Document:

ex_217488.htm

Exhibit 10.01

 

SECURITIES PURCHASE AGREEMENT

 

This SECURITIES PURCHASE AGREEMENT (the “Agreement”), dated as of December 9, 2020, by and between MITESCO INC. (FKA TRUE NATURE HOLDING, INC.), a Delaware corporation, with headquarters located at 1355 Peachtree Street, Suite 1150, Atlanta, Georgia 30309 (the “Company”), and EAGLE EQUITIES, LLC, a Nevada limited liability company, with its address at 390 Whalley Avenue, New Haven, CT 06511 (the “Buyer”).

 

WHEREAS:

 

A.     The Company and the Buyer are executing and delivering this Agreement in reliance upon the exemption from securities registration afforded by the rules and regulations as promulgated by the United States Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended (the “1933 Act”);

 

B.     Buyer desires to purchase and the Company desires to issue and sell, upon the terms and conditions set forth in this Agreement a 12% convertible note of the Company, in the form attached hereto as Exhibit A in the aggregate principal amount of $220,000.00 (together with any note(s) issued in replacement thereof or as a dividend thereon or otherwise with respect thereto in accordance with the terms thereof, the “Note”), convertible into shares of common stock, of the Company (the “Common Stock”), upon the terms and subject to the limitations and conditions set forth in such Note. The Note shall contain and original issue discount (OID) of $20,000.00 such that the purchase price shall be $200,000.00. The Note shall be paid for by the Buyer as set forth herein.

 

C.     The Buyer wishes to purchase, upon the terms and conditions stated in this Agreement, such principal amount of Note as is set forth immediately below its name on the signature pages hereto; and

 

NOW THEREFORE, the Company and the Buyer severally (and not jointly) hereby agree as follows:

 

1.     Purchase and Sale of Note.

 

a.     Purchase of Note. On each Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to purchase from the Company such principal amount of Note as is set forth immediately below the Buyer’s name on the signature pages hereto.

 

 

           

Company Initials

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b.     Form of Payment. On the Closing Date (as defined below), (i) the Buyer shall pay the purchase price for the Note to be issued and sold to it at the Closing (as defined below) (the “Purchase Price”) by wire transfer of immediately available funds to the Company, in accordance with the Company’s written wiring instructions, against delivery of the Note in the principal amount equal to the Purchase Price as is set forth immediately below the Buyer’s name on the signature pages hereto, and (ii) the Company shall deliver such duly executed Note on behalf of the Company, to the Buyer, against delivery of such Purchase Price.

 

c.     Closing Date. The date and time of the first issuance and sale of the Note pursuant to this Agreement (the “Closing Date”) shall be on or about December 9, 2020, or such other mutually agreed upon time. The closing of the transactions contemplated by this Agreement (the “Closing”) shall occur on the Closing Date at such location as may be agreed to by the parties. 

 

2.     Buyer’s Representations and Warranties. The Buyer represents and warrants to the Company that:

 

a.     Investment Purpose. As of the date hereof, the Buyer is purchasing the Note and the shares of Common Stock issuable upon conversion of or otherwise pursuant to the Note, such shares of Common Stock being collectively referred to herein as the “Conversion Shares” and, collectively with the Note, the “Securities”) for its own account and not with a present view towards the public sale or distribution thereof, except pursuant to sales registered or exempted from registration under the 1933 Act; provided, however, that by making the representations herein, the Buyer does not agree to hold any of the Securities for any minimum or other specific term and reserves the right to dispose of the Securities at any time in accordance with or pursuant to a registration statement or an exemption under the 1933 Act.

 

b.     Accredited Investor Status. The Buyer is an “accredited investor” as that term is defined in Rule 501(a) of Regulation D (an “Accredited Investor”). Any of Buyer’s transferees, assignees, or purchasers must be “accredited investors” in order to qualify as prospective transferees, permitted assignees in the case of Buyer’s or Holder’s transfer, assignment or sale of the Note.

 

c.     Reliance on Exemptions. The Buyer understands that the Securities are being offered and sold to it in reliance upon specific exemptions from the registration requirements of United States federal and state securities laws and that the Company is relying upon the truth and accuracy of, and the Buyer’s compliance with, the representations, warranties, agreements, acknowledgments and understandings of the Buyer set forth herein in order to determine the availability of such exemptions and the eligibility of the Buyer to acquire the Securities.

 

d.     Information. The Buyer and its advisors, if any, have been, and for so long as the Note remain outstanding will continue to be, furnished with all materials relating to the business, finances and operations of the Company and materials relating to the offer and sale of the Securities which have been requested by the Buyer or its advisors. The Buyer and its advisors,

 

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if any, have been, and for so long as the Note remain outstanding will continue to be, afforded the opportunity to ask questions of the Company. Notwithstanding the foregoing, the Company has not disclosed to the Buyer any material nonpublic information and will not disclose such information unless such information is disclosed to the public prior to or promptly following such disclosure to the Buyer. Neither such inquiries nor any other due diligence investigation conducted by Buyer or any of its advisors or representatives shall modify, amend or affect Buyer’s right to rely on the Company’s representations and warranties contained in Section 3 below. The Buyer understands that its investment in the Securities involves a significant degree of risk. The Buyer is not aware of any facts that may constitute a breach of any of the Company's representations and warranties made herein.

 

e.     Governmental Review. The Buyer understands that no United States federal or state agency or any other government or governmental agency has passed upon or made any recommendation or endorsement of the Securities.

 

f.     Transfer or Re-sale. The Buyer understands that (i) the sale or re-sale of the Securities has not been and is not being registered under the 1933 Act or any applicable state securities laws, and the Securities may not be transferred unless (a) the Securities are sold pursuant to an effective registration statement under the 1933 Act, (b) in the case of subparagraphs (c), (d) and (e) below, the Buyer shall have delivered to the Company, at the cost of the Buyer, an opinion of counsel that shall be in form, substance and scope customary for opinions of counsel in comparable transactions to the effect that the Securities to be sold or transferred may be sold, or transferred pursuant to an exemption from such registration, including the removal of any restrictive legend which opinion shall be accepted by the Company, (c) the Securities are sold or transferred to an “affiliate” (as defined in Rule 144 promulgated under the 1933 Act (or a successor rule) (“Rule 144”) of the Buyer who agrees to sell or otherwise transfer the Securities only in accordance with this Section 2(f) and who is an Accredited Investor, (d) the Securities are sold pursuant to Rule 144, or (e) the Securities are sold pursuant to Regulation S under the 1933 Act (or a successor rule) (“Regulation S”); (ii) any sale of such Securities made in reliance on Rule 144 may be made only in accordance with the terms of said Rule and further, if said Rule is not applicable, any re-sale of such Securities under circumstances in which the seller (or the person through whom the sale is made) may be deemed to be an underwriter (as that term is defined in the 1933 Act) may require compliance with some other exemption under the 1933 Act or the rules and regulations of the SEC thereunder; and (iii) neither the Company nor any other person is under any obligation to register such Securities under the 1933 Act or any state securities laws or to comply with the terms and conditions of any exemption thereunder (in each case). Notwithstanding the foregoing or anything else contained herein to the contrary, the Securities may be pledged as collateral in connection with a bona fide margin account or other lending arrangement.

 

g.     Legends. The Buyer understands that the Note and, until such time as the Conversion Shares have been registered under the 1933 Act will be sold pursuant to Rule 144 or Regulation S without any restriction as to the number of securities as of a particular date that can then be immediately sold, the Conversion Shares may bear a restrictive legend in substantially the following form (and a stop-transfer order may be placed against transfer of the certificates for such Securities):

 

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“NEITHER THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.”

 

The legend set forth above shall be removed and the Company shall issue a certificate without such legend to the holder of any Security upon which it is stamped, if, unless otherwise required by applicable state securities laws, (a) such Security is registered for sale under an effective registration statement filed under the 1933 Act or otherwise may be sold pursuant to Rule 144 or Regulation S without any restriction as to the number of securities as of a particular date that can then be immediately sold, and (b) such holder provides the Company with an opinion of counsel, in form, substance and scope customary for opinions of counsel in comparable transactions, to the effect that a public sale or transfer of such Security may be made without registration under the 1933 Act, and that legend removal is appropriate, which opinion shall be accepted by the Company so that the sale or transfer is effected. The Buyer agrees to sell all Securities, including those represented by a certificate(s) from which the legend has been removed, in compliance with applicable prospectus delivery requirements, if any. In the event that the Company does not accept the opinion of counsel provided by the Buyer with respect to the transfer of Securities pursuant to an exemption from registration, such as Rule 144 or Regulation S, within 2 business days, it will be considered an Event of Default under the Note.

 

h.     Authorization; Enforcement. This Agreement has been duly and validly authorized. This Agreement has been duly executed and delivered on behalf of the Buyer, and this Agreement constitutes a valid and binding agreement of the Buyer enforceable in accordance with its terms.

 

i.     Residency. The Buyer is a resident of the jurisdiction set forth immediately below the Buyer’s name on the signature pages hereto.

 

j.     No Short Sales. Buyer/Holder, its successors and assigns, agrees that so long as the Note remains outstanding, neither the Buyer/Holder nor any of its affiliates shall enter into or effect any “short sales” of the Common Stock or hedging transaction which establishes a short position with respect to the Common Stock of the Company. The Company acknowledges and agrees that upon delivery of a Conversion Notice by the Buyer/Holder, the Buyer/Holder immediately owns the shares of Common Stock described in the Conversion Notice and any sale of those shares issuable under such Conversion Notice would not be considered short sales.

 

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3.     Representations and Warranties of the Company. The Company represents and warrants to the Buyer that:

 

a.     Organization and Qualification. The Company and each of its subsidiaries, if any, is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction in which it is incorporated, with full power and authority (corporate and other) to own, lease, use and operate its properties and to carry on its business as and where now owned, leased, used, operated and conducted.

 

b.     Authorization; Enforcement. (i) The Company has all requisite corporate power and authority to enter into and perform this Agreement, the Note and to consummate the transactions contemplated hereby and thereby and to issue the Securities, in accordance with the terms hereof and thereof, (ii) the execution and delivery of this Agreement, the Note by the Company and the consummation by it of the transactions contemplated hereby and thereby (including without limitation, the issuance of the Note and the issuance and reservation for issuance of the Conversion Shares issuable upon conversion or exercise thereof) have been duly authorized by the Company’s Board of Directors and no further consent or authorization of the Company, its Board of Directors, or its shareholders is required, (iii) this Agreement has been duly executed and delivered by the Company by its authorized representative, and such authorized representative is the true and official representative with authority to sign this Agreement and the other documents executed in connection herewith and bind the Company accordingly, and (iv) this Agreement constitutes, and upon execution and delivery by the Company of the Note, each of such instruments will constitute, a legal, valid and binding obligation of the Company enforceable against the Company in accordance with its terms.

 

c.     Issuance of Shares. The Conversion Shares are duly authorized and reserved for issuance and, upon conversion of the Note in accordance with its respective terms, will be validly issued, fully paid and non-assessable, and free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Company and will not impose personal liability upon the holder thereof.

 

d.     Acknowledgment of Dilution. The Company understands and acknowledges the potentially dilutive effect to the Common Stock upon the issuance of the Conversion Shares upon conversion of the Note. The Company further acknowledges that its obligation to issue Conversion Shares upon conversion of the Note in accordance with this Agreement, the Note is absolute and unconditional regardless of the dilutive effect that such issuance may have on the ownership interests of other shareholders of the Company.

 

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e.     No Conflicts. The execution, delivery and performance of this Agreement, the Note by the Company and the consummation by the Company of the transactions contemplated hereby and thereby (including, without limitation, the issuance and reservation for issuance of the Conversion Shares) will not (i) conflict with or result in a violation of any provision of the Certificate of Incorporation or By-laws, or (ii) violate or conflict with, or result in a breach of any provision of, or constitute a default (or an event which with notice or lapse of time or both could become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, any agreement, indenture, patent, patent license or instrument to which the Company or any of its Subsidiaries is a party, or (iii) result in a violation of any law, rule, regulation, order, judgment or decree (including federal and state securities laws and regulations and regulations of any self-regulatory organizations to which the Company or its securities are subject) applicable to the Company or any of its Subsidiaries or by which any property or asset of the Company or any of its Subsidiaries is bound or affected (except for such conflicts, defaults, terminations, amendments, accelerations, cancellations and violations as would not, individually or in the aggregate, have a Material Adverse Effect). All consents, authorizations, orders, filings and registrations which the Company is required to obtain pursuant to the preceding sentence have been obtained or effected on or prior to the date hereof. The Company is not in violation of the listing requirements of the OTC Markets Exchange (the “OTC MARKETS”) and does not reasonably anticipate that the Common Stock will be delisted by the OTC MARKETS in the foreseeable future, nor are the Company’s securities “chilled” by FINRA. The Company and its Subsidiaries are unaware of any facts or circumstances which might give rise to any of the foregoing.

 

f.     Absence of Litigation. Except as disclosed in the Company’s Periodic Report filings with the SEC, there is no action, suit, claim, proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of the Company or any of its subsidiaries, threatened against or affecting the Company or any of its subsidiaries, or their officers or directors in their capacity as such, that could have a material adverse effect. Schedule 3(f) contains a complete list and summary description of any pending or, to the knowledge of the Company, threatened proceeding against or affecting the Company or any of its subsidiaries, without regard to whether it would have a material adverse effect. The Company and its subsidiaries are unaware of any facts or circumstances which might give rise to any of the foregoing.

 

g.     Acknowledgment Regarding Buyer’ Purchase of Securities. The Company acknowledges and agrees that the Buyer is acting solely in the capacity of arm’s length purchasers with respect to this Agreement and the transactions contemplated hereby. The Company further acknowledges that the Buyer is not acting as a financial advisor or fiduciary of the Company (or in any similar capacity) with respect to this Agreement and the transactions contemplated hereby and any statement made by the Buyer or any of its respective representatives or agents in connection with this Agreement and the transactions contemplated hereby is not advice or a recommendation and is merely incidental to the Buyer’ purchase of the Securities. The Company further represents to the Buyer that the Company’s decision to enter into this Agreement has been based solely on the independent evaluation of the Company and its representatives.

 

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h.     No Integrated Offering. Neither the Company, nor any of its affiliates, nor any person acting on its or their behalf, has directly or indirectly made any offers or sales in any security or solicited any offers to buy any security under circumstances that would require registration under the 1933 Act of the issuance of the Securities to the Buyer.

 

i.     Title to Property. The Company and its subsidiaries have good and marketable title in fee simple to all real property and good and marketable title to all personal property owned by them which is material to the business of the Company and its subsidiaries, in each case free and clear of all liens, encumbrances and defects except such as are described in Schedule 3(i) or such as would not have a material adverse effect. Any real property and facilities held under lease by the Company and its subsidiaries are held by them under valid, subsisting and enforceable leases with such exceptions as would not have a material adverse effect.

 

j.     Bad Actor. No officer or director of the Company would be disqualified under Rule 506(d) of the Securities Act as amended on the basis of being a "bad actor" as that term is established in the September 19, 2013 Small Entity Compliance Guide published by the Securities and Exchange Commission.

 

k.     Breach of Representations and Warranties by the Company. If the Company breaches any of the representations or warranties set forth in this Section 3, and in addition to any other remedies available to the Buyer pursuant to this Agreement, it will be considered an Event of default under the Note.

 

4.     COVENANTS.

 

a.     Expenses. At the Closing, the Company shall reimburse Buyer for expenses incurred by them in connection with the negotiation, preparation, execution, delivery and performance of this Agreement and the other agreements to be executed in connection herewith (“Documents”), including, without limitation, reasonable attorneys’ and consultants’ fees and expenses, transfer agent fees, fees for stock quotation services, fees relating to any amendments or modifications of the Documents or any consents or waivers of provisions in the Documents, fees for the preparation of opinions of counsel, escrow fees, and costs of restructuring the transactions contemplated by the Documents. When possible, the Company must pay these fees directly, otherwise the Company must make immediate payment for reimbursement to the Buyer for all fees and expenses immediately upon written notice by the Buyer or the submission of an invoice by the Buyer.

 

b.     Listing. The Company shall promptly secure the listing of the Conversion Shares upon each national securities exchange or automated quotation system, if any, upon which shares of Common Stock are then listed (subject to official notice of issuance) and, so long as the Buyer owns any of the Note Securities, shall maintain, so long as any other shares of Common Stock shall be so listed, such listing of all Conversion Shares from time to time issuable upon conversion of the Note. The Company will obtain and, so long as the Buyer owns any of the Securities, maintain the listing and trading of its Common Stock on the OTC MARKETS or any

 

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equivalent replacement market, the Nasdaq stock market (“Nasdaq”), or the New York Stock Exchange (“NYSE”), and will comply in all respects with the Company’s reporting, filing and other obligations under the bylaws or rules of the Financial Industry Regulatory Authority (“FINRA”) and such exchanges, as applicable. The Company shall promptly provide to the Buyer copies of any notices it receives from the OTC MARKETS and any other markets on which the Common Stock is then listed regarding the continued eligibility of the Common Stock for listing on such markets.

 

c.     Corporate Existence. So long as the Buyer beneficially owns the Note, the Company shall maintain its corporate existence and shall not sell all or substantially all of the Company’s assets, except in the event of a merger or consolidation or sale of all or substantially all of the Company’s assets, where the surviving or successor entity in such transaction (i) assumes the Company’s obligations hereunder and under the agreements and instruments entered into in connection herewith and (ii) is a publicly traded corporation whose Common Stock is listed for trading on the OTC MARKETS, Nasdaq or NYSE.

 

d.     No Integration. The Company shall not make any offers or sales of any security (other than the Securities) under circumstances that would require registration of the Securities being offered or sold hereunder under the 1933 Act or cause the offering of the Securities to be integrated with any other offering of securities by the Company for the purpose of any stockholder approval provision applicable to the Company or its securities.

 

e.     Lockout Agreement.  The Company will refrain from entering into any other variable debt/financing instrument for 30 days from the date of funding unless that financing/Funding instrument is for more than $500,000.00.

 

f.     Right of First Refusal.  The Company agrees to grant Eagle Equities, LLC the exclusive “right of first refusal” on any variable debt/financing instrument opportunities for 60 days from the date of funding. The terms of such funding opportunity shall be provided to the Buyer in writing, whereby the Buyer shall have the exclusive option to either fund on those terms or allow the Company to accept the terms from another party. Eagle Equities, LLC must accept or reject the proposed term sheet within 48 business hours, and it will not be unreasonably be withheld.

 

g.     Filings. The Company shall include the Note in its next scheduled SEC filing whether that shall be a 10Q or a10K.

 

h.     Breach of Covenants. If the Company breaches any of the covenants set forth in this Section 4, and in addition to any other remedies available to the Buyer pursuant to this Agreement, the conversion discount shall increase by 10% and it will be considered an event of default under the Note.

 

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5.     Governing Law; Miscellaneous.

 

a.     Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada without regard to principles of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated by this Agreement shall be brought only in the state courts of New York or in the federal courts located in the state and county of New York. The parties to this Agreement hereby irrevocably waive any objection to jurisdiction and venue of any action instituted hereunder and shall not assert any defense based on lack of jurisdiction or venue or based upon forum non conveniens. The Company and Buyer waive trial by jury. The prevailing party shall be entitled to recover from the other party its reasonable attorney's fees and costs. In the event that any provision of this Agreement or any other agreement delivered in connection herewith is invalid or unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any such provision which may prove invalid or unenforceable under any law shall not affect the validity or enforceability of any other provision of any agreement. Each party hereby irrevocably waives personal service of process and consents to process being served in any suit, action or proceeding in connection with this Agreement or any other Transaction Document by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by law.

 

b.     Counterparts; Signatures by Facsimile. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original but all of which shall constitute one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party. This Agreement, once executed by a party, may be delivered to the other party hereto by facsimile transmission of a copy of this Agreement bearing the signature of the party so delivering this Agreement.

 

c.     Headings. The headings of this Agreement are for convenience of reference only and shall not form part of, or affect the interpretation of, this Agreement.

 

d.     Severability. In the event that any provision of this Agreement is invalid or unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any provision hereof which may prove invalid or unenforceable under any law shall not affect the validity or enforceability of any other provision hereof.

 

e.     Entire Agreement; Amendments. This Agreement and the instruments referenced herein contain the entire understanding of the parties with respect to the matters covered herein and therein and, except as specifically set forth herein or therein, neither the Company nor the Buyer makes any representation, warranty, covenant or undertaking with respect to such matters. No provision of this Agreement may be waived or amended other than by an instrument in writing signed by the majority in interest of the Buyer.

 

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f.     Notices. All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, (iv) via electronic mail or (v) transmitted by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such party shall have specified most recently by written notice. Any notice or other communication required or permitted to be given hereunder shall be deemed effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile machine, at the address or number designated below (if delivered on a business day during normal business hours where such notice is to be received) or delivery via electronic mail, or the first business day following such delivery (if delivered other than on a business day during normal business hours where such notice is to be received) or (b) on the second business day following the date of mailing by express courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first occur. The addresses for such communications shall be:

 

 

If to the Company, to:

MITESCO INC.

1355 Peachtree Street, Suite 1150

Atlanta, Georgia 30309

Attn: Lawrence Diamond, CEO

 

 

  If to the Buyer:

EAGLE EQUITIES, LLC

390 Whalley Avenue

New Haven, CT 06511

Attn: Yakov Borenstein

 

 

Each party shall provide notice to the other party of any change in address.

 

g.     Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their successors and assigns. Neither the Company nor the Buyer shall assign this Agreement or any rights or obligations hereunder without the prior written consent of the other. Notwithstanding the foregoing, the Buyer may assign its rights hereunder to any “qualified person”, any “permitted assigns”, or “prospective transferee” that acquires or purchases Note Securities in a private transaction from the Buyer or to any of its “affiliates,” as that term is defined under the 1934 Act, without the consent of the Company with Buyer’s Opinion of Counsel. A qualified person is an “accredited investor” transferee, assignee, or purchaser of the Note who succeeds to the Holder’s right, title and interest to all or a portion of the Note accompanied with an Opinion of Counsel as provided for in Section 2(f).

 

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h.     Third Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto and their respective permitted successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other person.

 

i.     Survival. The representations and warranties of the Company and the agreements and covenants set forth in this Agreement shall survive the closing hereunder notwithstanding any due diligence investigation conducted by or on behalf of the Buyer. The Company agrees to indemnify and hold harmless the Buyer and all their officers, directors, employees and agents for loss or damage arising as a result of or related to any breach or alleged breach by the Company of any of its representations, warranties and covenants set forth in this Agreement or any of its covenants and obligations under this Agreement, including advancement of expenses as they are incurred.

 

j.     Further Assurances. Each party shall do and perform, or cause to be done and performed, all such further acts and things, and shall execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated hereby.

 

k.     No Strict Construction. The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent, and no rules of strict construction will be applied against any party.

 

l.     Remedies. The Company acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the Buyer by vitiating the intent and purpose of the transaction contemplated hereby. Accordingly, the Company acknowledges that the remedy at law for a breach of its obligations under this Agreement will be inadequate and agrees, in the event of a breach or threatened breach by the Company of the provisions of this Agreement, that the Buyer shall be entitled, in addition to all other available remedies at law or in equity, and in addition to the penalties assessable herein, to an injunction or injunctions restraining, preventing or curing any breach of this Agreement and to enforce specifically the terms and provisions hereof, without the necessity of showing economic loss and without any bond or other security being required.

 

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 IN WITNESS WHEREOF, the undersigned Buyer and the Company have caused this Agreement to be duly executed as of the date first above written.

 

MITESCO INC. 

 

By:________________________________

Name:      Lawrence Diamond, CEO

 

 

EAGLE EQUITIES, LLC

 

By:________________________________

Name: Yakov Borenstein

Title: Manager

 

 

 

 

	
			AGGREGATE SUBSCRIPTION AMOUNT:

				
			$220,000.00

			
	 	 
	
			Principal Amount of Note:

				
			$220,000.00

			
	 	 
	
			Aggregate Purchase Price:

				
			$200,000.00

			

 

Note: $220,000.00, less $20,000.00 in OID and less $8,000.00 in legal fees. 

 

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EXHIBIT A

144 NOTE - $220,000.00

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A-1Exhibit 10.1

     

   

      

   
  Published CUSIP Number:  02607LAN6 (Deal)

  02607LAP1 (Revolving Facility)

  

  

  CREDIT AGREEMENT

   

  Dated as of December 14, 2020

   

  among

   

  AMERICAN FINANCIAL GROUP, INC.,

   as the Borrower,

   

  BANK OF AMERICA, N.A., 

  

  as Administrative Agent and L/C Issuer,

   

  JPMORGAN CHASE BANK, N.A.,

  WELLS FARGO BANK, NATIONAL ASSOCIATION,

  and

  PNC BANK, NATIONAL ASSOCIATION,

  as Syndication Agents

   

  and

   

  The Other Lenders Party Hereto,

   

  BOFA SECURITIES, INC.,

  as Joint Lead Arranger and Joint Book Manager,

   

  JPMORGAN CHASE BANK, N.A.,

  as Joint Lead Arranger and Joint Book Manager,

   

  WELLS FARGO SECURITIES, LLC,

  as Joint Lead Arranger and Joint Book Manager,

   

  and

   

  PNC CAPITAL MARKETS LLC,

  as Joint Lead Arranger and Joint Book Manager

   

  
    

    i

    
      

    

  

  TABLE OF CONTENTS

   

  	
          Section

        	
          Page

        
	 	 
	
          ARTICLE I. DEFINITIONS AND ACCOUNTING TERMS

        	
          1

        
	
          1.01

        	
          Defined Terms

        	
          1

        
	
          1.02

        	
          Other Interpretive Provisions

        	
          26

        
	
          1.03

        	
          Accounting Terms

        	
          27

        
	
          1.04

        	
          Rounding

        	
          27

        
	
          1.05

        	
          Times of Day

        	
          28

        
	
          1.06

        	
          Letter of Credit Amounts

        	
          28

        
	
          1.07

        	
          Interest Rates

        	
          28

        
	
          ARTICLE II. THE COMMITMENTS AND CREDIT
              EXTENSIONS

        	
          28

        
	
          2.01

        	
          Revolving Loans

        	
          28

        
	
          2.02

        	
          Borrowings, Conversions and Continuations of Revolving Loans.

        	
          29

        
	
          2.03

        	
          Letters of Credit.

        	
          30

        
	
          2.04

        	
          Prepayments.

        	
          39

          

        
	
          2.05

        	
          Termination or Reduction of Commitments

        	
          39

          

        
	
          2.06

        	
          Repayment of Loans

        	
          40

        
	
          2.07

        	
          Interest.

        	
          40

        
	
          2.08

        	
          Fees

        	
          40

        
	
          2.09

        	
          Computation of Interest and Fees

        	
          41

        
	
          2.10

        	
          Evidence of Debt.

        	
          41

        
	
          2.11

        	
          Payments Generally; Administrative Agent’s Clawback.

        	
          42

        
	
          2.12

        	
          Sharing of Payments by Lenders

        	
          44

        
	
          2.13

        	
          Increase in Commitments.

        	
          44

        
	
          2.14

        	
          Cash Collateral

        	
          46

        
	
          2.15

        	
          Defaulting Lenders.

        	
          47

        
	
          ARTICLE III. TAXES, YIELD PROTECTION AND
              ILLEGALITY

        	
          49

          

        
	
          3.01

        	
          Taxes

        	
          49

          

        
	
          3.02

        	
          Illegality

        	
          54

        
	
          3.03

        	
          Inability to Determine Rates

        	
          55

        

  
    	
            3.04

          	
            Increased Costs; Reserves on Eurodollar Rate Loans.

          	
            58

          

     

    

  

  
    

    ii

    
      

    

  

  	
          3.05

        	
          Compensation for Losses

        	
          60

        
	
          3.06

        	
          Mitigation Obligations; Replacement of Lenders.

        	
          61

        
	
          3.07

        	
          Survival

        	
          61

        
	
          ARTICLE IV. CONDITIONS PRECEDENT TO CREDIT
              EXTENSIONS

        	
          61

        
	
          4.01

        	
          Conditions of Initial Credit Extension

        	
          61

        
	
          4.02

        	
          Conditions to all Credit Extensions

        	
          63

        
	
          ARTICLE V. REPRESENTATIONS AND WARRANTIES

        	
          64

        
	
          5.01

        	
          Existence, Qualification and Power

        	
          64

        
	
          5.02

        	
          Authorization; No Contravention

        	
          64

        
	
          5.03

        	
          Governmental Authorization; Other Consents

        	
          64

        
	
          5.04

        	
          Binding Effect

        	
          64

        
	
          5.05

        	
          Financial Statements; No Material Adverse Effect

        	
          65

        
	
          5.06

        	
          Litigation

        	
          65

        
	
          5.07

        	
          No Default

        	
          65

        
	
          5.08

        	
          Ownership of Property; Liens

        	
          66

        
	
          5.09

        	
          Environmental Compliance

        	
          66

        
	
          5.10

        	
          Insurance

        	
          66

        
	
          5.11

        	
          Taxes

        	
          66

        
	
          5.12

        	
          ERISA Compliance.

        	
          66

        
	
          5.13

        	
          Subsidiaries; Equity Interests

        	
          67

        
	
          5.14

        	
          Margin Regulations; Investment Company Act

        	
          67

        
	
          5.15

        	
          Disclosure

        	
          68

        
	
          5.16

        	
          Compliance with Laws

        	
          68

        
	
          5.17

        	
          Taxpayer Identification Number

        	
          68

        
	
          5.18

        	
          Intellectual Property; Licenses, Etc

        	
          68

          

        
	
          5.19

        	
          OFAC

        	
          68

        
	
          5.20

        	
          Anti-Corruption Laws

        	
          69

          

        
	
          5.21

        	
          Affected Financial Institution

        	
          69

          

        
	
          5.22

        	
          Covered Entities

        	
          69

          

        
	
          ARTICLE VI. AFFIRMATIVE COVENANTS

        	
          69

          

        
	
          6.01

        	
          Financial Statements

        	
          69

          

        
	
          6.02

        	
          Certificates; Other Information

        	
          70

        
	
          6.03

        	
          Notices

        	
          72

        

  

  

  
    

    iii

    
      

    

  

  	
          6.04

        	
          Payment of Obligations

        	
          72

        
	
          6.05

        	
          Preservation of Existence, Etc

        	
          73

        
	
          6.06

        	
          Maintenance of Properties

        	
          73

        
	
          6.07

        	
          Maintenance of Insurance

        	
          73

        
	
          6.08

        	
          Compliance with Laws

        	
          73

        
	
          6.09

        	
          Books and Records

        	
          73

        
	
          6.10

        	
          Inspection Rights

        	
          73

        
	
          6.11

        	
          Use of Proceeds

        	
          74

        
	
          6.12

        	
          Maintenance of Insurance Licenses

        	
          74

        
	
          6.13

        	
          Anti-Corruption Laws; Sanctions

        	
          74

        
	
          ARTICLE VII. NEGATIVE COVENANTS

        	
          74

        
	
          7.01

        	
          Liens

        	
          74

        
	
          7.02

        	
          [Reserved].

        	
          75

        
	
          7.03

        	
          Indebtedness

        	
          75

        
	
          7.04

        	
          Fundamental Changes

        	
          76

        
	
          7.05

        	
          [Reserved].

        	
          77

        
	
          7.06

        	
          Change in Nature of Business

        	
          77

        
	
          7.07

        	
          Transactions with Affiliates

        	
          77

        
	
          7.08

        	
          [Reserved].

        	
          77

        
	
          7.09

        	
          Use of Proceeds

        	
          77

        
	
          7.10

        	
          Financial Covenants.

        	
          77

        
	
          7.11

        	
          [Reserved]

        	
          77

        
	
          7.12

        	
          [Reserved].

        	
          78

        
	
          7.13

        	
          [Reserved].

        	
          78

        
	
          7.14

        	
          [Reserved]

        	
          78

        
	
          7.15

        	
          Sanctions

        	
          78

        
	
          7.16

        	
          Anti-Corruptions Laws

        	
          78

        
	
          ARTICLE VIII. EVENTS OF DEFAULT AND REMEDIES

        	
          78

        
	
          8.01

        	
          Events of Default

        	
          78

        
	
          8.02

        	
          Remedies Upon Event of Default

        	
          80

        
	
          8.03

        	
          Application of Funds

        	
          81

        
	
          ARTICLE IX. ADMINISTRATIVE AGENT

        	
          82

        
	
          9.01

        	
          Appointment and Authority

        	
          82

        

  

  

  
    

    iv

    
      

    

  

  	
          9.02

        	
          Rights as a Lender

        	
          82

        
	
          9.03

        	
          Exculpatory Provisions

        	
          82

        
	
          9.04

        	
          Reliance by Administrative Agent

        	
          83

        
	
          9.05

        	
          Delegation of Duties

        	
          84

        
	
          9.06

        	
          Resignation of Administrative Agent

        	
          84

        
	
          9.07

        	
          Non-Reliance on Administrative Agent and Other Lenders

        	
          86

        
	
          9.08

        	
          No Other Duties, Etc

        	
          86

        
	
          9.09

        	
          Administrative Agent May File Proofs of Claim

        	
          86

        
	
          9.10

        	
          Certain ERISA Matters.

        	
          87

        
	
          ARTICLE X. MISCELLANEOUS

        	
          88

        
	
          10.01

        	
          Amendments, Etc

        	
          88

        
	
          10.02

        	
          Notices; Effectiveness; Electronic Communication.

        	
          89

          

        
	
          10.03

        	
          No Waiver; Cumulative Remedies; Enforcement

        	
          91

        
	
          10.04

        	
          Expenses; Indemnity; Damage Waiver.

        	
          92

        
	
          10.05

        	
          Payments Set Aside

        	
          94

        
	
          10.06

        	
          Successors and Assigns.

        	
          95

        
	
          10.07

        	
          Treatment of Certain Information; Confidentiality

        	
          99

          

        
	
          10.08

        	
          Right of Setoff

        	
          100

        
	
          10.09

        	
          Interest Rate Limitation

        	
          101

        
	
          10.10

        	
          Counterparts; Integration; Effectiveness

        	
          101

        
	
          10.11

        	
          Survival of Representations and Warranties

        	
          101

        
	
          10.12

        	
          Severability

        	
          101

        
	
          10.13

        	
          Replacement of Lenders

        	
          102

        
	
          10.14

        	
          Governing Law; Jurisdiction; Etc.

        	
          103

        
	
          10.15

        	
          Waiver of Jury Trial

        	
          104

        
	
          10.16

        	
          No Advisory or Fiduciary Responsibility

        	
          104

        
	
          10.17

        	
          Electronic Execution of Documents

        	
          105

        
	
          10.18

        	
          USA PATRIOT Act

        	
          106

        
	
          10.19

        	
          Time of the Essence

        	
          106

        
	
          10.20

        	
          ENTIRE AGREEMENT

        	
          106

        
	
          10.21

        	
          Acknowledgement and Consent to Bail-In of Affected Financial Institutions

        	
          106

        
	
          10.22

        	
          Acknowledgement Regarding Any Supported QFCs

        	
          107

        
	 	 	 
	
          SIGNATURES

        	 	
          S-1

        

  

  

  
    

    v

    
      

    

  

  SCHEDULES

   

  	

        	2.01	
          Commitments and Applicable Percentages

        

  	

        	5.12(d)	
           ERISA Compliance

        

  	

        	5.13	
          Subsidiaries; Other Equity Investments

        

  	

        	7.03	
          Existing Indebtedness

        

  	

        	10.02	
          Administrative Agent’s Office; Certain Addresses for Notices

        

   

  EXHIBITS

   

  
    	 	
            

            

          	
            Form of

          

  

   

  	

        	A	
          Revolving Loan Notice

        

  	

        	B	
          Note

        

  	

        	C	
          Compliance Certificate

        

  	

        	D-1	
          Assignment and Assumption

        

  	

        	D-2	
          Administrative Questionnaire

        

  	

        	E	
          Notice of Loan Prepayment

        

  	

        	F	
          Joinder Agreement

        

  	

        	G	
          Forms of U.S. Tax Compliance Certificates

        

  

  

  
    

    vi

    
      

    

  

  
  CREDIT AGREEMENT

   

  This CREDIT AGREEMENT (“Agreement”) is entered into as of December 14, 2020, among AMERICAN
    FINANCIAL GROUP, INC., an Ohio corporation (the “Borrower”), each lender from time to time party hereto (collectively, the “Lenders”
    and individually, a “Lender”), JPMORGAN CHASE BANK, N.A., WELLS FARGO BANK, NATIONAL ASSOCIATION, and PNC BANK, NATIONAL ASSOCIATION, as Syndication Agents and BANK OF AMERICA, N.A., as
    Administrative Agent and L/C Issuer.

   

  The Borrower has requested that the Lenders provide a revolving credit facility (including a discretionary letter of credit facility), and the Lenders
    are willing to do so on the terms and conditions set forth herein.

   

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

   

  ARTICLE I.

  DEFINITIONS AND ACCOUNTING TERMS

   

  1.01        Defined

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

   

  “Acquisition” means, with respect to any Person (a) an investment in, or a purchase of a
    Controlling interest in, the Equity Interests of any other Person, (b) a purchase or other acquisition of all or substantially all of the assets or properties of, another Person or of any business unit of another Person, or (c) any merger or
    consolidation of such Person with any other Person or other transaction or series of transactions resulting in the acquisition of all or substantially all of the assets, or a Controlling interest in the Equity Interests, of any Person, in each case, in
    any transaction or group of transactions which are part of a common plan.

   

  “Act” has the meaning specified in Section
        10.18.

   

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

   

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

   

  “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 (a) any EEA Financial Institution or (b) any UK
    Financial Institution.

   

  “Affiliate” means, with respect to any Person, another Person that directly, or indirectly
    through one or more intermediaries, Controls or is Controlled by or is under common Control with such Person, and shall include (a) any officer or director or general partner of such Person and (b) any Person or Affiliate of such Person that, directly
    or indirectly, beneficially owns either (i) at least 30% of the outstanding voting Equity Interests of such Person or (ii) at least 30% of all Equity Interests of such Person.

   

  
    

    1

    
      

    

  

  “Agent Fee Letter” means the letter agreement, dated November 4, 2020, among the Borrower,
    the Administrative Agent and BofA Securities, Inc.

   

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

   

  “Agreement” means this Credit Agreement.

   

  “Applicable Percentage” means with respect to any Lender at any time, the percentage
    (carried out to the ninth decimal place) of the Aggregate Commitments represented by such Lender’s Commitment at such time, subject to adjustment as provided in Section 2.15.  If the
    commitment of each Lender to make Loans has been terminated pursuant to Section 8.02 or if the Aggregate Commitments have expired, then the Applicable Percentage of each Lender shall be
    determined based on the Applicable Percentage of such Lender most recently in effect, giving effect to any subsequent assignments.  The initial Applicable Percentage of each Lender is set forth opposite the name of such Lender on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable.

   

  “Applicable Rate” means, from time to time, the following percentages per annum, based upon
    the Debt Rating as set forth below:

   

  	
          Applicable Rate

        
	
          Pricing Level

        	
          Debt Ratings

          S&P/Moody’s

        	
          Commitment Fee

        	
          Eurodollar Rate Loan

        	
          Base Rate Loan

        	
          Letter of Credit Fee

        
	
          1

        	
          A/A2 or better

        	
          0.125%

        	
          1.000%

        	
          0.000%

        	
          1.000%

        
	
          2

        	
          A-/A3

        	
          0.150%

        	
          1.125%

        	
          0.125%

        	
          1.125%

        
	
          3

        	
          BBB+/Baa1

        	
          0.175%

        	
          1.375%

        	
          0.375%

        	
          1.375%

        
	
          4

        	
          BBB/Baa2

        	
          0.225%

        	
          1.625%

        	
          0.625%

        	
          1.625%

        
	
          5

        	
          BBB-/Baa3 or lower

        	
          0.300%

        	
          1.875%

        	
          0.875%

        	
          1.875%

        

   

  “Debt Rating” means, as of any date of determination, the rating as determined by either S&P or Moody’s (collectively, the “Debt Ratings”) of the Borrower’s non-credit-enhanced, senior
    unsecured long-term debt; provided that (a) if the respective Debt Ratings issued by the foregoing rating agencies differ by one level, then the Pricing Level for the higher of such Debt
    Ratings shall apply (with the Debt Rating for Pricing Level 1 being the highest and the Debt Rating for Pricing Level 5 being the lowest); (b) if there is a split in Debt Ratings of more than one level, then the Pricing Level that is one level higher
    than the Pricing Level of the lower Debt Rating shall apply; (c) if the Borrower has only one Debt Rating, the Pricing Level of such Debt Rating shall apply; and (d) if the
    Borrower does not have a Debt Rating, Pricing Level 5 shall apply.

   

  
    

    2

    
      

    

  

  Initially, the Applicable Rate shall be determined based upon the Debt Rating specified in the certificate delivered pursuant to Section 4.01(a)(vii).  Thereafter, each change in the Applicable Rate resulting from a publicly announced change in the Debt Rating shall be effective, in the case of an upgrade, during the period commencing on the date of
    delivery by the Borrower to the Administrative Agent of notice thereof pursuant to Section 6.03(e) and ending on the date immediately preceding the effective date of the next such change and,
    in the case of a downgrade, during the period commencing on the date of the public announcement thereof and ending on the date immediately preceding the effective date of the next such change.

   

  “Approved Bank” has the meaning specified in the definition of “Cash and Equivalents”.

   

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

   

  “Arrangers” means BofA Securities, Inc. (or any of its designated affiliates, or any other
    registered broker-dealer wholly-owned by Bank of America Corporation to which all or substantially all of Bank of America Corporation’s or any of its subsidiaries’ investment banking, commercial lending services or related businesses may be transferred
    following the date of this Agreement), in its capacity as joint lead arranger and joint book manager, JPMorgan Chase Bank, N.A. (which may act through its affiliate, J.P. Morgan Securities LLC), in its capacity as joint lead arranger and joint book
    manager, Wells Fargo Securities, LLC, in its capacity as joint lead arranger and joint book manager, and PNC Capital Markets LLC, in its capacity as joint lead arranger and joint book manager.

   

  “Arrangers Fee Letters” means, collectively, the letter agreements, each dated November 4,
    2020, among the Borrower and each of the Arrangers (other than BofA Securities, Inc.).

   

  “Assignment and Assumption” means an assignment and assumption entered into by a Lender and
    an Eligible Assignee (with the consent of any party whose consent is required by Section 10.06(b)), and accepted by the Administrative Agent, in substantially the form of Exhibit D‐1 or any other form (including electronic documentation generated by use of an electronic platform) approved by the Administrative Agent.

   

  “Attributable Indebtedness” means, on any date, (a) in respect of any Capitalized Lease of
    any Person, the capitalized amount thereof that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP, and (b) in respect of any Synthetic Lease Obligation, the capitalized amount of the remaining lease
    payments under the relevant lease that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP if such lease were accounted for as a Capitalized Lease.

   

  “Audited Financial Statements” means the audited consolidated balance sheet of the Borrower
    and its Subsidiaries for the fiscal year ended December 31, 2019, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year of the Borrower and its Subsidiaries, including the notes
    thereto.

   

  “Auto-Extension Letter of Credit” has the meaning specified in Section 2.03(b)(iii).

   

  
    

    3

    
      

    

  

  “Availability Period” means the period from and including the Closing Date to the earliest
    of (a) the Maturity Date, (b) the date of termination of the Aggregate Commitments pursuant to Section 2.05, and (c) the date of termination of the Commitments pursuant to Section 8.02.

   

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

   

  “Bail-In Legislation” means, (a) with respect to any EEA Member Country implementing Article
    55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, rule, regulation or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation
    Schedule, and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing
    banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings).

   

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

   

  “Base Rate” means for any day a fluctuating rate per annum equal to the highest of (a) the
    Federal Funds Rate plus 1/2 of 1%, (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate,” and (c) the Eurodollar Rate plus 1.00%.  The “prime rate” is a rate set by Bank of
    America based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced
    rate.  Any change in such prime rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change. If the Base Rate is being used as an alternate rate of interest pursuant to
    Section 3.03 hereof, then the Base Rate shall be the greater of clauses (a) and (b) above and shall be determined without reference to clause (c) above.

   

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

   

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

   

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

   

  “Benefit Plan” means any of (a) an “employee benefit plan” (as defined in ERISA) that is
    subject to Title I of ERISA, (b) a “plan” as defined in 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”.

   

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

   

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

   

  
    

    4

    
      

    

  

  “Borrowing” means a Revolving Borrowing.

   

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

   

  “Capitalized Lease” means each lease that has been or is required to be, in accordance with
    GAAP, classified and accounted for as a capital lease or financing lease.

   

  “Capitalized Lease Obligations” means the amount of the liability reflecting the aggregate
    discounted amount of future payments under all Capitalized Leases calculated in accordance with GAAP.

   

  “Cash and Equivalents” means unrestricted and unencumbered (a) cash, (b) securities based or
    directly and fully guaranteed or insured by the United States of America or any agency or instrumentality thereof (provided that the full faith and credit of the United States of America is pledged in support thereof) having maturities of not more than
    180 days from the date of acquisition, (c) Dollar denominated time and demand deposits and certificates of deposit of (i) any Lender, (ii) any domestic commercial bank having capital and surplus in excess of $500,000,000 or (iii) any bank whose
    short-term commercial paper rating from S&P is at least A-2 or the equivalent thereof or from Moody’s is at least P-2 or the equivalent thereof (any such bank being an “Approved Bank”), in
    each case with maturities of not more than 180 days from the date of acquisition, (d) commercial paper and variable or fixed rate notes issued by any Approved Bank (or by the parent company thereof) or any variable rate notes issued by, or guaranteed
    by, any domestic corporation rated A-2 (or the equivalent thereof) or better by S&P or P-2 (or the equivalent thereof) or better by Moody’s and maturing within 180 days of the date of acquisition, (e) repurchase agreements with a bank or trust
    company (including any of the Lenders) or recognized securities dealer having capital and surplus in excess of $500,000,000 for direct obligations issued by or fully guaranteed by the United States of America in which the Borrower or any of its
    Subsidiaries shall have a perfected first priority security interest (subject to no other Liens) and having, on the date of purchase thereof, a fair market value of at least 100% of the repurchase obligations, (f) Investments, classified in accordance
    with GAAP as current assets, in money market investments programs registered under the Investment Company Act of 1940, as amended, which are administered by reputable financial institutions having capital of at least $500,000,000.

   

  “Cash Collateralize” means to pledge and deposit with or deliver to the Administrative
    Agent, for the benefit of one or more of the L/C Issuer or the Lenders, as collateral for L/C Obligations, or obligations of Lenders to fund participations in respect of L/C Obligations, cash or deposit account balances or, if the Administrative Agent
    and the L/C Issuer shall agree in their sole discretion, other credit support, in each case pursuant to documentation in form and substance satisfactory to the Administrative Agent and the L/C Issuer.  “Cash

        Collateral” shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support.

   

  
    

    5

    
      

    

  

  “CLO” means any collateralized debt obligation fund managed by the Borrower or a Subsidiary.

   

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

   

  “Change of Control” means an event or series of events by which any “person” or “group” (as
    such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, but excluding any employee benefit plan of such person or 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 one or more Permitted Holders) becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934, except that a person or group shall be deemed to have “beneficial
    ownership” of all securities that such person or group has the right to acquire, whether such right is exercisable immediately or only after the passage of time (such right, an “option right”)), directly or indirectly, of 35% or more of the equity
    securities of the Borrower entitled to vote for members of the board of directors or equivalent governing body of the Borrower on a fully-diluted basis (and taking into account all such securities that such person or group has the right to acquire
    pursuant to any option right).

   

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

   

  “Code” means the Internal Revenue Code of 1986.

   

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

   

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

   

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

   

  
    

    6

    
      

    

  

  “Consolidated Net Worth” means, on any date, the amount reported by the Borrower, determined
    in accordance with GAAP on a consolidated basis, as “Total Shareholders’ Equity” on its Form 10-K or Form 10-Q, but excluding (a) all amounts in respect of unrealized gains or losses recorded in accumulated other comprehensive income pursuant to ASC
    320, and (b) any mandatorily redeemable capital stock (or redeemable shares of other beneficial interest), in each case as determined in accordance with GAAP and Section 7.10.

   

  “Consolidated Total Financing Debt” means, on any date, on a consolidated basis determined
    in accordance with GAAP and Section 7.10 for the Borrower and its Subsidiaries (a) the sum of (i) principal amount of indebtedness
    for borrowed money, or indebtedness evidenced by notes, debentures, Capitalized Leases, guarantees (excluding guarantees of indebtedness already included as Indebtedness) or similar instruments, (ii) indebtedness for the deferred purchase price of
    assets (other than the normal trade accounts payable), and (iii) indebtedness in respect of mandatory redemption or dividend rights related to an Equity Interest, but (b) excluding (i) any
    liabilities of a CLO, provided such liabilities are Non-Recourse Indebtedness, and (ii) Non-Recourse Real Estate Indebtedness of the Borrower and its Subsidiaries.

   

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

   

  “Control” means the possession, directly or indirectly, of the power to direct or cause the
    direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise.  “Controlling” and “Controlled” have meanings correlative thereto.

   

  “Covered Entity” has the meaning specified in Section

        10.22(b).

   

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

   

  “Debt Rating” has the meaning specified in the definition of “Applicable Rate.”

   

  “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.

   

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

   

  “Default Rate” means (a) when used with respect to Obligations other than Letter of Credit
    Fees, an interest rate equal to (i) the Base Rate plus (ii) the Applicable Rate, if any, applicable to Base Rate Loans plus (iii)
    2% per annum; provided, however, that with respect to a Eurodollar Rate Loan, the Default Rate shall be an interest rate equal to
    the interest rate (including any Applicable Rate) otherwise applicable to such Loan plus 2% per annum, and (b) when used with respect to Letter of Credit Fees, a rate equal to the Applicable Rate plus 2% per annum.

   

  
    

    7

    
      

    

  

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

   

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

   

  “Disposition” or “Dispose” means
    the sale, transfer, license, lease or other disposition (including any sale and leaseback transaction or in a series of transactions and whether effected pursuant to a Division or otherwise) of any property by any Person, including any sale,
    assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith.

   

  
    

    8

    
      

    

  

  “Dividing Person” has the meaning assigned to it in the definition of “Division.”

   

  “Division” means the division of the assets, liabilities and/or obligations of a Person (the
    “Dividing Person”) among two or more Persons (whether pursuant to a “plan of division” or similar arrangement), which may or may not include the Dividing Person and pursuant to which the
    Dividing Person may or may not survive.

   

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

   

  “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 Qualified Institutional Buyer and any other Person that meets
    the requirements to be an assignee under Section 10.06(b)(iii), and (v) (subject to such consents, if any, as may be required
    under Section 10.06(b)(iii)).

   

  “Environmental Laws” means any and all Federal, state, local, and foreign statutes, laws,
    regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating to pollution and the protection of the environment or the release of any materials into the
    environment, including those related to hazardous substances or wastes, air emissions and discharges to waste or public systems.

   

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

   

  
    

    9

    
      

    

  

  “Equity Interests” means, with respect to any Person, all of the shares of capital stock of
    (or other ownership or profit interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock of (or other ownership or profit interests in) such Person, all of the
    securities convertible into or exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or acquisition from such Person of such shares (or such other interests),
    and all of the other ownership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such shares, warrants, options, rights or other interests are outstanding on
    any date of determination.

   

  “ERISA” means the Employee Retirement Income Security Act of 1974, as amended, and the rules
    and regulations promulgated thereunder.

   

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

   

  “ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) the
    withdrawal of the Borrower or any ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan year in which such entity was a “substantial employer” as defined in Section 4001(a)(2) of ERISA or a cessation of operations that is
    treated as such a withdrawal under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by the Borrower or any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is in reorganization; (d) the filing of a
    notice of intent to terminate, the treatment of a Pension Plan amendment as a termination under Section 4041 or 4041A of ERISA; (e) the institution by the PBGC of proceedings to terminate a Pension Plan; (f) any event or condition which constitutes
    grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan; (g) the determination that any Pension Plan is considered an at-risk plan or a plan in endangered or critical status within the
    meaning of Sections 430, 431 and 432 of the Code or Sections 303, 304 and 305 of ERISA; or (h) 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 the Borrower
    or any ERISA Affiliate.

   

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

   

  “Eurodollar Rate” means:

   

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

   

  
    

    10

    
      

    

  

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

   

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

   

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

   

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

   

  “Exchange Act” means the Securities Exchange Act of 1934.

   

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

        3.01(e) and (e) any U.S. federal withholding Taxes imposed pursuant to FATCA.

   

  “Existing Credit Agreement” means that certain Credit Agreement dated as of June 2, 2016
    among the Borrower, Bank of America, as administrative agent, and a syndicate of lenders, as amended, modified or supplemented from time to time.

   

  “Existing Indebtedness” means that Indebtedness of the Subsidiaries other than Intercompany
    Indebtedness outstanding on the Closing Date and listed on Schedule 7.03.

   

  “FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any
      amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreements entered into pursuant to Section 1471(b)(1) of the
      Code and any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement, treaty or  convention among Governmental Authorities entered into in connection with the implementation of the foregoing.

   

  
    

    11

    
      

    

  

  “Federal Funds Rate” means, for any day, the rate per annum calculated by the Federal
    Reserve Bank of New York based on such day’s federal funds transactions by depository institutions (as determined in such manner as the Federal Reserve Bank of New York shall set forth on its public website from time to time) and published on the next
    succeeding Business Day by the Federal Reserve Bank of New York as the federal funds effective rate; provided that if the Federal Funds Rate as so determined would be less than zero, such
    rate shall be deemed to be zero for purposes of this Agreement.

   

  “Foreign Lender” means (a) if the Borrower is a U.S. Person, a Lender that is not a U.S. Person, and (b) if the Borrower is not a U.S. Person, a Lender that is resident or organized under the laws
    of a jurisdiction other than that in which the Borrower is resident for tax purposes.  For purposes of this definition, the United States, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction.

    

   

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

   

   

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

   

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

   

  “GAAP” means generally accepted accounting principles in the United States set forth in the
    Financial Accounting Standards Board’s Accounting Standards Codification, that are applicable to the circumstances as of the determination date. 

   

  

  “GAFRI” means Great American Financial Resources, Inc., a Delaware corporation.

   

  “GAIC” means Great American Insurance Company, an Ohio insurance company.

   

  “GALIC” means Great American Life Insurance Company, an Ohio insurance company.

   

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

   

  
    

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  “Guarantee” means, as to any Person, (a) any obligation, contingent or otherwise, of such
    Person guaranteeing or having the economic effect of guaranteeing any Indebtedness or other 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 obligation, (ii) to purchase or lease property,
    securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other obligation of the payment or performance of such Indebtedness or other 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 obligation, or (iv) entered into for the purpose of assuring in any other manner the
    obligee in respect of such Indebtedness or other 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 obligation of any other Person, whether or not such Indebtedness or other obligation is assumed by such Person (or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien).  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.

   

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

   

  “Honor Date” has the meaning specified in Section

        2.03(c)(i).

   

  “Hybrid Securities” has the meaning specified in the last paragraph of Section 7.10.

   

  “Impacted Loans” has the meaning specified in Section

        3.03(a).

   

  “Increase Effective Date” has the meaning specified in Section 2.13.

   

  “Indebtedness” means, as to any Person at a particular time, without duplication, all of the
    following, whether or not included as indebtedness or liabilities in accordance with GAAP:

   

  (a)          all obligations of
        such Person for borrowed money and all obligations of such Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments;

   

  (b)        all direct or
        contingent obligations of such Person arising under letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments other than under insurance policies issued by an Insurance
        Subsidiary;

   

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

   

  (d)          all obligations of
        such Person to pay the deferred purchase price of property or services (other than trade accounts payable in the ordinary course of business);

   

  
    

    13

    
      

    

  

  (e)         indebtedness
        (excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by such Person (including indebtedness arising under conditional sales or other title retention agreements), whether or not such indebtedness shall have
        been assumed by such Person or is limited in recourse;

   

  (f)          Capitalized Leases and
        Synthetic Lease Obligations;

   

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

   

  (h)          all Guarantees of such
        Person in respect of any of the foregoing.

   

  For all purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability
    company) in which such Person is a general partner or a joint venturer, unless such Indebtedness is expressly made non-recourse to such Person.  The amount of any net obligation under any Swap Contract on any date shall be deemed to be the Swap
    Termination Value thereof as of such date.  The amount of any Capitalized Lease or Synthetic Lease Obligation as of any date shall be deemed to be the amount of Attributable Indebtedness in respect thereof as of such date.  Without limiting the
    foregoing, the Indebtedness issued by any CLO shall not constitute Indebtedness of the Borrower or any Subsidiary of the Borrower so long as the holders of such indebtedness do not have any direct or indirect recourse against the Borrower or any of its
    Subsidiaries for the principal of, premium if any on, and interest on such Indebtedness regardless of whether such Indebtedness appears as a liability on the balance sheet of the Borrower and its Subsidiaries in accordance with GAAP.
     

      

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

  

   

  “Indemnitees” has the meaning specified in Section

        10.04(b).

   

  “Information” has the meaning specified in Section

        10.07.

   

  “Insurance Authorities” means collectively, in relation to any particular jurisdiction, the
    insurance regulatory authorities, commissions, agencies, departments, boards or other authorities of or in that jurisdiction.

   

  “Insurance Subsidiary” means each Significant Subsidiary of the Borrower engaged primarily
    in the insurance business and licensed as an insurance company in one or more states or Puerto Rico.

   

  “Intercompany Indebtedness” means Indebtedness payable by one Subsidiary to the Borrower or
    another Subsidiary.

   

  
    

    14

    
      

    

  

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

   

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

   

  
    	
            

            

          	
            (i)         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, in
              the case of a Eurodollar Rate Loan, such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business Day;

          

  

  
     

    

    	
            

            

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

          

  

  
     

    

    	
            

            

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

          

  

   

  

  “Investment” means, as to any Person, any direct or indirect acquisition or investment by
    such Person, whether by means of (a) any loan, advance or extension of credit (including Guarantees), (b) any capital contribution or purchase of Equity Interests, and (c) any acquisition of property other than upon full payment in cash at fair market
    value; provided, however that the term “Investment” shall not include (i) investments and reinvestments in portfolio securities,
    loans, limited partnership interests, equity investments, investments in CLOs and other similar investments (collectively, “portfolio assets”) in the ordinary course of business, (ii) sales or other transfers of portfolio assets among the Borrower and
    its Subsidiaries in the ordinary course of business, (iii) trade and customer accounts receivable for property leased, goods furnished or services rendered in the ordinary course of business and payable on a current basis in accordance with customary
    trade terms, (iv) deposits, advances or prepayments to suppliers for property leased or licensed, goods furnished and services rendered in the ordinary course of business, (v) advances to employees for relocation and travel expenses, drawing accounts
    and similar expenditures, (vi) stock or other securities acquired in connection with the satisfaction or enforcement of Indebtedness or claims due to any Person or as security for any such Indebtedness or claims or (vii) demand deposits in banks or
    similar financial institutions.  For purposes of covenant compliance, the amount of any Investment shall be the amount actually invested, without adjustment for subsequent increases or decreases in value of such Investment.

   

  “IP Rights” has the meaning specified in Section

        5.18.

   

  
    

    15

    
      

    

  

  “IRS” means the United States Internal Revenue Service.

   

  “ISDA Definitions” means the 2006 ISDA Definitions published by the International Swaps and
    Derivatives Association, Inc. or any successor thereto, as amended or supplemented from time to time, or any successor definitional booklet for interest rate derivatives published from time to time by the International Swaps and Derivatives
    Association, Inc. or such successor thereto.

   

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

   

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

   

  “Joinder Agreement” means the Joinder Agreement, substantially in the form of Exhibit F, executed by any Subsidiary of the Borrower for whose account a Letter of Credit is issued.

   

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

   

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

   

  “L/C Borrowing” means an extension of credit resulting from a drawing under any Letter of
    Credit which has not been reimbursed on the date when made or refinanced as a Revolving 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 increase of the amount thereof.  Any L/C Credit Extension shall be at the sole discretion of the L/C Issuer.

   

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

   

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

   

  
    

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

   

  “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.

   

  “Letter of Credit” means any standby letter of credit issued hereunder.

   

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

   

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

   

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

   

  “Letter of Credit Obligor” means the Borrower and any Subsidiary who may execute a Joinder
    Agreement.

   

  “Letter of Credit Sublimit” means an amount equal to $25,000,000.  The Letter of Credit
    Sublimit is part of, and not in addition to, the Aggregate Commitments.

   

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

   

  “LIBOR Replacement Date” has the meaning specified in Section 3.03(c).

   

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

   

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

   

  “LIBOR Successor Rate Conforming Changes” means, with respect to any proposed LIBOR
    Successor Rate, any conforming changes to the definition of Base Rate, Interest Period, timing and frequency of determining rates and making payments of interest and other technical, administrative or operational matters (including, for the avoidance
    of doubt, the definition of Business Day, timing of borrowing requests or prepayment, conversion or continuation notices and length of lookback periods) as may be appropriate, in the reasonable discretion of the Administrative Agent, to reflect the
    adoption and implementation of such LIBOR Successor Rate and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent reasonably determines that adoption
    of any portion of such market practice is not administratively feasible or that no market practice for the administration of such LIBOR Successor Rate exists, in such other manner of administration as the Administrative Agent determines is reasonably
    necessary in connection with the administration of this Agreement and any other Loan Document).

   

  
    

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

   

  “Limited Purpose Investment Vehicle” means any limited partnership, limited liability
    company or similar entity established for purposes of making or holding an investment in debt or equity securities, loans, real estate and improvements or similar assets and which is subject to limitations and restrictions in its organizational
    documents or other contracts to which it is a party limiting the activities of such entity to making, holding and managing such investment(s), incurring indebtedness secured by such investment(s) and matters incidental thereto.

   

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

   

  “Loan Documents” means this Agreement, each Note, each Issuer Document, any agreement
    creating or perfecting rights in Cash Collateral pursuant to the provisions of Section 2.14 of this Agreement, the Arrangers Fee Letters, and the Agent Fee Letter.

   

  “Loan Parties” means, collectively, the Borrower and each other Letter of Credit Obligor.

   

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

   

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

   

  “Maturity Date” means the earliest of (a) December 14, 2025 (provided, however, if such date
    is not a Business Day, the date which is the next preceding Business Day), (b) the date of termination of the Aggregate Commitments pursuant to Section 2.05 and (c) the date of termination of
    the commitment of each Lender to make Loans pursuant to Section 8.02. 

   

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

   

  
    

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

   

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

   

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

   

  “NAIC” means the National Association of Insurance Commissioners.

   

  “Non-Consenting Lender” means any Lender that does not approve any consent, waiver or amendment
      that (a) requires the approval of all Lenders or all affected Lenders in accordance with the terms of Section 10.01 and (b) has been approved by the Required Lenders.

   

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

   

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

   

  “Non-Recourse Indebtedness” means, with respect to the Borrower and its Subsidiaries, any
    Indebtedness of the Borrower, any of its Subsidiaries or any CLO for which the owner of such Indebtedness has no recourse, directly or indirectly, to the Borrower or any of its Subsidiaries or to any property of the Borrower or any of its Subsidiaries
    for the principal of, premium, if any, and interest on such Indebtedness, and for which the Borrower and its Subsidiaries are not directly or indirectly liable for the principal of, premium, if any, and interest on such Indebtedness.

   

  “Non-Recourse Real Estate Indebtedness” means, with respect to any Person, any Indebtedness
    of such Person for which the owner of such Indebtedness has no recourse, directly or indirectly, to such Person for the principal of, premium, if any, and interest on such Indebtedness, and for which such Person is not directly or indirectly obligated
    or otherwise liable for the principal of, premium, if any, and interest on such Indebtedness, except with respect to real property of such Person pursuant to mortgages, deeds of trust or other security interests to which such Indebtedness relates, provided that recourse obligations or liabilities solely for fraud, environmental matters and other customary “non-recourse carve-outs” in respect of any Indebtedness will not prevent Indebtedness
    from being classified as Non-Recourse Real Estate Indebtedness.

   

  “Note” means a promissory note made by the Borrower in favor of a Lender evidencing Loans
    made by such Lender, substantially in the form of Exhibit B.

   

  
    

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

   

  “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 or Letter of Credit, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or
    hereafter arising and including interest and fees that accrue after the commencement by or against any Loan Party or any Affiliate thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of
    whether such interest and fees are allowed claims in such proceeding.

   

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

   

  “Organization Documents” means, (a) with respect to any corporation, the certificate or
    articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the certificate or articles of formation or organization and
    operating agreement; and (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of formation or organization and any agreement, instrument, filing or
    notice with respect thereto filed in connection with its formation or organization 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 Taxes” means all present or future stamp, court or documentary, intangible, recording,
      filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document,
      except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 3.06).

   

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

   

  
    

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  “Participant” has the meaning specified in Section

        10.06(d).

   

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

   

  “PATRIOT Act” has the meaning specified in Section

        10.18.

   

  “PBGC” means the Pension Benefit Guaranty Corporation.

   

  “PCAOB” means the Public Company Accounting Oversight Board.

   

  “Pension Funding Rules” means the rules of the Code and ERISA regarding minimum funding
    standards with respect to Pension Plans and set forth in Sections 412, 430, 431, 432 and 436 of the Code and Sections 302, 303, 304 and 305 of ERISA.

   

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

   

  “Permitted Holder” means (a) Carl H. Lindner III, (b) S. Craig Lindner, (c) Edyth B.
    Lindner, (d) any Affiliate of the Persons identified in (a)-(c), (e) the parents, spouse or lineal descendants of the Persons identified in (a)-(c) (it being understood that lineal descendants include children by adoption), (f) any trust in which the
    Persons identified in (a)-(c) or the Persons identified in clause (e) hold voting and dispositive power or the beneficiaries of which include only the Persons identified in (a)-(c) or the Persons identified in clause (e), and/or (g) any charitable
    foundation in which the Persons identified in (a)-(c) or the Persons identified in clause (e) hold voting and dispositive power.

   

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

   

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

   

  “Platform” has the meaning specified in Section

        6.02.

   

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

   

  “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.

  

  

  
    

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  “Public Lender” has the meaning specified in Section

        6.02.

   

  “Qualified Institutional Buyer”  means any domestic or foreign bank, insurance company
    (other than any of the Borrower’s Affiliates or Subsidiaries) savings and loan association, or registered investment company which in the aggregate owns and invests on a discretionary basis at least $100,000,000 in securities and which has a net worth
    of at least $100,000,000; provided, however, so long as no Event of Default has occurred and is continuing, the Borrower shall
    approve any assignment to a Qualified Institutional Buyer to the extent required under Section 10.06(b).

   

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

   

  “Register” has the meaning specified in Section

        10.06(c).

   

  “Registered Public Accounting Firm” has the meaning specified in the Securities Laws and
    shall be independent of the Borrower as provided in the Securities Laws.

   

  “Regulation U” means Regulation U of the FRB, as in effect from time to time and all
    official rulings and interpretations thereunder or thereof.

   

  “Related Adjustment” means, in determining any LIBOR Successor Rate, the first relevant
    available alternative set forth in the order below that can be determined by the Administrative Agent applicable to such LIBOR Successor Rate:

   

  
    	
            

            

          	
            (A)        the spread adjustment, or method for calculating or determining such spread adjustment, that has been selected or recommended by the Relevant
              Governmental Body for the relevant Pre-Adjustment Successor Rate (taking into account the interest period, interest payment date or payment period for interest calculated and/or tenor thereto) and which adjustment or method (x) is published
              on an information service as selected by the Administrative Agent from time to time in its reasonable discretion or (y) solely with respect to Term SOFR, if not currently published, which was previously so recommended for Term SOFR and
              published on an information service acceptable to the Administrative Agent; or

          

     

    

  

  
    	

          	
            
              (B)         the spread adjustment that would apply (or has previously been applied) to the fallback rate for a derivative transaction referencing the ISDA
                Definitions (taking into account the interest period, interest payment date or payment period for interest calculated and/or tenor thereto).

            

          

     

    

  

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

   

  “Relevant Governmental Body” means the Federal Reserve Board and/or the Federal Reserve Bank
    of New York, or a committee officially endorsed or convened by the Federal Reserve Board and/or the Federal Reserve Bank of New York.

   

  “Removal Effective Date” has the meaning specified in Section 9.06(b).

   

  “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 Revolving Loans, a Revolving Loan Notice, and (b) with respect to an L/C Credit Extension, a Letter of Credit Application.

   

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

   

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

   

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

   

  “Responsible Officer” means a chief executive officer, president, executive vice president,
    senior vice president, vice president, chief financial officer, general counsel, treasurer or assistant treasurer of a Loan Party, solely for purposes of the delivery of incumbency certificates pursuant to Section

        4.01, the secretary or any assistant secretary of a Loan Party and, solely for purposes of notices given pursuant to Article II, any other officer of the applicable Loan Party
    so designated by any of the foregoing officers in a notice to the Administrative Agent or any other officer or employee of the applicable Loan Party designated in or pursuant to an agreement between the applicable Loan Party and the Administrative
    Agent.  Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such
    Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party.

   

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

   

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

   

  “Revolving Loan” has the meaning specified in Section

        2.01.

   

  
    

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

   

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

   

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

   

  “Sarbanes-Oxley” means Sarbanes-Oxley Act of 2002.

   

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

   

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

   

  “Securities Laws” means the Securities Act of 1933, the Exchange Act, Sarbanes-Oxley and the
    applicable accounting and auditing principles, rules, standards and practices promulgated, approved or incorporated by the SEC or the PCAOB

   

  “Significant Subsidiary” means any Subsidiary of the Borrower which has five percent (5%) or
    more of the total assets of the Borrower and its Subsidiaries (determined as of the last day of the most recent fiscal quarter), and shall in any event include (a) GAIC, (b) GALIC, (c) GAFRI, (d) Great American Holding, Inc., and (e) the successors and
    assigns of any of the foregoing permitted under this Agreement.

   

  “SOFR” with respect to any Business Day means the secured overnight financing rate published
    for such day by the Federal Reserve Bank of New York, as the administrator of the benchmark (or a successor administrator) on the Federal Reserve Bank of New York’s website (or any successor source) at approximately 8:00 a.m. (New York City time) on
    the immediately succeeding Business Day and, in each case, that has been selected or recommended by the Relevant Governmental Body.

   

  “Statutory Accounting Methods” means the statutory reporting practices prescribed by the
    applicable Insurance Authorities with respect to the Insurance Subsidiaries.

   

  
    

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  “Subsidiary” means any person of which the Borrower (or other specified Person) shall at the
    time, directly or indirectly through one or more of its Subsidiaries, (i) own more than 50% of the outstanding Equity Interests entitled to vote generally, (ii) hold more than 50% of the Equity Interests or (iii) be a general partner or joint venturer;
    provided, however, that, except for purposes of Sections 5.19, 5.20, 6.11, 6.13, 7.09, 7.15 and 7.16, (A) so long as the owner of any Indebtedness of the CLO has no recourse, directly or
    indirectly, to the Borrower or any of its Subsidiaries or to any property of the Borrower or any of its Subsidiaries for the principal of or premium, if any, and interest on such Indebtedness, no CLO shall constitute a Subsidiary of the Borrower and
    (B) so long as the owner of any Indebtedness of the Limited Purpose Investment Vehicle has no recourse, directly or indirectly, to the Borrower or any of its Subsidiaries or to any property of the Borrower or any of its Subsidiaries for the principal
    of or premium, if any, and interest on such Indebtedness and so long as the Borrower or any Subsidiary does not act as the general partner, managing member or similar Person therefor, no Limited Purpose Investment Vehicle shall constitute a Subsidiary
    of the Borrower.  Unless otherwise specified, all references to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Borrower.

   

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

   

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

   

  “Syndication Agents” means JPMorgan Chase Bank, N.A., Wells Fargo Bank, National Association
    and PNC Bank, National Association.

   

  “Synthetic Lease Obligation” means the monetary obligation of a Person under (a) a so-called
    synthetic, off-balance sheet or tax retention lease, or (b) an agreement for the use or possession of property creating obligations that do not appear on the balance sheet of such Person but which, upon the insolvency or bankruptcy of such Person,
    would be characterized as the indebtedness of such Person (without regard to accounting treatment).

   

  “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.

   

  
    

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  “Term SOFR” means the forward-looking term rate for any period that is approximately (as
    reasonably 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 from time to time in its reasonable discretion.

   

  “Total Capitalization” means, on any date, the sum of (a) Consolidated Total Financing Debt, plus (b) Consolidated Net Worth, plus (c) all amounts
    appearing on a consolidated balance sheet of the Borrower and its Subsidiaries in the line item “Non-controlling interests”, all determined in accordance with GAAP.

   

  “Total Credit Exposure” means, as to any Lender at any time, the unused Commitments and
    Revolving Credit Exposure of such Lender at such time.

   

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

   

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

   

  “UK Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA
    Rulebook (as amended form time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person subject to IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct
    Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

   

  “UK Resolution Authority” means the Bank of England or any other public administrative
    authority having responsibility for the resolution of any UK Financial Institution.

   

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

   

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

   

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

  

  

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

   

  “Wholly-Owned Subsidiary” means, as to any Person, (i) any corporation 100% of whose common
    stock is at the time owned by such Person and/or one or more direct or indirect Wholly-Owned Subsidiaries of such Person and (ii) any partnership, limited liability company, association or other entity in which such Person and/or one or more direct or
    indirect Wholly-Owned Subsidiaries of such Person has a 100% equity interest at such time.

   

  
    

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  “Write-Down and Conversion Powers” means, (a) with respect to any EEA Resolution Authority,
    the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule,
    and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under
    which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it
    or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers.

   

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

   

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

   

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

   

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

   

  (d)          For purposes of Section

            8.01(b), a breach of a financial covenant contained in Section 7.10 shall be deemed to have occurred as of any date of determination thereof by the Administrative Agent or
        as of the last day of any specified measuring period, regardless of when the financial statements reflecting such breach are delivered to the Administrative Agent and the Lenders.

   

  
    

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

   

  1.03        Accounting Terms.

   

  (a)          Generally. 

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

   

  (b)          Changes in
            GAAP or Statutory Accounting Methods.  If at any time any change in GAAP or Statutory Accounting Methods, as the case may be, would affect the computation of any financial ratio or requirement set forth in any Loan Document, and
        either the Borrower or the Required Lenders shall so request, the Administrative Agent, the Lenders and the Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in
        GAAP or Statutory Accounting Methods, as the case may be, (subject to the approval of the Required Lenders); provided that,
        until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP or Statutory Accounting Methods, as the case may be, prior to such change therein and (ii) the Borrower shall provide to the Administrative Agent
        and the Lenders financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such ratio or requirement made before and after giving effect to such
        change in GAAP or Statutory Accounting Methods, as the case may be.

   

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

   

  
    

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  1.05        Times of Day.  Unless otherwise specified, all
      references herein to times of day shall be references to Eastern time (daylight or standard, as applicable).

   

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

   

  1.07        Interest Rates. The
      Administrative Agent does not warrant, nor accept responsibility, nor shall the Administrative Agent have any liability with respect to the administration, submission or any other matter related to the rates in the definition of “Eurodollar Rate” or
      with respect to any rate that is an alternative or replacement for or successor to any of such rate (including, without limitation, any LIBOR Successor Rate) or the effect of any of the foregoing, or of any LIBOR Successor Rate Conforming Changes.

   

  ARTICLE II.

  THE COMMITMENTS AND CREDIT EXTENSIONS

   

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

          2.04, and reborrow under this Section 2.01.  Revolving Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

   

  
    

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  2.02        Borrowings, Conversions and Continuations of Revolving Loans.

   

  (a)          Each Revolving Borrowing, each conversion of Revolving Loans
        from one Type to the other, and each continuation of Eurodollar Rate Loans shall be made upon the Borrower’s irrevocable notice to the Administrative Agent, which may be given by (A) telephone, or (B) a Revolving Loan Notice; provided that any
        telephonic notice must be confirmed promptly by delivery to the Administrative Agent of a Revolving Loan Notice.  Each Revolving Loan Notice must be received by the Administrative Agent not later than 11:00 a.m. (i) three Business Days prior to the
        requested date of any Borrowing of, conversion to or continuation of Eurodollar Rate Loans or of any conversion of Eurodollar Rate Loans to Base Rate Loans, and (ii) on the requested date of any Borrowing of Base Rate Loans; provided, however, that if the Borrower wishes to request Eurodollar Rate Loans having an Interest Period other than one, two,
        three or six months in duration as provided in the definition of “Interest Period,” the applicable notice must be received by the Administrative Agent not later than 11:00 a.m. four Business Days prior to the requested date of such Borrowing,
        conversion or continuation, whereupon the Administrative Agent shall give prompt notice to the Lenders of such request and determine whether the requested Interest Period is acceptable to all of them.  Not later than 11:00 a.m., three Business Days
        before the requested date of such Borrowing, conversion or continuation, the Administrative Agent shall notify the Borrower (which notice may be by telephone) whether or not the requested Interest Period has been consented to by all the Lenders. 
        Each Borrowing of, conversion to or continuation of Eurodollar Rate Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof.  Except as provided in Section

            2.03(c), each Borrowing of or conversion to Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof.  Each Revolving Loan Notice shall specify (i) whether the Borrower is
        requesting a Revolving Borrowing, a conversion of Revolving 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 Revolving Loans to be borrowed, converted or continued, (iv) the Type of Revolving Loans to be borrowed or to which existing Revolving Loans are to be converted, and (v) if applicable, the duration of
        the Interest Period with respect thereto.  If the Borrower fails to specify a Type of Revolving Loan in a Revolving Loan Notice or if the Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Revolving
        Loans shall be made as, or converted to, Base Rate Loans.  Any such automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Eurodollar Rate Loans.  If the
        Borrower requests a Borrowing of, conversion to, or continuation of Eurodollar Rate Loans in any such Revolving 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 Revolving Loan Notice, the
        Administrative Agent shall promptly notify each Lender of the amount of its Applicable Percentage of the applicable Revolving Loans, and if no timely notice of a conversion or continuation is provided by the Borrower, the Administrative Agent shall
        notify each Lender of the details of any automatic conversion to Base Rate Loans described in the preceding subsection.  In the case of a Revolving Borrowing, each Lender shall make the amount of its Revolving Loan available to the Administrative
        Agent in immediately available funds at the Administrative Agent’s Office not later than 1:00 p.m. on the Business Day specified in the applicable Revolving Loan Notice. 
        Upon satisfaction of the applicable conditions set forth in Section 4.02 (and, if such Borrowing is the initial Credit Extension, Section
            4.01), the Administrative Agent shall make all funds so received available to the Borrower in like funds as received by the Administrative Agent either by (i) crediting the account of the Borrower on the books of Bank of America with
        the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the Borrower; provided,
        however, that if, on the date the Revolving Loan Notice with respect to such Borrowing is given by the Borrower, there are L/C Borrowings outstanding, then the proceeds of such Borrowing,
        first, shall be applied to the payment in full of any such L/C Borrowings, and second, shall be made available to the Borrower
        as provided above.

   

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

   

  
    

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  (d)          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.  At any time that Base Rate Loans are outstanding, the Administrative Agent shall notify the Borrower and the
        Lenders of any change in Bank of America’s prime rate used in determining the Base Rate promptly following the public announcement of such change.

   

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

   

  2.03         Letters of Credit.

   

  (a)          The Letter of Credit Commitment.

   

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

    

  

  
    
       

        

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

    

  

  
    
       

        

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

    

  

  
    
       

        

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

       

      

    

  

  
    

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      (iii)        Without any implication that the L/C Issuer is any way
        obligated to issue Letters of Credit, it is acknowledged that the L/C Issuer may elect to not issue any Letter of Credit if:

       

      

    

  

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

    

  

  
    
       

        

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

    

  

  
    
       

        

      (C)          except as otherwise agreed by the Administrative Agent and
        the L/C Issuer, such Letter of Credit is in an initial stated amount less than $500,000;

    

  

  
    
       

        

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

    

  

  
    
       

        

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

    

  

  
    
       

        

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

    

  

  
    
       

        

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

    

  

  
    
      

          (v)          The L/C Issuer shall be under no obligation to amend any Letter of Credit.

    

  

  
    
       

        

      (vi)         The

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

       

      

    

  

  
    

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

   

  
    	

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

          

     

    

  

  
    	
            

            

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

            

          

     

    

  

  
    

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

            

          

     

    

  

  
    	
            

            

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

            

          

     

    

  

  
    	
            

            

          	
            
              (v)         Notwithstanding anything herein or in any other Loan Document to the contrary, (A) any issuance, amendment or extension of a Letter of Credit or any
                other L/C Credit Extension shall be, in each case, at the sole discretion of the L/C Issuer and (B) if and when issued, any Letter of Credit shall be the binding obligation of the L/C Issuer enforceable in accordance with its terms.

            

          

     

      
        (c)          Drawings and Reimbursements; Funding of Participations.

      

      

    

  

  
    

    33

    
      

    

  

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

  
     

    

  

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

    

     

    

  

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

    

     

    

  

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

    

     

    

  

  
    

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

    

     

    

  

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

    

     

    

  

  (d)          Repayment of Participations.

   

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

    

     

    

  

  
    
      (ii)         If any payment received by the
        Administrative Agent for the account of the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by the L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of the L/C Issuer its Applicable Percentage
        thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect.  The obligations
        of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

    

     

    

  

  
    

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

   

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

    

     

    

  

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

    

     

    

  

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

    

     

    

  

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

    

     

    

  

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

    

     

    

  

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

    

     

    

  

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

    

     

    

  

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

    

     

    

  

  
    

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

   

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

   

  
    

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

   

  (h)          Letter of
            Credit Fees.  Each Letter of Credit Obligor shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage a Letter of Credit fee (the “Letter

            of Credit Fee”) for each Letter of Credit issued for the account of such Letter of Credit Obligor equal to the Applicable Rate times the daily amount available to be drawn
        under such Letter of Credit.  For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section

            1.06.  Letter of Credit Fees shall be (i) due and payable on the first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit,
        on the Letter of Credit Expiration Date and thereafter on demand and (ii) computed on a quarterly basis in arrears.  If there is any change in the Applicable Rate during any quarter, the daily amount available to be drawn under each Letter of
        Credit shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.  Notwithstanding anything to the contrary contained herein, upon the request of the Required
        Lenders, while any Event of Default exists, all Letter of Credit Fees shall accrue at the Default Rate.

   

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

   

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

   

  
    

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  (k)          Letters of
            Credit Issued for Subsidiaries.  Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the
        L/C Issuer hereunder (to the extent not otherwise paid by another Letter of Credit Obligor) for any and all drawings under such Letter of Credit and all fees and expenses related to such Letter of Credit. The Borrower hereby waives any and all
        defenses that might otherwise be available to it as a guarantor or surety of any or all of the obligations of such Subsidiary in respect of such Letter of Credit.  The Borrower hereby acknowledges that the issuance of Letters of Credit for the
        account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries.

   

  2.04        Prepayments.

   

  (a)          The Borrower may, upon notice to the Administrative Agent
        pursuant to delivery to the Administrative Agent of a Notice of Loan Prepayment, at any time or from time to time voluntarily prepay Revolving Loans in whole or in part without premium or penalty; provided
        that (i) such notice must be received by the Administrative Agent not later than 11:00 a.m. (A) three Business Days prior to any date of prepayment of Eurodollar Rate Loans and (B) on the date of prepayment of Base Rate Loans; (ii) any prepayment
        of Eurodollar Rate Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof; and (iii) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in
        excess thereof or, in each case, if less, the entire principal amount thereof then outstanding.  Each such notice shall specify the date and amount of such prepayment and the Type(s) of Revolving Loans to be prepaid and, if Eurodollar Rate Loans
        are to be prepaid, the Interest Period(s) of such Loans.  The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment.  If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. 
        Any prepayment of a Eurodollar Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. 
        Subject to Section 2.15, each such prepayment shall be applied to the Revolving Loans of the Lenders in accordance with their respective Applicable Percentages.

   

  (b)          If for any reason the Total Outstandings at any time exceed
        the Aggregate Commitments then in effect, the Borrower shall immediately prepay Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided,
        however, that the Borrower shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.04(b)
        unless after the prepayment in full of the Revolving Loans the Total Outstandings exceed the Aggregate Commitments then in effect.

   

  2.05       Termination or Reduction of Commitments.  The Borrower
      may, upon notice to the Administrative Agent, terminate the Aggregate Commitments, or from time to time permanently reduce the Aggregate Commitments; provided that (i) any such notice shall
      be received by the Administrative Agent not later than 11:00 a.m. five Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $10,000,000 or any whole multiple of $1,000,000 in
      excess thereof, (iii) the Borrower shall not terminate or reduce the Aggregate Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Outstandings would exceed the Aggregate Commitments, and (iv) if, after
      giving effect to any reduction of the Aggregate Commitments or the Letter of Credit Sublimit exceeds the amount of the Aggregate Commitments, such Sublimit shall be automatically reduced by the amount of such excess.  The Administrative Agent will
      promptly notify the Lenders of any such notice of termination or reduction of the Aggregate Commitments.  Any reduction of the Aggregate Commitments shall be applied to the Commitment of each Lender according to its Applicable Percentage.  All fees
      accrued until the effective date of any termination of the Aggregate Commitments shall be paid on the effective date of such termination.

   

  
    

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  2.06        Repayment of Loans.  The Borrower shall repay to the
      Lenders on the Maturity Date the aggregate principal amount of Revolving Loans and all other Obligations outstanding on such date.

   

  2.07        Interest.

   

  (a)           Subject to the provisions of subsection (b) below, (i) each Eurodollar Rate Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the Eurodollar Rate for such Interest
        Period plus the Applicable Rate; and (ii) each Base Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal
        to the Base Rate plus the Applicable Rate.

   

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

   

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

    

  

  
    
       

        

      (iii)        Upon the request of the Required Lenders, while any Event of
        Default exists, the Borrower shall pay interest on the principal amount of all outstanding Obligations hereunder at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws.

    

  

  
    
       

        

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

    

  

   

    

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

   

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

   

  
    

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

   

  (b)          Other Fees.

   

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

    

  

  
    

    

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

    

  

   

    

  2.09        Computation of Interest and Fees.  All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s prime rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed.  Subject to Section 10.09, 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 2.11(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.

   

  2.10        Evidence of Debt.

   

  (a)          The Credit Extensions made by each Lender shall be evidenced
        by one or more accounts or records maintained by such Lender and by the Administrative Agent in the ordinary course of business.  The accounts or records maintained by the Administrative Agent and each Lender shall be conclusive absent manifest
        error of the amount of the Credit Extensions made by the Lenders to the Borrower and the interest and payments thereon.  Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrower
        hereunder to pay any amount owing with respect to the Obligations.  In the event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the
        accounts and records of the Administrative Agent shall control in the absence of manifest error.  Upon the request of any Lender made through the Administrative Agent, the Borrower shall execute and deliver to such Lender (through the
        Administrative Agent) a Note, which shall evidence such Lender’s Loans in addition to such accounts or records.  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
        subsection (a), each Lender and the Administrative Agent shall maintain in accordance with its usual practice accounts or records evidencing the purchases and sales by such Lender of participations in Letters of Credit.  In the event of any
        conflict between the accounts and records maintained by the Administrative Agent and the accounts and records of any Lender in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest
        error.

   

  2.11         Payments Generally; Administrative Agent’s Clawback.

   

  (a)          General. 

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

   

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

   

  
    

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

    

  

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

   

  (c)          Failure to
            Satisfy Conditions Precedent.  If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Article

            II, and such funds are not made available to the Borrower by the Administrative Agent because the conditions to the applicable Credit Extension set forth in Article IV are
        not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest.

   

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

   

  
    

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

   

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

   

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

    

  

  
    
       

        

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

    

  

   

  

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

   

  2.13        Increase in Commitments.

   

  (a)           Request for
            Increase.  Provided there exists no Default, upon notice to the Administrative Agent (which shall promptly notify the Lenders), the Borrower may from time to time, request an increase in the Aggregate Commitments by an aggregate
        amount (for all such requests) not exceeding $250,000,000; provided that (i) any such request for an increase shall be in a minimum amount of $10,000,000, and (ii) the Borrower may make a
        maximum of three such requests.  At the time of sending such notice, the Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Lender is requested to respond (which shall in no event be less than
        ten Business Days from the date of delivery of such notice to the Lenders).

   

  
    

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

   

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

   

  (d)          Effective
            Date and Allocations.  If the Aggregate Commitments are increased in accordance with this Section, the Administrative Agent and the Borrower shall determine the effective date (the “Increase

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

   

  (e)          Conditions to
            Effectiveness of Increase.  As a condition precedent to such increase, the Borrower shall deliver to the Administrative Agent a certificate of the Borrower dated as of the Increase Effective Date (in sufficient copies for each
        Lender) signed by a Responsible Officer of the Borrower (i) certifying and attaching the resolutions adopted by the Borrower approving or consenting to such increase, and (ii) certifying that, before and after giving effect to such increase, (A)
        the representations and warranties contained in Article V and the other Loan Documents are true and correct on and as of the Increase Effective Date, except to the extent that such
        representations and warranties specifically refer to an earlier date, in which case they are true and correct as of such earlier date, and except that for purposes of this Section 2.13,
        the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b),
        respectively, of Section 6.01, and (B) no Default exists.  The Borrower shall prepay any Revolving Loans outstanding on the Increase Effective Date (and pay any additional amounts
        required pursuant to Section 3.05) to the extent necessary to keep the outstanding Revolving Loans ratable with any revised Applicable Percentages arising from any non-ratable increase in
        the Commitments under this Section.

   

  (f)           Conflicting
            Provisions.  This Section shall supersede any provisions in Section 2.12 or 10.01 to the contrary.

   

  
    

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  2.14        Cash Collateral.

   

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

   

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

   

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

   

  (d)          Release. 

        Cash Collateral (or the appropriate portion thereof) provided to reduce Fronting Exposure or to secure other obligations shall be released promptly following (i) the elimination of the applicable Fronting Exposure or other obligations giving rise
        thereto (including by the termination of Defaulting Lender status of the applicable Lender (or, as appropriate, its assignee following compliance with Section 10.06(b)(vi))) or (ii) the
        determination by the Administrative Agent and L/C Issuer that there exists excess Cash Collateral; provided, however, the Person providing Cash Collateral and the L/C Issuer may agree
        that Cash Collateral shall not be released but instead held to support future anticipated Fronting Exposure or other obligations.

   

  
    

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  2.15        Defaulting Lenders.

   

  (a)          Adjustments. 

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

   

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

    

  

  
    
       

        

      (ii)      Defaulting Lender Waterfall.  Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of such Defaulting Lender (whether
          voluntary or mandatory, at maturity, pursuant to Article VIII or otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant to Section 10.08, shall be applied at such time or times as may be determined by the Administrative Agent as follows:  first, to the
          payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such
          Defaulting Lender to the L/C Issuer hereunder; third, to Cash Collateralize the L/C Issuer’s Fronting Exposure with respect to such Defaulting Lender in accordance with Section 2.14; fourth, as the Borrower may request (so long as no Default or Event of Default exists), to the funding
          of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth,
          if so determined by the Administrative Agent and the Borrower, to be held in a deposit account and released pro rata in order to (x) satisfy such Defaulting Lender’s potential
            future funding obligations with respect to Revolving Loans under this Agreement and (y) Cash Collateralize the L/C Issuer’s future Fronting Exposure with respect to such Defaulting Lender with respect to future Letters of Credit issued under
            this Agreement, in accordance with Section 2.14; sixth, to the payment of any
          amounts owing to the Lenders or the L/C Issuer as a result of any judgment of a court of competent jurisdiction obtained by any Lender or the L/C Issuer against such Defaulting Lender as a result of such Defaulting Lender’s breach of its
          obligations under this Agreement; seventh, so long as no Default or Event of Default exists, to the payment of any amounts owing to the Borrower as a result of any judgment
          of a court of competent jurisdiction obtained by the Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount
          of any Revolving Loans or L/C Borrowings in respect of which such Defaulting Lender has not fully funded its appropriate share and (y) such Loans were made or the related Letters of Credit were issued at a time when the conditions set forth in Section 4.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and L/C 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 Obligations owed to, such Defaulting Lender until such time as all Revolving Loans and funded and unfunded Participations in L/C Obligations are held by the Lender pro rata in accordance with the
          Commitments hereunder without giving effect to Section 2.15(a)(iv) 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 2.15(a)(ii) shall be deemed paid to and redirected by such
          Defaulting Lender, and each Lender irrevocably consents hereto.

       

        

    

  

  
    

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      (iii)        Certain Fees.

    

  

  
    
       

        

      (A)        No Defaulting Lender shall be entitled to receive any fee payable under Section 2.08(a) for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been
        paid to that Defaulting Lender).

    

  

  
    
       

        

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

    

  

  
    
       

        

      (C)         With respect to any fee payable under Section 2.08(a) or any Letter of Credit Fee not required to be paid to any Defaulting Lender pursuant to clause (A) or (B) above, the Borrower shall (x) pay to each Non-Defaulting Lender that portion of any such fee otherwise payable to such Defaulting Lender with respect to such Defaulting Lender’s participation in L/C Obligations that has
        been reallocated to such Non-Defaulting Lender pursuant to clause (iv) below, (y) pay to the L/C Issuer the amount of any such fee otherwise payable to such Defaulting Lender to the extent allocable to such L/C Issuer’s Fronting Exposure to such
        Defaulting Lender, and (z) not be required to pay the remaining amount of any such fee.

    

  

  
    
       

        

      (iv)      Reallocation of Applicable Percentages to Reduce Fronting Exposure.  All or any part of such Defaulting Lender’s participation in L/C Obligations shall be reallocated among the
          Non-Defaulting Lenders in accordance with their respective Applicable Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that (x) the conditions set forth in Section 4.02 are satisfied at the time of such reallocation (and, unless the Borrower shall have otherwise notified the Administrative Agent at such time, the Borrower shall be deemed to have represented and warranted
          that such conditions are satisfied at such time), and (y) such reallocation does not cause the aggregate Revolving Credit Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Commitment.  Subject to Section 10.21, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a
          Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation.

    

  

  
    
       

        

      (v)       Cash Collateral.  If the reallocation described in clause (a)(iv) above cannot, or can only partially, be effected, the
          Borrower shall, without prejudice to any right or remedy available to it hereunder or under applicable Law, Cash Collateralize the L/C Issuers’ Fronting Exposure in accordance with the procedures set forth in Section 2.14.

       

        

    

  

  
    

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

   

  ARTICLE III.

  TAXES, YIELD PROTECTION AND ILLEGALITY

   

  3.01        Taxes. For purposes of
      this Section 3.01, the term “applicable law” includes FATCA.

   

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

   

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

    

  

  
    
       

        

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

       

      

    

  

  
    

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

    

  

   

    

  (b)          Payment of
            Other Taxes by the Borrower and the other Loan Parties.  Without limiting the provisions of subsection (a) above, the Borrower and the other 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)          Tax Indemnifications.

   

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

    

     

    

  

  
    

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      (ii)         Each Lender and the L/C Issuer shall, and does hereby,
        severally indemnify, and shall make payment in respect thereof within 10 days after demand therefor, (x) the Administrative Agent against any Indemnified Taxes attributable to such Lender or the L/C Issuer  (but only to the extent that the Borrower
        or any other Loan Party has not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Borrower or the other Loan
        Parties to do so), (y) the Administrative Agent and the Borrower, and the other Loan Parties, as applicable, against any Taxes attributable to such Lender’s failure to comply with the provisions of Section

            10.06(d) relating to the maintenance of a Participant Register and (z) the Administrative Agent and the Borrower, and the other Loan Parties, as applicable, against any Excluded Taxes attributable to such Lender or the L/C Issuer, in
        each case, that are payable or paid by the Administrative Agent or the Borrower or another Loan Party in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were
        correctly or legally imposed or asserted by the relevant Governmental Authority.  A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error.  Each
        Lender and the L/C Issuer hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender or the L/C Issuer, as the case may be, under this Agreement or any other Loan Document against any amount
        due to the Administrative Agent under this clause (ii).

    

  

   

    

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

   

  (e)          Status of Lenders; Tax Documentation.

   

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

    

     

    

  

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

    

     

    

  

  
    

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

       

      

    

  

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

    

  

  
    
       

        

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

    

  

  
    
       

        

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

    

  

  
    
       

        

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

    

  

  
    
       

        

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

       

      

    

  

  
    

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

    

  

  
    
       

        

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

       

      

    

  

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

    

  

   

    

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

   

  
    

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  (g)          Survival. 

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

   

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

   

  
    

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  3.03        Inability to Determine Rates.

   

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

   

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

   

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

   

  
    

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

    

  

  
    
       

        

      (ii)         the administrator of the LIBOR Screen Rate or a Governmental
        Authority having jurisdiction over the Administrative Agent or such administrator has made a public statement identifying a specific date after which LIBOR or the LIBOR Screen Rate shall no longer be made available, or used for determining the
        interest rate of loans, provided that, at the time of such statement, there is no successor administrator that is reasonably satisfactory to the Administrative Agent, that will continue to provide LIBOR after such specific date (such specific date,
        the “Scheduled Unavailability Date”); or

    

  

  
    
       

        

      (iii)         the administrator of the LIBOR Screen Rate or a Governmental
        Authority having jurisdiction over such administrator has made a public statement announcing that all Interest Periods and other tenors of LIBOR are no longer representative; or

    

  

  
    
       

        

      (iv)         syndicated loans currently being executed, or that include
        language similar to that contained in this Section 3.03, are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace LIBOR;

    

  

   

  

  then, in the case of clauses (i)-(iii) above, on a date and time determined by the Administrative Agent (any such date, the “LIBOR

        Replacement Date”), which date shall be at the end of an Interest Period or on the relevant interest payment date, as applicable, for interest calculated and shall occur reasonably promptly upon the occurrence of any of the events or
    circumstances under clauses (i), (ii) or (iii) above and, solely with respect to clause (ii) above, no later than the Scheduled Unavailability Date, LIBOR will be replaced hereunder and under any Loan Document with, subject to the proviso below, the
    first available alternative set forth in the order below for any payment period for interest calculated that can be determined by the Administrative Agent, in each case, without any amendment to, or further action or consent of any other party to, this
    Agreement or any other Loan Document (the “LIBOR Successor Rate”; and any such rate before giving effect to the Related Adjustment, the “Pre-Adjustment

        Successor Rate”):

   

  (x)          Term SOFR plus the Related Adjustment; and

   

  (y)          SOFR plus the Related Adjustment;

   

  and in the case of clause (iv) above, the Borrower and Administrative Agent may mutually agree to amend this Agreement solely for the purpose of replacing LIBOR under this
    Agreement and under any other Loan Document in accordance with the definition of “LIBOR Successor Rate” and such amendment will become effective at 5:00 p.m., on the fifth Business Day  after the Administrative Agent shall have notified all Lenders and
    the Borrower of the occurrence of the circumstances described in clause (iv) above unless, prior to such time, Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders object to the
    implementation of a LIBOR Successor Rate pursuant to such clause;

   

  
    

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  provided  that, if the Administrative
      Agent reasonably determines that Term SOFR has become available, is administratively feasible for the Administrative Agent and would have been identified as the Pre-Adjustment Successor Rate in accordance with the foregoing if it had been so
      available at the time that the LIBOR Successor Rate then in effect was so identified, and the Administrative Agent notifies the Borrower and each Lender of such availability, then from and after the beginning of the Interest Period, relevant interest
      payment date or payment period for interest calculated, in each case, commencing no less than thirty (30) days after the date of such notice, the Pre-Adjustment Successor Rate shall be Term SOFR and the LIBOR Successor Rate shall  be Term SOFR plus the relevant Related Adjustment.

   

  The Administrative Agent will promptly (in one or more notices) notify the Borrower and each Lender of (x) any occurrence of any of the events, periods
    or circumstances under clauses (i) through (iii) above, (y) a LIBOR Replacement Date and (z) the LIBOR Successor Rate.

   

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

  

  

  Notwithstanding anything else herein, if at any time any LIBOR Successor Rate as so determined would otherwise be less than zero percent, the LIBOR
    Successor Rate will be deemed to be zero percent for the purposes of this Agreement and the other Loan Documents.

   

  In connection with the implementation of a LIBOR Successor Rate, the Administrative Agent will have the right to make LIBOR Successor Rate Conforming
    Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such LIBOR Successor Rate Conforming Changes will become effective without any further action or consent of any
    other party to this Agreement; provided that, with respect to any such amendment effected, the Administrative Agent shall post each such amendment implementing such LIBOR Successor Rate
    Conforming Changes to the Borrower and the Lenders reasonably promptly after such amendment becomes effective.

  

  

  If the events or circumstances of the type described in 3.03(c)(i)-(iii) have occurred with respect to the LIBOR Successor Rate then in effect, then the
    successor rate thereto shall be determined in accordance with the definition of “LIBOR Successor Rate.”

  

  

  
    

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  (d)          Notwithstanding anything to the contrary herein, (i) after any
        such determination by the Administrative Agent or receipt by the Administrative Agent of any such notice described under Section 3.03(c)(i)-(iii), as applicable, if the Administrative Agent reasonably determines that none of the LIBOR Successor
        Rates are available on or prior to the LIBOR Replacement Date, (ii) if the events or circumstances described in Section 3.03(c)(iv) have occurred but none of the LIBOR Successor Rates are available, or (iii) if the events or circumstances of the
        type described in Section 3.03(c)(i)-(iii) have occurred with respect to the LIBOR Successor Rate then in effect and the Administrative Agent reasonably determines that none of the LIBOR Successor Rates are available, then in

        each case, the Administrative Agent and the Borrower may amend this Agreement solely for the purpose of replacing LIBOR or any then current LIBOR Successor Rate in accordance with this Section 3.03 at the end of any Interest Period, relevant
        interest payment date or payment period for interest calculated, as applicable, with another alternate benchmark rate giving due consideration to any evolving or then existing convention for similar U.S. dollar denominated syndicated credit
        facilities for such alternative benchmarks and, in each case, including any Related Adjustments and any other mathematical or other adjustments to such benchmark giving due consideration to any evolving or then existing convention for similar U.S.
        dollar denominated syndicated credit facilities for such benchmarks, which adjustment or method for calculating such adjustment shall be published on an information service as selected by the Administrative Agent from time to time in its reasonable
        discretion and may be periodically updated. For the avoidance of doubt, any such proposed rate and adjustments shall constitute a LIBOR Successor Rate. Any such amendment shall become effective at 5:00 p.m. on the fifth Business Day after the
        Administrative Agent shall have posted such proposed amendment to all Lenders and the Borrower unless, prior to such time, Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders
        object to such amendment.

   

  (e)          If, at the end of any Interest Period, relevant interest
        payment date or payment period for interest calculated, no LIBOR Successor Rate has been determined in accordance with clauses (c) or (d) of this Section 3.03 and the
        circumstances under clauses (c)(i) or (c)(iii) above exist or the Scheduled Unavailability Date has occurred (as applicable), the Administrative Agent will promptly so notify the Borrower and each Lender. Thereafter, (x) the obligation of the
        Lenders to make or maintain Eurodollar Rate Loans shall be suspended (to the extent of the affected Eurodollar Rate Loans, Interest Periods, interest payment dates or payment periods), and (y) the Eurodollar Rate component shall no longer be
        utilized in determining the Base Rate, until the LIBOR Successor Rate has been determined in accordance with clauses (c) or (d). Upon receipt of such notice, the Borrower may revoke any pending request for a Borrowing of, conversion to or
        continuation of Eurodollar Rate Loans (to the extent of the affected Eurodollar Rate Loans, Interest Periods, interest payment dates or payment periods) or, failing that, will be deemed to have converted such request into a request for a Revolving
        Borrowing of Base Rate Loans (subject to the foregoing clause (y)) in the amount specified therein.

   

  3.04        Increased Costs; Reserves on Eurodollar Rate Loans.

   

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

   

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

    

  

  
    
       

        

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

       

      

    

  

  
    

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

    

  

   

  

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

   

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

   

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

   

  (d)          Delay in
            Requests.  Failure or delay on the part of any Lender or the L/C Issuer to demand compensation pursuant to the foregoing provisions of this Section 3.04 shall not
        constitute a waiver of such Lender’s or the L/C Issuer’s right to demand such compensation, provided that the Borrower shall not be required to compensate a Lender or the L/C Issuer
        pursuant to the foregoing provisions of this Section for any increased costs incurred or reductions suffered more than nine months prior to the date that such Lender or the L/C Issuer, as the case may be, notifies the Borrower of the Change in Law
        giving rise to such increased costs or reductions and of such Lender’s or the L/C Issuer’s intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the
        nine-month period referred to above shall be extended to include the period of retroactive effect thereof).

   

  
    

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

   

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

   

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

   

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

   

  (c)          any assignment of a Eurodollar Rate Loan on a day other than
        the last day of the Interest Period therefor as a result of a request by the Borrower pursuant to Section 10.13;

   

  including any loss of anticipated profits and any loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain such Loan or from fees
    payable to terminate the deposits from which such funds were obtained.  The Borrower shall also pay any customary administrative fees charged by such Lender in connection with the foregoing.  For purposes of calculating amounts payable by the Borrower
    to the Lenders under this Section 3.05 with respect to loss of anticipated profits, the Borrower shall be obligated to pay an amount equal to the daily interest for the unexpired portion of
    such Interest Period on the portion of the Loan so repaid, or as to which a Eurodollar Rate Loan was so terminated, at a per annum rate equal to the excess, if any, of (i) the Eurodollar Rate calculated on the basis of the rate applicable to such Loan
    minus (ii) the rate of interest obtainable by the Administrative Agent upon the purchase of debt securities customarily issued by the Treasury of the United States of America which have a
    maturity date approximating the last Banking Day of such Interest Period, together with reimbursement for any other fees, expenses or charges incurred by such Lender arising from the liquidation or reemployment of funds obtained by it to maintain such
    Loan or from fees payable to terminate the deposits.

   

  
    

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  3.06        Mitigation Obligations; Replacement of Lenders.

   

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

   

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

            10.13.

   

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

   

  ARTICLE IV.

  CONDITIONS PRECEDENT TO CREDIT EXTENSIONS

   

  4.01        Conditions of Initial Credit Extension.  The obligation of each Lender to make its initial Credit Extension hereunder is subject to satisfaction of the following conditions precedent:

   

  (a)          The Administrative Agent’s receipt of the following, each of
        which shall be originals or telecopies (followed promptly by originals) unless otherwise specified, each properly executed by a Responsible Officer of the Borrower, each dated the Closing Date (or, in the case of certificates of governmental
        officials, a recent date before the Closing Date) and each in form and substance satisfactory to the Administrative Agent and each of the Lenders:

   

  
    
      (i)           executed counterparts of this Agreement, sufficient in
        number for distribution to the Administrative Agent, each Lender and the Borrower;

    

  

  
    
       

        

      (ii)          a Note executed by the Borrower in favor of each Lender
        requesting a Note;

    

  

  
    
       

        

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

       

      

    

  

  
    

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      (iv)        such documents and certifications as the Administrative Agent
        may reasonably require to evidence that the Borrower is duly organized or formed, and that the Borrower is validly existing, in good standing and qualified to engage in business in each jurisdiction where its ownership, lease or operation of
        properties or the conduct of its business requires such qualification, except to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect;

    

  

  
    
       

        

      (v)          a favorable opinion of Keating, Muething & Klekamp PLL,
        counsel to the Borrower, addressed to the Administrative Agent and each Lender, as to such matters concerning the Borrower and its Subsidiaries and the Loan Documents as the Required Lenders may reasonably request;

    

  

  
    
       

        

      (vi)       a certificate of a Responsible Officer of the Borrower either
        (A) attaching copies of all consents, licenses and approvals required in connection with the execution, delivery and performance by the Borrower and the validity against the Borrower of the Loan Documents to which it is a party, and such consents,
        licenses and approvals shall be in full force and effect, or (B) stating that no such consents, licenses or approvals are so required;

    

  

  
    
       

        

      (vii)       a certificate signed by a Responsible Officer of the Borrower
        certifying (A) that the conditions specified in Sections 4.02(a) and (b) have been satisfied, (B) that there has been no event
        or circumstance since the date of the Audited Financial Statements that has had or could be reasonably expected to have, either individually or in the aggregate, a Material Adverse Effect; and (C) the current Debt Ratings;

    

  

  
    
       

        

      (viii)      a duly completed Compliance Certificate as of the last day of
        the fiscal quarter of the Borrower ended on September 30, 2020, signed by a Responsible Officer of the Borrower;

    

  

  
    
       

        

      (ix)         [reserved];

    

  

  
    
       

        

      (x)          evidence that the Existing Credit Agreement has been or
        concurrently with the Closing Date is being terminated and all amounts owing thereunder are paid in full; provided that each Lender that has signed this Agreement and that is a Lender (as
        defined in the Existing Credit Agreement) under the Existing Credit Agreement shall be deemed to have waived any notice requirements to terminate the Aggregate Commitment (as defined in the Existing Credit Agreement) set forth in Section 2.05 of
        the Existing Credit Agreement; and;

    

  

  
    
       

        

      (xi)         such other assurances, certificates, documents, consents or
        opinions as the Administrative Agent, the L/C Issuer, or the Required Lenders reasonably may require.

    

  

  
    

    

    
      (b)          Any fees related to this Agreement or any other Loan Document required
          to be paid on or before the Closing Date shall have been paid.

    

  

   

  
    

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

   

  (d)          The Closing Date shall have occurred on or before December 31,
        2020.

   

  (e)          (i) Upon the reasonable request of any Lender made at least
        five (5) days prior to the Closing Date, the Borrower shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer”
        and anti-money-laundering rules and regulations, including, without limitation, the PATRIOT Act, in each case at least two (2) days prior to the Closing Date and (ii) at least two (2) days prior to the Closing Date, any Loan Party that qualifies as
        a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party.

   

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

   

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

   

  (a)          The representations and warranties of the Borrower and each
        other Loan Party contained in Article V (other than the representations and warranties contained in Section 5.05(d) and Section 5.06) or any other Loan Document, or which are contained in any document furnished at any time under or in connection herewith or therewith, shall be true and correct 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 as of such earlier date, and except that for purposes of this Section 4.02, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to
        the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01.

   

  (b)          No Default shall exist, or would result from such proposed
        Credit Extension or from the application of the proceeds thereof.

   

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

   

  
    

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

   

  ARTICLE V.

  REPRESENTATIONS AND WARRANTIES

   

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

   

  5.01        Existence, Qualification and Power.  The Borrower and each of its Subsidiaries (a) is duly organized or formed, validly existing and, as applicable, in good standing under the Laws of the jurisdiction of its incorporation or
      organization, (b) has all requisite power and authority and all requisite governmental licenses, insurance licenses, authorizations, consents and approvals to (i) own 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, and (c) is duly qualified and is licensed and in good standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business
      requires such qualification or license, except to the extent that the failure of any Subsidiary to be in good standing under clause (a), or, in each case referred to in clause (b)(i) or (c), to the extent that failure to do so could not, either individually or in the aggregate, reasonably be expected
      to have a Material Adverse Effect.

   

  5.02        Authorization; No Contravention.  The execution, delivery and performance by each Loan Party of each Loan Document to which it is party, have been duly authorized by all necessary corporate action, and do not and will not (a) contravene the terms of any of such Loan Party’s
      Organization Documents; (b) conflict with or result in any breach or contravention of, or the creation of any Lien under, or require any payment to be made under (i) any Contractual Obligation to which such Loan Party is a party or affecting such
      Loan Party or the properties of the Borrower or any of its Subsidiaries or (ii) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Loan Party or its property is subject; or (c) violate any Law.

   

  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 the execution, delivery or performance by, or enforcement
      against, any Loan Party of this Agreement or any other Loan Document.

   

  5.04        Binding Effect.  This
      Agreement has been, and each other Loan Document, when delivered hereunder, will have been, duly executed and delivered by each Loan Party to the extent that it is party thereto.  This Agreement constitutes, and each other Loan Document when so
      delivered will constitute, a legal, valid and binding obligation of such Loan Party that is party thereto, enforceable against such Loan Party to the extent that it is party thereto in accordance with its terms, subject to Debtor Relief Laws.

   

    

  
    

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  5.05        Financial Statements; No Material Adverse Effect.

   

  (a)          The Audited Financial Statements (i) were prepared in
        accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; (ii) fairly present the financial condition of the Borrower and its Subsidiaries as of the date 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; and (iii) show all material indebtedness, other liabilities and material
        commitments and contingencies of the Borrower and its Subsidiaries as of the date thereof.

   

  (b)          The Borrower’s Form 10‐Q for the fiscal quarter ended
        September 30, 2020 (including all of the financial statements and schedules included therein) contains all information which is required to be stated therein in accordance with
        the Exchange Act and conforms in all material respects to the requirements thereof; and the Borrower’s Form 10‐Q for the fiscal quarter ended September 30, 2020 did not when
        filed include any untrue statement of a material fact or omit to state a material fact which was required to be stated therein or was necessary to make the statements therein not misleading in the light of the circumstances in which they were
        made.  The Borrower’s 10-Q for the fiscal quarter ended September 30, 2020 sets forth all material indebtedness and other liabilities of the Borrower and its consolidated
        Subsidiaries as of the date of such financial statements.

   

  (c)          The December 31, 2019 annual financial statements of GAIC and
        GALIC in the form filed with the Superintendent of Insurance of the State of Ohio were prepared in accordance with applicable statutory accounting principles and fairly present in accordance with applicable statutory regulations and guidelines, the
        financial condition of GAIC and GALIC at the dates thereof and the results of its operation for the periods covered thereby.

   

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

   

  5.06       Litigation.  There is no
      litigation, at law or in equity, or any proceeding before any federal, state, provincial or municipal court, board or other Governmental Authority or administrative agency or any arbitrator pending or to the knowledge of the Borrower threatened which
      may involve any material risk of any final judgment or liability not adequately covered by insurance or which may otherwise, individually or in the aggregate, result in a Material Adverse Effect, or which questions the validity or enforceability of
      this Agreement or any other Loan Document, and no judgment, decree, or order of any federal, state, provincial or municipal court, board or other governmental or administrative agency or arbitrator has been issued against the Borrower or any of its
      Subsidiaries which has resulted, or poses a material risk of resulting in, individually or in the aggregate, a Material Adverse Effect.

   

  5.07        No Default.  Neither the Borrower nor any of its
      Subsidiaries is in default under or with respect to any Contractual Obligation that could, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.  No Default has occurred and is continuing or would result
      from the consummation of the transactions contemplated by this Agreement or any other Loan Document.

   

  
    

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  5.08        Ownership of Property; Liens.  The Borrower and each of
      its Subsidiaries has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business, except for such defects in title as could not, individually or in
      the aggregate, reasonably be expected to have a Material Adverse Effect.  The property of the Borrower and its Subsidiaries is subject to no Liens, other than Liens permitted by Section 7.01.

   

  5.09        Environmental Compliance.  The Borrower and its
      Subsidiaries conduct in the ordinary course of business a review of the effect of existing Environmental Laws and claims alleging potential liability or responsibility for violation of any Environmental Law on their respective businesses, operations
      and properties, and as a result thereof the Borrower has reasonably concluded that such Environmental Laws and claims could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

   

  5.10       Insurance.  The properties of the Borrower and its
      Subsidiaries are insured with financially sound and reputable insurance companies not a direct or indirect Subsidiary of the Borrower, in such amounts (after giving effect to any
        self-insurance compatible with the following standards), with such deductibles and covering such risks as are customarily carried by companies engaged in similar businesses and owning similar properties in localities where the Borrower or
      the applicable Subsidiary operates.

   

  5.11        Taxes.  The Borrower and its Subsidiaries have filed
      all Federal, state and other material tax returns and reports required to be filed, and have paid all Federal, state and other material taxes, assessments, fees and other governmental charges levied or imposed upon them or their properties, income or
      assets otherwise due and payable, except those which are being contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves have been provided in accordance with GAAP.  There is no proposed tax assessment
      against the Borrower or any of its Subsidiaries that would, either individually or in the aggregate, if made, have a Material Adverse Effect.

   

  5.12        ERISA Compliance.

   

  (a)          Each Plan is in compliance in all material respects with the
        applicable provisions of ERISA, the Code and other Federal or state laws.  Each Pension Plan that is intended to be a qualified plan under Section 401(a) of the Code has received a favorable
        determination letter or opinion 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 is currently being processed by the Internal Revenue Service.  To the best knowledge of the Borrower, nothing has occurred that would prevent or cause the loss of such tax-qualified
        status.

   

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

   

  
    

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  (c)          (i) No ERISA Event has occurred, and neither
        the Borrower nor any ERISA Affiliate is aware of any fact, event or circumstance that could reasonably be expected to constitute or result in an ERISA Event with respect to any Pension Plan; (ii) the Borrower and each ERISA
        Affiliate has met all applicable requirements under the Pension Funding Rules in respect of each Pension Plan, and no waiver of the minimum funding standards under the Pension Funding Rules has been applied for or obtained; (iii) as of the most recent valuation date for any Pension Plan, the funding target attainment percentage (as defined in Section 430(d)(2) of the Code) is 60% or higher and neither

        the Borrower nor any ERISA Affiliate knows of any facts or circumstances that could reasonably be expected to cause the funding target attainment percentage for any such plan to drop below 60% as of the most recent valuation date; (iv) neither the
        Borrower nor any ERISA Affiliate has incurred any liability to the PBGC other than for the payment of premiums, and there are no premium payments which have become due that are unpaid; (v) neither the Borrower nor any ERISA Affiliate has engaged in
        a transaction that could be subject to Section 4069 or Section 4212(c) of ERISA; and (vi) no Pension Plan has been terminated by the plan administrator thereof nor by the PBGC, and no event or
        circumstance has occurred or exists that could reasonably be expected to cause the PBGC to institute proceedings under Title IV of ERISA to terminate any Pension Plan.

   

  (d)          Neither the Borrower nor any ERISA Affiliate maintains or
        contributes to, or has any unsatisfied obligation to contribute to, or liability under, any active or terminated Pension Plan other than (A) on the Closing Date, those listed on Schedule 5.12(d) hereto and (B) thereafter, Pension Plans not otherwise prohibited by this Agreement.

   

  (e)          As of the Closing Date, the Borrower is not and will not be
        using “plan assets” (within the meaning of 29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA or otherwise) of one or more Benefit Plans in connection with the Loans, the Letters of Credit or the Commitments.

   

  5.13       Subsidiaries; Equity Interests.  As of the Closing Date, the Borrower has no Subsidiaries other than those specifically disclosed in Part (a) of Schedule 5.13,
      and all of the outstanding Equity Interests in such Subsidiaries have been validly issued, are fully paid and non-assessable and are directly or indirectly owned by the Borrower
      or another Subsidiary in the amounts specified on Part (a) of Schedule 5.13 free and clear of all Liens.  The Borrower
      has no equity investments in excess of 10% of the equity capital in any other non-public corporation or non-public entity which investments are greater than $25,000,000 in any one corporation or entity other than those specifically disclosed in Part
      (b) of Schedule 5.13 and other than any CLOs and Limited Purpose Investment Vehicles.  All of the outstanding Equity Interests of the Borrower have been validly issued, and are fully paid and non-assessable.

   

  5.14        Margin Regulations; Investment Company Act.

   

  (a)          The Borrower is not engaged and will not engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U), or extending credit for the purpose of
        purchasing or carrying margin stock.

   

  (b)          None of the Borrower, any Person Controlling the Borrower, or any Subsidiary is or is required to be registered as an “investment company” under the
        Investment Company Act of 1940.

   

  
    

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  5.15        Disclosure. (a) The Borrower has disclosed to the Administrative Agent
        and the Lenders all agreements, instruments and corporate or other restrictions to which it or any of its Subsidiaries is subject, and all other matters known to it, that, individually or in the aggregate, could reasonably be expected to result in
        a Material Adverse Effect.  No report, financial statement, certificate or other information furnished (whether in writing or orally) by or on behalf of the Borrower to the
        Administrative Agent or any Lender in connection with the transactions contemplated hereby and the negotiation of this Agreement or delivered hereunder or under any other Loan Document (in each case, as modified or supplemented by other information
        so furnished) contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided that, with respect to projected financial information, the Borrower represents only that such information was prepared in good faith
        based upon assumptions believed to be reasonable at the time.

   

  (b)          As of the Closing Date, the information
        included in the Beneficial Ownership Certification, if applicable, is true and correct in all respects.

   

  5.16        Compliance with Laws.  The Borrower and each of its Subsidiaries 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.

   

  5.17        Taxpayer Identification Number.  The Borrower’s true
      and correct U.S. taxpayer identification numbers are set forth on Schedule 10.02.

   

  5.18        Intellectual Property; Licenses, Etc.  The Borrower and each of its Subsidiaries own, or possess the right to use, all of the trademarks,
      service marks, trade names, copyrights, patents, patent rights, franchises, licenses and other intellectual property rights (collectively, “IP Rights”) that are reasonably necessary for the
      operation of their respective businesses, without conflict with the rights of any other Person.  To the best knowledge of the Borrower, no slogan or other advertising device,
      product, process, method, substance, part or other material now employed, or now contemplated to be employed, by the Borrower or any Subsidiary infringes upon any rights held
      by any other Person.

   

  5.19        OFAC.  Neither the
      Borrower, nor any of its Subsidiaries, nor, to the knowledge of the Borrower and its Subsidiaries, any director, officer, employee, agent, Affiliate or representative thereof, is an individual or entity that is, or is owned or controlled by any
      individual or entity that is (i) currently the subject or target of any Sanctions, (ii) included on OFAC’s List of Specially Designated Nationals, HMT’s Consolidated List of Financial Sanctions Targets and the Investment Ban List, or any similar list
      enforced by any other relevant sanctions authority or (iii) located, organized or resident in a Designated Jurisdiction. The Borrower and its Subsidiaries have conducted their businesses in compliance in all material respects with all applicable
      Sanctions and have instituted and maintained policies and procedures designed to promote and achieve compliance with such Sanctions.

   

  
    

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  5.20        Anti-Corruption Laws.  The Borrower and its Subsidiaries have conducted their businesses in compliance with the United States Foreign Corrupt Practices Act of 1977, the UK
    Bribery Act 2010, and other applicable anti-corruption legislation in other jurisdictions and have instituted, and to the extent required by Applicable Law, maintained policies and procedures designed to promote and achieve compliance with such laws.

   

  5.21        Affected Financial Institution.  No Loan Party is
    an Affected Financial Institution.

   

  5.22        Covered Entities.  No Loan Party is a Covered Entity.

   

  ARTICLE VI.

  AFFIRMATIVE COVENANTS

   

  So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation hereunder shall remain unpaid or unsatisfied, the Borrower
    shall, and shall (except in the case of the covenants set forth in Sections 6.01, 6.02, and 6.03) cause each of its Subsidiaries to:

   

  6.01        Financial Statements.  Deliver to the Administrative
      Agent and each Lender, in form and detail satisfactory to the Administrative Agent and the Required Lenders:

   

  (a)          as soon as available, but in any event within 90 days after
        the end of each fiscal year of the Borrower (commencing with the fiscal year ended December 31, 2020, the Annual Report on Form 10-K of the Borrower for the fiscal year then
        ended, a consolidated balance sheet of the Borrower and its Subsidiaries, as at the end of such fiscal year, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year, setting forth in
        each case in comparative form the figures for the previous fiscal year, all in reasonable detail and prepared in accordance with GAAP, such consolidated statements of the
        Borrower to be audited and accompanied by a report and opinion of a Registered Public Accounting Firm of nationally recognized standing reasonably acceptable to the Required
        Lenders, which report and opinion shall be prepared in accordance with generally accepted auditing standards and applicable Securities Law and shall not be subject to any “going concern” or like qualification or exception or any qualification or
        exception as to the scope of such audit;

   

  (b)          as soon as available, but in any event
        within 60 days after the end of each of the first three fiscal quarters of each fiscal year of the Borrower (commencing with the fiscal quarter ended March 31, 2021) the quarterly
          report of the Borrower as required by the Exchange Act on Form 10-Q, a consolidated balance sheet of the Borrower and its Subsidiaries, as at the end of such fiscal
        quarter, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal quarter and for the portion of the Borrower and its Subsidiaries’ fiscal year then ended, setting forth in each case in
        comparative form 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, such

          consolidated statements to be certified by a Responsible Officer of the Borrower as fairly presenting the financial condition, results of operations, shareholders’ equity and cash flows of the Borrower and its Subsidiaries, in accordance
        with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes; and

   

  
    

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  (c)          as soon as available, all quarterly and annual statutory
        financial statements, including all exhibits and schedules thereto, of the Insurance Subsidiaries, in the form required by the respective Insurance Authorities.

   

  As to any information contained in materials furnished pursuant to Section 6.02(d), the Borrower shall not be separately required to furnish such information under subsections (a) or (b) above, but the foregoing shall not be in derogation of the obligation of the Borrower to furnish the information and materials described in subsections (a)
    or (b) above at the times specified therein.

   

  6.02        Certificates; Other Information.  Deliver to the
      Administrative Agent and each Lender, in form and detail satisfactory to the Administrative Agent and the Required Lenders:

   

  (a)          concurrently with the delivery of the financial statements
        referred to in Section 6.01(a), a certificate of the Registered Public Accounting Firm certifying such financial statements and stating that in making the examination necessary therefor
        no knowledge was obtained of any Default under the financial covenants set forth herein or, if any such Default shall exist, stating the nature and status of such event;

   

  (b)          concurrently with the delivery of the financial statements
        referred to in Sections 6.01(a) and (b) (commencing with
          the delivery of the financial statements for the fiscal year ending December 31, 2020), a duly completed Compliance Certificate signed by a Responsible Officer of the Borrower (which delivery may, unless the Administrative Agent or a
        Lender requests originals, be by electronic communications, including fax or email, and shall be deemed to be an original authentic counterpart thereof for all purposes);

   

  (c)          promptly after any request by the Administrative Agent or any
        Lender, copies of any detailed audit reports, management letters or recommendations submitted to the board of directors (or the audit committee of the board of directors) of the Borrower by independent accountants in connection with the accounts or
        books of the Borrower or any Subsidiary, or any audit of any of them;

   

  (d)          promptly after the same are available, copies of each annual
        report, proxy or financial statement or other report or communication sent to the stockholders of the Borrower, and copies of all annual, regular, periodic and special reports and registration statements which the Borrower may file or be required
        to file with the SEC under Section 13 or 15(d) of the Exchange Act, and not otherwise required to be delivered to the Administrative Agent pursuant hereto;

   

  (e)          promptly after the furnishing thereof, copies of any statement
        or report furnished to any holder of debt securities of the Borrower or any of its Subsidiaries pursuant to the terms of any indenture, loan or credit or similar agreement and not otherwise required to be furnished to the Lenders pursuant to Section 6.01 or any other clause of this Section 6.02;

   

  
    

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  (f)           promptly, and in any event within five Business Days after
        receipt thereof by the Borrower 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 investigation or possible investigation or
        other inquiry (other than SEC comment letters issued in the ordinary course in connection with required disclosure filings and inquiries, notices and communication from the SEC in connection with any routine audit or exam of American Money
        Management Corporation in its capacity as a registered investment adviser) by such agency regarding financial or other operational results of the Borrower or any of its Subsidiaries;

   

  (g)          promptly following any request therefor, information and
        documentation reasonably requested by the Administrative Agent or any Lender for purposes of compliance with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the PATRIOT Act and the
        Beneficial Ownership Regulation; and

   

  (h)          promptly, such additional information regarding the business,
        financial or corporate affairs of the Borrower or any Subsidiary, or compliance with the terms of the Loan Documents, as the Administrative Agent or any Lender may from time to time reasonably request.

   

  Documents required to be delivered pursuant to Section 6.01(a), (b), or (c) or Section 6.02(d) (to the extent any such documents are included in materials
    otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which the Borrower posts such documents, or provides a link thereto on the Borrower’s website on the Internet
    at the website address listed on Schedule 10.02; or (ii) on which such documents are posted on the Borrower’s behalf on an Internet or intranet website, if any, to which each Lender and the
    Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent); provided that the Borrower shall deliver paper or electronic
    copies of such documents to the Administrative Agent or any Lender that requests the Borrower to deliver such copies until a written request to cease delivering paper copies is given by the Administrative Agent or such Lender. Except for such
    Compliance Certificates, the Administrative Agent shall have no obligation to request the delivery or to maintain copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by the Borrower with any
    such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents.

   

  The Borrower hereby acknowledges that (a) the Administrative Agent and/or BofA Securities, Inc. may, but shall not be obligated to, make available to
    the Lenders and the L/C Issuer materials and/or information provided by or on behalf of the Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on Debt
    Domain, IntraLinks, Syndtrak or another similar electronic system (the “Platform”) and (b) certain of the Lenders may be “public-side” Lenders (i.e., Lenders that do not wish to receive material non-public information with respect to the Borrower or its Affiliates or the respective securities of the foregoing, and who may be engaged in investment and other
    market-related activities with respect to such Persons’ securities) (each, a “Public Lender”).  The Borrower hereby agrees that (w) all Borrower Materials that are to be made available to
    Public Lenders shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC,” the Borrower shall be deemed to
    have authorized the Administrative Agent, the Arranger, the L/C Issuer and the Lenders to treat such Borrower Materials as either publicly available information or not material information (although it may be sensitive and proprietary) with respect to
    the Borrower or its securities for purposes of United States Federal and state securities laws; (y) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated “Public Investor;” and (z) the
    Administrative Agent and the Arrangers shall be entitled to treat any Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public Investor.”

   

  
    

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  6.03        Notices.  Promptly notify the Administrative Agent and
      each Lender:

   

  (a)          of the occurrence of any Default;

   

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

   

  (c)          of the occurrence of any ERISA Event;

   

  (d)          of any material change in accounting policies or financial
        reporting practices by the Borrower or any Subsidiary, which is not otherwise disclosed or described in the Borrower’s filings on Forms 10-K or 10-Q; and

   

  (e)          of any announcement by Moody’s or S&P of any change in a
        Debt Rating or that the Debt Ratings are on “Credit Watch” (or similar status) for a potential change.

   

  Each notice pursuant to this Section (other than Section 6.03(e)) shall be accompanied by a
    statement of a Responsible Officer of the Borrower setting forth details of the occurrence referred to therein and stating what action the Borrower has taken and proposes to take with respect thereto.  Each notice pursuant to Section 6.03(a) shall describe with particularity any and all provisions of this Agreement and any other Loan Document that have been breached.

   

  6.04        Payment of Obligations.  Pay and discharge as the same
      shall become due and payable, all its obligations and liabilities, including (a) all tax liabilities, assessments and governmental charges or levies upon it or its properties or assets, unless the same are being contested in good faith by appropriate
      proceedings diligently conducted and adequate reserves in accordance with GAAP are being maintained by the Borrower or any Subsidiary; (b) all lawful claims which, if unpaid, would by law become a Lien upon its property; and (c) all Indebtedness, as
      and when due and payable, but subject to any subordination provisions contained in any instrument or agreement evidencing such Indebtedness.

   

  
    

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  6.05      

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

   

  6.06        Maintenance of Properties.  (a) Maintain, preserve and
      protect all of its material properties and equipment necessary in the operation of its business in good working order and condition, ordinary wear and tear excepted; and (b)
      make all necessary repairs thereto and renewals and replacements thereof except where the failure to do so could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect; and (c) use the standard of care typical in the industry in the operation and maintenance of its facilities.

   

  6.07        Maintenance of Insurance.  Maintain with financially
      sound and reputable insurance companies not Affiliates of the Borrower, insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such
      types and in such amounts (after giving effect to any self-insurance compatible with the following standards) as are customarily carried under similar circumstances by such
      other Persons and providing for not less than 30 days’ prior notice to the Administrative Agent of
        termination, lapse or cancellation of such insurance.

   

  6.08        Compliance with Laws.  Comply in all material respects
      with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its business or property, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in
      good faith by appropriate proceedings diligently conducted; or (b) the failure to comply therewith could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

   

  6.09        Books and Records.  (a) Maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the
      assets and business of the Borrower and each Subsidiary; and (b) maintain such books of record and account in
        material conformity with all applicable requirements of any Governmental Authority having regulatory jurisdiction over the Borrower and each Subsidiary.

   

  6.10        Inspection Rights.  Permit representatives and
      independent contractors of the Administrative Agent and each Lender to visit and inspect any of its properties, to examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss its affairs,
      finances and accounts with its directors, officers, and independent public accountants, all at the expense of the Borrower and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the Borrower; provided, however, that when an Event of Default exists the Administrative Agent or any Lender (or any of their respective representatives or independent contractors) may do any of the foregoing at the
      expense of the Borrower at any time during normal business hours and without advance notice.

   

  
    

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  6.11        Use of Proceeds.  Use the proceeds of the Credit
      Extensions for working capital, capital expenditures and other general corporate purposes and not in contravention of any Law or of any Loan Document.

   

  6.12        Maintenance of Insurance Licenses.  Maintain all
      insurance licenses in good standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such license to conduct such business.

   

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

   

  ARTICLE VII.

  NEGATIVE COVENANTS

   

  So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation hereunder shall remain unpaid or unsatisfied:

   

  7.01        Liens.  The Borrower shall not, nor shall it permit any
      of its Subsidiaries to, directly or indirectly, create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than the following:

   

  (a)          Liens pursuant to any Loan Document;

   

  (b)          Investments on deposit with (i) Insurance Authorities that are
        required by statute or regulation or (ii) any bank or financial institution in support of a letter of credit issued to The Society and Council of Lloyd’s;

   

  (c)          Liens on the assets of the Borrower and its Subsidiaries
        (other than the Equity Interest of GAIC, GALIC or any other Insurance Subsidiary that is a Significant Subsidiary) so long as no Default exists either before or immediately after giving effect to the creation of such Liens; provided, however, that the aggregate amount of Indebtedness of the Borrower and its Subsidiaries at any time outstanding which is
        secured by Liens permitted under this Section 7.01(c) shall not exceed $200,000,000;

   

  (d)          Liens securing Indebtedness of any of the Subsidiaries owing
        to (i) the Borrower or (ii) any other Subsidiary; provided, however, that the aggregate amount of Indebtedness of the
        Subsidiaries at any time outstanding which is secured by Liens permitted under this Section 7.01(d)(ii) shall not exceed $50,000,000;

   

  (e)          Purchase money Liens (including mortgages, conditional sales,
        Capitalized Leases and any other title retention or deferred purchase devices) in property of the Borrower or any of its Subsidiaries existing or created at the time of acquisition thereof, and the extension and refunding of any such Lien in an
        amount not exceeding the amount thereof remaining unpaid immediately prior to such extension or refunding; provided, however,
        that the principal amount of Indebtedness (including Indebtedness in respect of Capitalized Lease Obligations) secured by each such Lien shall not exceed the fair market value (including all such Indebtedness secured thereby, whether or not
        assumed) of the property subject thereto at the time of acquisition thereof;

   

  
    

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  (f)           Liens on property in existence at the time such property is
        acquired pursuant to an Acquisition or on the property of a Subsidiary of the Borrower in existence at the time such Subsidiary is acquired pursuant to an Acquisition; provided, that such Liens are not incurred in connection with or in anticipation of such Acquisition and do not attach to any other assets of the Borrower or any other Subsidiary;

   

  (g)          Liens on securities owned by any Subsidiary which are pledged
        to the Federal Home Loan Bank Board (the “FHLBB”) to secure funding advances made by the FHLBB to such Subsidiary in the ordinary course of business; and

   

  (h)          Liens to secure Non-Recourse Real Estate Indebtedness of the
        Borrower and its Subsidiaries, provided such Liens are and will remain confined to the property or assets subject to it at the time of its creation (and to fixed improvements thereafter) erected on such property or assets.

   

  7.02        [Reserved].

   

  7.03        Indebtedness.  The Borrower
      shall not permit any of its Subsidiaries to, directly or indirectly, create, incur, assume or suffer to exist any Indebtedness, except:

   

  (a)          Indebtedness in respect of the Letters of Credit and other
        letters of credit issued in the ordinary course of business;

   

  (b)          Non-Recourse Real Estate Indebtedness; provided, that at the
        time of incurrence of such Indebtedness and immediately after giving effect thereto, no Default exists or could result therefrom,

   

  (c)          Intercompany Indebtedness; provided that the aggregate outstanding amount of Intercompany Indebtedness that is owing to an Affiliate or a Subsidiary that is not a Wholly-Owned Subsidiary, together with the aggregate outstanding amount of
        Indebtedness of Subsidiaries of the type set forth in clauses (h) (provided that only the portion of Existing Indebtedness then outstanding as of the date of determination shall be included) and (i) below shall not exceed $500,000,000 at any time;

   

  (d)          Indebtedness in respect of Capitalized Leases and purchase
        money obligations for fixed or capital assets within the limitations set forth in Section 7.01(e);

   

  (e)          Indebtedness of any Person that becomes a Subsidiary of the
        Borrower in an Acquisition, which Indebtedness is existing at the time such Person becomes a Subsidiary of the Borrower (other than Indebtedness incurred solely in contemplation of such Person’s becoming a Subsidiary of the Borrower) and provided
        such Indebtedness is Non-Recourse Indebtedness to the Borrower;

   

  
    

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  (f)           Indebtedness in respect of advances or borrowings from the
        FHLBB made in the ordinary course of business;

   

  (g)          Indebtedness under Swap Contracts entered into for bona fide
        hedging activities (and not for speculative purposes);

   

  (h)          Existing Indebtedness; and

   

  (i)          other Indebtedness at any time outstanding; provided, (1) that
        at the time of incurrence of such Indebtedness and immediately after giving effect thereto, no Default exists or could result therefrom, and (2) the aggregate outstanding amount of Intercompany Indebtedness that is owing to an Affiliate or a
        Subsidiary that is not a Wholly-Owned Subsidiary, together with the aggregate outstanding amount of Indebtedness of Subsidiaries of the type set forth in clause (h) above (provided that only the portion of Existing Indebtedness then outstanding as
        of the date of determination shall be included) and this clause (i) shall not exceed $500,000,000 at any time.

   

  7.04        Fundamental Changes.  The Borrower shall not, nor shall
      it permit any of its Subsidiaries to, directly or indirectly, merge, dissolve, liquidate, consolidate with or into another Person, or Dispose of any assets (whether now owned or hereafter acquired) to or in favor of any Person (including, in each
      case, pursuant to a Division), except that, so long as no Default exists or would result therefrom:

   

  (a)          the Borrower may become party to any merger or consolidation
        of which the Borrower is the surviving entity so long as immediately after giving effect to such transaction no Default shall occur or be continuing and the Borrower can demonstrate pro

          forma compliance with the financial covenants contained in Section 7.10 of this Agreement immediately after giving effect to such transaction;

   

  (b)          subject to clause (a) above, any Subsidiary of the Borrower
        may be merged into or consolidated with, or may sell, lease or otherwise dispose of any of its assets to, the Borrower or any other Subsidiary of the Borrower, so long as in the case of a merger or consolidation involving the Borrower, the Borrower
        shall be the surviving or resulting Person;

   

  (c)          the Borrower and its Subsidiaries may dispose of assets in the
        ordinary course of business that are no longer used or useful in such business or with respect to any business that is discontinued; and

   

  (d)          subject to clause (a) above, the Borrower and its Subsidiaries
        may from time to time sell or dispose of assets on arm’s length terms; provided, however, that:

   

  
    
      (i)          after giving effect to the sale of all assets pursuant to Section 7.04(d), the Borrower and its Subsidiaries together have equity (determined in accordance with GAAP) of not less than 60% of the equity of the Borrower and its Subsidiaries on
        September 30, 2020; and

    

  

  
    

    

    
      (ii)         the assets sold pursuant to this Section 7.04(d) shall not have contributed revenue, determined in accordance with GAAP, over the period of four fiscal quarters prior to the respective sales exceeding 40% of the revenue of the Borrower and its
        Subsidiaries for the four fiscal quarters ended September 30, 2020.

       

      

    

  

  
    

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  7.05        [Reserved].

   

  7.06       Change in Nature of Business.  The Borrower shall not, nor shall it permit any of its Subsidiaries to, directly or indirectly, engage in any material line of business other than those lines of business conducted by the Borrower and its Subsidiaries described in the
      Borrower’s 2019 Form 10-K and in businesses reasonably related thereto.

   

  7.07        Transactions with Affiliates.  The Borrower shall not,
      nor shall it permit any of its Subsidiaries to, directly or indirectly, enter into any transaction of any kind with any of its Affiliates (other than the Borrower or any of its Subsidiaries) on a basis less favorable to the Borrower or any such
      Subsidiary than if the transaction had been effected with a non‐Affiliate other than transactions involving less than $10,000,000 per year in the aggregate.

   

  7.08        [Reserved].

   

  7.09        Use of Proceeds.  The Borrower shall not, nor shall it
      permit any of its Subsidiaries to, directly or indirectly, use the proceeds of any Credit Extension, whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of
      Regulation U) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund indebtedness originally incurred for such purpose.

   

  7.10        Financial Covenants.

   

  (a)          Consolidated
            Net Worth.  The Borrower shall not permit Consolidated Net Worth on the last day of any fiscal quarter after September 30, 2020 to be less than $4,167,800,000.

   

  (b)          Consolidated
            Total Financing Debt to Total Capitalization.  The Borrower shall not permit the ratio of Consolidated Total Financing Debt to Total Capitalization to exceed 0.350 to 1.00 on the last day of any fiscal quarter during the term of this
        Agreement.

   

  For purposes of calculating Consolidated Net Worth and Consolidated Total Financing Debt as of any date, subordinated debentures and the Indebtedness
    under subordinated debentures issued in connection therewith (the “Hybrid Securities”) will be accorded the same capital treatment as given to such Hybrid Securities by S&P on such date; provided, however, that the maximum amount of Hybrid Securities which may be included in Consolidated Net Worth and excluded from
    Consolidated Total Financing Debt at any time shall not exceed 15% of “Total Shareholders’ Equity” on its Form 10-K or Form 10-Q.  As of the Closing Date, 100% of the outstanding Hybrid Securities are treated as equity by S&P, accordingly, 100% of
    the outstanding Hybrid Securities would be included in calculating Consolidated Net Worth and 100% of the related Indebtedness under the subordinated debentures would be excluded in calculating Consolidated Total Financing Debt.

   

  7.11        [Reserved].

   

  
    

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  7.12        [Reserved].

   

  7.13        [Reserved].

   

  7.14        [Reserved].

   

  7.15        Sanctions.  The Borrower shall not, nor shall it permit
      any Subsidiary to, directly or indirectly, use the proceeds of any Credit Extension, or lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner or other individual or entity, to fund or facilitate any
      activities of or business with any individual or entity, or in any Designated Jurisdiction, that, at the time of such funding, is the subject of Sanctions, or in any other manner that will result in a violation by any individual or entity (including
      any individual or entity participating in the transaction, whether as Lender, Arranger, Administrative Agent, L/C Issuer or otherwise) of Sanctions.

   

  7.16       Anti-Corruptions Laws.  The Borrower shall not, nor
      shall it permit any Subsidiary to, directly or indirectly, use the proceeds of any Credit Extension for any purpose which would breach the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010,  and other similar
      anti-corruption legislation in other jurisdictions.

   

  
    ARTICLE VIII.

    EVENTS OF DEFAULT AND REMEDIES 

     

    8.01        Events of Default. Any of the following shall constitute an event of default (each, an “Event of Default”):

     

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

     

    (b)          Specific Covenants.  The Borrower fails to perform or observe any term, covenant or agreement contained in any of Section 6.03(a), (b), (c) or (d), 6.05, 6.10, or 6.11 or Article VII; or

     

    (c)          Other Defaults.  Any Loan Party fails to perform or observe any other covenant or agreement (not specified in subsection (a) or (b) above) contained in any Loan Document on its part to be performed or observed and such failure continues for 30 days; or

     

    (d)          Representations and Warranties.  Any representation, warranty, certification or statement of fact made or deemed made by or on behalf of either Borrower or any other Loan Party herein, in any other Loan Document, or in
          any document delivered in connection herewith or therewith shall be materially incorrect or misleading when made or deemed made; or

     

    
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    (e)         Cross-Default.  (i) The Borrower or any of its Subsidiaries (A) fails to make any payment when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Indebtedness or
          Guarantee (other than Indebtedness hereunder, Non-Recourse Real Estate Indebtedness (excluding recourse obligations or liabilities for fraud, environmental matters and other customary non-recourse carve-outs in respect of any such Non-Recourse
          Real Estate Indebtedness) and Indebtedness under Swap Contracts) having an aggregate principal amount (including undrawn committed or available amounts and including amounts owing to all creditors under any combined or syndicated credit
          arrangement) of more than $75,000,000, or (B) fails to observe or perform any other agreement or condition relating to any such Indebtedness or Guarantee or contained in any instrument or agreement evidencing, securing or relating thereto, or any
          other event occurs, the effect of which default or other event is to cause, or to permit the holder or holders of such Indebtedness or the beneficiary or beneficiaries of such Guarantee (or a trustee or agent on behalf of such holder or holders
          or beneficiary or beneficiaries) to cause, with the giving of notice if required, such Indebtedness to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase,
          prepay, defease or redeem such Indebtedness to be made, prior to its stated maturity, or such Guarantee to become payable or cash collateral in respect thereof to be demanded; or (ii) there occurs under any Swap Contract an Early Termination Date
          (as defined in such Swap Contract) resulting from (A) any event of default under such Swap Contract as to which the Borrower or any of its Subsidiaries is the Defaulting Party (as defined in such Swap Contract) or (B) any Termination Event (as so
          defined) under such Swap Contract as to which the Borrower or any of its Subsidiaries is an Affected Party (as so defined) and, in either event, the Swap Termination Value owed by the Borrower or such Subsidiary as a result thereof is greater
          than $75,000,000; or

     

    (f)           Insolvency Proceedings, Etc.  The Borrower or any of its Significant Subsidiaries institutes or consents to the institution of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit of
          creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for all or any material part of its property; or any receiver, trustee, custodian,
          conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of such Person and the appointment continues undischarged or unstayed for 60 calendar days; or any proceeding under any Debtor Relief Law
          relating to any such Person or to all or any material part of its property is instituted without the consent of such Person and continues undismissed or unstayed for 60 calendar days, or an order for relief is entered in any such proceeding; or

     

    (g)          Inability to Pay Debts; Attachment.  (i) The Borrower or any of its Significant Subsidiaries becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or
          warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within 30 days after its issue or levy; or

     

    (h)          Judgments.  There is entered against the Borrower or any of its Significant Subsidiaries (i) one or more final judgments or orders for the payment of money in an aggregate amount (as to all such judgments or orders)
          exceeding $75,000,000 (to the extent not covered by independent third-party insurance as to which the insurer does not dispute coverage), or (ii) any one or more non-monetary final judgments that have, or could reasonably be expected to have,
          individually or in the aggregate, a Material Adverse Effect and, in either case, (A) enforcement proceedings are commenced by any creditor upon such judgment or order, or (B) there is a period of 10 consecutive days during which a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, is not in effect; or

     

    
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    (i)           ERISA.  (i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan which has resulted or could reasonably be expected to result in liability of the Borrower or any of its Subsidiaries under Title IV of
          ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount in excess of $75,000,000, or (ii) the Borrower or any ERISA Affiliate fails to pay when due, after the expiration of any applicable grace period, any installment
          payment with respect to its withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan in an aggregate amount in excess of $75,000,000; or

     

    (j)           Invalidity of Loan Documents.  Any provision of any Loan Document, at any time after its execution and delivery and for any reason other than as
          expressly permitted hereunder or thereunder or satisfaction in full of all the Obligations, ceases to be in full force and effect; or any Loan Party or any of its Affiliates contests in any manner the validity or enforceability of any provision of any Loan Document; or any Loan Party denies that it has any or further liability or obligation under any Loan Document, or purports to revoke, terminate or rescind
          any provision of any Loan Document; or

     

    (k)          Change of Control.  There occurs any Change of Control; or

     

    (l)           Business Prohibitions.  GAIC, GALIC or any other Insurance Subsidiary shall be prohibited by law from engaging in the business of effecting and carrying out of contracts of insurance, and such prohibition would have a
          Material Adverse Effect; or

     

    (m)        Governmental and Insurance Authority Decrees.  Any Governmental Authority or Insurance Authority shall issue an order or decree which would require GAIC, GALIC or any other Insurance Subsidiary to reduce or terminate any
          substantial part of its insurance business, and such event would have a Material Adverse Effect.

     

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

     

    (a)           declare the commitment of each Lender
          to make Loans to be terminated, whereupon such commitments shall be terminated;

     

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

     

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

     

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

     

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

     

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

     

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

     

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

     

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

     

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

     

    Fifth, to the Administrative Agent for the
        account of the L/C Issuer, to Cash Collateralize that portion of L/C Obligations comprised of the aggregate undrawn amount of Letters of Credit to the extent not otherwise Cash Collateralized by the Borrower pursuant to Sections 2.03 and 2.14;

     

    Sixth, to payment of any remaining
        outstanding unpaid Obligations, ratably among the Lenders in proportion to the respective amounts described in this clause Sixth held by them; and

     

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

     

    
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    Subject to Sections 2.03(c) and 2.14, amounts
      used to Cash Collateralize the aggregate undrawn amount of Letters of Credit pursuant to clause Fifth above shall be applied to satisfy drawings under such Letters of Credit as they occur. 
      If any amount remains on deposit as Cash Collateral after all Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied to the other Obligations, if any, in the order set forth above.

     

    ARTICLE IX.

    ADMINISTRATIVE AGENT

     

    9.01        Appointment and Authority. Each of the Lenders and the L/C Issuer hereby irrevocably appoints Bank of America to act on its behalf as the Administrative Agent hereunder and under the other Loan Documents and
      authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental
      thereto.  The provisions of this Article are solely for the benefit of the Administrative Agent, the Lenders and the L/C Issuer, and the Borrower shall not have rights as a third party beneficiary of any of such provisions.  It is understood and
      agreed that the use of the term “Agent” herein or in any other Loan Documents (or any other similar term) with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under any
      agency doctrine of any applicable Law.  Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties.

     

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

     

    9.03        Exculpatory Provisions. The Administrative Agent and the Arrangers (as applicable) shall not have any duties or obligations except those expressly set forth herein and in the other Loan Documents, and its duties
      hereunder shall be administrative in nature.  Without limiting the generality of the foregoing, the Administrative Agent and the Arrangers (as applicable):

     

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

     

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

     

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

     

    The Administrative Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the request of the Required Lenders
      (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections
          10.01 and 8.02) or (ii) in the absence of its own gross negligence or willful misconduct, as determined by a court of competent jurisdiction by final and non-appealable
      judgment.  The Administrative Agent shall be deemed not to have knowledge of any Default unless and until notice describing such Default is given to the Administrative Agent by the Borrower, a Lender or the L/C Issuer.

     

    The Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made
      in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of
      the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement,
      instrument or document or (v) the satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the
      Administrative Agent.

     

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

     

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

     

    9.06        Resignation of Administrative Agent.

     

    (a)          The Administrative Agent may at any
          time give notice of its resignation to the Lenders, the L/C Issuer and the Borrower.  Upon receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation with the Borrower, to appoint a successor, which
          shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States, in each case, having a combined capital and surplus of at least $200,000,000.  If no such successor shall have been so
          appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation (or such earlier day as shall be agreed by the Required Lenders) (the “Resignation Effective Date”), then the retiring Administrative Agent may (but shall not be obligated to) on behalf of the Lenders and the L/C Issuer, appoint a successor Administrative Agent
          meeting the qualifications set forth above.  Whether or not a successor has been appointed, such resignation shall become effective in accordance with such notice on the Resignation Effective Date.

     

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

     

    
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    (c)          With effect from the Resignation
          Effective Date or the Removal Effective Date (as applicable) (1) the retiring or removed Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by the Administrative Agent on behalf of the Lenders or the L/C Issuer under any of the Loan Documents, the retiring or removed Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is appointed) and (2) except for any indemnity payments
          or other amounts then owed to the retiring or removed Administrative Agent, all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender and the L/C
          Issuer directly, until such time, if any, as the Required Lenders appoint a successor Administrative Agent as provided for above.  Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed to
          and become vested with all of the rights, powers, privileges and duties of the retiring (or removed) Administrative Agent (other than as provided in Section 3.01(g) and other than any
          rights to indemnity payments or other amounts owed to the retiring or removed Administrative Agent as of the Resignation Effective Date or the Removal Effective Date, as applicable), and the retiring or removed Administrative Agent shall be
          discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this Section).  The fees payable by the Borrower to a successor Administrative Agent shall be
          the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor.  After the retiring or removed Administrative Agent’s resignation or removal hereunder and under the other Loan Documents, the
          provisions of this Article and Section 10.04 shall continue in effect for the benefit of such retiring or removed
          Administrative Agent, its sub agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them (i) while the retiring or removed Administrative Agent was acting as Administrative Agent and (ii)
          after such resignation or removal for as long as any of them continues to act in any capacity hereunder or under the other Loan Documents, including (a) acting as collateral agent or otherwise holding any collateral security on behalf of any of
          the Lenders and (b) in respect of any actions taken in connection with transferring the agency to any successor Administrative Agent.

     

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

     

    
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    9.07        Non-Reliance on Administrative Agent and Other Lenders. Each Lender and the L/C Issuer expressly acknowledges that none of the Administrative Agent nor any Arranger has made any representation or warranty to it,
      and that no act by the Administrative Agent or any Arranger hereafter taken, including any consent to, and acceptance of any assignment or review of the affairs of any Loan Party of any Affiliate thereof, shall be deemed to constitute any
      representation or warranty by the Administrative Agent or any Arranger to any Lender or the L/C Issuer as to any matter, including whether the Administrative Agent or the Arrangers have disclosed material information in their (or their Related
      Parties’) possession.  Each Lender and the L/C Issuer represents to the Administrative Agent and the Arrangers that it has, independently and without reliance upon the Administrative Agent, the Arrangers, any other Lender or any of their Related
      Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis of, appraisal of, and investigation into, the business, prospects, operations, property, financial and other condition and creditworthiness
      of the Loan Parties and their Subsidiaries, and all applicable bank or other regulatory Laws relating to the transactions contemplated hereby, and made its own decision to enter into this Agreement and to extend credit to the Borrower hereunder. 
      Each Lender and the L/C Issuer also acknowledges that it will, independently and without reliance upon the Administrative Agent, any Arranger, any other Lender or any of their Related Parties and based on such documents and information as it shall
      from time to time deem appropriate, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished
      hereunder or thereunder, and to make such investigations as it deems necessary to inform itself as to the business, prospects, operations, property, financial and other condition and creditworthiness of the Loan Parties.  Each Lender and the L/C
      Issuer represents and warrants that (i) the Loan Documents set forth the terms of a commercial lending facility and (ii) it is engaged in making, acquiring or holding commercial loans in the ordinary course and is entering into this Agreement as a
      Lender or L/C Issuer for the purpose of making, acquiring or holding commercial loans and providing other facilities set forth herein as may be applicable to such Lender or L/C Issuer, and not for the purpose of purchasing, acquiring or holding any
      other type of financial instrument, and each Lender and the L/C Issuer agrees not to assert a claim in contravention of the foregoing. Each Lender and the L/C Issuer represents and warrants that it is sophisticated with respect to decisions to make,
      acquire and/or hold commercial loans and to provide other facilities set forth herein, as may be applicable to such Lender or such L/C Issuer, and either it, or the Person exercising discretion in making its decision to make, acquire and/or hold such
      commercial loans or to provide such other facilities, is experienced in making, acquiring or holding such commercial loans or providing such other facilities.

     

    9.08        No Other Duties, Etc. Anything herein to the contrary notwithstanding, none of the Arrangers, Syndication Agents listed on the cover page hereof shall have any powers, duties or responsibilities under this
      Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the Administrative Agent, a Lender or the L/C Issuer hereunder.

     

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

     

    (a)           to file and prove a claim for the
          whole amount of the principal and interest owing and unpaid in respect of the Loans, L/C Obligations and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims
          of the Lenders, the L/C Issuer and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the L/C Issuer and the Administrative Agent and their respective agents and
          counsel and all other amounts due the Lenders, the L/C Issuer and the Administrative Agent under Sections 2.03(h) and (i), 2.08 and 10.04) allowed in such judicial proceeding; and

     

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

     

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

          2.08 and 10.04.

     

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

     

    9.10        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 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 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 Letters of Credit, the
          Commitments or this Agreement,

     

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

     

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

     

    (b)          In addition, unless either (1)
          sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or (2) a Lender has provided another representation, warranty and covenant in accordance with sub-clause (iv) in the immediately preceding clause (a), such
          Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the
          benefit of, the Administrative Agent, 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 none of the Administrative Agent, or any Arranger, or
          any of their respective Affiliates, is a fiduciary with respect to the assets of such Lender involved in 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).

     

    ARTICLE X.

    MISCELLANEOUS

     

    10.01      Amendments, Etc. Subject to Sections 3.03(c) and 3.03(d), 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 and the Borrower or the applicable Loan Party, as the case may be, and acknowledged by the Administrative Agent, and each such waiver or consent shall be effective
      only in the specific instance and for the specific purpose for which given; provided, however, that no such amendment, waiver or
      consent shall:

     

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

     

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

     

    (c)          postpone any date fixed by this
          Agreement or any other Loan Document for any payment of principal, interest, fees or other amounts due to the Lenders (or any of them) hereunder or under any other Loan Document without the written consent of each Lender directly affected
          thereby;

     

    
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    (d)          reduce the principal of, or the rate
          of interest specified herein on, any Loan or L/C Borrowing, or (subject to clause (iii) and (iv) of the second proviso to
          this Section 10.01) any fees or other amounts payable hereunder or under any other Loan Document without the written consent of each Lender directly affected thereby; provided, 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 or Letter of Credit Fees at the Default Rate;

     

    (e)           change Section 2.12 or Section 8.03 in a manner that would alter the pro rata sharing of payments required thereby or change the order of application of
          payments in Section 8.03, in each case, without the written consent of each Lender; or

     

    (f)           change any provision of this Section
          or the definition of “Required Lenders” or any other provision hereof specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination or grant any consent hereunder,
          without the written consent of each Lender;

     

    and, provided further, that (i) no amendment,
      waiver or consent shall, unless in writing and signed by the L/C Issuer in addition to the Lenders required above, affect the rights or duties of the L/C Issuer under this Agreement or any Issuer Document relating to any Letter of Credit issued or to
      be issued by it; (ii) no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent in addition to the Lenders required above, affect the rights or duties of the Administrative Agent under this Agreement or any other
      Loan Document; (iii) the Arrangers Fee Letter may be amended, or rights or privileges thereunder waived, in a writing executing only by the parties thereto; (iv) the Agent Fee Letter may be amended, or rights or privileges thereunder waived, in a
      writing executed only by the parties thereto.  Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent which
      by its terms requires the consent of all Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders), except that (x) the Commitment of any Defaulting Lender may not be increased or
      extended without the consent of such Lender and (y) any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that by its terms affects any Defaulting Lender disproportionately adversely relative to other
      affected Lenders shall require the consent of such Defaulting Lender.

     

    10.02       Notices; Effectiveness; Electronic Communication.

     

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

     

    (i)           if to the
          Borrower, the Administrative Agent or the L/C Issuer, to the address, facsimile number, electronic mail address or telephone number specified for such Person on Schedule 10.02; and

     

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

     

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

     

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

     

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

     

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

     

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

     

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

     

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

     

    
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    Notwithstanding anything to the contrary contained herein or in any other Loan Document, the authority to enforce rights and remedies hereunder and
      under the other Loan Documents against the Loan Parties or any of them shall be vested exclusively in, and all actions and proceedings at law in connection with such enforcement shall be instituted and maintained exclusively by, the Administrative
      Agent in accordance with Section 8.02 for the benefit of all the Lenders and the L/C Issuer; provided, however, that the foregoing shall not prohibit (a) the Administrative Agent from exercising on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as
      Administrative Agent) hereunder and under the other Loan Documents, (b) the L/C Issuer from exercising the rights and remedies that inure to its benefit (solely in its capacity as L/C Issuer) hereunder and under the other Loan Documents, (c) any
      Lender from exercising setoff rights in accordance with Section 10.08 (subject to the terms of Section 2.12), or (d) any Lender
      from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding relative to any Loan Party under any Debtor Relief Law; and provided, further, that if at any time there is no Person acting as Administrative Agent hereunder and under the other Loan Documents, then (i) the Required Lenders shall have the rights otherwise
      ascribed to the Administrative Agent pursuant to Section 8.02 and (ii) in addition to the matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject to Section 2.12, any
      Lender may, with the consent of the Required Lenders, enforce any rights and remedies available to it and as authorized by the Required Lenders.

     

    10.04      Expenses; Indemnity; Damage Waiver.

     

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

     

    
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    (b)          Indemnification by the Borrower.  The Borrower shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender and the L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person
          being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the fees, charges and
          disbursements of any counsel for any Indemnitee), and shall indemnify and hold harmless each Indemnitee from all fees and time charges and disbursements for attorneys who may be employees of any Indemnitee, incurred by any Indemnitee or asserted
          against any Indemnitee by any Person (including the Borrower or any other Loan Party) other than such Indemnitee and its Related Parties arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any
          other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder, the consummation of the transactions contemplated hereby or thereby,
          or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents (including in respect of any matters addressed in Section 3.01), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by the L/C Issuer to honor a demand for payment under a Letter of Credit if the
          documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on or from any property owned or operated by the Borrower
          or any of its Subsidiaries, or any Environmental Liability related in any way to the Borrower or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether
          based on contract, tort or any other theory, whether brought by a third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto,
            IN ALL CASES, WHETHER OR NOT CAUSED BY OR ARISING, IN WHOLE OR IN PART, OUT OF THE COMPARATIVE, CONTRIBUTORY OR SOLE NEGLIGENCE OF THE INDEMNITEE; provided that such indemnity
          shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final and non-appealable judgment to have resulted from the
          gross negligence or willful misconduct of such Indemnitee or (y) result from a claim brought by the Borrower or any other Loan Party against an Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan
          Document, if the Borrower or such Loan Party has obtained a final and non-appealable judgment in its favor on such claim as determined by a court of competent jurisdiction.  Without limiting the provisions of Section 3.01(c), this Section 10.4(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any
          non-Tax claim,

     

    (c)          Reimbursement by Lenders.  To the extent that the Borrower for any reason fails to indefeasibly pay any amount required under subsection (a) or (b) of this Section to be paid by it to the Administrative Agent (or any sub-agent thereof), the L/C Issuer or any Related Party of any of the foregoing, each Lender severally agrees to pay
          to the Administrative Agent (or any such sub-agent), the L/C Issuer or such Related Party, as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought based
          on each Lender’s share of the Total Credit Exposure at such time) of such unpaid amount (including any such unpaid amount in respect of a claim asserted by such Lender), such payment to be made severally among them based on such Lender’s
          Applicable Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought), provided that the unreimbursed expense or indemnified loss,
          claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent) or the L/C Issuer in its capacity as such, or against any Related Party of any of the foregoing
          acting for the Administrative Agent (or any such sub-agent) or the L/C Issuer in connection with such capacity.  The obligations of the Lenders under this subsection (c) are subject to
          the provisions of Section 2.11(d).

     

    
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    (d)         Waiver of Consequential Damages, Etc.  To the fullest extent permitted by applicable Law, the Borrower shall not assert, and hereby waives, and acknowledges that no other Person shall have, any claim against any
          Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any
          agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof.  No Indemnitee referred to in subsection

              (b) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed to such unintended recipients by such Indemnitee through telecommunications, electronic or
          other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby other than for direct or actual damages resulting from the gross negligence or willful
          misconduct of such Indemnitee as determined by a final and non-appealable judgment of a court of competent jurisdiction.

     

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

     

    (f)           Survival.  The agreements in this Section and the indemnity provisions of Section 10.02(e) shall survive the resignation of the Administrative Agent and the L/C
          Issuer, the replacement of any Lender, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all the other Obligations.

     

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

     

    
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    10.06      Successors and Assigns.

     

    (a)          Successors and Assigns Generally.  The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that neither
          the Borrower nor any other Letter of Credit Obligor may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each Lender and no Lender may assign or otherwise
          transfer any of its rights or obligations hereunder except (i) to an assignee or Qualified Institutional Buyer in accordance with the provisions of subsection (b) of this Section, (ii)
          by way of participation in accordance with the provisions of subsection (d) of this Section, or (iii) by way of pledge or assignment of a security interest subject to the restrictions
          of subsection (f) of this Section (and any other attempted assignment or transfer by any party hereto shall be null and void).  Nothing in this Agreement, expressed or implied, shall be
          construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in subsection (d) of
          this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the L/C Issuer and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

     

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

     

    (i)           Minimum Amounts.

     

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

     

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

     

    (ii)          Proportionate Amounts.  Each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect
          to the Loans or the Commitment assigned;

     

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

     

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

     

    (B)         the consent of the
          Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required if such assignment is to a Person that is not a Lender, an Affiliate of such Lender or an Approved Fund with respect to such Lender; and

     

    (C)         the consent of the
          L/C Issuer shall be required for any assignment.

     

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

     

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

     

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

     

    
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    Subject to acceptance and recording thereof by the Administrative Agent pursuant to subsection (c) of this
      Section, from and after the effective date specified in each Assignment and Assumption, the assignee or Qualified Institutional Buyer thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and
      Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement
      (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 3.01, 3.04, 3.05, and 10.04 with respect to facts and circumstances occurring prior to the effective date of such assignment; provided, that except to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting
      Lender will constitute a waiver or release of any claim of any party hereunder arising from such Lender having been a Defaulting Lender.  Upon request, the Borrower (at no expense to the Borrower) shall execute and deliver a Note to the assignee
      Lender.  Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this subsection shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and
      obligations in accordance with subsection (d) of this Section.

     

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

     

    (d)          Participations.  Any Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative Agent, sell participations to any Person (other than a natural Person, or a holding company, investment
          vehicle or trust for, or owned and operated for the primary benefit of one or more natural Persons, a Defaulting Lender, or the Borrower or any of the Borrower’s Affiliates or Subsidiaries) (each, a “Participant”)

          in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the Loans (including such Lender’s participations in L/C Obligations) 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 Borrower, the Administrative Agent, the Lenders and the L/C Issuer shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement, (iv) the
          amount of the participation sold shall not be less than $5,000,000 or increments of $1,000,000 in excess thereof, (v) the participations may be sold only to Qualified Institutional Buyers, (vi) the participants may not sell additional
          participations, and (vii) the Lender shall provide notice of such participation to the Administrative Agent and the Borrower.  For the avoidance of doubt, each Lender shall be responsible for the indemnity under Section 10.04(c) without regard to the existence of any participation.

     

    
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    Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to
      enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will
      not, without the consent of the Participant, agree to any amendment, waiver or other modification described in the first proviso to Section 10.01 that affects such Participant.  The
      Borrower agrees that each Participant shall be entitled to the benefits of Sections 3.01, 3.04 and 3.05 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to subsection (b) of this Section (it being understood that the documentation required under Section 3.01(e) shall be delivered to the Lender who sells the
      participation) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section; provided that such Participant (A) agrees to
      be subject to the provisions of Sections 3.06 and 10.13 as if it were an assignee under paragraph (b) of this Section and (B)
      shall not be entitled to receive any greater payment under Sections 3.01 or 3.04, with respect to any participation, than the
      Lender from whom it acquired the applicable participation would have been entitled to receive, except to the extent such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable
      participation.  Each Lender that sells a participation agrees, at the Borrower’s request and expense, to use reasonable efforts to cooperate with the Borrower to effectuate the provisions of Section
          3.06 with respect to any Participant.  To the extent permitted by Law, each Participant also shall be entitled to the benefits of Section 10.08 as though it were a Lender; provided that such Participant agrees to be subject to Section

          2.12 as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a
      register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under the Loan Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any
      Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that
      such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations.  The entries in the Participant Register shall be conclusive absent manifest error, and such Lender
      shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary.  For the avoidance of doubt, the Administrative Agent (in its
      capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register.

     

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

     

    (f)          Resignation as L/C Issuer after Assignment.  Notwithstanding anything to the contrary contained herein, if at any time Bank of America assigns all of its Commitment and Loans pursuant to subsection (b) above, Bank of America may, upon 30 days’ notice to the Borrower and the Lenders, resign as L/C Issuer.  In the event of any such resignation as L/C Issuer, the Borrower shall be entitled to appoint
          from among the Lenders a successor L/C Issuer hereunder; provided, however, that no failure by the Borrower to appoint any
          such successor shall affect the resignation of Bank of America as L/C Issuer.  If Bank of America resigns as L/C Issuer, it shall retain all the rights, powers, privileges and duties of the L/C Issuer hereunder with respect to all Letters of
          Credit outstanding as of the effective date of its resignation as L/C Issuer and all L/C Obligations with respect thereto (including the right to require the Lenders to make Base Rate Loans or fund risk participations in Unreimbursed Amounts
          pursuant to Section 2.03(c)).  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, as the case may be, and (b) the successor L/C Issuer shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements
          satisfactory to Bank of America to effectively assume the obligations of Bank of America with respect to such Letters of Credit.

     

    10.07      Treatment of Certain Information; Confidentiality. Each of the Administrative Agent, the Lenders and the L/C Issuer agrees to maintain the confidentiality of the Information (as defined below), except that
      Information may be disclosed (a) to its Affiliates and to its and its Related Parties (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such
      Information confidential), (b) to the extent required or requested by any regulatory authority purporting to have jurisdiction over such Person or its Related Parties (including any self-regulatory authority, such as the NAIC), (c) to the extent
      required by applicable Laws or regulations or by any subpoena or similar legal process, (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating
      to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or any
      prospective assignee of or Participant in, any of its rights and obligations under this Agreement or any Eligible Assignee invited to be a Lender pursuant to Section 2.13(c) or (ii) any
      actual or prospective party (or its Related Parties) to any swap, derivative or other transaction under which payments are to be made by reference to the Borrower and its obligations, this Agreement or payments hereunder, (g) on a confidential basis
      to (i) any rating agency in connection with rating the Borrower or its Subsidiaries or the credit facility provided hereunder or (ii) the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers or
      other market identifiers with respect to the credit facility provided hereunder, (h) with the consent of the Borrower or (i) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section, (y) becomes
      available to the Administrative Agent, any Lender, the L/C Issuer or any of their respective Affiliates on a nonconfidential basis from a source other than the Borrower or (z) is independently discovered or developed by a party hereto without
      utilizing any Information received from the Borrower or violating the terms of this Section 10.07.  In addition, the Administrative Agent and the Lenders may disclose the existence of this Agreement and information about this Agreement to market data
      collectors, similar service providers to the lending industry and service providers to the Agents and the Lenders in connection with the administration of this Agreement, the other Loan Documents, and the Commitments.  For purposes of this Section, “Information” means all information received from the Borrower or any Subsidiary relating to the Borrower or any Subsidiary or any of their respective businesses, other than any such information
      that is available to the Administrative Agent, any Lender or the L/C Issuer on a nonconfidential basis prior to disclosure by the Borrower or any Subsidiary, provided that, in the case of information received from the Borrower or any Subsidiary after
      the date hereof, such information is clearly identified at the time of delivery as confidential.  Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation
      to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information.

     

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

     

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

     

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

     

    10.10      Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which
      when taken together shall constitute a single contract.  This Agreement, the other Loan Documents, and any separate letter agreements with respect to fees payable to the Administrative Agent or the L/C Issuer, constitute the entire contract among the
      parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof.  Except as provided in Section
          4.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each
      of the other parties hereto.  Delivery of an executed counterpart of a signature page of this Agreement by facsimile or other electronic imaging means (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this
      Agreement.

     

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

     

    10.12      Severability. If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this
      Agreement and the other Loan Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of
      which comes as close as possible to that of the illegal, invalid or unenforceable provisions.  The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.  Without
      limiting the foregoing provisions of this Section 10.12, if and to the extent that the enforceability of any provisions in this Agreement relating to Defaulting Lenders shall be limited by
      Debtor Relief Laws, as determined in good faith by the Administrative Agent or the L/C Issuer, as applicable, then such provisions shall be deemed to be in effect only to the extent not so limited.

     

    
      101

      
        

    

    10.13      Replacement of Lenders. If the Borrower is entitled to replace a Lender pursuant to the provisions of Section 3.06, or if any Lender is a Defaulting
      Lender or a Non-Consenting Lender, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the
      restrictions contained in, and consents required by, Section 10.06), all of its interests, rights (other than its existing rights to payments pursuant to Sections 3.01 and 3.04) and obligations under this Agreement and the related Loan Documents to an Eligible Assignee that shall assume such obligations (which
      assignee may be another Lender, if a Lender accepts such assignment), provided that:

     

    (a)           the Borrower shall have paid to the
          Administrative Agent the assignment fee (if any) specified in Section 10.06(b);

     

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

     

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

     

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

     

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

     

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

     

    Each party hereto agrees that (a) an assignment required pursuant to this Section 10.13 may be effected pursuant to an Assignment and Assumption
      executed by the Borrower, the Administrative Agent and the assignee and (b) the Lender required to make such assignment need not be a party thereto in order for such assignment to be effective and shall be deemed to have consented to an be bound by
      the terms thereof; provided that, following the effectiveness of any such assignment, the other parties to such assignment agree to execute and deliver such documents necessary to evidence
      such assignment as reasonably requested by the applicable Lender, provided, further that any such documents shall be without
      recourse to or warranty by the parties thereto.

     

    
      102

      
        

    

    Notwithstanding anything in this Section 10.13 to the contrary, (i) the Lender that acts as the L/C Issuer may not be replaced hereunder at any time
      it has any Letter of Credit outstanding hereunder unless arrangements satisfactory to such Lender (including the furnishing of a backstop standby letter of credit in form and substance, and issued by an issuer, reasonably satisfactory to such L/C
      Issuer or the depositing of cash collateral into a cash collateral account in amounts and pursuant to arrangements reasonably satisfactory to such L/C Issuer) have been made with respect to such outstanding Letter of Credit and (ii) the Lender that
      acts as the Administrative Agent may not be replaced hereunder except in accordance with the terms of Section 9.06.

     

    10.14      Governing Law; Jurisdiction; Etc.

     

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

     

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

     

    
      103

      
        

    

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

     

    (d)         SERVICE OF PROCESS.  EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.02.  NOTHING IN THIS
          AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW.

     

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

     

    10.16     No Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of any other Loan
      Document), the Borrower acknowledges and agrees, and acknowledges its Affiliates’ understanding, that:  (i) (A) the arranging and other services regarding this Agreement provided by the Administrative Agent, the Arrangers and the Lenders are
      arm’s-length commercial transactions between the Borrower and its Affiliates, on the one hand, and the Administrative Agent, the Arrangers and the Lenders, on the other hand, (B) the Borrower has consulted its own legal, accounting, regulatory and
      tax advisors to the extent it has deemed appropriate, and (C) the Borrower is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; (ii) (A) the
      Administrative Agent, each Arranger and each Lender is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for
      the Borrower or any of its Affiliates, or any other Person and (B) neither the Administrative Agent, any Arranger nor any Lender has any obligation to the Borrower 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 Administrative Agent, the Arrangers and the Lenders and their respective Affiliates may be engaged in a broad range of transactions that involve interests
      that differ from those of the Borrower and its Affiliates, and neither the Administrative Agent, any Arranger nor any Lender has any obligation to disclose any of such interests
      to the Borrower or its Affiliates.  To the fullest extent permitted by Law, the Borrower hereby waives and releases any claims that it may have against the Administrative Agent, any Arranger or any Lender with respect to any breach or alleged breach
      of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby.

     

    
      104

      
        

    

    10.17     Electronic Execution of Documents. This Agreement and any document, amendment, approval, consent, information, notice, certificate, request, statement, disclosure or authorization related to this Agreement (each a
      “Communication”), including Communications required to be in writing, may be in the form of an Electronic Record and may be executed using Electronic Signatures.  The Borrower agrees that
      any Electronic Signature on or associated with any Communication shall be valid and binding on the Borrower (and its Subsidiaries, as applicable) to the same extent as a manual, original signature, and that any Communication entered into by
      Electronic Signature, will constitute the legal, valid and binding obligation of the Borrower (and its Subsidiaries, as applicable) enforceable against it in accordance with the terms thereof to the same extent as if a manually executed original
      signature was delivered.   Any Communication may be executed in as many counterparts as necessary or convenient, including both paper and electronic counterparts, but all such counterparts are one and the same Communication.  For the avoidance of
      doubt, the authorization under this paragraph may include, without limitation, use or acceptance by the Administrative Agent and each of the Lenders of a manually signed paper Communication which has been converted into electronic form (such as
      scanned into PDF format), or an electronically signed Communication converted into another format, for transmission, delivery and/or retention. The Administrative Agent and each of the Lenders may, at its option, create one or more copies of any
      Communication in the form of an imaged Electronic Record (“Electronic Copy”), which shall be deemed created in the ordinary course of such Person’s business, and destroy the original paper
      document.  All Communications in the form of an Electronic Record, including an Electronic Copy, shall be considered an original for all purposes, and shall have the same legal effect, validity and enforceability as a paper record.  Notwithstanding
      anything contained herein to the contrary, the Administrative Agent is under no obligation to accept an Electronic Signature in any form or in any format unless expressly agreed to by the Administrative Agent pursuant to procedures approved by it;
      provided, further, without limiting the foregoing, (a) to the extent the Administrative Agent has agreed to accept such Electronic Signature, the Administrative Agent and each of the Lenders shall be entitled to rely on any such Electronic Signature
      purportedly given by or on behalf of the Borrower (or any of its Subsidiaries, as applicable) without further verification and (b) upon the request of the Administrative Agent or any Lender, any Electronic Signature shall be promptly followed by such
      manually executed counterpart.  For purposes hereof, “Electronic Record” and “Electronic Signature” shall have the meanings
      assigned to them, respectively, by 15 USC §7006, as it may be amended from time to time.

     

    
      105

      
        

    

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

     

    10.19      Time of the Essence. Time is of the essence of the Loan Documents.

     

    10.20      ENTIRE AGREEMENT. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE
      PARTIES.  THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.

     

    10.21       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 Lender that is an Affected Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of
      the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

     

    (a)          the application of any Write-Down and
          Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any Lender 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.

     

    
      106

      
        

    

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

     

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

    

    

    (b)          As used in this
          Section 10.22, the following terms have the following meanings:

    

    

    “BHC Act Affiliate” of a party means an “affiliate” (as such term is
      defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of such party.

    

    

    “Covered Entity” means any of the following:  (i) a “covered entity” as
      that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (ii) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or (iii) a “covered FSI” as that term is defined in, and
      interpreted in accordance with, 12 C.F.R. § 382.2(b).

    

    

    “Default Right” has the meaning assigned to that term in, and shall be
      interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.

     

    

    
      107

      
        

    

    “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).

    

    

    	
            REMAINDER OF PAGE LEFT INTENTIONALLY BLANK

          

     

    

    
      108

      
        

    

    IN WITNESS WHEREOF, the
        parties hereto have caused this Agreement to be duly executed as of the date first above written.

     

    	 	
            AMERICAN FINANCIAL GROUP, INC.

          
	 	 
	 	
            By:

          	
            /s/ David J. Witzgall

          
	 	
            Name:

          	
            David J. Witzgall

          
	 	
            Title:

          	
            Vice President and Treasurer

          

    

    

    American Financial Group, Inc. – Signature Page to Credit Agreement

    

    

    
      
        

    

    	 	
            BANK OF AMERICA, N.A.,

          
	 	
            as Administrative Agent

          
	 	 	 
	 	
            By:

          	
            /s/ Aamir Saleem

          
	 	
            Name:

          	
            Aamir Saleem

          
	 	
            Title:

          	
            Vice President

          

    

    

    American Financial Group, Inc. – Signature Page to Credit Agreement

    

    

    
      
        

    

    	 	
            BANK OF AMERICA, N.A.,

            as a Lender and L/C Issuer

          
	 	 	 
	 	
            By:

          	
            /s/ Christopher
                  Choi

          
	 	
            Name:

          	
            Christopher Choi

          
	 	
            Title:

          	
            Director

          

    

    

    American Financial Group, Inc. – Signature Page to Credit Agreement

    

    

    
      
        

    

    	 	
            JPMORGAN CHASE BANK, N.A.

          
	 	 	 
	 	
            By:

          	
            /s/ Milena Koler

          
	 	
            Name:

          	
            Milena Koler

          
	 	
            Title:

          	
            VP

          

    

    

    American Financial Group, Inc. – Signature Page to Credit Agreement

    

    

    
      
        

    

    	 	
            WELLS FARGO BANK, NATIONAL ASSOCIATION

          
	 	 	 
	 	
            By:

          	
            /s/ Thomas Kostal

          
	 	
            Name:

          	
            Thomas Kostal

          
	 	
            Title:

          	
            Director

          

    

    

    American Financial Group, Inc. – Signature Page to Credit Agreement

    

    

    
      
        

    

    	 	
            PNC BANK, NATIONAL ASSOCIATION

          
	 	 	 
	 	
            By:

          	
            /s/ Matthew Titus

          
	 	
            Name:

          	
            Matthew Titus

          
	 	
            Title:

          	
            Vice President

          

    

    

    American Financial Group, Inc. – Signature Page to Credit Agreement

     

    
      
        

    

    	 	
            TRUIST BANK

          
	 	 
	 	
            By:

          	
            /s/ Andrew Johnson

          
	 	
            Name:

          	
            Andrew Johnson

          
	 	
            Title:

          	
            Managing Director

          

    

    

    American Financial Group, Inc. – Signature Page to Credit Agreement

     

    
      
        

    

    	 	
            KEYBANK NATIONAL ASSOCIATION

          
	 	 	 
	 	
            By:

          	
            /s/ Thomas A. Crandell

          
	 	
            Name:

          	
            Thomas A. Crandell

          
	 	
            Title:

          	
            Senior Vice President

          

    

    

    American Financial Group, Inc. – Signature Page to Credit Agreement

     

    

    
      
        

    

    	 	
            U.S. BANK NATIONAL ASSOCIATION

          
	 	 	 
	 	
            By:

          	
            /s/ Callen M.
                  Strunk

          
	 	
            Name:

          	
            Callen M. Strunk

          
	 	
            Title:

          	
            Vice President

          

    

    

    American Financial Group, Inc. – Signature Page to Credit Agreement

    

    

    
      
        

    

    	 	
            THE BANK OF NEW YORK MELLON

          
	 	 	 
	 	
            By:

          	
            /s/ Benjamin Goldberg

          
	 	
            Name:

          	
            Benjamin Goldberg

          
	 	
            Title:

          	
            Vice President

          

    
      

      

    

    American Financial Group, Inc. – Signature Page to Credit Agreement

     

    

    
      
        

    

    	 	
            FIFTH THIRD BANK, NATIONAL ASSOCIATION

          
	 	 	 
	 	
            By:

          	
            /s/ Michael J. Schaltz Jr.

          
	 	
            Name:

          	
            Michael J. Schaltz Jr.

          
	 	
            Title:

          	
            Managing Director & SVP

          

    

    

    American Financial Group, Inc. – Signature Page to Credit Agreement

    

    

    
      
        

    

    SCHEDULE 2.01

     

    COMMITMENTS

    AND APPLICABLE PERCENTAGES

     

    	
            Lender

          	 	
            Commitment

          	 	 	
            Applicable

             Percentage

          	 
	
            Bank of America, N.A.

          	 	
            $

          	
            75,000,000.00

          	 	 	 	
            15.000000000

          	
            %

          
	
            JPMorgan Chase Bank, N.A.

          	 	
            $

          	
            75,000,000.00

          	 	 	 	
            15.000000000

          	
            %

          
	
            PNC Bank, National Association

          	 	
            $

          	
            75,000,000.00

          	 	 	 	
            15.000000000

          	
            %

          
	
            Wells Fargo Bank, National Association

          	 	
            $

          	
            75,000,000.00

          	 	 	 	
            15.000000000

          	
            %

          
	
            KeyBank National Association

          	 	
            $

          	
            40,000,000.00

          	 	 	 	
            8.000000000

          	
            %

          
	
            Truist Bank

          	 	
            $

          	
            40,000,000.00

          	 	 	 	
            8.000000000

          	
            %

          
	
            U.S. Bank National Association

          	 	
            $

          	
            40,000,000.00

          	 	 	 	
            8.000000000

          	
            %

          
	
            The Bank of New York Mellon

          	 	
            $

          	
            40,000,000.00

          	 	 	 	
            8.000000000

          	
            %

          
	
            Fifth Third Bank, National Association

          	 	
            $

          	
            40,000,000.00

          	 	 	 	
            8.000000000

          	
            %

          
	
            Total

          	 	
            $

          	
            500,000,000.00

          	 	 	 	
            100.000000000

          	
            %

          

    

    

    Schedule 2.01

      Commitments and Applicable Percentages

     

    
      
        

    

    SCHEDULE 5.12(d)

     

    ERISA COMPLIANCE

    

    

    
      	
              Part (d)

            	
              Pension Plans.

            

    

    

    

    Sprague Technologies Retirement and Income Guarantee Plan

    

    

    Schedule 5.12(d)

      ERISA Compliance

    

    

    
      
        

    

    SCHEDULE 5.13

     

     
    SUBSIDIARIES AND

     
    OTHER EQUITY INVESTMENTS

     

    
      	
              Part (a).

            	
              Subsidiaries.

            

    

     

    	 	
            Name

          	 	
            Jurisdiction

          	 	
            % Parent

             Interest

             Held

          
	 	
            AAG Insurance Agency, Inc.

          	 	
            Kentucky

          	 	
            100

          
	 	
            ABA Insurance Services, Inc.

          	 	
            Ohio

          	 	
            100

          
	 	
            Agricultural Services, LLC

          	 	
            Ohio

          	 	
            100

          
	 	
            American Empire Insurance Company

          	 	
            Ohio

          	 	
            100

          
	 	
            American Empire Surplus Lines Insurance Company

          	 	
            Ohio

          	 	
            100

          
	 	
            American Empire Underwriters, Inc.

          	 	
            Texas

          	 	
            100

          
	 	
            American Financial Enterprises, Inc.

          	 	
            Connecticut

          	 	
            100

          
	 	
            American Financial Group, Inc.

          	 	
            Ohio

          	 	 
	 	
            American Highways Insurance Agency, Inc.

          	 	
            Ohio

          	 	
            100

          
	 	
            American Money Management Corporation

          	 	
            Ohio

          	 	
            100

          
	 	
            American Premier Underwriters, Inc.

          	 	
            Pennsylvania

          	 	
            100

          
	 	
            American Real Estate Capital Company, LLC

          	 	
            Ohio

          	 	
            100

          
	 	
            American Signature Underwriters, Inc.

          	 	
            Ohio

          	 	
            100

          
	 	
            Annuity Investors Life Insurance Company

          	 	
            Ohio

          	 	
            100

          
	 	
            APU Holding Company

          	 	
            Ohio

          	 	
            100

          
	 	
            Bay Bridge Holding Company, LLC

          	 	
            Maryland

          	 	
            35

          
	 	
            Bay Bridge Holding Company, LLC

          	 	
            Maryland

          	 	
            65

          
	 	
            Bay Bridge Marina Hemingway's Restaurant, LLC

          	 	
            Maryland

          	 	
            100

          
	 	
            Bay Bridge Marina Management, LLC

          	 	
            Maryland

          	 	
            100

          
	 	
            Bridgefield Casualty Insurance Company

          	 	
            Florida

          	 	
            100

          
	 	
            Bridgefield Employers Insurance Company

          	 	
            Florida

          	 	
            100

          
	 	
            Brothers Management, LLC

          	 	
            Florida

          	 	
            100

          
	 	
            Brothers Pennsylvanian Corporation

          	 	
            Pennsylvania

          	 	
            100

          
	 	
            Brothers Property Corporation

          	 	
            Ohio

          	 	
            100

          
	 	
            Brothers Property Management Corporation

          	 	
            Ohio

          	 	
            100

          
	 	
            Ceres Group, Inc.

          	 	
            Delaware

          	 	
            100

          
	 	
            Charleston Harbor Fishing, LLC

          	 	
            South Carolina

          	 	
            100

          
	 	
            Commercial For Hire Transportation Purchasing Group

          	 	
            South Carolina

          	 	
            100

          
	 	
            Continental General Corporation

          	 	
            Nebraska

          	 	
            100

          

    

    

    Schedule 5.13

      Subsidiaries and Other Equity Interests

    

    

    
      
        

    

    	 	
            Crop Managers Insurance Agency, Inc.

          	 	
            Kansas

          	 	
            100

          
	 	
            CropSurance Agency, LLC

          	 	
            Ohio

          	 	
            100

          
	 	
            Dempsey & Siders Agency, Inc.

          	 	
            Ohio

          	 	
            100

          
	 	
            Dixie Terminal Corporation

          	 	
            Ohio

          	 	
            100

          
	 	
            Eden Park Insurance Brokers, Inc.

          	 	
            California

          	 	
            100

          
	 	
            El Aguila, Compañia de Seguros, S.A. de C.V.

          	 	
            Mexico

          	 	
            100

          
	 	
            Explorer RV Insurance Agency, Inc.

          	 	
            Ohio

          	 	
            100

          
	 	
            Farmers Crop Insurance Alliance, Inc.

          	 	
            Kansas

          	 	
            100

          
	 	
            FCIA Management Company, Inc.

          	 	
            New York

          	 	
            100

          
	 	
            Foreign Credit Insurance Association

          	 	
            New York

          	 	
            Ben. Int.

          
	 	
            GAI Australia Pty Ltd.

          	 	
            Australia

          	 	
            100

          
	 	
            GAI Holding Bermuda Ltd.

          	 	
            Bermuda

          	 	
            99.99

          
	 	
            GAI Holding Bermuda Ltd.

          	 	
            Bermuda

          	 	
            0.01

          
	 	
            GAI Indemnity, Ltd.

          	 	
            United Kingdom

          	 	
            100

          
	 	
            GAI Insurance Company, Ltd.

          	 	
            Bermuda

          	 	
            100

          
	 	
            GAI Mexico Holdings, LLC

          	 	
            Delaware

          	 	
            100

          
	 	
            GAI Warranty Company

          	 	
            Ohio

          	 	
            100

          
	 	
            GAI Warranty Company of Florida

          	 	
            Florida

          	 	
            100

          
	 	
            GALIC - Bay Bridge Marina, LLC

          	 	
            Maryland

          	 	
            100

          
	 	
            GALIC Brothers, Inc.

          	 	
            Ohio

          	 	
            100

          
	 	
            Global Premier Finance Company

          	 	
            Ohio

          	 	
            100

          
	 	
            Great American Advisors, Inc.

          	 	
            Ohio

          	 	
            100

          
	 	
            Great American Agency of Texas, Inc.

          	 	
            Texas

          	 	
            100

          
	 	
            Great American Alliance Insurance Company

          	 	
            Ohio

          	 	
            100

          
	 	
            Great American Assurance Company

          	 	
            Ohio

          	 	
            100

          
	 	
            Great American Casualty Insurance Company

          	 	
            Ohio

          	 	
            100

          
	 	
            Great American Contemporary Insurance Company

          	 	
            Ohio

          	 	
            100

          
	 	
            Great American E & S Insurance Company

          	 	
            Ohio

          	 	
            100

          
	 	
            Great American Europe Limited

          	 	
            United Kingdom

          	 	
            100

          
	 	
            Great American Fidelity Insurance Company

          	 	
            Ohio

          	 	
            100

          
	 	
            Great American Financial Resources, Inc.

          	 	
            Delaware

          	 	
            100

          
	 	
            Great American Holding (Europe) Limited

          	 	
            United Kingdom

          	 	
            100

          
	 	
            Great American Holding, Inc.

          	 	
            Ohio

          	 	
            100

          
	 	
            Great American Insurance Agency, Inc.

          	 	
            Ohio

          	 	
            100

          
	 	
            Great American Insurance Company

          	 	
            Ohio

          	 	
            100

          
	 	
            Great American Insurance Company of New York

          	 	
            New York

          	 	
            100

          
	 	
            Great American International Insurance (EU) Designated Activity Company

          	 	
            Ireland

          	 	
            100

          
	 	
            Great American International Insurance (UK) Limited

          	 	
            United Kingdom

          	 	
            100

          
	 	
            Great American Life Insurance Company

          	 	
            Ohio

          	 	
            100

          

     

    

     Schedule 5.13

      Subsidiaries and Other Equity Interests

    

    

    
      
        

    

    	 	
            Great American Lloyd's, Inc.

          	 	
            Texas

          	 	
            100

          
	 	
            Great American Management Services, Inc.

          	 	
            Ohio

          	 	
            100

          
	 	
            Great American Protection Insurance Company

          	 	
            Ohio

          	 	
            100

          
	 	
            Great American Re Inc.

          	 	
            Delaware

          	 	
            100

          
	 	
            Great American Security Insurance Company

          	 	
            Ohio

          	 	
            100

          
	 	
            Great American Specialty & Affinity Limited

          	 	
            United Kingdom

          	 	
            100

          
	 	
            Great American Spirit Insurance Company

          	 	
            Ohio

          	 	
            100

          
	 	
            Great American Underwriters Insurance Company

          	 	
            Ohio

          	 	
            100

          
	 	
            Hangar Acquisition Corp.

          	 	
            Ohio

          	 	
            100

          
	 	
            Helium Holdings Limited

          	 	
            Bermuda

          	 	
            100

          
	 	
            Heritage Summit Healthcare, LLC

          	 	
            Florida

          	 	
            100

          
	 	
            Hudson Indemnity, Ltd

          	 	
            Cayman Islands

          	 	
            100

          
	 	
            Hudson Management Group, Ltd.

          	 	
            U.S. Virgin Islands

          	 	
            100

          
	 	
            Human and Social Services Risk Purchasing Group, LLC

          	 	
            Ohio

          	 	
            100

          
	 	
            Key Largo Group, Inc.

          	 	
            Florida

          	 	
            100

          
	 	
            Lavenham Underwriting Limited

          	 	
            United Kingdom

          	 	
            100

          
	 	
            Lehigh Valley Railroad Company

          	 	
            Pennsylvania

          	 	
            100

          
	 	
            Magnolia Alabama Holdings LLC

          	 	
            Alabama

          	 	
            100

          
	 	
            Magnolia Alabama Holdings, Inc.

          	 	
            Delaware

          	 	
            100

          
	 	
            Manhattan National Holding Corporation

          	 	
            Ohio

          	 	
            100

          
	 	
            Manhattan National Life Insurance Company

          	 	
            Ohio

          	 	
            100

          
	 	
            Michigan Oil & Gas Holdings, LLC

          	 	
            Michigan

          	 	
            100

          
	 	
            Mid-Continent Assurance Company

          	 	
            Ohio

          	 	
            100

          
	 	
            Mid-Continent Casualty Company

          	 	
            Ohio

          	 	
            100

          
	 	
            Mid-Continent Excess and Surplus Insurance Company

          	 	
            Ohio

          	 	
            100

          
	 	
            Mid-Continent Specialty Insurance Services, Inc.

          	 	
            Oklahoma

          	 	
            100

          
	 	
            Mid-Market Capital Partners, LLC

          	 	
            Delaware

          	 	
            100

          
	 	
            Mountain View Grand Holding Company, LLC

          	 	
            New Hampshire

          	 	
            35

          
	 	
            Mountain View Grand Holding Company, LLC

          	 	
            New Hampshire

          	 	
            65

          
	 	
            National Interstate Corporation

          	 	
            Ohio

          	 	
            100

          
	 	
            National Interstate Insurance Agency, Inc.

          	 	
            Ohio

          	 	
            100

          
	 	
            National Interstate Insurance Company

          	 	
            Ohio

          	 	
            100

          
	 	
            National Interstate Insurance Company of Hawaii, Inc.

          	 	
            Ohio

          	 	
            100

          
	 	
            NCM Holdings (U.K.) Limited

          	 	
            United Kingdom

          	 	
            100

          
	 	
            Neon Capital Limited

          	 	
            United Kingdom

          	 	
            100

          
	 	
            Neon Capital Managers

          	 	
            United Kingdom

          	 	
            100

          
	 	
            Neon Holdings (U.K.) Limited

          	 	
            United Kingdom

          	 	
            100

          
	 	
            Neon Italy S.R.L.

          	 	
            Italy

          	 	
            60

          
	 	
            Neon Management Services Limited

          	 	
            United Kingdom

          	 	
            100

          

    

    

    Schedule 5.13

      Subsidiaries and Other Equity Interests

    

    

    
      
        

    

    	 	
            Neon Sapphire Underwriting Limited

          	 	
            Guernsey

          	 	
            100

          
	 	
            Neon Service Company (U.K.) Limited

          	 	
            United Kingdom

          	 	
            100

          
	 	
            Neon Underwriting Bermuda Limited

          	 	
            Bermuda

          	 	
            100

          
	 	
            Neon Underwriting Limited

          	 	
            United Kingdom

          	 	
            100

          
	 	
            Ohio Oil & Gas Holdings, LLC

          	 	
            Ohio

          	 	
            100

          
	 	
            Oklahoma Surety Company

          	 	
            Ohio

          	 	
            100

          
	 	
            One East Fourth, Inc.

          	 	
            Ohio

          	 	
            100

          
	 	
            Orca Insurance Agency A/S

          	 	
            Denmark

          	 	
            89.425

          
	 	
            PCC Technical Industries, Inc.

          	 	
            Delaware

          	 	
            100

          
	 	
            Pennsylvania Lehigh Oil & Gas Holdings LLC

          	 	
            Pennsylvania

          	 	
            100

          
	 	
            Pennsylvania Oil & Gas Holdings, LLC

          	 	
            Pennsylvania

          	 	
            100

          
	 	
            Pennsylvania-Reading Seashore Lines

          	 	
            New Jersey

          	 	
            66.7

          
	 	
            Pioneer Carpet Mills, Inc.

          	 	
            Ohio

          	 	
            100

          
	 	
            PLLS Canada Insurance Brokers Inc.

          	 	
            Canada

          	 	
            100

          
	 	
            Premier Lease & Loan Services Insurance Agency, Inc.

          	 	
            Washington

          	 	
            100

          
	 	
            Premier Lease & Loan Services of Canada, Inc.

          	 	
            Washington

          	 	
            100

          
	 	
            Professional Risk Brokers, Inc.

          	 	
            Illinois

          	 	
            100

          
	 	
            QQAgency of Texas, Inc.

          	 	
            Texas

          	 	
            100

          
	 	
            Republic Indemnity Company of America

          	 	
            California

          	 	
            100

          
	 	
            Republic Indemnity Company of California

          	 	
            California

          	 	
            100

          
	 	
            Safety Claims & Litigation Services, LLC

          	 	
            Montana

          	 	
            100

          
	 	
            Safety, Claims and Litigation Services, LLC

          	 	
            Ohio

          	 	
            100

          
	 	
            Sampford Underwriting Limited

          	 	
            United Kingdom

          	 	
            100

          
	 	
            Shelter Rock Holdings, LLC

          	 	
            Pennsylvania

          	 	
            100

          
	 	
            Skipjack Holding Company, LLC

          	 	
            Maryland

          	 	
            100

          
	 	
            Skipjack Marina Corp

          	 	
            Maryland

          	 	
            100

          
	 	
            Studio Marketform SRL

          	 	
            Italy

          	 	
            100

          
	 	
            Summit Consulting, LLC

          	 	
            Florida

          	 	
            100

          
	 	
            Summit Holding Southeast, Inc.

          	 	
            Florida

          	 	
            100

          
	 	
            Summit Real Estate Holdings, LLC

          	 	
            Florida

          	 	
            100

          
	 	
            TEJ Holdings, Inc.

          	 	
            Ohio

          	 	
            100

          
	 	
            The Owasco River Railway, Inc.

          	 	
            New York

          	 	
            100

          
	 	
            Three East Fourth, Inc.

          	 	
            Ohio

          	 	
            100

          
	 	
            TransProtection Service Company

          	 	
            Missouri

          	 	
            100

          
	 	
            Triumphe Casualty Company

          	 	
            Ohio

          	 	
            100

          
	 	
            Vanliner Insurance Company

          	 	
            Missouri

          	 	
            100

          
	 	
            Westline Industrial, LLC

          	 	
            Ohio

          	 	
            100

          
	 	
            Xenon Agency Limited

          	 	
            United Kingdom

          	 	
            100

          

    

    

    Schedule 5.13

      Subsidiaries and Other Equity Interests

     

    

    
      
        

    

    Part(b).          Other

              Equity Investments in excess of 10% of the equity capital in non-public entities which are in excess of $25,000,000 in any one corporation or other entity.

     

    None

     

    Schedule 5.13

    Subsidiaries and Other Equity Interests

     

    
      
        

    

    SCHEDULE 7.03

     

    EXISTING INDEBTEDNESS

    

    

    	 	
            Description

          	 	
            Approximate

             Principal Balance

          
	 	
            None.

          	 	 
	 	 	 	 

    

    Schedule 7.03

      Existing Indebtedness

     

    

    
      
        

    

    SCHEDULE 10.02

    

    

    ADMINISTRATIVE AGENT’S OFFICE;

    CERTAIN ADDRESSES FOR NOTICES

    

    

    	
            BORROWER:

          	 	
            American Financial Group, Inc.

          	 
	 	 	
            Great American Insurance Tower

          	 
	 	 	
            301 East Fourth Street

          	 
	 	 	
            Cincinnati, Ohio 45202

          	 

    

    

    	
            Attention:

          	 	
            David J. Witzgall, Vice President & Treasurer

          	 
	
            Telephone:

          	 	
            (513) 369-3665

          	 
	
            Facsimile:

          	 	
            (513) 369-3873

          	 
	
            Electronic Mail:

          	 	
            dwitzgall@gaic.com

          	 

    

    

    	
            Attention:

          	 	
            Karl J. Grafe, Vice President & Secretary

          	 
	
            Telephone:

          	 	
            (513) 579-2540

          	 
	
            Facsimile:

          	 	
            (513) 579-0108

          	 
	
            Electronic Mail:

          	 	
            kgrafe@amfin.com

          	 
	
            Website Address:

          	 	
            www.afginc.com

          	 

    U.S. Taxpayer Identification Number:  31-1544320

    

    

    Administrative Agent’s Office

    (for payments and Requests for Credit Extensions):

    Bank of America, N.A.

    Building C

    2380 Performance Dr

    Richardson, TX 75082

    Tel: (469) 201-8280

    Facsimile: (214) 290-9653

    Mail Code: TX2-984-03-23

    Electronic Mail: charlotte.a.conn@bofa.com

    Account No.: 1366072250600

    Ref: American Financial Group Inc.

    ABA # 026009593

    

    

    Schedule 10.02

    Administrative Agent’s Office; Certain Addresses for Notices

    

    

    
      
        

    

    Other Notices as Administrative Agent:

    in the case of all notices (other than notices of borrowing or conversion), financial statements, compliance certificates, requests for amendments and
      waivers to:

    

    

    Bank of America, N.A.

    Agency Management

    555 California Street, 4th Floor

    San Francisco, CA  94104

    Attention:  Aamir Saleem

    Telephone:  (415) 436-2769

    Facsimile:  (415) 503-5089

    Electronic Mail:  aamir.saleem@bofa.com

     
    

    

    Other Notices as a Lender:

    

    

    Bank of America, N.A.

    901 Main Street

    Mail Code:  TX1-492-64-01

    Dallas, Texas  75202

    Attention:  Chris Choi

    Telephone:  (214) 209-0622

    Facsimile:  (214) 530-3092

    Electronic Mail:  christopher.m.choi@bofa.com

    

    

    Issuing Bank:

    

    

    Bank of America, N.A.

    Trade Operations - Pennsylvania

    1 Fleet Way

    Mail Code:  PA6-580-02-30

    Scranton, Pennsylvania 18507

    Attention:  Michael A. Grizzanti

    Telephone:  (570) 496-9621

    Facsimile:  (800) 755-8743

    Electronic Mail:  michael.a.grizzanti@bofa.com

    

    

    Schedule 10.02

    Administrative Agent’s Office; Certain Addresses for Notices

    

    

    
      
        

    

    EXHIBIT A

     

    FORM OF REVOLVING LOAN NOTICE

     

    Date:  ___________, _____

     

    
      	
              To:

            	
              Bank of America, N.A., as Administrative Agent

            

    

     

    Ladies and Gentlemen:

     

    Reference is made to that certain Credit Agreement, dated as of December 14, 2020 (as amended, restated, extended, supplemented or otherwise modified
      in writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined), among American Financial Group, Inc., an Ohio corporation (the “Borrower”), the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent and L/C Issuer.

     

    The undersigned hereby requests (select one):

     

    
      	 	
              ☐

            	
              A Borrowing of Revolving Loans

            

    

     

    
      	 	
              ☐

            	
              A conversion or continuation of Revolving Loans

            

    

     

    1.          On ______________________________ (a
          Business Day).

     

    2.          In the amount of $_______________.

     

    3.          Comprised of
          _______________________________.

    [Type of Revolving Loan requested]

     

    4.          For Eurodollar Rate Loans:  with an
          Interest Period of __________ months.

     

    The Revolving Borrowing, if any, requested herein complies with the provisos to the first sentence of Section

          2.01 of the Agreement.

     

    	 	
            AMERICAN FINANCIAL GROUP, INC.

          
	 	 	 
	 	
            By:

          	

          
	 	 	 
	 	
            Name:

          	

          
	 	 	 
	 	
            Title:

          	

          

    

    

    Exhibit A

      Form of Revolving Loan Notice

    

    

    
      
        

    

    EXHIBIT B

     

    FORM OF NOTE

     

    ____________________

     

    FOR VALUE RECEIVED, the undersigned (the “Borrower”), hereby promises to pay to
      _____________________ or registered assigns (the “Lender”), in accordance with the provisions of the Agreement (as hereinafter defined), the principal amount of each Loan from time to time
      made by the Lender to the Borrower under that certain Credit Agreement, dated as of December 14, 2020 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Agreement;”

      the terms defined therein being used herein as therein defined), among the Borrower, the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent and L/C Issuer.

     

    The Borrower promises to pay interest on the unpaid principal amount of each Loan from the date of such Loan until such principal amount is paid in
      full, at such interest rates and at such times as provided in the Agreement.  All payments of principal and interest shall be made to the Administrative Agent for the account of the Lender in Dollars in immediately available funds at the
      Administrative Agent’s Office.  If any amount is not paid in full when due hereunder, such unpaid amount shall bear interest, to be paid upon demand, from the due date thereof
      until the date of actual payment (and before as well as after judgment) computed at the per annum rate set forth in the Agreement.

     

    This Note is one of the Notes referred to in the Agreement, is entitled to the benefits thereof and may be prepaid in whole or in part subject to the
      terms and conditions provided therein.  Upon the occurrence and continuation of one or more of the Events of Default specified in the Agreement, all amounts then remaining unpaid on this Note shall become, or may be declared to be, immediately due
      and payable all as provided in the Agreement.  Loans made by the Lender shall be evidenced by one or more loan accounts or records maintained by the Lender in the ordinary course of business.  The Lender may also attach schedules to this Note and
      endorse thereon the date, amount and maturity of its Loans and payments with respect thereto.

     

    The Borrower, for itself, its successors and assigns, hereby waives diligence, presentment, protest and demand and notice of protest, demand, dishonor
      and non-payment of this Note.

     

    Exhibit B

    Form of Note

     

    
      
        

    

    THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

     

    	 	
            AMERICAN FINANCIAL GROUP, INC.

          
	 	

          	

          
	 	
            By:

          	

          
	 	 	

          
	 	
            Name:

          	

          
	 	 	

          
	 	
            Title:

          	

          

    

    

    Exhibit B

    Form of Note

     

    
      
        

    

    LOANS AND PAYMENTS WITH RESPECT THERETO

     

    	 	
            Date

          	 	
            Type of 

            Loan Made

          	 	
            Amount of

             Loan Made

          	 	
            End of 

            Interest 

            Period

          	 	
            Amount of

             Principal or 

            Interest

             Paid This 

            Date

          	 	
            Outstanding 

            Principal 

            Balance 

            This Date

          	 	
            Notation 

            Made By

          	 
	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 
	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 
	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 
	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 
	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 
	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 
	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 
	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 
	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 
	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 
	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 
	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 
	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 
	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 
	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 
	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 
	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 
	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 	

          	 

    

    

    Exhibit B

    Form of Note

    

    

    
      
        

    

    EXHIBIT C

     

    FORM OF COMPLIANCE CERTIFICATE

     

    Financial Statement Date: __________, 20_____  

        

     

    
      	
              To:

            	
              Bank of America, N.A., as Administrative Agent

            

    

     

    Ladies and Gentlemen:

     

    Reference is made to that certain Credit Agreement, dated as of December 14, 2020 (as amended, restated, extended, supplemented or otherwise modified
      in writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined), among American Financial Group, Inc., an Ohio corporation (the “Borrower”), the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent.

     

    The undersigned Responsible Officer hereby certifies as of the date hereof that he/she is the______________________________of the Borrower, and that,
      as such, he/she is authorized to execute and deliver this Compliance Certificate (this “Certificate”) to the Administrative Agent on the behalf of the Borrower, and that:

     

    [Use following paragraph 1 for fiscal year-end financial
      statements]

     

    1.           Attached hereto as Schedule 1 are the
          year-end audited financial statements and other financial information required by Section 6.01(a) of the Agreement for the fiscal year of the Borrower ended as of the above date, together with the report and opinion of an independent certified
          public accountant required by such section.

     

    [Use following paragraph 1 for fiscal quarter-end
      financial statements]

     

    1.           Attached hereto as Schedule 1 are the
          unaudited financial statements and other financial information required by Section 6.01(b) of the Agreement for the fiscal quarter of the Borrower ended as of the above date.  Such financial statements fairly present the financial condition,
          results of operations and cash flows of the Borrower and its Subsidiaries in accordance with GAAP as at such date and for such period, subject only to normal year-end audit adjustments and the absence of footnotes.

     

    2.           The undersigned has reviewed and is
          familiar with the terms of the Agreement and has made, or has caused to be made under his/her supervision, a detailed review of the transactions and condition (financial or otherwise) of the Borrower during the accounting period covered by the
          attached financial statements.

     

    3.           A review of the activities of the
          Borrower during such fiscal period has been made under the supervision of the undersigned with a view to determining whether during such fiscal period the Borrower performed and observed all of its Obligations under the Loan Documents, and

     

    Exhibit C

    Form of Compliance Certificate

     

    

    
      
        

    

    select one:

     

    to the best knowledge of the undersigned, during such fiscal period, the Borrower performed and observed each covenant and
      condition of the Loan Documents applicable to it, and no Default has occurred and is continuing.

     

    --or--

     

    the following covenants or conditions have not been performed or observed and the following is a list of each such Default and
      its nature and status:

     

    4.            The representations and warranties of the Borrower contained in Article V of the Agreement (other than the
          representations and warranties contained in Section 5.05(d) and Section 5.06 of the Agreement), and any representations and warranties of any Loan Party that are contained in any document furnished at any time under or in connection with the Loan Documents, are true and correct on and as of the
            date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct as of such earlier date, and except that for purposes of this Compliance
          Certificate, the representations and warranties contained in subsections (a) and (b) of Section 5.05 of the Agreement shall be deemed to refer to the most recent statements furnished
          pursuant to clauses (a) and (b) respectively, of Section 6.01 of the Agreement, including the statements in connection with which this Compliance Certificate is delivered.

     

    5.            The financial covenant analyses and
          information set forth on Schedule 2 attached hereto are true and accurate on and as of the date of this Certificate.

     

    IN WITNESS WHEREOF, the
        undersigned has executed this Certificate as of ____________, ______.

     

    	 	
            AMERICAN FINANCIAL GROUP, INC.

          
	 	 	 	 
	 	
            By:

          	

          
	 	 	
            Name:

          	

          
	 	 	
            Title:

          	

          

    

    

    Exhibit C

    Form of Compliance Certificate

     

    

    
      
        

    

    For the Quarter/Year ended ___________________(“Statement Date”)

     

    SCHEDULE 2

    to the Compliance Certificate

    ($ in 000’s)

     

    	
            I.

          	
            Section 7.10(a) – Consolidated Net Worth.

          	 	 
	 	 	 	 
	 	
            A.

          	 	
            Actual Consolidated Net Worth at Statement Date:

          	 	 
	 	 	 	
            1.

          	 	
            Total Shareholders’ Equity from Form 10-K or 10-Q plus, to the extent not included in Total Shareholders’ Equity, the amount of any Hybrid Securities:*

          	 	
            $_____________

          
	 	 	 	
            2.

          	 	
            Minus Unrealized gains/(losses) recorded accumulated
                other comprehensive income pursuant to ASC 320:

          	 	
            $_____________

          
	 	 	 	
            3.

          	 	
            Minus mandatorily redeemable capital stock (or
                redeemable shares of other beneficial interest):

          	 	
            $_____________

          
	 	 	 	
            4.*

          	

          	
            Consolidated Net Worth (Line I.A1 minus Line I.A.2 minus
              Line I.A.3):

          	 	
            $_____________

          
	 	
            *

          	 	
            Consolidated Net Worth calculation subject to limitation on inclusion of Hybrid Securities as more fully set forth in last paragraph of Section 7.10.

          	 	 
	 	
            B.

          	 	
            Minimum required Consolidated Net Worth ($[_____]):

          	 	
            $_____________

          
	 	
            C.

          	 	
            Excess (deficient) for covenant compliance (Line I.A.4 minus Line I.B):

          	 	
            $_____________

          

    

    

    Exhibit C

    Form of Compliance Certificate

     

    

    
      
        

    

    	
            II.

          	
            Section 7.10(b) – Consolidated Total Financing Debt to Total Capitalization Ratio.

          	 	 
	 	 	 	 
	 	
            A.

          	 	
            Consolidated Total Financing Debt:

          	 	 
	 	 	 	
            1.

          	 	
            Indebtedness for borrowed money, or indebtedness evidenced by notes, debentures, Capitalized Leases, guarantees (excluding guarantees of indebtedness already included as
              Indebtedness) or similar instruments:

          	 	
            $_____________

          
	 	 	 	
            2.

          	 	
            Plus Indebtedness for the deferred purchase price of
                assets (other than the normal trade accounts payable):

          	 	
            $_____________

          
	 	 	 	
            3.

          	 	
            Plus Indebtedness in respect of mandatory redemption
                or dividend rights related to an Equity Interest:

          	 	
            $_____________

          
	 	 	 	
            4.

          	 	
            Minus: liabilities of a CLO, provided such
                liabilities are Non-Recourse Indebtedness:

          	 	
            $_____________

          
	 	 	 	
            5.

          	 	
            Minus Non-Recourse Real Estate Indebtedness of the
                Borrower and its Subsidiaries:

          	 	
            $_____________

          
	 	 	 	
            6.*

          	

          	
            Consolidated Total Financing Debt (Lines II.A.1 + 2 + 3 – 4 – 5):

          	 	
            $_____________

          
	 	
            B.

          	 	
            All amounts appearing on a consolidated balance sheet of the Borrower and its Subsidiaries in the line item “Non-controlling interests”:

          	 	
            $_____________

          
	 	
            C.

          	 	
            Total Capitalization for Subject Period (Line II.A.6 plus Line I.A.4 plus Line II.B.):

          	 	
            $_____________

          
	 	
            D.

          	 	
            Consolidated Total Financing Debt to Total Capitalization Ratio (Line II.A.6 ÷ Line II.C):

          	 	
            ______ to 1

          

    	 	 	 	 	 	
            Maximum 

            Consolidated 

            Total Financing 

            Debt to Total 

            Capitalization 

            Ratio

          	 	 

    	 	 	 	
            Last day of any fiscal quarter during

            the term of the Agreement

          	 	
            0.350 to 1.00

          	 	 
	 	
            *

          	 	
            Consolidated Total Financing Debt calculation subject to limitation on exclusion of Hybrid Securities as more fully set forth in last paragraph of Section 7.10.

          	 	 

     

    Exhibit C

      Form of Compliance Certificate

     

    

    
      
        

    

    EXHIBIT D-1

     

    ASSIGNMENT AND ASSUMPTION

     

    This Assignment and Assumption (this “Assignment and Assumption”) is dated as of the
      Effective Date set forth below and is entered into by and between the Assignor identified in item 1 below (the “Assignor”) and the Assignee identified in item 2 below (the “Assignee”).  Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (the “Credit

          Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee.  The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this
      Assignment and Assumption as if set forth herein in full.

     

    For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases and
      assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of the Assignor’s rights and
      obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and
      obligations of the Assignor under the respective facilities identified below (including, without limitation, the Letters of Credit included in such facilities) and (ii) to the extent permitted to be assigned under applicable Law, all claims, suits,
      causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto
      or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to
      the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned by the Assignor to the Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as the “Assigned Interest”).  Each such sale and assignment is without recourse to the Assignor and, except as expressly provided in this
      Assignment and Assumption, without representation or warranty by the Assignor.

     

    
      
        	1.          	Assignor:	

              	 

      

    

     

    	 	

          	 	 

     

    	2.	Assignee:

            	

          	 

     

    	 	

          	 	 

    [for Assignee, indicate [Affiliate] [Approved Fund] of [identify

        Lender]]

     

    
      
        	3.          	Borrower:          	American Financial Group, Inc.

      

    

     

    	4.	
            Administrative Agent:  Bank of America, N.A., as the administrative agent
                under the Credit Agreement

          

     

    
      Exhibit D-1

        Assignment and Assumption

       

      

    

    
      
        

    

    	5.	
            Credit Agreement:  Credit Agreement, dated as of December 14, 2020, among
                American Financial Group, Inc., the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent and L/C Issuer

          

     

    	6.	
            Assigned Interest[s]:

          

     

    	
            Assignor

          	
            Assignee

          	
            Aggregate

            Amount of

            Commitment/Loans

            for all Lenders

          	
            Amount of

            Commitment/Loans

            Assigned

          	
            Percentage

            Assigned of

            Commitment/

            Loans

          	
            CUSIP

            Number

          
	 	 	 	 	 	      
	 	  	
            $________________

          	
            $_________

          	
            ____________%

          	 
	 	  	
            $________________

          	
            $_________

          	
            ____________%

          	 
	 	  	
            $________________

          	
            $_________

          	
            ____________%

          	 

     

    

    
      
        	7.          	[Trade
                    Date:	__________________]

      

    

     

    Effective Date:  _______________________, 20__ [TO BE INSERTED BY ADMINISTRATIVE
        AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]

     

    The terms set forth in this Assignment and Assumption are hereby agreed to:

     

    Exhibit D-1

    Assignment and Assumption

     

    
      
        

    

    	 	
            ASSIGNOR:

          
	 	 
	 	
            [NAME OF ASSIGNOR]

          
	 	 
	 	
            By:

          	 	 
	 	

          	
            Title:

          	 
	 	 
	 	
            ASSIGNEE:

          
	 	 
	 	
            [NAME OF ASSIGNEE]

          
	 	 
	 	
            By:

          	 	 
	 	

          	Title:	 
	 	 
	
            [Consented to and] Accepted:

          	 
	 	 
	
            BANK OF AMERICA, N.A.,

          	 
	
            as Administrative Agent and L/C Issuer

          	 
	 	 
	
            By:

          	 	 	 
	

          	Title:	 	 
	 	 
	
            [Consented to:]

          	 
	 	 
	
            AMERICAN FINANCIAL GROUP, INC.

          	 
	 	 
	
            By:

          	 	

          	 
	

          	Title:	

          	 

    

    

    Exhibit D-1

    Assignment and Assumption

     

    

    
      
        

    

    ANNEX 1 TO ASSIGNMENT AND ASSUMPTION

      

    

    STANDARD TERMS AND CONDITIONS FOR

    ASSIGNMENT AND ASSUMPTION

     

    1.           Representations and Warranties.

     

    1.1         Assignor.  The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim,
          (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and (iv) it is not a Defaulting Lender; and (b) assumes no
          responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or
          value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by
          the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document.

     

    1.2         Assignee.  The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions
          contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all the requirements to be an assignee under Section 10.06(b)(iii) and (v) of the Credit Agreement (subject to such consents, if any, as may be required under Section 10.06(b)(iii) of the Credit Agreement), (iii) from
          and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect
          to decisions to acquire assets of the type represented by the Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, (v) it
          has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 6.01 thereof, as applicable, and such other documents and
          information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest, (vi) it has, independently and without reliance upon the Administrative Agent or
          any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest, and (vii) if it is a Foreign
          Lender, attached hereto is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and (b) agrees that (i) it will, independently and without reliance upon the
          Administrative Agent, the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and
          (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender.

     

    Exhibit D-1

    Assignment and Assumption

     

    
      
        

    

    2.          Payments.  From and after the Effective Date, the Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for
          amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have accrued from and after the Effective Date.

     

    3.          General Provisions.  This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns.  This Assignment and Assumption may be executed in
          any number of counterparts, which together shall constitute one instrument.  Delivery of an executed counterpart of a signature page of this Assignment and Assumption by telecopy shall be effective as delivery of a manually executed counterpart
          of this Assignment and Assumption.  This Assignment and Assumption shall be governed by, and construed in accordance with, the law of the State of New York.

     
      Exhibit D-1

      Assignment and Assumption

       

      

    

    
      
        

    

    EXHIBIT D-2

     

    FORM OF ADMINISTRATIVE QUESTIONNAIRE

     

    (see attached)

     

    

    
      Exhibit D-2

        Form of Administrative Questionnaire

       

      

    

    
      
        

    

    EXHIBIT E

     

    FORM OF NOTICE OF LOAN PREPAYMENT

     

    Date:  ___________, _____1

    	To:	
            Bank of America, N.A., as Administrative Agent

          

    

    

    Ladies and Gentlemen:

    

    

    Reference is made to that certain Credit Agreement, dated as of December 14, 2020 (as amended, restated, extended, supplemented or otherwise modified
      in writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined), among American Financial Group, Inc., an Ohio corporation (the “Borrower”), the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent.

    

    

    The Borrower hereby requests to prepay2:

    

    

    	
            Indicate: Requested 

            Amount

          	
            Indicate:

            Base Rate Loan

            or

            Eurodollar Rate Loan

          	
            For Eurodollar

            Rate Loans

            Indicate:

            Interest Period (e.g. 1, 2, 3 or 6 month 

            interest period)

          
	 	 	 
	 	 	 
	 	 	 

    

    

    	 	
            AMERICAN FINANCIAL GROUP, INC.

          
	 	 
	 	
            By:

          	 
	 	

          	
            Name:

          
	 	

          	
            Title:

          

    

    

    
    

    1 All prepayments submitted under a single Notice of Loan Prepayment must be effective
      on the same date.  If multiple effective dates are needed, multiple Notice of Loan Prepayment will need to be prepared and signed.

     

    2 Complete a new row for each Borrowing being prepaid.

     
      Exhibit E

      Notice of Loan Prepayment

       

      

    

    
      
        

    

    EXHIBIT F

     

    FORM OF JOINDER AGREEMENT

     

    This JOINDER AGREEMENT (this “Agreement”), dated as of _____________, 202__, is executed
      and delivered by ______________, a _______________ corporation (the “Joining L/C Obligor”), to and in favor of BANK OF AMERICA, N.A., as Administrative Agent for itself and the other Lenders
      (in such capacity, together with its successors in such capacity, the “Administrative Agent”) and the Lenders (as defined below).

     

    RECITALS:

     

    A.         American Financial Group, Inc., an Ohio
          corporation (“AFG”), of which the Joining L/C Obligor is a Subsidiary, has entered into that certain Credit Agreement dated as of December 14, 2020, among AFG, the Lenders named therein
          (the “Lenders”) and the Administrative Agent (as the same may be amended, modified, supplemented, renewed, extended or restated from time to time, the “Credit Agreement”).

     

    B.           Pursuant to the terms of the Credit
          Agreement, the Joining L/C Obligor, as a Subsidiary of AFG, for whose account Letters of Credit are issued, is obligated to become a Letter of Credit Obligor by virtue of its execution and delivery of this Agreement.

     

    NOW, THEREFORE, in consideration of the premises and the mutual covenants contained in the Credit Agreement, the Joining L/C Obligor hereby agrees as
      follows:

    

    

    1.            Definitions, etc.  Capitalized terms used in this Agreement but not defined in this Agreement shall have the meanings therefor specified in the Credit Agreement.

     

    2.            Assumption.  The Joining L/C Obligor hereby (a) agrees that it is a Letter of Credit Obligor pursuant to the Credit Agreement and (b) assumes, and agrees to pay, discharge and comply with (as applicable), all of the
          indebtedness, liabilities, covenants and obligations of a Letter of Credit Obligor set forth in the Credit Agreement, all in accordance with the terms and provisions of the Credit Agreement.

     

    3.           Representations and Warranties.  The Joining L/C Obligor hereby (a) confirms that it has received a copy of the Credit Agreement and the other Loan Documents and has made its own analysis and decision to enter into this
          Agreement, and (b) represents and warrants to the Administrative Agent and the Lenders that all of the representations and warranties set forth in the Credit Agreement and the other Loan Documents which relate to a Letter of Credit Obligor are
          true and correct as they relate to the Joining L/C Obligor as of the date of this Agreement as if such representations and warranties were made again on and as of the date of this Agreement (except for the representations and warranties which are
          made in the Credit Agreement or the other Loan Documents only as of a specific prior date).

     

    4.           Additional Documentation.  Without limiting the generality of the foregoing, the Joining L/C Obligor hereby covenants and agrees that it will execute and/or deliver to the Administrative Agent, or cause to be executed
          and/or delivered by the appropriate Person, each of the following concurrently herewith:

     
      Exhibit F

        Joinder Agreement

       

      

    

    
      
        

    

    (a)          a certificate of the
          Secretary or Assistant Secretary of the Joining L/C Obligor in form and substance reasonably satisfactory to the Administrative Agent, dated as of the date hereof, certifying as to (i) the resolutions of the board of directors (or similar
          governing body) of the Joining L/C Obligor authorizing its execution, delivery and performance of this Agreement, such certificate to state that the copy of such resolutions is a true and correct copy thereof and that such resolutions were duly
          adopted and have not been amended, superseded, revoked or modified in any respect and remain in full force and effect as of the date of such certificate; (ii) the election, incumbency and signatures of the officer or officers of the Joining L/C
          Obligor executing and delivering this agreement and evidencing the identity, authority and capacity of such officers; (iii) the Joining L/C Obligor’s Organization Documents (a copy of such documents certified by the Secretary of State of the
          Joining L/C Obligor’s jurisdiction of organization to be attached to the certificate); and (iv) such other agreements, documents, instruments and information as the Administrative Agent shall reasonably request;

     

    (b)          such documents and
          certificates as the Administrative Agent may require to evidence that such Joining L/C Obligor is validly existing, in good standing and qualified to engage in business in each jurisdiction where its ownership, lease or operation of properties or
          the conduct of its business requires such qualification; and

     

    (c)          a legal opinion from
          legal counsel for the Joining L/C Obligor acceptable in form and substance to the Administrative Agent.

     

    5.            GOVERNING LAW; SUBMISSION TO JURISDICTION; WAIVER OF VENUE; SERVICE OF PROCESS.

     

    (a)         GOVERNING LAW.  THIS AGREEMENT AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR
          RELATING TO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

     

    

     Exhibit F

      Joinder Agreement

     

    

    
      
        

    

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

     

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

     

    (d)         SERVICE OF PROCESS.  THE JOINING L/C OBLIGOR IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.02 OF THE CREDIT AGREEMENT. 
          NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW.

     

    6.           Survival.  All representations and warranties made or deemed made in this Agreement, the Credit Agreement or any other Loan Document or in any document, statement or certificate furnished in connection with this
          Agreement, the Credit Agreement or any other Loan Document shall survive the execution and delivery of this Agreement, the Credit Agreement and the other Loan Documents and the making of the Loans and the issuance of the Letters of Credit, and no
          investigation by the Administrative Agent or any Lender or any closing shall affect the representations and warranties or the right of the Administrative Agent or any Lender to rely upon them.  Without prejudice to the survival of any other
          obligation of the Joining L/C Obligor hereunder, the obligations of the Joining L/C Obligor under Section 10.04 of the Credit Agreement shall survive repayment of the Loans and the L/C Obligations and the other Obligations.

     
       Exhibit F

        Joinder Agreement

       

    

    
      
        

    

    7.          Counterparts.  This Agreement may be in the form of an Electronic Record and may be executed using Electronic Signatures (including, without limitation, facsimile and .pdf) and shall be considered an original, and shall
          have the same legal effect, validity and enforceability as a paper record.  This Agreement may be executed in as many counterparts as necessary or convenient, including both paper and electronic counterparts, but all such counterparts are one and
          the same Agreement.   For the avoidance of doubt, the authorization under this paragraph may include, without limitation, use or acceptance by the Administrative Agent of a manually signed paper Communication which has been converted into
          electronic form (such as scanned into PDF format), or an electronically signed Communication converted into another format, for transmission, delivery and/or retention.

     

    8.             Headings.  The headings, captions and arrangements used in this Agreement are for convenience only and shall not affect the interpretation of this Agreement.

     

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

     

    10.          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.

     

    11.          Construction.  The Joining L/C Obligor acknowledges that it has had the benefit of legal counsel of its own choice and has been afforded an opportunity to review this Agreement, the Credit Agreement and the other Loan
          Documents with its legal counsel and that this Agreement, the Credit Agreement and the other Loan Documents shall be construed as if jointly drafted by the parties thereto.

     
       Exhibit F

        Joinder Agreement

       

    

    
      
        

    

    12.          Notices.  The Joining L/C Obligor’s address for purposes of notices under the Credit Agreement shall be as specified below its signature hereto.

     

    [Remainder of page intentionally left blank.]

     

    

    
       Exhibit F

        Joinder Agreement

       

    

    
      
        

    

    IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year first above written.

     

    	 	
            JOINING L/C OBLIGOR:

          
	 	 
	 	 
	 	 	 
	 	
            By:

          	 
	 	
            Name:

          	 
	 	
            Title:

          	 
	 	 	 
	 	
            Address for Notices:

          
	 	 
	 	 
	 	 

    	 	
            Telecopy No.:

          	 
	 	
            Telephone No.:

          	 
	 	
            Attention:

          	 
	 	 

    	 	
            BANK OF AMERICA, N.A.,

          
	 	
            as Administrative Agent for the Lenders

          
	 	 
	 	
            By:

          	 
	 	
            Name:

          	 
	 	
            Title:

          	 

    

    

      Exhibit F

      Joinder Agreement

     

    

    
      
        

    

    EXHIBIT G-1

     

    

    FORM OF

    U.S. TAX COMPLIANCE CERTIFICATE

    

    

    (For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes)

    

    

    Reference is hereby made to the Credit Agreement dated as of December 14, 2020 (as amended, supplemented or otherwise modified
      from time to time, the “Credit Agreement”), among American Financial Group, Inc., Bank of America, N.A. and each Lender from time to time party thereto.

     

    Pursuant to the provisions of Section 3.01(e) of the Credit
      Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) it is not a bank within the
      meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and (iv) it is not a controlled foreign corporation related to the Borrower as described in
      Section 881(c)(3)(C) of the Code.

     

    The undersigned has furnished the Administrative Agent and the Borrower with a certificate of its non-U.S. Person status on
      IRS Form W-8BENE (or W-8BEN, as applicable).  By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the Borrower and the Administrative Agent,
      and (2) the undersigned shall have at all times furnished the Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or
      in either of the two calendar years preceding such payments.

     

    Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them
      in the Credit Agreement.

     

    	
            [NAME OF LENDER]

          
	
            By:

          	 	 	 
	 	
            Name:

            

          	 	 
	 	
            Title:

          	 	 

     

    Date: ________ __, 20[  ]

     
      G - 1

      Form of U.S. Tax Compliance Certificate

       

      

    

    
      
        

    

    EXHIBIT G-2

    

    

    FORM OF

    U.S. TAX COMPLIANCE CERTIFICATE

    

    

    (For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes)

    

    

    Reference is hereby made to the Credit Agreement dated as of December 14, 2020 (as amended,
      supplemented or otherwise modified from time to time, the “Credit Agreement”), among American Financial Group, Inc., Bank of America, N.A. and each Lender from time to time party thereto.

     

    Pursuant to the provisions of Section 3.01(e) of the Credit Agreement, the undersigned
      hereby certifies that (i) it is the sole record and beneficial owner of the participation in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten
      percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code, and (iv) it is not a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code.

     

    The undersigned has furnished its participating Lender with a certificate of its non-U.S. Person status on IRS Form W-8BENE
      (or W-8BEN, as applicable).  By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender in writing, and (2) the undersigned shall have
      at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments.

     

    Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them
      in the Credit Agreement.

     

    	[NAME OF PARTICIPANT]
	By:	 	 	 
	 	Name:	 	 
	 	Title:	 	 

     

    

    Date: ________ __, 20[  ]

     
      G - 2

      

      Form of U.S. Tax Compliance Certificate

       

      

    

    
      
        

    

    EXHIBIT G-3

    

    

    FORM OF

    U.S. TAX COMPLIANCE CERTIFICATE

    

    

    (For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes)

    

    

    Reference is hereby made to the Credit Agreement dated as of December 14, 2020 (as amended,
      supplemented or otherwise modified from time to time, the “Credit Agreement”), among American Financial Group, Inc., Bank of America, N.A. and each Lender from time to time party thereto.

     

    Pursuant to the provisions of Section 3.01(e) of the Credit Agreement, the undersigned
      hereby certifies that (i) it is the sole record owner of the participation in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such participation, (iii) with respect
      such participation, neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section
      881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a controlled
      foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code.

     

    The undersigned has furnished its participating Lender with IRS Form W-8IMY accompanied by one of the following forms from
      each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BENE (or W-8BEN, as applicable) or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BENE (or W-8BEN, as applicable) from each of such
      partner’s/member’s beneficial owners that is claiming the portfolio interest exemption.  By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform
      such Lender and (2) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the
      two calendar years preceding such payments.

     

    Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them
      in the Credit Agreement.

     

    	
            [NAME OF PARTICIPANT]

          
	

          	 	 	 
	 By: 

          	Name: 

          	 	 
	 	Title:	 	 

     

    

    Date: ________ __, 20[  ]

     
      G - 3

      

      Form of U.S. Tax Compliance Certificate

       

      

    

    
      
        

    

    EXHIBIT G-4

     

    

    FORM OF

    U.S. TAX COMPLIANCE CERTIFICATE

    

    

    (For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes)

     

    Reference is hereby made to the Credit Agreement dated as of December 14, 2020 (as amended,
      supplemented or otherwise modified from time to time, the “Credit Agreement”), among American Financial Group, Inc., Bank of America, N.A. and each Lender from time to time party thereto.

     

    Pursuant to the provisions of Section 3.01(e) of the Credit Agreement, the undersigned
      hereby certifies that (i) it is the sole record owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of
      such Loan(s) (as well as any Note(s) evidencing such Loan(s)), (iii) with respect to the extension of credit pursuant to this Credit Agreement or any other Loan Document, neither the undersigned nor any of its direct or indirect partners/members is a
      bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a ten percent shareholder
      of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code.

     

    The undersigned has furnished the Administrative Agent and the Borrower with IRS Form W-8IMY accompanied by one of the
      following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BENE (or W-8BEN, as applicable) or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BENE (or W-8BEN, as applicable) from each
      of such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption.  By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so
      inform the Borrower and the Administrative Agent, and (2) the undersigned shall have at all times furnished the Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which
      each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments.

     

    Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them
      in the Credit Agreement.

     

    	
            [NAME OF LENDER]

          
	

          	 	 	 
	By:	 Name:	 	 
	

          	 Title:  	 	 

     

    

    DATE: ________ __, 20[  ]

    

    

    G - 4

    Form of U.S. Tax Compliance Certificate

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