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of such Swing Line Loans occurring on such date; and (c) with respect to any L/C Obligations on any date, the Dollar Equivalent amount of
the aggregate outstanding amount of such L/C Obligations on such date after giving effect to any L/C Credit Extension occurring on such date and any other changes in the aggregate amount of the L/C Obligations as of such date, including as a result
of any reimbursements by the Company of Unreimbursed Amounts. 
 “Overnight Rate” means, for any day,
(a) with respect to any amount denominated in Dollars, the greater of (i) the Federal Funds Rate and (ii) an overnight rate determined by the Administrative Agent, the L/C Issuer, the U.S. Swing Line Lender or the Global Swing Line
Lender, as the case may be, in accordance with banking industry rules on interbank compensation, and (b) with respect to any amount denominated in an Alternative Currency, the rate of interest per annum at which overnight deposits in the
applicable Alternative Currency, in an amount approximately equal to the amount with respect to which such rate is being determined, would be offered for such day by a branch or Affiliate of Bank of America in the applicable offshore interbank
market for such currency to major banks in such interbank market. 
 “Participant” has the meaning
specified in Section 10.06(d). 
 “Participant Register” has the meaning specified in
Section 10.06(d). 

  
 33 

 “Participating Member State” means any member state of the
European Union that has the Euro as its lawful currency in accordance with legislation of the European Union relating to Economic and Monetary Union. 

“PBGC” means the Pension Benefit Guaranty Corporation. 

“Pension Act” means the Pension Protection Act of 2006. 

“Pension Funding Rules” means the rules of the Code and ERISA regarding minimum required contributions
(including any installment payment thereof) to Pension Plans and set forth in, with respect to plan years ending prior to the effective date of the Pension Act, Section 412 of the Code and Section 302 of ERISA, each as in effect prior to
the Pension Act and, thereafter, Sections 412, 430, 431, 432 and 436 of the Code and Sections 302, 303, 304 and 305 of ERISA. 

“Pension Plan” means any employee pension benefit plan (including a Multiple Employer Plan or a Multiemployer
Plan) that is maintained or is contributed to by the Company and any ERISA Affiliate and is either covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code. 

“Pensions Regulator” means the body corporate called the Pensions Regulator established under Part I of the
Pensions Act 2004 (UK). 
 “Perfection Certificate” shall mean a certificate in the form of Exhibit
M or any other form approved by the Administrative Agent, as the same shall be supplemented from time to time. 

“Permitted Factoring Program” means the sale of any Receivables and Related Assets in connection with a
Factoring Program; provided that (a) the documents entered into by any Loan Party or its Subsidiary pursuant to a Factoring Program shall be on customary terms and condition and (b) all such sales shall be without recourse other than
customary recourse terms provided for in the applicable documentation (and solely in connection with the customary representations made with respect to the applicable Receivables and Related Assets) and the purchase price shall be paid in cash to
such Loan Party or its Subsidiary at the time of the sale. 
 “Permitted Lender Facilities” means
guarantee, trade, letter of credit, short-term working capital or similar facilities, in an aggregate principal amount at any time outstanding for all such guarantee, trade, letter of credit, short-term working capital or similar facilities not to
exceed the Dollar Equivalent of $10,000,000 but only if and for so long as the documentation evidencing such guarantee, trade, letter of credit, short-term working capital or similar facility specifically references this Agreement and provides that
it is intended to be a Permitted Lender Facility hereunder. 
 “Permitted Liens” means the Liens specified
in all clauses of Section 7.01. 
 “Person” means any natural person, corporation, limited
liability company, unlimited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity. 

“Plan” means any employee benefit plan within the meaning of Section 3(3) of ERISA (including a Pension
Plan), maintained for employees of the Company or any ERISA Affiliate or any such Plan to which the Company or any ERISA Affiliate is required to contribute on behalf of any of its employees. 

“Platform” has the meaning specified in Section 6.02. 

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

  
 34 

 “Public Lender” has the meaning specified in
Section 6.02. 
 “Qualified Securitization Facility” means any Securitization Facility
(a) constituting a securitization financing facility that meets the following conditions: (i) the Company will have determined in good faith that such Securitization Facility (including financing terms, covenants, termination events and
other provisions) is in the aggregate economically fair and reasonable to the Company and the applicable Subsidiary or Securitization Subsidiary, and (ii) all sales or contributions of Securitization Assets and related assets to the applicable
Person or Securitization Subsidiary are made at Fair Market Value; or (b) constituting a receivables financing facility; in the case of clause (a) and (b) above, which does not give rise to or constitute a liability or indebtedness on
the balance sheet of the Company or any of its Subsidiaries. 
 “Rate Determination Date” means two
(2) Business Days prior to the commencement of such Interest Period (or such other day as is generally treated as the rate fixing day by market practice in such interbank market, as determined by the Administrative Agent; provided that,
to the extent such market practice is not administratively feasible for the Administrative Agent, such other day as otherwise reasonably determined by the Administrative Agent). 

“Receivables and Related Assets” means Accounts of a Customer owing to the Company or any of its Subsidiaries
arising from a sale of Inventory or the rendering of services in the ordinary course of business, together with (a) all property subject thereto from time to time purporting to secure payment of such obligations, whether pursuant to the
contract related to such obligations or otherwise, together with all financing statements describing any collateral securing such obligations; (b) all rights to payment of any interest, finance charges, freight charges and other obligations
related thereto; (c) all supporting obligations, including but not limited to, all guaranties, insurance and other agreements or arrangements of whatever character from time to time supporting or securing payment of such obligations whether
pursuant to the contract related to such obligations or otherwise; (d) all contracts, chattel paper, instruments and other documents, and other information relating to such obligations; and (e) collections and proceeds with respect to the
foregoing. 
 “Receivables Subsidiary” means any Subsidiary established in connection with a receivables
financing permitted hereunder (including any Permitted Factoring Program or Qualified Securitization Facility) which is not permitted by the terms of such receivables financing to guarantee the Obligations or provide Collateral, including any
Securitization Subsidiary. 
 “Recipient” means the Administrative Agent, any Lender, the L/C Issuer or any
other recipient of any payment to be made by or on account of any obligation of any Loan Party hereunder. 

“Register” has the meaning specified in Section 10.06(c). 

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

“Relevant Rate” means with respect to any Credit Extension denominated in (a) Dollars, LIBORTerm SOFR, (b) Sterling, SONIA, (c) Euros, EURIBOR or €STR, as applicable, and (d) Canadian Dollars, the CDOR Rate, as applicable. 

“Relief
 Period” means the period commencing on the First Amendment Effective Date and continuing until the date (such earlier date, the “Relief Period Termination Date”) which is the earlier to occur of: (a) the date specified as the
“Relief Period Termination Date” in a written notice from the Company to the Administrative Agent (which written notice shall be delivered to the Administrative Agent five (5) Business Days prior to the “Relief Period Termination
Date” specified in such notice) and (b) the  

  
 35 

 
date on which both (i) the financial statements required by
Section 6.01(b) and (ii) the Compliance Certificate required by Section 6.02(a), in each case, for the fiscal quarter ending December 31, 2023, shall have been delivered to the Administrative Agent by the Company (or, if earlier,
the date on which such statements and certificate were required to be delivered to the Administrative Agent pursuant to such Sections). 

“Relief
 Period Termination Date” has the meaning specified in the definition of “Relief Period”. 

“Reportable Event” means any of the events set forth in Section 4043(c) of ERISA, other than events for
which the 30 day notice period has been waived. 
 “Request for Credit Extension” means (a) with
respect to a Borrowing, conversion or continuation of Committed Loans, a Committed Loan Notice, (b) with respect to an L/C Credit Extension, a Letter of Credit Application, and (c) with respect to a Swing Line Borrowing, a Swing Line Loan
Notice. 
 “Required Lenders” means, at any time, Lenders having Total Credit Exposures representing more
than 50% of the Total Credit Exposures of all Lenders. The Total Credit Exposure of any Defaulting Lender shall be disregarded in determining Required Lenders at any time; provided that the amount of any participation in any Swing Line Loan
and Unreimbursed Amounts that such Defaulting Lender has failed to fund that have not been reallocated to and funded by another Lender shall be deemed to be held by the Lender that is the Swing Line Lender or L/C Issuer, as the case may be, in
making such determination. 
 “Rescindable Amount” has the meaning as defined in
Section 2.12(b)(ii). 
 “Resolution Authority” means an EEA Resolution Authority or, with
respect to any UK Financial Institution, a UK Resolution Authority. 
 “Responsible Officer” means
(a) the chief executive officer, president, statutory director, chief financial officer, chief accounting officer, treasurer, assistant treasurer or controller of a Loan Party; (b) solely for purposes of the delivery of incumbency
certificates pursuant to Section 4.01, the secretary or any assistant secretary of a Loan Party; and (c) solely for purposes of notices given pursuant to Article II, any other officer of the applicable Loan Party so
designated by any of the foregoing officers in a notice to the Administrative Agent or any other officer or employee of the applicable Loan Party designated in or pursuant to an agreement between the applicable Loan Party and the Administrative
Agent. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and
such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. To the extent requested by the Administrative Agent, each Responsible Officer will provide an incumbency certificate and to the extent requested by
the Administrative Agent, appropriate authorization documentation, in form and substance reasonably satisfactory to the Administrative Agent. 

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

“Revaluation Date” means each of the following: (a) each date of a Borrowing of an Alternative Currency
Term Rate Loan or a Global Swing Line Loan; (b) each date of a continuation of an Alternative Currency Term Rate Loan pursuant to
Section 2.02; (c) with respect to an Alternative Currency Daily Rate 

  
 36 

 
Loan, each Interest Payment Date; and
(cd) such additional dates as the Administrative Agent shall determine or the Required Lenders shall require. 

“Revolving Borrowing” means a borrowing consisting of simultaneous U.S. Revolving Credit Loans or Global
Revolving Credit Loans of the same Type and, in the case of Eurodollar
RateTerm SOFR Loans or Alternative Currency Term
Rate Loans, having the same Interest Period made by each of the applicable Revolving Lenders pursuant to Section 2.01(b). 

“Revolving Commitment” means a U.S. Revolving Credit Commitment and/or a Global Revolving Credit Commitment,
as the context may require. 
 “Revolving Credit Exposure” means, as to any Revolving Lender at any time,
the aggregate principal amount at such time of its outstanding Revolving Loans and such Revolving Lender’s participation in L/C Obligations and Swing Line Loans at such time. 

“Revolving Facility” means the U.S. Revolving Credit Facility and/or the Global Revolving Credit Facility, as
the context may require. 
 “Revolving Lender” means a U.S. Revolving Credit Lender and/or a Global
Revolving Credit Lender, as the context may require. 
 “Revolving Loan” means a U.S. Revolving Credit Loan
and/or a Global Revolving Credit Loan, as the context may require. 
 “Revolving Note” means a promissory
note made by the Borrowers in favor of a Revolving Lender evidencing Revolving Loans or Swing Line Loans, as the case may be, made by such Revolving Lender, substantially in the form of Exhibit C. 

“S&P” means S&P Global Ratings and any successor to its rating agency business. 

“Same Day Funds” means (a) with respect to disbursements and payments in Dollars, immediately available
funds, and (b) with respect to disbursements and payments in an Alternative Currency, same day or other funds as may be determined by the Administrative Agent to be customary in the place of disbursement or payment for the settlement of
international banking transactions in the relevant Alternative Currency. 
 “Sanction(s)” means any
sanction administered or enforced by the United States Government (including, without limitation, OFAC), the United Nations Security Council, the European Union,
HerHis Majesty’s Treasury (“HMT”), the Government of Canada or other relevant sanctions authority. 

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

“SOFR”
 means the Secured Overnight Financing Rate as administered by the Federal Reserve Bank of New York (or a successor administrator).  

“SOFR
 Adjustment” means 0.10% (10 basis points). 

“Secured Ancillary Agreements” means, collectively, any and all Secured Cash Management Agreements, Secured
Hedge Agreements and Secured Other Facilities. 
 “Secured Ancillary Lenders” means, collectively, the Cash
Management Banks, the Hedge Banks and the Secured Facility Banks. 

  
 37 

 “Secured Cash Management Agreement” means any Cash
Management Agreement that is entered into by and between a Loan Party or any Subsidiary of any Loan Party and any Cash Management Bank. 

“Secured Facility Bank” means any Person that entered (or will) enter into a Permitted Lender Facility with a
Loan Party, if such Person was (or is) a Lender or an Affiliate of a Lender at the time it entered (or enters) into such Permitted Lender Facility. 

“Secured Hedge Agreement” means any Swap Contract permitted under Article VII that is entered into by
and between a Loan Party or any Subsidiary of any Loan Party and any Hedge Bank. 
 “Secured Other
Facilities” means any Permitted Lender Facility that is entered into by and between a Loan Party and any Secured Facility Bank; provided that (a) no Permitted Lender Facility shall be a Secured Other Facility unless the
Administrative Agent has received written notice thereof, together with such supporting documentation as the Administrative Agent may request; and (b) any such Permitted Lender Facility shall cease to be a Secured Other Facility if the
Administrative Agent receives written notice thereof, in each case such notice to be provided by the Company and the applicable Secured Facility Bank in accordance with Section 8.02. 

“Secured Parties” means, collectively, the Administrative Agent, the Lenders, the L/C Issuer, the Secured
Ancillary Lenders, each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 9.05, and the other Persons the Obligations owing to which are or are purported to be secured by the Collateral
under the terms of one or more of the Collateral Documents. 
 “Securitization Assets” means (a) the
accounts receivable, royalty or other revenue streams and other rights to payment and other assets related thereto subject to a Qualified Securitization Facility and the proceeds thereof; and (b) contract rights, lockbox accounts and records
with respect to such accounts receivable and any other assets customarily transferred together with accounts receivable in a securitization financing. 

“Securitization Facility” means any transaction or series of securitization financings that may be entered
into by the Borrowers or any Subsidiary pursuant to which such Borrower or any such Subsidiary may sell, convey or otherwise transfer, or may grant a security interest in, Securitization Assets to either (a) a Person that is not a Borrower or a
Subsidiary or (b) a Securitization Subsidiary that in turn sells such Securitization Assets to a Person that is not a Borrower or a Subsidiary, or may grant a security interest in, any Securitization Assets of a Borrower or any of their
Subsidiaries. 
 “Securitization Fees” means distributions or payments made directly or by means of
discounts with respect to any participation interest issued or sold in connection with, and other fees and expenses (including reasonable fees and expenses of legal counsel) paid to a Person that is not a Securitization Subsidiary in connection
with, any Qualified Securitization Facility. 
 “Securitization Subsidiary” means any Subsidiary formed for
the purpose of, and that solely engages only in, one or more Qualified Securitization Facilities and other activities reasonably related thereto. 

“Security Agreement” means the amended and restated security and pledge agreement, dated as of the Closing
Date and executed by the Company, the Domestic Subsidiaries of the Company (other than any Excluded Subsidiary) and the Administrative Agent, as amended, amended and restated, supplemented or otherwise modified from time to time. 

“Security Agreement Supplement” means a Supplement to Security Agreement in the form of Exhibit E to the
Security Agreement or such other form acceptable to the Administrative Agent. 

  
 38 

 “Significant Subsidiary” means any Subsidiary that, or any
group of Subsidiaries that, taken together, as of the last day of the fiscal quarter of the Company most recently ended for which financial statements are available, had revenues or total assets for such quarter in excess of 10% of the consolidated
revenues or total assets, as applicable, of the Company for such quarter. 
 “SOFR Scheduled Unavailability Date” has the meaning specified in Section 3.03(b)(ii). 

“SOFR
 Successor Rate” has the meaning specified in Section 3.03(b)(iii). 

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

“Solvent” means, with respect to any Person, as of any date of determination, that (a) the amount of the
“present fair saleable value” of the assets of such Person will, as of such date, exceed the amount of all “liabilities of such Person, contingent or otherwise,” as of such date, as such quoted terms are determined in accordance
with applicable federal, state, provincial or foreign laws governing determinations of the insolvency of debtors, (b) the present fair saleable value of the assets of such Person will, as of such date, be greater than the amount that will be
required on its debts as such debts become absolute and matured, (c) such Person will not have, as of such date, an unreasonably small amount of capital with which to conduct its business, and (d) such Person will be able to pay its debts
as they mature in each case after giving effect to any right of indemnification and contribution of such Person from or to any Affiliate. 

“SONIA” means, with respect to any applicable determination date, the Sterling Overnight Index Average
Reference Rate published on the fifth Business Day preceding such date on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time);
provided however that if such determination date is not a Business Day, SONIA means such rate that applied on the first Business Day immediately prior thereto. 

“SONIA Adjustment” means, with respect to SONIA, 0.0326% per annum. 

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

“Specified Acceptable Acquisition” means any Acceptable Acquisition, the total purchase price (including cash
consideration, assumed Indebtedness, earnouts and otherwise) of which is at least $100,000,000. 
 “Specified Event
of Default” means an Event of Default under Sections 8.01(a), 8.01(f) or 8.01(b) (solely with respect to failure to comply with Section 7.11). 

“Spot Rate” for a currency means the rate determined by the Administrative Agent or the Global Swing Line
Lender, as applicable, to be the rate quoted by the Person acting in such capacity as the spot rate for the purchase by such Person of such currency with another currency through its principal foreign exchange trading office at approximately 11:00
a.m. on the date two Business Days prior to the date as of which the foreign exchange computation is made; provided that the Administrative Agent or the Global Swing Line Lender, as applicable, may obtain such spot rate from another financial
institution designated by the Administrative Agent or the Global Swing Line Lender, as applicable, if the Person acting in such capacity does not have as of the date of determination a spot buying rate for any such currency. 

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

  
 39 

 “Subordinated Debt Documents” means any and all applicable
agreements, instruments and other documents pursuant to which any Subordinated Indebtedness has been or will be issued or otherwise setting forth the terms of any such Subordinated Indebtedness. 

“Subordinated Indebtedness” any indebtedness for borrowed money (other than Indebtedness among the Company
and/or its Subsidiaries) owing by any Loan Party with an individual outstanding principal amount that is expressly subordinated by its terms in right of payment of the Obligations; provided that, with respect to any such Indebtedness that is
in excess of the Threshold Amount, (a) in the case of a “high yield” debt offering, the terms of such subordination shall be substantially consistent with market terms at the time of the incurrence of such Indebtedness, and
(b) in all other instances, the terms of such subordination shall be reasonably acceptable to the Administrative Agent. 

“Subordination Provisions” has the meaning specified in Section 8.01(l). 

“Subsidiary” of a Person means a corporation, partnership, joint venture, limited liability company,
unlimited liability company or other business entity of which a majority of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or interests having
such power only by reason of the happening of a contingency) are at the time beneficially owned, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both, by such Person and in respect
of any entity incorporated or established in Jersey, a subsidiary within the meaning of articles 2 and 2A of the Companies (Jersey) Law 1991. Unless otherwise specified, all references herein to a “Subsidiary” or to
“Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Company; provided that notwithstanding the foregoing, in no event will any Securitization Subsidiary be considered a Subsidiary for purposes of Article VIII. 

“Subsidiary Guarantors” means each Domestic Subsidiary that has executed and delivered to the Administrative
Agent the Subsidiary Guaranty, whether on the Closing Date or pursuant to Section 6.12, and including by means of delivery of a supplement to the Subsidiary Guaranty. 

“Subsidiary Guaranty” means the Third Amended and Restated Subsidiary Guaranty, dated as of the Closing Date
and made by the Subsidiary Guarantors in favor of the Administrative Agent and the Lenders. 
 “Successor Rate” has the meaning specified in Section 3.03(c).

 “Sustainability Coordinator” means BofA Securities, Inc., in its capacity as the sustainability
coordinator. 
 “Sustainability Linked Loan Principles” means the Sustainability Linked Loan Principles as
most recently published by the Loan Market Association and Loan Syndications & Trading Association. 

“Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit derivative
transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward
bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or
any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all
transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign
Exchange Master Agreement, or any other master 

  
 40 

 
agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement. 

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

“Swing Line Borrowing” means a borrowing of a Swing Line Loan pursuant to Section 2.04. 

“Swing Line Lender” means the U.S. Swing Line Lender and/or the Global Swing Line Lender, as the context may
require. 
 “Swing Line Loan” means a U.S. Swing Line Loan and/or a Global Swing Line Loan, as the context
may require. 
 “Swing Line Loan Notice” means a notice of a Swing Line Borrowing pursuant to
Section 2.04(b), which shall be substantially in the form of Exhibit B or such other form as approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved
by the Administrative Agent), appropriately completed and signed or delivered, as applicable) by a Responsible Officer of the Company. 

“TARGET Day” means any day on which the Trans-European Automated Real-time Gross Settlement Express Transfer
(TARGET) payment system (or, if such payment system ceases to be operative, such other payment system (if any) determined by the Administrative Agent to be a suitable replacement) is open for the settlement of payments in Euro. 

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

“Term Borrowing” means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of
Eurodollar RateTerm
SOFR Loans or Alternative Currency Term Rate Loans, having the same Interest Period made by each of the Term Lenders pursuant to Section 2.01(a). 

“Term Commitment” means, as to each Term Lender, its obligation to make Term Loans to the Company pursuant to
Section 2.01(a) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term Lender’s name on Schedule 2.01 under the caption “Term Commitment” or opposite such
caption in the Assignment and Assumption pursuant to which such Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The Term Commitment of all of the Term Lenders on
the Closing Date shall be $300,000,000. 
 “Term Facility” means, at any time, (a) on or prior to the
Closing Date, the aggregate amount of the Term Commitments at such time and (b) thereafter, the aggregate principal amount of the Term Loans of all Term Lenders outstanding at such time. 

  
 41 

 “Term Lender” means (a) at any time on or prior to the
Closing Date, any Lender that has a Term Commitment at such time and (b) at any time after the Closing Date, any Lender that holds Term Loans at such time. 

“Term Loan” means an advance made by any Term Lender under the Term Facility. 

“Term Note” means a promissory note made by the Company in favor of a Term Lender evidencing Term Loans made
by such Term Lender, substantially in the form of Exhibit C. 
 “Term SOFR” means: 

(a)        for
 any Interest Period with respect to a Term SOFR Loan, the rate per annum equal to the Term SOFR Screen Rate two U.S. Government
Securities Business Days prior to the commencement of such Interest Period with a term equivalent
to such Interest Period; provided that if the rate is not published prior to 11:00 a.m. on such
determination date then Term SOFR means the Term SOFR Screen Rate on the first U.S. Government Securities Business Day immediately prior thereto, in each case, plus the SOFR Adjustment for such Interest Period; and 

(b)        for
 any interest calculation with respect to a Base Rate Loan on any date, the rate per annum equal to the Term
SOFR Screen Rate with a term of one month commencing that day; 
 provided that if the Term SOFR determined in accordance with either of the foregoing clauses (a) or (b) of this
definition would otherwise be less than zero, the Term SOFR shall be deemed zero for purposes of this Agreement. 

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

“Term
 SOFR Screen Rate” means the forward-looking SOFR term rate administered by CME (or any successor
administrator satisfactory to the Administrative Agent) and published on the applicable
Reuters screen page (or such other commercially available source providing such quotations as may be
designated by the Administrative Agent from time to
time). 

“Threshold Amount” means the greater of (a) $40,000,000 and (b) 3.00% of the Company’s
Consolidated Net Worth. 
 “Total Credit Exposure” means, as to any Lender at any time, the unused
Commitments, Revolving Credit Exposure and Outstanding Amount of all Term Loans of such Lender at such time. 

“Total Global Revolving Credit Outstandings” means the aggregate Outstanding Amount of all Global Revolving
Credit Loans and all Global Swing Line Loans. 
 “Total Revolving Outstandings” means the aggregate
Outstanding Amount of all Revolving Loans and all L/C Obligations. 
 “Total U.S. Revolving Credit
Outstandings” means the aggregate Outstanding Amount of all U.S. Revolving Credit Loans, all U.S. Swing Line Loans and all L/C Obligations. 

“Transition Period” means the period commencing on the date the Company or any Subsidiary consummates an
Acceptable Acquisition (provided that at such time and after giving effect to such Acceptable Acquisition), the Company and its Subsidiaries are in compliance with Section 7.07 and ending on the last day of the fourth full fiscal
quarter following the date of the consummation of such Acceptable Acquisition. 

  
 42 

 “Type” means, with respect to a Committed Loan, its
character as a Base Rate Loan, a Eurodollar
RateTerm SOFR Loan or an Alternative Currency
Daily Rate Loan, an Alternative Currency Term Rate Loan or a Global Swing Line Loan. 
 “U.K.
Borrower” means any Designated Foreign Borrower incorporated in England and Wales. 
 “UK Financial
Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended form time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person subject to IFPRU 11.6 of the FCA
Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms. 

“UK Resolution Authority” means the Bank of England or any other public administrative authority having
responsibility for the resolution of any UK Financial Institution. 
 “United Kingdom”,
“UK” and “U.K.” mean the United Kingdom of Great Britain and Northern Ireland. 

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

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

“Unrestricted Cash” means, as of any date of determination, cash and Cash Equivalents of the Company that do
not appear (and are not required to appear) as “restricted” on the consolidated balance sheet of the Company and its Subsidiaries (unless such appearance is related to the Liens granted to the Administrative Agent to secure the
Obligations). 
 “U.S. Person” means any Person that is a “United States Person” as defined in
Section 7701(a)(30) of the Code. 

“U.S.
 Government Securities Business Day” means any Business Day, except any Business Day on which any of the Securities Industry and Financial Markets Association, the New York Stock Exchange or the Federal Reserve Bank of New York is not open for
business because such day is a legal holiday under the federal laws of the United States or the laws of the State of New York, as applicable. 

“U.S. Revolving Credit Borrowing” means a borrowing consisting of simultaneous U.S. Revolving Credit Loans of
the same Type and, in the case of Eurodollar
RateTerm SOFR Loans, having the same Interest
Period made by each of the U.S. Revolving Credit Lenders pursuant to Section 2.01(b)(i). 
 “U.S.
Revolving Credit Commitment” means, as to each Lender, its obligation to (a) make U.S. Revolving Credit Loans to the Company and each Domestic Subsidiary of the Company from time to time party hereto as a Designated Borrower pursuant
to Section 2.01(b)(i), (b) purchase participations in L/C Obligations, and (c) purchase participations in U.S. Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth
opposite such Lender’s name on Schedule 2.01 under the caption “U.S. Revolving Credit 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. 
 “U.S. Revolving Credit
Facility” means, at any time, the aggregate amount of the U.S. Revolving Credit Lenders’ U.S. Revolving Credit Commitments at such time. As of the Closing Date, the U.S. Revolving Credit Facility is $440,000,000. 

  
 43 

 “U.S. Revolving Credit Lender” means, at any time, any
Lender that has a U.S. Revolving Credit Commitment at such time. 
 “U.S. Revolving Credit Loan” has the
meaning specified in Section 2.01(b)(i). 
 “U.S. Swing Line Lender” means Bank of America, in
its capacity as provider of U.S. Swing Line Loans, or any successor swing line lender of such swing line loans hereunder. 

“U.S. Swing Line Loan” has the meaning specified in Section 2.04(a)(i). 

“U.S. Swing Line Sublimit” means an amount equal to the lesser of (a) $10,000,000 and (b) the U.S.
Revolving Credit Facility. The U.S. Swing Line Sublimit is part of, and not in addition to, the U.S. Revolving Credit Facility. 

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

“Wholly-Owned Subsidiary” means, with respect to a Subsidiary, that all of the Equity Interests of such
Subsidiary are, directly or indirectly, owned or controlled by the Company and/or one or more of its Wholly-Owned Subsidiaries (except for directors’ qualifying shares or other shares required by Law to be owned by a Person other than the
Company and/or one or more of its Wholly-Owned Subsidiaries). 
 “Write-Down and Conversion Powers” means,
(a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion
powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability
of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or
instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers. 

1.02      Other Interpretive Provisions. With reference to this Agreement and each other
Loan Document, unless otherwise specified herein or in such other Loan Document: 

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

  
 44 

 
to time, and (vi) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and
intangible assets and properties, including cash, securities, accounts and contract rights. 

(b)        In the computation of periods of time from a specified date to a later
specified date, the word “from” means “from and including;” the words “to” and “until” each mean “to but excluding;” and the word “through” means
“to and including.” 
 (c)        Section headings herein and in
the other Loan Documents are included for convenience of reference only and shall not affect the interpretation of this Agreement or any other Loan Document. 

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

1.03      Accounting Terms. 

(a)        Generally. All accounting terms not specifically or completely
defined herein shall be construed in conformity with, and all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP applied on a
consistent basis, as in effect from time to time. Notwithstanding the foregoing, for purposes of determining compliance with any covenant (including the computation of any financial covenant) contained herein, Indebtedness of the Company and its
Subsidiaries shall be deemed to be carried at 100% of the outstanding principal amount thereof, and the effects of FASB ASC 825 and FASB ASC 470-20 on financial liabilities shall be disregarded. 

(b)        Changes in GAAP. If at any time any change in GAAP would affect the
computation of any financial ratio or requirement set forth in any Loan Document, and either the Company or the Required Lenders shall so request, the Administrative Agent, the Lenders and the Company shall negotiate in good faith to amend such
ratio or requirement to preserve the original intent thereof in light of such change in GAAP (subject to the approval of the Required Lenders); provided that, until so amended, (i) such ratio or requirement shall continue to be computed
in accordance with GAAP prior to such change therein and (ii) the Company shall provide to the Administrative Agent and the Lenders such financial statements and other documents as are required under this Agreement or as otherwise reasonably
requested hereunder setting forth a reconciliation between calculations of such ratio or requirement made before and after giving effect to such change in GAAP. Without limiting the foregoing, all obligations of any Person that are or would have
been treated as operating leases for purposes of GAAP prior to the effectiveness of FASB ASC 842 shall continue to be accounted for as operating leases for purposes of all financial definitions and calculations for purpose of this Agreement (whether
or not such operating lease obligations were in effect on such date) notwithstanding the fact that such obligations are required in accordance with FASB ASC 842 (on a prospective or retroactive basis or otherwise) to be treated as Capital Leases in
the financial statements. 
 (c)        Consolidation of Variable Interest
Entities. All references herein to consolidated financial statements of the Company and its Subsidiaries or to the determination of any amount for the Company and its Subsidiaries on a consolidated basis or any similar reference shall, in each
case, be deemed to include 

  
 45 

 
each variable interest entity that the Company is required to consolidate pursuant to FASB ASC 810 as if such variable interest entity were a Subsidiary as defined herein. 

(d)        For purposes of determining the permissibility of any action, change,
transaction, or other event (each of the foregoing, a “Proposed Event”) that requires a calculation of any financial ratio or test (including, without limitation, Section 7.11, any Consolidated Secured Leverage Ratio
test, any Consolidated Leverage Ratio test and/or any interest coverage ratio test, the amount of Consolidated EBITDA and/or Consolidated Assets), such financial ratio or test shall be calculated at the time such action is taken (subject to
Section 1.10), such change is made, such transaction is consummated or such event occurs, as the case may be (any such time, the “Reference Time”). No Default or Event of Default shall be deemed to have occurred as a result of
the Proposed Event having occurred notwithstanding the fact that a change in such financial ratio or test occurred after the applicable Reference Time which would have otherwise made the Proposed Event impermissible hereunder. 

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

1.05      Exchange Rates; Currency Equivalents.  

(a)        The Administrative Agent or the Global Swing Line Lender, as applicable,
shall determine the Spot Rates as of each Revaluation Date to be used for calculating Dollar Equivalent amounts of Credit Extensions and Outstanding Amounts denominated in Alternative Currencies. Such Spot Rates shall become effective as of such
Revaluation Date and shall be the Spot Rates employed in converting any amounts between the applicable currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered by Loan Parties hereunder or
calculating financial covenants hereunder or except as otherwise provided herein, the applicable amount of any currency (other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent amount as so determined by the
Administrative Agent or the L/C Issuer, as applicable. 
 (b)        Wherever in
this Agreement in connection with a Committed Borrowing, conversion, continuation or prepayment of a Eurodollar RateTerm SOFR Loan or an Alternative Currency Loan or the issuance,
amendment or extension of a Letter of Credit, an amount, such as a required minimum or multiple amount, is expressed in Dollars, but such Committed Borrowing,
Eurodollar
RateTerm SOFR Loan, Alternative Currency Loan or
Letter of Credit is denominated in an Alternative Currency, such amount shall be the relevant Alternative Currency Equivalent of such Dollar amount (rounded to the nearest unit of such Alternative Currency, with 0.5 of a unit being rounded upward),
as determined by the Administrative Agent or the L/C Issuer, as the case may be. 

(c)        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 any reference rate referred to herein, the selection of rates in the definition of “Eurodollar Rate”, “Alternative Currency Daily Rate” or “Alternative Currency Term Rate”, the selection of
rates, any related spread or adjustment or with respect to any rate that is an alternative or replacement for or successor to any of such rates (including, without limitation, any Benchmark Replacement or Successor Rate) (or any component of any of the foregoing) or the effect of any of the
foregoing, or of any Alternative Currency Conforming Changes. The Administrative Agent and its affiliates or other related entities may engage in transactions or other activities that
affect any reference rate referred to herein, or any alternative, successor or replacement rate (including, without limitation, any Successor Rate) (or any component of any of the foregoing) or any related spread or other adjustments thereto, in
each case, in a manner adverse to the  

  
 46 

 
Borrower. The Administrative Agent may select information sources
or services in its reasonable discretion to ascertain any reference rate referred to herein or any alternative, successor or replacement rate (including, without
limitation, any Successor Rate) ( or any component of any of the foregoing), in each case pursuant to the terms of this Agreements, and shall have no liability to the Borrower, any Lender or any other person or entity for damages of any kind,
including direct or indirect, special, punitive, incidental or consequential damages, costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any error or other action or omission related to or
affecting the selection, determination, or calculation of any rate (or component thereof) provided by any such information source or service. 

1.06      Additional Alternative Currencies. 

(a)        The Company may from time to time request that Alternative Currency Loans
be made in a currency other than those specifically listed in the definition of “Alternative Currency;” provided that such requested currency is an Eligible Currency. In the case of any such request with respect to the making of
Alternative Currency Loans, such request shall be subject to the approval of the Administrative Agent and the Lenders. 

(b)        Any such request shall be made to the Administrative Agent not later than
11:00 a.m., 20 Business Days prior to the date of the desired Credit Extension (or such other time or date as may be agreed by the Administrative Agent in its reasonable discretion). In the case of any such request pertaining to Alternative Currency
Loans, the Administrative Agent shall promptly notify each Appropriate Lender thereof, including the proposed interest rate and related adjustment (if any) applicable thereto. Each Lender shall notify the Administrative Agent, not later than 11:00
a.m., ten Business Days after receipt of such request whether it consents, in its sole discretion, to the making of Alternative Currency Loans in such requested currency. 

(c)        Any failure by a Lender to respond to such request within the time period
specified in the preceding sentence shall be deemed to be a refusal by such Lender to permit Alternative Currency Loans to be made in such requested currency. If the Administrative Agent and all the Lenders consent to making Alternative Currency
Loans in such requested currency, the Administrative Agent shall so notify the Company and such currency shall thereupon be deemed for all purposes to be an Alternative Currency hereunder for purposes of any Committed Borrowings of Alternative
Currency Loans. If the Administrative Agent shall fail to obtain consent to any request for an additional currency under this Section 1.06, the Administrative Agent shall promptly so notify the Company. 

1.07      Change of Currency.  

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

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

  
 47 

 (c)        Each provision of this
Agreement also shall be subject to such reasonable changes of construction as the Administrative Agent may from time to time specify to be appropriate to reflect a change in currency of any country and any relevant market conventions or practices
relating to the change in currency. 
 1.08      Times of Day. Unless otherwise
specified, all references herein to times of day shall be references to Eastern time (daylight or standard, as applicable). 

1.09      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 that with respect to any Letter of Credit that, by its terms or the terms of any Issuer Document related thereto,
provides for one or more automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such
maximum stated amount is in effect at such time. 
 1.10      Limited Condition
Acquisition. 
 Notwithstanding anything in this Agreement or any other Loan Document to the contrary, for purposes of: 

(a)        determining compliance with any provision of this Agreement (other than
Section 7.11) which requires the calculation of the Consolidated Leverage Ratio or the Consolidated Secured Leverage Ratio or an interest coverage ratio; 

(b)        determining the accuracy of representations and warranties and/or whether a
Default or Event of Default (or any subset of Defaults or Events of Default) has occurred, is continuing or would result from an action; or 

(c)        testing availability under baskets set forth in this Agreement (including
any baskets based on, or measured as, a percentage of Consolidated EBITDA or Consolidated Assets); 
 in each case, in
connection with a Limited Condition Acquisition, at the option of the Company (the Company’s election to exercise such option in connection with any Limited Condition Acquisition, an “LCA Election”), with such LCA Election to
be made on or prior to the date of execution of, at the option of the Company, the definitive agreement or a letter of intent (“Limited Condition Acquisition Agreement”) related to such Limited Condition Acquisition, (the
“LCA Test Date”), and if, after giving pro forma effect to the Limited Condition Acquisition, the transactions and the other transactions to be entered into in connection therewith (including any incurrence of Indebtedness or Liens
and the use of proceeds thereof) as if they had occurred at the beginning of the most recent test period ending prior to the LCA Test Date, the Company could have taken such action on the relevant LCA Test Date in compliance with such ratio or
basket, such ratio or basket shall be deemed to have been complied with; provided that, if financial statements for one or more subsequent fiscal quarters or fiscal years, as applicable, shall have become available prior to the consummation of the
applicable Limited Condition Acquisition, the Company may elect, in its sole discretion, to re-determine availability under any applicable ratio, test or basket for purposes of clause (i) and (iii) above on the basis of such financial
statements, in which case such date of redetermination shall thereafter be deemed to be the applicable LCA Test Date with respect to such ratio, test or basket for purposes of clause (i) and (iii) above. 

For the avoidance of doubt, if the Company has made an LCA Election and (x) any of the ratios or baskets for which compliance was
determined or tested as of the LCA Test Date (including with respect to the incurrence of Indebtedness) are not satisfied as a result of fluctuations in any such ratio or basket, including due to fluctuations in Consolidated EBITDA of the Company or
the Person subject to such Limited Condition Acquisition, at or prior to the consummation of the relevant transaction or action, such baskets 

  
 48 

 
or ratios will not be deemed to have been unsatisfied as a result of such fluctuations; provided, however, if any ratios or baskets improve as a result of such fluctuations, such improved ratios
or baskets may be utilized and (y) such ratios and other provisions need not be tested again at the time of consummation of such Limited Condition Acquisition or related transactions. If the Company has made an LCA Election for any Limited
Condition Acquisition, then in connection with any subsequent calculation of any ratio or basket availability with respect to any other transaction on or following the relevant LCA Test Date and prior to the earlier of (i) the date on which
such Limited Condition Acquisition is consummated or (ii) the date that the Limited Condition Acquisition Agreement for such Limited Condition Acquisition is terminated or expires without consummation of such Limited Condition Acquisition, any
such ratio or basket shall be calculated on a pro forma basis assuming such Limited Condition Acquisition and other transactions in connection therewith (including any incurrence of Indebtedness or Liens and the use of proceeds thereof) have been
consummated. 
 ARTICLE II. 

THE COMMITMENTS AND CREDIT EXTENSIONS 

2.01      Committed Loans. 

(a)        Term Loans. Subject to the terms and conditions set forth herein,
each Term Lender severally agrees to make a single loan to the Company, in Dollars on the Closing Date in an amount not to exceed such Term Lender’s Applicable Percentage of the Term Facility. The Term Borrowing shall consist of Term Loans made
simultaneously by the Term Lenders in accordance with their respective Applicable Percentage of the Term Facility. Term Borrowings repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Eurodollar RateTerm
SOFR Loans, as further provided herein. 

(b)        Revolving Loans. Subject to the terms and conditions set forth
herein, (i) each U.S. Revolving Credit Lender severally agrees to make loans (each such loan, a “U.S. Revolving Credit Loan”) to the Company and each Domestic Subsidiary of the Company from time to time party hereto as a
Designated Borrower in Dollars, from time to time on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such U.S. Revolving Credit Lender’s U.S. Revolving Credit
Commitment; and (ii) each Global Revolving Credit Lender severally agrees to make loans (each such loan, a “Global Revolving Credit Loan”) to the Company or any Designated Foreign Borrower in Dollars or in one or more
Alternative Currencies from time to time (provided that (A) only the Company and any Canadian Borrower shall be permitted to borrow Loans denominated in Canadian Dollars and (B) no Canadian Borrower shall be permitted to borrow
Loans denominated in any currency other than Canadian Dollars), on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Global Revolving Credit Lender’s Global
Revolving Credit Commitment; provided that (x) the Designated Foreign Borrowers shall only be permitted to borrow Global Revolving Credit Loans and (y) after giving effect to any Committed Borrowing under this
Section 2.01(b): 
 (A)        (1) the Total U.S. Revolving Credit
Outstandings shall not exceed the U.S. Revolving Credit Facility and (2) the Total Global Revolving Credit Outstandings shall not exceed the Global Revolving Credit Facility; 

(B)        (1) the aggregate Outstanding Amount of the U.S. Revolving Credit
Loans of any U.S. Revolving Credit Lender, plus such U.S. Revolving Credit Lender’s Applicable Percentage of the Outstanding Amount of all U.S. Swing Line Loans, plus such U.S. Revolving Credit Lender’s Applicable Percentage
of the Outstanding Amount of all L/C Obligations shall not exceed such U.S. Revolving Credit Lender’s U.S. Revolving Credit Commitment; and (2) the aggregate Outstanding Amount of the Global Revolving Credit Loans of any Global Revolving
Credit Lender, plus such Global Revolving Credit Lender’s Applicable Percentage of the Outstanding Amount of 

  
 49 

 
all Global Swing Line Loans shall not exceed such Global Revolving Credit Lender’s Global Revolving Credit Commitment; and 

(C)        the aggregate Outstanding Amount of all Committed Loans made to the
Designated Borrowers shall not exceed the Designated Foreign Borrower Sublimit. 
 Within the limits of each Lender’s Commitment, and
subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.01(b), prepay under Section 2.05, and reborrow under this Section 2.01(b). Revolving Loans may be Base Rate Loans, Eurodollar RateTerm
SOFR Loans or Alternative Currency Loans, as further provided herein. 
 With
respect to any Committed Borrowing to be made on the Closing Date or any of the two (2) Business Days following the Closing Date (and for which a Committed Loan Notice will be delivered prior to the Closing Date), such Committed Borrowing shall
be made as Base Rate Loans unless the Company also delivers a Funding Indemnity Letter not less than two (2) Business Days prior to the Closing Date. 

2.02      Borrowings, Conversions and Continuations of Committed Loans. 

(a)        Each Committed Borrowing, each conversion of Committed Loans from one Type
to the other, and each continuation of Eurodollar
RateTerm SOFR Loans or Alternative Currency Term
Rate Loans shall be made upon the Company’s irrevocable notice to the Administrative Agent, which may be given by (A) telephone or (B) a Committed Loan Notice; provided that any telephonic notice must be confirmed promptly by
delivery to the Administrative Agent of a Committed Loan Notice. Each such Committed Loan Notice must be received by the Administrative Agent not later than 12:00 p.m. (noon) (Eastern time (for any Dollar-denominated or Canadian Dollar-denominated
Loan request) or London time (for any Alternative Currency-denominated (other than Canadian Dollar-denominated) Loan request) (i) twothree Business Days prior to the requested date of any Borrowing of,
conversion to or continuation of Eurodollar
RateTerm SOFR Loans denominated in Dollars or of
any conversion of Eurodollar
RateTerm SOFR Loans to Base Rate Committed Loans,
(ii) four Business Days (or five Business Days in the case of a Special Notice Currency) prior to the requested date of any Borrowing or continuation of Alternative Currency Term Rate Loans, and (iii) on the requested date of any Borrowing
of Base Rate Committed Loans. Each Borrowing of, conversion to or continuation of Eurodollar RateTerm SOFR Loans or Alternative Currency Term Rate Loan shall be in a
principal amount equal to the Dollar Equivalent of $1,000,000 or a whole multiple of the Dollar Equivalent of $500,000 in excess thereof (or, in connection with any conversion or continuation of a Term Loan, if less, the entire principal thereof
then outstanding). Except as provided in Sections 2.03(c) and 2.04(c), each Committed Borrowing of or conversion to Base Rate Committed Loans shall be in a principal amount equal to the Dollar Equivalent of $500,000 or a whole multiple
of the Dollar Equivalent of $100,000 in excess thereof (or, in connection with any conversion or continuation of a Term Loan, if less, the entire principal thereof then outstanding). Each Committed Loan Notice shall specify (i) whether the
Company is requesting a Committed Borrowing, a conversion of Committed Loans from one Type to the other, or a continuation of Loans, as the case may be, (ii) the requested date of the Borrowing, conversion or continuation, as the case may be
(which shall be a Business Day), (iii) the principal amount of Committed Loans to be borrowed, converted or continued, (iv) the Type of Committed Loans to be borrowed or to which existing Committed Loans are to be converted, (v) if
applicable, the duration of the Interest Period with respect thereto, (vi) the currency of the Committed Loans to be borrowed, and (vii) if applicable, the identity of the applicable Borrower. If the Company fails to specify a currency in
a Committed Loan Notice requesting a Borrowing, then the Committed Loans so requested shall be made in Dollars. If the Company fails to specify a Type of Committed Loan in a Committed Loan Notice or if the Company fails to give a timely notice
requesting a conversion or continuation, then the applicable Committed Loans shall be made as, or converted to, Base Rate Loans; provided that in the case of a failure to timely request a continuation of Alternative Currency Term Rate Loans,
such Loans shall be continued as Alternative Currency Term Rate Loans in their original currency 

  
 50 

 
with an Interest Period of one month. Any automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Eurodollar RateTerm
SOFR Loans or Alternative Currency Term Rate Loans, as they case may be. If the Company requests a Borrowing of, conversion to, or continuation of Eurodollar RateTerm
SOFR Loans or Alternative Currency Term Rate Loans in any such Committed Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month.
No Committed Loan may be converted into or continued as a Committed Loan denominated in a different currency, but instead must be prepaid in the original currency of such Committed Loan and reborrowed in the other currency. 

(b)        Following receipt of a Committed Loan Notice, the Administrative Agent
shall promptly notify each Lender of the amount (and currency) of its Applicable Percentage under the applicable Facility of the applicable Committed Loans, and if no timely notice of a conversion or continuation is provided by the Company, the
Administrative Agent shall notify each Lender of the details of any automatic conversion to Base Rate Loans or continuation of Committed Loans denominated in a currency other than Dollars, in each case as described in the preceding clause. In the
case of a Committed Borrowing, each Appropriate Lender shall make the amount of its Committed Loan available to the Administrative Agent in Same Day Funds at the Administrative Agent’s Office for the applicable currency not later than 1:00
p.m., in the case of any Committed Loan denominated in Dollars, and not later than the Applicable Time specified by the Administrative Agent in the case of any Committed Loan in an Alternative Currency, in each case on the Business Day specified in
the applicable Committed Loan Notice. Upon satisfaction of the applicable conditions set forth in Section 4.02 (and, if such Borrowing is the initial Credit Extension, Section 4.01), the Administrative Agent shall make all
funds so received available to the Company or the other applicable Borrower in like funds as received by the Administrative Agent either by (i) crediting the account of such Borrower on the books of Bank of America with the amount of such funds
or (ii) wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the Company; provided that if, on the date the Committed Loan Notice with respect to
such Borrowing denominated in Dollars is given by the Company, there are L/C Borrowings outstanding, then the proceeds of such Borrowing, first, shall be applied to the payment in full of any such L/C Borrowings, and, second, shall be
made available to the applicable Borrower as provided above. 
 (c)        Except as
otherwise provided herein, a Eurodollar
RateTerm SOFR Loan or Alternative Currency Term
Rate Loan may be continued or converted only on the last day of an Interest Period for such Eurodollar RateTerm SOFR Loan or Alternative Currency Term Rate Loans. During the
existence of a Default, no Loans may be requested as, converted to or continued as Eurodollar RateTerm SOFR Loans or Alternative Currency Term Rate Loans without the
consent of the Required Lenders, and the Required Lenders may demand that any or all of the then outstanding Alternative Currency Term Rate Loans be prepaid, or redenominated into Dollars in the amount of the Dollar Equivalent thereof, on the last
day of the then current Interest Period with respect thereto. 

(d)        The Administrative Agent shall promptly notify the Company and the Lenders
of the interest rate applicable to any Interest Period for Eurodollar
RateTerm SOFR Loans upon determination of such
interest rate. At any time that Base Rate Loans are outstanding, the Administrative Agent shall notify the Company and the Lenders of any change in Bank of America’s prime rate used in determining the Base Rate promptly following the public
announcement of such change. 
 (e)        After giving effect to all Term
Borrowings, all conversions of Term Loans from one Type to the other, and all continuations of Term Loans as the same Type, there shall not be more than four (4) Interest Periods in effect in respect of the Term Facility. After giving effect to
all Revolving Borrowings, all conversions of Revolving Loans from one Type to the other, and all continuations of Revolving Loans as the same Type, there shall not be more than twelve (12) Interest Periods in effect in respect of the Revolving
Facility. 

  
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 (f)        Notwithstanding anything
to the contrary in this Agreement, (i) 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 Company, the Administrative Agent and such Lender and (ii) to the extent any Loan bearing interest at
the Eurodollar Rate (as such term was defined in this Agreement immediately prior to giving effect to the First Amendment) is outstanding on the First Amendment Effective Date, such Loan shall continue to bear interest at the Eurodollar Rate (but,
for the avoidance of doubt, the “Applicable Rate” for such Loans shall be the Applicable Rate for Term SOFR Loans being determined in accordance with this Agreement (after giving effect to the First Amendment)) until the end of the current
Interest Period or payment period applicable to such Loan. 

(g)        With respect to any SOFR, Term SOFR, Alternative Currency Daily Rate, and Alternative Currency Term Rate, the Administrative Agent will have
the right to make Alternative Currency Conforming Changes from time to time and, notwithstanding
anything to the contrary herein or in any other Loan Document, any amendments implementing such Alternative Currency Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document; provided that, with respect to any such amendment effected, the
Administrative Agent shall post each such amendment implementing such Alternative Currency Conforming
Changes to the Borrowers and the Lenders reasonably promptly after such amendment becomes effective. 

2.03      Letters of Credit. 

(a)        The Letter of Credit Commitment. 

(i)        Subject to the terms and conditions set forth herein,
(A) the L/C Issuer agrees, in reliance upon the agreements of the U.S. Revolving Credit Lenders set forth in this Section 2.03, (1) from time to time on any Business Day during the period from the Closing Date until the Letter
of Credit Expiration Date, to issue Letters of Credit denominated in Dollars for the account of the Company, and to amend or extend Letters of Credit previously issued by it, in accordance with clause (b) below, and (2) to honor
drawings under the Letters of Credit; and (B) the U.S. Revolving Credit Lenders severally agree to participate in Letters of Credit issued for the account of the Company and any drawings thereunder; provided that after giving effect to
any L/C Credit Extension with respect to any Letter of Credit, (1) the Total Revolving Outstandings shall not exceed the Revolving Facility, (2) the Total U.S. Revolving Credit Outstandings shall not exceed the U.S. Revolving Credit
Facility, (3) the aggregate Outstanding Amount of the U.S. Revolving Credit Loans of any U.S. Revolving Credit Lender, plus such U.S. Revolving Credit Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations
shall not exceed such U.S. Revolving Credit Lender’s U.S. Revolving Credit Commitment, and (4) the Outstanding Amount of the L/C Obligations shall not exceed the Letter of Credit Sublimit. Each request by the Company for the issuance or
amendment of a Letter of Credit shall be deemed to be a representation by the Company that the L/C Credit Extension so requested complies with the conditions set forth in the proviso to the preceding sentence. Within the foregoing limits, and
subject to the terms and conditions hereof, the Company’s ability to obtain Letters of Credit shall be fully revolving, and accordingly the Company may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit that
have expired or that have been drawn upon and reimbursed. 

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

 (A)        the expiry date of such requested Letter of Credit
would occur more than twelve months after the date of issuance, unless the Required Lenders have approved such expiry date; or 

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

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

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

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

(D)        such Letter of Credit is to be denominated in a currency other than
Dollars; 
 (E)        any U.S. Revolving Credit Lender is at that
time a Defaulting Lender, unless the L/C Issuer has entered into arrangements, including the delivery of Cash Collateral, satisfactory to the L/C Issuer (in its sole discretion) with the Company or such U.S. Revolving Credit Lender to eliminate the
L/C Issuer’s actual or potential Fronting Exposure (after giving effect to Section 2.17(a)(iv)) with respect to the Defaulting Lender arising from either the Letter of Credit then proposed to be issued or that Letter of Credit and
all other L/C Obligations as to which the L/C Issuer has actual or potential Fronting Exposure, as it may elect in its sole discretion; or 

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

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

(v)        The L/C Issuer shall be under no obligation to amend any
Letter of Credit if (A) the L/C Issuer would have no obligation at such time to issue such Letter of Credit in its amended form under the terms hereof, or (B) the beneficiary of such Letter of Credit does not accept the proposed amendment
to such Letter of Credit. 
 (vi)        The L/C Issuer shall act on
behalf of the U.S. Revolving Credit Lenders with respect to any Letters of Credit issued by it and the documents associated therewith, and the L/C Issuer shall have all of the benefits and immunities (A) provided to the Administrative Agent in
Article IX, subject to any limitations set forth therein, with respect to any acts taken or omissions suffered by the L/C Issuer in connection with Letters of Credit issued by it or proposed to be issued by it and Issuer Documents pertaining
to such Letters of Credit as fully as if the term 

  
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 “Administrative Agent” as used in Article IX included the
L/C Issuer with respect to such acts or omissions, and (B) as additionally provided herein with respect to the L/C Issuer. 

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

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

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

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

(c)        Drawings and Reimbursements; Funding of Participations. 

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

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

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

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

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

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

	 	(d)      Repayment	 of Participations. 

(i)    At any time after the L/C Issuer has made a payment under any Letter of Credit and
has received from any U.S. Revolving Credit Lender such U.S. Revolving Credit Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of the L/C Issuer
any payment in respect of the related Unreimbursed 

  
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Amount or interest thereon (whether directly from the Company or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will
distribute to such U.S. Revolving Credit Lender its Applicable Percentage thereof in the same funds as those received by the Administrative Agent. 

(ii)        If any payment received by the Administrative Agent for
the account of the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by the L/C Issuer in its
discretion), each U.S. Revolving Credit Lender shall pay to the Administrative Agent for the account of the L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the
date such amount is returned by such Lender, at a rate per annum equal to the applicable Overnight Rate from time to time in effect. The obligations of the U.S. Revolving Credit Lenders under this clause shall survive the payment in full of the
Obligations and the termination of this Agreement. 
 (e)        Obligations
Absolute. The obligation of the Company to reimburse the L/C Issuer for each drawing under each Letter of Credit and to repay each L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the
terms of this Agreement under all circumstances, including the following: 

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

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

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

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

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

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

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

  
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other representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding under any Debtor Relief Law; or 

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

The Company 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 Company’s instructions or other irregularity, the Company will immediately notify the L/C Issuer. The Company shall be conclusively deemed to have waived any such claim against the L/C Issuer and
its correspondents unless such notice is given as aforesaid. 
 (f)        Role
of L/C Issuer. Each U.S. Revolving Credit Lender and the Company agree that, in paying any drawing under a Letter of Credit, the L/C Issuer shall not have any responsibility to obtain any document (other than any sight draft, certificates and
documents expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person executing or delivering any such document. None of the L/C Issuer, the Administrative
Agent, any of their respective Related Parties nor any correspondent, participant or assignee of the L/C Issuer shall be liable to any U.S. Revolving Credit Lender for (i) any action taken or omitted in connection herewith at the request or
with the approval of the U.S. Revolving Credit Lenders or the Required Lenders, as applicable; (ii) any action taken or omitted in the absence of gross negligence or willful misconduct; or (iii) the due execution, effectiveness, validity
or enforceability of any document or instrument related to any Letter of Credit or Issuer Document. The Company 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 Company’s pursuing such rights and remedies as it may have against the beneficiary or transferee at law or under any other agreement. None of the L/C Issuer,
the Administrative Agent, any of their respective Related Parties nor any correspondent, participant or assignee of the L/C Issuer shall be liable or responsible for any of the matters described in clauses (i) through (viii) of
Section 2.03(e); provided that anything in such clauses to the contrary notwithstanding, the Company may have a claim against the L/C Issuer, and the L/C Issuer may be liable to the Company, to the extent, but only to the extent,
of any direct, as opposed to consequential or exemplary, damages suffered by the Company which the Company proves were caused by the L/C Issuer’s willful misconduct or gross negligence or the L/C Issuer’s willful failure to pay under any
Letter of Credit after the presentation to it by the beneficiary of a sight draft and certificate(s) strictly complying with the terms and conditions of a Letter of Credit. In furtherance and not in limitation of the foregoing, the L/C Issuer may
accept documents that appear on their face to be in order, without responsibility for further investigation, regardless of any notice or information to the contrary, and the L/C Issuer shall not be responsible for the validity or sufficiency of any
instrument transferring 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 L/C Issuer
may send a Letter of Credit or conduct any communication to or from the beneficiary via the Society for Worldwide Interbank Financial Telecommunication message or overnight courier, or any other commercially reasonable means of communicating with a
beneficiary. 
 (g)        Applicability of ISP; Limitation of Liability.
Unless otherwise expressly agreed by the L/C Issuer and the Company when a Letter of Credit is issued, the rules of the ISP shall apply to each Letter of Credit. Notwithstanding the foregoing, the L/C Issuer shall not be responsible to the Company
for, and the L/C Issuer’s rights and remedies against the Company shall not be impaired by, any action or inaction of the L/C Issuer required or permitted under any law, order, or practice that is required or permitted to be applied to any
Letter of Credit or this Agreement, including the Law or any order of a jurisdiction where the L/C Issuer or the beneficiary is located, the practice stated in the ISP or in the decisions, opinions, practice statements, or official commentary of the
ICC Banking Commission, the Bankers Association for 

  
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Finance and Trade – International Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, whether or not any Letter of Credit chooses
such law or practice. 
 (h)        Letter of Credit Fees. The Company shall
pay to the Administrative Agent for the account of each U.S. Revolving Credit Lender in accordance, subject to Section 2.17, with its Applicable Percentage a Letter of Credit fee (the “Letter of Credit Fee”) equal to the
Applicable Rate times the daily amount available to be drawn under such Letter of Credit. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in
accordance with Section 1.08. Letter of Credit Fees shall be (i) due and payable on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of
Credit, on the Letter of Credit Expiration Date and thereafter on demand and (ii) computed on a quarterly basis in arrears. If there is any change in the Applicable Rate during any quarter, the daily amount available to be drawn under each
Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. Notwithstanding anything to the contrary contained herein, upon the request of the
Required Lenders, while any Event of Default exists, all Letter of Credit Fees shall accrue at the Default Rate. 

(i)        Fronting Fee and Documentary and Processing Charges Payable to L/C
Issuer. The Company shall pay directly to the L/C Issuer for its own account a fronting fee at the rate per annum specified in the Fee Letter, computed on the daily amount available to be drawn under such Letter of Credit on a quarterly basis in
arrears. Such fronting fee shall be due and payable on the last Business Day of each March, June, September and December in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with
the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of
such Letter of Credit shall be determined in accordance with Section 1.09. In addition, the Company shall pay directly to the L/C Issuer for its own account the reasonable and customary issuance, presentation, amendment and other
processing fees, and other reasonable and standard costs and charges, of the L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are
nonrefundable. 
 (j)        Conflict with Issuer Documents. In the event of
any conflict between the terms hereof and the terms of any Issuer Document, the terms hereof shall control. 

2.04       Swing Line Loans. 

(a)        The Swing Line. Subject to the terms and conditions set forth
herein, (i) the U.S. Swing Line Lender, in reliance upon the agreements of the other U.S. Revolving Credit Lenders set forth in this Section 2.04, may in its sole discretion make loans in Dollars (each such loan, a “U.S.
Swing Line Loan”) to the Company and each Domestic Subsidiary of the Company from time to time party hereto as a Designated Borrower from time to time on any Business Day during the Availability Period, in an aggregate amount not to exceed
at any time outstanding the amount of the U.S. Swing Line Sublimit, notwithstanding the fact that such U.S. Swing Line Loans, when aggregated with the Applicable Percentage of the Outstanding Amount of U.S. Revolving Credit Loans and L/C Obligations
of the U.S. Revolving Credit Lender acting as Swing Line Lender, may exceed the amount of such Lender’s U.S. Revolving Credit Commitment, and (ii) the Global Swing Line Lender, in reliance upon the agreements of the Global Revolving Credit
Lenders set forth in this Section 2.04, may in its sole discretion make loans in one or more Alternative Currencies (each such loan, a “Global Swing Line Loan”) to the Designated Foreign Borrowers (other than any
Designated Foreign Borrower that is a Jersey Borrower) from time to time on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of the Global Swing Line Sublimit; provided
that (A) after giving effect to any Swing Line Loan, (1) the Total Revolving Outstandings shall not exceed the Revolving Facility, (2) the Total U.S. Revolving 

  
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Credit Outstandings shall not exceed the U.S. Revolving Credit Facility at such time, (3) the Total Global Revolving Credit Outstandings shall not exceed the Global Revolving Credit Facility
at such time, (4) the aggregate Outstanding Amount of the U.S. Revolving Credit Loans of any U.S. Revolving Credit Lender, plus such U.S. Revolving Credit Lender’s Applicable Percentage of the Outstanding Amount of all L/C
Obligations, plus such U.S. Revolving Credit Lender’s Applicable Percentage of the Outstanding Amount of all U.S. Swing Line Loans shall not exceed such U.S. Revolving Credit Lender’s U.S. Revolving Credit Commitment, and
(5) the aggregate Outstanding Amount of the Global Revolving Credit Loans of any Global Revolving Credit Lender, plus such Global Revolving Credit Lender’s Applicable Percentage of the Outstanding Amount of all Global Swing Line
Loans shall not exceed such Global Revolving Credit Lender’s Global Revolving Credit Commitment; (B) the Company shall not use the proceeds of any Swing Line Loan to refinance any outstanding Swing Line Loan; and (C) the applicable
Swing Line Lender shall not be under any obligation to make any Swing Line Loan if it shall determine (which determination shall be conclusive and binding absent manifest error) that it has, or by such Credit Extension may have, Fronting Exposure.
Within the foregoing limits, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.04, prepay under Section 2.05, and reborrow under this Section 2.04. Each U.S. Swing
Line Loan shall be a Base Rate Loan, and each Global Swing Line Loan shall be a Loan that bears interest based on (x) in the case of Global Swing Line Loans denominated in Canadian Dollars, the Canadian Prime Rate and (y) in the case of
Global Swing Line Loans denominated in any other Alternative Currency, the applicable Overnight Rate for Credit Extensions denominated in such Alternative Currency. Immediately upon the making of a Swing Line Loan, each U.S. Revolving Credit Lender
or Global Revolving Credit Lender, as applicable, shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the applicable Swing Line Lender a risk participation in such Swing Line Loan, in an amount equal to the
product of such Revolving Lender’s Applicable Percentage times the amount of such Swing Line Loan. 

(b)        Borrowing Procedures. Each Swing Line Borrowing shall be made upon
the Company’s (in the case of U.S. Swing Line Loans) or a Designated Foreign Borrower’s (in the case of Global Swing Line Loans) irrevocable notice to the applicable Swing Line Lender and the Administrative Agent, which may be given by
(i) telephone or (ii) by a Swing Line Loan Notice; provided that any telephonic notice must be confirmed promptly by delivery to the applicable Swing Line Lender and the Administrative Agent of a Swing Line Loan Notice. Each such
Swing Line Loan Notice must be received by the applicable Swing Line Lender and the Administrative Agent not later than (A) 1:00 p.m. Eastern time, in the case of U.S. Swing Line Loans, or (B) 11:00 a.m. London time, in the case of
Global Swing Line Loans on the requested borrowing date, and shall specify (1) the amount to be borrowed, which shall be a minimum of $100,000 (or, as applicable, the Alternative Currency Equivalent thereof), and (2) the requested
borrowing date, which shall be a Business Day. Promptly after receipt by the applicable Swing Line Lender of any Swing Line Loan Notice, such Swing Line Lender will confirm with the Administrative Agent (by telephone or in writing) that the
Administrative Agent has also received such Swing Line Loan Notice and, if not, such Swing Line Lender will notify the Administrative Agent (by telephone or in writing) of the contents thereof. Unless the applicable Swing Line Lender has received
notice (by telephone or in writing) from the Administrative Agent (including at the request of any U.S. Revolving Credit Lender or Global Swing Line Lender, as applicable) prior to 2:00 p.m. (Eastern time, in the case of U.S. Swing Line Loans, or
London time, in the case of Global Swing Line Loans) on the date of the proposed Swing Line Borrowing (A) directing the applicable Swing Line Lender not to make such Swing Line Loan as a result of the limitations set forth in the first proviso
to the first sentence of Section 2.04(a), or (B) that one or more of the applicable conditions specified in Article IV is not then satisfied, then, subject to the terms and conditions hereof, such Swing Line Lender will,
not later than 3:00 p.m. (Eastern time, in the case of U.S. Swing Line Loans, or London time, in the case of Global Swing Line Loans) on the borrowing date specified in such Swing Line Loan Notice, make the amount of its Swing Line Loan
available to the applicable Borrower at its office by crediting the account of such Borrower on the books of such Swing Line Lender in Same Day Funds. 

  
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 (c)      Refinancing of Swing Line
Loans. 
 (i)        Each Swing Line Lender at any time in its
sole and absolute discretion may request, on behalf of the Borrowers (which hereby irrevocably authorize the Swing Line Lenders to so request on their behalf), that each applicable Revolving Lender make a Committed Loan in an amount equal to such
Revolving Lender’s Applicable Percentage of the amount of Swing Line Loans then outstanding. Such request shall be made in writing (which written request shall be deemed to be a Committed Loan Notice for purposes hereof) and in accordance with
the requirements of Section 2.02, without regard to the minimum and multiples specified therein for the principal amount of Loans, but subject to the unutilized portion of the U.S. Revolving Credit Facility or the Global Revolving Credit
Facility, as applicable, and the conditions set forth in Section 4.02. The applicable Swing Line Lender shall furnish the applicable Borrower with a copy of the applicable Committed Loan Notice promptly after delivering such notice to
the Administrative Agent. Each applicable Revolving Lender shall make an amount equal to its Applicable Percentage of the amount specified in such Committed Loan Notice available to the Administrative Agent in the applicable currency in Same Day
Funds (and the Administrative Agent may apply Cash Collateral available with respect to the applicable Swing Line Loan) for the account of the applicable Swing Line Lender at the Administrative Agent’s Office for payments denominated in the
applicable currency not later than 1:00 p.m. (Eastern time, in the case of U.S. Swing Line Loans, or London time, in the case of Global Swing Line Loans) on the day specified in such Committed Loan Notice, whereupon, subject to
Section 2.04(c)(ii), each Revolving Lender that so makes funds available shall be deemed to have made a Committed Loan to the applicable Borrower in such amount. The Administrative Agent shall remit the funds so received to the
applicable Swing Line Lender. 
 (ii)        If for any reason any
Swing Line Loan cannot be refinanced by such a Revolving Borrowing in accordance with Section 2.04(c)(i), the request for Committed Loans submitted by the applicable Swing Line Lender as set forth herein shall be deemed to be a request
by such Swing Line Lender that each of the applicable Revolving Lenders fund its risk participation in the relevant Swing Line Loan and each applicable Revolving Lender’s payment to the Administrative Agent for the account of the applicable
Swing Line Lender pursuant to Section 2.04(c)(i) shall be deemed payment in respect of such participation. 

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

(iv)        Each Revolving Lender’s obligation to make Revolving
Loans or to purchase and fund risk participations in Swing Line Loans pursuant to this Section 2.04(c) shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim,
recoupment, defense or other right which such Revolving Lender may have against 

  
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the applicable Swing Line Lender, the Borrowers or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default, or (C) any other occurrence, event or
condition, whether or not similar to any of the foregoing; provided that each Revolving Lender’s obligation to make Revolving Loans pursuant to this Section 2.04(c) is subject to the conditions set forth in
Section 4.02. No such funding of risk participations shall relieve or otherwise impair the obligation of the Borrowers to repay Swing Line Loans, together with interest as provided herein. 

(d)      Repayment of Participations. 

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

(ii)        If any payment received by the applicable Swing Line
Lender in respect of principal or interest on any Swing Line Loan is required to be returned by such Swing Line Lender under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such
Swing Line Lender in its discretion), each applicable Revolving Lender shall pay to the applicable Swing Line Lender its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the
date such amount is returned, at a rate per annum equal to the applicable Overnight Rate. The Administrative Agent will make such demand upon the request of the applicable Swing Line Lender. The obligations of the Revolving Lenders under this clause
shall survive the payment in full of the Obligations and the termination of this Agreement. 

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

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

2.05       Prepayments.  

(a)        Optional. 

(i)        Each Borrower may, upon notice from the Company to the
Administrative Agent pursuant to delivery to the Administrative Agent of a Notice of Loan Prepayment, at any time or from time to time voluntarily prepay Committed Loans in whole or in part without premium or penalty; provided that
(i) such notice must be received by the Administrative Agent not later than 11:00 a.m. (A) three Business Days prior to any date of prepayment of
Eurodollar RateTerm
SOFR Loans denominated in Dollars, (B) four Business Days (or five, in the case of prepayment of Loans denominated in Special Notice Currencies) prior to any date of prepayment of any
Alternative Currency Loans, and (C) on the date of prepayment of Base Rate Committed Loans; (ii) any prepayment of Eurodollar RateTerm SOFR Loans denominated in Dollars shall be in a principal amount of
$1,000,000 or a whole multiple of $500,000 in excess thereof; (iii) any prepayment of Alternative Currency Loans shall be in a minimum principal amount of the Alternative Currency Equivalent of $1,000,000 or a whole multiple of the Alternative
Currency Equivalent of $500,000 

  
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in excess thereof; and (iv) any prepayment of Base Rate Committed Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof or, in each case, if
less, the entire principal amount thereof then outstanding. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Committed Loans to be prepaid and, if Eurodollar RateTerm
SOFR Loans or Alternative Currency Term Rate Loans are to be prepaid, the Interest Period(s) of such Loans. The Administrative Agent will promptly notify each Lender of its receipt of each such
notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Company, the applicable Borrower shall make such prepayment and the payment amount specified in such notice shall be due and
payable on the date specified therein; provided that such notice may be conditional on the effectiveness of a replacement credit agreement (or other similar document) or the receipt of proceeds of the issuance of Indebtedness or some other
identifiable event or condition and may be revoked by the Company (by written notice to the Administrative Agent at least one (1) Business Day prior to the specified effective date) if such condition is not satisfied. Any prepayment of a
Eurodollar
RateTerm SOFR Loan and any Alternative Currency
Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Each prepayment of the outstanding Term Loans pursuant to this clause shall be applied to
the principal repayment installments thereof in inverse order of maturity. Each such prepayment shall be applied to the Committed Loans of the Lenders in accordance with their respective Applicable Percentages. 

(ii)        The Company may, upon notice to the applicable Swing Line
Lender pursuant to delivery to such Swing Line Lender of a Notice of Loan Prepayment (with a copy to the Administrative Agent), at any time or from time to time, voluntarily prepay Swing Line Loans in whole or in part without premium or penalty;
provided that (i) such notice must be received by such Swing Line Lender and the Administrative Agent not later than 1:00 p.m. (Eastern time, in the case of U.S. Swing Line Loans, or London time, in the case of Global Swing Line
Loans) on the date of the prepayment, and (ii) any such prepayment shall be in a minimum principal amount of $100,000 (or, as applicable, the Alternative Currency Equivalent thereof). Each such notice shall specify the date and amount of such
prepayment. If such notice is given by the Company, the Company shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. 

(b)      Mandatory. 

(i)        If for any reason the Total Revolving Outstandings at any
time exceed the Revolving Facility then in effect, the Borrowers shall promptly prepay Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided that the Company shall not be required to Cash
Collateralize the L/C Obligations pursuant hereto unless after the prepayment in full of the Loans the Total Revolving Outstandings exceed the Revolving Facility then in effect. Such Cash Collateral shall be subject to reduction in accordance with
Section 2.16. 
 (ii)        If the Administrative Agent
notifies the Company at any time that the Outstanding Amount of all Loans denominated in Alternative Currencies at such time exceeds an amount equal to 105% of the Global Revolving Credit Facility then in effect, then, within two Business Days after
receipt of such notice, the Borrowers shall prepay Loans in an aggregate amount sufficient to reduce such Outstanding Amount as of such date of payment to an amount not to exceed 100% of the Global Revolving Credit Facility then in effect. 

(iii)        If, within five (5) Business Days following any
Disposition of property by any Loan Party permitted by Section 7.05(f), Consolidated Leverage Ratio, after giving pro forma effect to such Disposition, is greater than 4.00 to 1.00, the Borrowers shall prepay an aggregate

  
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principal amount of Loans equal to 75% of such Net Cash Proceeds immediately upon receipt thereof by such Person (such prepayments to be applied as set forth in
clause (iv) below); provided that, so long as no Specified Event of Default shall have occurred and be continuing, such Net Cash Proceeds shall not be required to be so applied at the election of the Company (as notified by
the Company to the Administrative Agent) to the extent the Company or any of the Subsidiaries reinvests all or any portion of such Net Cash Proceeds within three hundred sixty four (364) days after the receipt of such Net Cash Proceeds (or, to
the extent that the Company or applicable Subsidiary enters into a binding commitment to reinvest such Net Cash Proceeds within three hundred sixty four (364) days, within one hundred eighty (180) days after the expiration of such initial
three hundred sixty four (364) day reinvestment period); provided that if such Net Cash Proceeds shall have not been so reinvested within the applicable timeframe above, such Net Cash Proceeds shall be promptly applied to prepay the Loans as
set forth in clause (iv) below. 
 (iv)        All
prepayments of the Loans contemplated by this Section 2.05(b) shall be applied to the principal repayment installments of the Term Loans in direct order of maturity. The amount remaining, if any, after the prepayment in full of all Term
Loans, in full may be retained by Loan Parties for use in the ordinary course of their business. 

(v)        Notwithstanding any of the other provisions of
clause (iii) of this Section 2.05(b), so long as no Specified Event of Default shall have occurred and be continuing, if, on any date on which a prepayment would otherwise be required to be made pursuant to
clause (iii) of this Section 2.05(b), the aggregate amount of Net Cash Proceeds required by such clause to be applied to prepay Loans on such date is less than or equal to $10,000,000, the Company may defer such
prepayment until the first date on which the aggregate amount of Net Cash Proceeds or other amounts otherwise required under clause (iii) of this Section 2.05(b) to be applied to prepay Loans exceeds $10,000,000. During such
deferral period the Company may apply all or any part of such aggregate amount to prepay Revolving Loans and may, subject to the fulfillment of the applicable conditions set forth in Article IV, reborrow such amounts (which amounts, to
the extent originally constituting Net Cash Proceeds, shall be deemed to retain their original character as Net Cash Proceeds when so reborrowed) for application as required by this Section 2.05(b). Upon the occurrence of a Specified
Event of Default during any such deferral period, the Company shall immediately prepay the Loans in the amount of all Net Cash Proceeds received by the applicable Loan Party and other amounts, as applicable, that are required to be applied to prepay
Loans under this Section 2.05(b) (without giving effect to the first and second sentences of this clause (v)) but which have not previously been so applied. 

2.06      Termination or Reduction of Commitments. (a) The Company may, upon notice
to the Administrative Agent, terminate the Global Revolving Credit Facility, the U.S. Revolving Credit Facility, the Letter of Credit Sublimit, the Global Swing Line Sublimit or the U.S. Swing Line Sublimit, or from time to time permanently reduce
the Global Revolving Credit Facility, the U.S. Revolving Credit Facility, the Letter of Credit Sublimit, the Global Swing Line Sublimit or the U.S. Swing Line Sublimit; provided that (i) any such notice shall be received by the
Administrative Agent not later than 11:00 a.m. five Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $10,000,000 or any whole multiple of $1,000,000 in excess
thereof, (iii) the Company shall not terminate or reduce (A) the U.S. Revolving Credit Facility if, after giving effect thereto and to any concurrent prepayments hereunder, the Total U.S. Revolving Credit Outstandings would exceed the U.S.
Revolving Credit Facility, (B) the Global Revolving Credit Facility if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Global Revolving Credit Outstandings would exceed the Global Revolving Credit Facility,
(C) the Letter of Credit Sublimit if, after giving effect thereto, the Outstanding Amount of L/C Obligations not fully Cash Collateralized hereunder would exceed the Letter of Credit Sublimit, (D) the U.S. Swing Line Sublimit if, after
giving effect thereto and to any concurrent prepayments hereunder, the Outstanding Amount of U.S. Swing Line Loans would exceed the 

  
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U.S. Swing Line Sublimit or (E) the Global Swing Line Sublimit if, after giving effect thereto and to any concurrent prepayments hereunder, the Outstanding Amount of Global Swing Line Loans
would exceed the Global Swing Line Sublimit, and (iv) if, after giving effect to any reduction of the applicable Revolving Facility, the Letter of Credit Sublimit, the Designated Foreign Borrower Sublimit, the U.S. Swing Line Sublimit or the
Global Swing Line Sublimit (in any case, as applicable) exceeds the amount of such Revolving Facility, such sublimit shall be automatically reduced by the amount of such excess; and provided, further, that such notice may be
conditional on the effectiveness of a replacement credit agreement (or other similar document) or the receipt of proceeds of the issuance of Indebtedness or some other identifiable event or condition and may be revoked by the Company (by written
notice to the Administrative Agent at least one (1) Business Day prior to the specified effective date) if such condition is not satisfied. The Administrative Agent will promptly notify the Lenders of any such notice of termination or reduction
of the applicable Revolving Facility or sublimit under this clause (a). The amount of any reduction of the U.S. Revolving Credit Facility shall not be applied to the Letter of Credit Sublimit unless otherwise specified by the Company.
Any reduction of the applicable Revolving Facility shall be applied to the Commitment of each applicable Revolving Lender according to its Applicable Percentage. All fees accrued until the effective date of any termination of either Revolving
Facility shall be paid on the effective date of such termination. 
 (b)        The
aggregate Term Commitments shall be automatically and permanently reduced to zero on the date of the Term Borrowing. 

2.07      Repayment of Loans.  

(a)        Term Loans. The Company shall repay to the Term Lenders the
aggregate principal amount of all Term Loans outstanding on the last day of each fiscal quarter (commencing with the fiscal quarter ending March 31, 2022) in an amount equal to $1,875,000 (which amount shall be reduced as a result of the
application of prepayments in accordance with the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02; provided that (i) the final principal repayment installment of the Term
Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date and (ii) (A) if any principal repayment installment
to be made by the Company (other than principal repayment installments on Eurodollar RateTerm SOFR Loans) shall come due on a day other than a Business Day, such
principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be, and (B) if any principal repayment installment to be made by the
Company on a Eurodollar
RateTerm SOFR Loan shall come due on a day other
than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event
such principal repayment installment shall be due on the immediately preceding Business Day. 

(b)        Revolving Loans. Each Borrower shall repay to (i) the U.S.
Revolving Credit Lenders on the Maturity Date the aggregate principal amount of all U.S. Revolving Credit Loans made to such Borrower outstanding on such date and (ii) the Global Revolving Credit Lenders on the Maturity Date the aggregate
principal amount of all Global Revolving Credit Loans made to such Borrower outstanding on such date. 

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

2.08      Interest. (a) Subject to the provisions of clause (b) below,
(i) each Eurodollar
RateTerm SOFR Loan shall bear interest on the
outstanding principal amount thereof for each Interest Period at a rate per annum equal to the Eurodollar RateTerm SOFR for such Interest Period plus the Applicable Rate;

  
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 (ii) each Base Rate Committed Loan shall bear interest on the outstanding principal amount
thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate; (iii) each Alternative Currency Daily Rate Loan shall bear interest on the outstanding principal amount thereof from the
applicable borrowing date at a rate per annum equal to the Alternative Currency Daily Rate plus the Applicable Rate; (iv) each Alternative Currency Term Rate Loan shall bear interest on the outstanding principal amount thereof for each Interest
Period at a rate per annum equal to the Alternative Currency Term Rate for such Interest Period plus the Applicable Rate; (v) each U.S. Swing Line Loan shall bear interest on the outstanding principal amount thereof from the applicable
borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate; (vi) each Global Swing Line Loan (Euro) shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per
annum equal to €STR plus the Applicable Rate; and (vii) each Global Swing Line Loan (Sterling) shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the
Alternative Currency Daily Rate plus the Applicable Rate. 
 (b)        
(i)         If any amount of principal of any Loan is not paid when due (without regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, such amount shall thereafter
bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws. 

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

(iii)         Upon the request of the Required Lenders, while any
Event of Default exists, the Borrowers shall pay interest on the principal amount of all outstanding Obligations hereunder at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable
Laws. 
 (iv)         Accrued and unpaid interest on past due
amounts (including interest on past due interest) shall be due and payable upon demand. 

(v)         Unpaid interest due by a Belgian Loan Party will be
compounded with that overdue amount only if, in accordance with article 1154 of the Belgian Civil Code that interest is due for a period of at least one year, but will remain immediately due and payable. 

(c)         Interest on each Loan shall be due and payable in arrears on each Interest
Payment Date applicable thereto and at such other times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding
under any Debtor Relief Law. 
 (d)         For the purposes of the Interest Act
(Canada), (i) whenever a rate of interest or fee rate hereunder is calculated on the basis of a year (the “deemed year”) that contains fewer days than the actual number of days in the calendar year of calculation, such rate of
interest or fee rate shall be expressed as a yearly rate by multiplying such rate of interest or fee rate by the actual number of days in the calendar year of calculation and dividing it by the number of days in the deemed year, (ii) the
principle of deemed reinvestment of interest shall not apply to any interest calculation hereunder and (iii) the rates of interest stipulated herein are intended to be nominal rates and not effective rates or yields. 

2.09       Fees. In addition to certain fees described in clauses
(h) and (i) of Section 2.03: 

  
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 (a)         Commitment Fee.
The Company shall pay to the Administrative Agent for the account of each (i) U.S. Revolving Credit Lender in accordance with its Applicable Percentage, a commitment fee (the “U.S. Commitment Fee”) in Dollars equal to the
Applicable Rate times the actual daily amount by which the U.S. Revolving Credit Facility exceeds the sum of (A) the Outstanding Amount of U.S. Revolving Credit Loans and (B) the Outstanding Amount of L/C Obligations; and
(ii) Global Revolving Credit Lender in accordance with its Applicable Percentage, a commitment fee (the “Global Commitment Fee”) in Dollars equal to the Applicable Rate times the actual daily amount by which the Global
Revolving Credit Facility exceeds the Outstanding Amount of Global Revolving Credit Loans. For the avoidance of doubt, the Outstanding Amount of Swing Line Loans shall not be taken into consideration in determining the Commitment Fee. The Commitment
Fee shall accrue at all times during the Availability Period, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March,
June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period. The Commitment Fee shall be calculated quarterly in arrears, and if there is any change in the
Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. 

(b)         Other Fees. (i) The Company shall pay to the Administrative
Agent for its own account, in Dollars, fees in the amounts and at the times specified in the Fee Letter. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 

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

2.10         Computations; Retroactive Adjustments. 

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

(b)         If, as a result of any restatement of or other adjustment to the financial
statements of the Company or for any other reason, the Company or the Lenders determine that (i) the Consolidated Leverage Ratio as calculated by the Company as of any applicable date was inaccurate and (ii) a proper calculation of the
Consolidated Leverage Ratio would have resulted in higher pricing for such period, each Borrower shall immediately and retroactively be obligated to pay to the Administrative Agent for the account of the applicable Lenders or the L/C Issuer, as the
case may be, promptly on demand by the Administrative Agent (or, after the occurrence of an actual or deemed entry of an order for relief with respect to any Borrower under the Bankruptcy Code of the United States, automatically and without further
action by the Administrative Agent, any Lender or the L/C Issuer), an amount equal to the excess of the amount of interest and fees that should have been paid for such period over the amount of interest and fees actually paid for such period. This
clause shall not limit the rights of the Administrative Agent, any Lender or the L/C Issuer, 

  
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 as the case may be, under Section 2.03(c)(iii), 2.03(h) or 2.08(b)
or under Article VIII. The Borrowers’ obligations under this clause shall survive for a period of 180 days following the termination of the Aggregate Commitments and the repayment of all other Obligations hereunder. 

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

(b)         In addition to the accounts and records referred to in clause (a),
each Lender and the Administrative Agent shall maintain in accordance with its usual practice accounts or records evidencing the purchases and sales by such Lender of participations in Letters of Credit and Swing Line Loans. In the event of any
conflict between the accounts and records maintained by the Administrative Agent and the accounts and records of any Lender in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest
error. 
 2.12         Payments Generally; Administrative Agent’s
Clawback. (a) General. All payments to be made by the Borrowers shall be made free and clear of and without condition or deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein,
and except with respect to principal of and interest on Loans denominated in an Alternative Currency, all payments by the Borrowers hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment
is owed, at the applicable Administrative Agent’s Office in Dollars and in Same Day Funds not later than 2:00 p.m. on the date specified herein. Except as otherwise expressly provided herein, all payments by the Borrowers hereunder with respect
to principal and interest on Loans denominated in an Alternative Currency shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the applicable Administrative Agent’s Office in
such Alternative Currency and in Same Day Funds not later than the Applicable Time specified by the Administrative Agent on the dates specified herein. Without limiting the generality of the foregoing, the Administrative Agent may require that any
payments due under this Agreement be made in the United States. If, for any reason, any Borrower is prohibited by any Law from making any required payment hereunder in an Alternative Currency, such Borrower shall make such payment in Dollars in the
Dollar Equivalent of the Alternative Currency payment amount. The Administrative Agent will promptly distribute to each Lender its Applicable Percentage (or other applicable share as provided herein) of such payment in like funds as received by wire
transfer to such Lender’s Lending Office. All payments received by the Administrative Agent (i) after 2:00 p.m., or (ii) after the Applicable Time specified by the Administrative Agent in the case of payments in an Alternative
Currency, shall in each case be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. If any payment to be made by any Borrower shall come due on a day other than a Business Day, payment
shall be made on the next following Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be. 

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

(ii)     Payments by Borrowers; Presumptions by Administrative Agent. Unless the
Administrative Agent shall have received notice from a Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders or the L/C Issuer hereunder that such Borrower will not make such payment, the
Administrative Agent may assume that such Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the L/C Issuer, as the case may be, the amount due. With respect to
any payment that the Administrative Agent makes for the account of the Lenders or the L/C Issuer hereunder as to which the Administrative Agent determines (which determination shall be conclusive absent manifest error) that any of the following
applies (such payment referred to as the “Rescindable Amount”) : (1) such Borrower has not in fact made such payment; (2) the Administrative Agent has made a payment in excess of the amount so paid by such Borrower
(whether or not then owed); or (3) the Administrative Agent has for any reason otherwise erroneously made such payment; then each of the Lenders or the L/C Issuer, as the case may be, severally agrees to repay to the Administrative Agent
forthwith on demand the Rescindable Amount so distributed to such Lender or the L/C Issuer, in immediately available funds with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of
payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 

A notice of the Administrative Agent to any Lender or the Company with respect to any amount owing under this clause
(b) shall be conclusive, absent manifest error. 
 (c)     Failure to Satisfy Conditions
Precedent. If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender to any Borrower as provided in the foregoing provisions of this Article II, and such funds are not made available to such
Borrower by the Administrative Agent because the conditions to the applicable Credit Extension set forth in Article IV are 

  
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 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. 

(d)         Obligations of Lenders Several. The obligations of the Lenders
hereunder to make Committed Loans, to fund participations in Letters of Credit and Swing Line Loans and to make payments pursuant to Section 10.04(c) are several and not joint. The failure of any Lender to make any Committed Loan, to
fund any such participation or to make any payment under Section 10.04(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the
failure of any other Lender to so make its Committed Loan, to purchase its participation or to make its payment under Section 10.04(c). 

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

2.13         Sharing of Payments by Lenders. If any Lender shall, by exercising
any right of setoff or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of the Committed Loans made by it, or the participations in L/C Obligations or in Swing Line Loans held by it resulting in such
Lender’s receiving payment of a proportion of the aggregate amount of such Committed Loans or participations and accrued interest thereon greater than its pro rata share thereof as provided herein, then the Lender receiving such greater
proportion shall (a) notify the Administrative Agent of such fact, and (b) purchase (for cash at face value) participations in the Committed Loans and subparticipations in L/C Obligations and Swing Line 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 Committed Loans and other
amounts owing them, provided that: 
 (i) if any such participations or subparticipations are
purchased and all or any portion of the payment giving rise thereto is recovered, such participations or subparticipations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and 

(ii) the provisions of this Section shall not be construed to apply to (x) any payment made by or on
behalf of a 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), (y) the application of Cash Collateral provided for in
Section 2.16 or (z) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Committed Loans or subparticipations in L/C Obligations or Swing Line Loans to any assignee or
participant, other than an assignment to the Company or any Subsidiary thereof (as to which the provisions of this Section shall apply). 

Each 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 against such Borrower rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of such Borrower in the
amount of such participation. 
 2.14         Designated Borrowers.
(a) The Company may at any time, upon not less than 15 Business Days’ notice from the Company to the Administrative Agent (or such shorter period as may be agreed by the Administrative Agent in its reasonable discretion), designate any
additional wholly-owned Subsidiary of the Company (an “Applicant Borrower”) as a Designated Borrower (including, in the case of any Foreign Subsidiary, as a Designated Foreign Borrower) to receive Loans hereunder by delivering to
the Administrative Agent (which shall promptly deliver counterparts thereof to each Lender) a duly executed notice and agreement in substantially the form of Exhibit H (a “Designated Borrower Request and  

  
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 Assumption Agreement”). The parties hereto acknowledge and agree that prior to
any Applicant Borrower becoming entitled to utilize the credit facilities provided for herein (i) the Administrative Agent and the Lenders (including, for the avoidance of doubt, the U.S. Swing Line Lender and the Global Swing Line Lender) that
are to provide Commitments and/or Loans in favor of an Applicant Borrower must each agree to such Applicant Borrower becoming a Borrower, (ii) the Administrative Agent and the Lenders (including, for the avoidance of doubt, the U.S. Swing Line
Lender and the Global Swing Line Lender) shall have received such supporting resolutions, incumbency certificates, opinions of counsel, documents of the type referred to in clauses (iii), (iv) and (v) of
Section 4.01(a) and other documents or information, in form, content and scope reasonably satisfactory to the Administrative Agent, as may be reasonably required by the Administrative Agent or the Required Lenders in their reasonable
discretion (including, for the avoidance of doubt, any “know your customer” or similar identification information reasonably requested by the Administrative Agent or any Lender in order for the Administrative Agent or such Lender to carry
out and be satisfied that it has complied with the results of all necessary “know your customer” or other similar checks under all applicable Laws, and such compliance has been confirmed), and Notes signed by such new Borrowers to the
extent any Lenders so require, and (iii) without limitation of the foregoing, any such Applicant Borrower that is a direct or indirect Foreign Subsidiary of the Company shall have complied with the requirements of Section 6.12(c) to
the extent required by the Administrative Agent in its reasonable discretion (the requirements in clauses (i) (ii) and (iii) are, collectively, the “Designated Borrower Requirements”). If the Designated
Borrower Requirements are met, the Administrative Agent shall send a notice in substantially the form of Exhibit I (a “Designated Borrower Notice”) to the Company and the Lenders specifying the effective date upon which the
Applicant Borrower shall constitute a Designated Borrower for purposes hereof, whereupon each of the Lenders agrees to permit such Designated Borrower to receive Loans hereunder, on the terms and conditions set forth herein, and each of the parties
agrees that such Designated Borrower otherwise shall be a Borrower for all purposes of this Agreement; provided that no Committed Loan Notice or Letter of Credit Application may be submitted by or on behalf of such Designated Borrower until
the date five Business Days after such effective date. 
 (b)         Except as
specifically provided herein or any other Loan Document, the Obligations of each of the Designated Borrowers shall be joint and several in nature (unless such joint and several liability (i) shall result in adverse tax consequences to any such
Designated Borrower or (ii) is not permitted by any Law applicable to such Designated Borrower, in which either such case, the liability of such Designated Borrower shall be several in nature) regardless of which such Person actually receives
Credit Extensions hereunder or the amount of such Credit Extensions received or the manner in which the Administrative Agent, the L/C Issuer or any Lender accounts for such Credit Extensions on its books and records. Each of the obligations of each
Designated Borrower with respect to Credit Extensions made to it, and each such Designated Borrower’s obligations arising as a result of the joint and several liability (if any) of such Designated Borrower hereunder, with respect to Credit
Extensions made to and other Obligations owing by the other Designated Borrowers hereunder, shall be separate and distinct obligations, but all such obligations shall be primary obligations of each such Designated Borrower. 

(c)         Each Subsidiary of the Company that is or becomes a “Designated
Borrower” pursuant to this Section 2.14 hereby irrevocably appoints the Company as its agent for all purposes relevant to this Agreement and each of the other Loan Documents, including (i) the giving and receipt of notices,
(ii) the execution and delivery of all documents, instruments and certificates contemplated herein and all modifications hereto, and (iii) the receipt of the proceeds of any Loans made by the Lenders to any such Designated Borrower
hereunder. Any acknowledgment, consent, direction, certification or other action which might otherwise be valid or effective only if given or taken by all Borrowers, or by each Borrower acting singly, shall be valid and effective if given or taken
only by the Company, whether or not any such other Borrower joins therein. Any notice, demand, consent, acknowledgement, direction, certification or other communication delivered to the Company in accordance with the terms of this Agreement shall be
deemed to have been delivered to each Designated Borrower. 

  
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 (d)         The Company may from
time to time, upon not less than 15 Business Days’ notice from the Company to the Administrative Agent (or such shorter period as may be agreed by the Administrative Agent in its reasonable discretion), terminate a Designated Borrower’s
status as such; provided that there are no outstanding Loans payable by such Designated Borrower, or other amounts payable by such Designated Borrower on account of any Loans made to it, as of the effective date of such termination. The
Administrative Agent will promptly notify the Lenders of any such termination of a Designated Borrower’s status. The Administrative Agent shall, within 15 days of receipt of a written request of the Company, take such action and execute such
documents as the Company shall reasonably request, at the sole cost and expense of the Company, to give effect to the termination, release and discharge of such former Designated Borrower’s obligations as a Designated Borrower (and the release
of all Liens on the assets of such former Designated Borrower securing the Obligations), in each case so long as no Default has occurred and is continuing. 

2.15     Increase in Commitments. 

(a)         Request for Increase. Provided there exists no Event of Default
(or, to the extent the Company has provided an LCA Election in connection therewith, no Event of Default exists on LCA Test Date), upon notice to the Administrative Agent, the Company may from time to time request (x) an increase in the U.S.
Revolving Credit Facility and/or the Global Revolving Credit Facility and/or (y) the establishment of one or more new term loan commitments (each, an “Incremental Term Commitment”) by an amount (after giving effect to all
increases under clauses (x) and (y)) not exceeding (a) $300,000,000 in the aggregate (for all such requests), plus (b) the aggregate amount of any voluntary prepayments, repurchases, redemptions or other retirements of
the Term Loans, Incremental Term Loans or Revolving Commitments (in each case, together, in the case of any Indebtedness constituting revolving indebtedness, voluntary permanent reductions of such revolving credit commitments on a dollar-for-dollar
basis) effected after the Closing Date (but excluding (A) any prepayment of such Indebtedness with the proceeds of substantially concurrent borrowings of new Loans hereunder (other than borrowings under the Revolving Facility), (B) any
reduction of such revolving commitments in connection with a substantially concurrent issuance of new revolving commitments hereunder and (C) prepayments with the proceeds of substantially concurrent incurrence of other long-term Indebtedness
(other than borrowings under the Revolving Facility)); provided that any such request for an increase shall be in a minimum amount of $25,000,000. 

(b)         Lender Elections to Increase. Each Lender shall notify the
Administrative Agent within such time period whether or not it agrees to (i) increase its applicable Revolving Commitment or (ii) provide an Incremental Term Commitment, and, if so, whether by an amount equal to, greater than, or less than
its Applicable Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to have declined any such requested increase. 

(c)         Notification by Administrative Agent; Additional Lenders. The
Administrative Agent shall notify the Company and each Lender of the Lenders’ responses to each request made hereunder. To achieve the full amount of a requested increase and subject to the approval of the Administrative Agent, and, in the case
of any increase in either Revolving Facility, the L/C Issuer and the Swing Line Lender (which approvals shall not be unreasonably withheld), the Company may also invite additional Eligible Assignees to become Lenders pursuant to a joinder agreement
in form and substance reasonably satisfactory to the Administrative Agent and its counsel. 

(d)         Effective Date and Allocations. If the Aggregate Commitments are
increased in accordance with this Section, the Administrative Agent and the Company shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase. The Administrative Agent shall
promptly notify the Company and the Lenders of the final allocation of such increase and the Increase Effective Date. 

  
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 (e)         Conditions to
Effectiveness of Increase. As a condition precedent to such increase, the Company shall deliver to the Administrative Agent (for distribution to the Lenders) a certificate of each Loan Party dated as of the Increase Effective Date signed by a
Responsible Officer of such Loan Party (i) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such increase, and (ii) in the case of the Company, certifying that, before and after giving effect
to such increase (or, if applicable, as of the LCA Test Date), (A) the representations and warranties contained in Article V and the other Loan Documents are true and correct 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 as of such earlier date, and except that for purposes of this Section 2.15, the representations and warranties
contained in Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 6.01, and (B) no Default exists. The Borrowers shall
be deemed to prepay any Committed Loans outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) and reborrow Committed Loans in the equivalent amount to the extent necessary to keep
the outstanding Committed Loans ratable with any revised Applicable Percentages arising from any nonratable increase in the Commitments under this Section. 

(f)         Terms of New Loans and Commitments. The terms and provisions of
Loans made pursuant to this Section 2.15 shall be as follows: 

(i)         terms and provisions of incremental Term Loans made
pursuant to the Incremental Term Commitment (the “Incremental Term Loans”) shall be, except as otherwise set forth herein or in the applicable joinder, identical to the Term Loans (it being understood that Incremental Term Loans may
be a part of the Term Loans) and to the extent that the terms and provisions of Incremental Term Loans are not identical to the Term Loans (except to the extent permitted by clause (iii), (iv) or (v) below) they shall be
(i) reasonably satisfactory to the Administrative Agent or (ii) to the extent any new financial or other covenant is added, or modified to be more restrictive, for the benefit of Incremental Term Loans, such covenant or more restrictive
provision shall be permitted and automatically added to this Agreement for the benefit of any existing Term Loans and the Revolving Facility; provided that in any event the Incremental Term Loans must comply with clauses (iii), (iv) and
(v) below; 
 (ii)         the terms and provisions of
Revolving Loans made pursuant to new Commitments under this Section shall be identical to the applicable Revolving Loans (whether Global Revolving Credit Loans or U.S. Revolving Credit Loans); 

(iii)         the weighted average life to maturity of any Incremental
Term Loans shall be no shorter than the remaining weighted average life to maturity of the then existing Term Loans; 

(iv)         the maturity date of Incremental Term Loans shall not be
earlier than the Maturity Date for Term Loans; 
 (v)         the
Applicable Rate for Incremental Term Loans shall be determined by the Company and the Lenders of the Incremental Term Loans; provided that, in the event that (A) such Incremental Term Loans are incurred prior to the first anniversary of
the Closing Date and (B) the Applicable Rate for any Incremental Term Loan is greater than the Applicable Rate for the Term Loans by more than fifty (50) basis points, then the Applicable Rate for the Term Loans shall be increased to the
extent necessary so that the Applicable Rate for the Incremental Term Loans is equal to the Applicable Rate for the Term Loans plus fifty (50) basis points, and the Applicable Rate for Revolving Loans (at each point in the table set forth in
the definition of “Applicable Rate,” to the extent applicable) shall be increased by the same number of basis points as the Applicable Rate for the Term Loan is increased; provided further that, in determining the Applicable Rate
applicable to the Term Loans and the Incremental Term Loans, (x) original issue discount (“OID”) 

  
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 or upfront fees (which shall be deemed to constitute like amounts of OID)
payable by the applicable Borrowers to the Lenders of the Term Loans or the Incremental Term Loans in the primary syndication thereof shall be included (with OID being equated to interest based on an assumed four-year life to maturity),
(y) customary arrangement or commitment fees payable to the Arranger (or its respective affiliates) in connection with the Term Loans or to one or more arrangers (or their affiliates) of the Incremental Term Loans shall be excluded; and
(z) if the Eurodollar
RateTerm SOFR or Base Rate “floor” for
the Incremental Term Loans is greater than the Eurodollar
RateTerm SOFR or Base Rate “floor,”
respectively, for the existing Term Loans, the difference between such floor for the Incremental Term Loans and the existing Term Loans shall be equated to an increase in the Applicable Rate for purposes of this clause (v). 

(g)         Making of Incremental Term Loans. On any Increase Effective Date on
which new Commitments for Term Loans are effective, subject to the satisfaction of the foregoing terms and conditions, each Lender of such new Commitment shall make a Term Loan to the Company in an amount equal to its new Commitment. 

(h)         Conflicting Provisions. This Section shall supersede any provisions
in Section 2.13 or 10.01 to the contrary. In addition, unless otherwise specifically provided herein, all references in Loan Documents to Revolving Loans or Term Loans shall be deemed, unless the context otherwise requires, to
include references to Revolving Loans and Term Loans made pursuant to this Section. 

2.16         Cash Collateral. 

(a)         Certain Credit Support Events. If (i) the L/C Issuer has
honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, (ii) as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, (iii) the
Company shall be required to provide Cash Collateral pursuant to Section 8.02(c), or (iv) there shall exist a Defaulting Lender, the Company shall immediately (in the case of clause (iii) above) or within one Business
Day (in all other cases) following any request by the Administrative Agent or the L/C Issuer, provide Cash Collateral in an amount not less than the applicable Minimum Collateral Amount (determined in the case of Cash Collateral provided pursuant to
clause (iv) above, after giving effect to Section 2.17(a)(iv) and any Cash Collateral provided by the Defaulting Lender). 

(b)         Grant of Security Interest. The Company, and to the extent provided
by any Defaulting Lender, such Defaulting Lender, hereby grants to (and subjects to the control of) the Administrative Agent, for the benefit of the Administrative Agent, the L/C Issuer and the Lenders, and agrees to maintain, a first priority
security interest in all such cash, 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 2.16(c). If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent or the L/C Issuer as herein provided,
or that the total amount of such Cash Collateral is less than the Minimum Collateral Amount, the Company will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount
sufficient to eliminate such deficiency. All Cash Collateral (other than credit support not constituting funds subject to deposit) shall be maintained in blocked, non-interest bearing deposit accounts at Bank of America. The Company shall pay on
demand therefor from time to time all customary account opening, activity and other administrative fees and charges in connection with the maintenance and disbursement of Cash Collateral. 

(c)         Application. Notwithstanding anything to the contrary contained in
this Agreement, Cash Collateral provided under any of this Section 2.16 or Sections 2.03, 2.04, 2.05, 2.17 or 8.02 in respect of Letters of Credit shall be held and applied to the satisfaction of the
specific L/C Obligations, obligations to 

  
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 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 other obligations shall be released promptly following (i) the elimination of the applicable Fronting Exposure or other obligations giving rise thereto (including by the termination of
Defaulting Lender status of the applicable Lender (or, as appropriate, its assignee following compliance with Section 10.06(b)(vi))) or (ii) the determination by the Administrative Agent and the L/C Issuer that there exists excess
Cash Collateral; provided that (A) 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 (B) the Person providing Cash Collateral and the L/C Issuer may agree that Cash Collateral shall not be released but instead held to support future anticipated Fronting Exposure or other
obligations. 
 2.17     Defaulting Lenders. (a) Adjustments.
Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law: 

(i)         Waivers and Amendments. Such Defaulting
Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in the definition of “Required Lenders” and Section 10.01. 

(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 VIII or otherwise) or received by the Administrative
Agent from a Defaulting Lender pursuant to Section 10.08 shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to
the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to the L/C Issuer or the Swing Line Lenders hereunder; third, to Cash Collateralize the L/C Issuer’s
Fronting Exposure with respect to such Defaulting Lender in accordance with Section 2.16; fourth, as the Company may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which such
Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Company, to be held in a deposit account and
released pro rata in order to (x) satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement and (y) Cash Collateralize the L/C Issuer’s future Fronting Exposure with respect
to such Defaulting Lender with respect to future Letters of Credit issued under this Agreement, in accordance with Section 2.16; sixth, to the payment of any amounts owing to the Lenders, the L/C Issuer or the Swing Line Lenders
as a result of any judgment of a court of competent jurisdiction obtained by any Lender, the L/C Issuer or any Swing Line Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this
Agreement; seventh, so long as no Default or Event of Default exists, to the payment of any amounts owing to the Company as a result of any judgment of a court of competent jurisdiction obtained by the Company against such Defaulting Lender
as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is
a payment of the principal amount of any Loans or L/C Borrowings in respect of which such Defaulting Lender has not fully funded its appropriate share, and (y) such Loans were made or the related Letters of Credit were issued at a time when the
conditions set forth in Section 4.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and L/C Obligations 

  
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 owed to, all Non-Defaulting Lenders on a pro rata basis prior to being
applied to the payment of any Loans of, or L/C Obligations owed to, such Defaulting Lender until such time as all Loans and funded and unfunded participations in L/C Obligations and Swing Line Loans are held by the Lenders pro rata in accordance
with the Commitments hereunder without giving effect to Section 2.17(a)(iv). Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to
post Cash Collateral pursuant to this Section 2.17(a)(ii) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 

(iii)     Certain Fees. 

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

(B) Each Defaulting Lender shall be entitled to receive Letter of Credit Fees for any period during which
that Lender is a Defaulting Lender only to the extent allocable to its Applicable Percentage of the stated amount of Letters of Credit for which it has provided Cash Collateral pursuant to Section 2.16. 

(C) With respect to any fee payable under Section 2.09(a) or any Letter of Credit Fee not
required to be paid to any Defaulting Lender pursuant to clause (A) or (B) above, the Company shall (or shall cause the applicable Designated Borrower to) (x) pay to each Non-Defaulting Lender that portion of any such
fee otherwise payable to such Defaulting Lender with respect to such Defaulting Lender’s participation in L/C Obligations or Swing Line Loans that has been reallocated to such Non-Defaulting Lender pursuant to clause (iv) below,
(y) pay to the L/C Issuer and Swing Line Lender, as applicable, the amount of any such fee otherwise payable to such Defaulting Lender to the extent allocable to such L/C Issuer’s or Swing Line Lender’s Fronting Exposure to such
Defaulting Lender, and (z) not be required to pay the remaining amount of any such fee. 
 (iv)
Reallocation of Applicable Percentages to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Obligations and Swing Line Loans shall be reallocated among the Non-Defaulting Lenders in accordance
with their respective Applicable Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that (x) the conditions set forth in Section 4.02 are satisfied at the time of such
reallocation (and, unless the Company shall have otherwise notified the Administrative Agent at such time, the applicable Borrowers 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. Subject to Section 10.23, no reallocation hereunder shall constitute a waiver or
release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure
following such reallocation. 
 (v) Cash Collateral, Repayment of Swing Line Loans. If the
reallocation described in clause (a)(iv) above cannot, or can only partially, be effected, the Company shall, without prejudice to any right or remedy available to it hereunder or under applicable Law, (x) first, prepay Swing Line Loans
in an amount equal to the Swing Line Lenders’ Fronting Exposure and (y) second, Cash Collateralize the L/C Issuers’ Fronting Exposure in accordance with the procedures set forth in Section 2.16. 

  
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 (b)     Defaulting Lender Cure. If the Company,
the Administrative Agent, Swing Line Lender and the L/C Issuer agree in writing in their sole discretion that a Defaulting Lender should no longer be deemed to be a Defaulting Lender, the Administrative Agent will so notify the parties hereto,
whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase 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 Committed Loans and funded and unfunded participations in Letters of Credit and Swing Line Loans to be held on a
pro rata basis by the Lenders in accordance with their Applicable Percentages (without giving effect to Section 2.17(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 Company while such Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties,
no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. 

2.18     Designated Lenders. Each of the Administrative Agent, the L/C Issuer and each Lender at
its option may make any Credit Extension or otherwise perform its obligations hereunder through any Lending Office (each, a “Designated Lender”); provided that any exercise of such option shall not affect the obligation of
such Borrower to repay any Credit Extension in accordance with the terms of this Agreement. Any Designated Lender shall be considered a Lender; provided that in the case of an Affiliate or branch of a Lender, all provisions applicable to a
Lender shall apply to such Affiliate or branch of such Lender to the same extent as such Lender; provided that for the purposes only of voting in connection with any Loan Document, any participation by any Designated Lender in any outstanding
Credit Extension shall be deemed a participation of such Lender. 
 2.19     Sustainability
Adjustments. 
 (a)     ESG Amendment. After the Closing Date, Company, in consultation with
the Sustainability Coordinator, shall be entitled to establish two (2) key performance indicators (individually, a “KPI” and collectively, the “KPIs”) with respect to certain environmental, social and
governance (“ESG”) targets of the Company and its Subsidiaries. The Sustainability Coordinator and Company may amend this Agreement (such amendment, an “ESG Amendment”) solely for the purpose of incorporating the
KPIs and the other related provisions (the “ESG Pricing Provisions”) into this Agreement, and any such amendment shall become effective at 5:00 p.m., New York City time, on the tenth (10th) Business Day after the Administrative
Agent shall have posted such proposed ESG Amendment to all Lenders and the Company unless, prior to such time, Lenders comprising the Required Lenders have delivered to the Administrative Agent (who shall promptly notify the Company) written notice
that such Required Lenders object to such ESG Amendment. In the event that the Required Lenders deliver a written notice objecting to any such ESG Amendment, an alternative ESG Amendment may be effectuated with the consent of the Required Lenders,
Company and the Sustainability Coordinator. Upon the effectiveness of any such ESG Amendment, based on the Company’s performance against the KPIs, certain adjustments (increase, decrease or no adjustment) to the otherwise applicable Commitment
Fee, Applicable Rate for Base Rate Loans, Global Swing Line Loans, Eurodollar RateTerm SOFR Loans, Alternative Currency Loans, and Letter of Credit Fees
will be made as follows: 
 (A)     if both KPIs have been established and are
met (x) the applicable Commitment Fee shall decrease by 0.01% and (y) the Applicable Rate for all Loans and Letter of Credit Fees shall decrease by 0.05%; 

(B)     if one KPI has been established and is met (x) the applicable Commitment Fee
shall decrease by 0.005% and (y) the Applicable Rate for all Loans and Letter of Credit Fees shall decrease by 0.025%; 

  
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 (C)        if one
KPI has been established and is not met (x) the applicable Commitment Fee shall increase by 0.005% and (y) the Applicable Rate for all Loans and Letter of Credit Fees shall increase by 0.025%; 

(D)        if both KPIs have been established and neither KPI is met
(x) the applicable Commitment Fee shall increase by 0.01% and (y) the Applicable Rate for all Loans and Letter of Credit Fees shall increase by 0.05%; and 

(E)        if both KPIs have been established and only one KPI is
met, no adjustments to the Commitment Fee or the Applicable Rate shall be made. 
 Notwithstanding the foregoing, in no event shall the
Commitment Fee or the Applicable Rate for any Loan or Letter of Credit Fee be less than zero. The pricing adjustments pursuant to the KPIs will require, among other things, reporting and validation of the measurement of the KPIs in a manner that is
aligned with the Sustainability Linked Loan Principles and is to be agreed between Company and the Sustainability Coordinator (each acting reasonably). 

Following the effectiveness of an ESG Amendment, any modification to the ESG Pricing Provisions shall be subject only to the consent of the
Required Lenders so long as such modification does not have the effect of adjusting the Applicable Rate for Loans, Letter of Credit Fees, or the Commitment Fee to a level not otherwise permitted by this Section 2.19(a). 

(b)        Sustainability Coordinator. The Sustainability Coordinator will
(i) assist Company in determining the ESG Pricing Provisions in connection with the ESG Amendment and (ii) assist Company in preparing informational materials focused on ESG to be used in connection with the ESG Amendment. 

(c)        Conflicting Provisions. This Section shall supersede any provisions
in Section 10.01 to the contrary. 
 ARTICLE III. 

TAXES, YIELD PROTECTION AND ILLEGALITY 

3.01      Taxes. 

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

(ii)        If any Loan Party or the Administrative Agent shall be
required by the Code or regulations thereunder to withhold or deduct any Taxes, including both United States Federal backup withholding and withholding taxes, from any payment and such Loan Party’s requirement to withhold or deduct such Taxes
can be satisfied by the Administrative Agent making such withholding or deduction (as determined in good faith discretion of the Administrative Agent), then (A) the Loan Party or the Administrative Agent shall withhold or make such deductions,
as are determined by the Loan Party or the Administrative Agent to be required taking into account the information and documentation it has received pursuant to clause (e) of this Section, if any, (B) the Loan Party or the
Administrative Agent shall timely pay the full amount withheld or deducted to 

  
 78 

 
the relevant Governmental Authority in accordance with the Code, and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes, the sum payable by such Loan
Party shall be increased as necessary so that after any required withholding or the making of all required deductions (including deductions applicable to additional sums payable under this Section 3.01) the applicable Recipient receives
an amount equal to the sum it would have received had no such withholding or deduction been made. 

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

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

(c)        Tax Indemnifications. (i) Each of the Loan Parties shall, and
does hereby, indemnify each Recipient, and shall make payment in respect thereof within 10 days after demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts
payable under this Section 3.01) payable or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient, and any reasonable expenses arising therefrom or with respect thereto, whether or not such
Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Company by a Lender or the L/C Issuer (with a copy to the
Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender or the L/C Issuer, shall be conclusive absent manifest error. 

(ii)        Each Lender and the L/C Issuer shall, and does hereby,
severally indemnify, and shall make payment in respect thereof within 10 days after demand therefor, (x) the Administrative Agent against any Indemnified Taxes attributable to such Lender or the L/C Issuer (but only to the extent that any
Borrower has not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Borrowers to do so), (y) the Administrative Agent and the Borrowers, as applicable, against any Taxes
attributable to such Lender’s failure to comply with the provisions of Section 10.06(d) relating to the maintenance of a Participant Register and (z) the Administrative Agent and the Borrowers, as applicable, against any
Excluded Taxes attributable to such Lender or the L/C Issuer, in each case, that are payable or paid by the Administrative Agent or a Borrower in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect
thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be
conclusive absent manifest error. Each Lender and the L/C Issuer hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender or the L/C Issuer, as the case may be, under this Agreement or any
other Loan Document or 

  
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otherwise payable by the Administrative Agent or a Borrower to the Lender from any other source against any amount due to the Administrative Agent under this Section 3.01(c)(ii). 

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

(e)        Status of Lenders; Tax Documentation. 

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

(ii)        Without limiting the generality of the foregoing, in the
event that a Borrower is a U.S. Person, 
 (A)        any Lender
that is a U.S. Person shall deliver to the Company and the Administrative Agent on or prior to the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Company on behalf
of such Borrower or the Administrative Agent), executed originals of IRS Form W-9 certifying that such Lender is exempt from U.S. federal backup withholding tax; 

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

(I)        in the case of a Foreign Lender claiming the benefits of
an income tax treaty to which the United States is a party (x) with respect to payments of interest under any Loan Document, executed originals of IRS Form W-8BEN or IRS Form W-8BEN-E, as may be applicable, in each case establishing an
exemption from, or reduction 

  
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of, U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty and (y) with respect to any other applicable payments under any Loan Document, IRS Form
W-8BEN or IRS Form W-8BEN-E, as may be applicable, in each case establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty; 

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

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

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

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

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

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

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

(g)        Survival. Each party’s obligations under this
Section 3.01 shall survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender of the L/C Issuer, the termination of the Commitments and the repayment, satisfaction
or discharge of all other Obligations. 
 (h)        For purposes of this
Section 3.01, the term “Lender” includes any L/C Issuer and the term “Applicable Law” includes FATCA. 

3.02      Illegality.  

(a)        If any Lender determines that any Law has made it unlawful, or that any
Governmental Authority has asserted that it is unlawful, for any Lender or its applicable Lending Office to make, maintain or fund or charge interest with respect to any Credit Extension, or to determine or charge interest rates based upon a
Relevant Rate, or any Governmental Authority has imposed material restrictions on the authority of such Lender to determine or charge interest rates based upon a Relevant Rate purchase or sell, or to take deposits of, Dollars or any Alternative
Currency in the applicable interbank market, then, upon notice thereof by such Lender to the Company (through the Administrative Agent), (i) any obligation of such Lender to make or continue Eurodollar RateTerm
SOFR Loans or make or maintain Alternative Currency Loans in the affected currency or currencies, to convert Base Rate Loans to Eurodollar RateTerm
SOFR 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
RateTerm SOFR component of the Base Rate, the
interest rate on which Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the
Eurodollar
RateTerm SOFR component of the Base Rate, in each
case until such Lender notifies the Administrative Agent and the Company that the circumstances giving rise to such determination no longer exist. Upon 

  
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receipt of such notice, (A) the Company shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay all Eurodollar RateTerm
SOFR Loans or Alternative Currency Loans, as applicable in the affected currency or currencies or, if applicable, convert all Eurodollar RateTerm
SOFR Loans of such Lender to Base Rate Loans (the interest rate on which Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent
without reference to the Eurodollar
RateTerm SOFR component of the Base Rate), in each
case, immediately, or, in the case of Alternative Currency Term Rate Loans, on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Alternative Currency Term Rate Loans to such day, or immediately, if
such Lender may not lawfully continue to maintain such Alternative Currency Term Rate Loans and (B) if such notice asserts the illegality of such Lender determining or charging interest rates based upon the Eurodollar RateTerm
SOFR, the Administrative Agent shall during the period of such suspension compute the Base Rate applicable to such Lender without reference to the Eurodollar RateTerm
SOFR component thereof until the Administrative Agent is advised in writing by such Lender that it is no longer illegal for such Lender to determine or charge interest rates based upon Eurodollar RateTerm
SOFR. Upon any such prepayment or conversion, the Company shall also pay accrued interest on the amount so prepaid or converted, together with any additional amounts required pursuant to
Section 3.05. 
 (b)        If, in any applicable jurisdiction,
the Administrative Agent, the L/C Issuer or any Lender or any Designated Lender determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for the Administrative Agent, the L/C Issuer or any
Lender or its applicable Designated Lender to (i) perform any of its obligations hereunder or under any other Loan Document, (ii) to fund, hold a commitment or maintain its participation in any Loan or Letter of Credit or (iii) issue,
make, maintain, fund or charge interest or fees with respect to any Credit Extension to any Designated Borrower who is organized under the laws of a jurisdiction other than the United States, a State thereof or the District of Columbia such Person
shall promptly notify the Administrative Agent, then, upon the Administrative Agent notifying the Company, and until such notice by such Person is revoked, any obligation of such Person to issue, make, maintain, fund or charge interest or fees with
respect to any such Credit Extension shall be suspended, and to the extent required by applicable Law, cancelled. Upon receipt of such notice, the Loan Parties shall, (A) repay that Person’s participation in the Loans or other applicable
Obligations on the last day of the Interest Period for each Loan or other Obligation occurring after the Administrative Agent has notified the Company or, if earlier, the date specified by such Person in the notice delivered to the Administrative
Agent (being no earlier than the last day of any applicable grace period permitted by applicable Law), (B) to the extent applicable to the L/C Issuer, Cash Collateralize that portion of applicable L/C Obligations comprised of the aggregate
undrawn amount of Letters of Credit to the extent not otherwise Cash Collateralized and (C) take all reasonable actions requested by such Person to mitigate or avoid such illegality. 

3.03        Inability to Determine Rates.  

(a)        Inability to Determine Alternative Currency Loans. For purposes of Alternative Currency Loans only:  

(i) SOFR. If in connection with any request for a Term SOFR Loan or an Alternative Currency Loan or a conversion of Base Rate Loans to a Term SOFR Loan or an Alternative Currency Loan or a continuation of any of such Loans, as applicable, (i) the Administrative Agent determines (which determination shall be conclusive absent manifest error) that (A) no
Successor Rate for the Relevant Rate for the applicable Agreed Currency has been determined in accordance with Section 3.03(ab)(ii or
Section 3.03(c) and the circumstances under clause (ai) of Section 3.03(a)(iib) or of Section 3.03(c) or the Scheduled Unavailability Date, or the SOFR Scheduled Unavailability
Date, has occurred with respect to such Relevant Rate (as applicable), or (B) adequate and reasonable means do not otherwise exist for determining the Relevant Rate for the applicable Agreed
Currency for any determination date(s) or requested Interest Period, as applicable, with respect to a proposed
Term SOFR Loan or an Alternative Currency Loan or in 

  
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connection with an existing or proposed Base Rate Loan, or (ii) the Administrative Agent or the Required Lenders determine that for any reason that the Relevant Rate with respect to a proposed Loan denominated in an Agreed Currency for any requested
Interest Period or determination date(s) does not adequately and fairly reflect the cost to such Lenders of funding such Loan, the Administrative Agent will promptly so notify the Company and each Lender. 

Thereafter, the obligation of the Lenders
to make(x) the obligation of the Lenders to make or maintain Term SOFR Loans or Loans in the affected currencies, as applicable, or to convert Base Rate Loans to Term SOFR
Loans or maintain Loans in the affected
currencies, as applicable, shall be suspended in each case
to the extent of the affected Term SOFR Loans, Alternative
Currency Loans or Interest Period or determination date(s), as applicable, and (y) in the event of a
determination described in the preceding sentence with respect to the Term SOFR component of the Base Rate, the utilization of the Term
SOFR component in determining the Base Rate shall be suspended, in each case until the Administrative Agent
(or, in the case of a determination by the Required Lenders described in clause (ii) of this
Section 
3.03(a),
 until the Administrative Agent upon instruction of the Required Lenders) revokes such notice. 

Upon receipt of such notice, (i) the Company may revoke any pending request for a Borrowing of,
or conversion to Term SOFR Loans, or Borrowing of, or
continuation of Alternative Currency Loans to the extent of the affected Alternative Currency Loans or Interest Period or determination date(s), as applicable or, failing that, will be deemed to have converted such request into a request for a
Borrowing of Base Rate Loans denominated in Dollars in the Dollar Equivalent of the amount of such Borrowing request and
(ii)(A) any outstanding Term SOFR Loans shall be deemed to have been converted to Base Rate Loans immediately
and (B) any outstanding affected Alternative Currency Loans, at the Company’s election, shall either (1) be converted into a Borrowing of Base Rate Loans denominated in Dollars in
the Dollar Equivalent of the amount of such outstanding Alternative Currency Loan immediately, in the case of an Alternative Currency Daily Rate Loan or at the end of the applicable Interest Period, in the case of an Alternative Currency Term Rate
Loan or (2) be prepaid in full immediately, in the case of an Alternative Currency Daily Rate Loan, or at the end of the applicable Interest Period, in the case of an Alternative Currency Term Rate Loan; provided that if no election is
made by the Company (x) in the case of an Alternative Currency Daily Rate Loan, by the date that is three Business Days after receipt by the Company of such notice or (y) in the case of an Alternative Currency Term Rate Loan, by the last
day of the current Interest Period for the applicable Alternative Currency Term Rate Loan, the Company shall be deemed to have elected clause (1) above. 

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

(i)
        adequate
and reasonable means do not exist for ascertaining Term SOFR because the Term SOFR Screen Rate is not
available or published on a current basis and such circumstances are unlikely to be temporary; or 

(ii)
        the CME or
any successor administrator of the Term SOFR Screen Rate or a Governmental Authority having jurisdiction over the Administrative Agent or such administrator with respect to its publication of Term SOFR, in each case acting in such capacity, has made
a public statement identifying a specific date after which one month interest period of Term SOFR or the Term SOFR Screen Rate shall or will no longer be made available, or permitted to be used for determining the interest rate of U.S. dollar
denominated syndicated loans, or shall or will otherwise cease, provided that, at the time of such
statement, there is no successor administrator that is satisfactory to the Administrative Agent, that will
continue to provide such interest period  

  
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of Term SOFR after such specific date (the latest date on which
one month interest periods of Term SOFR or the Term SOFR Screen Rate are no longer available permanently or indefinitely, the “SOFR Scheduled Unavailability Date”); 

then,
 on a date and time determined by the Administrative Agent (any such date, the “Term SOFR Replacement Date”), which date shall be at the end of an Interest Period or on the relevant interest payment date, as applicable, for interest
calculated and, solely with respect to clause (ii) above, no later than the SOFR Scheduled Unavailability Date, Term SOFR will be replaced hereunder and under any Loan Document with Daily Simple SOFR plus the SOFR Adjustment for any payment
period for interest calculated that can be determined by the Administrative Agent, in each case,
without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan
Document. 

If
 the Successor Rate is Daily Simple SOFR plus the SOFR Adjustment, all interest payments will be payable on a monthly basis.  

Notwithstanding
 anything to the contrary herein, (i) if the Administrative Agent determines that Daily Simple SOFR is not available on or prior to the Term SOFR Replacement Date, or (ii) if the events or circumstances of the type described in
Section 3.03(b)(i) or (ii) have occurred with respect to the SOFR Successor Rate then in effect, then in each case, the Administrative Agent and the Company may amend this Agreement solely for the purpose of replacing Term SOFR or any then
current Successor Rate in accordance with this Section 3.03 at the end of any Interest Period, relevant interest payment date or payment period for interest calculated, as applicable, with an alternative benchmark rate giving due consideration
to any evolving or then existing convention for similar U.S. dollar denominated credit facilities syndicated and agented in the United States for such alternative benchmark, and, in each case, including any mathematical or other adjustments to such
benchmark giving due consideration to any evolving or then existing convention for similar U.S. dollar denominated credit facilities syndicated and agented in the United States for such benchmark (and any such proposed rate, including for the
avoidance of doubt, any adjustment thereto, a “SOFR Successor Rate”). Any such amendment shall become effective at 5:00 p.m. on the fifth Business Day after the Administrative Agent shall have posted such proposed amendment to all Lenders
and the Borrower unless, prior to such time, Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders object to such amendment.

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

(i)
         (a) adequate and reasonable means do not exist for ascertaining the Relevant Rate
(other than Term SOFR) for an Agreed Currency (other than Dollars) because none of the tenors of such Relevant Rate
(including any forward-looking term rate
thereof)other than Term SOFR) under this Agreement
is available or published on a current basis and such circumstances are unlikely to be temporary; or 

(ii)
        (b) the Applicable Authority has made a public statement identifying a specific date after which all tenors of the Relevant Rate
(other than Term SOFR) for an Agreed Currency (including any forward-looking term rate
thereof)other than Dollars) under this Agreement
shall or will no longer be representative or made available, or permitted to be used for determining the interest rate of syndicated loans denominated in such Agreed Currency (other than Dollars), or shall or will otherwise cease, provided that, in each case, at the time of such statement, there is no successor administrator that is satisfactory to the Administrative Agent that will continue to provide

  
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such representative tenor(s) of the Relevant Rate (other than
Term SOFR) for such Agreed Currency (other than
Dollars) (the latest date on which all tenors of the Relevant Rate for such Agreed Currency (including any
forward-looking term rate thereof)other than Dollars) under this Agreement are no longer representative or available permanently or indefinitely, the
“Scheduled Unavailability Date”); or 
  

	 	(c)	 syndicated loans currently being executed and agented in the U.S., are being
executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace the Relevant Rate for an Agreed Currency: 

or if the events or circumstances of the type described in Section 3.03(ac)(ii)(a),
(bi) or (cii) have occurred with respect to the Non-SOFR Successor Rate for an Agreed Currency (other than Dollars) then in effect, then, the Administrative Agent and the Company may amend this Agreement solely for the purpose of replacing the Relevant Rate for an Agreed Currency or any then current Successor Rate for an Agreed
Currency in accordance with this Section 3.03(a) with an alternative benchmark rate giving
due consideration to any evolving or then existing convention for similar credit facilities syndicated and agented in the U.S. and denominated in such Agreed Currency for such alternative benchmarks, and, in each case, including any mathematical or
other adjustments to such benchmark giving due consideration to any evolving or then existing convention for similar credit facilities syndicated and agented in the U.S. and denominated in such Agreed Currency for such benchmarks, which adjustment or method for calculating such adjustment shall be published on an information service as selected by the Administrative Agent from time to
time in its reasonable discretion and may be
periodically updated (and any such proposed rate, including for the avoidance of doubt, any adjustment thereto, a “Non-SOFR Successor Rate”, and collectively with the SOFR Successor Rate, each a “Successor Rate”), and any such amendment shall become effective at 5:00 p.m. on the fifth Business Day after the Administrative Agent shall have posted such proposed amendment to all Lenders and the
Company unless, prior to such time, Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders object to such amendment. 

(d)
    Successor Rate. The Administrative Agent will promptly (in one or more notices) notify the Company and each Lender of the implementation of any Successor Rate. 

Any Successor Rate shall be applied in a manner consistent with market practice; provided that to the extent such market practice is not administratively
feasible for the Administrative Agent, such Successor Rate shall be applied in a manner as otherwise reasonably determined by the Administrative
Agent in consultation with the Company. 

Notwithstanding anything else herein, if at any time any Successor Rate as so determined would otherwise be less than 0.0%,
the Successor Rate will be deemed to be 0.0% for the purposes of this Agreement and the other Loan Documents. 
 In
connection with the implementation of a Successor Rate, the Administrative Agent will have the right to make Alternative Currency Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Alternative Currency Conforming Changes will become effective without any further action or consent of any other
party to this Agreement; provided that, with respect to any such amendment effected, the Administrative Agent shall post each such amendment implementing such
Alternative Currency Conforming Changes to the Company and the Lenders reasonably promptly after such
amendment becomes effective. 

  
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 (b)        Inability to Determine Eurodollar Rate Loans. For purposes of Eurodollar Rate Loans only: 
 (i)        If in connection with any request for a Eurodollar Rate Loan or a conversion to or continuation thereof, (i) the
Administrative Agent determines that (A) deposits are not being offered to banks in the applicable offshore interbank market for such currency for the applicable amount and Interest Period of such Eurodollar Rate Loan, or
(B) (1) adequate and reasonable means do not exist for determining the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan or in connection with an existing or proposed Base Rate
Loan and (2) the circumstances described in Section 3.03(b)(iii)(a) do not apply (in each case with respect to this clause (i), “Impacted Loans”), or (ii) the Administrative Agent or the Required Lenders determine
that for any reason 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 Loan, the Administrative Agent will promptly so
notify the Company 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 Loan Interest Periods), and (y) in the event of a determination described in the preceding sentence with respect to the Eurodollar Rate component of the Base Rate, the utilization of the
Eurodollar Rate component in determining the Base
Rate shall be suspended, in each case until the Administrative Agent (or, in the case of a determination by the Required Lenders described in clause (ii) of this Section 3.03(b)(i), until the Administrative Agent upon instruction of the Required
Lenders) revokes such notice. Upon receipt of such notice, the Company 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 Committed Borrowing of Base Rate Loans in the amount specified therein. 
 (ii)        Notwithstanding the foregoing, if the Administrative Agent has made the determination described in clause (i)(i) of this
Section 3.03(b), the Administrative Agent in consultation with the Company, 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
(i) the Administrative Agent revokes the notice delivered with respect to the Impacted Loans under clause (i)(i) of this Section 3.03(b), (ii) the Administrative Agent or the Required Lenders notify the Administrative Agent and the
Company that such alternative interest rate does not adequately and fairly reflect the cost to such Lenders of funding the Impacted Loans, or (iii) 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 Company written notice thereof. 
 (iii)        Notwithstanding anything to the contrary herein or in any other Loan Document: 
  

	 	(a)	 On March 5, 2021 the Financial Conduct Authority
(“FCA”), the regulatory supervisor of LIBOR’s administrator (“IBA”), announced in a public statement the future cessation or loss of representativeness of overnight/Spot Next, 1-week, 1-month, 2-month, 3-month,
6-month and 

  
 87 

	 	 
12- month U.S. dollar LIBOR tenor settings. On the earliest of (A) the date that all Available Tenors of U.S.
dollar LIBOR have permanently or indefinitely ceased to be provided by IBA or have been announced by the FCA pursuant to public statement or publication of information to be no longer representative, (B) June 30, 2023 and (C) the
Early Opt-in Effective Date in respect of a SOFR Early Opt-in, if the then-current Benchmark is LIBOR, the Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of any setting of such
Benchmark on such day and all subsequent settings without any amendment to, or further action or consent of any other party to this Agreement or any other Loan Document. 

 

	 	(b)	 (x) Upon (A) the occurrence of a Benchmark Transition Event
or (B) a determination by the Administrative Agent that the alternative under clause (1) of the definition of Benchmark Replacement is not available, the Benchmark Replacement will replace the then-current Benchmark for all purposes
hereunder and under any Loan Document in respect of any Benchmark setting at or after 5:00 p.m. on the fifth (5th) Business Day after the date notice of such Benchmark Replacement is provided to the
Lenders without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document so long as the Administrative
Agent has not received, by such time, written notice of objection to such Benchmark Replacement from Lenders comprising the Required Lenders (and any such objection shall be conclusive and binding absent manifest error); provided that solely
in the event that the then-current Benchmark at the time of such Benchmark Transition Event is not a SOFR-based rate, the Benchmark Replacement therefor shall be determined in accordance with clause (1) of the definition of Benchmark
Replacement unless the Administrative Agent determines that such alternative rate is not available. (y) On the Early Opt-in Effective Date in respect of an Other Rate Early Opt-in, the Benchmark Replacement will replace LIBOR for all purposes
hereunder and under any Loan Document in respect of any setting of such Benchmark on such day and all subsequent settings without any amendment to, or further action or consent of any other party to this Agreement or any other Loan
Document. 

  

	 	(c)	 At any time that the administrator of the then-current Benchmark has
permanently or indefinitely ceased to provide such Benchmark or such Benchmark has been announced by the regulatory supervisor for the administrator of such Benchmark pursuant to public statement or publication of information to be no longer
representative of the underlying market and economic reality that such Benchmark is intended to measure and that representativeness will not be restored, the Company may revoke any request for a borrowing of, conversion to or continuation of Loans
to be made, converted or continued that would bear interest by reference to such Benchmark until the Company’s receipt of notice from the Administrative Agent that a Benchmark Replacement has replaced such Benchmark, and, failing that, the
Company will be deemed to have converted any such request into a request for a borrowing of or conversion to Base Rate Loans. During the period referenced in the foregoing sentence, the component of Base Rate based upon the Benchmark will not be
used in any determination of Base Rate. 

  
 88 

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

 

	 	(e)	 The Administrative Agent will promptly notify the Company and the Lenders of
(A) the implementation of any Benchmark Replacement and (B) the effectiveness of any Benchmark Replacement Conforming Changes. Any determination, decision or election that may be made by the Administrative Agent pursuant to this
Section 3.03(b)(iii), including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action, will be
conclusive and binding absent manifest error and may be made in its sole discretion and without consent from any other party hereto, except, in each case, as expressly required pursuant to this Section 3.03(b)(iii).

  

	 	(f)	 At any time (including in connection with the implementation of a Benchmark
Replacement), (A) if the then-current Benchmark is a term rate (including Term SOFR or LIBOR), then the Administrative Agent may remove any tenor of such Benchmark that is unavailable or non-representative for Benchmark (including Benchmark
Replacement) settings and (B) the Administrative Agent may reinstate any such previously removed tenor for Benchmark (including Benchmark Replacement) settings. 

Definitions.
 
 “Available Tenor” means, as of any date of determination and with respect to the then-current Benchmark, as applicable, (x) if the then-current
Benchmark is a term rate, any tenor for such Benchmark that is or may be used for determining the length of an Interest Period or (y) otherwise, any payment period for interest calculated with reference to such Benchmark, as applicable,
pursuant to this Agreement as of such date. 
 “Benchmark” means, initially, LIBOR; provided that if a replacement of the Benchmark has occurred pursuant to Section 3.03(b)(iii) then
“Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate. Any reference to “Benchmark” shall include, as applicable, the published component used
in the calculation thereof. 
 “Benchmark Replacement” means: 

 

	 	(1)	 For purposes of Section 3.03(b)(iii)(a): the sum of: (i) Term SOFR
and (ii) 0.10% (10 basis points) for an Available Tenor of one-month’s duration; and 

  

	 	(2)	 For purposes of Section 3.03(b)(iii)(b), the sum of (a) the
alternate benchmark rate and (b) an adjustment (which may be a positive or negative value or zero), in each case, that has been selected by the Administrative Agent and the Company as the replacement Benchmark giving due consideration to any
evolving or then-prevailing market convention, including any applicable 

  
 89 

	 	 
recommendations made by a Relevant Governmental Body, for U.S. dollar-denominated syndicated credit facilities at such
time; 

 provided
that, if the Benchmark Replacement as determined pursuant to clause (1), or if (1) above would be less than 0.0%, the Benchmark Replacement will be deemed to be 0.0% for the purposes of this Agreement and the other Loan
Documents. 
 Any Benchmark Replacement shall be applied in a manner consistent with market practice; provided that to the extent such market practice is not administratively
feasible for the Administrative Agent, such Benchmark Replacement shall be applied in a manner as otherwise reasonably determined by the Administrative Agent (in consultation with the
Company). 
 “Benchmark Replacement Conforming Changes” means, with respect to any Benchmark Replacement, any technical, administrative or operational changes (including
changes to the definition of “Base Rate,” the definition of “Business Day,” the definition of “Interest Period,” timing and frequency of determining rates and making payments of interest, timing of borrowing requests or
prepayment, conversion or continuation notices, the applicability and length of lookback periods, the applicability of breakage provisions, and other technical, administrative or operational matters) that the Administrative Agent decides may be
appropriate to reflect the adoption and implementation of such Benchmark Replacement and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent
decides that adoption of any portion of such market practice is not administratively feasible or if the Administrative Agent determines that no market practice for the administration of such Benchmark Replacement exists, in such other manner of
administration as the Administrative Agent decides is reasonably necessary in connection with the administration of this Agreement and the other Loan Documents), in each case in consultation with the Company. 

“Benchmark Transition
Event” means, with respect to any then-current Benchmark other than LIBOR, the occurrence of a public statement or publication of information by or on behalf of the administrator of the then-current Benchmark or a Governmental Authority
with jurisdiction over such administrator announcing or stating that all Available Tenors are or will no longer be representative, or made available, or used for determining the interest rate of loans, or shall or will otherwise cease, provided that, at the time of such
statement or publication, there is no successor
administrator that is satisfactory to the Administrative Agent, that will continue to provide any representative tenors of such Benchmark after such
specific date.  
 (e) “Early Opt-in
Effective Date” means, with respect to any Early Opt-in Election, the sixth (6th) Business Day after the date notice of such Early Opt-in Election is provided to the Lenders, so long as the Administrative Agent has not received, by
5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date notice of such Early Opt-in Election is provided to the Lenders, written notice of objection to such Early Opt-in Election from Lenders comprising the Required
Lenders.For the purposes of this Section 3.03, those Lenders that either have not made, or do not
have an obligation under this Agreement to make, the relevant Loans in the relevant Alternative Currency shall be excluded from any determination of Required Lenders. 

“Early Opt-in Election”
means the occurrence of: 
  

	 	(1)	 a determination by the Administrative Agent, or a notification by the Company
to the Administrative Agent that the Company has made a determination, that U.S. dollar-denominated syndicated credit facilities currently being executed, or that include language similar to that contained in Section 3.03(b)(iii), are being
executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace LIBOR, and  

  
 90 

	 	(2)	 the joint election by the Administrative Agent and the Company to replace
LIBOR with a Benchmark Replacement and the provision by the Administrative Agent of written notice of such election to the Lenders. 

“Other Rate Early
Opt-in” means the Administrative Agent and the Company have elected to replace LIBOR with a Benchmark Replacement other than a SOFR-based rate pursuant to (1) an Early Opt-in Election and
(2) Section 3.03(b)(iii)(b) and paragraph (2) of the definition of “Benchmark Replacement”. 

“Relevant Governmental
Body” means the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of
New York, or any successor thereto. 
 “SOFR Early Opt-in” means the Administrative Agent and the Company have elected to replace LIBOR pursuant to (1) an Early Opt-in Election
and (2) Section 3.03(b)(iii)(a) and paragraph (1) of the definition of “Benchmark Replacement”. 

“Term SOFR” means, for the
applicable corresponding tenor (or if any Available Tenor of a Benchmark does not correspond to an Available Tenor for the applicable Benchmark Replacement, the closest corresponding Available Tenor and if such Available Tenor corresponds equally to
two Available Tenors of the applicable Benchmark Replacement, the corresponding tenor of the shorter duration shall be applied), the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental
Body. 

3.04        Increased Costs. 

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

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

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

(iii)        impose on any Lender or the L/C Issuer or any applicable
interbank market any other condition, cost or expense (other than Taxes) affecting this Agreement or Eurodollar RateTerm SOFR Loans or Alternative Currency Loans made by such Lender or any
Letter of Credit or participation therein; 
 and the result of any of the foregoing shall be to increase the cost to such Lender or
such other Recipient of making, converting to, continuing or maintaining any Loan the interest on which is determined by reference to the Eurodollar
RateTerm SOFR (or of maintaining its obligation to
make any such Loan), or to increase the cost to such Lender, the L/C Issuer, or such other Recipient of participating in, issuing or maintaining any Letter of Credit (or of maintaining its obligation to participate in or to issue any Letter of
Credit), or to reduce the amount of any sum received or receivable by such Lender, the L/C Issuer, or other Recipient hereunder (whether of principal, interest or any other amount) then, upon request of such Lender, the L/C Issuer, or other
Recipient, the Company will pay (or cause the applicable Designated Borrower to pay) to such Lender, the L/C Issuer, or other Recipient, as the case may be, such additional amount or amounts as 

  
 91 

 
will compensate such Lender, the L/C Issuer, or other Recipient, as the case may be, for such additional costs incurred or reduction suffered. 

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

(c)        Certificates for Reimbursement. A certificate of a Lender or the L/C
Issuer setting forth the amount or amounts necessary to compensate such Lender or the L/C Issuer or its holding company, as the case may be, as specified in clause (a) or (b) of this Section and delivered to the Company shall
be conclusive absent manifest error. The Company shall pay (or cause the applicable Designated Borrower to pay) such Lender or the L/C Issuer, as the case may be, the amount shown as due on any such certificate within 10 days after receipt thereof.

 (d)        Delay in Requests. Failure or delay on the part of any Lender
or the L/C Issuer to demand compensation pursuant to the foregoing provisions of this Section 3.04 shall not constitute a waiver of such Lender’s or the L/C Issuer’s right to demand such compensation, provided that no
Borrower shall be required to compensate a Lender or the L/C Issuer pursuant to the foregoing provisions of this Section for any increased costs incurred or reductions suffered more than nine months prior to the date that such Lender or the L/C
Issuer, as the case may be, notifies the Company of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or the L/C Issuer’s intention to claim compensation therefor (except that, if the Change in Law
giving rise to such increased costs or reductions is retroactive, then the nine-month period referred to above shall be extended to include the period of retroactive effect thereof). 

(e) Reserves on Eurodollar Rate Loans. The
Company shall pay (or cause the applicable Designated Borrower to pay) to each Lender (i) as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including eurocurrency funds or
deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each Eurodollar Rate Loan equal to the actual costs of such reserves allocated to such Loan by such Lender so long as such
reserve allocation is no less favorable to the Company than allocation of reserves by such Lender to other comparable loans (as determined by such Lender in good faith, which determination shall be conclusive), and (ii) as long as such Lender
shall be required to comply with any reserve ratio requirement or analogous requirement of any central banking or financial regulatory authority imposed in respect of the maintenance of the Commitments or the funding of the Loans, such additional
costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Commitment or Loan by such Lender (as determined by such Lender in good faith, which
determination shall be conclusive), which in each case shall be due and payable on each date on which interest is payable on such Loan; provided that the Company shall have received at least 10 days’ prior notice (with a copy to the
Administrative Agent) of such additional interest or costs from such Lender. If a Lender fails to give notice 10 days prior to the relevant Interest Payment Date, such additional interest or costs shall be due and payable 10 days from receipt of
such notice. 

  
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 3.05      Compensation for Losses. Upon
demand of any Lender (with a copy to the Administrative Agent and including a reasonably detailed calculation thereof) from time to time, the Company shall promptly compensate (or cause the applicable Designated Borrower to compensate) such Lender
for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of: 

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

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

(c)        any assignment of a Eurodollar RateTerm
SOFR Loan or an Alternative Currency Term Rate Loan on a day other than the last day of the Interest Period therefor as a result of a request by the Company pursuant to Section 10.13;

 including any actual loss of anticipated profits, any foreign exchange losses and any loss or expense arising from the liquidation
or reemployment of funds obtained by it to maintain such Loan or from fees payable to terminate the deposits from which such funds were obtained or from the performance of any foreign exchange contract. 

For purposes of calculating amounts payable by the Company (or the applicable Designated Borrower) to the Lenders under this
Section 3.05, each Lender shall be deemed to have funded each Alternative Currency Term Rate Loan and Eurodollar Rate Loan made by it at the Alternative Currency Term Rate Loan or Eurodollar Rate, as applicable, for such Loan by a matching deposit or other borrowing in the offshore interbank market for Dollars a comparable amount and for a comparable period, whether or not such Alternative Currency Term Rate Loan or Eurodollar Rate Loan was in fact so funded. 

3.06      Mitigation Obligations; Replacement of Lenders. 

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

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

  
 93 

 
the Company may replace such Lender in accordance with Section 10.13, provided that the new Lender is a Non-Public Lender. 

3.07      Survival. All of the obligations of the Borrowers under this Article III
shall survive termination of the Aggregate Commitments, repayment of all other Obligations hereunder, and resignation of the Administrative Agent. 

ARTICLE IV. 
 CONDITIONS
PRECEDENT TO CREDIT EXTENSIONS 
 4.01      Conditions of Initial Credit Extension.
The obligation of the L/C Issuer and each Lender to make its initial Credit Extension hereunder is subject to satisfaction of the following conditions precedent: 

(a)        The Administrative Agent’s receipt of the following, each of which
shall be originals or electronic copies of originals (followed promptly by originals) unless otherwise specified, each properly executed by a Responsible Officer of the signing Loan Party, each dated the Closing Date (or, in the case of certificates
of governmental officials, a recent date before the Closing Date): 

(i)        executed counterparts of this Agreement, the Security
Agreement, the Company Guaranty, the Subsidiary Guaranty, and each Note (to the extent any such Note has been requested at least two Business Days prior to the Closing Date); 

(ii)        executed Perfection Certificate for each of the Loan
Parties; 
 (iii)        a Committed Loan Notice with respect to the
Loans to be made on the Closing Date; 
 (iv)        (i) a
certificate of each Loan Party, dated the Closing Date and executed by a secretary, assistant secretary or other Responsible Officer thereof, which shall (A) certify that attached thereto are (x) a true and complete copy of the certificate
or articles of incorporation, formation or organization of such Loan Party certified by the relevant authority of its jurisdiction of organization, which certificate or articles of incorporation, formation or organization have not been amended
(except as attached thereto) since the date reflected thereon, (y) a true and correct copy of the by-laws or operating, management, partnership or similar agreement of such Loan Party, together with all amendments thereto as of the Closing
Date, which by-laws or operating, management, partnership or similar agreement are in full force and effect, and (z) a true and complete copy of the resolutions or written consent of its Board of Directors authorizing the execution and delivery
of the Loan Documents, which resolutions or consent have not been modified, rescinded or amended (other than as attached thereto) and are in full force and effect, and (B) identify by name and title and bear the signatures of the officers,
managers, directors or other authorized signatories of such Loan Party authorized to sign the Loan Documents to which such Loan Party is a party on the Closing Date and (ii) a good standing (or equivalent) certificate dated as of a recent date
for each Loan Party from the relevant authority of its jurisdiction of organization; and 

(v)        a customary opinion of Simpson Thacher & Bartlett
LLP, special New York counsel to the Loan Parties, addressed to the Administrative Agent and each Lender as of the Closing Date. 

(b)        The Administrative Agent and the Lenders shall have received from the
Company an annual business plan and budget of the Company and its Subsidiaries on a consolidated basis, including 

  
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forecasts prepared by management of the Company, in form satisfactory to the Administrative Agent and the Lenders, of consolidated balance sheets and statements of income or operations and cash
flows of the Company and its Subsidiaries on an annual basis for 2022, 2023, 2024, 2025 and 2026. 

(c)        Any fees required to be paid on or before the Closing Date shall have been
paid. 
 (d)        The Administrative Agent and the Arrangers shall have received
all documentation and other information about any Loan Party that shall have been reasonably requested in writing by the Administrative Agent (including on behalf of the initial Lenders) or the Arrangers at least ten Business Days in advance of the
Closing Date, which documentation or other information the Arrangers have reasonably determined is required by US regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the
USA PATRIOT Act. 
 (e)        Unless waived by the Administrative Agent, the
Company shall have paid all fees, charges and disbursements of counsel to the Administrative Agent (directly to such counsel if requested by the Administrative Agent) to the extent invoiced at least two Business Days prior to the Closing Date, plus
such additional amounts of such fees, charges and disbursements as shall constitute its reasonable estimate of such fees, charges and disbursements incurred or to be incurred by it through the closing proceedings (provided that such estimate shall
not thereafter preclude a final settling of accounts between the Company and the Administrative Agent). 
 Without limiting
the generality of the provisions of the last paragraph of Section 9.03, for purposes of determining compliance with the conditions specified in this Section 4.01, each Lender that has signed this Agreement shall be deemed to
have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice
from such Lender prior to the proposed Closing Date specifying its objection thereto. 

4.02      Conditions to all Credit Extensions. The obligation of each Lender to honor any
Request for Credit Extension (other than a Committed Loan Notice requesting only a conversion of Committed Loans to the other Type, or a continuation of Eurodollar
RateTerm SOFR Loans or Alternative Currency Term
Rate Loans) is subject to the following conditions precedent: 

(a)        The representations and warranties of (i) the Borrowers contained in
Article V and (ii) each Loan Party contained in each other Loan Document, shall (i) with respect to representations and warranties that contain a materiality qualification, be true and correct on and as of the date of such Credit
Extension and (ii) with respect to representations and warranties that do not contain a materiality qualification, be true and correct in all material respects on and as of the date of such Credit Extension, except to the extent that such
representations and warranties specifically refer to an earlier date, in which case they shall (i) with respect to representations and warranties that contain a materiality qualification, be true and correct on and as of such earlier date and
(ii) with respect to representations and warranties that do not contain a materiality qualification, be true and correct in all material respects on and as of such earlier date, and except that for purposes of this Section 4.02, the
representations and warranties contained in clauses (a) and (b) of Section 5.03 shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of
Section 6.01. 
 (b)        No Default shall exist, or would result from
such proposed Credit Extension or the application of the proceeds thereof. 

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

  
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 (d)        If the applicable
Borrower is a Designated Borrower, then the conditions of Section 2.14 to the designation of such Borrower as a Designated Borrower shall have been met to the reasonable satisfaction of the Administrative Agent and any Lender, to the
extent required by Section 2.14. 
 (e)        In the case of a Credit
Extension to be denominated in an Alternative Currency, such currency remains an Eligible Currency. 
 Each Request for
Credit Extension (other than a Committed Loan Notice requesting only a conversion of Committed Loans to the other Type or a continuation of Eurodollar
RateTerm SOFR Loans or Alternative Currency Term
Rate Loans) submitted by a Borrower shall be deemed to be a representation and warranty that the conditions specified in Sections 4.02(a) and (b) have been satisfied on and as of the date of the applicable Credit Extension.

 ARTICLE V. 

REPRESENTATIONS AND WARRANTIES 

Each Borrower represents and warrants to the Administrative Agent and the Lenders that: 

5.01      Organization and Power. 

(a)        Each Loan Party (i) is duly organized, incorporated or established,
validly existing and in good standing (to the extent such concept exists in such jurisdiction) under the laws of the jurisdiction of its formation, incorporation or establishment; (ii) has all requisite power to own or lease its assets and
carry on its business as now conducted; (iii) is in good standing (where such concept exists in such jurisdiction) and is duly qualified to do business in every jurisdiction wherein the conduct of its business requires such qualification;
except in each case referred to in clause (ii) and (iii) to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect; and (iv) has all requisite power to execute, deliver and perform each of
the Loan Documents to which it is a party. 
 (b)        Except, in any case, as
could not reasonably be expected to have a Material Adverse Effect, each Subsidiary of the Company which is not a Loan Party (other than Excluded Subsidiaries) (i) is duly organized, incorporated or established, validly existing and in good
standing (to the extent such concept exists in such jurisdiction) under the laws of the jurisdiction of its formation, incorporation or establishment; (ii) has all requisite power and authority to own or lease its properties and to carry on its
business; and (iii) is duly qualified to do business in every jurisdiction wherein the conduct of its business or the ownership of its properties are such as to require such qualification. 

5.02      Authorization; Enforceable Obligations. 

(a)        The execution, delivery and performance by each Loan Party of each Loan
Document to which such Person is a party, the Borrowings and the other extensions of credit to the Borrowers hereunder, and the execution, delivery and performance by each Subsidiary Guarantor of the Loan Documents to which such Subsidiary Guarantor
is a party, (i) have been duly authorized by all requisite corporate, limited partnership or limited liability company action, (ii) will not violate or require any consent (other than consents as have been made or obtained and which are in
full force and effect) under (A) any provision of Law applicable to such Loan Party, or the Organization Documents of such Loan Party or (B) any order of any court or other Governmental Authority binding on such Loan Party or any
indenture, agreement or other instrument to which such Loan Party is a party, or by which such Loan Party or any of its property is bound and (iii) will not be in conflict with, result in a breach of or constitute (with due notice and/or lapse
of time) a default under any such indenture, agreement or other instrument, which conflict, breach or default could reasonably be expected to have a Material Adverse Effect, or result in the creation or imposition of

  
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any Lien of any nature whatsoever upon any of the property or assets of such Loan Party other than as contemplated by the Loan Documents. 

(b)        This Agreement and each other Loan Document to which each Loan Party is a
party has, in each case, been duly executed and delivered by such Loan Party, and constitutes a legal, valid and binding obligation of such Loan Party, enforceable against it in accordance with its terms, except to the extent that enforcement may be
limited by applicable bankruptcy, reorganization, moratorium, insolvency and similar laws affecting creditors’ rights generally or by equitable principles of general application, regardless of whether considered in a proceeding in equity or at
law. 
 5.03      Financial Condition; No Material Adverse Effect. 

(a)        The Company has heretofore furnished to each Lender the Audited Financial
Statements. The Audited Financial Statements were prepared in conformity with GAAP, except as otherwise expressly indicated therein, including the notes thereto, and such financial statements fairly present in all material respects the consolidated
financial condition and consolidated results of operations of the Company and its Subsidiaries as of the date of such financial statements and for the periods to which they relate. 

(b)        Since the date of the Audited Financial Statements, there has been no event
or circumstance, either individually or in the aggregate, that has had or would reasonably be expected to have a Material Adverse Effect. 

(c)        The financial projections delivered pursuant to Section 6.01(c)
were prepared in good faith on the basis of the assumptions stated therein, which assumptions were reasonable in light of the conditions existing at the time of delivery of such forecasts, and represented, at the time of delivery, the Company’s
reasonable estimate of its future financial condition and performance; it being understood that (i) such forecasted balance sheets, statements of income and cash flows (A) are as to future events and are not to be viewed as facts and
(B) are subject to significant uncertainties and contingencies, many of which are beyond the control of the Company and its Subsidiaries, and (ii) no assurance can be given that any particular projections contained in such forecasted
balance sheets, statements of income or cash flows will be realized and that actual results during the period or periods covered thereby may differ significantly from the projected results and such differences may be material. 

(d)        On the Closing Date, the Company and its Subsidiaries (on a consolidated
basis) are, Solvent. 
 5.04      Taxes. The Company and each Subsidiary has filed all
federal, and other material state, provincial and other tax returns and reports required to be filed, and the Company and each Subsidiary has paid all federal and other material, state, provincial and other 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 diligently conducted and for which adequate reserves
have been provided in accordance with GAAP. There is no proposed tax assessment against Company or any Subsidiary that would, if made, have a Material Adverse Effect, nor is there any tax sharing agreement applicable to the Company or any
Subsidiary. 
 5.05      Title to Properties. 

The Company and each Subsidiary has good title to its respective properties and assets reflected on the financial statements
referred to in Section 5.03, except for such properties and assets as have been disposed of since the date of such financial statements as no longer used or useful in the conduct of their respective businesses or as have been disposed of
in the ordinary course of business and except as could 

  
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not reasonably be expected to have a Material Adverse Effect, and all such properties and assets are free and clear of all Liens other than Permitted Liens. 

5.06      Litigation. 

(a)        There are no actions, suits or proceedings pending or, to the knowledge of
the Company, threatened against or affecting the Company or any such Subsidiary or against any of their properties or assets at law, in equity, in arbitration or before or by any Governmental Authority, which involve any of the transactions
contemplated herein or which could reasonably be expected to result in a Material Adverse Effect. 

(b)        Neither the Company nor any Subsidiary is in default with respect to or has
breached or otherwise violated any judgment, writ, injunction, decree, rule or regulation of any Governmental Authority binding on such Person which could reasonably be expected to result in a Material Adverse Effect. 

5.07      Agreements. Neither the Company nor any Subsidiary is in default in the
performance, observance or fulfillment of any Contractual Obligation to which such Person is a party or affecting such Person or the properties of such Person, which default could reasonably be expected to have a Material Adverse Effect. 

5.08      ERISA Compliance. 

(a)        Except as could not reasonably be expected to have a Material Adverse
Effect, (i) each Plan is in compliance in all material respects with the applicable provisions of ERISA, the Code and other Federal or state laws and (ii) each Pension Plan that is intended to be a qualified plan under Section 401(a)
of the Code has received a favorable determination letter from the Internal Revenue Service or is covered by an opinion letter to the effect that the form of such Plan is qualified under Section 401(a) of the Code and the trust related thereto
has been determined by the Internal Revenue Service to be exempt from federal income tax under Section 501(a) of the Code, or an application for such a letter is currently being processed by the Internal Revenue Service. To the best knowledge
of the Company, nothing has occurred that would prevent or cause the loss of such tax-qualified status. 

(b)        There are no pending or, to the best knowledge of the Company, threatened
claims, actions or lawsuits, or action by any Governmental Authority, with respect to any Plan that could reasonably be expected to have a Material Adverse Effect. There has been no prohibited transaction or violation of the fiduciary responsibility
rules with respect to any Plan that 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, and neither the Company nor any ERISA Affiliate is aware of any fact, event or circumstance that could reasonably be expected to constitute or result in an ERISA Event with respect to any Pension Plan;
(ii) the Company and each ERISA Affiliate has met all applicable requirements under the Pension Funding Rules in respect of each Pension Plan, and no waiver of the minimum funding standards under the Pension Funding Rules has been applied for
or obtained; (iii) other than with respect to any Exempted ERISA Subsidiary and its Pension Plans in existence at the time it becomes a Subsidiary, as of the most recent valuation date for any Pension Plan, the funding target attainment
percentage (as defined in Section 430(d)(2) of the Code) is 60% or higher and neither the Company nor any ERISA Affiliate knows of any facts or circumstances that could reasonably be expected to cause the funding target attainment percentage
for any such plan to drop below 60% as of the most recent valuation date; (iv) neither the Company nor any ERISA Affiliate has incurred any liability to the PBGC other than for the payment of premiums, and there are no premium payments which
have become due that are unpaid; (v) neither the Company nor any ERISA Affiliate has engaged in a transaction that could be subject to Section 4069 or 

  
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Section 4212(c) of ERISA; and (vi) no Pension Plan has been terminated by the plan administrator thereof nor by the PBGC, and no event or circumstance has occurred or exists that could
reasonably be expected to cause the PBGC to institute proceedings under Title IV of ERISA to terminate any Pension Plan. 

(d)        Neither the Company nor any ERISA Affiliate maintains or contributes to, or
has any unsatisfied obligation to contribute to, or liability under, any active or terminated Pension Plan. 

(e)        As of the Closing Date, neither the Company nor any ERISA Affiliate is or
will be using “plan assets” (within the meaning of 29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA) of one or more Benefit Plans in connection with the Loans, the Letters of Credit or the Commitments.  

5.09      Margin Regulations; Investment Company Act. 

(a)        Neither the Company nor any Subsidiary is engaged nor will it engage,
principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock. 

(b)        The proceeds of each Loan and each other Credit Extension shall be used
solely for the purposes permitted under Section 6.11, and no part of any such the proceeds will be used, whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or to carry margin stock or to
extend credit to others for the purpose of purchasing or carrying margin stock, or to refund indebtedness originally incurred for such purposes. 

(c)        Neither the Company nor any other Loan Party is or is required to be
registered as an “investment company” under the Investment Company Act of 1940. 

5.10      Approvals. Except as may have been obtained or made on or prior to the Closing
Date (and which remain in full force and effect on the Closing Date), no approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in
connection with the execution, delivery or performance by, or enforcement against, any Loan Party of this Agreement or any other Loan Document. 

5.11      Subsidiaries. Attached hereto as Schedule 5.11 is a correct and complete
list as of the Closing Date of each of the Company’s Subsidiaries showing as to each Subsidiary, its name, the jurisdiction of its incorporation, establishment or formation, its shareholders or other owners of an interest in each Subsidiary
(other than natural Persons) and the number of outstanding shares or other ownership interests owned by each shareholder or other owner of an interest. All of the outstanding Equity Interests in each of the Subsidiaries have been validly issued, are
fully paid and nonassessable and, with respect to such Equity Interests constituting Collateral, are free and clear of all Liens (other than Permitted Liens). 

5.12      Environmental Compliance. Except as could not reasonably be expected to have a
Material Adverse Effect, the Company and each Subsidiary are in compliance with all applicable Environmental Laws, and neither the Company nor any Subsidiary has used Hazardous Materials on, from, or affecting any property now owned or occupied or
hereafter owned or occupied by the Company or any such Subsidiary in any manner which violates any applicable Environmental Law. 

5.13      No Default. No Default or Event of Default has occurred and is continuing. 

5.14      Permits and Licenses. The Company and each Subsidiary each has all permits,
licenses, certifications, authorizations and approvals required for it lawfully to own and operate its businesses, 

  
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except those the failure of which to have, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

5.15      Compliance with Law. The Company and each Subsidiary are in compliance with all
laws, rules, regulations, orders and decrees which are applicable to it, or to any of its properties, except those the failure of which to comply with, individually or in the aggregate, could not reasonably be expected to have a Material Adverse
Effect. 
 5.16      Disclosure. As of the Closing Date, the Loan Documents and the
other documents, certificates and written statements furnished to the Arrangers, the Administrative Agent, the L/C Issuer, or any Lender by or on behalf of the Company or any of its Subsidiaries for use in connection with the transactions
contemplated by this Agreement, when taken as a whole and together with the public filings of the Company, do not contain any untrue statement of material fact or omit to state a material fact necessary in order to make the statements contained
herein or therein not materially misleading in light of the circumstances in which they were made, provided that, with respect to projected financial information, the Company represents only that such information was prepared in good faith based
upon assumptions believed by them to be reasonable at the time delivered and, if such projected financial information was delivered prior to the Closing Date, as of the Closing Date, it being understood that any such projected financial information
may vary from actual results and such variations could be material. 
 5.17      Labor
Disputes and Acts of God. Neither the business nor the properties of the Company or any Subsidiary is (i) engaged in any strike, lockout or other labor dispute or (ii) currently affected by or subject to any fire, explosion, accident,
drought, storm, earthquake, embargo, act of God or other casualty (whether or not covered by insurance), in each case, which could reasonably be expected to have a Material Adverse Effect. 

5.18      Sanctions and Anti-Corruption Laws.  

(a)        Sanctions Concerns. No Loan Party, nor any Subsidiary, nor, to the
knowledge of the Loan Parties and their Subsidiaries, any director, officer, employee, agent, affiliate or representative thereof, is an individual or entity that is, or is owned or controlled by one or more individuals or entities that are
(i) currently the subject or target of any Sanctions, (ii) included on OFAC’s List of Specially Designated Nationals or HMT’s Consolidated List of Financial Sanctions Targets, or any similar list enforced by any other relevant
sanctions authority, including the Government of Canada or (iii) located, organized or resident in a Designated Jurisdiction. The Company and its Subsidiaries have conducted their businesses in compliance with all applicable Sanctions and have
instituted and maintained policies and procedures designed to promote and achieve compliance with such Sanctions. 

(b)        Anti-Corruption Laws. The Loan Parties and their Subsidiaries have
conducted their business in compliance in all material respects with the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010, the Corruption of Foreign Public Officials Act (Canada) and other applicable anti-corruption
legislation in other jurisdictions, and have instituted and maintained policies and procedures designed to promote and achieve compliance with such laws. 

5.19      Intellectual Property; Licenses, Etc. Except as could not reasonably be
expected to have a Material Adverse Effect, (i) the Company and its Subsidiaries own, or possess the right to use, all of the Intellectual Property that is reasonably necessary for the operation of their respective businesses, without conflict
with the rights of any other Person and (ii) no claim or litigation regarding any of the foregoing is pending or, to the best knowledge of the Company, threatened. 

5.20      EEA Financial Institutions. No Loan Party is an EEA Financial
Institution. 

  
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 5.21      Covered Entities. No Loan
Party is a Covered Entity. 
 ARTICLE VI. 

AFFIRMATIVE COVENANTS 

So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation (other than contingent indemnification
obligations not yet due and owing) hereunder shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding, the Company shall, and shall (except in the case of the covenants set forth in Sections 6.01, 6.02, and
6.03) cause each Subsidiary to: 
 6.01      Financial Statements. Deliver to
the Administrative Agent for further distribution to each Lender: 

(a)        within 90 days after the end of each fiscal year of the Company, a
consolidated balance sheet of the Company and its Subsidiaries as at the end of such fiscal year, and the related consolidated statements of income, retained earnings and cash flow for such fiscal year, setting forth in each case in comparative form
the figures for the previous fiscal year, all in reasonable detail and prepared in accordance with GAAP, audited and accompanied by a report and opinion of Ernst & Young LLP or another independent certified public accountant of nationally
recognized standing (the “Auditor”), which report and opinion shall be prepared in accordance with generally accepted auditing standards and shall not be subject to any “going concern” qualification or exception or any
qualification or exception as to the scope of such audit (other than any exception or explanatory paragraph, but not a qualification, with respect to, or resulting from, (i) the maturity of the Loans hereunder occurring within one year from the
time such opinion is delivered, (ii) any actual or potential inability to satisfy a financial maintenance covenant under this Agreement in any future period, and/or (iii) a change in accounting principles or practices reflecting a change
in GAAP and required or approved by such independent public accountants); 

(b)        within 45 days after the end of each of the first three fiscal quarters of
each fiscal year of the Company, an unaudited consolidated balance sheet of the Company and its Subsidiaries as at the end of such fiscal quarter, the related unaudited consolidated statements of income for such fiscal quarter and for the portion of
the Company’s fiscal year then ended, and the related unaudited consolidated statements of changes in shareholders’ equity and cash flows for the portion of the Company’s fiscal year then ended, in each case setting forth in
comparative form, as applicable, the figures for the corresponding fiscal quarter of the previous fiscal year and the corresponding portion of the previous fiscal year, all in reasonable detail, certified by a Responsible Officer of the Company as
fairly presenting in all material respects the financial condition, results of operations, shareholders’ equity and cash flows of the Company and its Subsidiaries as of the end of such fiscal quarter and such portion of the fiscal year on a
consolidated basis in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes; and 

(c)        no later than concurrently with the delivery of the financial statements
referred to in clause (a) above, copies of the Company’s annual financial projections, on a quarterly basis with respect to the next succeeding fiscal year (it being recognized by the Administrative Agent and the Lenders that future
results included in such projections shall not be viewed as facts and that actual results may differ from projected results). 

6.02      Certificates; Other Information. Deliver to the Administrative Agent and each
Lender: 
 (a)        concurrently with the delivery of the financial statements
referred to in Sections 6.01(a) and (b), a duly completed Compliance Certificate signed by a Responsible Officer of the Company (which delivery may, unless the Administrative Agent or a Lender requests executed originals, be by
electronic communication including fax or email and shall be deemed to be an original authentic counterpart thereof for all purposes); and 

  
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 (b)        promptly, such additional
information regarding the business, financial or corporate affairs of the Company or any Subsidiary, or compliance with the terms of the Loan Documents, as the Administrative Agent or any Lender (through the Administrative Agent) may from time to
time reasonably request, including information and documentation reasonably requested by the Administrative Agent or any Lender (through the Administrative Agent) for purposes of compliance with applicable “know your customer” and
anti-money-laundering rules and regulations, including, without limitation, the Beneficial Ownership Regulation. 
 Documents required to be
delivered pursuant to Section 6.01(a) or (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 earlier of the date (i) on which the Company posts such documents, or provides a link thereto on the Company’s website on the Internet at the website address listed on Schedule 10.02; or (ii) on which such
documents are posted on the Company’s behalf on an Internet or intranet website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent);
provided that: the Company shall notify the Administrative Agent (by telecopier or electronic mail) of the posting of any such documents and upon its reasonable request 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 or to maintain copies of the documents referred to above, and in any event shall have no responsibility to monitor
compliance by the Company with any such request for delivery, and each Lender shall be solely responsible for timely accessing posted documents and maintaining its copies of such documents. 

Each Borrower hereby acknowledges that (a) the Administrative Agent and/or the Arrangers will make available to the
Lenders and the L/C Issuer materials and/or information provided by or on behalf of the such Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on Syndtrak or another similar electronic 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 Company 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. Each Borrower hereby agrees that it will, upon the Administrative Agent’s
reasonable request, use commercially reasonable efforts to identify that portion of (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 prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC,” the Borrowers shall be deemed to have authorized the Administrative Agent, the Arrangers, the
L/C Issuer and the Lenders to treat such Borrower Materials as not containing any material non-public information (although it may be sensitive and proprietary) with respect to the Borrowers or their respective securities for purposes of United
States Federal and state securities laws (provided that to the extent such Borrower Materials constitute Information, they shall be treated as set forth in Section 10.07); (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 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.” Notwithstanding the foregoing, unless and until the Company and the Administrative Agent otherwise agree, no
Borrower shall be under any obligation to mark any Borrower Materials “PUBLIC, and no Borrower Materials shall be posted on the portion of the Platform designated for “Public Side Information.” 

6.03      Notices. Promptly after a Responsible Officer of the Company obtains actual
knowledge thereof, notify the Administrative Agent, for further notification to each Lender, of: 

(a)        the occurrence of any Default; 

  
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 (b)        the commencement of, or
any material development in, any litigation or proceeding affecting the Company or any Subsidiary, including pursuant to any applicable Environmental Laws that has resulted or would reasonably be expected to result in a Material Adverse Effect; 

(c)        the occurrence of any ERISA Event; and 

(d)        any material change in accounting policies or financial reporting practices
by the Company, including any determination by the Company referred to in Section 2.10(b); and 
 Each notice
pursuant to this Section 6.03 shall be accompanied by a statement of a Responsible Officer of the Company setting forth details of the occurrence referred to therein and stating what action the Company has taken and proposes to take with
respect thereto. Each notice pursuant to Section 6.03(a) shall describe with particularity any and all provisions of this Agreement and any other Loan Document that have been breached. 

6.04      Payment of Taxes. Pay and discharge as the same shall become due and payable
all tax liabilities, assessments and government charges or levies upon it or its properties or assets, except where (a) the same are being contested in good faith by appropriate proceedings diligently conducted and adequate reserves in
accordance with GAAP are being maintained by the Company or such Subsidiary, or (b) where the failure to make payment could not reasonably be expected to, individually or in the aggregate, result in a Material Adverse Effect. 

6.05      Preservation of Existence, Etc. (a) Preserve, renew and maintain in full
force and effect its legal existence and good standing under the Laws of the jurisdiction of its organization incorporation or establishment except in a transaction permitted by Section 7.04 or 7.05, and, other than with respect
to the Loan Parties, except as could not reasonably be expected to have a Material Adverse Effect; (b) take all reasonable action to maintain all rights, privileges, permits, licenses and franchises necessary or desirable in the normal conduct
of its business, except to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect; and (c) preserve or renew all of its registered patents, trademarks, trade names and service marks, the
non-preservation of which could reasonably be expected to have a Material Adverse Effect. 

6.06      Maintenance of Properties. Maintain, preserve and protect all of its material
properties and equipment necessary in the operation of its business in good working order and condition, ordinary wear and tear excepted; except in each case where the failure to do so could not reasonably be expected to have a Material Adverse
Effect. 
 6.07      Maintenance of Insurance. Maintain with financially sound and
reputable insurance companies (in the good faith judgment of the management of the Company), 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 (after giving effect to any self-insurance which and the Company believes (in the good faith judgment of management of the Company) is reasonable and prudent in light of the size and nature of its
business) as the Company believes (in the good faith judgment of the management of the Company) are reasonable and prudent in light of the size and nature of its business. Not later than 60 days after the Closing Date (or such later date as the
Administrative Agent may agree in its reasonable discretion), all such insurance shall (a) provide for not less than 30 days’ prior notice to the Administrative Agent of termination, lapse or cancellation of such insurance and
(b) name the Administrative Agent as additional insured (in the case of liability insurance) or lender’s loss payable (in the case of property insurance). 

6.08      Compliance with Laws. Comply with the requirements of all Laws and all orders,
writs, injunctions and decrees applicable to it or to its business or property, except in such instances in which (a)

  
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such requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted, or (b) the failure to comply therewith could
not reasonably be expected to have a Material Adverse Effect. 
 6.09      Books and
Records. Maintain adequate records and proper books of record and account, in which complete and correct entries in all material respects and in conformity with GAAP (or applicable local standards) consistently applied shall be made of all
financial transactions and matters involving the assets and business of the Company or such Subsidiary, as the case may be. 

6.10      Inspection Rights. Permit representatives and independent contractors of the
Administrative Agent to visit and inspect any of its properties (provided that with respect to any leased property, such inspection shall not violate the terms of the applicable lease after giving effect to any notification requirements contained
therein with which the Company or applicable Subsidiary hereby agrees to comply), to examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss its affairs, finances and accounts with its
directors, officers, and independent public accountants, at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the Company; provided that, excluding any such visits and
inspections during the continuation of an Event of Default, only the Administrative Agent on behalf of the Lenders may exercise visitation and inspection rights of the Administrative Agent and the Lenders under this Section 6.10 and the
Administrative Agent shall not exercise such rights more often than one time during any calendar year absent the existence of an Event of Default and only one such visitation and inspection shall be at the reasonable expense of the Company;
provided, further, that when an Event of Default exists the Administrative Agent or any Lender (or any of their respective representatives or independent contractors) may do any of the foregoing at the expense of the Company at any time
during normal business hours and upon reasonable advance notice. 
 6.11      Use of
Proceeds. Use the proceeds of the Credit Extensions for general corporate purposes not in contravention of this Agreement. 

6.12      Additional Subsidiary Guarantors; Additional Security. 

(a)        If any additional Subsidiary is formed or acquired after the Closing Date
or any Subsidiary ceases to be an Excluded Subsidiary, the Company will, within 30 days after such newly formed or acquired Subsidiary is formed or acquired (unless such Subsidiary is an Excluded Subsidiary), notify the Administrative Agent thereof,
and will and will cause such Subsidiary and the other Loan Parties to take all actions (if any) required to satisfy the Collateral and Guarantee Requirement with respect to such Subsidiary and with respect to any Equity Interest in or Indebtedness
of such Subsidiary owned by or on behalf of any Loan Party within 30 days after such notice (or such longer period as the Administrative Agent shall reasonably agree). 

(b)        The Company will, and will cause each Loan Party to, execute any and all
further documents, financing statements, agreements and instruments, and take all such further actions (including the filing and recording of financing statements, fixture filings, mortgages, deeds of trust and other documents), that may be required
under any applicable law and that the Administrative Agent or the Required Lenders may reasonably request, to cause the Collateral and Guarantee Requirement to be and remain satisfied, all at the expense of the Loan Parties. 

(c)        Upon any Foreign Subsidiary becoming a Designated Foreign Borrower, subject
to the last paragraph in the definition of Collateral and Guarantee Requirement, cause such Person to, on or before the date such Person becomes a Designated Foreign Borrower, 

  
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 (i)        at the
reasonable request of the Administrative Agent, deliver to the Administrative Agent documents of the types referred to in Section 4.01(a)(iv) as are customary with respect to such Borrower’s jurisdiction and favorable opinions of
counsel to such Person,; 
 (ii)        at the reasonable request of
the Administrative Agent, duly execute and deliver to the Administrative Agent, and cause each direct and indirect wholly-owned Subsidiary thereof that is organized in the same jurisdiction and not an Excluded Subsidiary to execute and deliver to
the Administrative Agent, to the extent permitted by applicable Law, such security and pledge agreements, including security and pledge agreements under applicable local law, securing payment of all the Obligations of such Subsidiary or such parent,
as the case may be, under the Loan Documents and constituting Liens on all such interests and personal properties; and 

(i)        at the reasonable request of the Administrative Agent, take
action (including the filing of the local jurisdiction equivalent of Uniform Commercial Code financing statements and delivery of all certificates, if any, representing the Equity Interests in and of such Designated Foreign Borrower) that is
customary and necessary to vest in the Administrative Agent (or in any representative of the Administrative Agent designated by it) valid and subsisting Liens on the properties (other than any Excluded Assets) purported to be subject to such
security and pledge agreements delivered pursuant to this Section 6.12, enforceable against all third parties in accordance with their terms. 

6.13      Designation as Senior Debt. Designate all Obligations as “Designated
Senior Debt” under, and defined in, any Subordinated Debt Documents. 

6.14      Approvals and Authorizations. Maintain all authorizations, consents, approvals
and licenses from, exemptions of, and filings and registrations with, each Governmental Authority of the jurisdiction in which each Designated Foreign Borrower is organized and existing, and all approvals and consents of each other Person in such
jurisdiction, in each case that are required in connection with the Loan Documents. 

6.15      Further Assurances. Promptly upon the reasonable request by the Administrative
Agent, execute any and all further documents, financing statements, agreements and instruments, and take all such further actions (including the filing and recording of financing statements, fixture filings, mortgages, deeds of trust and other
documents), that may be required under any applicable law and that the Administrative Agent may reasonably request, to cause the Collateral and Guarantee Requirement to be and remain satisfied, all at the expense of the Loan Parties. 

6.16      Information Regarding Collateral. Furnish to the Administrative Agent prompt
written notice (which shall in any event be provided by the earlier of (x) 30 days after such change (or such longer notice period agreed to by the Administrative Agent) and (y) 15 days prior to the date on which the perfection of the
liens under the Collateral Documents would (absent additional filings or other actions) lapse, in whole or in part, by reason of such change) of any change in (i) any Loan Party’s legal name, (ii) any Loan Party’s jurisdiction of
incorporation or organization or (iii) any Loan Party’s identity or type of organization or corporate structure. Each Loan Party agrees to promptly provide the Administrative Agent with certified Organization Documents reflecting any of
the changes described in the preceding sentence. 
 6.17      Post-Closing Date
Obligations. Execute and deliver the agreements, documents and other instruments, and complete the tasks set forth on Schedule 6.17, in each case, within the time limits specified on such schedule (or such longer period of time as the
Administrative Agent may agree in its reasonable discretion). 

  
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 6.18      Anti-Corruption Laws; Sanctions.
Conduct its business in compliance in all material respects with the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010 and other applicable anti-corruption legislation in other jurisdictions and with all applicable
Sanctions, and maintain policies and procedures designed to promote and achieve compliance with such laws and Sanctions. 
 ARTICLE VII.

 NEGATIVE COVENANTS 

So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation (other than contingent indemnification
obligations not yet due and owing) hereunder shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding, the Company shall not, nor shall it permit any Subsidiary to, directly or indirectly: 

7.01      Liens. Create, incur, assume or suffer to exist any Lien upon any of its
property, assets or revenues, whether now owned or hereafter acquired, other than the following: 

(a)        Liens pursuant to any Loan Document or otherwise securing any Obligation;

 (b)        Liens existing on the Closing Date securing Indebtedness or other
obligations; provided that in the case of Liens in excess of $5,000,000 (individually) shall be set forth on Schedule 7.01; provided, further, that (i) such Lien does not extend to any additional property other than
after-acquired property that is affixed or incorporated into the property covered by such Lien, (ii) the amount secured or benefited thereby is not increased except as contemplated by Section 7.03(b), (iii) the direct or any
contingent obligor with respect thereto is not changed, and (iv) any renewal or extension of the obligations secured or benefited thereby is permitted by Section 7.03(b); 

(c)        Liens securing Indebtedness permitted by Section 7.03(f);
provided that no notice of Lien has been filed or recorded under the Code; 

(d)        carriers’, warehousemen’s, mechanics’, materialmen’s,
repairmen’s, suppliers’ or other like Liens arising in the ordinary course of business which are not overdue for a period of more than thirty (30) days or which are being contested in good faith and by appropriate proceedings
diligently conducted, if reserves or other appropriate provisions are maintained on the books of the applicable Person in accordance with GAAP; 

(e)        Liens incurred or deposits made in the ordinary course of business in
connection with workers’ compensation, unemployment insurance and other social security legislation, other than any Lien imposed by ERISA, including obligations in respect of letters of credit or similar instruments that have been posted to
support the same; 
 (f)        Liens incurred or deposits made to secure the
performance of tenders, bids, trade contracts (other than for borrowed money) and leases (other than Indebtedness), statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature, in each case, incurred in
the ordinary course of business, including obligations in respect of letters of credit or similar instruments that have been posted to support the same; 

(g)        easements, rights of way, restrictions, encumbrances, restrictive
covenants, servitudes, sewers, electric lines, drains, telegraph and telephone and cable television lines, gas and oil pipelines and other similar purposes building codes, encroachments, protrusions, zoning restrictions and other similar charges or
encumbrances and minor title defects or other irregularities in title and survey exceptions affecting real property incurred in the ordinary course of business which, in the aggregate, do not materially interfere with the normal course of the
business of the Company and the Subsidiaries, taken as a whole; 

  
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 (h)        Liens securing judgments
for the payment of money not constituting an Event of Default under Section 8.01(h); 

(i)        Liens securing Indebtedness permitted under Section 7.03(e);
provided that (i) such Liens do not at any time encumber any property other than the property financed by such Indebtedness (other than accessions and additions thereto and replacements and proceeds thereof) and (ii) the
Indebtedness secured thereby does not exceed 100% of the purchase price of the property being acquired; provided that individual financings of equipment provided by one lender may be cross collateralized to other financings of equipment provided by
such lender; 
 (j)        Liens arising as a matter of law or created in the
ordinary course of business in the nature of (i) normal and customary rights of setoff and bankers’ Liens, 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 the Company or any of its Subsidiaries with any Lender, in each case in the ordinary course of business in favor of the bank or banks with which such accounts are maintained, with respect to cash management and operating
account arrangements, cash management arrangements or in connection with the issuance of letters of credit, bank guarantees or other similar instruments, (ii) Liens securing reasonable and customary fees for services in favor of banks,
securities intermediaries or other depository institutions and (iii) Liens in favor of customs and revenue authorities to secure payment of customs duties in connection with the importation of goods; 

(k)        (i) leases, licenses, subleases or sublicenses granted to other
Persons in the ordinary course of business which do not (A) interfere in any material respect with the business of the Company and its Subsidiaries, taken as a whole, (B) secure any Indebtedness, or (C) with respect to any property
that is subject to such lease, license, sublease or sublicense and material to the business of the Company and its Subsidiaries, taken as a whole, materially impair the value of such property; and (ii) the rights reserved or vested in any
Person by the terms of any lease, license, franchise, grant or permit held by the Company or any Subsidiary; 

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

(m)        Liens arising from precautionary UCC financing statements or similar
filings made in respect of operating leases entered into by the Company or any of its Subsidiaries; 

(n)        Liens on property of a Subsidiary that is not a Loan Party which secure
Indebtedness or other obligations of such Subsidiary or another Subsidiary that is not a Loan Party, in each case to the extent such Indebtedness is permitted under Section 7.03; 

(o)        Liens on Receivables and Related Assets sold in a Permitted Factoring
Program; 
 (p)        any Lien existing on any property or asset prior to the
acquisition thereof by the Company or any Subsidiary or existing on any property or asset of any Person that becomes a Subsidiary after the date hereof prior to the time such Person becomes a Subsidiary; provided that (i) such Lien is not
created in contemplation of or in connection with such acquisition or such Person becoming a Subsidiary, as the case may be, (ii) such Lien shall not apply to any other property or assets of the Company or any Subsidiary and (iii) such
Lien shall secure only those obligations that it secures on the date of such acquisition or the date such Person becomes a Subsidiary, as the case may be, and extensions, renewals and replacements thereof that do not increase the outstanding
principal amount thereof; 

  
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 (q)        Liens on accounts
receivable, Securitization Assets and related assets incurred in connection with a Qualified Securitization Facility; 

(r)        other Liens; provided that at the time of incurrence of the
obligations secured thereby (after giving pro forma effect to any such obligations) the aggregate outstanding face amount of obligations secured by Liens existing in reliance on this clause (s) shall not exceed the greater of $130,000,000 and
50.0% of Consolidated TTM EBITDA; 
 (s)        Liens granted by a
(i) Subsidiary that is not a Loan Party in favor of any Loan Party, (ii) Subsidiary that is not a Loan Party in favor of Subsidiary that is not a Loan Party, and (iii) Loan Party in favor of any other Loan Party; 

(t)        Liens arising out of conditional sale, title retention, consignment or
similar arrangements for sale or purchase of goods by the Company or any of its Subsidiaries in the ordinary course of business; and 

(u)        Liens on cash or Cash Equivalents securing Swap Contracts in the ordinary
course of business. 
 7.02      Investments. Make any Investments, except: 

(a)        Eligible Investments held by the Company or any Subsidiary; 

(b)        advances to officers, directors and employees of the Company and
Subsidiaries in an aggregate amount not to exceed $5,000,000 at any time outstanding, for travel, entertainment, relocation and analogous ordinary business purposes; 

(c)        Investments of the Company or any Subsidiary in the Company or any other
Subsidiary; 
 (d)        (i) Investments consisting of extensions of credit in
the nature of accounts receivable or notes receivable arising from the grant of trade credit in the ordinary course of business, and Investments received in satisfaction or partial satisfaction thereof from financially troubled account debtors to
the extent reasonably necessary in order to prevent or limit loss; (ii) Investments in securities of trade creditors or customers received pursuant to any plan of reorganization or similar arrangement upon the bankruptcy or insolvency of such
trade creditors or customers; and (iii) and Investments received in compromise or resolution of litigation, arbitration or other disputes; 

(e)        guarantees permitted by Section 7.03; 

(f)        Investments in Swap Contracts permitted under Section 7.03(d);

 (g)        Investments consisting of prepayments to suppliers in the ordinary
course of business; 
 (h)        advances of payroll payments to employees and
other service providers in the ordinary course of business 
 (i)        Investments
and other acquisitions to the extent that payment for such Investments is made with common Equity Interests of the Company; provided that any amounts used for such an Investment or other acquisition that are not common Equity Interests of the
Company (or any direct or indirect parent thereof) shall otherwise be permitted pursuant to this Section 7.02; 

(j)        Investments of a Subsidiary acquired after the Closing Date or of a Person
merged or consolidated with any Subsidiary in accordance with this Section 7.02 and Section 7.04 after the Closing 

  
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 Date to the extent that such Investments were not made in contemplation of or in connection
with such acquisition, merger or consolidation and were in existence on the date of such acquisition, merger or consolidation; 

(k)        Investments by a captive insurance subsidiary in accordance with any
investment policy or any insurance statutes or regulations applicable to it; 

(l)        Investments constituting Acceptable Acquisitions; provided that with
respect to each purchase or other acquisition made pursuant to this Section 7.02(l): 

(i)        any such newly-acquired or created Subsidiary shall, to the
extent applicable, comply with the requirements of Section 6.12 within the time periods required thereby; 

(ii)        with respect to any Person that is the subject of such
acquisition, such acquisition has been (A) approved by the board of directors or other appropriate governing body of such Person or (B) recommended for approval by such board of directors or governing body to the shareholders, members,
partners, or other owners of such Person, as required under applicable Law or by the Organization Documents of such Person and subsequently approved by the shareholders, members, partners, or other owners of such Person if such approval is required
under applicable Law or by the Organization Documents of such Person; 

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

(iv)        with respect to any purchase or acquisition made by the
Company that is structured as a merger or amalgamation, the Company shall be the surviving entity; 

(m)        Investments in or relating to a Securitization Subsidiary that, in the good
faith determination of the Company, are necessary or advisable to effect any Qualified Securitization Facility (including distributions or payments of Securitization Fees) or any repurchase obligation in connection therewith (including the
contribution or lending of cash equivalents to Subsidiaries to finance the purchase of such assets from the Company or any Subsidiary or to otherwise fund required reserves); 

(n)        other Investments, including in joint ventures or similar Persons that do
not constitute wholly-owned Subsidiaries, in an aggregate outstanding amount (together with all other Investments made pursuant to this clause (n)) not to exceed 10% of the Company’s Consolidated Assets at such time, determined as of the end of
the most recently completed fiscal quarter of the Company); 
 (o)        the
Company and its Subsidiaries may consummate any Corporate Restructuring; and 

(p)        Investments existing on the date hereof and any modification, replacement,
renewal, reinvestment or extension thereof; provided that the amount of the original Investment is not increased except by the terms of such Investment to the extent as set forth on Schedule 7.02 or as otherwise permitted by this
Section 7.02. 
 Notwithstanding the foregoing or anything to the contrary in the Loan Documents, the Company will not, and will
not permit any Subsidiary to, contribute (or otherwise transfer) any Material Intellectual Property owned by a Loan Party to a Subsidiary that is not a Loan Party; provided that the Company may transfer Intellectual Property relevant to a particular
international business to any applicable Subsidiary in connection with bona fide tax planning. 

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

  
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 (a)        Indebtedness in respect
of the Obligations, including arising under the Loan Documents; 

(b)        Indebtedness outstanding on the Closing Date; provided that in the case of
Indebtedness in excess of $5,000,000 (individually) shall be set forth on Schedule 7.01; provided, further, that the amount of such Indebtedness is not increased at the time of such refinancing, refunding, renewal or extension
except by an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such refinancing and by an amount equal to any existing commitments unutilized thereunder; 

(c)        guarantees of the Company or any Subsidiary in respect of Indebtedness
otherwise permitted hereunder of the Company or any other Subsidiary; 

(d)        obligations (contingent or otherwise) of the Company or any Subsidiary
existing or arising under any Swap Contract, provided that (i) such obligations are (or were) entered into by such Person in the ordinary course of business for the purpose of directly mitigating risks associated with liabilities,
commitments, investments, assets, or property held or reasonably anticipated by such Person, or changes in the value of securities issued by such Person, and not for purposes of speculation or taking a “market view;” and (ii) such
Swap Contract does not contain any provision exonerating the non-defaulting party from its obligation to make payments on outstanding transactions to the defaulting party; 

(e)        (A) Indebtedness (including Capital Leases Obligations) of the Company
or any of the Subsidiaries financing the acquisition, construction, repair, replacement or improvement of fixed or capital assets and (B) any refinancing of the foregoing the aggregate principal amount of Indebtedness that is outstanding in
reliance on this subclause (e) shall not exceed 10% of the Company’s Consolidated Net Worth, determined as of the end of the most recently completed fiscal quarter of the Company; 

(f)        obligations of the Company or any Subsidiary for Taxes that are not overdue
for a period of more than thirty (30) days or which are being contested in good faith and by appropriate proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person in
accordance with GAAP; 
 (g)        Indebtedness in respect of Investments permitted
by Section 7.02(c) and Indebtedness in the form of deferred purchase price, earn out or similar obligations to sellers in respect of Acceptable Acquisitions permitted under Section 7.02(l); 

(h)        Indebtedness arising from the endorsement of instruments for collection or
deposit in the ordinary course of business; 
 (i)        Subordinated Indebtedness
incurred in connection with any Acceptable Acquisition; provided that immediately before and immediately after giving effect to the incurrence of such Indebtedness, no Event of Default shall have occurred and be continuing; 

(j)        other Indebtedness, the aggregate outstanding principal amount of which
incurred under this clause (j) shall, at the time of (and after giving effect to) any incurrence thereof not exceed the greater of $130,000,000 and 50.0% of Consolidated TTM EBITDA; 

(k)        Indebtedness arising under Qualified Securitization Facility; 

(l)        unsecured Indebtedness; provided that both immediately before and
immediately after giving effect to the incurrence of such Indebtedness, (i) the Company is in compliance with the financial covenants set forth in Section 7.11 on a pro forma basis calculated as of the most recent measurement
period 

  
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 for which financial statements have been provided pursuant to Section 6.01 and
(ii) no Event of Default shall have occurred and be continuing; 

(m)        (A) (1) Indebtedness of any Person that becomes a Subsidiary (or
of any Person not previously a Subsidiary that is merged or consolidated with or into the Company or a Subsidiary) after the effective date as a result of an Acceptable Acquisition or other Investment (and any guarantee of such Indebtedness by a
Subsidiary of such Person), (2) Indebtedness of any Person that is assumed by the Company or any Subsidiary in connection with an acquisition of assets by the Company or such Subsidiary in an Acceptable Acquisition or other Investment and
(3) any guarantee of Indebtedness described in the foregoing clauses (1) and (2) by any Person that so becomes a Subsidiary, that is the survivor of a merger or consolidation with such Person or that is a Subsidiary of such Person;
provided that such Indebtedness (or guarantee thereof) is not incurred in contemplation of such Acceptable Acquisition or other Investment, in each case subject to pro forma compliance with the covenants in Section 7.10 and (B) any
refinancings, refundings, renewals or extensions of Indebtedness incurred pursuant to the foregoing subclause (A); 

(n)        Indebtedness representing deferred compensation to employees and other
service providers of the Company and the Subsidiaries incurred in the ordinary course of business; 

(o)        Indebtedness consisting of obligations under deferred compensation or other
similar arrangements incurred in connection with or any Acceptable Acquisition or other Investment permitted hereunder; 

(p)        Cash Management Agreements and other Indebtedness in respect of netting
services, overdraft protections and similar arrangements and Indebtedness arising from the honoring of a bank or other financial institution of a check, draft or similar instrument drawn against insufficient funds, (including Indebtedness owed on a
short term basis of no longer than 30 days to banks and other financial institutions incurred in the ordinary course of business of the Company and its Subsidiaries with such banks or financial institutions that arises in connection with ordinary
banking arrangements to manage cash balances of the Company and its Subsidiaries); 

(q)        Indebtedness consisting of (i) the financing of insurance premiums or
(ii) take-or-pay obligations contained in supply arrangements, in each case in the ordinary course of business; 

(r)        obligations in respect of performance, bid, appeal and surety bonds and
performance, bankers’ acceptance facilities and completion guarantees and similar obligations provided by the Company or any of its Subsidiaries or obligations in respect of letters of credit, bank guarantees or similar instruments related
thereto, in each case in the ordinary course of business or consistent with past practice; and 

(s)        Indebtedness supported by a letter of credit issued pursuant to this
Agreement or any other letter of credit, bank guarantee or similar instrument permitted by this Section 7.03, in a principal amount not to exceed the face amount of such letter of credit, bank guarantee or such other instrument. 

7.04      Fundamental Changes. Merge, dissolve, liquidate, consolidate or amalgamate with
or into another Person, or 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 Person, except that: 

(a)        any Subsidiary may merge or amalgamate with (i) the Company,
provided that the Company shall be the continuing or surviving Person, or (ii) any one or more other Subsidiaries; 

(b)        any Subsidiary may Dispose of all or substantially all of its assets (upon
voluntary liquidation or otherwise) to the Company or to another Subsidiary; 

  
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 (c)        any Subsidiary may
dissolve, liquidate or wind up its affairs at any time provided that such dissolution, liquidation or winding up, as applicable, could not reasonably be expected to have a Material Adverse Effect; 

(d)        in connection with Acceptable Acquisition permitted under
Section 7.02(l), any Subsidiary of the Company may merge into or consolidate or amalgamate with any other Person or permit any other Person to merge into or consolidate or amalgamate with it, so long as the surviving Person is a
Subsidiary; and 
 (e)        the Company may merge with and into a Domestic
Subsidiary in order to effect a change of the state of incorporation of the Company; 
 provided that, with respect to each of the
above involving any Loan Party, (x) the Company shall notify the Administrative Agent as may be required by Section 6.16 and (y) the surviving Person shall, if applicable and not an Excluded Subsidiary, assume the obligations
of the merged Person pursuant to any of the Loan Documents and shall execute such documents and agreements as may be reasonably required by the Administrative Agent in connection therewith. 

7.05      Dispositions. Make any Disposition or enter into any agreement to make any
Disposition, except: 
 (a)        Dispositions of inventory and Investments in the
ordinary course of business; 
 (b)         Dispositions (i) of obsolete or
worn out property or any other property, whether now owned or hereafter acquired, that is no longer used or useful in the conduct of the businesses of the Company and its Subsidiaries, (ii) in the ordinary course of business consisting of the
abandonment, expiration, cancellation, non-renewal or discontinuance of intellectual property rights which, in the reasonable good faith determination of the Company, is not materially disadvantageous to the business of the Company, and
(iii) in the form of the surrender or waiver of contractual rights and the settlement or waiver of contractual or litigation claims in the ordinary course of business; 

(c)        Dispositions of equipment or real property to the extent that (i) such
property is exchanged for credit against the purchase price of similar replacement property or (ii) the proceeds of such Disposition are reasonably promptly applied to the purchase price of such replacement property; 

(d)        Dispositions of property by any Subsidiary to the Company or to a
Subsidiary; 
 (e)        Dispositions permitted by Section 7.02,
Section 7.04 or Section 7.06 or in connection with transactions permitted under Section 7.03(e); 

(f)        other Dispositions not otherwise permitted under this
Section 7.05; provided that, for any Disposition in excess of $5,000,000 (i) at least 75% of the consideration paid in connection therewith shall be cash or Cash Equivalents (provided, however, that for the
purposes of this clause
(gf), the following shall be deemed to be cash: non-cash consideration received by the Company and its Subsidiaries for all Dispositions under this clause (gf) having an aggregate Fair Market Value (determined as of the closing of the applicable Disposition for which such non-cash consideration is received) not to exceed 3% of the Company’s Consolidated
Assets determined as of the end of the most recently completed fiscal quarter of the Company) paid contemporaneously with consummation of the transaction and shall be in an amount not less than the Fair Market Value of the property disposed of,
(ii) such transaction does not involve the sale or other disposition of a minority Equity Interests in any Subsidiary Guarantor, and (iii) such transaction does not involve a sale or other disposition of receivables other than receivables
owned by or 

  
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 attributable to other property concurrently being disposed of in a transaction otherwise
permitted under this Section 7.05; 
 (g)        sales of Receivables
and Related Assets in connection with Permitted Factoring Program; 

(h)        sales of Securitization Assets in connection with any Qualified
Securitization Facility or the disposition of an account receivable in connection with the collection or compromise thereof in the ordinary course of business or consistent with industry practice or in bankruptcy or similar proceeding; 

(i)        Dispositions by a captive insurance subsidiary of Investments; and 

(j)        leases, subleases, service agreements, covenants not to sue, licenses or
sublicenses (including agreements involving the provision of software under an open source license, in copy or as a service, and related data and services), in each case that do not materially interfere with the business of the Company and the
Subsidiaries, taken as a whole. 
 Notwithstanding the foregoing or anything else herein to the contrary, the Company will not, and will not
permit any Subsidiary to, permit any transfer of Material Intellectual Property owned by a Loan Party to a Subsidiary that is not a Loan Party; provided that the Company may transfer Intellectual Property relevant to a particular international
business to any applicable Subsidiary in connection with bona fide tax planning. 

7.06        Restricted Payments. Declare or make, directly or indirectly, any
Restricted Payment, or incur any obligation (contingent or otherwise) to do so, except that, so long as no Default shall have occurred and be continuing at the time of any action described below or would result therefrom: 

(a)        each Subsidiary may make Restricted Payments to the Company, any other
Subsidiary and any other Person that owns an Equity Interest in such Subsidiary, ratably according to their respective holdings of the type of Equity Interest in respect of which such Restricted Payment is being made; 

(b)        the Company and each Subsidiary may declare and make dividend payments or
other distributions payable solely in the common stock or other common Equity Interests of such Person; 

(c)        the Company and each Subsidiary may purchase, redeem or otherwise acquire
Equity Interests issued by it with the proceeds received from the substantially concurrent issue of new shares of its common stock or other common Equity Interests; 

(d)        the Company may declare or pay cash dividends or other similar payments to
its stockholders, or repurchase its Equity Interests, or make other Restricted Payments but only so long as, both before and after giving effect
theretoto the aggregate amount of such dividends and similar payments and repurchases and Restricted Payments paid or made, the Company’s Consolidated Net Worth would exceed $600,000,000; provided that,
notwithstanding the foregoing, the Company shall not be deemed to be in default of its obligations under this clause (d) if, as a result of suffering a net loss in any fiscal period, Restricted Payments paid prior to the incurrence of
such loss would then (solely as a result of such loss) exceed the amount permitted to be paid hereunder;
provided further that, notwithstanding any of the foregoing to the contrary, during the Relief Period, the Company shall be permitted to declare or pay cash dividends or other similar payments to its stockholders, or repurchase its Equity Interests,
or make other Restricted Payments only so long as, both before and after giving effect to the aggregate amount of such dividends and similar payments and repurchases and Restricted Payments paid or made, the Consolidated Secured Leverage Ratio would
be less than 4.00 : 1.00. 

(e)        the Company or any Subsidiary may make distributions or payments of
Securitization Fees; 

  
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 (f)        the Company or any
Subsidiary may make payments made or expected to be made by the Company or any Subsidiary in respect of withholding or similar taxes payable upon exercise of Equity Interests by any future, present or former employee, director, officer, manager,
consultant or other service provider and any repurchases of Equity Interests deemed to occur upon exercise of stock options or warrants if such Equity Interests represent a portion of the exercise price of such options or warrants or required
withholding or similar taxes; 
 (g)        the Company or any Subsidiary may make
payments or other adjustments to outstanding Equity Interests in accordance with any management equity plan, equity option plan or any other similar employee benefit plan, agreement or arrangement in connection with any Restricted Payment; 

(h)        the Company and its Subsidiaries may consummate any Corporate
Restructuring. 
 7.07      Change in Nature of Business. Change or alter, in any
material respect, the nature of its business from the nature of the business engaged in by it on the Closing Date (or reasonable extensions thereof). 

7.08      Transactions with Affiliates. Enter into any transaction of any kind with any
Affiliate of the Company, whether or not in the ordinary course of business, other than on fair and reasonable terms substantially as favorable to the Company or such Subsidiary as would be obtainable by the Company or such Subsidiary at the time in
a comparable arm’s length transaction with a Person other than an Affiliate; provided that the foregoing restriction shall not apply to (a) sales of Securitization Assets in connection with any Qualified Securitization Facility and
any other transaction effected in connection with a Qualified Securitization Facility or a financing related thereto; and (b) transactions not otherwise prohibited under any Loan Document (i) between or among the Company and any
Subsidiary; and (ii) and in existence on the Closing Date and listed on Schedule 7.08. 

7.09      Burdensome Agreements. Enter into any Contractual Obligation (other than this
Agreement or any other Loan Document) that (a) limits the ability (i) of any Subsidiary to make Restricted Payments to the Company or any Subsidiary Guarantor or to otherwise transfer property to the Company or any Subsidiary Guarantor,
(ii) of any Subsidiary to guarantee the Indebtedness of the Company or (iii) of the Company or any Subsidiary to create, incur, assume or suffer to exist Liens on property of such Person; provided that this clause (iii) shall
not prohibit any negative pledge incurred or provided in favor of any holder of Indebtedness permitted under Section 7.03(e) (solely to the extent any such negative pledge relates to the property financed by or the subject of such
Indebtedness); 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; provided the restrictions in this Section 7.09 shall not apply to: 

(a)        customary restrictions and conditions contained in agreements relating to
the sale of a Subsidiary or any assets pending such sale; provided that such restrictions and conditions apply only to the Subsidiary or assets that is or are to be sold and such sale is permitted hereunder; 

(b)        customary provisions in leases, service agreements, licenses, sublicenses,
covenants not to sue and other contracts restricting the assignment thereof; 

(c)        restrictions imposed by any agreement relating to secured Indebtedness
permitted by this Agreement to the extent such restriction applies only to the property securing such Indebtedness; 

(d)        any restrictions or conditions set forth in any agreement in effect at any
time any Person becomes a Subsidiary (but not any modification or amendment expanding the scope of any such restriction or condition); provided that such agreement was not entered into in contemplation of such Person becoming 

  
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 a Subsidiary and the restriction or condition set forth in such agreement does not apply to
the Company or any Subsidiary; 
 (e)        customary restrictions or conditions in
any Indebtedness permitted pursuant to Section 7.03 that is incurred or assumed by Subsidiaries that are not Loan Parties to the extent such restrictions or conditions are no more restrictive in any material respect than the restrictions
and conditions in the Loan Documents or are market terms at the time of issuance and are imposed solely on such Subsidiary and its Subsidiaries; and 

(f)        customary restrictions in joint venture agreements and other similar
agreements applicable to joint ventures permitted hereunder and applicable solely to such joint venture. 

7.10      Use of Proceeds. Use the proceeds of any Credit Extension, whether directly or
indirectly, and whether immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund
indebtedness originally incurred for such purpose. 
 7.11      Financial Covenants.

 (a)        Consolidated Interest Coverage Ratio. Permit the ratio of
(a) Consolidated EBITDA to (b) Consolidated Interest Expense to be less than, as of the end of any fiscal quarter of the Company ending on or after the Closing Date 2.75:1.00. For purposes of calculating cash taxes paid net of cash tax refunds received for this Section 7.11(a) for any period of four consecutive quarters, if during such period
the Company or any Subsidiary shall have disposed of any Person or disposed of all or substantially all of the operating assets of any Person, such amounts for such period shall be calculated on a pro forma basis. For purposes of this definition,
(x) “pro forma basis” means, with respect to any determination for any period, that such determination shall be made giving pro forma effect to any such disposition, as if such disposition had been consummated on the first day of such
period, and the taxable income or loss associated with such disposed operating assets had not been received by the Company and its Subsidiaries, in each case based on historical results accounted for in accordance with GAAP, and
(y) “disposition” means any disposition of property by the Company or any Subsidiary that constitutes all or substantially all of the assets of a Person or all or substantially all of the Equity Interests of such
Person. 

(b)        
Consolidated Secured Leverage Ratio. Permit the Consolidated
Secured Leverage Ratio as of the end of any fiscal quarter of the Company ending on or after the Closing Date to be greater than 4.25 : 1.00; provided, after the consummation of a Specified Acceptable Acquisition, the Company may elect to
increase the maximum Consolidated Secured Leverage Ratio to (i) 5.00 : 1.00 for the first four fiscal quarters occurring after the date of such Acceptable Acquisition (“Initial Leverage Ratio Increase”) and (ii) 4.50 :
1.00 for the first two fiscal quarters occurring after the end of the Initial Leverage Ratio Increase; provided
further that, notwithstanding any of the foregoing to the contrary, during the Relief Period, the Company shall not permit the Consolidated Secured Leverage Ratio as of the end of any fiscal quarter of the Company occurring during the Relief Period
to be greater than 5.00 : 1.00 (for the avoidance of doubt, (A) the last fiscal period for which the Company shall have the benefit of this further proviso shall be the earlier of (I) the fiscal quarter ending immediately prior to the
Relief Period Termination Date and (II) the fiscal quarter ending December 31, 2023, and (B) the Company shall not have the ability to elect to further increase the maximum Consolidated Secured Leverage Ratio in connection with any
Specified Acceptable Acquisition during the Relief Period). 

(c)        Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio
as of the end of any fiscal quarter of the Company ending on or after the Closing Date to be greater than 6.00: 1.00. 

  
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 7.12      Accounting Policies and
Procedures. Permit any change in fiscal year without the prior written consent of the Administrative Agent. 

7.13      Subordinated Indebtedness.  

(a)        Designate any Indebtedness (other than (i) the Obligations or
(ii) any Indebtedness of the type permitted under Section 7.03(j) (so long as the Obligations are afforded a similar or more senior designation) of the Company or any of its Subsidiaries as “Designated Senior Debt” (or any
similar term) under, and as defined in, any Subordinated Debt Documents. 

(b)        Directly or indirectly, prepay, redeem, purchase, defease or otherwise
satisfy prior to the scheduled maturity thereof in any manner, or make any payment, in each case, in violation of any subordination terms of, any Subordinated Indebtedness that has an outstanding principal amount in excess of the Threshold Amount.

 (c)        Amend, supplement or otherwise modify any of the subordination terms
of any Subordinated Indebtedness having a principal amount in excess of the Threshold Amount or the tenor thereof in any way which would materially adversely affect the interests of the Lenders. 

7.14      Seller Indebtedness. Fail to pay in Equity Interests of the Company any seller
Indebtedness of the Company, to the extent excluded from “Consolidated Total Funded Debt” in accordance with the proviso to the definition thereof. 

7.15      Sanctions and Anti-Corruption Laws. 

(a)        Directly or indirectly, use any Credit Extension or the proceeds of any
Credit Extension, or lend, contribute or otherwise make available such Credit Extension or such proceeds to any Person, to fund any activities of or business with any Person, 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 Person (including any Person participating in the transactions contemplated hereby, whether as Lender, Arranger, Administrative Agent, L/C Issuer, Swing Line
Lender or otherwise) of Sanctions. 
 (b)        Directly or indirectly, use any
Credit Extension or the proceeds of any Credit Extension for any purpose which would breach the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010, the Corruption of Foreign Public Officials Act (Canada), the Corruption
(Jersey) Law 2006 or other similar laws in other applicable jurisdictions. 
 ARTICLE VIII. 

EVENTS OF DEFAULT AND REMEDIES 

8.01      Events of Default. Any of the following shall constitute an Event of Default:

 (a)        Non-Payment. Any 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 (3) Business Days after the same becomes due, any interest on any Loan or on any L/C Obligation, or any fee
due or other amount payable hereunder or under any other Loan Document; or 

(b)        Specific Covenants. Any Borrower fails to perform or observe any
term, covenant or agreement contained in any of Section 6.03(a) or Article VII, or any Subsidiary Guarantor fails to perform or observe any term, covenant or agreement contained the foregoing listed Sections and Article as it may
be applicable to such Subsidiary Guarantor pursuant to Section 4.1 of the Subsidiary Guaranty; or 

  
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 (c)        Other Defaults.
(i) Any Loan Party fails to perform or observe any term, covenant or agreement contained in Section 6.01, 6.02, 6.03 (other than clause (a) thereof), 6.10, 6.11, 6.12 and such failure
continues for 15 days after the date upon which the Administrative Agent has given the Company written notice of such failure or (ii) any Loan Party fails to perform or observe any other covenant or agreement (not specified in clause
(a) or (b) above or the foregoing clause (i)) contained in any Loan Document on its part to be performed or observed and such failure continues for 30 days after the date upon which the Administrative Agent has given the Company
written notice of such failure; or 
 (d)        Representations and
Warranties. Any representation, warranty, certification or statement of fact made or deemed made by or on behalf of the Company or any other Loan Party herein, in any other Loan Document, or in any document delivered in connection herewith or
therewith shall be incorrect or misleading in any material respect when made or deemed made; or 

(e)        Cross-Default. (i) The Company or any Subsidiary (A) fails
to make any payment when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Indebtedness or guarantee (other than Indebtedness hereunder and Indebtedness under Swap Contracts) having an
aggregate principal amount (including undrawn committed or available amounts and including amounts owing to all creditors under any combined or syndicated credit arrangement) of more than the Threshold Amount, or (B) fails to observe or perform
any other agreement or condition relating to any such Indebtedness or guarantee or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which default or other event is to cause,
or to permit the holder or holders of such Indebtedness or the beneficiary or beneficiaries of such guarantee (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice if
required, such Indebtedness to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness to be made, prior to its stated
maturity, or such guarantee to become payable or cash collateral in respect thereof to be demanded; or (ii) there occurs under any Swap Contract an Early Termination Date (as defined in such Swap Contract) resulting from (A) any event of
default under such Swap Contract as to which the Company or any Subsidiary is the Defaulting Party (as defined in such Swap Contract) or (B) any Termination Event (as so defined) under such Swap Contract as to which the Company or any
Subsidiary is an Affected Party (as so defined) and, in either event, the Swap Termination Value owed by the Company or such Subsidiary as a result thereof is greater than the Threshold Amount; or 

(f)        Insolvency Proceedings, Etc. The Company or any Significant
Subsidiary institutes or consents to the institution of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, interim receiver, receiver and
manager, monitor, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for all or any material part of its property; or any receiver, interim receiver, receiver and manager, monitor, trustee, custodian,
conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of such Person and the appointment continues undischarged or unstayed for sixty (60) calendar days; or any proceeding under any Debtor
Relief Law relating to any such Person or to all or any material part of its property is instituted without the consent of such Person and continues undismissed or unstayed for sixty (60) calendar days, or an order for relief is entered in any
such proceeding; or 
 (g)        Inability to Pay Debts; Attachment.
(i) Any Loan Party or any of its Significant Subsidiaries becomes unable or admits in writing its inability or fails generally to pay its debts in excess of the Threshold Amount as they become due, or (ii) any writ or warrant of attachment
or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within sixty (60) days after its issue or levy; or 

(h)        Judgments. There is entered against the Company or any Subsidiary
(i) one or more final judgments or orders for the payment of money in an aggregate amount (as to all such judgments or orders) 

  
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 exceeding the Threshold Amount (to the extent not covered by independent third-party
insurance as to which the insurer does not dispute coverage), or (ii) any one or more non-monetary final judgments that have, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and, in either
case, (A) enforcement proceedings are commenced by any creditor upon such judgment or order, or (B) there is a period of thirty (30) consecutive days during which a stay of enforcement of such judgment, by reason of a pending appeal
or otherwise, is not in effect; or 
 (i)        ERISA. (i) An ERISA
Event occurs with respect to a Pension Plan or Multiemployer Plan which has resulted or could reasonably be expected to result in liability of the Company under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate
amount that would reasonably be expected to result in a Material Adverse Effect, or (ii) the Company or any ERISA Affiliate fails to pay when due, after the expiration of any applicable grace period, any installment payment with respect to its
withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan in an aggregate amount that would reasonably be expected to result in a Material Adverse Effect; or 

(j)        Invalidity of Loan Documents. Any material provision of any Loan
Document, at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or thereunder or satisfaction in full of all the Obligations, ceases to be in full force and effect; or any Loan Party contests in
any manner the validity or enforceability of any material provision of any Loan Document, or denies in writing that it has any or further liability or obligation under any Loan Document, or purports to revoke, terminate or rescind a material
provision of a Loan Document; or 
 (k)        Collateral Documents. Any
Collateral Document (other than the Collateral Documents listed on Schedule 1.01) after delivery thereof shall for any reason (other than pursuant to the terms thereof) cease to create a valid and perfected first priority Lien (subject to
Liens permitted by Section 7.01) on any material portion of the Collateral purported to be covered thereby, except (i) as a result of the sale or other disposition of the applicable Collateral to a Person that is not a Loan Party in
a transaction permitted under the Loan Documents, (ii) as a result of the Administrative Agent’s failure to (A) maintain possession of any physical Collateral delivered to it under the Collateral Documents or (B) file Uniform
Commercial Code (or equivalent) continuation statements, or (iii) as a result of acts or omissions of the Administrative Agent or any Lender; or 

(l)        Subordinated Indebtedness. (i) The subordination provisions of
any Subordinated Debt Documents (the “Subordination Provisions”) shall, in whole or in part, terminate, cease to be effective or cease to be legally valid, binding and enforceable against any holder of the applicable Subordinated
Indebtedness; or (ii) any Loan Party shall, directly or indirectly, disavow or contest in any manner (A) the effectiveness, validity or enforceability of any of the Subordination Provisions, (B) that the Subordination Provisions exist
for the benefit of the Administrative Agent, the Lenders and the L/C Issuer or (C) that all payments of principal of or premium and interest on the applicable Subordinated Indebtedness, or realized from the liquidation of any property of any
Loan Party, shall be subject to any of the Subordination Provisions, in each case in respect of Subordinated Indebtedness in excess of the Threshold Amount; or 

(m)        Change of Control. There occurs any Change of Control. 

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

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

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

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

(d)        exercise on behalf of itself, the Lenders and the L/C Issuer all rights and
remedies available to it, the Lenders and the L/C Issuer under the Loan Documents; 
 provided that, upon the occurrence of an actual
or deemed entry of an order for relief in accordance with Section 8.01(f) with respect to any Borrower, the obligation of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit Extensions shall automatically
terminate, the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid shall automatically become due and payable, and the obligation of the Company to Cash Collateralize the L/C Obligations as aforesaid
shall automatically become effective, in each case without further act of the Administrative Agent or any Lender. 

8.03      Application of Funds. After the exercise of remedies provided for in
Section 8.02 (or after the Loans have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in the proviso to Section 8.02), any
amounts received on account of the Obligations, subject to the provisions of Sections 2.16 and 2.17, shall be applied by the Administrative Agent in the following order: 

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

Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than
principal, interest and Letter of Credit Fees) payable to the Lenders and the L/C Issuer (including fees, charges and disbursements of counsel to the respective Lenders and the L/C Issuer (including fees and time charges for attorneys who may be
employees of any Lender or the L/C Issuer, but only to the extent incurred after the Closing Date) and amounts payable under Article III), ratably among them in proportion to the respective amounts described in this clause Second
payable to them; 
 Third, to payment of that portion of the Obligations constituting accrued and unpaid Letter of
Credit Fees and interest on the Loans, L/C Borrowings and other Obligations, ratably among the Lenders and the L/C Issuer in proportion to the respective amounts described in this clause Third payable to them; 

Fourth, to payment of that portion of the Obligations constituting unpaid principal of the Loans, L/C Borrowings and
Obligations then owing under any Secured Ancillary Agreements, ratably among the Lenders, the L/C Issuer and the Secured Ancillary Lenders in proportion to the respective amounts described in this clause Fourth held by them; 

Fifth, to the Administrative Agent for the account of the L/C Issuer, to Cash Collateralize that portion of L/C
Obligations comprised of the aggregate undrawn amount of Letters of Credit, to the extent not otherwise Cash Collateralized by the Company pursuant to Section 2.03 and 2.16; and 

Last, the balance, if any, after all of the Obligations (other than contingent indemnification obligations) have been
indefeasibly paid in full, to the Company or as otherwise required by Law. 

  
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 Subject to Sections 2.03(c) and 2.16, amounts used to Cash Collateralize the
aggregate undrawn amount of Letters of Credit pursuant to clause Fifth above shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral after all Letters of Credit have
either been fully drawn or expired, such remaining amount shall be applied to the other Obligations, if any, in the order set forth above. 

Notwithstanding the foregoing, Obligations arising under Secured Ancillary Agreements shall be excluded from the application described above
if the Administrative Agent has not received written notice thereof, together with such supporting documentation as the Administrative Agent may request, from the applicable Secured Ancillary Lender, as the case may be. Each Secured Ancillary Lender
not a party to the Credit Agreement that has given the notice contemplated by the preceding sentence shall, by such notice, be deemed to have acknowledged and accepted the appointment of the Administrative Agent pursuant to the terms of Article
IX hereof for itself and its Affiliates as if a “Lender” party hereto. 

8.04      Collateral Allocation Mechanism. On the CAM Exchange Date, (a) the Lenders
shall automatically and without further act be deemed to have exchanged interests in the Designated Obligations such that, in lieu of the interests of each Lender in the Designated Obligations under each Loan in which it shall participate as of such
date, such Lender shall own an interest equal to such Lender’s CAM Percentage in the Designated Obligations under each of the Loans and (b) simultaneously with the deemed exchange of interests pursuant to clause (a) above, the
interests in the Designated Obligations to be received in such deemed exchange shall, automatically and with no further action required, be converted into the Dollar amount, determined using the Spot Rate calculated as of such date, of such amount
and on and after such date all amounts accruing and owed to the Lenders in respect of such Designated Obligations shall accrue and be payable in Dollars at the rate otherwise applicable hereunder. Each Lender, each Person acquiring a participation
from any Lender as contemplated by Section 10.06 and each Borrower hereby consents and agrees to the CAM Exchange. Each of the Borrowers and the Lenders agrees from time to time to execute and deliver to the Administrative Agent all such
promissory notes and other instruments and documents as the Administrative Agent shall reasonably request to evidence and confirm the respective interests and obligations of the Lenders after giving effect to the CAM Exchange, and each Lender agrees
to surrender any promissory notes originally received by it in connection with its Loans hereunder to the Administrative Agent against delivery of any promissory notes so executed and delivered; provided that the failure of any Borrower to
execute or deliver, or of any Lender to accept, any such promissory note, instrument or document shall not affect the validity or effectiveness of the CAM Exchange. As a result of the CAM Exchange, on and after the CAM Exchange Date, each payment
received by the Administrative Agent pursuant to any Loan Document in respect of the Designated Obligations shall be distributed to the Lenders pro rata in accordance with their respective CAM Percentages (to be redetermined as of each such date of
payment). 
 ARTICLE IX. 

ADMINISTRATIVE AGENT 

9.01      Appointment and Authority. 

(a)        Each of the Lenders and the L/C Issuer hereby irrevocably appoints Bank of
America to act on its behalf as the Administrative Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent
by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of the Administrative Agent, the Lenders and the L/C Issuer, and no Loan Party
shall have rights as a third party beneficiary of any of such provisions other than Section 9.06. It is understood and agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar term)
with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency 

  
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 doctrine of any applicable Law. Instead such term is used as a matter of market custom, and
is intended to create or reflect only an administrative relationship between contracting parties. In addition, to the extent required under the laws of any jurisdiction other than the United States of America, each of the Lenders hereby grants to
the Administrative Agent any required powers of attorney to execute any Loan Document governed by the laws of such jurisdiction on such Lender’s behalf; provided that such Loan Document shall not increase such Lender’s obligations
to, or reduce such Lender’s rights against, the Loan Parties or any other Person party to any Loan Document. 

(b)        The Administrative Agent shall also act as the “collateral agent”
under the Loan Documents, and each of the Lenders (including in its capacities as a potential and/or current Secured Ancillary Lender) and the L/C Issuer hereby irrevocably appoints and authorizes the Administrative Agent to act as the agent of such
Lender and the L/C Issuer for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure any of the Obligations, together with such powers and discretion as are reasonably incidental
thereto. In this connection, the Administrative Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 9.05 for purposes of holding or
enforcing any Lien on the Collateral (or any portion thereof granted under the Collateral Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent), shall be entitled to the benefits of all
provisions of this Article IX and Article X (including Section 10.04(c), as though such co-agents, sub-agents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full
herein with respect thereto. 
 (c)        The parties hereby acknowledge,
understand and agree that BofA Securities, Inc. may, without notice to the Company or any other party hereto, assign any and all rights and obligations of BofA Securities, Inc. under this Agreement and any other Loan Document to any other registered
broker-dealer wholly-owned by Bank of America Corporation to which all or substantially all of Bank of America Corporation’s or any of its subsidiaries’ investment banking, commercial lending services or related businesses may be
transferred following the date hereof. 
 9.02      Rights as a Lender. The Person
serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent and the term “Lender” or
“Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits
from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Borrowers or any Subsidiary or other Affiliate thereof as if such Person were not the
Administrative Agent hereunder and without any duty to account therefor to the Lenders. 

9.03      Exculpatory Provisions. 

(a)        The Administrative Agent or the Arranger, as applicable, 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 or the Arranger, as
applicable, and its Related Parties: 
 (i)        shall not be subject to any
fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing; 

(ii)        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 

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

(iii)        shall not have any duty or responsibility to disclose, and shall not be
liable for the failure to disclose, to any Lender or the L/C Issuer any credit or other information concerning the business, prospects, operations, property, financial and other condition or creditworthiness of any of the Loan Parties or any of
their Affiliates that is communicated to, or in the possession of, the Administrative Agent, Arranger or any of their Related Parties in any capacity, except for notices, reports and other documents expressly required to be furnished to the Lenders
by the Administrative Agent herein. 
 (b)        Neither the Administrative Agent
nor any of its Related Parties shall be liable for any action taken or not taken by the Administrative Agent under or in connection with this Agreement or any other Loan Document or the transactions contemplated hereby or thereby (i) with the
consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary), or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as provided in
Sections 10.01 and 8.02) or (ii) in the absence of its own gross negligence, willful misconduct or bad faith as determined by a court of competent jurisdiction by final and non-appealable judgment. The Administrative Agent shall
be deemed not to have knowledge of any Default unless and until notice describing such Default is given in writing to the Administrative Agent by the Company, a Lender or the L/C Issuer. 

(c)        Neither the Administrative Agent nor any of its Related Parties have any
duty or obligation to any Lender or participant or any other Person to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of
any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein
or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document, or the creation, perfection or priority of any Lien
purported to be created by the Collateral Documents, (v) the value or the sufficiency of any Collateral, or (vi) the satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items
expressly required to be delivered to the Administrative Agent. 
 9.04      Reliance by
Administrative Agent. The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any
electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Administrative Agent also may rely upon any statement
made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan, or the issuance,
extension, renewal or increase of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or the L/C Issuer, the Administrative Agent may presume that such condition is satisfactory to such Lender or the L/C Issuer
unless the Administrative Agent shall have received notice to the contrary from such Lender or the L/C Issuer prior to the making of such Loan or the issuance of such Letter of Credit. The Administrative Agent may consult with legal counsel (who may
be 

  
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 counsel for the Company), 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. 

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

9.06      Resignation of Administrative Agent. 

(a)        The Administrative Agent may at any time give notice of its resignation to
the Company and Lenders, the L/C Issuer and the Company. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, with the consent of the Company, to appoint a successor, which shall be a bank with an office in the
United States, or an Affiliate of any such bank with an office in the United States. If no such successor shall have been so appointed by the Required Lenders and the Company and shall have accepted such appointment within 30 days after the retiring
Administrative Agent gives notice of its resignation (or such earlier day as shall be agreed by the Required Lenders) (the “Resignation Effective Date”), then the retiring Administrative Agent may (but shall not be obligated to) on
behalf of the Lenders and the L/C Issuer, appoint a successor Administrative Agent meeting the qualifications set forth above (provided that in no event shall any such successor Administrative Agent be a Defaulting Lender). Whether or not a
successor has been appointed, such resignation shall become effective in accordance with such notice on the Resignation Effective Date. 

(b)        If the Person serving as Administrative Agent is a Defaulting Lender
pursuant to clause (d) of the definition thereof, the Required Lenders or the Company may, to the extent permitted by applicable law, by notice in writing to the Company and such Person remove such Person as Administrative Agent and,
with the consent of the Company, appoint a successor. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days (or such earlier day as shall be agreed by the Required Lenders
and accepted by the Company) (the “Removal Effective Date”), then such removal shall nonetheless become effective in accordance with such notice on the Removal Effective Date. 

(c)        With effect from the Resignation Effective Date or the Removal Effective
Date (as applicable) (1) the retiring or removed Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by the
Administrative Agent on behalf of the Lenders or the L/C Issuer under any of the Loan Documents, the retiring or removed Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is
appointed) and (2) except for any indemnity payments or other amounts then owed to the retiring or removed Administrative Agent, all payments, communications and determinations provided to be made by, to or through the Administrative Agent
shall instead be made by or to each Lender and the L/C Issuer directly, until such time as the Required Lenders appoint a successor Administrative Agent as provided for above in this Section. Upon the acceptance of a successor’s appointment as
Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or removed) Administrative Agent 

  
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 (other than as provided in Section 3.01(g) and other than any rights to
indemnity payments or other amounts owed to the retiring or removed Administrative Agent as of the Resignation Effective Date or the Removal Effective Date, as applicable), and the retiring or removed Administrative Agent shall be discharged from
all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this Section). The fees payable by the Company to a successor Administrative Agent shall be the same as those
payable to its predecessor unless otherwise agreed between the Company and such successor. After the retiring or removed Administrative Agent’s resignation or removal hereunder and under the other Loan Documents, the provisions of this Article
and Section 10.04 shall continue in effect for the benefit of such retiring or removed Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or
omitted to be taken by any of them (i) while the retiring or removed Administrative Agent was acting as Administrative Agent and (ii) after such resignation or removal for as long as any of them continues to act in any capacity hereunder
or under the other Loan Documents, including (a) acting as collateral agent or otherwise holding any collateral security on behalf of any of the Lenders and (b) in respect of any actions taken in connection with transferring the agency to
any successor Administrative Agent. 
 (d)        Any resignation by Bank of America
as Administrative Agent pursuant to this Section shall also constitute its resignation as L/C Issuer and Swing Line Lender. If Bank of America resigns as an L/C Issuer, it shall retain all the rights, powers, privileges and duties of the L/C Issuer
hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as L/C Issuer and all L/C Obligations with respect thereto, including the right to require the Appropriate Lenders to make Base Rate Loans or
fund risk participations in Unreimbursed Amounts pursuant to Section 2.03(c). If either Bank of America resigns as U.S. Swing Line Lender or Bank of America resigns as Global Swing Line Lender, Bank of America or Bank of America, as
applicable, shall retain all the rights of the applicable Swing Line Lender provided for hereunder with respect to the Swing Line Loans made by it and outstanding as of the effective date of such resignation, including the right to require the
Appropriate Lenders to make Base Rate Loans or fund risk participations in outstanding Swing Line Loans pursuant to Section 2.04(c). Upon the appointment by the Company of a successor L/C Issuer or Swing Line Lender hereunder (which
successor shall in all cases be a Lender other than a Defaulting Lender), (a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer and Swing Line Lender, (b) the
retiring L/C Issuer and Swing Line Lender shall be discharged from all of their respective duties and obligations hereunder or under the other Loan Documents, and (c) the successor L/C Issuer shall issue letters of credit in substitution for
the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to the retiring L/C Issuer to effectively assume the obligations of the retiring L/C Issuer with respect to such Letters of Credit.

 9.07      Non-Reliance on Administrative Agent, the Arranger, the Sustainability
Coordinator and Other Lenders. Each Lender and the L/C Issuer expressly acknowledges that none of the Administrative Agent, the Sustainability Coordinator nor the Arranger has made any representation or warranty to it, and that no act by the
Administrative Agent, the Sustainability Coordinator or the Arranger hereafter taken, including any consent to, and acceptance of any assignment or review of the affairs of any Loan Party or any Affiliate thereof, shall be deemed to constitute any
representation or warranty by the Administrative Agent, the Sustainability Coordinator or the Arranger to any Lender or the L/C Issuer as to any matter, including whether the Administrative Agent or the Arranger have disclosed material information
in their (or their Related Parties’) possession. Each Lender and the L/C Issuer represents to the Administrative Agent, the Sustainability Coordinator and the Arranger that it has, independently and without reliance upon the Administrative
Agent, the Sustainability Coordinator, the Arranger, any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis of, appraisal of, and investigation into,
the business, prospects, operations, property, financial and other condition and creditworthiness of the Loan Parties and their Subsidiaries, and all applicable bank or other regulatory Laws relating to the transactions contemplated hereby, and made
its own decision to enter into this Agreement and to extend credit to the Company 

  
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 hereunder. Each Lender and the L/C Issuer also acknowledges that it will, independently and
without reliance upon the Administrative Agent, the Sustainability Coordinator, the Arranger, any other Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to
make its own credit analysis, appraisals and decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder, 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 Loan Parties. Each Lender and the L/C Issuer represents and warrants that
(i) the Loan Documents set forth the terms of a commercial lending facility and (ii) it is engaged in making, acquiring or holding commercial loans in the ordinary course and is entering into this Agreement as a Lender or L/C Issuer for
the purpose of making, acquiring or holding commercial loans and providing other facilities set forth herein as may be applicable to such Lender or L/C Issuer, and not for the purpose of purchasing, acquiring or holding any other type of financial
instrument, and each Lender and the L/C Issuer agrees not to assert a claim in contravention of the foregoing. Each Lender and the L/C Issuer represents and warrants that it is sophisticated with respect to decisions to make, acquire and/or hold
commercial loans and to provide other facilities set forth herein, as may be applicable to such Lender or such L/C Issuer, and either it, or the Person exercising discretion in making its decision to make, acquire and/or hold such commercial loans
or to provide such other facilities, is experienced in making, acquiring or holding such commercial loans or providing such other facilities. 

9.08      No Other Duties, Etc. Anything herein to the contrary notwithstanding, none of
the Arrangers, Syndication Agents or 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 the
Administrative Agent, a Lender or the L/C Issuer hereunder. 
 9.09      Administrative
Agent May File Proofs of Claim; Credit Bidding. In case of the pendency of any proceeding under any Debtor Relief Law or any other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of
any Loan or L/C Obligation shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on any Borrower) shall be entitled and empowered, by
intervention in such proceeding or otherwise: 
 (a)        to file and prove a
claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, L/C Obligations and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have
the claims of the Lenders, the L/C Issuer and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the L/C Issuer and the Administrative Agent and their respective agents
and counsel and all other amounts due the Lenders, the L/C Issuer and the Administrative Agent under Sections 2.03(h) and (i), 2.09 and 10.04) allowed in such judicial proceeding; and 

(b)        to collect and receive any monies or other property payable or deliverable
on any such claims and to distribute the same; 
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar
official in any such judicial proceeding is hereby authorized by each Lender and the L/C Issuer to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly
to the Lenders and the L/C Issuer, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the
Administrative Agent under Sections 2.09 and 10.04. 
 Nothing contained herein shall be deemed to authorize
the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender or the L/C Issuer any plan of reorganization, 

  
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arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or the L/C Issuer to authorize the Administrative Agent to vote in respect of the claim of any Lender
or the L/C Issuer in any such proceeding. 
 The Secured Parties hereby irrevocably authorize the Administrative Agent, at
the direction of the Required Lenders, to credit bid all or any portion of the Obligations (including accepting some or all of the Collateral in satisfaction of some or all of the Obligations pursuant to a deed in lieu of foreclosure or otherwise)
and in such manner purchase (either directly or through one or more acquisition vehicles) all or any portion of the Collateral (a) at any sale thereof conducted under the provisions of the Bankruptcy Code of the United States, including under
Sections 363, 1123 or 1129 of the Bankruptcy Code of the United States, or any similar Laws in any other jurisdictions to which a Loan Party is subject, (b) at any other sale or foreclosure or acceptance of collateral in lieu of debt conducted
by (or with the consent or at the direction of) the Administrative Agent (whether by judicial action or otherwise) in accordance with any applicable Law. In connection with any such credit bid and purchase, the Obligations owed to the Secured
Parties shall be entitled to be, and shall be, credit bid on a ratable basis (with Obligations with respect to contingent or unliquidated claims receiving contingent interests in the acquired assets on a ratable basis that would vest upon the
liquidation of such claims in an amount proportional to the liquidated portion of the contingent claim amount used in allocating the contingent interests) in the asset or assets so purchased (or in the Equity Interests or debt instruments of the
acquisition vehicle or vehicles that are used to consummate such purchase). In connection with any such bid (i) the Administrative Agent shall be authorized to form one or more acquisition vehicles to make a bid, (ii) to adopt documents
providing for the governance of the acquisition vehicle or vehicles (provided that any actions by the Administrative Agent with respect to such acquisition vehicle or vehicles, including any disposition of the assets or Equity Interests thereof
shall be governed, directly or indirectly, by the vote of the Required Lenders, irrespective of the termination of this Agreement and without giving effect to the limitations on actions by the Required Lenders contained in clauses (a) through
(i) of Section 10.01 of this Agreement), (iii) the Administrative Agent shall be authorized to assign the relevant Obligations to any such acquisition vehicle pro rata by the Lenders, as a result of which each of the Lenders
shall be deemed to have received a pro rata portion of any Equity Interests and/or debt instruments issued by such an acquisition vehicle on account of the assignment of the Obligations to be credit bid, all without the need for any Secured Party or
acquisition vehicle to take any further action, and (iv) to the extent that Obligations that are assigned to an acquisition vehicle are not used to acquire Collateral for any reason (as a result of another bid being higher or better, because
the amount of Obligations assigned to the acquisition vehicle exceeds the amount of debt credit bid by the acquisition vehicle or otherwise), such Obligations shall automatically be reassigned to the Lenders pro rata and the Equity Interests and/or
debt instruments issued by any acquisition vehicle on account of the Obligations that had been assigned to the acquisition vehicle shall automatically be cancelled, without the need for any Secured Party or any acquisition vehicle to take any
further action. 
 9.10      Collateral and Guaranty Matters. Without limiting the
provisions of Section 9.09 or Section 10.08, each of the Lenders (including in its capacities as a potential Secured Ancillary Lender) and the L/C Issuer and the Administrative Agent, hereby agree that, 

(a)        any Lien on any property granted to or held by the Administrative Agent
under any Loan Document shall be automatically released (i) upon termination of the Aggregate Commitments and payment in full of all Obligations (other than (A) contingent indemnification obligations and (B) Ancillary Obligations as
to which arrangements satisfactory to the applicable Secured Ancillary Lender shall have been made) and the expiration or termination of all Letters of Credit (other than Letters of Credit as to which other arrangements satisfactory to the
Administrative Agent and the L/C Issuer shall have been made), (ii) upon the sale, disposition or transfer of such property of as part of or in connection with any sale or other disposition permitted hereunder or under any other Loan Document
to a Person that is not a Loan Party, or (iii) if approved, authorized or ratified in writing in accordance with Section 10.01 and Section 10.25, as applicable; 

  
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 (b)        any Subsidiary Guarantor
shall be automatically released from its obligations under the Subsidiary Guaranty if such Person (i) ceases to be a Subsidiary as a result of a transaction permitted hereunder or (ii) at the request of the Company, if such Subsidiary
later qualifies as an Excluded Subsidiary (through transactions not otherwise prohibited hereunder); and 

(c)        the Administrative Agent will, and the Lenders irrevocably authorize the
Administrative Agent to subordinate or release any Lien on any property granted to or held by the Administrative Agent for the benefit of the Secured Parties under any Loan Document to the holder of any Lien on such property that is permitted by
Section 7.01(e). 
 Upon request by the Administrative Agent at any time, the Required Lenders will confirm in
writing the Administrative Agent’s authority to release or subordinate its interest in particular types or items of property, or to release any Subsidiary Guarantor from its obligations under the Subsidiary Guaranty pursuant to this
Section 9.10. In each case as specified in this Section 9.10, the Administrative Agent will, at the Company’s expense, execute and deliver to the applicable Loan Party such documents as such Loan Party may reasonably
request to evidence the release of such item of Collateral from the assignment and security interest granted under the Collateral Documents or to subordinate its interest in such item, or to release such guarantor from its obligations under the
Subsidiary Guaranty, in each case in accordance with the terms of the Loan Documents and this Section 9.10. 

9.11      Secured Ancillary Agreements. No Secured Ancillary Lender that obtains the
benefits of Section 8.03, any Collateral Document or the Subsidiary Guaranty by virtue of the provisions hereof or of any Collateral Document or the Subsidiary Guaranty shall have any right to notice of any action or to consent to,
direct or object to any action hereunder or under any other Loan Document or otherwise in respect of the Collateral (including the release or impairment of any Collateral) other than in its capacity as a Lender and, in such case, only to the extent
expressly provided in the Loan Documents. Notwithstanding any other provision of this Article IX to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made
with respect to, Obligations arising under Secured Ancillary Agreements unless the Administrative Agent has received written notice of such Obligations, together with such supporting documentation as the Administrative Agent may request, from the
applicable Secured Ancillary Lender, as the case may be. 
 The parties hereto hereby acknowledge and agree that, on the
date on which all Obligations (including any then due and owing indemnity obligations hereunder but excluding any Ancillary Obligations) shall be indefeasibly paid in full in cash other than (A) contingent indemnification obligations and
(B) Ancillary Obligations as to which arrangements satisfactory to the applicable Secured Ancillary Lender shall have been made), and the Aggregate Commitments hereunder shall have been terminated (all of which shall occur in accordance with
the terms of the Loan Documents and whether or not any Ancillary Obligations remain outstanding), any benefits obtained by any Secured Ancillary Lender pursuant to any Loan Document shall terminate, regardless of whether any Ancillary Obligations
remain outstanding. 
 9.12      Lender Representations Regarding ERISA.  

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

(i)        such Lender is not using “plan assets” (within
the meaning of Section 3(42) of ERISA) of one or more Benefit Plans with respect to such Lender’s entrance into, participation in, 

  
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administration of and performance of the Loans, the Letters of Credit, the Commitments, or this agreement; 

(ii)        the transaction exemption set forth in one or more PTEs,
such as PTE 84–14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95–60 (a class exemption for certain transactions involving insurance company general accounts), PTE
90–1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91–38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96–23 (a class exemption
for certain transactions determined by in-house asset managers), is applicable with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and the Loan
Documents; 
 (iii)        (A) such Lender is an investment
fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part VI of PTE 84–14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate
in, administer and perform the Loans, the Letters of Credit, the Commitments and the Loan Documents, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and the Loan
Documents satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84–14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84–14 are satisfied with
respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and the Loan Documents; or 

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

(b)        In addition, unless either (1) clause (i) in the
immediately preceding clause (a) is true with respect to a Lender or (2) a Lender has provided another representation, warranty and covenant in accordance with clause (iv) in the immediately preceding clause (a),
such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party
hereto, for the benefit of, the Administrative Agent and not, for the avoidance of doubt, to or for the benefit of the Company or any other Loan Party, that neither the Administrative Agent, either Arranger or any of their respective Affiliates is a
fiduciary with respect to the assets of such Lender involved in such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement (including in connection
with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or any documents related hereto or thereto). 

9.13      Recovery of Erroneous Payments. 

Without limitation of any other provision in this Agreement, if at any time the Administrative Agent makes a payment hereunder
in error to any Lender Recipient Party, whether or not in respect of an Obligation due and owing by Company at such time, where such payment is a Rescindable Amount, then in any such event, each Lender Recipient Party receiving a Rescindable Amount
severally agrees to repay to the Administrative Agent forthwith on demand the Rescindable Amount received by such Lender Recipient Party in Same Day Funds in the currency so received, with interest thereon, for each day from and including the date
such Rescindable Amount is received by it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on
interbank compensation. Each Lender Recipient Party irrevocably waives any and all defenses, including any “discharge for value” (under which 

  
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a creditor might otherwise claim a right to retain funds mistakenly paid by a third party in respect of a debt owed by another) or similar defense to its obligation to return any Rescindable
Amount. The Administrative Agent shall inform each Lender Recipient Party promptly upon determining that any payment made to such Lender Recipient Party comprised, in whole or in part, a Rescindable Amount. 

ARTICLE X. 

MISCELLANEOUS 

10.01      Amendments, Etc. No amendment or waiver of any provision of this Agreement or
any other Loan Document, and no consent to any departure by the Company or any other Loan Party therefrom, shall be effective unless in writing signed by the Required Lenders (or by the Administrative Agent with the consent or ratification of the
Required Lenders or such other number or percentage of Lenders as may be specified herein) and the Company or the applicable Loan Party, as the case may be, and acknowledged by the Administrative Agent, and each such waiver or consent shall be
effective only in the specific instance and for the specific purpose for which given; provided that (x) if the Administrative Agent and the Company shall have jointly identified an obvious error or any error or omission of an immaterial
nature, in each case in any provision of any Loan Document, then the Administrative Agent and the Company shall be permitted to amend such provision and such amendment shall become effective without any further action or consent of any other party
to any Loan Document if the same is not objected to in writing by the Required Lenders within ten Business Days following receipt of notice thereof, and (y) no such amendment, waiver or consent shall: 

(a)        waive any condition set forth in clause (a) or
(b) of Section 4.01 without the written consent of each Lender; 

(b)        extend or increase the Commitment of any Lender (or reinstate any
Commitment terminated pursuant to Section 8.02) without the written consent of such Lender; 

(c)        postpone any date fixed by this Agreement or any other Loan Document for
any payment or prepayment of principal, interest, fees or other amounts due to the Lenders (or any of them) or any scheduled or mandatory reduction of any Facility hereunder or under any other Loan Document without the written consent of each Lender
directly affected thereby; 
 (d)        reduce the principal of, or the rate of
interest specified herein on, any Loan or L/C Borrowing, or (subject to clause (iv) of the second proviso to this Section 10.01) any fees or other amounts payable hereunder or under any other Loan Document without the written
consent of each Lender directly affected thereby; provided that only the consent of the Required Lenders shall be necessary to amend the definition of “Default Rate” or to waive any obligation of any Borrower to pay interest or
Letter of Credit Fees at the Default Rate. 
 (e)        (i) change
Section 2.13 or Section 8.03 in a manner that would alter the pro rata sharing of payments required thereby without the written consent of each Lender, or (ii) subordinate, or have the effect of subordinating, the
Obligations hereunder to any Indebtedness or other obligation, without the written consent of each Lender; 

(f)        amend Section 1.06 or the definition of “Alternative
Currency”, “Alternative Currency Daily Rate” or “Alternative Currency Term Rate” without the written consent of each Lender; 

(g)        change any provision of this Section 10.01 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; 

  
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 (h)        release the Company from
the Company Guaranty or all or substantially all of the value of the Subsidiary Guaranty, in either case, without the written consent of each Lender, except to the extent the release of any Subsidiary Guarantor is permitted pursuant to
Section 9.10 (in which case such release may be made by the Administrative Agent acting alone); or 

(i)        release the Company (from its obligations as a Borrower) or any Designated
Borrower, except in connection with the termination of a Designated Borrower’s status as such under Section 2.14, or otherwise in connection with a transaction otherwise permitted under this Agreement; 

and provided, further, that (i) no amendment, waiver or consent shall, unless in writing and signed by the L/C Issuer in
addition to the Lenders required above, affect the rights or duties of the L/C Issuer under this Agreement or any Issuer Document relating to any Letter of Credit issued or to be issued by it; (ii) no amendment, waiver or consent shall, unless
in writing and signed by the applicable Swing Line Lender in addition to the Lenders required above, affect the rights or duties of such Swing Line Lender under this Agreement; (iii) no amendment, waiver or consent shall, unless in writing and
signed by the Administrative Agent in addition to the Lenders required above, affect the rights or duties of the Administrative Agent under this Agreement or any other Loan Document; and (iv) the 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 which by its terms requires the consent of all Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders), except that (x) the Commitment of any
Defaulting Lender may not be increased or extended 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. Notwithstanding any provision herein to the contrary, this Agreement may be amended with the written consent of the Administrative Agent, the L/C Issuer,
the Company and the Lenders affected thereby to amend the definition of “Alternative Currency” or “Alternative Currency Daily Rate” or “Alternative Currency Term Rate” or Section 1.06 solely to add additional
currency options and the applicable interest rate with respect thereto, in each case solely to the extent permitted pursuant to Section 1.06. 

If any Lender does not consent to a proposed amendment, waiver, consent or release with respect to any Loan Document that
requires the consent of each Lender and that has been approved by the Required Lenders, the Company may replace such non-consenting Lender in accordance with Section 10.13; provided that such amendment, waiver, consent or release
can be effected as a result of the assignment contemplated by such Section (together with all other such assignments required by the Company to be made pursuant hereto). 

10.02      Notices; Effectiveness; Electronic Communication. 

(a)        Notices Generally. Except in the case of notices and other
communications expressly permitted to be given by telephone (and except as provided in clause (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 fax transmission or e-mail transmission 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 a Borrower, the Administrative Agent, the L/C Issuer, the U.S. Swing Line Lender or the Global Swing Line Lender, to the address, fax number, e-mail address or telephone number specified for such Person on Schedule 10.02; and 

  
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 (ii)        if to any other Lender,
to the address, fax number, e-mail address or telephone number specified in its Administrative Questionnaire (including, as appropriate, notices delivered solely to the Person designated by a Lender on its Administrative Questionnaire then in effect
for the delivery of notices that may contain material non-public information relating to the Company). 
 Notices and other communications
sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices and other communications sent by fax transmission shall be deemed to have been given when sent (except
that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next Business Day for the recipient). Notices and other communications delivered through electronic
communications to the extent provided in clause (b) below, shall be effective as provided in such clause (b). 

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

Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address
shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement), and
(ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that such
notice or communication is available and identifying the website address therefor; provided that, for both clauses (i) and (ii), if such notice 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,. 

(c)        The Platform. THE PLATFORM IS PROVIDED “AS IS” AND
“AS AVAILABLE.” THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER
MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY
AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to any Borrower, any Lender, the
L/C Issuer or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of any Borrower’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, willful misconduct or
bad faith of such Agent Party; provided that in no event shall any Agent Party have any liability to any Borrower, any Lender, the L/C Issuer or any other Person for indirect, special, incidental, consequential or punitive damages (as opposed
to direct or actual damages). 

  
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 (d)        Change of Address,
Etc. Each of the Company, the other Loan Parties, the Administrative Agent, the L/C Issuer and each Swing Line Lender may change its address, facsimile or telephone number for notices and other communications hereunder by notice to the other
parties hereto. Each other Lender may change its address, facsimile or telephone number for notices and other communications hereunder by notice to the Company, the Administrative Agent, the L/C Issuer, the U.S. Swing Line Lender and the Global
Swing Line Lender. In addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record (i) an effective address, contact name, telephone number, facsimile number and
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 Company or its securities for purposes of United States Federal or state securities laws. 

(e)        Reliance by Administrative Agent, L/C Issuer and Lenders. The
Administrative Agent, the L/C Issuer and the Lenders shall be entitled to rely and act upon any notices (including telephonic or electronic Committed Loan Notices, Letter of Credit Applications and Swing Line Loan Notices) purportedly given by or on
behalf of any 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 Company shall indemnify the Administrative Agent, the L/C Issuer, each Lender and the Related Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance
by such Person on each notice purportedly given by or on behalf of any 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. 
 10.03      No Waiver; Cumulative Remedies;
Enforcement. No failure by any Lender, the L/C Issuer or the Administrative Agent to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder or under any other Loan Document shall operate as a
waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers
and privileges herein provided, and provided under each other Loan Document, are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. 

Notwithstanding anything to the contrary contained herein or in any other Loan Document, the authority to enforce rights and
remedies hereunder and under the other Loan Documents against the Loan Parties or any of them shall be vested exclusively in, and all actions and proceedings at law in connection with such enforcement shall be instituted and maintained exclusively
by, the Administrative Agent in accordance with Section 8.02 for the benefit of all the Lenders and the L/C Issuer; provided that the foregoing shall not prohibit (a) the Administrative Agent from exercising on its own behalf
the rights and remedies that inure to its benefit (solely in its capacity as Administrative Agent) hereunder and under the other Loan Documents, (b) the L/C Issuer or any Swing Line Lender from exercising the rights and remedies that inure to
its benefit (solely in its capacity as L/C Issuer or Swing Line Lender, as the case may be) hereunder and under the other Loan Documents, (c) any Lender from exercising setoff rights in accordance with Section 10.08 (subject to the
terms of Section 2.13), or (d) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding relative to any Loan Party under any Debtor Relief Law; and
provided, further, that if at any time there is no Person acting as Administrative Agent hereunder and under the other Loan Documents, then (i) the Required Lenders shall have the rights otherwise ascribed to the Administrative
Agent pursuant to Section 8.02 and (ii) in addition 

  
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to the matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject to Section 2.13, any Lender may, with the consent of the Required Lenders, enforce
any rights and remedies available to it and as authorized by the Required Lenders. 

10.04      Expenses; Indemnity; Damage Waiver. 

(a)        Costs and Expenses. The Company shall pay (i) all reasonable
and documented out-of-pocket expenses incurred by the Administrative Agent and its Affiliates (including the reasonable and documented fees, charges and disbursements of single counsel for the Administrative Agent), in connection with the
syndication of the credit facilities provided for herein, the preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or
thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable and documented out-of-pocket expenses incurred by the L/C Issuer in connection with the issuance, amendment, renewal or extension
of any Letter of Credit or any demand for payment thereunder and (iii) all documented out-of-pocket expenses incurred by the Administrative Agent, any Lender or the L/C Issuer (which in the case of legal fees and expenses shall be limited to
those of a single counsel to the Administrative Agent, the Lenders and the L/C Issuer, taken as a whole, in each relevant jurisdiction and, in the case of a bona fide conflict of interest, one additional legal counsel per class of similarly situated
affected parties in each relevant jurisdiction), and shall pay all fees and time charges for attorneys who may be employees of the Administrative Agent, any Lender or the L/C Issuer, in connection with the enforcement or protection of its rights
(A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred
during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit. 

(b)        Indemnification by the Company. The Company shall indemnify the
Administrative Agent (and any sub-agent thereof), each Lender and the L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless
from, any and all losses, claims, damages, liabilities and related expenses (which in the case of legal fees and expenses shall be limited to the fees, charges and disbursements of a single counsel for the Indemnitees, taken as a whole, in each
relevant jurisdiction and, in the case of a bona fide conflict of interest, one additional counsel per class of similarly situated affected parties), incurred by any Indemnitee or asserted against any Indemnitee by any Person (including any Borrower
or any other Loan Party) other than such Indemnitee and its Related Parties arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument
contemplated hereby or thereby (including, without limitation, the Indemnitee’s reliance on any Communication executed using an Electronic Signature, or in the form of an Electronic Record, the performance by the parties hereto of their
respective obligations hereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this
Agreement and the other Loan Documents (including in respect of any matters addressed in Section 3.01), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by the L/C Issuer
to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous
Materials on or from any property owned or operated by the Company or any of its Subsidiaries, or any Environmental Liability related in any way to the Company 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 Company or any other Loan Party, and regardless of whether any Indemnitee is a party
thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final and
nonappealable judgment to have resulted 

  
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from the gross negligence, willful misconduct or bad faith of such Indemnitee or its Related Party or (y) result from a claim brought by the Company or any other Loan Party against an
Indemnitee for a material breach of such Indemnitee’s obligations hereunder or under any other Loan Document, if the Company or such other Loan Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a
court of competent jurisdiction. Without limiting the provisions of Section 3.01(c), this Section 10.04(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from
any non-Tax claim. 
 (c)        Reimbursement by Lenders. To the extent that
the Loan Parties for any reason fail to indefeasibly pay any amount required under clause (a) or (b) of this Section to be paid by the Company to the Administrative Agent (or any sub-agent thereof), the L/C Issuer, the U.S.
Swing Line Lender, the Global Swing Line Lender or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent), the L/C Issuer, such Swing Line Lender or such Related Party, as
the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought based on each Lender’s share of the Total Credit Exposure at such time) of such unpaid amount
(including any such unpaid amount in respect of a claim asserted by such Lender), such payment to be made severally among them based on such Lenders’ Applicable Percentage (determined as of the time that the applicable unreimbursed expense or
indemnity payment is sought) 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), the L/C Issuer or such Swing Line 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), L/C Issuer or such Swing Line Lender in
connection with such capacity. The obligations of the Lenders under this clause (c) are subject to the provisions of Section 2.12(d). 

(d)        Waiver of Consequential Damages, Etc. To the fullest extent
permitted by applicable law, no Borrower shall assert, and hereby waives, and acknowledges that no other Person shall have, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as
opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or
Letter of Credit or the use of the proceeds thereof. No Indemnitee referred to in clause (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, willful misconduct or bad faith of such Indemnitee or any of its Related Parties as determined by a final and nonappealable judgment of a court of competent jurisdiction. 

(e)        Payments. All amounts due under this Section shall be payable not
later than ten Business Days after demand therefor. 
 (f)        Survival.
The agreements in this Section and the indemnity provisions of Section 10.02(e) shall survive the resignation of the Administrative Agent, the L/C Issuer, the U.S. Swing Line Lender and the Global Swing Line Lender, the replacement of
any Lender, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all the other Obligations. 

10.05      Payments Set Aside. To the extent that any payment by or on behalf of any
Borrower is made to the Administrative Agent, the L/C Issuer or any Lender, or the Administrative Agent, the L/C Issuer or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently
invalidated, declared to be fraudulent or preferential or transfer at undervalue, set aside or required (including pursuant to any settlement entered into by the Administrative Agent, the 

  
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L/C Issuer or such Lender in its discretion) to be repaid to a trustee, receiver, interim receiver, monitor, liquidator or any other party, in connection with any proceeding under any Debtor
Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had
not occurred, and (b) each Lender and the L/C Issuer severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by the Administrative Agent, plus interest
thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect, in the applicable currency of such recovery or payment. The obligations of the Lenders and the L/C
Issuer under clause (b) of the preceding sentence shall survive the payment in full of the Obligations and the termination of this Agreement. 

10.06      Successors and Assigns. 

(a)        Successors and Assigns Generally. The provisions of this Agreement
shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that no Borrower may assign or otherwise transfer any of its rights or obligations hereunder without the prior
written consent of the Administrative Agent and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of clause (b) of this
Section, (ii) by way of participation in accordance with the provisions of clause (d) of this Section, or (iii) by way of pledge or assignment of a security interest subject to the restrictions of clause (f) of this
Section (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective
successors and assigns permitted hereby, Participants to the extent provided in clause (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the L/C Issuer and the
Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

(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 and the Loans (including for purposes of this clause (b), participations in L/C Obligations and in Swing Line
Loans) at the time owing to it); provided that (in each case with respect to any Facility) any such assignment shall be subject to the following conditions: 

(i)        Minimum Amounts. 

(A)        in the case of (x) an assignment of the entire
remaining amount of the assigning Lender’s Commitment under any Facility and the Loans at the time owing to it (in each case with respect to any Facility) (y) an assignment to a Lender, an Affiliate or branch of a Lender or an Approved
Fund or (z) an assignment to an acquisition vehicle pursuant to Section 9.09, no minimum amount need be assigned; and 

(B)        in any case not described in clause (b)(i)(A) of
this Section, the aggregate amount of the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding balance of the Loans of the assigning Lender subject to each
such assignment, determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date,
shall not be less than $5,000,000 unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Company otherwise consents (each such consent not to be unreasonably withheld or delayed);
provided that concurrent assignments to members of an Assignee Group and concurrent 

  
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 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 Loans or the Commitment assigned, except that this clause (ii) shall not apply to any Swing Line
Lender’s rights and obligations in respect of Swing Line Loans; 
 (iii)    
Required Consents. No consent shall be required for any assignment except to the extent required by clause (b)(i)(B) of this Section and, in addition: 

(A)     the consent of the Company (such consent not to be unreasonably withheld or
delayed) shall be required unless (1) a Specified Event of Default has occurred and is continuing at the time of such assignment or (2) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; provided that the
Company shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within ten (10) Business Days after having received notice thereof; 

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

(C)     the consent of the L/C Issuer (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); and 

(D)     the consent of (1) the U.S. Swing Line Lender (such consent not to be
unreasonably withheld or delayed) shall be required for any assignment in respect of the U.S. Revolving Credit Facility and (2) the Global Swing Line Lender (such consent not to be unreasonably withheld or delayed) shall be required for any
assignment in respect of the Global Revolving Credit Facility. 
 (iv)     Assignment
and Assumption. The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with, except in the case of an assignment pursuant to Section 9.09, a processing and
recordation fee in the amount of $3,500 (which fee shall in no event be payable by the Company); provided that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any
assignment. The assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire. 

(v)     No Assignment to Certain Persons. No such assignment shall be made
(A) to the Company or any of the Company’s Affiliates or Subsidiaries, or (B) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons
described in this clause (B), or (C) 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). 

  
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 (vi)     Certain Additional
Payments. In connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the
assignment shall make such additional payments to the Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations,
or other compensating actions, including funding, with the consent of the Company and the Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable
assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent, the L/C Issuer or any Lender hereunder (and interest accrued thereon) and
(y) acquire (and fund as appropriate) its full pro rata share of all Loans and participations in Letters of Credit and Swing Line Loans in accordance with its Applicable Percentage. Notwithstanding the foregoing, in the event that any
assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable Law without compliance with the provisions of this clause (vi), 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 clause (c) of this Section, from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest
assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its
obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be
entitled to the benefits of Sections 3.01, 3.04, 3.05, and 10.04 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, each Borrower (at
its expense) shall execute and deliver a Note to the assignee Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this clause 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 clause (d) of this Section. 

(c)     Register. The Administrative Agent, acting solely for this purpose as an agent of the
Borrowers (and such agency being solely for tax purposes), shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption delivered to it (or the equivalent thereof in electronic form) and a register for the
recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts (and stated interest) of the Loans and L/C Obligations owing to, each Lender pursuant to the terms hereof from time to time (the
“Register”). The entries in the Register shall be conclusive absent manifest error, and the Borrowers, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms
hereof as a Lender hereunder for all purposes of this Agreement. The Register shall be available for inspection by the Borrowers 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, any
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 Company or any of the Company’s Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment
and/or the Loans (including such Lender’s participations in L/C Obligations and/or Swing Line Loans) owing to it); provided that (i) such Lender’s obligations under this 

  
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 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 Borrowers, the Administrative Agent, the Lenders and the L/C Issuer shall continue to deal solely and directly with such Lender in connection with such Lender’s
rights and obligations under this Agreement. For the avoidance of doubt, each Lender shall be responsible for the indemnity under Section 10.04(c) without regard to the existence of any participation. Each Lender that sells a
participating interest in any Loan, Commitment, participations in L/C Obligations and/or Swing Line Loans, or other interest to a Participant shall, as agent of the Company solely for the purpose of this Section 10.06, record in book
entries maintained by such Lender the name and the amount of the participating interest of each Participant entitled to receive payments in respect of such participating interests. 

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 clause (y) of the first proviso to Section 10.01 that affects such Participant. Subject to clause (e) of this Section, each Borrower agrees
that each Participant shall be entitled to the benefits of Sections 3.01, 3.04 and 3.05 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to clause (b) of this Section (it
being understood that the documentation required under Section 3.01(e) shall be delivered to the Lender who sells the participation) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to
clause (b) of this Section; provided that such Participant (A) agrees to be subject to the provisions of Sections 3.06 and 10.13 as if it were an assignee under clause (b) of this Section and
(B) shall not be entitled to receive any greater payment under Sections 3.01 or 3.04, with respect to any participation, than the Lender from whom it acquired the applicable participation would have been entitled to receive,
except to the extent such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation. Each Lender that sells a participation agrees, at the Company’s request and
expense, to use reasonable efforts to cooperate with the Company to effectuate the provisions of Section 3.06 with respect to any Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of
Section 10.08 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 Company, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under the Loan
Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a
Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit
or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name
is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent)
shall have no responsibility for maintaining a Participant Register. 
 (e)     Limitations upon
Participant Rights. A Participant shall not be entitled to receive any greater payment under Section 3.01 or 3.04 than the applicable 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 Company’s prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of
Section 3.01 unless the Company is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Company, to comply with Section 3.01(e) as though it were a Lender. 

  
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 (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)     Resignation as L/C Issuer or Swing Line Lender after Assignment. Notwithstanding anything
to the contrary contained herein, if at any time Bank of America assigns all of its Commitments and Loans pursuant to clause (b) above, (i) Bank of America may, upon 30 days’ notice to the Company and the Lenders, resign as L/C
Issuer and/or (ii) upon 30 days’ notice to the Company, each of Bank of America, as the U.S. Swing Line Lender, and Bank of America, as the Global Swing Line Lender, may resign as Swing Line Lender. In the event of any such resignation as
L/C Issuer or Swing Line Lender, the Company shall be entitled to appoint from among the Lenders a successor L/C Issuer or Swing Line Lender hereunder; provided that no failure by the Company to appoint any such successor shall affect the
resignation of Bank of America as L/C Issuer or Swing Line Lender, as the case may be. If Bank of America resigns as L/C Issuer, it shall retain all the rights, powers, privileges and duties of the L/C Issuer hereunder with respect to all Letters of
Credit outstanding as of the effective date of its resignation as L/C Issuer and all L/C Obligations with respect thereto (including the right to require the Lenders to make Base Rate Committed Loans or fund risk participations in Unreimbursed
Amounts pursuant to Section 2.03(c)). If Bank of America resigns as Swing Line Lender, it shall retain all the rights of a Swing Line Lender provided for hereunder with respect to Swing Line Loans made by it and outstanding as of the
effective date of such resignation, including the right to require the Lenders to make Base Rate Committed Loans or fund risk participations in outstanding Swing Line Loans pursuant to Section 2.04(c). Upon the appointment of a successor
L/C Issuer and/or Swing Line Lender, (a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer or Swing Line Lender, as the case may be, and (b) the successor L/C
Issuer shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to Bank of America to effectively assume the obligations of Bank of America
with respect to such Letters of Credit. 
 (h)     Novation. For the purposes of Article 1271 et
seq. of the Belgian Civil Code, the parties to this Agreement agree that upon any novation under the Loan Documents, the Liens, guarantees, indemnities, and other undertakings created under and pursuant to the Loan Documents shall continue for the
benefit of the Lenders, their successors, transferees and assignees, as the case may be. 
 10.07 Treatment of Certain
Information; Confidentiality. Each of the Administrative Agent, the Lenders and the L/C Issuer agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates and
to its and its Related Parties (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent
required or requested by any regulatory authority purporting to have jurisdiction over such Person or its Related Parties (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent
required by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or
proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions at least as restrictive as those of this Section, to (i) any assignee
of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement or any Eligible Assignee invited to be a Lender pursuant to Section 2.15(c) or (ii) any actual or
prospective counterparty (or its Related Parties) to any swap, derivative or other transaction under which payments are to be made by reference to the Company and its obligations, this Agreement or payments hereunder, (g) on a confidential
basis to (i) any rating agency in connection with rating the Company or its Subsidiaries or the credit facilities provided 

  
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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 Company or (i) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section (y) becomes available to the
Administrative Agent, any Lender, the L/C Issuer or any of their respective Affiliates on a nonconfidential basis from a source other than the Company or (z) is independently discovered or developed by a party hereto without utilizing any
Information received from the Company or violating the terms of this Section 10.07. In addition, the Administrative Agent and the Lenders may disclose the existence of this Agreement and information about this Agreement to market data
collectors, similar service providers to the lending industry and service providers to the 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, “Information” means all information received from or on behalf of the Company
or any Subsidiary relating to the Company or any Subsidiary or any of their respective businesses, other than any such information that is available to the Administrative Agent, any Lender or the L/C Issuer on a nonconfidential basis prior to
disclosure by or on behalf of the Company or any Subsidiary, provided that, in the case of information received from or on behalf of the Company or any Subsidiary after the date hereof, such information is clearly identified at the time of
delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to
maintain the confidentiality of such Information as such Person would accord to its own confidential information. 
 Each of
the Administrative Agent, the Lenders and the L/C Issuer acknowledges that (a) the Information may include material non-public information concerning the Company or a Subsidiary, as the case may be, (b) it has developed compliance
procedures regarding the use of material non-public information and (c) it will handle such material non-public information in accordance with applicable Law, including United States Federal and state securities Laws. 

10.08     Right of Setoff. If an Event of Default shall have occurred and be continuing, each
Lender, the L/C Issuer and each of their respective Affiliates and branches is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable law, to set off and apply any and all deposits (general or special,
time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Lender, the L/C Issuer or any such Affiliate or branch to or for the credit or the account of any
Borrower against any and all of the obligations of such Borrower then due and owing under this Agreement or any other Loan Document to such Lender or the L/C Issuer or branch their respective Affiliates or branches, irrespective of whether or not
such Lender, L/C Issuer or Affiliate shall have made any demand under this Agreement or any other Loan Document and although such obligations of such Borrower may be contingent or unmatured or are owed to a branch, office or Affiliate of such Lender
or the L/C Issuer different from the branch, office or Affiliate holding such deposit or obligated on such indebtedness; provided that in the event that any Defaulting Lender shall exercise any such right of setoff, (x) all amounts so
set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.17 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds
and deemed held in trust for the benefit of the Administrative Agent, the L/C Issuer and the Lenders, and (y) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the Obligations
owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of each Lender, the L/C Issuer and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of
setoff) that such Lender, the L/C Issuer or their respective Affiliates may have. Each Lender and the L/C Issuer agrees to notify the Company and the Administrative Agent promptly after any such setoff and application, provided that the
failure to give such notice shall not affect the validity of such setoff and application. 

  
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 10.09     Interest Rate Limitation.
Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum
Rate”). If the Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the
applicable Borrower. In determining whether the interest contracted for, charged, or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any
payment that is not principal as an expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of
interest throughout the contemplated term of the Obligations hereunder. 
 10.10     Integration;
Effectiveness. This Agreement, the other Loan Documents, and any separate letter agreements with respect to fees payable to the Administrative Agent or the L/C Issuer, constitute the entire contract among the parties relating to the subject
matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided in Section 4.01, this Agreement shall become effective when it shall have been
executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and assigns. 
 10.11     Survival of
Representations and Warranties. All representations and warranties made hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and
delivery hereof and thereof. Such representations and warranties have been or will be relied upon by the Administrative Agent and each Lender, regardless of any investigation made by the Administrative Agent or any Lender or on their behalf and
notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge of any Default at the time of any Credit Extension, and shall continue in full force and effect as long as any Loan or any other Obligation hereunder shall
remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding. 
 10.12    
Severability. If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan
Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as
possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. Without limiting the foregoing
provisions of this Section 10.12, if and to the extent that the enforceability of any provisions in this Agreement relating to Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in good faith by the Administrative
Agent, the L/C Issuer or the Swing Line Lender, as applicable, then such provisions shall be deemed to be in effect only to the extent not so limited. 

10.13     Replacement of Lenders. If the Company is entitled to replace a Lender pursuant to the
provisions of Section 3.06, or if any Lender’s obligations to make, continue or convert to Eurodollar RateTerm SOFR Loans has been suspended pursuant to Section 3.02,
or if any Lender is a Defaulting Lender or a Non-Consenting Lender or if any other circumstance exists hereunder that gives the Company the right to replace a Lender as a party hereto, then the Company may, at its sole expense and effort, upon
notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 10.06), all of its
interests, rights (other than its existing rights to payments pursuant to Sections 3.01 and 3.04) and obligations under this Agreement and the related Loan Documents to an Eligible Assignee that

  
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shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment), provided that: 

(a)     the Company shall have paid to the Administrative Agent the assignment fee specified in
Section 10.06(b); 
 (b)     such Lender shall have received payment of an amount equal to
the outstanding principal of its Loans and L/C Advances, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under Section 3.05) from the assignee
(to the extent of such outstanding principal and accrued interest and fees) or the Company (in the case of all other amounts); 

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

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

(e)     in the case of an assignment resulting from a Lender becoming a Non-Consenting Lender, the
applicable assignee shall have consented to the applicable amendment, waiver or consent. 
 A Lender shall not be required
to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Company to require such assignment and delegation cease to apply. 

10.14     Governing Law; Jurisdiction; Etc. 

(a)     GOVERNING LAW. 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 LAW OF THE STATE OF NEW YORK. 

(b)     SUBMISSION TO JURISDICTION. EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT
IT WILL NOT COMMENCE ANY ACTION, LITIGATION OR PROCEEDING OF ANY KIND OR DESCRIPTION, WHETHER IN LAW OR EQUITY, WHETHER IN CONTRACT OR IN TORT OR OTHERWISE, AGAINST THE ADMINISTRATIVE AGENT, ANY LENDER, THE L/C ISSUER, OR ANY RELATED PARTY OF THE
FOREGOING IN ANY WAY RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS RELATING HERETO OR THERETO, IN ANY FORUM OTHER THAN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT
OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF SUCH COURTS AND AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION,
LITIGATION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION, LITIGATION OR
PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER 

  
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PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT, ANY LENDER OR THE L/C ISSUER MAY OTHERWISE HAVE TO BRING ANY ACTION,
LITIGATION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST ANY LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 

(c)     WAIVER OF VENUE. EACH 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 AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN CLAUSE
(B) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 

(d)     SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE
MANNER PROVIDED FOR NOTICES IN SECTION 10.02. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

10.15     Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER
BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION,
SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS
SECTION. 
 10.16     No Advisory or Fiduciary Responsibility. In connection with all aspects of
each transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document), each Borrower acknowledges and agrees, and acknowledges its Affiliates’ understanding, that:
(i) (A) the arranging and other services regarding this Agreement provided by the Administrative Agent, the Arrangers and the Lenders are arm’s-length commercial transactions between each Borrower and its respective Affiliates, on the
one hand, and the Administrative Agent, the Arrangers and the Lenders, on the other hand, (B) each Borrower has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (C) each Borrower
is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; (ii) (A) the Administrative Agent, the Arrangers and each Lender is and has
been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for each Borrower or any of their respective Affiliates, or any
other Person and (B) neither the Administrative Agent, the Arrangers nor any Lender has any obligation to any Borrower or any of their respective Affiliates with respect to the transactions contemplated hereby except those obligations expressly
set forth herein and in the other Loan Documents; and (iii) the Administrative Agent, the Arrangers and the Lenders and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of
each Borrower and their respective Affiliates, and neither the Administrative Agent, the Arrangers nor any Lenders has any obligation to disclose any of such interests to any Borrower 

  
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or any of their respective Affiliates. To the fullest extent permitted by law, each Borrower hereby waives and releases any claims that it may have against the Administrative Agent, the Arrangers
or any Lender with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby. 

10.17     Electronic Execution; Electronic Records; Counterparts. This Agreement, any Loan Document
and any other Communication, including Communications required to be in writing, may be in the form of an Electronic Record and may be executed using Electronic Signatures. Each of the Loan Parties and each of the Administrative Agent and each
Lender Party agrees that any Electronic Signature on or associated with any Communication shall be valid and binding on such Person to the same extent as a manual, original signature, and that any Communication entered into by Electronic Signature,
will constitute the legal, valid and binding obligation of such Person enforceable against such Person in accordance with the terms thereof to the same extent as if a manually executed original signature was delivered. Any Communication may be
executed in as many counterparts as necessary or convenient, including both paper and electronic counterparts, but all such counterparts are one and the same Communication. For the avoidance of doubt, the authorization under this paragraph may
include, without limitation, use or acceptance of a manually signed paper Communication which has been converted into electronic form (such as scanned into PDF format), or an electronically signed Communication converted into another format, for
transmission, delivery and/or retention. The Administrative Agent and each of the Lender Parties may, at its option, create one or more copies of any Communication in the form of an imaged Electronic Record (“Electronic Copy”),
which shall be deemed created in the ordinary course of such Person’s business, and destroy the original paper document. All Communications in the form of an Electronic Record, including an Electronic Copy, shall be considered an original for
all purposes, and shall have the same legal effect, validity and enforceability as a paper record. Notwithstanding anything contained herein to the contrary, neither the Administrative Agent, L/C Issuer nor Swing Line Lender is under any obligation
to accept an Electronic Signature in any form or in any format unless expressly agreed to by such Person pursuant to procedures approved by it; provided, further, without limiting the foregoing, (a) to the extent the Administrative Agent, L/C
Issuer and/or Swing Line Lender has agreed to accept such Electronic Signature, the Administrative Agent and each of the Lender Parties shall be entitled to rely on any such Electronic Signature purportedly given by or on behalf of any Loan Party
and/or any Lender Party without further verification and (b) upon the request of the Administrative Agent or any Lender Party, any Electronic Signature shall be promptly followed by such manually executed counterpart. 

Neither the Administrative Agent, L/C Issuer nor Swing Line Lender shall be responsible for or have any duty to ascertain or
inquire into the sufficiency, validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document (including, for the avoidance of doubt, in connection with the Administrative Agent’s, L/C
Issuer’s or Swing Line Lender’s reliance on any Electronic Signature transmitted by telecopy, emailed .pdf or any other electronic means). The Administrative Agent, L/C Issuer and Swing Line Lender shall be entitled to rely on, and shall
incur no liability under or in respect of this Agreement or any other Loan Document by acting upon, any Communication (which writing may be a fax, any electronic message, Internet or intranet website posting or other distribution or signed using an
Electronic Signature) or any statement made to it orally or by telephone and believed by it to be genuine and signed or sent or otherwise authenticated (whether or not such Person in fact meets the requirements set forth in the Loan Documents for
being the maker thereof). 
 Each of the Loan Parties and each Lender Party hereby waives (i) any argument, defense or
right to contest the legal effect, validity or enforceability of this Agreement, any other Loan Document based solely on the lack of paper original copies of this Agreement, such other Loan Document, and (ii) waives any claim against the
Administrative Agent, each Lender Party and each Related Party for any liabilities arising solely from the Administrative Agent’s and/or any Lender Party’s reliance on or use of Electronic Signatures, including any liabilities arising as a
result of the failure of the Loan Parties to use any available security measures in connection with the execution, delivery or transmission of any Electronic Signature. 

  
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 10.18     USA PATRIOT Act. 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 Borrowers 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 Borrowers, which information includes the name and address of each Borrower and other information that will allow
such Lender or the Administrative Agent, as applicable, to identify such Borrower in accordance with the Act. Each 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. 

10.19     U.K. KNOW YOUR CUSTOMER CHECKS. If (i) the introduction of or any change in (or in
the interpretation, administration or application of) any law or regulation made after the Closing Date; (ii) any change in the status of a U.K. Borrower after the Closing Date; or (iii) a proposed assignment or transfer by a Lender of any
of its rights and obligations under this Agreement to a party that is not a Lender prior to such assignment or transfer, obliges the Administrative Agent or any Lender (or, in the case of paragraph (iii) above, any prospective new Lender) to
comply with “know your customer” or similar identification procedures in circumstances where the necessary information is not already available to it, each U.K. Borrower shall promptly upon the request of the Administrative Agent or any
Lender supply, or procure the supply of, such documentation and other evidence as is reasonably requested by the Administrative Agent (for itself or on behalf of any Lender) or any Lender (for itself or, in the case of the event described in
paragraph (iii) above, on behalf of any prospective new Lender) in order for the Administrative Agent, such Lender or, in the case of the event described in paragraph (iii) above, any prospective new Lender to carry out and be satisfied it
has complied with all necessary “know your customer” or other similar checks under all applicable laws and regulations pursuant to the transactions contemplated in the Loan Documents; and 

Each Lender shall promptly, upon the request of the Administrative Agent, supply or procure the supply of, such documentation
and other evidence as is reasonably requested by the Administrative Agent (for itself) in order for the Administrative Agent to carry out and be satisfied it has complied with all necessary “know your customer” or other similar checks
under all applicable laws and regulations pursuant to the transactions contemplated in the Loan Documents. 

10.20     Canadian Anti-Money Laundering Legislation. (a) Each Loan Party acknowledges that,
pursuant to Canadian Anti-Money Laundering Legislation and other applicable anti-money laundering, anti-terrorist financing, government sanction and “know your client” laws (collectively, including any guidelines or orders thereunder,
“AML Legislation”), the Lenders may be required to obtain, verify and record information regarding the Loan Parties and their respective directors, authorized signing officers, direct or indirect shareholders or other Persons in control of
the Loan Parties, and the transactions contemplated hereby. Each Loan Party shall promptly provide all such information, including supporting documentation and other evidence, as may be reasonably requested by any Lender or any prospective assignee
or participant of a Lender or the Administrative Agent, in order to comply with any applicable AML Legislation, whether now or hereafter in existence. 

(b) If the Administrative Agent has ascertained the identity of any Loan Party or any authorized signatories of the Loan
Parties for the purposes of applicable AML Legislation, then the Administrative Agent: 
 (i) shall be
deemed to have done so as an agent for each Lender, and this Agreement shall constitute a “written agreement” in such regard between each Lender and the Administrative Agent within the meaning of the applicable AML Legislation; and 

  
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 (ii) shall provide to each Lender copies of all information
obtained in such regard without any representation or warranty as to its accuracy or completeness. 
 Notwithstanding the
preceding sentence and except as may otherwise be agreed in writing, each of the Lenders agrees that the Administrative Agent has no obligation to ascertain the identity of the Loan Parties or any authorized signatories of the Loan Parties on behalf
of any Lender, or to confirm the completeness or accuracy of any information it obtains from any Loan Party or any such authorized signatory in doing so. 

10.21     Judgment Currency. If, for the purposes of obtaining judgment in any court, it is
necessary to convert a sum due hereunder or any other Loan Document in one currency into another currency, the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative Agent could purchase the
first currency with such other currency on the Business Day preceding that on which final judgment is given. The obligation of each Loan Party in respect of any such sum due from it to the Administrative Agent or any Lender hereunder or under the
other Loan Documents shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than that in which such sum is denominated in accordance with the applicable provisions of this Agreement (the “Agreement
Currency”), be discharged only to the extent that on the Business Day following receipt by the Administrative Agent or such Lender, as the case may be, of any sum adjudged to be so due in the Judgment Currency, the Administrative Agent or
such Lender, as the case may be, may in accordance with normal banking procedures purchase the Agreement Currency with the Judgment Currency. If the amount of the Agreement Currency so purchased is less than the sum originally due to the
Administrative Agent or any Lender from any Loan Party in the Agreement Currency, such Loan Party agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Administrative Agent or such Lender, as the case may be,
against such loss. If the amount of the Agreement Currency so purchased is greater than the sum originally due to the Administrative Agent or any Lender in such currency, the Administrative Agent or such Lender, as the case may be, agrees to return
the amount of any excess to such Loan Party (or to any other Person who may be entitled thereto under applicable law). 

10.22     Waiver of Sovereign Immunity. To the extent that any Loan Party may be or become entitled
to claim for itself or its property or revenues any immunity on the ground of sovereignty or the like from suit, court jurisdiction, attachment prior to judgment, attachment in aid of execution of a judgment or execution of a judgment, and to the
extent that in any such jurisdiction there may be attributed such an immunity (whether or not claimed), such Loan Party hereby irrevocably agrees not to claim and hereby irrevocably waives such immunity with respect to the Obligations. 

10.23     Acknowledgement and Consent to Bail-In of Affected Financial Institutions.  

Solely to the extent any Lender or L/C Issuer that is an Affected Financial Institution is a party to this Agreement and
notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Lender or L/C Issuer that is an Affected Financial
Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound
by: 
 (a)     the application of any Write-Down and Conversion Powers by the applicable Resolution
Authority to any such liabilities arising hereunder which may be payable to it by any Lender or L/C Issuer that is an Affected Financial Institution; and 

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

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

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

(iii)         the variation of the terms of such liability in
connection with the exercise of the write-down and conversion powers of the applicable Resolution Authority. 

10.24         Effect of Amendment and Restatement of the Existing Credit
Agreement.  
 (a)         Effective as of the Closing Date, the Existing
Credit Agreement shall be amended and restated in its entirety. The parties hereto acknowledge and agree that (i) this Agreement and the other Loan Documents, whether executed and delivered in connection herewith or otherwise, do not constitute
a novation or termination of the “Obligations” (as defined in the Existing Credit Agreement) under the Existing Credit Agreement as in effect immediately prior to the Closing Date and which remain outstanding and (ii) the
“Obligations” (as amended and restated hereby and which are hereinafter subject to the terms herein) are in all respects continuing. 

(b)         Each of the parties hereto severally and for itself agrees that on the
Closing Date, each Existing Lender hereby irrevocably sells, transfer, conveys and assigns, without recourse, representation or warranty (except as expressly set forth herein), to each Lender, and each such Lender hereby irrevocably purchases from
such Existing Lender, a portion of the rights and obligations of such Existing Lender under the Existing Credit Agreement and each other Loan Document in respect of its existing Loans and Commitments under (and as defined in) the Existing Credit
Agreement such that, after giving effect to the foregoing assignment and delegation and any increase in the aggregate Commitments effected pursuant hereto, each Lender’s Applicable Percentage of the Commitments and pro rata portion of the Loans
for the purposes of this Agreement and each other Loan Document will be as set forth opposite such Person’s name on Schedule 2.01. 

(c)         Each Existing Lender hereby represents and warrants to each Lender that,
immediately before giving effect to the provisions of this Section, (i) such Existing Lender is the legal and beneficial owner of the portion of its rights and obligations in respect of its Existing Loans being assigned to each Lender as set
forth above; and (ii) such rights and obligations being assigned and sold by such Existing Lender are free and clear of any adverse claim or encumbrance created by such Existing Lender. 

(d)         Each of the Lenders hereby acknowledges and agrees that (i) other
than the representations and warranties contained above, no Lender nor the Administrative Agent has made any representations or warranties or assumed any responsibility with respect to (A) any statements, warranties or representations made in
or in connection with this Agreement or the execution, legality, validity, enforceability, genuineness or sufficiency of this Agreement, the Existing Credit Agreement or any other Loan Document or (B) the financial condition of any Loan Party
or the performance by any Loan Party of the Obligations; (ii) it has received such information as it has deemed appropriate to make its own credit analysis and decision to enter into this Agreement; and (iii) it has made and continues to
make its own credit decisions in taking or not taking action under this Agreement, independently and without reliance upon the Administrative Agent or any other Lender. 

(e)         The Borrowers (including the Company), each of the Lenders and the
Administrative Agent also agree that each of the Lenders shall, as of the Closing Date, have all of the rights and interests 

  
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as a Lender in respect of the Loans purchased and assumed by it, to the extent of the rights and obligations so purchased and assumed by it. 

(f)         Each Lender which is purchasing any portion of the Existing Loans shall
deliver to the Administrative Agent immediately available funds in the full amount of the purchase made by it and the Administrative Agent shall, to the extent of the funds so received, disburse such funds to the Existing Lenders that are making
sales and assignments in the amount of the portions so sold and assigned. 

(g)         Each Lender acknowledges and agrees that, in connection with the
reallocation of any Existing Loans as contemplated in this Section, neither the Company nor any Borrower shall be liable for any costs and fees contemplated in Section 3.05. 

10.25         Release of Collateral. No amendment or waiver of any provision of
this Agreement or any other Loan Document, and no consent to any departure by the Company or any other Loan Party therefrom, shall be effective if such amendment, waiver or consent shall release all or substantially all of the Collateral in any
transaction or series of related transactions without the written consent of each Lender. 

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

(a)         In the event a Covered Entity that is party to a Supported QFC (each, a
“Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such
QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the
Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered
Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are
permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the United
States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC
Credit Support. 
 (b)         As used in this Section, the following terms have the
following meanings: 
 “Default Right” has the meaning assigned to that term in, and shall
be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable. 

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

  
 148 

[Signature Pages Intentionally Omitted] 

  
 149Exhibit 10.1

 

First
Amendment to

Third
Amended and Restated Credit Agreement

 

This
First Amendment to Third Amended and Restated Credit Agreement (herein, this “Amendment”) is entered into as of December 19,
2022 (the “First Amendment Effective Date”), by and among LTC Properties, Inc.,
a Maryland corporation (the “Borrower”), the several financial
institutions from time to time party hereto, as Lenders, and Bank of Montreal (“Bank of Montreal”) as administrative
agent (in such capacity, the “Administrative Agent”) and L/C Issuer.

 

Preliminary
Statements

 

A.            The
Borrower, the Lenders party thereto, and the Administrative Agent entered into that certain Third Amended and Restated Credit Agreement,
dated as of November 19, 2021 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time,
the “Credit Agreement”). All capitalized terms used herein without definition shall have the same meanings herein as
such terms have in the Credit Agreement.

 

B.            The
Borrower has requested that the Administrative Agent and the Required Lenders (i) agree to replace the benchmark interest rates applicable
to Loans, and (ii) make certain other amendments to the Credit Agreement, and the Administrative Agent and the Required Lenders are
willing to do so under the terms and subject to the conditions set forth in this Amendment.

 

Now,
Therefore, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto
agree as follows:

 

Section 1.First
Amendment Effective Date Amendment to Credit Agreement.

 

Subject to the satisfaction
of the conditions precedent set forth in Section 2 below, effective as of the First Amendment Effective Date, the Credit Agreement
shall be and hereby is amended to delete the struck text (indicated textually in the same manner as the following example: struck
text) and to add the double-underlined text (indicated textually in the same manner as the following example: double-underlined
text) as set forth in the pages of the Credit Agreement attached as Annex I hereto, except that any Schedule or Exhibit to
the Credit Agreement not amended pursuant to the terms of this Amendment or otherwise included as part of said Annex I shall remain
in effect without any amendment or other modification thereof.

 

Section 2.Conditions
Precedent.

 

The effectiveness of this
Amendment is subject to the satisfaction of all of the following conditions precedent:

 

2.1.          The
Borrower, the Required Lenders, and the Administrative Agent shall have executed and delivered this Amendment.

 

2.2.          Legal
matters incidental to the execution and delivery of this Amendment shall be satisfactory to the Administrative Agent and its counsel.

 

     

     

    

 

Section 3.           Existing
Eurodollar Loans.

 

3.1.          Existing
Eurodollar Loans. Notwithstanding anything herein or in Annex I to the contrary, solely with respect to (a) any Eurodollar
Loan (as such term is used in this Section 3.1, as defined in the Credit Agreement as in effect immediately prior to giving effect
to the provisions of this Amendment on the First Amendment Effective Date) denominated in U.S. Dollars that is outstanding on the First
Amendment Effective Date for which the current Interest Period is or was set prior to the First Amendment Effective Date and (b) any
retroactive margin, yield, fee or commission increases available to the Administrative Agent or the Lenders pursuant to the terms of
the Loan Documents as a result of any inaccuracy in any financial statement or compliance certificate that, if corrected, would have
led to the application of a higher interest margin or yield with respect to any Eurodollar Loan denominated in U.S. Dollars or any higher
fee or commission for any applicable period during which any such Eurodollar Loan was or is outstanding, in each case, the Existing Eurodollar
Related Definitions (as defined below) and provisions in the Loan Documents with respect thereto (as in effect immediately prior to giving
effect to the provisions of this Amendment on the First Amendment Effective Date) shall continue in effect solely for such purpose; provided
that, with respect to any such Eurodollar Loan described in clause (a) of this Section 3.1, such Eurodollar Loan shall
only continue in effect as a Eurodollar Loan in accordance with its terms until the then-current Interest Period for such Eurodollar
Loan has concluded (it being understood and agreed that (i) at the end of such Interest Period for any such Eurodollar Loan, the
Borrower shall have the option to convert all or any portion of any such Eurodollar Loan to a Base Rate Loan or a SOFR Loan denominated
in U.S. Dollars, subject to any applicable notice requirements set forth in Section 2.5(a) of the Credit Agreement, and (ii) if
the Borrower fails to give notice within the period required by Section 2.5(a) of the Credit Agreement of any such conversion
of any such Eurodollar Loan before the last day of such Interest Period and has not notified the Administrative Agent within the period
required by Section 2.7(a) of the Credit Agreement that it intends to prepay such Eurodollar Loan, such Eurodollar Loan shall
automatically be converted into a Borrowing of SOFR Loans denominated in U.S. Dollars with an initial Interest Period of one (1) month.

 

As used herein, “Existing
Eurodollar Related Definition” means any term defined in the Credit Agreement or any other Loan Document (or any partial definition
thereof), in each case, as in effect immediately prior to giving effect to the provisions of this Amendment on the First Amendment Effective
Date, however phrased, primarily relating to the determination, administration or calculation of the Adjusted LIBOR (as such term is used
in this Section 3.1, as defined in the Credit Agreement as in effect immediately prior to giving effect to the provisions of this
Amendment on the First Amendment Effective Date).

 

Section 4.           Representations.

 

In order to induce the Administrative
Agent and the Required Lenders to execute and deliver this Amendment, the Borrower hereby represents to the Administrative Agent and the
Lenders that as of the date hereof (a) the representations and warranties set forth in Section 6 of the Credit Agreement are
and shall be and remain true and correct in all material respects (except in the case of a representation or warranty qualified by materiality,
in which case such representation or warranty shall be true and correct in all respects) as of said time, except to the extent the same
expressly relate to an earlier date (in which case the same shall be true and correct as of such earlier date), and (b) no Default
or Event of Default has occurred and is continuing under the Credit Agreement or shall result after giving effect to this Amendment.

 

    	 	-2-	 

     

    

 

Section 5.            Miscellaneous.

 

5.1.            Except
as specifically amended herein, the Credit Agreement shall continue in full force and effect in accordance with its original terms. Reference
to this specific Amendment need not be made in the Credit Agreement, the Notes, the other Loan Documents, or any other instrument or document
executed in connection therewith, or in any certificate, letter or communication issued or made pursuant to or with respect to the Credit
Agreement, any reference in any of such items to the Credit Agreement being sufficient to refer to the Credit Agreement as amended hereby.
This Amendment is not a novation nor is it to be construed as a release, waiver or modification of any of the terms, conditions, representations,
warranties, covenants, rights or remedies set forth in the Credit Agreement or the other Loan Documents, except as specifically set forth
herein. This Amendment shall be deemed to be a Loan Document for all purposes.

 

5.2.            The
Borrower agrees to pay on demand all reasonable out-of-pocket costs and expenses of or incurred by the Administrative Agent in connection
with the negotiation, preparation, execution and delivery of this Amendment, including the fees and expenses of counsel for the Administrative
Agent.

 

5.3.            This
Amendment may be executed in any number of counterparts, and by the different parties on separate counterpart signature pages, and all
such counterparts taken together shall be deemed to constitute one and the same instrument. Any of the parties hereto may execute this
Amendment by signing any such counterpart and each of such counterparts shall for all purposes be deemed to be an original. Delivery of
a counterpart hereof by facsimile transmission or by e-mail transmission of a Portable Document Format File (also known as an “PDF”
file) shall be effective as delivery of a manually executed counterpart hereof. This Amendment, and the rights and duties of the parties
hereto, shall be construed and determined in accordance with the internal laws of the State of New York.

 

[Signature
Pages to Follow]

 

    	 	-3-	 

     

    

 

This First Amendment to Third
Amended and Restated Credit Agreement is entered into as of the date and year first above written.

 

	 	“ Borrower”
	 	 
	 	LTC Properties, Inc.
	 	 
	 	By:	/s/ Pamela Shelley-Kessler
	 	Name:	Pamela Shelley-Kessler
	 	Title:	Co-President, Chief Financial Officer and Corporate Secretary

 

[Signature
Page to First Amendment to Third Amended and Restated Credit Agreement - LTC Properties, Inc.]

 

    	 	 	 

     

    

 

	 	“Administrative Agent”
	 	 
	 	Bank of Montreal,
    as Administrative Agent and
    as L/C Issuer,
	 	 
	 	By:	/s/ Lloyd Baron
	 	Name:	Lloyd Baron
	 	Title:	Managing Director

 

[Signature
Page to First Amendment to Third Amended and Restated Credit Agreement - LTC Properties, Inc.]

 

    	 	 	 

     

    

 

	 	“ Lenders”
	 	 
	 	Bank of Montreal,
    as a Lender
	 	 
	 	By:	 /s/ Lloyd Baron
	 	Name:	Lloyd Baron
	 	Title:	Managing Director

 

[Signature
Page to First Amendment to Third Amended and Restated Credit Agreement - LTC Properties, Inc.]

 

    	 	 	 

     

    

 

	 	Citizens Bank, N.A.
	 	 
	 	By:	/s/ Brian D. Waldron
	 	Name:	 Brian D. Waldron
	 	Title:	 Senior Vice President

 

[Signature
Page to First Amendment to Third Amended and Restated Credit Agreement - LTC Properties, Inc.]

 

    	 	 	 

     

    

 

	 	KeyBank National Association
	 	 
	 	By:	 /s/ Laura Conway
	 	Name:	 Laura Conway
	 	Title:	 Senior Vice President

 

[Signature
Page to First Amendment to Third Amended and Restated Credit Agreement - LTC Properties, Inc.]

 

    	 	 	 

     

    

 

	 	MUFG Union Bank, N.A.
	 	 
	 	By:	 /s/ Gina M. West
	 	Name:	 Gina M. West
	 	Title:	 Director

 

[Signature
Page to First Amendment to Third Amended and Restated Credit Agreement - LTC Properties, Inc.]

 

    	 	 	 

     

    

 

	 	The Huntington National Bank
	 	 
	 	By:	/s/ Michael J. Kinnich
	 	Name:	 Michael J. Kinnich
	 	Title:	 Managing Director

 

[Signature
Page to First Amendment to Third Amended and Restated Credit Agreement - LTC Properties, Inc.]

 

    	 	 	 

     

    

 

	 	Wells Fargo Bank, National Association,
	 	 
	 	By:	 /s/ Darin Mullis
	 	Name:	 Darin Mullis
	 	Title:	 Managing Director

 

[Signature
Page to First Amendment to Third Amended and Restated Credit Agreement - LTC Properties, Inc.]

 

    	 	 	 

     

    

 

ANNEX
I TO FIRST
AMENDMENT TO

 

THIRD
AMENDED AND RESTATED
CREDIT AGREEMENT

 

[See attached].

 

     

     

    

 

Execution
VersionAnnex I to First Amendment
to

Third
Amended and Restated Credit Agreement

 

 

Third Amended
and Restated Credit Agreement

 

 

Dated as
of November 19, 2021,

 

 

among

 

 

LTC Properties, Inc.,

 

 

the Lenders
from time to time parties hereto,

 

 

Bank of
Montreal,

as Administrative
Agent and L/C Issuer,

 

KeyBank
National Association,

as Syndication
Agent,

 

Citizens
Bank, N.A. and Wells Fargo Bank, National Association,

as Co-Documentation
Agents

 

and

 

Bank of
Montreal,

as Sustainability Agent

 

 

BMO Capital
Markets Corp., Citizens Bank, N.A.,

KeyBank
Capital Markets Inc., and Wells Fargo Securities, LLC,

as Joint
Lead Arrangers and Joint Book Runners

 

and

 

MUFG Union
Bank, N.A.,

as Senior
Managing Agent

 

     

     

    

 

Table
of Contents

 

	Section	Heading	Page
	 	 	 
	Section 1.	Definitions; Interpretation	1
	 	 	 
	Section 1.1.	Definitions	1
	Section 1.2.	Interpretation	39
	Section 1.3.	Change in Accounting Principles	39
	Section 1.4.	Divisions	40
	Section 1.5.	Interest
    Rates	40
	 	 	 
	Section 2.	The Credit Facilities	40
	 	 	 
	Section 2.1.	Commitments	40
	Section 2.2.	Letters of Credit	41
	Section 2.3.	Applicable Interest Rates	45
	Section 2.4.	Minimum Borrowing Amounts; Maximum EurodollarSOFR Loans	46
	Section 2.5.	Manner of Borrowing Loans and Designating Applicable Interest Rates	46
	Section 2.6.	Maturity of Loans	48
	Section 2.7.	Prepayments	48
	Section 2.8.	Default Rate	49
	Section 2.9.	Evidence of Indebtedness	50
	Section 2.10.	Funding Indemnity	50
	Section 2.11.	Revolving Facility Commitment Terminations	51
	Section 2.12.	Substitution of Lenders	51
	Section 2.13.	Incremental Facilities	52
	Section 2.14.	Defaulting Lenders	54
	Section 2.15.	Cash Collateral for Fronting Exposure	56
	Section 2.16	Extension of the Stated Revolving Credit Termination Date	57
	Section 2.17	Sustainability-linked Margin Adjustments	58
	 	 	 
	Section 3.	Fees	58
	 	 	 
	Section 3.1.	Fees	58
	 	 	 
	Section 4.	Place and Application of Payments	59
	 	 	 
	Section 4.1.	Place and Application of Payments	59
	Section 4.2.	Account Debit	61
	 	 	 
	Section 5.	Reserved	61

 

    

     

    

 

	Section 6.	Representations and Warranties	61
	 	 	 
	Section 6.1.	Organization and Qualification	61
	Section 6.2.	Subsidiaries	61
	Section 6.3.	Authority and Validity of Obligations	61
	Section 6.4.	Use of Proceeds; Margin Stock	62
	Section 6.5.	Financial Reports	62
	Section 6.6.	No Material Adverse Change	62
	Section 6.7.	Full Disclosure	63
	Section 6.8.	Trademarks, Franchises, and Licenses	63
	Section 6.9.	Governmental Authority and Licensing	63
	Section 6.10.	Good Title	63
	Section 6.11.	Litigation and Other Controversies	63
	Section 6.12.	Taxes	63
	Section 6.13.	Approvals	64
	Section 6.14.	Affiliate Transactions	64
	Section 6.15.	Investment Company	64
	Section 6.16.	ERISA	64
	Section 6.17.	Compliance with Laws	64
	Section 6.18.	Other Agreements	65
	Section 6.19.	OFAC	66
	Section 6.20.	No Default	66
	Section 6.21.	Solvency	66
	Section 6.22.	No Broker Fees	66
	Section 6.23.	Stock of the Borrower	66
	Section 6.24.	Condition of Property; Casualties; Condemnation	66
	Section 6.25.	Legal Requirements and Zoning	67
	 	 	 
	Section 7.	Conditions Precedent	67
	 	 	 
	Section 7.1.	All Credit Events	67
	Section 7.2.	Initial Credit Event	68
	 	 	 
	Section 8.	Covenants	69
	 	 	 
	Section 8.1.	Maintenance of Business	69
	Section 8.2.	Maintenance of Properties	69
	Section 8.3.	Taxes and Assessments	69
	Section 8.4.	Insurance	70
	Section 8.5.	Financial Reports	70
	Section 8.6.	Inspection	72
	Section 8.7.	Office of Foreign Asset Control	72
	Section 8.8.	Liens	73
	Section 8.9.	Mergers, Consolidations, Divisions and Sales	73
	Section 8.10.	Maintenance of Unencumbered Asset Subsidiaries	73
	Section 8.11.	ERISA	74
	Section 8.12.	Compliance with Laws and Contractual Obligations	74
	Section 8.13.	Burdensome Contracts With Affiliates	75
	Section 8.14.	No Changes in Fiscal Year	75

 

    -ii-

     

    

 

	Section 8.15.	Compliance with OFAC Sanctions Programs and Anti-Corruption Laws	75
	Section 8.16.	Change in the Nature of Business	76
	Section 8.17.	Use of Loan Proceeds	76
	Section 8.18.	No Restrictions	76
	Section 8.19.	Financial Covenants	77
	Section 8.20.	Note Agreement Notices	77
	Section 8.21.	Modification of Material Contracts	77
	Section 8.22.	Limitations on Guaranties of Indebtedness	78
	 	 	 
	Section 9.	Events of Default and Remedies	78
	 	 	 
	Section 9.1.	Events of Default	78
	Section 9.2.	Non-Bankruptcy Defaults	80
	Section 9.3.	Bankruptcy Defaults	80
	Section 9.4.	Collateral for Undrawn Letters of Credit	82
	Section 9.5.	Notice of Default	82
	 	 	 
	Section 10.	Change in Circumstances	82
	 	 	 
	Section 10.1.	Change of Law	82
	Section 10.2.	Unavailability
    of Deposits or Inability to Ascertain,
    or Inadequacy of, LIBORDetermine
    Rates; Effect
    of a Benchmark Transition Event	83
	Section 10.3.	Increased Cost and Reduced Return	85
	Section 10.4.	Lending Offices	87
	Section 10.5.	Discretion of Lender as to Manner of Funding	87
	Section 10.6.	Effect of a Benchmark Transition Event	87
	 	 	 
	Section 11.	The Administrative Agent	89
	 	 	 
	Section 11.1.	Appointment and Authority	89
	Section 11.2.	Rights as a Lender	89
	Section 11.3.	Action by Administrative Agent; Exculpatory Provisions	89
	Section 11.4.	Reliance by Administrative Agent	90
	Section 11.5.	Delegation of Duties	91
	Section 11.6.	Resignation of Administrative Agent	91
	Section 11.7.	Non-Reliance on Administrative Agent and Other Lenders	92
	Section 11.8.	L/C Issuer	92
	Section 11.9.	Designation of Additional Agents	93
	Section 11.10.	Authorization of Administrative Agent to File Proofs of Claim	93
	Section 11.11.	Recovery of Erroneous Payments	94
	 	 	 
	Section 12.	Miscellaneous	94
	 	 	 
	Section 12.1.	Taxes	94

 

    -iii-

     

    

 

	Section 12.2.	Other Taxes	98
	Section 12.3.	No Waiver, Cumulative Remedies	98
	Section 12.4.	Non-Business Days	98
	Section 12.5.	Survival of Representations	98
	Section 12.6.	Survival of Indemnities	98
	Section 12.7.	Sharing of Payments by Lenders	99
	Section 12.8.	Notices	99
	Section 12.9.	Counterparts	101
	Section 12.10.	Successors and Assigns	102
	Section 12.11.	Amendments	106
	Section 12.12.	Headings	107
	Section 12.13.	Costs and Expenses; Indemnification	107
	Section 12.14.	Set-off	108
	Section 12.15.	Entire Agreement	109
	Section 12.16.	Governing Law	109
	Section 12.17.	Severability of Provisions	109
	Section 12.18.	Excess Interest	109
	Section 12.19.	Construction	110
	Section 12.20.	Lender’s and L/C Issuer’s Obligations Several	110
	Section 12.21.	No Advisory or Fiduciary Responsibility	110
	Section 12.22.	Submission to Jurisdiction; Waiver of Jury Trial	111
	Section 12.23.	USA Patriot Act	111
	Section 12.24.	Confidentiality	111
	Section 12.25.	Acknowledgement and Consent to Bail-In of Affected Financial Institutions	112
	Section 12.26.	Amendment and Restatement; No Novation	112
	Section 12.27.	Acknowledgement Regarding Any Supported QFCs	113
	Section 12.28.	Equalization of Loans and Commitments	114

  

    -iv-

     

    

 

Third
Amended and Restated Credit Agreement

 

This Third Amended and Restated
Credit Agreement is entered into as of November 19, 2021, by and among LTC Properties, Inc.,
a Maryland corporation (the “Borrower”), the several financial institutions from time to time party to this Agreement,
as Lenders, and Bank of Montreal, a Canadian chartered bank,
as Administrative Agent and L/C Issuer as provided herein. All capitalized terms used herein without definition shall have the
same meanings herein as such terms are defined in Section 1.1.

 

Preliminary
Statement

 

Whereas,
the Borrower, the financial institutions party thereto as “Lenders” and Bank of Montreal, Chicago Branch, as Administrative
Agent and the L/C Issuer, previously entered into a Second Amended and Restated Credit Agreement dated as of June 27, 2018, (as heretofore
extended, renewed, amended, modified, amended and restated or supplemented, the “Prior Credit Agreement”).

 

Whereas,
the Borrower has requested that (i) the maturity date under the Prior Credit Agreement be extended, and (ii) certain other amendments
be made to the Prior Credit Agreement, and the Administrative Agent, the L/C Issuer and the Lenders have agreed to such requests on the
terms and conditions set forth in this Agreement, which, for the sake of clarity and convenience, amends and restates the Prior Credit
Agreement in its entirety.

 

Now,
Therefore, in consideration of their mutual agreements contained herein, and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto hereby amend and restate the Prior Credit Agreement in its entirety
as follows:

 

Section 1.            Definitions;
Interpretation.

 

Section 1.1.            Definitions.
The following terms when used herein shall have the following meanings:

 

“2025 Term Credit
Commitment” means, as to any Lender, the obligation of such Lender to make its 2025 Term Loan in the principal amount not to
exceed the applicable amount set forth opposite such Lender’s name on Schedule 1 attached hereto and made a part hereof. The Borrower
and the Lenders acknowledge and agree that the 2025 Term Credit Commitment of the Lenders aggregate $50,000,000 on the Closing Date.

 

“2026 Term Credit
Commitment” means, as to any Lender, the obligation of such Lender to make its 2026 Term Loan in the principal amount not to
exceed the applicable amount set forth opposite such Lender’s name on Schedule 1 attached hereto and made a part hereof. The Borrower
and the Lenders acknowledge and agree that the 2026 Term Credit Commitment of the Lenders aggregate $50,000,000 on the Closing Date.

 

    

     

    

 

“2025 Term Credit
Termination Date” means the earlier of (i) November 19, 2025, and (ii) the date on which the principal amount
of the 2025 Term Loans has been declared or automatically has become due and payable (whether by acceleration or otherwise).

 

“2026 Term Credit
Termination Date” means the earlier of (i) November 19, 2026, and (ii) the date on which the principal amount
of the 2026 Term Loans has been declared or automatically has become due and payable (whether by acceleration or otherwise).

 

“2025 Term Loan”
is defined in Section 2.1(a) hereof and, as so defined, includes a Base Rate Loan or a EurodollarSOFR
Loan, each of which is a “type” of 2025 Term Loan hereunder.

 

“2026 Term Loan”
is defined in Section 2.1(a) hereof and, as so defined, includes a Base Rate Loan or a EurodollarSOFR
Loan, each of which is a “type” of 2026 Term Loan hereunder.

 

“2025 Term Loan Percentage”
means, as to any Lender, the percentage of the aggregate 2025 Term Credit Commitments represented by such Lender’s 2025 Term Credit
Commitment, or if the 2025 Term Credit Commitments have been terminated or have expired, the percentage held by such Lender of the aggregate
amount of all 2025 Term Loans then outstanding.

 

“2026 Term Loan Percentage”
means, as to any Lender, the percentage of the aggregate 2026 Term Credit Commitments represented by such Lender’s 2026 Term Credit
Commitment, or if the 2026 Term Credit Commitments have been terminated or have expired, the percentage held by such Lender of the aggregate
amount of all 2026 Term Loans then outstanding.

 

“Adjusted
LIBOR” means, for any Borrowing of Eurodollar Loans, a rate per annum determined in accordance with the following
formula:

 

Adjusted
LIBOR            =            LIBOR

1 - Eurodollar Reserve Percentage

 

“Administrative Agent”
means Bank of Montreal, in its capacity as Administrative Agent hereunder, and any successor in such capacity pursuant to Section 11.6.

 

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

 

“Adjusted
Term SOFR” means with respect to any tenor, the per annum rate equal to the sum of (i) Term SOFR plus (ii) 0.10%
(10 basis points).

 

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

 

“Affiliate”
means any Person directly or indirectly controlling or controlled by, or under direct or indirect common control with, another Person.
A Person shall be deemed to control another Person for purposes of this definition if such 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,
common directors, trustees or officers, by contract or otherwise; provided that, in any event for purposes of this definition,
any Person that owns, directly or indirectly, 20% or more of the securities having the ordinary voting power for the election of directors
or governing body of a corporation or 20% or more of the partnership or other ownership interest of any other Person (other than as a
limited partner of such other Person) will be deemed to control such corporation or other Person.

 

    -2-

     

    

 

“Agreement”
means this Third Amended and Restated Credit Agreement, as the same may be extended, renewed, amended, modified, amended and restated
or supplemented from time to time pursuant to the terms hereof.

 

“Anti-Corruption
Law” means the FCPA and any law, rule or regulation of any jurisdiction concerning or relating to bribery or corruption
that are applicable to the Borrower or any Subsidiary or Affiliate.

 

“Applicable Margin”
means:

 

(a)            Prior
to and on an Interest Rate Election Date (if any), with respect to Loans, Reimbursement Obligations, and the Facility Fee and letter of
credit fees payable under Section 3.1, until the first Pricing Date, the rates per annum shown opposite Level II below, and thereafter
from one Pricing Date to the next the Applicable Margin means the rates per annum determined in accordance with the following schedule:

 

	Level	 	Ratio of Total
 Indebtedness to

 Total
 Asset Value for

 Such
 Pricing Date	 	Applicable 

Margin
 for Base Rate

 Loans under

 the Revolving

 Credit 
 and

 Reimbursement
 Obligations

 shall be:	 	 	Applicable 

Margin for 
 Eurodollar

SOFR Loans

 under the

 Revolving

 Credit and
 Letter of

 Credit Fee

 Shall Be:	 	 	Applicable 

Margin
 for Facility

 Fee
 Shall Be:	 	 	 
 
Applicable 

Margin
 for Term 

Loans that are 

Base Rate Loans
 shall be:
	 	 	 
 
Applicable

Margin for 

Term Loans 

that are 

Eurodollar

SOFR Loans

Shall Be:
	 
	VI	 	Greater than 0.55 to 1.0	 	 	0.55	%	 	 	1.55	%	 	 	0.35	%	 	 	0.90	%	 	 	1.90	%
	V	 	Less than or equal to 0.55 to 1.0 but greater than 0.50 to 1.0	 	 	0.30	%	 	 	1.30	%	 	 	0.30	%	 	 	0.60	%	 	 	1.60	%
	IV	 	Less than or equal to 0.50 to 1.0 but greater than 0.45 to 1.0	 	 	0.25	%	 	 	1.25	%	 	 	0.25	%	 	 	0.50	%	 	 	1.50	%
	III	 	Less than or equal to 0.45 to 1.0 but greater than 0.40 to 1.0	 	 	0.20	%	 	 	1.20	%	 	 	0.20	%	 	 	0.40	%	 	 	1.40	%

 

    -3-

     

    

 

	Level	 	Ratio of Total
 Indebtedness to

 Total
 Asset Value for

 Such
 Pricing Date	 	Applicable 

Margin
 for Base Rate

 Loans under

 the Revolving

 Credit 
 and

 Reimbursement
 Obligations

 shall be:	 	 	Applicable 

Margin for 
 Eurodollar

SOFR Loans

 under the

 Revolving

 Credit and
 Letter of

 Credit Fee

 Shall Be:	 	 	Applicable 

Margin
 for Facility

 Fee
 Shall Be:	 	 	 
 
Applicable 

Margin
 for Term 

Loans that are 

Base Rate Loans
 shall be:
	 	 	 
 
Applicable

Margin for 

Term Loans 

that are 

Eurodollar

SOFR Loans

Shall Be:
	 
	II	 	Less than or equal to 0.40 to 1.0 but greater than 0.35 to 1.0	 	 	0.15	%	 	 	1.15	%	 	 	0.20	%	 	 	0.35	%	 	 	1.35	%
	I	 	Less than or equal to 0.35 to 1.0	 	 	0.10	%	 	 	1.10	%	 	 	0.15	%	 	 	0.25	%	 	 	1.25	%

 

For
purposes hereof, the term “Pricing Date” means, for any Fiscal Quarter of the Borrower ending on or after September 30,
2021, the date on which the Administrative Agent is in receipt of the Borrower’s most recent financial statements and current Compliance
Certificate (and, in the case of the year-end financial statements, audit report) for the Fiscal Quarter then ended, pursuant to Section 8.5
(for the sake of clarity, the financial statements and Compliance Certificate for the Fiscal Quarter of the Borrower ending September 30,
2021 are required to be delivered on or before November 30, 2021). The Applicable Margin shall be established based on the ratio
of Total Indebtedness to Total Asset Value for the most recently completed Fiscal Quarter and the Applicable Margin established on a Pricing
Date shall remain in effect until the next Pricing Date. If the Borrower has not delivered its financial statements, including a Compliance
Certificate, by the date such financial statements (and, in the case of the year-end financial statements, audit report) are required
to be delivered under Section 8.5, until such financial statements and audit report are delivered, the Applicable Margin shall be
the highest Applicable Margin (i.e., Level VI shall apply). If the Borrower subsequently delivers such financial statements before
the next Pricing Date, the Applicable Margin established by such late delivered financial statements shall take effect from the date of
delivery until the next Pricing Date. In all other circumstances, the Applicable Margin established by such financial statements shall
be in effect from the Pricing Date that occurs immediately after the end of the Fiscal Quarter covered by such financial statements until
the next Pricing Date. Each determination of the Applicable Margin made by the Administrative Agent in accordance with the foregoing shall
be conclusive and binding on the Borrower and the Lenders if reasonably determined. The parties understand that the Applicable Margin
set forth herein may be determined and/or adjusted from time to time based upon certain financial ratios and/or other information to be
provided or certified to the Administrative Agent, the Lenders and the L/C Issuer by the Borrower (the “Borrower Information”).
If it is subsequently determined that any such Borrower Information was incorrect
(for whatever reason, including, without limitation, because of a subsequent restatement of earnings by the Borrower) at the time it was
delivered to the Administrative Agent, the Lenders and the L/C Issuer, and if the applicable interest rate or fees calculated for any
period were lower than they should have been had the correct information been timely provided, then, such Applicable Margin for such period
shall be automatically recalculated using correct Borrower Information. The Administrative Agent shall promptly notify the Borrower in
writing of any additional interest and fees due because of such recalculation, and the Borrower shall pay within five (5) Business
Days of receipt of such written notice such additional interest or fees due to the Administrative Agent, for the account of each Lender
holding Commitments and Loans at the time the additional interest and fee payment is received. Any recalculation of the Applicable Margin
required by this provision shall survive for a period of two (2) months following the termination of this Agreement, and this provision
shall not in any way limit any of the Administrative Agent’s, L/C Issuer’s or any Lender’s other rights under this Agreement.

 

    -4-

     

    

 

(b)            Commencing
on the date after an Interest Rate Election Date (if any), with respect to Loans, Reimbursement Obligations, and the Facility Fee and
letter of credit fees payable under Section 3.1, means the rates per annum determined in accordance with the following schedule:

 

	Level	 	Borrower’s 

Credit

 Rating	 	Applicable 

Margin
 for Base Rate

 Loans under 

the Revolving Credit 
 and 

Reimbursement
 Obligations

 shall be:	 	 	Applicable 

Margin for
 Eurodollar

SOFR Loans

 under the

 Revolving

 Credit and
 Letter of

 Credit Fee

 Shall Be:	 	 	Applicable 

Margin
 for Facility 

Fee
 Shall Be:	 	 	Applicable 

Margin
 for Term 

Loans that 

are Base 

Rate Loans
 shall be:	 	 	Applicable 

Margin for Term

 Loans that are
 EurodollarSOFR 

Loans Shall Be:	 
	V	 	Lower than BBB-/Baa3	 	 	0.55	%	 	 	1.55	%	 	 	0.300	%	 	 	0.85	%	 	 	1.85	%
	IV	 	BBB-/Baa3	 	 	0.20	%	 	 	1.20	%	 	 	0.250	%	 	 	0.45	%	 	 	1.45	%
	III	 	BBB/Baa2	 	 	0.00	%	 	 	1.00	%	 	 	0.200	%	 	 	0.20	%	 	 	1.20	%
	II	 	BBB+/Baa1	 	 	0.00	%	 	 	0.90	%	 	 	0.150	%	 	 	0.05	%	 	 	1.05	%
	I	 	A-/A3 or better	 	 	0.00	%	 	 	0.825	%	 	 	0.125	%	 	 	0.00	%	 	 	0.950	%

 

    -5-

     

    

 

During any period that the
Borrower has two Credit Ratings that are not equivalent, but are adjacent to each other in the immediately preceding pricing grid, then
the Applicable Margin will be determined based on the lowest rating. During any period that the Borrower has either (i) two Credit
Ratings that are not equivalent and are not adjacent to each other in the immediately preceding pricing grid or (ii) three Credit
Ratings that are each not equivalent to each other, then the Applicable Margin will be determined based on the level that is one level
above the lowest of such Credit Ratings. During any period after the Interest Rate Election that the Borrower has fewer than two Credit
Ratings, the Applicable Margin will be determined based on Level V of the grid immediately above. Any change in the Borrower’s Credit
Rating which would cause it to move to a different Level shall be effective five (5) Business Days after (i) the Administrative
Agent’s receipt of notice of any such change in the Borrower’s Credit Rating from Borrower pursuant to Section 8.5 or
(ii) notwithstanding Section 8.5, any date Administrative Agent otherwise obtains knowledge of any such change (provided
that Administrative Agent shall have no duty or obligation to any Person to ascertain or inquire into the Borrower’s Credit Rating).
If it is subsequently determined that any change in the Borrower’s Credit Rating was not disclosed to Administrative Agent in accordance
with Section 8.5, and if the applicable interest rate or fees calculated for any period were lower than they should have been had
the correct information been timely provided in accordance with Section 8.5, then such Applicable Margin for such period shall be
automatically recalculated using the Borrower’s correct Credit Rating. The Administrative Agent shall promptly notify the Borrower
in writing of any additional interest and fees due because of such recalculation, and the Borrower shall pay within five (5) Business
Days of receipt of such written notice such additional interest or fees due to the Administrative Agent, for the account of each Lender
holding Commitments and Loans at the time the additional interest and fee payment is received. Any recalculation of the Applicable Margin
required by this provision shall survive for a period of two (2) months following the termination of this Agreement, and this provision
shall not in any way limit any of the Administrative Agent’s, L/C Issuer’s or any Lender’s other rights under this Agreement.

 

    -6-

     

    

 

“Application”
is defined in Section 2.2(b).

 

“Approved Fund”
means any Fund that has been approved by Borrower (such approval not to be unreasonably withheld or delayed and such approval not
to be required if an Event of Default has occurred and is continuing) and 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.

 

“Assets Under Development”
means any real property under construction other than Redevelopment Assets.

 

“Assignment and Acceptance”
means an assignment and acceptance entered into by a Lender and an Eligible Assignee (with the consent of any party whose consent is required
by Section 12.10), and accepted by the Administrative Agent, in substantially the form of Exhibit F or any other form approved
by the Administrative Agent.

 

“Authorized Representative”
means those persons shown on the list of officers provided by the Borrower pursuant to Section 7.2 or on any update of any such list
provided by the Borrower to the Administrative Agent, or any further or different officers of the Borrower so named by any Authorized
Representative of the Borrower in a written notice to the Administrative Agent.

 

“Available Tenor”
means, as of any date of determination and with respect to the then-current Benchmark, as applicable, (x) if the
then-currentsuch Benchmark is a term rate, any tenor
for such Benchmark (or component thereof) that is or may be used
for determining the length of an Interest Period pursuant to this Agreement
or (y) otherwise, any payment period for interest calculated with reference to such Benchmark, as
applicable, pursuant to this Agreement (or
component thereof) that is or may be used for determining any frequency of making payments of interest calculated with reference to such
Benchmark, in each case, as of such date and not including, for
the avoidance of doubt, any tenor for such Benchmark that is then-removed from the definition of “Interest Period” pursuant
to Section 10.2(b).

 

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

 

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

 

    -7-

     

    

 

“Bank Product Obligations”
means any and all obligations of the Loan Parties or any of their Subsidiaries, whether absolute or contingent and howsoever and whensoever
created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor) in connection
with Bank Products.

 

“Bank Products”
means each and any of the following bank products and services provided to any Loan Party or any of their Subsidiaries by any Lender or
any of its Affiliates: (a) credit or charge cards for commercial customers (including, without limitation, “commercial credit
cards” and purchasing cards), (b) stored value cards, and (c) depository, cash management, and treasury management services
(including, without limitation, controlled disbursement, automated clearinghouse transactions, return items, overdrafts and interstate
depository network services).

 

“Base Rate”
means, for any day, the rate per annum equal to the greatest of: (a) the rate of interest announced or otherwise established by the
Administrative Agent from time to time as its prime commercial rate, or its
equivalent, for U.S. Dollar loans to borrowers located in the United States as in effect on such day, with any change in the
Base Rate resulting from a change in said prime commercial rate to be effective as of the date of the relevant change in said prime commercial
rate (it being acknowledged and agreed that such rate may not be the Administrative Agent’s best or lowest rate), (b) the sum
of (i) the Federal Funds Rate for such day, plus (ii) 1/2 of 1%,
and (c) the LIBOR Quoted Rate forsum
of (i) Term SOFR for a one-month tenor in effect on such day plus 1.00(ii) 1.10%.
As used herein,Any change
in the term “LIBOR QuotedBase
Rate” means, for any day, the rate per annum equal due
to a change in the quotient of
(i) theprime rate per
annum (rounded upwards, if necessary, to the next higher one hundred-thousandth of a percentage point) for deposits in U.S. Dollars for
a one-month interest period as reported on the applicable Bloomberg screen page (or such other commercially available source providing
such quotations as may be designated by the Administrative Agent from time to time) as of 11:00 a.m. (London, England time) on such
day (or, if such day is not a Business Day, the Federal Funds
Rate or Term SOFR, as applicable, shall be effective from and including the effective date of the change in such rate. If the Base Rate
is being used as an alternative rate of interest pursuant to Section 10.1 or Section 10.2, onthen
the immediately preceding Business Day) divided byBase
Rate shall be the greater of clauses (a) and (iib)
oneabove and shall be determined
without reference to clause (1c)
minus the Eurodollar Reserve Percentageabove,
provided that in no eventif
Base Rate as determined above shall the “LIBOR Quoted Rate”ever
be less than the Floor, then Base Rate shall be deemed to be
the Floor.

 

“Base Rate Loan”
means a Loan bearing interest at a rate specified in Section 2.3(a).

 

“Benchmark”
means, initially, LIBORthe
Term SOFR Reference Rate; provided that if replacement of thea
Benchmark Transition Event has occurred pursuant
to Section 10.6with respect to the Term SOFR Reference
Rate or the then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement to the extent that
such Benchmark Replacement has replaced such prior benchmark rate. Any reference to “Benchmark”
shall include, as applicable, the published component used in the calculation thereof pursuant
to 10.2(b).

 

    -8-

     

    

 

“Benchmark Replacement”
means, for any Available Tenor, the first alternative set forth below that can be determined byeither
of the following to the extent selected by Administrative
Agent: in its unilateral discretion,

 

(1)            For
the purposes of Section 10.6(a):

 

(a)            the
sum of: (a) Term SOFR and (b) 0.11448% (11.448 basis points) for an Available Tenor of one-month’s
duration, 0.26161% (26.161 basis points) for an Available Tenor of three-months’
duration, and 0.42826% (42.826 basis points) for an Available Tenor of six-months’
duration;

 

(b)            the
sum of: (aa)            the
sum of (i) Daily Simple SOFR and (bii)
0.114480.10% (11.44810
basis points); or

 

(2b)            For
the purposes of Section 10.6(b), the sum of: (ai)
the alternate benchmark rate and (b) and adjustment that may be positive, negative or zero in each
case that has been selected by the Administrative Agent and the Borrower as the replacement
for such Available Tenor of such Benchmark giving due consideration to any evolving
or then-prevailing market convention including(A) any
applicableselection or
recommendation made by the Relevant Governmental
Body,of a replacement benchmark
rate or the mechanism for determining such a rate by
the Relevant Governmental Body or (B) any
evolving or then-prevailing market convention for
determining a benchmark rate as a replacement to the then-current Benchmark for U.S.
dollarDollar-denominated syndicated credit facilities
at such time; and (ii) the
related Benchmark Replacement Adjustment.

 

If the Benchmark Replacement
as determined pursuant to clause (1a)
or (2b) above would
be less than the Floor, the Benchmark Replacement will be deemed to be the Floor for the purposes of this Agreement and the other Loan
Documents.

 

“Benchmark Replacement
Conforming Changes” means, with respect to
any Benchmark Replacement, any technical, administrative or operational changes (including changes to the
definition of “Base Rate,” the definition of “Business Day,” the definition of “Interest Period,”
the timing and frequency of determining rates and making payments of interest, the timing of borrowing requests or prepayment, conversion
or continuation notices, the applicability and length of lookback periods, the applicability of breakage provisions, and other technical,
administrative or operational matters) that the Administrative Agent decides may be appropriate to reflect the adoption and implementation
of such Benchmark Replacement and to permit the administration thereof
by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent decides that adoption
of any portion of such market practice is not administratively feasible or if the Administrative Agent determines that no market practice
for the administration of such Benchmark Replacement exists, in such
other manner of administration as the Administrative Agent decides is reasonably necessary in connection with the administration of this
Agreement and the other Loan DocumentsAdjustment”
means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement, the spread adjustment,
or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected
by the Administrative Agent and the Borrower giving due consideration to (a) any selection or recommendation of a spread adjustment,
or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted
Benchmark Replacement by the Relevant Governmental Body or (b) any evolving or then-prevailing market convention for determining
a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable
Unadjusted Benchmark Replacement for Dollar-denominated syndicated
credit facilities.

 

    -9-

     

    

 

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

 

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

 

(b)            in
the case of clause (c) of the definition of “Benchmark Transition Event”, the first date on which such Benchmark (or
the published component used in the calculation thereof) has been determined and announced by or on behalf of the administrator of such
Benchmark (or such component thereof) or the regulatory supervisor for the administrator of such Benchmark (or such component thereof)
to be non-representative; provided, that such non-representativeness will be determined by reference to the most recent statement or publication
referenced in such clause (c) and even if any Available Tenor of such Benchmark (or such component thereof) continues to be provided
on such date.

 

For
the avoidance of doubt, the “Benchmark Replacement Date” will be deemed to have occurred in the case of clause (a) or
(b) with respect to any Benchmark upon the occurrence of the applicable event or events set forth therein with respect to all then-current
Available Tenors of such Benchmark (or the published component used in the calculation thereof).

 

“Benchmark Transition
Event” means, the
occurrence of one or more of the following events with respect to anythe
then-current Benchmark other than the LIBOR, the occurrence of :

 

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

 

    -10-

     

    

 

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

 

(c)            a
public statement or publication of information by or on behalf of the administrator of such Benchmark (or the published component used
in the calculation thereof) or the regulatory supervisor for the administrator of such Benchmark (or such component thereof) announcing
that all Available Tenors of such Benchmark (or such component thereof) are no
longer, or as of a specified future date will no longer
be, representative of the underlying
market and economic reality that such Benchmark is intended to measure and that representativeness will not be restored.
.

 

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

 

“Benchmark
Unavailability Period” means the period (if any) (a) beginning at the time that a Benchmark Replacement Date has
occurred if, at such time, no Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Loan
Document in accordance with Section 10.2(b) and (b) ending at the time that a Benchmark Replacement has replaced the then-current
Benchmark for all purposes hereunder and under any Loan Document in accordance with Section 10.2(b).

 

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

 

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

 

“Borrower”
is defined in the introductory paragraph of this Agreement.

 

“Borrowing”
means the total of Loans of a single type advanced, continued for an additional Interest Period, or converted from a different type into
such type on a single date and, in the case of EurodollarSOFR
Loans, for a single Interest Period. Borrowings of Loans are made and maintained ratably from each of the Lenders according to their Percentages.
A Borrowing is “advanced” on the day Lenders advance funds comprising such Borrowing to the Borrower, is “continued”
on the date a new Interest Period for the same type of Loans commences for such Borrowing, and is “converted” when
such Borrowing is changed from one type of Loans to the other, all as determined pursuant to Section 2.5.

 

    -11-

     

    

 

“Business Day”
means any day (other than a Saturday or Sunday) on which banks are not authorized or required to close in Chicago, Illinois and,
if the applicable Business Day relates to the advance or continuation of, or conversion into, or payment of a Eurodollar Loan, on which
banks are dealing in U.S. Dollar deposits in the interbank eurodollar market in London, England and Nassau, Bahamas.

 

“Capital Lease”
means any Lease of Property which in accordance with GAAP is required to be capitalized on the balance sheet of the lessee.

 

“Capitalization Rate”
means (a) 8.0% for assisted living facilities, (b) 10.0% for skilled nursing facilities (“SNF’s”),
(c) 7.5% for Non-Government Reimbursed Properties that are independent living facilities, (d) 10.0% for hospitals, (e) 8.0%
for Non-Government Reimbursed Properties that are not independent living facilities, and (f) 10.0% for other Government Reimbursed
Properties.

 

“Capitalized Lease
Obligation” means, for any Person, the amount of the liability shown on the balance sheet of such Person in respect of a Capital
Lease determined in accordance with GAAP.

 

“Cash Collateralize”
means, to pledge and deposit with or deliver to the Administrative Agent, for the benefit of the L/C Issuer or Lenders, as collateral
for L/C Obligations or obligations of Lenders to fund participations in respect of L/C Obligations, cash or deposit account balances subject
to a first priority perfected security interest in favor of the Administrative Agent or, if the Administrative Agent and the L/C Issuer
shall agree in their sole discretion, other credit support, in each case pursuant to documentation in form and substance reasonably satisfactory
to the Administrative Agent and the L/C Issuer. “Cash Collateral” shall have a meaning correlative to the foregoing
and shall include the proceeds of such cash collateral and other credit support.

 

“Cash Equivalents”
means (a) marketable direct obligations issued by, or unconditionally guaranteed by, the United States or issued by any agency
thereof and backed by the full faith and credit of the United States, in each case maturing within one (1) year from the date of
acquisition thereof, (b) marketable direct obligations issued or fully guaranteed by any state of the United States or any political
subdivision of any such state or any public instrumentality thereof maturing within one (1) year from the date of acquisition thereof
and, at the time of acquisition, having one of the two highest ratings obtainable from either S&P or Moody’s, (c) commercial
paper maturing within one (1) year from the date of creation thereof and, at the time of acquisition, having a rating of at least
A-1 from S&P or at least P-1 from Moody’s, (d) certificates of deposit, time deposits, overnight bank deposits or bankers’
acceptances maturing within one (1) year from the date of acquisition thereof issued by any bank organized under the laws of the
United States or any state thereof or the District of Columbia having at the date of acquisition thereof combined capital and surplus
of not less than $250,000,000, (e) deposit accounts maintained with (i) any bank that satisfies the criteria described in clause
(d) above, or (ii) any other bank organized under the laws of the United States or any state thereof so long as the full amount
maintained with any such other bank is fully insured by the Federal Deposit Insurance Corporation, (f) repurchase obligations of
any commercial bank satisfying the requirements of clause (d) of this definition or recognized securities dealer having combined
capital and surplus of not less than $250,000,000, having a term of not more than seven (7) days, with respect to securities satisfying
the criteria in clauses (a) or (d) above, provided all such agreements require physical delivery of the securities securing
such repurchase agreement, except those delivered through the Federal Reserve Book Entry System, and (g) investments in money market
funds substantially all of whose assets are invested in the types of assets described in clauses (a) through (f) above.

 

    -12-

     

    

 

“CERCLA” means
the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended by the Superfund Amendments and Reauthorization
Act of 1986, 42 U.S.C. §§9601 et seq., and any future amendments.

 

“Change in Law”
means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or taking effect of any law, rule,
regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation
or application thereof by any Governmental Authority, or (c) the making or issuance of any request, rule, guideline or directive
(whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary,
(x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, regulations, 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 Law”, regardless of the date
enacted, adopted or issued.

 

“Change of Control”
means any of (a) the acquisition by any “person” or “group” (as such terms are used in sections
13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) at any time of beneficial ownership of 50% or more of the
outstanding capital stock or other equity interests of the Borrower on a fully-diluted basis, (b) any “Change of Control”
(or words of like import), as defined in any agreement or indenture relating to any issue of Indebtedness for Borrowed Money in excess
of 5% of the Total Asset Value shall occur or (c) during any twelve (12) month period on or after the date hereof, individuals who
at the beginning of such period constituted the Board of Directors of the Borrower (together with any new directors whose election by
the Board of Directors or whose nomination for election by the shareholders of the Borrower was approved by a vote of at least a majority
of the members of the Board of Directors then in office who either were members of the Board of Directors at the beginning of such period
or whose election or nomination for election was previously so approved) cease for any reason to constitute a majority of the members
of the Board of Directors then in office.

 

“Closing Date”
means the date of this Agreement or such later Business Day upon which each condition described in Section 7.2 shall be satisfied
or waived in a manner acceptable to the Administrative Agent in its discretion.

 

“Code”
means the Internal Revenue Code of 1986, as amended, and any successor statute thereto.

 

    -13-

     

    

 

“Collateral Account”
is defined in Section 9.4.

 

“Commitment”
means the Revolving Credit Commitment, the 2025 Term Credit Commitment, the 2026 Term Credit Commitment, and, if any, the Incremental
Term Credit Commitment.

 

“Commitment Amount
Increase” is defined in Section 2.13.

 

“Commonly Controlled
Entity” means an entity, whether or not incorporated, that is under common control with the Borrower within the meaning of Section 4001
of ERISA or that is part of a group that includes the Borrower and is treated as a single employer under Section 414(b), (c) or
(m) of the Code.

 

“Compliance Certificate”
is defined in Section 8.5(c).

 

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

 

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

 

“Controlled Group”
means all members of a controlled group of corporations and all trades or businesses (whether or not incorporated) under common control
which, together with the Borrower, are treated as a single employer under Section 414 of the Code.

 

“Credit Event”
means the advancing of any Loan, or the issuance of, or extension of the expiration date or increase in the amount of, any Letter of Credit.

 

“Credit Rating”
means the rating assigned by a Rating Agency to the Borrower for the senior, unsecured, non-credit enhanced long-term indebtedness of
the Borrower.

 

    -14-

     

    

 

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

 

“Debt Service”
means, for any period, the sum of (a) Interest Expense for such period and (b) the greater of (i) zero or (ii) scheduled
principal amortization paid on Secured Debt (exclusive of any balloon payments or prepayments of principal paid on such Secured Debt)
for such period, less amortized principal payments received on the Borrower’s and its Subsidiaries’ mortgage loans receivable
(exclusive of any balloon payments or prepayments of principal received on the Borrower’s and its Subsidiaries’ mortgage loans
receivable) for such period.

 

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

 

“Default”
means any event or condition the occurrence of which would, with the passage of time or the giving of notice, or both, constitute an Event
of Default.

 

“Defaulting Lender”
means, subject to Section 2.14(b), any Lender that (a) has failed to (i) fund all or any portion of its Loans within two
(2) Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies the Administrative Agent
and the Borrower in writing that such failure is the result of such Lender’s determination that one or more conditions precedent
to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing)
has not been satisfied, or (ii) pay to the Administrative Agent, the L/C Issuer or any other Lender any other amount required to
be paid by it hereunder (including in respect of its participation in Letters of Credit) within two (2) Business Days of the date
when due, (b) has notified the Borrower, the Administrative Agent or the L/C Issuer in writing that it does not intend to comply
with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates
to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s determination
that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified
in such writing or public statement) cannot be satisfied), (c) has failed, within three (3) Business Days after written request
by the Administrative Agent or the Borrower, to confirm in writing to the Administrative Agent and the Borrower that it will comply with
its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this
clause (c) upon receipt of such written confirmation by the Administrative Agent and the Borrower), or (d) has, or has a direct
or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) had appointed
for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with
reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal
regulatory authority acting in such a capacity, or (iii) become the subject of a Bail-in Action; provided that a Lender shall
not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect
parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity
from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or
permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such
Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through
(d) above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject
to Section 2.14(b)) upon delivery of written notice of such determination to the Borrower, the L/C Issuer and each Lender.

 

    -15-

     

    

 

“Designated Disbursement
Account” means the account of the Borrower maintained with the Administrative Agent or its Affiliate and designated in writing
to the Administrative Agent as the Borrower’s Designated Disbursement Account (or such other account as the Borrower and the Administrative
Agent may otherwise agree).

 

“Early
Opt-in Election” means the occurrence of:

 

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

 

(2)            the
joint election by the Administrative Agent and the Borrower to trigger a fallback from LIBOR and the provision by the Administrative Agent
of written notice of such election to the Lenders.

 

“EBITDA”
means, for any period, determined on a consolidated basis of the Borrower and its Subsidiaries, in accordance with GAAP, the sum of net
income (or loss) for such period plus: (i) depreciation and amortization expense for such period, (ii) interest expense
for such period, (iii) income tax expense for such period, (iv) extraordinary, unrealized or non-recurring losses, including
impairment charges and reserves for such period, minus: (v) funds received by the Borrower or a Subsidiary as rent but which
are reserved for capital expenses during such period; (vi) unrealized gains on the sale of assets during such period; and (vii) income
tax benefits for such period.

 

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

 

    -16-

     

    

 

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

 

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

 

“Eligible Assignee”
means (a) a Lender, (b) an Affiliate of a Lender, (c) an Approved Fund, and (d) any other Person (other than a
natural person) approved by (i) the Administrative Agent, (ii) the L/C Issuer, and (iii) unless an Event of Default has
occurred and is continuing, the Borrower (each such approval not to be unreasonably withheld or delayed).

 

“Eligible Line of
Business” means any business engaged in as of the date of this Agreement by the Borrower or any of its Subsidiaries or any business
reasonably related thereto.

 

“Environmental Claim”
means any investigation, notice, violation, demand, allegation, action, suit, injunction, judgment, order, consent decree, penalty,
fine, lien, proceeding or claim (whether administrative, judicial or private in nature) arising (a) pursuant to, or in connection
with an actual or alleged violation of, any Environmental Law, (b) in connection with any Hazardous Material, (c) from any abatement,
removal, remedial, corrective or response action in connection with a Hazardous Material, Environmental Law or order of a Governmental
Authority or (d) from any actual or alleged damage, injury, threat or harm to health, safety, natural resources or the environment.

 

“Environmental Law”
means any current or future Legal Requirement pertaining to (a) the protection of health, safety and the indoor or outdoor environment,
(b) the conservation, management or use of natural resources and wildlife, (c) the protection or use of surface water or groundwater,
(d) the management, manufacture, possession, presence, use, generation, transportation, treatment, storage, disposal, Release, threatened
Release, abatement, removal, remediation or handling of, or exposure to, any Hazardous Material or (e) pollution (including any Release
to air, land, surface water or groundwater), and any amendment, rule, regulation, order or directive issued thereunder.

 

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

 

“Equity Interests”
means shares of capital stock, partnership interests, membership interests in a limited liability company, beneficial interests in a trust
or other equity ownership interests in a Person.

 

    -17-

     

    

 

“ERISA”
means the Employee Retirement Income Security Act of 1974, as amended, or any successor statute thereto.

 

“ERISA Affiliate”
means any Person that for purposes of Title IV of ERISA is a member of the Borrower’s Controlled Group, or is under common control
with the Borrower, within the meaning of Sections 414 and 4001 of the Code and the regulations promulgated and rulings issued thereunder.

 

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

 

“Eurodollar
Loan” means a Loan bearing interest at
the rate specified in Section 2.3(b).

 

“Eurodollar
Reserve Percentage” means the maximum reserve percentage, expressed as a decimal, at which reserves (including,
without limitation, any emergency, marginal, special, and supplemental reserves) are imposed by the Board of Governors of the Federal
Reserve System (or any successor) on “eurocurrency liabilities”, as defined in such Board’s Regulation D (or
any successor thereto), subject to any amendments of such reserve requirement by such Board or its successor, taking into account any
transitional adjustments thereto. For purposes of this definition, the relevant Loans shall be deemed to be “eurocurrency liabilities”
as defined in Regulation D without benefit or credit for any prorations, exemptions or offsets under Regulation D. The Eurodollar Reserve
Percentage shall be adjusted automatically on and as of the effective date of any change in any such reserve percentage.

 

“Event of Default”
means any event or condition identified as such in Section 9.1.

 

“Excluded Taxes”
means any of the following Taxes imposed on or with respect to a Recipient or required to be withheld or deducted from a payment to a
Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each
case, (i) imposed as a result of such Recipient being organized under the laws of, or having its principal office or, in the case
of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or
(ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable
to or for the account of such Lender with respect to an applicable interest in a Loan or Revolving Credit Commitment pursuant to a law
in effect on the date on which (i) such Lender acquires such interest in the Loan or Revolving Credit Commitment (other than pursuant
to an assignment request by the Borrower under Section 2.12) or (ii) such Lender changes its lending office, except in each
case to the extent that, pursuant to Section 12.1 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 12.1(g), and (d) any U.S. federal withholding Taxes imposed
under FATCA.

 

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

 

    -18-

     

    

 

“Extension Fee”
means an extension fee payable by the Borrower for a one-year extension pursuant to Section 2.16 in an amount equal to 0.10% of the
aggregate Revolving Credit Commitments then in effect.

 

“Facility”
means the Revolving Credit, the Term Loan Facilities, and the Incremental Facility (if any).

 

“Facility Fee”
is defined in Section 3.1(a).

 

“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.

 

“FCPA”
means the Foreign Corrupt Practices Act, 15 U.S.C. §§78dd-1, et seq.

 

“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 the Administrative Agent on such day on such transactions as determined by the Administrative Agent; provided
that if the Federal Funds Rate as so determined would be less than the Floor, the Federal Funds Rate will be deemed to be the Floor for
purposes of this Agreement.

 

“Fiscal Quarter”
means each of the three-month periods ending on March 31, June 30, September 30 and December 31.

 

“Fiscal Year”
means the twelve-month period ending on December 31.

 

“Fitch”
means Fitch Ratings, or any successor thereto.

 

“Fixed Charges”
means, for any period, Debt Service for such period, plus Preferred Dividends for such period, plus $400 per bed per annum for any Property
on which the Lease of such Property does not require the tenant to pay for all capital expenditures.

 

“Floor”
means 0%the rate
per annum of interest equal to 0%.

 

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

 

“Former Plan”
means any employee benefit plan in respect of which the Borrower or a Commonly Controlled Entity has engaged in a transaction described
in Section 4069 or Section 4212(c) of ERISA.

 

    -19-

     

    

 

“Fronting Exposure”
means, at any time there is a Defaulting Lender, with respect to the L/C Issuer, such Defaulting Lender’s Revolver Percentage of
the outstanding L/C Obligations with respect to Letters of Credit issued by the L/C Issuer other than L/C Obligations as to which such
Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the
terms hereof.

 

“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 business.

 

“Funds Transfer and
Deposit Account Liability” means the liability of the Borrower or any Subsidiary owing to any of the Lenders, or any Affiliates
of such Lenders, arising out of (a) the execution or processing of electronic transfers of funds by automatic clearing house transfer,
wire transfer or otherwise to or from deposit accounts of the Borrower and/or any Subsidiary now or hereafter maintained with any of the
Lenders or their Affiliates, (b) the acceptance for deposit or the honoring for payment of any check, draft or other item with respect
to any such deposit accounts, and (c) any other deposit, disbursement, and cash management services afforded to the Borrower or any
Subsidiary by any of such Lenders or their Affiliates.

 

“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.

 

“Government Reimbursed
Properties” means Senior Housing Assets (other than hospitals) in respect of which 51% or more of revenues are generated from
reimbursements under Medicare, Medicaid and other government programs for payment of services rendered by healthcare providers

 

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

 

“Gross Book Value”
means book value without giving effect to depreciation.

 

“Hazardous Material”
means any substance, chemical, compound, product, solid, gas, liquid, waste, byproduct, pollutant, contaminant or material which is
hazardous, toxic or a pollutant and includes, without limitation, (a) asbestos, polychlorinated biphenyls and petroleum (including
crude oil or any fraction thereof) and (b) any material classified or regulated as “hazardous,” “toxic” or
 “pollutant” or words of like import pursuant to an Environmental Law.

 

    -20-

     

    

 

“Hazardous Material
Activity” means any activity, event or occurrence involving a Hazardous Material, including, without limitation, the manufacture,
possession, presence, use, generation, transportation, treatment, storage, disposal, Release, threatened Release, abatement, removal,
remediation, handling of or corrective or response action to any Hazardous Material.

 

“Hedging Liability”
means the liability of the Borrower or any Subsidiary to any of the Lenders, or any Affiliates of such Lenders, in respect of any interest
rate, foreign currency, and/or commodity swap, exchange, cap, collar, floor, forward, future or option agreement, or any other similar
interest rate, currency or commodity hedging arrangement, as the Borrower or such Subsidiary, as the case may be, may from time to time
enter into with any one or more of the Lenders party to this Agreement or their Affiliates.

 

“Hostile Acquisition”
means the acquisition of the capital stock or other equity interests of a Person through a tender offer or similar solicitation of the
owners of such capital stock or other equity interests which has not been approved (prior to such acquisition) by resolutions of the Board
of Directors of such Person or by similar action if such Person is not a corporation, or as to which such approval has been withdrawn.

 

“Increased Amount
Date” is defined in Section 2.13(a) hereof.

 

“Increasing Lenders”
is defined in Section 2.13 hereof.

 

“Incremental Facilities”
means the Incremental Revolving Credit and/or the Incremental Term Credit established hereunder after the Closing Date in accordance with
Section 2.13 hereof.

 

“Incremental Revolving
Credit” means the credit facility for making Incremental Revolving Loans described in Section 2.13 hereof.

 

“Incremental Revolving
Credit Commitments” is defined in Section 2.13(a) hereof.

 

“Incremental Revolving
Loan” is defined in Section 2.13(c) hereof, and, as so defined, includes a Base Rate Loan or an EurodollarSOFR
Loan, each of which is a type of Incremental Revolving Loan hereunder.

 

“Incremental Revolving
Loan Lender” is defined in Section 2.13(a) hereof.

 

“Incremental Term
Credit” means the credit facility for making Incremental Term Loans described in Section 2.13 hereof.

 

“Incremental Term
Loan” is defined in Section 2.13(d) hereof, and, as so defined, includes a Base Rate Loan or a EurodollarSOFR
Loan, each of which is a type of Incremental Term Loan hereunder.

 

“Incremental Term
Loan Commitments” is defined in Section 2.13(a) hereof.

 

“Incremental Term
Loan Lender” as defined in Section 2.13(a) hereof.

 

    -21-

     

    

 

“Incremental Term
Loan Percentage” means for each Lender, with respect to each Series, the percentage of the aggregate Incremental Term Loan Commitments
of such Series represented by such Lender’s portion thereof or, if such Incremental Term Loan Commitments have been terminated,
the percentage held by such Lender of the aggregate principal amount of all Incremental Term Loans of such Series then outstanding.

 

“Incremental Term
Note” is defined in Section 2.9(d) hereof.

 

“Indebtedness for
Borrowed Money” means for any Person (without duplication) (a) all indebtedness created, assumed or incurred in any manner
by such Person representing money borrowed (including by the issuance of debt securities), (b) all indebtedness for the deferred
purchase price of property or services (other than trade accounts payable arising in the ordinary course of business and contingent liabilities
related to potential earn out payments which do not meet the balance sheet recognition requirements of Accounting Standards Codification
No. 450 –Contingencies), (c) all indebtedness secured by any Lien upon Property of such Person, whether or not such Person
has assumed or become liable for the payment of such indebtedness, (d) all Capitalized Lease Obligations of such Person, and (e) all
obligations of such Person on or with respect to letters of credit, bankers’ acceptances and other extensions of credit whether
or not representing obligations for borrowed money.

 

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

 

“Insolvency”
means, with respect to any Multiemployer Plan, the condition that such Plan is insolvent within the meaning of Section 4245 of ERISA.

 

“Interest Expense”
means, with respect to a Person for any period, the interest expense whether paid, accrued or capitalized (without deduction of consolidated
interest income) of such Person for such period. Interest Expense shall exclude any amortization of (i) deferred financing fees,
including the write-off such fees relating to the early retirement of such related Indebtedness for Borrowed Money, and (ii) debt
discounts (but only to the extent such discounts do not exceed 3.0% of the initial face principal amount of such debt).

 

“Interest Payment
Date” means (a) with respect to any EurodollarBase
Rate Loan, the last day of every Fiscal Quarter and on the maturity date and
(b) as to any SOFR Loan, the last day of each Interest Period with
respect to such Eurodollar Loan and on the maturity datetherefor
and, ifin the applicablecase
of any Interest Period is longerof
more than three (3) months’
duration, on each day occurring everyprior
to the last day of such Interest Period that occurs at three (3) monthsmonth
intervals after the commencementfirst
day of such Interest Period and (b) with respect to any Base
Rate Loan, the last day of every Fiscal Quarter and on the maturity date,
and on the maturity date;
provided that, as to any such Loan, (i) if any such date would be a day other than a Business Day, such date shall be extended to
the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such date
shall be the next preceding Business Day and (ii) the Interest Payment Date with respect to any Borrowing that occurs on the last
Business Day of a calendar month (or on a day for which there is no numerically corresponding day in any applicable calendar month) shall
be the last Business Day of any such succeeding applicable calendar month.

 

    -22-

     

    

 

“Interest Period”
means the period commencing on the date a Borrowing of EurodollarSOFR
Loans is advanced, continued, or created by conversion and ending 1, 3,in
the case of Term SOFR, the period commencing on the date of such Loan or Borrowing and ending on the numerically corresponding day in
the calendar month that is one, three or 6six
months thereafter, as specified in the applicable borrowing request or interest
election request, provided, however,, that:

 

(i)           no
Interest Period shall extend beyond the Termination Date;

 

(ii)          whenever
the last day of any Interest Period would otherwise be a day that is not a Business Day, the last day of such Interest Period shall be
extended to the next succeeding Business Day, provided that, if such extension would cause the last day of an Interest Period for a Borrowing
of EurodollarSOFR
Loans to occur in the following calendar month, the last day of such Interest Period shall be the immediately preceding Business Day;
and

 

(iii)          for
purposes of determining an Interest Period for a Borrowing of EurodollarSOFR
Loans, a month means a period starting on one day in a calendar month and ending on the numerically corresponding day in the next calendar
month; provided, however, that if there is no numerically corresponding day in the month in which such an Interest Period is to end or
if such an Interest Period begins on the last Business Day of a calendar month, then such Interest Period shall end on the last Business
Day of the calendar month in which such Interest Period is to end; and

 

(iv)          no
tenor that has been removed from this definition pursuant to Section 10.2(b) below shall be available for specification in such
Borrowing Request or Interest Election Request.

 

“Interest Rate Election”
is defined in Section 2.3(d).

 

“Interest Rate Election Date”
is defined in Section 2.3(d).

 

“Investment”
means (i) any investment, directly or indirectly (whether through the purchase of stock or obligations or otherwise) in any Person,
real property or improvements on real property, or any loans, advances, lines of credit, mortgage loans or other financings (including
pursuant to sale/leaseback transactions) to any other Person, or (ii) any acquisition of any real property, improvements on real
property or all or any substantial part of the assets or business of any other Person or division thereof.

 

“Investment Grade
Credit Rating” means, with respect to the Borrower, a Credit Rating of either (a) (i) BBB- or higher by S&P or
Baa3 or higher from Moody’s and (ii) BBB- or higher by Fitch or (b) BBB- or higher by S&P and Baa3 or higher by Moody’s,
and in either case, such Credit Rating shall not be accompanied by (x) in the case of S&P, a negative outlook, creditwatch negative
or the equivalent thereof, (y) in the case of Moody’s, a negative outlook, a review for possible downgrade or the equivalent
thereof or (z) in the case of Fitch, a negative watch or the equivalent thereof.

 

    -23-

     

    

 

“L/C Issuer”
means Bank of Montreal, in its capacity as the issuer of Letters of Credit hereunder, and its successors in such capacity as provided
in Section 2.2(h).

 

“L/C Obligations”
means the aggregate undrawn face amounts of all outstanding Letters of Credit and all unpaid Reimbursement Obligations.

 

“L/C Participation
Fee” is defined in Section 3.1(b).

 

“L/C Sublimit”
means $10,000,000, as reduced pursuant to the terms hereof.

 

“Lease”
means any lease, tenancy agreement, contract or other agreement for the use or occupancy of a Property or any portion thereof.

 

“Legal Requirement”
means any treaty, convention, statute, law, regulation, ordinance, license, permit, governmental approval, injunction, judgment, order,
consent decree or other requirement of any Governmental Authority, whether federal, state, or local.

 

“Lenders”
means and includes Bank of Montreal and the other financial institutions from time to time party to this Agreement, including any new
Lender pursuant to Section 2.13 and each assignee Lender pursuant to Section 12.10.

 

“Lending Office”
is defined in Section 10.4.

 

“Letter of Credit”
is defined in Section 2.2(a).

 

“Leverage Ratio Increase
Period” is defined in Section 8.19.

 

“LIBOR”
means, for an Interest Period for a Borrowing of Eurodollar Loans, (a) the LIBOR Index Rate for such Interest Period, if such rate
is available, and (b) if the LIBOR Index Rate cannot be determined, the arithmetic average of the rates of interest per annum (rounded
upwards, if necessary, to the nearest 1/100 of 1%) at which deposits in U.S. Dollars in immediately available funds are offered to the
Administrative Agent at 11:00 a.m. (London, England time) two (2) Business Days before the beginning of such Interest Period
by three (3) or more major banks in the interbank eurodollar market selected by the Administrative Agent for delivery on the first
day of and for a period equal to such Interest Period and in an amount equal or comparable to the principal amount of the Eurodollar Loan
scheduled to be made as part of such Borrowing, subject to Section 10.2 in the event that the Administrative Agent shall conclude
that it shall not be possible to determine such interpolated rate (which conclusion shall be conclusive and binding absent manifest error);
provided that if LIBOR as so determined would be less than the Floor, LIBOR
will be deemed to be the Floor for purposes of this Agreement.

 

    -24-

     

    

 

“LIBOR
Index Rate” means, for any Interest Period, the rate per annum (rounded upwards, if necessary, to the next
higher one hundred-thousandth of a percentage point) for deposits in U.S. Dollars for a period equal to such Interest Period, as reported
on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated
by the Administrative Agent from time to time) as of 11:00 a.m. (London, England time) on the day two (2) Business Days before
the commencement of such Interest Period.

 

“Lien” means
any mortgage, lien, security interest, pledge, charge or encumbrance of any kind in respect of any Property, including the interests of
a vendor or lessor under any conditional sale, Capital Lease or other title retention arrangement.

 

“Loan”
means any Revolving Loan, 2025 Term Loan, 2026 Term Loan or Incremental Term Loan (if any), whether outstanding as a Base Rate Loan or
EurodollarSOFR
Loan or otherwise, each of which is a “type” of Loan hereunder.

 

“Loan Party”
means the Borrower and any guarantors.

 

“Loan Documents”
means this Agreement, the Notes (if any), the Applications and each other instrument or document to be delivered hereunder or thereunder
or otherwise in connection therewith.

 

“Material Acquisition”
means any acquisition (or series of related acquisitions) permitted by the Loan Documents and consummated in accordance with the terms
of the Loan Documents if the aggregate consideration paid in respect of such acquisition (including any Indebtedness for Borrowed Money
assumed in connection therewith) exceeds $175,000,000.

 

“Material Adverse
Effect” means a material and adverse effect on (a) the business, condition (financial or otherwise), operations, performance
or properties of the Borrower and its Subsidiaries taken as a whole, (b) the ability of the Borrower to perform its obligations under
the Loan Documents to which it is a party or (c) the validity or enforceability of any of the Loan Documents or the rights or remedies
of the Administrative Agent or the Lenders thereunder; provided, however, that the sale of assets of one or more Subsidiaries
in accordance with the terms of this Agreement shall not be deemed in and of itself to cause a Material Adverse Effect absent the presence
of the factors set forth above.

 

“Minimum Collateral
Amount” means, at any time, (a) with respect to Cash Collateral consisting of cash or deposit account balances, an amount
equal to 103% of the Fronting Exposure of the L/C Issuer with respect to Letters of Credit issued and outstanding at such time and (b) otherwise,
an amount determined by the Administrative Agent and the L/C Issuer in their sole discretion.

 

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

 

“Multiemployer Plan”
means a Plan that is a “multiemployer plan” as defined in Section 4001(a)(3) of ERISA.

 

    -25-

     

    

 

“Multiple Employer
Plan” means a single employer plan, as defined in Section 4001(a)(15) of ERISA and subject to Title IV thereof, that (a) is
maintained by the Borrower or an ERISA Affiliate and at least one Person other than the Borrower and its ERISA Affiliates or (b) was
so maintained previously, but is not currently maintained by the Borrower or its ERISA Affiliates, and in respect of which the Borrower
or an ERISA Affiliate would still have liability under Section 4063, 4064 or 4069 of ERISA in the event such plan has been or were
to be terminated.

 

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

 

“Non-Government Reimbursed
Properties” means Senior Housing Assets (other than hospitals) that are not Government Reimbursed Properties.

 

“Note”
and “Notes” each is defined in Section 2.9.

 

“Note Purchase Agreement”
means any of (i) the Note Purchase Agreement dated as of July 19, 2012, as extended, renewed, amended, modified, amended
and restated or supplemented in its entirety, and any refinancing or replacement of any series of notes issued and outstanding thereunder,
(ii) the Third Amended and Restated Note Purchase and Private Shelf Agreement dated as of April 28, 2015, as extended, renewed,
amended, modified, amended and restated or supplemented in its entirety, and any refinancings or replacement of any series of notes issued
and outstanding thereunder, (iii) the Amended and Restated Note Purchase and Private Shelf Agreement dated as of June 2, 2016,
as extended, renewed, amended, modified, amended and restated or supplemented in its entirety, and any refinancings or replacement of
any series of notes issued and outstanding thereunder, (iv) the Note Purchase Agreement dated as of February 16, 2017, as extended,
renewed, amended, modified, amended and restated or supplemented in its entirety, and any refinancings or replacement of any series of
notes issued and outstanding thereunder, and (v) any other agreement or instrument entered into by the Borrower in connection with
a financing, which constitutes unsecured Indebtedness for Borrowed Money of the Borrower and ranks pari passu with the Obligations.

 

“Noteholders”
means the holders of any series of notes or other Indebtedness issued under or in connection with a Note Purchase Agreement, including,
without limitation (i) the 5.03% Senior Notes due July 19, 2024 in the aggregate original principal amount of $85,800,000, (ii) the
3.99% Series C Senior Notes due November 20, 2021 in the aggregate principal amount of $70,000,000, (iii) the 4.50% Series D
Senior Notes due July 31, 2026 in the aggregate original principal amount of $30,000,000, (iv) the 4.50% Series E Senior
Notes due August 31, 2030 in the aggregate original principal amount of $100,000,000, (v) the 4.15% Series F Senior Notes
due May 20, 2028 in the aggregate original principal amount of $37,500,000, (vi) the 4.50% Series G Senior Notes due February 16,
2032 in the aggregate original principal amount of $100,000,000, (vii) the 4.26% Senior Notes due November 20, 2028 in the aggregate
original principal amount of $100,000,000, (viii) the 3.99% Senior Notes due July 20, 2031 in the aggregate original principal
amount of $40,000,000, and (vix) the 3.85% Series H Senior Notes due October 20, 2031 in the aggregate original principal amount
of $100,000,000.

 

    -26-

     

    

 

“Obligations”
means all obligations of the Borrower to pay principal and interest on the Loans, all Reimbursement Obligations owing under the Applications,
all fees and charges payable hereunder, and all other payment obligations of the Borrower or any of its Subsidiaries arising under or
in relation to any Loan Document, in each case whether now existing or hereafter arising, due or to become due, direct or indirect, absolute
or contingent, and howsoever evidenced, held or acquired.

 

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

 

“OFAC Event”
means the event specified in Section 8.15.

 

“OFAC Sanctions Programs”
means all laws, regulations, and Executive Orders administered by OFAC, including without limitation, the Bank Secrecy Act, anti-money
laundering laws (including, without limitation, the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept
and Obstruct Terrorism Act of 2001, Pub. L. 107-56 (a/k/a the USA Patriot Act)), and all economic and trade sanction programs administered
by OFAC, any and all similar United States federal laws, regulations or Executive Orders, and any similar laws, regulators or orders adopted
by any State within the United States.

 

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

 

“Other Investments”
means any investment other than the following: (a) an Investment in Cash Equivalents, (b) an investment by Borrower in its Subsidiaries
or by a Subsidiary in one or more of its Subsidiaries, (c) an intercompany advance made from time to time among the Borrower and
its Subsidiaries in the ordinary course of business to finance working capital needs, (d) an investment held by the Borrower and
its Subsidiaries as of the Closing Date, (e) an investment in Unconsolidated Affiliates, Assets Under Development, or Redevelopment
Assets, (f) an investment received in connection with a workout of any obligation owed to Borrower or its Subsidiaries, or (g) an
investment or acquisition with respect to real property or improvements on real property located in, or of a business with its primary
operations in, the United States of America, which, in each case, is in an Eligible Line of Business and not a Hostile Acquisition (including,
but not limited to, sale/leaseback transactions, mortgage loans, lines of credit or other financings).

 

“Other Taxes”
means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise from any payment made
under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest
under, or otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection Taxes imposed with respect to
an assignment (other than an assignment made pursuant to Section 2.12).

 

    -27-

     

    

 

“Participating Interest”
is defined in Section 2.2(e).

 

“Participating Lender”
is defined in Section 2.2(e).

 

“PBGC”
means the Pension Benefit Guaranty Corporation or any Person succeeding to any or all of its functions under ERISA.

 

“Percentage”
means for any Lender its Revolver Percentage, 2025 Term Loan Percentage, 2026 Term Loan Percentage or Incremental Term Loan Percentage,
as applicable; and where the term “Percentage” is applied on an aggregate basis, such aggregate percentage shall be
calculated by aggregating the separate components of the Revolver Percentage, 2025 Term Loan Percentage, 2026 Term Loan Percentage or
Incremental Term Loan Percentage and expressing such components on a single percentage basis.

 

“Permitted Lien”
means such of the following as to which no enforcement, collection, execution, levy or foreclosure proceeding has been commenced: (a) Liens
for taxes, assessments and governmental charges or levies to the extent not required to be paid under Section 8.3; (b) Liens
imposed by law, such as materialmen’s, mechanics’, carriers’, workmen’s and repairmen’s Liens and other
similar Liens arising in the ordinary course of business securing obligations that are not overdue or that are being contested in good
faith and by proper proceedings and as to which appropriate reserves are being maintained; (c) pledges or deposits to secure obligations
under workers’ compensation laws or similar legislation or to secure public or statutory obligations; (d) easements, rights
of way and other encumbrances on title to real property that do not materially and adversely affect the value of such property or the
use of such property for its present purposes; (e) deposits to secure the performance of bids, trade contracts (other than for borrowed
money), leases, statutory obligations, surety and appeal bonds, performance bonds and other obligations of like nature incurred in the
ordinary course of business; (f) Liens in favor of the United States of America for amounts paid to the Borrower or any Subsidiary
as progress payments under government contracts entered into by it; (g) attachment, judgment and other similar Liens arising in connection
with court, reference or arbitration proceedings, provided that the same have been in existence less than 20 days, that the same have
been discharged or that execution or enforcement thereof has been stayed pending appeal; and (h) Liens on Properties not constituting
Unencumbered Assets.

 

“Person”
means an individual, partnership, corporation, limited liability company, association, trust, unincorporated organization or any other
entity or organization, including a government or agency or political subdivision thereof.

 

“Plan”
means any employee pension benefit plan covered by Title IV of ERISA or subject to the minimum funding standards under Section 412
of the Code that either (a) is maintained by a member of the Controlled Group for employees of a member of the Controlled Group or
(b) is maintained pursuant to a collective bargaining agreement or any other arrangement under which more than one employer makes
contributions and to which a member of the Controlled Group is then making or accruing an obligation to make contributions or has within
the preceding five plan years made contributions.

 

    -28-

     

    

 

“Preferred Dividends”
means any dividend paid (or payable) as the case may be, in cash on any preferred equity security issued by the Borrower.

 

“Prior Credit Agreement”
is defined in the Preliminary Statement of this Agreement.

 

“Property”
or “Properties” means, as to any Person, all types of real, personal, tangible, intangible or mixed property owned
by such Person whether or not included in the most recent balance sheet of such Person and its subsidiaries under GAAP.

 

“Property Expenses”
means, with respect to any Unencumbered Asset, the costs (including, but not limited to, payroll, taxes, assessments, insurance, utilities,
landscaping and other similar charges) of operating and maintaining such Unencumbered Asset, which are the responsibility of the Borrower
or the applicable Subsidiary that are not paid directly by the tenant, but excluding depreciation, amortization, interest costs and maintenance
capital expenditures to the extent such Unencumbered Asset is under a triple net lease.

 

“Property Income”
means, with respect to any Unencumbered Asset, cash rents (excluding, as an abundance of caution, non-cash straight-line rent) and other
cash revenues received by the Borrower or a Subsidiary in the ordinary course of business for such Unencumbered Asset, but excluding security
deposits and prepaid rent except to the extent applied in satisfaction of tenants’ obligations for rent; provided, that for
any Unencumbered Asset that (x) constituted an Underpaid Lease Asset in the twelve (12) months preceding any date of determination
and (y) where the non-performing tenant has been replaced with a performing tenant, Borrower or the applicable Subsidiary shall be
permitted to include cash rents paid under such replacement lease on an annualized basis.

 

“Property NOI”
means, as of any date of determination and with respect to any Unencumbered Asset, the aggregate amount of (i) Property Income for
the Rolling Period (without duplication) minus (ii) Property Expenses for the Rolling Period (without duplication).

 

“Qualified Loan”
means, as of any date of determination, any mezzanine loan, mortgage loan, convertible debt or working capital loan (i) on the Closing
Date, listed on Exhibit A to Schedule I of the Compliance Certificate and (ii) thereafter, listed on Exhibit A to Schedule
I of the Compliance Certificate after such mortgage loan’s designation by the Borrower as a Qualified Loan, so long as the Borrower
shall fully comply with the requirements of Section 8.5(c) with regards to reporting of such Qualified Loan, in each case that
meets the following criteria:

 

(a)            100%
held or owned by the Borrower or a Subsidiary;

 

(b)            With
respect to a mortgage loan, secured by a first or second mortgage or a first or second deed of trust on Senior Housing Assets in favor
of the Borrower or such Subsidiary and such Senior Housing Asset is not subject to any other Lien or negative pledge (other than Permitted
Liens or, solely with respect to second mortgages or second deeds of trust, a first mortgage lien or first deed of trust);

 

(c)             The
underlying Senior Housing Asset is currently in service (not under development);

 

    -29-

     

    

 

(d)           The
underlying Senior Housing Asset is located in the United States and the loan documents pertaining to the mortgage or deed of trust are
governed by the law of a state of the United States;

 

(e)            Neither
the mezzanine loan, mortgage loan, convertible debt or working capital loan, nor the right to receive payments thereunder, is subject
to any Lien (other than Permitted Liens) or to any negative pledge;

 

(f)            If
such mezzanine loan, mortgage loan, convertible debt or working capital loan is owned by a Subsidiary, none of the Borrower’s beneficial
ownership interest in such Subsidiary is subject to any Lien (other than Permitted Liens or Liens in favor of the Borrower) or to any
negative pledge;

 

(g)            With
respect to a mortgage loan, the underlying Property, based on the Borrower or its Subsidiary’s actual knowledge, is free of all
material structural defects or major architectural deficiencies, material title defects, material environmental conditions or other adverse
matters which, individually or collectively, materially impair the value of such Property; and

 

(h)            The
borrower, mortgagor or grantor with respect to such mezzanine loan, mortgage loan, convertible debt or working capital loan is not delinquent
sixty (60) days or more in interest or principal payments due thereunder.

 

“Rating Agency”
means Fitch, Moody’s, or S&P, as applicable.

 

“RCRA”
means the Solid Waste Disposal Act, as amended by the Resource Conservation and Recovery Act of 1976 and Hazardous and Solid Waste Amendments
of 1984, 42 U.S.C. §§6901 et seq., and any future amendments.

 

“Recipient”
means (a) the Administrative Agent, (b) any Lender, and (c) the L/C Issuer, as applicable.

 

“Redevelopment Assets”
means any real estate under major redevelopment.

 

“Reduced Lease Assets”
means any Unencumbered Asset where any tenant of such Unencumbered Asset (i) has paid less than 100% of its minimum rental payments
during the sixty (60) day period immediately preceding the applicable date of calculation and (ii) is otherwise performing all of
its material obligations under its Lease.

 

“Reimbursement Obligation”
is defined in Section 2.2(c).

 

“REIT”
means a real estate investment trust under Sections 856-860 of the Code.

 

    -30-

     

    

 

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

 

“Release”
means any spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, migration, dumping, or
disposing into the indoor or outdoor environment, including, without limitation, the abandonment or discarding of barrels, drums, containers,
tanks or other receptacles containing or previously containing any Hazardous Material.

 

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

 

“Reorganization”
means, with respect to any Multiemployer Plan, the condition that such plan is in reorganization within the meaning of Section 4241
of ERISA.

 

“Reportable Event”
means any of the events set forth in Section 4043(c) of ERISA, other than those events as to which the 30-day notice period
is waived under subsection .13, .14, .16, .18, .19 or .20 of PBGC Reg. §4043.

 

“Rescindable Amount”
is defined in Section 4.1.

 

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

 

“Required Lenders”
means, as of the date of determination thereof, Lenders whose outstanding Loans and interests in Letters of Credit and Unused Revolving
Credit Commitments constitute more than 50% of the sum of the total outstanding Loans, interests in Letters of Credit, and Unused Revolving
Credit Commitments of the Lenders. The Unused Revolving Credit Commitment, the aggregate principal amount of outstanding Loans and the
outstanding participation in L/C Obligations of each Defaulting Lender shall be disregarded in determining Required Lenders at any time.

 

“Revolver Percentage”
means, for each Lender, the percentage of the Revolving Credit Commitments represented by such Lender’s Revolving Credit Commitment
or, if the Revolving Credit Commitments have been terminated, the percentage held by such Lender (including through participation interests
in Reimbursement Obligations) of the aggregate principal amount of all Revolving Loans and L/C Obligations then outstanding.

 

“Revolving Credit”
means the credit facility for making Revolving Loans and issuing Letters of Credit described in Sections 2.1 and 2.2.

 

“Revolving Credit
Commitment” means, as to any Lender, the obligation of such Lender to make Revolving Loans and to participate in Letters of
Credit issued for the account of the Borrower hereunder in an aggregate principal or face amount at any one time outstanding not to exceed
the amount set forth opposite such Lender’s name on Schedule 1, as the same may be reduced or modified at any time or from time
to time pursuant to the terms hereof. The Borrower and the Lenders acknowledge and agree that the Revolving Credit Commitments of the
Lenders aggregate $400,000,000 on the date hereof.

 

    -31-

     

    

 

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

 

“Revolving Credit
Termination Date” means the Stated Revolving Credit Termination Date, as the same may be extended pursuant to Section 2.16,
or such earlier date on which the Revolving Credit Commitments are terminated in whole pursuant to Section 2.11, 9.2 or 9.3.

 

“Revolving Loan”
is defined in Section 2.1 and, as so defined, includes a Base Rate Loan or a EurodollarSOFR
Loan, each of which is a “type” of Revolving Loan hereunder.

 

“Revolving Note”
is defined in Section 2.9(d) hereof.

 

“Rolling Period”
means, as of any date of determination, the four Fiscal Quarters ending on or immediately preceding such date.

 

“S&P”
means Standard & Poor’s Ratings Services Group, a Standard & Poor’s Financial Services LLC business.

 

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

 

“Secured Debt”
means, as of any date of determination and without duplication, the aggregate principal amount of all indebtedness outstanding of the
Borrower and its Subsidiaries, evidenced by notes, bonds debentures or similar instruments and capital lease obligations that are secured
by a Lien.

 

“Secured Obligations”
means the Obligations, Hedging Liability, and Bank Product Obligations, in each case whether now existing or hereafter arising, due or
to become due, direct or indirect, absolute or contingent, and howsoever evidenced, held or acquired (including all interest, costs, fees,
and charges after the entry of an order for relief against any Loan Party in a case under the United States Bankruptcy Code or any similar
proceeding, whether or not such interest, costs, fees and charges would be an allowed claim against such Loan Party in any such proceeding).

 

“Secured Party”
means (a) the Administrative Agent, (b) each Lender, (c) the L/C Issuer, (d) each Affiliate of a Lender to which any
Loan Party or Subsidiary is obligated in respect of Hedging Liability and/or Bank Product Obligations, and (e) each Related Party
entitled to indemnification under Section 12.13. “Secured Party” shall also mean Administrative Agent (or its
collateral trustee) for the benefit of the parties listed in (a)-(e) above.

 

“Senior Housing Assets”
means any Property on which the improvements consist only of one or more of the following: (a) senior apartments, (b) independent
living facilities, (c) congregate communities, (d) assisted living facilities, (e) nursing homes, (f) hospitals, (g) memory
care communities, (h) medical office buildings, (i) life science properties, (j) surgical centers, (k) free standing
emergency facilities and (l) other Property primarily used for senior citizen residences or health care services, together with other
improvements incidental thereto.

 

    -32-

     

    

 

“Single Employer
Plan” means any Plan that is covered by Title IV of ERISA but is not a Multiemployer Plan.

 

“SOFR” means
a rate per annum equal to the secured overnight financing rate for
such Business Day publishedas administered by the
Federal Reserve Bank of New York) (or
a successor administrator of the secured overnight financing rate) on the website of the Federal Reserve
Bank of New York, currently at http://www.newyorkfed.org (or any successor source for the secured overnight financing rate identified
as such by the administrator of the secured overnight financing rate from time to time).

 

“SOFR
Loan” means
a Loan bearing interest based on Adjusted Term SOFR, other than
pursuant to clause (c) of the definition of “Base Rate.”

 

“Stated Revolving
Credit Termination Date” means November 19, 2025.

 

“Stock”
means shares of capital stock, beneficial or partnership interests, participations or other equivalents (regardless of how designated)
of or in a corporation or equivalent entity, whether voting or non-voting, and includes, without limitation, common stock, but excluding
any preferred stock or other preferred equity security.

 

“Stock Equivalents”
means all securities (other than Stock) convertible into or exchangeable for Stock at the option of the holder, and all warrants, options
or other rights to purchase or subscribe for any stock, whether or not presently convertible, exchangeable or exercisable.

 

“Subsidiary”
means, with respect to any Person (the “parent”) at any date, any corporation, limited liability company, partnership, association
or other entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements
if such financial statements were prepared in accordance with GAAP as of such date, as well as any other corporation, limited liability
company, partnership, association or any other entity of which more than 50% of the outstanding Voting Stock or, in the case of a partnership,
more than the 50% of the general partnership interests are at the time directly or indirectly owned by such parent or by any one or more
other entities which are themselves subsidiaries of such parent. Unless otherwise expressly noted herein, the term “Subsidiary”
means a Subsidiary of the Borrower or of any of its direct or indirect Subsidiaries.

 

“Sustainability Agent” means
Bank of Montreal in its role as sustainability agent.

 

“Tangible Net Worth”
means for each applicable period, total stockholders’ equity on the Borrower’s consolidated balance sheet as reported in its
Form 10-K or 10-Q plus accumulated depreciation less all amounts appearing on the assets side of its consolidated balance sheet representing
an intangible asset under GAAP.

 

    -33-

     

    

 

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

 

“Term Credit Commitment”
means, as to any Lender, such Lender’s 2025 Term Credit Commitment or 2026 Term Credit Commitment, as applicable.

 

“Term Loan”
is defined in Section 2.1(a) hereof and, as so defined, includes a Base Rate Loan or a EurodollarSOFR
Loan, each of which is a “type” of Term Loan hereunder. Each of the 2025 Term Loan and the 2026 Term Loan are referred to
herein as a Term Loan and collectively as the “Term Loans”).

 

“Term Loan Facility”
means all Term Credit Commitments to make Term Loans on the Closing Date in accordance with Section 2.1 hereof.

 

“Term Loan Percentage”
means for each Lender, the 2025 Term Loan Percentage or 2026 Term Loan Percentage, as applicable.

 

“Term Note”
is defined in Section 2.9(d) hereof.

 

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

 

“Term
SOFR Event” means the determination by the Administrative Agent that (a) Term SOFR has been recommended
for use by the Relevant Governmental Body, (b) the administration of Term SOFR is administratively feasible for the Administrative
Agent and (c) LIBOR has already been replaced with a Benchmark Replacement in
accordance with Section 10.6 that is not Term SOFRtenor,
the Term SOFR Reference Rate on the day (such day, the “Term SOFR Determination Day”) that is two (2) U.S. Government
Securities Business Days prior to (a) in the case of SOFR Loans, the first day of such applicable Interest Period, or (b) with
respect to Base Rate, such day of determination of the Base Rate, in each case as such rate is published by the Term SOFR Administrator;
provided, however, that if as of 5:00 p.m. (New York City time) on any Term SOFR Determination Day the Term SOFR Reference Rate for
the applicable tenor has not been published by the Term SOFR Administrator and a
Benchmark Replacement Date with respect to the Term SOFR Reference
Rate has not occurred, then Term SOFR will be the Term SOFR Reference Rate for such tenor as published by the Term SOFR Administrator
on the first preceding U.S. Government Securities Business Day for which such Term SOFR Reference Rate for such tenor was published by
the Term SOFR Administrator so long as such first preceding U.S. Government Securities Business Day is not more than three (3) U.S.
Government Securities Business Days prior to such Term SOFR Determination Day, provided, that if Term SOFR determined as provided
above shall ever be less than the Floor, then
Term SOFR shall be deemed to be the Floor.

 

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“Term SOFR NoticeAdministrator”
means a notificationCME Group
Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Reference Rate selected by the Administrative
Agent to the Lenders and the Borrower of the occurrence of a Term SOFR Eventin
its reasonable discretion).

 

“Term
SOFR Reference Rate” means the per annum forward-looking
term rate based on SOFR.

 

“Termination Date”
means the earlier of (i) (x) with respect to the Revolving Credit Commitments, the Revolving Credit Termination Date, and (y) with
respect to the Term Credit Commitment, the Term Credit Termination Date, and (ii) the date on which the Commitments are terminated
in full pursuant to Section 2.11, 9.2 or 9.3 hereof.

 

“Total Asset Value”
means, as of any date of determination, the Gross Book Value of all assets of the Borrower and its Subsidiaries less all amounts appearing
on the assets side of its consolidated balance sheet separately identifiable as intangible assets under GAAP; provided that (A) to
the extent the amount of Total Asset Value attributable to Assets Under Development exceeds 20% of Total Asset Value, such excess shall
be excluded; (B) to the extent the amount of Total Asset Value attributable to Redevelopment Assets exceeds 20% of Total Asset Value,
such excess shall be excluded; (C) to the extent the amount of Total Asset Value attributable to Unconsolidated Affiliates exceeds
15% of Total Asset Value, such excess shall be excluded; (D) to the extent the amount of Total Asset Value attributable to Other
Investments exceeds 15% of Total Asset Value, such excess shall be excluded; and (E) to the extent the amount of Total Asset Value
attributable to Assets Under Development, Redevelopment Assets, Unconsolidated Affiliates, and Other Investments in the aggregate exceed
30% of Total Asset Value, such excess shall be excluded.

 

“Total Indebtedness”
means, as of any date of determination and without duplication, all Indebtedness for Borrowed Money of the Borrower and its consolidated
Subsidiaries.

 

“U.S.
Government Securities Business Day” means any day except for (i) a Saturday, (ii) a Sunday or (iii) a
day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be
closed for the entire day for purposes of trading in United States government securities.

 

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

 

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

 

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“Unadjusted
Benchmark Replacement” means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.

 

“Unconsolidated Affiliates”
means an Affiliate of the Borrower whose financial statements are not required to be consolidated with the financial statements of the
Borrower in accordance with GAAP.

 

“Underpaid Lease
Asset” means any Unencumbered Asset where any tenant of such Unencumbered Asset (i) has paid less than 90% of its minimum
rental payments during the 60 day period immediately preceding the applicable date of calculation and (ii) is otherwise performing
all of its material obligations under its Lease.

 

“Unencumbered Asset”
means, as of any date of determination, any unencumbered real Property (i) on the Closing Date, listed on Exhibit A to Schedule
I of the Compliance Certificate and (ii) thereafter, listed on Exhibit A to Schedule I of the Compliance Certificate after such
Property’s designation by the Borrower as an Unencumbered Asset, so long as the Borrower shall fully comply with the requirements
of Section 8.5(c) with regards to reporting of such Unencumbered Asset, in each case that meets the following criteria:

 

(a)             100%
owned in fee simple by the Borrower or a Subsidiary;

 

(b)            Currently
in service (not under development) and generates cash rental income to the Borrower or such Subsidiary ;

 

(c)            Senior
Housing Asset located in the United States;

 

(d)            If
such Property is owned by the Borrower, (i) neither the Borrower’s beneficial ownership interest in such Property nor the Property
is subject to any Lien (other than Permitted Liens and Liens in favor of the Administrative Agent and the Noteholders (but only to the
extent the Obligations hereunder are simultaneously secured by such Liens on terms and provisions, including an intercreditor agreement,
satisfactory to the Required Lenders)) or to any negative pledge, other than the negative pledge set forth herein or in the Note Purchase
Agreement and (ii) the Borrower has the unilateral right to (x) sell, transfer or otherwise dispose of such Property and (y) to
create a Lien on such Property as security for indebtedness of the Borrower (other than restrictions imposed by the negative pledge set
forth herein or in the Note Purchase Agreement);

 

(e)             If
such Property is owned by a Subsidiary, (i) none of the Borrower’s beneficial ownership interest in such Subsidiary, the Subsidiary’s
beneficial ownership interest in such Property nor the Property is subject to any Lien (other than Permitted Liens and Liens in favor
of the Borrower) or to any negative pledge, other than the negative pledge set forth herein or in the Note Purchase Agreement and (ii) such
Subsidiary has the unilateral right to, and the Borrower has the unilateral right to cause such Subsidiary to, (x) sell, transfer
or otherwise dispose of such Property and (y) create a Lien on such Property as security for indebtedness of the Borrower or such
Subsidiary (other than restrictions imposed by the negative pledge set forth herein or in the Note Purchase Agreement);

 

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(f)            Such
Property, based on Borrower’s or such Subsidiary’s actual knowledge, is free of all material structural defects or major
architectural deficiencies, material title defects, material environmental conditions or other adverse matters which, individually or
collectively, materially impair the value of such Property;

 

(g)           Either
tenants of such Real Property are no more than 60 days in arrears on 100% of minimum rental payments due under their applicable Leases
or such Unencumbered Asset constitutes a Reduced Lease Asset; and

 

(h)            Either
tenants of such Real Property are no more than 60 days in arrears on 90% of minimum rental payments due under their applicable Leases
or such Unencumbered Asset constitutes both a Reduced Lease Asset and an Underpaid Lease Asset.

 

“Unencumbered Asset
Subsidiary” means any Subsidiary that owns an Unencumbered Asset or a Qualified Loan.

 

“Unencumbered Asset
Value” means, as of any date of determination, an amount equal to the sum of:

 

(a)            for
all Unencumbered Assets owned by the Borrower or a Subsidiary for more than twenty-four months prior to the date of determination (excluding
Underpaid Lease Assets), the Property NOI from such Unencumbered Assets divided by the Capitalization Rate, plus

 

(b)            for
all Unencumbered Assets owned by the Borrower or a Subsidiary for twenty-four months or less prior to the date of determination (excluding
Underpaid Lease Assets), the Gross Book Value of such Unencumbered Assets; plus

 

(c)            for
all Qualified Loans owned by the Borrower or a Subsidiary, the book value of such Qualified Loans; plus

 

(d)            notwithstanding
(a) and (b) above, for all Underpaid Lease Assets owned by the Borrower or a Subsidiary, (x) the greater of (i) the
Gross Book Value of such Underpaid Lease Asset and (ii) the Property NOI from such Unencumbered Asset divided by the Capitalization
Rate multiplied by (y) seventy-five percent (75%); plus

 

(e             notwithstanding
(a) and (b) above, for any Unencumbered Asset that (x) constituted an Underpaid Lease Asset in the twelve (12) months
preceding any date of determination and (y) where the non-performing tenant has been replaced with a performing tenant, the greater
of (i) the Property NOI from such Unencumbered Asset divided by the Capitalization Rate; and (ii) the Gross Book Value of such
Unencumbered Asset;

 

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provided, that to the extent the amount
of Unencumbered Asset Value attributable to Qualified Loans under clause (c) hereof would exceed 30% of Unencumbered Asset Value,
such excess shall be excluded; provided further, that to the extent the amount of Unencumbered Asset Value attributable to Qualified
Loans that are mezzanine loans, convertible debt, working capital loans, second mortgages or second deeds of trust under clause (c) hereof
would exceed 5% of Unencumbered Asset Value, such excess shall be excluded; and provided further that to the extent the amount
of Unencumbered Asset Value attributable to Unencumbered Assets that constituted Reduced Lease Assets would exceed 15% of Unencumbered
Asset Value, such excess shall be excluded. Unencumbered Asset Value attributable to any of the items listed above in this definition
owned by any non-Wholly-owned Subsidiary shall be adjusted to be limited to (i) the percentage of Equity Interests in such non-Wholly-owned
Subsidiary owned by the Borrower as of such date multiplied by (ii) the applicable Property NOI, Gross Book Value or book value.

 

“Unfunded Vested
Liabilities” means, for any Plan at any time, the amount (if any) by which the present value of all vested nonforfeitable accrued
benefits under such Plan exceeds the fair market value of all Plan assets allocable to such benefits, all determined as of the then most
recent valuation date for such Plan, but only to the extent that such excess represents a potential liability of a member of the Controlled
Group to the PBGC or the Plan under Title IV of ERISA.

 

“Unsecured Debt”
means, as of any date of determination and without duplication, the aggregate principal amount of all Total Indebtedness outstanding at
such date that is not Secured Debt.

 

“Unused Revolving
Credit Commitments” means, at any time, the difference between the Revolving Credit Commitments then in effect and the aggregate
outstanding principal amount of Revolving Loans and L/C Obligations.

 

“U.S. Dollars”
and “$” each means the lawful currency of the United States of America.

 

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

 

“Voting Stock”
of any Person means capital stock or other equity interests of any class or classes (however designated) having ordinary power for the
election of directors or other similar governing body of such Person, other than stock or other equity interests having such power only
by reason of the happening of a contingency.

 

“Welfare Plan”
means a “welfare plan” as defined in Section 3(1) of ERISA.

 

“Wholly-owned Subsidiary”
means a Subsidiary of which all of the issued and outstanding shares of capital stock (other than directors’ qualifying shares as
required by law) or other equity interests are owned by the Borrower and/or one or more Wholly-owned Subsidiaries within the meaning of
this definition.

 

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

 

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“Write-Down and Conversion
Powers” means (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution
Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers
are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable Resolution
Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or
any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations
of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised
under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related
to or ancillary to any of those powers.

 

Section 1.2.            Interpretation.
The foregoing definitions are equally applicable to both the singular and plural forms of the terms defined. Whenever the context may
require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes”
and “including” shall be deemed to be followed by the phrase “without limitation.” The word “will”
shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise (a) any
definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument
or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements
or modifications set forth herein), (b) any reference herein to any Person shall be construed to include such Person’s successors
and assigns, (c) the words “herein,” “hereof” and “hereunder,” and words of similar import, shall
be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to
Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this
Agreement, (e) any reference to any law or regulation herein shall, unless otherwise specified, refer to such law or regulation as
amended, modified or supplemented from time to time, and (f) the words “asset” and “property” shall be construed
to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities,
accounts and contract rights. All references to time of day herein are references to Chicago, Illinois, time unless otherwise specifically
provided. Where the character or amount of any asset or liability or item of income or expense is required to be determined or any consolidation
or other accounting computation is required to be made for the purposes of this Agreement, it shall be done in accordance with GAAP except
where such principles are inconsistent with the specific provisions of this Agreement. The Borrower covenants and agrees with the Lenders
that whether or not the Borrower may at any time adopt Accounting Standards Codification 825 or account for assets and liabilities acquired
in an acquisition on a fair value basis pursuant to Accounting Standards Codification 805, all determinations of compliance with the terms
and conditions of this Agreement shall be made on the basis that the Borrower has not adopted Accounting Standards Codification 825 or
Accounting Standards Codification 805.

 

Section 1.3.            Change
in Accounting Principles. If, after the date of this Agreement, there shall occur any change
in GAAP from those used in the preparation of the financial statements referred to in Section 6.5 hereof and such change shall result
in a change in the method of calculation of any financial covenant, standard or term found in this Agreement, either the Borrower or the
Required Lenders may by notice to the Lenders and the Borrower, respectively, require that the Lenders and the Borrower negotiate in good
faith to amend such covenants, standards, and terms so as equitably to reflect such change in accounting principles, with the desired
result being that the criteria for evaluating the financial condition of the Borrower and its Subsidiaries shall be the same as if such
change had not been made. No delay by the Borrower or the Required Lenders in requiring such negotiation shall limit their right to so
require such a negotiation at any time after such a change in accounting principles. Until any such covenant, standard, or term is amended
in accordance with this Section 1.3, financial covenants shall be computed and determined in accordance with GAAP in effect prior
to such change in accounting principles. Without limiting the generality of the foregoing, the Borrower shall neither be deemed to be
in compliance with any financial covenant hereunder nor out of compliance with any financial covenant hereunder if such state of compliance
or noncompliance, as the case may be, would not exist but for the occurrence of a change in accounting principles after the date hereof.

 

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Section 1.4.            Divisions.
For all purposes under the Loan Documents, in connection with any division or plan of division (whether under Delaware law or any comparable
event under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes the asset,
right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the
subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized on the
first date of its existence by the holders of its equity interests at such time.

 

Section 1.5.            Interest
Rates. The Administrative
Agent does not warrant or accept responsibility for, and shall not have any liability with respect to (a) the continuation of, administration
of, submission of, calculation of or any other matter related to the Benchmark, any component definition thereof or rates referred to
in the definition thereof, or any alternative, successor or replacement rate thereto (including any Benchmark Replacement), including
whether the composition or characteristics of any such alternative, successor or replacement rate (including any Benchmark Replacement)
will be similar to, or produce the same value or economic equivalence of, or have the same volume or liquidity as, the Benchmark or any
other Benchmark prior to its discontinuance or unavailability, or (b) the effect, implementation or composition of any Conforming
Changes. The Administrative Agent and its affiliates or other related entities may engage in transactions that affect the calculation
of the Benchmark, any alternative, successor or replacement rate (including any Benchmark Replacement) and/or any relevant adjustments
thereto, in each case, in a manner adverse to the Borrower. The Administrative
Agent may select information sources or services
in its reasonable discretion to ascertain the Benchmark or any other Benchmark, in each case pursuant to the terms of this Agreement,
and shall have no liability to the Borrower, any Lender or any other person or entity for damages of any kind, including direct or indirect,
special, punitive, incidental or consequential damages, costs, losses or expenses (whether in tort, contract or otherwise and whether
at law or in equity), for any error or calculation of any such rate (or component thereof) provided by any such information source or
service.

 

Section 2.            The
Credit Facilities.

 

Section 2.1.            Commitments.

 

(a)            Term
Credit Commitments. Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make (i) a
term loan advanced in a single Borrowing on the Closing Date that will mature on the 2025 Term Credit Termination Date (individually a
 “2025 Term Loan” and collectively for all the Lenders, the “2025 Term Loans”) in U.S. Dollars to
the Borrower in the amount of each 2025 Term Credit Commitment of such Lender and (ii) a term loan advanced in a single Borrowing
on the Closing Date that will mature on the 2026 Term Credit Termination Date (individually, a “2026 Term Loan” and
collectively for all the Lenders, the “2026 Term Loans”) in U.S. Dollars to the Borrower in the amount of each 2026
Term Credit Commitment of such Lender. Each of the Term Loans shall be made ratably by the Lenders in proportion to their respective Term
Loan Percentages, at which time the applicable Term Credit Commitments shall expire. As provided in Section 2.5, the Borrower may
elect that the Term Loans be outstanding as Base Rate Loans or EurodollarSOFR
Loans. No amount repaid or prepaid on any Term Loan may be borrowed again.

 

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(b)            Revolving
Credit Commitments. Subject to the terms and conditions hereof, each Lender, by its acceptance hereof, severally agrees to make a
loan or loans (individually a “Revolving Loan” and collectively for all the Lenders, the “Revolving Loans”)
in U.S. Dollars to the Borrower from time to time on a revolving basis up to the amount of such Lender’s Revolving Credit Commitment,
subject to any reductions thereof pursuant to the terms hereof, before the Revolving Credit Termination Date. The sum of the aggregate
principal amount of Revolving Loans and L/C Obligations at any time outstanding shall not exceed the Revolving Credit Commitments in effect
at such time. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their respective Revolver Percentages.
As provided in Section 2.5, the Borrower may elect that each Borrowing of Revolving Loans be either Base Rate Loans or EurodollarSOFR
Loans. Revolving Loans may be repaid and the principal amount thereof reborrowed before the Revolving Credit Termination Date, subject
to the terms and conditions hereof.

 

Section 2.2.            Letters
of Credit. (a) General Terms. Subject to the terms and conditions hereof, as part
of the Revolving Credit, the L/C Issuer shall issue standby and commercial letters of credit (each a “Letter of Credit”)
for the account of the Borrower or for the account of the Borrower and one or more of its Subsidiaries in an aggregate undrawn face amount
up to the L/C Sublimit. The sum of the aggregate principal amount of Revolving Loans and L/C Obligations at any time outstanding shall
not exceed the Revolving Credit Commitments in effect at such time. Each Letter of Credit shall be issued by the L/C Issuer, but each
Lender shall be obligated to reimburse the L/C Issuer for such Lender’s Revolver Percentage of the amount of each drawing thereunder
and, accordingly, each Letter of Credit shall constitute usage of the Revolving Credit Commitment of each Lender pro rata in an amount
equal to its Revolver Percentage of the L/C Obligations then outstanding.

 

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(b)            Applications.
At any time before the Revolving Credit Termination Date, the L/C Issuer shall, at the request of the Borrower, issue one or more Letters
of Credit in U.S. Dollars, in a form satisfactory to the L/C Issuer, with expiration dates no later than the earlier of 12 months from
the date of issuance (or which are cancelable not later than 12 months from the date of issuance and each renewal) or 30 days prior to
the Revolving Credit Termination Date, in an aggregate face amount as set forth above, upon the receipt of an application duly executed
by the Borrower and, if such Letter of Credit is for the account of one of its Subsidiaries, such Subsidiary for the relevant Letter of
Credit in the form then customarily prescribed by the L/C Issuer for the Letter of Credit requested (each an “Application”).
The Borrower agrees that if on the date 30 days prior to the Revolving Credit Termination Date any Letters of Credit remain outstanding
the Borrower shall then deliver to the Administrative Agent, without notice or demand, Cash Collateral in an amount equal to 103% of the
aggregate amount of each Letter of Credit then outstanding (which shall be held by the Administrative Agent pursuant to the terms of Section 9.4).
Notwithstanding anything contained in any Application to the contrary: (i) the Borrower shall pay fees in connection with each Letter
of Credit as set forth in Section 3.1, (ii) except as otherwise provided herein or in Section 2.7, Section 2.14 or
Section 2.15, unless an Event of Default exists, the L/C Issuer will not call for the funding by the Borrower of any amount under
a Letter of Credit before being presented with a drawing thereunder, and (iii) if the L/C Issuer is not timely reimbursed for the
amount of any drawing under a Letter of Credit on the date such drawing is paid, the Borrower’s obligation to reimburse the L/C
Issuer for the amount of such drawing shall bear interest (which the Borrower hereby promises to pay) from and after the date such drawing
is paid at a rate per annum equal to the sum of the Applicable Margin plus the Base Rate from time to time in effect (computed on the
basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed). If the L/C Issuer issues any Letter of
Credit with an expiration date that is automatically extended unless the L/C Issuer gives notice that the expiration date will not so
extend beyond its then scheduled expiration date, unless the Administrative Agent or the Required Lenders instruct the L/C Issuer otherwise,
the L/C Issuer will give such notice of non-renewal before the time necessary to prevent such automatic extension if before such required
notice date: (i) the expiration date of such Letter of Credit if so extended would be after the Revolving Credit Termination Date,
(ii) the Revolving Credit Commitments have been terminated, or (iii) a Default or an Event of Default exists and either the
Administrative Agent or the Required Lenders (with notice to the Administrative Agent) have given the L/C Issuer instructions not to so
permit the extension of the expiration date of such Letter of Credit. The L/C Issuer agrees to issue amendments to the Letter(s) of
Credit increasing the amount, or extending the expiration date, thereof at the request of the Borrower subject to the conditions of Section 7
and the other terms of this Section 2.2. Notwithstanding anything contained herein to the contrary, the L/C Issuer shall be under
no obligation to issue, extend or amend any Letter of Credit if a default of any Lender’s obligations to fund under Section 2.2(c) exists
or any Lender is at such time a Defaulting Lender hereunder, unless the L/C Issuer has entered into arrangements with Borrower or such
Lender satisfactory to the L/C Issuer to eliminate the L/C Issuer’s risk with respect to such Lender.

 

(c)            The
Reimbursement Obligations. Subject to Section 2.2(b), the obligation of the Borrower to reimburse the L/C Issuer for all drawings
under a Letter of Credit (a “Reimbursement Obligation”) shall be governed by the Application related to such Letter
of Credit, except that reimbursement shall be made by no later than 2:00 p.m. (Chicago time) on the date when each drawing is to
be paid if the Borrower has been informed of such drawing by the L/C Issuer on or before 11:30 a.m. (Chicago time) on the date when
such drawing is to be paid or, if notice of such drawing is given to the Borrower after 11:30 a.m. (Chicago time) on the date when
such drawing is to be paid, by no later than 12:00 Noon (Chicago time) on the following Business Day, in immediately available funds at
the Administrative Agent’s principal office in Chicago, Illinois or such other office as the Administrative Agent may designate
in writing to the Borrower (who shall thereafter cause to be distributed to the L/C Issuer such amount(s) in like funds). If the
Borrower does not make any such reimbursement payment on the date due and the Participating Lenders fund their participations therein
in the manner set forth in Section 2.2(e) below, then all payments thereafter received by the Administrative Agent in discharge
of any of the relevant Reimbursement Obligations shall be distributed in accordance with Section 2.2(e) below.

 

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(d)            Obligations
Absolute. The Borrower’s obligation to reimburse L/C Obligations as provided in subsection (c) of this Section shall
be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement and the relevant
Application under any and all circumstances whatsoever and irrespective of (i) any lack of validity or enforceability of any Letter
of Credit or this Agreement, or any term or provision therein, (ii) any draft or other document presented under a Letter of Credit
proving to be forged, fraudulent or invalid in any respect or any statement therein being untrue or inaccurate in any respect, (iii) payment
by the L/C Issuer under a Letter of Credit against presentation of a draft or other document that does not strictly comply with the terms
of such Letter of Credit, or (iv) any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that
might, but for the provisions of this Section, constitute a legal or equitable discharge of, or provide a right of setoff against, the
Borrower’s obligations hereunder. None of the Administrative Agent, the Lenders, or the L/C Issuer shall have any liability or responsibility
by reason of or in connection with the issuance or transfer of any Letter of Credit or any payment or failure to make any payment thereunder
(irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or delay
in transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document
required to make a drawing thereunder), any error in interpretation of technical terms or any consequence arising from causes beyond the
control of the L/C Issuer; provided that the foregoing shall not be construed to excuse the L/C Issuer from liability to the Borrower
to the extent of any direct damages (as opposed to consequential damages, claims in respect of which are hereby waived by the Borrower
to the extent permitted by applicable law) suffered by the Borrower that are caused by the L/C Issuer’s failure to exercise care
when determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof. The parties hereto
expressly agree that, in the absence of gross negligence or willful misconduct on the part of the L/C Issuer (as determined by a court
of competent jurisdiction by final and nonappealable judgment), the L/C Issuer shall be deemed to have exercised care in each such determination.
In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented
which appear on their face to be in substantial compliance with the terms of a Letter of Credit, the L/C Issuer may, in its sole discretion,
either accept and make payment upon such documents without responsibility for further investigation, regardless of any notice or information
to the contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms
of such Letter of Credit.

 

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(e)            The
Participating Interests. Each Lender (other than the Lender acting as the L/C Issuer in issuing the relevant Letter of Credit), by
its acceptance hereof, severally agrees to purchase from the L/C Issuer, and the L/C Issuer hereby agrees to sell to each such Lender
(a “Participating Lender”), an undivided percentage participating interest (a “Participating Interest”),
to the extent of its Revolver Percentage, in each Letter of Credit issued by, and each Reimbursement Obligation owed to, the L/C Issuer.
Upon any failure by the Borrower to pay any Reimbursement Obligation at the time required on the date the related drawing is to be paid,
as set forth in Section 2.2(c) above, or if the L/C Issuer is required at any time to return to the Borrower or to a trustee,
receiver, liquidator, custodian or other Person any portion of any payment of any Reimbursement Obligation, each Participating Lender
shall, not later than the Business Day it receives a certificate in the form of Exhibit A hereto from the L/C Issuer (with a copy
to the Administrative Agent) to such effect, if such certificate is received before 1:00 p.m. (Chicago time), or not later than 1:00
p.m. (Chicago time) the following Business Day, if such certificate is received after such time, pay to the Administrative Agent
for the account of the L/C Issuer an amount equal to such Participating Lender’s Revolver Percentage of such unpaid or recaptured
Reimbursement Obligation together with interest on such amount accrued from the date the related payment was made by the L/C Issuer to
the date of such payment by such Participating Lender at a rate per annum equal to: (i) from the date the related payment was made
by the L/C Issuer to the date two (2) Business Days after payment by such Participating Lender is due hereunder, the Federal Funds
Rate for each such day and (ii) from the date two (2) Business Days after the date such payment is due from such Participating
Lender to the date such payment is made by such Participating Lender, the Base Rate in effect for each such day. Each such Participating
Lender shall thereafter be entitled to receive its Revolver Percentage of each payment received in respect of the relevant Reimbursement
Obligation and of interest paid thereon, with the L/C Issuer retaining its Revolver Percentage thereof as a Lender hereunder. The several
obligations of the Participating Lenders to the L/C Issuer under this Section 2.2 shall be absolute, irrevocable, and unconditional
under any and all circumstances whatsoever and shall not be subject to any set-off, counterclaim or defense to payment which any Participating
Lender may have or have had against the Borrower, the L/C Issuer, the Administrative Agent, any Lender or any other Person whatsoever.
Without limiting the generality of the foregoing, such obligations shall not be affected by any Default or Event of Default or by any
reduction or termination of any Revolving Credit Commitment of any Lender, and each payment by a Participating Lender under this Section 2.2
shall be made without any offset, abatement, withholding or reduction whatsoever.

 

(f)            Indemnification.
The Participating Lenders shall, to the extent of their respective Revolver Percentages, indemnify the L/C Issuer (to the extent not reimbursed
by the Borrower) against any cost, expense (including reasonable counsel fees and disbursements), claim, demand, action, loss or liability
(except such as result from the L/C Issuer’s gross negligence or willful misconduct as determined by a court of competent jurisdiction
by final and nonappealable judgment) that the L/C Issuer may suffer or incur in connection with any Letter of Credit issued by it. The
obligations of the Participating Lenders under this Section 2.2(f) and all other parts of this Section 2.2 shall survive
termination of this Agreement and of all Applications, Letters of Credit, and all drafts and other documents presented in connection with
drawings thereunder.

 

(g)            Manner
of Requesting a Letter of Credit. The Borrower shall provide at least five (5) Business Days’ advance written notice to
the Administrative Agent of each request for the issuance of a Letter of Credit, such notice in each case to be accompanied by an Application
for such Letter of Credit properly completed and executed by the Borrower and, in the case of an extension or amendment or an increase
in the amount of a Letter of Credit, a written request therefor, in a form acceptable to the Administrative Agent and the L/C Issuer,
in each case, together with the fees called for by this Agreement. The Administrative Agent shall promptly notify the L/C Issuer of the
Administrative Agent’s receipt of each such notice (and the L/C Issuer shall be entitled to assume that the conditions precedent
to any such issuance, extension, amendment or increase have been satisfied unless notified to the contrary by the Administrative Agent
or the Required Lenders) and the L/C Issuer shall promptly notify the Administrative Agent and the Lenders of the issuance of the Letter
of Credit so requested.

 

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(h)            Replacement
of the L/C Issuer. The L/C Issuer may be replaced at any time by written agreement among the Borrower, the Administrative Agent, the
replaced L/C Issuer and the successor L/C Issuer. The Administrative Agent shall notify the Lenders of any such replacement of the L/C
Issuer. At the time any such replacement shall become effective, the Borrower shall pay all unpaid fees accrued for the account of the
replaced L/C Issuer. From and after the effective date of any such replacement (i) the successor L/C Issuer shall have all the rights
and obligations of the L/C Issuer under this Agreement with respect to Letters of Credit to be issued thereafter and (ii) references
herein to the term “L/C Issuer” shall be deemed to refer to such successor or to any previous L/C Issuer, or to such successor
and all previous L/C Issuers, as the context shall require. After the replacement of a L/C Issuer hereunder, the replaced L/C Issuer shall
remain a party hereto and shall continue to have all the rights and obligations of a L/C Issuer under this Agreement with respect to Letters
of Credit issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit.

 

Section 2.3.            Applicable
Interest Rates. (a) Base Rate Loans. Each Base Rate Loan made or maintained by a
Lender shall bear interest (computed on the basis of a year of 365 or 366 days, as the case may be, and the actual days elapsed) on the
unpaid principal amount thereof from the date such Loan is advanced, or created by conversion from a EurodollarSOFR
Loan, until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin plus the Base
Rate from time to time in effect, payable by the Borrower on each Interest Payment Date and at maturity (whether by acceleration or otherwise).

 

(b)            EurodollarSOFR
Loans. Each EurodollarSOFR
Loan made or maintained by a Lender shall bear interest during each Interest Period it is outstanding (computed on the basis of a year
of 360 days and actual days elapsed) on the unpaid principal amount thereof from the date such Loan is advanced or continued, or created
by conversion from a Base Rate Loan, until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the
Applicable Margin plus the Adjusted LIBORTerm
SOFR applicable for such Interest Period, payable by the Borrower on each Interest Payment Date and at maturity (whether by
acceleration or otherwise).

 

(c)            Rate
Determinations.  The Administrative Agent shall determine each interest rate applicable to the Loans and the Reimbursement Obligations
hereunder, and its determination thereof shall be conclusive and binding except in the case of manifest error.
In connection with the use or administration of Term SOFR, the Administrative Agent will have the right to make Conforming Changes from
time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such
Conforming Changes will become effective without any further
action or consent of any other party to this Agreement or any other Loan Document. The
Administrative Agent will promptly notify the Borrower and the Lenders of the effectiveness of any Conforming Changes in connection with
the use or administration of Term SOFR.

 

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(d)            Investment
Grade Credit Rating Interest Rate Election. At any time after the Borrower receives an Investment Grade Credit Rating, the Borrower
may, so long as no Default then exists and is continuing, irrevocably elect (an “Interest Rate Election”) by written
notice to the Administrative Agent, accompanied by reasonable evidence of the Borrower’s Credit Ratings, that the interest rate
and fee margins set forth in clause (b) of the definition of “Applicable Margin” herein shall at all times thereafter
be applicable to all credit extensions under this Agreement. The Administrative Agent shall provide the Lenders and the L/C Issuer with
prompt notice of its receipt of any Interest Rate Election. On the day after the date of the Administrative Agent’s receipt of any
Interest Rate Election (the date of the Administrative Agent’s receipt of such election is the “Interest Rate Election
Date”), the margins set forth in clause (a) of the definition of “Applicable Margin” herein shall no
longer apply.

 

Section 2.4.            Minimum
Borrowing Amounts; Maximum EurodollarSOFR
Loans. Each Borrowing of Base Rate Loans advanced under the Revolving Credit shall be in an amount
not less than $100,000. Each Borrowing of EurodollarSOFR
Loans advanced, continued or converted under the Revolving Credit shall be in an amount equal to $1,000,000 or such greater amount which
is an integral multiple of $500,000. Without the Administrative Agent’s consent, there shall not be more than six (6) Borrowings
of EurodollarSOFR
Loans outstanding hereunder at any one time.

 

Section 2.5.            Manner
of Borrowing Loans and Designating Applicable Interest Rates. (a) Notice to the Administrative
Agent. The Borrower shall give notice to the Administrative Agent by no later than 11:00 a.m. (Chicago time): (i) at least
three (3) Business Days before the date on which the Borrower requests the Lenders to advance a Borrowing of EurodollarSOFR
Loans and (ii) on the date the Borrower requests the Lenders to advance a Borrowing of Base Rate Loans; provided, that with
respect to any Borrowing of the Term Loans on the Closing Date, the foregoing deadlines may be shortened or waived by the Administrative
Agent in its sole discretion. The Loans included in each Borrowing shall bear interest initially at the type of rate specified in such
notice of a new Borrowing. Thereafter, subject to the terms and conditions hereof, the Borrower may from time to time elect to change
or continue the type of interest rate borne by each Borrowing or, subject to the minimum amount requirement for each outstanding Borrowing
set forth in Section 2.4, a portion thereof, as follows: (i) if such Borrowing is of EurodollarSOFR
Loans, on the last day of the Interest Period applicable thereto, the Borrower may continue part or all of such Borrowing as EurodollarSOFR
Loans or convert part or all of such Borrowing into Base Rate Loans or (ii) if such Borrowing is of Base Rate Loans, on any Business
Day, the Borrower may convert all or part of such Borrowing into EurodollarSOFR
Loans for an Interest Period or Interest Periods specified by the Borrower. The Borrower shall give all such notices requesting the advance,
continuation or conversion of a Borrowing to the Administrative Agent by telephone, telecopy, or other telecommunication device acceptable
to the Administrative Agent (which notice shall be irrevocable once given and, if by telephone, shall be promptly confirmed in writing
in a manner acceptable to the Administrative Agent), substantially in the form attached hereto as Exhibit B (Notice of Borrowing)
or Exhibit C (Notice of Continuation/Conversion), as applicable, or in such other form acceptable to the Administrative Agent. Notice
of the continuation of a Borrowing of EurodollarSOFR
Loans for an additional Interest Period or of the conversion of part or all of a Borrowing of Base Rate Loans into EurodollarSOFR
Loans must be given by no later than 11:00 a.m. (Chicago time) at least three (3) Business Days before the date of the requested
continuation or conversion. All such notices concerning the advance, continuation or conversion of a Borrowing shall specify the date
of the requested advance, continuation or conversion of a Borrowing (which shall be a Business Day), the amount of the requested Borrowing
to be advanced, continued or converted, the type of Loans to comprise such new, continued or converted Borrowing and, if such Borrowing
is to be comprised of EurodollarSOFR
Loans, the Interest Period applicable thereto. No Borrowing of EurodollarSOFR
Loans shall be advanced, continued, or created by conversion if any Default or Event of Default then exists. The Borrower agrees
that the Administrative Agent may rely on any such telephonic, telecopy or other telecommunication notice given by any person the Administrative
Agent in good faith believes is an Authorized Representative without the necessity of independent investigation, and in the event any
such notice by telephone conflicts with any written confirmation such telephonic notice shall govern if the Administrative Agent has acted
in reliance thereon.

 

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(b)            Notice
to the Lenders. The Administrative Agent shall give prompt telephonic, telecopy or other telecommunication notice to each Lender of
any notice from the Borrower received pursuant to Section 2.5(a) above and, if
the amount of such notice requests
the Lenders to make Eurodollar Loans, the Administrative Agent shall give notice to the Borrower and each Lender by like means of the
interest rate applicable thereto promptly after the Administrative Agent has made such determinationLender’s
Loan to be made as part of the requested Borrowing.

 

(c)            Borrower’s
Failure to Notify. If the Borrower fails to give notice pursuant to Section 2.5(a) above of the continuation or conversion
of any outstanding principal amount of a Borrowing of EurodollarSOFR
Loans before the last day of its then current Interest Period within the period required by Section 2.5(a) and such Borrowing
is not prepaid in accordance with Section 2.7, such Borrowing shall automatically be converted into a Borrowing of Base Rate Loans.
In the event the Borrower fails to give notice pursuant to Section 2.5(a) above of a Borrowing equal to the amount of a Reimbursement
Obligation and has not notified the Administrative Agent by 12:00 noon (Chicago time) on the day such Reimbursement Obligation becomes
due that it intends to repay such Reimbursement Obligation through funds not borrowed under this Agreement, the Borrower shall be deemed
to have requested a Borrowing of Base Rate Loans under the Revolving Credit on such day in the amount of the Reimbursement Obligation
then due, which Borrowing shall be applied to pay the Reimbursement Obligation then due.

 

(d)            Disbursement
of Loans. Not later than 1:00 p.m. (Chicago time) on the date of any requested advance of a new Borrowing, subject to Section 7,
each Lender shall make available its Loan comprising part of such Borrowing in funds immediately available at the principal office of
the Administrative Agent in Chicago, Illinois (or at such other location in the United States as the Administrative Agent shall designate
in writing to the Borrower). The Administrative Agent shall make the proceeds of each new Borrowing available to the Borrower at the Administrative
Agent’s principal office in Chicago, Illinois (or at such other location in the United States as the Administrative Agent shall
designate in writing to the Borrower), by depositing or wire transferring such proceeds to the credit of the Borrower’s Designated
Disbursement Account or as the Borrower and the Administrative Agent may otherwise agree.

 

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(e)            Administrative
Agent Reliance on Lender Funding. Unless the Administrative Agent shall have been notified by a Lender prior to (or, in the case of
a Borrowing of Base Rate Loans, by 1:00 p.m. (Chicago time) on) the date on which such Lender is scheduled to make payment to the
Administrative Agent of the proceeds of a Loan (which notice shall be effective upon receipt) that such Lender does not intend to make
such payment, the Administrative Agent may assume that such Lender has made such payment when due and the Administrative Agent may in
reliance upon such assumption (but shall not be required to) make available to the Borrower the proceeds of the Loan to be made by such
Lender and, if any Lender has not in fact made such payment to the Administrative Agent, such Lender shall, on demand, pay to the Administrative
Agent the amount made available to the Borrower attributable to such Lender together with interest thereon in respect of each day during
the period commencing on the date such amount was made available to the Borrower and ending on (but excluding) the date such Lender pays
such amount to the Administrative Agent at a rate per annum equal to: (i) from the date the related advance was made by the Administrative
Agent to the date two (2) Business Days after payment by such Lender is due hereunder, the Federal Funds Rate for each such day and
(ii) from the date two (2) Business Days after the date such payment is due from such Lender to the date such payment is made
by such Lender, the Base Rate in effect for each such day. If such amount is not received from such Lender by the Administrative Agent
immediately upon demand, the Borrower will, on demand, repay to the Administrative Agent the proceeds of the Loan attributable to such
Lender with interest thereon at a rate per annum equal to the interest rate applicable to the relevant Loan, but without such payment
being considered a payment or prepayment of a Loan under Section 2.10 so that the Borrower will have no liability under such Section with
respect to such payment.

 

Section 2.6.            Maturity
of Loans. (a)

 

(a)            Term
Loans. Each 2025 Term Loan, both for principal and interest not sooner paid, shall mature and be due and payable by the Borrower on
the 2025 Term Credit Termination Date. Each 2026 Term Loan, both for principal and interest not sooner paid, shall mature and be due and
payable by the Borrower on the 2026 Term Credit Termination Date.

 

(b)            Revolving
Loans. Each Revolving Loan, both for principal and interest not sooner paid, shall mature and be due and payable by the Borrower on
the Revolving Credit Termination Date.

 

Section 2.7.            Prepayments.
(a) Optional. The Borrower may prepay at any time or from time to time in whole or in part (but, if in part, then: (i) if
such Borrowing is of Base Rate Loans, in an amount not less than $100,000, (ii) if such Borrowing is of EurodollarSOFR
Loans, in an amount not less than $500,000, and (iii) in each case, in an amount such that the minimum amount required for a Borrowing
pursuant to Section 2.4 remains outstanding) without premium or penalty (subject to Section 2.10) any Borrowing of EurodollarSOFR
Loans at any time upon three (3) Business Days prior notice by the Borrower to the Administrative Agent or, in the case of a Borrowing
of Base Rate Loans, notice delivered by the Borrower to the Administrative Agent no later than 10:00 a.m. (Chicago time) on the date
of prepayment (or, in any case, such shorter period of time then agreed to by the Administrative Agent), such prepayment,
in each case, to be made by the payment of the principal amount to be prepaid and, in the case of any EurodollarSOFR
Loans, accrued interest thereon to the date fixed for prepayment plus any amounts due the Lenders under Section 2.10.

 

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(b)            Mandatory.
(i) The Borrower shall, on each date the Revolving Credit Commitments are reduced pursuant to Section 2.11, prepay the Revolving
Loans and, if necessary, Cash Collateralize the L/C Obligations by the amount, if any, necessary to reduce the sum of the aggregate principal
amount of Revolving Loans and L/C Obligations then outstanding to the amount to which the Revolving Credit Commitments have been so reduced.

 

(ii)            Unless
the Borrower otherwise directs, prepayments of Loans under this Section 2.7(b) shall be applied first to Borrowings of Base
Rate Loans until payment in full thereof with any balance applied to Borrowings of EurodollarSOFR
Loans in the order in which their Interest Periods expire. Each prepayment of Loans under this Section 2.7(b) shall be made
by the payment of the principal amount to be prepaid and, in the case of any EurodollarSOFR
Loans, accrued interest thereon to the date of prepayment together with any amounts due the Lenders under Section 2.10. Each Cash
Collateralization of L/C Obligations shall be held by the Administrative Agent in accordance with Section 9.4.

 

(c)            Any
amount of Revolving Loans paid or prepaid before the Revolving Credit Termination Date may, subject to the terms and conditions of this
Agreement, be borrowed, repaid and borrowed again. No amount of Term Loans or Incremental Term Loans paid or prepaid may be reborrowed.

 

Section 2.8            Default
Rate. Notwithstanding anything to the contrary contained herein, while any Event of Default exists
or after acceleration, 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 Loans and Reimbursement Obligations, and letter of credit fees at a rate per annum equal to:

 

(a)             for
any Base Rate Loan, the sum of 2.0% plus the Applicable Margin plus the Base Rate from time to time in effect;

 

(b)             for
any EurodollarSOFR
Loan, the sum of 2.0% plus the rate of interest in effect thereon at the time
of such default until the end of the Interest Period applicable thereto and, thereafter, at a rate per annum equal to the sum of 2.0%
plus the Applicable Margin for Base Rate Loans plus the Base Rate from time to time in effect;

 

(c)             for
any Reimbursement Obligation, the sum of 2.0% plus the amounts due under Section 2.2 with respect to such Reimbursement Obligation;
and

 

(d)            for
any Letter of Credit, the sum of 2.0% plus the letter of credit fee due under Section 3.1 with respect to such Letter of
Credit; and

 

(e)            for
any other amount owing hereunder not covered by clauses (a) through (d) above, the sum of 2% plus the Applicable Margin
for Revolving Credit Base Rate Loans plus the Base Rate from time to time in effect;

 

provided, however, that in the absence
of acceleration, any adjustments pursuant to this Section shall be made at the election of the Administrative Agent, acting at the
request or with the consent of the Required Lenders, with written notice to the Borrower. While any Event of Default exists or after acceleration,
interest shall be paid on demand of the Administrative Agent at the request or with the consent of the Required Lenders.

 

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Section 2.9.            Evidence
of Indebtedness. (a) Each Lender shall maintain in accordance with its usual practice an
account or accounts evidencing the indebtedness of the Borrower to such Lender resulting from each Loan made by such Lender from time
to time, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder.

 

(b)            The
Administrative Agent shall also maintain accounts in which it will record (i) the amount of each Loan made hereunder and the Interest
Period with respect thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower
to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder from the Borrower and each
Lender’s share thereof.

 

(c)            The
entries maintained in the accounts maintained pursuant to paragraphs (a) and (b) above shall be prima facie evidence
of the existence and amounts of the Obligations therein recorded; provided, however, that the failure of the Administrative Agent
or any Lender to maintain such accounts or any error therein shall not in any manner affect the obligation of the Borrower to repay the
Obligations in accordance with their terms.

 

(d)            Any
Lender may request that its Loans be evidenced by a promissory note or notes in the forms of Exhibit D-1 (in the case of its Revolving
Loans and referred to herein as a “Revolving Note”), Exhibit D            -2
(in the case of its Term Loans and referred to herein as a “Term Note”), or Exhibit D-3 (in the case of its Incremental
Term Loans and referred to herein as a “Incremental Term Note”) as applicable (Revolving Notes, Term Notes and Incremental
Term Notes being hereinafter referred to collectively as the “Notes” and individually as a “Note”).
In such event, the Borrower shall prepare, execute and deliver to such Lender a Note payable to such Lender or its registered assigns
in the amount of the relevant Term Loan, Incremental Term Loan, or Revolving Loan, as applicable. Thereafter, the Loans evidenced
by such Note or Notes and interest thereon shall at all times (including after any assignment pursuant to Section 12.10) be represented
by one or more Notes payable to the order of the payee named therein or any assignee pursuant to Section 12.10, except to the extent
that any such Lender or assignee subsequently returns any such Note for cancellation and requests that such Loans once again be evidenced
as described in subsections (a) and (b) above.

 

Section 2.10.            Funding
Indemnity. If any Lender shall incur any loss, cost or expense (including, without limitation,
any loss, cost or expense incurred by reason of the liquidation or re-employment of deposits or other funds acquired by such Lender to
fund or maintain any EurodollarSOFR
Loan or the relending or reinvesting of such deposits or amounts paid or prepaid to such Lender) as a result of:

 

(a)            any
payment, prepayment or conversion of a EurodollarSOFR
Loan on a date other than the last day of its Interest Period,

 

(b)            any
failure (because of a failure to meet the conditions of Section 7 or otherwise) by the Borrower to borrow or continue a EurodollarSOFR
Loan, or to convert a Base Rate Loan into a EurodollarSOFR
Loan, on the date specified in a notice given pursuant to Section 2.5(a),

 

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(c)            any
failure by the Borrower to make any payment of principal on any EurodollarSOFR
Loan when due (whether by acceleration or otherwise), or

 

(d)            any
acceleration of the maturity of a EurodollarSOFR
Loan as a result of the occurrence of any Event of Default hereunder,

 

then, upon the demand of such Lender, the Borrower
shall pay to such Lender such amount as will reimburse such Lender for such loss, cost or expense. If any Lender makes such a claim for
compensation, it shall provide to the Borrower, with a copy to the Administrative Agent, a certificate setting forth the amount of such
loss, cost or expense in reasonable detail (including an explanation of the basis for and the computation of such loss, cost or expense)
and the amounts shown on such certificate shall be deemed prime facie correct.

 

Section 2.11.            Revolving
Facility Commitment Terminations. (a) Optional Revolving Credit Terminations. The
Borrower shall have the right at any time and from time to time, upon five (5) Business Days prior written notice to the Administrative
Agent (or such shorter period of time agreed to by the Administrative Agent), to terminate the Revolving Credit Commitments without premium
or penalty and in whole or in part, any partial termination to be (i) in an amount not less than $1,000,000 and (ii) allocated
ratably among the Lenders in proportion to their respective Revolver Percentages, provided that the Revolving Credit Commitments may not
be reduced to an amount less than the sum of the aggregate principal amount of Revolving Loans and L/C Obligations then outstanding. Any
termination of the Revolving Credit Commitments below the L/C Sublimit then in effect shall reduce the L/C Sublimit by a like amount.
The Administrative Agent shall give prompt notice to each Lender of any such termination of the Revolving Credit Commitments.

 

(b)            Any
termination of the Revolving Credit Commitments pursuant to this Section may not be reinstated.

 

Section 2.12.            Substitution
of Lenders. In the event (a) the Borrower receives a claim from any Lender for compensation
under Section 10.3 or 12.1, (b) the Borrower receives notice from any Lender of any illegality pursuant to Section 10.1,
(c) any Lender is then a Defaulting Lender or such Lender is a Subsidiary or Affiliate of a Person who has been deemed insolvent
or becomes the subject of a bankruptcy or insolvency proceeding or a receiver or conservator has been appointed for any such Person, or
(d) a Lender fails to consent to an amendment or waiver requested under Section 12.11 at a time when the Required Lenders have
approved such amendment or waiver (any such Lender referred to in clause (a), (b), (c), or (d) above being hereinafter referred to
as an “Affected Lender”), the Borrower may, in addition to any other rights the Borrower may have hereunder or under
applicable law, require, at its expense, any such Affected Lender to assign, at par, without recourse, all of its interest, rights, and
obligations hereunder (including all of its Commitments and the Loans and participation interests in Letters of Credit and other amounts
at any time owing to it hereunder and the other Loan Documents) to an Eligible Assignee specified by the Borrower, provided that
(i) such assignment shall not conflict with or violate any law, rule or regulation or order of any court or other Governmental
Authority, (ii) the Borrower shall have paid to the Affected Lender all monies (together with amounts due such Affected Lender under
Section 2.10 as if the Loans owing to it were prepaid rather than assigned) other than such principal owing to it hereunder, and
(iii) the assignment is entered into in accordance with, and subject to the consents required by, Section 12.10 (provided any
assignment fees and reimbursable expenses due thereunder shall be paid by the Borrower).

 

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Section 2.13.            Incremental
Facilities.

 

(a)            Incremental
Facilities. The Borrower may request, from time to time, on any Business Day prior to the date that is sixty (60) days prior to the
Stated Revolving Credit Termination Date by written notice to the Administrative Agent in the form attached hereto as Exhibit G or
in such other form acceptable to the Administrative Agent (a “Commitment Amount Increase Request”) at least five (5) Business
Days prior to the desired effective date of such increase (the “Commitment Amount Increase”) (i) an increase to
the then existing Revolving Credit Commitments (any such increase, the “Incremental Revolving Credit Commitments”)
and/or (ii) the establishment of one or more new term loan commitments (any such increase, the “Incremental Term Loan Commitments”),
by an amount not in excess of $500,000,000 in the aggregate so that the aggregate Commitments are not in excess of $1,000,000,000 and
not less than $5,000,000 individually. Each such Commitment Amount Increase Request shall identify (x) the Business Day (each an
“Increased Amount Date”) on which the Borrower proposes that the Incremental Revolving Credit Commitments or Incremental
Term Loan Commitments, as applicable, shall be effective, and (y) the identity of each Lender, or other Person that is an Eligible
Assignee (each, an “Incremental Revolving Loan Lender” or an “Incremental Term Loan Lender”, as
applicable), to whom the Borrower proposes any portion of such Incremental Revolving Credit Commitments or Incremental Term Loan Commitments,
as applicable, be allocated and the amount of such allocations; provided that Administrative Agent may elect or decline to arrange
such Incremental Revolving Credit Commitments or Incremental Term Loan Commitments in its sole discretion, and any Lender approached to
provide all or a portion of the Incremental Revolving Credit Commitments or Incremental Term Loan Commitments may elect or decline, in
its sole discretion, to provide an Incremental Revolving Credit Commitment or an Incremental Term Loan Commitment. Any Incremental Term
Loans made on an Increased Amount Date shall be designated a separate series identified by the year of maturity of such Incremental Term
Loans (or month and year if there are multiple Incremental Term Loans maturing in the same year) (each, a “Series”)
of Incremental Term Loans for all purposes of this Agreement.

 

(b)            Conditions
to Incremental Loans. Such Incremental Revolving Credit Commitments or Incremental Term Loan Commitments shall become effective as
of such Increased Amount Date; provided that (i) no Default or Event of Default shall have occurred and be continuing on such
Increased Amount Date before or after giving effect to such Incremental Revolving Credit Commitments or Incremental Term Loan Commitments,
as applicable; (ii) all representations and warranties contained in Section 6 hereof shall be true and correct in all material
respects (where not already qualified by materiality or Material Adverse Effect, otherwise in all respects) at the time of such request
and on the effective date of such Commitment Amount Increase (except to the extent such representations and warranties relate to an earlier
date, in which case they are true and correct in all material respects (where not already qualified by materiality or Material Adverse
Effect, otherwise in all respects) as of such date). The effective date of the Commitment Amount Increase shall be as set forth in the
related Commitment Amount Increase Request. Upon the effectiveness thereof, the Increasing Lenders shall advance Loans in an amount sufficient
such that after giving effect to its advance each Lender shall have outstanding its Percentage of Loans. It shall be a condition to such
effectiveness that if any EurodollarSOFR
Loans are outstanding on the date of such effectiveness, such EurodollarSOFR
Loans shall be deemed to be prepaid on such date and the Borrower shall pay any amounts owing to the Lenders pursuant to Section 2.10
hereof. The Borrower agrees to pay any reasonable expenses of the Administrative Agent relating to any Incremental Revolving Credit Commitments
or Incremental Term Loan Commitments, as applicable.

 

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(c)            Incremental
Revolving Loans. On any Increased Amount Date on which Incremental Revolving Credit Commitments are effected, subject to the satisfaction
of the terms and conditions expressed in the foregoing clauses (a) and (b), (i) each of the Lenders shall assign to each of
the Incremental Revolving Loan Lenders, and each of the Incremental Revolving Loan Lenders shall purchase from each of the Lenders, at
the principal amount thereof (together with accrued interest), Revolving Loans and interests in Letters of Credit outstanding on such
Increased Amount Date as shall be necessary in order that, after giving effect to all such assignments and purchases, the Revolving Loans
and interests in Letters of Credit will be held by the Lenders according to their then-existing Revolver Percentages after giving effect
to the addition of such Incremental Revolving Credit Commitments to the Revolving Loan Commitments, (ii) the share of each respective
Incremental Revolving Credit Commitment held by each respective Incremental Revolving Loan Lender shall be deemed for all purposes a Revolving
Loan Commitment of such Lender and each Loan made thereunder (an “Incremental Revolving Loan”) shall be deemed, for
all purposes, a Revolving Loan and all references to the Loan Documents to Revolving Credit Commitments and Revolving Loans shall be deemed
to include the Incremental Revolving Credit Commitments and Incremental Revolving Loans made pursuant to this Section and (iii) each
Incremental Revolving Loan Lender with a Revolving Credit Commitment shall become a Lender with a Revolving Credit Commitment with respect
to its respective share of the Incremental Revolving Credit Commitments and all matters relating thereto.

 

(d)            Incremental
Term Loans. On any Increased Amount Date on which any Incremental Term Loan Commitments of any Series are effective, subject
to the satisfaction of the terms and conditions expressed in the foregoing clauses (a) and (b), (i) each Incremental Term Loan
Lender of any Series shall make a Loan to the Borrower (an “Incremental Term Loan”) in an amount equal to its
Percentage of the Incremental Term Loan Commitment of such Series, and (ii) each Incremental Term Loan Lender of any Series shall
become a Lender hereunder with respect to its Incremental Term Loan.

 

(e)            Incremental
Loan Notices. Administrative Agent shall notify the Lenders promptly upon receipt of the Borrower’s Commitment Amount Increase
and in respect thereof (i) the Incremental Revolving Credit Commitments and the Incremental Revolving Loan Lenders or the Series of
Incremental Term Loan Commitments and the Incremental Term Loan Lenders of such Series, as applicable, and (ii) in the case of each
notice to any Lender of Revolving Loans, the new Revolver Percentage for such Lender, in each case subject to the assignments contemplated
by clause (c) of this section. Notwithstanding anything herein to the contrary, no Lender shall have any obligation to increase its
Commitment and no Lender’s Commitment shall be increased without its consent thereto, and each Lender may at its option, unconditionally
and without cause, decline to increase its Commitment.

 

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(f)            Terms
and Provisions of Incremental Loans. The terms and provisions of the Incremental Term Loans and Incremental Term Loan Commitments
of any Series shall be identical to the Term Loans and the terms and provisions of the Incremental Revolving Loans shall be identical
to the Revolving Loans; provided that the rate of interest applicable to the Incremental Term Loans and the Incremental Revolving
Loans shall be agreed between the Borrower and the Incremental Revolving Loan Lenders or Incremental Term Loan Lenders as applicable.
Each Commitment Amount Increase may, without the consent of any other Lenders, effect such amendments to this Agreement and any other
Loan Documents as may be necessary or appropriate, in the opinion of the Administrative Agent to effect the provision of this Section 2.13.

 

(g)            Equal
and Ratable Benefit. The Incremental Revolving Loans, Incremental Revolving Credit Commitments, Incremental Term Loans and
Incremental Term Loan Commitments established pursuant to this Section 2.13 shall constitute Loans under, and shall be entitled to
all the benefits afforded by, this Agreement and the other Loan Documents, and shall, without limiting the foregoing, benefit equally
and ratable with the other Obligations from the Guarantors.

 

Section 2.14.            Defaulting
Lenders.

 

(a)            Defaulting
Lender 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.

 

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(ii)            Defaulting
Lender Waterfall. Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of
such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Section 9 or otherwise) or received by the Administrative
Agent from a Defaulting Lender pursuant to Section 12.14 shall be applied at such time or times as may be determined by the Administrative
Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder; second,
to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to the L/C Issuer hereunder; third, to Cash Collateralize
the L/C Issuer’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 Default or Event of Default exists), to the funding of any Loan in respect of which such Defaulting
Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth,
if so determined by the Administrative Agent and the Borrower, to be held in a deposit account and released pro rata in order to (x) satisfy
such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement and (y) Cash Collateralize
the L/C Issuer’s future Fronting Exposure with respect to such Defaulting Lender with respect to future Letters of Credit issued
under this Agreement, in accordance with Section 2.15; sixth, to the payment of any amounts owing to the Lenders or the L/C
Issuer as a result of any judgment of a court of competent jurisdiction obtained by any Lender or the L/C Issuer against such Defaulting
Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default
or Event of Default exists, to the payment of any amounts owing to the Borrower as a result of any judgment of a court of competent jurisdiction
obtained by the Borrower against such Defaulting Lender as a result of such Defaulting Lender's breach of its obligations under this Agreement;
and eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such
payment is a payment of the principal amount of any Loans or L/C Obligations in respect of which such Defaulting Lender has not fully
funded its appropriate share, and (y) such Loans were made or the related Letters of Credit were issued at a time when the conditions
set forth in Section 7.1 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and L/C Obligations
owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or L/C Obligations owed
to, such Defaulting Lender until such time as all Loans and funded and unfunded participations in L/C Obligations are held by the Lenders
pro rata in accordance with the Revolving Credit Commitments under the Revolving Credit without giving effect to Section 2.14(a)(iv) below.
Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a
Defaulting Lender or to post Cash Collateral pursuant to this Section 2.14(a)(ii) shall be deemed paid to and redirected by
such Defaulting Lender, and each Lender irrevocably consents hereto.

 

(iii)            Certain
Fees.

 

(A)           Each
Defaulting Lender shall be entitled to receive a facility fee for any period during which that Lender is a Defaulting Lender only to extent
allocable to the sum of (1) the outstanding principal amount of the Revolving Loans funded by it, and (2) its Revolver Percentage
of the stated amount of Letters of Credit for which it has provided Cash Collateral pursuant to Section 2.15.

 

(B)            Each
Defaulting Lender shall be entitled to receive L/C Participation Fees for any period during which that Lender is a Defaulting Lender
only to the extent allocable to its Revolver Percentage of the stated amount of Letters of Credit for which it has provided Cash Collateral
pursuant to Section 2.15.

 

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

 

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(iv)            Reallocation
of Participations 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 Revolver Percentages (calculated without regard
to such Defaulting Lender’s Revolving Credit Commitment) but only to the extent that such reallocation does not cause the aggregate
Revolving Credit exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Credit Commitment. Subject
to Section 12.25, 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 (iv) above cannot, or can only partially, be effected, the Borrower shall,
without prejudice to any right or remedy available to it hereunder or under law, Cash Collateralize the L/C Issuer’s 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 L/C Issuer agree in writing that a Lender is no longer a Defaulting
Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject
to any conditions set forth therein (which may include arrangements with respect to any Cash Collateral), that Lender will, to the extent
applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent
may determine to be necessary to cause the Loans and funded and unfunded participations in Letters of Credit to be held pro rata by the
Lenders in accordance with the Revolving Credit Commitments under the Revolving Credit (without giving effect to Section 2.14(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 that Lender was a Defaulting Lender; and provided, further,
that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will
constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender.

 

(c)            New
Letters of Credit. So long as any Lender is a Defaulting Lender, the L/C Issuer shall not be required to issue, extend, renew or increase
any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

 

Section 2.15.            Cash
Collateral for Fronting Exposure. At any time that there shall exist a Defaulting Lender, within
one (1) Business Day following the written request of the Administrative Agent or the L/C Issuer (with a copy to the Administrative
Agent) the Borrower shall Cash Collateralize the L/C Issuer’s Fronting Exposure with respect to such Defaulting Lender (determined
after giving effect to Section 2.14(a)(iv) and any Cash Collateral provided by such Defaulting Lender) in an amount not less
than the Minimum Collateral Amount.

 

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(a)            Grant
of Security Interest. The Borrower, and to the extent provided by any Defaulting Lender, such Defaulting Lender, hereby grants to
the Administrative Agent, for the benefit of the L/C Issuer, and agrees to maintain, a first priority security interest in all such Cash
Collateral as security for the Defaulting Lenders’ obligation to fund participations in respect of L/C Obligations, to be applied
pursuant to clause (b) below. 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 and the L/C Issuer as herein provided, or that the total amount of such Cash Collateral
is less than the Minimum Collateral Amount, the Borrower will, promptly upon demand by the Administrative Agent, pay or provide to the
Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency (after giving effect to any Cash
Collateral provided by the Defaulting Lender).

 

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

 

(c)            Termination
of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the L/C Issuer’s Fronting Exposure shall
no longer be required to be held as Cash Collateral pursuant to this Section 2.15(c) following (i) the elimination of the
applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (ii) the determination
by the Administrative Agent and the L/C Issuer that there exists excess Cash Collateral; provided that, subject to Section 2.14,
the Person providing Cash Collateral and the L/C Issuer may agree that Cash Collateral shall be held to support future anticipated Fronting
Exposure or other obligation.

 

Section 2.16            Extension
of the Stated Revolving Credit Termination Date. Borrower may, by notice to Administrative Agent
(which shall promptly deliver a copy to each of the Lenders) given not more than one hundred twenty (120) days and not less than sixty
(60) days prior to the Stated Revolving Credit Termination Date, request that Lenders extend the Stated Revolving Credit Termination Date
for one additional one-year period. If (w) Borrower timely delivers such notice to Administrative Agent, (x) no Default or Event
of Default has occurred and is continuing, (y) all representations and warranties contained in Section 6 are true and correct
in all material respects (except in the case of a representation or warranty qualified by materiality or material adverse effect, in which
case such representation or warranty shall be true and correct in all respects) on the date the notice is delivered and on the Stated
Revolving Credit Termination Date except for representations and warranties that relate to a prior date, which shall have been true and
correct in all material respects (except in the case of a representation or warranty qualified by materiality or material adverse effect
in which case such representation or warranty shall be true and correct in all respects) as of the applicable date on which they were
made, and (z) the Administrative Agent receives for the benefit of the Lenders (to be allocated pro rata based on each Lender’s
Revolving Credit Commitments of the date of the Stated Revolving Credit Terminated Date extension) the Extension Fee, then the Stated
Revolving Credit Termination Date shall be extended to the first anniversary of the Stated Revolving Credit Termination Date. Should the
Stated Revolving Credit Termination Date be extended in accordance with the terms and conditions of the preceding sentence, the terms
and conditions of this Agreement will apply during any such extension period. Notwithstanding anything herein to the contrary, this Section shall
supersede any provisions in Sections 12.7 and 12.11 to the contrary.

 

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Section 2.17          Sustainability-linked
Margin Adjustments. At any time following the Closing Date, but on or prior to the date which is December 31,
2024:

 

(a)
            The Borrower may supply the Administrative Agent with a written proposal in respect of the incorporation of margin adjustments and
applicable conditions, with no fewer than two key performance indicators and the corresponding sustainability performance targets
that will constitute the reference for sustainability linked adjustments to the Applicable Margin, defined with the assistance of
the Sustainability Agent in accordance with the most updated version of the Sustainability Linked Loan Principles (SLLP) published
by the Loan Syndications and Trading Association (LSTA) available at the time. The performance on these sustainability key
performance indicators vis-à-vis the sustainability performance targets should be verified by the Borrower’s auditor or
a sustainability auditor (the “Sustainability Proposal”).

 

(b)           The
Administrative Agent shall notify and provide a copy of the Sustainability Proposal to the Lenders, which the Lenders shall consider
in good faith. By no later than the date falling one month after the delivery of the Sustainability Proposal, the Administrative Agent
(on behalf of the Lenders) shall carry out consultations and communicate its response on the Sustainability Proposal to the Borrower.

 

(c)            If
all Lenders agree to the Sustainability Proposal, the Administrative Agent and the Borrower shall enter into an amendment to this Agreement
to implement such Sustainability Proposal without any further action or requirement from any Lender and the Administrative Agent is hereby
authorized to execute any such amendment on behalf of the Lenders.

 

(d)            If
no agreement can be reached between the Borrower and the Administrative Agent (acting on the instructions of all the Lenders) within such
time period, no such sustainability-linked margin adjustments shall apply.

 

(e)             The
maximum adjustment to the Applicable Margin on the basis of a Sustainability Proposal shall not exceed 0.01% per annum.

 

(f)              Prior
to the Sustainability Proposal being agreed between the Borrower and the Administrative Agent (acting on behalf of the Lenders), the Borrower
shall not include any reference to the Agreement being classified as a sustainability-linked loan in any publicly available information.

 

Section 3.            Fees.

 

Section 3.1.            Fees.
(a) Revolving Credit Facility Fee. The Borrower shall pay to the Administrative Agent for the ratable account of the Lenders
in accordance with their Revolver Percentages a facility fee (the “Facility Fee”) at the rate per annum equal to the
Applicable Margin (computed on the basis of a year of 360 days and the actual number of days elapsed) equal to the average daily aggregate
amount of the Revolving Credit Commitment, whether or not in use. Such Facility Fee shall be payable quarterly in arrears on the last
day of each March, June, September, and December in each year (commencing on the first such date occurring after the Closing Date)
and on the Revolving Credit Termination Date, unless the Revolving Credit Commitments are terminated in whole on an earlier date, in which
event the Facility Fee for the period to the date of such termination in whole shall be paid on the date of such termination.

 

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(b)            Letter
of Credit Fees. On the date of issuance or extension, or increase in the amount, of any Letter of Credit pursuant to Section 2.2,
the Borrower shall pay to the L/C Issuer for its own account a fronting fee equal to 0.125% of the face amount of (or of the increase
in the face amount of) such Letter of Credit. Quarterly in arrears, on the last day of each March, June, September, and December, commencing
on the first such date occurring after the Closing Date, the Borrower shall pay to the Administrative Agent, for the ratable benefit of
the Lenders in accordance with their Revolver Percentages, a letter of credit fee (the “L/C Participation Fee”) at
a rate per annum equal to the Applicable Margin (computed on the basis of a year of 360 days and the actual number of days elapsed) in
effect during each day of such quarter applied to the daily average face amount of Letters of Credit outstanding during such quarter.
In addition, the Borrower shall pay to the L/C Issuer for its own account the L/C Issuer’s standard issuance, drawing, negotiation,
amendment, assignment, cancellation, transfer and other administrative fees for each Letter of Credit as established by the L/C Issuer
from time to time.

 

(c)            Administrative
Agent Fees. The Borrower shall pay to the Administrative Agent, for its own use and benefit, the fees agreed to between the Administrative
Agent and the Borrower in a fee letter dated October 27, 2021, or as otherwise agreed to in writing between them.

 

Section 4.            Place
and Application of Payments.

 

Section 4.1.            Place
and Application of Payments.
All payments of principal of and interest on the Loans and the Reimbursement Obligations, and of all other Obligations payable by the
Borrower under this Agreement and the other Loan Documents, shall be made by the Borrower to the Administrative Agent by no later than
12:00 Noon (Chicago time) on the due date thereof at the office of the Administrative Agent in Chicago, Illinois (or such other location
in the United States as the Administrative Agent may designate in writing to the Borrower) for the benefit of the Lender(s) or the
L/C Issuer entitled thereto. Any payments received after such time shall be deemed to have been received by the Administrative Agent on
the next Business Day. All such payments shall be made in U.S. Dollars, in immediately available funds at the place of payment, in each
case without set-off or counterclaim. The Administrative Agent will promptly thereafter cause to be distributed like funds relating to
the payment of principal or interest on Loans and on Reimbursement Obligations in which the Lenders have purchased Participating Interests
ratably to the Lenders and like funds relating to the payment of any other amount payable to any Lender to such Lender, in each case to
be applied in accordance with the terms of this Agreement. If the Administrative Agent causes amounts to be distributed to the Lenders
in reliance upon the assumption that the Borrower will make a scheduled payment and such scheduled payment is not so made, each Lender
shall, on demand, repay to the Administrative Agent the amount distributed to such Lender together with interest thereon in respect of
each day during the period commencing on the date such amount was distributed to such Lender and ending on (but excluding) the date such
Lender repays such amount to the Administrative Agent, at a rate per annum equal to: (i) from the date the distribution was made
to the date two (2) Business Days after payment by such Lender is due hereunder, the Federal Funds Rate for each such day and (ii) from
the date two (2) Business Days after the date such payment is due from such Lender to the date such payment is made by such Lender,
the Base Rate in effect for each such day. With respect to any payment that Administrative Agent makes to any Lender, L/C Issuer or other
 “Secured Party as to which Administrative Agent determines (in its sole and absolute discretion) that any of the following applies
(such payment referred to as the “Rescindable Amount”): (1) the Borrower has not in fact made the corresponding
payment to the Administrative Agent; (2) the Administrative Agent has made a payment in excess of the amount(s) received by
it from the Borrower either individually or in the aggregate (whether or not then owed); or (3) the Administrative Agent has for
any reason otherwise erroneously made such payment; then each of the Secured Parties severally agrees to repay to the Administrative Agent
forthwith on demand the Rescindable Amount so distributed to such Secured Party, in immediately available funds with interest thereon,
for each day from and including the date such amount is distributed to it to but excluding the date of payment to Administrative Agent,
at the greater of the Federal Funds Rate and a rate determined by Administrative Agent in
accordance with banking industry rules on interbank compensation.

 

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Anything contained herein
to the contrary notwithstanding (including, without limitation, Section 2.7(b)), all payments and collections received in respect
of the Obligations by the Administrative Agent or any of the Lenders after acceleration or the final maturity of the Obligations or termination
of the Revolving Credit Commitments as a result of an Event of Default shall be remitted to the Administrative Agent and distributed as
follows:

 

(a)            first,
to the payment of any outstanding costs and expenses incurred by the Administrative Agent in protecting, preserving or enforcing rights
under the Loan Documents, and in any event including all costs and expenses of a character which the Borrower has agreed to pay the Administrative
Agent under Section 12.13 (such funds to be retained by the Administrative Agent for its own account unless it has previously been
reimbursed for such costs and expenses by the Lenders, in which event such amounts shall be remitted to the Lenders to reimburse them
for payments theretofore made to the Administrative Agent);

 

(b)            second,
to the payment of any outstanding interest and fees due under the Loan Documents to be allocated pro rata in accordance with the aggregate
unpaid amounts owing to each holder thereof;

 

(c)            third,
to the payment of principal on the Loans, unpaid Reimbursement Obligations, together with amounts to be held by the Administrative Agent
as collateral security for any outstanding L/C Obligations pursuant to Section 9.4 hereof (until the Administrative Agent is holding
an amount of cash equal to the then outstanding amount of all such L/C Obligations), and Hedging Liability, the aggregate amount paid
to, or held as collateral security for, the Lenders and the L/C Issuer and, in the case of Hedging Liability, their Affiliates to be allocated
pro rata in accordance with the aggregate unpaid amounts owing to each holder thereof;

 

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(d)            fourth,
to the payment of all other unpaid Obligations and all other indebtedness, obligations, and liabilities of the Borrower and its Subsidiaries
evidenced by the Loan Documents (including, without limitation, Funds Transfer and Deposit Account Liability) to be allocated pro rata
in accordance with the aggregate unpaid amounts owing to each holder thereof; and

 

(e)            finally,
to the Borrower or whoever else may be lawfully entitled thereto.

 

Section 4.2.          Account
Debit. The Borrower hereby irrevocably authorizes the Administrative Agent to charge any of the
Borrower’s deposit accounts maintained with the Administrative Agent or any of its Affiliates for the amounts from time to time
necessary to pay any then due Obligations; provided that the Borrower acknowledges and agrees that the Administrative Agent shall
not be under an obligation to do so and the Administrative Agent shall not incur any liability to the Borrower or any other Person for
the Administrative Agent’s failure to do so.

 

Section 5.            Reserved.

 

Section 6.            Representations
and Warranties.

 

The Borrower represents and
warrants to the Administrative Agent, the Lenders, and the L/C Issuer as follows:

 

Section 6.1.            Organization
and Qualification. The Borrower is duly organized, validly existing, and in good standing as
a corporation under the laws of the State of Maryland, has full and adequate power to own its Property and conduct its business as now
conducted, and is duly licensed or qualified and in good standing in each jurisdiction in which the nature of the business conducted by
it or the nature of the Property owned or leased by it requires such licensing or qualifying.

 

Section 6.2.            Subsidiaries.
Each Subsidiary is duly organized, validly existing, and in good standing under the laws of the jurisdiction in which it is organized,
has full and adequate power to own its Property and conduct its business as now conducted, and is duly licensed or qualified and in good
standing in each jurisdiction in which the nature of the business conducted by it or the nature of the Property owned or leased by it
requires such licensing or qualifying. All of the outstanding shares of capital stock and other equity interests of each Subsidiary are
validly issued and outstanding and fully paid and nonassessable and all such shares and other equity interests owned by the Borrower or
another Subsidiary are owned, beneficially and of record, by the Borrower or such Subsidiary free and clear of all Liens. Neither the
Borrower nor any of its Subsidiaries has committed or is obligated to issue Stock Equivalents in any of the Borrower’s Subsidiaries
to any Person not owned by the Borrower or its Subsidiaries.

 

Section 6.3.            Authority
and Validity of Obligations. The Borrower has full right and authority to enter into this Agreement
and the other Loan Documents executed by it, to make the borrowings herein provided for, to issue its Notes in evidence thereof, and to
perform all of its obligations hereunder and under the other Loan Documents executed by it. The Loan Documents delivered by the Borrower
have been duly authorized, executed, and delivered by the Borrower and constitute valid and binding obligations of the Borrower enforceable
against it in accordance with their terms, except as enforceability may be limited by bankruptcy, insolvency, fraudulent conveyance or
similar laws affecting creditors’ rights generally and general principles of equity (regardless of whether the application of such
principles is considered in a proceeding in equity or at law); and this Agreement and the other Loan Documents do not, nor does the performance
or observance by the Borrower or any Unencumbered Asset Subsidiary of any of the matters and things herein or therein provided for, (a) contravene
or constitute a default under any provision of law or any judgment, injunction, order or decree binding upon the Borrower or any Unencumbered
Asset Subsidiary or any provision of the organizational documents (e.g., charter, certificate or articles of incorporation and
by-laws, certificate or articles of association and operating agreement, partnership agreement, or other similar organizational documents)
of the Borrower or any Unencumbered Asset Subsidiary, (b) contravene or constitute a default under any covenant, indenture or agreement
of or affecting the Borrower or any Unencumbered Asset Subsidiary or any of its Property, or (c) result in the creation or imposition
of any Lien on any Property of the Borrower or any Unencumbered Asset Subsidiary.

 

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Section 6.4.            Use
of Proceeds; Margin Stock. The Borrower shall use the proceeds of the Revolving Credit for refinancing
its existing indebtedness, for its general working capital purposes and for such other legal and proper purposes as are consistent with
all applicable laws. The Borrower is not engaged in the business of extending credit for the purpose of purchasing or carrying margin
stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of any
Loan or any other extension of credit made hereunder will be used to purchase or carry any such margin stock or to extend credit to others
for the purpose of purchasing or carrying any such margin stock. Margin stock (as hereinabove defined) constitutes less than 25% of the
assets of the Borrower which are subject to any limitation on sale, pledge or other restriction hereunder.

 

Section 6.5.            Financial
Reports. The consolidated balance sheet of the Borrower and its Subsidiaries as at December 31,
2020, and the related consolidated statements of income, retained earnings and cash flows of the Borrower and its Subsidiaries for the
Fiscal Year then ended, and accompanying notes thereto, which financial statements are accompanied by the audit report of Ernst &
Young, LLP, independent public accountants, and the unaudited interim consolidated balance sheet of the Borrower and its Subsidiaries
as at September 30, 2021, and the related consolidated statements of income, retained earnings and cash flows of the Borrower and
its Subsidiaries for the 3 months then ended, heretofore furnished to the Administrative Agent and the Lenders, fairly present the consolidated
financial condition of the Borrower and its Subsidiaries as at said dates and the consolidated results of their operations and cash flows
for the periods then ended in conformity with GAAP applied on a consistent basis. Neither the Borrower nor any Subsidiary has contingent
liabilities which are material to it other than as indicated on such financial statements or, with respect to future periods, on the financial
statements furnished pursuant to Section 8.5.

 

Section 6.6.            No
Material Adverse Change. Since December 31, 2020, there has been no event which could reasonably
be expected to have a Material Adverse Effect on the Borrower or its Subsidiaries, taken as a whole.

 

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Section 6.7.            Full
Disclosure. The statements and information furnished to the Administrative Agent and the Lenders
in connection with the negotiation of this Agreement and the other Loan Documents and the commitments by the Lenders to provide all or
part of the financing contemplated hereby do not contain any untrue statements of a material fact or omit a material fact necessary to
make the material statements contained herein or therein not misleading, the Administrative Agent and the Lenders acknowledging that as
to any projections furnished to the Administrative Agent and the Lenders, the Borrower only represents that the same were prepared in
good faith on the basis of information and estimates the Borrower believed to be reasonable at the time. As of the Closing Date, the information
included in the Beneficial Ownership Certification is true and correct in all respects.

 

Section 6.8.            Trademarks,
Franchises, and Licenses. The Borrower and its Subsidiaries own, possess, or have the right to
use all necessary patents, licenses, franchises, trademarks, trade names, trade styles, copyrights, trade secrets, know how, and confidential
commercial and proprietary information to conduct their businesses as now conducted, without known conflict with any patent, license,
franchise, trademark, trade name, trade style, copyright or other proprietary right of any other Person.

 

Section 6.9.            Governmental
Authority and Licensing. The Borrower and its Subsidiaries have received all licenses, permits,
and approvals of all Governmental Authorities, if any, necessary to conduct their businesses, in each case where the failure to obtain
or maintain the same could reasonably be expected to have a Material Adverse Effect. No investigation or proceeding which, if adversely
determined, could reasonably be expected to result in revocation or denial of any material license, permit or approval is pending or,
to the knowledge of the Borrower, threatened.

 

Section 6.10.            Good
Title. The Borrower and its Subsidiaries have good and defensible title (or valid leasehold interests)
to their assets as reflected on the most recent consolidated balance sheet of the Borrower and its Subsidiaries furnished to the Administrative
Agent and the Lenders (except for sales of assets permitted by Section 8.9), subject to no Liens other than such thereof as are permitted
by Section 8.8.

 

Section 6.11.            Litigation
and Other Controversies. There is no litigation or governmental or arbitration proceeding or
labor controversy pending, nor to the knowledge of the Borrower threatened, against the Borrower or any Subsidiary or any of their Property
which, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.

 

Section 6.12.            Taxes.
All Tax returns required to be filed by the Borrower or any Subsidiary in any jurisdiction have, in fact, been filed, and all Taxes upon
the Borrower or any Subsidiary or upon any of its Property, income or franchises, which are shown to be due and payable in such returns,
have been paid, except such Taxes, if any, as are being contested in good faith and by appropriate proceedings which prevent enforcement
of the matter under contest and as to which adequate reserves established in accordance with GAAP have been provided or where the failure
to so file or pay would not cause a Material Adverse Effect on the Borrower and its Subsidiaries taken as a whole. The Borrower does not
know of any proposed additional Tax assessment against it or its Subsidiaries for which adequate provisions in accordance with GAAP have
not been made on their accounts. Adequate provisions in accordance with GAAP for Taxes on the books of the Borrower and each Subsidiary
have been made for all open years, and for its current fiscal period.

 

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Section 6.13.            Approvals.
No authorization, consent, license or exemption from, or filing or registration with, any court or governmental department, agency or
instrumentality, nor any approval or consent of any other Person, is or will be necessary to the valid execution, delivery or performance
by the Borrower or any Subsidiary of any Loan Document, except for such approvals which have been obtained prior to the date of this Agreement
and remain in full force and effect.

 

Section 6.14.            Affiliate
Transactions. Neither the Borrower nor any Subsidiary is a party to any contracts or agreements
with any of its Affiliates (other than with Wholly-owned Subsidiaries) on terms and conditions which are less favorable to the Borrower
or such Subsidiary than would be usual and customary in similar contracts or agreements between Persons not affiliated with each other.

 

Section 6.15.            Investment
Company. Neither the Borrower nor any Subsidiary is an “investment company” or a
company “controlled” by an “investment company” within the meaning of the Investment Company Act of 1940, as amended.

 

Section 6.16.            ERISA.
During the 5-year period before each date as of which this representation is made or deemed made with respect to any Plan (or, with respect
to (f) and (h) below, as of the date on which such representation is made or deemed made), none of the following events or conditions,
either individually or in the aggregate, has occurred and could reasonably be expected to have a Material Adverse Effect: (a) a Reportable
Event; (b) an “accumulated funding deficiency” (within the meaning of Section 412 of the Code or Section 302
of ERISA); (c) noncompliance with the applicable provisions of ERISA or the Code; (d) termination of a Single Employer Plan;
(e) a Lien on the property of the Borrower or any Subsidiary in favor of the PBGC or a Plan; (f) a complete or partial withdrawal
from a Multiemployer Plan by the Borrower or any Commonly Controlled Entity; (g) a liability of the Borrower or a Commonly Controlled
Entity under ERISA if the Borrower or such Commonly Controlled Entity were to withdraw completely from all Multiemployer Plans as of the
annual valuation date most closely preceding the date on which this representation is made or deemed made; (h) the Reorganization
or Insolvency of any Multiemployer Plan; and (i) an event or condition with respect to which the Borrower or any Commonly Controlled
Entity could reasonably be expected to incur any liability in respect of a Former Plan. Neither the Borrower nor any Subsidiary maintains
or participates in any Defined Benefit Plan or Multiple Employer Plan.

 

Section 6.17.            Compliance
with Laws. (a) The Borrower and its Subsidiaries are in compliance with all Legal Requirements
applicable to or pertaining to their Property or business operations (including, without limitation, the Occupational Safety and Health
Act of 1970, the Americans with Disabilities Act of 1990, and laws and regulations establishing quality criteria and standards for air,
water, land and toxic or hazardous wastes and substances), where any such non-compliance, individually or in the aggregate, could reasonably
be expected to have a Material Adverse Effect.

 

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(b)            Without
limiting the representations and warranties set forth in Section 6.17(a) above, except for such matters, individually or in
the aggregate, which could not reasonably be expected to result in a Material Adverse Effect, the Borrower represents and warrants that
to the actual knowledge of each respectively that the Borrower and its Subsidiaries, and each of the Properties owned by them: (i) comply
in all material respects with all applicable Environmental Laws; (ii) the tenants of the Borrower and its Subsidiaries have obtained
all governmental approvals required for the operation of the Properties under any applicable Environmental Law; (iii) the Borrower
and its Subsidiaries have no actual knowledge of any other Person who has, caused any Release, threatened Release or disposal of any Hazardous
Material at, on, about, or off any of the Properties in any material quantity and, to the actual the knowledge of the Borrower, none of
the Properties are adversely affected by any Release, threatened Release or disposal of a Hazardous Material originating or emanating
from any other property; (iv) none of the Properties contain or have contained any: (1) underground storage tanks in which any
Hazardous Material is being or has been treated, stored or disposed of on any Property owned by the Borrower or any Subsidiary, in each
case in any manner not in compliance in all material respects with all applicable Environmental Laws, (2) material amounts of asbestos
containing building material, (3) landfills or dumps, (4) hazardous waste management facility as defined pursuant to any Environmental
Law, or (5) site on or nominated for the National Priority List promulgated pursuant to CERCLA or any state remedial priority list
promulgated or published pursuant to any comparable state law; (v) the Borrower and its Subsidiaries have not used a material quantity
of any Hazardous Material and have conducted no Hazardous Material Activity at any of the Properties; (vi) the Borrower and its Subsidiaries
have no material liability for response or corrective action, natural resource damage or other harm pursuant to CERCLA, RCRA or any comparable
state law; (vii) the Borrower and its Subsidiaries are not subject to, have no notice or actual knowledge of and are not required
to give any notice of any Environmental Claim involving the Borrower or any Subsidiary or any of their Properties, and there are no conditions
or occurrences at any of their Properties which could reasonably be anticipated to form the basis for an Environmental Claim against the
Borrower or any Subsidiary or such Property; (viii) none of the Properties are subject to any, and the Borrower has no actual knowledge
of any imminent restriction on the ownership, occupancy, use or transferability of their Properties in connection with any (1) Environmental
Law or (2) Release, threatened Release or disposal of a Hazardous Material; and (ix) there are no conditions or circumstances
at any of their Properties which pose an unreasonable risk to the environment or the health or safety of Persons.

 

(c)            The
Borrower and each of its Subsidiaries is in material compliance with all Anti-Corruption Laws. The Borrower and each of its Subsidiaries
has implemented and maintains in effect policies and procedures designed to ensure compliance by the Borrower, its Subsidiaries and their
respective directors, officers, employees and agents with Anti-Corruption Laws. Neither the Borrower nor any Subsidiary has made a payment,
offering, or promise to pay, or authorized the payment of, money or anything of value (a) in order to assist in obtaining or retaining
business for or with, or directing business to, any foreign official, foreign political party, party official or candidate for foreign
political office, (b) to a foreign official, foreign political party or party official or any candidate for foreign political office,
and (c) with the intent to induce the recipient to misuse his or her official position to direct business wrongfully to the Borrower
or such Subsidiary or to any other Person, in violation of any Anti-Corruption Laws.

 

Section 6.18.            Other
Agreements. Neither the Borrower nor any Subsidiary is in default under the terms of any covenant,
indenture or agreement of or affecting such Person or any of its Property, which default if uncured could reasonably be expected to have
a Material Adverse Effect.

 

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Section 6.19.            OFAC.
(a) The Borrower is in compliance with the requirements of all OFAC Sanctions Programs applicable to it, (b) each Subsidiary
of the Borrower is in compliance with the requirements of all OFAC Sanctions Programs applicable to such Subsidiary, (c) the Borrower
has provided to the Administrative Agent, the L/C Issuer, and the Lenders all information regarding the Borrower and its Affiliates and
Subsidiaries necessary for the Administrative Agent, the L/C Issuer, and the Lenders to comply with all applicable OFAC Sanctions Programs,
and (d) neither the Borrower nor any of its Subsidiaries nor, to the knowledge of the Borrower or any Subsidiary, any officer, director
or Affiliate of the Borrower or any of its Subsidiaries, is a Person, that is, or is owned or controlled by Persons that are, (i) the
target of any OFAC Sanctions Programs or (ii) located, organized or resident in a country or territory that is, or whose government
is, the subject of any OFAC Sanctions Programs.

 

Section 6.20.            No
Default. No Default or Event of Default has occurred and is continuing.

 

Section 6.21.            Solvency.
The Borrower and its Subsidiaries are solvent, able to pay their debts as they become due, and have sufficient capital to carry on their
business as currently conducted.

 

Section 6.22.            No
Broker Fees. No broker’s or finder’s fee or commission will be payable with respect
hereto or any of the transactions contemplated hereby.

 

Section 6.23.            Stock
of the Borrower. As of the Closing Date, the entire authorized capital stock of the Borrower consists
of Common Stock, 39,374,044 shares; all of which are duly and validly issued and outstanding, fully paid and nonassessable as of the
Closing Date. The issuance and sale of such Stock of the Borrower of the Borrower either (i) has been registered under applicable
federal and state securities laws or (ii) was issued pursuant to an exemption therefrom. The Borrower meets the requirements for
taxation as a REIT under the Code.

 

Section 6.24.           Condition
of Property; Casualties; Condemnation. As of the Closing Date, to the actual knowledge of the Borrower
or its Unencumbered Asset Subsidiaries, each Property owned by them, in all material respects (a) is in good repair, working order
and condition, normal wear and tear excepted, (b) is free of structural defects, (c) is not subject to material deferred maintenance
and (d) has and will have all building systems contained therein in good repair, working order and condition, normal wear and tear
excepted. To the actual knowledge of the Borrower or of any of its Unencumbered Asset Subsidiaries, none of the Properties owned by them
is currently materially and adversely affected as a result of any fire, explosion, earthquake, flood, drought, windstorm, accident, strike
or other labor disturbance, embargo, requisition or taking of property or cancellation of contracts, permits or concessions by a Governmental
Authority, riot, activities of armed forces or acts of God or of any public enemy. No condemnation or other like proceedings that has
had, or could reasonably be expected to result in, a Material Adverse Effect, are pending and served nor, to the actual knowledge of
the Borrower, threatened against any Property owned by it in any manner whatsoever. No casualty has occurred to any such Property that
could reasonably be expected to have a Material Adverse Effect.

 

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Section 6.25.            Legal
Requirements and Zoning. To the actual knowledge of the Borrower and its Subsidiaries, the use
and operation of each Property owned by the Borrower and its Subsidiaries constitutes a legal use under applicable zoning regulations
(as the same may be modified by special use permits or the granting of variances) and complies in all material respects with all Legal
Requirements, and does not violate in any material respect any material approvals, material restrictions of record or any material agreement
affecting any such Property (or any portion thereof).

 

Section 7.            Conditions
Precedent.

 

Section 7.1.           All
Credit Events. At the time of each Credit Event hereunder:

 

(a)            each
of the representations and warranties set forth herein and in the other Loan Documents shall be and remain true and correct in all material
respects (except in the case of a representation or warranty qualified by materiality, in which case such representation or warranty shall
be true and correct in all respects) as of said time, except to the extent the same expressly relate to an earlier date (in which case
the same shall be true and correct as of such earlier date);

 

(b)            the
Borrower shall be in compliance with all of the terms and conditions hereof and of the other Loan Documents, and no Default or Event of
Default shall have occurred and be continuing or would occur as a result of such Credit Event;

 

(c)            in
the case of a Borrowing the Administrative Agent shall have received the notice required by Section 2.5, in the case of the issuance
of any Letter of Credit the L/C Issuer shall have received a duly completed Application for such Letter of Credit together with any fees
called for by Section 3.1, and, in the case of an extension or increase in the amount of a Letter of Credit, a written request therefor
in a form acceptable to the L/C Issuer together with fees called for by Section 3.1; and

 

(d)            such
Credit Event shall not violate any order, judgment or decree of any court or other authority or any provision of law or regulation applicable
to the Administrative Agent, the L/C Issuer, or any Lender (including, without limitation, Regulation U of the Board of Governors of the
Federal Reserve System) as then in effect.

 

Each request for a Borrowing
hereunder and each request for the issuance of, increase in the amount of, or extension of the expiration date of, a Letter of Credit
shall be deemed to be a representation and warranty by the Borrower on the date of such Credit Event as to the facts specified in subsections
(a) through (c), both inclusive, of this Section; provided, however, that the Lenders may continue to make advances under
the Revolving Credit, in the sole discretion of the Lenders with Revolving Credit Commitments, notwithstanding the failure of the Borrower
to satisfy one or more of the conditions set forth above and any such advances so made shall not be deemed a waiver of any Default or
Event of Default or other condition set forth above that may then exist.

 

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Section 7.2.           Initial
Credit Event. Before or concurrently with the initial Credit Event:

 

(a)            the
Administrative Agent shall have received this Agreement duly executed by the Borrower and the Lenders;

 

(b)            if
requested by any Lender, the Administrative Agent shall have received for such Lender such Lender’s duly executed Notes of the Borrower
dated the date hereof and otherwise in compliance with the provisions of Section 2.9;

 

(c)            the
Administrative Agent shall have received evidence of insurance required to be maintained under the Loan Documents;

 

(d)            the
Administrative Agent shall have received copies of the Borrower’s articles of incorporation and bylaws (or comparable organizational
documents) and any amendments thereto, certified in each instance by its Secretary or Assistant Secretary;

 

(e)            the
Administrative Agent shall have received copies of resolutions of the Borrower’s Board of Directors authorizing the execution,
delivery and performance of this Agreement and the other Loan Documents to which it is a party and the consummation of the transactions
contemplated hereby and thereby, together with specimen signatures of the persons authorized to execute such documents on the Borrower’s
behalf, all certified in each instance by its Secretary or Assistant Secretary;

 

(f)             the
Administrative Agent shall have received copies of the certificates of good standing for the Borrower (dated no earlier than 30 days prior
to the date hereof) from the office of the secretary of the state of its incorporation or organization and of each state in which it is
qualified to do business as a foreign corporation or organization;

 

(g)            the
Administrative Agent shall have received a list of the Borrower’s Authorized Representatives;

 

(h)            the
Administrative Agent shall have received for itself and for the Lenders the initial fees called for by Section 3.1;

 

(i)            the
Administrative Agent shall have received UCC searches with respect to Borrower, as debtor, and UCC termination statements for any existing
UCC financing statements that are not Permitted Liens;

 

(j)            the
Administrative Agent shall have received the favorable written opinion of counsel to the Borrower, in form and substance reasonably satisfactory
to the Administrative Agent;

 

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(k)            each
of the Lenders shall have received, sufficiently in advance of the Closing Date, all documentation and other information requested by
any such Lender required by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and
regulations, including without limitation, the United States Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26,
2001)) including, without limitation, the information described in Section 12.23; and the Administrative Agent shall have received
a fully executed Internal Revenue Service Form W-9 (or its equivalent) for the Borrower and its Subsidiaries;

 

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

 

(m)            the
Administrative Agent shall have received such other agreements, instruments, documents, certificates, and opinions as the Administrative
Agent may reasonably request.

 

Section 8.            Covenants.

 

The Borrower agrees that,
so long as any credit is available to or in use by the Borrower hereunder, except to the extent compliance in any case or cases is waived
in writing pursuant to the terms of Section 12.11:

 

Section 8.1.            Maintenance
of Business. (i) The Borrower shall, and shall cause each Unencumbered Asset Subsidiary
to, preserve and maintain its existence, except as otherwise provided in Section 8.9. The Borrower shall, and shall cause each Unencumbered
Asset Subsidiary to, preserve and keep in force and effect all licenses, permits, franchises, approvals, patents, trademarks, trade names,
trade styles, copyrights, and other proprietary rights necessary to the proper conduct of its business.

 

(ii)            (a) The
Common Stock of the Borrower shall at all times be duly listed on the New York Stock Exchange, Inc., the American Stock Exchange
or the National Association of Securities Dealers Automated Quotation and (b) the Borrower shall timely file all reports required
to be filed by it with the New York Stock Exchange, Inc., the American Stock Exchange or the National Association of Securities Dealers
Automated Quotation and the Securities and Exchange Commission.

 

Section 8.2.            Maintenance
of Properties. The Borrower and each Unencumbered Asset Subsidiary shall cause each of its tenants
to, maintain, preserve, and keep all of the Borrower’s and each Unencumbered Asset Subsidiaries’ Property in working order
and condition (ordinary wear and tear excepted) and to maintain the value of such Property in all material respects, except to the extent
that, in the reasonable business judgment of such Person, any such Property is no longer necessary for the proper conduct of the business
of such Person.

 

Section 8.3.            Taxes
and Assessments. The Borrower and each Unencumbered Asset Subsidiary shall, and shall cause its
tenants to, duly pay and discharge, all Taxes upon or against the Borrower, Unencumbered Asset Subsidiary or tenant or the Borrower’s
or Unencumbered Asset Subsidiaries’ Property, to the extent that individually or collectively would materially impair the value
of such Property, and in each case before the same become delinquent and before penalties accrue thereon, unless and to the extent that
the same are being contested in good faith and by appropriate proceedings which prevent enforcement of the matter under contest and adequate
reserves are provided therefor.

 

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Section 8.4.            Insurance.
The Borrower and each Unencumbered Asset Subsidiary shall maintain, or cause its tenants to maintain, insurance with responsible and reputable
insurance companies or associations in such amounts and covering such risks as is usually carried by Persons similarly situated and operating
like Properties. The Borrower shall, upon the request of the Administrative Agent, furnish to the Administrative Agent and the Lenders
certificates of insurance setting forth in summary form the nature and extent of the insurance maintained on the Properties.

 

Section 8.5.            Financial
Reports. The Borrower shall, and shall cause each consolidated Subsidiary to, maintain a standard
system of accounting in accordance with GAAP and shall furnish to the Administrative Agent, each Lender, the L/C Issuer and each of their
duly authorized representatives such information respecting the business and financial condition of the Borrower and each consolidated
Subsidiary as the Administrative Agent or such Lender may reasonably request; and without any request, shall furnish to the Administrative
Agent, the Lenders and the L/C Issuer the following:

 

(a)            as
soon as available, and in any event within 45 days after the close of each of the first three (3) Fiscal Quarters of each Fiscal
Year of the Borrower a copy of the consolidated balance sheet of the Borrower and its consolidated Subsidiaries as of the last day of
such Fiscal Quarter and the consolidated statements of income, and cash flows of the Borrower and its consolidated Subsidiaries for the
Fiscal Quarter and for the fiscal year-to-date period then ended, each in reasonable detail showing in comparative form the figures for
the corresponding date and period in the previous Fiscal Year, prepared by the Borrower in accordance with GAAP and certified to by its
chief financial officer or another officer of the Borrower acceptable to the Administrative Agent (the delivery of the Borrower’s
Form 10-Q shall satisfy this requirement);

 

(b)            as
soon as available, and in any event within 90 days after the close of each Fiscal Year of the Borrower, a copy of the consolidated balance
sheet of the Borrower and its consolidated Subsidiaries as of the last day of the Fiscal Year then ended and the consolidated statements
of income, retained earnings, and cash flows of the Borrower and its consolidated Subsidiaries for the Fiscal Year then ended, and accompanying
notes thereto, each in reasonable detail showing in comparative form the figures for the previous Fiscal Year, accompanied in the case
of the consolidated financial statements by an unqualified opinion of Ernst & Young, LLP or another firm of independent public
accountants of recognized national standing, selected by the Borrower and reasonably satisfactory to the Administrative Agent and the
Required Lenders, to the effect that the consolidated financial statements have been prepared in accordance with GAAP and present fairly
in accordance with GAAP the consolidated financial condition of the Borrower and its consolidated Subsidiaries as of the close of such
Fiscal Year and the results of their operations and cash flows for the Fiscal Year then ended and that an examination of such accounts
in connection with such financial statements has been made in accordance with generally accepted auditing standards and, accordingly,
such examination included such tests of the accounting records and such other auditing procedures as were considered necessary in the
circumstances (the delivery of the Borrower’s Form 10-K shall satisfy this requirement);

 

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(c)            with
each of the financial statements furnished to the Lenders pursuant to subsections (a) and (b) hereof, a written certificate
(a “Compliance Certificate”) in the form attached hereto as Exhibit E signed by the chief financial officer of
the Borrower or another officer of the Borrower acceptable to the Administrative Agent to the effect that to the best of such officer’s
knowledge and belief no Default or Event of Default has occurred during the period covered by such statements or, if any such Default
or Event of Default has occurred during such period, setting forth a description of such Default or Event of Default and specifying the
action, if any, taken by the Borrower or any Subsidiary to remedy the same. Such certificate shall also set forth the calculations supporting
such statements in respect of Section 8.19;

 

(d)            promptly
after receipt thereof, any additional written reports, management letters or other detailed information contained in writing concerning
significant aspects of the Borrower’s or any consolidated Subsidiary’s operations and financial affairs given to it by its
independent public accountants;

 

(e)            promptly
after the sending or filing thereof, copies of each financial statement, report, notice or proxy statement sent by the Borrower or any
Subsidiary to its stockholders or other equity holders, and copies of each regular, periodic or special report, registration statement
or prospectus (including all Form 10-K, Form 10-Q and Form 8-K reports) filed by the Borrower or any Subsidiary with any
securities exchange or the Securities and Exchange Commission or any successor agency;

 

(f)            as
soon as available, and in any event within 90 days after the end of each Fiscal Year of the Borrower, a copy of the Borrower’s consolidated
projections for the then current Fiscal Year of revenues, expenses and balance sheet on a quarter-by-quarter basis, with such projections
in reasonable detail prepared by the Borrower and in form satisfactory to the Administrative Agent (which shall include a summary of all
significant assumptions made in preparing such business plan);

 

(g)            notice
of any Change of Control of the Borrower;

 

(h)            promptly
after knowledge thereof shall have come to the attention of any responsible officer of the Borrower, written notice of (i) any threatened
or pending litigation or governmental or arbitration proceeding or labor controversy against the Borrower or any Subsidiary or any of
their Property which could reasonably be expected to have a Material Adverse Effect or (ii) the occurrence of any Default or Event
of Default hereunder;

 

(i)            as
soon as available, and in any event within 90 days after the close of each Fiscal Year of the Borrower, a list that identifies each Subsidiary
as of the date thereof, whether such Subsidiary is an Unencumbered Asset Subsidiary, the jurisdiction of its organization, the percentage
of issued and outstanding shares of each class of its capital stock or other equity interests owned by the Borrower and the other Subsidiaries
and, if such percentage is not 100% (excluding directors’ qualifying shares as required by law), a description of each class of
its authorized capital stock and other equity interests and the number of shares of each class issued and outstanding;

 

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(j)            promptly
and in any event within 5 Business Days after knowledge thereof, a written notice of any change of the Borrower’s Credit Rating
from any Rating Agency;

 

(k)            any
change in the information provided in the Beneficial Ownership Certification that would result in a change to the list of beneficial owners
identified in parts (c) or (d) of such certification; and

 

(l)            if
any investment or acquisition together with any other investments or acquisitions made during any Fiscal Quarter have an aggregate cost
exceeding 20% of the Total Asset Value of the Borrower and its Subsidiaries as of the last day of the most recently ended Fiscal Quarter
for which financial statements have been delivered pursuant to this Section 8.5, then for such investment or acquisition, a Compliance
Certificate showing Borrower’s pro forma compliance with the covenants contained in Section 8.19 after giving effect
to the proposed investment or acquisition, including giving effect in terms of additional asset value, liabilities incurred, if any, additional
revenues and expenses associated therewith which have been contemplated and have been projected into the expected operating results and
financial position of the Borrower for the Fiscal Quarter in which the investment or acquisition occurs.

 

Unless otherwise expressly requested by a Lender,
documents required to be delivered pursuant to this Section 8.5 may be delivered via electronic communication to any Lender.

 

Section 8.6.            Inspection.
The Borrower shall, and shall cause each consolidated Subsidiary to, permit the Administrative Agent, each Lender, the L/C Issuer and
each of their duly authorized representatives and agents to visit and inspect any of its Property, corporate books, and financial records,
to examine and make copies of its books of accounts and other financial records, and to discuss its affairs, finances, and accounts with,
and to be advised as to the same by, its officers, employees and independent public accountants (and by this provision the Borrower hereby
authorizes such accountants to discuss with the Administrative Agent, such Lenders and the L/C Issuer the finances and affairs of the
Borrower and its consolidated Subsidiaries) at such reasonable times and intervals as the Administrative Agent or any such Lender or the
L/C Issuer may designate and, so long as no Default or Event of Default exists, with reasonable prior notice to the Borrower.

 

Section 8.7.            Office
of Foreign Asset Control. Neither Borrower nor any Subsidiary is (or will be) a Person with whom a Lender is restricted from doing
business under regulations of OFAC (including, those Persons named on OFAC’s Specially Designated and Blocked Persons list) or under
any statute, executive order (including, the September 24, 2001 Executive Order Blocking Property and Prohibiting Transactions With
Persons Who Commit, Threaten to Commit, or Support Terrorism), or other governmental action and is not and shall not engage in any dealings
or transactions or otherwise be associated with such Persons. In addition, Borrower hereby agrees to provide to any Lender with any additional
information that the Lender deems necessary from time to time in order to ensure compliance with all applicable laws concerning money
laundering and similar activities.

 

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Section 8.8.            Liens.
The Borrower shall not, nor shall it permit any Subsidiary to, create, incur or permit to exist any Lien of any kind on any Property owned
by any such Person; provided, however, that the foregoing shall not apply to nor operate to prevent any Permitted Liens.

 

Section 8.9.            Mergers,
Consolidations, Divisions and Sales. The Borrower will not merge, divide or consolidate with
or into, or convey, transfer or otherwise dispose of (whether in one transaction or a series of transactions) any of its Property (whether
now owned or hereafter acquired) to, or acquire all or substantially all of the assets of, any Person, or permit any Subsidiary to do
so; provided, however, that the Borrower may merge or consolidate with another Person, including a Subsidiary, if (A) the
Borrower is the surviving corporation, (B) the Borrower will be in pro forma compliance with all provisions of this Agreement
upon and after such merger or consolidation and (C) the Borrower will not engage in any material line of business substantially different
from that engaged in on the Closing Date and; provided, further, that so long as no Default or Event of Default exists this Section shall
not apply to nor operate to prevent:

 

(a)            the
sale, transfer or other disposition of Property of the Borrower and its Subsidiaries to one another in the ordinary course of its business;

 

(b)            sales
of shares of capital stock or other equity interests by Borrower or, to the extent permitted by Section 8.10, its Subsidiaries;

 

(c)            the
sale, transfer or other disposition of any tangible personal property that, in the reasonable business judgment of the Borrower or its
Subsidiary, has become obsolete or worn out, and which is disposed of in the ordinary course of business; and

 

(d)            the
sale, transfer or other disposition of Property of the Borrower or any Subsidiary (including any disposition of Property as part of a
sale and leaseback transaction); provided however, that if the Gross Book Value of such sale, transfer or disposition during any
Fiscal Quarter exceeds $10,000,000 and together with any other sales, transfers or dispositions made during such Fiscal Quarter in the
aggregate exceed $100,000,000, then for such sales, transfers or dispositions, the Borrower shall provide to the Administrative Agent
a Compliance Certificate with covenant calculations for the covenants contained in Section 8.19 showing that after giving effect
to such sales, transfers or dispositions the Borrower shall be in pro forma compliance with such covenants for the Fiscal Quarter
in which the sale, transfer or disposition occurs.

 

Section 8.10.            Maintenance
of Unencumbered Asset Subsidiaries. The Borrower shall not assign, sell or transfer, nor shall
it permit any Unencumbered Asset Subsidiary to issue, assign, sell or transfer, any shares of capital stock or other equity interests
of such Unencumbered Asset Subsidiary; provided, however, that the foregoing shall not operate to prevent (a) Liens on the
capital stock or other equity interests of Unencumbered Asset Subsidiaries granted to the Administrative Agent, (b) the issuance,
sale, and transfer to any person of any shares of capital stock of a Subsidiary solely for the purpose of qualifying, and to the extent
legally necessary to qualify, such person as a director of such Unencumbered Asset Subsidiary, (c) any transaction permitted by Section 8.9,
and (d) an Unencumbered Asset Subsidiary from permitting any of its minority owners from assigning, selling or transferring its Equity
Interests in such Unencumbered Asset Subsidiary.

 

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Section 8.11.            ERISA.
The Borrower shall, and shall cause each Subsidiary to, promptly pay and discharge all obligations and liabilities arising under ERISA
of a character which if unpaid or unperformed could reasonably be expected to result in the imposition of a Lien against any of its Property.
The Borrower shall, and shall cause each Subsidiary to, promptly notify the Administrative Agent and each Lender of: (a) the occurrence
of any Reportable Event with respect to a Plan, (b) receipt of any notice from the PBGC of its intention to seek termination of any
Plan or appointment of a trustee therefor, (c) its intention to terminate or withdraw from any Plan, and (d) the occurrence
of any event with respect to any Plan which would result in the incurrence by the Borrower or any Subsidiary of any material liability,
fine or penalty, or any material increase in the contingent liability of the Borrower or any Subsidiary with respect to any post-retirement
Welfare Plan benefit.

 

Section 8.12.            Compliance
with Laws and Contractual Obligations. (a) The Borrower shall, and shall cause each Subsidiary
to, comply in all respects with (i) the Legal Requirements applicable to or pertaining to its Property or business operations and
(ii) all contractual obligations, except, in each case where any such non-compliance, individually or in the aggregate, could not
reasonably be expected to have a Material Adverse Effect or result in a Lien upon any of its Property.

 

(b)            Without
limiting the agreements set forth in Section 8.12(a) above, for each of its owned Properties, respectively, the Borrower shall,
and shall cause each Subsidiary to require that each tenant and subtenant, if any, of any of the Properties or any part thereof, at all
times, do the following to the extent the failure to do so, individually or in the aggregate, could reasonably be expected to have a Material
Adverse Effect: (i) comply in all material respects with all applicable Environmental Laws; (ii) obtain and maintain in full
force and effect all material governmental approvals required by any applicable Environmental Law for operations at each of the Properties;
(iii) cause to be cured any material violation by it or at any of the Properties of applicable Environmental Laws; (iv) not
allow the presence or operation at any of the Properties of any (1) landfill or dump or (2) hazardous waste management facility
or solid waste disposal facility as defined pursuant to applicable Environmental Law; (v) not manufacture, use, generate, transport,
treat, store, Release, dispose or handle any Hazardous Material at any of the Properties except in the ordinary course of its business
and in de minimis amounts; (vi) within ten (10) Business Days notify the Administrative Agent in writing of and provide
any reasonably requested documents upon learning of any of the following in connection with the Borrower or any Subsidiary or any of the
Properties: (1) any material Environmental Liability; (2) any material Environmental Claim; (3) any material violation
of an Environmental Law or material Release, threatened Release or disposal of a Hazardous Material; (4) any restriction on the ownership,
occupancy, use or transferability arising pursuant to any (x) Release, threatened Release or disposal of a Hazardous Material or
(y) Environmental Law; or (5) any environmental, natural resource, health or safety condition, which could reasonably be expected
to have a Material Adverse Effect; (vii) conduct at its expense any investigation, study, sampling, testing, abatement, cleanup,
removal, remediation or other response action necessary to remove, remediate, clean up or abate any material Release, threatened Release
or disposal of a Hazardous Material as required by any applicable Environmental Law, (viii) abide by and observe any restrictions
on the use of the Properties imposed by any Governmental Authority as set forth in a deed or other instrument affecting the Borrower’s
or any Subsidiary’s interest therein; (ix) promptly provide or otherwise make available to the Administrative Agent any reasonably
requested environmental record concerning the Properties which the Borrower or any Subsidiary possesses or can reasonably obtain; and
(x) perform, satisfy, and implement any operation or maintenance actions required by any Governmental Authority or Environmental
Law, or included in any no further action letter or covenant not to sue issued by any Governmental Authority under any Environmental Law.

 

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Section 8.13.            Burdensome
Contracts With Affiliates.  The Borrower shall not, nor shall it permit any Subsidiary to, enter
into any contract, agreement or business arrangement with any of its Affiliates (other than with Wholly-owned Subsidiaries) on terms and
conditions which are less favorable to the Borrower or such Subsidiary than would be usual and customary in similar contracts, agreements
or business arrangements between Persons not affiliated with each other.

 

Section 8.14.            No
Changes in Fiscal Year. The Fiscal Year of the Borrower and its consolidated Subsidiaries ends
on December 31st of each year; and the Borrower shall not, nor shall it permit any consolidated Subsidiary to, change its Fiscal
Year from its present basis.

 

Section 8.15.            Compliance
with OFAC Sanctions Programs and Anti-Corruption Laws.  (a) The Borrower shall at all times
comply with the requirements of all OFAC Sanctions Programs applicable to the Borrower and shall cause each of its Subsidiaries to comply
with the requirements of all OFAC Sanctions Programs applicable to such Subsidiary.

 

(b)            The
Borrower shall provide the Administrative Agent, the L/C Issuer, and the Lenders any information regarding the Borrower, its Affiliates,
and its Subsidiaries necessary for the Administrative Agent, the L/C Issuer, and the Lenders to comply with all applicable OFAC Sanctions
Programs; subject however, in the case of Affiliates, to the Borrower’s ability to provide information applicable to them.

 

(c)            If
the Borrower obtains actual knowledge or receives any written notice that the Borrower, any Affiliate, any Subsidiary or any officer,
director of the Borrower or any Subsidiary or that any Person that owns or controls any such Person is the target of any OFAC Sanctions
Programs or is located, organized or resident in a country or territory that is, or whose government is, the subject of any OFAC Sanctions
Programs (such occurrence, an “OFAC Event”), the Borrower shall promptly (i) give written notice to the Administrative
Agent, the L/C Issuer, and the Lenders of such OFAC Event, and (ii) comply with all applicable laws with respect to such OFAC Event
(regardless of whether the target Person is located within the jurisdiction of the United States of America), including the OFAC Sanctions
Programs, and the Borrower hereby authorizes and consents to the Administrative Agent, the L/C Issuer, and the Lenders taking any and
all steps the Administrative Agent, the L/C Issuer, or the Lenders deem necessary, in their sole but reasonable discretion, to avoid violation
of all applicable laws with respect to any such OFAC Event, including the requirements of the OFAC Sanctions Programs (including the freezing
and/or blocking of assets and reporting such action to OFAC).

 

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(d)            Neither
the Borrower or any Subsidiary will, directly or, to the Borrower’s or such Subsidiary’s knowledge, indirectly, use the proceeds
of the Facilities, or lend, contribute or otherwise make available such proceeds to any other Person, (i) to fund any activities
or business of or with any Person or in any country or territory, that, at the time of such funding, is, or whose government is, the subject
of any OFAC Sanctions Programs, or (ii) in any other manner that would result in a violation of OFAC Sanctions Programs or Anti-Corruption
Laws by any Person (including any Person participating in the Facilities, whether as underwriter, lender, advisor, investor, or otherwise).

 

(e)            The
Borrower will not, nor will it permit any Subsidiary to, violate any Anti-Corruption Law in any material respect.

 

(f)            The
Borrower will maintain in effect policies and procedures designed to ensure compliance by the Borrower, its Subsidiaries, and their respective
directors, officers, employees, and agents with applicable Anti-Corruption Laws.

 

Section 8.16.            Change
in the Nature of Business. The Borrower shall not, nor shall it permit any Subsidiary to, engage
in any business or activity if as a result the general nature of the business of the Borrower and its Subsidiaries would be changed in
any material respect from the general nature of the business engaged in by it as of the Closing Date. As of the Closing Date, the general
nature of the business of the Borrower and its Subsidiaries is primarily the business of the acquisition, financing and ownership of Senior
Housing Assets and other business activities incidental thereto.

 

Section 8.17.            Use
of Loan Proceeds. The Borrower shall use the credit extended under this Agreement solely for
the purposes set forth in, or otherwise permitted by, Section 6.4.

 

Section 8.18.            No
Restrictions. Except as provided herein, the Borrower shall not, nor shall it permit any Subsidiary
(except for bankruptcy remote subsidiaries established in connection with (i) any securitization or participation transaction or
with any Permitted Lien or (ii) any ownership of fee simple real estate Properties not exceeding $200,000,000 individually or in
the aggregate) to, directly or indirectly create or otherwise cause or suffer to exist or become effective any consensual encumbrance
or restriction of any kind on the ability of the Borrower or any Subsidiary to: (a) pay dividends or make any other distributions
on any Subsidiary’s capital stock or other equity interests owned by the Borrower or any other Subsidiary, (b) pay any indebtedness
owed to the Borrower or any other Subsidiary, (c) make loans or advances to the Borrower or any other Subsidiary, (d) transfer
any of its Property to the Borrower or any other Subsidiary, provided, however, that the foregoing does not apply to any limitation
on transfers of property that is subject to a Permitted Lien or (e)  guarantee the Obligations, Hedging Liability, and Funds Transfer
and Deposit Account Liability and/or grant Liens on its assets to the Administrative Agent as required by the Loan Documents.

 

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Section 8.19.            Financial
Covenants. (a) Maximum Total Indebtedness to Total Asset Value Ratio. As of the last
day of each Fiscal Quarter of the Borrower, the Borrower shall not permit the ratio of Total Indebtedness to Total Asset Value to be greater
than 0.60 to 1.00.

 

(b)            Maximum
Secured Debt to Total Asset Value Ratio. As of the last day of each Fiscal Quarter of the Borrower, the Borrower shall not permit
the ratio of Secured Debt to Total Asset Value to be greater than 0.35 to 1.00.

 

(c)            Maximum
Unsecured Debt to Unencumbered Asset Value. As of the last day of each Fiscal Quarter of the Borrower, the Borrower shall not permit
the ratio of Unsecured Debt to Unencumbered Asset Value to be greater than 0.60 to 1.00.

 

(d)            Minimum
EBITDA to Fixed Charges Ratio. As of the last day of each Rolling Period of the Borrower, the Borrower shall not permit the ratio
of EBITDA for such Rolling Period to Fixed Charges for such Rolling Period to be less than 1.50 to 1.00.

 

(e)            Maintenance
of Net Worth. The Borrower shall at all times maintain a Tangible Net Worth of not less than the sum of (a) $834,451,000
plus (b) 75% of the aggregate net proceeds received by the Borrower or any of its Subsidiaries after December 31, 2020
in connection with any offering of Stock or Stock Equivalents of the Borrower or the Subsidiaries that results in an increase of Tangible
Net Worth, to the extent such Stock or Stock Equivalents are included in stockholders’ equity on the Borrower’s consolidated
balance sheet (but excluding such offerings or issuances used to repay existing forms of Stock and Stock Equivalents).

 

Notwithstanding the foregoing,
the Borrower may elect upon delivering written notice to the Administrative Agent, concurrently with or prior to the delivery of a Compliance
Certificate for any Fiscal Quarter during which the Borrower shall have completed a Material Acquisition, and provided that no Default
or Event of Default has occurred and is continuing that for purposes of clause (a) and (c) above the Borrower may exceed a ratio
of 0.60 to 1.00, but shall in no event exceed a ratio of 0.65 to 1.00 for such Fiscal Quarter in which such Material Acquisition occurred
and the next succeeding Fiscal Quarter (the “Leverage Ratio Increase Period”); provided that (i) the Borrower
may not elect more than two Leverage Ratio Increase Periods during the term of this Agreement and (ii) any such Leverage Ratio Increase
Periods shall be non-consecutive.

 

Section 8.20.            Note
Agreement Notices. On or before the date 20 calendar days after the Closing Date, the Borrower
shall cause to be delivered to the Administrative Agent a certified copy of a notice to each Noteholder which, to the Administrative Agent’s
reasonable satisfaction, notifies each Noteholder of the provisions of the financial covenants and the definitions set forth in Sections
1.1 and 8.19.

 

Section 8.21.            Modification
of Material Contracts. Neither Borrower nor any Subsidiary shall enter into an amendment or modification of any contract or agreement
which could reasonably be expected to have a Material Adverse Effect.

 

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Section 8.22.            Limitations
on Guaranties of Indebtedness. Concurrent with any Person becoming a guarantor or other obligor under any Indebtedness for Borrowed
Money of the Borrower, the Borrower shall cause such Person to execute and deliver to the Administrative Agent, for the benefit of the
Lenders, a guaranty of the Obligations, Hedging Liability and Funds Transfer and Deposit Account Liability hereunder, together with such
other instruments, documents, certificates, and opinions reasonably required by the Administrative Agent in connection therewith, each
of the above being in form and substance customary and appropriate for financings of this type so that after giving effect thereto, the
Obligations, Hedging Liability and Funds Transfer and Deposit Account Liability hereunder rank at least pari passu in payment priority
with all other unsecured Indebtedness for Borrowed Money.

 

Section 9.            Events
of Default and Remedies.

 

Section 9.1.           Events
of Default. Any one or more of the following shall constitute an “Event of Default” hereunder:

 

(a)           default
in the payment when due of all or any part of the principal on any Loan (whether at the stated maturity thereof or at any other time provided
for in this Agreement) or of any Reimbursement Obligation payable hereunder or under any other Loan Document;

 

(b)             default
within three (3) Business Days of when due in the payment of all or any part of the interest on any Loan (whether at the stated
maturity thereof or at any other time provided for in this Agreement) or of any fee or other Obligation payable hereunder or under any
other Loan Document;

 

(c)            default
in the observance or performance of any covenant set forth in Sections 8.1, 8.8, 8.9, 8.10, 8.19, 8.20, 8.21 or 8.22;

 

(d)            default
in the observance or performance of any other provision hereof or of any other Loan Document which is not remedied within 30 days after
the earlier of (i) the date on which such failure shall first become known to any officer of the Borrower or (ii) written notice
thereof is given to the Borrower by the Administrative Agent;

 

(e)             any
representation or warranty made herein or in any other Loan Document or in any certificate furnished to the Administrative Agent or the
Lenders pursuant hereto or thereto or in connection with any transaction contemplated hereby or thereby proves untrue in any material
respect as of the date of the issuance or making or deemed making thereof;

 

(f)             any
event occurs or condition exists (other than those described in subsections (a) through (e) above) which is specified as an
event of default under any of the other Loan Documents, or any of the Loan Documents shall for any reason not be or shall cease to be
in full force and effect or is declared to be null and void;

 

(g)            default
shall occur under any Indebtedness for Borrowed Money issued, assumed or guaranteed by the Borrower or any Subsidiary aggregating in
excess of 3% of the Total Asset Value or under any indenture, agreement or other instrument under which the same may be issued, and such
default shall continue for a period of time sufficient to permit the acceleration of the maturity of any such Indebtedness for Borrowed
Money (whether or not such maturity is in fact accelerated); provided that if such default results solely from a payment not paid
when due, there shall be a five (5) day cure period so long as the maturity date with respect to the subject Indebtedness for Borrowed
Money has not been accelerated;

 

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(h)            any
judgment or judgments, writ or writs or warrant or warrants of attachment, or any similar process or processes, shall be entered or filed
against the Borrower or any Subsidiary, or against any of its Property, in an aggregate amount in excess of $25,000,000 (except to the
extent fully covered by insurance pursuant to which the insurer has accepted liability therefor in writing), and which remains undischarged,
unvacated, unbonded or unstayed for a period of 30 days;

 

(i)            the
Borrower or any Subsidiary, or any member of its Controlled Group, shall fail to pay when due an amount or amounts aggregating in excess
of $25,000,000 which it shall have become liable to pay to the PBGC or to a Plan under Title IV of ERISA; or notice of intent to terminate
a Plan or Plans having aggregate Unfunded Vested Liabilities in excess of $25,000,000 (collectively, a “Material Plan”)
shall be filed under Title IV of ERISA by the Borrower or any Subsidiary, or any other member of its Controlled Group, any plan administrator
or any combination of the foregoing; or the PBGC shall institute proceedings under Title IV of ERISA to terminate or to cause a trustee
to be appointed to administer any Material Plan or a proceeding shall be instituted by a fiduciary of any Material Plan against the Borrower
or any Subsidiary, or any member of its Controlled Group, to enforce Section 515 or 4219(c)(5) of ERISA and such proceeding
shall not have been dismissed within 30 days thereafter; or a condition shall exist by reason of which the PBGC would be entitled to obtain
a decree adjudicating that any Material Plan must be terminated;

 

(j)            any
Change of Control in respect of the Borrower shall occur;

 

(k)            the
Borrower or any Unencumbered Asset Subsidiary shall (i) have entered involuntarily against it an order for relief under the United
States Bankruptcy Code, as amended, (ii) not pay, or admit in writing its inability to pay, its debts generally as they become due,
(iii) make an assignment for the benefit of creditors, (iv) apply for, seek, consent to or acquiesce in, the appointment of
a receiver, custodian, trustee, examiner, liquidator or similar official for it or any substantial part of its Property, (v) institute
any proceeding seeking to have entered against it an order for relief under the United States Bankruptcy Code, as amended, to adjudicate
it insolvent, or seeking dissolution, winding up, liquidation, reorganization, arrangement, adjustment or composition of it or its debts
under any law relating to bankruptcy, insolvency or reorganization or relief of debtors or fail to file an answer or other pleading denying
the material allegations of any such proceeding filed against it, (vi) take any corporate action in furtherance of any matter described
in parts (i) through (v) above, or (vii) fail to contest in good faith any appointment or proceeding described in Section 9.1(l);

 

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(l)            a
custodian, receiver, trustee, examiner, liquidator or similar official shall be appointed for the Borrower or any Unencumbered Asset Subsidiary,
or any substantial part of any of its Property, or a proceeding described in Section 9.1(k)(v) shall be instituted against the
Borrower or any Unencumbered Asset Subsidiary, and such appointment continues undischarged or such proceeding continues undismissed or
unstayed for a period of 60 days;

 

(m)            there
shall be a determination from the applicable Governmental Authority from which no appeal can be taken that the Borrower’s tax status
as a REIT has been lost; or

 

(n)            the
Borrower at any time hereafter fails to cause the Common Stock of the Borrower to be duly listed on the New York Stock Exchange, Inc.,
the American Stock Exchange or the National Association of Securities Dealers Automated Quotation.

 

Section 9.2.            Non-Bankruptcy
Defaults. When any Event of Default other than those described in subsection (k) or (l) of Section 9.1 has occurred
and is continuing, the Administrative Agent shall, by written notice to the Borrower: (a) if so directed by the Required Lenders,
terminate the remaining Revolving Credit Commitments and all other obligations of the Lenders hereunder on the date stated in such notice
(which may be the date thereof); (b) if so directed by the Required Lenders declare the principal of and the accrued interest on
all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon,
shall be and become immediately due and payable together with all other amounts payable under the Loan Documents without further demand,
presentment, protest or notice of any kind; and (c) if so directed by the Required Lenders, demand that the Borrower deliver to the
Administrative Agent Cash Collateral in an amount equal to 103% of the aggregate amount of each Letter of Credit then outstanding, and
the Borrower agrees to immediately provide such Cash Collateral and acknowledges and agrees that the Lenders would not have an adequate
remedy at law for failure by the Borrower to honor any such demand and that the Administrative Agent, for the benefit of the Lenders,
shall have the right to require the Borrower to specifically perform such undertaking whether or not any drawings or other demands for
payment have been made under any Letter of Credit. The Administrative Agent, after giving notice to the Borrower pursuant to Section 9.1(d) or
this Section 9.2, shall also promptly send a copy of such notice to the other Lenders, but the failure to do so shall not impair
or annul the effect of such notice.

 

Section 9.3.            Bankruptcy
Defaults. (a)  When any Event of Default described in subsections (k) or (l) of
Section 9.1 with respect to the Borrower has occurred and is continuing, then all outstanding Loans shall immediately become due
and payable together with all other amounts payable under the Loan Documents without presentment, demand, protest or notice of any kind,
the obligation of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate and the Borrower
shall immediately deliver to the Administrative Agent Cash Collateral in an amount equal to 103% of the aggregate amount of each Letter
of Credit then outstanding, the Borrower acknowledging and agreeing that the Lenders would not have an adequate remedy at law for failure
by the Borrower to honor any such demand and that the Lenders, and the Administrative Agent on their behalf, shall have the right to require
the Borrower to specifically perform such undertaking whether or not any draws or other demands for payment have been made under any of
the Letters of Credit. In addition, the Administrative Agent may exercise on behalf of itself, the Lenders and the L/C Issuer all rights
and remedies available to it, the Lenders and the L/C Issuer under the Loan Documents or under applicable law or in equity when any such
Event of Default has occurred and is continuing.

 

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(b)            At
any time that there shall exist a Defaulting Lender, within one Business Day following the written request of the Administrative Agent
or the L/C Issuer (with a copy to the Administrative Agent) the Borrower shall Cash Collateralize the L/C Issuer’s Fronting Exposure
with respect to such Defaulting Lender (determined after giving effect to Section 2.14(a)(iv) and any Cash Collateral provided
by such Defaulting Lender) in an amount not less than the Minimum Collateral Amount.

 

(i)           Grant
of Security Interest. The Borrower, and to the extent provided by any Defaulting Lender, such Defaulting Lender, hereby grant to the
Administrative Agent, for the benefit of the L/C Issuer, and agree to maintain, a first priority security interest in all such Cash Collateral
as security for such Defaulting Lender’s obligation to fund participations in respect of L/C Obligations, to be applied pursuant
to clause (ii) below. 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 and the L/C Issuer as herein provided (other than Permitted Liens), or that the total amount
of such Cash Collateral is less than the Minimum Collateral Amount, the Borrower shall, promptly upon demand by the Administrative Agent,
pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency (after giving
effect to any Cash Collateral provided by the Defaulting Lender).

 

(ii)           Application.
Notwithstanding anything to the contrary contained in this Agreement, Cash Collateral provided under this Section 9.3 or Section 2.15
in respect of Letters of Credit shall be applied to the satisfaction of the Defaulting Lender’s obligation to fund participations
in respect of L/C Obligations (including, as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such obligation)
for which the Cash Collateral was so provided, prior to any other application of such property as may otherwise be provided for herein.

 

(iii)          Termination
of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the L/C Issuer’s Fronting Exposure shall
no longer be required to be held as Cash Collateral pursuant to this Section 9.3(b) following (A) the elimination of the
applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (B) the determination
by the Administrative Agent and the L/C Issuer that there exists excess Cash Collateral; provided that, subject to Section 2.15
the Person providing Cash Collateral and the L/C Issuer may agree that Cash Collateral shall be held to support future anticipated Fronting
Exposure or other obligations and provided further that to the extent that such Cash Collateral was provided by the Borrower, such
Cash Collateral shall remain subject to the security interest granted pursuant to the Loan Documents.

 

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Section 9.4.            Collateral
for Undrawn Letters of Credit. (a) If the provision of any Cash Collateral in respect of
any or all outstanding Letters of Credit is required under Section 2.7(b), Section 2.14, Section 2.15, Section 9.2
or Section 9.3 above, the Borrower shall forthwith provide such Cash Collateral, to be held by the Administrative Agent as provided
in subsection (b) below.

 

(b)            All
Cash Collateral delivered pursuant to subsection (a) above shall be held by the Administrative Agent in one or more separate collateral
accounts (each such account, and the credit balances, properties, and any investments from time to time held therein, and any substitutions
for such account, any certificate of deposit or other instrument evidencing any of the foregoing and all proceeds of and earnings on any
of the foregoing being collectively called the “Collateral Account”) as security for, and for application by the Administrative
Agent (to the extent available) to, the reimbursement of any payment under any Letter of Credit then or thereafter made by the L/C Issuer,
and to the payment of the unpaid balance of all other Obligations (and to all Hedging Liability and Funds Transfer and Deposit Account
Liability). The Collateral Account shall be held in the name of and subject to the exclusive dominion and control of the Administrative
Agent for the benefit of the Administrative Agent, the Lenders, and the L/C Issuer. If and when requested by the Borrower, the Administrative
Agent shall invest funds held in the Collateral Account from time to time in direct obligations of, or obligations the principal of and
interest on which are unconditionally guaranteed by, the United States of America with a remaining maturity of one year or less, provided
that the Administrative Agent is irrevocably authorized to sell investments held in the Collateral Account when and as required to make
payments out of the Collateral Account for application to amounts due and owing from the Borrower to the L/C Issuer, the Administrative
Agent or the Lenders; provided, however, that, subject to the terms of Sections 2.14 and 2.15, (i) if the Borrower shall have
made payment of all obligations referred to in subsection (a) above required under Section 2.7(b), if any, at the request of
the Borrower the Administrative Agent shall release to the Borrower amounts held in the Collateral Account so long as at the time of the
release and after giving effect thereto no Default or Event of Default exists, and (ii) if the Borrower shall have made payment of
all obligations referred to in subsection (a) above required under Section 9.2 or 9.3, so long as no Letters of Credit, Commitments,
Loans or other Obligations, Hedging Liability, or Funds Transfer and Deposit Account Liability remain outstanding, at the request of the
Borrower, the Administrative Agent shall release to the Borrower any remaining amounts held in the Collateral Account.

 

Section 9.5.            Notice
of Default. The Administrative Agent shall give notice to the Borrower under Section 9.1(d) promptly
upon being requested to do so by any Lender and shall thereupon notify all the Lenders thereof.

 

Section 10.            Change
in Circumstances.

 

Section 10.1.            Change
of Law. Notwithstanding any other provisions of this Agreement or any other Loan Document, if
at any time any Change in Law makes it unlawful for any Lender to make or continue to maintain any EurodollarSOFR
Loans or to perform its obligations as contemplated hereby, such Lender shall promptly give notice thereof to the Borrower and such Lender’s
obligations to make or maintain EurodollarSOFR
Loans under this Agreement shall be suspended until it is no longer unlawful for such Lender to make or maintain EurodollarSOFR
Loans. The Borrower shall prepay on demand the outstanding principal amount of any such affected EurodollarSOFR
Loans, together with all interest accrued thereon and all other amounts then due and payable to such Lender under this Agreement; provided,
however, subject to all of the terms and conditions of this Agreement, the Borrower may then elect to borrow the principal amount of the
affected EurodollarSOFR
Loans from such Lender by means of Base Rate Loans from such Lender, which Base Rate Loans shall not be made ratably by the Lenders but
only from such affected Lender.

 

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Section 10.2.            Unavailability
of Deposits or Inability to Ascertain, or Inadequacy
of, LIBORDetermine Rates; Effect of Benchmark Transition Event.
(a) Subject to Section 10.1810.2(b),
if, on or prior to the first day of any Interest Period for any
Borrowing of Eurodollar LoansSOFR
Loan:

 

(ai)            the
Administrative Agent determines (which determination shall be conclusive and binding on the Borrower
that (i) deposits in U.S. Dollars (in the applicable amounts) are not being offered to it in the interbank eurodollar market for
such Interest Period, or (ii) reasonable means do not exist for ascertaining the applicable LIBOR (including, without limitation,
because the LIBOR Index Rate is not available or published on a current basis)absent
manifest error) that “Term SOFR” cannot be determined pursuant to the definition thereof, or

 

(bii)           the
Required Lenders advise the Administrative Agent that (i) LIBOR as determined by
the Administrative Agent willdetermine
that for any reason in connection with any request for a SOFR Loan or a conversion thereto or a continuation thereof that Term SOFR for
any requested Interest Period with respect to a proposed SOFR Loan does not adequately and fairly reflect the cost to such
Lenders of funding their Eurodollar Loans for such Interest Period or (ii) that the making or funding
of Eurodollar Loans become impracticablesuch Loan, and the
Required Lenders have provided notice of such determination to the
Administrative Agent,

 

then the Administrative Agent shall
forthwith givewill promptly so notify the Borrower and each
Lender. Upon notice thereof by the Administrative Agent to
the Borrower and, any obligation
of the Lenders, whereupon to
make or continue SOFR Loans shall be suspended (to
the extent of the affected SOFR Loans and, in the case of a SOFR Loan, the affected Interest Periods) until the Administrative
Agent notifiesrevokes such
notice. Upon receipt of such notice, (i) the Borrower may revoke
any pending request for a borrowing of, conversion to or continuation of SOFR Loans (to the extent of the affected SOFR Loans and, in
the case of a SOFR Loans, the affected Interest Periods) or, failing that,
the circumstances giving rise to such suspension no longer exist, the obligations of the Lenders to make
Eurodollar Loans shall be suspended (Borrower
will be deemed to have converted any such request into a request for a Borrowing of or conversion to Base Rate Loans in the amount specified
therein and (ii) any existing
Eurodollaroutstanding affected SOFR Loans shallwill
be automaticallydeemed to
have been converted into Base Rate Loans uponimmediately
or, in the case of a SOFR Loans, at the end of the applicable Interest Period therefor).
Upon any such conversion, the Borrower shall also pay any additional amounts required pursuant to Section 2.10.

 

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(b) Notwithstanding
anything to the contrary herein or in any other Loan Document (and any interest rate swap agreement shall be deemed not to be a “Loan
Document” for the purposes of this Section 10.2(b)):

 

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

 

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

 

(3)            Notice;
Standards for Decisions and Determinations.
The Administrative Agent will promptly notify the
Borrower and the Lenders of (i) the implementation of any Benchmark Replacement and (ii) the effectiveness of any Conforming
Changes in connection with the use, administration, adoption or implementation of a Benchmark Replacement. The Administrative Agent will
promptly notify the Borrower of the removal or reinstatement of any tenor of a Benchmark pursuant to Section 10.2(b).
Any determination, decision or election that may be made by the Administrative Agent or, if applicable, any Lender (or group of Lenders)
pursuant to this Section 10.2(b),
including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance
or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error
and may be made in its or their sole discretion and without consent from any other party to this Agreement or any other Loan Document,
except, in each case, as expressly required pursuant to this Section 10.2(b).

 

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(4)            Unavailability
of Tenor of Benchmark. Notwithstanding anything to the contrary herein or in any other Loan Document, at any time (including in connection
with the implementation of a Benchmark Replacement), (i) if the then-current Benchmark is a term rate (including the Term SOFR Reference
Rate) and either (A) any tenor for such Benchmark is not displayed on a screen or other information service that publishes such rate
from time to time as selected by the Administrative Agent in its reasonable discretion or (B) the administration of such Benchmark
or the regulatory supervisor for the administrator of such Benchmark has provided a public statement or publication of information announcing
that any tenor for such Benchmark is not or will not be representative, then the Administrative Agent may modify the definition of “Interest
Period” (or any similar or analogous definition) for any Benchmark settings at or after such time to remove such unavailable, non-representative,
non-compliant or non-aligned tenor and (ii) if a tenor that was removed pursuant to clause (i) above either (A) is subsequently
displayed on a screen or information service for a Benchmark (including a Benchmark Replacement) or (B) is not or will not be representative,
then the Administrative Agent may modify the definition of “Interest Period” (or any similar or analogous definition) for
all Benchmark settings at or after such time to reinstate such
previously removed tenor.

 

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

 

Section 10.3.            Increased
Cost and Reduced Return. (a)  Increased
Costs Generally. If any Change in Law shall:

 

(i)            impose,
modify or deem applicable any reserve (including pursuant to regulations issued
from time to time by the FRB for determining the maximum reserve requirement (including any emergency, special, supplemental or other
marginal reserve requirement) with respect to eurocurrency funding (currently referred to as “Eurocurrency liabilities” in
regulation D)), special deposit, compulsory loan, insurance charge or similar requirement against assets of, deposits with
or for the account of, or credit extended or participated in by, any Lender (except any reserve requirement
reflected in the Adjusted LIBOR) or the L/C Issuer;

 

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

 

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

 

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

 

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

 

(c)            Certificates
for Reimbursement. A certificate of a Lender or the L/C Issuer setting forth the amount or amounts necessary to compensate such Lender
or the L/C Issuer or its holding company, as the case may be, as specified in subsection (a) or (b) of this Section and
delivered to the Borrower, shall be conclusive absent manifest error. The Borrower shall pay such Lender or the L/C Issuer, as the case
may be, the amount shown as due on any such certificate within ten (10) days after receipt thereof.

 

(d)            Delay
in Requests. Failure or delay on the part of any Lender or the L/C Issuer to demand compensation pursuant to this Section shall
not constitute a waiver of such Lender’s or the L/C Issuer’s right to demand such compensation; provided that the Borrower
shall not be required to compensate a Lender or the L/C Issuer pursuant to this Section for any increased costs incurred or reductions
suffered more than nine (9) months prior to the date that such Lender or the L/C Issuer, as the case may be, notifies the Borrower
of the Change in Law giving rise to such increased costs or reductions, and of such Lender’s or the L/C Issuer’s intention
to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then
the nine-month period referred to above shall be extended to include the period of retroactive effect thereof).

 

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Section 10.4.            Lending
Offices. Each Lender may, at its option, elect to make its Loans hereunder at the branch, office
or Affiliate specified on the appropriate signature page hereof (each a “Lending Office”) for each type of Loan
available hereunder or at such other of its branches, offices or affiliates as it may from time to time elect and designate in a written
notice to the Borrower and the Administrative Agent. To the extent reasonably possible, a Lender shall designate an alternative branch
or funding office with respect to its EurodollarSOFR
Loans to reduce any liability of the Borrower to such Lender under Section 10.3 or to avoid the unavailability of EurodollarSOFR
Loans under Section 10.2, so long as such designation is not otherwise disadvantageous to the Lender.

 

Section 10.5.            Discretion
of Lender as to Manner of Funding. Notwithstanding any other provision of this Agreement, each
Lender shall be entitled to fund and maintain its funding of all or any part of its Loans in any manner it sees fit, it being understood,
however, that for the purposes of this Agreement all determinations hereunder with respect to EurodollarSOFR
Loans shall be made as if each Lender had actually funded and maintained each EurodollarSOFR
Loan through the purchase of deposits in the interbank eurodollar market having a maturity
corresponding to such Loan’s Interest Period, and bearing an interest rate equal to LIBORTerm
SOFR for such Interest Period.

 

Section 10.6.            Effect
of a Benchmark Transition Event .

 

(a)            Replacing
LIBOR.

 

(i)                        On
March 5, 2021, the Financial Conduct Authority (“FCA”), the regulatory supervisor of USD LIBOR’s administrator
(“IBA”), announced in a public statement the future cessation or loss of representativeness of overnight/Spot Next, 1-month,
3-month, 6-month and 12-month LIBOR Index Rate tenor settings. On the earlier of (i) the date that all Available Tenors of LIBOR
have either permanently or indefinitely ceased to be provided by IBA or have been announced by the FCA pursuant to public statement or
publication of information to be no longer representative and (ii) the Early Opt-in Effective Date, if the then-current Benchmark
is LIBOR, the Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of any
setting of such Benchmark on such day and all subsequent settings without any amendment to, or further
action or consent of any other party to this Agreement or any other Loan Document. If
the Benchmark Replacement is Daily Simple SOFR, all interest payments will be payable on a monthly basis.

 

(ii)            Subject
to the proviso below in this paragraph, if a Term SOFR Event has occurred in respect to the then-current Benchmark, then the applicable
Benchmark Replacement will replace the then-current Benchmark for all purposes hereunder or under any Loan Document in respect of such
Benchmark setting and subsequent Benchmark settings, without any amendment
to, or further action or consent of any other party to, this Agreement or any other Loan Document;
provided that, this clause (a)(ii) shall not be effective until 30 days after the Administrative Agent has delivered to the Lenders
and the Borrower a Term SOFR Notice (or such later date as the Administrative
Agent may select for effectiveness in the Term SOFR Notice). For the
avoidance of doubt, the Administrative Agent shall not be required to deliver a Term SOFR Notice after a Term SOFR Event and may elect
or not elect to do so in its sole discretion.

 

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(b)            Replacing
Future Benchmarks. Upon the occurrence of a Benchmark Transition Event, the Benchmark Replacement will replace the then-current Benchmark
for all purposes hereunder and under any Loan Document in respect of any Benchmark setting at or after 5:00 p.m. on
the fifth (5th) Business Day after the date written
notice of such Benchmark Replacement is provided to the Lenders without any amendment to,
or further action or consent of any other party to, this Agreement or any other Loan Document so long as the Administrative Agent has
not received, by such time, written notice of objection to such Benchmark Replacement from Lenders comprising the Required Lenders.
At any time that the administrator of the then-current Benchmark has permanently or indefinitely
ceased to provide such Benchmark or such Benchmark has been announced by the regulatory supervisor for the administrator of such Benchmark
pursuant to public statement or publication of information to be no longer representative of the underlying market and economic reality
that such Benchmark is intended to measure and that representativeness will not be restored, the Borrower may revoke any request for a
borrowing of, conversion to or continuation of Loans to  be made,
converted or continued that would bear interest by reference to such
Benchmark until the Borrower’s receipt of notice from the Administrative Agent that a Benchmark Replacement has replaced such Benchmark,
and, failing that, the Borrower will be deemed to have converted any such request into a request for a borrowing
of or conversion to Base Rate Loans. During the
period referenced in the foregoing sentence, the component of the Base Rate based upon the Benchmark will not be used in any determination
of the Base Rate.

 

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

 

(d)            Notice
Standards for Decisions and Determination.
The Administrative Agent will promptly notify the Borrower and the Lenders of (i) the implementation of any Benchmark Replacement,
and (ii) the effectiveness of any Benchmark Replacement Conforming Changes.
Any determination, decision or election that may be made by the Administrative Agent or, if applicable, any Lender (or group of Lenders)
pursuant to this Section 10.6,
including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance
or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error
and may be made in its or their sole discretion and without consent from any other party to this Agreement or any other Loan Document,
except, in each case, as expressly required pursuant to this Section 10.6.

 

(e)            Unavailability
of Tenor of Benchmark. At any time (including in connection with the implementation of a Benchmark Replacement), (i) if the then-current
Benchmark is a term rate (including Term SOFR or LIBOR), then the Administrative Agent may remove any tenor of such Benchmark that is
unavailable or non-representative for Benchmark (including Benchmark Replacement) settings and (ii) the Administrative Agent may
reinstate any such previously removed tenor for
Benchmark (including Benchmark Replacement) settings.

 

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Section 11.            The
Administrative Agent.

 

Section 11.1.            Appointment
and Authority. Each of the Lenders and the L/C Issuer hereby irrevocably appoints Bank of Montreal
to act on its behalf as the Administrative Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent
to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof,
together with such actions and powers as are reasonably incidental thereto. The provisions of this Section 11 are solely for the
benefit of the Administrative Agent, the Lenders and the L/C Issuer, and the Borrower shall not have rights as a third-party beneficiary
of any of such provisions. It is understood and agreed that the use of the term “agent” herein or in any other Loan Documents
(or any other similar term) with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express)
obligations arising under agency doctrine of any applicable law. Instead such term is used as a matter of market custom, and is intended
to create or reflect only an administrative relationship between contracting parties.

 

Section 11.2.            Rights
as a Lender. The Person serving as the Administrative Agent hereunder shall have the same rights
and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent, and
the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires,
include the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept
deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for, and generally engage
in any kind of business with, the Borrower or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative
Agent hereunder and without any duty to account therefor to the Lenders.

 

Section 11.3.            Action
by Administrative Agent; Exculpatory Provisions. (a) The Administrative Agent shall not
have any duties or obligations except those expressly set forth herein and in the other Loan Documents, and its duties hereunder shall
be administrative in nature. Without limiting the generality of the foregoing, the Administrative Agent and its Related Parties:

 

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

 

(ii)            shall
not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly
contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the
Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents),
provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel,
may expose the Administrative Agent to liability or that is contrary to any Loan Document or applicable law, including for the avoidance
of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or that may effect a forfeiture, modification
or termination of property of a Defaulting Lender in violation of any Debtor Relief Law. The Administrative Agent shall in all cases be
fully justified in failing or refusing to act hereunder or under any other Loan Document unless it first receives any further assurances
of its indemnification from the Lenders that it may require, including prepayment of any related expenses and any other protection it
requires against any and all costs, expense, and liability which may be incurred by it by reason of taking or continuing to take any such
action; and

 

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(iii)            shall
not, except as expressly set forth herein and in the other Loan Documents, have any duty or responsibility to disclose, and shall not
be liable for the failure to disclose, any information relating to 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.

 

(b)            Neither
the Administrative Agent nor any of its Related Parties shall be liable for any action taken or not taken by the Administrative Agent
under or in connection with this Agreement or any other Loan Document or the transactions contemplated hereby or thereby (i) with
the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as
the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 9.2, 9.3, 9.4
and 12.11), or (ii) in the absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction
by final and nonappealable judgment. Any such action taken or failure to act pursuant to the foregoing shall be binding on all Lenders.
The Administrative Agent shall be deemed not to have knowledge of any Default unless and until notice describing such Default is given
to the Administrative Agent in writing by the Borrower, a Lender, or the L/C Issuer.

 

(c)            Neither
the Administrative Agent nor any of its Related Parties shall be responsible for or have any duty or obligation to any Lender or the L/C
Issuer or participant or any other Person to ascertain or inquire into (i) any statement, warranty or representation made in or in
connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered
hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements
or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness
or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document, or (v) the satisfaction
of any condition set forth in Section 7.1 or 7.2 or elsewhere herein, other than to confirm receipt of items expressly required to
be delivered to the Administrative Agent.

 

Section 11.4.            Reliance
by Administrative Agent. The Administrative Agent shall be entitled to rely upon, and shall be
fully protected in relying and shall not incur any liability for relying upon, any notice, request, certificate, communication, consent,
statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other
distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Administrative
Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and
shall be fully protected in relying and shall not incur any liability for relying thereon. In determining compliance with any condition
hereunder to the making of a Loan, or the issuance, extension, renewal or increase of a Letter of Credit, that by its terms must be fulfilled
to the satisfaction of a Lender or the L/C Issuer, the Administrative Agent may presume that such condition is satisfactory to such Lender
or the L/C Issuer unless the Administrative Agent shall have received notice to the contrary from such Lender or the L/C Issuer prior
to the making of such Loan or the issuance 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.

 

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Section 11.5.            Delegation
of Duties. The Administrative Agent may perform any and all of its duties and exercise its rights
and powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent.
The Administrative Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through
their respective Related Parties. The exculpatory provisions of this Section shall apply to any such sub-agent and to the Related
Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication
of the Facilities as well as activities as Administrative Agent. The Administrative Agent shall not be responsible for the negligence
or misconduct of any sub-agents except to the extent that a court of competent jurisdiction determines in a final and nonappealable judgment
that the Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub-agents.

 

Section 11.6.            Resignation
of Administrative Agent. (a) The Administrative Agent may at any time give notice of its
resignation to the Lenders, the L/C Issuer and the Borrower. Upon receipt of any such notice of resignation, the Required Lenders shall
have the right, in consultation with the Borrower, to appoint a successor, which shall be a bank with an office in the United States of
America, or an Affiliate of any such bank with an office in the United States of America. If no such successor shall have been so appointed
by the Required Lenders and shall have accepted such appointment within thirty (30) days after the retiring Administrative Agent gives
notice of its resignation (or such earlier day as shall be agreed by the Required Lenders) (the “Resignation Effective Date”),
then the retiring Administrative Agent may (but shall not be obligated to), on behalf of the Lenders and the L/C Issuer, appoint a successor
Administrative Agent meeting the qualifications set forth above. Whether or not a successor has been appointed, such resignation shall
become effective in accordance with such notice on the Resignation Effective Date.

 

(b)            If
the Person serving as Administrative Agent is a Defaulting Lender pursuant to clause (d) of the definition thereof, the Required
Lenders may, to the extent permitted by applicable law, by notice in writing to the Borrower and such Person remove such Person as Administrative
Agent and, in consultation with the Borrower, appoint a successor. If no such successor shall have been so appointed by the Required Lenders
and shall have accepted such appointment within 30 days (or such earlier day as shall be agreed by the Required Lenders) (the “Removal
Effective Date”), then such removal shall nonetheless become effective in accordance with such notice on the Removal Effective
Date.

 

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(c)            With
effect from the Resignation Effective Date or the Removal Effective Date (as applicable) (i) the retiring or removed Administrative
Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents and (ii) except for any indemnity
payments owed to the retiring or removed Administrative Agent, all payments, communications and determinations provided to be made by,
to or through the Administrative Agent shall instead be made by or to each Lender and the L/C Issuer directly, until such time, if any,
as the Required Lenders appoint a successor Administrative Agent as provided for above. Upon the acceptance of a successor’s appointment
as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties
of the retiring or removed Administrative Agent (other than any rights to indemnity payments or other amounts owed to the retiring or
removed Administrative Agent), and the retiring or removed Administrative Agent shall be discharged from all of its duties and obligations
hereunder or under the other Loan Documents. The fees payable by the Borrower to a successor Administrative Agent shall be the same as
those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the retiring or removed Administrative
Agent’s resignation or removal hereunder and under the other Loan Documents, the provisions of this Section 11 and Section 12.13
shall continue in effect for the benefit of such retiring or removed Administrative Agent, its sub-agents and their respective Related
Parties in respect of any actions taken or omitted to be taken by any of them while the retiring or removed Administrative Agent was acting
as Administrative Agent.

 

Section 11.7.            Non-Reliance
on Administrative Agent and Other Lenders. Each Lender and the L/C Issuer acknowledges that it
has, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on
such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each
Lender and the L/C Issuer also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other
Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue
to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement
or any document furnished hereunder or thereunder.

 

Section 11.8.            L/C
Issuer. The L/C Issuer shall act on behalf of the Lenders with respect to any Letters of Credit
issued by it and the documents associated therewith. The L/C Issuer shall each have all of the benefits and immunities (i) provided
to the Administrative Agent in this Section 11 with respect to any acts taken or omissions suffered by the L/C Issuer in connection
with Letters of Credit issued by it or proposed to be issued by it and the Applications pertaining to such Letters of Credit as fully
as if the term “Administrative Agent”, as used in this Section 11, included the L/C Issuer with respect to such acts
or omissions and (ii) as additionally provided in this Agreement with respect to the L/C Issuer. Any resignation by the Person then
acting as Administrative Agent pursuant to Section 11.6 shall also constitute its resignation or the resignation of its Affiliate
as the L/C Issuer except as it may otherwise agree. If such Person then acting as the L/C Issuer so resigns, it shall retain all the rights,
powers, privileges and duties of the L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of
its resignation as the L/C Issuer and all L/C Obligations with respect thereto, including the right to require the Lenders to make Loans
or fund risk participations in Reimbursement Obligations pursuant to Section 2.2. Upon the appointment by the Borrower of a successor
L/C Issuer hereunder (which successor shall in all cases be a Lender other than a Defaulting Lender), (i) such successor shall succeed
to and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer (other than any rights to indemnity
payments or other amounts that remain owing to the retiring L/C Issuer), and (ii) the retiring L/C Issuer shall be discharged from
all of its duties and obligations hereunder or under the other Loan Documents other than with respect to its outstanding Letters of Credit,
and (iii) upon the request of the resigning L/C Issuer, the successor L/C Issuer shall issue letters of credit in substitution for
the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to the resigning L/C
Issuer to effectively assume the obligations of the resigning L/C Issuer with respect to such Letters of Credit.

 

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Section 11.9.            Designation
of Additional Agents. The Administrative Agent shall have the continuing right, for purposes
hereof, at any time and from time to time to designate one or more of the Lenders (and/or its or their Affiliates) as “syndication
agents,” “documentation agents,” “sustainability agents,” “book runners,” “lead arrangers,”
 “arrangers,” or other designations for purposes hereto, but such designation shall have no substantive effect, and such Lenders
and their Affiliates shall have no additional powers, duties or responsibilities as a result thereof.

 

Section 11.10.          Authorization
of Administrative Agent to File Proofs of Claim. In case of the pendency of any proceeding under
any Debtor Relief Law or any other judicial proceeding relative to the Borrower, the Administrative Agent (irrespective of whether the
principal of any Loan or L/C Obligation shall then be due and payable as herein expressed or by declaration or otherwise and irrespective
of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention in such
proceeding or otherwise:

 

(a)            to
file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, L/C Obligations and
all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the
claims of Lenders, the L/C Issuer and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements
and advances of the Lenders, the L/C Issuer and the Administrative Agent and their respective agents and counsel and all other amounts
due the Lenders, the L/C Issuer and the Administrative Agent under the Loan Documents including, but not limited to, Sections 2.10, 3.1,
10.3 and 12.13) allowed in such judicial proceeding; and

 

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

 

and any custodian, receiver, assignee, trustee,
liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender and the L/C Issuer
to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such
payments directly to the Lenders and the L/C Issuer, to pay to the Administrative Agent any amount due for the reasonable compensation,
expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative
Agent under Sections 3.1 and 12.13. Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent
to or accept or adopt on behalf of any Lender or the L/C Issuer any plan of reorganization, arrangement, adjustment or composition affecting
the Obligations or the rights of any Lender or the L/C Issuer or to authorize the Administrative Agent to vote in respect of the claim
of any Lender or the L/C Issuer in any such proceeding.

 

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Section 11.11.            Recovery
of Erroneous Payments. Notwithstanding
anything to the contrary in this Agreement, if at any time the Administrative Agent determines (in its sole and absolute discretion) that
it has made a payment hereunder in error to any Lender, L/C Issuer or other Secured Party, whether or not in respect of a Secured Obligation
due and owing by any Loan Party at such time, where such payment is a Rescindable Amount, then in any such event, each such Person receiving
a Rescindable Amount severally agrees to repay to the Administrative Agent forthwith on demand the Rescindable Amount received by such
Person in immediately available funds in the currency so received, with interest thereon, for each day from and including the date such
Rescindable Amount is received by it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds
Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. Each
Lender, each L/C Issuer and each other Secured Party irrevocably waives any and all defenses, including any “discharge for value”
(under which a creditor might otherwise claim a right to retain funds mistakenly paid by a third party in respect of a debt owed by another),
 “good consideration”, “change of position” or similar defenses (whether at law or in equity) to its obligation
to return any Rescindable Amount. The Administrative Agent shall inform each Lender, L/C Issuer or other Secured Party that received a
Rescindable Amount promptly upon determining that any payment made to such Person comprised, in whole or in part, a Rescindable Amount.
Each Person’s obligations, agreements and waivers under this Section shall survive
the resignation or replacement of the Administrative Agent, any transfer of rights
or obligations by, or the replacement of, a Lender or L/C Issuer, the termination of the Revolving Credit Commitments and/or the repayment,
satisfaction or discharge of all Secured Obligations (or any portion thereof) under any Loan Document.

 

Section 12.            Miscellaneous.

 

Section 12.1.            Taxes.
(a)  Certain Defined Terms. For purposes of this Section, the term “Lender” includes the L/C Issuer and the term
 “applicable law” includes FATCA.

 

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

 

(c)            Payment
of Other Taxes by the Borrower. The Borrower shall timely pay to the relevant Governmental Authority in accordance with applicable
law, or at the option of the Administrative Agent timely reimburse it for the payment of, any Other Taxes.

 

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(d)            Indemnification
by the Borrower. The Borrower shall indemnify each Recipient, within ten (10) days after demand therefor, for the full amount
of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section) payable
or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient and any reasonable expenses arising
therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant
Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender (with a copy
to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest
error.

 

(e)            Indemnification
by the Lenders. Each Lender shall severally indemnify the Administrative Agent, within ten (10) days after demand therefor, for
(i) any Indemnified Taxes or Other Taxes attributable to such Lender (but only to the extent that the Borrower has not already indemnified
the Administrative Agent for such Indemnified Taxes or Other Taxes and without limiting the obligation of the Borrower to do so), (ii) any
Taxes attributable to such Lender’s failure to comply with the provisions of Section 12.10(d) relating to the maintenance
of a Participant Register and (iii) any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by the
Administrative Agent in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether
or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount
of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender
hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Loan Document
or otherwise payable by the Administrative Agent to the Lender from any other source against any amount due to the Administrative Agent
under this subsection (e).

 

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

 

(g)            Status
of Lenders. (i) Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made
under any Loan Document shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower
or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrower or the Administrative
Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably
requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably
requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or
not such Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the
preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Section 12.1(g)(ii)(A),
(ii)(B) and (ii)(D) below) shall not be required if in the Lender’s reasonable judgment such completion, execution or
submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial
position of such Lender.

 

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(ii)            Without
limiting the generality of the foregoing,

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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(i)            Survival.
Each party’s obligations under this Section shall survive the resignation or replacement of the Administrative Agent
or any assignment of rights by, or the replacement of, a Lender, the termination of the Revolving Credit Commitments and the repayment,
satisfaction or discharge of all obligations under any Loan Document.

 

Section 12.2.            Other
Taxes. The Borrower agrees to pay on demand, and indemnify and hold the Administrative Agent,
the Lenders, and the L/C Issuer harmless from, any Other Taxes payable in respect of this Agreement or any other Loan Document, including
interest and penalties, in the event any such taxes are assessed, irrespective of when such assessment is made and whether or not any
credit is then in use or available hereunder.

 

Section 12.3.            No
Waiver, Cumulative Remedies. No delay or failure on the part of the Administrative Agent, the
L/C Issuer, or any Lender, or on the part of the holder or holders of any of the Obligations, in the exercise of any power or right under
any Loan Document shall operate as a waiver thereof or as an acquiescence in any default, nor shall any single or partial exercise of
any power or right preclude any other or further exercise thereof or the exercise of any other power or right. The rights and remedies
hereunder of the Administrative Agent, the L/C Issuer, the Lenders, and of the holder or holders of any of the Obligations are cumulative
to, and not exclusive of, any rights or remedies which any of them would otherwise have.

 

Section 12.4.            Non-Business
Days. If any payment hereunder becomes due and payable on a day which is not a Business Day,
the due date of such payment shall be extended to the next succeeding Business Day on which date such payment shall be due and payable.
In the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue
to accrue during such extension at the rate per annum then in effect, which accrued amount shall be due and payable on the next scheduled
date for the payment of interest.

 

Section 12.5.            Survival
of Representations. All representations and warranties made herein or in any other Loan Document
or in certificates given pursuant hereto or thereto shall survive the execution and delivery of this Agreement and the other Loan Documents,
and shall continue in full force and effect with respect to the date as of which they were made as long as any credit is in use or available
hereunder.

 

Section 12.6.            Survival
of Indemnities. All indemnities and other provisions relative to reimbursement to the Lenders and the L/C Issuer of amounts sufficient
to protect the yield of the Lenders and the L/C Issuer with respect to the Revolving Loans and Letters of Credit, including, but not limited
to, Sections 2.10, 10.3, and 12.13, shall survive the termination of this Agreement and the other Loan Documents and the payment of the
Obligations.

 

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Section 12.7.            Sharing
of Payments by Lenders. If any Lender shall, by exercising any right of setoff or counterclaim
or otherwise, obtain payment in respect of any principal of or interest on any of its Loans or other obligations hereunder resulting in
such Lender receiving payment of a proportion of the aggregate amount of its Loans and accrued interest thereon or other such obligations
greater than its pro rata share thereof as provided herein, then the Lender receiving such greater proportion shall (a) notify the
Administrative Agent of such fact, and (b) purchase (for cash at face value) participations in the Loans and such other obligations
of the other Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by
the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Loans and other amounts
owing them; provided that:

 

(i)               if any such participations 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

 

(ii)            the
provisions of this Section shall not be construed to apply to (x) any payment made by 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 or participations in
L/C Obligations to any assignee or participant, other than to the Borrower or any Subsidiary thereof (as to which the provisions of this
Section 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 against the Borrower rights of setoff and 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.

 

Section 12.8.            Notices.
(a) Except as otherwise specified herein, all notices hereunder and under the other Loan Documents shall be in writing (including,
without limitation, notice by telecopy) and shall be given to the relevant party at its address or telecopier number set forth below,
or such other address or telecopier number as such party may hereafter specify by notice to the Administrative Agent and the Borrower
given by courier, by United States certified or registered mail, by telecopy or by other telecommunication device capable of creating
a written record of such notice and its receipt. Notices under the Loan Documents to any Lender shall be addressed to its address or telecopier
number set forth on its Administrative Questionnaire; and notices under the Loan Documents to the Borrower, the Administrative Agent,
or the L/C Issuer shall be addressed to its respective address or telecopier number set forth below:

 

	
    to the Borrower:

     

    LTC Properties, Inc.

    2829 Townsgate Road, Suite 350

    Westlake Village, California 91361

    Attention:      Chief Financial Officer

    Telephone:    (805) 981-8655

    Telecopy:       (805) 981-8663
	
    to the Administrative Agent and L/C Issuer:

     

    Bank of Montreal

    100 High Street, 26th Floor

    Boston, Massachusetts 02110

    Attention:     Lloyd Baron

    Telephone:   (617) 960-2372

 

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Each such notice, request or other communication
shall be effective (i) if given by telecopier, when such telecopy is transmitted to the telecopier number specified in this Section or
in the relevant Administrative Questionnaire and a confirmation of such telecopy has been received by the sender, (ii) if given by
mail, five (5) days after such communication is deposited in the mail, certified or registered with return receipt requested, addressed
as aforesaid or (iii) if delivered through electronic communications, to the extent provided in subsection (b) below, shall
be effective as provided in said subsection (b).

 

(b)            Electronic
Communications. Notices and other communications to the Lenders and the L/C Issuers 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 or L/C Issuer pursuant to Sections 2.2, 2.3 and 2.6 if such Lender or
L/C Issuer, as applicable, has notified the Administrative Agent that it is incapable of receiving notices under such Sections by electronic
communication. The Administrative Agent or the Borrower may, in its discretion, agree to accept notices and other communications to it
hereunder by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be
limited to particular notices or communications.

 

Unless the Administrative
Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s
receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available,
return e-mail or other written acknowledgement), and (ii) notices or communications posted to an Internet or intranet website shall
be deemed received upon the deemed receipt by the intended recipient, at its e-mail address as described in the foregoing clause (i),
of notification that such notice or communication is available and identifying the website address therefor; provided that, for
both clauses (i) and (ii) above, if such notice, email 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.

 

(c)            Change
of Address, etc. Any party hereto may change its address or facsimile number for notices and other communications hereunder by
notice to the other parties hereto.

 

(d)            Platform.
(i) The Borrower agrees that the Administrative Agent may, but shall not be obligated to, make the Communications (as defined
below) available to the L/C Issuer and the other Lenders by posting the Communications on Debt Domain, Intralinks, Syndtrak or a
substantially similar electronic transmission system (the “Platform”).

 

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(ii)            The
Platform is provided “as is” and “as available.” The Agent Parties (as defined below) do not warrant the adequacy
of the Platform and expressly disclaim liability for errors or omissions in the Communications. No warranty of any kind, express, implied
or statutory, including, without limitation, any warranty of merchantability, fitness for a particular purpose, non-infringement of third-party
rights or freedom from viruses or other code defects, is made by any Agent Party in connection with the Communications or the Platform.
In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any
liability to the Borrower, any Subsidiary, any Lender or any other Person or entity for damages of any kind, including, without limitation,
direct or indirect, special, incidental or consequential damages, losses or expenses (whether in tort, contract or otherwise) arising
out of the Borrower’s, any Subsidiary’s or the Administrative Agent’s transmission of communications through the Platform.
“Communications” means, collectively, any notice, demand, communication, information, document or other material provided
by or on behalf of the Borrower or any Subsidiary pursuant to any Loan Document or the transactions contemplated therein which is distributed
to the Administrative Agent, any Lender or any L/C Issuer by means of electronic communications pursuant to this Section, including through
the Platform.

 

Section 12.9.            Counterparts.
(a) This Agreement may be executed in any number of counterparts, and by the different parties hereto on separate counterpart signature
pages, and all such counterparts taken together shall be deemed to constitute one and the same instrument. This Agreement and the other
Loan Documents, and any separate letter agreements with respect to fees payable to the Administrative Agent, 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 7.2, this Agreement shall become effective when it shall have
been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together,
bear the signatures of each of the other parties hereto. Delivery of an executed counterpart of a signature page of this Agreement
by facsimile or in electronic (e.g., “pdf” or “tif”) format shall be effective as delivery of a manually executed
counterpart of this Agreement. For purposes of determining compliance with the conditions specified in Section 7.2, the L/C Issuer
and each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each
document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to the L/C Issuer or a Lender
unless the Administrative Agent shall have received notice from such Lender or L/C Issuer prior to the Closing Date specifying its objection
thereto.

 

(b)            Electronic
Execution of Assignments. The words “execution,” “signed,” “signature,” and words of like import
in any Assignment and Assumption shall be deemed to include electronic signatures or the keeping of records in electronic form, each of
which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping
system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global
and National Commerce Act, the New York State Electronics Signatures and Records Act, or any other similar state laws based on the Uniform
Electronic Transactions Act.

 

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Section 12.10.            Successors
and Assigns. (a)     Successors
and Assigns Generally.  The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and
their respective successors and assigns permitted hereby, except that the Borrower may not assign or otherwise transfer any of its rights
or obligations hereunder without the prior written consent of the Administrative Agent and each Lender, and no Lender may assign or otherwise
transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of paragraph (b) of
this Section, (ii) by way of participation in accordance with the provisions of paragraph (d) of this Section, or (iii) by
way of pledge or assignment of a security interest subject to the restrictions of paragraph (e) of this Section (and any other
attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be
construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants
to the extent provided in paragraph (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties
of each of the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

 

(b)            Any
Lender may at any time assign to one or more Eligible Assignees all or a portion of such Lender’s rights and obligations under this
Agreement (including all or a portion of its Commitment and the Loans at the time owing to it); provided that any such assignment
shall be subject to the following conditions:

 

(i)            Minimum
Amounts. (A) In the case of an assignment of the entire remaining amount of the assigning Lender’s Revolving Credit Commitment
and the Loans and participation interest in L/C Obligations at the time owing to it or in the case of an assignment to a Lender, an Affiliate
of a Lender or an Approved Fund, no minimum amount need be assigned; and (B) in any case not described in subsection (b)(i)(A) of
this Section, the aggregate amount of the Revolving Credit Commitment (which for this purpose includes Loans and participation interest
in L/C Obligations outstanding thereunder) or, if the applicable Revolving Credit Commitment is not then in effect, the principal outstanding
balance of the Loans and participation interest in L/C Obligations of the assigning Lender subject to each such assignment (determined
as of the date the Assignment and Acceptance with respect to such assignment is delivered to the Administrative Agent or, if “Effective
Date” is specified in the Assignment and Acceptance, as of the Effective Date specified in such Assignment and Acceptance) shall
not be less than $5,000,000, unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing,
the Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed);

 

(ii)            Proportionate
Amounts. Each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights
and obligations under this Agreement with respect to the Loan or the Commitment.

 

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(iii)          Required
Consents. No consent shall be required for any assignment except to the extent required by Section 12.10(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 (x) an Event of Default
has occurred and is continuing at the time of such assignment or (y) such assignment is to a Lender, an Affiliate of a Lender or
an Approved Fund; provided that the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto
by written notice to the Administrative Agent within five (5) Business Days after having received notice thereof; and provided,
further, that the Borrower’s consent shall not be required during the primary syndication of the Facilities;

 

(B)            the
consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required for assignments in respect
of the Revolving Credit if such assignment is to a Person that is not a Lender with a Revolving Credit Commitment in respect of such Facility,
an Affiliate of such Lender or an Approved Fund with respect to such Lender; and

 

(C)            the
consent of the L/C Issuer (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 Acceptance. The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Acceptance,
together with a processing and recordation fee of $3,500 (except no fee shall be required for an assignment by a Lender to an Approved
Fund related to such Lender), and the assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire.

 

(v)            No
Assignment to Borrower. No such assignment shall be made to (a) the Borrower or any of its Subsidiaries or any Affiliate of the
Borrower or any Subsidiary or (b) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender
hereunder would constitute a Defaulting Lender or a Subsidiary thereof.

 

(vi)            No
Assignment to Natural Persons. No such assignment shall be made to a natural person.

 

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

 

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Subject to acceptance and recording thereof by
the Administrative Agent pursuant to paragraph (c) of this Section, from and after the effective date specified in each Assignment
and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment
and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent
of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of
an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall
cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 12.7 and 12.13 with respect to facts and circumstances
occurring prior to the effective date of such assignment; provided that except to the extent otherwise expressly agreed by the
affected parties, no assignment by a Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising
from that Lender’s having been a Defaulting Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement
that does not comply with this paragraph shall be treated for purposes of this Agreement as a sale by such Lender of a participation in
such rights and obligations in accordance with paragraph (d) of this Section.

 

(c)            Register.
The Administrative Agent, acting solely for this purpose as an agent of the Borrower, shall maintain at one of its offices in Chicago, Illinois
a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders,
and the Revolving Credit Commitments of, and principal amounts (and stated interest) of the Loans owing to, each Lender pursuant to the
terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent manifest error,
and the Borrower, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to
the terms hereof as a Lender hereunder for all purposes of this Agreement. The Register shall be available for inspection by the Borrower
and any Lender, at any reasonable time and from time to time upon reasonable prior notice.

 

(d)            Participations.
Any Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative Agent, sell participations to
any Person (other than a natural Person or the Borrower or 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 Commitments
and/or the Loans owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged,
(ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations, and (iii) the
Borrower, the Administrative Agent, the L/C Issuer and Lenders shall continue to deal solely and directly with such Lender in connection
with such Lender’s rights and obligations under this Agreement. For the avoidance of doubt, each Lender shall be responsible for
the indemnity under Section 11.8 with respect to any payments made by such Lender to its Participant(s).

 

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Any agreement or instrument
pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement
and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument
may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described
in Section 12.11 that expressly relate to amendments requiring the unanimous consent of the Lenders in the Revolving Credit. The
Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.10, 10.3 and 12.1 (subject to the requirements and
limitations therein, including the requirements under Section 12.1(g) (it being understood that the documentation required under
Section 12.1(g) shall be delivered to the participating Lender)) to the same extent as if it were a Lender and had acquired
its interest by assignment pursuant to paragraph (b) of this Section; provided that such Participant (A) agrees to be
subject to the provisions of Sections 2.12 and 10.4 as if it were an assignee under paragraph (b) of this Section; and (B) shall
not be entitled to receive any greater payment under Sections 10.3 or 12.1, with respect to any participation, than its participating
Lender would have been entitled to receive, except to the extent such entitlement to receive a greater payment results from a Change in
Law that occurs after the Participant acquired the applicable participation. Each Lender that sells a participation agrees, at the Borrower’s
request and expense, to use reasonable efforts to cooperate with the Borrower to effectuate the provisions of Section 2.12 with respect
to any Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 12.14 as though
it were a Lender; provided that such Participant agrees to be subject to Section 12.7 as though it were a Lender. Each Lender that
sells a participation shall, acting solely for this purpose as an agent of the Borrower, maintain a register on which it enters the name
and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other
obligations under the Loan Documents (the “Participant Register”); provided that no Lender shall have any obligation
to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a
Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person
except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is
in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register
shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register
as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of
doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register.

 

(e)            Certain
Pledges. Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement
to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; 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.

 

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Section 12.11.            Amendments.
 Subject to Sections 2.17 and 10.2, any provision of this Agreement or the other Loan Documents
may be amended or waived if, but only if, such amendment or waiver is in writing and is signed by (a) the Borrower, (b) the
Required Lenders, and (c) if the rights or duties of the Administrative Agent or the L/C Issuer are affected thereby, the Administrative
Agent or the L/C Issuer, as applicable; provided that:

 

(i)            no
amendment or waiver pursuant to this Section 12.11 shall (A) increase any Revolving Credit Commitment of any Lender without
the consent of such Lender or (B) reduce the amount of or postpone the date for any scheduled payment of any principal of or interest
on any Loan or of any Reimbursement Obligation or of any fee payable hereunder without the consent of the Lender to which such payment
is owing or which has committed to make such Loan or Letter of Credit (or participate therein) hereunder, it being agreed and understood
that any change in any ratio used in the calculation of any interest or fees due hereunder (including any component definition thereof)
shall not constitute a reduction in any rate of interest or fees hereunder; provided, however, that only the consent of the Required
Lenders shall be necessary to amend the default rate provided in Section 2.8 or to waive any obligation of the Borrower to pay interest
or fees at the default rate as set forth therein; and

 

(ii)            no
amendment or waiver pursuant to this Section 12.11 shall, unless signed by each Lender, extend the Revolving Credit Termination Date,
change the definition of Required Lenders, amend the waterfall provisions of Section 4.1, change the provisions of this Section 12.11
or affect the number of Lenders required to take any action hereunder or under any other Loan Document.

 

Notwithstanding anything to the contrary herein,
(1) no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment,
waiver or consent which by its terms requires the consent of all Lenders or each affected Lender may be effected with the consent of the
applicable Lenders other than Defaulting Lenders), except that (x) the Revolving Credit Commitment of any 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, (2) if the Administrative Agent and the Borrower have jointly identified an obvious error
or any error or omission of a technical nature, in each case, in any provision of the Loan Documents, then the Administrative Agent and
the Borrower shall be permitted to amend such provision, (3) guarantees and related documents executed by the Borrower or any guarantor
in connection with this Agreement may be in a form reasonably determined by the Administrative Agent and may be amended, supplemented
or waived without the consent of any Lender if such amendment, supplement or waiver is delivered in order to (x) comply with local
law or advice of local counsel, (y) cure ambiguities, omissions, mistakes or defects or (z) cause such guarantee or other document
to be consistent with this Agreement and the other Loan Documents, and (4) the Borrower and the Administrative Agent may, without
the input or consent of any other Lender, effect amendments to this Agreement and the other Loan Documents as may be necessary in the
reasonable opinion of the Borrower and the Administrative Agent to effect the provisions of Section 2.13.

 

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Section 12.12.            Headings.
Section headings used in this Agreement are for reference only and shall not affect the construction of this Agreement.

 

Section 12.13.            Costs
and Expenses; Indemnification. The Borrower agrees to pay all reasonable costs and expenses of
the Administrative Agent in connection with the preparation, negotiation, syndication, and administration of the Loan Documents, including,
without limitation, the reasonable fees and disbursements of counsel to the Administrative Agent, in connection with the preparation and
execution of the Loan Documents, and any amendment, waiver or consent related thereto, whether or not the transactions contemplated herein
are consummated. The Borrower agrees to pay to the Administrative Agent, the L/C Issuer, and each Lender, and any other holder of any
Obligations outstanding hereunder, all costs and expenses reasonably incurred or paid by the Administrative Agent, the L/C Issuer, such
Lender, or any such holder, including reasonable attorneys’ fees and disbursements and court costs, in connection with any Default
or Event of Default hereunder or in connection with the enforcement of any of the Loan Documents (including all such costs and expenses
incurred in connection with any proceeding under the United States Bankruptcy Code involving the Borrower as a debtor thereunder). The
Borrower further agrees to indemnify the Administrative Agent, the L/C Issuer, each Lender, and any security trustee therefor, and their
respective directors, officers, employees, agents, financial advisors, and consultants (each such Person being called an “Indemnitee”)
against all losses, claims, damages, penalties, judgments, liabilities and expenses (including, without limitation, all reasonable fees
and disbursements of counsel for any such Indemnitee and all reasonable expenses of litigation or preparation therefor, whether or not
the Indemnitee is a party thereto, or any settlement arrangement 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 Administrative Agent (and any sub-agent thereof), the L/C Issuer, and their Related Parties, the administration
and enforcement of this Agreement and the other Loan Documents (including all such costs and expenses incurred in connection with any
proceeding under the United States Bankruptcy Code involving the Borrower as a debtor thereunder), (ii) any Loan or Letter of Credit
or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer to honor a demand for payment under a Letter
of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any
Environmental Claim or Environmental Liability, including with respect to the 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, 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 Subsidiary, and regardless
of whether any Indemnitee is a party thereto (including, without limitation, any settlement arrangement arising from or relating to the
foregoing); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims,
damages, liabilities or related expenses 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. The Borrower, upon demand by the Administrative Agent, the
L/C Issuer, or a Lender at any time, shall reimburse the Administrative Agent, the L/C Issuer, or such Lender for any legal or other expenses
(including, without limitation, all reasonable fees and disbursements of counsel for any such Indemnitee) incurred in connection with
investigating or defending against any of the foregoing (including any settlement costs relating to the foregoing) except if the same
is directly due to the gross negligence or willful misconduct of the Indemnitee. The Borrower hereby agrees to indemnify the Administrative
Agent and the Lenders against, and agrees that it will hold the Administrative Agent and the Lenders harmless from, any claim, demand,
or liability for any such broker’s or finder’s fees alleged to have been incurred in connection herewith and any expenses
(including reasonable attorneys’ fees) arising in connection with any such claim, demand, or liability. To the 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 or the other Loan Documents or any agreement or instrument contemplated hereby or thereby, the transactions
contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee referred to in subsection
above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed
by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other
Loan Documents or the transactions contemplated hereby or thereby, except to the extent that such losses, claims, damages, liabilities
or related expenses 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. All amounts due under this Section shall be payable promptly after demand
therefor. The obligations of the Borrower under this Section shall survive the termination of this Agreement.

 

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Section 12.14.            Set-off.
If an Event of Default shall have occurred and be continuing, each Lender, the L/C Issuer, and each of their respective Affiliates is
hereby authorized at any time and from time to time, to the fullest extent permitted by applicable law, to set off and apply any and all
deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held, and other obligations (in
whatever currency) at any time owing, by such Lender, the L/C Issuer or any such Affiliate, to or for the credit or the account of the
Borrower against any and all of the obligations of the Borrower now or hereafter existing under this Agreement or any other Loan Document
to such Lender or the L/C Issuer or their respective Affiliates, irrespective of whether or not such Lender, the L/C Issuer or Affiliate
shall have made any demand under this Agreement or any other Loan Document and although such obligations of the Borrower may be contingent
or unmatured or are owed to a branch, office or Affiliate of such Lender or the L/C Issuer different from the branch, office or Affiliate
holding such deposit or obligated on such indebtedness; provided that in the event that any Defaulting Lender shall exercise any such
right of setoff, (x) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in
accordance with the provisions of Section 2.14 and, pending such payment, shall be segregated by such Defaulting Lender from its
other funds and deemed held in trust for the benefit of the Administrative Agent, the L/C Issuer, and the Lenders, and (y) the Defaulting
Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting
Lender as to which it exercised such right of setoff. The rights of each Lender, the L/C Issuer and their respective Affiliates under
this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender, the L/C Issuer or
their respective Affiliates may have. Each Lender and the L/C Issuer agrees to notify the Borrower and the Administrative Agent promptly
after any such setoff and application; provided that the failure to give such notice shall not affect the validity of such setoff
and application.

 

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Section 12.15.            Entire
Agreement. The Loan Documents constitute the entire understanding of the parties thereto with
respect to the subject matter thereof and any prior agreements, whether written or oral, with respect thereto are superseded hereby.

 

Section 12.16.            Governing
Law. This Agreement and the other Loan Documents (except as otherwise specified therein), and
the rights and duties of the parties hereto, shall be construed and determined in accordance with the internal laws of the State of New
York.

 

Section 12.17.            Severability
of Provisions. Any provision of any Loan Document which is unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such unenforceability without invalidating the remaining provisions hereof
or affecting the validity or enforceability of such provision in any other jurisdiction. All rights, remedies and powers provided in this
Agreement and the other Loan Documents may be exercised only to the extent that the exercise thereof does not violate any applicable mandatory
provisions of law, and all the provisions of this Agreement and other Loan Documents are intended to be subject to all applicable mandatory
provisions of law which may be controlling and to be limited to the extent necessary so that they will not render this Agreement or the
other Loan Documents invalid or unenforceable.

 

Section 12.18.            Excess
Interest. Notwithstanding any provision to the contrary contained herein or in any other Loan
Document, no such provision shall require the payment or permit the collection of any amount of interest in excess of the maximum amount
of interest permitted by applicable law to be charged for the use or detention, or the forbearance in the collection, of all or any portion
of the Loans or other obligations outstanding under this Agreement or any other Loan Document (“Excess Interest”).
If any Excess Interest is provided for, or is adjudicated to be provided for, herein or in any other Loan Document, then in such event
(a) the provisions of this Section shall govern and control, (b) the Borrower shall not be obligated to pay any Excess
Interest, (c) any Excess Interest that the Administrative Agent or any Lender may have received hereunder shall, at the option of
the Administrative Agent, be (i) applied as a credit against the then outstanding principal amount of Obligations hereunder and accrued
and unpaid interest thereon (not to exceed the maximum amount permitted by applicable law), (ii) refunded to the Borrower, or (iii) any
combination of the foregoing, (d) the interest rate payable hereunder or under any other Loan Document shall be automatically subject
to reduction to the maximum lawful contract rate allowed under applicable usury laws (the “Maximum Rate”), and this
Agreement and the other Loan Documents shall be deemed to have been, and shall be, reformed and modified to reflect such reduction in
the relevant interest rate, and (e) the Borrower shall not have any action against the Administrative Agent or any Lender for any
damages whatsoever arising out of the payment or collection of any Excess Interest. Notwithstanding the foregoing, if for any period of
time interest on any of the Borrower’s Obligations is calculated at the Maximum Rate rather than the applicable rate under this
Agreement, and thereafter such applicable rate becomes less than the Maximum Rate, the rate of interest payable on the Borrower’s
Obligations shall remain at the Maximum Rate until the Lenders have received the amount of interest which such Lenders would have received
during such period on the Borrower’s Obligations had the rate of interest not been limited to the Maximum Rate during such period.

 

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Section 12.19.            Construction.
The parties acknowledge and agree, to the extent permitted by law, that the Loan Documents shall not be construed more favorably in favor
of any party hereto based upon which party drafted the same, it being acknowledged that all parties hereto contributed substantially to
the negotiation of the Loan Documents. The provisions of this Agreement relating to Subsidiaries shall only apply during such times as
the Borrower has one or more Subsidiaries.

 

Section 12.20.            Lender’s
and L/C Issuer’s Obligations Several. The obligations of the Lenders and the L/C Issuer
hereunder are several and not joint. Nothing contained in this Agreement and no action taken by the Lenders or the L/C Issuer pursuant
hereto shall be deemed to constitute the Lenders and the L/C Issuer a partnership, association, joint venture or other entity.

 

Section 12.21.            No
Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated
hereby (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document), the Borrower acknowledges
and agrees, and acknowledges its Subsidiaries’ and Affiliates’ understanding, that: (a) (i) no fiduciary, advisory
or agency relationship between the Borrower and its Subsidiaries and the Administrative Agent, the L/C Issuer, or any Lender is intended
to be or has been created in respect of the transactions contemplated hereby or by the other Loan Documents, irrespective of whether the
Administrative Agent, the L/C Issuer, or any Lender has advised or is advising the Borrower or any of its Subsidiaries on other matters,
(ii) the arranging and other services regarding this Agreement provided by the Administrative Agent, the L/C Issuer, and the Lenders
are arm’s-length commercial transactions between the Borrower, its Subsidiaries and their Affiliates, on the one hand, and the Administrative
Agent, the L/C Issuer, and the Lenders, on the other hand, (iii) the Borrower and its Subsidiaries have consulted its own legal,
accounting, regulatory and tax advisors to the extent that it has deemed appropriate and (iv) the Borrower and its Subsidiaries are
capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the
other Loan Documents; and (b) (i) the Administrative Agent, the L/C Issuer, and the Lenders each is and has been acting solely
as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an
advisor, agent or fiduciary for the Borrower, its Subsidiaries or any of their Affiliates, or any other Person; (ii) none of the
Administrative Agent, the L/C Issuer, and the Lenders has any obligation to the Borrower, its Subsidiaries or any of their Affiliates
with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents;
and (iii) the Administrative Agent, the L/C Issuer, and the Lenders and their respective Affiliates may be engaged, for their own
accounts or the accounts of customers, in a broad range of transactions that involve interests that differ from those of the Borrower,
any Subsidiary and their Affiliates, and none of the Administrative Agent, the L/C Issuer, and the Lenders has any obligation to disclose
any of such interests to the Borrower, any Subsidiary or their Affiliates. To the fullest extent permitted by law, the Borrower, on behalf
of itself and its Subsidiaries, hereby waives and releases any claims that it may have against the Administrative Agent, the L/C Issuer,
and the Lenders with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction
contemplated hereby.

 

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Section 12.22.            Submission
to Jurisdiction; Waiver of Jury Trial. The Borrower hereby submits to the nonexclusive jurisdiction
of the United States District Court for the Southern District of New York and of any New York State court sitting in New York, New York
for purposes of all legal proceedings arising out of or relating to this Agreement, the other Loan Documents or the transactions contemplated
hereby or thereby. The Borrower irrevocably waives, to the fullest extent permitted by law, any objection which it may now or hereafter
have to the laying of the venue of any such proceeding brought in such a court and any claim that any such proceeding brought in such
a court has been brought in an inconvenient forum. The Borrower, the Administrative Agent, the
L/C Issuer, and the Lenders hereby irrevocably waive any and all right to trial by jury in any legal proceeding arising out of or relating
to any Loan Document or the transactions contemplated thereby.

 

Section 12.23.            USA
Patriot Act. Each Lender and the L/C Issuer that is subject to the requirements of the USA Patriot
Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”) hereby notifies the Borrower
that pursuant to the requirements of 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 L/C Issuer to identify
the Borrower in accordance with the Act.

 

Section 12.24.            Confidentiality.
Each of the Administrative Agent, the Lenders, and the L/C Issuer severally agrees to maintain the confidentiality of the Information
(as defined below), except that Information may be disclosed (a) to its and its Affiliates’ directors, officers, employees
and agents, including accountants, legal counsel and other advisors to the extent any such Person has a need to know such Information
(it being understood that the Persons to whom such disclosure is made will first be informed of the confidential nature of such Information
and instructed to keep such Information confidential), (b) to the extent requested by any regulatory authority (including any self-regulatory
authority, such as the National Association of Insurance Commissioners), (c) to the extent required by applicable laws or regulations
or by any subpoena or similar legal process, (d) to any other party hereto, (e) in connection with the exercise of any remedies
hereunder or under any other Loan Document or any suit, action or proceeding relating to this Agreement or any other Loan Document or
the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those
of this Section, to (A) any assignee of or participant in, or any prospective assignee of or participant in, any of its rights or
obligations under this Agreement or (B) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction
relating to the Borrower or any Subsidiary and its obligations, (g) with the prior written consent of the Borrower, (h) to the
extent such Information (A) becomes publicly available other than as a result of a breach of this Section or (B) becomes
available to the Administrative Agent, any Lender or the L/C Issuer on a non-confidential basis from a source other than the Borrower
or any Subsidiary or any of their directors, officers, employees or agents, including accountants, legal counsel and other advisors, (i) to
rating agencies if requested or required by such agencies in connection with a rating relating to the Loans or Revolving Credit Commitments
hereunder, or (j) to entities which compile and publish information about the syndicated loan market, provided that only basic
information about the pricing and structure of the transaction evidenced hereby may be disclosed pursuant to this subsection (j). For
purposes of this Section, “Information” means all information received from the Borrower or any of the Subsidiaries
or from any other Person on behalf of the Borrower or any Subsidiary relating to the Borrower or any Subsidiary or any of their respective
businesses, other than any such information that is available to the Administrative Agent, any Lender or the L/C Issuer on a non-confidential
basis prior to disclosure by the Borrower or any of its Subsidiaries or from any other Person on behalf of the Borrower or any of the
Subsidiaries. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered
to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of
such Information as such Person would accord to its own confidential information.

 

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Section 12.25.            Acknowledgement
and Consent to Bail-In of Affected Financial Institutions. Notwithstanding anything to the contrary
in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto (including any
party becoming a party hereto by virtue of an Assignment and Assumption) acknowledges that any liability of any Affected Financial Institution
arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of
the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

 

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

 

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

 

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

 

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

 

(iii)          the
variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of the applicable Resolution
Authority.

 

Section 12.26.            Amendment
and Restatement; No Novation. This Agreement shall become effective as of the date hereof, and
supersede all provisions of the Prior Credit Agreement as of such date, upon the execution of this Agreement by each of the parties hereto
and fulfillment of the conditions precedent contained in Section 7.2. This Agreement shall constitute for all purposes an amendment
and restatement of the Prior Credit Agreement and not a new agreement and all obligations outstanding under the Prior Credit Agreement
shall continue to be outstanding hereunder and shall not constitute a novation of the indebtedness or other obligations outstanding under
the Prior Credit Agreement.

 

    -112-

     

    

 

Section 12.27.            Acknowledgement
Regarding Any Supported QFCs. To the extent that the Loan Documents provide support, through
a guarantee or otherwise, for Hedging Agreements or any other agreement or instrument that is a QFC (such support, “QFC Credit
Support” and each such QFC a “Supported QFC”), the parties acknowledge and agree as follows with respect
to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank
Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution
Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that
the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United
States or any other state of the United States):

 

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

 

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

 

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

 

“Covered Entity”
means any of the following:

 

(i)            a
 “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §252.82(b);

 

(ii)           a
 “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §47.3(b); or

 

(iii)          a
 “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §382.2(b).

 

    -113-

     

    

 

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

 

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

 

Section 12.28.            Equalization
of Loans and CommitmentsUpon the Closing Date, all loans outstanding under the Prior Credit Agreement
shall remain outstanding as the initial Borrowing of Revolving Loans under this Agreement and, in connection therewith, the Borrower shall
be deemed to have prepaid all outstanding EurodollarSOFR
Loans on the Closing Date; provided, that each Lender who is currently a party to the Prior Credit Agreement hereby agrees to forego
and waive any compensation due such Lender under Section 2.10 of the Prior Credit Agreement as a result thereof. On the Closing Date,
the Lenders each agree to make such purchases and sales of interests in the outstanding Revolving Loans between themselves so that each
Lender is then holding its relevant Revolver Percentage of outstanding Revolving Loans. Such purchases and sales shall be arranged through
the Administrative Agent and each Lender hereby agrees to execute such further instruments and documents, if any, as the Administrative
Agent may reasonably request in connection therewith.

 

[Signature
Pages to Follow]

 

    -114-

     

    

 

This Third Amended and Restated
Credit Agreement is entered into between us for the uses and purposes hereinabove set forth as of the date first above written.

 

	 	“ Borrower”
	 	 
	 	LTC Properties, Inc.
	 	 
	 	 
	 	By	 
	 	 	Name: Pamela Shelley-Kessler
	 	 	Title: Co-President, Chief Financial Officer and Corporate Secretary

 

[Signature Page to Third Amended and Restated
Credit Agreement (LTC Properties, Inc.)]

 

    

     

    

 

	 	“Administrative Agent and L/C Issuer”
	 	 
	 	Bank of Montreal, as Administrative Agent and as L/C Issuer 
	 	 
	 	 
	 	By	 
	 	 	Name:  Lloyd Baron
	 	 	Title:  Managing Director

 

[Signature Page to Third Amended and Restated
Credit Agreement (LTC Properties, Inc.)]

 

    

     

    

 

	 	“Lenders”
	 	 	 
	 	 	 
	 	Bank of Montreal, as a Lender
	 	 
	 	 
	 	By	 
	 	 	Name:  Lloyd Baron
	 	 	Title:  Managing Director

 

[Signature Page to Third Amended and Restated
Credit Agreement (LTC Properties, Inc.)]

 

    

     

    

 

	 	Citizens Bank, N.A., as a Lender
	 	 
	 	 
	 	By	 
	 	 	Name	 
	 	 	Title	 

 

[Signature Page to Third Amended and Restated
Credit Agreement (LTC Properties, Inc.)]

 

    

     

    

 

	 	KeyBank National Association, as a Lender
	 	 
	 	 
	 	By	 
	 	 	Name	 
	 	 	Title	 

 

[Signature Page to Third Amended and Restated
Credit Agreement (LTC Properties, Inc.)]

 

    

     

    

 

	 	MUFG Union Bank, N.A., as a Lender
	 	 
	 	 
	 	By	 
	 	 	Name	 
	 	 	Title	 

 

[Signature Page to Third Amended and Restated
Credit Agreement (LTC Properties, Inc.)]

 

    

     

    

 

	 	The Huntington National Bank, as a Lender
	 	 
	 	 
	 	By	 
	 	 	Name	 
	 	 	Title	 

 

[Signature Page to Third Amended and Restated
Credit Agreement (LTC Properties, Inc.)]

 

    

     

    

 

	 	Wells Fargo Bank, National Association, as a Lender
	 	 
	 	 
	 	By	 
	 	 	Name	 
	 	 	Title	 

 

[Signature Page to Third Amended and Restated
Credit Agreement (LTC Properties, Inc.)]

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