Document:

Exhibit 10.4

 

Execution Version

 

 

SECOND LIEN
CREDIT AGREEMENT

 

Dated as
of December 6, 2021

 

among

 

VERTEX
AEROSPACE SERVICES CORP.,

as the Borrower,

 

VERTEX
AEROSPACE INTERMEDIATE LLC,

as Holdings,

 

THE LENDERS
PARTY HERETO,

 

and

 

ROYAL BANK
OF CANADA,

as Administrative
Agent and Collateral Agent

 

 

     

     

    

 

TABLE
OF CONTENTS

 

	 	 	Page
	 	 	 
	ARTICLE I. Definitions and Accounting Terms	1
	 	 	 
	Section 1.01	Defined Terms	1
	Section 1.02	Other Interpretive Provisions	88
	Section 1.03	Accounting Term	90
	Section 1.04	Rounding	91
	Section 1.05	References to Agreements and Laws	91
	Section 1.06	Times of Day	91
	Section 1.07	Timing of Payment or Performance	91
	Section 1.08	Currency Equivalents Generally	92
	Section 1.09	LIBOR Replacement	92
	Section 1.10	Pro Forma Calculations	94
	Section 1.11	Calculation of Baskets	94
	Section 1.12	Divisions	96
	 	 	 
	ARTICLE II. The Commitments and Borrowings	96
	 	 	 
	Section 2.01	The Loans	96
	Section 2.02	Borrowings, Conversions and Continuations of Loans	97
	Section 2.03	[Reserved]	98
	Section 2.04	[Reserved]	98
	Section 2.05	Prepayments	98
	Section 2.06	Termination or Reduction of Commitments	104
	Section 2.07	Repayment of Loans	104
	Section 2.08	Interest	104
	Section 2.09	Fees	105
	Section 2.10	Computation of Interest and Fees	105
	Section 2.11	Evidence of Indebtedness	105
	Section 2.12	Payments Generally; Administrative Agent’s Clawback	106
	Section 2.13	Sharing of Payments	108
	Section 2.14	Incremental Facilities	108
	Section 2.15	New Incremental Notes	112
	Section 2.16	Cash Collateral	112
	Section 2.17	Defaulting Lenders	113
	Section 2.18	Specified Refinancing Debt	114
	Section 2.19	Permitted Debt Exchanges	115
	 	 	 
	ARTICLE III. Taxes, Increased Costs Protection and Illegality	116
	 	 	 
	Section 3.01	Taxes	116
	Section 3.02	[Reserved]	119
	Section 3.03	Illegality	119
	Section 3.04	Inability to Determine Rates	120
	Section 3.05	Increased Cost and Reduced Return; Capital Adequacy and Liquidity Requirements	120
	Section 3.06	Funding Losses	121
	Section 3.07	Matters Applicable to All Requests for Compensation	121

 

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	Section 3.08	Replacement of Lenders under Certain Circumstances	123
	 	 	 
	ARTICLE IV. Conditions Precedent to Borrowings	124
	 	 	 
	Section 4.01	Conditions to the Initial Borrowing on the Closing Date	124
	 	 	 
	ARTICLE V. Representations and Warranties	128
	 	 	 
	Section 5.01	Existence, Qualification and Power; Compliance with Laws	128
	Section 5.02	Authorization; No Contravention	128
	Section 5.03	Governmental Authorization; Other Consents	128
	Section 5.04	Binding Effect	128
	Section 5.05	Financial Statements; No Material Adverse Effect	129
	Section 5.06	Litigation	129
	Section 5.07	[Reserved]	129
	Section 5.08	Ownership of Property; Liens	129
	Section 5.09	[Reserved]	129
	Section 5.10	Taxes	129
	Section 5.11	ERISA	129
	Section 5.12	[Reserved]	130
	Section 5.13	Margin Regulations; Investment Company Act	130
	Section 5.14	Disclosure	131
	Section 5.15	Compliance with Laws	131
	Section 5.16	[Reserved]	131
	Section 5.17	Solvency	131
	Section 5.18	Perfection, Etc.	131
	Section 5.19	PATRIOT Act; OFAC	132
	Section 5.20	FCPA	132
	 	 	 
	ARTICLE VI. Affirmative Covenants	132
	 	 	 
	Section 6.01	Financial Statements	132
	Section 6.02	Certificates; Other Information	134
	Section 6.03	Notices	135
	Section 6.04	Payment of Taxes	136
	Section 6.05	Preservation of Existence, Etc.	136
	Section 6.06	Maintenance of Properties	136
	Section 6.07	Maintenance of Insurance	137
	Section 6.08	Compliance with Laws	137
	Section 6.09	Books and Records	137
	Section 6.10	Inspection Rights	137
	Section 6.11	Use of Proceeds	138
	Section 6.12	Covenant to Guarantee Obligations and Give Security	138
	Section 6.13	Compliance with Environmental Laws	140
	Section 6.14	Further Assurances	140
	Section 6.15	[Reserved]	141
	Section 6.16	Post-Closing Undertakings	141
	Section 6.17	No Change in Line of Business	142
	Section 6.18	Transactions with Affiliates	142
	Section 6.19	Accounting Changes	145
	Section 6.20	FACA Requirement	145

 

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	ARTICLE VII. Negative Covenants	146
	 	 	 
	Section 7.01	Indebtedness	145
	Section 7.02	Limitations on Liens	152
	Section 7.03	Fundamental Changes	153
	Section 7.04	Asset Sales	153
	Section 7.05	Restricted Payments	155
	Section 7.06	Burdensome Agreements	163
	Section 7.07	Anti-Layering	165
	Section 7.08	[Reserved]	165
	Section 7.09	Holding Company	165
	 	 	 
	ARTICLE VIII. Events of Default and Remedies	166
	 	 	 
	Section 8.01	Events of Default	166
	Section 8.02	Remedies Upon Event of Default	168
	Section 8.03	[Reserved]	169
	Section 8.04	Application of Funds	169
	 	 	 
	ARTICLE IX. Administrative Agent and Other Agents	171
	 	 	 
	Section 9.01	Appointment and Authorization of Agents	171
	Section 9.02	Delegation of Duties	171
	Section 9.03	Liability of Agents	172
	Section 9.04	Reliance by Agents	172
	Section 9.05	Notice of Default	173
	Section 9.06	Credit Decision; Disclosure of Information by Agents	173
	Section 9.07	Indemnification of Agents	174
	Section 9.08	Agents in their Individual Capacities	174
	Section 9.09	Successor Agents	175
	Section 9.10	Administrative Agent May File Proofs of Claim	175
	Section 9.11	Collateral and Guaranty Matters	176
	Section 9.12	Other Agents; Managers	177
	Section 9.13	Secured Cash Management Agreements and Secured Hedge Agreements	178
	Section 9.14	Appointment of Supplemental Agents, Incremental Arrangers and Specified Refinancing Agents	178
	Section 9.15	Intercreditor Agreement	180
	Section 9.16	Withholding Tax	181
	Section 9.17	ERISA Matters	181
	Section 9.18	Erroneous Payments	182
	 	 	 
	ARTICLE X. Miscellaneous	186
	 	 	 
	Section 10.01	Amendments, Etc.	186
	Section 10.02	Notices; Electronic Communications	190
	Section 10.03	No Waiver; Cumulative Remedies; Enforcement	192
	Section 10.04	Expenses	192
	Section 10.05	Indemnification by the Borrower	193
	Section 10.06	Payments Set Aside	194
	Section 10.07	Successors and Assigns	194
	Section 10.08	Confidentiality	201

 

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	Section 10.09	Setoff	202
	Section 10.10	Interest Rate Limitation	202
	Section 10.11	Counterparts	202
	Section 10.12	Integration; Effectiveness	202
	Section 10.13	Survival of Representations and Warranties	203
	Section 10.14	Severability	203
	Section 10.15	Governing Law; Jurisdiction; Etc.	203
	Section 10.16	Service of Process	204
	Section 10.17	Waiver of Right to Trial by Jury	204
	Section 10.18	Binding Effect	204
	Section 10.19	No Advisory or Fiduciary Responsibility	205
	Section 10.20	Affiliate Activities	205
	Section 10.21	Electronic Execution of Assignments and Certain Other Documents	205
	Section 10.22	USA PATRIOT Act	206
	Section 10.23	Acknowledgement and Consent to Bail-In of Affected Financial Institutions	206
	Section 10.24	Acknowledgement Regarding Any Supported QFCs	206

 

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SCHEDULES

 

	1	Guarantors
	1.01(a)	Adjustments to Consolidated EBITDA
	1.01(b)	Scheduled Dispositions
	2.01	Commitments and Pro Rata Shares
	6.16	Post-Closing Undertakings
	7.01	Closing Date Indebtedness
	7.02	Closing Date Liens
	7.05	Closing Date Investments
	10.02	Administrative Agent’s Office, Certain Addresses for Notices

 

EXHIBITS

 

	A	Committed Loan Notice
	B	Note
	C	Compliance Certificate
	D-1	Assignment and Assumption
	D-2	Affiliate Lender Assignment and Assumption
	D-3	Administrative Questionnaire
	E-1	Holdings Guaranty
	E-2	Subsidiary Guaranty
	F	Security Agreement
	G	Solvency Certificate
	H	Intercompany Note
	I-1	U.S. Tax Compliance Certificate
	I-2	U.S. Tax Compliance Certificate
	I-3	U.S. Tax Compliance Certificate
	I-4	U.S. Tax Compliance Certificate
	J	Notice of Optional Prepayment of Loans
	K	ABL Intercreditor Agreement
	L	Term Loan Intercreditor Agreement

 

    v

     

    

 

This SECOND LIEN CREDIT AGREEMENT
is entered into as of December 6, 2021, among VERTEX AEROSPACE SERVICES CORP.,
a Delaware corporation (the “Borrower”), VERTEX AEROSPACE INTERMEDIATE LLC, a Delaware limited liability company (“Holdings”),
the lenders party hereto (collectively, the “Lenders” and individually, a “Lender”) and ROYAL
BANK OF CANADA (“RBC”), as Administrative Agent and Collateral
Agent.

 

PRELIMINARY
STATEMENTS

 

Pursuant to that certain Share
and Asset Purchase and Sale Agreement, dated as of September 8, 2021 (together with all exhibits, annexes and schedules thereto,
as amended, modified, restated, supplemented or waived in accordance with the terms thereof, the “Purchase Agreement”),
by and among Raytheon Company, a Delaware corporation (the “Seller”), Vertex Aerospace LLC, a Delaware limited liability
company (the “Purchaser”), and Vertex Aerospace Services Holding Corp., a Delaware corporation (“Vertex Holdings”),
the Purchaser will, directly or indirectly, acquire (the “Acquisition”) all of the Seller Entities’ (as defined
in the Purchase Agreement) right, title and interest in and to certain assets constituting the Business (as defined in the Purchase Agreement),
including the Purchased Entity Shares (as defined in the Purchase Agreement) (the “Target Business”) from the Seller,
and which, after giving effect to the Transactions, will be owned directly or indirectly by the Borrower.

 

The Borrower has requested
that, upon the satisfaction in full (or waiver by the Administrative Agent) of the conditions precedent set forth in Article IV
below, the Lenders make term loans to the Borrower in an aggregate principal amount of $185,000,000, the proceeds of which shall be used,
together with the proceeds of the Equity Contribution, First Lien Term Loans and proceeds of any borrowings under the ABL Credit Agreement,
(i) to finance the Transactions, (ii) to pay the Transaction Costs, (iii) to pay fees and expenses in connection with
the foregoing and (iv) to fund working capital and general corporate purposes, on the terms and subject to the conditions set forth
in this Agreement.

 

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

 

ARTICLE I.

Definitions and Accounting Terms

 

Section 1.01     Defined
Terms. As used in this Agreement, the following terms shall have the meanings set forth below:

 

“ABL Credit Agreement”
means the ABL Credit Agreement, dated as of the date hereof, among Holdings, the Borrower, the lenders party thereto from time to time
and the ABL Representative, which amends that certain ABL Credit Agreement, originally dated as of June 29, 2018, among the Borrower,
Vertex Aerospace Services Holdings Corp., a Delaware corporation, as Holdings, the lenders party thereto from time to time and the ABL
Representative, as amended pursuant to the First Amendment to ABL Credit Agreement, dated as of May 17, 2019 and the Second Amendment
to ABL Credit Agreement, dated as of May 17, 2021, and as further amended, amended and restated, modified, supplemented, substituted,
replaced, restated or refinanced, in whole or in part, pursuant to a Permitted Refinancing from time to time (whether with the original
administrative agent and lenders or other agents and lenders or otherwise and whether provided under the original ABL Credit Agreement
or another credit agreement, indenture, instrument, other document or otherwise, unless such credit agreement, indenture, instrument
or document expressly provides that it is not an ABL Credit Agreement), in each case as and to the extent permitted by this Agreement
and the ABL Intercreditor Agreement.

 

    1

     

    

 

“ABL Facility”
means the senior secured revolving loan facility under the ABL Credit Agreement or any amendment, supplement, modification, substitution,
replacement, restatement or refinancing thereof, in whole or in part, pursuant to a Permitted Refinancing from time to time, in each
case as and to the extent permitted by this Agreement and the ABL Intercreditor Agreement.

 

“ABL Intercreditor
Agreement” means the ABL Intercreditor Agreement substantially in the form of Exhibit K among the Administrative
Agent, the First Lien Administrative Agent and the ABL Representative, with such modifications thereto as the Administrative Agent may
reasonably agree.

 

“ABL Loan Documents”
means, collectively, (i) the ABL Credit Agreement and (ii) the security documents, intercreditor agreements (including the ABL
Intercreditor Agreement), guarantees, joinders and other agreements or instruments executed in connection with the ABL Credit Agreement
or such other agreements, in each case, as amended, modified, supplemented, substituted, replaced, restated or refinanced, in whole or
in part, pursuant to a Permitted Refinancing from time to time, in each case as and to the extent permitted by this Agreement and the
ABL Intercreditor Agreement.

 

“ABL Loan Parties”
has the meaning assigned to the term “Loan Parties” in the ABL Credit Agreement.

 

“ABL Obligations”
means all Indebtedness and other obligations of the Borrower and any other ABL Loan Parties outstanding under or pursuant to the ABL Loan
Documents, together with guarantees thereof that are secured, or intended to be secured, under the ABL Loan Documents, including any direct
or indirect, absolute or contingent, interest and fees that accrue after the commencement by or against the Borrower or any other ABL
Loan Party 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, and any obligations under a Secured Hedge Agreement or a Secured Cash Management
Agreement (in each case, as defined in the ABL Credit Agreement) that are secured pursuant to the ABL Loan Documents.

 

“ABL Priority Collateral” has
the meaning assigned to the term “ABL Collateral” in the ABL Intercreditor Agreement.

 

“ABL Representative”
means initially, Ally Bank, in its capacity as administrative agent and collateral agent under the ABL Credit Agreement and the other
ABL Loan Documents and any other administrative agent, collateral agent or representative of the holders of ABL Obligations appointed
as a representative for purposes related to the administration of the ABL Loan Documents pursuant to the ABL Credit Agreement, in such
capacity as provided in the ABL Credit Agreement.

 

“Accepting Lender”
has the meaning specified in Section 10.01.

 

“Acquired Indebtedness”
means, with respect to any specified Person, (a) Indebtedness of any other Person existing at the time such other Person is merged,
amalgamated or consolidated with or into or becomes a Restricted Subsidiary of such specified Person, whether or not such Indebtedness
is Incurred in connection with, or in contemplation of, such other Person merging, amalgamating or consolidating with or into, or becoming
a Restricted Subsidiary of, such specified Person and (b) Indebtedness secured by a Lien encumbering any asset acquired by such specified
Person.

 

“Acquisition”
has the meaning specified in the Preliminary Statements of this Agreement.

 

“Adjusted Eurodollar
Rate” means, with respect to any Eurodollar Rate Borrowing for any Interest Period, an interest rate per annum equal to the
Eurodollar Rate for such Interest Period, multiplied by the Statutory Reserve Rate; provided that the Adjusted Eurodollar Rate
with respect to the Initial Term Loans shall not be less than 0.75% per annum.

 

    2

     

    

 

“Administrative Agent”
means RBC, acting through such of its Affiliates or branches as it may designate, in its capacity as administrative agent under any of
the Loan Documents, or any successor administrative agent permitted by the terms hereof.

 

“Administrative Agent’s
Office” means the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 10.02 or
such other address or account as the Administrative Agent may from time to time notify the Borrower and the Lenders.

 

“Administrative Questionnaire”
means an Administrative Questionnaire in substantially the form of Exhibit D-3 or any other form approved by the Administrative
Agent.

 

“Affected Financial
Institution” means (i) any EEA Financial Institution or (ii) any UK Financial Institution.

 

“Affiliate”
of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect common
control with such specified Person. For purposes of this definition, “control” (including, with correlative meanings, the
terms “controlling,” “controlled by” and “under common control with”), as used with respect to any
Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such
Person, whether through the ownership of voting securities, by agreement or otherwise.

 

“Affiliate Lender
Assignment and Assumption” has the meaning specified in Section 10.07(i)(i).

 

“Affiliate Lenders”
means, collectively, the Sponsor and its Affiliates (other than any Natural Person, Holdings, the Borrower and any of Holdings’
or the Borrower’s respective Subsidiaries).

 

“Affiliate Transaction”
has the meaning specified in Section 6.18.

 

“Agent-Related Distress
Event” means, with respect to the Administrative Agent, the Collateral Agent or any Person that directly or indirectly controls
the Administrative Agent (each, a “Distressed Agent-Related Person”), a voluntary or involuntary case with respect
to such Distressed Agent-Related Person under any Debtor Relief Law is commenced, or a custodian, conservator, receiver or similar official
is appointed for such Distressed Agent-Related Person or any substantial part of such Distressed Agent-Related Person’s assets,
or such Distressed Agent-Related Person makes a general assignment for the benefit of creditors or is otherwise adjudicated as, or determined
by any Governmental Authority having regulatory authority over such Distressed Agent-Related Person to be, insolvent or bankrupt; provided
that an Agent-Related Distress Event shall not be deemed to have occurred solely by virtue of the ownership or acquisition of any Equity
Interests in the Administrative Agent or any Person that directly or indirectly controls the Administrative Agent by a Governmental Authority
or an instrumentality thereof.

 

“Agent-Related Persons”
means each Agent, together with its Related Parties.

 

“Agents”
means, collectively, the Administrative Agent, the Collateral Agent and the Supplemental Agents (if any).

 

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

 

“Agreement”
means this second lien credit agreement.

 

    3

     

    

 

“AIP Manager”
means AIP, LLC, a Delaware limited liability company.

 

“All-in Yield”
means, with respect to any Indebtedness, the yield of such Indebtedness, whether in the form of interest rate, margin, OID, upfront fees,
index floors or otherwise, in each case, payable by the Borrower generally to all lenders; provided that OID and upfront fees shall
be equated to interest rate assuming a four-year life to maturity or, if less, the remaining life to maturity, and shall not include arrangement
fees, structuring fees, advisory fees, success fees, ticking fees, commitment fees, unused line fees, underwriting fees, amendment, consent
and similar fees (whether or not shared with all lenders providing such facility) and any other fees not paid by the Borrower generally
to all lenders providing such Indebtedness; provided further that (A) if the Eurodollar Rate (with an Interest Period of three
months) is less than any floor applicable to loans in respect to which the All-in Yield is being calculated on the date on which the All-in
Yield is determined, the amount of the resulting difference will be deemed added to the interest rate margin applicable to the relevant
Indebtedness for purposes of calculating the All-in Yield and (B) if the Eurodollar Rate (with an Interest Period of three months)
is greater than any applicable floor on the date on which the All-in Yield is determined, the floor will be disregarded in calculating
the All-in Yield.

 

“Applicable Discount”
has the meaning specified in the definition of “Dutch Auction.”

 

“Applicable
Rate” means, respect to the Initial Term Loans, a percentage per annum equal to (i) for Eurodollar Rate Loans, 7.50%
and (ii) for Base Rate Loans, 6.50%.

 

“Appropriate Lender”
means, at any time, (a) with respect to the Term Facility, a Lender that has a Commitment with respect to the Term Facility
or holds a Term Loan at such time, (b) with respect to any New Term Facility, a Lender that holds a New Term Loan at such time
and (c) with respect to any Specified Refinancing Debt, a Lender that holds Specified Refinancing Term Loans.

 

“Approved Commercial
Bank” means a commercial bank with a consolidated combined capital and surplus of at least $5,000,000,000.

 

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

 

“Asset Sale”
means any Disposition by the Borrower or any Restricted Subsidiary other than:

 

(a)           a
sale, exchange or other disposition of cash, Cash Equivalents or Investment Grade Securities, or of obsolete, damaged, unnecessary, surplus,
negligible, unsuitable or worn out equipment or other assets in the ordinary course of business, or dispositions of property no longer
used, useful or economically practicable to maintain in the conduct of the business of the Borrower and the Restricted Subsidiaries (including
allowing any such registrations or any such applications for registration of any such intellectual property or other such intellectual
property rights to lapse or become abandoned);

 

(b)           without
limiting the provisions of Section 8.01(k), the sale, conveyance, lease or other disposition of all or substantially all of the assets
of the Borrower in compliance with the provisions of Section 7.03 or Section 7.04 or any Disposition that constitutes a Change
of Control;

 

(c)           any
Restricted Payment that is permitted to be made, and is made, pursuant to Section 7.05 or any Permitted Investment;

 

    4

     

    

 

 

(d)            any
Disposition of assets or issuance or sale of Equity Interests of any Restricted Subsidiary, in a single transaction or series of related
transactions, with an aggregate Fair Market Value of less than or equal to the greater of (x) $52,000,000 and (y) 25.0% of Consolidated
EBITDA of the Group Parties per fiscal year; provided that any unused amounts pursuant to this clause (d) during any fiscal
year shall carry forward to the succeeding fiscal year;

 

(e)            any
transfer or Disposition of property or assets or issuance or sale of Equity Interests by a Restricted Subsidiary to the Borrower or by
the Borrower or a Restricted Subsidiary to another Restricted Subsidiary;

 

(f)            the
creation of any Lien permitted under this Agreement;

 

(g)            any
issuance, sale, pledge or other disposition of Equity Interests in, or Indebtedness or other securities of, an Unrestricted Subsidiary;

 

(h)            the
sale, lease, assignment, license or sublease of inventory, equipment, accounts receivable, notes receivable or other current assets held
for sale in the ordinary course of business or the conversion of accounts receivable to notes receivable or dispositions of accounts receivable
in connection with the collection or compromise thereof;

 

(i)            the
lease, assignment, license, sublicense or sublease of any real or personal property in the ordinary course of business;

 

(j)            a
sale or transfer of accounts receivable, or participations therein, and related assets of the type specified in the definition of “Receivables
Financing” to a Receivables Subsidiary in a Qualified Receivables Financing or in factoring or similar transactions;

 

(k)            a
transfer of accounts receivable and related assets of the type specified in the definition of “Receivables Financing” (or
a fractional undivided interest therein) by a Receivables Subsidiary in a Qualified Receivables Financing;

 

(l)            any
exchange of assets for Related Business Assets (including a combination of Related Business Assets and a de minimis amount of cash
or Cash Equivalents) of comparable or greater market value than the assets exchanged, as determined in good faith by the Borrower;

 

(m)            (i) the
sale, assignment, licensing, sub-licensing, cross-licensing or other disposition of intellectual property or other general intangibles
(1) in the ordinary course of business or (2) which do not materially interfere with the ordinary conduct of the business of
the Borrower or any Restricted Subsidiary and do not secure any Indebtedness, (ii) the sale, assignment, licensing, sub-licensing
or other disposition of intellectual property or other general intangibles pursuant to any Intercompany License Agreement, and (iii) the
statutory expiration of any intellectual property (for the avoidance of doubt, this clause (m) is subject to the last paragraph of
Section 7.04);

 

(n)            any
Sale/Leaseback Transaction of any property acquired or built after the Closing Date; provided that such sale is for at least Fair
Market Value;

 

(o)            the
surrender or waiver of obligations of trade creditors or customers or other contract rights that were incurred in the ordinary course
of business of the Borrower or any Restricted Subsidiary, including pursuant to any plan of reorganization or similar arrangement upon
the bankruptcy or insolvency of any trade creditor or customer or compromise, settlement, release or surrender of a contract, tort or
other litigation claim, arbitration or other disputes;

 

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(p)            Dispositions
arising from foreclosures, condemnations, eminent domain, seizure, nationalization or any similar action with respect to assets, dispositions
of property subject to casualty events and (except for purposes of calculating Net Cash Proceeds of any Asset Sale under the second and
third paragraphs of Section 7.04) Dispositions necessary or advisable (as determined by the Borrower in good faith) in order to consummate
any acquisition of any Person, business or assets;

 

(q)            Dispositions
of Investments (including Equity Interests) in joint ventures to the extent required by, or made pursuant to customary buy/sell arrangements
or rights of first refusal between, the joint venture parties set forth in joint venture arrangements and similar binding arrangements;

 

(r)            to
the extent allowable under Section 1031 of the Code, any exchange of like property (excluding any boot thereon) for use in a Similar
Business;

 

(s)            the
issuance of directors’ qualifying shares and shares issued to foreign nationals or other third-parties to the extent required by
applicable law;

 

(t)             [reserved];

 

(u)            a
sale or transfer of equipment receivables, or participations therein, and related assets;

 

(v)            a
sale or transfer of receivables made pursuant to factoring arrangements;

 

(w)            any
Disposition constituting part of a Permitted Reorganization or a Permitted IPO Reorganization;

 

(x)            Dispositions
of any assets (including Equity Interests) (i) acquired in connection with any Investment permitted hereunder, which assets are not
core or principal to the business of the Borrower or the Restricted Subsidiaries or (ii) made to obtain the approval of any applicable
antitrust or other regulatory authority in connection with any Investment permitted hereunder;

 

(y)            any
Sale/Leaseback Transaction so long as either (i) the Maximum Leverage Requirement or the “Maximum Leverage Requirement”
(as defined in the First Lien Credit Agreement as in effect on the date hereof) is satisfied after giving effect to any resulting Capitalized
Lease Obligation on a Pro Forma Basis (but excluding the proceeds of such Sale/Leaseback for purposes of cash netting), (ii) any
Capitalized Lease Obligation incurred in connection with such Sale/Leaseback Transaction is permitted under Section 7.01(d) or
(iii) the Fair Market Value for all such assets disposed of pursuant to Sale/Leaseback Transactions under this clause (iii) does
not exceed the greater of (x) $77,500,000 and (y) 37.5% of Consolidated EBITDA of the Group Parties;

 

(z)            Dispositions
of assets that do not constitute Collateral with an aggregate Fair Market Value, for all such assets disposed of pursuant to this clause
(z) in any fiscal year, not to exceed the greater of (x) $20,000,000 and (y) 9.375% of Consolidated EBITDA of the Group
Parties; provided that any unused amounts pursuant to this clause (z) during any fiscal year shall carry forward into the
succeeding fiscal year;

 

    6

     

    

 

(aa)          Borrower
and any Restricted Subsidiary may: (i) terminate or otherwise collapse its cost sharing agreements with Borrower or any Subsidiary
and settle any crossing payments in connection therewith; (ii) convert any intercompany Indebtedness to Equity Interests or any Equity
Interests to intercompany Indebtedness; (iii) transfer any intercompany Indebtedness to Borrower or any Restricted Subsidiary; (iv) settle,
discount, write off, forgive or cancel any intercompany Indebtedness or other obligation owing by Borrower or any Restricted Subsidiary;
(v) settle, discount, write off, forgive or cancel any Indebtedness owing by any present or former consultants, managers, directors,
officers or employees of Borrower, any direct or indirect parent thereof, or any Subsidiary thereof or any of their successors or assigns;
or (vi) surrender or waive contractual rights and settle, release, surrender or waive contractual or litigation claims (or other
disposition of assets in connection therewith);

 

(bb)          Any
disposition of property to the extent that (1) such property is exchanged for credit against the purchase price of similar replacement
property (excluding any boot thereon) that is purchased within 270 days thereof or (2) the proceeds of such disposition are promptly
applied to the purchase price of such replacement property (which replacement property is actually purchased within 270 days thereof);
and

 

(cc)          Dispositions
set forth on Schedule 1.01(b) hereto.

 

For the avoidance of doubt,
the unwinding of Swap Contracts shall not be deemed to constitute an Asset Sale.

 

“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 substantially in the form of Exhibit D-1, or otherwise in form and substance reasonably acceptable
to the Administrative Agent.

 

“Auction”
has the meaning specified in the definition of “Dutch Auction.”

 

“Auction Amount”
has the meaning specified in clause (a) of the definition of “Dutch Auction.”

 

“Auction Notice”
has the meaning specified in clause (a) of the definition of “Dutch Auction.”

 

“Available Incremental
Amount” has the meaning specified in Section 2.14(a).

 

“Available Tenor”
shall mean, 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.

 

“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

     

    

 

“Bankruptcy Code”
means Title 11 of the United States Code, entitled “Bankruptcy”, as amended from time to time.

 

“Base Rate”
means, for any day, a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate on such day plus 1/2 of 1%, (b) the
Prime Lending Rate on such day and (c) the Adjusted Eurodollar Rate published on such day (or if such day is not a Business Day the
immediately preceding Business Day) for an Interest Period of one (1) month plus 1% per annum; provided that for the
purposes of clause (c) of this definition, the Adjusted Eurodollar Rate for any day shall be based on the rate determined on such
day at approximately 11:00 a.m. (London time) by reference to the Screen Rate, as if the relevant Borrowing of Base Rate Loans were
a Eurodollar Rate Borrowing. If the Administrative Agent shall have determined (which determination shall be conclusive absent manifest
error) that it is unable to ascertain the Federal Funds Rate for any reason, the Base Rate shall be determined without regard to clause
(a) above until the circumstances giving rise to such inability no longer exist.

 

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

 

“Basket”
means any “basket”, amount, threshold, exception or value (including by reference to the Consolidated First Lien Net Leverage
Ratio, the Consolidated Secured Net Leverage Ratio, the Consolidated Total Net Leverage Ratio, the Consolidated Interest Coverage Ratio,
Consolidated EBITDA or Consolidated Net Tangible Assets) permitted or prescribed with respect to any Lien, Indebtedness, Asset Sale
(or other disposition or other sale of property or assets), Investment, Restricted Payment, Affiliate Transaction or any other transaction
or action under any provision in this Agreement or any other Loan Document.

 

“Benchmark”
shall mean, initially, LIBOR; provided that if a Benchmark Transition Event, a Term SOFR Transition Event or an Early Opt-in Election,
as applicable, and its related Benchmark Replacement Date have occurred with respect to LIBOR or the then-current Benchmark, then “Benchmark”
means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant
to clause (ii) of Section 1.09(e) titled “Benchmark Replacement Setting.”

 

“Benchmark Replacement”
shall mean, for any Available Tenor:

 

(a)            For
purposes of Section 1.09(e)(i), each alternative set forth below that can be determined by the Administrative Agent (it being understood
that if both the Term SOFR Benchmark Replacement and the Daily Simple SOFR Benchmark Replacement are available as of the Benchmark Transition
Date, the Borrower may elect either of the Term SOFR Benchmark Replacement, on the one hand, or the Daily Simple SOFR Benchmark Replacement,
on the other hand, as the Benchmark Replacement):

 

		(i)	the sum of: (i) Term SOFR and (ii) 0.10000% (10.000 basis points) (the “Term SOFR Benchmark Replacement”),
or

 

		(ii)	the sum of: (A) Daily Simple SOFR and (B) the spread adjustment selected or recommended by the Relevant Governmental Body
for the replacement of the tenor of LIBOR with a SOFR-based rate having approximately the same length as the interest payment period specified
in clause (i) above (the “Daily Simple SOFR Benchmark Replacement”); and

 

    8

     

    

 

(b)            For
purposes of Section 1.09(e)(ii), 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 Borrower as the replacement for such
Available Tenor of such Benchmark giving due consideration to any evolving or then-prevailing market convention, including any applicable
recommendations made by the 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 (a) or (b) above would be less than (i) in the case
of the Initial Term Loans, 0.75%, or (ii) in the case of any other Class of Loans, zero, the Benchmark Replacement will be deemed
to be (x) in the case of the Initial Term Loans, 0.75%, or (y) in the case of any other Class of Loans, zero for the purposes
of this Agreement and the other Loan Documents.

 

“Benchmark Replacement
Conforming Changes” shall mean, 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, applicability and length of lookback periods, the applicability of breakage provisions, and other
technical, administrative or operational matters) that the Administrative Agent decides, in consultation with the Borrower, 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, in consultation with the Borrower,
that no market practice for the administration of such Benchmark Replacement exists, in such other manner of administration as the Administrative
Agent, in consultation with the Borrower, decides is reasonably necessary in connection with the administration of this Agreement and
the other Loan Documents).

 

“Benchmark Replacement
Date” means in the case of a Term SOFR Transition Event, the date that is thirty (30) days after the date a Term SOFR Notice
is provided to the Lenders.

 

“Benchmark Transition
Date” shall have the meaning provided in Section 1.09(e)(i).

 

“Benchmark Transition
Event” shall mean, 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, the regulatory supervisor for the administrator of
such Benchmark, the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, an insolvency official with
jurisdiction over the administrator for such Benchmark, a resolution authority with jurisdiction over the administrator for such Benchmark
or a court or an entity with similar insolvency or resolution authority over the administrator for such Benchmark, announcing or stating
that (a) such administrator 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 or (b) all Available Tenors of such Benchmark are or 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.

 

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

 

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

 

    9

     

    

 

“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 and subject to 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.

 

“Board of Directors”
means as to any Person, the board of directors, board of managers, sole member or managing member or other governing body of such Person,
or if such Person is owned or managed by a single entity or a general partner, the board of directors, board of managers, sole member
or managing member or other governing body of such entity or general partner, or in each case, any duly authorized committee thereof,
and the term “directors” means members of the Board of Directors.

 

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

 

“Borrower Materials”
has the meaning specified in Section 6.02.

 

“Borrowing”
means a Term Borrowing.

 

“Business Day”
means:

 

(1)            any
day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the Laws of the State of New York,
or are in fact closed in, New York City; and

 

(2)            if
such day relates to any interest rate settings as to a Eurodollar Rate Loan, means any such day described in clause (1) above that
is also a London Banking Day.

 

“Capital Stock”
means:

 

(1)            in
the case of a corporation or company, corporate stock or share capital;

 

(2)            in
the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however designated)
of corporate stock;

 

(3)            in
the case of a partnership or limited liability company, partnership or membership interests (whether general or limited); and

 

(4)            any
other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of
assets of, the issuing Person (it being understood and agreed, for the avoidance of doubt, that “cash-settled phantom appreciation
programs” in connection with employee benefits that do not require a dividend or distribution shall not constitute Capital Stock).

 

“Capital Lease”
means, as applied to any Person, any lease of any property (whether real, personal, or mixed) by that Person as lessee that, in conformity
with GAAP, is, or is required to be, accounted for as a finance lease on the balance sheet of that Person.

 

“Capitalized Lease
Obligation” means at the time any determination thereof is to be made, the amount of the liability in respect of a Capital Lease
that would at such time be required to be capitalized and reflected as a liability on a balance sheet (excluding the footnotes thereto)
in accordance with GAAP. For the avoidance of doubt, “Capitalized Lease Obligations” shall not include Non-Financing Lease
Obligations.

 

    10

     

    

 

“Captive Insurance
Subsidiary” means any Subsidiary of the Borrower that is subject to regulation as an insurance company (or any Subsidiary thereof).

 

“Cash-Capped Incremental
Facility” has the meaning specified in Section 2.14(a).

 

“Cash Collateralize”
means to pledge and deposit with or deliver to the Administrative Agent, for the benefit of the Administrative Agent and the Lenders,
as collateral for obligations of Lenders to fund participations in respect thereof, cash, Cash Equivalents (if reasonably acceptable to
the Administrative Agent) or deposit account balances or, if the Administrative Agent benefiting from such collateral shall agree in its
sole discretion, other credit support pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent.
 “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:

 

(1)            Dollars,
Canadian Dollars, Pounds Sterling, Euro, Japanese Yen, the national currency of any Participating Member State of the European Union and,
with respect to any Foreign Subsidiaries, other currencies held by such Foreign Subsidiary in the ordinary course of business;

 

(2)            securities
issued or directly guaranteed or insured by the government of the United States, the United Kingdom, or any country that is a member of
the European Union or any agency or instrumentality thereof in each case with maturities not exceeding two (2) years from the date
of acquisition;

 

(3)            money
market deposits, certificates of deposit, time deposits and eurodollar time deposits with maturities of two (2) years or less from
the date of acquisition, bankers’ acceptances, in each case with maturities not exceeding two (2) years, and overnight bank
deposits, in each case with any commercial bank having capital and surplus in excess of $250,000,000 in the case of domestic banks or
$100,000,000 (or the dollar equivalent thereof) in the case of foreign banks;

 

(4)            repurchase
obligations for underlying securities of the types described in clauses (2) and (3) above and clause (6) below entered
into with any financial institution or securities dealers of recognized national standing meeting the qualifications specified in clause
(3) above;

 

(5)            commercial
paper or variable or fixed rate notes issued by a corporation or other Person (other than an Affiliate of the Borrower) rated at least
 “A-2” or the equivalent thereof by Moody’s or S&P (or reasonably equivalent ratings of another internationally recognized
ratings agency) and in each case maturing within two (2) years after the date of acquisition;

 

(6)            readily
marketable direct obligations issued by any state, commonwealth or territory of the United States of America or any political subdivision
or taxing authority thereof having an Investment Grade Rating from either Moody’s or S&P (or reasonably equivalent ratings of
another internationally recognized ratings agency) in each case with maturities not exceeding two (2) years from the date of acquisition;

 

(7)            Indebtedness
issued by Persons (other than the Sponsor) with a rating of “A” or higher from S&P or “A-2” or higher from
Moody’s (or reasonably equivalent ratings of another internationally recognized ratings agency) in each case with maturities not
exceeding two (2) (years from the date of acquisition, and marketable short-term money market and similar securities having a rating
of at least “A-2” or “P-2” from either S&P or Moody’s (or reasonably equivalent ratings of another internationally
recognized ratings agency);

 

    11

     

    

 

(8)            investment
funds investing at least 95% of their assets in investments of the types described in clauses (1) through (7) above and (9) and
(10) below;

 

(9)            Investments
with average maturities of 12 months or less from the date of acquisition in money market funds rated AAA (or the equivalent thereof)
or better by S&P or Aaa3 (or the equivalent thereof) or better by Moody’s (or reasonably equivalent ratings of another internationally
recognized ratings agency); and

 

(10)          in
the case of investments by any Foreign Subsidiary or investments made in a country outside the United States of America, other investments
of comparable tenor and credit quality to those described in the foregoing clauses (1) through (9) customarily utilized in the
countries where such Foreign Subsidiary is located or in which such investment is made.

 

In the case of Investments
by any Foreign Subsidiary, the term “Cash Equivalents” shall also include (x) Investments of the type and maturity described
in clauses (1) through (10) above of foreign obligors, which Investments or obligors (or the parent companies thereof) have
the ratings described in such clauses or equivalent ratings from comparable foreign rating agencies and (y) other short-term Investments
utilized by Foreign Subsidiaries in accordance with normal investment practices for cash management in Investments that are analogous
to the Investments described in clauses (1) through (10) above and in this paragraph.

 

“Cash Management
Agreement” means any agreement or arrangement to provide Cash Management Services to the Borrower or any Restricted Subsidiary.

 

“Cash Management
Bank” means any Person party to a Cash Management Agreement that is (x) a Lender or an Agent or an Affiliate of a Lender
or an Agent or (y) any other Person designated by the Borrower, in each case, in its capacity as a party to such Cash Management
Agreement; provided that, in the case of clause (y) of this definition, such other Person has delivered to the Collateral
Agent a written notice (1) appointing the Collateral Agent as its agent under the applicable Loan Documents and (2) agreeing
to be bound by Article IX and Sections 10.05, 10.15 and 10.17 as if such Person were a Lender; provided that no Cash Management
Bank shall have any rights in connection with the terms of the Loan Documents or management or release of Collateral or the obligations
of any Loan Party under the Loan Documents, other than in its capacity as an Agent or a Lender.

 

“Cash Management
Services” means any of the following: automated clearing house transactions, treasury and/or cash management services, including,
without limitation, treasury, depository, overdraft, credit, purchasing or debit card, non-card e-payable services, electronic funds transfer,
treasury management services (including controlled disbursement services, overdraft automatic clearing house fund transfer services, return
items and interstate depository network services), cash pooling arrangements, other demand deposit or operating account relationships,
foreign exchange facilities, credit card processing services and merchant services.

 

“Casualty Event”
means any event that gives rise to the receipt by the Borrower or any Loan Party of any casualty insurance proceeds or condemnation awards
or that gives rise to a taking by a Governmental Authority in respect of any equipment, fixed assets or real property (including any improvements
thereon), in each case, not constituting ABL Priority Collateral, to replace, restore or repair, or compensate for the loss of, such equipment,
fixed assets or real property.

 

    12

     

    

 

“Change of Control”
means, and will be deemed to have occurred if, at any time after the consummation of the Acquisition:

 

(a)            at
any time, Holdings ceases to own, directly or indirectly, beneficially or of record, 100% of the issued and outstanding Equity Interests
of the Borrower;

 

(b)            at
any time prior to the consummation of a Qualified IPO, the Permitted Holders, taken together, shall cease to beneficially own (within
the meaning of Rule 13d-5 under the Exchange Act), directly or indirectly, at least a majority of the Voting Stock of Holdings (determined
on a fully diluted basis);

 

(c)            at
any time after the consummation of a Qualified IPO, any person or “group” (within the meaning of Rule 13d-5 under the
Exchange Act, but excluding any employee benefit plan of such person and its subsidiaries and any person or entity acting in its capacity
as trustee, agent or other fiduciary or administrator of any such plan), other than the Permitted Holders, acquires beneficial ownership
(within the meaning of Rule 13d-5 under the Exchange Act) of Voting Stock of Holdings representing both (i) more than 35% of
the aggregate ordinary voting power for the election of directors of Holdings and (ii) more than the percentage of the aggregate
ordinary voting power for the election of directors of Holdings that is at the time beneficially owned (within the meaning of Rule 13d-5
under the Exchange Act), directly or indirectly, by the Permitted Holders, taken together, unless, in the case of clause (b) above
or this clause (c) of this definition of “Change of Control”, the Permitted Holders have, at such time, the right
or the ability by voting power, contract, or otherwise to elect or designate for election at least a majority of the board of directors
(or analogous governing body) of Holdings; or

 

(d)            a
 “change of control” occurs under the ABL Loan Documents or the First Lien Loan Documents;

 

provided
that notwithstanding anything to the contrary in this definition or any provision of the Exchange Act, (A) if any group includes
one or more Permitted Holders, the issued and outstanding Capital Stock of Holdings directly or indirectly owned by Permitted Holders
that are part of such group shall not be treated as being beneficially owned by such group or any other member of such group for purposes
of this definition, (B) a Person or group shall be deemed not to beneficially own securities subject to an equity or asset purchase
agreement, merger agreement, option agreement, warrant agreement or similar agreement (or voting or option or similar agreement related
thereto) until the consummation of the acquisition of the securities in connection with the transactions contemplated by such agreement
and (C) a Person or group will be deemed not to beneficially own the Capital Stock of another Person as a result of its ownership
of Capital Stock or other securities of such other Person’s parent (or related contractual rights) unless it owns 50% or more of
the Voting Stock of such Person’s parent.

 

“Closing Date”
means December 6, 2021.

 

“Code”
means the U.S. Internal Revenue Code of 1986, as amended.

 

“Collateral”
means all of the “Collateral” (or similar term) referred to in the Collateral Documents and all of the other property and
assets that are or are required under the terms of the Collateral Documents to be subject to Liens in favor of the Collateral Agent for
the benefit of the Secured Parties.

 

    13

     

    

 

“Collateral Agent”
means RBC, acting through such of its Affiliates or branches as it may designate, in its capacity as collateral agent under any of the
Loan Documents, or any successor collateral agent permitted by the terms hereof.

 

“Collateral Documents”
means, collectively, the Security Agreement, the Intellectual Property Security Agreement, the Mortgages (if any), each of the mortgages,
control agreements, collateral assignments, Security Agreement Supplements, Intellectual Property Security Agreement Supplements,
security agreements, pledge agreements or other similar agreements delivered to the Collateral Agent pursuant to Section 6.12, Section 6.14
or Section 6.16, and each of the other agreements, instruments or documents that creates or purports to create a Lien in favor of
the Collateral Agent for the benefit of the Secured Parties.

 

“Commitment”
means a Term Commitment.

 

“Committed Loan Notice”
means a notice of (a) a Term Borrowing, (b) a conversion of Loans from one Type to the other or (c) a continuation of Eurodollar
Rate Loans, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit A, or otherwise
in form and substance reasonably acceptable to the Administrative Agent.

 

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

 

“Company Competitor”
means any Person that competes with the business of Holdings, the Borrower and their respective Subsidiaries from time to time.

 

“Compliance Certificate”
means a certificate substantially in the form of Exhibit C or such other form as may be agreed between the Borrower and the
Administrative Agent.

 

“Consolidated Cash
Interest Expense” means, with respect to any Person on a consolidated basis for any period, Consolidated Interest Expense referred
to in clause (a) of the definition thereof (less interest income of such Person and its Restricted Subsidiaries received in cash
during such period) of such Person payable in cash during such period and excluding, for the avoidance of doubt, (i) any non-cash
interest expense and any capitalized interest, whether paid or accrued, (ii) the amortization of original issue discount resulting
from the issuance of Indebtedness at less than par, (iii) amortization of deferred financing costs, debt issuance costs, commissions,
fees and expenses (including agency costs, amendment, consent or other front end, one-off or similar non-recurring fees), (iv) any
expenses resulting from discounting of indebtedness in connection with the application of recapitalization accounting or purchase accounting,
(v) penalties or interest related to taxes and any other amounts of non-cash interest resulting from the effects of acquisition method
accounting or pushdown accounting, (vi) the accretion or accrual of, or accrued interest on, discounted liabilities (other than Indebtedness)
during such period, (vii) non-cash interest expense attributable to the movement of the mark-to-market valuation of obligations under
Swap Contracts pursuant to FASB ASC 815 (or any similar accounting principle), (viii) any one-time cash costs associated with breakage
in respect of Swap Contracts for interest rates, (ix) any payments with respect to make whole premiums, commissions or other breakage
costs of any Indebtedness, (x) all non-recurring interest expense consisting of liquidated damages for failure to timely comply with
registration rights obligations, all as calculated on a consolidated basis in accordance with GAAP, (xi) expensing of bridge, arrangement,
structuring, commitment, fronting or other financing fees, (xii) any interest, expense or other fees or charges incurred with respect
to any Excluded Indebtedness and (xiii) any lease, rental or other expense in connection with any Non-Finance Lease Obligation. For
purposes of this definition, cash interest on Capitalized Lease Obligations will be deemed to accrue at the interest rate reasonably determined
by such Person to be the rate of interest implicit in such Capitalized Lease Obligations in accordance with GAAP.

 

    14

     

    

 

“Consolidated Current
Assets” means, with respect to any Person on a consolidated basis, all assets of such Person and its Restricted Subsidiaries
on a consolidated basis that, in accordance with GAAP, would be classified as current assets on the balance sheet of a company conducting
a business the same as or similar to that of such Person and its Restricted Subsidiaries on a consolidated basis, after deducting appropriate
and adequate reserves therefrom in each case in which a reserve is proper in accordance with GAAP, but excluding (i) cash, (ii) Cash
Equivalents, (iii) Swap Contracts to the extent that the mark-to-market Swap Termination Value would be reflected as an asset on
the consolidated balance sheet of such Person, (iv) deferred financing fees, (v) amounts related to current or deferred taxes
(but excluding assets held for sale, loans (permitted) to third parties, pension assets, deferred bank fees and derivative financial instruments)
(so long as the items described in clauses (iv) and (v) are non-cash items) and (vi) in the event that a Qualified Receivables
Financing is accounted for off balance sheet, (x) gross accounts receivable comprising part of the receivables and other related
assets subject to such Qualified Receivables Financing minus (y) collection by such Person against the amounts sold pursuant to clause
(x).

 

“Consolidated Current
Liabilities” means, with respect to any Person on a consolidated basis, all liabilities in accordance with GAAP that would be
classified as current liabilities on the consolidated balance sheet of such Person, but excluding (a) the current portion of Indebtedness
(including the Swap Termination Value of any Swap Contracts) to the extent reflected as a liability on the consolidated balance sheet
of such Person, (b) the current portion of interest, (c) accruals for current or deferred taxes based on income or profits,
(d) accruals of any costs or expenses related to restructuring reserves or severance, (e) deferred revenue, (f) escrow
account balances, (g) the current portion of pension liabilities, (h) liabilities in respect of unpaid earn-outs, (i) amounts
related to derivative financial instruments and assets held for sale and (j) any letter of credit obligations, swing line loans or
revolving loans under any revolving credit facility.

 

“Consolidated
EBITDA” means, with respect to any Person on a consolidated basis for any period, the Consolidated Net Income of such
Person and its Restricted Subsidiaries for such period:

 

(1)            increased,
in each case (other than with respect to clauses (i), (k), (l), (o), (p), (q) and (s) of this definition) to the extent deducted
and not added back or excluded in calculating such Consolidated Net Income (and without duplication), by:

 

(a)            provision
for taxes based on income, profits or capital, including federal, state, franchise, excise, property and similar taxes and foreign withholding
taxes paid or accrued, including any penalties and interest with respect thereto, and state taxes in lieu of business fees (including
business license fees) and payroll tax credits, income tax credits and similar credits and including an amount equal to the amount of
tax distributions actually made to the holders of Equity Interests of such Person or its Restricted Subsidiaries or any direct or indirect
parent of such Person or its Restricted Subsidiaries in respect of such period (in each case, to the extent attributable to the operations
of such Person and its Subsidiaries), which shall be included as though such amounts had been paid as income taxes directly by such Person
or its Restricted Subsidiaries; plus

 

(b)            total
interest expense and, to the extent not reflected in such total interest expense, any losses on Swap Obligations or other derivative instruments
entered into for the purpose of hedging interest rate risk, net of interest income and gains on such Swap Obligations or such derivative
instruments, and bank and letter of credit fees, letter of guarantee and bankers’ acceptance fees and costs of surety bonds in connection
with financing activities, together with items excluded from the definition of “Consolidated Interest Expense” pursuant to
the definition thereof (other than clause (13) thereof); plus

 

    15

     

    

 

(c)            all
depreciation and amortization charges and expenses, including amortization or expense recorded for upfront payments related to any contract
signing and signing bonus and incentive payments; plus

 

(d)            the
amount of any minority interest expense consisting of income attributable to minority equity interests of third parties in any Restricted
Subsidiary of such Person that is not a Wholly Owned Restricted Subsidiary of such Person; plus

 

(e)            the
amount of (i) management, monitoring, consulting, transaction and advisory fees (including termination fees) and related indemnities,
charges and expenses paid or accrued to or on behalf of any direct or indirect parent of the Borrower or any of the Permitted Holders,
in each case, to the extent permitted by Section 6.18 and (ii) fees, expenses and indemnities paid to members of the board of
directors of the Borrower or any direct or indirect parent of the Borrower; plus

 

(f)            earn-out
obligations incurred in connection with any acquisition or other Investment and paid or accrued during the applicable period, including
any mark to market adjustments; plus

 

(g)            all
charges, costs, expenses, accruals or reserves in connection with the rollover, acceleration or payout of equity interests and all losses,
charges and expenses related to payments made to holders of options or other derivative equity interests in the common equity of such
Person or any direct or indirect parent of such Person in connection with, or as a result of, any distribution being made to equityholders
of such Person or any of its direct or indirect parents, which payments are being made to compensate such optionholders as though they
were equityholders at the time of, and entitled to share in, such distribution; plus

 

(h)            all
non-cash losses, charges and expenses, including any write-offs or write-downs, non-cash compensation expenses, non-cash translation losses,
changes in reserves for earnouts and similar obligations and non-cash expenses relating to the vesting of warrants; provided that
if any such non-cash loss, charge or expense represents an accrual or reserve for potential cash items in any future period, (i) such
Person may determine not to add back such non-cash loss, charge or expense in the period for which Consolidated EBITDA is being calculated
and (ii) to the extent such Person does decide to add back such non-cash loss, charge or expense, the cash payment in respect thereof
in such future four-fiscal quarter period will be subtracted from Consolidated EBITDA for such future four-fiscal quarter period; plus

 

(i)            (i) all
costs and expenses in connection with pre-opening and opening and closure and/or consolidation of facilities that were not already excluded
in calculating such Consolidated Net Income and (ii) charges (including branch operating losses) related to any de novo facility,
including any construction, pre-opening and start-up period prior to opening, until such facility has been open and operating for a period
of 12 consecutive months); plus

 

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(j)            restructuring
charges (including tax restructurings), accruals or reserves and business optimization expense, including any restructuring costs and
integration costs incurred in connection with the Transactions and any other acquisitions (including
duplicative costs and increased costs in respect of any transition services agreement (including the Transition Arrangements), in each
case resulting from the transition of the Target Business to a subsidiary or integrated business of the Borrower, and exit, separation,
transition and integration charges, expenses, losses or special items associated with the separation of the Target Business from the consolidated
business of the Sellers), start-up costs (including entry into new market/channels and new service offerings), new operation costs,
software and other intellectual property development costs, new contract or corporate development costs, costs relating to entering or
exiting a market, unused warehouse space costs, costs related to the closure, relocation, shutdown, reconfiguration, pre-opening and opening,
expansion and/or consolidation of facilities and offices (including termination costs, moving costs and legal costs) and costs to relocate
employees, any employee ramp-up charges or any charges related to underutilized personnel (including duplicative personnel), integration
and transaction costs, retention charges, severance, contract termination costs (including costs relating to early termination of rights
fee arrangements), recruiting and signing bonuses and expenses, future lease commitments, systems establishment costs, conversion costs
and excess pension charges and consulting fees, expenses attributable to the implementation or undertaking of costs savings initiatives,
new initiatives, cost rationalization programs, operating expense reductions, synergies and/or similar initiatives or programs (including,
without limitation, in connection with any inventory optimization program, any implementation of operational and reporting systems and
technology initiatives (including any expense relating to the implementation of enhanced accounting or IT functions or new system designs)),
costs associated with tax projects/audits and costs consisting of professional consulting or other fees relating to any of the foregoing;
plus

 

(k)            Pro
Forma Cost Savings; provided that such Pro Forma Cost Savings added back pursuant to clause (B) of the definition thereof
(excluding any such Pro Forma Cost Savings that result from mergers and other business combinations, acquisitions, investments, dispositions
or other sales of assets, the discontinuance of activities or operations or other specified transactions, restructurings, cost savings
initiatives, operating initiatives or operating improvements, in each case, occurring prior to the Closing Date) under this clause (k) in
any Test Period, when aggregated with (X) the amount of any increase in Consolidated EBITDA for such Test Period as a result of Pro
Forma Revenue Synergies (excluding any such Pro Forma Revenue Synergies that result from actions or initiatives undertaken prior to the
Closing Date) added pursuant to clause (s) of the definition of Consolidated EBITDA and (Y) the amount of any increase in Consolidated
EBITDA for such Test Period as a result of any “run-rate” cost savings, operating expense reductions and synergies added pursuant
to clause (x) of the definition of “Pro Forma Basis” (excluding any such “run-rate” cost savings, operating
expense reductions and synergies that either (A) are related to the Transactions or (B) result from, or are related to, mergers
and other business combinations, acquisitions, Investments, dispositions or other sales of assets, the discontinuance of activities
or operations or other specified transactions, operating improvements or purchasing improvements and other initiatives, in each case under
this sub-clause (B), occurring prior to the Closing Date), shall not exceed an aggregate amount equal to 30.0% of Consolidated EBITDA
of the Borrower (calculated after giving effect to all add-backs and adjustments (including all add-backs and adjustments subject to this
cap)); plus

 

(l)            amounts
included on Schedule 1.01(a), attached hereto, to the extent such amounts, or amounts of similar type and nature to those listed
on Schedule 1.01(a), without duplication, continue to be applicable during such period; plus

 

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(m)            the
amount of loss or discount on sale of receivables and related assets in connection with a Receivables Financing or factoring transaction;
plus

 

(n)            with
respect to any joint venture that is not a Restricted Subsidiary, an amount equal to the proportion of those items described in clauses
(a), (b) and (c) above relating to such joint venture corresponding to such Person’s and the Restricted Subsidiaries’
proportionate share of such joint venture’s Consolidated Net Income (determined as if such joint venture were a Restricted Subsidiary)
solely to the extent Consolidated Net Income was reduced thereby; plus

 

(o)            adjustments
calculated in accordance with Regulation S-X; plus

 

(p)            adjustments
(w) evidenced by, contained in, or of the type contained in, the quality of earnings report with respect to the Transactions prepared
by CDS, dated August 31, 2021, (x) identified or set forth in any quality of earnings report in connection with any acquisition
or other Permitted Investment conducted by financial advisors (which financial advisors are (A) nationally recognized or (B) reasonably
acceptable to the Administrative Agent (it being understood that the “Big Four” accounting firms are acceptable) and retained
by the Borrower, (y) identified or set forth in the Public Lender Presentation, dated October 2021, made available in connection
with the initial syndication of the First Lien Term Loans or (z) approved by the Administrative Agent; plus

 

(q)            add
backs and adjustments contained in, or of the type contained in, the Financial Model (including, for the avoidance of doubt, add backs
and adjustments of the same type in future periods); plus

 

(r)            [reserved];
plus

 

(s)            Pro
Forma Revenue Synergies; provided that such Pro Forma Revenue Synergies (excluding any such Pro Forma Revenue Synergies that result
from actions or initiatives undertaken prior to the Closing Date) added pursuant to this clause (s) in any Test Period, when aggregated
with (X) the amount of any increase in Consolidated EBITDA for such Test Period as a result of Pro Forma Cost Savings pursuant to
clause (B) of the definition thereof (excluding any such Pro Forma Cost Savings that result from mergers and other business combinations,
acquisitions, investments, dispositions or other sales of assets, the discontinuance of activities or operations or other specified transactions,
restructurings, cost savings initiatives, operating initiatives or operating improvements, in each case, occurring prior to the Closing
Date) added back under clause (k) of the definition of Consolidated EBITDA for such Test Period and (Y) the amount of any increase
in Consolidated EBITDA for such Test Period as a result of any “run-rate” cost savings, operating expense reductions
and synergies added pursuant to clause (x) of the definition of “Pro Forma Basis” (excluding any such “run-rate”
cost savings, operating expense reductions and synergies that either (A) are related to the Transactions or (B) result from,
or are related to, mergers and other business combinations, acquisitions, Investments, dispositions or other sales of assets, the
discontinuance of activities or operations or other specified transactions, operating improvements or purchasing improvements and other
initiatives, in each case under this sub-clause (B), occurring prior to the Closing Date), shall not exceed an aggregate amount equal
to 30.0% of Consolidated EBITDA of the Borrower (calculated after giving effect to all add-backs and adjustments (including all add-backs
and adjustments subject to this cap)); plus

 

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(t)            the
amount of any costs or expenses incurred on or prior to the Closing Date that are allocated to the Target Business (or otherwise to the
Borrower and its Restricted Subsidiaries) in connection with corporate allocations made between the Borrower and its Subsidiaries, on
the one hand, and the businesses of the Seller Entities (as defined in the Purchase Agreement) and their Affiliates (other than the Target
Business, the Borrower and its Restricted Subsidiaries) (prior to giving effect to the Acquisition) (the “Post-Contribution Seller
Business”), on the other hand, in each case, to the extent in excess of the costs or expenses incurred by the Target Business
on a “carveout” basis (after giving effect to the Acquisition and separation of the Target Business from the Pre-Contribution
Seller Business); plus

 

(u)            exit,
separation, transition and stand-alone charges, expenses or losses associated with the separation of the Target Business from the consolidated
business of the Seller Entities and their Affiliates (after giving effect to the Acquisition) (the “Pre-Contribution Seller Business”);

 

(2)            decreased
(without duplication and to the extent increasing such Consolidated Net Income for such period) by (i) non-cash gains or income,
excluding any non-cash gains that represent the reversal of any accrual of, or cash reserve for, anticipated cash charges that were deducted
(and not added back) in the calculation of Consolidated EBITDA for any prior period ending after the Closing Date; provided that
if any such non-cash gains or income relates to a potential cash items in any future period, (x) such Person may determine not to
deduct such non-cash gain or income in the period for which Consolidated EBITDA is being calculated and (y) to the extent such Person
does not decide to deduct such non-cash gain or income, the cash received in respect thereof in such future four-fiscal quarter period
will be deducted from Consolidated EBITDA for such future four-fiscal quarter period; and (ii) the amount of any minority interest
income consisting of a Subsidiary loss attributable to minority equity interest of third parties in any non-Wholly Owned Subsidiary (to
the extent not deducted from Consolidated Net Income for such period);

 

(3)            increased
(with respect to losses) or decreased (with respect to gains) by, without duplication, any net gains and losses relating to (i) amounts
denominated in foreign currencies resulting from the application of FASB ASC 830 (including net gains and losses from exchange rate fluctuations
on intercompany balances and balance sheet items, net of realized gains or losses from related Swap Contracts (entered into in the ordinary
course of business or consistent with past practice)) or (ii) any other amounts denominated in or otherwise trued-up to provide similar
accounting as if it were denominated in foreign currencies; and

 

(4)            increased
(with respect to losses) or decreased (with respect to gains) by, without duplication, any gain or loss relating to Swap Contracts;

 

provided
that the Borrower may, in its sole discretion, elect to not make any adjustment for any item pursuant to the foregoing clauses (1) through
(4) above if any such item individually is less than $1,500,000 in any fiscal quarter.

 

“Consolidated First
Lien Net Leverage Ratio” means, on any date of determination, with respect to the Group Parties on a consolidated basis, the
ratio of (a) Consolidated Funded First Lien Indebtedness (less the Unrestricted Cash Amount) of the Group Parties on such date, calculated
on a Pro Forma Basis to (b) Consolidated EBITDA of the Group Parties for the Test Period most recently then ended, calculated on
a Pro Forma Basis.

 

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“Consolidated Funded
First Lien Indebtedness” means Consolidated Funded Indebtedness that is Senior Lien Debt. For the avoidance of doubt, (i) Consolidated
Funded First Lien Indebtedness shall not include Capitalized Lease Obligations other than those that are secured on an equal priority
basis with the Liens on the Collateral securing the First Lien Obligations and (ii) Consolidated Funded First Lien Indebtedness shall
include all ABL Obligations that constitute Consolidated Funded Indebtedness.

 

“Consolidated
Funded Indebtedness” means all third-party Indebtedness in respect of borrowed money and Capitalized Lease Obligations of a
Person and its Restricted Subsidiaries on a consolidated basis, in an amount that would be reflected on a balance sheet prepared as of
such date on a consolidated basis in accordance with GAAP (but (x) excluding the effects of any discounting of Indebtedness resulting
from the application of purchase accounting in connection with the Transactions or any acquisition, (y) any
Indebtedness that is issued at a discount to its initial principal amount shall be calculated based on the entire stated principal amount
thereof, without giving effect to any discounts or upfront payments and (z) excluding obligations in respect of letters of
credit, bank guarantees, and guarantees on first demand, in each case, except to the extent of unreimbursed amounts thereunder). For the
avoidance of doubt, it is understood that obligations (i) under Swap Contracts, Cash Management Agreements, and any Receivables Financing
and (ii) owed by Unrestricted Subsidiaries, do not constitute Consolidated Funded Indebtedness.

 

“Consolidated Funded
Secured Indebtedness” means Consolidated Funded Indebtedness that is secured by a Lien on the Collateral.

 

“Consolidated Interest
Coverage Ratio” means, on any date of determination, with respect to the Group Parties on a consolidated basis, the ratio of
(1) Consolidated EBITDA of the Group Parties for the Test Period most recently then ended, calculated on a Pro Forma Basis to (2) the
Consolidated Cash Interest Expense of the Group Parties for the Test Period most recently then ended, calculated on a Pro Forma Basis.

 

“Consolidated Interest
Expense” means, with respect to any Person on a consolidated basis for any period, without duplication, the cash interest expense
(including that attributable to Capitalized Lease Obligations), net of cash interest income, with respect to Indebtedness of such Person
and its Restricted Subsidiaries for such period, other than Indebtedness that is non-recourse to the Borrower and its Restricted Subsidiaries
(“Non-Recourse Indebtedness”), including commissions, discounts and other fees and charges owed with respect to letters
of credit and bankers’ acceptance financing and net cash costs under hedging agreements (other than in connection with the early
termination thereof);

 

excluding, in each case:

 

(1)            amortization
of deferred financing costs, debt issuance costs, commissions, fees and expenses and any other amounts of non-cash interest (including
as a result of the effects of acquisition method accounting or pushdown accounting),

 

(2)            interest
expense attributable to the movement of the mark-to-market valuation of obligations under Swap Obligations or other derivative instruments,
including pursuant to FASB Accounting Standards Codification Topic 815, Derivatives and Hedging,

 

(3)            costs
associated with incurring or terminating Swap Obligations and cash costs associated with breakage in respect of hedging agreements for
interest rates,

 

(4)            commissions,
discounts, yield, make-whole premium and other fees and charges (including any interest expense) incurred in connection with any Non-Recourse
Indebtedness,

 

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(5)            “additional
interest” owing pursuant to a registration rights agreement with respect to any securities,

 

(6)            any
payments with respect to make-whole premiums or other breakage costs of any Indebtedness, including any Indebtedness issued in connection
with the Transactions,

 

(7)            penalties
and interest relating to Taxes,

 

(8)            accretion
or accrual of discounted liabilities not constituting Indebtedness,

 

(9)            interest
expense attributable to a Parent Holdings Company resulting from push-down accounting,

 

(10)          any
expense resulting from the discounting of Indebtedness in connection with the application of recapitalization or purchase accounting,

 

(11)          any
interest expense attributable to the exercise of appraisal rights and the settlement of any claims or actions (whether actual, contingent
or potential) with respect thereto in connection with the Transactions, any acquisition or Investment,

 

(12)          annual
agency fees paid to any administrative agents, collateral agents and trustees with respect to any secured or unsecured loans, debt facilities,
debentures, bonds, commercial paper facilities, revolving credit facilities or other forms of Indebtedness (including any security or
collateral trust arrangements related thereto),

 

(13)          any
interest expense or other fees or charges incurred with respect to any Escrowed Obligations (for the avoidance of doubt, so long as such
Escrowed Obligations are held in Escrow), and

 

(14)          any
lease, rental or other expense in connection with a Non-Finance Lease.

 

For purposes of this definition,
interest on a Capitalized Lease Obligation will be deemed to accrue at an interest rate reasonably determined by such Person to be the
rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP.

 

“Consolidated Net
Income” means, with respect to any Person on a consolidated basis for any period, the aggregate of the net income (or loss)
of such Person and its Restricted Subsidiaries for such period, calculated on a consolidated basis in accordance with GAAP and before
any reduction in respect of Preferred Stock dividends; provided that (without duplication):

 

(a)            all
net after-tax extraordinary, special, nonrecurring, infrequent, exceptional or unusual (as determined by the Borrower in good faith) gains,
losses, income, expenses and charges, and in any event including, without limitation, all restructuring, severance, relocation, retention
and completion bonuses or payments, consolidation, integration or other similar charges and expenses, contract termination costs, system
establishment charges, conversion costs, start-up or closure or transition costs, expenses related to any reconstruction, decommissioning,
recommissioning or reconfiguration of fixed assets for alternative uses, fees, expenses or charges relating to curtailments, settlements
or modifications to pension and post-retirement employee benefit plans, expenses associated with strategic initiatives, office and facilities
shutdown and opening costs, and any fees, expenses, charges or change of control payments related to the Transactions or any acquisition
or Investment (including any transition-related expenses (including retention or transaction-related bonuses or payments) incurred before,
on or after the Closing Date), will be excluded;

 

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(b)            all
(i) losses, charges and expenses related to the Transactions, (ii) transaction fees, accruals, costs and expenses (including
rationalization, legal, tax, structuring and other costs and expenses) incurred in connection with the consummation of any equity issuances,
dividends, investments, acquisitions, dispositions, recapitalizations, mergers, consolidations, amalgamations, option buyouts, exchange
of equity interest, the early extinguishment of debt, hedging agreements or other derivative instruments, refinancing transactions, and
the Incurrence, exchange, modification or repayment of Indebtedness permitted to be Incurred under this Agreement (including any Refinancing
Indebtedness in respect thereof), the ABL Credit Agreement, the First Lien Credit Agreement or any amendments, waivers or other modifications
under the agreements relating to such Indebtedness or similar transactions, in each case whether or not such transaction was successfully
completed, and (iii) without duplication of any of the foregoing, non-operating or non-recurring professional fees, costs and expenses
for such period will be excluded;

 

(c)            all
net after-tax income, loss, expense or charge from abandoned, closed or discontinued operations and any net after-tax gain or loss on
the disposal of abandoned, closed or discontinued operations (and all related expenses) (but if such operations are classified as abandoned,
closed or discontinued due to the fact that they are being held for sale or are subject to an agreement to dispose, abandon, divest or
terminate such operations, only when and to the extent such operations are actually disposed, abandoned, divested or terminated) will
be excluded;

 

(d)            all
net after-tax gain, loss, expense or charge attributable to business dispositions and asset dispositions, including the sale or other
disposition of any Equity Interests of any Person, other than in the ordinary course of business (as determined in good faith by such
Person), will be excluded;

 

(e)            all
net after-tax income, loss, expense or charge attributable to the early extinguishment or cancellation of Indebtedness, Swap Contracts
or other derivative instruments (including deferred financing costs written off and premiums paid) will be excluded;

 

(f)            all
non-cash gains, losses, expenses or charges attributable to the movement in the mark-to-market valuation of Indebtedness, Swap Contracts
or other derivative instruments will be excluded;

 

(g)            any
non-cash or unrealized currency translation gains and losses related to changes in currency exchange rates (including re-measurements
of Indebtedness and any net loss or gain resulting from Swap Contracts for currency exchange risk), will be excluded;

 

(h)            (i) the
net income for such period of any Person that is not a Restricted Subsidiary of the referent Person or that is accounted for by the equity
method of accounting, will be included only to the extent of the amount of dividends or distributions to the referent Person or a Restricted
Subsidiary thereof in respect of such period; and (ii) the net income for such period will include any dividends or distributions
received from any such Person during such period in excess of the amounts included in subclause (i) above;

 

(i)            the
cumulative effect of a change in accounting principles and changes as a result of the adoption or modification of accounting policies
will be excluded;

 

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(j)            the
effects of adjustments (including the effects of such adjustments pushed down to the referent Person and its Restricted Subsidiaries)
(including in the inventory, property and equipment, rights, fee arrangements, software, goodwill, intangible assets, in-process research
and development, deferred revenue, advanced billings, leases and debt line items thereof) resulting from the application of purchase accounting,
fair value accounting or recapitalization accounting in relation to the Transactions or any acquisition consummated before or after the
Closing Date, and the amortization, write-down or write-off of any amounts thereof, net of taxes, will be excluded;

 

(k)            all
non-cash impairment charges and asset write-ups, write-downs and write-offs, in each case pursuant to GAAP, and the amortization of intangibles
arising from the application of GAAP will be excluded;

 

(l)            all
non-cash expenses realized in connection with or resulting from equity or equity-linked compensation plans, employee benefit plans or
agreements or post-employment benefit plans or agreements, or grants or sales of stock, stock appreciation or similar rights, stock options
and other equity-based compensation, restricted stock, preferred stock or other similar rights will be excluded;

 

(m)            any
costs or expenses incurred in connection with the payment of dividend equivalent rights to option holders pursuant to any management equity
plan, stock option plan or any other management or employee benefit plan or agreement or post-employment benefit plan or agreement will
be excluded;

 

(n)            accruals
and reserves for liabilities or expenses that are established or adjusted as a result of (i) the Transactions within 12 months after
the Closing Date or (ii) any permitted acquisition within 12 months after the date of such acquisition will be excluded;

 

(o)            all
amortization and write-offs of deferred financing fees, debt issuance costs, commissions, fees and expenses, costs of surety bonds, charges
owed with respect to letters of credit, bankers’ acceptances or similar facilities, and expensing of any bridge, commitment or other
financing fees (including in connection with a transaction undertaken but not completed), will be excluded;

 

(p)            all
discounts, commissions, fees and other charges (including interest expense) associated with any Receivables Financing will be excluded;

 

(q)            the
effects of any revaluation of inventory (including any impact of changes of inventory valuation policy methods including changes in capitalization
of variances) or other inventory adjustments will be excluded;

 

(r)             expenses
and lost profits with respect to liability or casualty events or business interruption will be excluded to the extent covered by insurance
and actually reimbursed, or, so long as such Person has made a determination that there exists reasonable evidence that such amount will
in fact be reimbursed by the insurer, but only to the extent that such amount (i) has not been denied by the applicable carrier in
writing and (ii) is in fact reimbursed within 365 days of the date on which such liability was discovered or such casualty event
or business interruption occurred (with a deduction for any amounts so added back that are not reimbursed within such 365-day period);
provided that any proceeds of such reimbursement when received will be excluded from the calculation of Consolidated Net Income
to the extent the expense or lost profit reimbursed was previously excluded pursuant to this clause (r);

 

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(s)            the
amount of any fee, cost, charge, expense or reserve to the extent actually reimbursed or reimbursable by third parties pursuant to indemnification
or reimbursement provisions or similar agreements or insurance will be excluded so long as such Person has made a determination that there
exists reasonable evidence that such amount will in fact be reimbursed, but only to the extent that such amount is in fact reimbursed
within 365 days of the date on which the underlying event giving rise to such indemnification or reimbursement was discovered (with a
deduction for any amounts so added back that are not reimbursed within such 365-day period); provided that any proceeds of such
reimbursement when received will be excluded from the calculation of Consolidated Net Income to the extent the fee, cost, charge or expense
reimbursed was previously excluded pursuant to this clause (s);

 

(t)            non-cash
charges or income relating to increases or decreases of deferred tax asset valuation allowances will be excluded;

 

(u)           cash
dividends or returns of capital from Investments received during such period, to the extent not otherwise included in Consolidated Net
Income for that period or any prior period subsequent to the Closing Date will be included;

 

(v)           solely
for the purpose of determining the amount available for Restricted Payments under clause (c) of the first paragraph of Section 7.05,
and without duplication of provisions under clause (c) of the first paragraph of Section 7.05 with respect to returns on Investments,
the net income (or loss) for such period of any Restricted Subsidiary (other than a Guarantor) will be excluded to the extent that the
declaration or payment of dividends or similar distributions by that Restricted Subsidiary is not at the date of determination permitted
without any prior governmental approval (which has not been obtained) or, directly or indirectly, by the operation of its charter or any
agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Restricted Subsidiary
or its stockholders, unless such restriction with respect to the payment of dividends or similar distributions has been legally waived;
provided that Consolidated Net Income of such Person will be increased by the amount of dividends or other distributions or other
payments actually paid in cash (or to the extent converted into cash) to such Person or any of its Restricted Subsidiaries in respect
of such period, to the extent not already included therein (subject, in the case of a dividend to another Restricted Subsidiary (other
than a Guarantor), to the limitation contained in this clause);

 

(w)          any
Public Company Costs will be excluded;

 

(x)            any
(a) severance or relocation costs or expenses, (b) one-time non-cash compensation charges, (c) the costs and expenses related
to employment of terminated employees, or (d) costs or expenses realized in connection with or resulting from stock appreciation
or similar rights, stock options or other rights of officers, directors and employees, in each case of such Person or any of its Restricted
Subsidiaries, shall be excluded;

 

(y)           any
non-cash interest expense and non-cash interest income, in each case to the extent there is no associated cash disbursement or receipt,
as the case may be, before the Latest Maturity Date of any then outstanding Term Loan Tranche, shall be excluded; and

 

(z)            losses,
expenses or charges arising from any litigation, legal settlements, fines, judgments or orders and any accruals or reserves in respect
thereof will be excluded;

 

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provided
that the Borrower may, in its sole discretion, elect to not make any adjustment for any item pursuant to clauses (a) through (z) above
if any such item individually is less than $1,500,000 in any fiscal quarter.

 

For the purpose of Section 7.05
only, there shall be excluded from Consolidated Net Income any income arising from the sale or other disposition of Restricted Investments,
from repurchases or redemptions of Restricted Investments, from repayments of loans or advances which constituted Restricted Investments
or from any dividends, repayments of loans or advances or other transfers of assets from Unrestricted Subsidiaries, in each case to the
extent such amounts increase the amount of Restricted Payments permitted under clause (c)(v) or (c)(vi) of the first paragraph
of Section 7.05.

 

“Consolidated Net
Tangible Assets” means the aggregate amount of assets (including deferred tax assets (without reducing such deferred tax assets
by deferred tax liabilities), and less applicable reserves and other properly deductible items) after deducting therefrom all goodwill,
trade names, trademarks, patents, unamortized debt discount and expense, investments and other like intangibles, all as set forth in the
most recent consolidated balance sheet of the Group Parties, calculated on a Pro Forma Basis.

 

“Consolidated Secured
Net Leverage Ratio” means, on any date of determination, with respect to the Group Parties on a consolidated basis, the ratio
of (a) Consolidated Funded Secured Indebtedness (less the Unrestricted Cash Amount) of the Group Parties on such date, calculated
on a Pro Forma Basis to (b) Consolidated EBITDA of the Group Parties for the Test Period most recently then ended, calculated on
a Pro Forma Basis.

 

“Consolidated Total
Net Leverage Ratio” means, on any date of determination, with respect to the Group Parties on a consolidated basis, the ratio
of (a) Consolidated Funded Indebtedness (less the Unrestricted Cash Amount) of the Group Parties on such date, calculated on a Pro
Forma Basis to (b) Consolidated EBITDA of the Group Parties for the Test Period most recently then ended, calculated on a Pro Forma
Basis.

 

“Contingent Obligations”
means, with respect to any Person, any obligation of such Person guaranteeing any leases, dividends or other obligations that do not constitute
Indebtedness (“primary obligations”) of any other Person (the “primary obligor”) in any manner,
whether directly or indirectly, including, without limitation, any obligation of such Person, whether or not contingent:

 

(1)            to
purchase any such primary obligation or any property constituting direct or indirect security therefor,

 

(2)            to
advance or supply funds:

 

(a)            for
the purchase or payment of any such primary obligation; or

 

(b)            to
maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor;
or

 

(3)            to
purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability
of the primary obligor to make payment of such primary obligation against loss in respect thereof.

 

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

 

    25

     

    

 

“Contribution Indebtedness”
means Indebtedness of the Borrower or any Restricted Subsidiary in an aggregate principal amount not greater than 100% of the aggregate
amount of contributions (other than Excluded Contributions, any amounts applied to make Restricted Payments permitted under clause (c)(ii) or
(c)(iii) of the first paragraph of Section 7.05 and any amounts applied pursuant to clause (14) of the definition of “Permitted
Investments”) made to the capital of the Borrower (other than any such contributions applied to cure any default under any “equity
cure” provisions with respect to any financial covenant under the ABL Credit Agreement) or any Restricted Subsidiary (other than,
in the case of such Restricted Subsidiary, contributions by the Borrower or any other Restricted Subsidiary to its capital) after the
Closing Date.

 

“Controlled Foreign
Subsidiary” means any Subsidiary of the Borrower that is a “controlled foreign corporation” within the meaning of
Section 957 of the Code.

 

“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).

 

“Covered Party”
has the meaning specified in Section 10.24(a).

 

“Credit Agreement”
means (i) this Agreement and (ii) whether or not this Agreement remains outstanding, if designated by the Borrower to be included
in the definition of “Credit Agreement,” one or more (A) debt facilities, indentures or commercial paper facilities providing
for revolving credit loans, term loans, notes, debentures, receivables financing (including through the sale of receivables to lenders
or to special purpose entities formed to borrow from lenders against such receivables) or letters of credit, (B) debt securities,
notes, mortgages, guarantees, collateral documents, indentures or other forms of debt financing (including convertible or exchangeable
debt instruments or bank guarantees or bankers’ acceptances), or (C) instruments or agreements evidencing any other Indebtedness,
in each case, with the same or different borrower(s) or issuer(s) and, in each case, as amended, supplemented, modified, extended,
restructured, renewed, refinanced, restated, increased (provided that such increase in borrowings is permitted under this Agreement),
replaced or refunded in whole or in part from time to time and whether by the same or any other agent, lender or investor or group of
lenders or investors.

 

“Daily Simple SOFR”
shall mean, 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 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, in consultation with the Borrower, may establish another convention
in its reasonable discretion.

 

“Debt Fund Affiliate”
means any Affiliate of the Sponsor (other than Holdings and its Subsidiaries) that is primarily engaged in, or advises funds or other
investment vehicles that are engaged in, making, purchasing, holding or otherwise investing in commercial loans, bonds and similar extensions
of credit or securities in the ordinary course. Notwithstanding the foregoing, in no event shall a Natural Person be a Debt Fund Affiliate.

 

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

 

    26

     

    

 

“Declined Amounts”
has the meaning specified in Section 2.05(c).

 

“Declining Lender”
has the meaning specified in Section 2.05(c).

 

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

 

“Default Rate”
means an interest rate equal to (after as well as before judgment), (a) with respect to any overdue principal or interest for any
Loan, the applicable interest rate for such Loan plus 2.00% per annum (provided that with respect to Eurodollar Rate Loans, the
determination of the applicable interest rate is subject to Section 2.02(d) to the extent that Eurodollar Rate Loans may not
be converted to, or continued as, Eurodollar Rate Loans, pursuant thereto) and (b) with respect to any other overdue amount, the
interest rate applicable to Base Rate Loans plus 2.00% per annum, in each case, to the fullest extent permitted by applicable Laws.

 

“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.

 

“Defaulting Lender”
means, subject to Section 2.17(b), any Lender that (a) has failed to perform any of its funding obligations hereunder, including
in respect of its Loans within three (3) Business Days of the date required to be funded by it hereunder, (b) has notified the
Borrower or the Administrative Agent that it does not intend to comply with its funding obligations or has made a public statement to
that effect with respect to its funding obligations hereunder, (c) has failed, within three (3) Business Days after reasonable
request by the Administrative Agent or the Borrower, to confirm in a manner satisfactory to the Administrative Agent and the Borrower
that it will comply with its funding obligations or (d) has, or has a direct or indirect parent company that has, other than via
an Undisclosed Administration, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) had a receiver, conservator,
trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business
or a custodian appointed for it, (iii) taken any action in furtherance of, or indicated its consent to, approval of or acquiescence
in any such proceeding or appointment or (iv) become the subject of a Bail-in Action; provided that no Lender shall be a Defaulting
Lender solely by virtue of (x) the ownership or acquisition by a Governmental Authority of any Equity Interest in that Lender or
any direct or indirect parent company thereof 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, or (y) the occurrence of any of the events described in clause (d)(i), (d)(ii) or (d)(iii) of this definition which
in each case has been dismissed or terminated prior to the date of this Agreement. 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 2.17(b)) upon delivery of written notice
of such determination to the Borrower and each Lender.

 

“Designated Funding
Commitments” means any commitment to make loans or extend credit on a revolving basis (including commitments under a revolving
credit facility) or delayed draw basis to Borrower or any Restricted Subsidiary by any Person other than Borrower or any Restricted Subsidiary,
or any commitment by any Person other than Borrower or any Restricted Subsidiary to purchase Disqualified Stock or Preferred Stock issued
by Borrower or any Restricted Subsidiary on a delayed basis, in each case, that have been specifically designated as a Designated Funding
Commitment pursuant to a certificate executed by an Responsible Officer of the Borrower and delivered to the Administrative Agent, in
each case, until such time as the Borrower delivers a certificate executed by a Responsible Officer of the Borrower specifically designating
such Designated Funding Commitment as no longer constituting a Designated Funding Commitment for purposes of this Agreement.

 

    27

     

    

 

“Designated Non-Cash
Consideration” means the Fair Market Value of non-cash consideration received by the Borrower or any of the Restricted Subsidiaries
in connection with a Disposition made pursuant to Section 7.04(2)(c) that is designated as “Designated Non-Cash Consideration”
pursuant to a certificate of a Responsible Officer of the Borrower, less the amount of cash or Cash Equivalents received in connection
with a subsequent sale of or collection on such Designated Non-Cash Consideration.

 

“Designated Preferred
Stock” means Preferred Stock of Holdings or any direct or indirect parent of Holdings, as applicable (other than Excluded Equity),
that is issued after the Closing Date for cash and is so designated as Designated Preferred Stock, pursuant to an officer’s certificate
of the Borrower, on the issuance date thereof, the cash proceeds of which are contributed to the capital of the Borrower and do not increase
the amount available to make Restricted Payments permitted under clause (c)(ii) of the first paragraph of Section 7.05.

 

“Discount Range”
has the meaning specified in the definition of “Dutch Auction.”

 

“Disinterested Director”
means, with respect to any Affiliate Transaction, a member of the Board of Directors of the Borrower, Holdings or any Parent Holding Company
having no material direct or indirect financial interest in or with respect to such Affiliate Transaction. A member of the Board of Directors
of the Borrower, Holdings or any Parent Holding Company shall not be deemed to have such a financial interest by reason of such member’s
holding Capital Stock of Holdings or any options, warrants or other rights in respect of such Capital Stock.

 

“Disposition”
or “Dispose” means the sale, transfer, license, lease or other disposition of any property by any Person (including
any sale and leaseback transaction and any issuance of Capital Stock by a Restricted Subsidiary of such 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;
provided, however, that “Disposition” and “Dispose” shall not be deemed to include any issuance by Holdings of
any of its Capital Stock to another Person.

 

“Disqualified
Institution” means (a) each person identified as a “Disqualified Institution” on a list delivered to RBC by
the Borrower (or representatives thereof) prior to September 8, 2021 (as such list may be supplemented by the Borrower after
the Closing Date in a manner reasonably acceptable to the Administrative Agent), (b) any Company Competitor identified on a list
delivered to the Administrative Agent by the Borrower from time to time and (c) as to any entity referenced in each of clauses (a) and
(b) above (the “Primary Disqualified Institution”), any of such Primary Disqualified Institution’s Affiliates
readily identifiable as such by name, but excluding any Affiliate of any Company Competitor that is primarily engaged in, or that advises
funds or other investment vehicles that are engaged in, making, purchasing, holding or otherwise investing in commercial loans, bonds
and similar extensions of credit or securities in the ordinary course and with respect to which the Primary Disqualified Institution does
not, directly or indirectly, possess the power to direct or cause the direction of the investment policies of such entity; provided,
that any designation of a Disqualified Institution shall not apply retroactively to disqualify any Person that has previously acquired
an assignment or participation of the Term Loans. Notwithstanding the foregoing, any list of Disqualified Institutions shall only be required
to be made available to any Lender, on a confidential basis only, upon written request by such Lender. For the purposes of clause
(b) of this definition, such list shall be made available to the Administrative Agent pursuant to Section 10.02.

 

    28

     

    

 

“Disqualified Stock”
means, with respect to any Person, any Equity Interests of such Person that, by its terms (or by the terms of any security into which
it is convertible or for which it is puttable, redeemable or exchangeable), in each case, at the option of the holder thereof or upon
the happening of any event:

 

(1)            matures
or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise (other than as a result of a change of control, Qualified
IPO or asset sale; provided that any purchase requirement triggered thereby may not become operative until compliance with, in
the case of an asset sale, the provisions of Section 7.04 or, in the case of a change of control, the repayment in full of the Obligations),

 

(2)            is
convertible or exchangeable for Indebtedness or Disqualified Stock, or

 

(3)            is
redeemable at the option of the holder thereof, in whole or in part,

 

in each case prior to the
date that is 91 days after the Latest Maturity Date of the Term Loans at the time of issuance of the respective Disqualified Stock; provided
that only the portion of Equity Interests that so mature or is mandatorily redeemable, is so convertible or exchangeable or is so redeemable
at the option of the holder thereof prior to such date shall be deemed to be Disqualified Stock; provided further that if such
Equity Interests are issued to any employee or to any plan for the benefit of employees of the Borrower or its Subsidiaries or a direct
or indirect parent of the Borrower or by any such plan to such employees, such Equity Interests shall not constitute Disqualified Stock
solely because it may be required to be repurchased by the Borrower or its Subsidiaries or a direct or indirect parent of the Borrower
in order to satisfy applicable statutory or regulatory obligations or as a result of such employee’s termination, death or disability;
provided further that any class of Equity Interests of such Person that by its terms authorizes such Person to satisfy its obligations
thereunder by delivery of Equity Interests that are not Disqualified Stock shall not be deemed to be Disqualified Stock.

 

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

 

“Dollar Equivalent”
shall mean, at any time, (a) with respect to any amount denominated in Dollars, such amount, and (b) with respect to any amount
denominated in any currency other than Dollars, 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 date of determination) for the purchase of Dollars with
such currency.

 

“Domestic Subsidiary”
means any Subsidiary of the Borrower that is organized under the laws of the United States, any state thereof or the District of Columbia.

 

“Dutch Auction”
means an auction (an “Auction”) conducted by Holdings or one of its Subsidiaries in order to purchase any Term Loans
under a Tranche (the “Purchase”) in accordance with the following procedures or such other procedures as may be agreed
to between the Administrative Agent and the Borrower:

 

(a)            Notice
Procedures. In connection with any Auction, the Borrower shall provide notification to the Administrative Agent (for distribution
to the Appropriate Lenders) of the Term Loans under such Tranche that will be the subject of the Auction (an “Auction Notice”).
Each Auction Notice shall be in a form reasonably acceptable to the Administrative Agent and shall specify (i) the total cash value
of the bid, in a minimum amount of $10,000,000 with minimum increments of $2,000,000 in excess thereof (the “Auction Amount”)
and (ii) the discounts to par, which shall be expressed as a range of percentages of the par principal amount of the Term Loans under
such Tranche at issue (the “Discount Range”), representing the range of purchase prices that could be paid in the Auction.

 

    29

     

    

 

 

 

 

(b)            Reply
Procedures. In connection with any Auction, each applicable Lender may, in its sole discretion, participate in such Auction by providing
the Administrative Agent with a notice of participation (the “Return Bid”) which shall be in a form reasonably acceptable
to the Administrative Agent and shall specify (i) a discount to par that must be expressed as a price (the “Reply Discount”),
which must be within the Discount Range, and (ii) a principal amount of the applicable Loans such Lender is willing to sell, which
must be in increments of $2,000,000 or in an amount equal to such Lender’s entire remaining amount of the applicable Loans (the
 “Reply Amount”). Lenders may only submit one Return Bid per Auction. In addition to the Return Bid, each Lender wishing
to participate in such Auction must execute and deliver, to be held in escrow by the Administrative Agent, an assignment and acceptance
agreement in a form reasonably acceptable to the Administrative Agent.

 

(c)            Acceptance
Procedures. Based on the Reply Discounts and Reply Amounts received by the Administrative Agent, the Administrative Agent, in consultation
with the Borrower, will determine the applicable discount (the “Applicable Discount”) for the Auction, which shall
be the lowest Reply Discount for which Holdings or its Subsidiary, as applicable, can complete the Auction at the Auction Amount; provided
that, in the event that the Reply Amounts are insufficient to allow Holdings or its Subsidiary, as applicable, to complete a purchase
of the entire Auction Amount (any such Auction, a “Failed Auction”), Holdings or such Subsidiary shall either, at its
election, (i) withdraw the Auction or (ii) complete the Auction at an Applicable Discount equal to the highest Reply Discount.
Holdings or its Subsidiary, as applicable, shall purchase the applicable Loans (or the respective portions thereof) from each applicable
Lender with a Reply Discount that is equal to or greater than the Applicable Discount (“Qualifying Bids”) at the Applicable
Discount; provided that if the aggregate proceeds required to purchase all applicable Loans subject to Qualifying Bids would exceed
the Auction Amount for such Auction, Holdings or its Subsidiary, as applicable, shall purchase such Loans at the Applicable Discount ratably
based on the principal amounts of such Qualifying Bids (subject to adjustment for rounding as specified by the Administrative Agent).
Each participating Lender will receive notice of a Qualifying Bid as soon as reasonably practicable but in no case later than five (5) Business
Days from the date the Return Bid was due.

 

(d)            Additional
Procedures. Once initiated by an Auction Notice, Holdings or any of its Subsidiaries, as applicable, may not withdraw an Auction other
than a Failed Auction. Furthermore, in connection with any Auction, upon submission by a Lender of a Qualifying Bid, such Lender will
be obligated to sell the entirety or its allocable portion of the Reply Amount, as the case may be, at the Applicable Discount. The Purchase
shall be consummated pursuant to and in accordance with Section 10.07 and, to the extent not otherwise provided herein, shall otherwise
be consummated pursuant to procedures (including as to timing, rounding and minimum amounts, Interest Periods, and other notices
by Holdings or such Subsidiary, as applicable) reasonably acceptable to the Administrative Agent and the Borrower.

 

“Early Opt-in Effective
Date” shall mean, 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.

 

“Early Opt-in Election”
means the delivery of a notification by the Administrative Agent (or at the request of the Borrower to the Administrative Agent to notify)
to each of the other parties hereto that (x) 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 (y) the joint election by the Administrative Agent and the Borrower to trigger a fallback from LIBOR; provided
that upon such joint election to trigger a fallback from LIBOR, the Administrative Agent shall deliver a written notice of such election
to the Lenders.

 

    	 	30	 

     

    

 

“ECF Deductions”
has the meaning specified in Section 2.05(b)(i).

 

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

 

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

 

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

 

“Eligible Assignee”
means any Person that meets the requirements to be an assignee under Section 10.07(b) (subject to receipt of such consents,
if any, as may be required for the assignment of the applicable Loan and/or Commitments to such Person under Section 10.07(b)(iii)).

 

“EMU” means
the economic and monetary union as contemplated in the EU Treaty.

 

“EMU Legislation”
means the legislative measures of the EMU for the introduction of, changeover to, or operation of the Euro in one or more member states.

 

“Environment”
means ambient air, indoor air, surface water, groundwater, drinking water, land surface, sediments, and subsurface strata and natural
resources, such as wetlands, flora and fauna.

 

“Environmental Laws”
means any and all applicable federal, state, local and foreign statutes, laws, including common law, regulations, ordinances, rules, judgments,
orders, decrees, permits, concessions, grants, franchises, licenses or governmental restrictions relating to pollution, the protection
of the Environment, human health (to the extent relating to exposure to Hazardous Materials) or safety, including those related to Hazardous
Materials, air emissions and discharges to public pollution control systems.

 

“Environmental Liability”
means any liability, contingent or otherwise (including any liability for damages, costs of environmental remediation, monitoring or oversight
by a Governmental Authority, fines, penalties or indemnities) of the Borrower, any other Loan Party or any of their respective Subsidiaries
directly or indirectly resulting from or based upon (a) any actual or alleged violation of any Environmental Law, (b) the generation,
use, handling, transportation, storage or treatment of any Hazardous Materials, (c) human 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 binding consensual
arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.

 

“Environmental Permit”
means any permit, approval, identification number, license or other authorization required under any Environmental Law.

 

“Equity Contribution”
has the meaning specified in the definition of “Transactions”.

 

    	 	31	 

     

    

 

“Equity Interests”
means Capital Stock and all warrants, options or other rights to acquire Capital Stock (but excluding any Capital Stock that arises only
by reason of the happening of a contingency or any debt security that is convertible into, or exchangeable for, Capital Stock).

 

“Equity Issuance”
means any issuance by any Person to any other Person of (a) its Equity Interests for cash, (b) any of its Equity Interests pursuant
to the exercise of options or warrants, (c) any of its Equity Interests pursuant to the conversion of any debt securities to equity
or (d) any options or warrants relating to its Equity Interests.

 

“ERISA”
means the Employee Retirement Income Security Act of 1974, and the rules and regulations thereunder, each as amended or modified
from time to time.

 

“ERISA Affiliate”
means any Person who together with any Loan Party is treated as a single employer 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) or Section 4001
of ERISA.

 

“ERISA Event”
means (a) a Reportable Event with respect to a Plan; (b) the withdrawal of any Loan Party or any ERISA Affiliate from a 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 any Loan Party or any ERISA Affiliate from a Multiemployer Plan or notification that
a Multiemployer Plan is insolvent (within the meaning of Section 4245 of ERISA); (d) the filing of a notice of intent to terminate
or the treatment of a plan amendment as a termination under Section 4041 or 4041A of ERISA, respectively, (e) the institution
by the PBGC of proceedings to terminate a Plan or Multiemployer Plan; (f) an event or condition which constitutes grounds under Section 4042
of ERISA for the termination of, or the appointment of a trustee to administer, any Plan or Multiemployer Plan; (g) the determination
that any Plan is considered an at-risk plan within the meaning of Section 430 of the Code or Section 303 of ERISA; (h) the
determination that any Multiemployer Plan is considered a plan in “endangered,” “critical,” or “critical
and declining” status within the meaning of Section 432 of the Code or Section 305 of ERISA; (i) the imposition of
any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon any
Loan Party or any ERISA Affiliate; (j) the conditions for the imposition of a Lien under Section 430(k) of the Code or
Section 303(k) of ERISA shall have been met with respect to any Plan or (k) any other event or condition with respect to
a Plan or Multiemployer Plan that could result in liability of the Borrower or any Subsidiary.

 

“Erroneous Payment”
has the meaning assigned to it in Section 9.18(a).

 

“Erroneous Payment
Deficiency Assignment” has the meaning assigned to it in Section 9.18(d)(i).

 

“Erroneous Payment
Impacted Class” has the meaning assigned to it in Section 9.18(d)(i).

 

“Erroneous Payment
Return Deficiency” has the meaning assigned to it in Section 9.18(d)(i).

 

“Escrow”
has the meaning specified in the definition of “Indebtedness”.

 

“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.

 

“EU Treaty”
means the Treaty on European Union.

 

    	 	32	 

     

    

 

“Euro”
and “€” means the single currency of the Participating Member States introduced in accordance with the provisions
of Article 109(i)4 of the EU Treaty.

 

“Eurodollar Rate”
means, in the case of any Eurodollar Rate Loan for any Interest Period:

 

(i)            the
rate per annum determined by the Administrative Agent to be the offered rate which appears on the page of the Reuters screen (or
any successor thereto) which displays the London interbank offered rate administered by ICE Benchmark Administration Limited (or any other
person which takes over administration of that rate) (“LIBOR”) (such page currently being the LIBOR01 page) for
deposits in Dollars (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period, determined
as of approximately 11:00 a.m. (London time), two (2) Business Days prior to the first day of such Interest Period;

 

(ii)           in
the event the rate referenced in the preceding clause (i) does not appear on such page or service or if such page or service
shall cease to be available, the rate determined by the Administrative Agent to be the offered rate on such other page or other service
which displays the Screen Rate for deposits in Dollars (for delivery on the first day of such Interest Period) with a term equivalent
to such Interest Period, determined as of approximately 11:00 a.m. (London time) two (2) Business Days prior to the first day
of such Interest Period; and

 

(iii)          if
Screen Rates are quoted under either of the preceding clauses (i) or (ii), but there is no such quotation for the Interest Period
elected, the Screen Rate shall be equal to the applicable Interpolated Rate.

 

“Eurodollar Rate
Borrowing” means a Borrowing comprising Eurodollar Rate Loans.

 

“Eurodollar Rate
Loan” means a Loan that bears interest at a rate based on the applicable Adjusted Eurodollar Rate.

 

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

 

“Excess Cash Flow”
means, with respect to any Excess Cash Flow Period, an amount, not less than zero, equal to:

 

(a)            Consolidated
Net Income of the Group Parties for such Excess Cash Flow Period, plus, without duplication:

 

(i)            all
non-cash charges, losses and expenses (including, without limitation, taxes) of such Person or any of its Restricted Subsidiaries that
were deducted in calculating such Consolidated Net Income (provided, in each case, that if any non-cash charge represents an accrual
or reserve for cash items in any future period, the cash payment in respect thereof in such future period shall be subtracted from Excess
Cash Flow in such future period); plus

 

(ii)           an
amount equal to the sum of (A) the decrease in Working Capital of such Person during such period (measured as the excess, if any,
of Working Capital at the beginning of such Excess Cash Flow Period minus Working Capital at the end of such Excess Cash Flow Period),
if any, plus (B) the decrease in long-term accounts receivable of such Person and its Restricted Subsidiaries, if any (other than
any such decreases contemplated by clauses (A) and (B) of this clause (ii) that are directly attributable to dispositions
of a Person or business unit by Holdings and its Restricted Subsidiaries during such period); minus

 

    	 	33	 

     

    

 

(b)           the
sum, without duplication (in each case, for the Borrower and the Restricted Subsidiaries on a consolidated basis), of:

 

(i)            to
the extent not deducted as an ECF Deduction, repayments, prepayments, repurchases, redemptions and other cash payments made with respect
to the principal of any Indebtedness (including principal representing capitalized interest) or the principal component of any Capitalized
Lease Obligations of such Person or any of its Restricted Subsidiaries during such period (excluding voluntary and mandatory prepayments
of Term Loans, but including all premium, make-whole or penalty payments paid in cash (to the extent such payments are not expensed during
such period or are not deducted in calculating Consolidated Net Income and such payments are not otherwise prohibited under this Agreement)
and all repayments with respect to revolving Indebtedness to the extent accompanied by a corresponding reduction in commitments); provided
that, with respect to any mandatory prepayment of Indebtedness (other than, for the avoidance of doubt, Term Loans), such prepayments
shall only be deducted pursuant to this clause (i) to the extent not deducted in the computation of net proceeds in respect of the
asset disposition or condemnation giving rise thereto; plus

 

(ii)           (A) cash
payments made by such Person or any of its Restricted Subsidiaries during such period in respect of Taxes (including distributions to
any Parent Holding Company in respect of Taxes), to the extent such payments exceed the amount of tax expense deducted in calculating
such Consolidated Net Income, and (B) cash payments that such Person or any of its Restricted Subsidiaries will be required to make
in respect of Taxes (including distributions to any Parent Holding Company in respect of Taxes) within 180 days after the end of such
period; provided that amounts described in this clause (B) will not reduce Excess Cash Flow in subsequent periods, and, to
the extent not paid, will increase Excess Cash Flow in the subsequent period; plus

 

(iii)          all
cash payments and other cash expenditures made by such Person or any of its Restricted Subsidiaries during such period (A) with respect
to items that were excluded in the calculation of such Consolidated Net Income pursuant to clauses (a) through (y) of the definition
of “Consolidated Net Income” or (B) that were not expensed during such period in accordance with GAAP; plus

 

(iv)          all
non-cash credits included in calculating such Consolidated Net Income (including insured or indemnified losses referred to in clauses
(r) and (s) of the definition of “Consolidated Net Income” to the extent not reimbursed in cash during such period);
plus

 

(v)           an
amount equal to the sum of (A) the increase in the Working Capital of such Person during such period (measured as the excess, if
any, of Working Capital at the end of such Excess Cash Flow Period minus Working Capital at the beginning of such Excess Cash Flow Period),
if any, plus (B) the increase in long-term accounts receivable of such Person and its Restricted Subsidiaries, if any; plus

 

(vi)          cash
payments made in satisfaction of noncurrent liabilities (excluding payments of Indebtedness for borrowed money) not made directly or indirectly
using proceeds, payments or any other amounts available from events or circumstances that were not included in determining Consolidated
Net Income during such period; plus

 

    	 	34	 

     

    

 

(vii)         to
the extent not deducted in arriving at Consolidated Net Income, cash fees, expenses and purchase price adjustments incurred in connection
with the Transactions, any acquisition consummated before or after the Closing Date or any Permitted Investment, Equity Issuance or debt
issuance (whether or not consummated) and any Restricted Payment made to pay any of the foregoing incurred by Holdings; plus

 

(viii)        the
amount of cash payments made in respect of pensions and other postemployment benefits in such period to the extent not deducted in arriving
at such Consolidated Net Income; plus

 

(ix)           cash
payments made by such Person or any of its Restricted Subsidiaries during such period in respect of items for which an accrual or reserve
was established in a prior period, in each case to the extent such payments are not expensed during such period or are not deducted in
calculating Consolidated Net Income; plus

 

(x)            to
the extent not deducted in arriving at Consolidated Net Income, cash payments (including reimbursement of out-of-pocket expenses or payments
under any indemnity obligations) made by such Person during such period pursuant to the Management Agreement to the extent permitted hereunder.

 

“Excess Cash Flow
Period” means any fiscal year of Holdings, commencing with the fiscal year ending on December 31, 2022.

 

“Exchange Act”
means the U.S. Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC promulgated thereunder.

 

“Exchange Agent”
means (a) the Administrative Agent or (b) any other financial institution or advisor employed by the Borrower (whether or not
an Affiliate of the Administrative Agent), after consultation with the Administrative Agent, to act as an arranger in connection with
any Permitted Debt Exchange pursuant to Section 2.19; provided that the Borrower shall not designate the Administrative Agent
as the Exchange Agent without the written consent of the Administrative Agent (it being understood that the Administrative Agent shall
be under no obligation to agree to act as the Exchange Agent); provided further that neither the Borrower nor any of its Affiliates
may act as the Exchange Agent.

 

“Excluded Contributions”
means the net cash proceeds and Cash Equivalents, or the Fair Market Value of other assets, received by the Borrower after the Closing
Date from:

 

(1)            contributions
in the form of Equity Interests which are not Excluded Equity, and

 

(2)            the
sale of Capital Stock (other than Excluded Equity) of the Borrower,

 

in each case designated as Excluded Contributions
pursuant to an officer’s certificate of a Responsible Officer, or that has been utilized to make a Restricted Payment pursuant to
clause (2) of the second paragraph of Section 7.05. Excluded Contributions will be excluded from the calculation set forth in
clause (c) of the first paragraph of Section 7.05.

 

“Excluded Equity”
means (i) Disqualified Stock, (ii) any Equity Interests issued or sold to a Restricted Subsidiary or any employee stock ownership
plan or trust established by Holdings or any of its Subsidiaries or a direct or indirect parent of Holdings (to the extent such employee
stock ownership plan or trust has been funded by Holdings or any Subsidiary or a direct or indirect parent of Holdings) and (iii) any
Equity Interest that has already been used or designated (x) as (or the proceeds of which have been used or designated as) Designated
Preferred Stock, an Excluded Contribution or Refunding Capital Stock, (y) to Incur Contribution Indebtedness or (z) to increase
the amount available under clause (5)(a) of the second paragraph under Section 7.05 or clause (14) of the definition of
 “Permitted Investments” or is proceeds of Indebtedness referred to in clause (14)(b) of the second paragraph in Section 7.05;
provided that, until the First Lien Termination Date, and subject to the Term Loan Intercreditor Agreement, to the extent the First Lien
Administrative Agent has determined that any Capital Stock shall constitute “Excluded Equity” under the definition of Excluded
Equity in the First Lien Credit Agreement, the Administrative Agent and the Collateral Agent, as the case may be, shall automatically
be deemed to accept such determination hereunder and shall execute any documentation, if applicable, reasonably requested by the First
Lien Administrative Agent in connection therewith.

 

“Excluded Indebtedness”
has the meaning specified in the definition of “Indebtedness.”

 

“Excluded Information”
has the meaning specified in Section 10.07(j).

 

    	 	35	 

     

    

 

“Excluded
Property” means, with respect to any Loan Party, (a) (i) any fee-owned real property not constituting Material Real
Property, any real property leasehold or subleasehold interests and (ii) any fee-owned real property (whether already mortgaged,
or required or intended to be mortgaged, at any time of determination) located in an area identified by the Federal Emergency Management
Agency (or any successor agency) as a “special flood hazard area” or such property or mortgage thereon would be subject to
any flood insurance due diligence, flood insurance requirements or compliance with any flood insurance laws (it being agreed that (A) if
it is subsequently determined that any such real property subject to, or otherwise required or intended to be subject to, a mortgage is
or might be located in a flood hazard area, such property shall be deemed to constitute Excluded Property until a determination is made
that such property is not located in a flood hazard area and does not require flood insurance, and (B) if there is an existing mortgage
on such property, such mortgage shall be released if located in a special flood hazard area and would require flood insurance or if it
cannot determined whether such fee owned real property is located in a special flood hazard area or would require flood insurance if the
time or information necessary to make such determination would (as determined by the Borrower in good faith) delay or impair the intended
date of funding any Loan or effectiveness of any amendment or supplement under this Agreement), (b) any motor vehicle, airplane or
other asset subject to a certificate of title (other than to the extent a security interest therein can be perfected by filing an “all
assets” UCC-1 financing statement and without the requirement to list any VIN, serial or similar number), (c) assets to the
extent granting a security interest in such assets could reasonably be expected to result in material adverse tax consequences to the
Borrower, Holdings or any of the Restricted Subsidiaries or Parent Holding Companies (other than the grant of security by Holdings or
any Restricted Subsidiary of the Borrower that is a Loan Party as of the Closing Date), or material adverse regulatory consequences, in
each case, as determined by the Borrower in good faith, (d) pledges of, and security interests in, certain assets, in favor of the
Collateral Agent which are prohibited by applicable Law or would require obtaining the consent of any governmental authority; provided
that (i) any such limitation described in this clause (d) on the security interests granted shall only apply to the extent that
any such prohibition is not rendered ineffective pursuant to the Uniform Commercial Code of any applicable jurisdiction and shall not
apply to any proceeds or receivables thereof, the assignment of which is expressly deemed effective under the Uniform Commercial Code
of any applicable jurisdiction notwithstanding such prohibition and (ii) in the event of the termination or elimination of any such
prohibition contained in any applicable Law or to the extent such consent is obtained, a security interest in such assets shall be automatically
and simultaneously granted under the applicable Collateral Documents and such asset shall be included as Collateral, (e) subject
to the FACA Requirement, any governmental or regulatory licenses or state or local franchises, charters, consent, permits and authorizations,
to the extent security interests in favor of the Collateral Agent in such licenses, franchises, charters, consents, permits or authorizations
are prohibited or restricted thereby or by applicable law, in each case, except to the extent such prohibition is unenforceable after
giving effect to the applicable anti-assignment provisions of the Uniform Commercial Code of any applicable jurisdiction and other than
proceeds and receivables thereof, the assignment of which is expressly deemed effective under the Uniform Commercial Code of any applicable
jurisdiction notwithstanding such prohibition; provided (i) any such limitation described in this clause (e) on the security
interests granted shall only apply to the extent that any such prohibition could not be rendered ineffective pursuant to the Uniform Commercial
Code of any applicable jurisdiction or any other applicable Law or principles of equity and shall not apply to any proceeds or receivables
thereof, the assignment of which is expressly deemed effective under the Uniform Commercial Code of any applicable jurisdiction notwithstanding
such prohibition and that in the event of the termination or elimination of any such prohibition or restriction contained in any applicable
license, franchise, charter or authorization, or under applicable law, a security interest in such licenses, franchises, charters or authorizations
shall be automatically and simultaneously granted under the applicable Collateral Documents and such licenses, franchises, charters, permits,
consents or authorizations shall be included as Collateral, (f) Equity Interests in (A) any Person (other than the Borrower
and Wholly Owned Restricted Subsidiaries of Holdings that are not Immaterial Subsidiaries), (B) any not-for-profit Subsidiary, (C) any
Captive Insurance Subsidiary, (D) any Receivables Subsidiary or special purpose securitization vehicle (or similar entity), (E) any
broker-dealer Subsidiary, (F) Subsidiaries that are special purpose entities (the entities in subclauses (B), (C), (D), (E) and
(F) of this clause (f), each, a “Limited Purpose Subsidiary”), (G) any Unrestricted Subsidiary, (H) any
Person which is acquired after the date hereof to the extent and for so long as such Equity Interests are pledged in respect of Acquired
Indebtedness and such pledge constitutes a Permitted Lien and does not permit the grant of a security interest on such Equity Interests
and (I) any Person that is an Excluded Subsidiary pursuant to clause (e) of the definition of “Excluded Subsidiary”,
(g) subject to the FACA Requirement, any general intangible and any lease, license, permit or other agreement or any property or
right subject thereto (including pursuant to a purchase money security interest, Capitalized Lease Obligation or similar arrangement,
in each case permitted to be incurred under this Agreement or, in the case of after-acquired property, pre-existing secured debt not incurred
in anticipation of the acquisition by the applicable Loan Party of such property), to the extent that a grant of a security interest therein
would violate or invalidate such item or create a right of termination in favor of any other party thereto (other than a Loan Party),
in each case, except to the extent such prohibition is unenforceable after giving effect to the applicable anti-assignment provisions
of the Uniform Commercial Code of any applicable jurisdiction and other than proceeds and receivables thereof, the assignment of which
is expressly deemed effective under the Uniform Commercial Code of any applicable jurisdiction notwithstanding such prohibition, (h) “intent-to-use”
trademark applications prior to the filing of a “Statement of Use” or “Amendment to Allege Use” filing, (i) receivables
and related assets (or interests therein) (A) sold to any Receivables Subsidiary or (B) otherwise pledged, factored, transferred
or sold in connection with any Receivables Financing, (j) Equity Interests in excess of 65% of the Capital Stock of any first-tier
Subsidiary that is a (A) a Controlled Foreign Subsidiary or (B) a FSHCO, (k) trust accounts holding funds for third parties,
payroll accounts and escrow accounts holding funds for third parties, in each case, as long as each such account is used solely for such
purpose, (l) cash to secure letter of credit reimbursement obligations and such pledge constitutes a Permitted Lien, (m) Margin
Stock, (n) leasehold or subleasehold interests to the extent a security interest in respect thereof cannot be perfected by filing
an “all-assets” UCC-1 financing statement, (o) letter of credit rights, except to the extent constituting a supporting
obligation for other Collateral as to which perfection of the security interest therein is accomplished by the filing of a UCC-1 financing
statement, (p) all commercial tort claims that are not expected to result in a judgment or settlement payment in excess of $10,000,000
(as determined by the Borrower in good faith), (q) from and after the date of the termination and repayment in full of the ABL Facility
and so long as no other similar facility is in effect with a first priority lien on the ABL Priority Collateral, cash and Cash Equivalents
(other than cash and Cash Equivalents representing identifiable proceeds of other “Collateral” a security interest in which
is perfected through the filing of a UCC-1 financing statement or automatically without filing), and any deposit, commodity or securities
account (including any securities entitlement and any related asset) (in each case, except to the extent a security interest therein can
be perfected through the filing of a UCC-1 financing statement or automatically without a filing), (s) any assets or property located
or titled in any jurisdiction outside the U.S. and held by any Loan Party, to the extent a security interest in respect thereof cannot
be perfected by filing an “all-assets” UCC-1 financing statement or the delivery of certificates or instruments otherwise
required pursuant to the terms of the Loan Documents or automatically without a filing (provided that this clause (s) shall not apply
to (x) the assets of any Loan Party that is a Foreign Subsidiary to the extent such assets or property are located in jurisdictions
outside the U.S. that are agreed between the Borrower and the Administrative Agent and (y) the Equity Interests of any Foreign Subsidiary
that is a Guarantor); provided that Excluded Property shall not include any assets of any Loan Party which secure (or purport to
secure) the ABL Obligations. Other assets shall be deemed to be “Excluded Property” if the Borrower determines in good faith
that the burden or cost of obtaining or perfecting a security interest in such assets (including, without limitation, the cost of title
insurance, surveys or flood insurance (if necessary)) outweighs the benefit to the Lenders of the security afforded thereby. Until the
First Lien Termination Date, and subject to the Term Loan Intercreditor Agreement, to the extent the First Lien Administrative Agent determines
any property or assets shall not become part of, or shall be excluded from, the Collateral under a provision that exists in substantially
the same form in both the First Lien Loan Documents and the Loan Documents, the Administrative Agent shall automatically be deemed to
accept such determination and shall execute any documentation, if applicable, reasonably requested by the First Lien Administrative Agent
in connection therewith. Notwithstanding anything herein or the Collateral Documents to the contrary, Excluded Property shall not include
any Proceeds (as defined in the UCC), substitutions or replacements of any Excluded Property (unless such Proceeds, substitutions or replacements
would otherwise constitute Excluded Property referred to above).

 

    	 	36	 

     

    

 

“Excluded Subsidiary”
means any direct or indirect Subsidiary of the Borrower that is (a) an Unrestricted Subsidiary, (b) a non-Wholly-Owned Subsidiary,
(c) an Immaterial Subsidiary, (d) a FSHCO, (e) established or created pursuant to clause (14)(g) of the second paragraph
of Section 7.05 and meeting the requirements of the proviso thereto; provided that such Subsidiary shall only be an Excluded
Subsidiary for the period immediately prior to such acquisition, (f) a Foreign Subsidiary and any Subsidiary of a Controlled Foreign
Subsidiary; (g) a Subsidiary that is prohibited by applicable Law from guaranteeing the Facilities, or which would require governmental
(including regulatory) consent, approval, license or authorization to provide a guarantee (including, for the avoidance of doubt, Laws
relating to financial assistance, corporate benefit, thin capitalization, capital maintenance, liquidity maintenance or similar legal
principles, restrictions on upstreaming and/or cross-streaming of cash intra-group and Laws relating to the fiduciary and/or statutory
duties of the Board of Directors of Holdings and/or any of its Subsidiaries) unless, such consent, approval, license or authorization
has been received; provided that none of Holdings or is Restricted Subsidiaries shall have any obligation to obtain such consent,
approval, license or authorization, (h) a Subsidiary that is prohibited from guaranteeing the Facilities by any Contractual Obligation
in existence on the Closing Date (but not entered into in contemplation thereof) and for so long as any such Contractual Obligation exists
(or, in the case of any newly-acquired Subsidiary, in existence at the time of acquisition thereof but not entered into in contemplation
thereof and for so long as any such Contractual Obligation exists), (i) a Person (other than Holdings or a Restricted Subsidiary
of the Borrower that is a Subsidiary of any Loan Party as of the Closing Date) whose guarantee of the Facilities would result in material
adverse tax consequences to the Borrower, Holdings or any of the Restricted Subsidiaries or Parent Holding Companies, as determined by
the Borrower in good faith, (j) any Limited Purpose Subsidiary, (k) any Restricted Subsidiary acquired by Holdings or any of
the Restricted Subsidiaries after the Closing Date that, at the time of the relevant acquisition, is an obligor in respect of assumed
Indebtedness that is permitted under this Agreement, and any Restricted Subsidiary thereof that guarantees such Indebtedness, in each
case, to the extent (and for so long as) the documentation governing the applicable assumed Indebtedness or guaranty thereof prohibits
such Subsidiary from becoming a Guarantor so long as such restriction was not incurred in contemplation of such acquisition, and (l) any
other Subsidiary with respect to which, in the good faith determination of the Borrower, the burden or cost of guaranteeing the Facilities
outweighs the benefits to be obtained by the Lenders therefrom; provided that the Borrower may from time to time elect to cause
any Excluded Subsidiary (in the case of any Foreign Subsidiary, with the consent of the Administrative Agent (such consent not to be unreasonably
withheld, conditioned or delayed)) to become a Guarantor upon notice to the Administrative Agent; provided further that if a Subsidiary
executes the Subsidiary Guaranty as a “Subsidiary Guarantor,” then it shall not constitute an “Excluded Subsidiary”
(unless released from its obligations under the Subsidiary Guaranty as a “Subsidiary Guarantor” in accordance with the terms
hereof and thereof). Until the First Lien Termination Date, and subject to the Term Loan Intercreditor Agreement, to the extent the First
Lien Administrative Agent determines any Subsidiary of the Borrower shall be excluded from the guarantee requirements under a provision
that exists in substantially the same form in both the First Lien Loan Documents and the Loan Documents, the Administrative Agent shall
automatically be deemed to accept such determination and shall execute any documentation, if applicable, reasonably requested by the First
Lien Administrative Agent in connection therewith.

 

    	 	37	 

     

    

 

“Excluded Swap Obligation”
means, with respect to any Guarantor, (a) any Swap Obligation if, and to the extent that, all or a portion of the Guarantee of such
Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or any Guarantee thereof) is or becomes
illegal under the Commodity Exchange Act or any rule, regulation, or order of the Commodity Futures Trading Commission (or the application
or official interpretation of any thereof) (i) by virtue of such Guarantor’s failure to constitute an “eligible contract
participant,” as defined in the Commodity Exchange Act and the regulations thereunder (determined after giving effect to any applicable
keepwell, support, or other agreement for the benefit of such Guarantor), at the time the guarantee of (or grant of such security interest
by, as applicable) such Guarantor becomes or would become effective with respect to such Swap Obligation or (ii) in the case of a
Swap Obligation that is subject to a clearing requirement pursuant to section 2(h) of the Commodity Exchange Act, because such Guarantor
is a “financial entity,” as defined in section 2(h)(7)(C) the Commodity Exchange Act, at the time the guarantee of (or
grant of such security interest by, as applicable) such Guarantor becomes or would become effective with respect to such Swap Obligation
or (b) any other Swap Obligation designated as an “Excluded Swap Obligation” of such Guarantor as specified in any agreement
between the relevant Loan Parties and Hedge Bank applicable to such Swap Obligation.

 

“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 such Recipient’s 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 (ii) that are
Other Connection Taxes, (b) in the case of a Lender, any U.S. federal withholding Taxes imposed pursuant to a Law in effect on the
date on which such Lender becomes a party hereto (other than pursuant to a request by any Loan Party under Section 3.08) or changes
its lending office, except in each case to the extent that, pursuant to Section 3.01, additional 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 changes its lending office, (c) Taxes attributable to such Recipient’s failure to comply with Section 3.01(g),
(d) any Taxes imposed under FATCA, (e) U.S. federal backup withholding Taxes under Section 3406 of the Code and (f) Other
Connection Taxes that are excluded from the definition of Other Taxes.

 

“Existing Lender
Assignment” means an assignment of, as applicable, (x) Commitments under a Term Facility, a Specified Refinancing Term
Loan Facility or a New Term Facility or (y) Term Loans, Specified Refinancing Term Loans and New Term Loans, in each case to an existing
Lender, an Affiliate of an existing Lender or an Approved Fund thereof (other than any Disqualified Institution).

 

    	 	38	 

     

    

 

“Existing Term Loan
Credit Agreement” means that certain Term Loan Credit Agreement, dated as of June 29, 2018, by and among, the Borrower,
Vertex Holdings, the lenders from time to time party thereto and Morgan Stanley Senior Funding, Inc., as administrative agent, as
amended, restated, amended and restated, supplemented or otherwise modified from time to time.

 

“Extendable Bridge
Loans” means any bridge loan which provides for an automatic extension of the maturity thereof, subject to customary conditions,
to a date that is not earlier than the Latest Maturity Date of the Initial Term Loan Facility and the Weighted Average Life to Maturity
of the long-term debt into which such bridge loan is to be converted or exchanged is not shorter than the remaining Weighted Average Life
to Maturity of the Initial Term Loan Facility or any Indebtedness that is being refinanced with the proceeds of such Extendable Bridge
Loans, as applicable.

 

“FACA”
means the Assignment of Claims Act of 1940 (41 U.S.C. Section 15, 31 U.S.C. Section 3737, and 31 U.S.C. Section 3727) including
all amendments thereto and regulations promulgated thereunder.

 

“FACA Requirement”
has the meaning specified in Section 6.20.

 

“FACA Requirement
Documents” means all documents, instruments and assignments, as may be reasonably requested by the ABL Representative to comply
with FACA in its Permitted Discretion (as defined in the ABL Credit Agreement).

 

“Facility”
means the Term Facilities.

 

“Failed Auction”
has the meaning specified in the definition of “Dutch Auction.”

 

“Fair Market Value”
means, with respect to any asset or property, the price that could be negotiated in an arm’s-length, free market transaction, for
cash, between a willing seller and a willing and able buyer, neither of whom is under undue pressure or compulsion to complete the transaction
(as determined in good faith by the Borrower, whose determination will be conclusive for all purposes under the Loan Documents).

 

“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 Treasury regulations or official administrative interpretations
thereof, any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version
described above) and any intergovernmental agreements implementing the foregoing (together with any Laws implementing such agreements).

 

“Federal Funds Rate”
means, for any day, the rate per annum equal to the weighted average of the rates on overnight federal funds transactions, 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 further that if the Federal Funds Rate
is negative, then it shall be deemed to be 0% per annum.

 

“Financial Incurrence
Test” has the meaning specified in Section 1.11(b).

 

“Financial
Model” means the model made available by the Sponsor to RBC on August 31, 2021.

 

    	 	39	 

     

    

 

“First
Lien Administrative Agent” means RBC, in its capacity as administrative agent and collateral agent under the First Lien
Credit Agreement and the other First Lien Loan Documents and any other administrative agent, collateral agent or representative of the
holders of First Lien Obligations appointed as a representative for purposes related to the administration of the security documents pursuant
to the First Lien Credit Agreement, in such capacity as provided in the First Lien Credit Agreement.

 

“First
Lien Credit Agreement” means the certain First Lien Credit Agreement, dated as of the date hereof, among the Borrower,
Holdings, the lenders party thereto from time to time, and the First Lien Administrative Agent, as amended, modified, supplemented, substituted,
replaced, restated or refinanced, in whole or in part, pursuant to a Permitted Refinancing from time to time (whether with the original
administrative agent and lenders or other agents and lenders or otherwise and whether provided under the original First Lien Credit Agreement
or another credit agreement, indenture, instrument, other document or otherwise, unless such credit agreement, indenture, instrument or
document expressly provides that it is not a First Lien Credit Agreement), in each case as and to the extent permitted by this Agreement
and the Term Loan Intercreditor Agreement.

 

“First
Lien Loan Documents” means collectively, (i) the First Lien Credit Agreement and (ii) the security documents,
intercreditor agreements (including the Term Loan Intercreditor Agreement), guarantees, joinders and other agreements or instruments executed
in connection with the First Lien Credit Agreement or such other agreements, in each case, as amended, modified, supplemented, substituted,
replaced, restated or refinanced, in whole or in part, pursuant to a Permitted Refinancing from time to time, in each case as and to the
extent permitted by this Agreement and the Term Loan Intercreditor Agreement.

 

“First Lien Loan
Parties” has the meaning assigned to the term “Loan Parties” in the First Lien Credit Agreement.

 

“First Lien Obligations”
has the meaning assigned to the term “Obligations” in the First Lien Credit Agreement.

 

“First
Lien Term Facility” means the term loan facility under the First Lien Credit Agreement or any amendment, supplement,
modification, substitution, replacement, restatement or refinancing thereof, in whole or in part, pursuant to a Permitted Refinancing
from time to time, in each case as and to the extent permitted by this Agreement and the Term Loan Intercreditor Agreement.

 

“First
Lien Term Loans” has the meaning assigned to the term “Loans” in the First Lien Credit Agreement.

 

“First Lien Termination
Date” means the “Discharge of Senior Obligations” as defined in the Term Loan Intercreditor Agreement.

 

“Fixed Amounts”
has the meaning specified in Section 1.11(b).

 

“Foreign Casualty
Event” shall have the meaning assigned to such term in Section 2.05(b)(viii).

 

“Foreign Disposition”
shall have the meaning assigned to such term in Section 2.05(b)(viii).

 

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

 

“Foreign Subsidiary”
means any direct or indirect Subsidiary of the Borrower that is not a Domestic Subsidiary.

 

    	 	40	 

     

    

 

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

 

“FSHCO”
means any direct or indirect Subsidiary of the Borrower that owns, directly or indirectly, no material assets other than Capital Stock
(or, if applicable, Capital Stock and indebtedness) of one or more Controlled Foreign Subsidiaries or another FSHCO.

 

“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.

 

“GAAP”
means generally accepted accounting principles in the United States of America as in effect from time to time, including those set forth
in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements
and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as approved by a significant
segment of the accounting profession (but excluding the policies, rules and regulations of the SEC applicable only to public companies);
provided that the Borrower may at any time elect by written notice to the Administrative Agent to use IFRS in lieu of GAAP for
financial reporting purposes and, upon any such notice, references herein to GAAP shall thereafter be construed to mean (a) for periods
beginning on and after the date specified in such notice, IFRS as in effect from time to time and (b) for prior periods, GAAP
as defined in this sentence without giving effect to the proviso thereto. All ratios and computations based on GAAP contained in this
Agreement shall be computed in conformity with GAAP.

 

“General Asset Sale
Basket” has the meaning set forth in Section 7.04(2).

 

“General Debt Basket”
has the meaning specified in Section 7.01(l).

 

“General Debt Basket
Reallocated Amount” means any amount then available to be incurred under the General Debt Basket that, at the option of the
Borrower, has been reallocated from the General Debt Basket to the Cash-Capped Incremental Facility.

 

“Government Contract”
means an agreement, contract or license to which any Loan Party and the United States or any of its departments, agencies or instrumentalities
are parties.

 

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

 

“Granting Lender”
has the meaning specified in Section 10.07(g).

 

“Group Parties”
means the collective reference to the Borrower and the Restricted Subsidiaries, and “Group Party” means any one of
them.

 

    	 	41	 

     

    

 

“Guarantee”
means, as to any Person, without duplication, (a) any obligation, contingent or otherwise, of such Person guaranteeing or having
the economic effect of guaranteeing any Indebtedness or other monetary obligation payable or performable by another Person (the “primary
obligor”) in any manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to
purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other monetary obligation, (ii) to
purchase or lease property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other monetary
obligation of the payment or performance of such Indebtedness or other monetary obligation, (iii) to maintain working capital, equity
capital or any other financial statement condition or liquidity or level of income or cash flow of the primary obligor so as to enable
the primary obligor to pay such Indebtedness or other monetary obligation or (iv) entered into for the purpose of assuring in any
other manner the obligee in respect of such Indebtedness or other monetary obligation of the payment or performance thereof or to protect
such obligee against loss in respect thereof (in whole or in part) or (b) any Lien on any assets of such Person securing any Indebtedness
or other monetary obligation of any other Person, whether or not such Indebtedness or other monetary obligation is assumed by such Person
(or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien); provided that the term “Guarantee”
shall not include endorsements for collection or deposit, in either case in the ordinary course of business, or customary or reasonable
indemnity obligations in effect on the Closing Date, or entered into in connection with any acquisition or Disposition of assets permitted
under this Agreement (other than such obligations with respect to Indebtedness). The amount of any Guarantee shall be deemed to be an
amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee
is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing
Person in good faith. The term “Guarantee” as a verb has a corresponding meaning.

 

“Guarantors”
means, collectively, Holdings and, as of the Closing Date, the Subsidiaries of the Borrower listed on Schedule 1 and each other
Subsidiary of the Borrower that executes and delivers a Guaranty or guaranty supplement pursuant to the Guaranty, Sections 6.12 or 6.16,
unless it has ceased to be a Guarantor pursuant to the terms hereof.

 

“Guaranty”
means, collectively, the Holdings Guaranty and the Subsidiary Guaranty.

 

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

 

“Hedge Bank”
means (x) any Person that is a Lender or an Agent or an Affiliate of a Lender or an Agent or (y) any other Person designated
by the Borrower, in each case, in its capacity as a party to such Swap Contract; provided that, in the case of clause (y), such other
Person has delivered to the Collateral Agent a written notice (1) appointing the Collateral Agent as its agent under the applicable
Loan Documents and (2) agreeing to be bound by Article IX and Sections 10.05, 10.15 and 10.17 as if such Person were a Lender;
provided that no Hedge Bank shall have any rights in connection with the terms of the Loan Documents or management or release of Collateral
or the obligations of any Loan Party under the Loan Documents, other than in its capacity as a Lender or an Agent.

 

“Historical Financial
Statements” means (x) the audited balance sheet and the corresponding audited statement of income of Vertex Holdings for
the fiscal year ended December 31, 2020 and (y) the unaudited balance sheet and statement of income for the fiscal quarters
ended March 31, 2021, June 30, 2021 and September 30, 2021, in each case without regard to the Target Business.

 

“Holdings”
has the meaning specified in the introductory paragraph to this Agreement.

 

“Holdings Guaranty”
means the Holdings Guaranty made by Holdings in favor of the Administrative Agent on behalf of the Secured Parties, substantially in the
form of Exhibit E-1.

 

“IFRS”
means the International Financial Reporting Standards as issued by the International Accounting Standards Board.

 

    	 	42	 

     

    

 

“Immaterial Subsidiary”
means any Subsidiary of the Borrower that, as of the last day of the Test Period most recently then ended, does not have (a) assets
(when combined with the assets of all other Immaterial Subsidiaries, after eliminating intercompany obligations) in excess of 5.0% of
Consolidated Net Tangible Assets of the Group Parties or (b) Consolidated EBITDA (when combined with the Consolidated EBITDA of all
other Immaterial Subsidiaries) in excess of 5.0% of the Consolidated EBITDA of the Group Parties; provided that, at all times prior
to the first delivery of financial statements pursuant to Section 6.01(a) or (b), this definition shall be applied based on
the pro forma consolidated financial statements of the Group Parties delivered to the Administrative Agent prior to the date hereof.

 

“Immediate
Family Member” means with respect to any individual, such individual’s child, stepchild, grandchild or more remote descendant,
parent, stepparent, grandparent, spouse, former spouse, domestic partner, former domestic partner, sibling, mother-in-law, father-in-law,
son-in-law or daughter-in-law (including adoptive relationships), any trust, partnership or other bona fide estate-planning vehicle the
only beneficiaries of which are any of the foregoing individuals, such individual’s estate (or an executor, administrator, heir
or legatee, in each case, acting on their behalf) or any private foundation or fund that is controlled by any of the foregoing individuals
or any donor-advised fund of which any such individual is the donor.

 

“Increase Effective
Date” has the meaning specified in Section 2.14(c).

 

“Incremental Amounts”
means the amount of any unused commitments under the applicable refinanced Indebtedness, Disqualified Stock or Preferred Stock and any
accrued interest, fees, defeasance costs and premium (including call and tender premiums), if any, under the refinanced Indebtedness,
Disqualified Stock or Preferred Stock, and underwriting discounts, fees, commissions and expenses (including original issue discount,
upfront fees and similar items) in connection with the refinancing of the applicable Indebtedness, Disqualified Stock or Preferred Stock
and the incurrence or issuance of the applicable refinancing Indebtedness, Disqualified Stock or Preferred Stock in connection therewith.

 

“Incremental Arranger”
has the meaning specified in Section 2.14(a).

 

“Incremental Equivalent
Cash Component Debt” has the meaning specified in the first paragraph of Section 7.01.

 

“Incremental Equivalent
Debt” has the meaning specified in the first paragraph of Section 7.01.

 

“Incremental Equivalent
Prepayment Component Debt” has the meaning specified in the first paragraph of Section 7.01.

 

“Incremental Equivalent
Ratio Component Debt” has the meaning specified in the first paragraph of Section 7.01.

 

“Incur”
means, with respect to any Indebtedness, Capital Stock or Lien, to issue, assume, guarantee, incur or otherwise become liable for such
Indebtedness, Capital Stock or Lien, as applicable; provided that any Indebtedness, Capital Stock or Lien of a Person existing
at the time such Person becomes a Subsidiary (whether by merger, amalgamation, consolidation, acquisition or otherwise) shall be deemed
to be Incurred by such Person at the time it becomes a Subsidiary.

 

“Incurrence-Based
Amounts” has the meaning specified in Section 1.11(b).

 

    	 	43	 

     

    

 

“Indebtedness”
means, with respect to any Person, without duplication:

 

(a)            the
principal of any indebtedness of such Person, whether or not contingent, (i) in respect of borrowed money, (ii) evidenced by
bonds, notes, debentures or similar instruments or letters of credit or bankers’ acceptances (or, without duplication, reimbursement
agreements in respect thereof), (iii) representing the deferred and unpaid purchase price of any property, (iv) in respect of
Capitalized Lease Obligations or (v) representing any Swap Contracts, in each case, if and to the extent that any of the foregoing
Indebtedness (other than letters of credit and Swap Contracts) would appear as a liability on a balance sheet (excluding the footnotes
thereto) of such Person prepared in accordance with GAAP;

 

(b)            to
the extent not otherwise included, any guarantee by such Person of the Indebtedness of another Person (other than by endorsement of negotiable
instruments for collection in the ordinary course of business); and

 

(c)            to
the extent not otherwise included, Indebtedness of another Person secured by a Lien on any asset owned by such Person (whether or
not such Indebtedness is assumed by such Person); provided, however, that the amount of such Indebtedness will be the lesser
of: (a) the Fair Market Value of such asset at such date of determination, and (b) the amount of such Indebtedness of such other
Person.

 

The term “Indebtedness”
shall not include any prepayments of deposits received from clients or customers in the ordinary course of business or consistent with
past practices, or obligations under any license, permit or other approval (or guarantees given in respect of such obligations) Incurred
prior to the Closing Date or in the ordinary course of business or consistent with past practices.

 

Notwithstanding the above
provisions, in no event shall the following constitute Indebtedness:

 

(i)            Contingent
Obligations Incurred in the ordinary course of business or consistent with past practices;

 

(ii)           obligations
under or in respect of Receivables Financings;

 

(iii)          any
balance that constitutes a trade payable, accrued expense or similar obligation to a trade creditor, in each case Incurred in the ordinary
course of business;

 

(iv)          intercompany
liabilities that would be eliminated on the consolidated balance sheet of Holdings and its consolidated Subsidiaries;

 

(v)           prepaid
or deferred revenue arising in the ordinary course of business;

 

(vi)          Cash
Management Services;

 

(vii)         any
earn out obligation, purchase price adjustment or similar obligation until such obligation becomes a liability on the balance sheet (excluding
the footnotes thereto) in accordance with GAAP and is not paid within 30 days after becoming due and payable;

 

(viii)        obligations,
to the extent such obligations would otherwise constitute Indebtedness, under any agreement that have been defeased or satisfied and discharged
pursuant to the terms of such agreement;

 

    	 	44	 

     

    

 

(ix)          for
the avoidance of doubt, any obligations in respect of workers’ compensation claims, early retirement or termination obligations,
deferred compensatory or employee or director equity plans, pension fund obligations or contributions or similar claims, obligations or
contributions or social security or wage taxes;

 

(x)           Capital
Stock (other than Disqualified Stock and Preferred Stock);

 

(xi)          Non-Finance
Lease Obligations; or

 

(xii)         any
obligations of Borrower and its Restricted Subsidiaries to any Seller Guarantor (as defined in the Purchase Agreement) in respect of Business
Guarantees (as defined in the Purchase Agreement) pursuant to the Purchase Agreement, and any obligation of Borrower and its Restricted
Subsidiaries in respect of Seller Guarantees (as defined in the Purchase Agreement) that are reimbursable to the Borrower or its Restricted
Subsidiaries pursuant to the Purchase Agreement.

 

Subject to Section 1.02(i), Indebtedness
will not be deemed to include obligations (“Escrowed Obligations”) Incurred in advance of, and the proceeds of which
are to be applied in connection with, the consummation of a transaction solely to the extent the proceeds thereof are and continue to
be held in an escrow, trust, collateral or similar account or arrangement (collectively, an “Escrow”) and are not otherwise
made available to such Person (such indebtedness, “Excluded Indebtedness”). From and after the date on which any Escrow
is established and prior to the date on which the proceeds in which such Escrow have been fully released to Holdings, any other Person
or otherwise, for the purposes of determining whether any Indebtedness is permitted to be Incurred under this Agreement, such determination
shall be made on a Pro Forma Basis assuming the release of proceeds under the Escrow, the use of proceeds thereof (and the consummation
of the associated transactions) and the inclusion of the Excluded Indebtedness.

 

“Indemnified Liabilities”
has the meaning specified in Section 10.05.

 

“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 any Loan Party under any Loan Document and (b) to the extent not otherwise described in (a), all Other Taxes.

 

“Indemnitees”
has the meaning specified in Section 10.05.

 

“Independent Financial
Advisor” means an accounting, appraisal or investment banking firm or consultant, in each case of nationally recognized standing
that is, in the good faith determination of the Borrower, qualified to perform the task for which it has been engaged.

 

“Information”
has the meaning specified in Section 10.08.

 

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

 

“Initial Term Commitment”
means, as to each Term Lender, its obligation to make Initial Term Loans to the Borrower pursuant to Section 2.01(a) in
an aggregate principal amount not to exceed the amount set forth opposite such Term Lender’s name on Schedule 2.01 under
the caption “Initial Term Commitment” as such amount may be adjusted from time to time in accordance with this Agreement.
The initial aggregate amount of the Initial Term Commitments is $185,000,000.

 

    	 	45	 

     

    

 

“Initial Term Loans”
has the meaning specified in Section 2.01(a).

 

“Initial Term Loan
Facility” means the Term Facility in respect of the Initial Term Loans.

 

“Intercompany License
Agreement” means any cost sharing agreement, commission or royalty agreement, license or sub-license agreement, distribution
agreement, services agreement, intellectual property rights transfer agreement or any related agreements, in each case where all the parties
to such agreement are one or more of the Borrower and any Restricted Subsidiary thereof.

 

“intellectual property”
means intellectual property, including all (a) patents, inventions, industrial designs, processes, developments, technology, and
know-how; (b) copyrights and works of authorship in any media, including graphics, advertising materials, labels, package designs,
and photographs; (c) trademarks, service marks, trade names, brand names, corporate names, domain names, logos, trade dress, and
other source indicators, and the goodwill of any business symbolized thereby; and (d) trade secrets, confidential, proprietary, or
non public information.

 

“Intellectual Property
Security Agreement” means, collectively, the intellectual property security agreement substantially in the form of Exhibit B
to the Security Agreement, dated the date of this Agreement, together with each other intellectual property security agreement or Intellectual
Property Security Agreement Supplement executed and delivered pursuant to Section 6.12, Section 6.14 or Section 6.16.

 

“Intellectual Property
Security Agreement Supplement” means, collectively, any intellectual property security agreement supplement entered into in
connection with, and pursuant to the terms of, any Intellectual Property Security Agreement.

 

“Intercompany Note”
means an intercompany note, in substantially the form of Exhibit H hereto, or otherwise in form and substance reasonably satisfactory
to the Administrative Agent and the Borrower.

 

“Interest Payment
Date” means, (a) as to any Loan other than a Base Rate Loan, the last day of each Interest Period applicable to such Loan
and the Maturity Date of the Facility under which such Loan was made; provided, however, that if any Interest Period for
a Eurodollar Rate Loan exceeds three (3) months, the respective dates that fall every three (3) months after the beginning of
such Interest Period shall also be Interest Payment Dates; and (b) as to any Base Rate Loan, the last Business Day of each March,
June, September and December, and the Maturity Date of the Facility under which such Loan was made, commencing December 31,
2021.

 

“Interest Period”
means, as to each Eurodollar Rate Loan, the period commencing on the date such Eurodollar Rate Loan is disbursed or converted to or continued
as a Eurodollar Rate Loan and ending on the date one (1), three (3) or six (6) months thereafter, or to the extent consented
to by all Appropriate Lenders, twelve (12) months thereafter (or such shorter interest period as may be agreed to by all Lenders of the
applicable Tranche) as the Borrower may elect; as selected by the Borrower in a 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 unless
such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business Day;

 

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

 

    	 	46	 

     

    

 

(c)            no
Interest Period shall extend beyond the scheduled Maturity Date of the Facility under which such Loan was made;

 

provided
further that the Interest Period for any Borrowing to be made on the Closing Date (which Interest Period shall commence on
the Closing Date) may end on December 31, 2021.

 

“Interpolated Rate”
means, with respect to any Eurodollar Rate Borrowing for any Interest Period, a rate per annum which results from interpolating on a linear
basis between (a) the applicable Screen Rate for the longest maturity for which a Screen Rate is available that is shorter than such
Interest Period and (b) the applicable Screen Rate for the shortest maturity for which a Screen Rate is available that is longer
than such Interest Period, in each case as of 11:00 a.m., London time on the day two (2) Business Days prior to the first day of
such Interest Period.

 

“Investment”
means, with respect to any Person, (i) all investments by such Person in other Persons (including Affiliates) in the form of (a) loans
(including guarantees of Indebtedness), (b) advances or capital contributions (excluding accounts receivable, trade credit and advances
or other payments made to customers, dealers, suppliers and distributors and payroll, commission, travel and similar advances to officers,
directors, managers, employees consultants and independent contractors made in the ordinary course of business), and (c) purchases
or other acquisitions for consideration of Indebtedness, Equity Interests or other securities issued by any other Person and (ii) investments
that are required by GAAP to be classified on the balance sheet of the Borrower in the same manner as the other investments included in
clause (i) of this definition to the extent such transactions involve the transfer of cash or other property; provided that
Investments shall not include, in the case of the Borrower and the Restricted Subsidiaries, intercompany loans, advances, or Indebtedness
having a term not exceeding 364 days (inclusive of any roll-over or extensions of terms) and made in the ordinary course of business.
If the Borrower or any Restricted Subsidiary sells or otherwise disposes of any Equity Interests of any Restricted Subsidiary, or any
Restricted Subsidiary issues any Equity Interests, in either case, such that, after giving effect to any such sale or disposition, such
Person is no longer a Subsidiary of the Borrower, the Borrower shall be deemed to have made an Investment on the date of any such sale
or other disposition equal to the Fair Market Value of the Equity Interests of and all other Investments in such Restricted Subsidiary
retained. In no event shall a guarantee of an operating lease or Non-Financing Lease Obligations of the Borrower or any Restricted Subsidiary
be deemed an Investment. For purposes of the definition of “Unrestricted Subsidiary” and Section 7.05:

 

(1)            “Investments”
shall include the portion (proportionate to the Borrower’s equity interest in such Subsidiary) of the Fair Market Value of the net
assets of a Subsidiary of the Borrower at the time that such Subsidiary is designated an Unrestricted Subsidiary; provided, however,
that upon a redesignation of such Subsidiary as a Restricted Subsidiary, the Borrower shall be deemed to continue to have a permanent
 “Investment” in an Unrestricted Subsidiary in an amount (if positive) equal to:

 

(a)            the
Borrower’s “Investment” in such Subsidiary at the time of such redesignation; less

 

(b)            the
portion (proportionate to the Borrower’s equity interest in such Subsidiary) of the Fair Market Value of the net assets of such
Subsidiary at the time of such redesignation; and

 

    	 	47	 

     

    

 

(2)            any
property transferred to or from an Unrestricted Subsidiary shall be valued at its Fair Market Value at the time of such transfer.

 

The amount of any Investment
outstanding at any time (including for purposes of calculating the amount of any Investment outstanding at any time under any provision
of Section 7.05 and otherwise determining compliance with Section 7.05) shall be the original cost of such Investment (determined,
in the case of any Investment made with assets of the Borrower or any Restricted Subsidiary, based on the Fair Market Value of the assets
invested and without taking into account subsequent increases or decreases in value), reduced by any dividend, distribution, interest
payment, return of capital, repayment or other amount received in cash by the Borrower or a Restricted Subsidiary in respect of such Investment
and shall be net of any Investment by such Person in the Borrower or any Restricted Subsidiary.

 

“Investment Grade
Rating” means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P,
or an equivalent rating by any other “nationally recognized statistical rating organization” within the meaning of Section 3
under the Exchange Act selected by the Borrower as a replacement agency for Moody’s or S&P, as the case may be.

 

“Investment Grade
Securities” means:

 

(1)            securities
issued or directly and guaranteed or insured by the U.S. government or any agency or instrumentality thereof (other than Cash Equivalents),

 

(2)            securities
that have an Investment Grade Rating, but excluding any debt securities or instruments constituting loans or advances among the Borrower
and its Subsidiaries,

 

(3)            investments
in any fund that invests at least 95.0% of its assets in investments of the type described in clauses (1) and (2) above and
clause (4) below which fund may also hold immaterial amounts of cash pending investment and/or distribution, and

 

(4)            corresponding
instruments in countries other than the United States customarily utilized for high quality investments and in each case with maturities
not exceeding two years from the date of acquisition.

 

“Investors”
has the meaning specified in the definition of “Transactions”.

 

“IP Cross-License
Agreement” the IP Cross-License Agreement (as defined in the Purchase Agreement), to be entered into on or prior to the Closing
Date, as amended, restated, amended and restated, modified or supplemented from time to time.

 

“IRS” means
the United States Internal Revenue Service.

 

“ISDA CDS Definitions”
has the meaning specified in Section 10.01.

 

“Japanese Yen”
and “¥” means freely transferable lawful money of Japan.

 

“joint venture”
means any joint venture or similar arrangement (in each case, regardless of legal formation), including but not limited to collaboration
arrangements, profit sharing arrangements or other contractual arrangements.

 

“Junior Financing”
has the meaning specified in Section 7.05(3).

 

    	 	48	 

     

    

 

“Junior Financing
Document” means any documentation governing any Junior Financing.

 

“Junior Lien Obligations”
shall mean any Indebtedness secured by Liens on the Collateral ranking junior to the Liens on the Collateral securing the Initial Term
Loans (but without regard to the control of remedies).

 

“JV Distribution”
means, at any time, 50% of the aggregate amount of all cash dividends or distributions received by the Borrower or any of its Restricted
Subsidiaries as a return on an Investment in a Permitted Joint Venture during the period from the Closing Date through the end of the
fiscal quarter most recently ended for which financial statements are internally available; provided that the Borrower or any of its Restricted
Subsidiaries are not required to reinvest such dividends or distributions in the Permitted Joint Venture.

 

“Latest Maturity
Date” means, at any date of determination, the latest maturity or expiration date applicable to any Term Loan Tranche at such
time under this Agreement, in each case as extended in accordance with this Agreement from time to time.

 

“Laws”
means, collectively, all applicable international, foreign, federal, state and local statutes, treaties, rules, guidelines, regulations,
ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by
any Governmental Authority charged with the enforcement, interpretation or administration thereof, and all applicable administrative orders,
directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority.

 

“Legal Reservations”
means:

 

(a)            the
principle that equitable remedies may be granted or refused at the discretion of a court, the limitation of enforcement by laws relating
to insolvency, bankruptcy, liquidation, judicial management, reorganization, court schemes, moratoria, administration and other laws generally
affecting the rights of creditors and similar principles or limitations under the laws of any applicable jurisdiction;

 

(b)            the
time barring of claims under applicable limitation laws, the possibility that an undertaking to assume liability for or indemnify a person
against non-payment of stamp duty may be void and defenses of set-off or counterclaim and similar principles or limitations under the
laws of any applicable jurisdiction;

 

(c)            any
general principles, reservations or qualifications, in each case as to matters of law as set out in any legal opinion delivered to the
Administrative Agent in connection with any provision of any Loan Document;

 

(d)            the
principle that any additional interest imposed under any relevant agreement may be held to be unenforceable on the grounds that it is
a penalty and thus void;

 

(e)            with
respect to any Foreign Subsidiary, the principle that in certain circumstances security granted by way of fixed charge may be characterized
as a floating charge or that security purported to be constituted by way of an assignment may be recharacterized as a charge;

 

(f)            the
principle that a court may not give effect to an indemnity for legal costs incurred by an unsuccessful litigant;

 

    	 	49	 

     

    

 

(g)            the
principle that the creation or purported creation of security over any contract or agreement which is subject to a prohibition against
transfer, assignment or charging may be void, ineffective or invalid and may give rise to a breach entitling the contracting party to
terminate or take any other action in relation to such contract or agreement;

 

(h)            provisions
of a contract being invalid or unenforceable for reasons of oppression or undue influence; and

 

(i)             similar
principles, rights and defenses under the laws of any relevant jurisdiction.

 

“Lender”
has the meaning specified in the introductory paragraph to this Agreement.

 

“Lender-Related Persons”
has the meaning specified in Section 10.15(d).

 

“Lending Office”
means, as to any Lender, the office or offices of such Lender described as such in such Lender’s Administrative Questionnaire, or
such other office or offices as a Lender may from time to time notify the Borrower and the Administrative Agent.

 

“Lien”
means, with respect to any asset, any mortgage, lien, pledge, hypothecation, charge, security interest, preference, priority or encumbrance
of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law (including any conditional
sale or other title retention agreement, any lease in the nature thereof, any option or other agreement to give a security interest in
and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent or similar statutes) of
any jurisdiction); provided that in no event shall an operating lease (or any precautionary filing made in connection therewith)
or an agreement to sell be deemed to constitute a Lien.

 

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

 

“Limited Purpose
Subsidiary” has the meaning specified in the definition of “Excluded Property.”

 

“Loan”
means an extension of credit by a Lender to the Borrower under Article II in the form of a Term Loan.

 

“Loan Documents”
means, collectively, (i) this Agreement, (ii) the Notes, (iii) the Guaranty, (iv) the Collateral Documents, (v) the
ABL Intercreditor Agreement, (vi) the Term Loan Intercreditor Agreement, (vii) any other intercreditor agreement required to
be entered into pursuant to the terms of this Agreement, (viii) any agreement creating or perfecting rights in Cash Collateral pursuant
to the provisions of Section 2.16 of this Agreement and (ix) any Refinancing Amendment.

 

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

 

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

 

“Majority Lenders”
of any Tranche means those Non-Defaulting Lenders which would constitute the Required Lenders under, and as defined in, this Agreement
if all outstanding Obligations of the other Tranches under this Agreement were repaid in full and all Commitments with respect thereto
were terminated.

 

    	 	50	 

     

    

 

“Management Agreement”
means that certain Management Services Agreement, dated as of June 29, 2018, among Vertex Holdings, the Borrower, the other parties
thereto and AIP Manager, as the same may be amended, restated, supplemented or otherwise modified from time to time to the extent such
amendment, restatement, supplement or other modification is not materially disadvantageous to the Lenders; provided that any amendment,
restatement, supplement or other modification thereof that adds (i) a management, consulting, monitoring, advisory or similar fee
payable to the AIP Manager or any Affiliate thereof in an amount not to exceed $2,500,000 in any fiscal year or (ii) customary transaction
fees, expense reimbursement or indemnities in favor of the AIP Manager or any Affiliate thereof shall, in each case, be deemed not to
be materially disadvantageous to the Lenders.

 

“Margin Stock”
has the meaning assigned to such term in Regulation U of the FRB as from time to time in effect.

 

“Market Capitalization”
means an amount equal to (1) the total number of issued and outstanding shares of common Capital Stock of Holdings or any applicable
Parent Holding Company, as applicable, on the date of the declaration of a Restricted Payment multiplied by (2) the arithmetic mean
of the closing prices per share of such common Equity Interests on the principal securities exchange on which such common Equity Interests
are traded for the 30 consecutive trading days immediately preceding the date of declaration of such Restricted Payment.

 

“Market Intercreditor
Agreement” means (a) to the extent executed in connection with the incurrence of Indebtedness secured by Liens on the Collateral
which are intended to rank senior to the Liens on the Collateral securing the Secured Obligations, the Term Loan Intercreditor or a customary
intercreditor agreement in form and substance reasonably acceptable to the Administrative Agent, the Collateral Agent and the Borrower,
which agreement shall provide that the Liens on the Collateral securing such Indebtedness shall rank senior in priority to the Liens on
the Collateral securing the Secured Obligations, (b) to the extent executed in connection with the incurrence of Indebtedness secured
by Liens on the Collateral which are intended to rank equal in priority to the Liens on the Collateral securing the Secured Obligations
(without regard to the control of remedies), a customary intercreditor agreement in form and substance reasonably acceptable to the Administrative
Agent, the Collateral Agent and the Borrower, which agreement shall provide that the Liens on the Collateral securing such Indebtedness
shall rank equal in priority to the Liens on the Collateral securing the Secured Obligations (without regard to the control of remedies),
(c) to the extent executed in connection with the incurrence of Indebtedness secured by Liens on the Collateral which are intended
to rank junior to the Liens on the Collateral securing the Secured Obligations, a customary intercreditor agreement in form and substance
reasonably acceptable to the Administrative Agent, the Collateral Agent and the Borrower, which agreement shall provide that the Liens
on the Collateral securing such Indebtedness shall rank junior in priority to the Liens on the Collateral securing the Secured Obligations
and (d) to the extent executed in connection with the incurrence of Indebtedness secured by Liens on the Collateral which are intended
to rank senior in priority with respect to the ABL Priority Collateral (or the assets secured on a priority basis under any ABL Facility)
and junior in priority with respect to the Term Loan Priority Collateral (or the assets secured on a junior lien basis under any ABL Facility),
the ABL Intercreditor Agreement or another customary intercreditor agreement in form and substance reasonably acceptable to the Administrative
Agent, the Collateral Agent and the Borrower, which shall provide that the Liens on the Collateral securing such Indebtedness shall rank
senior in priority with respect to the ABL Priority Collateral (or the assets secured on a priority basis under any ABL Facility) and
junior in priority with respect to the Term Loan Priority Collateral (or the assets secured on a junior lien basis under any ABL Facility).

 

“Material Adverse
Effect” means (a) on the Closing Date, a Target Business Material Adverse Effect and (b) after the Closing Date, (i) a
material adverse effect on the business, financial condition or results of operations of the Borrower and its Subsidiaries, taken as a
whole, (ii) a material adverse effect on the ability of the Loan Parties (taken as a whole) to perform their respective payment obligations
under the Loan Documents or (iii) a material adverse effect on the material remedies, taken as a whole, of the Administrative Agent
under the Loan Documents.

 

    	 	51	 

     

    

 

“Material Intellectual
Property or Contracts” has the meaning set forth in Section 7.04.

 

“Material Real Property”
means any parcel of real property (other than a parcel with a Fair Market Value as of the Closing Date (or, in the case of after-acquired
property, as of the date of acquisition thereof) of less than $16,000,000 and other than a parcel constituting Excluded Property) owned
in fee by a Loan Party and located in the United States.

 

“Maturity Date”
means, with respect to the Initial Term Loans, the earliest of (i) December 6, 2029, (ii) the date of termination in whole
of the Initial Term Commitments pursuant to Section 2.06(a) prior to any Initial Term Borrowing and (iii) the date that
the Initial Term Loans are declared due and payable pursuant to Section 8.02; provided that the reference to Maturity Date
with respect to (i) Term Loans that are the subject of a loan modification offer pursuant to Section 10.01 and (ii) Term
Loans that are Incurred pursuant to Section 2.14 or 2.18 shall, in each case, be the final maturity date as specified in the loan
modification documentation, incremental documentation, or specified refinancing documentation, as applicable thereto; provided further,
in each case, that if such day is not a Business Day, the applicable Maturity Date shall be the Business Day immediately preceding such
day.

 

“Maximum
Leverage Requirement” means, with respect to any Indebtedness, the requirement that, on a Pro Forma Basis, after giving effect
to such increase and the use of proceeds thereof, (i) with respect to any such Indebtedness secured by all or any portion of the
Collateral on a pari passu or junior basis with the Liens securing the Obligations, (x) the Consolidated Secured Net Leverage
Ratio does not exceed 5.50 to 1.00 or (y) if such Indebtedness is Incurred in connection with an Investment, the Consolidated Secured
Net Leverage Ratio does not exceed the greater of (A) 5.50 to 1.00 and (B) the Consolidated Secured Net Leverage Ratio immediately
prior to the consummation of such Investment and (iii) with respect to any such Indebtedness that is unsecured or secured solely
by a Lien on assets that are not Collateral, either (x)(I) the Consolidated Interest Coverage Ratio is not less than 2.00 to 1.00
or (II) if such Indebtedness is Incurred in connection with an Investment, the Consolidated Interest Coverage Ratio is not less than
the lower of (A) 2.00 to 1.00 and (B) the Consolidated Interest Coverage Ratio immediately prior to the consummation of such
Investment or (y)(I) the Consolidated Total Net Leverage Ratio does not exceed 6.00 to
1.00 or (II) if such Indebtedness is Incurred in connection with an Investment, the Consolidated Total Net Leverage Ratio does not
exceed the greater of (A) 6.00 to 1.00 and (B) the Consolidated Total Net Leverage
Ratio immediately prior to the consummation of such Investment; provided, that solely for the purpose of calculating the Consolidated
Secured Net Leverage Ratio and Consolidated Total Net Leverage Ratio pursuant to this definition, any cash proceeds from Indebtedness
then being Incurred shall be excluded for purposes of cash netting.

 

“Maximum Rate”
has the meaning specified in Section 10.10.

 

“MFN Adjustment”
has the meaning specified in Section 2.14(c).

 

“Minimum Tender Condition”
has the meaning specified in Section 2.19(b).

 

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

 

“Mortgage”
means, collectively, the deeds of trust, trust deeds, deeds to secure debt and mortgages in respect of Mortgaged Properties in the United
States made by the Loan Parties in favor or for the benefit of the Collateral Agent on behalf of the Secured Parties in form and substance
reasonably satisfactory to the Borrower and Administrative Agent, in each case as the same may be amended, amended and restated, extended,
supplemented, substituted or otherwise modified from time to time.

 

    	 	52	 

     

    

 

“Mortgage Policies”
has the meaning specified in Section 6.14(ii).

 

“Mortgaged Properties”
means the parcels of real property identified on Schedule 4 of the Perfection Certificate and any Material Real Property with respect
to which a Mortgage is required pursuant to Section 6.12 or 6.14.

 

“Multiemployer Plan”
means a “multiemployer plan” as defined in Section 4001(a)(3) of ERISA, to which any Loan Party or any ERISA Affiliate
makes or is obligated to make contributions.

 

“Natural Person”
means (a) any natural person or (b) a holding company, investment vehicle or trust for, or owned and operated for the primary
benefit of, a natural person.

 

“Net Cash Proceeds”
means:

 

(a)            with
respect to the Disposition of any asset by the Borrower or any of its Restricted Subsidiaries (other than any Disposition of any receivables
in a Qualified Receivables Financing by Holdings or any of its Restricted Subsidiaries to a Receivables Subsidiary) or any Casualty Event,
the excess, if any, of (i) the sum of cash and Cash Equivalents received in connection with such Disposition or Casualty Event (including
any cash or Cash Equivalents received by way of deferred payment pursuant to, or by monetization of, a note receivable or otherwise, but
only as and when so received and, with respect to any Casualty Event, any insurance proceeds or condemnation awards in respect of such
Casualty Event received by or paid to or for the account of the Borrower or any of its Restricted Subsidiaries and including any proceeds
received as a result of unwinding any related Swap Contract in connection with such related transaction) over (ii) the sum of:

 

(A)            the
principal amount of any Indebtedness that is secured by a Lien on the asset subject to such Disposition or Casualty Event and that is
required to be repaid in connection with such Disposition or Casualty Event (other than (x) Indebtedness under the Loan Documents
and (y) if such asset constitutes Collateral, any Indebtedness secured by such asset with a Lien ranking pari passu with or
junior to the Lien securing the First Lien Obligations), together with any applicable premiums, penalties, interest or breakage costs,

 

(B)            the
fees and out-of-pocket expenses incurred by the Borrower or such Restricted Subsidiary in connection with such Disposition or Casualty
Event (including attorneys’ fees, accountants’ fees, investment banking fees, survey costs, title insurance premiums, and
related search and recording charges, transfer taxes, deed or mortgage recording taxes, other customary expenses and brokerage, consultant
and other customary fees actually incurred in connection therewith),

 

(C)            all
taxes or tax distributions paid or reasonably estimated to be payable in connection with such Disposition or Casualty Event and any costs
associated with receipt or distribution by the applicable taxpayer of such proceeds in connection with the repatriation of such proceeds
to the United States,

 

(D)            any
costs associated with unwinding any related Swap Contract in connection with such transaction,

 

    	 	53	 

     

    

 

 

(E)            any
reserve for adjustment in respect of (x) the sale price of the property that is the subject of such Disposition established in accordance
with GAAP and (y) any liabilities associated with such property and retained by the Borrower or any of its Restricted Subsidiaries
after such Disposition, including pension and other post-employment benefit liabilities and liabilities related to environmental matters
or against any indemnification obligations associated with such transaction, and it being understood that “Net Cash Proceeds”
shall include, without limitation, any cash or Cash Equivalents (i) received upon the Disposition of any non-cash consideration received
by the Borrower or any of its Restricted Subsidiaries in any such Disposition and (ii) upon the reversal (without the satisfaction
of any applicable liabilities in cash in a corresponding amount) of any reserve described in this clause (E), and

 

(F)            in
the case of any Disposition or Casualty Event by a Restricted Subsidiary that is a joint venture or other non-Wholly Owned Restricted
Subsidiary, the pro rata portion of the Net Cash Proceeds thereof (calculated without regard to this clause (F)) attributable to
the minority interests and not available for distribution to or for the account of Holdings or a Wholly Owned Restricted Subsidiary as
a result thereof; and

 

(b)            with
respect to the Incurrence or issuance of any Indebtedness by the Borrower or any of its Restricted Subsidiaries, the excess, if any, of
(i) the sum of the cash received in connection with such Incurrence or issuance and in connection with unwinding any related Swap
Contract in connection therewith over (ii) the investment banking fees, underwriting discounts and commissions, premiums, expenses,
accrued interest and fees related thereto, taxes reasonably estimated to be payable and other out-of-pocket expenses and other customary
expenses, incurred by the Borrower or such Restricted Subsidiary in connection with such Incurrence or issuance and any costs associated
with unwinding any related Swap Contract in connection therewith and, in the case of Indebtedness of any Foreign Subsidiary, deductions
in respect of withholding taxes that are or would otherwise be payable in cash if such funds were repatriated to the United States.

 

“Net Short
Lender” has the meaning specified in Section 10.01.

 

“New Incremental
Notes” has the meaning specified in Section 2.15(a).

 

“New Incremental
Notes Indentures” means, collectively, the indentures or other similar agreements pursuant to which any New Incremental Notes
are issued, together with all instruments and other agreements in connection therewith, as amended, supplemented or otherwise modified
from time to time in accordance with the terms thereof, but only to the extent permitted under the terms of the Loan Documents.

 

“New Loan
Commitments” has the meaning specified in Section 2.14(a).

 

“New Term
Commitment” has the meaning specified in Section 2.14(a).

 

“New Term
Facility” has the meaning specified in Section 2.14(a).

 

“New Term
Loan” has the meaning specified in Section 2.14(a).

 

“Non-Consenting
Lender” has the meaning specified in Section 3.08(c).

 

“Non-Defaulting
Lender” means any Lender other than a Defaulting Lender.

 

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“Non-Financing Lease
Obligation” means a lease obligation that is not required to be accounted for as a financing or capital lease on both the balance
sheet and the income statement for financial reporting purposes in accordance with GAAP. For the avoidance of doubt, subject to Section 1.03(d),
a straight-line or operating lease (including any lease that would not have been a capital lease under GAAP prior to giving effect to
FASB ASC 842 (or any similar accounting principle)) shall be considered a Non-Financing Lease Obligation.

 

“Non-Loan Party”
means any Restricted Subsidiary of the Borrower that is not a Loan Party.

 

“Note”
means a promissory note of the Borrower payable to any Term Lender or its registered assigns, in substantially the form of Exhibit B
hereto, evidencing the indebtedness of the Borrower to such Term Lender resulting from the Term Loans under the same Term Loan Tranche
made or held by such Term Lender.

 

“Obligations”
means all advances to, and debts, liabilities, obligations, covenants and duties of, any Loan Party arising under any Loan Document or
otherwise with respect to any Loan, Secured Cash Management Agreement or Secured Hedge 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, fees and other amounts that accrue after the commencement by or against any Loan Party of any proceeding under any Debtor Relief
Laws naming such Person as the debtor in such proceeding, regardless of whether such interest, fees and other amounts are allowed claims
in such proceeding; provided that (a) obligations of any Loan Party under any Secured Cash Management Agreement or Secured
Hedge Agreement shall be secured and guaranteed pursuant to the Collateral Documents only to the extent that, and for so long as, the
other Obligations are so secured and guaranteed, (b) any release of Collateral or Guarantors effected in the manner permitted by
this Agreement shall not require the consent of holders of obligations under Secured Hedge Agreements or Secured Cash Management Agreements
and (c) the Obligations with respect to any Guarantor shall not include Excluded Swap Obligations of such Guarantor.

 

“OFAC”
has the meaning specified in Section 5.19(b).

 

“OID” means
original issue discount.

 

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

 

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“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, grant of a participation or designation of a new office for receiving payments by or on account of the Borrower (other
than an assignment or designation of a new office made pursuant to Section 3.07(b) or Section 3.08).

 

“Outstanding Amount”
means, with respect to the Term Loans on any date, the aggregate outstanding principal amount thereof after giving effect to any borrowings
and prepayments or repayments of the Term Loans occurring on such date.

 

“Parent Holding Company”
means any direct or indirect parent entity of Holdings which holds (or together with other Parent Holding Companies holds) directly or
indirectly 100% of the Equity Interests of Holdings.

 

“Participant”
has the meaning specified in Section 10.07(d).

 

“Participant Register”
has the meaning specified in Section 10.07(m).

 

“Participating Member
State” means each state as described in any EMU Legislation.

 

“PATRIOT Act”
has the meaning specified in Section 10.22.

 

“Payment Block”
has the meaning specified in Section 2.05(b)(ix).

 

“Payment Notice”
has the meaning assigned to it in Section 9.18(a).

 

“Payment Recipient”
has the meaning assigned to it in Section 9.18(a).

 

“PBGC”
means the Pension Benefit Guaranty Corporation.

 

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

 

“Perfection Certificate”
means that certain Perfection Certificate, dated as of the date hereof, executed by the Borrower.

 

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“Perfection Exceptions”
means that (a) with respect to any Collateral located in the United States, no Loan Party shall be required to (i) other than
as expressly required by the Security Agreement, enter into control agreements with respect to, or otherwise perfect any security interest
by “control” (or similar arrangements) over securities accounts, deposit accounts, other bank accounts, cash and cash equivalents
and accounts related to the clearing, payment processing and similar operations of the Borrower and the Restricted Subsidiaries, (ii) perfect
any pledge, security interest or mortgage other than by, as applicable, (1) the filing of a UCC-1 financing statement, (2) the
filing in any applicable real estate records in the United States with respect to any mortgaged property or any fixture relating to any
mortgaged property, (3) the filing of intellectual property security agreements the United States Copyright Office or the United
States Patent and Trademark Office with respect to intellectual property, (4) delivering Stock Certificates and the Pledged Debt
(as defined in the Security Agreement) and (5) the applicable filings with respect to Government Contracts pursuant to Section 6.20,
(iii) enter into any source code escrow arrangement or register any intellectual property, (iv) send notices to account debtors
or other contractual third-parties unless an Event of Default has not been cured or waived and is continuing and the Administrative Agent
has exercised its rights pursuant to Section 8.02 of this Agreement, (v) (a) enter into any security documents to be governed
by the law of any jurisdiction in which assets are located other than the United States or any state thereof (or the District of Columbia)
or (b) create any security interests in assets located, titled, registered or filed outside of the United States or any state thereof
(or the District of Columbia) or to perfect such security interests (provided that this clause (v) shall not be deemed to apply to
any Foreign Subsidiary that is a Guarantor with respect to foreign jurisdictions to be mutually agreed between the Borrower and the Administrative
Agent or any Equity Interests of any Foreign Subsidiary that is a Guarantor), (vi) deliver landlord waivers, estoppels or collateral
access letters or (vii) except as provided in Section 6.20, take any action with respect to contract rights arising under
any agreement with governmental agencies of the United States of America or otherwise comply with, or deliver any documents, agreements
or instruments in connection with, the FACA Requirements.

 

“Permitted ABL Debt”
means the ABL Obligations (including any additional Indebtedness permitted to be Incurred under any incremental facilities potentially
available under the ABL Credit Agreement as in effect on the Closing Date) in an outstanding principal amount not to exceed 125% of the
greater of (a) $175.0 million and (b) the sum of (i) 85% of the book value of Eligible Accounts Receivable, Eligible Government
Accounts Receivable and Eligible Government Subcontract Accounts Receivable (each as defined in the ABL Credit Agreement or such similar
defined terms contained in any other ABL Facility), (ii) 75% of the Book Value (as defined in the ABL Credit Agreement or such similar
defined term contained in any other ABL Facility) of Eligible Inventory (as defined in the ABL Credit Agreement or such similar defined
term contained in any other ABL Facility) and (iii) 100% of cash and Cash Equivalents, in each case, of the Borrower and its Restricted
Subsidiaries.

 

“Permitted Asset
Swap” means the substantially concurrent purchase and sale or exchange of Related Business Assets or a combination of Related
Business Assets and cash or Cash Equivalents between Holdings or any of its Restricted Subsidiaries and another Person; provided
that any cash or Cash Equivalents received must be applied in accordance with Section 7.04.

 

“Permitted
Debt” has the meaning specified in Section 7.01.

 

“Permitted Debt Exchange”
has the meaning specified in Section 2.19(a).

 

“Permitted Debt Exchange
Notes” means Indebtedness in the form of unsecured, pari passu or junior lien notes; provided that such Indebtedness
(i) except in the case of Permitted Earlier Maturity Debt, does not mature prior to the Latest Maturity Date of the Term Loan Tranche
being exchanged, (ii) the covenants of such Indebtedness, taken as a whole, either (A) reflect market terms at the time of issuance
of such Permitted Debt Exchange Notes (or the time of obtaining a commitment with respect thereto) (as determined by the Borrower in good
faith) or (B) are not more restrictive to the Borrower and the Restricted Subsidiaries than those contained in the Loan Documents
applicable to the Term Loan Tranche being exchanged (taken as a whole) (except for (x) covenants applicable only to periods after
the Maturity Date of the applicable Facility existing at the time of Incurrence or issuance of such Permitted Debt Exchange Notes and
(y) any covenants to the extent such covenants are also added for the benefit of the lenders under the applicable Facility), (iii) such
Indebtedness is not guaranteed by any Restricted Subsidiary other than Guarantors, and (iv) to the extent secured, such Indebtedness
is not secured by property of any Loan Party or its Subsidiaries other than the Collateral (in each case, subject to a Market Intercreditor
Agreement).

 

“Permitted Debt Exchange
Offer” has the meaning specified in Section 2.19(a).

 

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“Permitted Earlier
Maturity Debt” means at the option of the Borrower (in its sole discretion), Indebtedness incurred with a final maturity
date prior to the earliest maturity date otherwise expressly required under this Agreement with respect to such Indebtedness and/or a
Weighted Average Life to Maturity shorter than the minimum Weighted Average Life to Maturity otherwise expressly required under this Agreement
with respect to such Indebtedness in an aggregate outstanding principal amount not to exceed the greater of (a) $103,000,000 and
(b) 50.0% of Consolidated EBITDA of the Group Parties for the most recently ended Test Period (calculated on a Pro Forma Basis),
in each case, solely to the extent the final maturity date of such Indebtedness is expressly restricted from occurring prior to such earliest
maturity date, or the Weighted Average Life to Maturity of such Indebtedness is expressly restricted from being shorter than the minimum
Weighted Average Life otherwise required, under the applicable Basket.

 

“Permitted
First Lien Debt” means Indebtedness (x) outstanding pursuant to the First Lien Loan Documents (including any First Lien
Term Loans), (y) consisting of New Loan Commitments, New Incremental Notes or Incremental Equivalent Debt (each as defined in the
First Lien Credit Agreement as in effect on the date hereof) or (z) otherwise incurred by the Borrower or any other Credit Party
and consisting of Indebtedness secured by Liens on the Collateral that are senior in priority to the Liens on the Collateral securing
the Obligations, Junior Lien Obligations (as defined in the First Lien Credit agreement as in effect on the date hereof) and unsecured
Indebtedness (including, in each case of the foregoing sub-clauses (x), (y) and (z), any guarantee thereof),
in each case, in an aggregate principal amount not to exceed the sum of (i) $925,000,000, plus (ii) the aggregate principal
amount of Indebtedness permitted to be incurred pursuant to Sections 2.14 or 2.15 of the First Lien Credit Agreement as in effect on the
date hereof or in the form of Incremental Equivalent Debt (as defined in the First Lien Credit Agreement as in effect on the date hereof),
plus (iii) in the event of a refinancing or exchange of any Indebtedness set forth in this clause (v), any Available Incremental
Amount incurred in connection with the refinancing or exchange of such Indebtedness.

 

“Permitted Holders”
means each of (a) the Sponsor, (b) current, future and former managers and members of management of Holdings (or any Permitted
Parent (other than clause (b) of the definition thereof)) or its Subsidiaries that have ownership interests in Holdings (or such
Permitted Parent (other than clause (b) of the definition thereof)), (c) any other beneficial owner in the common equity of
Holdings (or such Permitted Parent (other than clause (b) of the definition thereof)) as of the Closing Date or any Person identified
to the Administrative Agent prior to the Closing Date to which common equity of Holdings (or such Permitted Parent) will be transferred
after the Closing Date, (d) any group (within the meaning of Rule 13d-5 under the Exchange Act) of which any of the Persons
described in clauses (a), (b) or (c) above are members (and, in each case, with respect to any such Person that is a natural
person, his or her Immediate Family Members); provided that, without giving effect to the existence of such group or any other
group, any of the Persons described in clauses (a), (b) and (c), collectively, beneficially own Voting Stock representing 50% or
more of the total voting power of the Voting Stock of Holdings (or any Permitted Parent (other than clause (b) of the definition
thereof)) then held by such group, and (e) any Permitted Parent.

 

“Permitted Investments”
means:

 

(1)            any
Investment in cash and Cash Equivalents or Investment Grade Securities and Investments that were Cash Equivalents or Investment Grade
Securities when made;

 

(2)            any
Investment in the Borrower or any Restricted Subsidiary;

 

(3)            [reserved];

 

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(4)            any
Investment by the Borrower or any Restricted Subsidiary in a Person that is primarily engaged in a Similar Business if as a result of
such Investment (a) such Person becomes a Restricted Subsidiary, or (b) such Person, in one transaction or a series of related
transactions, is merged, consolidated or amalgamated with or into, or transfers or conveys all or substantially all of its assets constituting
a business unit, a line of business or a division of such Person, to, or is liquidated into, the Borrower or a Restricted Subsidiary (and
any Investment held by such Person that was not acquired by such Person in contemplation of so becoming a Restricted Subsidiary or in
contemplation of such merger, consolidation, amalgamation, transfer, conveyance or liquidation); provided that no Specified Event of Default
shall exist at the time of the consummation of such Investment;

 

(5)            any
Investment in securities or other assets received in connection with an Asset Sale made pursuant to Section 7.04 or any other Disposition
of assets not constituting an Asset Sale;

 

(6)            any
Investment (x) existing on the Closing Date and, in the case of Investments having a Fair Market Value in excess of $16,000,000,
listed on Schedule 7.05, (y) made pursuant to binding commitments in effect on the Closing Date or (z) that replaces,
refinances, refunds, renews or extends any Investment described under either of the immediately preceding clauses (x) or (y); provided
that any such Investment is in an amount that does not exceed the amount replaced, refinanced, refunded, renewed or extended, except as
contemplated pursuant to the terms of such Investment in existence on the Closing Date or as otherwise permitted under this definition
or otherwise under Section 7.05;

 

(7)            loans
and advances to, or guarantees of Indebtedness of, employees, directors, officers, managers, consultants or independent contractors in
an aggregate amount, taken together with all other Investments made pursuant to this clause (7) that are at the time outstanding,
not in excess of the greater of (x) $20,000,000 and (y) 9.375% of Consolidated EBITDA of the Group Parties outstanding at any
one time in the aggregate;

 

(8)            loans
and advances to officers, directors, employees, managers, consultants and independent contractors for business related travel and entertainment
expenses, moving and relocation expenses and other similar expenses, in each case in the ordinary course of business, and loans and advances
to officers, directors, employees, managers, consultants and independent contractors to fund such Person’s purchase of Equity Interests
of the Borrower or any Parent Holding Company thereof;

 

(9)            any
Investment (x) acquired by the Borrower or any of its Restricted Subsidiaries (a) in exchange for any other Investment or accounts
receivable held by the Borrower or any such Restricted Subsidiary in connection with or as a result of a bankruptcy, workout, reorganization
or recapitalization of the Borrower or any such Restricted Subsidiary of such other Investment or accounts receivable or (b) as a
result of a foreclosure or other remedial action by the Borrower or any of its Restricted Subsidiaries with respect to any Investment
or other transfer of title with respect to any Investment in default and (y) received in compromise or resolution of (A) obligations
of trade creditors or customers that were incurred in the ordinary course of business of the Borrower or any Restricted Subsidiary, including
pursuant to any plan of reorganization or similar arrangement upon the bankruptcy or insolvency of any trade creditor or customer, or
(B) litigation, arbitration or other disputes;

 

(10)          Swap
Contracts and cash management services permitted under Section 7.01(j);

 

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(11)          any
Investment by the Borrower or any Restricted Subsidiary in a Similar Business (other than an Investment in an Unrestricted Subsidiary)
in an aggregate amount, taken together with all other Investments made pursuant to this clause (11) that are at the time outstanding,
not to exceed the greater of (x) $116,250,000 and (y) 56.25% of Consolidated EBITDA of the Group Parties; provided, however,
that if any Investment pursuant to this clause (11) is made in any Person that is not a Restricted Subsidiary at the date of the
making of such Investment and such Person becomes a Restricted Subsidiary after such date, such Investment shall thereafter be deemed
to have been made pursuant to clause (2) above and shall cease to have been made pursuant to this clause (11) for so long as
such Person continues to be a Restricted Subsidiary;

 

(12)          Investments
by the Borrower or any of its Restricted Subsidiaries in an aggregate amount, taken together with all other Investments made pursuant
to this clause (12) that are at the time outstanding, not to exceed the greater of (x) $128,750,000 and (y) 62.5% of Consolidated
EBITDA of the Group Parties; provided, however, that if any Investment pursuant to this clause (12) is made in any
Person that is not a Restricted Subsidiary at the date of the making of such Investment and such Person becomes a Restricted Subsidiary
after such date, such Investment shall thereafter be deemed to have been made pursuant to clause (2) above and shall cease to have
been made pursuant to this clause (12) for so long as such Person continues to be a Restricted Subsidiary;

 

(13)          any
transaction to the extent it constitutes an Investment that is permitted and made in accordance with the provisions of Section 6.18(b) (except
transactions described in clause (2), (3), (4), (8), (9), (13) or (14) of such Section 6.18(b));

 

(14)          Investments
the payment for which consists of Equity Interests (other than Excluded Equity) of the Borrower or any direct or indirect parent of the
Borrower, as applicable; provided, however, that such Equity Interests will not increase the amount available for Restricted
Payments under clause (c) of the first paragraph of Section 7.05 or be available to Incur Contribution Indebtedness;

 

(15)          Investments
consisting of the leasing, licensing, sublicensing or contribution of intellectual property in the ordinary course of business or pursuant
to joint marketing arrangements with other Persons;

 

(16)          Investments
consisting of purchases or acquisitions of inventory, supplies, materials and equipment or purchases, acquisitions, licenses, sublicenses
or leases or subleases of intellectual property, or other rights or assets, in each case in the ordinary course of business;

 

(17)          any
Investment in a Receivables Subsidiary or any Investment by a Receivables Subsidiary in any other Person in connection with a Qualified
Receivables Financing, including Investments of funds held in accounts permitted or required by the arrangements governing such Qualified
Receivables Financing or any related Indebtedness;

 

(18)          Investments
of a Restricted Subsidiary acquired after the Closing Date or of an entity merged into or amalgamated or consolidated with a Restricted
Subsidiary in a transaction that is not prohibited by Section 7.03 after the Closing Date to the extent that such Investments were
not made in contemplation of such acquisition, merger, amalgamation or consolidation and were in existence on the date of such acquisition,
merger, amalgamation or consolidation;

 

(19)          any
Investment by any Captive Insurance Subsidiary, which Investment is made in the ordinary course of business or consistent with industry
practice of such Captive Insurance Subsidiary, or by reason of applicable Law, rule, regulation or order, or that is required or permitted
by any regulatory authority having jurisdiction over such Captive Insurance Subsidiary or its business, as applicable;

 

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(20)          guarantees
of Indebtedness permitted to be Incurred under Section 7.01 and obligations relating to such Indebtedness and guarantees (other than
guarantees of Indebtedness) in the ordinary course of business;

 

(21)          advances,
loans or extensions of trade credit in the ordinary course of business by the Borrower or any of the Restricted Subsidiaries;

 

(22)          Investments
consisting of purchases and acquisitions of assets or services in the ordinary course of business;

 

(23)          Investments
in the ordinary course of business consisting of Uniform Commercial Code Article 3 endorsements for collection or deposit and Uniform
Commercial Code Article 4 customary trade arrangements with customers;

 

(24)          intercompany
current liabilities owed to or from Unrestricted Subsidiaries or joint ventures Incurred in the ordinary course of business in connection
with the cash management operations of the Borrower and its Subsidiaries;

 

(25)          Investments
in joint ventures of the Borrower or any of its Restricted Subsidiaries in an aggregate amount, taken together with all other Investments
made pursuant to this clause (25) that are at the time outstanding, not to exceed the greater of (x) $93,750,000 and (y) 43.75%
of Consolidated EBITDA of the Group Parties; provided that the Investments permitted pursuant to this clause may be increased by the amount
of JV Distributions, without duplication of dividends or distributions increasing amounts available pursuant to clause (c) of the
first paragraph of Section 7.05;

 

(26)          Investments
made in connection with the Transactions and any Transition Arrangements;

 

(27)          accounts
receivable, security deposits and prepayments and other credits granted or made in the ordinary course of business and any Investments
received in satisfaction or partial satisfaction thereof from financially troubled account debtors and others, including in connection
with the bankruptcy or reorganization of, or settlement of delinquent accounts and disputes with or judgments against, such account debtors
and others, in each case in the ordinary course of business;

 

(28)          Investments
acquired as a result of a foreclosure by the Borrower or any Restricted Subsidiary with respect to any secured Investments or other transfer
of title with respect to any secured Investment in default;

 

(29)          Investments
resulting from pledges and deposits that are Permitted Liens;

 

(30)          acquisitions
of obligations of one or more officers or other employees of any direct or indirect parent of the Borrower or any Subsidiary of the Borrower
in connection with such officer’s or employee’s acquisition of Equity Interests of any direct or indirect parent of the Borrower,
so long as no cash is actually advanced by the Borrower or any Restricted Subsidiary to such officers or employees in connection with
the acquisition of any such obligations;

 

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(31)          guarantees
of operating leases or Non-Finance Lease Obligations (for the avoidance of doubt, excluding Capitalized Lease Obligations) or of other
obligations that do not constitute Indebtedness, in each case, entered into by the Borrower or any Restricted Subsidiary in the ordinary
course of business;

 

(32)          Investments
consisting of the redemption, purchase, repurchase or retirement of any Equity Interests permitted by Section 7.05 ;

 

(33)          Investments
made in connection with tax planning activities or any Permitted Reorganization or Permitted IPO Reorganization; provided that,
after giving effect to any such reorganization and related activities, the security interest of the Collateral Agent in the Collateral,
taken as a whole, is not materially impaired or reduced (in each case, as determined by the Borrower in good faith);

 

(34)          Investments
made pursuant to obligations entered into when the Investment would have been permitted hereunder so long as such Investment when made
reduces the amount available under the clause under which the Investment would have been permitted;

 

(35)          Investments
made in the ordinary course of business in connection with obtaining, maintaining or renewing client and customer contracts and loans
or advances made to, and guarantees with respect to obligations of, distributors, suppliers, licensors and licensees in the ordinary course
of business;

 

(36)          Investments
made pursuant to receivables factoring arrangements entered into in the ordinary course of business;

 

(37)          Investments
so long as after giving effect to any such Investment on a Pro Forma Basis, the Consolidated Total Net Leverage Ratio shall not exceed
the greater of (x) 5.25 to 1.00 or (y) the Consolidated Total Net Leverage Ratio immediately prior to the consummation of such
Investment; and

 

(38)          Investments
in joint ventures to the extent required by, or made pursuant to customary buy/sell or put/call arrangements between the joint venture
parties set forth in the joint venture agreements and similar binding arrangements.

 

“Permitted Joint
Venture” means, with respect to any specified Person, a joint venture in any other Person engaged in a Similar Business in respect
of which the Borrower or a Restricted Subsidiary beneficially owns at least 35% of the shares of Equity Interests of such Person.

 

“Permitted IPO Reorganization”
means any transactions or actions taken in connection with and reasonably related to consummating an initial public offering of Holdings
or any direct or indirect parent thereof, so long as, after giving effect thereto, the security interest of the Collateral Agent in the
Collateral, taken as a whole, is not materially impaired or reduced (in each case as determined by the Borrower in good faith).

 

“Permitted Liens”
means, with respect to any Person:

 

(1)            Liens
Incurred in connection with workers’ compensation laws, unemployment insurance laws or similar legislation, or in connection with
bids, tenders, contracts (other than for the payment of Indebtedness) or leases to which such Person is a party, or to secure public or
statutory obligations of such Person or to secure surety, stay, customs or appeal bonds to which such Person is a party, or import duties
or for the payment of rent, in each case Incurred in the ordinary course of business;

 

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(2)            Liens
imposed by law, such as carriers’, warehousemen’s, landlords’, materialmen’s, repairman’s, construction
contractors’, mechanics’ or other like Liens, in each case for sums not yet overdue by more than 30 days or being contested
in good faith by appropriate proceedings or other Liens arising out of judgments or awards against such Person with respect to which such
Person shall then be proceeding with an appeal or other proceedings for review (or which, if due and payable, are being contested in good
faith by appropriate proceedings) or with respect to which the failure to make payment would not reasonably be expected to have a Material
Adverse Effect as determined in good faith by the management of the Borrower;

 

(3)            Liens
for taxes, assessments or other governmental charges or levies (i) which are not yet due or payable, (ii) which are being contested
in good faith by appropriate proceedings and for which adequate reserves are being maintained to the extent required by GAAP, or for property
taxes on property such Person or one of its Subsidiaries has determined to abandon if the sole recourse for such tax, assessment, charge,
levy or claim is to such property or (iii) with respect to which the failure to make payment would not reasonably be expected to
have a Material Adverse Effect;

 

(4)            Liens
Incurred or deposits made in favor of the issuers of performance and surety bonds, bid, indemnity, warranty, release, appeal or similar
bonds or with respect to regulatory requirements or letters of credit or bankers’ acceptances issued and completion of guarantees
provided for, in each case, pursuant to the request of and for the account of such Person in the ordinary course of its business;

 

(5)            survey
exceptions, encumbrances, ground leases, easements or reservations of, or rights of others for, licenses, rights-of-way, servitudes, sewers,
electric lines, drains, telegraph and telephone and cable television lines, gas and oil pipelines and other similar purposes, reservations
of rights, or zoning, building codes or other restrictions (including, without limitation, minor defects or irregularities in title and
similar encumbrances) as to the use of real properties or Liens incidental to the conduct of the business of such Person or to the ownership
of its properties which do not in the aggregate materially adversely interfere with the ordinary conduct of the business of such Person;

 

(6)            Liens
Incurred to secure obligations in respect of Indebtedness permitted to be Incurred pursuant to Section 7.01(a) or (d) and
obligations secured ratably thereunder; provided that (x) in the case of Liens securing Indebtedness that is permitted to
be Incurred pursuant to clause (d) of Section 7.01, such Lien extends only to the assets and/or Capital Stock the purchase,
acquisition, lease, installation, construction, repair, replacement or improvement of which is financed thereby (or that secures the obligations
converted from a “synthetic lease” to on-balance sheet Indebtedness) and any replacements, additions and accessions thereto
and any income or profits thereof and customary security deposits related thereto (provided that individual financings provided
by a lender may be cross collateralized to other financings provided by such lender or its affiliates) and (y) in the case of Liens
securing Indebtedness that is permitted to be Incurred pursuant to clause (a) of Section 7.01, any such Indebtedness that is
secured by a Lien on the Collateral shall be subject to a Market Intercreditor Agreement, as applicable;

 

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(7)            Liens
existing on the Closing Date and, in the case of Liens securing Indebtedness in an aggregate principal amount in excess of $16,000,000,
listed on Schedule 7.02 and any modifications, replacements, renewals or extensions thereof and, without duplication, any refinancing
(or successive refinancings thereof) of any Indebtedness secured thereby (including any cash collateral backstopping existing letters
of credit or similar instruments); provided that such modified, replacement, renewal or extension Lien, and any such Lien securing
any such refinancing, does not extend to any additional property other than (A) after-acquired property that is affixed or incorporated
into the property covered by such Lien or (B) proceeds and products thereof; provided further that individual financings provided
by a lender may be cross collateralized to other financings provided by such lender or its affiliates;

 

(8)            Liens
on assets of, or Equity Interests in, a Person at the time such Person becomes a Subsidiary; provided, however, that such
Liens are not created or Incurred in connection with, or in contemplation of, such other Person becoming such a Subsidiary; provided
further that such Liens are limited to all or a portion of the assets (and improvements on such assets) that secured (or, under the
written arrangements under which the Liens arose, could secure) the obligations to which such Liens relate; provided further that
for purposes of this clause (8), if a Person becomes a Subsidiary, any Subsidiary of such Person shall be deemed to become a Subsidiary
of the Borrower, and any property or assets of such Person or any Subsidiary of such Person shall be deemed acquired by the Borrower at
the time of such merger, amalgamation or consolidation;

 

(9)            Liens
on assets at the time the Borrower or any Restricted Subsidiary acquired the assets including any acquisition by means of a merger, amalgamation
or consolidation with or into the Borrower or such Restricted Subsidiary; provided, however, that such Liens are not created
or Incurred in connection with, or in contemplation of, such acquisition; provided further that such Liens are limited to all or
a portion of the property or assets (and improvements on such property or assets) that secured (or, under the written arrangements under
which the Liens arose, could secure) the obligations to which such Liens relate; provided further that for purposes of this clause
(9), if, in connection with an acquisition by means of a merger, amalgamation or consolidation with or into the Borrower or any Restricted
Subsidiary, a Person other than the Borrower or Restricted Subsidiary is the successor company with respect thereto, any Subsidiary of
such Person shall be deemed to become a Subsidiary of the Borrower or such Restricted Subsidiary, as applicable, and any property or assets
of such Person or any such Subsidiary of such Person (and the Equity Interests thereof) shall be deemed acquired by the Borrower or such
Restricted Subsidiary, as the case may be, at the time of such merger, amalgamation or consolidation;

 

(10)          Liens
securing Indebtedness or other obligations of the Borrower or a Subsidiary Guarantor owing to any Loan Party permitted to be Incurred
in accordance with Section 7.01;

 

(11)          Liens
securing Swap Contracts Incurred in accordance with Section 7.01;

 

(12)          Liens
on specific items of inventory or other goods and proceeds of any Person securing such Person’s obligations in respect of bankers’
acceptances or letters of credit entered into in the ordinary course of business issued or created for the account of such Person to facilitate
the purchase, shipment or storage of such inventory or other goods;

 

(13)          leases,
subleases, licenses, sublicenses, occupancy agreements or assignments of or in respect of real or personal property;

 

(14)          Liens
arising from Uniform Commercial Code financing statement filings regarding operating leases, Non-Finance Lease Obligations or consignments;

 

(15)          Liens
in favor of the Borrower or any Subsidiary Guarantor;

 

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(16)          (i) Liens
on accounts receivable and related assets of the type specified in the definition of “Receivables Financing” Incurred in connection
with a Qualified Receivables Financing, (ii) Liens securing Indebtedness or other obligations of any Receivables Subsidiary and (iii) Liens
on accounts receivable and related assets Incurred pursuant to factoring arrangements entered into in the ordinary course of business;

 

(17)          deposits
made or other security provided in the ordinary course of business to secure liability to insurance carriers or under self-insurance arrangements
in respect of such obligations;

 

(18)          Liens
on the Equity Interests of Unrestricted Subsidiaries;

 

(19)          grants
of intellectual property, software and other technology licenses;

 

(20)          judgment
and attachment Liens not giving rise to an Event of Default pursuant to Section 8.01(f), (g) or (h) and notices of lis
pendens and associated rights related to litigation being contested in good faith by appropriate proceedings;

 

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

 

(22)          Liens
Incurred to secure Cash Management Services and other “bank products” (including those described in Sections 7.01(j) and
(w));

 

(23)          Liens
to secure any refinancing, refunding, extension, renewal or replacement (or successive refinancings, refundings, extensions, renewals
or replacements) as a whole, or in part, of any Indebtedness secured by any Lien referred to in the foregoing clauses (7), (8), (9) or
(11), or succeeding clauses (24), (25), (50) or (51) of this definition or this clause (23); provided, however, that (x) such
new Lien shall be limited to all or part of the same property that secured the original Lien (plus improvements on such property,
replacements of such property, additions and accessions thereto, after-acquired property and the proceeds and the products of the foregoing
and customary security deposits in respect thereof and, in the case of multiple financings of equipment (or assets affixed or appurtenant
thereto and additions and accessions) provided by any lender, other equipment (or assets affixed or appurtenant thereto and additions
and accessions) financed by such lender or as otherwise permitted in any other exception hereunder, (y) any amounts Incurred under
this clause (23) as a refinancing indebtedness of clause (25) of this definition hereunder shall reduce the amount available under such
clause (25) and (z) any such Indebtedness that is secured by Liens on the Collateral shall be subject to a Market Intercreditor Agreement
if the Indebtedness that is so refinanced, refunded, extended, renewed or replaced was subject to a Market Intercreditor Agreement;

 

(24)          Liens
securing Indebtedness permitted to be Incurred under the first paragraph of Section 7.01 and that is permitted to be secured; provided
that any such Indebtedness that is secured by a Lien on the Collateral shall be subject to a Market Intercreditor Agreement;

 

(25)          other
Liens securing obligations the principal amount of which does not exceed the greater of (x) $156,250,000 and (y) 75.0% of Consolidated
EBITDA of the Group Parties at any one time outstanding (after giving effect to clause (23) above as applicable); provided that
any such obligations constituting Indebtedness may, at the option of the Borrower, be subject to a Market Intercreditor Agreement;

 

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(26)          Liens
on the Equity Interests or assets of a joint venture to secure Indebtedness of such joint venture;

 

(27)          Liens
on equipment of the Borrower or any Guarantor granted in the ordinary course of business to the Borrower’s or such Guarantor’s
client at which such equipment is located;

 

(28)          Liens
securing Indebtedness permitted under Section 7.01(b) so long as all such Liens on the Term Loan Priority Collateral rank junior
in priority to the Liens on the Term Loan Priority Collateral securing the Obligations (it being understood that such Liens on the ABL
Priority Collateral may rank senior in priority to the Liens on the ABL Priority Collateral securing the Obligations) pursuant to the
ABL Intercreditor Agreement or another Market Intercreditor Agreement; provided that, at the option of the Borrower, such Liens
may rank pari passu with the Liens on the Collateral securing the First Lien Obligations in the event that the ABL Credit Agreement is
refinanced or replaced with a cash flow revolving credit facility;

 

(29)          Liens
on property or assets used to redeem, repay, defease or to satisfy and discharge Indebtedness; provided that such redemption, repayment,
defeasance or satisfaction and discharge is not prohibited by this Agreement and that such deposit shall be deemed for purposes of Section 7.05
(to the extent applicable) to be a prepayment of such Indebtedness;

 

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

 

(31)          Liens
(i) of a collection bank arising under Section 4-210 of the Uniform Commercial Code, or any comparable or successor provision,
on items in the course of collection; (ii) attaching to pooling, commodity trading accounts or other commodity brokerage accounts
Incurred in the ordinary course of business; and (iii) in favor of banking or other financial institutions or entities, or electronic
payment service providers, arising as a matter of law encumbering deposits (including the right of set-off) and which are within the general
parameters customary in the banking or finance industry;

 

(32)          Liens
that are contractual rights of set-off (i) relating to the establishment of depository relations with banks or other Persons not
given in connection with the issuance of Indebtedness; (ii) relating to pooled deposit or sweep accounts of the Borrower or any Restricted
Subsidiary to permit satisfaction of overdraft or similar obligations Incurred in the ordinary course of business of the Borrower and
its Restricted Subsidiaries; or (iii) relating to purchase orders and other agreements entered into with customers of the Borrower
or any Restricted Subsidiary in the ordinary course of business;

 

(33)          (i) Liens
on Equity Interests of any joint venture securing capital contributions to, or obligations of, such Persons and (ii) customary rights
of first refusal, put and call arrangements, and tag, drag and similar rights in joint venture agreements;

 

(34)          Liens
on insurance policies and the proceeds thereof securing the financing of the premiums with respect thereto;

 

(35)          Liens
on vehicles or equipment of the Borrower or any Restricted Subsidiary granted in the ordinary course of business;

 

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(36)          Liens
on assets of Non-Loan Parties and the Equity Interests issued by Non-Loan Parties, securing Indebtedness or other obligations of such
Person and any other Non-Loan Party;

 

(37)          Liens
disclosed by the title insurance policies delivered on or subsequent to the Closing Date for any Mortgaged Property and any replacement,
extension or renewal of any such Liens (so long as the Indebtedness and other obligations secured by such replacement, extension or renewal
Liens are permitted by this Agreement); provided that such replacement, extension or renewal Liens do not cover any property other
than the property that was subject to such Liens prior to such replacement, extension or renewal;

 

(38)          Liens
arising solely by virtue of any statutory or common law provision or customary business provision relating to banker’s liens, rights
of set-off or similar rights;

 

(39)          (a) Liens
solely on any cash earnest money deposits made by the Borrower or any Restricted Subsidiary in connection with any letter of intent or
other agreement in respect of any Permitted Investment and (b) Liens on advances of cash or Cash Equivalents in favor of the seller
of any property to be acquired in a Permitted Investment to be applied against the purchase price for such Investment;

 

(40)          the
prior rights of consignees and their lenders under consignment arrangements entered into in the ordinary course of business;

 

(41)          Liens
on securities that are the subject of repurchase agreements constituting Cash Equivalents under clause (4) of the definition
thereof;

 

(42)          Liens
encumbering reasonable customary initial deposits and margin deposits and similar Liens attaching to commodity trading accounts or other
brokerage accounts Incurred in the ordinary course of business and not for speculative purposes;

 

(43)          rights
reserved or vested in any Person by the terms of any lease, license, franchise, grant or permit held by the Borrower or any of its Restricted
Subsidiaries or by a statutory provision, to terminate any such lease, license, franchise, grant or permit, or to require annual or periodic
payments as a condition to the continuance thereof;

 

(44)          restrictive
covenants affecting the use to which real property may be put so long as such restrictions do not, in the aggregate, materially
interfere with the ordinary conduct of the business of Holdings and its Restricted Subsidiaries, taken as a whole;

 

(45)          security
given to a public utility or any municipality or governmental authority when required by such utility or authority in connection with
the operations of that Person in the ordinary course of business;

 

(46)          zoning
by-laws and other land use restrictions, including, without limitation, site plan agreements, development agreements and contract zoning
agreements;

 

(47)          Liens
on property constituting Collateral securing obligations issued or Incurred under (i) any Refinancing Notes and the Refinancing Notes
Indentures related thereto, (ii) any Permitted Debt Exchange Notes, (iii) any Specified Refinancing Debt and (iv) any New
Incremental Notes and the New Incremental Notes Indentures related thereto and, in each case, any Permitted Refinancings thereof (or successive
Permitted Refinancings thereof); provided that any such Indebtedness secured by liens on the Collateral shall be subject to a Market
Intercreditor Agreement;

 

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(48)          Liens
on (x) cash proceeds of Indebtedness (and on the related escrow accounts) in connection with the issuance of such Indebtedness into
(and pending the release from) a customary escrow arrangement, to the extent such Indebtedness is Incurred in compliance with Section 7.01
and (y) on cash proceeds held in Escrow securing obligations in respect of Excluded Indebtedness;

 

(49)          Liens
on assets not constituting Collateral securing Indebtedness with an aggregate principal amount not in excess of the greater of (x) $65,000,000
and (y) 31.25% of Consolidated EBITDA of the Group Parties at any one time outstanding;

 

(50)          Liens
securing Indebtedness permitted under Section 7.01(jj) so long as all such Liens rank pari passu in priority to the Liens
securing the First Lien Obligations or pari passu or junior in priority to the Liens securing the Obligations, in each case, pursuant
to a Term Loan Intercreditor Agreement; and

 

(51)          Liens
securing Indebtedness permitted under Section 7.01(r) or (ii); provided that, in the case of Liens securing Indebtedness
that is permitted to be Incurred pursuant to clause (r), (dd) or (ii) of Section 7.01, at the option of the Borrower, any such
Indebtedness secured by liens on the Collateral shall be subject to a Market Intercreditor Agreement.

 

For purposes of determining
compliance with this definition, a Lien need not be Incurred solely by reference to one category of Permitted Liens described in
this definition but may be Incurred under any combination of such categories (including in part under one such category and in part under
any other such category).

 

“Permitted Parent”
means (a) any direct or indirect parent of Holdings so long as a Permitted Holder pursuant to clauses (a), (b), (c) or (d) of
the definition thereof holds 50.0% or more of the Voting Stock of such direct or indirect parent of Holdings, and (b) any Public
Company (or Wholly Owned Subsidiary of such Public Company) to the extent and until such time as any Person or group (other than a Permitted
Holder under clauses (a), (b), (c) or (d) of the definition thereof) is deemed to be or become a beneficial owner of Voting
Stock of such Public Company representing more than 50.0% of the total voting power of the Voting Stock of such Public Company.

 

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“Permitted
Refinancing” means, with respect to any Person, any modification, refinancing, refunding, renewal, replacement, exchange or
extension of any Indebtedness of such Person; provided that (a) the principal amount (or accreted value, if applicable) thereof
does not exceed the principal amount (or accreted value, if applicable) of the Indebtedness so modified, refinanced, refunded, renewed,
replaced, exchanged or extended except by an amount equal to accrued and unpaid interest and any premium thereon plus other reasonable
amounts paid, and fees and expenses reasonably incurred (including original issue discount and upfront fees), in connection with such
modification, refinancing, refunding, renewal, replacement, exchange or extension and by an amount equal to any existing commitments unutilized
thereunder; (b) except with respect to any Permitted ABL Debt, Senior Lien Debt or Permitted First Lien Debt (or any Permitted Refinancing
thereof), and excluding any Permitted Earlier Maturity Debt, such modification, refinancing, refunding, renewal, replacement, exchange
or extension has a final maturity date equal to or later than the final maturity date of, and has a Weighted Average Life to Maturity
equal to or greater than the Weighted Average Life to Maturity of, the Indebtedness being modified, refinanced, refunded, renewed, replaced,
exchanged or extended; (c) if the Indebtedness being modified, refinanced, refunded, renewed, replaced, exchanged or extended is
subordinated in right of payment to the Obligations, such modification, refinancing, refunding, renewal, replacement, exchange or extension
is subordinated in right of payment to the Obligations on terms, taken as a whole, as favorable in all material respects to the Lenders
(including, if applicable, as to Collateral) as those contained in the documentation governing the Indebtedness being modified, refinanced,
refunded, renewed, replaced, exchanged or extended or otherwise acceptable to the Administrative Agent; (d) except with respect
to any Permitted ABL Debt or Permitted First Lien Debt (or any Permitted Refinancing thereof), if the Indebtedness being modified, refinanced,
refunded, renewed, replaced, exchanged or extended is (i) unsecured, such modification, refinancing, refunding, renewal, replacement,
exchange or extension is unsecured or is secured by a Permitted Lien other than under clause (6) or (47) of the definition thereof,
or (ii) secured by Liens on the Collateral, such modification, refinancing, refunding, replacement, renewal or extension is secured
to the same extent, including with respect to any subordination provisions and subject to a Market Intercreditor Agreement; and (e) such
modification, refinancing, refunding, renewal, replacement, exchange or extension is Incurred by a Person who is or would have been permitted
to be the obligor or guarantor (or any successor thereto) on the Indebtedness being modified, refinanced, refunded, renewed, replaced
or extended (it being understood that the roles of such obligors as a borrower or a guarantor with respect to such obligations may be
interchanged).

 

“Permitted Reorganization”
means reorganizations and other activities related to tax planning and reorganization, so long as, after giving effect thereto, the security
interest of the Collateral Agent in the Collateral, taken as a whole, is not materially impaired (in each case as determined by the Borrower
in good faith).

 

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

 

“Plan”
means any “employee benefit plan” (other than a Multiemployer Plan) within the meaning of Section 3(3) of ERISA
that is maintained or is contributed to by a Loan Party or any ERISA Affiliate and is subject to Title IV of ERISA or the minimum funding
standards under Section 412 of the Code or Section 302 of ERISA.

 

“Platform”
has the meaning specified in Section 6.02.

 

“Pledged Debt”
means “Pledged Debt” as defined in the Security Agreement.

 

“Pledged Interests”
means “Pledged Interests” as defined in the Security Agreement.

 

“Pounds Sterling”
and “£” means freely transferable lawful money of the United Kingdom (expressed in Pounds Sterling).

 

“Preferred Stock”
means any Equity Interest with preferential right of payment of dividends or upon liquidation, dissolution or winding up.

 

“Premium Prepayment
Event” has the meaning specified in Section 2.05(a)(iii).

 

“Prepayment Amount”
has the meaning specified in Section 2.05(c).

 

“Prepayment-Based
Incremental Facility” has the meaning specified in Section 2.14(a).

 

“Prepayment Date”
has the meaning specified in Section 2.05(c).

 

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“Primary Disqualified
Institution” has the meaning specified in the definition of “Disqualified Institution.”

 

“Prime Lending Rate”
means the rate of interest per annum determined by Royal Bank of Canada from time to time as its prime commercial lending rate for United
States Dollar loans in the United States for such day. The Prime Lending Rate is not necessarily the lowest rate that Royal Bank of Canada
is charging any corporate customer.

 

“Pro
Forma Basis”, “Pro Forma Compliance” and “Pro Forma Effect” mean, without duplication
of any amounts referenced in the definitions of “Pro Forma Cost Savings” and “Pro Forma Revenue Synergies”, with
respect to the calculation of any test, financial ratio, basket or covenant under this Agreement, including the calculation of Consolidated
First Lien Net Leverage Ratio, Consolidated Secured Net Leverage Ratio, Consolidated Total Net Leverage Ratio, Consolidated Interest Coverage
Ratio, Consolidated EBITDA, Consolidated Net Income and Consolidated Net Tangible Assets of any Person and its Restricted Subsidiaries,
as of any date, that pro forma effect will be given to any Specified Transaction that has occurred during the Test Period being used to
calculate such test, financial ratio, basket or covenant (the “Reference Period”), or, subject to Section 1.10,
subsequent to the end of the Reference Period but prior to such date or prior to or substantially simultaneously with the event for which
a determination under this definition is made (including any such event occurring at a Person who became a Restricted Subsidiary of the
subject Person or was merged, amalgamated or consolidated with or into the subject Person or any other Restricted Subsidiary of the subject
Person after the commencement of the Reference Period), (i) for purposes of determining Consolidated EBITDA and Consolidated Cash
Interest Expense, as if each such event occurred on the first day of the Reference Period and (ii) for purposes of determining Consolidated
Funded First Lien Indebtedness, Consolidated Funded Secured Indebtedness, Consolidated Funded Indebtedness and Consolidated Net Tangible
Assets, as if each such event occurred on the last day of the Reference Period; provided that (x) pro forma effect will be
given to reasonably identifiable pro forma cost savings, operating expense reductions, strategic initiatives, operating improvements or
purchasing improvements (including, in each case, in connection with the entry into any material contract or arrangement), acquisition
synergies and other cost savings, improvements or synergies, in each case, determined by the Borrower in good faith to result from actions
which have been taken or with respect to which steps have been taken or are expected to be taken (in the good faith determination of the
Borrower) within 24 months after the last day of the applicable Reference Period and (y) no amount shall be added back pursuant to
this definition to the extent duplicative of amounts that are otherwise included in calculating Consolidated EBITDA, whether through a
pro forma adjustment, add back, exclusion or otherwise, for the Reference Period; provided,
further, that the amount of any increase in Consolidated EBITDA for any Test Period as a result of any “run-rate” cost
savings, operating expense reductions and synergies added pursuant to clause (x) of this definition of “Pro Forma Basis”
(excluding any such “run-rate” cost savings, operating expense reductions and synergies that either (A) are related to
the Transactions or (B) result from, or are related to, mergers and other business combinations, acquisitions, Investments,
dispositions or other sales of assets, the discontinuance of activities or operations or other specified transactions, operating improvements
or purchasing improvements and other initiatives, in each case under this sub-clause (B), occurring prior to the Closing Date), when aggregated
with (X) the amount of any increase in Consolidated EBITDA for such Test Period as a result of Pro Forma Revenue Synergies (excluding
any such Pro Forma Revenue Synergies that result from actions or initiatives undertaken prior to the Closing Date) added pursuant to clause
(s) of the definition of Consolidated EBITDA and (Y) the amount of any increase in Consolidated EBITDA for such Test Period
as a result of Pro Forma Cost Savings pursuant to clause (B) of the definition thereof (excluding any such Pro Forma Cost Savings
that result from mergers and other business combinations, acquisitions, investments, dispositions or other sales of assets, the discontinuance
of activities or operations or other specified transactions, restructurings, cost savings initiatives, operating initiatives or operating
improvements, in each case, occurring prior to the Closing Date) added back under clause (k) of the definition of Consolidated EBITDA
for such Test Period, shall not exceed an aggregate amount equal to 30.0% of Consolidated EBITDA of the Borrower (calculated after giving
effect to all add-backs and adjustments (including all add-backs and adjustments subject to this cap)).

 

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For purposes of making any computation referred
to above:

 

(1)            if
any Indebtedness bears a floating rate of interest and is being given pro forma effect, the interest on such Indebtedness shall
be calculated as if the rate in effect on the date for which a determination under this definition is made had been the applicable rate
for the entire period (taking into account any Swap Contracts applicable to such Indebtedness);

 

(2)            interest
on a Capitalized Lease Obligation shall be deemed to accrue at an interest rate reasonably determined by the Borrower to be the
rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP;

 

(3)            interest
on Indebtedness that may optionally be determined at an interest rate based upon a factor of a prime or similar rate, a eurocurrency interbank
offered rate, or other rate, shall be deemed to have been based upon the rate actually chosen, or, if none, then based upon such optional
rate chosen as the Borrower may designate;

 

(4)            interest
on any Indebtedness under a revolving credit facility or a Qualified Receivables Financing computed on a pro forma basis shall be computed
based upon the average daily balance of such Indebtedness during the applicable period; and

 

(5)            to
the extent not already covered above, any such calculation may include adjustments calculated in accordance with Regulation S-X under
the Securities Act.

 

Any
pro forma calculation may include, without limitation, (1) adjustments calculated in accordance with Regulation S-X under the Securities
Act, (2) adjustments calculated to give effect to any Pro Forma Cost Savings or and Pro Forma Revenue Synergies and (3) all
adjustments included on Schedule 1.01(a) attached hereto, to the extent such adjustments, without duplication, continue to
be applicable to the Reference Period; provided that any such adjustments that consist of reductions in costs and other operating
improvements or synergies shall be calculated in accordance with, and satisfy the requirements specified in, the definition of “Pro
Forma Cost Savings” or “Pro Forma Revenue Synergies”, as applicable.

 

“Pro
Forma Cost Savings” means, for any period, without duplication of any amounts added in calculating Consolidated EBITDA pursuant
to the definitions of “Pro Forma Basis” and “Pro Forma Revenue Synergies”, an amount equal to the amount of “run
rate” cost savings, operating expense reductions, acquisition synergies and other cost savings, improvements or synergies
that are related to (A) the Transactions or (B) any merger or other business combination, acquisition, Investment (including
the commencement of activities constituting a business), disposition or other sale of assets (including the termination or discontinuance
of activities or operations constituting a business) or other Specified Transaction, or related to any restructuring initiative, cost
savings initiative, operational initiative or other initiative or improvement (including, for the avoidance of doubt, any such actions
or transactions that have occurred prior to the Closing Date) and, in each case, projected in good faith to be realized (calculated on
a pro forma basis as though such items had been realized on the first day of such period) as a result of actions taken or to be taken
by the Borrower (or any successor thereto) or any Restricted Subsidiary, net of the amount of actual benefits realized during such period
that are otherwise included in the calculation of Consolidated EBITDA from such actions; provided that (x) such cost savings,
operating expense reductions and synergies are reasonably identifiable (as determined in good faith by a responsible financial or accounting
officer, in his or her capacity as such and not in his or her personal capacity, of the Borrower (or any successor thereto) or any direct
or indirect parent of the Borrower) and are reasonably anticipated to result from actions which have been taken or with respect to which
steps have been taken or are expected to be taken (in the good faith determination of the Borrower) within 24 months after the last day
of the applicable period (or, with respect to the Transactions, within 24 months after the Closing Date or which have been identified
to the Administrative Agent (including in any management presentation or confidential information memorandum) prior to the Closing Date
(including in respect of any action taken on or prior to the Closing Date)) and (y) no cost savings, operating expense reductions
and synergies shall be added pursuant to this definition to the extent duplicative of any expenses or charges otherwise added to Consolidated
EBITDA, whether through a pro forma adjustment, add back, exclusion or otherwise, for such period.

 

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“Pro
Forma Revenue Synergies” means, for any period, without duplication of any amounts
referenced in the definitions of “Pro Forma Basis” and “Pro Forma Cost Savings”, an amount equal to “run
rate” increase to Consolidated EBITDA of new contracts and projects, increased pricing in, or other modifications to, existing contracts
and projects, increased volume in existing projects and customer contracts, reduced pricing in supplier arrangements, and other contract
and project initiatives and, in each case, that are reasonably identifiable (as determined in good faith by a responsible financial or
accounting officer, in his or her capacity as such and not in his or her personal capacity, of the Borrower (or any successor thereto)
or any direct or indirect parent of the Borrower) and are reasonably anticipated to result from actions which have been taken or with
respect to which steps have been taken or are expected to be taken (in the good faith determination of the Borrower) within 24 months
after the last day of the applicable period, net of the amount of actual benefits realized during such period that are otherwise included
in the calculation of Consolidated EBITDA from such actions (calculated on a pro forma basis as though such items had been realized on
the first day of such period).

 

“Pro Rata Share”
means, with respect to each Lender and any Facility or all the Facilities or any Tranche or all the Tranches (as the case may be) at any
time, a fraction (expressed as a percentage, carried out to the ninth decimal place, and subject to adjustment as provided in Section 2.17),
the numerator of which is the amount of the Commitments of such Lender under the applicable Facility or the Facilities or Tranche or Tranches
(and, in the case of any Term Loan Tranche after the applicable borrowing date and without duplication, the outstanding principal amount
of Term Loans under such Tranche, of such Lender, at such time) at such time and the denominator of which is the amount of the Aggregate
Commitments under the applicable Facility or the Facilities or Tranche or Tranches at such time (and, in the case of any Term Loan Tranche
and without duplication, the outstanding principal amount of Term Loans under such Tranche, at such time); provided that if the
commitment of each Lender to make Loans has been terminated pursuant to Section 8.02, then the Pro Rata Share of each Lender shall
be determined based on the Pro Rata Share of such Lender immediately prior to such termination and after giving effect to any subsequent
assignments made pursuant to the terms hereof. The initial Pro Rata Share of each Lender is set forth opposite the name of such Lender
on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender became a party hereto, as applicable.

 

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

 

“Public Company”
means any Person with a class or series of Voting Stock that is traded on a stock exchange or in the over-the-counter market.

 

“Public
Company Costs” means, as to any Person, costs associated with, or in anticipation of, preparation for, or compliance with, the
requirements of the Sarbanes-Oxley Act of 2002 and the rules and regulations promulgated in connection therewith, costs relating
to compliance with the provisions of the Securities Act and the Exchange Act (or similar regulations applicable in other listing
jurisdictions), as applicable to companies with equity securities held by the public, costs associated with, or in anticipation of, preparation
for, or compliance with the rules of national securities exchange companies with listed equity, directors’ compensation, fees
and expense reimbursement, costs relating to investor relations, shareholder meetings and reports to shareholders, directors’ and
officers’ insurance and other executive costs, legal and other professional fees, and listing fees.

 

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“Public Lender”
has the meaning specified in Section 6.02.

 

“Purchase”
has the meaning specified in the definition of “Dutch Auction”.

 

“Purchase Agreement”
has the meaning specified in the Preliminary Statements of this Agreement.

 

“Purchase Agreement
Representations” means the representations made by or with respect to the Target Business and its Subsidiaries in the Purchase
Agreement as are material to the interests of the Lenders, but only to the extent that the Borrower or any of its Affiliates has the right
(taking into account any cure provisions) to terminate the obligations of the Borrower or any of its Affiliates under the Purchase Agreement
or to decline to consummate the Acquisition without liability under the Purchase Agreement as a result of a breach of such representations.

 

“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).

 

“QFC Credit Support”
has the meaning specified in Section 10.24.

 

“Qualified Holding
Company Indebtedness” means Indebtedness of Holdings (A) that is not subject to any Guarantee by any Subsidiary of Holdings
(other than a Subsidiary that is not the Borrower or any of its Subsidiaries and that is formed solely for purposes of acting as a co-obligor
with respect to such Qualified Holding Company Indebtedness), (B) that has no scheduled amortization or scheduled payments of principal
and is not subject to mandatory redemption, repurchase, prepayment or sinking fund obligation (it being understood that such Indebtedness
may have mandatory prepayment, repurchase or redemption provisions satisfying the requirements of clause (C) below), (C) that
has mandatory prepayment, repurchase or redemption, covenant, default and remedy provisions customary for senior notes (or no more restrictive
than is customary) of an issuer that is the parent of a borrower under senior secured credit facilities, and in any event, with respect
to covenant, default and remedy provisions, no more restrictive (taken as a whole) than those set forth in this Agreement (other than
provisions customary for senior notes of a holding company, including (x) customary assets sale, change of control provisions and
customary acceleration rights after an event of default and (y) customary “AHYDO” payments) and (D) if such Indebtedness
is secured, it shall only be secured by assets of any Parent Holding Company (other than Holdings) and any Subsidiary of Holdings that
is not prohibited from guaranteeing such Indebtedness as provided in clause (A) of this definition; provided that Holdings
shall have reasonably determined in good faith that such terms and conditions satisfy the foregoing requirement.

 

“Qualified IPO”
means any transaction or series of related transactions (including any merger with a special purpose acquisition company or a Subsidiary
thereof) after which the common Capital Stock of Holdings or any Parent Holding Company constitutes publicly traded Capital Stock on any
U.S. securities exchange or over-the-counter market or any analogous exchange in any jurisdiction.

 

“Qualified Receivables
Financing” means any Receivables Financing of a Receivables Subsidiary that meets the following conditions:

 

(1)            the
Board of Directors of the Borrower, Holdings or any Parent Holding Company shall have determined in good faith that such Receivables Financing
(including financing terms, covenants, termination events and other provisions) is in the aggregate economically fair and reasonable to
the Borrower and its Restricted Subsidiaries,

 

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(2)            all
sales/transfers of accounts receivable and related assets by the Borrower or any Restricted Subsidiary to the Receivables Subsidiary are
made at Fair Market Value (as determined in good faith by the Borrower), and

 

(3)            the
financing terms, covenants, termination events and other provisions thereof shall be market terms at the time the receivables financing
is first introduced (as determined in good faith by the Borrower) and may include Standard Securitization Undertakings.

 

The grant of a security interest
in any accounts receivable of the Borrower or any of its Restricted Subsidiaries (other than a Receivables Subsidiary) to secure any Credit
Agreement shall not be deemed a Qualified Receivables Financing.

 

“Qualified Reporting
Subsidiary” has the meaning specified in Section 6.01.

 

“Qualifying Bids”
has the meaning specified in the definition of “Dutch Auction.”

 

“Ratio-Based Incremental
Facility” has the meaning specified in the Section 2.14(a).

 

“RBC” has
the meaning specified in the introductory paragraph to this Agreement.

 

“Receivables 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 paid to a Person that is not a Restricted Subsidiary in connection with, any Receivables Financing.

 

“Receivables Financing”
means any transaction or series of transactions that may be entered into by the Borrower or any of its Subsidiaries pursuant to which
the Borrower or any of its Subsidiaries may sell, contribute, convey or otherwise transfer to (a) a Receivables Subsidiary (in the
case of a transfer by the Borrower or any of its Subsidiaries), and (b) any other Person (in the case of a transfer by a Receivables
Subsidiary), or may grant a security interest in, any accounts receivable (whether now existing or arising in the future) of the Borrower
or any of its Subsidiaries, and any assets related thereto including, without limitation, all collateral securing such accounts receivable,
all contracts and all guarantees or other obligations in respect of such accounts receivable, proceeds of such accounts receivable and
other assets which are customarily transferred or in respect of which security interests are customarily granted in connection with asset
securitization transactions involving accounts receivable and any Swap Contracts entered into by the Borrower or any such Subsidiary in
connection with such accounts receivable.

 

“Receivables Repurchase
Obligation” means any obligation of a seller of receivables in a Qualified Receivables Financing to repurchase receivables arising
as a result of a breach of a representation, warranty or covenant or otherwise, including as a result of a receivable or portion thereof
becoming subject to any asserted defense, dispute, off-set or counterclaim of any kind as a result of any action taken by, any failure
to take action by or any other event relating to the seller.

 

“Receivables Subsidiary”
means a Wholly Owned Restricted Subsidiary (or another Person formed for the purposes of engaging in a Qualified Receivables Financing
with the Borrower in which the Borrower or any Subsidiary of the Borrower or a direct or indirect parent of the Borrower makes an Investment
and to which the Borrower or any Restricted Subsidiary of the Borrower or a direct or indirect parent of the Borrower transfers accounts
receivable and related assets) which engages in no activities other than in connection with the financing of accounts receivable of the
Borrower and its Subsidiaries or a direct or indirect parent of the Borrower, all proceeds thereof and all rights (contractual or other),
collateral and other assets relating thereto, and any business or activities incidental or related to such business, and which is designated
by the Board of Directors of the Borrower or any Parent Holding Company (as provided below) as a Receivables Subsidiary and:

 

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(1)            no
portion of the Indebtedness or any other obligations (contingent or otherwise) of which (i) is guaranteed by the Borrower or any
Restricted Subsidiary of the Borrower (excluding guarantees of obligations (other than the principal of, and interest on, Indebtedness)
pursuant to Standard Securitization Undertakings), (ii) is recourse to or obligates the Borrower or any other Restricted Subsidiary
of the Borrower in any way other than pursuant to Standard Securitization Undertakings, or (iii) subjects any property or asset of
the Borrower or any Restricted Subsidiary of the Borrower, directly or indirectly, contingently or otherwise, to the satisfaction thereof,
other than pursuant to Standard Securitization Undertakings,

 

(2)            with
which neither the Borrower nor any Restricted Subsidiary of the Borrower has any material contract, agreement, arrangement or understanding
other than on terms which the Borrower reasonably believes to be no less favorable to the Borrower or such Restricted Subsidiary than
those that might be obtained at the time from Persons that are not Affiliates of Holdings, and

 

(3)            to
which neither the Borrower nor any Restricted Subsidiary of the Borrower has any obligation to maintain or preserve such entity’s
financial condition or cause such entity to achieve certain levels of operating results.

 

“Recipient”
means the Administrative Agent, the Collateral Agent or any Lender, as applicable.

 

“Reference Period”
has the meaning specified in the definition of “Pro Forma Basis.”

 

“Refinanced Second
Lien Indebtedness” means any Specified Refinancing Debt or Refinancing Notes that refunds, refinances, replaces, redeems, repurchases,
retires or defeases any Initial Term Loans or New Term Loans or any other Refinanced Second Lien Indebtedness.

 

“Refinancing”
has the meaning specified in the definition of “Transactions”.

 

“Refinancing Amendment”
means an amendment to this Agreement, in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the
Administrative Agent and the Lenders providing Specified Refinancing Debt, effecting the Incurrence of such Specified Refinancing Debt
in accordance with Section 2.18.

 

“Refinancing Indebtedness”
has the meaning specified in Section 7.01(n).

 

“Refinancing Notes”
means one or more series of senior unsecured notes, senior subordinated unsecured notes, subordinated unsecured notes or senior secured
notes secured by the Collateral on a pari passu basis with the Liens securing the Obligations (without regard to the control of
remedies) or senior secured notes secured by the Collateral on a “junior” basis to the Liens securing the Obligations, in
each case issued in respect of a refinancing of outstanding Indebtedness of the Borrower under any one or more Term Loan Tranches; provided
that (a) except with respect to Permitted Earlier Maturity Debt, such Refinancing Notes shall not mature prior to the Latest Maturity
Date of the Term Loan Tranche being refinanced; (b) such Refinancing Notes shall not be Incurred or Guaranteed by any Subsidiary
of the Borrower that is not a Loan Party; (c) if secured, such Refinancing Notes shall not be secured by assets of a Loan Party or
its Subsidiaries that do not constitute Collateral; (d) the Net Cash Proceeds of such Refinancing Notes shall be applied, substantially
concurrently with the Incurrence thereof, to the prepayment of outstanding Term Loans under the applicable Term Loan Tranche being so
refinanced and the payment of fees, expenses and premiums, if any, payable in connection therewith and (e) except as otherwise provided
herein or such amount is otherwise permitted under Section 7.01, such Refinancing Notes shall be in an original aggregate principal
amount not greater than the aggregate principal amount or the committed amount of the Term Loan Tranche being refinanced (plus
any Incremental Amounts Incurred in connection therewith).

 

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“Refinancing Notes
Indentures” means, collectively, the indentures or other similar agreements pursuant to which any Refinancing Notes are issued,
together with all instruments and other agreements in connection therewith, as amended, supplemented or otherwise modified from time to
time in accordance with the terms thereof, but only to the extent permitted under the terms of the Loan Documents.

 

“Refunding Capital
Stock” has the meaning specified in Section 7.05.

 

“Register”
has the meaning specified in Section 10.07(c).

 

“Regulated Bank”
means an (x) Approved Commercial Bank that is (i) a U.S. depository institution the deposits of which are insured by the Federal
Deposit Insurance Corporation; (ii) a corporation organized under section 25A of the U.S. Federal Reserve Act of 1913; (iii) a
branch, agency or commercial lending company of a foreign bank operating pursuant to approval by and under the supervision of the FRB
under 12 CFR part 211; (iv) a non-U.S. branch of a foreign bank managed and controlled by a U.S. branch referred to in clause (iii);
or (v) any other U.S. or non-U.S. depository institution or any branch, agency or similar office thereof supervised by a bank regulatory
authority in any jurisdiction or (y) any Affiliate of a Person set forth in clause (x) above to the extent that (1) all
of the Equity Interests of such Affiliate is directly or indirectly owned by either (I) such Person set forth in clause (x) above
or (II) a parent entity that also owns, directly or indirectly, all of the Equity Interests of such Person set forth in clause (x) and
(2) such Affiliate is a securities broker or dealer registered with the SEC under Section 15 of the Exchange Act.

 

“Regulation S-X”
means Regulation S-X under the Securities Act.

 

“Reinvestment Period”
has the meaning specified in Section 7.04(3).

 

“Related Business
Assets” means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets
received by the Borrower or a Restricted Subsidiary in exchange for assets transferred by the Borrower or a Restricted Subsidiary will
not be deemed to be Related Business Assets if they consist of securities of a Person, unless such Person is, or upon receipt of the securities
of such Person, such Person would become a Restricted Subsidiary.

 

“Related Parties”
means, with respect to any Person, such Person’s Affiliates and the partners, members, directors, managers, officers, employees,
agents, attorneys-in-fact, trustees and advisors of such Person and of such Person’s Affiliates.

 

“Release”
means any release, spill, emission, leaking, dumping, injection, pouring, deposit, disposal, discharge, dispersal, leaching or migration
into or through the Environment or within, from or into any building, structure, facility or fixture.

 

“Relevant Governmental
Body” shall mean 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.

 

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“Relevant Transaction”
has the meaning specified in Section 2.05(b)(ii).

 

“Replaceable Lender”
has the meaning specified in Section 3.08(a).

 

“Replacement Assets”
means (1) substantially all the assets of a Person primarily engaged in a Similar Business or (2) a majority of the Voting Stock
of any Person primarily engaged in a Similar Business that will become, on the date of acquisition thereof, a Restricted Subsidiary.

 

“Reply Amount”
has the meaning specified in the definition of “Dutch Auction.”

 

“Reply Discount”
has the meaning specified in the definition of “Dutch Auction.”

 

“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.

 

“Required Lenders”
means, as of any date of determination, Lenders having more than 50% of the sum of the (a) Total Outstandings and (b) aggregate
unused Term Commitments; provided that the unused Term Commitments of, and the portion of the Total Outstandings held or deemed
held by (x) any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders and (y) any Affiliate
Lenders (other than Debt Fund Affiliates) shall be deemed to have voted in the same proportion as Lenders that are not Affiliate Lenders
vote on such matter.

 

“Resolution Authority”
means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.

 

“Responsible Officer”
means the chief executive officer, representative, director, manager, president, vice president, executive vice president, chief financial
officer, treasurer or assistant treasurer, secretary or assistant secretary, an authorized signatory, an attorney-in-fact (to the extent
empowered by the board of directors/managers of any Loan Party), or other similar officer of a Loan Party. Any document delivered hereunder
that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate,
partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted
on behalf of such Loan Party.

 

“Restricted Investment”
means an Investment other than a Permitted Investment.

 

“Restricted Payment”
has the meaning specified in Section 7.05.

 

“Restricted Subsidiary”
means any Subsidiary of the Borrower that is not an Unrestricted Subsidiary.

 

“Retired Capital
Stock” has the meaning specified in Section 7.05.

 

“Return Bid”
has the meaning specified in the definition of “Dutch Auction.”

 

“Sale/Leaseback Transaction”
means an arrangement relating to property now owned or hereafter acquired by the Borrower or a Restricted Subsidiary whereby the Borrower
or a Restricted Subsidiary transfers such property to a Person and the Borrower or such Restricted Subsidiary leases it from such Person,
other than leases between the Borrower and a Restricted Subsidiary or between Restricted Subsidiaries.

 

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“Sanctioned Country”
means any country or territory that is the subject of comprehensive sanctions administered by OFAC that broadly prohibit dealings or transactions
in, with or involving such country or territory.

 

“S&P”
means S&P Global Ratings and any successor thereto.

 

“Screen Rate”
means the London interbank offered rate administered by ICE Benchmark Administration Limited (or any other person which takes over administration
of that rate) for the relevant currency and Interest Period displayed on pages LIBOR01 or LIBOR02 of the Reuters screen (or any replacement
Reuters page which displays that rate). If such page or service ceases to be available, the Administrative Agent may specify
another page or service, displaying the relevant rate after consultation with the Borrower; provided that, in the event such
rate does not appear on a page of the Reuters screen, on the appropriate page of such other information service that publishes
such rate as shall be selected by the Administrative Agent from time to time in its reasonable discretion. If, as to any currency, no
Screen Rate shall be available for a particular Interest Period but Screen Rates shall be available for maturities both longer and shorter
than such Interest Period, then the Screen Rate for such Interest Period shall be the Interpolated Rate. Notwithstanding the foregoing,
if the Screen Rate for use in determining the rate of interest applicable to any Initial Term Loans, determined as provided above, would
otherwise be less than 0.75%, then the Screen Rate for use in determining the rate of interest applicable to any Initial Term Loans shall
be deemed to be 0.75%.

 

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

 

“Secured Cash Management
Agreement” means any Cash Management Agreement that is entered into by and between any Group Party and any Cash Management Bank,
except for any such Cash Management Agreement designated by the Borrower in writing to the Administrative Agent and the relevant Cash
Management Bank or Hedge Bank, as applicable, as an “unsecured cash management agreement” as of the Closing Date or, if later,
on or about the time of entering into such Cash Management Agreement; provided, however, that no Cash Management Agreement
that is treated as a “Secured Cash Management Agreement” under the ABL Loan Documents or the First Lien Loan Documents shall
be a Secured Cash Management Agreement hereunder, and if a Secured Cash Management Agreement qualifies as such under the Loan Documents
and one or both of the ABL Loan Documents and the First Lien Loan Documents unless specified in writing by the Borrower to the Administrative
Agent, such Cash Management Agreement shall be a Secured Cash Management Agreement only under the under the First Lien Credit Agreement
for so long as the First Lien Credit Agreement is outstanding and thereafter, only under this Agreement.

 

“Secured Hedge Agreement”
means any Swap Contract permitted under Article VII that is entered into by and between any Group Party and any Hedge Bank, except
for any such Swap Contract designated by the Borrower and the applicable Hedge Bank in writing to the Administrative Agent as an “unsecured
hedge agreement” as of the Closing Date or, if later, as of the time of entering into such Swap Contract; provided, however,
that no Swap Contract that is treated as a “Secured Hedge Agreement” under the ABL Loan Documents or the First Lien Loan Documents
shall be a Secured Hedge Agreement hereunder, and if a Secured Hedge Agreement qualifies as such under the Loan Documents and one or both
of the ABL Loan Documents and the First Lien Loan Documents unless specified in writing by the Borrower to the Administrative Agent, such
Secured Hedge Agreement shall be a Secured Hedge Agreement only under the First Lien Credit Agreement for so long as the First Lien Credit
Agreement is outstanding and thereafter, only under this Agreement.

 

“Secured Obligations”
has the meaning specified in the Security Agreement.

 

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“Secured Parties”
means, collectively, the Administrative Agent, the Collateral Agent, the Lenders, the Hedge Banks to the extent they are party to one
or more Secured Hedge Agreements, the Cash Management Banks to the extent they are party to one or more Secured Cash Management Agreements
and each co-agent or subagent appointed by the Administrative Agent or the Collateral Agent from time to time pursuant to Article IX.

 

“Securities Act”
means the U.S. Securities Act of 1933, as amended, and the rules and regulations of the SEC promulgated thereunder.

 

“Security Agreement”
means, the Second Lien Security Agreement, dated as of the date hereof, executed by the Collateral Agent and the Loan Parties party thereto,
substantially in the form of Exhibit F, together with each other security agreement and security agreement supplement executed
and delivered pursuant to Section 6.12, 6.14 or 6.16.

 

“Security Agreement
Supplement” has the meaning specified in the Security Agreement.

 

“Seller”
has the meaning specified in the Preliminary Statements of this Agreement.

 

“Seller Notes”
means any promissory note or notes issued by the Borrower or a Restricted Subsidiary of the Borrower in respect of any acquisition permitted
hereunder as consideration in connection with such acquisition, but that is not in the nature of an earn-out obligation or similar deferred
or contingent obligation.

 

“Senior Lien Debt”
means Indebtedness that is secured by Liens on the Collateral that are senior in priority to the Liens on the Collateral securing the
Obligations.

 

“Significant Subsidiary”
means any “significant subsidiary” as defined in Article 1, Rule 1-02 of Regulation S-X, promulgated pursuant to
the Securities Act, as such regulation is in effect on the Closing Date.

 

“Similar Business”
means any business engaged or proposed to be engaged in by Holdings and its Subsidiaries on the Closing Date and any business or other
activities that are similar, ancillary, complementary, incidental or related thereto, or an extension, development or expansion of, the
businesses in which Holdings and its Subsidiaries are engaged.

 

“SOFR”
shall mean a rate per annum equal to the secured overnight financing rate for such Business Day published 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-Based Rate”
means SOFR or Term SOFR.

 

“Solvent”
means, with respect to any Person on any date of determination, that on such date, such Person and its Subsidiaries, when taken as a
whole on a consolidated basis, (a) have property with a fair value greater than the total amount of their debts and liabilities,
contingent, subordinated or otherwise, (b) have assets with present fair salable value not less than the amount that will be required
to pay their liability on their debts as they become absolute and matured, (c) will be able to pay their debts and liabilities,
subordinated, contingent or otherwise, as they become absolute and matured and (d) are not engaged in business or a transaction,
and are not about to engage in business or a transaction, for which they have unreasonably small capital. The amount of contingent liabilities
at any time shall be computed as the amount that, in the light of all the facts and circumstances existing at such time, represents the
amount that can reasonably be expected to become an actual or matured liability or, if a different methodology is prescribed by applicable
Laws, as prescribed by such Laws.

 

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“SPC”
has the meaning specified in Section 10.07(g).

 

“Specified Event
of Default” means an Event of Default under Section 8.01(a), (f) (with respect to the Borrower) or (g) (with
respect to the Borrower).

 

“Specified Indebtedness”
has the meaning specified in Section 10.01.

 

“Specified Refinancing
Agent” has the meaning specified in Section 2.18(a).

 

“Specified Refinancing
Debt” has the meaning specified in Section 2.18(a).

 

“Specified Refinancing
Term Commitment” has the meaning specified in Section 2.18(a).

 

“Specified Refinancing
Term Loans” means Specified Refinancing Debt constituting term loans.

 

“Specified Refinancing
Term Loan Facility” means a facility in respect of Specified Refinancing Term Loans.

 

“Specified Representations”
means the representations and warranties made solely by Holdings, the Borrower and the Subsidiary Guarantors in Sections 5.01(a) and
(b)(ii), 5.02(a), 5.04, 5.13, 5.17, 5.18 (subject to the last paragraph of Section 4.01), 5.19 and 5.20 (in each case, after giving
effect to the Transactions, and in the case of the representations and warranties made pursuant to Sections 5.19 and 5.20, to be limited
to the use of proceeds not violating the Laws referenced therein).

 

“Specified Transaction”
means any Incurrence or repayment of Indebtedness (excluding Indebtedness Incurred under any revolving credit facility or line of credit)
or Investment that results in a Person becoming a Subsidiary, any designation of a Subsidiary as a Restricted Subsidiary or as an Unrestricted
Subsidiary, any acquisition or any Disposition that results in a Restricted Subsidiary ceasing to be a Subsidiary of the Borrower, any
Investment constituting an acquisition of assets constituting a business unit, line of business, division or substantially all of the
assets of another Person or any Disposition of a business unit, line of business or division of the Borrower or any of the Restricted
Subsidiaries, in each case whether by merger, consolidation, amalgamation or otherwise or any material restructuring of the Borrower
or implementation of any initiative not in the ordinary course of business or any other transaction or event that by the terms of this
Agreement requires Pro Forma Compliance with a test or covenant hereunder or requires such test or covenant to be calculated on a Pro
Forma Basis or giving Pro Forma Effect to any such transaction or event.

 

“Sponsor”
means American Industrial Partners Capital Fund VI, L.P., and any of its Affiliates and funds, partnerships or co-investment vehicles
managed, advised or controlled by any of them or any of their respective Affiliates (but excluding any operating portfolio companies
of the foregoing).

 

“Spot Rate”
for a currency means the rate determined by the Administrative Agent 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 one Business Day prior to the date as of which the foreign exchange computation is made; provided that
the Administrative Agent may obtain such spot rate from another financial institution designated by the Administrative Agent
if the Person acting in such capacity does not have as of the date of determination a spot buying rate for any such currency.

 

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“Standard Securitization
Undertakings” means representations, warranties, covenants, indemnities and guarantees of performance entered into by the Borrower
or any Subsidiary of the Borrower which the Borrower has determined in good faith to be customary in a Receivables Financing including,
without limitation, those relating to the servicing of the assets of a Receivables Subsidiary, it being understood that any Receivables
Repurchase Obligation shall be deemed to be a Standard Securitization Undertaking.

 

“Statutory Reserve
Rate” means a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the
number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves)
expressed as a decimal established by the FRB to which the Administrative Agent is subject with respect to the Adjusted Eurodollar Rate,
for Eurodollar funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the FRB).  Such reserve
percentages shall include those imposed pursuant to such Regulation D.  Eurodollar Rate Loans shall be deemed to constitute Eurodollar
funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be
available from time to time to any Lender under such Regulation D or any comparable regulation.  The Statutory Reserve Rate shall
be adjusted automatically on and as of the effective date of any change in any reserve percentage.

 

“Stock Certificates”
has the meaning specified in Section 4.01.

 

“Subject Lien”
has the meaning specified in Section 7.02.

 

“Subordinated Indebtedness”
means (a) with respect to the Borrower, any third-party Indebtedness of the Borrower which is by its terms contractually subordinated
in right of payment to the Obligations, and (b) with respect to any Guarantor, any third-party Indebtedness of such Guarantor which
is by its terms contractually subordinated in right of payment to its Guarantee of the Obligations.

 

“Subsidiary”
means, with respect to any Person other than those covered by clause (y) below, (1) any corporation, association or other business
entity (other than a partnership, joint venture, limited liability company or similar entity) of which more than 50% of the total voting
power of the Voting Stock is at the time of determination owned or controlled, directly or indirectly, by such Person or one or more
of the other Subsidiaries of that Person or a combination thereof, and (2) any partnership, joint venture, limited liability company
or similar entity of which (x) more than 50% of the capital accounts, distribution rights, total equity and voting interests or
general and limited partnership interests, as applicable, are owned or controlled, directly or indirectly, by such Person or one or more
of the other Subsidiaries of that Person or a combination thereof, whether in the form of membership, general, special or limited partnership
interests or otherwise, and (y) such Person or any Restricted Subsidiary of such Person is a controlling general partner or otherwise
controls such entity.

 

“Subsidiary Guarantor”
means, collectively, all Guarantors other than Holdings.

 

“Subsidiary Guaranty”
means, collectively, each Subsidiary Guaranty made by the Subsidiary Guarantors in favor of the Administrative Agent on behalf of the
Secured Parties, substantially in the form of Exhibit E-2, together with each other guaranty and guaranty supplement delivered
pursuant to Sections 6.12 or 6.16.

 

“Subsidiary Redesignation”
has the meaning specified in the definition of “Unrestricted Subsidiary.”

 

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“Supplemental Agent”
has the meaning specified in Section 9.14(a).

 

“Supported QFC”
has the meaning specified in Section 10.24.

 

“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 agreement, including any obligations or liabilities under any such master agreement.

 

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

 

“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).

 

“Target Business”
has the meaning specified in the Preliminary Statements of this Agreement.

 

“Target Business
Material Adverse Effect” has the meaning assigned to the term “Business Material Adverse Effect” in the Purchase
Agreement.

 

“Target Historical
Financial Statements” means (x) the audited balance sheet and the corresponding audited statement of income of the Target
Business for the period ended December 31, 2020 and (y) the unaudited balance sheet and statement of income for the period
ended June 30, 2021.

 

“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 of the same Type of Term Loan of a single Tranche from all the Lenders having Term Commitments or Term Loans of the
respective Tranche on a given date (or resulting from a conversion or conversions on such date) having in the case of Eurodollar Rate
Loans, the same Interest Period.

 

“Term Commitment”
means, as to each Term Lender, (i) its Initial Term Commitment, (ii) its Term Commitment Increase, (iii) its New Term
Commitment or (iv) its Specified Refinancing Term Commitment. The amount of each Lender’s Initial Term Commitment is as set
forth on Schedule 2.01 and the amount of each Lender’s other Term Commitments shall be as set forth in the Assignment and Assumption,
or in the amendment or agreement relating to the respective Term Commitment Increase, New Term Commitment or Specified Refinancing Term
Commitment pursuant to which such Lender shall have assumed its Term Commitment, as the case may be, as such amounts may be adjusted
from time to time in accordance with this Agreement.

 

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“Term Commitment
Increase” has the meaning specified in Section 2.14(a).

 

“Term Facility”
means a facility in respect of any Term Loan Tranche, as the context may require.

 

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

 

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

 

“Term Loan Intercreditor
Agreement” means the First Lien/Second Lien Intercreditor Agreement substantially in the form of Exhibit L among the Administrative
Agent and the First Lien Administrative Agent, with such modifications thereto as the Administrative Agent may reasonably agree. On the
Closing Date, the Administrative Agent will enter into the Term Loan Intercreditor Agreement with the First Lien Administrative Agent
and the other parties thereto.

 

“Term Loan Priority
Collateral” has the meaning assigned to the term “Fixed Asset Collateral” in the ABL Intercreditor Agreement.

 

“Term Loan Tranche”
means the respective facility and commitments utilized in making Term Loans hereunder, with there being one Tranche on the Closing Date,
i.e. Initial Term Loans and Initial Term Commitments. Additional Term Loan Tranches may be added after the Closing Date, i.e., New Term
Loans, Specified Refinancing Term Loans, New Term Commitments and Specified Refinancing Term Commitments.

 

“Term
SOFR” means the forward-looking term rate for any period that is approximately (as determined by the Administrative
Agent) as long as any of the Interest Period options set forth in the definition of “Interest Period” and that is based on
SOFR and that has been selected or recommended by the Relevant Governmental Body, in each case as published on an information service
as selected by the Administrative Agent in consultation with the Borrower.

 

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

 

“Term SOFR Transition
Event” means the determination by the Administrative Agent and the Borrower that (a) Term SOFR has been recommended for
use by the Relevant Governmental Body, and (b) the administration of Term SOFR is administratively feasible for the Administrative
Agent.

 

“Termination Conditions”
means the satisfaction in full of all the Obligations (other than contingent indemnification obligations as to which no claim has been
asserted and obligations and liabilities under Secured Cash Management Agreements and Secured Hedge Agreements) and the termination of
the Aggregate Commitments.

 

“Test
Period” means, on any date of determination, with respect to the Group Parties on a consolidated basis, (x) for
purposes of determining the applicable percentage of Excess Cash Flow for purposes of Section 2.05(b) and the Applicable Rate,
the four (4) consecutive fiscal quarters of the Group Parties most recently then ended and for which financial statements have been
delivered pursuant to Section 6.01(a) or (b) and (y) for all other purposes in this Agreement, the four (4) consecutive
fiscal quarters of the Group Parties most recently then ended in respect of which financial statements are internally available (as determined
in good faith by the Borrower) and delivered to the Administrative Agent for further distribution to each Lender.

 

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“Threshold Amount”
means the greater of (i) $52,500,000 and (ii) 25.0% of Consolidated EBITDA of the Group Parties.

 

“Total Outstandings”
means the aggregate Outstanding Amount of all Loans.

 

“Tranche”
means any Term Loan Tranche.

 

“Transactions”
means the transactions contemplated pursuant to the Purchase Agreement (including the Acquisition), together with each of the following
transactions consummated or to be consummated in connection therewith:

 

(a)            the
Borrower obtaining the Initial Term Loan Facility and the First Lien Term Facility;

 

(b)            the
Borrower, the ABL Representative and the requisite lenders under the ABL Facility entering into an amendment to the ABL Credit Agreement;

 

(c)            (i) the
direct or indirect cash equity investment in the Borrower (or a parent company thereof) made by the Sponsor, certain limited partners
thereof or other investors (the “Investors”) along with any additional co-investors arranged by or designated by the
Investors, in an amount not less than $60.0 million (the “Investor Equity Contribution”) and (ii) the issuance
by the direct or indirect parent of the Borrower of additional equity which may include any perpetual preferred equity investment (clauses
(i) and (ii), collectively, the “Equity Contribution”);

 

(d)            the
repayment in full and of outstanding principal, accrued and unpaid interest, fees, and other amounts (other than contingent indemnification
obligations for which no claim has been asserted and that by their terms survive the termination of the Existing Term Loan Credit Agreement)
under the Existing Term Loan Credit Agreement (and, in connection therewith, any security interests and guarantees in connection therewith
shall be terminated and/or released) (the “Refinancing”); and

 

(e)            the
payment of all fees, premiums, costs and expenses (including original issue discount and upfront fees) incurred in connection with the
transactions described in the foregoing provisions of this definition (the “Transaction Costs”).

 

“Transaction Costs”
has the meaning specified in the definition of “Transactions.”

 

“Transition Arrangements”
means, collectively, any Transition Services Agreement, the IP Assignment Agreement (as defined in the Purchase Agreement), the IP Cross-License
Agreement (as defined in the Purchase Agreement), each Sublease Agreement (as defined in the Purchase Agreement), the TDP License Agreement
(as defined in the Purchase Agreement), in each case, to be entered into on or prior to (or in connection with) the Closing Date, as
amended, restated, amended and restated, modified, supplemented or replaced from time to time in a manner not materially adverse to the
interest of the Borrower and its Restricted Subsidiaries from time to time.

 

“Transition Services
Agreement” means any Transition Services Agreement (as defined in the Purchase Agreement), as amended, restated, amended and
restated, modified, supplemented or replaced from time to time in a manner not materially adverse to the interest of the Borrower and
its Restricted Subsidiaries from time to time.

 

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

 

“UCC Filing Collateral”
has the meaning specified in Section 4.01.

 

“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.

 

“Undisclosed Administration”
means in relation to a Lender or its direct or indirect parent company the appointment of an administrator, provisional liquidator, conservator,
receiver, trustee, custodian or other similar official by a supervisory authority or regulator under or based on the law in the country
where such Person is subject to home jurisdiction supervision if applicable law requires that such appointment is not to be publicly
disclosed.

 

“Unfunded Advances”
means, with respect to the Administrative Agent, the aggregate amount, if any (a) made available to the Borrower on the assumption
that each Lender has made available to the Administrative Agent such Lender’s share of the applicable Borrowing available to the
Administrative Agent as contemplated by Section 2.12(b) and (b) with respect to which a corresponding amount shall not
in fact have been returned to the Administrative Agent by the Borrower or made available to the Administrative Agent by any such Lender.

 

“Unfunded Pension
Liability” means the excess of a Plan’s benefit liabilities under Section 4001(a) of ERISA over the current
value of such Plan’s assets, determined in accordance with assumptions used for funding the Plan pursuant to Section 412 of
the Code for the applicable plan year.

 

“Uniform Commercial
Code” or “UCC” means the Uniform Commercial Code as the same may from time to time be in effect in the State
of New York or the Uniform Commercial Code (or similar code or statute) of another jurisdiction, to the extent it may be required to
apply to any item or items of Collateral.

 

“United Kingdom”
means the United Kingdom of Great Britain and Northern Ireland.

 

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

 

“Unpaid Amount”
has the meaning specified in Section 7.05.

 

“Unrestricted
Cash Amount” means, as of any date of determination, the amount of (a) cash and Cash Equivalents of Holdings and its Restricted
Subsidiaries (whether or not held in an account pledged to the Administrative Agent) to the extent not required to be designated as restricted
on the consolidated balance sheet of Holdings and its Restricted Subsidiaries in accordance with GAAP and (b) cash and Cash Equivalents
restricted in favor of the Facilities (which may also include cash and Cash Equivalents securing other Indebtedness secured by a Lien
on the Collateral), the First Lien Term Facility or the ABL Facility.

 

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“Unrestricted Subsidiary”
means:

 

(1)           any
Subsidiary of the Borrower that at the time of determination shall be designated an Unrestricted Subsidiary by the Board of Directors
of the Borrower, Holdings or any Parent Holding Company in the manner provided below; and

 

(2)           any
Subsidiary of an Unrestricted Subsidiary.

 

The
Borrower may designate (or subsequently re-designate) any Subsidiary of the Borrower (including any existing Subsidiary and any newly
acquired or newly formed Subsidiary of the Borrower) to be an Unrestricted Subsidiary unless such Subsidiary or any of its Subsidiaries
owns any Capital Stock or Indebtedness of, or owns or holds any Lien on any property of, the Borrower or any other Subsidiary of the
Borrower that is not a Subsidiary of the Subsidiary to be so designated; provided, however, that the Subsidiary to be so
designated and its Subsidiaries do not at the time of designation have any Indebtedness pursuant to which the lender has recourse to
any of the assets of Holdings or any of its Restricted Subsidiaries; provided, further, however, that either:

 

(a)            the
Subsidiary to be so designated has total consolidated assets of $1,000 or less; or

 

(b)            if
such Subsidiary has consolidated assets greater than $1,000, then the Investment arising from such designation would be permitted under
Section 7.05.

 

The Borrower may designate
any Unrestricted Subsidiary to be a Restricted Subsidiary (a “Subsidiary Redesignation”). Any Indebtedness of such
Subsidiary and any Liens encumbering its assets at the time of such designation shall be deemed newly Incurred or established, as applicable,
at such time.

 

Any such designation by the
Borrower shall be evidenced to the Administrative Agent by promptly delivering to the Administrative Agent an officer’s certificate
certifying that such designation complied with the foregoing provisions.

 

For purposes of designating
any Restricted Subsidiary as an Unrestricted Subsidiary, all outstanding Investments by the Borrower and its Restricted Subsidiaries
(except to the extent repaid) in the Subsidiary so designated will be deemed to be Investments in such Unrestricted Subsidiary in an
amount determined as set forth in the last sentence of the definition of “Investments”.

 

Notwithstanding the foregoing,
the Borrower shall not be permitted to designate any subsidiary that holds Material Intellectual Property or Contracts as an Unrestricted
Subsidiary and neither the Borrower nor any Restricted Subsidiary shall be permitted to contribute, sell, transfer or otherwise dispose
of any Material Intellectual Property or Contracts to an Unrestricted Subsidiary.

 

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

 

“U.S. Obligor”
means Holdings, the Borrower and any Guarantor which is a Domestic Subsidiary.

 

“U.S. Special Resolution
Regimes” has the meaning specified in Section 10.24.

 

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

 

“Vertex Holdings”
has the meaning specified in the Preliminary Statements of this Agreement.

 

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“Voting Stock”
of any Person as of any date means the Capital Stock of such Person that is at the time entitled to vote (without regard to the occurrence
of any contingency) in the election of the Board of Directors of such Person.

 

“Weighted Average
Life to Maturity” means, when applied to any Indebtedness or Disqualified Stock or Preferred Stock, as the case may be, at
any date, the number of years (and/or portion thereof) obtained by dividing: (a) the sum of the products obtained by multiplying
(i) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal, including
payment at final maturity, in respect of such Indebtedness or redemption or similar payment, in respect of such Disqualified Stock or
Preferred Stock, by (ii) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the
making of such payment; by (b) the then outstanding principal amount of such Indebtedness; provided that for purposes of
determining the Weighted Average Life to Maturity of any Indebtedness (the “Applicable Indebtedness”), the effects
of any amortization or prepayments made on such Applicable Indebtedness prior to the date of such determination will be disregarded.

 

“Wholly Owned Restricted
Subsidiary” means any Wholly Owned Subsidiary that is a Restricted Subsidiary.

 

“Wholly Owned Subsidiary”
of any Person means a direct or indirect Subsidiary of such Person 100% of the outstanding Capital Stock or other ownership interests
of which (other than directors’ qualifying shares or shares or interests required to be held by foreign nationals or other third
parties to the extent required by applicable law) shall at the time be owned by such Person or by one or more Wholly Owned Subsidiaries
of such Person.

 

“Withholding Agent”
means any Loan Party, the Administrative Agent and any other applicable withholding agent.

 

“Working Capital”
means, with respect to the Borrower and the Restricted Subsidiaries on a consolidated basis, Consolidated Current Assets minus Consolidated
Current Liabilities.

 

“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 1.02     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
meanings of defined terms are equally applicable to the singular and plural forms of the defined terms.

 

(b)           The
words “herein,” “hereto,” “hereof” and “hereunder” and words of similar import when used
in any Loan Document shall refer to such Loan Document as a whole and not to any particular provision thereof.

 

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(c)           References
in this Agreement to an Exhibit, Schedule, Article, Section, clause or subclause refer (A) to the appropriate Exhibit or Schedule
to, or Article, Section, clause or subclause in this Agreement or (B) to the extent such references are not present in this Agreement,
to the Loan Document in which such reference appears.

 

(d)           The
term “including” is by way of example and not limitation.

 

(e)           The
term “documents” includes any and all instruments, documents, agreements, certificates, notices, reports, financial statements
and other writings, however evidenced, whether in physical or electronic form.

 

(f)           Any
reference herein to any Person shall be construed to include such Person’s successors and permitted assigns.

  

(g)           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.”

 

(h)           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.

 

(i)            In
measuring compliance with this Agreement with respect to any (x) Investment or acquisition (whether by merger, consolidation or
other business combination or acquisition of Capital Stock or otherwise) and (y) Restricted Payment, repayment, repurchase or refinancing
of Indebtedness with respect to which an irrevocable notice of Restricted Payment or repayment (or similar irrevocable notice), which
may be conditional, has been delivered, in each case for purposes of determining:

 

(1)            whether
any Indebtedness (including Acquired Indebtedness) that is being Incurred in connection with such Investment, acquisition or repayment,
repurchase or refinancing of Indebtedness is permitted to be Incurred in compliance with Section 2.14, Section 2.15 or Section 7.01;

 

(2)            whether
any Lien being Incurred in connection with such Investment, acquisition or repayment, repurchase or refinancing of Indebtedness or to
secure any such Indebtedness is permitted to be Incurred in accordance with Section 7.02 or the definition of “Permitted Liens”;

 

(3)            whether
any other transaction undertaken or proposed to be undertaken in connection with such Investment, acquisition or repayment, repurchase
or refinancing of Indebtedness complies with the covenants or agreements contained in this Agreement;

 

(4)            whether
any representation or warranty set forth herein is true or correct;

 

(5)            whether
a Default or Event of Default (or any type of Default or Event of Default) shall have occurred and be continuing; and

 

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(6)            any
calculation of the ratios or baskets, including Consolidated First Lien Net Leverage Ratio, Consolidated Secured Net Leverage Ratio,
Consolidated Total Net Leverage Ratio, Consolidated Interest Coverage Ratio, Consolidated EBITDA, Consolidated Net Income, Consolidated
Net Tangible Assets, Pro Forma Cost Savings and Pro Forma Revenue Synergies, and whether a Default or Event of Default exists in connection
with the foregoing, 

 

at the option of the Borrower, the
date that the letter of intent or definitive agreement for such Investment, acquisition or repayment, repurchase or refinancing of Indebtedness
is entered into or notice, which may be conditional, of such Restricted Payment or repayment, repurchase or refinancing of Indebtedness
is given to the holders of such Indebtedness (the “Transaction Agreement Date”) may be used as the applicable date
of determination, as the case may be, in each case with such pro forma adjustments as are appropriate and consistent with the pro forma
adjustment provisions set forth in the definition of “Pro Forma Basis” or “Consolidated EBITDA” (provided
that, notwithstanding the Borrower’s election to use the Transaction Agreement Date under this Section 1.02(i), the Borrower
may elect (in its discretion) to re-determine one or more of clauses (1) through (6) above at (x) the time of any delivery
of financial statements prior to the consummation of such transaction or (y) the time of the consummation of such transaction).
For the avoidance of doubt, if the Borrower elects to use the Transaction Agreement Date as the applicable date of determination in accordance
with the foregoing, (a) any fluctuation or change in the Consolidated First Lien Net Leverage Ratio, Consolidated Secured Net Leverage
Ratio, Consolidated Total Net Leverage Ratio, Consolidated Interest Coverage Ratio, Consolidated EBITDA, Consolidated Net Income, Consolidated
Net Tangible Assets, Pro Forma Cost Savings and/or Pro Forma Revenue Synergies of the Borrower from the Transaction Agreement Date to
the consummation of such Investment, acquisition, Restricted Payment or repayment, repurchase or refinancing of Indebtedness, will not
be taken into account for purposes of determining whether any Indebtedness or Lien that is being Incurred in connection with such Investment,
acquisition or repayment, repurchase or refinancing of Indebtedness, or in connection with compliance by the Borrower or any of the Restricted
Subsidiaries with any other provision of the Loan Documents or any other transaction undertaken in connection with such Investment, acquisition
or repayment, repurchase or refinancing of Indebtedness, is permitted to be Incurred, (b) until such Investment, acquisition, Restricted
Payment or repayment, repurchase or refinancing of Indebtedness is consummated or such definitive agreements are terminated (or conditions
in any conditional notice can no longer be met), such Investment, acquisition or repayment, repurchase or refinancing of Indebtedness
and all transactions proposed to be undertaken in connection therewith (including the Incurrence of Indebtedness and Liens and the intended
use of proceeds thereof) and at the election of the Borrower, other acquisitions or similar investments for which a letter of intent
or definitive agreements have been executed will be given pro forma effect when determining compliance of other transactions (including
the Incurrence of Indebtedness and Liens unrelated to such Investment, acquisition or repayment, repurchase or refinancing of Indebtedness)
that are consummated after the Transaction Agreement Date and on or prior to the consummation of such Investment, acquisition, Restricted
Payment or repayment, repurchase or refinancing of Indebtedness and any such transactions (including any Incurrence of Indebtedness and
the use of proceeds thereof) will be deemed to have occurred on the date the definitive agreements are entered and outstanding thereafter
for purposes of calculating any baskets or ratios under the Loan Documents after the date of such agreement and before the consummation
of such Investment, acquisition or repayment, repurchase or refinancing of Indebtedness and (c) no Default or Event of Default shall
occur solely based on any fluctuation or change in the Consolidated First Lien Net Leverage Ratio, Consolidated Secured Net Leverage
Ratio, Consolidated Total Net Leverage Ratio, Consolidated Interest Coverage Ratio, Consolidated EBITDA, Consolidated Net Income, Consolidated
Net Tangible Assets, Pro Forma Cost Savings and/or Pro Forma Revenue Synergies of the Borrower from the Transaction Agreement Date to
the consummation of such Investment, acquisition, Restricted Payment or repayment, repurchase or refinancing of Indebtedness.

 

(j)            As
used herein, the term “Consolidated EBITDA” is deemed to refer to Consolidated EBITDA of the Group Parties for the Test Period
most recently then ended.

 

Section 1.03     Accounting
Term.

 

(a)            All
accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data (including
financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity
with, GAAP, as in effect from time to time.

 

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(b)            If
at any time any change in GAAP or the application thereof would affect the computation or interpretation of any financial ratio, basket,
requirement or other provision set forth in any Loan Document, and either the Borrower or the Required Lenders shall so request, the
Administrative Agent and the Borrower shall negotiate in good faith to amend such ratio, basket, requirement or other provision to preserve
the original intent thereof in light of such change in GAAP or the application thereof (subject to the approval of the Required Lenders
not to be unreasonably withheld, conditioned or delayed); provided that, until so amended, such ratio, basket, requirement or
other provision shall continue to be computed or interpreted in accordance with GAAP or the application thereof prior to such change
therein.

 

(c)            Notwithstanding
anything to the contrary contained herein, all such financial statements shall be prepared, and all financial covenants contained herein
or in any other Loan Document shall be calculated, in each case, without giving effect to any election under FASB ASC 825 (or any similar
accounting principle) permitting a Person to value its financial liabilities at the fair value thereof.

 

(d)            Notwithstanding
anything to the contrary contained herein, unless the Borrower has irrevocably elected pursuant to a certificate executed by an Responsible
Officer of the Borrower and delivered to the Administrative Agent that this clause (d) shall no longer apply with respect to an
applicable Test Period and each Test Period thereafter on or prior to the delivery of financial statements for such Test Period pursuant
to Section 6.01, the determination of whether a lease is a Capital Lease or a Non-Finance Lease, shall, in each case, be determined
without giving effect to ASC 842 (Leases), except that financial statements delivered pursuant to Section 6.01 may be prepared in
accordance with GAAP (including giving effect to ASC 842 (Leases)) as in effect at the time of such delivery).

 

Section 1.04     Rounding.
Any financial ratios required to be maintained by the Borrower, or satisfied in order for a specific action to be permitted, under 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).

 

Section 1.05     References
to Agreements and Laws. Unless otherwise expressly provided herein, (a) references to Organization Documents, agreements (including
the Loan Documents) and other contractual instruments shall be deemed to include all subsequent amendments, restatements, extensions,
supplements and other modifications thereto, but only to the extent that such amendments, restatements, extensions, supplements and other
modifications are permitted by any Loan Document and (b) references to any Law shall include all statutory and regulatory provisions
consolidating, amending, replacing, supplementing or interpreting such Law.

 

Section 1.06     Times
of Day. Unless otherwise specified, all references herein to times of day shall be references to Eastern time (daylight savings or
standard, as applicable).

 

Section 1.07     Timing
of Payment or Performance. When the payment of any obligation or the performance of any covenant, duty or obligation is stated to
be due or performance required on a day which is not a Business Day, the date of such payment (other than as specifically provided in
Section 2.12 or as described in the definition of “Interest Period”) or performance shall extend to the immediately
succeeding Business Day.

 

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Section 1.08     Currency
Equivalents Generally.

 

(a)            Any
amount specified in this Agreement (other than in Articles II, IX and X or as set forth in clause (b) of this Section 1.08)
or any of the other Loan Documents to be in Dollars shall also include Dollar Equivalent of such amount in any currency other than Dollars.
The Administrative Agent shall determine the Spot Rate as of relevant date of determination to be used for calculating Dollar Equivalent
amounts. Such Spot Rate shall become effective as of such relevant date of determination and shall be the Spot Rate employed in converting
any amounts between the Dollars any currency other than Dollars until the next relevant date of determination occurs. Except for purposes
of financial statements delivered by Loan Parties hereunder or calculating financial ratios 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 determined by the Administrative Agent in accordance with this Agreement.; provided that if any basket is exceeded solely
as a result of fluctuations in applicable currency exchange rates after the last time such basket was utilized, such basket will not
be deemed to have been exceeded solely as a result of such fluctuations in currency exchange rates.

 

(b)           For
purposes of determining the Consolidated First Lien Net Leverage Ratio, Consolidated Secured Net Leverage Ratio, Consolidated Total Net
Leverage Ratio and the Consolidated Interest Coverage Ratio, amounts denominated in a currency other than Dollars will be converted to
Dollars for the purposes of calculating the Consolidated First Lien Net Leverage Ratio, Consolidated Secured Net Leverage Ratio, Consolidated
Total Net Leverage Ratio and the Consolidated Interest Coverage Ratio, at the Exchange Rate as of the date of calculation, and will,
in the case of Indebtedness, Consolidated Funded First Lien Indebtedness, Consolidated Funded Indebtedness and Consolidated Funded Secured
Indebtedness, be the weighted average exchange rates used for determining Consolidated EBITDA for the relevant period; provided
that if any Group Party has entered into any currency Swap Contracts in respect of any borrowings, the currency and amount of such borrowings
shall be determined by first taking into account the effects of that currency Swap Contract.

 

(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 the rates in the definition of “Daily Simple SOFR”, “Eurodollar
Rate”, “SOFR”, “Term SOFR” or with respect to any comparable or successor rate thereto.

 

Section 1.09     LIBOR
Replacement.

 

(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-month, 3-month, 6-month and 12- month LIBOR tenor settings. On the date that is the earlier of (the “Benchmark Transition Date”)
(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 or quarterly basis as determined by the Borrower from time to
time prior to the commencement of the applicable interest payment period. Notwithstanding anything to the contrary herein, if another
alternate benchmark rate that is a then prevailing or evolving market convention for determining a rate of interest for similar U.S.
dollar credit facilities is available prior to, on or after the Benchmark Transition Date that does not constitute Daily Simple SOFR
or Term SOFR, then the Administrative Agent and the Borrower may amend this Agreement to incorporate such alternate benchmark rate as
the “Benchmark Rate” (including giving effect to any spread adjustment to such Benchmark Rate that is consistent with the
prevailing market convention for similar U.S. dollar credit facilities) and make Benchmark Replacement Conforming Changes in connection
therewith.

 

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(b)           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 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 Base Rate based upon the Benchmark will not be used in any determination of Base Rate.

 

(c)           Notwithstanding
anything to the contrary herein or in any other Loan Document and subject to the proviso below in this paragraph, if a Term SOFR Transition
Event and its related Benchmark Replacement Date have occurred, then, at the election of the Borrower at any time thereafter, the Term
SOFR 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 the foregoing under this clause (iii) shall not be effective unless
the Administrative Agent has delivered a Term SOFR Notice to the Lenders (it being understood that upon the occurrence of a Term SOFR
Transition Event, upon such mutual election of the Borrower and the Administrative Agent, the Administrative Agent shall deliver a Term
SOFR Notice to the Lenders).

 

(d)           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 (in consultation with the Borrower) 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 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 the Borrower pursuant to this Section 1.09, 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 or their sole discretion and without consent
from any other party hereto, except, in each case, as expressly required pursuant to this Section 1.09.

 

(f)            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 such Benchmark (including Benchmark Replacement) settings and (ii) the Administrative Agent may reinstate any such previously
removed tenor for such Benchmark (including Benchmark Replacement) settings.

 

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Section 1.10     Pro
Forma Calculations. Notwithstanding anything to the contrary herein (subject to Section 1.02(i)), the Consolidated First Lien
Net Leverage Ratio, the Consolidated Secured Net Leverage Ratio, the Consolidated Total Net Leverage Ratio the Consolidated Interest
Coverage Ratio, Consolidated EBITDA, Consolidated Net Income and Consolidated Net Tangible Assets shall be calculated (including for
purposes of Sections 2.14 and 2.15) on a Pro Forma Basis with respect to each Specified Transaction occurring during the applicable Test
Period to which such calculation relates, and/or subsequent to the end of the applicable Test Period but not later than the date of such
calculation; provided that notwithstanding the foregoing, when calculating the Consolidated First Lien Net Leverage Ratio for
purposes of determining the Applicable Rate or the applicable percentage of Excess Cash Flow for purposes of Section 2.05(b), any
Specified Transaction and any related adjustment contemplated in the definition of Pro Forma Basis (and corresponding provisions of the
definition of “Consolidated EBITDA”) that occurred subsequent to the end of the applicable Test Period shall not be given
Pro Forma Effect. With respect to any pro forma calculations to be made in connection with any acquisition or investment in respect of
which financial statements for the relevant target are not available for the same Test Period for which internal financial statements
of the Borrower are available, the Borrower shall determine such pro forma calculations on the basis of the available financial statements
(even if for differing periods) or such other basis as determined on a commercially reasonable basis by the Borrower.

 

Section 1.11     Calculation
of Baskets.

 

(a)            If
any of the baskets set forth in this Agreement are exceeded solely as a result of fluctuations to Consolidated EBITDA or Consolidated
Net Tangible Assets for the most recently completed fiscal quarter after the last time such baskets were calculated for any purpose under
this Agreement, such baskets will not be deemed to have been exceeded solely as a result of such fluctuations.

 

(b)            Notwithstanding
anything to the contrary in this Agreement, with respect to any amounts incurred or transactions entered into (or consummated) in reliance
on a Basket or other provision of this Agreement (any such Basket or other provision, a “Fixed Basket”) that does
not require compliance with a financial ratio or test (including, without limitation, Pro Forma Compliance with any Consolidated First
Lien Net Leverage Ratio test, Consolidated Secured Net Leverage Ratio test, Consolidated Total Net Leverage Ratio test or any Consolidated
Interest Coverage Ratio test) (any such ratio or test, a “Financial Incurrence Test”) (any such amounts, including,
for the avoidance of doubt, (i) Designated Funding Commitments and amounts drawn under the ABL Facility, (ii) any grower component
based on Consolidated EBITDA or Consolidated Net Tangible Assets and (iii) New Loan Commitments, New Incremental Notes and Incremental
Equivalent Debt incurred pursuant to the Cash-Capped Incremental Facility or the Prepayment-Based Incremental Facility, the “Fixed
Amounts”), in each case substantially concurrently with (or as part of a single transaction or a series of related transactions
with) any amounts incurred or transactions entered into (or consummated) in reliance on a provision of this Agreement that requires compliance
with any Financial Incurrence Test (any such amounts, the “Incurrence-Based Amounts”), it is understood and agreed
that such Fixed Amounts (or any other amounts incurred under a Fixed Basket) (but giving full Pro Forma Effect to the use of proceeds
of all such amounts and concurrent related transactions) shall be disregarded in the calculation of any Financial Incurrence Test applicable
to Incurrence-Based Amounts that is substantially concurrent (or part of a single transaction or a series of related transactions); provided
that, notwithstanding anything to the contrary in this Agreement, any amounts incurred or transactions entered into (or consummated)
in reliance on a provision of this Agreement that is expressly limited by a fixed-dollar limitation (including any grower component based
on a percentage of Consolidated EBITDA or Consolidated Net Tangible Assets) and that includes, as a condition to incurring amounts or
entering into or consummating transactions, in reliance on such provision limited by a fixed-dollar limitation, a requirement of compliance
with a Financial Incurrence Test (including, without limitation, incurring amounts or entering into or consummating transactions under
clause (4) of the first paragraph of Section 7.05) shall constitute a “Fixed Amount” hereunder. If any Lien, Investment, Indebtedness,
Restricted Payment or Affiliate Transaction or other transaction, action, judgment or amount incurred under any provision in this Agreement
or any other Loan Document (or any portion of the foregoing) previously divided and classified (or re-divided and re-classified) as set
forth below under any Fixed Amount, could subsequently be re-divided and re-classified as an Incurrence-Based Amount, such re-division
and re-classification shall be deemed to occur automatically, in each case, unless otherwise elected by the Borrower.

 

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(c)            For
purposes of determining compliance with any Section 2.14, Section 2.15 or any of the covenants set forth in Article VI
or Article VII at any time (whether at the time of incurrence or thereafter), if any Lien, Investment, Indebtedness, Disqualified
Stock, Preferred Stock, Asset Sale (or other disposition, sale or transfer of assets), Restricted Payment or Affiliate Transaction (or
any portion of the foregoing) meets the criteria of one, or more than one, of the clauses of the provision permitting (including by way
of exemption) such Lien, Investment, Indebtedness, Disqualified Stock, Preferred Stock, Asset Sale (or other disposition, sale
or transfer of assets), Restricted Payment or Affiliate Transaction, as the case may be or any portion thereof, the Borrower (i) shall
in its sole discretion determine under which clause (or sub-clause) or clauses (or sub-clauses) such Lien, Investment, Indebtedness,
Asset Sale (or other disposition, sale or transfer of assets), Restricted Payment or Affiliate transaction (or, in each case, any portion
thereof), as the case may be, is classified and (ii) shall be permitted, in its sole discretion, to make any subsequent redetermination
and/or to divide, classify or reclassify under which clause or clauses such Lien, Investment, Indebtedness, Disqualified Stock,
Preferred Stock, Asset Sale (or other disposition, sale or transfer of assets), Restricted Payment or Affiliate Transaction, as the case
may be, is permitted from time to time as it may determine and without notice to the Administrative Agent or any Lender (including to
re-classify utilization of any Fixed Amounts as being incurred under any Incurrence-Based Amounts or other Fixed Amounts or utilization
of any Incurrence-Based Amounts as being incurred under any Fixed Amount or other Incurrence-Based Amounts); provided that (i) any
amount incurred under a Fixed Amount which may later be reclassified as incurred under an Incurrence-Based Amount shall automatically
be reclassified as incurred under the applicable Incurrence-Based Amount, unless otherwise elected by the Borrower, (ii) all Indebtedness
under this Agreement Incurred on the Closing Date shall be deemed to have been Incurred pursuant to Section 7.01(a) and the
Borrower shall not be permitted to reclassify all or any portion of Indebtedness Incurred on the Closing Date pursuant to Section 7.01(a),
and (iii) all Indebtedness under the ABL Credit Agreement will be deemed to have been Incurred pursuant to Section 7.01(b) and
all Indebtedness under the First Lien Credit Agreement Incurred on the Closing Date will be deemed to have been Incurred pursuant to
Section 7.01(jj) and the Borrower shall not be permitted to reclassify all or any portion of such Indebtedness.

 

(d)           If
any Lien, Investment, Indebtedness, Disqualified Stock or Preferred Stock, Asset Sale (or other disposition or other sale or
transfer of assets), Restricted Payment, Affiliate Transaction, or other transaction or action is incurred, issued or consummated in
reliance on a Basket measured by reference to a percentage of Consolidated EBITDA or Consolidated Net Tangible Assets, and any such Lien, Investment, Indebtedness,
Disqualified Stock or preferred Capital Stock, disposition or other sale or transfer of assets, Restricted Payment, Affiliate transaction,
Contractual Requirement, prepayment or redemption of Indebtedness or other transaction or action would subsequently exceed the applicable
percentage of Consolidated EBITDA or Consolidated Net Tangible Assets, as applicable, under such Basket if calculated based on the Consolidated
EBITDA or Consolidated Net Tangible Assets, as applicable, on a later date (including the date of any refinancing), such percentage of
Consolidated EBITDA or Consolidated Net Tangible Assets, as applicable, will be deemed not to be exceeded; provided that, in the case
of refinancing any Indebtedness, Disqualified Stock or Preferred Stock (and any related Lien) in reliance on this clause (c), the principal
amount of such refinancing Indebtedness, Disqualified Stock or Preferred Stock does not exceed the aggregate outstanding principal amount,
accreted value or liquidation preference of the refinanced Indebtedness, Disqualified Stock or Preferred Stock, plus any Incremental
Amounts Incurred in connection with the refinancing of such Indebtedness, Disqualified Stock or Preferred Stock and the incurrence or
issuance of such refinancing Indebtedness, Disqualified Stock or Preferred Stock.

 

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(e)            With
respect to any Designated Funding Commitment (to the extent loans funded under such Designated Funding Commitment would constitute Indebtedness,
or Capital Stock issued pursuant to such Designated Funding Commitment would constitute Disqualified Stock or Preferred Stock, in each
case, that is subject to Section 7.01), except for purposes of the Secured Net Leverage Ratio under Section 2.05(b),
the incurrence or issuance of such Indebtedness (and any Lien in connection therewith), Disqualified Stock or Preferred Stock, as applicable,
by Borrower or any Restricted Subsidiary provided for under such Designated Funding Commitment shall be deemed to occur (on a Pro Forma
Basis after giving effect to the incurrence or issuance of the entire committed amount thereof (but without netting any cash proceeds
thereof)) on the date of designation of such commitment as a Designated Funding Commitment (and any such unfunded commitment constituting
a Designated Funding Commitment under this Agreement shall be deemed outstanding for purposes of incurring or issuing any other Indebtedness,
Disqualified Stock or Preferred Stock or Lien under this Agreement, in each case, at all times such designated commitments remain outstanding)
and, from and after such designation, so long as such incurrence or issuance is permitted under this Agreement on the date of such designation,
Borrower and/or its applicable Restricted Subsidiaries may incur or issue such Indebtedness (including any borrowing, re-borrowing and
issuance of letters of credit thereunder)) (and any Lien in connection therewith), Disqualified Stock or Preferred Stock up to the committed
amount thereof so designated under such Designated Funding Commitment without further compliance with, or determination of availability
under, any Financial Incurrence Test, Incurrence-Based Amount, Fixed Amount, Fixed Basket or other Basket under this Agreement;
provided that, for the avoidance of doubt, (i) the Borrower may revoke any such designation as a Designated Funding Commitment
in accordance with the definition thereof at any time and from time to time and (ii) if any such Designated Funding Commitment is
drawn, such Indebtedness shall be deemed to be outstanding for purposes of testing each applicable Financial Incurrence Test.

 

(f)            Notwithstanding
anything to the contrary set forth herein, for the avoidance of doubt and without duplication of any applicable Basket set forth herein,
the Loan Documents shall be deemed to permit (x) the Transactions and (y) any Transition Arrangements (or any other transition
or shared services agreements and arrangements in connection with the Acquisition or otherwise contemplated under the Purchase Agreement
that, in each case, are not materially more adverse to the interest of the Borrower and its Restricted Subsidiaries than the Transition
Arrangements entered into on or prior to the Closing Date).

 

Section 1.12     Divisions.
For all purposes under the Loan Documents, in connection with any division or plan of division 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.

 

ARTICLE II.

The Commitments and Borrowings

 

Section 2.01     The
Loans.

 

(a)            The
Initial Term Borrowing. Subject to the terms and conditions set forth herein, each Term Lender with an Initial Term Commitment severally
agrees to make a single loan denominated in Dollars (the “Initial Term Loans”) to the Borrower on the Closing Date
in an amount equal to such Term Lender’s Initial Term Commitment. The Initial Term Borrowing shall consist of Initial Term Loans
made simultaneously by the Term Lenders in accordance with their respective Initial Term Commitments. Amounts borrowed under this Section 2.01(a) and
subsequently repaid or prepaid may not be reborrowed (it being understood, however, that prepayments will be taken into account for purposes
of any Prepayment-Based Incremental Facility to the extent provided by Section 2.14). Initial Term Loans may be Base Rate Loans
or Eurodollar Rate Loans as further provided herein.

 

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(b)           [Reserved].

 

(c)            After
the Closing Date, subject to and upon the terms and conditions set forth herein, each Lender with a Term Commitment (other than an Initial
Term Commitment) with respect to any Tranche of Term Loans (other than Initial Term Loans) severally agrees to make a Term Loan denominated
in Dollars under such Tranche to the Borrower in an amount not to exceed such Term Lender’s Term Commitment under such Tranche
on the date of Incurrence thereof, which Term Loans under such Tranche shall be Incurred pursuant to a single drawing on the date set
forth for such Incurrence. Such Term Loans may be Base Rate Loans or Eurodollar Rate Loans as further provided herein. Once repaid, Term
Loans Incurred hereunder may not be reborrowed (it being understood, however, that prepayments will be taken into account for purposes
of any Prepayment-Based Incremental Facility to the extent provided by Section 2.14).

 

Section 2.02     Borrowings,
Conversions and Continuations of Loans.

 

(a)            Each
Term Borrowing, each conversion of a Tranche of Term Loans from one Type to the other, and each continuation of Eurodollar Rate Loans,
shall be made upon irrevocable notice by the Borrower to the Administrative Agent. Each such notice must be in writing and must be received
by the Administrative Agent not later than (i) 2:00 p.m. (New York City time) three (3) Business Days prior to the requested
date of any Borrowing of, conversion of Base Rate Loans to, or continuation of, Eurodollar Rate Loans (or in the case of any such Borrowing
to be made on the Closing Date or any Borrowing pursuant to Section 2.14 or Section 2.18, one Business Day prior to the date
of such Borrowing), and (ii) 1:00 p.m. (New York City time) one (1) Business Day prior to the requested date of any Term
Borrowing of Base Rate Loans or of any conversion of Eurodollar Rate Loans to Base Rate Loans. Each notice pursuant to this Section 2.02(a) shall
be delivered to the Administrative Agent in the form of a written Committed Loan Notice, appropriately completed and signed by a Responsible
Officer of the Borrower.

 

Each Borrowing of, conversion
to or continuation of Eurodollar Rate Loans shall be (i) in a principal amount of $1,000,000, or (ii) a whole multiple of $500,000
in excess thereof. Each Borrowing of, or conversion to, Base Rate Loans shall be (i) in a principal amount of $500,000, or (ii) a
whole multiple of $250,000 in excess thereof.

 

(b)            Each
Committed Loan Notice shall specify (i) whether the Borrower is requesting a Term Borrowing, a conversion of a Tranche of Term Loans
from one Type to the other, or a continuation of Eurodollar Rate Loans, (ii) the requested date of the Borrowing, conversion or
continuation, as the case may be (which shall be a Business Day), (iii) the principal amount of Loans to be borrowed, converted
or continued, (iv) the Type of Loans to be borrowed or to which existing Tranche of Term Loans are to be converted and (v) if
applicable, the duration of the Interest Period with respect thereto. If, with respect to any Eurodollar Rate Loans, the Borrower fails
to specify a Type of Loan in a Committed Loan Notice or if the Borrower fails to give a timely notice requesting a conversion or continuation,
then the applicable Tranche of Term Loans shall be made as, or converted to, Eurodollar Rate Loans with an Interest Period of 1 month.
Any such automatic conversion or continuation pursuant to the immediately preceding sentence shall be effective as of the last day of
the Interest Period then in effect with respect to the applicable Eurodollar Rate Loans. If the Borrower requests a Borrowing of, conversion
to, or continuation of Eurodollar Rate Loans in any such Committed Loan Notice, but fails to specify an Interest Period, it will be deemed
to have specified an Interest Period of one month.

 

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(c)            Following
receipt of a Committed Loan Notice, the Administrative Agent shall promptly notify each applicable Lender of the amount of its ratable
share of the applicable Tranche of Term Loans, and if no timely notice of a conversion or continuation of Eurodollar Rate Loans is provided
by the Borrower, the Administrative Agent shall notify each Lender of the details of any automatic conversion to Eurodollar Rate Loans
with an Interest Period of one month as described in Section 2.02(a). In the case of a Term Borrowing, each Appropriate Lender shall
make the amount of its Loan available to the Administrative Agent in immediately available funds at the Administrative Agent’s
Office not later than 3:00 p.m. (New York City time), on the Business Day specified in the applicable Committed Loan Notice. Each
Lender may, at its option, make any Loan available to the Borrower by causing any foreign or domestic branch or Affiliate of such Lender
to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan
in accordance with the terms of this Agreement. Upon satisfaction of the applicable conditions set forth in Article IV, the Administrative
Agent shall make all funds so received available to the Borrower in like funds as received by the Administrative Agent either by (i) crediting
the account of the Borrower on the books of the Administrative Agent with the amount of such funds or (ii) wire transfer of such
funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the Borrower.

 

(d)            Except
as otherwise provided herein, a Eurodollar Rate Loan may be continued or converted only on the last day of an Interest Period for such
Eurodollar Rate Loan unless the Borrower pays the amount due under Section 3.06 in connection therewith. During the existence of
an Event of Default, at the election of the Administrative Agent or the Required Lenders, no Loans may be requested as, converted to
or continued as Eurodollar Rate Loans.

 

(e)            The
Administrative Agent shall promptly notify the Borrower and the Lenders of the interest rate applicable to any Interest Period for Eurodollar
Rate Loans upon determination of such interest rate. The determination of the Eurodollar Rate by the Administrative Agent shall be conclusive
in the absence of manifest error.

 

(f)            After
giving effect to all Term Borrowings, all conversions of Term Loans from one Type to the other, and all continuations of Term Loans of
the same Type, there shall not be more than ten (10) Interest Periods in effect; provided that after the establishment of
any new Tranche of Loans, the number of Interest Periods otherwise permitted by this Section 2.02(f) shall increase
by three (3) Interest Periods for each applicable Tranche so established.

 

(g)            The
failure of any Lender to make the Loan to be made by it as part of any Borrowing shall not relieve any other Lender of its obligation,
if any, hereunder to make its Loan on the date of such Borrowing, but no Lender shall be responsible for the failure of any other Lender
to make the Loan to be made by such other Lender on the date of any Borrowing, which for the avoidance of doubt does not limit such Lender’s
obligations under Section 2.17.

 

Section 2.03     [Reserved].

 

Section 2.04     [Reserved].

 

Section 2.05     Prepayments.

 

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(a)            Optional.
(i) The Borrower may, upon notice by the Borrower to the Administrative Agent substantially in the form of Exhibit J, at any
time or from time to time voluntarily prepay Loans in whole or in part without premium or penalty except as set forth in Section 2.05(a)(iii) below;
provided that (1) such notice must be received by the Administrative Agent not later than 12:00 p.m. (New York City
time) (A) three (3) Business Days prior to any date of prepayment of Eurodollar Rate Loan and (B) on the date of prepayment
of Base Rate Loans (or, in each case, such shorter period as the Administrative Agent shall agree); (2) any prepayment of Eurodollar
Rate Loans shall be (x) in a principal amount of $1,000,000, or (y) a whole multiple of $500,000 in excess thereof; and (3) any
prepayment of Base Rate Loans shall be (x) in a principal amount of $500,000, or (y) a whole multiple of $250,000 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, the Tranche of Loans to be prepaid, the Type(s) of Loans to be prepaid and, if Eurodollar Rate Loans
are to be prepaid, the Interest Period(s) of such Loans (except that if the class of Loans to be prepaid includes both Base Rate
Loans and Eurodollar Rate Loans, absent direction by the Borrower, the applicable prepayment shall be applied first to Base Rate Loans
to the full extent thereof before application to Eurodollar Rate Loans, in each case in a manner that minimizes the amount payable by
the Borrower in respect of such prepayment pursuant to Section 3.06). The Administrative Agent will promptly notify each Lender
of its receipt of each such notice, and of the amount of such Lender’s ratable portion of such prepayment (based on such Lender’s
ratable share of the relevant Facility). If such notice is given by the Borrower, subject to clause (ii) below, the Borrower shall
make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment
of a Eurodollar Rate Loan shall be accompanied by all accrued interest thereon, together with any additional amounts required pursuant
to Section 2.05(a)(iii) and Section 3.06. Subject to Section 2.17, each prepayment of outstanding Term Loan Tranches
pursuant to this Section 2.05(a) shall be applied to the Term Loan Tranche or Term Loan Tranches designated on such notice
on a pro rata basis within such Term Loan Tranche.

 

(ii)            Notwithstanding
anything to the contrary contained in this Agreement, any notice of prepayment under Section 2.05(a)(i) may state that it is
conditioned upon the occurrence or non-occurrence of any event specified therein (including the effectiveness of other credit facilities),
in which case such notice may be revoked or delayed by the Borrower (by written notice to the Administrative Agent on or prior
to the specified effective date) if such condition is not satisfied or delayed.

 

(iii)           If
the Borrower (A) makes a voluntary prepayment of any Initial Term Loans pursuant to Section 2.05(a), (B) makes a repayment
of any Initial Term Loans pursuant to Section 2.05(b)(iii) or (C) effects any amendment with respect to the Initial Term
Loans which results in the replacement of a Term Lender holding Initial Term Loans pursuant to Section 3.08 (each event in clauses
(A) through (C), a “Premium Prepayment Event”), the Lenders holding such Initial Term Loans so prepaid shall
be entitled to a premium equal to (x) 2.00% of the aggregate principal amount of the Initial Term Loans subject to such Premium
Prepayment Event if such Premium Prepayment Event occurs prior to the first anniversary of the Closing Date, (y) 1.00 of the aggregate
principal amount of the Initial Term Loans subject to such Premium Prepayment Event if such Premium Prepayment Event occurs on or after
the first anniversary of the Closing Date but prior to the second anniversary of the Closing Date and (z) 0.00% on or after the
second anniversary of the Closing Date.

 

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(b)           Mandatory.
(i) Subject to the last paragraph of this Section 2.05(b), for any Excess Cash Flow Period, within ten (10) Business
Days after financial statements have been delivered pursuant to Section 6.01(a) and the related Compliance Certificate has
been delivered pursuant to Section 6.02(b) (or, if later, the date on which such financial statements and such Compliance Certificate
are required to be delivered), the Borrower shall prepay an aggregate principal amount of Term Loans in an amount equal to (A) 50%
(as may be adjusted pursuant to the proviso below) of Excess Cash Flow for such Excess Cash Flow Period, minus (B) at the
option of the Borrower, the aggregate amount (other than any amount applied to reduce the prepayment required under this clause (b) in
respect of any prior year) and except to the extent such prepayment, repurchase, prepayment, expenditure or Restricted Payment is funded
with the proceeds of long-term Indebtedness (other than revolving loans) of the sum of (1) the aggregate amount of all voluntary
prepayments and repurchases (including prepayments at a discount to par and open market purchases, with credit given for the actual amount
of the cash payment) made by the Borrower or any of its Restricted Subsidiaries (or committed to be made) of (t) First Lien Term
Loans, (u) Initial Term Loans, (v) New Term Loans, (w) Refinanced Second Lien Indebtedness, (x) the “Loans”
as defined in the ABL Credit Agreement as in effect on the Closing Date, (y) other Indebtedness that is secured by the Collateral
on a pari passu or senior basis with Liens securing the Obligations and (z) any refinancing, replacement or extension of
any of the foregoing (in each case of prepayments of a revolving facility or “Loans” as defined in the ABL Credit Agreement
as in effect on the Closing Date, to the extent accompanied by a corresponding permanent commitment reduction), (2) [reserved],
(3) the aggregate amount of all capital expenditures and Investments made (or committed to be made subject to reversal of such deduction
if any such committed amount is not actually expended within a twelve-month period after commitment thereof) in cash, and (4) Restricted
Payments (other than non-cash Restricted Payments and Restricted Payments made pursuant to clause (3) of the second paragraph under
Section 7.05), in each case, made (or committed to be made) during the period commencing on the first day of the relevant Excess
Cash Flow Period and ending on the last day of the relevant Excess Cash Flow Period, or, at the option of the Borrower, on the date on
which the relevant Excess Cash Flow prepayment is required to be made (such amounts in clauses (1) through (4), “ECF Deductions”)
and such ECF Deductions may be applied to reduce payments under this Section 2.05(b)(i) in respect of subsequent Excess Cash
Flow Periods to the extent the amount of such ECF Deductions exceeds the amount of payments required under this Section 2.05(b)(i) in
respect of the current Excess Cash Flow Period; provided that such percentage in respect of any Excess Cash Flow Period shall
be reduced to 25% or 0% if the Consolidated Secured Net Leverage Ratio as of the last day of the fiscal year to which such Excess Cash
Flow Period relates (but giving Pro Forma Effect to any payment under this Section 2.05 made after the last day of the year to which
such Excess Cash Flow Period relates but prior to the date on which the relevant Excess Cash Flow prepayment is or would be required
to be made) was equal to or less than 5.25 to 1.00 or 4.75 to 1.00, respectively; provided further that no prepayment shall be
required with respect to any Excess Cash Flow Period to the extent Excess Cash Flow for such period is equal to or less than (the “ECF
Threshold”) the greater of $26,250,000 and 12.5% of Consolidated EBITDA of the Group Parties (and only amounts in excess of
the ECF Threshold shall be applied to the payment thereof). Notwithstanding anything to the contrary in the foregoing, the Borrower may
elect to use a portion of such amount of payments otherwise required under this Section 2.05(b)(i) in respect of any such Excess
Cash Flow Period to prepay or repurchase any other Indebtedness that is secured by the Collateral, in each case in an amount not to exceed
the product of (1) the amount of payments otherwise required under this Section 2.05(b)(i) in respect of such Excess Cash
Flow Period and (2) a fraction, the numerator of which is the outstanding principal amount of such other Indebtedness (or to the
extent such amount is not in Dollars, such equivalent amount of such Indebtedness converted into Dollars as determined in accordance
with Section 1.08) and the denominator of which is the aggregate outstanding principal amount of Term Loans and such other Indebtedness
(or to the extent such amount is not in Dollars, such equivalent amount of such Indebtedness converted into Dollars as determined in
accordance with Article I).

 

(ii)           Subject
to the last paragraph of this Section 2.05(b), if any Asset Sale of Collateral pursuant to the General Asset Sale Basket or Casualty
Event (or series of such related Asset Sales or Casualty Events) (other than with respect to ABL Priority Collateral) results in the
receipt by the Loan Parties of aggregate Net Cash Proceeds in excess of the greater of (x) $31,250,000 and (y) 14.5% of Consolidated
EBITDA of the Group Parties (whether in a single transaction or a series of related transactions) (the “Per Transaction Prepayment
Trigger”) and in excess of the greater of (x) $68,750,000 and (y) 31.25% of Consolidated EBITDA of the Group Parties
in any fiscal year (the “Per Fiscal Year Prepayment Trigger” and, together with the Per Transaction Prepayment Trigger,
collectively, the “Asset Sale and Casualty Event Prepayment Trigger”) (a “Relevant Transaction”),
then, except to the extent the Borrower reinvests all or a portion of such Net Cash Proceeds in accordance with Section 7.04,
the Borrower shall prepay, subject to Section 2.05(b)(viii), an aggregate principal amount of Term Loans in an amount equal to 100%
(such percentage, as it may be reduced as described below, the “Net Cash Proceeds Percentage”) of the Net Cash Proceeds
received from such Relevant Transaction in excess of the Prepayment Trigger within 15 Business Days of receipt thereof (or within 15
Business Days after the later of the date the Prepayment Trigger referred to above is first exceeded, the date the relevant Net Cash
Proceeds are received or the last day of the applicable reinvestment period in accordance with Section 7.04) by the relevant
Loan Party (provided that only the amount of Net Cash Proceeds in excess of the Prepayment Trigger, after giving effect to any reinvestment
of such Net Cash Proceeds pursuant to the reinvestment right set forth in Section 7.04, shall be subject to prepayment pursuant
to this Section 2.05(b)(ii)); provided that

 

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(X)           the
Borrower may elect to use a portion of the Net Cash Proceeds received from such Relevant Transaction to prepay or repurchase any
other Indebtedness that is secured by the Collateral, to the extent not deducted in the calculation of Net Cash Proceeds, in each case
in an amount not to exceed the product of (1) the amount of such Net Cash Proceeds and (2) a fraction, the numerator of which
is the outstanding principal amount of such other Indebtedness (or to the extent such amount is not in Dollars, such equivalent amount
of such Indebtedness converted into Dollars as determined in accordance with Section 1.08) and the denominator of which is the aggregate
outstanding principal amount of Term Loans and such other Indebtedness (or to the extent such amount is not in Dollars, such equivalent
amount of such Indebtedness converted into Dollars as determined in accordance with Article I)

 

(Y)           the
Net Cash Proceeds Percentage (A) shall be reduced to 50.0% if the Consolidated Secured Net Leverage Ratio (on a Pro Forma Basis
after giving effect to such Asset Sale or Casualty Event, as applicable, and the use of proceeds thereof (including the repayment of
any Indebtedness)) is equal to or less than 5.25 to 1.00 but greater than 4.75 to 1.00 as of the most recently ended Test Period and
(B) shall be reduced to 0.00% if the Consolidated Secured Net Leverage Ratio (on a Pro Forma Basis after giving effect to such Asset
Sale or Casualty Event, as applicable, and the use of proceeds thereof) is equal to or less than 4.75 to 1.00 as of the most recently
ended Test Period) (provided that (x) in each case, such Consolidated Secured Net Leverage Ratio shall be determined, at
the Borrower’s option, at the time of such Asset Sale or Casualty Event, at the time of entry into a definitive agreement with
respect thereto or at the time of application of the Net Cash Proceeds therefrom and (y) any prospective prepayment may, at the
Borrower’s option, be tested at any time during the Reinvestment Period, and shall apply to amounts subject to the reinvestment
rights set forth Section 7.04);

 

(iii)           Upon
the Incurrence or issuance by the Borrower or any Restricted Subsidiary of any Refinancing Notes, any Specified Refinancing Term
Loans (other than Refinancing Notes or any Specified Refinancing Term Loans which refinance all of the Initial Term Loans then outstanding
under this Agreement) or, subject to the last paragraph of this Section 2.05(b), any Indebtedness not expressly permitted to be
Incurred or issued pursuant to Section 7.01, the Borrower shall prepay an aggregate principal amount of Term Loan Tranches in an
amount equal to 100% of all Net Cash Proceeds received therefrom immediately upon receipt thereof by the Borrower or such Restricted
Subsidiary.

 

(iv)          [Reserved].

 

(v)           [Reserved].

 

(vi)          Subject
to Section 2.17, each prepayment of Term Loans pursuant to this Section 2.05(b) shall be applied to each Term Loan Tranche
on a pro rata basis (or, if agreed to in writing by the Majority Lenders of a Term Loan Tranche, in a manner that
provides for more favorable prepayment treatment of other Term Loan Tranches, so long as each other such Term Loan Tranche receives its
Pro Rata Share of any amount to be applied more favorably, except to the extent otherwise agreed by the Majority Lenders of each Term
Loan Tranche receiving less than such Pro Rata Share) (other than a prepayment of (x) Term Loans with the proceeds of Indebtedness
Incurred pursuant to Section 2.18, which shall be applied to the Term Loan Tranche being refinanced pursuant thereto or (y) Term
Loans with the proceeds of any Refinancing Notes issued to the extent permitted under Section 7.01(a), which shall be applied to
the Term Loan Tranche being refinanced pursuant thereto). Amounts to be applied to a Term Loan Tranche in connection with prepayments
made pursuant to this Section 2.05(b) shall be applied as directed by the Borrower and, in the absence of any direction,
to the remaining scheduled installments with respect to such Term Loan Tranche in direct order of maturity. Each prepayment of Term Loans
under a Facility pursuant to this Section 2.05(b) shall be applied on a pro rata basis to the then outstanding
Base Rate Loans and Eurodollar Rate Loans under such Facility; provided that the amount thereof shall be applied first to Base
Rate Loans under such Facility to the full extent thereof before application to Eurodollar Rate Loans, in each case in a manner that
minimizes the amount payable by the Borrower in respect of such prepayment pursuant to Section 3.06.

 

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(vii)         All
prepayments under this Section 2.05 shall be made together with, in the case of any such prepayment of a Eurodollar Rate Loan on
a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Rate Loan pursuant to
Section 3.06 and, to the extent applicable, any additional amounts required pursuant to Section 2.05(a)(iii). Notwithstanding
any of the other provisions of this Section 2.05(b), so long as no Event of Default shall have occurred and be continuing, if any
prepayment of Eurodollar Rate Loans is required to be made under this Section 2.05(b), prior to the last day of the Interest Period
therefor, the Borrower may, in its sole discretion, deposit the amount of any such prepayment otherwise required to be made thereunder
into a Cash Collateral account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized
(without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such
Loans in accordance with this Section 2.05(b) (it being agreed, for clarity, that interest shall continue to accrue on the
Loans so prepaid until the amount so deposited is actually applied to prepay such Loans). Upon the occurrence and during the continuance
of any Event of Default, the Administrative Agent shall also be authorized (without any further action by or notice to or from the Borrower
or any other Loan Party) to apply such amount to the prepayment of the outstanding Loans in accordance with this Section 2.05(b).

 

(viii)        Notwithstanding
any other provisions of this Section 2.05, to the extent that any or all of the Net Cash Proceeds of any Asset Sale by a Foreign
Subsidiary (a “Foreign Disposition”) or the Net Cash Proceeds of any Casualty Event with respect to a Foreign Subsidiary
(a “Foreign Casualty Event”), in each case giving rise to a prepayment event pursuant to Section 2.05(b)(ii),
or Excess Cash Flow of a Foreign Subsidiary giving rise to a prepayment event pursuant to Section 2.05(b)(i) are or is prohibited
or restricted by applicable local law, rule or regulation (including, without limitation, financial assistance and corporate benefit
restrictions, thin capitalization, capital maintenance, liquidity maintenance or similar legal principles and fiduciary and statutory
duties of any direct or officers of such Subsidiaries) from being repatriated to the Borrower or Holdings or so prepaid or such repatriation
or prepayment would present a material risk of liability for the applicable Subsidiary or its directors or officers (or gives rise to
a material risk of breach of fiduciary or statutory duties by any director or officer), an amount equal to the portion of such Net Cash
Proceeds or Excess Cash Flow so affected will not be required to be applied to repay Term Loans at the times provided in this Section 2.05.
To the extent any such amounts are required to be applied to repay Term Loans, such applications shall be net of an amount equal to the
additional taxes of Holdings, the Borrower or any Subsidiary or any direct or indirect parent of Holdings, or any Affiliate thereof and
any additional costs and expenses that would be incurred by such Persons as a result of repatriating such amounts (in each case, without
duplication of deductions from the amount being required to repay Term Loans through the taking of such costs and expenses into account
in determining Net Cash Proceeds or Excess Cash Flow, as applicable).

 

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(ix)           Notwithstanding
any other provisions of this Section 2.05, to the extent that the Borrower has determined in good faith that repatriation
of any or all of the Net Cash Proceeds of any Foreign Disposition or any Foreign Casualty Event, in each case giving rise to a prepayment
event pursuant to Section 2.05(b)(ii), or Excess Cash Flow of a Foreign Subsidiary giving rise to a prepayment event pursuant to
Section 2.05(b)(i), would have a material adverse tax cost consequence on Holdings, the Borrower or any Subsidiary or Parent Holding
Company (taking into account any foreign tax credit or benefit actually realized in connection with such repatriation), would violate
or conflict with the Organizational Documents or Contractual Obligations of any Restricted Subsidiary or would be prohibited or restricted
by Law (each, a “Payment Block”) with respect to such Net Cash Proceeds or Excess Cash Flow, the Net Cash Proceeds or Excess
Cash Flow so affected will not be required to be applied to repay Term Loans at the times provided in this Section 2.05 and the
Borrower shall not be required to monitor any such Payment Block and/or reserve cash for future prepayment after it has notified the
Administrative Agent of the existence of such Payment Block. To the extent any such amounts are required to be applied to repay Term
Loans, such applications shall be net of an amount equal to the additional taxes of Holdings, the Borrower or any Subsidiary or any direct
or indirect parent of Holdings, or any Affiliate thereof and any additional costs and expenses that would be incurred by such Persons
as a result of repatriating such amounts (in each case, without duplication of deductions from the amount being required to repay Term
Loans through the taking of such costs and expenses into account in determining Net Cash Proceeds or Excess Cash Flow, as applicable).

 

Notwithstanding anything
to the contrary, no prepayment of Term Loans shall be required or permitted pursuant to this Section 2.05(b) (other than with
the proceeds of any Refinancing Notes or any Specified Refinancing Term Loans) (i) if such prepayment is prohibited by the Term
Loan Intercreditor Agreement and/or any Market Intercreditor Agreement or (ii) prior to the First Lien Termination Date, and subject
to the Term Loan Intercreditor Agreement, except to the extent of, and not to exceed, the amount of Net Cash Proceeds or Excess Cash
Flow, as the case may be, consisting of amounts constituting Declined Amounts (as defined in the First Lien Credit Agreement), which
are required to be applied as a mandatory prepayment hereunder (to the extent otherwise required herein) in an amount equal to the amounts
constituting Declined Amounts (as defined in the First Lien Credit Agreement).

 

(c)            Term
Lender Opt-Out. With respect to any prepayment of Initial Term Loans and, unless otherwise specified in the documents therefor, other
Term Loan Tranches pursuant to Section 2.05(b)(i) or (ii), any Appropriate Lender, at its option (but solely to the extent
the Borrower elects for this clause (c) to be applicable to a given prepayment), may elect not to accept such prepayment as provided
below. The Borrower may notify the Administrative Agent of any event giving rise to a prepayment under Section 2.05(b)(i) or
(ii) at least five (5) Business Days (or such shorter period as the Administrative Agent may agree) prior to the date of such
prepayment. Each such notice shall specify the date of such prepayment and provide a reasonably detailed calculation of the amount of
such prepayment that is required to be made under Section 2.05(b)(i) or (ii) (the “Prepayment Amount”).
The Administrative Agent will promptly notify each Appropriate Lender of the contents of any such prepayment notice so received from
the Borrower, including the date on which such prepayment is to be made (the “Prepayment Date”). Any Appropriate Lender
may decline to accept all (but not less than all) of its share of any such prepayment (any such Lender, a “Declining Lender”)
by providing written notice to the Administrative Agent no later than three (3) Business Days after the date of such Appropriate
Lender’s receipt of notice from the Administrative Agent regarding such prepayment. If any Appropriate Lender does not give a notice
to the Administrative Agent on or prior to such three Business Day informing the Administrative Agent that it declines to accept the
applicable prepayment, then such Lender will be deemed to have accepted such prepayment. On any Prepayment Date, an amount equal to the
Prepayment Amount minus the portion thereof allocable to Declining Lenders, in each case for such Prepayment Date, shall be paid to the
Administrative Agent by the Borrower and applied by the Administrative Agent ratably to prepay Term Loans under the Term Loan Tranches
owing to Appropriate Lenders (other than Declining Lenders) in the manner described in Section 2.05(b)(i) and (ii), as applicable,
for such prepayment. Any amounts that would otherwise have been applied to prepay Term Loans under the Term Loan Tranches owing to Declining
Lenders shall be retained by the Borrower and may be utilized pursuant to clause (c)(viii) of the first paragraph of Section 7.05
(such amounts, “Declined Amounts”).

 

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Section 2.06     Termination
or Reduction of Commitments.

 

(a)            Optional.
The Borrower may, upon written notice by the Borrower to the Administrative Agent, terminate the unused portions of the Commitments under
any Term Loan Tranche, or from time to time permanently reduce the unused portions of the Commitments under any Term Loan Tranche; provided that
(i) any such notice shall be received by the Administrative Agent three (3) Business Days (or such shorter period as the Administrative
Agent shall agree) prior to the date of termination or reduction and (ii) any such partial reduction shall be in an aggregate amount
of $500,000 or any whole multiple of $100,000 in excess thereof. Any such notice of termination or reduction of commitments pursuant
to this Section 2.06(a) may state that it is conditioned upon the occurrence or non-occurrence of any event specified therein
(including the effectiveness of other credit facilities), in which case such notice may be revoked or delayed by the Borrower (by written
notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied or delayed.

 

(b)           Mandatory.
The Aggregate Commitments under a Term Loan Tranche shall be automatically and permanently reduced by the amount of Term Loans of such
Term Loan Tranche funded on the date of the initial Incurrence of Term Loans under such Term Loan Tranche, which in the case of the Initial
Term Commitments shall be the Closing Date.

 

(c)            Application
of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the applicable Lenders of the applicable
Facility of any termination or reduction of the Commitments under any Term Loan Tranche under this Section 2.06. Upon any reduction
of Commitments under a Facility or a Tranche thereof, the Commitment of each Lender under such Facility or Tranche thereof shall be reduced
by such Lender’s ratable share of the amount by which such Facility or Tranche thereof is reduced (other than the termination of
the Commitment of any Lender as provided in Section 3.08).

 

Section 2.07     Repayment
of Loans. The Borrower shall repay to the Administrative Agent for the ratable account of the applicable Term Lenders on the
Maturity Date for the Initial Term Loans, the aggregate principal amount of all Initial Term Loans outstanding on such date.

 

Section 2.08     Interest.

 

(a)           Subject
to the provisions of the following sentence, (i) each Eurodollar Rate Loan under a Facility shall bear interest on the outstanding
principal amount thereof for each Interest Period at a rate per annum equal to the sum of (A) the Adjusted Eurodollar Rate for such
Interest Period plus (B) the Applicable Rate for Eurodollar Rate Loans under such Facility; and (ii) each Base Rate Loan under
a Facility shall bear interest on the outstanding principal amount thereof from the applicable borrowing date or conversion date, as
the case may be, at a rate per annum equal to the sum of (A) the Base Rate plus (B) the Applicable Rate for Base Rate Loans
under such Facility. During the continuance of an Event of Default under Section 8.01(a), the Borrower shall pay interest on all
overdue Obligations hereunder, which shall include all Obligations following an acceleration pursuant to Section 8.02 (including
an automatic acceleration) at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted
by applicable Laws. Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable
upon demand.

 

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(b)           Accrued
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; provided that in the event of any repayment or prepayment of any Loan, accrued interest on the principal
amount repaid or prepaid shall be payable on the date of such repayment or prepayment. 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.

 

(c)           Interest
on each Loan shall be payable in the currency in which each Loan was made.

 

(d)           All
computations of interest hereunder shall be made in accordance with Section 2.10 of this Agreement.

 

Section 2.09           Fees.

 

(a)           [Reserved].

 

(b)           Other
Fees. The Borrower shall pay to the Lenders and the Administrative Agent such fees as shall have been separately agreed upon in writing
in the amounts and at the times so specified.

 

Section 2.10           Computation
of Interest and Fees. All computations of interest for Base Rate Loans shall be made on the basis of a year of 365 or 366 days, as
the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and
actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year).
Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for
the day on which the Loan or such portion is paid; provided that any Loan that is repaid on the same day on which it is made shall,
subject to Section 2.12(a), bear interest for one day. Each determination by the Administrative Agent of an interest rate or fee
hereunder shall be conclusive and binding for all purposes, absent manifest error.

 

Section 2.11           Evidence
of Indebtedness.

 

(a)           The
Borrowings made by each Lender shall be evidenced by one or more accounts or records maintained by such Lender and evidenced by one or
more entries in the Register maintained by the Administrative Agent, acting solely for purposes of Section 5f.103-1(c) of the
United States Treasury Regulations and Section 1.163-5(b)(1) of the proposed United States Treasury Regulations, as a non-fiduciary
agent for the Borrower, in each case in the ordinary course of business and in accordance with Section 10.07(c) hereof. Subject
to Section 10.07(c) the entries in the Register shall be conclusive absent manifest error and the accounts or records maintained
by each Lender shall be prima facie evidence absent manifest error of the amount of the Borrowings made by the Lenders to the Borrower
and the interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit the obligation of
the Borrower hereunder to pay any amount owing with respect to the Obligations. In the event of any conflict between the accounts and
records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts and
records of the Administrative Agent shall control in the absence of manifest error. Upon the written request of any Lender made through
the Administrative Agent, the Borrower shall execute and deliver to such Lender (through the Administrative Agent) a Note payable to
such Lender or its registered assigns, which shall evidence such Lender’s Loans in addition to such accounts or records and which
Note shall only be transferrable through recordation in the Register in accordance with Section 10.07(c). Each Lender may attach
schedules to its Note and endorse thereon the date, Type (if applicable), amount and maturity of its Loans and payments with respect
thereto.

 

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(b)           Entries
made in good faith by the Administrative Agent in the Register pursuant to Sections 2.11(a) and 10.07(c) shall be conclusive
absent manifest error, and entries made in good faith by each Lender in its accounts or records pursuant to Sections 2.11(a), shall be
prima facie evidence absent manifest error of the amount of principal and interest due and payable or to become due and payable from
the Borrower to, in the case of the Register, each Lender and, in the case of such accounts or records, such Lender, under this Agreement
and the other Loan Documents; provided that the failure of the Administrative Agent or such Lender to make an entry, or any finding
that an entry is incorrect, in the Register or such accounts or records shall not limit the obligations of the Borrower under this Agreement
and the other Loan Documents.

 

Section 2.12           Payments
Generally; Administrative Agent’s Clawback.

 

(a)            General.
All payments to be made by the Borrower shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff.
Except as otherwise expressly provided herein, all payments by the Borrower hereunder shall be made to the Administrative Agent, for
the account of the respective Lenders to which such payment is owed, at the Administrative Agent’s Office in Dollars and in immediately
available funds not later than 3:00 p.m. (New York City time) (or such later time as the Administrative Agent may agree) on the
date specified herein. The Administrative Agent will promptly distribute to each Lender its ratable share in respect of the relevant
Facility or Tranche thereof (or other applicable share as provided herein) of such payment in like funds as received by wire transfer
to such Lender’s Lending Office. All payments received by the Administrative Agent after 3:00 p.m. (New York City time) (or
such later time as the Administrative Agent may agree) shall 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 the Borrower shall come due on a day other than a Business Day,
payment shall be made on the next following Business Day, and such extension of time shall be reflected in calculating interest or fees,
as the case may be; provided, however, that, if such extension would cause payment of interest on or principal of Eurodollar
Rate Loans to be made in the next succeeding calendar month, such payment shall be made on the immediately preceding Business Day.

 

(b)           (i) Funding
by Lenders; Presumption by Administrative Agent. Unless the Administrative Agent shall have received notice from a Lender prior to
the proposed date of any Borrowing of Eurodollar Rate Loans (or, in the case of any Borrowing of Base Rate Loans, prior to 3:00 p.m. (New
York City time) on the date of such Borrowing) that such Lender will not make available to the Administrative Agent such Lender’s
share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in accordance
with and at the time required by Section 2.02(c) and may, in reliance upon such assumption, make available to the Borrower
a corresponding amount. In such event, if any Lender does not in fact make its share of the applicable Borrowing available to the Administrative
Agent, then such Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand an amount equal to such
applicable share in immediately available funds with interest thereon, for each day from and including the date such amount is made available
to the Borrower by the Administrative Agent to but excluding the date of payment to the Administrative Agent, at (A) in the case
of a payment to be made by such Lender, the greater of the Federal Funds Rate and a rate reasonably determined by the Administrative
Agent in accordance with banking industry rules on interbank compensation, plus any reasonable administrative, processing or similar
fees customarily charged by the Administrative Agent in connection with the foregoing and (B) in the case of a payment to be made
by the Borrower, the interest rate applicable to Base Rate Loans under the applicable Facility. If both the Borrower and such Lender
pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to
the Borrower the amount of such interest paid by the Borrower for such period. If such Lender pays its share of the applicable Borrowing
to the Administrative Agent, then the amount so paid (less interest and fees) shall constitute such Lender’s Loan included in such
Borrowing. Any payment by the Borrower shall be without prejudice to any claim the Borrower may have against a Lender that shall have
failed to make its share of any Borrowing available to the Administrative Agent.

 

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

 

A notice of the Administrative
Agent to any Lender or the Borrower with respect to any amount owing under this Section 2.12(b) shall be conclusive, absent
manifest error.

 

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

 

(d)           Obligations
of the Lenders Several. The obligations of the Lenders hereunder to make Loans and to make payments pursuant to Section 9.07
are several and not joint. The failure of any Lender to make any Loan or to fund any such participation or to make any payment under
Section 9.07 on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such
date, and no Lender shall be responsible for the failure of any other Lender to so make its Loan or, to fund its participation or to
make its payment under Section 9.07.

 

(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.

 

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

 

(g)           Unallocated
Funds. If the Administrative Agent receives funds for application to the Obligations of the Loan Parties under or in respect of the
Loan Documents under circumstances for which the Loan Documents do not specify the manner in which such funds are to be applied, the
Administrative Agent may, but shall not be obligated to, elect to distribute such funds to each of the Lenders in accordance with such
Lender’s ratable share of the sum of the Outstanding Amount of all Loans outstanding at such time.

 

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Section 2.13           Sharing
of Payments. If, other than as expressly provided elsewhere herein (including the application of funds arising from the existence
of a Defaulting Lender), any Lender shall obtain on account of the Loans made by it any payment (whether voluntary, involuntary, through
the exercise of any right of setoff, or otherwise) in excess of its ratable share (or other share contemplated hereunder) thereof, such
Lender shall immediately (a) notify the Administrative Agent of such fact and (b) purchase from the other Lenders such participations
in the Loans made by them as shall be necessary to cause such purchasing Lender to share the excess payment in respect of such Loans
or such participations, as the case may be, pro rata with each of them; provided, however, that if all or any portion
of such excess payment is thereafter recovered from the purchasing Lender under any of the circumstances described in Section 10.06
(including pursuant to any settlement entered into by the purchasing Lender in its discretion), such purchase shall to that extent be
rescinded and each other Lender shall repay to the purchasing Lender the purchase price paid therefor, together with an amount equal
to such paying Lender’s ratable share (according to the proportion of (i) the amount of such paying Lender’s required
repayment to (ii) the total amount so recovered from the purchasing Lender) of any interest or other amount paid or payable by the
purchasing Lender in respect of the total amount so recovered, without further interest thereon. The Borrower agrees that any Lender
so purchasing a participation from another Lender may, to the fullest extent permitted by Law, exercise all its rights of payment (including
the right of setoff, but subject to Section 10.09) with respect to such participation as fully as if such Lender were the direct
creditor of the Borrower in the amount of such participation. The Administrative Agent will keep records (which shall be conclusive and
binding in the absence of manifest error) of participations purchased under this Section 2.13 and will in each case notify the Lenders
following any such purchases or repayments. Each Lender that purchases a participation pursuant to this Section 2.13 shall from
and after such purchase have the right to give all notices, requests, demands, directions and other communications under this Agreement
with respect to the portion of the Obligations purchased to the same extent as though the purchasing Lender were the original owner of
the Obligations purchased. For the avoidance of doubt, the provisions of this Section shall not be construed to apply to (A) the
application of Cash Collateral provided for in Section 2.16, (B) the assignments and participations (including by means of
a Dutch Auction and open market debt repurchases) described in Section 10.07, (C) (i) the Incurrence of any New Term Loans
in accordance with Section 2.14 or (ii) any Specified Refinancing Debt in accordance with Section 2.18, (D) any loan
modification offer described in Section 10.01, or (E) any applicable circumstances contemplated by Sections 2.05(b), 2.14,
2.17 or 3.08.

 

Section 2.14           Incremental
Facilities.

 

(a)           The
Borrower or any Guarantor may, from time to time after the Closing Date, upon notice by the Borrower to the Person appointed by the Borrower
to arrange an incremental Facility (such Person, the “Incremental Arranger”) specifying the proposed amount thereof
and the proposed currency denomination thereof, request (i) an increase in any Term Loan Tranche then outstanding (each, a “Term
Commitment Increase”), and/or (ii) the addition of one or more new term loan facilities, in each case, in such currency
or currencies as the Borrower identifies in such notice (each, a “New Term Facility”; and any advance made by a Lender
thereunder, a “New Term Loan”; and the commitments thereof, the “New Term Commitment”, and, together
with the Term Commitment Increase, the “New Loan Commitments”) by (or in) a principal amount not to exceed the sum
of (such sum, at any such time, the “Available Incremental Amount”):

 

(x)            the
sum of (the amount available under this clause (x), the “Cash-Capped Incremental Facility”) (I) the greater of
(A) $206,000,000 and (B) 100% of Consolidated EBITDA of the Group Parties (and after giving effect to any acquisition consummated
concurrently therewith on a Pro Forma Basis and all other appropriate pro forma adjustment events consistent with the definition of “Consolidated
EBITDA” and Section 1.10), plus (II) the General Debt Basket Reallocated Amount, minus (III) the aggregate amount
of all Indebtedness incurred under the “Cash-Capped Incremental Facility” and any “Incremental Equivalent Cash Component
Debt” (each as defined in the First Lien Credit Agreement) under the First Lien Credit Agreement, minus (IV) Incremental Equivalent
Cash Component Debt, plus

 

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(y)           an
unlimited amount (the “Ratio-Based Incremental Facility”) so long as the Maximum Leverage Requirement is satisfied
and

 

(z)            an
amount equal to all voluntary prepayments, redemptions and repurchases and payments (including prepayments at a discount to par and open
market purchases, with credit given for the actual amount of the cash payment, giving credit to the principal amount of the Indebtedness
repurchased and all prepayments and permanent commitment reductions (including pursuant to Section 3.08 or any substantially similar
provisions in the documentation governing any applicable Indebtedness)) made by the Borrower or any of its Restricted Subsidiaries
in respect of (I) Initial Term Loans, (II) New Term Loans, (III) Refinanced Second Lien Indebtedness (to the extent previously
applied for the prepayment, redemption, repurchase, buyback or permanent commitment reduction, as applicable, of any Indebtedness specified
in clauses (I) and (II) above and clause (VI) below, (IV) the “Loans” as defined in the ABL Credit Agreement
as in effect on the Closing Date, (V) “New Term Loans”, “New Incremental Notes”, “New Revolving Loans”
or “Incremental Equivalent Debt” (each as defined in the First Lien Credit Agreement) or other Permitted First Lien Debt,
(VI) other Indebtedness that is secured by the Collateral on a pari passu or senior basis with Liens securing the Obligations
and (VII) any refinancing, replacement or extension of any of the foregoing (in each case of prepayments of a revolving facility
or “Loans” as defined in the ABL Credit Agreement as in effect on the Closing Date, to the extent accompanied by a corresponding
permanent commitment reduction), to the extent, in each case, not funded with the proceeds of long term Indebtedness (other than any
(I) revolving indebtedness and intercompany loans or (II) without duplication, any (A) New Term Loans, New Incremental
Notes or Incremental Equivalent Debt incurred in reliance on the Prepayment-Based Incremental Facility and (B) “New Term Loans”,
 “New Incremental Notes” or “Incremental Equivalent Debt” incurred in reliance on the “Prepayment-Based
Incremental Facility” (each as defined in the First Lien Credit Agreement)) (the “Prepayment-Based Incremental Facility”);

 

provided
that any such request for a New Loan Commitment shall be in a minimum amount of the lesser of (x) $5,000,000 and (y) the
entire amount of any New Loan Commitment that may be requested under this Section 2.14; provided further that for purposes
of any New Loan Commitments established pursuant to this Section 2.14 and New Incremental Notes issued pursuant to Section 2.15
or for determining the amount of Incremental Equivalent Debt permitted to be Incurred under the first paragraph of Section 7.01,
(A) unless otherwise elected by the Borrower, the Borrower shall be deemed to have used amounts under the Ratio-Based Incremental
Facility (to the extent permitted thereby) prior to utilization of the Cash-Capped Incremental Facility and the Prepayment-Based Incremental
Facility, and the Borrower shall be deemed to have used the Prepayment-Based Incremental Facility, if any, prior to utilization of the
Cash-Capped Incremental Facility and (B) for the avoidance of doubt, New Loan Commitments pursuant to this Section 2.14 and
New Incremental Notes pursuant to Section 2.15 and Incremental Equivalent Debt pursuant to the first paragraph of Section 7.01
may be Incurred under the Cash-Capped Incremental Facility, the Ratio-Based Incremental Facility and the Prepayment-Based Incremental
Facility, and proceeds from any such Incurrence under the Cash-Capped Incremental Facility, the Ratio-Based Incremental Facility and
the Prepayment-Based Incremental Facility may be utilized in a single transaction by first calculating the Incurrence under the Ratio-Based
Incremental Facility (without inclusion of any amounts utilized pursuant to the Cash-Capped Incremental Facility or the Prepayment-Based
Incremental Facility) and then calculating the Incurrence under the Prepayment-Based Incremental Facility (without inclusion of any amounts
utilized pursuant to the Cash-Capped Incremental Facility) and then calculating the Incurrence under the Cash-Capped Incremental Facility.
The Borrower may designate any Incremental Arranger of any New Loan Commitments with such titles under the New Loan Commitments as the
Borrower may deem appropriate.

 

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In the case of any New Loan Commitment
or Incremental Equivalent Debt established in the form of a delayed draw term loan commitment (each, an “Incremental Delayed Draw
Term Loan Commitment”), at the election of the Borrower in its sole discretion, for purposes of determining capacity under, and
compliance with the Available Incremental Amount (including for purposes of incurring or establishing such Incremental Delayed Draw Term
Loan Commitment (and any associated loan when such Incremental Delayed Draw Term Loan Commitment is funded)), either (A) the applicable
New Loan Commitment or Incremental Equivalent Debt shall be deemed to be fully drawn at the time such Incremental Delayed Draw Term Loan
Commitment becomes effective (for the avoidance of doubt, in the case of this clause (A), the actual drawing of such Incremental Delayed
Draw Term Loan Commitment shall not be deemed to be an additional incurrence of Indebtedness for purposes of determining the Available
Incremental Amount) or (B) such New Loan Commitment or Incremental Equivalent Debt (and any associated loan when such Incremental
Delayed Draw Term Loan Commitment is funded) shall be incurred as and when the applicable Indebtedness under such Incremental Delayed
Draw Term Loan Commitment is funded in accordance with the terms of such Incremental Delayed Draw Term Loan Commitment (for the avoidance
of doubt, in the case of this clause (B), such New Loan Commitment or Incremental Equivalent Debt in the form of an Incremental Delayed
Draw Term Loan Commitment shall be deemed not to be drawn for all purposes under the Loan Documents until such Incremental Delayed Draw
Term Loan Commitment is funded) (this sentence, the “Incremental Delayed Draw Term Loan Commitment Incurrence Election Provision”).

 

(b)           The
Borrower may elect whether to approach any existing Lenders to provide New Loan Commitments; provided that any Lender approached
to participate in any New Loan Commitments may elect or decline, in its sole discretion, to participate in such increase or new facility.
The Borrower may also invite additional Eligible Assignees to become Lenders pursuant to a joinder agreement to this Agreement. Neither
the Administrative Agent nor the Collateral Agent (in their respective capacities as such) shall be required to execute, accept or acknowledge
any joinder agreement pursuant to this Section 2.14 and such execution shall not be required for any such joinder agreement to be
effective; provided that, with respect to any New Loan Commitments, the Borrower must provide to the Administrative Agent the
documentation providing for such New Loan Commitments.

 

(c)           If
(i) a Term Loan Tranche is increased in accordance with this Section 2.14 or (ii) a New Term Facility is added in accordance
with this Section 2.14, the Incremental Arranger and the Borrower shall determine the effective date (the “Increase Effective
Date”) and the final allocation of such increase or New Term Facility among the applicable Lenders. The Incremental Arranger
shall promptly notify the applicable Lenders of the final allocation of such increase, New Term Facility on the Increase Effective Date.
In connection with (i) any increase in a Term Loan Tranche or (ii) any addition of a New Term Facility, in each case, pursuant
to this Section 2.14, this Agreement and the other Loan Documents may be amended in a writing (which may be executed and delivered
by the Borrower and the Incremental Arranger (and the Lenders hereby authorize any such Incremental Arranger to execute and deliver any
such documentation)) in order to establish the New Term Facility or to effectuate the increases to the Term Loan Tranche and to reflect
any technical changes necessary or appropriate to give effect to such increase or new facility in accordance with its terms as set forth
herein. In connection with any Term Commitment Increase, the Borrower and the lenders providing such New Term Commitments may extend
or renew the call protection applicable to such existing Term Loan Tranche without the consent of any existing Lenders under such existing
Term Loan Tranche.

 

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(d)           With
respect to any New Loan Commitments pursuant to this Section 2.14, (i) subject to Section 1.02(i), if so required by the
Incremental Arranger, no Specified Event of Default shall have occurred and be continuing; (ii) except in the case of Extendable
Bridge Loans or Permitted Earlier Maturity Debt, the applicable New Term Facility, or the Term Loans, New Term Loans or Specified Refinancing
Term Loans that are the subject of a Term Commitment Increase shall have a final maturity no earlier than the Latest Maturity Date of
the Initial Term Loan Facility and shall have Weighted Average Life to Maturity no shorter than that of the Initial Term Loan Facility;
(iii) except as set forth in clause (ii) above with respect to final maturity and Weighted Average Life to Maturity, and in
clause (f)(ii) below regarding the sharing of payments, the currency, pricing, interest rate margins, discounts, premiums, rate
floors, fees and the maturity and prepayment terms applicable to any New Term Facility shall be determined by the Borrower and the Lenders
providing the New Term Facility; and (iv) to the extent reasonably requested by the Incremental Arranger, the Incremental Arranger
shall have received legal opinions, resolutions, officer’s certificates and/or reaffirmation agreements in connection with such
New Loan Commitments. Subject to the foregoing, the conditions precedent to each such increase or New Loan Commitment shall be agreed
to by the Lenders providing such increase or New Loan Commitment, as applicable, and the Borrower.

 

(e)           The
additional Term Loans made under the Term Loan Tranche subject to the increases shall be made by the applicable Lenders participating
therein pursuant to the procedures set forth in Sections 2.01 and 2.02 and on the date of the making of such new Term Loans, and
notwithstanding anything to the contrary set forth in Sections 2.01 and 2.02, such new Loans shall be added to (and form part of)
each Borrowing of outstanding Term Loans under such Term Loan Tranche on a pro rata basis (based on the relative sizes of the
various outstanding Borrowings), so that each Lender under such Term Loan Tranche will participate proportionately in each then outstanding
Borrowing of Term Loans under the Term Loan Tranche. The Administrative Agent shall, at the request of the Borrower, and is hereby authorized
to, make such arrangements as necessary to include any Term Loans within any existing Interest Periods applicable to Term Loans of such
Term Loan Tranche.

 

(f)            (i) Any
New Term Facility shall not be Guaranteed by any Subsidiary of the Borrower that is not a Guarantor under the Initial Term Loan Facility,
shall be unsecured, secured either on a pari passu basis with the Initial Term Loan Facility or on a “junior” basis
with the Initial Term Loan Facility, and, to the extent secured, shall not be secured by assets of Loan Parties and their Subsidiaries
that does not constitute Collateral (and in each case, to the extent secured, or subordinated in right of payment or security, such New
Term Facility shall be subject to a Market Intercreditor Agreement), (ii) any New Term Facility may share (x) on a greater
than pro rata basis, pro rata basis or less than pro rata basis with voluntary prepayments or repayments in respect of the existing Term
Loans and (y) on a pro rata basis or less than pro rata basis (but not greater than pro rata basis (other
than in the case of prepayment with Refinancing Indebtedness)) with mandatory prepayments or repayments in respect of the existing Term
Loans and (iii) the All-in Yield payable by the Borrower applicable to such New Term Facility shall be determined by the Borrower
and the Lenders providing such New Term Facility; provided that with respect to any New Term Facility denominated in Dollars (x) that
is secured by all or any portion of the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (y) has
a final maturity date that is on or prior to the date that is one year after the Maturity Date of the Initial Term Loans and (z) is
in the form of a term loan “B”, the All-in Yield payable by the Borrower applicable to such New Term Facility shall not be
more than 75 basis points higher (determined on the initial funding date) than the corresponding All-in Yield payable by the Borrower
for the Initial Term Loans, unless the Applicable Rate (or the Adjusted Eurodollar Rate floor) with respect to the Initial Term Loans
is increased to the amount necessary so that the difference between the All-in Yield with respect to such New Term Facility and the corresponding
All-in Yield with respect to the Initial Term Loans is equal to 75 basis points (the “MFN Adjustment”); provided,
that any change in the All-in Yield of the Initial Term Loans is necessitated by the MFN Adjustment on the basis of an effective interest
rate floor in respect of the New Term Facility, the increased All-in Yield in the Initial Term Loans shall (unless otherwise agreed in
writing by the Borrower) have such increase in the All-in Yield effected solely by increases in the interest rate floor(s) applicable
to the Initial Term Loans, but only to the extent an increase in the interest rate floor in the Initial Term Loans would cause an increase
in the Adjusted Eurodollar Rate then in effect for such Initial Term Loans.

 

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(g)           If
the Incremental Arranger is not the Administrative Agent, the actions authorized to be taken by the Incremental Arranger herein shall
be done in consultation with the Administrative Agent.

 

(h)           To
the extent any New Term Facility shall be denominated in a currency other than Dollars, this Agreement and the other Loan Documents shall
be amended to the extent necessary or appropriate to provide for the administrative and operational provisions applicable to such currency,
in each case as are reasonably satisfactory to the Administrative Agent.

 

(i)           This
Section 2.14 shall supersede any provisions in Section 2.12, 2.13 or 10.01 to the contrary. For the avoidance of doubt, any
of the provisions of this Section 2.14 may be amended with the consent of the Required Lenders.

 

Section 2.15           New
Incremental Notes.

 

(a)           The
Borrower or any Guarantor may from time to time after the Closing Date, upon notice by the Borrower to the Administrative Agent, specifying
in reasonable detail the proposed terms thereof, request to issue one or more series of senior secured, senior unsecured, senior subordinated
or subordinated notes or, in each case, bridge loans in lieu thereof (such notes and/or bridge loans, collectively, “New Incremental
Notes”) in an amount not to exceed the Available Incremental Amount (at the time of issuance).

 

(b)           As
a condition precedent to the issuance of any New Incremental Notes pursuant to this Section 2.15, (i) such New Incremental
Notes shall not be Guaranteed by any Subsidiary of the Borrower that is not a Loan Party or that does not become a Loan Party and shall
not be secured by a lien on any assets of a Loan Party that is not part of the Collateral, (ii) to the extent secured by the Collateral,
such New Incremental Notes shall be subject to a Market Intercreditor Agreement, (iii) except with respect to Permitted Earlier
Maturity Debt and Extendable Bridge Loans, such New Incremental Notes shall have a final maturity no earlier than the Latest Maturity
Date of the Initial Term Loan Facility, (iv) except with respect to Permitted Earlier Maturity Debt and Extendable Bridge Loans,
the Weighted Average Life to Maturity of such New Incremental Notes shall not be shorter than that of the Initial Term Loan Facility.

 

(c)           The
Lenders hereby authorize the Administrative Agent (and the Lenders hereby authorize the Administrative Agent to execute and deliver such
amendments) to enter into amendments to this Agreement and the other Loan Documents with the Borrower as may be necessary in order to
secure any New Incremental Notes with the Collateral and/or to make such technical amendments as may be necessary or appropriate in the
reasonable opinion of the Administrative Agent and the Borrower in connection with the issuance of such New Incremental Notes, in each
case on terms consistent with this Section 2.15.

 

Section 2.16           Cash
Collateral.

 

(a)           All
Cash Collateral (other than credit support not constituting funds subject to deposit) shall, unless otherwise agreed by the Administrative
Agent, be maintained in blocked, interest bearing deposit accounts at the Administrative Agent or the Collateral Agent (or other financial
institution selected by any of them). The Borrower and to the extent provided by any Lender, such Lender, hereby grant to (and subjects
to the control of) the Administrative Agent and the Collateral Agent, for the benefit of the Administrative Agent 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(b). If at any time the Administrative Agent determines that Cash Collateral is
subject to any right or claim of any Person other than the Administrative Agent as herein provided, the Borrower and the relevant Defaulting
Lender 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.

 

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(b)           Notwithstanding
anything to the contrary contained in this Agreement, Cash Collateral provided under any of this Section 2.16 or Sections 2.06 or
2.17 shall be held and applied to the satisfaction of obligations for which the Cash Collateral was so provided prior to any other application
of such property as may be provided for herein.

 

Section 2.17           Defaulting
Lenders.

 

(a)           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)            That
Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted
as set forth in Section 10.01.

 

(ii)           Any
payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of that Defaulting Lender
(whether voluntary or mandatory, at maturity, pursuant to Article VIII or otherwise, and including any amounts made available to
the Administrative Agent by that Defaulting Lender pursuant to Section 10.09), shall be applied at such time or times as may be
determined by the Administrative Agent as follows: first, to the payment of any amounts owing by that Defaulting Lender to the
Administrative Agent hereunder; second, 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 that Defaulting Lender has failed to fund its portion thereof as required by this Agreement,
as determined by the Administrative Agent; third, if so determined by the Administrative Agent and the Borrower, to be held in
a deposit account and released in order to satisfy obligations of that Defaulting Lender to fund Loans under this Agreement; fourth,
so long as no Default or Event of Default pursuant to Sections 8.01(a), (f) or (g) exists, to the payment of any amounts owing
to the Borrower as a result of any non-appealable judgment of a court of competent jurisdiction obtained by the Borrower against that
Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; and fifth, to
that 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 in respect of which that Defaulting Lender has not fully funded its appropriate share
and (y) such Loans were made at a time when the applicable conditions set forth in Article IV were satisfied or waived, such
payment shall be applied solely to pay the Loans of all non-Defaulting Lenders on a pro rata basis prior to being applied to the
payment of any Loans of that Defaulting Lender. Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that
are applied (or held) to pay amounts owed by a Defaulting Lender pursuant to this Section 2.17(a)(ii) shall be deemed paid
to and redirected by that Defaulting Lender, and each Lender irrevocably consents hereto.

 

(iii)          That
Defaulting Lender shall not be entitled to receive any commitment fee for any period during which that Lender is a Defaulting Lender
(and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting
Lender).

 

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(b)           If
the Borrower and the Administrative Agent 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 reasonably determine to be necessary to cause the Loans to be held on a pro rata basis by the Lenders
in accordance with their ratable shares in respect of that Lender, whereupon that 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; provided further, that except to the extent otherwise expressly agreed in writing 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 having been a Defaulting Lender.

 

Section 2.18          Specified
Refinancing Debt.

 

(a)           The
Borrower may, from time to time after the Closing Date, add one or more new term loan facilities to the Facilities (“Specified
Refinancing Debt”; and the commitments in respect of such new term facilities, the “Specified Refinancing Term Commitment”)
pursuant to procedures agreed between the Borrower and the agent under such Specified Refinancing Debt (such Person, the “Specified
Refinancing Agent”) refinance all or any portion of any Term Loan Tranches then outstanding under this Agreement pursuant to
a Refinancing Amendment; provided that such Specified Refinancing Debt: (i) will rank pari passu in right of payment
with the other Loans and Commitments hereunder; (ii) will not be Incurred or Guaranteed by any Subsidiary of the Borrower that is
not the Borrower or a Guarantor under the Initial Term Loan Facility; (iii) if secured, shall not be secured by assets of Loan Parties
and their Restricted Subsidiaries that does not constitute Collateral and shall be subject to a Market Intercreditor Agreement; (iv) will
have such pricing and optional prepayment terms as may be agreed by the Borrower and the applicable Lenders thereof; (v) except
with respect to Permitted Earlier Maturity Debt and Extendable Bridge Loans, will have a maturity date that is not prior to the date
that is the scheduled Maturity Date of, and will have a Weighted Average Life to Maturity that is not shorter than the Weighted Average
Life to Maturity of, the Term Loans being refinanced; (vi) any Specified Refinancing Term Loans may share (x) on a greater
than pro rata basis, pro rata basis or less than pro rata basis with voluntary prepayments or repayments in respect of the then outstanding
Term Loan Tranches and (y) on a pro rata basis or less than pro rata basis (but not greater than pro rata basis (except with respect
to any prepayments made with Refinancing Indebtedness) with mandatory prepayments or repayments in respect of the then outstanding Term
Loan Tranches; (vii) shall not have a principal or commitment amount greater than the Loans being refinanced (plus any Incremental
Amounts Incurred in connection therewith); and (viii) the Net Cash Proceeds of such Specified Refinancing Debt shall be applied,
substantially concurrently with the Incurrence thereof, to the prepayment of outstanding Loans being so refinanced, in each case pursuant
to Sections 2.05 and 2.06, as applicable, and the payment of fees, expenses and premiums, if any, payable in connection therewith. The
Borrower may elect whether to approach any existing Lenders to provide such Specified Refinancing Debt; provided that any Lender
approached to provide all or a portion of any Specified Refinancing Debt may elect or decline, in its sole discretion, to provide such
Specified Refinancing Debt. The Borrower may also invite additional Eligible Assignees to become Lenders in respect of such Specified
Refinancing Debt pursuant to a joinder agreement to this Agreement in form and substance reasonably satisfactory to the Specified Refinancing
Agent.

 

(b)           The
effectiveness of any Refinancing Amendment shall be subject to conditions as are mutually agreed with the participating Lenders providing
such Specified Refinancing Debt and to the extent reasonably requested by the Specified Refinancing Agent, receipt by the Specified Refinancing
Agent of legal opinions, board resolutions, officer’s certificates and/or reaffirmation agreements with respect to the Borrower
and the Guarantors. The Lenders hereby authorize the Specified Refinancing Agent to enter into amendments to this Agreement and the other
Loan Documents with the Borrower as may be necessary in order to establish new Tranches of Specified Refinancing Debt and to make such
technical amendments as may be necessary or appropriate in the reasonable opinion of the Administrative Agent and the Borrower in connection
with the establishment of such new Tranches, in each case on terms consistent with and/or to effect the provisions of this Section 2.18.

 

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(c)           Each
class of Specified Refinancing Debt Incurred under this Section 2.18 shall be in an aggregate principal amount that is not less
than the lesser of (I) $5,000,000 and (II) the entire amount that may be requested under this Section 2.18.

 

(d)           The
Specified Refinancing Agent shall promptly notify each Lender as to the effectiveness of each Refinancing Amendment. Each of the parties
hereto hereby agrees that, upon the effectiveness of any Refinancing Amendment, this Agreement shall be deemed amended to the extent
(but only to the extent) necessary to reflect the existence and terms of the Specified Refinancing Debt Incurred pursuant thereto (including
the addition of such Specified Refinancing Debt as separate “Facilities” hereunder and treated in a manner consistent with
the Facilities being refinanced, including for purposes of prepayments and voting). Any Refinancing Amendment may, without the consent
of any Person other than the Borrower, the Specified Refinancing Agent and the Lenders providing such Specified Refinancing Debt, effect
such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Specified
Refinancing Agent and the Borrower, to effect the provisions of or consistent with this Section 2.18. If the Specified Refinancing
Agent is not the Administrative Agent, the actions authorized to be taken by the Specified Refinancing Agent herein shall be done in
consultation with the Administrative Agent.

 

Section 2.19           Permitted
Debt Exchanges.

 

(a)           Notwithstanding
anything to the contrary contained in this Agreement, pursuant to one or more offers (each, a “Permitted Debt Exchange Offer”)
made from time to time by the Borrower, the Borrower may from time to time following the Closing Date consummate one or more exchanges
of Term Loans for Permitted Debt Exchange Notes (each such exchange a “Permitted Debt Exchange”), so long as the following
conditions are satisfied: (i) the aggregate principal amount of Permitted Debt Exchange Notes issued in exchange for such Term Loans
pursuant to a Permitted Debt Exchange shall not exceed the aggregate principal amount (calculated on the face amount thereof) of Term
Loans exchanged for such Permitted Debt Exchange Notes; provided that the aggregate principal amount of the Permitted Debt Exchange
Notes may include Incremental Amounts Incurred in connection with the exchange of such Term Loans and the issuance of such Permitted
Debt Exchange Notes, (ii) the aggregate principal amount of all Term Loans exchanged by the Borrower pursuant to any Permitted Debt
Exchange shall automatically be cancelled and retired by the Borrower on the date of the settlement thereof (and, if requested by the
Administrative Agent, any applicable exchanging Lender shall execute and deliver to the Administrative Agent an Assignment and Assumption,
or such other form as may be reasonably requested by the Administrative Agent, in respect thereof pursuant to which the respective Lender
assigns its interest in the Term Loans being exchanged pursuant to the Permitted Debt Exchange to the Borrower for immediate cancellation),
(iii) if the aggregate principal amount of all Term Loans tendered by Lenders in respect of the relevant Permitted Debt Exchange
Offer shall exceed the maximum aggregate principal amount of such Term Loans offered to be exchanged by the Borrower pursuant to such
Permitted Debt Exchange Offer, then the Borrower shall exchange Term Loans subject to such Permitted Debt Exchange Offer tendered by
such Lenders ratably up to such maximum amount based on the respective principal amounts so tendered and (iv) any applicable Minimum
Tender Condition (as defined below) shall be satisfied.

 

(b)           With
respect to all Permitted Debt Exchanges effected by the Borrower pursuant to this Section 2.19, (i) such Permitted Debt Exchanges
(and the cancellation of the exchanged Term Loans in connection therewith) shall not constitute voluntary or mandatory payments or prepayments
for purposes of Section 2.05(a) or (b), and (ii) such Permitted Debt Exchange Offer shall be made for not less than $5,000,000
in aggregate principal amount of Term Loans; provided that subject to the foregoing clause (ii) the Borrower may at its election
specify as a condition (a “Minimum Tender Condition”) to consummating any such Permitted Debt Exchange that a minimum
amount (to be determined and specified in the relevant Permitted Debt Exchange Offer in the Borrower’s discretion) of Term Loans
of any or all applicable classes be tendered.

 

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(c)           In
connection with each Permitted Debt Exchange, the Borrower and the Exchange Agent shall mutually agree to such procedures as may be necessary
or advisable to accomplish the purposes of this Section 2.19 and without conflict with Section 2.19(d); provided that
the terms of any Permitted Debt Exchange Offer shall provide that the date by which the relevant Lenders are required to indicate their
election to participate in such Permitted Debt Exchange.

 

(d)           The
Borrower shall be responsible for compliance with all applicable securities and other laws and regulations in connection with each Permitted
Debt Exchange, it being understood and agreed that (x) none of the Exchange Agent, the Administrative Agent nor any Lender assumes
any responsibility in connection with the Borrower’s compliance with such laws and regulations in connection with any Permitted
Debt Exchange and (y) each Lender shall be solely responsible for its compliance with any applicable “insider trading”
laws and regulations to which such Lender may be subject under the Securities Exchange Act of 1934, as amended, and/or other applicable
securities laws and regulations.

 

(e)           If
the Exchange Agent is not the Administrative Agent, the actions authorized to be taken by the Exchange Agent herein shall be done in
consultation with the Administrative Agent.

 

ARTICLE III.

Taxes, Increased Costs Protection and Illegality

 

Section 3.01           Taxes.

 

(a)           All
payments by or on account of any obligation of the Borrower or any other Loan Party hereunder or under any other 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 or in respect of
any such payment, 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, the sum payable by the Borrower or other applicable Loan Party shall be increased as necessary so that after all such
deductions or withholdings for Indemnified Taxes have been made (including any deductions and withholdings for Indemnified Taxes applicable
to additional sums payable under this Section 3.01) the applicable Lender (or, in the case of payments made to the Administrative
Agent for its own account, the Administrative Agent) receives an amount equal to the sum it would have received had no such deduction
or withholding been made.

 

(b)           Without
duplication of any other amounts payable by the Loan Parties under this Section 3.01, the Loan Parties 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)           The
Loan Parties shall jointly and severally indemnify each Recipient, within 30 days after written 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 in respect of a payment to such Recipient (without duplication
of any sums already paid under Section 3.01(a)) and any reasonable out-of-pocket expenses arising therefrom or with respect thereto,
whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate
as to the amount of such payment or liability (together with a reasonable explanation thereof) 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.

 

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(d)           Within
30 days after any payment of Taxes by any Loan Party to a Governmental Authority pursuant to this Section 3.01, such Loan Party
shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing
such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative
Agent.

 

(e)           If
any Recipient determines, in its sole discretion exercised in good faith, that it has received a refund of any Indemnified Taxes (whether
received in cash or applied as a payment against any cash taxes otherwise due) as to which it has been indemnified pursuant to this Section 3.01
(including by the 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 under this Section 3.01 with respect to the Indemnified
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 promptly repay to such indemnified party the amount paid over pursuant to this clause (e) (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 (e), in no event
will the indemnified party be required to pay any amount to an indemnifying party pursuant to this clause (e) 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 clause (e) 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.

 

(f)            [Reserved].

 

(g)           (i) Any
Lender that is entitled to an exemption from or reduction of withholding Tax with respect to any 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.

 

(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) two executed original copies of IRS Form W-9 (or any successor form) certifying that such Lender is exempt from U.S. federal
backup withholding;

 

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(B)           any
Foreign Lender shall deliver to the Borrower and the Administrative Agent 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),
two of whichever of the following is applicable:

 

(a)            in
the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is a party, executed original copies
of IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable (or any successor form) establishing an exemption from, or reduction
of, U.S. federal withholding Tax;

 

(b)           executed
original copies of IRS Form W-8ECI (or any successor form);

 

(c)           in
the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 871(h) or Section 881(c) of
the Code, (x) a certificate substantially in the form of Exhibit I-1 to the effect that such Foreign Lender is not a “bank”
within the meaning of Section 881(c)(3)(A) of the Code or a “10 percent shareholder” of the Borrower within the
meaning of Section 881(c)(3)(B) of the Code, a “controlled foreign corporation” described in Section 881(c)(3)(C) of
the Code and that no payments under with any Loan Document are effectively connected with such Lender’s conduct of a U.S. trade
or business (a “U.S. Tax Compliance Certificate”) and (y) executed original copies of IRS Form W-8BEN or
IRS Form W-8BEN-E, as applicable (or any successor form); or

 

(d)           to
the extent a Foreign Lender is not the beneficial owner (e.g., where the Foreign Lender is a partnership or a participating Lender),
executed original copies of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN, IRS Form W-8BEN-E,
a certificate substantially in the form of Exhibit I-2 or Exhibit I-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 not a participating Lender)
and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender
shall provide a certificate substantially in the form of Exhibit I-4 on behalf of such direct and indirect partner(s);

 

(C)           any
Foreign Lender shall deliver to the Borrower or the Administrative Agent, two executed copies 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)          each
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 to determine whether such Lender has complied
with such Lender’s obligations under FATCA and, if necessary, 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;

 

(iii)           The
Administrative Agent, and any successor or supplemental Administrative Agent, shall deliver to the Borrower (in such number of
copies as shall be requested by the recipient) on or prior to the date on which the Administrative Agent becomes the administrative agent
hereunder or under any other Loan Document (and from time to time thereafter upon the reasonable request of the Borrower) executed copies
of either (i) IRS Form W-9 (or any successor form) or (ii) a U.S. branch withholding certificate on IRS Form W-8IMY
(or any successor form) evidencing its agreement with the Borrower to be treated as a U.S. person for purposes of withholding under Chapter
3 of the Code (with respect to amounts received on account of any Lender) and IRS Form W-8ECI (with respect to amounts received
on its own account).

 

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(iv)           Each
Recipient agrees that if any documentation it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall
promptly update and deliver such documentation to the Borrower and the Administrative Agent or promptly notify the Borrower and
the Administrative Agent in writing of its legal ineligibility to do so.

 

(v)           Notwithstanding
any other provision of this Section 3.01(g), a Recipient shall not be required to deliver any documentation that such Recipient
is not legally eligible to deliver.

 

(vi)          Each
Lender hereby authorizes the Administrative Agent to deliver to the Loan Parties and to any successor Administrative Agent any documentation
provided by such Lender to the Administrative Agent pursuant to Section 3.01(g).

 

(h)           The
agreements in this Section 3.01 shall survive the resignation and/or replacement of the Administrative Agent, any assignment of
rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all other
Obligations.

 

(i)            For
the avoidance of doubt, the term “applicable law” includes FATCA.

 

Section 3.02           [Reserved].

 

Section 3.03           Illegality.
If any Lender reasonably 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 Loans whose interest is determined by reference to the Eurodollar
Rate, or to determine or charge interest rates based upon the Adjusted Eurodollar Rate, or any Governmental Authority has imposed material
restrictions on the authority of such Lender to purchase or sell, or to take deposits of, Dollars in the applicable interbank market,
then, on notice thereof by such Lender to the Borrower through the Administrative Agent, (i) any obligation of such Lender to make
or continue Eurodollar Rate Loans or to convert Base Rate Loans to Eurodollar Rate Loans shall be suspended and (ii) if such notice
asserts the illegality of such Lender making or maintaining Base Rate Loans, the interest rate on which is determined by reference to
the Adjusted Eurodollar Rate component of the Base Rate, the interest rate on which Base Rate Loans of such Lender, shall, if necessary
to avoid such illegality, be determined by the Administrative Agent without reference to the Eurodollar Rate component of the Base Rate,
in each case until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to such determination
no longer exist. Upon receipt of such notice, the Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent),
prepay or, if applicable, convert all of such Lender’s Eurodollar Rate Loans 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 Adjusted Eurodollar Rate component of the Base Rate), in each case, either on the last day of the Interest Period therefor, if such
Lender may lawfully continue to maintain such Eurodollar Rate Loans to such day, or promptly after such demand, if such Lender may not
lawfully continue to maintain such Eurodollar Rate Loans. Upon any such prepayment or conversion, the Borrower shall also pay accrued
interest on the amount so prepaid or converted and all amounts due, if any, in connection with such prepayment or conversion under Section 3.06.
Each Lender agrees to designate a different Lending Office if such designation will avoid the need for such notice and will not, in the
good faith judgment of such Lender, otherwise be materially disadvantageous to such Lender.

 

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Section 3.04           Inability
to Determine Rates. Other than with respect to a Benchmark Transition Event or an Early Opt-in Election, if the Administrative Agent
reasonably determines that for any reason, 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 is informed by the Required Lenders that the Eurodollar Rate for
any requested Interest Period with respect to a proposed Eurodollar Rate Loan does not adequately and fairly reflect the cost to such
Lenders of funding such Loan, or that deposits are not being offered to banks in the relevant interbank market for the applicable amount
and the Interest Period of such Eurodollar Rate Loan, the Administrative Agent will promptly so notify the Borrower and each Lender.
Thereafter, (x) the obligation of the Lenders to make or maintain Eurodollar Rate Loans shall be suspended 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 (upon the
instruction of the Required Lenders) revokes such notice. Upon receipt of such notice, the Borrower may revoke any pending request for
a Borrowing of, conversion to or continuation of Eurodollar Rate Loans or, failing that, will be deemed to have converted such request
into a request for a Borrowing of Base Rate Loans in the amount specified therein.

 

Section 3.05           Increased
Cost and Reduced Return; Capital Adequacy and Liquidity Requirements.

 

(a)           If
any Lender reasonably determines that as a result of the introduction of or any change in or in the interpretation of any Law, in each
case after the date hereof, or such Lender’s compliance therewith, there shall be any increase in the cost to such Lender of agreeing
to make or making, funding or maintaining any Loan the interest on which is determined by reference to the Eurodollar Rate or a reduction
in the amount received or receivable by such Lender in connection with any of the foregoing (including Taxes on or in respect of its
loans, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto, but excluding
for purposes of this Section 3.05(a) any such increased costs or reduction in amount resulting from (i) Indemnified Taxes
indemnifiable under Section 3.01 and (ii) Excluded Taxes), then within 15 days after demand of such Lender setting forth in
reasonable detail such increased costs (with a copy of such demand to the Administrative Agent given in accordance with Section 3.06),
the Borrower shall pay to such Lender such additional amounts as will compensate such Lender for such increased cost or reduction.

 

(b)           If
any Lender reasonably determines that the introduction of any Law regarding capital adequacy and liquidity requirements or any change
therein or in the interpretation thereof, in each case after the date hereof, or compliance by such Lender (or its Lending Office) therewith,
has the effect of materially reducing the rate of return on the capital of such Lender or any corporation controlling such Lender as
a consequence of such Lender’s obligations hereunder (taking into consideration its policies with respect to capital adequacy and
liquidity and such Lender’s desired return on capital), then within 15 days after demand of such Lender setting forth in reasonable
detail the charge and the calculation of such reduced rate of return (with a copy of such demand to the Administrative Agent given in
accordance with Section 3.06), the Borrower shall pay to such Lender such additional amounts as will compensate such Lender for
such reduction.

 

(c)           The
Borrower shall pay to each Lender, (i) as long as such Lender shall be required to maintain reserves or liquidity with respect to
liabilities or assets consisting of or including Eurodollar Rate funds or deposits, additional interest on the unpaid principal amount
of each Eurodollar Rate Loan equal to the actual costs of such reserves or liquidity allocated to such Loan by such Lender (as determined
by such Lender in good faith, which determination shall be conclusive in the absence of manifest error), and (ii) as long as such
Lender shall be required to comply with any liquidity requirement, reserve ratio requirement or analogous requirement of any other central
banking or financial regulatory authority imposed in respect of the maintenance of the Commitments or the funding of the Eurodollar Rate
Loans, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five (5) 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 absent manifest error) which in each case shall be due and payable on each date on which interest is
payable on such Loan; provided the Borrower shall have received at least 15 days’ prior written notice (with a copy to the
Administrative Agent) of such additional interest or cost from such Lender. If a Lender fails to give written notice 15 days prior to
the relevant Interest Payment Date, such additional interest or cost shall be due and payable 15 days from receipt of such written notice.

 

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(d)           For
purposes of this Section 3.05, (i) 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 (ii) all requests, rules, guidelines, requirements and
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 (other than foreign regulatory authorities in Switzerland), in each
case pursuant to Basel III, shall, in each case, be deemed to have gone into effect after the date hereof, regardless of the date enacted,
adopted or issued.

 

(e)           Notwithstanding
the foregoing, the Borrower shall not be liable for such compensation or payment for additional costs as a result of circumstances referred
to in clauses (a) and (b) above resulting from a market disruption if (1) such circumstances affect a Lender or group
of Lenders individually but are not generally affecting the banking market and (2) such request is not made by the Required Lenders.

 

Section 3.06           Funding
Losses. Upon written demand of any Lender (with a copy to the Administrative Agent) from time to time, setting forth in reasonable
detail the basis for calculating such compensation, the Borrower shall promptly compensate such Lender for and hold such Lender harmless
from any loss, cost or expense incurred by it as a result of:

 

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

 

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

 

(c)           any
mandatory assignment of such Lender’s Eurodollar Rate Loans pursuant to Section 3.08 on a day prior to the last day of the
Interest Period for such Loans,

 

including 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 (but excluding anticipated profits).

 

Section 3.07           Matters
Applicable to All Requests for Compensation.

 

(a)           A
certificate of any Agent or any Lender claiming compensation under this Article III and setting forth in reasonable detail a calculation
of the additional amount or amounts to be paid to it hereunder shall be conclusive in the absence of manifest error. In determining such
amount, such Agent or such Lender may use any reasonable averaging and attribution methods. With respect to any Lender’s claim
for compensation under Sections 3.03, 3.04 or 3.05, the Loan Parties shall not be required to compensate such Lender for any amount incurred
more than 180 days prior to the date that such Lender notifies the Borrower of the event that gives rise to such claim; provided
that, if the circumstance giving rise to such claim is retroactive, then such 180-day period referred to above shall be extended to include
the period of retroactive effect thereof.

 

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(b)           If
any Lender requests compensation under Section 3.05, or the Borrower is required to pay any additional amount to any Lender or any
Governmental Authority for the account of any Lender pursuant to Section 3.01, or if any Lender gives a notice pursuant to Section 3.03,
then such Lender will, if requested by the Borrower and at the Borrower’s expense, use commercially reasonable efforts to designate
another Lending Office for any Loan affected by such event; provided that such efforts (i) would eliminate or reduce amounts
payable pursuant to Section 3.01 or 3.05, as applicable, in the future and (ii) would not, in the judgment of such Lender be
inconsistent with the internal policies of, or otherwise be disadvantageous in any material legal, economic or regulatory respect to
such Lender or its Lending Office. The provisions of this clause (b) shall not affect or postpone any Obligations of the Borrower
or rights of such Lender pursuant to Section 3.05.

 

(c)           If
any Lender requests compensation by the Borrower under Section 3.05, the Borrower may, by notice to such Lender (with a copy to
the Administrative Agent), suspend the obligation of such Lender to make or continue from one Interest Period to another Eurodollar Rate
Loans, or to convert Base Rate Loans into Eurodollar Rate Loans, until the event or condition giving rise to such request ceases to be
in effect (in which case the provisions of Section 3.07(e) shall be applicable); provided that such suspension shall
not affect the right of such Lender to receive the compensation so requested.

 

(d)           If
the obligation of any Lender to make or continue from one Interest Period to another any Eurodollar Rate Loan, or to convert Base Rate
Loans into Eurodollar Rate Loans shall be suspended pursuant to Section 3.07(c) hereof, such Lender’s Eurodollar Rate
Loans shall be automatically converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for such
Eurodollar Rate Loans (or, in the case of an immediate conversion required by Section 3.03, on such earlier date as required by
Law) and, unless and until such Lender gives notice as provided below that the circumstances specified in Sections 3.03, 3.04 or
3.05 hereof that gave rise to such conversion no longer exist:

 

(i)            to
the extent that such Lender’s Eurodollar Rate Loans have been so converted, all payments and prepayments of principal that would
otherwise be applied to such Lender’s Eurodollar Rate Loans shall be applied instead to its Base Rate Loans; and

 

(ii)           all
Loans that would otherwise be made or continued from one Interest Period to another by such Lender as Eurodollar Rate Loans shall be
made or continued instead as Base Rate Loans, and all Base Rate Loans of such Lender that would otherwise be converted into Eurodollar
Rate Loans shall remain as Base Rate Loans.

 

(e)           If
any Lender gives notice to the Borrower (with a copy to the Administrative Agent) that the circumstances specified in Sections 3.03,
3.04 or 3.05 hereof that gave rise to the conversion of such Lender’s Eurodollar Rate Loans pursuant to this Section 3.07
no longer exist (which such Lender agrees to do promptly upon such circumstances ceasing to exist) at a time when Eurodollar Rate Loans
made by other Lenders are outstanding, such Lender’s Base Rate Loans shall be automatically converted, on the first day(s) of
the next succeeding Interest Period(s) for such outstanding Eurodollar Rate Loans, to the extent necessary so that, after giving
effect thereto, all Loans held by the Lenders holding Eurodollar Rate Loans and by such Lender are held pro rata (as to principal
amounts, interest rate basis, and Interest Periods) in accordance with their respective Commitments.

 

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(f)           A
Lender shall not be entitled to any compensation pursuant to Section 3.03, 3.05 or 3.06 unless such Lender certifies that it is
imposing such charges or requesting such compensation from borrowers (similarly situated to the Borrower hereunder) under comparable
syndicated credit facilities.

 

Section 3.08           Replacement
of Lenders under Certain Circumstances.

 

(a)           If
at any time (i) the Borrower becomes obligated to pay additional amounts or indemnity payments described in Sections 3.01 or 3.05
(other than with respect to Other Taxes) as a result of any condition described in such Sections or any Lender ceases to make Eurodollar
Rate Loans as a result of any condition described in Sections 3.03 or 3.04, (ii) any Lender becomes a Defaulting Lender or (iii) any
Lender becomes a Non-Consenting Lender (as defined below in this Section 3.08) (collectively, a “Replaceable Lender”),
then the Borrower may, on prior written notice from the Borrower to the Administrative Agent and such Lender (for the avoidance of doubt,
such notice shall be deemed provided on the same day that an amendment or waiver is posted to Lenders for consent), either (i) replace
such Lender by causing such Lender to (and such Lender shall be obligated to) assign pursuant to Section 10.07(b) (with the
assignment fee to be paid by the Borrower in such instance unless waived by the Administrative Agent) all of its rights and obligations
under this Agreement (or, in the case of a Non-Consenting Lender, all of its rights and obligations under this Agreement with respect
to the Facility or Facilities for which its consent is required) to one or more Eligible Assignees; provided that neither the
Administrative Agent nor any Lender shall have any obligation to the Borrower to find a replacement Lender or other such Person or (ii) so
long as no Event of Default shall have occurred and be continuing, terminate the Commitment of such Lender or prepay the Loans, as the
case may be, and repay all Obligations of the Borrower owing (and the amount of all accrued interest and fees in respect thereof) to
such Lender relating to the Loans and participations held by such Lender as of such termination date; provided that (i) in
the case of any such replacement of, or termination of Commitments with respect to a Non-Consenting Lender such replacement or termination
shall be sufficient (together with all other consenting Lenders including any other Replaceable Lender) to cause the adoption of the
applicable modification, waiver or amendment of the Loan Documents and (ii) in the case of any such replacement as a result of the
Borrower having become obligated to pay amounts described in Sections 3.01 or 3.05, such replacement would eliminate or reduce payments
pursuant to Sections 3.01 or 3.05, as applicable, in the future. Any Lender being replaced pursuant to this Section 3.08(a) shall
(i) execute and deliver an Assignment and Assumption with respect to such Lender’s Commitment and outstanding Loans and (ii) deliver
any Notes evidencing such Loans to the Borrower (for return to the Borrower) or the Administrative Agent. Pursuant to such Assignment
and Assumption, (A) the assignee Lender shall acquire all or a portion, as the case may be, of the assigning Lender’s Commitment
and outstanding Loans, (B) all Obligations relating to the Loans and participations (and the amount of all accrued interest, fees
and premiums in respect thereof) so assigned shall be paid in full by the assignee Lender to such assigning Lender concurrently with
such assignment and assumption and (C) upon such payment and, if so requested by the assignee Lender, the assigning Lender shall
deliver to the assignee Lender the applicable Note or Notes executed by the Borrower, the assignee Lender shall become a Lender hereunder
and the assigning Lender shall cease to constitute a Lender hereunder with respect to such assigned Loans, Commitments and participations,
except with respect to indemnification provisions under this Agreement, which shall survive as to such assigning Lender. In connection
with any such replacement, if any such Replaceable Lender does not execute and deliver to the Administrative Agent a duly executed Assignment
and Assumption reflecting such replacement within two Business Days of the date on which the assignee Lender executes and delivers such
Assignment and Assumption to such Replaceable Lender, then such Replaceable Lender shall be deemed to have executed and delivered such
Assignment and Assumption without any action on the part of the Replaceable Lender. In connection with the replacement of any Lender
pursuant to this Section 3.08(a), the Borrower shall pay to such Lender such amounts as may be required pursuant to Section 3.06.

 

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(b)           Notwithstanding
anything to the contrary contained above, the Lender that acts as the Administrative Agent may not be replaced hereunder except in accordance
with the terms of Section 9.09.

 

(c)           In
the event that (i) the Borrower or the Administrative Agent has requested the Lenders to consent to a waiver of any provisions of
the Loan Documents or to agree to any amendment or other modification thereto, (ii) the waiver, amendment or modification in question
requires the agreement of all affected Lenders in accordance with the terms of Section 10.01 or all the Lenders with respect to
a certain class of the Loans and (iii) the Required Lenders (or Majority Lenders, as applicable) have agreed to such waiver, amendment
or modification, then any Lender who does not agree to such waiver, amendment or modification, in each case, shall be deemed a “Non-Consenting
Lender”; provided, that the term “Non-Consenting Lender” shall also include any Lender that rejects (or
is deemed to reject) (x) a loan modification offer under Section 10.01, which loan modification has been accepted by at least
the Majority Lenders of the respective Tranche of Loans whose Loans and/or Commitments are to be extended pursuant to such loan modification
and (y) any Lender that does not elect to become a lender in respect of any Specified Refinancing Debt pursuant to Section 2.18.
For the avoidance of doubt, if any applicable Lender shall be deemed a Non-Consenting Lender and is required to assign all or any portion
of its Initial Term Loans or its Initial Term Loans are prepaid by the Borrower, pursuant to Section 3.08(a) in connection
with any such waiver, amendment or modification constituting a Premium Prepayment Event, the Borrower shall pay such Non-Consenting Lender
a fee equal to the applicable prepayment premium set forth in Section 2.05(a).

 

(d)           Survival.
All of the Loan Parties’ obligations under this Article III shall survive termination of the Aggregate Commitments and repayment
of all other Obligations hereunder, any assignment by or replacement of a Lender and any resignation or removal of the Administrative
Agent.

 

ARTICLE IV.

Conditions Precedent to Borrowings

 

Section 4.01           Conditions
to the Initial Borrowing on the Closing Date. The obligation of each Lender to make its initial Borrowing hereunder on the Closing
Date is subject to satisfaction or waiver in accordance with Section 10.01 of each of the following conditions precedent, except
as otherwise agreed between the Borrower and the Administrative Agent:

 

(a)           The
Administrative Agent (or in the case of clause (ii)(1) below, the First Lien Administrative Agent) shall have received all of the
following, each of which shall be originals or facsimiles or “pdf” files unless otherwise specified, each properly executed
by a Responsible Officer of the signing Loan Party (if applicable), each dated as of the Closing Date (or, in the case of certificates
of governmental officials, as of a recent date before the Closing Date), each in form and substance reasonably satisfactory to the Administrative
Agent, and each accompanied by their respective required schedules and other attachments (and set forth thereon shall be all required
information with respect to Holdings and its Subsidiaries, giving effect to the Transactions):

 

(i)            executed
counterparts of (A) this Agreement from Holdings and the Borrower, (B) the Holdings Guaranty from Holdings, (C) the Subsidiary
Guaranty from each Subsidiary Guarantor, (D) the ABL Intercreditor Agreement from Holdings, the Borrower, the ABL Representative,
the Administrative Agent and the Second Lien Administrative Agent and (E) the Term Loan Intercreditor Agreement from Holdings, the
Borrower, the Administrative Agent and the First Lien Administrative Agent;

 

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(ii)           the
Security Agreement, duly executed by Holdings, the Borrower and each Subsidiary Guarantor, together with (subject to the last paragraph
of this Section 4.01):

 

(1)           certificates,
if any, representing the Pledged Interests accompanied by undated stock powers executed in blank (or stock transfer forms, as applicable)
and instruments evidencing the Pledged Debt indorsed in blank (or instrument of transfer, as applicable) shall have been delivered to
the First Lien Administrative Agent, and

 

(2)           copies
of proper financing statements, filed or duly prepared for filing under the Uniform Commercial Code in all United States jurisdictions
that the Administrative Agent may deem reasonably necessary in order to perfect the Liens on assets of Holdings, the Borrower and each
Subsidiary Guarantor created under the Security Agreement, covering the Collateral described in the Security Agreement, and

 

(3)           evidence
that all other actions, recordings and filings of or with respect to the Security Agreement that the Administrative Agent may deem reasonably
necessary or desirable in order to perfect the Liens created thereby (subject to the Perfection Exceptions) shall have been taken, completed
or otherwise provided for in a manner reasonably satisfactory to the Administrative Agent, and

 

(4)           an
Intellectual Property Security Agreement, duly executed by each Loan Party that owns intellectual property that is required to be pledged
in accordance with the Collateral Documents;

 

(iii)           [reserved];

 

(iv)           a
Note executed by the Borrower in favor of each Lender requesting a Note at least three (3) Business Days in advance of the Closing
Date;

 

(v)           a
Committed Loan Notice relating to the initial Borrowing;

 

(vi)          a
solvency certificate executed by the chief financial officer or similar officer, director or authorized signatory of the Borrower
(after giving effect to the Transactions) substantially in the form attached hereto as Exhibit G;

 

(vii)         such
documents and certifications (including (x) Organization Documents and (y) good standing certificates) as the Administrative
Agent may reasonably require to evidence (A) the identity, authority and capacity of each Responsible Officer of the Loan Parties
acting as such in connection with this Agreement and the other Loan Documents and (B) that Holdings, the Borrower and each Subsidiary
Guarantor is duly incorporated, organized or formed, and that each of them is validly existing and, to the extent applicable, in good
standing, except to the extent that failure to be so qualified would not reasonably be expected to have a Material Adverse Effect;

 

(viii)        a
customary opinion of Ropes & Gray LLP, New York and Delaware counsel to Holdings, the Borrower and the Subsidiary Guarantors,
addressed to each Secured Party, in form and substance reasonably satisfactory to the Administrative Agent; and

 

(ix)           a
certificate of a Responsible Officer of the Borrower certifying that the conditions set forth in Sections 4.01(f)(ii) and
(g) have been satisfied.

 

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(b)           Since
the date of the Purchase Agreement, no Material Adverse Effect shall have occurred.

 

(c)           The
Administrative Agent shall have received (a) with respect to the Borrower, (i) audited consolidated or combined balance sheet
of Vertex Holdings as of December 31, 2020 and as of the end of any fiscal year ended at least 120 days prior to the Closing Date,
and, in each case, the consolidated or combined statements of operations or (loss) income, changes in net parent company investment and
cash flows of Vertex Holdings for such fiscal year and (ii) unaudited consolidated or combined balance sheets of Vertex Holdings
as of the last day of each fiscal quarter ending after December 31, 2020 (excluding the fourth fiscal quarter of any fiscal year)
and at least 60 days prior to the Closing Date and the related unaudited consolidated or combined statements of operations or (loss)
income and cash flows of Vertex Holdings for each such fiscal quarter (subject to the absence of notes and normal year-end adjustments)
and (b) with respect to the Target Business, (i) an audited “carve-out” balance sheet of the Target Business as
of December 31, 2020 and as of the end of any subsequent fiscal year ended at least 120 days prior to the Closing Date, and the
related audited “carve-out” statements of operations or (loss) and income and cash flows of the Business for such fiscal
year and (ii) unaudited “carve-out” balance sheets of the Business as of the last day of each fiscal quarter ending
after December 31, 2020 (excluding the fourth fiscal quarter of any fiscal year) and at least 60 days prior to the Closing Date
and the related unaudited “carve-out” statements of operations or (loss) income and cash flows of the Business for each such
fiscal quarter (subject to the absence of notes and normal year-end adjustments) (collectively, the “Historical Financial Statements”).

 

(d)           The
Administrative Agent shall have received a pro forma consolidated balance sheet of Vertex Holdings as of the last day of the then-most
recent fiscal quarter ending prior to the Closing Date as to which financial statements of Vertex Holdings have been delivered pursuant
to the Historical Financial Statements, prepared after giving effect to the Transactions as if the Transactions had occurred as of such
date, which need not be prepared in compliance with Regulation S-X of the Securities Act of 1933, as amended, or include adjustments
for purchase accounting (or include adjustments of the type contemplated by ASC 805, tax adjustments, deferred taxes or similar pro forma
adjustments) (the “Pro Forma Balance Sheet”).

 

(e)           The
Administrative Agent shall have received all documentation and other information about any Loan Party required by U.S. regulatory authorities
under applicable “know your customer” and anti-money laundering rules and regulations, including the PATRIOT Act at
least three (3) Business Days prior to the Closing Date (or such shorter period as the Administrative Agent shall otherwise agree),
and if the Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, a Beneficial Ownership
Certification in relation to the Borrower, in each case, as is reasonably requested in writing by the Administrative Agent at least ten
(10) business days prior to the Closing Date.

 

(f)

 

(i)            The
Purchase Agreement Representations shall be true and correct in all material respects as of the Closing Date (except in the case of any
Purchase Agreement Representation which expressly relates to a given date or period, such representation and warranty shall be true and
correct in all material respects as of the respective date or for the respective period, as the case may be) but only to the extent that
the Borrower or any of its Affiliates has the right (taking into account any cure provisions) to terminate the obligations of the Borrower
or any of its Affiliates under the Purchase Agreement or to decline to consummate the Acquisition without liability under the Purchase
Agreement as a result of a breach of such representations, and

 

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(ii)           the
Specified Representations shall be true and correct in all material respects as of the Closing Date (except in the case of any Specified
Representation which expressly relates to a given date or period, such representation and warranty shall be true and correct in all material
respects as of the respective date or for the respective period, as the case may be).

 

(g)           The
Acquisition shall have been, or substantially concurrently with the initial borrowing of the Initial Term Loans shall be, consummated
in all material respects in accordance with the terms of the Purchase Agreement, after giving effect to any modifications, amendments,
consents or waivers thereto, other than those modifications, amendments, consents or waivers by the Buyer (as defined in the Purchase
Agreement) that are materially adverse to the interests of the Lenders providing the Initial Term Loan Facility in their capacities as
such, unless consented to in writing by the Lenders.

 

(h)           Prior
to, or substantially concurrently with, the initial Borrowing, the Investor Equity Contribution shall have been made and the Refinancing
shall have occurred.

 

(i)           All
fees required to be paid on the Closing Date pursuant to this Agreement and any other arrangements with the Administrative Agent or any
Lender and out-of-pocket expenses required to be paid on the Closing Date pursuant to any other written agreement with the Lenders, to
the extent, in the case of expenses, a reasonably detailed invoice has been delivered to the Borrower at least three (3) Business
Days prior to the Closing Date (or such later date as the Borrower may reasonably agree) shall have been paid (which amounts may be offset
against the proceeds of the Initial Term Loans).

 

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

 

Notwithstanding anything
herein to the contrary, it is understood that, (a) other than with respect to (x) the execution and delivery by Holdings, the
Borrower and the other applicable Loan Parties of the Security Agreement and (y) UCC Filing Collateral and Stock Certificates (each
as defined below), to the extent any Lien on any Collateral is not or cannot be provided and/or perfected on the Closing Date after Holdings’
and the Borrower’s use of commercially reasonable efforts to do so or without undue burden or expense, the provision and/or perfection
of a Lien on such Collateral shall not constitute a condition precedent for purposes of this Section 4.01, but instead shall be
required to be perfected after the Closing Date in accordance with Section 6.16; provided that Holdings and the Borrower
shall have delivered all Stock Certificates (to the extent received by Holdings after Holdings’ and the Borrower’s use of
commercially reasonable efforts to receive such certificates or otherwise without undue burden or expense). For purposes of this paragraph,
 “UCC Filing Collateral” means Collateral, including Collateral constituting investment property, for which a security
interest can be perfected by filing a UCC-1 financing statement. “Stock Certificates” means Collateral consisting
of certificates representing Equity Interests of the Borrower or the wholly owned Domestic Subsidiaries of the Loan Parties (in each
case, other than Immaterial Subsidiaries) for which a security interest can be perfected by delivering such certificates, together with
undated stock powers or other appropriate instruments of transfer executed in blank for each such certificate.

 

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ARTICLE V.

Representations and Warranties

 

Each of Holdings and the
Borrower represents and warrants to the Administrative Agent, Collateral Agent and the Lenders on the Closing Date and on each date that
the representations and warranties in this Article V are required to be made that (provided that on the Closing Date, only
the Specified Representations are made):

 

Section 5.01           Existence,
Qualification and Power; Compliance with Laws. Each Loan Party and each of the Restricted Subsidiaries (subject, in the case of clause
(c) of this Section 5.01, to the Legal Reservations and Section 5.03) (a) is a Person duly organized, formed or incorporated,
validly existing and in good standing (to the extent such concept is applicable in the relevant jurisdiction) under the Laws of the jurisdiction
of its incorporation or organization, (b) has all requisite power and authority to (i) own or lease its assets and carry on
its business and (ii) execute, deliver and perform its obligations under the Loan Documents to which it is a party, (c) is
duly qualified and is authorized to do business and in good standing (to the extent such concept is applicable in the relevant jurisdiction)
under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such
qualification and (d) has all requisite governmental licenses, authorizations, consents and approvals to operate its business as
currently conducted; except in each case referred to in clause (a) (other than with respect to the Borrower), (b)(i), (b)(ii) (other
than with respect to the Borrower), (c) and (d), to the extent that any failure to be so or to have such would not reasonably be
expected to have, individually or in the aggregate, a Material Adverse Effect.

 

Section 5.02          Authorization;
No Contravention. The execution, delivery and performance by each Loan Party of each Loan Document to which such Person is or is
to be a party, are within such Loan Party’s corporate or other powers, have been duly authorized by all necessary corporate or
other organizational action and do not (a) contravene the terms of any of such Person’s Organization Documents, (b) violate
any Law, (c) will not violate or result in a default under any indenture or other agreement or instrument in respect of Indebtedness
with an aggregate principal amount in excess of the Threshold Amount which is binding upon Holdings, the Borrower or any other Loan Party,
except to the extent that such contravention or violation would not reasonably be expected to have, individually or in the aggregate,
a Material Adverse Effect.

 

Section 5.03           Governmental
Authorization; Other Consents. No approval, consent, exemption, authorization or other action by, or notice to, or filing with, any
Governmental Authority or any other Person is necessary or required in connection with (a) the execution, delivery or performance
by any Loan Party of this Agreement or any other Loan Document, (b) the grant by any Loan Party of the Liens granted by it pursuant
to the Collateral Documents or (c) the perfection or maintenance of the Liens created under the Collateral Documents, except for
(w) filings and registrations necessary to perfect the Liens on the Collateral granted by the Loan Parties, (x) the approvals,
consents, exemptions, authorizations, actions, notices and filings which have been duly obtained, taken, given or made and are in full
force and effect, (y) those approvals, consents, exemptions, authorizations or other actions, notices or filings set out in the
Collateral Documents and (z) those approvals, consents, exemptions, authorizations or other actions, notices or filings, the failure
of which to obtain or make would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

 

Section 5.04           Binding
Effect. This Agreement and each other Loan Document has been duly executed and delivered by each Loan Party (subject, in each case,
to the Legal Reservations and Section 5.03) that is party thereto. Subject to the Legal Reservations, this Agreement and each other
Loan Document constitutes, a legal, valid and binding obligation of such Loan Party, enforceable against each Loan Party that is party
thereto in accordance with its terms.

 

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Section 5.05           Financial
Statements; No Material Adverse Effect.

 

(a)           To
the knowledge of the Borrower, the Target Historical Financial Statements present fairly, in all material respects, the consolidated
 “carve-out” financial position of the Target Business, in each case, at the respective dates thereof and their consolidated
results of operations or income (loss) and cash flows of the Target Business for the respective periods covered thereby in accordance
with GAAP in all material respects, except as otherwise expressly noted therein or in the notes thereto (subject, in the case of any
unaudited Target Historical Financial Statements, to changes resulting from normal year-end adjustments and the absence of footnotes).

 

(b)           The
Historical Financial Statements present fairly, in all material respects, the consolidated financial position of the Borrower and its
Subsidiaries (other than the Target Business), in each case, at the respective dates thereof and their consolidated results of operations
or income (loss) and cash flows for the respective periods covered thereby in accordance with GAAP in all material respects, except as
otherwise expressly noted therein or in the notes thereto (subject, in the case of any unaudited Historical Financial Statements, to
changes resulting from normal year-end adjustments and the absence of footnotes).

 

(c)           Since
the Closing Date, there has been no Material Adverse Effect.

 

Section 5.06           Litigation.
There are no actions, suits, proceedings, claims or disputes pending or, to the knowledge of the Borrower, threatened in writing, at
law, in equity, in arbitration or before any Governmental Authority, against the Borrower or any Restricted Subsidiary, or against any
of their properties or revenues that would reasonably be expected to have a Material Adverse Effect.

 

Section 5.07           [Reserved].

 

Section 5.08           Ownership
of Property; Liens. Each Loan Party and each of the Restricted Subsidiaries has fee simple or other comparable valid title to, or
leasehold or subleasehold, as applicable, interests in, all real property necessary in the ordinary conduct of its business, free and
clear of all Liens except for minor defects in title that do not materially interfere with its ability to conduct its business or to
utilize such assets for their intended purposes and Liens permitted by Section 7.02, except where the failure to have such title
or interests would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect on the use or operation
of any Material Real Property or any real property necessary for the ordinary conduct of the business of the Group Parties, taken as
a whole.

 

Section 5.09           [Reserved].

 

Section 5.10           Taxes.
The Borrower and each of the Restricted Subsidiaries have filed or have caused to be filed all Tax returns and reports required to be
filed, and have paid all Taxes (including in its capacity as a withholding agent) levied or imposed upon them or their properties, income
or assets otherwise due and payable, except those (a) which are being contested in good faith by appropriate proceedings diligently
conducted and for which adequate reserves have been provided in accordance with GAAP or (b) with respect to which the failure to
make such filing or payment would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect.

 

Section 5.11           ERISA.

 

(a)           Except
as would not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect, (i) each Plan is
in compliance with the applicable provisions of ERISA, the Code and other applicable federal and state laws and (ii) each Plan that
is intended to be a qualified plan under Section 401(a) of the Code may rely upon an opinion letter for a prototype plan or
has received a favorable determination letter from the IRS 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 IRS to be exempt from federal income tax under Section 501(a) of
the Code, or an application for such a letter will be submitted to the IRS within the applicable required time period with respect thereto
or is currently being processed by the IRS, and to the knowledge of any Loan Party, nothing has occurred that would prevent, or cause
the loss of, such tax-qualified status.

 

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(b)            There
are no pending or, to the knowledge of any Loan Party, threatened claims, actions or lawsuits, or action by any Governmental Authority,
with respect to any Plan that would reasonably be expected to have a Material Adverse Effect. There has been no “prohibited transaction”
within the meaning of Section 4975 of the Code or Section 406 or 407 of ERISA (and not otherwise exempt under Section 408
of ERISA) with respect to any Plan that would reasonably be expected to result in a Material Adverse Effect.

 

(c)            (i) No
ERISA Event has occurred and neither any Loan Party nor, to the knowledge of any Loan Party, any ERISA Affiliate is aware of any fact,
event or circumstance that would reasonably be expected to constitute or result in an ERISA Event with respect to any Plan or Multiemployer
Plan, (ii) each Loan Party and each ERISA Affiliate has met all applicable requirements under the Pension Funding Rules in
respect of each Plan, and no waiver of the minimum funding standards under such Pension Funding Rules has been applied for or obtained,
(iii) there exists no Unfunded Pension Liability, (iv) as of the most recent valuation date for any Plan, the present value
of all accrued benefits under such Plan (based on the actuarial assumptions used to fund such Plan) did not exceed the value of the assets
of such Plan allocable to such accrued benefits, (v) neither any Loan Party nor, to the knowledge of any Loan Party, any ERISA Affiliate
knows of any facts or circumstances that would reasonably be expected to cause the funding target attainment percentage (as defined in
Section 430(d)(2) of the Code) for any Plan, if applicable, to drop below 80% as of the most recent valuation date, (vi) neither
any Loan Party 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, (vii) neither any Loan Party nor any ERISA Affiliate has engaged in a transaction
that would be subject to Sections 4069 or 4212(c) of ERISA and (viii) no Plan has been terminated by the plan administrator
thereof or by the PBGC and no event or circumstance has occurred or exists that would reasonably be expected to cause the PBGC to institute
proceedings under Title IV of ERISA to terminate any Plan or Multiemployer Plan, except with respect to each of the foregoing clauses
(i) through (viii) of this Section 5.11(c), as would not reasonably be expected, individually or in the aggregate, to
result in a Material Adverse Effect.

 

Section 5.12           [Reserved].

 

Section 5.13           Margin
Regulations; Investment Company Act.

 

(a)            No
Loan Party is engaged, principally or as one of its important activities, in the business of purchasing or carrying Margin Stock, or
extending credit for the purpose of purchasing or carrying Margin Stock and no proceeds of any Borrowings will be used to purchase or
carry any Margin Stock or to extend credit to others for the purpose of purchasing or carrying any Margin Stock. Neither the making of
any Borrowing hereunder nor the use of proceeds thereof will violate any regulations of the FRB, including the provisions of Regulations
T, U or X of the FRB.

 

(b)            None
of the Loan Parties is or is required to be registered as an “investment company” under the Investment Company Act of 1940,
as amended.

 

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Section 5.14           Disclosure.
As of the Closing Date, no written factual information furnished by or on behalf of any Loan Party (other than projected financial information,
the Financial Model, other forward-looking information, information of a general economic or industry nature and all third-party memos
or reports) to any Agent or any Lender in connection with the transactions contemplated hereby and the negotiation of this Agreement
or delivered hereunder or any other Loan Document (as modified or supplemented by other information so furnished), when taken as a whole
and together with any public filings by the Sellers relating to the Target Business, contains any material misstatement of fact or omits
to state any material fact necessary to make the statements therein (when taken as a whole), in the light of the circumstances under
which they were made, not materially misleading; provided that, with respect to projected and pro forma financial information,
the Borrower represents only that such information was prepared in good faith based upon assumptions believed to be reasonable at the
time of preparation and delivery; it being understood that (i) such information relates to future events and is not to be viewed
as fact, (ii) such information is subject to significant uncertainties and contingencies, many of which are beyond the control of
the Borrower, (iii) no assurance is given by the Borrower that any such information will be realized and (iv) actual results
during the period or periods covered thereby may differ significantly from the projected results and such differences may be material.

  

Section 5.15           Compliance
with Laws. Each of Holdings, the Borrower and each Restricted Subsidiary is in compliance in all material respects with the requirements
of all Laws (including Environmental Laws and Environmental Permits) and all orders, writs, injunctions and decrees applicable to it
or to its properties, except in such instances in which (a) 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, either individually
or in the aggregate, would not reasonably be expected to have a Material Adverse Effect.

 

Section 5.16           [Reserved].

 

Section 5.17           Solvency.
On the Closing Date, after giving effect to the Transactions, the Borrower and its Subsidiaries, on a consolidated basis, are Solvent.

 

Section 5.18           Perfection,
Etc. Subject to the Legal Reservations and the last paragraph of Section 4.01, each Collateral Document delivered pursuant to
this Agreement will, upon execution and delivery thereof, be effective to create in favor of the Collateral Agent for the benefit of
the Secured Parties, legal, valid and enforceable Liens on, and security interests in, the Collateral described therein to the extent
intended to be created thereby, except as to enforcement, as may be limited by applicable domestic bankruptcy, insolvency, fraudulent
conveyance, reorganization (by way of voluntary arrangement, schemes of arrangements or otherwise), moratorium and other similar laws
relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity
or at law) and (a) when financing statements are filed in the offices of the Secretary of State of each Loan Party’s jurisdiction
of organization or formation and applicable documents are filed and recorded as applicable in the United States Copyright Office or the
United States Patent and Trademark Office and (b) upon the taking of possession or control by the Collateral Agent of such Collateral
with respect to which a security interest may be perfected only by possession or control (which possession or control, subject to the
Term Loan Intercreditor Agreement, shall be given to the Collateral Agent to the extent possession or control by the Collateral Agent
is required by the applicable Collateral Document), the Liens in favor of the Collateral Agent for the benefit of the Secured Parties
created by the Collateral Documents shall constitute fully perfected Liens so far as possible under relevant law on, and security interests
in (to the extent intended to be created thereby and required to be perfected under the Loan Documents), all right, title and interest
of the grantors in such Collateral in each case free and clear of any Liens other than Liens permitted hereunder.

 

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Section 5.19           PATRIOT
Act; OFAC.

 

(a)            PATRIOT
Act. Each of Holdings, the Borrower and each of their respective Restricted Subsidiaries is in compliance, in all material respects,
with the PATRIOT Act.

 

(b)            OFAC.
None of Holdings, the Borrower or any other Restricted Subsidiary is a person on the list of “Specially Designated Nationals and
Blocked Persons”, is domiciled, organized or resident in a Sanctioned Country or is subject to the limitations or prohibitions
under any other U.S. Department of Treasury’s Office of Foreign Assets Control regulation. The Borrower will not directly or knowingly
indirectly use the proceeds of the Loans or otherwise make available such proceeds to any Person, for the purpose of financing the activities
of any Person subject to any U.S. sanctions administered by the U.S. Department of the Treasury’s Office of Foreign Assets Control
(“OFAC”).

 

Section 5.20           FCPA.
The Borrower will not directly or, to the knowledge of the Borrower, indirectly use any part of the proceeds of any Loan for any improper
payments to any governmental official or employee, political party, official of a political party, candidate for political office, or
anyone else acting in an official capacity, or any other party (if applicable) in order to obtain, retain or direct business or obtain
any improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977. Holdings, the Borrower and the Restricted
Subsidiaries are in compliance, in all material respects, with the United States Foreign Corrupt Practices Act of 1977.

 

ARTICLE VI.

Affirmative Covenants

 

So long as the Termination
Conditions have not been satisfied, (A) with respect to the covenants set forth in Sections 6.05 and 6.14, Holdings shall, (B) the
Borrower shall, and (C) except in the case of the covenants set forth in Sections 6.01, 6.02 and 6.03, the Borrower shall cause
each Restricted Subsidiary to:

 

Section 6.01           Financial
Statements. Deliver to the Administrative Agent for further distribution to each Lender:

 

(a)            within
120 days (or 150 days with respect to the fiscal year ending December 31, 2021) after the end of each fiscal year of the Borrower
(or of any Parent Holding Company or Subsidiary of a Parent Holding Company allowed to be delivered pursuant to the terms hereof) (commencing
with the fiscal year ending December 31, 2021), a consolidated balance sheet of the Borrower (or of any Parent Holding Company or
Subsidiary of a Parent Holding Company allowed to be delivered pursuant to the terms hereof) and its Subsidiaries as at the end of such
fiscal year, and the related consolidated statements of income (loss) or operations, and cash flows for such fiscal year (in the case
of such financial statements for the fiscal year ending December 31, 2021, such annual financial statements may be separated into
separate predecessor and successor periods), setting forth in each case in comparative form (commencing with the fiscal year ending December 31,
2023) 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 any independent certified public accountant of nationally recognized standing, which report and opinion shall
be prepared in accordance with generally accepted auditing standards and shall not be subject to any qualification as to “going
concern” (other than a “going concern” or “emphasis of matter” explanatory paragraph or like statement)
or the scope of such audit (other than any such exception, qualification or explanatory paragraph that is with respect to, or from, (i) an
upcoming maturity date under the Term Facility, the First Lien Term Facility, the ABL Facility or any other Indebtedness that is scheduled
to occur within one year from the time such report and opinion are delivered, (ii) any potential inability to satisfy a financial
maintenance covenant on a future date or in a future period, (iii) any actual breach of any financial maintenance covenant or (iv) the
activities, operations, financial results, assets or liabilities of any Unrestricted Subsidiary);

 

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(b)            within
60 days (or 75 days with respect to the fiscal quarters ending March 31, 2022, June 30, 2022 and September 30, 2022) after
the end of each of the first three (3) fiscal quarters of each fiscal year of Holdings (or of any Parent Holding Company or Subsidiary
of a Parent Holding Company allowed to be delivered pursuant to the terms hereof) (commencing with the fiscal quarter ending March 31,
2022), a consolidated balance sheet of the Borrower (or of any Parent Holding Company or Subsidiary of a Parent Holding Company allowed
to be delivered pursuant to the terms hereof) and its Subsidiaries as at the end of such fiscal quarter, and the related consolidated
statements of income or operations and cash flows for such fiscal quarter and for the portion of the fiscal year then ended, setting
forth in each case in comparative form (commencing with the fiscal quarter ending March 31, 2023) 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;

 

(c)            within
120 days after the end of each fiscal year, to be distributed only to each Lender that has selected the “Private Side Information”
or similar designation, a consolidated budget of the Borrower and its Subsidiaries for the upcoming fiscal year (in the form customarily
prepared by the Borrower); provided that delivery of such budget pursuant to this Section 6.01(c) shall only be required
hereunder prior to a Qualified IPO;

 

(d)            concurrently
with the delivery of any financial statements pursuant to Sections 6.01(a) and (b) above, the related consolidating financial
statements reflecting the adjustments necessary to eliminate the accounts of Unrestricted Subsidiaries (if any) from such consolidated
financial statements; and

 

(e)            quarterly,
at a time selected by the Borrower and reasonably acceptable to the Administrative Agent that is promptly after the delivery of the information
required pursuant to Section 6.01(a) or 6.01(b), as applicable, commencing with the delivery of information with respect to
the fiscal period ending December 31, 2021, to participate in a conference call for Lenders to discuss the financial position and
results of operations of the Borrower and its Restricted Subsidiaries for the most recently ended period for which financial statements
have been delivered; provided that, if the Borrower holds a conference call open to lenders under the First Lien Credit Agreement
to discuss the financial position and results of operations of the Borrower and its Restricted Subsidiaries for the most recently ended
fiscal quarter or fiscal year, as applicable, for which financial statements have been delivered pursuant to Sections 6.01(a) or
6.01(b) above, such conference call will be deemed to satisfy the requirements of this clause (e) so long as the Lenders are
provided access to such conference call and the ability to ask questions thereon.

 

Notwithstanding the foregoing,
(A) the obligations in clauses (a), (b) and (c) of this Section 6.01 may be satisfied by furnishing, at the option
of the Borrower, the applicable financial statements or, as applicable, budgets of (I) any successor of the Borrower, (II) any
Wholly Owned Restricted Subsidiary of the Borrower that, together with its consolidated Restricted Subsidiaries, constitutes substantially
all of the assets of the Borrower and its consolidated Subsidiaries (a “Qualified Reporting Subsidiary”) or (III) any
Parent Holding Company; provided that to the extent such information relates to a Qualified Reporting Subsidiary or a Parent Holding
Company, such information is accompanied by consolidating information that explains in reasonable detail the differences between the
information relating to such Qualified Reporting Subsidiary or any Parent Holding Company, on the one hand, and the information relating
to the Borrower and the Restricted Subsidiaries on a standalone basis, on the other hand, and (B) (i) in the event that the
Borrower (or any Parent Holding Company or Subsidiary of a Parent Holding Company allowed to deliver financial statements pursuant to
the terms hereof) delivers to the Administrative Agent an Annual Report on Form 10-K for any fiscal year (or similar filing in the
applicable jurisdiction), as filed with the SEC or in such form as would have been suitable for filing with the SEC, within the time
frames set forth in clause (a) above, such Form 10-K shall satisfy all requirements of clause (a) of this Section 6.01
with respect to such fiscal year to the extent that it contains the information and report and opinion required by such clause (a) and
such report and opinion does not contain any “going concern” qualification or qualification as to the scope of audit (other
than any such qualification, exception or explanatory paragraph expressly permitted to be contained therein under clause (a) of
this Section 6.01) and (ii) in the event that the Borrower (or any Parent Holding Company or Subsidiary of a Parent Holding
Company allowed to deliver financial statements pursuant to the terms hereof) delivers to the Administrative Agent a Quarterly Report
on Form 10-Q for any fiscal quarter (or similar filing in the applicable jurisdiction), as filed with the SEC or in such form as
would have been suitable for filing with the SEC, within the time frames set forth in clause (b) above, such Form 10-Q shall
satisfy all requirements of clause (b) of this Section with respect to such fiscal quarter to the extent that it contains the
information required by such clause (b); in each case to the extent that information contained in such Form 10-K or Form 10-Q
(or similar filings in the applicable jurisdiction) satisfies the requirements of clauses (a) or (b) of this Section 6.01,
as the case may be.

 

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Section 6.02           Certificates;
Other Information. Deliver to the Administrative Agent:

 

(a)            [reserved];

 

(b)            no
later than five (5) days after the delivery of (i) the financial statements referred to in Sections 6.01(a) and (b) or
(ii) an Annual Report on Form 10-K or a Quarterly Report on Form 10-Q (in either case, delivered pursuant to the last
paragraph of Section 6.01), a duly completed Compliance Certificate signed by a Responsible Officer of Holdings or the Borrower
(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);

 

(c)            promptly
after the same are available, copies of all annual, regular, periodic and special reports and registration statements which Holdings
or the Borrower may file or be required to file, copies of any report, filing or communication with the SEC under Section 13 or
15(d) of the Exchange Act, or with any Governmental Authority that may be substituted therefor, or with any national securities
exchange, and in any case not otherwise required to be delivered to the Administrative Agent pursuant hereto;

 

(d)            promptly
after the furnishing thereof, copies of any notices of default delivered by or received by any Loan Party pursuant to the terms of the
ABL Credit Agreement, the First Lien Credit Agreement or any Junior Financing in a principal amount greater than the Threshold Amount
and not otherwise required to be furnished to the Lenders pursuant to any other clause of this Section 6.02; and

 

(e)            promptly,
such additional information regarding the business, legal, financial or corporate affairs of any Loan Party or any Restricted Subsidiary
thereof as the Administrative Agent or any Lender through the Administrative Agent may from time to time reasonably request; provided that,
notwithstanding anything to the contrary herein, neither Holdings nor any Subsidiary shall be required to provide any information (i) that
constitutes trade secrets or proprietary information, (ii) in respect of which disclosure to the Administrative Agent or any Lender
is prohibited by Law or any binding agreement or (iii) that is subject to attorney client or similar privilege or constitutes attorney
work product.

 

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Documents required to be
delivered pursuant to Section 6.01(a), (b), (c) or (d) or Section 6.02(c) or (d) (or to the extent any
such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be
deemed to have been delivered on the date on which such documents are posted on the Borrower’s behalf (or on behalf of any Parent
Holding Company or Subsidiary of a Parent Holding Company allowed to deliver financial statements pursuant to the terms hereof) on the
Platform or another relevant internet or intranet website, if any, to which each Lender and the Administrative Agent have access (whether
a commercial, third-party website or whether sponsored by the Administrative Agent); provided that: (i) upon written request
by the Administrative Agent, the Borrower shall deliver paper copies of such documents to the Administrative Agent for further distribution
to each Lender until a written request to cease delivering paper copies is given by the Administrative Agent or such Lender and (ii) the
Borrower shall notify (which may be by facsimile or electronic mail) the Administrative Agent of the posting of any such documents described
in this paragraph and provide to the Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents
to the extent requested by the Administrative Agent. The Administrative Agent shall have no obligation to request the delivery of or
to maintain or deliver to Lenders paper copies of the documents referred to above, and in any event shall have no responsibility to monitor
compliance by the Borrower with any such request for delivery, and each Lender shall be solely responsible for timely accessing posted
documents or requesting delivery of paper copies of such documents from the Administrative Agent and maintaining its copies of such documents.

 

The Borrower hereby acknowledges
that (a) the Administrative Agent will make available to the Lenders materials and/or information provided by or on behalf of the
Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on IntraLinks/IntraAgency,
LendAmend, 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 (within the meaning
of foreign and United States federal and state securities laws) with respect to Holdings or its Affiliates, or the respective securities
of any of the foregoing, and who may be engaged in investment and other market-related activities with respect to such Persons’
securities. The Borrower hereby agrees that it will use commercially reasonable efforts to identify that portion of the Borrower Materials
that may be distributed to the Public Lenders and that (w) all such Borrower Materials shall be clearly and conspicuously marked
 “PUBLIC SIDE” which, at a minimum, means that the word “PUBLIC SIDE” or “PUBLIC” shall appear prominently
on the first page thereof; (x) by marking Borrower Materials “PUBLIC SIDE” or “PUBLIC,” the Borrower
shall be deemed to have authorized the Administrative Agent 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 Holdings or its Affiliates, or their respective
securities for purposes of foreign and United States federal and state securities laws (provided, however, that to the
extent such Borrower Materials constitute Information, they shall be treated as set forth in Section 10.08); (y) all Borrower
Materials marked “PUBLIC SIDE” or “PUBLIC” are permitted to be made available through a portion of the Platform
designated “Public Side Information” and (z) any Borrower Materials that are not marked “PUBLIC SIDE” or
 “PUBLIC” shall be deemed to contain material non-public information (within the meaning of foreign and United States federal
and state securities laws) and shall not be suitable for posting on a portion of the Platform designated “Public Side Information.”
Notwithstanding anything herein to the contrary, financial statements delivered pursuant to Sections 6.01(a) and 6.01(b) and
Compliance Certificates delivered pursuant to Section 6.02(b) shall be deemed to be suitable for posting on a portion of the
Platform designated “Public Side Information.”

 

Section 6.03           Notices.
Promptly, after a Responsible Officer of the Borrower or any Guarantor has obtained knowledge thereof, notify the Administrative Agent
for further distribution to each Lender:

 

(a)            of
the occurrence of any Default;

 

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(b)            of
the institution of any material litigation not previously disclosed by the Borrower to the Administrative Agent, or any material development
in any material litigation that would be reasonably expected to have a Material Adverse Effect;

 

(c)            of
any action arising under any Environmental Law against or of any noncompliance by any Loan Party or any of its Subsidiaries with any
Environmental Law or Environmental Permit that would reasonably be expected to have a Material Adverse Effect; and

 

(d)            of
the occurrence of any ERISA Event, where there is any reasonable likelihood of the imposition of liability on any Loan Party as a result
thereof that would be reasonably expected to have a Material Adverse Effect.

 

Each notice pursuant to this
Section 6.03 shall be accompanied by a statement of a Responsible Officer of the Borrower setting forth details of the occurrence
referred to therein and, if applicable, stating what action the Borrower has taken and proposes to take with respect thereto.

 

Section 6.04           Payment
of Taxes. Pay, discharge or otherwise satisfy as the same shall become due and payable all its obligations and liabilities in respect
of Taxes imposed upon it or its income, profits, properties or other assets (including in its capacity as a withholding agent), except,
in each case, (i) to the extent any such Tax is being contested in good faith and by appropriate proceedings for which appropriate
reserves have been established in accordance with GAAP, or (ii) if such failure to pay or discharge such obligations and liabilities
would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

 

Section 6.05           Preservation
of Existence, Etc. (a) Preserve, renew and maintain in full force and effect its legal existence under the Laws of the jurisdiction
of its organization except in a transaction permitted by Sections 7.03 or 7.04, (b) take all reasonable action to maintain
all rights, privileges (including its good standing, if such concept is applicable in its jurisdiction of organization), permits, licenses
and franchises necessary or desirable in the normal conduct of its business, except to the extent that failure to do so would not reasonably
be expected to have a Material Adverse Effect or as otherwise permitted hereunder, and (c) use commercially reasonable efforts to
preserve or renew all of its registered copyrights, patents, trademarks, trade names and service marks, the non-preservation of which
would reasonably be expected to have a Material Adverse Effect or as otherwise permitted hereunder; provided that nothing in this
Section 6.05 shall require the preservation, renewal or maintenance of, or prevent the abandonment by, the Borrower or any Restricted
Subsidiary of any registered copyrights, patents, trademarks, trade names and service marks that the Borrower or any Restricted Subsidiary
reasonably determines is not useful to its business or no longer commercially desirable.

 

Section 6.06           Maintenance
of Properties. Except if the failure to do so would not reasonably be expected to have, individually or in the aggregate, a Material
Adverse Effect, maintain, preserve and protect all of its tangible properties and equipment that are necessary in the operation of its
business in good working order, repair and condition, ordinary wear and tear excepted and casualty or condemnation excepted.

 

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Section 6.07           Maintenance
of Insurance. Except if the failure to do so would not reasonably be expected to have a Material Adverse Effect, maintain in full
force and effect, with insurance companies that the Borrower believes (in the good faith judgment of the management of the Borrower)
are financially sound and responsible at the time the relevant coverage is placed or renewed, insurance in at least such amounts (after
giving effect to any self-insurance which the Borrower believes (in the good faith judgment of management of the Borrower) is reasonable
and prudent in light of the size and nature of its business) and against at least such risks (and with such risk retentions) as are usually
insured against in the same general area by companies engaged in businesses similar to those engaged by the Borrower and the Restricted
Subsidiaries, but with respect to flood insurance, only to the extent required by applicable Law. Subject to Section 6.16, the Borrower
shall use commercially reasonable efforts to ensure that at all times the Collateral Agent, for the benefit of the Secured Parties, shall
be named as an additional insured, lender loss payee and/or loss payee, as applicable, with respect to liability policies (other than
directors and officers policies and workers compensation) maintained by the Borrower and each Subsidiary Guarantor and the Collateral
Agent, for the benefit of the Secured Parties, shall be named as lender loss payee and mortgagee with respect to the property insurance
maintained by the Borrower and each Subsidiary Guarantor; provided that, unless an Event of Default shall have occurred and be
continuing, (A) all proceeds from such insurance policies shall be paid to the Borrower or Subsidiary Guarantors, as applicable,
(B) to the extent the Collateral Agent receives any proceeds, the Collateral Agent shall turn over to the Borrower any amounts received
by it as an additional insured, lender loss payee and/or loss payee under any property insurance maintained by the Borrower and its Subsidiaries,
and (C) the Collateral Agent agrees that the Borrower and/or its applicable Subsidiaries shall have the sole right to adjust or
settle any claims under such insurance.

 

Section 6.08           Compliance
with Laws. Comply with the requirements of all applicable Laws (including, without limitation, ERISA, the PATRIOT Act, Sanctions
Laws and Regulations (with respect to any Foreign Subsidiary, solely to the extent not in conflict with applicable local laws and/or
regulations) and Environmental Laws) and all orders, writs, injunctions and decrees of any Governmental Authority applicable to it or
to its business or property, except if the failure to comply therewith, either individually or in the aggregate, would not reasonably
be expected to have a Material Adverse Effect.

 

Section 6.09           Books
and Records. Maintain proper books of record and account, in a manner to allow financial statements to be prepared in all material
respects in conformity with GAAP consistently applied in respect of all financial transactions and matters involving the assets and business
of the Borrower or such Restricted Subsidiary, as the case may be (it being understood and agreed that Foreign Subsidiaries may maintain
individual books and records in conformity with generally accepted accounting principles that are applicable in their respective jurisdiction
of organization).

 

Section 6.10           Inspection
Rights. Permit representatives of the Administrative Agent and, during the continuance of any Event of Default, of each Lender to
visit and inspect any of its properties (subject to the rights of lessees or sublessees thereof and subject to any restrictions or limitations
in the applicable lease, sublease or other written occupancy arrangement pursuant to which the Borrower or such Restricted Subsidiary
is a party), 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, managers, officers, and independent public accountants (subject to such accountants’
customary policies and procedures), all at the reasonable expense of the Borrower and at such reasonable times during normal business
hours and as often as may be reasonably desired, upon reasonable advance written notice to the Borrower; provided that (i) only
the Administrative Agent on behalf of the Lenders may exercise rights under this Section 6.10, (ii) excluding any such visits
and inspections during the continuation of an Event of Default, the Administrative Agent shall not exercise such rights more often than
one time during any calendar year and (iii) such exercise shall be at the Borrower’s expense; provided further, that
when an Event of Default is continuing the Administrative Agent (or any of its respective representatives) may do any of the foregoing
at the expense of the Borrower at any time and from time to time during normal business hours and upon reasonable advance written notice.
The Administrative Agent and the Lenders shall give the Borrower the opportunity to participate in any discussions with the Borrower’s
accountants. Notwithstanding anything to the contrary in this Section 6.10, none of Holdings nor any Restricted Subsidiary will
be required to disclose or permit the inspection or discussion of, any document, information or other matter (i) that constitutes
trade secrets or proprietary information, (ii) in respect of which disclosure to the Administrative Agent or any Lender (or their
respective representatives or contractors) is prohibited by Law or any binding agreement or (iii) that is subject to attorney client
or similar privilege or constitutes attorney work product.

 

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Section 6.11           Use
of Proceeds. The Borrower will use the proceeds of the Initial Term Loans, together with the proceeds of the Equity Contribution,
the First Lien Term Facility and the proceeds of any borrowings under the ABL Credit Agreement, to (i) finance the Transactions
(including working capital and/or purchase price adjustments), (ii) pay the Transaction Costs and (iii) finance the working
capital needs of the Borrower and the Restricted Subsidiaries and for capital expenditures and other general corporate purposes of the
Borrower and the Restricted Subsidiaries (including Permitted Investments and Restricted Payments).

 

Section 6.12           Covenant
to Guarantee Obligations and Give Security.

 

Upon
the formation or acquisition of any new wholly owned Domestic Subsidiary by any Loan Party (provided that each of (i) any
Subsidiary Redesignation resulting in an Unrestricted Subsidiary becoming a Restricted Subsidiary that is a Domestic Subsidiary and (ii) any
Excluded Subsidiary ceasing to be an Excluded Subsidiary but remaining a Restricted Subsidiary and a Domestic Subsidiary (including a
FSHCO ceasing to be a FSHCO or designation of an Excluded Subsidiary as a Guarantor) shall be deemed to constitute the acquisition
of a Domestic Subsidiary for all purposes of this Section 6.12), and upon the acquisition of any property (other than (x) Excluded
Property and real property that is not Material Real Property and (y) U.S. intellectual property that is not registered with, or
that is not the subject of an application for registration with, the United States Patent and Trademark Office or United States Copyright
Office) by any Loan Party, which property, in the reasonable judgment of the Administrative Agent, is not already subject to a perfected
Lien in favor of the Collateral Agent for the benefit of the Secured Parties (and where such a perfected Lien would be required in accordance
with the terms of the Collateral Documents or other Loan Documents), subject to the Term Loan Intercreditor Agreement, the Borrower shall,
at the Borrower’s expense:

 

(i)            in
connection with such formation or acquisition of a Domestic Subsidiary within 90 days after such formation or acquisition or such longer
period as the Collateral Agent may agree in its reasonable discretion, cause each such Subsidiary that is not an Excluded Subsidiary
to duly execute and deliver to the Collateral Agent a guaranty or guaranty supplement, in form and substance reasonably satisfactory
to the Collateral Agent, guaranteeing the Obligations and a joinder or supplement to the applicable Collateral Documents, and (if not
already so delivered) deliver certificates (or the foreign equivalent thereof, as applicable) representing the Equity Interests of each
such Subsidiary (if any) held by the applicable Loan Party accompanied by undated stock powers or other appropriate instruments of transfer
executed in blank and instruments evidencing the Indebtedness owing by such Subsidiary to any Loan Party indorsed in blank to the Collateral
Agent, in each case to the extent required to be delivered pursuant to the Collateral Documents, together with, if requested by the Collateral
Agent, supplements to the Security Agreement; provided that any Excluded Property shall not be required to be pledged as Collateral,

 

(ii)            within
90 days (or, with respect to the Mortgages and related deliverables, within 120 days) after such formation or acquisition of any such
property or any request therefor by the Collateral Agent (or such longer period, as the Collateral Agent may agree in its reasonable
discretion) duly execute and deliver, and cause each such Domestic Subsidiary that is not an Excluded Subsidiary to duly execute and
deliver, to the Collateral Agent one or more Mortgages (and other documentation and instruments referred to in Section 6.14) (with
respect to Material Real Properties only), Security Agreement Supplements, Intellectual Property Security Agreement Supplements,
as specified by and in form and substance reasonably satisfactory to the Collateral Agent (consistent, to the extent applicable, with
the Security Agreement, the Intellectual Property Security Agreement, the Mortgages and the other Collateral Documents (and Section 6.14)),
securing payment of all the Obligations (provided that to the extent any property to be subject to a Mortgage is located in a
jurisdiction which imposes mortgage recording taxes, intangibles tax, documentary tax or similar recording fees or taxes, the relevant
Mortgage shall not secure an amount in excess of the Fair Market Value of such property subject thereto) of the applicable Loan Party
or such Subsidiary, as the case may be, under the Loan Documents and establishing Liens on all such properties or property; provided
that such properties or property shall not be required to be pledged as Collateral, and no Security Agreement Supplements, Intellectual
Property Security Agreement Supplements or other Collateral Documents shall be required to be delivered in respect thereof, to the extent
that any such properties or property constitute Excluded Property,

 

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(iii)            within
90 days (or, with respect to the Mortgages and related deliverables, within 120 days) after such request, formation or acquisition, or
such longer period, as the Collateral Agent may agree in its reasonable discretion, take, and cause each such Domestic Subsidiary that
is not an Excluded Subsidiary and each applicable Loan Party to take, whatever action (including the recording of Mortgages (with respect
to Material Real Properties only), the filing of UCC financing statements, the giving of notices, the delivery of stock and membership
interest certificates or foreign equivalents representing the applicable Capital Stock) as may be necessary or advisable in the reasonable
opinion of the Collateral Agent to vest in the Collateral Agent (or in any representative of the Collateral Agent designated by it),
subject to the Legal Reservations and Section 5.03, valid and subsisting Liens on the properties purported to be subject to the
Mortgages, Security Agreement Supplements, Intellectual Property Security Agreement Supplements, supplements to other Collateral
Documents and security agreements delivered pursuant to this Section 6.12, in each case to the extent required under the Loan Documents
and subject to the Perfection Exceptions, enforceable against all third parties in accordance with their terms,

 

(iv)            within
90 days (or, with respect to the Mortgages and related deliverables, within 120 days) after the request of the Collateral Agent, or such
longer period as the Collateral Agent may agree in its reasonable discretion, deliver to the Collateral Agent, Organization Documents,
resolutions and a signed copy of one or more customary opinions, addressed to the Collateral Agent and the other Secured Parties, of
counsel for the Loan Parties (or the Collateral Agent, as applicable) reasonably acceptable to the Collateral Agent as to such matters
as the Collateral Agent may reasonably request (limited, in the case of any opinions of local counsel to Loan Parties constituting material
Subsidiary Guarantors in jurisdictions in which any Mortgaged Property is located, to opinions relating to Material Real Property),

 

(v)            within
90 days (or, with respect to the Mortgages and related deliverables, within 120 days) after the request of the Collateral Agent, or such
longer period as the Collateral Agent may agree in its reasonable discretion, deliver to the Collateral Agent with respect to each Material
Real Property that is the subject of such request and subject to a Mortgage, title reports in scope, form and substance reasonably satisfactory
to the Collateral Agent (but only to the extent such reports exist and are in the possession of the relevant Loan Party or can reasonably
be obtained), fully paid American Land Title Association Lender’s title insurance policies or the equivalent or other form available
in the applicable jurisdiction in form and substance, with endorsements as provided in Section 6.14 and in amounts, reasonably acceptable
to the Collateral Agent (not to exceed the value of the Material Real Properties covered thereby and subject to any tie-in coverage available),
and

 

(vi)            at
any time and from time to time, promptly execute and deliver any and all further instruments and documents and take all such other action
as the Collateral Agent in its reasonable judgment may deem necessary or desirable in obtaining the full benefits of, or in perfecting
and preserving the Liens of, such guaranties, Mortgages, Security Agreement Supplements, Intellectual Property Security Agreement
Supplements, Collateral Documents and security agreements, in each case to the extent required under the Loan Documents and subject to
the Perfection Exceptions.

 

Notwithstanding anything
to the contrary in this Agreement or any other Loan Document, in the event that a Foreign Subsidiary becomes a Guarantor, such Loan Party
shall grant a valid and enforceable Lien on its assets pursuant to arrangements reasonably agreed between the Administrative Agent and
the Borrower, subject to the Legal Reservations and to customary limitations in such jurisdiction as may be reasonably agreed between
the Administrative Agent and the Borrower, and, except as otherwise agreed between the Administrative Agent and the Borrower, nothing
in the definition of “Excluded Assets” or other limitation in this Agreement shall be construed to prevent such Foreign Subsidiary
from becoming a Guarantor or granting a lien on its assets or a pledge of the Equity Interests issued by such Foreign Subsidiary, in
each case, on account of such Guarantor constituting a Foreign Subsidiary.

 

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Notwithstanding anything
to the contrary contained herein or in any other Loan Document, in no event shall any security documentation governed by the laws of
a jurisdiction other than the United States or any state thereof or the District of Columbia be required in respect of the assets or
Equity Interests issued by the U.S. Obligors.

 

Prior to the First Lien Termination
Date, (i) any possessory collateral required to be delivered to the Collateral Agent shall be deemed to be delivered to the Collateral
Agent if the same has been delivered to the First Lien Administrative Agent, acting as gratuitous bailee of the Collateral Agent and
(ii) any consent, judgment or discretion set forth above or in the definition of “Excluded Subsidiary”, “Excluded
Assets”, or Section 6.14 below that may be exercised by the Administrative Agent or Collateral Agent shall be deemed to be
exercised in the same manner as the consent, judgment or discretion of the First Lien Administrative Agent upon receipt of notice thereof
by the Administrative Agent or Collateral Agent, as applicable.

 

Section 6.13           Compliance
with Environmental Laws. Except, in each case, to the extent that the failure to do so would not reasonably be expected to have a
Material Adverse Effect, (i) comply, and make all reasonable efforts to cause all lessees and other Persons operating or occupying
its properties to comply with all Environmental Laws and Environmental Permits; (ii) obtain, maintain and renew all applicable Environmental
Permits necessary for its operations and properties; and (iii) to the extent required under Environmental Laws, conduct any investigation,
mitigation, study, sampling and testing, and undertake any cleanup, removal or remedial, corrective or other action necessary to respond
to and remove and clean up all Hazardous Materials from any of its properties, in accordance with the requirements of all Environmental
Laws.

 

Section 6.14           Further
Assurances. Promptly upon request by the Administrative Agent, or the Collateral Agent or any Lender through the Administrative Agent,
and subject to the limitations described in Section 6.12 and the Term Loan Intercreditor Agreement, (i) correct any material
defect or error that may be discovered in any Loan Document or other document or instrument relating to any Collateral or in the execution,
acknowledgment, filing or recordation thereof and (ii) do, execute, acknowledge, deliver, record, re-record, file, re-file, register
and re-register any and all such further acts, deeds, certificates, assurances and other instruments as the Administrative Agent, or
the Collateral Agent or any Lender through the Administrative Agent, may reasonably require from time to time in order to grant, preserve,
protect and continue the validity, perfection and priority of the security interests created or intended to be created by the Collateral
Documents, in each case to the extent required under the Loan Documents and subject to the Perfection Exceptions. By the date that is
120 days after the Closing Date or 120 days after the acquisition of any Mortgaged Property following the Closing Date, as such time
period may be extended in the Collateral Agent’s reasonable discretion, the Borrower shall, and shall cause each Restricted Subsidiary
to, deliver to the Collateral Agent;

 

(i)            a
Mortgage with respect to each Mortgaged Property, together with evidence each such Mortgage has been duly executed, acknowledged and
delivered by a duly authorized officer of each Loan Party party thereto on or before such date in a form suitable for filing and recording
in all appropriate local filing or recording offices that the Collateral Agent may deem reasonably necessary or desirable in order to
create a valid and subsisting perfected Lien on the property described therein in favor of the Collateral Agent for the benefit of the
Secured Parties, subject only to Permitted Liens, and that all filing and recording taxes and fees have been paid or otherwise provided
for in a manner reasonably satisfactory to the Collateral Agent; provided that to the extent any property to be subject to a Mortgage
is located in a jurisdiction that imposes mortgage recording taxes, intangibles tax, documentary tax or similar recording fees or taxes,
the relevant Mortgage shall not secure an amount in excess of the Fair Market Value of such property subject thereto;

 

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(ii)            fully
paid American Land Title Association or equivalent Lender’s title insurance policies or marked up unconditional binder for such
insurance (the “Mortgage Policies”) in form and substance reasonably requested by Collateral Agent, with endorsements
reasonably requested by Collateral Agent, in amounts reasonably acceptable to the Collateral Agent (not to exceed the Fair Market Value
of the Material Real Properties covered thereby and subject to any tie-in coverage available), issued, coinsured and reinsured by title
insurers reasonably acceptable to the Collateral Agent;

 

(iii)           American
Land Title Association/American Congress on Surveying and Mapping form surveys, for which all necessary fees (where applicable) have
been paid, certified to the Collateral Agent and the issuer of the Mortgage Policies in a manner reasonably satisfactory to the Collateral
Agent by a land surveyor duly registered and licensed in the state in which the property described in such surveys is located and reasonably
acceptable to the Collateral Agent; provided that new or updated surveys will not be required if an existing survey, ExpressMap
or other similar documentation is available and is sufficient for the title company issuing such Mortgage Policy to remove the general
survey exception and issue the survey related endorsements without the need for such new or updated surveys;

 

(iv)           in
each case with respect to any Material Real Property, customary opinions of local counsel to the Loan Parties in jurisdictions in which
the Mortgaged Property is located, with respect to the enforceability and perfection of the Mortgages and, if applicable any related
fixture filings, in form and substance reasonably satisfactory to the Collateral Agent;

 

(v)            customary
opinions of counsel to the Loan Parties in the states in which the Loan Parties party to the Mortgages are organized or formed, with
respect to the valid existence, corporate power and authority of such Loan Parties in the granting of the Mortgages, in form and substance
reasonably satisfactory to the Collateral Agent;

 

(vi)           with
respect to each improved Mortgaged Property, a “Life-of Loan” Federal Emergency Management Agency Standard Flood Hazard Determination;

 

(vii)          evidence
that all other actions reasonably requested by the Administrative Agent, that are necessary in order to create valid and subsisting Liens
on the property described in the Mortgage, have been taken; and

 

(viii)         evidence
that all documented and invoiced fees, costs and expenses have been paid in connection with the preparation, execution, filing and recordation
of the Mortgages, including reasonable attorneys’ fees, filing and recording fees, title insurance company coordination fees, documentary
stamp, mortgage and intangible taxes and title search charges and other charges incurred in connection with the recordation of the Mortgages
and the other matters described in this Section 6.14 and as otherwise required to be paid in connection therewith under Section 10.04.

 

Section 6.15           [Reserved].

 

Section 6.16           Post-Closing
Undertakings. Within the time periods specified on Schedule 6.16 hereto (as each may be extended by the Administrative Agent
in its reasonable discretion), provide such Collateral Documents and complete such undertakings as are set forth on Schedule 6.16
hereto.

 

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Section 6.17           No
Change in Line of Business. Continue to engage in substantially similar lines of business as those lines of business conducted by
the Borrower and the Restricted Subsidiaries on the date hereof including any business reasonably related, complementary, synergistic
or ancillary thereto or reasonable extensions thereof.

 

Section 6.18           Transactions
with Affiliates. (a) Not make any payment to, or sell, lease, transfer or otherwise dispose of any of its properties or assets
to, or purchase any property or assets from, or enter into or make or amend any transaction or series of transactions, contract, agreement,
understanding, loan, advance or guarantee with, or for the benefit of, any Affiliate of the Borrower involving aggregate consideration
in excess of the greater of $38,750,000 and 18.75% of Consolidated EBITDA of the Group Parties (each of the foregoing, an “Affiliate
Transaction”), unless such Affiliate Transaction is on terms that are not materially less favorable to the Borrower or the
relevant Restricted Subsidiary than those that could have been obtained in a comparable transaction by Holdings or such Restricted Subsidiary
with an unrelated Person on an arm’s length basis.

 

(b)            The
provisions of Section 6.18 shall not apply to the following:

 

(1)            (a) transactions
between or among the Loan Parties and/or any of the Restricted Subsidiaries (or an entity that becomes a Restricted Subsidiary as a result
of such transaction) and (b) any merger, amalgamation or consolidation of the Borrower and Holdings or any Parent Holding Company;
provided that such parent entity shall have no material liabilities and no material assets (other than cash, Cash Equivalents
and the Capital Stock of the Borrower or Holdings, as applicable) and such merger, amalgamation or consolidation is otherwise in compliance
with the terms of this Agreement and effected for a bona fide business purpose;

 

(2)            (a) Restricted
Payments permitted by Section 7.05 and (b) Permitted Investments (other than Permitted Investments under clause (13) of the
definition thereof);

 

(3)            transactions
in which the Borrower or any Restricted Subsidiary, as the case may be, delivers to the Administrative Agent a letter from an Independent
Financial Advisor stating that such transaction is fair to the Borrower or such Restricted Subsidiary from a financial point of view
or meets the requirements of Section 6.18(a)(i);

 

(4)            payments,
loans, advances or guarantees (or cancellation of loans, advances or guarantees) to employees, officers, directors, managers, consultants
or independent contractors for bona fide business purposes or in the ordinary course of business;

 

(5)            any
agreement or arrangement as in effect as of the Closing Date (other than the Management Agreement) or as thereafter amended, supplemented
or replaced (so long as such amendment, supplement or replacement agreement is not materially disadvantageous (as determined in good
faith by the management of the Borrower) to the Lenders when taken as a whole as compared to the original agreement or arrangement as
in effect on the Closing Date) or any transaction or payments contemplated thereby;

 

(6)            (i) the
payment of management, monitoring, consulting, transaction, termination, exit, oversight, advisory and similar fees to Sponsor and (ii) the
payment or reimbursement of all indemnification obligations and expenses owed to Sponsor and its directors, officers, members of management,
managers, employees and consultants, in each case of clauses (i) and (ii) of this clause (6) whether currently due or
paid in respect of accruals from prior periods;

 

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(7)            the
existence of, or the performance by the Borrower or any of its Restricted Subsidiaries of its obligations under the terms of, any stockholders
or similar agreement (including any registration rights agreement or purchase agreement related thereto) to which it is a party as of
the Closing Date or similar transactions, arrangements or agreements which it may enter into thereafter; provided, however,
that the existence of, or the performance by the Borrower or any of its Restricted Subsidiaries of its obligations under, any future
amendment to any such existing transaction, arrangement or agreement or under any similar transaction, arrangement or agreement entered
into after the Closing Date shall only be permitted by this clause (7) to the extent that the terms of any such existing transaction,
arrangement or agreement, together with all amendments thereto, taken as a whole, or new transaction, arrangement or agreement are not
otherwise disadvantageous (as determined in good faith by the management of the Borrower) to the Lenders, in any material respect when
taken as a whole as compared with the original transaction, arrangement or agreement as in effect on the Closing Date;

 

(8)            transactions
with customers, clients, suppliers or purchasers or sellers of goods or services, in each case, in the ordinary course of business and
otherwise in compliance with the terms of this Agreement, which are fair to the Borrower and the Restricted Subsidiaries or are on terms
at least as favorable as might reasonably have been obtained at such time from an unaffiliated party (as determined in good faith by
the management of the Borrower);

 

(9)            any
transaction effected as part of a Qualified Receivables Financing;

 

(10)          the
sale, issuance or transfer of Equity Interests (other than Disqualified Stock) of the Borrower;

 

(11)          payments
by the Borrower or any of its Restricted Subsidiaries to the Sponsor made for any financial advisory, financing, underwriting or placement
services or in respect of other investment banking activities, including, without limitation, in connection with acquisitions or divestitures;

 

(12)          any
contribution to the capital of the Borrower (other than Disqualified Stock) or any investments by the Sponsor or a direct or indirect
parent of the Borrower in Equity Interests (other than Disqualified Stock) of the Borrower (and payment of reasonable out-of-pocket expenses
incurred by the Sponsor or a direct or indirect parent of the Borrower in connection therewith);

 

(13)          any
transaction with a Person (other than an Unrestricted Subsidiary) that would constitute an Affiliate Transaction solely because the Borrower
or a Restricted Subsidiary owns an Equity Interest in or otherwise controls such Person; provided that no Affiliate of the Borrower
or any of its Subsidiaries (other than the Borrower or a Restricted Subsidiary) shall have a beneficial interest or otherwise participate
in such Person;

 

(14)          transactions
between the Borrower or any of its Restricted Subsidiaries and any Person that would constitute an Affiliate Transaction solely because
such Person is a director or such Person has a director which is also a director of the Borrower or any direct or indirect parent of
the Borrower; provided, however, that such director abstains from voting as a director of the Borrower or such direct or
indirect parent of the Borrower, as the case may be, on any matter involving such other Person;

 

(15)          the
entering into of any tax sharing agreement or arrangement and any payments pursuant thereto, in each case to the extent permitted by
clauses (13) or (14)(e) of the second paragraph under Section 7.05;

 

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(16)          transactions
to effect (x) the Transactions and payment of all fees and expenses related to the Transactions and (y) any Transition Arrangements;

 

(17)          pledges
of Equity Interests of Unrestricted Subsidiaries;

 

(18)          the
issuances of securities or other payments, awards or grants in cash, securities or otherwise pursuant to, or the funding of, employment
arrangements, equity purchase agreements, stock options and stock ownership plans or similar employee benefit plans approved by the Board
of Directors of the Borrower, Holdings or any Parent Holding Company or of a Restricted Subsidiary, as appropriate, in good faith;

 

(19)          (i) any
employment, consulting, service or termination agreement, or customary indemnification arrangements, entered into by the Borrower or
any of its Restricted Subsidiaries with current, former or future officers, directors, employees, managers, consultants and independent
contractors of the Borrower or any of its Restricted Subsidiaries (or of any direct or indirect parent of the Borrower to the extent
such agreements or arrangements are in respect of services performed for the Borrower or any of the Restricted Subsidiaries), (ii) any
subscription agreement or similar agreement pertaining to the repurchase of Equity Interests pursuant to put/call rights or similar rights
with current, former or future officers, directors, employees, managers, consultants and independent contractors of the Borrower or any
of its Restricted Subsidiaries or of any direct or indirect parent of the Borrower and (iii) any payment of compensation or other
employee compensation, benefit plan or arrangement, any health, disability or similar insurance plan which covers officers, directors,
employees, managers, consultants and independent contractors of the Borrower or any of its Restricted Subsidiaries or any direct or indirect
parent of the Borrower (including amounts paid pursuant to any management equity plan or any other management or employee benefit plan
or agreement or any stock subscription or shareholder agreement, stock option or similar plans and any successor plan thereto and any
supplemental executive retirement benefit plans or arrangements), in each case in the ordinary course of business or as otherwise approved
in good faith by the Board of Directors of the Borrower, Holdings or any Parent Holding Company or of a Restricted Subsidiary or a direct
or indirect parent of the Borrower, as appropriate;

 

(20)          investments
by Affiliates in Indebtedness or preferred Equity Interests of the Borrower or any of its Subsidiaries, so long as non-Affiliates were
also offered the opportunity to invest in such Indebtedness or preferred Equity Interests, and transactions with Affiliates solely in
their capacity as holders of Indebtedness or preferred Equity Interests of the Borrower or any of its Subsidiaries, so long as such transaction
is with all holders of such class (and there are such non-Affiliate holders) and such Affiliates are treated no more favorably than all
other holders of such class generally;

 

(21)          the
existence of, or the performance by the Borrower or any of its Restricted Subsidiaries of their obligations under the terms of, any registration
rights agreement to which they are a party or become a party in the future;

 

(22)          investments
by the Sponsor or a direct or indirect parent of the Borrower in securities of the Borrower or any Restricted Subsidiary (and payment
of reasonable out-of-pocket expenses incurred by the Sponsor or a direct or indirect parent of the Borrower in connection therewith);

 

(23)          transactions
with joint ventures for the purchase or sale of goods, equipment and services entered into in the ordinary course of business;

 

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(24)          any
lease entered into between the Borrower or any Restricted Subsidiary, as lessee, and any Affiliate of the Borrower, as lessor, in the
ordinary course of business;

 

(25)          (i) intellectual
property licenses and (ii) intercompany intellectual property licenses and research and development agreements in the ordinary course
of business;

 

(26)          transactions
approved by a majority of the Disinterested Directors of the Board of Directors of the Borrower, Holdings or any Parent Holding Company;

 

(27)          transactions
pursuant to, and complying with, Section 7.03;

 

(28)          intercompany
transactions undertaken in good faith for the purpose of improving the consolidated tax efficiency of the Borrower and the Restricted
Subsidiaries and not for the purpose of circumventing any covenant set forth herein, provided that, after giving effect to any such transactions,
the security interest of the Collateral Agent in the Collateral, taken as a whole, is not materially impaired or reduced (in each case,
as determined by the management of the Borrower in good faith); or

 

(29)          transactions
constituting any part of a Permitted Reorganization or a Permitted IPO Reorganization.

 

Section 6.19           Accounting
Changes. Maintain its fiscal year; provided, however, that (a) the Borrower, Holdings or any Restricted Subsidiary thereof
may upon written notice to the Administrative Agent, change its fiscal year to any other fiscal year reasonably acceptable to the Administrative
Agent and (b) any Restricted Subsidiary may change its fiscal year to the same fiscal year as the Borrower, and in each such case
of clause (a) or clause (b), the Borrower and the Administrative Agent will, and are hereby authorized by the Lenders
to, make any amendments to this Agreement that are necessary, in the judgment of the Administrative Agent and the Borrower, to reflect
such change in fiscal year.

 

Section 6.20           FACA
Requirement. With respect to any Government Contract that is for an amount in excess of $9,000,000, subject to the Term Loan Intercreditor
Agreement and at the request of the Administrative Agent, after the occurrence and during the continuance of an Event of Default, the
Loan Parties shall promptly execute and deliver to the Collateral Agent the applicable FACA Requirement Documents with respect to such
Government Contract. The Collateral Agent shall file, with the appropriate Governmental Authority, all FACA Requirement Documents required
to be delivered to the Collateral Agent pursuant to the terms of this Agreement after the occurrence and during the continuance of an
Event of Default and the Loan Parties shall cooperate with the Collateral Agent to facilitate such a filing. The covenants of the Loan
Parties set forth in this Section 6.20 are referred to herein as the “FACA Requirement”.

 

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ARTICLE VII.

Negative Covenants

 

So long as the Termination
Conditions have not been satisfied, (A) except with respect to Section 7.09, the Borrower shall not, nor shall it permit any
other Restricted Subsidiary to, directly or indirectly and (B) with respect to Section 7.09, Holdings shall not:

 

Section 7.01           Indebtedness.
Directly or indirectly, Incur any Indebtedness (including Acquired Indebtedness) or issue any shares of Disqualified Stock, and
the Borrower will not permit any of its Restricted Subsidiaries to issue any shares of Preferred Stock other than Indebtedness (including
Acquired Indebtedness), Disqualified Stock or Preferred Stock of the Borrower or any Restricted Subsidiary (“Incremental Equivalent
Debt”) in an amount equal to, without duplication, the amount of Indebtedness that could be Incurred under (and in lieu of)
(i) the Cash-Capped Incremental Facility (such Incremental Equivalent Debt the “Incremental Equivalent Cash Component Debt”),
(ii) the Prepayment-Based Incremental Facility (such Incremental Equivalent Debt the “Incremental Equivalent Prepayment
Component Debt”) and/or (iii) (I) the Ratio-Based Incremental Facility, plus (II) an unlimited amount,
so long as with respect to any such Indebtedness secured by all or any portion of the Collateral by Liens that are senior to the Liens
securing the Obligations, (x) the Consolidated First Lien Net Leverage Ratio does not exceed 4.25 to 1.00 or (y) if such Indebtedness
is Incurred in connection with an Investment, the Consolidated First Lien Net Leverage Ratio does not exceed the greater of (I) 4.25
to 1.00 and (II) the Consolidated First Lien Net Leverage Ratio immediately prior to the consummation of such Investment (such Incremental
Equivalent Debt Incurred under this clause (iii), the “Incremental Equivalent Ratio Component Debt”); provided
that, in the case of any Incremental Equivalent Debt Incurred by any Loan Party, (v) the Initial Term Loans shall have the benefit
of the MFN Adjustment with respect to any Incremental Equivalent Debt in the form of term loans denominated in Dollars that is secured
by Liens on the Collateral that are pari passu with the Liens on the Collateral securing the Initial Term Loans and that has a
final maturity date that is on or prior to the date that is one year after the Maturity Date of the Initial Term Loans to the same extent
as if such Incremental Equivalent Debt were a New Term Facility, (w) except in the case of Permitted First Lien Debt, Senior Lien
Debt, Extendable Bridge Loans or Permitted Earlier Maturity Debt, such Incremental Equivalent Debt shall have a final maturity no earlier
than the Latest Maturity Date of the Initial Term Loan Facility and shall have Weighted Average Life to Maturity no shorter than that
of the Initial Term Loan Facility, (x) shall not be Guaranteed by any Subsidiary of the Borrower that is not a Guarantor under the
Initial Term Loan Facility (and to the extent such Incremental Equivalent Debt is secured by the Collateral, or subordinated in right
of payment or security, such New Term Facility shall be subject to a Market Intercreditor Agreement) and (y) may share (I) on
a greater than pro rata basis, pro rata basis or less than pro rata basis with voluntary prepayments or repayments in respect of the
existing Term Loans and (II) on a pro rata basis or less than pro rata basis (but not greater than pro rata basis (other
than in the case of prepayment with Refinancing Indebtedness)) with mandatory prepayments or repayments in respect of the existing Term
Loans.

 

The foregoing limitations
will not apply to (collectively, “Permitted Debt”):

 

(a)            (v) Indebtedness
arising under the Loan Documents including any refinancing thereof in accordance with Section 2.18, (w) Indebtedness of the
Loan Parties evidenced by Refinancing Notes and any Permitted Refinancing thereof (or successive Permitted Refinancings thereof), (x) Indebtedness
of the Loan Parties evidenced by New Incremental Notes and any Permitted Refinancing thereof (or successive Permitted Refinancings thereof),
(y) Specified Refinancing Debt and any Permitted Refinancing thereof (or successive Permitted Refinancings thereof) and (z) Permitted
Debt Exchange Notes and any Permitted Refinancing thereof (or successive Permitted Refinancings thereof);

 

(b)            Indebtedness
Incurred under the ABL Credit Agreement by the ABL Loan Parties consisting of Permitted ABL Debt, and any Permitted Refinancing thereof
(or successive Permitted Refinancings thereof);

 

(c)            Indebtedness
of the Borrower and its Restricted Subsidiaries that is existing on the Closing Date and, in the case of Indebtedness in excess of $16,000,000,
listed on Schedule 7.01;

 

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(d)            Indebtedness
(including, without limitation, Capitalized Lease Obligations and mortgage financings as purchase money obligations) Incurred by the
Borrower or any of its Restricted Subsidiaries, Disqualified Stock issued by the Borrower or any of its Restricted Subsidiaries and Preferred
Stock issued by any Restricted Subsidiaries to finance all or any part of the purchase, lease, construction, installation, repair or
improvement of property (real or personal), plant or equipment or other fixed or capital assets (whether through the direct purchase
of assets or the Equity Interests of any Person owning such assets) and Indebtedness arising from the conversion of the obligations of
the Borrower or any Restricted Subsidiary under or pursuant to any “synthetic lease” transactions to on-balance sheet Indebtedness
of the Borrower or such Restricted Subsidiary, in an aggregate principal amount or liquidation preference, including all Indebtedness
Incurred and Disqualified Stock or Preferred Stock issued to renew, refund, refinance, replace, defease or discharge any Indebtedness
Incurred or Disqualified Stock or Preferred Stock issued pursuant to this clause (d), not to exceed the greater of (x) $77,500,000
and (y) 37.5% of Consolidated EBITDA of the Group Parties, at any one time outstanding, plus, in the case of any refinancing
of any Indebtedness permitted under this clause (d) or any portion thereof, the aggregate amount of Incremental Amounts Incurred
in connection with such refinancing; provided that Capitalized Lease Obligations Incurred by the Borrower or any Restricted Subsidiary
pursuant to this clause (d) in connection with a Sale/Leaseback Transaction shall not be subject to the foregoing limitation so
long as the proceeds of such Sale/Leaseback Transaction are used by the Borrower or such Restricted Subsidiary to permanently repay outstanding
Term Loans under this Agreement or other Indebtedness that is secured by pari passu Liens on the Collateral;

 

(e)            Indebtedness
Incurred by the Borrower or any of its Restricted Subsidiaries constituting reimbursement obligations with respect to letters of credit
or bank guarantees or similar instruments issued in the ordinary course of business, including, without limitation, (i) letters
of credit or performance or surety bonds in respect of workers’ compensation claims, health, disability or other employee benefits
(whether current or former) or property, casualty or liability insurance or self-insurance, or other Indebtedness with respect to reimbursement-type
obligations regarding workers’ compensation claims, health, disability or other employee benefits (whether current or former) or
property, casualty or liability insurance and (ii) guarantees of Indebtedness Incurred by customers in connection with the purchase
or other acquisition of equipment or supplies in the ordinary course of business;

 

(f)            Indebtedness,
Disqualified Stock or Preferred Stock arising from agreements of the Borrower or the Restricted Subsidiaries providing for indemnification,
earn-outs, adjustment of purchase or acquisition price or similar obligations, in each case, Incurred in connection with the acquisition
or disposition of any business, assets or a Subsidiary of the Borrower in accordance with this Agreement, other than guarantees of Indebtedness
Incurred or Disqualified Stock or Preferred Stock issued by any Person acquiring all or any portion of such business, assets or Subsidiary
for the purpose of financing such acquisition;

 

(g)            Indebtedness
or Disqualified Stock of the Borrower owing to a Restricted Subsidiary; provided that such Indebtedness or Disqualified Stock
owing to a Non-Loan Party is subordinated in right of payment to the Borrower’s Obligations with respect to this Agreement pursuant
to the Intercompany Note;

 

(h)            shares
of Preferred Stock of a Restricted Subsidiary issued to the Borrower or another Restricted Subsidiary; provided that any subsequent
issuance or transfer of any Capital Stock or any other event that results in any Restricted Subsidiary that holds such shares of Preferred
Stock of another Restricted Subsidiary ceasing to be a Restricted Subsidiary or any other subsequent transfer of any such shares of Preferred
Stock (except to the Borrower or another Restricted Subsidiary) shall be deemed, in each case, to be an issuance of shares of Preferred
Stock not permitted by this clause (h);

 

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(i)            Indebtedness,
Disqualified Stock or Preferred Stock of a Restricted Subsidiary or the Borrower owing to the Borrower or another Restricted Subsidiary;
provided that if the Borrower or a Loan Party Incurs such Indebtedness, Disqualified Stock or Preferred Stock owing to a
Non-Loan Party, such Indebtedness, Disqualified Stock or Preferred Stock is subordinated in right of payment to the Borrower’s
Obligations or Guarantee of such Loan Party, as applicable, pursuant to the Intercompany Note;

 

(j)            obligations
under Swap Contracts and cash management services Incurred other than for speculative purposes;

 

(k)            obligations
(including reimbursement obligations with respect to letters of credit or bank guarantees or similar instruments) in respect of customs,
self-insurance, performance, bid, appeal and surety bonds and completion guarantees and similar obligations provided by the Borrower
or any Restricted Subsidiary;

 

(l)            Indebtedness
or Disqualified Stock of the Borrower or any Restricted Subsidiary and Preferred Stock of any Restricted Subsidiary in an aggregate principal
amount or liquidation preference that, when aggregated with the principal amount or liquidation preference of all other Indebtedness,
Disqualified Stock and Preferred Stock then outstanding and Incurred pursuant to this clause (l) (including, for the avoidance of
doubt, any General Debt Basket Reallocated Amount), does not exceed the greater of (x) $156,250,000 and (y) 75.0% of Consolidated
EBITDA of the Group Parties, at any one time outstanding (the “General Debt Basket”), plus, in the case of
any refinancing of any Indebtedness, Disqualified Stock or Preferred Stock permitted under this clause (l) or any portion thereof,
the aggregate amount of Incremental Amounts incurred in connection with such refinancing (it being understood that any Indebtedness Incurred
or Disqualified Stock or Preferred Stock issued pursuant to this clause (l) shall cease to be deemed Incurred, issued or outstanding
pursuant to this clause (l) but shall be deemed Incurred or issued and outstanding as Incremental Equivalent Ratio Component Debt
from and after the first date on which the Borrower or such Restricted Subsidiary, as the case may be, could have Incurred such Indebtedness
or issued such Disqualified Stock or Preferred Stock as Incremental Equivalent Ratio Component Debt (to the extent the Borrower or such
Restricted Subsidiary is able to Incur any Liens related thereto as Permitted Liens after such reclassification));

 

(m)            any
guarantee by the Borrower or a Restricted Subsidiary of Indebtedness or other obligations of the Borrower or any of its Restricted Subsidiaries
so long as the Incurrence of such Indebtedness or other obligations by the Borrower or such Restricted Subsidiary is permitted under
the terms of this Agreement;

 

(n)            the
Incurrence by the Borrower or any of its Restricted Subsidiaries of Indebtedness or Disqualified Stock, or Preferred Stock of a Restricted
Subsidiary, that serves to refund, refinance, replace, redeem, repurchase, retire or defease, in whole or in part, and is in an aggregate
principal amount (or if issued with original issue discount an aggregate issue price) that is equal to or less than, Indebtedness
Incurred or Disqualified Stock or Preferred Stock permitted under the first paragraph of this Section 7.01 or clause (c), (d), (l),
(n), (o), (r), (t), (cc), (dd), (gg) or (hh) of this Section 7.01, plus any additional Indebtedness Incurred or Disqualified Stock
or Preferred Stock issued to fund Incremental Amounts Incurred in connection therewith (subject to the following proviso, “Refinancing
Indebtedness”); provided, however, that such Refinancing Indebtedness:

 

(1)            except
with respect to Permitted First Lien Debt, Senior Lien Debt, Permitted Earlier Maturity Debt and Extendable Bridge Loans, has a Weighted
Average Life to Maturity at the time such Refinancing Indebtedness is Incurred that is not less than the remaining Weighted Average Life
to Maturity of the Indebtedness, Disqualified Stock or Preferred Stock being refunded, refinanced, replaced, redeemed, repurchased or
retired; provided that this clause (1) shall apply solely with respect to any Indebtedness Incurred pursuant to the first
paragraph of Section 7.01;

 

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(2)            the
Incurrence of any Refinancing Indebtedness shall not be deemed to refresh or increase capacity with respect to any clause under which
the Indebtedness being refinanced was originally Incurred;

 

(3)            to
the extent that such Refinancing Indebtedness refinances (i) Subordinated Indebtedness, such Refinancing Indebtedness is Subordinated
Indebtedness or (ii) Disqualified Stock or Preferred Stock, such Refinancing Indebtedness is Disqualified Stock or Preferred Stock,
respectively;

 

(4)            shall
not include (x) Indebtedness, Disqualified Stock or Preferred Stock of a Non-Loan Party that refinances Indebtedness, Disqualified
Stock or Preferred Stock of the Borrower or a Guarantor, or (y) Indebtedness or Disqualified Stock of the Borrower or Indebtedness,
Disqualified Stock or Preferred Stock of a Restricted Subsidiary that refinances Indebtedness, Disqualified Stock or Preferred Stock
of an Unrestricted Subsidiary; and

 

(5)            with
respect to any Refinancing Indebtedness Incurred by a Loan Party, to the extent that such Refinancing Indebtedness is secured, the Liens
securing such Refinancing Indebtedness have a Lien priority equal to or junior to the Indebtedness being refunded, refinanced, replaced,
redeemed, repurchased or retired;

 

provided
that sub-clause (1) and (2) will not apply to any refunding or refinancing of any secured Indebtedness;

 

(o)            (1) Indebtedness,
Disqualified Stock or Preferred Stock of any Person that is acquired by the Borrower or any of its Restricted Subsidiaries or merged
into or consolidated or amalgamated with the Borrower or a Restricted Subsidiary in accordance with the terms of this Agreement after
the Closing Date and (2) Indebtedness, Disqualified Stock or Preferred Stock of any Person assumed in anticipation of, or in connection
with, an acquisition of any assets, business or Person; provided that, in the case of each of sub-clauses (1) and (2), such
Indebtedness, Disqualified Stock or Preferred Stock was not Incurred or created in contemplation of such merger, consolidation, amalgamation
or acquisition;

 

(p)            Indebtedness
arising from the honoring by a bank or other financial institution of a check, draft or similar instrument drawn against insufficient
funds in the ordinary course of business;

 

(q)            Indebtedness
of the Borrower or any Restricted Subsidiary supported by a letter of credit or bank guarantee issued pursuant to any credit facility
permitted hereunder, so long as such letter of credit has not been terminated and is in a principal amount not in excess of 105% of the
stated amount of such letter of credit or bank guarantee;

 

(r)            Contribution
Indebtedness;

 

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(s)            Indebtedness,
Disqualified Stock or Preferred Stock of the Borrower or any Restricted Subsidiary consisting of (x) the financing of insurance
premiums or (y) take-or-pay obligations contained in supply arrangements, in each case, in the ordinary course of business;

 

(t)            Indebtedness,
Disqualified Stock or Preferred Stock of Non-Loan Parties in an aggregate principal amount not to exceed the greater of (x) $93,750,000
and (y) 43.75% of Consolidated EBITDA of the Group Parties, at any one time outstanding, plus, in the case of any refinancing
of any Indebtedness, Disqualified Stock or Preferred Stock permitted under this clause (t) or any portion thereof, the aggregate
amount of Incremental Amounts Incurred in connection with such refinancing, outstanding at any one time;

 

(u)            Indebtedness,
Disqualified Stock or Preferred Stock of a joint venture to the Borrower or a Restricted Subsidiary and to the other holders of Equity
Interests or participants of such joint venture, so long as the percentage of the aggregate amount of such Indebtedness, Disqualified
Stock or Preferred Stock of such joint venture owed to such holders of its Equity Interests or participants of such joint venture does
not exceed the percentage of the aggregate outstanding amount of the Equity Interests of such joint venture held by such holders or such
participant’s participation in such joint venture;

 

(v)            Indebtedness
Incurred or Disqualified Stock or Preferred Stock issued by a Receivables Subsidiary in a Qualified Receivables Financing that is not
recourse to the Borrower or any Restricted Subsidiary other than a Receivables Subsidiary (except for Standard Securitization Undertakings);

 

(w)           Indebtedness
owed on a short-term basis to banks and other financial institutions in the ordinary course of business of the Borrower and the Restricted
Subsidiaries with such banks or financial institutions that arises in connection with ordinary banking arrangements, including cash management,
cash pooling arrangements and related activities to manage cash balances of the Borrower and its Subsidiaries and joint ventures including
treasury, depository, overdraft, credit, purchasing or debit card, electronic funds transfer and other cash management arrangements and
Indebtedness in respect of netting services, overdraft protection, credit card programs, automatic clearinghouse arrangements and similar
arrangements;

 

(x)            Indebtedness,
Disqualified Stock or Preferred Stock consisting of Indebtedness, Disqualified Stock or Preferred Stock issued by the Borrower or any
Restricted Subsidiary to future, current or former officers, directors, managers, employees, consultants and independent contractors
thereof or any direct or indirect parent thereof, their respective Immediate Family Members, in each case to finance the purchase or
redemption of Equity Interests of the Borrower or any direct or indirect parent of the Borrower to the extent permitted under Section 7.05;

 

(y)            customer
deposits and advance payments received from customers for goods or services;

 

(z)            Indebtedness
Incurred by the Borrower or a Restricted Subsidiary in connection with bankers’ acceptances, discounted bills of exchange, warehouse
receipts or similar facilities or the discounting or factoring of receivables for credit management purposes;

 

(aa)          Indebtedness
Incurred pursuant to receivables factoring arrangements;

 

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(bb)         (i) guarantees
Incurred in the ordinary course of business in respect of obligations to suppliers, customers, franchisees, lessors, licensees, sub-licensees
and distribution partners and (ii)  Indebtedness Incurred by the Borrower or a Restricted Subsidiary as a result of leases
entered into by the Borrower or such Restricted Subsidiary or any Permitted Parent in the ordinary course of business;

 

(cc)          the
Incurrence by the Borrower or any Restricted Subsidiary of Indebtedness Incurred or Disqualified Stock or Preferred Stock issued on behalf
of, or representing guarantees of Indebtedness Incurred or Disqualified Stock or Preferred Stock issued by, joint ventures; provided
that the aggregate principal amount or liquidation preference, as applicable, of Indebtedness Incurred or guaranteed or Disqualified
Stock or Preferred Stock issued or guaranteed pursuant to this clause (cc) does not at any one time outstanding exceed the greater of
(x) $65,000,000 and (y) 31.25% of Consolidated EBITDA of the Group Parties, at any one time outstanding, plus, in the
case of any refinancing of any Indebtedness, Disqualified Stock or Preferred Stock permitted under this clause (cc) or any portion thereof,
the aggregate amount of Incremental Amounts incurred in connection with such refinancing;

 

(dd)         Indebtedness,
Disqualified Stock or Preferred Stock of the Borrower or a Restricted Subsidiary Incurred to finance or assumed in connection with an
acquisition of any assets (including Capital Stock), business or Person in an aggregate principal amount or liquidation preference that
does not exceed the greater of (x) $156,000,000 and (y) 75.0% of Consolidated EBITDA of the Group Parties, at any one time
outstanding, plus, in the case of any refinancing of any Indebtedness, Disqualified Stock or Preferred Stock permitted under this
clause (dd) or any portion thereof, the aggregate amount of Incremental Amounts incurred in connection with such refinancing;

 

(ee)          Indebtedness,
Disqualified Stock or Preferred Stock consisting of obligations of the Borrower or any Restricted Subsidiary under deferred compensation
or other similar arrangements Incurred by such Person in connection with any Permitted Investment;

 

(ff)           unfunded
pension fund and other employee benefit plan obligations and liabilities to the extent that they are permitted to remain unfunded under
applicable law;

 

(gg)         Indebtedness
of Non-Loan Parties to provide for working capital needs in an aggregate principal amount not to exceed the greater of (x) $77,500,000
and (y) 37.5% of Consolidated EBITDA of the Group Parties, at any one time outstanding, plus, in the case of any refinancing
of any Indebtedness, permitted under this clause (gg) or any portion thereof, the aggregate amount of Incremental Amounts Incurred in
connection with such refinancing, outstanding at any one time;

 

(hh)         Indebtedness
arising from Seller Notes;

 

(ii)            Indebtedness
in an aggregate principal amount equal to the aggregate amount of Restricted Payments that may be made pursuant to Section 7.05;
and

 

(jj)            Indebtedness
consisting of Permitted First Lien Debt or any Permitted Refinancing thereof and the aggregate amount of Incremental Amounts Incurred
in connection with such refinancing.

 

Accrual of interest or dividends,
the accretion of accreted value, the accretion or amortization of original issue discount, the payment of interest or dividends in the
form of additional Indebtedness with the same terms, the payment of dividends on Disqualified Stock or Preferred Stock in the form of
additional shares of Disqualified Stock or Preferred Stock of the same class, the accretion of liquidation preference and increases in
the amount of Indebtedness, Disqualified Stock or Preferred Stock outstanding solely as a result of fluctuations in the exchange rate
of currencies will not be deemed to be an Incurrence of Indebtedness or issuance of Disqualified Stock or Preferred Stock for purposes
of this Section 7.01. Guarantees of, or obligations in respect of letters of credit relating to, Indebtedness that are otherwise
included in the determination of a particular amount of Indebtedness shall not be included in the determination of such amount of Indebtedness;
provided that the Incurrence of the Indebtedness represented by such guarantee or letter of credit, as the case may be, was in
compliance with this Section 7.01.

 

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For purposes of determining
compliance with any U.S. dollar-denominated restriction on the Incurrence of Indebtedness or the issuance of Disqualified Stock or Preferred
Stock, the U.S. dollar-equivalent principal amount or liquidation preference, as applicable, of Indebtedness, Disqualified Stock or Preferred
Stock denominated in a foreign currency shall be calculated based on the relevant currency exchange rate in effect on the date such Indebtedness
was Incurred, in the case of term debt, or first committed or first Incurred (whichever yields the lower U.S. dollar-equivalent), in
the case of revolving credit debt or such Disqualified Stock or Preferred Stock was issued; provided that if such Indebtedness,
Disqualified Stock or Preferred Stock is Incurred to refinance other Indebtedness, Disqualified Stock or Preferred Stock denominated
in a foreign currency, and such refinancing would cause the applicable U.S. dollar-denominated restriction to be exceeded if calculated
at the relevant currency exchange rate in effect on the date of such refinancing, such U.S. dollar-denominated restriction shall be deemed
not to have been exceeded so long as the principal amount or liquidation preference, as applicable, of such Refinancing Indebtedness
does not exceed the principal amount or liquidation preference, as applicable, of such Indebtedness, Disqualified Stock or Preferred
Stock, as the case may be, being refinanced (plus Incremental Amounts Incurred in connection therewith).

 

The principal amount or liquidation
preference, as applicable, of any Indebtedness, Disqualified Stock or Preferred Stock, as the case may be, Incurred to refinance
other Indebtedness, Disqualified Stock or Preferred Stock, if Incurred in a different currency from the Indebtedness, Disqualified Stock
or Preferred Stock, as the case may be, being refinanced, shall be calculated based on the currency exchange rate applicable to the currencies
in which such respective Indebtedness, Disqualified Stock or Preferred Stock is denominated that is in effect on the date of such refinancing.

 

Section 7.02           Limitations
on Liens.

 

Permit
the Borrower or any of the Subsidiary Guarantors to, create, Incur or assume any Lien upon any property or assets of any
kind (real or personal, tangible or intangible) of the Borrower or any Subsidiary Guarantor, whether now owned or hereafter acquired
(each, a “Subject Lien”) that secures obligations under any Indebtedness, except:

 

(a)            in
the case of Subject Liens on any Collateral, such Subject Lien is a Permitted Lien; and

 

(b)            in
the case of any other asset or property, any Subject Lien if (i) the Obligations are equally and ratably secured with (or on a senior
basis to, in the case such Subject Lien secures any Junior Financing) the obligations secured by such Subject Lien or (ii) such
Subject Lien is a Permitted Lien.

 

Any Lien created for the
benefit of the Secured Parties pursuant to the preceding clause (b)(i) shall provide by its terms that such Lien shall be automatically
and unconditionally be released and discharged upon the release and discharge of the Subject Lien that gave rise to the obligation to
so secure the Obligations.

 

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Section 7.03           Fundamental
Changes. Merge, dissolve, liquidate, amalgamate, consolidate 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)            (i) any
Restricted Subsidiary of Holdings may merge, amalgamate, dissolve, liquidate or consolidate with the Borrower (including a merger, the
purpose of which is to reorganize the Borrower into a new jurisdiction in any State of the United States or the District of Columbia);
provided that the Borrower shall be the continuing or surviving Person or the surviving Person shall expressly assume the obligations
of the Borrower pursuant to documents reasonably acceptable to the Administrative Agent and the Borrower (or, if not the Borrower, the
surviving Person) and shall be a corporation or a limited liability company organized under the laws of the United States, any state
thereof or the District of Columbia and (ii) any Restricted Subsidiary may merge, amalgamate, dissolve, liquidate or consolidate
with any one or more other Restricted Subsidiaries;

 

(b)            the
Borrower or any Restricted Subsidiary may (if the validity, perfection and priority of the Liens securing the Obligations is not adversely
affected thereby) change its legal form if the Borrower determines in good faith that such action is in the best interest of the Borrower
and its Subsidiaries and is not disadvantageous to the Lenders in any material respect (it being understood that in the case of any dissolution
of a Restricted Subsidiary that is a Guarantor, such Subsidiary shall at or before the time of such dissolution transfer its assets to
another Restricted Subsidiary that is a Guarantor in the same jurisdiction or a different jurisdiction reasonably satisfactory to the
Administrative Agent unless such Disposition of assets is permitted hereunder; and in the case of any change in legal form, a Restricted
Subsidiary that is a Guarantor will remain a Guarantor unless such Guarantor is otherwise permitted to cease being a Guarantor hereunder);

 

(c)            any
Restricted Subsidiary may Dispose of all or substantially all of its assets (upon voluntary liquidation or otherwise) to the Borrower
or to any Restricted Subsidiary; provided that if the transferor in such a transaction is a Guarantor, then (i) the transferee
must either be the Borrower or be or become a Guarantor or (ii) to the extent constituting an Investment, such Investment must be
an Investment not prohibited hereunder; provided further that the Borrower may Dispose of all or substantially all of its assets
(upon voluntary liquidation or otherwise) to any other Loan Party;

 

(d)            any
Restricted Subsidiary may merge, amalgamate or consolidate with, or liquidate or dissolve into, any other Person in order to effect an
Investment; provided that (i) the continuing or surviving Person shall, to the extent required by the terms hereof, have
complied with the requirements of Section 6.12, (ii) to the extent constituting an Investment, such Investment must be an Investment
not prohibited hereunder and (iii) to the extent constituting a Disposition, such Disposition must be permitted hereunder;

 

(e)            the
Borrower and the other Restricted Subsidiaries may consummate the Transactions and any Transition Arrangements;

 

(f)            any
Restricted Subsidiary may merge, dissolve, liquidate, amalgamate, consolidate with or into another Person in order to effect a Disposition
permitted pursuant to Section 7.04; and

 

(g)            any
Investment may be structured as a merger, consolidation or amalgamation.

 

Section 7.04           Asset
Sales. Cause or make an Asset Sale of assets or property with a Fair Market Value in excess of the greater of (i) $38,750,000
and (ii) 18.75% of Consolidated EBITDA of the Group Parties per transaction (or series of related transactions), unless:

 

(1)            the
Borrower or any of its Restricted Subsidiaries, as the case may be, receives consideration (including by way of relief from, or by any
other person assuming responsibility for, any liabilities, contingent or otherwise) at the time of such Asset Sale at least equal to
the Fair Market Value (as determined at the time of contractually agreeing to such Asset Sale) of the assets sold or otherwise disposed
of; and

 

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(2)            except
in the case of a Permitted Asset Swap, at least 75% of the consideration received by the Borrower or such Restricted Subsidiary, as the
case may be, determined cumulatively for all Asset Sales pursuant to this Section 7.04 since the Closing Date, is in the form of
cash or Cash Equivalents or Replacement Assets; provided, that the amount of:

 

(a)            any
liabilities of the Borrower or such Restricted Subsidiary other than liabilities that are by their terms subordinated to the Obligations
or are otherwise extinguished in connection with the transactions relating to such Asset Sale, that are assumed by the transferee of
any such assets or Equity Interests or that are otherwise extinguished in connection with the transactions relating to such Asset Sale;

 

(b)            any
notes or other obligations or other securities or assets received by the Borrower or such Restricted Subsidiary from such transferee
that are converted by the Borrower or such Restricted Subsidiary into cash or Cash Equivalents, or by their terms are required to be
satisfied for cash or Cash Equivalents (to the extent of the cash or Cash Equivalents received) within 180 days of the receipt thereof;
and

 

(c)            any
Designated Non-Cash Consideration received by Holdings, the Borrower or any of its Restricted Subsidiaries in such Asset Sale having
an aggregate Fair Market Value, taken together with all other Designated Non-Cash Consideration received pursuant to this clause (c) that
is at that time outstanding, not to exceed the greater of (x) $65,000,000 and (y) 31.25% of Consolidated EBITDA of the Group
Parties, calculated at the time of the receipt of such Designated Non-Cash Consideration (with the Fair Market Value of each item of
Designated Non-Cash Consideration being measured at the time received and without giving effect to subsequent changes in value);

 

shall each be deemed to be Cash Equivalents
for the purposes of this clause (2) (the “General Asset Sale Basket”).

 

Within 18 months
after the Borrower’s or any Restricted Subsidiary’s receipt of the Net Cash Proceeds of any Asset Sale or Casualty Event
in respect of assets constituting Collateral (for the avoidance of doubt, without duplication of the prepayment thresholds set forth
in Section 2.05(b)(ii)) (such 18 month period, as it may be extended pursuant to the first succeeding proviso, the “Reinvestment
Period”), the Borrower or such Restricted Subsidiary may apply an amount equal to the Net Cash Proceeds from such Asset Sale
or such Casualty Event, at its option:

 

(i)               to
prepay Loans and other Permitted Debt in accordance with Section 2.05(b)(ii);

 

(ii)              to
make an investment in any one or more businesses, assets, or property or capital expenditures, in each case used or useful in a Similar
Business;

 

(iii)             to
make an investment in any one or more businesses, properties or assets that replace the businesses, properties and/or assets that are
the subject of such Asset Sale or Casualty Event; or

 

(iv)             any
combination of the foregoing;

 

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provided
that the Borrower and its Restricted Subsidiaries will be deemed to have complied with the provisions described in clause (ii) or
(iii) above if and to the extent that, within 18 months after the receipt of the Net Cash Proceeds generated by such Asset Sale,
the Borrower or such Restricted Subsidiary, as applicable, has entered into a binding agreement to make an investment in compliance with
the provision described in clauses (ii) and (iii) of this paragraph, and that investment is thereafter completed within 180
days after the end of such 18 month period; provided, further that the Borrower may elect to deem expenditures that otherwise
would be permissible applications of the Net Cash Proceeds that occur prior to receipt of the Net Cash Proceeds from such from such Asset
Sale or such Casualty Event to have been applied in accordance with the provisions hereof (it being agreed that such deemed expenditure
shall have been made no earlier than the earlier of (x) notice to the Administrative Agent of such intended Asset Sale (y) execution
of a definitive agreement for such Asset Sale, if applicable, and (z) consummation of such Asset Sale or Casualty Event).

 

Pending the final application
of any such amount of Net Cash Proceeds pursuant to Section 2.05(b)(ii) and this Section 7.04, the Borrower or such Restricted
Subsidiary may temporarily reduce Indebtedness under the ABL Facility, or otherwise invest or utilize such Net Cash Proceeds in any manner
not prohibited by this Agreement.

 

To the extent any Collateral
is sold, disposed of or distributed or to be sold, disposed of or distributed as part of or in connection with any transaction permitted
under this Section 7.04, in each case to a Person that is not a Loan Party, such Collateral shall be sold, disposed of or distributed
free and clear of any Liens created by the Loan Documents, and the Collateral Agent shall (and shall be authorized to) take any action
deemed appropriate to effect or evidence the foregoing.

 

Notwithstanding the foregoing,
neither the Borrower nor any of its Restricted Subsidiaries may transfer legal title to, or license on an exclusive basis, any intellectual
property or customer contracts owned by the Borrower or any restricted subsidiary that is, in the good faith determination of the Borrower,
material to the operation of the business of the Borrower and its Restricted Subsidiaries, taken as a whole (“Material Intellectual
Property or Contracts”) to any Unrestricted Subsidiary.

 

Section 7.05           Restricted
Payments. Directly or indirectly:

 

(1)            declare
or pay any dividend or make any payment or distribution on account of the Borrower’s or any of its Restricted Subsidiaries’
Equity Interests, including any payment made in connection with any merger, amalgamation or consolidation involving Holdings or the Borrower
(other than dividends or distributions by a Restricted Subsidiary so long as, in the case of any dividend or distribution payable
on or in respect of any class or series of securities issued by a Restricted Subsidiary other than a Wholly Owned Restricted Subsidiary,
the Borrower or a Restricted Subsidiary receives at least its pro rata share of such dividend or distribution in accordance with its
Equity Interests in such class or series of securities);

 

(2)            purchase,
redeem, defease or otherwise acquire or retire for value any Equity Interests of the Borrower or any direct or indirect parent of the
Borrower, including in connection with any merger, amalgamation or consolidation;

 

(3)            make
any principal payment on, or redeem, repurchase, defease or otherwise acquire or retire for value, in each case, prior to any scheduled
repayment, sinking fund payment or maturity, any Subordinated Indebtedness of the Borrower or any Guarantor in an aggregate principal
amount in excess of the Threshold Amount (other than the payment, redemption, repurchase, defeasance, acquisition or retirement of Subordinated
Indebtedness of the Borrower or any Guarantor (“Junior Financing”) in anticipation of satisfying a sinking fund obligation,
principal installment or final maturity, in each case due within one year of the date of such payment, redemption, repurchase, defeasance,
acquisition or retirement); or

 

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(4)            make
any Restricted Investment;

 

(all such payments and other actions set forth
in clauses (1) through (4) above being collectively referred to as “Restricted Payments”), unless, at the
time of such Restricted Payment:

 

(a)            in
the case of any Restricted Payment described in clause (1) or (2) above, no Specified Event of Default shall have occurred and
be continuing;

 

(b)            [reserved];
and

 

(c)            such
Restricted Payment, together with the aggregate amount of all other Restricted Payments made by the Borrower and its Restricted Subsidiaries
after the Closing Date (including Restricted Payments permitted by clause (1) of the next succeeding paragraph, but excluding all
other Restricted Payments permitted by the next succeeding paragraph), is less than the sum of, without duplication,

 

(i)            the
cumulative portion of Excess Cash Flow (commending with the Excess Cash Flow calculation in respect of the fiscal year ending December 31,
2022), which has not been and is not required to be applied to prepay the Term Loans pursuant to Section 2.05(b)(i) (which amount
shall not be less than $0), plus

 

(ii)           100%
of the aggregate net proceeds, including cash and the Fair Market Value of assets (other than cash), received by the Borrower after the
Closing Date from the public or private issuance or sale of Equity Interests of the Borrower or any direct or indirect parent thereof
(to the extent contributed to the Borrower) (other than Excluded Equity), including such Equity Interests issued upon exercise of warrants
or options, plus

 

(iii)          100%
of the aggregate amount of contributions to the capital of the Borrower received in cash and the Fair Market Value of other assets or
property after the Closing Date (other than Excluded Equity), plus

 

(iv)          the
principal amount of any Indebtedness, or the liquidation preference or maximum fixed repurchase price, as the case may be, of any Disqualified
Stock, in each case, of the Borrower or any Restricted Subsidiary thereof issued after the Closing Date (other than Indebtedness or Disqualified
Stock issued to a Restricted Subsidiary or an employee stock ownership plan or trust established by the Borrower or any Restricted Subsidiary
(other than to the extent such employee stock ownership plan or trust has been funded by the Borrower or any Restricted Subsidiary)) that,
in each case, has been converted into or exchanged for Equity Interests in the Borrower or any direct or indirect parent of the Borrower
(other than Excluded Equity), plus

 

(v)           100%
of the aggregate amount received by the Borrower or any Restricted Subsidiary in cash and the Fair Market Value of assets (other than
cash) received by the Borrower or any Restricted Subsidiary from:

 

(A)            the
sale or other disposition (other than to the Borrower or a Restricted Subsidiary) of Restricted Investments made by the Borrower and its
Restricted Subsidiaries and from repurchases and redemptions of such Restricted Investments from the Borrower and its Restricted Subsidiaries
by any Person (other than the Borrower or any of its Restricted Subsidiaries),

 

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(B)            repayments
of loans or advances that constituted Restricted Investments made after the Closing Date,

 

(C)            the
sale (other than to the Borrower or a Restricted Subsidiary or an employee stock ownership plan or trust established by the Borrower or
any Restricted Subsidiary (other than to the extent such employee stock ownership plan or trust has been funded by the Borrower or any
Restricted Subsidiary)) of the Equity Interests of an Unrestricted Subsidiary,

 

(D)            any
distribution or dividend from an Unrestricted Subsidiary, or

 

(E)             other
returns, profits, distributions and similar amounts received on account of any Restricted Investment made using availability under this
clause (c), plus

 

(vi)          in
the event any Unrestricted Subsidiary has been redesignated as a Restricted Subsidiary or has been merged, consolidated or amalgamated
with or into, or transfers or conveys its assets to, or is liquidated into, the Borrower or a Restricted Subsidiary, in each case after
the Closing Date, the Fair Market Value of the Investment of the Borrower in such Unrestricted Subsidiary at the time of such redesignation,
combination or transfer (or of the assets transferred or conveyed, as applicable), plus

 

(vii)         in
the event any joint venture or minority Investment has become a Restricted Subsidiary or has been merged, consolidated or amalgamated
with or into, or transfers or conveys its assets to, or is liquidated into, the Borrower or a Restricted Subsidiary, in each case after
the Closing Date, the Fair Market Value of the Investment of the Borrower in such joint venture or minority Investment at the time such
Person becomes a Restricted Subsidiary or the time of such merger, consolidation, amalgamation, transfer or conveyance, plus

 

(viii)        the
aggregate amount of Declined Amounts since the Closing Date, plus

 

(ix)           the
greater of (A) $128,750,000 and (B) 62.5% of Consolidated EBITDA of the Group Parties.

 

This Section 7.05 will
not prohibit:

 

(1)            the
payment of any dividend or distribution or consummation of any redemption within 60 days after the date of declaration thereof or the
giving of a redemption notice related thereto, if at the date of declaration or notice such payment would have complied with the provisions
of this Agreement;

 

(2)

 

(a)            the
redemption, repurchase, retirement or other acquisition of any Equity Interests (“Retired Capital Stock”) of the Borrower
or any direct or indirect parent of the Borrower, or Junior Financing of the Borrower or any Subsidiary Guarantor, in exchange for, or
out of the proceeds of the issuance or sale of, Equity Interests of the Borrower or any direct or indirect parent of the Borrower or contributions
to the equity capital of the Borrower (other than Excluded Equity) (collectively, including any such contributions, “Refunding
Capital Stock”);

 

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(b)            the
declaration and payment of accrued dividends on the Retired Capital Stock out of the proceeds of the issuance or sale (other than to a
Restricted Subsidiary of the Borrower or to an employee stock ownership plan or any trust established by the Borrower or any of its Restricted
Subsidiaries) of Refunding Capital Stock; and

 

(c)            if
immediately prior to the retirement of the Retired Capital Stock, the declaration and payment of dividends thereon was permitted under
clause (7) of this paragraph of Section 7.05 and has not been made as of such time (the “Unpaid Amount”),
the declaration and payment of dividends on the Refunding Capital Stock (other than Refunding Capital Stock the proceeds of which were
used to redeem, repurchase, retire or otherwise acquire any Equity Interests of the Borrower or any direct or indirect parent of the Borrower
in accordance with sub-clause (a) above) in an aggregate amount no greater than the Unpaid Amount (with the payment of such Unpaid
Amount being treated as a payment under the applicable provision);

 

(3)            the
prepayment, redemption, defeasance, repurchase or other acquisition or retirement of Junior Financing of the Borrower or any Subsidiary
Guarantor made by exchange for, or out of the proceeds of the Incurrence of, Refinancing Indebtedness thereof;

 

(4)            [reserved];

 

(5)            the
purchase, retirement, redemption or other acquisition (or Restricted Payments to the Borrower or any direct or indirect parent of the
Borrower to finance any such purchase, retirement, redemption or other acquisition) for value of Equity Interests (including related stock
appreciation rights or similar securities) of the Borrower or any direct or indirect parent of the Borrower held directly or indirectly
by any future, present or former employee, officer, director, manager, members of management, consultant or independent contractor of
the Borrower or any direct or indirect parent of the Borrower or any Subsidiary of the Borrower or their Immediate Family Members (including
for all purposes of this clause (5), Equity Interests held by any entity whose Equity Interests are held by any such future, present or
former employee, officer, director, manager, consultant or independent contractor or their Immediate Family Members); provided,
however, that the aggregate amounts paid under this clause (5) shall not exceed (with unused amounts in any fiscal year being
permitted to be carried over to succeeding fiscal years or carried back to any immediately preceding fiscal year) (A) in any fiscal
year, the greater of (x) $20,000,000 and (y) 10.0% of Consolidated EBITDA of the Group Parties or (B) subsequent to the
consummation of a Qualified IPO, in any fiscal year, the greater of (x) $31,250,000 and (y) 15.0% of Consolidated EBITDA of
the Group Parties; provided further, however, that such amount in any fiscal year may be increased by an amount not to exceed:

 

(a)            the
cash proceeds received by the Borrower from the issuance or sale of Equity Interests (other than Disqualified Stock) of the Borrower or
any direct or indirect parent of the Borrower (to the extent contributed to the Borrower), in each case, to any future, present or former
employees, officers, directors, managers, consultants or independent contractors of the Borrower or its Restricted Subsidiaries or any
direct or indirect parent of the Borrower that occurs after the Closing Date; provided that the amount of such cash proceeds utilized
for any such repurchase, retirement, other acquisition or dividend will not increase the amount available for Restricted Payments under
the immediately preceding paragraph; plus

 

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(b)            the
cash proceeds of key man life insurance policies received by the Borrower or its Restricted Subsidiaries or any direct or indirect parent
of the Borrower (to the extent contributed to the Borrower) after the Closing Date; plus

 

(c)            the
amount of any cash bonuses otherwise payable to employees, officers, directors, managers, consultants or independent contractors of the
Borrower or its Restricted Subsidiaries or any direct or indirect parent of the Borrower that are foregone in return for the receipt of
Equity Interests; less

 

(d)            the
amount of cash proceeds described in clause (a), (b) or (c) of this clause (5) previously used to make Restricted Payments
pursuant to this clause (5); (provided that the Borrower may elect to apply all or any portion of the aggregate increase contemplated
by clauses (a), (b) and (c) above in any fiscal year);

 

provided further cancellation
of Indebtedness owing to the Borrower or any Restricted Subsidiary from any future, current or former officer, director, employee, manager,
consultant or independent contractor (or any permitted transferees thereof) of the Borrower or any of its Restricted Subsidiaries or
any direct or indirect parent of the Borrower, in connection with a repurchase of Equity Interests of the Borrower or any direct or indirect
parent of the Borrower from such Persons will not be deemed to constitute a Restricted Payment for purposes of this Section 7.05
or any other provisions of this Agreement;

 

(6)            the
declaration and payment of dividends or distributions to holders of any class or series of Disqualified Stock of the Borrower or any of
its Restricted Subsidiaries and any class or series of Preferred Stock of any Restricted Subsidiaries issued or Incurred in accordance
with the covenant described in Section 7.01;

 

(7)            the
declaration and payment of dividends or distributions to holders of any class or series of Designated Preferred Stock (other than Disqualified
Stock) and the declaration and payment of dividends to the Borrower or any direct or indirect parent of the Borrower, the proceeds of
which will be used to fund the payment of dividends to holders of any class or series of Designated Preferred Stock (other than Disqualified
Stock) of the Borrower or any direct or indirect parent of the Borrower issued after the Closing Date; provided, however,
that (A) on the date of issuance of such Designated Preferred Stock, the Consolidated Interest Coverage Ratio of the Group
Parties is not less than 2.00 to 1.00 and (B) the aggregate amount of dividends declared and paid pursuant to this clause (7) does
not exceed the net cash proceeds actually received by the Borrower from the sale (or the contribution of the net cash proceeds from the
sale) of Designated Preferred Stock;

 

(8)            Restricted
Payments in connection with Permitted Reorganizations or a Permitted IPO Reorganization;

 

(9)            following
the consummation of a Qualified IPO, Restricted Payments in an annual amount for each fiscal year of the Borrower equal to the sum of
(A) an amount equal to 7.00% of the net proceeds received by or contributed to the Borrower from any such Qualified IPO (and any
subsequent public offerings) and (B) an amount equal to 7.00% of the Market Capitalization of the Borrower and/or any Parent Holding
Company;

 

(10)          Restricted
Payments that are made with Excluded Contributions;

 

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(11)          Restricted
Payments in an aggregate amount taken together with all other Restricted Payments made pursuant to this clause (11) not to exceed
the greater of (x) $128,750,000 and (y) 62.5% of Consolidated EBITDA of the Group Parties;

 

(12)          Restricted
Payments that are made in connection with (x) the consummation of the Transactions or to satisfy any payment obligations owing under
the Purchase Agreement (including payment of indemnities, earn-outs, working capital adjustments, purchase price adjustments and Transaction
Costs and payments in respect of appraisal rights) or (y) any Transition Arrangements;

 

(13)          for
any taxable year ending after the Closing Date for which (i) the Borrower or any of its Subsidiaries are members (or disregarded
as an entity separate from a member) of a group filing a consolidated, combined, affiliated or unitary income tax return for U.S. federal,
state and/or local income tax purposes with a direct or indirect parent of the Borrower or (ii) the Borrower is, for U.S. federal
income tax purposes, an entity that is disregarded from a corporate parent for such taxable year, Restricted Payments, directly or indirectly,
to a direct or indirect parent of the Borrower in amounts required for such parent entity or its direct or indirect owners to pay such
federal, state and/or local income (and franchise or other similar Taxes imposed lieu of income) Taxes, as applicable, imposed
on such group or such direct or indirect corporate parent, to the extent such Taxes are directly attributable to the income of the Borrower
and its applicable Subsidiaries, as applicable; provided, however, that the amount of such payments in respect of any tax
year does not, in the aggregate, exceed the amount that the Borrower and its Subsidiaries (if such Subsidiaries are members of such consolidated,
combined, affiliated or unitary group) would have been required to pay in respect of such Taxes (as the case may be) in respect of such
year if the Borrower and its such Subsidiaries, as applicable, paid such Taxes directly as a stand-alone corporation or as a stand-alone
consolidated, combined, affiliated or unitary corporate tax group for all relevant tax years (reduced by any such Taxes paid directly
by the Borrower or any Subsidiary); provided further that the cash distributions made pursuant to this paragraph (13)
in respect of any Taxes attributable to the income of any Unrestricted Subsidiaries of the Borrower may be made only to the extent that
such Unrestricted Subsidiaries have made cash payments for such purpose to the Borrower or any of its Restricted Subsidiaries;

 

(14)          the
declaration and payment of dividends, other distributions or other amounts to, or the making of loans to any direct or indirect parent
of the Borrower, in the amount required for such entity to, if applicable:

 

(a)            pay
amounts equal to the amounts required for any direct or indirect parent of the Borrower to pay fees and expenses, salary, bonus and other
benefits payable to, and indemnities provided on behalf of, officers, employees, directors, managers, consultants or independent contractors
of any direct or indirect parent of the Borrower, if applicable, and general corporate operating (including, without limitation, expenses
related to auditing and other accounting matters) and overhead costs and expenses of the Borrower or any direct or indirect parent of
the Borrower, if applicable, in each case to the extent such fees, expenses, salaries, bonuses, benefits and indemnities are attributable
to the ownership or operation of the Borrower and its Subsidiaries;

 

(b)            pay,
if applicable, amounts equal to amounts required for any direct or indirect parent of the Borrower to pay interest and/or principal on
Indebtedness the proceeds of which have been contributed to the Borrower (other than as Excluded Equity) or that has been guaranteed by,
or is otherwise considered Indebtedness of, the Borrower or any Restricted Subsidiary Incurred in accordance with Section 7.01 (except
to the extent any such payments have otherwise been made by any such guarantor);

 

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(c)            pay
fees and expenses incurred by any direct or indirect parent of the Borrower related to (i) the maintenance of such parent entity
of its corporate or other entity existence, (ii) any equity or debt offering of such parent entity (whether or not consummated) and
(iii) any equity or debt issuance, incurrence or offering, any disposition or acquisition or any investment transaction by the Borrower
or any of its Restricted Subsidiaries (or any acquisition of or investment in any business, assets or property that will be contributed
to the Borrower or any of its Restricted Subsidiaries as part of the same or a related transaction) permitted by this Agreement (whether
or not consummated);

 

(d)            make
payments (i) pursuant to or contemplated by the Management Agreement or (ii) for any other monitoring, consulting, management,
transaction, advisory, financing, underwriting or placement services or in respect of other investment banking activities, termination
or similar fees, indemnities, reimbursements and reasonable and documented out-of-pocket fees and expenses including, without limitation,
in connection with acquisitions or divestitures, including in connection with the consummation of the Transactions;

 

(e)            without
duplication of paragraph (13), pay franchise, excise and similar Taxes, and other fees and expenses, required to maintain their organizational
existences;

 

(f)            make
payments for the benefit of the Borrower or any of its Restricted Subsidiaries to the extent such payments could have been made by the
Borrower or any of its Restricted Subsidiaries because such payments (x) would not otherwise be Restricted Payments and (y) would
be permitted by Section 6.18; and

 

(g)            make
Restricted Payments to any direct or indirect parent of the Borrower to finance, or to any direct or indirect parent of the Borrower for
the purpose of paying to any other direct or indirect parent of the Borrower to finance, any Investment that, if consummated by the Borrower
or any of its Restricted Subsidiaries, would be a Permitted Investment; provided that (a) such Restricted Payment is made
substantially concurrently with the closing of such Investment and (b) promptly following the closing thereof, such direct or indirect
parent of the Borrower causes (i) all property acquired (whether assets or Equity Interests) to be contributed to the Borrower or
any Restricted Subsidiary or (ii) the merger, consolidation or amalgamation (to the extent permitted by Section 7.03) of the
Person formed or acquired into the Borrower or any Restricted Subsidiary in order to consummate such acquisition or Investment, in each
case, in accordance with the requirements of Section 6.12;

 

(15)          (i) 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, (ii) payments made or expected to be made by the Borrower or any Restricted Subsidiary in respect
of withholding or similar Taxes payable or expected to be payable by any future, present or former director, officer, employee, manager,
consultant or independent contractor of the Borrower or any direct or indirect parent of the Borrower or any Subsidiary of the Borrower
(or their respective Affiliates, estates or immediate family members) in connection with such repurchases of Equity Interests and (iii) loans
or advances to officers, directors, employees, managers, consultants and independent contractors of the Borrower or any direct or indirect
parent of the Borrower or any Subsidiary of the Borrower in connection with such Person’s purchase of Equity Interests of the Borrower
or any direct or indirect parent of the Borrower; provided that no cash is actually advanced pursuant to this clause (iii) unless
immediately repaid;

 

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(16)          purchases
of receivables pursuant to a Receivables Repurchase Obligation in connection with a Qualified Receivables Financing and the payment or
distribution of Receivables Fees;

 

(17)          payments
or distributions to satisfy dissenters’ rights, pursuant to or in connection with a consolidation, merger, amalgamation or transfer
of assets that complies with the provisions of this Agreement;

 

(18)          the
distribution, as a dividend or otherwise, of shares of Capital Stock of, or Indebtedness owed to the Borrower or a Restricted Subsidiary
by, Unrestricted Subsidiaries (other than the equity of Unrestricted Subsidiaries the primary assets of which are cash and/or Cash Equivalents
(except to the extent that such cash and Cash Equivalents constitute the proceeds of any sale of the assets or equity of any Unrestricted
Subsidiary));

 

(19)          the
payment of cash in lieu of the issuance of fractional shares of Equity Interests in connection with any merger, consolidation, amalgamation
or other business combination, or in connection with any dividend, distribution or split of or upon exercise, conversion or exchange of
Equity Interests, warrants, options or other securities exercisable or convertible into, Equity Interests of the Borrower or any direct
or indirect parent of the Borrower;

 

(20)          Investments
in Unrestricted Subsidiaries in an aggregate amount, taken together with all other Investments made pursuant to this clause (20) that
are at the time outstanding, not to exceed the greater of (A) $93,750,000 and (B) 43.75% of Consolidated EBITDA of the Group
Parties;

 

(21)          (A) any
Restricted Payment described in clause (1) or (2) of the definition thereof so long as (i) no Event of Default has occurred
and is continuing and (ii) immediately after giving effect to the making of such Restricted Payment on a Pro Forma Basis, the Consolidated
Total Net Leverage Ratio does not exceed 4.50 to 1.00 and (B) any Restricted Payment
described in clause (3) of the definition thereof so long as immediately after giving effect to the making of such Restricted Payment
on a Pro Forma Basis, the Consolidated Total Net Leverage Ratio does not exceed 5.00 to 1.00;

 

(22)          any
payment in the minimum amount necessary to prevent any Junior Financing from being treated as an “applicable high yield discount
obligation” within the meaning of Section 163(i)(1) of the Code; and

 

(23)          any
Restricted Payment described in clause (3) or (4) of the definition thereof in an amount not to exceed the greater of (x) $128,750,000
or (y) 62.5% of Consolidated EBITDA of the Group Parties at any one time outstanding;

 

provided
that the amount of Restricted Payment capacity under any basket set forth above shall be reduced by the amount thereof that
was allocated to incur Permitted Debt pursuant to clause (ii) thereof.

 

Notwithstanding the foregoing,
neither the Borrower nor any of its Restricted Subsidiaries may transfer legal title to, or license on an exclusive basis, any Material
Intellectual Property or Contracts to any Unrestricted Subsidiary.

 

It is understood that the
transfer or assignment to any direct or indirect parent company of the Borrower of any insurance policy obtained in connection with a
direct or indirect acquisition or investment by such parent company consummated prior to the Closing Date shall not be deemed to constitute
a Restricted Payment hereunder and shall be deemed to be permitted under Section 6.18.

 

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Section 7.06            Burdensome
Agreements.

 

Permit any of its Restricted
Subsidiaries to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any consensual encumbrance
or consensual restriction on the ability of any Restricted Subsidiary to create, Incur or assume Liens on the Collateral of such
Person for the benefit of the Lenders with respect to the Facilities and the Obligations or under the Loan Documents other than encumbrances
or restrictions existing under or by reason of:

 

(1)            contractual
encumbrances or restrictions of the Borrower or any of its Restricted Subsidiaries in effect on the Closing Date, including pursuant
to this Agreement and the other Loan Documents, the ABL Loan Documents, the First Lien Loan Documents, related Swap Contracts and Indebtedness
permitted pursuant to Section 7.01(c);

 

(2)            applicable
law or any applicable rule, regulation or order;

 

(3)            any
agreement or other instrument of a Person acquired by or merged, amalgamated or consolidated with or into the Borrower or any Restricted
Subsidiary or an Unrestricted Subsidiary that is designated a Restricted Subsidiary that was in existence at the time of such acquisition
(or at the time it merges with or into the Borrower or any Restricted Subsidiary or assumed in connection with the acquisition of assets
from such Person (but, in each case, not created in contemplation thereof)), which encumbrance or restriction is not applicable to any
Person, or the properties or assets of any Person, other than the Person, or the property or assets of the Person, so acquired or designated;
provided that in connection with a merger, amalgamation or consolidation under this clause (3), if a Person other than the Borrower
or such Restricted Subsidiary is the successor company with respect to such merger, amalgamation or consolidation, any agreement or instrument
of such Person or any Subsidiary of such Person, shall be deemed acquired or assumed, as the case may be, by the Borrower or such Restricted
Subsidiary, as the case may be, at the time of such merger, amalgamation or consolidation;

 

(4)            customary
encumbrances or restrictions contained in contracts or agreements for the sale of assets applicable to such assets pending consummation
of such sale, including customary restrictions with respect to a Restricted Subsidiary imposed pursuant to an agreement entered into for
the sale or disposition of Capital Stock or assets of such Restricted Subsidiary;

 

(5)            restrictions
on cash or other deposits or net worth imposed by customers under contracts entered into in the ordinary course of business;

 

(6)            customary
provisions in operating or other similar agreements, asset sale agreements and stock sale agreements entered into in connection with the
entering into of such transaction, which limitation is applicable only to the assets that are the subject of those agreements;

 

(7)            purchase
money obligations for property acquired and Capitalized Lease Obligations, to the extent such obligations impose restrictions of the nature
described in the first paragraph of this Section 7.06 on the property so acquired;

 

(8)            customary
provisions contained in leases, sub-leases, licenses, sublicenses, contracts and other similar agreements entered into in the ordinary
course of business to the extent such obligations impose restrictions of the type described in the first paragraph of this Section 7.06
on the property subject to such lease;

 

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(9)            any
encumbrance or restriction effected in connection with a Qualified Receivables Financing that, in the good faith determination of the
Borrower, are necessary or advisable to effect such Qualified Receivables Financing;

 

(10)          any
encumbrance or restriction contained in other Indebtedness, Disqualified Stock or Preferred Stock of the Borrower or any Restricted Subsidiary
that is incurred subsequent to the Closing Date pursuant to Section 7.01; provided that (i) such encumbrances and restrictions
contained in any agreement or instrument will not materially affect the Borrower’s ability to make anticipated principal or interest
payments under this Agreement (as determined by the Borrower in good faith) or (ii) such encumbrances and restrictions contained
in any agreement or instrument taken as a whole are not materially less favorable to the Lenders than the encumbrances and restrictions
contained in this Agreement (as determined by the Borrower in good faith);

 

(11)          any
encumbrance or restriction contained in secured Indebtedness otherwise permitted to be incurred pursuant to Sections 7.01 and 7.02 to
the extent limiting the right of the debtor to dispose of the assets securing such Indebtedness;

 

(12)          any
encumbrance or restriction arising or agreed to in the ordinary course of business, not relating to any Indebtedness, and that do not,
individually or in the aggregate, (x) detract from the value of the property or assets of the Borrower or any Restricted Subsidiary
in any manner material to the Borrower or any Restricted Subsidiary or (y) materially affect the Borrower’s ability to make
future principal or interest payments under this Agreement, in each case, as determined by the Borrower in good faith;

 

(13)          customary
provisions in joint venture agreements or arrangements and other similar agreements or arrangements relating solely to the applicable
joint venture; and

 

(14)          any
encumbrances or restrictions imposed by any amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements
or refinancings of the contracts, instruments or obligations referred to in clauses (1) through (13); provided that such encumbrances
and restrictions contained in any such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or
refinancing are, in the good faith judgment of the Borrower, not materially more restrictive, taken as a whole, than the encumbrances
and restrictions prior to such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing.

 

For purposes of determining
compliance with this Section 7.06, (i) the priority of any Preferred Stock in receiving dividends or liquidating distributions
prior to dividends or liquidating distributions being paid on common stock shall not be deemed a restriction on the ability to make distributions
on Capital Stock and (ii) the subordination of loans or advances made to the Borrower or a Restricted Subsidiary to other Indebtedness
Incurred by the Borrower or any such Restricted Subsidiary shall not be deemed a restriction on the ability to make loans or advances.

 

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Section 7.07            Anti-Layering.
The Loan Parties shall not incur any Indebtedness that is secured by Liens that are contractually subordinated to the Liens securing
the First Lien Obligations or any other Indebtedness secured by Liens on the Collateral on a senior basis to the Liens on the Collateral
securing the Obligations, unless the Liens securing such Indebtedness are subordinated with respect to Lien priority, in the same manner
and to the same extent in all material respects (and without regard to standstill periods or other issues relating to the control of
remedies) as the Liens securing the Obligations are subordinated to the Liens securing the First Lien Obligations or any other Indebtedness
secured by Liens on the Collateral on a senior basis to the Liens on the Collateral securing the Obligations; provided that no
Liens securing Indebtedness shall be considered to be subordinated to obligations under any First Lien Credit Agreement solely by virtue
of operation of a “waterfall” provision in the First Lien Loan Documents or the documentation for such other Indebtedness
secured by Liens on the Collateral on a senior basis to the Liens on the Collateral securing the Obligations; provided, further,
that nothing in this paragraph shall prohibit (x) the administrative agent and the applicable lenders under such senior Indebtedness
from at any time and from time to time (for the avoidance of doubt, without the consent of or notice to the Administrative Agent or any
Lender) amending the payment waterfall provisions contained in the First Lien Loan Documents or the documentation for such other Indebtedness
secured by Liens on the Collateral on a senior basis to the Liens on the Collateral securing the Obligations, and/or (y) re-allocating,
replacing or refinancing all or a portion of such Indebtedness with one or more newly created loan tranches or facilities governed by
the First Lien Loan Documents or the documentation for such other Indebtedness secured by Liens on the Collateral on a senior basis to
the Liens on the Collateral securing the Obligations.

 

Section 7.08            [Reserved].

 

Section 7.09            Holding
Company. Holdings shall not conduct, transact or otherwise engage in any material business or operations; provided, that the following
shall be permitted in any event: (i) its ownership of the Capital Stock of the Borrower, its Restricted Subsidiaries and any other
Subsidiary of Holdings and, in each case, activities incidental thereto; (ii) the entry into, and the performance of its obligations
with respect to the Loan Documents (including any Specified Refinancing Debt or any New Term Facility), the First Lien Loan Documents,
the ABL Loan Documents, any Refinancing Notes, any New Incremental Notes, any Junior Financing Document, any Incremental Equivalent Debt
documentation, any Permitted Debt Exchange Notes, any documentation relating to any Permitted Refinancing of the foregoing or documentation
relating to the Indebtedness otherwise permitted by this Section 7.09 and the Guarantees permitted by clause (v) below; (iii) activities
relating to any Permitted Reorganization, a Qualified IPO or a Permitted IPO Reorganization; (iv) the performing of activities (including,
without limitation, cash management activities) and the entry into documentation with respect thereto, in each case, permitted by this
Agreement for Holdings to enter into and perform; (v) the issuance of its own Equity Interests, the payment of dividends and distributions
(and other activities in lieu thereof permitted by this Agreement), the making of contributions to the capital of its Subsidiaries and
Guarantees of Indebtedness permitted to be Incurred hereunder by the Borrower or any of the Restricted Subsidiaries and the Guarantees
of other obligations not constituting Indebtedness; (vi) the maintenance of its legal existence (including the ability to incur
fees, costs and expenses relating to such maintenance and performance of activities relating to its officers, directors, managers and
employees and those of its Subsidiaries); (vii) the entry into the Purchase Agreement and the other agreements contemplated thereby
and the performing of its obligations with respect thereto and of its obligations with respect to the Transactions and any Transition
Arrangements; (viii) incurring Indebtedness permitted under Section 7.01, including any refinancing thereof; (ix) the
performing of activities in preparation for and consummating any public offering of its common stock or any other issuance or sale of
its Capital Stock (other than Disqualified Stock) including converting into another type of legal entity; (x) the participation
in tax, accounting and other administrative matters as a member of the consolidated group of Holdings and its Subsidiaries, including
compliance with applicable Laws and legal, tax and accounting matters related thereto and activities relating to its officers, directors,
managers and employees; (xi) the holding of any cash and Cash Equivalents or property (but not operating any property); (xii) the
entry into and performance of its obligations with respect to contracts and other arrangements, including the providing of indemnification
to officers, managers, directors and employees, (xiii) repurchases of Indebtedness through open market purchases and Dutch auctions;
(xiv) merging, amalgamating or consolidating with or into any Person in compliance with Section 7.03 and disposing of any Capital
Stock; (xv) consummating the Transactions and (xvi) any activities incidental to the foregoing. Holdings shall not Incur any
Indebtedness (other than in respect of Disqualified Stock, Qualified Holding Company Indebtedness or Guarantees permitted above and liabilities
imposed by Law, including Tax liabilities).

 

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ARTICLE VIII.

Events of Default and Remedies

 

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

 

(a)            Non-Payment.
The Borrower or any other Loan Party fails to pay (i) when due and as required to be paid herein, any amount of principal of any
Loan, (ii) within five (5) Business Days after the same becomes due and payable, any interest on any Loan, any fee due hereunder
or any other amount payable hereunder or with respect to any other Loan Document; or

 

(b)            Specific
Covenants. Holdings or any other Loan Party fails to perform or observe any term, covenant or agreement contained in any of Sections
6.03(a) or 6.05(a) (solely with respect to the Borrower) or in any Section of Article VII; provided that,
unless a Responsible Officer had actual knowledge of the occurrence of any such Default, a Default as a result of a breach of Section 6.03(a) and
any Event of Default resulting therefrom, shall be cured upon the earlier of (i) the cure of the underlying Default or (ii) provision
of notice by a Responsible Officer of the Borrower to the Administrative Agent of such Default; or

 

(c)            Other
Defaults. Any Loan Party fails to perform or observe any covenant or agreement (other than those specified in Section 8.01(a) or
(b) above) contained in any Loan Document on its part to be performed or observed and such failure continues for 30 days after notice
thereof by the Administrative Agent to the Borrower; or

 

(d)            Representations
and Warranties. Any representation, warranty or certification made or deemed made by or on behalf of the Borrower or any other Loan
Party herein, in any other Loan Document, or in any document required to be delivered in connection herewith or therewith shall be incorrect
or misleading in any material respect (or in any respect if any such representation or warranty is already qualified by materiality)
when made or deemed made and such incorrect or misleading representation, warranty or certification (if curable, including by a restatement
of any relevant financial statements) shall remain incorrect for a period of 30 days after notice thereof from the Administrative Agent
to the Borrower; or

 

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(e)            Cross-Default.
Any Loan Party or any Restricted Subsidiary (A) fails to make any payment beyond the applicable grace period with respect thereto,
if any (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Indebtedness (other
than Indebtedness hereunder and intercompany Indebtedness) having an aggregate outstanding principal amount in excess of the Threshold
Amount or (B) fails to observe or perform any other agreement or condition relating to any Indebtedness (other than Indebtedness
hereunder and intercompany Indebtedness) having an aggregate outstanding principal amount in excess of the Threshold Amount, 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 a trustee
or agent on behalf of such holder or holders or beneficiary or beneficiaries) after the expiration of any applicable grace or cure period
therefor to cause, with the giving of notice if required, such Indebtedness 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, in each case,
prior to its stated maturity; provided that this clause (e)(B) shall not apply to (x) secured Indebtedness that becomes
due as a result of the sale or transfer or other Disposition (including a Casualty Event) of the property or assets securing such Indebtedness
permitted hereunder and under the documents providing for such Indebtedness and such Indebtedness is repaid when required under the documents
providing for such Indebtedness, (y) events of default, termination events or any other similar event under the documents governing
Swap Contracts for so long as such event of default, termination event or other similar event does not result in the occurrence of an
early termination date or any acceleration or prepayment of any amounts or other Indebtedness payable thereunder or (z) Indebtedness
that upon the happening of any such default or event automatically converts into Equity Interests (other than Disqualified Stock or,
in the case of a Restricted Subsidiary, Disqualified Stock or Preferred Stock) in accordance with its terms; provided further,
that such failure is unremedied or has not been waived by the holders of such Indebtedness in accordance with the terms of the documents
governing such Indebtedness prior to any acceleration of the Loans pursuant to Section 8.02; provided further,
that in the case of the ABL Facility, any such default or event with respect to the ABL Credit Agreement will not constitute an Event
of Default under this clause (e) of this Section 8.01 unless (x) the agent and/or lenders thereunder have terminated the
commitments in respect of, or demanded repayment of, or otherwise accelerated, any of the Indebtedness or other obligations thereunder
or (y) such failure to make payment is in respect of payment at final maturity; provided further, that in the
case of breach of any financial covenant contained in any Indebtedness (other than Indebtedness hereunder and intercompany Indebtedness)
having an aggregate outstanding principal amount in excess of the Threshold Amount, such breach will not constitute an Event of Default
under clause (e)(B) of this Section 8.01 unless the agent and/or lenders thereunder have terminated the commitments in respect
of, or demanded repayment of, or otherwise accelerated, any of the Indebtedness or other obligations thereunder; provided further, that,
in the case of the Senior Priority Debt Facilities (as defined in the Term Loan Intercreditor Agreement), any such default or event (other
than a failure to make payment at the stated maturity date thereof) will not constitute an Event of Default under this clause (e) of
Section 8.01 unless the agent and/or lenders thereunder have terminated the commitments in respect of, or demanded repayment of,
or otherwise accelerated, any of the Indebtedness or other obligations thereunder; or

 

(f)             Insolvency
Proceedings, Etc. Holdings, the Borrower or any Loan Party that is a Significant Subsidiary institutes or consents to the institution
of any proceeding under any Debtor Relief Law, a winding-up, an administration, a liquidation, a dissolution, or a composition or makes
an assignment for the benefit of creditors or any other action is commenced (by way of voluntary arrangement, scheme of arrangement or
otherwise); or appoints, applies for or consents to the appointment of any receiver, administrator, administrative receiver, trustee,
custodian, conservator, liquidator, rehabilitator, judicial manager, provisional liquidator, administrator, receiver and manager, controller,
monitor or similar officer for it or for all or any material part of its property; or any receiver, trustee, custodian, conservator, liquidator,
rehabilitator, judicial manager, provisional liquidator, administrator, administrative receiver, receiver and manager, controller, monitor
or similar officer is appointed without the application or consent of such Person and the appointment continues undischarged or unstayed
for 60 days; or any proceeding under any Debtor Relief Law relating to any such Person or to all or substantially all of its property
is instituted without the consent of such Person and continues undismissed or unstayed for 60 days, or an order for relief is entered
in any such proceeding; or

 

(g)            Inability
to Pay Debts; Attachment. (x)  Holdings, the Borrower or any Loan Party that is a Significant Subsidiary becomes unable or admits
in writing its inability or fails generally to pay its debts as they become due or suspends making payments or enters into a moratorium
or standstill arrangement in relation to its Indebtedness or is taken to have failed to comply with a statutory demand (or otherwise be
presumed to be insolvent by applicable Law) or (y) any writ or warrant of attachment or execution or similar process is issued, commenced
or levied against all or substantially all of the property of any such Person and is not released, vacated or fully bonded within 60 days
after its issue, commencement or levy, or any analogous procedure or step is taken in any jurisdiction; or

 

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(h)            Judgments.
There is entered against Holdings, the Borrower or any Significant Subsidiary a final judgment or order for the payment of money in an
aggregate amount (as to all such judgments and orders) in excess of the Threshold Amount (to the extent not paid and not covered by insurance
(including, if applicable, self-insurance) or indemnities as to which the insurer or indemnitor has been notified of such judgment or
order and has not denied coverage and there has elapsed a period of 60 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)  One or more ERISA Events occur or there is or arises an Unfunded Pension Liability (taking into account only Plans with positive
Unfunded Pension Liability) which ERISA Events or instances of Unfunded Pension Liability, when aggregated with all other ERISA Events
or instances of Unfunded Pension Liability, results or would reasonably be expected to result in liability of any Loan Party in an aggregate
amount which would reasonably be expected to result in a Material Adverse Effect or (ii) any Loan Party 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 which has resulted or would reasonably be expected to result in liability of any Loan Party in an aggregate
amount which would reasonably be expected to result in a Material Adverse Effect; or

 

(j)             Invalidity
of Certain Loan Documents. Any material provision of any Collateral Document, any Guaranty and/or any intercreditor agreement required
to be entered into pursuant to the terms of this Agreement (in each case, subject to the Legal Reservations and the Perfection Exceptions),
at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or thereunder (including
as a result of a transaction permitted under Section 7.03 or Section 7.04) and prior to the satisfaction of the Termination
Conditions ceases to be in full force and effect (except that any such failure to be in full force and effect with respect to the documents
referred to in clause (v) of the definition of “Loan Documents” shall constitute an Event of Default only if the Borrower
receives notice thereof and the Borrower fails to remedy the relevant failure in all material respects within 15 days of receiving said
notice); or any Loan Party contests in writing the validity or enforceability of any provision of this Agreement, any Collateral Document,
any Guaranty or any intercreditor agreement required to be entered into pursuant to the terms of this Agreement; or any Loan Party denies
in writing that it has any or further liability or obligation under any Loan Document (other than as a result of the satisfaction of
the Termination Conditions), or purports in writing to revoke or rescind any Loan Document or the perfected Liens created thereby (except
as otherwise expressly provided in this Agreement or the Collateral Documents); or

 

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

 

Section 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 only, take any or all of the following actions:

 

(a)             declare
the commitment of each Lender to make Loans 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 Borrower;

 

(c)            [reserved];
and

 

(d)            subject
to the terms of the Term Loan Intercreditor Agreement, exercise on behalf of itself and the Lenders all rights and remedies available
to it and the Lenders under the Loan Documents, under any document evidencing Indebtedness in respect of which the Facilities have been
designated as “Designated Senior Debt” (or any comparable term) and/or under applicable Law;

 

provided,
however, that upon the occurrence of an actual or deemed entry of an order for relief with respect to the Borrower under any Debtor
Relief Law, the obligation of each Lender to make Loans shall automatically terminate and the unpaid principal amount of all outstanding
Loans and all interest and other amounts as aforesaid shall automatically become due and payable, in each case without further act of
the Administrative Agent or any Lender; provided, further, that neither the Administrative Agent nor any Lender may take
any action or remedy with respect to any Event of Default which arose out of any action (if such event, action or inaction was publicly
reported or was reported to the Administrative Agent or the Lenders) which occurred two (2) years or more prior to such requested
action or remedy (unless the applicable Administrative Agent has commenced remedial action with respect thereto prior to the end of such
two year period) (it being understood that such Event of Default shall be deemed cured after such two (2) year period).

 

Section 8.03           [Reserved].

 

Section 8.04           Application
of Funds. After the exercise of remedies provided for in Section 8.02 (or after an actual or deemed entry of an order for relief
with respect to the Borrower under any Debtor Relief Law), any amounts received on account of the Obligations shall, subject to the provisions
of Sections 2.16 and 2.17, the ABL Intercreditor Agreement and the Term Loan Intercreditor Agreement, be applied by the Administrative
Agent in the following order:

 

(a)            first,
to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including fees, disbursements
and other charges of counsel payable under Section 10.04 and amounts payable under Article III and amounts owing in respect
of (x) the preservation of Collateral or the Collateral Agent’s security interest in the Collateral or (y) with respect
to enforcing the rights of the Secured Parties under the Loan Documents) payable to the Administrative Agent and the Collateral Agent
in their respective capacity as such;

 

(b)            second,
to payment in full of Unfunded Advances;

 

(c)            third,
to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (other than principal and interest)
payable to the Lenders (including fees, disbursements and other charges of counsel payable under Sections 10.04 and 10.05) arising under
the Loan Documents and amounts payable under Article III, ratably among them in proportion to the respective amounts described in
this clause (c) held by them;

 

(d)            fourth,
to payment of that portion of the Obligations constituting accrued and unpaid interest on the Loans, ratably among the Lenders in proportion
to the respective amounts described in this clause (d) held by them;

 

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(e)            fifth,
to payment of that portion of the Obligations constituting unpaid principal of the Loans and obligations of the Loan Parties then owing
under Secured Hedge Agreements and the Secured Cash Management Agreements, ratably among the Lenders, the Hedge Banks party to such Secured
Hedge Agreements and the Cash Management Banks party to such Secured Cash Management Agreements in proportion to the respective amounts
described in this clause (e) held by them;

 

(f)            sixth,
to the payment of all other Obligations of the Loan Parties owing under or in respect of the Loan Documents or under Secured Hedge Agreement
or Secured Cash Management Agreements that are then due and payable to the Administrative Agent and the other Secured Parties, ratably
based upon the respective aggregate amounts of all such Obligations then owing to the Administrative Agent and the other Secured Parties;
and

 

(g)            last,
after all of the Obligations have been paid in full (other than contingent indemnification obligations not yet due and owing), to the
Borrower or as otherwise required by Law;

 

provided
that no amounts received from any Guarantor shall be applied to Excluded Swap Obligations of such Guarantor.

 

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

 

It is understood and agreed
by each Loan Party and each Secured Party that the Administrative Agent and Collateral Agent shall have no liability for any determinations
made by it in this Section 8.04, in each case except to the extent resulting from the gross negligence or willful misconduct of the
Administrative Agent or the Collateral Agent, as applicable (as determined by a court of competent jurisdiction in a final and non-appealable
decision). Each Loan Party and each Secured Party also agrees that the Administrative Agent and the Collateral Agent may (but shall not
be required to), at any time and in its sole discretion, and with no liability resulting therefrom, petition a court of competent jurisdiction
regarding any application of Collateral in accordance with the requirements hereof, and the Administrative Agent and the Collateral Agent
shall be entitled to wait for, and may conclusively rely on, any such determination.

 

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ARTICLE IX.

Administrative Agent and Other Agents

 

Section 9.01            Appointment
and Authorization of Agents.

 

(a)            Each
Lender hereby irrevocably appoints RBC to act on its behalf as Administrative Agent hereunder and under the other Loan Documents (subject
to the provisions in Section 9.09), and designates and authorizes the Administrative Agent to take such actions on its behalf under
the provisions of this Agreement and each other Loan Document and to exercise such powers and perform such duties as are expressly delegated
to the Administrative Agent by the terms of this Agreement or any other Loan Document, together with such actions and powers as are reasonably
incidental thereto (including to extend any deadline (which such extension may be retroactive) or requirement in connection with compliance
with the provisions of the Loan Documents relating to any Guaranty). The Administrative Agent may perform any of its duties through its
officers, directors, agents, employees, or affiliates. Except as expressly provided for in Sections 9.09 and 9.11 with respect to the
Borrower’s right to receive, or its ability to furnish, notice as described therein, and the provisions related to the release of
Guarantors or Collateral, the provisions of this Article are solely for the benefit of the Administrative Agent and the Lenders,
and no Loan Party shall have rights as a third party beneficiary of any of such provisions. Notwithstanding any provision to the contrary
contained elsewhere herein or in any other Loan Document no Agent shall have any duties or responsibilities, except those expressly set
forth herein, nor shall any Agent have or be deemed to have any fiduciary relationship with any Lender or participant, and no implied
covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document
or otherwise exist against any Agent. Regardless of whether a Default has occurred and is continuing and without limiting the generality
of the foregoing sentence, the use of the term “agent” herein and in the other Loan Documents with reference to any Agent
is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable Law.
Instead, such term is used merely as a matter of market custom, and is intended to create or reflect only an administrative relationship
between independent contracting parties.

 

(b)            [Reserved].

 

(c)            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 Lender and a potential Cash Management Bank party to a Secured Cash Management Agreement and/or a potential Hedge Bank party to a
Secured Hedge Agreement) hereby irrevocably appoints and authorizes the Administrative Agent to act as the agent of (and to hold any security
interest, charge or other Lien created by the Collateral Documents for and on behalf of or in trust for) such Lender 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 Secured Obligations, together
with such powers and discretion as are reasonably incidental thereto (including to extend any deadline or requirement in connection with
compliance with the provisions of the Loan Documents relating to the Collateral and the rights of the Secured Parties with respect 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 9.02 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 (including Section 9.07, as though such co-agents, sub-agents
and attorneys-in-fact were the Collateral Agent under the Loan Documents) and Section 10.04 as if set forth in full herein with respect
thereto and all references to Administrative Agent in this Article IX shall, where applicable, be read as including a reference to
the Collateral Agent. Without limiting the generality of the foregoing, the Lenders hereby expressly authorize the Administrative Agent
as Collateral Agent to execute any and all documents (including releases) with respect to the Collateral and the rights of the Secured
Parties with respect thereto (including any intercreditor agreement), as contemplated by and in accordance with the provisions of this
Agreement and the Collateral Documents and acknowledge and agree that any such action by any Agent shall bind the Lenders (including in
its capacities as a Lender and a potential Cash Management Bank party to a Secured Cash Management Agreement and/or a potential Hedge
Bank party to a Secured Hedge Agreement).

 

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Section 9.02            Delegation
of Duties. The Administrative Agent may execute any of its duties and exercise its rights and powers under this Agreement or any
other Loan Document (including for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under
the Collateral Documents or of exercising any rights and remedies thereunder) by or through agents, employees or attorneys-in-fact and
shall be entitled to advice of counsel and other consultants or experts concerning all matters pertaining to such duties. 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
Agent-Related Persons. The Administrative Agent shall not be responsible for the negligence or misconduct of any agent or attorney-in-fact
that it selects in the absence of gross negligence or willful misconduct by the Administrative Agent, as determined by a final non-appealable
judgment by a court of competent jurisdiction. The exculpatory provisions of this Article IX shall apply to any such sub agent and
to the Agent-Related Persons 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.

 

Section 9.03            Liability
of Agents.

 

(a)            No
Agent-Related Person shall be (i) liable for any action taken or omitted to be taken by any of them under or in connection with
this Agreement or any other Loan Document or the transactions contemplated hereby (except for its own gross negligence or willful misconduct
in connection with its duties expressly set forth herein, to the extent determined in a final, non-appealable judgment by a court of
competent jurisdiction), (ii) liable for any action taken or not taken by it (A) with the consent or at the request of the
Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe
in good faith shall be necessary, under the circumstances as provided in Sections 10.01 and 8.02) or (B) in the absence of its own
gross negligence or willful misconduct as determined by the final, non-appealable judgment of a court of competent jurisdiction, in connection
with its duties expressly set forth herein, (iii) responsible in any manner to any Lender or participant for any recital, statement,
representation or warranty made by any Loan Party or any officer thereof, contained herein or in any other Loan Document, or in any certificate,
report, statement or other document referred to or provided for in, or received by the Administrative Agent under or in connection with,
this Agreement or any other Loan Document, (iv) responsible for or have any duty to ascertain or inquire into the validity, effectiveness,
genuineness, enforceability or sufficiency of this Agreement or any other Loan Document or any other agreement, instrument or document,
or the creation, perfection or priority of any Lien, or security interest created or purported to be created under the Collateral Documents,
or for any failure of any Loan Party or any other party to any Loan Document to perform its obligations hereunder, (v) responsible
for or have any duty to ascertain or inquire into the value or the sufficiency of any Collateral or (vi) responsible for or have
any duty to ascertain or inquire into 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. No Agent-Related Person shall be under any
obligation to any Lender or participant to ascertain or to inquire as to the observance or performance of any of the agreements contained
in, or conditions of, this Agreement or any other Loan Document, or to inspect the properties, books or records of any Loan Party or
any Affiliate thereof. The Administrative Agent shall not be responsible or have any liability for, or have any duty to ascertain, inquire
into, monitor or enforce, compliance with the provisions relating to Disqualified Institutions. Without limiting the generality of the
foregoing, the Administrative Agent shall not (x) be obligated to ascertain, monitor or inquire as to whether any Lender or participant
or prospective Lender or participant is a Disqualified Institution, (y) have any responsibility for enforcing the provisions relating
to Disqualified Institutions or (z) have any liability with respect to or arising out of any assignment or participant of loans,
or disclosure of confidential information, to, or the restriction on any exercise of rights or remedies of, any Disqualified Institution.

 

(b)            The
Administrative Agent shall not have any duty to (i) take any discretionary action or exercise any discretionary powers, except discretionary
rights and powers expressly contemplated hereby or by the other Loan Documents that such Agent is required to exercise as directed in
writing by the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the
other Loan Documents); provided that no Agent shall be required to take any action that, in its opinion or the opinion of its
counsel, may expose such Agent to liability or that is contrary to any Loan Document or applicable Law; and (ii) to disclose, except
as expressly set forth herein and in the other Loan Documents, and shall not be liable for the failure to disclose, any information relating
to Holdings or any of its Affiliates that is communicated to or obtained by any Person serving as an Agent or any of its Affiliates in
any capacity.

 

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Section 9.04            Reliance
by Agents.

 

(a)            Each
Agent shall be entitled to rely, and shall be fully protected in relying, upon any writing, communication, signature, resolution, representation,
notice, request, consent, certificate, instrument, affidavit, letter, telegram, facsimile, telex or telephone message, electronic mail
message, Internet or intranet website posting or other distribution statement or other document or conversation reasonably believed
by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons. Each Agent also may rely upon
any statement made to it orally or by telephone and reasonably 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 that by its terms must
be fulfilled to the satisfaction of a Lender, the Administrative Agent may presume that such condition is satisfactory to such Lender
unless the Administrative Agent shall have received notice to the contrary from such Lender prior to the making of such Loan. Each Agent
may consult with, and rely upon (and be fully protected in relying upon), advice and statements of legal counsel (including counsel to
any Loan Party), independent accountants and other experts selected by such Agent. Each Agent shall be fully justified in failing or
refusing to take any action under any Loan Document unless it shall first receive such advice or concurrence of the Required Lenders
(or such other number of Lenders as may be expressly required hereby in any instance) as it deems appropriate and, if it so requests,
it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense which may be incurred by it
by reason of taking or continuing to take any such action. Each Agent shall in all cases be fully protected in acting, or in refraining
from acting, under this Agreement or any other Loan Document in accordance with a request or consent of the Required Lenders (or such
other number of Lenders as may be expressly required hereby in any instance) and such request and any action taken or failure to act
pursuant thereto shall be binding upon all the Lenders.

 

(b)            For
purposes of determining compliance with the conditions specified in 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.

 

Section 9.05            Notice
of Default. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default, except with
respect to defaults in the payment of principal, interest and fees required to be paid to the Administrative Agent for the account of
the Lenders, unless the Administrative Agent shall have received written notice from a Lender or the Borrower referring to this Agreement,
describing such Default and stating that such notice is a “notice of default.” The Administrative Agent will notify the Lenders
of its receipt of any such notice. The Administrative Agent shall take such action with respect to any Event of Default as may be directed
by the Required Lenders in accordance with Article VIII; provided, however, that unless and until the Administrative
Agent has received any such direction, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from
taking such action, with respect to such Event of Default as it shall deem advisable or in the best interest of the Lenders.

 

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Section 9.06            Credit
Decision; Disclosure of Information by Agents. Each Lender acknowledges that no Agent-Related Person has made any representation
or warranty to it, and that no act by any Agent 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 any Agent-Related
Person to any Lender as to any matter, including whether Agent-Related Persons have disclosed material information in their possession.
Each Lender represents to each Agent that it has, independently and without reliance upon any Agent-Related Person and based on such
documents and information as it has deemed appropriate, made its own appraisal of, and investigation into, the business, prospects, operations,
property, financial and other condition and creditworthiness of the Loan Parties and their respective 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 Borrower and the other Loan Parties hereunder. Each Lender also represents that it will, independently and
without reliance upon any Agent-Related Person and based on such documents and information as it shall deem appropriate at the time,
continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement and the other
Loan Documents, and to make such investigations as it deems necessary to inform itself as to the business, prospects, operations, property,
financial and other condition and creditworthiness of the Borrower and the other Loan Parties. Except for notices, reports and other
documents expressly required to be furnished to the Lenders by any Agent herein, such Agent shall not have any duty or responsibility
to provide any Lender with any credit or other information concerning the business, prospects, operations, property, financial and other
condition or creditworthiness of any of the Loan Parties or any of their respective Affiliates which may come into the possession of
any Agent-Related Person.

 

Section 9.07            Indemnification
of Agents. Whether or not the transactions contemplated hereby are consummated, each Lender shall, on a ratable basis based on such
Lender’s Pro Rata Share of all the Facilities, indemnify upon demand each Agent-Related Person (to the extent not reimbursed by
or on behalf of any Loan Party and without limiting the obligation of any Loan Party to do so), and hold harmless each Agent-Related
Person in each case from and against any and all Indemnified Liabilities incurred by such Agent-Related Person; provided, however,
that no Lender shall be liable for any Indemnified Liabilities incurred by an Agent-Related Person to the extent such Indemnified Liabilities
are determined in a final, non-appealable judgment by a court of competent jurisdiction to have resulted from such Agent-Related Person’s
own gross negligence or willful misconduct; provided, however, that no action taken in accordance with the directions of
the Required Lenders (or such other number or percentage of the Lenders as shall be required by the Loan Documents) shall be deemed to
constitute gross negligence or willful misconduct for purposes of this Section 9.07. In the case of any investigation, litigation
or proceeding giving rise to any Indemnified Liabilities, this Section 9.07 shall apply whether or not any such investigation, litigation
or proceeding is brought by any Lender or any other Person. Without limiting the foregoing, each Lender shall reimburse the Administrative
Agent upon demand for its Pro Rata Share of any costs or out-of-pocket expenses (including the fees, disbursements and other charges
of counsel) incurred by the Administrative Agent in connection with the preparation, execution, delivery, administration, modification,
amendment or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities
under, this Agreement, any other Loan Document, or any document contemplated by or referred to herein, to the extent that the Administrative
Agent is not reimbursed for such expenses by or on behalf of the Borrower; provided that such reimbursement by the Lenders shall
not affect the Borrower’s continuing reimbursement obligations with respect thereto; provided further, that
failure of any Lender to indemnify or reimburse the Administrative Agent shall not relieve any other Lender of its obligation in respect
thereof. The undertaking in this Section 9.07 shall survive termination of the Aggregate Commitments, the payment of all other Obligations
and the resignation or removal of the Administrative Agent.

 

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Section 9.08            Agents
in their Individual Capacities. Any Agent and its Affiliates may make loans to, issue letters of credit for the account of, accept
deposits from, acquire Capital Stock in and generally engage in any kind of banking, trust, financial advisory, underwriting or other
business with each of the Loan Parties and their respective Affiliates as though it were not an Agent hereunder and without notice to
or consent of the Lenders. The Lenders acknowledge that, pursuant to such activities, an Agent or its Affiliates may receive information
regarding any Loan Party or its Affiliates (including information that may be subject to confidentiality obligations in favor of such
Loan Party or such Affiliate) and acknowledge that such Agent shall be under no obligation to provide such information to them. With
respect to its Loans, such Agent shall have the same rights and powers under this Agreement as any other Lender and may exercise such
rights and powers as though it were not an Agent, and the terms “Lender” and “Lenders” include such Agent in
its individual capacity (unless otherwise expressly indicated or unless the context otherwise requires).

 

Section 9.09            Successor
Agents. The Administrative Agent or Collateral Agent may resign as the Administrative Agent or Collateral Agent, as applicable, upon
30 days’ written notice to the Borrower and the Lenders. If the Administrative Agent or Collateral Agent or a controlling Affiliate
of the Administrative Agent or the Collateral Agent is subject to an Agent-Related Distress Event, the Borrower may remove such Agent
from such role upon ten (10) days’ written notice to the Lenders. The Required Lenders may remove the Administrative Agent
and Collateral Agent upon 30 days’ written notice to the Borrower and each of the other Lenders. Upon receipt of any such notice
of resignation or removal, the Required Lenders shall appoint from among the Lenders a successor agent for the Lenders, which successor
agent shall be either (i) a “U.S. person” and a “financial institution” within the meaning of Treasury Regulations
Section 1.1441-1(b)(2)(ii) or (ii) a U.S. branch of a foreign financial institution described in Treasury Regulations
Section 1.1141-1(b)(2)(iv)(A), and shall be consented to by the Borrower at all times other than during the existence of a Specified
Event of Default (which consent of the Borrower shall not be unreasonably withheld or delayed). If no successor agent is appointed prior
to the effective date of the resignation or removal, as applicable, of the Administrative Agent or Collateral Agent, as applicable, the
Administrative Agent or Collateral Agent (other than to the extent subject to an Agent-Related Distress Event or if the Administrative
Agent is being removed as a result of it being a Disqualified Institution), as applicable, may appoint, after consulting with the Lenders
and the Borrower, a successor agent, who shall be either (i) a “U.S. person” and a “financial institution”
within the meaning of Treasury Regulations Section 1.1441-1(b)(2)(ii) or (ii) a U.S. branch of a foreign financial institution
described in Treasury Regulations Section 1.1441-1(b)(2)(iv)(A), from among the Lenders. Upon the acceptance of its appointment
as successor agent hereunder, the Person acting as such successor agent shall succeed to all the rights, powers and duties of the retiring
Administrative Agent or Collateral Agent, as applicable, and the term “Administrative Agent” or “Collateral Agent,”
as applicable, means such successor administrative agent or such successor collateral agent, as applicable, and the retiring Administrative
Agent’s or Collateral Agent’s appointment, powers and duties as the Administrative Agent or Collateral Agent, as applicable,
shall be terminated. After the retiring Administrative Agent’s or Collateral Agent’s resignation or removal hereunder as
the Administrative Agent or Collateral Agent, the provisions of this Article IX and Sections 10.04 and 10.05 shall continue in effect
for its benefit as to any actions taken or omitted to be taken by it while it was the Administrative Agent or Collateral Agent under
this Agreement. If no successor agent has accepted appointment as the Administrative Agent or Collateral Agent by the date which is 30
days following the retiring Administrative Agent’s or Collateral Agent’s notice of resignation or removal, the retiring Administrative
Agent’s or Collateral Agent’s resignation or removal shall nevertheless thereupon become effective and (i) the retiring
or removed Administrative Agent or Collateral Agent, as applicable, 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 or Collateral Agent
on behalf of the Lenders under any of the Loan Documents, the retiring Agent shall continue to hold such collateral security as bailee,
trustee or other applicable capacity until such time as a successor of such Agent is appointed), (ii) all payments, communications
and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender directly,
until such time as the Required Lenders appoint a successor Administrative Agent as provided for above in this Section 9.09 and
(iii) the Lenders shall perform all of the duties of the Administrative Agent or Collateral Agent, as applicable, hereunder until
such time, if any, as the Required Lenders appoint a successor agent as provided for above. Upon the acceptance of any appointment as
the Administrative Agent or Collateral Agent hereunder by a successor and upon the execution and filing or recording of such financing
statements, or amendments thereto, and such amendments or supplements to the Mortgages, and such other instruments or notices, as may
be necessary or desirable, or as the Required Lenders may request, in order to continue the perfection of the Liens granted or purported
to be granted by the Collateral Documents, the Administrative Agent or Collateral Agent, as applicable, shall thereupon succeed to and
become vested with all the rights, powers, discretion, privileges, and duties of the retiring or removed Administrative Agent or Collateral
Agent. Upon the acceptance of any appointment as the Administrative Agent or Collateral Agent hereunder by a successor or upon the expiration
of the 30-day period following the retiring or removed Administrative Agent’s or Collateral Agent’s notice of resignation
or removal without a successor agent having been appointed, the retiring Administrative Agent or Collateral Agent, as applicable, shall
be discharged from its duties and obligations hereunder and under the other Loan Documents other than as specifically set forth in clause
(i) above of this Section 9.09 but the provisions of this Article IX and Sections 10.04 and 10.05 shall continue in effect
for the benefit of such retiring or removed Agent, its sub-agents and their respective Agent-Related Persons in respect of any actions
taken or omitted to be taken by any of them solely in respect of the Loan Documents or Obligations, as applicable, while the retiring
or removed Agent was acting as Administrative Agent or Collateral Agent, as applicable.

 

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Section 9.10            Administrative
Agent May File Proofs of Claim. In case of the pendency of any receivership, administrative receivership, judicial management,
insolvency, liquidation, bankruptcy, reorganization (by way of voluntary arrangement, schemes of arrangement or otherwise), arrangement,
adjustment, composition or other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the
principal of any Loan 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, subject to the Term Loan Intercreditor Agreement, 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 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
and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders
and the Administrative Agent and their respective agents and counsel to the extent provided for herein and all other amounts due the
Lenders and the Administrative Agent under Sections 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 administrator, administrative receiver,
custodian, receiver, assignee, trustee, judicial manager, liquidator, sequestrator or other similar official in any such judicial proceeding
is hereby authorized by each Lender to make such payments to the Administrative Agent and, in the event that the Administrative Agent
shall consent to the making of such payments directly to the Lenders, to pay to the Administrative Agent any amount due for the reasonable
compensation, expenses, disbursements and advances of the Agents and their respective agents and counsel, and any other amounts, in each
case, 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 any plan
of reorganization (by way of voluntary arrangement, schemes of arrangement or otherwise), arrangement, adjustment or composition affecting
the Obligations or the rights of any Lender or to authorize the Administrative Agent to vote in respect of the claim of any Lender in
any such proceeding.

 

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Section 9.11            Collateral
and Guaranty Matters.

 

(a)            Each
of the Lenders (including in their capacities as potential Hedge Banks party to a Secured Hedge Agreement and potential or actual Cash
Management Banks party to a Secured Cash Management Agreement) irrevocably authorizes the Administrative Agent and the Collateral Agent,
and each of the Administrative Agent and the Collateral Agent shall to the extent requested by the Borrower or, solely in the case of
clause (b)(ii) below, to the extent provided for under this Agreement, take the actions to be taken by them pursuant to clauses
(b) and (c) below;

 

(b)            Each
of the Lenders (including in their capacities as potential or actual Hedge Banks party to a Secured Hedge Agreement and potential or
actual Cash Management Banks party to a Secured Cash Management Agreement), each of the Agents and each other Secured Party agrees that,
notwithstanding anything to the contrary in this Agreement:

 

(i)             any
Lien on any property granted to or held by the Administrative Agent or Collateral Agent under any Loan Document shall be automatically
released (i) upon the satisfaction of the Termination Conditions, (ii) if sold, disposed of or distributed or to be sold, disposed
of or distributed as part of or in connection with any transaction permitted hereunder or under any other Loan Document, in each case
to a Person that is not a Loan Party, (iii) subject to Section 10.01, if approved, authorized or ratified in writing by the
Required Lenders, (iv) if such property constitutes Excluded Property as a result of an occurrence not prohibited hereunder or (v) if
such property is owned by a Subsidiary Guarantor, upon release of such Subsidiary Guarantor from its obligations under its Guaranty pursuant
to clause (iii) below;

 

(ii)            the
Administrative Agent or Collateral Agent, as applicable, shall (without notice to, or vote or consent of, any Secured Party) take such
actions as shall be required to release or subordinate any Lien on any property granted to or held by the Administrative Agent or Collateral
Agent under any Loan Document to the holder of any Permitted Lien on such property that is permitted by clauses (1) (solely with
respect to cash deposits), (4) (in the case of a release, solely with respect to cash deposits), (5), (6) (only with regard
to Section 7.01(d)), (9), (11) (solely with respect to cash deposits), (16), (17) (other than with respect to self-insurance arrangements),
(18), (21), (23) (solely to the extent relating to a lien of the type allowed pursuant to clause (9) of the definition thereof),
(24), (25), (26) (solely to the extent the Lien of the Collateral Agent on such property is not, pursuant to such agreements, required
or permitted to be senior to or pari passu with such Liens), (29) (solely with respect to cash deposits), (34), (39) (only for
so long as required to be secured for such letter of intent or investment), (45) (solely with respect to cash deposits), (46), (48) and
(50) of the definition thereof;

 

(iii)           any
Subsidiary Guarantor shall be automatically released from its obligations under the applicable Guaranty if in the case of any Subsidiary,
such Person ceases to be a Restricted Subsidiary or otherwise becomes an Excluded Subsidiary as a result of a transaction or designation
permitted hereunder; provided that in the case of any such Subsidiary Guarantor that becomes an Excluded Subsidiary solely as
a result of becoming a non-Wholly Owned Subsidiary, such Subsidiary Guarantor shall not be released from its obligations under this Agreement
and the Guaranty unless either (I) (a) such transaction is entered into for a bona fide business purpose (as determined in
good faith by the Borrower) and, for the avoidance of doubt, not the primary purpose of causing such release and (b) the portion
of Equity Interests that caused such Guarantor to cease to be wholly owned were not transferred to an Affiliate of the Borrower (other
than for purposes of a bona fide joint venture arrangement on terms that are not less favorable than arms-length terms), (II) such
person ceases to constitute a Subsidiary or (III) such Person otherwise constitutes an Excluded Subsidiary (other than solely on
account of constituting a non-Wholly Owned Subsidiary); and

 

(c)            the
Administrative Agent or Collateral Agent, as applicable, shall establish intercreditor arrangements as expressly contemplated by this
Agreement (including, for the avoidance of doubt, the ABL Intercreditor Agreement, the Term Loan Intercreditor Agreement or another Market
Intercreditor Agreement).

 

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Upon request by the Administrative
Agent at any time, the Required Lenders will confirm in writing the Collateral Agent’s authority to release or subordinate its
interest in particular types or items of property, or to release any Guarantor from its obligations under the Guaranty pursuant to this
Section 9.11. In each case as specified in this Section 9.11, the applicable Agent will (and each Lender irrevocably authorizes
the applicable Agent to), at the Borrower’s expense, execute and deliver to the applicable Loan Party such documents as such Loan
Party may reasonably request to evidence the release or subordination of such item of Collateral from the assignment and security interest
granted under the Collateral Documents, or to evidence the release of such Guarantor from its obligations under the Guaranty, in each
case in accordance with the terms of the Loan Documents and this Section 9.11; provided that, prior to the First Lien Termination
Date, and subject to the Term Loan Intercreditor Agreement, to the extent the First Lien Administrative Agent has released its Lien on
any Collateral pursuant to the First Lien Loan Documents (other than in connection with a complete payoff and termination thereof when
the Obligations hereunder remain outstanding), the Lien securing the Obligations shall be automatically and simultaneously released.
Additionally, upon reasonable request of the Borrower, the Collateral Agent will return possessory Collateral held by it that is released
from the security interests created by the Collateral Documents pursuant to this Section 9.11; provided that in each case
of this Section 9.11, the Borrower shall have delivered to the Administrative Agent and Collateral Agent a certificate of a Responsible
Officer of the Borrower certifying that any such transaction has been consummated in compliance with the Credit Agreement and the other
Loan Documents and that such release is permitted hereby; provided, that in the event that the Collateral Agent loses or misplaces
any possessory collateral delivered to the Collateral Agent by the Borrower, upon reasonable request of the Borrower, the Collateral
Agent shall provide a loss affidavit to the Borrower, in the form customarily provided by the Collateral Agent in such circumstances
and reasonably satisfactory to the Borrower.

 

Section 9.12            Other
Agents; Managers. None of the Lenders shall have any right, power, obligation, liability, responsibility or duty under this Agreement
other than those applicable to all Lenders as such. Without limiting the foregoing, none of the Lenders or other Persons so identified
shall have or be deemed to have any fiduciary relationship with any Lender. Each Lender acknowledges that it has not relied, and will
not rely, on any of the Lenders or other Persons so identified in deciding to enter into this Agreement or in taking or not taking action
hereunder.

 

Section 9.13            Secured
Cash Management Agreements and Secured Hedge Agreements. No Cash Management Bank or Hedge Bank that obtains the benefits of Section 8.04,
any Guaranty or any Collateral by virtue of the provisions hereof or of any Guaranty or any Collateral Document shall have any right
to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect
of the Collateral (including the release or impairment of any Collateral) other than in its capacity as a Lender and, in such case, only
to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Article IX to the contrary,
the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with
respect to, Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements 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 Cash Management Bank or Hedge Bank, as the case may be.

 

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Section 9.14            Appointment
of Supplemental Agents, Incremental Arrangers and Specified Refinancing Agents.

 

(a)            It
is the purpose of this Agreement and the other Loan Documents that there shall be no violation of any Law of any jurisdiction denying
or restricting the right of banking corporations or associations to transact business as agent or trustee in such jurisdiction. It is
recognized that in case of litigation under this Agreement or any of the other Loan Documents, and in particular in case of the enforcement
of any of the Loan Documents, or in case the Administrative Agent or the Collateral Agent deems that by reason of any present or future
Law of any jurisdiction it may not exercise any of the rights, powers or remedies granted herein or in any of the other Loan Documents
or take any other action which may be desirable or necessary in connection therewith, the Administrative Agent and the Collateral Agent
are hereby authorized to appoint an additional individual or institution selected by them in their sole discretion as a separate trustee,
co-trustee, administrative agent, collateral agent, administrative sub-agent or administrative co-agent, as applicable (any such additional
individual or institution being referred to herein individually as a “Supplemental Agent” and collectively as “Supplemental
Agents”).

 

(b)            In
the event that the Administrative Agent or the Collateral Agent appoints a Supplemental Agent with respect to any Collateral, (i) each
and every right, power, privilege or duty expressed or intended by this Agreement or any of the other Loan Documents to be exercised by
or vested in or conveyed to the Administrative Agent or the Collateral Agent with respect to such Collateral shall be exercisable by and
vest in such Supplemental Agent, to the extent, and only to the extent, necessary to enable such Supplemental Agent, to exercise such
rights, powers and privileges with respect to such Collateral and to perform such duties with respect to such Collateral, and every covenant
and obligation contained in the Loan Documents and necessary to the exercise or performance thereof by such Supplemental Agent, shall
run to and be enforceable by either the Administrative Agent and the Collateral Agent or such Supplemental Agent, and (ii) the provisions
of this Article IX and of Sections 10.04 and 10.05 (obligating the Borrower to pay the Administrative Agent’s and the Collateral
Agent’s expenses and to indemnify the Administrative Agent and the Collateral Agent) that refer to the Administrative Agent and/or
the Collateral Agent shall inure to the benefit of such Supplemental Agent and all references therein to the Administrative Agent and/or
Collateral Agent shall be deemed to be references to the Administrative Agent and/or Collateral Agent and/or such Supplemental Agent,
as the context may require.

 

(c)            Should
any instrument in writing from the Borrower, Holdings or any other Loan Party be required by any Supplemental Agent so appointed by the
Administrative Agent or the Collateral Agent for more fully and certainly vesting in and confirming to him or it such rights, powers,
privileges and duties, the Borrower or Holdings, as applicable, shall, or shall cause such Loan Party to, execute, acknowledge and deliver
any and all such instruments promptly upon request by the Administrative Agent or the Collateral Agent. In case any Supplemental Agent,
or a successor thereto, shall die, become incapable of acting, resign or be removed, all the rights, powers, privileges and duties of
such Supplemental Agent to the extent permitted by Law, shall vest in and be exercised by the Administrative Agent or the Collateral Agent,
as applicable, until the appointment of a new Supplemental Agent.

 

(d)            In
the event that the Borrower appoints or designates any Incremental Arranger or Specified Refinancing Agent pursuant to Sections 2.14 or
2.18, as applicable, (i) each and every right, power, privilege or duty expressed or intended by this Agreement or any of the other
Loan Documents to be exercised by or vested in or conveyed to an agent or arranger with respect to New Loan Commitments or Specified Refinancing
Debt, as applicable, shall be exercisable by and vest in such Incremental Arranger or Specified Refinancing Agent to the extent, and only
to the extent, necessary to enable such Incremental Arranger or Specified Refinancing Agent to exercise such rights, powers and privileges
with respect to the New Loan Commitments or Specified Refinancing Debt, as applicable, and to perform such duties with respect to such
New Loan Commitments or Specified Refinancing Debt, and every covenant and obligation contained in the Loan Documents and necessary to
the exercise or performance thereof by such Incremental Arranger or Specified Refinancing Agent shall run to and be enforceable by either
the Administrative Agent or such Incremental Arranger or Specified Refinancing Agent, and (ii) the provisions of this Article IX
and of Sections 10.04 and 10.05 (obligating the Borrower to pay the Administrative Agent’s and the Collateral Agent’s expenses
and to indemnify the Administrative Agent and the Collateral Agent) that refer to the Administrative Agent and/or the Collateral Agent
shall inure to the benefit of such Incremental Arranger or Specified Refinancing Agent and all references therein to the Administrative
Agent and/or Collateral Agent shall be deemed to be references to the Administrative Agent and/or Collateral Agent and/or such Incremental
Arranger or Specified Refinancing Agent, as the context may require. Each Lender hereby irrevocably appoints any Incremental Arranger
or Specified Refinancing Agent to act on its behalf hereunder and under the other Loan Documents pursuant to Sections 2.14 or 2.18, as
applicable, and designates and authorizes such Incremental Arranger or Specified Refinancing Agent to take such actions on its behalf
under the provisions of this Agreement and each other Loan Document and to exercise such powers and perform such duties as are expressly
delegated to such Incremental Arranger or Specified Refinancing Agent by the terms of this Agreement or any other Loan Document, together
with such actions and powers as are reasonably incidental thereto.

 

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Section 9.15         Intercreditor
Agreement.

 

(a)            The
Administrative Agent and the Collateral Agent are authorized by the Lenders and other Secured Parties to, to the extent required by the
terms of the Loan Documents, (i) enter into the ABL Intercreditor Agreement, the Term Loan Intercreditor Agreement and any other
intercreditor agreement expressly contemplated by this Agreement, (ii) enter into any Collateral Document, or (iii) make or
consent to any filings or take any other actions in connection therewith (and any amendments, amendments and restatements, restatements
or waivers of or supplements to or other modifications to, such agreements in connection with the Incurrence by any Loan Party of any
Indebtedness of such Loan Party that is permitted to be secured pursuant to Sections 7.01 and 7.02 of this Agreement, in order to permit
such Indebtedness to be secured by a valid, perfected lien on the Collateral (with such priority as may be designated by such Loan Party,
to the extent such priority is permitted by the Loan Documents)), and the parties hereto acknowledge that the ABL Intercreditor Agreement,
the Term Loan Intercreditor Agreement any other intercreditor agreement, Collateral Document, consent, filing or other action will be
binding upon them. Each Lender and other Secured Party (a) understands, acknowledges and agrees that Liens will be created on Collateral
pursuant to the ABL Loan Documents and the First Lien Loan Documents, which Liens shall be subject to the terms and conditions of the
ABL Intercreditor Agreement and the Term Loan Intercreditor Agreement (as applicable), (b) hereby agrees that it will be bound by
and will take no actions contrary to the provisions of the ABL Intercreditor Agreement, the Term Loan Intercreditor Agreement or any other
intercreditor agreement (if entered into) and (c) hereby authorizes and instructs the Administrative Agent and the Collateral Agent
to enter into the ABL Intercreditor Agreement, the Term Loan Intercreditor Agreement and any other intercreditor agreement contemplated
by this Agreement or Collateral Document (and any amendments, amendments and restatements, restatements or waivers of or supplements to
or other modifications to, such agreements in connection with the Incurrence by any Loan Party of any Indebtedness of such Loan Party
that is permitted to be secured pursuant to Sections 7.01 and 7.02 of this Agreement, in order to permit such Indebtedness to be secured
by a valid, perfected lien on the Collateral (with such priority as may be designated by such Loan Party, to the extent such priority
is permitted by the Loan Documents)), and to subject the Liens on the Collateral securing the Obligations to the provisions thereof.

 

(b)            The
terms of this Agreement and the other Loan Documents (other than the ABL Intercreditor Agreement or the Term Loan Intercreditor Agreement),
any Lien granted to the Administrative Agent pursuant to any Loan Document and the exercise of any right or remedy by the Administrative
Agent hereunder are subject to the provisions of the ABL Intercreditor Agreement and the Term Loan Intercreditor Agreement. In the event
of any inconsistency between the provisions of this Agreement and the Loan Documents (other than the ABL Intercreditor Agreement or the
Term Loan Intercreditor Agreement), on the one hand, and the ABL Intercreditor Agreement or the Term Loan Intercreditor Agreement, on
the other hand, the provisions of the ABL Intercreditor Agreement or the Term Loan Intercreditor Agreement, as applicable, shall supersede
the provisions of this Agreement and the Loan Documents (other than the ABL Intercreditor Agreement). Without limiting the generality
of the foregoing, and notwithstanding anything herein to the contrary, all rights and remedies of the Administrative Agent and the Lenders
shall be subject to the terms of the ABL Intercreditor Agreement, and until the Discharge of ABL Obligations (as defined in the ABL Intercreditor
Agreement), (i) except for express requirements of this Agreement or the other Loan Documents, no Loan Party shall be required hereunder
or under any other Loan Document to take any action in respect of the ABL Priority Collateral that is inconsistent with such Loan Party’s
obligations under the ABL Loan Documents except if otherwise provided in the ABL Intercreditor Agreement and (ii) any obligation
of any Loan Party hereunder or under any other Loan Document with respect to the delivery of any ABL Priority Collateral, shall be deemed
to be satisfied if such Loan Party delivers such ABL Priority Collateral to the ABL Representative as bailee for the Collateral Agent
pursuant to the terms of the Intercreditor Agreement.

 

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Section 9.16         Withholding
Tax. To the extent required by any applicable Law, the Administrative Agent may withhold from any payment to any Lender an amount
equivalent to any applicable withholding Tax. Without limiting or expanding the provisions of Section 3.01, each Lender shall indemnify
the Administrative Agent against, and shall make payable in respect thereof within 30 days after demand therefor, all Taxes and all
related losses, claims, liabilities and expenses (including fees, charges and disbursements of any counsel for the Administrative Agent)
incurred by or asserted against the Administrative Agent by the U.S. Internal Revenue Service or any other Governmental Authority as a
result of the failure of the Administrative Agent to properly withhold tax from amounts paid to or for the account of any Lender for any
reason (including, without limitation, because the appropriate form was not delivered or not properly executed, or because such Lender
failed to notify the Administrative Agent of a change in circumstance that rendered the exemption from, or reduction of withholding tax
ineffective), whether or not such Tax was correctly or legally imposed or asserted. 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 this Agreement, any other Loan
Document or otherwise against any amount due the Administrative Agent under this Section 9.16. The agreements in this Section 9.16
shall survive the resignation and/or replacement of the Administrative Agent, any assignment of rights by, or the replacement of, a Lender
and the repayment, satisfaction or discharge of all other obligations under any Loan Document.

 

Section 9.17         ERISA
Matters.

 

(a)            Each
Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, 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 its Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party, that at
least one of the following is and will be true:

 

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

 

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(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 Commitments and this Agreement, (C) the entrance into, participation in, administration
of and performance of the Loans, the Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) of
Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I
of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the
Loans, the Commitments and this Agreement, or

 

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

 

(b)            In
addition, unless either (1) sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or
(2) a Lender has provided another representation, warranty and covenant in accordance with sub-clause (iv) in the immediately
preceding clause (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, 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 its Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrower
or any other Loan Party, that none of the Administrative Agent or any of its 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).

 

Section 9.18         Erroneous
Payments.

 

(a)            If
the Administrative Agent (x) notifies a Lender or Secured Party, or any Person who has received funds on behalf of a Lender or Secured
Party (any such Lender, Secured Party or other recipient (and each of their respective successors and assigns), a “Payment Recipient”)
that the Administrative Agent has determined in its sole discretion (whether or not after receipt of any notice under immediately succeeding
clause (b)) that any funds (as set forth in such notice from the Administrative Agent) received by such Payment Recipient from the Administrative
Agent or any of its Affiliates were erroneously or mistakenly transmitted to, or otherwise erroneously or mistakenly received by, such
Payment Recipient (whether or not known to such Lender, Secured Party or other Payment Recipient on its behalf) (any such funds, whether
transmitted or received as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise, individually and
collectively, an “Erroneous Payment”) and (y) demands in writing the return of such Erroneous Payment (or a portion
thereof), such Erroneous Payment shall at all times remain the property of the Administrative Agent pending its return or repayment as
contemplated below in this Section 9.18 and such Lender or Secured Party shall (or, with respect to any Payment Recipient who received
such funds on its behalf, shall cause such Payment Recipient to) promptly, but in no event later than two Business Days thereafter (or
such later date as the Administrative Agent may, in its sole discretion, specify in writing), return to the Administrative Agent the amount
of any such Erroneous Payment (or portion thereof) as to which such a demand was made, in same day funds (in the currency so received),
together with interest thereon (except to the extent waived in writing by the Administrative Agent) in respect of each day from and including
the date such Erroneous Payment (or portion thereof) was received by such Payment Recipient to the date such amount is repaid to the Administrative
Agent in same day funds 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 from time to time in effect. A notice of the Administrative Agent to any Payment
Recipient under this clause (a) shall be conclusive, absent manifest error.

 

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(b)            Without
limiting immediately preceding clause (a), each Payment Recipient agrees that if it receives a payment, prepayment or repayment (whether
received as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise) from the Administrative Agent
(or any of its Affiliates) (x) that is in a different amount than, or on a different date from, that specified in this Agreement
or in a notice of payment, prepayment or repayment sent by the Administrative Agent (or any of its Affiliates) with respect to such payment,
prepayment or repayment (a “Payment Notice”), (y) that was not preceded or accompanied by a Payment Notice or
(z) that such Payment Recipient otherwise becomes aware was transmitted, or received, in error or by mistake (in whole or in part),
then in each such case:

 

(i)             it
acknowledges and agrees that (A) in the case of immediately preceding clauses (x) or (y), an error and mistake shall be presumed
to have been made (absent written confirmation from the Administrative Agent to the contrary) or (B) an error and mistake has been
made (in the case of immediately preceding clause (z)), in each case, with respect to such payment, prepayment or repayment; and

 

(ii)            such
Payment Recipient shall (and shall use commercially reasonable efforts to cause any other recipient that receives funds on its respective
behalf to) promptly (and, in all events, within one Business Day of its knowledge of the occurrence of any of the circumstances described
in immediately preceding clauses (x), (y) and (z)) notify the Administrative Agent of its receipt of such payment, prepayment or
repayment, the details thereof (in reasonable detail) and that it is so notifying the Administrative Agent pursuant to this Section 9.18(b).

 

For the avoidance of doubt, the failure to deliver
a notice to the Administrative Agent pursuant to this Section 9.18(b) shall not have any effect on a Payment Recipient’s
obligations pursuant to Section 9.18(a) or on whether or not an Erroneous Payment has been made.

 

(c)            Each
Lender or Secured Party hereby authorizes the Administrative Agent to set off, net and apply any and all amounts at any time owing to
such Lender or Secured Party under any Loan Document, or otherwise payable or distributable by the Administrative Agent to such Lender
or Secured Party under any Loan Document with respect to any payment of principal, interest, fees or other amounts, against any amount
that the Administrative Agent has demanded to be returned under immediately preceding clause (a).

 

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(d)

 

(i)             In
the event that an Erroneous Payment (or portion thereof) is not recovered by the Administrative Agent for any reason, after demand therefor
in accordance with immediately preceding clause (a), from any Lender that has received such Erroneous Payment (or portion thereof) (and/or
from any Payment Recipient who received such Erroneous Payment (or portion thereof) on its respective behalf) (such unrecovered amount,
an “Erroneous Payment Return Deficiency”), upon the Administrative Agent’s notice to such Lender at any time,
then effective immediately (with the consideration therefor being acknowledged by the parties hereto), (A) such Lender shall be deemed
to have assigned its Loans (but not its Commitments ) of the relevant Tranche with respect to which such Erroneous Payment was made (the
 “Erroneous Payment Impacted Class”) in an amount equal to the Erroneous Payment Return Deficiency (or such lesser amount
as the Administrative Agent may specify) (such assignment of the Loans (but not Commitments) of the Erroneous Payment Impacted Class,
the “Erroneous Payment Deficiency Assignment”) (on a cashless basis and such amount calculated at par plus any accrued
and unpaid interest (with the assignment fee to be waived by the Administrative Agent in such instance)), and is hereby (together with
the Borrower) deemed to execute and deliver an Assignment and Assumption (or, to the extent applicable, an agreement incorporating an
Assignment and Assumption by reference) with respect to such Erroneous Payment Deficiency Assignment, and such Lender shall deliver any
Notes evidencing such Loans to the Borrower or the Administrative Agent (but the failure of such Person to deliver any such Notes shall
not affect the effectiveness of the foregoing assignment), (B) the Administrative Agent as the assignee Lender shall be deemed to
have acquired the Erroneous Payment Deficiency Assignment, (C) upon such deemed acquisition, the Administrative Agent as the assignee
Lender shall become a Lender, as applicable, hereunder with respect to such Erroneous Payment Deficiency Assignment and the assigning
Lender shall cease to be a Lender, as applicable, hereunder with respect to such Erroneous Payment Deficiency Assignment, excluding, for
the avoidance of doubt, its obligations under the indemnification provisions of this Agreement and its applicable Commitments which shall
survive as to such assigning Lender, (D) the Administrative Agent and the Borrower shall each be deemed to have waived any consents
required under this Agreement to any such Erroneous Payment Deficiency Assignment, and (E) the Administrative Agent will reflect
in the Register its ownership interest in the Loans subject to the Erroneous Payment Deficiency Assignment. For the avoidance of doubt,
no Erroneous Payment Deficiency Assignment will reduce the Commitments of any Lender and such Commitments shall remain available in accordance
with the terms of this Agreement.

 

(ii)            Subject
to Section 10.07, the Administrative Agent may, in its discretion, sell any Loans acquired pursuant to an Erroneous Payment Deficiency
Assignment and upon receipt of the proceeds of such sale, the Erroneous Payment Return Deficiency owing by the applicable Lender shall
be reduced by the net proceeds of the sale of such Loan (or portion thereof), and the Administrative Agent shall retain all other rights,
remedies and claims against such Lender (and/or against any recipient that receives funds on its respective behalf). In addition, an Erroneous
Payment Return Deficiency owing by the applicable Lender (x) shall be reduced by the proceeds of prepayments or repayments of principal
and interest, or other distribution in respect of principal and interest, received by the Administrative Agent on or with respect to any
such Loans acquired from such Lender pursuant to an Erroneous Payment Deficiency Assignment (to the extent that any such Loans are then
owned by the Administrative Agent) and (y) may, in the sole discretion of the Administrative Agent, be reduced by any amount specified
by the Administrative Agent in writing to the applicable Lender from time to time.

 

(e)            Each
party hereto agrees that, except to the extent that the Administrative Agent has sold any Loans acquired pursuant to an Erroneous Payment
Deficiency Assignment, and irrespective of whether the Administrative Agent may be equitably subrogated, the Administrative Agent shall
be contractually subrogated to all the rights and interests of the applicable Payment Recipient with respect to the Erroneous Payment
Return Deficiency.

 

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(f)             To
the extent permitted by applicable law, no Payment Recipient shall assert any right or claim to an Erroneous Payment, and hereby waives,
and is deemed to waive, any claim, counterclaim, defense or right of set-off or recoupment with respect to any demand, claim or counterclaim
by the Administrative Agent for the return of any Erroneous Payment received, including, without limitation, any defense based on “discharge
for value” or any similar doctrine.

 

(g)            Each
party’s obligations, agreements and waivers under this Section 9.18 shall survive the resignation or replacement of the Administrative
Agent, any transfer of rights or obligations by, or the replacement of, a Lender, the termination of the Commitments and/or the repayment,
satisfaction or discharge of all Obligations (or any portion thereof) under any Loan Document.

 

(h)            This
Section 9.18 shall not apply to the disbursement of any proceeds of a Loan to or at the express direction of the Borrower, unless
otherwise expressly agreed in writing by the Borrower, and no Erroneous Payment shall, constitute, create, increase or otherwise alter
any Obligations of the Loan Parties under the Loan Documents or otherwise.

 

(i)              In
addition, (i) no payment of Obligations made in accordance with this Agreement with funds received by the Administrative Agent from
the Borrower or any other Loan Party for the purpose of satisfying such Obligations shall constitute an Erroneous Payment, unless otherwise
expressly agreed in writing by the Borrower and (ii) without limiting clause (e) above, notwithstanding anything to the contrary
herein or in any other Loan Document, neither the Borrower nor any other Loan Party shall have any liability for any actions or inactions
of any Payment Recipient, including any failure by any Payment Recipient to comply with the above provisions of this Section 9.18,
and the Administrative Agent expressly agrees, on behalf of itself and its Affiliates, that, notwithstanding anything in Section 10.05
to the contrary, no Loan Party shall have any liability for losses, claims, damages, liabilities and expenses (including attorneys’
fees) arising out of, resulting from or in connection with any such actions or inactions of any Payment Recipient in respect of any Erroneous
Payment. Notwithstanding anything to the contrary in this Section 9.18 or in any other Loan Document, the Borrower and the Loan Parties
shall have no obligations, liabilities or responsibilities for any actions, consequences or remediation (including the repayment or recovery
of any amounts) contemplated by this Section 9.18 (and, for the avoidance of doubt, it is understood and agreed that if a Loan Party
has paid principal, interest or any other amounts owed pursuant to a Loan Document, nothing in this Section 9.18 (or Section 10.05
(or any equivalent provision) in connection therewith) shall require any such Loan Party to pay additional amounts that are duplicative
of such previously paid amounts).

 

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ARTICLE X.

Miscellaneous

 

Section 10.01       Amendments,
Etc. Except as otherwise expressly set forth in this Agreement or the applicable Loan Document, no amendment or waiver of any provision
of this Agreement or any other Loan Document, and no consent to any departure by the Borrower or any other Loan Party therefrom, shall
be effective unless in writing signed by the Required Lenders (or by the Administrative Agent at the instruction of the Required Lenders)
and the Borrower or the applicable Loan Party, as the case may be (other than with respect to any amendment or waiver contemplated by
clauses (a), (b), (c) and (d) below, which shall only require the consent of the applicable Loan Parties and the Lenders expressly
set forth therein (and not the Required Lenders)), and each such amendment, waiver or consent shall be effective only in the specific
instance and for the specific purpose for which given; provided, however, that no such amendment, waiver or consent shall:

 

(a)         extend
or increase the Commitment of any Lender, in each case without the written consent of such Lender (it being understood that the waiver
of (or amendment to the terms of) any Default or Event of Default, condition precedent, mandatory prepayment or mandatory reduction of
the Commitments shall not constitute an extension or increase of any Commitment of any Lender);

 

(b)         postpone
any date scheduled for, or reduce the amount of, any payment of principal of, or interest on, any Loan or any fees or other amounts payable
hereunder, without the written consent of each Lender directly and adversely affected thereby (and subject to such further requirements
as may be applicable thereto under the last two paragraphs of this Section 10.01), it being understood that (x) the waiver of
any obligation to pay interest at the Default Rate, the amendment or waiver of any mandatory prepayment of Loans, the waiver of (or amendment
to the terms of) any Default or Event of Default, and extensions for administrative convenience as agreed by the Administrative Agent
shall not constitute a postponement of any date scheduled for the payment of principal, interest or fees and (y) the waiver of any
obligation to pay interest at the Default Rate, the waiver of (or amendment to the terms of) any Default, Event of Default or condition
precedent, mandatory prepayment or the MFN Adjustment or any change to the definition of a financial ratio or in the component definitions
thereof shall not constitute a reduction in any payment of principal of, or interest on, any Loan or any fees or other amounts;

 

(c)         reduce
the principal of, or the rate of interest specified herein on, or change the currency of, any Loan (it being understood that a waiver
of any Default or Event of Default or mandatory prepayment shall not constitute a reduction or forgiveness of principal), or any fees
or other amounts payable hereunder or under any other Loan Document without the written consent of each Lender directly and adversely
affected thereby, it being understood that any change to the definition of a financial ratio or in the component definitions thereof shall
not constitute a reduction in any rate of interest or any fees based thereon; provided, however, that only the consent of
the Required Lenders shall be necessary to amend the definition of “Default Rate” or to waive any obligation of the Borrower
to pay interest at the Default Rate and the waiver of or any amendment to the MFN Adjustment shall not constitute a reduction in any rate
of interest or any fees based thereon;

 

(d)         modify
the provisions of Section 2.12(a), 2.13 or 8.04 in a manner that would by its terms alter the pro rata sharing or application of
payments required thereby without the written consent of each Lender directly and adversely affected thereby;

 

(e)         change
any provision of this Section 10.01 (other than the last three paragraphs of this Section), or the definition of “Required
Lenders,” or any other provision hereof specifying the number or percentage of Lenders or portion of the Loans or Commitments required
to amend, waive or otherwise modify any rights hereunder or make any determination or grant any consent hereunder (other than modifications
in connection with repurchases of Term Loans, amendments with respect to the New Term Facilities and amendments with respect to extensions
of maturity, which shall only require the written consent of each Lender directly and adversely affected thereby), without the written
consent of each Lender;

 

(f)          other
than in a transaction permitted under Section 7.03 or Section 7.04, release all or substantially all of the Liens on the Collateral
in any transaction or series of related transactions, without the written consent of each Lender;

 

(g)         other
than in a transaction permitted under Section 7.03 or Section 7.04, release all or substantially all of the Guarantees provided
by the Guarantors, or all or substantially all of the Guarantors, without the written consent of each Lender (in each case, except (A) if
released by the First Lien Administrative Agent under the Term Loan Intercreditor Agreement or (B) if otherwise expressly required
under a Market Intercreditor Agreement); or

 

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(h)         contractually
subordinate the Liens on all or substantially all (as determined by the Borrower in good faith) of the Collateral securing the Obligations
to any Lien securing any other Indebtedness for borrowed money without the written consent of each Lender directly and adversely affected
thereby, other than in connection with (x) any Indebtedness expressly permitted by this Agreement and (y) any Indebtedness with
respect to which each then-existing Lender with respect to the applicable class of Loans is offered the opportunity (on a ratable basis)
to provide such Indebtedness on the same terms and conditions;

 

and provided further that
(i) no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent or the Collateral Agent, as
applicable, in their respective capacities as such, in addition to the Borrower and the Lenders required above, affect the rights or
duties of, or any fees or other amounts payable to, the Administrative Agent or the Collateral Agent, as applicable, under this Agreement
or any other Loan Document; and (ii) Section 10.07(g) may not be amended, waived or otherwise modified without the consent
of each Granting Lender all or any part of whose Loans are being funded by an SPC at the time of such amendment, waiver or other modification.
Notwithstanding anything to the contrary herein, any amendment, modification, waiver or other action 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
or Affiliate Lenders (other than Debt Fund Affiliates), except that (x) no amendment, waiver or consent relating to Section 10.01(a),
(b) or (c) may be effected, in each case without the consent of such Defaulting Lender or Affiliate Lender and (y) any
amendment, modification, waiver or other action that by its terms adversely affects any Defaulting Lender or Affiliate Lender in its
capacity as a Lender in a manner that differs in any material respect from, and is more adverse to such Defaulting Lender or Affiliate
Lender than it is to, other affected Lenders shall require the consent of such Defaulting Lender or Affiliate Lender. Notwithstanding
anything to the contrary herein, any waiver, amendment, modification or consent in respect of this Agreement or any other Loan Document
that by its terms affects the rights or duties under this Agreement or any other Loan Document of Lenders holding Loans or Commitments
of a particular Tranche (but not the Lenders holding Loans or Commitments of any other Tranche) may be effected by an agreement or agreements
in writing entered into by the Borrower and the requisite percentage in interest of the Lenders with respect to such Tranche that would
be required to consent thereto under this Section 10.01 if such Lenders were the only Lenders hereunder at the time.

 

This Section 10.01 shall
be subject to any contrary provision of Section 1.09, Section 2.14 or Section 2.18. In addition, notwithstanding anything
else to the contrary contained in this Section 10.01, (a) amendments and modifications in connection with the transactions provided
for by Section 2.14 or Section 2.18 that benefit existing Lenders (in the reasonable judgment of the Administrative Agent) may
be effected without such Lenders’ consent, (b) if the Administrative Agent and the Borrower shall have jointly identified an
obvious error or any error, ambiguity or omission, defect or inconsistency of a technical or administrative 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 and (c) the
Administrative Agent and the Borrower shall be permitted to amend or waive any provision of any Collateral Document, the Guaranty, or
enter into any new agreement or instrument, to be consistent with this Agreement and the other Loan Documents or as required by local
law or advised by local counsel in the applicable jurisdiction to give effect to any guaranty, or to give effect to or to protect any
security interest for the benefit of the Secured Parties, in any property so that the security interests comply with applicable Law or
otherwise to comply with local law, and in each case, such amendments, waivers documents and agreements shall become effective without
any further action or consent of any other party to any Loan Document.

 

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Notwithstanding anything to
the contrary herein, in connection with any amendment, modification, waiver or other action requiring the consent or approval of Required
Lenders, Lenders that are Debt Fund Affiliates shall not be permitted, in the aggregate, to account for more than 49.9% of the amounts
actually included in determining whether the threshold in the definition of “Required Lenders” has been satisfied, with amounts
in excess of 49.9% being deemed to have voted pro rata to the relevant Lenders that are not Debt Fund Affiliates.

 

Notwithstanding anything to
the contrary herein, at any time and from time to time, upon notice to the Administrative Agent (who shall promptly notify the applicable
Lenders) specifying in reasonable detail the proposed terms thereof, the Borrower may make one or more loan modification offers to (i) Lenders
of any Facility that would, if and to the extent accepted by any such Lender (each, an “Accepting Lender”), (a) extend
the scheduled Maturity Date of the Loans and Commitments under such Facility and/or change the Applicable Rate and/or fees payable with
respect to the Loans and Commitments under such Facility (in each case solely with respect to the Loans and Commitments of Accepting Lenders
in respect of which an acceptance is delivered) and (b) treat the Loans and Commitments so modified as a new “Facility”
for all purposes under this Agreement; provided that no loan modification shall affect the rights or duties of, or any fees or
other amounts payable to, the Administrative Agent, without its prior written consent or (ii) Lenders of any Facility that would,
if and to the extent accepted by any Accepting Lender, (a) extend the scheduled Maturity Date of the Loans and Commitments under
such Facility and, if applicable, change the Applicable Rate and/or fees payable with respect to the Loans and Commitments under such
Facility (in each case solely with respect to the Loans and Commitments of accepting Lenders in respect of which an acceptance is delivered)
and (b) treat the Loans and Commitments so modified as a new “Facility” for all purposes under this Agreement; provided
that in no event shall (x) extended Loans and Commitments receive a greater than ratable share of any optional or mandatory prepayments
than such non-extended Loans and Commitments of the original Facility from which such Loans and Commitments are extended (the “Non-Extended
Loans and Commitments”), in each case, prior to the final maturity date of such Non-Extended Loans and Commitments applicable
at the time of such loan modification and (y) no loan modification shall affect the rights or duties of, or any fees or other amounts
payable to, the Administrative Agent, without its prior written consent.

 

In connection with any such
loan modification offer, the Borrower and each Accepting Lender shall execute and deliver to the Administrative Agent such agreements
and other documentation as the Administrative Agent shall reasonably specify to evidence the acceptance of the applicable loan modification
offer and the terms and conditions thereof, and this Agreement and the other Loan Documents shall be amended in a writing (which may be
executed and delivered by the Borrower and the Administrative Agent and shall be effective only with respect to the applicable Loans and
Commitments of Lenders that shall have accepted the relevant loan modification offer (and only with respect to Loans and Commitments as
to which any such Lender has accepted the loan modification offer)) to the extent necessary or appropriate, in the judgment of the Administrative
Agent, to reflect the existence of, and to give effect to the terms and conditions of, the applicable loan modification (including the
addition of such modified Loans and/or Commitments as a “Facility” hereunder). No Lender shall have any obligation whatsoever
to accept any loan modification offer, and may reject any such offer in its sole discretion. Notwithstanding the foregoing, no modification
referred to above shall become effective unless the Administrative Agent, to the extent reasonably requested by the Administrative Agent,
shall have received legal opinions, board resolutions, officer’s certificates and/or reaffirmation agreements with respect to such
transaction.

 

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Notwithstanding anything to
the contrary herein, in connection with any determination as to whether the requisite Lenders have (A) consented (or not consented)
to any amendment, modification or waiver of any provision of this Agreement or any other Loan Document or any departure by Holdings, the
Borrower or any Restricted Subsidiary therefrom, (B) otherwise acted on any matter related to this Agreement or any Loan Document
or (C) directed or required the Administrative Agent or any Lender to undertake any action (or refrain from taking any action) with
respect to, or under, this Agreement or any Loan Document, any Lender (other than any Lender that is a Regulated Bank or any Affiliate
thereof) (or any Affiliate of any such Lender (provided that for purposes of this paragraph, Affiliates of Net Short Lenders shall
not include Persons that are subject to customary procedures to prevent the sharing of confidential information between such Lender and
such Person and such Person is managed having independent fiduciary duties to the investors or other equityholders of such Person) that,
as a result of its (or its Affiliates’) interest in any total return swap, total rate of return swap, credit default swap or other
derivative contract (other than any such total return swap, total rate of return swap, credit default swap or other derivative contract
entered into pursuant to bona fide market making activities), has a net short position with respect to any of the Loans or Commitments
or with respect to any other tranche, class or series of Indebtedness for borrowed money incurred or issued by Holdings or any of its
Restricted Subsidiaries (including commitments with respect to any revolving credit facility) (each such item of Indebtedness, including
the Loan and Commitments, “Specified Indebtedness”), on the later of (x) the date such amendment, modification
or waiver is posted for review by Lenders generally and (y) the date, if any, that such Lender consents to such amendment, modification
or waiver (each such Lender, a “Net Short Lender”) shall have no right to vote with respect to any amendment, modification
or waiver of this Agreement or any other Loan Documents and shall be deemed to have voted its interest as a Lender without discretion
in the same proportion as the allocation of voting with respect to such matter by Lenders who are not Net Short Lenders (including in
any plan of reorganization, adjustment or composition or similar arrangement).  For purposes of determining whether a Lender (alone
or together with its Affiliates) has a “net short position” on any date of determination: (i) derivative contracts with
respect to any Specified Indebtedness and such contracts that are the functional equivalent thereof shall be counted at the notional amount
of such contract in Dollars, (ii) notional amounts in other currencies shall be converted to the dollar equivalent thereof by such
Lender in a commercially reasonable manner consistent with generally accepted financial practices and based on the prevailing conversion
rate (determined on a mid-market basis) on the date of determination, (iii) derivative contracts in respect of an index that includes
Holdings or any other Restricted Subsidiary or any instrument issued or guaranteed by Holdings or any other Restricted Subsidiary shall
not be deemed to create a short position with respect to such Specified Indebtedness, so long as (x) such index is not created, designed,
administered or requested by such Lender or its Affiliates and (y) Holdings and the other Restricted Subsidiaries and any instrument
issued or guaranteed by Holdings and the other Restricted Subsidiaries, collectively, shall represent less than 5.0% of the components
of such index, (iv) derivative transactions that are documented using either the 2014 ISDA Credit Derivatives Definitions or the
2003 ISDA Credit Derivatives Definitions (collectively, the “ISDA CDS Definitions”) shall be deemed to create a short
position with respect to the relevant Specified Indebtedness if such Lender or its Affiliates is a protection buyer or the equivalent
thereof for such derivative transaction and (x) the relevant Specified Indebtedness is a “Reference Obligation” under
the terms of such derivative transaction (whether specified by name in the related documentation, included as a “Standard Reference
Obligation” on the most recent list published by Markit, if “Standard Reference Obligation” is specified as applicable
in the relevant documentation or in any other manner), (y) the relevant Specified Indebtedness would be a “Deliverable Obligation”
under the terms of such derivative transaction or (z) Holdings or any other Restricted Subsidiary is designated as a “Reference
Entity” under the terms of such derivative transaction and (v) credit derivative transactions or other derivatives transactions
not documented using the ISDA CDS Definitions shall be deemed to create a short position with respect to any Specified Indebtedness if
such transactions offer the Lender or its Affiliates protection against a decline in the value of such Specified Indebtedness, or in the
credit quality of Holdings or any other Restricted Subsidiary, in each case, other than as part of an index so long as (x) such index
is not created, designed, administered or requested by such Lender or its Affiliates and (y) Holdings and the other Restricted Subsidiaries,
and any instrument issued or guaranteed by Holdings or the other Restricted Subsidiaries, collectively, shall represent less than 5.0%
of the components of such index.  In connection with any amendment, modification or waiver of this Agreement or the other Loan Documents,
each Lender (other than any Lender that is a Regulated Bank) will be deemed to have represented to the Borrower and the Administrative
Agent that it does not constitute a Net Short Lender, in each case, unless such Lender shall have notified the Borrower and the Administrative
Agent prior to the requested response date with respect to such amendment, modification or waiver that it constitutes a Net Short Lender
(it being understood and agreed that the Borrower and the Administrative Agent shall be entitled to rely on each such representation and
deemed representation). The Administrative Agent shall not (a) be obligated to ascertain, monitor or inquire as to whether any Lender
is a Net Short Lender or have any liability in connection therewith or (b) have any responsibility or liability for enforcing the
Borrower’s or any Lender’s compliance with the terms of any of the provisions set forth herein with respect to Net Short Lenders.

 

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Notwithstanding anything else
to the contrary contained in this Section 10.01, no Lender consent is required to effect any amendment or supplement to this Agreement
or any of the other Loan Documents or to enter into additional Loan Documents required or permitted by Section 1.09.

 

Section 10.02       Notices;
Electronic Communications.

 

(a)            General.
Unless otherwise expressly provided herein, all notices and other communications provided for herein shall be in writing and shall be
delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopier or electronic mail 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 Holdings, any other Loan Party, the Administrative Agent or the Collateral Agent, to the address, telecopier number, electronic mail
address or telephone number specified for such Person on Schedule 10.02 or to such other address, telecopier number, electronic
mail address or telephone number as shall be designated by such party in a notice to the other parties hereto, as provided in Section 10.02(d);
and

 

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

 

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 telecopier shall be deemed to have been given when sent (except that, if not given during normal
business hours for the recipient, shall be deemed to have been given at the opening of business on the next Business Day for the recipient).
Notices 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 hereunder may be delivered or furnished by electronic communication
(including e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent; provided that
the foregoing shall not apply to notices to any Lender pursuant to Article II if such Lender has notified the Administrative Agent
that it is incapable of receiving, or is unwilling to receive, notices under Article II by electronic communication. The Administrative
Agent or the Borrower may, in their discretion, agree to accept notices and other communications to it hereunder by electronic communications
pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications.

 

Unless the Administrative
Agent otherwise prescribes (with the Borrower’s consent), (i) notices and other communications sent to an e-mail address shall
be deemed received upon the sender’s receipt of an acknowledgment from the intended recipient (such as by the “return receipt
requested” function, as available, return e-mail or other written acknowledgement); provided that 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, 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.

 

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(c)            The
Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT-RELATED PERSONS DO NOT WARRANT
THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN
OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF
MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS
MADE BY ANY AGENT-RELATED PERSON IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall any Agent-Related Person
have any liability to any Loan Party or any of their respective Subsidiaries, any Lender or any other Person for losses, claims, damages,
liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of the Borrower’s 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 non-appealable judgment to have resulted from the gross
negligence, bad faith or willful misconduct of such Agent-Related Person; provided, however, that in no event shall any
Agent-Related Person have any liability to any Loan Party or any of their respective Subsidiaries, any Lender or any other Person for
indirect, special, incidental, consequential or punitive damages (as opposed to direct or actual damages).

 

(d)            Change
of Address, Etc. Each of Holdings, the Borrower, the Guarantors, the Administrative Agent and the Collateral Agent may change its
address, telecopier, telephone number or electronic mail address for notices and other communications hereunder by notice to the other
parties hereto. Each other Lender may change its address, telecopier, telephone number or electronic mail address for notices and other
communications hereunder by notice to the Borrower and the Administrative Agent. In addition, each Lender agrees to notify the Administrative
Agent from time to time to ensure that the Administrative Agent has on record (i) an effective address, contact name, telephone number,
telecopier number and electronic mail address to which notices and other communications may be sent and (ii) accurate wire instructions
for such Lender. Furthermore, each Public Lender agrees to cause at least one individual at or on behalf of such Public Lender to at all
times have selected the “Private Side Information” or similar designation on the content declaration screen of the Platform
in order to enable such Public Lender or its delegate, in accordance with such Public Lender’s compliance procedures and applicable
Law, including foreign and 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 Holdings, the Borrower or their securities for purposes of foreign and United States federal or state securities laws.

 

(e)            Reliance
by Administrative Agent, Collateral Agent and Lenders. The Administrative Agent, the Collateral Agent and the Lenders shall be entitled
to rely and act upon any notices (including telephonic Committed Loan Notices) purportedly given by or on behalf of the Borrower even
if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form
of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof except
to the extent such reliance is deemed to be gross negligence, bad faith or willful misconduct of the Administrative Agent, Collateral
Agent or Lender in a final non-appealable judgment of a court of competent jurisdiction. The Borrower shall indemnify the Administrative
Agent, the Collateral Agent, each Lender and the Related Parties of each of them from all losses, costs, expenses and liabilities resulting
from the reliance by such Person on each notice purportedly given by or on behalf of the Borrower to the extent required by Section 10.05.
All telephonic notices to and other telephonic communications with the Administrative Agent may be recorded by the Administrative Agent,
and each of the parties hereto hereby consents to such recording.

 

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Section 10.03       No
Waiver; Cumulative Remedies; Enforcement.

 

(a)            No
failure by any Lender, the Administrative Agent or the Collateral 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 provided hereunder and under each other Loan
Document, are cumulative and not exclusive of any rights, remedies, powers and privileges provided by Law.

 

(b)            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 or the Collateral Agent
in accordance with Section 8.02 for the benefit of all the Lenders; provided, however, that the foregoing shall not
prohibit (a) the Administrative Agent or the Collateral Agent from exercising on its own behalf the rights and remedies that inure
to its benefit (solely in its capacity as the Administrative Agent or the Collateral Agent) hereunder and under the other Loan Documents,
or (b) any Lender from exercising setoff rights in accordance with Section 10.09 (subject to the terms of Section 2.13);
and provided further, that if at any time there is no Person acting as Administrative Agent hereunder and under the
other Loan Documents, then (i) the Required Lenders shall have the rights otherwise ascribed to the Administrative Agent pursuant
to Section 8.02 and (ii) in addition to the matters set forth in clause (b) 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. In the event of a foreclosure by the Collateral Agent on any of the Collateral pursuant to a public or private sale, the Administrative
Agent, the Collateral Agent or any Lender (or any person nominated by them) may be the purchaser of any or all of such Collateral at
any such sale and the Administrative Agent, as agent for and representative of the Lenders (but not any Lender or Lenders in its or their
respective individual capacities unless the Required Lenders shall otherwise agree in writing), shall be entitled, for the purpose of
bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold in any such public sale,
to use and apply any of the Obligations as a credit on account of the purchase price for any Collateral payable by the Administrative
Agent at such sale.

 

Section 10.04       Expenses.
The Borrower agrees (a) to pay or reimburse the Administrative Agent and the other Agents (solely with respect to clause (x)) for
all reasonable and documented out-of-pocket costs and expenses incurred in connection with (x) the preparation, negotiation, syndication
and execution of this Agreement and the other Loan Documents, and (y) any amendment, waiver, consent or other modification of the
provisions hereof and thereof, and (z) the consummation and administration of the transactions contemplated hereby and thereby, including
the reasonable fees, disbursements and other charges of counsel (limited to the reasonable and documented fees, disbursements and other
charges of one primary counsel to the Agents, one primary counsel to the Lenders and, if necessary, one local counsel in each relevant
jurisdiction (which may include a single special counsel acting in multiple jurisdictions), in each case, in jurisdictions material to
the interests of the Lenders with one additional local counsel to the Lenders taken as a whole), and (b) to pay or reimburse the
Administrative Agent, the other Agents and each Lender for all reasonable documented out-of-pocket costs and expenses incurred in connection
with the enforcement of any rights or remedies under this Agreement or the other Loan Documents (including all such costs and expenses
incurred during any legal proceeding, including any proceeding under any Debtor Relief Law or in connection with any workout or restructuring),
including the fees, disbursements and other charges of counsel (limited to the reasonable fees, disbursements and other charges of one
counsel to the Administrative Agent, the other Agents taken as a whole and one counsel to the Lenders taken as a whole, and, if necessary,
of one local counsel in each relevant jurisdiction (which may include a single special counsel acting in multiple jurisdictions), in each
case, in jurisdictions material to the interests of the Lenders and, in the event of any actual or perceived conflict of interest, one
additional counsel in each relevant jurisdiction for each Lender or group of similarly affected Lenders or Agents subject to such conflict
after notification to the Borrower). The foregoing costs and expenses shall include all reasonable search, filing, recording, title insurance
and appraisal charges and fees and Taxes related thereto, and other out-of-pocket expenses incurred by any Agent. All amounts due under
this Section 10.04 shall be paid within 30 days after invoiced or a written demand therefor (with a reasonably detailed invoice with
respect thereto), together with backup documentation supporting such reimbursement request. The agreements in this Section 10.04
shall survive the termination of the Aggregate Commitments and repayment of all other Obligations. If any Loan Party fails to pay when
due any costs, expenses or other amounts payable by it hereunder or under any Loan Document, such amount may be paid on behalf of such
Loan Party by the Administrative Agent after any applicable grace periods have expired, in its sole discretion and the Borrower shall
promptly reimburse the Administrative Agent, as applicable. This Section 10.04 shall not apply with respect to Taxes other than any
Taxes arising from any non-Tax cost or expense.

 

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Section 10.05       Indemnification
by the Borrower. The Borrower shall indemnify and hold harmless each Agent-Related Person, each Lender, each of their respective Affiliates
and each partner, director, officer, employee, counsel, advisor, controlling person and other representative of the foregoing and, in
the case of any funds, trustees and advisors and attorneys-in-fact (collectively, the “Indemnitees”) from and against
any and all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs (including settlement
costs), disbursements, and reasonable and documented or invoiced out-of-pocket fees and expenses (including the reasonable and documented
fees, disbursements and other charges of (i) one counsel to the Indemnitees taken as a whole with one additional counsel to the Lenders
taken as a whole, (ii) in the case of an actual or perceived conflict of interest, where the Indemnitee affected by such conflict
informs the Borrower of such conflict and thereafter retains its own counsel, of another firm of counsel for each such affected Indemnitee
in each relevant jurisdiction material to the interests of the Lenders, and (iii) if necessary, one local counsel in each jurisdiction
material to the interests of the Indemnitees (which may include a single counsel acting in multiple jurisdictions) with one additional
counsel to the Lenders taken as a whole) of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted
or awarded against any such Indemnitee in any way relating to or arising out of or in connection with or by reason of (x) any actual
or prospective claim, litigation, investigation or proceeding in any way relating to, arising out of, in connection with or by reason
of any of the following, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense
of any pending or threatened claim, investigation, litigation or proceeding): (a) the execution, delivery, enforcement, performance
or administration of any Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated
thereby or the consummation of the transactions contemplated thereby or (b) any Commitment or Loan or the use or proposed use of
the proceeds therefrom; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities,
obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, disbursements, fees or expenses (A) are
determined by a court of competent jurisdiction in a final and non-appealable judgment to have resulted from the bad faith, gross negligence
or willful misconduct of, or a material breach of the Loan Documents by, such Indemnitee or any of its Affiliates or controlling persons
or any of the officers, directors, employees, agents, advisors, or members of any of the foregoing or (B) arise from any dispute
that is among Indemnitees (other than any dispute involving claims against the Administrative Agent or any other Agent, in each case in
their respective capacities as such) that does not involve actions or omissions of any direct or indirect parent or controlling person
of Holdings or its Subsidiaries; or (y) any actual or alleged presence or Release of Hazardous Materials at, on, under or from any
property currently or formerly owned or operated by Holdings or any of its Subsidiaries, or any Environmental Liability related in any
way to Holdings or any of its Subsidiaries, ((x) and (y), collectively, the “Indemnified Liabilities”)). In the
case of an investigation, litigation or other proceeding to which the indemnity in this Section 10.05 applies, such indemnity shall
be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, shareholders or
creditors or an Indemnitee or any other Person, and whether or not any Indemnitee is otherwise a party thereto. Should any investigation,
litigation or proceeding be settled, or if there is a judgment in any such investigation, litigation or proceeding, the Borrower shall
indemnify and hold harmless each Indemnitee in the manner set forth above; provided that the Borrower shall not be liable for any
settlement effected without the Borrower’s prior written consent (such consent not to be unreasonably withheld, conditioned or delayed).
Each Indemnitee shall be obligated to refund or return any and all amounts paid by the Borrower pursuant to this Section 10.05 to
such Indemnitee for any fees, expenses, or damages to the extent such Indemnitee is not entitled to payment of such amounts in accordance
with the terms hereof, as determined by a court of competent jurisdiction in a final and non-appealable judgment. All amounts due under
this Section 10.05 shall be payable within 30 days after written demand therefor, accompanied by backup documentation. The agreements
in this Section 10.05 shall survive the resignation of the Administrative Agent, the replacement of any Lender, the termination of
the Aggregate Commitments and the repayment, satisfaction or discharge of all the other Obligations. This Section 10.05 shall not
apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

 

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Section 10.06       Payments
Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any
Lender, in each case in their capacities as such, exercises its right of setoff, and such payment or the proceeds of such setoff or any
part thereof is subsequently invalidated, declared to be or avoided as fraudulent or preferential, set aside or required (including pursuant
to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a trustee, debtor-in-possession, receiver
or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery,
the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such
payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent
upon demand its applicable share (without duplication) of any amount so recovered from or repaid by any Agent, plus interest thereon from
the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect.
The obligations of the Lenders under clause (b) of the preceding sentence shall survive the payment in full of the Obligations and
the termination of this Agreement.

 

Section 10.07       Successors
and Assigns.

 

(a)            The
provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns permitted hereby, except that the Borrower may not assign or 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 Eligible Assignee (other than to any Disqualified Institution) in accordance with the provisions
of Section 10.07(b), (ii) by way of participation in accordance with the provisions of Section 10.07(d), (iii) by
way of pledge or assignment of a security interest subject to the restrictions of Section 10.07(f) or (iv) to an SPC in
accordance with the provisions of Section 10.07(g) (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 Section 10.07(d) and,
to the extent expressly contemplated hereby, the Indemnitees) any legal or equitable right, remedy or claim under or by reason of this
Agreement.

 

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(b)            Any
Lender may at any time assign to one or more Eligible Assignees all or a portion of its rights and obligations under this Agreement (including
all or a portion of its Commitment(s) and the Loans at the time owing to it); provided that:

 

(i)            (A) in
the case of 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 under such Facility no minimum amount shall need be assigned, (B) in the case of an Existing Lender Assignment
no minimum amount shall need be assigned, and (C) in any case not described in clause (b)(i)(A) and (B) of this Section 10.07,
the aggregate amount of the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the applicable Commitment
is not then in effect, the outstanding principal 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 $1,000,000 unless each of the
Administrative Agent and the Borrower otherwise consents; provided, however, that concurrent assignments to members
of an Assignee Group and concurrent assignments from members of an Assignee Group to a single Eligible Assignee (or to an Eligible Assignee
and members of its Assignee Group) will be treated as a single assignment for purposes of determining whether such minimum amount has
been met;

 

(ii)            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 prohibit any Lender
from assigning all or a portion of its rights and obligations among separate Facilities on a non-pro rata basis;

 

(iii)            no
consent shall be required for any assignment except to the extent required by clause (b)(i)(C) of this Section 10.07 and, in
addition (A) the consent of the Borrower (such consent not to be unreasonably withheld, conditioned or delayed) shall be required
for any assignment unless (1) a Specified Event of Default has occurred and is continuing at the time of such assignment or (2) such
assignment is an Existing Lender Assignment; provided that (1) the Borrower shall be deemed to have consented to any assignment
unless the Borrower objects thereto by written notice to the Administrative Agent within ten (10) Business Days after having received
written notice thereof, (2) following the Closing Date, the Borrower shall be deemed to have consented to an assignment to any Lender
if such Lender was, prior to such assignment, identified and approved in the initial allocations of the Loans and Commitments approved
by the Borrower in connection with the initial syndication of the Term Facility and (3) the Borrower may in its sole discretion withhold
its consent to any assignment to any Person that is not a Disqualified Institution but is known by the Borrower to be an Affiliate of
a Disqualified Institution regardless of whether such Person is identifiable as an Affiliate of a Disqualified Institution on the basis
of such Affiliate’s name and (B) the consent of the Administrative Agent (such consent not to be unreasonably withheld, conditioned
or delayed) shall be required for any assignment unless (1) such assignment is an Existing Lender Assignment or (2) such assignment
is permitted by Section 10.07(i) or Section 10.07(j) (provided that in each case the Administrative Agent shall
acknowledge any such assignment);

 

(iv)           the
parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption via an electronic settlement
system acceptable to the Administrative Agent (or, if previously agreed with the Administrative Agent, manually), together with a processing
and recordation fee of $3,500 (except (1) no processing and recordation fee shall be payable in the case of assignments permitted
by Section 10.07(i) or Section 10.07(j), (2) no processing and recordation fee shall be payable in the case of assignments
in connection with the initial syndication of the Facilities, (3) in the case of contemporaneous assignments by any Lender to one
or more Approved Funds, only a single processing and recording fee shall be payable for such assignments, (4) no processing and recordation
fee shall be payable for assignments among Approved Funds or among any Lender and any of its Approved Funds and (5) the Administrative
Agent, in its sole discretion, may elect to waive or reduce such processing and recording fee in the case of any assignment). Each Eligible
Assignee that is not an existing Lender shall deliver to the Administrative Agent an Administrative Questionnaire;

 

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(v)            no
such assignment shall be made (A) to any Defaulting Lender or any of its Affiliates, or any Person who, upon becoming a Lender hereunder,
would constitute a Defaulting Lender or a Subsidiary of a Defaulting Lender, (B) to any Natural Person, (C) to any Disqualified
Institution, (D) to Holdings, the Borrower or any of their Subsidiaries except as permitted under clause (j) below, or (E) to
any Affiliate Lender except as permitted under Section 10.07(i);

 

(vi)           [reserved];

 

(vii)          the
assigning Lender shall deliver any Notes or, in lieu thereof, a lost note affidavit and indemnity reasonably acceptable to the Borrower
evidencing such Loans to the Borrower or the Administrative Agent; and

 

(viii)          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 or Lender hereunder (and interest accrued thereon) and (y) acquire
(and fund as appropriate) its full Pro Rata share of all Loans; provided that 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, 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 Section 10.07(c), from and after the effective date specified in each Assignment
and Assumption, the Eligible 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, 10.04 and
10.05 with respect to facts and circumstances occurring prior to the effective date of such assignment, and subject to the obligations
set forth in Section 10.08). Upon request, and the surrender by the assigning Lender of its Note (or, in lieu thereof, a lost note
affidavit and indemnity reasonably acceptable to the Borrower), the Borrower (at its expense) shall execute and deliver a Note to the
assignee Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement (other than any purported assignment
or transfer to a Disqualified Institution) that does not comply with this clause (b) 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 Section 10.07(d). In connection with
any prospective assignment, each assigning Lender shall deliver to the Borrower a copy of its request (including the name of the prospective
assignee) for assignment at the time the Administrative Agent is notified of the prospective assignment, irrespective of the existence
or non-existence of a Specified Event of Default.

 

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(c)            The
Administrative Agent, acting solely for this purpose as a non-fiduciary agent of the Borrower, shall maintain at the Administrative Agent’s
Office a copy of each Assignment and Assumption delivered to it and a register in which it shall record the names and addresses of the
Lenders, and the Commitments of, and principal amounts (and related interest amounts) 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 Agents 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, notwithstanding notice to the contrary. In addition, the Administrative Agent
shall maintain on the Register information regarding the designation, and revocation of designation, of any Lender as Defaulting Lender.
The Register shall be available for inspection by the Borrower, any Agent and any Lender (but only to entries with respect to itself),
at any reasonable time and from time to time upon reasonable prior notice. The parties intend that all Loans will be at all times maintained
in “registered form” within the meaning of Sections 163(f), 871(h)(2) and 881(c)(2) of the Code and any related
Treasury regulations (or any other relevant or successor provisions of the Code or of such Treasury regulations), including without limitation
under United States Treasury Regulations Section 5f.103-1(c) and Proposed Regulations Section 1.163-5 (and any successor
provisions).

 

(d)            Any
Lender may at any time, without the consent of, or, subject to clause (iv) below, notice to, the Borrower or the Administrative Agent,
sell participations to any Person (other than a Natural Person, an Affiliate Lender (other than a Debt Fund Affiliate), a Defaulting Lender
or a Disqualified Institution) (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 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 Agents and the other Lenders shall continue to deal solely and
directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. 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 the other Loan Documents and to approve any amendment, modification or waiver of any provision of this Agreement or any other Loan
Document; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant,
agree to any amendment, waiver or other modification described in the first proviso to Section 10.01 (in the case of any amendment,
waiver or other modification described in clause (a), (b) or (c) of such proviso, that directly and adversely affects such Participant).
Subject to Section 10.07(e), the Borrower agrees that each Participant shall be entitled to the benefits of Sections 3.01, 3.04 and
3.05 (subject to the requirements and the limitations of such Sections (it being understood that the documentation required under Section 3.01(g) shall
be delivered solely to the participating Lender) and Section 3.08) to the same extent as if it were a Lender and had acquired its
interest by assignment pursuant to Section 10.07(b). To the extent permitted by law, each Participant also shall be entitled to the
benefits of Section 10.09 as though it were a Lender; provided such Participant agrees to be subject to Section 2.13
as though it were a Lender.

 

(e)            A
Participant (i) agrees to be subject to the provisions of Section 3.08 as if it were an assignee pursuant to Section 10.07(b) and
(ii) shall not be entitled to receive any greater payment under Section 3.01, 3.04 or 3.05 than the applicable Lender would
have been entitled to receive with respect to the participation sold to such Participant, except to the extent that a Participant’s
right to a greater payment results from a change in any Law after the Participant becomes a Participant.

 

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(f)            Any
Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement (including under
its Note, if any) (other than to a Natural Person or a Disqualified Institution) to secure obligations of such Lender, including any pledge
or assignment to secure obligations to a Federal Reserve Bank or any central bank having jurisdiction over such Lender; 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)            Notwithstanding
anything to the contrary herein, any Lender (a “Granting Lender”) may grant to a special purpose funding vehicle identified
as such in writing from time to time by the Granting Lender to the Administrative Agent and the Borrower (an “SPC”)
the option to provide all or any part of any Loan that such Granting Lender would otherwise be obligated to make pursuant to this Agreement;
provided that (i) nothing herein shall constitute a commitment by any SPC to fund any Loan, and (ii) if an SPC elects
not to exercise such option or otherwise fails to make all or any part of such Loan, the Granting Lender shall be obligated to make such
Loan pursuant to the terms hereof or, if it fails to do so, to make such payment to the Administrative Agent as is required under Section 2.12(b).
Each party hereto hereby agrees that an SPC shall be entitled to the benefits of Sections 3.01, 3.04 and 3.05 (subject to the requirements
and the limitations of such Sections and Section 3.08); provided that neither the grant to any SPC nor the exercise by any
SPC of such option shall increase the costs or expenses or otherwise increase or change the obligations of the Borrower under this Agreement
(including under Section 3.01, 3.04 or 3.05), except to the extent that the SPC’s right to a greater payment results from a
change in any Law after the grant to the SPC takes place. Each party hereto further agrees that (i) no SPC shall be liable for any
indemnity or similar payment obligation under this Agreement for which a Lender would be liable, and (ii) the Granting Lender shall
for all purposes, including the approval of any amendment, waiver or other modification of any provision of any Loan Document, remain
the Lender of record hereunder. Other than as expressly provided in this Section 10.07(g), (A) such Granting Lender’s
obligations under this Agreement shall remain unchanged, (B) such Granting Lender shall remain solely responsible to the other parties
hereto for the performance of such obligations and (C) the Borrower, the Agents and the other Lenders shall continue to deal solely
and directly with such Granting Lender in connection with such Granting Lender’s rights and obligations under this Agreement. The
making of a Loan by an SPC hereunder shall utilize the Commitment of the Granting Lender to the same extent, and as if, such Loan were
made by such Granting Lender. In furtherance of the foregoing, each party hereto hereby agrees (which agreement shall survive the termination
of this Agreement) that, prior to the date that is one year and one day after the payment in full of all outstanding commercial paper
or other senior debt of any SPC, it will not, other than in respect of matters unrelated to this Agreement or the transactions contemplated
hereby, institute against, or join any other Person in instituting against, such SPC any bankruptcy, reorganization, arrangement, insolvency,
or liquidation proceeding under the laws of the United States or any State thereof. Notwithstanding anything to the contrary contained
herein, any SPC may (i) with notice to, but without prior consent of the Borrower and the Administrative Agent and with the payment
of a processing fee of $3,500 (except that the Administrative Agent, in its sole discretion, may elect to waive or reduce such processing
fee), assign all or any portion of its rights hereunder with respect to any Loan to the Granting Lender and (ii) subject to Section 10.08,
disclose on a confidential basis any non-public information relating to its funding of Loans to any rating agency, commercial paper dealer
or provider of any surety or Guarantee or credit or liquidity enhancement to such SPC.

 

(h)            Notwithstanding
anything to the contrary herein, any Lender that is a Fund may create a security interest in all or any portion of the Loans owing to
it and the Note, if any, held by it to the agent or trustee for holders of obligations owed, or securities issued, by such Fund as security
for such obligations or securities; provided that unless and until such trustee actually becomes a Lender in compliance with the
other provisions of this Section 10.07, (i) no such pledge shall release the pledging Lender from any of its obligations under
the Loan Documents, and (ii) such trustee shall not be entitled to exercise any of the rights of a Lender under the Loan Documents
even though such trustee may have acquired ownership rights with respect to the pledged interest through foreclosure or otherwise.

 

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(i)             Notwithstanding
anything to the contrary herein, any Lender may assign all or any portion of its Term Loans, Specified Refinancing Term Loans and New
Term Loans hereunder to any Affiliate Lender (including any Debt Fund Affiliate), but only if:

 

(i)             the
assigning Lender and Affiliate Lender purchasing such Lender’s Term Loans, Specified Refinancing Term Loans or New Term Loans, as
applicable, shall execute and deliver to the Administrative Agent an assignment agreement substantially in the form of Exhibit D-2
hereto (an “Affiliate Lender Assignment and Assumption”) in lieu of an Assignment and Assumption;

 

(ii)            after
giving effect to such assignment, Affiliate Lenders (other than Debt Fund Affiliates) shall not, in the aggregate, own or hold Term Loans,
pari passu Specified Refinancing Term Loans and New Term Loans with an aggregate principal amount in excess of 25% of the principal
amount of all Term Loans, pari passu Specified Refinancing Term Loans and New Term Loans then outstanding (calculated as of the
date of such purchase and after giving effect to any substantially simultaneous cancellations thereof); and

 

(iii)           such
Affiliate Lender (other than any Debt Fund Affiliate) shall at all times thereafter be subject to the voting restrictions specified in
Section 10.01.

 

(j)              Notwithstanding
anything to the contrary herein, any Lender may assign all or any portion of its Term Loans, Specified Refinancing Term Loans and New
Term Loans hereunder to Holdings or any of its Subsidiaries, but only if:

 

(i)              (A) such
assignment is made pursuant to a Dutch Auction open to all Term Lenders, Specified Refinancing Term Loan lenders or New Term Loan lenders
on a pro rata basis or (B) such assignment is made as an open market purchase;

 

(ii)            [reserved];
and

 

(iii)            any
such Term Loans shall be automatically and permanently cancelled immediately upon acquisition thereof by Holdings or any of its Restricted
Subsidiaries to the extent permitted by applicable Law.

 

In connection with any assignment
pursuant to Section 10.07(i) or (j), each Lender acknowledges and agrees that, in connection therewith, (1) the Affiliate
Lenders, Holdings and/or any of its Subsidiaries may have, and later may come into possession of, information regarding the Sponsor, Holdings,
any of its Subsidiaries and/or any of their respective Affiliates not known to such Lender and that may be material to a decision by such
Lender to participate in such assignment (including material non-public information) (“Excluded Information”), (2) such
Lender, independently and, without reliance on the Affiliate Lenders, Holdings, any of its Subsidiaries, any Agent or any of their respective
Affiliates, has made its own analysis and determination to participate in such assignment notwithstanding such Lender’s lack of
knowledge of the Excluded Information and (3) none of the Affiliate Lenders, Holdings, any of its Subsidiaries, any Agent or any
of their respective Affiliates shall have any liability to such Lender, and such Lender hereby waives and releases, to the extent permitted
by law, any claims such Lender may have against Affiliate Lenders, Holdings, any of its Subsidiaries, any Agent or any of their respective
Affiliates, under applicable laws or otherwise, with respect to the nondisclosure of the Excluded Information. No Affiliate Lender shall
be required to make any representation that it is not in possession of material nonpublic information with respect to Holdings, its Subsidiaries
or their respective securities. Upon the request of the applicable Affiliated Lender or Holdings or any of its Subsidiaries, the assignor
in such transaction shall render a customary “big boy” letter to the applicable Affiliated Lender, Holdings or its applicable
Subsidiary.

 

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(k)            Notwithstanding
anything to the contrary herein, (i) Affiliate Lenders (other than Debt Fund Affiliates) shall not have any right to attend (including
by telephone) any meeting or discussions (or portion thereof) among the Administrative Agent or any other Lender to which representatives
of the Borrower are not then present, (ii) Affiliate Lenders (other than Debt Fund Affiliates) shall not have any right to receive
any information or material prepared by the Administrative Agent or any other Lender or any communication by or among the Administrative
Agent and one or more other Lenders, except to the extent such information or materials have been made available to the Borrower or its
representatives and (iii) neither the Sponsor nor any Affiliate of the Sponsor (other than Debt Fund Affiliates) may be entitled
to receive advice of counsel to the Agents or other Lenders and none of them shall challenge any assertion of attorney-client privilege
by any Agent or other Lender. Each of the Borrower and each Affiliate Lender (other than any Debt Fund Affiliates) hereby agrees that
if a case under Title 11 of the Bankruptcy Code is commenced against the Borrower, such Affiliate Lenders, with respect to any plan of
reorganization that does not adversely affect any Affiliate Lender in any material respect as compared to other Lenders, shall be deemed
to have voted in the same proportion as the Lenders that are not Affiliate Lenders voting on such matter; and each Affiliate Lender (other
than any Debt Fund Affiliates) hereby acknowledges, agrees and consents that if, for any reason, its vote to accept or reject any plan
pursuant to the Bankruptcy Code is not deemed to have been so voted, then such vote will be “designated” pursuant to Section 1126(e) of
the Bankruptcy Code such that the vote is not counted in determining whether the applicable class has accepted or rejected such plan in
accordance with Section 1126(c) of the Bankruptcy Code.

 

(l)              [Reserved].

 

(m)            The
applicable Lender, acting solely for this purpose as a non-fiduciary agent of the Borrower (solely for tax purposes), shall maintain a
register on which it enters the name and address of (i) each SPC (other than any SPC that is treated as a disregarded entity of the
Granting Lender for U.S. federal income tax purposes) that has exercised its option pursuant to Section 10.07(g) and (ii) each
Participant, and the principal amounts (and related interest amounts) of each such SPC’s and Participant’s interest in such
Lender’s rights and/or obligations under this Agreement complying with the requirements of Sections 163(f), 871(h) and 881(c)(2) of
the Code and the United States Treasury Regulations (the “Participant Register”); provided that no Lender shall
have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information
relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document)
to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other
obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations and Section 1.163-5(b)(1) of
the United States Treasury Regulations, or is otherwise required under the Code and the United States Treasury Regulations. The entries
in the Participant Register shall be conclusive absent manifest error, and the Borrower and such Lender shall treat each Person whose
name is recorded in the Participant Register as the owner of the applicable rights and/or obligations of such Lender under this Agreement,
notwithstanding 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.

 

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Section 10.08       Confidentiality.
Each of the Agents and the Lenders agrees to maintain the confidentiality of the Information, except that Information may be disclosed
(a) to its Affiliates and to its and its Affiliates’ respective partners, directors, officers, employees, trustees, representatives
and agents, including accountants, legal counsel and other advisors and service providers on a need-to-know basis (it being understood
that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and shall agree to keep
such Information confidential in accordance with customary practices); (b) to the extent requested by any regulatory authority having
jurisdiction over such Agent, Lender or its respective Affiliates; (c) in any legal, judicial, administrative proceeding or other
compulsory process or otherwise as required by applicable Laws or regulations or by any subpoena or similar legal process, in each case
based upon the reasonable advice of the disclosing Agent’s or Lender’s legal counsel (in which case the disclosing Agent or
Lender, as applicable, agrees (except with respect to any audit or examination conducted by bank accountants or any governmental bank
regulatory authority exercising examination or regulatory authority), to the extent not prohibited by applicable Law, to promptly notify
the Borrower prior to such disclosure and allow the Borrower a reasonable opportunity to object to such disclosure in such proceeding
or process, and in any event such disclosing party shall use commercially reasonable efforts to ensure that any such information so disclosed
is accorded confidential treatment; (d) to any other party to this Agreement; (e) in connection with the exercise of any remedies
hereunder or under any other Loan Document or any action or proceeding relating to this Agreement or any other Loan Document or the enforcement
of rights hereunder or thereunder; (f) subject to an agreement containing provisions substantially the same (or at least as restrictive)
as those of this Section 10.08 (or as may otherwise be reasonably acceptable to the Borrower), to any Eligible Assignee of or Participant
in, or any prospective Eligible Assignee of or Participant in, any of its rights or obligations under this Agreement; provided
that no such disclosure shall be made by such Lender or such Agent or any of their respective Affiliates to any such Person that is a
Disqualified Institution; (g) with the written consent of Holdings; (h) to the extent such Information becomes publicly available
other than as a result of a breach of this Section 10.08; (i) to any state, federal or foreign authority or examiner (including
the National Association of Insurance Commissioners or any other similar organization) regulating any Agent or Lender or any Affiliate
of any Agent or Lender; (j) to any rating agency in connection with obtaining a credit rating for Holdings, the Borrower or any of
their Subsidiaries or the credit facilities hereunder (it being understood that, prior to any such disclosure, such rating agency shall
undertake to preserve the confidentiality of any Information relating to the Loan Parties received by it from such Agent or Lender); or
(k) to any contractual counterparty (or prospective contractual counterparty) in any swap, hedge or similar agreement or to any such
contractual counterparty’s (or prospective contractual counterparty’s) professional advisor (in each case, other than a Disqualified
Institution). In addition, the Agents and the Lenders may disclose the existence of this Agreement and information about this Agreement
to market data collectors or service providers to the lending industry, and service providers to the Agents and the Lenders in connection
with the administration and management of this Agreement, the other Loan Documents, the Commitments, and the Borrowings; provided
that such Person is advised and agrees to be bound by the provisions of this Section 10.08.

 

For the purposes of this Section 10.08,
 “Information” means all information received from (or on behalf of) any Loan Party or any Subsidiary thereof relating
to any Loan Party or any Subsidiary thereof or their respective businesses (including with respect to the target of any actual or potential
acquisition or other Investment), other than any such information that is publicly available to any Agent or any Lender prior to disclosure
by any Loan Party other than as a result of a breach of this Section 10.08 by such Lender or Agent.

 

Each Agent and each Lender
acknowledges that (i) the Information may include material non-public information concerning Holdings or any of its Subsidiaries,
(ii) it has developed compliance procedures regarding the use of material non-public information and (iii) it will handle such
material non-public information in accordance with applicable Law, including foreign and United States federal and state securities Laws.

 

The
respective obligations of the Agents and the Lenders under this Section 10.08 shall survive, to the extent applicable
to such Person, for a period of two (2) years after (x) the payment in full of the Obligations and the termination of this Agreement,
(y) any assignment of its rights and obligations under this Agreement by such Person and (z) the resignation or removal of such
Person as an Agent.

 

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Section 10.09       Setoff.
In addition to any rights and remedies of the Lenders provided by Law, upon the occurrence and during the continuance of any Event of
Default, each Secured Party is authorized at any time and from time to time, after obtaining the prior written consent of the Administrative
Agent, without prior notice to the Borrower or any other Loan Party, any such notice being waived by Holdings (on its own behalf and on
behalf of each Loan Party) to the fullest extent permitted by Law, to set off and apply any and all deposits (general or special, time
or demand, provisional or final, in any currency), other than deposits in fiduciary accounts as to which a Loan Party is acting as fiduciary
for another Person who is not a Loan Party and other than payroll or trust fund accounts, at any time held by, and other Indebtedness
(in any currency) at any time owing by, such Lender to or for the credit or the account of the respective Loan Parties against any and
all Obligations owing to such Secured Party hereunder or under any other Loan Document (or other Secured Document (as defined in the Security
Agreement)), now or hereafter existing, irrespective of whether or not such Agent or such Lender shall have made demand under this Agreement
or any other Loan Document (or other Secured Document (as defined in the Security Agreement)) and although such Obligations may be contingent
or unmatured or denominated in a currency different from that of the applicable deposit or Indebtedness or are owed to a branch or office
of such Lender different from the branch or office 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
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. Each Secured Party agrees promptly
to notify the Borrower and the Administrative Agent after any such set-off and application made by such Secured Party; provided,
however, that the failure to give such notice shall not affect the validity of such setoff and application. The rights of the Administrative
Agent and each Secured Party under this Section 10.09 are in addition to other rights and remedies (including other rights of setoff)
that the Administrative Agent and such Secured Party may have.

 

Section 10.10       Interest
Rate Limitation. Notwithstanding anything to the contrary 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 any Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to
the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower. In determining whether the interest contracted
for, charged, or received by an 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.

 

Section 10.11       Counterparts.
This Agreement and each other Loan Document may be executed in one or more counterparts (and by different parties hereto in different
counterparts), each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery
by telecopier or other electronic transmission of an executed counterpart of a signature page to this Agreement and each other Loan
Document shall be effective as delivery of an original executed counterpart of this Agreement and such other Loan Document. The Agents
may also require that any such documents and signatures delivered by telecopier or other electronic transmission be confirmed by a manually-signed
original thereof; provided that the failure to request or deliver the same shall not limit the effectiveness of any document or
signature delivered by telecopier or other electronic transmission.

 

Section 10.12       Integration;
Effectiveness. This Agreement and the other Loan Documents 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.
In the event of any conflict between the provisions of this Agreement and those of any other Loan Document (other than the ABL Intercreditor
Agreement, the Term Loan Intercreditor Agreement and any Market Intercreditor Agreement), the provisions of this Agreement shall control;
provided that the inclusion of supplemental rights or remedies in favor of the Agents or the Lenders in any other Loan Document
shall not be deemed a conflict with this Agreement. Each Loan Document was drafted with the joint participation of the respective parties
thereto and shall be construed neither against nor in favor of any party, but rather in accordance with the fair meaning thereof. 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 as of the date hereof.

 

    202

     

    

 

Section 10.13       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 each Agent and each Lender, regardless of any investigation made
by any Agent or any Lender or on their behalf and notwithstanding that any Agent or any Lender may have had notice or knowledge of any
Default at the time of any Borrowing, and shall continue in full force and effect until the satisfaction of the Termination Conditions.

 

Section 10.14       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 10.14, 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 then such provisions shall be deemed to be in effect
only to the extent not so limited.

 

Section 10.15      Governing
Law; Jurisdiction; Etc.

 

(a)            Governing
Law. THIS AGREEMENT AND EACH OTHER LOAN DOCUMENT (OTHER THAN WITH RESPECT TO ANY COLLATERAL DOCUMENTS TO THE EXTENT EXPRESSLY PROVIDED
OTHERWISE THEREIN) 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 SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION
OF THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK CITY IN THE BOROUGH OF MANHATTAN AND OF THE UNITED STATES DISTRICT COURT FOR
THE SOUTHERN DISTRICT OF NEW YORK SITTING IN THE BOROUGH OF MANHATTAN, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR
PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT (OTHER THAN WITH RESPECT TO ANY COLLATERAL DOCUMENT
TO THE EXTENT EXPRESSLY PROVIDED OTHERWISE THEREIN), OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO
IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN
SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO
AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT
ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT
THAT THE ADMINISTRATIVE AGENT, THE COLLATERAL AGENT OR ANY LENDER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO
THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT AGAINST ANY LOAN PARTY OR ITS PROPERTIES IN
THE COURTS OF ANY JURISDICTION.

 

    203

     

    

 

(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 10.15. 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)            Limitation
of Liability. None of the Agent-Related Persons, Lenders, nor any of their respective Affiliates nor any partner, director, officer,
employee, counsel, advisor, controlling person or other representative of the foregoing and, in the case of any funds, trustees and advisors
and attorneys-in-fact (collectively, the “Lender-Related Persons”) shall be liable for any damages arising from the
use by others of any information or other materials obtained through the Platform or other information transmission systems (including
electronic telecommunications) in connection with this Agreement unless determined by a court of competent jurisdiction in a final and
non-appealable judgment to have resulted from the gross negligence, bad faith or willful misconduct of such Lender-Related Person. None
of the Lender-Related Person nor any Loan Party nor any of their respective Related Parties shall have any liability for any special,
punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its activities in
connection herewith or therewith (whether before or after the Closing Date); provided that such waiver of special, punitive, indirect
or consequential damages shall not limit the indemnification obligations of the Borrower under Section 10.05.

 

Section 10.16       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.

 

Section 10.17       Waiver
of Right to Trial by Jury. EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION
OR CAUSE OF ACTION ARISING UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES
HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR
HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM,
DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN
ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 10.17 WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO
TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

 

Section 10.18       Binding
Effect. This Agreement shall be binding upon and inure to the benefit of Holdings, the Borrower, each Agent and each Lender and their
respective successors and permitted assigns.

 

    204

     

    

 

Section 10.19          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 and Holdings acknowledge and agree
that: (i) (A) no fiduciary, advisory or agency relationship between any of Holdings and its Subsidiaries and any Agent is intended
to be or has been created in respect of any of the transactions contemplated hereby and by the other Loan Documents, irrespective of
whether any Agent has advised or is advising Holdings and its Subsidiaries on other matters, (B) the arranging and other services
regarding this Agreement provided by the Agents are arm’s-length commercial transactions between Holdings and its Subsidiaries,
on the one hand, and the Agents on the other hand, (C) the Borrower and Holdings have consulted their own legal, accounting, regulatory
and tax advisors to the extent it has deemed appropriate, and (D) the Borrower and Holdings are capable of evaluating, and understand
and accept, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; (ii) (A) each
Agent is and has been acting solely as a principal and, except as may otherwise be 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 Holdings or the Borrower or any of their respective
Affiliates, or any other Person and (B) no Agent has any obligation to Holdings or any of its Affiliates with respect to the transactions
contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; and (iii) the Agents and
their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of Holdings,
the Borrower and their respective Affiliates, and no Agent has any obligation to disclose any of such interests and transactions to Holdings,
the Borrower or their respective Affiliates. To the fullest extent permitted by law, each of the Borrower and Holdings hereby waives
and releases any claims that it may have against the Agents 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.

 

Section 10.20          Affiliate
Activities. Each of the Borrower and Holdings acknowledges that each Agent (and their respective Affiliates) is a full service securities
firm engaged, either directly or through affiliates, in various activities, including securities trading, investment banking and financial
advisory, investment management, principal investment, hedging, financing and brokerage activities and financial planning and benefits
counseling for both companies and individuals. In the ordinary course of these activities, any of them may make or hold a broad array
of investments and actively trade debt and equity securities (or related derivative securities) and/or financial instruments (including
bank loans) for their own account and for the accounts of customers and may at any time hold long and short positions in such securities
and/or instruments. Such investment and other activities may involve securities and instruments of Holdings and its Affiliates, as well
as of other entities and persons and their Affiliates which may (i) be involved in transactions arising from or relating to the
engagement contemplated hereby and by the other Loan Documents, (ii) be customers or competitors of Holdings and its Affiliates
or (iii) have other relationships with Holdings and its Affiliates. In addition, it may provide investment banking, underwriting
and financial advisory services to such other entities and persons. It may also co-invest with, make direct investments in, and invest
or co-invest client monies in or with funds or other investment vehicles managed by other parties, and such funds or other investment
vehicles may trade or make investments in securities of Holdings and its Affiliates or such other entities. The transactions contemplated
hereby and by the other Loan Documents may have a direct or indirect impact on the investments, securities or instruments referred to
in this clause.

 

Section 10.21          Electronic
Execution of Assignments and Certain Other Documents. The words “execution,” “signed,” “signature,”
and words of like import in any Loan Document, any Assignment and Assumption, any Committed Loan Notice or any amendment or other modification
thereof (including waivers and consents) shall be deemed to include electronic signatures or the keeping of records in electronic form,
each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based
recordkeeping system, as the case may be, to the extent and as provided for in any applicable Law, including the Federal Electronic Signatures
in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based
on the Uniform Electronic Transactions Act.

 

    	 	205	 

     

    

 

Section 10.22          USA
PATRIOT Act. Each Lender that is subject to the PATRIOT Act and the Administrative Agent (for itself and not on behalf of any Lender)
hereby notifies the Loan Parties that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law
October 26, 2001, as amended from time to time)) (the “PATRIOT Act”), it is required to obtain, verify and record
information that identifies each Loan Party, which information includes the name and address of each Loan Party and other information
that will allow such Lender or the Administrative Agent, as applicable, to identify each Loan Party in accordance with the PATRIOT Act.
Each Loan Party shall, promptly following a request by the Administrative Agent or any Lender, provide all documentation and other information
that is required in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering
rules and regulations, including the PATRIOT Act and the Beneficial Ownership Regulation.

 

Section 10.23          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 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 10.24          Acknowledgement
Regarding Any Supported QFCs.

 

(a)           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):

 

    	 	206	 

     

    

 

(b)           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.

 

[REMAINDER OF THIS PAGE IS
INTENTIONALLY LEFT BLANK]

 

    	 	207	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have caused this Agreement to be duly executed as of the date first written above.

 

	 	VERTEX AEROSPACE SERVICES CORP.,
	 	as the Borrower
	 	 
	 	By:	/s/ John Edward Boyington, Jr.
	 	 	Name: John Edward Boyington, Jr.
	 	 	Title: Chief Executive Officer
	 	 
	 	 
	 	VERTEX AEROSPACE INTERMEDIATE
    LLC,
	 	as Holdings
	 	 
	 	By:	/s/ John Edward Boyington, Jr.
	 	 	Name: John Edward Boyington, Jr.
	 	 	Title: Chief Executive Officer

 

[Signature Page to Credit Agreement]

 

     

     

    

 

 

	 	ROYAL
BANK OF CANADA, as Administrative Agent and Collateral Agent
	 	 	 
	 	By:	/s/ Susan Khoker
	 	 	Name: Susan Khoker
	 	 	Title: Manager, Agency

 

[Signature Page to Credit Agreement]

 

     

     

    

 

	 	ROYAL
    BANK OF CANADA, as an Arranger and  Lender
	 	 	 
	 	By:	/s/ Chuck D. Smith
	 	 	Name: Charles D. Smith
	 	 	Title: Managing Director, Head of Leveraged Finance

 

[Signature Page to Credit Agreement]

 

     

     

    

 

	 	[BANK],
as a Lender
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

[Signature Page to Credit Agreement]Exhibit 10.5

 

ABL CREDIT AGREEMENT

 

Conformed through First Amendment to ABL Credit
Agreement, dated as of May 17, 2019,

Second Amendment to ABL Credit Agreement, dated
as of May 17, 2021,

Third Amendment to ABL Credit Agreement, dated
as of December 6, 2021 and

Fourth Amendment to ABL Credit Agreement, dated
as of July 5, 2022

 

 

 

ABL CREDIT AGREEMENT

 

DATED AS OF JUNE 29, 2018

 

AMONG

 

VERTEX AEROSPACE SERVICES CORP.,

AS A BORROWER,

 

VERTEX AEROSPACE INTERMEDIATE LLC,

AS HOLDINGS,

 

ROYAL BANK OF CANADA,

AS A JOINT LEAD ARRANGER, JOINT BOOKRUNNER AND L/C ISSUER,

 

ALLY BANK,

AS ADMINISTRATIVE AGENT, COLLATERAL AGENT, SWINGLINE LENDER AND A

JOINT LEAD ARRANGER AND JOINT BOOKRUNNER,

 

AND

 

THE OTHER LENDERS AND L/C ISSUERS PARTY HERETO

 

 

 

    

     

    

 

TABLE OF CONTENTS

 

Page

 

	Article I
    Definitions and Accounting Terms	1

	Section 1.01.	Defined Terms	1

	(t)	the
                                            amount of any costs or expenses incurred on or prior to the Third Amendment Effective Date
                                            that are allocated to the	26
	(u)	exit,
                                            separation, transition and stand-alone charges, expenses or losses associated with the separation
                                            of the Target Business from the consolidated business of the Seller Entities and their Affiliates
                                            (after giving effect to the Acquisition) (the “Pre-Contribution Seller Business”);	26

	Section 1.02.	Other Interpretive Provisions	106
	Section 1.03.	Accounting Term	109
	Section 1.04.	Rounding	109
	Section 1.05.	References to Agreements and Laws	109
	Section 1.06.	Times of Day	110
	Section 1.07.	Timing of Payment or Performance	110
	Section 1.08.	Currency Equivalents Generally	110
	Section 1.09.	Letter of Credit Amounts	111
	Section 1.10.	Pro Forma Calculations	111
	Section 1.11.	Calculation of Baskets	112
	Section 1.12.	Borrower Representative	114
	Section 1.13.	Benchmark Replacement	115
	Section 1.14.	Divisions	117

 

	Article II
    The Commitments and Credit Extensions	117

	Section 2.01.	Revolving Credit Loans	117
	Section 2.02.	Borrowings, Conversions and Continuations of Loans	117
	Section 2.03.	Letters of Credit	119
	Section 2.04.	Swingline Loans	128
	Section 2.05.	Prepayments	129
	Section 2.06.	Termination or Reduction of Commitments	130
	Section 2.07.	Repayment of Loans	131
	Section 2.08.	Interest	132
	Section 2.09.	Fees	132
	Section 2.10.	Computation of Interest and Fees; Retroactive Adjustments
    of Applicable Rate	133
	Section 2.11.	Evidence of Indebtedness	134
	Section 2.12.	Payments Generally; Administrative Agent’s Clawback	135
	Section 2.13.	Sharing of Payments	137
	Section 2.14.	Incremental Facilities	138
	Section 2.15.	[Reserved]	140
	Section 2.16.	Cash Collateral	140
	Section 2.17.	Defaulting Lenders	141

 

    i 

     

    

 

	Article III
    Taxes, Increased Costs Protection and Illegality	143

	Section 3.01.	Taxes	143
	Section 3.02.	[Reserved]	147
	Section 3.03.	Illegality	147
	Section 3.04.	Inability to Determine Rates	148
	Section 3.05.	Increased Cost and Reduced Return; Capital Adequacy and Liquidity
    Requirements	149
	Section 3.06.	Funding Losses	150
	Section 3.07.	Matters Applicable to All Requests for Compensation	150
	Section 3.08.	Replacement of Lenders under Certain Circumstances	152

 

	Article IV
    Conditions Precedent to Credit Extensions	154

	Section 4.01.	Conditions to the Initial Credit Extension on
    the Closing Date	154
	Section 4.02.	Conditions to All Credit Extensions	157

 

	Article V
    Representations and Warranties	158

	Section 5.01.	Existence, Qualification and Power; Compliance
    with Laws	158
	Section 5.02.	Authorization; No Contravention	158
	Section 5.03.	Governmental Authorization; Other Consents	159
	Section 5.04.	Binding Effect	159
	Section 5.05.	Financial Statements; No Material Adverse Effect	159
	Section 5.06.	Litigation	160
	Section 5.07.	Use of Proceeds	160
	Section 5.08.	Ownership of Property; Liens	160
	Section 5.09.	Environmental Compliance	161
	Section 5.10.	Taxes	161
	Section 5.11.	Employee Benefits Plans	162
	Section 5.12.	Subsidiaries; Capital Stock	163
	Section 5.13.	Margin Regulations; Investment Company Act	163
	Section 5.14.	Disclosure	163
	Section 5.15.	Compliance with Laws	164
	Section 5.16.	Intellectual Property; Licenses, Etc.	164
	Section 5.17.	Solvency	164
	Section 5.18.	Perfection, Etc.	164
	Section 5.19.	Sanctions; OFAC; Beneficial Ownership	165
	Section 5.20.	Anti-Corruption Laws	165
	Section 5.21.	Government Contracts	166
	Section 5.22.	Borrowing Base Certificate	166

 

	Article VI
    Affirmative Covenants	167

	Section 6.01.	Financial Statements	167
	Section 6.02.	Certificates; Other Information	169
	Section 6.03.	Notices	172
	Section 6.04.	Payment of Taxes	173
	Section 6.05.	Preservation of Existence, Etc.	173
	Section 6.06.	Maintenance of Properties	173
	Section 6.07.	Maintenance of Insurance	174

 

    ii 

     

    

 

	Section 6.08.	Compliance with Laws	174
	Section 6.09.	Books and Records	174
	Section 6.10.	Inspection Rights	175
	Section 6.11.	Use of Proceeds	175
	Section 6.12.	Covenant to Guarantee Obligations and Give Security	176
	Section 6.13.	Compliance with Environmental Laws	178
	Section 6.14.	Further Assurances	179
	Section 6.15.	Maintenance of Ratings	180
	Section 6.16.	Post-Closing Undertakings	180
	Section 6.17.	No Change in Line of Business	180
	Section 6.18.	Transactions with Affiliates	180
	Section 6.19.	Field Examinations; Collateral Appraisals	184
	Section 6.20.	Control Accounts; Approved Deposit Accounts	185
	Section 6.21.	FACA Requirement	187
	Section 6.22.	Accounting Changes	187

 

	Article VII
    Negative Covenants	188

	Section 7.01.	Indebtedness	188
	Section 7.02.	Limitations on Liens	195
	Section 7.03.	Fundamental Changes	195
	Section 7.04.	Asset Sales	196
	Section 7.05.	Restricted Payments	198
	Section 7.06.	Burdensome Agreements	206
	Section 7.07.	[Reserved]	208
	Section 7.08.	Financial Covenant	208
	Section 7.09.	Holding Company	208

 

	Article VIII
    Events of Default and Remedies	209

	Section 8.01.	Events of Default	209
	Section 8.02.	Remedies Upon Event of Default	212
	Section 8.03.	Right to Cure	213
	Section 8.04.	Application of Funds	214

 

	Article IX
    Administrative Agent and Other Agents	216

	Section 9.01.	Appointment and Authorization of Agents	216
	Section 9.02.	Delegation of Duties	217
	Section 9.03.	Liability of Agents	218
	Section 9.04.	Reliance by Agents	219
	Section 9.05.	Notice of Default	219
	Section 9.06.	Credit Decision; Disclosure of Information by Agents	220
	Section 9.07.	Indemnification of Agents	220
	Section 9.08.	Agents in their Individual Capacities	221
	Section 9.09.	Successor Agents	221
	Section 9.10.	Administrative Agent May File Proofs of Claim	222
	Section 9.11.	Collateral and Guaranty Matters	223
	Section 9.12.	Other Agents; Arranger and Managers	224

 

    iii 

     

    

 

	Section 9.13.	Secured Cash Management Agreements and Secured
    Hedge Agreements	225
	Section 9.14.	Appointment of Supplemental Agents, Incremental Arrangers
    and Incremental Notes Arrangers	225
	Section 9.15.	Intercreditor Agreement	226
	Section 9.16.	Withholding Tax	227
	Section 9.17.	Certain ERISA Matters	228
	Section 9.18.	Erroneous Payments	229

 

	Article X
    Miscellaneous	233

	Section 10.01.	Amendments, Etc.	233
	Section 10.02.	Notices; Electronic Communications	237
	Section 10.03.	No Waiver; Cumulative Remedies; Enforcement	239
	Section 10.04.	Expenses	240
	Section 10.05.	Indemnification by the Borrowers	241
	Section 10.06.	Payments Set Aside	241
	Section 10.07.	Successors and Assigns	242
	Section 10.08.	Confidentiality	248
	Section 10.09.	Setoff	249
	Section 10.10.	Interest Rate Limitation	250
	Section 10.11.	Counterparts	250
	Section 10.12.	Integration; Effectiveness	250
	Section 10.13.	Survival of Representations and Warranties	251
	Section 10.14.	Severability	251
	Section 10.15.	Governing Law; Jurisdiction; Etc.	251
	Section 10.16.	Service of Process	252
	Section 10.17.	Waiver of Right to Trial by Jury	252
	Section 10.18.	Binding Effect	253
	Section 10.19.	No Advisory or Fiduciary Responsibility	253
	Section 10.20.	Affiliate Activities	254
	Section 10.21.	Electronic Execution of Assignments and Certain Other Documents	254
	Section 10.22.	USA PATRIOT Act	254
	Section 10.23.	Judgment Currency	255
	Section 10.24.	Joint and Several Liability	255
	Section 10.25.	Acknowledgement and Consent to Bail-In of EEA Financial Institutions	255
	Section 10.26.	Section 956 Override	256

 

	Article XI
    Intercreditor Agreement	256

	Section 11.01.	Intercreditor Agreement	256

 

    iv 

     

    

 

SCHEDULES

 

		1	Guarantors
		1.01(a)	Adjustments to Consolidated EBITDA
		1.01(b)	Scheduled Dispositions
		2.01	Commitments and Pro Rata Shares
		5.08(b)	Material Real Property
		5.12	Subsidiaries and Other Equity Investments
		5.16	Intellectual Property Matters
		5.21	Government Contracts
		6.16	Post-Closing Undertakings
		7.01	Closing Date Indebtedness
		7.02	Closing Date Liens
		7.05	Closing Date Investments
		10.02	Administrative Agent’s Office, Certain Addresses for Notices

 

EXHIBITS

 

Form of

 

		A-1	Committed Loan Notice
		A-2	Request for L/C Credit Extension
		B-1	Revolving Credit Note
		B-2	Swingline Note
		C	Compliance Certificate
		D-1	Assignment and Assumption
		D-2	Administrative Questionnaire
		E-1	Holdings Guaranty
		E-2	Subsidiary Guaranty
		F	Security Agreement
		G	Solvency Certificate
		H	Intercompany Subordination Agreement
		I	Borrowing Base Certificate
		J-1	U.S. Tax Compliance Certificate
		J-2	U.S. Tax Compliance Certificate
		J-3	U.S. Tax Compliance Certificate
		J-4	U.S. Tax Compliance Certificate
		K	Optional Prepayment of Loans
		L	ABL Intercreditor Agreement

 

    v 

     

    

 

This ABL CREDIT AGREEMENT
is entered into as of June 29, 2018, among VERTEX AEROSPACE SERVICES CORP., a Delaware corporation (“Vertex”,
and collectively with each other Person joined hereto as a borrower from time to time, the “Borrowers” and each, a
 “Borrower”), VERTEX AEROSPACE INTERMEDIATE LLC, a Delaware limited liability company (“Holdings”),
each Person party hereto as a lender from time to time (collectively, the “Lenders” and individually, a “Lender”),
each L/C Issuer party hereto, ROYAL BANK OF CANADA (in its individual capacity, “RBC”) as a Joint Lead Arranger, Joint
Bookrunner and L/C Issuer, and ALLY BANK, a Utah state bank (in its individual capacity, “Ally”), as Administrative
Agent, Collateral Agent, Swingline Lender and a Joint Lead Arranger and Joint Bookrunner.

 

PRELIMINARY STATEMENTS

 

Pursuant to that certain
Share and Asset Purchase and Sale Agreement, dated as of September 8, 2021 (together with all exhibits, annexes and schedules thereto,
as amended, modified, restated, supplemented or waived in accordance with the terms thereof, the “Purchase Agreement”),
by and among Raytheon Company, a Delaware corporation (the “Seller”), Vertex Aerospace LLC, a Delaware limited liability
company (the “Purchaser”), and Vertex Aerospace Services Holding Corp., a Delaware corporation (“Vertex Holdings”),
the Purchaser will, directly or indirectly, acquire (the “Acquisition”) all of the Seller Entities’ (as defined
in the Purchase Agreement) right, title and interest in and to certain assets constituting the Business (as defined in the Purchase Agreement),
including the Purchased Entity Shares (as defined in the Purchase Agreement) (the “Target Business”) from the Seller
and which, after giving effect to the Transactions, will be owned directly or indirectly by the Borrower.

 

The Borrowers have requested
that, upon the satisfaction in full (or waiver by the Administrative Agent) of the conditions precedent set forth in Article IV
below, (i) the Lenders make available to the Borrowers a revolving credit facility in an aggregate principal amount at any time
outstanding not to exceed $200,000,000 for the making, from time to time, of revolving loans and the issuance, from time to time, of
letters of credit; and (ii) the Swingline Lender make available to the Borrowers a swingline facility in an aggregate principal
amount at any time outstanding not to exceed $10,000,000 for the making, from time to time, of swingline loans, in each case on the terms
and subject to the conditions set forth in this Agreement.

 

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

 

Article I

Definitions and Accounting Terms

 

Section 1.01.          Defined
Terms. As used in this Agreement, the following terms shall have the meanings set forth below:

 

“ABL Covenant Trigger”
has the meaning specified in Section 7.08.

 

“ABL Fee Letters”
means (x) that certain Fee Letter dated as of June 1, 2018 by and between Ally and Vertex and (y) that certain Second
Amended and Restated Fee Letter, dated as of June 1, 2018, by and among Morgan Stanley Senior Funding, Inc., RBC, Deutsche
Bank Securities Inc., Ally and Vertex.

 

     

     

    

 

“ABL Intercreditor
Agreement” means the ABL Intercreditor Agreement, in form and substance satisfactory to the Administrative Agent, among the
Administrative Agent, the First Lien Administrative Agent, and the Second Lien Administrative Agent, with such modifications thereto
as the Administrative Agent may reasonably agree. On the Third Amendment Effective Date, the Administrative Agent will enter into the
ABL Intercreditor Agreement among the First Lien Administrative Agent, the Second Lien Administrative Agent and the other parties thereto.

 

“ABL Priority Collateral”
has the meaning assigned to the term “ABL Collateral” in the ABL Intercreditor Agreement.

 

“Accepting Lender”
has the meaning specified in Section 10.01.

 

“Account”
as defined in the UCC.

 

“Account Debtor”
means each debtor, customer or obligor in any way obligated on or in connection with any Account Receivable.

 

“Account Receivable”
means, with respect to any Person, any and all rights of such Person to payment for goods sold or leased and/or services rendered, including
Accounts, general intangibles and any and all such rights evidenced by chattel paper, instruments or documents, whether due or to become
due and whether or not earned by performance, and whether now or hereafter acquired or arising in the future, and any proceeds arising
therefrom or relating thereto.

 

“Acquired Indebtedness”
means, with respect to any specified Person, (a) Indebtedness of any other Person existing at the time such other Person is merged,
amalgamated or consolidated with or into or becomes a Restricted Subsidiary of such specified Person, whether or not such Indebtedness
is Incurred in connection with, or in contemplation of, such other Person merging, amalgamating or consolidating with or into, or becoming
a Restricted Subsidiary of, such specified Person and (b) Indebtedness secured by a Lien encumbering any asset acquired by such
specified Person.

 

“Acquisition”
has the meaning specified in the Preliminary Statements of this Agreement.

 

“Adjusted Term SOFR”
means an interest rate per annum equal to (a) Term SOFR, plus (b) 0.10% (10 basis points); provided, that Adjusted Term SOFR
shall not be less than the SOFR Floor.

 

“Administrative
Agent” means Ally, acting through such of its Affiliates or branches as it may designate, in its capacity as administrative
agent under any of the Loan Documents, or any successor administrative agent permitted by the terms hereof.

 

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

 

    2 

     

    

 

“Administrative
Questionnaire” means an Administrative Questionnaire in substantially the form of Exhibit D-2 or any other form
approved by the Administrative Agent.

 

“Affected Financial
Institution” means (i) any EEA Financial Institution or (ii) any UK Financial Institution.

 

“Affiliate”
of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect common
control with such specified Person. For purposes of this definition, “control” (including, with correlative meanings, the
terms “controlling,” “controlled by” and “under common control with”), as used with respect to any
Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of
such Person, whether through the ownership of voting securities, by agreement or otherwise.

 

“Affiliate Transaction”
has the meaning specified in Section 6.18(a).

 

“Agent-Related Distress
Event” means, with respect to the Administrative Agent, the Collateral Agent or any Person that directly or indirectly controls
the Administrative Agent (each, a “Distressed Agent-Related Person”), a voluntary or involuntary case with respect
to such Distressed Agent-Related Person under any Debtor Relief Law is commenced, or a custodian, conservator, receiver or similar official
is appointed for such Distressed Agent-Related Person or any substantial part of such Distressed Agent-Related Person’s assets,
or such Distressed Agent-Related Person makes a general assignment for the benefit of creditors or is otherwise adjudicated as, or determined
by any Governmental Authority having regulatory authority over such Distressed Agent-Related Person to be, insolvent or bankrupt; provided,
that an Agent-Related Distress Event shall not be deemed to have occurred solely by virtue of the ownership or acquisition of any Equity
Interests in the Administrative Agent or any Person that directly or indirectly controls the Administrative Agent by a Governmental Authority
or an instrumentality thereof.

 

“Agent-Related Persons”
means each Agent, together with its Related Parties.

 

“Agents”
means, collectively, the Administrative Agent, the Collateral Agent, the Arrangers and the Supplemental Agents (if any).

 

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

 

“Agreement”
means this ABL Credit Agreement.

 

“Agreement Currency”
has the meaning specified in Section 10.23.

 

“Ally”
has the meaning specified in the introductory paragraph to this Agreement.

 

“Alternative Currency”
means Dollars, or with respect to Letters of Credit, such currency as may be agreed to by the applicable L/C Issuer.

 

    3 

     

    

 

“Anti-Corruption
Laws” has the meaning specified in Section 5.20.

  

“Anticipated Cure
Deadline” has the meaning specified in Section 8.03(a).

 

“Applicable Commitment
Fee” means a percentage per annum equal to (a) from the Closing Date until the first Business Day that immediately follows
the date on which a Borrowing Base Certificate is delivered pursuant to Section 6.02(h) in respect of the first full fiscal
quarter ending after the Closing Date, 0.250% per annum and (b) thereafter, the applicable percentage per annum set forth below,
as determined by reference to the Average Usage.

 

Applicable
    Commitment Fee

 

	Pricing Level	 	Average Use	 	Applicable
    
 Commitment Fee	 
	1	 	Equal to or less than 50%	 	 	0.375	%
	2	 	Greater than 50%	 	 	0.250	%

 

“Applicable Rate”
means a percentage per annum equal to (i) from the Closing Date until the first Business Day that immediately follows the date on
which a Borrowing Base Certificate is delivered pursuant to Section 6.02(h)(i) in respect of the third full fiscal month ending
after the Closing Date, 2.25% per annum for SOFR Rate Loans and 1.25% per annum for Base Rate Loans and (ii) thereafter, the applicable
percentage per annum set forth below, as determined by reference to average daily Excess Availability, as set forth in the then most
recent Borrowing Base Certificate received by the Administrative Agent pursuant to Section 6.02(h)(i):

 

Applicable
    Rate

 

	Pricing Level	 	Average
    Daily
 Excess Availability	 	SOFR
    
 Rate Loans	 	Base Rate Loans	 
	1	 	≥ 66.7% of Loan Cap	 	1.75	%	0.75	%
	2	 	< 66.7% of Loan Cap and ≥ 33.3% of Loan Cap	 	2.00	%	1.00	%
	3	 	< 33.3% of Loan Cap	 	2.25	%	1.25	%

 

Any increase or decrease
in the Applicable Rate resulting from a change in the average daily Excess Availability shall become effective as of the first Business
Day immediately following the date a Borrowing Base Certificate is delivered pursuant to Section 6.02(h)(i); provided, however,
that “Pricing Level 3” for the tables set forth above shall apply without regard to the average daily Excess Availability
(x) at any time after the date on which any Borrowing Base Certificate was required to have been delivered pursuant to Section 6.02(h)(i) but
was not delivered, commencing with the first Business Day immediately following such date and continuing until the earlier of (A) the
first Business Day immediately following the date on which such Borrowing Base Certificate is delivered and (B) the date on which
the next Borrowing Base Certificate is delivered pursuant to Section 6.02(h)(i), or (y) at all times if a Specified Default
shall have occurred and be continuing.

 

    4 

     

    

 

Notwithstanding anything
to the contrary contained in this definition, the determination of the Applicable Rate for any period shall be subject to the provisions
of Section 2.10(b).

 

“Applicable Threshold”
means on any date of determination, the amount equal to the greater of (i) 10% of the Loan Cap and (ii) $10,000,000.

 

“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.

 

“Approved Deposit
Account” means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained
by any Loan Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account
and all certificates and instruments, if any, representing or evidencing such Deposit Account.

 

“Appropriate Lender”
means, at any time, (a) with respect to the Revolving Commitments, each Revolving Credit Lender, (b) with respect to the Letter
of Credit Sublimit, the applicable L/C Issuer, and (c) with respect to Swingline Loans, the applicable Swingline Lender.

 

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

 

“Approved Securities
Intermediary” means a “securities intermediary” or “commodity intermediary” (as such terms are defined
in the UCC) selected or approved by the Administrative Agent (such approval not to be unreasonably withheld); it being understood and
agreed that the “securities intermediaries”, “commodities intermediaries” and “futures intermediaries”
of the Loan Parties on the Closing Date are Approved Securities Intermediaries.

 

“Arrangers”
means each of Ally and RBC, in their respective capacities as exclusive joint lead arrangers and joint bookrunners.

 

“Asset Sale”
means any Disposition by a Borrower or any Restricted Subsidiary other than:

 

(a)            a
sale, exchange or other disposition of cash, Cash Equivalents or Investment Grade Securities, or of obsolete, damaged, unnecessary, surplus,
negligible, unsuitable or worn out equipment or other assets in the ordinary course of business, or dispositions of property no longer
used, useful or economically practicable to maintain in the conduct of the business of the Borrower Parties (including allowing any such
registrations or any such applications for registration of any such intellectual property or other such intellectual property rights
to lapse or become abandoned);

 

    5 

     

    

 

(b)            without
limiting the provisions of Section 8.01(k), the sale, conveyance, lease or other disposition of all or substantially all of the
assets of any Borrower in compliance with the provisions of Section 7.03 or Section 7.04 or any Disposition that constitutes
a Change of Control;

 

(c)            any
Restricted Payment that is permitted to be made, and is made, pursuant to Section 7.05 or any Permitted Investment;

 

(d)            any
Disposition of assets or issuance or sale of Equity Interests of any Restricted Subsidiary, in a single transaction or series of related
transactions, with an aggregate Fair Market Value of less than or equal to the greater of (x) $42,000,000 and (y) 20.0% of
Consolidated EBITDA of the Borrower Parties per fiscal year; provided that any unused amounts pursuant to this clause (d) during
any fiscal year shall carry forward into the succeeding fiscal year; provided, further that, with respect to any Disposition
of ABL Priority Collateral made pursuant to this clause (d) having a Fair Market Value in excess of $10,000,000, Borrowers shall
deliver to the Administrative Agent an updated Borrowing Base Certificate demonstrating the Borrowing Base after giving effect to such
Disposition;

 

(e)            any
transfer or Disposition of property or assets or issuance or sale of Equity Interests by a Restricted Subsidiary to a Borrower or by
a Borrower or a Restricted Subsidiary to another Restricted Subsidiary;

 

(f)             the
creation of any Lien permitted under this Agreement;

 

(g)            any
issuance, sale, pledge or other disposition of Equity Interests in, or Indebtedness or other securities of, an Unrestricted Subsidiary;

 

(h)            the
sale, lease, assignment, license or sublease of inventory, equipment, accounts receivable, notes receivable or other current assets held
for sale in the ordinary course of business or the conversion of accounts receivable to notes receivable or dispositions of accounts
receivable in connection with the collection or compromise thereof;

 

(i)             the
lease, assignment, license, sublicense or sublease of any real or personal property in the ordinary course of business;

 

(j)             [reserved];

 

(k)            [reserved];

 

(l)            any
exchange of assets for Related Business Assets (including a combination of Related Business Assets and a de minimis amount of cash or
Cash Equivalents) of comparable or greater market value than the assets exchanged, as determined in good faith by the Borrower Representative;

 

    6 

     

    

 

(m)           (i) the
sale, assignment, licensing, sub-licensing, cross-licensing or other disposition of intellectual property or other general intangibles
(1) in the ordinary course of business or (2) which do not materially interfere with the ordinary conduct of the business of
the Borrower or any Restricted Subsidiary and do not secure any Indebtedness, (ii) the sale, assignment, licensing, sub-licensing
or other disposition of intellectual property or other general intangibles pursuant to any Intercompany License Agreement, and (iii) the
statutory expiration of any intellectual property (for the avoidance of doubt, this clause (m) is subject to the last paragraph
of Section 7.04);

 

(n)            any
Sale/Leaseback Transaction of any property acquired or built after the Third Amendment Effective Date; provided that such sale
is for at least Fair Market Value;

 

(o)           the
surrender or waiver of obligations of trade creditors or customers or other contract rights that were incurred in the ordinary course
of business of any Borrower or any Restricted Subsidiary, including pursuant to any plan of reorganization or similar arrangement upon
the bankruptcy or insolvency of any trade creditor or customer or compromise, settlement, release or surrender of a contract, tort or
other litigation claim, arbitration or other disputes;

 

(p)            Dispositions
arising from foreclosures, condemnations, eminent domain, seizure, nationalization or any similar action with respect to assets, dispositions
of property subject to casualty events and (except for purposes of calculating Net Cash Proceeds of any Asset Sale under the second and
third paragraphs of Section 7.04) Dispositions necessary or advisable (as determined by the Borrower Representative in good faith)
in order to consummate any acquisition of any Person, business or assets;

 

(q)            Dispositions
of Investments (including Equity Interests) in joint ventures to the extent required by, or made pursuant to customary buy/sell arrangements
or rights of first refusal between, the joint venture parties set forth in joint venture arrangements and similar binding arrangements;

 

(r)             to
the extent allowable under Section 1031 of the Code, any exchange of like property (excluding any boot thereon) for use in a Similar
Business;

 

(s)            the
issuance of directors’ qualifying shares and shares issued to foreign nationals or other third-parties to the extent required by
applicable law;

 

(t)            [reserved];

 

(u)            a
sale or transfer of equipment receivables, or participations therein, and related assets;

 

(v)           a
sale or transfer of receivables made pursuant to factoring arrangements;

 

(w)           any
Disposition constituting part of a Permitted Reorganization or a Permitted IPO Reorganization;

 

(x)            Dispositions
of any assets (including Equity Interests) (i) acquired in connection with any Investment permitted hereunder, which assets are
not core or principal to the business of the Borrower Parties or (ii) made to obtain the approval of any applicable antitrust or
other regulatory authority in connection with any Investment permitted hereunder;

 

    7 

     

    

  

(y)            any
Sale/Leaseback Transaction so long as either (i) the Maximum Leverage Requirement is satisfied after giving effect to any resulting
Capitalized Lease Obligation on a Pro Forma Basis (but excluding the proceeds of such Sale/Leaseback for purposes of cash netting), (ii) any
Capitalized Lease Obligation incurred in connection with such Sale/Leaseback Transaction is permitted under Section 7.01(d) or
(iii) the Fair Market Value for all such assets disposed of pursuant to such Sale/Leaseback Transaction under this clause (iii) does
not exceed the greater of (x) $62,000,000 and (y) 30.0% of Consolidated EBITDA of the Borrower Parties;

 

(z)            Dispositions
of assets that do not constitute Collateral with an aggregate Fair Market Value, for all such assets disposed of pursuant to this clause
(z) in any fiscal year, not to exceed the greater of (x) $16,000,000 and (y) 7.5% of Consolidated EBITDA of the Borrower
Parties; provided that any unused amounts pursuant to this clause (z) during any fiscal year shall carry forward into the
succeeding fiscal year;

 

(aa)          Borrower
and any Restricted Subsidiary may: (i) terminate or otherwise collapse its cost sharing agreements with Borrower or any Subsidiary
and settle any crossing payments in connection therewith; (ii) convert any intercompany Indebtedness
to Equity Interests or any Equity Interests to intercompany Indebtedness; (iii) transfer any intercompany Indebtedness to Borrower
or any Restricted Subsidiary; (iv) settle, discount, write off, forgive or cancel any intercompany Indebtedness or other obligation
owing by Borrower or any Restricted Subsidiary; (v) settle, discount, write off, forgive or cancel any Indebtedness owing by any
present or former consultants, managers, directors, officers or employees of Borrower, any direct or indirect parent thereof, or any
Subsidiary thereof or any of their successors or assigns; or (vi) surrender or waive contractual rights and settle, release, surrender
or waive contractual or litigation claims (or other disposition of assets in connection therewith);

 

(bb)         Any
disposition of property to the extent that (1) such property is exchanged for credit against the purchase price of similar replacement
property (excluding any boot thereon) that is purchased within 270 days thereof or (2) the proceeds of such disposition are promptly
applied to the purchase price of such replacement property (which replacement property is actually purchased within 270 days thereof);
and

 

(cc)          Dispositions
set forth on Schedule 1.01(b) hereto.

 

For the avoidance of doubt,
the unwinding of Swap Contracts shall not be deemed to constitute an Asset Sale.

 

“Assigned Government
Contract” means any Government Contract that (a) is for an amount in excess of Three Million Dollars ($3,000,000), or
(b) pursuant to the terms of Section 6.21 hereof, is required to be subject to the FACA Requirement.

 

“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 substantially in the form of Exhibit D-1, or otherwise in form and
substance reasonably acceptable to the Administrative Agent and the Borrower Representative.

 

    8 

     

    

 

“Auto-Renewal Letter
of Credit” has the meaning specified in Section 2.03(c)(iii).

  

“Available Incremental
Amount” has the meaning specified in Section 2.14(a).

 

“Available Tenor”
means, as of any date of determination and with respect to the then-current Benchmark, as applicable, (x) if such 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 (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 1.13.

 

“Average Usage”
means, on any date, the average Total Revolving Credit Outstandings as a percentage of the aggregate Revolving Credit Commitments during
the immediately preceding calendar quarter.

 

“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).

 

“Bank Product Reserve”
means, as of any date of determination, the lesser of (a) $2,000,000 and (b) the amount of reserves that the Administrative
Agent has established (based upon the Administrative Agent’s reasonable determination of the credit exposure in respect of the
then extant Bank Products) in respect of Bank Products then provided or outstanding; provided that, in order to qualify as a Bank
Product Reserve, such reserve must be established within five (5) Business Days after the Borrower Representative provides notice
to the Administrative Agent of the establishment of the applicable Bank Product; provided, further, that the Administrative
Agent shall establish a Bank Product Reserve if reasonably requested to do so by a provider of Bank Products.

 

“Bank Products”
means Secured Cash Management Agreements and Secured Hedge Agreements.

 

“Bankruptcy Code”
means Title 11 of the United States Code, entitled “Bankruptcy”, as amended from time to time.

 

    9 

     

    

 

“Base Rate”
means, for any day, a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate on such day plus 1/2 of 1%,
(b) the Prime Lending Rate on such day and (c) Adjusted Term SOFR published on the Base Rate Term SOFR Determination Date for
such day for a tenor of one (1) month plus 1% per annum. If the Administrative Agent shall have determined (which determination
shall be conclusive absent manifest error) that it is unable to ascertain the Federal Funds Rate for any reason, the Base Rate shall
be determined without regard to clause (a) above until the circumstances giving rise to such inability no longer exist.

  

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

 

“Base Rate Term
SOFR Determination Day” has the meaning specified in the definition of “Term SOFR”.

 

“Basket”
means any “basket”, amount, threshold, exception or value (including by reference to the Fixed Charge Coverage Ratio, Consolidated
First Lien Net Leverage Ratio, the Consolidated Secured Net Leverage Ratio, the Consolidated Total Net Leverage Ratio, the Consolidated
Interest Coverage Ratio, Consolidated EBITDA or Consolidated Net Tangible Assets) permitted or prescribed with respect to any Lien, Indebtedness,
Asset Sale (or other disposition or other sale of property or assets), Investment, Restricted Payment, Affiliate Transaction or
any other transaction or action under any provision in this Agreement or any other Loan Document.

 

“Benchmark”
means, initially, the Term SOFR Reference Rate; provided that if a Benchmark Transition Event or an Early Opt-in Election, as
applicable, and the related Benchmark Replacement Date have occurred with 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 pursuant to Section 1.13.”

 

“Benchmark Replacement”
means, with respect to any Benchmark Transition Event, for any Available Tenor, the sum of: (a) the alternate benchmark rate that
has been selected by the Administrative Agent and the Borrower Representative giving due consideration to (i) any selection or recommendation
of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body or (ii) any evolving
or then-prevailing market convention for determining a benchmark rate as a replacement to the then-current Benchmark for Dollar-denominated
syndicated credit facilities and (b) the related Benchmark Replacement Adjustment; provided that, if such Benchmark Replacement
as so determined would be less than zero, such Benchmark Replacement will be deemed to be zero for the purposes of this Agreement and
the other Loan Documents.

 

“Benchmark Replacement
Adjustment” means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement,
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 Representative 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.

 

    10 

     

    

  

“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 or non-compliant with or non-aligned with the International Organization of Securities Commissions (IOSCO) Principles
for Financial Benchmarks; provided that such non-representativeness, non-compliance or non-alignment 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 the then-current Benchmark:

 

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

 

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

 

    11 

     

    

 

(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 not, or as of a specified future date will not be, representative
or in compliance with or aligned with the International Organization of Securities Commissions (IOSCO) Principles for Financial Benchmarks.

 

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 Transition
Start Date” means, (a) in the case of a Benchmark Transition Event, the earlier of (i) the applicable Benchmark Replacement
Date and (ii) if such Benchmark Transition Event is a public statement or publication of information of a prospective event, the
90th day prior to the expected date of such event as of such public statement or publication of information (or if the expected date
of such prospective event is fewer than 90 days after such statement or publication, the date of such statement or publication) and (b) in
the case of an Early Opt-in Election, the date jointly elected by the Administrative Agent and the Borrower Representative and specified
by the Administrative Agent by notice to the Borrowers and the Lenders.

 

“Benchmark Unavailability
Period” means, with respect to any Benchmark, 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 1.13 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 1.13.

 

“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, as amended.

 

“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”.

 

“Blockage Notice”
means a notice of “control” (as defined in the UCC) or its applicable equivalent contemplated to be delivered pursuant to
each Deposit Account Control Agreement.

 

    12 

     

    

 

“Board of Directors”
means as to any Person, the board of directors, board of managers, sole member or managing member or other governing body of such Person,
or if such Person is owned or managed by a single entity or a general partner, the board of directors, board of managers, sole member
or managing member or other governing body of such entity or general partner, or in each case, any duly authorized committee thereof,
and the term “directors” means members of the Board of Directors.

  

“Book Value”
means, with respect to any Inventory of any Person, the lower of (a) cost (determined under the first-in, first-out method) and
(b) market value, in each case, determined in accordance with GAAP calculated on an average cost basis.

 

“Borrower Materials”
has the meaning specified in Section 6.02.

 

“Borrower Parties”
means the collective reference to the Borrowers and the Restricted Subsidiaries, and “Borrower Party” means any one
of them.

 

“Borrower Representative”
means the entity appointed to act on behalf of the Borrowers pursuant to Section 1.12.

 

“Borrowers”
has the meaning specified in the introductory paragraph to this Agreement.

 

“Borrowing”
means a borrowing under the Revolving Credit Facility consisting of either (x) Swingline Loans or (y) simultaneous Revolving
Credit Loans of the same Type and, in the case of SOFR Rate Loans, having the same Interest Period made by each of the Revolving Credit
Lenders under the Revolving Credit Facility pursuant to Section 2.01.

 

“Borrowing Base”
means, at any time, a Dollar Amount equal to the sum of the following, as determined by reference to the most recent Borrowing Base Certificate:

 

(a)            85%
of the Net Amount of Eligible Accounts Receivable, Eligible Government Accounts Receivable and Eligible Government Subcontract Accounts
Receivable of the Loan Parties; plus

 

(b)           50%
of the Net Amount of Eligible Unbilled Accounts Receivable of the Loan Parties; plus

 

(c)            the
lesser of (x) 65% of the Book Value of Eligible Inventory of the Loan Parties, and (y) 85% of the net orderly liquidation value
of Eligible Inventory of the Loan Parties; less

 

(d)            the
aggregate amount of all Reserves of the Loan Parties established by the Administrative Agent; provided, however, notwithstanding
anything to the contrary contained in this Agreement, for the period commencing on (and including) the Third Amendment Effective Date
and ending on (and including) the date that the Borrowing Base Certificate for the month ending June 30, 2022 (the “June 2022
Borrowing Base Certificate”) is delivered (or required to be delivered) pursuant to Section 6.02(h)(i), the Borrowing
Base set forth above shall (i) exclude all assets acquired in connection with the Acquisition and (ii) be increased by an amount
equal to $20,000,000 (for the avoidance of doubt, after the Administrative Agent’s receipt of the June 2022 Borrowing Base
Certificate, the Borrowing Base shall be calculated without giving effect to the preceding proviso); provided, further, that notwithstanding
anything to the contrary contained in this Agreement, for the period commencing on (and including) the Fourth Amendment Effective Date
and ending on (and including) the date that is the earliest of (a) the first day after the Fourth Amendment Effective Date on which
the Initial Field Exam has been delivered to the Administrative Agent, (b) the Required Report Date, the Borrowing Base set forth
above shall (i) exclude all assets acquired in connection with the Merger and (ii) be increased by an amount equal to $75,000,000
(the “Deemed Borrowing Base”) (for the avoidance of doubt, after the Administrative Agent’s receipt of the Initial
Field Exam, the Borrowing Base shall be calculated without giving effect to the preceding proviso); provided, that if by the twentieth
(20th) Business Day following the Fourth Amendment Effective Date (or such longer period as the Administrative Agent may agree to in
its sole Discretion), the Valor Operating Company and any of its Subsidiaries which constitute Wholly Owned Restricted Subsidiaries that
are not Excluded Subsidiaries have not provided guarantees and granted a security interest with respect to any ABL Priority Collateral
owned by them, in either case, in accordance with and to the extent required under Section 6.12 (disregarding any time period set
forth therein to provide such guarantees and collateral) by such date, the Deemed Borrowing Base shall be zero.

 

    13 

     

    

  

“Borrowing Base
Certificate” means a certificate, substantially in the form of Exhibit I, of a Responsible Officer of the Borrower
Representative in form and substance reasonably satisfactory to the Administrative Agent.

 

“Business Day”
means (1) any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the Laws of
the State of New York, or are in fact closed in, New York City or (2) if such day relates to any interest rate settings as to a
SOFR Rate Loan, or any other calculation or determination involving Term SOFR, any such day described in clause (1) above that is
also a U.S. Government Securities Business Day.

 

“Capital Stock”
means:

 

(1)            in
the case of a corporation or company, corporate stock or share capital;

 

(2)            in
the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however designated)
of corporate stock;

 

(3)            in
the case of a partnership or limited liability company, partnership or membership interests (whether general or limited); and

 

(4)            any
other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions
of assets of, the issuing Person (it being understood and agreed, for the avoidance of doubt, that “cash-settled phantom appreciation
programs” in connection with employee benefits that do not require a dividend or distribution shall not constitute Capital Stock).

 

“Capital Lease”
means, as applied to any Person, any lease of any property (whether real, personal, or mixed) by that Person as lessee that, in conformity
with GAAP, is, or is required to be, accounted for as a finance lease on the balance sheet of that Person.

 

    14 

     

    

 

“Capitalized Lease
Obligation” means at the time any determination thereof is to be made, the amount of the liability in respect of a Capital
Lease that would at such time be required to be capitalized and reflected as a liability on a balance sheet (excluding the footnotes
thereto) in accordance with GAAP. For the avoidance of doubt, “Capitalized Lease Obligations” shall not include Non-Financing
Lease Obligations.

  

“Cash Collateral
Account” means any Deposit Account or Securities Account that is (a) established by any Agent from time to time in its
sole discretion to receive cash and Cash Equivalents (or purchase cash or Cash Equivalents with funds received) from the Loan Parties
or Persons acting on their behalf pursuant to the Loan Documents, (b) with such depositaries and securities intermediaries as such
Agent may determine in its sole discretion, (c) in the name of the Collateral Agent (although such account may also have words referring
to a Loan Party and the account’s purpose), (d) under the control of the Collateral Agent and (e) in the case of a Securities
Account, with respect to which the Collateral Agent shall be the Entitlement Holder and the only Person authorized to give Entitlement
Orders with respect thereto.

 

“Captive Insurance
Subsidiary” means any Subsidiary of the Borrower that is subject to regulation as an insurance company (or any Subsidiary thereof).

 

“Cash Collateralize”
means to pledge and deposit with or deliver to the Administrative Agent, for the benefit of the Administrative Agent, L/C Issuer or Swingline
Lender (as applicable) and the Lenders, as collateral for L/C Obligations or obligations of Lenders to fund participations in respect
of either thereof or Swingline Loans (as the context may require), cash, Cash Equivalents (if reasonably acceptable to the Administrative
Agent and the applicable L/C Issuer or Swingline Lender) or deposit account balances (in the case of L/C Obligations in the respective
currency or currencies in which the applicable L/C Obligations are denominated, unless otherwise agreed by the Administrative Agent or
L/C Issuer benefitting from such collateral) or, if the Administrative Agent, L/C Issuer or Swingline Lender (as applicable) benefiting
from such collateral shall agree in its sole discretion, other credit support (including by backstop with a letter of credit satisfactory
to the applicable L/C Issuer or by being deemed reissued under another agreement acceptable to the applicable L/C Issuer), in each case
pursuant to documentation in form and substance reasonably satisfactory to (a) the Administrative Agent, (b) the applicable
L/C Issuer or (c) the Swingline Lender (which documents are hereby consented to by the Lenders). “Cash Collateral”
shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support.

 

“Cash Dominion Period”
means any period beginning on:

 

(a)            the
date on which the Excess Availability is less than the Applicable Threshold for five (5) consecutive days, in each case continuing
until Excess Availability exceeds the Applicable Threshold for thirty (30) consecutive calendar days or;

 

(b)            the
date on which a Specified Default has occurred and is continuing and ending on the first Business Day on which no Specified Default has
occurred and is continuing.

 

    15 

     

    

 

“Cash Equivalents”
means:

 

(1)            Dollars,
Canadian Dollars, Pounds Sterling, Euro, Japanese Yen, the national currency of any Participating Member State of the European Union
and, with respect to any Foreign Subsidiaries, other currencies held by such Foreign Subsidiary in the ordinary course of business;

  

(2)            securities
issued or directly guaranteed or insured by the government of the United States, the United Kingdom or any country that is a member of
the European Union or any agency or instrumentality thereof in each case with maturities not exceeding two years from the date of acquisition;

 

(3)            money
market deposits, certificates of deposit, time deposits and eurodollar time deposits with maturities of two (2) years or less from
the date of acquisition, bankers’ acceptances, in each case with maturities not exceeding two (2) years, and overnight bank
deposits, in each case with any commercial bank having capital and surplus in excess of $250,000,000 in the case of domestic banks or
$100,000,000 (or the dollar equivalent thereof) in the case of foreign banks;

 

(4)            repurchase
obligations for underlying securities of the types described in clauses (2) and (3) above and clause (6) below entered
into with any financial institution or securities dealers of recognized national standing meeting the qualifications specified in clause
(3) above;

 

(5)            commercial
paper or variable or fixed rate notes issued by a corporation or other Person (other than an Affiliate of the Borrowers) rated at least
 “A-2” or the equivalent thereof by Moody’s or S&P (or reasonably equivalent ratings of another internationally
recognized ratings agency) and in each case maturing within two (2) years after the date of acquisition;

 

(6)            readily
marketable direct obligations issued by any state, commonwealth or territory of the United States of America or any political subdivision
or taxing authority thereof having an Investment Grade Rating from either Moody’s or S&P (or reasonably equivalent ratings
of another internationally recognized ratings agency) in each case with maturities not exceeding two (2) years from the date of
acquisition;

 

(7)            Indebtedness
issued by Persons (other than the Sponsor) with a rating of “A” or higher from S&P or “A-2” or higher from
Moody’s (or reasonably equivalent ratings of another internationally recognized ratings agency) in each case with maturities not
exceeding two years from the date of acquisition, and marketable short-term money market and similar securities having a rating of at
least “A-2” or “P-2” from either S&P or Moody’s (or reasonably equivalent ratings of another internationally
recognized ratings agency);

 

(8)            investment
funds investing at least 95% of their assets in investments of the types described in clauses (1) through (7) above and (9) and
(10) below;

 

(9)            Investments
with average maturities of 12 months or less from the date of acquisition in money market funds rated AAA (or the equivalent thereof)
or better by S&P or Aaa3 (or the equivalent thereof) or better by Moody’s (or reasonably equivalent ratings of another internationally
recognized ratings agency); and

 

    16 

     

    

 

(10)          in
the case of investments by any Foreign Subsidiary or investments made in a country outside the United States of America, other investments
of comparable tenor and credit quality to those described in the foregoing clauses (1) through (9) customarily utilized in
the countries where such Foreign Subsidiary is located or in which such investment is made.

  

In the case of Investments
by any Foreign Subsidiary, the term “Cash Equivalents” shall also include (x) Investments of the type and maturity described
in clauses (1) through (10) above of foreign obligors, which Investments or obligors (or the parent companies thereof) have
the ratings described in such clauses or equivalent ratings from comparable foreign rating agencies and (y) other short-term Investments
utilized by Foreign Subsidiaries in accordance with normal investment practices for cash management in Investments that are analogous
to the Investments described in clauses (1) through (10) above and in this paragraph.

 

“Cash Management
Agreement” means any agreement or arrangement to provide Cash Management Services to Holdings or any Restricted Subsidiary.

 

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

 

“Cash Management
Services” means any of the following to the extent not constituting a line of credit (other than an overnight draft facility
that is not in default); automated clearing house transactions, treasury and/or cash management services, including, without limitation,
treasury, depository, overdraft, credit, purchasing or debit card, non-card e-payable services, electronic funds transfer, treasury management
services (including controlled disbursement services, overdraft automatic clearing house fund transfer services, return items and interstate
depository network services), other demand deposit or operating account relationships, foreign exchange facilities, credit card processing
services and merchant services.

 

“Casualty Event”
means any event that gives rise to the receipt by any Borrower or any Restricted Subsidiary of any casualty insurance proceeds (excluding,
for the avoidance of doubt, any proceeds received from the R&W Policy) or condemnation awards or that gives rise to a taking by a
Governmental Authority in respect of any equipment, fixed assets or real property (including any improvements thereon) to replace, restore
or repair, or compensate for the loss of, such equipment, fixed assets or real property.

 

“CERCLA”
means the Comprehensive Environmental Response, Compensation, and Liability Act of 1980.

 

“CERCLIS”
means the Comprehensive Environmental Response, Compensation, and Liability Information System maintained by the U.S. Environmental Protection
Agency.

 

    17 

     

    

 

“Change of Control”
means, and will be deemed to have occurred if, at any time after the consummation of the Acquisition:

  

(a)            at
any time, Holdings ceases to own, directly or indirectly, beneficially or of record, 100% of the issued and outstanding Equity Interests
of Vertex;

 

(b)            at
any time prior to the consummation of a Qualified IPO, the Permitted Holders, taken together, shall cease to beneficially own (within
the meaning of Rule 13d-5 under the Exchange Act), directly or indirectly, at least a majority of the Voting Stock of Holdings (determined
on a fully diluted basis);

 

(c)            at
any time after the consummation of a Qualified IPO, any person or “group” (within the meaning of Rule 13d-5 under the
Exchange Act, but excluding any employee benefit plan of such person and its subsidiaries and any person or entity acting in its capacity
as trustee, agent or other fiduciary or administrator of any such plan), other than the Permitted Holders, acquires beneficial ownership
(within the meaning of Rule 13d-5 under the Exchange Act) of Voting Stock of Holdings representing both (i) more than 35% of
the aggregate ordinary voting power for the election of directors of Holdings and (ii) more than the percentage of the aggregate
ordinary voting power for the election of directors of Holdings that is at the time beneficially owned (within the meaning of Rule 13d-5
under the Exchange Act), directly or indirectly, by the Permitted Holders, taken together; unless, in the case of clause (b) above
or this clause (c) of this definition of “Change of Control”, the Permitted Holders have, at such time, the right or
the ability by voting power, contract, or otherwise to elect or designate for election at least a majority of the board of directors
(or analogous governing body) of Holdings; or

 

(d)            a
 “change of control” occurs under the First Lien Loan Documents or the Second Lien Loan Documents.

 

provided
that notwithstanding anything to the contrary in this definition or any provision of the Exchange Act, (A) if any group
includes one or more Permitted Holders, the issued and outstanding Capital Stock of Holdings directly or indirectly owned by Permitted
Holders that are part of such group shall not be treated as being beneficially owned by such group or any other member of such group
for purposes of this definition, (B) a Person or group shall be deemed not to beneficially own securities subject to an equity or
asset purchase agreement, merger agreement, option agreement, warrant agreement or similar agreement (or voting or option or similar
agreement related thereto) until the consummation of the acquisition of the securities in connection with the transactions contemplated
by such agreement and (C) a Person or group will be deemed not to beneficially own the Capital Stock of another Person as a result
of its ownership of Capital Stock or other securities of such other Person’s parent (or related contractual rights) unless it owns
50% or more of the Voting Stock of such Person’s parent.

 

“Closing Date”
means June 29, 2018.

 

“Closing Date Acquisition”
means the acquisition by Vertex, directly or indirectly, of certain assets and the equity interests of L-3 Communications Vertex Aerospace
LLC, a Delaware limited liability company, L-3 Army Sustainment LLC, a Delaware limited liability company, L-3 Communications Flight
International Aviation LLC, a Delaware limited liability company, and L-3 Communications Vector International Aviation LLC, a Delaware
limited liability company), as set forth in the Closing Date Purchase Agreement.

 

    18 

     

    

  

“Closing Date Equity
Contribution” has the meaning specified in the definition of “Closing Date Transactions”.

 

“Closing Date Purchase
Agreement” means that certain Stock and Asset Purchase Agreement, dated as of May 1, 2018 (together with all annexes and
schedules thereto, as amended, modified, restated, supplemented or waived in accordance with the terms thereof), by and among Vertex,
as the buyer, L-3 Communications Integrated Systems L.P. and L3 Technologies Inc. (collectively, the “Closing Date Seller”),
Vertex will acquire (the “Acquisition”), directly or indirectly, certain assets and the equity interests of L-3 Communications
Vertex Aerospace LLC, a Delaware limited liability company, L-3 Army Sustainment LLC, a Delaware limited liability company, L-3 Communications
Flight International Aviation LLC, a Delaware limited liability company, and L-3 Communications Vector International Aviation LLC, a
Delaware limited liability company (collectively, the “Sold Companies”).

 

“Closing Date Seller”
has the meaning specified in the definition of “Closing Date Purchase Agreement”.

 

“Closing Date Transactions”
means the Closing Date Acquisition consummated pursuant to the Closing Date Purchase Agreement, together with each of the following transactions
consummated or to be consummated in connection therewith:

 

(a)            The
Sponsor and other investors (including certain existing equity holders (and/or their respective affiliates) and members of management
of the Sold Companies) will directly or indirectly contribute to Vertex, an aggregate amount of cash and rollover equity (which, to the
extent in respect of any equity of Vertex other than common stock, shall be on terms reasonably acceptable to the Arrangers) of not less
than 40% of the sum of (1) the aggregate gross proceeds of the loans borrowed under this Facility and the facility under the Existing
Term Loan Credit Agreement on the Closing Date, excluding the gross proceeds of any increase in the aggregate principal amount of the
facility under the Existing Term Loan Credit Agreement and any borrowings on the Closing Date under the Facility (A) in either case,
to fund certain original issue discount or upfront fees agreed between Vertex and the arrangers of the facility under the Existing Term
Loan Credit Agreement pursuant to the ABL Fee Letter or (B) in the case of the Facility, to fund working capital needs and (2) the
amount of such cash and rollover equity contributed, in each case, on the Closing Date (collectively, the “Closing Date Equity
Contribution”); provided that the Sponsor shall directly or indirectly own at least 50.1% of the voting equity interests of
the Sold Companies immediately following the consummation of the Closing Date Transactions;

 

(b)            Vertex
obtaining the facility under the Existing Term Loan Credit Agreement and the Borrowers obtaining this Facility; and

 

    19 

     

    

 

(c)            the
payment of all fees, costs and expenses (including original issue discount and upfront fees) incurred in connection with the transactions
described in the foregoing provisions of this definition (the “Closing Date Transaction Costs”).

  

“Closing Date Transaction
Costs” has the meaning specified in the definition of “Closing Date Transactions”.

 

“Code”
means the U.S. Internal Revenue Code of 1986, as amended.

 

“Collateral”
means all of the “Collateral” (or similar term) referred to in the Collateral Documents and all of the other property and
assets that are or are required under the terms of the Collateral Documents to be subject to Liens in favor of the Collateral Agent for
the benefit of the Secured Parties.

 

“Collateral Agent”
means Ally, acting through such of its Affiliates or branches as it may designate, in its capacity as collateral agent under any of the
Loan Documents, or any successor collateral agent permitted by the terms hereof.

 

“Collateral Documents”
means, collectively, the Security Agreement, the Intellectual Property Security Agreement, the Mortgages (if any), each of the mortgages,
control agreements, collateral assignments, Security Agreement Supplements, Intellectual Property Security Agreement Supplements,
security agreements, pledge agreements or other similar agreements delivered to the Collateral Agent pursuant to Section 6.12, Section 6.14
or Section 6.16, and each of the other agreements, instruments or documents that creates or purports to create a Lien in favor of
the Collateral Agent for the benefit of the Secured Parties.

 

“Commitment”
means a Revolving Credit Commitment.

 

“Committed Loan
Notice” means a notice of (a) a Borrowing, (b) a conversion of Loans from one Type to the other or (c) a continuation
of SOFR Rate Loans, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit A-1.

 

“Commodity Account”
has the meaning given to such term in the UCC.

 

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

 

“Company Competitor”
means any Person that competes with the business of Holdings, the Borrowers and/or their Subsidiaries from time to time.

 

    20 

     

    

 

“Company Material
Adverse Effect” means any change, event, circumstance, state of facts, condition, occurrence, or development that, individually
or in the aggregate, (a) has, or would reasonably be expected to have, a material and adverse effect on the results of operations
or financial condition of the Business, taken as a whole, or (b) prevents or materially restrains the ability of Parent or Closing
Date Seller to consummate the Closing Date Transactions, but shall exclude any effects resulting from or relating to (i) events
or changes affecting economic, political or regulatory conditions generally or the capital or financial, banking or securities markets
generally (whether in the United States or any other country or in any international market(s), including any disruption thereof and
any increase or decline in the price of any security, commodity or any market index); (ii) changes in general business or economic
conditions affecting the industries in which the Business operates or its customers conduct business (including, in each case, changes
in exchange rates, embargoes and tariffs); (iii) changes in Law or GAAP or other applicable accounting principles, or in the interpretations
thereof after the date hereof; (iv) earthquakes, tsunamis or similar catastrophes, sabotage or national or international political
or social conditions, including the engagement by any other country in hostilities or the escalation thereof, whether or not pursuant
to the declaration of a national emergency or war and whether or not commenced before or after the date hereof, or the occurrence or
the escalation of any military or terrorist attack upon any country, or any of its territories, possessions, or diplomatic or consular
offices or upon any military installation, equipment or personnel of any country; (v) the announcement (or other publicity with
respect to) of the Closing Date Purchase Agreement, the Closing Agreements or the Closing Date Transactions, including by reason of (a) the
identity of Buyer or (b) the resignation of any employee of the Business or the Sold Companies in connection with the Closing Date
Transactions; (vi) any failure to meet internal projections, public estimates or expectations to the extent relating to the Business
(it being understood that the change, event, circumstance, development, condition, fact, occurrence or effect giving rise to or contributing
to such failure may be taken into account in determining whether a Company Material Adverse Effect has occurred); or (vii) any actions
taken by or for Buyer or to which Buyer has consented or agreed pursuant to the Closing Date Purchase Agreement; provided, however,
that in the case of the foregoing clauses (i) – (iv) such change, event, circumstance, development, condition, fact,
occurrence or effect shall not be excluded from the definition of “Company Material Adverse Effect” to the extent it has,
or would reasonably be expected to have, a disproportionate effect on the Business relative to other comparable businesses operating
in the industry in which Seller and the Sold Companies operate. With regard to any Government Contract or Government Bid, Company Material
Adverse Effect shall also include any change, occurrence, or development that has resulted or would reasonably be expected to result
in the initiation of suspension or debarment proceedings against Closing Date Seller that would reasonably threaten Seller’s ability
to compete for Government Contracts. Capitalized terms in the preceding definition (other than Closing Date Purchase Agreement and Company
Material Adverse Effect) are used as defined in the Closing Date Purchase Agreement in effect on May 1, 2018.

  

“Compliance Certificate”
means a certificate substantially in the form of Exhibit C or such other form as may be agreed between the Borrower Representative
and the Administrative Agent.

 

“Compliance Period”
has the meaning specified in Section 7.08.

 

“Conforming Changes”
means, with respect to the use or 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 “U.S. Government Securities Business Day,” the definition of
 “Interest Period” or any similar or analogous definition (or the addition of a concept of “interest period”),
timing and frequency of determining rates and making payments of interest, timing of borrowing requests or prepayment, conversion or
continuation notices, the applicability and length of lookback periods, the applicability of Section 1.13(a)(v) and other technical,
administrative or operational matters) that the Administrative Agent decides, in consultation with the Borrower Representative, 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 for U.S. dollar-denominated syndicated credit facilities at such time
(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, in consultation with the Borrower Representative, that no market practice for the administration
of any such rate exists, in such other manner of administration as the Administrative Agent, in consultation with the Borrower Representative,
decides is reasonably necessary in connection with the administration of this Agreement and the other Loan Documents).

 

    21 

     

    

  

“Consolidated Cash
Interest Expense” means, with respect to any Person on a consolidated basis for any period, Consolidated Interest Expense referred
to in the first paragraph of the definition thereof (less interest income of such Person and its Restricted Subsidiaries received in
cash during such period) of such Person payable in cash during such period; provided that (a) when determining Consolidated
Cash Interest Expense in respect of any four-quarter period ending prior to the first anniversary of the Closing Date, Consolidated Cash
Interest Expense will be calculated by multiplying the aggregate Consolidated Cash Interest Expense accrued since the Closing Date by
365 and then dividing such product by the number of days from and including the Closing Date to and including the last day of such period
and (b) in the case of any Person that became a Restricted Subsidiary of such Person after the commencement of such four-quarter
period, the interest expense of such Person paid in cash prior to the date on which it became a Restricted Subsidiary of such Person
will be disregarded. For purposes of this definition, cash interest on Capitalized Lease Obligations will be deemed to accrue at the
interest rate reasonably determined by such Person to be the rate of interest implicit in such Capitalized Lease Obligations in accordance
with GAAP.

 

“Consolidated
EBITDA” means, with respect to any Person on a consolidated basis for any period, the Consolidated Net Income of such
Person and its Restricted Subsidiaries for such period:

 

(1)            increased,
in each case (other than with respect to clauses (i), (k), (l), (o), (p), (q) and (s) of this definition) to the extent deducted
and not added back or excluded in calculating such Consolidated Net Income (and without duplication), by:

 

(a)            provision
for taxes based on income, profits or capital, including federal, state, franchise, excise, property and similar taxes and foreign withholding
taxes paid or accrued, including any penalties and interest with respect thereto, and state taxes in lieu of business fees (including
business license fees) and payroll tax credits, income tax credits and similar credits and including an amount equal to the amount of
tax distributions actually made to the holders of Equity Interests of such Person or its Restricted Subsidiaries or any direct or indirect
parent of such Person or its Restricted Subsidiaries in respect of such period (in each case, to the extent attributable to the operations
of such Person and its Subsidiaries), which shall be included as though such amounts had been paid as income taxes directly by such Person
or its Restricted Subsidiaries; plus

 

    22 

     

    

 

(b)            total
interest expense and, to the extent not reflected in such total interest expense, any losses on Swap Obligations or other derivative
instruments entered into for the purpose of hedging interest rate risk, net of interest income and gains on such Swap Obligations or
such derivative instruments, and bank and letter of credit fees, letter of guarantee and bankers’ acceptance fees and costs of
surety bonds in connection with financing activities, together with items excluded from the definition of “Consolidated Interest
Expense” pursuant to the definition thereof (other than clause (13) thereof); plus

  

(c)            all
depreciation and amortization charges and expenses, including amortization or expense recorded for upfront payments related to any contract
signing and signing bonus and incentive payments; plus

 

(d)            the
amount of any minority interest expense consisting of income attributable to minority equity interests of third parties in any Restricted
Subsidiary of such Person that is not a Wholly Owned Restricted Subsidiary of such Person; plus

 

(e)            the
amount of (i) management, monitoring, consulting, transaction and advisory fees (including termination fees) and related indemnities,
charges and expenses paid or accrued to or on behalf of any direct or indirect parent of Vertex or any of the Permitted Holders, in each
case, to the extent permitted by Section 6.18 and (ii) fees, expenses and indemnities paid to members of the board of directors
of Vertex or any direct or indirect parent of Vertex; plus

 

(f)            earn-out
obligations incurred in connection with any acquisition or other Investment and paid or accrued during the applicable period, including
any mark to market adjustments; plus

 

(g)            all
charges, costs, expenses, accruals or reserves in connection with the rollover, acceleration or payout of equity interests and all losses,
charges and expenses related to payments made to holders of options or other derivative equity interests in the common equity of such
Person or any direct or indirect parent of such Person in connection with, or as a result of, any distribution being made to equityholders
of such Person or any of its direct or indirect parents, which payments are being made to compensate such optionholders as though they
were equityholders at the time of, and entitled to share in, such distribution; plus

 

(h)            all
non-cash losses, charges and expenses, including any write-offs or write-downs, non-cash compensation expenses, non-cash translation
losses, changes in reserves for earnouts and similar obligations and non-cash expenses relating to the vesting of warrants; provided
that if any such non-cash loss, charge or expense represents an accrual or reserve for potential cash items in any future period,
(i) such Person may determine not to add back such non-cash loss, charge or expense in the period for which Consolidated EBITDA
is being calculated and (ii) to the extent such Person does decide to add back such non-cash loss, charge or expense, the cash payment
in respect thereof in such future four-fiscal quarter period will be subtracted from Consolidated EBITDA for such future four-fiscal
quarter period; plus

 

(i)            (i) all
costs and expenses in connection with pre-opening and opening and closure and/or consolidation of facilities that were not already excluded
in calculating such Consolidated Net Income and (ii) charges (including branch operating losses) related to any de novo facility,
including any construction, pre-opening and start-up period prior to opening, until such facility has been open and operating for a period
of 12 consecutive months); plus

 

    23 

     

    

  

(j)            restructuring
charges (including tax restructurings), accruals or reserves and business optimization expense, including any restructuring costs and
integration costs incurred in connection with the Transactions and any other acquisitions (including duplicative costs and increased
costs in respect of any transition services agreement (including the Transition Arrangements), in each case resulting from the transition
of the Target Business to a subsidiary or integrated business of Vertex, and exit, separation, transition and integration charges, expenses,
losses or special items associated with the separation of the Target Business from the consolidated business of the Sellers), start-up
costs (including entry into new market/channels and new service offerings), new operation costs, software and other intellectual property
development costs, new contract or corporate development costs, costs relating to entering or exiting a market, unused warehouse space
costs, costs related to the closure, relocation, shutdown, reconfiguration, pre-opening and opening, expansion and/or consolidation of
facilities and offices (including termination costs, moving costs and legal costs) and costs to relocate employees, any employee ramp-up
charges or any charges related to underutilized personnel (including duplicative personnel), integration and transaction costs, retention
charges, severance, contract termination costs (including costs relating to early termination of rights fee arrangements), recruiting
and signing bonuses and expenses, future lease commitments, systems establishment costs, conversion costs and excess pension charges
and consulting fees, expenses attributable to the implementation or undertaking of costs savings initiatives, new initiatives, cost rationalization
programs, operating expense reductions, synergies and/or similar initiatives or programs (including, without limitation, in connection
with any inventory optimization program, any implementation of operational and reporting systems and technology initiatives (including
any expense relating to the implementation of enhanced accounting or IT functions or new system designs)), costs associated with tax
projects/audits and costs consisting of professional consulting or other fees relating to any of the foregoing; plus

 

(k)            Pro
Forma Cost Savings; provided that such Pro Forma Cost Savings added back pursuant to clause (B) of the definition thereof
(excluding any such Pro Forma Cost Savings that result from mergers and other business combinations, acquisitions, investments, dispositions
or other sales of assets, the discontinuance of activities or operations or other specified transactions, restructurings, cost savings
initiatives, operating initiatives or operating improvements, in each case, occurring prior to the Third Amendment Effective Date) under
this clause (k) in any Test Period, when aggregated with (X) the amount of any increase in Consolidated EBITDA for such Test
Period as a result of Pro Forma Revenue Synergies (excluding any such Pro Forma Revenue Synergies that result from actions or initiatives
undertaken prior to the Closing Date) added pursuant to clause (s) of the definition of Consolidated EBITDA and (Y) the amount
of any increase in Consolidated EBITDA for such Test Period as a result of any “run-rate” cost savings, operating expense
reductions and synergies added pursuant to clause (x) of the definition of “Pro Forma Basis” (excluding any such “run-rate”
cost savings, operating expense reductions and synergies that either (A) are related to the Transactions or (B) result from,
or are related to, mergers and other business combinations, acquisitions, Investments, dispositions or other sales of assets, the
discontinuance of activities or operations or other specified transactions, operating improvements or purchasing improvements and other
initiatives, in each case under this sub-clause (B), occurring prior to the Third Amendment Effective Date),
shall not exceed an aggregate amount equal to 30.0% of Consolidated EBITDA of the Borrower (calculated after giving effect to all add-backs
and adjustments (including all add-backs and adjustments subject to this cap)); plus

 

    24 

     

    

  

(l)            amounts
included on Schedule 1.01(a), attached hereto, to the extent such amounts, or amounts of similar type and nature to those listed
on Schedule 1.01(a), without duplication, continue to be applicable during such period; plus

 

(m)            the
amount of loss or discount on sale of receivables and related assets in connection with a factoring transaction; plus

 

(n)            with
respect to any joint venture that is not a Restricted Subsidiary, an amount equal to the proportion of those items described in clauses
(a), (b) and (c) above relating to such joint venture corresponding to such Person’s and the Restricted Subsidiaries’
proportionate share of such joint venture’s Consolidated Net Income (determined as if such joint venture were a Restricted Subsidiary)
solely to the extent Consolidated Net Income was reduced thereby; plus

 

(o)            adjustments
calculated in accordance with Regulation S-X; plus

 

(p)            adjustments
(w) evidenced by, contained in, or of the type contained in, the quality of earnings report with respect to the Transactions prepared
by CDS, dated August 31, 2021, (x) identified or set forth in any quality of earnings report in connection with any acquisition
or other Permitted Investment conducted by financial advisors (which financial advisors are (A) nationally recognized or (B) reasonably
acceptable to the Administrative Agent (it being understood that the “Big Four” accounting firms are acceptable) and retained
by the Borrower, (y) identified or set forth in the Public Lender Presentation, dated October 2021, made available in connection
with the initial syndication of the First Lien Term Loans or (z) approved by the Administrative Agent; plus

 

(q)            add
backs and adjustments contained in, or of the type contained in, the Financial Model (including, for the avoidance of doubt, add backs
and adjustments of the same type in future periods); plus

 

(r)            [reserved];
plus

 

(s)            Pro
Forma Revenue Synergies; provided that such Pro Forma Revenue Synergies (excluding any such Pro Forma Revenue Synergies that result
from actions or initiatives undertaken prior to the Closing Date) added pursuant to this clause (s) in any Test Period, when aggregated
with (X) the amount of any increase in Consolidated EBITDA for such Test Period as a result of Pro Forma Cost Savings pursuant to
clause (B) of the definition thereof (excluding any such Pro Forma Cost Savings that result from mergers and other business combinations,
acquisitions, investments, dispositions or other sales of assets, the discontinuance of activities or operations or other specified transactions,
restructurings, cost savings initiatives, operating initiatives or operating improvements, in each case, occurring prior to the Closing
Date) added back under clause (k) of the definition of Consolidated EBITDA for such Test Period and (Y) the amount of any increase
in Consolidated EBITDA for such Test Period as a result of any “run-rate” cost savings, operating expense reductions and
synergies added pursuant to clause (x) of the definition of “Pro Forma Basis” (excluding any such “run-rate”
cost savings, operating expense reductions and synergies that either (A) are related to the Transactions or (B) result from,
or are related to, mergers and other business combinations, acquisitions, Investments, dispositions or other sales of assets, the
discontinuance of activities or operations or other specified transactions, operating improvements or purchasing improvements and other
initiatives, in each case under this sub-clause (B), occurring prior to the Third Amendment Effective Date), shall not exceed an aggregate
amount equal to 30.0% of Consolidated EBITDA of the Borrower (calculated after giving effect to all add-backs and adjustments (including
all add-backs and adjustments subject to this cap)); plus

 

    25 

     

    

 

(t)            the
amount of any costs or expenses incurred on or prior to the Third Amendment Effective Date that are allocated to the Target Business (or
otherwise to the Borrower and its Restricted Subsidiaries) in connection with corporate allocations made between the Borrower and its
Subsidiaries, on the one hand, and the businesses of the Seller Entities (as defined in the Purchase Agreement) and their Affiliates (other
than the Target Business, the Borrower and its Restricted Subsidiaries) (prior to giving effect to the Acquisition) (the “Post-Contribution
Seller Business”), on the other hand, in each case, to the extent in excess of the costs or expenses incurred by the Target
Business on a “carveout” basis (after giving effect to the Acquisition and separation of the Target Business from the Pre-Contribution
Seller Business); plus

 

(u)           exit,
separation, transition and stand-alone charges, expenses or losses associated with the separation of the Target Business from the consolidated
business of the Seller Entities and their Affiliates (after giving effect to the Acquisition) (the “Pre-Contribution Seller Business”);

 

(2)           decreased
(without duplication and to the extent increasing such Consolidated Net Income for such period) by (i) non-cash gains or income,
excluding any non-cash gains that represent the reversal of any accrual of, or cash reserve for, anticipated cash charges that were deducted
(and not added back) in the calculation of Consolidated EBITDA for any prior period ending after the Third Amendment Effective Date; provided
that if any such non-cash gains or income relates to a potential cash items in any future period, (x) such Person may determine not
to deduct such non-cash gain or income in the period for which Consolidated EBITDA is being calculated and (y) to the extent such
Person does not decide to deduct such non-cash gain or income, the cash received in respect thereof in such future four-fiscal quarter
period will be deducted from Consolidated EBITDA for such future four-fiscal quarter period; and (ii) the amount of any minority
interest income consisting of a Subsidiary loss attributable to minority equity interest of third parties in any non-Wholly Owned Subsidiary
(to the extent not deducted from Consolidated Net Income for such period);

 

(3)           increased
(with respect to losses) or decreased (with respect to gains) by, without duplication, any net gains and losses relating to (i) amounts
denominated in foreign currencies resulting from the application of FASB ASC 830 (including net gains and losses from exchange rate fluctuations
on intercompany balances and balance sheet items, net of realized gains or losses from related Swap Contracts (entered into in the ordinary
course of business or consistent with past practice)) or (ii) any other amounts denominated in or otherwise trued-up to provide similar
accounting as if it were denominated in foreign currencies; and

 

    26 

     

    

 

(4)           increased
(with respect to losses) or decreased (with respect to gains) by, without duplication, any gain or loss relating to Swap Contracts;

 

provided
that Borrower Representative may, in its sole discretion, elect to not make any adjustment for any item pursuant to the foregoing clauses
(1) through (4) above if any such item individually is less than $1,500,000 in any fiscal quarter.

 

“Consolidated First
Lien Net Leverage Ratio” means, on any date of determination, with respect to the Borrower Parties on a consolidated basis,
the ratio of (a) Consolidated Funded First Lien Indebtedness (less the Unrestricted Cash Amount) of the Borrower Parties on such
date, calculated on a Pro Forma Basis to (b) Consolidated EBITDA of the Borrower Parties for the Test Period most recently then ended,
calculated on a Pro Forma Basis.

 

“Consolidated Fixed
Charges” means, for any period, the sum, without duplication, of the amounts determined for the Borrower Parties on a consolidated
basis equal to (i) Consolidated Cash Interest Expense (for purposes of this definition only, calculated net of cash interest income
received in such period), (ii) scheduled payments of principal on Consolidated Funded Indebtedness and (iii) all cash Restricted
Payments (other than Restricted Investments) made by any Borrower Party during such period pursuant to clause (22) of Section 7.05.

 

“Consolidated Funded
First Lien Indebtedness” means Consolidated Funded Indebtedness that is secured by a Lien on the Term Loan Priority Collateral
that is senior in priority to the Liens on the Term Loan Priority Collateral securing the Second Lien Obligations. For the avoidance of
doubt, Consolidated Funded First Lien Indebtedness shall not include Capitalized Lease Obligations other than those that are secured on
an equal priority basis with the Liens on the Collateral securing the First Lien Obligations or the Second Lien Obligations.

 

“Consolidated Funded
Indebtedness” means all third-party Indebtedness in respect of borrowed money and Capitalized Lease Obligations of a Person
and its Restricted Subsidiaries on a consolidated basis, in an amount that would be reflected on a balance sheet prepared as of such date
on a consolidated basis in accordance with GAAP (but (x) excluding the effects of any discounting of Indebtedness resulting from
the application of purchase accounting in connection with the Transactions or any acquisition, (y) any Indebtedness that is issued
at a discount to its initial principal amount shall be calculated based on the entire stated principal amount thereof, without giving
effect to any discounts or upfront payments and (z) excluding obligations in respect of letters of credit (including Letters of Credit),
bank guarantees, and guarantees on first demand, in each case, except to the extent of unreimbursed amounts thereunder). For the avoidance
of doubt, it is understood that obligations (i) under Swap Contracts and Cash Management Agreements and (ii) owed by Unrestricted
Subsidiaries, do not constitute Consolidated Funded Indebtedness.

 

“Consolidated Funded
Secured Indebtedness” means Consolidated Funded Indebtedness that is secured by a Lien on the Collateral.

 

“Consolidated Interest
Coverage Ratio” has the meaning assigned to such term in the First Lien Credit Agreement as in effect on the Third Amendment
Effective Date.

 

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“Consolidated Interest
Expense” means, with respect to any Person on a consolidated basis for any period, without duplication, the cash interest expense
(including that attributable to Capitalized Lease Obligations), net of cash interest income, with respect to Indebtedness of such Person
and its Restricted Subsidiaries for such period, other than Indebtedness that is non-recourse to the Borrower and its Restricted Subsidiaries
(“Non-Recourse Indebtedness”), including commissions, discounts and other fees and charges owed with respect to letters
of credit and bankers’ acceptance financing and net cash costs under hedging agreements (other than in connection with the early
termination thereof);

 

excluding, in each case:

 

(1)            amortization
of deferred financing costs, debt issuance costs, commissions, fees and expenses and any other amounts of non-cash interest (including
as a result of the effects of acquisition method accounting or pushdown accounting),

 

(2)            interest
expense attributable to the movement of the mark-to-market valuation of obligations under Swap Obligations or other derivative instruments,
including pursuant to FASB Accounting Standards Codification Topic 815, Derivatives and Hedging,

 

(3)            costs
associated with incurring or terminating Swap Obligations and cash costs associated with breakage in respect of hedging agreements for
interest rates,

 

(4)            commissions,
discounts, yield, make-whole premium and other fees and charges (including any interest expense) incurred in connection with any Non-Recourse
Indebtedness,

 

(5)            “additional
interest” owing pursuant to a registration rights agreement with respect to any securities,

 

(6)            any
payments with respect to make-whole premiums or other breakage costs of any Indebtedness, including any Indebtedness issued in connection
with the Transactions,

 

(7)            penalties
and interest relating to Taxes,

 

(8)            accretion
or accrual of discounted liabilities not constituting Indebtedness,

 

(9)            interest
expense attributable to a Parent Holdings Company resulting from push-down accounting,

 

(10)          any
expense resulting from the discounting of Indebtedness in connection with the application of recapitalization or purchase accounting,

 

(11)          any
interest expense attributable to the exercise of appraisal rights and the settlement of any claims or actions (whether actual, contingent
or potential) with respect thereto in connection with the Transactions, any acquisition or Investment,

 

    28 

     

    

 

(12)          annual
agency fees paid to any administrative agents, collateral agents and trustees with respect to any secured or unsecured loans, debt facilities,
debentures, bonds, commercial paper facilities, revolving credit facilities or other forms of Indebtedness (including any security or
collateral trust arrangements related thereto),

 

(13)          any
interest expense or other fees or charges incurred with respect to any Escrowed Obligations (for the avoidance of doubt, so long as such
Escrowed Obligations are held in Escrow), and

 

(14)          any
lease, rental or other expense in connection with a Non-Finance Lease.

 

For purposes of this definition, interest on a Capitalized Lease Obligation
will be deemed to accrue at an interest rate reasonably determined by such Person to be the rate of interest implicit in such Capitalized
Lease Obligation in accordance with GAAP.

 

“Consolidated Net
Income” means, with respect to any Person on a consolidated basis for any period, the aggregate of the net income (or loss)
of such Person and its Restricted Subsidiaries for such period, calculated on a consolidated basis in accordance with GAAP and before
any reduction in respect of Preferred Stock dividends; provided that (without duplication):

 

(a)           all
net after-tax extraordinary, special, nonrecurring, infrequent, exceptional or unusual (as determined by the Borrower Representative in
good faith) gains, losses, income, expenses and charges, and in any event including, without limitation, all restructuring, severance,
relocation, retention and completion bonuses or payments, consolidation, integration or other similar charges and expenses, contract termination
costs, system establishment charges, conversion costs, start-up or closure or transition costs, expenses related to any reconstruction,
decommissioning, recommissioning or reconfiguration of fixed assets for alternative uses, fees, expenses or charges relating to curtailments,
settlements or modifications to pension and post-retirement employee benefit plans, expenses associated with strategic initiatives, office
and facilities shutdown and opening costs, and any fees, expenses, charges or change of control payments related to the Transactions or
any acquisition or Investment (including any transition-related expenses (including retention or transaction-related bonuses or payments)
incurred before, on or after the Third Amendment Effective Date), will be excluded;

 

(b)          all
(i) losses, charges and expenses related to the Transactions, (ii) transaction fees, accruals, costs and expenses (including
rationalization, legal, tax, structuring and other costs and expenses) incurred in connection with the consummation of any equity issuances,
dividends, investments, acquisitions, dispositions, recapitalizations, mergers, consolidations, amalgamations, option buyouts, exchange
of equity interest, the early extinguishment of debt, hedging agreements or other derivative instruments, refinancing transactions, and
the Incurrence, exchange, modification or repayment of Indebtedness permitted to be Incurred under this Agreement (including any Refinancing
Indebtedness in respect thereof), the First Lien Credit Agreement, the Second Lien Credit Agreement or any amendments, waivers or other
modifications under the agreements relating to such Indebtedness or similar transactions, in each case whether or not such transaction
was successfully completed, and (iii) without duplication of any of the foregoing, non-operating or non-recurring professional fees,
costs and expenses for such period will be excluded;

 

    29 

     

    

 

(c)           all
net after-tax income, loss, expense or charge from abandoned, closed or discontinued operations and any net after-tax gain or loss on
the disposal of abandoned, closed or discontinued operations (and all related expenses) (but if such operations are classified as abandoned,
closed or discontinued due to the fact that they are being held for sale or are subject to an agreement to dispose, abandon, divest or
terminate such operations, only when and to the extent such operations are actually disposed, abandoned, divested or terminated) will
be excluded;

 

(d)           all
net after-tax gain, loss, expense or charge attributable to business dispositions and asset dispositions, including the sale or other
disposition of any Equity Interests of any Person, other than in the ordinary course of business (as determined in good faith by such
Person), will be excluded;

 

(e)           all
net after-tax income, loss, expense or charge attributable to the early extinguishment or cancellation of Indebtedness, Swap Contracts
or other derivative instruments (including deferred financing costs written off and premiums paid) will be excluded;

 

(f)           all
non-cash gains, losses, expenses or charges attributable to the movement in the mark-to-market valuation of Indebtedness, Swap Contracts
or other derivative instruments will be excluded;

 

(g)           any
non-cash or unrealized currency translation gains and losses related to changes in currency exchange rates (including remeasurements of
Indebtedness and any net loss or gain resulting from Swap Contracts for currency exchange risk), will be excluded;

 

(h)           (i) the
net income for such period of any Person that is not a Restricted Subsidiary of the referent Person or that is accounted for by the equity
method of accounting, will be included only to the extent of the amount of dividends or distributions to the referent Person or a Restricted
Subsidiary thereof in respect of such period; and (ii) the net income for such period will include any dividends or distributions
received from any such Person during such period in excess of the amounts included in subclause (i) above;

 

(i)            the
cumulative effect of a change in accounting principles and changes as a result of the adoption or modification of accounting policies
will be excluded;

 

(j)            the
effects of adjustments (including the effects of such adjustments pushed down to the referent Person and its Restricted Subsidiaries)
(including in the inventory, property and equipment, rights, fee arrangements, software, goodwill, intangible assets, in-process research
and development, deferred revenue, advanced billings, leases and debt line items thereof) resulting from the application of purchase accounting,
fair value accounting or recapitalization accounting in relation to the Transactions or any acquisition consummated before or after the
Third Amendment Effective Date, and the amortization, write-down or write-off of any amounts thereof, net of taxes, will be excluded;

 

    30 

     

    

 

(k)           all
non-cash impairment charges and asset write-ups, write-downs and write-offs, in each case pursuant to GAAP, and the amortization of intangibles
arising from the application of GAAP will be excluded;

 

(l)            all
non-cash expenses realized in connection with or resulting from equity or equity-linked compensation plans, employee benefit plans or
agreements or post-employment benefit plans or agreements, or grants or sales of stock, stock appreciation or similar rights, stock options
and other equity-based compensation, restricted stock, preferred stock or other similar rights will be excluded;

 

(m)          any
costs or expenses incurred in connection with the payment of dividend equivalent rights to option holders pursuant to any management equity
plan, stock option plan or any other management or employee benefit plan or agreement or post-employment benefit plan or agreement will
be excluded;

 

(n)           accruals
and reserves for liabilities or expenses that are established or adjusted as a result of (i) the Transactions within 12 months after
the Third Amendment Effective Date or (ii) any permitted acquisition within 12 months after the date of such acquisition will be
excluded;

 

(o)          all
amortization and write-offs of deferred financing fees, debt issuance costs, commissions, fees and expenses, costs of surety bonds, charges
owed with respect to letters of credit, bankers’ acceptances or similar facilities, and expensing of any bridge, commitment or other
financing fees (including in connection with a transaction undertaken but not completed), will be excluded;

 

(p)           [reserved];

 

(q)           the
effects of any revaluation of inventory (including any impact of changes of inventory valuation policy methods including changes in capitalization
of variances) or other inventory adjustments will be excluded;

 

(r)           expenses
and lost profits with respect to liability or casualty events or business interruption will be excluded to the extent covered by insurance
and actually reimbursed, or, so long as such Person has made a determination that there exists reasonable evidence that such amount will
in fact be reimbursed by the insurer, but only to the extent that such amount (i) has not been denied by the applicable carrier in
writing and (ii) is in fact reimbursed within 365 days of the date on which such liability was discovered or such casualty event
or business interruption occurred (with a deduction for any amounts so added back that are not reimbursed within such 365-day period);
provided that any proceeds of such reimbursement when received will be excluded from the calculation of Consolidated Net Income
to the extent the expense or lost profit reimbursed was previously excluded pursuant to this clause (r);

 

(s)           the
amount of any fee, cost, charge, expense or reserve to the extent actually reimbursed or reimbursable by third parties pursuant to indemnification
or reimbursement provisions or similar agreements or insurance will be excluded so long as such Person has made a determination that there
exists reasonable evidence that such amount will in fact be reimbursed, but only to the extent that such amount is in fact reimbursed
within 365 days of the date on which the underlying event giving rise to such indemnification or reimbursement was discovered (with a
deduction for any amounts so added back that are not reimbursed within such 365-day period); provided that any proceeds of such
reimbursement when received will be excluded from the calculation of Consolidated Net Income to the extent the fee, cost, charge or expense
reimbursed was previously excluded pursuant to this clause (s);

 

    31 

     

    

 

(t)            non-cash
charges or income relating to increases or decreases of deferred tax asset valuation allowances will be excluded;

 

(u)           cash
dividends or returns of capital from Investments received during such period, to the extent not otherwise included in Consolidated Net
Income for that period or any prior period subsequent to the Third Amendment Effective Date will be included;

 

(v)           solely
for the purpose of determining the amount available for Restricted Payments under clause (c) of the first paragraph of Section 7.05,
and without duplication of provisions under clause (c) of the first paragraph of Section 7.05 with respect to returns on Investments,
the net income (or loss) for such period of any Restricted Subsidiary (other than a Guarantor) will be excluded to the extent that the
declaration or payment of dividends or similar distributions by that Restricted Subsidiary is not at the date of determination permitted
without any prior governmental approval (which has not been obtained) or, directly or indirectly, by the operation of its charter or any
agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Restricted Subsidiary
or its stockholders, unless such restriction with respect to the payment of dividends or similar distributions has been legally waived;
provided that Consolidated Net Income of such Person will be increased by the amount of dividends or other distributions or other
payments actually paid in cash (or to the extent converted into cash) to such Person or any of its Restricted Subsidiaries in respect
of such period, to the extent not already included therein (subject, in the case of a dividend to another Restricted Subsidiary (other
than a Guarantor), to the limitation contained in this clause);

 

(w)          any
Public Company Costs will be excluded;

 

(x)            any
(a) severance or relocation costs or expenses, (b) one-time non-cash compensation charges, (c) the costs and expenses related
to employment of terminated employees, or (d) costs or expenses realized in connection with or resulting from stock appreciation
or similar rights, stock options or other rights of officers, directors and employees, in each case of such Person or any of its Restricted
Subsidiaries, shall be excluded;

 

(y)           any
non-cash interest expense and non-cash interest income, in each case to the extent there is no associated cash disbursement or receipt,
as the case may be, before the Latest Maturity Date of the Facility, shall be excluded; and

 

(z)            losses,
expenses or charges arising from any litigation, legal settlements, fines, judgments or orders and any accruals or reserves in respect
thereof will be excluded;

 

(aa)         provided
that the Borrower Representative may, in its sole discretion, elect to not make any adjustment for any item pursuant to clauses (a) through
(z) above if any such item individually is less than $1,500,000 in any fiscal quarter.

 

    32 

     

    

 

For the purpose of Section 7.05
only, there shall be excluded from Consolidated Net Income any income arising from the sale or other disposition of Restricted Investments,
from repurchases or redemptions of Restricted Investments, from repayments of loans or advances which constituted Restricted Investments
or from any dividends, repayments of loans or advances or other transfers of assets from Unrestricted Subsidiaries, in each case to the
extent such amounts increase the amount of Restricted Payments permitted under clause (c)(v) or (c)(vi) of the first paragraph
of Section 7.05.

 

“Consolidated Net
Tangible Assets” means the aggregate amount of assets (including deferred tax assets (without reducing such deferred tax assets
by deferred tax liabilities), and less applicable reserves and other properly deductible items) after deducting therefrom all goodwill,
trade names, trademarks, patents, unamortized debt discount and expense, investments and other like intangibles, all as set forth in the
most recent consolidated balance sheet of the Borrower Parties, calculated on a Pro Forma Basis.

 

“Consolidated Secured
Net Leverage Ratio” means, on any date of determination, with respect to the Borrower Parties on a consolidated basis, the ratio
of (a) Consolidated Funded Secured Indebtedness (less the Unrestricted Cash Amount) of the Borrower Parties on such date, calculated
on a Pro Forma Basis to (b) Consolidated EBITDA of the Borrower Parties for the Test Period most recently then ended, calculated
on a Pro Forma Basis.

 

“Consolidated Total
Net Leverage Ratio” means, on any date of determination, with respect to the Borrower Parties on a consolidated basis, the ratio
of (a) Consolidated Funded Indebtedness (less the Unrestricted Cash Amount) of the Borrower Parties on such date, calculated on a
Pro Forma Basis to (b) Consolidated EBITDA of the Borrower Parties for the Test Period most recently then ended, calculated on a
Pro Forma Basis.

 

“Contingent Obligations”
means, with respect to any Person, any obligation of such Person guaranteeing any leases, dividends or other obligations that do not constitute
Indebtedness (“primary obligations”) of any other Person (the “primary obligor”) in any manner,
whether directly or indirectly, including, without limitation, any obligation of such Person, whether or not contingent:

 

(1)            to
purchase any such primary obligation or any property constituting direct or indirect security therefor,

 

(2)            to
advance or supply funds:

 

(a)            for
the purchase or payment of any such primary obligation; or

 

(b)            to
maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor;
or

 

(3)            to
purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability
of the primary obligor to make payment of such primary obligation against loss in respect thereof.

 

    33 

     

    

 

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

 

“Contribution Indebtedness”
means Indebtedness of any Borrower or any Restricted Subsidiary in an aggregate principal amount not greater than 100% of the aggregate
amount of contributions (other than Cure Equity, Excluded Contributions, any amounts applied to make Restricted Payments permitted under
clause (c)(ii) or (c)(iii) of the first paragraph of Section 7.05 and any amounts applied pursuant to clause (14) of the
definition of “Permitted Investments”) made to the capital of the Borrowers or any Restricted Subsidiary (other than, in the
case of such Restricted Subsidiary, contributions by the Borrowers or any other Restricted Subsidiary to its capital) after the Third
Amendment Effective Date.

 

“Control Account”
means a Securities Account, Commodity Account or Futures Account that is the subject of an effective Deposit Account Control Agreement
and that is maintained by any Loan Party with an Approved Securities Intermediary. “Control Account” includes all Financial
Assets held in a Securities Account or a Commodity Account and all certificates and instruments, if any, representing or evidencing the
Financial Assets contained therein.

 

“Controlled Foreign
Subsidiary” means any Subsidiary of a Borrower that is a “controlled foreign corporation” within the meaning of
Section 957 of the Code.

 

“Credit Agreement”
means (i) this Agreement and (ii) whether or not this Agreement remains outstanding, if designated by the Borrowers to be included
in the definition of “Credit Agreement,” one or more (A) debt facilities, indentures or commercial paper facilities providing
for revolving credit loans, term loans, notes, debentures or letters of credit, (B) debt securities, notes, mortgages, guarantees,
collateral documents, indentures or other forms of debt financing (including convertible or exchangeable debt instruments or bank guarantees
or bankers’ acceptances), or (C) instruments or agreements evidencing any other Indebtedness, in each case, with the same or
different borrower(s) or issuer(s) and, in each case, as amended, supplemented, modified, extended, restructured, renewed, refinanced,
restated, increased (provided that such increase in borrowings is permitted under this Agreement), replaced or refunded in whole
or in part from time to time and whether by the same or any other agent, lender or investor or group of lenders or investors.

 

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

 

“Crestview Projects”
means all projects performed by the Crestview division of the Loan Parties.

 

“Cure Equity”
has the meaning specified in Section 8.03(a).

 

“Cure Right”
has the meaning specified in Section 8.03(a).

 

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

 

    34 

     

    

 

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

 

“Default Rate”
means an interest rate equal to (after as well as before judgment), (a) with respect to any overdue principal for any Loan, the applicable
interest rate for such Loan plus 2.00% per annum (provided that with respect to SOFR Rate Loans, the determination of the applicable
interest rate is subject to Section 2.02(c) to the extent that SOFR Rate Loans may not be converted to, or continued as, SOFR
Rate Loans pursuant thereto) and (b) with respect to any other overdue amount, including overdue interest, the interest rate applicable
to Base Rate Loans plus 2.00% per annum, in each case, to the fullest extent permitted by applicable Laws.

 

“Defaulting Lender”
means, subject to Section 2.17(b), any Lender that (a) has failed to perform any of its funding obligations hereunder, including
in respect of its Loans or participations in respect of Letters of Credit or Swingline Loans within three (3) Business Days of the
date required to be funded by it hereunder, (b) has notified the Borrower Representative or the Administrative Agent that it does
not intend to comply with its funding obligations or has made a public statement to that effect with respect to its funding obligations
hereunder or, solely with respect to a Revolving Credit Lender, under other agreements generally in which it commits to extend credit,
(c) has failed, within three (3) Business Days after reasonable request by the Administrative Agent or the Borrowers, to confirm
in a manner satisfactory to the Administrative Agent and the Borrowers that it will comply with its funding obligations (provided
that the Administrative Agent shall request such confirmation upon reasonable request from any L/C Issuer or Swingline Lender; provided further that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such confirmation
by the Administrative Agent and the Borrowers) or (d) has, or has a direct or indirect parent company that has, other than via an
Undisclosed Administration, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) had a receiver, conservator,
trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business
or a custodian appointed for it, (iii) taken any action in furtherance of, or indicated its consent to, approval of or acquiescence
in any such proceeding or appointment or (iv) become the subject of a Bail-in Action; provided that no Lender shall be a Defaulting
Lender solely by virtue of (x) the ownership or acquisition by a Governmental Authority of any Equity Interest in that Lender or
any direct or indirect parent company thereof 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, or (y) the occurrence of any of the events described in clause (d)(i), (d)(ii) or (d)(iii) of this definition which
in each case has been dismissed or terminated prior to the date of this Agreement. 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 2.17(b)) upon delivery of written notice
of such determination to the Borrower Representative, each L/C Issuer, the Swingline Lender and each Lender.

 

    35 

     

    

 

“Deposit Account”
has the meaning given such term in the UCC.

 

“Deposit Account
Bank” means a financial institution at which the Loan Parties maintain a Deposit Account.

 

“Deposit Account
Control Agreement” means, with respect to a Deposit Account or Securities Account, an agreement, in form and substance that
is reasonably satisfactory to the Collateral Agent establishing the Collateral Agent’s Control (as defined in the UCC) of such Deposit
Account or Securities Account to be executed by each institution maintaining a Deposit Account, Securities Account or Cash Collateral
Account (other than an Excluded Account) for any Loan Party, as required by and in accordance with the terms of Section 6.20; provided
that, for the avoidance of doubt, control by the Collateral Agent of such account may only be exercised after the receipt by the relevant
institution maintaining the relevant Deposit Account, Securities Account or Cash Collateral Account of a Blockage Notice from the Administrative
Agent.

 

“Designated Funding
Commitments” means any commitment to make loans or extend credit on a revolving basis (including commitments under a revolving
credit facility) or delayed draw basis to any Borrower or any Restricted Subsidiary by any Person other than a Borrower or any Restricted
Subsidiary, or any commitment by any Person other than a Borrower or any Restricted Subsidiary to purchase Disqualified Stock or Preferred
Stock issued by any Borrower or any Restricted Subsidiary on a delayed basis, in each case, that have been specifically designated as
a Designated Funding Commitment pursuant to a certificate executed by an Responsible Officer of the Borrower Representative and delivered
to the Administrative Agent, in each case, until such time as the Borrower Representative delivers a certificate executed by a Responsible
Officer of the Borrower Representative specifically designating such Designated Funding Commitment as no longer constituting a Designated
Funding Commitment for purposes of this Agreement.

 

“Designated Non-Cash
Consideration” means the Fair Market Value of non-cash consideration received by any Borrower or any of the Restricted Subsidiaries
in connection with a Disposition made pursuant to Section 7.04(2)(c) that is designated as “Designated Non-Cash Consideration”
pursuant to a certificate of a Responsible Officer of the Borrowers, less the amount of cash or Cash Equivalents received in connection
with a subsequent sale of or collection on such Designated Non-Cash Consideration.

 

“Designated Preferred
Stock” means Preferred Stock of Holdings or any direct or indirect parent of Holdings, as applicable (other than Excluded Equity),
that is issued after the Third Amendment Effective Date for cash and is so designated as Designated Preferred Stock, pursuant to an officer’s
certificate of Vertex, on the issuance date thereof, the cash proceeds of which are contributed to the capital of Vertex and do not increase
the amount available to make Restricted Payments permitted under clause (c)(ii) of the first paragraph of Section 7.05.

 

    36 

     

    

 

“Dilution”
means a percentage, based upon the experience of the immediately prior 12 months, that is the result of dividing the Dollar amount of
(a) discounts, advertising allowances, warranty claims, credits or other similar items that are granted in the ordinary course of
business with respect to the Loan Parties’ Accounts Receivable during such period, by (b) the Loan Parties’ gross billings
with respect to Accounts Receivable during such period; provided that, in the event of any significant change (as determined by
the Administrative Agent in its reasonable business judgment) at any time of such percentage as measured over the period of the immediately
preceding ninety (90) days, the Administrative Agent may in its reasonable business judgment determine Dilution based on the experience
of such 90 day period (in which case, the Administrative Agent shall provide notice to the Borrower Representative and the Collateral
Agent of the exercise of its rights under this proviso).

 

“Dilution Reserve”
means, as of any date of determination, an amount sufficient to reduce the advance rate against Eligible Accounts Receivable, Eligible
Government Accounts Receivable, Eligible Government Subcontract Accounts Receivable and Eligible Unbilled Accounts Receivable (and any
other Accounts Receivable included in the Borrowing Base) by 1 percentage point for each percentage point (in each case, including fractional
amounts up to, and in excess of, 1 percentage point) by which Dilution is in excess of 5.00%.

 

“Disinterested Director”
means, with respect to any Affiliate Transaction, a member of the Board of Directors of Vertex, Holdings or any Parent Holding Company
having no material direct or indirect financial interest in or with respect to such Affiliate Transaction. A member of the Board of Directors
of Vertex, Holdings or any Parent Holding Company shall not be deemed to have such a financial interest by reason of such member’s
holding Capital Stock of Holdings or any options, warrants or other rights in respect of such Capital Stock

 

“Disposition”
or “Dispose” means the sale, transfer, license, lease or other disposition of any property by any Person (including
any sale and leaseback transaction and any issuance of Capital Stock by a Restricted Subsidiary of such 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;
provided, however, that “Disposition” and “Dispose” shall not be deemed to include any issuance
by Holdings of any of its Capital Stock to another Person.

 

“Disqualified Institution”
means (a) each person identified as a “Disqualified Institution” on a list delivered to the Arrangers by Borrower Representative
(or representatives thereof) prior to September 8, 2021 (as such list may be supplemented by Borrower Representative after the Third
Amendment Effective Date in a manner reasonably acceptable to the Administrative Agent), (b) any Company Competitor identified on
a list delivered to the Administrative Agent by the Borrower from time to time and (c) as to any entity referenced in each of clauses
(a) and (b) above (the “Primary Disqualified Institution”), any of such Primary Disqualified Institution’s
Affiliates readily identifiable as such by name, but excluding any Affiliate of any Company Competitor that is primarily engaged in, or
that advises funds or other investment vehicles that are engaged in, making, purchasing, holding or otherwise investing in commercial
loans, bonds and similar extensions of credit or securities in the ordinary course and with respect to which the Primary Disqualified
Institution does not, directly or indirectly, possess the power to direct or cause the direction of the investment policies of such entity;
provided, that any designation of a Disqualified Institution shall not apply retroactively to disqualify any Person that has previously
acquired an assignment or participation of the Revolving Credit Loans or any Revolving Credit Commitments. Notwithstanding the foregoing,
any list of Disqualified Institutions shall only be required to be made available to any Lender, on a confidential basis only, upon
written request by such Lender. For the purposes of clause (b) of this definition, such list shall be made available to the Administrative
Agent pursuant to Section 10.02.

 

    37 

     

    

 

“Disqualified Stock”
means, with respect to any Person, any Equity Interests of such Person that, by its terms (or by the terms of any security into which
it is convertible or for which it is puttable, redeemable or exchangeable), in each case, at the option of the holder thereof or upon
the happening of any event:

 

(1)           matures
or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise (other than as a result of a change of control, Qualified
IPO or asset sale; provided that any purchase requirement triggered thereby may not become operative until compliance with, in
the case of an asset sale, the provisions of Section 7.04 or, in the case of a change of control, the repayment in full of the Obligations),

 

(2)           is
convertible or exchangeable for Indebtedness or Disqualified Stock, or

 

(3)           is
redeemable at the option of the holder thereof, in whole or in part,

 

in each case prior to the date that is ninety
one (91) days after the Latest Maturity Date of the Revolving Credit Loans at the time of issuance of the respective Disqualified Stock;
provided that only the portion of Equity Interests that so mature or is mandatorily redeemable, is so convertible or exchangeable
or is so redeemable at the option of the holder thereof prior to such date shall be deemed to be Disqualified Stock; provided,
further, that if such Equity Interests are issued to any employee or to any plan for the benefit of employees of Vertex or any
of its Subsidiaries or a direct or indirect parent of Vertex or by any such plan to such employees, such Equity Interests shall not constitute
Disqualified Stock solely because it may be required to be repurchased by Vertex or its Subsidiaries or a direct or indirect parent of
Vertex in order to satisfy applicable statutory or regulatory obligations or as a result of such employee’s termination, death or
disability; provided, further, that any class of Equity Interests of such Person that by its terms authorizes such Person
to satisfy its obligations thereunder by delivery of Equity Interests that are not Disqualified Stock shall not be deemed to be Disqualified
Stock.

 

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

 

“Dollar Amount”
means, at any time:

 

(a)           with
respect to any amount denominated in Dollars, the amount thereof then outstanding (or in which such participation is held); and

 

(b)           with
respect to any amount denominated in an Alternative Currency, the amount thereof then outstanding in the relevant Alternative Currency,
converted to Dollars in accordance with Section 1.08.

 

“Domestic Subsidiary”
means any Subsidiary of Vertex that is organized under the laws of the United States, any state thereof or the District of Columbia.

 

    38 

     

    

 

“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.

 

“Early Opt-in Election”
means the delivery of a notification by the Administrative Agent (or at the request of the Borrower Representative to the Administrative
Agent to notify) to each of the other parties hereto that (x) U.S. dollar-denominated syndicated credit facilities are being executed
or amended, as applicable, at such time, to incorporate or adopt a new benchmark interest rate to replace the then-current Benchmark and
(y) the joint election by the Administrative Agent and the Borrower Representative to declare that an Early Opt-in Election has occurred
and the provision, as applicable, by the Administrative Agent of written notice of such election to the Borrowers and the Lenders.

 

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

 

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

 

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

 

“Eligible Accounts
Receivable” means the Accounts Receivable of a Loan Party which are, and at all times continue to be, acceptable to the Administrative
Agent in the exercise of its Permitted Discretion; provided, however, that the criteria set forth below may be revised by
the Administrative Agent in its Permitted Discretion based solely on the Administrative Agent’s review of the initial field examination
and inventory appraisal delivered to the Administrative Agent following the Closing Date; provided, further, that no such
revision that would result in a decrease in the amounts available to be borrowed by the Borrowers hereunder shall be made without at least
five (5) Business Days’ prior written notice thereof to the Borrower Representative; provided, further, that
to the extent the revision has been communicated to the Borrower Representative, and the Borrowers make a request for a borrowing prior
to the completion of the five (5) Business Day period, such borrowing will take into account the revision so communicated; provided,
further, that any standard of eligibility established or modified shall have a reasonable relationship to circumstances, conditions,
events or contingencies which are the basis for such standard of eligibility, as reasonably determined, without duplication, by the Administrative
Agent in its Permitted Discretion. An Account Receivable shall be deemed to be eligible if:

 

(a)            delivery
of the merchandise or the rendition of the services has been completed with respect to such Account Receivable;

 

    39 

     

    

 

(b)            no
return, rejection, repossession or dispute has occurred with respect to such Account Receivable, and the Account Debtor has not asserted
any setoff, defense or counterclaim with respect to such Account Receivable, provided that, in the case of any dispute, setoff,
defense or counterclaim with respect to an Account Receivable, the portion of such Account Receivable not subject to such dispute, setoff,
defense or counterclaim will not be ineligible solely by reason of this clause (b);

 

(c)            such
Account Receivable is lawfully owned by a Loan Party, constitutes Collateral and all steps required to be taken pursuant to the applicable
Collateral Documents to establish such Accounts Receivable as Collateral have been taken and is free and clear of any other Lien (other
than (i) Liens securing “Fixed Asset Obligations” (as defined in the ABL Intercreditor Agreement) so long as all such
Liens rank junior in priority to the Liens securing the Obligations pursuant to the ABL Intercreditor Agreement, (ii) non-consensual
Liens arising by operation of law that either (A) rank junior in priority to the Liens securing the Obligations or (B) have
been notified to the Administrative Agent and for which a Reserve has been established by the Administrative Agent in accordance herewith,
(iii) inchoate Liens for which amounts are not yet due and payable and (iv) Permitted Liens, so long as such Permitted Liens
rank junior in priority to the Liens securing the Obligations) and otherwise continues to be in full conformity with all representations
and warranties made by a Loan Party to the Agents and the Lenders with respect thereto in the Loan Documents;

 

(d)            (i) such
Loan Party has the right to grant Liens on such Account Receivable and (ii) such Account Receivable is not subject to any provision
prohibiting assignment of the right to payment or requiring notice of or consent to such assignment (except (x) FACA and (y) provisions
that are not enforceable under the Uniform Commercial Code in the applicable jurisdiction);

 

(e)            such
Account Receivable is unconditionally payable in Dollars, and is not evidenced by a promissory note, chattel paper or any other instrument
or other document unless the original of such document is in the possession of the Collateral Agent and contains all necessary endorsements
in favor of the Collateral Agent;

 

(f)            no
more than sixty (60) days have elapsed from the original invoice due date and no more than ninety (90) days have elapsed from the original
invoice date with respect to such Account Receivable;

 

(g)           such
Account Receivable is not due from an Affiliate of a Loan Party;

 

(h)           such
Account Receivable is not a Government Account Receivable (other than an Eligible Government Account Receivable) or a Government Subcontract
Account Receivable (other than an Eligible Government Subcontract Account Receivable);

 

(i)            the
Account Debtor with respect to such Account Receivable is organized and located in the United States or Canada, unless such Account Receivable
is supported by a letter of credit or other similar obligation satisfactory to the Agents, unless otherwise agreed to by the Administrative
Agent in its Permitted Discretion;

 

    40 

     

    

 

(j)            the
Account Debtor with respect to such Account Receivable is not also a supplier to or creditor of a Loan Party, unless such Account Debtor
has executed a no-offset letter reasonably satisfactory to the Administrative Agent; provided that, in the case of any setoff with
respect to an Account Receivable where a no-offset letter has been executed, the portion of such Account Receivable not subject to such
setoff will not be ineligible by reason of this clause (j);

 

(k)            not
more than 50% of the aggregate amount of all Accounts Receivable of the Account Debtor with respect to such Account Receivable have remained
unpaid sixty (60) days past the original invoice due date or ninety (90) days past the original invoice date;

 

(l)             the
aggregate amount of any Accounts Receivable owing by an Account Debtor (other than the United States or any of its departments, agencies
or instrumentalities) do not, in each case, constitute more than fifteen (15%) percent of the aggregate amount of all otherwise Eligible
Accounts Receivable over any 30-day period (such percentage, as applied to such Account Debtor, being subject to reduction by the Administrative
Agent in its Permitted Discretion if the creditworthiness of such Account Debtor deteriorates); provided, however, that,
in each case, the Administrative Agent may in its Permitted Discretion include as “Eligible Accounts Receivable” the amount
of Eligible Accounts Receivable that are excluded because they exceed the foregoing percentage;

 

(m)            the
Account Debtor with respect to such Account Receivable (i) has not filed a petition for bankruptcy or any other relief under any
Debtor Relief Law and is not otherwise subject to a proceeding under Debtor Relief Law, (ii) has not failed, suspended business operations,
become insolvent or called a meeting of its creditors for the purpose of obtaining any financial concession or accommodation, (iii) has
not had or suffered to be appointed a receiver or a trustee or similar official for all or a significant portion of its assets or affairs
or (iv) in the case of an Account Debtor who is an individual, is not an employee of a Loan Party or any of its Affiliates and has
not died or been declared incompetent;

 

(n)            the
Account Debtor with respect to such Account Receivable is not a Person referred to in Section 5.19(b);

 

(o)            such
Account Receivable is owed by an Account Debtor (other than the United States or any of its departments, agencies or instrumentalities)
located in any jurisdiction which requires (i) filing of a “Notice of Business Activities Report” or other similar report
or (ii) the Loan Party to be registered to do business in such jurisdiction, in order to permit any Loan Party to seek judicial enforcement
in such jurisdiction of payment of such Accounts Receivable, unless such Loan Party has filed such report or qualified to do business
in such jurisdiction, except, in the case of this clause (o), to the extent such Loan Party may qualify subsequently as a foreign entity
authorized to transact business in such jurisdiction and gain access to such courts, without incurring any cost or penalty that the Agents
reasonably determine to be material in amount, and such later qualification cures any access to such courts to enforce payment of such
Accounts Receivable;

 

(p)            such
Account Receivable does not arise from bill and hold sales, guaranteed sales, sale and return, sale on approval and consignment sales;

 

    41 

     

    

 

(q)            the
Administrative Agent is, and continues to be, in its Permitted Discretion, satisfied with the credit standing of the Account Debtor in
relation to the amount of credit extended and the Administrative Agent believes, in its Permitted Discretion, that the prospect of collection
of such Account Receivable is not materially impaired for any reason;

 

(r)            such
Account Receivable does not, to the extent arising pursuant to a Contractual Obligation in an amount in excess of One Million Five Hundred
Thousand Dollars ($1,500,000), constitute an obligation of any Governmental Authority (other than the United States or any of its departments,
agencies or instrumentalities) unless all steps reasonably required by the Agents in connection therewith, including any action required
under any statute comparable to the FACA or under any other applicable Law, have been duly taken in a manner satisfactory to the Agents
in their Permitted Discretion; and

 

(s)            such
Account Receivable is and at all times shall continue to be otherwise reasonably acceptable to the Administrative Agent in the exercise
of its Permitted Discretion;

 

provided,
that in no event shall an Account Receivable be an Eligible Account Receivable if the Administrative Agent determines in its Permitted
Discretion that (i) such Account Receivable represents a progress billing or retainage or has not been invoiced, (ii) payment
has been extended, the Account Debtor has made a partial payment, or such Account Receivable arises from a sale on a cash-on-delivery
basis or (iii) such Account Receivable represents prepaid or deferred revenue.

 

For the avoidance of doubt, Accounts Receivable
that constitute Eligible Unbilled Accounts Receivable shall not also constitute Eligible Accounts Receivable.

 

“Eligible Assignee”
means any Person that meets the requirements to be an assignee under Section 10.07(b) (subject to receipt of such consents,
if any, as may be required for the assignment of the applicable Loan and/or Commitments to such Person under Section 10.07(b)(iii)).

 

“Eligible
Government Accounts Receivable” means the Government Accounts Receivable of a Loan Party which are, and at all times
continue to be, acceptable to the Administrative Agent in the exercise of its Permitted Discretion; provided, however, that
the criteria set forth below may be revised by the Administrative Agent in its Permitted Discretion based solely on the Administrative
Agent’s review of the initial field examination and inventory appraisal delivered to the Administrative Agent following the Closing
Date; provided, further, that no such revision that would result in a decrease in the amounts available to be borrowed by
the Borrowers hereunder shall be made without at least five (5) Business Days’ prior written notice thereof to the Borrower
Representative; provided, further, that to the extent the revision has been communicated to the Borrower Representative,
and the Borrowers make a request for a borrowing prior to the completion of the five (5) Business Day period, such borrowing will
take into account the revision so communicated; provided, further, that any standard of eligibility established or modified
shall have a reasonable relationship to circumstances, conditions, events or contingencies which are the basis for such standard of eligibility,
as reasonably determined, without duplication, by the Administrative Agent in its Permitted Discretion. A Government Account Receivable
shall be deemed to be eligible if:

 

(a)            if
required, with respect to a Government Prior Approval Contract, the contracting officer (or the authorized representative of such contracting
officer) for such Government Account Receivable has approved the payment of such Government Account Receivable;

 

    42 

     

    

 

(b)            all
customary and required procedures have been followed by such Loan Party to ensure the accuracy and legitimacy of such Government Account
Receivable;

 

(c)            such
Government Account Receivable is not relating to a Government Contract that includes a provision that prohibits the assignment of amounts
due under such contract;

 

(d)            the
FACA Requirement shall have been satisfied with respect to such Government Account Receivable if such Government Account Receivable relates
to a contract which constitutes an Assigned Government Contract pursuant to the provisions of this Agreement (provided that until the
91st day after the Closing Date, the Administrative Agent shall not establish any Reserve in respect of, and a Government Account
Receivable shall not be deemed ineligible due to, the failure to satisfy the FACA Requirement);

 

(e)            no
Loan Party has received notice or has knowledge (or reason to believe) that the Account Debtor with respect to such Government Account
Receivable does not intend to pay such Government Account Receivable (or any other Government Account Receivable relating to the same
Government Contract) in accordance with the invoice with respect thereto, in accordance with the terms of the Government Contract, or
in accordance with the information that Loan Parties have provided to the Administrative Agent with respect to such Government Account
Receivable;

 

(f)            no
Loan Party has received a “Cure Notice”, “Show Cause” or other similar notice with respect to such Government
Account Receivable (or any other Government Account Receivable relating to the same Government Contract); and

 

(g)           such
Government Account Receivable meets all of the requirements of an Eligible Accounts Receivable.

 

For the avoidance of doubt,
Accounts Receivable that constitute Eligible Unbilled Accounts Receivable shall not also constitute Eligible Government Accounts Receivable.

 

Notwithstanding anything to
the contrary in this definition or elsewhere in this Agreement, until the 91st day after the Closing Date, the Administrative
Agent shall not establish any Reserve in respect of, and a Government Account Receivable shall not be deemed ineligible due to, the pendency
of any novation in respect of the Government Contract to which such Account Receivable relates (unless the Account Debtor with respect
to such Government Contract has refused in writing to consent to the novation of such Government Contract to a Loan Party).

 

    43 

     

    

 

“Eligible
Government Subcontract Accounts Receivable” means Government Subcontract Accounts Receivable which are, and at all times
continue to be, acceptable to the Administrative Agent in the exercise of its Permitted Discretion; provided, however, that
the criteria set forth below may be revised by the Administrative Agent in its Permitted Discretion based solely on the Administrative
Agent’s review of the initial field examination and inventory appraisal delivered to the Administrative Agent following the Closing
Date; provided, further, that no such revision that would result in a decrease in the amounts available to be borrowed by
the Borrowers hereunder shall be made without at least five (5) Business Days’ prior written notice thereof to the Borrower
Representative; provided, further, that to the extent the revision has been communicated to the Borrower Representative,
and the Borrowers make a request for a borrowing prior to the completion of the five (5) Business Day period, such borrowing will
take into account the revision so communicated; provided, further, that any standard of eligibility established or modified
shall have a reasonable relationship to circumstances, conditions, events or contingencies which are the basis for such standard of eligibility,
as reasonably determined, without duplication, by the Administrative Agent in its Permitted Discretion. A Government Subcontract Account
Receivable shall be deemed to be eligible if: (a) if required, the Account Debtor with respect to such Government Subcontract Account
Receivable has approved the payment of such Government Subcontract Account Receivable; (b) no Loan Party has received a notice of
default or similar notice with respect to such Government Subcontract Account Receivable; and (c) such Government Subcontract Account
Receivable meets all of the requirements of an Eligible Account Receivable. For the avoidance of doubt, Accounts Receivable that constitute
Eligible Unbilled Accounts Receivable shall not also constitute Eligible Government Subcontract Accounts Receivable.

 

“Eligible Inventory”
means Inventory of a Loan Party which is, and at all times continues to be, acceptable to the Administrative Agent in the exercise of
its Permitted Discretion; provided, however, that the criteria set forth below may be revised by the Administrative Agent
in its Permitted Discretion based solely on the Administrative Agent’s review of the initial field examination and inventory appraisal
delivered to the Administrative Agent following the Closing Date; provided, further, that no such revision that would result
in a decrease in the amounts available to be borrowed by the Borrowers hereunder shall be made without at least five (5) Business
Days’ prior written notice thereof to the Borrower Representative; provided, further, that to the extent the revision
has been communicated to the Borrower Representative, and the Borrowers make a request for a borrowing prior to the completion of the
five (5) Business Day period, such borrowing will take into account the revision so communicated; provided, further,
that any standard of eligibility established or modified shall have a reasonable relationship to circumstances, conditions, events or
contingencies which are the basis for such standard of eligibility, as reasonably determined, without duplication, by the Administrative
Agent in its Permitted Discretion. Inventory shall be deemed to be eligible if:

 

(a)            such
Inventory is lawfully owned by a Loan Party, constitutes Collateral and all steps required to be taken pursuant to the applicable Collateral
Documents to establish such Inventory as Collateral have been taken and is free and clear of any other Lien (other than (i) Liens
securing “Fixed Asset Obligations” (as defined in the ABL Intercreditor Agreement) so long as all such Liens rank junior in
priority to the Liens securing the Obligations pursuant to the ABL Intercreditor Agreement, (ii) non-consensual Liens arising by
operation of law that either (A) rank junior in priority to the Liens securing the Obligations or (B) have been notified to
the Administrative Agent and for which a Reserve has been established by the Administrative Agent in accordance herewith, (iii) inchoate
Liens for which amounts are not yet due and payable, (iv) as permitted pursuant to clause (i) below and (v) Permitted Liens,
so long as such Permitted Liens rank junior in priority to the Liens securing the Obligations) and otherwise continues to be in full conformity
with all representations and warranties made by a Loan Party to the Agents and the Lenders with respect thereto in the Loan Documents;

 

    44 

     

    

 

(b)            such
Inventory is not held on consignment and may be lawfully sold;

 

(c)            a
Loan Party has the right to grant Liens on such Inventory;

 

(d)            such
Inventory arose or was acquired in the ordinary course of the business of a Loan Party and does not represent goods used for demonstration
purposes, returned, damaged, obsolete or unsalable goods;

 

(e)            no
Account Receivable or document of title has been created or issued with respect to such Inventory;

 

(f)            such
Inventory is located in the United States, or is not in transit (except for Inventory located in the United States that is in transit
between locations at which such Inventory would constitute Eligible Inventory (and such Inventory will constitute Eligible Inventory upon
arrival at such location) and having an aggregate value not to exceed $2,500,000);

 

(g)            if
such Inventory (1) consists of finished goods either (x) sold under a licensed trademark, or (y) produced, sold or distributed
by the Loan Parties subject and pursuant to a license (as licensee) of any proprietary intellectual property or technology of a third
party or (2) contains or uses a medium subject to a copyright, either (i) the Collateral Agent shall have entered into a waiver
letter, in form and substance reasonably satisfactory to the Agents, with the licensor with respect to the rights of the Collateral Agent
to use the licensed trademark or copyright to sell or otherwise dispose of such Inventory or (ii) the Agents shall otherwise be reasonably
satisfied, in their Permitted Discretion, that the Collateral Agent has rights to sell or dispose of such Inventory;

 

(h)            such
Inventory is not work-in-process (except for Inventory that is work-in-process located in the United States with an aggregate value not
to exceed $3,000,000), supplies or packaging;

 

(i)            such
Inventory (I) (A) is located on real property owned or leased by a Loan Party or in a contract warehouse, and unless such location
is real property owned by a Loan Party, either (x) it is subject to a written subordination, waiver or access agreement executed
by the owner, lessor, warehouseman, or other third party, as the case may be, or (y) the Administrative Agent has instituted a Reserve
equal to the rental costs under the applicable lease with respect to such location for a three (3) month period, and (B) is
segregated or otherwise separately identifiable from goods of others, if any, stored on the premises (provided that until the 91st
day after the Closing Date, the Administrative Agent shall not establish any Reserve in respect of, and Inventory located at real property
leased by a Loan Party or in a contract warehouse shall not be deemed ineligible due to, the lack of a subordination, waiver or access
agreement described in the foregoing clause (x) (it being understood by all parties that on such 91st day, the Administrative
Agent may exercise all of its rights to establish Reserves with respect to any such leased location or contract warehouse for which a
written subordination, waiver or access agreement is lacking as provided for in and in accordance with this Agreement)) or (II) is
located at a customer of a Loan Party and (A) it is subject to a written access agreement executed by the customer that is in form
and substance satisfactory to the Administrative Agent in its Permitted Discretion, (B) it is segregated or otherwise separately
identifiable from goods of others, if any, stored on the premises, and (C) such customer location contains a material amount of Inventory
of the applicable Loan Party (as determined by the Administrative Agent in its Permitted Discretion);

 

    45 

     

    

 

(j)            there
are no retention of title rights with respect to such Inventory; provided that if any such retention of title rights apply to any
Inventory, then only the amount of Inventory subject to such retention of title rights shall not constitute Eligible Inventory;

 

(k)            the
Collateral Agent is not required to make a filing pursuant to 49 U.S.C. Sections 44107-11 to perfect its security interest in such Inventory;
and

 

(l)            such
Inventory is and at all times shall continue to be otherwise reasonably acceptable to the Agents.

 

“Eligible Unbilled
Accounts Receivable” means those Accounts Receivable of a Loan Party that would constitute an Eligible Accounts Receivable,
Eligible Government Accounts Receivable or Eligible Government Subcontract Accounts Receivable but for the fact that (x) the Account
Debtor has not been billed or invoiced for the applicable goods or services and (y) solely with respect to Incomplete Project Receivables,
sub-clause (a) of the definition of “Eligible Accounts Receivable” is not satisfied because the project giving rise to
such Account Receivable has not been completed, provided that (a) such obligation is covered under a written work order or
other agreement between such Loan Party and the Account Debtor owing such obligation, including price verification, which is binding and
enforceable on such Account Debtor to pay such obligation, and (b) other than with respect to Incomplete Project Receivables, such
obligation has not been classified as an Eligible Unbilled Accounts Receivable for more than thirty (30) days; provided further
that with respect to all Incomplete Project Receivables, only the percentage set forth in the table below of the gross amount of each
category of Incomplete Project Receivables shall constitute Eligible Unbilled Accounts Receivable hereunder:

 

	Category	 	Percentage Eligible	 
	KC-10 Project	 	 	60	%
	Non-KC-10 Projects	 	 	30	%
	Crestview Projects	 	 	20	%

 

    46 

     

    

 

; provided, however, that the percentages
set forth above may be revised by the Administrative Agent in its Permitted Discretion based on the Administrative Agent’s review
of any field examination delivered to the Administrative Agent; provided, further, that no such revision that would result
in a decrease in the amounts available to be borrowed by the Borrowers hereunder shall be made without at least five (5) Business
Days’ prior written notice thereof to the Borrower Representative; provided, further, that to the extent the revision
has been communicated to the Borrower Representative, and the Borrowers make a request for a borrowing prior to the completion of the
five (5) Business Day period, such borrowing will take into account the revision so communicated; provided, further,
that any revisions to the percentages shall have a reasonable relationship to circumstances, conditions, events or contingencies which
are the basis for such change, as reasonably determined, without duplication, by the Administrative Agent in its Permitted Discretion.
Any Incomplete Project Receivables not covered by the categories set forth in the table above shall be ineligible, but may be proposed
for inclusion as “Eligible Unbilled Accounts Receivable” by Borrower Representative by written notice to the Administrative
Agent and the Administrative Agent may, in its Permitted Discretion, with the prior consent of the Supermajority Lenders, update the table
above to include additional categories of Incomplete Project Receivables on a basis (and subject to a percentage) reasonably acceptable
to the Supermajority Lenders; provided that the Administrative Agent and Lenders shall not be required to include any new categories
of Incomplete Project Receivables in the table set forth above until a field examination has been conducted with respect to such category
of Incomplete Project Receivables.

 

“EMU” means
the economic and monetary union as contemplated in the EU Treaty.

 

“EMU Legislation”
means the legislative measures of the EMU for the introduction of, changeover to, or operation of the Euro in one or more member states.

 

“Entitlement Holder”
has the meaning given such term in the UCC.

 

“Entitlement Order”
has the meaning given such term in the UCC.

 

“Environment”
means ambient air, indoor air, surface water, groundwater, drinking water, land surface, sediments, and subsurface strata and natural
resources such as wetlands, flora and fauna.

 

“Environmental Laws”
means any and all applicable federal, state, local and foreign statutes, laws, including common law, regulations, ordinances, rules, judgments,
orders, decrees, permits, concessions, grants, franchises, licenses or governmental restrictions relating to pollution, the protection
of the Environment, or the protection of human health or safety (to the extent relating to exposure to Hazardous Materials), including
those related to Hazardous Materials, air emissions and discharges to public pollution control systems.

 

“Environmental Liability”
means any liability, contingent or otherwise (including any liability for damages, costs of environmental remediation, monitoring or oversight
by a Governmental Authority, fines, penalties or indemnities), of the Borrowers, any other Loan Party or any of their respective Subsidiaries
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 or treatment of any Hazardous Materials, (c) human 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 binding consensual
arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.

 

“Environmental Permit”
means any permit, approval, identification number, license or other authorization required under any Environmental Law.

 

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“Equity Contribution”
has the meaning specified in the definition of “Transactions”.

 

“Equity Interests”
means Capital Stock and all warrants, options or other rights to acquire Capital Stock (but excluding any Capital Stock that arises only
by reason of the happening of a contingency or any debt security that is convertible into, or exchangeable for, Capital Stock).

 

“ERISA”
means the Employee Retirement Income Security Act of 1974, and the rules and regulations thereunder, each as amended or modified
from time to time.

 

“ERISA Affiliate”
means any Person who together with any Loan Party is treated as a single employer 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) or Section 4001
of ERISA.

 

“ERISA Event”
means (a) a Reportable Event with respect to a Plan; (b) the withdrawal of any Loan Party or any ERISA Affiliate from a 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 any Loan Party or any ERISA Affiliate from a Multiemployer Plan or notification that
a Multiemployer Plan is insolvent (within the meaning of Section 4245 of ERISA); (d) the filing of a notice of intent to terminate
or the treatment of a plan amendment as a termination under Section 4041 or 4041A of ERISA, respectively, (e) the institution
by the PBGC of proceedings to terminate a Plan or Multiemployer Plan; (f) an event or condition which constitutes grounds under Section 4042
of ERISA for the termination of, or the appointment of a trustee to administer, any Plan or Multiemployer Plan; (g) the determination
that any Plan is considered an at-risk plan within the meaning of Section 430 of the Code or Section 303 of ERISA; (h) the
determination that any Multiemployer Plan is considered a plan in “endangered”, “critical”, or “critical
and declining” status within the meaning of Section 432 of the Code or Section 305 of ERISA; (i) the imposition of
any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon any
Loan Party or any ERISA Affiliate; (j) the conditions for the imposition of a Lien under Section 430(k) of the Code or
Section 303(k) of ERISA shall have been met with respect to any Plan; (k) any Foreign Benefit Event or (l) any other
event or condition with respect to a Plan or Multiemployer Plan that could result in liability of the Borrowers or any Subsidiary.

 

“Erroneous Payment”
has the meaning assigned to it in Section 9.18(a).

 

“Erroneous Payment
Deficiency Assignment” has the meaning assigned to it in Section 9.18(d)(i).

 

“Erroneous Payment
Impacted Class” has the meaning assigned to it in Section 9.18(d)(i).

 

“Erroneous Payment
Return Deficiency” has the meaning assigned to it in Section 9.18(d)(i).

 

“Escrow”
has the meaning specified in the definition of “Indebtedness”.

 

    48 

     

    

 

“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.

 

“EU Treaty”
means the Treaty on European Union.

 

“Euro”
and “€” means the single currency of the Participating Member States introduced in accordance with the provisions
of Article 109(i)4 of the EU Treaty.

 

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

 

“Excess Availability”
means, as of any date of determination, a Dollar Amount equal to the difference of (a) Loan Cap minus (b) Exposure.

 

“Exchange Act”
means the U.S. Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC promulgated thereunder.

 

“Excluded Account”
has the meaning specified in Section 6.20(a).

 

“Excluded Contributions”
means the net cash proceeds and Cash Equivalents, or the Fair Market Value of other assets, received by Vertex after the Third Amendment
Effective Date from:

 

(1)            contributions
in the form of Equity Interests which are not Excluded Equity, and

 

(2)            the
sale of Capital Stock (other than Excluded Equity) of Vertex,

 

in each case designated as Excluded Contributions
pursuant to an officer’s certificate of a Responsible Officer, or that has been utilized to make a Restricted Payment pursuant to
clause (2) of the second paragraph of Section 7.05. Excluded Contributions will be excluded from the calculation set forth in
clause (c) of the first paragraph of Section 7.05.

 

“Excluded Equity”
means (i) Disqualified Stock, (ii) any Equity Interests issued or sold to a Restricted Subsidiary or any employee stock ownership
plan or trust established by Holdings or any of its Subsidiaries or a direct or indirect parent of Holdings (to the extent such employee
stock ownership plan or trust has been funded by Holdings or any Subsidiary or a direct or indirect parent of Holdings) and (iii) any
Equity Interest that has already been used or designated (x) as (or the proceeds of which have been used or designated as) Designated
Preferred Stock, an Excluded Contribution or Refunding Capital Stock, (y) to Incur Contribution Indebtedness or (z) to increase
the amount available under clause (5)(a) of the second paragraph under Section 7.05 or clause (14) of the definition of “Permitted
Investments” or is proceeds of Indebtedness referred to in clause (14)(b) of the second paragraph in Section 7.05.

 

“Excluded Indebtedness”
has the meaning specified in the definition of “Indebtedness.”

 

    49 

     

    

 

“Excluded Property”
means, with respect to any Loan Party, (a) (i) any fee-owned real property not constituting Material Real Property, any real
property leasehold or subleasehold interests and (ii) any fee owned real property (whether already mortgaged, or required or intended
to be mortgaged, at any time of determination) located in an area identified by the Federal Emergency Management Agency (or any successor
agency) as a “special flood hazard area” or such property or mortgage thereon would be subject to any flood insurance due
diligence, flood insurance requirements or compliance with any flood insurance laws (it being agreed that (A) if it is subsequently
determined that any such real property subject to, or otherwise required or intended to be subject to, a mortgage is or might be located
in a flood hazard area, such property shall be deemed to constitute Excluded Property until a determination is made that such property
is not located in a flood hazard area and does not require flood insurance, and (B) if there is an existing mortgage on such property,
such mortgage shall be released if located in a special flood hazard area and would require flood insurance or if it cannot determined
whether such fee owned real property is located in a special flood hazard area or would require flood insurance if the time or information
necessary to make such determination would (as determined by the Borrower Representative in good faith) delay or impair the intended date
of funding any Loan or effectiveness of any amendment or supplement under this Agreement), (b) any motor vehicle, airplane or other
asset subject to a certificate of title (other than to the extent a security interest therein can be perfected by filing an “all
assets” UCC-1 financing statement and without the requirement to list any VIN, serial or similar number), (c) assets to the
extent granting a security interest in such assets could reasonably be expected to result in material adverse tax consequences to Vertex,
Holdings or any of the Restricted Subsidiaries or Parent Holding Companies (other than the grant of security by Holdings or any Restricted
Subsidiary of Vertex that is a Loan Party as of the Third Amendment Effective Date), or material adverse regulatory consequences, in each
case, as determined by the Borrower in good faith,, (d) pledges of, and security interests in, certain assets, in favor of the Collateral
Agent which are prohibited by applicable Law or would require obtaining the consent of any governmental authority; provided, that
(i) any such limitation described in this clause (d) on the security interests granted shall only apply to the extent that any
such prohibition is not rendered ineffective pursuant to the Uniform Commercial Code of any applicable jurisdiction and shall not apply
to any proceeds or receivables thereof, the assignment of which is expressly deemed effective under the Uniform Commercial Code of any
applicable jurisdiction notwithstanding such prohibition and (ii) in the event of the termination or elimination of any such prohibition
contained in any applicable Law or to the extent such consent is obtained, a security interest in such assets shall be automatically and
simultaneously granted under the applicable Collateral Documents and such asset shall be included as Collateral, (e) subject to the
FACA Requirement, any governmental or regulatory licenses or state or local franchises, charters, consent, permits and authorizations,
to the extent security interests in favor of the Collateral Agent in such licenses, franchises, charters, consents, permits or authorizations
are prohibited or restricted thereby or by applicable Law, in each case, except to the extent such prohibition is unenforceable after
giving effect to the applicable anti-assignment provisions of the Uniform Commercial Code of any applicable jurisdiction and other than
proceeds and receivables thereof, the assignment of which is expressly deemed effective under the Uniform Commercial Code of any applicable
jurisdiction notwithstanding such prohibition; provided (i) any such limitation described in this clause (e) on the security
interests granted shall only apply to the extent that any such prohibition could not be rendered ineffective pursuant to the Uniform Commercial
Code of any applicable jurisdiction or any other applicable Law or principles of equity and shall not apply to any proceeds or receivables
thereof, the assignment of which is expressly deemed effective under the Uniform Commercial Code of any applicable jurisdiction or notwithstanding
such prohibition and that in the event of the termination or elimination of any such prohibition or restriction contained in any applicable
license, franchise, charter or authorization, or under applicable law, a security interest in such licenses, franchises, charters or authorizations
shall be automatically and simultaneously granted under the applicable Collateral Documents and such licenses, franchises, charters, permits,
consents or authorizations shall be included as Collateral, (f) Equity Interests in (A) any Person (other than the Borrower
and Wholly Owned Restricted Subsidiaries of Holdings that are not Immaterial Subsidiaries), (B) any not-for-profit Subsidiary, (C) any
Captive Insurance Subsidiary, (D) [reserved], (E) any broker-dealer Subsidiary, (F) Subsidiaries that are special purpose
entities (the entities in subclauses (B), (C), (E) and (F) of this clause (f), each, a “Limited Purpose Subsidiary”),
(G) any Unrestricted Subsidiary, (H) any Person which is acquired after the date hereof to the extent and for so long as such
Equity Interests are pledged in respect of Acquired Indebtedness and such pledge constitutes a Permitted Lien and does not permit the
grant of a security interest on such Equity Interests and (I) any Person that is an Excluded Subsidiary pursuant to clause (e) of
the definition of “Excluded Subsidiary”, (g) subject to the FACA Requirement, any general intangible and any lease, license,
permit or other agreement or any property or right subject thereto (including pursuant to a purchase money security interest, Capitalized
Lease Obligation or similar arrangement, in each case permitted to be incurred under this Agreement or, in the case of after-acquired
property, pre-existing secured debt not incurred in anticipation of the acquisition by the applicable Loan Party of such property), to
the extent that a grant of a security interest therein would violate or invalidate such item or create a right of termination in favor
of any other party thereto (other than a Loan Party), in each case, except to the extent such prohibition is unenforceable after giving
effect to the applicable anti-assignment provisions of the Uniform Commercial Code of any applicable jurisdiction and other than proceeds
and receivables thereof, the assignment of which is expressly deemed effective under the Uniform Commercial Code of any applicable jurisdiction
notwithstanding such prohibition, (h) “intent-to-use” trademark applications prior to the filing of a “Statement
of Use” or “Amendment to Allege Use” filing, (i) [reserved], (j) Equity Interests in excess of 65% of the
Capital Stock of any first-tier Subsidiary that is a (A) a Controlled Foreign Subsidiary or (B) a FSHCO, (k) trust accounts
holding funds for third parties, payroll accounts and escrow accounts holding funds for third parties, in each case, as long as each such
account is used solely for such purpose, (l) cash to secure letter of credit reimbursement obligations and such pledge constitutes
a Permitted Lien, (excluding Cash Collateral securing the L/C Obligations under this Agreement), (m) Margin Stock, (n) leasehold
or subleasehold interests to the extent a security interest in respect thereof cannot be perfected by filing an “all-assets”
UCC-1 financing statement, (o) letter of credit rights, except to the extent constituting a supporting obligation for other Collateral
as to which perfection of the security interest therein is accomplished by the filing of a UCC-1 financing statement, (p) all commercial
tort claims that are not expected to result in a judgment or settlement payment in excess of $10,000,000 (as determined by the Borrower
Representative in good faith), (q) [reserved], (r) any assets or property located or titled in any jurisdiction outside the
U.S. and held by any Loan Party, to the extent a security interest in respect thereof cannot be perfected by filing an “all-assets”
UCC-1 financing statement or the delivery of certificates or instruments otherwise required pursuant to the terms of the Loan Documents
or automatically without a filing (provided that this clause (s) shall not apply to (x) the assets of any Loan Party that is
a Foreign Subsidiary to the extent such assets or property are located in jurisdictions outside the U.S. that are agreed between the Borrower
and the Administrative Agent, and (y) the Equity Interests of any Foreign Subsidiary that is a Guarantor); provided, that
Excluded Property shall not include any assets of any Loan Party which secure (or purport to secure) the First Lien Obligations or the
Second Lien Obligations (or any Refinancing Indebtedness in respect thereof). Other assets shall be deemed to be “Excluded Property”
if the Borrower Representative determines in good faith that the burden or cost of obtaining or perfecting a security interest in such
assets (including, without limitation, the cost of title insurance, surveys or flood insurance (if necessary)) outweighs the benefit to
the Lenders of the security afforded thereby. Notwithstanding anything herein or the Collateral Documents to the contrary, Excluded Property
shall not include (i) any Proceeds (as defined in the UCC), substitutions or replacements of any Excluded Property (unless such Proceeds,
substitutions or replacements would otherwise constitute Excluded Property referred to above) and (ii) any assets included in the
calculation of the Borrowing Base.

 

    50 

     

    

 

 

“Excluded
Subsidiary” means any direct or indirect Subsidiary of Vertex (other than a Borrower) that is (a) an Unrestricted
Subsidiary, (b) a non-Wholly-Owned Subsidiary, (c) an Immaterial Subsidiary, (d) a FSHCO, (e) established or
created pursuant to clause (14)(g) of the second paragraph of Section 7.05 and meeting the requirements of the proviso
thereto; provided that such Subsidiary shall only be an Excluded Subsidiary for the period immediately prior to such
acquisition, (f) a Foreign Subsidiary and any Subsidiary of a Controlled Foreign Subsidiary; (g) a Subsidiary that is
prohibited by applicable Law from guaranteeing the Facilities, or which would require governmental (including regulatory) consent,
approval, license or authorization to provide a guarantee (including, for the avoidance of doubt, Laws relating to financial
assistance, corporate benefit, thin capitalization, capital maintenance, liquidity maintenance or similar legal principles,
restrictions on upstreaming and/or cross-streaming of cash intra-group and Laws relating to the fiduciary and/or statutory duties of
the Board of Directors of Holdings and/or any of its Subsidiaries) unless, such consent, approval, license or authorization has been
received; provided that none of Holdings or is Restricted Subsidiaries shall have any obligation to obtain such consent,
approval, license or authorization, (h) a Subsidiary that is prohibited from guaranteeing the Facilities by any Contractual
Obligation in existence on the Third Amendment Effective Date (but not entered into in contemplation thereof) and for so long as any
such Contractual Obligation exists (or, in the case of any newly-acquired Subsidiary, in existence at the time of acquisition
thereof but not entered into in contemplation thereof and for so long as any such Contractual Obligation exists), (i) a Person
(other than Holdings or a Restricted Subsidiary of Vertex that is a Subsidiary of any Loan Party as of the Third Amendment Effective
Date) whose guarantee of the Facilities would result in material adverse tax consequences to Vertex, Holdings or any of the
Restricted Subsidiaries or Parent Holding Companies, as determined by the Borrower Representative in good faith, (j) any
Limited Purpose Subsidiary, (k) any Restricted Subsidiary acquired by Holdings or any of the Restricted Subsidiaries after the
Third Amendment Effective Date that, at the time of the relevant acquisition, is an obligor in respect of assumed Indebtedness that
is permitted under this Agreement, and any restricted subsidiary thereof that guarantees such Indebtedness, in each case, to the
extent (and for so long as) the documentation governing the applicable assumed Indebtedness or guaranty thereof prohibits such
Subsidiary from becoming a Guarantor so long as such restriction was not incurred in contemplation of such acquisition, and
(l) any other Subsidiary with respect to which, in the good faith determination of the Borrower Representative, the burden or
cost of guaranteeing the Facilities outweighs the benefits to be obtained by the Lenders therefrom; provided that the
Borrower Representative may from time to time elect to cause any Excluded Subsidiary (in the case of any Foreign Subsidiary, with
the consent of the Administrative Agent (such consent not to be unreasonably withheld, conditioned or delayed)) to become a
Guarantor upon notice to the Administrative Agent; provided further that if a Subsidiary executes the Subsidiary
Guaranty as a “Subsidiary Guarantor,” then it shall not constitute an “Excluded Subsidiary” (unless released
from its obligations under the Subsidiary Guaranty as a “Subsidiary Guarantor” in accordance with the terms hereof and
thereof.

 

    51 

     

    

 

“Excluded Swap Obligation”
means, with respect to any Guarantor, (a) any Swap Obligation if, and to the extent that, all or a portion of the Guarantee of such
Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or any Guarantee thereof) is or becomes
illegal under the Commodity Exchange Act or any rule, regulation, or order of the Commodity Futures Trading Commission (or the application
or official interpretation of any thereof) (i) by virtue of such Guarantor’s failure to constitute an “eligible contract
participant,” as defined in the Commodity Exchange Act and the regulations thereunder (determined after giving effect to any applicable
keepwell, support, or other agreement for the benefit of such Guarantor), at the time the guarantee of (or grant of such security interest
by, as applicable) such Guarantor becomes or would become effective with respect to such Swap Obligation or (ii) in the case of a
Swap Obligation that is subject to a clearing requirement pursuant to section 2(h) of the Commodity Exchange Act, because such Guarantor
is a “financial entity,” as defined in section 2(h)(7)(C) the Commodity Exchange Act, at the time the guarantee of (or
grant of such security interest by, as applicable) such Guarantor becomes or would become effective with respect to such Swap Obligation
or (b) any other Swap Obligation designated as an “Excluded Swap Obligation” of such Guarantor as specified in any agreement
between the relevant Loan Parties and Hedge Bank applicable to such Swap Obligation.

 

“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 such Recipient’s 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 (ii) that are
Other Connection Taxes, (b) in the case of a Lender, any U.S. federal withholding Taxes imposed pursuant to a Law in effect on the
date on which such Lender becomes a party hereto (other than pursuant to a request by any Loan Party under Section 3.08) or changes
its lending office, except in each case to the extent that, pursuant to Section 3.01, additional 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 changes its lending office, (c) Taxes attributable to such Recipient’s failure to comply with Section 3.01(g),
(d) any Taxes imposed under FATCA, (e) U.S. federal backup withholding Taxes under Section 3406 of the Code and (f) Other
Connection Taxes that are excluded from the definition of Other Taxes.

 

“Executive Order”
means Executive Order No. 13224 of September 23, 2001, entitled Blocking Property and Prohibiting Transactions With Persons
Who Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079 (2001)).

 

“Existing ABL Intercreditor
Agreement” means the ABL Intercreditor Agreement, substantially in the form of Exhibit L, dated as of the Closing Date,
among the Administrative Agent and the Existing Term Loan Agent, with such modifications thereto as the Administrative Agent may reasonably
agree.

 

    52 

     

    

 

“Existing Term Loan
Agent” means Morgan Stanley Senior Funding, Inc.

 

“Existing Term Loan
Credit Agreement” means that certain Term Loan Credit Agreement, dated as of June 29, 2018, by and among Vertex, Vertex
Holdings, the lenders from time to time party thereto and Existing Term Loan Agent, as amended, restated, amended and restated, supplemented
or otherwise modified from time to time.

 

“Exposure”
means, as of any date of determination, a Dollar Amount equal to the sum of (a) the outstanding Dollar Amount of all Revolving Credit
Loans as of such date, plus (b) the outstanding Dollar Amount of all Swingline Loans as of such date, plus (c) the
outstanding Dollar Amount of all L/C Obligations as of such date.

 

“FAR” means
the Federal Acquisition Regulations (Title 48 of the Code of Federal Regulations), and any rules, guidelines or regulations issued by
any department, agency or instrumentality of the United States with respect thereto, or supplementing, interpreting or implementing same.

 

“FACA”
means the Assignment of Claims Act of 1940 (41 U.S.C. Section 15, 31 U.S.C. Section 3737, and 31 U.S.C. Section 3727),
including all amendments thereto and regulations promulgated thereunder.

 

“FACA Requirement”
has the meaning specified in Section 6.21.

 

“FACA Requirement
Documents” means all documents, instruments and assignments, as may be reasonably requested by the Administrative Agent to comply
with FACA in its Permitted Discretion.

 

“Facility”
means the Revolving Credit Facility, Swingline Sublimit or the Letter of Credit Sublimit, as the context may require.

 

“Fair Market Value”
means, with respect to any asset or property, the price that could be negotiated in an arm’s-length, free market transaction, for
cash, between a willing seller and a willing and able buyer, neither of whom is under undue pressure or compulsion to complete the transaction
(as determined in good faith by Borrower Representative, whose determination will be conclusive for all purposes under the Loan Documents).

 

“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 Treasury regulations or official administrative interpretations
thereof, any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version
described above) and any intergovernmental agreements implementing the foregoing (together with any Laws implementing such agreements).

 

“Federal Funds Rate”
means, for any day, the rate 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 rate; provided,
that if the Federal Funds Rate for any day is less than zero, the Federal Funds Rate for such day will be deemed to be zero.

 

    53 

     

    

 

“Financial Asset”
has the meaning given to such term in the UCC.

 

“Financial Covenant”
has the meaning specified in Section 7.08.

 

“Financial Incurrence
Test” has the meaning specified in Section 1.11(b).

 

“Financial Model”
means the model made available by the Sponsor to the Arrangers on August 31, 2021.

 

“First Lien Administrative
Agent” means RBC, in its capacity as administrative agent and collateral agent under the First Lien Credit Agreement and the
other First Lien Loan Documents and any other administrative agent, collateral agent or representative of the holders of First Lien Obligations
appointed as a representative for purposes related to the administration of the security documents pursuant to the First Lien Credit Agreement,
in such capacity as provided in the First Lien Credit Agreement.

 

“First Lien Credit
Agreement” means the certain First Lien Credit Agreement, dated as of the Third Amendment Effective Date, among Vertex, Holdings,
the lenders party thereto from time to time, and the First Lien Administrative Agent, as amended, modified, supplemented, substituted,
replaced, restated or refinanced, in whole or in part, pursuant to a Permitted Refinancing from time to time (whether with the original
administrative agent and lenders or other agents and lenders or otherwise and whether provided under the original First Lien Credit Agreement
or another credit agreement, indenture, instrument, other document or otherwise, unless such credit agreement, indenture, instrument or
document expressly provides that it is not a First Lien Credit Agreement), in each case as and to the extent permitted by this Agreement
and the ABL Intercreditor Agreement.

 

“First Lien Loan
Documents” means collectively, (i) the First Lien Credit Agreement and (ii) the security documents, intercreditor
agreements (including the ABL Intercreditor Agreement), guarantees, joinders and other agreements or instruments executed in connection
with the First Lien Credit Agreement or such other agreements, in each case, as amended, modified, supplemented, substituted, replaced,
restated or refinanced, in whole or in part, pursuant to a Permitted Refinancing from time to time, in each case as and to the extent
permitted by this Agreement and the ABL Intercreditor Agreement.

 

“First Lien Loan
Parties” has the meaning assigned to the term “Loan Parties” in the First Lien Credit Agreement.

 

“First Lien Obligations”
has the meaning assigned to the term “Obligations” in the First Lien Credit Agreement.

 

“First Lien Term
Facility” means the term loan facility under the First Lien Credit Agreement or any amendment, supplement, modification, substitution,
replacement, restatement or refinancing thereof, in whole or in part, pursuant to a Permitted Refinancing from time to time, in each case
as and to the extent permitted by this Agreement and the ABL Intercreditor Agreement.

 

    54 

     

    

 

“First Lien Term
Loans” has the meaning assigned to the term “Loans” in the First Lien Credit Agreement.

 

“Fixed Amounts”
has the meaning specified in Section 1.11(b).

 

“Fixed Charge Coverage
Ratio” means the ratio as of the last day of any fiscal quarter (or on any date of determination other than the last day of
any Fiscal Quarter, the ratio as of the last day of the most recently ended full fiscal quarter) of (i) an amount equal to Consolidated
EBITDA for the four fiscal quarter period then ending minus (y) capital expenditures made in cash by the Borrower Parties
during such four fiscal quarter period to the extent not financed with the proceeds of Indebtedness (other than with the proceeds of Indebtedness
under this Facility) minus (z) cash taxes actually paid by the Borrower Parties during such four fiscal quarter period (including
any tax distributions pursuant to clause (13) of Section 7.05), to (ii) Consolidated Fixed Charges for such four fiscal quarter
period.

 

“Foreign Benefit
Event” means, with respect to any Foreign Plan, (a) the existence of unfunded liabilities in excess of the amount permitted
under any applicable Law, or in excess of the amount that would be permitted absent a waiver from a Governmental Authority, (b) the
failure to make the required contributions or payments, under any applicable Law, on or before the due date for such contributions or
payments, (c) the receipt of a notice by a Governmental Authority relating to the intention to terminate any such Foreign Plan or
to appoint a trustee or similar official to administer any such Foreign Plan, or alleging the insolvency of any such Foreign Plan, (d) the
incurrence of any liability by Vertex and its Subsidiaries under applicable Law on account of the complete or partial termination of such
Foreign Plan or the complete or partial withdrawal of any participating employer therein or (e) the occurrence of any transaction
that is prohibited under any applicable Law and that could reasonably be expected to result in the incurrence of any liability by Vertex
and its Subsidiaries, or the imposition on Vertex or any of its Subsidiaries of, any fine, excise tax or penalty resulting from any noncompliance
with any applicable Law.

 

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

 

“Foreign Plan”
means any pension plan, benefit plan, fund (including any superannuation fund) or other similar program established, maintained or contributed
to by a Loan Party or any of its Subsidiaries primarily for the benefit of employees employed and residing outside the United States (other
than plans, funds or other similar programs that are maintained exclusively by a Governmental Authority), and which plan is not subject
to ERISA or the Code.

 

“Foreign Subsidiary”
means any direct or indirect Subsidiary of Vertex that is not a Domestic Subsidiary.

 

“Fourth Amendment”
means the Fourth Amendment to ABL Credit Agreement, dated as of the Fourth Amendment Effective Date, by and among the Loan Parties party
thereto, the Administrative Agent and the Lenders.

 

    55 

     

    

 

“Fourth Amendment
Effective Date” means July 5, 2022.

 

“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, such Defaulting Lender’s Pro Rata Share of the outstanding Swingline Loans and
L/C Obligations (other than L/C Obligations and Swingline Loans as to which such Defaulting Lender’s participation obligation has
been reallocated to other Non-Defaulting Lenders or Cash Collateralized in accordance with the terms hereof).

 

“FSHCO”
means any direct or indirect Subsidiary of a Borrower that owns, directly or indirectly, no material assets other than Capital Stock (or,
if applicable, Capital Stock and indebtedness) of one or more Controlled Foreign Subsidiaries or another FSHCO.

 

“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.

 

“GAAP”
means generally accepted accounting principles in the United States of America as in effect from time to time, including those set forth
in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements
and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as approved by a significant
segment of the accounting profession (but excluding the policies, rules and regulations of the SEC applicable only to public companies);
provided that the Borrowers may at any time elect by written notice to the Administrative Agent to use IFRS in lieu of GAAP for
financial reporting purposes and, upon any such notice, references herein to GAAP shall thereafter be construed to mean (a) for periods
beginning on and after the date specified in such notice, IFRS as in effect from time to time and (b) for prior periods, GAAP
as defined in this sentence without giving effect to the proviso thereto. All ratios and computations based on GAAP contained in this
Agreement shall be computed in conformity with GAAP.

 

“Government Account
Receivable” means an Account Receivable that arises out of a Government Contract.

 

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

 

“Government Contract”
means an agreement, contract or license to which any Loan Party and the United States or any of its departments, agencies or instrumentalities
are parties.

 

“Government Prior
Approval Contract” means a firm fixed price Government Contract, or any other type of Government Contract, that requires prior
approval of a contracting officer (or the authorized representative of such contracting officer) before payments are made in connection
with such Government Contract.

 

    56 

     

    

 

“Government Subcontract”
means an agreement, contract or license, other than a Government Contract, to which any Loan Party is a party and for which the United
States or any of its departments, agencies or instrumentalities is the end customer.

 

“Government Subcontract
Account Receivable” means an Account Receivable that arises out of a Government Subcontract.

 

“Granting Lender”
has the meaning specified in Section 10.07(g).

 

“Guarantee”
means, as to any Person, without duplication, (a) any obligation, contingent or otherwise, of such Person guaranteeing or having
the economic effect of guaranteeing any Indebtedness or other monetary obligation payable or performable by another Person (the “primary
obligor”) in any manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to
purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other monetary obligation, (ii) to
purchase or lease property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other monetary
obligation of the payment or performance of such Indebtedness or other monetary obligation, (iii) to maintain working capital, equity
capital or any other financial statement condition or liquidity or level of income or cash flow of the primary obligor so as to enable
the primary obligor to pay such Indebtedness or other monetary obligation or (iv) entered into for the purpose of assuring in any
other manner the obligee in respect of such Indebtedness or other monetary obligation of the payment or performance thereof or to protect
such obligee against loss in respect thereof (in whole or in part) or (b) any Lien on any assets of such Person securing any Indebtedness
or other monetary obligation of any other Person, whether or not such Indebtedness or other monetary obligation is assumed by such Person
(or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien); provided that the term “Guarantee”
shall not include endorsements for collection or deposit, in either case in the ordinary course of business, or customary or reasonable
indemnity obligations in effect on the Closing Date, or entered into in connection with any acquisition or Disposition of assets permitted
under this Agreement (other than such obligations with respect to Indebtedness). The amount of any Guarantee shall be deemed to be an
amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee
is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing
Person in good faith. The term “Guarantee” as a verb has a corresponding meaning.

 

“Guarantors”
means, collectively, Holdings and, as of the Third Amendment Effective Date, the Subsidiaries of Vertex listed on Schedule 1 and
each other Subsidiary of the Borrowers that executes and delivers a Guaranty or guaranty supplement pursuant to the Guaranty, Sections
6.12 or 6.16, unless it has ceased to be a Guarantor pursuant to the terms hereof.

 

“Guaranty”
means, collectively, the Holdings Guaranty and the Subsidiary Guaranty.

 

    57 

     

    

 

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

 

“Hedge Bank”
means any Person that (i) at the time it enters into a Swap Contract, is a Lender or an Agent or an Affiliate of a Lender or an Agent,
(ii) within thirty (30) days after the time it enters into a Swap Contract, becomes a Lender or an Agent or an Affiliate of a Lender
or an Agent, or (iii) with respect to Swap Contracts in effect as of the Closing Date, is, as of the Closing Date or within thirty
(30) days after the Closing Date, a Lender or an Agent or an Affiliate of a Lender or an Agent, in each case, in its capacity as a party
to such Swap Contract.

 

“Holdings”
has the meaning specified in the introductory paragraph to this Agreement.

 

“Holdings Guaranty”
means the Holdings Guaranty made by Holdings in favor of the Administrative Agent on behalf of the Secured Parties, substantially in the
form of Exhibit E-1.

 

“Honor Date”
has the meaning specified in Section 2.03(d)(i).

 

“IFRS”
means the International Financial Reporting Standards as issued by the International Accounting Standards Board.

 

“Immaterial Subsidiary”
means any Subsidiary of Vertex that, as of the last day of the Test Period most recently then ended, does not have (a) assets (when
combined with the assets of all other Immaterial Subsidiaries, after eliminating intercompany obligations) in excess of 5.0% of Consolidated
Net Tangible Assets of the Borrower Parties or (b) Consolidated EBITDA (when combined with the Consolidated EBITDA of all other Immaterial
Subsidiaries) in excess of 5.0% of the Consolidated EBITDA of the Borrower Parties; provided that, at all times prior to the first
delivery of financial statements pursuant to Section 6.01(a) or (b), this definition shall be applied based on the pro forma
consolidated financial statements of the Borrower Parties delivered to the Administrative Agent prior to the date hereof.

 

“Immediate Family
Member” means with respect to any individual, such individual’s child, stepchild, grandchild or more remote descendant,
parent, stepparent, grandparent, spouse, former spouse, domestic partner, former domestic partner, sibling, mother-in-law, father-in-law,
son-in-law or daughter-in-law (including adoptive relationships), any trust, partnership or other bona fide estate-planning vehicle the
only beneficiaries of which are any of the foregoing individuals, such individual’s estate (or an executor, administrator, heir
or legatee, in each case, acting on their behalf) or any private foundation or fund that is controlled by any of the foregoing individuals
or any donor-advised fund of which any such individual is the donor.

 

“Incomplete Project
Receivables” means those Accounts Receivable of a Loan Party that would constitute an Eligible Accounts Receivable, Eligible
Government Accounts Receivable or Eligible Government Subcontract Accounts Receivable but for the fact that such Accounts Receivable cannot
be invoiced to the underlying Account Debtor until the entire project that gave rise to such Account Receivable has been completed.

 

    58 

     

    

 

“Increase Effective
Date” has the meaning specified in Section 2.14(c).

 

“Incremental Amounts”
means the amount of any unused commitments under the applicable refinanced Indebtedness, Disqualified Stock or Preferred Stock and any
accrued interest, fees, defeasance costs and premium (including call and tender premiums), if any, under the refinanced Indebtedness,
Disqualified Stock or Preferred Stock, and underwriting discounts, fees, commissions and expenses (including original issue discount,
upfront fees and similar items) in connection with the refinancing of the applicable Indebtedness, Disqualified Stock or Preferred Stock
and the incurrence or issuance of the applicable refinancing Indebtedness, Disqualified Stock or Preferred Stock in connection therewith.

 

“Incremental Arranger”
has the meaning specified in Section 2.14(a).

 

“Incremental Equivalent
Debt” has the meaning specified in the first paragraph of Section 7.01.

 

“Incremental Equivalent
Ratio Component Debt” has the meaning specified in the first paragraph of Section 7.01.

 

“Incur”
means, with respect to any Indebtedness, Capital Stock or Lien, to issue, assume, guarantee, incur or otherwise become liable for such
Indebtedness, Capital Stock or Lien, as applicable; provided that any Indebtedness, Capital Stock or Lien of a Person existing
at the time such Person becomes a Subsidiary (whether by merger, amalgamation, consolidation, acquisition or otherwise) shall be deemed
to be Incurred by such Person at the time it becomes a Subsidiary.

 

“Incurrence-Based
Amounts” has the meaning specified in Section 1.11(b).

 

“Indebtedness”
means, with respect to any Person, without duplication:

 

(a)            the
principal of any indebtedness of such Person, whether or not contingent, (i) in respect of borrowed money, (ii) evidenced by
bonds, notes, debentures or similar instruments or letters of credit or bankers’ acceptances (or, without duplication, reimbursement
agreements in respect thereof), (iii) representing the deferred and unpaid purchase price of any property, (iv) in respect of
Capitalized Lease Obligations or (v) representing any Swap Contracts, in each case, if and to the extent that any of the foregoing
Indebtedness (other than letters of credit and Swap Contracts) would appear as a liability on a balance sheet (excluding the footnotes
thereto) of such Person prepared in accordance with GAAP;

 

(b)            to
the extent not otherwise included, any guarantee by such Person of the Indebtedness of another Person (other than by endorsement of negotiable
instruments for collection in the ordinary course of business); and

 

(c)            to
the extent not otherwise included, Indebtedness of another Person secured by a Lien on any asset owned by such Person (whether or
not such Indebtedness is assumed by such Person); provided, however, that the amount of such Indebtedness will be the lesser
of: (a) the Fair Market Value of such asset at such date of determination, and (b) the amount of such Indebtedness of such other
Person.

 

    59 

     

    

 

The term “Indebtedness”
shall not include any prepayments of deposits received from clients or customers in the ordinary course of business or consistent with
past practices, or obligations under any license, permit or other approval (or guarantees given in respect of such obligations) Incurred
prior to the Third Amendment Effective Date or in the ordinary course of business or consistent with past practices.

 

Notwithstanding the above
provisions, in no event shall the following constitute Indebtedness:

 

(i)             Contingent
Obligations Incurred in the ordinary course of business or consistent with past practices;

 

(ii)            [reserved];

 

(iii)           any
balance that constitutes a trade payable, accrued expense or similar obligation to a trade creditor, in each case Incurred in the ordinary
course of business;

 

(iv)           intercompany
liabilities that would be eliminated on the consolidated balance sheet of Vertex and its consolidated Subsidiaries;

 

(v)            prepaid
or deferred revenue arising in the ordinary course of business;

 

(vi)           Cash
Management Services;

 

(vii)          any
earn out obligation, purchase price adjustment or similar obligation until such obligation becomes a liability on the balance sheet (excluding
the footnotes thereto) in accordance with GAAP and is not paid within 30 days after becoming due and payable;

 

(viii)        obligations,
to the extent such obligations would otherwise constitute Indebtedness, under any agreement that have been defeased or satisfied and
discharged pursuant to the terms of such agreement;

 

(ix)           for
the avoidance of doubt, any obligations in respect of workers’ compensation claims, early retirement or termination obligations,
deferred compensatory or employee or director equity plans, pension fund obligations or contributions or similar claims, obligations
or contributions or social security or wage taxes;

 

(x)            Capital
Stock (other than Disqualified Stock and Preferred Stock);

 

(xi)           Non-Finance
Lease Obligations; or

 

(xii)          any
obligations of Borrower and its Restricted Subsidiaries to any Seller Guarantor (as defined in the Purchase Agreement) in respect of
Business Guarantees (as defined in the Purchase Agreement) pursuant to the Purchase Agreement, and any obligation of Borrower and its
Restricted Subsidiaries in respect of Seller Guarantees (as defined in the Purchase Agreement) that are reimbursable to the Borrower
or its Restricted Subsidiaries pursuant to the Purchase Agreement.

 

    60 

     

    

 

Subject to Section 1.02(i), Indebtedness
will not be deemed to include obligations (“Escrowed Obligations”) Incurred in advance of, and the proceeds of which
are to be applied in connection with, the consummation of a transaction solely to the extent the proceeds thereof are and continue to
be held in an escrow, trust, collateral or similar account or arrangement (collectively, an “Escrow”) and are not otherwise
made available to such Person (such indebtedness, “Excluded Indebtedness”). From and after the date on which any Escrow
is established and prior to the date on which the proceeds in which such Escrow have been fully released to Holdings, any other Person
or otherwise, for the purposes of determining whether any Indebtedness is permitted to be Incurred under this Agreement, such determination
shall be made on a Pro Forma Basis assuming the release of proceeds under the Escrow, the use of proceeds thereof (and the consummation
of the associated transactions) and the inclusion of the Excluded Indebtedness.

 

“Indemnified Liabilities”
has the meaning specified in Section 10.05.

 

“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 any Loan Party under any Loan Document and (b) to the extent not otherwise described in (a), all Other Taxes.

 

“Indemnitees”
has the meaning specified in Section 10.05.

 

“Independent Financial
Advisor” means an accounting, appraisal or investment banking firm or consultant, in each case of nationally recognized standing
that is, in the good faith determination of Borrower Representative, qualified to perform the task for which it has been engaged.

 

“Information”
has the meaning specified in Section 10.08.

 

“Initial Field Exam”
has the meaning specified in Section 6.19(b).

 

“Intercompany License Agreement”
means any cost sharing agreement, commission or royalty agreement, license or sub-license agreement, distribution agreement, services
agreement, intellectual property rights transfer agreement or any related agreements, in each case where all the parties to such agreement
are one or more of the Borrower and any Restricted Subsidiary thereof.

 

“intellectual property” means
intellectual property, including all (a) patents, inventions, industrial designs, processes, developments, technology, and know-how;
(b) copyrights and works of authorship in any media, including graphics, advertising materials, labels, package designs, and photographs;
(c) trademarks, service marks, trade names, brand names, corporate names, domain names, logos, trade dress, and other source indicators,
and the goodwill of any business symbolized thereby; and (d) trade secrets, confidential, proprietary, or non public information.

 

“Intellectual Property
Security Agreement” means, collectively, the intellectual property security agreement substantially in the form of Exhibit B
to the Security Agreement, dated the date of this Agreement, together with each other intellectual property security agreement or Intellectual
Property Security Agreement Supplement executed and delivered pursuant to Section 6.12, Section 6.14 or Section 6.16.

 

    61 

     

    

 

“Intellectual Property
Security Agreement Supplement” means, collectively, any intellectual property security agreement supplement entered into in
connection with, and pursuant to the terms of, any Intellectual Property Security Agreement.

 

“Intercompany Subordination
Agreement” means an intercompany subordination agreement, in substantially the form of Exhibit H hereto, or otherwise in
form and substance reasonably satisfactory to the Administrative Agent and the Borrower Representative.

 

“Interest Payment
Date” means, (a) as to any Loan other than a Base Rate Loan, the last day of each Interest Period applicable to such Loan
and the Maturity Date of the Facility under which such Loan was made; provided, however, that if any Interest Period for
a SOFR Rate Loan exceeds three (3) months, the respective dates that fall every three (3) months after the beginning of such
Interest Period shall also be Interest Payment Dates; and (b) as to any Base Rate Loan, the last Business Day of each March, June,
September and December, and the Maturity Date of the Facility under which such Loan was made, commencing September 30, 2018.

 

“Interest Period”
means, as to each SOFR Rate Loan, the period commencing on the date such SOFR Rate Loan is disbursed or converted to or continued as a
SOFR Rate Loan and ending on the date one (1), three (3) or six (6) months thereafter, or to the extent consented to by all
applicable Lenders, twelve (12) months thereafter (or, such shorter interest period as may be agreed to by all applicable Lenders) as
selected by the Borrower Representative in a Committed Loan Notice (in each case, subject to the availability thereof); provided
that:

 

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

 

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

 

(c)            no
Interest Period shall extend beyond the scheduled Maturity Date of the Facility under which such Loan was made; and

 

(d)            no
tenor that has been removed from this definition pursuant to Section 1.13(a)(iv) shall be available.

 

“Inventory”
means, with respect to any Person, all goods and merchandise of such Person leased or held for sale by such Person, including, without
limitation, all raw materials, work-in-process and finished goods, and all packaging, supplies and materials of every nature used or usable
in connection with the shipping, storing, advertising or sale of such goods and merchandise, whether now owned or hereafter acquired,
and all such other property the sale or other disposition of which would give rise to an Account Receivable or cash.

 

    62 

     

    

 

“Investment”
means, with respect to any Person, (i) all investments by such Person in other Persons (including Affiliates) in the form of (a) loans
(including guarantees of Indebtedness), (b) advances or capital contributions (excluding accounts receivable, trade credit and advances
or other payments made to customers, dealers, suppliers and distributors and payroll, commission, travel and similar advances to officers,
directors, managers, employees consultants and independent contractors made in the ordinary course of business), and (c) purchases
or other acquisitions for consideration of Indebtedness, Equity Interests or other securities issued by any other Person and (ii) investments
that are required by GAAP to be classified on the balance sheet of Vertex in the same manner as the other investments included in clause
(i) of this definition to the extent such transactions involve the transfer of cash or other property; provided that Investments
shall not include, in the case of the Borrower Parties, intercompany loans, advances, or Indebtedness having a term not exceeding 364
days (inclusive of any roll-over or extensions of terms) and made in the ordinary course of business. If any Borrower or any Restricted
Subsidiary sells or otherwise disposes of any Equity Interests of any Restricted Subsidiary, or any Restricted Subsidiary issues any Equity
Interests, in either case, such that, after giving effect to any such sale or disposition, such Person is no longer a Subsidiary of Vertex,
Vertex shall be deemed to have made an Investment on the date of any such sale or other disposition equal to the Fair Market Value of
the Equity Interests of and all other Investments in such Restricted Subsidiary retained. In no event shall a guarantee of an operating
lease or Non-Financing Lease Obligations of any Borrower or any Restricted Subsidiary be deemed an Investment. For purposes of the definition
of “Unrestricted Subsidiary” and Section 7.05:

 

(1)            “Investments”
shall include the portion (proportionate to Vertex’s equity interest in such Subsidiary) of the Fair Market Value of the net assets
of a Subsidiary of Vertex at the time that such Subsidiary is designated an Unrestricted Subsidiary; provided, however,
that upon a redesignation of such Subsidiary as a Restricted Subsidiary, Vertex shall be deemed to continue to have a permanent “Investment”
in an Unrestricted Subsidiary in an amount (if positive) equal to:

 

(a)            Vertex’s
 “Investment” in such Subsidiary at the time of such redesignation; less

 

(b)            the
portion (proportionate to Vertex’s equity interest in such Subsidiary) of the Fair Market Value of the net assets of such Subsidiary
at the time of such redesignation; and

 

(2)            any
property transferred to or from an Unrestricted Subsidiary shall be valued at its Fair Market Value at the time of such transfer.

 

The amount of any Investment
outstanding at any time (including for purposes of calculating the amount of any Investment outstanding at any time under any provision
of Section 7.05 and otherwise determining compliance with Section 7.05) shall be the original cost of such Investment (determined,
in the case of any Investment made with assets of any Borrower or any Restricted Subsidiary, based on the Fair Market Value of the assets
invested and without taking into account subsequent increases or decreases in value), reduced by any dividend, distribution, interest
payment, return of capital, repayment or other amount received in cash by any Borrower or a Restricted Subsidiary in respect of such Investment
and shall be net of any Investment by such Person in any Borrower or any Restricted Subsidiary.

 

    63 

     

    

 

“Investment Grade
Rating” means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P,
or an equivalent rating by any other “nationally recognized statistical rating organization” within the meaning of Section 3
under the Exchange Act selected by Vertex as a replacement agency for Moody’s or S&P, as the case may be.

 

“Investment Grade
Securities” means:

 

(1)            securities
issued or directly and guaranteed or insured by the U.S. government or any agency or instrumentality thereof (other than Cash Equivalents),

 

(2)            securities
that have an Investment Grade Rating, but excluding any debt securities or instruments constituting loans or advances among Vertex and
its Subsidiaries,

 

(3)            investments
in any fund that invests at least 95.0% of its assets in investments of the type described in clauses (1) and (2) above and
clause (4) below which fund may also hold immaterial amounts of cash pending investment and/or distribution, and

 

(4)            corresponding
instruments in countries other than the United States customarily utilized for high quality investments and in each case with maturities
not exceeding two years from the date of acquisition.

 

“IP Rights”
has the meaning specified in Section 5.16.

 

“Investors”
has the meaning specified in the definition of “Transactions”.

 

“IP Cross-License
Agreement” the IP Cross-License Agreement (as defined in the Purchase Agreement), to be entered into on or prior to the Third
Amendment Effective Date, as amended, restated, amended and restated, modified or supplemented from time to time.

 

“IRS” means
the United States Internal Revenue Service.

 

“Japanese Yen”
and “¥” means freely transferable lawful money of Japan.

 

“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 and to which such
Letter of Credit is subject).

 

“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 applicable L/C Issuer and the applicable Borrower (or, if applicable, a Restricted Subsidiary) or in favor of such L/C Issuer
and relating to such Letter of Credit.

 

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“joint venture”
means any joint venture or similar arrangement (in each case, regardless of legal formation), including but not limited to collaboration
arrangements, profit sharing arrangements or other contractual arrangements.

 

“Judgment Currency”
has the meaning specified in Section 10.23.

 

“Junior Financing”
has the meaning specified in Section 7.05(3).

 

“Junior Financing
Document” means any documentation governing any Junior Financing.

 

“JV Distribution”
means, at any time, 50% of the aggregate amount of all cash dividends or distributions received by any Borrower Party as a return on an
Investment in a Permitted Joint Venture during the period from the Third Amendment Effective Date through the end of the fiscal quarter
most recently ended for which financial statements are internally available; provided that no Borrower Party is required to reinvest
such dividends or distributions in the Permitted Joint Venture.

 

“KC-10 Project”
means the KC-10 project currently being performed by the Vertex division of the Loan Parties.

 

“Latest Maturity
Date” means, at any date of determination, the latest maturity or expiration date applicable at such time under this Agreement,
as extended in accordance with this Agreement from time to time.

 

“Laws”
means, collectively, all applicable international, foreign, federal, state and local statutes, treaties, rules, guidelines, regulations,
ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by
any Governmental Authority charged with the enforcement, interpretation or administration thereof, and all applicable administrative orders,
directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority.

 

“L/C Advance”
means, with respect to each Lender, such Lender’s funding in Dollars of its participation in any L/C Borrowing in accordance with
its applicable Pro Rata Share.

 

“L/C Borrowing”
means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed by the applicable Borrower(s) on
the date required under Section 2.03(d)(i) or refinanced as a Borrowing.

 

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

 

“L/C Issuer”
means (a) RBC in its capacity as an issuer of Letters of Credit hereunder (it being understood that RBC shall not be obligated to
issue any letters of credit hereunder other than standby letters of credit) and (b) any other Lender reasonably acceptable to the
Borrowers and the Administrative Agent (which consent shall not be unreasonably withheld, delayed or conditioned) that agrees to issue
Letters of Credit pursuant hereto, in each case in its capacity as an issuer of Letters of Credit hereunder, or any successor issuer of
Letters of Credit hereunder.

 

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“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. 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 (a) any amount may still be drawn thereunder by reason of the operation of Rule 3.13
or 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, or (b) any drawing was made thereunder on or before the last day permitted thereunder and such drawing has not been
honored or refused by the applicable L/C Issuer, such Letter of Credit shall be deemed to be “outstanding” in the amount of
such drawing.

 

“Legal Reservations”
means:

 

(a)            the
principle that equitable remedies may be granted or refused at the discretion of a court, the limitation of enforcement by laws relating
to insolvency, bankruptcy, liquidation, judicial management, reorganization, court schemes, moratoria, administration and other laws generally
affecting the rights of creditors and similar principles or limitations under the laws of any applicable jurisdiction;

 

(b)            the
time barring of claims under applicable limitation laws, the possibility that an undertaking to assume liability for or indemnify a person
against non-payment of stamp duty may be void and defenses of set-off or counterclaim and similar principles or limitations under the
laws of any applicable jurisdiction;

 

(c)            any
general principles, reservations or qualifications, in each case as to matters of law as set out in any legal opinion delivered to the
Administrative Agent in connection with any provision of any Loan Document;

 

(d)            the
principle that any additional interest imposed under any relevant agreement may be held to be unenforceable on the grounds that it is
a penalty and thus void;

 

(e)            with
respect to any Foreign Subsidiary, the principle that in certain circumstances security granted by way of fixed charge may be characterized
as a floating charge or that security purported to be constituted by way of an assignment may be recharacterized as a charge;

 

(f)             the
principle that a court may not give effect to an indemnity for legal costs incurred by an unsuccessful litigant;

 

(g)            the
principle that the creation or purported creation of security over any contract or agreement which is subject to a prohibition against
transfer, assignment or charging may be void, ineffective or invalid and may give rise to a breach entitling the contracting party to
terminate or take any other action in relation to such contract or agreement;

 

(h)            provisions
of a contract being invalid or unenforceable for reasons of oppression or undue influence; and

 

(i)             similar
principles, rights and defenses under the laws of any relevant jurisdiction.

 

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“Lender”
has the meaning specified in the introductory paragraph to this Agreement and, as the context requires, includes each L/C Issuer and the
Swingline Lender.

 

“Lending Office”
means, as to any Lender, the office or offices of such Lender described as such in such Lender’s Administrative Questionnaire, or
such other office or offices as a Lender may from time to time notify the Borrowers and the Administrative Agent.

 

“Letter of Credit”
means any letter of credit issued hereunder. A Letter of Credit may be a commercial letter of credit or a standby letter of credit; provided
that RBC shall only be required to issue standby letters of credit. Letters of Credit shall only be available in Dollars and such other
currencies as may be agreed to by the L/C Issuer.

 

“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 applicable L/C Issuer, which, as of the Closing Date, is substantially in the form of Exhibit A-2 hereto.

 

“Letter of Credit
Expiration Date” means, subject to Section 2.03(a)(ii)(C), the day that is three (3) Business Days prior to the scheduled
Maturity Date then in effect for the Revolving Credit Facility (or, if such day is not a Business Day, the next preceding Business Day).

 

“Letter of Credit
Sublimit” means a Dollar Amount equal to $15,000,000. The Letter of Credit Sublimit is part of, and not in addition to, the
Facility.

 

“Lien”
means, with respect to any asset, any mortgage, lien, pledge, hypothecation, charge, security interest, preference, priority or encumbrance
of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law (including any conditional
sale or other title retention agreement, any lease in the nature thereof, any option or other agreement to give a security interest in
and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent or similar statutes) of
any jurisdiction); provided that in no event shall an operating lease (or any precautionary filing made in connection therewith)
or an agreement to sell be deemed to constitute a Lien.

 

“Limited Purpose
Subsidiary” has the meaning specified in the definition of “Excluded Property.”

 

“Loan”
means an extension of credit by a Lender to the applicable Borrower(s) under Article II in the form of a Revolving Credit Loan
or a Swingline Loan.

 

“Loan Account”
means an account maintained hereunder by the Administrative Agent on its books of account with respect to the Borrowers, in which the
Borrowers will be charged with all Loans made to, and all other Obligations incurred by, the Borrowers.

 

“Loan Cap”
means a Dollar Amount, as of any date of determination, equal to the lesser of (a) the Borrowing Base as in effect on such date and
(b) the Revolving Credit Commitments on such date.

 

“Loan Documents”
means, collectively, (i) this Agreement, (ii) the Notes, (iii) the Guaranty, (iv) the Collateral Documents, (v) the
Intercompany Subordination Agreement, (vi) the ABL Intercreditor Agreement, (vii) any other intercreditor agreement required
to be entered into pursuant to the terms of this Agreement and (viii) any agreement creating or perfecting rights in Cash Collateral
pursuant to the provisions of Section 2.16 of this Agreement.

 

    67 

     

    

 

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

 

“Management Agreement”
means that certain Management Services Agreement, dated as of June 29, 2018, among Vertex, Holdings, the other parties thereto and
AIP Manager, as the same may be amended, restated, supplemented or otherwise modified from time to time to the extent such amendment,
restatement, supplement or other modification is not materially disadvantageous to the Lenders; provided that any amendment, restatement,
supplement or other modification thereof that adds (i) a management, consulting, monitoring, advisory or similar fee payable to the
AIP Manager or any Affiliate thereof in an amount not to exceed $2,500,000 in any fiscal year or (ii) customary transaction fees,
expense reimbursement or indemnities in favor of the AIP Manager or any Affiliate thereof shall, in each case, be deemed not to be materially
disadvantageous to the Lenders.

 

“Margin Stock”
has the meaning assigned to such term in Regulation U of the Board as from time to time in effect.

 

“Market Capitalization”
means an amount equal to (1) the total number of issued and outstanding shares of common Capital Stock of Holdings or any applicable
Parent Holding Company, as applicable, on the date of the declaration of a Restricted Payment multiplied by (2) the arithmetic mean
of the closing prices per share of such common Equity Interests on the principal securities exchange on which such common Equity Interests
are traded for the 30 consecutive trading days immediately preceding the date of declaration of such Restricted Payment.

 

“Market Intercreditor
Agreement” means, to the extent executed in connection with the Incurrence of any Indebtedness (a) the ABL Intercreditor
Agreement or (b) another customary intercreditor agreement in form and substance reasonably acceptable to the Administrative Agent,
the Collateral Agent and the Borrower Representative, which agreement shall provide that (i) the Liens on the ABL Priority Collateral
securing such Indebtedness shall rank junior in priority to the Liens on the ABL Priority Collateral securing the Obligations and (ii) the
Liens on the Term Loan Priority Collateral securing such Indebtedness shall rank senior, pari passu or junior to the Liens on the Term
Loan Priority Collateral securing the Obligations

 

“Material Adverse
Effect” means (a) a material adverse effect on the business, financial condition or results of operations of the Borrower
Parties, taken as a whole, (b) a material adverse effect on the ability of the Loan Parties (taken as a whole) to perform their respective
payment obligations under the Loan Documents or (c) a material adverse effect on the rights or remedies, taken as a whole, of the
Agents or the Lenders under the Loan Documents.

 

“Material Intellectual
Property or Contracts” has the meaning set forth in Section 7.04.

 

“Material Real Property”
means any parcel of real property (other than a parcel with a Fair Market Value as of the Third Amendment Effective Date (or, in the case
of after-acquired property, as of the date of acquisition thereof) of less than $16,000,000 and other than a parcel constituting Excluded
Property) owned in fee by a Loan Party and located in the United States.

 

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“Maturity Date”
means, with respect to the Revolving Credit Facility, the earlier of (a) June 29, 2026 and (b) the date of termination
in whole of the Revolving Credit Commitments pursuant to Section 2.06(a) or 8.02; provided that the reference to Maturity
Date with respect to (i) Revolving Credit Commitments that are the subject of a loan modification offer pursuant to Section 10.01
and (ii) Revolving Credit Commitments that are incurred pursuant to Section 2.14 shall, in each case, be the final maturity
date as specified in the loan modification documentation, incremental documentation, or specified refinancing documentation, as applicable
thereto;  provided further, in each case, that if such day is not a Business Day, the applicable Maturity Date shall be the Business
Day immediately preceding such day.

 

“Maximum Leverage
Requirement” means, with respect to any Indebtedness, the requirement that, on a Pro Forma Basis, after giving effect to such
increase and the use of proceeds thereof, (i) with respect to any such Indebtedness secured by all or any portion of the Collateral
that ranks, with respect to the Term Priority Collateral, on a senior basis to the Liens securing the Second Lien Obligations with respect
to the Term Loan Priority Collateral (provided that such Indebtedness shall rank on a junior lien basis to the Liens securing the Obligations
with respect to the ABL Priority Collateral), (x) the Consolidated First Lien Net Leverage Ratio does not exceed 4.25 to 1.00 or
(y) if such Indebtedness is Incurred in connection with an Investment, the Consolidated First Lien Net Leverage Ratio does not exceed
the greater of (I) 4.25 to 1.00 and (II) the Consolidated First Lien Net Leverage Ratio immediately prior to the consummation
of such Investment, (ii) with respect to any such Indebtedness secured by the Collateral (provided that such Indebtedness shall rank
on a “junior” lien basis to the Liens securing the Obligations with respect to the ABL Priority Collateral), (y)(I) the
Consolidated Secured Net Leverage Ratio does not exceed 5.50 to 1.00 or (II) if such Indebtedness is Incurred in connection with
an Investment, the Consolidated Secured Net Leverage Ratio does not exceed the greater of (A) 5.50 to 1.00 and (B) the Consolidated
Secured Net Leverage Ratio immediately prior to the consummation of such Investment and (iii) with respect to any such Indebtedness
that is unsecured or secured solely by a Lien on assets that are not Collateral, either (x)(I) the Consolidated Interest Coverage
Ratio is not less than 2.00 to 1.00 or (II) if such Indebtedness is Incurred in connection with an Investment, the Consolidated Interest
Coverage Ratio is not less than the lower of (A) 2.00 to 1.00 and (B) the Consolidated Interest Coverage Ratio immediately prior
to the consummation of such Investment or (y)(I) the Consolidated Total Net Leverage Ratio does not exceed 6.00 to 1.00 or (II) if
such Indebtedness is Incurred in connection with an Investment, the Consolidated Total Net Leverage Ratio does not exceed the greater
of (A) 6.00 to 1.00 and (B) the Consolidated Total Net Leverage Ratio immediately prior to the consummation of such Investment;
provided, that solely for the purpose of calculating the Consolidated First Lien Net Leverage Ratio, Consolidated Secured Net Leverage
Ratio and Consolidated Total Net Leverage Ratio pursuant to this definition, any cash proceeds from Indebtedness then being Incurred shall
be excluded for purposes of cash netting.

 

“Maximum Rate”
has the meaning specified in Section 10.10.

 

“Merger”
has the meaning specified in the Fourth Amendment.

 

    69 

     

    

 

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

 

“Mortgage”
means, collectively, the deeds of trust, trust deeds, deeds to secure debt and mortgages in respect of Mortgaged Properties in the United
States made by the Loan Parties in favor or for the benefit of the Collateral Agent on behalf of the Secured Parties in form and substance
reasonably satisfactory to the Borrowers and Administrative Agent, in each case as the same may be amended, amended and restated, extended,
supplemented, substituted or otherwise modified from time to time.

 

“Mortgage Policies”
has the meaning specified in Section 6.14(ii).

 

“Mortgaged Properties”
means the parcels of real property identified on Schedule 4 of the Perfection Certificate and any Material Real Property with respect
to which a Mortgage is required pursuant to Section 6.12 or 6.14.

 

“Multiemployer Plan”
means a “multiemployer plan” as defined in Section 4001(a)(3) of ERISA, to which any Loan Party or any ERISA Affiliate
makes or is obligated to make contributions.

 

“Net Amount of Eligible
Accounts Receivable, Eligible Government Accounts Receivable and Eligible Government Subcontract Accounts Receivable” means
the aggregate unpaid invoice amount of Eligible Accounts Receivable, Eligible Government Accounts Receivable, or Eligible Government Subcontract
Accounts Receivable, in either case, less, without duplication, sales, excise or similar taxes, returns, discounts, chargebacks, claims,
advance payments, credits and allowances of any nature at any time issued, owing, granted, outstanding, available or claimed with respect
to such Eligible Accounts Receivable, Eligible Government Accounts Receivable, or Eligible Government Subcontract Accounts Receivable.

 

“Net Amount of Eligible
Unbilled Accounts Receivable” means the aggregate unpaid amount of Eligible Unbilled Accounts Receivable less, without duplication,
sales, excise or similar taxes, returns, discounts, chargebacks, claims, advance payments, credits and allowances of any nature at any
time issued, owing, granted, outstanding, available or claimed with respect to such Eligible Unbilled Accounts Receivable.

 

“Non-Consenting Lender”
has the meaning specified in Section 3.08(c).

 

“Non-Defaulting Lender”
means any Lender other than a Defaulting Lender.

 

“Non-Extended Loans
and Commitments” has the meaning specified in Section 10.01.

 

“Non-KC-10 Projects”
means all projects (other than the KC-10 project) performed by the Vertex division of the Loan Parties.

 

“Non-Loan Party”
means any Restricted Subsidiary of Vertex that is not a Loan Party.

 

“Note”
means a Revolving Credit Note or Swingline Note.

 

“NPL” means
the National Priorities List under CERCLA.

 

    70 

     

    

 

“Obligations”
means all advances to, and debts, liabilities, obligations, covenants and duties of, any Loan Party arising under any Loan Document or
otherwise with respect to any Loan, Letter of Credit, Secured Cash Management Agreement or Secured Hedge 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, fees expenses and other amounts that accrue after the commencement by or against any Loan Party of any proceeding
under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest, fees, expenses
and other amounts are allowed claims in such proceeding; provided that (a) obligations of any Loan Party under any Secured
Cash Management Agreement or Secured Hedge Agreement shall be secured and guaranteed pursuant to the Collateral Documents only to the
extent that, and for so long as, the other Obligations are so secured and guaranteed, (b) any release of Collateral or Guarantors
effected in the manner permitted by this Agreement shall not require the consent of holders of obligations under Secured Hedge Agreements
or Secured Cash Management Agreements and (c) the Obligations with respect to any Guarantor shall not include Excluded Swap Obligations
of such Guarantor. Without limiting the generality of the foregoing, the Obligations of the Loan Parties under the Loan Documents include
(a) the obligation to pay principal, interest, Letter of Credit commissions, charges, expenses, fees, indemnities and other amounts
payable by any Loan Party under any Loan Document and (b) the obligation of any Loan Party to reimburse any amount in respect of
any of the foregoing pursuant to Section 10.04.

 

“OFAC”
has the meaning specified in the definition of “Sanctions Laws and Regulations”.

 

“Organization Documents”
means (a) with respect to any corporation, the certificate or articles of incorporation and the bylaws (or equivalent or comparable
constitutive documents with respect to any non-U.S. jurisdiction), (b) with respect to any limited liability company, the certificate
or articles of formation or organization and operating or limited liability company agreement (or equivalent or comparable constitutive
documents with respect to any non-U.S. jurisdiction) and (c) with respect to any partnership, joint venture, trust or other form
of business entity, the partnership, joint venture, trust 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 with the applicable Governmental
Authority in the jurisdiction of its formation or organization and, if applicable, any certificate or articles of formation or organization
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 LC”
has the meaning specified in Section 2.03(c)(v).

 

“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 both (i) imposed with respect to an assignment
(other than an assignment made pursuant to Section 3.08) and (ii) Other Connection Taxes.

 

    71 

     

    

 

“Outstanding Amount”
means: (a) with respect to any Revolving Credit Loans on any date, the aggregate outstanding principal Dollar Amount thereof after
giving effect to any borrowings and prepayments or repayments of such Revolving Credit Loans (including any refinancing of outstanding
unpaid drawings under Letters of Credit or L/C Credit Extensions as a Borrowing), as the case may be, occurring on such date; (b) with
respect to any Swingline Loans on any date, the aggregate outstanding principal Dollar Amount thereof after giving effect to any borrowings
and prepayments or repayments of such Swingline Loans, as the case may be, occurring on such date and (c) with respect to any L/C
Obligations on any date, the Dollar 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 Dollar Amount of the L/C Obligations as of such date, including as a result of any
reimbursements of outstanding unpaid drawings under any Letters of Credit (including any refinancing of outstanding unpaid drawings under
Letters of Credit or L/C Credit Extensions as a Borrowing) or any reductions in the maximum amount available for drawing under Letters
of Credit taking effect on such date.

 

“Parent Holding Company”
means any direct or indirect parent entity of Holdings which holds (or together with other Parent Holding Companies holds) directly or
indirectly 100% of the Equity Interests of Holdings.

 

“Participant”
has the meaning specified in Section 10.07(d).

 

“Participant Register”
has the meaning specified in Section 10.07(m).

 

“Participating Member
State” means each state as described in any EMU Legislation.

 

“PATRIOT Act”
has the meaning specified in Section 10.22.

 

“Payment Conditions”
means, at any time of determination, no Specified Default shall have occurred and be continuing or would result from any specified event,
and either (i) Excess Availability would on a Pro Forma Basis be at least the greater of (x) $12,500,000 and (y) 12.5%
of the Loan Cap (except for Restricted Payments (other than Restricted Investments), which shall be (x) $15,000,000 and (y) 15.0%)
and the Fixed Charge Coverage Ratio would be at least 1.00 to 1.00 on a Pro Forma Basis, in each case with respect to this clause (i) with
respect to Excess Availability, over the thirty (30) day period prior to the proposed transaction or (ii) Excess Availability would
on a Pro Forma Basis be at least the greater of (x) $17,500,000 and (y) 17.5% of the Loan Cap (except for Restricted Payments
(other than Restricted Investments), which shall be (x) $20,000,000 and (y) 20.0%), in each case with respect to this clause
(ii) with respect to Excess Availability, over the thirty (30) day period prior to the proposed transaction.

 

“Payment Notice”
has the meaning assigned to it in Section 9.18(a).

 

“Payment Recipient”
has the meaning assigned to it in Section 9.18(a).

 

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“PBGC”
means the Pension Benefit Guaranty Corporation.

 

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

 

“Perfection Certificate”
means the Perfection Certificate, dated as of the Third Amendment Effective Date, with respect to Borrowers and the other Loan Parties
in a form reasonably satisfactory to the Administrative Agent and Borrowers.

 

“Perfection Exceptions”
means that (a) with respect to any Collateral located in the United States, no Loan Party shall be required to (i) perfect any
pledge, security interest or mortgage other than by, as applicable, (1) the filing of a UCC-1 financing statement, (2) the filing
in any applicable real estate records in the United States with respect to any mortgaged property or any fixture relating to any mortgaged
property, (3) the filing of intellectual property security agreements the United States Copyright Office or the United States Patent
and Trademark Office with respect to intellectual property, (4) delivering Pledged Interests and the Pledged Debt (as defined in
the Security Agreement), (5) the applicable filings with respect to Assigned Agreements (as defined in the Security Agreement) and
(6) enter into control agreements with respect to, or otherwise perfect any security interest by “control” (or similar
arrangements) over securities accounts, deposit accounts, other bank accounts, cash and cash equivalents and accounts related to the clearing,
payment processing and similar operations of Vertex and the Restricted Subsidiaries, (ii) enter into any source code escrow arrangement
or register any intellectual property, (iii) send notices to account debtors or other contractual third-parties unless an Event of
Default has not been cured or waived and is continuing and the Administrative Agent has exercised its rights pursuant to Section 8.02
of this Agreement, (iv) (a) enter into any security documents to be governed by the law of any jurisdiction in which assets
are located other than the United States or any state thereof (or the District of Columbia) or (b) create any security interests
in assets located, titled, registered or filed outside of the United States or any state thereof (or the District of Columbia) or to perfect
such security interests (provided that this clause (iv) shall not be deemed to apply to any Foreign Subsidiary that is a Guarantor
with respect to foreign jurisdictions to be mutually agreed between the Borrower and the Administrative Agent or any Equity Interests
of any Foreign Subsidiary that is a Guarantor), (v) subject to clause (i) of the definition of “Eligible Inventory”,
deliver landlord waivers, estoppels or collateral access letters or (vi) except as provided in Section 6.21 or the Security
Agreement, take any action with respect to contract rights arising under any agreement with governmental agencies of the United States
of America or otherwise comply with, or deliver any documents, agreements or instruments in connection with, the FACA Requirements.

 

“Periodic Term SOFR
Determination Day” has the meaning specified in the definition of “Term SOFR”.

 

“Permitted Asset
Swap” means the substantially concurrent purchase and sale or exchange of Related Business Assets or a combination of Related
Business Assets and cash or Cash Equivalents between Holdings or any of its Restricted Subsidiaries and another Person; provided
that any cash or Cash Equivalents received must be applied in accordance with Section 7.04.

 

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“Permitted
Credit Facilities” means Indebtedness in an outstanding aggregate principal amount not to exceed (i) $1,100,000,000, plus
(ii) the aggregate principal amount of Indebtedness permitted to be incurred pursuant to Sections 2.14 or 2.15 of the First Lien
Credit Agreement or the Second Lien Credit Agreement, each as in effect on the Third Amendment Effective Date or in the form of Incremental
Equivalent Debt (as defined in the First Lien Credit Agreement or the Second Lien Credit Agreement, each as in effect on the Third Amendment
Effective Date), plus (iii) any Incremental Amounts Incurred in connection with the refinancing or exchange of such
Indebtedness set forth in clauses (i) and (ii) above.

 

“Permitted Debt”
has the meaning specified in Section 7.01.

 

“Permitted Discretion”
means reasonable (from the perspective of a secured asset-based lender) business judgment exercised in good faith in accordance with customary
business practices of the applicable Agent for comparable asset-based lending transactions.

 

“Permitted Earlier
Maturity Debt” means at the option of the Borrower Representative (in its sole discretion), Indebtedness incurred with
a final maturity date prior to the earliest maturity date otherwise expressly required under this Agreement with respect to such Indebtedness
and/or a Weighted Average Life to Maturity shorter than the minimum Weighted Average Life to Maturity otherwise expressly required under
this Agreement with respect to such Indebtedness in an aggregate outstanding principal amount not to exceed the greater of (a) $206,000,000
and (b) 100.0% of Consolidated EBITDA of the Borrower Parties for the most recently ended Test Period (calculated on a Pro Forma
Basis), in each case, solely to the extent the final maturity date of such Indebtedness is expressly restricted from occurring prior to
such earliest maturity date, or the Weighted Average Life to Maturity of such Indebtedness is expressly restricted from being shorter
than the minimum Weighted Average Life otherwise required, under the applicable Basket.

 

“Permitted Holders”
means each of (a) the Sponsor, (b) current, future and former managers and members of management of Holdings (or any Permitted
Parent (other than clause (b) of the definition thereof)) or its Subsidiaries that have ownership interests in Holdings (or such
Permitted Parent (other than clause (b) of the definition thereof)), (c) any other beneficial owner in the common equity of
Holdings (or such Permitted Parent (other than clause (b) of the definition thereof)) as of the Third Amendment Effective Date or
any Person identified to the Administrative Agent prior to the Third Amendment Effective Date to which common equity of Holdings (or such
Permitted Parent) will be transferred after the Third Amendment Effective Date, (d) any group (within the meaning of Rule 13d-5
under the Exchange Act) of which any of the Persons described in clauses (a), (b) or (c) above are members (and, in each case,
with respect to any such Person that is a natural person, his or her Immediate Family Members); provided that, without giving effect
to the existence of such group or any other group, any of the Persons described in clauses (a), (b) and (c), collectively, beneficially
own Voting Stock representing 50% or more of the total voting power of the Voting Stock of Holdings (or any Permitted Parent (other than
clause (b) of the definition thereof)) then held by such group, and (e) any Permitted Parent.

 

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“Permitted Investments”
means:

 

(1)            any
Investment in cash and Cash Equivalents or Investment Grade Securities and Investments that were Cash Equivalents or Investment Grade
Securities when made;

 

(2)            any
Investment in any Borrower or any Restricted Subsidiary;

 

(3)            [reserved];

 

(4)            any
Investment by any Borrower or any Restricted Subsidiary in a Person that is primarily engaged in a Similar Business if as a result of
such Investment (a) such Person becomes a Restricted Subsidiary, or (b) such Person, in one transaction or a series of related
transactions, is merged, consolidated or amalgamated with or into, or transfers or conveys all or substantially all of its assets constituting
a business unit, a line of business or a division of such Person to, or is liquidated into, a Borrower or a Restricted Subsidiary (and
any Investment held by such Person that was not acquired by such Person in contemplation of so becoming a Restricted Subsidiary or in
contemplation of such merger, consolidation, amalgamation, transfer, conveyance or liquidation); provided that no Specified Event of Default
shall exist at the time of the consummation of such Investment;

 

(5)            any
Investment in securities or other assets received in connection with an Asset Sale made pursuant to Section 7.04 or any other Disposition
of assets not constituting an Asset Sale;

 

(6)            any
Investment (x) existing on the Third Amendment Effective Date and, in the case of Investments having a Fair Market Value in excess
of $16,000,000, listed on Schedule 7.05, (y) made pursuant to binding commitments in effect on the Third Amendment Effective Date
or (z) that replaces, refinances, refunds, renews or extends any Investment described under either of the immediately preceding clauses
(x) or (y); provided that any such Investment is in an amount that does not exceed the amount replaced, refinanced, refunded,
renewed or extended, except as contemplated pursuant to the terms of such Investment in existence on the Third Amendment Effective Date
or as otherwise permitted under this definition or otherwise under Section 7.05;

 

(7)            loans
and advances to, or guarantees of Indebtedness of, employees, directors, officers, managers, consultants or independent contractors in
an aggregate amount, taken together with all other Investments made pursuant to this clause (7) that are at the time outstanding,
not in excess of the greater of (x) $16,000,000 and (y) 7.5% of Consolidated EBITDA of the Borrower Parties outstanding at any
one time in the aggregate;

 

(8)            loans
and advances to officers, directors, employees, managers, consultants and independent contractors for business related travel and entertainment
expenses, moving and relocation expenses and other similar expenses, in each case in the ordinary course of business, and loans and advances
to officers, directors, employees, managers, consultants and independent contractors to fund such Person’s purchase of Equity Interests
of Vertex or any Parent Holding Company thereof;

 

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(9)              any
Investment (x) acquired by any Borrower or any Restricted Subsidiary (a) in exchange for any other Investment or accounts receivable
held by any Borrower or any such Restricted Subsidiary in connection with or as a result of a bankruptcy, workout, reorganization or recapitalization
of any Borrower or any such Restricted Subsidiary of such other Investment or accounts receivable, or (b) as a result of a foreclosure
or other remedial action by any Borrower or any of its Restricted Subsidiaries with respect to any Investment or other transfer of title
with respect to any Investment in default and (y) received in compromise or resolution of (A) obligations of trade creditors
or customers that were incurred in the ordinary course of business of any Borrower or any Restricted Subsidiary, including pursuant to
any plan of reorganization or similar arrangement upon the bankruptcy or insolvency of any trade creditor or customer, or (B) litigation,
arbitration or other disputes;

 

(10)            Swap
Contracts and cash management services permitted under Section 7.01(j);

 

(11)            any
Investment by any Borrower or any Restricted Subsidiary in a Similar Business (other than an Investment in an Unrestricted Subsidiary)
in an aggregate amount, taken together with all other Investments made pursuant to this clause (11) that are at the time outstanding,
not to exceed the greater of (x) $93,000,000 and (y) 45.0% of Consolidated EBITDA of the Borrower Parties; provided,
however, that if any Investment pursuant to this clause (11) is made in any Person that is not a Restricted Subsidiary at the date
of the making of such Investment and such Person becomes a Restricted Subsidiary after such date, such Investment shall thereafter be
deemed to have been made pursuant to clause (2) above and shall cease to have been made pursuant to this clause (11) for so long
as such Person continues to be a Restricted Subsidiary;

 

(12)            Investments
by any Borrower or any of its Restricted Subsidiaries in an aggregate amount, taken together with all other Investments made pursuant
to this clause (12) that are at the time outstanding, not to exceed the greater of (x) $103,000,000 and (y) 50.0% of Consolidated
EBITDA of the Borrower Parties; provided, however, that if any Investment pursuant to this clause (12) is made in any Person
that is not a Restricted Subsidiary at the date of the making of such Investment and such Person becomes a Restricted Subsidiary after
such date, such Investment shall thereafter be deemed to have been made pursuant to clause (2) above and shall cease to have been
made pursuant to this clause (12) for so long as such Person continues to be a Restricted Subsidiary;

 

(13)            any
transaction to the extent it constitutes an Investment that is permitted and made in accordance with the provisions of Section 6.18(b) (except
transactions described in clause (2), (3), (4), (8), (13) or (14) of such Section 6.18(b));

 

(14)            Investments
the payment for which consists of Equity Interests (other than Excluded Equity) of Vertex or any direct or indirect parent of Vertex,
as applicable; provided, however, that such Equity Interests will not increase the amount available for Restricted Payments
under clause (c) of the first paragraph of Section 7.05 or be available to Incur Contribution Indebtedness;

 

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(15)            Investments
consisting of the leasing, licensing, sublicensing or contribution of intellectual property in the ordinary course of business or pursuant
to joint marketing arrangements with other Persons;

 

(16)            Investments
consisting of purchases or acquisitions of inventory, supplies, materials and equipment or purchases, acquisitions, licenses, sublicenses
or leases or subleases of intellectual property, or other rights or assets, in each case in the ordinary course of business;

 

(17)            [reserved];

 

(18)            Investments
of a Restricted Subsidiary acquired after the Third Amendment Effective Date or of an entity merged into or amalgamated or consolidated
with a Restricted Subsidiary in a transaction that is not prohibited by Section 7.03 after the Third Amendment Effective Date to
the extent that such Investments were not made in contemplation of such acquisition, merger, amalgamation or consolidation and were in
existence on the date of such acquisition, merger, amalgamation or consolidation;

 

(19)            any
Investment by any Captive Insurance Subsidiary, which Investment is made in the ordinary course of business or consistent with industry
practice of such Captive Insurance Subsidiary, or by reason of applicable Law, rule, regulation or order, or that is required or permitted
by any regulatory authority having jurisdiction over such Captive Insurance Subsidiary or its business, as applicable;

 

(20)            guarantees
of Indebtedness permitted to be Incurred under Section 7.01 and obligations relating to such Indebtedness and guarantees (other than
guarantees of Indebtedness) in the ordinary course of business;

 

(21)            advances,
loans or extensions of trade credit in the ordinary course of business by any Borrower or any of the Restricted Subsidiaries;

 

(22)            Investments
consisting of purchases and acquisitions of assets or services in the ordinary course of business;

 

(23)            Investments
in the ordinary course of business consisting of Uniform Commercial Code Article 3 endorsements for collection or deposit and Uniform
Commercial Code Article 4 customary trade arrangements with customers;

 

(24)            intercompany
current liabilities owed to or from Unrestricted Subsidiaries or joint ventures Incurred in the ordinary course of business in connection
with the cash management operations of Vertex and its Subsidiaries;

 

(25)            Investments
in joint ventures of any Borrower or any Restricted Subsidiary in an aggregate amount, taken together with all other Investments made
pursuant to this clause (25) that are at the time outstanding, not to exceed the greater of (x) $75,000,000 and (y) 35.0% of
Consolidated EBITDA of the Borrower Parties; provided that the Investments permitted pursuant to this clause may be increased by
the amount of JV Distributions, without duplication of dividends or distributions increasing amounts available pursuant to clause (c) of
the first paragraph of Section 7.05;

 

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(26)            Investments
made in connection with the Transactions and any Transition Arrangements;

 

(27)            accounts
receivable, security deposits and prepayments and other credits granted or made in the ordinary course of business and any Investments
received in satisfaction or partial satisfaction thereof from financially troubled account debtors and others, including in connection
with the bankruptcy or reorganization of, or settlement of delinquent accounts and disputes with or judgments against, such account debtors
and others, in each case in the ordinary course of business;

 

(28)            Investments
acquired as a result of a foreclosure by any Borrower or any Restricted Subsidiary with respect to any secured Investments or other transfer
of title with respect to any secured Investment in default;

 

(29)            Investments
resulting from pledges and deposits that are Permitted Liens;

 

(30)            acquisitions
of obligations of one or more officers or other employees of any direct or indirect parent of Vertex or any Subsidiary of Vertex in connection
with such officer’s or employee’s acquisition of Equity Interests of any direct or indirect parent of Vertex, so long as no
cash is actually advanced by Vertex or any Restricted Subsidiary to such officers or employees in connection with the acquisition of any
such obligations;

 

(31)            guarantees
of operating leases or Non-Finance Lease Obligations (for the avoidance of doubt, excluding Capitalized Lease Obligations) or of other
obligations that do not constitute Indebtedness, in each case, entered into by any Borrower or any Restricted Subsidiary in the ordinary
course of business;

 

(32)            Investments
consisting of the redemption, purchase, repurchase or retirement of any Equity Interests permitted by Section 7.05;

 

(33)            Investments
made in connection with tax planning activities or any Permitted Reorganization or Permitted IPO Reorganization; provided that,
after giving effect to any such reorganization and related activities, the security interest of the Collateral Agent in the Collateral,
taken as a whole, is not materially impaired or reduced (in each case, as determined by the Borrower Representative in good faith);

 

(34)            Investments
made pursuant to obligations entered into when the Investment would have been permitted hereunder so long as such Investment when made
reduces the amount available under the clause under which the Investment would have been permitted;

 

(35)            Investments
made in the ordinary course of business in connection with obtaining, maintaining or renewing client and customer contracts and loans
or advances made to, and guarantees with respect to obligations of, distributors, suppliers, licensors and licensees in the ordinary course
of business; and

 

(36)            Investments
made pursuant to receivables factoring arrangements entered into in the ordinary course of business;

 

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(37)            [reserved;]
and

 

(38)            Investments
in joint ventures to the extent required by, or made pursuant to customary buy/sell or put/call arrangements between the joint venture
parties set forth in the joint venture agreements and similar binding arrangements.

 

“Permitted Joint
Venture” means, with respect to any specified Person, a joint venture in any other Person engaged in a Similar Business in respect
of which a Borrower or a Restricted Subsidiary beneficially owns at least 35% of the shares of Equity Interests of such Person.

 

“Permitted IPO Reorganization”
means any transactions or actions taken in connection with and reasonably related to consummating an initial public offering of Holdings
or any direct or indirect parent thereof, so long as, after giving effect thereto, the security interest of the Collateral Agent in the
Collateral, taken as a whole, is not materially impaired or reduced (in each case as determined by the Borrower in good faith).

 

“Permitted Liens”
means, with respect to any Person:

 

(1)              Liens
Incurred in connection with workers’ compensation laws, unemployment insurance laws or similar legislation, or in connection with
bids, tenders, contracts (other than for the payment of Indebtedness) or leases to which such Person is a party, or to secure public or
statutory obligations of such Person or to secure surety, stay, customs or appeal bonds to which such Person is a party, or import duties
or for the payment of rent, in each case Incurred in the ordinary course of business;

 

(2)              Liens
imposed by law, such as carriers’, warehousemen’s, landlords’, materialmen’s, repairman’s, construction
contractors’, mechanics’ or other like Liens, in each case for sums not yet overdue by more than thirty (30) days or being
contested in good faith by appropriate proceedings or other Liens arising out of judgments or awards against such Person with respect
to which such Person shall then be proceeding with an appeal or other proceedings for review (or which, if due and payable, are being
contested in good faith by appropriate proceedings) or with respect to which the failure to make payment would not reasonably be expected
to have a Material Adverse Effect as determined in good faith by the management of Borrower Representative;

 

(3)              Liens
for taxes, assessments or other governmental charges or levies (i) which are not yet due or payable, (ii) which are being contested
in good faith by appropriate proceedings and for which adequate reserves are being maintained to the extent required by GAAP, or for property
taxes on property such Person or one of its Subsidiaries has determined to abandon if the sole recourse for such tax, assessment, charge,
levy or claim is to such property or (iii) with respect to which the failure to make payment would not reasonably be expected to
have a Material Adverse Effect;

 

(4)              Liens
Incurred or deposits made in favor of the issuers of performance and surety bonds, bid, indemnity, warranty, release, appeal or similar
bonds or with respect to regulatory requirements or letters of credit or bankers’ acceptances issued and completion of guarantees
provided for, in each case, pursuant to the request of and for the account of such Person in the ordinary course of its business;

 

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(5)            survey
exceptions, encumbrances, ground leases, easements or reservations of, or rights of others for, licenses, rights-of-way, servitudes, sewers,
electric lines, drains, telegraph and telephone and cable television lines, gas and oil pipelines and other similar purposes, reservations
of rights, or zoning, building codes or other restrictions (including, without limitation, minor defects or irregularities in title and
similar encumbrances) as to the use of real properties or Liens incidental to the conduct of the business of such Person or to the ownership
of its properties which do not in the aggregate materially adversely interfere with the ordinary conduct of the business of such Person;

 

(6)            Liens
Incurred to secure obligations in respect of Indebtedness permitted to be Incurred pursuant to Section 7.01(a) or (d) and
obligations secured ratably thereunder; provided that in the case of Liens securing Indebtedness that is permitted to be Incurred
pursuant to clause (d) of Section 7.01, such Lien extends only to the assets and/or Capital Stock the purchase, acquisition,
lease, installation, construction, repair, replacement or improvement of which is financed thereby (or that secures the obligations converted
from a “synthetic lease” to on-balance sheet Indebtedness) and any replacements, additions and accessions thereto and any
income or profits thereof and customary security deposits related thereto (provided that individual financings provided by a lender
may be cross collateralized to other financings provided by such lender or its affiliates);

 

(7)            Liens
existing on the Third Amendment Effective Date and, in the case of Liens securing Indebtedness in an aggregate principal amount in excess
of $16,000,000, listed on Schedule 7.02 and any modifications, replacements, renewals or extensions thereof and, without duplication,
any refinancing (or successive refinancings thereof) of any Indebtedness secured thereby (including any cash collateral backstopping
existing letters of credit or similar instruments); provided that such modified, replacement, renewal or extension Lien, and any
such Lien securing any such refinancing, does not extend to any additional property other than (A) after-acquired property that
is affixed or incorporated into the property covered by such Lien or (B) proceeds and products thereof; provided further
that individual financings provided by a lender may be cross collateralized to other financings provided by such lender or its affiliates;

 

(8)            Liens
on assets of, or Equity Interests in, a Person at the time such Person becomes a Subsidiary; provided, however, that such
Liens are not created or Incurred in connection with, or in contemplation of, such other Person becoming such a Subsidiary; provided,
further, that such Liens are limited to all or a portion of the assets (and improvements on such assets) that secured (or, under
the written arrangements under which the Liens arose, could secure) the obligations to which such Liens relate; provided, further,
that for purposes of this clause (8), if a Person becomes a Subsidiary, any Subsidiary of such Person shall be deemed to become a Subsidiary
of Vertex, and any property or assets of such Person or any Subsidiary of such Person shall be deemed acquired by Vertex at the time of
such merger, amalgamation or consolidation;

 

(9)            Liens
on assets at the time any Borrower or any Restricted Subsidiary acquired the assets, including any acquisition by means of a merger, amalgamation
or consolidation with or into such Borrower or such Restricted Subsidiary; provided, however, that such Liens are not created
or Incurred in connection with, or in contemplation of, such acquisition; provided, further, that such Liens are limited
to all or a portion of the property or assets (and improvements on such property or assets) that secured (or, under the written arrangements
under which the Liens arose, could secure) the obligations to which such Liens relate; provided, further, that for purposes
of this clause (9), if, in connection with an acquisition by means of a merger, amalgamation or consolidation with or into any Borrower
or any Restricted Subsidiary, a Person other than a Borrower or Restricted Subsidiary is the successor company with respect thereto, any
Subsidiary of such Person shall be deemed to become a Subsidiary of such Borrower or such Restricted Subsidiary, as applicable, and any
property or assets of such Person or any such Subsidiary of such Person (and the Equity Interests thereof) shall be deemed acquired by
such Borrower or such Restricted Subsidiary, as the case may be, at the time of such merger, amalgamation or consolidation;

 

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(10)            Liens
securing Indebtedness or other obligations of a Borrower or a Subsidiary Guarantor owing to another Borrower or a Restricted Subsidiary
permitted to be Incurred in accordance with Section 7.01;

 

(11)            Liens
securing Swap Contracts Incurred in accordance with Section 7.01;

 

(12)            Liens
on specific items of inventory or other goods and proceeds of any Person securing such Person’s obligations in respect of bankers’
acceptances or letters of credit entered into in the ordinary course of business issued or created for the account of such Person to facilitate
the purchase, shipment or storage of such inventory or other goods;

 

(13)            leases,
subleases, licenses, sublicenses, occupancy agreements or assignments of or in respect of real or personal property;

 

(14)            Liens
arising from Uniform Commercial Code financing statement filings regarding operating leases, Non-Finance Lease Obligations or consignments;

 

(15)            Liens
in favor of any Borrower or any Subsidiary Guarantor;

 

(16)            Liens
on accounts receivable and related assets Incurred pursuant to factoring arrangements entered into in the ordinary course of business;

 

(17)            deposits
made or other security provided in the ordinary course of business to secure liability to insurance carriers or under self-insurance arrangements
in respect of such obligations;

 

(18)            Liens
on the Equity Interests of Unrestricted Subsidiaries;

 

(19)            grants
of intellectual property, software and other technology licenses;

 

(20)            judgment
and attachment Liens not giving rise to an Event of Default pursuant to Section 8.01(f), (g) or (h) and notices of lis
pendens and associated rights related to litigation being contested in good faith by appropriate proceedings;

 

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

 

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(22)            Liens
Incurred to secure Cash Management Services and other “bank products” (including those described in Sections 7.01(j) and
(w));

 

(23)            Liens
to secure any refinancing, refunding, extension, renewal or replacement (or successive refinancings, refundings, extensions, renewals
or replacements) as a whole, or in part, of any Indebtedness secured by any Lien referred to in the foregoing clauses (7), (8), (9) or
(11), or succeeding clauses (24), (25) or (51) of this definition or this clause (23); provided, however, that (w) such
new Lien shall be limited to all or part of the same property that secured (or, under the written arrangements under which the original
Lien arose, could secure) the original Lien (plus improvements on such property, replacements of such property, additions and accessions
thereto, after-acquired property and the proceeds and the products of the foregoing and customary security deposits in respect thereof
and, in the case of multiple financings of equipment (or assets affixed or appurtenant thereto and additions and accessions) provided
by any lender, other equipment (or assets affixed or appurtenant thereto and additions and accessions) financed by such lender or as otherwise
permitted in any other exception hereunder), (x) any amounts Incurred under this clause (23) as a refinancing of Indebtedness secured
pursuant to clause (24) of this definition shall require that all such Liens on the ABL Priority Collateral rank junior in priority to
the Liens on the ABL Priority Collateral securing the Obligations (it being understood that such Liens on the Term Loan Priority Collateral
may rank senior in priority to the Liens on the Term Loan Priority Collateral securing the Obligations) pursuant to the ABL Intercreditor
Agreement or another Market Intercreditor Agreement, (y) any amounts Incurred under this clause (23) as a refinancing of indebtedness
secured pursuant to clause (25) of this definition hereunder shall reduce the amount available under such clause (25) and (z) any
such Indebtedness that is secured by Liens on the Collateral shall be subject to a Market Intercreditor Agreement if the Indebtedness
that is so refinanced, refunded, extended, renewed or replaced was subject to a Market Intercreditor Agreement;

 

(24)            Liens
securing Indebtedness permitted to be Incurred under the first paragraph of Section 7.01 and that is permitted to be secured so long
as all such Liens on the ABL Priority Collateral rank junior in priority to the Liens on the ABL Priority Collateral securing the Obligations
(it being understood that such Liens on the Term Loan Priority Collateral may rank senior in priority to the Liens on the Term Loan Priority
Collateral securing the Obligations) pursuant to the ABL Intercreditor Agreement or another Market Intercreditor Agreement;

 

(25)            other
Liens securing obligations the principal amount of which does not exceed the greater of (x) $125,000,000 and (y) 60.0% of Consolidated
EBITDA of the Borrower Parties at any one time outstanding (after giving effect to clause (23) above as applicable); provided
that any such obligations constituting Indebtedness may, at the option of the Borrower Representative, be subject to the ABL Intercreditor
Agreement or a Market Intercreditor Agreement; provided further that such Liens on the ABL Priority Collateral rank
junior in priority to the Liens on the ABL Priority Collateral securing the Obligations (it being understood that such Liens on the Term
Loan Priority Collateral may rank senior in priority to the Liens on the Term Loan Priority Collateral securing the Obligations) pursuant
to such ABL Intercreditor Agreement or other Market Intercreditor Agreement;

 

(26)            Liens
on the Equity Interests or assets of a joint venture to secure Indebtedness of such joint venture;

 

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(27)            Liens
on equipment of any Borrower or any Guarantor granted in the ordinary course of business to such Borrower’s or such Guarantor’s
client at which such equipment is located;

 

(28)            Liens
securing Indebtedness permitted under Section 7.01(b) so long as all such Liens on the ABL Priority Collateral rank junior in
priority to the Liens on such ABL Priority Collateral securing the Obligations (it being understood that such Liens on the Term Loan Priority
Collateral may rank senior in priority to the Liens on the Term Loan Priority Collateral securing the Obligations) pursuant to the ABL
Intercreditor Agreement or other Market Intercreditor Agreement;

 

(29)            Liens
on property or assets used to redeem, repay, defease or to satisfy and discharge Indebtedness; provided that such redemption, repayment,
defeasance or satisfaction and discharge is not prohibited by this Agreement and that such deposit shall be deemed for purposes of Section 7.05
(to the extent applicable) to be a prepayment of such Indebtedness;

 

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

 

(31)            Liens
(i) of a collection bank arising under Section 4-210 of the Uniform Commercial Code, or any comparable or successor provision,
on items in the course of collection; (ii) attaching to pooling, commodity trading accounts or other commodity brokerage accounts
Incurred in the ordinary course of business; and (iii) in favor of banking or other financial institutions or entities, or electronic
payment service providers, arising as a matter of law encumbering deposits (including the right of set-off) and which are within the general
parameters customary in the banking or finance industry;

 

(32)            Liens
that are contractual rights of set-off (i) relating to the establishment of depository relations with banks or other Persons not
given in connection with the issuance of Indebtedness; (ii) relating to pooled deposit or sweep accounts of any Borrower or any Restricted
Subsidiary to permit satisfaction of overdraft or similar obligations Incurred in the ordinary course of business of the Borrowers and
their Restricted Subsidiaries; or (iii) relating to purchase orders and other agreements entered into with customers of any Borrower
or any Restricted Subsidiary in the ordinary course of business;

 

(33)            (i) Liens
on Equity Interests of any joint venture securing capital contributions to, or obligations of, such Persons and (ii) customary rights
of first refusal, put and call arrangements, and tag, drag and similar rights in joint venture agreements;

 

(34)            Liens
on insurance policies and the proceeds thereof securing the financing of the premiums with respect thereto;

 

(35)            Liens
on vehicles or equipment of any Borrower or any Restricted Subsidiary granted in the ordinary course of business;

 

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(36)            Liens
on assets of Non-Loan Parties, and of the Equity Interests issued by Non-Loan Parties, securing Indebtedness or other obligations of such
Person and any other Non-Loan Party;

 

(37)            Liens
disclosed by the title insurance policies delivered on or subsequent to the Third Amendment Effective Date for any Mortgaged Property
and any replacement, extension or renewal of any such Liens (so long as the Indebtedness and other obligations secured by such replacement,
extension or renewal Liens are permitted by this Agreement); provided that such replacement, extension or renewal Liens do not
cover any property other than the property that was subject to such Liens prior to such replacement, extension or renewal;

 

(38)            Liens
arising solely by virtue of any statutory or common law provision or customary business provision relating to banker’s liens, rights
of set-off or similar rights;

 

(39)            (a) Liens
solely on any cash earnest money deposits made by any Borrower or any Restricted Subsidiary in connection with any letter of intent or
other agreement in respect of any Permitted Investment and (b) Liens on advances of cash or Cash Equivalents in favor of the seller
of any property to be acquired in a Permitted Investment to be applied against the purchase price for such Investment;

 

(40)            the
prior rights of consignees and their lenders under consignment arrangements entered into in the ordinary course of business;

 

(41)            Liens
on securities that are the subject of repurchase agreements constituting Cash Equivalents under clause (4) of the definition thereof;

 

(42)            Liens
encumbering reasonable customary initial deposits and margin deposits and similar Liens attaching to commodity trading accounts or other
brokerage accounts Incurred in the ordinary course of business and not for speculative purposes;

 

(43)            rights
reserved or vested in any Person by the terms of any lease, license, franchise, grant or permit held by any Borrower or any of its Restricted
Subsidiaries or by a statutory provision, to terminate any such lease, license, franchise, grant or permit, or to require annual or periodic
payments as a condition to the continuance thereof;

 

(44)            restrictive
covenants affecting the use to which real property may be put so long as such restrictions do not, in the aggregate, materially interfere
with the ordinary conduct of the business of Holdings and its Restricted Subsidiaries, taken as a whole;

 

(45)            security
given to a public utility or any municipality or governmental authority when required by such utility or authority in connection with
the operations of that Person in the ordinary course of business;

 

(46)            zoning
by-laws and other land use restrictions, including, without limitation, site plan agreements, development agreements and contract zoning
agreements;

 

(47)            [reserved];

 

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(48)            Liens
on (x) cash proceeds of Indebtedness (and on the related escrow accounts) in connection with the issuance of such Indebtedness into
(and pending the release from) a customary escrow arrangement, to the extent such Indebtedness is Incurred in compliance with Section 7.01
and (y) on cash proceeds held in Escrow securing obligations in respect of Excluded Indebtedness;

 

(49)            Liens
on assets not constituting Collateral securing Indebtedness with an aggregate principal amount not in excess of the greater of (x) $52,000,000
and (y) 25.0% of Consolidated EBITDA of the Borrower Parties at any one time outstanding;

 

(50)            [reserved];
and

 

(51)            Liens
securing Indebtedness permitted under Sections 7.01(r) or (ii); provided that, in the case of Liens securing Indebtedness
that is permitted to be Incurred pursuant to clause (r) or (ii) of Section 7.01, any such Indebtedness secured by liens
on the Collateral shall be subject to a Market Intercreditor Agreement.

 

For purposes of determining
compliance with this definition, a Lien need not be Incurred solely by reference to one category of Permitted Liens described in this
definition but may be Incurred under any combination of such categories (including in part under one such category and in part under any
other such category).

 

“Permitted Parent”
means (a) any direct or indirect parent of Holdings so long as a Permitted Holder pursuant to clauses (a), (b), (c) or (d) of
the definition thereof holds 50.0% or more of the Voting Stock of such direct or indirect parent of Holdings, and (b) any Public
Company (or Wholly Owned Subsidiary of such Public Company) to the extent and until such time as any Person or group (other than a Permitted
Holder under clauses (a), (b), (c) or (d) of the definition thereof) is deemed to be or become a beneficial owner of Voting
Stock of such Public Company representing more than 50.0% of the total voting power of the Voting Stock of such Public Company.

 

“Permitted Refinancing”
means, with respect to any Person, any modification, refinancing, refunding, renewal, replacement, exchange or extension of any Indebtedness
of such Person; provided that (a) the principal amount (or accreted value, if applicable) thereof does not exceed the principal
amount (or accreted value, if applicable) of the Indebtedness so modified, refinanced, refunded, renewed, replaced, exchanged or extended
except by an amount equal to the amount of any Incremental Amounts Incurred in connection therewith; (b) except with respect to any
Permitted Credit Facilities (or any Permitted Refinancing thereof), and excluding any Permitted Earlier Maturity Debt, such modification,
refinancing, refunding, renewal, replacement, exchange or extension has a final maturity date equal to or later than the final maturity
date of, and has a Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity of, the Indebtedness
being modified, refinanced, refunded, renewed, replaced, exchanged or extended; (c) if the Indebtedness being modified, refinanced,
refunded, renewed, replaced, exchanged or extended is subordinated in right of payment to the Obligations, such modification, refinancing,
refunding, renewal, replacement, exchange or extension is subordinated in right of payment to the Obligations on terms, taken as a whole,
as favorable in all material respects to the Lenders (including, if applicable, as to Collateral) as those contained in the documentation
governing the Indebtedness being modified, refinanced, refunded, renewed, replaced, exchanged or extended or otherwise acceptable to the
Administrative Agent; (d) if the Indebtedness being modified, refinanced, refunded, renewed, replaced, exchanged or extended is (i) unsecured,
such modification, refinancing, refunding, renewal, replacement, exchange or extension is unsecured or is secured by a Permitted Lien
other than under clause (6) or (47) of the definition thereof, or (ii) secured by Liens on the Collateral, such modification,
refinancing, refunding, replacement, renewal or extension is secured to the same extent, including with respect to any subordination provisions,
and subject to a Market Intercreditor Agreement; and (e) such modification, refinancing, refunding, renewal, replacement, exchange
or extension is Incurred by a Person who is or would have been permitted to be the obligor or guarantor (or any successor thereto) on
the Indebtedness being modified, refinanced, refunded, renewed, replaced or extended (it being understood that the roles of such obligors
as a borrower or a guarantor with respect to such obligations may be interchanged).

 

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“Permitted Reorganization”
means reorganizations and other activities related to tax planning and reorganization, so long as, after giving effect thereto, the security
interest of the Collateral Agent in the Collateral, taken as a whole, is not materially impaired (in each case as determined by the Borrower
Representative in good faith).

 

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

 

“Plan”
means any “employee benefit plan” (other than a Multiemployer Plan) within the meaning of Section 3(3) of ERISA
that is maintained or is contributed to by a Loan Party or any ERISA Affiliate and is subject to Title IV of ERISA or the minimum funding
standards under Section 412 of the Code or Section 302 of ERISA.

 

“Platform”
has the meaning specified in Section 6.02.

 

“Pledged Debt”
means “Pledged Debt” as defined in the Security Agreement.

 

“Pledged Interests”
means “Pledged Interests” as defined in the Security Agreement.

 

“Pounds Sterling”
and “£” means freely transferable lawful money of the United Kingdom (expressed in Pounds Sterling).

 

“Preferred Stock”
means any Equity Interest with preferential right of payment of dividends or upon liquidation, dissolution or winding up.

 

“Primary Disqualified
Institution” has the meaning specified in the definition of “Disqualified Institution.”

 

“Prime Lending Rate”
means, for any day, the rate of interest last quoted by The Wall Street Journal (or, if The Wall Street Journal does not quote such rate,
another national publication selected by the Administrative Agent in consultation with the Borrower Representative) as the “Prime
Rate” in the U.S.

 

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“Pro
Forma Basis,” “Pro Forma Compliance” and “Pro Forma Effect” mean, without duplication
of any amounts referenced in the definitions of “Pro Forma Cost Savings” and “Pro Forma Revenue Synergies”, with
respect to the calculation of any test, financial ratio, basket or covenant under this Agreement, including the calculation of Consolidated
First Lien Net Leverage Ratio, Consolidated Secured Net Leverage Ratio, Consolidated Total Net Leverage Ratio, Consolidated Interest Coverage
Ratio, Fixed Charge Coverage Ratio, Consolidated EBITDA, Consolidated Net Income and Consolidated Net Tangible Assets of any Person and
its Restricted Subsidiaries, as of any date, that pro forma effect will be given to any Specified Transaction that has occurred during
the Test Period being used to calculate such test, financial ratio, basket or covenant (the “Reference Period”), or,
subject to Section 1.10, subsequent to the end of the Reference Period but prior to such date or prior to or substantially simultaneously
with the event for which a determination under this definition is made (including any such event occurring at a Person who became a Restricted
Subsidiary of the subject Person or was merged, amalgamated or consolidated with or into the subject Person or any other Restricted Subsidiary
of the subject Person after the commencement of the Reference Period), (i) for purposes of determining Fixed Charge Coverage Ratio,
Consolidated EBITDA and Consolidated Cash Interest Expense, as if each such event occurred on the first day of the Reference Period and
(ii) for purposes of determining Consolidated Funded First Lien Indebtedness, Consolidated Funded Secured Indebtedness, Consolidated
Funded Indebtedness and Consolidated Net Tangible Assets, as if each such event occurred on the last day of the Reference Period; provided
that (x) pro forma effect will be given to reasonably identifiable pro forma cost savings, operating expense reductions, strategic
initiatives, operating improvements or purchasing improvements (including, in each case, in connection with the entry into any material
contract or arrangement), acquisition synergies and other cost savings, improvements or synergies, in each case, determined by the Borrower
in good faith to result from actions which have been taken or with respect to which steps have been taken or are expected to be taken
(in the good faith determination of the Borrower) within 24 months after the last day of the applicable Reference Period and (y) no
amount shall be added back pursuant to this definition to the extent duplicative of amounts that are otherwise included in calculating
Consolidated EBITDA, whether through a pro forma adjustment, add back, exclusion or otherwise, for the Reference Period; provided,
further, that the amount of any increase in Consolidated EBITDA for any Test Period as a result of any “run-rate” cost
savings, operating expense reductions and synergies added pursuant to clause (x) of this definition of “Pro Forma Basis”
(excluding any such “run-rate” cost savings, operating expense reductions and synergies that either (A) are related to
the Transactions or (B) result from, or are related to, mergers and other business combinations, acquisitions, Investments,
dispositions or other sales of assets, the discontinuance of activities or operations or other specified transactions, operating improvements
or purchasing improvements and other initiatives, in each case under this sub-clause (B), occurring prior to the Closing Date), when aggregated
with (X) the amount of any increase in Consolidated EBITDA for such Test Period as a result of Pro Forma Revenue Synergies (excluding
any such Pro Forma Revenue Synergies that result from actions or initiatives undertaken prior to the Closing Date) added pursuant to clause
(s) of the definition of Consolidated EBITDA and (Y) the amount of any increase in Consolidated EBITDA for such Test Period
as a result of Pro Forma Cost Savings pursuant to clause (B) of the definition thereof (excluding any such Pro Forma Cost Savings
that result from mergers and other business combinations, acquisitions, investments, dispositions or other sales of assets, the discontinuance
of activities or operations or other specified transactions, restructurings, cost savings initiatives, operating initiatives or operating
improvements, in each case, occurring prior to the Closing Date) added back under clause (k) of the definition of Consolidated EBITDA
for such Test Period, shall not exceed an aggregate amount equal to 30.0% of Consolidated EBITDA of the Borrower (calculated after giving
effect to all add-backs and adjustments (including all add-backs and adjustments subject to this cap)).

 

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For purposes of making any
computation referred to above:

 

(1)            if
any Indebtedness bears a floating rate of interest and is being given pro forma effect, the interest on such Indebtedness shall be calculated
as if the rate in effect on the date for which a determination under this definition is made had been the applicable rate for the entire
period (taking into account any Swap Contracts applicable to such Indebtedness;

 

(2)            interest
on a Capitalized Lease Obligation shall be deemed to accrue at an interest rate reasonably determined by Borrower Representative to be
the rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP;

 

(3)            interest
on Indebtedness that may optionally be determined at an interest rate based upon a factor of a prime or similar rate, a eurocurrency interbank
offered rate, or other rate, shall be deemed to have been based upon the rate actually chosen, or, if none, then based upon such optional
rate chosen as Borrower Representative may designate;

 

(4)            interest
on any Indebtedness under a revolving credit facility computed on a pro forma basis shall be computed based upon the average daily balance
of such Indebtedness during the applicable period; and

 

(5)            to
the extent not already covered above, any such calculation may include adjustments calculated in accordance with Regulation S-X under
the Securities Act.

 

Any pro forma calculation
may include, without limitation, (1) adjustments calculated in accordance with Regulation S-X under the Securities Act, (2) adjustments
calculated to give effect to any Pro Forma Cost Savings or and Pro Forma Revenue Synergies and (3) all adjustments included on Schedule
1.01(a) attached hereto, to the extent such adjustments, without duplication, continue to be applicable to the Reference Period;
provided that any such adjustments that consist of reductions in costs and other operating improvements or synergies shall be calculated
in accordance with, and satisfy the requirements specified in, the definition of “Pro Forma Cost Savings” or “Pro Forma
Revenue Synergies”, as applicable.

 

“Pro Forma Cost Savings”
means, for any period, without duplication of any amounts added in calculating Consolidated EBITDA pursuant to the definitions of “Pro
Forma Basis” and “Pro Forma Revenue Synergies”, an amount equal to the amount of “run rate” cost savings,
operating expense reductions, acquisition synergies and other cost savings, improvements or synergies that are related to (A) the
Transactions or (B) any merger or other business combination, acquisition, Investment (including the commencement of activities
constituting a business), disposition or other sale of assets (including the termination or discontinuance of activities or operations
constituting a business) or other Specified Transaction, or related to any restructuring initiative, cost savings initiative, operational
initiative or other initiative or improvement (including, for the avoidance of doubt, any such actions or transactions that have occurred
prior to the Closing Date) and, in each case, projected in good faith to be realized (calculated on a pro forma basis as though such items
had been realized on the first day of such period) as a result of actions taken or to be taken by the Borrower (or any successor thereto)
or any Restricted Subsidiary, net of the amount of actual benefits realized during such period that are otherwise included in the calculation
of Consolidated EBITDA from such actions; provided that (x) such cost savings, operating expense reductions and synergies
are reasonably identifiable (as determined in good faith by a responsible financial or accounting officer, in his or her capacity as such
and not in his or her personal capacity, of the Borrower Representative (or any successor thereto) or any direct or indirect parent of
the Borrower Representative) and are reasonably anticipated to result from actions which have been taken or with respect to which steps
have been taken or are expected to be taken (in the good faith determination of the Borrower Representative) within 24 months after the
last day of the applicable period (or, with respect to the Transactions, within 24 months after the Closing Date or which have been identified
to the Lead Arrangers (including in any management presentation or confidential information memorandum) prior to the Third Amendment Effective
Date (including in respect of any action taken on or prior to the Third Amendment Effective Date)) and (y) no cost savings, operating
expense reductions and synergies shall be added pursuant to this definition to the extent duplicative of any expenses or charges otherwise
added to Consolidated EBITDA, whether through a pro forma adjustment, add back, exclusion or otherwise, for such period.

 

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“Pro Forma Revenue
Synergies” means, for any period, without duplication of any amounts referenced in the definitions of “Pro Forma Basis”
and “Pro Forma Cost Savings”, an amount equal to “run rate” increase to Consolidated EBITDA of new contracts and
projects, increased pricing in, or other modifications to, existing contracts and projects, increased volume in existing projects and
customer contracts, reduced pricing in supplier arrangements, and other contract and project initiatives and, in each case, that are reasonably
identifiable (as determined in good faith by a responsible financial or accounting officer, in his or her capacity as such and not in
his or her personal capacity, of the Borrower Representative (or any successor thereto) or any direct or indirect parent of the Borrower
Representative) and are reasonably anticipated to result from actions which have been taken or with respect to which steps have been taken
or are expected to be taken (in the good faith determination of the Borrower Representative) within 24 months after the last day of the
applicable period, net of the amount of actual benefits realized during such period that are otherwise included in the calculation of
Consolidated EBITDA from such actions (calculated on a pro forma basis as though such items had been realized on the first day of such
period).

 

“Pro Rata Share”
means, with respect to each Lender and the Facility at any time, a fraction (expressed as a percentage, carried out to the ninth decimal
place, and subject to adjustment as provided in Section 2.17), the numerator of which is the amount of the Commitments of such Lender
under the Facility at such time and the denominator of which is the amount of the Aggregate Commitments under the Facility at such time;
provided that if the commitment of each Lender to make Loans and the obligation of each L/C Issuer to make L/C Credit Extensions
have been terminated pursuant to Section 8.02, then the Pro Rata Share of each Lender shall be determined based on the Pro Rata Share
of such Lender immediately prior to such termination and after giving effect to any subsequent assignments made pursuant to the terms
hereof. The initial Pro Rata Share of each Lender is set forth opposite the name of such Lender on Schedule 2.01 or in the Assignment
and Assumption pursuant to which such Lender became a party hereto, as applicable.

 

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

 

“Public Company”
means any Person with a class or series of Voting Stock that is traded on a stock exchange or in the over-the-counter market.

 

“Public Company Costs”
means, as to any Person, costs associated with, or in anticipation of, preparation for, or compliance with, the requirements of the Sarbanes-Oxley
Act of 2002 and the rules and regulations promulgated in connection therewith, costs relating to compliance with the provisions of
the Securities Act and the Exchange Act (or similar regulations applicable in other listing jurisdictions), as applicable to companies
with equity securities held by the public, costs associated with, or in anticipation of, preparation for, or compliance with the rules of
national securities exchange companies with listed equity, directors’ compensation, fees and expense reimbursement, costs relating
to investor relations, shareholder meetings and reports to shareholders, directors’ and officers’ insurance and other executive
costs, legal and other professional fees, and listing fees.

 

“Public Lender”
has the meaning specified in Section 6.02.

 

“Purchase Agreement”
has the meaning specified in the Preliminary Statements of this Agreement.

 

“Purchase Agreement
Representations” means the representations and warranties made by the Closing Date Seller and the Sold Companies in the Closing
Date Purchase Agreement as are material to the interests of the Lenders, but only to the extent that the Vertex or any of its Affiliates
has the right to terminate the obligations of Vertex or any of its Affiliates, or the right to decline to consummate the Closing Date
Acquisition, under the Closing Date Purchase Agreement as a result of a breach of one or more of such representations and warranties in
the Closing Date Purchase Agreement.

 

“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).

 

“QFC Credit Support”
has the meaning specified in Section 10.24.

 

“Qualified Holding
Company Indebtedness” means Indebtedness of Holdings (A) that is not subject to any Guarantee by any Restricted Subsidiary
of Holdings (other than a Subsidiary that is not the Borrower or any of its Subsidiaries and that is formed solely for purposes of acting
as a co-obligor with respect to such Qualified Holding Company Indebtedness), (B) that has no scheduled amortization or scheduled
payments of principal and is not subject to mandatory redemption, repurchase, prepayment or sinking fund obligation (it being understood
that such Indebtedness may have mandatory prepayment, repurchase or redemption provisions satisfying the requirements of clause (C) below),
(C) that has mandatory prepayment, repurchase or redemption, covenant, default and remedy provisions customary for senior notes (or
no more restrictive than is customary) of an issuer that is the parent of a borrower under senior secured credit facilities, and in any
event, with respect to covenant, default and remedy provisions, no more restrictive (taken as a whole) than those set forth in this Agreement
(other than provisions customary for senior notes of a holding company, including (x) customary assets sale, change of control provisions
and customary acceleration rights after an event of default and (y) customary “AHYDO” payments) and (D) if such
Indebtedness is secured, it shall only be secured by assets of any Parent Holding Company (other than Holdings) and any Subsidiary of
Holdings that is not prohibited from guaranteeing such Indebtedness as provided in clause (A) of this definition; provided
that Holdings shall have reasonably determined in good faith that such terms and conditions satisfy the foregoing requirement.

 

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“Qualified IPO”
means any transaction or series of related transactions (including any merger with a special purpose acquisition company or a Subsidiary
thereof) after which the common Capital Stock of Holdings or any Parent Holding Company constitutes publicly traded Capital Stock on any
U.S. securities exchange or over-the-counter market or any analogous exchange in any jurisdiction.

 

“Qualified Reporting
Subsidiary” has the meaning specified in Section 6.01.

 

“R&W Policy”
means the buyer-side representations and warranties insurance policy purchased by Vertex and issued by Illinois Union Insurance Company
pursuant to policy number TNP G29523800 001.

 

“RBC” has
the meaning specified in the introductory paragraph to this Agreement.

 

“Recipient”
means the Administrative Agent, any Lender, the Swingline Lender and any L/C Issuer.

 

“Reference Period”
has the meaning specified in the definition of “Pro Forma Basis.”

 

“Refinancing”
has the meaning specified in the definition of “Transactions”.

 

“Refinancing Indebtedness”
has the meaning specified in Section 7.01(n).

 

“Refunding Capital
Stock” has the meaning specified in Section 7.05.

 

“Register”
has the meaning specified in Section 10.07(c).

 

“Regulation S-X”
means Regulation S-X under the Securities Act.

 

“Related Business
Assets” means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets
received by a Borrower or a Restricted Subsidiary in exchange for assets transferred by a Borrower or a Restricted Subsidiary will not
be deemed to be Related Business Assets if they consist of securities of a Person, unless such Person is, or upon receipt of the securities
of such Person, such Person would become a Restricted Subsidiary.

 

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“Related Parties”
means, with respect to any Person, such Person’s Affiliates and the partners, members, directors, managers, officers, employees,
agents, attorneys-in-fact, trustees and advisors of such Person and of such Person’s Affiliates.

 

“Release”
means any release, spill, emission, leaking, dumping, injection, pouring, deposit, disposal, discharge, dispersal, leaching or migration
into or through the Environment or within, from or into any building, structure, facility or fixture.

 

“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.

 

“Replaceable Lender”
has the meaning specified in Section 3.08(a).

 

“Replacement Assets”
means (1) substantially all the assets of a Person primarily engaged in a Similar Business or (2) a majority of the Voting Stock
of any Person primarily engaged in a Similar Business that will become, on the date of acquisition thereof, a Restricted Subsidiary.

 

“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 Loans, a Committed Loan Notice, and (b) with
respect to an L/C Credit Extension, a Letter of Credit Application.

 

“Required Lenders”
means, as of any date of determination, Lenders having more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with
the aggregate amount of each Lender’s risk participation and funded participation in L/C Obligations and Swingline Loans being deemed
 “held” by such Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided
that (x) for purposes of making a determination of Required Lenders the unused Revolving Credit Commitment of, and the portion of
the Total Revolving Credit Outstandings held or deemed held by any Defaulting Lender shall be excluded and (y) at any time there
are two or more Lenders (who are not Affiliates of one another or Defaulting Lenders), “Required Lenders” must include at
least two Lenders (who are not Affiliates of one another).

 

“Required
Report Date” has the meaning specified in Section 6.19(b).

 

“Resolution Authority”
means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.

 

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“Reserves”
means, as of any date of determination, without duplication of any items that are otherwise addressed or excluded through eligibility
criteria, such amounts (including, without limitation, the amount of any Bank Product Reserves, the Dilution Reserve and foreign exchange
reserves applicable to the Borrowers) as the Administrative Agent may from time to time establish in its Permitted Discretion (a) to
reflect events, conditions, contingencies or risks which adversely affect (i) any Collateral or any Agent’s access thereto
or (ii) the priority, perfection or enforceability of any of the security interest of any Agent or any Lender in the Collateral,
or (b) in respect of any state of facts which the Administrative Agent reasonably determines to constitute a Default or an Event
of Default. The Administrative Agent shall provide notice to the Borrowers and the Collateral Agent of any new categories of Reserves
that may be established after the date hereof; provided that, notwithstanding anything else to the contrary, the establishment
or increase of any Reserves after the Closing Date shall be based on the analysis of facts or events first occurring or first discovered
after the Closing Date or that are materially different from facts or events known to the Administrative Agent prior to the Closing Date;
provided, further, that no such establishment or increase shall be made without at least five (5) Business Days’
prior written notice thereof to the Borrowers; provided, further, that to the extent the establishment or increase of a
Reserve has been communicated to the Borrowers and the Borrowers make a request for a Borrowing prior to the completion of the five Business
Day period, such Borrowing shall take into account the Reserve so communicated; provided, further, that any such Reserves
established or modified shall have a reasonable relationship to circumstances, conditions, events or contingencies which are the basis
for such Reserve, as reasonably determined, without duplication, by the Administrative Agent in its Permitted Discretion.

 

“Responsible Officer”
means the chief executive officer, representative, director, manager, president, vice president, executive vice president, chief financial
officer, treasurer or assistant treasurer, secretary or assistant secretary, an authorized signatory, an attorney-in-fact (to the extent
empowered by the board of directors/managers of any Loan Party), or other similar officer of a Loan Party. Any document delivered hereunder
that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate,
partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted
on behalf of such Loan Party.

 

“Restricted Investment”
means an Investment other than a Permitted Investment.

 

“Restricted Payment”
has the meaning specified in Section 7.05.

 

“Restricted Subsidiary”
means any Subsidiary of Vertex that is not an Unrestricted Subsidiary.

 

“Retired Capital
Stock” has the meaning specified in Section 7.05.

 

“Revolving Credit
Commitment Increase” has the meaning specified in Section 2.14(a).

 

“Revolving Commitment
Increase Lender” has the meaning specified in Section 2.14(e).

 

“Revolving Credit
Commitments” means, as to any Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrowers
pursuant to Section 2.01 and (b) purchase participations in L/C Obligations and Swingline Loans, in an aggregate principal amount
not to exceed the amount set forth under the heading “Revolving Credit Commitment” opposite such Lender’s name on Schedule
2.01, or in the Assignment and Assumption pursuant to which such Lender became a party hereto, as applicable, as the same may be adjusted
from time to time in accordance with this Agreement. The aggregate Revolving Credit Commitments shall be $200,000,000 on the Fourth Amendment
Effective Date, as such amount may be adjusted from time to time in accordance with the terms of this Agreement.

 

    93 

     

    

 

“Revolving Credit
Facility” means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such
time.

 

“Revolving Credit
Lender” means, at any time, any Lender that has a Revolving Credit Commitment at such time (and after the termination of all
Revolving Credit Commitments, any Lender that holds any Outstanding Amount in respect of Revolving Credit Loans, Swingline Loans and/or
L/C Obligations).

 

“Revolving Credit
Loans” means each extension of credit by a Lender to a Borrower pursuant to Section 2.01.

 

“Revolving Credit
Note” means a promissory note of the applicable Borrower(s) payable to any Revolving Credit Lender or its registered assigns,
in substantially the form of Exhibit B-1 hereto, evidencing the aggregate indebtedness of such Borrower(s) to such Revolving
Credit Lender resulting from the Revolving Credit Loans made by such Revolving Credit Lender.

 

“Sale/Leaseback Transaction”
means an arrangement relating to property now owned or hereafter acquired by a Borrower or a Restricted Subsidiary whereby a Borrower
or a Restricted Subsidiary transfers such property to a Person and such Borrower or such Restricted Subsidiary leases it from such Person,
other than leases between a Borrower and a Restricted Subsidiary or between Restricted Subsidiaries.

 

“Sanctioned Country”
means any country or territory that is the subject of comprehensive Sanctions Laws and Regulations that broadly prohibit dealings or transactions
in, with or involving such country or territory (as of the date hereof, Belarus, Cuba, Iran, North Korea, Syria, Russia, Venezuela
and the Crimea, Donetsk and Luhansk regions of Ukraine).

 

“Sanctions Laws and
Regulations” means any sanctions or requirements imposed by, or based upon the obligations or authorities set forth in, (i) the
PATRIOT Act, the Executive Order No. 13224 of September 23, 2001, entitled Blocking Property and Prohibiting Transactions With
Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079 (2001)), the U.S. International Emergency Economic Powers
Act (50 U.S.C. §§ 1701 et seq.), the U.S. Trading with the Enemy Act (50 U.S.C. App. §§ 1 et seq.), the U.S. Syria
Accountability and Lebanese Sovereignty Act, the U.S. Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 or the
Iran Sanctions Act, Section 1245 of the National Defense Authorization Act of 2012, all as amended, any of the foreign assets control
regulations (31 C.F.R., Subtitle B, Chapter V, as amended) and any other law, regulation or executive order relating thereto administered
by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) and (ii) any similar
law, regulation or executive order enacted, imposed, administered or enforced by the United States, the European Union, the United Nations
Security Council, the United Kingdom, Canada and any other applicable Governmental Authority or enacted, imposed, administered or enforced
by the respective governmental institutions or agencies of any of the foregoing (as any of the foregoing laws, regulations or executive
orders, in each case of this definition, may be amended, extended, renewed, replaced, restated, supplemented or otherwise modified from
time to time).

 

    94 

     

    

 

“S&P”
means S&P Global Ratings and any successor thereto.

 

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

 

“Second Lien Administrative
Agent” means RBC, in its capacity as administrative agent and collateral agent under the Second Lien Credit Agreement and the
other Second Lien Loan Documents and any other administrative agent, collateral agent or representative of the holders of Second Lien
Obligations appointed as a representative for purposes related to the administration of the security documents pursuant to the Second
Lien Credit Agreement, in such capacity as provided in the Second Lien Credit Agreement.

 

“Second Lien Credit
Agreement” means the certain Second Lien Credit Agreement, dated as of the Third Amendment Effective Date, among the Borrower,
Holdings, the lenders party thereto from time to time, and the Second Lien Administrative Agent, as the same may be amended, restated,
modified, supplemented, extended, renewed, refunded, replaced or refinanced from time to time in one or more indentures, credit agreements,
or other agreements (in each case with the same or new lenders, noteholders, institutional investors or agents), including any indentures,
credit agreements or other agreements that replace, refund, supplement, extend, renew, restate, amend, modify or refinance any part of
the loans, notes, other credit facilities or commitments thereunder, including any agreement extending the maturity thereof or otherwise
restructuring all or any portion of the Indebtedness thereunder or increasing the amount loaned or issued thereunder, in each case as
and to the extent permitted by this Agreement and the ABL Intercreditor Agreement.

 

“Second Lien Loan
Documents” means collectively, (i) the Second Lien Credit Agreement and (ii) the security documents, intercreditor
agreements (including the ABL Intercreditor Agreement), guarantees, joinders and other agreements or instruments executed in connection
with the Second Lien Credit Agreement or such other agreements, in each case, as amended, modified, supplemented, substituted, replaced,
restated or refinanced, in whole or in part, pursuant to a Permitted Refinancing from time to time, in each case as and to the extent
permitted by this Agreement and the ABL Intercreditor Agreement.

 

“Second Lien Loan
Parties” has the meaning assigned to the term “Loan Parties” in the Second Lien Credit Agreement.

 

“Second Lien Obligations”
has the meaning assigned to the term “Obligations” in the Second Lien Credit Agreement.

 

“Second Lien Term
Facility” means the term loan facility under the Second Lien Credit Agreement or any amendment, supplement, modification, substitution,
replacement, restatement or refinancing thereof, in whole or in part, pursuant to a Permitted Refinancing from time to time, in each case
as and to the extent permitted by this Agreement and the ABL Intercreditor Agreement.

 

    95 

     

    

 

“Second Lien Term
Loans” has the meaning assigned to the term “Loans” in the Second Lien Credit Agreement.

 

“Secured Cash Management
Agreement” means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank,
except for any such Cash Management Agreement designated by the Borrowers in writing to the Administrative Agent and the relevant Cash
Management Bank or Hedge Bank, as applicable, as an “unsecured cash management agreement” as of the Closing Date or, if later,
on or about the time of entering into such Cash Management Agreement.

 

“Secured Hedge Agreement”
means any Swap Contract permitted under Article VII that is entered into by and between any Loan Party and any Hedge Bank, except
for any such Swap Contract designated by the Borrowers and the applicable Hedge Bank in writing to the Administrative Agent as an “unsecured
hedge agreement” as of the Closing Date or, if later, as of the time of entering into such Swap Contract.

 

“Secured Obligations”
has the meaning specified in the Security Agreement.

 

“Secured Parties”
means, collectively, the Administrative Agent, the Collateral Agent, the Lenders (including, for the avoidance of doubt, the Swingline
Lender and the L/C Issuers), the Hedge Banks to the extent they are party to one or more Secured Hedge Agreements, the Cash Management
Banks to the extent they are party to one or more Secured Cash Management Agreements and each co-agent or subagent appointed by the Administrative
Agent or the Collateral Agent from time to time pursuant to Article IX.

 

“Securities Account”
has the meaning given to such term in the UCC.

 

“Securities Act”
means the U.S. Securities Act of 1933, as amended, and the rules and regulations of the SEC promulgated thereunder.

 

“Security Agreement”
means, collectively, the Security Agreement dated as of the date hereof executed by the Loan Parties party thereto, substantially in the
form of Exhibit F, together with each other security agreement and security agreement supplement executed and delivered pursuant
to Section 6.12, 6.14 or 6.16.

 

“Security Agreement
Supplement” has the meaning specified in the Security Agreement.

 

“Seller”
has the meaning specified in the Preliminary Statements of this Agreement.

 

“Seller Notes”
means any promissory note or notes issued by the Borrower or a Restricted Subsidiary of the Borrower in respect of any acquisition permitted
hereunder as consideration in connection with such acquisition, but that is not in the nature of an earn-out obligation or similar deferred
or contingent obligation.

 

“Settlement Report”
a report summarizing Revolving Credit Loans, Swingline Loans and participations in L/C Obligations outstanding as of a given settlement
date, allocated to the Lenders on a Pro Rata Share basis in accordance with their Revolving Credit Commitments.

 

    96 

     

    

 

“Similar Business”
means any business engaged or proposed to be engaged in by Holdings and its Subsidiaries on the Third Amendment Effective Date and any
business or other activities that are similar, ancillary, complementary, incidental or related thereto, or an extension, development or
expansion of, the businesses in which Holdings and its Subsidiaries are engaged.

 

“SOFR”
means a rate equal to the secured overnight financing rate as administered by the SOFR Administrator.

 

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

 

“SOFR Floor”
means 0.00% per annum.

 

“SOFR Rate Loan”
means a Revolving Credit Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the
definition of “Base Rate”, or the then current Benchmark.

 

“Sold Companies”
has the meaning specified in the definition of “Closing Date Purchase Agreement”.

 

“Solvent”
means, with respect to any Person on any date of determination, that on such date, such Person and its Subsidiaries, when taken as a whole
on a consolidated basis, (a) have property with a fair value greater than the total amount of their debts and liabilities, contingent,
subordinated or otherwise, (b) have assets with present fair salable value not less than the amount that will be required to pay
their liability on their debts as they become absolute and matured, (c) will be able to pay their debts and liabilities, subordinated,
contingent or otherwise, as they become absolute and matured and (d) are not engaged in business or a transaction, and are not about
to engage in business or a transaction, for which they have unreasonably small capital. The amount of contingent liabilities at any time
shall be computed as the amount that, in the light of all the facts and circumstances existing at such time, represents the amount that
can reasonably be expected to become an actual or matured liability or, if a different methodology is prescribed by applicable Laws, as
prescribed by such Laws.

 

“SPC” has
the meaning specified in Section 10.07(g).

 

“Specified Default”
means (i) the occurrence and continuance of an Event of Default under Section 8.01(a), (f) or (g), (ii) the occurrence
and continuance of an Event of Default under Section 8.01(d) as a result of a material breach of any representation or warranty
set forth in any Borrowing Base Certificate (or a misrepresentation of the Borrowing Base in any material respect), (iii) the occurrence
and continuance of an Event of Default under Section 8.01(b) as a result of the failure of any Loan Party to comply with the
terms of Section 6.20 or a failure to comply with the delivery obligations with respect to Borrowing Base Certificates set forth
in Section 6.02(h) or (iv) the occurrence and continuance of an Event of Default under Section 8.01(b) as a result
of the failure to comply with the terms of Section 7.08.

 

“Specified Equity
Contribution” has the meaning specified in Section 8.03.

 

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“Specified Event
of Default” means an Event of Default under Section 8.01(a), (f) (with respect to a Borrower) or (g) (with respect
to a Borrower).

 

“Specified Representations”
means the representations and warranties made solely by Holdings, Vertex and the Subsidiary Guarantors in Sections 5.01(a) and (b)(ii),
5.02(a), 5.04, 5.13, 5.17, 5.18 (subject to the last paragraph of Section 4.01), 5.19 and 5.20 (in each case, after giving effect
to the Transactions, and in the case of the representations and warranties made pursuant to Sections 5.19 and 5.20, to be limited to the
use of proceeds not violating the Laws referenced therein).

 

“Specified Transaction”
means any Incurrence or repayment of Indebtedness (excluding Indebtedness Incurred under any revolving credit facility or line of credit)
or Investment that results in a Person becoming a Subsidiary, any designation of a Subsidiary as a Restricted Subsidiary or as an Unrestricted
Subsidiary, any acquisition or any Disposition that results in a Restricted Subsidiary ceasing to be a Subsidiary of Vertex, any Investment
constituting an acquisition of assets constituting a business unit, line of business or division or substantially all of the assets of
another Person or any Disposition of a business unit, line of business or division of Vertex or any of the Restricted Subsidiaries, in
each case whether by merger, consolidation, amalgamation or otherwise or any material restructuring of Vertex or implementation of any
initiative not in the ordinary course of business or any other transaction or event that by the terms of this Agreement requires Pro Forma
Compliance with a test or covenant hereunder or requires such test or covenant to be calculated on a Pro Forma Basis or giving Pro Forma
Effect to any such transaction or event.

 

“Sponsor”
means American Industrial Partners Capital Fund VI, L.P., and any of its Affiliates and funds, partnerships or co-investment vehicles
managed, advised or controlled by any of them or any of their respective Affiliates (but excluding any operating portfolio companies of
the foregoing).

 

“Stated Maturity”
means with respect to any security, the date specified in such security as the fixed date on which the final payment of principal of such
security is due and payable, including pursuant to any mandatory redemption provision (but excluding any provision providing for the repurchase
of such security at the option of the holder thereof upon the happening of any contingency unless such contingency has occurred).

 

“Stock Certificates”
has the meaning specified in Section 4.01.

 

“Subject Lien”
has the meaning specified in Section 7.02.

 

“Subordinated Indebtedness”
means (a) with respect to any Borrower, any third party Indebtedness of such Borrower which is by its terms contractually subordinated
in right of payment to the Obligations, and (b) with respect to any Guarantor, any third-party Indebtedness of such Guarantor which
is by its terms contractually subordinated in right of payment to its Guarantee of the Obligations.

 

“Subsidiary”
means, with respect to any Person other than those covered by clause (y) below, (1) any corporation, association or other business
entity (other than a partnership, joint venture, limited liability company or similar entity) of which more than 50% of the total voting
power of the Voting Stock is at the time of determination owned or controlled, directly or indirectly, by such Person or one or more of
the other Subsidiaries of that Person or a combination thereof, and (2) any partnership, joint venture, limited liability company
or similar entity of which (x) more than 50% of the capital accounts, distribution rights, total equity and voting interests or general
and limited partnership interests, as applicable, are owned or controlled, directly or indirectly, by such Person or one or more of the
other Subsidiaries of that Person or a combination thereof, whether in the form of membership, general, special or limited partnership
interests or otherwise, and (y) such Person or any Restricted Subsidiary of such Person is a controlling general partner or otherwise
controls such entity.

 

    98 

     

    

 

“Subsidiary Guarantors”
means, collectively, all Guarantors other than Holdings.

 

“Subsidiary Guaranty”
means, collectively, the Subsidiary Guaranty made by the Subsidiary Guarantors in favor of the Administrative Agent on behalf of the Secured
Parties, substantially in the form of Exhibit E-2, together with each other guaranty and guaranty supplement delivered pursuant
to Sections 6.12 or 6.16.

 

“Subsidiary Redesignation”
has the meaning specified in the definition of “Unrestricted Subsidiary”.

 

“Supermajority Lenders”
means, as of any date of determination, Lenders having more than 66 2/3% of the sum of the (a) Total Revolving Credit Outstandings
(with the aggregate amount of each Lender’s risk participation and funded participation in L/C Obligations and Swingline Loans being
deemed “held” by such Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments;
provided that (x) for purposes of making a determination of Supermajority Lenders the unused Revolving Credit Commitment of,
and the portion of the Total Revolving Credit Outstandings held or deemed held by any Defaulting Lender shall be excluded and (y) at
any time there are two or more Lenders (who are not Affiliates of one another or Defaulting Lenders), “Supermajority Lenders”
must include at least two Lenders (who are not Affiliates of one another).

 

“Supplemental Agent”
has the meaning specified in Section 9.14(a).

 

“Supported QFC”
has the meaning specified in Section 10.24.

 

“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 agreement, including any obligations or liabilities under any such master agreement.

 

    99 

     

    

 

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

 

“Swingline Exposure”
mean the principal amount of the outstanding Swingline Loans. The Swingline Exposure of any Lender shall be the principal amount of the
outstanding Swingline Loans in which such Lender is legally obligated either to make a Base Rate Loan or to purchase a participation in
accordance with Section 2.4, which shall equal such Lender’s Pro Rata Share of all outstanding Swingline Loans

 

“Swingline Lender”
means Ally in its capacity as lender of the Swingline Loans.

 

“Swingline
Loans” mean any Borrowing of Base Rate Loans funded with Swingline Lender’s funds, until such Borrowing is settled
among the Lenders or repaid by the Borrowers.

 

“Swingline Note”
means a promissory note of the applicable Borrower(s) payable to the Swingline Lender or its registered assigns, in substantially
the form of Exhibit B-2 hereto, evidencing the aggregate indebtedness of such Borrower(s) to the Swingline Lender resulting
from the Swingline Loans made by the Swingline Lender.

 

“Swingline Sublimit”
means a Dollar Amount equal to $10,000,000.

 

“Target Business”
has the meaning specified in the Preliminary Statements of this Agreement.

 

“Target Business
Material Adverse Effect” has the meaning assigned to the term “Business Material Adverse Effect” in the Purchase
Agreement.

 

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

 

“Term Loan Priority
Collateral” has the meaning assigned to the term “Fixed Asset Collateral” in the ABL Intercreditor Agreement.

 

“Term SOFR”
means,

 

(a)             for
any calculation with respect to a SOFR Rate Loan, the Term SOFR Reference Rate for a tenor comparable to the applicable Interest Period
on the day (such day, the “Periodic Term SOFR Determination Day”) that is two (2) U.S. Government Securities Business
Days prior to the first day of such Interest Period, as such rate is published by the Term SOFR Administrator; provided, however, that
if as of 5:00 p.m. (New York City time) on any Periodic 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 Periodic Term SOFR Determination Day, and

 

    100 

     

    

 

(b)            for
any calculation with respect to a Base Rate Loan on any day, the Term SOFR Reference Rate for a tenor of one month on the day (such day,
the “Base Rate Term SOFR Determination Day”) that is two (2) U.S. Government Securities Business Days prior to
such day, 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 Base Rate 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
Base Rate SOFR Determination Day.

 

“Term SOFR Administrator”
means CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Reference Rate selected by Administrative
Agent in its reasonable discretion).

 

“Term SOFR Reference
Rate” means the forward-looking term rate based on SOFR.

 

“Test Period”
means, on any date of determination, with respect to the Borrower Parties on a consolidated basis, the four (4) consecutive fiscal
quarters of the Borrower Parties most recently then ended and for which financial statements have been delivered (or were required to
be delivered) pursuant to Section 6.01(a) or (b) (or, before the first delivery of such financial statements, the most
recent period of four consecutive fiscal quarters ended March 31, 2018).

 

“Threshold Amount”
means the greater of (i) $42,000,000 and (ii) 20.0% of Consolidated EBITDA of the Borrower Parties.

 

“Third Amendment”
means the Third Amendment to ABL Credit Agreement, dated as of the Third Amendment Effective Date, by and among the Loan Parties, Administrative
Agent and Lenders.

 

“Third Amendment
Effective Date” means December 6, 2021.

 

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

 

“Transaction Agreement
Date” has the meaning specified in Section 1.02.

 

“Transaction Costs”
has the meaning specified in the definition of “Transactions.”

 

    101 

     

    

 

“Transactions”
means the transactions contemplated pursuant to the Purchase Agreement (including the Acquisition), together with each of the following
transactions consummated or to be consummated in connection therewith:

  

(a)            Vertex
obtaining the First Lien Term Facility and the Second Lien Term Facility;

 

(b)            the
Borrowers, the Administrative Agent and the Lenders entering into the Third Amendment;

 

(c)            (i) the
direct or indirect cash equity investment in Vertex (or a parent company thereof) made by the Sponsor, certain limited partners thereof
or other investors (the “Investors”) along with any additional co-investors arranged by or designated by the Investors,
in an amount not less than $60.0 million (the “Investor Equity Contribution”) and (ii) the issuance by the direct
or indirect parent of Vertex of additional equity which may include any perpetual preferred equity investment (clauses (i) and (ii),
collectively, the “Equity Contribution”);

 

(d)            the
repayment in full and of outstanding principal, accrued and unpaid interest, fees, and other amounts (other than contingent indemnification
obligations for which no claim has been asserted and that by their terms survive the termination of the Existing Term Loan Credit Agreement)
under the Existing Term Loan Credit Agreement (and, in connection therewith, any security interests and guarantees in connection therewith
shall be terminated and/or released) (the “Refinancing”); and

 

(e)            the
payment of all fees, premiums, costs and expenses (including original issue discount and upfront fees) incurred in connection with the
transactions described in the foregoing provisions of this definition (the “Transaction Costs”).

 

“Transition Arrangements”
means, collectively, means, collectively, any Transition Services Agreement, the IP Assignment Agreement (as defined in the Purchase
Agreement), the IP Cross-License Agreement (as defined in the Purchase Agreement), each Sublease Agreement (as defined in the Purchase
Agreement), the TDP License Agreement (as defined in the Purchase Agreement), in each case, to be entered into on or prior to (or in
connection with) the Closing Date, as amended, restated, amended and restated, modified, supplemented or replaced from time to time in
a manner not materially adverse to the interest of any Borrower and the Restricted Subsidiaries from time to time.

 

“Transition Services
Agreement” means any Transition Services Agreement (as defined in the Purchase Agreement), as amended, restated, amended and
restated, modified, supplemented or replaced from time to time in a manner not materially adverse to the interest of Vertex and its Restricted
Subsidiaries from time to time.

 

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

 

“UCC Filing Collateral”
has the meaning specified in Section 4.01.

 

“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.

 

    102 

     

    

  

“UK Resolution Authority”
means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution.

 

“Unadjusted Benchmark
Replacement” means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.

 

“Unbilled Accounts
Receivable” means Accounts Receivable where the Account Debtor with respect to such Accounts Receivable has not been billed
or invoiced for the applicable goods or services.

 

“Undisclosed Administration”
means in relation to a Lender or its direct or indirect parent company the appointment of an administrator, provisional liquidator, conservator,
receiver, trustee, custodian or other similar official by a supervisory authority or regulator under or based on the law in the country
where such Person is subject to home jurisdiction supervision if applicable law requires that such appointment is not to be publicly
disclosed.

 

“Unfunded Advances/Participations”
means (a) with respect to the Administrative Agent, the aggregate amount, if any (i) made available to the Borrowers on the
assumption that each Lender has made available to the Administrative Agent such Lender’s share of the applicable Borrowing available
to the Administrative Agent as contemplated by Section 2.12(b) and (ii) with respect to which a corresponding amount shall
not in fact have been returned to the Administrative Agent by the Borrowers or made available to the Administrative Agent by any such
Lender, (b) with respect to any L/C Issuer, the aggregate amount, if any, of amounts drawn under Letters of Credit in respect of
which a Revolving Credit Lender shall have failed to make Revolving Credit Loans or L/C Advances to reimburse such L/C Issuer pursuant
to Section 2.03(d) and (c) with respect to Swingline Lender, the aggregate amount, if any, of Swingline Loans in respect
of which a Revolving Credit Lender shall have failed to make Revolving Credit Loans or purchase participation interests to reimburse
such Swingline Lender pursuant to Section 2.04.

 

“Unfunded Pension
Liability” means the excess of a Plan’s benefit liabilities under Section 4001(a) of ERISA over the current
value of such Plan’s assets, determined in accordance with assumptions used for funding the Plan pursuant to Section 412 of
the Code for the applicable plan year.

 

“Uniform Commercial
Code” or “UCC” means the Uniform Commercial Code as the same may from time to time be in effect in the State
of New York or the Uniform Commercial Code (or similar code or statute) of another jurisdiction, to the extent it may be required to
apply to any item or items of Collateral.

 

“United Kingdom”
means the United Kingdom of Great Britain and Northern Ireland.

 

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

 

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“Unpaid Amount”
has the meaning specified in Section 7.05.

  

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

 

“Unrestricted Cash
Amount” means, as of any date of determination, the amount of (a) cash and Cash Equivalents of Holdings and its Restricted
Subsidiaries (whether or not held in an account pledged to the Administrative Agent) to the extent not required to be designated as restricted
on the consolidated balance sheet of Holdings and its Restricted Subsidiaries in accordance with GAAP and (b) cash and Cash Equivalents
restricted in favor of the Facility (which may also include cash and Cash Equivalents securing other Indebtedness secured by a Lien on
the Collateral), the First Lien Term Facility or the Second Lien Term Facility.

 

“Unrestricted Subsidiary”
means:

 

(1)            any
Subsidiary of Vertex that at the time of determination shall be designated an Unrestricted Subsidiary by the Board of Directors of the
Vertex, Holdings or any Parent Holding Company in the manner provided below; and

 

(2)            any
Subsidiary of an Unrestricted Subsidiary.

 

The Borrower Representative
may designate (or subsequently re-designate) any Subsidiary of Vertex (other than the Borrower Representative or a Borrower) (including
any existing Subsidiary and any newly acquired or newly formed Subsidiary of Vertex that is not then a Borrower) to be an Unrestricted
Subsidiary unless such Subsidiary or any of its Subsidiaries owns any Capital Stock or Indebtedness of, or owns or holds any Lien on
any property of, Vertex or any other Subsidiary of Vertex that is not a Subsidiary of the Subsidiary to be so designated; provided,
however, that the Subsidiary to be so designated and its Subsidiaries do not at the time of designation have any Indebtedness
pursuant to which the lender has recourse to any of the assets of Vertex or any of its Restricted Subsidiaries; provided, further,
however, that either:

 

(a)            the
Subsidiary to be so designated has total consolidated assets of $1,000 or less; or

 

(b)            if
such Subsidiary has consolidated assets greater than $1,000, then the Investment arising from such designation would be permitted under
Section 7.05.

 

The Borrower Representative
may designate any Unrestricted Subsidiary to be a Restricted Subsidiary (a “Subsidiary Redesignation”). Any Indebtedness
of such Subsidiary and any Liens encumbering its assets at the time of such designation shall be deemed newly Incurred or established,
as applicable, at such time.

 

Any such designation by the
Borrower Representative shall be evidenced to the Administrative Agent by promptly delivering to the Administrative Agent an officer’s
certificate certifying that such designation complied with the foregoing provisions.

 

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For purposes of designating
any Restricted Subsidiary as an Unrestricted Subsidiary, all outstanding Investments by Vertex and its Restricted Subsidiaries (except
to the extent repaid) in the Subsidiary so designated will be deemed to be Investments in such Unrestricted Subsidiary in an amount determined
as set forth in the last sentence of the definition of “Investments”; provided that if such Investment in such Unrestricted
Subsidiary results in the Disposition of ABL Priority Collateral having a Fair Market Value in excess of $10,000,000 to an Unrestricted
Subsidiary, the Borrower Representative shall deliver to the Administrative Agent an updated Borrowing Base Certificate demonstrating
the pro forma Borrowing Base after giving effect to such Investment upon the consummation of such Investment.

  

Notwithstanding the foregoing,
the Borrower shall not be permitted to designate any subsidiary that holds Material Intellectual Property or Contracts as an Unrestricted
Subsidiary and neither Vertex nor any Restricted Subsidiary shall be permitted to contribute, sell, transfer or otherwise dispose of
any Material Intellectual Property or Contracts to an Unrestricted Subsidiary.

 

“U.S. Government
Securities Business Day” means any day except for (a) a Saturday, (b) a Sunday or (c) a day on which the Securities
Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for
purposes of trading in United States government securities.

 

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

 

“U.S. Obligor”
means Holdings, the Borrowers and any Guarantor which is a Domestic Subsidiary.

 

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

 

“Vertex”
has the meaning specified in the introductory paragraph to this Agreement.

 

“Vertex Holdings”
has the meaning specified in the Preliminary Statements of this Agreement.

 

“Voting Stock”
of any Person as of any date means the Capital Stock of such Person that is at the time entitled to vote (without regard to the occurrence
of any contingency) in the election of the Board of Directors of such Person.

 

“Weighted Average
Life to Maturity” means, when applied to any Indebtedness or Disqualified Stock or Preferred Stock, as the case may be, at
any date, the number of years (and/or portion thereof) obtained by dividing: (a) the sum of the products obtained by multiplying
(i) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal, including
payment at final maturity, in respect of such Indebtedness or redemption or similar payment, in respect of such Disqualified Stock or
Preferred Stock, by (ii) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the
making of such payment; by (b) the then outstanding principal amount of such Indebtedness; provided that for purposes of determining
the Weighted Average Life to Maturity of any Indebtedness (the “Applicable Indebtedness”), the effects of any amortization
or prepayments made on such Applicable Indebtedness prior to the date of such determination will be disregarded.

 

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“Wholly Owned Restricted
Subsidiary” means any Wholly Owned Subsidiary that is a Restricted Subsidiary.

  

“Wholly Owned Subsidiary”
of any Person means a direct or indirect Subsidiary of such Person 100% of the outstanding Capital Stock or other ownership interests
of which (other than directors’ qualifying shares or shares or interests required to be held by foreign nationals or other third
parties to the extent required by applicable law) shall at the time be owned by such Person or by one or more Wholly Owned Subsidiaries
of such Person.

 

“Withholding Agent”
means any Loan Party and the Administrative Agent.

 

“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 1.02.          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
meanings of defined terms are equally applicable to the singular and plural forms of the defined terms.

 

(b)            The
words “herein,” “hereto,” “hereof” and “hereunder” and words of similar import when used
in any Loan Document shall refer to such Loan Document as a whole and not to any particular provision thereof.

 

(c)            References
in this Agreement to an Exhibit, Schedule, Article, Section, clause or subclause refer (A) to the appropriate Exhibit or Schedule
to, or Article, Section, clause or subclause in this Agreement or (B) to the extent such references are not present in this Agreement,
to the Loan Document in which such reference appears.

 

(d)            The
term “including” is by way of example and not limitation.

 

(e)            The
term “documents” includes any and all instruments, documents, agreements, certificates, notices, reports, financial statements
and other writings, however evidenced, whether in physical or electronic form.

 

(f)            Any
reference herein to any Person shall be construed to include such Person’s successors and permitted assigns.

 

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(g)            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.”

  

(h)            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.

 

(i)            In
measuring compliance with this Agreement with respect to any (x) Investment or acquisition (whether by merger, consolidation or
other business combination or acquisition of Capital Stock or otherwise) and (y) Restricted Payment, repayment, repurchase or refinancing
of Indebtedness with respect to which an irrevocable notice of Restricted Payment or repayment (or similar irrevocable notice), which
may be conditional, has been delivered, in each case for purposes of determining:

 

(1)            whether
any Indebtedness (including Acquired Indebtedness) that is being Incurred in connection with such Investment, acquisition or repayment,
repurchase or refinancing of Indebtedness is permitted to be Incurred in compliance with Section 2.14 or Section 7.01;

 

(2)            whether
any Lien being Incurred in connection with such Investment, acquisition or repayment, repurchase or refinancing of Indebtedness or to
secure any such Indebtedness is permitted to be Incurred in accordance with Section 7.02 or the definition of “Permitted Liens”;

 

(3)            whether
any other transaction undertaken or proposed to be undertaken in connection with such Investment, acquisition or repayment, repurchase
or refinancing of Indebtedness complies with the covenants or agreements contained in this Agreement;

 

(4)            whether
any representation or warranty set forth herein is true or correct;

 

(5)            whether
a Default or Event of Default (or any type of Default or Event of Default) shall have occurred and be continuing;

 

(6)            any
calculation of the ratios or baskets, including Fixed Charge Coverage Ratio, Consolidated First Lien Net Leverage Ratio, Consolidated
Secured Net Leverage Ratio, Consolidated Total Net Leverage Ratio, Consolidated Interest Coverage Ratio, Consolidated EBITDA, Consolidated
Net Income, Consolidated Net Tangible Assets, Pro Forma Cost Savings and Pro Forma Revenue Synergies (other than, for the avoidance of
doubt, any calculation of Excess Availability, including in connection with determinations to be made under the definition of “Payment
Conditions”) and whether a Default or Event of Default exists in connection with the foregoing,

 

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at
the option of the Borrower Representative, the date that the letter of intent or definitive agreement for such Investment, acquisition
or repayment, repurchase or refinancing of Indebtedness is entered into or notice, which may be conditional, of such Restricted Payment
or repayment, repurchase or refinancing of Indebtedness is given to the holders of such Indebtedness (the “Transaction Agreement
Date”) may be used as the applicable date of determination, as the case may be, in each case with such pro forma adjustments
as are appropriate and consistent with the pro forma adjustment provisions set forth in the definition of “Pro Forma Basis”
or “Consolidated EBITDA” (provided that, notwithstanding the Borrower Representative’s election to use the Transaction
Agreement Date under this Section 1.02(i), the Borrower Representative may elect (in its discretion) to re-determine one or more
of clauses (1) through (6) above at (x) the time of any delivery of financial statements prior to the consummation of
such transaction or (y) the time of the consummation of such transaction). For the avoidance of doubt, if the Borrower Representative
elects to use the Transaction Agreement Date as the applicable date of determination in accordance with the foregoing, (a) any fluctuation
or change in the Fixed Charge Coverage Ratio, Consolidated First Lien Net Leverage Ratio, Consolidated Secured Net Leverage Ratio, Consolidated
Total Net Leverage Ratio, Consolidated Interest Coverage Ratio, Consolidated EBITDA, Consolidated Net Income, Consolidated Net Tangible
Assets, Pro Forma Cost Savings and/or Pro Forma Revenue Synergies of Vertex from the Transaction Agreement Date to the consummation of
such Investment, acquisition, Restricted Payment or repayment, repurchase or refinancing of Indebtedness, will not be taken into account
for purposes of determining whether any Indebtedness or Lien that is being Incurred in connection with such Investment, acquisition or
repayment, repurchase or refinancing of Indebtedness, or in connection with compliance by the Borrowers or any of the Restricted Subsidiaries
with any other provision of the Loan Documents or any other transaction undertaken in connection with such Investment, acquisition or
repayment, repurchase or refinancing of Indebtedness, is permitted to be Incurred, (b) until such Investment, acquisition, Restricted
Payment or repayment, repurchase or refinancing of Indebtedness is consummated or such definitive agreements are terminated (or conditions
in any conditional notice can no longer be met), such Investment, acquisition or repayment, repurchase or refinancing of Indebtedness
and all transactions proposed to be undertaken in connection therewith (including the Incurrence of Indebtedness and Liens and the intended
use of proceeds thereof) and at the election of the Borrower Representative, other acquisitions or similar investments for which a letter
of intent or definitive agreements have been executed will be given pro forma effect when determining compliance of other transactions
(including the Incurrence of Indebtedness and Liens unrelated to such Investment, acquisition or repayment, repurchase or refinancing
of Indebtedness) that are consummated after the Transaction Agreement Date and on or prior to the consummation of such Investment, acquisition,
Restricted Payment or repayment, repurchase or refinancing of Indebtedness and any such transactions (including any Incurrence of Indebtedness
and the use of proceeds thereof) will be deemed to have occurred on the date the definitive agreements are entered and outstanding thereafter
for purposes of calculating any baskets or ratios under the Loan Documents after the date of such agreement and before the consummation
of such Investment, acquisition or repayment, repurchase or refinancing of Indebtedness and (c) no Default or Event of Default shall
occur solely based on any fluctuation or change in the Fixed Charge Coverage Ratio, Consolidated First Lien Net Leverage Ratio, Consolidated
Secured Net Leverage Ratio, Consolidated Total Net Leverage Ratio, Consolidated Interest Coverage Ratio, Consolidated EBITDA, Consolidated
Net Income, Consolidated Net Tangible Assets, Pro Forma Cost Savings and/or Pro Forma Revenue Synergies of Vertex from the Transaction
Agreement Date to the consummation of such Investment, acquisition, Restricted Payment or repayment, repurchase or refinancing of Indebtedness.

 

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(j)            As
used herein, the term “Consolidated EBITDA” is deemed to refer to Consolidated EBITDA of the Borrower Parties for the Test
Period most recently then ended.

  

Section 1.03.         Accounting
Term.

 

(a)            All
accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data (including
financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity
with, GAAP, as in effect from time to time.

 

(b)            If
at any time any change in GAAP or the application thereof would affect the computation or interpretation of any financial ratio, basket,
requirement or other provision set forth in any Loan Document, and either the Borrowers or the Required Lenders shall so request, the
Administrative Agent and the Borrowers shall negotiate in good faith to amend such ratio, basket, requirement or other provision to preserve
the original intent thereof in light of such change in GAAP or the application thereof (subject to the approval of the Required Lenders
not to be unreasonably withheld, conditioned or delayed); provided that, until so amended, such ratio, basket, requirement or
other provision shall continue to be computed or interpreted in accordance with GAAP or the application thereof prior to such change
therein.

 

(c)            Notwithstanding
anything to the contrary contained herein, all such financial statements shall be prepared, and all financial covenants contained herein
or in any other Loan Document shall be calculated, in each case, without giving effect to any election under FASB ASC 825 (or any similar
accounting principle) permitting a Person to value its financial liabilities at the fair value thereof.

 

(d)            Notwithstanding
anything to the contrary contained herein, unless the Borrower has irrevocably elected pursuant to a certificate executed by an Responsible
Officer of the Borrower and delivered to the Administrative Agent that this clause (d) shall no longer apply with respect to an
applicable Test Period and each Test Period thereafter on or prior to the delivery of financial statements for such Test Period pursuant
to Section 6.01, the determination of whether a lease is a Capital Lease or a Non-Finance Lease, shall, in each case, be determined
without giving effect to ASC 842 (Leases), except that financial statements delivered pursuant to Section 6.01 may be prepared in
accordance with GAAP (including giving effect to ASC 842 (Leases)) as in effect at the time of such delivery).

 

Section 1.04.          Rounding.
Any financial ratios required to be maintained by the Borrowers, or satisfied in order for a specific action to be permitted, under 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).

 

Section 1.05.          References
to Agreements and Laws. Unless otherwise expressly provided herein, (a) references to Organization Documents, agreements (including
the Loan Documents) and other contractual instruments shall be deemed to include all subsequent amendments, restatements, extensions,
supplements and other modifications thereto, but only to the extent that such amendments, restatements, extensions, supplements and other
modifications are permitted by any Loan Document and (b) references to any Law shall include all statutory and regulatory provisions
consolidating, amending, replacing, supplementing or interpreting such Law.

 

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Section 1.06.          Times
of Day. Unless otherwise specified, all references herein to times of day shall be references to Eastern time (daylight savings or
standard, as applicable).

 

Section 1.07.          Timing
of Payment or Performance. When the payment of any obligation or the performance of any covenant, duty or obligation is stated to
be due or performance required on a day which is not a Business Day, the date of such payment (other than as specifically provided in
Section 2.12 or as described in the definition of Interest Period) or performance shall extend to the immediately succeeding Business
Day.

 

Section 1.08.          Currency
Equivalents Generally.

 

(a)            Any
amount specified in this Agreement (other than in Articles II, IX and X or as set forth in clause (b) of this Section 1.08)
or any of the other Loan Documents to be in Dollars shall also include the equivalent of such amount in any currency other than Dollars,
such equivalent amount to be determined at the rate of exchange quoted by the Reuters World Currency Page for such other currency
at 11:00 a.m. (London time) on such day (or, in the event such rate does not appear on any Reuters World Currency Page, by reference
to such other publicly available service for displaying exchange rates as may be agreed upon by the Administrative Agent and the Borrowers,
or, in the absence of such agreement, such rate shall instead be the arithmetic average of the spot rates of exchange of the Administrative
Agent in the market where its foreign currency exchange operations in respect of such currency are then being conducted, at or about
10:00 a.m. (New York City time) on such date for the purchase of Dollars for delivery two (2) Business Days later); provided
that if any basket is exceeded solely as a result of fluctuations in applicable currency exchange rates after the last time such
basket was utilized, such basket will not be deemed to have been exceeded solely as a result of such fluctuations in currency exchange
rates.

 

(b)            For
purposes of determining the Consolidated First Lien Net Leverage Ratio, Consolidated Secured Net Leverage Ratio, Consolidated Total Net
Leverage Ratio, the Consolidated Interest Coverage Ratio and the Fixed Charge Coverage Ratio, amounts denominated in a currency other
than Dollars will be converted to Dollars for the purposes of (A) testing the Financial Covenant, at the exchange rate as of the
last day of the fiscal quarter for which such measurement is being made, and (B) otherwise, at the exchange rate as of the date
of calculation, and will, in the case of Indebtedness, Consolidated Funded First Lien Indebtedness, Consolidated Funded Indebtedness
and Consolidated Funded Secured Indebtedness, be the weighted average exchange rates used for determining Consolidated EBITDA for the
relevant period; provided that if any Borrower Party has entered into any currency Swap Contracts in respect of any borrowings,
the currency and amount of such borrowings shall be determined by first taking into account the effects of that currency Swap Contract.

 

(c)            The
Administrative Agent shall determine the Dollar Amount of each L/C Obligation in respect of Letters of Credit denominated in an Alternative
Currency (i) upon the issuance and increase of any Letter of Credit denominated in an Alternative Currency and (ii) shall,
at the time of delivery of each Borrowing Base Certificate, promptly notify the Borrowers and the Revolving Credit Lenders of each Dollar
Amount so determined by it.

 

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(d)            Notwithstanding
anything to the contrary in this Agreement, any (i) representation or warranty that would be untrue or inaccurate, (ii) any
undertaking that would be breached or (iii) any event that would constitute a Default or an Event of Default, in each case, solely
as a result of fluctuations in applicable currency exchange rates, shall not be deemed to be untrue, inaccurate, breached or so constituted,
as applicable, solely as a result of such fluctuations in currency exchange rates.

 

(e)            Wherever
in this Agreement in connection with 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 Letter of Credit is denominated in an Alternative Currency, such amount shall be
the relevant Dollar Amount of such Alternative Currency (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.

 

(f)            The
Administrative Agent does not warrant, nor accept responsibility, nor shall the Administrative Agent have any liability with respect
to the administration, submission or any other matter related to the rates in the definition of “Term SOFR” or with respect
to any comparable or successor rate thereto.

 

Section 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 after giving effect to any expiration periods applicable thereto; provided,
however, that (i) if any presentation of drawing documents shall have been made on or prior to the expiration date of such
Letter of Credit and the applicable L/C Issuer shall not yet have honored such drawing or given notice of dishonor, the amount of such
Letter of Credit that is the subject of such drawing shall be treated as still outstanding and (ii) 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.

 

Section 1.10.          Pro
Forma Calculations. Notwithstanding anything to the contrary herein (subject to Section 1.02(i)), the Fixed Charge Coverage
Ratio, the Consolidated First Lien Net Leverage Ratio, the Consolidated Secured Net Leverage Ratio, the Consolidated Total Net Leverage
Ratio, the Consolidated Interest Coverage Ratio, Consolidated EBITDA, Consolidated Net Income and Consolidated Net Tangible Assets shall
be calculated (including for purposes of Section 2.14) on a Pro Forma Basis with respect to each Specified Transaction occurring
during the applicable Test Period to which such calculation relates, and/or subsequent to the end of the applicable Test Period but not
later than the date of such calculation; provided that notwithstanding the foregoing, when calculating the Fixed Charge Coverage
Ratio for purposes of determining actual compliance (and not Pro Forma Compliance or compliance on a “Pro Forma Basis”)
with the Financial Covenant, any Specified Transaction and any related adjustment contemplated in the definition of Pro Forma Basis (and
corresponding provisions of the definition of “Consolidated EBITDA”) that occurred subsequent to the end of the applicable
Test Period shall not be given Pro Forma Effect. With respect to any pro forma calculations to be made in connection with any acquisition
or investment in respect of which financial statements for the relevant target are not available for the same Test Period for which internal
financial statements of Vertex are available, Borrower Representative shall determine such pro forma calculations on the basis of the
available financial statements (even if for differing periods) or such other basis as determined on a commercially reasonable basis by
the Borrower Representative.

 

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Section 1.11.          Calculation
of Baskets.

 

(a)            If
any of the baskets set forth in this Agreement are exceeded solely as a result of fluctuations to Consolidated EBITDA or Consolidated
Net Tangible Assets for the most recently completed fiscal quarter after the last time such baskets were calculated for any purpose under
this Agreement, such baskets will not be deemed to have been exceeded solely as a result of such fluctuations.

 

(b)            Notwithstanding
anything to the contrary in this Agreement, with respect to any amounts incurred or transactions entered into (or consummated) in reliance
on a Basket or other provision of this Agreement (any such Basket or other provision, a “Fixed Basket”) that does
not require compliance with a financial ratio or test (including, without limitation, Pro Forma Compliance with any Consolidated First
Lien Net Leverage Ratio test, Consolidated Secured Net Leverage Ratio test, Consolidated Total Net Leverage Ratio test, any Fixed Charge
Coverage Ratio test or any Consolidated Interest Coverage Ratio test) (any such ratio or test, a “Financial Incurrence Test”)
(any such amounts, including, for the avoidance of doubt, (i) Designated Funding Commitments and amounts drawn under the Facility
and (ii) any grower component based on Consolidated EBITDA or Consolidated Net Tangible Assets, the “Fixed Amounts”),
in each case, substantially concurrently with (or as part of a single transaction or a series of related transactions with) any amounts
incurred or transactions entered into (or consummated) in reliance on a provision of this Agreement that requires compliance with any
Financial Incurrence Test (any such amounts, the “Incurrence-Based Amounts”), it is understood and agreed that such Fixed
Amounts (or any other amounts incurred under a Fixed Basket) (but giving full Pro Forma Effect to the use of proceeds of all such amounts
and concurrent related transactions) shall be disregarded in the calculation of any Financial Incurrence Test applicable to Incurrence-Based
Amounts that is substantially concurrent (or part of a single transaction or a series of related transactions); provided that,
notwithstanding anything to the contrary in this Agreement, any amounts incurred or transactions entered into (or consummated) in reliance
on a provision of this Agreement that is expressly limited by a fixed-dollar limitation (including any grower component based on a percentage
of Consolidated EBITDA or Consolidated Net Tangible Assets) and that includes, as a condition to incurring amounts or entering into or
consummating transactions, in reliance on such provision limited by a fixed-dollar limitation, a requirement of compliance with a Financial
Incurrence Test (including, without limitation, incurring amounts or entering into or consummating transactions under clause (4) of
the first paragraph of Section 7.05) shall constitute a “Fixed Amount” hereunder. If any Lien, Investment, Indebtedness,
Asset Sale, Restricted Payment or Affiliate Transaction or other transaction, action, judgment or amount incurred under any provision
in this Agreement or any other Loan Document (or any portion of the foregoing) previously divided and classified (or re-divided and re-classified)
as set forth below under any Fixed Amount, could subsequently be re-divided and re-classified as an Incurrence-Based Amount, such re-division
and re-classification shall be deemed to occur automatically, in each case, unless otherwise elected by the Borrower Representative.

 

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(c)            For
purposes of determining compliance with Section 2.14 or any of the covenants set forth in Article VI or Article VII at
any time (whether at the time of incurrence or thereafter), if any Lien, Investment, Indebtedness, Disqualified Stock, Preferred
Stock, Asset Sale (or other disposition, sale or transfer of assets), Restricted Payment or Affiliate Transaction (or any portion of
the foregoing) meets the criteria of one, or more than one, of the clauses of the provision permitting (including by way of exemption)
such Lien, Investment, Indebtedness, Disqualified Stock, Preferred Stock, Asset Sale (or other disposition, sale or transfer
of assets), Restricted Payment or Affiliate Transaction, as the case may be or any portion thereof, the Borrower Representative (i) shall
in its sole discretion determine under which clause or clauses such Lien, Investment, Indebtedness, Asset Sale (or other disposition,
sale or transfer of assets), Restricted Payment or Affiliate transaction (or, in each case, any portion thereof), as the case may be,
is classified and (ii) shall be permitted, in its sole discretion, to make any subsequent redetermination and/or to divide, classify
or reclassify under which clause or clauses such Lien, Investment, Indebtedness, Disqualified Stock, Preferred Stock, Asset
Sale (or other disposition, sale or transfer of assets), Restricted Payment or Affiliate Transaction, as the case may be, is permitted
from time to time as it may determine and without notice to the Administrative Agent or any Lender (including to re-classify utilization
of any Fixed Amounts as being incurred under any Incurrence-Based Amounts or other Fixed Amounts or utilization of any Incurrence-Based
Amounts as being incurred under any Fixed Amount or other Incurrence-Based Amounts); provided that (i) any amount incurred
under a Fixed Amount which may later be reclassified as incurred under an Incurrence-Based Amount shall automatically be reclassified
as incurred under the applicable Incurrence-Based Amount, unless otherwise elected by the Borrower Representative, (ii) all Indebtedness
under this Agreement Incurred on or after the Closing Date shall be deemed to have been Incurred pursuant to Section 7.01(a) and
the Borrower Representative shall not be permitted to reclassify all or any portion of Indebtedness Incurred on or after the Closing
Date pursuant to Section 7.01(a), and (iii) all Indebtedness under the First Lien Credit Agreement Incurred on or after the
Third Amendment Effective Date will be deemed to have been Incurred pursuant to Section 7.01(b) and all Indebtedness under
the Second Lien Credit Agreement Incurred on or after the Closing Date will be deemed to have been Incurred pursuant to Section 7.01(b) and
the Borrowers shall not be permitted to reclassify all or any portion of such Indebtedness.

 

(d)            If
any Lien, Investment, Indebtedness, Disqualified Stock or Preferred Stock, Asset Sale (or other disposition or other sale or
transfer of assets), Restricted Payment, Affiliate Transaction, or other transaction or action is incurred, issued or consummated in
reliance on a Basket measured by reference to a percentage of Consolidated EBITDA or Consolidated Net Tangible Assets, and any such Lien, Investment, Indebtedness,
Disqualified Stock or preferred Capital Stock, disposition or other sale or transfer of assets, Restricted Payment, Affiliate transaction,
Contractual Requirement, prepayment or redemption of Indebtedness or other transaction or action would subsequently exceed the applicable
percentage of Consolidated EBITDA or Consolidated Net Tangible Assets, as applicable, under such Basket if calculated based on the Consolidated
EBITDA or Consolidated Net Tangible Assets, as applicable, on a later date (including the date of any refinancing), such percentage of
Consolidated EBITDA or Consolidated Net Tangible Assets, as applicable, will be deemed not to be exceeded; provided that, in the case
of refinancing any Indebtedness, Disqualified Stock or Preferred Stock (and any related Lien) in reliance on this clause (d), the principal
amount of such refinancing Indebtedness, Disqualified Stock or Preferred Stock does not exceed the aggregate outstanding principal amount,
accreted value or liquidation preference of the refinanced Indebtedness, Disqualified Stock or Preferred Stock, plus any Incremental
Amounts Incurred in connection with the refinancing of such Indebtedness, Disqualified Stock or Preferred Stock and the incurrence or
issuance of such refinancing Indebtedness, Disqualified Stock or Preferred Stock.

 

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(e)            With
respect to any Designated Funding Commitment (to the extent loans funded under such Designated Funding Commitment would constitute Indebtedness,
or Capital Stock issued pursuant to such Designated Funding Commitment would constitute Disqualified Stock or Preferred Stock, in each
case, that is subject to Section 7.01), except for purposes of determining the “Applicable Rate”, the incurrence
or issuance of such Indebtedness (and any Lien in connection therewith), Disqualified Stock or Preferred Stock, as applicable, by a Borrower
or any Restricted Subsidiary provided for under such Designated Funding Commitment shall be deemed to occur (on a Pro Forma Basis after
giving effect to the incurrence or issuance of the entire committed amount thereof (but without netting any cash proceeds thereof)) on
the date of designation of such commitment as a Designated Funding Commitment (and any such unfunded commitment constituting a Designated
Funding Commitment under this Agreement shall be deemed outstanding for purposes of incurring or issuing any other Indebtedness, Disqualified
Stock or Preferred Stock or Lien under this Agreement, in each case, at all times such designated commitments remain outstanding) and,
from and after such designation, so long as such incurrence or issuance is permitted under this Agreement on the date of such designation,
Borrower and/or its applicable Restricted Subsidiaries may incur or issue such Indebtedness (including any borrowing, re-borrowing and
issuance of letters of credit thereunder)) (and any Lien in connection therewith), Disqualified Stock or Preferred Stock up to the committed
amount thereof so designated under such Designated Funding Commitment without further compliance with, or determination of availability
under, any Financial Incurrence Test, Incurrence-Based Amount, Fixed Amount, Fixed Basket or other Basket under this Agreement;
provided that, for the avoidance of doubt, (i) the Borrower Representative may revoke any such designation as a Designated
Funding Commitment in accordance with the definition thereof at any time and from time to time and (ii) if any such Designated Funding
Commitment is drawn, such Indebtedness shall be deemed to be outstanding for purposes of testing each applicable Financial Incurrence
Test.

 

(f)            Notwithstanding
anything to the contrary set forth herein, for the avoidance of doubt and without duplication of any applicable Basket set forth herein,
the Loan Documents shall be deemed to permit (x) the Transactions and (y) any Transition Arrangements (or any other transition
or shared services agreements and arrangements in connection with the Acquisition or otherwise contemplated under the Purchase Agreement
that, in each case, are not materially more adverse to the interest of the Borrower and its Restricted Subsidiaries than the Transition
Arrangements entered into on or prior to the Third Amendment Effective Date).

 

Section 1.12.          Borrower
Representative. Each Borrower hereby designates Vertex as its Borrower Representative. The Borrower Representative will be acting
as agent on behalf of each of the Borrowers for the purposes of issuing notices of Borrowing and notices of conversion/continuation of
any Loans pursuant to Section 2.02 or 2.04 or similar notices, giving instructions with respect to the disbursement of the proceeds
of the Loans, selecting interest rate options, requesting Letters of Credit, giving and receiving all other notices and consents hereunder
or under any of the other Loan Documents and taking all other actions (including in respect of compliance with covenants and certifications)
on behalf of any Borrower or the Borrowers under the Loan Documents. The Borrower Representative hereby accepts such appointment. Each
Borrower agrees that each notice, election, representation and warranty, covenant, agreement and undertaking made on its behalf by the
Borrower Representative shall be deemed for all purposes to have been made by such Borrower and shall be binding upon and enforceable
against such Borrower to the same extent as if the same had been made directly by such Borrower.

 

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Section 1.13.          Benchmark
Replacement.

 

(a)            Benchmark
Replacement. Notwithstanding anything to the contrary set forth herein:

 

(i)            Benchmark
Replacement. Notwithstanding anything to the contrary herein or in any other Loan Document, upon the occurrence of a Benchmark Transition
Event or an Early Opt-in Election, as applicable, the Administrative Agent and the Borrower Representative may amend this Agreement to
replace the then-current Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will
become effective at 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the Administrative Agent has posted such
proposed amendment to all affected Lenders and the Borrower Representative so long as the Administrative Agent has not received, by such
time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark with
a Benchmark Replacement pursuant to this Section 1.13(a)(i) will occur prior to the applicable Benchmark Transition Start Date.
No Secured Hedge Agreement shall be deemed to be a “Loan Document” for purposes of this Section 1.13.

 

(ii)            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 (in consultation with the Borrower Representative)
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.

 

(iii)            Notices;
Standards for Decisions and Determinations. The Administrative Agent will promptly notify the Borrower Representative and the Lenders
of (x) the implementation of any Benchmark Replacement or Early Opt-in Election, as applicable, and (y) 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 Representative of the removal or reinstatement of any tenor of a Benchmark pursuant to Section 1.13(a)(iv).
Any determination, decision or election that may be made by the Administrative Agent or, if applicable, the Borrower Representative or
any Lender (or group of Lenders) pursuant to this Section 1.13, including any determination with respect to a tenor, rate or adjustment
or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or
any selection, will be conclusive and binding absent manifest error and may be made in its or their sole discretion and without consent
from any other party to this Agreement or any other Loan Document, except, in each case, as expressly required pursuant to this Section 1.13.

 

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(iv)            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), (x) 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 administrator 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 or in compliance with or aligned with the International Organization
of Securities Commissions (IOSCO) Principles for Financial Benchmarks, 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 (y) if a tenor that was removed pursuant to clause (x) above either (A) is subsequently
displayed on a screen or information service for a Benchmark (including a Benchmark Replacement) or (B) is not, or is no longer,
subject to an announcement that it is not or will not be representative or in compliance with or aligned with the International Organization
of Securities Commissions (IOSCO) Principles for Financial Benchmarks for a Benchmark (including a Benchmark Replacement), 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.

 

(v)            Benchmark
Unavailability Period. Upon the Borrower Representative’s receipt of notice of the commencement of a Benchmark Unavailability
Period, the Borrower Representative may revoke any pending request for a SOFR Rate Loan of, conversion to or continuation of SOFR Rate
Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing that, the Borrower Representative 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 the Base Rate.

 

(b)           1Term
SOFR Conforming Changes. In connection with the use or administration of Term SOFR, the Administrative Agent, in consultation with
the Borrower Representative, 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
Representative and the Lenders of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

 

 

1 NTD: Covered by Section 1.11(f) above.

 

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Section 1.14.          Divisions.
For all purposes under the Loan Documents, in connection with any division or plan of division 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.

 

Article II

The Commitments and Credit Extensions

 

Section 2.01.          Revolving
Credit Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make Revolving Credit Loans to
any of the Borrowers (on a several basis) from time to time on and after the Closing Date, on any Business Day until and excluding the
Business Day preceding the Maturity Date, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s
Revolving Credit Commitment; provided, however, that after giving effect to any Borrowing, (i) the Total Revolving
Credit Outstandings with respect to the Revolving Credit Facility shall not exceed the Loan Cap and (ii) the aggregate Outstanding
Amount of the Revolving Credit Loans of any Lender, plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations
and Swingline Loans, shall not exceed such Lender’s Revolving Credit Commitment. Within the limits of each Lender’s Revolving
Credit Commitment, and subject to the other terms and conditions hereof, each of the Borrowers may borrow under this Section 2.01,
prepay under Section 2.05, and reborrow under this Section 2.01. Revolving Credit Loans may be Base Rate Loans or SOFR Rate
Loans, as further provided herein. Each Revolving Credit Loan shall be denominated in Dollars.

 

Section 2.02.          Borrowings,
Conversions and Continuations of Loans.

 

(a)            Each
Borrowing, each conversion of Revolving Credit Loans from one Type to the other, and each continuation of SOFR Rate Loans, shall be made
upon irrevocable notice by the Borrower Representative to the Administrative Agent. Each such notice must be in writing and must be received
by the Administrative Agent not later than (i) three (3) U.S. Government Securities Business Days prior to the requested date
of any Borrowing of, conversion of Base Rate Loans to, or continuation of, SOFR Rate Loans (or, in the case of any such Borrowing to
be made on the Closing Date, one (1) Business Day), and (ii) by 12:00 pm on the requested date of any Borrowing of Base Rate
Loans or of any conversion of SOFR Rate Loans to Base Rate Loans. Each notice pursuant to this Section 2.02(a) shall be delivered
to the Administrative Agent in the form of a written Committed Loan Notice, appropriately completed and signed by a Responsible Officer
of the Borrower Representative.

 

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Each Borrowing of, conversion
to or continuation of SOFR Rate Loans shall be (i) in a principal amount of $1,000,000, or (ii) a whole multiple of $500,000
in excess thereof. Except as provided in Sections 2.03(d) and 2.04(c), each Borrowing of, or conversion to, Base Rate Loans shall
be (i) in a principal amount of $500,000, or (ii) a whole multiple of $250,000 in excess thereof.

  

Each Committed Loan Notice
shall specify (i) whether the Borrowers (or the applicable Borrower) are requesting a Borrowing, a conversion of a Revolving Credit
Loan from one Type to the other, or a continuation of SOFR Rate Loans, (ii) the requested date of the Borrowing, conversion or continuation,
as the case may be (which shall be a Business Day, and a U.S. Government Securities Business Days in the case of a SOFR Rate Loan), (iii) the
principal amount of Loans to be borrowed, converted or continued, (iv) the Type of Loans to be borrowed and (v) if applicable,
the duration of the Interest Period with respect thereto. If, with respect to any SOFR Rate Loans, the Borrower Representative fails
to specify a Type of Loan in a Committed Loan Notice or if the Borrower Representative fails to give a timely notice requesting a conversion
or continuation, then the applicable Revolving Credit Loans shall be made as, or converted to, SOFR Rate Loans with an Interest Period
of one month. Any such automatic conversion or continuation pursuant to the immediately preceding sentence shall be effective as of the
last day of the Interest Period then in effect with respect to the applicable SOFR Rate Loans. If the Borrower Representative requests
a Borrowing of, conversion to, or continuation of SOFR 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.

 

(b)            Following
receipt of a Committed Loan Notice (other than with respect to a Swingline Loan), the Administrative Agent shall promptly notify each
Lender of the amount of its ratable share of the applicable Revolving Credit Loans, and if no timely notice of a conversion or continuation
of SOFR Rate Loans is provided by the Borrower Representative, the Administrative Agent shall notify each Lender of the details of any
automatic conversion to SOFR Rate Loans with an Interest Period of one month as described in Section 2.02(a). In the case of a Borrowing,
each Lender shall make the amount of its Loan available to the Administrative Agent in immediately available funds at the Administrative
Agent’s Office not later than 3:00 p.m. (New York City time) on the Business Day specified in the applicable Committed Loan
Notice. Each Lender may, at its option, make any Loan available to the Borrowers (or the applicable Borrower) by causing any foreign
or domestic branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the
obligation of the applicable Borrowers to repay such Loan in accordance with the terms of this Agreement. Upon satisfaction of the applicable
conditions set forth in Section 4.02 (or, if such Borrowing is the initial Credit Extension, Section 4.01), the Administrative
Agent shall make all funds so received available to the Borrowers in like funds as received by the Administrative Agent either by (i) crediting
the account of the applicable Borrower on the books of the Administrative Agent with the amount of such funds or (ii) wire transfer
of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the
Borrower Representative.

 

(c)            Except
as otherwise provided herein, a SOFR Rate Loan may be continued or converted only on the last day of an Interest Period for such SOFR
Rate Loan unless the applicable Borrower pays the amounts due under Section 3.06 in connection therewith. During the existence of
an Event of Default, at the election of the Administrative Agent or the Required Lenders, no Loans may be requested as, converted to
or continued as SOFR Rate Loans.

 

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(d)            The
Administrative Agent shall promptly notify the Borrowers and the Lenders of the interest rate applicable to any Interest Period for SOFR
Rate Loans upon determination of such interest rate. The determination of the SOFR Rate by the Administrative Agent shall be conclusive
in the absence of manifest error.

 

(e)            After
giving effect to all Borrowings, all conversions of Revolving Credit Loans from one Type to the other, and all continuations of Revolving
Credit Loans of the same Type, there shall not be more than ten (10) Interest Periods in effect.

 

(f)            The
failure of any Lender to make the Loan to be made by it as part of any Borrowing shall not relieve any other Lender of its obligation,
if any, hereunder to make its Loan on the date of such Borrowing, but no Lender shall be responsible for the failure of any other Lender
to make the Loan to be made by such other Lender on the date of any Borrowing, which for the avoidance of doubt does not limit such Lender’s
obligations under Section 2.17.

 

Section 2.03.          Letters
of Credit.

 

(a)            The
Letter of Credit Commitment. Subject to the terms and conditions set forth herein, (A) each L/C Issuer agrees, in reliance upon
(among other things) the agreements of the Lenders set forth in this Section 2.03, (1) from time to time on any Business Day
during the period from the Closing Date until the Letter of Credit Expiration Date, to issue Letters of Credit denominated in Dollars
(and such other currencies as the L/C Issuer may agree) for the account of any Borrower or any Restricted Subsidiary (provided
that the Borrowers hereby irrevocably agree to reimburse the applicable L/C Issuer for amounts drawn on any Letters of Credit issued
for the account of any Borrower or any Restricted Subsidiary on a joint and several basis with such Restricted Subsidiary) and to amend
or renew Letters of Credit previously issued by it, in accordance with Section 2.03(c), and (2) to honor conforming drawings
under the Letters of Credit and (B) the Lenders severally agree to participate in Letters of Credit for the account of any Borrower
or any Restricted Subsidiary; provided that no L/C Issuer shall be obligated to make any L/C Credit Extension with respect to
any Letter of Credit, and no Lender shall be obligated to participate in any Letter of Credit, if as of the date of such L/C Credit Extension
(x) the Total Revolving Credit Outstandings would exceed the Loan Cap, (y) the aggregate Outstanding Amount of the Revolving
Credit Loans of any Lender, plus such Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations and Swingline Loans,
would exceed such Lender’s Revolving Credit Commitment or (z) the Outstanding Amount of the L/C Obligations would exceed the
Letter of Credit Sublimit. Within the foregoing limits, and subject to the terms and conditions hereof, the Borrowers’ ability
to obtain Letters of Credit shall be fully revolving, and accordingly the Borrowers 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.

 

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(i)            No
L/C Issuer shall be under any obligation to issue any Letter of Credit (and, in the case of clause (B) and (C), no L/C Issuer shall
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 such L/C Issuer
from issuing such Letter of Credit, or any Law applicable to such L/C Issuer or any request or directive (whether or not having the force
of Law) from any Governmental Authority with jurisdiction over such L/C Issuer shall prohibit, or request that such L/C Issuer refrain
from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon such L/C Issuer with respect
to such Letter of Credit any restriction, reserve or capital requirement (for which such L/C Issuer is not otherwise compensated hereunder)
not in effect on the Closing Date, or shall impose upon such L/C Issuer any unreimbursed loss, cost or expense which was not applicable
on the Closing Date and which, in each case, such L/C Issuer in good faith deems material to it;

  

(B)            subject
to Section 2.03(c)(iii), the expiry date of such requested Letter of Credit would occur more than 12 months after the date of issuance
or last renewal, unless the Required Lenders and the applicable L/C Issuer, in their sole discretion, have approved such expiry date;

 

(C)            the
expiry date of such requested Letter of Credit would occur after the Letter of Credit Expiration Date, unless (i) all the Lenders
under the Facility and the applicable L/C Issuer have approved such expiry date and/or (ii) the applicable L/C Issuer has approved
such expiry date and such requested Letter of Credit has been Cash Collateralized by the applicant requesting such Letter of Credit in
accordance with Section 2.16 at least three (3) Business Days prior to the Letter of Credit Expiration Date or such shorter
period as is acceptable to the applicable L/C Issuer in its sole discretion;

 

(D)            the
issuance of such Letter of Credit would violate one or more generally applicable policies of such L/C Issuer in place at the time of
such request;

 

(E)            such
Letter of Credit is in an initial stated amount of less than a Dollar Amount of $100,000 or such lesser amount as is acceptable to the
applicable L/C Issuer in its sole discretion;

 

(F)            such
Letter of Credit is denominated in a currency other than Dollars (or such other currencies as my be agreed to by the applicable L/C Issuer);
or

 

(G)            any
Lender is at that time a Defaulting Lender, unless the applicable L/C Issuer has entered into arrangements, including reallocation of
the Defaulting Lender’s Pro Rata Share of the outstanding L/C Obligations pursuant to Section 2.17(a)(iv) or the delivery
of Cash Collateral in accordance with Section 2.16 with the Borrowers or such Lender to eliminate such 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 such L/C Issuer has
actual or potential Fronting Exposure.

 

(ii)            No
L/C Issuer shall be under any obligation to amend any Letter of Credit if (A) such 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.

 

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

 

(b)            The
foregoing benefits and immunities shall not excuse any L/C Issuer from liability to the Borrowers to the extent of any direct damages
(as opposed to indirect, special, consequential, punitive or exemplary damages claims which are hereby waived by the Borrowers to the
extent permitted by applicable law) suffered by the Borrowers that are caused by such the L/C Issuer’s gross negligence or willful
misconduct as determined by a court of competent jurisdiction in a final and nonappealable judgment.

 

(c)            Procedures
for Issuance and Amendment of Letters of Credit; Auto-Renewal Letters of Credit. (i)  Each Letter of Credit shall be issued
or amended, as the case may be, upon the request of the Borrower Representative delivered to the applicable L/C Issuer (with a copy to
the Administrative Agent) in the form of a Letter of Credit Application, including agreed-upon draft language for such Letter of Credit
reasonably acceptable to the applicable L/C Issuer (it being understood that such draft language for each such Letter of Credit must
be in English or, if agreed to in the sole discretion of the applicable L/C issuer, accompanied by an English translation certified by
the Borrower Representative to be a true and correct English translation), appropriately completed and signed by a Responsible Officer
of the Borrowers. Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later
than 2:00 p.m. (New York City time) (x) at least three (3) Business Days for Letters of Credit denominated in Dollars
or (y) at least five (5) Business Days for Letters of Credit denominated in any currency other than Dollars (or, in each case,
such shorter period as such L/C Issuer and the Administrative Agent 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 reasonably satisfactory to the applicable L/C Issuer: (A) the
proposed issuance date of the requested Letter of Credit (which shall be a Business Day not later than thirty (30) days prior to the
Maturity Date, unless the Administrative Agent and the applicable L/C Issuer otherwise agree); (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 or other documents to be presented by such beneficiary in
case of any drawing thereunder; (G) the Person for whose account the requested Letter of Credit is to be issued (which must be a
Borrower Party); and (H) such other matters as the applicable L/C Issuer may reasonably request. 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 reasonably satisfactory
to the applicable L/C Issuer: (1) the Letter of Credit to be amended; (2) the proposed date of amendment thereof (which shall
be a Business Day); (3) the nature of the proposed amendment and (4) such other matters as the applicable L/C Issuer may reasonably
request.

 

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(ii)            Promptly
following delivery of any Letter of Credit Application to the applicable L/C Issuer, the Borrower Representative will confirm with the
Administrative Agent that the Administrative Agent has received a copy of such Letter of Credit Application and, if the Administrative
Agent has not received a copy of such Letter of Credit Application, then the Borrower Representative will provide the Administrative
Agent with a copy thereof. Upon receipt by such L/C Issuer of confirmation from the Administrative Agent that the requested issuance
or amendment is permitted in accordance with the terms hereof, then, subject to the terms and conditions hereof, such L/C Issuer shall,
on the requested date, issue a Letter of Credit for the account of any Borrower or any Restricted Subsidiary (as designated in the Letter
of Credit Application) or enter into the applicable amendment, as the case may be. Immediately upon the issuance of each Letter of Credit,
each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the applicable L/C Issuer a risk
participation in such Letter of Credit in an amount equal to such Lender’s Pro Rata Share of the Facility multiplied by the amount
of such Letter of Credit.

 

(iii)           If
the Borrower Representative on behalf of the applicable Borrower Party so requests in any applicable Letter of Credit Application, the
applicable L/C Issuer may, in its sole and absolute discretion, agree to issue a Letter of Credit that has automatic renewal provisions
(each, an “Auto-Renewal Letter of Credit”); provided that any such Auto-Renewal Letter of Credit must permit
such L/C Issuer to prevent any such renewal 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 in each such twelve-month period to be agreed upon
at the time such Letter of Credit is issued. Unless otherwise directed by the applicable L/C Issuer, the Borrowers shall not be required
to make a specific request to such L/C Issuer for any such renewal. Once an Auto-Renewal Letter of Credit has been issued, the Lenders
shall be deemed to have authorized (but may not require) the applicable L/C Issuer to permit the renewal of such Letter of Credit at
any time to an expiry date not later than the Letter of Credit Expiration Date; provided, however, that such L/C Issuer
shall not permit any such renewal if such L/C Issuer has determined that it would have no obligation at such time to issue such Letter
of Credit in its renewed form under the terms hereof (by reason of the provisions of Section 2.03(a)(ii) or otherwise).

 

(iv)           Promptly
after its delivery of any Letter of Credit or any amendment to a Letter of Credit to an advising bank with respect thereto or to the
beneficiary thereof, the applicable L/C Issuer will also (A) deliver to the Borrowers, the applicable Borrower Party and the Administrative
Agent a true and complete copy of such Letter of Credit or amendment and (B) the Administrative Agent in turn will notify each Lender
of such issuance or amendment and the amount of such Lender’s Pro Rata Share therein.

 

(v)           Notwithstanding
anything to the contrary set forth above, the issuance of any Letters of Credit by any L/C Issuer under this Agreement shall be subject
to such reasonable additional letter of credit issuance procedures and requirements as may be required by such L/C Issuer’s internal
letter of credit issuance policies and procedures, in its sole discretion, as in effect at the time of such issuance, including requirements
with respect to the prior receipt by such L/C Issuer of customary “know your customer” information regarding a prospective
account party or applicant that is not a Borrower hereunder, as well as regarding any beneficiaries of a requested Letter of Credit and
any other party involved (directly or indirectly) in the related underlying transaction. Additionally, if (a) the beneficiary of
a Letter of Credit issued hereunder is an issuer of a letter of credit not governed by this Agreement for the account of any Borrower
or any Restricted Subsidiary (an “Other LC”), and (b) such Letter of Credit is issued to provide credit support
for such Other LC, no amendments may be made to such Other LC without the consent of the applicable L/C Issuer hereunder.

 

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(d)            Drawings
and Reimbursements; Funding of Participations. (i)  Upon receipt from the beneficiary of any Letter of Credit of any drawing
under such Letter of Credit, the applicable L/C Issuer shall notify the applicable Borrower and the Administrative Agent thereof. Each
L/C Issuer shall notify the applicable Borrower on the date of any payment by such L/C Issuer under a Letter of Credit (each such date,
an “Honor Date”), and such Borrower shall reimburse such L/C Issuer through the Administrative Agent in an amount
equal to the amount of such drawing (and in the same currency thereof) no later than on the next succeeding Business Day (and any reimbursement
made on such next Business Day shall be taken into account in computing interest and fees in respect of any such Letter of Credit) after
such Borrower shall have received notice of such payment, with interest on the amount so paid or disbursed by such L/C Issuer, to the
extent not reimbursed prior to 1:00 p.m. (New York City time) in the case of drawings in Dollars or the Applicable Time in any other
case, in each ease, on the applicable Honor Date, from and including the date paid or disbursed to but excluding the date such L/C Issuer
was reimbursed by the relevant Borrower therefor at a rate per annum equal to the Base Rate as in effect from time to time plus the Applicable
Rate as in effect from time to time for Revolving Credit Loans that are maintained as Base Rate Loans. If the relevant Borrower fails
to so reimburse such L/C Issuer on such next Business Day, the Administrative Agent shall promptly notify each Lender of the Honor Date,
the amount of the unreimbursed drawing under each applicable Letter of Credit (the “Unreimbursed Amount”), and the
amount of such Lender’s Pro Rata Share thereof. In such event, in the case of an Unreimbursed Amount, the applicable Borrower shall
be deemed to have requested a Borrowing of Base Rate Loans, to be disbursed on such date in an amount equal to, the Dollar Amount of
the Unreimbursed Amount, in accordance with the requirements of Section 2.02 but 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 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 an L/C Issuer or the Administrative Agent pursuant to this Section 2.03(d)(i) may be given by telephone if promptly
confirmed in writing; provided that the lack of such a prompt confirmation shall not affect the conclusiveness or binding effect
of such notice.

 

(ii)            Each
Revolving Credit Lender (including each such Lender acting as an L/C Issuer) shall upon any notice pursuant to Section 2.03(d)(i) make
funds available (and the Administrative Agent may apply Cash Collateral provided for this purpose) for the account of the applicable
L/C Issuer, at the Administrative Agent’s Office in an amount equal to, and in Dollars, its applicable Pro Rata Share of the Unreimbursed
Amount not later than 1:00 p.m. (New York City time) on the Business Day specified in such notice by the Administrative Agent, whereupon,
subject to the provisions of Section 2.03(d)(iii), each Revolving Credit Lender that so makes funds available shall be deemed to
have made a Base Rate Loan to the Borrowers in such amount. The Administrative Agent shall promptly remit the funds so received to the
applicable L/C Issuer.

 

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(iii)          With
respect to any Unreimbursed Amount that is not fully refinanced by a Borrowing of Base Rate Loans because the conditions set forth in
Section 4.02 cannot be satisfied or for any other reason, the applicable Borrower shall be deemed to have incurred from the applicable
L/C Issuer an L/C Borrowing in the Dollar 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 then applicable to Base Rate Loans. In such
event, each Lender’s payment to the Administrative Agent for the account of the applicable L/C Issuer pursuant to Section 2.03(d)(ii) shall
be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction
of its participation obligation under this Section 2.03.

 

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

 

(v)           Each
Lender’s obligation to make L/C Advances to reimburse the applicable L/C Issuer for amounts drawn under Letters of Credit, as contemplated
by this Section 2.03(d), shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any
setoff, counterclaim, recoupment, defense or other right which such Lender may have against such L/C Issuer, any Borrower or any other
Person for any reason whatsoever, (B) the occurrence or continuance of a Default or (C) any other occurrence, event or condition,
whether or not similar to any of the foregoing. No such making of an L/C Advance shall relieve or otherwise impair the obligation of
the relevant Borrower to reimburse the applicable L/C Issuer for the amount of any payment made by the applicable L/C Issuer under any
Letter of Credit, together with interest as provided herein.

 

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

 

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(e)            Repayment
of Participations. (i)  If, at any time after an L/C Issuer has made a payment under any Letter of Credit issued by it and has
received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(d), the Administrative
Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether
directly from the relevant Borrower or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent),
the Administrative Agent will distribute to such Lender its applicable Pro Rata Share thereof (appropriately adjusted, in the case of
interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those
received by the Administrative Agent.

 

(ii)            If
any payment received by the Administrative Agent for the account of an L/C Issuer pursuant to Section 2.03(d)(i) is required
to be returned under any of the circumstances described in Section 10.06 (including pursuant to any settlement entered into by such
L/C Issuer in its discretion), each applicable Revolving Credit Lender shall pay to the Administrative Agent for the account of such
L/C Issuer its applicable Pro Rata Share thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand
to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect.
The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

 

(f)             Obligations
Absolute. The obligation of the relevant Borrower to reimburse the applicable 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 agreement or instrument relating thereto;

 

(ii)           the
existence of any claim, counterclaim, setoff, defense or other right that any Borrower 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 applicable 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)         any
payment by the applicable L/C Issuer under such Letter of Credit against presentation of a draft, certificate or other drawing document
that does not comply with the terms of such Letter of Credit; or any payment made by the applicable 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, administrator, administrative
receiver, judicial manager, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such
Letter of Credit, including any arising in connection with any proceeding under any Debtor Relief Law;

 

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(v)           any
exchange, release or non-perfection of any Collateral, or any release or amendment or waiver of or consent to departure from the Guaranty
or any other guarantee, for all or any of the Obligations of each Borrower in respect of such Letter of Credit; or

 

(vi)          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 legal or equitable discharge of, or provide a right of setoff against the Borrowers’
obligations hereunder.

 

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

 

(g)            Role
of L/C Issuer. Each Lender and each Borrower agree that, in paying any drawing under a Letter of Credit, the applicable L/C Issuer
shall not have any responsibility to obtain any document (other than any sight draft, certificates and other 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 applicable L/C Issuer, any Agent-Related Person nor any of the respective correspondents,
participants or assignees of the applicable L/C Issuer shall be liable to any Lender for (i) any action taken or omitted in connection
herewith at the request or with the approval of the Lenders or the Required Lenders, as applicable; (ii) any action taken or omitted
in the absence of gross negligence or willful misconduct as determined by a court of competent jurisdiction in a final and non-appealable
judgment or (iii) the due execution, effectiveness, validity or enforceability of any document or instrument related to any Letter
of Credit or Letter of Credit Application. The Borrowers hereby assume all risks of the acts or omissions of any beneficiary or transferee
with respect to its use of any Letter of Credit; provided, however, that this assumption is not intended to, and shall
not, preclude the Borrowers from pursuing such rights and remedies as they may have against the beneficiary or transferee at Law or under
any other agreement. None of the applicable L/C Issuer, any Agent-Related Person, nor any of the respective correspondents, participants
or assignees of such L/C Issuer, shall be liable or responsible for any of the matters described in clauses (i) through (v) of
Section 2.03(f); provided, however, that anything in such clauses to the contrary notwithstanding, the Borrowers may
have a claim against such L/C Issuer, and such L/C Issuer may be liable to the Borrowers, to the extent, but only to the extent, of any
direct, as opposed to indirect, special, punitive, consequential or exemplary, damages suffered by the Borrowers which a court of competent
jurisdiction determines in a final non-appealable judgment were caused by such L/C Issuer’s willful misconduct or gross negligence.
In furtherance and not in limitation of the foregoing, the applicable L/C Issuer may, in its sole discretion, either accept documents
that appear on their face to be in order and make payment upon such documents, without responsibility for further investigation, regardless
of any notice or information to the contrary, and such 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 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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(h)            Letter
of Credit Fees. The applicable Borrower shall pay to the Administrative Agent for the account of each Lender in accordance with its
applicable Pro Rata Share, a Letter of Credit fee which shall accrue for each Letter of Credit issued under the Facility in an amount
equal to the Applicable Rate then in effect for SOFR Rate Loans multiplied by the daily maximum amount then available to be drawn under
such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit if such maximum amount increases
automatically pursuant to the terms of such Letter of Credit), but excluding any portion thereof attributable to Unreimbursed Amounts;
provided, however, that any Letter of Credit fees otherwise payable for the account of a Defaulting Lender with respect
to any Letter of Credit as to which such Defaulting Lender has not provided Cash Collateral satisfactory to the applicable L/C Issuer
pursuant to this Section 2.03 shall be payable, to the maximum extent permitted by applicable Law, to the other Lenders in accordance
with the upward adjustments in their respective applicable Pro Rata Shares allocable to such Letter of Credit pursuant to Section 2.17(a)(iv),
with the balance of such fee, if any, payable to the applicable L/C Issuer for its own account. Such Letter of Credit fees shall be computed
on a quarterly basis in arrears and shall be due and payable on the last Business Day of each fiscal quarter, in respect of the quarterly
period then ending (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. If there is any change in the Applicable
Rate during any quarter, the daily maximum amount of 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.

 

(i)             Fronting
Fee and Documentary and Processing Charges Payable to an L/C Issuer. Each Borrower shall pay directly to the applicable L/C Issuer
for its own account such Borrower’s Pro Rata Share of a fronting fee equal to 0.125% of the maximum daily amount available to be
drawn under such Letter of Credit, but excluding any portion thereof attributable to Unreimbursed Amounts, on a quarterly basis in arrears.
Such fronting fees shall be computed on a quarterly basis in arrears, and shall be due and payable on the first calendar day of each
January, April, July and October, 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 maximum 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, each
Borrower shall pay directly to the applicable L/C Issuer for its own account such Borrower’s Pro Rata Share of the customary issuance,
presentation, administration, amendment and other processing fees, and other standard costs and charges, of such 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 within five
(5) Business Days of demand and are nonrefundable.

 

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(j)             Conflict
with Letter of Credit Application. In the event of any conflict between the terms hereof and the terms of any Letter of Credit Application,
the terms hereof shall control.

 

(k)            Reporting.
To the extent that any Letters of Credit are issued by an L/C Issuer other than the Administrative Agent, each such L/C Issuer shall
furnish to the Administrative Agent a report detailing the daily L/C Obligations outstanding under all Letters of Credit issued by it,
such report to be in a form and at reporting intervals as shall be agreed between the Administrative Agent and such L/C Issuer; provided that in no event shall such reports be furnished at intervals greater than seven (7) days.

 

Section 2.04.         Swingline
Loans.

 

(a)            The
Swingline Lender agrees, on the terms set forth herein, on same-day notice, to advance Swingline Loans to the Borrowers, with an aggregate
outstanding principal amount not to exceed $10,000,000 from time to time through the fifth (5th) Business Day prior to the
Maturity Date. Whenever a Borrower desires a Swingline Loan, such Borrower shall give the Swingline Lender a Committed Loan Notice. Such
notice must be received by the Swingline Lender no later than 2:00 p.m. (or such later time as the Swingline Lender may agree in
its reasonable discretion) (New York City time) on the requested funding date, which shall be a Business Day. Each Swingline Loan shall
constitute a Revolving Credit Loan for all purposes, except that payments thereon shall be made to the Swingline Lender for its own account.
The obligation of the Borrowers to repay Swingline Loans shall be evidenced by the records of the Administrative Agent and the Swingline
Lender and need not be evidenced by any promissory note. The Borrowers acknowledge that in the event that a reallocation of the Swingline
Exposure of a Defaulting Lender pursuant to Section 2.17 does not fully cover the Swingline Exposure of such Defaulting Lender,
the Swingline Lender (i) may require the applicable Borrower to, at its option, prepay or Cash Collateralize such remaining Fronting
Exposure in respect of each outstanding Swingline Loan and (ii) will have no obligation to issue new Swingline Loans, or to extend,
renew or amend existing Swingline Loans, to the extent any further Fronting Exposure in respect of Swingline Loans would result therefrom,
unless such remaining Fronting Exposure is Cash Collateralized.

 

(b)            Settlement
among the Lenders, the Swingline Lender and the Administrative Agent with respect to Swingline Loans and other Revolving Credit Loans
shall take place on a date determined from time to time by the Administrative Agent (but at least weekly), in accordance with the Settlement
Report delivered by the Administrative Agent to the Lenders. Between settlement dates, the Administrative Agent may in its discretion
apply payments on Revolving Credit Loans to Swingline Loans, regardless of any designation by the Borrowers or any provision herein to
the contrary. Each Lender’s obligation to make settlements with the Administrative Agent is absolute and unconditional, without
offset, counterclaim or other defense, and whether or not the Revolving Credit Commitments have terminated or the conditions in Section 4.02
are satisfied. If, due to an insolvency proceeding with respect to a Borrower or otherwise, any Swingline Loan may not be settled among
the Lenders hereunder, then each Lender shall be deemed to have purchased from the Swingline Lender a pro rata participation in each
unpaid Swingline Loan and shall transfer the amount of such participation to the Swingline Lender, in immediately available funds, within
one Business Day after the Swingline Lender’s request therefor.

 

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Section 2.05.         Prepayments.

 

(a)            Optional.
(i)  A Borrower may, upon notice by the Borrowers substantially in the form of Exhibit K to the Administrative Agent,
at any time or from time to time voluntarily prepay Loans in whole or in part without premium or penalty; provided that (1) such
notice must be received by the Administrative Agent not later than 2:00 p.m. (New York City time) (A) three (3) U.S. Government
Securities Business Days prior to any date of prepayment of any SOFR Rate Loan and (B) on the date of prepayment of Base Rate Loans
(or such shorter period as the Administrative Agent shall agree); (2) any prepayment of SOFR Rate Loans shall be (x) in a principal
amount of $1,000,000, or (y) a whole multiple of $500,000 in excess thereof; and (3) any prepayment of Base Rate Loans shall
be (x) in a principal amount of $500,000, or (y) a whole multiple of $250,000 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, the Type(s) of
Loans to be prepaid and, if SOFR Rate Loans are to be prepaid, the Interest Period(s) of such Loans (except that if the Loans to
be prepaid includes both Base Rate Loans and SOFR Rate Loans, absent direction by the Borrowers, the applicable prepayment shall be applied
first to Base Rate Loans, to the full extent thereof before application to SOFR Rate Loans, in each case in a manner that minimizes the
amount payable by the Borrowers in respect of such prepayment pursuant to Section 3.06). The Administrative Agent will promptly
notify each Lender of its receipt of each such notice, and of the amount of such Lender’s ratable portion of such prepayment. If
such notice is given by a Borrower, subject to clause (ii) below, such Borrower shall make such prepayment and the payment amount
specified in such notice shall be due and payable on the date specified therein. Any prepayment of a SOFR Rate Loan shall be accompanied
by all accrued interest thereon, together with any additional amounts required pursuant to Section 3.06.

 

(ii)           Notwithstanding
anything to the contrary contained in this Agreement, any notice of prepayment under Section 2.05(a)(i) may state that it is
conditioned upon the occurrence or non-occurrence of any event specified therein (including the effectiveness of other credit facilities),
in which case such notice may be revoked or delayed by the Borrowers (by written notice to the Administrative Agent on or prior to the
specified effective date) if such condition is not satisfied or delayed.

 

(b)            Mandatory.

 

(i)            If
for any reason the Total Revolving Credit Outstandings in respect of the Facility at any time exceeds the Loan Cap, the Borrowers shall
immediately repay the Revolving Credit Loans (including the Swingline Loans) and/or Cash Collateralize the L/C Obligations in an aggregate
amount equal to such excess; provided that (i) the Borrowers shall not be required to Cash Collateralize the L/C Obligations
pursuant to this Section 2.05(b)(i) unless after the prepayment in full of the Revolving Credit Loans (including all Swingline
Loans) the Total Revolving Credit Outstandings in respect of the Facility exceed the Loan Cap and (ii) if such excess is due to
a change in the eligibility criteria by the Administrative Agent hereunder or the imposition of a new or increased reserve, such payment
shall be due within three (3) Business Days.

 

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(ii)           Each
Loan Party hereby irrevocably waives the right to direct, during a Cash Dominion Period, the application of all funds in each Cash Collateral
Account and agrees that, subject to the ABL Intercreditor Agreement, the Administrative Agent (A) may or, upon the written direction
of the Required Lenders at any time during such Cash Dominion Period, shall deliver a Blockage Notice to each Deposit Account Bank for
each Approved Deposit Account and (B) shall, subject to Section 2.19, during a Cash Dominion Period, except as provided in
Section 8.04, apply all payments in respect of any Obligations and all available funds in each Cash Collateral Account on a daily
basis as follows: first, to repay the outstanding principal balance of the Swingline Loans until the Swingline Loans shall have been
repaid in full; second, to repay the outstanding principal balance of the Revolving Credit Loans until the Revolving Credit Loans shall
have been repaid in full; and then to any other Obligation owing by any Borrower or any other Loan Party then due and payable. If (1) following
such application, (2) outside of a Cash Dominion Period or (3) after all Letters of Credit shall have expired or been fully
drawn and all Commitments shall have been terminated, there are no Loans outstanding and no other Obligations that are then due and payable
(and, during a Cash Dominion Period, Cash Collateral has been provided in an amount equal to 103% of the L/C Obligations in the manner
required in Section 2.16), then the Administrative Agent shall cause any remaining funds in the Cash Collateral Accounts to be paid
at the written direction of the Borrowers (or, in the absence of such direction, to the Borrowers or another Person lawfully entitled
thereto).

 

(iii)          All
prepayments under this Section 2.05 shall be made together with, in the case of any such prepayment of a SOFR Rate Loan on a date
other than the last day of an Interest Period therefor, any amounts owing in respect of such SOFR Rate Loan pursuant to Section 3.06.
Notwithstanding any of the other provisions of this Section 2.05(b)(iii), so long as no Event of Default shall have occurred and
be continuing, if any prepayment of SOFR Rate Loans is required to be made under this Section 2.05(b)(iii), other than on the last
day of the Interest Period therefor, any Borrower may, in its sole discretion, deposit the amount of any such prepayment otherwise required
to be made thereunder into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent
shall be authorized (without any further action by or notice to or from the Borrowers or any other Loan Party) to apply such amount to
the prepayment of such Loans in accordance with this Section 2.05(b)(iii) (it being agreed, for clarity, that interest shall
continue to accrue on the Loans so prepaid until the amount so deposited is actually applied to prepay such Loans). Upon the occurrence
and during the continuance of any Event of Default, the Administrative Agent shall also be authorized (without any further action by
or notice to or from the Borrowers or any other Loan Party) to apply such amount to the prepayment of the outstanding Loans in accordance
with this Section 2.05(b)(iii).

 

(c)            All
Loans shall be repaid, whether pursuant to this Section 2.05 or otherwise, in the currency in which they were made.

 

Section 2.06.         Termination
or Reduction of Commitments.

 

(a)            Optional.
The Borrowers may, upon written notice by the Borrowers to the Administrative Agent, terminate the Letter of Credit Sublimit, the Swingline
Sublimit or the unused Revolving Credit Commitments, or from time to time permanently reduce the Letter of Credit Sublimit, the Swingline
Sublimit or the unused Revolving Credit Commitments; provided that (i) any such notice shall be received by the Administrative
Agent three (3) Business Days (or such shorter period as the Administrative Agent shall agree) prior to the date of termination
or reduction, (ii) any such partial reduction shall be in an aggregate amount of $1,000,000 or any whole multiple of $100,000 in
excess thereof, and (iii) the Borrowers shall not terminate or reduce (A) the Commitments of the Revolving Credit Facility
if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Revolving Credit Outstandings would exceed the
Loan Cap, (B) 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 or (C) the Swingline Sublimit if, after giving effect thereto
and to any concurrent prepayments hereunder, the outstanding Swingline Loans would exceed the Swingline Sublimit. Any such notice of
termination or reduction of commitments pursuant to this Section 2.06(a) may state that it is conditioned upon the occurrence
or non-occurrence of any event specified therein (including the effectiveness of other credit facilities), in which case such notice
may be revoked or delayed by the Borrowers (by written notice to the Administrative Agent on or prior to the specified effective date)
if such condition is not satisfied or delayed. For the avoidance of doubt, upon termination of the Aggregate Commitments and payment
in full of all Obligations in cash and in immediately available funds (other than (A) contingent indemnification obligations as
to which no claim has been asserted and (B) obligations and liabilities under Secured Cash Management Agreements and Secured Hedge
Agreements) and the expiration without any pending drawing or termination of all Letters of Credit (other than Letters of Credit which
have been Cash Collateralized), this Agreement shall automatically terminate and the Administrative Agent shall comply with Section 9.01(c) and
Section 9.11.

 

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(b)            Mandatory.

 

(i)            If
after giving effect to any reduction or termination of Commitments under this Section 2.06, the Letter of Credit Sublimit or the
Swingline Sublimit exceeds the amount of the Commitments at such time, the Letter of Credit Sublimit and Swingline Sublimit shall be
automatically reduced by the amount of such excess.

 

(ii)           The
aggregate Revolving Credit Commitments shall automatically and permanently be reduced to zero on the Maturity Date.

 

(c)            Application
of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Lenders of any termination or reduction
of the Commitments under the Letter of Credit Sublimit, the Swingline Sublimit or the Revolving Credit Commitments under this Section 2.06.
Upon any reduction of Commitments, the Commitment of each Lender shall be reduced by such Lender’s ratable share of such reduction
(other than the termination of the Commitment of any Lender as provided in Section 3.08). All facility fees accrued until the effective
date of any termination of the Aggregate Commitments and unpaid, shall be paid on the effective date of such termination.

 

Section 2.07.         Repayment
of Loans.

 

(a)            Each
Borrower shall repay to the Administrative Agent for the ratable account of the Lenders on the Maturity Date for the Revolving Credit
Facility the aggregate principal amount of all of such Borrower’s Revolving Credit Loans outstanding on such date.

 

(b)            All
Loans shall be repaid, whether pursuant to this Section 2.07 or otherwise, in Dollars.

 

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Section 2.08.         Interest.

 

(a)            Subject
to the provisions of the following sentence, (i) each SOFR Rate Loan shall bear interest on the outstanding principal amount thereof
for each Interest Period at a rate per annum equal to the sum of (A) Adjusted Term SOFR for such Interest Period plus (B) the
Applicable Rate for SOFR Rate Loans; and (ii) each Base Rate Loan (including all Swingline Loans) shall bear interest on the outstanding
principal amount thereof from the applicable borrowing date or conversion date, as the case may be, at a rate per annum equal to the
sum of (A) the Base Rate plus (B) the Applicable Rate for Base Rate Loans. Each Borrower shall pay interest on all such Borrower’s
overdue Obligations hereunder, which shall include all Obligations following an acceleration pursuant to Section 8.02 (including
an automatic acceleration) at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted
by applicable Laws. Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable
upon demand.

 

(b)            Accrued
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; provided that in the event of any repayment or prepayment of any Loan (other than Revolving Credit Loans
bearing interest based on the Base Rate that are repaid or prepaid without any corresponding termination or reduction of the Revolving
Credit Commitments other than as set forth in Section 2.14(e)), accrued interest on the principal amount repaid or prepaid shall
be payable on the date of such repayment or prepayment. 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.

 

(c)            Interest
on each Loan shall be payable in Dollars.

 

(d)            All
computations of interest hereunder shall be made in accordance with Section 2.10 of this Agreement.

 

(e)            Each
Borrower hereby authorizes the Administrative Agent to, and the Administrative Agent may, from time to time, charge the Loan Account
with the amount of any interest payment due hereunder.

 

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

 

(a)            Commitment
Fees. The Borrowers shall pay to the Administrative Agent for the account of each Lender in accordance with its Pro Rata Share of
the Facility, a commitment fee in Dollars equal to the Applicable Commitment Fee multiplied by the actual daily amount by which the aggregate
Commitments exceed the Total Revolving Credit Outstandings (calculated excluding outstanding Swingline Loans) with respect to the Facility,
subject to adjustment as provided in Section 2.17. The Commitment fee shall accrue at all times from the Closing Date until the
Maturity Date, and shall be due and payable quarterly in arrears on the last Business Day of each calendar quarter, commencing with the
last Business Day of the first full calendar quarter to end following the Closing Date, and on the Maturity Date.

 

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(b)            Other
Fees. Each Borrower shall pay to the Lenders, the Arrangers and the Administrative Agent such Borrower’s Pro Rata Share of
such fees as shall have been separately agreed upon in writing in the amounts and at the times so specified. Unless otherwise indicated
herein, all computations of fees shall be made on the basis of a 360-day year and shall be payable for the actual days elapsed (including
the first day but excluding the last day). Each determination by the Administrative Agent of a fee hereunder shall be conclusive and
binding for all purposes, absent manifest error.

 

(c)            Each
Borrower hereby authorizes the Administrative Agent to, and the Administrative Agent may, from time to time, charge the Loan Account
with the amount of any fees due hereunder.

 

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

 

(a)            All
computations of interest for Base Rate Loans shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual
days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which
results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on
each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan
or such portion is paid; provided that any Loan that is repaid on the same day on which it is made shall bear interest for one
day. For the purposes of calculating interest and other charges under this Agreement, any payment received by the Administrative Agent
on any Business Day will be deemed credited to the Loan Account one (1) Business Day after (i) in the case of payments consisting
wire transfers or electronic depository checks, the Business Day following the Administrative Agent’s receipt of such payments
or (ii) in the case of payments received by the Administrative Agent in any other form, the Business Day such payment constitutes
good funds in the Administrative Agent’s account. For all other purposes under this Agreement, (A) all payments made by wire
transfer or electronic depository check and received by the Administrative Agent prior to 1:00 pm (New York City time) on any Business
Day will be credited to the Loan Account on such Business Day, and any such payments made by wire transfer or electronic depository check
received by the Administrative Agent after 1:00 pm (New York City time) on any Business Day will be credited to the Loan Account on the
next succeeding Business Day and (B) all payments made in any other form and received by the Administrative Agent prior to 1:00
pm (New York City time) on any Business Day will be credited to the Loan Account on the next succeeding Business Day, and any such payments
received by the Administrative Agent after 1:00 pm (New York City time) on any Business Day will be credited to the Loan Account on the
second succeeding Business 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 Borrowing Base or for any other reason, the Borrowers or the Lenders determine
that (i) Excess Availability as calculated by the Borrowers as of any applicable date was inaccurate and (ii) a proper calculation
of such ratio would have resulted in higher interest and/or fees for any period, the Borrowers shall be obligated to pay to the Administrative
Agent for the account of the applicable Lenders or the applicable 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 with any such demand by the Administrative Agent being excused), 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 applicable L/C Issuer, as the
case may be, under Section 2.03(d)(iii), Section 2.03(h) or (i), Section 2.08(b) or under Article VIII.
Except in any case where a demand is excused as provided above, any additional interest and fees under this Section 2.10(b) shall
not be due and payable until a demand is made for such payment by the Administrative Agent and accordingly, any nonpayment of such interest
and fees as result of any such inaccuracy shall not constitute a Default (whether retroactively or otherwise), and none of such additional
amounts shall be deemed overdue or accrue interest at the Default Rate, in each case at any time prior to the date that is five (5) Business
Days following such demand.

 

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(c)            The
Administrative Agent agrees that if requested in writing by any Borrower it will calculate the nominal and effective per annum rate of
interest on any Loan outstanding at the time of such request and provide such information to such Borrower promptly following such request;
provided that any error in any such calculation, or any failure to provide such information on request, shall not relieve any
Borrower or any other Loan Party of any of its Obligations under this Agreement or any other Loan Document, nor result in any liability
to the Administrative Agent or any Lender. EACH LOAN PARTY HEREBY IRREVOCABLY AGREES NOT TO PLEAD OR ASSERT, WHETHER BY WAY OF DEFENSE
OR OTHERWISE, IN ANY PROCEEDING RELATING TO THE LOAN DOCUMENTS, THAT THE INTEREST PAYABLE UNDER THE LOAN DOCUMENTS AND THE CALCULATION
THEREOF HAS NOT BEEN ADEQUATELY DISCLOSED TO THE LOAN PARTIES.

 

Section 2.11.         Evidence
of Indebtedness.

 

(a)            The
Credit Extensions made by each Lender shall be evidenced by one or more accounts or records maintained by such Lender and evidenced by
one or more entries in the Register maintained by the Administrative Agent, acting solely for purposes of Section 5f.103-1(c) of
the United States Treasury Regulations and Section 1.163-5(b)(1) of the proposed United States Treasury Regulations, as a non-fiduciary
agent for the Borrowers, in each case in the ordinary course of business and in accordance with Section 10.07(c) hereof. Subject
to Section 10.07(c), the entries in the Register shall be conclusive absent manifest error and the accounts or records maintained
by each Lender shall be prima facie evidence 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 the obligation
of a Borrower hereunder to pay any amount owing with respect to such Borrower’s respective 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 written request
of any Lender made through the Administrative Agent, such Borrower shall execute and deliver to such Lender (through the Administrative
Agent) a Note payable to such Lender, which shall evidence such Lender’s respective Loans in addition to such accounts or records
and which Note shall only be transferrable through recordation in the Register in accordance with Section 10.07(c). Each Lender
may attach schedules to its Note and endorse thereon the date, Type (if applicable), amount and maturity of its Loans and payments with
respect thereto.

 

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(b)            In
addition to the accounts and records referred to in Section 2.11(a), each Lender and the Administrative Agent shall maintain in
accordance with its usual practice accounts or records and, in the case of the Administrative Agent, entries in the Register, evidencing
the purchases and sales by such Lender of participations in Letters of Credit. 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.

 

(c)            Entries
made in good faith by the Administrative Agent in the Register pursuant to Sections 2.11(a) and (b) and Section 10.07(c) shall
be conclusive absent manifest error, and entries made in good faith by each Lender in its accounts or records pursuant to Sections 2.11(a) and
(b), shall be prima facie evidence absent manifest error of the amount of principal and interest due and payable or to become due and
payable from each Borrower to, in the case of the Register, each Lender and, in the case of such accounts or records, such Lender, under
this Agreement and the other Loan Documents; provided that the failure of the Administrative Agent or such Lender to make an entry,
or any finding that an entry is incorrect, in the Register or such accounts or records shall not limit the obligations of the Borrowers
under this Agreement and the other Loan Documents.

 

Section 2.12.         Payments
Generally; Administrative Agent’s Clawback.

 

(a)            General.
All payments to be made by a Borrower shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff.
Except as otherwise expressly provided herein, 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 Administrative Agent’s Office in Dollars and in immediately
available funds not later than 1:00 p.m. (New York City time) on the date specified herein. The Administrative Agent will promptly
distribute to each Lender its ratable share in respect of the Facility (or other applicable share as provided herein) of such payment
in like funds as received by wire transfer to such Lender’s Lending Office. If any payment to be made by a 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; provided, however that, if such extension would cause payment
of interest on or principal of SOFR Rate Loans to be made in the next succeeding calendar month, such payment shall be made on the immediately
preceding Business Day.

 

(b)            (i)           Funding
by Lenders; Presumption by Administrative Agent. Unless the Administrative Agent shall have received notice from a Lender prior to
the proposed date of any Borrowing of SOFR Rate Loans (or, in the case of any Borrowing of Base Rate Loans, prior to 1:00 p.m. (New
York City time) on the date of such Borrowing) that such Lender will not make available to the Administrative Agent such Lender’s
share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in accordance
with and at the time required by Section 2.02(b) and may, in reliance upon such assumption, make available to the relevant
Borrower a corresponding amount. In such event, if any Lender does not in fact make its share of the applicable Borrowing available to
the Administrative Agent, then such Lender and the relevant Borrower severally agree to pay to the Administrative Agent forthwith on
demand an amount equal to such applicable share in immediately available funds with interest thereon, for each day from and including
the date such amount is made available to the relevant Borrower by the Administrative Agent to but excluding the date of payment to the
Administrative Agent, at (A) in the case of a payment to be made by such Lender, the greater of the Federal Funds Rate and a rate
reasonably determined by the Administrative Agent in accordance with banking industry rules on interbank compensation, plus any
reasonable 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 a Borrower, the interest rate applicable to Base Rate Loans. If both the relevant
Borrower and such Lender 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 Borrowing to the Administrative Agent, then the amount so paid (less interest and fees) shall constitute such Lender’s
Loan included in such Borrowing. Any payment by a Borrower shall be without prejudice to any claim such Borrower may have against a Lender
that shall have failed to make its share of any Borrowing available to the Administrative Agent.

 

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(ii)           Unless
the Administrative Agent shall have received notice from the Borrowers prior to the date on which any payment is due to the Administrative
Agent for the account of the Lenders, the Swingline Lender or an L/C Issuer hereunder that the Borrowers will not make such payment,
the Administrative Agent may assume that each Borrower has made such payment of its Pro Rata Share on such date in accordance herewith
and may, in reliance upon such assumption, distribute to the Lenders, the Swingline Lender or the applicable L/C Issuer, as the case
may be, the amount due. In such event, if the Borrowers do not in fact make such payment, then each of the Lenders, the Swingline Lender
or the applicable L/C Issuer, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount
so distributed to such Lender or such L/C Issuer, in immediately available funds with interest thereon, for each day from and including
the date such amount is distributed by the Administrative Agent to but excluding the date of payment to the Administrative Agent, at
the greater of the Federal Funds Rate and a rate reasonably determined by the Administrative Agent in accordance with banking industry
rules on interbank compensation, plus any reasonable administrative, processing or similar fees customarily charged by the Administrative
Agent in connection with the foregoing.

 

A notice of the Administrative
Agent to any Lender or any Borrower with respect to any amount owing under this Section 2.12(b) shall be conclusive, absent
manifest error.

 

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

 

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(d)            Obligations
of the Lenders Several. The obligations of the Lenders hereunder to make Loans, to fund participations in Letters of Credit and to
make payments pursuant to Section 9.07 are several and not joint. The failure of any Lender to make any Loan or to fund any such
participation or to make any payment under Section 9.07 on any date required hereunder shall not relieve any other Lender of its
corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its
Loan or, to fund its participation or to make its payment under Section 9.07.

 

(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.

 

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

 

(g)            Unallocated
Funds. If the Administrative Agent receives funds for application to the Obligations of the Loan Parties under or in respect of the
Loan Documents under circumstances for which the Loan Documents do not specify the manner in which such funds are to be applied, the
Administrative Agent may, but shall not be obligated to, elect to distribute such funds to each of the Lenders in accordance with such
Lender’s ratable share of the sum of (a) the Outstanding Amount of all Loans outstanding at such time and (b) the Outstanding
Amount of all L/C Obligations outstanding at such time, in repayment or prepayment of such of the outstanding Loans or other Obligations
then owing to such Lender.

 

Section 2.13.         Sharing
of Payments. If, other than as expressly provided elsewhere herein (including the application of funds arising from the existence
of a Defaulting Lender), any Lender shall obtain on account of the Loans made by it, or the participations in L/C Obligations and Swingline
Loans held by it, any payment (whether voluntary, involuntary, through the exercise of any right of setoff, or otherwise) in excess of
its ratable share (or other share contemplated hereunder) thereof, such Lender shall immediately (a) notify the Administrative Agent
of such fact and (b) purchase from the other Lenders such participations in the Loans made by them and/or such sub-participations
in the participations in Swingline Loans and L/C Obligations held by them, as the case may be, as shall be necessary to cause such purchasing
Lender to share the excess payment in respect of such Loans or such participations, as the case may be, pro rata with each of them; provided,
however, that if all or any portion of such excess payment is thereafter recovered from the purchasing Lender under any of the
circumstances described in Section 10.06 (including pursuant to any settlement entered into by the purchasing Lender in its discretion),
such purchase shall to that extent be rescinded and each other Lender shall repay to the purchasing Lender the purchase price paid therefor,
together with an amount equal to such paying Lender’s ratable share (according to the proportion of (i) the amount of such
paying Lender’s required repayment to (ii) the total amount so recovered from the purchasing Lender) of any interest or other
amount paid or payable by the purchasing Lender in respect of the total amount so recovered, without further interest thereon. The Borrowers
agree that any Lender so purchasing a participation from another Lender may, to the fullest extent permitted by Law, exercise all its
rights of payment (including the right of setoff, but subject to Section 10.09) with respect to such participation as fully as if
such Lender were the direct creditor of each Borrower in the amount of such participation. The Administrative Agent will keep records
(which shall be conclusive and binding in the absence of manifest error) of participations purchased under this Section 2.13 and
will in each case notify the Lenders following any such purchases or repayments. Each Lender that purchases a participation pursuant
to this Section 2.13 shall from and after such purchase have the right to give all notices, requests, demands, directions and other
communications under this Agreement with respect to the portion of the Obligations purchased to the same extent as though the purchasing
Lender were the original owner of the Obligations purchased. For the avoidance of doubt, the provisions of this Section shall not
be construed to apply to (A) the application of Cash Collateral provided for in Section 2.16, (B) the assignments and
participations described in Section 10.07, (C) the prepayment of Revolving Credit Loans in accordance with Section 2.14(e) in
connection with a Revolving Credit Commitment Increase, (D) any loan modification offer described in Section 10.01, (E) any
applicable circumstances contemplated by Sections 2.05(b), 2.14, 2.17 or 3.08.

 

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Section 2.14.         Incremental
Facilities.

 

(a)            The
Borrowers may, from time to time after the Closing Date, upon notice by the Borrowers to the Person appointed by the Borrowers to arrange
an incremental Facility (such Person (who (i) may be the Administrative Agent, if it so agrees, or (ii) any other Person (other
than an Affiliate of any Borrower) appointed by the Borrowers after consultation with the Administrative Agent; provided that
such Person may not be an Affiliate of any Borrower), the “Incremental Arranger”) specifying the proposed amount thereof,
request an increase in the aggregate Commitments (which shall be on the same terms as, and become part of, the Commitments) (a “Revolving
Credit Commitment Increase”) by an amount not to exceed $50,000,000 (the “Available Incremental Amount”);
provided that any such request for an increase shall be in a minimum amount of the lesser of (x) $5,000,000 and (y) the
entire amount of any increase that may be requested under this Section 2.14. The Borrowers may designate any Incremental Arranger
of any Revolving Credit Commitment Increase, if such Incremental Arranger is not the Administrative Agent, with such titles under the
Revolving Credit Commitment Increase as Borrowers may deem appropriate. No Lender shall have any obligation whatsoever to provide any
Revolving Credit Commitment Increase and may reject any such request in its sole discretion.

 

(b)            The
Borrowers may also invite additional Eligible Assignees reasonably satisfactory to the Incremental Arranger and with the consent of the
Administrative Agent, the Swingline Lender and each L/C Issuer (to the extent the consent of any of the foregoing would be required to
assign Revolving Credit Loans to such Eligible Assignee, which consent shall not be unreasonably withheld or delayed) to become Lenders
pursuant to a joinder agreement to this Agreement. Neither the Administrative Agent nor the Collateral Agent (in their respective capacities
as such) shall be required to execute, accept or acknowledge any joinder agreement pursuant to this Section 2.14 and such execution
shall not be required for any such joinder agreement to be effective; provided that, with respect to any Revolving Credit Commitment
Increase, the Borrowers must provide to the Administrative Agent the documentation providing for such Revolving Credit Commitment Increase.

 

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(c)            If
the aggregate Commitments are increased in accordance with this Section 2.14, the Administrative Agent and the Borrowers shall determine
the effective date (the “Increase Effective Date”) and the final allocation of such increase among the applicable
Lenders. The Incremental Arranger shall promptly notify the applicable Lenders of the final allocation of such increase and the Increase
Effective Date. In connection with any increase in the aggregate Commitments pursuant to this Section 2.14, this Agreement and the
other Loan Documents may be amended in a writing (which may be executed and delivered by the Borrowers and the Administrative Agent (and
the Lenders hereby authorize the Administrative Agent to execute and deliver any such documentation)) in order to effectuate such increases
to the Commitments and to reflect any technical changes necessary or appropriate to give effect to such increase in accordance with its
terms as set forth herein.

 

(d)            With
respect to any Revolving Credit Commitment Increase pursuant to this Section 2.14, (i) no Event of Default (subject to Section 1.02(i))
would exist after giving effect to such increase; (ii) the terms of such Revolving Credit Commitment Increase (including the Applicable
Rate) shall be documented solely as an increase to the Commitments, with identical terms; (iii) to the extent reasonably requested
by the Administrative Agent, the Administrative Agent shall have received legal opinions, resolutions, officers’ certificates and/or
reaffirmation agreements consistent with those delivered on the Closing Date under Section 4.01 or delivered from time to time pursuant
to Section 6.12, Section 6.14 and/or Section 6.16 with respect to Holdings and the Borrowers and each material Subsidiary
Guarantor that is organized in a jurisdiction for which counsel to the Administrative Agent advises that such deliveries are reasonably
necessary to preserve the Collateral in such jurisdiction (other than changes to such legal opinions resulting from a change in Law,
change in fact or change to counsel’s form of opinion reasonably satisfactory to the Incremental Arranger). Subject to the foregoing,
the conditions precedent to each such increase shall be agreed to by the Lenders providing such increase and the Borrowers.

 

(e)            On
the Increase Effective Date with respect to any Revolving Credit Commitment Increase, (x) each Revolving Credit Lender immediately
prior to such increase will automatically and without further act be deemed to have assigned to each Lender providing a portion of the
increase to the Revolving Credit Commitments (each, a “Revolving Commitment Increase Lender”), and, if applicable,
each such Revolving Commitment Increase Lender will automatically and without further act be deemed to have assumed, a portion of such
Revolving Credit Lender’s participations hereunder in outstanding Swingline Loans and L/C Obligations relating to Letters of Credit
issued such that, after giving effect to each such deemed assignment and assumption of participations, the percentage of the aggregate
outstanding participations hereunder in Swingline Loans and L/C Obligations will equal the percentage of the aggregate Revolving Credit
Commitments of all Revolving Credit Lenders represented by such Revolving Credit Lender’s Revolving Credit Commitment and (y) if,
on the date of such increase, there are any Revolving Credit Loans outstanding, such Revolving Credit Loans shall on or prior to the
Increase Effective Date be prepaid from the proceeds of Revolving Credit Loans made hereunder (reflecting such increase in Revolving
Credit Commitments), which prepayment shall be accompanied by accrued interest on the Revolving Credit Loans being prepaid and any costs
incurred by any Lender in accordance with Section 3.06. The Administrative Agent and the Lenders hereby agree that the minimum borrowing,
pro rata borrowing and pro rata payment requirements contained elsewhere in this Agreement shall not apply to the transactions effected
pursuant to the immediately preceding sentence.

 

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(f)             If
the Incremental Arranger is not the Administrative Agent, the actions authorized to be taken by the Incremental Arranger herein shall
be done in consultation with the Administrative Agent and, with respect to the preparation of any documentation necessary or appropriate
to carry out the provisions of this Section 2.14 (including amendments to this Agreement and the other Loan Documents), any comments
to such documentation reasonably requested by the Administrative Agent shall be reflected therein.

 

(g)            Each
of the parties hereto acknowledges and agrees that, if there are any Mortgaged Properties, any increase, extension or renewal of any
of the Revolving Credit Commitments or Revolving Credit Loans (but excluding (i) any continuation or conversion of borrowings, (ii) the
making of any Revolving Credit Loans or (iii) the issuance, renewal or extension of Letters of Credit) shall be subject to (and
conditioned upon): (1) the prior delivery of all flood hazard determination certifications, acknowledgements and evidence of flood
insurance and other flood-related documentation with respect to such Mortgaged Properties as required by Flood Insurance Laws and as
otherwise reasonably required by the Administrative Agent and (2) receipt by the Administrative Agent of written confirmation from
the Lenders that flood insurance due diligence and flood insurance compliance has been completed by the Lenders (such written confirmation
not to be unreasonably withheld, conditioned or delayed).

 

Section 2.15.         [Reserved].

 

Section 2.16.         Cash
Collateral.

 

(a)            Upon
the request of the Administrative Agent or the applicable L/C Issuer (i) if the applicable 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 or (ii) if, as of the Letter of Credit
Expiration Date, any L/C Obligation for any reason remains outstanding, the relevant Borrower shall, in each case, promptly deliver to
the Administrative Agent its Pro Rata Share of Cash Collateral in an amount sufficient to cover 103% of the then Outstanding Amount of
all L/C Obligations. At any time that there shall exist a Defaulting Lender, promptly upon the request of the Administrative Agent, the
Swingline Lender or the applicable L/C Issuer, the relevant Borrower shall deliver to the Administrative Agent its Pro Rata Share of
Cash Collateral in an amount sufficient to cover 103% of all Fronting Exposure of such Defaulting Lender after giving effect to Section 2.17(a)(iv) and
any Cash Collateral provided by such Defaulting Lender.

 

(b)            All
Cash Collateral (other than credit support not constituting funds subject to deposit), unless otherwise agreed by the Administrative
Agent, the Swingline Lender and the applicable L/C Issuer, shall be maintained in blocked, interest bearing deposit accounts at the Administrative
Agent or the Collateral Agent (or other financial institution selected by any of them). The relevant Borrower or Borrowers, and to the
extent provided by any Lender, such Lender, hereby grants to (and subjects to the control of) the Administrative Agent and the Collateral
Agent, for the benefit of the Administrative Agent, the Swingline Lender, the applicable L/C Issuer and the Lenders, and agrees to maintain,
unless otherwise agreed by the Administrative Agent, the Swingline Lender and the applicable L/C Issuer, a first priority security interest
in its Pro Rata Share of 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 as herein provided or that the total amount of such Cash Collateral is less than the applicable
Fronting Exposure and other obligations secured thereby, the relevant Borrower and the relevant Defaulting Lender 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.

 

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(c)            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, 2.06, 2.17, 8.02 or 8.04 in respect of Letters of Credit shall be held and applied to the satisfaction of the specific L/C
Obligations, obligations to fund participations therein (including, as to Cash Collateral provided by a Defaulting Lender, any interest
accrued on such obligation) and other obligations for which the Cash Collateral was so provided prior to any other application of such
property as may be provided for herein.

 

(d)            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 (after giving effect to such release) 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 10.07(b)(viii))) or (ii) the Administrative Agent’s good faith determination that there exists
excess Cash Collateral; provided, however, (x) that Cash Collateral furnished by or on behalf of a Loan Party shall
not be released during the continuance of a Default under Sections 8.01(a), (f) or (g) or an Event of Default (and following
application as provided in this Section 2.16 may be otherwise applied in accordance with Section 8.04) and (y) the Person
providing Cash Collateral and the applicable L/C Issuer may agree that Cash Collateral shall not be released but instead held to support
future anticipated Fronting Exposure or other obligations.

 

Section 2.17.         Defaulting
Lenders.

 

(a)            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)            That
Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted
as set forth in Section 10.01.

 

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(ii)           Any
payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of that Defaulting Lender
(whether voluntary or mandatory, at maturity, pursuant to Article VIII or otherwise, and including any amounts made available to
the Administrative Agent by that Defaulting Lender pursuant to Section 10.09), shall be applied at such time or times as may be
determined by the Administrative Agent as follows: first, to the payment of any amounts owing by that Defaulting Lender to the
Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by that Defaulting Lender to the
L/C Issuers and Swingline Lender hereunder; third, if so reasonably determined by the Administrative Agent or reasonably requested
by the Swingline Lender or any L/C Issuer, to be held as Cash Collateral for future funding obligations of that Defaulting Lender of
any participation in any Swingline Loan or Letter of Credit; fourth, as the Borrowers may request (so long as no Default or Event
of Default exists), to the funding of any Loan in respect of which that 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 Borrowers,
to be held in a non-interest bearing deposit account and released in order to satisfy obligations of that Defaulting Lender to fund Loans
under this Agreement; sixth, to the payment of any amounts owing to the Lenders, the Swingline Lender or any L/C Issuer as a result
of any non-appealable judgment of a court of competent jurisdiction obtained by any Lender, the Swingline Lender or any L/C Issuer against
that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; seventh,
so long as no Default or Event of Default pursuant to Sections 8.01(a), (f) or (g) exists, to the payment of any amounts owing
to the Borrowers as a result of any non-appealable judgment of a court of competent jurisdiction obtained by the Borrowers against that
Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to
that 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 that Defaulting Lender has not fully funded its
appropriate share and (y) such Loans or L/C Borrowings were made 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 Borrowings 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 Borrowings owed to, that Defaulting Lender. 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 that Defaulting Lender,
and each Lender irrevocably consents hereto.

 

(iii)          That
Defaulting Lender (x) shall not be entitled to receive any facility fee pursuant to Section 2.09(a) for any period during
which that Lender is a Defaulting Lender (and the Borrowers shall not be required to pay any such fee that otherwise would have been
required to have been paid to that Defaulting Lender) and (y) shall be limited in its right to receive Letter of Credit fees as
provided in Section 2.03(h).

 

(iv)          During
any period in which there is a Defaulting Lender, for purposes of computing the amount of the obligation of each non-Defaulting Lender
to acquire, refinance or fund participations in Letters of Credit pursuant to Section 2.03 or Swingline Loans pursuant to Section 2.04,
the Pro Rata Share of each non-Defaulting Lender shall be determined without giving effect to the Commitment of that Defaulting Lender;
provided that (i) each such reallocation shall be given effect unless an Event of Default exists; and (ii) the aggregate
obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit issued and Swingline Loans
made shall not exceed the positive difference, if any, of (1) the Commitment of that non-Defaulting Lender minus (2) the aggregate
Outstanding Amount of the Loans of that Revolving Credit Lender.

 

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(b)            If
the Borrowers, the Administrative Agent, the Swingline Lender and each 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 reasonably determine to be necessary to cause the Loans and funded and unfunded
participations in Swingline Loans and Letters of Credit to be held on a pro rata basis by the Lenders in accordance with their
ratable shares (without giving effect to the application of Section 2.17(a)(iv)) in respect of that Lender, whereupon that 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 relevant Borrower or Borrowers 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 having been a Defaulting Lender.

 

Article III

Taxes, Increased Costs Protection and Illegality

 

Section 3.01.         Taxes.

 

(a)            Any
and all payments by or on account of any obligation of any Borrower or any other Loan Party hereunder or under any other 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 or in respect
of any such payment, then each Borrower, the other applicable Loan Party, Administrative Agent or other 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, the sum payable by the applicable Borrower or other
applicable Loan Party shall be increased as necessary so that after all such deductions or withholdings for Indemnified Taxes have been
made (including such deductions and withholdings for Indemnified Taxes 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 deduction or withholding been made.

 

(b)            In
addition but without duplication, the relevant Loan Parties 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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(c)            The
Loan Parties separately, shall jointly and severally indemnify each Recipient, within 30 days after written 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 (without
duplication of any sums already paid under Section 3.01(a)) and any reasonable out-of-pocket expenses arising therefrom or with
respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority.
A certificate as to the amount of such payment or liability (together with a reasonable explanation thereof) delivered to the Borrowers
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.

 

(d)            Within
thirty (30) days after any payment of Taxes by any Loan Party to a Governmental Authority pursuant to this Section 3.01, such Loan
Party shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing
such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative
Agent.

 

(e)            If
any Recipient determines, in its sole discretion exercised in good faith, that it has received a refund of any Indemnified Taxes as to
which it has been indemnified pursuant to this Section 3.01 (including by the 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 under this Section 3.01
with respect to the Indemnified 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 promptly repay to such indemnified party the amount paid over pursuant to this
clause (e) (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
(e), in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this clause (e) 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 clause (e) 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.

 

(f)             Each
Lender agrees that, upon the occurrence of any event giving rise to the operation of Section 3.01(a) or (c) or Section 3.05
with respect to such Lender it will, if requested by the Borrowers, use commercially reasonable efforts (subject to such Lender’s
overall internal policies of general application and legal and regulatory restrictions) to avoid or reduce to the greatest extent possible
any indemnification or additional amounts being due under this Section 3.01 or Section 3.05, including to designate another
Lending Office for any Loan or Letter of Credit affected by such event; provided that such efforts are made on terms that, in
the reasonable judgment of such Lender, cause such Lender and its Lending Office(s) to suffer no material economic, legal or regulatory
disadvantage; and provided further that nothing in this Section 3.01(f) shall affect or postpone any of
the Obligations of the Borrowers or the rights of such Lender pursuant to Sections 3.01(a) and (c) and Section 3.05. The
Borrowers hereby agree to pay all reasonable costs and expenses incurred by any Lender as a result of a request by the Borrowers under
this Section 3.01(f).

 

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(g)           (i)            Any
Recipient that is entitled to an exemption from or reduction of withholding Tax with respect to any payments made under any Loan Document
shall deliver to the Borrowers and the Administrative Agent, at the time or times reasonably requested by the Borrowers or the Administrative
Agent, such properly completed and executed documentation reasonably requested by the Borrowers or the Administrative Agent as will permit
such payments to be made without withholding or at a reduced rate of withholding. In addition, any Recipient, if reasonably requested
by the Borrowers or the Administrative Agent, shall deliver such other documentation prescribed by applicable Law or reasonably requested
by the Borrowers or the Administrative Agent as will enable the Borrowers or the Administrative Agent to determine whether or not such
Recipient is subject to backup withholding or information reporting requirements.

 

(ii)            Without
limiting the generality of the foregoing,

 

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

 

(B)           any
Foreign Lender shall deliver to the Borrower Representative 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 Representative or the Administrative Agent), whichever of the following is applicable:

 

(a)            in
the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is a party, executed copies of
IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable (or any successor form) establishing an exemption from, or reduction of,
U.S. federal withholding Tax;

 

(b)           executed
copies of IRS Form W-8ECI (or any successor form);

 

(c)            in
the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 871(h) or Section 881(c) of
the Code, (x) a certificate substantially in the form of Exhibit J-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
Representative within the meaning of Section 881(c)(3)(B) of the Code, a “controlled foreign corporation” described
in Section 881(c)(3)(C) of the Code and that no payments in connection with any Loan Document are effectively connected with
such Lender’s conduct of a U.S. trade or business (a “U.S. Tax Compliance Certificate”) and (y) executed
copies of IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable (or any successor form); or

 

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(d)            to
the extent a Foreign Lender is not the beneficial owner (e.g., where the Foreign Lender is a partnership or a participating Lender),
executed copies of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN, IRS Form W-8BEN-E,
a certificate substantially in the form of Exhibit J-2 or Exhibit J-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 not a participating
Lender) and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign
Lender shall provide a certificate substantially in the form of Exhibit J-4 on behalf of each such direct and indirect partner;

 

(C)           any
Foreign Lender shall deliver to the Borrower Representative or the Administrative Agent, executed copies 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 Representative or the Administrative Agent
to determine the withholding or deduction required to be made;

 

(D)           if
a payment made to a Recipient under any Loan Document would be subject to Tax imposed by FATCA if such Lender or the Administrative Agent
were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or
1472(b) of the Code, as applicable), such Recipient shall deliver to the Borrowers and the Administrative Agent at the time or times
prescribed by Law and at such time or times reasonably requested by the Borrowers 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 Borrowers or the Administrative Agent as may be necessary for the Borrowers and the Administrative Agent to comply with
their obligations under FATCA to determine whether such Recipient has complied with such Recipient obligations under FATCA and, if necessary,
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; and

 

(E)           the
Administrative Agent, and any successor or supplemental Administrative Agent, shall deliver to the Borrower Representative (in such number
of copies as shall be requested by the recipient) on or prior to the date on which the Administrative Agent becomes the administrative
agent hereunder or under any other Loan Document (and from time to time thereafter upon the reasonable request of the Borrower Representative)
executed copies of either (i) IRS Form W-9 (or any successor form) or (ii) a U.S. branch withholding certificate on IRS
Form W-8IMY (or any successor form) evidencing its agreement with the Borrower Representative to be treated as a U.S. person (with
respect to amounts received on account of any Lender) and IRS Form W-8ECI (with respect to amounts received on its own account),
with the effect that, in either case, under applicable Law in effect on the Closing Date, the Borrower Representative will be entitled
to make payments hereunder to the Administrative Agent without withholding or deduction on account of U.S. federal withholding Tax.

 

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Each Recipient agrees that
if any documentation it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall promptly update and deliver
such form or certification to the Borrowers and the Administrative Agent or promptly notify the Borrowers and the Administrative Agent
in writing of its legal ineligibility to do so.

 

Notwithstanding any other
provision of this Section 3.01(g), a Recipient shall not be required to deliver any documentation that such Recipient is not legally
eligible to deliver or the completion, execution or submission of which would subject the Recipient to any material unreimbursed cost
or expense, or would materially prejudice the legal or commercial position of such Recipient.

 

Each Recipient hereby authorizes
the Administrative Agent to deliver to the Loan Parties and to any successor Administrative Agent any documentation provided by such
Recipient to the Administrative Agent pursuant to Section 3.01(g).

 

(h)            Each
Lender shall severally indemnify the Administrative Agent, within ten (10) days after demand therefor, for (i) any Indemnified
Taxes attributable to such Lender (but only to the extent that the Borrowers have not already indemnified the Administrative Agent for
such Indemnified Taxes and without limiting the obligation of the Borrowers to do so), (ii) any Taxes attributable to such Lender’s
failure to comply with the provisions of Section 10.07(m) relating to the maintenance of a Participant Register and (iii) any
Excluded Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent in connection with any
Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally
imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to
any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent
to set off and apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise payable by the Administrative
Agent to the Lender from any other source against any amount due to the Administrative Agent under this paragraph (h).

 

(i)             The
agreements in this Section 3.01 shall survive the resignation and/or replacement of the Administrative Agent, any assignment of
rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all other
Obligations.

 

(j)             For
the avoidance of doubt, the term “Lender” shall, for purposes of this Section 3.01, include the Swingline Lender and
any L/C Issuer, and the term “applicable law” includes FATCA.

 

Section 3.02.         [Reserved].

 

Section 3.03.         Illegality.
If any Lender reasonably determines that any applicable 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 Loans whose interest is determined by reference
to SOFR, the Term SOFR Reference Rate or Term SOFR, or to determine or charge interest rates based upon SOFR, the Term SOFR Reference
Rate or Term SOFR, then, upon notice thereof by such Lender to Borrower Representative (through the Administrative Agent), (a) any
obligation of the Lenders to make SOFR Rate Loans, and any right of Borrowers to continue SOFR Rate Loans or to convert Base Rate Loans
to SOFR Rate Loans, shall be suspended, and (b) the interest rate on which Base Rate Loans shall, if necessary to avoid such illegality,
be determined by the Administrative Agent without reference to clause (c) of the definition of “Base Rate”, in each
case until such Lender notifies the Administrative Agent and the Borrower Representative that the circumstances giving rise to such determination
no longer exist. Upon receipt of such notice, (i) the Borrowers shall, if necessary to avoid such illegality, upon demand from any
Lender (with a copy to Administrative Agent), prepay or, if applicable, convert all SOFR Rate Loans 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 Administrative Agent without
reference to clause (c) of the definition of “Base Rate”), on the last day of the Interest Period therefor, if all affected
Lenders may lawfully continue to maintain such SOFR Rate Loans to such day, or immediately, if any Lender may not lawfully continue to
maintain such SOFR Rate Loans to such day, and (ii) if necessary to avoid such illegality, the Administrative Agent shall during
the period of such suspension compute the Base Rate without reference to clause (c) of the definition of “Base Rate,”
in each case until the Administrative Agent is advised in writing by each affected Lender that it is no longer illegal for such Lender
to determine or charge interest rates based upon SOFR, the Term SOFR Reference Rate or Term SOFR. Upon any such prepayment or conversion,
the applicable Borrower(s) shall also pay accrued interest on the amount so prepaid or converted, together with any additional amounts
required pursuant to Section 3.06.

 

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Section 3.04.         Inability
to Determine Rates. Subject to Section 1.13, if, on or prior to the first day of any Interest Period for any SOFR Rate Loan
(i) Administrative Agent reasonably determines (which determination shall be conclusive and binding absent manifest error) that
 “Term SOFR” cannot be determined pursuant to the definition thereof, or (ii) the Required Lenders determine that for
any reason in connection with any request for a SOFR Rate Loan or a conversion thereto or a continuation thereof that Term SOFR for any
requested Interest Period with respect to a proposed SOFR Rate Loan does not adequately and fairly reflect the cost to such Lenders of
funding such Loan, and the Required Lenders have provided notice of such determination to the Administrative Agent, the Administrative
Agent will promptly so notify the Borrower Representative and each Lender. Upon notice thereof by the Administrative Agent to the Borrower
Representative, any obligation of the Lenders to make SOFR Rate Loans, and any right of the Borrowers to continue SOFR Rate Loans or
to convert Base Rate Loans to SOFR Rate Loans, shall be suspended (to the extent of the affected SOFR Rate Loans or affected Interest
Periods) until Administrative Agent (or, with respect to clause (ii), at the instruction of the Required Lenders) revokes such notice.
Upon receipt of such notice, (i) the Borrower Representative may revoke any pending request for a Borrowing of, conversion to or
continuation of SOFR Rate Loans (to the extent of the affected SOFR Rate Loans or affected Interest Periods) or, failing that, the Borrower
Representative will be deemed to have converted any such request into a request for a Loan of or conversion to Base Rate Loans in the
amount specified therein and (ii) any outstanding affected SOFR Rate Loans will be deemed to have been converted into Base Rate
Loans at the end of the applicable Interest Period. Upon any such conversion, the Borrowers shall also pay accrued interest on the amount
so converted, together with any additional amounts required pursuant to Section 3.08. Subject to Section 1.13, if Administrative
Agent reasonably determines (which determination shall be conclusive and binding absent manifest error) that “Term SOFR”
cannot be determined pursuant to the definition thereof on any given day, the interest rate on Base Rate Loans shall be determined by
the Administrative Agent without reference to clause (c) of the definition of “Base Rate” until the Administrative Agent
revokes such determination.

 

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Section 3.05.         Increased
Cost and Reduced Return; Capital Adequacy and Liquidity Requirements.

 

(a)            If
any Lender reasonably determines that as a result of the introduction of or any change in or in the interpretation of any Law, in each
case after the date hereof, or such Lender’s compliance therewith, there shall be any material increase in the cost to such Lender
of agreeing to make or making, funding or maintaining any Loan the interest on which is determined by reference to Term SOFR or (as the
case may be) issuing or participating in Letters of Credit, or a material reduction in the amount received or receivable by such Lender
in connection with any of the foregoing (including Taxes on or in respect of its loans, letters of credit, commitments, or other obligations,
or its deposits, reserves, other liabilities or capital attributable thereto, but excluding for purposes of this Section 3.05(a) any
such increased costs or reduction in amount resulting from (i) Indemnified Taxes indemnifiable under Section 3.01 and (ii) Excluded
Taxes), then within 15 days after demand of such Lender setting forth in reasonable detail such increased costs (with a copy of such
demand to the Administrative Agent given in accordance with Section 3.06), the applicable Borrower(s) shall pay to such Lender
such additional amounts as will compensate such Lender for such increased cost or reduction.

 

(b)            If
any Lender reasonably determines that the introduction of any Law regarding capital adequacy and liquidity requirements or any change
therein or in the interpretation thereof, in each case after the date hereof, or compliance by such Lender (or its Lending Office) therewith,
has the effect of materially reducing the rate of return on the capital of such Lender or any corporation controlling such Lender as
a consequence of such Lender’s obligations hereunder (taking into consideration its policies with respect to capital adequacy and
liquidity and such Lender’s desired return on capital), then within 15 days after demand of such Lender setting forth in reasonable
detail the charge and the calculation of such reduced rate of return (with a copy of such demand to the Administrative Agent given in
accordance with Section 3.06), the applicable Borrower(s) shall pay to such Lender such additional amounts as will compensate
such Lender for such reduction.

 

(c)            The
applicable Borrower shall pay to each respective Lender, (i) as long as such Lender shall be required to maintain reserves or liquidity
with respect to liabilities or assets consisting of or including Term SOFR (or any component thereof) funds or deposits, additional interest
on the unpaid principal amount of each SOFR Rate Loan equal to the actual costs of such reserves or liquidity allocated to such Loan
by such Lender (as determined by such Lender in good faith, which determination shall be conclusive in the absence of manifest error),
and (ii) as long as such Lender shall be required to comply with any liquidity requirement, reserve ratio requirement or analogous
requirement of any other central banking or financial regulatory authority imposed in respect of the maintenance of the Commitments or
the funding of the SOFR Rate 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 absent manifest error) which in each case shall be due and payable on each
date on which interest is payable on such Loan; provided the Borrowers shall have received at least 15 days’ prior written
notice (with a copy to the Administrative Agent) of such additional interest or cost from such Lender. If a Lender fails to give written
notice fifteen days prior to the relevant Interest Payment Date, such additional interest or cost shall be due and payable 15 days from
receipt of such written notice.

 

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(d)            For
purposes of this Section 3.05, (i) 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 (ii) all requests, rules, guidelines, requirements and
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 (other than foreign regulatory authorities in Switzerland), in each
case pursuant to Basel III, shall, in each case, be deemed to have gone into effect after the date hereof, regardless of the date enacted,
adopted or issued.

 

Section 3.06.         Funding
Losses. Upon written demand of any Lender (with a copy to the Administrative Agent) from time to time, setting forth in reasonable
detail the basis for calculating such compensation, the applicable Borrower(s) shall promptly compensate such Lender for and hold
such Lender harmless from any loss, cost or expense incurred by it as a result of:

 

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

 

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

 

(c)            any
mandatory assignment of such Lender’s SOFR Rate Loans pursuant to Section 3.08 on a day other than the last day of the Interest
Period for such Loans,

 

including 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 (but excluding anticipated profits). The applicable Borrower shall also pay any customary administrative fees charged
by such Lender in connection with the foregoing.

 

Section 3.07.         Matters
Applicable to All Requests for Compensation.

 

(a)            A
certificate of any Agent or any Lender claiming compensation under this Article III and setting forth in reasonable detail a calculation
of the additional amount or amounts to be paid to it hereunder shall be conclusive in the absence of manifest error. In determining such
amount, such Agent or such Lender may use any reasonable averaging and attribution methods. With respect to any Lender’s claim
for compensation under Section 3.03, 3.04 or 3.05, the Loan Parties shall not be required to compensate such Lender for any amount
incurred more than 180 days prior to the date that such Lender notifies the Borrowers of the event that gives rise to such claim; provided
that, if the circumstance giving rise to such claim is retroactive, then such 180-day period referred to above shall be extended
to include the period of retroactive effect thereof.

 

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(b)          If
any Lender requests compensation under Section 3.05, or a Borrower is required to pay any additional amount to any Lender, the Swingline
Lender, any L/C Issuer, or any Governmental Authority for the account of any Lender, the Swingline Lender or any L/C Issuer pursuant
to Section 3.01, or if any Lender gives a notice pursuant to Section 3.03, then such Lender, the Swingline Lender or the L/C
Issuer, as applicable, will, if requested by the Borrowers and at the Borrowers’ expense, use commercially reasonable efforts to
designate another Lending Office for any Loan or Letter of Credit affected by such event; provided that such efforts (i) would
eliminate or reduce amounts payable pursuant to Section 3.01, 3.02 or 3.04, as applicable, in the future and (ii) would not,
in the judgment of such Lender, the Swingline Lender or such L/C Issuer, as applicable, be inconsistent with the internal policies of,
or otherwise be disadvantageous in any material legal, economic or regulatory respect to such Lender or its Lending Office, the Swingline
Lender or such L/C Issuer. The provisions of this clause (b) shall not affect or postpone any Obligations of the Borrowers or rights
of such Lender pursuant to Section 3.05.

 

(c)          If
any Lender requests compensation by a Borrower under Section 3.05, the Borrowers may, by notice to such Lender (with a copy to the
Administrative Agent), suspend the obligation of such Lender to make or continue from one Interest Period to another SOFR Rate Loans,
or to convert Base Rate Loans into SOFR Rate Loans, until the event or condition giving rise to such request ceases to be in effect (in
which case the provisions of Section 3.07(e) shall be applicable); provided that such suspension shall not affect the
right of such Lender to receive the compensation so requested.

 

(d)          If
the obligation of any Lender to make or continue from one Interest Period to another any SOFR Rate Loan, or to convert Base Rate Loans
into SOFR Rate Loans shall be suspended pursuant to Section 3.07(c) hereof, such Lender’s SOFR Rate Loans shall be automatically
converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for such SOFR Rate Loans (or, in the
case of an immediate conversion required by Section 3.03, on such earlier date as required by Law) and, unless and until such Lender
gives notice as provided below that the circumstances specified in Section 3.03, 3.04 or 3.05 hereof that gave rise to such conversion
no longer exist:

 

(i)          to
the extent that such Lender’s SOFR Rate Loans have been so converted, all payments and prepayments of principal that would otherwise
be applied to such Lender’s SOFR Rate Loans shall be applied instead to its Base Rate Loans; and

 

(ii)         all
Loans that would otherwise be made or continued from one Interest Period to another by such Lender as SOFR Rate Loans shall be made or
continued instead as Base Rate Loans, and all Base Rate Loans of such Lender that would otherwise be converted into SOFR Rate Loans shall
remain as Base Rate Loans.

 

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(e)          If
any Lender gives notice to the Borrowers (with a copy to the Administrative Agent) that the circumstances specified in Section 3.03,
3.04 or 3.05 hereof that gave rise to the conversion of such Lender’s SOFR Rate Loans pursuant to this Section 3.07 no longer
exist (which such Lender agrees to do promptly upon such circumstances ceasing to exist) at a time when SOFR Rate Loans made by other
Lenders are outstanding, such Lender’s Base Rate Loans shall be automatically converted, on the first day(s) of the next succeeding
Interest Period(s) for such outstanding SOFR Rate Loans, to the extent necessary so that, after giving effect thereto, all Loans
held by the Lenders holding SOFR Rate Loans and by such Lender are held pro rata (as to principal amounts, interest rate basis, and Interest
Periods) in accordance with their respective Commitments.

 

(f)          A
Lender shall not be entitled to any compensation pursuant to the foregoing sections to the extent such Lender is not imposing such charges
or requesting such compensation from borrowers (similarly situated to the Borrowers hereunder) under comparable syndicated credit facilities.

 

Section 3.08.        Replacement
of Lenders under Certain Circumstances.

 

(a)          If
at any time (i) a Borrower becomes obligated to pay additional amounts or indemnity payments described in Section 3.01 or 3.05
(other than with respect to Other Taxes) as a result of any condition described in such Sections or any Lender ceases to make SOFR Rate
Loans as a result of any condition described in Section 3.03 or 3.04, (ii) any Lender becomes a Defaulting Lender or (iii) any
Lender becomes a Non-Consenting Lender (as defined below in this Section 3.08) (collectively, a “Replaceable Lender”),
then the Borrowers may, on three (3) Business Days’ prior written notice from the Borrowers to the Administrative Agent and
such Lender (for the avoidance of doubt, such notice shall be deemed provided on the same day that an amendment or waiver is posted to
Lenders for consent), either (i) replace such Lender by causing such Lender to (and such Lender shall be obligated to) assign pursuant
to Section 10.07(b) (with the assignment fee to be paid by the Borrowers in such instance unless waived by the Administrative
Agent) all of its rights and obligations under this Agreement (or, in the case of a Non-Consenting Lender, all of its rights and obligations
under this Agreement with respect to the Facility or Facilities for which its consent is required) to one or more Eligible Assignees;
provided that neither the Administrative Agent nor any Lender shall have any obligation to the Borrowers to find a replacement
Lender or other such Person or (ii) so long as no Default or Event of Default shall have occurred and be continuing, terminate the
Commitment of such Lender, the Swingline Lender or L/C Issuer or prepay the Loans, as the case may be, and (1) in the case of a
Lender (other than an L/C Issuer), repay all Obligations of such Borrower owing (and the amount of all accrued interest and fees in respect
thereof) to such Lender relating to the Loans and participations held by such Lender as of such termination date and (2) in the
case of an L/C Issuer, repay all obligations of such Borrower owing to such L/C Issuer relating to the Loans and participations held
by such L/C Issuer as of such termination date and cancel or backstop on terms satisfactory to such L/C Issuer any Letters of Credit
issued by it; provided that (i) in the case of any such replacement of, or termination of Commitments with respect to a Non-Consenting
Lender such replacement or termination shall be sufficient (together with all other consenting Lenders including any other Replaceable
Lender) to cause the adoption of the applicable modification, waiver or amendment of the Loan Documents and (ii) in the case of
any such replacement as a result of the Borrowers having become obligated to pay amounts described in Section 3.01 or 3.05, such
replacement would eliminate or reduce payments pursuant to Section 3.01 or 3.05, as applicable, in the future. Any Lender being
replaced pursuant to this Section 3.08(a) shall (i) execute and deliver an Assignment and Assumption with respect to such
Lender’s Commitment and outstanding Loans and participations in Swingline Loans and L/C Obligations and (ii) deliver any Notes
evidencing such Loans to the Borrowers (for return to the Borrowers) or the Administrative Agent. Pursuant to such Assignment and Assumption,
(A) the assignee Lender shall acquire all or a portion, as the case may be, of the assigning Lender’s Commitment and outstanding
Loans and participations in Swingline Loans and L/C Obligations, (B) all Obligations relating to the Loans and participations (and
the amount of all accrued interest, fees and premiums in respect thereof) so assigned shall be paid in full by the assignee Lender to
such assigning Lender concurrently with such assignment and assumption and (C) upon such payment and, if so requested by the assignee
Lender, the assigning Lender shall deliver to the assignee Lender the applicable Note or Notes executed by the relevant Borrower, the
assignee Lender shall become a Lender hereunder and the assigning Lender shall cease to constitute a Lender hereunder with respect to
such assigned Loans, Commitments and participations, except with respect to indemnification provisions under this Agreement, which shall
survive as to such assigning Lender. In connection with any such replacement, if any such Replaceable Lender does not execute and deliver
to the Administrative Agent a duly executed Assignment and Assumption reflecting such replacement within two Business Days of the date
on which the assignee Lender executes and delivers such Assignment and Assumption to such Replaceable Lender, then such Replaceable Lender
shall be deemed to have executed and delivered such Assignment and Assumption without any action on the part of the Replaceable Lender.
In connection with the replacement of any Lender pursuant to this Section 3.08(a), the relevant Borrower shall pay to such Lender
such amounts as may be required pursuant to Section 3.06.

 

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(b)          Notwithstanding
anything to the contrary contained above, (i) any Lender that acts as an L/C Issuer may not be replaced hereunder at any time that
it has any Letter of Credit outstanding hereunder unless arrangements satisfactory to such L/C Issuer (including the furnishing of a
back-up standby letter of credit in form and substance, and issued by an issuer reasonably satisfactory to such L/C Issuer or the depositing
of Cash Collateral into a Cash Collateral Account in amounts and pursuant to arrangements consistent with the requirements of Section 2.16)
have been made with respect to such outstanding Letter of Credit, (ii) the Lender that acts as Swingline Lender may not be replaced
hereunder at any time unless all Swingline Loans are repaid in full in cash and (iii) the Lender that acts as the Administrative
Agent may not be replaced hereunder except in accordance with the terms of Section 9.09.

 

(c)          In
the event that (i) a Borrower or the Administrative Agent has requested the Lenders to consent to a waiver of any provisions of
the Loan Documents or to agree to any amendment or other modification thereto, (ii) the waiver, amendment or modification in question
requires the agreement of all affected Lenders in accordance with the terms of Section 10.01 or all the Lenders with respect to
a certain class of the Loans and (iii) the Required Lenders have agreed to such waiver, amendment or modification, then any Lender
who does not agree to such waiver, amendment or modification, in each case, shall be deemed a “Non-Consenting Lender”; provided
that the term “Non-Consenting Lender” shall also include any Lender that rejects (or is deemed to reject) a loan
modification offer under Section 10.01, which loan modification has been accepted by at least the Required Lenders of Loans whose
Loans and/or Commitments are to be extended pursuant to such loan modification.

 

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(d)          Survival.
All of the Loan Parties’ obligations under this Article III shall survive termination of the Aggregate Commitments and repayment
of all other Obligations hereunder, any assignment by or replacement of a Lender and any resignation or removal of the Administrative
Agent.

 

Article IV

Conditions Precedent to Credit Extensions

 

Section 4.01.        Conditions
to the Initial Credit Extension on the Closing Date. The obligation of each Lender to make its initial Credit Extension hereunder
on the Closing Date is subject to satisfaction or due waiver in accordance with Section 10.01 of each of the following conditions
precedent, except as otherwise agreed between the Borrowers and the Administrative Agent:

 

(a)          The
Administrative Agent shall have received all of the following, each of which shall be originals or facsimiles or “pdf” files
(followed promptly by originals) unless otherwise specified, each properly executed by a Responsible Officer of the signing Loan Party
(if applicable), each dated as of the Closing Date (or, in the case of certificates of governmental officials, as of a recent date before
the Closing Date), each in form and substance reasonably satisfactory to the Administrative Agent, and each accompanied by their respective
required schedules and other attachments (and set forth thereon shall be all required information with respect to Holdings and its Subsidiaries,
giving effect to the Transactions):

 

(i)          executed
counterparts of (A) this Agreement from Holdings and the Borrowers, (B) the Holdings Guaranty from Holdings, (C) the Subsidiary
Guaranty from each Subsidiary Guarantor, (D) the ABL Intercreditor Agreement, (E) the Intercompany Subordination Agreement
and (F) the Perfection Certificate;

 

(ii)         the
Security Agreement, duly executed by Holdings, each Borrower and each Subsidiary Guarantor, together with (subject to the last paragraph
of this Section 4.01):

 

(1)          certificates,
if any, representing the Pledged Interests in the Borrowers and, to the extent received by Holdings after Holdings’ use of commercially
reasonable efforts to receive such certificates or otherwise without undue burden or expense, each wholly owned Domestic Subsidiary of
the Loan Parties other than Immaterial Subsidiaries, accompanied by undated stock powers executed in blank (or stock transfer forms,
as applicable) and instruments evidencing the Pledged Debt indorsed in blank (or instrument of transfer, as applicable) shall have been
delivered to the Existing Term Loan Agent,

 

(2)          copies
of proper financing statements, filed or duly prepared for filing under the Uniform Commercial Code in all United States jurisdictions
that the Administrative Agent may deem reasonably necessary in order to perfect and protect the Liens on assets of Holdings, the Borrowers
and each Subsidiary Guarantor created under, and covering the Collateral described in, the Security Agreement, and

 

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(3)          evidence
that all other actions, recordings and filings of or with respect to the Security Agreement that the Administrative Agent may deem reasonably
necessary or desirable in order to perfect and protect the Liens created thereby (subject to the Perfection Exceptions) shall have been
taken, completed or otherwise provided for in a manner reasonably satisfactory to the Administrative Agent (including receipt of duly
executed payoff letters, customary lien searches and UCC-3 termination statements);

 

(iii)          an
Intellectual Property Security Agreement, duly executed by each Loan Party that owns intellectual property that is required to be pledged
in accordance with the Security Agreement;

 

(iv)          a
Note executed by the applicable Borrower(s) in favor of each Lender requesting a Note reasonably in advance of the Closing Date;

 

(v)           a
Committed Loan Notice and a Letter of Credit Application, if applicable, in each case relating to the initial Credit Extension;

 

(vi)          a
solvency certificate executed by the chief financial officer or similar officer, director or authorized signatory of the Borrower Representative
(after giving effect to the Transactions) substantially in the form attached hereto as Exhibit G;

 

(vii)         such
documents and certifications (including Organization Documents and, if applicable, good standing certificates) as the Administrative
Agent may reasonably require to evidence (A) the identity, authority and capacity of each Responsible Officer of the Loan Parties
acting as such in connection with this Agreement and the other Loan Documents and (B) that Holdings, the Borrowers and each Subsidiary
Guarantor is duly organized or formed, and that each of them is validly existing and, to the extent applicable, in good standing, except
to the extent that failure to be so qualified could not reasonably be expected to have a Material Adverse Effect;

 

(viii)        (i) an
opinion of Jones Day, special New York and Delaware counsel to the Loan Parties, addressed to the Arrangers and each Secured Party and
in form and substance reasonably satisfactory to the Administrative Agent;

 

(ix)           a
certificate of a Responsible Officer of the Borrower Representative certifying that the conditions set forth in Section 4.01(b),
4.01(g) and 4.01(h) have been satisfied; and

 

(x)            a
Borrowing Base Certificate with respect to the Borrowing Base, calculated as of March 31, 2018, which meets the requirements of
Section 6.02(h).

 

(b)          No
Company Material Adverse Effect shall have occurred after May 1, 2018 and be continuing;

 

(c)          The
Arrangers and the Administrative Agent shall have received (i) audited consolidated balance sheets and the related consolidated
statements of income and cash flows of Vertex as of and for the fiscal years ended December 31, 2016 and December 31, 2017
and (ii) unaudited consolidated balance sheets and the related consolidated statements of income and cash flows of Vertex as of
and for any fiscal quarter ended after December 31, 2017 and at least 45 days prior to the Closing Date.

 

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(d)          The
Arrangers and the Administrative Agent shall have received a pro forma consolidated balance sheet and related pro forma consolidated
statement of income of Vertex and its Subsidiaries as of and for the twelve-month period ending on the last day of the most recently
completed four-fiscal quarter period for which historical financial statements of Vertex are provided pursuant to Section 4.01(c) above,
prepared so as to give effect to the Transactions as if the Transactions had occurred as of such date (in the case of such balance sheet)
or as if the Transactions had occurred at the beginning of such period (in the case of such other financial statements) and any other
adjustments agreed to by Vertex and the Arrangers, which need not be prepared in compliance with Regulation S-X, or include adjustments
for purchase accounting.

 

(e)          Holdings,
the Borrowers and the Subsidiary Guarantors shall have provided the documentation and other information reasonably requested in writing
at least ten days prior to the Closing Date by the Arrangers as they reasonably determine is required by regulatory authorities under
applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the
PATRIOT Act and other Sanctions Laws and Regulations, in each case at least three business days prior to the Closing Date (or such shorter
period as the Administrative Agent shall otherwise agree).

 

(f)          The
Administrative Agent shall have received evidence reasonably satisfactory to the Administrative Agent that the Existing Term Loan Credit
Agreement shall have been, or concurrently with the execution and delivery of the Loan Documents shall be, duly executed and delivered
by all of the Loan Parties stated to be party thereto and shall, concurrently with the execution and delivery of the Loan Documents,
be in full force and effect.

 

(g)          The
Closing Date Acquisition shall have been consummated or, substantially simultaneously with the initial funding of the Facilities and
the facilities under Existing Term Loan Credit Agreement, shall be consummated, in accordance with the terms of the Closing Date Purchase
Agreement in effect on May 1, 2018, after giving effect to any modifications, amendments, consent or waivers thereto, other than
those amendments, waivers or consents thereto that are materially adverse to the Lenders without the prior consent of the Arrangers (such
consent not to be unreasonably withheld, conditioned or delayed).

 

(h)          (A) The
Purchase Agreement Representations and the Specified Representations shall be true and correct in all material respects; provided
that at any time “Material Adverse Effect” is utilized in such Closing Date Purchase Agreement Representation it shall
be deemed to refer to Company Material Adverse Effect and (B) Vertex shall have received, or substantially simultaneously with the
initial funding of the Facilities shall receive, the proceeds from the Closing Date Equity Contribution.

 

(i)           All
fees required to be paid on the Closing Date pursuant to this Agreement, the ABL Fee Letters and any other arrangements with the Administrative
Agent or any Arranger and reasonable out-of-pocket expenses required to be paid on the Closing Date pursuant to any other written agreement
with the Arrangers, to the extent invoiced at least three Business Days prior to the Closing Date (or such later date as the Borrowers
may reasonably agree) shall have been paid.

 

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

 

Notwithstanding anything
herein to the contrary, it is understood that, other than with respect to (a) the execution and delivery by Holdings and the Borrowers
of the Security Agreement and the Intellectual Property Security Agreement and (b) UCC Filing Collateral and Stock Certificates
(each as defined below), to the extent any Lien on any Collateral is not or cannot be provided and/or perfected on the Closing Date after
Holdings’ and the Borrowers’ use of commercially reasonable efforts to do so or without undue burden or expense, the provision
and/or perfection of a Lien on such Collateral shall not constitute a condition precedent for purposes of this Section 4.01, but
instead shall be required to be perfected after the Closing Date in accordance with Section 6.16; provided that Holdings
and the Borrowers shall have delivered all Stock Certificates (other than with respect to the Borrowers, to the extent received by Holdings
after Holdings’ and the Borrowers’ use of commercially reasonable efforts to receive such certificates or otherwise without
undue burden or expense). For purposes of this paragraph, “UCC Filing Collateral” means Collateral, including Collateral
constituting investment property, for which a security interest can be perfected by filing a UCC-1 financing statement. “Stock
Certificates” means Collateral consisting of certificates representing Equity Interests of the Borrowers and the wholly owned
Domestic Subsidiaries of the Loan Parties (other than Immaterial Subsidiaries) (provided that Holdings and the Borrowers shall
not be required to deliver Stock Certificates constituting Excluded Property) for which a security interest can be perfected by delivering
such certificates, together with undated stock powers or other appropriate instruments of transfer executed in blank for each such certificate.

 

Section 4.02.          Conditions
to All Credit Extensions. The obligation of each Lender to honor any Request for Credit Extension (other than (x) on the Closing
Date, (y) a Committed Loan Notice requesting only a conversion of Loans to the other Type, or a continuation of SOFR Rate Loans,
or (z) as otherwise agreed by the lenders providing the same, in connection with any Indebtedness incurred under Section 2.14)
is subject to the following conditions precedent:

 

(a)          the
representations and warranties of the Borrowers and each other Loan Party contained in Article V or any other Loan Document shall
be true and correct in all material respects (and in all respects if any such representation or warranty is already qualified by materiality)
on and as of the date of such Credit Extension, except to the extent that such representations and warranties specifically refer to an
earlier date, in which case they shall be true and correct in all material respects (and in all respects if any such representation or
warranty is already qualified by materiality) as of such earlier date, and except that for purposes of this Section 4.02, the representations
and warranties contained in Sections 5.05(a) and 5.05(b) shall be deemed to refer to the most recent financial statements furnished
pursuant to Section 6.01(a) and (b), respectively, prior to such proposed Credit Extension.

 

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(b)          no
Default or Event of Default shall exist, or would result from such proposed Credit Extension or from the application of the proceeds
therefrom.

 

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

 

(d)          Excess
Availability on the date of such Credit Extension shall be adequate to cover the amount of such Credit Extension.

 

Each Request for a Credit
Extension (other than (x) on the Closing Date, (y) a Committed Loan Notice requesting only a conversion of Loans to the other
Type or a continuation of SOFR Rate Loans, or (z) as otherwise agreed by the lenders providing the same, in connection with any
Indebtedness incurred under Section 2.14) submitted by the Borrowers shall be deemed to be a representation and warranty that the
conditions specified in Sections 4.02(a), (b) and (d) have been satisfied (unless waived) on and as of the date of the applicable
Credit Extension; provided that, notwithstanding anything in this Section 4.02 to the contrary, any Request for Credit Extension
in connection with any Indebtedness incurred under Section 2.14 may be subject to the more limited conditions set forth therein.

 

Article V

Representations and Warranties

 

Each of Holdings (with respect
to Sections 5.01, 5.02, 5.03, 5.04, 5.08, 5.12, 5.13, 5.14, 5.18, 5.19 and 5.20) and the Borrowers represents and warrants to the Administrative
Agent, Collateral Agent and the Lenders that:

 

Section 5.01.          Existence,
Qualification and Power; Compliance with Laws. Each Loan Party and each of the Restricted Subsidiaries (subject, in the case of clause
(c), to the Legal Reservations and Section 5.03) (a) is a Person duly organized, formed or incorporated, validly existing and
in good standing (to the extent such concept is applicable in the relevant jurisdiction) under the Laws of the jurisdiction of its incorporation
or organization, (b) has all requisite power and authority to (i) own or lease its assets and carry on its business and (ii) execute,
deliver and perform its obligations under the Loan Documents to which it is a party, (c) is duly qualified and is authorized to
do business and in good standing (to the extent such concept is applicable in the relevant jurisdiction) under the Laws of each jurisdiction
where its ownership, lease or operation of properties or the conduct of its business requires such qualification and (d) has all
requisite governmental licenses, authorizations, consents and approvals to operate its business as currently conducted; except in each
case referred to in clause (a) (other than with respect to the Borrowers), (b)(i), (b)(ii) (other than with respect to the
Borrowers), (c) and (d), to the extent that any failure to be so or to have such could not reasonably be expected to have, individually
or in the aggregate, a Material Adverse Effect.

 

Section 5.02.          Authorization;
No Contravention. The execution, delivery and performance by each Loan Party of each Loan Document to which such Person is or is
to be a party, are within such Loan Party’s corporate or other powers, have been duly authorized by all necessary corporate or
other organizational action and do not (a) contravene the terms of any of such Person’s Organization Documents or (b) violate
any Law; except to the extent that such contravention or violation could not reasonably be expected to have, individually or in the aggregate,
a Material Adverse Effect.

 

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Section 5.03.          Governmental
Authorization; Other Consents. No approval, consent, exemption, authorization or other action by, or notice to, or filing with, any
Governmental Authority or any other Person is necessary or required in connection with (a) the execution, delivery, performance
by, or enforcement against, any Loan Party of this Agreement or any other Loan Document, or for the consummation of the Transactions,
(b) the grant by any Loan Party of the Liens granted by it pursuant to the Collateral Documents or (c) the perfection or maintenance
of the Liens created under the Collateral Documents, except for (x) filings and registrations necessary to perfect the Liens on
the Collateral granted by the Loan Parties, (y) the approvals, consents, exemptions, authorizations, actions, notices and filings
which have been duly obtained, taken, given or made and are in full force and effect or are pending with respect to the novation of Government
Contracts, and (z) those approvals, consents, exemptions, authorizations or other actions, notices or filings, the failure of which
to obtain or make could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

 

Section 5.04.          Binding
Effect. This Agreement and each other Loan Document has been duly executed and delivered by each Loan Party (subject, in each case,
to the Legal Reservations and Section 5.03) that is party thereto. Subject to the Legal Reservations, this Agreement and each other
Loan Document constitutes, a legal, valid and binding obligation of such Loan Party, enforceable against each Loan Party that is party
thereto in accordance with its terms.

 

Section 5.05.          Financial
Statements; No Material Adverse Effect.

 

(a)          The
audited consolidated financial statements of Vertex (or of any Parent Holding Company or Subsidiary of a Parent Holding Company allowed
to be delivered pursuant to the terms hereof) and its Subsidiaries most recently delivered pursuant to Section 6.01(a) fairly
present in all material respects the consolidated financial condition of Vertex (or of any Parent Holding Company or Subsidiary of a
Parent Holding Company allowed to be delivered pursuant to the terms hereof) and its Subsidiaries as of the dates thereof and their results
of operations for the period covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except
as otherwise expressly noted therein.

 

(b)          The
unaudited consolidated financial statements of Vertex (or of any Parent Holding Company or Subsidiary of a Parent Holding Company allowed
to be delivered pursuant to the terms hereof) and its Subsidiaries most recently delivered pursuant to Section 6.01(b) (i) were
prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein,
and (ii) fairly present in all material respects the consolidated financial condition of Vertex (or of any Parent Holding Company
or Subsidiary of a Parent Holding Company allowed to be delivered pursuant to the terms hereof) and its Subsidiaries as of the date thereof
and their results of operations for the period covered thereby, subject to the absence of footnotes and to normal and recurring year-end
audit adjustments.

 

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(c)          Since
December 31, 2017, 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.

 

(d)          The
consolidated forecasted balance sheets, statements of income and statements of cash flows of Vertex (or of any Parent Holding Company
or Subsidiary of a Parent Holding Company allowed to be delivered pursuant to the terms hereof) and its Subsidiaries most recently delivered
pursuant to Section 6.01(d) 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; it being understood that no assurance can be
given that any particular projections will be realized, actual results may vary from such forecasts and that such variations may be material.

 

Section 5.06.          Litigation.
There are no actions, suits, proceedings, claims or disputes pending or, to the knowledge of any Borrower, threatened in writing, at
law, in equity, in arbitration or before any Governmental Authority, against the Borrowers or any Restricted Subsidiary, or against any
of their properties or revenues that would reasonably be expected to have a Material Adverse Effect.

 

Section 5.07.          Use
of Proceeds. The Borrowers (a) will only use (1) the proceeds of the Revolving Credit Loans made on the Closing Date to
(i) fund the working capital needs of the Borrowers and their Restricted Subsidiaries and (ii) fund any original issue discount
or upfront fees required to be funded on the Closing Date due to the exercise of the “market flex provisions” under the fee
letter with the arrangers of the Term Facility and (iii) pay Closing Date Transactions Costs (including paying any fees, commissions
and expenses associated therewith) in an aggregate amount not to exceed $1,800,000 and (2) the Letters of Credit issued on the Closing
Date, if any, in replacement of, or as a backstop for, letters of credit of the Borrowers or their Subsidiaries outstanding on the Closing
Date; and (b) will use the Letters of Credit issued and the proceeds of all other Borrowings made after the Closing Date to finance
the working capital needs of the Borrowers and their Restricted Subsidiaries and for general corporate purposes of the Borrowers and
their Restricted Subsidiaries (including acquisitions and other Investments permitted hereunder).

 

Section 5.08.          Ownership
of Property; Liens.

 

(a)          Each
Loan Party and each of the Restricted Subsidiaries has fee simple or other comparable valid title to, or leasehold or subleasehold, as
applicable, interests in, all real property necessary in the ordinary conduct of its business, free and clear of all Liens except for
minor defects in title that do not materially interfere with its ability to conduct its business or to utilize such assets for their
intended purposes and Liens permitted by Section 7.02 (including, for the avoidance of doubt, Permitted Liens), except where the
failure to have such title or interests could not reasonably be expected to have, individually or in the aggregate, a Material Adverse
Effect on the use or operation of any Material Real Property or any real property necessary for the ordinary conduct of the Borrowers’
business, taken as a whole.

 

(b)          Set
forth on Schedule 5.08(b) hereto is a complete and accurate list, in all material respects, of all Material Real Property
owned by any Loan Party as of the Third Amendment Effective Date, showing as of the Third Amendment Effective Date, the street address
(to the extent available), county or other relevant jurisdiction, state and record owner; and as of the Third Amendment Effective Date,
no Loan Party owns any Material Real Property except as listed on Schedule 5.08(b).

 

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Section 5.09.          Environmental
Compliance. Except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect:

 

(a)          The
Borrower Parties and their respective operations and properties are in compliance with all applicable Environmental Laws and Environmental
Permits and none of the Borrowers or the Restricted Subsidiaries are subject to any unresolved Environmental Liability.

 

(b)          (i) None
of the properties currently or formerly owned or operated by the Borrowers or any Restricted Subsidiary is listed or, to the knowledge
of the Borrowers, proposed for listing on the NPL or on the CERCLIS or any analogous foreign, state or local list, (ii) there is
no asbestos or asbestos-containing material on any property currently owned or operated by the Borrowers or any of the Restricted Subsidiaries
requiring investigation, remediation, mitigation, removal, or assessment, or other response, remedial or corrective action, pursuant
to any Environmental Law and (iii) Hazardous Materials have not been Released and there exists no threat of Release of Hazardous
Materials on any property currently or, to the knowledge of the Borrowers, formerly owned or operated by the Borrowers or any of the
Restricted Subsidiaries, except for such Releases or threats of Releases that were in compliance with, or would not reasonably be expected
to give rise to liability under, Environmental Laws.

 

(c)          None
of the Borrowers or any of the Restricted Subsidiaries is undertaking, either individually or together with other potentially responsible
parties, any investigation, remediation, mitigation, removal, assessment or remedial, response or corrective action relating to any actual
or threatened Release, discharge or disposal of Hazardous Materials at any site, location or operation, either voluntarily or pursuant
to the order of any Governmental Authority or the requirements of any Environmental Law.

 

(d)          All
Hazardous Materials generated, used, treated, handled or stored at, or transported to or from, any property currently or, to the knowledge
of the Borrowers, formerly owned or operated by the Borrowers or any of the Restricted Subsidiaries have been disposed of in a manner
not reasonably expected to result in any Environmental Liability to the Borrowers or any of the Restricted Subsidiaries.

 

(e)          None
of the Borrowers or any of the Restricted Subsidiaries has received a notice of or is subject to any pending or, to the knowledge of
the Borrowers, threatened claim, action, proceeding or suit alleging any Environmental Liability.

 

Section 5.10.          Taxes.
The Borrowers and each of the Restricted Subsidiaries have filed or have caused to be filed all Tax returns and reports required to be
filed, and have paid all Taxes (including in its capacity as a withholding agent) levied or imposed upon them or their properties, income
or assets otherwise due and payable, except those (a) which are being contested in good faith by appropriate proceedings diligently
conducted and for which adequate reserves have been provided in accordance with GAAP or (b) with respect to which the failure to
make such filing or payment would not, individually or in the aggregate, reasonably be expected, individually or in the aggregate, to
have a Material Adverse Effect.

 

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Section 5.11.          Employee
Benefits Plans.

 

(a)          Except
as would not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect, (i) each Plan is
in compliance with the applicable provisions of ERISA, the Code and other applicable federal and state laws and (ii) each Plan that
is intended to be a qualified plan under Section 401(a) of the Code may rely upon an opinion letter for a prototype plan or
has received a favorable determination letter from the IRS 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 IRS to be exempt from federal income tax under Section 501(a) of
the Code, or an application for such a letter will be submitted to the IRS within the applicable required time period with respect thereto
or is currently being processed by the IRS, and to the knowledge of any Loan Party, nothing has occurred that would prevent, or cause
the loss of, such tax-qualified status.

 

(b)          Except
as would not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect, (i) each Foreign
Plan is in compliance with all requirements of Law applicable thereto and the respective requirements of the governing documents for
such plan and (ii) with respect to each Foreign Plan, none of the Borrowers or any of their Subsidiaries or any of their respective
directors, officers, employees or agents has engaged in a transaction that could subject the Borrowers or any Restricted Subsidiary,
directly or indirectly, to any tax or civil penalty.

 

(c)          There
are no pending or, to the knowledge of any Loan Party, threatened claims, actions or lawsuits, or action by any Governmental Authority,
with respect to any Plan that would reasonably be expected to have a Material Adverse Effect. There has been no “prohibited transaction”
within the meaning of Section 4975 of the Code or Section 406 or 407 of ERISA (and not otherwise exempt under Section 408
of ERISA) with respect to any Plan that would reasonably be expected to result in a Material Adverse Effect.

 

(d)          (i) No
ERISA Event has occurred and neither any Loan Party nor, to the knowledge of any Loan Party, 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 Plan or Multiemployer
Plan, (ii) each Loan Party and each ERISA Affiliate has met all applicable requirements under the Pension Funding Rules in
respect of each Plan, and no waiver of the minimum funding standards under such Pension Funding Rules has been applied for or obtained,
(iii) there exists no Unfunded Pension Liability, (iv) as of the most recent valuation date for any Plan, the present value
of all accrued benefits under such Plan (based on the actuarial assumptions used to fund such Plan) did not exceed the value of the assets
of such Plan allocable to such accrued benefits, (v) neither any Loan Party nor, to the knowledge of any Loan Party, any ERISA Affiliate
knows of any facts or circumstances that could reasonably be expected to cause the funding target attainment percentage (as defined in
Section 430(d)(2) of the Code) for any Plan, if applicable, to drop below 80% as of the most recent valuation date, (vi) neither
any Loan Party 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, (vii) neither any Loan Party nor any ERISA Affiliate has engaged in a transaction
that could be subject to Sections 4069 or 4212(c) of ERISA and (viii) no Plan has been terminated by the plan administrator
thereof or 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 Plan or Multiemployer Plan, except with respect to each of the foregoing clauses
(i) through (viii) of this Section 5.11(d), as would not reasonably be expected, individually or in the aggregate, to
result in a Material Adverse Effect.

 

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(e)          (i) With
respect to each Foreign Plan, reserves have been established in the financial statements furnished to Lenders in respect of any unfunded
liabilities in accordance with applicable Law and, where required, in accordance with ordinary accounting practices in the jurisdiction
in which such Foreign Plan is maintained, (ii) except as disclosed or reflected in such financial statements, there are no aggregate
unfunded liabilities with respect to Foreign Plans and the present value of the aggregate accumulated benefit liabilities of all Foreign
Plans did not, as of the last annual valuation date applicable thereto, exceed the assets of all such Foreign Plans, except with respect
to each of the foregoing clauses (i) and (ii) of this Section 5.11(e), as would not reasonably be expected, individually
or in the aggregate, to result in a Material Adverse Effect.

 

Section 5.12.          Subsidiaries;
Capital Stock. As of the Third Amendment Effective Date, there are no Restricted Subsidiaries other than those specifically disclosed
in Schedule 5.12, and all of the outstanding Capital Stock in such Restricted Subsidiaries that are owned by a Loan Party have
been validly issued, are fully paid and non-assessable (other than for those Restricted Subsidiaries that are limited liability companies
and limited partnerships and to the extent such concepts are not applicable in the relevant jurisdiction) and are owned free and clear
of all Liens except (i) those created under the Collateral Documents and the First Lien Credit Documents and Second Lien Credit
Documents and (ii) any nonconsensual Lien that is permitted under Section 7.02.

 

Section 5.13.          Margin
Regulations; Investment Company Act.

 

(a)          Each
of the Loan Parties is not engaged and will not engage, principally or as one of its important activities, in the business of purchasing
or carrying Margin Stock, or extending credit for the purpose of purchasing or carrying Margin Stock and no proceeds of any Borrowings
or drawings under any Letter of Credit will be used to purchase or carry any Margin Stock or to extend credit to others for the purpose
of purchasing or carrying any Margin Stock. Neither the making of any Credit Extension hereunder nor the use of proceeds thereof will
violate any regulations of the FRB, including the provisions of Regulations T, U or X of the FRB.

 

(b)          None
of the Loan Parties is or is required to be registered as an “investment company” under the Investment Company Act of 1940,
as amended.

 

Section 5.14.          Disclosure.
As of the Third Amendment Effective Date, no report, financial statement, certificate or other written information furnished by or on
behalf of any Loan Party (other than projected financial information, pro forma financial information and information of a general economic
or industry nature) to any Agent or any Lender in connection with the transactions contemplated hereby and the negotiation of this Agreement
or delivered hereunder or any other Loan Document (as modified or supplemented by other information so furnished), when taken as a whole,
contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein (when taken as
a whole), in the light of the circumstances under which they were made, not materially misleading; provided that, with respect
to projected and pro forma financial information, Holdings and the Borrowers represent only that such information was prepared in good
faith based upon assumptions believed to be reasonable at the time of preparation and delivery; it being understood that actual results
may vary from such forecasts and that such variances may be material.

 

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Section 5.15.          Compliance
with Laws. Each Borrower and each Restricted Subsidiary is in compliance in all material respects with the requirements of all Laws
and all orders, writs, injunctions and decrees applicable to it or to its properties, except in such instances in which (a) 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, either individually or in the aggregate, could not reasonably be expected to have a Material
Adverse Effect.

 

Section 5.16.          Intellectual
Property; Licenses, Etc. To the knowledge of the Borrowers, each Borrower and each Subsidiary Guarantor owns, licenses or possesses
the right to use, all of the trademarks, service marks, trade names, copyrights, patents and other intellectual property rights (collectively,
 “IP Rights”) that are necessary for the operation of its respective business, as currently conducted, except to the
extent such failure to own, license or possess, either individually or in the aggregate, could not reasonably be expected to have a Material
Adverse Effect and provided that the foregoing shall not deem to constitute a representation that the Borrowers and the Subsidiary Guarantors
do not infringe or violate the IP Rights held by any other Person. Set forth on Schedule 5.16 is a complete and accurate list
of all material registrations or applications to register in the United States Patent and Trademark Office or the United States Copyright
Office patents, trademarks, and copyrights owned or, in the case of copyrights, exclusively licensed by the Borrowers and Subsidiary
Guarantors as of the Third Amendment Effective Date. To the knowledge of the Borrowers, the conduct of the business of the Borrowers
or Subsidiary Guarantors as currently conducted does not infringe upon or violate any IP Rights held by any other Person, except for
such infringements and violations which, individually or in the aggregate, could not reasonably be expected to have a Material Adverse
Effect. To the knowledge of any Borrower, no claim or litigation regarding any of the foregoing is pending or, to the knowledge of any
Borrower, threatened in writing, which, either individually or in the aggregate, could reasonably be expected to have a Material Adverse
Effect.

 

Section 5.17.          Solvency.
On the Third Amendment Effective Date, after giving effect to the Transactions, the Borrowers and their Restricted Subsidiaries, on a
consolidated basis, are Solvent.

 

Section 5.18.          Perfection,
Etc. Subject to the Legal Reservations and Section 5.03, each Collateral Document delivered pursuant to this Agreement will,
upon execution and delivery thereof, be effective to create in favor of the Collateral Agent for the benefit of the Secured Parties,
legal, valid and enforceable Liens on, and security interests in, the Collateral described therein to the extent intended to be created
thereby, except as to enforcement, as may be limited by applicable domestic bankruptcy, insolvency, fraudulent conveyance, reorganization
(by way of voluntary arrangement, schemes of arrangements or otherwise), moratorium and other similar laws relating to or affecting creditors’
rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and (a) when financing statements
are filed in the offices of the Secretary of State of each Loan Party’s jurisdiction of organization or formation and applicable
documents are filed and recorded as applicable in the United States Copyright Office or the United States Patent and Trademark Office,
(b) upon the taking of possession or control by the Collateral Agent of such Collateral with respect to which a security interest
may be perfected only by possession or control (which possession or control shall be given to the Collateral Agent to the extent possession
or control by the Collateral Agent is required by the applicable Collateral Document) and (c) the Liens created by the Collateral
Documents shall constitute fully perfected Liens so far as possible under relevant law on, and security interests in (to the extent intended
to be created thereby and required to be perfected under the Loan Documents), all right, title and interest of the grantors in such Collateral
in each case free and clear of any Liens other than Liens permitted hereunder.

 

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Section 5.19.          Sanctions;
OFAC; Beneficial Ownership.

 

(a)          Sanctions
Laws and Regulations. Each of Holdings, the Borrowers and each of their respective Subsidiaries is in compliance, in all material
respects, with applicable Sanctions Laws and Regulations and applicable anti-money laundering laws and regulations. No Borrowing or Letter
of Credit, or use of proceeds, will violate or result in the violation of any Sanctions Laws and Regulations applicable to any party
hereto.

 

(b)          OFAC.
None of (I) Holdings, the Borrowers or any other Loan Party and (II) in any material respect, the Restricted Subsidiaries that
are not Loan Parties or, to the knowledge of Holdings and the Borrowers, any director, manager, officer, agent or employee of Holdings,
the Borrowers or any of their respective Restricted Subsidiaries, in each case, (i) is a person whose property or interest in property
is blocked or subject to blocking pursuant to Section 1 of the Executive Order, (ii) engages in any dealings or transactions
prohibited by Section 2 of the Executive Order, or is otherwise associated with any such person in any manner that violates Section 2
of the Executive Order or (iii) is a person on the list of “Specially Designated Nationals and Blocked Persons”, is
domiciled, organized or resident in a Sanctioned Country or is subject to the limitations or prohibitions under any other U.S. Department
of Treasury’s Office of Foreign Assets Control regulation or executive order or any other Sanctions Laws and Regulations. The Borrowers
will not directly or knowingly indirectly use the proceeds of the Loans or otherwise make available such proceeds to any Person, for
the purpose of financing the activities of any Person subject to any U.S. sanctions administered by OFAC or any other Sanctions Laws
and Regulations.

 

(c)          Beneficial
Ownership. The information included in the Beneficial Ownership Certification, if any, is true and correct in all material respects
as of the Third Amendment Effective Date after giving effect to the Acquisition.

 

Section 5.20.          Anti-Corruption
Laws. The Borrowers will not directly or, to the knowledge of Holdings and the Borrowers, indirectly use any part of the proceeds
of any Loan for any improper payments to any governmental official or employee, political party, official of a political party, candidate
for political office, or anyone else acting in an official capacity, or any other party (if applicable) in order to obtain, retain or
direct business or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977, as amended,
the United Kingdom Bribery Act of 2010, as amended, the Corruption of Foreign Public Officials Act (Canada), as amended, or any similar
laws, rules or regulations issued, administered or enforced by any Governmental Authority having jurisdiction over the Borrowers
(collectively, the “Anti-Corruption Laws”). The Borrowers have implemented and maintain in effect policies and procedures
designed to ensure compliance by Holdings, the Borrowers, their respective Subsidiaries and their respective directors, officer, employees
and agents with Anti-Corruption Laws, and the Borrowers, their Subsidiaries and their respective officers and employees and, to the knowledge
of Holdings and the Borrowers, their respective directors and agents, are in compliance with Anti-Corruption Laws.

 

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Section 5.21.          Government
Contracts. Schedule 5.21 hereto sets forth a true, correct and complete list of all Assigned Government Contracts in effect
on the Third Amendment Effective Date, and as of the Third Amendment Effective Date, all such Assigned Government Contracts are in full
force and effect and to the knowledge of the Borrowers, no material defaults currently exist thereunder (other than as described in Schedule
5.21 hereto). Except as set forth in Schedule 5.21 hereto as of the Third Amendment Effective Date, no Assigned Government
Contract (a) contains any provision permitting reduction or set-offs of amounts to be paid thereunder, (b) contains any provision
restricting assignments of sums due thereunder to the Collateral Agent, or (c) has been assigned to any other Person (other than
Permitted Liens). As of the Third Amendment Effective Date, to the knowledge of the Loan Parties, no Loan Party has received a written
notice of any alleged violation of FAR or other applicable Law that could reasonably be expected to adversely affect in a material manner
the enforceability or collectability of any material Accounts Receivable included in the calculation of the Borrowing Base.

 

Section 5.22.          Borrowing
Base Certificate. At the time of delivery of each Borrowing Base Certificate, assuming that any eligibility criteria that requires
the approval or satisfaction of the Administrative Agent has been approved by or is satisfactory to the Administrative Agent, (a) each
Account Receivable reflected therein as eligible for inclusion in the Borrowing Base (i) as an Eligible Account Receivable is an
Eligible Account Receivable, (ii) as an Eligible Unbilled Account Receivable is an Eligible Unbilled Account Receivable, (iii) as
an Eligible Government Account Receivable is an Eligible Government Account Receivable and (iv) as an Eligible Government Subcontract
Account Receivable is an Eligible Government Subcontract Account Receivable and (b) the Inventory reflected therein as eligible
for inclusion in the Borrowing Base constitutes Eligible Inventory.

 

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Article VI

Affirmative Covenants

 

So long as any Lender shall
have any Commitment hereunder, any Loan or other Obligation (other than contingent indemnification obligations as to which no claim has
been asserted and obligations and liabilities under Secured Cash Management Agreements and Secured Hedge Agreements) hereunder shall
remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding (other than Letters of Credit which have been Cash Collateralized),
(A) the Borrowers shall, and shall (except in the case of the covenants set forth in Sections 6.01, 6.02 and 6.03) cause each Restricted
Subsidiary to and (B) with respect to Section 6.14, Holdings shall:

 

Section 6.01.          Financial
Statements. Deliver to the Administrative Agent for further distribution to each Lender:

 

(a)          within
120 days (or 150 days with respect to the fiscal year ending December 31, 2021) after the end of each fiscal year of Vertex (or
of any Parent Holding Company or Subsidiary of a Parent Holding Company allowed to be delivered pursuant to the terms hereof), (commencing
with the fiscal year ending December 31, 2021), a consolidated balance sheet of Vertex (or of any Parent Holding Company or Subsidiary
of a Parent Holding Company allowed to be delivered pursuant to the terms hereof) and its Subsidiaries as at the end of such fiscal year,
and the related consolidated statements of income (loss) or operations, and cash flows for such fiscal year (in the case of such financial
statements for the fiscal year ending December 31, 2021, such annual financial statements may be separated into separate predecessor
and successor periods), setting forth in each case in comparative form (commencing with the fiscal year ending December 31, 2023)
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 any independent certified public accountant of nationally recognized standing, which report and opinion shall be
prepared in accordance with generally accepted auditing standards and shall not be subject to any qualification as to “going concern”
(other than a “going concern” or “emphasis of matter” explanatory paragraph or like statement) or the scope of
such audit (other than any such exception, qualification or explanatory paragraph that is with respect to, or from, (i) an
upcoming maturity date under the Facilities, the First Lien Term Facility, the Second Lien Term Facility or any other Indebtedness that
is scheduled to occur within one year from the time such report and opinion are delivered, (ii) any potential inability to satisfy
a financial maintenance covenant, including the Financial Covenant, on a future date or in a future period, (iii) any actual breach
of any financial maintenance covenant, including the Financial Covenant, or (iv) the activities, operations, financial results,
assets or liabilities of any Unrestricted Subsidiary);

 

(b)          within
60 days (or 75 days with respect to the fiscal quarters ending March 31, 2022, June 30, 2022 and September 30, 2022) after
the end of each of the first three (3) fiscal quarters of each fiscal year of Holdings (or of any Parent Holding Company or Subsidiary
of a Parent Holding Company allowed to be delivered pursuant to the terms hereof) (commencing with the fiscal quarter ending March 31,
2022), a consolidated balance sheet of Vertex (or of any Parent Holding Company or Subsidiary of a Parent Holding Company allowed to
be delivered pursuant to the terms hereof) and its Subsidiaries as at the end of such fiscal quarter, and the related consolidated statements
of income or operations and cash flows for such fiscal quarter and for the portion of the fiscal year then ended, setting forth in each
case in comparative form (commencing with the fiscal quarter ending March 31, 2023) 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;

 

(c)          within
20 days after the end of each fiscal month ending during a Cash Dominion Period, an unaudited consolidated balance sheet of Vertex (or
of any Parent Holding Company or Subsidiary of a Parent Holding Company allowed to be delivered pursuant to the terms hereof) and its
Subsidiaries as of the end of such fiscal month and the related consolidated statements of income or operations, shareholders’
equity and cash flows for such fiscal month and for the portion of the fiscal year then elapsed, all in reasonable detail and certified
by a Responsible Officer of Vertex (or of any Parent Holding Company or Subsidiary of a Parent Holding Company allowed to be delivered
pursuant to the terms hereof) as fairly presenting in all material respects the financial condition, results of operations, shareholders’
equity and cash flows of Vertex (or of any Parent Holding Company or Subsidiary of a Parent Holding Company allowed to be delivered pursuant
to the terms hereof) and its Subsidiaries in accordance with GAAP, subject only to normal year-end audit adjustments and the absence
of footnotes;

 

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(d)          within
120 days after the end of each fiscal year, to be distributed only to each Lender that has selected the “Private Side Information”
or similar designation, a consolidated budget of Vertex and its Subsidiaries for the upcoming fiscal year (in the form customarily prepared
by Vertex); provided that delivery of such budget pursuant to this Section 6.01(d) shall only be required hereunder
prior to a Qualified IPO;

 

(e)          concurrently
with the delivery of any financial statements pursuant to Sections 6.01(a), (b) or (c) above, the related consolidating financial
statements reflecting the adjustments necessary to eliminate the accounts of Unrestricted Subsidiaries (if any) from such consolidated
financial statements; and

 

(f)          quarterly,
at a time selected by Vertex and reasonably acceptable to the Administrative Agent that is promptly after the delivery of the information
required pursuant to Section 6.01(a) or 6.01(b), as applicable, commencing with the delivery of information with respect to
the fiscal period ending December 31, 2021, to participate in a conference call for Lenders to discuss the financial position and
results of operations of Vertex and its Restricted Subsidiaries for the most recently ended period for which financial statements have
been delivered.

 

Notwithstanding the foregoing,
(A) the obligations in clauses (a), (b), (c) and (d) of this Section 6.01 may be satisfied by furnishing, at the
option of the Borrowers, the applicable financial statements or, as applicable, budgets of (I) any successor of the Borrowers, (II) any
Wholly Owned Restricted Subsidiary of the Borrowers that, together with its consolidated Restricted Subsidiaries, constitutes substantially
all of the assets of the Borrowers and their consolidated Subsidiaries (a “Qualified Reporting Subsidiary”) or (III) Borrowers,
Holdings or any Parent Holding Company; provided that to the extent such information relates to a Qualified Reporting Subsidiary,
Borrowers, Holdings or a Parent Holding Company, such information is accompanied by consolidating information that explains in reasonable
detail the differences between the information relating to such Qualified Reporting Subsidiary, Borrowers, Holdings or any Parent Holding
Company, on the one hand, and the information relating to the Borrowers and the Restricted Subsidiaries on a standalone basis, on the
other hand, and (B) (i) in the event that the Borrowers (or of any Parent Holding Company or Subsidiary of a Parent Holding
Company allowed to deliver financial statements pursuant to the terms hereof) delivers to the Administrative Agent an Annual Report on
Form 10-K for any fiscal year (or similar filing in the applicable jurisdiction), as filed with the SEC or in such form as would
have been suitable for filing with the SEC, within the time frames set forth in clause (a) above, such Form 10-K shall satisfy
all requirements of clause (a) of this Section 6.01 with respect to such fiscal year to the extent that it contains the information
and report and opinion required by such clause (a) and such report and opinion does not contain any “going concern”
qualification or qualification as to the scope of audit (other than any such qualification, exception or explanatory paragraph expressly
permitted to be contained therein under clause (a) of this Section 6.01) and (ii) in the event that the Borrowers
(or of any Parent Holding Company or Subsidiary of a Parent Holding Company allowed to deliver financial statements pursuant to the terms
hereof) delivers to the Administrative Agent a Quarterly Report on Form 10-Q for any fiscal quarter (or similar filing in the applicable
jurisdiction), as filed with the SEC or in such form as would have been suitable for filing with the SEC, within the time frames set
forth in clause (b) above, such Form 10-Q shall satisfy all requirements of clause (b) of this Section with respect
to such fiscal quarter to the extent that it contains the information required by such clause (b); in each case to the extent that information
contained in such Form 10-K or Form 10-Q (or similar filings in the applicable jurisdiction) satisfies the requirements of
clauses (a), (b) or (c) of this Section 6.01, as the case may be.

 

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Section 6.02.          Certificates;
Other Information. Deliver to the Administrative Agent:

 

(a)          [reserved];

 

(b)          no
later than five (5) days after the delivery of (i) the financial statements referred to in Sections 6.01(a) and (b) or
(ii) an Annual Report on Form 10-K or a Quarterly Report on Form 10-Q (in either case, delivered pursuant to the last
paragraph of Section 6.01), a duly completed Compliance Certificate (which shall contain a calculation of the covenant set forth
in Section 7.08, whether or not a Compliance Period is in effect) signed by a Responsible Officer of the Borrowers (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);

 

(c)          promptly
after the same are available, copies of all annual, regular, periodic and special reports and registration statements which Holdings
or the Borrowers may file or be required to file, copies of any report, filing or communication with the SEC under Section 13 or
15(d) of the Exchange Act, or with any Governmental Authority that may be substituted therefor, or with any national securities
exchange, and in any case not otherwise required to be delivered to the Administrative Agent pursuant hereto;

 

(d)          promptly
after the furnishing thereof, copies of any notices of default delivered or received by any Loan Party, in each case pursuant to the
terms of the First Lien Credit Agreement, the Second Lien Credit Agreement or any Junior Financing in a principal amount greater than
the Threshold Amount and not otherwise required to be furnished to the Lenders pursuant to any other clause of this Section 6.02;

 

(e)          promptly
after the receipt thereof by any Loan Party or any of its Subsidiaries, copies of each notice or other correspondence received from the
SEC (or comparable agency in any applicable non-U.S. jurisdiction) concerning any material investigation or other material inquiry by
such agency regarding financial or other operational results of any Loan Party or any of its Subsidiaries;

 

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(f)          promptly
after the assertion or occurrence thereof, notice of any action arising under any Environmental Law against or of any noncompliance by
any Loan Party or any of its Subsidiaries with any Environmental Law or Environmental Permit that could reasonably be expected to have
a Material Adverse Effect;

 

(g)          [reserved];

 

(h)          (i)             Not
later than twenty (20) days after the end of each fiscal month commencing with the fiscal month ending June 30, 2018, the Borrowers
shall deliver a Borrowing Base Certificate with respect to the Borrowing Base, together with, to the extent reasonably available, such
supporting information as the Administrative Agent may from time to time reasonably request in connection therewith as of the end of
such fiscal month executed by a Responsible Officer of the Borrowers;

 

(ii)           During
any Cash Dominion Period, the Borrowers shall deliver, not later than three (3) Business Days after the end of the last day of each
week, additional Borrowing Base Certificates as described in clause (i) above and, to the extent reasonably available, supporting
information in connection therewith as of the end of such period (containing available updated figures for Eligible Accounts Receivable,
Eligible Government Accounts Receivable, Eligible Government Subcontract Accounts Receivable and Eligible Unbilled Accounts Receivable
but not, unless otherwise available, Eligible Inventory) executed by a Responsible Officer of the Borrowers;

 

(i)           concurrently
with the delivery of the Borrowing Base Certificate referenced in subsection (h)(i) above, the Borrowers shall deliver a list of
all Assigned Government Contracts that came into existence during the preceding calendar month, together with all FACA Requirement Documents
with respect to such Assigned Government Contract;

 

(j)           promptly,
after receipt thereof, by any Loan Party or any of its Subsidiaries, copies of any “Cure Notice”, “Show Cause”
or other similar notice received in connection with a Government Contract or Government Subcontract that could reasonably be expected
to adversely affect the enforceability or collectability of any Accounts Receivable included in the calculation of the Borrowing Base;

 

(k)          promptly
after the receipt thereof by any Loan Party or any of its Subsidiaries, copies of each notice or other correspondence received from the
United States or any of its departments, agencies or instrumentalities concerning any material investigation or other material inquiry
by the United States or such department, agency or instrumentality regarding (x) the performance by any Loan Party or any of its
Subsidiaries of any Government Contract or Government Subcontract or (y) compliance with FAR or any other applicable Law with respect
to any Government Contract or Government Subcontract, in each case, that could reasonably be expected to adversely affect the enforceability
or collectability of any Accounts Receivable included in the calculation of the Borrowing Base;

 

(l)           promptly,
such additional information regarding the business, legal, financial or corporate affairs of any Loan Party or any Restricted Subsidiary
thereof as the Administrative Agent or any Lender through the Administrative Agent may from time to time reasonably request; provided
that, notwithstanding anything to the contrary herein, neither Holdings nor any Subsidiary shall be required to provide any information
(i) that constitutes trade secrets or proprietary information, (ii) in respect of which disclosure to the Administrative Agent
or any Lender is prohibited by Law or any binding agreement or (iii) that is subject to attorney client or similar privilege or
constitutes attorney work product; or

 

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(m)         at
any time or from time to time upon the request of the Administrative Agent or any Lender, Vertex will, at its expense, provide the Administrative
Agent or such Lender with any information and documentation reasonably requested for purposes of compliance with the Beneficial Ownership
Regulation or other applicable anti-money laundering laws under 31 U.S.C. 5318(h) and its implementing regulations. If (i) required
under the Beneficial Ownership Regulation and (ii) Vertex qualifies as a “legal entity customer” under the Beneficial
Ownership Regulation, it shall have delivered a Beneficial Ownership Certification to the Administrative Agent.

 

Documents required to be
delivered pursuant to Section 6.01(a), (b), (c), (d) or (e) or Section 6.02(c) or (d) (or to the extent
any such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall
be deemed to have been delivered on the date on which such documents are posted on behalf of the Borrowers (or any Parent Holding Company
or Subsidiary of a Parent Holding Company allowed to be delivered pursuant to the terms hereof) on the Platform or another relevant internet
or intranet website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party website
or whether sponsored by the Administrative Agent); provided that: (i) upon written request by the Administrative Agent, the
Borrowers shall deliver paper copies of such documents to the Administrative Agent for further distribution to each Lender until a written
request to cease delivering paper copies is given by the Administrative Agent or such Lender and (ii) the Borrowers shall notify
(which may be by facsimile or electronic mail) the Administrative Agent of the posting of any such documents described in this paragraph
and provide to the Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents to the extent requested
by the Administrative Agent. The Administrative Agent shall have no obligation to request the delivery of or to maintain or deliver to
Lenders paper copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by the Borrowers
with any such request for delivery, and each Lender shall be solely responsible for timely accessing posted documents or requesting delivery
of paper copies of such documents from the Administrative Agent and maintaining its copies of such documents.

 

The Borrowers hereby acknowledge
that (a) the Administrative Agent and/or the Arrangers will make available to the Lenders, the Swingline Lender and the L/C Issuers
materials and/or information provided by or on behalf of the Borrowers hereunder (collectively, “Borrower Materials”)
by posting the Borrower Materials on IntraLinks/IntraAgency, LendAmend, Syndtrak, DebtX 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 (within the meaning of foreign and United States federal and state securities laws) with respect to Holdings or
its Affiliates, or the respective securities of any of the foregoing, and who may be engaged in investment and other market-related activities
with respect to such Persons’ securities. The Borrowers hereby agree that they will use commercially reasonable efforts to identify
that portion of the Borrower Materials that may be distributed to the Public Lenders and that (w) all such Borrower Materials shall
be clearly and conspicuously marked “PUBLIC SIDE” which, at a minimum, means that the word “PUBLIC SIDE” or “PUBLIC”
shall appear prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC SIDE” or “PUBLIC,”
the Borrowers shall be deemed to have authorized the Administrative Agent, the Arrangers, the Swingline Lender, the L/C Issuers 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 Holdings or its Affiliates, or their respective securities for purposes of foreign and United States federal and state
securities laws (provided, however, that to the extent such Borrower Materials constitute Information, they shall be treated
as set forth in Section 10.08); (y) all Borrower Materials marked “PUBLIC SIDE” or “PUBLIC” are permitted
to be made available through a portion of the Platform designated “Public Side Information” and (z) any Borrower Materials
that are not marked “PUBLIC SIDE” or “PUBLIC” shall be deemed to contain material non-public information (within
the meaning of foreign and United States federal and state securities laws) and shall not be suitable for posting on a portion of the
Platform designated “Public Side Information.” Notwithstanding anything herein to the contrary, financial statements delivered
pursuant to Sections 6.01(a), (b) and (c) and Compliance Certificates delivered pursuant to Section 6.02(b) shall
be deemed to be suitable for posting on a portion of the Platform designated “Public Side Information.”

 

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Section 6.03.          Notices.
Promptly, after a Responsible Officer of any Borrower or any Guarantor has obtained knowledge thereof, notify the Administrative Agent
for further distribution to each Lender:

 

(a)          of
the occurrence of any Default hereunder or under the First Lien Credit Agreement or under the Second Lien Credit Agreement;

 

(b)          of
any matter that has resulted or could reasonably be expected to result in a Material Adverse Effect;

 

(c)          of
the institution of any material litigation not previously disclosed by any Borrower to the Administrative Agent, or any material development
in any material litigation that is reasonably likely to be adversely determined, and would, in either case, if adversely determined be
reasonably expected to have a Material Adverse Effect;

 

(d)          (i) of
the occurrence of any ERISA Event, where there is any reasonable likelihood of the imposition of liability on any Loan Party as a result
thereof that would be reasonably expected to have a Material Adverse Effect; and (ii) promptly after any reasonable request therefor
by the Administrative Agent or any Lender, copies of (A) any documents described in Section 101(k)(1) of ERISA that any
Borrower or any ERISA Affiliate may request with respect to any Multiemployer Plan with respect to which there is any reasonable likelihood
of the imposition of liability on any Loan Party or (B) any notices described in Section 101(l)(1) of ERISA that any Borrower
or any ERISA Affiliate may request with respect to any Multiemployer Plan with respect to which there is any reasonable likelihood of
the imposition of liability of any Loan Party; provided, however, that if any Borrower or any ERISA Affiliate have not
requested such documents or notices from the administrator or sponsor of the applicable Multiemployer Plan, the applicable Borrower or
the applicable ERISA Affiliate shall promptly make a request for such documents and notices from such administrator or sponsor and shall
provide copies of such documents and notices promptly after receipt thereof;

 

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(e)          of
the occurrence of any Foreign Benefit Event, where there is any reasonable likelihood of the imposition of liability on any Loan Party
as a result thereof that would be reasonably expected to have a Material Adverse Effect;

 

(f)          of
the occurrence of any change to the legal name or state of organization of any Loan Party or any other fundamental change which would
adversely affect the perfection of Collateral Agent’s security interest in the Collateral; and

 

(g)          (i) of
the termination prior to the scheduled completion of any Government Contract or Government Subcontract that generates Accounts Receivable
included in the calculation of the Borrowing Base or (ii) of any alleged violation of FAR or other applicable Law that could reasonably
be expected to adversely affect the enforceability or collectability of any Accounts Receivable included in the calculation of the Borrowing
Base.

 

Each notice pursuant to this
Section 6.03 shall be accompanied by a statement of a Responsible Officer of the Borrowers setting forth details of the occurrence
referred to therein and, if applicable, stating what action the Borrowers have taken and propose to take with respect thereto.

 

Section 6.04.          Payment
of Taxes. Pay, discharge or otherwise satisfy as the same shall become due and payable all its obligations and liabilities in respect
of Taxes imposed upon it or its income, profits, properties or other assets, except, in each case, (i) to the extent any such Tax
is being contested in good faith and by appropriate proceedings for which appropriate reserves have been established in accordance with
GAAP or (ii) if such failure to pay or discharge such obligations and liabilities would not reasonably be expected to have, individually
or in the aggregate, a Material Adverse Effect.

 

Section 6.05.          Preservation
of Existence, Etc. (a) Preserve, renew and maintain in full force and effect its legal existence under the Laws of the jurisdiction
of its organization except in a transaction permitted by Section 7.03 or 7.04, (b) take all reasonable action to maintain all
rights, privileges (including its good standing, if such concept is applicable in its jurisdiction of organization), 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 or as otherwise permitted hereunder, and (c) use commercially reasonable efforts to
preserve or renew all of its registered copyrights, patents, trademarks, trade names and service marks, the non-preservation of which
could reasonably be expected to have a Material Adverse Effect or as otherwise permitted hereunder, provided that nothing in this Section 6.05
shall require the preservation, renewal or maintenance of, or prevent the abandonment by, any Borrower or Restricted Subsidiary of any
registered copyrights, patents, trademarks, trade names and service marks that such Borrower or Restricted Subsidiary reasonably determines
is not useful to its business or no longer commercially desirable.

 

Section 6.06.          Maintenance
of Properties. Except if the failure to do so could not reasonably be expected to have, individually or in the aggregate, a Material
Adverse Effect, maintain, preserve and protect all of its tangible properties and equipment that are necessary in the operation of its
business in good working order, repair and condition, ordinary wear and tear excepted and casualty or condemnation excepted.

 

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Section 6.07.          Maintenance
of Insurance. Except if the failure to do so could not reasonably be expected to have a Material Adverse Effect, maintain in full
force and effect, with insurance companies that the Borrowers believe (in the good faith judgment of the management of the Borrowers)
are financially sound and responsible at the time the relevant coverage is placed or renewed, insurance in at least such amounts (after
giving effect to any self-insurance which the Borrowers believe (in the good faith judgment of management of the Borrowers) is reasonable
and prudent in light of the size and nature of its business) and against at least such risks (and with such risk retentions) as are usually
insured against in the same general area by companies engaged in businesses similar to those engaged by the Borrower Parties; provided
with respect to each Mortgaged Property that is located in an area identified by the Federal Emergency Management Agency (or any
successor agency) as a “special flood hazard area” with respect to which flood insurance has been made available under Flood
Insurance Laws, (A) maintain, with financially sound and reputable insurance companies, such flood insurance in such reasonable
total amount as the Administrative Agent and the Lenders may from time to time reasonably require, and otherwise sufficient to comply
with all applicable rules and regulations promulgated pursuant to the Flood Insurance Laws and (B) promptly upon request of
the Administrative Agent, deliver to the Administrative Agent as applicable, evidence of such compliance in form and substance reasonably
acceptable to the Administrative Agent, including, without limitation, evidence of annual renewals of such insurance. Subject to Section 6.16,
the Borrowers shall use commercially reasonable efforts to ensure that at all times the Collateral Agent, for the benefit of the Secured
Parties, shall be named as an additional insured, lender loss payee and/or loss payee, as applicable, with respect to liability policies
(other than directors and officers policies and workers compensation) maintained by Holdings, the Borrowers and each Subsidiary Guarantor
and the Collateral Agent, for the benefit of the Secured Parties, shall be named as lender loss payee and mortgagee with respect to the
property insurance maintained by Holdings, the Borrowers and each Subsidiary Guarantor; provided that, unless an Event of Default
shall have occurred and be continuing, (A) all proceeds from insurance policies shall be paid to the applicable Borrower or Subsidiary
Guarantor, (B) to the extent the Collateral Agent receives any proceeds, the Collateral Agent shall turn over to the Borrower Representative
any amounts received by it as an additional insured, lender loss payee and/or loss payee under any property insurance maintained by the
Borrowers and their Subsidiaries, and (C) the Collateral Agent agrees that the Borrowers and/or their applicable Subsidiaries shall
have the sole right to adjust or settle any claims under such insurance.

 

Section 6.08.          Compliance
with Laws. Comply with the requirements of all applicable Laws (including, without limitation, ERISA, the PATRIOT Act, Sanctions
Laws and Regulations, Environmental Laws and FAR) and all orders, writs, injunctions and decrees of any Governmental Authority applicable
to it or to its business or property, except if the failure to comply therewith, either individually or in the aggregate, could not reasonably
be expected to have a Material Adverse Effect.

 

Section 6.09.          Books
and Records. Maintain proper books of record and account, in a manner to allow financial statements to be prepared in all material
respects in conformity with GAAP consistently applied in respect of all financial transactions and matters involving the assets and business
of the Borrowers or, if applicable, Holdings or such Restricted Subsidiary, as the case may be (it being understood and agreed that Foreign
Subsidiaries may maintain individual books and records in conformity with generally accepted accounting principles that are applicable
in their respective jurisdiction of organization).

 

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Section 6.10.          Inspection
Rights. Permit representatives of the Administrative Agent and, during the continuance of any Event of Default, of each Lender to
visit and inspect any of its properties (subject to the rights of lessees or sublessees thereof and subject to any restrictions or limitations
in the applicable lease, sublease or other written occupancy arrangement pursuant to which such Borrower or such Restricted Subsidiary
is a party), 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, managers, officers, and independent public accountants (subject to such accountants’
customary policies and procedures), all at the reasonable expense of the Borrowers and at such reasonable times during normal business
hours and as often as may be reasonably desired, upon reasonable advance written notice to the Borrowers; provided that, excluding
any such visits and inspections during the continuation of an Event of Default, (i) only the Administrative Agent on behalf of the
Lenders may exercise rights under this Section 6.10, (ii) the Administrative Agent shall not exercise such rights more often
than one time during any calendar year and (iii) such exercise shall be at the Borrowers’ expense; provided further,
that when an Event of Default is continuing the Administrative Agent (or any of its respective representatives) may do any of the foregoing
at the expense of the Borrowers at any time and from time to time during normal business hours and upon reasonable advance written notice.
The Administrative Agent and the Lenders shall give the Borrowers the opportunity to participate in any discussions with the Borrowers’
accountants. Notwithstanding anything to the contrary in this Section 6.10, none of the Borrowers nor any Restricted Subsidiary
will be required to disclose or permit the inspection or discussion of, any document, information or other matter (i) that constitutes
non-financial trade secrets or non-financial proprietary information, (ii) in respect of which disclosure to the Administrative
Agent or any Lender (or their respective representatives or contractors) is prohibited by Law or any binding agreement or (iii) that
is subject to attorney client or similar privilege or constitutes attorney work product. Section 6.19 shall not be construed to
limit or otherwise affect any Agent’s or Lender’s rights under this Section 6.10.

 

Section 6.11.          Use
of Proceeds. The Borrowers will use the Letters of Credit and the proceeds of the Loans only as provided in Sections 5.07 and subject
to the limitations set forth in Sections 5.13(a), 5.19 and 5.20.

 

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Section 6.12.          Covenant
to Guarantee Obligations and Give Security.

 

(a)           Upon
the formation or acquisition of any new wholly owned Domestic Subsidiary by any Loan Party (provided that each of (i) any
Subsidiary Redesignation resulting in an Unrestricted Subsidiary becoming a Restricted Subsidiary that is a Domestic Subsidiary and (ii) any
Excluded Subsidiary ceasing to be an Excluded Subsidiary but remaining a Restricted Subsidiary and a Domestic Subsidiary (including a
FSHCO ceasing to be a FSHCO designation of an Excluded Subsidiary as a Guarantor)) shall be deemed to constitute the acquisition of a
Domestic Subsidiary for all purposes of this Section 6.12), and upon the acquisition of any property (other than (x) Excluded
Property and real property that is not Material Real Property and (y) U.S. intellectual property that is not registered with, or
that is not the subject of an application for registration with, the United States Patent and Trademark Office or United States Copyright
Office) by any Loan Party, which property, in the reasonable judgment of the Administrative Agent, is not already subject to a perfected
Lien in favor of the Collateral Agent for the benefit of the Secured Parties (and where such a perfected Lien would be required in accordance
with the terms of the Collateral Documents or other Loan Documents), the Borrowers shall, at the Borrowers’ expense:

 

(i)          in
connection with such formation or acquisition of a Domestic Subsidiary, within ninety (90) days after such formation or acquisition or
such longer period as the Collateral Agent may agree in its reasonable discretion, (A) cause each such Subsidiary that is not an
Excluded Subsidiary to duly execute and deliver to the Collateral Agent a guaranty or guaranty supplement, in form and substance reasonably
satisfactory to the Collateral Agent, guaranteeing the Obligations and a joinder or supplement to the applicable Collateral Documents
and (B) (if not already so delivered) deliver certificates (or the foreign equivalent thereof, as applicable) representing the Equity
Interests of each such Subsidiary (if any) held by the applicable Loan Party accompanied by undated stock powers or other appropriate
instruments of transfer executed in blank and instruments evidencing the Indebtedness owing by such Subsidiary to any Loan Party indorsed
in blank to the Collateral Agent (or, if applicable, the Controlling Term Loan Agent as defined in, and in accordance with, the ABL Intercreditor
Agreement) in each case to the extent required to be delivered pursuant to the Collateral Documents, together with, if requested by the
Collateral Agent, supplements to the Security Agreement; provided that any Excluded Property shall not be required to be pledged
as Collateral,

 

(ii)         within
ninety (90) days (or, with respect to the Mortgages and related deliverables, within 120 days) after such formation or acquisition of
any such property or any request therefor by the Collateral Agent (or such longer period, as the Collateral Agent may agree in its reasonable
discretion) duly execute and deliver, and cause each such Domestic Subsidiary that is not an Excluded Subsidiary to duly execute and deliver,
to the Collateral Agent one or more Mortgages (and other documentation and instruments referred to in Section 6.14) (with respect
to Material Real Properties only), Security Agreement Supplements, Intellectual Property Security Agreement Supplements, as specified
by and in form and substance reasonably satisfactory to the Collateral Agent (consistent, to the extent applicable, with the Security
Agreement, the Intellectual Property Security Agreement, the Mortgages and the other Collateral Documents (and Section 6.14)), securing
payment of all the Obligations (provided that to the extent any property to be subject to a Mortgage is located in a jurisdiction
which imposes mortgage recording taxes, intangibles tax, documentary tax or similar recording fees or taxes, the relevant Mortgage shall
not secure an amount in excess of the Fair Market Value of such property subject thereto and shall not secure the Obligations in respect
of Letters of Credit or the Revolving Credit Facility in those states that impose a mortgage tax on paydowns or re-advances applicable
thereto) of the applicable Loan Party or such Subsidiary, as the case may be, under the Loan Documents and establishing Liens on all such
properties or property; provided that such properties or property shall not be required to be pledged as Collateral, and no Security
Agreement Supplements, Intellectual Property Security Agreement Supplements or other Collateral Documents shall be required to be
delivered in respect thereof, to the extent that any such properties or property constitute Excluded Property,

 

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(iii)         within
ninety (90) days (or, with respect to the Mortgages and related deliverables, within 120 days) after such request, formation or acquisition,
or such longer period, as the Collateral Agent may agree in its reasonable discretion, take, and cause each such Domestic Subsidiary that
is not an Excluded Subsidiary and each applicable Loan Party to take, whatever action (including the recording of Mortgages (with respect
to Material Real Properties only), the filing of UCC financing statements, the giving of notices, delivery to the Collateral Agent (or,
if applicable, the Controlling Term Loan Agent as defined in, and in accordance with, the ABL Intercreditor Agreement) of stock and membership
interest certificates or foreign equivalents representing the applicable Capital Stock) as may be necessary or advisable in the reasonable
opinion of the Collateral Agent to vest in the Collateral Agent (or in any representative of the Collateral Agent designated by it), subject
to the Legal Reservations and Section 5.03, valid and subsisting Liens on the properties purported to be subject to the Mortgages,
Security Agreement Supplements, Intellectual Property Security Agreement Supplements, supplements to other Collateral Documents and
security agreements delivered pursuant to this Section 6.12, in each case to the extent required under the Loan Documents and subject
to the Perfection Exceptions, enforceable against all third parties in accordance with their terms,

 

(iv)        within
ninety (90) days (or, with respect to the Mortgages and related deliverables, within 120 days) after the request of the Collateral Agent,
or such longer period as the Collateral Agent may agree in its reasonable discretion, deliver to the Collateral Agent, Organization Documents,
resolutions and a signed copy of one or more customary opinions, addressed to the Collateral Agent and the other Secured Parties, of counsel
for the Loan Parties (or the Collateral Agent, as applicable) reasonably acceptable to the Collateral Agent as to such matters as the
Collateral Agent may reasonably request (limited, in the case of any opinions of local counsel to Loan Parties constituting material Subsidiary
Guarantors in jurisdictions in which any Mortgaged Property is located, to opinions relating to Material Real Property),

 

(v)         within
90 days (or, with respect to the Mortgages and related deliverables, within 120 days) after the request of the Collateral Agent, or such
longer period as the Collateral Agent may agree in its reasonable discretion, deliver to the Collateral Agent with respect to each Material
Real Property that is the subject of such request and subject to a Mortgage, title reports in scope, form and substance reasonably satisfactory
to the Collateral Agent (but only to the extent such reports exist and are in the possession of the relevant Loan Party or can reasonably
be obtained), fully paid American Land Title Association Lender’s title insurance policies or the equivalent or other form available
in the applicable jurisdiction in form and substance, with endorsements as provided in Section 6.14 and in amounts, reasonably acceptable
to the Collateral Agent (not to exceed the value of the Material Real Properties covered thereby and subject to any tie-in coverage available),
and

 

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(vi)        at
any time and from time to time, promptly execute and deliver any and all further instruments and documents and take all such other action
as the Collateral Agent in its reasonable judgment may deem necessary or desirable in obtaining the full benefits of, or in perfecting
and preserving the Liens of, such guaranties, Mortgages, Security Agreement Supplements, Intellectual Property Security Agreement
Supplements, Collateral Documents and security agreements, in each case to the extent required under the Loan Documents and subject to
the Perfection Exceptions.

 

Notwithstanding anything to
the contrary in this Agreement or any other Loan Document, in the event that a Foreign Subsidiary becomes a Guarantor, such Loan Party
shall grant a valid and enforceable Lien on its assets pursuant to arrangements reasonably agreed between the Administrative Agent and
the Borrower Representative, subject to the Legal Reservations and to customary limitations in such jurisdiction as may be reasonably
agreed between the Administrative Agent and the Borrower Representative, and nothing in the definition of “Excluded Assets”
or other limitation in this Agreement or limit shall be construed to prevent such Foreign Subsidiary from becoming a Guarantor or granting
a lien on its assets or a pledge of the Equity Interests issued by such Foreign Subsidiary.

 

Notwithstanding anything to
the contrary contained herein or in any other Loan Document, in no event shall any security documentation governed by the laws of a jurisdiction
other than the United States or any state thereof or the District of Columbia be required in respect of the assets or, or Equity Interests
issued by, the U.S. Obligors (other than Equity Interests issued by the Loan Parties).

 

Section 6.13.        Compliance
with Environmental Laws. Except, in each case, to the extent that the failure to do so would not reasonably be expected to have a
Material Adverse Effect, (i) comply, and make all reasonable efforts to cause all lessees and other Persons operating or occupying
its properties to comply with all Environmental Laws and Environmental Permits; (ii) obtain, maintain and renew all applicable Environmental
Permits necessary for its operations and properties; and (iii) to the extent required under Environmental Laws, conduct any investigation,
mitigation, study, sampling and testing, and undertake any cleanup, removal or remedial, corrective or other action necessary to respond
to and remove and clean up all Hazardous Materials from any of its properties, in accordance with the requirements of all Environmental
Laws.

 

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Section 6.14.        Further
Assurances. Promptly upon request by the Administrative Agent, or the Collateral Agent or any Lender through the Administrative Agent,
and subject to the limitations described in Section 6.12, (i) correct any material defect or error that may be discovered in
any Loan Document or other document or instrument relating to any Collateral or in the execution, acknowledgment, filing or recordation
thereof and (ii) do, execute, acknowledge, deliver, record, re-record, file, re-file, register and re-register any and all such
further acts, deeds, certificates, assurances and other instruments as the Administrative Agent, or the Collateral Agent or any Lender
through the Administrative Agent, may reasonably require from time to time in order to grant, preserve, protect and continue the validity,
perfection and priority of the security interests created or intended to be created by the Collateral Documents, in each case to the
extent required under the Loan Documents and subject to the Perfection Exceptions. By the date that is 120 days after the Closing Date
or 120 days after the acquisition of any Mortgaged Property following the Closing Date, as such time period may be extended in the Collateral
Agent’s reasonable discretion, the Borrowers shall, and shall cause each Restricted Subsidiary to, deliver to the Collateral Agent:

 

(i)          a
Mortgage with respect to each Mortgaged Property, together with evidence each such Mortgage has been duly executed, acknowledged and delivered
by a duly authorized officer of each Loan Party party thereto on or before such date in a form suitable for filing and recording in all
appropriate local filing or recording offices that the Collateral Agent may deem reasonably necessary or desirable in order to create
a valid and subsisting perfected Lien on the property described therein in favor of the Collateral Agent for the benefit of the Secured
Parties, subject only to Permitted Liens, and that all filing and recording taxes and fees have been paid or otherwise provided for in
a manner reasonably satisfactory to the Collateral Agent; provided that to the extent any property to be subject to a Mortgage
is located in a jurisdiction that imposes mortgage recording taxes, intangibles tax, documentary tax or similar recording fees or taxes,
the relevant Mortgage shall not secure an amount in excess of the Fair Market Value of such property subject thereto and shall not secure
the Obligations in respect of Letters of Credit or the Revolving Credit Facility in those states that impose a mortgage tax on paydowns
or re-advances applicable thereto;

 

(ii)         fully
paid American Land Title Association or equivalent Lender’s title insurance policies or marked up unconditional binder for such
insurance (the “Mortgage Policies”) in form and substance reasonably requested by Collateral Agent, with endorsements
reasonably requested by Collateral Agent, in amounts reasonably acceptable to the Collateral Agent (not to exceed the Fair Market Value
of the Material Real Properties covered thereby and subject to any tie-in coverage available), issued, coinsured and reinsured by title
insurers reasonably acceptable to the Collateral Agent;

 

(iii)        American
Land Title Association/American Congress on Surveying and Mapping form surveys, for which all necessary fees (where applicable) have been
paid, certified to the Collateral Agent and the issuer of the Mortgage Policies in a manner reasonably satisfactory to the Collateral
Agent by a land surveyor duly registered and licensed in the state in which the property described in such surveys is located and reasonably
acceptable to the Collateral Agent; provided that new or updated surveys will not be required if an existing survey, ExpressMap
or other similar documentation is available and is sufficient for the title company issuing such Mortgage Policy to remove the general
survey exception and issue the survey related endorsements without the need for such new or updated surveys;

 

(iv)        in
each case with respect to any Material Real Property, customary opinions of local counsel to the Loan Parties in jurisdictions in which
the Mortgaged Property is located, with respect to the enforceability and perfection of the Mortgages and, if applicable any related fixture
filings, in form and substance reasonably satisfactory to the Collateral Agent;

 

(v)         customary
opinions of counsel to the Loan Parties in the states in which the Loan Parties party to the Mortgages are organized or formed, with respect
to the valid existence, corporate power and authority of such Loan Parties in the granting of the Mortgages, in form and substance reasonably
satisfactory to the Collateral Agent;

 

(vi)        with
respect to each improved Mortgaged Property, a “Life-of Loan” Federal Emergency Management Agency Standard Flood Hazard Determination;

 

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(vii)       evidence
that all other actions reasonably requested by the Administrative Agent, that are necessary in order to create valid and subsisting Liens
on the property described in the Mortgage, have been taken; and

 

(viii)     evidence
that all documented and invoiced fees, costs and expenses have been paid in connection with the preparation, execution, filing and recordation
of the Mortgages, including reasonable attorneys’ fees, filing and recording fees, title insurance company coordination fees, documentary
stamp, mortgage and intangible taxes and title search charges and other charges incurred in connection with the recordation of the Mortgages
and the other matters described in this Section 6.14 and as otherwise required to be paid in connection therewith under Section 10.04.

 

Section 6.15.       Maintenance
of Ratings. Use commercially reasonable efforts to obtain and maintain (but not obtain or maintain a specific rating) (i) a
public corporate family rating of the Borrowers and a rating of the Facilities, in each case from Moody’s, and (ii) a public
corporate credit rating of the Borrowers and a rating of the Facilities, in each case from S&P (it being understood and agreed that
 “commercially reasonable efforts” shall in any event include the payment by the Borrowers of customary rating agency fees
and cooperation with information and data requests by Moody’s and S&P in connection with their ratings process).

 

Section 6.16.       Post-Closing
Undertakings. Within the time periods specified on Schedule 6.16 hereto (as each may be extended by the Administrative Agent
in its reasonable discretion), provide such Collateral Documents and complete such undertakings as are set forth on Schedule 6.16
hereto.

 

Section 6.17.       No
Change in Line of Business. Continue to engage in substantially similar lines of business as those lines of business conducted by
the Borrower Parties on the date hereof including any business reasonably related, complementary, synergistic or ancillary thereto or
reasonable extensions thereof.

 

Section 6.18.       Transactions
with Affiliates.

 

(a)          The
Borrowers will not, and will not permit any of the Restricted Subsidiaries to, directly or indirectly, make any payment to, or sell, lease,
transfer or otherwise dispose of any of its properties or assets to, or purchase any property or assets from, or enter into or make or
amend any transaction or series of transactions, contract, agreement, understanding, loan, advance or guarantee with, or for the benefit
of, any Affiliate of any Borrower involving aggregate consideration in excess of the greater of $31,000,000 and 15.0% of Consolidated
EBITDA of the Group Parties (each of the foregoing, an “Affiliate Transaction”), unless such Affiliate Transaction
is on terms that are not materially less favorable to the relevant Borrower or the relevant Restricted Subsidiary than those that could
have been obtained in a comparable transaction by the relevant Borrower or such Restricted Subsidiary with an unrelated Person on an arm’s
length basis.

 

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(b)          The
provisions of Section 6.18(a) shall not apply to the following:

 

(1)          (a) transactions
between or among the Loan Parties and/or any of the Restricted Subsidiaries (or an entity that becomes a Restricted Subsidiary as a result
of such transaction) and (b) any merger, amalgamation or consolidation of any Borrower and Holdings or any Parent Holding Company;
provided that such parent entity shall have no material liabilities and no material assets (other than cash, Cash Equivalents and
the Capital Stock of a Borrower or Holdings, as applicable) and such merger, amalgamation or consolidation is otherwise in compliance
with the terms of this Agreement and effected for a bona fide business purpose;

 

(2)          (a) Restricted
Payments permitted by Section 7.05 and (b) Permitted Investments (other than Permitted Investments under clause (13) of the
definition thereof);

 

(3)          transactions
in which any Borrower or any Restricted Subsidiary, as the case may be, delivers to the Administrative Agent a letter from an Independent
Financial Advisor stating that such transaction is fair to such Borrower or such Restricted Subsidiary from a financial point of view
or meets the requirements of Section 6.18(a)(i);

 

(4)          payments,
loans, advances or guarantees (or cancellation of loans, advances or guarantees) to employees, officers, directors, managers, consultants
or independent contractors for bona fide business purposes or in the ordinary course of business;

 

(5)          any
agreement or arrangement as in effect as of the Third Amendment Effective Date (other than the Management Agreement) or as thereafter
amended, supplemented or replaced (so long as such amendment, supplement or replacement agreement is not materially disadvantageous (as
determined in good faith by the management of the Borrower Representative) to the Lenders when taken as a whole as compared to the original
agreement or arrangement as in effect on the Third Amendment Effective Date) or any transaction or payments contemplated thereby;

 

(6)          (i) the
payment of management, monitoring, consulting, transaction, termination, exit, oversight, advisory and similar fees to Sponsor and (ii) the
payment or reimbursement of all indemnification obligations and expenses owed to Sponsor and its directors, officers, members of management,
managers, employees and consultants, in each case of clauses (i) and (ii) of this clause (6) whether currently due or paid
in respect of accruals from prior periods;

 

(7)          the
existence of, or the performance by any Borrower or any of its Restricted Subsidiaries of its obligations under the terms of, any stockholders
or similar agreement (including any registration rights agreement or purchase agreement related thereto) to which it is a party as of
the Third Amendment Effective Date or similar transactions, arrangements or agreements which it may enter into thereafter; provided,
however, that the existence of, or the performance by any Borrower or any of its Restricted Subsidiaries of its obligations under,
any future amendment to any such existing transaction, arrangement or agreement or under any similar transaction, arrangement or agreement
entered into after the Third Amendment Effective Date shall only be permitted by this clause (7) to the extent that the terms of
any such existing transaction, arrangement or agreement, together with all amendments thereto, taken as a whole, or new transaction, arrangement
or agreement are not otherwise disadvantageous (as determined in good faith by the management of the Borrower Representative) to the Lenders,
in any material respect when taken as a whole as compared with the original transaction, arrangement or agreement as in effect on the
Third Amendment Effective Date;

 

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(8)          transactions
with customers, clients, suppliers or purchasers or sellers of goods or services, in each case, in the ordinary course of business and
otherwise in compliance with the terms of this Agreement, which are fair to the Borrowers and the Restricted Subsidiaries or are on terms
at least as favorable as might reasonably have been obtained at such time from an unaffiliated party (as determined in good faith by the
management of the Borrower Representative);

 

(9)          [reserved];

 

(10)        the
sale, issuance or transfer of Equity Interests (other than Disqualified Stock) of the Borrowers;

 

(11)        payments
by any Borrower or any of its Restricted Subsidiaries to the Sponsor made for any financial advisory, financing, underwriting or placement
services or in respect of other investment banking activities, including, without limitation, in connection with acquisitions or divestitures;

 

(12)        any
contribution to the capital of the Borrowers (other than Disqualified Stock) or any investments by the Sponsor or a direct or indirect
parent of the Borrowers in Equity Interests (other than Disqualified Stock) of the Borrowers (and payment of reasonable out-of-pocket
expenses incurred by the Sponsor or a direct or indirect parent of Vertex in connection therewith);

 

(13)        any
transaction with a Person (other than an Unrestricted Subsidiary) that would constitute an Affiliate Transaction solely because a Borrower
or a Restricted Subsidiary owns an Equity Interest in or otherwise controls such Person; provided that no Affiliate of any Borrower
or any of its Subsidiaries (other than a Borrower or a Restricted Subsidiary) shall have a beneficial interest or otherwise participate
in such Person;

 

(14)        transactions
between any Borrower or any of its Restricted Subsidiaries and any Person that would constitute an Affiliate Transaction solely because
such Person is a director or such Person has a director which is also a director of any Borrower or any direct or indirect parent of any
Borrower; provided, however, that such director abstains from voting as a director of such Borrower or such direct or indirect
parent of any Borrower, as the case may be, on any matter involving such other Person;

 

(15)        the
entering into of any tax sharing agreement or arrangement and any payments pursuant thereto, in each case to the extent permitted by clauses
(13) or (14)(e) of the second paragraph under Section 7.05;

 

(16)        transactions
to effect (x) the Transactions and payment of all fees and expenses related to the Transactions and (y) any Transition Arrangements;

 

(17)        pledges
of Equity Interests of Unrestricted Subsidiaries;

 

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(18)        the
issuances of securities or other payments, awards or grants in cash, securities or otherwise pursuant to, or the funding of, employment
arrangements, equity purchase agreements, stock options and stock ownership plans or similar employee benefit plans approved by the Board
of Directors of a Borrower, Holdings or any Parent Holding Company or of a Restricted Subsidiary, as appropriate, in good faith;

 

(19)        (i) any
employment, consulting, service or termination agreement, or customary indemnification arrangements, entered into by any Borrower or any
of its Restricted Subsidiaries with current, former or future officers, directors, employees, managers, consultants and independent contractors
of any Borrower or any of its Restricted Subsidiaries (or of any direct or indirect parent of such Borrower to the extent such agreements
or arrangements are in respect of services performed for such Borrower or any of the Restricted Subsidiaries), (ii) any subscription
agreement or similar agreement pertaining to the repurchase of Equity Interests pursuant to put/call rights or similar rights with current,
former or future officers, directors, employees, managers, consultants and independent contractors of any Borrower or any of its Restricted
Subsidiaries or of any direct or indirect parent of such Borrower and (iii) any payment of compensation or other employee compensation,
benefit plan or arrangement, any health, disability or similar insurance plan which covers officers, directors, employees, managers, consultants
and independent contractors of any Borrower or any of its Restricted Subsidiaries or any direct or indirect parent of such Borrower (including
amounts paid pursuant to any management equity plan or any other management or employee benefit plan or agreement or any stock subscription
or shareholder agreement, stock option or similar plans and any successor plan thereto and any supplemental executive retirement benefit
plans or arrangements), in each case in the ordinary course of business or as otherwise approved in good faith by the Board of Directors
of a Borrower, Holdings or any Parent Holding Company or of a Restricted Subsidiary or a direct or indirect parent of any Borrower, as
appropriate;

 

(20)        investments
by Affiliates in Indebtedness or preferred Equity Interests of any Borrower or any of its Subsidiaries, so long as non-Affiliates were
also offered the opportunity to invest in such Indebtedness or preferred Equity Interests, and transactions with Affiliates solely in
their capacity as holders of Indebtedness or preferred Equity Interests of any Borrower or any of its Subsidiaries, so long as such transaction
is with all holders of such class (and there are such non-Affiliate holders) and such Affiliates are treated no more favorably than all
other holders of such class generally;

 

(21)        the
existence of, or the performance by any Borrower or any of its Restricted Subsidiaries of their obligations under the terms of, any registration
rights agreement to which they are a party or become a party in the future;

 

(22)        investments
by the Sponsor or a direct or indirect parent of the Borrowers in securities of any Borrower or any Restricted Subsidiary (and payment
of reasonable out-of-pocket expenses incurred by the Sponsor or a direct or indirect parent of the Borrowers in connection therewith);

 

(23)        transactions
with joint ventures for the purchase or sale of goods, equipment and services entered into in the ordinary course of business;

 

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(24)        any
lease entered into between any Borrower or any Restricted Subsidiary, as lessee, and any Affiliate of any Borrower, as lessor, in the
ordinary course of business;

 

(25)        (i) intellectual
property licenses and (ii) intercompany intellectual property licenses and research and development agreements in the ordinary course
of business;

 

(26)        transactions
approved by a majority of the Disinterested Directors of the Board of Directors of Vertex, Holdings or any Parent Holding Company;

 

(27)        transactions
pursuant to, and complying with Section 7.03;

 

(28)        intercompany
transactions undertaken in good faith for the purpose of improving the consolidated tax efficiency of Vertex and the Restricted Subsidiaries
and not for the purpose of circumventing any covenant set forth herein, provided that, after giving effect to any such transactions, the
security interest of the Collateral Agent in the Collateral, taken as a whole, is not materially impaired or reduced (in each case, as
determined by the management of the Borrower Representative in good faith); or

 

(29)        transactions
constituting any part of a Permitted Reorganization or a Permitted IPO Reorganization.

 

Section 6.19.        Field
Examinations; Collateral Appraisals.

 

(a)          Each
Loan Party shall conduct, or shall cause to be conducted, at its expense and upon request of the Administrative Agent, and present to
the Administrative Agent for approval, such inspections, field examinations, appraisals, audits, investigations and reviews as the Administrative
Agent shall reasonably request for the purpose of determining the Borrowing Base, all from an appraiser reasonably acceptable to the Administrative
Agent and upon reasonable prior notice and at such times during normal business hours; provided that unless an Event of Default
has occurred and is continuing, not more than two (2) field examinations and not more than two (2) Inventory appraisals (one
of which shall be a “desktop” appraisal) shall be required in each calendar year (excluding the Initial Field Exam with respect
to the fiscal year in which such Initial Field Exam is completed); provided, that the Administrative Agent shall be entitled, at
the Borrowers’ sole cost and expense, to conduct an additional field examination and/or an additional Inventory appraisal in any
one year period if Excess Availability is less than the greater of (x) $10,000,000 and (y) 10% of the Loan Cap for five (5) consecutive
Business Days; provided further, that following the occurrence and during the continuation of an Event of Default, such field examinations
and/or inventory appraisals may be conducted at the Borrowers’ sole cost and expense as many times as the Administrative Agent shall
consider reasonably necessary; provided further, that Administrative Agent may, in its Permitted Discretion, require additional
field examinations and/or Inventory appraisals for the purpose of determining eligibility of any assets acquired in connection with an
Investment, including in connection with the Merger (and any such additional field examinations and/or Inventory appraisals shall not
reduce the number of field examinations and/or Inventory appraisals that Administrative Agent may conduct in any fiscal year), provided
that up to $10,000,000 of assets acquired in connection with an Investment (excluding assets acquired pursuant to the Acquisition and
the Merger) may be included in the Borrowing Base (to the extent such assets otherwise meet the applicable eligibility criteria) prior
to completion of a field examination and/or Inventory appraisal with respect to such assets, subject to such lower advance rates or Reserves
as determined by the Administrative Agent in its Permitted Discretion.

 

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(b)          The
Borrower shall cooperate with the Administrative Agent so that not later than one hundred twenty (120) days after the Fourth Amendment
Effective Date (or such longer period of time as the Administrative Agent may agree in its sole discretion) (the “Required Report
Date”), a field examination with respect to the Eligible Accounts Receivable, Eligible Government Accounts Receivable, Eligible
Government Subcontract Accounts Receivable and Eligible Unbilled Accounts Receivable of the assets acquired in the Merger (the “Initial
Field Exam”) from one or more third parties that are reasonably satisfactory to the Administrative Agent (it being understood
that Nardella & Taylor, LLP shall be reasonably satisfactory to the Administrative Agent) has been delivered to the Administrative
Agent; provided, that there shall be no Default or Event of Default solely as a result of a failure to complete and deliver the
Initial Field Exam within the applicable time period.

 

(c)          The
Administrative Agent may in connection with any field examination conducted pursuant to Section 6.19(a), at the Borrowers’
sole cost and expense, make physical verifications of the inventory in any manner and through any medium that the Administrative Agent
reasonably considers advisable, and the applicable Loan Party shall furnish all such reasonable assistance and reasonably available information
as the Administrative Agent may reasonably require in connection therewith. At any time and from time to time, upon the Administrative
Agent’s reasonable request and at the expense of the Borrowers, such Loan Party shall, or shall use commercially reasonable efforts
to cause independent public accountants or others satisfactory to the Administrative Agent to, furnish to the Administrative Agent reports
showing reconciliations, aging and test verifications of, and trial balances for, the Accounts Receivable; provided, however,
that unless an Event of Default pursuant to Section 8.1(a), (f), or (g) shall be continuing, (x) the Administrative Agent
shall request no more than two such reports from each Loan Party during any calendar year and (y) such test verifications shall be
conducted in coordination with the applicable Loan Party.

 

Section 6.20.        Control
Accounts; Approved Deposit Accounts.

 

(a)          Each
Loan Party shall, subject to the proviso hereto, (i) following the date that is ninety (90) days after the Closing Date (or such
later date as the Administrative Agent may agree) deposit in an Approved Deposit Account all cash it receives, (ii) not establish
or maintain any Securities Account that is not a Control Account and (iii) not establish or maintain any Deposit Account other than
with a Deposit Account Bank subject to an effective Deposit Account Control Agreement; provided, however, that notwithstanding
the foregoing, each Loan Party may (x) maintain (I) accounts for payroll, payroll tax, withholding tax or any other tax required
to be collected, remitted or withheld, and (II) disbursement, benefits, escrow, trust, cash collateral, customs and other fiduciary
accounts (and (A) each Loan Party shall use commercially reasonable efforts to ensure that such accounts receive no deposits from
Account Debtors in respect of an Account Receivable; (B) each Loan Party shall promptly after becoming aware of any deposit in such
accounts from Account Debtors in respect of an Account Receivable cause such deposit to transferred to an Approved Deposit Account and
(C) each Loan Party shall use commercially reasonable efforts to ensure that such accounts shall only receive deposits in amounts
reasonably expected to be required to satisfy the payroll, disbursement or other fiduciary obligations to be made from such accounts)
and (y) maintain other accounts as long as the aggregate balance for all such Loan Parties in all such other accounts does not exceed
the Dollar Amount of $5,000,000 at any time (each of the accounts referred to in clauses (x) and (y), an “Excluded Account”);
provided further, however, that (1) with respect to any Deposit Account or Securities Account, other than an Excluded Account,
maintained on the Closing Date, each of the Loan Parties shall deliver, to the extent not delivered to the Administrative Agent on the
Closing Date, each Deposit Account Control Agreement on or prior to the date that is ninety (90) days after the Closing Date (or such
later date as the Administrative Agent may agree), (2) with respect to any Deposit Account or Securities Account, other than an Excluded
Account, established after the Closing Date, each applicable Loan Party shall deliver to the Administrative Agent a Deposit Account Control
Agreement within thirty (30) days after establishing such Deposit Account or Securities Account, and (3) with respect to any Deposit
Account or Securities Account, other than an Excluded Account, acquired after the Closing Date, each applicable Loan Party shall deliver
to the Administrative Agent a Deposit Account Control Agreement within ninety (90) days after acquiring such Deposit Account or Securities
Account.

 

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(b)          Each
Loan Party shall, promptly upon the applicable Deposit Account becoming subject to a Deposit Account Control Agreement, (i) instruct
each Account Debtor or other Person obligated to make a payment to any of them under any Account Receivable or General Intangible (as
defined in the UCC) to make payment, or to continue to make payment, to an Approved Deposit Account and (ii) deposit in an Approved
Deposit Account (or, to the extent permitted pursuant to clause (a) above, an Excluded Account) immediately upon receipt all Proceeds
(as defined in the UCC) of such Accounts Receivable and General Intangibles (as defined in the UCC) received by Borrowers or any of their
Restricted Subsidiaries from any other Person.

 

(c)          In
the event (i) any Loan Party or any Deposit Account Bank shall, after the date hereof, terminate an agreement with respect to the
maintenance of an Approved Deposit Account for any reason or (ii) any Agent shall demand such termination as a result of the failure
of a Deposit Account Bank to comply with the terms of the applicable Deposit Account Control Agreement, each Loan Party shall notify all
of its respective obligors that were making payments to such terminated Approved Deposit Account to make all future payments to another
Approved Deposit Account.

 

(d)          In
the event (i) any Loan Party or any Approved Securities Intermediary shall, after the date hereof, terminate an agreement with respect
to the maintenance of a Control Account for any reason or (ii) any Agent shall demand such termination as a result of the failure
of an Approved Securities Intermediary to comply with the terms of the applicable Deposit Account Control Agreement, each Loan Party shall
notify all of its obligors that were making payments to such terminated Control Account to make all future payments to another Control
Account.

 

(e)          The
Agents may establish one or more Cash Collateral Accounts with such depositaries and Securities Intermediaries as it in its reasonable
discretion shall determine. Each Loan Party agrees that each such Cash Collateral Account shall meet the requirements set forth in the
definition of “Cash Collateral Account.” During any Cash Dominion Period, the Agents shall cause all amounts on deposit in
any Approved Deposit Account and/or any Control Account to be transferred to a Cash Collateral Account at the end of each Business Day.
If the Agents exercise such right, all amounts on deposit in the Cash Collateral Account be applied on a daily basis by the Administrative
Agent to reduce amounts outstanding under the Revolving Credit Facility.

 

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(f)          Without
limiting the foregoing, funds on deposit in any Cash Collateral Account may be invested (but the Agents shall be under no obligation to
make any such investment) in Cash Equivalents at the direction of the Administrative Agent and, except during the continuance of an Event
of Default, the Agents agree with the Loan Parties to issue Entitlement Orders for such investments in Cash Equivalents as requested by
the applicable Borrower; provided, however, that the Agents shall not have any responsibility for, or bear any risk of loss
of, any such investment or income thereon. None of Borrowers or any other Loan Party or Person claiming on behalf of or through the Borrowers
or any other Loan Party shall have any right to demand payment of any funds held in any Cash Collateral Account at any time prior to the
earlier of (A) termination of all outstanding applicable Letters of Credit and the payment in full of all then outstanding and payable
monetary Obligations and (B) the end of the applicable Cash Dominion Period. The applicable Agent shall apply all funds on deposit
in a Cash Collateral Account as provided in Section 8.04.

 

Section 6.21.        FACA
Requirement. The Loan Parties shall, promptly following the Third Amendment Effective Date, deliver to the Collateral Agent the FACA
Requirement Documents with respect to each Assigned Government Contract in existence on the Third Amendment Effective Date. The Loan
Parties shall, within the time period required by Section 6.02(i) hereof, notify the Collateral Agent in writing whenever a
new Assigned Government Contract comes into existence, and deliver to the Collateral Agent the FACA Requirement Documents. With respect
to any Government Contract (other than an Assigned Government Contract pursuant to clause (a) of the definition thereof), at the
request of the Administrative Agent, after the occurrence and during the continuance of an Event of Default, the Loan Parties shall promptly
execute and deliver to the Collateral Agent the FACA Requirement Documents with respect to such Government Contract. The Collateral Agent
may (and at the direction of the Required Lenders shall) file, with the appropriate Governmental Authority, all FACA Requirement Documents
required to be delivered to the Collateral Agent pursuant to the terms of this Agreement during a Cash Dominion Period. To the extent
not already filed pursuant to the immediately preceding sentence, the Collateral Agent shall file, with the appropriate Governmental
Authority, all FACA Requirement Documents required to be delivered to the Collateral Agent pursuant to the terms of this Agreement after
the occurrence and during the continuance of an Event of Default. The covenants of the Loan Parties set forth in this Section 6.21
are referred to herein as the “FACA Requirement”.

 

Section 6.22.        Accounting
Changes. Maintain its fiscal year; provided, however, that (a) the Borrowers,
Holdings or any Restricted Subsidiary thereof may upon written notice to the Administrative Agent, change its fiscal year to any other
fiscal year reasonably acceptable to the Administrative Agent and (b) any Restricted Subsidiary may change its fiscal year to the
same fiscal year as the Borrower, and in each such case of clause (a) or clause (b), the Borrower Representative and the
Administrative Agent will, and are hereby authorized by the Lenders to, make any amendments to this Agreement that are necessary, in
the judgment of the Administrative Agent and the Borrower, to reflect such change in fiscal year.

 

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Article VII

Negative Covenants

 

So long as any Lender shall
have any Commitment hereunder, any Loan or other Obligation (other than contingent indemnification obligations as to which no claim has
been asserted and obligations and liabilities under Secured Cash Management Agreements and Secured Hedge Agreements) hereunder shall
remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding (other than Letters of Credit which have been Cash Collateralized),
(A) except with respect to Section 7.09, the Borrowers shall not, nor shall they permit any other Restricted Subsidiary to,
directly or indirectly and (B) with respect to Section 7.09, Holdings shall not:

 

Section 7.01.        Indebtedness.
Directly or indirectly, Incur any Indebtedness (including Acquired Indebtedness) or issue any shares of Disqualified Stock, and
Holdings will not permit any of its Restricted Subsidiaries to issue any shares of Preferred Stock other than Indebtedness (including
Acquired Indebtedness), Disqualified Stock or Preferred Stock of Holdings or any Restricted Subsidiary (“Incremental Equivalent
Debt”) in an amount equal to, without duplication, (i) the amount of Indebtedness that could be Incurred under the Cash-Capped
Incremental Facility (as defined in the First Lien Credit Agreement as in effect on the Third Amendment Effective Date), (ii) the
amount of Indebtedness that could be Incurred under the Prepayment-Based Incremental Facility (as defined in the Second Lien Credit Agreement
as in effect on the Third Amendment Effective Date) and/or (iii) an unlimited amount, so long as the Maximum Leverage Requirement
is satisfied; such Incremental Equivalent Debt Incurred under this clause (iii), the “Incremental Equivalent Ratio Component
Debt”); provided that, in the case of any Incremental Equivalent Debt Incurred by any Loan Party that is secured, all
Liens on the ABL Priority Collateral shall rank junior in priority to the Liens on the ABL Priority Collateral securing the Obligations
(it being understood that such Liens on the Term Loan Priority Collateral may rank senior in priority to the Liens on the Term Loan Priority
Collateral securing the Obligations) pursuant to the ABL Intercreditor Agreement or another Market Intercreditor Agreement.

 

The foregoing limitations
will not apply to (collectively, “Permitted Debt”):

 

(a)          Indebtedness
arising under the Loan Documents;

 

(b)          Indebtedness
consisting of Permitted Credit Facilities or any Permitted Refinancing thereof;

 

(c)          Indebtedness
of the Borrowers and their Restricted Subsidiaries that is existing on the Third Amendment Effective Date and, in the case of Indebtedness
in excess of $16,000,000, listed on Schedule 7.01;

 

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(d)          Indebtedness
(including, without limitation, Capitalized Lease Obligations and mortgage financings as purchase money obligations) Incurred by the Borrowers
or any of their Restricted Subsidiaries, Disqualified Stock issued by the Borrowers or any of their Restricted Subsidiaries and Preferred
Stock issued by any Restricted Subsidiaries to finance all or any part of the purchase, lease, construction, installation, repair or improvement
of property (real or personal), plant or equipment or other fixed or capital assets (whether through the direct purchase of assets or
the Equity Interests of any Person owning such assets) and Indebtedness arising from the conversion of the obligations of the Borrowers
or any Restricted Subsidiary under or pursuant to any “synthetic lease” transactions to on-balance sheet Indebtedness of such
Borrower or such Restricted Subsidiary, in an aggregate principal amount or liquidation preference, including all Indebtedness Incurred
and Disqualified Stock or Preferred Stock issued to renew, refund, refinance, replace, defease or discharge any Indebtedness Incurred
or Disqualified Stock or Preferred Stock issued pursuant to this clause (d), not to exceed the greater of (x) $62,000,000 and (y) 30.0%
of Consolidated EBITDA of the Borrower Parties, at any one time outstanding, plus, in the case of any refinancing of any Indebtedness
permitted under this clause (d) or any portion thereof, the aggregate amount of Incremental Amounts Incurred in connection with such
refinancing; provided that Capitalized Lease Obligations Incurred by the Borrowers or any Restricted Subsidiary pursuant to this
clause (d) in connection with a Sale/Leaseback Transaction shall not be subject to the foregoing limitation so long as the proceeds
of such Sale/Leaseback Transaction are used by the Borrowers or such Restricted Subsidiary to permanently repay outstanding Indebtedness
under this Agreement or other Indebtedness that is secured by pari passu Liens on the Collateral;

 

(e)          Indebtedness
Incurred by the Borrowers or any of their Restricted Subsidiaries constituting reimbursement obligations with respect to letters of credit
or bank guarantees or similar instruments issued in the ordinary course of business, including, without limitation, (i) letters of
credit or performance or surety bonds in respect of workers’ compensation claims, health, disability or other employee benefits
(whether current or former) or property, casualty or liability insurance or self-insurance, or other Indebtedness with respect to reimbursement-type
obligations regarding workers’ compensation claims, health, disability or other employee benefits (whether current or former) or
property, casualty or liability insurance and (ii) guarantees of Indebtedness Incurred by customers in connection with the purchase
or other acquisition of equipment or supplies in the ordinary course of business;

 

(f)           Indebtedness,
Disqualified Stock or Preferred Stock arising from agreements of the Borrowers or the Restricted Subsidiaries providing for indemnification,
earn-outs, adjustment of purchase or acquisition price or similar obligations, in each case, Incurred in connection with the acquisition
or disposition of any business, assets or a Subsidiary of the Borrowers in accordance with this Agreement, other than guarantees of Indebtedness
Incurred or Disqualified Stock or Preferred Stock issued by any Person acquiring all or any portion of such business, assets or Subsidiary
for the purpose of financing such acquisition;

 

(g)          Indebtedness
or Disqualified Stock of the Borrowers owing to a Restricted Subsidiary; provided that such Indebtedness or Disqualified Stock
owing to a Non-Loan Party is subordinated in right of payment to the Borrowers’ Obligations with respect to this Agreement pursuant
to the Intercompany Note;

 

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(h)          shares
of Preferred Stock of a Restricted Subsidiary issued to the Borrowers or another Restricted Subsidiary; provided that any subsequent
issuance or transfer of any Capital Stock or any other event that results in any Restricted Subsidiary that holds such shares of Preferred
Stock of another Restricted Subsidiary ceasing to be a Restricted Subsidiary or any other subsequent transfer of any such shares of Preferred
Stock (except to the Borrowers or another Restricted Subsidiary) shall be deemed, in each case, to be an issuance of shares of Preferred
Stock not permitted by this clause (h);

 

(i)           Indebtedness,
Disqualified Stock or Preferred Stock of a Restricted Subsidiary or a Borrower owing to another Borrower or another Restricted Subsidiary;
provided that if the Borrowers or a Loan Party Incurs such Indebtedness, Disqualified Stock or Preferred Stock owing to a
Non-Loan Party, such Indebtedness, Disqualified Stock or Preferred Stock is subordinated in right of payment to the Borrowers’ Obligations
or Guarantee of such Loan Party, as applicable, pursuant to the Intercompany Note;

 

(j)           obligations
under Swap Contracts and cash management services Incurred other than for speculative purposes;

 

(k)          obligations
(including reimbursement obligations with respect to letters of credit or bank guarantees or similar instruments) in respect of customs,
self-insurance, performance, bid, appeal and surety bonds and completion guarantees and similar obligations provided by the Borrowers
or any Restricted Subsidiary;

 

(l)           Indebtedness
or Disqualified Stock of the Borrowers or any Restricted Subsidiary and Preferred Stock of any Restricted Subsidiary in an aggregate principal
amount or liquidation preference that, when aggregated with the principal amount or liquidation preference of all other Indebtedness,
Disqualified Stock and Preferred Stock then outstanding and Incurred pursuant to this clause (l), does not exceed the greater of (x) $125,000,000
and (y) 60.0% of Consolidated EBITDA of the Borrower Parties, at any one time outstanding, plus, in the case of any refinancing
of any Indebtedness, Disqualified Stock or Preferred Stock permitted under this clause (l) or any portion thereof, the aggregate
amount of Incremental Amounts Incurred in connection with such refinancing (it being understood that any Indebtedness Incurred or Disqualified
Stock or Preferred Stock issued pursuant to this clause (l) shall cease to be deemed Incurred, issued or outstanding pursuant to
this clause (l) but shall be deemed Incurred or issued and outstanding as Incremental Equivalent Ratio Component Debt from and after
the first date on which the Borrower or such Restricted Subsidiary, as the case may be, could have Incurred such Indebtedness or issued
such Disqualified Stock or Preferred Stock as Incremental Equivalent Ratio Component Debt (to the extent the Borrower or such Restricted
Subsidiary is able to Incur any Liens related thereto as Permitted Liens after such reclassification));

 

(m)         any
guarantee by the Borrowers or a Restricted Subsidiary of Indebtedness or other obligations of the Borrowers or any of its Restricted Subsidiaries
so long as the Incurrence of such Indebtedness or other obligations by the Borrowers or such Restricted Subsidiary is permitted under
the terms of this Agreement;

 

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(n)          the
Incurrence by the Borrowers or any of its Restricted Subsidiaries of Indebtedness or Disqualified Stock or Preferred Stock of a Restricted
Subsidiary that serves to refund, refinance, replace, redeem, repurchase, retire or defease, and is in an aggregate principal amount (or
if issued with original issue discount an aggregate issue price) that is equal to or less than, Indebtedness Incurred or Disqualified
Stock or Preferred Stock permitted under the first paragraph of this Section 7.01 or clause (c), (d), (l), (n), (o), (r), (t), (cc),
(dd), (gg) or (hh) of this Section 7.01, plus any additional Indebtedness Incurred or Disqualified Stock or Preferred Stock issued
to fund Incremental Amounts Incurred in connection therewith (subject to the following proviso, “Refinancing Indebtedness”);
provided, however, that such Refinancing Indebtedness:

 

(1)          except
with respect to Permitted Earlier Maturity Debt and Extendable Bridge Loans, has a Weighted Average Life to Maturity at the time such
Refinancing Indebtedness is Incurred that is not less than the remaining Weighted Average Life to Maturity of the Indebtedness, Disqualified
Stock or Preferred Stock being refunded, refinanced, replaced, redeemed, repurchased or retired; provided that this clause (1) shall
apply solely with respect to any Indebtedness Incurred pursuant to the first paragraph of Section 7.01;

 

(2)          the
Incurrence of any Refinancing Indebtedness shall not be deemed to refresh or increase capacity with respect to any clause under which
the Indebtedness being refinanced was originally Incurred;

 

(3)          to
the extent that such Refinancing Indebtedness refinances (i) Subordinated Indebtedness, such Refinancing Indebtedness is Subordinated
Indebtedness or (ii) Disqualified Stock or Preferred Stock, such Refinancing Indebtedness is Disqualified Stock or Preferred Stock,
respectively;

 

(4)          shall
not include (x) Indebtedness, Disqualified Stock or Preferred Stock of a Non-Loan Party that refinances Indebtedness, Disqualified
Stock or Preferred Stock of the Borrowers or a Guarantor, or (y) Indebtedness or Disqualified Stock of the Borrowers or Indebtedness,
Disqualified Stock or Preferred Stock of a Restricted Subsidiary that refinances Indebtedness, Disqualified Stock or Preferred Stock of
an Unrestricted Subsidiary; and

 

(5)          with
respect to any Refinancing Indebtedness Incurred by a Loan Party, to the extent that such Refinancing Indebtedness is secured, the Liens
securing such Refinancing Indebtedness have a Lien priority equal to or junior to the Indebtedness being refunded, refinanced, replaced,
redeemed, repurchased or retired;

 

provided
that subclauses (1) and (2) will not apply to any refunding or refinancing of any secured Indebtedness;

 

(o)          (1) Indebtedness,
Disqualified Stock or Preferred Stock of any Person that is acquired by the Borrowers or any of its Restricted Subsidiaries or merged
into or consolidated or amalgamated with the Borrowers or a Restricted Subsidiary in accordance with the terms of this Agreement after
the Third Amendment Effective Date and (2) Indebtedness, Disqualified Stock or Preferred Stock of any Person assumed in anticipation
of, or in connection with, an acquisition of any assets, business or Person; provided that, in the case of each of sub-clauses
(1) and (2), such Indebtedness, Disqualified Stock or Preferred Stock was not Incurred or created in contemplation of such merger,
consolidation, amalgamation or acquisition;

 

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(p)          Indebtedness
arising from the honoring by a bank or other financial institution of a check, draft or similar instrument drawn against insufficient
funds in the ordinary course of business;

 

(q)          Indebtedness
of the Borrowers or any Restricted Subsidiary supported by a letter of credit or bank guarantee issued pursuant to any credit facility
permitted hereunder, so long as such letter of credit has not been terminated and is in a principal amount not in excess of 105% of the
stated amount of such letter of credit or bank guarantee;

 

(r)           Contribution
Indebtedness;

 

(s)          Indebtedness,
Disqualified Stock or Preferred Stock of the Borrowers or any Restricted Subsidiary consisting of (x) the financing of insurance
premiums or (y) take-or-pay obligations contained in supply arrangements, in each case, in the ordinary course of business;

 

(t)           Indebtedness,
Disqualified Stock or Preferred Stock of Non-Loan Parties in an aggregate principal amount not to exceed the greater of (x) $75,000,000
and (y) 35.0% of Consolidated EBITDA of the Borrower Parties, at any one time outstanding, plus, in the case of any refinancing of
any Indebtedness, Disqualified Stock or Preferred Stock permitted under this clause (t) or any portion thereof, the aggregate amount
of Incremental Amounts Incurred in connection with such refinancing, outstanding at any one time;

 

(u)          Indebtedness,
Disqualified Stock or Preferred Stock of a joint venture to the Borrowers or a Restricted Subsidiary and to the other holders of Equity
Interests or participants of such joint venture, so long as the percentage of the aggregate amount of such Indebtedness, Disqualified
Stock or Preferred Stock of such joint venture owed to such holders of its Equity Interests or participants of such joint venture does
not exceed the percentage of the aggregate outstanding amount of the Equity Interests of such joint venture held by such holders or such
participant’s participation in such joint venture;

 

(v)          [reserved];

 

(w)         Indebtedness
owed on a short-term basis to banks and other financial institutions in the ordinary course of business of the Borrowers and the Restricted
Subsidiaries with such banks or financial institutions that arises in connection with ordinary banking arrangements, including cash management,
cash pooling arrangements and related activities to manage cash balances of the Borrowers and its Subsidiaries and joint ventures including
treasury, depository, overdraft, credit, purchasing or debit card, electronic funds transfer and other cash management arrangements and
Indebtedness in respect of netting services, overdraft protection, credit card programs, automatic clearinghouse arrangements and similar
arrangements;

 

(x)          Indebtedness,
Disqualified Stock or Preferred Stock consisting of Indebtedness, Disqualified Stock or Preferred Stock issued by the Borrowers or any
Restricted Subsidiary to future, current or former officers, directors, managers, employees, consultants and independent contractors thereof
or any direct or indirect parent thereof, their respective Immediate Family Members, in each case to finance the purchase or redemption
of Equity Interests of the Borrowers or any direct or indirect parent of the Borrowers to the extent permitted under Section 7.05;

 

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(y)          customer
deposits and advance payments received from customers for goods or services;

 

(z)          Indebtedness
Incurred by the Borrowers or a Restricted Subsidiary in connection with bankers’ acceptances, discounted bills of exchange, warehouse
receipts or similar facilities or the discounting or factoring of receivables for credit management purposes;

 

(aa)        Indebtedness
Incurred pursuant to receivables factoring arrangements;

 

(bb)       (i) guarantees
Incurred in the ordinary course of business in respect of obligations to suppliers, customers, franchisees, lessors, licensees, sub-licensees
and distribution partners and (ii)  Indebtedness Incurred by the Borrowers or a Restricted Subsidiary as a result of leases
entered into by the Borrowers or such Restricted Subsidiary or any Permitted Parent in the ordinary course of business;

 

(cc)        the
Incurrence by the Borrowers or any Restricted Subsidiary of Indebtedness Incurred or Disqualified Stock or Preferred Stock issued on behalf
of, or representing guarantees of Indebtedness Incurred or Disqualified Stock or Preferred Stock issued by, joint ventures; provided
that the aggregate principal amount or liquidation preference, as applicable, of Indebtedness Incurred or guaranteed or Disqualified Stock
or Preferred Stock issued or guaranteed pursuant to this clause (cc) does not at any one time outstanding exceed the greater of (x) $52,000,000
and (y) 25.0% of Consolidated EBITDA of the Borrower Parties, at any one time outstanding, plus, in the case of any refinancing of
any Indebtedness, Disqualified Stock or Preferred Stock permitted under this clause (cc) or any portion thereof, the aggregate amount
of Incremental Amounts Incurred in connection with such refinancing;

 

(dd)       Indebtedness,
Disqualified Stock or Preferred Stock of the Borrowers or a Restricted Subsidiary Incurred to finance or assumed in connection with an
acquisition of any assets (including Capital Stock), business or Person in an aggregate principal amount or liquidation preference that
does not exceed the greater of (x) $125,000,000 and (y) 60.0% of Consolidated EBITDA of the Borrower Parties, at any one time
outstanding, plus, in the case of any refinancing of any Indebtedness, Disqualified Stock or Preferred Stock permitted under this clause
(dd) or any portion thereof, the aggregate amount of Incremental Amounts Incurred in connection with such refinancing;

 

(ee)        Indebtedness,
Disqualified Stock or Preferred Stock consisting of obligations of the Borrowers or any Restricted Subsidiary under deferred compensation
or other similar arrangements Incurred by such Person in connection with any Permitted Investment;

 

(ff)         unfunded
pension fund and other employee benefit plan obligations and liabilities to the extent that they are permitted to remain unfunded under
applicable law;

 

(gg)       Indebtedness
of Non-Loan Parties to provide for working capital needs in an aggregate principal amount not to exceed the greater of (x) $62,000,000
and (y) 30.0% of Consolidated EBITDA of the Borrower Parties, at any one time outstanding, plus, in the case of any refinancing of
any Indebtedness, permitted under this clause (gg) or any portion thereof, the aggregate amount of accrued and unpaid interest, original
issue discount, premiums (including tender premiums), and underwriting discounts, defeasance costs and fees and expenses Incurred in connection
with such refinancing, outstanding at any one time;

 

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(hh)       Indebtedness
arising from Seller Notes; and

 

(ii)          Indebtedness
in an aggregate principal amount equal to the aggregate amount of Restricted Payments that may be made pursuant to Section 7.05.

 

Accrual of interest or dividends,
the accretion of accreted value, the accretion or amortization of original issue discount, the payment of interest or dividends in the
form of additional Indebtedness with the same terms, the payment of dividends on Disqualified Stock or Preferred Stock in the form of
additional shares of Disqualified Stock or Preferred Stock of the same class, the accretion of liquidation preference and increases in
the amount of Indebtedness, Disqualified Stock or Preferred Stock outstanding solely as a result of fluctuations in the exchange rate
of currencies will not be deemed to be an Incurrence of Indebtedness or issuance of Disqualified Stock or Preferred Stock for purposes
of this Section 7.01. Guarantees of, or obligations in respect of letters of credit relating to, Indebtedness that are otherwise
included in the determination of a particular amount of Indebtedness shall not be included in the determination of such amount of Indebtedness;
provided that the Incurrence of the Indebtedness represented by such guarantee or letter of credit, as the case may be, was in
compliance with this Section 7.01.

 

For purposes of determining
compliance with any U.S. dollar-denominated restriction on the Incurrence of Indebtedness or the issuance of Disqualified Stock or Preferred
Stock, the U.S. dollar-equivalent principal amount or liquidation preference, as applicable, of Indebtedness, Disqualified Stock or Preferred
Stock denominated in a foreign currency shall be calculated based on the relevant currency exchange rate in effect on the date such Indebtedness
was Incurred, in the case of term debt, or first committed or first Incurred (whichever yields the lower U.S. dollar-equivalent), in the
case of revolving credit debt or such Disqualified Stock or Preferred Stock was issued; provided that if such Indebtedness, Disqualified
Stock or Preferred Stock is Incurred to refinance other Indebtedness, Disqualified Stock or Preferred Stock denominated in a foreign currency,
and such refinancing would cause the applicable U.S. dollar-denominated restriction to be exceeded if calculated at the relevant currency
exchange rate in effect on the date of such refinancing, such U.S. dollar-denominated restriction shall be deemed not to have been exceeded
so long as the principal amount or liquidation preference, as applicable, of such Refinancing Indebtedness does not exceed the principal
amount or liquidation preference, as applicable, of such Indebtedness, Disqualified Stock or Preferred Stock, as the case may be, being
refinanced (plus Incremental Amounts Incurred in connection therewith).

 

The principal amount or liquidation
preference, as applicable, of any Indebtedness, Disqualified Stock or Preferred Stock, as the case may be, Incurred to refinance
other Indebtedness, Disqualified Stock or Preferred Stock, if Incurred in a different currency from the Indebtedness, Disqualified Stock
or Preferred Stock, as the case may be, being refinanced, shall be calculated based on the currency exchange rate applicable to the currencies
in which such respective Indebtedness, Disqualified Stock or Preferred Stock is denominated that is in effect on the date of such refinancing.

 

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Section 7.02.        Limitations
on Liens. Permit any Borrower or any of the Subsidiary Guarantors to, create, incur, assume or suffer to exist any Lien upon any
property or assets of any kind (real or personal, tangible or intangible) of any Borrower or any Subsidiary Guarantor, whether now owned
or hereafter acquired (each, a “Subject Lien”) that secures obligations under any Indebtedness, except:

 

(a)          in
the case of Subject Liens on any Collateral, such Subject Lien is a Permitted Lien; and

 

(b)          in
the case of any other asset or property, any Subject Lien if (i) the Obligations are equally and ratably secured with (or on a senior
basis to, in the case such Subject Lien secures any Junior Financing) the obligations secured by such Subject Lien or (ii) such
Subject Lien is a Permitted Lien.

 

Any Lien created for the
benefit of the Secured Parties pursuant to the preceding clause (b)(i) shall provide by its terms that such Lien shall be automatically
and unconditionally be released and discharged upon the release and discharge of the Subject Lien that gave rise to the obligation to
so secure the Obligations.

 

Notwithstanding anything
else herein to the contrary, the Liens securing any Indebtedness that is secured by the ABL Priority Collateral shall rank junior to
the Liens on the ABL Priority Collateral securing the Obligations, and shall be subject to the ABL Intercreditor Agreement or a Market
Intercreditor Agreement.

 

Section 7.03.        Fundamental
Changes. Merge, dissolve, liquidate, amalgamate, consolidate 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)          (i) any
Restricted Subsidiary of Holdings may merge, amalgamate, dissolve, liquidate or consolidate with any Borrower (including a merger, the
purpose of which is to reorganize any Borrower into a new jurisdiction in any State of the United States or the District of Columbia);
provided that the applicable Borrower shall be the continuing or surviving Person or the surviving Person shall expressly assume
the obligations of the applicable Borrower pursuant to documents reasonably acceptable to the Administrative Agent and the applicable
Borrower (or, if not a Borrower, the surviving Person) and shall be a corporation or a limited liability company organized under the laws
of the United States, any state thereof or the District of Columbia, (ii) any Restricted Subsidiary (other than a Borrower) may merge,
amalgamate, dissolve, liquidate or consolidate with any one or more other Restricted Subsidiaries; and (iii) Holdings may merge,
amalgamate, dissolve, liquidate or consolidate with any Person (including a merger, the purpose of which is to reorganize Holdings into
a new jurisdiction in any State of the United States or another jurisdiction); provided that Holdings shall be the continuing or
surviving Person or the surviving Person shall expressly assume the obligations of Holdings pursuant to documents reasonably acceptable
to the Administrative Agent and the Borrower Representative;

 

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(b)          Holdings,
any Borrower or any Restricted Subsidiary may (if the validity, perfection and priority of the Liens securing the Obligations is not adversely
affected thereby) change its legal form if the Borrower Representative determines in good faith that such action is in the best interest
of the Borrowers and their Subsidiaries and is not disadvantageous to the Lenders in any material respect (it being understood that in
the case of any dissolution of a Restricted Subsidiary that is a Guarantor, such Subsidiary shall at or before the time of such dissolution
transfer its assets to another Restricted Subsidiary that is a Guarantor in the same jurisdiction or a different jurisdiction reasonably
satisfactory to the Administrative Agent unless such Disposition of assets is permitted hereunder; and in the case of any change in legal
form, a Restricted Subsidiary that is a Guarantor will remain a Guarantor unless such Guarantor is otherwise permitted to cease being
a Guarantor hereunder);

 

(c)          any
Restricted Subsidiary (other than a Borrower) may Dispose of all or substantially all of its assets (upon voluntary liquidation or otherwise)
to another Borrower or to any Restricted Subsidiary; provided that if the transferor in such a transaction is a Guarantor, then
(i) the transferee must either be a Borrower or be or become a Guarantor or (ii) to the extent constituting an Investment, such
Investment must be an Investment not prohibited hereunder; provided further that a Borrower may Dispose of all or substantially
all of its assets (upon voluntary liquidation or otherwise) to any other Loan Pa

 

(d)          any
Restricted Subsidiary (other than a Borrower) may merge, amalgamate or consolidate with, or liquidate or dissolve into, any other Person
in order to effect an Investment; provided that (i) the continuing or surviving Person shall, to the extent required by the
terms hereof, have complied with the requirements of Section 6.12, (ii) to the extent constituting an Investment, such Investment
must be an Investment not prohibited hereunder and (iii) to the extent constituting a Disposition, such Disposition must be permitted
hereunder

 

(e)          the
Borrowers and the other Restricted Subsidiaries may consummate the Transaction and any Transition Arrangements.

 

(f)          any
Restricted Subsidiary (other than a Borrower) may merge, dissolve, liquidate, amalgamate, consolidate with or into another Person in order
to effect a Disposition permitted pursuant to Section 7.04; a

 

(g)          any
Investment may be structured as a merger, consolidation or amalgamation.

 

Section 7.04.        Asset
Sales. Cause or make an Asset Sale of assets or property with a Fair Market Value in excess of the greater of (i) $31,000,000
and (ii) 15.0% of Consolidated EBITDA of the Borrower Parties per transaction (or series of related transactions), unless:

 

(1)          the
Borrowers or any of their Restricted Subsidiaries, as the case may be, receive consideration (including by way of relief from, or by any
other person assuming responsibility for, any liabilities, contingent or otherwise) at the time of such Asset Sale at least equal to the
Fair Market Value (as determined at the time of contractually agreeing to such Asset Sale) of the assets sold or otherwise disposed of;
and

 

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(2)          except
in the case of a Permitted Asset Swap, at least 75% of the consideration received by the Borrowers or such Restricted Subsidiary, as the
case may be, determined cumulatively for all Asset Sales pursuant to this Section 7.04 since the Third Amendment Effective Date,
is in the form of cash or Cash Equivalents or Replacement Assets; provided, that the amount of:

 

(a)          any
liabilities of the Borrowers or such Restricted Subsidiary other than liabilities that are by their terms subordinated to the Obligations
or are otherwise extinguished in connection with the transactions relating to such Asset Sale, that are assumed by the transferee of any
such assets or Equity Interests or that are otherwise extinguished in connection with the transactions relating to such Asset Sale;

 

(b)          any
notes or other obligations or other securities or assets received by a Borrower or such Restricted Subsidiary from such transferee that
are converted by a Borrower or such Restricted Subsidiary into cash or Cash Equivalents, or by their terms are required to be satisfied
for cash or Cash Equivalents (to the extent of the cash or Cash Equivalents received) within 180 days of the receipt thereof; and

 

(c)          any
Designated Non-Cash Consideration received by Holdings, a Borrower or any of their Restricted Subsidiaries in such Asset Sale having an
aggregate Fair Market Value, taken together with all other Designated Non-Cash Consideration received pursuant to this clause (c) that
is at that time outstanding, not to exceed the greater of (x) $52,000,000 and (y) 25.0% of Consolidated EBITDA of the Borrower
Parties, calculated at the time of the receipt of such Designated Non-Cash Consideration (with the Fair Market Value of each item of Designated
Non-Cash Consideration being measured at the time received and without giving effect to subsequent changes in value);

 

shall each be deemed to be Cash Equivalents for
the purposes of this clause (2) (the “General Asset Sale Basket”).

 

(3)          with
respect to any Asset Sale (or series of related Asset Sales) of ABL Priority Collateral having a Fair Market Value in excess of $10,000,000,
the Borrower Representative shall deliver to the Administrative Agent an updated Borrowing Base Certificate demonstrating the Borrowing
Base after giving effect to such Asset Sale.

 

To the extent any Collateral
is sold, disposed of or distributed or to be sold, disposed of or distributed as part of or in connection with any transaction permitted
under this Section 7.04, in each case to a Person that is not a Loan Party, such Collateral shall be sold, disposed of or distributed
free and clear of any Liens created by the Loan Documents, and the Collateral Agent shall (and shall be authorized to) take any action
deemed appropriate to effect or evidence the foregoing.

 

Notwithstanding the foregoing,
neither the Borrowers nor any of their Restricted Subsidiaries may transfer legal title to, or license on an exclusive basis, any intellectual
property or customer contracts owned by the Borrowers or any Restricted Subsidiary that is, in the good faith determination of the Borrower
Representative, material to the operation of the business of the Borrowers and their Restricted Subsidiaries, taken as a whole (“Material
Intellectual Property or Contracts”) to any Unrestricted Subsidiary.

 

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Section 7.05.        Restricted
Payments. Directly or indirectly:

 

(1)          declare
or pay any dividend or make any payment or distribution on account of the Borrowers’ or any of their Restricted Subsidiaries’
Equity Interests, including any payment made in connection with any merger, amalgamation or consolidation involving the Borrowers (other
than dividends or distributions by a Restricted Subsidiary so long as, in the case of any dividend or distribution payable on or in respect
of any class or series of securities issued by a Restricted Subsidiary other than a Wholly Owned Restricted Subsidiary, a Borrower or
a Restricted Subsidiary receives at least its pro rata share of such dividend or distribution in accordance with its Equity Interests
in such class or series of securities);

 

(2)          purchase,
redeem, defease or otherwise acquire or retire for value any Equity Interests of the Borrowers or any direct or indirect parent of the
Borrowers, including in connection with any merger, amalgamation or consolidation;

 

(3)          make
any principal payment on, or redeem, repurchase, defease or otherwise acquire or retire for value, in each case, prior to any scheduled
repayment, sinking fund payment or maturity, any Subordinated Indebtedness of the Borrowers or any Guarantor in an aggregate principal
amount in excess of the Threshold Amount (other than the payment, redemption, repurchase, defeasance, acquisition or retirement of Subordinated
Indebtedness of the Borrowers or any Guarantor (“Junior Financing”) in anticipation of satisfying a sinking fund obligation,
principal installment or final maturity, in each case due within one year of the date of such payment, redemption, repurchase, defeasance,
acquisition or retirement); or

 

(4)          make
any Restricted Investment;

 

(all such payments and other actions set forth
in clauses (1) through (4) above being collectively referred to as “Restricted Payments”), unless, at the
time of such Restricted Payment:

 

(a)          in
the case of any Restricted Payment described in clause (1) or (2) above, no Specified Event of Default shall have occurred and
be continuing;

 

(b)          [reserved];
and

 

(c)          such
Restricted Payment, together with the aggregate amount of all other Restricted Payments made by the Borrowers and their Restricted Subsidiaries
after the Third Amendment Effective Date (including Restricted Payments permitted by clause (1) of the next succeeding paragraph,
but excluding all other Restricted Payments permitted by the next succeeding paragraph), is less than the sum of, without duplication,

 

(i)          [reserved],
plus

 

(ii)         100%
of the aggregate net proceeds, including cash and the Fair Market Value of assets (other than cash), received by the Borrowers after the
Third Amendment Effective Date from the public or private issuance or sale of Equity Interests of Vertex or any direct or indirect parent
thereof (to the extent contributed to the Borrowers) (other than Excluded Equity), including such Equity Interests issued upon exercise
of warrants or options, plus

 

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(iii)        100%
of the aggregate amount of contributions to the capital of the Borrowers received in cash and the Fair Market Value of other assets or
property after the Third Amendment Effective Date (other than Excluded Equity), plus

 

(iv)        the
principal amount of any Indebtedness, or the liquidation preference or maximum fixed repurchase price, as the case may be, of any Disqualified
Stock, in each case, of the Borrowers or any Restricted Subsidiary thereof issued after the Third Amendment Effective Date (other than
Indebtedness or Disqualified Stock issued to a Restricted Subsidiary or an employee stock ownership plan or trust established by the Borrowers
or any Restricted Subsidiary (other than to the extent such employee stock ownership plan or trust has been funded by the Borrowers or
any Restricted Subsidiary)) that, in each case, has been converted into or exchanged for Equity Interests in Vertex or any direct or indirect
parent of Vertex (other than Excluded Equity), plus

 

(v)        100%
of the aggregate amount received by the Borrowers or any Restricted Subsidiary in cash and the Fair Market Value of assets (other than
cash) received by the Borrowers or any Restricted Subsidiary from:

 

(A)         the
sale or other disposition (other than to the Borrowers or a Restricted Subsidiary) of Restricted Investments made by the Borrowers and
their Restricted Subsidiaries and from repurchases and redemptions of such Restricted Investments from the Borrowers and their Restricted
Subsidiaries by any Person (other than the Borrowers or any of their Restricted Subsidiaries),

 

(B)          repayments
of loans or advances that constituted Restricted Investments made after the Third Amendment Effective Date,

 

(C)          the
sale (other than to the Borrowers or a Restricted Subsidiary or an employee stock ownership plan or trust established by the Borrowers
or any Restricted Subsidiary (other than to the extent such employee stock ownership plan or trust has been funded by the Borrowers or
any Restricted Subsidiary)) of the Equity Interests of an Unrestricted Subsidiary,

 

(D)          any
distribution or dividend from an Unrestricted Subsidiary, or

 

(E)          other
returns, profits, distributions and similar amounts received on account of any Restricted Investment made using availability under this
clause (c), plus

 

(vi)        in
the event any Unrestricted Subsidiary has been redesignated as a Restricted Subsidiary or has been merged, consolidated or amalgamated
with or into, or transfers or conveys its assets to, or is liquidated into, a Borrower or a Restricted Subsidiary, in each case after
the Third Amendment Effective Date, the Fair Market Value of the Investment of the Borrowers in such Unrestricted Subsidiary at the time
of such redesignation, combination or transfer (or of the assets transferred or conveyed, as applicable), plus

 

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(vii)         in
the event any joint venture or minority Investment has become a Restricted Subsidiary or has been merged, consolidated or amalgamated
with or into, or transfers or conveys its assets to, or is liquidated into, a Borrower or a Restricted Subsidiary, in each case after
the Third Amendment Effective Date, the Fair Market Value of the Investment of the Borrowers in such joint venture or minority Investment
at the time such Person becomes a Restricted Subsidiary or the time of such merger, consolidation, amalgamation, transfer or conveyance,
plus

 

(viii)        [reserved],
plus

 

(ix)           the
greater of (A) $103,000,000 and (B) 50.0% of Consolidated EBITDA of the Borrower Parties.

 

This Section 7.05 will
not prohibit:

 

(1)          the
payment of any dividend or distribution or consummation of any redemption within 60 days after the date of declaration thereof or the
giving of a redemption notice related thereto, if at the date of declaration or notice such payment would have complied with the provisions
of this Agreement;

 

(2)          (a)            the
redemption, repurchase, retirement or other acquisition of any Equity Interests (“Retired Capital Stock”) of the Borrowers
or any direct or indirect parent of the Borrowers, or Junior Financing of the Borrowers or any Subsidiary Guarantor, in exchange for,
or out of the proceeds of the issuance or sale of, Equity Interests of the Borrowers or any direct or indirect parent of the Borrowers
or contributions to the equity capital of the Borrowers (other than Excluded Equity) (collectively, including any such contributions,
 “Refunding Capital Stock”);

 

(b)          the
declaration and payment of accrued dividends on the Retired Capital Stock out of the proceeds of the issuance or sale (other than to a
Restricted Subsidiary of the Borrowers or to an employee stock ownership plan or any trust established by the Borrowers or any of their
Restricted Subsidiaries) of Refunding Capital Stock; and

 

(c)           if
immediately prior to the retirement of the Retired Capital Stock, the declaration and payment of dividends thereon was permitted under
clause (7) of this paragraph of Section 7.05 and has not been made as of such time (the “Unpaid Amount”),
the declaration and payment of dividends on the Refunding Capital Stock (other than Refunding Capital Stock the proceeds of which were
used to redeem, repurchase, retire or otherwise acquire any Equity Interests of the Borrowers or any direct or indirect parent of the
Borrowers in accordance with sub-clause (a) above) in an aggregate amount no greater than the Unpaid Amount (with the payment of
such Unpaid Amount being treated as a payment under the applicable provision);

 

(3)          the
prepayment, redemption, defeasance, repurchase or other acquisition or retirement of Junior Financing of the Borrowers or any Subsidiary
Guarantor made by exchange for, or out of the proceeds of the Incurrence of, Refinancing Indebtedness thereof;

 

(4)          [reserved];

 

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(5)           the
purchase, retirement, redemption or other acquisition (or Restricted Payments to the Borrowers or any direct or indirect parent of the
Borrowers to finance any such purchase, retirement, redemption or other acquisition) for value of Equity Interests (including related
stock appreciation rights or similar securities) of the Borrowers or any direct or indirect parent of the Borrowers held directly or
indirectly by any future, present or former employee, officer, director, manager, consultant or independent contractor of the Borrowers
or any direct or indirect parent of the Borrowers or any Subsidiary of the Borrowers or their Immediate Family Members (including for
all purposes of this clause (5), Equity Interests held by any entity whose Equity Interests are held by any such future, present or former
employee, officer, director, manager, consultant or independent contractor or their Immediate Family Members); provided, however,
that the aggregate amounts paid under this clause (5) shall not exceed (with unused amounts in any fiscal year being permitted to
be carried over to succeeding fiscal years or carried back to any immediately preceding fiscal year) (A) in any fiscal year, the
greater of (x) $16,000,000 and (y) 8.0% of Consolidated EBITDA of the Borrower Parties or (B) subsequent to the consummation
of a Qualified IPO, in any fiscal year, the greater of (x) $25,000,000 and (y) 12.0% of Consolidated EBITDA of the Borrower
Parties; provided further, however, that such amount in any fiscal year may be increased by an amount not to exceed:

 

(a)           the
cash proceeds received by the Borrowers from the issuance or sale of Equity Interests (other than Disqualified Stock) of the Borrowers
or any direct or indirect parent of the Borrowers (to the extent contributed to the Borrowers), in each case, to any future, present
or former employees, officers, directors, managers, consultants or independent contractors of the Borrowers or their Restricted Subsidiaries
or any direct or indirect parent of the Borrowers that occurs after the Third Amendment Effective Date; provided that the amount
of such cash proceeds utilized for any such repurchase, retirement, other acquisition or dividend will not increase the amount available
for Restricted Payments under the immediately preceding paragraph; plus

 

(b)           the
cash proceeds of key man life insurance policies received by the Borrowers or their Restricted Subsidiaries or any direct or indirect
parent of the Borrowers (to the extent contributed to the Borrowers) after the Third Amendment Effective Date; plus

 

(c)           the
amount of any cash bonuses otherwise payable to employees, officers, directors, managers, consultants or independent contractors of the
Borrowers or its Restricted Subsidiaries or any direct or indirect parent of the Borrowers that are foregone in return for the receipt
of Equity Interests; less

 

(d)           the
amount of cash proceeds described in clause (a), (b) or (c) of this clause (5) previously used to make Restricted Payments
pursuant to this clause (5); (provided that the Borrowers may elect to apply all or any portion of the aggregate increase contemplated
by clauses (a), (b) and (c) above in any fiscal year);

 

provided,
further, cancellation of Indebtedness owing to the Borrowers or any Restricted Subsidiary from any future, current or former officer,
director, employee, manager, consultant or independent contractor (or any permitted transferees thereof) of the Borrowers or any of their
Restricted Subsidiaries or any direct or indirect parent of the Borrowers, in connection with a repurchase of Equity Interests of the
Borrowers or any direct or indirect parent of the Borrowers from such Persons will not be deemed to constitute a Restricted Payment for
purposes of this Section 7.05 or any other provisions of this Agreement;

 

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(6)           the
declaration and payment of dividends or distributions to holders of any class or series of Disqualified Stock of the Borrowers or any
of their Restricted Subsidiaries and any class or series of Preferred Stock of any Restricted Subsidiaries issued or Incurred in accordance
with the covenant described in Section 7.01;

 

(7)           the
declaration and payment of dividends or distributions to holders of any class or series of Designated Preferred Stock (other than Disqualified
Stock) and the declaration and payment of dividends to the Borrowers or any direct or indirect parent of the Borrowers, the proceeds
of which will be used to fund the payment of dividends to holders of any class or series of Designated Preferred Stock (other than Disqualified
Stock) of the Borrowers or any direct or indirect parent of the Borrowers issued after the Third Amendment Effective Date; provided,
however, that (A) on the date of issuance of such Designated Preferred Stock, the Consolidated Interest Coverage Ratio of
the Borrower Parties is not less than 2.00 to 1.00 and (B) the aggregate amount of dividends declared and paid pursuant to this
clause (7) does not exceed the net cash proceeds actually received by the Borrowers from the sale (or the contribution of the net
cash proceeds from the sale) of Designated Preferred Stock;

 

(8)           Restricted
Payments in connection with Permitted Reorganizations or a Permitted IPO Reorganization;

 

(9)           following
the consummation of a Qualified IPO, Restricted Payments in an annual amount for each fiscal year of the Borrowers equal to the sum of
(A) an amount equal to 7.00% of the net proceeds received by or contributed to the Borrowers from any such Qualified IPO (and any
subsequent public offerings) and (B) an amount equal to 7.00% of the Market Capitalization of the Borrowers and/or any Parent Holding
Company;

 

(10)         Restricted
Payments that are made with Excluded Contributions;

 

(11)         Restricted
Payments in an aggregate amount taken together with all other Restricted Payments made pursuant to this clause (11) not to exceed the
greater of (x) $103,000,000 and (y) 50.0% of Consolidated EBITDA of the Borrower Parties;

 

(12)         Restricted
Payments that are made in connection with (x) the consummation of the Transactions or to satisfy any payment obligations owing under
the Purchase Agreement (including payment of indemnities, earn-outs, working capital adjustments, purchase price adjustments and Transaction
Costs and payments in respect of appraisal rights) or (y) any Transition Arrangements;

 

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(13)          for
any taxable year ending after the Third Amendment Effective Date for which (i) the Borrowers or any of its Subsidiaries are members
of a group filing a consolidated, combined, affiliated or unitary income tax return for U.S. federal, state and/or local income tax purposes
with a direct or indirect parent of the Borrowers or (ii) the Borrowers or any of its Subsidiaries are, for U.S. federal income
tax purposes, an entity that is disregarded from a corporate parent for such taxable year, Restricted Payments, directly or indirectly,
to a direct or indirect parent of the Borrowers in amounts required for such parent entity or its direct or indirect owners to pay such
federal, state and/or local income (and franchise or other similar Taxes imposed lieu of income) Taxes, as applicable, imposed on such
group or such direct or corporate parent, to the extent such Taxes are directly attributable to the income of the Borrowers and their
applicable Subsidiaries, as applicable; provided, however, that the amount of such payments in respect of any tax year
does not, in the aggregate, exceed the amount that the Borrowers and their Subsidiaries (if such Subsidiaries are members of such consolidated,
combined, affiliated or unitary group) would have been required to pay in respect of such Taxes (as the case may be) in respect of such
year if the Borrowers and their Subsidiaries, as applicable, paid such Taxes directly on a stand-alone corporation or as a stand-alone
consolidated, combined, affiliated or unitary corporate tax group for all relevant tax years (reduced by any such Taxes paid directly
by the Borrowers or any Subsidiary); provided further that the cash distributions made pursuant to this paragraph (13) in respect
of any Taxes attributable to the income of any Unrestricted Subsidiaries of the Borrowers may be made only to the extent that such Unrestricted
Subsidiaries have made cash payments for such purpose to the Borrowers or any of its Restricted Subsidiaries;

 

(14)         the
declaration and payment of dividends, other distributions or other amounts to, or the making of loans to any direct or indirect parent
of the Borrowers, in the amount required for such entity to, if applicable:

 

(a)           pay
amounts equal to the amounts required for any direct or indirect parent of the Borrowers to pay fees and expenses, customary salary,
bonus and other benefits payable to, and indemnities provided on behalf of, officers, employees, directors, managers, consultants or
independent contractors of any direct or indirect parent of the Borrowers, if applicable, and general corporate operating (including,
without limitation, expenses related to auditing and other accounting matters) and overhead costs and expenses of the Borrowers or any
direct or indirect parent of the Borrowers, if applicable, in each case to the extent such fees, expenses, salaries, bonuses, benefits
and indemnities are attributable to the ownership or operation of the Borrowers and their Subsidiaries;

 

(b)           pay,
if applicable, amounts equal to amounts required for any direct or indirect parent of the Borrowers to pay interest and/or principal
on Indebtedness the proceeds of which have been contributed to the Borrowers (other than as Excluded Equity) and that has been guaranteed
by, and is otherwise considered Indebtedness of, the Borrowers or any Restricted Subsidiary Incurred in accordance with Section 7.01
(except to the extent any such payments have otherwise been made by any such guarantor);

 

(c)           pay
fees and expenses incurred by any direct or indirect parent of the Borrowers related to (i) the maintenance of such parent entity
of its corporate or other entity existence, (ii) any equity or debt offering of such parent entity (whether or not consummated)
and (iii) any equity or debt issuance, incurrence or offering, any disposition or acquisition or any investment transaction by the
Borrowers or any of their Restricted Subsidiaries (or any acquisition of or investment in any business, assets or property that will
be contributed to the Borrowers or any of their Restricted Subsidiaries as part of the same or a related transaction) permitted by this
Agreement (whether or not consummated);

 

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(d)           make
payments (i) pursuant to or contemplated by the Management Agreement or (ii) for any other monitoring, consulting, management,
transaction, advisory, financing, underwriting or placement services or in respect of other investment banking activities, termination
or similar fees, indemnities, reimbursements and reasonable and documented out-of-pocket fees and expenses including, without limitation,
in connection with acquisitions or divestitures, including in connection with the consummation of the Transactions;

 

(e)           without
duplication of paragraph (13), pay franchise, excise and similar Taxes, and other fees and expenses, required to maintain their organizational
existences;

 

(f)           make
payments for the benefit of the Borrowers or any of their Restricted Subsidiaries to the extent such payments could have been made by
the Borrowers or any of their Restricted Subsidiaries because such payments (x) would not otherwise be Restricted Payments and (y) would
be permitted by Section 6.18; and

 

(g)           make
Restricted Payments to any direct or indirect parent of the Borrowers to finance, or to any direct or indirect parent of the Borrowers
for the purpose of paying to any other direct or indirect parent of the Borrowers to finance, any Investment that, if consummated by
the Borrowers or any of their Restricted Subsidiaries, would be a Permitted Investment; provided that (a) such Restricted
Payment is made substantially concurrently with the closing of such Investment and (b) promptly following the closing thereof, such
direct or indirect parent of the Borrowers causes (i) all property acquired (whether assets or Equity Interests) to be contributed
to the Borrowers or any Restricted Subsidiary or (ii) the merger, consolidation or amalgamation (to the extent permitted by Section 7.03)
of the Person formed or acquired into the Borrowers or any Restricted Subsidiary in order to consummate such acquisition or Investment,
in each case, in accordance with the requirements of Section 6.12;

 

(15)         (i) 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, (ii) payments made or expected to be made by the Borrowers or any Restricted Subsidiary in respect
of withholding or similar Taxes payable or expected to be payable by any future, present or former director, officer, employee, manager,
consultant or independent contractor of the Borrowers or any direct or indirect parent of the Borrowers or any Subsidiary of the Borrowers
(or their respective Affiliates, estates or immediate family members) in connection with such repurchases of Equity Interests and (iii) loans
or advances to officers, directors, employees, managers, consultants and independent contractors of the Borrowers or any direct or indirect
parent of the Borrowers or any Subsidiary of the Borrowers in connection with such Person’s purchase of Equity Interests of the
Borrowers or any direct or indirect parent of the Borrowers; provided that no cash is actually advanced pursuant to this clause
(iii), unless immediately repaid;

 

(16)         [reserved];

 

(17)         payments
or distributions to satisfy dissenters’ rights, pursuant to or in connection with a consolidation, merger, amalgamation or transfer
of assets that complies with the provisions of this Agreement;

 

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(18)         the
distribution, as a dividend or otherwise, of shares of Capital Stock of, or Indebtedness owed to the Borrowers or a Restricted Subsidiary
by, Unrestricted Subsidiaries (other than the equity of Unrestricted Subsidiaries the primary assets of which are cash and/or Cash Equivalents
(except to the extent that such cash and Cash Equivalents constitute the proceeds of any sale of the assets or equity of any Unrestricted
Subsidiary));

 

(19)         the
payment of cash in lieu of the issuance of fractional shares of Equity Interests in connection with any merger, consolidation, amalgamation
or other business combination, or in connection with any dividend, distribution or split of or upon exercise, conversion or exchange
of Equity Interests, warrants, options or other securities exercisable or convertible into, Equity Interests of the Borrowers or any
direct or indirect parent of the Borrowers;

 

(20)         Investments
in Unrestricted Subsidiaries in an aggregate amount, taken together with all other Investments made pursuant to this clause (20) that
are at the time outstanding, not to exceed the greater of (A) $75,000,000 and (B) 35.0% of Consolidated EBITDA of the Borrower
Parties; provided that if such Investment results in the Disposition of ABL Priority Collateral having a Fair Market Value in
excess of $10,000,000 to an Unrestricted Subsidiary, the Borrower Representative shall deliver to the Administrative Agent an updated
Borrowing Base Certificate demonstrating the pro forma Borrowing Base after giving effect to such Investment;

 

(21)         any
Restricted Payment so long as immediately after giving effect to the making of such Restricted Payment on a Pro Forma Basis, the Payment
Conditions are satisfied; and

 

(22)         any
payment in the minimum amount necessary to prevent any Junior Financing from being treated as an “applicable high yield discount
obligation” within the meaning of Section 163(i)(1) of the Code; and

 

(23)         any
Restricted Payment described in clause (3) or (4) of the definition thereof in an amount not to exceed the greater of (x) $103,000,000
or (y) 50.0% of Consolidated EBITDA of the Borrower Parties at any one time outstanding;

 

provided
that the amount of Restricted Payment capacity under any basket set forth above shall be reduced by the amount thereof that
was allocated to incur Permitted Debt pursuant to clause (ii) thereof.

 

Notwithstanding the foregoing, neither the Borrowers
nor any of their Restricted Subsidiaries may transfer legal title to, or license on an exclusive basis, any Material Intellectual Property
or Contracts to any Unrestricted Subsidiary.

 

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Section 7.06.         Burdensome
Agreements. Permit any of its Restricted Subsidiaries to, directly or indirectly, create or otherwise cause or suffer to exist or
become effective any consensual encumbrance or consensual restriction on the ability of any Restricted Subsidiary to create, Incur
or assume Liens on the Collateral of such Person for the benefit of the Lenders with respect to the Facilities and the Obligations or
under the Loan Documents other than encumbrances or restrictions existing under or by reason of:

 

(1)           contractual
encumbrances or restrictions of the Borrowers or any of their Restricted Subsidiaries in effect on the Third Amendment Effective Date,
including pursuant to this Agreement and the other Loan Documents, the First Lien Loan Documents, the Second Lien Loan Documents, related
Swap Contracts and Indebtedness permitted pursuant to Section 7.01(c);

 

(2)           applicable
law or any applicable rule, regulation or order;

 

(3)           any
agreement or other instrument of a Person acquired by or merged, amalgamated or consolidated with or into the Borrowers or any Restricted
Subsidiary or an Unrestricted Subsidiary that is designated a Restricted Subsidiary that was in existence at the time of such acquisition
(or at the time it merges with or into the Borrowers or any Restricted Subsidiary or assumed in connection with the acquisition of assets
from such Person (but, in each case, not created in contemplation thereof)), which encumbrance or restriction is not applicable to any
Person, or the properties or assets of any Person, other than the Person, or the property or assets of the Person, so acquired or designated;
provided that in connection with a merger, amalgamation or consolidation under this clause (3), if a Person other than a Borrower
or such Restricted Subsidiary is the successor company with respect to such merger, amalgamation or consolidation, any agreement or instrument
of such Person or any Subsidiary of such Person, shall be deemed acquired or assumed, as the case may be, by the Borrowers or such Restricted
Subsidiary, as the case may be, at the time of such merger, amalgamation or consolidation;

 

(4)           customary
encumbrances or restrictions contained in contracts or agreements for the sale of assets applicable to such assets pending consummation
of such sale, including customary restrictions with respect to a Restricted Subsidiary imposed pursuant to an agreement entered into
for the sale or disposition of Capital Stock or assets of such Restricted Subsidiary;

 

(5)           restrictions
on cash or other deposits or net worth imposed by customers under contracts entered into in the ordinary course of business;

 

(6)           customary
provisions in operating or other similar agreements, asset sale agreements and stock sale agreements entered into in connection with
the entering into of such transaction, which limitation is applicable only to the assets that are the subject of those agreements;

 

(7)           purchase
money obligations for property acquired and Capitalized Lease Obligations, to the extent such obligations impose restrictions of the
nature described in the first paragraph of this Section 7.06 on the property so acquired;

 

(8)           customary
provisions contained in leases, sub-leases, licenses, sublicenses, contracts and other similar agreements entered into in the ordinary
course of business to the extent such obligations impose restrictions of the type described in the first paragraph of this Section 7.06
on the property subject to such lease;

 

(9)           [reserved];

 

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(10)         any
encumbrance or restriction contained in other Indebtedness, Disqualified Stock or Preferred Stock of the Borrowers or any Restricted
Subsidiary that is incurred subsequent to the Third Amendment Effective Date pursuant to Section 7.01; provided that (i) such
encumbrances and restrictions contained in any agreement or instrument will not materially affect the Borrowers’ ability to make
anticipated principal or interest payments under this Agreement (as determined by the Borrower Representative in good faith) or (ii) such
encumbrances and restrictions contained in any agreement or instrument taken as a whole are not materially less favorable to the Lenders
than the encumbrances and restrictions contained in this Agreement (as determined by the Borrower Representative in good faith);

 

(11)         any
encumbrance or restriction contained in secured Indebtedness otherwise permitted to be incurred pursuant to Sections 7.01 and 7.02 to
the extent limiting the right of the debtor to dispose of the assets securing such Indebtedness;

 

(12)         any
encumbrance or restriction arising or agreed to in the ordinary course of business, not relating to any Indebtedness, and that do not,
individually or in the aggregate, (x) detract from the value of the property or assets of the Borrowers or any Restricted Subsidiary
in any manner material to the Borrowers or any Restricted Subsidiary or (y) materially affect the Borrowers’ ability to make
future principal or interest payments under this Agreement, in each case, as determined by the Borrower Representative in good faith;

 

(13)         customary
provisions in joint venture agreements or arrangements and other similar agreements or arrangements relating solely to the applicable
joint venture; and

 

(14)         any
encumbrances or restrictions imposed by any amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements
or refinancings of the contracts, instruments or obligations referred to in clauses (1) through (13); provided that such
encumbrances and restrictions contained in any such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement
or refinancing are, in the good faith judgment of the Borrower Representative, not materially more restrictive, taken as a whole, than
the encumbrances and restrictions prior to such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement
or refinancing.

 

For purposes of determining
compliance with this Section 7.06, (i) the priority of any Preferred Stock in receiving dividends or liquidating distributions
prior to dividends or liquidating distributions being paid on common stock shall not be deemed a restriction on the ability to make distributions
on Capital Stock and (ii) the subordination of loans or advances made to the Borrowers or a Restricted Subsidiary to other Indebtedness
Incurred by the Borrowers or any such Restricted Subsidiary shall not be deemed a restriction on the ability to make loans or advances.

 

It is understood that the
transfer or assignment to any direct or indirect parent company of the Borrower of any insurance policy obtained in connection with a
direct or indirect acquisition or investment by such parent company consummated prior to the Third Amendment Effective Date shall not
be deemed to constitute a Restricted Payment hereunder and shall be deemed to be permitted under Section 6.18.

 

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Section 7.07.         [Reserved].

 

Section 7.08.         Financial
Covenant. At any time when Excess Availability is less than the greater of (i) 10.0% of the Loan Cap and (ii) $10,000,000
(such greater amount, the “ABL Covenant Trigger”) and until Excess Availability is greater than or equal to the ABL
Covenant Trigger for 20 consecutive calendar days (such period, a “Compliance Period”), the Borrowers shall not permit
the Fixed Charge Coverage Ratio as of the last day of any fiscal quarter to be less than 1.00 to 1.00, calculated for the Test Period
most recently then ended and tested (i) immediately upon trigger based on the most recently completed Test Period and (ii) on
the last day of each subsequently completed Test Period ending during a Compliance Period for which financial statements have been provided
(or were required to be provided) (the “Financial Covenant”).

 

Section 7.09.         Holding
Company. Holdings shall not conduct, transact or otherwise engage in any material business or operations; provided, that the
following shall be permitted in any event: (i) its ownership of the Capital Stock of any Subsidiary and activities incidental thereto;
(ii) the entry into, and the performance of its obligations with respect to the Loan Documents (including any Revolving Credit Commitment
Increase), the First Lien Loan Documents (including any Refinancing Notes, any New Incremental Notes, any Incremental Equivalent Debt
any Permitted Debt Exchange Notes (each as defined in and as permitted by, the First Lien Loan Documents and any Permitted Refinancing
thereof)), the Second Lien Loan Documents, any Junior Financing Document, any Incremental Equivalent Debt documentation, any documentation
relating to any Permitted Refinancing of the foregoing or documentation relating to the Indebtedness otherwise permitted by this Section 7.09
and the Guarantees permitted by clause (v) below; (iii) activities relating to any Permitted Reorganization, a Qualified IPO
or a Permitted IPO Reorganization; (iv) the performing of activities (including, without limitation, cash management activities)
and the entry into documentation with respect thereto, in each case, permitted by this Agreement for Holdings to enter into and perform;
(v) the issuance of its own Equity Interests, the payment of dividends and distributions (and other activities in lieu thereof permitted
by this Agreement), the making of contributions to the capital of its Subsidiaries and Guarantees of Indebtedness permitted to be Incurred
hereunder by a Borrower or any of the Restricted Subsidiaries and the Guarantees of other obligations not constituting Indebtedness;
(vi) the maintenance of its legal existence (including the ability to incur fees, costs and expenses relating to such maintenance
and performance of activities relating to its officers, directors, managers and employees and those of its Subsidiaries); (vii) the
entry into the Purchase Agreement and the other agreements contemplated thereby and the performing of its obligations with respect thereto
and of its obligations with respect to the Transactions and any Transition Arrangements; (viii) incurring Indebtedness permitted
under Section 7.01, including any refinancing thereof; (ix) the performing of activities in preparation for and consummating
any public offering of its common stock or any other issuance or sale of its Capital Stock (other than Disqualified Stock) including
converting into another type of legal entity; (x) the participation in tax, accounting and other administrative matters as a member
of the consolidated group of Holdings and its Subsidiaries, including compliance with applicable Laws and legal, tax and accounting matters
related thereto and activities relating to its officers, directors, managers and employees; (xi) the holding of any cash and Cash
Equivalents or property (but not operating any property); (xii) the entry into and performance of its obligations with respect to
contracts and other arrangements, including the providing of indemnification to officers, managers, directors and employees; (xiii) repurchases
of Indebtedness through open market purchases and Dutch auctions; (xiv) merging, amalgamating or consolidating with or into any
Person in compliance with Section 7.03 and disposing of any Capital Stock; (xv) consummating the Transactions and (xvi) any
activities incidental to the foregoing. Holdings shall not Incur any Indebtedness (other than in respect of Disqualified Stock, Qualified
Holding Company Indebtedness or Guarantees permitted above and liabilities imposed by Law, including Tax liabilities).

 

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Article VIII

Events of Default and Remedies

 

Section 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 due and as required to be paid herein, any amount of principal of any
Loan, or (ii) within five (5) Business Days after the same becomes due and payable, any interest on any Loan or on any L/C
Obligation, or any fee due hereunder, or any other amount payable hereunder or with respect to any other Loan Document (if such amounts
under this Section 8.01(a)(ii) are not charged to the Loan Account prior to the end of the cure period); or

 

(b)           Specific
Covenants. Any Borrower or any other Loan Party fails to perform or observe any term, covenant or agreement contained in any of Sections
6.03(a), 6.05(a) (solely with respect to the Borrowers), 6.11, 6.20 (subject to a five (5) Business Day grace period (except
during a Cash Dominion Period)) or in any Section of Article VII (subject to, in the case of the Financial Covenant, the cure
rights contained in Section 8.03), or Holdings fails to perform or observe any term, covenant or agreement contained in Section 7.09
or a Borrower fails to deliver a Borrowing Base Certificate required to be delivered pursuant to Section 6.02(h) within five
(5) Business Days of the date such Borrowing Base Certificate is required to be delivered (except, during a Cash Dominion Period,
within three (3) Business Days);

 

(c)           Other
Defaults. Any Loan Party fails to perform or observe any covenant or agreement (other than those specified in Section 8.01(a) or
(b) above) contained in any Loan Document on its part to be performed or observed and such failure continues for 30 days after notice
thereof by the Administrative Agent to any Borrower; or

 

(d)           Representations
and Warranties. Any representation, warranty, certification or statement of fact made or deemed made by or on behalf of any Borrower
or any other Loan Party herein, in any other Loan Document, or in any document required to be delivered in connection herewith or therewith
shall be incorrect or misleading in any material respect (or in any respect if any such representation or warranty is already qualified
by materiality) when made or deemed made (provided that the failure of any representation or warranty to be true and correct on
the Closing Date will not constitute a Default or Event of Default except to the extent such representation or warranty constitutes a
Specified Representation or a Purchase Agreement Representation); or

 

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(e)           Cross-Default.
Any Loan Party or any Restricted Subsidiary (A) fails to make any payment beyond the applicable grace period with respect thereto,
if any (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Indebtedness (other
than Indebtedness hereunder and intercompany Indebtedness) having an aggregate outstanding principal amount equal to or greater than
the Threshold Amount or (B) fails to observe or perform any other agreement or condition relating to any Indebtedness (other than
Indebtedness hereunder and intercompany Indebtedness) having an aggregate outstanding principal amount equal to or greater than the Threshold
Amount, 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 a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) after the expiration of any
applicable grace or cure period therefor to cause, with the giving of notice if required, such Indebtedness 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, in each case, prior to its stated maturity; provided that this clause (e)(B) shall not apply to (x) secured
Indebtedness that becomes due as a result of the sale or transfer or other Disposition (including a Casualty Event) of the property or
assets securing such Indebtedness permitted hereunder and under the documents providing for such Indebtedness and such Indebtedness is
repaid when required under the documents providing for such Indebtedness, (y) events of default, termination events or any other
similar event under the documents governing Swap Contracts for so long as such event of default, termination event or other similar event
does not result in the occurrence of an early termination date or any acceleration or prepayment of any amounts or other Indebtedness
payable thereunder or (z) Indebtedness that upon the happening of any such default or event automatically converts into Equity Interests
(other than Disqualified Stock or, in the case of a Restricted Subsidiary, Disqualified Stock or Preferred Stock) in accordance with
its terms; provided further, that such failure is unremedied and is not validly waived by the holders of such Indebtedness in
accordance with the terms of the documents governing such Indebtedness prior to any termination of the Revolving Credit Commitments or
acceleration of the Loans pursuant to Section 8.02; or

 

(f)            Insolvency
Proceedings, Etc. Any Loan Party or any Restricted Subsidiary (other than an Immaterial Subsidiary) institutes or consents to the
institution of any proceeding under any Debtor Relief Law, a winding-up, an administration, a dissolution, or a composition or makes
an assignment for the benefit of creditors or any other action is commenced (by way of voluntary arrangement, scheme of arrangement or
otherwise); or appoints, applies for or consents to the appointment of any receiver, administrator, administrative receiver, trustee,
custodian, conservator, liquidator, rehabilitator, judicial manager, provisional liquidator, administrator, receiver and manager, controller,
monitor or similar officer for it or for all or any material part of its property; or any receiver, trustee, custodian, conservator,
liquidator, rehabilitator, judicial manager, provisional liquidator, administrator, administrative receiver, receiver and manager, controller,
monitor or similar officer is appointed without the application or consent of such Person and the appointment continues undischarged
or unstayed for 60 days; or any proceeding under any Debtor Relief Law relating to any such Person or to all or substantially all of
its property is instituted without the consent of such Person and continues undismissed or unstayed for 60 days, or an order for relief
is entered in any such proceeding; or

 

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(g)           Inability
to Pay Debts; Attachment. (i) Any Loan Party or any Restricted Subsidiary (other than any Immaterial Subsidiary) becomes unable
or admits in writing its inability or fails generally to pay its debts as they become due or suspends making payments or enters into
a moratorium or standstill arrangement in relation to its Indebtedness or is taken to have failed to comply with a statutory demand (or
otherwise be presumed to be insolvent by applicable Law) or (ii) any writ or warrant of attachment or execution or similar process
is issued, commenced or levied against all or substantially all of the property of any such Person and is not released, vacated or fully
bonded within 60 days after its issue, commencement or levy, or any analogous procedure or step is taken in any jurisdiction; or

 

(h)           Judgments.
There is entered against any Loan Party or any Restricted Subsidiary a final judgment or order for the payment of money in an aggregate
amount (as to all such judgments and orders) equal to or greater than the Threshold Amount (to the extent not paid and not covered by
(i) independent third-party insurance as to which the insurer has been notified of such judgment or order and does not deny coverage
or (ii) an enforceable indemnity which is likely to be collectable to the extent that such Loan Party or Restricted Subsidiary shall
have made a claim for indemnification and the applicable indemnifying party shall not have disputed such claim) and there is a period
of 60 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) One or more ERISA Events occur or there is or arises an Unfunded Pension Liability (taking into account only Plans with positive
Unfunded Pension Liability) which ERISA Events or instances of Unfunded Pension Liability, when aggregated with all other ERISA Events
or instances of Unfunded Pension Liability, results or could reasonably be expected to result in liability of any Loan Party in an aggregate
amount which would reasonably be expected to result in a Material Adverse Effect, (ii) any Loan Party 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 which has resulted or could reasonably be expected to result in liability of any Loan Party in an aggregate
amount which would reasonably be expected to result in a Material Adverse Effect or (iii) with respect to a Foreign Plan, a termination,
withdrawal, imposition of a Lien or noncompliance with applicable Law or plan terms that would reasonably be expected to result in a
Material Adverse Effect; or

 

(j)            Invalidity
of Certain Loan Documents. Any material provision of any Collateral Document, any Guaranty, the Intercompany Subordination Agreement
and/or any intercreditor agreement required to be entered into pursuant to the terms of this Agreement (in each case, subject to the
Legal Reservations and the Perfection Exceptions), at any time after its execution and delivery and for any reason other than as expressly
permitted hereunder or thereunder (including as a result of a transaction permitted under Section 7.03 or Section 7.04) or
satisfaction in full of all the Obligations (other than contingent indemnification obligations as to which no claim has been asserted
and obligations and liabilities under Secured Cash Management Agreements and Secured Hedge Agreements) ceases to be in full force and
effect (except that any such failure to be in full force and effect with respect to the documents referred to in clause (vi) of
the definition of “Loan Documents” shall constitute an Event of Default only if the Borrowers receive notice thereof and
the Borrowers fail to remedy the relevant failure in all material respects within 15 days of receiving said notice); or any Loan Party
contests in writing the validity or enforceability of any provision of this Agreement, any Collateral Document, any Guaranty, the Intercompany
Subordination Agreement and any intercreditor agreement required to be entered into pursuant to the terms of this Agreement; or any Loan
Party denies in writing that it has any or further liability or obligation under any Loan Document (other than as a result of repayment
in full of the Obligations (other than contingent indemnification obligations as to which no claim has been asserted and obligations
and liabilities under Secured Cash Management Agreements and Secured Hedge Agreements) and termination of the Aggregate Commitments),
or purports in writing to revoke or rescind any Loan Document or the perfected Liens created thereby (except as otherwise expressly provided
in this Agreement or the Collateral Documents); or

 

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

 

Section 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 (including the Swingline Lender) to make Loans and any obligation of the L/C Issuers to make L/C Credit
Extensions to be terminated, whereupon such commitments and obligation shall be terminated;

 

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

 

(c)           require
that each Borrower Cash Collateralize such Borrower’s L/C Obligations (in an amount equal to the then Outstanding Amount thereof);
and

 

(d)           exercise
on behalf of itself, the L/C Issuers and the Lenders all rights and remedies available to it, the L/C Issuers and the Lenders under the
Loan Documents, under any document evidencing Indebtedness in respect of which the Facilities have been designated as “Designated
Senior Debt” (or any comparable term) and/or under applicable Law;

 

provided,
however, that upon the occurrence of an actual or deemed entry of an order for relief with respect to any Borrower under any Debtor
Relief Law, the obligation of each Lender to make Loans and any obligation of the L/C Issuers 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 Borrowers to Cash Collateralize their respective L/C Obligations as aforesaid shall automatically
become effective, in each case without further act of the Administrative Agent or any Lender.

 

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Section 8.03.         Right
to Cure.

 

(a)           Notwithstanding
anything to the contrary contained in Section 8.01 or 8.02, for the purpose of determining compliance with the Financial Covenant
set forth in Section 7.08, Holdings shall have the right (the “Cure Right”) to make any cash equity contribution
(which equity shall be common Capital Stock or other equity other than Disqualified Stock (such other equity to be on terms reasonably
acceptable to the Administrative Agent)) (“Cure Equity”) to Vertex, directly or indirectly, by one or more of its
equity holders after the end of the relevant fiscal quarter and on or prior to (i) with respect to a Default by the Borrowers under
Section 7.08 that occurs on the date that the Borrowers and their Restricted Subsidiaries become subject to testing the Financial
Covenant under Section 7.08, the date that is ten (10) Business Days thereafter, and (ii) otherwise, the date that is
(ten) 10 Business Days after the date on which financial statements are required to be delivered for such fiscal quarter pursuant to
Section 6.01(a) or (b), as applicable (in each case, the “Anticipated Cure Deadline”), and such Cure Equity
will, at the written direction of Vertex, be included in the calculation of Consolidated EBITDA solely for the purposes of determining
compliance with the Financial Covenant at the end of such fiscal quarter and applicable subsequent periods which include such fiscal
quarter (a “Specified Equity Contribution”); provided, that, (A) in each trailing four fiscal quarter
period, there shall be at least two fiscal quarters in respect of which no Specified Equity Contribution is made, (B) no more than
five (5) Specified Equity Contributions shall be made during the term of the Revolving Credit Facility, (C) for purposes of
Section 7.08, the Specified Equity Contribution utilized shall be no greater than the amount required to remedy the applicable failure
to comply with the Financial Covenant, (D) during any fiscal quarter in which a Specified Equity Contribution has been made, other
than as set forth above in this paragraph, such Specified Equity Contributions shall be disregarded for all other purposes, including
for purposes of determining any financial ratio-based conditions, pricing or any baskets with respect to any other covenants contained
in this Agreement, (E) there shall be no Pro Forma Effect or other reduction in Indebtedness (including by way of netting cash)
with the proceeds of any Specified Equity Contribution for determining compliance with the Financial Covenant for the fiscal quarter
in which such Specified Equity Contribution is made and (F) no Revolving Credit Lender, Swingline Lender or L/C Issuer shall be
required to make any Revolving Credit Loan or to issue any Letter of Credit from and after such time as the Administrative Agent has
received such notice from Vertex unless and until the Cure Equity is actually received by Vertex.

 

(b)           If,
after giving effect to the foregoing recalculations, the Borrowers shall then be in compliance with the requirements of the Financial
Covenant, the Borrowers shall be deemed to have satisfied the requirements of the Financial Covenant as of the relevant date of determination
with the same effect as though there had been no failure to comply therewith at such date, and the applicable breach or default of the
Financial Covenant that had occurred (and any other Default as a result thereof, including the failure to meet any condition requiring
no Default or Event of Default based solely on the basis of any actual our purported Event of Default under the Financial Covenant) shall
be deemed cured for the purposes of this Agreement.

 

(c)           Upon
receipt by the Administrative Agent of written notice, on or prior to the Anticipated Cure Deadline, that Vertex intends to exercise
the Cure Right in respect of a fiscal quarter, the Lenders shall not be permitted to accelerate the Loans held by them, to terminating
the Revolving Credit Commitments held by them or to exercise remedies against the Collateral on the basis of a failure to comply with
the requirements of the Financial Covenant, unless such failure is not cured pursuant to the exercise of the Cure Right on or prior to
the Anticipated Cure Deadline.

 

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Section 8.04.         Application
of Funds. After the exercise of remedies provided for in Section 8.02 (or after an actual or deemed entry of an order for relief
with respect to any Borrower under any Debtor Relief Law), any amounts received on account of the Obligations shall, subject to the provisions
of Sections 2.16 and 2.17, be applied by the Administrative Agent in the following order:

 

(a)           first,
to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including fees, disbursements
and other charges of counsel payable under Section 10.04 and amounts payable under Article III and amounts owing in respect
of (x) the preservation of Collateral or the Collateral Agent’s security interest in the Collateral or (y) with respect
to enforcing the rights of the Secured Parties under the Loan Documents) payable to the Administrative Agent and the Collateral Agent
in their respective capacity as such;

 

(b)           second,
to all amounts owing to the Swingline Lender on Swingline Loans;

 

(c)           third,
to payment in full of Unfunded Advances/Participations (the amounts so applied to be distributed between or among, as applicable, the
Administrative Agent and the L/C Issuers pro rata in accordance with the amounts of Unfunded Advances/Participations owed to them on
the date of any such distribution);

 

(d)           fourth,
to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (other than principal, interest
and Letter of Credit fees) payable to the Lenders and the L/C Issuers (including fees, disbursements and other charges of counsel payable
under Sections 10.04 and 10.05) arising under the Loan Documents and amounts payable under Article III, ratably among them in proportion
to the respective amounts described in this clause (d) held by them;

 

(e)           fifth,
to payment of that portion of the Obligations constituting accrued and unpaid Letter of Credit fees and interest on the Loans and L/C
Borrowings, ratably among the Lenders and the L/C Issuers in proportion to the respective amounts described in this clause (e) held
by them;

 

(f)            sixth,
(i) to payment of that portion of the Obligations constituting unpaid principal of the Loans, the L/C Borrowings and, in an amount
not to exceed the Bank Product Reserve, obligations of the Loan Parties then owing under Secured Hedge Agreements and the Secured Cash
Management Agreements and (ii) to Cash Collateralize that portion of L/C Obligations comprising the aggregate undrawn amount of
Letters of Credit to the extent not otherwise Cash Collateralized by the Borrowers pursuant to Sections 2.03 and 2.16, ratably among
the Lenders, the L/C Issuers, the Hedge Banks party to such Secured Hedge Agreements and the Cash Management Banks party to such Secured
Cash Management Agreements in proportion to the respective amounts described in this clause (f) held by them; provided that
(x) any such amounts applied pursuant to the foregoing clause (ii) shall be paid to the Administrative Agent for the ratable
account of the applicable L/C Issuers to Cash Collateralize such L/C Obligations, (y) subject to Sections 2.03(d) and 2.16,
amounts used to Cash Collateralize the aggregate undrawn amount of Letters of Credit pursuant to this clause (e) shall be applied
to satisfy drawings under such Letters of Credit as they occur and (z) upon the expiration of any Letter of Credit without any pending
drawing, the pro rata share of Cash Collateral attributable to such expired Letter of Credit shall be applied by the Administrative Agent
in accordance with the priority of payments set forth in this Section 8.04;

 

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(g)           seventh,
to the extent not paid under clause (f) above, to payment of that portion of the Obligations constituting unpaid principal of obligations
of the Loan Parties then owing under Secured Hedge Agreements and the Secured Cash Management Agreements, ratably among the Hedge Banks
party to such Secured Hedge Agreements and the Cash Management Banks party to such Secured Cash Management Agreements in proportion to
the respective amounts described in this clause (g) held by them;

 

(h)           eighth,
to the payment of all other Obligations of the Loan Parties owing under or in respect of the Loan Documents that are then due and payable
to the Administrative Agent and the other Secured Parties, ratably based upon the respective aggregate amounts of all such Obligations
then owing to the Administrative Agent and the other Secured Parties; and

 

(i)             last,
after all of the Obligations have been paid in full (other than contingent indemnification obligations not yet due and owing), to the
Borrowers or as otherwise required by Law;

 

provided
that no amounts received from any Guarantor shall be applied to Excluded Swap Obligations of such Guarantor.

 

If any amount remains on
deposit as Cash Collateral after all Letters of Credit have either been fully drawn or expired without any pending drawing, such remaining
amount shall be applied to the other Obligations, if any, in accordance with the priority of payments set forth above. Notwithstanding
the foregoing, Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements shall be excluded from the application
of payments described above if the Administrative Agent has not received written notice thereof, together with such supporting documentation
as the Administrative Agent may reasonably request, from the applicable Cash Management Bank or Hedge Bank, as the case may be.

 

It is understood and agreed
by each Loan Party and each Secured Party that the Administrative Agent and Collateral Agent shall have no liability for any determinations
made by it in this Section 8.04, in each case except to the extent resulting from the gross negligence or willful misconduct of
the Administrative Agent or the Collateral Agent, as applicable (as determined by a court of competent jurisdiction in a final and non-appealable
decision). Each Loan Party and each Secured Party also agrees that the Administrative Agent and the Collateral Agent may (but shall not
be required to), at any time and in its sole discretion, and with no liability resulting therefrom, petition a court of competent jurisdiction
regarding any application of Collateral in accordance with the requirements hereof, and the Administrative Agent and the Collateral Agent
shall be entitled to wait for, and may conclusively rely on, any such determination.

 

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Article IX

Administrative Agent and Other Agents

 

Section 9.01.         Appointment
and Authorization of Agents.

 

(a)           Each
Lender, the Swingline Lender and L/C Issuer hereby irrevocably appoints Ally to act on its behalf as Administrative Agent hereunder and
under the other Loan Documents (subject to the provisions in Section 9.09), and designates and authorizes the Administrative Agent
to take such actions on its behalf under the provisions of this Agreement and each other Loan Document and to exercise such powers and
perform such duties as are expressly delegated to the Administrative Agent by the terms of this Agreement or any other Loan Document,
together with such actions and powers as are reasonably incidental thereto. The Administrative Agent may perform any of its duties through
its officers, directors, agents, employees, or affiliates. Except as expressly provided for in Sections 9.09 and 9.11 with respect to
the Borrowers’ right to receive, or their ability to furnish, notice as described therein, the provisions of this Article are
solely for the benefit of the Administrative Agent and the Lenders, and no Loan Party shall have rights as a third party beneficiary
of any of such provisions. Notwithstanding any provision to the contrary contained elsewhere herein or in any other Loan Document no
Agent shall have any duties or responsibilities, except those expressly set forth herein, nor shall any Agent have or be deemed to have
any fiduciary relationship with any Lender or participant, and no implied covenants, functions, responsibilities, duties, obligations
or liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against any Agent. Regardless of whether
a Default has occurred and is continuing and without limiting the generality of the foregoing sentence, the use of the term “agent”
herein and in the other Loan Documents with reference to any Agent is not intended to connote any fiduciary or other implied (or express)
obligations arising under agency doctrine of any applicable Law. Instead, such term is used merely as a matter of market custom, and
is intended to create or reflect only an administrative relationship between independent contracting parties.

 

(b)           Each
L/C Issuer shall act on behalf of the Lenders with respect to any Letters of Credit issued by it and the documents associated therewith,
and such L/C Issuer shall have all of the benefits and immunities (i) provided to the Agents in this Article IX with respect
to any acts taken or omissions suffered by such L/C Issuer in connection with Letters of Credit issued by it or proposed to be issued
by it and the applications and agreements for letters of credit pertaining to such Letters of Credit as fully as if the term “Agent”
as used in this Article IX and in the definition of “Agent-Related Person” included such L/C Issuer with respect to
such acts or omissions, and (ii) as additionally provided herein with respect to such L/C Issuer. The Swingline Lender shall act
on behalf of the Lenders with respect to any Swingline Loans made by it, and such Swingline Lender shall have all of the benefits and
immunities (i) provided to the Agents in this Article IX with respect to any acts taken or omissions suffered by such Swingline
Lender in connection with Swingline Loans made by it or proposed to be made by it as fully as if the term “Agent” as used
in this Article IX and in the definition of “Agent-Related Person” included such Swingline Lender with respect to such
acts or omissions, and (ii) as additionally provided herein with respect to such Swingline Lender.

 

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(c)           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 Lender, Swingline Lender, L/C Issuer (if applicable) and a potential Cash Management Bank party to a Secured Cash Management Agreement
and/or a potential Hedge Bank party to a Secured Hedge Agreement) hereby irrevocably appoints and authorizes the Administrative Agent
to act as the agent of (and to hold any security interest, charge or other Lien created by the Collateral Documents for and on behalf
of or in trust for) such Lender 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 Secured 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 9.02 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 (including Section 9.07, as though such co-agents, sub-agents
and attorneys-in-fact were the Collateral Agent under the Loan Documents) and Section 10.04 as if set forth in full herein with
respect thereto and all references to Administrative Agent in this Article IX shall, where applicable, be read as including a reference
to the Collateral Agent. Without limiting the generality of the foregoing, the Lenders hereby expressly authorize the Administrative
Agent as Collateral Agent to execute any and all documents (including releases) with respect to the Collateral and the rights of the
Secured Parties with respect thereto (including any intercreditor agreement), as contemplated by and in accordance with the provisions
of this Agreement and the Collateral Documents and acknowledge and agree that any such action by any Agent shall bind the Lenders (including
in its capacities as a Lender, Swingline Lender, L/C Issuer (if applicable) and a potential Cash Management Bank party to a Secured Cash
Management Agreement and/or a potential Hedge Bank party to a Secured Hedge Agreement).

 

Section 9.02.         Delegation
of Duties. The Administrative Agent may execute any of its duties and exercise its rights and powers under this Agreement or any
other Loan Document (including for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under
the Collateral Documents or of exercising any rights and remedies thereunder) by or through agents, employees or attorneys-in-fact and
shall be entitled to advice of counsel and other consultants or experts concerning all matters pertaining to such duties. 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
Agent-Related Persons. The Administrative Agent shall not be responsible for the negligence or misconduct of any agent or attorney-in-fact
that it selects in the absence of gross negligence or willful misconduct by the Administrative Agent, as determined by a final non-appealable
judgment by a court of competent jurisdiction. The exculpatory provisions of this Article IX shall apply to any such sub agent and
to the Agent-Related Persons 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.

 

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Section 9.03.         Liability
of Agents.

 

(a)           No
Agent-Related Person shall be (i) liable for any action taken or omitted to be taken by any of them under or in connection with
this Agreement or any other Loan Document or the transactions contemplated hereby (except for its own gross negligence or willful misconduct
in connection with its duties expressly set forth herein, to the extent determined in a final, non-appealable judgment by a court of
competent jurisdiction), (ii) liable for any action taken or not taken by it (A) with the consent or at the request of the
Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe
in good faith shall be necessary, under the circumstances as provided in Sections 10.01 and 8.02) or (B) in the absence of its own
gross negligence or willful misconduct as determined by the final, non-appealable judgment of a court of competent jurisdiction, in connection
with its duties expressly set forth herein, (iii) responsible in any manner to any Lender or participant for any recital, statement,
representation or warranty made by any Loan Party or any officer thereof, contained herein or in any other Loan Document, or in any certificate,
report, statement or other document referred to or provided for in, or received by the Administrative Agent under or in connection with,
this Agreement or any other Loan Document, (iv) responsible for or have any duty to ascertain or inquire into the validity, effectiveness,
genuineness, enforceability or sufficiency of this Agreement or any other Loan Document or any other agreement, instrument or document,
or the creation, perfection or priority of any Lien, or security interest created or purported to be created under the Collateral Documents,
or for any failure of any Loan Party or any other party to any Loan Document to perform its obligations hereunder, (v) responsible
for or have any duty to ascertain or inquire into the value or the sufficiency of any Collateral or (vi) responsible for or have
any duty to ascertain or inquire into 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. No Agent-Related Person shall be under any
obligation to any Lender or participant to ascertain or to inquire as to the observance or performance of any of the agreements contained
in, or conditions of, this Agreement or any other Loan Document, or to inspect the properties, books or records of any Loan Party or
any Affiliate thereof. The Administrative Agent shall not be responsible or have any liability for, or have any duty to ascertain, inquire
into, monitor or enforce, compliance with the provisions relating to Disqualified Institutions. Without limiting the generality of the
foregoing, the Administrative Agent shall not (x) be obligated to ascertain, monitor or inquire as to whether any Lender or participant
or prospective Lender or participant is a Disqualified Institution or (y) have any liability with respect to or arising out of any
assignment or participant of loans, or disclosure of confidential information, to, or the restriction on any exercise of rights or remedies
of, any Disqualified Institution.

 

(b)           The
Administrative Agent shall not have any duty to (i) take any discretionary action or exercise any discretionary powers, except discretionary
rights and powers expressly contemplated hereby or by the other Loan Documents that such Agent is required to exercise as directed in
writing by the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the
other Loan Documents); provided that no Agent shall be required to take any action that, in its opinion or the opinion of its
counsel, may expose such Agent to liability or that is contrary to any Loan Document or applicable Law; and (ii) to disclose, except
as expressly set forth herein and in the other Loan Documents, and shall not be liable for the failure to disclose, any information relating
to the Borrowers or any of their Affiliates that is communicated to or obtained by any Person serving as an Agent or any of its Affiliates
in any capacity.

 

(c)           Any
assignor of a Loan or seller of a participation hereunder shall be entitled to rely conclusively on a representation of the assignee
Lender or Participant in the relevant Assignment and Assumption or participation agreement, as applicable, that such assignee or purchaser
is not a Disqualified Institution. No Agent shall have any responsibility or liability for monitoring the list or identities of, or enforcing
provisions relating to, Disqualified Institutions.

 

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Section 9.04.         Reliance
by Agents.

 

(a)           Each
Agent shall be entitled to rely, and shall be fully protected in relying, upon any writing, communication, signature, resolution, representation,
notice, request, consent, certificate, instrument, affidavit, letter, telegram, facsimile, telex or telephone message, electronic mail
message, Internet or intranet website posting or other distribution statement or other document or conversation reasonably believed
by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons. Each Agent also may rely upon
any statement made to it orally or by telephone and reasonably 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 that by its terms must
be fulfilled to the satisfaction of a Lender, the Administrative Agent may presume that such condition is satisfactory to such Lender
unless the Administrative Agent shall have received notice to the contrary from such Lender prior to the making of such Loan. Each Agent
may consult with, and rely upon (and be fully protected in relying upon), advice and statements of legal counsel (including counsel to
any Loan Party), independent accountants and other experts selected by such Agent. Each Agent shall be fully justified in failing or
refusing to take any action under any Loan Document unless it shall first receive such advice or concurrence of the Required Lenders
(or such other number of Lenders as may be expressly required hereby in any instance) as it deems appropriate and, if it so requests,
it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense which may be incurred by it
by reason of taking or continuing to take any such action. Each Agent shall in all cases be fully protected in acting, or in refraining
from acting, under this Agreement or any other Loan Document in accordance with a request or consent of the Required Lenders (or such
other number of Lenders as may be expressly required hereby in any instance) and such request and any action taken or failure to act
pursuant thereto shall be binding upon all the Lenders.

 

(b)           For
purposes of determining compliance with the conditions specified in Sections 4.01 and 4.02, 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.

 

Section 9.05.         Notice
of Default. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default, except with
respect to defaults in the payment of principal, interest and fees required to be paid to the Administrative Agent for the account of
the Lenders, unless the Administrative Agent shall have received written notice from a Lender or any Borrower referring to this Agreement,
describing such Default and stating that such notice is a “notice of default.” The Administrative Agent will notify the Lenders
of its receipt of any such notice. The Administrative Agent shall take such action with respect to any Event of Default as may be directed
by the Required Lenders in accordance with Article VIII; provided, however, that unless and until the Administrative
Agent has received any such direction, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from
taking such action, with respect to such Event of Default as it shall deem advisable or in the best interest of the Lenders.

 

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Section 9.06.         Credit
Decision; Disclosure of Information by Agents. Each Lender acknowledges that no Agent-Related Person has made any representation
or warranty to it, and that no act by any Agent 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 any Agent-Related
Person to any Lender as to any matter, including whether Agent-Related Persons have disclosed material information in their possession.
Each Lender represents to each Agent that it has, independently and without reliance upon any Agent-Related Person and based on such
documents and information as it has deemed appropriate, made its own appraisal of, and investigation into, the business, prospects, operations,
property, financial and other condition and creditworthiness of the Loan Parties and their respective 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 Borrowers and the other Loan Parties hereunder. Each Lender also represents that it will, independently and
without reliance upon any Agent-Related Person and based on such documents and information as it shall deem appropriate at the time,
continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement and the other
Loan Documents, and to make such investigations as it deems necessary to inform itself as to the business, prospects, operations, property,
financial and other condition and creditworthiness of the Borrowers and the other Loan Parties. Except for notices, reports and other
documents expressly required to be furnished to the Lenders by any Agent herein, such Agent shall not have any duty or responsibility
to provide any Lender with any credit or other information concerning the business, prospects, operations, property, financial and other
condition or creditworthiness of any of the Loan Parties or any of their respective Affiliates which may come into the possession of
any Agent-Related Person.

 

Section 9.07.         Indemnification
of Agents. Whether or not the transactions contemplated hereby are consummated, each Lender shall, on a ratable basis based on such
Lender’s Pro Rata Share of all the Facilities, indemnify upon demand each Agent-Related Person (to the extent not reimbursed by
or on behalf of any Loan Party and without limiting the obligation of any Loan Party to do so), and hold harmless each Agent-Related
Person in each case from and against any and all Indemnified Liabilities incurred by such Agent-Related Person (including, for the avoidance
of doubt, any such Agent-Related Person in its capacity as L/C Issuer or Swingline Lender); provided, however, that no
Lender shall be liable for any Indemnified Liabilities incurred by an Agent-Related Person to the extent such Indemnified Liabilities
are determined in a final, non-appealable judgment by a court of competent jurisdiction to have resulted from such Agent-Related Person’s
own gross negligence or willful misconduct; provided, however, that no action taken in accordance with the directions of
the Required Lenders (or such other number or percentage of the Lenders as shall be required by the Loan Documents) shall be deemed to
constitute gross negligence or willful misconduct for purposes of this Section 9.07. In the case of any investigation, litigation
or proceeding giving rise to any Indemnified Liabilities, this Section 9.07 shall apply whether or not any such investigation, litigation
or proceeding is brought by any Lender or any other Person. Without limiting the foregoing, each Lender shall reimburse the Administrative
Agent upon demand for its Pro Rata Share of any costs or out-of-pocket expenses (including the fees, disbursements and other charges
of counsel) incurred by the Administrative Agent in connection with the preparation, execution, delivery, administration, modification,
amendment or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities
under, this Agreement, any other Loan Document, or any document contemplated by or referred to herein, to the extent that the Administrative
Agent is not reimbursed for such expenses by or on behalf of the Borrowers; provided that such reimbursement by the Lenders shall
not affect the Borrowers’ continuing reimbursement obligations with respect thereto; provided further, that failure of any
Lender to indemnify or reimburse the Administrative Agent shall not relieve any other Lender of its obligation in respect thereof. The
undertaking in this Section 9.07 shall survive termination of the Aggregate Commitments, the payment of all other Obligations and
the resignation or removal of the Administrative Agent.

 

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Section 9.08.         Agents
in their Individual Capacities. Any Agent and its Affiliates may make loans to, issue letters of credit for the account of, accept
deposits from, acquire Capital Stock in and generally engage in any kind of banking, trust, financial advisory, underwriting or other
business with each of the Loan Parties and their respective Affiliates as though it were not an Agent, the Swingline Lender or an L/C
Issuer hereunder and without notice to or consent of the Lenders. The Lenders acknowledge that, pursuant to such activities, an Agent
or its Affiliates may receive information regarding any Loan Party or its Affiliates (including information that may be subject to confidentiality
obligations in favor of such Loan Party or such Affiliate) and acknowledge that such Agent shall be under no obligation to provide such
information to them. With respect to its Loans, such Agent shall have the same rights and powers under this Agreement as any other Lender
and may exercise such rights and powers as though it were not an Agent, the Swingline Lender or an L/C Issuer, and the terms “Lender”
and “Lenders” include such Agent in its individual capacity (unless otherwise expressly indicated or unless the context otherwise
requires).

 

Section 9.09.         Successor
Agents.

 

(a)           The
Administrative Agent or Collateral Agent may resign as the Administrative Agent or Collateral Agent, as applicable, upon 30 days’
written notice to the Borrowers and the Lenders (or immediately upon the termination of all of the Revolving Credit Commitments held
by Ally and its Affiliates in connection with a loan modification pursuant to the terms of Section 10.01). If the Administrative
Agent or Collateral Agent or a controlling Affiliate of the Administrative Agent or the Collateral Agent is subject to an Agent-Related
Distress Event, the Borrowers may remove such Agent from such role upon ten (10) days’ written notice to the Lenders. Upon
receipt of any such notice of resignation or removal, the Required Lenders shall appoint from among the Lenders a successor agent for
the Lenders, which successor agent shall be consented to by the Borrowers at all times other than during the existence of an Event of
Default under Section 8.01(a), (f), or (g) (which consent of the Borrowers shall not be unreasonably withheld or delayed).
If no successor agent is appointed prior to the effective date of the resignation or removal, as applicable, of the Administrative Agent
or Collateral Agent, as applicable, the Administrative Agent or Collateral Agent (other than to the extent subject to an Agent-Related
Distress Event or if the Administrative Agent is being removed as a result of it being a Disqualified Institution), as applicable, may
appoint, after consulting with the Lenders and the Borrowers, a successor agent from among the Lenders. Upon the acceptance of its appointment
as successor agent hereunder, the Person acting as such successor agent shall succeed to all the rights, powers and duties of the retiring
Administrative Agent or Collateral Agent, as applicable, and the term “Administrative Agent” or “Collateral Agent,”
as applicable, shall mean such successor administrative agent or such successor collateral agent, as applicable, and the retiring Administrative
Agent’s or Collateral Agent’s appointment, powers and duties as the Administrative Agent or Collateral Agent, as applicable,
shall be terminated. After the retiring Administrative Agent’s or Collateral Agent’s resignation or removal hereunder as
the Administrative Agent or Collateral Agent, the provisions of this Article IX and Sections 10.04 and 10.05 shall continue in effect
for its benefit as to any actions taken or omitted to be taken by it while it was the Administrative Agent or Collateral Agent under
this Agreement. If no successor agent has accepted appointment as the Administrative Agent or Collateral Agent by the date which is 30
days following the retiring Administrative Agent’s or Collateral Agent’s notice of resignation or removal, the retiring Administrative
Agent’s or Collateral Agent’s resignation or removal shall nevertheless thereupon become effective and (i) the retiring
Administrative Agent or Collateral Agent, as applicable, 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 or Collateral Agent on behalf
of the Lenders under any of the Loan Documents, the retiring Agent shall continue to hold such collateral security as bailee, trustee
or other applicable capacity until such time as a successor of such Agent is appointed), (ii) all payments, communications and determinations
provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender directly, until such time as
the Required Lenders appoint a successor Administrative Agent as provided for above in this Section 9.09 and (iii) the Lenders
shall perform all of the duties of the Administrative Agent or Collateral Agent, as applicable, hereunder until such time, if any, as
the Required Lenders appoint a successor agent as provided for above. Upon the acceptance of any appointment as the Administrative Agent
or Collateral Agent hereunder by a successor and upon the execution and filing or recording of such financing statements, or amendments
thereto, and such amendments or supplements to the Mortgages, and such other instruments or notices, as may be necessary or desirable,
or as the Required Lenders may request, in order to continue the perfection of the Liens granted or purported to be granted by the Collateral
Documents, the Administrative Agent or Collateral Agent, as applicable, shall thereupon succeed to and become vested with all the rights,
powers, discretion, privileges, and duties of the retiring Administrative Agent or Collateral Agent. Upon the acceptance of any appointment
as the Administrative Agent or Collateral Agent hereunder by a successor or upon the expiration of the 30-day period following the retiring
Administrative Agent’s or Collateral Agent’s notice of resignation or removal without a successor agent having been appointed,
the retiring Administrative Agent or Collateral Agent, as applicable, shall be discharged from its duties and obligations hereunder and
under the other Loan Documents other than as specifically set forth in clause (i) above of this Section 9.09(a) but the
provisions of this Article IX and Sections 10.04 and 10.05 shall continue in effect for the benefit of such retiring Agent, its
sub-agents and their respective Agent-Related Persons in respect of any actions taken or omitted to be taken by any of them solely in
respect of the Loan Documents or Obligations, as applicable, while the retiring Agent was acting as Administrative Agent or Collateral
Agent, as applicable. At any time the Administrative Agent or Collateral Agent is a Defaulting Lender pursuant to clause (d) of
the definition thereof, the Administrative Agent or Collateral Agent may be removed as the Administrative Agent or Collateral Agent hereunder
at the request of the Borrowers and the Required Lenders.

 

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(b)           Any
resignation by or removal of Ally as Administrative Agent or Collateral Agent pursuant to this Section 9.09 shall also constitute
its resignation or removal as the Swingline Lender and an L/C Issuer, in which case the resigning Administrative Agent (x) shall
not be required to make any further Swingline Loans or issue any further Letters of Credit hereunder and (y) shall maintain all
of its rights as Swingline Lender or L/C Issuer with respect to any Swingline Loans made or Letters of Credit issued by it prior to the
date of such resignation or removal. Upon the acceptance of a successor’s appointment as Administrative Agent or Collateral Agent
hereunder or upon the effective date of such resignation or removal, (i) such successor (if any) shall succeed to and become vested
with all of the rights, powers, privileges and duties of the retiring Swingline Lender and L/C Issuer, (ii) the retiring Swingline
Lender and L/C Issuer shall be discharged from all of their respective duties and obligations hereunder or under the other Loan Documents
and (iii) the successor Swingline Lender and L/C Issuer (if any) shall repay any outstanding Swingline Loans, if any, and issue
letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make (or the Borrowers
shall enter into) 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.

 

Section 9.10.         Administrative
Agent May File Proofs of Claim. In case of the pendency of any receivership, administrative receivership, judicial management,
insolvency, liquidation, bankruptcy, reorganization (by way of voluntary arrangement, schemes of arrangement or otherwise), arrangement,
adjustment, composition or other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the
principal of any Loan or L/C Obligation shall then be due and payable as herein expressed or by declaration or otherwise and irrespective
of whether the Administrative Agent shall have made any demand on the Borrowers) 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 and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and
advances of the Lenders and the Administrative Agent and their respective agents and counsel to the extent provided for herein and all
other amounts due the Lenders 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 administrator, administrative receiver,
custodian, receiver, assignee, trustee, judicial manager, liquidator, sequestrator or other similar official in any such judicial proceeding
is hereby authorized by each Lender to make such payments to the Administrative Agent and, in the event that the Administrative Agent
shall consent to the making of such payments directly to the Lenders, to pay to the Administrative Agent any amount due for the reasonable
compensation, expenses, disbursements and advances of the Agents and their respective agents and counsel, and any other amounts, in each
case, 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 any plan
of reorganization (by way of voluntary arrangement, schemes of arrangement or otherwise), arrangement, adjustment or composition affecting
the Obligations or the rights of any Lender or to authorize the Administrative Agent to vote in respect of the claim of any Lender in
any such proceeding.

 

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Section 9.11.         Collateral
and Guaranty Matters.

 

(a)           Each
of the Lenders (including in their capacities as potential Hedge Banks party to a Secured Hedge Agreement and potential or actual Cash
Management Banks party to a Secured Cash Management Agreement), the Swingline Lender and each L/C Issuer irrevocably authorize the Administrative
Agent and the Collateral Agent, and each of the Administrative Agent and the Collateral Agent shall to the extent requested by the Borrowers
or, solely in the case of clause (b)(ii) below, to the extent provided for under this Agreement, take the actions to be taken by
them pursuant to clauses (b) and (c) below;

 

(b)           Each
of the Lenders (including in their capacities as potential or actual Hedge Banks party to a Secured Hedge Agreement and potential or
actual Cash Management Banks party to a Secured Cash Management Agreement), the Swingline Lender, each L/C Issuer, each of the Agents
and each other Secured Party agrees that, notwithstanding anything to the contrary in this Agreement:

 

(i)            any
Lien on any property granted to or held by the Administrative Agent or Collateral Agent under any Loan Document shall be automatically
released upon (i) upon termination of the Aggregate Commitments and payment in full of all Obligations (other than (A) contingent
indemnification obligations as to which no claim has been asserted and (B) obligations and liabilities under Secured Cash Management
Agreements and Secured Hedge Agreements) and the expiration without any pending drawing or termination of all Letters of Credit (other
than Letters of Credit which have been Cash Collateralized), (ii) that is sold, disposed of or distributed or to be sold, disposed
of or distributed as part of or in connection with any transaction permitted hereunder or under any other Loan Document, in each case
to a Person that is not a Loan Party, (iii) subject to Section 10.01, if approved, authorized or ratified in writing by the
Required Lenders, (iv) if such property constitutes Excluded Property as a result of an occurrence not prohibited hereunder or (v) if
such property is owned by a Subsidiary Guarantor, upon release of such Subsidiary Guarantor from its obligations under its Guaranty pursuant
to clause (c) below;

 

(ii)           the
Administrative Agent or Collateral Agent, as applicable, shall (without notice to, or vote or consent of, any Secured Party) take such
actions as shall be required to release or subordinate any Lien on any property granted to or held by the Administrative Agent or Collateral
Agent under any Loan Document to the holder of any Permitted Lien on such property that is permitted by clauses (1)(solely with respect
to cash deposits), (4)(in the case of a release, solely with respect to cash deposits), (5), (6) (only with regard to Section 7.01(d)),
(9), (11) (solely with respect to cash deposits), (16), (17) (other than with respect to self-insurance arrangements), (18), (21), (23)
(solely to the extent relating to a lien of the type allowed pursuant to clause (9) of the definition thereof), (25) (solely to
the extent relating to a lien of the type allowed pursuant to clause (6) of the definition of “Permitted Liens” and
securing obligations under Indebtedness of the type allowed pursuant to Section 7.01(d)), (26) (solely to the extent the Lien of
the Collateral Agent on such property is not, pursuant to such agreements, required or permitted to be senior to or pari passu with such
Liens), (29) (solely with respect to cash deposits), (34), (39) (only for so long as required to be secured for such letter of intent
or investment),(45) (solely with respect to cash deposits), (46) and (48) of the definition thereof;

 

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(iii)          any
Subsidiary Guarantor shall be automatically released from its obligations under the applicable Guaranty if in the case of any Subsidiary,
such Person ceases to be a Restricted Subsidiary or otherwise becomes an Excluded Subsidiary as a result of a transaction or designation
permitted hereunder; provided that in the case of any such Subsidiary Guarantor that becomes an Excluded Subsidiary solely as
a result of becoming a non-Wholly Owned Subsidiary, such Subsidiary Guarantor shall not be released from its obligations under this Agreement
and the Guaranty unless either (I) (a) such transaction is entered into for a bona fide business purpose (as determined in
good faith by the Borrower Representative) and, for the avoidance of doubt, not the primary purpose of causing such release and (b) the
portion of Equity Interests that caused such Guarantor to cease to be wholly owned were not transferred to an Affiliate of the Borrowers
(other than for purposes of a bona fide joint venture arrangement on terms that are not less favorable than arms-length terms), (II) such
person ceases to constitute a Subsidiary or (III) such Person otherwise constitutes an Excluded Subsidiary (other than solely on
account of constituting a non-Wholly Owned Subsidiary); and

 

(c)           the
Administrative Agent or Collateral Agent, as applicable, shall establish intercreditor arrangements as contemplated by this Agreement
(including, for the avoidance of doubt, the ABL Intercreditor Agreement or another Market Intercreditor Agreement).

 

Upon request by the Administrative Agent at any
time, the Required Lenders will confirm in writing the Collateral Agent’s authority to release or subordinate its interest in particular
types or items of property, or to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.11. In
each case as specified in this Section 9.11, the applicable Agent will (and each Lender irrevocably authorizes the applicable Agent
to), at the Borrowers’ expense, execute and deliver to the applicable Loan Party such documents as such Loan Party may reasonably
request to evidence the release or subordination of such item of Collateral from the assignment and security interest granted under the
Collateral Documents, or to evidence the release of such Guarantor from its obligations under the Guaranty, in each case in accordance
with the terms of the Loan Documents and this Section 9.11. Additionally, upon reasonable request of the Borrowers, the Collateral
Agent will return possessory Collateral held by it that is released from the security interests created by the Collateral Documents pursuant
to this Section 9.11; provided that in each case of this Section 9.11, the Borrowers shall have delivered to the Administrative
Agent and Collateral Agent a certificate of a Responsible Officer of the Borrowers certifying that any such transaction has been consummated
in compliance with the Credit Agreement and the other Loan Documents and that such release is permitted hereby; provided, that
in the event that the Collateral Agent loses or misplaces any possessory collateral delivered to the Collateral Agent by the Borrowers,
upon reasonable request of the Borrowers, the Collateral Agent shall provide a loss affidavit to the Borrowers, in the form customarily
provided by the Collateral Agent in such circumstances and reasonably satisfactory to the Borrowers.

 

Section 9.12.         Other
Agents; Arranger and Managers. None of the Lenders or other Persons identified on the facing page or signature pages of
this Agreement as a “documentation agent,” “joint lead arranger,” or “joint bookrunner” shall have
any right, power, obligation, liability, responsibility or duty under this Agreement other than those applicable to all Lenders as such;
provided that each Arranger shall be entitled to any express rights given to that Arranger under any Loan Document. Without limiting
the foregoing, none of the Lenders or other Persons so identified shall have or be deemed to have any fiduciary relationship with any
Lender. Each Lender acknowledges that it has not relied, and will not rely, on any of the Lenders or other Persons so identified in deciding
to enter into this Agreement or in taking or not taking action hereunder.

 

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Section 9.13.     Secured
Cash Management Agreements and Secured Hedge Agreements. No Cash Management Bank or Hedge Bank that obtains the benefits of Section 8.04,
any Guaranty or any Collateral by virtue of the provisions hereof or of any Guaranty or any Collateral Document shall have any right
to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect
of the Collateral (including the release or impairment of any Collateral) other than in its capacity as a Lender and, in such case, only
to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Article IX to the contrary,
the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with
respect to, Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements 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 Cash Management Bank or Hedge Bank, as the case may be.

 

Section 9.14.     Appointment
of Supplemental Agents, Incremental Arrangers and Incremental Notes Arrangers.

 

(a)            It
is the purpose of this Agreement and the other Loan Documents that there shall be no violation of any Law of any jurisdiction denying
or restricting the right of banking corporations or associations to transact business as agent or trustee in such jurisdiction. It is
recognized that in case of litigation under this Agreement or any of the other Loan Documents, and in particular in case of the enforcement
of any of the Loan Documents, or in case the Administrative Agent or the Collateral Agent deems that by reason of any present or future
Law of any jurisdiction it may not exercise any of the rights, powers or remedies granted herein or in any of the other Loan Documents
or take any other action which may be desirable or necessary in connection therewith, the Administrative Agent and the Collateral Agent
are hereby authorized to appoint an additional individual or institution selected by them in their sole discretion as a separate trustee,
co-trustee, administrative agent, collateral agent, administrative sub-agent or administrative co-agent, as applicable (any such additional
individual or institution being referred to herein individually as a “Supplemental Agent” and collectively as “Supplemental
Agents”).

 

(b)            In
the event that the Administrative Agent or the Collateral Agent appoints a Supplemental Agent with respect to any Collateral, (i) each
and every right, power, privilege or duty expressed or intended by this Agreement or any of the other Loan Documents to be exercised
by or vested in or conveyed to the Administrative Agent or the Collateral Agent with respect to such Collateral shall be exercisable
by and vest in such Supplemental Agent to the extent, and only to the extent, necessary to enable such Supplemental Agent to exercise
such rights, powers and privileges with respect to such Collateral and to perform such duties with respect to such Collateral, and every
covenant and obligation contained in the Loan Documents and necessary to the exercise or performance thereof by such Supplemental Agent
shall run to and be enforceable by either the Administrative Agent and the Collateral Agent or such Supplemental Agent, and (ii) the
provisions of this Article IX and of Sections 10.04 and 10.05 (obligating the Borrowers to pay the Administrative Agent’s
and the Collateral Agent’s expenses and to indemnify the Administrative Agent and the Collateral Agent) that refer to the Administrative
Agent and/or the Collateral Agent shall inure to the benefit of such Supplemental Agent and all references therein to the Administrative
Agent and/or Collateral Agent shall be deemed to be references to the Administrative Agent and/or Collateral Agent and/or such Supplemental
Agent, as the context may require.

 

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(c)            Should
any instrument in writing from the Borrowers, Holdings or any other Loan Party be required by any Supplemental Agent so appointed by
the Administrative Agent or the Collateral Agent for more fully and certainly vesting in and confirming to him or it such rights, powers,
privileges and duties, the Borrowers or Holdings, as applicable, shall, or shall cause such Loan Party to, execute, acknowledge and deliver
any and all such instruments promptly upon request by the Administrative Agent or the Collateral Agent. In case any Supplemental Agent,
or a successor thereto, shall die, become incapable of acting, resign or be removed, all the rights, powers, privileges and duties of
such Supplemental Agent, to the extent permitted by Law, shall vest in and be exercised by the Administrative Agent or the Collateral
Agent, as applicable, until the appointment of a new Supplemental Agent.

 

(d)            In
the event that the Borrowers appoint or designate any Incremental Arranger pursuant to Section 2.14, (i) each and every right,
power, privilege or duty expressed or intended by this Agreement or any of the other Loan Documents to be exercised by or vested in or
conveyed to an agent or arranger shall be exercisable by and vest in such Incremental Arranger to the extent, and only to the extent,
necessary to enable such Incremental Arranger to exercise such rights, powers and privileges and to perform such duties, and every covenant
and obligation contained in the Loan Documents and necessary to the exercise or performance thereof by such Incremental Arranger shall
run to and be enforceable by either the Administrative Agent or such Incremental Arranger, and (ii) the provisions of this Article IX
and of Sections 10.04 and 10.05 (obligating the Borrowers to pay the Administrative Agent’s and the Collateral Agent’s expenses
and to indemnify the Administrative Agent and the Collateral Agent) that refer to the Administrative Agent and/or the Collateral Agent
shall inure to the benefit of such Incremental Arranger and all references therein to the Administrative Agent and/or Collateral Agent
shall be deemed to be references to the Administrative Agent and/or Collateral Agent and/or such Incremental Arranger, as the context
may require. Each Lender and L/C Issuer hereby irrevocably appoints any Incremental Arranger to act on its behalf hereunder and under
the other Loan Documents pursuant to Section 2.14 and designates and authorizes such Incremental Arranger to take such actions on
its behalf under the provisions of this Agreement and each other Loan Document and to exercise such powers and perform such duties as
are expressly delegated to such Incremental Arranger by the terms of this Agreement or any other Loan Document, together with such actions
and powers as are reasonably incidental thereto.

 

Section 9.15.     Intercreditor
Agreement. The Administrative Agent and the Collateral Agent are authorized by the Lenders and other Secured Parties to, to the extent
required by the terms of the Loan Documents, (i) enter into the ABL Intercreditor Agreement and any other intercreditor agreement
contemplated by this Agreement, (ii) enter into any Collateral Document, or (iii) make or consent to any filings or take any
other actions in connection therewith (and any amendments, amendments and restatements, restatements or waivers of or supplements to
or other modifications to, such agreements in connection with the incurrence by any Loan Party of any Indebtedness of such Loan Party
that is permitted to be secured pursuant to Sections 7.01 and 7.02 of this Agreement, in order to permit such Indebtedness to be secured
by a valid, perfected lien on the Collateral (with such priority as may be designated by such Loan Party, to the extent such priority
is permitted by the Loan Documents)), and the parties hereto acknowledge that the ABL Intercreditor Agreement, any other intercreditor
agreement, Collateral Document, consent, filing or other action will be binding upon them. Each Lender and other Secured Party (a) understands,
acknowledges and agrees that Liens will be created on Collateral pursuant to the First Lien Loan Documents and the Second Lien Loan Documents,
which Liens shall be subject to the terms and conditions of the ABL Intercreditor Agreement, (b) hereby agrees that it will be bound
by and will take no actions contrary to the provisions of the ABL Intercreditor Agreement or any other intercreditor agreement (if entered
into) and (c) hereby authorizes and instructs the Administrative Agent and the Collateral Agent to enter into the ABL Intercreditor
Agreement and any other intercreditor agreement contemplated by this Agreement or Collateral Document (and any amendments, amendments
and restatements, restatements or waivers of or supplements to or other modifications to, such agreements in connection with the incurrence
by any Loan Party of any Indebtedness of such Loan Party that is permitted to be secured pursuant to Sections 7.01 and 7.02 of this Agreement,
in order to permit such Indebtedness to be secured by a valid, perfected lien on the Collateral (with such priority as may be designated
by such Loan Party, to the extent such priority is permitted by the Loan Documents)), and to subject the Liens on the Collateral securing
the Obligations to the provisions thereof.

 

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Section 9.16.     Withholding
Tax. To the extent required by any applicable law, the Administrative Agent may withhold from any payment to any Lender an amount
equivalent to any applicable withholding Tax. Without limiting or expanding the provisions of Section 3.01, each Lender shall indemnify
the Administrative Agent against, and shall make payable in respect thereof within 30 days after demand therefor, any and all Taxes and
any and all related losses, claims, liabilities and expenses (including fees, charges and disbursements of any counsel for the Administrative
Agent) incurred by or asserted against the Administrative Agent by the U.S. Internal Revenue Service or any other Governmental Authority
as a result of the failure of the Administrative Agent to properly withhold tax from amounts paid to or for the account of any Lender
for any reason (including, without limitation, because the appropriate form was not delivered or not property executed, or because such
Lender failed to notify the Administrative Agent of a change in circumstance that rendered the exemption from, or reduction of withholding
tax ineffective). 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 this Agreement or any other Loan Document against any amount due the Administrative Agent under
this paragraph. The agreements in this paragraph shall survive the resignation and/or replacement of the Administrative Agent, any assignment
of rights by, or the replacement of, a Lender and the repayment, satisfaction or discharge of all other obligations under any Loan Document.

 

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Section 9.17.     Certain
ERISA Matters.

 

(a)            Each
Lender (x) represents and warrants, as of the date such Person became a Lender party hereto to, and (y) covenants, from the
date such Person became a Lender party hereto until 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 Borrower or any other Loan Party, that at least one of the following is and will be true:

 

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

 

(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 Commitments, the Letters of Credit and this Agreement,

 

(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 Commitments, the Letters of Credit and this Agreement, (C) the entrance into, participation
in, administration of and performance of the Loans, the Commitments, the Letters of Credit and this Agreement satisfies the requirements
of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements
of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in,
administration of and performance of the Loans, the Commitments, the Letters of Credit and this Agreement, or

 

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

 

(b)            In
addition, unless sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or such Lender has
provided another representation, warranty and covenant as provided in sub-clause (iv) in the immediately preceding clause (a), such
Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants,
from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of,
the Administrative Agent and the Arrangers, and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit
of the Borrower or any other Loan Party, that:

 

(i)            none
of the Administrative Agent, or the Arrangers, or any of their respective Affiliates is a fiduciary with respect to the assets of such
Lender (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),

 

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(ii)           the
Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in, administration of
and performance of the Loans, the Commitments, the Letters of Credit and this Agreement is independent (within the meaning of 29 CFR
 § 2510.3-21) and is a bank, an insurance carrier, an investment adviser, a broker-dealer or other person that holds, or has under
management or control, total assets of at least $50,000,000, in each case as described in 29 CFR § 2510.3-21(c)(1)(i)(A)-(E),

 

(iii)          the
Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in, administration of
and performance of the Loans, the Commitments, the Letters of Credit and this Agreement is capable of evaluating investment risks independently,
both in general and with regard to particular transactions and investment strategies (including in respect of the Obligations),

 

(iv)          the
Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in, administration of
and performance of the Loans, the Letters of Credit, the Commitments and this Agreement is a fiduciary under ERISA or the Code, or both,
with respect to the Loans, the Letters of Credit, the Commitments and this Agreement and is responsible for exercising independent judgment
in evaluating the transactions hereunder, and

 

(v)           no
fee or other compensation is being paid directly to the Administrative Agent, or the Arrangers or any their respective Affiliates for
investment advice (as opposed to other services) in connection with the Loans, the Letters of Credit, the Commitments or this Agreement.

 

(c)            The
Administrative Agent and the Arrangers hereby inform the Lenders that each such Person is not undertaking to provide impartial investment
advice, or to give advice in a fiduciary capacity, in connection with the transactions contemplated hereby, and that such Person has
a financial interest in the transactions contemplated hereby in that such Person or an Affiliate thereof (i) may receive interest
or other payments with respect to the Loans, the Letters of Credit, the Commitments and this Agreement, (ii) may recognize a gain
if it extended the Loans, the Letters of Credit or the Commitments for an amount less than the amount being paid for an interest in the
Loans, the Letters of Credit or the Commitments by such Lender or (iii) may receive fees or other payments in connection with the
transactions contemplated hereby, the Loan Documents or otherwise, including structuring fees, commitment fees, arrangement fees, facility
fees, upfront fees, underwriting fees, ticking fees, agency fees, administrative agent or collateral agent fees, utilization fees, minimum
usage fees, letter of credit fees, fronting fees, deal-away or alternate transaction fees, amendment fees, processing fees, term out
premiums, banker’s acceptance fees, breakage or other early termination fees or fees similar to the foregoing.

 

Section 9.18.     Erroneous
Payments.

 

(a)            If
the Administrative Agent (x) notifies a Lender, L/C Issuer or Secured Party, or any Person who has received funds on behalf of a
Lender, L/C Issuer or Secured Party (any such Lender, L/C Issuer, Secured Party or other recipient (and each of their respective successors
and assigns), a “Payment Recipient”) that the Administrative Agent has determined in its sole discretion (whether
or not after receipt of any notice under immediately succeeding clause (b)) that any funds (as set forth in such notice from the Administrative
Agent) received by such Payment Recipient from the Administrative Agent or any of its Affiliates were erroneously or mistakenly transmitted
to, or otherwise erroneously or mistakenly received by, such Payment Recipient (whether or not known to such Lender, L/C Issuer, Secured
Party or other Payment Recipient on its behalf) (any such funds, whether transmitted or received as a payment, prepayment or repayment
of principal, interest, fees, distribution or otherwise, individually and collectively, an “Erroneous Payment”) and
(y) demands in writing the return of such Erroneous Payment (or a portion thereof), such Erroneous Payment shall at all times remain
the property of the Administrative Agent pending its return or repayment as contemplated below in this Section 9.18 and such Lender,
L/C Issuer or Secured Party shall (or, with respect to any Payment Recipient who received such funds on its behalf, shall cause such
Payment Recipient to) promptly, but in no event later than two (2) Business Days thereafter (or such later date as the Administrative
Agent may, in its sole discretion, specify in writing), return to the Administrative Agent the amount of any such Erroneous Payment (or
portion thereof) as to which such a demand was made, in same day funds (in the currency so received), together with interest thereon
(except to the extent waived in writing by the Administrative Agent) in respect of each day from and including the date such Erroneous
Payment (or portion thereof) was received by such Payment Recipient to the date such amount is repaid to the Administrative Agent in
same day funds 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 from time to time in effect. A notice of the Administrative Agent to any Payment Recipient
under this clause (a) shall be conclusive, absent manifest error.

 

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(b)            Without
limiting immediately preceding clause (a), each Payment Recipient agrees that if it receives a payment, prepayment or repayment (whether
received as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise) from the Administrative Agent
(or any of its Affiliates) (x) that is in a different amount than, or on a different date from, that specified in this Agreement
or in a notice of payment, prepayment or repayment sent by the Administrative Agent (or any of its Affiliates) with respect to such payment,
prepayment or repayment (a “Payment Notice”), (y) that was not preceded or accompanied by a Payment Notice or
(z) that such Payment Recipient otherwise becomes aware was transmitted, or received, in error or by mistake (in whole or in part),
then in each such case:

 

(i)            it
acknowledges and agrees that (A) in the case of immediately preceding clauses (x) or (y), an error and mistake shall be presumed
to have been made (absent written confirmation from the Administrative Agent to the contrary) or (B) an error and mistake has been
made (in the case of immediately preceding clause (z)), in each case, with respect to such payment, prepayment or repayment; and

 

(ii)           such
Payment Recipient shall (and shall use commercially reasonable efforts to cause any other recipient that receives funds on its respective
behalf to) promptly (and, in all events, within one (1) Business Day of its knowledge of the occurrence of any of the circumstances
described in immediately preceding clauses (x), (y) and (z)) notify the Administrative Agent of its receipt of such payment, prepayment
or repayment, the details thereof (in reasonable detail) and that it is so notifying the Administrative Agent pursuant to this Section 9.18(b).

 

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(c)            For
the avoidance of doubt, the failure to deliver a notice to the Administrative Agent pursuant to this Section 9.18(b) shall
not have any effect on a Payment Recipient’s obligations pursuant to Section 9.18(a) or on whether or not an Erroneous
Payment has been made.

 

(d)            Each
Lender, L/C Issuer or Secured Party hereby authorizes the Administrative Agent to set off, net and apply any and all amounts at any time
owing to such Lender, L/C Issuer or Secured Party under any Loan Document, or otherwise payable or distributable by the Administrative
Agent to such Lender, L/C Issuer or Secured Party under any Loan Document with respect to any payment of principal, interest, fees or
other amounts, against any amount that the Administrative Agent has demanded to be returned under clause (a) above.

 

(i)            In
the event that an Erroneous Payment (or portion thereof) is not recovered by the Administrative Agent for any reason, after demand therefor
in accordance with clause (a) above, from any Lender that has received such Erroneous Payment (or portion thereof) (and/or from
any Payment Recipient who received such Erroneous Payment (or portion thereof) on its respective behalf) (such unrecovered amount, an
 “Erroneous Payment Return Deficiency”), upon the Administrative Agent’s notice to such Lender at any time, then
effective immediately (with the consideration therefor being acknowledged by the parties hereto), (A) such Lender shall be deemed
to have assigned its Loans (but not its Commitments) with respect to which such Erroneous Payment was made (the “Erroneous Payment
Impacted Class”) in an amount equal to the Erroneous Payment Return Deficiency (or such lesser amount as the Administrative
Agent may specify) (such assignment of the Loans (but not Commitments) of the Erroneous Payment Impacted Class, the “Erroneous
Payment Deficiency Assignment”) (on a cashless basis and such amount calculated at par plus any accrued and unpaid interest
(with the assignment fee to be waived by the Administrative Agent in such instance)), and is hereby (together with the Borrowers) deemed
to execute and deliver an Assignment and Assumption (or, to the extent applicable, an agreement incorporating an Assignment and Assumption
by reference) with respect to such Erroneous Payment Deficiency Assignment, and such Lender shall deliver any Notes evidencing such Loans
to the Borrowers or the Administrative Agent (but the failure of such Person to deliver any such Notes shall not affect the effectiveness
of the foregoing assignment), (B) the Administrative Agent as the assignee Lender shall be deemed to have acquired the Erroneous
Payment Deficiency Assignment, (C) upon such deemed acquisition, the Administrative Agent as the assignee Lender shall become a
Lender, as applicable, hereunder with respect to such Erroneous Payment Deficiency Assignment and the assigning Lender shall cease to
be a Lender, as applicable, hereunder with respect to such Erroneous Payment Deficiency Assignment, excluding, for the avoidance of doubt,
its obligations under the indemnification provisions of this Agreement and its applicable Commitments which shall survive as to such
assigning Lender, (D) the Administrative Agent and the Borrowers shall each be deemed to have waived any consents required under
this Agreement to any such Erroneous Payment Deficiency Assignment, and (E) the Administrative Agent will reflect in the Register
its ownership interest in the Loans subject to the Erroneous Payment Deficiency Assignment. For the avoidance of doubt, no Erroneous
Payment Deficiency Assignment will reduce the Commitments of any Lender and such Commitments shall remain available in accordance with
the terms of this Agreement.

 

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(ii)            Subject
to Section 10.07 (but excluding, in all events, any assignment consent or approval requirements (whether from the Borrowers or otherwise)),
the Administrative Agent may, in its discretion, sell any Loans acquired pursuant to an Erroneous Payment Deficiency Assignment and upon
receipt of the proceeds of such sale, the Erroneous Payment Return Deficiency owing by the applicable Lender shall be reduced by the
net proceeds of the sale of such Loan (or portion thereof), and the Administrative Agent shall retain all other rights, remedies and
claims against such Lender (and/or against any recipient that receives funds on its respective behalf). In addition, an Erroneous Payment
Return Deficiency owing by the applicable Lender (x) shall be reduced by the proceeds of prepayments or repayments of principal
and interest, or other distribution in respect of principal and interest, received by the Administrative Agent on or with respect to
any such Loans acquired from such Lender pursuant to an Erroneous Payment Deficiency Assignment (to the extent that any such Loans are
then owned by the Administrative Agent) and (y) may, in the sole discretion of the Administrative Agent, be reduced by any amount
specified by the Administrative Agent in writing to the applicable Lender from time to time.

 

(e)            Each
party hereto agrees that, except to the extent that the Administrative Agent has sold any Loans acquired pursuant to an Erroneous Payment
Deficiency Assignment, and irrespective of whether the Administrative Agent may be equitably subrogated, the Administrative Agent shall
be contractually subrogated to all the rights and interests of the applicable Payment Recipient with respect to the Erroneous Payment
Return Deficiency.

 

(f)              To
the extent permitted by applicable Law, no Payment Recipient shall assert any right or claim to an Erroneous Payment, and hereby waives,
and is deemed to waive, any claim, counterclaim, defense or right of set-off or recoupment with respect to any demand, claim or counterclaim
by the Administrative Agent for the return of any Erroneous Payment received, including, without limitation, any defense based on “discharge
for value” or any similar doctrine.

 

(g)            Each
party’s obligations, agreements and waivers under this Section 9.18 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 Commitments and/or
the repayment, satisfaction or discharge of all Obligations (or any portion thereof) under any Loan Document.

 

(h)            This
Section 9.18 shall not apply to the disbursement of any proceeds of a Loan to or at the express direction of the Borrowers, unless
otherwise expressly agreed in writing by the Borrower Representative, and no Erroneous Payment shall, constitute, create, increase or
otherwise alter any Obligations of the Loan Parties under the Loan Documents or otherwise.

 

(i)            In
addition, (i) no payment of Obligations made in accordance with this Agreement with funds received by the Administrative Agent from
the Borrowers or any other Loan Party for the purpose of satisfying such Obligations shall constitute an Erroneous Payment, unless otherwise
expressly agreed in writing by the Borrower Representative and (ii) without limiting clause (e) above, notwithstanding anything
to the contrary herein or in any other Loan Document, neither the Borrowers nor any other Loan Party shall have any liability for any
actions or inactions of any Payment Recipient, including any failure by any Payment Recipient to comply with the above provisions of
this Section 9.18, and the Administrative Agent expressly agrees, on behalf of itself and its Affiliates, that, notwithstanding
anything in Section 10.05 to the contrary, no Loan Party shall have any liability for losses, claims, damages, liabilities and expenses
(including attorneys’ fees) arising out of, resulting from or in connection with any such actions or inactions of any Payment Recipient
in respect of any Erroneous Payment. Notwithstanding anything to the contrary in this Section 9.18 or in any other Loan Document,
the Borrowers and the Loan Parties shall have no obligations, liabilities or responsibilities for any actions, consequences or remediation
(including the repayment or recovery of any amounts) contemplated by this Section 9.18 (and, for the avoidance of doubt, it is understood
and agreed that if a Loan Party has paid principal, interest or any other amounts owed pursuant to a Loan Document, nothing in this Section 9.18
(or Section 10.05 (or any equivalent provision) in connection therewith) shall require any such Loan Party to pay additional amounts
that are duplicative of such previously paid amounts).

 

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Article X

Miscellaneous

 

Section 10.01.     Amendments,
Etc. Except as otherwise expressly set forth in this Agreement or the applicable Loan Document, no amendment or waiver of any provision
of this Agreement or any other Loan Document, and no consent to any departure by any Borrower or any other Loan Party therefrom, shall
be effective unless in writing signed by the Required Lenders (or by the Administrative Agent at the instruction of the Required Lenders)
and the Borrowers or the applicable Loan Party, as the case may be, and acknowledged by the Administrative Agent to the extent the Administrative
Agent is not a Defaulting Lender, and each such amendment, waiver or consent shall be effective only in the specific instance and for
the specific purpose for which given; provided, however, that no such amendment, waiver or consent shall:

 

(a)            extend
or increase the Commitment of any Lender, or reinstate the Commitment of any Lender after the termination of such Commitment pursuant
to Section 8.02, in each case without the written consent of such Lender (it being understood that a waiver of any condition precedent
set forth in Section 4.02 or the waiver of (or amendment to the terms of) any Default or Event of Default, mandatory prepayment
or mandatory reduction of the Commitments shall not constitute an extension or increase of any Commitment of any Lender);

 

(b)            postpone
any date scheduled for, or reduce the amount of, any payment of principal of, or interest on, any Loan or L/C Borrowing or any fees or
other amounts payable hereunder, without the written consent of each Lender directly and adversely affected thereby (and subject to such
further requirements as may be applicable thereto under the last two paragraphs of this Section 10.01), it being understood that
the waiver of any obligation to pay interest at the Default Rate shall not constitute a postponement of any date scheduled for the payment
of principal, interest or fees;

 

(c)            reduce
the principal of, or the rate of interest specified herein on, or change the currency of, any Loan or L/C Borrowing (it being understood
that a waiver of any Default or Event of Default or mandatory prepayment shall not constitute a reduction or forgiveness of principal),
or any fees or other amounts payable hereunder or under any other Loan Document without the written consent of each Lender directly and
adversely affected thereby, it being understood that any change to the definitions of Excess Availability or in the component definitions
thereof shall not constitute a reduction in any rate of interest or any fees based thereon; provided, however, that only
the consent of the Required Lenders shall be necessary to amend the definition of “Default Rate” or to waive any obligation
of the Borrowers to pay interest at the Default Rate;

 

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(d)            modify
the provisions of Section 2.05(a), 2.12(a), 2.13 or 8.04 in a manner that would by its terms alter the pro rata sharing or application
of payments required thereby without the written consent of each Lender directly and adversely affected thereby;

 

(e)            change
any provision of this Section 10.01 (other than the last two paragraphs of this Section), or the definition of Required Lenders
or Supermajority Lenders, or any other provision hereof specifying the number or percentage of Lenders or portion of the Loans or Commitments
required to amend, waive or otherwise modify any rights hereunder or make any determination or grant any consent hereunder (other than
amendments with respect to extensions of maturity, which shall only require the written consent of each Lender directly and adversely
affected thereby), without the written consent of each Lender;

 

(f)            other
than in a transaction permitted under Section 7.03 or Section 7.04, release all or substantially all of the Liens on the Collateral
in any transaction or series of related transactions, without the written consent of each Lender;

 

(g)            other
than in a transaction permitted under Section 7.03 or Section 7.04, release all or substantially all of the aggregate value
of the Guaranty, or all or substantially all of the Guarantors, without the written consent of each Lender;

 

(h)           change
the definition of the terms “Excess Availability” or “Borrowing Base”, or any component definition used therein
(including the definitions of “Eligible Accounts Receivable,” “Eligible Government Accounts Receivable”, “Eligible
Government Subcontract Accounts Receivable”, “Eligible Unbilled Accounts Receivable” and “Eligible Inventory”)
if, as a result thereof, the amounts available to be borrowed by the Borrowers would be increased without the prior written consent of
the Supermajority Lenders; provided that the foregoing shall not limit the discretion of the Administrative Agent to change, establish
or eliminate any Reserves; or

 

(i)            increase
the percentages set forth in the term “Borrowing Base” or add any new classes of eligible assets thereto without the prior
written consent of the Supermajority Lenders.

 

and provided further that (i) no
amendment, waiver or consent shall, unless in writing and signed by an L/C Issuer in addition to the Borrowers and the Lenders required
above, affect the rights or duties of such L/C Issuer, in its capacity as such, under this Agreement or any Letter of Credit Application
or other 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 Administrative Agent, the Collateral Agent in their respective capacities as such, in addition to
the Borrowers and the Lenders required above, affect the rights or duties of, or any fees or other amounts payable to, the Administrative
Agent under this Agreement or any other Loan Document; and (iii) Section 10.07(g) may not be amended, waived or otherwise
modified without the consent of each Granting Lender all or any part of whose Loans are being funded by an SPC at the time of such amendment,
waiver or other modification. Notwithstanding anything to the contrary herein, any amendment, modification, waiver or other action 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) no amendment, waiver or consent relating to Section 10.01(a), (b) or (c) may
be effected, in each case without the consent of such Defaulting Lender and (y) any amendment, modification, waiver or other action
that by its terms adversely affects any Defaulting Lender in its capacity as a Lender in a manner that differs in any material respect
from, and is more adverse to such Defaulting Lender than it is to, other affected Lenders shall require the consent of such Defaulting
Lender. Notwithstanding anything to the contrary herein, any waiver, amendment, modification or consent in respect of this Agreement
or any other Loan Document that by its terms affects the rights or duties under this Agreement or any other Loan Document of Lenders
holding Loans or Commitments may be effected by an agreement or agreements in writing entered into by the Borrowers and the requisite
percentage in interest of the Lenders that would be required to consent thereto under this Section 10.01 if such Lenders were the
only Lenders hereunder at the time.

 

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This Section 10.01 shall
be subject to any contrary provision of Section 2.14. In addition, notwithstanding anything else to the contrary contained in this
Section 10.01, (a) amendments and modifications in connection with the transactions provided for by Section 2.14 that
benefit existing Lenders may be effected without such Lenders’ consent, (b) if the Administrative Agent and the Borrowers
shall have jointly identified an obvious error or any error, ambiguity or omission, defect or inconsistency of a technical nature, in
each case, in any provision of the Loan Documents, then the Administrative Agent and the Borrowers shall be permitted to amend such provision
and (c) the Administrative Agent and the Borrowers shall be permitted to amend any provision of any Collateral Document, the Guaranty,
or enter into any new agreement or instrument, to be consistent with this Agreement and the other Loan Documents or as required by local
law to give effect to any guaranty, or to give effect to or to protect any security interest for the benefit of the Secured Parties,
in any property so that the security interests comply with applicable Law, and in each case, such amendments, documents and agreements
shall become effective without any further action or consent of any other party to any Loan Document if in the case of amendments contemplated
by clause (b) the same is not objected to in writing by the Required Lenders within five Business Days following receipt of notice
thereof.

 

Notwithstanding anything
to the contrary herein, at any time and from time to time, upon notice to the Administrative Agent (who shall promptly notify the applicable
Lenders) specifying in reasonable detail the proposed terms thereof, the Borrowers may make one or more loan modification offers to (i) all
of the specified Lenders of any Facility that would, if and to the extent accepted by any such Lender (each, an “Accepting Lender”),
(a) extend the scheduled Maturity Date and any amortization of the Loans and Commitments under such Facility and/or change the Applicable
Rate and/or fees payable with respect to the Loans and Commitments under such Facility (in each case solely with respect to the Loans
and Commitments of Accepting Lenders in respect of which an acceptance is delivered) and (b) treat the Loans and Commitments so
modified as a new “Facility” for all purposes under this Agreement; provided that (x) such loan modification
offer is made to each Lender offered on the same terms and subject to the same procedures as are applicable to all other Lenders under
such Facility (which procedures in any case shall be reasonably satisfactory to the Administrative Agent) and (y) no loan modification
shall affect the rights or duties of, or any fees or other amounts payable to, the Administrative Agent or any L/C Issuer, without its
prior written consent or (ii) the specified Lenders of any Facility that would, if and to the extent accepted by any Accepting Lender,
(a) extend the scheduled Maturity Date and any amortization of the Loans and Commitments under such Facility and, if applicable,
change the Applicable Rate and/or fees payable with respect to the Loans and Commitments under such Facility (in each case solely with
respect to the Loans and Commitments of accepting Lenders in respect of which an acceptance is delivered) and (b) treat the Loans
and Commitments so modified as a new “Facility” for all purposes under this Agreement; provided that (w) in no
event shall such extended Loans and Commitments (1) have covenants that are more restrictive to the Borrowers than the terms applicable
to the non-extended Loans and Commitments of the original Facility from which such Loans and Commitments are extended (the “Non-Extended
Loans and Commitments”), (2) have a higher Applicable Rate and/or fees than the Non-Extended Loans and Commitments or
(3) receive a greater than ratable share of any optional or mandatory prepayments than such Non-Extended Loans and Commitments,
in each case, prior to the final maturity date of such Non-Extended Loans and Commitments applicable at the time of such loan modification,
(x) such loan modification offer is made to the Accepting Lenders under the applicable Facility on the same terms and subject to
the same procedures as are applicable to all other Accepting Lenders under such Facility (which procedures in any case shall be reasonably
satisfactory to the Administrative Agent), (y) if the aggregate principal amount of Revolving Credit Commitments in respect of which
Lenders shall have accepted the relevant loan modification offer shall exceed the maximum aggregate principal amount of Revolving Credit
Commitments of such Accepting Lenders, subject to the loan modification offer, then the Revolving Credit Commitments of the Lenders of
the applicable Facility who were not provided with the opportunity to extend their Revolving Credit Commitments may have their Revolving
Credit Commitments terminated on a non-ratable basis up to such maximum amount based on the respective principal amounts with respect
to which the Accepting Lenders have accepted such loan modification offer and (z) no loan modification shall affect the rights or
duties of, or any fees or other amounts payable to, the Administrative Agent or any L/C Issuer, without its prior written consent.

 

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In connection with any such
loan modification offer, the Borrowers and each accepting Lender shall execute and deliver to the Administrative Agent such agreements
and other documentation as the Administrative Agent shall reasonably specify to evidence the acceptance of the applicable loan modification
offer and the terms and conditions thereof, and this Agreement and the other Loan Documents shall be amended in a writing (which may
be executed and delivered by the Borrowers and the Administrative Agent and shall be effective only with respect to the applicable Loans
and Commitments of Lenders that shall have accepted the relevant loan modification offer (and only with respect to Loans and Commitments
as to which any such Lender has accepted the loan modification offer)) to the extent necessary or appropriate, in the judgment of the
Administrative Agent, to reflect the existence of, and to give effect to the terms and conditions of, the applicable loan modification
(including the addition of such modified Loans and/or Commitments as a “Facility” hereunder). No Lender shall have any obligation
whatsoever to accept any loan modification offer, and may reject any such offer in its sole discretion. On the effective date of any
loan modification applicable to the Revolving Credit Facility, the Borrowers shall prepay any Revolving Credit Loans or L/C Advances
(to the extent participated to Revolving Credit Lenders) outstanding on such effective date (and pay any additional amounts required
pursuant to Section 3.06) to the extent necessary to keep the outstanding Revolving Credit Loans or L/C Advances (to the extent
participated to Revolving Credit Lenders), as the case may be, ratable with any revised Pro Rata Share of a Revolving Credit Lender in
respect of the Revolving Credit Facility arising from any non-ratable loan modification to the Revolving Credit Commitments under this
Section 10.01. Notwithstanding the foregoing, no modification referred to above shall become effective unless the Administrative
Agent, to the extent reasonably requested by the Administrative Agent, shall have received legal opinions, board resolutions, officers’
certificates and/or reaffirmation agreements consistent with those delivered on the Closing Date under Section 4.01 or delivered
from time to time pursuant to Section 6.12, Section 6.14 and/or Section 6.16 with respect to Holdings and the Borrowers,
all material Subsidiary Guarantors and each other Subsidiary Guarantor that is organized in a jurisdiction for which local counsel to
the Administrative Agent in such jurisdiction advises that such deliveries are reasonably necessary to preserve the Collateral in such
jurisdiction.

 

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Section 10.02.       Notices;
Electronic Communications.

 

(a)            General.
Unless otherwise expressly provided herein, all notices and other communications provided for herein shall be in writing and shall be
delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopier as follows, and all notices
and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as
follows:

 

(i)            if
to Holdings, any other Loan Party, the Administrative Agent, the Collateral Agent or an L/C Issuer, to the address, telecopier number,
electronic mail address or telephone number specified for such Person on Schedule 10.02 or to such other address, telecopier number,
electronic mail address or telephone number as shall be designated by such party in a notice to the other parties hereto, as provided
in Section 10.02(d); and

 

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

 

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 telecopier shall be deemed to have been given when sent (except that, if not given during normal
business hours for the recipient, shall be deemed to have been given at the opening of business on the next Business Day for the recipient).
Notices 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 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 any L/C Issuer pursuant to Article II if such Lender or such
L/C Issuer, as applicable, has notified the Administrative Agent that it is incapable of receiving, or is unwilling to receive, notices
under Article II by electronic communication. The Administrative Agent or the Borrowers may, in their discretion, agree to accept
notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided
that approval of such procedures may be limited to particular notices or communications.

 

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Unless the Administrative
Agent otherwise prescribes (with the Borrowers’ consent), (i) notices and other communications sent to an e-mail address shall
be deemed received upon the sender’s receipt of an acknowledgment from the intended recipient (such as by the “return receipt
requested” function, as available, return e-mail or other written acknowledgement); provided that 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, and (ii) notices or communications posted to an Internet
or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in
the foregoing clause (i) of notification that such notice or communication is available and identifying the website address therefor.

 

(c)            The
Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT-RELATED PERSONS DO NOT WARRANT
THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN
OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF
MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS
MADE BY ANY AGENT-RELATED PERSON IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall any Agent-Related Person
have any liability to any Loan Party or any of their respective Subsidiaries, any Lender, any 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 the Borrowers’ 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 non-appealable judgment to have resulted
from the gross negligence, bad faith or willful misconduct of such Agent-Related Person; provided, however, that in no
event shall any Agent-Related Person have any liability to any Loan Party or any of their respective Subsidiaries, any Lender, any L/C
Issuer or any other Person for indirect, special, incidental, consequential or punitive damages (as opposed to direct or actual damages).

 

(d)            Change
of Address, Etc. Each of Holdings, the Borrowers, the Guarantors, the Administrative Agent, the Collateral Agent and each L/C Issuer
may change its address, telecopier, telephone number or electronic mail address for notices and other communications hereunder by notice
to the other parties hereto. Each other Lender may change its address, telecopier, telephone number or electronic mail address for notices
and other communications hereunder by notice to the Borrowers, the Administrative Agent and each L/C Issuer. In addition, each Lender
agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record (i) an effective
address, contact name, telephone number, telecopier number and electronic mail address to which notices and other communications may
be sent and (ii) accurate wire instructions for such Lender. Furthermore, each Public Lender agrees to cause at least one individual
at or on behalf of such Public Lender to at all times have selected the “Private Side Information” or similar designation
on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with such Public
Lender’s compliance procedures and applicable Law, including foreign and 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 Borrowers or their securities for purposes of foreign and United
States federal or state securities laws.

 

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(e)            Reliance
by Administrative Agent, Collateral Agent, L/C Issuer and Lenders. The Administrative Agent, the Collateral Agent, the L/C Issuers
and the Lenders shall be entitled to rely and act upon any notices (including telephonic Committed Loan Notices) purportedly given by
or on behalf of the Borrowers 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 except to the extent such reliance is deemed to be gross negligence, bad faith or willful misconduct of the
Administrative Agent, Collateral Agent, L/C Issuer or Lender in a final non-appealable judgment of a court of competent jurisdiction.
The Borrowers shall indemnify the Administrative Agent, the Collateral Agent, each 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 the Borrowers to the extent required by Section 10.05. 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.

 

Section 10.03.     No
Waiver; Cumulative Remedies; Enforcement.

 

(a)            No
failure by any Lender, any L/C Issuer, the Administrative Agent or the Collateral 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 provided hereunder and under
each other Loan Document, are cumulative and not exclusive of any rights, remedies, powers and privileges provided by Law.

 

(b)            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 or the Collateral Agent
in accordance with Section 8.02 for the benefit of all the Lenders and the L/C Issuers; provided, however, that the
foregoing shall not prohibit (a) the Administrative Agent or the Collateral Agent from exercising on its own behalf the rights and
remedies that inure to its benefit (solely in its capacity as the Administrative Agent or the Collateral Agent) hereunder and under the
other Loan Documents, (b) each L/C Issuer from exercising the rights and remedies that inure to its benefit (solely in its capacity
as an L/C Issuer) hereunder and under the other Loan Documents, or (c) any Lender from exercising setoff rights in accordance with
Section 10.09 (subject to the terms of Section 2.13); and provided further, that if at any time there is no Person acting
as Administrative Agent hereunder and under the other Loan Documents, then (i) the Required Lenders shall have the rights otherwise
ascribed to the Administrative Agent pursuant to Section 8.02 and (ii) in addition to the matters set forth in clauses (b) and
(c) of the preceding proviso and subject to Section 2.13, any Lender may, with the consent of the Required Lenders, enforce
any rights and remedies available to it and as authorized by the Required Lenders. In the event of a foreclosure by the Collateral Agent
on any of the Collateral pursuant to a public or private sale, the Administrative Agent, the Collateral Agent or any Lender (or any person
nominated by them) may be the purchaser of any or all of such Collateral at any such sale and the Administrative Agent, as agent for
and representative of the Lenders (but not any Lender or Lenders in its or their respective individual capacities unless the Required
Lenders shall otherwise agree in writing), shall be entitled, for the purpose of bidding and making settlement or payment of the purchase
price for all or any portion of the Collateral sold in any such public sale, to use and apply any of the Obligations as a credit on account
of the purchase price for any Collateral payable by the Administrative Agent at such sale.

 

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Section 10.04.     Expenses.
Each Borrower agrees, with respect to such Borrower’s Obligations (a) to pay or reimburse the Administrative Agent and the
other Agents for all reasonable and documented out-of-pocket costs and expenses incurred in connection with the preparation, negotiation,
syndication and execution of this Agreement and the other Loan Documents (including reasonable expenses incurred in connection with due
diligence and travel, courier, reproduction, printing and delivery expenses), and any amendment, waiver, consent or other modification
of the provisions hereof and thereof, and the consummation and administration of the transactions contemplated hereby and thereby, including
the reasonable fees, disbursements and other charges of counsel (limited to the reasonable and documented fees, disbursements and other
charges of one primary counsel to the Agents and, if necessary, one local counsel in each relevant jurisdiction (which may include a
single special counsel acting in multiple jurisdictions) and special counsel for each relevant specialty, in each case, in jurisdictions
material to the interests of the Lenders), and (b) to pay or reimburse the Administrative Agent, the other Agents and each Lender
(including, for the avoidance of doubt, each L/C Issuer) for all reasonable documented out-of-pocket costs and expenses incurred in connection
with the enforcement of any rights or remedies under this Agreement or the other Loan Documents (including all such costs and expenses
incurred during any legal proceeding, including any proceeding under any Debtor Relief Law or in connection with any workout or restructuring),
including the fees, disbursements and other charges of counsel (limited to the reasonable fees, disbursements and other charges of one
counsel to the Administrative Agent, the other Agents and the Lenders taken as a whole, and, if necessary, of one local counsel in each
relevant jurisdiction (which may include a single special counsel acting in multiple jurisdictions) and of special counsel for each relevant
specialty, in each case, in jurisdictions material to the interests of the Lenders and, in the event of any actual or perceived conflict
of interest, one additional counsel in each relevant jurisdiction for each Lender or group of similarly affected Lenders or Agents subject
to such conflict after notification to the Borrowers). The foregoing costs and expenses shall include all reasonable search, filing,
recording, title insurance and appraisal charges and fees and taxes related thereto, and other out-of-pocket expenses incurred by any
Agent. All amounts due under this Section 10.04 shall be paid within 30 days after invoiced or demand therefor (with a reasonably
detailed invoice with respect thereto) (except for any such costs and expenses incurred prior to the Closing Date, which shall be paid
on the Closing Date to the extent invoiced at least three Business Days prior to the Closing Date). The agreements in this Section 10.04
shall survive the termination of the Aggregate Commitments and repayment of all other Obligations. If any Loan Party fails to pay when
due any costs, expenses or other amounts payable by it hereunder or under any Loan Document, such amount may be paid on behalf of such
Loan Party by the Administrative Agent after any applicable grace periods have expired, in its sole discretion and the Borrowers shall
immediately reimburse the Administrative Agent, as applicable. This Section 10.04 shall not apply with respect to Taxes other than
any Taxes arising from any non-Tax cost or expense.

 

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Section 10.05.     Indemnification
by the Borrowers. Each Borrower shall, with respect to such Borrower’s Obligations, indemnify and hold harmless each Arranger,
each Agent-Related Person, each Lender, each L/C Issuer, each of their respective Affiliates and each partner, director, officer, employee,
counsel, advisor, controlling person and other representative of the foregoing and, in the case of any funds, trustees and advisors and
attorneys-in-fact (collectively, the “Indemnitees”) from and against (and will reimburse each Indemnitee, as and when
incurred, for) any and all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs (including
settlement costs), disbursements, and reasonable and documented or invoiced out-of-pocket fees and expenses (including the reasonable
and documented fees, disbursements and other charges of (i) one counsel to the Indemnitees taken as a whole, (ii) in the case
of an actual or perceived conflict of interest, where the Indemnitee affected by such conflict informs the Borrowers of such conflict
and thereafter retains its own counsel, of another firm of counsel for each such affected Indemnitee in each relevant jurisdiction material
to the interests of the Lenders, and (iii) if necessary, one local counsel in each jurisdiction material to the interests of the
Indemnitees (which may include a single special counsel acting in multiple jurisdictions) and special counsel for each relevant specialty)
of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted or awarded against any such Indemnitee
in any way relating to or arising out of or in connection with or by reason of (x) any actual or prospective claim, litigation,
investigation or proceeding in any way relating to, arising out of, in connection with or by reason of any of the following, whether
based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened
claim, investigation, litigation or proceeding): (a) the execution, delivery, enforcement, performance or administration of any
Loan Document or any other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the
consummation of the transactions contemplated thereby or (b) any Commitment, 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) or (y) any actual or alleged
presence or Release of Hazardous Materials at, on, under or from any property currently or formerly owned or operated by Holdings or
any of its Subsidiaries, or any Environmental Liability related in any way to Holdings or any of its Subsidiaries, ((x) and (y),
collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee,
be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits,
costs, disbursements, fees or expenses are determined by a court of competent jurisdiction in a final and non-appealable judgment to
have resulted from (A) the bad faith, gross negligence or willful misconduct of such Indemnitee or any of its Affiliates or controlling
persons or any of the officers, directors, employees, agents, advisors, or members of any of the foregoing or (B) any dispute that
is among Indemnitees (other than any dispute involving claims against the Administrative Agent, any Arranger or any other Agent or any
L/C Issuer, in each case in their respective capacities as such) that a court of competent jurisdiction has determined in a final and
non-appealable judgment did not involve actions or omissions of any direct or indirect parent or controlling person of the Borrowers
or its Subsidiaries. No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials
obtained through the Platform or other information transmission systems (including electronic telecommunications) in connection with
this Agreement unless determined by a court of competent jurisdiction in a final and non-appealable judgment to have resulted from the
gross negligence, bad faith or willful misconduct of such Indemnitee, nor shall any Indemnitee or any Loan Party have any liability for
any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or arising out of its
activities in connection herewith or therewith (whether before or after the Closing Date); provided that such waiver of special,
punitive, indirect or consequential damages shall not limit the indemnification obligations of the Borrowers under this Section 10.05.
In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 10.05 applies, such indemnity
shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, shareholders
or creditors or an Indemnitee or any other Person, and whether or not any Indemnitee is otherwise a party thereto. Should any investigation,
litigation or proceeding be settled, or if there is a judgment in any such investigation, litigation or proceeding, the Borrowers shall
indemnify and hold harmless each Indemnitee in the manner set forth above; provided that the Borrowers shall not be liable for
any settlement effected without the Borrowers’ prior written consent (such consent not to be unreasonably withheld, delayed or
conditioned). All amounts due under this Section 10.05 shall be payable within 30 days after demand therefor and may be charged
to the Loan Account. The agreements in this Section 10.05 shall survive the resignation of the Administrative Agent, the replacement
of any Lender, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all the other Obligations.
This Section 10.05 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc.
arising from any non-Tax claim.

 

Section 10.06.         Payments
Set Aside. To the extent that any payment by or on behalf of any Borrower is made to any Agent, to any L/C Issuer or any Lender,
or any Agent, any L/C Issuer or any Lender, in each case in their capacities as such, exercises its right of setoff, and such payment
or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside
or required (including pursuant to any settlement entered into by such Agent, such L/C Issuer or such Lender in its discretion) to be
repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to
the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full
force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender and each 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 any Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal
Funds Rate from time to time in effect. The obligations of the Lenders and the L/C Issuers under clause (b) of the preceding sentence
shall survive the payment in full of the Obligations and the termination of this Agreement.

 

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Section 10.07.         Successors
and Assigns.

 

(a)          The
provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns permitted hereby, except that 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 Eligible Assignee (other than to any Disqualified Institution; provided that the
list of Disqualified Institutions shall be made available to any Lender upon written request) in accordance with the provisions of Section 10.07(b),
(ii) by way of participation in accordance with the provisions of Section 10.07(d), (iii) by way of pledge or assignment
of a security interest subject to the restrictions of Section 10.07(f) or (iv) to an SPC in accordance with the provisions
of Section 10.07(g) (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 Section 10.07(d) and, to the extent expressly contemplated
hereby, the Indemnitees) 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 its rights and obligations under this Agreement (including
all or a portion of its Commitment(s) and the Loans (including for purposes of this Section 10.07(b), participations in L/C
Obligations) at the time owing to it); provided that:

 

(i)              (A) in
the case of 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 under such Facility, no minimum amount shall need be assigned, and (B) in any case not described in clause (b)(i)(A) of
this Section 10.07, the aggregate amount of the Commitment (which for this purpose includes Loans outstanding thereunder) or, if
the applicable Commitment is not then in effect, the outstanding principal 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 $1,000,000,
in the case of any assignment in respect of the Revolving Credit Facility, unless each of the Administrative Agent and, so long as no
Event of Default under Section 8.01(a), (f) or (g) has occurred and is continuing, the Borrowers otherwise consent (such
consent not to be unreasonably withheld, conditioned or delayed); provided, however, that concurrent assignments to members
of an Assignee Group and concurrent assignments from members of an Assignee Group to a single Eligible Assignee (or to an Eligible Assignee
and members of its Assignee Group) will be treated as a single assignment for purposes of determining whether such minimum amount has
been met;

 

(ii)             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 prohibit any Lender from
assigning all or a portion of its rights and obligations among separate Facilities on a non-pro rata basis;

 

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(iii)            no
consent shall be required for any assignment except to the extent required by clause (b)(i)(B) of this Section 10.07 and, in
addition (A) the consent of the Borrowers (such consent not to be unreasonably withheld, conditioned or delayed) shall be required
for any assignment unless (1) an Event of Default under Section 8.01(a), (f) or (g) has occurred and is continuing
at the time of such assignment or (2) such assignment is in respect of the Revolving Credit Facility and is to a Revolving Credit
Lender, an Affiliate of a Revolving Credit Lender or an Approved Fund related to a Revolving Credit Lender (other than to any Disqualified
Institution; provided that the list of Disqualified Institutions shall be made available to any Lender upon written request); provided
that (1) the Borrowers shall be deemed to have consented to any assignment unless the Borrowers object thereto by written notice
to the Administrative Agent within ten Business Days after having received written notice thereof and (2) following the Closing Date,
the Borrowers shall be deemed to have consented to an assignment to any Lender if such Lender was previously identified and approved in
the initial allocations of the Loans and Commitments provided by the Arrangers to the Borrowers, (B) the consent of the Administrative
Agent (such consent not to be unreasonably withheld or delayed) shall be required for any assignment unless such assignment is in respect
of the Revolving Credit Facility and is to a Revolving Credit Lender, an Affiliate of a Revolving Credit Lender or an Approved Fund related
to a Revolving Credit Lender (provided that in each case the Administrative Agent shall acknowledge any such assignment) and (C) the
consent of each L/C Issuer (such consent not to be unreasonably withheld, conditioned or delayed) shall be required for any assignment
in respect of the Revolving Credit Facility.

 

(iv)           the
parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption via an electronic settlement
system acceptable to the Administrative Agent (or, if previously agreed with the Administrative Agent, manually), together with a processing
and recordation fee of $3,500 (except (w) no processing and recordation fee shall be payable in the case of assignments in connection
with the initial syndication of the Facilities, (x) in the case of contemporaneous assignments by any Lender to one or more Approved
Funds, only a single processing and recording fee shall be payable for such assignments, (y) no processing and recordation fee shall
be payable for assignments among Approved Funds or among any Lender and any of its Approved Funds and (z) the Administrative Agent,
in its sole discretion, may elect to waive such processing and recording fee in the case of any assignment). Each Eligible Assignee that
is not an existing Lender shall deliver to the Administrative Agent an Administrative Questionnaire;

 

(v)             no
such assignment shall be made (A) 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 of a Defaulting Lender, (B) to any natural person, (C) to any
Disqualified Institution; provided that the list of Disqualified Institutions shall be made available to any Lender upon written
request, (D) to Holdings, the Borrowers or any of their Subsidiaries or other Affiliates or (E) to the Sponsor or any of its
Affiliates;

 

(vi)           [reserved];

 

(vii)          the
assigning Lender shall deliver any Notes or, in lieu thereof, a lost note affidavit and indemnity reasonably acceptable to the Borrowers
evidencing such Loans to the Borrowers or the Administrative Agent; and

 

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(viii)         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 Borrowers 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 or any L/C Issuer or Lender hereunder (and interest accrued
thereon) and (y) acquire (and fund as appropriate) its full Pro Rata share of all Loans and participations in Letters of Credit in
accordance with its Pro Rata Share; provided that 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, 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 Section 10.07(c), from and after the effective date specified in each Assignment
and Assumption, the Eligible 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, 10.04 and
10.05 with respect to facts and circumstances occurring prior to the effective date of such assignment, and subject to the obligations
set forth in Section 10.08). Upon request, and the surrender by the assigning Lender of its Note (or, in lieu thereof, a lost note
affidavit and indemnity reasonably acceptable to the Borrowers), 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 (other than any purported assignment
or transfer to a Disqualified Institution; provided that the list of Disqualified Institutions shall be made available to any Lender
upon written request) that does not comply with this clause (b) 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 Section 10.07(d).

 

(c)          The
Administrative Agent, acting solely for this purpose as a non-fiduciary agent of the Borrowers, shall maintain at the Administrative Agent’s
Office a copy of each Assignment and Assumption delivered to it and a register in which it shall record the names and addresses of the
Lenders, and the Commitments of, and principal amounts (and related interest amounts) of the Loans, L/C Obligations (specifying the Unreimbursed
Amounts), L/C Borrowings and amounts due under Section 2.03, 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 Agents
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, notwithstanding notice to the contrary. In addition, the Administrative Agent shall maintain on the Register
information regarding the designation, and revocation of designation, of any Lender as Defaulting Lender. The Register shall be available
for inspection by the Borrowers, any Agent and any Lender (but only to entries with respect to itself), at any reasonable time and from
time to time upon reasonable prior notice. This Section 10.07(c) and Section 2.11 shall be construed so that all Loans
are at all times maintained in “registered form” within the meaning of Sections 163(f), 871(h)(2) and 881(c)(2) of
the Code and any related Treasury regulations (or any other relevant or successor provisions of the Code or of such Treasury regulations).

 

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(d) 
          Any Lender may at any time, without the consent of, or, subject to clause (iv) below,
notice to, the Borrowers, the Administrative Agent or the L/C Issuers, sell participations to any Person (other than a natural
person, Holdings, the Borrowers or any of their Subsidiaries or other Affiliates, the Sponsor or any of its Affiliates, a Person
that the Administrative Agent has identified in a notice to the Lenders as a Defaulting Lender or a Disqualified Institution; provided
that the list of Disqualified Institutions shall be made available to any Lender upon written request) (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)
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,
(iii) the Borrowers, the Agents and the other Lenders shall continue to deal solely and directly with such Lender in connection
with such Lender’s rights and obligations under this Agreement and (iv) prior to selling any participation in any
Revolving Credit Commitments, such Lender shall have provided the Borrowers with not less than five Business Days’ advance
notice of such sale. 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 the other Loan Documents and to approve any amendment, modification
or waiver of any provision of this Agreement or any other Loan Document; provided that such agreement or instrument may
provide that such Lender will not, without the consent of the Participant, agree to any amendment, waiver or other modification
described in the first proviso to Section 10.01 (in the case of any amendment, waiver or other modification described in clause
(a), (b) or (c) of such proviso, that directly and adversely affects such Participant). Subject to Section 10.07(e),
the Borrowers agree that each Participant shall be entitled to the benefits of Sections 3.01, 3.04 and 3.05 (subject to the
requirements and the limitations of such Sections (it being understood that the documentation required under
Section 3.01(g) shall be delivered solely to the participating Lender) and Section 3.08) to the same extent as if it
were a Lender and had acquired its interest by assignment pursuant to Section 10.07(b). To the extent permitted by law, each
Participant also shall be entitled to the benefits of Section 10.09 as though it were a Lender; provided such
Participant agrees to be subject to Section 2.13 as though it were a Lender.

 

(e)            A
Participant (i) agrees to be subject to the provisions of Sections 3.08 as if it were an assignee pursuant to Section 10.07(b) and
(ii) shall not be entitled to receive any greater payment under Section 3.01, 3.04 or 3.05 than the applicable Lender would
have been entitled to receive with respect to the participation sold to such Participant, except to the extent that a Participant’s
right to a greater payment results from a change in any Law after the Participant becomes a Participant.

 

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(f)            Any
Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement (including under
its Note, if any) (other than to a Disqualified Institution; provided that the list of Disqualified Institutions shall be made
available to any Lender upon written request, or a natural person) to secure obligations of such Lender, including any pledge or assignment
to secure obligations to a Federal Reserve Bank or any central bank having jurisdiction over such Lender; 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)           Notwithstanding
anything to the contrary herein, any Lender (a “Granting Lender”) may grant to a special purpose funding vehicle identified
as such in writing from time to time by the Granting Lender to the Administrative Agent and the Borrowers (an “SPC”)
the option to provide all or any part of any Loan that such Granting Lender would otherwise be obligated to make pursuant to this Agreement;
provided that (i) nothing herein shall constitute a commitment by any SPC to fund any Loan, and (ii) if an SPC elects
not to exercise such option or otherwise fails to make all or any part of such Loan, the Granting Lender shall be obligated to make such
Loan pursuant to the terms hereof or, if it fails to do so, to make such payment to the Administrative Agent as is required under Section 2.12(b).
Each party hereto hereby agrees that an SPC shall be entitled to the benefits of Sections 3.01, 3.04 and 3.05 (subject to the requirements
and the limitations of such Sections and Section 3.08); provided that neither the grant to any SPC nor the exercise by any
SPC of such option shall increase the costs or expenses or otherwise increase or change the obligations of the Borrowers under this Agreement
(including under Section 3.01, 3.04 or 3.05), except to the extent that the SPC’s right to a greater payment results from a
change in any Law after the grant to the SPC takes place. Each party hereto further agrees that (i) no SPC shall be liable for any
indemnity or similar payment obligation under this Agreement for which a Lender would be liable, and (ii) the Granting Lender shall
for all purposes, including the approval of any amendment, waiver or other modification of any provision of any Loan Document, remain
the Lender of record hereunder. Other than as expressly provided in this Section 10.07(g), (A) such Granting Lender’s
obligations under this Agreement shall remain unchanged, (B) such Granting Lender shall remain solely responsible to the other parties
hereto for the performance of such obligations and (C) the Borrowers, the Agents and the other Lenders shall continue to deal solely
and directly with such Granting Lender in connection with such Granting Lender’s rights and obligations under this Agreement. The
making of a Loan by an SPC hereunder shall utilize the Commitment of the Granting Lender to the same extent, and as if, such Loan were
made by such Granting Lender. In furtherance of the foregoing, each party hereto hereby agrees (which agreement shall survive the termination
of this Agreement) that, prior to the date that is one year and one day after the payment in full of all outstanding commercial paper
or other senior debt of any SPC, it will not, other than in respect of matters unrelated to this Agreement or the transactions contemplated
hereby, institute against, or join any other Person in instituting against, such SPC any bankruptcy, reorganization, arrangement, insolvency,
or liquidation proceeding under the laws of the United States or any State thereof. Notwithstanding anything to the contrary contained
herein, any SPC may (i) with notice to, but without prior consent of the Borrowers and the Administrative Agent and with the payment
of a processing fee of $3,500, assign all or any portion of its rights hereunder with respect to any Loan to the Granting Lender and (ii) subject
to Section 10.08, disclose on a confidential basis any non-public information relating to its funding of Loans to any rating agency,
commercial paper dealer or provider of any surety or Guarantee or credit or liquidity enhancement to such SPC.

 

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(h)           Notwithstanding
anything to the contrary herein, any Lender that is a Fund may create a security interest in all or any portion of the Loans owing to
it and the Note, if any, held by it to the trustee for holders of obligations owed, or securities issued, by such Fund as security for
such obligations or securities; provided that unless and until such trustee actually becomes a Lender in compliance with the other
provisions of this Section 10.07, (i) no such pledge shall release the pledging Lender from any of its obligations under the
Loan Documents, and (ii) such trustee shall not be entitled to exercise any of the rights of a Lender under the Loan Documents even
though such trustee may have acquired ownership rights with respect to the pledged interest through foreclosure or otherwise.

 

(i)            [Reserved].

 

(j)            [Reserved].

 

(k)           [Reserved].

 

(l)            Subject
to Section 9.09(b), any L/C Issuer may, upon 30 days’ notice to the Borrowers and the Lenders, resign as L/C Issuer; provided
that on or prior to the expiration of such 30-day period with respect to such resignation, the relevant L/C Issuer shall have identified
a successor L/C Issuer willing to accept its appointment as successor L/C Issuer, and the effectiveness of such resignation shall be conditioned
upon such successor assuming the rights and duties of the L/C Issuer. If an L/C Issuer resigns as L/C Issuer, it shall retain all the
rights and obligations of an L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation
as L/C Issuer and all L/C Obligations with respect thereto (including the right to require the Lenders to make Base Rate Loans or fund
risk participations in Unreimbursed Amounts pursuant to Section 2.03(d)). Upon the appointment of a successor L/C Issuer, (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 (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 the retiring L/C Issuer to effectively assume the obligations of the retiring L/C
Issuer with respect to such Letters of Credit.

 

(m)          The
applicable Lender, acting solely for this purpose as a non-fiduciary agent of the Borrowers (solely for tax purposes), shall maintain
a register on which it enters the name and address of (i) each SPC (other than any SPC that is treated as a disregarded entity of
the Granting Lender for U.S. federal income tax purposes) that has exercised its option pursuant to Section 10.07(g) and (ii) each
Participant, and principal amounts (and stated interest) of each such SPC’s and Participant’s interest in such Lender’s
rights and/or obligations under this Agreement complying with the requirements of Sections 163(f), 871(h) and 881(c)(2) of the
Code and the United States Treasury Regulations (the “Participant Register”); provided that no Lender shall
have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information
relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document)
to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other
obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations and Section 1.163-5(b)(1) of
the proposed United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and
the Borrowers and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of the applicable
rights and/or obligations of such Lender under this Agreement, notwithstanding 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.

 

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(n)           In
the event that a transfer by any of the Secured Parties of its rights and/or obligations under this Agreement (and/or any relevant Loan
Document) occurred or was deemed to occur by way of novation, the Borrowers and any other Loan Parties explicitly agree that all securities
and guarantees created under any Loan Documents shall be preserved for the benefit of the new Lender and the other Secured Parties.

 

Section 10.08.         Confidentiality.
Each of the Agents and the Lenders agrees to maintain the confidentiality of the Information, except that Information may be disclosed
(a) to its Affiliates and to its and its Affiliates’ respective partners, directors, officers, employees, trustees, representatives
and agents, including accountants, legal counsel and other advisors and service providers on a need-to-know basis (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 in accordance with customary practices); (b) to the extent requested by any regulatory authority having
jurisdiction over such Agent, Lender or its respective Affiliates or in connection with any pledge or assignment permitted under clause
(f) below; (c) in any legal, judicial, administrative proceeding or other compulsory process or otherwise as required by applicable
Laws or regulations or by any subpoena or similar legal process, in each case based upon the reasonable advice of the disclosing Agent’s
or Lender’s legal counsel (in which case the disclosing Agent or Lender, as applicable, agrees (except with respect to any audit
or examination conducted by bank accountants or any governmental bank regulatory authority exercising examination or regulatory authority),
to the extent not prohibited by applicable Law, to promptly notify the Borrowers prior to such disclosure); (d) to any other party
to this Agreement; (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action
or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder; (f) subject
to an agreement containing provisions substantially the same (or at least as restrictive) as those of this Section 10.08 (or as
may otherwise be reasonably acceptable to the Borrowers), to any Eligible Assignee of or Participant in, or any prospective Eligible
Assignee of or Participant in, any of its rights or obligations under this Agreement; provided that no such disclosure shall be
made by such Lender or such Agent or any of their respective Affiliates to any such Person that is a Disqualified Institution (but with
respect to any Lender and its Affiliates, only to the extent the list of Disqualified Institutions has been made available to such Lender);
(g) with the written consent of Holdings; (h) to the extent such Information becomes publicly available other than as a result
of a breach of this Section 10.08; (i) to any state, federal or foreign authority or examiner (including the National Association
of Insurance Commissioners or any other similar organization) regulating any Agent or Lender or any Affiliate of any Agent or Lender;
(j) to any rating agency when required by it (it being understood that, prior to any such disclosure, such rating agency shall undertake
to preserve the confidentiality of any Information relating to the Loan Parties received by it from such Agent or Lender); or (k) to
any contractual counterparty (or prospective contractual counterparty) in any swap, hedge, or similar agreement or to any such contractual
counterparty’s (or prospective contractual counterparty’s) professional advisor (other than a Disqualified Institution (but
with respect to any Lender, only to the extent the list of Disqualified Institutions has been made available to such Lender)). In addition,
the Agents and the Lenders may disclose the existence of this Agreement and information about this Agreement to market data collectors,
similar service providers to the lending industry, and service providers to the Agents and the Lenders in connection with the administration
and management of this Agreement, the other Loan Documents, the Commitments, and the Credit Extensions; provided that such Person
is advised and agrees to be bound by the provisions of this Section 10.08.

 

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For the purposes of this Section 10.08,
 “Information” means all information received from (or on behalf of) any Loan Party or any Subsidiary thereof relating
to any Loan Party or any Subsidiary thereof or their respective businesses, other than any such information that is publicly available
to any Agent or any Lender prior to disclosure by any Loan Party other than as a result of a breach of this Section 10.08 by such
Lender or Agent. Any Person required to maintain the confidentiality of Information as provided in this Section 10.08 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 Agent, each Lender and
each L/C Issuer acknowledges that (i) the Information may include material non-public information concerning Holdings or any of its
Subsidiaries, (ii) it has developed compliance procedures regarding the use of material non-public information and (iii) it
will handle such material non-public information in accordance with applicable Law, including foreign and United States federal and state
securities Laws.

 

Section 10.09.         Setoff.
In addition to any rights and remedies of the Lenders provided by Law, upon the occurrence and during the continuance of any Event of
Default, each Secured Party is authorized at any time and from time to time, without prior notice to the Borrowers or any other Loan
Party, any such notice being waived by Holdings (on its own behalf and on behalf of each Loan Party) to the fullest extent permitted
by Law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in any currency), other
than deposits in fiduciary accounts as to which a Loan Party is acting as fiduciary for another Person who is not a Loan Party and other
than payroll or trust fund accounts, at any time held by, and other Indebtedness (in any currency) at any time owing by, such Lender
to or for the credit or the account of the respective Loan Parties against any and all Obligations owing to such Secured Party hereunder
or under any other Loan Document (or other Secured Document (as defined in the Security Agreement)), now or hereafter existing, irrespective
of whether or not such Agent or such Lender shall have made demand under this Agreement or any other Loan Document (or other Secured
Document (as defined in the Security Agreement)) and although such Obligations may be contingent or unmatured or denominated in a currency
different from that of the applicable deposit or Indebtedness or are owed to a branch or office of such Lender different from the branch
or office 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 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. Each Secured Party agrees promptly to notify the Borrowers and the Administrative
Agent after any such set-off and application made by such Secured Party; provided, however, that the failure to give such
notice shall not affect the validity of such setoff and application. The rights of the Administrative Agent and each Secured Party under
this Section 10.09 are in addition to other rights and remedies (including other rights of setoff) that the Administrative Agent
and such Secured Party may have. Notwithstanding anything herein or in any other Loan Document to the contrary, in no event shall the
assets of any Foreign Subsidiary or FSHCO constitute security for, or shall the proceeds of such assets be available for, payment of
the Obligations of the Borrowers, it being understood that the Capital Stock of any Foreign Subsidiary or FSHCO that is directly owned
by the Borrowers or a Domestic Subsidiary of the Borrowers does not constitute such an asset, and may be pledged, to the extent set forth
in Section 6.12 and clause (j) of the definition of “Excluded Property”.

 

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Section 10.10.         Interest
Rate Limitation. Notwithstanding anything to the contrary 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 any 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 any Borrower. In determining whether the interest contracted
for, charged, or received by an 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.

 

Section 10.11.         Counterparts.
This Agreement and each other Loan Document may be executed in one or more counterparts (and by different parties hereto in different
counterparts), each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery
by telecopier or other electronic transmission of an executed counterpart of a signature page to this Agreement and each other Loan
Document shall be effective as delivery of an original executed counterpart of this Agreement and such other Loan Document. The Agents
may also require that any such documents and signatures delivered by telecopier or other electronic transmission be confirmed by a manually-signed
original thereof; provided that the failure to request or deliver the same shall not limit the effectiveness of any document or
signature delivered by telecopier or other electronic transmission.

 

Section 10.12.         Integration;
Effectiveness. This Agreement and the other Loan Documents, and those provisions of the Commitment Letter (as defined in the ABL
Fee Letters) and the ABL Fee Letters that, by their terms, survive the termination or expiration of the Commitment Letter or the Closing
Date, 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. It is expressly agreed and confirmed by the parties hereto
that the provisions of the ABL Fee Letters shall survive the execution and delivery of this Agreement, the occurrence of the Closing
Date, and shall continue in effect thereafter in accordance with their terms. In the event of any conflict between the provisions of
this Agreement and those of any other Loan Document, the provisions of this Agreement shall control; provided that the inclusion
of supplemental rights or remedies in favor of the Agents or the Lenders in any other Loan Document shall not be deemed a conflict with
this Agreement. Each Loan Document was drafted with the joint participation of the respective parties thereto and shall be construed
neither against nor in favor of any party, but rather in accordance with the fair meaning thereof. Except as provided in Section 4.01
or Section 4.02, 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 as of the date hereof.

 

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Section 10.13.         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 each Agent and each Lender, regardless of any investigation made
by any Agent or any Lender or on their behalf and notwithstanding that any 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
(other than contingent indemnification or other obligations and obligations and liabilities under Secured Cash Management Agreements
and Secured Hedge Agreements) hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding (other than
Letters of Credit which have been Cash Collateralized).

 

Section 10.14.         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 10.14, 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 then such provisions shall be deemed to be in
effect only to the extent not so limited.

 

Section 10.15.         Governing
Law; Jurisdiction; Etc.

 

(a)           Governing
Law. THIS AGREEMENT AND EACH OTHER LOAN DOCUMENT (OTHER THAN WITH RESPECT TO ANY COLLATERAL DOCUMENTS TO THE EXTENT EXPRESSLY PROVIDED
OTHERWISE THEREIN) SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO
THE CONFLICTS OF LAWS PRINCIPLES THEREOF, BUT INCLUDING SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW.

 

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(b)           Submission
to Jurisdiction. EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION
OF THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK CITY IN THE BOROUGH OF MANHATTAN AND OF THE UNITED STATES DISTRICT COURT FOR
THE SOUTHERN DISTRICT OF NEW YORK SITTING IN THE BOROUGH OF MANHATTAN, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR
PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT (OTHER THAN WITH RESPECT TO ANY COLLATERAL DOCUMENT
TO THE EXTENT EXPRESSLY PROVIDED OTHERWISE THEREIN), OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO
IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN
SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO
AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY
SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY
RIGHT THAT THE ADMINISTRATIVE AGENT, THE COLLATERAL AGENT, ANY LENDER OR ANY L/C ISSUER MAY OTHERWISE HAVE TO BRING ANY ACTION OR
PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT 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 10.15. 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.

 

Section 10.16.         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.

 

Section 10.17.         Waiver
of Right to Trial by Jury. EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND,
ACTION OR CAUSE OF ACTION ARISING UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE
PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING
OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM,
DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE
AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 10.17 WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES
HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

 

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Section 10.18.         Binding
Effect. When this Agreement shall have become effective in accordance with Section 10.12, it shall thereafter be binding upon
and inure to the benefit of Holdings, the Borrowers, each Agent and each Lender and their respective successors and permitted assigns,
except that the Borrowers shall not have the right to assign its rights hereunder or any interest herein without the prior written consent
of the Lenders, except as permitted by Section 7.03.

 

Section 10.19.          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 Borrowers and Holdings acknowledge and agrees,
and each of them acknowledges and agrees that it has informed its other Affiliates, that: (i) (A) no fiduciary, advisory or
agency relationship between any of Holdings and its Subsidiaries and any Agent, any Lender or any Arranger is intended to be or has been
created in respect of any of the transactions contemplated hereby and by the other Loan Documents, irrespective of whether any Agent,
any Lender or any Arranger has advised or is advising Holdings and its Subsidiaries on other matters, (B) the arranging and other
services regarding this Agreement provided by the Agents, the Lenders and the Arrangers are arm’s-length commercial transactions
between Holdings and its Subsidiaries, on the one hand, and the Agents, the Lenders and the Arrangers, on the other hand, (C) the
Borrowers and Holdings have consulted their own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate,
and (D) the Borrowers and Holdings are capable of evaluating, and understand and accept, the terms, risks and conditions of the
transactions contemplated hereby and by the other Loan Documents; (ii) (A) each Agent, each Lender and each Arranger is and
has been acting solely as a principal and, except as may otherwise be 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 Holdings or the Borrowers or any of their respective Affiliates,
or any other Person and (B) neither any Agent nor any Lender or any Arranger has any obligation to Holdings or any of its Affiliates
with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents;
and (iii) the Agents, the Lenders and the Arrangers and their respective Affiliates may be engaged in a broad range of transactions
that involve interests that differ from those of Holdings, the Borrowers and their respective Affiliates, and neither any Agent nor any
Lender or any Arranger has any obligation to disclose any of such interests and transactions to Holdings, the Borrowers or their respective
Affiliates. To the fullest extent permitted by law, each Borrower and Holdings hereby waives and releases any claims that it may have
against the Agents, the Arrangers, 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 10.20.         Affiliate
Activities. The Borrowers and Holdings acknowledge that each Agent and each Arranger (and their respective Affiliates) is a full
service securities firm engaged, either directly or through affiliates, in various activities, including securities trading, investment
banking and financial advisory, investment management, principal investment, hedging, financing and brokerage activities and financial
planning and benefits counseling for both companies and individuals. In the ordinary course of these activities, any of them may make
or hold a broad array of investments and actively trade debt and equity securities (or related derivative securities) and/or financial
instruments (including bank loans) for their own account and for the accounts of customers and may at any time hold long and short positions
in such securities and/or instruments. Such investment and other activities may involve securities and instruments of Holdings and its
Affiliates, as well as of other entities and persons and their Affiliates which may (i) be involved in transactions arising from
or relating to the engagement contemplated hereby and by the other Loan Documents, (ii) be customers or competitors of Holdings
and its Affiliates or (iii) have other relationships with Holdings and its Affiliates. In addition, it may provide investment banking,
underwriting and financial advisory services to such other entities and persons. It may also co-invest with, make direct investments
in, and invest or co-invest client monies in or with funds or other investment vehicles managed by other parties, and such funds or other
investment vehicles may trade or make investments in securities of Holdings and its Affiliates or such other entities. The transactions
contemplated hereby and by the other Loan Documents may have a direct or indirect impact on the investments, securities or instruments
referred to in this clause.

 

Section 10.21.         Electronic
Execution of Assignments and Certain Other Documents. The words “execution,” “signed,” “signature,”
and words of like import in any Loan Document, any Assignment and Assumption, any Committed Loan Notice or any amendment or other modification
thereof (including waivers and consents)) shall be deemed to include electronic signatures or the keeping of records in electronic form,
each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based
recordkeeping system, as the case may be, to the extent and as provided for in any applicable Law, including the Federal Electronic Signatures
in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based
on the Uniform Electronic Transactions Act.

 

Section 10.22.         USA
PATRIOT Act. Each Lender that is subject to the PATRIOT Act and the Administrative Agent (for itself and not on behalf of any Lender)
hereby notifies the Loan Parties that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law
October 26, 2001, as amended from time to time)) (the “PATRIOT Act”), it is required to obtain, verify and record
information that identifies each Loan Party, which information includes the name and address of each Loan Party and other information
that will allow such Lender or the Administrative Agent, as applicable, to identify each Loan Party in accordance with the PATRIOT Act.
Each Loan Party 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 PATRIOT Act.

 

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Section 10.23.         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 the Borrowers in respect of any such sum due from it to the Administrative Agent or the Lenders
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 of any
sum adjudged to be so due in the Judgment Currency, the Administrative Agent 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 from any Borrower in the Agreement Currency, such Borrower agrees, as a separate obligation and notwithstanding
any such judgment, to indemnify the Administrative Agent or the Person to whom such obligation was owing against such loss. If the amount
of the Agreement Currency so purchased is greater than the sum originally due to the Administrative Agent in such currency, the Administrative
Agent agrees to return the amount of any excess to the relevant Borrower (or to any other Person who may be entitled thereto under applicable
Law).

 

Section 10.24.         Joint
and Several Liability. Each of the Loan Parties agrees that it is jointly and severally liable for the obligations of the Borrowers
hereunder, including with respect to the payment of principal of and interest on all Loans and the payment of fees and indemnities and
reimbursement of costs and expenses.

 

Section 10.25.         Acknowledgement
and Consent to Bail-In of EEA Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other
agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Lender that
is an EEA Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down
and conversion powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

 

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

 

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

 

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

 

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

 

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(iii)            the
variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of any EEA Resolution
Authority.

 

Section 10.26.         Section 956
Override. Notwithstanding any provision of any Loan Document to the contrary (including any provision that would otherwise apply
notwithstanding other provisions or that is the beneficiary of other overriding language), (i) none of the equity interests in or
of any Subsidiary owned by a Controlled Foreign Subsidiary or FSHCO and no more than 65% of the interests in or of any other Controlled
Foreign Subsidiary or FSHCO with respect to any Borrower shall be pledged or similarly hypothecated to guarantee or support any Obligation
of such Borrower, (ii) no Controlled Foreign Subsidiary, FSHCO, or Subsidiary of any Controlled Foreign Subsidiary or FSHCO with
respect to any Borrower shall guarantee or support any Obligation of such Borrower, (iii) no security or similar interest shall
be granted in the assets of any Controlled Foreign Subsidiary, FSHCO, or Subsidiary of any Controlled Foreign Subsidiary or FSHCO with
respect to any Borrower, which security or similar interest guarantees or supports any Obligation of such Borrower, and (iv) no
Controlled Foreign Subsidiary, FSHCO, or Subsidiary of any Controlled Foreign Subsidiary or FSHCO with respect to any Borrower shall
be required to make any payment on behalf of such Borrower.

 

Article XI

Intercreditor Agreement

 

Section 11.01.         Intercreditor
Agreement. The terms of this Agreement and the other Loan Documents (other than the ABL Intercreditor Agreement), any Lien granted
to the Administrative Agent pursuant to any Loan Document and the exercise of any right or remedy by the Administrative Agent hereunder
are subject to the provisions of the ABL Intercreditor Agreement. In the event of any inconsistency between the provisions of this Agreement
and the Loan Documents (other than the ABL Intercreditor Agreement), on the one hand, and the ABL Intercreditor Agreement, on the other,
the provisions of the ABL Intercreditor Agreement shall supersede the provisions of this Agreement and the Loan Documents (other than
the ABL Intercreditor Agreement). Without limiting the generality of the foregoing, and notwithstanding anything herein to the contrary,
all rights and remedies of the Administrative Agent, the Lenders and the L/C Issuers shall be subject to the terms of the ABL Intercreditor
Agreement, and until the Discharge of Fixed Asset Obligations (as defined in the ABL Intercreditor Agreement), (i) except for express
requirements of this Agreement, no Loan Party shall be required hereunder or under any other Loan Document to take any action in respect
of the Term Loan Priority Collateral that is inconsistent with such Loan Party’s obligations under the First Lien Credit Documents
or the Second Lien Credit Agreement except if otherwise provided in the ABL Intercreditor Agreement and (ii) any obligation of any
Loan Party hereunder or under any other Loan Document with respect to the delivery or control of any Term Loan Priority Collateral, the
novation of any lien on any certificate of title, bill of lading or other document, the giving of any notice to any bailee or other Person,
the provision of voting rights or the obtaining of any consent of any Person, in each case in respect of any Term Loan Priority Collateral
shall be deemed to be satisfied if such Loan Party complies with the requirements of the similar provision of the applicable First Lien
Loan Document or Second Lien Loan Document.

 

[REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

 

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IN WITNESS WHEREOF, the parties
hereto have caused this Agreement to be duly executed as of the date first written above.

 

	 	VERTEX
    AEROSPACE INTERMEDIATE LLC, as Holdings
	 	 
	 	By:	                  
	 	Name:	 
	 	Title:	 
	 	 
	 	VERTEX
    AEROSPACE SERVICES CORP., as a Borrower
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

[Signature
Page to ABL Credit Agreement]

 

    	 	 	 

     

    

 

	 	ALLY BANK, as Administrative Agent, Collateral Agent, a Joint Lead Arranger, a Joint Bookrunner and a Lender
	 	 
	 	By:	          
	 	Name:	 
	 	Title:	 

 

[Signature
Page to ABL Credit Agreement]

 

    	 	 	 

     

    

 

	 	ROYAL BANK OF CANADA, as a Joint Lead Arranger, a Joint Bookrunner, a L/C Issuer and a Lender
	 	 
	 	By:	        
	 	Name:	 
	 	Title:	 

 

[Signature
Page to ABL Credit Agreement]

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