Document:

Exhibit 10.13

 

AGREEMENT TO RENEW LEASE MADE THIS 15"' DAY OF DECEMBER, 2021; BElWEEN:
BENNETT FINANCIAL CORP, (hereinafter called "the Landlord") -and- FLEX LEASING POWER ANO SERVICE ULC (hereinafter called "the Tenant")
WHEREAS by a written lease agreement dated the 1•1 day of December, 2015 (the "Lease•), the Landlord leased to the Tenant the
premises legally described as follows: CONDOMINIUM PLAN 1320815 UNIT2 AND 5000 UNDIVIDED ONE TEN THOUSANTH SHARES IN THE COMMON PROPERTY
EXCEPTING THEREOUT ALL MINES AND MINERALS ANO WHEREAS the Term (as described in the Lease) of the Lease was renewed for a further year
by a renewal agreement dated December 14, 2018 (the *First Renewal Agreement"); ANO WHEREAS the Term was subsequently renewed for a further
year by a renewal agreement dated October 1st, 2019 (the "Second Renewal Agreemenr); AND WHEREAS the Tenn was subsequently renewed for
a further year by a renewal agreement dated July 1, 2020 (the "Third Renewal Agreement"); AND WHEREAS the Landlord and the Tenant have
agreed to renew the Lease for an additional term of 5 years subject to the terms herein; NOW THEREFORE in consideration of the mutual
covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which Is hereby acknowledged by
the parties, the parties hereto agree as follows: 1. The Landlord has agreed with the Tenant to renew the Lease for a period of five
(5) years to commence on the 1"1 day of January, 2022 and end on the 31st day of December, 2026 (the -Fourth Renewal Term•). 2.
The Annual Basic Rent described In 1.1(g) of the Lease shall be $133,650.00 + GST ($16.50/sq ft+ GST) for the Fourth Renewal Term. 3.
The Landlord and the Tenant agree that section 3.1 (a) of the Lease shall be amended to read as follows:

     

     

    

 

 

Page2 (a) Beginning on January 1, 2022, Annual Basic Rent for each
Lease Year, payable In advance in equal consecutive monthly Instalments of $11,137.50 plus GST on the first day of each month In each
year of the Fourth Renewal Term: 4. The Property Taxes shall be Invoiced by the Landlord and paid by the Tenant annually notwithstanding
that Section 3.2 of the Lease requires payment of Property Taxes as a monthly installment. 5. The Landlord will add the following Improvements
to the Building within the first year of the Fourth Renewal Term: (a) a 10 ton overhead crane; (b) 3 phase power 6. The Tenant and Landlord
further agree that the Lease for this Fourth Renewal Term shall be on the same terms and conditions as the initial Lease. 7. All other
terms and conditions of the Lease will continue in force and effect, except there shall be no right to renew the Lease unless by agreement
between the Parties hereto. 8. This Agreement shall be binding upon and enure to the benefit of the heirs, executors, administrators,
successors and assigns of the Parties hereto. 9. This Agreement may be signed and accepted In counterpart and delivered by facsimile
or portable document format (pdf). IN WITNESS WHEREOF the Parties hereto have executed this agreement effective the day, month and year
first above written. FLEX LEASING POWER AND SERVICE ULC Per: ~~ (authorized signatory)Exhibit 10.28

 

FIFTH AMENDMENT TO CREDIT AGREEMENT

 

This fifth
amendment to Credit Agreement (this “Amendment”) is made and entered into on December 10, 2021 (the “Fifth
Amendment Effective Date”), by and among Flex Leasing Power & Service LLC,
a Delaware limited liability company (the “Company”), the other Borrowers and Loan Parties party hereto, Texas
Capital Bank, in its capacity as Administrative Agent (the “Administrative Agent”), and the Lenders (as
defined below) party hereto.

 

RECITALS:

 

WHEREAS, the Loan Parties
are party to that certain Credit Agreement dated as of February 8, 2019 (as amended, restated, supplemented or otherwise modified, the
 “Credit Agreement”), by and among the Company, the other Borrowers from time to time party thereto, the other
Loan Parties from time to time party thereto, the financial institutions from time to time party thereto as lenders (the “Lenders”)
and the Administrative Agent. Capitalized terms used but not defined herein have the meaning set forth in the Credit Agreement, as amended
hereby.

 

WHEREAS, the Company has advised
the Administrative Agent and the Lenders that the report delivered by Deloitte & Touche LLP with respect to the audited financial
statements of Borrower for the fiscal year ending December 31, 2020 (the “2020 Audited Financial Statements”)
contains a qualification and assumption that the Borrower will continue as a going concern (such qualification and assumption, the “Specified
Audited Financials Qualification”). The Borrowers have requested that the Lenders acknowledge and agree that the Specified
Audited Financials Qualification does not constitute a “material qualification” for purposes of Section 6.1(a) of the Credit
Agreement.

 

WHEREAS, the Company, the
other Borrowers, the other Loan Parties, the Administrative Agent and the Lenders desire to amend the Credit Agreement as provided herein
upon the terms and conditions set forth herein, including with respect to allowing FlexEnergy Green Solutions, Inc., a Delaware corporation
(the “Parent”), to become the 100% equityholder of the Company and to consummate a Qualified IPO (as defined
in the Credit Agreement, as amended hereby).

 

WHEREAS, the Company has advised
the Administrative Agent and the Lenders that on the Specified Contribution Effective Date (as defined below), the Parent will issue to
FlexEnergy Power Solutions, LLC, a Delaware limited liability company (the “Ultimate Parent”), its “Common
Stock” (as defined in the Contribution Agreement referred to below) in exchange for the contribution by the Ultimate Parent of the
 “Contributed Interests” (as defined in the Contribution Agreement) pursuant to the terms and conditions of that certain Contribution
Agreement dated as of the Specified Contribution Effective Date, between the Parent, as Company, and the Ultimate Parent (such agreement,
the “Contribution Agreement”, and the contribution and other transactions contemplated thereby, the “Specified
Contribution”). As a result of, and immediately after giving effect to, the Specified Contribution, the Parent will own
100% of the Equity Interests in the Company.

 

    1

     

    

 

NOW THEREFORE, in consideration
of the mutual agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties hereto agree as follows:

 

SECTION 1.     
Fifth Amendment Effective Date Lender Acknowledgment. In reliance on the representations, warranties, covenants and
agreements contained in this Amendment, but subject to the satisfaction of each condition precedent set forth in Section 6 hereof,
the Lenders hereby acknowledge and agree that, effective as of the Fifth Amendment Effective Date:

 

1.1             
 the Specified Audited Financials Qualification will be deemed to be non-material solely for the purpose of the Company providing
audited financial statements with no material qualifications in accordance with Section 6.1(a) of the Credit Agreement. The Loan Parties
hereby acknowledge that nothing contained herein, nor any past indulgence by the Administrative Agent or any Lender nor any other action
or inaction on behalf of the Administrative Agent or any Lender, shall constitute or be deemed to constitute a consent to, or waiver of,
any other action or inaction of the Company or any of the other Loan Parties which constitutes (or would constitute) a violation of any
provision of the Credit Agreement or any other Loan Document, or which results (or would result) in a Default or Event of Default under
the Credit Agreement or any other Loan Document, nor shall this Amendment constitute a course of conduct or dealing among the parties.
The Administrative Agent and the Lenders shall have no obligation to (i) make a similar acknowledgement in the future with respect to
any opinion or report containing the same, similar or other qualifications delivered in connection with the audited financial statements
of the Company delivered to the Administrative Agent for any other fiscal year pursuant to Section 6.1(a) of the Credit Agreement or (ii)
grant any future waivers, consents or amendments with respect to the Credit Agreement or any other Loan Document. The parties hereto agree
that the accommodation with respect to the Specified Audited Financials Qualification herein shall constitute a one-time event and shall
not waive, affect or diminish any right of the Administrative Agent and the Lenders to hereafter demand strict compliance with the Credit
Agreement and the other Loan Documents;

 

1.2             
all prior obligations of the Company under the small business loan made to the Company on April 14, 2020 (the “PPP
Loan”) pursuant to the federal Paycheck Protection Program provided in Section 7(a) of the Small Business Act of 1953, as
amended by the Coronavirus Aid, Relief, and Economic Security Act (the “PPP”) did not constitute Debt for any
purpose under the Credit Agreement (it being understood that such PPP Loan has been forgiven in accordance with the PPP); and

 

1.3             
all fees which are identified as “Amendment Fees” or “Waiver Fees” under the First Amendment, Second Amendment,
Third Amendment, or Fourth Amendment, as applicable, were, to the extent deducted from Net Income, permitted, to be added back solely
for the purposes of the definition of EBITDA solely as they related to the date in which the Loan Parties made payment of such fees to
the Administrative Agent.

 

    2

     

    

 

SECTION 2.     
Fifth Amendment Effective Date Amendments to the Loan Documents. In reliance upon the representations, warranties,
covenants and conditions contained in this Amendment, and subject to the terms, and satisfaction of the conditions precedent set forth
in Section 6 hereof, the applicable Loan Documents are hereby amended as follows:

 

2.1             
 Credit Agreement (Fifth Amendment Effective Date Amendments). The Credit Agreement (other than the signature pages, Exhibits
and Schedules thereto except as expressly set forth in Section 2.2 and Section 2.3 below) is, effective as of the Fifth
Amendment Effective Date (except with respect to the modifications set forth in Section 7.4(d) of the Credit Agreement, which modifications
are effective as of July 9, 2020), hereby amended in its entirety to read as set forth in the attached Annex A.

 

2.2             
Amendment to Exhibit C of the Credit Agreement. Exhibit C of the Credit Agreement is, effective as of the Fifth Amendment
Effective Date, hereby amended by replacing the reference to “FOR MONTH/YEAR ENDED” therein with “FOR MONTH/QUARTER/YEAR
ENDED”.

 

2.3             
Omnibus Amendment to Loan Documents. Each reference to “Texas Capital Bank, National Association” in the Loan
Documents (other than the Credit Agreement) is, effective as of the Fifth Amendment Effective Date, hereby replaced in its entirety with
a reference to “Texas Capital Bank”.

 

SECTION 3.     
Specified Contribution Effective Date Amendments to the Credit Agreement. In reliance upon the representations, warranties,
covenants and conditions contained in this Amendment, and subject to the terms, and satisfaction of the conditions precedent set forth
in Section 7 hereof, the Credit Agreement is hereby amended as follows:

 

3.1             
Credit Agreement (Specified Contribution Effective Date Amendments). The Credit Agreement (other than the signature pages,
Exhibits and Schedules thereto except as expressly set forth in Section 3.2 below) is, effective as of the Specified Contribution
Effective Date, hereby amended in its entirety to read as set forth in the attached Annex B.

 

3.2             
Replacement of Schedule 5.13 to the Credit Agreement. Schedule 5.13 to the Credit Agreement is, effective as of the Specified
Contribution Effective Date, hereby replaced in its entirety with Schedule 5.13 attached hereto as Annex C. Schedule 5.13 attached
hereto as Annex C shall be deemed to be attached as Schedule 5.13 to the Credit Agreement as of the Specified Contribution Effective
Date.

 

SECTION 4.      Termination
of Existing Parent Pledge Agreement. In reliance upon the representations, warranties, covenants and conditions contained in
this Amendment, and subject to the terms, and satisfaction of the conditions precedent set forth in Section 7 hereof, the
parties hereto hereby agree that, effective as of the Specified Contribution Effective Date, (a) the Ultimate Parent will be
automatically released as of the Specified Contribution Effective Date from its obligations as a “Pledgor” and
 “guarantor”, as applicable, under that certain Pledge and Limited Guaranty Agreement dated as of February 8, 2019 (as
amended, supplemented or otherwise modified from time to time, the “Existing Parent Pledge Agreement”),
between the Ultimate Parent and the Administrative Agent, (b) any Liens created pursuant to the Existing Parent Pledge Agreement on
the Equity Interests owned by the Ultimate Parent will automatically be released and (c) the Existing Parent Pledge Agreement
(including the “Limited Guaranty” therein) will be terminated and of no further force and effect. Effective as of the
Specified Contribution Effective Date, the Administrative Agent hereby (i) authorizes the Ultimate Parent (and its designees) to
file all Uniform Commercial Code termination statements and other release documents, in each case, reasonably acceptable to the
Administrative Agent, as are necessary to facilitate and effect and/or evidence the termination and release of all Liens and
guarantees pursuant to this Section 4 and (ii) at the Loan Parties’ sole cost and expense, agrees to promptly execute
or cause to be executed such other instruments, and to take or cause to be taken all such action or actions, reasonably requested by
the Ultimate Parent to facilitate and effect and/or evidence the termination and release of all Liens and guarantees pursuant to
this Section 4.

 

    3

     

    

 

SECTION 5.     
Termination of Intercreditor Agreement. In reliance upon the representations, warranties, covenants and conditions
contained in this Amendment, and subject to the terms, and satisfaction of the conditions precedent set forth in Section 7 hereof,
the parties hereto (including the “Subordinated Lenders” identified on the signature pages hereto) hereby agree that, effective
as of the Specified Contribution Effective Date and notwithstanding anything to the contrary contained in that certain Subordination and
Intercreditor Agreement dated as of February 8, 2019 (the “Intercreditor Agreement”), by and among RNS Flex,
LLC, Energy Special Situations Fund II, L.P., ESS Participation Fund II, L.P. and TRF Platform Holdings, LLC, the Ultimate Parent, the
Borrower, each of the other Loan Parties party thereto from time to time, and Administrative Agent, the Intercreditor Agreement will be
automatically terminated and of no force or effect.

 

SECTION 6.     
Conditions Precedent to Fifth Amendment Effective Date Amendments. The acknowledgment of the Administrative Agent
and the Lenders contained in Section 1 hereof and the amendments to the Loan Documents contained in Section 2 hereof will,
in each case, be effective as of the Fifth Amendment Effective Date on the condition that the following conditions precedent will have
been satisfied:

 

6.1      
Counterparts. The Administrative Agent shall have received counterparts of this Amendment duly executed by each of the Loan
Parties, the Administrative Agent and each Lender.

 

6.2      
Officer’s Fifth Amendment Effective Date Certificate. The Administrative Agent shall have received a certificate,
signed by a Responsible Officer of the Company, dated as of the Fifth Amendment Effective Date, attaching a true, accurate and complete
copy of the Management Services Agreement.

 

6.3       
Amendment Fee. The Administrative Agent shall have received, an amendment fee in an amount equal to $50,000.00, which fee
shall be fully earned and due and payable in full in cash on the Fifth Amendment Effective Date.

 

6.4       
Expenses. The Administrative Agent shall have received payment or reimbursement of its out-of-pocket expenses in connection
with this Amendment and any other out-of-pocket expenses of the Administrative Agent required to be paid or reimbursed pursuant to the
Credit Agreement, including the reasonable fees, charges and disbursements of counsel for the Administrative Agent.

 

6.5        Other
Documents. The Administrative Agent shall have been provided with such documents, instruments and agreements, and the Loan
Parties shall have taken such actions, in each case as the Administrative Agent may reasonably require in connection with this
Amendment and the transactions contemplated hereby.

 

    4

     

    

 

SECTION 7.     
Conditions Precedent to Specified Contribution Effective Date Amendments. The amendments to the Credit Agreement
contained in Section 3 hereof, the termination of the Existing Parent Pledge Agreement contained in Section 4 and the termination
of the Intercreditor Agreement contained in Section 5 hereof will, in each case, be effective automatically on the condition that
the following conditions precedent will have been satisfied (the date upon which all such conditions are satisfied, the “Specified
Contribution Effective Date”):

 

7.1       
Officer’s Certificate. The Administrative Agent shall have received a certificate of a Responsible Officer of the
Parent attaching and/or setting forth (a) resolutions of the directors of the Parent with respect to the authorization of the Parent
to execute and deliver the Loan Documents to which it is a party and to enter into the transactions contemplated in those documents, (b)
the officers of the Parent who are authorized to sign the Loan Documents to which the Parent is a party and who will, until replaced by
another officer or officers duly authorized for that purpose, act as its representative for the purposes of signing documents and giving
notices and other communications in connection with the Credit Agreement and the other Loan Documents, as amended hereby, and the transactions
contemplated thereby, (c) specimen signatures of each such authorized officer, (d) the articles, by-laws or other applicable organizational
documents of the Parent, certified as being true and complete and (e) a certificate of the appropriate government officials of the state
of incorporation or organization of Parent as to the existence and good standing of Parent dated as of a recent date hereof.

 

7.2      
Officer’s Specified Contribution Effective Date Certificate. The Administrative Agent shall have received a certificate,
signed by a Responsible Officer of the Company, dated as of the Specified Contribution Effective Date, (a) stating that no Default has
occurred and is continuing or would result from the transactions contemplated by the Specified Contribution, (b) stating that the representations
and warranties contained in the Loan Documents are true and correct in all material respects (except that any representation and warranty
that is qualified as to “materiality” or “Material Adverse Effect” shall be true and correct in all respects)
as of such date, (c) attaching true, accurate and complete copies of the Contribution Agreement and (d) certifying that the Parent and
the Ultimate Parent are consummating the Specified Contribution substantially in accordance with the Contribution Agreement.

 

7.3       
Parent Pledge Agreement. The Administrative Agent shall have received an executed counterpart from the Parent to the Parent
Pledge Agreement (as defined in the Credit Agreement set forth on Annex B), which Parent Pledge Agreement shall be in form and
substance satisfactory to the Administrative Agent and pursuant to which the Parent will pledge 100% of the Equity Interests in the Company
(including, to the extent such Equity Interests are certificated, delivery to the Administrative Agent of original stock certificates
evidencing such Equity Interests, together with an appropriate undated membership power for each certificate duly executed in blank by
the registered owner thereof).

 

7.4        Release
of Ultimate Parent Security Interest. The Administrative Agent shall have received evidence satisfactory to it that the liens
and security interests securing the “Parent Loans” (as defined in the modified Credit Agreement immediately prior to
giving effect to this Amendment) on any Collateral shall have been released, terminated and of no further force and effect
substantially contemporaneously with the closing of the Specified Contribution (including the filing of any UCC-3 amendments
limiting the collateral securing the Parent Loans to the “Pledged Collateral” as defined in the Stock Pledge Agreement
referred to below) pursuant to that certain Stock Pledge Agreement dated as of the Specified Contribution Effective Date, by and
among the Ultimate Parent and the “Subordinated Lenders” (as defined in the modified Credit Agreement set forth on Annex
A) party thereto (the “Stock Pledge Agreement”).

 

    5

     

    

 

7.5       
Lien Searches. The Administrative Agent shall have received the results of UCC, tax lien and judgment lien searches showing
all financing statements and other documents or instruments on file against the Parent in the appropriate filing offices, reflecting no
Liens against any of the Collateral of the Parent.

 

7.6       
Financing Statements. The Administrative Agent shall have received UCC financing statements in form and substance satisfactory
to the Administrative Agent reflecting Parent (solely with respect to its pledge of the Equity Interests in Company), as debtor, and Administrative
Agent, as secured party, which are required to grant a Lien which secures the Obligations and covering such Collateral as Administrative
Agent may request.

 

7.7       
Opinion of Counsel. The Administrative Agent shall have received a favorable opinion dated as of the Specified Contribution
Effective Date and in form and substance reasonably satisfactory to the Administrative Agent of Fennemore Craig, P.C., legal counsel to
the Parent and each Loan Party, as to such matters as Administrative Agent may reasonably request.

 

7.8       
KYC Requirements. The Administrative Agent and each of the Lenders shall have received from the Parent, to the extent requested
by the Administrative Agent or such Lender at least three (3) Business Days prior to the Specified Contribution Effective Date, all documentation
and other information required by regulatory authorities under applicable “know your customer” and anti-money laundering rules
and regulations, including the Patriot Act.

 

7.9       
Corporate Structure. The corporate structure, capital structure and other material debt instruments, material accounts and
governing documents of Parent, the Company and its Subsidiaries shall be acceptable to Administrative Agent in its reasonable discretion.

 

The Administrative Agent is
hereby authorized and directed to declare the amendments to the Credit Agreement contained in Section 3 hereof, the termination
of the Existing Parent Pledge Agreement contained in Section 4 and the termination of the Intercreditor Agreement contained in
Section 5 hereof to be effective on the Specified Contribution Effective Date. Such declaration shall be final, conclusive and
binding upon the Lenders, the other parties to the Credit Agreement and the “Subordinated Lenders” identified on the signature
pages hereto for all purposes.

 

SECTION 8.      
Representations and Warranties. Each Loan Party hereby represents and warrants to the Lenders the following:

 

8.1        Representations
and Warranties. After giving effect to this Amendment, the representations and warranties contained in the Credit Agreement, as
amended hereby, and the other Loan Documents are true and correct in all material respects (without duplication of any materiality
qualification applicable thereto) on and as of the date hereof as though made on and as of the date hereof, except to the extent
such representations and warranties expressly relate to an earlier date, in which case such representations and warranties were true
and correct in all material respects as of such earlier date, and except for any change of facts expressly permitted under the
provisions of the Credit Agreement and the other Loan Documents.

 

    6

     

    

 

8.2      
No Default. After giving effect to this Amendment, no Default or Event of Default has occurred and is continuing as of the
date hereof.

 

8.3      
Enforceability. This Amendment has been duly executed and delivered by such Loan Party, and the Credit Agreement, as amended
hereby, constitutes a legal, valid and binding obligation of such Loan Party, enforceable against such Loan Party in accordance with its
terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights
generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

 

SECTION 9.     
Survival of Representations and Warranties. All representations and warranties made in this Amendment, including
any Loan Document furnished in connection with this Amendment, shall survive the execution and delivery of this Amendment and the other
Loan Documents, and no investigation by the Administrative Agent or any closing shall affect the representations and warranties or the
right of the Administrative Agent or any Lender to rely upon them.

 

SECTION 10.    
Expenses. As provided in Section 11.1 of the Credit Agreement and subject to the limitations expressly set forth
therein, the Borrowers hereby agree to pay on demand all legal and other fees, costs and expenses incurred by the Administrative Agent
in connection with the negotiation, preparation, and execution of this Amendment and all related documents.

 

SECTION 11.    
No Implied Waivers. No failure or delay on the part of the Administrative Agent or any Lender in exercising, and
no course of dealing with respect to, any right, power or privilege under this Amendment, the Credit Agreement or any other Loan Document
shall operate as a waiver thereof, nor shall any single or partial exercise of any right, power or privilege under this Amendment, the
Credit Agreement or any other Loan Document preclude any other or further exercise thereof or the exercise of any other right, power or
privilege.

 

SECTION 12.    Ratification and Affirmation of Loan Parties. Each of the Loan Parties hereby expressly (a) acknowledges the terms
of this Amendment, (b) ratifies and affirms its obligations under the Loan Documents to which it is a party, (c) acknowledges, renews
and extends its continued liability under the Loan Documents to which it is a party, and (d) agrees, with respect to each Loan Party that
is a Guarantor, that its guarantee under the Guaranty remains in full force and effect with respect to the Obligations as amended hereby.
Any and all of the terms and provisions of the Credit Agreement and the other Loan Documents shall, except as amended hereby, remain in
full force and effect. The Loan Parties hereby extend the Liens securing the Obligations until the Obligations have been paid in full,
and agree that the amendments and waivers herein contained shall in no manner affect or impair the Obligations or the Liens securing payment
and performance thereof, all of which are ratified and confirmed.

 

    7

     

    

 

SECTION 13. 
    Severability. Any provision of this Amendment that is prohibited or unenforceable in any jurisdiction shall,
as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining portions
hereof or affecting the validity or enforceability of such provision in any other jurisdiction.

 

SECTION 14.   
APPLICABLE LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF TEXAS.

 

SECTION 15.    
Successors and Assigns. This Amendment is binding upon and shall inure to the benefit of the Administrative Agent,
the Lenders and the Loan Parties and their respective successors and assigns, except the Loan Parties may not assign or transfer any of
their rights or obligations hereunder without the prior written consent of the Administrative Agent, other than as expressly permitted
under the terms of the Credit Agreement.

 

SECTION 16.  
Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto in separate
counterparts, each of which when so executed and delivered shall be deemed an original but all of which when taken together shall constitute
but one and the same instrument. Delivery of an executed signature page of this Amendment by facsimile transmission or PDF electronic
transmission shall be effective as delivery of a manually executed counterpart hereof.

 

SECTION 17.    
Effect of Consent. No consent or waiver, express or implied, by the Administrative Agent to or for any breach of
or deviation from any covenant, condition or duty by the Borrowers shall be deemed a consent or waiver to or of any other breach of the
same or any other covenant, condition or duty.

 

SECTION 18.   
Headings. The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect
the meaning hereof.

 

SECTION 19.   
Reaffirmation of Loan Documents. This Amendment shall be deemed to be an amendment to the Credit Agreement, and the
Credit Agreement, as amended hereby, and the other Loan Documents are hereby ratified, approved and confirmed in each and every respect.
All references to the Credit Agreement herein and in any other document, instrument, agreement or writing shall hereafter be deemed to
refer to the Credit Agreement as amended hereby.

 

SECTION 20.     
Loan Document. This Amendment constitutes a “Loan Document” under and as defined in the Credit Agreement.

 

SECTION 21.  
Entire Agreement. THE CREDIT AGREEMENT, THIS AMENDMENT, THE OTHER LOAN DOCUMENTS, AND ALL OTHER INSTRUMENTS, DOCUMENTS
AND AGREEMENTS EXECUTED AND DELIVERED IN CONNECTION WITH THIS AMENDMENT 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 ORAL AGREEMENTS AMONG THE
PARTIES.

 

[THE REMAINDER OF THIS PAGE HAS BEEN INTENTIONALLY
LEFT BLANK]

 

    8

     

    

 

IN WITNESS WHEREOF, the parties
hereto have executed this Amendment as of the date set forth above.

 

	 	BORROWERS:
	 	 
	 	FLEX LEASING POWER
                                            & SERVICE LLC,

                                                                     a Delaware limited liability company

	 	 
	 	By:	/s/ Wes Kimmel
	 	Name:	Wes Kimmel
	 	Title:	Chief Financial Officer
	 	 
	 	FLEX LEASING POWER
                                            AND SERVICE ULC,

                                                                     an Alberta unlimited liability corporation

	 	 
	 	By:	/s/ Doug Baltzer
	 	Name:	Doug Baltzer
	 	Title:	President

 

[Signature
Page to Fifth Amendment To Credit Agreement

 – Flex Leasing Power & Service LLC]

 

     

     

    

 

	 	GUARANTORS:
	 	 
	 	FLEX POWER CO.,
	 	a Delaware limited liability company
	 	 
	 	By:	/s/ Doug Baltzer
	 	Name:	Doug Baltzer
	 	Title:	 President

 

[Signature
Page to Fifth Amendment To Credit Agreement

 – Flex Leasing Power & Service LLC]

 

     

     

    

 

	 	ADMINISTRATIVE AGENT AND LENDER:
	 	 
	 	TEXAS CAPITAL BANK
	 	 
	 	By:	/s/ Dan Clubb
	 	Name:      Dan Clubb
	 	Title:        Senior Vice President

 

[Signature
Page to Fifth Amendment To Credit Agreement

 – Flex Leasing Power & Service LLC]

 

     

     

    

 

	 	Solely with respect to Section
    5 hereof:
	 	 
	 	RNS FLEX, LLC
	 	 
	 	By:	RNS Management, LLC, its Manager
	 	 
	 	By:	/s/ Thomas R. Denison
	 	 	Thomas R. Denison, Manager
	 	 
	 	ENERGY SPECIAL SITUATIONS FUND II, L.P.,
	 	 
	 	By:	Energy Special Situations Fund Management II, LLC, 
	 	its general partner
	 	 
	 	By: 	/s/ Jonathan S. Linker
	 	 	Jonathan S. Linker, Manager
	 	 
	 	ESS PARTICIPATION FUND II, L.P.,
	 	 
	 	By:	Energy Special Situations Fund Management II, LLC, 
	 	its general partner
	 	 
	 	By:	/s/ Jonathan S. Linker
	 	 	Jonathan S. Linker, Manager
	 	 
	 	TRF PLATFORM HOLDINGS, LLC
	 	 
	 	By:	Intervale Capital Fund III, L.P., its manager
	 	By:	Intervale Capital GP III, L.P., its general partner
	 	By:	Intervale Capital Associates III LLC, its general partner
	 	 
	 	By:	/s/ Patrick Connelly
	 	 	Patrick Connelly, Authorized Person

 

[Signature
Page to Fifth Amendment To Credit Agreement

 – Flex Leasing Power & Service LLC]

 

     

     

    

 

ANNEX
A

 

Conformed Credit Agreement
(Fifth Amendment Effective Date)

 

[See Attached]

 

ANNEX A

 

     

     

    

 

Annex
A to Fifth Amendment to Credit Agreement 

 

CREDIT AGREEMENT

 

among

 

FLEX LEASING POWER &
SERVICE LLC

and

FLEX LEASING POWER AND SERVICE ULC,

as Borrowers,

 

and

THE OTHER LOAN PARTIES FROM TIME TO TIME PARTY HERETO,

 

THE LENDERS FROM TIME
TO TIME PARTY HERETO

and

 

TEXAS CAPITAL BANK,

as Administrative Agent, Swing Line Lender and L/C Issuer

 

TEXAS CAPITAL BANK,

as Sole Lead Arranger and Sole Book Runner

 

DATED AS OF FEBRUARY 8,
2019

 

     

     

    

 

TABLE OF CONTENTS

 

Page

 

	Article 1.
    DEFINITIONS	1
	 	 	 
	Section 1.1	Definitions	1
	Section 1.2	Accounting Matters	49
	Section 1.3	ERISA Matters	50
	Section 1.4	Letter of Credit Amounts	50
	Section 1.5	Other Definitional Provisions	50
	Section 1.6	Interpretative Provision	50
	Section 1.7	Times of Day	50
	Section 1.8	Other Loan Documents	50
	Section 1.9	Divisions	50
	Section 1.10	Rates	51
	Section 1.11	Rounding	51

 

	Article 2.
    THE COMMITMENTS AND CREDIT EXTENSIONS	51
	 	 	 
	Section 2.1	The Loans	51
	Section 2.2	Letters of Credit	52
	Section 2.3	Swing Line Loans	60
	Section 2.4	Fees	64
	Section 2.5	Payments Generally; Administrative
    Agent’s Clawback	64
	Section 2.6	Evidence of Debt	66
	Section 2.7	Cash Collateral	66
	Section 2.8	Interest; Payment Terms	68
	Section 2.9	Voluntary Termination or Reduction
    of Commitments; Prepayments	70
	Section 2.10	Uncommitted Increase in Commitments	71
	Section 2.11	Cash Collateral Blocked Accounts	73
	Section 2.12	Collection of Accounts	73
	Section 2.13	Appointment of Borrower Representative	74
	Section 2.14	Joint and Several Liability	75

 

	Article 3.
    TAXES, YIELD PROTECTION AND INDEMNITY  	76
	 	 	 
	Section 3.1	Increased Costs	76
	Section 3.2	Illegality	77
	Section 3.3	Alternate Rate of Interest	78
	Section 3.4	Taxes	81
	Section 3.5	Compensation for Losses	85
	Section 3.6	Mitigation of Obligations; Replacement
    of Lenders	86
	Section 3.7	Survival	87

 

	Article 4.
    CONDITIONS PRECEDENT	87
	 	 	 
	Section 4.1	Initial Extension of Credit	87
	Section 4.2	All Extensions of Credit	90

 

    i

     

    

 

	Article 5.
    REPRESENTATIONS AND WARRANTIES	91
	 	 	 
	Section 5.1	Entity Existence	91
	Section 5.2	Financial Statements; Etc.	92
	Section 5.3	Action; No Breach	92
	Section 5.4	Operation of Business	92
	Section 5.5	Litigation and Judgments	93
	Section 5.6	Rights in Properties; Liens	93
	Section 5.7	Enforceability	93
	Section 5.8	Approvals	93
	Section 5.9	Taxes	94
	Section 5.10	Use of Proceeds; Margin Securities	94
	Section 5.11	ERISA	94
	Section 5.12	Disclosure	95
	Section 5.13	Subsidiaries	95
	Section 5.14	Agreements	95
	Section 5.15	Compliance with Laws	96
	Section 5.16	Inventory	96
	Section 5.17	Regulated Entities	96
	Section 5.18	Environmental Matters	96
	Section 5.19	Intellectual Property	97
	Section 5.20	Anti-Corruption Laws; Sanctions;
    Etc.	97
	Section 5.21	Patriot Act	97
	Section 5.22	Insurance	97
	Section 5.23	Solvency	98
	Section 5.24	Security Documents	98
	Section 5.25	Labor Matters	98
	Section 5.26	Material Agreements	98
	Section 5.27	Additional Representations of
    Guarantors	98
	Section 5.28	Qualified ECP Guarantor. Each
    Borrower is a Qualified ECP Guarantor	98

 

	Article 6.
    AFFIRMATIVE COVENANTS	99
	 	 	 
	Section 6.1	Reporting Requirements	99
	Section 6.2	Maintenance of Existence; Conduct
    of Business	103
	Section 6.3	Maintenance of Properties	103
	Section 6.4	Taxes and Claims	103
	Section 6.5	Insurance	104
	Section 6.6	Inspection Rights	104
	Section 6.7	Keeping Books and Records	105
	Section 6.8	Compliance with Laws	105
	Section 6.9	Compliance with Agreements	105
	Section 6.10	Further Assurances	105
	Section 6.11	ERISA	105
	Section 6.12	Depository Relationship; Control
    Agreements; Blocked Accounts	105
	Section 6.13	Additional Loan Parties	106
	Section 6.14	Inventory; Collateral Access
    Agreements	106
	Section 6.15	Certificates of Title	107
	Section 6.16	Sanctions; Anti-Corruption Laws	107
	Section 6.17	Post-Closing Obligations	107

 

    ii

     

    

 

	Article 7.
    NEGATIVE COVENANTS	108
	 	 	 
	Section 7.1	Debt	108
	Section 7.2	Limitation on Liens	109
	Section 7.3	Mergers, Etc.	110
	Section 7.4	Restricted Payments	110
	Section 7.5	Loans and Investments	111
	Section 7.6	Limitation on Issuance of Equity	112
	Section 7.7	Transactions With Affiliates	112
	Section 7.8	Disposition of Assets	113
	Section 7.9	Sale and Leaseback	113
	Section 7.10	Prepayment of Debt	113
	Section 7.11	Nature of Business	113
	Section 7.12	Environmental Protection	113
	Section 7.13	Accounting	114
	Section 7.14	Burdensome Agreements	114
	Section 7.15	Subsidiaries	114
	Section 7.16	Amendments of Certain Documents	114
	Section 7.17	Hedge Agreements	114
	Section 7.18	Anti-Corruption Laws; Sanctions;
    Anti-Terrorism Law	115
	Section 7.19	Negative Pledge	115
	Section 7.20	Canadian Defined Benefit Plan	114
	 	 	 
	Article 8.
    FINANCIAL COVENANTS	115
	 	 	 
	Section 8.1	Leverage Ratio	115
	Section 8.2	Fixed Charge Coverage Ratio	115
	 	 	 
	Article 9.
    DEFAULT	115
	 	 	 
	Section 9.1	Events of Default	115
	Section 9.2	Remedies Upon Default	118
	Section 9.3	Right to Cure Financial Covenant
    Non-Compliance	128
	Section 9.4	Application of Funds	119
	Section 9.5	Performance by Administrative
    Agent	120

 

    iii

     

    

 

	Article 10.
    AGENCY	121
	 	 	 
	Section 10.1	Appointment and Authority	121
	Section 10.2	Rights as a Lender	121
	Section 10.3	Exculpatory Provisions	121
	Section 10.4	Reliance by Administrative Agent	123
	Section 10.5	Delegation of Duties	123
	Section 10.6	Resignation or Removal of Administrative
    Agent	123
	Section 10.7	Non-Reliance on Administrative
    Agent and Other Lenders	125
	Section 10.8	Administrative Agent May File
    Proofs of Claim	125
	Section 10.9	Collateral and Guaranty Matters	126
	Section 10.10	Bank Product Agreements	127
	Section 10.11	Erroneous Payments	128
	 	 	 
	Article 11.
    MISCELLANEOUS	130
	 	 	 
	Section 11.1	Expenses	130
	Section 11.2	INDEMNIFICATION	132
	Section 11.3	Limitation of Liability	133
	Section 11.4	No Duty	134
	Section 11.5	Lenders Not Fiduciary	134
	Section 11.6	Equitable Relief	134
	Section 11.7	No Waiver; Cumulative Remedies	134
	Section 11.8	Successors and Assigns	135
	Section 11.9	Survival	139
	Section 11.10	Amendment	139
	Section 11.11	Notices	141
	Section 11.12	Governing Law; Venue; Service
    of Process	143
	Section 11.13	Counterparts	143
	Section 11.14	Severability	144
	Section 11.15	Headings	144
	Section 11.16	Construction	144
	Section 11.17	Independence of Covenants	144
	Section 11.18	WAIVER OF JURY TRIAL	144
	Section 11.19	Additional Interest Provision	145
	Section 11.20	Ceiling Election	146
	Section 11.21	USA Patriot Act	146
	Section 11.22	Defaulting Lenders	146
	Section 11.23	Sharing of Payments by Lenders	149
	Section 11.24	Payments Set Aside	149
	Section 11.25	Setoff	150
	Section 11.26	Confidentiality	151
	Section 11.27	Electronic Execution of Assignments
    and Certain Other Documents	152
	Section 11.28	Acknowledgement and Consent
    to Bail-In of Affected Financial Institutions	152
	Section 11.29	Keepwell	153
	Section 11.30	NOTICE OF FINAL AGREEMENT	153
	Section 11.31	Intercreditor Agreement	153
	Section 11.32	Acknowledgement Regarding Any
    Supported QFCs	153

 

    iv

     

    

 

	Article 12.
    GUARANTY	154
	 	 	 
	Section 12.1	Guaranty	154
	Section 12.2	Payment	154
	Section 12.3	Agreements and Waivers	155
	Section 12.4	Liability	156
	Section 12.5	Subordination	157
	Section 12.6	Subrogation	157
	Section 12.7	Other Indebtedness or Obligations
    of Guarantors	157
	Section 12.8	Costs and Expenses	158
	Section 12.9	Exercising Rights, Etc.	158
	Section 12.10	Benefit; Binding Effect	158
	Section 12.11	Multiple Guarantors	158
	Section 12.12	Additional Guarantors	159
	Section 12.13	Reinstatement	159
	Section 12.14	Maximum Liability	159

 

    v

     

    

 

	INDEX TO SCHEDULES
	 	 	 
	Schedule	Description of Schedule	Section
	 	 	 
	2.1	Commitments and Applicable Percentages	2.1
	2.11	Blocked Accounts	2.11
	5.5	Litigation and Judgments	5.5
	5.6(b)	Owned Real Property	5.6
	5.6(c)	Leased Real Property (Lessee)	5.6
	5.9	Taxes	5.9
	5.13	Parent; Subsidiaries	5.13
	5.26	Material Agreements	5.26
	7.1	Existing Debt	7.1
	7.2	Existing Liens	7.2
	7.5	Existing Investments	7.5
	11.11	Notices	11.11

 

	INDEX TO EXHIBITS
	 	 	 
	Exhibit	Description of Exhibit	Section
	 	 	 
	A	Assignment and Assumption	1.1
	B	Borrowing Base Report	1.1
	C	Compliance Certificate	1.1
	D	Borrowing Request	1.1
	E	Note	1.1
	F	Swing Line Loan Request	1.1
	G	Tax Forms	3.4(g)
	H	Joinder Agreement	1.1

 

    vi

     

    

 

CREDIT AGREEMENT

 

This CREDIT AGREEMENT
dated as of February 8, 2019 (as the same may be amended, restated, supplemented or otherwise modified from time to time, this “Agreement”),
is among FLEX LEASING POWER & SERVICE LLC, a Delaware limited liability company (“Company”), FLEX
LEASING POWER AND SERVICE ULC, an Alberta unlimited liability corporation (“Canadian Borrower”; and together
with Company and any Subsidiary of Company that becomes party hereto as a “Borrower” pursuant to Section 6.13(a),
including their respective successors and assigns to the extent permitted by Section 11.8, individually, a “Borrower”,
and collectively, “Borrowers”), each of the other Loan Parties from time to time party hereto, the Lenders
from time to time party hereto, and TEXAS CAPITAL BANK, a national banking association, as Administrative Agent, Swing Line Lender
and L/C Issuer.

 

RECITALS

 

The Borrowers have requested
that Lenders extend credit to Borrowers as described in this Agreement. Lenders are willing to make such credit available to Borrowers
upon and subject to the provisions, terms and conditions hereinafter set forth.

 

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

 

Article 1.

DEFINITIONS

 

Section 1.1           
Definitions. As used in this Agreement, all exhibits, appendices and schedules hereto and in any note, certificate,
report or other Loan Document made or delivered pursuant to this Agreement, the following terms will have the meanings given such terms
in this Article 1 or in the provision, section or recital referred to below:

 

“Account”
means an account, as defined in the UCC or the PPSA, as applicable.

 

“Account Agings”
has the meaning set forth in Section 6.1(l).

 

“Additional Guarantor”
has the meaning set forth in Section 12.12.

 

“Adjusted Eurodollar
Rate” means, with respect to any Loan for any Interest Period or day, as applicable, an interest rate per annum equal to
the Eurodollar Rate for such Interest Period or day multiplied by the Statutory Reserve Rate; provided, however, if the Eurodollar
Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement.

 

“Administrative
Agent” means Texas Capital Bank, in its capacity as administrative agent under any of the Loan Documents, until the appointment
of a successor administrative agent pursuant to the terms of this Agreement and, thereafter, shall mean such successor administrative
agent.

 

    CREDIT AGREEMENT – Page 1

     

    

 

“Administrative
Questionnaire” means an Administrative Questionnaire in a form supplied by or reasonably acceptable to Administrative Agent.

 

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

 

“Affiliate”
means, as to any Person, any other Person that directly or indirectly, through one or more intermediaries, Controls or is Controlled
by, or is under common Control with, such Person; provided, however, in no event shall any Lender be deemed an Affiliate
of Parent, any Borrower or any of their respective Subsidiaries or Affiliates. Notwithstanding the foregoing, for purposes of clause
(e), clause (n), and clause (r) of the definition of “Eligible Accounts”, the term “Affiliate”
solely with respect to any Loan Party shall exclude any portfolio company (other than Parent, any Loan Party or any of their respective
Subsidiaries) of the Permitted Holders and their Affiliates engaged in the business of producing goods or providing services that, but
for this sentence, would otherwise be an Affiliate of any Permitted Holder or of Parent, any Loan Party or any of their respective Subsidiaries.

 

“Affiliated Debt”
has the meaning set forth in Section 12.5.

 

“Agent Parties”
means, collectively, Administrative Agent or any of its Related Parties.

 

“Agreement”
has the meaning set forth in the introductory paragraph hereto, and includes all schedules, exhibits and appendices attached or otherwise
identified therewith.

 

“Annualized Debt
Service” means, for any date of determination, the sum of all regularly scheduled principal payments and all Cash Interest
Expense that are paid or payable in respect of all Debt of Company and its Subsidiaries on a consolidated basis in accordance with GAAP
(other than scheduled payments of principal on Debt which pay such Debt in full, but only to the extent such final payment is greater
than the scheduled principal payment immediately preceding such final payment) for the trailing three month period then ending on such
date multiplied by four (4).

 

“Annualized EBITDA”
means, for any date of determination, the sum of (a)(i) EBITDA of Company and its Subsidiaries on a consolidated basis in accordance
with GAAP for the trailing three month period then ending on such date (without giving effect to the amount of any Specified EBITDA Equity
Contribution that is deemed to be EBITDA for any fiscal quarter included in the trailing four fiscal quarter period pursuant to Section
9.3) multiplied by (ii) four (4), plus (b) the amount of any Specified EBITDA Equity Contribution that is
deemed to be EBITDA for any fiscal quarter included in the trailing four fiscal quarter period pursuant to Section 9.3.

 

“Anti-Corruption
Laws” means all state, provincial, territorial or federal Laws, rules, and regulations applicable to the Loan Parties or
any of their Affiliates from time to time concerning or relating to bribery or corruption, including the FCPA, the Bank Secrecy Act,
the Corruption of Foreign Public Officials Act (Canada), and other similar anti-corruption legislation in other jurisdictions.

 

“Anti-Terrorism
Laws” has the meaning set forth in Section 5.21.

 

    CREDIT AGREEMENT – Page 2

     

    

 

“Applicable Margin”
means the applicable percentages per annum set forth below, based upon the Leverage Ratio, as set forth in the most recent Compliance
Certificate received by Administrative Agent for each fiscal quarter or the last month of each fiscal quarter from time to time pursuant
to Section 6.1(d), as applicable:

 

	Pricing

    Level	Leverage
    Ratio	Base
    Rate Loans	Eurodollar
    Rate

    Loans

    and Letter

    of Credit Fee
	1	≤
    2.00:1.00	1.50%	2.50%
	2	>2.00:1.00
    but ≤ 2.50:1.00	1.75%	2.75%
	3	>2.50:1.00	2.00%	3.00%

 

Any increase or decrease
in the Applicable Margin resulting from a change in the Leverage Ratio shall become effective as of the first day immediately following
the date a Compliance Certificate is delivered for each fiscal quarter or the last month of each fiscal quarter from time to time pursuant
to Section 6.1(d), as applicable; provided that if such Compliance Certificate is not delivered when due in
accordance with such Section, then upon the request of the Required Lenders, Pricing Level 3 shall apply as of the first day after
the date on which such Compliance Certificate was required to have been delivered and shall remain in effect until the date on which
such Compliance Certificate is delivered. The Applicable Margin from the Closing Date through the date such Compliance Certificate is
delivered pursuant to Section 6.1(d) in respect of the last month of the second fiscal quarter of Company ending after
the Closing Date shall be determined based upon Pricing Level 2.

 

If, as a result of any restatement
of or other adjustment to the financial statements of Company or for any other reason, the Borrower Representative or the Required Lenders
determine that (i) the Leverage Ratio as calculated by Company as of any applicable date was inaccurate and (ii) a proper calculation
of the Leverage Ratio would have resulted in higher pricing for such period, Borrowers shall immediately and retroactively be obligated
to pay to Administrative Agent for the account of the applicable Lenders, L/C Issuer or Swing Line Lender, as the case may be, promptly
on demand by Administrative Agent (or, after the occurrence of an actual or deemed entry of an order for relief with respect to any Loan
Party under the Bankruptcy Code of the United States, automatically and without further action by Administrative Agent, any Lender, L/C
Issuer or Swing Line Lender), an amount equal to the excess of the amount of interest and fees that should have been paid for such period
over the amount of interest and fees actually paid for such period. This paragraph shall not limit the rights of Administrative Agent,
any Lender, L/C Issuer or Swing Line Lender, as the case may be, including the rights available under Article 2 or under
Article 9. Each Borrower’s obligations under this paragraph shall survive the termination of the Commitments
and the repayment of all other Obligations hereunder.

 

“Applicable Percentage”
means, with respect to any Lender at any time, the percentage (carried out to the ninth decimal place) of such Lender’s Commitment
at such time divided by the aggregate Commitments of all Lenders; provided that if the Commitments have been terminated pursuant
to the terms hereof, then the Applicable Percentage of each Lender shall be determined based upon the Applicable Percentage of such Lender
immediately prior to such termination and after giving effect to any subsequent assignments made pursuant to the terms hereof.

 

    CREDIT AGREEMENT – Page 3

     

    

 

“Applicable Rate”
means (a) in the case of a Base Rate Loan, the Base Rate plus the Applicable Margin; and (b) in the case of a Eurodollar
Rate Loan, the Adjusted Eurodollar Rate plus the Applicable Margin.

 

“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.

 

“Arranger”
means Texas Capital Bank in its capacity as sole lead arranger and sole book runner.

 

“Assignment and
Assumption” means an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent of any
party whose consent is required by Section 11.8), and accepted by Administrative Agent, in substantially the form
of Exhibit A or any other form approved by Administrative Agent.

 

“Authorized Party”
has the meaning set forth in Section 11.11(d)(iii).

 

“Availability”
means, as of any date, the difference between (a) an amount equal to the lesser of (i) the Borrowing Base in effect on such
date and (ii) the aggregate amount of the Commitments of the Lenders on such date less (b) the total Revolving Credit
Exposure of the Lenders on such date.

 

“Availability
Reserves” shall mean, as of any date of determination, such amounts as Administrative Agent may from time to time establish
and revise in its Permitted Discretion: (a) to reflect events, conditions, contingencies or risks which, as determined by Administrative
Agent, do or may affect either (i) the Collateral or any other Property which is security for the Obligations, (ii) the assets,
business or prospects of the Loan Parties, (iii) the security interests and other rights of any Secured Party in the Collateral
(including the enforceability, perfection and priority thereof), (b) to reflect Administrative Agent’s belief that any collateral
report or financial information furnished by or on behalf of the Loan Parties to Administrative Agent is or may have been incomplete,
inaccurate or misleading in any material respect, (c) in respect of Rent Reserves, Bank Products and Hedge Agreements and (d) in
respect of any state of facts which Administrative Agent determines constitutes a Default or an Event of Default or may, with notice
or passage of time or both, constitute a Default or an Event of Default. Without limiting the foregoing, the Administrative Agent, in
its Permitted Discretion, may establish and/or increase Availability Reserves (but without duplication) in respect of: (A) any reserve
established by the Administrative Agent on account of statutory claims, deemed trusts, or inventory subject to rights of suppliers under
Section 81.1 of the BIA or similar rights of reclamation under Section 81.2 of the BIA, or under any other applicable Law, (B) employee
or employee benefit related liabilities and any other claims which may have priority over the claims of the Administrative Agent and
the Lenders, including Canadian Priority Payables, (C) liabilities arising under or in respect of any Canadian Pension Plan which, if
not paid, could result in a Lien on any of the assets of any Credit Party, which Lien could reasonably be expected to have priority over,
or rank pari passu with, the Liens of the Administrative Agent, (D) claims by Her Majesty the Queen in Right of Canada made pursuant
to Section 224(1.2) or 224(1.3) of the ITA, (E) claims pursuant to any provision of the Canada Pension Plan or the Employment Insurance
Act (Canada) that refers to subsection 224(1.2) of the ITA and provides for the collection of a contribution (as defined in the Canada
Pension Plan), or employee’s premium or employer’s premium (as defined in the Employment Insurance Act (Canada)), or a premium
under Part VII.1 of that Act, and of any related interest, penalties or other amounts, (F) claims pursuant to any provision of provincial
legislation that has a similar purpose to subsection 224(1.2) of the ITA, or that refers to that subsection, to the extent that it provides
for the collection of a sum, and of any related interest, penalties or other amounts, where the sum has been withheld or deducted by
a person from a payment to another person and is in respect of a tax similar in nature to the income tax imposed on individuals under
the ITA or is of the same nature as a contribution under the Canada Pension Plan if the province is a “province providing a comprehensive
pension plan” as defined in subsection 3(1) of the Canada Pension Plan and the provincial legislation establishes a “provincial
pension plan” as defined in that subsection, which claims could reasonably be expected to have priority over, or rank pari passu
with, the Liens of the Administrative Agent.

 

    CREDIT AGREEMENT – Page 4

     

    

 

“Available Tenor”
means, as of any date of determination and with respect to the then-current Benchmark, as applicable, any tenor for such Benchmark or
payment period for interest calculated with reference to such Benchmark, as applicable, that is or may be used for determining the length
of an Interest Period pursuant to this Agreement as of such date and not including, for the avoidance of doubt, any tenor for such Benchmark
that is then-removed from the definition of “Interest Period” pursuant to Section 3.3(e).

 

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

 

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

 

“Bank Product
Agreements” means those certain agreements entered into from time to time between any Loan Party and a Bank Product Provider
in connection with any of the Bank Products, including without limitation, Hedge Agreements.

 

“Bank Product
Obligations” means all obligations, liabilities, contingent reimbursement obligations, fees, and expenses owing by any
Loan Party or any of its Subsidiaries to any Bank Product Provider pursuant to or evidenced by the Bank Product Agreements and irrespective
of whether for the payment of money, whether direct or indirect, absolute or contingent, due or to become due, now existing or hereafter
arising, and including all such amounts that any Loan Party or such Subsidiary is obligated to reimburse to any Bank Product Provider
as a result of such Bank Product Provider purchasing participations or executing indemnities or reimbursement obligations with respect
to the Bank Products provided to any Loan Party or such Subsidiaries pursuant to the Bank Product Agreements. For the avoidance of doubt,
the Bank Product Obligations arising under any Hedge Agreement shall be determined by the Hedge Termination Value thereof.

 

    CREDIT AGREEMENT – Page 5

     

    

 

“Bank Product
Provider” means any Lender or Affiliate of a Lender (or any Person that was a Lender or an Affiliate of a Lender at the
time the relevant Hedge Agreement was entered into) that provides Bank Products to the Loan Parties from time to time.

 

“Bank Products”
means any service provided to, facility extended to, or transaction entered into with, any Loan Party by any Bank Product Provider consisting
of (a) deposit accounts, (b) cash management services, including treasury, depository, return items, overdraft, controlled
disbursement, merchant store value cards, e-payables services, electronic funds transfer, interstate depository network, automatic clearing
house transfer (including the Automated Clearing House processing of electronic funds transfers through the direct Federal Reserve Fedline
system) and other cash management arrangements maintained with any Bank Product Provider, (c) debit cards, stored value cards, and
credit cards (including commercial credit cards (including so-called “procurement cards” or “P-cards”))
and debit card and credit card processing services or (d) Hedge Agreements.

 

“Base Rate”
means, for any day, a rate of interest per annum equal to the highest of (a) the Prime Rate for such day; (b) the sum of the
Federal Funds Rate for such day plus one half of one percent (0.5%); and (c) the Adjusted Eurodollar Rate for such day plus
one percent (1.00%). Notwithstanding the foregoing, in no event shall the Base Rate be less than 1.00%.

 

“Base Rate Borrowing”
means, as to any Borrowing, the Base Rate Loans comprising such Borrowing.

 

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

 

“Benchmark”
means, initially, USD LIBOR; provided that if a Benchmark Transition Event or an Early
Opt-in Election, as applicable, and its related Benchmark Replacement Date have occurred with respect to USD LIBOR or the then-current
Benchmark, then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has
replaced such prior benchmark rate pursuant to Section 3.3(b).

 

“Benchmark Replacement”
means, for any Available Tenor, the first alternative set forth in the order below that can be determined by Administrative Agent for
the applicable Benchmark Replacement Date:

 

(a)              
the BSBY Rate;

 

(b)              
the sum of: (i) Term SOFR and (ii) the related Benchmark Replacement Adjustment;

 

(c)              
the sum of: (i) Daily Simple SOFR and (ii) the related Benchmark Replacement Adjustment;

 

    CREDIT AGREEMENT – Page 6

     

    

 

(d)              
 the sum of: (i) the alternate benchmark rate that has been selected by the Administrative Agent and the Borrower Representative
as the replacement for the then-current Benchmark for the applicable Corresponding Tenor giving due consideration to (A) any selection
or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body or (B)
any evolving or then-prevailing market convention for determining a benchmark rate as a replacement for the then-current Benchmark for
U.S. dollar-denominated syndicated credit facilities at such time and (ii) the related Benchmark Replacement Adjustment;

 

provided that, (x) in the case of clause
(a), no BSBY Transition Event shall have occurred and the BSBY Rate is available and readily determinable as determined by the Administrative
Agent in its sole discretion and (y) in the case of clause (b), such Unadjusted Benchmark Replacement is displayed on a screen or other
information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion.
If the Benchmark Replacement as determined pursuant to clause (a), (b), (c) or (d) above would be less than the Floor, the Benchmark
Replacement will be deemed to be the Floor for the purposes of this Agreement and the other Loan Documents.

 

“Benchmark Replacement
Adjustment” means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement
for any applicable Interest Period and Available Tenor for any setting of such Unadjusted Benchmark Replacement:

 

(a)        for
purposes of clauses (a) and (b) of the definition of “Benchmark Replacement,” the first alternative
set forth in the order below that can be determined by the Administrative Agent:

 

(i)       the
spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero)
as of the Reference Time such Benchmark Replacement is first set for such Interest Period that has been selected or recommended by the
Relevant Governmental Body for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for the applicable
Corresponding Tenor;

 

(ii)       the
spread adjustment (which may be a positive or negative value or zero) as of the Reference Time such Benchmark Replacement is first set
for such Interest Period that would apply to the fallback rate for a derivative transaction referencing the ISDA Definitions to be effective
upon an index cessation event with respect to such Benchmark for the applicable Corresponding Tenor; and

 

(b)        for
purposes of clause (c) of the definition of “Benchmark Replacement,” the spread adjustment, or method for calculating
or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Administrative
Agent and the Borrower Representative for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation
of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the
applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body on the applicable Benchmark Replacement Date or (ii) any
evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread
adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for U.S. dollar-denominated syndicated
credit facilities;

 

provided that, in the case of clause (a) above, such adjustment is displayed on a screen or other
information service that publishes such Benchmark Replacement Adjustment from time to time as selected by the Administrative Agent in
its reasonable discretion.

 

    CREDIT AGREEMENT – Page 7

     

    

 

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

 

“Benchmark Replacement
Date” means the earliest to occur of the following events with respect to the then-current Benchmark:

 

(a)        in
the case of clauses (a) or (b) of the definition of “Benchmark Transition Event”, the later of (i) the date of the public
statement or publication of information referenced therein and (ii) the date on which the administrator of such Benchmark (or the published
component used in the calculation thereof) permanently or indefinitely ceases to provide all Available Tenors of such Benchmark (or such
component thereof);

 

(b)        in
the case of clause (c) of the definition of “Benchmark Transition Event,” the date of the public statement or publication
of information referenced therein; or

 

(c)        in
the case of an Early Opt-in Election, the sixth (6th) Business Day after the date notice of such Early Opt-in Election is provided to
the Lenders, so long as the Administrative Agent has not received, by 5:00 p.m. on the fifth (5th) Business Day after the date notice
of such Early Opt-in Election is provided to the Lenders, written notice of objection to such Early Opt-in Election from Lenders comprising
the Required Lenders;

 

provided that if the then-current Benchmark
is BSBY, “Benchmark Replacement Date” shall mean the BSBY Replacement Date.

 

For the avoidance of doubt,
(i) if the event giving rise to the Benchmark Replacement Date occurs on the same day as, but earlier than, the Reference Time in respect
of any determination, the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such determination
and (ii) the “Benchmark Replacement Date” will be deemed to have occurred in the case of clauses (a) or (b) with respect
to any Benchmark upon the occurrence of the applicable event or events set forth therein with respect to all then-current Available Tenors
of such Benchmark (or the published component used in the calculation thereof).

 

    CREDIT AGREEMENT – Page 8

     

    

 

“Benchmark Transition
Event” means the occurrence of one or more of the following events with respect to the then-current Benchmark:

 

(a)              
a public statement or publication of information by or on behalf of the administrator of such Benchmark (or the published component
used in the calculation thereof) announcing that such administrator has ceased or will cease to provide all Available Tenors of such
Benchmark (or such component thereof), permanently or indefinitely, provided that, at the time of such statement or publication,
there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof);

 

(b)              
a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the
published component used in the calculation thereof), the Board of Governors, the Federal Reserve Bank of New York, an insolvency official
with jurisdiction over the administrator for such Benchmark (or such component), a resolution authority with jurisdiction over the administrator
for such Benchmark (or such component) or a court or an entity with similar insolvency or resolution authority over the administrator
for such Benchmark (or such component), which states that the administrator of such Benchmark (or such component) has ceased or will
cease to provide all Available Tenors of such Benchmark (or such component thereof) permanently or indefinitely, provided that,
at the time of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of
such Benchmark (or such component thereof);

 

(c)              
a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the
published component used in the calculation thereof) announcing that all Available Tenors of such Benchmark (or such component thereof)
are no longer representative; or

 

(d)              
if the then current Benchmark is BSBY, the occurrence of a BSBY Transition Event.

 

For the avoidance of doubt, a “Benchmark
Transition Event” will be deemed to have occurred with respect to any Benchmark if a public statement or publication of information
set forth above has occurred with respect to each then-current Available Tenor of such Benchmark (or the published component used in
the calculation thereof).

 

“Benchmark Unavailability
Period” means the period (if any) (a) beginning at the time that a Benchmark Replacement Date pursuant to clauses
(a) or (b) of the definition thereof has occurred if, at such time, no Benchmark Replacement has replaced the then-current
Benchmark for all purposes hereunder and under any Loan Document in accordance with Section 3.3 and (b) ending at the time
that a Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance
with Section 3.3.

 

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

 

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

 

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

 

    CREDIT AGREEMENT – Page 9

     

    

 

“BIA”
means the Bankruptcy and Insolvency Act (Canada), as amended from time to time, and any successor statute, together with the regulations
promulgated thereunder.

 

“Blocked Accounts”
has the meaning set forth in Section 2.11.

 

“Board of Governors”
means the Board of Governors of the Federal Reserve System of the U.S.

 

“Borrower”
or “Borrowers” has the meaning set forth in the introductory paragraph hereto.

 

“Borrower Materials”
has the meaning set forth in Section 11.11(e).

 

“Borrower Representative”
has the meaning set forth in Section 2.13(a).

 

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

 

“Borrowing Base”
means, as of any date, an amount equal to the sum of, without duplication:

 

(a)        eighty-five
percent (85%) of the Borrowers’ Eligible Accounts, plus 

 

(b)        fifty
percent (50%) of the Borrowers’ Eligible Inventory, valued at the lower of cost or market value, determined on a weighted average
cost basis; provided, that the maximum amount of Eligible Inventory of the Borrowers that may be included in the Borrowing Base pursuant
to this clause (b) after giving effect to the advance rate set forth herein shall not exceed $3,000,000, plus

 

(c)        the
lesser of (i) the product of eighty percent (80%) of the Net Orderly Liquidation Value of the Borrowers’ Eligible Generator Units
as determined pursuant to the most recent generator appraisal ordered, received and relied upon by Administrative Agent pursuant to Section
6.6(c) and (ii) ninety-five percent (95%) of the net book value of the Borrowers’ Eligible Generator Units; provided that (A)
the value of Eligible Generator Units included in the Borrowing Base pursuant to clause (c)(i) after giving effect to the advance rate
set forth herein shall be reduced, on the first day of each calendar month following the Closing Date, based on a 7-year straight line
amortization schedule until Administrative Agent receives a new appraisal at which time the Net Orderly Liquidation Value will reset,
and (B) the value of Eligible Generator Units included in the Borrowing Base pursuant to this clause (c) after giving effect to the advance
rate set forth herein shall be reduced, on the date any item of Eligible Generator Units ceases to be Eligible Generator Units for any
reason (including as a result of any sale, transfer or other disposition thereof or any casualty or condemnation event with respect thereto),
by the amount then included in the Borrowing Base with respect to such item of Eligible Generator Units, plus

 

    CREDIT AGREEMENT – Page 10

     

    

 

(d)        the
lesser of (i) the product of eighty percent (80%) of the Net Orderly Liquidation Value of the Borrowers’ Eligible Field Units as
determined pursuant to the most recent field unit appraisal ordered, received and relied upon by Administrative Agent pursuant to Section
6.6(c) and (ii) ninety-five percent (95%) of the net book value of the Borrowers’ Eligible Field Units; provided that (A) the
value of Eligible Field Units included in the Borrowing Base pursuant to clause (d)(i) after giving effect to the advance rate set forth
herein shall be reduced, on the first day of each calendar month following the First Amendment Effective Date, based on a 5-year straight
line amortization schedule until Administrative Agent receives a new appraisal at which time the Net Orderly Liquidation Value will reset,
and (B) the value of Eligible Field Units included in the Borrowing Base pursuant to this clause (d) after giving effect to the advance
rate set forth herein shall be reduced, on the date any item of Eligible Field Units ceases to be Eligible Field Units for any reason
(including as a result of any sale, transfer or other disposition thereof or any casualty or condemnation event with respect thereto),
by the amount then included in the Borrowing Base with respect to such item of Eligible Field Units, plus

 

(e)        eighty
percent (80%) of the Net Invoice Cost of the Borrowers’ Eligible New Generator Units, minus

 

(f)         an
amount equal to all Canadian Priority Payables, minus

 

(g)        without
duplication of any amounts deducted pursuant to clause (f) above, any Availability Reserves established by Administrative Agent in its
Permitted Discretion.

 

“Borrowing Base
Report” means, as of any date of preparation, a certificate substantially the form of Exhibit B (including,
without limitation, a Canadian Priority Payables report in substantially the form attached thereto), or in any other form agreed to in
writing by Borrowers and Administrative Agent, prepared by and certified by a Responsible Officer of the Borrower Representative.

 

“Borrowing Request”
means a writing, substantially in the form of Exhibit D, properly completed and signed by the Borrower Representative,
requesting a Revolving Credit Borrowing.

 

“BSBY”
means the Bloomberg Short-Term Bank Yield Index rate.

 

“BSBY Rate”
means:

 

(a)              
 for any Interest Period with respect to a BSBY Rate Loan, the rate per annum equal to the BSBY Screen Rate two Business Days
prior to the commencement of such Interest Period with a term equivalent to such Interest Period; provided that if the rate is not published
on such determination date then BSBY Rate means the BSBY Screen Rate on the first Business Day immediately prior thereto; and

 

(b)              
for any interest calculation with respect to a Base Rate Loan on any date, the rate per annum equal to the BSBY Screen Rate with
a term of one month commencing that day;

 

provided that if the BSBY Rate
determined in accordance with the foregoing provisions of this definition would otherwise be less than 0%, the BSBY Rate shall be deemed
to be 0% for purposes of this Agreement.

 

“BSBY Replacement
Date” has the meaning set forth in Section 3.3(b)(vii).

 

    CREDIT AGREEMENT – Page 11

     

    

 

“BSBY Screen
Rate” means the Bloomberg Short-Term Bank Yield Index rate administered by Bloomberg and published on the applicable Reuters
screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from
time to time).

 

“BSBY Transition
Event” means the occurrence of any of the events described in Section 3.3(b)(vii)(A) or (B).

 

“Business Day”
means (a) for all purposes, a weekday, Monday through Friday, except a legal holiday or a day on which banking institutions in Dallas,
Texas are authorized or required by Law to be closed, and (b) for purposes of the calculation of the Eurodollar Rate, a day that
satisfies the requirements of clause (a) and that is a day on which commercial banks in the City of London, England
are open for business and dealing in offshore Dollars. Unless otherwise provided, the term “days” when used herein means
calendar days.

 

“Canada”
means, collectively, Canada and each province and territory thereof.

 

“Canadian AML
Legislation” means the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada) and other applicable anti-money
laundering, anti-terrorist financing, government sanction and “know your client” laws within Canada (including any guidelines
or orders thereunder).

 

“Canadian Borrower”
has the meaning set forth in the introductory paragraph hereto.

 

“Canadian Defined
Benefit Plan” means a “registered pension plan”, as that term is defined in subsection 248(1) of the ITA, which
is or was sponsored, administered or contributed to, or required to be contributed to by, any Loan Party or under which any Loan Party
has any actual or potential liability, and which contains a “defined benefit provision”, as defined in subsection 147.1(1)
of the ITA.

 

“Canadian Pension
Plan” means any pension plan to which a Loan Party contributes (or to which there is or may be an obligation to contribute
by a Loan Party) or has made contributions on behalf of its employees and which is required to be registered under Canadian provincial
or federal pension benefits standards legislation.

 

“Canadian Priority
Payables” means, with respect to Canadian Borrower, any amount payable by Canadian Borrower which is secured by a Lien
which ranks, or is capable of ranking, prior to or pari passu with the Liens created by the Security Documents in respect of any
Eligible Accounts or Eligible Inventory, including amounts owing for wages, vacation pay, severance pay (to the extent capable of ranking
prior to the Liens under the Security Documents under applicable Law), employee deductions, sales tax, excise tax, Tax payable pursuant
to the ETA (net of GST input credits), income tax, workers compensation, government royalties, pension fund obligations, Canadian Pension
Plan obligations (including in respect of unpaid or unremitted Canadian Pension Plan contributions, amounts representing any unfunded
liability, solvency deficiency or wind-up deficiency whether or not due with respect to a Canadian Pension Plan (including “normal
cost”, “special payments” and any other payments in respect of any funding deficiency or shortfall)), real property
tax and other statutory or other claims that have or may have priority over, or rank pari passu with, such Liens created by the
Security Documents.

 

    CREDIT AGREEMENT – Page 12

     

    

 

“Canadian Security
Agreement” means that certain Canadian Pledge and Security Agreement (including any and all supplements thereto), dated
as of the Third Amendment Effective Date, among Canadian Borrower and Administrative Agent, for the benefit of Administrative Agent and
the other Secured Parties, as the same may be amended, restated, supplemented or otherwise modified from time to time.

 

“Capital Expenditure”
means, with respect to any Person, any expenditure by such Person for (a) an asset which will be used in a year or years subsequent
to the year in which the expenditure is made and which asset is properly classified in relevant financial statements of such Person as
equipment, real Property, a fixed asset or a similar type of capitalized asset in accordance with GAAP or (b) an asset relating
to or acquired in connection with an acquired business, and any and all acquisition costs related to clause (a) or
(b) above.

 

“Capitalized
Lease Obligation” means, with respect to any Person, the amount of Debt under a lease of Property by such Person that would
be shown as a liability on a balance sheet of such Person prepared for financial reporting purposes in accordance with GAAP.

 

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

 

“Cash Interest
Expense” means, for any Person for any period, total interest expense in respect of all outstanding Debt actually paid
or that is payable by such Person during such period, including, without limitation, all commissions, discounts, and other fees and charges
with respect to letters of credit and all net costs under Hedge Agreements in respect of interest rates to the extent such costs are
allocable to such period, but excluding interest expense not payable in cash, all as determined in accordance with GAAP.

 

“CFC” means
a “controlled foreign corporation” as defined in Section 957 of the Code.

 

“Change in Law”
means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or taking effect of any Law, rule,
regulation or treaty, (b) any change in any Law, rule, regulation or treaty or in the administration, interpretation, implementation
or application thereof by any Governmental Authority or (c) the making or issuance of any request, rule, guideline or directive
(whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary,
(i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or
issued in connection therewith and (ii) 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 U.S., Canadian 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, implemented, adopted or issued.

 

    CREDIT AGREEMENT – Page 13

     

    

 

 

“Change of Control”
means an event or series of events by which (a) the Permitted Holders shall cease for any reason (i) to have record and beneficial ownership
(directly or indirectly) of more than 50% of the outstanding voting Equity Interests of Parent on a fully diluted basis or (ii) to Control
Parent; (b) the Permitted Holders shall cease to have the ability to elect (either through share ownership or contractual voting rights)
a majority of the board of directors or equivalent governing body of Parent; (c) Parent shall cease to own, free and clear of all Liens
or other encumbrances (other than Permitted Liens), directly or indirectly, at least 100% of the outstanding direct or indirect Equity
Interests of Company on a fully diluted basis; (d) Company shall cease to own, free and clear of all Liens or other encumbrances (other
than Permitted Liens), directly or indirectly, at least 100% of the outstanding direct or indirect Equity Interests of any other Loan
Party on a fully diluted basis; or (e) a “change of control”, “fundamental change” or any comparable term under
the Parent Loan Documents shall have occurred.

 

“Closing Date”
means the first date all the conditions precedent in Section 4.1 are satisfied or waived in accordance with Section 11.10.

 

“Code”
means the Internal Revenue Code of 1986, as amended from time to time, and any successor statute, together with the regulations promulgated
thereunder.

 

“Collateral”
means substantially all of the Property of the Loan Parties and their Subsidiaries as described in the Security Documents, including 100%
of the Equity Interests in Company and any other Loan Party, together with any other Property and collateral described in the Security
Documents, including, among other things, any Property which may now or hereafter secure the Obligations or any part thereof (but which
in no event will include any Excluded Asset).

 

“Collateral Access
Agreement” means a landlord waiver, mortgagee waiver, bailee letter or similar acknowledgment of any lessor, warehouseman,
processor or other Person in possession of any Collateral or on whose Property any Collateral is located, in form and substance reasonably
satisfactory to Administrative Agent.

 

“Commitment”
means, as to each Lender, its obligation to (a) make Revolving Credit Loans to Borrowers pursuant to Section 2.1(a), (b)
purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any
one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.1 under the caption
 “Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto,
as applicable, as such amount may be (a) terminated or reduced from time to time in accordance with Section 2.9(a), (b)
increased from time to time in accordance with Section 2.10 or (c) otherwise adjusted from time to time in accordance with
this Agreement.

 

“Commitment Fee
Rate” means, with respect to the commitment fees payable hereunder, the applicable percentages per annum set forth below
under the caption “Commitment Fee Rate” as determined based on the daily average unused amount of the Commitments during any
fiscal month in accordance with Section 2.4(c);

 

    CREDIT AGREEMENT – Page 14

     

    

 

 

	Pricing 

Level	
     

     

    Daily Average Unused Amount
	Commitment Fee Rate
	1	≤  50% of the Commitments	0.225%
	2	> 50% of the Commitments	0.475%

  

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

 

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

 

“Communications”
means, collectively, any notice, demand, communication, information, document or other material provided by or on behalf of the Loan Parties
pursuant to any Loan Document or the transactions contemplated therein which is distributed to Administrative Agent, any Lender, L/C Issuer
or Swing Line Lender by means of electronic communications pursuant to Section 11.11(d), including through the
Platform.

 

“Company”
has the meaning set forth in the introductory paragraph hereto.

 

“Compliance Certificate”
means a certificate, substantially in the form of Exhibit C, or in any other form agreed to by Company and Administrative
Agent, prepared by and certified by a Responsible Officer of Company.

 

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

 

“Constituent Documents”
means (a) in the case of a corporation, its articles or certificate of incorporation and bylaws; (b) in the case of a general
partnership, its partnership agreement; (c) in the case of a limited partnership, its certificate of limited partnership or certificate
of formation, as applicable, and partnership agreement; (d) in the case of a trust, its trust agreement; (e) in the case of
a joint venture, its joint venture agreement; (f) in the case of a limited liability company, its articles of organization, operating
agreement, regulations and/or other organizational and governance documents and agreements; and (g) in the case of any other entity,
its organizational and governance documents and agreements.

 

“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 correlative meanings thereto.

 

“Control Agreements”
means, collectively, the Commodity Account Control Agreements, the Deposit Account Control Agreements and the Securities Account Control
Agreements, in each case, as the same may be amended, restated, supplemented or otherwise modified from time to time.

 

    CREDIT AGREEMENT – Page 15

     

    

 

“Corresponding
Tenor” means, with respect to any Available Tenor, as applicable, either a tenor (including overnight) or an interest payment
period having approximately the same length (disregarding business day adjustment) as such Available Tenor.

 

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

 

“Covered Party”
has the meaning set forth in Section 11.32.

 

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

 

“Cure Amount”
has the meaning set forth in Section 9.3.

 

“Cure Right”
has the meaning set forth in Section 9.3.

 

“Currency Date”
has the meaning set forth in Section 11.2(b).

 

“Daily Simple
SOFR” means, for any day, SOFR, with the conventions for this rate (which will include a lookback) being established by
the Administrative Agent in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body for
determining “Daily Simple SOFR” for syndicated business loans; provided, that if the Administrative Agent decides that any
such convention is not administratively feasible for the Administrative Agent, then the Administrative Agent may establish another convention
in its reasonable discretion.

 

“Debt”
means, of any Person as of any date of determination (without duplication): (a) all obligations of such Person for borrowed money;
(b) all obligations of such Person evidenced by bonds, notes, debentures, or other similar instruments; (c) all obligations
of such Person to pay the deferred purchase price of Property or services, except trade accounts payable of such Person arising in the
ordinary course of business that are not past due by more than ninety (90) days; (d) all Capitalized Lease Obligations of such Person;
(e) all Debt or other obligations of others Guaranteed by such Person; (f) all obligations secured by a Lien existing on Property
owned by such Person, whether or not the obligations secured thereby have been assumed by such Person or are non-recourse to the credit
of such Person; (g) any other obligation for borrowed money or other financial accommodations which in accordance with GAAP would
be shown as a liability on the balance sheet of such Person; (h) any repurchase obligation or liability of a Person with respect
to Accounts, chattel paper or notes receivable sold by such Person; (i) any liability under a sale and leaseback transaction that
is not a Capitalized Lease Obligation; (j) any obligation under any so called “synthetic leases;” (k) any obligation
arising with respect to any other transaction that is the functional equivalent of borrowing but which does not constitute a liability
on the balance sheets of a Person; (l) all payment and reimbursement obligations of such Person (whether contingent or otherwise)
in respect of letters of credit, bankers’ acceptances, surety or other bonds and similar instruments; (m) all liabilities of
such Person in respect of unfunded vested benefits under any Plan; (n) all Hedge Obligations of such Person, valued at the Hedge
Termination Value thereof; and (o) all obligations of such Person in respect of Disqualified Equity Interests.

 

    CREDIT AGREEMENT – Page 16

     

    

 

For all purposes, the Debt
of any Person shall include the Debt 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 Debt is expressly made non-recourse to such
Person.

 

“Debtor Relief
Laws” means Title 11 of the United States Code, the BIA, the Companies’ Creditors Arrangement Act (Canada), and
the Winding-Up and Restructuring Act (Canada), in each case, as now or hereafter in effect, or any other applicable Law, domestic or foreign,
as now or hereafter in effect, relating to bankruptcy, insolvency, liquidation, receivership, reorganization, assignment for the benefit
of creditors, moratorium, arrangement or composition, extension or adjustment of debts, or similar Laws affecting the rights of creditors
(including any applicable corporations legislation to the extent the relief sought under such corporations legislation relates to or involves
the compromise, settlement, adjustment or arrangement of debt).

 

“Default”
means an Event of Default or the occurrence of an event or condition which with notice or lapse of time or both would become an Event
of Default.

 

“Default Interest
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 Margin, if any, applicable to a Base Rate Loan plus (iii) two percent (2%)
per annum; provided, however, that with respect to a Eurodollar Rate Loan, the Default Interest Rate shall be an interest rate
equal to the interest rate (including any Applicable Margin) otherwise applicable to such Loan plus two percent (2%) per annum,
and (b) when used with respect to Letter of Credit Fees, a rate equal to the Applicable Margin plus two percent (2%) per annum;
provided, however, in no event shall the Default Interest Rate exceed the Maximum Rate.

 

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

 

“Defaulting
Lender” means, subject to Section 11.22(b), any Lender that (a) has failed to (i) fund
all or any portion of its Loans within two (2) Business Days of the date such Loans were required to be funded hereunder, or
(ii) pay to Administrative Agent, the L/C Issuer, the Swing Line Lender or any other Lender any other amount required to be
paid by it hereunder (including in respect of its participation in Letters of Credit or Swing Line Loans) within two (2) Business
Days of the date when due, (b) has notified the Borrower Representative, Administrative Agent, L/C Issuer or Swing Line Lender
in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect,
(c) has failed, within three (3) Business Days after written request by Administrative Agent or the Borrower Representative, to
confirm in writing to Administrative Agent and the Borrower Representative 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 Administrative Agent and the Borrower Representative), 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, monitor, 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 Administrative Agent
that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above shall
be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 11.22(b))
upon delivery of written notice of such determination to the Borrower Representative and each Lender.

 

    CREDIT AGREEMENT – Page 17

     

    

 

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

 

“Disposition”
means any sale, lease, sub-lease, license, transfer, assignment, conveyance, release, loss or other disposition, or entry into any contract
the performance of which would result in any of the foregoing, of any interest in Property, or of any interest in a Subsidiary that owns
Property, in any transaction or event or series of transactions or events, and “Dispose” has the correlative
meaning thereto.

 

“Disqualified
Equity Interest” means any Equity Interest that, by its terms (or the terms of any security or other Equity Interests into
which it is convertible or for which it is exchangeable), or upon the happening of any event or condition (a) matures or is mandatorily
redeemable (other than solely for Equity Interests that are not Disqualified Equity Interests), pursuant to a sinking fund obligation
or otherwise (except as a result of a change of control or asset sale so long as any rights of the holders thereof upon the occurrence
of a change of control or asset sale event shall be subject to the prior repayment in full of the Loans and all other Obligations that
are accrued and payable and the termination of the Commitments), (b) is redeemable at the option of the holder thereof, in whole or in
part, (c) provides for scheduled payments of dividends in cash, or (d) is or becomes convertible into or exchangeable for Debt or any
other Equity Interests that would constitute Disqualified Equity Interests, in each case, prior to the date that is ninety-one days after
the Maturity Date; provided that if such Equity Interests are issued pursuant to a plan for the benefit of employees of any Loan
Party or any of its Subsidiaries or by any such plan to such employees, such Equity Interests shall not constitute Disqualified Equity
Interests solely because they may be required to be repurchased by any Loan Party or its Subsidiaries in order to satisfy applicable statutory
or regulatory obligations or as a result of such employee’s termination, death or disability.

 

“Dollars”
and “$” mean lawful money of the U.S.

 

“Domestic Subsidiary”
means any Subsidiary that is organized under the Laws of any political subdivision of the U.S.

 

“Early Opt-in
Election” means, if the then-current Benchmark is USD LIBOR, the occurrence of:

 

    CREDIT AGREEMENT – Page 18

     

    

 

(a)              
 a notification by the Administrative Agent to (or the request by the Borrower Representative to the Administrative Agent to notify)
each of the other parties hereto that at least five currently outstanding U.S. dollar-denominated syndicated credit facilities at such
time contain (as a result of amendment or as originally executed) a BSBY-based rate (or, alternatively, a SOFR-based rate, including SOFR,
a term SOFR or any other rate based upon SOFR) as a benchmark rate (and such syndicated credit facilities are identified in such notice
and are publicly available for review), and

 

(b)              
the joint election by the Administrative Agent and the Borrower Representative to trigger a fallback from USD LIBOR and the provision
by the Administrative Agent of written notice of such election to the Lenders.

 

“EBITDA”
means, for any Person for any period, an amount equal to: (a) Net Income plus (b) the sum (in each case, without duplication)
of the following to the extent deducted in the calculation of Net Income: (i) interest expense; (ii)  Taxes based on income
or profits; (iii) depreciation; (iv) amortization; (v)  losses that are unusual and infrequently occurring determined in
accordance with GAAP; (vi) other non-recurring expenses reducing such Net Income which do not represent a cash item in such period
or any future period; (vii) any amendment, waiver or consent fees (but excluding, for the avoidance of doubt, any upfront, structuring,
commitment, arrangement or underwriting fees) paid by the Loan Parties to the Administrative Agent and/or the Lenders in connection with
any amendment, waiver, or consent entered into in connection with this Agreement, and (viii) the amount of any Specified EBITDA Equity
Contribution that is deemed to be EBITDA for any fiscal quarter included in the trailing four fiscal quarter period pursuant to Section
9.3; minus (c) the sum (in each case, without duplication) of the following to the extent included in the calculation
of Net Income: (i) income tax credits; (ii) gains that are unusual and infrequently occurring determined in accordance with
GAAP; and (iii) all non-recurring, non-cash items increasing Net Income.

 

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

 

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

 

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

 

“Electronic Record”
has the meaning assigned to that term in, and shall be interpreted in accordance with, 15 U.S.C. 7006.

 

“Electronic Signature”
has the meaning assigned to that term in, and shall be interpreted in accordance with, 15 U.S.C. 7006.

 

    CREDIT AGREEMENT – Page 19

     

    

“Eligible Accounts”
means, as of any applicable period of determination thereof, all Accounts of Borrowers (net of service charges, interest and finance fees)
created in the ordinary course of business that Administrative Agent determines are eligible as the basis for the extension of the Credit
Extensions. Without limiting the foregoing, no Account shall be an Eligible Account if:

 

(a)              
it does not comply in all material respects with all applicable Laws, rules, and regulations, including, without limitation, usury
Laws, the Federal Truth in Lending Act, and Regulation Z of the Board of Governors of the Federal Reserve System;

 

(b)              
it has been outstanding for more than ninety (90) days past the original date of invoice or sixty (60) days after the original
date payment is due;

 

(c)              
(i) the goods giving rise to it have not been delivered to the account debtor and do not constitute a final sale or (ii) the services
giving rise to it have not been performed for the account debtor;

 

(d)              
it represents a progress billing or retainage, or relates to services for which a performance, surety or completion bond or similar
assurance has been issued;

 

(e)              
it arises from a sale to an Affiliate, from a sale on a cash-on-delivery, bill-and-hold, sale-or-return, sale-on-approval,
consignment, or other repurchase or return basis, or from a sale for personal, family or household purposes;

 

(f)               
it is not subject to a duly perfected, first priority Lien in favor of Administrative Agent;

 

(g)              
it is subject to any Lien other than (i) a Lien in favor of Administrative Agent, or (ii) a Permitted Lien which does not have
priority over the Lien in favor of Administrative Agent;

 

(h)              
it arises out of a contract with or order from, an account debtor that, by its terms, prohibits or makes void or unenforceable
the grant of a security interest by the applicable Borrower to Administrative Agent in and to such Account;

 

(i)                
it does not conform with a covenant or representation herein or in the other Loan Documents;

 

(j)                
it is owing by a creditor or supplier of any Loan Party or any Subsidiary thereof, or is otherwise subject to a potential offset,
counterclaim, dispute, deduction, discount, recoupment, reserve, defense, chargeback, credit or allowance that has been asserted in writing;

 

(k)              
the account debtor is insolvent or the subject of any bankruptcy or insolvency proceeding, or has made an assignment for the benefit
of creditors, suspended normal business operations, dissolved, liquidated, terminated its existence, ceased to pay its debts as they become
due, or suffered a receiver or trustee to be appointed for any of its assets or affairs;

 

    CREDIT AGREEMENT – Page 20

     

    

(l)                
 it is evidenced by chattel paper or an instrument;

 

(m)              
a default exists under the Account by any party thereto;

 

(n)              
it is owed by an Affiliate, employee, officer, director or shareholder of Parent, any Loan Party or any of their Subsidiaries;

 

(o)              
it is owed in currency other than Dollars by the account debtor;

 

(p)              
the account debtor is organized or has its principal offices or assets outside the United States or Canada;

 

(q)              
the Account is owed by an individual or a Sanctioned Person;

 

(r)               
if more than twenty-five percent (25%) of the aggregate balances then outstanding on all Accounts owed by such account debtor and
its Affiliates are unpaid for more than (i) sixty (60) days after the original date payment is due or (ii) ninety (90) days past the dates
of their original invoices;

 

(s)               
it is owing by a Governmental Authority, unless the account debtor is (i) the U.S. or any department, agency, or instrumentality
thereof and the Account has been assigned to Administrative Agent in compliance with the Federal Assignment of Claims Act of 1940; or
(ii) the government of Canada (or any political subdivision thereof), or any department, agency, Crown corporation or instrumentality
thereof and (A) the Financial Administration Act (Canada), as amended, or any comparable requirements under any other Canadian federal,
provincial, territorial or municipal law regarding the assignment of Crown debts, has been duly complied with and any other steps necessary
to perfect the Lien of the Administrative Agent in such Account have been completed and (B) all consents, licenses, approvals or authorizations
of, or registrations or declarations with, any Governmental Authority required to be obtained, effected or given in connection with the
execution, delivery and performance of such Account by each party obligated thereunder, or in connection with the enforcement and collection
thereof by the Administrative Agent, have been duly obtained, effected or given and are in full force and effect;

 

(t)                
it includes a billing for interest, fees or late charges;

 

(u)               
when aggregated with all other Accounts owed, without duplication, (i) by an Investment Grade Account Debtor and its Affiliates
to which such Account relates exceeds thirty-five percent (35%) of all Eligible Accounts owed by all of Borrowers’ account debtors;
(ii) by a Non-Investment Grade Account Debtor and its Affiliates to which such Account relates exceeds twenty-five percent (25%) of all
Eligible Accounts owed by all of Borrowers’ account debtors or (iii) solely for purposes of calculating the Borrowing Base in any
period on or prior to December 31, 2019, by QEP Resources, Inc. and its Affiliates to which such Account relates exceeds thirty-five percent
(35%) of all Eligible Accounts owed by all of Borrowers’ account debtors; provided, however, that, in each case under the
foregoing clauses (i) through (iii), if such aggregate exceeds such percentage of all Eligible Accounts, only such excess shall be ineligible;
and

 

    CREDIT AGREEMENT – Page 21

     

    

 

(v)              
 Administrative Agent otherwise reasonably determines it be ineligible.

 

The amount of the Eligible
Accounts owed by an account debtor to any Borrower shall be reduced by the amount of all “contra accounts” and other obligations
owed, whether by such Borrower or any other Loan Party or Subsidiary, to such account debtor. Administrative Agent shall have the right
to create and adjust eligibility standards and related services from time to time in its reasonable discretion.

 

“Eligible Assignee”
means any Person that meets the requirements to be an assignee under Section 11.8(b)(iii), (v) and (vi)
(subject to such consents, if any, as may be required under Section 11.8(b)(iii)).

 

“Eligible Field
Units” means the Eligible Inventory owned by the Borrowers consisting of Field Units.

 

“Eligible Generator
Units” means the Eligible Inventory owned by the Borrowers consisting of Generator Units.

 

“Eligible Inventory”
means, as of any applicable period of determination thereof, all Inventory of Borrowers that Administrative Agent determines is eligible
as the basis for the extension of the Credit Extensions. Without limiting the foregoing, no Inventory shall be Eligible Inventory if:

 

(a)              
it is not subject to a duly perfected, first priority Lien in favor of Administrative Agent (including, in the case of Inventory
of Canadian Borrower, perfected by registration in the jurisdiction in which such Inventory is located);

 

(b)              
it is subject to any Lien other than (i) a Lien in favor of Administrative Agent or (ii) a Permitted Lien which does not have priority
over the Lien in favor of Administrative Agent;

 

(c)               
it is consigned to or from third parties;

 

(d)              
it is slow-moving, obsolete, unserviceable, perishable or spoiled, unless such Inventory can be (i) used or repurposed to create
new Inventory of the Borrowers or (ii) sold to another customer of a Borrower;

 

(e)               
it is accounted for on the books of a Borrower as burden or overhead;

 

(f)               
comprised of packaging and shipping supplies, materials, boxes or containers (in each case, other than such packaging and shipping
supplies, materials, boxes or containers that constitute actual Inventory of the Borrowers);

 

(g)              
it is used, damaged or defective, unless such Inventory can be (i) used or repurposed to create new Inventory of the Borrowers
or (ii) sold to another customer of a Borrower;

 

    CREDIT AGREEMENT – Page 22

     

    

 

(h)              
 it is located on premises not owned by the Borrowers (other than a customer site or location), unless either: (i) Administrative
Agent shall have received a Collateral Access Agreement with respect thereto, executed by the mortgagee, lessor, contract warehouseman,
bailor or such other Person, as the case may be, and segregated or otherwise separately identifiable from goods of others, if any, stored
on the premises and such Collateral Access Agreement shall remain in full force and effect; or (ii) Administrative Agent shall have established
a Rent Reserve with respect to such premises in an amount satisfactory to Administrative Agent;

 

(i)                
it is located at any customer site or location or is in the possession of a customer of any Borrower, unless either: (i) Administrative
Agent shall have received a Collateral Access Agreement from such customer; or (ii) such Inventory is subject to a valid uptime energy,
servicing or lease agreement with terms acceptable to Administrative Agent in effect at such time; provided that for any Inventory located
at any customer site or location or in the possession of any customer, which in each case is located in Canada, and subject to a “lease
for a term of more than one year” (as defined in the PPSA), all registrations necessary or desirable to preserve, protect and perfect
such Borrower’s interests in such leased Inventory shall have been made under the PPSA in the applicable jurisdiction;

 

(j)                
it is located outside of the continental United States or Canada, or is located in any jurisdiction in Canada in which the Administrative
Agent does not hold a valid, perfected Lien (and for greater certainty is not located in Quebec unless the Administrative Agent has received
a valid registered first priority deed of hypothec from Canadian Borrower);

 

(k)              
it is a sample item, is in-transit or is subject to any warehouse receipt or negotiable document;

 

(l)                
it constitutes work in process or raw materials; provided that Generator Units and Field Units are not raw materials;

 

(m)             
it is subject to repossession under the BIA except to the extent the applicable vendor has entered into an agreement with the Administrative
Agent, in form and substance reasonably satisfactory to the Administrative Agent, waiving its right to repossession;

 

(n)               
it has been acquired from a Sanctioned Person; or

 

(o)              
Administrative Agent otherwise determines it to be ineligible in its Permitted Discretion.

 

Administrative Agent shall
have the right to create and adjust eligibility standards from time to time in its reasonable discretion.

 

“Eligible New
Generator Units” means the Eligible Inventory owned by the Borrowers consisting of New Generator Units.

 

    CREDIT AGREEMENT – Page 23

     

    

 

“Environmental
Laws” means any and all federal, state, provincial, territorial and local Laws, regulations, judicial decisions, orders,
decrees, plans, rules, permits, licenses, and other governmental restrictions and requirements pertaining to health, safety, or the environment,
including, without limitation, the Comprehensive Environmental Response, Compensation and Liability Act as amended by the Superfund Amendments
and Reauthorization Act of 1986, 42 U.S.C. §9601 et seq., the Resource Conservation and Recovery Act, 42 U.S.C. §6901 et seq.,
the Federal Water Pollution Control Act, as amended by the Clean Water Act, 33 U.S.C. §1251 et seq., the Clean Air Act, 42 U.S.C.
 §7401 et seq., the Emergency Planning and Community Right-to-Know Act, 42 U.S.C. §11001 et seq., the Hazardous Materials Transportation
Act, 49 U.S.C. §5101 et seq., the Toxic Substances Control Act, 15 U.S.C. §2601 et seq., the Oil Pollution Act of 1990, 33 U.S.C.
 §2701 et seq., the Safe Drinking Water Act, 42 U.S.C. §300f et seq., the Occupational Safety and Health Act, 29 U.S.C. §651
et seq., the Federal Insecticide, Fungicide, and Rodenticide Act, 7 U.S.C. §136 et seq., the Endangered Species Act, U.S.C. §1531
et seq., the National Environmental Policy Act, 42 U.S.C. §4321 et seq., the Rivers and Harbors Appropriation Act of 1899, 33 U.S.C.
 §407, all similar state statutes and local ordinances, and all regulations promulgated under any of those statutes, and all administrative
and judicial actions respecting such legislation, all as amended from time to time.

 

“Environmental
Liabilities” means, as to any Person, all liabilities, obligations, responsibilities, Remedial Actions, losses, damages,
punitive damages, consequential damages, treble damages, costs, and expenses (including, without limitation, all reasonable fees, disbursements
and expenses of counsel, expert and consulting fees and costs of investigation and feasibility studies), fines, penalties, sanctions,
and interest incurred as a result of any claim or demand, by any Person, whether based in contract, tort, implied or express warranty,
strict liability, criminal or civil statute, including any Environmental Law, permit, order or agreement with any Governmental Authority
or other Person, arising from environmental, health or safety conditions or the Release or threatened Release of a Hazardous Material
into the environment, resulting from the past, present, or future operations of such Person or its Affiliates.

 

“Equity Interests”
means, as 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 from time to time, together with the regulations promulgated thereunder.

 

“ERISA Affiliate”
means any corporation or trade or business which is a member of the same controlled group of corporations (within the meaning of Section 414(b)
of the Code) as a Loan Party, is under common control (within the meaning of Section 414(c) of the Code) with a Loan Party, or is
otherwise considered a single employer with a Loan Party pursuant to Sections 414(m) or (o) of the Code, for purposes
of the provisions relating to Section 412 of the Code or Section 303 of ERISA.

 

    CREDIT AGREEMENT – Page 24

     

    

 

“ERISA Event”
means (a) a Reportable Event with respect to a Plan, (b) a withdrawal by any Loan Party or any ERISA Affiliate from a Plan subject
to Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of ERISA)
or a cessation of operations which is treated as such a withdrawal under Section 4062(e) of ERISA, (c) a complete or partial
withdrawal by any Loan Party or any ERISA Affiliate from a Multiemployer Plan, (d) the filing of a notice of intent to terminate
a Plan, the treatment of a Plan or Multiemployer Plan amendment as a termination under Section 4041 or 4041A of ERISA, or the commencement
of proceedings by the PBGC to terminate a Plan or Multiemployer Plan, (e) the occurrence of an event or condition which might reasonably
be expected to constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer,
any Plan or Multiemployer Plan, (f) the imposition of any liability to the PBGC under Title IV of ERISA, other than for PBGC premiums
due but not delinquent under Section 4007 of ERISA, upon any Loan Party or any ERISA Affiliate, (g) the failure of any Loan
Party or ERISA Affiliate to meet any funding obligations with respect to any Plan or Multiemployer Plan, or (h) a Plan becomes subject
to the at-risk requirements in Section 303 of ERISA or Section 430 of the Code or is in endangered or critical status under
Section 305 of ERISA or Section 432 of the Code.

 

“Erroneous Payment”
has the meaning set forth in Section 10.11(a).

 

“Erroneous Payment
Deficiency Assignment” has the meaning set forth in Section 10.12(d).

 

“Erroneous Payment
Impacted Class” has the meaning set forth in Section 10.11(d).

 

“Erroneous Payment
Return Deficiency” has the meaning set forth in Section 10.11(d).

 

“Erroneous Payment
Subrogation Rights” has the meaning set forth in Section 10.11(d).

 

“ETA”
means Part IX of the Excise Tax Act (Canada), as amended from time to time, and any successor statute.

 

“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, subject to the implementation of a Benchmark Replacement in accordance with Section 3.3:

 

(a)              
with respect to any Eurodollar Rate Loan for any Interest Period, the per annum rate appearing on the ICE Benchmark Administration
LIBOR Rates Page (or on any successor or substitute page or service providing quotations of interest rates applicable to Dollar deposits
in the London interbank market comparable to those currently provided on such page, as determined by Administrative Agent from time to
time) at approximately 11:00 a.m., London time, on the related Eurodollar Rate Determination Date, as the rate for Dollar deposits with
a maturity comparable to such Interest Period, and if such rate does not appear on such screen or service, or such screen or service shall
cease to be available, then the Eurodollar Rate shall be the offered rate (as determined by Administrative Agent in its
sole discretion; provided that no Benchmark Transition Event shall have occurred at such time) on such other screen or service that displays
an average interest settlement rate for deposits in Dollars (for delivery on the first day of such Interest Period) by such other authoritative
source (as is selected by Administrative Agent in its sole discretion; provided that no Benchmark Transition Event shall have occurred
at such time) to major banks in the London interbank eurodollar market for a term equivalent to such Interest Period as of 11:00 a.m.
on the relevant Eurodollar Rate Determination Date; and

 

    CREDIT AGREEMENT – Page 25

     

    

 

(b)              
with respect to any interest calculation with respect to a Base Rate Loan on any date, the per annum rate appearing on the ICE
Benchmark Administration LIBOR Rates Page (or on any successor or substitute page or service providing quotations of interest rates applicable
to Dollar deposits in the London interbank market comparable to those currently provided on such page, as determined by Administrative
Agent from time to time) at approximately 11:00 a.m., London time, on the related Eurodollar Rate Determination Date for a term of one
(1) month commencing on the date of calculation, and if such rate does not appear on such screen or service, or such screen or service
shall cease to be available, then the Eurodollar Rate shall be the offered rate (as determined by Administrative Agent in its sole discretion;
provided that no Benchmark Transition Event shall have occurred at such time) on such other screen or service that displays an average
interest settlement rate for deposits in Dollars (for delivery on such date of calculation) by such other authoritative source (as is
selected by Administrative Agent in its sole discretion; provided that no Benchmark Transition Event shall have occurred at such time)
to major banks in the London interbank eurodollar market for a term of one (1) month as of 11:00 a.m. on the relevant Eurodollar Rate
Determination Date.

 

Notwithstanding the foregoing,
(x) in no event shall the Eurodollar Rate (including any Benchmark Replacement with respect thereto) be less than 0% and (y) unless otherwise
specified in any amendment to this Agreement entered into in accordance with Section 3.3, in the event that a Benchmark
Replacement with respect to the Eurodollar Rate is implemented then all references herein to the Eurodollar Rate shall be deemed references
to such Benchmark Replacement. Each calculation by Administrative Agent of the Eurodollar Rate shall be conclusive and binding for all
purposes absent manifest error.

 

“Eurodollar Rate
Borrowing” means, as to any Borrowing, the Eurodollar Rate Loans comprising such Borrowing.

 

“Eurodollar Rate
Determination Date” means a day that is two (2) Business Days prior to the beginning of the relevant Interest Period or
prior to the applicable date, as applicable.

 

“Eurodollar Rate
Loan” means each Loan bearing interest based on the Adjusted Eurodollar Rate where the Eurodollar Rate is determined pursuant
to clause (a) of the definition thereof.

 

“Event of Default”
has the meaning set forth in Section 9.1.

 

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

 

    CREDIT AGREEMENT – Page 26

     

    

“Excluded Accounts”
means any commodity account, deposit account or securities account (a) established solely as a payroll account and other zero-balance
disbursement account, (b) held in a fiduciary capacity and established in connection with employee benefit plans in the ordinary course
of business or pursuant to applicable legal requirements, or (c) with a balance in each such account individually not exceeding $100,000
at any time and the aggregate balance of all such accounts not exceeding $250,000.

 

“Excluded Assets”
means, collectively:

 

(a)              
assets as to which Administrative Agent and Loan Parties agree in writing that the cost of creating or perfecting a pledge of,
or a security interest in, such assets is excessive in relation to the value of the security to be afforded thereby;

 

(b)              
any rights or interest in any lease, contract, license or license agreement covering personal Property or real Property and/or
such assets subject thereto, so long as under the terms of such lease, contract, license or license agreement, the grant of a security
interest or Lien therein for the benefit of the Secured Parties (1) is prohibited, (2) would give any other party to such lease, contract,
license or license agreement, instrument or indenture the right to terminate its obligations thereunder, or (3) is permitted only with
the consent of another party (including, without limitation, any Governmental Authority) (or would render such lease, contract, license
or license agreement cancelled, invalid or unenforceable) and such prohibition has not been or is not waived or the consent of the other
party to such lease, contract, license or license agreement has not been or is not otherwise obtained; provided that, this exclusion
shall in no way be construed to apply if any such prohibition is unenforceable under the UCC, the PPSA or any other Law (including any
Debtor Relief Law) or so as to limit, impair or otherwise affect the unconditional continuing security interests in and Liens for the
benefit of the Secured Parties upon any rights or interests in or to monies due or to become due under any such lease, contract, license
or license agreement (including any receivables) and provided further that, with respect to any lease, contract, license or license
agreement entered into after the Closing Date, the Loan Parties shall use commercially reasonable efforts to permit Liens for the benefit
of the Secured Parties on each such lease, contract, license or license agreement and avoid prohibitions of the types described in clauses
(1) through (3) above;

 

(c)              
any such account described in clause (b) of the definition of “Excluded Accounts”;

 

(d)              
any application for registration of a trademark filed in the United States Patent and Trademark Office on an intent to use basis
to the extent that the grant of a security interest in any such trademark application would adversely affect the validity or enforceability
or result in cancellation or voiding of such trademark application, provided, however, that such trademark applications shall no
longer be considered Excluded Assets upon the filing of a Statement of Use or an Amendment to Allege Use has been filed and accepted in
the United States Patent and Trademark Office; and

 

    CREDIT AGREEMENT – Page 27

     

    

 

(e)               any
assets that are subject to a Lien permitted under Section 7.2(g) if the contract or other agreement in which the Lien
is granted (or the documentation providing for the Debt secured thereby) prohibits the creation of any other Lien on such assets; provided
that immediately upon the ineffectiveness, lapse or termination of any such Lien permitted under Section 7.2(g), such
assets shall no longer be considered Excluded Assets pursuant to this clause (e) and the Collateral shall include all
such rights and interest in such assets as if such Lien permitted under Section 7.2(g) had never been in effect
(unless such asset would constitute as an Excluded Asset under any other clause herein).

 

To the extent that such Property
constitutes as an “Excluded Asset” due to the failure by any Loan Party to obtain a consent as described in clause (b)
above, such Loan Party shall use commercially reasonable efforts to obtain such consent and, upon obtaining such consent, such Property
shall cease to constitute as an “Excluded Asset”.

 

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

 

“Excluded Taxes”
means any of the following Taxes imposed on or with respect to a Recipient or required to be withheld or deducted from a payment to a
Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each
case, (i) imposed as a result of such Recipient being organized under the Laws of, or having its principal office or, in the case
of any Lender, its applicable Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or
(ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal or Canadian 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 such Loan or Commitment (other than pursuant to an assignment request
by any Borrower under Section 3.6(b)) or (ii) such Lender changes its Lending Office, except in each case to the
extent that, pursuant to Section 3.4, amounts with respect to such Taxes were payable either to such Lender’s
assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its Lending Office, (c) Taxes
attributable to such Recipient’s failure to comply with Section 3.4(g) and (d) any U.S. federal withholding
Taxes imposed under FATCA.

 

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

 

    CREDIT AGREEMENT – Page 28

     

    

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

 

“FCPA”
means the Foreign Corrupt Practices Act of 1977, as amended.

 

“Federal Funds
Rate” means, for any day, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) equal to the weighted
average of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers
on such day, as published by the Federal Reserve Bank of New York, on the Business Day next succeeding such day, provided that
(a) if the day for which such rate is to be determined is not a Business Day, the Federal Funds Rate for such day shall be such rate
on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if such rate
is not so published for any day, the Federal Funds Rate for such day shall be the average rate charged to Administrative Agent on such
day on such transactions as determined by Administrative Agent.

 

“Fee Letter”
means (a) the separate fee letter dated as of February 8, 2019, between Borrowers and Texas Capital Bank and (b) any other fee letter
among Borrowers and Administrative Agent, Arranger and/or Texas Capital Bank concerning fees to be paid by Borrowers in connection with
this Agreement including any amendments, restatements, supplements or modifications thereof. By its execution of this Agreement, each
Lender acknowledges and agrees that Administrative Agent, Arranger and/or Texas Capital Bank may elect to treat as confidential and not
share with Lenders any Fee Letters executed from time to time in connection with this Agreement.

 

“Field Units”
means Inventory of the Borrowers generally consisting of diesel generators, oil and gas separators, electrical switchgear, and other related
support equipment, which, in each case, are not part of any Generator Package.

 

“Fifth Amendment”
means that certain Fifth Amendment to Credit Agreement dated as of the Fifth Amendment Effective Date, by and among the Company, the other
Borrowers and the other Loan Parties party thereto, the Administrative Agent and the Lenders party thereto.

 

“Fifth Amendment
Effective Date” means [__________], 2021.

 

“Financial Covenants”
means the covenants set forth in Sections 8.1 and 8.2.

 

“First Amendment”
means that certain First Amendment to Credit Agreement and First Amendment to Pledge and Security Agreement dated as of the First Amendment
Effective Date, by and among the Company, the other Borrowers and the other Loan Parties party thereto, the Administrative Agent and the
Lenders party thereto.

 

“First Amendment
Effective Date” means January 27, 2020.

 

    CREDIT AGREEMENT – Page 29

     

    

“FGS”
means FlexEnergy Green Solutions, Inc., a Delaware corporation.

 

“Fixed Charge
Coverage Ratio” means, for any date of determination, the ratio of (a) Annualized EBITDA of Company and its Subsidiaries
minus Unfinanced Capital Expenditures, to (b) Fixed Charges of Company and its Subsidiaries.

 

“Fixed Charges”
means, for any Person for any date of determination, the sum of (a) Annualized Debt Service, plus (b) cash income taxes
paid during the trailing twelve (12) fiscal month period then ending on such date, plus (c) the sum of distributions and dividends
(including any Permitted Tax Distributions) made during the trailing twelve (12) fiscal month period then ending on such date.

 

“FlexEnergy”
means FlexEnergy, Inc., a Delaware corporation.

 

“Floor”
means the benchmark rate floor, if any, provided in this Agreement initially (as of the Fifth Amendment Effective Date or any modification,
amendment or renewal of this Agreement or otherwise) with respect to USD LIBOR.

 

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

 

“Foreign Subsidiaries”
means each Subsidiary other than a Domestic Subsidiary.

 

“Fourth Amendment”
means that certain Fourth Amendment to Credit Agreement dated as of the Fourth Amendment Effective Date, by and among the Company, the
other Borrowers and the other Loan Parties party thereto, the Administrative Agent and the Lenders party thereto.

 

“Fourth Amendment
Effective Date” means June 29, 2021.

 

“Fraudulent Transfer
Laws” has the meaning set forth in Section 12.14.

 

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

 

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

 

“GAAP”
means generally accepted accounting principles, applied on a consistent basis, as set forth in opinions of the Accounting Principles Board
of the American Institute of Certified Public Accountants and/or in statements of the Financial Accounting Standards Board and/or their
respective successors and which are applicable in the circumstances as of the date in question. Accounting principles are applied on a
 “consistent basis” when the accounting principles applied in a current period are comparable in all material
respects to those accounting principles applied in a preceding period.

 

    CREDIT AGREEMENT – Page 30

     

    

“Generator Packages”
means uptime energy power units, generally consisting of an engineered package of components, including, without limitation, a turbine
engine, combustor, synchronous generator, recuperator, inlet guide vanes, generator braking resistor, and other control devices mounted
on either a metal skid or trailer.

 

“Generator Units”
means Inventory of the Borrowers consisting of completed Generator Packages. For the avoidance of doubt Generator Units will not include
any Field Units.

 

“Governmental
Authority” means the government of the U.S., Canada or any other nation, or any political subdivision thereof, whether state,
provincial, territorial or local, and any agency, authority, instrumentality, regulatory body, court, central bank, tribal body 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), and any group or body charged with setting
financial accounting or regulatory capital rules or standards (including without limitation, the Financial Accounting Standards Board,
the Bank for International Settlements or the Basel Committee on Banking Supervision or any successor or similar authority to any of the
foregoing).

 

“GST”
means the goods and services tax and all other amounts payable under the ETA or any similar legislation in any other jurisdiction of Canada,
including (a) the Quebec sales tax imposed pursuant to an Act respecting the Québec sales tax and (b) all amounts payable
as harmonized sales tax in the Provinces of Ontario, Nova Scotia, Newfoundland and Labrador, Prince Edward Island and New Brunswick under
the ETA.

 

“Guarantee”
by any Person means any obligation or liability, contingent or otherwise, of such Person directly or indirectly guaranteeing any Debt
or other obligation of any other Person as well as any obligation or liability, direct or indirect, contingent or otherwise, of such Person
(a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Debt or other obligation or liability (whether
arising by virtue of partnership arrangements, by agreement to keep-well, to purchase assets, goods, securities or services, to operate
Property, to take-or-pay, or to maintain net worth or working capital or other financial statement conditions or otherwise) or (b) entered
into for the purpose of indemnifying or assuring in any other manner the obligee of such Debt or other obligation or liability of the
payment thereof or to protect the obligee against loss in respect thereof (in whole or in part); provided that the term Guarantee
shall not include endorsements for collection or deposit in the ordinary course of business. The term “Guarantee”
used as a verb has a corresponding meaning.

 

“Guarantors”
means, collectively, (a) each of the Borrowers with respect to the Obligations under any Bank Product Agreement to the extent that each
such Borrower is not the primary obligor with respect thereto, (b) Flex Power Co., a Delaware corporation, and each other Subsidiary of
Company (other than Borrowers) and (c) each Person (other than Parent) who from time to time Guarantees all or any part of the Obligations
under the Loan Documents, including any Person who becomes a party to this Agreement pursuant to a Joinder Agreement.

 

    CREDIT AGREEMENT – Page 31

     

    

 

“Guaranty”
means, collectively, the guaranty made by the Loan Parties party to this Agreement pursuant to Article 12 and each other
written guaranty executed by one or more of the other Guarantors in favor of Administrative Agent, for the benefit of Secured Parties,
in form and substance satisfactory to Administrative Agent.

 

“Hazardous Material”
means any substance, product, waste, pollutant, material, chemical, contaminant, constituent, or other material which is or becomes listed,
regulated, or addressed under any Environmental Law, including, without limitation, any petroleum and petroleum byproducts, natural gas,
natural gas liquids, liquefied natural gas or synthetic gas usable for fuel (or mixture of natural gas and such synthetic gas), polychlorinated
biphenyls, lead and lead-based paint, radon, radioactive materials, flammables and explosives, and mold.  “Hazardous Substances”
shall include, without limitation, any hazardous or toxic substance, material or waste or any chemical, element, compound or mixture which
is: (i) asbestos and asbestos-containing materials; (ii) designated as a “pollutant” or “toxic pollutant” pursuant
to the Federal Water Pollution Control Act (33 U.S.C. Paragraph 1251 et seq.); (iii) defined as a “solid or hazardous waste”
pursuant to the Federal Resource Conservation and Recovery Act (42 U.S.C. Paragraph 6901 et seq.); (iv) defined as “hazardous substances”
pursuant to the Comprehensive Environmental Response, Compensation and Liability Act (42 U.S.C. Paragraph 9601 et seq.); (v) listed in
the United States Department of Transportation Table (49 CFR 172.101) or by the Environmental Protection Agency as hazardous substances
(40 CFR part 302); (vi) chemicals, elements, compounds, mixtures, substances, materials or wastes otherwise regulated under any applicable
federal, state, provincial, territorial or local Environmental Laws; (vii) polychlorinated biphenyls; (viii) “pesticides”
as defined in the Federal Insecticide, Fungicide, and Rodenticide Act, 7 U.S.C. §§ 136 et seq.; (ix) “contaminant”
as defined in the Safe Drinking Water Act, 42 U.S.C. §§ 300f et seq.; (x) “extremely hazardous substances” as defined
in the Emergency Planning and Community Right to Know Act, 42 U.S.C. §§ 11001 et seq.; (xi) “hazardous materials”
as defined in the Hazardous Materials Transportation Act, 49 U.S.C. §§ 5101 et seq.; (xii) “hazardous air pollutants”
as defined in the Clean Air Act, 42 U.S.C. §§ 7401 et seq.; and (xiii) “oil” as defined in the Oil Pollution Act
of 1990, 33 U.S.C. §§ 2701 et seq.

 

“Hedge Agreement”
means (a) any and all interest 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, (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 and annexes, a “Master Agreement”),
(c) any and all Master Agreements and any and all related confirmations and (d) any other agreement, contract or transaction that
constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act.

 

    CREDIT AGREEMENT – Page 32

     

    

 

“Hedge Obligations”
means, at any time with respect to any Person, all indebtedness, liabilities, and obligations of such Person under or in connection with
any Hedge Agreement, whether actual or contingent, due or to become due and existing or arising from time to time.

 

“Hedge Termination
Value” means, in respect of any one or more Hedge Agreements, after taking into account the effect of any legally enforceable
netting agreement relating to such Hedge Agreements, (a) for any date on or after the date such Hedge Agreements have been closed
out and settlement amounts, early termination amounts or termination value(s) determined in accordance therewith, such settlement amounts,
early termination amounts or 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 Hedge Agreements, as determined based upon one or more commercially reasonable
mid-market or other readily available quotations provided by any dealer which is a party to such Hedge Agreement or any other recognized
dealer in such Hedge Agreements (which may include a Lender or any Affiliate of a Lender).

 

“Honor Date”
has the meaning set forth in Section 2.2(c)(i).

 

“Increase Effective
Date” has the meaning set forth in Section 2.10(c).

 

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

 

“Information”
has the meaning set forth in Section 11.26.

 

“Intellectual
Property” means all copyrights, copyrightable works, patents, patent applications, industrial designs, trademarks, service
marks, trade names, brand names, trade dress, slogans, logos and Internet domain names and uniform resource locators, and the goodwill
associated with any of the foregoing, and other types of intellectual or industrial property rights and foreign equivalent or counterpart
rights and forms of protection of a similar or analogous nature to any of the foregoing or having similar effect in any jurisdiction throughout
the world, and registrations and applications for registration of any of the foregoing, and all documentation and embodiments of the foregoing,
in whatever form, now owned or hereafter acquired.

 

“Intercreditor
Agreement” means that certain Subordination and Intercreditor Agreement dated as of the Closing Date, by and among Administrative
Agent, the Subordinated Lenders, Parent, and the Loan Parties, as the same may be amended, amended and restated, supplemented or otherwise
modified from time to time in accordance therewith and herewith.

 

“Interest Period”
means with respect to any Eurodollar Rate Loan, the period commencing on the date such Loan becomes a Eurodollar Rate Loan (whether by
the making of a Loan or its continuation or conversion) and ending on the numerically corresponding day in the calendar month that is
one (1), two (2) or three (3) months thereafter (in each case subject to the availability of the Eurodollar Rate for such period), as
the Borrower Representative may elect; provided that (a) if any Interest Period would end on a day other than a Business Day,
such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the
next calendar month, in which case such Interest Period shall end on the next preceding Business Day and (b) any Interest Period
pertaining to a Eurodollar Rate Loan that commences on the last Business Day of a calendar month (or on a day for which there is no numerically
corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of
such Interest Period.

 

    CREDIT AGREEMENT – Page 33

     

    

 

 

“Interest Rate”
means the rate equal to the lesser of (a) the Maximum Rate and (b) the Applicable Rate.

 

“Inventory”
means inventory, as defined in the UCC or PPSA, as applicable.

 

“Investment Grade
Account Debtor” means, any account debtor whose securities are rated BBB- (or then equivalent grade) or higher by S&P
or Baa3 (or then equivalent grade) or higher by Moody’s, or whose credit rating or credit quality has the characteristics of an
Investment Grade Account Debtor as determined by Administrative Agent in its sole discretion.

 

“IRS”
means the Internal Revenue Service or any entity succeeding to all or any of its functions.

 

“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 L/C Issuer and any Borrower or in favor of L/C Issuer and relating to such Letter of Credit.

 

“ITA”
means the Income Tax Act (Canada), as amended from time to time, and any successor statute, together with the regulations promulgated
thereunder.

 

“Joinder Agreement”
means a Joinder Agreement in the form of Exhibit H hereto.

 

“Judgment Currency”
has the meaning set forth in Section 11.2(b).

 

“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 by Borrowers on the date
when made or refinanced as a Revolving Credit 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.

 

    CREDIT AGREEMENT – Page 34

     

    

 

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

 

“L/C Obligations”
means, as of 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 1.4. For all purposes
of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder
by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the
amount so remaining available to be drawn.

 

“Laws”
means, collectively, all international, foreign, federal, state, provincial, territorial 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.

 

“Lease”
of any Person means all of the right, title and interest of such Person as lessee or licensee in, to and under a lease or license of land,
improvements and/or fixtures.

 

“Lenders”
means, (a) at any time prior to the termination of the Commitments, any Person that has a Commitment at such time, and (b) at
any time after the termination of the Commitments, any Person that has Revolving Credit Exposure at such time. Unless the context otherwise
requires, the term “Lenders” includes Swing Line Lender, L/C Issuer and their respective successors and assigns permitted
hereunder.

 

“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 Representative and Administrative Agent.

 

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

 

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

 

“Letter of Credit
Expiration Date” means the day that is seven (7) days prior to the Maturity Date (or, if such day is not a Business Day,
the next preceding Business Day).

 

“Letter of Credit
Fee” has the meaning set forth in Section 2.4(b).

 

“Letter of Credit
Sublimit” means an amount equal to the lesser of (a) $5,000,000 and (b) the aggregate Commitments. The Letter of Credit
Sublimit is part of, and not in addition to, the Commitments.

 

    CREDIT AGREEMENT – Page 35

     

    

 

“Leverage Ratio”
means, as of the last day of the last fiscal month of each fiscal quarter, the ratio of (i) all Debt of Company and its Subsidiaries,
on a consolidated basis in accordance with GAAP, as of such date to (ii) Annualized EBITDA of Company and its Subsidiaries, on a consolidated
basis in accordance with GAAP, as of such date.

 

“Lien”
means, as to any Property of any Person, (a) any lien, mortgage, security interest, tax lien, pledge, charge, hypothecation, collateral
assignment, preference, priority, or other encumbrance of any kind or nature whatsoever (including, without limitation, any conditional
sale or title retention agreement), whether arising by contract, operation of law, or otherwise, affecting such Property and (b) the signing
or filing of a financing statement which names the Person as debtor or the signing of any security agreement or the signing of any document
authorizing a secured party to file any financing statement which names such Person as debtor.

 

“Loan”
means an extension of credit by a Lender to any Borrower under Article 2 in the form of a Revolving Credit Loan or
a Swing Line Loan.

 

“Loan Documents”
means this Agreement, the First Amendment, the Second Amendment, the Third Amendment, the Fourth Amendment, each Guaranty, the Security
Documents, the Notes, the Issuer Documents, and all other promissory notes, security agreements, deeds of trust, assignments, letters
of credit, guaranties, and other instruments, documents, or agreements executed and delivered pursuant to or in connection with this Agreement
or the Security Documents; provided that the term “Loan Documents” shall not include any Bank Product Agreement.

 

“Loan Party”
means Borrowers, each other Guarantor or any other Person who is or becomes party to any agreement with any Secured Party that obligates
such Person to pay or perform, or that Guarantees or secures payment or performance of, the Obligations under the Loan Documents or any
part thereof. Notwithstanding the foregoing, the Parent shall not constitute as being a “Loan Party” for all purposes under
the Loan Documents.

 

“Management Services
Agreement” means that certain Management Services Agreement dated as of [________], 2021, between the Company and FlexEnergy
Energy Systems, Inc., a Delaware corporation, as the same may be amended, restated, supplemented or otherwise modified from time to time
in accordance with Section 7.16.

 

“Material Adverse
Effect” means any act, event, condition, or circumstance which could reasonably be expected to materially and adversely
affect (a) the operations, business, Properties, liabilities (actual or contingent), or condition (financial or otherwise) of the
Loan Parties and their Subsidiaries, taken as a whole; (b) the ability of any Loan Party to perform its obligations under any Loan
Document to which it is a party; (c) the legality, validity, binding effect or enforceability against any Loan Party of any Loan
Document to which it is a party; or (d) the rights, remedies and benefits available to, or conferred upon, Administrative Agent or any
Secured Party under any Loan Documents.

 

“Maturity Date”
means February 8, 2024, or such earlier date on which the Commitment of each Lender terminates as provided in this Agreement.

 

    CREDIT AGREEMENT – Page 36

     

    

 

“Maximum Rate”
means, at all times, the maximum rate of interest which may be charged, contracted for, taken, received or reserved by Lenders in accordance
with applicable Law. The Maximum Rate shall be calculated in a manner that takes into account any and all fees, payments, and other charges
in respect of the Loan Documents that constitute interest under applicable Law. Each change in any interest rate provided for herein based
upon the Maximum Rate resulting from a change in the Maximum Rate shall take effect without notice to any Borrower at the time of such
change in the Maximum Rate.

 

“Minimum Collateral
Amount” means, at any time, (a) with respect to Cash Collateral consisting of cash or deposit account balances provided
to reduce or eliminate Fronting Exposure during the time that a Defaulting Lender exists, an amount equal to 103% of the Fronting Exposure
of L/C Issuer with respect to Letters of Credit issued and outstanding at such time, (b) with respect to Cash Collateral consisting
of cash or deposit account balances provided in accordance with the provisions of Section 2.7(a)(i), (a)(ii)
or (a)(iii), an amount equal to 103% of the Outstanding Amount of all L/C Obligations, and (c) otherwise, an amount
determined by Administrative Agent and L/C Issuer in their sole discretion.

 

“Multiemployer
Plan” means a multiemployer plan defined as such in Section 3(37) of ERISA to which contributions are being
made or have been made by, or for which there is an obligation to make contributions by or there is any liability, contingent or otherwise,
with respect to an Loan Party or any ERISA Affiliate and which is covered by Title IV of ERISA.

 

“Net Cash Proceeds”
means:

 

(a)              
with respect to any Disposition by any Loan Party or any of its Subsidiaries the excess, if any, of (i) the sum of cash and cash
equivalents received in connection with such transaction (including any cash or cash equivalents received by way of deferred payment pursuant
to, or by monetization of, a note receivable or otherwise, but only as and when so received), over (ii) the sum of (A) the principal amount
of any Debt that is secured by the applicable asset and that is required to be repaid in connection with such transaction (other than
Debt under the Loan Documents), (B) the reasonable out-of-pocket expenses incurred by such Loan Party or such Subsidiary in connection
with such transaction including legal, accounting, investment banking and other professional fees and (C) taxes paid or reasonably estimated
to be payable within two years of the date of the relevant transaction as a result of any gain recognized in connection therewith; provided
that, if (1) reserves established pursuant to subclause (A) exceeds the actual purchase price adjustment required to be
paid in connection with such transactions, or (2) the amount of any estimated taxes pursuant to subclause (C) exceeds the
amount of taxes actually required to be paid in cash in respect of such Disposition, in each case, the aggregate amount of such excess
shall constitute Net Cash Proceeds.

 

(b)              
with respect to the sale or issuance of any Equity Interests by any Loan Party or any of its Subsidiaries, or the incurrence or
issuance of any Debt by any Loan Party or any of its Subsidiaries, the excess of (i) the sum of the cash and cash equivalents received
in connection with such transaction over (ii) the underwriting discounts and commissions, and other reasonable and customary out-of-pocket
expenses, incurred by such Loan Party or such Subsidiary in connection therewith.

 

    CREDIT AGREEMENT – Page 37

     

    

 

“Net Income”
means, for any Person for any period, the net income (or loss) of such Person and its Subsidiaries on a consolidated basis as determined
in accordance with GAAP; provided that Net Income shall exclude (a) the net income of any Subsidiary of such Person during
such period to the extent that the declaration or payment of dividends or similar distributions by such Subsidiary of such income is not
permitted by operation of the terms of its Constituent Documents or any agreement, instrument or Law applicable to such Subsidiary during
such period, except that such Person’s equity in any net loss of any such Subsidiary for such period shall be included in determining
Net Income, and (b) any income (or loss) for such period of any other Person if such other Person is not a Subsidiary, except that
Company’s equity in the net income of such Person for such period shall be included in Net Income up to the aggregate amount of
cash actually distributed by such Person during such period to Company or a Subsidiary as a dividend or other distribution (and in the
case of a dividend or other distribution to such Subsidiary, such Subsidiary is not precluded from further distributing such amount to
Company as described in clause (a) of this proviso).

 

“Net Invoice Costs”
means “hard costs” (i.e. the net invoice cost of Inventory excluding taxes, shipping, delivery, handling, installation, set-up
costs or other soft costs) of any Inventory.

 

“Net Orderly Liquidation
Value” means, with respect to Inventory of any Person, the orderly liquidation value thereof, expressed as a percentage
of net book value, as determined in a manner acceptable to Administrative Agent by an appraiser acceptable to Administrative Agent, net
of all costs of liquidation thereof.

 

“New Generator
Units” means Generator Unites, whether held or deployed by the Borrowers in the ordinary course of business, and which are
not included in the most recent appraisal ordered, received and relied upon by Administrative Agent pursuant to Section 6.6(c).

 

“Non-Consenting
Lender” means any Lender that does not approve any consent, waiver or amendment that (a) requires the approval of all
or all affected Lenders in accordance with the terms of Section 11.10 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-Investment
Grade Account Debtor” means any account debtor which is not an Investment Grade Account Debtor.

 

“Notes”
means a promissory note made by Borrowers in favor of a Lender evidencing Revolving Credit Loans or Swing Line Loans, as the case may
be, made by such Lender, substantially in the form of Exhibit E.

 

“Obligations”
means all obligations, indebtedness, and liabilities of Borrowers and each other Loan Party to Administrative Agent, each Lender and
each other Secured Party now existing or hereafter arising, whether direct, indirect, related, unrelated, fixed, contingent,
liquidated, unliquidated, joint, several, or joint and several, arising under or pursuant to this Agreement, any Bank Product
Agreements or the other Loan Documents, and all interest accruing thereon (whether a claim for post-filing or post-petition interest
is allowed in any bankruptcy, insolvency, reorganization or similar proceeding) and all attorneys’ fees and other expenses
incurred in the enforcement or collection thereof and Erroneous Payment Subrogation Rights; provided that, as to any Loan
Party, the “Obligations” shall exclude any Excluded Swap Obligations of such Loan Party.

 

    CREDIT AGREEMENT – Page 38

     

    

 

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

 

“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 Guaranties”
has the meaning set forth in Section 12.11.

 

“Other Guarantors”
has the meaning set forth in Section 12.11.

 

“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 3.6).

 

“Outstanding Amount”
means (a) with respect to the Revolving Credit Loans and the Swing Line Loans on any date, the aggregate outstanding principal amount
thereof after giving effect to any borrowings and prepayments or repayments of Revolving Credit Loans and Swing Line Loans, as the case
may be, 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 Borrowers of Unreimbursed Amounts.

 

“Parent”
means FlexEnergy Power Solutions, LLC, a Delaware limited liability company.

 

“Parent Loan”
means the subordinated Debt of Parent owing to the Subordinated Lenders in an original aggregate principal amount of $18,000,000, which
Debt is evidenced and governed by the Parent Loan Documents.

 

“Parent Loan Documents”
means, collectively, (a) the Parent Loan Notes, and (b) any and all guarantees, notes, instruments, documents and agreements executed
and delivered by Parent in connection with, or pursuant to, the issuance of the Parent Loan, in each case, as the same may be amended,
restated, supplemented or otherwise modified from time to time in accordance with Section 7.16(b).

 

“Parent Loan
Notes” means, collectively, those certain secured promissory notes entered into from time to time, among Parent and
the Subordinated Lenders, as the same may be amended, restated, supplemented or otherwise modified from time to time in accordance
with Section 7.16(b).

 

    CREDIT AGREEMENT – Page 39

     

    

 

“Parent Pledge
Agreement” means that certain Pledge and Limited Guaranty Agreement (including any and all supplements thereto), dated as
of the Closing Date, among Parent and Administrative Agent, for the benefit of Administrative Agent and the other Secured Parties, as
the same may be amended, restated, supplemented or otherwise modified from time to time.

 

“Participant”
means any Person (other than (a) a natural Person, (b) a holding company, investment vehicle or trust for, or owned and operated for the
primary benefit of, a natural Person, (c) a Defaulting Lender, or (d) Parent, any of Parent’s Affiliates, any Subsidiaries of Parent
or any other Loan Party) to which a participation is sold by any Lender in all or a portion of such Lender’s rights and/or obligations
under this Agreement (including all or a portion of its Commitment and/or the Loans owing to it).

 

“Participant Register”
means a register in the United States on which each Lender that sells a participation 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.

 

“Patriot Act”
means the Uniting and Strengthening America by Providing Appropriate Tools to Intercept and Obstruct Terrorism Act of 2001 (Title III
of Pub. L. 107-56, signed into law October 26, 2001).

 

“Payment Conditions”
means, with respect to any Restricted Payment made pursuant to Section 7.4(e):

 

(a)       no
Default or Event of Default shall have occurred and be continuing on the date of such Restricted Payment or would result after giving
effect to such Restricted Payment;

 

(b)       solely
with respect to any Restricted Payment made pursuant to Section 7.4(e), (i) after giving effect to and at all times during
the ninety (90) consecutive day period immediately prior to such Restricted Payment, Availability shall be greater than or equal to $6,500,000;
and (ii) the Fixed Charge Coverage Ratio for Company and its Subsidiaries for the most recently ended fiscal quarter calculated on a pro
forma basis, after giving effect to such Restricted Payment shall be greater than 1.25 to 1.00; and

 

(c)       Administrative
Agent shall have received a certificate of a Responsible Officer of the Borrower Representative demonstrating satisfaction of the foregoing
conditions concurrently with any such Restricted Payment.

 

“Payment Date”
means (a) in respect of each Base Rate Loan, the first day of each and every calendar month during the term of this Agreement, upon
prepayment of such Loan and the Maturity Date, and (b) in respect of each Eurodollar Rate Loan, the last day of each Interest Period
applicable to such Eurodollar Rate Loan (or the day that is three (3) months after the first day of such Interest Period if such Interest
Period has a length of more than three (3) months) and the Maturity Date.

 

    CREDIT AGREEMENT – Page 40

     

    

 

“PBGC”
means the Pension Benefit Guaranty Corporation or any entity succeeding to all or any of its functions under ERISA.

 

“Perfection Certificate”
means, collectively, (a) that certain Perfection Certificate dated as of the Closing Date, executed by the Loan Parties at such time and
addressed to Administrative Agent and (b) any other perfection certificate from time to time delivered to Administrative Agent, executed
by the Loan Parties, in each case in form and substance reasonably satisfactory to Administrative Agent.

 

“Permitted Discretion”
means a determination made in good faith and in the exercise of reasonable (from the perspective of a secured asset-based lender) business
judgment.

 

“Permitted Holders”
means, collectively, RNS Flex, LLC, ESS Participation Fund II, L.P., Energy Special Situations Fund II, L.P., Intervale Capital Fund III,
L.P. and Intervale Capital Co-Investment Fund III, L.P.

 

“Permitted Liens”
means those Liens permitted by Section 7.2.

 

“Permitted Tax
Distributions” means, for any taxable period after the Fifth Amendment Effective Date during which time the Company is either
a pass-through entity or a member of a consolidated tax group of which Parent is a member for federal income tax purposes, any Restricted
Payment to Parent to permit Parent to pay federal income taxes and all relevant state and local income taxes in an amount not to exceed
the lesser of (a) the amount of such taxes that Parent is required to pay to a Governmental Authority and (b) the amount of federal income
taxes and all relevant state and local income taxes that the Borrowers and their Subsidiaries would have paid had the Borrowers and such
Subsidiaries been a stand-alone corporate taxpayer or a stand-alone corporate group, taking into account any such income taxes directly
paid or withheld at the level of any Borrower or such Subsidiary.

 

“Person”
means any natural person, corporation, limited liability company, trust, association, company, partnership, joint venture, Governmental
Authority, or other entity, and shall include such Person’s heirs, administrators, personal representatives, executors, successors
and assigns.

 

“Plan”
means any employee benefit or other plan, other than a Multiemployer Plan, established or maintained by, or for which there is an obligation
to make contributions by or there is any liability, contingent or otherwise with respect to a Borrower or any ERISA Affiliate and which
is covered by Title IV of ERISA or subject to Section 412 of the Code.

 

“Platform”
means Debt Domain, Intralinks, Syndtrak or a substantially similar electronic transmission system.

 

“PPSA”
means the Personal Property Security Act (Alberta) and the regulations thereunder, as from time to time in effect, provided, however,
if attachment, perfection or priority of the Administrative Agent’s security interests in any Collateral are governed by the personal
property security laws of any jurisdiction in Canada other than Alberta, PPSA shall mean those personal property security laws in such
other jurisdiction for the purposes of the provisions hereof relating to such attachment, perfection or priority and for the definitions
related to such provisions.

 

    CREDIT AGREEMENT – Page 41

     

    

 

“Prime Rate”
means the rate of interest per annum publicly announced from time to time by Texas Capital Bank as its prime rate in effect at its Principal
Office; each change in the Prime Rate shall be effective from and including the date such change is publicly announced as being effective.
Such rate is set by Texas Capital Bank as a general reference rate of interest, taking into account such factors as Texas Capital Bank
may deem appropriate; it being understood that many of Texas Capital Bank’s commercial or other loans are priced in relation to
such rate, that it is not necessarily the lowest or best rate actually charged to any customer and that Texas Capital Bank may make various
commercial or other loans at rates of interest having no relationship to such rate.

 

“Principal Office”
means the principal office of Administrative Agent, presently located at the address set forth on Schedule 11.11.

 

“Prohibited Transaction”
means any transaction set forth in Section 406 of ERISA or Section 4975 of the Code.

 

“Property”
of a Person means any and all property, whether real, personal, tangible, intangible or mixed, of such Person, or any other assets owned,
operated or leased by such Person.

 

“QFC”
has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C.
5390(c)(8)(D).

 

“QFC Credit Support”
has the meaning set forth in Section 11.32.

 

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

 

“Qualified IPO”
means the issuance by FGS of its common shares in an underwritten primary public offering (other than a public offering pursuant to a
registration statement on Form S-1, Form S-8 or comparable filing in any other applicable jurisdiction) pursuant to an effective registration
statement filed with the SEC or any other comparable Governmental Authority in any other applicable jurisdiction (whether alone or in
connection with a secondary public offering) (a) generating (individually or in the aggregate together with any prior initial public offering)
gross proceeds exceeding $15,000,000 and (b) occurring on or prior to January 31, 2022.

 

“Qualified IPO
Expenses” means expenses actually incurred by either (a) prior to the consummation of the Qualified IPO, the Parent or (b)
on or after the consummation of the Qualified IPO, FGS, that are, in either case, allocable to the Company in connection with the Qualified
IPO from the period commencing on July 9, 2020 through and including February 28, 2022.

 

“Receipts”
has the meaning set forth in Section 2.12(a).

 

“Recipient”
means Administrative Agent, L/C Issuer, Swing Line Lender, or any Lender, as applicable.

 

    CREDIT AGREEMENT – Page 42

     

    

 

“Reference Time”
means, with respect to any setting of the then-current Benchmark, (a) if such Benchmark is USD LIBOR, 11:00 a.m. (London time) on the
day that is two London banking days preceding the date of such setting, and (b) if such Benchmark is not USD LIBOR, the time determined
by the Administrative Agent in its reasonable discretion.

 

“Register”
means a register for the recordation of the names and addresses of Lenders, and the Commitments of, and principal amounts of and stated
interest on the Loans owing to, each Lender pursuant to the terms hereof from time to time.

 

“Related Indebtedness”
means any and all indebtedness paid or payable by any Borrower or any other Loan Party to Administrative Agent or any Lender pursuant
to any Loan Document other than any Note.

 

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

 

“Release”
means, as to any Person, any release, spill, emission, leaking, pumping, injection, deposit, disposal, disbursement, leaching, or migration
of Hazardous Materials into the indoor or outdoor environment or into or out of Property owned by such Person, including, without limitation,
the movement of Hazardous Materials through or in the air, soil, surface water, ground water, or Property.

 

“Release Date”
means the last to occur of the dates on which Liens securing the Obligations may be released pursuant to Section 10.9(a)(i)(x).

 

“Relevant Governmental
Body” means the Board of Governors or the Federal Reserve Bank of New York, or a committee officially endorsed or convened
by the Board of Governors or the Federal Reserve Bank of New York, or any successor thereto.

 

“Remedial Action”
means all actions required to (a) clean up, remove, treat, or otherwise address Hazardous Materials in the indoor or outdoor environment,
(b) prevent the Release or threat of Release or minimize the further Release of Hazardous Materials so that they do not migrate or
endanger or threaten to endanger public health or welfare or the indoor or outdoor environment, or (c) perform pre-remedial studies
and investigations and post-remedial monitoring and care.

 

“Removal Effective
Date” has the meaning set forth in Section 10.6(b).

 

“Rent Reserve”
means, with respect to any facility, warehouse distribution center, regional distribution center or depot where any Inventory subject
to Liens arising by operation of law is located and with respect to which no Collateral Access Agreement is in effect, a reserve equal
to (a) in the case of any leased location, all rent, charges and fees scheduled or customarily falling due for payment during a three
(3) month period at such facility, warehouse distribution center, regional distribution center or depot where any Inventory (including
any Generator Units and Field Units) are stored or located, and (b) in the case of any other location, an amount determined by Administrative
Agent in its sole discretion in respect of liabilities owed to the applicable consignee, bailee, processor or warehouseman.

 

    CREDIT AGREEMENT – Page 43

     

    

 

“Replacement Rate”
has the meaning set forth in Section 3.3(b).

 

“Reportable Event”
means any of the events set forth in Section 4043 of ERISA.

 

“Required Lenders”
means, as of any date of determination, Lenders holding more than 66 2/3% of the sum of the (a) the Revolving Credit Exposure of
all Lenders (with the aggregate amount of each Lender’s risk participation and funded participation in L/C Obligations and Swing
Line Loans being deemed “held” by such Lender for purposes of this definition) and (b) aggregate unused Commitments;
provided that, if one Lender holds more than 66 2/3% but less than 100% of the sum of the Revolving Credit Exposure and the unused
Commitments at such time, subject to the last sentence of Section 11.10, Required Lenders shall be at least two Lenders.
The unused Commitment of, and the portion of the Revolving Credit Exposure of all Lenders held or deemed held by, any Defaulting Lender
shall be excluded for purposes of making a determination of Required Lenders.

 

“Resignation Effective
Date” has the meaning set forth in Section 10.6(a).

 

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

 

“Responsible Officer”
means the chief executive officer, president, chief financial officer, vice president, vice president of finance or treasurer of a Loan
Party (or the chief executive officer, president, chief financial officer, vice president, vice president of finance or treasurer of the
general partner or managing member of a Loan Party, as applicable); solely for purposes of the delivery of incumbency certificates pursuant
to Section 4.1, the secretary or assistant secretary of a Loan Party (or the secretary or any assistant secretary of the
general partner or managing member of a Loan Party, as applicable) or any Person designated by a Responsible Officer to act on behalf
of a Responsible Officer; provided that such designated Person may not designate any other Person to be a Responsible Officer.
Any document delivered hereunder that is signed by a Responsible Officer of an Loan Party shall be conclusively presumed to have been
authorized by all necessary corporate, partnership and/or other action on the part of such Person and such Responsible Officer shall be
conclusively presumed to have acted on behalf of such Loan Party.

 

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

 

“Revolving Credit
Borrowing” means a borrowing consisting of simultaneous Revolving Credit 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 2.1(a).

 

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

 

    CREDIT AGREEMENT – Page 44

     

    

 

“Revolving Credit
Facility” means, at any time, the aggregate amount of the Lenders’ Commitments at such time.

 

“Revolving Credit
Loan” has the meaning set forth in Section 2.1(a).

 

“RICO”
means the Racketeer Influenced and Corrupt Organization Act of 1970.

 

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

 

“Sanctioned Person”
means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by OFAC, the U.S. Department
of State or by the United Nations Security Council, the European Union, any European Union member state or Her Majesty’s Treasury
of the United Kingdom, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person controlled by any such
Person or Persons, in each case, to the extent dealings are prohibited or restricted with such Person under Sanctions.

 

“Sanctions”
means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by the U.S. government (including
those administered by OFAC or the U.S. Department of State), the Canadian government (including those administered by the Department of
Foreign Affairs, Trade and Development and Public Safety Canada), the United Nations Security Council, the European Union, any European
Union member state or Her Majesty’s Treasury of the United Kingdom, or other relevant sanctions authority.

 

“SEC”
means the Securities and Exchange Commission or any successor Governmental Authority.

 

“Second Amendment”
means that certain Second Amendment to Credit Agreement dated as of August 28, 2020, by and among the Company, the other Borrowers and
the other Loan Parties party thereto, the Administrative Agent and the Lenders party thereto.

 

“Secured Parties”
means the collective reference to Administrative Agent, each Lender, L/C Issuer, Swing Line Lender, each Bank Product Provider, and any
other Person the Obligations owing to which are, or are purported to be, secured by the Collateral under the terms of the Security Documents.

 

“Security Agreements”
means, collectively, (a) the U.S. Security Agreement and (b) the Canadian Security Agreement.

 

“Security Documents”
means (a) the Security Agreements, (b) the Control Agreements, (c) the Intercreditor Agreement, (d) the Parent Pledge Agreement and (e)
every mortgage, security agreement, pledge agreement, mortgage, deed of trust, control agreement or other collateral security agreement
required by or delivered to Administrative Agent from time to time that purport to create a Lien in favor of any of the Secured Parties
to secure payment or performance of the Obligations or any portion thereof.

 

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

 

    CREDIT AGREEMENT – Page 45

     

    

 

“SOFR”
means, with respect to any Business Day, a rate per annum equal to the secured overnight financing rate for such Business Day published
by the SOFR Administrator on the SOFR Administrator’s Website at approximately 8:00 a.m. (New York City time) on the immediately
succeeding Business Day.

 

“SOFR Administrator”
means the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate).

 

“SOFR Administrator’s
Website” means the website of the Federal Reserve Bank of New York, currently at http://www.newyorkfed.org, or any successor
source for the secured overnight financing rate identified as such by the SOFR Administrator from time to time.

 

“Specified EBITDA
Equity Contribution” means any direct or indirect investment in the Company to cure a breach of Section 8.1
or Section 8.2 pursuant to Section 9.3 (and designated in writing at or about the time made as being
a Specified EBITDA Equity Contribution) in cash in the form of a capital contribution (including the purchase of common Equity Interests
issued by Company), directly or indirectly, to Company or the purchase of common Equity Interests issued by Parent (or other Equity Interests
issued by Parent and reasonably acceptable to Administrative Agent, but not Disqualified Equity Interests) and the proceeds thereof distributed
to Company.

 

“Statutory Reserve
Rate” means a fraction (expressed as a decimal), the numerator of which is the number one (1) and the denominator of which
is the number one (1) minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental
reserves) expressed as a decimal established by the Board of Governors to which Administrative Agent is subject with respect to the Eurodollar
Rate, for eurocurrency funding (currently referred to as “Eurocurrency liabilities” in Regulation D of the Board of Governors).
Such reserve percentages shall include those imposed pursuant to such Regulation D. Eurodollar Rate Loans shall be deemed to constitute
eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets
that may be available from time to time to any Lender under such Regulation D or any comparable regulation. The Statutory Reserve Rate
shall be adjusted automatically on and as of the effective date of any change in any reserve percentage.

 

“Subordinated
Lenders” means, collectively, at any time, the holders of the Parent Loan Notes.

 

“Subsidiary”
of a Person means a corporation, partnership, joint venture, limited liability company or other business entity of which a majority of
the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other
than securities or interests having such power only by reason of the happening of a contingency) are at the time beneficially owned, or
the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both, by such Person.
Unless otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary
or Subsidiaries of Company.

 

“Supported QFC”
has the meaning set forth in Section 11.32.

 

“Sureties”
has the meaning set forth in Section 12.3(b).

 

    CREDIT AGREEMENT – Page 46

     

    

 

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

 

“Swing Line Borrowing”
means a borrowing of a Swing Line Loan pursuant to Section 2.3.

 

“Swing Line Lender”
means Texas Capital Bank in its capacity as provider of Swing Line Loans, or any successor swing line lender hereunder.

 

“Swing Line Loan”
has the meaning set forth in Section 2.3(a).

 

“Swing Line Loan
Request” means a writing, substantially in the form of Exhibit F, or in such other form agreed to by the Borrower
Representative and Administrative Agent, properly completed and signed by the Borrower Representative, requesting a Swing Line Borrowing.

 

“Swing Line Sublimit”
means an amount equal to the greater of (a) $5,000,000 and (b) 10% the aggregate Commitments in effect at any time. The Swing Line Sublimit
is part of, and not in addition to, the Commitments.

 

“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.

 

“Tax Return”
means any return (including any information report), report, statement, schedule, notice, form, or other document or information filed
with or submitted to, or required to be filed with or submitted to, any Governmental Authority in connection with the determination, assessment,
collection, or payment of any Tax or in connection with the administration, implementation, or enforcement of any Tax.

 

“Term SOFR”
means, for the applicable Corresponding Tenor as of the applicable Reference Time, the forward-looking term rate based on SOFR that has
been selected or recommended by the Relevant Governmental Body.

 

“Texas Capital
Bank” means Texas Capital Bank, a Texas state-chartered bank, and its successors and assigns.

 

“Third Amendment”
means that certain Third Amendment to Credit Agreement dated as of the Third Amendment Effective Date, by and among the Company, Canadian
Borrower, the other Borrowers and the other Loan Parties party thereto, the Administrative Agent and the Lenders party thereto.

 

“Third Amendment Effective
Date” means December 22, 2020.

 

“Trigger
Period” means any period commencing on the first date on which (a) an Event of Default has occurred and is continuing
or (b) Availability plus the amount, if any, by which the Borrowing Base on such date exceeds the aggregate Commitments of the
Lenders then in effect, is less than the greater of (i) $3,500,000 and (ii) 10% of the aggregate Commitments then in effect, and
continuing until the date upon which both (A) Availability (and solely to the extent such Trigger Period commenced only as a result
of an event under subclause (b) above, plus the amount, if any, by which the Borrowing Base on such date exceeds the
aggregate Commitments of the Lenders then in effect) has been equal to or greater than the greater of (x) $3,500,000 and (y) 10% of
the aggregate Commitments then in effect, in each case, at all times during the preceding sixty (60) consecutive day period, and (B)
no Event of Default has occurred and is continuing during such sixty (60) consecutive day period.

 

    CREDIT AGREEMENT – Page 47

     

    

 

“Type”
means, with respect to a Loan, refers to whether such Loan is a Base Rate Loan or a Eurodollar Rate Loan, and, with respect to a Borrowing,
refers to whether such Borrowing is a Base Rate Borrowing or a Eurodollar Rate Borrowing.

 

“UCC”
means Chapters 1 through 11 of the Texas Business and Commerce Code.

 

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

 

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

 

“Unadjusted Benchmark
Replacement” means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.

 

“Unfinanced Capital
Expenditures” means, for any date of determination, Capital Expenditures of Company and its Subsidiaries made during the
trailing twelve (12) fiscal month period then ending on such date which are not financed from the proceeds of any Debt (other than the
Revolving Credit Loans); provided that, only twenty percent (20%) of the portion of Capital Expenditures made during such period
financed from the proceeds of Revolving Credit Loans which were exclusively used to acquire or construct any New Generator Units after
January 31, 2019 shall be deemed to be Unfinanced Capital Expenditures; provided, further that in no event shall the amount of Unfinanced
Capital Expenditures for any period be less than zero.

 

“Unfunded Pension
Liability” means the excess, if any, of (a) the funding target as defined under Section 430(d) of the Code
without regard to the special at-risk rules of Section 430(i) of the Code, over (b) the value of plan assets as defined under
Section 430(g)(3)(A) of the Code determined as of the last day of each plan year, without regard to the averaging which may
be allowed under Section 430(g)(3)(B) of the Code and reduced for any prefunding balance or funding standard carryover balance
as defined and provided for in Section 430(f) of the Code.

 

“Unreimbursed
Amount” has the meaning set forth in Section 2.2(c)(i).

 

“U.S.”
or “United States” means the United States of America.

 

    CREDIT AGREEMENT – Page 48

     

    

 

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

 

“U.S. Security
Agreement” means that certain Pledge and Security Agreement (including any and all supplements thereto), dated as of the
Closing Date, among the Loan Parties (other than Canadian Borrower) and Administrative Agent, for the benefit of Administrative Agent
and the other Secured Parties, and any other pledge or security agreement entered into, after the date of this Agreement by any other
Loan Party (as required by this Agreement or any other Loan Document, but excluding Canadian Borrower) or any other Person (other than
Canadian Borrower) for the benefit of Administrative Agent and the other Secured Parties, as the same may be amended, restated, supplemented
or otherwise modified from time to time

 

“U.S. Special
Resolution Regimes” has the meaning set forth in Section 11.32.

 

“U.S. Tax Compliance
Certificate” has the meaning specified in Section 3.4(g)(ii)(B)(3).

 

“USD LIBOR”
means the London interbank offered rate for Dollars.

 

“Withholding Agent”
means each of the Loan Parties and Administrative Agent.

 

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

 

Section 1.2           
Accounting Matters.

 

(a)               Generally.
All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data
(including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared
in conformity with, GAAP applied on a consistent basis, as in effect from time to time, applied in a manner consistent with that
used in preparing the audited financial statements described in Section 5.2, except as otherwise specifically
prescribed herein. Notwithstanding the foregoing or anything to the contrary herein, (i) for purposes of determining compliance with
any covenant (including the computation of any Financial Covenant) contained herein, Debt of Company and its Subsidiaries shall be
deemed to be carried at 100% of the outstanding principal amount thereof, and the effects of FASB ASC 825 on financial liabilities
shall be disregarded and (ii) any lease that is treated as an operating lease for purposes of GAAP as of December 15, 2018 shall
continue to be treated as an operating lease (and any future lease, if it were in effect on December 15, 2018, that would be treated
as an operating lease for purposes of GAAP as of December 15, 2018 shall be treated as an operating lease), in each case for
purposes of this Agreement, notwithstanding any change in GAAP after December 15, 2018.

 

    CREDIT AGREEMENT – Page 49

     

    

 

(b)              
Changes in GAAP. If at any time any change in GAAP would affect the computation of any financial ratio or requirement set
forth herein, and either the Borrower Representative or the Required Lenders shall so request, Administrative Agent, Lenders and the Borrower
Representative shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such
change in GAAP (subject to the approval of the Required Lenders); provided that, until so amended, (i) such ratio or requirement
shall continue to be computed in accordance with GAAP prior to such change therein and (ii) the Borrower Representative shall provide
to Administrative Agent and 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.

 

Section 1.3           
ERISA Matters. If, after the date hereof, there shall occur, with respect to ERISA, the adoption of any applicable
Law, rule, or regulation, or any change therein, or any change in the interpretation or administration thereof by the PBGC or any other
Governmental Authority, then either the Borrower Representative or Required Lenders may request a modification to this Agreement solely
to preserve the original intent of this Agreement with respect to the provisions hereof applicable to ERISA, and the parties to this
Agreement shall negotiate in good faith to complete such modification.

 

Section 1.4           
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.

 

Section 1.5           
Other Definitional Provisions. All definitions contained in this Agreement are equally applicable to the singular
and plural forms of the terms defined. The words “hereof”, “herein”, and “hereunder” and words of
similar import referring to this Agreement refer to this Agreement as a whole and not to any particular provision of this Agreement.
Unless otherwise specified, 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. Terms used herein that
are defined in the UCC or the PPSA, as applicable, unless otherwise defined herein, shall have the meanings specified in the UCC or the
PPSA, as applicable. Any definition of or reference to any agreement, instrument or other 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). 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. Words denoting
gender shall be construed to include the masculine, feminine and neuter, when such construction is appropriate; specific enumeration
shall not exclude the general but shall be constructed as cumulative; the word “or” is not exclusive; the word
 “including” (in its various forms) means “including, without limitation”; in the
computation of periods of time, the word “from” means “from and including” and the
words “to” and “until” mean “to but excluding”; and all
references to money refer to the legal currency of the U.S.

 

Section 1.6           
Interpretative Provision. For purposes of Section 9.1, a breach of a Financial Covenant shall
be deemed to have occurred as of any date of determination thereof by Borrowers or the Required Lenders or as of the last date of any
specified measurement period, regardless of when the financial statements or the Compliance Certificate reflecting such breach are delivered
to Administrative Agent.

 

Section 1.7          
Times of Day. Unless otherwise specified, all references herein to times of day shall be references to central
time (daylight or standard, as applicable).

 

Section 1.8           
Other Loan Documents. The other Loan Documents, including the Security Documents, contain representations, warranties,
covenants, defaults and other provisions that are in addition to and not limited by, or a limitation of, similar provisions of this Agreement.
Such provisions in such other Loan Documents may be different or more expansive than similar provisions of this Agreement and neither
such differences nor such more expansive provisions shall be construed as a conflict.

 

Section 1.9           
Divisions. For all purposes under the Loan Documents, in connection with any division or plan of division under
Delaware law (or any comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability
of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred
from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to
have been organized on the first date of its existence by the holders of its Equity Interests at such time.

 

    CREDIT AGREEMENT – Page 50

     

    

 

Section 1.10       
Rates. The interest rate on Eurodollar Rate Loans and Base Rate Loans (when determined by reference to clause
(c) of the definition of Base Rate) is determined by reference to USD LIBOR, which is derived from the London interbank offered rate.
The London interbank offered rate is intended to represent the rate at which contributing banks may obtain short-term borrowings from
each other in the London interbank market. On March 5, 2021, ICE Benchmark Administration (the “IBA”), the
administrator of the London interbank offered rate, and the Financial Conduct Authority (the “FCA”), the regulatory
supervisor of the IBA, announced in public statements (the “Announcements”) that the final publication or representativeness
date for the London interbank offered rate for dollars for: (a) 1-week and 2-month tenor settings will be December 31, 2021 and (b) overnight,
1-month, 3-month, 6-month and 12-month tenor settings will be June 30, 2023. No successor administrator for the IBA was identified in
such Announcements. As a result, it is possible that commencing immediately after such dates, the London interbank offered rate for such
tenors may no longer be available or may no longer be deemed a representative reference rate upon which to determine the interest rate
on Eurodollar Rate Loans or Base Rate Loans (when determined by reference to clause (c) of the definition of Base Rate). There is no
assurance that the dates set forth in the Announcements will not change or that the IBA or the FCA will not take further action that
could impact the availability, composition or characteristics of any London interbank offered rate. Public and private sector industry
initiatives have been and continue, as of the date hereof, to be underway to implement new or alternative reference rates to be used
in place of the London interbank offered rate. In the event that the London interbank offered rate or any other then-current Benchmark
is no longer available or in certain other circumstances set forth in Section 3.3, such Section 3.3 provides
a mechanism for determining an alternative rate of interest. The Administrative Agent will notify the Borrower Representative, pursuant
to Section 3.3, of any change to the reference rate upon which the interest rate on Eurodollar Rate Loans and Base Rate
Loans (when determined by reference to clause (c) of the definition of Base Rate) is based. However, the Administrative Agent does not
warrant or accept any responsibility for, and shall not have any liability with respect to, (i) the continuation of, administration of,
submission of, calculation of or any other matter related to the London interbank offered rate or other rates in the definition of “Eurodollar
Rate” or with respect to any alternative, successor, or replacement rate thereto (including any then-current Benchmark or any Benchmark
Replacement), including whether the composition or characteristics of any such alternative, successor or replacement rate (including
any Benchmark Replacement), as it may or may not be adjusted pursuant to Section 3.3, will be similar to, or produce the
same value or economic equivalence of, USD LIBOR or any other Benchmark, or have the same volume or liquidity as did the London interbank
offered rate or any other Benchmark prior to its discontinuance or unavailability, or (ii) the effect, implementation or composition
of any Benchmark Replacement Conforming Changes. The Administrative Agent and its Affiliates or other related entities may engage in
transactions that affect the calculation of a Benchmark, any alternative, successor or replacement rate (including any Benchmark Replacement)
or any relevant adjustments thereto and such transactions may be adverse to the Borrowers. The Administrative Agent may select information
sources or services in its reasonable discretion to ascertain any Benchmark, any component definition thereof or rates referenced in
the definition thereof, in each case pursuant to the terms of this Agreement, and shall have no liability to the Borrowers, any Lender
or any other person or entity for damages of any kind, including direct or indirect, special, punitive, incidental or consequential damages,
costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any error or calculation of any
such rate (or component thereof) provided by any such information source or service.

 

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

 

Article 2.

 

THE
COMMITMENTS AND CREDIT EXTENSIONS

 

Section 2.1           
The Loans.

 

(a)               Revolving
Credit Borrowings. Subject to the terms and conditions of this Agreement, each Lender severally agrees to make one or more
revolving credit loans (each such loan, a “Revolving Credit Loan”) to Borrowers from time to time from the
Closing Date until the Maturity Date in an aggregate principal amount for such Lender at any time outstanding up to but not
exceeding the amount of such Lender’s Commitment, provided that the Revolving Credit Exposure of all Lenders shall not
exceed the lesser of (i) the aggregate amount of the Commitments of the Lenders and (ii) the Borrowing Base. Subject to
the foregoing limitations, and the other terms and provisions of this Agreement, Borrowers may borrow, repay, and reborrow Revolving
Credit Loans hereunder.

 

(b)              
Borrowing Procedure. Each Revolving Credit Borrowing, each conversion of a Borrowing from one Type to the other, and each
continuation of a Eurodollar Rate Borrowing shall be made upon the Borrower Representative’s irrevocable notice to Administrative
Agent, which may be given by telephone. Each such notice must be received by Administrative Agent not later than 11:00 a.m. (i) three
(3) Business Days prior to the requested date of any Borrowing of, conversion to or continuation of a Eurodollar Rate Borrowing or of
any conversion of a Eurodollar Rate Borrowing to a Base Rate Borrowing, and (ii) on the requested date of any Base Rate Borrowing.
Each telephonic notice by the Borrower Representative pursuant to this Section 2.1(b) must be confirmed promptly by
delivery to Administrative Agent of a written Borrowing Request, appropriately completed and signed by a Responsible Officer of the Borrower
Representative. Each Borrowing of, conversion to or continuation of a Eurodollar Rate Borrowing shall be in a principal amount of $250,000
or a whole multiple of $50,000 in excess thereof. Except as provided in Sections 2.2(c) and 2.3(c), each
Borrowing of or conversion to a Base Rate Borrowing shall be in a principal amount of $250,000 or a whole multiple of $50,000 in excess
thereof; provided that a Base Rate Borrowing may be in an amount equal to Availability. Each Borrowing Request (whether telephonic
or written) shall specify (A) whether the Borrower Representative is requesting a Revolving Credit Borrowing, a conversion of Borrowings
from one Type to the other, or a continuation of Borrowings, (B) the requested date of the Borrowing, conversion or continuation,
as the case may be (which shall be a Business Day), (C) the principal amount of Borrowings to be borrowed, converted or continued,
(D) the Type of Borrowings to be borrowed or to which existing Borrowings are to be converted, and (E) if applicable, the duration
of the Interest Period with respect thereto. If the Borrower Representative fails to specify a Type of Borrowing in a Borrowing Request
or if the Borrower Representative fails to give a timely notice requesting a conversion or continuation, then the applicable Borrowing
shall be made as, or converted to, a Base Rate Borrowing. Any such automatic conversion to Base Rate Borrowings shall be effective as
of the last day of the Interest Period then in effect with respect to the applicable Eurodollar Rate Borrowing. If the Borrower Representative
requests a Borrowing of, conversion to, or continuation of a Eurodollar Rate Borrowing in any such Borrowing Request, but fails to specify
an Interest Period, it will be deemed to have specified an Interest Period of one (1) month.

 

(c)               Funding.
Following receipt of a Borrowing Request, Administrative Agent shall promptly notify each Lender of the amount of its Applicable
Percentage of the applicable Borrowing, and if no timely notice of a conversion or continuation is provided by the Borrower
Representative, Administrative Agent shall notify each Lender of the details of any automatic conversion to Base Rate Borrowing as
described in Section 2.1(b). In the case of a Revolving Credit Borrowing, each Lender shall make the amount of
its Loan available to Administrative Agent in immediately available funds at Administrative Agent’s Principal Office not later
than 1:00 p.m. on the Business Day specified in the applicable Borrowing Request. Upon satisfaction of the applicable conditions set
forth in Section 4.2 (and, if such Borrowing is the initial Credit Extension, Section 4.1),
Administrative Agent shall make all funds so received available to the applicable Borrower in like funds as received by
Administrative Agent either by (i) crediting the account of the applicable Borrower on the books of Texas Capital Bank 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) Administrative Agent by the Borrower Representative; provided, however, that if, on the date
the Borrowing Request with respect to such Borrowing is given by the Borrower Representative, there are L/C Borrowings outstanding,
then the proceeds of such Borrowing, first, shall be applied to the payment in full of any such L/C Borrowings, and second,
shall be made available to the applicable Borrower as provided above.

 

    CREDIT AGREEMENT – Page 51

     

    

 

(d)           Continuations
and Conversions. Except as otherwise provided herein, a Eurodollar Rate Borrowing may be continued or converted only on the last
day of an Interest Period for such Eurodollar Rate Borrowing. During the existence of a Default, (i) no Loans may be requested as,
converted to or continued as Eurodollar Rate Borrowings without the consent of the Required Lenders and (ii) unless repaid, each
Eurodollar Rate Borrowing shall be converted to a Base Rate Borrowing at the end of the Interest Period applicable thereto.

 

(e)           Notifications. Administrative Agent shall promptly notify the Borrower Representative and Lenders of the interest rate applicable
to any Interest Period for Eurodollar Rate Borrowings upon determination of such interest rate. At any time that Base Rate Borrowings
are outstanding, Administrative Agent shall notify the Borrower Representative and Lenders of any change in Texas Capital Bank’s
prime rate used in determining the Base Rate promptly following the public announcement of such change.

 

(f)            Interest
Periods. After giving effect to all Borrowings, all conversions of Borrowings from one Type to the other, and all continuations of
Borrowings as the same Type, there shall not be more than five (5) Interest Periods in effect with respect to Eurodollar Rate Borrowings.

 

Section 2.2           
Letters of Credit.

 

(a)           The Letter of Credit Commitment.

 

(i)                 Subject
to the terms and conditions set forth herein, (A) L/C Issuer agrees, in reliance upon the agreements of the Lenders set forth
in this Section 2.2, (1) from time to time on any Business Day during the period from the Closing Date until
the Letter of Credit Expiration Date, to issue Letters of Credit for the account of any Borrower, 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) Lenders severally agree to participate in Letters of Credit issued for the account of any Borrower
and any drawings thereunder; provided that immediately after giving effect to any L/C Credit Extension with respect to any
Letter of Credit, (x) the Revolving Credit Exposure of all Lenders shall not exceed the lesser of (I) the aggregate amount of the
Commitments of the Lenders and (II) the Borrowing Base, in each case in effect at such time, (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 the Borrower Representative for the issuance or amendment of a Letter of
Credit shall be deemed to be a representation by Borrowers 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 Borrower’s ability to obtain Letters of Credit shall be fully revolving, and accordingly Borrowers may, during the
foregoing period, obtain Letters of Credit to replace Letters of Credit that have expired or that have been drawn upon and
reimbursed.

 

    CREDIT AGREEMENT – Page 52

     

    

 

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

 

(A)            
subject to Section 2.2(b)(iii), the expiry date of the requested Letter of Credit would occur more than twelve
(12) months after the date of issuance or last extension, unless 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 Lenders have
approved such expiry date.

 

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

 

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

 

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

 

(C)             
except as otherwise agreed by Administrative Agent and L/C Issuer, the Letter of Credit is in an initial stated amount less than
$50,000;

 

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

 

    CREDIT AGREEMENT – Page 53

     

    

 

(E)             
 any Lender is at that time a Defaulting Lender, unless L/C Issuer has entered into arrangements, including the delivery of Cash
Collateral, satisfactory to L/C Issuer (in its sole discretion) with Borrowers or such Lender to eliminate L/C Issuer’s actual or
potential Fronting Exposure (after giving effect to Section 11.22(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 L/C Issuer
has actual or potential Fronting Exposure, as it may elect in its sole discretion; or

 

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

 

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

 

(vi)         
L/C Issuer shall act on behalf of Lenders with respect to any Letters of Credit issued by it and the documents associated therewith,
and L/C Issuer shall have all of the benefits and immunities (A) provided to Administrative Agent in Article 10
with respect to any acts taken or omissions suffered by 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 10 included L/C Issuer with respect to such acts or omissions, and (B) as additionally provided herein
with respect to L/C Issuer.

 

(b)           Procedures for Issuance and Amendment of Letters of Credit.

 

(i)            Each
Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower Representative delivered to L/C
Issuer (with a copy to Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a
Responsible Officer of the Borrower Representative. 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 L/C Issuer, by personal delivery or by any other
means acceptable to L/C Issuer. Such Letter of Credit Application must be received by L/C Issuer and Administrative Agent not later
than 11:00 a.m. at least two (2) Business Days (or such later date and time as Administrative Agent and 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 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 L/C Issuer may require. In the case of a request for an amendment of any
outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to L/C Issuer
(1) the Letter of Credit to be amended; (2) the proposed date of amendment thereof (which shall be a Business Day);
(3) the nature of the proposed amendment; and (4) such other matters as L/C Issuer may require. Additionally, the Borrower
Representative shall furnish to L/C Issuer and Administrative Agent such other documents and information pertaining to such
requested Letter of Credit issuance or amendment, including any Issuer Documents, as L/C Issuer or Administrative Agent may
require.

 

    CREDIT AGREEMENT – Page 54

     

    

 

(ii)           Promptly
after receipt of any Letter of Credit Application, L/C Issuer will confirm with Administrative Agent (by telephone or in writing) that
Administrative Agent has received a copy of such Letter of Credit Application from the Borrower Representative and, if not, L/C Issuer
will provide Administrative Agent with a copy thereof. Unless L/C Issuer has received written notice from Administrative Agent or any
Loan Party, at least one (1) 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 4 shall not then be satisfied, then, subject to the terms and
conditions hereof, L/C Issuer shall, on the requested date, issue a Letter of Credit for the account of the applicable Borrower or enter
into the applicable amendment, as the case may be, in each case in accordance with 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 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.

 

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

 

(c)           Drawings
and Reimbursements; Funding of Participations.

 

(i)            Upon
receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, L/C Issuer shall notify
the Borrower Representative and Administrative Agent thereof. Not later than 11:00 a.m. on the date of any payment by L/C Issuer under
a Letter of Credit (each such date, an “Honor Date”), Borrowers shall reimburse L/C Issuer through Administrative
Agent in an amount equal to the amount of such drawing. If Borrowers fail to so reimburse L/C Issuer by such time, 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, Borrowers shall be deemed to have requested a Revolving
Credit Borrowing to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, subject to the amount of Availability
and the conditions set forth in Section 4.2 (other than the delivery of a Borrowing Request). Any notice given by
L/C Issuer or Administrative Agent pursuant to this Section 2.2(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.

 

    CREDIT AGREEMENT – Page 55

     

    

 

(ii)           Each
Lender shall upon any notice pursuant to Section 2.2(c)(i) make funds available (and Administrative Agent may apply
Cash Collateral provided for this purpose) for the account of L/C Issuer at Administrative Agent’s Principal 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
Administrative Agent, whereupon, subject to the provisions of Section 2.2(c)(iii), each Lender that so makes
funds available shall be deemed to have made a Revolving Credit Loan (or, if the conditions set forth in Section 4.2 are
not satisfied, an L/C Borrowing as further described in clause (iii) below) to Borrowers in such amount. Administrative
Agent shall remit the funds so received to L/C Issuer.

 

(iii)          With
respect to any Unreimbursed Amount that is not fully refinanced by a Revolving Credit Borrowing because the conditions set forth in Section 4.2
cannot be satisfied or for any other reason, Borrowers shall be deemed to have incurred from 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 Interest Rate. In such event, each Lender’s payment to Administrative Agent for the account
of L/C Issuer pursuant to Section 2.2(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 2.2.

 

(iv)          Until
each Lender funds its Revolving Credit Loan or L/C Advance pursuant to this Section 2.2(c) to reimburse 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 L/C Issuer.

 

(v)           Each
Lender’s obligation to make Revolving Credit Loans or L/C Advances to reimburse L/C Issuer for amounts drawn under Letters of Credit,
as contemplated by this Section 2.2(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 L/C Issuer, Borrowers
or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default, or (C) any other occurrence,
event or condition, whether or not similar to any of the foregoing; provided, however, that each Lender’s obligation
to make Revolving Credit Loans (but not its obligation to fund it pro rata share of L/C Advances) pursuant to this Section 2.2(c)
is subject to the conditions set forth in Section 4.2 (other than delivery by the Borrower Representative
of a Borrowing Request). No such making of an L/C Advance shall relieve or otherwise impair the obligation of Borrowers to reimburse
L/C Issuer for the amount of any payment made by L/C Issuer under any Letter of Credit, together with interest as provided herein.

 

    CREDIT AGREEMENT – Page 56

     

    

 

(vi)          If any Lender fails to make available to Administrative Agent for the account of L/C Issuer any amount required to be paid by such
Lender pursuant to the foregoing provisions of this Section 2.2(c) by the time specified in Section 2.2(c)(ii),
then, without limiting the other provisions of this Agreement, L/C Issuer shall be entitled to recover from such Lender (acting through
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 L/C Issuer at a rate per annum equal to the greater of the Federal Funds Rate and a
rate determined by L/C Issuer in accordance with banking industry rules on interbank compensation, plus any administrative, processing
or similar fees customarily charged by 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 Credit Loan included in the relevant Revolving Credit
Borrowing or L/C Advance in respect of the relevant L/C Borrowing, as the case may be. A certificate of L/C Issuer submitted to any Lender
(through 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 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 2.2(c), if Administrative Agent receives for the account of
L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from Borrowers or otherwise,
including proceeds of Cash Collateral applied thereto by Administrative Agent), Administrative Agent will distribute to such Lender its
Applicable Percentage thereof in the same funds as those received by Administrative Agent.

 

(ii)           If
any payment received by Administrative Agent for the account of L/C Issuer pursuant to Section 2.2(c)(i) is
required to be returned under any of the circumstances described in Section 11.24 (including pursuant to any
settlement entered into by L/C Issuer in its discretion), each Lender shall pay to Administrative Agent for the account of L/C
Issuer its Applicable Percentage thereof on demand of 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 Lenders under this clause shall survive the payment in full of the Obligations and the termination
of this Agreement.

 

    CREDIT AGREEMENT – Page 57

     

    

 

(e)           Obligations
Absolute. The obligation of Borrowers to reimburse 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 Borrower or any Subsidiary may have at any time against
any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be
acting), 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 L/C Issuer of any requirement that exists for L/C Issuer’s protection and not the protection of a Borrower or any waiver by
L/C Issuer which does not in fact materially prejudice such Borrower;

 

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

 

(vi)          any
payment made by 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, PPSA
or the ISP, as applicable;

 

(vii)         any
payment by 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 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

 

    CREDIT AGREEMENT – Page 58

     

    

 

(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 Borrower or any Subsidiary.

 

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

 

(f)            Role
of L/C Issuer. Each Lender and each Borrower agree that, in paying any drawing under a Letter of Credit, 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 L/C Issuer, Administrative Agent, any of their respective Related Parties nor any correspondent, participant
or assignee of 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 Required Lenders; (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 Borrower hereby assumes all risks of the acts or omissions of any beneficiary or transferee with respect to
its use of any Letter of Credit; provided, however, that this assumption is not intended to, and shall not, preclude such
Borrower’s pursuing such rights and remedies as it may have against the beneficiary or transferee at law or under any other agreement.
None of L/C Issuer, Administrative Agent, any of their respective Related Parties nor any correspondent, participant or assignee of L/C
Issuer shall be liable or responsible for any of the matters described in clauses (i) through (viii)
of Section 2.2(e); provided, however, that anything in such clauses to the contrary notwithstanding,
each Borrower may have a claim against L/C Issuer, and L/C Issuer may be liable to such Borrower, to the extent, but only to the extent,
of any direct, as opposed to consequential or exemplary, damages suffered by such Borrower which such Borrower proves were directly caused
by L/C Issuer’s willful misconduct or gross negligence or 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, 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 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. L/C Issuer may send a Letter of Credit or conduct any communication to or from the beneficiary via the Society for Worldwide
Interbank Financial Telecommunication message or overnight courier, or any other commercially reasonable means of communicating with
a beneficiary.

 

    CREDIT AGREEMENT – Page 59

     

    

 

(g)           Applicability of ISP; Limitation of Liability. Unless otherwise expressly agreed by L/C Issuer and the applicable Borrower
when a Letter of Credit is issued,  the rules of the ISP shall apply to each standby Letter of Credit. Notwithstanding the foregoing,
L/C Issuer shall not be responsible to any Borrower for, and L/C Issuer’s rights and remedies against such Borrower shall not be
impaired by, any action or inaction of 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 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 or other Issuer Document chooses such Law or practice.

 

(h)           Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. Borrowers shall pay directly to L/C Issuer for
its own account a fronting fee at the rate per annum separately agreed between applicable Borrower and L/C Issuer, computed on the daily
amount available to be drawn under such Letter of Credit and payable on a quarterly basis in arrears. Such fronting fee shall be due and
payable on the first 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 1.4.
In addition, Borrowers shall pay directly to L/C Issuer for its own account the customary issuance, presentation, amendment and other
processing fees, and other standard costs and charges, of 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.

 

(i)            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.

 

Section 2.3           
Swing Line Loans.

 

(a)           The
Swing Line. Subject to the terms and conditions set forth herein, Swing Line Lender, in reliance upon the agreements of the
other Lenders set forth in this Section 2.3, may in its sole discretion make loans (each such loan, a
 “Swing Line Loan”) to any Borrower from time to time on any Business Day during the period from the
Closing Date to the Maturity Date in an aggregate amount not to exceed at any time outstanding the amount of the Swing Line
Sublimit, notwithstanding the fact that such Swing Line Loans, when aggregated with the Applicable Percentage of the Outstanding
Amount of Revolving Credit Loans and L/C Obligations of the Lender acting as Swing Line Lender, may exceed the amount of such
Lender’s Commitment; provided, however, that (i) immediately after giving effect to any Swing Line Loan,
(A) the Revolving Credit Exposure of all Lenders shall not exceed the lesser of (x) the aggregate amount of the Commitments of
the Lenders and (y) the Borrowing Base, in each case in effect at such time, and (B) except as provided above with respect to
the Swing Line Lender, the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Commitment, (ii) no
Borrower shall use the proceeds of any Swing Line Loan to refinance any outstanding Swing Line Loan, and (iii) Swing Line
Lender shall not be under any obligation to make any Swing Line Loan if it shall determine (which determination shall be in its sole
discretion) that it has, or by such Credit Extension may have, Fronting Exposure. Within the foregoing limits, and subject to the
other terms and conditions hereof, each Borrower may borrow under this Section 2.3, prepay under Section 2.9(b),
and reborrow under this Section 2.3. Each Swing Line Loan shall bear interest as a Base Rate Loan. Immediately
upon the making of a Swing Line Loan, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase
from Swing Line Lender a risk participation in such Swing Line Loan in an amount equal to the product of such Lender’s
Applicable Percentage times the amount of such Swing Line Loan.

 

    CREDIT AGREEMENT – Page 60

     

    

 

(b)           Borrowing
Procedures. Each Swing Line Borrowing shall be made upon the Borrower Representative’s irrevocable notice to Swing Line Lender
and Administrative Agent, which may be given by telephone. Each such notice must be received by Swing Line Lender and Administrative
Agent not later than 1:00 p.m. on the requested borrowing date, and shall specify (i) the amount to be borrowed, which shall be
a minimum of $100,000, and (ii) the requested borrowing date, which shall be a Business Day. Each such telephonic notice must be
confirmed promptly by delivery to Swing Line Lender and Administrative Agent of a written Swing Line Loan Request, appropriately completed
and signed by a Responsible Officer of the Borrower Representative. Any telephonic request for a Swing Line Loan by the Borrower Representative
shall be promptly confirmed by submission of a properly completed Swing Line Loan Request, signed by a Responsible Officer of the Borrower
Representative, to Swing Line Lender and Administrative Agent, but failure to deliver a Swing Line Loan Request shall not be a defense
to payment of any Swing Line Borrowing. Neither Swing Line Lender nor Administrative Agent shall have any liability to any Borrower for
any loss or damage suffered by such Borrower as a result of Swing Line Lender’s or Administrative Agent’s honoring of any
requests, execution of any instructions, authorizations or agreements or reliance on any reports communicated to it telephonically, by
facsimile or electronically and purporting to have been sent to Swing Line Lender or Administrative Agent by such Borrower and neither
Swing Line Lender nor Administrative Agent shall have any duty to verify the origin of any such communication or the identity or authority
of the Person sending it. Promptly after receipt by Swing Line Lender of any telephonic Swing Line Loan Request, Swing Line Lender will
confirm with Administrative Agent (by telephone or in writing) that Administrative Agent has also received such Swing Line Loan Request
and, if not, Swing Line Lender will notify Administrative Agent (by telephone or in writing) of the contents thereof. Unless Swing Line
Lender has received notice (by telephone or in writing) from Administrative Agent prior to 2:00 p.m. on the date of the proposed Swing
Line Borrowing (A) directing Swing Line Lender not to make such Swing Line Loan as a result of the limitations set forth in the
first proviso to the first sentence of Section 2.3(a), or (B) that one or more of the applicable conditions specified
in Article 4 is not then satisfied, then, subject to the terms and conditions hereof, Swing Line Lender may, not later
than 3:00 p.m. on the borrowing date specified in such Swing Line Loan Request, make the amount of its Swing Line Loan available to the
applicable Borrower at its office by crediting the account of such Borrower on the books of Swing Line Lender in immediately available
funds.

 

    CREDIT AGREEMENT – Page 61

     

    

 

(c)           Refinancing
of Swing Line Loans.

 

(i)            Swing
Line Lender at any time in its sole discretion may request, on behalf of Borrowers (which hereby irrevocably authorize Swing Line Lender
to so request on its behalf), that each Lender make a Revolving Credit Loan in an amount equal to such Lender’s Applicable Percentage
of the amount of Swing Line Loans then outstanding. Such request shall be made in writing (which written request shall be deemed to be
a Borrowing Request for purposes hereof) and in accordance with the requirements of Section 2.1, subject to Availability
and the conditions set forth in Section 4.2. Swing Line Lender shall furnish the Borrower Representative with a copy
of the applicable Borrowing Request promptly after delivering such notice to Administrative Agent. Each Lender shall make an amount equal
to its Applicable Percentage of the amount specified in such Borrowing Request available to Administrative Agent in immediately available
funds (and Administrative Agent may apply Cash Collateral available with respect to the applicable Swing Line Loan) for the account of
Swing Line Lender at Administrative Agent’s Principal Office not later than 1:00 p.m. on the day specified in such Borrowing Request,
whereupon, subject to Section 2.3(c)(ii), each Lender that so makes funds available shall be deemed to have made a
Revolving Credit Loan to Borrowers in such amount. Administrative Agent shall remit the funds so received to Swing Line Lender.

 

(ii)           If for any reason any Swing Line Loan cannot be refinanced by such a Revolving Credit Borrowing in accordance with Section 2.3(c)(i),
the request for Revolving Credit Loans submitted by Swing Line Lender as set forth herein shall be deemed to be a request by Swing Line
Lender that each Lender fund its risk participation in the relevant Swing Line Loan and each Lender’s payment to Administrative
Agent for the account of Swing Line Lender pursuant to Section 2.3(c)(i) shall be deemed payment in respect of such
participation.

 

(iii)          If
any Lender fails to make available to Administrative Agent for the account of Swing Line Lender any amount required to be paid by
such Lender pursuant to the foregoing provisions of this Section 2.3(c) by the time specified in Section 2.3(c)(i),
Swing Line Lender shall be entitled to recover from such Lender (acting through 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
Swing Line Lender at a rate per annum equal to the greater of the Federal Funds Rate and a rate determined by Swing Line Lender in
accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily
charged by Swing Line Lender in connection with the foregoing. If such Lender pays such amount (with interest and fees as
aforesaid), the amount so paid shall constitute such Lender’s Revolving Credit Loan included in the relevant Revolving Credit
Borrowing or funded participation in the relevant Swing Line Loan, as the case may be. A certificate of Swing Line Lender submitted
to any Lender (through Administrative Agent) with respect to any amounts owing under this clause (iii) shall be
conclusive absent manifest error.

 

    CREDIT AGREEMENT – Page 62

     

    

 

(iv)          Each Lender’s obligation to make Revolving Credit Loans or to purchase and fund risk participations in Swing Line Loans pursuant
to this Section 2.3(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 Swing Line Lender, Borrowers
or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default, or (C) any other occurrence,
event or condition, whether or not similar to any of the foregoing; provided, however, that each Lender’s obligation
to make Revolving Credit Loans pursuant to this Section 2.3(c) is subject to Availability and the conditions set forth
in Section 4.2. No such funding of risk participations shall relieve or otherwise impair the obligation of Borrowers
to repay Swing Line Loans, together with interest as provided herein.

 

(d)           Repayment
of Participations.

 

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

 

(ii)           If any payment received by Swing Line Lender in respect of principal or interest on any Swing Line Loan is required to be returned
by Swing Line Lender under any of the circumstances described in Section 11.24 (including pursuant to any settlement
entered into by Swing Line Lender in its discretion), each Lender shall pay to Swing Line Lender its Applicable Percentage thereof on
demand of Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned, at a rate per
annum equal to the Federal Funds Rate. Administrative Agent will make such demand upon the request of Swing Line Lender. The obligations
of Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

 

(e)           Interest for Account of Swing Line Lender. Swing Line Lender shall be responsible for invoicing Borrowers for interest on
the Swing Line Loans. Until each Lender funds its Revolving Credit Loan or risk participation pursuant to this Section 2.3
to refinance such Lender’s Applicable Percentage of any Swing Line Loan, interest in respect of such Applicable Percentage shall
be solely for the account of Swing Line Lender.

 

(f)            Payments
to Swing Line Lender or Lenders. Borrowers shall make all payments of principal and interest in respect of the Swing Line Loans to
Administrative Agent for the account of Swing Line Lender or Lenders, as applicable.

 

    CREDIT AGREEMENT – Page 63

     

    

 

Section 2.4           
Fees.

 

(a)           Fees. Borrowers agree to pay to Administrative Agent and Arranger, for the account of Administrative Agent, Arranger and
each Lender, as applicable, fees, in the amounts and on the dates set forth in any Fee Letter.

 

(b)           Letter
of Credit Fees. Borrowers shall pay to Administrative Agent for the account of each Lender in accordance, subject to Section 11.22,
with its Applicable Percentage a Letter of Credit fee (the “Letter of Credit Fee”) equal to the Applicable
Margin for Eurodollar Rate Loans 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 1.4. Letter of Credit Fees shall be (i) due and payable in arrears on the first day after the end of
each March, June, September and December, commencing with the first such date to occur after the issuance or renewal 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 Margin for Eurodollar Rate Loans during any quarter, the daily amount available to be drawn under each
standby Letter of Credit shall be computed and multiplied by the Applicable Margin for Eurodollar Rate Loan separately for each period
during such quarter that such Applicable Margin for Eurodollar Rate Loans was in effect. Notwithstanding anything to the contrary contained
herein while any Event of Default exists, all Letter of Credit Fees shall accrue at the Default Interest Rate.

 

(c)           Commitment
Fees. Borrowers agree to pay to Administrative Agent for the account of each Lender in accordance, subject to Section 11.22,
with its Applicable Percentage a commitment fee on the daily average unused amount of the Commitment of such Lender for the period from
and including the date of this Agreement to and including the Maturity Date (including at any time during which one or more of the conditions
in Article 4 is not met), at a rate equal to the applicable Commitment Fee Rate. For the purpose of calculating the
commitment fee hereunder, the Commitment of each Lender shall be deemed utilized by the amount of all outstanding Revolving Credit Loans
and L/C Obligations, but excluding the amount of any outstanding Swing Line Loans, owing to such Lender whether directly or by participation.
Accrued commitment fees shall be payable monthly in arrears on the first day of each and every calendar month during the terms of this
Agreement and on the Maturity Date.

 

Section 2.5           
Payments Generally; Administrative Agent’s Clawback.

 

(a)           General.
All payments of principal, interest, and other amounts to be made by any Borrower under this Agreement and the other Loan Documents shall
be made to Administrative Agent for the account of Administrative Agent, L/C Issuer, or Swing Line Lender or the pro rata accounts of
the applicable Lenders, as applicable, at the Principal Office in Dollars and immediately available funds, without setoff, deduction,
or counterclaim, and free and clear of all taxes at the time and in the manner provided herein. Payments by check or draft shall not
constitute payment in immediately available funds until the required amount is actually received by Administrative Agent in full. Payments
in immediately available funds received by Administrative Agent in the place designated for payment on a Business Day prior to 11:00
a.m. at such place of payment shall be credited prior to the close of business on the Business Day received, while payments received
by Administrative Agent on a day other than a Business Day or after 11:00 a.m. on a Business Day shall not be credited until the next
succeeding Business Day. If any payment of principal or interest on the Notes shall become due and payable on a day other than a Business
Day, then such payment shall be made on the next succeeding Business Day. Any such extension of time for payment shall be included in
computing interest which has accrued and shall be payable in connection with such payment. Administrative Agent is hereby authorized
upon notice to the Borrower Representative to charge the account of Borrowers maintained with Administrative Agent for each payment of
principal, interest and fees as it becomes due hereunder.

 

    CREDIT AGREEMENT – Page 64

     

    

 

(b)           Funding
by Lenders; Presumption by Administrative Agent. Unless Administrative Agent shall have received notice from a Lender that such Lender
will not make available to Administrative Agent such Lender’s share of a Borrowing, Administrative Agent may assume that such Lender
has made such share available on such date in accordance with this Agreement and may, in reliance upon such assumption, make available
to Borrowers a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing available
to Administrative Agent, then the applicable Lender and Borrowers severally agree to pay to Administrative Agent forthwith on demand
such corresponding amount with interest thereon, for each day from and including the date such amount is made available to Borrowers
to but excluding the date of payment to Administrative Agent, at (i) in the case of a payment to be made by such Lender, the greater
of the Federal Funds Rate and a rate determined by Administrative Agent in accordance with banking industry rules on interbank compensation,
and (ii) in the case of a payment to be made by Borrowers, the interest rate applicable to the applicable Borrowing. If Borrowers
and such Lender shall pay such interest to Administrative Agent for the same or an overlapping period, Administrative Agent shall promptly
remit to Borrowers the amount of such interest paid by Borrowers for such period. If such Lender pays its share of the applicable Borrowing
to Administrative Agent, then the amount so paid shall constitute such Lender’s Loan. Any payment by Borrowers shall be without
prejudice to any claim Borrowers may have against a Lender that shall have failed to make such payment to Administrative Agent.

 

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

 

    CREDIT AGREEMENT – Page 65

     

    

 

(d)           Cash Dominion. During any Trigger Period, all funds credited to the Blocked Accounts shall be promptly applied by Administrative
Agent to the Obligations whether or not such Obligations shall have, by its terms, matured, such application to be made to principal
or interest or expenses as Administrative Agent may elect; provided, however, Administrative Agent need not apply or give credit for
any item included in such sums until one Business Day after the final collection thereof; provided, further, however, that Administrative
Agent’s failure to so apply any such sums shall not be a waiver of Administrative Agent’s right to so apply such sums or
any other sums at any time during a Trigger Period. Notwithstanding anything herein to the contrary, to the extent any funds credited
to the Blocked Accounts constitute Net Cash Proceeds (i) from any Disposition not otherwise permitted by Section 7.8 or
(ii) from the incurrence of any Debt not permitted by Section 7.1, the application of such Net Cash Proceeds shall be subject
to Section 2.9(c).

 

Section 2.6           
Evidence of Debt.

 

(a)           The Loans made by Swing Line Lender and each Lender shall be evidenced by one or more accounts or records maintained by Swing Line
Lender or such Lender and by Administrative Agent in the ordinary course of business; provided that such Lender or Administrative Agent
may, in addition, request that such Loans be evidenced by the Notes. The Credit Extensions made by L/C Issuer shall be evidenced by one
or more accounts or records maintained by L/C Issuer and by Administrative Agent in the ordinary course of business. The accounts or records
maintained by Administrative Agent, Swing Line Lender, L/C Issuer, and each Lender shall be conclusive absent manifest error of the amount
of the Credit Extensions made to any 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 any 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 L/C Issuer, Swing Line Lender, or any Lender and the accounts
and records of Administrative Agent in respect of such matters, the accounts and records of Administrative Agent shall control in the
absence of manifest error.

 

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

 

Section 2.7           
Cash Collateral.

 

(a)           Certain
Credit Support Events. If (i) 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) any Borrower shall be required to provide Cash Collateral pursuant to Section 9.2, or (iv) if
there is more than one Lender at such time of determination, there shall exist a Lender that is a Defaulting Lender, Borrowers shall
immediately (in the case of clause (iii) above) or within one (1) Business Day (in all other cases) following any
request by Administrative Agent or 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 Sections
11.22(a)(iv) and 11.22(a)(v) and any Cash Collateral provided by the Defaulting Lender).

 

    CREDIT AGREEMENT – Page 66

     

    

 

(b)           Grant
of Security Interest. Each Borrower, and to the extent provided by any Defaulting Lender, such Defaulting Lender, hereby grants to
(and subjects to the control of) Administrative Agent, for the benefit of Administrative Agent, L/C Issuer and Lenders, and agrees to
maintain, a first priority security interest in all such Cash Collateral, 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 2.7(c).
If at any time Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than Administrative
Agent or L/C Issuer as herein provided, or that the total amount of such Cash Collateral is less than the Minimum Collateral Amount,
Borrowers will, promptly upon demand by Administrative Agent, pay or provide to 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 one or more blocked, non-interest bearing deposit accounts at Texas Capital Bank. Borrowers 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 2.7 or Sections 2.2, 9.2 or 11.22 in respect of Letters
of Credit shall be held and applied to the satisfaction of the specific L/C Obligations, obligations to fund participations therein (including,
as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such obligation) and other obligations for which the Cash
Collateral was so provided, prior to any other application of such Property as may otherwise be provided for herein.

 

(d)           Release. Cash Collateral (or the appropriate portion thereof) provided to reduce Fronting Exposure or to secure other obligations
shall be released promptly following (i) the elimination of the applicable Fronting Exposure or other obligations giving rise thereto,
including by the termination of Defaulting Lender status of the applicable Lender (or, as appropriate, its assignee following compliance
with Section 11.8(b)(vii)) or (ii) the determination by Administrative Agent and L/C Issuer that there exists
excess Cash Collateral; provided, however, (x) any such release shall be without prejudice to, and any disbursement
or other transfer of Cash Collateral shall be and remain subject to, any other Lien conferred under the Loan Documents and the other applicable
provisions of the Loan Documents, and (y) the Person providing Cash Collateral and L/C Issuer may agree that Cash Collateral
shall not be released but instead held to support future anticipated Fronting Exposure or other obligations.

 

    CREDIT AGREEMENT – Page 67

     

    

 

Section 2.8           
Interest; Payment Terms.

 

(a)           Revolving Credit Loans – Payment of Principal and Interest; Revolving Nature. The unpaid principal amount of each
Borrowing of the Revolving Credit Loans shall, subject to the following sentence and Section 2.8(e), bear interest
at the applicable Interest Rate. If at any time such rate of interest would exceed the Maximum Rate but for the provisions thereof limiting
interest to the Maximum Rate, then any subsequent reduction shall not reduce the rate of interest on the Revolving Credit Loans below
the Maximum Rate until the aggregate amount of interest accrued on the Revolving Credit Loans equals the aggregate amount of interest
which would have accrued on the Revolving Credit Loans if the interest rate had not been limited by the Maximum Rate. All accrued but
unpaid interest on the principal balance of the Revolving Credit Loans shall be payable on each Payment Date and on the Maturity Date,
provided that interest accruing at the Default Interest Rate pursuant to Section 2.8(e) shall be payable on
demand. The then Outstanding Amount of the Revolving Credit Loans and all accrued but unpaid interest thereon shall be due and payable
on the Maturity Date. The unpaid principal balance of the Revolving Credit Loans at any time shall be the total amount advanced hereunder
by Lenders less the amount of principal payments made thereon by or for Borrowers, which balance may be endorsed on the Notes from time
to time by Lenders or Swing Line Lender, as applicable, or otherwise noted in Lenders’, Swing Line Lender’s and/or Administrative
Agent’s records, which notations shall be, absent manifest error, conclusive evidence of the amounts owing hereunder from time
to time.

 

(b)           Computation
Period. Interest on the Loans and all other amounts payable by Borrowers hereunder on a per annum basis shall be computed on the
basis of a 360-day year and the actual number of days elapsed (including the first day but excluding the last day) unless such calculation
would result in a usurious rate or to the extent such Loan bears interest based upon the Base Rate, in which case interest shall be calculated
on the basis of a 365-day year or 366-day year, as the case may be. In computing the number of days during which interest accrues, the
day on which funds are initially advanced shall be included regardless of the time of day such advance is made, and the day on which
funds are repaid shall be included unless repayment is credited prior to the close of business on the Business Day received. Each determination
by Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

 

(c)           Unconditional Payment. Each Borrower is and shall be obligated to pay all principal, interest and any and all other amounts
which become payable under any of the Loan Documents absolutely and unconditionally and without any abatement, postponement, diminution
or deduction whatsoever and without any reduction for counterclaim or setoff whatsoever. If at any time any payment received by Administrative
Agent hereunder shall be deemed by a court of competent jurisdiction to have been a voidable preference or fraudulent conveyance under
any Debtor Relief Law, then the obligation to make such payment shall survive any cancellation or satisfaction of the Obligations under
the Loan Documents and shall not be discharged or satisfied with any prior payment thereof or cancellation of such Obligations, but shall
remain a valid and binding obligation enforceable in accordance with the terms and provisions hereof, and such payment shall be immediately
due and payable upon demand.

 

    CREDIT AGREEMENT – Page 68

     

    

 

(d)           Partial or Incomplete Payments. Subject to Section 9.3, if at any time insufficient funds are received by
and available to Administrative Agent to pay fully all amounts of principal, L/C Borrowings, interest, fees and other amounts then due
hereunder, such funds shall be applied (i) first, to pay interest, fees and other amounts then due hereunder, ratably among
the parties entitled thereto in accordance with the amounts of interest, fees and other amounts then due to such parties, and (ii) second,
to pay principal and L/C Borrowings then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of
principal or L/C Borrowings, as applicable, then due to such parties. Remittances in payment of any part of the Obligations under the
Loan Documents other than in the required amount in immediately available funds at the place where such Obligations are payable shall
not, regardless of any receipt or credit issued therefor, constitute payment until the required amount is actually received by Administrative
Agent in full in accordance herewith and shall be made and accepted subject to the condition that any check or draft may be handled for
collection in accordance with the practice of the collecting bank or banks. Acceptance by Administrative Agent of any payment in an amount
less than the full amount then due shall be deemed an acceptance on account only, and the failure to pay the entire amount then due shall
be and continue to be an Event of Default.

 

(e)           Default
Interest Rate. For so long as any Event of Default exists, regardless of whether or not there has been an acceleration of the Loans,
and at all times after the maturity of the Loans (whether by acceleration or otherwise), and in addition to all other rights and remedies
of Administrative Agent or Lenders hereunder, (i) interest shall accrue on the Outstanding Amount of the Loans at the Default Interest
Rate, (ii) interest shall accrue on any past due amount (other than the Outstanding Amount of the Loans) at the Default Interest
Rate and (iii) upon the request of the Required Lenders, interest shall accrue on the principal amount of all other outstanding Obligations
at the Default Interest Rate, and such accrued interest shall be immediately due and payable. Each Borrower acknowledges that it would
be extremely difficult or impracticable to determine Administrative Agent’s or Lenders’ actual damages resulting from any
late payment or Event of Default, and such accrued interest are reasonable estimates of those damages and do not constitute a penalty.

 

(f)            Interest
Act (Canada). For the purposes of the Interest Act (Canada) and disclosure thereunder, whenever any interest or any fee to be
paid under any Loan Document is to be calculated on the basis of a 360-day year, 365-day year or 366-day year, the yearly rate of
interest to which the rate used in such calculation is equivalent is the rate so used multiplied by the actual number of days in the
calendar year in which the same is to be ascertained and divided by 360, 365 or 366, as applicable. The rates of interest under this
Agreement are nominal rates, and not effective rates or yields. The principle of deemed reinvestment of interest does not apply to
any interest calculation under this Agreement. Each Borrower acknowledges and confirms that this Section 2.8(f)
satisfies the requirements of Section 4 of the Interest Act (Canada) to the extent it applies to the expression or statement of any
interest payable under any Loan Document and that it is able to calculate the yearly rate or percentage of interest payable under
any Loan Document based upon the methodology set out in this Section 2.8(f). Any provision of this Agreement that
would oblige Canadian Borrower to pay any fine, penalty or rate of interest on any arrears of principal or interest secured by a
mortgage on real property or hypothec on immovables that has the effect of increasing the charge on arrears beyond the rate of
interest payable on principal money not in arrears shall not apply to Canadian Borrower, which shall be required to pay interest on
money in arrears at the same rate of interest payable on principal money not in arrears.

 

    CREDIT AGREEMENT – Page 69

     

    

 

Section 2.9           
Voluntary Termination or Reduction of Commitments; Prepayments.

 

(a)           Voluntary
Termination or Reduction of Commitments. The Borrower Representative may, upon written notice to Administrative Agent, terminate
the Commitments, or from time to time permanently reduce the Commitments; provided that (i) any such notice shall be received
by Administrative Agent not later than 11:00 a.m. three (3) Business Days prior to the date of termination or reduction, (ii) any
such partial reduction shall be in an aggregate amount of $2,500,000 or any whole multiple of $1,000,000 in excess thereof, (iii) the
Borrower Representative shall not terminate or reduce the Commitments if, (A) immediately after giving effect thereto and to any concurrent
prepayments hereunder, the Revolving Credit Exposure of all Lenders would exceed the lesser of (x) the aggregate amount of the Commitments
of the Lenders and (y) the Borrowing Base, in each case in effect at such time or (B) the aggregate amount of the Commitments of the
Lenders would be less than $10,000,000 (unless with respect to this clause (B), the aggregate Commitments are reduced to
$0) and (iv) if, immediately after giving effect to any reduction of the Commitments, the Letter of Credit Sublimit or Swing Line Sublimit
exceeds the amount of the Revolving Credit Facility, such sublimit shall be automatically reduced by the amount of such excess. Administrative
Agent will promptly notify Lenders of any such notice of termination or reduction of the Commitments. Any reduction of the 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 Commitments shall be paid on the effective date of such termination.

 

(b)           Voluntary
Prepayments. Subject to the conditions set forth below, Borrowers shall have the right, at any time and from time to time upon at
least three (3) Business Days’ prior written notice to Administrative Agent, to prepay the principal of the Revolving Credit Loans
or the Swing Line Loans in full or in part. If there is a prepayment of all or any portion of the principal of the Revolving Credit Loans
or the Swing Line Loans on or before the Maturity Date, whether voluntary or because of acceleration or otherwise, such prepayment shall
also include any and all accrued but unpaid interest on the amount of principal being so prepaid through and including the date of prepayment,
plus any other sums which have become due to Lenders under the other Loan Documents on or before the date of prepayment, but which have
not been fully paid.

 

(c)           Mandatory
Prepayment of Revolving Credit Facility. Borrowers shall make a prepayment of the Revolving Credit Loans or the Swing Line Loans
upon the occurrence of any of the following:

 

(i)            If
at any time the Revolving Credit Exposure of the Lenders exceeds the lesser of (A) the aggregate amount of the Commitments of the Lenders
and (B) the Borrowing Base, in each case in effect at such time, then Borrowers shall immediately prepay the entire amount of such excess
to Administrative Agent, for the ratable account of Lenders, and/or Cash Collateralize the L/C Obligations in an aggregate amount equal
to such excess; provided, however, that no Borrower shall be required to Cash Collateralize the L/C Obligations pursuant to this Section
2.9(c) unless after the prepayment in full of the Revolving Credit Loans and Swing Line Loans the Revolving Credit Exposure of
the Lenders exceeds the lesser of (x) the aggregate amount of the Commitments of the Lenders and (y) the Borrowing Base, in each case
in effect at such time.

 

    CREDIT AGREEMENT – Page 70

     

    

 

(ii)           Concurrently
with the receipt by any Loan Party of any Net Cash Proceeds from a Disposition not permitted by Section 7.8, the Borrowers
shall prepay the Loans in an amount equal to 100% of such Net Cash Proceeds.

 

(iii)          Concurrently with the receipt by any Loan Party of any Net Cash Proceeds from the incurrence of any Debt not permitted by Section
7.1, the Borrowers shall prepay the Loans in an amount equal to 100% of such Net Cash Proceeds.

 

(iv)          Upon the receipt by any Loan Party of any cash proceeds of a Specified EBITDA Equity Contribution pursuant to Section 9.3,
Borrowers shall prepay an aggregate principal amount of Loans equal to all Net Cash Proceeds received therefrom immediately upon receipt
thereof by any such Loan Party or such Subsidiary.

 

(v)           Upon
the receipt by FGS of any cash proceeds in connection with a Qualified IPO which are to be contributed to the Company, Borrowers shall
prepay an aggregate principal amount of Loans equal to at least $5,000,000 (or such lesser amount necessary for the Revolving Credit
Exposure to equal $0) received therefrom.

 

Each prepayment required by this Section 2.9(c)
shall be applied, first, to any Base Rate Borrowings then outstanding, and, second, to any Eurodollar Rate Borrowings then outstanding,
and if more than one Eurodollar Rate Borrowing is then outstanding, to such Eurodollar Rate Borrowings in such order as the Borrower Representative
may direct, or if the Borrower Representative fails to so direct, as Administrative Agent shall elect.

 

Section 2.10         
Uncommitted Increase in Commitments.

 

(a)           Request
for Increase. Provided that no Default or Event of Default shall have occurred and be continuing, upon written notice to Administrative
Agent (which shall promptly notify the Lenders), Borrowers may from time to time, request an increase in the aggregate Commitments by
an amount not to exceed $15,000,000 (with the aggregate Commitments not to exceed $45,000,000 after giving effect to all such increases
implemented pursuant to this Section 2.10); provided that (i) any such request for an increase shall be in a minimum amount
of $5,000,000, and (ii) Borrowers may make a maximum of three such requests. To achieve the full amount of a requested increase, and
subject to the approval of Administrative Agent and L/C Issuer, Borrowers may (A) request that one or more Lenders increase their Commitment,
(B) invite all Lenders to increase their respective Commitment, and/or (C) invite additional Eligible Assignees to become Lenders pursuant
to a joinder agreement in form and substance satisfactory to Administrative Agent and its counsel. Nothing contained in this Section
2.10 shall constitute, or otherwise be deemed to be, a commitment on the party of any Lender to increase its Commitment hereunder
at any time.

 

    CREDIT AGREEMENT – Page 71

     

    

 

(b)              
Notification by Administrative Agent; Additional Lenders. In the event the Borrowers invite all Lenders to increase their
respective Commitment, then at the time of sending such notice, Borrowers (in consultation with Administrative Agent) shall specify the
time period within which each Lender is requested to respond (which shall in no event be less than ten (10) Business Days from the date
of delivery of such notice to the Lenders). Each Lender shall notify 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. Administrative
Agent shall notify Borrowers and each Lender of the Lenders’ responses to each request made hereunder.

 

(c)              
Effective Date and Allocations. If the Commitments are increased in accordance with this Section 2.10, Administrative
Agent and Borrowers shall determine the effective date (the “Increase Effective Date”) and the final allocation
of such increase. Administrative Agent shall promptly notify Borrowers and the Lenders of the final allocation of such increase and the
Increase Effective Date.

 

(d)              
Conditions to Effectiveness of Increase. As a condition precedent to such increase, Borrowers shall deliver to Administrative
Agent a certificate of each Loan Party dated as of the Increase Effective Date (in sufficient copies for each Lender) signed by a Responsible
Officer of such Loan Party, in each case in form and substance satisfactory to Administrative Agent, (i) certifying and attaching the
resolutions adopted by such Loan Party approving or consenting to such increase, and (ii) in the case of Borrowers, certifying that, before
and after giving effect to such increase, (A) the representations and warranties contained in Article 5 and the other Loan
Documents are true and correct in all material respects (other than such representation or warranty expressly qualified by materiality
or by reference to Material Adverse Effect) on and as of the Increase Effective Date, except to the extent that such representations and
warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (other than such representation
or warranty expressly qualified by materiality or by reference to Material Adverse Effect) as of such earlier date, (B) no Default exists
and (C) Borrowers are in pro forma compliance with the financial covenants contained in Sections 8.1 and 8.2.

 

(e)               Pro
Rata Treatment; Etc. On the Increase Effective Date, (i) any Lender increasing (or, in the case of any newly added Lender,
extending) its Commitment shall make available to Administrative Agent such amounts in immediately available funds as Administrative
Agent shall determine, for the benefit of the other Lenders, as being required in order to cause, after giving effect to such
increase or addition and the use of such amounts to make payments to such other Lenders, each Lender’s portion of the
outstanding Revolving Credit Loans of all the Lenders to equal its revised Applicable Percentage of such outstanding Revolving
Credit Loans, and Administrative Agent shall make such other adjustments among the Lenders with respect to the Revolving Credit
Loans then outstanding and amounts of principal, interest, commitment fees and other amounts paid or payable with respect thereto as
shall be necessary, in the opinion of Administrative Agent, in order to effect such reallocation and (ii)  Borrowers shall be
deemed to have repaid and reborrowed all outstanding Revolving Credit Loans as of the date of any increase (or addition) in the
Commitments (with such reborrowing to consist of the Types of Revolving Credit Loans, with related Interest Periods if applicable,
specified in a notice delivered by the Borrower Representative, in accordance with the requirements of Section
2.1(b)). The deemed payments made pursuant to clause (ii) of the immediately preceding sentence shall be
accompanied by payment of all accrued interest on the amount prepaid and, in respect of each Eurodollar Rate Loan, shall be subject
to the provisions of Section 3.5 if the deemed payment occurs other than on the last day of the related Interest
Periods. Within a reasonable time after the effective date of any increase or addition, Administrative Agent shall, and is hereby
authorized and directed to, revise Schedule 2.1 to reflect such increase or addition and shall distribute such revised Schedule
2.1 to each of the Lenders and the Borrowers, whereupon such revised Schedule 2.1 shall replace the old Schedule
2.1 and become part of this Agreement.

 

    CREDIT AGREEMENT – Page 72

     

    

 

(f)               
Conflicting Provisions. This Section shall supersede any provisions in Sections 11.10 or 11.23
to the contrary.

 

Section 2.11       
Cash Collateral Blocked Accounts. Subject to Section 6.12, each Borrower shall establish with
Administrative Agent or any banks acceptable to Administrative Agent, certain lockboxes and blocked accounts (collectively “Blocked
Accounts”), for the benefit of Administrative Agent, for the deposit of all receipts and collections in accordance with
Section 2.12 hereof, pursuant to executed Deposit Account Control Agreements in form and substance satisfactory to Administrative
Agent, in its reasonable discretion. At all times during a Trigger Period, each Borrower shall cause all receipts and collections of
any accounts receivable to be deposited in such Blocked Accounts to be pledged to Administrative Agent, for the benefit of the Secured
Parties, and, pursuant to Section 2.5(d), forwarded on a daily basis to an account held by Administrative Agent. During
a Trigger Period, proceeds received from such Blocked Accounts shall be applied against any Obligations owing by any Borrower to the
Lenders and shall be applied in accordance with Section 2.5(d) hereof. Only Administrative Agent shall have the right to
direct withdrawals from such Blocked Accounts. Except as otherwise agreed to by Administrative Agent, each bank at which any such Blocked
Account is maintained shall waive any right of offset such bank may otherwise have in such Blocked Account and the items deposited therein.
Borrowers shall pay all fees and charges as may be required by any depository in which such Blocked Accounts are opened. Subject to Section
6.12, each Borrower shall, contemporaneously with the execution of this Agreement, provide Administrative Agent with the duly
executed Deposit Account Control Agreements related to such Blocked Accounts. Subject to Section 6.12, each Borrower covenants
and agrees to notify all of its customers and account debtors in writing on or before the date set forth in Section 6.12
directing such customers and account debtors to forward all current and future remittances and/or payments owed to such Borrower to the
Blocked Accounts. The Blocked Accounts as of the Closing Date are set forth in Schedule 2.11.

 

Section
2.12         Collection
of Accounts.

 

(a)              
All receipts of cash, cash equivalents, checks, credit card receipts, drafts, instruments, and other items of payment arising out
of the sale of inventory or other Property of the Loan Parties or the creation of accounts receivable, including without limitation, insurance
proceeds and tax refunds (referred to as “Receipts”), and all Property of the Loan Parties in which Administrative
Agent has a security interest or Lien, shall be deposited daily into one or more of the Blocked Accounts, and shall be held in trust by
such Loan Party for Administrative Agent until so deposited.

 

(b)              
In the event, notwithstanding the provisions of this Section, any Loan Party receives or otherwise has dominion and control of
any Receipts, or any proceeds or collections of any Property of the Loan Parties in which Administrative Agent has a security interest
or Lien, such Receipts, proceeds, and collections shall be held in trust by such Loan Party for Administrative Agent and shall not be
commingled with any of such Loan Party’s other funds or deposited in any account of such Loan Party other than a Blocked Account.

 

    CREDIT AGREEMENT – Page 73

     

    

 

Section 2.13       
Appointment of Borrower Representative.

 

(a)              
Each Borrower hereby irrevocably appoints and constitutes Flex Leasing Power & Service LLC, a Delaware limited liability company
(in such capacity, the “Borrower Representative”), as its agent to request and receive the proceeds of any Loan,
Letter of Credit or any other extension of credit hereunder (and to otherwise act on behalf of such Borrower pursuant to this Agreement
and the other Loan Documents) from the Lenders in the name or on behalf of each such Borrower. The Lenders may disburse such proceeds
only to a bank account of a Borrower without notice to any other Borrower or any other Loan Party.

 

(b)              
Each Loan Party hereby irrevocably appoints and constitutes the Borrower Representative as its agent to (i) receive statements
of account and all other notices from Administrative Agent with respect to the Obligations or otherwise under or in connection with this
Agreement and the other Loan Documents; (ii) execute and deliver Borrowing Base Reports and all other notices, certificates and documents
to be executed and/or delivered by any Loan Party under this Agreement or the other Loan Documents; and (iii) otherwise act on behalf
of such Loan Party pursuant to this Agreement and the other Loan Documents.

 

(c)              
The authorizations contained in this Section 2.13 are coupled with an interest and shall be irrevocable, and the
Lenders may rely on any notice, request, information supplied by the Borrower Representative, every document executed by the Borrower
Representative, every agreement made by the Borrower Representative or other action taken by the Borrower Representative in respect of
any Borrower or other Loan Party as if the same were supplied, made or taken by such Borrower or such Loan Party. Without limiting the
generality of the foregoing, the failure of one or more Borrowers or other Loan Parties to join in the execution of any writing in connection
herewith shall not relieve any Borrower or other Loan Party from obligations in respect of such writing.

 

(d)              
 No purported termination of the appointment of the Borrower Representative as agent shall be effective without the prior written
consent of Administrative Agent.

 

    CREDIT AGREEMENT – Page 74

     

    

 

(e)              
Any notice given by or to the Borrower Representative hereunder shall constitute and be deemed to be notice given by or to all
Borrowers, jointly and severally. Notice given by Administrative Agent to the Borrower Representative hereunder or pursuant to any other
Loan Documents in accordance with the terms hereof or thereof shall constitute notice to all Borrowers. The knowledge of any Borrower
shall be imputed to all Borrowers and any consent by the Borrower Representative or any Borrower shall constitute the consent of and shall
bind all Borrowers.

 

(f)               
The Borrower Representative hereby accepts the appointment by each Loan Party to act as the agent of the Loan Parties pursuant
to this Section 2.13. The Borrower Representative shall ensure that the disbursement of any Loans, the issuance of any Letters
of Credit or other extension of credit hereunder to each Borrower requested by or paid to or for the account of such Borrower shall be
paid to or for the account of such Borrower.

 

Section 2.14        Joint
and Several Liability. The Borrowers shall be jointly and severally liable for all Obligations due to the Secured Parties
under this Agreement, regardless of which Borrower actually receives any Loans, Letters of Credit or other extensions of credit
hereunder or the amount of such Loans or Letters of Credit received or the manner in which Administrative Agent accounts for such
Loans, Letters of Credit or other extensions of credit on its books and records. The Obligations with respect to the Loans and
Letters of Credit or other extensions of credit made to a Borrower, and the Obligations arising as a result of the joint and several
liability of a Borrower hereunder, shall be primary obligations of all the Borrowers. The Obligations arising as a result of the
joint and several liability of a Borrower hereunder with respect to the Loans, Letters of Credit or other extensions of credit made
to the other Borrowers hereunder shall, to the fullest extent permitted by law, be unconditional irrespective of (a) the validity or
enforceability, avoidance or subordination of the Obligations of the other Borrowers or of any promissory note or other document
evidencing all or any part of the Obligations of the other Borrowers, (b) the absence of any attempt to collect the Obligations from
the other Borrowers, any other Loan Party or any other security therefor, or the absence of any other action to enforce the same,
(c) the failure by Administrative Agent to take any steps to perfect and maintain its security interest in, or to preserve its
rights and maintain its security or collateral for the Obligations of the other Borrowers and the other Loan Parties, (d) the
election of Administrative Agent or any other Secured Party in any proceeding instituted under any bankruptcy, insolvency or other
Debtor Relief Law or of the application of Section 1111(b)(2) of the Bankruptcy Code of the United States or any similar provision
of any other Debtor Relief Law, (e) the disallowance of all or any portion of the claim(s) of the Secured Parties for the repayment
of the Obligations of the other Borrowers and other Loan Parties under Section 502 of the Bankruptcy Code of the United States or
any similar provision of any other Debtor Relief Law, or (f) any other circumstances which might constitute a legal or equitable
discharge or defense of any obligor. With respect to the Obligations arising as a result of the joint and several liability of a
Borrower hereunder with respect to the Loans, Letters of Credit or other extensions of credit made to the other Borrowers hereunder,
each Borrower waives, until the Obligations shall have been paid in full in immediately available funds and this Agreement shall
have been terminated, any right to enforce any right of subrogation or any remedy which the Secured Parties now have or may
hereafter have against the Borrowers and the other Loan Parties, any endorser or any guarantor of all or any part of the
Obligations, and any benefit of, and any right to participate in, any security or collateral given to the Secured Parties. Upon any
Event of Default and for so long as the same is continuing, Administrative Agent may proceed directly and at once, without notice,
against any Borrower or any Guarantor to collect and recover the full amount, or any portion of the Obligations, without first
proceeding against the other Borrowers or any other Person, or against any security or collateral for the Obligations. Each Borrower
consents and agrees that Administrative Agent shall be under no obligation to marshal any assets in favor of any Borrower or any
other Loan Party against or in payment of any or all of the Obligations.

 

    CREDIT AGREEMENT – Page 75

     

    

 

Article 3.

TAXES, YIELD PROTECTION AND INDEMNITY

 

Section 3.1           
Increased Costs.

 

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

 

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

 

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

 

(iii)           
impose on any Lender or the London interbank market any other condition, cost or expense (other than Taxes) affecting this Agreement
or Loans made by such Lender or any Letter of Credit or participation therein;

 

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

 

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

 

    CREDIT AGREEMENT – Page 76

     

    

 

(c)              
Certificates for Reimbursement. A certificate of a Lender setting forth the amount or amounts necessary to compensate such
Lender or its holding company, as the case may be, as specified in Sections 3.1(a) or (b) and delivered
to the Borrower Representative, shall be conclusive absent manifest error. Borrowers shall pay such Lender the amount shown as due on
any such certificate within ten (10) days after receipt thereof.

 

(d)              
Delay in Requests. Failure or delay on the part of any Lender to demand compensation pursuant to this Section 3.1
shall not constitute a waiver of such Lender’s right to demand such compensation; provided that no Borrower shall be required
to compensate a Lender pursuant to this Section 3.1 for any increased costs incurred or reductions suffered more than
six (6) months prior to the date that such Lender notifies the Borrower Representative of the Change in Law giving rise to such increased
costs or reductions, and of such Lender’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 (9) -month period referred to above shall be extended to include the
period of retroactive effect thereof).

 

Section 3.2            Illegality.
If any Lender determines that any Law or regulation 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 Representative through 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 Administrative Agent without reference to the Eurodollar Rate
component of the Base Rate, in each case until such Lender notifies Administrative Agent and the Borrower Representative that the
circumstances giving rise to such determination no longer exist. Upon receipt of such notice, (x) Borrowers shall, upon demand
from such Lender (with a copy to 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 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, 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 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, Borrowers shall also pay accrued
interest on the amount so prepaid or converted.

 

    CREDIT AGREEMENT – Page 77

     

    

 

Section 3.3           
Alternate Rate of Interest.

 

(a)              
Inability to Determine Rates. Subject to clauses (b), (c), (d), (e) and (f) of this Section 3.3 and Section
3.2, if prior to the commencement of any Interest Period for a Eurodollar Rate Loan:

 

(i)                
the Administrative Agent determines (which determination shall be conclusive absent manifest error) that 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 Borrowing (provided that no Benchmark Transition Event shall have occurred at
such time); or

 

(ii)             
the Administrative Agent is advised by the Required Lenders that the Eurodollar Rate for any requested Interest Period with respect
to a proposed Eurodollar Rate Loan will not adequately and fairly reflect the cost to such Lenders of funding such Eurodollar Rate Loans
for such Interest Period,

 

then Administrative
Agent will promptly so notify Borrowers and each Lender. Thereafter, (A) the obligation of Lenders to make or maintain Eurodollar
Rate Loans shall be suspended, and (B) 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 Administrative Agent (upon the instruction of the Required Lenders) revokes such notice. Upon receipt of such notice,
the Borrower Representative may revoke any pending request for a Borrowing of, conversion to or continuation of Eurodollar Rate Loans
or, failing that, will be deemed to have converted such request into a request for a Base Rate Borrowing in the amount specified therein.

 

(b)               Benchmark
Replacement. Notwithstanding anything to the contrary herein or in any other Loan Document, if a Benchmark Transition Event or
an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date have occurred prior to the Reference Time in
respect of any setting of the then-current Benchmark, then (i) if a Benchmark Replacement is determined in accordance with clauses
(a) or (b) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such
Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of such
Benchmark setting and subsequent Benchmark settings without any amendment to, or further action or consent of any other party to,
this Agreement or any other Loan Document and (ii) if a Benchmark Replacement is determined in accordance with clause
(c) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement
will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of any Benchmark setting at or after
5:00 p.m. on the fifth (5th) Business Day after the date notice of such Benchmark Replacement is provided to the Lenders without any
amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document so long as the
Administrative Agent has not received, by such time, written notice of objection to such Benchmark Replacement from Lenders
comprising the Required Lenders.

 

    CREDIT AGREEMENT – Page 78

     

    

 

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

 

(d)              
Notices; Standards for Decisions and Determinations. The Administrative Agent will promptly notify the Borrower Representative
and the Lenders of (i) any occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark
Replacement Date, (ii) the implementation of any Benchmark Replacement, (iii) the effectiveness of any Benchmark Replacement Conforming
Changes, (iv) the removal or reinstatement of any tenor of a Benchmark pursuant to clause (e) below and (v) the commencement
or conclusion of any Benchmark Unavailability Period. Any determination, decision or election that may be made by the Administrative Agent
or, if applicable, any Lender (or group of Lenders) pursuant to this Section 3.3, including any determination with respect
to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain
from taking any action or any selection, will be conclusive and binding absent manifest error and may be made in its or their sole discretion
and without consent from any other party to this Agreement or any other Loan Document, except, in each case, as expressly required pursuant
to this Section 3.3.

 

(e)               Unavailability
of Tenor of Benchmark. Notwithstanding anything to the contrary herein or in any other Loan Document, at any time (including in
connection with the implementation of a Benchmark Replacement), (A) if the then-current Benchmark is a term rate (including BSBY,
Term SOFR or USD LIBOR) and either (1) any tenor for such Benchmark is not displayed on a screen or other information service that
publishes such rate from time to time as selected by Administrative Agent in its reasonable discretion or (2) the regulatory
supervisor for the administrator of such Benchmark has provided a public statement or publication of information announcing that any
tenor for such Benchmark is or will be no longer representative, then Administrative Agent may modify the definition of
 “Interest Period” for any Benchmark settings at or after such time to remove such unavailable or non-representative
tenor and (B) if a tenor that was removed pursuant to clause (i) above either (1) is subsequently displayed on a screen or
information service for a Benchmark (including a Benchmark Replacement) or (2) is not, or is no longer, subject to an announcement
that it is or will no longer be representative for a Benchmark (including a Benchmark Replacement), then Administrative Agent may
modify the definition of “Interest Period” for all Benchmark settings at or after such time to reinstate such previously
removed tenor.

 

    CREDIT AGREEMENT – Page 79

     

    

 

(f)               
Benchmark Unavailability Period. Upon the Borrower Representative’s receipt of notice of the commencement of a Benchmark
Unavailability Period, the Borrower Representative may revoke any request for a Eurodollar Rate Borrowing of, conversion to or continuation
of Eurodollar Rate Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing that, the Borrower
Representative will be deemed to have converted any such request into a request for a Borrowing of or conversion to Base Rate Loans. During
any Benchmark Unavailability Period or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component
of Base Rate based upon the then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination
of Base Rate.

 

(g)              
London Interbank Offered Rate Benchmark Transition Event. On March 5, 2021, the IBA, the administrator of the London interbank
offered rate, and the FCA, the regulatory supervisor of the IBA, made the Announcements that the final publication or representativeness
date for dollars for (i) 1-week and 2-month London interbank offered rate tenor settings will be December 31, 2021 and (ii) overnight,
1-month, 3-month, 6-month and 12-month London interbank offered rate tenor settings will be June 30, 2023. No successor administrator
for the IBA was identified in such Announcements. The parties hereto agree and acknowledge that the Announcements resulted in the occurrence
of a Benchmark Transition Event with respect to the London interbank offered rate pursuant to the terms of this Agreement and that any
obligation of the Administrative Agent to notify any parties of such Benchmark Transition Event pursuant to Section 3.3(d)
shall be deemed satisfied; provided, however, (x) the Benchmark shall remain USD LIBOR until the occurrence of the Benchmark Replacement
Date with respect thereto and (y) such Benchmark Replacement Date shall not be deemed to have occurred solely as a result of the Announcements
and shall only occur in accordance with the definition thereof.

 

(h)              
BSBY Replacement. Notwithstanding anything to the contrary in this Agreement or any other Loan Documents, at any time that
BSBY is the then current Benchmark, if the Administrative Agent determines (which determination shall be conclusive absent manifest error),
or the Borrower Representative or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy
to the Borrower Representative) that the Borrower Representative or Required Lenders (as applicable) have determined, that:

 

(i)                
adequate and reasonable means do not exist for ascertaining one month, three month and six month interest periods of BSBY, including,
without limitation, because the BSBY Screen Rate is not available or published on a current basis and such circumstances are unlikely
to be temporary; or

 

    CREDIT AGREEMENT – Page 80

     

    

 

(ii)             
 Bloomberg or any successor administrator of the BSBY Screen Rate or a Governmental Authority having jurisdiction over the Administrative
Agent or Bloomberg or such administrator has made a public statement identifying a specific date after which one month, three month and
six month interest periods of BSBY or the BSBY Screen Rate shall or will no longer be representative or made available, or used for determining
the interest rate of loans, or shall or will otherwise cease, provided that, at the time of such statement, there is no successor administrator
that is satisfactory to the Administrative Agent, that will continue to provide such representative interest periods of BSBY after such
specific date (the latest date on which one month, three month and six month interest periods of BSBY or the BSBY Screen Rate are no longer
representative or available permanently or indefinitely, the “Scheduled Unavailability Date”);

 

then, on a date and time determined
by the Administrative Agent (any such date, the “BSBY Replacement Date”), which date shall be at the end of
an Interest Period or on the relevant interest payment date, as applicable, for interest calculated and, solely with respect to clause
(B) above, no later than the Scheduled Unavailability Date, BSBY will be replaced hereunder and under any Loan Document with a Benchmark
Replacement determined in accordance with the definition thereof.

 

Section 3.4           
Taxes.

 

(a)              
Defined Terms. For purposes of this Section, the term “applicable Law” includes FATCA.

 

(b)              
Payment Free of Taxes. Any and all payments by or on account of any obligation of any Loan Party under any Loan Document
shall be made without deduction or withholding for any Taxes, except as required by applicable Law. If any applicable Law (as determined
in the good faith discretion of an applicable Withholding Agent) requires the deduction or withholding of any Tax from any such payment
by a Withholding Agent, then the applicable Withholding Agent shall be entitled to make such deduction or withholding and shall timely
pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with applicable Law and, if such Tax is
an Indemnified Tax, then the sum payable by the applicable Loan Party shall be increased as necessary so that after such deduction or
withholding has been made (including such deductions and withholdings applicable to additional sums payable under this Section 3.4)
the applicable Recipient receives an amount equal to the sum it would have received had no such deduction or withholding been made.

 

(c)              
Payment of Other Taxes by the Loan Parties. The Loan Parties shall timely pay to the relevant Governmental Authority in
accordance with applicable Law, or at the option of Administrative Agent timely reimburse it for the payment of, any Other Taxes.

 

(d)               Indemnification
by the Loan Parties. The Loan Parties shall jointly and severally indemnify each Recipient, within ten (10) days after demand
therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to
amounts payable under this Section 3.4) payable or paid by such Recipient or required to be withheld or deducted
from a payment to such Recipient and any reasonable expenses arising therefrom or with respect thereto, whether or not such
Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the
amount of such payment or liability delivered to the Borrower Representative by a Lender (with a copy to Administrative Agent), or
by Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error.

 

    CREDIT AGREEMENT – Page 81

     

    

 

(e)              
Indemnification by Lenders. Each Lender shall severally indemnify Administrative Agent, within ten (10) days after demand
therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that any Loan Party has not already indemnified
Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Loan Parties to do so), (ii) any Taxes
attributable to such Lender’s failure to comply with the provisions of Section 11.8 relating to the maintenance
of a Participant Register and (iii) any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by Administrative
Agent in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such
Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment
or liability delivered to any Lender by Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes
Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise payable
by Administrative Agent to such Lender from any other source against any amount due to Administrative Agent under this Section 3.4(e).

 

(f)               
Evidence of Payments. As soon as practicable after any payment of Taxes by any Loan Party to a Governmental Authority pursuant
to this Section 3.4, such Loan Party shall deliver to Administrative Agent the original or a certified copy of a receipt
issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment
reasonably satisfactory to Administrative Agent.

 

(g)              
Status of Lenders.

 

(i)                 Any
Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document
shall deliver to the Borrower Representative and Administrative Agent, at the time or times reasonably requested by the Borrower
Representative or Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrower
Representative or 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 Representative or Administrative Agent, shall deliver
such other documentation prescribed by applicable Law or reasonably requested by the Borrower Representative or Administrative Agent
as will enable the Borrower Representative or 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 (2) sentences, the
completion, execution and submission of such documentation (other than such documentation set forth in Section 3.4(g)(ii)(A), (ii)(B)
and (ii)(D) below) shall not be required if in such 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.

 

    CREDIT AGREEMENT – Page 82

     

    

 

(ii)             
Without limiting the generality of the foregoing,

 

(A)            
any Lender that is a U.S. Person shall deliver to the Borrower Representative and 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
Representative or Administrative Agent), executed copies of IRS Form W-9 certifying that such Lender is exempt from U.S. federal backup
withholding tax;

 

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

 

(1)              
in the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is a party (x) with
respect to payments of interest under any Loan Document, executed copies of IRS Form W-8BEN (or IRS Form W-8BEN-E, if applicable)
establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax
treaty and (y) with respect to any other applicable payments under any Loan Document, IRS Form W-8BEN (or IRS Form W-8BEN-E, if applicable)
establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other
income” article of such tax treaty;

 

(2)              
executed copies of IRS Form W-8ECI;

 

(3)              
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 any Borrower
within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C)
of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed copies of IRS Form W-8BEN (or IRS
Form W-8BEN-E, if applicable); or

 

    CREDIT AGREEMENT – Page 83

     

    

 

(4)              
to the extent a Foreign Lender is not the beneficial owner, executed copies of IRS Form W-8IMY, accompanied by IRS Form W-8ECI,
IRS Form W-8BEN (or IRS Form W-8BEN-E, if applicable), 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;

 

(C)             
any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower Representative and Administrative
Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a
Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower Representative or Administrative
Agent), executed copies of any other form prescribed by applicable Law as a basis for claiming exemption from or a reduction in U.S. federal
withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable Law to permit the Borrower
Representative or 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 Representative and Administrative Agent at the time or
times prescribed by Law and at such time or times reasonably requested by the Borrower Representative or 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 Representative or Administrative Agent as may be necessary for the Borrower Representative and Administrative
Agent to comply with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations
under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D),
 “FATCA” shall include any amendments made to FATCA after the date of this Agreement.

 

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

 

    CREDIT AGREEMENT – Page 84

     

    

 

(h)              
Treatment of Certain Refunds. If any party determines, in its sole discretion exercised in good faith, that it has received
a refund of any Taxes as to which it has been indemnified pursuant to this Section 3.4 (including by the payment of
additional amounts pursuant to this Section 3.4), it shall pay to the indemnifying party an amount equal to such refund
(but only to the extent of indemnity payments made under this Section 3.4 with respect to the Taxes giving rise to
such refund), net of all out-of-pocket expenses (including Taxes) of such indemnified party and without interest (other than any interest
paid by the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon the request of such indemnified
party, shall repay to such indemnified party the amount paid over pursuant to this Section 3.4(h) (plus any penalties,
interest or other charges imposed by the relevant Governmental Authority) in the event that such indemnified party is required to repay
such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Section 3.4(h), in no
event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this Section 3.4(h)
the payment of which would place the indemnified party in a less favorable net after-Tax position than the indemnified party would have
been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and
the indemnification payments or additional amounts with respect to such Tax had never been paid. This Section 3.4(h)
shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes
that it deems confidential) to the indemnifying party or any other Person.

 

(i)                
Survival. Each party’s obligations under this Section 3.4 shall survive the resignation or replacement
of Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment,
satisfaction or discharge of all obligations under any Loan Document.

 

Section 3.5           
Compensation for Losses. Upon demand of any Lender (with a copy to Administrative Agent) from time to time,
Borrowers shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a
result of:

 

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

 

(b)              
any failure by Borrowers (for a reason other than the failure of such Lender to lend a Eurodollar Rate Loan) to prepay, borrow,
continue or convert any Eurodollar Rate Loan on the date or in the amount notified by the Borrower Representative; 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 Representative pursuant to Section 3.6(b);

 

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. Borrowers shall also pay any customary administrative fees charged by such Lender
in connection with the foregoing.

 

    CREDIT AGREEMENT – Page 85

     

    

 

For purposes of calculating
amounts payable by Borrowers to the Lenders under this Section 3.5, each Lender shall be deemed to have funded each
Eurodollar Rate Loan made by it at Adjusted Eurodollar Rate by a matching deposit or other borrowing in the London interbank eurodollar
market for a comparable amount and for a comparable period, whether or not such Eurodollar Rate Loan was in fact so funded. A certificate
of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section shall be delivered
to the Borrower Representative and shall be conclusive absent demonstrable error. Borrowers shall pay such Lender the amount shown as
due on any such certificate within 10 days after receipt thereof.

 

Section 3.6           
Mitigation of Obligations; Replacement of Lenders.

 

(a)              
Designation of a Different Lending Office. If any Lender requests compensation under Section 3.1, or
requires Borrowers to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any
Lender pursuant to Section 3.4, then such Lender shall (at the request of the Borrower Representative) 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, such designation or assignment (i) would eliminate
or reduce amounts payable pursuant to Section 3.1 or Section 3.4, as the case may be, in the future,
and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender.
Borrowers hereby agree to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment.

 

(b)              
Replacement of Lenders. If any Lender requests compensation under Section 3.1, or if Borrowers are 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 3.4 and, in each case, such Lender has declined or is unable to designate a different Lending Office in
accordance with Section 3.6(a), or if any Lender is a Defaulting Lender or a Non-Consenting Lender, then Borrowers
may, at their sole expense and effort, upon notice to such Lender and Administrative Agent, require such Lender to assign and delegate,
without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 11.8),
all of its interests, rights (other than its existing rights to payments pursuant to Section 3.1 or Section 3.4)
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:

 

(i)                
Borrowers shall have paid to Administrative Agent the assignment fee (if any) specified in Section 11.8;

 

(ii)             
 such Lender shall have received payment of an amount equal to the Outstanding Amount 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
3.5) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or Borrowers (in the case of
all other amounts);

 

    CREDIT AGREEMENT – Page 86

     

    

 

(iii)           
in the case of any such assignment resulting from a claim for compensation under Section 3.1 or payments required
to be made pursuant to Section 3.4, such assignment will result in a reduction in such compensation or payments thereafter;

 

(iv)            
such assignment does not conflict with applicable Law; and

 

(v)              
in the case of any 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 Borrowers
to require such assignment and delegation cease to apply.

 

Section 3.7           
Survival. All of the obligations under this Article 3 shall survive termination of the Commitments,
repayment of all other Obligations hereunder, and resignation of Administrative Agent.

 

Article 4.

CONDITIONS PRECEDENT

 

Section 4.1           
Initial Extension of Credit. The obligation of Lenders to make the initial Credit Extension hereunder is subject
to the condition precedent that Administrative Agent shall have received all of the following, each dated (unless otherwise indicated
or otherwise specified by Administrative Agent) the Closing Date, in form and substance satisfactory to Administrative Agent:

 

(a)              
Credit Agreement. Counterparts of this Agreement executed by Administrative Agent, the Lenders, Swing Line Lender, L/C Issuer
and each Loan Party;

 

(b)              
Resolutions. Resolutions of the board of directors (or other governing body) of Parent and each Loan Party that is not a
natural Person certified by the secretary or an assistant secretary (or a Responsible Officer or other custodian of records) of such Person
which authorize the execution, delivery, and performance by such Person of this Agreement and the other Loan Documents to which such Person
is or is to be a party;

 

(c)               Incumbency
Certificate. A certificate of incumbency certified by a Responsible Officer of Parent and each Loan Party that is not a natural
Person certifying the names of the individuals or other Persons authorized to sign this Agreement and each of the other Loan
Documents to which each Loan Party is or is to be a party (including the certificates contemplated herein) on behalf of such Person
together with specimen signatures of such individual Persons;

 

    CREDIT AGREEMENT – Page 87

     

    

 

(d)              
Certificate Regarding Consents and Approvals. A certificate of a Responsible Officer of each Loan Party either (i) attaching
copies of all consents, licenses and approvals required in connection with the execution, delivery and performance by such Loan Party
and the validity against such Loan Party of the Loan Documents to which it is a party, and such consents, licenses and approvals shall
be in full force and effect, or (ii) stating that no such consents, licenses or approvals are so required;

 

(e)              
Closing Certificate. A certificate signed by a Responsible Officer of the Borrower Representative certifying (i) that the
conditions specified in Sections 4.2(b), (c) and (d) have been satisfied and (ii) that attached
to such certificate are true, accurate and complete copies of the Parent Loan Documents, including any amendments and supplements thereto;

 

(f)               
Solvency Certificate. A solvency certificate signed by the chief financial officer or vice president of finance of Company;

 

(g)              
Perfection Certificate. The Perfection Certificate signed by a Responsible Officer of each Loan Party;

 

(h)              
Constituent Documents. The Constituent Documents and all amendments thereto for Parent and each Loan Party that is not a
natural Person, with the formation documents included in the Constituent Documents being certified as of a date acceptable to Administrative
Agent by the appropriate government officials of the state of incorporation or organization of Parent and each Loan Party, and all such
Constituent Documents being accompanied by certificates that such copies are complete and correct, given by an authorized representative
acceptable to Administrative Agent;

 

(i)                
Governmental Certificates. Certificates of the appropriate government officials of the state of incorporation or organization
of Parent and each Loan Party that is not a natural Person as to the existence and good standing of Parent and each Loan Party that is
not a natural Person, each dated as of a recent date hereof;

 

(j)                
Notes. The Notes executed by Borrowers in favor of each Lender requesting Notes;

 

(k)              
Security Documents; Intercreditor Agreement. The Security Documents (including the Intercreditor Agreement) executed by
Parent, Borrowers, the other Loan Parties, the Subordinated Lenders and Administrative Agent, in each case, as the case may be;

 

(l)                 Pledged
Equity Interests; Stock Powers; Pledged Notes. Subject to Section 6.17, Administrative Agent shall have received
(i) the certificates (if any) representing any Equity Interests pledged pursuant to the Security Documents, together with an
undated stock power for each such certificate executed in blank by a duly authorized officer of the pledgor thereof and
(ii) each promissory note (if any) pledged to Administrative Agent pursuant to the Security Documents endorsed (without
recourse) in blank (or accompanied by an executed transfer form in blank) by the pledgor thereof;

 

    CREDIT AGREEMENT – Page 88

     

    

 

(m)            
Financing Statements. UCC financing statements reflecting Parent (solely with respect to its pledge of the Equity Interests
in Company) and the Loan Parties, as debtors, and Administrative Agent, as secured party, which are required to grant a Lien which secures
the Obligations and covering such Collateral as Administrative Agent may request;

 

(n)              
Borrowing Base Report. Borrowing Base Report which calculates the Borrowing Base as of a date specified by Administrative
Agent prior to or on the Closing Date with customary supporting schedules and documentation;

 

(o)              
Field Examination. Such third-party field examinations and audits of the Borrowers’ Accounts, Inventory (including,
without limitation, the Generator Units), related working capital matters and of the Borrowers’ related data processing and other
systems and such other information or materials as Administrative Agent shall include within the scope of such third-party field examinations
and audits, the results of which shall be satisfactory to Administrative Agent in its sole discretion;

 

(p)              
Appraisals. Such third-party asset appraisals of each Borrowers’ Inventory (including, without limitation, the Generator
Units), which third-party appraisal shall be in form and substance satisfactory to Administrative Agent in its sole discretion;

 

(q)              
Corporate Structure. The corporate structure, capital structure and other material debt instruments, material accounts and
governing documents of Parent, the Company and its Subsidiaries shall be acceptable to Administrative Agent in its reasonable discretion;

 

(r)               
Insurance Matters. Subject to Section 6.17, copies of insurance certificates describing all insurance policies
required by Section 6.5, together with lender loss payable and additional insured endorsements in favor of Administrative
Agent with respect to all insurance policies covering Collateral;

 

(s)               
Lien Searches. The results of UCC, tax lien and judgment lien searches showing all financing statements and other documents
or instruments on file against each Loan Party in the appropriate filing offices, such search to be as of a date no more than thirty (30)
days prior to the date hereof, and reflecting no Liens against any of the intended Collateral other than Liens being released or assigned
to Administrative Agent concurrently with the initial Credit Extension and Permitted Liens;

 

(t)                
Opinion of Counsel. A favorable opinion of Fennemore Craig, P.C., legal counsel to each Loan Party, as to such matters as
Administrative Agent may reasonably request;

 

    CREDIT AGREEMENT – Page 89

     

    

 

(u)              
 Attorneys’ Fees and Expenses. Evidence that the costs and expenses (including reasonable attorneys’ fees) referred
to in Section 11.1, to the extent invoiced, shall have been paid in full by Borrowers;

 

(v)              
Financial Statements. The financial statements set forth in Section 5.2;

 

(w)            
Financial Projections. Pro forma consolidated financial statements for Company and its Subsidiaries, and projections prepared
by management of Company, of balance sheets, income statements and cash flow statements on a quarterly basis for the first year following
the Closing Date and on an annual basis for each year thereafter during the term of this Agreement, which shall not be inconsistent with
any financial information or projections previously delivered to Administrative Agent;

 

(x)              
KYC Information; Beneficial Ownership. Each Loan Party shall have provided to Administrative Agent and the Lenders (i) the
documentation and other information requested by Administrative Agent as it deems necessary in order to comply with requirements of any
anti-money laundering Laws, including, without limitation, the Patriot Act and any applicable “know your customer” rules and
regulations and (ii) at least three (3) Business Days prior to the Closing Date, any Borrower that qualified as a “legal entity
customer” under the Beneficial Ownership Regulation shall deliver a Beneficial Ownership Certification in relation to such Borrower;

 

(y)              
Minimum Availability. Evidence that, immediately after giving effect to the initial Credit Extension hereunder, Availability
shall be at least $5,000,000;

 

(z)              
Legal Due Diligence. Administrative Agent and its counsel shall have completed all legal due diligence (including review
of any material agreements disclosed on Schedule 5.26), the results of which shall be satisfactory to Administrative Agent
in its sole discretion;

 

(aa)           
Closing Fees. Evidence that (i) all fees required to be paid to Administrative Agent and Arranger on or before the Closing
Date have been paid, and (ii) all fees required to be paid to the Lenders on or before the Closing Date have been paid; and

 

(bb)          
Additional Documentation. Such additional approvals, opinions, or documents as Administrative Agent or its legal counsel
may reasonably request.

 

For purposes of determining
compliance with the conditions set forth in this Section 4.1, each Lender that has signed this Agreement shall be deemed
to have consented to, approved or accepted or be satisfied with, each document or other matter required thereunder to be consented to
or approved by or be acceptable or satisfactory to a Lender unless Administrative Agent shall have received notice from such Lender prior
to the proposed Closing Date specifying its objection thereto.

 

Section 4.2           
All Extensions of Credit. The obligation of Lenders to make any Credit Extension hereunder (including the initial
Credit Extension) is subject to the following additional conditions precedent:

 

    CREDIT AGREEMENT – Page 90

     

    

 

(a)              
 Request for Credit Extension. Administrative Agent shall have received in accordance with this Agreement, as the case may
be, a Borrowing Request, Letter of Credit Application, or Swing Line Loan Request, as applicable, pursuant to Administrative Agent’s
requirements and executed by a Responsible Officer of the Borrower Representative;

 

(b)              
No Default. No Default or Event of Default shall have occurred and be continuing, or would result from or after giving effect
to such Credit Extension;

 

(c)              
No Material Adverse Effect. No Material Adverse Effect shall have occurred and no circumstance shall exist that could reasonably
be expected to have a Material Adverse Effect;

 

(d)              
Representations and Warranties. All of the representations and warranties of each Borrower and each other Loan Party contained
in Article 5 and in the other Loan Documents shall (i) with respect to representations and warranties that contain
a materiality qualification, be true and correct on and as of the date of such Borrowing, and (ii) with respect to representations
and warranties that do not contain a materiality qualification, be true and correct in all material respects on and as of the date of
such Borrowing, in each case with the same force and effect as if such representations and warranties had been made on and as of such
date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be
true and correct in all material respects (or in the case of such representations and warranties that contain a materiality qualification,
in all respects) as of such earlier date, and except that for purposes of this Section 4.2, the representations and
warranties contained in Section 5.2 shall be deemed to refer to the most recent statements furnished pursuant to Section 6.1(a)
and (b), respectively; and

 

(e)              
Availability Under Revolving Credit Facility. With respect to any request for a Credit Extension under the Commitments,
immediately after giving effect to the Credit Extension so requested, the total Revolving Credit Exposure of the Lenders shall not exceed
the lesser of (i) the Borrowing Base in effect as of the date of such Credit Extension and (ii) the aggregate Commitments of
the Lenders in effect as of the date of such Credit Extension.

 

Each Credit Extension hereunder shall be deemed
to be a representation and warranty by each Borrower that the conditions specified in this Section 4.2 have been satisfied
on and as of the date of the applicable Credit Extension.

 

Article 5.

REPRESENTATIONS AND WARRANTIES

 

To induce Administrative Agent
and Lenders to enter into this Agreement, and to make Credit Extensions hereunder, each Loan Party represents and warrants to Administrative
Agent and Lenders that:

 

Section 5.1           
Entity Existence. Each Loan Party and each Subsidiary thereof (a) is duly incorporated or organized, as the
case may be, validly existing, and in good standing under the Laws of the jurisdiction of its incorporation or organization; (b) has
all requisite power and authority to own its assets and carry on its business as now being or as proposed to be conducted; and (c) is
qualified to do business in all jurisdictions in which the nature of its business makes such qualification necessary and where failure
to so qualify could reasonably be expected to have a Material Adverse Effect. Each of the Loan Parties has the power and authority to
execute, deliver, and perform its obligations under this Agreement and the other Loan Documents to which it is or may become a party.

 

    CREDIT AGREEMENT – Page 91

     

    

 

 

Section 5.2           
Financial Statements; Etc. Company has delivered to Administrative Agent (a) audited financial statements of
Company and its Subsidiaries as of and for the fiscal year ended December 31, 2017 and (b) unaudited consolidated and consolidating financial
statements of Company and its Subsidiaries as of and for the calendar month and the portion of the fiscal year ended November 30, 2018.
Such financial statements are true and correct, have been prepared in accordance with GAAP, and fairly and accurately present, on a consolidated
basis, the financial condition of Company and its Subsidiaries as of the respective dates indicated therein and the results of operations
for the respective periods indicated therein. Neither Company nor any of its Subsidiaries has any material contingent liabilities, liabilities
for taxes, unusual forward or long-term commitments, unrealized or anticipated losses from any unfavorable commitments except as referred
to or reflected in such financial statements. No Material Adverse Effect and no circumstance which could reasonably be expected to result
in a Material Adverse Effect has occurred since the effective date of the financial statements referred to in this Section 5.2.
All projections delivered by the Borrower Representative to Administrative Agent and Lenders have been prepared in good faith, with care
and diligence and using assumptions that are reasonable under the circumstances at the time such projections were prepared and delivered
to Administrative Agent and Lenders and all such assumptions are disclosed in the projections. Other than the Debt listed on Schedule 7.1
and Debt otherwise permitted by Section 7.1, Company and each Subsidiary have no Debt.

 

Section 5.3           
Action; No Breach. The execution, delivery, and performance by each Loan Party of this Agreement and the other
Loan Documents to which such Person is or may become a party and compliance with the terms and provisions hereof and thereof have been
duly authorized by all requisite action on the part of such Person and do not and will not (a) violate or conflict with, or result
in a breach of, or require any consent under (i) the Constituent Documents of such Person (if such Person is not a natural person),
(ii) any applicable Law, rule, or regulation or any order, writ, injunction, or decree of any Governmental Authority or arbitrator,
or (iii) any agreement or instrument to which such Person is a party or by which it or any of its Properties is bound or subject
which could reasonably be expected to have a Material Adverse Effect, or (b) constitute a default under any such agreement or instrument
which could reasonably be expected to have a Material Adverse Effect, or result in the creation or imposition of any Lien upon any of
the revenues or assets of such Person.

 

Section 5.4           
Operation of Business. Each Loan Party and its Subsidiaries possesses all licenses, permits, consents, authorizations,
franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its respective businesses substantially
as now conducted and as presently proposed to be conducted, and no Loan Party or any of its Subsidiaries is in violation of any valid
rights of others with respect to any of the foregoing which could reasonably be expected to have a Material Adverse Effect.

 

    CREDIT AGREEMENT – Page 92

     

    

 

Section 5.5           
Litigation and Judgments. Except as specifically disclosed in Schedule 5.5 as of the date
hereof, there is no action, suit, investigation, or proceeding before or by any Governmental Authority or arbitrator pending, or to the
knowledge of any Loan Party after a reasonable investigation, threatened against or affecting any Loan Party or any of its Subsidiaries
or against any of their Properties that could, if adversely determined, reasonably be expected to have a Material Adverse Effect. As
of the Closing Date, there are no outstanding judgments against any Loan Party or any of its Subsidiaries. Since the date hereof, there
has been no adverse change in the status of any matter set forth on Schedule 5.5 that, taking into account the availability
of any appeals, could reasonably be expected to increase materially the likelihood of a Material Adverse Effect resulting therefrom.

 

Section 5.6           
Rights in Properties; Liens.

 

(a)              
Each Loan Party and its Subsidiaries has good and indefeasible title to or valid leasehold interests in its respective Properties,
including the Properties reflected in the financial statements described in Section 5.2, and none of the Properties
of any Loan Party or any of its Subsidiaries is subject to any Lien, except Permitted Liens.

 

(b)              
Schedule 5.6(b) sets forth a complete and accurate list of all real Property owned by each Loan Party and each of
its Subsidiaries on the Closing Date, showing as of the date hereof the street address, county or other relevant jurisdiction, state and
record owner thereof. Each Loan Party and each of its Subsidiaries has good, indefeasible and insurable fee simple title to the real Property
owned by such Loan Party or such Subsidiary.

 

(c)              
Schedule 5.6(c) sets forth a complete and accurate list of all Leases under which any Loan Party or any of its Subsidiaries
is the lessee on the Closing Date, showing as of the date hereof the street address, county or other relevant jurisdiction, state, lessor,
lessee, expiration date and annual rental cost thereof. Each such Lease is a legal, valid and binding obligation of the lessor thereof,
enforceable in accordance with its terms, except as enforceability is limited by bankruptcy, insolvency, reorganization, moratorium or
other applicable Laws relating to or affecting generally the enforcement of creditors’ rights and except to the extent that availability
of the remedy of specific performance or injunctive relief is subject to the discretion of the court before which any proceeding therefor
may be brought.

 

Section 5.7           
Enforceability. This Agreement constitutes, and the other Loan Documents to which any Loan Party is a party,
when delivered, shall constitute legal, valid, and binding obligations of such Person, enforceable against such Person in accordance
with their respective terms, except as limited by Debtor Relief Laws.

 

Section 5.8           
Approvals. No authorization, approval, or consent of, and no filing or registration with, any Governmental Authority
or third party (other than filings and registrations to perfect Liens) is or will be necessary for the execution, delivery, or performance
by any Loan Party of this Agreement and the other Loan Documents to which such Person is or may become a party or the validity or enforceability
thereof.

 

    CREDIT AGREEMENT – Page 93

     

    

 

Section 5.9           
Taxes. Each Loan Party and its Subsidiaries has filed on a timely basis all Tax Returns required to be filed,
including all income, franchise, employment, Property, and sales Tax Returns. Each such Tax Return is true, correct and complete in all
respects. Each Loan Party and its Subsidiaries has paid all of its respective liabilities for Taxes, assessments, governmental charges,
and other levies that are due and payable (whether or not shown on any Tax Return), other than Taxes, if any, set forth on Schedule
5.9, the payment of which is being contested in good faith and by appropriate proceedings and reserves for the payment of which
are being maintained in accordance with GAAP. Each Loan Party knows of no pending investigation of any Loan Party or any of its Subsidiaries
by any taxing authority or of any pending but unassessed tax liability of any Loan Party or any of its Subsidiaries. No claim has ever
been made or is expected to be made by any Governmental Authority in a jurisdiction where any Loan Party or its Subsidiaries does not
file Tax Returns that it is or may be subject to taxation by that jurisdiction. Each Loan Party and its Subsidiaries has not given or
been requested to give waivers or extensions (or is or would be subject to a waiver or extension given by any other Person) of any statute
of limitations relating to the payment of Taxes of each Loan Party or its Subsidiaries or for which each Loan Party or its Subsidiaries
may be liable. No Loan Party or any Subsidiary thereof is, or has been party to any Tax sharing agreement, Tax allocation agreement,
Tax indemnity obligation or similar written or unwritten agreement, arrangement, understanding or practice with respect to Taxes.

 

Section 5.10       
Use of Proceeds; Margin Securities. The proceeds of the Revolving Credit Borrowings shall be used by Borrowers
for working capital in the ordinary course of business, capital expenditures and other general corporate purposes. No Loan Party nor
any of its Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose
of purchasing or carrying margin stock (within the meaning of Regulations T, U, or X of the Board of Governors of the Federal Reserve
System), and no part of the proceeds of any Loan will be used to purchase or carry any margin stock or to extend credit to others for
the purpose of purchasing or carrying margin stock. No part of the proceeds of any Loan will be used directly or indirectly to fund any
operations in, finance any investments or activities in or make any payments to, a Sanctioned Person, or in any other manner that will
result in any violation by any Person (including any Lender, any Arranger or Administrative Agent) of any Anti-Terrorism Laws, Anti-Corruption
Laws or any Sanctions.

 

Section 5.11       
ERISA; Canadian Defined Benefit Plans.

 

(a)               Each
Plan that is intended to qualify under Section 401(a) of the Code has received a favorable determination letter from the IRS or
an application for such a letter is currently being processed by the IRS with respect thereto and, to the knowledge of each Loan
Party, nothing has occurred which would prevent, or cause the loss of, such qualification. No application for a funding waiver or an
extension of any amortization period pursuant to Section 412 of the Code has been made with respect to any Plan. There are no
pending or, to the knowledge of any Loan Party, threatened claims, actions or lawsuits, or action by any Governmental Authority with
respect to any Plan or Multiemployer Plan. There has been no Prohibited Transaction or violation of the fiduciary responsibility
rules with respect to any Plan or Multiemployer Plan. No ERISA Event has occurred or is reasonably expected to occur. No Plan has
any Unfunded Pension Liability. No Multiemployer Plan is insolvent within the meaning of Section 4245 of ERISA. No Loan Party or
ERISA Affiliate has incurred, or reasonably expects to incur, any liability under Title IV of ERISA with respect to any Plan (other
than premiums due and not delinquent under Section 4007 of ERISA). No Loan Party or ERISA Affiliate has incurred, or reasonably
expects to incur, any liability (and no event has occurred which, with the giving of notice under Section 4219 of ERISA, would
result in such liability) under Section 4201 of ERISA with respect to a Multiemployer Plan. No Loan Party or ERISA Affiliate
has engaged in a transaction that could be subject to Section 4069 or 4212(c) of ERISA.

 

    CREDIT AGREEMENT – Page 94

     

    

 

(b)              
No Loan Party sponsors, maintains, participates in, contributes to, or has otherwise incurred liability under, a Canadian Defined
Benefit Plan.

 

Section 5.12       
Disclosure.

 

(a)              
No statement, information, report, representation, or warranty made by any Loan Party in this Agreement or in any other Loan Document
or furnished to Administrative Agent or any Lender in connection with this Agreement or any of the transactions contemplated hereby contains
any untrue statement of a material fact or omits to state any material fact necessary to make the statements herein or therein not misleading.
There is no fact known to any Loan Party which could reasonably be expected to have a Material Adverse Effect, or which might in the future
could reasonably be expected to have a Material Adverse Effect that has not been disclosed in writing to Administrative Agent and each
Lender.

 

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

 

Section 5.13       
Subsidiaries. No Loan Party has any Subsidiaries other than those listed on Schedule 5.13
(and, if subsequent to the Closing Date, such additional Subsidiaries have been formed or acquired in compliance with Section 6.13(a))
and Schedule 5.13 sets forth the jurisdiction of incorporation or organization of each Subsidiary and the percentage
of each Loan Party’s ownership interest in such Subsidiary. Schedule 5.13 also sets forth the name and jurisdiction
of incorporation or organization of Parent and the percentage of Parent’s ownership interest in Company. All of the outstanding
capital stock or other Equity Interests of Parent and each Subsidiary described on Schedule 5.13 have been validly
issued, are fully paid, and are nonassessable. There are no outstanding subscriptions, options, warrants, calls, rights or other agreements
or commitments of any nature relating to any Equity Interests of any Loan Party or any Subsidiary.

 

Section 5.14       
Agreements. No Loan Party nor any of its Subsidiaries is a party to any indenture, loan, or credit agreement,
or to any lease or other agreement or instrument, or subject to any charter or corporate or other organizational restriction, in each
case which could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. No Loan Party nor any of
its Subsidiaries is in default in any respect in the performance, observance, or fulfillment of any of the obligations, covenants, or
conditions contained in any agreement or instrument material to its business to which it is a party which could, individually or in the
aggregate, reasonably be expected to have a Material Adverse Effect.

 

    CREDIT AGREEMENT – Page 95

     

    

 

Section 5.15       
Compliance with Laws. No Loan Party nor any of its Subsidiaries is in violation in any material respect of any
Law, rule, regulation, order, or decree of any Governmental Authority or arbitrator.

 

Section 5.16       
Inventory. All Inventory of each Loan Party and its Subsidiaries has been and will hereafter be produced or
maintained in compliance with all applicable Laws, rules, regulations, and governmental standards, including, without limitation, the
minimum wage and overtime provisions of the Fair Labor Standards Act (29 U.S.C. §§ 201-219).

 

Section 5.17       
Regulated Entities. No Loan Party nor any of its Subsidiaries is (a) an “investment company”
or a company “controlled” by an “investment company” within the meaning of the Investment Company Act
of 1940 or (b) subject to regulation under any other federal or state statute, rule or regulation limiting its ability to incur
Debt, pledge its assets or perform its obligations under the Loan Documents. No Loan Party is an Affected Financial Institution.

 

Section 5.18       
Environmental Matters.

 

(a)              
Each Loan Party and its Subsidiaries, and all of their respective Properties, assets, and operations, are in compliance with all
Environmental Laws. No Loan Party is aware of, nor has any Loan Party received notice of, any past, present, or future conditions, events,
activities, practices, or incidents which may interfere with or prevent the compliance or continued compliance of each Loan Party and
its Subsidiaries with all Environmental Laws;

 

(b)              
Each Loan Party and its Subsidiaries has obtained all permits, licenses, and authorizations that are required under applicable
Environmental Laws, and all such permits are in good standing and each Loan Party and its Subsidiaries are in compliance with all of the
terms and conditions of such permits;

 

(c)              
No Hazardous Materials exist on, about, or within, or have been used, generated, stored, transported, disposed of on, or Released
from, any of the Properties or assets of any Loan Party or any of its Subsidiaries in violation of, or in a manner or to a location that
could give rise to liability under, any applicable Environmental Laws. The use which each Loan Party and its Subsidiaries make and intend
to make of their respective Properties and assets will not result in the use, generation, storage, transportation, accumulation, disposal,
or Release of any Hazardous Material on, in, or from any of their Properties or assets in violation of, or in a manner that could give
rise to liability under, any applicable Environmental Laws;

 

(d)              
No Loan Party or any of its Subsidiaries nor any of their respective currently or previously owned or leased Properties or operations
is subject to any outstanding or threatened order from or agreement with any Governmental Authority or other Person or subject to any
judicial or docketed administrative proceeding with respect to (i) any failure to comply with Environmental Laws, (ii) any Remedial
Action, or (iii) any Environmental Liabilities arising from a Release or threatened Release;

 

    CREDIT AGREEMENT – Page 96

     

    

 

(e)              
 There are no conditions or circumstances associated with the currently or previously owned or leased Properties or operations
of any Loan Party or any of its Subsidiaries that could reasonably be expected to give rise to any Environmental Liabilities;

 

(f)               
No Loan Party nor any of its Subsidiaries is a treatment, storage, or disposal facility requiring a permit under the Resource Conservation
and Recovery Act, 42 U.S.C. § 6901 et seq., regulations thereunder or any comparable provision of state Law. Each Loan Party
and its Subsidiaries are in compliance with all applicable financial responsibility requirements of all Environmental Laws;

 

(g)              
No Loan Party nor any of its Subsidiaries has filed or failed to file any notice required under applicable Environmental Law reporting
a Release; and

 

(h)              
No Lien arising under any Environmental Law has attached to any Property or revenues of any Loan Party or any of its Subsidiaries.

 

Section 5.19       
Intellectual Property. Each Loan Party and each of its Subsidiaries owns, or is licensed to use, all Intellectual
Property necessary to conduct its business as currently conducted except for such Intellectual Property the failure of which to own or
license could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

 

Section 5.20       
Anti-Corruption Laws; Sanctions; Etc.

 

(a)              
No Loan Party, Subsidiary, Affiliate of any Loan Party or, to the knowledge of any Loan Party, any director, officer, employee,
agent, or Affiliate of a Loan Party or any of its Subsidiaries is an individual or entity (“person”) that is, or is
owned or Controlled by persons that are: (i) the subject of any Sanctions, or (ii) located, organized or resident in a country
or territory that is, or whose government is, the subject of Sanctions (including, Crimea, Cuba, Iran, North Korea, Sudan and Syria).

 

(b)              
The Loan Parties, their Subsidiaries and their respective directors, officers and employees and, to the knowledge of the Loan Parties,
the agents of the Loan Parties and their Subsidiaries, are in compliance with all applicable Sanctions and with the FCPA and any other
applicable Anti-Corruption Law, in all material respects. Each Loan Party and its Subsidiaries have instituted and maintain policies and
procedures designed to promote and achieve continued compliance with applicable Sanctions, the FCPA and any other applicable Anti-Corruption
Laws.

 

Section 5.21       
Patriot Act; Canadian AML Legislation. The Loan Parties, each of their Subsidiaries, and each of their Affiliates
are in compliance with (a) the Trading with the Enemy Act, and each of the foreign assets control regulations of the United States
Treasury Department (31 CFR, Subtitle B Chapter V, as amended), and all other enabling legislation or executive order
relating thereto, (b) the Patriot Act, (c) Canadian AML Legislation and (d) all other federal or state Laws relating to “know
your customer” (collectively, the “Anti-Terrorism Laws”).

 

Section 5.22       
Insurance. The Properties of each Loan Party and its Subsidiaries are insured with financially sound and reputable
insurance companies not Affiliates of any Loan Party, 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 such Loan Party or the applicable Subsidiary operates.

 

    CREDIT AGREEMENT – Page 97

     

    

 

Section 5.23       
Solvency. After giving effect to the transactions contemplated hereby (including each Credit Extension hereunder),
(a) the aggregate assets (after giving effect to amounts that could reasonably be received by reason of indemnity, offset, insurance
or any similar arrangement), at a fair valuation, of the Loan Parties, taken as a whole, will exceed the aggregate liabilities of the
Loan Parties on a consolidated basis, as their liabilities become absolute and mature, (b) each of the Loan Parties will not have
incurred or intended to incur, and will not believe that it will incur, liabilities beyond its ability to pay such liabilities (after
taking into account the timing and amounts of cash to be received by each of the Loan Parties and the amounts to be payable on or in
respect of its liabilities, and giving effect to amounts that could reasonably be received by reason of indemnity, offset, insurance
or any similar arrangement) as such liabilities become absolute and mature, and (c) each of the Loan Parties will not have (and
will have no reason to believe that it will have thereafter) unreasonably small capital for the conduct of its business.

 

Section 5.24       
Security Documents. The provisions of the Security Documents are effective to create in favor of Administrative
Agent for the benefit of the Secured Parties a legal, valid and enforceable Lien (subject to Permitted Liens) on all right, title and
interest of the respective Loan Parties party thereto in the Collateral. Except for filings completed prior to the Closing Date and as
contemplated hereby and by the Security Documents, no filing or other action will be necessary to perfect such Liens in Collateral.

 

Section 5.25       
Labor Matters. There are no labor controversies pending, or to the best knowledge of any Loan Party, threatened
against any Loan Party or any of its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

 

Section 5.26       
Material Agreements. Schedule 5.26 sets forth a complete and correct list of all agreements in
effect or to be in effect on the Closing Date and on the date of each update thereof required hereunder, to the extent that a default,
breach, termination or other impairment thereof could reasonably be expected to have a Material Adverse Effect.

 

Section 5.27       
Additional Representations of Guarantors. Each Guarantor (a) has received, or will receive, direct or indirect
benefit from the making of the Guaranty and the Obligations, and (b) is familiar with, and has independently reviewed the books and records
regarding, the financial condition of Borrowers and is familiar with the value of any and all Collateral intended to be created as security
for the payment of the Obligations, but such Guarantor is not relying on such financial condition, such Collateral, or the agreement
of any other party as an inducement to enter into this Agreement and provide the Guaranty. Each Guarantor confirms that neither Administrative
Agent, any Lender, any other Guarantor, nor any other party has made any representation, warranty or statement to such Guarantor in order
to induce such Guarantor to execute this Agreement and provide the Guaranty.

 

Section
5.28       
Qualified ECP Guarantor. Each Borrower is a Qualified ECP Guarantor.

 

    CREDIT AGREEMENT – Page 98

     

    

 

Article 6.

 

AFFIRMATIVE COVENANTS

 

Each Loan Party covenants
and agrees that, as long as the Obligations or any part thereof are outstanding or any Letter of Credit shall remain outstanding or any
Lender has any Commitment hereunder:

 

Section 6.1           
Reporting Requirements. Borrowers will furnish, or cause to be furnished, to Administrative Agent (with copies
for each Lender upon Administrative Agent’s request):

 

(a)              
Annual Financial Statements. As soon as available, and in any event within one hundred twenty (120) days after the last
day of each fiscal year of Company, a copy of the annual audit report of Company and its Subsidiaries for such fiscal year containing,
on a consolidated basis, balance sheets and statements of income, retained earnings, and cash flow as of the end of such fiscal year and
for the twelve (12)-month period then ended, in each case (other than for the fiscal year ending December 31, 2020) setting forth in comparative
form the figures for the preceding fiscal year, all in reasonable detail and audited and certified by independent certified public accountants
of recognized standing acceptable to Administrative Agent, to the effect that such report has been prepared in accordance with GAAP and
containing no material qualifications or limitations on scope;

 

(b)              
Interim Financial Statements. (i) At any time prior to and after the consummation of a Qualified IPO, as soon as available,
and in any event within thirty (30) days after the last day of each fiscal month, and (ii) at any time on or after the consummation of
a Qualified IPO, as soon as available, and in any event within fifty (50) days after the last day of each fiscal quarter (or, if earlier,
on the date on which FGS’s quarterly financial statements are required to be filed with the SEC after giving effect to any permitted
extensions pursuant to Rule 12b-25 under the Exchange Act)), in either case, a copy of an unaudited financial report of Company and its
Subsidiaries as of the end of such month or fiscal quarter, as applicable, and for the portion of the fiscal year then ended, containing,
on a consolidated basis, respectively, balance sheets and statements of income, retained earnings, and cash flow, in each case setting
forth in comparative form and figures for the corresponding period of the preceding fiscal year, all in reasonable detail certified by
a Responsible Officer of Company to have been prepared in accordance with GAAP and to fairly and accurately present (subject to year-end
audit adjustments) the financial condition and results of operations of Company and its Subsidiaries, on a consolidated basis, as of the
dates and for the periods indicated therein;

 

(c)               Borrowing
Base Report. As soon as available (or contemporaneously with a Disposition of Generator Packages, Generator Units or Field Units
pursuant to Section 7.8(f)), and in any event within twenty (20) days after the last day of each fiscal month, a
Borrowing Base Report, calculating the Borrowing Base and reflecting the components of the Borrowing Base, including (i) Eligible
Accounts of each of the Borrowers as of the end of the preceding month and calculating the advance amounts based thereon, together
with the Account Agings, (ii) Eligible Inventory, Eligible Generator Units, Eligible New Generator Units, and Eligible Field Units
of each of the Borrowers as of the end of the preceding month and calculating the advance amounts based thereon and (iii) such
worksheets detailing the Accounts excluded from Eligible Accounts and Inventory (including Generator Units and Field Units) excluded
from Eligible Inventory, Eligible Generator Units, Eligible New Generator Units and Eligible Field Units, as the case may be, and
the reason for such exclusion; provided that if a Trigger Period is in effect, a Borrowing Base Report and related
documentation shall be due on or before the third (3rd) Business Day of each week (or contemporaneously with a Disposition of
Generator Packages, Generator Units or Field Units pursuant to Section 7.8(f) during a Trigger Period) calculating the
Borrowing Base and reflecting the Eligible Accounts, the Eligible Inventory, Eligible Generator Units, Eligible New Generator Units
and Eligible Field Units of each of the Borrowers as of the end of the preceding week and calculating the advance amounts based
thereon. Such report shall also reflect the amount of sales and receipts of Borrowers during the preceding period and such other
information as Administrative Agent may reasonably request;

 

    CREDIT AGREEMENT – Page 99

     

    

 

(d)              
Compliance Certificate. Concurrently with the delivery of each of the financial statements referred to in Section 6.1(a)
and each of the financial statements delivered for each fiscal quarter or the last month of each fiscal quarter pursuant to Section
6.1(b), as applicable, a Compliance Certificate (i) certifying, in the case of the financial statements delivered under Sections
6.1(a) and 6.1(b), as applicable, that such statements present fairly in all material respects the financial condition
and results of operations of Company and its Subsidiaries on a consolidated basis in accordance with GAAP consistently applied, subject
to normal year-end audit adjustments and the absence of footnotes, (ii) stating that to the best of the knowledge of the Responsible
Officer executing same, no Default has occurred and is continuing, or if a Default has occurred and is continuing, a statement as to the
nature thereof and the action which is proposed to be taken with respect thereto, (iii) showing in reasonable detail the calculations
demonstrating compliance with the covenants set forth in Article 8 and calculation of the Leverage Ratio for purposes
of calculating the Applicable Margin, (iv) stating whether any change in GAAP or in the application thereof has occurred since the date
of the audited financial statements most recently delivered pursuant to Section 6.1(a) above and, if any such change has
occurred, specifying the effect of such change on the financial statements accompanying such certificate and (v) containing such other
certifications set forth therein. For any financial statements delivered electronically by a Responsible Officer in satisfaction of the
reporting requirements set forth in clause (a) or (b) preceding that are not accompanied by the required Compliance
Certificate, that Responsible Officer shall nevertheless be deemed to have certified the factual matters described in this clause
(d) with respect to such financial statements; however, such deemed certificate shall not excuse or be construed as a waiver of
Company’s obligation to deliver the required Compliance Certificate;

 

(e)               Projections.
Commencing with respect to the fiscal year ending December 31, 2019, as soon as available, but in any event not earlier than thirty
(30) days before and not later than thirty (30) days after the end of each fiscal year of Company, forecasts prepared by management
of Company, in form and substance satisfactory to Administrative Agent, of consolidated balance sheets of income or operations and
cash flows of Company and its Subsidiaries on a monthly basis for the immediately following fiscal year;

 

    CREDIT AGREEMENT – Page 100

     

    

 

(f)               
Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any
Governmental Authority or arbitrator affecting any Loan Party or any of its Subsidiaries which, if determined adversely to such Loan Party
or such Subsidiary, could reasonably be expected to have a Material Adverse Effect;

 

(g)              
Notice of Default. As soon as possible and in any event within five (5) days after the occurrence of any Default, a
written notice setting forth the details of such Default and the action that the applicable Loan Party has taken and proposes to take
with respect thereto;

 

(h)              
ERISA Reports. Promptly after the filing or receipt thereof, copies of all reports, including annual reports, and notices
which any Loan Party or ERISA Affiliate files with or receives from the PBGC, the IRS, or the U.S. Department of Labor under ERISA; as
soon as possible and in any event within five (5) days after any Loan Party or any ERISA Affiliate knows or has reason to know that
any ERISA Event or Prohibited Transaction has occurred with respect to any Plan or Multiemployer Plan, a certificate of the chief financial
officer or other Responsible Officer of the applicable Loan Party setting forth the details as to such ERISA Event or Prohibited Transaction
and the action that the applicable Loan Party proposes to take with respect thereto; annually, a copy of the notice described in Section 101(f)
of ERISA that any Loan Party or ERISA Affiliate files or receives with respect to a Plan or Multiemployer Plan;

 

(i)                
Updates to Security Document Schedules. Upon Administrative Agent’s request, at the time of delivery of the Compliance
Certificate delivered in connection with the financial statements pursuant to Sections 6.1(a) and 6.1(b),
updates to all Schedules to the Security Documents to the extent that information contained in such Schedules has become inaccurate or
incomplete since delivery thereof and such Schedules are required to be updated from time to time pursuant to the terms of the applicable
Security Document;

 

(j)                
Insurance. Upon Administrative Agent’s request, at the time of delivery of the Compliance Certificate delivered in
connection with the annual financial statements pursuant to Section 6.1(a), a report summarizing the insurance coverage
(specifying type, amount and carrier) in effect for each Loan Party and its Subsidiaries and containing such additional information as
Administrative Agent, or any Lender through Administrative Agent, may reasonably specify;

 

(k)              
Notice of Material Adverse Effect. As soon as possible and in any event within five (5) days after the occurrence thereof,
written notice of any event or circumstance that could reasonably be expected to have a Material Adverse Effect;

 

(l)                  Account
Agings. As soon as available and in any event within twenty (20) days (or earlier if a Trigger Period is in effect or if deemed
necessary by Administrative Agent in its sole discretion) after the end of each fiscal month, consolidated and consolidating agings
of all accounts payable and accounts receivable of the Borrowers (the “Account Agings”) showing each such
account which is current and each such account which is thirty (30), sixty (60), ninety (90), and over ninety (90) days past invoice
date and, with respect to accounts receivable, reconciling such aging with the Borrowing Base Reports;

 

    CREDIT AGREEMENT – Page 101

     

    

 

(m)            
Inventory Report(s).As soon as available and in any event within twenty (20) days after the end of each calendar month
(or earlier if a Trigger Period is in effect or if deemed necessary by Administrative Agent in its sole discretion), an Inventory perpetual
report for the Borrowers and a schedule that lists Inventory (including Generator Units and Field Units) by item, quantity, cost, location,
customer, utilization, leased or rented out or held for lease or rent, appraised or not appraised in most recent appraisal, and eligible
or ineligible as Eligible Inventory;

 

(n)              
Monthly Customer Statements. If requested by Administrative Agent, as soon as available and in any event within twenty (20)
days (or earlier to the extent available and a Trigger Period is then in effect) after the end of each fiscal month, monthly customer
statements of the Borrowers;

 

(o)              
Notice of Certain Changes. Promptly, (i) notice of any change in the business conducted by any Loan Party or any of
its Subsidiaries, (ii) copies of any amendment, restatement, supplement or other modification to any of the Constituent Documents
of any Loan Party or any of its Subsidiaries and (iii) notice of any change in the information provided in the Beneficial Ownership Certification
that would result in a change to the list of beneficial owners identified in parts (c) or (d) of such certification;

 

(p)              
Management Letters. Promptly upon receipt thereof, a copy of any management letter or written report submitted to Company
or any of its Subsidiaries by independent certified public accountants with respect to the business, condition (financial or otherwise),
operations, prospects, or Properties of Company or any of its Subsidiaries;

 

(q)              
General Information. Promptly, such other information concerning any Loan Party, any of its Subsidiaries or any of their
respective Properties as Administrative Agent, or any Lender through Administrative Agent, may from time to time request, including, without
limitation, any certification or other evidence Administrative Agent requests in order for it to (i) comply with any applicable federal,
state, provincial or territorial Laws or regulations (including, but not limited to, information about the ownership and management of
any Loan Party), (ii) confirm compliance by any Loan Party with all Anti-Terrorism Laws, and (iii) confirm that no Loan Party
(nor any Person owning any interest of any nature whatsoever in any Loan Party) is a Sanctioned Person;

 

(r)                Quarterly
Financial Statements. As soon as available, and in any event within sixty (60) days after the last day of each fiscal quarter of
FlexEnergy, a copy of an unaudited financial report of FlexEnergy and its Subsidiaries as of the end of such quarter and for the
portion of the fiscal year then ended, containing, on a consolidated basis, respectively, balance sheets and statements of income,
retained earnings, and cash flow, in each case setting forth in comparative form and figures for the corresponding period of the
preceding fiscal year, all in reasonable detail and prepared in accordance with GAAP and to fairly and accurately present (subject
to year-end audit adjustments) the financial condition and results of operations of FlexEnergy and its Subsidiaries, on a
consolidated basis, as of the dates and for the periods indicated therein; and

 

    CREDIT AGREEMENT – Page 102

     

    

 

(s)               
Additional Information. If requested by Administrative Agent, (i) cash receipt journals or copies of checks, invoices for
new billings, sales journals and backup for all miscellaneous credits and debits, purchases journals and cost of goods sold reports and
inventory reports, which support a Borrowing Base report, (ii) a schedule detailing each Borrower’s Inventory, in form satisfactory
to Administrative Agent, (A) by location (showing Inventory in transit and any Inventory located with a third party under any consignment,
bailee arrangement or warehouse agreement), by product type (including Generator Units or Field Units), and by volume on hand, which Inventory
shall be valued at the lower of cost or market (which approximates cost) and adjusted for Availability Reserves as Administrative Agent
has previously indicated to the Borrowers are deemed by Administrative Agent to be appropriate, and (B) including a report of any variances
or other results of Inventory counts performed by the Borrowers since the last Inventory schedule (including information regarding sales
or other reductions, additions, returns, credits issued by the Borrowers and complaints and claims made against any Borrower) and (iii)
a status report regarding each uptime energy, servicing or lease agreement covering any Generator Unit or Field Units, including whether
such uptime energy, servicing or lease agreement has been amended, restated, modified or terminated during such period and delivering
a copy of any new uptime energy, servicing or lease agreement or any amendment, modification or termination of any uptime energy, servicing
or lease agreement.

 

All representations and warranties set forth in
the Loan Documents with respect to any financial information concerning any Loan Party shall apply to all financial information delivered
to Administrative Agent by such Loan Party, or any Person purporting to be a Responsible Officer of such Loan Party or other representative
of such Loan Party regardless of the method of such transmission to Administrative Agent or whether or not signed by such Loan Party,
or such Responsible Officer or other representative, as applicable.

 

Section 6.2           
Maintenance of Existence; Conduct of Business. Each Loan Party shall, and shall cause each of its Subsidiaries
to, preserve and maintain its existence and all of its leases, privileges, licenses, permits, franchises, qualifications, and rights
that are necessary or desirable in the ordinary conduct of its business, except to the extent a failure to so preserve and maintain could
not reasonably be expected to have a Material Adverse Effect. Each Loan Party shall, and shall cause each of its Subsidiaries to, conduct
its business in an orderly and efficient manner in accordance with good business practices.

 

Section 6.3           
Maintenance of Properties. Each Loan Party shall, and shall cause each of its Subsidiaries to, maintain, keep,
and preserve all of its Properties (tangible and intangible) necessary or useful in the proper conduct of its business in good working
order and condition (reasonable wear and tear excepted).

 

Section 6.4           
Taxes and Claims. Each Loan Party shall, and shall cause each of its Subsidiaries to, pay or discharge at or
before maturity or before becoming delinquent (a) all Taxes, levies, assessments, and governmental charges imposed on it or its
income or profits or any of its Property, and (b) all lawful claims for labor, material, and supplies, which, if unpaid, might become
a Lien upon any of its Property; provided, however, that no Loan Party nor any of its Subsidiaries shall be required to
pay or discharge any Tax, levy, assessment, or governmental charge which is being contested in good faith by appropriate proceedings
diligently pursued, and for which adequate reserves in accordance with GAAP have been established.

 

    CREDIT AGREEMENT – Page 103

     

    

 

Section 6.5            Insurance.
Each Loan Party shall, and shall cause each of its Subsidiaries to, maintain insurance with financially sound and reputable
insurance companies satisfactory to Administrative Agent in such amounts and covering such risks as is usually carried by companies
engaged in similar businesses and owning similar Properties in the same general areas in which such Loan Party and its Subsidiaries
operate, provided that in any event each Loan Party will maintain and cause each of its Subsidiaries to maintain workmen’s
compensation insurance, property insurance and comprehensive general liability insurance with coverage amounts and deductibles
reasonably satisfactory to Administrative Agent. Each insurance policy shall name Administrative Agent as lender loss payee or
additional insured, as applicable, and each such insurance policy shall provide that such policy will not be cancelled or reduced
without 30 days’ prior written notice to Administrative Agent (or 10 days in the case of nonpayment of premium).

 

Section 6.6           
Inspection Rights; Field Examinations; Appraisals.

 

(a)              
Each Loan Party shall, and shall cause each of its Subsidiaries to, permit representatives and independent contractors of Administrative
Agent and each Lender (i) to examine, inspect, review, evaluate and make physical verifications of the Inventory (including Generator
Units and Field Units) and other Collateral in any manner and through any medium that Administrative Agent or such Lender considers advisable,
(ii) to visit and inspect its Properties, (iii) to examine its corporate, financial and operating records, and make copies thereof or
abstracts therefrom and (iv) to discuss its affairs, business, operations, financial condition and accounts with its directors, officers,
employees and independent certified public accountants, all at the expense of Borrowers and at such reasonable times during normal business
hours and as often as may be reasonably requested; provided that, other than with respect to such visits and inspections during the continuance
of an Event of Default, (A) only Administrative Agent on behalf of the Lenders may exercise rights under this clause (a)
and (B) subject to Section 6.6(c), Administrative Agent shall not exercise such rights more often than one time during any
period of twelve (12) consecutive months; provided, further, that when an Event of Default exists Administrative Agent or any Lender (or
any of their respective representatives or independent contractors) may do any of the foregoing under this Section at the expense of Borrowers
and at any time during normal business hours and without advance notice.

 

(b)               Each
Loan Party shall, and shall cause each of its Subsidiaries to, permit any representatives designated by Administrative Agent
(including any consultants, accountants, lawyers and appraisers retained by Administrative Agent) to conduct field exams of the
Accounts of the Loan Parties all at the expense of Borrowers and at such reasonable times; provided that Borrowers shall not
be required to pay for more than one such field exam in any period of twelve (12) consecutive months unless an Event of Default has
occurred and is continuing (in which case any limit of the number of field exams Administrative Agent may conduct shall not apply
and any such field exams conducted when an Event of Default has occurred and is continuing shall be at the sole cost and expense of
Borrowers).

 

    CREDIT AGREEMENT – Page 104

     

    

 

(c)              
Each Loan Party shall, and shall cause each of its Subsidiaries to, permit any representatives designated by Administrative Agent
(including any consultants, accountants, lawyers and appraisers retained by Administrative Agent) to conduct third-party appraisals or
updates thereof of the Inventory (including Generator Units and Field Units) owned by the Loan Parties, all at the expense of Borrowers
and at such reasonable times; provided that Borrowers shall not be required to pay for more than two such third-party appraisals
in any period of twelve (12) consecutive months unless an Event of Default has occurred and is continuing (in which case any such third-party
appraisal conducted when an Event of Default has occurred and is continuing shall be at the sole cost and expense of Borrowers).

 

Section 6.7           
Keeping Books and Records. Each Loan Party shall, and shall cause each of its Subsidiaries to, maintain proper
books of record and account in which full, true, and correct entries in conformity with GAAP shall be made of all dealings and transactions
in relation to its business and activities.

 

Section 6.8           
Compliance with Laws. Each Loan Party shall, and shall cause each of its Subsidiaries to, comply in all material
respects with all applicable Laws (including, without limitation, all Anti-Terrorism Laws, Anti-Corruption Laws and applicable Sanctions)
and decrees of any Governmental Authority or arbitrator.

 

Section 6.9           
Compliance with Agreements. Each Loan Party shall, and shall cause each of its Subsidiaries to, comply in all
material respects with all agreements, contracts, and instruments binding on it or affecting its Properties or business, except to the
extent a failure to so comply could not reasonably be expected to have a Material Adverse Effect.

 

Section 6.10       
Further Assurances. Each Loan Party shall, and shall cause each of its Subsidiaries and each other Loan Party
to, execute and deliver such further agreements and instruments and take such further action as may be reasonably requested by Administrative
Agent or any Lender to carry out the provisions and purposes of this Agreement and the other Loan Documents and to create, preserve,
and perfect the Liens of Administrative Agent in the Collateral.

 

Section 6.11       
ERISA. Each Loan Party shall, and shall cause each of its Subsidiaries to, comply with all minimum funding requirements,
and all other material requirements, of ERISA and the Code, if applicable, so as not to give rise to any liability thereunder.

 

Section 6.12       
Depository Relationship; Control Agreements; Blocked Accounts. Within sixty (60) days after the Closing Date
(or such longer period as agreed to by Administrative Agent in its sole discretion), each Loan Party shall, and shall cause each of its
Subsidiaries to, (a) use the financial institution serving as Administrative Agent as its principal depository bank, including for the
maintenance of business, cash management, operating and administrative deposit accounts, (b) cause all commodity accounts, deposit accounts
and securities accounts (in each case, excluding those accounts which are Excluded Accounts) to be subject to a Control Agreement in
favor of Administrative Agent, in form and substance reasonably satisfactory to Administrative Agent, which provides that Administrative
Agent shall have exclusive “Control” (as defined in the UCC) of such account and (c) will cause all collection and other
Receipts to be directed to Blocked Accounts in accordance with Section 2.11. Loan Parties will at all times maintain Blocked
Accounts required by Section 2.11.

 

    CREDIT AGREEMENT – Page 105

     

    

 

Section 6.13       
Additional Loan Parties; Additional Collateral.

 

(a)              
Each Loan Party shall notify Administrative Agent at the time that any Person becomes a Subsidiary of such Loan Party, and promptly
thereafter (and in any event within thirty (30) days (or such longer period as agreed to by Administrative Agent in its sole discretion))
(i) execute and deliver or cause to be delivered to Administrative Agent all Security Documents, stock certificates, stock powers and
other agreements and instruments as may be requested by Administrative Agent to ensure that Administrative Agent has a perfected Lien
on all ownership interests (other than Excluded Assets) held by such Loan Party in such Subsidiary, and (ii) cause such new Subsidiary
to (A) become a Guarantor and/or a Borrower by executing and delivering to Administrative Agent a Guaranty (or a joinder to Guaranty)
and/or a Joinder Agreement, (B) execute and deliver all Security Documents (or joinders or assumptions thereto) requested by Administrative
Agent pledging to Administrative Agent for the benefit of the Secured Parties all of its Property (other than Excluded Assets or such
other exceptions as Administrative Agent may permit) and take all actions required by Administrative Agent to grant to Administrative
Agent for the benefit of Secured Parties a perfected first priority (subject to Permitted Liens) security interest in such Property, including
the filing of UCC and/or PPSA financing statements in such jurisdictions as may be requested by Administrative Agent, and (C) deliver
to Administrative Agent such other documents and instruments as Administrative Agent may require, including appropriate favorable opinions
of counsel to such Person in form, content and scope reasonably satisfactory to Administrative Agent.

 

(b)              
Company will at all times cause Parent or any other holder of the direct Equity Interests in Company to be a party to the Parent
Pledge Agreement and pledge 100% of the Equity Interests in Company that such Person owns (including, to the extent such Equity Interests
are certificated, delivery of original stock certificates evidencing such Equity Interests, together with an appropriate undated membership
power for each certificate duly executed in blank by the registered owner thereof).

 

(c)              
Each Loan Party will cause 100% of the issued and outstanding Equity Interests of each of its Subsidiaries to be subject at all
times to a first priority, perfected Lien in favor of the Administrative Agent, for the benefit of the Administrative Agent and the other
Secured Parties, pursuant to the terms and conditions of the Loan Documents or other Security Documents as Administrative Agent shall
reasonably request.

 

(d)              
Company will at all times cause Canadian Borrower to be a party to the Canadian Security Agreement.

 

Section 6.14       
Inventory; Collateral Access Agreements. If any Loan Party’s Inventory is located at a location leased by
such Loan Party or in the possession or control of any Person (other than a customer of such Loan Party), the Borrower Representative
shall notify the landlord or such Person, as applicable, of Administrative Agent’s security interest therein and, upon request
by Administrative Agent, instruct such Person to execute a Collateral Access Agreement or otherwise acknowledge in writing its agreement
to hold all such Inventory for the benefit of Administrative Agent and subject to Administrative Agent’s instructions; provided
that if the Borrower Representative is unable to have such Person execute a Collateral Access Agreement, then such failure shall not
constitute a Default or Event of Default under this Agreement, but Administrative Agent may establish a Rent Reserve. If so requested
by Administrative Agent, the Borrower Representative and such other Loan Parties (as promptly as possible after requested by Administrative
Agent but in any event within five (5) Business Days after any such request is made) will deliver (i) to Administrative Agent warehouse
receipts covering any Loan Party’s Inventory located in warehouses showing Administrative Agent as the beneficiary thereof and
(ii) to the warehouseman such agreements relating to the release of warehouse Inventory as Administrative Agent may reasonably request.

 

    CREDIT AGREEMENT – Page 106

     

    

 

Section 6.15       
Certificates of Title. The Loan Parties shall (a) cause Administrative Agent to be named as lienholder on all
of their (i) Generator Units that are evidenced by a certificate of title, (ii) New Generator Units acquired after the Closing Date that
are evidenced by a certificate of title and (iii) Field Units that are evidenced by a certificate of title, in each case, in accordance
with Section 4.3(d) of the U.S. Security Agreement and (b) identify the location and serial numbers or vehicle identification numbers
of any Generator Units, New Generator Units and Field Units that are serial number goods on and after the Third Amendment Effective Date,
in each case in accordance with Section 3.4 of the Canadian Security Agreement.

 

Section 6.16       
Sanctions; Anti-Corruption Laws. Each Loan Party will maintain in effect policies and procedures designed to
promote compliance by such Loan Party, its Subsidiaries, and their respective directors, officers, employees, and agents with applicable
Sanctions and with the FCPA and any other applicable Anti-Corruption Laws.

 

Section 6.17       
Post-Closing Obligations.

 

(a)              
Within thirty (30) days following the Closing Date (or such longer period as agreed to by the Administrative Agent in its sole
discretion), the Loan Parties shall deliver (or cause to be delivered) to the Administrative Agent copies of all lender loss payable and
additional insured endorsements with respect to the insurance policies required pursuant to Section 6.5.

 

(b)               Within
thirty (30) days following the Closing Date (or such longer period as agreed to by the Administrative Agent in its sole discretion),
the Loan Parties shall deliver (or cause to be delivered) to the Administrative Agent (i) Certificate No. 1 issued to Company
evidencing 3,000 shares of Common Shares of Flex Power Co., (ii) an undated stock power executed in blank by a Responsible Officer
of Company with respect to such stock certificate, (iii) Certificate No. 2AC issued to Flex Power Co. evidencing 65 shares of Class
A Common Shares of Canadian Borrower and (iv) an undated stock power executed in blank by a Responsible Officer of Flex Power Co.
with respect to such stock certificate.

 

For the avoidance of doubt,
the Loan Parties’ failure to comply with any requirement of this Section 6.17 on or before the dates specified in
this Section 6.17 shall constitute an immediate Event of Default.

 

    CREDIT AGREEMENT – Page 107

     

    

 

Article 7.

NEGATIVE COVENANTS

 

Each Loan Party covenants
and agrees that, as long as the Obligations or any part thereof are outstanding or any Letter of Credit is outstanding or any Lender has
any Commitment hereunder:

 

Section 7.1           
Debt. Each Loan Party shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, incur,
create, assume, or permit to exist any Debt, except:

 

(a)              
the Obligations (other than Hedge Obligations);

 

(b)              
existing Debt described on Schedule 7.1;

 

(c)              
purchase money Debt and Capitalized Lease Obligations not to exceed $2,500,000 in the aggregate at any time outstanding;

 

(d)              
(i) Debt of any Loan Party owing to any other Loan Party, (ii) Debt of any Subsidiary that is not a Guarantor owing to any other
Subsidiary that is not a Guarantor, and (iii) Debt of any Subsidiary that is not a Guarantor owing to any Loan Party that is permitted
under Section 7.5;

 

(e)              
Debt owed to any Person providing workers’ compensation, health, disability or other employee benefits or property, casualty
or liability insurance, performance, bid, surety or appeal bonds, performance and completion guarantees and similar obligations, pursuant
to reimbursement or indemnification obligations to such Person, in each case incurred in the ordinary course of business;

 

(f)               
endorsements of negotiable or similar instruments for collection or deposit in the ordinary course of business;

 

(g)              
with respect to any Debt permitted to be incurred pursuant to this Section 7.1, guaranties of such Debt or guaranties
by any Loan Party or any of its Subsidiaries of such Debt;

 

(h)              
Debt incurred in the ordinary course of business owed to any Person providing property, casualty, liability, or other insurance
to the Loan Parties, including to finance insurance premiums, so long as the amount of such Debt is not in excess of the amount of the
unpaid cost of, and shall be incurred only to defer the cost of, such;

 

    CREDIT AGREEMENT – Page 108

     

    

 

(i)                
 Hedge Obligations existing or arising under Hedge Agreements permitted by Section 7.17; and

 

(j)                
other Debt not to exceed $2,500,000 in the aggregate at any time outstanding.

 

Section 7.2           
Limitation on Liens. Each Loan Party shall not, and shall not permit any of its Subsidiaries to, incur, create,
assume, or permit to exist any Lien upon any of its Property, assets, or revenues, whether now owned or hereafter acquired, except:

 

(a)              
existing Liens disclosed on Schedule 7.2;

 

(b)              
Liens in favor of the Secured Parties or Administrative Agent for the benefit of Secured Parties;

 

(c)              
encumbrances consisting of minor easements, zoning restrictions, or other restrictions on the use of real Property that do not
(individually or in the aggregate) materially affect the value of the assets encumbered thereby or materially impair the ability of any
Loan Party or its Subsidiaries to use such assets in their respective businesses, and none of which is violated in any material respect
by existing or proposed structures or land use;

 

(d)              
Liens for taxes, assessments, or other governmental charges which are not delinquent or which are being contested in good faith
and for which adequate reserves in accordance with GAAP have been established and for which such contest operates to suspend the enforcement
of any foreclosure or levy on any Property of each Loan Party or any of its Subsidiary;

 

(e)              
Liens of landlords, vendors, mechanics, materialmen, warehousemen, carriers, or other similar statutory Liens securing obligations
incurred in the ordinary course of business that are not yet due or which are being contested in good faith and for which adequate reserves
in accordance with GAAP have been established and for which such contest operates to suspend the enforcement of any foreclosure or levy
on any Property of each Loan Party or any of its Subsidiaries;

 

(f)               
Liens resulting from good faith deposits to secure payments of workmen’s compensation, unemployment insurance or other social
security programs (other than Liens imposed by ERISA) or to secure the performance of tenders, statutory obligations, surety and appeal
bonds, bids, contracts (other than for payment of Debt), or leases made in the ordinary course of business;

 

(g)              
normal and customary rights of setoff upon deposits in favor of depository institutions, and Liens of a collecting bank on payment
items in the course of collection;

 

(h)              
purported Liens evidenced by the filing of precautionary UCC or PPSA financing statements relating solely to operating leases or
consignments of personal property entered into in the ordinary course of business;

 

    CREDIT AGREEMENT – Page 109

     

    

 

(i)                
 Liens granted in the ordinary course of business on the unearned portion of insurance premiums securing the financing of insurance
premiums to the extent the financing is permitted under Section 7.1(h);

 

(j)                
purchase money Liens on specific Property to secure Debt used to acquire such Property and Liens securing Capitalized Lease Obligations
with respect to specific leased Property, in each case to the extent permitted in Section 7.1(c);

 

(k)              
Liens granted by the Loan Parties on certain Property specified in each of the Parent Loan Notes to secure the Parent Loan, provided
that such Liens (i) are subordinate to the Liens in favor of Administrative Agent securing the Obligations and (ii) are at all time subject
to the Intercreditor Agreement; and

 

(l)                
other Liens securing Debt not to exceed $500,000 in the aggregate at any time outstanding.

 

Nothing in this Section
7.2 shall in and of itself cause the obligations of the Loan Parties to the Secured Parties under or pursuant to the Loan Documents
to be subordinated to any Lien permitted by this Section 7.2 or cause any Liens in favor of the Secured Parties to rank
subordinate to any such permitted Liens.

 

Section 7.3           
Mergers, Etc. Each Loan Party shall not, and shall not permit any of its Subsidiaries to, directly or indirectly,
become a party to a division, merger, amalgamation or consolidation, or purchase or otherwise acquire all or substantially all of the
assets of any Person or any shares or other evidence of beneficial ownership of any Person, or wind-up, dissolve, or liquidate, except
that (a) any Subsidiary of Company may merge, amalgamate or consolidate with any Borrower so long as such Borrower is the surviving
entity, (b) any Subsidiary of Company may merge, amalgamate or consolidate with another Subsidiary so long as if such Subsidiary
that is a Guarantor is involved in such merger, amalgamation or consolidation, such Guarantor is the surviving entity and (c) any Person
may merge, amalgamate or consolidate with or into any Loan Party provided such Loan Party shall be the surviving entity.

 

Section 7.4           
Restricted Payments. Each Loan Party shall not, nor shall it permit any of its Subsidiaries to, declare or make,
or agree to pay or make, directly or indirectly, any Restricted Payment, except:

 

(a)              
each Loan Party may make Restricted Payments with respect to its Equity Interests payable solely in additional shares of its Equity
Interests (other than Disqualified Equity Interests);

 

(b)              
Subsidiaries may declare and pay dividends and other Restricted Payments, directly or indirectly, to Company and any other Subsidiary
of Company that is a Loan Party;

 

(c)              
so long as no Default or Event of Default exists or would result therefrom, the Company may make Permitted Tax Distributions to
the Parent;

 

    CREDIT AGREEMENT – Page 110

     

    

 

(d)              
 so long as no Default or Event of Default exists or would result therefrom, the Company may make Restricted Payments to allow
the Parent or FGS, as applicable, to pay Qualified IPO Expenses in an aggregate amount not to exceed (i) $1,672,603.11 during the period
commencing on July 9, 2020 through (but not including) the Fifth Amendment Effective Date and (ii) $400,000 during the period commencing
on the Fifth Amendment Effective Date through and including February 28, 2022; and

 

(e)              
commencing January 1, 2020, the Loan Parties and their Subsidiaries may make other Restricted Payments so long as the Payment Conditions
have been satisfied at the time such Restricted Payment is made.

 

Section 7.5           
Loans and Investments. Each Loan Party shall not, and shall not permit any of its Subsidiaries to, directly
or indirectly, make, hold or maintain, any advance, loan, extension of credit, or capital contribution to or investment in, or purchase
any stock, bonds, notes, debentures, or other securities of, any Person, except:

 

(a)              
existing investments described on Schedule 7.5;

 

(b)              
readily marketable direct obligations of the U.S. or any agency thereof with maturities of one (1) year or less from the date of
acquisition;

 

(c)              
fully insured certificates of deposit with maturities of one (1) year or less from the date of acquisition issued by either (i) any
commercial bank operating in the U.S. having capital and surplus in excess of $50,000,000 or (ii) any Lender;

 

(d)              
commercial paper of a domestic issuer if at the time of purchase such paper is rated in one (1) of the two (2) highest rating categories
of Standard and Poor’s Corporation or Moody’s Investors Service;

 

(e)              
investments by a Borrower or a Guarantor in another Borrower or Guarantor;

 

(f)               
investments consisting of Hedge Agreements permitted under Section 7.17;

 

(g)              
advances or extensions of credit in the form of accounts receivable incurred and trade credit extended in the ordinary course of
business;

 

(h)              
investments in securities of account debtors received pursuant to any settlement, restructuring, plan of reorganization or similar
arrangement in connection with a foreclosure, bankruptcy workout or otherwise with respect to such account debtors, or upon the foreclosure
or enforcement of any Lien on such securities arising in the ordinary course of business in favor of a Loan Party or its Subsidiaries;

 

(i)                
loans or advances made by a Loan Party to its employees for travel and entertainment expenses, relocation costs and similar purposes
up to a maximum of $250,000 in the aggregate at any one time outstanding or, on a non-cash basis, for the purchase of Equity Interests
in any Loan Party or any direct or indirect parent thereof; and

 

    CREDIT AGREEMENT – Page 111

     

    

 

 

(j)                
 other investments so long as (i) no Event of Default shall have occurred and be continuing at the time of making such investment
and immediately after giving effect thereto and (ii) the aggregate amount of all such investments under this clause (j) shall not exceed
$2,000,000 at any time.

 

Section 7.6           
Limitation on Issuance of Equity. Each Loan Party shall not, and shall not permit any of its Subsidiaries to,
directly or indirectly, issue, sell, assign, or otherwise Dispose of (a) any of its stock or other Equity Interests, (b) any
securities exchangeable for or convertible into or carrying any rights to acquire any of its stock or other Equity Interests, (c) any
option, warrant, or other right to acquire any of its stock or other Equity Interests or (d) any Disqualified Equity Interests, in each
case, other than (x) to any Loan Party or another Subsidiary or (y) the issuance of any Equity Interests in the Company (other than Disqualified
Equity Interests) to the Parent.

 

Section 7.7           
Transactions With Affiliates. Except with respect to the making of Restricted Payments permitted by Section
7.4, Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, enter into any transaction,
including, without limitation, the purchase, sale, or exchange of Property, the rendering of any service or the payment of any management,
advisory or similar fees, with any Affiliate of Company or such Subsidiary, except in the ordinary course of and pursuant to the reasonable
requirements of Company’s or such Subsidiary’s business, pursuant to a transaction which is otherwise expressly permitted
under this Agreement, and upon fair and reasonable terms no less favorable to Company or such Subsidiary than would be obtained in a
comparable arm’s-length transaction with a Person not an Affiliate of Company or such Subsidiary; provided that on and after
the Fifth Amendment Effective Date, (a) the aggregate amount of intercompany receivables owing by Affiliates of the Company to the Company
or its Subsidiaries to the extent such receivables are for transactions permitted by Section 7.5 and do not otherwise constitute
a sale of goods or the rendering of services that is similar to other arm’s-length transactions with a Person that is not an Affiliate
of the Company or such Subsidiary shall not exceed (i) $17,700,000 at any time outstanding prior to the consummation of a Qualified IPO
and (ii) $12,700,000 at any time outstanding on or after the consummation of a Qualified IPO, and (b) to the extent unreimbursed, the
aggregate amount of prepaid expenses made by the Company or any of its Subsidiaries to or on behalf of any of its Affiliates shall not
exceed $11,000,000 at any time outstanding. Commencing on the Fifth Amendment Effective Date, the restrictions set forth in this Section
7.7 shall not apply to any payment of any management, development and engineering service fees and any expense reimbursement
payments for general and administrative services made by the Company pursuant to the Management Services Agreement (collectively, the
 “Management Fees”) so long as (A) the aggregate amount of such fees and expenses do not exceed an amount of
$200,000 in any calendar month and (B) such fees and expenses are not at any time paid in cash and in lieu thereof are accounted for
by offsetting the amount of accounts receivable owed to the Company by one or more of its Affiliates, if any. 

 

    CREDIT AGREEMENT – Page 112

     

    

 

Section 7.8           
Disposition of Assets. Each Loan Party shall not, and shall not permit any of its Subsidiaries to, directly
or indirectly make any Disposition, except (a) Dispositions of Inventory in the ordinary course of business, (b) Dispositions, for fair
value, of worn-out, surplus and obsolete equipment not necessary or useful to the conduct of business, (c) Dispositions of Equity Interests
permitted by Section 7.6, (d) Dispositions of Property to any Loan Party or any Subsidiary, provided that any such Disposition
involving a Subsidiary that is not a Loan Party shall be made in compliance with Sections 7.5 or 7.6, (e) the unwinding
of any Hedge Agreement, (f) Dispositions of Generator Packages, Generator Units or Field Units not to exceed $8,000,000 in the aggregate
in any fiscal year; provided that (i) no Default or Event of Default shall have occurred and be continuing both before and after giving
effect to such Disposition, (ii) Borrowers shall concurrently with such Disposition deliver a pro forma Borrowing Base Report to Administrative
Agent giving effect to such Disposition (with such Disposition, for the avoidance of doubt, calculated based on the Net Orderly Liquidation
Value of such Generator Packages, Generator Units and/or Field Units at such time) and the Borrowing Base shall be adjusted immediately
upon receipt of such Borrowing Base Report to reflect such Disposition, (iii) after giving effect to such Disposition, including the
reduction of the Borrowing Base in accordance with the foregoing clause (ii), Availability shall be equal to or greater than $0 or the
Borrowers shall make any mandatory prepayment pursuant to Section 2.9(c)(i) concurrently with such Disposition, and (iv)
such Disposition shall be made for fair value and for at least 80% cash consideration or (g) other Dispositions (other than with respect
to any Accounts or other Property included in the Borrowing Base at any time) not to exceed $2,000,000 in the aggregate in any fiscal
year.

 

Section 7.9           
Sale and Leaseback. Each Loan Party shall not, and shall not permit any of its Subsidiaries to, directly or
indirectly, enter into any arrangement with any Person pursuant to which it leases from such Person real or personal Property that has
been or is to be sold or transferred, directly or indirectly, by it to such Person.

 

Section 7.10       
Prepayment of Debt. Each Loan Party shall not, and shall not permit any of its Subsidiaries to, directly or
indirectly, make any optional or voluntary payment, prepayment, repurchase or redemption of any Debt, except the Obligations under the
Loan Documents.

 

Section 7.11       
Nature of Business. Each Loan Party shall not, and shall not permit any of its Subsidiaries to, engage in any
business other than the businesses in which they are engaged as of the date hereof or businesses directly related thereto. Each Loan
Party shall not, and shall not permit any of its Subsidiaries to, make any material change in its credit collection policies if such
change would materially impair the collectability of any Account, nor will it rescind, cancel or modify any Account except in the ordinary
course of business.

 

Section 7.12       
Environmental Protection. Each Loan Party shall not, and shall not permit any of its Subsidiaries to, directly
or indirectly (a) use (or permit any tenant to use) any of their respective Properties or assets for the handling, processing, storage,
transportation, or disposal of any Hazardous Material in violation of, or in a manner or to a location that could give rise to liability
under, any applicable Environmental Laws, (b) generate any Hazardous Material in violation of any applicable Environmental Laws,
(c) conduct any activity that is likely to cause a Release or threatened Release of any Hazardous Material in violation of any applicable
Environmental Laws, or (d) otherwise conduct any activity or use any of their respective Properties or assets in any manner that
is likely to violate any Environmental Law or create any Environmental Liabilities for which any Loan Party or any of its Subsidiaries
would be responsible.

 

    CREDIT AGREEMENT – Page 113

     

    

 

Section 7.13       
Accounting. Each Loan Party shall not, and shall not permit any of its Subsidiaries to, change its fiscal year
or make any change (a) in accounting treatment or reporting practices, except as required by GAAP and disclosed to Administrative
Agent and Lenders, or (b) in tax reporting treatment, except as required by Law and disclosed to Administrative Agent and Lenders.

 

Section 7.14       
Burdensome Agreements. Each Loan Party shall not, and shall not permit any of its Subsidiaries or any other
Loan Party to, enter into or permit to exist any arrangement or agreement, other than pursuant to this Agreement or any other Loan Document,
which (a) directly or indirectly prohibits Company, any of its Subsidiaries or any other Loan Party from creating or incurring a
Lien on any of its Property, revenues, or assets, whether now owned or hereafter acquired, (b) directly or indirectly prohibits
any of its Subsidiaries or any other Loan Party to make any payments, directly or indirectly, to any other Loan Party by way of dividends,
distributions, advances, repayments of loans, repayments of expenses, accruals, or otherwise or (c) in any way would be contravened
by such Person’s performance of its obligations hereunder or under the other Loan Documents; provided that clause
(a) of the foregoing shall not apply to restrictions or conditions imposed by any agreement relating to secured Debt permitted
by this Agreement if such restrictions or conditions apply only to the property or assets securing such Debt.

 

Section 7.15       
Subsidiaries. Each Loan Party shall not, directly or indirectly, form or acquire any Domestic Subsidiary unless
such Loan Party complies with the requirements of Section 6.13(a), 6.13(c) and 6.13(d), as applicable. Except with
respect to the existence of Canadian Borrower, no Loan Party shall form or acquire any Foreign Subsidiaries.

 

Section 7.16       
Amendments of Certain Documents. Each Loan Party shall not, and shall not permit any of its Subsidiaries to,
amend, restate, supplement or otherwise modify (a) any of their respective Constituent Documents, (b) the Management Services Agreement,
in each case, in a manner adverse to the interest of the Lenders (it being understood that any expansion in the scope of expenses or
increase in any fees payable to any Affiliate of the Company pursuant to the Management Services Agreement shall be deemed to be adverse
to the interests of the Lenders) or (c) the Parent Loan Documents in contravention of the Intercreditor Agreement.

 

Section 7.17       
Hedge Agreements. Each Loan Party shall not, and shall not permit any of its Subsidiaries to, enter into any
Hedge Agreement, except those that are entered into for non-speculative purposes and that are (a) Hedge Agreements entered into
to hedge or mitigate risks to which such Loan Party or any Subsidiary thereof has actual exposure which have terms and conditions reasonably
acceptable to Administrative Agent, and (b) other Hedge Agreements entered into in order to effectively cap, collar or exchange
interest rates (from fixed to floating rates, from one floating rate to another floating rate or otherwise) with respect to any interest-bearing
liability or investment, Debt of such Loan Party or any of its Subsidiaries limited to the principal amount of such interest-bearing
liability or investment or Debt which have terms and conditions reasonably acceptable to Administrative Agent.

 

    CREDIT AGREEMENT – Page 114

     

    

 

Section 7.18       
Anti-Corruption Laws; Sanctions; Anti-Terrorism Law. Each Loan Party will not, directly or indirectly, use the
proceeds of the Loans or Letters of Credit, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture
partner or other Person, (a) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money,
or anything else of value, to any Person in violation of the FCPA or any other applicable Anti-Corruption Law, or (b) (i) to
fund any activities or business of or with any Person, or in any country or territory, that, at the time of such funding, is, or whose
government is, the subject of Sanctions, or (ii) in any other manner that would result in a violation of Sanctions by any Person
(including any Person participating in the Loans or Letters of Credit, whether as Administrative Agent, Arranger, Lender, underwriter,
advisor, investor, or otherwise).

 

Section 7.19       
Negative Pledge. Each Loan Party shall not, and shall not permit any of its Subsidiaries to, directly or indirectly,
enter into, incur or permit to exist any agreement or other arrangement that limits the ability of such Loan Party or Subsidiary to create,
incur, assume or suffer to exist Liens on any real estate owned by such Loan Party or Subsidiary to secure the Obligations.

 

Section 7.20       
Canadian Defined Benefit Plan. No Loan Party shall sponsor, maintain, participate in, contribute to, or have
or otherwise incur liability under, a Canadian Defined Benefit Plan.

 

Article 8.

FINANCIAL COVENANTS

 

Each Loan Party covenants
and agrees that, as long as the Obligations or any part thereof are outstanding or any Letter of Credit is outstanding or any Lender has
any Commitment hereunder:

 

Section 8.1           
Leverage Ratio. Company shall not permit the Leverage Ratio to be greater than (a) 4.00 to 1.00 as of the last
day of any fiscal quarter ending March 31, 2019 through September 30, 2019 and (b) 3.50 to 1.00 as of the last day of any fiscal quarter
ending on and after December 31, 2019.

 

Section 8.2           
Fixed Charge Coverage Ratio. Company shall not permit the Fixed Charge Coverage Ratio to be less than (a) 1.10
to 1.00 as of the last day of any fiscal quarter ending March 31, 2019 through September 30, 2019 and (b) 1.25 to 1.00 as of the last
day of any fiscal quarter ending on and after December 31, 2019.

 

Article 9.

DEFAULT

 

Section 9.1           
Events of Default. Each of the following shall be deemed an “Event of Default”:

 

(a)              
Any Loan Parties shall fail to pay the Obligations under the Loan Documents or any part thereof shall not be paid when due or declared
due and, other than with respect to payments of principal, such failure shall continue unremedied for three (3) Business Days after such
payment became due;

 

(b)              
Any Loan Party shall breach any provision of Sections 6.1, 6.2 (with respect to a Loan Party’s
existence), 6.5, 6.12, 6.13, 6.16 or 6.17 or Article 7
or Article 8 of this Agreement;

 

    CREDIT AGREEMENT – Page 115

     

    

 

(c)              
 Any representation or warranty made or deemed made by Parent or any Loan Party (or any of their respective officers) in any Loan
Document or in any certificate, report, notice, or financial statement furnished at any time in connection with this Agreement or any
other Loan Document shall be false, misleading, or erroneous in any material respect (without duplication of any materiality qualifier
contained therein) when made or deemed to have been made;

 

(d)              
Parent, Company, any of its Subsidiaries, or any other Loan Party or any Subsidiary of any Loan Party shall fail to perform, observe,
or comply with any covenant, agreement, or term contained in this Agreement or any other Loan Document (other than as covered by Sections 9.1(a)
and (b)), and such failure continues for more than thirty (30) days following the date such failure first began;

 

(e)              
Parent, Company or any of its Subsidiaries, or any other Loan Party or any Subsidiary of any Loan Party shall commence a voluntary
proceeding seeking liquidation, reorganization, or other relief with respect to itself or its debts under any bankruptcy, insolvency,
or other Debtor Relief Law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian, monitor
or other similar official of it or a substantial part of its Property or shall consent to any such relief or to the appointment of or
taking possession by any such official in an involuntary case or other proceeding commenced against it or shall make a general assignment
for the benefit of creditors or shall generally fail to pay its debts as they become due or shall take any corporate action to authorize
any of the foregoing;

 

(f)               
An involuntary proceeding shall be commenced against Parent, Company or any of its Subsidiaries, or any other Loan Party or any
Subsidiary of any Loan Party seeking liquidation, reorganization, or other relief with respect to it or its debts under any bankruptcy,
insolvency, or other Debtor Relief Law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian,
monitor or other similar official for it or a substantial part of its Property, and such involuntary proceeding shall remain undismissed
and unstayed for a period of thirty (30) consecutive days;

 

(g)              
Company, any of its Subsidiaries, or any other Loan Party or any Subsidiary of any Loan Party shall fail to pay when due any principal
of or interest on any Debt (other than the Obligations under the Loan Documents) with an outstanding principal amount of $1,000,000 or
more, or the maturity of any such Debt shall have been accelerated, or any such Debt shall have been required to be prepaid, repurchased,
defeased or redeemed prior to the stated maturity thereof or any cash collateral in respect thereof to be demanded, or any event shall
have occurred that permits (or, with the giving of notice or lapse of time or both, after any applicable cure periods, would permit) any
holder or holders of such Debt, or the counterparty under any Hedge Agreement constituting such Debt, or any Person acting on behalf of
such holder or holders or such counterparty to accelerate the maturity thereof or require any such prepayment, repurchase, defeasance
or redemption or any cash collateral in respect thereof to be demanded;

 

    CREDIT AGREEMENT – Page 116

     

    

 

(h)               This
Agreement, the Guaranty or any other Loan Document shall cease to be in full force and effect or shall be declared null and void or
the validity or enforceability thereof shall be contested or challenged by the Parent, Company, any of its Subsidiaries, any other
Loan Party or any Subsidiary of any Loan Party or any of their respective equity holders, or Parent or any Loan Party shall deny
that it has any further liability or obligation under any of the Loan Documents, or any Lien created by the Loan Documents shall for
any reason cease to be a valid, first priority perfected Lien (subject to Permitted Liens) upon any of the Collateral purported to
be covered thereby;

 

(i)                
Any of the following events shall occur or exist with respect to any Loan Party or any ERISA Affiliate: (i) any ERISA Event
occurs with respect to a Plan or Multiemployer Plan, or (ii) any Prohibited Transaction involving any Plan or Multiemployer Plan;
and in each case above, such event or condition, together with all other events or conditions, if any, have subjected or could in the
reasonable opinion of Administrative Agent subject any Loan Party or any ERISA Affiliate to any tax, penalty, or other liability to a
Plan, a Multiemployer Plan, the PBGC, the IRS, the U. S. Department of Labor, or otherwise (or any combination thereof) which in the aggregate
exceed or could reasonably be expected to exceed $1,000,000;

 

(j)                
A Change of Control shall occur;

 

(k)              
Company, any of its Subsidiaries, or any other Loan Party or any Subsidiary of any Loan Party, or any of their Properties, revenues,
or assets, shall become subject to an order of forfeiture, seizure, or divestiture (whether under RICO or otherwise) and the same shall
not have been discharged within thirty (30) days from the date of entry thereof;

 

(l)                
Company, any of its Subsidiaries, or any other Loan Party or any Subsidiary of any Loan Party shall fail to discharge within a
period of thirty (30) consecutive days after the commencement thereof any attachment, sequestration, or similar proceeding or proceedings
involving an aggregate amount in excess of $500,000 against any of its assets or Properties;

 

(m)            
A final judgment or judgments for the payment of money in excess of $500,000 not covered by insurance in the aggregate (and to
which the applicable insurer has not denied coverage) shall be rendered by a court or courts against Company, any of its Subsidiaries,
or any other Loan Party or any Subsidiary of any Loan Party and the same shall not be discharged (or provision shall not be made for such
discharge), or a stay of execution thereof shall not be procured, within thirty (30) consecutive days from the date of entry thereof and
Company, such Subsidiary, or such Loan Party or such Subsidiary of such Loan Party shall not, within such period of thirty (30) consecutive
days, or such longer period during which execution of the same shall have been stayed, appeal therefrom and cause the execution thereof
to be stayed during such appeal; or

 

(n)              
Any event of default shall occur under any of the Parent Loan Documents.

 

    CREDIT AGREEMENT – Page 117

     

    

 

Section 9.2           
Remedies Upon Default. If any Event of Default shall occur and be continuing, then Administrative Agent may,
with the consent of Required Lenders, or shall, at the direction of Required Lenders, without notice do any or all of the following:
(a) terminate the Commitments of Lenders (except for funding obligations of outstanding Letters of Credit), (b) terminate the
obligations of L/C Issuer to make L/C Credit Extensions, (c) terminate the commitment of Swing Line Lender to make Swing Line Loans,
(d) require that Borrowers Cash Collateralize the L/C Obligations (in an amount equal to the Minimum Collateral Amount with respect
thereto), or (e) declare the Obligations (other than the Obligations arising out of Bank Product Agreements) or any part thereof
to be immediately due and payable, and the same shall thereupon become immediately due and payable, without notice, demand, presentment,
notice of dishonor, notice of acceleration, notice of intent to accelerate, notice of intent to demand, protest, or other formalities
of any kind, all of which are hereby expressly waived by each Borrower and each other Loan Party; provided, however, that
upon the occurrence of an Event of Default under Section 9.1(e) or (f), the Commitments of Lenders shall
automatically terminate (except for funding obligations of outstanding Letters of Credit), the obligations of L/C Issuer to make L/C
Credit Extensions shall automatically terminate, the commitment of Swing Line Lender to make Swing Line Loans shall automatically terminate,
the obligation of each Borrower to Cash Collateralize the L/C Obligations as aforesaid shall automatically become effective, and the
Obligations (other than the Obligations arising out of Bank Product Agreements) shall become immediately due and payable, in each case
without notice, demand, presentment, notice of dishonor, notice of acceleration, notice of intent to accelerate, notice of intent to
demand, protest, or other formalities of any kind, all of which are hereby expressly waived by each Borrower and each other Loan Party.
In addition to the foregoing, if any Event of Default shall occur and be continuing, Administrative Agent may, with the consent of Required
Lenders, or shall, at the direction of Required Lenders, exercise all rights and remedies available to it, Lenders and L/C Issuer in
law or in equity, under the Loan Documents, or otherwise.

 

Section 9.3           
Right to Cure Financial Covenant Non-Compliance. Notwithstanding anything to the contrary contained in Section
9.1 or 9.2, in the event Company fails to comply with the financial covenants set forth in Section 8.1
or Section 8.2 as of the last day of such fiscal quarter, subject to the terms and conditions hereof, Company shall have
the right (the “Cure Right”) from the last day of the applicable fiscal quarter until the expiration of the
10th Business Day subsequent to the date by which the financial statements for the last month of such fiscal quarter are required to
be delivered to Administrative Agent pursuant to Section 6.1(b), to receive a Specified EBITDA Equity Contribution in an
aggregate amount equal to, but not greater than, the amount necessary to cause Company to be in compliance with Section 8.1
and Section 8.2 for such period (hereinafter, the “Cure Amount”), and upon the receipt by Company
of the cash proceeds thereof, the financial covenants shall then be recalculated giving effect to the following pro forma adjustments:
Annualized EBITDA and/or EBITDA shall be calculated for the applicable fiscal quarter and any four fiscal quarter period that contains
such fiscal quarter, solely for the purpose of measuring compliance with the financial covenants and not for any other purpose under
this Agreement, by an amount equal to the Cure Amount (it being understood that, with respect to the calculation of Annualized EBITDA,
the Cure Amount will be added after the amount of EBITDA set forth in clause (a) of the definition of Annualized EBITDA has been calculated
for the applicable fiscal month for which Company has failed to comply with the financial covenants set forth in Section 8.2);

 

(b)               
if, after giving effect to the foregoing recalculations, Company shall then be in compliance with the requirements of all financial
covenants, Company shall be deemed to have been in compliance with such financial covenants as of the relevant date of determination
with the same effect as though there had been no failure to comply therewith at such date, and the applicable breach, Default or
Event of Default of such financial covenants that had occurred shall be deemed not to have occurred for this purpose of the
Agreement;

 

    CREDIT AGREEMENT – Page 118

     

    

 

(c)              
notwithstanding anything herein to the contrary, (i) in each four consecutive fiscal quarter period of Company there shall be at
least two fiscal quarters in which the Cure Right is not exercised, (ii) during the term of this Agreement, the Cure Right shall not be
exercised more than five (5) times, (iii) the Cure Amount shall be no greater than the amount required for purposes of complying with
the financial covenants and any amounts in excess thereof shall not be deemed to be a Cure Amount and (iv) there shall be no pro forma
reduction in Debt with the proceeds of any Cure Amount. Notwithstanding any other provision in this Agreement to the contrary, the Cure
Amount received pursuant to any exercise of the Cure Right shall be disregarded for purposes of determining the satisfaction of any Default
or Event of Default condition, any financial ratio-based conditions or tests, the Applicable Margin or other pricing or any available
basket under Article 7 of this Agreement; and

 

(d)              
the mandatory prepayment of the Loans made pursuant to Section 2.9(c) with respect to any cash proceeds of Specified
EBITDA Equity Contribution shall not serve as a reduction to Debt for
purposes of calculating the Leverage Ratio for the four fiscal quarter period then ending (even if the proceeds of any Specified EBITDA
Equity Contribution are actually used to repay Debt, regardless of whether the proceeds of any Specified EBITDA Equity Contribution are
received before or after the last day of such period).

 

Section 9.4           
Application of Funds. After the exercise of remedies provided for in Section 9.2 (or if an
Event of Default exists and the written notice thereof, if any, to any Borrower from Administrative Agent expressly provides that this
Section 9.4 shall thereafter apply to any amounts received on account of the Obligations or after the Loans have automatically
become immediately due and payable), any amounts received on account of the Obligations shall be applied by 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 Administrative Agent) payable to 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 Lenders and L/C Issuer (including fees, charges and disbursements of counsel to the respective Lenders and L/C Issuer)
arising under the Loan Documents, 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 arising under the Loan Documents, ratably among Lenders and L/C Issuer in proportion to the respective amounts described in
this clause Third payable to them;

 

    CREDIT AGREEMENT – Page 119

     

    

 

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

 

Fifth, to 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 any Borrower pursuant to Sections 2.2 and 2.7;

 

Sixth, to payment of
that remaining portion of the Obligations, ratably among the Lenders and Bank Product Providers 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 Borrowers or as otherwise required by Law.

 

Notwithstanding anything to
the contrary herein or in any other Loan Document, no amount received from any Loan Party shall be applied to any Excluded Swap Obligation
of such Loan Party, but appropriate adjustments shall be made with respect to payments from other Loan Parties to preserve allocation
to Obligations otherwise set forth in this Section.

 

Further notwithstanding, Bank
Product Obligations shall be excluded from the application described above if Administrative Agent has not received written notice thereof,
together with supporting documentation as Administrative Agent may request from the applicable Bank Product Provider, provided
that no such notice shall be required for any Bank Product Agreement for which Administrative Agent or any Affiliate of Administrative
Agent is the applicable Bank Product Provider. Each Bank Product Provider that is not a party to this Agreement that has given notice
contemplated by the preceding sentence shall, by such notice, be deemed to have acknowledged and accepted the appointment of Administrative
Agent pursuant to the terms of Article 10 hereof for itself and its Affiliates as if a “Lender” party hereto.

 

Section 9.5           
Performance by Administrative Agent. If any Loan Party shall fail to perform any covenant or agreement contained
in any of the Loan Documents, then Administrative Agent may perform or attempt to perform such covenant or agreement on behalf of such
Loan Party. In such event, Borrowers shall, at the request of Administrative Agent, promptly pay to Administrative Agent any amount expended
by Administrative Agent in connection with such performance or attempted performance, together with interest thereon at the Default Interest
Rate from and including the date of such expenditure to but excluding the date such expenditure is paid in full. Notwithstanding the
foregoing, it is expressly agreed that Administrative Agent shall not have any liability or responsibility for the performance of any
covenant, agreement, or other obligation of any Borrower or any other Loan Party under this Agreement or any other Loan Document.

 

    CREDIT AGREEMENT – Page 120

     

    

 

Article 10.

AGENCY

 

Section 10.1       
Appointment and Authority.

 

(a)              
 Each of the Lenders, L/C Issuer, and Swing Line Lender hereby irrevocably appoints Texas Capital Bank to act on its behalf as
Administrative Agent hereunder and under the other Loan Documents and authorizes Administrative Agent to take such actions on its behalf
and to exercise such powers as are delegated to Administrative Agent by the terms hereof or thereof, together with such actions and powers
as are reasonably incidental thereto. The provisions of this Article 10 are solely for the benefit of Administrative
Agent, Lenders, L/C Issuer, and Swing Line Lender, and no Loan Party shall have rights as a third-party beneficiary of any of such provisions.
It is understood and agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar term)
with reference to Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under
agency doctrine of any applicable Law. Instead such term is used as a matter of market custom, and is intended to create or reflect only
an administrative relationship between contracting parties.

 

(b)              
Administrative Agent shall also act as the “collateral agent” under the Loan Documents, and each of the Lenders (including
for itself and its Affiliates in their capacities as potential Bank Product Providers) and L/C Issuer hereby irrevocably appoints and
authorizes Administrative Agent to act as the agent of such Lender and L/C Issuer for purposes of acquiring, holding and enforcing any
and all Liens on Collateral granted by any of the Loan Parties to secure any of the Obligations, together with such powers and discretion
as are reasonably incidental thereto. In this connection, Administrative Agent, as “collateral agent” and any co-agents, sub-agents
and attorneys-in-fact appointed by Administrative Agent pursuant to Section 10.5 for purposes of holding or enforcing any
Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder
at the direction of Administrative Agent, shall be entitled to the benefits of all provisions of this Article 10 and Article
11 (including Section 11.1(b), as though such co-agents, sub-agents and attorneys-in-fact were the “collateral
agent” under the Loan Documents) as if set forth in full herein with respect thereto.

 

Section 10.2       
Rights as a Lender. The Person serving as 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 Administrative Agent, and the term “Lender”
or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving
as Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to,
own securities of, act as the financial advisor or in any other advisory capacity for, and generally engage in any kind of business with,
any Loan Party or any Subsidiary or other Affiliate thereof as if such Person were not Administrative Agent hereunder and without any
duty to account therefor to Lenders.

 

Section 10.3       
Exculpatory Provisions.

 

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

 

    CREDIT AGREEMENT – Page 121

     

    

 

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

 

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

 

(iii)           
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 any Loan Party or any of their respective Affiliates that is communicated to
or obtained by the Person serving as Administrative Agent or any of its Affiliates in any capacity; and

 

(iv)            
shall be fully justified in failing or refusing to take any action hereunder or under any other Loan Document unless it shall first
be indemnified to its satisfaction by Lenders pro rata against any and all liability, cost and expense that it may incur by reason of
taking or continuing to take any such action.

 

(b)              
Administrative Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the request of
Required Lenders (or such other number or percentage of Lenders as shall be necessary, or as Administrative Agent shall believe in good
faith shall be necessary, under the circumstances as provided in Sections 9.2 and 10.9), or (ii) in
the absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction by final and nonappealable
judgment. SUCH LIMITATION OF LIABILITY SHALL APPLY REGARDLESS OF WHETHER THE LIABILITY ARISES FROM THE SOLE, CONCURRENT, CONTRIBUTORY
OR COMPARATIVE NEGLIGENCE OF ADMINISTRATIVE AGENT. Administrative Agent shall be deemed not to have knowledge of any Default unless
and until notice describing such Default is given to Administrative Agent in writing by any Loan Party, a Lender, L/C Issuer, or Swing
Line Lender.

 

(c)               Neither
Administrative Agent nor any Related Party thereof shall 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 4 or elsewhere herein, other than to confirm receipt of items expressly required to be delivered
to Administrative Agent.

 

    CREDIT AGREEMENT – Page 122

     

    

 

Section 10.4       
Reliance by Administrative Agent. 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. 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 Credit Extension, that by its terms must be fulfilled to the satisfaction of a Lender,
L/C Issuer, or Swing Line Lender, Administrative Agent may presume that such condition is satisfactory to such Lender, L/C Issuer, or
Swing Line Lender unless Administrative Agent shall have received notice to the contrary from such Lender prior to the making of such
Credit Extension. Administrative Agent may consult with legal counsel (who may be counsel for any Loan Party), 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.

 

Section 10.5       
Delegation of Duties. 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 Administrative Agent. 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 10 shall apply to any such sub agent and to the Related
Parties of Administrative Agent and any such sub agent, and shall apply to their respective activities in connection with the syndication
of the Revolving Credit Facility as well as activities as Administrative Agent. 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 Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub agents.

 

Section 10.6       
Resignation or Removal of Administrative Agent.

 

(a)               Administrative
Agent may at any time give notice of its resignation to Lenders, L/C Issuer, Swing Line Lender and Borrowers. Upon receipt of any
such notice of resignation, Required Lenders shall have the right, in consultation with Borrowers (so long as no Event of Default
has occurred and is continuing), to appoint a successor, which shall be a bank with an office in Dallas, Texas, or an Affiliate of
any such bank with an office in Dallas, Texas. If no such successor shall have been so appointed by Required Lenders and shall have
accepted such appointment within thirty (30) days after the retiring Administrative Agent gives notice of its resignation (or such
earlier day as shall be agreed by Required Lenders) (the “Resignation Effective Date”), then the retiring
Administrative Agent may (but shall not be obligated to), on behalf of Lenders, L/C Issuer, and Swing Line Lender, appoint a
successor Administrative Agent meeting the qualifications set forth above; provided that in no event shall any successor
Administrative Agent be a Defaulting Lender. Whether or not a successor has been appointed, such resignation shall become effective
in accordance with such notice on the Resignation Effective Date. After the Resignation Effective Date, the provisions of this Article 10
relating to or indemnifying or releasing Administrative Agent shall inure to its benefit as to any actions taken or omitted to be
taken by it while it was Administrative Agent under this Agreement and the other Loan Documents.

 

    CREDIT AGREEMENT – Page 123

     

    

 

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

 

(c)              
With effect from the Resignation Effective Date or the Removal Effective Date (as applicable) (i) the retiring or removed
Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in
the case of any Collateral held by Administrative Agent on behalf of Secured Parties under any of the Loan Documents, the retiring or
removed Administrative Agent shall continue to hold such Collateral until such time as a successor Administrative Agent is appointed)
and (ii) except for any indemnity, fee or expense payments owed to the retiring or removed Administrative Agent, all payments, communications
and determinations provided to be made by, to or through Administrative Agent shall instead be made by or to each Lender, L/C Issuer,
or Swing Line Lender, as applicable, directly, until such time, if any, as Required Lenders appoint a successor Administrative Agent as
provided for above. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed
to and become vested with all of the rights, powers, privileges and duties of the retiring or removed Administrative Agent (other than
any rights to indemnity payments owed to the retiring or removed Administrative Agent), and the retiring or removed Administrative Agent
shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents. The fees payable by Borrowers
to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between Borrowers 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 10, Section 11.1, and Section 11.2 shall continue
in effect for the benefit of such retiring or removed Administrative Agent, its sub agents and their respective Related Parties in respect
of any actions taken or omitted to be taken by any of them while the retiring or removed Administrative Agent was acting as Administrative
Agent.

 

(d)               Any
resignation by Texas Capital Bank as Administrative Agent pursuant to this Section shall also constitute its
resignation as L/C Issuer and Swing Line Lender unless the notice thereof otherwise provides. If Texas Capital Bank resigns as an
L/C Issuer, it shall retain all the rights, powers, privileges and duties of 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 Lenders to make Revolving Credit Loans or fund risk participations in Unreimbursed Amounts pursuant to Section 2.2(c).
If Texas Capital Bank resigns as Swing Line Lender, it shall retain all the rights of Swing Line Lender provided for hereunder with
respect to Swing Line Loans made by it and outstanding as of the effective date of such resignation, including the right to require
Lenders to make Revolving Credit Loans or fund risk participations in outstanding Swing Line Loans pursuant to Section 2.3(c).
Upon the appointment by Borrowers of a successor L/C Issuer or Swing Line Lender hereunder (which successor shall in all cases be a
Lender other than a Defaulting Lender), (i) such successor shall succeed to and become vested with all of the rights, powers,
privileges and duties of the retiring L/C Issuer or Swing Line Lender, as applicable, (ii) the retiring L/C Issuer and Swing
Line Lender shall be discharged from all of their respective duties and obligations hereunder or under the other Loan Documents, and
(iii) the successor L/C Issuer shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at
the time of such succession or make other arrangements satisfactory to Texas Capital Bank to effectively assume the obligations of
Texas Capital Bank with respect to such Letters of Credit.

 

    CREDIT AGREEMENT – Page 124

     

    

 

Section 10.7       
Non-Reliance on Administrative Agent and Other Lenders. Each Lender, L/C Issuer, and Swing Line Lender expressly
acknowledges that neither Administrative Agent nor any other Lender nor any Related Party thereto has made any representation or warranty
to such Person and that no act by Administrative Agent or any other Lender hereafter taken, including any review of the affairs of any
Loan Party, shall be deemed to constitute any representation or warranty by Administrative Agent or any Lender to any other Lender. Each
Lender, Swing Line Lender and L/C Issuer acknowledges that it has, independently and without reliance upon Administrative Agent or any
other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit
analysis and decision to enter into this Agreement. Each Lender, L/C Issuer, and Swing Line Lender also acknowledges that it will, independently
and without reliance upon Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information
as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon
this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder. Except for notices,
reports and other documents expressly required to be furnished to the Lenders or Swing Line Lender by Administrative Agent hereunder,
Administrative Agent shall not have any duty or responsibility to provide any Lender or Swing Line Lender with any credit or other information
concerning the business, operations, Property, condition (financial or otherwise), or creditworthiness of any Loan Party or the value
of the Collateral or other Properties of any Loan Party or any other Person which may come into the possession of Administrative Agent
or any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates.

 

Section 10.8       
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, 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 Administrative
Agent shall have made any demand on any Loan Party) shall be entitled and empowered (but not obligated) by intervention in such proceeding
or otherwise:

 

    CREDIT AGREEMENT – Page 125

     

    

 

(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 under the Loan Documents that are owing and unpaid and to file such other documents as may be necessary or advisable
in order to have the claims of Lenders, L/C Issuer, Swing Line Lender, and Administrative Agent (including any claim for the reasonable
compensation, expenses, disbursements and advances of Lenders, L/C Issuer, Swing Line Lender, and Administrative Agent and their respective
agents and counsel and all other amounts due Lenders, L/C Issuer, Swing Line Lender, and Administrative Agent under Section 11.1
or Section 11.2) allowed in such judicial proceeding; and

 

(b)              
to collect and receive any monies or other Property payable or deliverable on any such claims and to distribute the same; and any
custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized
by each Lender, L/C Issuer and Swing Line Lender to make such payments to Administrative Agent and, in the event that Administrative Agent
shall consent to the making of such payments directly to Lenders, L/C Issuer, and Swing Line Lender, as applicable, to pay to Administrative
Agent any amount due for the reasonable compensation, expenses, disbursements and advances of Administrative Agent and its agents and
counsel, and any other amounts due Administrative Agent under Section 11.1 or Section 11.2.

 

Section 10.9       
Collateral and Guaranty Matters.

 

(a)              
The Secured Parties irrevocably authorize Administrative Agent, at its option and in its discretion:

 

(i)                
to release any Lien on any Property granted to or held by Administrative Agent under any Loan Document (x) upon termination
of all Commitments and payment in full of all Obligations (other than (A) contingent indemnification obligations and (B) obligations
and liabilities under Bank Product Agreements as to which arrangements satisfactory to the applicable Bank Product Provider shall have
been made) and the expiration or termination of all Letters of Credit (other than Letters of Credit as to which other arrangements satisfactory
to Administrative Agent and L/C Issuer shall have been made), (y) that is sold or otherwise disposed of or to be sold or otherwise
disposed of as part of or in connection with any sale or other disposition permitted under the Loan Documents, or (z) if approved,
authorized or ratified in writing by Required Lenders or all Lenders, as applicable, under Section 11.10;

 

(ii)             
to subordinate any Lien on any Property granted to or held by Administrative Agent under any Loan Document to the holder of any
Lien on such Property that is permitted by Section 7.2; and

 

    CREDIT AGREEMENT – Page 126

     

    

 

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

 

Upon request by
Administrative Agent at any time, Required Lenders will confirm in writing Administrative Agent’s authority to release or subordinate
its interest in particular types or items of Property, or to release any Guarantor from its obligations under the Guaranty pursuant to
this Section 10.9. Upon the occurrence of any of the events specified in Section 10.9(a)(i)(x), (y)
or (z) or Section 10.9(a)(iii), at Borrowers’ expense, Administrative Agent shall execute and deliver
to Borrowers such documentation as Borrowers shall reasonably request to release the applicable Collateral from the Liens created by the
Loan Documents and/or release the applicable Guarantor from its obligations under its Guaranty, as the case may be.

 

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

 

Section 10.10   
Bank Product Agreements. No Bank Product Provider who obtains the benefits of Section 9.4, any
Guaranty or any Collateral by virtue of the provisions hereof or of any Guaranty or any Security Document shall have any right to notice
of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of
the Collateral (including the release or impairment of any Collateral) (or to notice of or to consent to any amendment, waiver or modification
of the provisions hereof or of the Guaranty or any Security Document) other than in its capacity as a Lender and, in such case, only
to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Article 10 to
the contrary, Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been
made with respect to, Bank Product Obligations unless Administrative Agent has received written notice of such Bank Product Obligations,
together with such supporting documentation as Administrative Agent may request, from the applicable Bank Product Provider. Administrative
Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Bank Product
Obligations arising under Bank Product Agreements upon termination of all Commitments and payment in full of all Obligations under the
Loan Documents (other than contingent indemnification obligations) and the expiration or termination of all Letters of Credit (other
than Letters of Credit as to which other arrangements satisfactory to Administrative Agent and L/C Issuer shall have been made).

 

    CREDIT AGREEMENT – Page 127

     

    

 

Section
10.11    Erroneous Payments.

 

(a)               If
the Administrative Agent notifies a Lender, L/C Issuer or Secured Party, or any Person who has received funds on behalf of a
Lender, L/C Issuer or Secured Party (any such Lender, L/C Issuer, Secured Party or other recipient, a “Payment
Recipient”) that the Administrative Agent has determined in its sole discretion (whether or not after receipt of
any notice under immediately succeeding clause (b)) that any funds received by such Payment Recipient from the
Administrative Agent or any of its Affiliates were erroneously transmitted to, or otherwise erroneously or mistakenly received by,
such Payment Recipient (whether or not known to such Lender, L/C Issuer, Secured Party or other Payment Recipient on its behalf)
(any such funds, whether received as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise,
individually and collectively, an “Erroneous Payment”) and demands the return of such Erroneous Payment
(or a portion thereof) (provided, that, without limiting any other rights or remedies (whether at law or in equity), the
Administrative Agent may not make any such demand under this clause (a)(i) with respect to an Erroneous Payment unless
such demand is made within 10 Business Days of the date of receipt of such Erroneous Payment by the applicable Payment Recipient),
such Erroneous Payment shall at all times remain the property of the Administrative Agent and shall be segregated by the Payment
Recipient and held in trust for the benefit of the Administrative Agent, and such Lender, L/C Issuer or Secured Party shall (or,
with respect to any Payment Recipient who received such funds on its behalf, shall cause such Payment Recipient to) promptly, but in
no event later than two Business Days thereafter, return to the Administrative Agent the amount of any such Erroneous Payment (or
portion thereof) as to which such a demand was made, in same day funds (in the currency so received), together with interest thereon
in respect of each day from and including the date such Erroneous Payment (or portion thereof) was received by such Payment
Recipient to the date such amount is repaid to the Administrative Agent in same day funds at the greater of the Federal Funds Rate
and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation from time to
time in effect. A notice of the Administrative Agent to any Payment Recipient under this clause (a) shall be
conclusive, absent manifest error.

 

(b)              
Without limiting immediately preceding clause (a), each Lender, L/C Issuer or Secured Party, or any Person who has
received funds on behalf of a Lender, L/C Issuer or Secured Party, hereby further agrees that if it receives a payment, prepayment
or repayment (whether received as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise) from the
Administrative Agent (or any of its Affiliates) (x) that is in a different amount than, or on a different date from, that specified in
a notice of payment, prepayment or repayment sent by the Administrative Agent (or any of its Affiliates) with respect to such payment,
prepayment or repayment, (y) that was not preceded or accompanied by a notice of payment, prepayment or repayment sent by the Administrative
Agent (or any of its Affiliates), or (z) that such Lender, L/C Issuer or Secured Party, or other such recipient, otherwise becomes aware
was transmitted, or received, in error or by mistake (in whole or in part) in each case.

 

(i)                
(A) in the case of immediately preceding clauses (x) or (y), an error shall be presumed to have been
made (absent written confirmation from the Administrative Agent to the contrary) or (B) an error has been made (in the case of immediately
preceding clause (z)), in each case, with respect to such payment, prepayment or repayment; and

 

    CREDIT AGREEMENT – Page 128

     

    

 

(ii)              such
Lender, L/C Issuer or Secured Party shall (and shall cause any other recipient that receives funds on its respective behalf to)
promptly (and, in all events, within one Business Day of its knowledge of such error) notify the Administrative Agent of its receipt
of such payment, prepayment or repayment, the details thereof (in reasonable detail) and that it is so notifying the Administrative
Agent pursuant to this Section 10.11(b).

 

(c)              
Each Lender, L/C Issuer or Secured Party hereby authorizes the Administrative Agent to set off, net and apply any and all amounts
at any time owing to such Lender, L/C Issuer or Secured Party under any Loan Document, or otherwise payable or distributable by the Administrative
Agent to such Lender, L/C Issuer or Secured Party from any source, against any amount due to the Administrative Agent under immediately
preceding clause (a) or under the indemnification provisions of this Agreement.

 

(d)               In
the event that an Erroneous Payment (or portion thereof) is not recovered by the Administrative Agent for any reason, after demand
therefor by the Administrative Agent in accordance with immediately preceding clause (a), from any Lender or
L/C Issuer that has received such Erroneous Payment (or portion thereof) (and/or from any Payment Recipient who received such
Erroneous Payment (or portion thereof) on its respective behalf) (such unrecovered amount, an “Erroneous Payment Return
Deficiency”), upon the Administrative Agent’s notice to such Lender or L/C Issuer at any time, (i) such Lender
or L/C Issuer shall be deemed to have assigned its relevant Loans (but not its Commitments) with respect to which such Erroneous
Payment was made (the “Erroneous Payment Impacted Class”) in an amount equal to the Erroneous Payment
Return Deficiency (or such lesser amount as the Administrative Agent may specify) (such assignment of the Loans (but not
Commitments) of the Erroneous Payment Impacted Class, the “Erroneous Payment Deficiency Assignment”) at
par plus any accrued and unpaid interest (with the assignment fee to be waived by the Administrative Agent in such instance), and is
hereby (together with the Borrowers) deemed to execute and deliver an Assignment and Assumption with respect to such Erroneous
Payment Deficiency Assignment, and such Lender or L/C Issuer shall deliver any Notes evidencing such Loans to the Borrowers or the
Administrative Agent, (ii) the Administrative Agent as the assignee Lender shall be deemed to acquire the Erroneous Payment
Deficiency Assignment, (iii) upon such deemed acquisition, the Administrative Agent as the assignee Lender shall become a Lender or
L/C Issuer, as applicable, hereunder with respect to such Erroneous Payment Deficiency Assignment and the assigning Lender or
assigning L/C Issuer shall cease to be a Lender or L/C Issuer, as applicable, hereunder with respect to such Erroneous Payment
Deficiency Assignment, excluding, for the avoidance of doubt, its obligations under the indemnification provisions of this Agreement
and its applicable Commitments which shall survive as to such assigning Lender or assigning L/C Issuer and (iv) the Administrative
Agent may reflect in the Register its ownership interest in the Loans subject to the Erroneous Payment Deficiency Assignment. The
Administrative Agent may, in its discretion, sell any Loans acquired pursuant to an Erroneous Payment Deficiency Assignment and upon
receipt of the proceeds of such sale, the Erroneous Payment Return Deficiency owing by the applicable Lender or L/C Issuer shall be
reduced by the net proceeds of the sale of such Loan (or portion thereof), and the Administrative Agent shall retain all other
rights, remedies and claims against such Lender or L/C Issuer (and/or against any recipient that receives funds on its respective
behalf). For the avoidance of doubt, no Erroneous Payment Deficiency Assignment will reduce the Commitments of any Lender or L/C
Issuer and such Commitments shall remain available in accordance with the terms of this Agreement. In addition, each party hereto
agrees that, except to the extent that the Administrative Agent has sold a Loan (or portion thereof) acquired pursuant to an
Erroneous Payment Deficiency Assignment, and irrespective of whether the Administrative Agent may be equitably subrogated, the
Administrative Agent shall be contractually subrogated to all the rights and interests of the applicable Lender, L/C Issuer or
Secured Party under the Loan Documents with respect to each Erroneous Payment Return Deficiency (the “Erroneous Payment
Subrogation Rights”).

 

    CREDIT AGREEMENT – Page 129

     

    

 

(e)              
The parties hereto agree that an Erroneous Payment shall not pay, prepay, repay, discharge or otherwise satisfy any Obligations
owed by any Borrower or any other Loan Party, except, in each case, to the extent such Erroneous Payment is, and solely with respect to
the amount of such Erroneous Payment that is, comprised of funds received by the Administrative Agent from any Borrower or any other Loan
Party for the purpose of making such Erroneous Payment.

 

(f)               
To the extent permitted by applicable law, no Payment Recipient shall assert any right or claim to an Erroneous Payment, and hereby
waives, and is deemed to waive, any claim, counterclaim, defense or right of set-off or recoupment with respect to any demand, claim or
counterclaim by the Administrative Agent for the return of any Erroneous Payment received, including without limitation waiver of any
defense based on “discharge for value” or any similar doctrine.

 

(g)              
Each party’s obligations, agreements and waivers under this Section 10.11 shall survive the resignation or
replacement of the Administrative Agent, any transfer of rights or obligations by, or the replacement of, a Lender or L/C Issuer, the
termination of the Commitments and/or the repayment, satisfaction or discharge of all Obligations (or any portion thereof) under any Loan
Document.

 

Article 11.

MISCELLANEOUS

 

Section 11.1       
Expenses.

 

(a)               Each
Borrower hereby agrees to pay on demand: (i) all costs and expenses of Arranger, Administrative Agent, L/C Issuer, Swing Line
Lender and their Related Parties in connection with the syndication and distribution of the Revolving Credit Facility and the
preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan Documents and any and all
amendments, modifications, renewals, extensions, supplements, waivers, consents and ratifications thereof and thereto, including,
without limitation, the reasonable fees and expenses of legal counsel, advisors, consultants, and auditors for Administrative Agent,
L/C Issuer, Swing Line Lender and their Related Parties; (ii) all costs and expenses of Administrative Agent, L/C Issuer, Swing
Line Lender and each Lender in connection with any Default and the enforcement of this Agreement or any other Loan Document,
including, without limitation, court costs and fees and expenses of legal counsel, advisors, consultants, and auditors for
Administrative Agent, L/C Issuer, Swing Line Lender and each Lender; (iii) all costs and expenses incurred by L/C Issuer in
connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder;
(iv) all transfer, stamp, documentary, or other similar taxes, assessments, or charges levied by any Governmental Authority in
respect of this Agreement or any of the other Loan Documents; (v) all costs, expenses, assessments, and other charges incurred
in connection with any filing, registration, recording, or perfection of any Lien contemplated by this Agreement or any other Loan
Document; and (vi) all other costs and expenses incurred by Administrative Agent, L/C Issuer, Swing Line Lender and any Lender
in connection with the enforcement or protection of its rights under this Agreement or any other Loan Document, any workout or
restructuring (including the negotiations thereof), any litigation, dispute, suit, proceeding or action, the enforcement of its
rights and remedies, and the protection of its interests in bankruptcy, insolvency or other legal proceedings, including, without
limitation, all costs, expenses, and other charges (including Administrative Agent’s and such Lender’s, L/C
Issuer’s, and Swing Line Lender’s internal charges) incurred in connection with evaluating, observing, collecting,
examining, auditing, appraising, selling, liquidating, or otherwise disposing of the Collateral or other assets of the Loan Parties.
Borrowers shall be responsible for all expenses described in this clause (a) whether or not any Credit Extension
is ever made. Any amount to be paid under this Section 11.1 shall be a demand obligation owing by Borrowers and
if not paid within ten (10) days of demand shall bear interest, to the extent not prohibited by and not in violation of applicable
Law, from the date of expenditure until paid at a rate per annum equal to the Default Interest Rate. The obligations of Borrowers
under this Section 11.1 shall survive payment of the Notes and other obligations hereunder and the assignment of
any right hereunder.

 

    CREDIT AGREEMENT – Page 130

     

    

 

(b)              
To the extent that Borrowers for any reason fail to indefeasibly pay any amount required under Section 11.1(a)
or Section 11.2 to be paid by it to Arranger, Administrative Agent, L/C Issuer, or Swing Line Lender (or any sub-agent
thereof) or any Related Party of Arranger, Administrative Agent, L/C Issuer, or Swing Line Lender (or any sub-agent thereof), each Lender
severally agrees to pay to Arranger, Administrative Agent, L/C Issuer, or Swing Line Lender (or any such sub-agent) 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 Revolving Credit Exposure at such time) of such unpaid amount (including any
such unpaid amount in respect of a claim asserted by such Lender); 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 Arranger, Administrative Agent, L/C Issuer,
or Swing Line Lender (or any such sub-agent) or against any Related Party of Arranger, Administrative Agent, L/C Issuer, or Swing Line
Lender (or any sub-agent thereof) acting for Arranger, Administrative Agent, L/C Issuer, or Swing Line Lender (or any such sub-agent)
in connection with such capacity. EACH LENDER ACKNOWLEDGES THAT SUCH PAYMENTS MAY BE IN RESPECT OF LOSSES, CLAIMS, DAMAGES, LIABILITIES
OR RELATED EXPENSES ARISING OUT OF OR RESULTING FROM THE SOLE, CONTRIBUTORY, COMPARATIVE, CONCURRENT OR ORDINARY NEGLIGENCE OF THE PERSON
(OR THE REPRESENTATIVES OF THE PERSON) TO WHOM SUCH PAYMENTS ARE TO BE MADE.

 

    CREDIT AGREEMENT – Page 131

     

    

 

 

Section
11.2            INDEMNIFICATION.

 

(a)             EACH
BORROWER SHALL INDEMNIFY ARRANGER, ADMINISTRATIVE AGENT, L/C ISSUER, SWING LINE LENDER, EACH LENDER AND EACH RELATED PARTY THEREOF (EACH,
AN “INDEMNITEE”) FROM, AND HOLD EACH OF THEM HARMLESS AGAINST, ANY AND ALL LOSSES, LIABILITIES, CLAIMS, DAMAGES,
PENALTIES, JUDGMENTS, DISBURSEMENTS, COSTS, AND EXPENSES (INCLUDING ATTORNEYS’ FEES) TO WHICH ANY OF THEM MAY BECOME SUBJECT WHICH
DIRECTLY OR INDIRECTLY ARISE FROM OR RELATE TO (A) THE NEGOTIATION, EXECUTION, DELIVERY, PERFORMANCE, ADMINISTRATION, OR ENFORCEMENT
OF ANY OF THE LOAN DOCUMENTS, (B) ANY OF THE TRANSACTIONS CONTEMPLATED BY THE LOAN DOCUMENTS, (C) ANY BREACH BY ANY BORROWER
OF ANY REPRESENTATION, WARRANTY, COVENANT, OR OTHER AGREEMENT CONTAINED IN ANY OF THE LOAN DOCUMENTS, (D) THE PRESENCE, RELEASE,
THREATENED RELEASE, DISPOSAL, REMOVAL, OR CLEANUP OF ANY HAZARDOUS MATERIAL LOCATED ON, ABOUT, WITHIN, OR AFFECTING ANY OF THE PROPERTIES
OR ASSETS OF COMPANY OR ANY OF ITS SUBSIDIARIES OR ANY OTHER LOAN PARTY, (E) ANY LOAN OR LETTER OF CREDIT OR 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) OR (F) ANY INVESTIGATION, LITIGATION,
OR OTHER PROCEEDING, INCLUDING, WITHOUT LIMITATION, ANY THREATENED OR PROSPECTIVE INVESTIGATION, LITIGATION, OR OTHER PROCEEDING, RELATING
TO ANY OF THE FOREGOING, WHETHER BROUGHT BY A THIRD PARTY OR BY ANY LOAN PARTY. WITHOUT LIMITING ANY PROVISION OF THIS AGREEMENT OR OF
ANY OTHER LOAN DOCUMENT, IT IS THE EXPRESS INTENTION OF THE PARTIES HERETO THAT EACH INDEMNITEE SHALL BE INDEMNIFIED FROM AND HELD HARMLESS
AGAINST ANY AND ALL LOSSES, LIABILITIES, CLAIMS, DAMAGES, PENALTIES, JUDGMENTS, DISBURSEMENTS, COSTS, AND EXPENSES (INCLUDING ATTORNEYS’
FEES) ARISING OUT OF OR RESULTING FROM THE SOLE, CONTRIBUTORY, COMPARATIVE, CONCURRENT OR ORDINARY NEGLIGENCE OF SUCH INDEMNITEE (OR
THE REPRESENTATIVES OF SUCH PERSON); provided that such indemnity shall not, as to any Indemnitee, be available to the extent
such losses, liabilities, claims, damages, penalties, judgments, disbursements, costs and expenses (x) are determined by a court
of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such
Indemnitee or (y) result from a claim not involving an act or omission of any Loan Party and that is brought by an Indemnitee against
another Indemnitee (other than against the Arranger or Administrative Agent in their capacities as such).

 

    CREDIT AGREEMENT – Page 132

     

    

 

(b)               If,
for the purposes of obtaining judgment in any court in any jurisdiction with respect to this Agreement or any other Loan Document,
it becomes necessary to convert into a particular currency (the “Judgment Currency”) any amount due under
this Agreement or under any other Loan Document in any currency other than the Judgment Currency (the “Currency
Due”), then conversion shall be made at the rate of exchange prevailing on the Business Day before the day on which
judgment is given. For this purpose “rate of exchange” means the rate at which the Administrative Agent is able, on the
relevant date, to purchase the Currency Due with the Judgment Currency in accordance with its normal practice. In the event that
there is a change in the rate of exchange prevailing between the Business Day immediately preceding the day on which the judgment is
given and the date of receipt by the Administrative Agent of the amount due, the Borrowers shall, on the date of receipt by the
Administrative Agent, pay such additional amounts, if any, or be entitled to receive reimbursement of such amount, if any, as may be
necessary to ensure that the amount received by the Administrative Agent on such date is the amount in the Judgment Currency which
when converted at the rate of exchange prevailing on the date of receipt by the Administrative Agent is the amount then due under
this Agreement or such other Loan Document in the Currency Due. If the amount of the Currency Due which the Administrative Agent is
so able to purchase is less than the amount of the Currency Due originally due to it, the Borrowers shall indemnify and save the
Administrative Agent and the Lenders harmless from and against all loss or damage arising as a result of such deficiency. This
indemnity shall constitute an obligation separate and independent from the other obligations contained in this Agreement and the
other Loan Documents, shall give rise to a separate and independent cause of action, shall apply irrespective of any indulgence
granted by the Administrative Agent from time to time and shall continue in full force and effect notwithstanding any judgment or
order for a liquidated sum in respect of an amount due under this Agreement or any other Loan Document or under any judgment or
order.

 

(c)              
Any amount to be paid under this Section 11.2 shall be a demand obligation owing by Borrowers and if not paid
within ten (10) days of demand shall bear interest, to the extent not prohibited by and not in violation of applicable Law, from the date
of expenditure until paid at a rate per annum equal to the Default Interest Rate. The obligations of Borrowers under this Section 11.2
shall survive payment of the Notes and other obligations hereunder and the assignment of any right hereunder.

 

Section 11.3       
Limitation of Liability. None of Arranger, Administrative Agent, L/C Issuer, Swing Line Lender, or any Lender,
or any of their Related Parties, shall have any liability with respect to, and each Loan Party hereby waives, releases, and agrees not
to sue any of them upon, any claim for any special, indirect, incidental, or consequential damages (whether in contract, tort or otherwise)
suffered or incurred by any Loan Party in connection with, arising out of, or in any way related to, this Agreement or any of the other
Loan Documents, or any of the transactions contemplated by this Agreement or any of the other Loan Documents. Each Loan Party hereby
waives, releases, and agrees not to sue Arranger, Administrative Agent, L/C Issuer, Swing Line Lender, or any Lender, or any of their
Related Parties, for punitive damages in respect of any claim in connection with, arising out of, or in any way related to, this Agreement
or any of the other Loan Documents, or any of the transactions contemplated by this Agreement or any of the other Loan Documents.

 

    CREDIT AGREEMENT – Page 133

     

    

 

Section
11.4        No
Duty. All attorneys, accountants, appraisers, and other professional Persons and consultants retained by Arranger, Administrative
Agent, any Lender, L/C Issuer, or Swing Line Lender shall have the right to act exclusively in the interest of Arranger, Administrative
Agent or such Lender, L/C Issuer, or Swing Line Lender and shall have no duty of disclosure, duty of loyalty, duty of care, or other
duty or obligation of any type or nature whatsoever to any Loan Party or any of such Loan Party’s equity holders, Affiliates, officers,
employees, attorneys, agents, or any other Person.

 

Section 11.5       
Lenders Not Fiduciary. The relationship between Borrowers and each other Loan Party on the one hand, and Administrative
Agent, Arranger and each Lender, L/C Issuer, and Swing Line Lender is solely that of debtor and creditor, and none of Administrative
Agent, Arranger, any Lender, L/C Issuer, or Swing Line Lender, on the other hand, has any fiduciary or other special relationship with
Borrowers or any other Loan Party, and no term or condition of any of the Loan Documents shall be construed so as to deem the relationship
between Borrowers and each other Loan Party on the one hand, and Administrative Agent, Arranger and each Lender, L/C Issuer, and Swing
Line Lender, on the other hand, to be other than that of debtor and creditor.

 

Section 11.6       
Equitable Relief. Each Loan Party recognizes that in the event any Borrower or any other Loan Party fails to
pay, perform, observe, or discharge any or all of the Obligations, any remedy at law may prove to be inadequate relief to Administrative
Agent or Lenders, L/C Issuer, or Swing Line Lender. Each Loan Party therefore agrees that Administrative Agent, any Lender, L/C Issuer,
or Swing Line Lender, if Administrative Agent or such Lender, L/C Issuer, or Swing Line Lender so requests, shall be entitled to temporary
and permanent injunctive relief in any such case without the necessity of proving actual damages.

 

Section 11.7       
No Waiver; Cumulative Remedies. No failure on the part of Administrative Agent, any Lender, L/C Issuer, or Swing
Line Lender to exercise and no delay in exercising, and no course of dealing with respect to, any right, remedy, power, or privilege
under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power, or privilege
under this Agreement preclude any other or further exercise thereof or the exercise of any other right, remedy, power, or privilege.
The rights and remedies provided for in this Agreement and the other Loan Documents are cumulative and not exclusive of any rights and
remedies provided by Law.

 

Notwithstanding anything
to the contrary contained herein or in any other Loan Document, the authority to enforce rights and remedies hereunder and under the
other Loan Documents against the Loan Parties or any of them shall be vested exclusively in, and all actions and proceedings at law
in connection with such enforcement shall be instituted and maintained exclusively by, Administrative Agent in accordance with Section 9.2 for
the benefit of all the Lenders; provided, however, that the foregoing shall not prohibit (a) 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) Swing Line Lender from exercising the rights and remedies that inure to its
benefit (solely in its capacity as Swing Line Lender) hereunder and under the other Loan Documents, (c) any Lender from
exercising setoff rights in accordance with Section 4.2 (subject to the terms of Section 11.23),
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 Administrative Agent pursuant to Section 9.2 and (ii) in addition to the
matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject to Section 11.23,
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.

 

    CREDIT AGREEMENT – Page 134

     

    

 

Section 11.8         
Successors and Assigns.

 

(a)          Successors
and Assigns Generally. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and
their respective successors and assigns permitted hereby, except that no Loan Party may assign or otherwise transfer any of its rights,
duties, or obligations under this Agreement or the other Loan Documents without the prior written consent of Administrative Agent and
each Lender, and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee
in accordance with the provisions of Section 11.8(b), (ii) by way of participation in accordance with the provisions
of Section 11.8(d), or (iii) by way of pledge or assignment of a security interest subject to the restrictions
of Section 11.8(e) (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing
in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective
successors and assigns permitted hereby, Participants to the extent provided in Section 11.8(d) and, to the extent
expressly contemplated hereby, the Related Parties of each of Administrative Agent and Lenders) any legal or equitable right, remedy
or claim under or by reason of this Agreement.

 

(b)          Assignments
by Lenders. Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under this
Agreement (including all or a portion of its Commitment(s) and the Loans at the time owing to it); provided that any such assignment
shall be subject to the following conditions:

 

(i)                 Minimum
Amounts. (A) in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment(s)
and/or the Loans at the time owing to it or contemporaneous assignments to related Approved Funds (determined after giving effect to
such assignments) that equal at least the amount specified in Section 11.8(b)(i)(B) 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 Section 11.8(b)(i)(A), the aggregate amount of the Commitment(s) (which for this
purpose includes Loans outstanding hereunder) or, if the applicable Commitment is not then in effect, the Outstanding Amount 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 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 Administrative Agent and, so long as no Event of
Default has occurred and is continuing, the Borrower Representative otherwise consents (each such consent not to be unreasonably
withheld or delayed).

 

    CREDIT AGREEMENT – Page 135

     

    

 

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

 

(iii)           
Required Consents. No consent shall be required for any assignment except to the extent required by Section 11.8(b)(i)(B)
and, in addition: (A) the consent of the Borrower Representative (such consent not to be unreasonably withheld or delayed) shall
be required unless (x) an Event of Default has occurred and is continuing at the time of such assignment, or (y) such assignment
is to a Lender, an Affiliate of a Lender or an Approved Fund; provided that the Borrower Representative shall be deemed to have
consented to any such assignment unless it shall object thereto by written notice to Administrative Agent within five (5) Business Days
after having received notice thereof; (B) the consent of Administrative Agent (such consent not to be unreasonably withheld or delayed)
shall be required for assignments in respect of any Commitment or Revolving Credit Loans if such assignment is to a Person that is not
a Lender with a Commitment, an Affiliate of such Lender or an Approved Fund with respect to such Lender; and (C) the consent of L/C Issuer
and Swing Line Lender shall be required for any assignment in respect of the Revolving Credit Facility.

 

(iv)            
Assignment and Assumption. The parties to each assignment shall execute and deliver to Administrative Agent an Assignment
and Assumption, together with a processing and recordation fee of $3,500; provided that Administrative Agent may, in its sole discretion,
elect to waive such processing and recordation fee in the case of any assignment; and provided further that Borrowers shall not
be obligated to pay for such processing and recording fee except in the case of any assignment made pursuant to Section 3.6(b).
The assignee, if it is not a Lender, shall deliver to Administrative Agent an Administrative Questionnaire.

 

(v)              
No Assignment to Certain Persons. No such assignment shall be made to (A)  Parent, any Loan Party, or any their respective
Affiliates or Subsidiaries or (B) any Defaulting Lender or any of its Affiliates, or any Person who, upon becoming a Lender hereunder,
would constitute any of the foregoing Persons described in this clause (b).

 

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

 

    CREDIT AGREEMENT – Page 136

     

    

 

(vii)          Certain
Additional Payments. In connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such
assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to such
assignment shall make such additional payments to 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 Representative and Administrative Agent, the applicable
pro rata share of Loans previously requested but not funded by such Defaulting Lender, to each of which the applicable assignee and
assignor hereby irrevocably consent), to: (A) pay and satisfy in full all payment liabilities then owed by such Defaulting
Lender to Administrative Agent or any Lender hereunder (and interest accrued thereon) and (B) acquire (and fund as appropriate)
its full pro rata share of all Loans and participations in Letters of Credit and Swing Line Loans in accordance with its Applicable
Percentage. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender
hereunder shall become effective under applicable Law without compliance with the provisions of this paragraph, then the assignee of
such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs.

 

Subject to acceptance
and recording thereof by Administrative Agent pursuant to Section 11.8(c), from and after the effective date specified
in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned
by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder
shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement
(and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement,
such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Section 3.1, Section
3.2, Section 11.1 and Section 11.2 with respect to facts and circumstances occurring prior
to the effective date of such assignment; provided that, except to the extent otherwise expressly agreed by the affected parties,
no assignment by a Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s
having been a Defaulting Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply
with this 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 Section 11.8(d). Upon the consummation of any assignment pursuant to this
Section 11.8(b), if requested by the transferor or transferee Lender, the transferor Lender, Administrative Agent and
Borrowers shall make appropriate arrangements so that replacement Notes are issued to such transferor Lender (if applicable) and new Notes
or, as appropriate, replacement Notes, are issued to the assignee.

 

(c)               Register.
Administrative Agent, acting solely for this purpose as a non-fiduciary agent of Borrowers, shall maintain at one of its offices in
Dallas, Texas a copy of each Assignment and Assumption delivered to it and a Register. The entries in the Register shall be
conclusive absent manifest error, and Borrowers, Administrative Agent and 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 Borrowers and any Lender, at any reasonable time and from time to time upon reasonable prior notice.

 

    CREDIT AGREEMENT – Page 137

     

    

 

(d)              
Participations. Any Lender may at any time, without the consent of, or notice to, any Loan Party or Administrative Agent,
sell participations to 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(s) and/or the Loans owing to it); provided that (i) such Lender’s obligations under
this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance
of such obligations, and (iii) each Loan Party, Administrative Agent, and Lenders shall continue to deal solely and directly with
such Lender in connection with such Lender’s rights and obligations under this Agreement. For the avoidance of doubt, each Lender
shall be responsible for the indemnity under Section 11.1(b) without regard to the existence of any participation.

 

Any agreement
or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to
enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that
such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment,
modification or waiver described in Section 11.10 which requires the consent of all Lenders and affects such
Participant. Each Borrower agrees that each Participant shall be entitled to the benefits of Sections 3.1, 3.4 and 3.5
(subject to the requirements and limitations therein, including the requirements under Section 3.4(g) (it being
understood that the documentation required under Section 3.4(g) shall be delivered to the participating Lender)) to
the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section; provided
that such Participant (A) agrees to be subject to the provisions of Section 3.6 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 3.1 or 3.4,
with respect to any participation, than its participating Lender would have been entitled to receive, except to the extent such
entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable
participation. Each Lender that sells a participation agrees, at Borrowers’ request and expense, to use reasonable efforts to
cooperate with Borrowers to effectuate the provisions of Section 3.6 with respect to any Participant. To the extent
permitted by Law, each Participant also shall be entitled to the benefits of Section 11.25 as though it were a Lender; provided
that such Participant agrees to pay to Administrative Agent any amount set-off for application to the Obligations under the Loan
Documents as required pursuant to Section 11.25; provided further that such Participant agrees to be subject to Section
11.23 as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as a
non-fiduciary agent of Borrowers, maintain a Participant Register; provided that no Lender shall have any obligation to
disclose all or any portion of the Participant Register to any Person (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) 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, Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility
for maintaining a Participant Register.

 

    CREDIT AGREEMENT – Page 138

     

    

 

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

 

(f)            Dissemination
of Information. Each Loan Party authorizes Administrative Agent and each Lender to disclose to any actual or prospective purchaser,
assignee or other recipient of a Lender’s Commitment, any and all information in Administrative Agent’s or such Lender’s
possession concerning Borrowers, the other Loan Parties and their respective Affiliates.

 

Section 11.9        
Survival. All representations and warranties made in this Agreement or any other Loan Document or in any document,
statement, or certificate furnished in connection with this Agreement shall survive the execution and delivery of this Agreement and
the other Loan Documents, and no investigation by Administrative Agent or any Lender or any closing shall affect the representations
and warranties or the right of Administrative Agent or any Lender to rely upon them. Without prejudice to the survival of any other obligation
of any Loan Party hereunder, the obligations of Borrowers under Sections 11.1 and 11.2 shall survive
repayment of the Obligations and termination of the Commitments.

 

Section 11.10   
    Amendment. Subject to Section 3.3(b), the provisions of this Agreement and the other Loan Documents
to which Borrowers or any other Loan Party is a party (other than the Issuer Documents) may be amended or waived only by an instrument
in writing signed by Required Lenders (or by Administrative Agent with the consent of Required Lenders) and each Loan Party party thereto
and acknowledged by Administrative Agent; provided, however, that no such amendment or waiver shall:

 

(a)           waive any condition set forth in Section 4.1, without the written consent of each Lender;

 

(b)          extend
or increase any Commitment of any Lender (or reinstate any Commitment terminated pursuant to Section 9.2) without
the written consent of such Lender;

 

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

 

    CREDIT AGREEMENT – Page 139

     

    

 

(d)              
 reduce the principal of, or the rate of interest specified herein on, any Loan, or 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 (i) any
amendment or modification of the financial covenants in this Agreement (or any defined term used therein) shall not constitute a reduction
in the rate of interest or fees for purposes of this clause (d) and (ii) only the consent of Required Lenders shall be necessary
to adjust the Default Interest Rate or to waive any obligation of Borrowers to pay interest at such rate;

 

(e)              
change any provision of this Section 11.10 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;

 

(f)               
(i)change Section 9.4 in a manner that would alter the pro rata sharing of payments required thereby or otherwise
adversely affect the priority of payment of any such Obligations, (ii) subordinate any of the Obligations owed to the Lenders in right
of payment or otherwise adversely affect the priority of payment of any such Obligations or (iii) subordinate any of the Liens securing
the Obligations owed to the Lenders (except as otherwise set forth in Section 10.9), in each case, without the written consent
of each Lender; or

 

(g)              
release any Guaranty or all or substantially all of the Collateral (in each case, except as provided herein) 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 Swing Line Lender in addition to the Lenders
required above, affect the rights or duties of the Swing Line Lender under this Agreement; (iii) no amendment, waiver or consent
shall, unless in writing and signed by Administrative Agent in addition to Lenders required above, affect the rights or duties of Administrative
Agent under this Agreement or any other Loan Document; (iv) the Fee Letter may be amended, or rights or privileges thereunder waived,
in a writing executed only by the parties thereto; and (v) Borrowers and Administrative Agent may amend this Agreement or any other Loan
Document without the consent of Lenders (unless the Required Lenders object in writing within five (5) Business Days of notice by Administrative
Agent of such amendment) in order to (A) correct, amend or cure any ambiguity, inconsistency or defect or correct any typographical
error or other manifest error in any Loan Document or (B) comply with local Law or advice of local counsel in any jurisdiction the
Laws of which govern any Security Document or that are relevant to the creation, perfection, protection and/or priority of any Lien in
favor of Administrative Agent, (C) effect the granting, perfection, protection, expansion or enhancement of any security interest
in any Collateral or additional property to become Collateral for the benefit of the Secured Parties, (D) make administrative or
operational changes not adverse to any Lender or (E) add a Guarantor or Collateral or otherwise enhance the rights and benefits of
the Lenders.

 

    CREDIT AGREEMENT – Page 140

     

    

 

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(s) 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.

 

Section 11.11     
Notices.

 

(a)          Notices
Generally. Except in the case of notices and other communications expressly permitted to be given by telephone (and except as provided
in Section 11.11(b)), 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 set forth on Schedule 11.11.
Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when
received. Notices sent by 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
delivered through electronic communications, to the extent provided in Section 11.11(b) shall be effective as provided
in Section 11.11(b).

 

(b)          Electronic
Communications. Notices and other communications to Lenders and hereunder may be delivered or furnished by electronic communication
(including e-mail and internet or intranet websites) pursuant to procedures approved by Administrative Agent, provided that the
foregoing shall not apply to notices to any Lender pursuant to Article 2 if such Lender has notified Administrative
Agent that it is incapable of receiving notices under Article 2 by electronic communication. Administrative Agent
or any Loan Party may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications
pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications.

 

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

 

    CREDIT AGREEMENT – Page 141

     

    

 

(c)          Change of Address, etc. Any party hereto may change its address or facsimile number for notices and other communications
hereunder by notice to the other parties hereto, Schedule 11.11 shall be deemed to be amended by each such change,
and Administrative Agent is authorized, in its discretion, from time to time to reflect each such change in an amended Schedule 11.11
provided by Administrative Agent to each party hereto.

 

(d)          Platform.

 

(i)                
Each Loan Party agrees that Administrative Agent may, but shall not be obligated to, make the Communications (as defined below)
available to the Lenders, L/C Issuer or Swing Line Lender by posting the Communications on the Platform.

 

(ii)             
The Platform is provided “as is” and “as available.” The Agent Parties do not warrant the adequacy of the
Platform and expressly disclaim liability for errors or omissions in the Communications. No warranty of any kind, express, implied or
statutory, including, without limitation, any warranty of merchantability, fitness for a particular purpose, non-infringement of third-party
rights or freedom from viruses or other code defects, is made by any Agent Party in connection with the Communications or the Platform.
In no event shall the Agent Parties have any liability to any Loan Party, any Lender or any other Person or entity for damages of any
kind, including, without limitation, direct or indirect, special, incidental or consequential damages, losses or expenses (whether in
tort, contract or otherwise) arising out of any Loan Party’s or Administrative Agent’s transmission of Communications through
the Platform.

 

(iii)           
Each Loan Party (by its, his or her execution of a Loan Document) hereby authorizes Administrative Agent, each Lender, Swing Line
Lender and their respective counsel and agents and Related Parties (each an “Authorized Party”) to communicate
and transfer documents and other information (including confidential information) concerning this transaction or any Loan Party and the
business affairs of such Loan Parties via the Internet or other electronic communication method. In no event shall any Authorized Party
have any liability to any Loan Party, any Lender or any other Person or entity for damages of any kind (whether in tort, contract or otherwise)
arising out of any such communications or transmissions, except to the extent that such damages are determined by a court of competent
jurisdiction in a final and nonappealable judgment to have directly resulted from the gross negligence or willful misconduct of such Authorized
Party; provided, however, that in no event shall any Authorized Party have any liability for indirect, special, incidental, consequential
or punitive damages (as opposed to direct or actual damages).

 

    CREDIT AGREEMENT – Page 142

     

    

 

Section
11.12        Governing Law; Venue;
Service of Process.

 

(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 Laws of the State of Texas (without reference to applicable rules of conflicts of Laws), except to the extent the
Laws of any jurisdiction where Collateral is located require application of such Laws with respect to such Collateral.

 

(b)          Jurisdiction.
Each Loan Party irrevocably and unconditionally agrees that it will not commence any action, litigation or proceeding of any kind or
description, whether in law or equity, whether in contract or in tort or otherwise, against Administrative Agent, any Lender, L/C Issuer,
Swing Line Lender 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 Texas sitting in Dallas County, Texas, and of the United
States District Court of the Northern District of Texas, 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 Texas 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 Administrative Agent, any Lender, L/C Issuer or Swing Line Lender may otherwise have
to bring any action or proceeding relating to this Agreement or any other Loan Document against any Borrower or any of the other Loan
Parties or their Properties in the courts of any jurisdiction.

 

(c)           Waiver
of Venue. Each Loan Party irrevocably and unconditionally waives, to the fullest extent permitted by applicable Law, any objection
that it may now or hereafter have to the laying of venue of any action or proceeding arising out of or relating to this Agreement or
any other Loan Document in any court referred to in paragraph (b) of this Section. Each of the parties
hereto hereby irrevocably waives, to the fullest extent permitted by applicable Law, the defense of an inconvenient forum to the maintenance
of such action or proceeding in any such court.

 

(d)          Service
of Process. Each party hereto irrevocably consents to service of process by the mailing thereof, in the manner provided for the mailing
of notices in Section 11.11. Nothing in this Agreement will affect the right of any party hereto to serve process
in any other manner permitted by applicable Law.

 

Section 11.13   
Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original,
but all of which together shall constitute one and the same instrument. Except as provided in Section 4.1, this Agreement
shall become effective when it shall have been executed by Administrative Agent and when 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.

 

    CREDIT AGREEMENT – Page 143

     

    

 

Section
11.14       Severability.
Any provision of this Agreement or any other Loan Document held by a court of competent jurisdiction to be invalid or unenforceable shall
not impair or invalidate the remainder of this Agreement and the effect thereof shall be confined to the provision held to be invalid
or illegal. Furthermore, in lieu of such invalid or unenforceable provision there shall be added as a part of this Agreement or the other
Loan Documents a provision as similar in terms to such illegal, invalid or unenforceable provision as may be possible and be legal, valid
and enforceable.

 

Section 11.15     
Headings. The headings, captions, and arrangements used in this Agreement are for convenience only and shall
not affect the interpretation of this Agreement.

 

Section 11.16   
    Construction. Each Loan Party, Administrative Agent and each Lender acknowledge that each of them has had the
benefit of legal counsel of its own choice and has been afforded an opportunity to review this Agreement and the other Loan Documents
with its legal counsel and that this Agreement and the other Loan Documents shall be construed as if jointly drafted by each Loan Party,
Administrative Agent and each Lender.

 

Section 11.17      
Independence of Covenants. All covenants hereunder shall be given independent effect so that if a particular
action or condition is not permitted by any of such covenants, the fact that it would be permitted by an exception to, or be otherwise
within the limitations of, another covenant shall not avoid the occurrence of a Default if such action is taken or such condition exists.

 

Section 11.18      
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 11.18.

 

    CREDIT AGREEMENT – Page 144

     

    

 

Section 11.19       Additional
Interest Provision. It is expressly stipulated and agreed to be the intent of each Loan Party, Administrative Agent and each
Lender at all times to comply strictly with the applicable Law governing the maximum rate or amount of interest payable on the
indebtedness evidenced by any Note, any other Loan Document, and the Related Indebtedness (or applicable United States federal Law
to the extent that it permits any Lender to contract for, charge, take, reserve or receive a greater amount of interest than under
applicable Law). If the applicable Law is ever judicially interpreted so as to render usurious any amount (a) contracted for,
charged, taken, reserved or received pursuant to any Note, any of the other Loan Documents or any other communication or writing by
or between any Borrower or any other Loan Party and any Lender related to the transaction or transactions that are the subject
matter of the Loan Documents, (b) contracted for, charged, taken, reserved or received by reason of Administrative
Agent’s or any Lender’s exercise of the option to accelerate the maturity of any Note and/or the Related Indebtedness,
or (c) any Loan Party will have paid or Administrative Agent or any Lender will have received by reason of any voluntary
prepayment by Borrowers or any other Loan Party of any Note and/or the Related Indebtedness, then it is Borrowers’ and each
other Loan Party’s, Administrative Agent’s and Lenders’ express intent that all amounts charged in excess of the
Maximum Rate shall be automatically canceled, ab initio, and all amounts in excess of the Maximum Rate theretofore collected by
Administrative Agent or any Lender shall be credited on the principal balance of any Note and/or the Related Indebtedness (or, if
any Note and all Related Indebtedness have been or would thereby be paid in full, refunded to Borrowers or such other Loan Party, as
applicable), and the provisions of any Note and the other Loan Documents shall immediately be deemed reformed and the amounts
thereafter collectible hereunder and thereunder reduced, without the necessity of the execution of any new document, so as to comply
with the applicable Law, but so as to permit the recovery of the fullest amount otherwise called for hereunder and thereunder; provided, however,
if any Note or Related Indebtedness has been paid in full before the end of the stated term thereof, then Borrowers, each other Loan
Party, Administrative Agent and each Lender agree that Administrative Agent or any Lender, as applicable, shall, with reasonable
promptness after Administrative Agent or such Lender discovers or is advised by any Loan Party that interest was received in an
amount in excess of the Maximum Rate, either refund such excess interest to such Loan Party, as applicable, and/or credit such
excess interest against such Note and/or any Related Indebtedness then owing by Borrowers and the other Loan Parties to
Administrative Agent or such Lender. Each Loan Party hereby agrees that as a condition precedent to any claim seeking usury
penalties against Administrative Agent or such Lender, such Loan Party will provide written notice to Administrative Agent or any
Lender, advising Administrative Agent or such Lender in reasonable detail of the nature and amount of the violation, and
Administrative Agent or such Lender shall have sixty (60) days after receipt of such notice in which to correct such usury
violation, if any, by either refunding such excess interest to such Loan Parties, as applicable, or crediting such excess interest
against the Note to which the alleged violation relates and/or the Related Indebtedness then owing by the Loan Parties to
Administrative Agent or such Lender. All sums contracted for, charged, taken, reserved or received by Administrative Agent or any
Lender for the use, forbearance or detention of any debt evidenced by any Note and/or the Related Indebtedness shall, to the extent
permitted by applicable Law, be amortized or spread, using the actuarial method, throughout the stated term of such Note and/or the
Related Indebtedness (including any and all renewal and extension periods) until payment in full so that the rate or amount of
interest on account of any Note and/or the Related Indebtedness does not exceed the Maximum Rate from time to time in effect and
applicable to such Note and/or the Related Indebtedness for so long as debt is outstanding. In no event shall the provisions of
Chapter 346 of the Texas Finance Code (which regulates certain revolving credit loan accounts and revolving triparty accounts)
apply to the Notes and/or any of the Related Indebtedness. Notwithstanding anything to the contrary contained herein or in any of
the other Loan Documents, it is not the intention of Administrative Agent or any Lender to accelerate the maturity of any interest
that has not accrued at the time of such acceleration or to collect unearned interest at the time of such acceleration.

 

    CREDIT AGREEMENT – Page 145

     

    

 

Section 11.20       Ceiling
Election. To the extent that any Lender is relying on Chapter 303 of the Texas Finance Code to determine the Maximum
Rate payable on any Note and/or any other portion of the Obligations under the Loan Documents, such Lender will utilize the weekly
ceiling from time to time in effect as provided in such Chapter 303. To the extent United States federal Law permits any Lender to
contract for, charge, take, receive or reserve a greater amount of interest than under Texas Law, such Lender will rely on United
States federal Law instead of such Chapter 303 for the purpose of determining the Maximum Rate. Additionally, to the extent
permitted by applicable Law now or hereafter in effect, any Lender may, at its option and from time to time, utilize any other
method of establishing the Maximum Rate under such Chapter 303 or under other applicable Law by giving notice, if required, to
Borrowers as provided by applicable Law now or hereafter in effect.

 

Section 11.21      
USA Patriot Act and Canadian AML Legislation Notice. Administrative Agent and each Lender hereby notifies each
Loan Party that pursuant to the requirements of the Patriot Act and applicable Canadian AML Legislation, it is required to obtain, verify
and record information that identifies each Loan Party, which information includes the name and address of each Loan Party and other
information that will allow Administrative Agent and such Lender to identify each Loan Party in accordance with the Patriot Act and applicable
Canadian AML Legislation. In addition, each Loan Party agrees to (a) ensure that no Person who owns a Controlling interest in or
otherwise controls any Loan Party or any Subsidiary of Company or any other Loan Party is or shall be a Sanctioned Person, (b) not
to use or permit the use of proceeds of the Obligations to violate any Anti-Corruption Laws, Anti-Terrorism Laws or any applicable Sanctions,
and (c) comply, or cause its Subsidiaries to comply, with the applicable Laws.

 

Section
11.22       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 in Section 11.10.

 

    CREDIT AGREEMENT – Page 146

     

    

 

(ii)              Defaulting
Lender Waterfall. Any payment of principal, interest, fees or other amounts received by Administrative Agent for the account of
such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article 9 or otherwise) or
received by Administrative Agent from a Defaulting Lender shall be applied at such time or times as may be determined by
Administrative Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to Administrative Agent
hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to L/C Issuer or Swing
Line Lender hereunder; third, to Cash Collateralize L/C Issuer’s Fronting Exposure, if any, with respect to such
Defaulting Lender in accordance with Section 2.7; fourth, as Borrowers may request (so long as no Default
or Event of Default exists), to the funding of any Revolving Credit Loan in respect of which such Defaulting Lender has failed to
fund its portion thereof as required by this Agreement, as determined by Administrative Agent; fifth, if so determined by
Administrative Agent and Borrowers, 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 Credit Loans under this Agreement and
(y)  Cash Collateralize L/C Issuer’s future Fronting Exposure, if any, with respect to such Defaulting Lender with
respect to future Letters of Credit issued under this Agreement, in accordance with Section 2.7; sixth, to
the payment of any amounts owing to Lenders, L/C Issuer or Swing Line Lender as a result of any judgment of a court of competent
jurisdiction obtained by any Lender, L/C Issuer or Swing Line Lender against such Defaulting Lender as a result of such Defaulting
Lender’s breach of its obligations under this Agreement; seventh, so long as no Default or Event of Default exists, to
the payment of any amounts owing to Borrowers as a result of any judgment of a court of competent jurisdiction obtained by Borrowers
against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and eighth,
to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that, if (x) such
payment is a payment of the principal amount of any Loans or L/C Borrowings in respect of which such Defaulting Lender has not fully
funded its appropriate share, and (y) such Loans were made or the related Letters of Credit were issued at a time when the
conditions set forth in Section 4.2 were satisfied or waived, such payment shall be applied solely to pay the
Loans of, and L/C Obligations owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any
Loans of, or L/C Obligations owed to, such Defaulting Lender until such time as all Loans and funded and unfunded participations in
L/C Obligations and Swing Line Loans are held by Lenders pro rata in accordance with the Commitments under the Revolving Credit
Facility without giving effect to Section 11.22(a)(iv). Any payments, prepayments or other amounts paid or
payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral
pursuant to this Section 11.22(a)(ii) shall be deemed paid to and redirected by such Defaulting Lender, and each
Lender irrevocably consents hereto.

 

(iii)          Certain
Fees.

 

(A)            
No Defaulting Lender shall be entitled to receive any fee payable under Section 2.4(c) for any period during
which that Lender is a Defaulting Lender (and Borrowers 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 2.7.

 

(C)              With
respect to any fee payable under Section 2.4(c) or to any Letter of Credit Fee not required to be paid to any
Defaulting Lender pursuant to clause (A) or (B) above, Borrowers shall (x) pay to each Lender
that is a Non-Defaulting Lender that portion of any such fee otherwise payable to such Defaulting Lender with respect to such
Defaulting Lender’s participation in L/C Obligations or Swing Line Loans that has been reallocated to such Non-Defaulting
Lender pursuant to clause (iv) below, (y) pay to L/C Issuer and Swing Line Lender, as applicable, the amount
of any such fee otherwise payable to such Defaulting Lender to the extent allocable to such L/C Issuer’s or Swing Line
Lender’s Fronting Exposure to such Defaulting Lender, and (z) not be required to pay the remaining amount of any such
fee.

 

    CREDIT AGREEMENT – Page 147

     

    

 

(iv)            Reallocation
of Applicable Percentages to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Obligations
and Swing Line Loans shall be reallocated among the Lenders that are Non-Defaulting Lenders in accordance with their respective Applicable
Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does
not cause the aggregate Revolving Credit Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Commitment.
Subject to Section 11.23, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder
against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender
as a result of such Non-Defaulting Lender’s increased exposure following such reallocation.

 

(v)            Cash
Collateral, Repayment of Swing Line Loans. If the reallocation described in clause (a)(iv) above cannot, or can
only partially, be effected, Borrowers shall, without prejudice to any right or remedy available to it hereunder or under applicable
Law, (x) first, prepay Swing Line Loans in an amount equal to Swing Line Lender’s Fronting Exposure and (y) second, Cash
Collateralize L/C Issuers’ Fronting Exposure in accordance with the procedures set forth in Section 2.7.

 

(b)          Defaulting
Lender Cure. If Borrowers, Administrative Agent, Swing Line Lender and L/C Issuer agree in writing that a Lender is no longer a
Defaulting Lender, 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 Administrative Agent may determine to be necessary to cause the Loans and funded and unfunded participations in Letters
of Credit and Swing Line Loans to be held on a pro rata basis by Lenders in accordance with their Applicable Percentages (without
giving effect to Section 11.22(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 Borrowers while that
Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the
affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party
hereunder arising from that Lender’s having been a Defaulting Lender.

 

    CREDIT AGREEMENT – Page 148

     

    

 

Section 11.23       
Sharing of Payments by Lenders. If any Lender shall, by exercising any right of setoff or counterclaim or otherwise,
obtain payment in respect of any principal of or interest on any of the Loans made by it or other obligations hereunder, resulting in
such Lender’s receiving payment of a proportion of the aggregate amount of such Loans and accrued interest thereon greater than
its pro rata share thereof as provided herein, then the Lender receiving such greater proportion shall:

 

(a)          notify
Administrative Agent of such fact; and

 

(b)          purchase (for cash at face value) participations in the Loans and such other obligations of the other Lenders, or make such other
adjustments as shall be equitable, so that the benefit of all such payments shall be shared by Lenders ratably in accordance with the
aggregate amount of principal of and accrued interest on their respective Loans and other amounts owing them, provided that:

 

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

 

(ii)            the
provisions of this Section 11.23 shall not be construed to apply to: (A) any payment made by or on behalf of
Borrowers pursuant to and in accordance with the express terms of this Agreement (including the application of funds arising from the
existence of a Defaulting Lender); or (B) any payment obtained by a Lender as consideration for the assignment of or sale of a participation
in any of its Loans or subparticipations in L/C Obligations or Swing Line Loans to any assignee or participant, other than an assignment
to any Borrower or any Affiliate thereof (as to which the provisions of this Section 11.23 shall apply).

 

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

 

Section 11.24      
Payments Set Aside. To the extent that any payment by or on behalf of any Loan Party is made to Administrative
Agent, L/C Issuer or any Lender, or Administrative Agent, 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 Administrative Agent, 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 L/C Issuer
severally agrees to pay to Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from
or repaid by 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 Lenders and 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.

 

    CREDIT AGREEMENT – Page 149

     

    

 

Section 11.25      
Setoff. If an Event of Default exists, Administrative Agent and each Lender shall have the right to set off
against the Obligations under the Loan Documents, at any time and without notice to any Loan Party, any and all deposits (general or
special, time or demand, provisional or final) or other sums at any time credited by or owing from Administrative Agent or such Lender
to such Loan Party whether or not the Obligations under the Loan Documents are then due; provided that in the event that any Defaulting
Lender shall exercise any such right of setoff: (a) all amounts so set off shall be paid over immediately to Administrative Agent for
further application in accordance with the provisions of Section 11.22 and, pending such payment, shall be segregated by
such Defaulting Lender from its other funds and deemed held in trust for the benefit of Administrative Agent and Lenders; and (b) such
Defaulting Lender shall provide promptly to Administrative Agent a statement describing in reasonable detail the Obligations under the
Loan Documents owing to such Defaulting Lender as to which it exercised such right of setoff. Each amount set off shall be paid to Administrative
Agent for application to the Obligations under the Loan Documents in the order set forth in Section 9.4. As further security
for the Obligations, each Loan Party hereby grants to Administrative Agent and each Lender a security interest in all money, instruments,
and other Property of such Loan Party, as applicable, now or hereafter held by Administrative Agent or such Lender, including, without
limitation, Property held in safekeeping. In addition to Administrative Agent’s and each Lender’s right of setoff and as
further security for the Obligations, each Loan Party hereby grants to Administrative Agent and each Lender a security interest in all
deposits (general or special, time or demand, provisional or final) and other accounts of such Loan Party now or hereafter on deposit
with or held by Administrative Agent or such Lender and all other sums at any time credited by or owing from Administrative Agent or
such Lender to such Loan Party. The rights and remedies of Administrative Agent and each Lender hereunder are in addition to other rights
and remedies (including, without limitation, other rights of setoff) which Administrative Agent or such Lender may have.

 

    CREDIT AGREEMENT – Page 150

     

    

 

Section 11.26       Confidentiality.
Each of Administrative Agent, L/C Issuer, Swing Line Lender and the Lenders agrees to maintain the confidentiality of the
Information (as defined below), except that Information may be disclosed (a) to its Affiliates and to 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 or shall otherwise be subject to confidentiality provisions generally),
(b) to any regulatory authority purporting to have jurisdiction over it (including any self-regulatory authority, such as the
National Association of Insurance Commissioners) or any Governmental Authority, quasi-Governmental Authority or legislative
committee, (c) to the extent required by applicable Laws or regulations or by any subpoena or similar legal process,
(d) to any other party to this Agreement or any other Loan Document, (e) in connection with the exercise of any remedies
hereunder or under any other Loan Document or any suit, action or proceeding relating to this Agreement or any other Loan Document
or the enforcement of rights hereunder or thereunder, (f) subject to its being under a duty of confidentiality no less
restrictive than this Section 11.26, to (i) any assignee of or Participant in, or any prospective assignee
of or Participant in, any of its rights or obligations under this Agreement, (ii) any actual or prospective counterparty (or
its Related Parties) to any Bank Product relating to any Loan Party and its obligations, (iii) any actual or prospective
purchaser of a Lender or its holding company, (iv) any rating agency or any similar organization in connection with the rating
of any Loan Party or the Revolving Credit Facility or (v) the CUSIP Service Bureau or any similar organization in connection
with the issuance and monitoring of CUSIP numbers with respect to the Revolving Credit Facility, (g) with the consent of
Borrowers or such other applicable Loan Parties, or (h) to the extent such Information (i) becomes publicly available
other than as a result of a breach of this Section 11.26 or (ii) becomes available to Administrative Agent,
L/C Issuer, Swing Line Lender, any Lender or any of their respective Affiliates on a nonconfidential basis from a source other than
Borrowers. In addition, 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 Administrative Agent
and the Lenders in connection with the administration of this Agreement, the other Loan Documents, and the Commitments. For purposes
of this Section 11.26, “Information” means all information received from any Borrower
or any other Loan Party or any Subsidiary thereof relating to any Borrower or any other Loan Party or any Subsidiary thereof or any
of their respective businesses which is clearly identified as confidential, other than any such information that is available to
Administrative Agent, L/C Issuer, Swing Line Lender or any Lender on a nonconfidential basis prior to disclosure by any Borrower or
any other Loan Party or any Subsidiary thereof; provided that, in the case of information received from any Borrower or any
other Loan Party or any Subsidiary thereof 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 11.26 shall
be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the
confidentiality of such Information as such Person would accord to its own confidential information. Each Loan Party party hereto
agrees and confirms that, as between such Loan Party and Texas Capital Bank, the obligations of Texas Capital Bank under this Section
11.26 supersede and replace in their respective entireties all confidentiality, non-disclosure and similar obligations of
Texas Capital Bank, if any, set forth in any previous agreement between such Loan Party and Texas Capital Bank notwithstanding
anything to the contrary contained therein.

 

Each of the Loan Parties hereby
authorize Administrative Agent, with the written consent of the Borrower Representative, to publish the name and logo of any Loan Party
and the amount of the credit facility provided hereunder in any “tombstone” or comparable advertisement which Administrative
Agent desires to publish; provided, however, that Administrative Agent may provide industry trade organizations information necessary
for inclusion in league table measurements without the written consent of the Borrower Representative.

 

    CREDIT AGREEMENT – Page 151

     

    

 

 

Section 11.27   
Electronic Execution of Assignments and Certain Other Documents. The words “execute”, “execution”,
 “signed”, “signature”, and words of like import in or related to this Agreement, any other Loan Document or any
Assignment and Assumption or in any amendment or other modification hereof (including waivers and consents) shall be deemed to include
Electronic Signatures or execution in the form of an Electronic Record, the electronic matching of assignment terms and contract formations
on electronic platforms approved by Administrative Agent, or the keeping of records in electronic form, each of which shall be of the
same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the
case may be, to the extent and as provided for in any applicable Law, including the Federal Electronic Signatures in Global and National
Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state Laws based on the Uniform Electronic
Transactions Act. Notwithstanding anything contained herein to the contrary, Administrative Agent is under no obligation to accept an
Electronic Signature in any form or in any format unless expressly agreed to by Administrative Agent pursuant to procedures approved
by it; provided that  without limiting the foregoing, (a) to the extent Administrative Agent has agreed to accept such Electronic
Signature from any party hereto, Administrative Agent and the other parties hereto shall be entitled to rely on any such Electronic Signature
purportedly given by or on behalf of the executing party without further verification and (b) upon the request of Administrative Agent
or any Lender, any Electronic Signature shall be promptly followed by an original manually executed counterpart thereof.

 

Section 11.28   
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 entity, 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.

 

    CREDIT AGREEMENT – Page 152

     

    

 

Section 11.29   
Keepwell. Each Qualified ECP Guarantor party hereby jointly and severally absolutely, unconditionally and irrevocably
undertakes to provide such funds or other support as may be needed from time to time by each other Loan Party to honor all of such other
Loan Party’s (a) Swap Obligations and (b) obligations under the Guaranty including those with respect to Swap Obligations (provided,
however, that each Qualified ECP Guarantor shall only be liable under this Section for the maximum amount of such liability that
can be hereby incurred without rendering its obligations under this Section, or otherwise under this Agreement or any other Loan Document,
voidable under applicable Law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations
of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Obligations (other than contingent
indemnification obligations that survive the termination of this Agreement) have been paid in full and the Commitments have expired or
terminated. Each Qualified ECP Guarantor intends that this Section constitute, and this Section shall be deemed to constitute, a “keepwell,
support, or other agreement” for the benefit of each other Loan Party for all purposes of Section 1a(18)(A)(v)(ii) of the Commodity
Exchange Act.

 

Section 11.30   
NOTICE OF FINAL AGREEMENT. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE
PARTIES RELATING TO THE SUBJECT MATTER HEREOF AND THEREOF 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.

 

Section 11.31   
Intercreditor Agreement Section 11.32. Notwithstanding anything to the contrary
herein, the Liens granted to the Secured Parties pursuant to this Agreement and the exercise of any right or remedy by Administrative
Agent hereunder with respect to the Collateral are subject to the provisions of the Intercreditor Agreement. In the event of any conflict
between the terms of the Intercreditor Agreement and this Agreement with respect to such matters, the terms of the Intercreditor Agreement
shall govern and control. The Lenders hereby authorize (a) Administrative Agent to enter into the Intercreditor Agreement and to amend
such agreement in accordance with the provisions of Section 11.10 and (b) Administrative
Agent to take such action and execute and deliver to the Loan Parties, at the Loan Parties’ sole cost and expense, any all instruments,
assignments, agreements, releases of Liens, UCC-3 termination, PPSA termination or other documents reasonably requested by the Loan Parties
and/or the Subordinated Lenders in connection with the Subordinated Lenders exercising their purchase option in accordance with the Intercreditor
Agreement. Each Lender (by receiving the benefits thereunder and of the Collateral pledged pursuant to the Security Documents) agrees
that the terms of the Intercreditor Agreement shall be binding on such Lender and its successors and assigns, as if it were a party thereto.

 

Section 11.32   
Acknowledgement Regarding Any Supported QFCs. To the extent that the Loan Documents provide support, through
a guarantee or otherwise, for Hedge Agreements or any other agreement or instrument that is a QFC (such support, “QFC Credit
Support” and each such QFC a “Supported QFC”), the parties acknowledge and agree as follows with
respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of
the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S.
Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable
notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of Texas
and/or of the United States or any other state of the United States):

 

    CREDIT AGREEMENT – Page 153

     

    

 

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 Regimes
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 Regimes, 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.

 

Article 12.

GUARANTY

 

Section 12.1       
Guaranty. In consideration of the Loans, advances and other credit heretofore or hereafter granted by the Secured
Parties to Borrowers pursuant to this Agreement and the other Loan Documents and in further consideration of any Bank Product Agreements,
Guarantors hereby, jointly and severally, unconditionally, absolutely and irrevocably, guarantee to the Secured Parties, the due and
punctual payment at maturity, whether by acceleration or otherwise, and the due fulfillment and performance of the Obligations. Each
Guarantor is jointly and severally liable for the full payment and performance of the Obligations as a primary obligor.

 

Section 12.2       
Payment. If any of the Obligations is not punctually paid when such indebtedness becomes due and payable, either
by its terms or as a result of the exercise of any power to accelerate, Guarantors shall, immediately on demand and without presentment,
protest, notice of protest, notice of nonpayment, notice of intent to accelerate, notice of acceleration or any other notice whatsoever
(all of which are expressly waived in accordance with Section 12.3 hereof), pay the amount due and payable thereon to Administrative
Agent, at its Principal Office. It is not necessary for Administrative Agent, in order to enforce such payment by Guarantors, first to
institute suit or exhaust its remedies against Borrowers or others liable on the Obligations, or to enforce its rights against any security
given to secure such Obligations. Administrative Agent is not required to mitigate damages or take any other action to reduce, collect
or enforce the Obligations. No setoff, counterclaim, reduction or diminution of any obligation, or any defense of any kind which any
Guarantor has or may have against any Borrower or any Secured Party shall be available hereunder to Guarantors. No payment by any Guarantor
shall discharge the liability of Guarantors hereunder until the Obligations have been fully satisfied and the Release Date shall have
occurred. If Administrative Agent must rescind or restore any payment, or any part thereof, received by Administrative Agent on any part
of the Obligations, any prior release or discharge from the terms of this Guaranty given Guarantors by Administrative Agent or any reduction
of any Guarantor’s liability hereunder shall be without effect, and this Guaranty shall remain in full force and effect.

 

    CREDIT AGREEMENT – Page 154

     

    

 

Section
12.3        Agreements
and Waivers. Each Guarantor

 

(a)              
agrees to all terms and agreements heretofore or hereafter made by Borrowers with Administrative Agent and/or any other Secured
Party;

 

(b)              
agrees that Administrative Agent may without impairing its rights or the obligations of such Guarantor hereunder (i) waive or delay
the exercise of any of its rights or remedies against or release Borrowers or any other Person, including, without limitation, any other
party who is or whose Property is liable with respect to the Obligations or any part thereof (Guarantors and any such other Person or
Persons are hereafter collectively called the “Sureties” and individually called a “Surety”); (ii) take or accept
any other security, collateral or guaranty, or other assurance of the payment of all or any part of the Obligations; (iii) release, surrender,
exchange, subordinate or permit or suffer to exist any deterioration, waste, loss or impairment (including without limitation negligent,
willful, unreasonable or unjustified impairment) of any collateral, Property or security, at any time existing in connection with, or
assuring or securing payment of, all or any part of the Obligations or the liability of such Guarantor or any other Surety; (iv) increase,
renew, extend, or modify the terms of any of the Obligations or any instrument or agreement evidencing the same; (v) apply payments by
Borrowers, any Surety, or any other Person, to any of the Obligations; (vi) bring suit against any one or more Sureties without joining
any other Surety or Borrowers in such proceeding; (vii) compromise or settle with any one or more Sureties in whole or in part for such
consideration or no consideration as Administrative Agent may deem appropriate; or (viii) partially or fully release any Guarantor or
any other Surety from liability hereunder;

 

(c)               agrees
that the obligations of such Guarantor under this Guaranty shall not be released, diminished, or adversely affected by any of the
following: (i) the insolvency, bankruptcy, rearrangement, adjustment, composition, liquidation, disability, dissolution or lack of
power of Borrowers or any Surety; (ii) the invalidity, illegality or unenforceability of all or any part of the Obligations or any
document or agreement executed in connection with the Obligations, for any reason, or the fact that any debt included in the
Obligations exceeds the amount permitted by Law; (iii) the failure of Administrative Agent or any other party to exercise diligence
or reasonable care or to act in a commercially reasonable manner in the preservation, protection, enforcement, sale or other
handling or treatment of all or any part of such collateral, Property or security; (iv) the fact that any collateral, security or
Lien contemplated or intended to be given, created or granted as security for the repayment of the Obligations is not properly
perfected or created, or proves to be unenforceable or subordinate to any other Lien; (v) the fact that any Borrower has any defense
to the payment of all or any part of the Obligations; (vi) any payment by Borrowers or any Surety to Administrative Agent and/or any
other Secured Party is a preference under applicable Debtor Relief Laws, or for any reason Administrative Agent and/or any other
Secured Party is required to refund such payment or pay such amounts to Borrowers, any such Surety, or someone else; (vii) any
defenses which Borrowers could assert on the Obligations, including but not limited to failure of consideration, breach of warranty,
fraud, payment, accord and satisfaction, strict foreclosure, statute of frauds, bankruptcy, statute of limitations, lender liability
and usury; or (viii) any other action taken or omitted to be taken with respect to this Agreement, the Loan Documents, the
Obligations, the security and collateral therefor whether or not such action or omission prejudices such Guarantor or any Surety, or
increases the likelihood that such Guarantor will be required to pay the Obligations pursuant to the terms hereof;

 

    CREDIT AGREEMENT – Page 155

     

    

 

(d)              
agrees that such Guarantor is obligated to pay the Obligations when due, notwithstanding any occurrence, circumstance, event, action
or omission whatsoever, whether or not particularly described herein, except for the full and final payment and satisfaction of the Obligations;

 

(e)              
to the extent allowed by applicable Law, waives all rights and remedies now or hereafter accorded by applicable Law to guarantors
or sureties, including without limitation any defense, right of offset or other claim which such Guarantor may have against Borrowers
or which Borrowers may have against Administrative Agent and/or the Lenders;

 

(f)               
waives all notices whatsoever with respect to this Guaranty or with respect to the Obligations, including, but without limitation,
notice of (i) Administrative Agent’s and/or any other Secured Party’s acceptance hereof or its intention to act, or its action,
in reliance hereon; (ii) the present existence, future incurring, or any amendment of the provisions of any of the Obligations or any
terms or amounts thereof or any change therein in the rate of interest thereon; (iii) any default by Borrowers or any Surety; or (iv)
the obtaining, enforcing, or releasing of any guaranty or surety agreement (in addition hereto), pledge, assignment or other security
for any of the Obligations;

 

(g)              
waives notice of presentment for payment, notice of protest, protest, demand, notice of intent to accelerate, notice of acceleration
and notice of nonpayment, protest in relation to any instrument evidencing any of the Obligations, and any demands and notices required
by Law, except as such waiver may be expressly prohibited by Law, and diligence in bringing suits against any Surety; and

 

(h)              
waives each right to which it may be entitled by virtue of the Laws of the State of Texas governing or relating to suretyship and
guaranties, including, without limitation, any rights under Rule 31, Texas Rules of Civil Procedure, Chapter 51 of the Texas Property
Code, Section 17.001 of the Texas Civil Practice and Remedies Code, Section 3.605 of the Uniform Commercial Code, and Chapter 43 of the
Texas Civil Practice and Remedies Code, as any or all of the same may be amended or construed from time to time, or the common law of
the State of Texas at all relevant times.

 

Section 12.4     
Liability. The liability of each Guarantor under this Guaranty is irrevocable, absolute and unconditional, without
regard to the liability of any other Person, and shall not in any manner be affected by reason of any action taken or not taken by Administrative
Agent and/or any other Secured Party, which action or inaction is herein consented and agreed to, nor by the partial or complete unenforceability
or invalidity of any other guaranty or surety agreement, pledge, assignment or other security for any of the Obligations. No delay in
making demand on Sureties or any of them for satisfaction of the liability hereunder shall prejudice Administrative Agent’s right
to enforce such satisfaction. All of Administrative Agent’s rights and remedies shall be cumulative and any failure of Administrative
Agent to exercise any right hereunder shall not be construed as a waiver of the right to exercise the same or any other right at any
time, and from time to time, thereafter. This is a continuing guaranty of payment, not a guaranty of collection, and this Guaranty shall
be binding upon Guarantors regardless of how long before or after the date hereof any of the Obligations were or are incurred.

 

    CREDIT AGREEMENT – Page 156

     

    

 

Section 12.5     
Subordination. If a Borrower or any other Loan Party is now or hereafter becomes indebted to one or more Guarantors
(such indebtedness and all interest thereon is referred to as the “Affiliated Debt”), such Affiliated Debt
shall be subordinate in all respects to the full payment and performance of the Obligations, and no Guarantor shall be entitled to enforce
or receive payment with respect to any Affiliated Debt until the Release Date. Each Guarantor agrees that any Liens, mortgages, deeds
of trust, security interests, judgment liens, charges or other encumbrances upon any Loan Party’s assets securing the payment of
the Affiliated Debt shall be and remain subordinate and inferior to any Liens, mortgages, deeds of trust, security interests, judgment
liens, charges or other encumbrances upon any Loan Party’s assets securing the payment of the Obligations, and without the prior
written consent of Administrative Agent, no Guarantor shall exercise or enforce any creditor’s rights of any nature against any
Loan Party to collect the Affiliated Debt (other than demand payment therefor). In the event of the receivership, bankruptcy, reorganization,
arrangement, debtor’s relief or other insolvency proceedings involving any Borrower or any applicable Loan Party as a debtor, Administrative
Agent has the right and authority, either in its own name or as attorney-in-fact for any applicable Guarantor, to file such proof of
debt, claim, petition or other documents and to take such other steps as are necessary to prove its rights hereunder and receive directly
from the receiver, trustee or other court custodian, payments, distributions or other dividends which would otherwise be payable upon
the Affiliated Debt. Each Guarantor hereby assigns such payments, distributions and dividends to Administrative Agent, and irrevocably
appoints Administrative Agent as its true and lawful attorney-in-fact with authority to make and file in the name of such Guarantor any
proof of debt, amendment of proof of debt, claim, petition or other document in such proceedings and to receive payment of any sums becoming
distributable on account of the Affiliated Debt, and to execute such other documents and to give acquittances therefor and to do and
perform all such other acts and things for and on behalf of such Guarantor as may be necessary in the opinion of Administrative Agent
in order to have the Affiliated Debt allowed in any such proceeding and to receive payments, distributions or dividends of or on account
of the Affiliated Debt.

 

Section 12.6     
Subrogation. No Guarantor waives or releases any rights of subrogation, reimbursement or contribution which
such Guarantor may have, after full and final payment of the Obligations, against others liable on the Obligations. Each Guarantor’s
rights of subrogation and reimbursement are subordinate in all respects to the rights and claims of Administrative Agent and the other
Secured Parties, and no Guarantor may exercise any rights it may acquire by way of subrogation under this Guaranty, by payment made hereunder
or otherwise, until the Release Date. If any amount is paid to any Guarantor on account of such subrogation rights prior to the Release
Date, such amount shall be held in trust for the benefit of Administrative Agent and/or the other Secured Parties to be credited and
applied on the Obligations, whether matured or unmatured.

 

Section 12.7     
Other Indebtedness or Obligations of Guarantors. If any Guarantor is or becomes liable for any indebtedness
owed by any Loan Party to the Lenders by endorsement or otherwise than under this Guaranty, such liability shall not be affected by this
Guaranty, and the rights of Administrative Agent and the Lenders hereunder shall be cumulative of all other rights that Administrative
Agent and the Lenders may have against such Guarantor. The exercise by Administrative Agent of any right or remedy hereunder or under
any other instrument or at law or in equity shall not preclude the concurrent or subsequent exercise of any other instrument or remedy
at law or in equity and shall not preclude the concurrent or subsequent exercise of any other right or remedy. Further, without limiting
the generality of the foregoing, this Guaranty is given by Guarantors as an additional guaranty to all guaranties heretofore or hereafter
executed and delivered to Administrative Agent and/or the Lenders by Guarantors in favor of Administrative Agent and/or the Lenders relating
to the indebtedness of the Loan Parties to the Secured Parties, and nothing herein shall be deemed to replace or be in lieu of any other
of such previous or subsequent guarantees.

 

    CREDIT AGREEMENT – Page 157

     

    

 

Section 12.8     
Costs and Expenses. Guarantors jointly and severally agree to pay to Administrative Agent and the Lenders, upon
demand, all losses and costs and expenses, including attorneys’ fees, that may be incurred by Administrative Agent and the Lenders
in attempting to cause the Obligations to be satisfied or in attempting to cause satisfaction of Guarantors’ liability under this
Guaranty.

 

Section 12.9     
Exercising Rights, Etc. No notice to or demand upon any Guarantor in any case shall, of itself, entitle such
Guarantor or any other Guarantor to any other or further notice or demand in similar or other circumstances. No delay or omission by
Administrative Agent in exercising any power or right hereunder shall impair such right or power or be construed as a waiver thereof
or any acquiescence therein, nor shall any single or partial exercise of any such power preclude other or further exercise thereof, or
the exercise of any other right or power hereunder.

 

Section 12.10   
Benefit; Binding Effect. This Guaranty shall inure to the benefit of Administrative Agent and each other Secured
Party and their respective successors and assigns, and to any interest in any of the Obligations. All of the obligations of Guarantors
arising hereunder shall be jointly and severally binding on each of the Persons signing this Guaranty, and their respective successors
and assigns (provided, however, that no Guarantor may, without the prior written consent of Administrative Agent in each instance,
assign or delegate any of its rights, powers, duties or obligations hereunder, and any attempted assignment or delegation made without
Administrative Agent’s prior written consent shall be void ab initio and of no force or effect).

 

Section 12.11   
Multiple Guarantors. It is specifically agreed that Administrative Agent may enforce the provisions hereof with
respect to one or more Guarantors without seeking to enforce the same as to all or any Guarantors. If one or more additional guaranty
agreements (“Other Guaranties”) are executed by one or more additional guarantors (“Other Guarantors”),
which guarantee, in whole or in part, any of the Obligations, it is specifically agreed that Administrative Agent may enforce the provisions
of this Guaranty or of Other Guaranties with respect to one or more of Guarantors or any one or more of Other Guarantors under Other
Guaranties without seeking to enforce the provisions of this Guaranty or Other Guaranties as to all or any of Guarantors or Other Guarantors.
Each Guarantor hereby waives any requirement of joinder of all or any other Guarantor or all or any of Other Guarantors in any suit or
proceeding to enforce the provisions of this Guaranty or of Other Guaranties. The liability hereunder of all Guarantors hereunder shall
be joint and several.

 

    CREDIT AGREEMENT – Page 158

     

    

 

Section
12.12    Additional
Guarantors. From time to time subsequent to the date hereof, additional Persons may become
parties hereto as additional Guarantors (each, an “Additional Guarantor”),
by executing a Joinder Agreement. Upon delivery of any such Joinder Agreement to Administrative Agent, notice of which is hereby waived
by Guarantors, each Additional Guarantor shall be a Guarantor and shall be as fully a party hereto as if Additional Guarantor were an
original signatory hereto. Each Guarantor expressly agrees that its obligations arising hereunder shall not be affected or diminished
by the addition or release of any other Guarantor hereunder, nor by any election of Administrative Agent not to cause any Subsidiary
or Affiliate of Company to become an Additional Guarantor hereunder. This Guaranty shall be fully effective as to any Guarantor that
is or becomes a party hereto regardless of whether any other Person becomes or fails to become or ceases to be a Guarantor hereunder.

 

Section 12.13   
Reinstatement. Notwithstanding anything contained in this Agreement or the other Loan Documents, the obligations
of each Guarantor under this Article 12 shall be automatically reinstated if and to the extent that for any reason any
payment by or on behalf of any Person in respect of the Obligations is rescinded or must be otherwise restored by any holder of any of
the Obligations, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, and each Guarantor agrees that
it will indemnify each Secured Party on demand for all reasonable costs and expenses (including, without limitation, reasonable fees
of counsel) incurred by such Person in connection with such rescission or restoration, including any such costs and expenses incurred
in defending against any claim alleging that such payment constituted a preference, fraudulent transfer or similar payment under any
Debtor Relief Law.

 

Section 12.14   
Maximum Liability. Anything in this Guaranty to the contrary notwithstanding, the obligations of each Guarantor
hereunder shall be limited to a maximum aggregate amount equal to the largest amount that would not render its obligations hereunder
subject to avoidance as a fraudulent transfer or conveyance under Section 548 of Title 11 of the United States Code or any applicable
provisions of comparable Law (collectively, the “Fraudulent Transfer Laws”), in each case after giving effect
to all other liabilities of such Guarantor, contingent or otherwise, that are relevant under the Fraudulent Transfer Laws (specifically
excluding, however, any liabilities of such Guarantor in respect of intercompany indebtedness to other Loan Parties or Affiliates of
other Loan Parties to the extent that such indebtedness would be discharged in an amount equal to the amount paid or Property conveyed
by such Guarantor under the Loan Documents) and after giving effect as assets, subject to Section 12.6, to the value (as
determined under the applicable provisions of the Fraudulent Transfer Laws) of any rights to subrogation or contribution of such Guarantor
pursuant to (a) applicable Law or (b) any agreement providing for an equitable allocation among such Guarantor and other Loan Parties
of obligations arising under the Loan Documents and Bank Product Agreements.

 

[Remainder of Page Intentionally Left Blank;
Signature Page Follows]

 

    CREDIT AGREEMENT – Page 159

     

    

 

ANNEX B

 

Conformed Credit Agreement
(Specified Contribution Effective Date)

 

[See Attached]

 

    ANNEX B

     

    

 

Annex B to Fifth Amendment
to Credit Agreement

 

CREDIT AGREEMENT

 

among

 

FLEX LEASING POWER & SERVICE LLC

and

FLEX LEASING POWER AND SERVICE ULC,

as Borrowers,

and

THE OTHER LOAN PARTIES FROM TIME TO TIME PARTY HERETO,

THE LENDERS FROM TIME TO TIME PARTY HERETO

and

TEXAS CAPITAL BANK,

as Administrative Agent, Swing Line Lender and L/C Issuer

TEXAS CAPITAL BANK,

as Sole Lead Arranger and Sole Book Runner

DATED AS OF FEBRUARY 8, 2019

 

    

     

    

 

TABLE OF CONTENTS

 

Page

 

	Article 1. DEFINITIONS	1
	 	 	 
	Section 1.1	Definitions	1
	Section 1.2	Accounting Matters	45
	Section 1.3	ERISA Matters	46
	Section 1.4	Letter of Credit Amounts	46
	Section 1.5	Other Definitional Provisions	46
	Section 1.6	Interpretative Provision	47
	Section 1.7	Times of Day	47
	Section 1.8	Other Loan Documents	47
	Section 1.9	Divisions	47
	Section 1.10	Rates	48
	Section 1.11	Rounding	48
	 	 	 
	Article 2. THE COMMITMENTS AND CREDIT EXTENSIONS	49
	 	 	 
	Section 2.1	The Loans	49
	Section 2.2	Letters of Credit	51
	Section 2.3	Swing Line Loans	59
	Section 2.4	Fees	62
	Section 2.5	Payments Generally; Administrative Agent’s Clawback	63
	Section 2.6	Evidence of Debt	64
	Section 2.7	Cash Collateral	65
	Section 2.8	Interest; Payment Terms	66
	Section 2.9	Voluntary Termination or Reduction of Commitments; Prepayments	68
	Section 2.10	Uncommitted Increase in Commitments	70
	Section 2.11	Cash Collateral Blocked Accounts	72
	Section 2.12	Collection of Accounts	72
	Section 2.13	Appointment of Borrower Representative	72
	Section 2.14	Joint and Several Liability	74
	 	 	 
	Article 3. TAXES, YIELD PROTECTION AND INDEMNITY	74
	 	 	 
	Section 3.1	Increased Costs	74
	Section 3.2	Illegality	76
	Section 3.3	Alternate Rate of Interest	76
	Section 3.4	Taxes	79
	Section 3.5	Compensation for Losses	84
	Section 3.6	Mitigation of Obligations; Replacement of Lenders	84
	Section 3.7	Survival	85
	 	 	 
	Article 4. CONDITIONS PRECEDENT	86
	 	 	 
	Section 4.1	Initial Extension of Credit	86

 

    i

     

    

 

	Section 4.2	All Extensions of Credit	89
	 	 	 
	Article 5. REPRESENTATIONS AND WARRANTIES	90
	 	 	 
	Section 5.1	Entity Existence	90
	Section 5.2	Financial Statements; Etc.	90
	Section 5.3	Action; No Breach	91
	Section 5.4	Operation of Business	91
	Section 5.5	Litigation and Judgments	91
	Section 5.6	Rights in Properties; Liens	91
	Section 5.7	Enforceability	92
	Section 5.8	Approvals	92
	Section 5.9	Taxes	92
	Section 5.10	Use of Proceeds; Margin Securities	92
	Section 5.11	ERISA	93
	Section 5.12	Disclosure	93
	Section 5.13	Subsidiaries	94
	Section 5.14	Agreements	94
	Section 5.15	Compliance with Laws	94
	Section 5.16	Inventory	94
	Section 5.17	Regulated Entities	94
	Section 5.18	Environmental Matters	94
	Section 5.19	Intellectual Property	95
	Section 5.20	Anti-Corruption Laws; Sanctions; Etc.	95
	Section 5.21	Patriot Act	96
	Section 5.22	Insurance	96
	Section 5.23	Solvency	96
	Section 5.24	Security Documents	96
	Section 5.25	Labor Matters	96
	Section 5.26	Material Agreements	97
	Section 5.27	Additional Representations of Guarantors	97
	Section 5.28	Qualified ECP Guarantor. Each Borrower is a Qualified ECP Guarantor	97
	 	 	 
	Article 6. AFFIRMATIVE COVENANTS	97
	 	 	 
	Section 6.1	Reporting Requirements	97
	Section 6.2	Maintenance of Existence; Conduct of Business	102
	Section 6.3	Maintenance of Properties	102
	Section 6.4	Taxes and Claims	102
	Section 6.5	Insurance	102
	Section 6.6	Inspection Rights	102
	Section 6.7	Keeping Books and Records	103
	Section 6.8	Compliance with Laws	103
	Section 6.9	Compliance with Agreements	103
	Section 6.10	Further Assurances	103
	Section 6.11	ERISA	104

 

    ii

     

    

 

	Section 6.12	Depository Relationship; Control Agreements; Blocked Accounts	104
	Section 6.13	Additional Loan Parties	104
	Section 6.14	Inventory; Collateral Access Agreements	105
	Section 6.15	Certificates of Title	105
	Section 6.16	Sanctions; Anti-Corruption Laws	105
	Section 6.17	Post-Closing Obligations	106
	 	 	 
	Article 7. NEGATIVE COVENANTS	106
	 	 	 
	Section 7.1	Debt	106
	Section 7.2	Limitation on Liens	107
	Section 7.3	Mergers, Etc.	108
	Section 7.4	Restricted Payments	109
	Section 7.5	Loans and Investments	109
	Section 7.6	Limitation on Issuance of Equity	110
	Section 7.7	Transactions With Affiliates	110
	Section 7.8	Disposition of Assets	111
	Section 7.9	Sale and Leaseback	111
	Section 7.10	Prepayment of Debt	111
	Section 7.11	Nature of Business	111
	Section 7.12	Environmental Protection	112
	Section 7.13	Accounting	112
	Section 7.14	Burdensome Agreements	112
	Section 7.15	Subsidiaries	112
	Section 7.16	Amendments of Certain Documents	112
	Section 7.17	Hedge Agreements	113
	Section 7.18	Anti-Corruption Laws; Sanctions; Anti-Terrorism Law	113
	Section 7.19	Negative Pledge	113
	Section 7.20	Canadian Defined Benefit Plan	113
	 	 	 
	Article 8. FINANCIAL COVENANTS	113
	 	 	 
	Section 8.1	Leverage Ratio	113
	Section 8.2	Fixed Charge Coverage Ratio	113
	 	 	 
	Article 9. DEFAULT	114
	 	 	 
	Section 9.1	Events of Default	114
	Section 9.2	Remedies Upon Default	116
	Section 9.3	Right to Cure Financial Covenant Non-Compliance	116
	Section 9.4	Application of Funds	117
	Section 9.5	Performance by Administrative Agent	118
	 	 	 
	Article 10. AGENCY	119
	 	 	 
	Section 10.1	Appointment and Authority	119
	Section 10.2	Rights as a Lender	119
	Section 10.3	Exculpatory Provisions	120

 

    iii

     

    

 

	Section 10.4	Reliance by Administrative Agent	121
	Section 10.5	Delegation of Duties	121
	Section 10.6	Resignation or Removal of Administrative Agent	122
	Section 10.7	Non-Reliance on Administrative Agent and Other Lenders	123
	Section 10.8	Administrative Agent May File Proofs of Claim	124
	Section 10.9	Collateral and Guaranty Matters	124
	Section 10.10	Bank Product Agreements	125
	Section 10.11	Erroneous Payments	126
	 	 	 
	Article 11. MISCELLANEOUS	129
	 	 	 
	Section 11.1	Expenses	129
	Section 11.2	INDEMNIFICATION	130
	Section 11.3	Limitation of Liability	132
	Section 11.4	No Duty	132
	Section 11.5	Lenders Not Fiduciary	132
	Section 11.6	Equitable Relief	132
	Section 11.7	No Waiver; Cumulative Remedies	132
	Section 11.8	Successors and Assigns	133
	Section 11.9	Survival	137
	Section 11.10	Amendment	137
	Section 11.11	Notices	139
	Section 11.12	Governing Law; Venue; Service of Process	141
	Section 11.13	Counterparts	142
	Section 11.14	Severability	143
	Section 11.15	Headings	143
	Section 11.16	Construction	143
	Section 11.17	Independence of Covenants	143
	Section 11.18	WAIVER OF JURY TRIAL	143
	Section 11.19	Additional Interest Provision	144
	Section 11.20	Ceiling Election	145
	Section 11.21	USA Patriot Act	145
	Section 11.22	Defaulting Lenders	145
	Section 11.23	Sharing of Payments by Lenders	148
	Section 11.24	Payments Set Aside	148
	Section 11.25	Setoff	149
	Section 11.26	Confidentiality	150
	Section 11.27	Electronic Execution of Assignments and Certain Other Documents	151
	Section 11.28	Acknowledgement and Consent to Bail-In of Affected Financial Institutions	151
	Section 11.29	Keepwell	152
	Section 11.30	NOTICE OF FINAL AGREEMENT	152
	Section 11.31	Acknowledgement Regarding Any Supported QFCs	152
	 	 	 
	Article 12. GUARANTY	153
	 	 	 
	Section 12.1	Guaranty	153

 

    iv

     

    

 

	Section 12.2	Payment	153
	Section 12.3	Agreements and Waivers	153
	Section 12.4	Liability	155
	Section 12.5	Subordination	156
	Section 12.6	Subrogation	156
	Section 12.7	Other Indebtedness or Obligations of Guarantors	156
	Section 12.8	Costs and Expenses	156
	Section 12.9	Exercising Rights, Etc.	157
	Section 12.10	Benefit; Binding Effect	157
	Section 12.11	Multiple Guarantors	157
	Section 12.12	Additional Guarantors	157
	Section 12.13	Reinstatement	158
	Section 12.14	Maximum Liability	158

 

    v

     

    

 

	INDEX TO SCHEDULES
	 	 	 
	Schedule	Description of Schedule	Section
	 	 	 
	2.1	Commitments and Applicable Percentages	2.1
	2.11	Blocked Accounts	2.11
	5.5	Litigation and Judgments	5.5
	5.6(b)	Owned Real Property	5.6
	5.6(c)	Leased Real Property (Lessee)	5.6
	5.9	Taxes	5.9
	5.13	Parent; Subsidiaries	5.13
	5.26	Material Agreements	5.26
	7.1	Existing Debt	7.1
	7.2	Existing Liens	7.2
	7.5	Existing Investments	7.5
	11.11	Notices	11.11

 

	INDEX TO EXHIBITS
	 	 	 
	Exhibit	Description of Exhibit	Section
	 	 	 
	A	Assignment and Assumption	1.1
	B	Borrowing Base Report	1.1
	C	Compliance Certificate	1.1
	D	Borrowing Request	1.1
	E	Note	1.1
	F	Swing Line Loan Request	1.1
	G	Tax Forms	3.4(g)
	H	Joinder Agreement	1.1

 

    vi

     

    

 

CREDIT AGREEMENT

 

This CREDIT AGREEMENT
dated as of February 8, 2019 (as the same may be amended, restated, supplemented or otherwise modified from time to time, this “Agreement”),
is among FLEX LEASING POWER & SERVICE LLC, a Delaware limited liability company (“Company”), FLEX
LEASING POWER AND SERVICE ULC, an Alberta unlimited liability corporation (“Canadian Borrower”; and together
with Company and any Subsidiary of Company that becomes party hereto as a “Borrower” pursuant to Section 6.13(a),
including their respective successors and assigns to the extent permitted by Section 11.8, individually, a “Borrower”,
and collectively, “Borrowers”), each of the other Loan Parties from time to time party hereto, the Lenders from
time to time party hereto, and TEXAS CAPITAL BANK, a national banking association, as Administrative Agent, Swing Line Lender and
L/C Issuer.

 

RECITALS

 

The Borrowers have requested
that Lenders extend credit to Borrowers as described in this Agreement. Lenders are willing to make such credit available to Borrowers
upon and subject to the provisions, terms and conditions hereinafter set forth.

 

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

 

Article 1.

DEFINITIONS

 

Section 1.1           
Definitions. As used in this Agreement, all exhibits, appendices and schedules hereto and in any note, certificate,
report or other Loan Document made or delivered pursuant to this Agreement, the following terms will have the meanings given such terms
in this Article 1 or in the provision, section or recital referred to below:

 

“Account”
means an account, as defined in the UCC or the PPSA, as applicable.

 

“Account Agings”
has the meaning set forth in Section 6.1(l).

 

“Additional Guarantor”
has the meaning set forth in Section 12.12.

 

“Adjusted Eurodollar
Rate” means, with respect to any Loan for any Interest Period or day, as applicable, an interest rate per annum equal to
the Eurodollar Rate for such Interest Period or day multiplied by the Statutory Reserve Rate; provided, however, if the Eurodollar
Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement.

 

“Administrative
Agent” means Texas Capital Bank, in its capacity as administrative agent under any of the Loan Documents, until the appointment
of a successor administrative agent pursuant to the terms of this Agreement and, thereafter, shall mean such successor administrative
agent.

 

    CREDIT AGREEMENT – Page 1

     

    

 

“Administrative
Questionnaire” means an Administrative Questionnaire in a form supplied by or reasonably acceptable to Administrative Agent.

 

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

 

“Affiliate”
means, as to any Person, any other Person that directly or indirectly, through one or more intermediaries, Controls or is Controlled
by, or is under common Control with, such Person; provided, however, in no event shall any Lender be deemed an Affiliate
of Parent, any Borrower or any of their respective Subsidiaries or Affiliates. Notwithstanding the foregoing, for purposes of clause
(e), clause (n), and clause (r) of the definition of “Eligible Accounts”, the term “Affiliate”
solely with respect to any Loan Party shall exclude any portfolio company (other than Parent, any Loan Party or any of their respective
Subsidiaries) of the Permitted Holders and their Affiliates engaged in the business of producing goods or providing services that, but
for this sentence, would otherwise be an Affiliate of any Permitted Holder or of Parent, any Loan Party or any of their respective Subsidiaries.

 

“Affiliated Debt”
has the meaning set forth in Section 12.5.

 

“Agent Parties”
means, collectively, Administrative Agent or any of its Related Parties.

 

“Agreement”
has the meaning set forth in the introductory paragraph hereto, and includes all schedules, exhibits and appendices attached or otherwise
identified therewith.

 

“Annualized Debt
Service” means, for any date of determination, the sum of all regularly scheduled principal payments and all Cash Interest
Expense that are paid or payable in respect of all Debt of Company and its Subsidiaries on a consolidated basis in accordance with GAAP
(other than scheduled payments of principal on Debt which pay such Debt in full, but only to the extent such final payment is greater
than the scheduled principal payment immediately preceding such final payment) for the trailing three month period then ending on such
date multiplied by four (4).

 

“Annualized EBITDA”
means, for any date of determination, the sum of (a)(i) EBITDA of Company and its Subsidiaries on a consolidated basis in accordance with
GAAP for the trailing three month period then ending on such date (without giving effect to the amount of any Specified EBITDA Equity
Contribution that is deemed to be EBITDA for any fiscal quarter included in the trailing four fiscal quarter period pursuant to Section
9.3) multiplied by (ii) four (4), plus (b) the amount of any Specified EBITDA Equity Contribution that is
deemed to be EBITDA for any fiscal quarter included in the trailing four fiscal quarter period pursuant to Section 9.3.

 

“Anti-Corruption
Laws” means all state, provincial, territorial or federal Laws, rules, and regulations applicable to the Loan Parties or
any of their Affiliates from time to time concerning or relating to bribery or corruption, including the FCPA, the Bank Secrecy Act, the
Corruption of Foreign Public Officials Act (Canada), and other similar anti-corruption legislation in other jurisdictions.

 

“Anti-Terrorism
Laws” has the meaning set forth in Section 5.21.

 

    CREDIT AGREEMENT – Page 2

     

    

 

“Applicable Margin”
means the applicable percentages per annum set forth below, based upon the Leverage Ratio, as set forth in the most recent Compliance
Certificate received by Administrative Agent for each fiscal quarter or the last month of each fiscal quarter from time to time pursuant
to Section 6.1(d), as applicable:

 

	Pricing

Level	Leverage Ratio	Base Rate Loans	Eurodollar Rate Loans

and Letter

of Credit Fee
	1	≤ 2.00:1.00	1.50%	2.50%
	2	>2.00:1.00 but ≤ 2.50:1.00	1.75%	2.75%
	3	>2.50:1.00	2.00%	3.00%

 

Any increase or decrease in
the Applicable Margin resulting from a change in the Leverage Ratio shall become effective as of the first day immediately following the
date a Compliance Certificate is delivered for each fiscal quarter or the last month of each fiscal quarter from time to time pursuant
to Section 6.1(d), as applicable; provided that if such Compliance Certificate is not delivered when due in
accordance with such Section, then upon the request of the Required Lenders, Pricing Level 3 shall apply as of the first day after
the date on which such Compliance Certificate was required to have been delivered and shall remain in effect until the date on which such
Compliance Certificate is delivered. The Applicable Margin from the Closing Date through the date such Compliance Certificate is delivered
pursuant to Section 6.1(d) in respect of the last month of the second fiscal quarter of Company ending after the Closing
Date shall be determined based upon Pricing Level 2.

 

If, as a result of any restatement
of or other adjustment to the financial statements of Company or for any other reason, the Borrower Representative or the Required Lenders
determine that (i) the Leverage Ratio as calculated by Company as of any applicable date was inaccurate and (ii) a proper calculation
of the Leverage Ratio would have resulted in higher pricing for such period, Borrowers shall immediately and retroactively be obligated
to pay to Administrative Agent for the account of the applicable Lenders, L/C Issuer or Swing Line Lender, as the case may be, promptly
on demand by Administrative Agent (or, after the occurrence of an actual or deemed entry of an order for relief with respect to any Loan
Party under the Bankruptcy Code of the United States, automatically and without further action by Administrative Agent, any Lender, L/C
Issuer or Swing Line Lender), an amount equal to the excess of the amount of interest and fees that should have been paid for such period
over the amount of interest and fees actually paid for such period. This paragraph shall not limit the rights of Administrative Agent,
any Lender, L/C Issuer or Swing Line Lender, as the case may be, including the rights available under Article 2 or under
Article 9. Each Borrower’s obligations under this paragraph shall survive the termination of the Commitments
and the repayment of all other Obligations hereunder.

 

“Applicable
Percentage” means, with respect to any Lender at any time, the percentage (carried out to the ninth decimal place) of
such Lender’s Commitment at such time divided by the aggregate Commitments of all Lenders; provided that if the
Commitments have been terminated pursuant to the terms hereof, then the Applicable Percentage of each Lender shall be determined
based upon the Applicable Percentage of such Lender immediately prior to such termination and after giving effect to any subsequent
assignments made pursuant to the terms hereof.

 

    CREDIT AGREEMENT – Page 3

     

    

 

“Applicable Rate”
means (a) in the case of a Base Rate Loan, the Base Rate plus the Applicable Margin; and (b) in the case of a Eurodollar
Rate Loan, the Adjusted Eurodollar Rate plus the Applicable Margin.

 

“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.

 

“Arranger”
means Texas Capital Bank in its capacity as sole lead arranger and sole book runner.

 

“Assignment and
Assumption” means an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent of any
party whose consent is required by Section 11.8), and accepted by Administrative Agent, in substantially the form of
Exhibit A or any other form approved by Administrative Agent.

 

“Authorized Party”
has the meaning set forth in Section 11.11(d)(iii).

 

“Availability”
means, as of any date, the difference between (a) an amount equal to the lesser of (i) the Borrowing Base in effect on such
date and (ii) the aggregate amount of the Commitments of the Lenders on such date less (b) the total Revolving Credit
Exposure of the Lenders on such date.

 

“Availability
Reserves” shall mean, as of any date of determination, such amounts as Administrative Agent may from time to time
establish and revise in its Permitted Discretion: (a) to reflect events, conditions, contingencies or risks which, as
determined by Administrative Agent, do or may affect either (i) the Collateral or any other Property which is security for the
Obligations, (ii) the assets, business or prospects of the Loan Parties, (iii) the security interests and other rights of
any Secured Party in the Collateral (including the enforceability, perfection and priority thereof), (b) to reflect
Administrative Agent’s belief that any collateral report or financial information furnished by or on behalf of the Loan
Parties to Administrative Agent is or may have been incomplete, inaccurate or misleading in any material respect, (c) in respect of
Rent Reserves, Bank Products and Hedge Agreements and (d) in respect of any state of facts which Administrative Agent
determines constitutes a Default or an Event of Default or may, with notice or passage of time or both, constitute a Default or an
Event of Default. Without limiting the foregoing, the Administrative Agent, in its Permitted Discretion, may establish and/or
increase Availability Reserves (but without duplication) in respect of: (A) any reserve established by the Administrative Agent on
account of statutory claims, deemed trusts, or inventory subject to rights of suppliers under Section 81.1 of the BIA or similar
rights of reclamation under Section 81.2 of the BIA, or under any other applicable Law, (B) employee or employee benefit related
liabilities and any other claims which may have priority over the claims of the Administrative Agent and the Lenders, including
Canadian Priority Payables, (C) liabilities arising under or in respect of any Canadian Pension Plan which, if not paid, could
result in a Lien on any of the assets of any Credit Party, which Lien could reasonably be expected to have priority over, or rank pari
passu with, the Liens of the Administrative Agent, (D) claims by Her Majesty the Queen in Right of Canada made pursuant to
Section 224(1.2) or 224(1.3) of the ITA, (E) claims pursuant to any provision of the Canada Pension Plan or the Employment Insurance
Act (Canada) that refers to subsection 224(1.2) of the ITA and provides for the collection of a contribution (as defined in the
Canada Pension Plan), or employee’s premium or employer’s premium (as defined in the Employment Insurance Act (Canada)),
or a premium under Part VII.1 of that Act, and of any related interest, penalties or other amounts, (F) claims pursuant to any
provision of provincial legislation that has a similar purpose to subsection 224(1.2) of the ITA, or that refers to that subsection,
to the extent that it provides for the collection of a sum, and of any related interest, penalties or other amounts, where the sum
has been withheld or deducted by a person from a payment to another person and is in respect of a tax similar in nature to the
income tax imposed on individuals under the ITA or is of the same nature as a contribution under the Canada Pension Plan if the
province is a “province providing a comprehensive pension plan” as defined in subsection 3(1) of the Canada Pension Plan
and the provincial legislation establishes a “provincial pension plan” as defined in that subsection, which claims could
reasonably be expected to have priority over, or rank pari passu with, the Liens of the Administrative Agent.

 

    CREDIT AGREEMENT – Page 4

     

    

 

“Available Tenor”
means, as of any date of determination and with respect to the then-current Benchmark, as applicable, any tenor for such Benchmark or
payment period for interest calculated with reference to such Benchmark, as applicable, that is or may be used for determining the length
of an Interest Period pursuant to this Agreement as of such date and not including, for the avoidance of doubt, any tenor for such Benchmark
that is then-removed from the definition of “Interest Period” pursuant to Section 3.3(e).

 

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

 

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

 

“Bank Product
Agreements” means those certain agreements entered into from time to time between any Loan Party and a Bank Product Provider
in connection with any of the Bank Products, including without limitation, Hedge Agreements.

 

“Bank
Product Obligations” means all obligations, liabilities, contingent reimbursement obligations, fees, and expenses
owing by any Loan Party or any of its Subsidiaries to any Bank Product Provider pursuant to or evidenced by the Bank Product
Agreements and irrespective of whether for the payment of money, whether direct or indirect, absolute or contingent, due or to
become due, now existing or hereafter arising, and including all such amounts that any Loan Party or such Subsidiary is obligated to
reimburse to any Bank Product Provider as a result of such Bank Product Provider purchasing participations or executing indemnities
or reimbursement obligations with respect to the Bank Products provided to any Loan Party or such Subsidiaries pursuant to the Bank
Product Agreements. For the avoidance of doubt, the Bank Product Obligations arising under any Hedge Agreement shall be determined
by the Hedge Termination Value thereof.

 

    CREDIT AGREEMENT – Page 5

     

    

 

“Bank Product
Provider” means any Lender or Affiliate of a Lender (or any Person that was a Lender or an Affiliate of a Lender at the
time the relevant Hedge Agreement was entered into) that provides Bank Products to the Loan Parties from time to time.

 

“Bank Products”
means any service provided to, facility extended to, or transaction entered into with, any Loan Party by any Bank Product Provider consisting
of (a) deposit accounts, (b) cash management services, including treasury, depository, return items, overdraft, controlled disbursement,
merchant store value cards, e-payables services, electronic funds transfer, interstate depository network, automatic clearing house transfer
(including the Automated Clearing House processing of electronic funds transfers through the direct Federal Reserve Fedline system) and
other cash management arrangements maintained with any Bank Product Provider, (c) debit cards, stored value cards, and credit cards
(including commercial credit cards (including so-called “procurement cards” or “P-cards”)) and debit card
and credit card processing services or (d) Hedge Agreements.

 

“Base Rate”
means, for any day, a rate of interest per annum equal to the highest of (a) the Prime Rate for such day; (b) the sum of the
Federal Funds Rate for such day plus one half of one percent (0.5%); and (c) the Adjusted Eurodollar Rate for such day plus
one percent (1.00%). Notwithstanding the foregoing, in no event shall the Base Rate be less than 1.00%.

 

“Base Rate Borrowing”
means, as to any Borrowing, the Base Rate Loans comprising such Borrowing.

 

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

 

“Benchmark”
means, initially, USD LIBOR; provided that if a Benchmark Transition Event or an Early
Opt-in Election, as applicable, and its related Benchmark Replacement Date have occurred with respect to USD LIBOR or the then-current
Benchmark, then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced
such prior benchmark rate pursuant to Section 3.3(b).

 

“Benchmark Replacement”
means, for any Available Tenor, the first alternative set forth in the order below that can be determined by Administrative Agent for
the applicable Benchmark Replacement Date:

 

(a)              
the BSBY Rate;

 

(b)              
the sum of: (i) Term SOFR and (ii) the related Benchmark Replacement Adjustment;

 

(c)              
the sum of: (i) Daily Simple SOFR and (ii) the related Benchmark Replacement Adjustment;

 

    CREDIT AGREEMENT – Page 6

     

    

 

(d)              
 the sum of: (i) the alternate benchmark rate that has been selected by the Administrative Agent and the Borrower Representative
as the replacement for the then-current Benchmark for the applicable Corresponding Tenor giving due consideration to (A) any selection
or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body or (B)
any evolving or then-prevailing market convention for determining a benchmark rate as a replacement for the then-current Benchmark for
U.S. dollar-denominated syndicated credit facilities at such time and (ii) the related Benchmark Replacement Adjustment;

 

provided that, (x) in the case of clause
(a), no BSBY Transition Event shall have occurred and the BSBY Rate is available and readily determinable as determined by the Administrative
Agent in its sole discretion and (y) in the case of clause (b), such Unadjusted Benchmark Replacement is displayed on a screen or other
information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion. If
the Benchmark Replacement as determined pursuant to clause (a), (b), (c) or (d) above would be less than the Floor, the Benchmark Replacement
will be deemed to be the Floor for the purposes of this Agreement and the other Loan Documents.

 

“Benchmark Replacement
Adjustment” means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement
for any applicable Interest Period and Available Tenor for any setting of such Unadjusted Benchmark Replacement:

 

(a)       for
purposes of clauses (a) and (b) of the definition of “Benchmark Replacement,” the first alternative
set forth in the order below that can be determined by the Administrative Agent:

 

(i)       the
spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero)
as of the Reference Time such Benchmark Replacement is first set for such Interest Period that has been selected or recommended by the
Relevant Governmental Body for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for the applicable
Corresponding Tenor;

 

(ii)       the
spread adjustment (which may be a positive or negative value or zero) as of the Reference Time such Benchmark Replacement is first set
for such Interest Period that would apply to the fallback rate for a derivative transaction referencing the ISDA Definitions to be effective
upon an index cessation event with respect to such Benchmark for the applicable Corresponding Tenor; and

 

(b)       for
purposes of clause (c) of the definition of “Benchmark Replacement,” the spread adjustment, or method for
calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the
Administrative Agent and the Borrower Representative for the applicable Corresponding Tenor giving due consideration to (i) any
selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the
replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body on the
applicable Benchmark Replacement Date or (ii) any evolving or then-prevailing market convention for determining a spread adjustment,
or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable
Unadjusted Benchmark Replacement for U.S. dollar-denominated syndicated credit facilities;

 

    CREDIT AGREEMENT – Page 7

     

    

 

provided that, in
the case of clause (a) above, such adjustment is displayed on a screen or other information service that publishes such
Benchmark Replacement Adjustment from time to time as selected by the Administrative Agent in its reasonable discretion.

 

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

 

“Benchmark Replacement
Date” means the earliest to occur of the following events with respect to the then-current Benchmark:

 

(a)       in
the case of clauses (a) or (b) of the definition of “Benchmark Transition Event”, the later of (i) the date of the public
statement or publication of information referenced therein and (ii) the date on which the administrator of such Benchmark (or the published
component used in the calculation thereof) permanently or indefinitely ceases to provide all Available Tenors of such Benchmark (or such
component thereof);

 

(b)       in
the case of clause (c) of the definition of “Benchmark Transition Event,” the date of the public statement or publication
of information referenced therein; or

 

(c)       in
the case of an Early Opt-in Election, the sixth (6th) Business Day after the date notice of such Early Opt-in Election is provided to
the Lenders, so long as the Administrative Agent has not received, by 5:00 p.m. on the fifth (5th) Business Day after the date notice
of such Early Opt-in Election is provided to the Lenders, written notice of objection to such Early Opt-in Election from Lenders comprising
the Required Lenders;

 

provided that if the then-current Benchmark
is BSBY, “Benchmark Replacement Date” shall mean the BSBY Replacement Date.

 

For the avoidance of doubt,
(i) if the event giving rise to the Benchmark Replacement Date occurs on the same day as, but earlier than, the Reference Time in respect
of any determination, the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such determination
and (ii) the “Benchmark Replacement Date” will be deemed to have occurred in the case of clauses (a) or (b) with respect to
any Benchmark upon the occurrence of the applicable event or events set forth therein with respect to all then-current Available Tenors
of such Benchmark (or the published component used in the calculation thereof).

 

“Benchmark Transition
Event” means the occurrence of one or more of the following events with respect to the then-current Benchmark:

 

(a)               a
public statement or publication of information by or on behalf of the administrator of such Benchmark (or the published component
used in the calculation thereof) announcing that such administrator has ceased or will cease to provide all Available Tenors of such
Benchmark (or such component thereof), permanently or indefinitely, provided that, at the time of such statement or
publication, there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such
component thereof);

 

    CREDIT AGREEMENT – Page 8

     

    

 

(b)              
a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published
component used in the calculation thereof), the Board of Governors, the Federal Reserve Bank of New York, an insolvency official with
jurisdiction over the administrator for such Benchmark (or such component), a resolution authority with jurisdiction over the administrator
for such Benchmark (or such component) or a court or an entity with similar insolvency or resolution authority over the administrator
for such Benchmark (or such component), which states that the administrator of such Benchmark (or such component) has ceased or will cease
to provide all Available Tenors of such Benchmark (or such component thereof) permanently or indefinitely, provided that, at the
time of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of such Benchmark
(or such component thereof);

 

(c)              
a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published
component used in the calculation thereof) announcing that all Available Tenors of such Benchmark (or such component thereof) are no longer
representative; or

 

(d)              
if the then current Benchmark is BSBY, the occurrence of a BSBY Transition Event.

 

For the avoidance of doubt, a “Benchmark
Transition Event” will be deemed to have occurred with respect to any Benchmark if a public statement or publication of information
set forth above has occurred with respect to each then-current Available Tenor of such Benchmark (or the published component used in the
calculation thereof).

 

“Benchmark Unavailability
Period” means the period (if any) (a) beginning at the time that a Benchmark Replacement Date pursuant to clauses
(a) or (b) of the definition thereof has occurred if, at such time, no Benchmark Replacement has replaced the then-current
Benchmark for all purposes hereunder and under any Loan Document in accordance with Section 3.3 and (b) ending at the time
that a Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance
with Section 3.3.

 

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

 

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

 

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

 

    CREDIT AGREEMENT – Page 9

     

    

 

“BIA”
means the Bankruptcy and Insolvency Act (Canada), as amended from time to time, and any successor statute, together with the regulations
promulgated thereunder.

 

“Blocked Accounts”
has the meaning set forth in Section 2.11.

 

“Board of Governors”
means the Board of Governors of the Federal Reserve System of the U.S.

 

“Borrower”
or “Borrowers” has the meaning set forth in the introductory paragraph hereto.

 

“Borrower Materials”
has the meaning set forth in Section 11.11(e).

 

“Borrower Representative”
has the meaning set forth in Section 2.13(a).

 

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

 

“Borrowing Base”
means, as of any date, an amount equal to the sum of, without duplication:

 

(a)       eighty-five
percent (85%) of the Borrowers’ Eligible Accounts, plus 

 

(b)       fifty
percent (50%) of the Borrowers’ Eligible Inventory, valued at the lower of cost or market value, determined on a weighted average
cost basis; provided, that the maximum amount of Eligible Inventory of the Borrowers that may be included in the Borrowing Base pursuant
to this clause (b) after giving effect to the advance rate set forth herein shall not exceed $3,000,000, plus

 

(c)       the
lesser of (i) the product of eighty percent (80%) of the Net Orderly Liquidation Value of the Borrowers’ Eligible Generator Units
as determined pursuant to the most recent generator appraisal ordered, received and relied upon by Administrative Agent pursuant to Section
6.6(c) and (ii) ninety-five percent (95%) of the net book value of the Borrowers’ Eligible Generator Units; provided that (A)
the value of Eligible Generator Units included in the Borrowing Base pursuant to clause (c)(i) after giving effect to the advance rate
set forth herein shall be reduced, on the first day of each calendar month following the Closing Date, based on a 7-year straight line
amortization schedule until Administrative Agent receives a new appraisal at which time the Net Orderly Liquidation Value will reset,
and (B) the value of Eligible Generator Units included in the Borrowing Base pursuant to this clause (c) after giving effect to the advance
rate set forth herein shall be reduced, on the date any item of Eligible Generator Units ceases to be Eligible Generator Units for any
reason (including as a result of any sale, transfer or other disposition thereof or any casualty or condemnation event with respect thereto),
by the amount then included in the Borrowing Base with respect to such item of Eligible Generator Units, plus

 

    CREDIT AGREEMENT – Page 10

     

    

 

(d)       the
lesser of (i) the product of eighty percent (80%) of the Net Orderly Liquidation Value of the Borrowers’ Eligible Field Units
as determined pursuant to the most recent field unit appraisal ordered, received and relied upon by Administrative Agent pursuant to Section
6.6(c) and (ii) ninety-five percent (95%) of the net book value of the Borrowers’ Eligible Field Units; provided that (A)
the value of Eligible Field Units included in the Borrowing Base pursuant to clause (d)(i) after giving effect to the advance rate
set forth herein shall be reduced, on the first day of each calendar month following the First Amendment Effective Date, based on a
5-year straight line amortization schedule until Administrative Agent receives a new appraisal at which time the Net Orderly
Liquidation Value will reset, and (B) the value of Eligible Field Units included in the Borrowing Base pursuant to this clause (d)
after giving effect to the advance rate set forth herein shall be reduced, on the date any item of Eligible Field Units ceases to be
Eligible Field Units for any reason (including as a result of any sale, transfer or other disposition thereof or any casualty or
condemnation event with respect thereto), by the amount then included in the Borrowing Base with respect to such item of Eligible
Field Units, plus

 

(e)       eighty
percent (80%) of the Net Invoice Cost of the Borrowers’ Eligible New Generator Units, minus

 

(f)       an
amount equal to all Canadian Priority Payables, minus

 

(g)       without
duplication of any amounts deducted pursuant to clause (f) above, any Availability Reserves established by Administrative Agent in its
Permitted Discretion.

 

“Borrowing Base
Report” means, as of any date of preparation, a certificate substantially the form of Exhibit B (including,
without limitation, a Canadian Priority Payables report in substantially the form attached thereto), or in any other form agreed to in
writing by Borrowers and Administrative Agent, prepared by and certified by a Responsible Officer of the Borrower Representative.

 

“Borrowing Request”
means a writing, substantially in the form of Exhibit D, properly completed and signed by the Borrower Representative, requesting
a Revolving Credit Borrowing.

 

“BSBY”
means the Bloomberg Short-Term Bank Yield Index rate.

 

“BSBY Rate”
means:

 

(a)              
 for any Interest Period with respect to a BSBY Rate Loan, the rate per annum equal to the BSBY Screen Rate two Business Days prior
to the commencement of such Interest Period with a term equivalent to such Interest Period; provided that if the rate is not published
on such determination date then BSBY Rate means the BSBY Screen Rate on the first Business Day immediately prior thereto; and

 

(b)              
for any interest calculation with respect to a Base Rate Loan on any date, the rate per annum equal to the BSBY Screen Rate with
a term of one month commencing that day;

 

provided that if the BSBY Rate determined
in accordance with the foregoing provisions of this definition would otherwise be less than 0%, the BSBY Rate shall be deemed to be 0%
for purposes of this Agreement.

 

“BSBY Replacement
Date” has the meaning set forth in Section 3.3(b)(vii).

 

    CREDIT AGREEMENT – Page 11

     

    

 

“BSBY Screen Rate”
means the Bloomberg Short-Term Bank Yield Index rate administered by Bloomberg and published on the applicable Reuters screen page (or
such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time).

 

“BSBY Transition
Event” means the occurrence of any of the events described in Section 3.3(b)(vii)(A) or (B).

 

“Business Day”
means (a) for all purposes, a weekday, Monday through Friday, except a legal holiday or a day on which banking institutions in Dallas,
Texas are authorized or required by Law to be closed, and (b) for purposes of the calculation of the Eurodollar Rate, a day that
satisfies the requirements of clause (a) and that is a day on which commercial banks in the City of London, England
are open for business and dealing in offshore Dollars. Unless otherwise provided, the term “days” when used herein means calendar
days.

 

“Canada” means,
collectively, Canada and each province and territory thereof.

 

“Canadian AML
Legislation” means the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada) and other applicable anti-money
laundering, anti-terrorist financing, government sanction and “know your client” laws within Canada (including any guidelines
or orders thereunder).

 

“Canadian Borrower”
has the meaning set forth in the introductory paragraph hereto.

 

“Canadian Defined
Benefit Plan” means a “registered pension plan”, as that term is defined in subsection 248(1) of the ITA, which
is or was sponsored, administered or contributed to, or required to be contributed to by, any Loan Party or under which any Loan Party
has any actual or potential liability, and which contains a “defined benefit provision”, as defined in subsection 147.1(1)
of the ITA.

 

“Canadian Pension
Plan” means any pension plan to which a Loan Party contributes (or to which there is or may be an obligation to contribute
by a Loan Party) or has made contributions on behalf of its employees and which is required to be registered under Canadian provincial
or federal pension benefits standards legislation.

 

“Canadian Priority
Payables” means, with respect to Canadian Borrower, any amount payable by Canadian Borrower which is secured by a Lien which
ranks, or is capable of ranking, prior to or pari passu with the Liens created by the Security Documents in respect of any Eligible
Accounts or Eligible Inventory, including amounts owing for wages, vacation pay, severance pay (to the extent capable of ranking prior
to the Liens under the Security Documents under applicable Law), employee deductions, sales tax, excise tax, Tax payable pursuant to the
ETA (net of GST input credits), income tax, workers compensation, government royalties, pension fund obligations, Canadian Pension Plan
obligations (including in respect of unpaid or unremitted Canadian Pension Plan contributions, amounts representing any unfunded liability,
solvency deficiency or wind-up deficiency whether or not due with respect to a Canadian Pension Plan (including “normal cost”,
 “special payments” and any other payments in respect of any funding deficiency or shortfall)), real property tax and other
statutory or other claims that have or may have priority over, or rank pari passu with, such Liens created by the Security Documents.

 

    CREDIT AGREEMENT – Page 12

     

    

 

“Canadian Security
Agreement” means that certain Canadian Pledge and Security Agreement (including any and all supplements thereto), dated
as of the Third Amendment Effective Date, among Canadian Borrower and Administrative Agent, for the benefit of Administrative Agent and
the other Secured Parties, as the same may be amended, restated, supplemented or otherwise modified from time to time.

 

“Capital Expenditure”
means, with respect to any Person, any expenditure by such Person for (a) an asset which will be used in a year or years subsequent
to the year in which the expenditure is made and which asset is properly classified in relevant financial statements of such Person as
equipment, real Property, a fixed asset or a similar type of capitalized asset in accordance with GAAP or (b) an asset relating to
or acquired in connection with an acquired business, and any and all acquisition costs related to clause (a) or (b)
above.

 

“Capitalized Lease
Obligation” means, with respect to any Person, the amount of Debt under a lease of Property by such Person that would be
shown as a liability on a balance sheet of such Person prepared for financial reporting purposes in accordance with GAAP.

 

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

 

“Cash Interest
Expense” means, for any Person for any period, total interest expense in respect of all outstanding Debt actually paid or
that is payable by such Person during such period, including, without limitation, all commissions, discounts, and other fees and charges
with respect to letters of credit and all net costs under Hedge Agreements in respect of interest rates to the extent such costs are allocable
to such period, but excluding interest expense not payable in cash, all as determined in accordance with GAAP.

 

“CFC” means
a “controlled foreign corporation” as defined in Section 957 of the Code.

 

“Change in Law”
means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or taking effect of any Law, rule,
regulation or treaty, (b) any change in any Law, rule, regulation or treaty or in the administration, interpretation, implementation
or application thereof by any Governmental Authority or (c) the making or issuance of any request, rule, guideline or directive (whether
or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary, (i) the
Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection
therewith and (ii) 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 U.S., Canadian 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, implemented, adopted or issued.

 

    CREDIT AGREEMENT – Page 13

     

    

 

 

“Change of Control”
means an event or series of events by which:

 

(a)(i)      at any time prior
to the consummation of a Qualified IPO, the Permitted Holders shall cease for any reason (A) to have record and beneficial ownership (directly
or indirectly) of more than 50% of the outstanding voting Equity Interests of Parent on a fully diluted basis, (B) to Control Parent;
or (C) to have the ability to elect (either through share ownership or contractual voting rights) a majority of the board of directors
or equivalent governing body of Parent; and (ii) at any time on or after the consummation of a Qualified IPO, (A) any “person”
or “group” (as such terms are used in Sections 13(d)(3) and 14(d)(2) of the Exchange Act, or any successor provision), including
any group acting for the purpose of acquiring, holding or disposing of securities (within the meaning of Rule 13d-5(b)(1) under the Exchange
Act), other than the Permitted Holders, is or becomes the beneficial owner (as defined in Rules 13d-3 and 13d-5 under the Exchange Act),
in a single transaction or series of related transactions, directly or indirectly, of more than 50.0% of the issued and outstanding Voting
Shares of the Parent on a fully diluted basis or (B) at the end of any period of 12 consecutive calendar months, the occupation of a majority
of the seats on the board of directors of the Parent by Persons who were not members of the board of directors of the Parent on the first
day of such period (other than any new directors whose election or appointment by such board of directors or whose nomination for election
by the stockholders of the Parent was approved by (x) a vote of not less than three-fourths of the directors then still in office who
were either directors at the beginning of such period or whose election or nomination for election was previously so approved or (y) the
Ultimate Parent so long as the Ultimate Parent then holds stock representing at least 50% of the voting power of all of the then outstanding
shares of capital stock of the Parent entitled to vote generally in the election of directors of the Parent);

 

(b)       Parent
shall cease to own, free and clear of all Liens or other encumbrances (other than Permitted Liens), directly or indirectly, at least 100%
of the outstanding direct or indirect Equity Interests of Company on a fully diluted basis; or

 

(c)       Company
shall cease to own, free and clear of all Liens or other encumbrances (other than Permitted Liens), directly or indirectly, at least 100%
of the outstanding direct or indirect Equity Interests of any other Loan Party on a fully diluted basis.

 

“Closing Date”
means the first date all the conditions precedent in Section 4.1 are satisfied or waived in accordance with Section 11.10.

 

“Code”
means the Internal Revenue Code of 1986, as amended from time to time, and any successor statute, together with the regulations promulgated
thereunder.

 

“Collateral”
means substantially all of the Property of the Loan Parties and their Subsidiaries as described in the Security Documents, including 100%
of the Equity Interests in Company and any other Loan Party, together with any other Property and collateral described in the Security
Documents, including, among other things, any Property which may now or hereafter secure the Obligations or any part thereof (but which
in no event will include any Excluded Asset).

 

“Collateral
Access Agreement” means a landlord waiver, mortgagee waiver, bailee letter or similar acknowledgment of any lessor,
warehouseman, processor or other Person in possession of any Collateral or on whose Property any Collateral is located, in form and
substance reasonably satisfactory to Administrative Agent.

 

    CREDIT AGREEMENT – Page 14

     

    

 

“Commitment”
means, as to each Lender, its obligation to (a) make Revolving Credit Loans to Borrowers pursuant to Section 2.1(a), (b)
purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any
one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.1 under the caption
 “Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto,
as applicable, as such amount may be (a) terminated or reduced from time to time in accordance with Section 2.9(a), (b)
increased from time to time in accordance with Section 2.10 or (c) otherwise adjusted from time to time in accordance with
this Agreement.

 

“Commitment Fee
Rate” means, with respect to the commitment fees payable hereunder, the applicable percentages per annum set forth below
under the caption “Commitment Fee Rate” as determined based on the daily average unused amount of the Commitments during any
fiscal month in accordance with Section 2.4(c);

 

	Pricing Level	 	 	Daily Average Unused Amount	 	Commitment Fee Rate	 
	 	1	 	 	≤  50% of the Commitments	 	 	0.225	%
	 	2	 	 	> 50% of the Commitments	 	 	0.475	%

 

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

 

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

 

“Communications”
means, collectively, any notice, demand, communication, information, document or other material provided by or on behalf of the Loan Parties
pursuant to any Loan Document or the transactions contemplated therein which is distributed to Administrative Agent, any Lender, L/C Issuer
or Swing Line Lender by means of electronic communications pursuant to Section 11.11(d), including through the
Platform.

 

“Company”
has the meaning set forth in the introductory paragraph hereto.

 

“Compliance Certificate”
means a certificate, substantially in the form of Exhibit C, or in any other form agreed to by Company and Administrative
Agent, prepared by and certified by a Responsible Officer of Company.

 

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

 

“Constituent Documents”
means (a) in the case of a corporation, its articles or certificate of incorporation and bylaws; (b) in the case of a general
partnership, its partnership agreement; (c) in the case of a limited partnership, its certificate of limited partnership or certificate
of formation, as applicable, and partnership agreement; (d) in the case of a trust, its trust agreement; (e) in the case of
a joint venture, its joint venture agreement; (f) in the case of a limited liability company, its articles of organization, operating
agreement, regulations and/or other organizational and governance documents and agreements; and (g) in the case of any other entity,
its organizational and governance documents and agreements.

 

“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 correlative meanings thereto.

 

    CREDIT AGREEMENT – Page 15

     

    

 

“Control Agreements”
means, collectively, the Commodity Account Control Agreements, the Deposit Account Control Agreements and the Securities Account Control
Agreements, in each case, as the same may be amended, restated, supplemented or otherwise modified from time to time.

 

“Corresponding
Tenor” means, with respect to any Available Tenor, as applicable, either a tenor (including overnight) or an interest payment
period having approximately the same length (disregarding business day adjustment) as such Available Tenor.

 

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

 

“Covered Party”
has the meaning set forth in Section 11.31.

 

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

 

“Cure Amount”
has the meaning set forth in Section 9.3.

 

“Cure Right”
has the meaning set forth in Section 9.3.

 

“Currency Date”
has the meaning set forth in Section 11.2(b).

 

“Daily Simple
SOFR” means, for any day, SOFR, with the conventions for this rate (which will include a lookback) being established by
the Administrative Agent in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body for
determining “Daily Simple SOFR” for syndicated business loans; provided, that if the Administrative Agent decides that any
such convention is not administratively feasible for the Administrative Agent, then the Administrative Agent may establish another convention
in its reasonable discretion.

 

“Debt”
means, of any Person as of any date of determination (without duplication): (a) all obligations of such Person for borrowed
money; (b) all obligations of such Person evidenced by bonds, notes, debentures, or other similar instruments; (c) all
obligations of such Person to pay the deferred purchase price of Property or services, except trade accounts payable of such Person
arising in the ordinary course of business that are not past due by more than ninety (90) days; (d) all Capitalized Lease
Obligations of such Person; (e) all Debt or other obligations of others Guaranteed by such Person; (f) all obligations
secured by a Lien existing on Property owned by such Person, whether or not the obligations secured thereby have been assumed by
such Person or are non-recourse to the credit of such Person; (g) any other obligation for borrowed money or other
financial accommodations which in accordance with GAAP would be shown as a liability on the balance sheet of such Person;
(h) any repurchase obligation or liability of a Person with respect to Accounts, chattel paper or notes receivable sold by such
Person; (i) any liability under a sale and leaseback transaction that is not a Capitalized Lease Obligation; (j) any
obligation under any so called “synthetic leases;” (k) any obligation arising with respect to any other transaction
that is the functional equivalent of borrowing but which does not constitute a liability on the balance sheets of a Person;
(l) all payment and reimbursement obligations of such Person (whether contingent or otherwise) in respect of letters of credit,
bankers’ acceptances, surety or other bonds and similar instruments; (m) all liabilities of such Person in respect of
unfunded vested benefits under any Plan; (n) all Hedge Obligations of such Person, valued at the Hedge Termination Value
thereof; and (o) all obligations of such Person in respect of Disqualified Equity Interests.

 

For all purposes, the Debt
of any Person shall include the Debt 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 Debt is expressly made non-recourse to such
Person.

 

    CREDIT AGREEMENT – Page 16

     

    

 

“Debtor Relief
Laws” means Title 11 of the United States Code, the BIA, the Companies’ Creditors Arrangement Act (Canada), and
the Winding-Up and Restructuring Act (Canada), in each case, as now or hereafter in effect, or any other applicable Law, domestic or foreign,
as now or hereafter in effect, relating to bankruptcy, insolvency, liquidation, receivership, reorganization, assignment for the benefit
of creditors, moratorium, arrangement or composition, extension or adjustment of debts, or similar Laws affecting the rights of creditors
(including any applicable corporations legislation to the extent the relief sought under such corporations legislation relates to or involves
the compromise, settlement, adjustment or arrangement of debt).

 

“Default”
means an Event of Default or the occurrence of an event or condition which with notice or lapse of time or both would become an Event
of Default.

 

“Default Interest
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 Margin, if any, applicable to a Base Rate Loan plus (iii) two percent (2%)
per annum; provided, however, that with respect to a Eurodollar Rate Loan, the Default Interest Rate shall be an interest rate
equal to the interest rate (including any Applicable Margin) otherwise applicable to such Loan plus two percent (2%) per annum,
and (b) when used with respect to Letter of Credit Fees, a rate equal to the Applicable Margin plus two percent (2%) per annum;
provided, however, in no event shall the Default Interest Rate exceed the Maximum Rate.

 

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

 

“Defaulting Lender”
means, subject to Section 11.22(b), any Lender that (a) has failed to (i) fund all or any portion of its
Loans within two (2) Business Days of the date such Loans were required to be funded hereunder, or (ii) pay to Administrative Agent,
the L/C Issuer, the Swing Line Lender or any other Lender any other amount required to be paid by it hereunder (including in respect of
its participation in Letters of Credit or Swing Line Loans) within two (2) Business Days of the date when due, (b) has notified the
Borrower Representative, Administrative Agent, L/C Issuer or Swing Line Lender in writing that it does not intend to comply with its funding
obligations hereunder, or has made a public statement to that effect, (c) has failed, within three (3) Business Days after written
request by Administrative Agent or the Borrower Representative, to confirm in writing to Administrative Agent and the Borrower Representative
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 Administrative Agent and the Borrower
Representative), 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, monitor, 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 Administrative Agent that a Lender is a Defaulting
Lender under any one or more of clauses (a) through (d) above shall be conclusive and binding absent
manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 11.22(b)) upon delivery
of written notice of such determination to the Borrower Representative and each Lender.

 

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

 

“Disposition”
means any sale, lease, sub-lease, license, transfer, assignment, conveyance, release, loss or other disposition, or entry into any contract
the performance of which would result in any of the foregoing, of any interest in Property, or of any interest in a Subsidiary that owns
Property, in any transaction or event or series of transactions or events, and “Dispose” has the correlative
meaning thereto.

 

    CREDIT AGREEMENT – Page 17

     

    

 

“Disqualified
Equity Interest” means any Equity Interest that, by its terms (or the terms of any security or other Equity Interests
into which it is convertible or for which it is exchangeable), or upon the happening of any event or condition (a) matures or is
mandatorily redeemable (other than solely for Equity Interests that are not Disqualified Equity Interests), pursuant to a sinking
fund obligation or otherwise (except as a result of a change of control or asset sale so long as any rights of the holders thereof
upon the occurrence of a change of control or asset sale event shall be subject to the prior repayment in full of the Loans and all
other Obligations that are accrued and payable and the termination of the Commitments), (b) is redeemable at the option of the
holder thereof, in whole or in part, (c) provides for scheduled payments of dividends in cash, or (d) is or becomes convertible into
or exchangeable for Debt or any other Equity Interests that would constitute Disqualified Equity Interests, in each case, prior to
the date that is ninety-one days after the Maturity Date; provided that if such Equity Interests are issued pursuant to a
plan for the benefit of employees of any Loan Party or any of its Subsidiaries or by any such plan to such employees, such Equity
Interests shall not constitute Disqualified Equity Interests solely because they may be required to be repurchased by any Loan Party
or its Subsidiaries in order to satisfy applicable statutory or regulatory obligations or as a result of such employee’s
termination, death or disability.

 

“Dollars”
and “$” mean lawful money of the U.S.

 

“Domestic Subsidiary”
means any Subsidiary that is organized under the Laws of any political subdivision of the U.S.

 

“Early Opt-in
Election” means, if the then-current Benchmark is USD LIBOR, the occurrence of:

 

(a)              
a notification by the Administrative Agent to (or the request by the Borrower Representative to the Administrative Agent to notify)
each of the other parties hereto that at least five currently outstanding U.S. dollar-denominated syndicated credit facilities at such
time contain (as a result of amendment or as originally executed) a BSBY-based rate (or, alternatively, a SOFR-based rate, including SOFR,
a term SOFR or any other rate based upon SOFR) as a benchmark rate (and such syndicated credit facilities are identified in such notice
and are publicly available for review), and

 

(b)              
the joint election by the Administrative Agent and the Borrower Representative to trigger a fallback from USD LIBOR and the provision
by the Administrative Agent of written notice of such election to the Lenders.

 

“EBITDA”
means, for any Person for any period, an amount equal to: (a) Net Income plus (b) the sum (in each case, without duplication)
of the following to the extent deducted in the calculation of Net Income: (i) interest expense; (ii)  Taxes based on income
or profits; (iii) depreciation; (iv) amortization; (v)  losses that are unusual and infrequently occurring determined in
accordance with GAAP; (vi) other non-recurring expenses reducing such Net Income which do not represent a cash item in such period
or any future period; (vii) any amendment, waiver or consent fees (but excluding, for the avoidance of doubt, any upfront, structuring,
commitment, arrangement or underwriting fees) paid by the Loan Parties to the Administrative Agent and/or the Lenders in connection with
any amendment, waiver, or consent entered into in connection with this Agreement, and (viii) the amount of any Specified EBITDA Equity
Contribution that is deemed to be EBITDA for any fiscal quarter included in the trailing four fiscal quarter period pursuant to Section
9.3; minus (c) the sum (in each case, without duplication) of the following to the extent included in the calculation
of Net Income: (i) income tax credits; (ii) gains that are unusual and infrequently occurring determined in accordance with
GAAP; and (iii) all non-recurring, non-cash items increasing Net Income.

 

“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.

 

    CREDIT AGREEMENT – Page 18

     

    

 

“Electronic Record”
has the meaning assigned to that term in, and shall be interpreted in accordance with, 15 U.S.C. 7006.

 

“Electronic Signature”
has the meaning assigned to that term in, and shall be interpreted in accordance with, 15 U.S.C. 7006.

 

“Eligible Accounts”
means, as of any applicable period of determination thereof, all Accounts of Borrowers (net of service charges, interest and finance fees)
created in the ordinary course of business that Administrative Agent determines are eligible as the basis for the extension of the Credit
Extensions. Without limiting the foregoing, no Account shall be an Eligible Account if:

 

(a)              
it does not comply in all material respects with all applicable Laws, rules, and regulations, including, without limitation, usury
Laws, the Federal Truth in Lending Act, and Regulation Z of the Board of Governors of the Federal Reserve System;

 

(b)              
it has been outstanding for more than ninety (90) days past the original date of invoice or sixty (60) days after the original
date payment is due;

 

(c)              
(i) the goods giving rise to it have not been delivered to the account debtor and do not constitute a final sale or (ii) the services
giving rise to it have not been performed for the account debtor;

 

(d)              
it represents a progress billing or retainage, or relates to services for which a performance, surety or completion bond or similar
assurance has been issued;

 

(e)              
it arises from a sale to an Affiliate, from a sale on a cash-on-delivery, bill-and-hold, sale-or-return, sale-on-approval,
consignment, or other repurchase or return basis, or from a sale for personal, family or household purposes;

 

(f)               
it is not subject to a duly perfected, first priority Lien in favor of Administrative Agent;

 

(g)              
it is subject to any Lien other than (i) a Lien in favor of Administrative Agent, or (ii) a Permitted Lien which does not have
priority over the Lien in favor of Administrative Agent;

 

(h)              
 it arises out of a contract with or order from, an account debtor that, by its terms, prohibits or makes void or unenforceable
the grant of a security interest by the applicable Borrower to Administrative Agent in and to such Account;

 

(i)                
it does not conform with a covenant or representation herein or in the other Loan Documents;

 

(j)                
it is owing by a creditor or supplier of any Loan Party or any Subsidiary thereof, or is otherwise subject to a potential offset,
counterclaim, dispute, deduction, discount, recoupment, reserve, defense, chargeback, credit or allowance that has been asserted in writing;

 

(k)              
the account debtor is insolvent or the subject of any bankruptcy or insolvency proceeding, or has made an assignment for the benefit
of creditors, suspended normal business operations, dissolved, liquidated, terminated its existence, ceased to pay its debts as they become
due, or suffered a receiver or trustee to be appointed for any of its assets or affairs;

 

(l)                
it is evidenced by chattel paper or an instrument;

 

(m)            
a default exists under the Account by any party thereto;

 

    CREDIT AGREEMENT – Page 19

     

    

 

(n)              
it is owed by an Affiliate, employee, officer, director or shareholder of Parent, any Loan Party or any of their Subsidiaries;

 

(o)              
it is owed in currency other than Dollars by the account debtor;

 

(p)              
the account debtor is organized or has its principal offices or assets outside the United States or Canada;

 

(q)              
the Account is owed by an individual or a Sanctioned Person;

 

(r)               
if more than twenty-five percent (25%) of the aggregate balances then outstanding on all Accounts owed by such account debtor and
its Affiliates are unpaid for more than (i) sixty (60) days after the original date payment is due or (ii) ninety (90) days past the dates
of their original invoices;

 

(s)                it
is owing by a Governmental Authority, unless the account debtor is (i) the U.S. or any department, agency, or instrumentality
thereof and the Account has been assigned to Administrative Agent in compliance with the Federal Assignment of Claims Act of 1940;
or (ii) the government of Canada (or any political subdivision thereof), or any department, agency, Crown corporation or
instrumentality thereof and (A) the Financial Administration Act (Canada), as amended, or any comparable requirements under any
other Canadian federal, provincial, territorial or municipal law regarding the assignment of Crown debts, has been duly complied
with and any other steps necessary to perfect the Lien of the Administrative Agent in such Account have been completed and (B) all
consents, licenses, approvals or authorizations of, or registrations or declarations with, any Governmental Authority required to be
obtained, effected or given in connection with the execution, delivery and performance of such Account by each party obligated
thereunder, or in connection with the enforcement and collection thereof by the Administrative Agent, have been duly obtained,
effected or given and are in full force and effect;

 

(t)                
it includes a billing for interest, fees or late charges;

 

(u)              
when aggregated with all other Accounts owed, without duplication, (i) by an Investment Grade Account Debtor and its Affiliates
to which such Account relates exceeds thirty-five percent (35%) of all Eligible Accounts owed by all of Borrowers’ account debtors;
(ii) by a Non-Investment Grade Account Debtor and its Affiliates to which such Account relates exceeds twenty-five percent (25%) of all
Eligible Accounts owed by all of Borrowers’ account debtors or (iii) solely for purposes of calculating the Borrowing Base in any
period on or prior to December 31, 2019, by QEP Resources, Inc. and its Affiliates to which such Account relates exceeds thirty-five percent
(35%) of all Eligible Accounts owed by all of Borrowers’ account debtors; provided, however, that, in each case under the
foregoing clauses (i) through (iii), if such aggregate exceeds such percentage of all Eligible Accounts, only such excess shall be ineligible;
and

 

(v)              
Administrative Agent otherwise reasonably determines it be ineligible.

 

The amount of the Eligible
Accounts owed by an account debtor to any Borrower shall be reduced by the amount of all “contra accounts” and other obligations
owed, whether by such Borrower or any other Loan Party or Subsidiary, to such account debtor. Administrative Agent shall have the right
to create and adjust eligibility standards and related services from time to time in its reasonable discretion.

 

“Eligible Assignee”
means any Person that meets the requirements to be an assignee under Section 11.8(b)(iii), (v) and (vi)
(subject to such consents, if any, as may be required under Section 11.8(b)(iii)).

 

“Eligible Field
Units” means the Eligible Inventory owned by the Borrowers consisting of Field Units.

 

“Eligible Generator
Units” means the Eligible Inventory owned by the Borrowers consisting of Generator Units.

 

    CREDIT AGREEMENT – Page 20

     

    

 

“Eligible Inventory”
means, as of any applicable period of determination thereof, all Inventory of Borrowers that Administrative Agent determines is eligible
as the basis for the extension of the Credit Extensions. Without limiting the foregoing, no Inventory shall be Eligible Inventory if:

 

(a)              
it is not subject to a duly perfected, first priority Lien in favor of Administrative Agent (including, in the case of Inventory
of Canadian Borrower, perfected by registration in the jurisdiction in which such Inventory is located);

 

(b)              
it is subject to any Lien other than (i) a Lien in favor of Administrative Agent or (ii) a Permitted Lien which does not have priority
over the Lien in favor of Administrative Agent;

 

(c)              
 it is consigned to or from third parties;

 

(d)              
it is slow-moving, obsolete, unserviceable, perishable or spoiled, unless such Inventory can be (i) used or repurposed to create
new Inventory of the Borrowers or (ii) sold to another customer of a Borrower;

 

(e)              
it is accounted for on the books of a Borrower as burden or overhead;

 

(f)               
comprised of packaging and shipping supplies, materials, boxes or containers (in each case, other than such packaging and shipping
supplies, materials, boxes or containers that constitute actual Inventory of the Borrowers);

 

(g)              
it is used, damaged or defective, unless such Inventory can be (i) used or repurposed to create new Inventory of the Borrowers
or (ii) sold to another customer of a Borrower;

 

(h)              
it is located on premises not owned by the Borrowers (other than a customer site or location), unless either: (i) Administrative
Agent shall have received a Collateral Access Agreement with respect thereto, executed by the mortgagee, lessor, contract warehouseman,
bailor or such other Person, as the case may be, and segregated or otherwise separately identifiable from goods of others, if any, stored
on the premises and such Collateral Access Agreement shall remain in full force and effect; or (ii) Administrative Agent shall have established
a Rent Reserve with respect to such premises in an amount satisfactory to Administrative Agent;

 

(i)                
it is located at any customer site or location or is in the possession of a customer of any Borrower, unless either: (i) Administrative
Agent shall have received a Collateral Access Agreement from such customer; or (ii) such Inventory is subject to a valid uptime energy,
servicing or lease agreement with terms acceptable to Administrative Agent in effect at such time; provided that for any Inventory located
at any customer site or location or in the possession of any customer, which in each case is located in Canada, and subject to a “lease
for a term of more than one year” (as defined in the PPSA), all registrations necessary or desirable to preserve, protect and perfect
such Borrower’s interests in such leased Inventory shall have been made under the PPSA in the applicable jurisdiction;

 

(j)                
it is located outside of the continental United States or Canada, or is located in any jurisdiction in Canada in which the Administrative
Agent does not hold a valid, perfected Lien (and for greater certainty is not located in Quebec unless the Administrative Agent has received
a valid registered first priority deed of hypothec from Canadian Borrower);

 

(k)              
it is a sample item, is in-transit or is subject to any warehouse receipt or negotiable document;

 

(l)                
it constitutes work in process or raw materials; provided that Generator Units and Field Units are not raw materials;

 

    CREDIT AGREEMENT – Page 21

     

    

 

(m)            
 it is subject to repossession under the BIA except to the extent the applicable vendor has entered into an agreement with the
Administrative Agent, in form and substance reasonably satisfactory to the Administrative Agent, waiving its right to repossession;

 

(n)              
it has been acquired from a Sanctioned Person; or

 

(o)              
Administrative Agent otherwise determines it to be ineligible in its Permitted Discretion.

 

Administrative Agent shall
have the right to create and adjust eligibility standards from time to time in its reasonable discretion.

 

“Eligible New
Generator Units” means the Eligible Inventory owned by the Borrowers consisting of New Generator Units.

 

“Environmental
Laws” means any and all federal, state, provincial, territorial and local Laws, regulations, judicial decisions, orders,
decrees, plans, rules, permits, licenses, and other governmental restrictions and requirements pertaining to health, safety, or the environment,
including, without limitation, the Comprehensive Environmental Response, Compensation and Liability Act as amended by the Superfund Amendments
and Reauthorization Act of 1986, 42 U.S.C. §9601 et seq., the Resource Conservation and Recovery Act, 42 U.S.C. §6901 et seq.,
the Federal Water Pollution Control Act, as amended by the Clean Water Act, 33 U.S.C. §1251 et seq., the Clean Air Act, 42 U.S.C.
 §7401 et seq., the Emergency Planning and Community Right-to-Know Act, 42 U.S.C. §11001 et seq., the Hazardous Materials Transportation
Act, 49 U.S.C. §5101 et seq., the Toxic Substances Control Act, 15 U.S.C. §2601 et seq., the Oil Pollution Act of 1990, 33 U.S.C.
 §2701 et seq., the Safe Drinking Water Act, 42 U.S.C. §300f et seq., the Occupational Safety and Health Act, 29 U.S.C. §651
et seq., the Federal Insecticide, Fungicide, and Rodenticide Act, 7 U.S.C. §136 et seq., the Endangered Species Act, U.S.C. §1531
et seq., the National Environmental Policy Act, 42 U.S.C. §4321 et seq., the Rivers and Harbors Appropriation Act of 1899, 33 U.S.C.
 §407, all similar state statutes and local ordinances, and all regulations promulgated under any of those statutes, and all administrative
and judicial actions respecting such legislation, all as amended from time to time.

 

“Environmental
Liabilities” means, as to any Person, all liabilities, obligations, responsibilities, Remedial Actions, losses, damages,
punitive damages, consequential damages, treble damages, costs, and expenses (including, without limitation, all reasonable fees, disbursements
and expenses of counsel, expert and consulting fees and costs of investigation and feasibility studies), fines, penalties, sanctions,
and interest incurred as a result of any claim or demand, by any Person, whether based in contract, tort, implied or express warranty,
strict liability, criminal or civil statute, including any Environmental Law, permit, order or agreement with any Governmental Authority
or other Person, arising from environmental, health or safety conditions or the Release or threatened Release of a Hazardous Material
into the environment, resulting from the past, present, or future operations of such Person or its Affiliates.

 

“Equity
Interests” means, as 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 from time to time, together with the regulations promulgated thereunder.

 

“ERISA Affiliate”
means any corporation or trade or business which is a member of the same controlled group of corporations (within the meaning of Section 414(b)
of the Code) as a Loan Party, is under common control (within the meaning of Section 414(c) of the Code) with a Loan Party, or is
otherwise considered a single employer with a Loan Party pursuant to Sections 414(m) or (o) of the Code, for purposes of the provisions
relating to Section 412 of the Code or Section 303 of ERISA.

 

    CREDIT AGREEMENT – Page 22

     

    

 

“ERISA Event”
means (a) a Reportable Event with respect to a Plan, (b) a withdrawal by any Loan Party or any ERISA Affiliate from a Plan subject
to Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of ERISA)
or a cessation of operations which is treated as such a withdrawal under Section 4062(e) of ERISA, (c) a complete or partial
withdrawal by any Loan Party or any ERISA Affiliate from a Multiemployer Plan, (d) the filing of a notice of intent to terminate
a Plan, the treatment of a Plan or Multiemployer Plan amendment as a termination under Section 4041 or 4041A of ERISA, or the commencement
of proceedings by the PBGC to terminate a Plan or Multiemployer Plan, (e) the occurrence of an event or condition which might reasonably
be expected to constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer,
any Plan or Multiemployer Plan, (f) the imposition of any liability to the PBGC under Title IV of ERISA, other than for PBGC premiums
due but not delinquent under Section 4007 of ERISA, upon any Loan Party or any ERISA Affiliate, (g) the failure of any Loan
Party or ERISA Affiliate to meet any funding obligations with respect to any Plan or Multiemployer Plan, or (h) a Plan becomes subject
to the at-risk requirements in Section 303 of ERISA or Section 430 of the Code or is in endangered or critical status under
Section 305 of ERISA or Section 432 of the Code.

 

“Erroneous Payment”
has the meaning set forth in Section 10.11(a).

 

“Erroneous Payment
Deficiency Assignment” has the meaning set forth in Section 10.12(d).

 

“Erroneous Payment
Impacted Class” has the meaning set forth in Section 10.11(d).

 

“Erroneous Payment
Return Deficiency” has the meaning set forth in Section 10.11(d).

 

“Erroneous Payment
Subrogation Rights” has the meaning set forth in Section 10.11(d).

 

“ETA”
means Part IX of the Excise Tax Act (Canada), as amended from time to time, and any successor statute.

 

“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, subject to the implementation of a Benchmark Replacement in accordance with Section 3.3:

 

(a)              
with respect to any Eurodollar Rate Loan for any Interest Period, the per annum rate appearing on the ICE Benchmark Administration
LIBOR Rates Page (or on any successor or substitute page or service providing quotations of interest rates applicable to Dollar deposits
in the London interbank market comparable to those currently provided on such page, as determined by Administrative Agent from time to
time) at approximately 11:00 a.m., London time, on the related Eurodollar Rate Determination Date, as the rate for Dollar deposits with
a maturity comparable to such Interest Period, and if such rate does not appear on such screen or service, or such screen or service shall
cease to be available, then the Eurodollar Rate shall be the offered rate (as determined by Administrative Agent in its sole discretion;
provided that no Benchmark Transition Event shall have occurred at such time) on such other screen or service that displays an average
interest settlement rate for deposits in Dollars (for delivery on the first day of such Interest Period) by such other authoritative source
(as is selected by Administrative Agent in its sole discretion; provided that no Benchmark Transition Event shall have occurred at such
time) to major banks in the London interbank eurodollar market for a term equivalent to such Interest Period as of 11:00 a.m. on the relevant
Eurodollar Rate Determination Date; and

 

(b)              
with respect to any interest calculation with respect to a Base Rate Loan on any date, the per annum rate appearing on the ICE
Benchmark Administration LIBOR Rates Page (or on any successor or substitute page or service providing quotations of interest rates applicable
to Dollar deposits in the London interbank market comparable to those currently provided on such page, as determined by Administrative
Agent from time to time) at approximately 11:00 a.m., London time, on the related Eurodollar Rate Determination Date for a term of one
(1) month commencing on the date of calculation, and if such rate does not appear on such screen or service, or such screen or service
shall cease to be available, then the Eurodollar Rate shall be the offered rate (as determined by Administrative Agent in its sole discretion;
provided that no Benchmark Transition Event shall have occurred at such time) on such other screen or service that displays an average
interest settlement rate for deposits in Dollars (for delivery on such date of calculation) by such other authoritative source (as is
selected by Administrative Agent in its sole discretion; provided that no Benchmark Transition Event shall have occurred at such time)
to major banks in the London interbank eurodollar market for a term of one (1) month as of 11:00 a.m. on the relevant Eurodollar Rate
Determination Date.

 

    CREDIT AGREEMENT – Page 23

     

    

 

Notwithstanding the foregoing,
(x) in no event shall the Eurodollar Rate (including any Benchmark Replacement with respect thereto) be less than 0% and (y) unless otherwise
specified in any amendment to this Agreement entered into in accordance with Section 3.3, in the event that a Benchmark
Replacement with respect to the Eurodollar Rate is implemented then all references herein to the Eurodollar Rate shall be deemed references
to such Benchmark Replacement. Each calculation by Administrative Agent of the Eurodollar Rate shall be conclusive and binding for all
purposes absent manifest error.

 

“Eurodollar Rate
Borrowing” means, as to any Borrowing, the Eurodollar Rate Loans comprising such Borrowing.

 

“Eurodollar Rate
Determination Date” means a day that is two (2) Business Days prior to the beginning of the relevant Interest Period or
prior to the applicable date, as applicable.

 

“Eurodollar Rate
Loan” means each Loan bearing interest based on the Adjusted Eurodollar Rate where the Eurodollar Rate is determined pursuant
to clause (a) of the definition thereof.

 

“Event of Default”
has the meaning set forth in Section 9.1.

 

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

 

“Excluded Accounts”
means any commodity account, deposit account or securities account (a) established solely as a payroll account and other zero-balance
disbursement account, (b) held in a fiduciary capacity and established in connection with employee benefit plans in the ordinary course
of business or pursuant to applicable legal requirements, or (c) with a balance in each such account individually not exceeding $100,000
at any time and the aggregate balance of all such accounts not exceeding $250,000.

 

“Excluded Assets”
means, collectively:

 

(a)              
assets as to which Administrative Agent and Loan Parties agree in writing that the cost of creating or perfecting a pledge of,
or a security interest in, such assets is excessive in relation to the value of the security to be afforded thereby;

 

(b)              
any rights or interest in any lease, contract, license or license agreement covering personal Property or real Property and/or
such assets subject thereto, so long as under the terms of such lease, contract, license or license agreement, the grant of a security
interest or Lien therein for the benefit of the Secured Parties (1) is prohibited, (2) would give any other party to such lease, contract,
license or license agreement, instrument or indenture the right to terminate its obligations thereunder, or (3) is permitted only with
the consent of another party (including, without limitation, any Governmental Authority) (or would render such lease, contract, license
or license agreement cancelled, invalid or unenforceable) and such prohibition has not been or is not waived or the consent of the other
party to such lease, contract, license or license agreement has not been or is not otherwise obtained; provided that, this exclusion
shall in no way be construed to apply if any such prohibition is unenforceable under the UCC, the PPSA or any other Law (including any
Debtor Relief Law) or so as to limit, impair or otherwise affect the unconditional continuing security interests in and Liens for the
benefit of the Secured Parties upon any rights or interests in or to monies due or to become due under any such lease, contract, license
or license agreement (including any receivables) and provided further that, with respect to any lease, contract, license or license
agreement entered into after the Closing Date, the Loan Parties shall use commercially reasonable efforts to permit Liens for the benefit
of the Secured Parties on each such lease, contract, license or license agreement and avoid prohibitions of the types described in clauses
(1) through (3) above;

 

    CREDIT AGREEMENT – Page 24

     

    

 

(c)              
 any such account described in clause (b) of the definition of “Excluded Accounts”;

 

(d)              
any application for registration of a trademark filed in the United States Patent and Trademark Office on an intent to use basis
to the extent that the grant of a security interest in any such trademark application would adversely affect the validity or enforceability
or result in cancellation or voiding of such trademark application, provided, however, that such trademark applications shall no
longer be considered Excluded Assets upon the filing of a Statement of Use or an Amendment to Allege Use has been filed and accepted in
the United States Patent and Trademark Office; and

 

(e)              
any assets that are subject to a Lien permitted under Section 7.2(g) if the contract or other agreement in which
the Lien is granted (or the documentation providing for the Debt secured thereby) prohibits the creation of any other Lien on such assets;
provided that immediately upon the ineffectiveness, lapse or termination of any such Lien permitted under Section 7.2(g),
such assets shall no longer be considered Excluded Assets pursuant to this clause (e) and the Collateral shall include all
such rights and interest in such assets as if such Lien permitted under Section 7.2(g) had never been in effect (unless
such asset would constitute as an Excluded Asset under any other clause herein).

 

To the extent that such Property
constitutes as an “Excluded Asset” due to the failure by any Loan Party to obtain a consent as described in clause (b)
above, such Loan Party shall use commercially reasonable efforts to obtain such consent and, upon obtaining such consent, such Property
shall cease to constitute as an “Excluded Asset”.

 

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

 

“Excluded
Taxes” means any of the following Taxes imposed on or with respect to a Recipient or required to be withheld or
deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes,
and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the Laws of, or having
its principal office or, in the case of any Lender, its applicable Lending Office located in, the jurisdiction imposing such Tax (or
any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal or
Canadian 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 such Loan or
Commitment (other than pursuant to an assignment request by any Borrower under Section 3.6(b)) or (ii) such
Lender changes its Lending Office, except in each case to the extent that, pursuant to Section 3.4, amounts with
respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to
such Lender immediately before it changed its Lending Office, (c) Taxes attributable to such Recipient’s failure to
comply with Section 3.4(g) and (d) any U.S. federal withholding Taxes imposed under FATCA.

 

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

 

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

 

    CREDIT AGREEMENT – Page 25

     

    

 

“FCPA”
means the Foreign Corrupt Practices Act of 1977, as amended.

 

“Federal Funds
Rate” means, for any day, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) equal to the weighted
average of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers
on such day, as published by the Federal Reserve Bank of New York, on the Business Day next succeeding such day, provided that
(a) if the day for which such rate is to be determined is not a Business Day, the Federal Funds Rate for such day shall be such rate
on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if such rate
is not so published for any day, the Federal Funds Rate for such day shall be the average rate charged to Administrative Agent on such
day on such transactions as determined by Administrative Agent.

 

“Fee Letter”
means (a) the separate fee letter dated as of February 8, 2019, between Borrowers and Texas Capital Bank and (b) any other fee letter
among Borrowers and Administrative Agent, Arranger and/or Texas Capital Bank concerning fees to be paid by Borrowers in connection with
this Agreement including any amendments, restatements, supplements or modifications thereof. By its execution of this Agreement, each
Lender acknowledges and agrees that Administrative Agent, Arranger and/or Texas Capital Bank may elect to treat as confidential and not
share with Lenders any Fee Letters executed from time to time in connection with this Agreement.

 

“Field Units”
means Inventory of the Borrowers generally consisting of diesel generators, oil and gas separators, electrical switchgear, and other related
support equipment, which, in each case, are not part of any Generator Package.

 

“Fifth Amendment”
means that certain Fifth Amendment to Credit Agreement dated as of the Fifth Amendment Effective Date, by and among the Company, the other
Borrowers and the other Loan Parties party thereto, the Administrative Agent and the Lenders party thereto.

 

“Fifth Amendment
Effective Date” means [_______], 2021.

 

“Financial Covenants”
means the covenants set forth in Sections 8.1 and 8.2.

 

“First Amendment”
means that certain First Amendment to Credit Agreement and First Amendment to Pledge and Security Agreement dated as of the First Amendment
Effective Date, by and among the Company, the other Borrowers and the other Loan Parties party thereto, the Administrative Agent and the
Lenders party thereto.

 

“First Amendment
Effective Date” means January 27, 2020.

 

“Fixed Charge
Coverage Ratio” means, for any date of determination, the ratio of (a) Annualized EBITDA of Company and its Subsidiaries
minus Unfinanced Capital Expenditures, to (b) Fixed Charges of Company and its Subsidiaries.

 

“Fixed Charges”
means, for any Person for any date of determination, the sum of (a) Annualized Debt Service, plus (b) cash income taxes
paid during the trailing twelve (12) fiscal month period then ending on such date, plus (c) the sum of distributions and dividends
(including any Permitted Tax Distributions) made during the trailing twelve (12) fiscal month period then ending on such date.

 

“FlexEnergy”
means FlexEnergy, Inc., a Delaware corporation.

 

    CREDIT AGREEMENT – Page 26

     

    

 

“Floor”
means the benchmark rate floor, if any, provided in this Agreement initially (as of the Fifth Amendment Effective Date or any modification,
amendment or renewal of this Agreement or otherwise) with respect to USD LIBOR.

 

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

 

“Foreign Subsidiaries”
means each Subsidiary other than a Domestic Subsidiary.

 

“Fourth Amendment”
means that certain Fourth Amendment to Credit Agreement dated as of the Fourth Amendment Effective Date, by and among the Company, the
other Borrowers and the other Loan Parties party thereto, the Administrative Agent and the Lenders party thereto.

 

“Fourth Amendment
Effective Date” means June 29, 2021.

 

“Fraudulent Transfer
Laws” has the meaning set forth in Section 12.14.

 

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

 

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

 

“GAAP”
means generally accepted accounting principles, applied on a consistent basis, as set forth in opinions of the Accounting Principles Board
of the American Institute of Certified Public Accountants and/or in statements of the Financial Accounting Standards Board and/or their
respective successors and which are applicable in the circumstances as of the date in question. Accounting principles are applied on a
 “consistent basis” when the accounting principles applied in a current period are comparable in all material respects to those
accounting principles applied in a preceding period.

 

“Generator Packages”
means uptime energy power units, generally consisting of an engineered package of components, including, without limitation, a turbine
engine, combustor, synchronous generator, recuperator, inlet guide vanes, generator braking resistor, and other control devices mounted
on either a metal skid or trailer.

 

“Generator Units”
means Inventory of the Borrowers consisting of completed Generator Packages. For the avoidance of doubt Generator Units will not include
any Field Units.

 

“Governmental
Authority” means the government of the U.S., Canada or any other nation, or any political subdivision thereof, whether state,
provincial, territorial or local, and any agency, authority, instrumentality, regulatory body, court, central bank, tribal body 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), and any group or body charged with setting
financial accounting or regulatory capital rules or standards (including without limitation, the Financial Accounting Standards Board,
the Bank for International Settlements or the Basel Committee on Banking Supervision or any successor or similar authority to any of the
foregoing).

 

    CREDIT AGREEMENT – Page 27

     

    

 

“GST”
means the goods and services tax and all other amounts payable under the ETA or any similar legislation in any other jurisdiction of Canada,
including (a) the Quebec sales tax imposed pursuant to an Act respecting the Québec sales tax and (b) all amounts payable
as harmonized sales tax in the Provinces of Ontario, Nova Scotia, Newfoundland and Labrador, Prince Edward Island and New Brunswick under
the ETA.

 

“Guarantee”
by any Person means any obligation or liability, contingent or otherwise, of such Person directly or indirectly guaranteeing any
Debt or other obligation of any other Person as well as any obligation or liability, direct or indirect, contingent or otherwise, of
such Person (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Debt or other obligation or
liability (whether arising by virtue of partnership arrangements, by agreement to keep-well, to purchase assets, goods, securities
or services, to operate Property, to take-or-pay, or to maintain net worth or working capital or other financial statement
conditions or otherwise) or (b) entered into for the purpose of indemnifying or assuring in any other manner the obligee of
such Debt or other obligation or liability of the payment thereof or to protect the obligee against loss in respect thereof (in
whole or in part); provided that the term Guarantee shall not include endorsements for collection or deposit in the ordinary
course of business. The term “Guarantee” used as a verb has a corresponding meaning.

 

“Guarantors”
means, collectively, (a) each of the Borrowers with respect to the Obligations under any Bank Product Agreement to the extent that each
such Borrower is not the primary obligor with respect thereto, (b) Flex Power Co., a Delaware corporation, and each other Subsidiary of
Company (other than Borrowers) and (c) each Person (other than Parent) who from time to time Guarantees all or any part of the Obligations
under the Loan Documents, including any Person who becomes a party to this Agreement pursuant to a Joinder Agreement.

 

“Guaranty”
means, collectively, the guaranty made by the Loan Parties party to this Agreement pursuant to Article 12 and each other
written guaranty executed by one or more of the other Guarantors in favor of Administrative Agent, for the benefit of Secured Parties,
in form and substance satisfactory to Administrative Agent.

 

“Hazardous Material”
means any substance, product, waste, pollutant, material, chemical, contaminant, constituent, or other material which is or becomes listed,
regulated, or addressed under any Environmental Law, including, without limitation, any petroleum and petroleum byproducts, natural gas,
natural gas liquids, liquefied natural gas or synthetic gas usable for fuel (or mixture of natural gas and such synthetic gas), polychlorinated
biphenyls, lead and lead-based paint, radon, radioactive materials, flammables and explosives, and mold.  “Hazardous Substances”
shall include, without limitation, any hazardous or toxic substance, material or waste or any chemical, element, compound or mixture which
is: (i) asbestos and asbestos-containing materials; (ii) designated as a “pollutant” or “toxic pollutant” pursuant
to the Federal Water Pollution Control Act (33 U.S.C. Paragraph 1251 et seq.); (iii) defined as a “solid or hazardous waste”
pursuant to the Federal Resource Conservation and Recovery Act (42 U.S.C. Paragraph 6901 et seq.); (iv) defined as “hazardous substances”
pursuant to the Comprehensive Environmental Response, Compensation and Liability Act (42 U.S.C. Paragraph 9601 et seq.); (v) listed in
the United States Department of Transportation Table (49 CFR 172.101) or by the Environmental Protection Agency as hazardous substances
(40 CFR part 302); (vi) chemicals, elements, compounds, mixtures, substances, materials or wastes otherwise regulated under any applicable
federal, state, provincial, territorial or local Environmental Laws; (vii) polychlorinated biphenyls; (viii) “pesticides”
as defined in the Federal Insecticide, Fungicide, and Rodenticide Act, 7 U.S.C. §§ 136 et seq.; (ix) “contaminant”
as defined in the Safe Drinking Water Act, 42 U.S.C. §§ 300f et seq.; (x) “extremely hazardous substances” as defined
in the Emergency Planning and Community Right to Know Act, 42 U.S.C. §§ 11001 et seq.; (xi) “hazardous materials”
as defined in the Hazardous Materials Transportation Act, 49 U.S.C. §§ 5101 et seq.; (xii) “hazardous air pollutants”
as defined in the Clean Air Act, 42 U.S.C. §§ 7401 et seq.; and (xiii) “oil” as defined in the Oil Pollution Act
of 1990, 33 U.S.C. §§ 2701 et seq.

 

    CREDIT AGREEMENT – Page 28

     

    

 

“Hedge
Agreement” means (a) any and all interest 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, (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 and annexes, a “Master Agreement”), (c) any and
all Master Agreements and any and all related confirmations and (d) any other agreement, contract or transaction that constitutes a
 “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act.

 

“Hedge Obligations”
means, at any time with respect to any Person, all indebtedness, liabilities, and obligations of such Person under or in connection with
any Hedge Agreement, whether actual or contingent, due or to become due and existing or arising from time to time.

 

“Hedge Termination
Value” means, in respect of any one or more Hedge Agreements, after taking into account the effect of any legally enforceable
netting agreement relating to such Hedge Agreements, (a) for any date on or after the date such Hedge Agreements have been closed
out and settlement amounts, early termination amounts or termination value(s) determined in accordance therewith, such settlement amounts,
early termination amounts or 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 Hedge Agreements, as determined based upon one or more commercially reasonable
mid-market or other readily available quotations provided by any dealer which is a party to such Hedge Agreement or any other recognized
dealer in such Hedge Agreements (which may include a Lender or any Affiliate of a Lender).

 

“Honor Date”
has the meaning set forth in Section 2.2(c)(i).

 

“Increase Effective
Date” has the meaning set forth in Section 2.10(c).

 

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

 

“Information”
has the meaning set forth in Section 11.26.

 

“Intellectual
Property” means all copyrights, copyrightable works, patents, patent applications, industrial designs, trademarks, service
marks, trade names, brand names, trade dress, slogans, logos and Internet domain names and uniform resource locators, and the goodwill
associated with any of the foregoing, and other types of intellectual or industrial property rights and foreign equivalent or counterpart
rights and forms of protection of a similar or analogous nature to any of the foregoing or having similar effect in any jurisdiction throughout
the world, and registrations and applications for registration of any of the foregoing, and all documentation and embodiments of the foregoing,
in whatever form, now owned or hereafter acquired.

 

    CREDIT AGREEMENT – Page 29

     

    

 

 

“Interest Period”
means with respect to any Eurodollar Rate Loan, the period commencing on the date such Loan becomes a Eurodollar Rate Loan (whether by
the making of a Loan or its continuation or conversion) and ending on the numerically corresponding day in the calendar month that is
one (1), two (2) or three (3) months thereafter (in each case subject to the availability of the Eurodollar Rate for such period), as
the Borrower Representative may elect; provided that (a) if any Interest Period would end on a day other than a Business Day,
such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the
next calendar month, in which case such Interest Period shall end on the next preceding Business Day and (b) any Interest Period
pertaining to a Eurodollar Rate Loan that commences on the last Business Day of a calendar month (or on a day for which there is no numerically
corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of
such Interest Period.

 

“Interest Rate”
means the rate equal to the lesser of (a) the Maximum Rate and (b) the Applicable Rate.

 

“Inventory”
means inventory, as defined in the UCC or PPSA, as applicable.

 

“Investment Grade
Account Debtor” means, any account debtor whose securities are rated BBB- (or then equivalent grade) or higher by S&P
or Baa3 (or then equivalent grade) or higher by Moody’s, or whose credit rating or credit quality has the characteristics of an
Investment Grade Account Debtor as determined by Administrative Agent in its sole discretion.

 

“IRS”
means the Internal Revenue Service or any entity succeeding to all or any of its functions.

 

“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 L/C Issuer and any Borrower or in favor of L/C Issuer and relating to such Letter of Credit.

 

“ITA”
means the Income Tax Act (Canada), as amended from time to time, and any successor statute, together with the regulations promulgated
thereunder.

 

“Joinder Agreement”
means a Joinder Agreement in the form of Exhibit H hereto.

 

“Judgment Currency”
has the meaning set forth in Section 11.2(b).

 

“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.

 

    CREDIT AGREEMENT – Page 30

     

    

 

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

 

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

 

“L/C Obligations”
means, as of 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 1.4. For all purposes
of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder
by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the
amount so remaining available to be drawn.

 

“Laws”
means, collectively, all international, foreign, federal, state, provincial, territorial 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.

 

“Lease”
of any Person means all of the right, title and interest of such Person as lessee or licensee in, to and under a lease or license of land,
improvements and/or fixtures.

 

“Lenders”
means, (a) at any time prior to the termination of the Commitments, any Person that has a Commitment at such time, and (b) at
any time after the termination of the Commitments, any Person that has Revolving Credit Exposure at such time. Unless the context otherwise
requires, the term “Lenders” includes Swing Line Lender, L/C Issuer and their respective successors and assigns permitted
hereunder.

 

“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 Representative and Administrative Agent.

 

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

 

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

 

“Letter of Credit
Expiration Date” means the day that is seven (7) days prior to the Maturity Date (or, if such day is not a Business Day,
the next preceding Business Day).

 

    CREDIT AGREEMENT – Page 31

     

    

 

“Letter of Credit
Fee” has the meaning set forth in Section 2.4(b).

 

“Letter of Credit
Sublimit” means an amount equal to the lesser of (a) $5,000,000 and (b) the aggregate Commitments. The Letter of Credit
Sublimit is part of, and not in addition to, the Commitments.

 

“Leverage Ratio”
means, as of the last day of the last fiscal month of each fiscal quarter, the ratio of (i) all Debt of Company and its Subsidiaries,
on a consolidated basis in accordance with GAAP, as of such date to (ii) Annualized EBITDA of Company and its Subsidiaries, on a consolidated
basis in accordance with GAAP, as of such date.

 

“Lien”
means, as to any Property of any Person, (a) any lien, mortgage, security interest, tax lien, pledge, charge, hypothecation, collateral
assignment, preference, priority, or other encumbrance of any kind or nature whatsoever (including, without limitation, any conditional
sale or title retention agreement), whether arising by contract, operation of law, or otherwise, affecting such Property and (b) the signing
or filing of a financing statement which names the Person as debtor or the signing of any security agreement or the signing of any document
authorizing a secured party to file any financing statement which names such Person as debtor.

 

“Loan”
means an extension of credit by a Lender to any Borrower under Article 2 in the form of a Revolving Credit Loan or
a Swing Line Loan.

 

“Loan Documents”
means this Agreement, the First Amendment, the Second Amendment, the Third Amendment, the Fourth Amendment, each Guaranty, the Security
Documents, the Notes, the Issuer Documents, and all other promissory notes, security agreements, deeds of trust, assignments, letters
of credit, guaranties, and other instruments, documents, or agreements executed and delivered pursuant to or in connection with this Agreement
or the Security Documents; provided that the term “Loan Documents” shall not include any Bank Product Agreement.

 

“Loan Party”
means Borrowers, each other Guarantor or any other Person who is or becomes party to any agreement with any Secured Party that obligates
such Person to pay or perform, or that Guarantees or secures payment or performance of, the Obligations under the Loan Documents or any
part thereof. Notwithstanding the foregoing, the Parent shall not constitute as being a “Loan Party” for all purposes under
the Loan Documents.

 

“Management Services
Agreement” means that certain Management Services Agreement dated as of [_______], 2021, between the Company and FlexEnergy
Energy Systems, Inc., a Delaware corporation, as the same may be amended, restated, supplemented or otherwise modified from time to time
in accordance with Section 7.16.

 

“Material
Adverse Effect” means any act, event, condition, or circumstance which could reasonably be expected to materially and
adversely affect (a) the operations, business, Properties, liabilities (actual or contingent), or condition (financial or
otherwise) of the Loan Parties and their Subsidiaries, taken as a whole; (b) the ability of any Loan Party to perform its
obligations under any Loan Document to which it is a party; (c) the legality, validity, binding effect or enforceability
against any Loan Party of any Loan Document to which it is a party; or (d) the rights, remedies and benefits available to, or
conferred upon, Administrative Agent or any Secured Party under any Loan Documents.

 

    CREDIT AGREEMENT – Page 32

     

    

 

“Maturity Date”
means February 8, 2024, or such earlier date on which the Commitment of each Lender terminates as provided in this Agreement.

 

“Maximum Rate”
means, at all times, the maximum rate of interest which may be charged, contracted for, taken, received or reserved by Lenders in accordance
with applicable Law. The Maximum Rate shall be calculated in a manner that takes into account any and all fees, payments, and other charges
in respect of the Loan Documents that constitute interest under applicable Law. Each change in any interest rate provided for herein based
upon the Maximum Rate resulting from a change in the Maximum Rate shall take effect without notice to any Borrower at the time of such
change in the Maximum Rate.

 

“Minimum Collateral
Amount” means, at any time, (a) with respect to Cash Collateral consisting of cash or deposit account balances provided
to reduce or eliminate Fronting Exposure during the time that a Defaulting Lender exists, an amount equal to 103% of the Fronting Exposure
of L/C Issuer with respect to Letters of Credit issued and outstanding at such time, (b) with respect to Cash Collateral consisting
of cash or deposit account balances provided in accordance with the provisions of Section 2.7(a)(i), (a)(ii)
or (a)(iii), an amount equal to 103% of the Outstanding Amount of all L/C Obligations, and (c) otherwise, an amount
determined by Administrative Agent and L/C Issuer in their sole discretion.

 

“Multiemployer
Plan” means a multiemployer plan defined as such in Section 3(37) of ERISA to which contributions are being
made or have been made by, or for which there is an obligation to make contributions by or there is any liability, contingent or otherwise,
with respect to an Loan Party or any ERISA Affiliate and which is covered by Title IV of ERISA.

 

“Net Cash Proceeds”
means:

 

(a)              
with respect to any Disposition by any Loan Party or any of its Subsidiaries the excess, if any, of (i) the sum of cash and cash
equivalents received in connection with such transaction (including any cash or cash equivalents received by way of deferred payment pursuant
to, or by monetization of, a note receivable or otherwise, but only as and when so received), over (ii) the sum of (A) the principal amount
of any Debt that is secured by the applicable asset and that is required to be repaid in connection with such transaction (other than
Debt under the Loan Documents), (B) the reasonable out-of-pocket expenses incurred by such Loan Party or such Subsidiary in connection
with such transaction including legal, accounting, investment banking and other professional fees and (C) taxes paid or reasonably estimated
to be payable within two years of the date of the relevant transaction as a result of any gain recognized in connection therewith; provided
that, if (1) reserves established pursuant to subclause (A) exceeds the actual purchase price adjustment required to be
paid in connection with such transactions, or (2) the amount of any estimated taxes pursuant to subclause (C) exceeds the
amount of taxes actually required to be paid in cash in respect of such Disposition, in each case, the aggregate amount of such excess
shall constitute Net Cash Proceeds.

 

    CREDIT AGREEMENT – Page 33

     

    

 

(b)              
 with respect to the sale or issuance of any Equity Interests by any Loan Party or any of its Subsidiaries, or the incurrence or
issuance of any Debt by any Loan Party or any of its Subsidiaries, the excess of (i) the sum of the cash and cash equivalents received
in connection with such transaction over (ii) the underwriting discounts and commissions, and other reasonable and customary out-of-pocket
expenses, incurred by such Loan Party or such Subsidiary in connection therewith.

 

“Net Income”
means, for any Person for any period, the net income (or loss) of such Person and its Subsidiaries on a consolidated basis as determined
in accordance with GAAP; provided that Net Income shall exclude (a) the net income of any Subsidiary of such Person during
such period to the extent that the declaration or payment of dividends or similar distributions by such Subsidiary of such income is not
permitted by operation of the terms of its Constituent Documents or any agreement, instrument or Law applicable to such Subsidiary during
such period, except that such Person’s equity in any net loss of any such Subsidiary for such period shall be included in determining
Net Income, and (b) any income (or loss) for such period of any other Person if such other Person is not a Subsidiary, except that
Company’s equity in the net income of such Person for such period shall be included in Net Income up to the aggregate amount of
cash actually distributed by such Person during such period to Company or a Subsidiary as a dividend or other distribution (and in the
case of a dividend or other distribution to such Subsidiary, such Subsidiary is not precluded from further distributing such amount to
Company as described in clause (a) of this proviso).

 

“Net Invoice Costs”
means “hard costs” (i.e. the net invoice cost of Inventory excluding taxes, shipping, delivery, handling, installation, set-up
costs or other soft costs) of any Inventory.

 

“Net Orderly Liquidation
Value” means, with respect to Inventory of any Person, the orderly liquidation value thereof, expressed as a percentage
of net book value, as determined in a manner acceptable to Administrative Agent by an appraiser acceptable to Administrative Agent, net
of all costs of liquidation thereof.

 

“New Generator
Units” means Generator Unites, whether held or deployed by the Borrowers in the ordinary course of business, and which are
not included in the most recent appraisal ordered, received and relied upon by Administrative Agent pursuant to Section 6.6(c).

 

“Non-Consenting
Lender” means any Lender that does not approve any consent, waiver or amendment that (a) requires the approval of all
or all affected Lenders in accordance with the terms of Section 11.10 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-Investment
Grade Account Debtor” means any account debtor which is not an Investment Grade Account Debtor.

 

“Notes”
means a promissory note made by Borrowers in favor of a Lender evidencing Revolving Credit Loans or Swing Line Loans, as the case may
be, made by such Lender, substantially in the form of Exhibit E.

 

    CREDIT AGREEMENT – Page 34

     

    

 

“Obligations”
means all obligations, indebtedness, and liabilities of Borrowers and each other Loan Party to Administrative Agent, each Lender and each
other Secured Party now existing or hereafter arising, whether direct, indirect, related, unrelated, fixed, contingent, liquidated, unliquidated,
joint, several, or joint and several, arising under or pursuant to this Agreement, any Bank Product Agreements or the other Loan Documents,
and all interest accruing thereon (whether a claim for post-filing or post-petition interest is allowed in any bankruptcy, insolvency,
reorganization or similar proceeding) and all attorneys’ fees and other expenses incurred in the enforcement or collection thereof
and Erroneous Payment Subrogation Rights; provided that, as to any Loan Party, the “Obligations” shall exclude any
Excluded Swap Obligations of such Loan Party.

 

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

 

“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 Guaranties”
has the meaning set forth in Section 12.11.

 

“Other Guarantors”
has the meaning set forth in Section 12.11.

 

“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 3.6).

 

“Outstanding Amount”
means (a) with respect to the Revolving Credit Loans and the Swing Line Loans on any date, the aggregate outstanding principal amount
thereof after giving effect to any borrowings and prepayments or repayments of Revolving Credit Loans and Swing Line Loans, as the case
may be, 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 Borrowers of Unreimbursed Amounts.

 

“Parent”
means, as of the Specified Contribution Effective Date, FlexEnergy Green Solutions, Inc., a Delaware corporation.

 

“Parent Pledge
Agreement” means that certain Pledge and Limited Guaranty Agreement (including any and all supplements thereto), dated
as of the Specified Contribution Effective Date, among Parent and Administrative Agent, for the benefit of Administrative Agent and the
other Secured Parties, as the same may be amended, restated, supplemented or otherwise modified from time to time.

 

    CREDIT AGREEMENT – Page 35

     

    

 

“Participant”
means any Person (other than (a) a natural Person, (b) a holding company, investment vehicle or trust for, or owned and operated for the
primary benefit of, a natural Person, (c) a Defaulting Lender, or (d) Parent, any of Parent’s Affiliates, any Subsidiaries of Parent
or any other Loan Party) to which a participation is sold by any Lender in all or a portion of such Lender’s rights and/or obligations
under this Agreement (including all or a portion of its Commitment and/or the Loans owing to it).

 

“Participant Register”
means a register in the United States on which each Lender that sells a participation 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.

 

“Patriot Act”
means the Uniting and Strengthening America by Providing Appropriate Tools to Intercept and Obstruct Terrorism Act of 2001 (Title III
of Pub. L. 107-56, signed into law October 26, 2001).

 

“Payment Conditions”
means, with respect to any Restricted Payment made pursuant to Section 7.4(e):

 

(a)       no
Default or Event of Default shall have occurred and be continuing on the date of such Restricted Payment or would result after giving
effect to such Restricted Payment;

 

(b)       solely
with respect to any Restricted Payment made pursuant to Section 7.4(e), (i) after giving effect to and at all times during
the ninety (90) consecutive day period immediately prior to such Restricted Payment, Availability shall be greater than or equal to $6,500,000;
and (ii) the Fixed Charge Coverage Ratio for Company and its Subsidiaries for the most recently ended fiscal quarter calculated on a pro
forma basis, after giving effect to such Restricted Payment shall be greater than 1.25 to 1.00; and

 

(c)       Administrative
Agent shall have received a certificate of a Responsible Officer of the Borrower Representative demonstrating satisfaction of the foregoing
conditions concurrently with any such Restricted Payment.

 

“Payment Date”
means (a) in respect of each Base Rate Loan, the first day of each and every calendar month during the term of this Agreement, upon
prepayment of such Loan and the Maturity Date, and (b) in respect of each Eurodollar Rate Loan, the last day of each Interest Period
applicable to such Eurodollar Rate Loan (or the day that is three (3) months after the first day of such Interest Period if such Interest
Period has a length of more than three (3) months) and the Maturity Date.

 

“PBGC”
means the Pension Benefit Guaranty Corporation or any entity succeeding to all or any of its functions under ERISA.

 

“Perfection
Certificate” means, collectively, (a) that certain Perfection Certificate dated as of the Closing Date, executed by
the Loan Parties at such time and addressed to Administrative Agent and (b) any other perfection certificate from time to time
delivered to Administrative Agent, executed by the Loan Parties, in each case in form and substance reasonably satisfactory to
Administrative Agent.

 

    CREDIT AGREEMENT – Page 36

     

    

 

“Permitted Discretion”
means a determination made in good faith and in the exercise of reasonable (from the perspective of a secured asset-based lender) business
judgment.

 

“Permitted Holders”
means, collectively, RNS Flex, LLC, ESS Participation Fund II, L.P., Energy Special Situations Fund II, L.P., Intervale Capital Fund III,
L.P. and Intervale Capital Co-Investment Fund III, L.P.

 

“Permitted Liens”
means those Liens permitted by Section 7.2.

 

“Permitted Tax
Distributions” means, for any taxable period after the Fifth Amendment Effective Date during which time the Company is either
a pass-through entity or a member of a consolidated tax group of which Parent is a member for federal income tax purposes, any Restricted
Payment to Parent to permit Parent to pay federal income taxes and all relevant state and local income taxes in an amount not to exceed
the lesser of (a) the amount of such taxes that Parent is required to pay to a Governmental Authority and (b) the amount of federal income
taxes and all relevant state and local income taxes that the Borrowers and their Subsidiaries would have paid had the Borrowers and such
Subsidiaries been a stand-alone corporate taxpayer or a stand-alone corporate group, taking into account any such income taxes directly
paid or withheld at the level of any Borrower or such Subsidiary.

 

“Person”
means any natural person, corporation, limited liability company, trust, association, company, partnership, joint venture, Governmental
Authority, or other entity, and shall include such Person’s heirs, administrators, personal representatives, executors, successors
and assigns.

 

“Plan”
means any employee benefit or other plan, other than a Multiemployer Plan, established or maintained by, or for which there is an obligation
to make contributions by or there is any liability, contingent or otherwise with respect to a Borrower or any ERISA Affiliate and which
is covered by Title IV of ERISA or subject to Section 412 of the Code.

 

“Platform”
means Debt Domain, Intralinks, Syndtrak or a substantially similar electronic transmission system.

 

“PPSA”
means the Personal Property Security Act (Alberta) and the regulations thereunder, as from time to time in effect, provided, however,
if attachment, perfection or priority of the Administrative Agent’s security interests in any Collateral are governed by the personal
property security laws of any jurisdiction in Canada other than Alberta, PPSA shall mean those personal property security laws in such
other jurisdiction for the purposes of the provisions hereof relating to such attachment, perfection or priority and for the definitions
related to such provisions.

 

“Prime
Rate” means the rate of interest per annum publicly announced from time to time by Texas Capital Bank as its prime
rate in effect at its Principal Office; each change in the Prime Rate shall be effective from and including the date such change is
publicly announced as being effective. Such rate is set by Texas Capital Bank as a general reference rate of interest, taking into
account such factors as Texas Capital Bank may deem appropriate; it being understood that many of Texas Capital Bank’s
commercial or other loans are priced in relation to such rate, that it is not necessarily the lowest or best rate actually charged
to any customer and that Texas Capital Bank may make various commercial or other loans at rates of interest having no relationship
to such rate.

 

    CREDIT AGREEMENT – Page 37

     

    

 

“Principal Office”
means the principal office of Administrative Agent, presently located at the address set forth on Schedule 11.11.

 

“Prohibited Transaction”
means any transaction set forth in Section 406 of ERISA or Section 4975 of the Code.

 

“Property”
of a Person means any and all property, whether real, personal, tangible, intangible or mixed, of such Person, or any other assets owned,
operated or leased by such Person.

 

“Public Lenders”
has the meaning set forth in Section 11.11(e).

 

“QFC”
has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C.
5390(c)(8)(D).

 

“QFC Credit Support”
has the meaning set forth in Section 11.31.

 

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

 

“Qualified IPO”
means the issuance by the Parent of its common shares in an underwritten primary public offering (other than a public offering pursuant
to a registration statement on Form S-1, Form S-8 or comparable filing in any other applicable jurisdiction) pursuant to an effective
registration statement filed with the SEC or any other comparable Governmental Authority in any other applicable jurisdiction (whether
alone or in connection with a secondary public offering) (a) generating (individually or in the aggregate together with any prior initial
public offering) gross proceeds exceeding $15,000,000 and (b) occurring on or prior to January 31, 2022.

 

“Qualified IPO
Expenses” means expenses actually incurred by either (a) prior to the consummation of the Qualified IPO, the Ultimate Parent
or (b) on or after the consummation of the Qualified IPO, the Parent that are, in either case, allocable to the Company in connection
with the Qualified IPO from the period commencing on July 9, 2020 through and including February 28, 2022.

 

“Receipts”
has the meaning set forth in Section 2.12(a).

 

“Recipient”
means Administrative Agent, L/C Issuer, Swing Line Lender, or any Lender, as applicable.

 

    CREDIT AGREEMENT – Page 38

     

    

 

“Reference Time”
means, with respect to any setting of the then-current Benchmark, (a) if such Benchmark is USD LIBOR, 11:00 a.m. (London time) on the
day that is two London banking days preceding the date of such setting, and (b) if such Benchmark is not USD LIBOR, the time determined
by the Administrative Agent in its reasonable discretion.

 

“Register”
means a register for the recordation of the names and addresses of Lenders, and the Commitments of, and principal amounts of and stated
interest on the Loans owing to, each Lender pursuant to the terms hereof from time to time.

 

“Related Indebtedness”
means any and all indebtedness paid or payable by any Borrower or any other Loan Party to Administrative Agent or any Lender pursuant
to any Loan Document other than any Note.

 

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

 

“Release”
means, as to any Person, any release, spill, emission, leaking, pumping, injection, deposit, disposal, disbursement, leaching, or migration
of Hazardous Materials into the indoor or outdoor environment or into or out of Property owned by such Person, including, without limitation,
the movement of Hazardous Materials through or in the air, soil, surface water, ground water, or Property.

 

“Release Date”
means the last to occur of the dates on which Liens securing the Obligations may be released pursuant to Section 10.9(a)(i)(x).

 

“Relevant Governmental
Body” means the Board of Governors or the Federal Reserve Bank of New York, or a committee officially endorsed or convened
by the Board of Governors or the Federal Reserve Bank of New York, or any successor thereto.

 

“Remedial Action”
means all actions required to (a) clean up, remove, treat, or otherwise address Hazardous Materials in the indoor or outdoor environment,
(b) prevent the Release or threat of Release or minimize the further Release of Hazardous Materials so that they do not migrate or
endanger or threaten to endanger public health or welfare or the indoor or outdoor environment, or (c) perform pre-remedial studies
and investigations and post-remedial monitoring and care.

 

“Removal Effective
Date” has the meaning set forth in Section 10.6(b).

 

“Rent Reserve”
means, with respect to any facility, warehouse distribution center, regional distribution center or depot where any Inventory subject
to Liens arising by operation of law is located and with respect to which no Collateral Access Agreement is in effect, a reserve equal
to (a) in the case of any leased location, all rent, charges and fees scheduled or customarily falling due for payment during a three
(3) month period at such facility, warehouse distribution center, regional distribution center or depot where any Inventory (including
any Generator Units and Field Units) are stored or located, and (b) in the case of any other location, an amount determined by Administrative
Agent in its sole discretion in respect of liabilities owed to the applicable consignee, bailee, processor or warehouseman.

 

    CREDIT AGREEMENT – Page 39

     

    

 

“Replacement Rate”
has the meaning set forth in Section 3.3(b).

 

“Reportable Event”
means any of the events set forth in Section 4043 of ERISA.

 

“Required Lenders”
means, as of any date of determination, Lenders holding more than 66 2/3% of the sum of the (a) the Revolving Credit Exposure of
all Lenders (with the aggregate amount of each Lender’s risk participation and funded participation in L/C Obligations and Swing
Line Loans being deemed “held” by such Lender for purposes of this definition) and (b) aggregate unused Commitments;
provided that, if one Lender holds more than 66 2/3% but less than 100% of the sum of the Revolving Credit Exposure and the unused
Commitments at such time, subject to the last sentence of Section 11.10, Required Lenders shall be at least two Lenders.
The unused Commitment of, and the portion of the Revolving Credit Exposure of all Lenders held or deemed held by, any Defaulting Lender
shall be excluded for purposes of making a determination of Required Lenders.

 

“Resignation Effective
Date” has the meaning set forth in Section 10.6(a).

 

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

 

“Responsible Officer”
means the chief executive officer, president, chief financial officer, vice president, vice president of finance or treasurer of a Loan
Party (or the chief executive officer, president, chief financial officer, vice president, vice president of finance or treasurer of the
general partner or managing member of a Loan Party, as applicable); solely for purposes of the delivery of incumbency certificates pursuant
to Section 4.1, the secretary or assistant secretary of a Loan Party (or the secretary or any assistant secretary of the
general partner or managing member of a Loan Party, as applicable) or any Person designated by a Responsible Officer to act on behalf
of a Responsible Officer; provided that such designated Person may not designate any other Person to be a Responsible Officer.
Any document delivered hereunder that is signed by a Responsible Officer of an Loan Party shall be conclusively presumed to have been
authorized by all necessary corporate, partnership and/or other action on the part of such Person and such Responsible Officer shall be
conclusively presumed to have acted on behalf of such Loan Party.

 

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

 

“Revolving Credit
Borrowing” means a borrowing consisting of simultaneous Revolving Credit 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 2.1(a).

 

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

 

    CREDIT AGREEMENT – Page 40

     

    

 

“Revolving Credit
Facility” means, at any time, the aggregate amount of the Lenders’ Commitments at such time.

 

“Revolving Credit
Loan” has the meaning set forth in Section 2.1(a).

 

“RICO”
means the Racketeer Influenced and Corrupt Organization Act of 1970.

 

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

 

“Sanctioned Person”
means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by OFAC, the U.S. Department
of State or by the United Nations Security Council, the European Union, any European Union member state or Her Majesty’s Treasury
of the United Kingdom, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person controlled by any such
Person or Persons, in each case, to the extent dealings are prohibited or restricted with such Person under Sanctions.

 

“Sanctions”
means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by the U.S. government (including
those administered by OFAC or the U.S. Department of State), the Canadian government (including those administered by the Department of
Foreign Affairs, Trade and Development and Public Safety Canada), the United Nations Security Council, the European Union, any European
Union member state or Her Majesty’s Treasury of the United Kingdom, or other relevant sanctions authority.

 

“SEC”
means the Securities and Exchange Commission or any successor Governmental Authority.

 

“Second Amendment”
means that certain Second Amendment to Credit Agreement dated as of August 28, 2020, by and among the Company, the other Borrowers and
the other Loan Parties party thereto, the Administrative Agent and the Lenders party thereto.

 

“Secured Parties”
means the collective reference to Administrative Agent, each Lender, L/C Issuer, Swing Line Lender, each Bank Product Provider, and any
other Person the Obligations owing to which are, or are purported to be, secured by the Collateral under the terms of the Security Documents.

 

“Security Agreements”
means, collectively, (a) the U.S. Security Agreement and (b) the Canadian Security Agreement.

 

“Security Documents”
means (a) the Security Agreements, (b) the Control Agreements, (c) the Parent Pledge Agreement and (d) every mortgage, security agreement,
pledge agreement, mortgage, deed of trust, control agreement or other collateral security agreement required by or delivered to Administrative
Agent from time to time that purport to create a Lien in favor of any of the Secured Parties to secure payment or performance of the Obligations
or any portion thereof.

 

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

 

    CREDIT AGREEMENT – Page 41

     

    

 

“SOFR”
means, with respect to any Business Day, a rate per annum equal to the secured overnight financing rate for such Business Day published
by the SOFR Administrator on the SOFR Administrator’s Website at approximately 8:00 a.m. (New York City time) on the immediately
succeeding Business Day.

 

“SOFR Administrator”
means the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate).

 

“SOFR Administrator’s
Website” means the website of the Federal Reserve Bank of New York, currently at http://www.newyorkfed.org, or any successor
source for the secured overnight financing rate identified as such by the SOFR Administrator from time to time.

 

“Specified Contribution
Effective Date” has the meaning set forth in the Fifth Amendment.

 

“Specified EBITDA
Equity Contribution” means any direct or indirect investment in the Company to cure a breach of Section 8.1
or Section 8.2 pursuant to Section 9.3 (and designated in writing at or about the time made as being
a Specified EBITDA Equity Contribution) in cash in the form of a capital contribution (including the purchase of common Equity Interests
issued by Company), directly or indirectly, to Company or the purchase of common Equity Interests issued by Parent (or other Equity Interests
issued by Parent and reasonably acceptable to Administrative Agent, but not Disqualified Equity Interests) and the proceeds thereof distributed
to Company.

 

“Statutory Reserve
Rate” means a fraction (expressed as a decimal), the numerator of which is the number one (1) and the denominator of which
is the number one (1) minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental
reserves) expressed as a decimal established by the Board of Governors to which Administrative Agent is subject with respect to the Eurodollar
Rate, for eurocurrency funding (currently referred to as “Eurocurrency liabilities” in Regulation D of the Board of Governors).
Such reserve percentages shall include those imposed pursuant to such Regulation D. Eurodollar Rate Loans shall be deemed to constitute
eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets
that may be available from time to time to any Lender under such Regulation D or any comparable regulation. The Statutory Reserve Rate
shall be adjusted automatically on and as of the effective date of any change in any reserve percentage.

 

“Subsidiary”
of a Person means a corporation, partnership, joint venture, limited liability company or other business entity of which a majority of
the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other
than securities or interests having such power only by reason of the happening of a contingency) are at the time beneficially owned, or
the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both, by such Person.
Unless otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary
or Subsidiaries of Company.

 

“Supported QFC”
has the meaning set forth in Section 11.31.

 

“Sureties”
has the meaning set forth in Section 12.3(b).

 

    CREDIT AGREEMENT – Page 42

     

    

 

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

 

“Swing Line Borrowing”
means a borrowing of a Swing Line Loan pursuant to Section 2.3.

 

“Swing Line Lender”
means Texas Capital Bank in its capacity as provider of Swing Line Loans, or any successor swing line lender hereunder.

 

“Swing Line Loan”
has the meaning set forth in Section 2.3(a).

 

“Swing Line Loan
Request” means a writing, substantially in the form of Exhibit F, or in such other form agreed to by the Borrower
Representative and Administrative Agent, properly completed and signed by the Borrower Representative, requesting a Swing Line Borrowing.

 

“Swing Line Sublimit”
means an amount equal to the greater of (a) $5,000,000 and (b) 10% the aggregate Commitments in effect at any time. The Swing Line Sublimit
is part of, and not in addition to, the Commitments.

 

“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.

 

“Tax Return”
means any return (including any information report), report, statement, schedule, notice, form, or other document or information filed
with or submitted to, or required to be filed with or submitted to, any Governmental Authority in connection with the determination, assessment,
collection, or payment of any Tax or in connection with the administration, implementation, or enforcement of any Tax.

 

“Term SOFR”
means, for the applicable Corresponding Tenor as of the applicable Reference Time, the forward-looking term rate based on SOFR that has
been selected or recommended by the Relevant Governmental Body.

 

“Texas Capital
Bank” means Texas Capital Bank, a Texas state-chartered bank, and its successors and assigns.

 

“Third Amendment”
means that certain Third Amendment to Credit Agreement dated as of the Third Amendment Effective Date, by and among the Company, Canadian
Borrower, the other Borrowers and the other Loan Parties party thereto, the Administrative Agent and the Lenders party thereto.

 

“Third Amendment Effective
Date” means December 22, 2020.

 

“Trigger
Period” means any period commencing on the first date on which (a) an Event of Default has occurred and is continuing
or (b) Availability plus the amount, if any, by which the Borrowing Base on such date exceeds the aggregate Commitments of the
Lenders then in effect, is less than the greater of (i) $3,500,000 and (ii) 10% of the aggregate Commitments then in effect, and
continuing until the date upon which both (A) Availability (and solely to the extent such Trigger Period commenced only as a result
of an event under subclause (b) above, plus the amount, if any, by which the Borrowing Base on such date exceeds the
aggregate Commitments of the Lenders then in effect) has been equal to or greater than the greater of (x) $3,500,000 and (y) 10% of
the aggregate Commitments then in effect, in each case, at all times during the preceding sixty (60) consecutive day period, and (B)
no Event of Default has occurred and is continuing during such sixty (60) consecutive day period.

 

    CREDIT AGREEMENT – Page 43

     

    

 

“Type”
means, with respect to a Loan, refers to whether such Loan is a Base Rate Loan or a Eurodollar Rate Loan, and, with respect to a Borrowing,
refers to whether such Borrowing is a Base Rate Borrowing or a Eurodollar Rate Borrowing.

 

“UCC”
means Chapters 1 through 11 of the Texas Business and Commerce Code.

 

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

 

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

 

“Ultimate Parent”
means FlexEnergy Power Solutions, LLC, a Delaware limited liability company.

 

“Unadjusted Benchmark
Replacement” means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.

 

“Unfinanced Capital
Expenditures” means, for any date of determination, Capital Expenditures of Company and its Subsidiaries made during the
trailing twelve (12) fiscal month period then ending on such date which are not financed from the proceeds of any Debt (other than the
Revolving Credit Loans); provided that, only twenty percent (20%) of the portion of Capital Expenditures made during such period
financed from the proceeds of Revolving Credit Loans which were exclusively used to acquire or construct any New Generator Units after
January 31, 2019 shall be deemed to be Unfinanced Capital Expenditures; provided, further that in no event shall the amount of Unfinanced
Capital Expenditures for any period be less than zero.

 

“Unfunded Pension
Liability” means the excess, if any, of (a) the funding target as defined under Section 430(d) of the Code
without regard to the special at-risk rules of Section 430(i) of the Code, over (b) the value of plan assets as defined under
Section 430(g)(3)(A) of the Code determined as of the last day of each plan year, without regard to the averaging which may
be allowed under Section 430(g)(3)(B) of the Code and reduced for any prefunding balance or funding standard carryover balance
as defined and provided for in Section 430(f) of the Code.

 

“Unreimbursed
Amount” has the meaning set forth in Section 2.2(c)(i).

 

    CREDIT AGREEMENT – Page 44

     

    

 

“U.S.”
or “United States” means the United States of America.

 

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

 

“U.S. Security
Agreement” means that certain Pledge and Security Agreement (including any and all supplements thereto), dated as of the
Closing Date, among the Loan Parties (other than Canadian Borrower) and Administrative Agent, for the benefit of Administrative Agent
and the other Secured Parties, and any other pledge or security agreement entered into, after the date of this Agreement by any other
Loan Party (as required by this Agreement or any other Loan Document, but excluding Canadian Borrower) or any other Person (other than
Canadian Borrower) for the benefit of Administrative Agent and the other Secured Parties, as the same may be amended, restated, supplemented
or otherwise modified from time to time

 

“U.S. Special
Resolution Regimes” has the meaning set forth in Section 11.31.

 

“U.S. Tax Compliance
Certificate” has the meaning specified in Section 3.4(g)(ii)(B)(3).

 

“USD LIBOR”
means the London interbank offered rate for Dollars.

 

“Voting Shares”
means capital stock of any class of any corporation which carries voting rights to elect the board of directors thereof under any circumstances,
provided that, for purposes hereof, shares which carry the right to so vote conditionally upon the happening of an event shall not be
considered Voting Shares until the occurrence of such event.

 

“Withholding Agent”
means each of the Loan Parties and Administrative Agent.

 

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

 

Section 1.2           
Accounting Matters.

 

(a)               Generally.
All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data
(including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared
in conformity with, GAAP applied on a consistent basis, as in effect from time to time, applied in a manner consistent with that
used in preparing the audited financial statements described in Section 5.2, except as otherwise specifically
prescribed herein. Notwithstanding the foregoing or anything to the contrary herein, (i) for purposes of determining compliance with
any covenant (including the computation of any Financial Covenant) contained herein, Debt of Company and its Subsidiaries shall be
deemed to be carried at 100% of the outstanding principal amount thereof, and the effects of FASB ASC 825 on financial liabilities
shall be disregarded and (ii) any lease that is treated as an operating lease for purposes of GAAP as of December 15, 2018 shall
continue to be treated as an operating lease (and any future lease, if it were in effect on December 15, 2018, that would be treated
as an operating lease for purposes of GAAP as of December 15, 2018 shall be treated as an operating lease), in each case for
purposes of this Agreement, notwithstanding any change in GAAP after December 15, 2018.

 

    CREDIT AGREEMENT – Page 45

     

    

 

(b)              
Changes in GAAP. If at any time any change in GAAP would affect the computation of any financial ratio or requirement set
forth herein, and either the Borrower Representative or the Required Lenders shall so request, Administrative Agent, Lenders and the Borrower
Representative shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such
change in GAAP (subject to the approval of the Required Lenders); provided that, until so amended, (i) such ratio or requirement
shall continue to be computed in accordance with GAAP prior to such change therein and (ii) the Borrower Representative shall provide
to Administrative Agent and 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.

 

Section 1.3           
ERISA Matters. If, after the date hereof, there shall occur, with respect to ERISA, the adoption of any applicable
Law, rule, or regulation, or any change therein, or any change in the interpretation or administration thereof by the PBGC or any other
Governmental Authority, then either the Borrower Representative or Required Lenders may request a modification to this Agreement solely
to preserve the original intent of this Agreement with respect to the provisions hereof applicable to ERISA, and the parties to this
Agreement shall negotiate in good faith to complete such modification.

 

Section 1.4           
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.

 

Section 1.5           
Other Definitional Provisions. All definitions contained in this Agreement are equally applicable to the singular
and plural forms of the terms defined. The words “hereof”, “herein”, and “hereunder” and words of
similar import referring to this Agreement refer to this Agreement as a whole and not to any particular provision of this Agreement.
Unless otherwise specified, 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. Terms used herein that
are defined in the UCC or the PPSA, as applicable, unless otherwise defined herein, shall have the meanings specified in the UCC or the
PPSA, as applicable. Any definition of or reference to any agreement, instrument or other 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). 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. Words denoting
gender shall be construed to include the masculine, feminine and neuter, when such construction is appropriate; specific enumeration
shall not exclude the general but shall be constructed as cumulative; the word “or” is not exclusive; the word
 “including” (in its various forms) means “including, without limitation”; in the
computation of periods of time, the word “from” means “from and including” and the
words “to” and “until” mean “to but excluding”; and all
references to money refer to the legal currency of the U.S.

 

    CREDIT AGREEMENT – Page 46

     

    

 

Section 1.6           
Interpretative Provision. For purposes of Section 9.1, a breach of a Financial Covenant shall
be deemed to have occurred as of any date of determination thereof by Borrowers or the Required Lenders or as of the last date of any
specified measurement period, regardless of when the financial statements or the Compliance Certificate reflecting such breach are delivered
to Administrative Agent.

 

Section 1.7           
Times of Day. Unless otherwise specified, all references herein to times of day shall be references to central
time (daylight or standard, as applicable).

 

Section 1.8           
Other Loan Documents. The other Loan Documents, including the Security Documents, contain representations, warranties,
covenants, defaults and other provisions that are in addition to and not limited by, or a limitation of, similar provisions of this Agreement.
Such provisions in such other Loan Documents may be different or more expansive than similar provisions of this Agreement and neither
such differences nor such more expansive provisions shall be construed as a conflict.

 

Section 1.9           
Divisions. For all purposes under the Loan Documents, in connection with any division or plan of division under
Delaware law (or any comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability
of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred
from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to
have been organized on the first date of its existence by the holders of its Equity Interests at such time.

 

    CREDIT AGREEMENT – Page 47

     

    

 

Section 1.10       
Rates. The interest rate on Eurodollar Rate Loans and Base Rate Loans (when determined by reference to clause
(c) of the definition of Base Rate) is determined by reference to USD LIBOR, which is derived from the London interbank offered rate.
The London interbank offered rate is intended to represent the rate at which contributing banks may obtain short-term borrowings from
each other in the London interbank market. On March 5, 2021, ICE Benchmark Administration (the “IBA”), the
administrator of the London interbank offered rate, and the Financial Conduct Authority (the “FCA”), the regulatory
supervisor of the IBA, announced in public statements (the “Announcements”) that the final publication or representativeness
date for the London interbank offered rate for dollars for: (a) 1-week and 2-month tenor settings will be December 31, 2021 and (b) overnight,
1-month, 3-month, 6-month and 12-month tenor settings will be June 30, 2023. No successor administrator for the IBA was identified in
such Announcements. As a result, it is possible that commencing immediately after such dates, the London interbank offered rate for such
tenors may no longer be available or may no longer be deemed a representative reference rate upon which to determine the interest rate
on Eurodollar Rate Loans or Base Rate Loans (when determined by reference to clause (c) of the definition of Base Rate). There is no
assurance that the dates set forth in the Announcements will not change or that the IBA or the FCA will not take further action that
could impact the availability, composition or characteristics of any London interbank offered rate. Public and private sector industry
initiatives have been and continue, as of the date hereof, to be underway to implement new or alternative reference rates to be used
in place of the London interbank offered rate. In the event that the London interbank offered rate or any other then-current Benchmark
is no longer available or in certain other circumstances set forth in Section 3.3, such Section 3.3 provides
a mechanism for determining an alternative rate of interest. The Administrative Agent will notify the Borrower Representative, pursuant
to Section 3.3, of any change to the reference rate upon which the interest rate on Eurodollar Rate Loans and Base Rate
Loans (when determined by reference to clause (c) of the definition of Base Rate) is based. However, the Administrative Agent does not
warrant or accept any responsibility for, and shall not have any liability with respect to, (i) the continuation of, administration of,
submission of, calculation of or any other matter related to the London interbank offered rate or other rates in the definition of “Eurodollar
Rate” or with respect to any alternative, successor, or replacement rate thereto (including any then-current Benchmark or any Benchmark
Replacement), including whether the composition or characteristics of any such alternative, successor or replacement rate (including
any Benchmark Replacement), as it may or may not be adjusted pursuant to Section 3.3, will be similar to, or produce the
same value or economic equivalence of, USD LIBOR or any other Benchmark, or have the same volume or liquidity as did the London interbank
offered rate or any other Benchmark prior to its discontinuance or unavailability, or (ii) the effect, implementation or composition
of any Benchmark Replacement Conforming Changes. The Administrative Agent and its Affiliates or other related entities may engage in
transactions that affect the calculation of a Benchmark, any alternative, successor or replacement rate (including any Benchmark Replacement)
or any relevant adjustments thereto and such transactions may be adverse to the Borrowers. The Administrative Agent may select information
sources or services in its reasonable discretion to ascertain any Benchmark, any component definition thereof or rates referenced in
the definition thereof, in each case pursuant to the terms of this Agreement, and shall have no liability to the Borrowers, any Lender
or any other person or entity for damages of any kind, including direct or indirect, special, punitive, incidental or consequential damages,
costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any error or calculation of any
such rate (or component thereof) provided by any such information source or service.

 

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

 

    CREDIT AGREEMENT – Page 48

     

    

 

Article 2.

 

THE COMMITMENTS AND CREDIT EXTENSIONS

 

Section 2.1           
The Loans.

 

(a)              
Revolving Credit Borrowings. Subject to the terms and conditions of this Agreement, each Lender severally agrees to make
one or more revolving credit loans (each such loan, a “Revolving Credit Loan”) to Borrowers from time to time
from the Closing Date until the Maturity Date in an aggregate principal amount for such Lender at any time outstanding up to but not exceeding
the amount of such Lender’s Commitment, provided that the Revolving Credit Exposure of all Lenders shall not exceed the lesser
of (i) the aggregate amount of the Commitments of the Lenders and (ii) the Borrowing Base. Subject to the foregoing limitations,
and the other terms and provisions of this Agreement, Borrowers may borrow, repay, and reborrow Revolving Credit Loans hereunder.

 

(b)               Borrowing
Procedure. Each Revolving Credit Borrowing, each conversion of a Borrowing from one Type to the other, and each continuation of
a Eurodollar Rate Borrowing shall be made upon the Borrower Representative’s irrevocable notice to Administrative Agent, which
may be given by telephone. Each such notice must be received by Administrative Agent not later than 11:00 a.m. (i) three (3)
Business Days prior to the requested date of any Borrowing of, conversion to or continuation of a Eurodollar Rate Borrowing or of
any conversion of a Eurodollar Rate Borrowing to a Base Rate Borrowing, and (ii) on the requested date of any Base Rate
Borrowing. Each telephonic notice by the Borrower Representative pursuant to this Section 2.1(b) must be
confirmed promptly by delivery to Administrative Agent of a written Borrowing Request, appropriately completed and signed by a
Responsible Officer of the Borrower Representative. Each Borrowing of, conversion to or continuation of a Eurodollar Rate Borrowing
shall be in a principal amount of $250,000 or a whole multiple of $50,000 in excess thereof. Except as provided in Sections 2.2(c)
and 2.3(c), each Borrowing of or conversion to a Base Rate Borrowing shall be in a principal amount of $250,000 or a
whole multiple of $50,000 in excess thereof; provided that a Base Rate Borrowing may be in an amount equal to Availability.
Each Borrowing Request (whether telephonic or written) shall specify (A) whether the Borrower Representative is requesting a
Revolving Credit Borrowing, a conversion of Borrowings from one Type to the other, or a continuation of Borrowings, (B) the
requested date of the Borrowing, conversion or continuation, as the case may be (which shall be a Business Day), (C) the
principal amount of Borrowings to be borrowed, converted or continued, (D) the Type of Borrowings to be borrowed or to which
existing Borrowings are to be converted, and (E) if applicable, the duration of the Interest Period with respect thereto. If
the Borrower Representative fails to specify a Type of Borrowing in a Borrowing Request or if the Borrower Representative fails to
give a timely notice requesting a conversion or continuation, then the applicable Borrowing shall be made as, or converted to, a
Base Rate Borrowing. Any such automatic conversion to Base Rate Borrowings shall be effective as of the last day of the Interest
Period then in effect with respect to the applicable Eurodollar Rate Borrowing. If the Borrower Representative requests a Borrowing
of, conversion to, or continuation of a Eurodollar Rate Borrowing in any such Borrowing Request, but fails to specify an Interest
Period, it will be deemed to have specified an Interest Period of one (1) month.

 

    CREDIT AGREEMENT – Page 49

     

    

 

 

(c)              Funding.
Following receipt of a Borrowing Request, Administrative Agent shall promptly notify each Lender of the amount of its Applicable Percentage
of the applicable Borrowing, and if no timely notice of a conversion or continuation is provided by the Borrower Representative, Administrative
Agent shall notify each Lender of the details of any automatic conversion to Base Rate Borrowing as described in Section 2.1(b).
In the case of a Revolving Credit Borrowing, each Lender shall make the amount of its Loan available to Administrative Agent in immediately
available funds at Administrative Agent’s Principal Office not later than 1:00 p.m. on the Business Day specified in the applicable
Borrowing Request. Upon satisfaction of the applicable conditions set forth in Section 4.2 (and, if such Borrowing
is the initial Credit Extension, Section 4.1), Administrative Agent shall make all funds so received available to
the applicable Borrower in like funds as received by Administrative Agent either by (i) crediting the account of the applicable
Borrower on the books of Texas Capital Bank 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) Administrative Agent by the Borrower Representative; provided, however,
that if, on the date the Borrowing Request with respect to such Borrowing is given by the Borrower Representative, there are L/C Borrowings
outstanding, then the proceeds of such Borrowing, first, shall be applied to the payment in full of any such L/C Borrowings, and
second, shall be made available to the applicable Borrower as provided above.

 

(d)              Continuations
and Conversions. Except as otherwise provided herein, a Eurodollar Rate Borrowing may be continued or converted only on the last
day of an Interest Period for such Eurodollar Rate Borrowing. During the existence of a Default, (i) no Loans may be requested as,
converted to or continued as Eurodollar Rate Borrowings without the consent of the Required Lenders and (ii) unless repaid, each
Eurodollar Rate Borrowing shall be converted to a Base Rate Borrowing at the end of the Interest Period applicable thereto.

 

(e)              Notifications.
Administrative Agent shall promptly notify the Borrower Representative and Lenders of the interest rate applicable to any Interest Period
for Eurodollar Rate Borrowings upon determination of such interest rate. At any time that Base Rate Borrowings are outstanding, Administrative
Agent shall notify the Borrower Representative and Lenders of any change in Texas Capital Bank’s prime rate used in determining
the Base Rate promptly following the public announcement of such change.

 

(f)               Interest
Periods. After giving effect to all Borrowings, all conversions of Borrowings from one Type to the other, and all continuations of
Borrowings as the same Type, there shall not be more than five (5) Interest Periods in effect with respect to Eurodollar Rate Borrowings.

 

    CREDIT AGREEMENT – Page 50

     

    

 

Section
2.2           
Letters of Credit.

 

(a)           The
Letter of Credit Commitment.

 

(i)                
Subject to the terms and conditions set forth herein, (A) L/C Issuer agrees, in reliance upon the agreements of the Lenders
set forth in this Section 2.2, (1) from time to time on any Business Day during the period from the Closing Date
until the Letter of Credit Expiration Date, to issue Letters of Credit for the account of any Borrower, 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) Lenders severally agree to participate in Letters of Credit issued for the account of any Borrower and
any drawings thereunder; provided that immediately after giving effect to any L/C Credit Extension with respect to any Letter of
Credit, (x) the Revolving Credit Exposure of all Lenders shall not exceed the lesser of (I) the aggregate amount of the Commitments of
the Lenders and (II) the Borrowing Base, in each case in effect at such time, (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 the Borrower Representative for the issuance or amendment of a Letter of Credit shall be deemed to be a representation
by Borrowers 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 Borrower’s ability to obtain Letters of Credit
shall be fully revolving, and accordingly Borrowers may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit
that have expired or that have been drawn upon and reimbursed.

 

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

 

(A)            
subject to Section 2.2(b)(iii), the expiry date of the requested Letter of Credit would occur more than twelve
(12) months after the date of issuance or last extension, unless 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 Lenders have
approved such expiry date.

 

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

 

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

 

    CREDIT AGREEMENT – Page 51

     

    

 

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

 

(C)             
except as otherwise agreed by Administrative Agent and L/C Issuer, the Letter of Credit is in an initial stated amount less than
$50,000;

 

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

 

(E)             
any Lender is at that time a Defaulting Lender, unless L/C Issuer has entered into arrangements, including the delivery of Cash
Collateral, satisfactory to L/C Issuer (in its sole discretion) with Borrowers or such Lender to eliminate L/C Issuer’s actual or
potential Fronting Exposure (after giving effect to Section 11.22(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 L/C Issuer
has actual or potential Fronting Exposure, as it may elect in its sole discretion; or

 

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

 

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

 

(vi)          L/C
Issuer shall act on behalf of Lenders with respect to any Letters of Credit issued by it and the documents associated therewith, and
L/C Issuer shall have all of the benefits and immunities (A) provided to Administrative Agent in Article 10 with
respect to any acts taken or omissions suffered by 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 10 included L/C Issuer with respect to such acts or omissions, and (B) as additionally provided herein
with respect to L/C Issuer.

 

    CREDIT AGREEMENT – Page 52

     

    

 

(b)           Procedures for Issuance and Amendment of Letters of Credit.

 

(i)             Each
Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower Representative delivered to L/C Issuer
(with a copy to Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible
Officer of the Borrower Representative. 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 L/C Issuer, by personal delivery or by any other means acceptable to
L/C Issuer. Such Letter of Credit Application must be received by L/C Issuer and Administrative Agent not later than 11:00 a.m. at least
two (2) Business Days (or such later date and time as Administrative Agent and 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 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 L/C Issuer may require.
In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form
and detail satisfactory to L/C Issuer (1) the Letter of Credit to be amended; (2) the proposed date of amendment thereof (which
shall be a Business Day); (3) the nature of the proposed amendment; and (4) such other matters as L/C Issuer may require. Additionally,
the Borrower Representative shall furnish to L/C Issuer and Administrative Agent such other documents and information pertaining to such
requested Letter of Credit issuance or amendment, including any Issuer Documents, as L/C Issuer or Administrative Agent may require.

 

(ii)            Promptly
after receipt of any Letter of Credit Application, L/C Issuer will confirm with Administrative Agent (by telephone or in writing)
that Administrative Agent has received a copy of such Letter of Credit Application from the Borrower Representative and, if not, L/C
Issuer will provide Administrative Agent with a copy thereof. Unless L/C Issuer has received written notice from Administrative
Agent or any Loan Party, at least one (1) 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 4 shall not then be satisfied, then,
subject to the terms and conditions hereof, L/C Issuer shall, on the requested date, issue a Letter of Credit for the account of the
applicable Borrower or enter into the applicable amendment, as the case may be, in each case in accordance with 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 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.

 

    CREDIT AGREEMENT – Page 53

     

    

 

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

 

(c)           Drawings
and Reimbursements; Funding of Participations.

 

(i)             Upon
receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, L/C Issuer shall notify
the Borrower Representative and Administrative Agent thereof. Not later than 11:00 a.m. on the date of any payment by L/C Issuer under
a Letter of Credit (each such date, an “Honor Date”), Borrowers shall reimburse L/C Issuer through Administrative
Agent in an amount equal to the amount of such drawing. If Borrowers fail to so reimburse L/C Issuer by such time, 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, Borrowers shall be deemed to have requested a Revolving
Credit Borrowing to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, subject to the amount of Availability
and the conditions set forth in Section 4.2 (other than the delivery of a Borrowing Request). Any notice given by
L/C Issuer or Administrative Agent pursuant to this Section 2.2(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 2.2(c)(i) make funds available (and Administrative Agent may apply
Cash Collateral provided for this purpose) for the account of L/C Issuer at Administrative Agent’s Principal 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
Administrative Agent, whereupon, subject to the provisions of Section 2.2(c)(iii), each Lender that so makes
funds available shall be deemed to have made a Revolving Credit Loan (or, if the conditions set forth in Section 4.2 are
not satisfied, an L/C Borrowing as further described in clause (iii) below) to Borrowers in such amount. Administrative
Agent shall remit the funds so received to L/C Issuer.

 

(iii)          With
respect to any Unreimbursed Amount that is not fully refinanced by a Revolving Credit Borrowing because the conditions set forth in Section 4.2
cannot be satisfied or for any other reason, Borrowers shall be deemed to have incurred from 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 Interest Rate. In such event, each Lender’s payment to Administrative Agent for the account
of L/C Issuer pursuant to Section 2.2(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 2.2.

 

    CREDIT AGREEMENT – Page 54

     

    

 

(iv)           Until
each Lender funds its Revolving Credit Loan or L/C Advance pursuant to this Section 2.2(c) to reimburse 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 L/C Issuer.

 

(v)            Each
Lender’s obligation to make Revolving Credit Loans or L/C Advances to reimburse L/C Issuer for amounts drawn under Letters of Credit,
as contemplated by this Section 2.2(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 L/C Issuer, Borrowers
or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default, or (C) any other occurrence,
event or condition, whether or not similar to any of the foregoing; provided, however, that each Lender’s obligation
to make Revolving Credit Loans (but not its obligation to fund it pro rata share of L/C Advances) pursuant to this Section 2.2(c)
is subject to the conditions set forth in Section 4.2 (other than delivery by the Borrower Representative
of a Borrowing Request). No such making of an L/C Advance shall relieve or otherwise impair the obligation of Borrowers to reimburse
L/C Issuer for the amount of any payment made by L/C Issuer under any Letter of Credit, together with interest as provided herein.

 

(vi)           If
any Lender fails to make available to Administrative Agent for the account of L/C Issuer any amount required to be paid by such Lender
pursuant to the foregoing provisions of this Section 2.2(c) by the time specified in Section 2.2(c)(ii),
then, without limiting the other provisions of this Agreement, L/C Issuer shall be entitled to recover from such Lender (acting
through 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 L/C Issuer at a rate per annum equal to the greater of the Federal Funds Rate
and a rate determined by L/C Issuer in accordance with banking industry rules on interbank compensation, plus any administrative, processing
or similar fees customarily charged by 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 Credit Loan included in the relevant Revolving
Credit Borrowing or L/C Advance in respect of the relevant L/C Borrowing, as the case may be. A certificate of L/C Issuer submitted to
any Lender (through Administrative Agent) with respect to any amounts owing under this clause (vi) shall be conclusive
absent manifest error.

 

    CREDIT AGREEMENT – Page 55

     

    

 

(d)           Repayment of Participations.

 

(i)            At
any time after 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 2.2(c), if Administrative Agent receives for the account of
L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from Borrowers or otherwise,
including proceeds of Cash Collateral applied thereto by Administrative Agent), Administrative Agent will distribute to such Lender its
Applicable Percentage thereof in the same funds as those received by Administrative Agent.

 

(ii)           If
any payment received by Administrative Agent for the account of L/C Issuer pursuant to Section 2.2(c)(i) is required
to be returned under any of the circumstances described in Section 11.24 (including pursuant to any settlement entered
into by L/C Issuer in its discretion), each Lender shall pay to Administrative Agent for the account of L/C Issuer its Applicable Percentage
thereof on demand of 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 Lenders under this clause
shall survive the payment in full of the Obligations and the termination of this Agreement.

 

(e)           Obligations
Absolute. The obligation of Borrowers to reimburse 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 Borrower or any Subsidiary may have at any time against
any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be
acting), 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 L/C Issuer of any requirement that exists for L/C Issuer’s protection and not the protection of a Borrower or any waiver by
L/C Issuer which does not in fact materially prejudice such Borrower;

 

    CREDIT AGREEMENT – Page 56

     

    

 

(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 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, PPSA
or the ISP, as applicable;

 

(vii)         
any payment by 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 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 Borrower or any Subsidiary.

 

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

 

(f)            Role
of L/C Issuer. Each Lender and each Borrower agree that, in paying any drawing under a Letter of Credit, 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 L/C Issuer, Administrative Agent, any of their respective Related Parties nor any
correspondent, participant or assignee of 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 Required Lenders; (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 Borrower hereby assumes all risks of the acts or omissions of
any beneficiary or transferee with respect to its use of any Letter of Credit; provided, however, that this assumption
is not intended to, and shall not, preclude such Borrower’s pursuing such rights and remedies as it may have against the
beneficiary or transferee at law or under any other agreement. None of L/C Issuer, Administrative Agent, any of their respective
Related Parties nor any correspondent, participant or assignee of L/C Issuer shall be liable or responsible for any of the matters
described in clauses (i) through (viii) of Section 2.2(e); provided, however,
that anything in such clauses to the contrary notwithstanding, each Borrower may have a claim against L/C Issuer, and L/C Issuer may
be liable to such Borrower, to the extent, but only to the extent, of any direct, as opposed to consequential or exemplary, damages
suffered by such Borrower which such Borrower proves were directly caused by L/C Issuer’s willful misconduct or gross
negligence or 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, 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 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.
L/C Issuer may send a Letter of Credit or conduct any communication to or from the beneficiary via the Society for Worldwide
Interbank Financial Telecommunication message or overnight courier, or any other commercially reasonable means of communicating with
a beneficiary.

 

    CREDIT AGREEMENT – Page 57

     

    

 

(g)           Applicability
of ISP; Limitation of Liability. Unless otherwise expressly agreed by L/C Issuer and the applicable Borrower when a Letter of Credit
is issued,  the rules of the ISP shall apply to each standby Letter of Credit. Notwithstanding the foregoing, L/C Issuer shall not
be responsible to any Borrower for, and L/C Issuer’s rights and remedies against such Borrower shall not be impaired by, any action
or inaction of 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 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 or other Issuer Document chooses such Law or practice.

 

(h)           Fronting
Fee and Documentary and Processing Charges Payable to L/C Issuer. Borrowers shall pay directly to L/C Issuer for its own account
a fronting fee at the rate per annum separately agreed between applicable Borrower and L/C Issuer, computed on the daily amount available
to be drawn under such Letter of Credit and payable on a quarterly basis in arrears. Such fronting fee shall be due and payable on the
first 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 1.4. In addition,
Borrowers shall pay directly to L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees,
and other standard costs and charges, of 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.

 

    CREDIT AGREEMENT – Page 58

     

    

 

(i)            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.

 

Section 2.3           Swing
Line Loans.

 

(a)           The
Swing Line. Subject to the terms and conditions set forth herein, Swing Line Lender, in reliance upon the agreements of the other
Lenders set forth in this Section 2.3, may in its sole discretion make loans (each such loan, a “Swing
Line Loan”) to any Borrower from time to time on any Business Day during the period from the Closing Date to the Maturity
Date in an aggregate amount not to exceed at any time outstanding the amount of the Swing Line Sublimit, notwithstanding the fact that
such Swing Line Loans, when aggregated with the Applicable Percentage of the Outstanding Amount of Revolving Credit Loans and L/C Obligations
of the Lender acting as Swing Line Lender, may exceed the amount of such Lender’s Commitment; provided, however,
that (i) immediately after giving effect to any Swing Line Loan, (A) the Revolving Credit Exposure of all Lenders shall not
exceed the lesser of (x) the aggregate amount of the Commitments of the Lenders and (y) the Borrowing Base, in each case in effect at
such time, and (B) except as provided above with respect to the Swing Line Lender, the Revolving Credit Exposure of any Lender shall
not exceed such Lender’s Commitment, (ii) no Borrower shall use the proceeds of any Swing Line Loan to refinance any outstanding
Swing Line Loan, and (iii) Swing Line Lender shall not be under any obligation to make any Swing Line Loan if it shall determine
(which determination shall be in its sole discretion) that it has, or by such Credit Extension may have, Fronting Exposure. Within the
foregoing limits, and subject to the other terms and conditions hereof, each Borrower may borrow under this Section 2.3,
prepay under Section 2.9(b), and reborrow under this Section 2.3. Each Swing Line Loan shall bear
interest as a Base Rate Loan. Immediately upon the making of a Swing Line Loan, each Lender shall be deemed to, and hereby irrevocably
and unconditionally agrees to, purchase from Swing Line Lender a risk participation in such Swing Line Loan in an amount equal to the
product of such Lender’s Applicable Percentage times the amount of such Swing Line Loan.

 

(b)           Borrowing
Procedures. Each Swing Line Borrowing shall be made upon the Borrower Representative’s irrevocable notice to Swing Line
Lender and Administrative Agent, which may be given by telephone. Each such notice must be received by Swing Line Lender and
Administrative Agent not later than 1:00 p.m. on the requested borrowing date, and shall specify (i) the amount to be borrowed,
which shall be a minimum of $100,000, and (ii) the requested borrowing date, which shall be a Business Day. Each such
telephonic notice must be confirmed promptly by delivery to Swing Line Lender and Administrative Agent of a written Swing Line Loan
Request, appropriately completed and signed by a Responsible Officer of the Borrower Representative. Any telephonic request for a
Swing Line Loan by the Borrower Representative shall be promptly confirmed by submission of a properly completed Swing Line Loan
Request, signed by a Responsible Officer of the Borrower Representative, to Swing Line Lender and Administrative Agent, but failure
to deliver a Swing Line Loan Request shall not be a defense to payment of any Swing Line Borrowing. Neither Swing Line Lender nor
Administrative Agent shall have any liability to any Borrower for any loss or damage suffered by such Borrower as a result of Swing
Line Lender’s or Administrative Agent’s honoring of any requests, execution of any instructions, authorizations or
agreements or reliance on any reports communicated to it telephonically, by facsimile or electronically and purporting to have been
sent to Swing Line Lender or Administrative Agent by such Borrower and neither Swing Line Lender nor Administrative Agent shall have
any duty to verify the origin of any such communication or the identity or authority of the Person sending it. Promptly after
receipt by Swing Line Lender of any telephonic Swing Line Loan Request, Swing Line Lender will confirm with Administrative Agent (by
telephone or in writing) that Administrative Agent has also received such Swing Line Loan Request and, if not, Swing Line Lender
will notify Administrative Agent (by telephone or in writing) of the contents thereof. Unless Swing Line Lender has received notice
(by telephone or in writing) from Administrative Agent prior to 2:00 p.m. on the date of the proposed Swing Line Borrowing
(A) directing Swing Line Lender not to make such Swing Line Loan as a result of the limitations set forth in the first proviso
to the first sentence of Section 2.3(a), or (B) that one or more of the applicable conditions specified in Article 4
is not then satisfied, then, subject to the terms and conditions hereof, Swing Line Lender may, not later than 3:00 p.m. on the
borrowing date specified in such Swing Line Loan Request, make the amount of its Swing Line Loan available to the applicable
Borrower at its office by crediting the account of such Borrower on the books of Swing Line Lender in immediately available
funds.

 

    CREDIT AGREEMENT – Page 59

     

    

 

(c)           Refinancing
of Swing Line Loans.

 

(i)            Swing
Line Lender at any time in its sole discretion may request, on behalf of Borrowers (which hereby irrevocably authorize Swing Line Lender
to so request on its behalf), that each Lender make a Revolving Credit Loan in an amount equal to such Lender’s Applicable Percentage
of the amount of Swing Line Loans then outstanding. Such request shall be made in writing (which written request shall be deemed to be
a Borrowing Request for purposes hereof) and in accordance with the requirements of Section 2.1, subject to Availability
and the conditions set forth in Section 4.2. Swing Line Lender shall furnish the Borrower Representative with a copy
of the applicable Borrowing Request promptly after delivering such notice to Administrative Agent. Each Lender shall make an amount equal
to its Applicable Percentage of the amount specified in such Borrowing Request available to Administrative Agent in immediately available
funds (and Administrative Agent may apply Cash Collateral available with respect to the applicable Swing Line Loan) for the account of
Swing Line Lender at Administrative Agent’s Principal Office not later than 1:00 p.m. on the day specified in such Borrowing Request,
whereupon, subject to Section 2.3(c)(ii), each Lender that so makes funds available shall be deemed to have made a
Revolving Credit Loan to Borrowers in such amount. Administrative Agent shall remit the funds so received to Swing Line Lender.

 

(ii)            If
for any reason any Swing Line Loan cannot be refinanced by such a Revolving Credit Borrowing in accordance with Section 2.3(c)(i),
the request for Revolving Credit Loans submitted by Swing Line Lender as set forth herein shall be deemed to be a request by Swing
Line Lender that each Lender fund its risk participation in the relevant Swing Line Loan and each Lender’s payment to
Administrative Agent for the account of Swing Line Lender pursuant to Section 2.3(c)(i) shall be deemed payment
in respect of such participation.

 

    CREDIT AGREEMENT – Page 60

     

    

 

(iii)           If
any Lender fails to make available to Administrative Agent for the account of Swing Line Lender any amount required to be paid by such
Lender pursuant to the foregoing provisions of this Section 2.3(c) by the time specified in Section 2.3(c)(i),
Swing Line Lender shall be entitled to recover from such Lender (acting through 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 Swing Line
Lender at a rate per annum equal to the greater of the Federal Funds Rate and a rate determined by Swing Line Lender in accordance with
banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily charged by Swing Line
Lender in connection with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall
constitute such Lender’s Revolving Credit Loan included in the relevant Revolving Credit Borrowing or funded participation in the
relevant Swing Line Loan, as the case may be. A certificate of Swing Line Lender submitted to any Lender (through Administrative Agent)
with respect to any amounts owing under this clause (iii) shall be conclusive absent manifest error.

 

(iv)           Each
Lender’s obligation to make Revolving Credit Loans or to purchase and fund risk participations in Swing Line Loans pursuant to
this Section 2.3(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 Swing Line Lender, Borrowers or any other
Person for any reason whatsoever, (B) the occurrence or continuance of a Default, or (C) any other occurrence, event or condition,
whether or not similar to any of the foregoing; provided, however, that each Lender’s obligation to make Revolving
Credit Loans pursuant to this Section 2.3(c) is subject to Availability and the conditions set forth in Section 4.2.
No such funding of risk participations shall relieve or otherwise impair the obligation of Borrowers to repay Swing Line Loans, together
with interest as provided herein.

 

(d)           Repayment
of Participations.

 

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

 

(ii)            If
any payment received by Swing Line Lender in respect of principal or interest on any Swing Line Loan is required to be returned by
Swing Line Lender under any of the circumstances described in Section 11.24 (including pursuant to any settlement
entered into by Swing Line Lender in its discretion), each Lender shall pay to Swing Line Lender its Applicable Percentage thereof
on demand of Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned, at a rate
per annum equal to the Federal Funds Rate. Administrative Agent will make such demand upon the request of Swing Line Lender. The
obligations of Lenders under this clause shall survive the payment in full of the Obligations and the termination of
this Agreement.

 

    CREDIT AGREEMENT – Page 61

     

    

 

(e)           Interest
for Account of Swing Line Lender. Swing Line Lender shall be responsible for invoicing Borrowers for interest on the Swing Line Loans.
Until each Lender funds its Revolving Credit Loan or risk participation pursuant to this Section 2.3 to refinance
such Lender’s Applicable Percentage of any Swing Line Loan, interest in respect of such Applicable Percentage shall be solely for
the account of Swing Line Lender.

 

(f)            Payments
to Swing Line Lender or Lenders. Borrowers shall make all payments of principal and interest in respect of the Swing Line Loans to
Administrative Agent for the account of Swing Line Lender or Lenders, as applicable.

 

Section 2.4            Fees.

 

(a)            Fees.
Borrowers agree to pay to Administrative Agent and Arranger, for the account of Administrative Agent, Arranger and each Lender, as applicable,
fees, in the amounts and on the dates set forth in any Fee Letter.

 

(b)           Letter
of Credit Fees. Borrowers shall pay to Administrative Agent for the account of each Lender in accordance, subject to Section 11.22,
with its Applicable Percentage a Letter of Credit fee (the “Letter of Credit Fee”) equal to the Applicable
Margin for Eurodollar Rate Loans 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 1.4. Letter of Credit Fees shall be (i) due and payable in arrears on the first day after the end of
each March, June, September and December, commencing with the first such date to occur after the issuance or renewal 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 Margin for Eurodollar Rate Loans during any quarter, the daily amount available to be drawn under each
standby Letter of Credit shall be computed and multiplied by the Applicable Margin for Eurodollar Rate Loan separately for each period
during such quarter that such Applicable Margin for Eurodollar Rate Loans was in effect. Notwithstanding anything to the contrary contained
herein while any Event of Default exists, all Letter of Credit Fees shall accrue at the Default Interest Rate.

 

(c)           Commitment
Fees. Borrowers agree to pay to Administrative Agent for the account of each Lender in accordance, subject to Section
11.22, with its Applicable Percentage a commitment fee on the daily average unused amount of the Commitment of such Lender
for the period from and including the date of this Agreement to and including the Maturity Date (including at any time during which
one or more of the conditions in Article 4 is not met), at a rate equal to the applicable Commitment Fee Rate.
For the purpose of calculating the commitment fee hereunder, the Commitment of each Lender shall be deemed utilized by the amount of
all outstanding Revolving Credit Loans and L/C Obligations, but excluding the amount of any outstanding Swing Line Loans, owing to
such Lender whether directly or by participation. Accrued commitment fees shall be payable monthly in arrears on the first day of
each and every calendar month during the terms of this Agreement and on the Maturity Date.

 

    CREDIT AGREEMENT – Page 62

     

    

 

Section 2.5           Payments
Generally; Administrative Agent’s Clawback.

 

(a)           General.
All payments of principal, interest, and other amounts to be made by any Borrower under this Agreement and the other Loan Documents shall
be made to Administrative Agent for the account of Administrative Agent, L/C Issuer, or Swing Line Lender or the pro rata accounts of
the applicable Lenders, as applicable, at the Principal Office in Dollars and immediately available funds, without setoff, deduction,
or counterclaim, and free and clear of all taxes at the time and in the manner provided herein. Payments by check or draft shall not
constitute payment in immediately available funds until the required amount is actually received by Administrative Agent in full. Payments
in immediately available funds received by Administrative Agent in the place designated for payment on a Business Day prior to 11:00
a.m. at such place of payment shall be credited prior to the close of business on the Business Day received, while payments received
by Administrative Agent on a day other than a Business Day or after 11:00 a.m. on a Business Day shall not be credited until the next
succeeding Business Day. If any payment of principal or interest on the Notes shall become due and payable on a day other than a Business
Day, then such payment shall be made on the next succeeding Business Day. Any such extension of time for payment shall be included in
computing interest which has accrued and shall be payable in connection with such payment. Administrative Agent is hereby authorized
upon notice to the Borrower Representative to charge the account of Borrowers maintained with Administrative Agent for each payment of
principal, interest and fees as it becomes due hereunder.

 

(b)           Funding
by Lenders; Presumption by Administrative Agent. Unless Administrative Agent shall have received notice from a Lender that such
Lender will not make available to Administrative Agent such Lender’s share of a Borrowing, Administrative Agent may assume
that such Lender has made such share available on such date in accordance with this Agreement and may, in reliance upon such
assumption, make available to Borrowers a corresponding amount. In such event, if a Lender has not in fact made its share of the
applicable Borrowing available to Administrative Agent, then the applicable Lender and Borrowers severally agree to pay to
Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each day from and including the date
such amount is made available to Borrowers to but excluding the date of payment to Administrative Agent, at (i) in the case of
a payment to be made by such Lender, the greater of the Federal Funds Rate and a rate determined by Administrative Agent in
accordance with banking industry rules on interbank compensation, and (ii) in the case of a payment to be made by Borrowers,
the interest rate applicable to the applicable Borrowing. If Borrowers and such Lender shall pay such interest to Administrative
Agent for the same or an overlapping period, Administrative Agent shall promptly remit to Borrowers the amount of such interest paid
by Borrowers for such period. If such Lender pays its share of the applicable Borrowing to Administrative Agent, then the amount so
paid shall constitute such Lender’s Loan. Any payment by Borrowers shall be without prejudice to any claim Borrowers may have
against a Lender that shall have failed to make such payment to Administrative Agent.

 

    CREDIT AGREEMENT – Page 63

     

    

 

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

 

(d)           Cash
Dominion. During any Trigger Period, all funds credited to the Blocked Accounts shall be promptly applied by Administrative Agent
to the Obligations whether or not such Obligations shall have, by its terms, matured, such application to be made to principal or interest
or expenses as Administrative Agent may elect; provided, however, Administrative Agent need not apply or give credit for any item included
in such sums until one Business Day after the final collection thereof; provided, further, however, that Administrative Agent’s
failure to so apply any such sums shall not be a waiver of Administrative Agent’s right to so apply such sums or any other sums
at any time during a Trigger Period. Notwithstanding anything herein to the contrary, to the extent any funds credited to the Blocked
Accounts constitute Net Cash Proceeds (i) from any Disposition not otherwise permitted by Section 7.8 or (ii) from the
incurrence of any Debt not permitted by Section 7.1, the application of such Net Cash Proceeds shall be subject to Section
2.9(c).

 

Section 2.6           Evidence
of Debt.

 

(a)           The
Loans made by Swing Line Lender and each Lender shall be evidenced by one or more accounts or records maintained by Swing Line
Lender or such Lender and by Administrative Agent in the ordinary course of business; provided that such Lender or Administrative
Agent may, in addition, request that such Loans be evidenced by the Notes. The Credit Extensions made by L/C Issuer shall be
evidenced by one or more accounts or records maintained by L/C Issuer and by Administrative Agent in the ordinary course of
business. The accounts or records maintained by Administrative Agent, Swing Line Lender, L/C Issuer, and each Lender shall be
conclusive absent manifest error of the amount of the Credit Extensions made to any 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 any 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 L/C Issuer, Swing Line Lender, or any Lender and the accounts and records of Administrative Agent in respect of such
matters, the accounts and records of Administrative Agent shall control in the absence of manifest error.

 

    CREDIT AGREEMENT – Page 64

     

    

 

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

 

Section 2.7           Cash
Collateral.

 

(a)           Certain
Credit Support Events. If (i) 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) any Borrower shall be required to provide Cash Collateral pursuant to Section 9.2, or (iv) if
there is more than one Lender at such time of determination, there shall exist a Lender that is a Defaulting Lender, Borrowers shall
immediately (in the case of clause (iii) above) or within one (1) Business Day (in all other cases) following any
request by Administrative Agent or 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 Sections
11.22(a)(iv) and 11.22(a)(v) and any Cash Collateral provided by the Defaulting Lender).

 

(b)           Grant
of Security Interest. Each Borrower, and to the extent provided by any Defaulting Lender, such Defaulting Lender, hereby grants to
(and subjects to the control of) Administrative Agent, for the benefit of Administrative Agent, L/C Issuer and Lenders, and agrees to
maintain, a first priority security interest in all such Cash Collateral, 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 2.7(c).
If at any time Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than Administrative
Agent or L/C Issuer as herein provided, or that the total amount of such Cash Collateral is less than the Minimum Collateral Amount,
Borrowers will, promptly upon demand by Administrative Agent, pay or provide to 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 one or more blocked, non-interest bearing deposit accounts at Texas Capital Bank. Borrowers 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 2.7 or Sections 2.2, 9.2
or 11.22 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.

 

    CREDIT AGREEMENT – Page 65

     

    

 

(d)           Release.
Cash Collateral (or the appropriate portion thereof) provided to reduce Fronting Exposure or to secure other obligations shall be released
promptly following (i) the elimination of the applicable Fronting Exposure or other obligations giving rise thereto, including by
the termination of Defaulting Lender status of the applicable Lender (or, as appropriate, its assignee following compliance with Section 11.8(b)(vii))
or (ii) the determination by Administrative Agent and L/C Issuer that there exists excess Cash Collateral; provided, however,
(x) any such release shall be without prejudice to, and any disbursement or other transfer of Cash Collateral shall be and remain
subject to, any other Lien conferred under the Loan Documents and the other applicable provisions of the Loan Documents, and (y) the
Person providing Cash Collateral and L/C Issuer may agree that Cash Collateral shall not be released but instead held to support future
anticipated Fronting Exposure or other obligations.

 

Section 2.8           Interest;
Payment Terms.

 

(a)           Revolving
Credit Loans – Payment of Principal and Interest; Revolving Nature. The unpaid principal amount of each Borrowing of the Revolving
Credit Loans shall, subject to the following sentence and Section 2.8(e), bear interest at the applicable Interest
Rate. If at any time such rate of interest would exceed the Maximum Rate but for the provisions thereof limiting interest to the Maximum
Rate, then any subsequent reduction shall not reduce the rate of interest on the Revolving Credit Loans below the Maximum Rate until
the aggregate amount of interest accrued on the Revolving Credit Loans equals the aggregate amount of interest which would have accrued
on the Revolving Credit Loans if the interest rate had not been limited by the Maximum Rate. All accrued but unpaid interest on the principal
balance of the Revolving Credit Loans shall be payable on each Payment Date and on the Maturity Date, provided that interest accruing
at the Default Interest Rate pursuant to Section 2.8(e) shall be payable on demand. The then Outstanding Amount of
the Revolving Credit Loans and all accrued but unpaid interest thereon shall be due and payable on the Maturity Date. The unpaid principal
balance of the Revolving Credit Loans at any time shall be the total amount advanced hereunder by Lenders less the amount of principal
payments made thereon by or for Borrowers, which balance may be endorsed on the Notes from time to time by Lenders or Swing Line Lender,
as applicable, or otherwise noted in Lenders’, Swing Line Lender’s and/or Administrative Agent’s records, which notations
shall be, absent manifest error, conclusive evidence of the amounts owing hereunder from time to time.

 

(b)           Computation
Period. Interest on the Loans and all other amounts payable by Borrowers hereunder on a per annum basis shall be computed on the
basis of a 360-day year and the actual number of days elapsed (including the first day but excluding the last day) unless such
calculation would result in a usurious rate or to the extent such Loan bears interest based upon the Base Rate, in which case
interest shall be calculated on the basis of a 365-day year or 366-day year, as the case may be. In computing the number of days
during which interest accrues, the day on which funds are initially advanced shall be included regardless of the time of day such
advance is made, and the day on which funds are repaid shall be included unless repayment is credited prior to the close of business
on the Business Day received. Each determination by Administrative Agent of an interest rate or fee hereunder shall be conclusive
and binding for all purposes, absent manifest error.

 

    CREDIT AGREEMENT – Page 66

     

    

 

(c)           Unconditional
Payment. Each Borrower is and shall be obligated to pay all principal, interest and any and all other amounts which become payable
under any of the Loan Documents absolutely and unconditionally and without any abatement, postponement, diminution or deduction whatsoever
and without any reduction for counterclaim or setoff whatsoever. If at any time any payment received by Administrative Agent hereunder
shall be deemed by a court of competent jurisdiction to have been a voidable preference or fraudulent conveyance under any Debtor Relief
Law, then the obligation to make such payment shall survive any cancellation or satisfaction of the Obligations under the Loan Documents
and shall not be discharged or satisfied with any prior payment thereof or cancellation of such Obligations, but shall remain a valid
and binding obligation enforceable in accordance with the terms and provisions hereof, and such payment shall be immediately due and
payable upon demand.

 

(d)           Partial
or Incomplete Payments. Subject to Section 9.3, if at any time insufficient funds are received by and available to
Administrative Agent to pay fully all amounts of principal, L/C Borrowings, interest, fees and other amounts then due hereunder, such
funds shall be applied (i) first, to pay interest, fees and other amounts then due hereunder, ratably among the parties entitled
thereto in accordance with the amounts of interest, fees and other amounts then due to such parties, and (ii) second, to
pay principal and L/C Borrowings then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal
or L/C Borrowings, as applicable, then due to such parties. Remittances in payment of any part of the Obligations under the Loan Documents
other than in the required amount in immediately available funds at the place where such Obligations are payable shall not, regardless
of any receipt or credit issued therefor, constitute payment until the required amount is actually received by Administrative Agent in
full in accordance herewith and shall be made and accepted subject to the condition that any check or draft may be handled for collection
in accordance with the practice of the collecting bank or banks. Acceptance by Administrative Agent of any payment in an amount less
than the full amount then due shall be deemed an acceptance on account only, and the failure to pay the entire amount then due shall
be and continue to be an Event of Default.

 

(e)           Default
Interest Rate. For so long as any Event of Default exists, regardless of whether or not there has been an acceleration of the Loans,
and at all times after the maturity of the Loans (whether by acceleration or otherwise), and in addition to all other rights and remedies
of Administrative Agent or Lenders hereunder, (i) interest shall accrue on the Outstanding Amount of the Loans at the Default Interest
Rate, (ii) interest shall accrue on any past due amount (other than the Outstanding Amount of the Loans) at the Default Interest
Rate and (iii) upon the request of the Required Lenders, interest shall accrue on the principal amount of all other outstanding Obligations
at the Default Interest Rate, and such accrued interest shall be immediately due and payable. Each Borrower acknowledges that it would
be extremely difficult or impracticable to determine Administrative Agent’s or Lenders’ actual damages resulting from any
late payment or Event of Default, and such accrued interest are reasonable estimates of those damages and do not constitute a penalty.

 

    CREDIT AGREEMENT – Page 67

     

    

 

(f)            Interest
Act (Canada). For the purposes of the Interest Act (Canada) and disclosure thereunder, whenever any interest or any fee to be paid
under any Loan Document is to be calculated on the basis of a 360-day year, 365-day year or 366-day year, the yearly rate of interest
to which the rate used in such calculation is equivalent is the rate so used multiplied by the actual number of days in the calendar
year in which the same is to be ascertained and divided by 360, 365 or 366, as applicable. The rates of interest under this Agreement
are nominal rates, and not effective rates or yields. The principle of deemed reinvestment of interest does not apply to any interest
calculation under this Agreement. Each Borrower acknowledges and confirms that this Section 2.8(f) satisfies the requirements
of Section 4 of the Interest Act (Canada) to the extent it applies to the expression or statement of any interest payable under any Loan
Document and that it is able to calculate the yearly rate or percentage of interest payable under any Loan Document based upon the methodology
set out in this Section 2.8(f). Any provision of this Agreement that would oblige Canadian Borrower to pay any fine, penalty
or rate of interest on any arrears of principal or interest secured by a mortgage on real property or hypothec on immovables that has
the effect of increasing the charge on arrears beyond the rate of interest payable on principal money not in arrears shall not apply
to Canadian Borrower, which shall be required to pay interest on money in arrears at the same rate of interest payable on principal money
not in arrears.

 

Section 2.9           Voluntary
Termination or Reduction of Commitments; Prepayments.

 

(a)           Voluntary
Termination or Reduction of Commitments. The Borrower Representative may, upon written notice to Administrative Agent, terminate
the Commitments, or from time to time permanently reduce the Commitments; provided that (i) any such notice shall be received
by Administrative Agent not later than 11:00 a.m. three (3) Business Days prior to the date of termination or reduction, (ii) any
such partial reduction shall be in an aggregate amount of $2,500,000 or any whole multiple of $1,000,000 in excess thereof, (iii) the
Borrower Representative shall not terminate or reduce the Commitments if, (A) immediately after giving effect thereto and to any concurrent
prepayments hereunder, the Revolving Credit Exposure of all Lenders would exceed the lesser of (x) the aggregate amount of the Commitments
of the Lenders and (y) the Borrowing Base, in each case in effect at such time or (B) the aggregate amount of the Commitments of the
Lenders would be less than $10,000,000 (unless with respect to this clause (B), the aggregate Commitments are reduced to
$0) and (iv) if, immediately after giving effect to any reduction of the Commitments, the Letter of Credit Sublimit or Swing Line Sublimit
exceeds the amount of the Revolving Credit Facility, such sublimit shall be automatically reduced by the amount of such excess. Administrative
Agent will promptly notify Lenders of any such notice of termination or reduction of the Commitments. Any reduction of the 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 Commitments shall be paid on the effective date of such termination.

 

    CREDIT AGREEMENT – Page 68

     

    

 

(b)           Voluntary Prepayments. Subject to the conditions set forth below, Borrowers shall have the right, at any time and from
time to time upon at least three (3) Business Days’ prior written notice to Administrative Agent, to prepay the principal of the
Revolving Credit Loans or the Swing Line Loans in full or in part. If there is a prepayment of all or any portion of the principal of
the Revolving Credit Loans or the Swing Line Loans on or before the Maturity Date, whether voluntary or because of acceleration or otherwise,
such prepayment shall also include any and all accrued but unpaid interest on the amount of principal being so prepaid through and including
the date of prepayment, plus any other sums which have become due to Lenders under the other Loan Documents on or before the date of
prepayment, but which have not been fully paid.

 

(c)           Mandatory
Prepayment of Revolving Credit Facility. Borrowers shall make a prepayment of the Revolving Credit Loans or the Swing Line Loans
upon the occurrence of any of the following:

 

(i)            If
at any time the Revolving Credit Exposure of the Lenders exceeds the lesser of (A) the aggregate amount of the Commitments of the Lenders
and (B) the Borrowing Base, in each case in effect at such time, then Borrowers shall immediately prepay the entire amount of such excess
to Administrative Agent, for the ratable account of Lenders, and/or Cash Collateralize the L/C Obligations in an aggregate amount equal
to such excess; provided, however, that no Borrower shall be required to Cash Collateralize the L/C Obligations pursuant to this Section
2.9(c) unless after the prepayment in full of the Revolving Credit Loans and Swing Line Loans the Revolving Credit Exposure of
the Lenders exceeds the lesser of (x) the aggregate amount of the Commitments of the Lenders and (y) the Borrowing Base, in each case
in effect at such time.

 

(ii)            Concurrently
with the receipt by any Loan Party of any Net Cash Proceeds from a Disposition not permitted by Section 7.8, the Borrowers
shall prepay the Loans in an amount equal to 100% of such Net Cash Proceeds.

 

(iii)           Concurrently with the receipt by any Loan Party of any Net Cash Proceeds from the incurrence of any Debt not permitted by Section
7.1, the Borrowers shall prepay the Loans in an amount equal to 100% of such Net Cash Proceeds.

 

(iv)           Upon
the receipt by any Loan Party of any cash proceeds of a Specified EBITDA Equity Contribution pursuant to Section 9.3, Borrowers
shall prepay an aggregate principal amount of Loans equal to all Net Cash Proceeds received therefrom immediately upon receipt thereof
by any such Loan Party or such Subsidiary.

 

(v)            Upon
the receipt by the Parent of any cash proceeds in connection with a Qualified IPO, Borrowers shall prepay an aggregate principal amount
of Loans equal to at least $5,000,000 (or such lesser amount necessary for the Revolving Credit Exposure to equal $0) received therefrom.

 

    CREDIT AGREEMENT – Page 69

     

    

 

Each prepayment required by this Section 2.9(c)
shall be applied, first, to any Base Rate Borrowings then outstanding, and, second, to any Eurodollar Rate Borrowings then outstanding,
and if more than one Eurodollar Rate Borrowing is then outstanding, to such Eurodollar Rate Borrowings in such order as the Borrower Representative
may direct, or if the Borrower Representative fails to so direct, as Administrative Agent shall elect.

 

Section 2.10       Uncommitted
Increase in Commitments.

 

(a)         Request
for Increase. Provided that no Default or Event of Default shall have occurred and be continuing, upon written notice to Administrative
Agent (which shall promptly notify the Lenders), Borrowers may from time to time, request an increase in the aggregate Commitments by
an amount not to exceed $15,000,000 (with the aggregate Commitments not to exceed $45,000,000 after giving effect to all such increases
implemented pursuant to this Section 2.10); provided that (i) any such request for an increase shall be in a minimum amount
of $5,000,000, and (ii) Borrowers may make a maximum of three such requests. To achieve the full amount of a requested increase, and
subject to the approval of Administrative Agent and L/C Issuer, Borrowers may (A) request that one or more Lenders increase their Commitment,
(B) invite all Lenders to increase their respective Commitment, and/or (C) invite additional Eligible Assignees to become Lenders pursuant
to a joinder agreement in form and substance satisfactory to Administrative Agent and its counsel. Nothing contained in this Section
2.10 shall constitute, or otherwise be deemed to be, a commitment on the party of any Lender to increase its Commitment hereunder
at any time.

 

(b)         Notification
by Administrative Agent; Additional Lenders. In the event the Borrowers invite all Lenders to increase their respective Commitment,
then at the time of sending such notice, Borrowers (in consultation with Administrative Agent) shall specify the time period within which
each Lender is requested to respond (which shall in no event be less than ten (10) Business Days from the date of delivery of such notice
to the Lenders). Each Lender shall notify 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. Administrative Agent shall notify
Borrowers and each Lender of the Lenders’ responses to each request made hereunder.

 

(c)         Effective
Date and Allocations. If the Commitments are increased in accordance with this Section 2.10, Administrative Agent and
Borrowers shall determine the effective date (the “Increase Effective Date”) and the final allocation of such
increase. Administrative Agent shall promptly notify Borrowers and the Lenders of the final allocation of such increase and the Increase
Effective Date.

 

    CREDIT AGREEMENT – Page 70

     

    

 

(d)         Conditions
to Effectiveness of Increase. As a condition precedent to such increase, Borrowers shall deliver to Administrative Agent a
certificate of each Loan Party dated as of the Increase Effective Date (in sufficient copies for each Lender) signed by a
Responsible Officer of such Loan Party, in each case in form and substance satisfactory to Administrative Agent, (i) certifying and
attaching the resolutions adopted by such Loan Party approving or consenting to such increase, and (ii) in the case of Borrowers,
certifying that, before and after giving effect to such increase, (A) the representations and warranties contained in Article
5 and the other Loan Documents are true and correct in all material respects (other than such representation or warranty
expressly qualified by materiality or by reference to Material Adverse Effect) on and as of the Increase Effective Date, except to
the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct
in all material respects (other than such representation or warranty expressly qualified by materiality or by reference to Material
Adverse Effect) as of such earlier date, (B) no Default exists and (C) Borrowers are in pro forma compliance with the financial
covenants contained in Sections 8.1 and 8.2.

 

(e)         Pro
Rata Treatment; Etc. On the Increase Effective Date, (i) any Lender increasing (or, in the case of any newly added Lender, extending)
its Commitment shall make available to Administrative Agent such amounts in immediately available funds as Administrative Agent shall
determine, for the benefit of the other Lenders, as being required in order to cause, after giving effect to such increase or addition
and the use of such amounts to make payments to such other Lenders, each Lender’s portion of the outstanding Revolving Credit Loans
of all the Lenders to equal its revised Applicable Percentage of such outstanding Revolving Credit Loans, and Administrative Agent shall
make such other adjustments among the Lenders with respect to the Revolving Credit Loans then outstanding and amounts of principal, interest,
commitment fees and other amounts paid or payable with respect thereto as shall be necessary, in the opinion of Administrative Agent,
in order to effect such reallocation and (ii)  Borrowers shall be deemed to have repaid and reborrowed all outstanding Revolving
Credit Loans as of the date of any increase (or addition) in the Commitments (with such reborrowing to consist of the Types of Revolving
Credit Loans, with related Interest Periods if applicable, specified in a notice delivered by the Borrower Representative, in accordance
with the requirements of Section 2.1(b)). The deemed payments made pursuant to clause (ii) of the immediately
preceding sentence shall be accompanied by payment of all accrued interest on the amount prepaid and, in respect of each Eurodollar Rate
Loan, shall be subject to the provisions of Section 3.5 if the deemed payment occurs other than on the last day of the
related Interest Periods. Within a reasonable time after the effective date of any increase or addition, Administrative Agent shall,
and is hereby authorized and directed to, revise Schedule 2.1 to reflect such increase or addition and shall distribute
such revised Schedule 2.1 to each of the Lenders and the Borrowers, whereupon such revised Schedule 2.1 shall
replace the old Schedule 2.1 and become part of this Agreement.

 

(f)          Conflicting
Provisions. This Section shall supersede any provisions in Sections 11.10 or 11.23 to the contrary.

 

    CREDIT AGREEMENT – Page 71

     

    

 

Section 2.11       Cash
Collateral Blocked Accounts. Subject to Section 6.12, each Borrower shall establish with Administrative Agent or
any banks acceptable to Administrative Agent, certain lockboxes and blocked accounts (collectively “Blocked Accounts”),
for the benefit of Administrative Agent, for the deposit of all receipts and collections in accordance with Section 2.12
hereof, pursuant to executed Deposit Account Control Agreements in form and substance satisfactory to Administrative Agent, in its reasonable
discretion. At all times during a Trigger Period, each Borrower shall cause all receipts and collections of any accounts receivable to
be deposited in such Blocked Accounts to be pledged to Administrative Agent, for the benefit of the Secured Parties, and, pursuant to
Section 2.5(d), forwarded on a daily basis to an account held by Administrative Agent. During a Trigger Period, proceeds
received from such Blocked Accounts shall be applied against any Obligations owing by any Borrower to the Lenders and shall be applied
in accordance with Section 2.5(d) hereof. Only Administrative Agent shall have the right to direct withdrawals from such
Blocked Accounts. Except as otherwise agreed to by Administrative Agent, each bank at which any such Blocked Account is maintained shall
waive any right of offset such bank may otherwise have in such Blocked Account and the items deposited therein. Borrowers shall pay all
fees and charges as may be required by any depository in which such Blocked Accounts are opened. Subject to Section 6.12,
each Borrower shall, contemporaneously with the execution of this Agreement, provide Administrative Agent with the duly executed Deposit
Account Control Agreements related to such Blocked Accounts. Subject to Section 6.12, each Borrower covenants and agrees
to notify all of its customers and account debtors in writing on or before the date set forth in Section 6.12 directing
such customers and account debtors to forward all current and future remittances and/or payments owed to such Borrower to the Blocked
Accounts. The Blocked Accounts as of the Closing Date are set forth in Schedule 2.11.

 

Section 2.12       Collection
of Accounts.

 

(a)          All receipts of cash, cash equivalents, checks, credit card receipts, drafts, instruments, and other items of payment arising out
of the sale of inventory or other Property of the Loan Parties or the creation of accounts receivable, including without limitation, insurance
proceeds and tax refunds (referred to as “Receipts”), and all Property of the Loan Parties in which Administrative
Agent has a security interest or Lien, shall be deposited daily into one or more of the Blocked Accounts, and shall be held in trust by
such Loan Party for Administrative Agent until so deposited.

 

(b)         In the event, notwithstanding the provisions of this Section, any Loan Party receives or otherwise has dominion and control of
any Receipts, or any proceeds or collections of any Property of the Loan Parties in which Administrative Agent has a security interest
or Lien, such Receipts, proceeds, and collections shall be held in trust by such Loan Party for Administrative Agent and shall not be
commingled with any of such Loan Party’s other funds or deposited in any account of such Loan Party other than a Blocked Account.

 

Section 2.13       Appointment
of Borrower Representative.

 

(a)         Each
Borrower hereby irrevocably appoints and constitutes Flex Leasing Power & Service LLC, a Delaware limited liability company (in such
capacity, the “Borrower Representative”), as its agent to request and receive the proceeds of any Loan, Letter
of Credit or any other extension of credit hereunder (and to otherwise act on behalf of such Borrower pursuant to this Agreement and
the other Loan Documents) from the Lenders in the name or on behalf of each such Borrower. The Lenders may disburse such proceeds only
to a bank account of a Borrower without notice to any other Borrower or any other Loan Party.

 

    CREDIT AGREEMENT – Page 72

     

    

 

(b)         Each Loan Party hereby irrevocably appoints and constitutes the Borrower Representative as its agent to (i) receive statements
of account and all other notices from Administrative Agent with respect to the Obligations or otherwise under or in connection with this
Agreement and the other Loan Documents; (ii) execute and deliver Borrowing Base Reports and all other notices, certificates and documents
to be executed and/or delivered by any Loan Party under this Agreement or the other Loan Documents; and (iii) otherwise act on behalf
of such Loan Party pursuant to this Agreement and the other Loan Documents.

 

(c)         The
authorizations contained in this Section 2.13 are coupled with an interest and shall be irrevocable, and the Lenders may
rely on any notice, request, information supplied by the Borrower Representative, every document executed by the Borrower Representative,
every agreement made by the Borrower Representative or other action taken by the Borrower Representative in respect of any Borrower or
other Loan Party as if the same were supplied, made or taken by such Borrower or such Loan Party. Without limiting the generality of
the foregoing, the failure of one or more Borrowers or other Loan Parties to join in the execution of any writing in connection herewith
shall not relieve any Borrower or other Loan Party from obligations in respect of such writing.

 

(d)         No
purported termination of the appointment of the Borrower Representative as agent shall be effective without the prior written consent
of Administrative Agent.

 

(e)          Any
notice given by or to the Borrower Representative hereunder shall constitute and be deemed to be notice given by or to all Borrowers,
jointly and severally. Notice given by Administrative Agent to the Borrower Representative hereunder or pursuant to any other Loan Documents
in accordance with the terms hereof or thereof shall constitute notice to all Borrowers. The knowledge of any Borrower shall be imputed
to all Borrowers and any consent by the Borrower Representative or any Borrower shall constitute the consent of and shall bind all Borrowers.

 

(f)          The
Borrower Representative hereby accepts the appointment by each Loan Party to act as the agent of the Loan Parties pursuant to this Section
2.13. The Borrower Representative shall ensure that the disbursement of any Loans, the issuance of any Letters of Credit or other
extension of credit hereunder to each Borrower requested by or paid to or for the account of such Borrower shall be paid to or for the
account of such Borrower.

 

    CREDIT AGREEMENT – Page 73

     

    

 

Section 2.14       Joint
and Several Liability. The Borrowers shall be jointly and severally liable for all Obligations due to the Secured Parties under
this Agreement, regardless of which Borrower actually receives any Loans, Letters of Credit or other extensions of credit hereunder or
the amount of such Loans or Letters of Credit received or the manner in which Administrative Agent accounts for such Loans, Letters of
Credit or other extensions of credit on its books and records. The Obligations with respect to the Loans and Letters of Credit or other
extensions of credit made to a Borrower, and the Obligations arising as a result of the joint and several liability of a Borrower hereunder,
shall be primary obligations of all the Borrowers. The Obligations arising as a result of the joint and several liability of a Borrower
hereunder with respect to the Loans, Letters of Credit or other extensions of credit made to the other Borrowers hereunder shall, to
the fullest extent permitted by law, be unconditional irrespective of (a) the validity or enforceability, avoidance or subordination
of the Obligations of the other Borrowers or of any promissory note or other document evidencing all or any part of the Obligations of
the other Borrowers, (b) the absence of any attempt to collect the Obligations from the other Borrowers, any other Loan Party or any
other security therefor, or the absence of any other action to enforce the same, (c) the failure by Administrative Agent to take any
steps to perfect and maintain its security interest in, or to preserve its rights and maintain its security or collateral for the Obligations
of the other Borrowers and the other Loan Parties, (d) the election of Administrative Agent or any other Secured Party in any proceeding
instituted under any bankruptcy, insolvency or other Debtor Relief Law or of the application of Section 1111(b)(2) of the Bankruptcy
Code of the United States or any similar provision of any other Debtor Relief Law, (e) the disallowance of all or any portion of the
claim(s) of the Secured Parties for the repayment of the Obligations of the other Borrowers and other Loan Parties under Section 502
of the Bankruptcy Code of the United States or any similar provision of any other Debtor Relief Law, or (f) any other circumstances which
might constitute a legal or equitable discharge or defense of any obligor. With respect to the Obligations arising as a result of the
joint and several liability of a Borrower hereunder with respect to the Loans, Letters of Credit or other extensions of credit made to
the other Borrowers hereunder, each Borrower waives, until the Obligations shall have been paid in full in immediately available funds
and this Agreement shall have been terminated, any right to enforce any right of subrogation or any remedy which the Secured Parties
now have or may hereafter have against the Borrowers and the other Loan Parties, any endorser or any guarantor of all or any part of
the Obligations, and any benefit of, and any right to participate in, any security or collateral given to the Secured Parties. Upon any
Event of Default and for so long as the same is continuing, Administrative Agent may proceed directly and at once, without notice, against
any Borrower or any Guarantor to collect and recover the full amount, or any portion of the Obligations, without first proceeding against
the other Borrowers or any other Person, or against any security or collateral for the Obligations. Each Borrower consents and agrees
that Administrative Agent shall be under no obligation to marshal any assets in favor of any Borrower or any other Loan Party against
or in payment of any or all of the Obligations.

 

Article 3.

TAXES, YIELD PROTECTION AND INDEMNITY

 

Section 3.1          Increased
Costs.

 

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

 

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

 

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

 

    CREDIT AGREEMENT – Page 74

     

    

 

(iii)         impose
on any Lender or the London interbank market any other condition, cost or expense (other than Taxes) affecting this Agreement or Loans
made by such Lender or any Letter of Credit or participation therein;

 

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

 

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

 

(c)         Certificates
for Reimbursement. A certificate of a Lender setting forth the amount or amounts necessary to compensate such Lender or its holding
company, as the case may be, as specified in Sections 3.1(a) or (b) and delivered to the Borrower Representative,
shall be conclusive absent manifest error. Borrowers shall pay such Lender the amount shown as due on any such certificate within ten
(10) days after receipt thereof.

 

(d)         Delay
in Requests. Failure or delay on the part of any Lender to demand compensation pursuant to this Section 3.1
shall not constitute a waiver of such Lender’s right to demand such compensation; provided that no Borrower shall be
required to compensate a Lender pursuant to this Section 3.1 for any increased costs incurred or reductions
suffered more than six (6) months prior to the date that such Lender notifies the Borrower Representative of the Change in Law
giving rise to such increased costs or reductions, and of such Lender’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 (9) -month period referred to
above shall be extended to include the period of retroactive effect thereof).

 

    CREDIT AGREEMENT – Page 75

     

    

 

Section 3.2          Illegality.
If any Lender determines that any Law or regulation 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 Representative through 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 Administrative Agent without reference to the Eurodollar Rate component of the Base Rate, in each case
until such Lender notifies Administrative Agent and the Borrower Representative that the circumstances giving rise to such determination
no longer exist. Upon receipt of such notice, (x) Borrowers shall, upon demand from such Lender (with a copy to 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 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,
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 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, Borrowers shall
also pay accrued interest on the amount so prepaid or converted.

 

Section 3.3          Alternate
Rate of Interest.

 

(a)          Inability
to Determine Rates. Subject to clauses (b), (c), (d), (e) and (f) of this Section 3.3 and Section 3.2,
if prior to the commencement of any Interest Period for a Eurodollar Rate Loan:

 

(i)           the Administrative Agent determines (which determination shall be conclusive absent manifest error) that 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 Borrowing (provided that no Benchmark Transition Event shall have occurred at
such time); or

 

    CREDIT AGREEMENT – Page 76

     

    

 

(ii)          the
Administrative Agent is advised by the Required Lenders that the Eurodollar Rate for any requested Interest Period with respect to a
proposed Eurodollar Rate Loan will not adequately and fairly reflect the cost to such Lenders of funding such Eurodollar Rate Loans
for such Interest Period, then Administrative Agent will promptly so notify Borrowers and each Lender. Thereafter, (A) the
obligation of Lenders to make or maintain Eurodollar Rate Loans shall be suspended, and (B) 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 Administrative Agent (upon the
instruction of the Required Lenders) revokes such notice. Upon receipt of such notice, the Borrower Representative may revoke any
pending request for a Borrowing of, conversion to or continuation of Eurodollar Rate Loans or, failing that, will be deemed to have
converted such request into a request for a Base Rate Borrowing in the amount specified therein.

 

(b)         Benchmark
Replacement. Notwithstanding anything to the contrary herein or in any other Loan Document, if a Benchmark Transition Event or an
Early Opt-in Election, as applicable, and its related Benchmark Replacement Date have occurred prior to the Reference Time in respect
of any setting of the then-current Benchmark, then (i) if a Benchmark Replacement is determined in accordance with clauses (a)
or (b) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark
Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of such Benchmark setting and
subsequent Benchmark settings without any amendment to, or further action or consent of any other party to, this Agreement or any other
Loan Document and (ii) if a Benchmark Replacement is determined in accordance with clause (c) of the definition of “Benchmark
Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder
and under any Loan Document in respect of any Benchmark setting at or after 5:00 p.m. on the fifth (5th) Business Day after the date
notice of such Benchmark Replacement is provided to the Lenders without any amendment to, or further action or consent of any other party
to, this Agreement or any other Loan Document so long as the Administrative Agent has not received, by such time, written notice of objection
to such Benchmark Replacement from Lenders comprising the Required Lenders.

 

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

 

    CREDIT AGREEMENT – Page 77

     

    

 

(d)         Notices;
Standards for Decisions and Determinations. The Administrative Agent will promptly notify the Borrower Representative and the
Lenders of (i) any occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark
Replacement Date, (ii) the implementation of any Benchmark Replacement, (iii) the effectiveness of any Benchmark Replacement
Conforming Changes, (iv) the removal or reinstatement of any tenor of a Benchmark pursuant to clause (e) below and (v)
the commencement or conclusion of any Benchmark Unavailability Period. Any determination, decision or election that may be made by
the Administrative Agent or, if applicable, any Lender (or group of Lenders) pursuant to this Section 3.3, including
any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or
date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest
error and may be made in its or their sole discretion and without consent from any other party to this Agreement or any other Loan
Document, except, in each case, as expressly required pursuant to this Section 3.3.

 

(e)         Unavailability
of Tenor of Benchmark. Notwithstanding anything to the contrary herein or in any other Loan Document, at any time (including in connection
with the implementation of a Benchmark Replacement), (A) if the then-current Benchmark is a term rate (including BSBY, Term SOFR or USD
LIBOR) and either (1) any tenor for such Benchmark is not displayed on a screen or other information service that publishes such rate
from time to time as selected by Administrative Agent in its reasonable discretion or (2) the regulatory supervisor for the administrator
of such Benchmark has provided a public statement or publication of information announcing that any tenor for such Benchmark is or will
be no longer representative, then Administrative Agent may modify the definition of “Interest Period” for any Benchmark settings
at or after such time to remove such unavailable or non-representative tenor and (B) if a tenor that was removed pursuant to clause (i)
above either (1) is subsequently displayed on a screen or information service for a Benchmark (including a Benchmark Replacement) or
(2) is not, or is no longer, subject to an announcement that it is or will no longer be representative for a Benchmark (including a Benchmark
Replacement), then Administrative Agent may modify the definition of “Interest Period” for all Benchmark settings at or after
such time to reinstate such previously removed tenor.

 

(f)          Benchmark
Unavailability Period. Upon the Borrower Representative’s receipt of notice of the commencement of a Benchmark Unavailability
Period, the Borrower Representative may revoke any request for a Eurodollar Rate Borrowing of, conversion to or continuation of Eurodollar
Rate Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing that, the Borrower Representative
will be deemed to have converted any such request into a request for a Borrowing of or conversion to Base Rate Loans. During any Benchmark
Unavailability Period or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component of Base Rate
based upon the then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of Base
Rate.

 

    CREDIT AGREEMENT – Page 78

     

    

 

(g)         London
Interbank Offered Rate Benchmark Transition Event. On March 5, 2021, the IBA, the administrator of the London interbank offered
rate, and the FCA, the regulatory supervisor of the IBA, made the Announcements that the final publication or representativeness
date for dollars for (i) 1-week and 2-month London interbank offered rate tenor settings will be December 31, 2021 and (ii)
overnight, 1-month, 3-month, 6-month and 12-month London interbank offered rate tenor settings will be June 30, 2023. No successor
administrator for the IBA was identified in such Announcements. The parties hereto agree and acknowledge that the Announcements
resulted in the occurrence of a Benchmark Transition Event with respect to the London interbank offered rate pursuant to the terms
of this Agreement and that any obligation of the Administrative Agent to notify any parties of such Benchmark Transition Event
pursuant to Section 3.3(d) shall be deemed satisfied; provided, however, (x) the Benchmark shall remain USD LIBOR
until the occurrence of the Benchmark Replacement Date with respect thereto and (y) such Benchmark Replacement Date shall not be
deemed to have occurred solely as a result of the Announcements and shall only occur in accordance with the definition thereof.

 

(h)         BSBY
Replacement. Notwithstanding anything to the contrary in this Agreement or any other Loan Documents, at any time that BSBY is
the then current Benchmark, if the Administrative Agent determines (which determination shall be conclusive absent manifest error),
or the Borrower Representative or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a
copy to the Borrower Representative) that the Borrower Representative or Required Lenders (as applicable) have determined, that:

 

(i)           adequate
and reasonable means do not exist for ascertaining one month, three month and six month interest periods of BSBY, including, without
limitation, because the BSBY Screen Rate is not available or published on a current basis and such circumstances are unlikely to be temporary;
or

 

(ii)          Bloomberg
or any successor administrator of the BSBY Screen Rate or a Governmental Authority having jurisdiction over the Administrative Agent
or Bloomberg or such administrator has made a public statement identifying a specific date after which one month, three month and six
month interest periods of BSBY or the BSBY Screen Rate shall or will no longer be representative or made available, or used for determining
the interest rate of loans, or shall or will otherwise cease, provided that, at the time of such statement, there is no successor administrator
that is satisfactory to the Administrative Agent, that will continue to provide such representative interest periods of BSBY after such
specific date (the latest date on which one month, three month and six month interest periods of BSBY or the BSBY Screen Rate are no
longer representative or available permanently or indefinitely, the “Scheduled Unavailability Date”);

 

then, on a date and time determined
by the Administrative Agent (any such date, the “BSBY Replacement Date”), which date shall be at the end of
an Interest Period or on the relevant interest payment date, as applicable, for interest calculated and, solely with respect to clause
(B) above, no later than the Scheduled Unavailability Date, BSBY will be replaced hereunder and under any Loan Document with a Benchmark
Replacement determined in accordance with the definition thereof.

 

Section 3.4         Taxes.

 

(a)         Defined Terms. For purposes of this Section, the term “applicable Law” includes FATCA.

 

    CREDIT AGREEMENT – Page 79

     

    

 

(b)         Payment
Free of Taxes. Any and all payments by or on account of any obligation of any Loan Party under any Loan Document shall be made without
deduction or withholding for any Taxes, except as required by applicable Law. If any applicable Law (as determined in the good faith
discretion of an applicable Withholding Agent) requires the deduction or withholding of any Tax from any such payment by a Withholding
Agent, then the applicable Withholding Agent shall be entitled to make such deduction or withholding and shall timely pay the full amount
deducted or withheld to the relevant Governmental Authority in accordance with applicable Law and, if such Tax is an Indemnified Tax,
then the sum payable by the applicable Loan Party shall be increased as necessary so that after such deduction or withholding has been
made (including such deductions and withholdings applicable to additional sums payable under this Section 3.4) the
applicable Recipient receives an amount equal to the sum it would have received had no such deduction or withholding been made.

 

(c)         Payment
of Other Taxes by the Loan Parties. The Loan Parties shall timely pay to the relevant Governmental Authority in accordance with applicable
Law, or at the option of Administrative Agent timely reimburse it for the payment of, any Other Taxes.

 

(d)         Indemnification
by the Loan Parties. The Loan Parties shall jointly and severally indemnify each Recipient, within ten (10) days after demand therefor,
for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under
this Section 3.4) payable or paid by such Recipient or required to be withheld or deducted from a payment to such
Recipient and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly
or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered
to the Borrower Representative by a Lender (with a copy to Administrative Agent), or by Administrative Agent on its own behalf or on
behalf of a Lender, shall be conclusive absent manifest error.

 

(e)         Indemnification by Lenders. Each Lender shall severally indemnify Administrative Agent, within ten (10) days after demand
therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that any Loan Party has not already indemnified
Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Loan Parties to do so), (ii) any Taxes
attributable to such Lender’s failure to comply with the provisions of Section 11.8 relating to the maintenance
of a Participant Register and (iii) any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by Administrative
Agent in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such
Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment
or liability delivered to any Lender by Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes
Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise payable
by Administrative Agent to such Lender from any other source against any amount due to Administrative Agent under this Section 3.4(e).

 

    CREDIT AGREEMENT – Page 80

     

    

 

(f)          Evidence of Payments. As soon as practicable after any payment of Taxes by any Loan Party to a Governmental Authority pursuant
to this Section 3.4, such Loan Party shall deliver to Administrative Agent the original or a certified copy of a receipt
issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such
payment reasonably satisfactory to Administrative Agent.

 

(g)         Status
of Lenders.

 

(i)           Any
Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall
deliver to the Borrower Representative and Administrative Agent, at the time or times reasonably requested by the Borrower Representative
or Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrower Representative or 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 Representative or Administrative Agent, shall deliver such other documentation prescribed by applicable Law
or reasonably requested by the Borrower Representative or Administrative Agent as will enable the Borrower Representative or 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 (2) sentences, the completion, execution and submission of such documentation (other than
such documentation set forth in Section 3.4(g)(ii)(A), (ii)(B) and (ii)(D) below) shall
not be required if in such 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,

 

(A)          any
Lender that is a U.S. Person shall deliver to the Borrower Representative and 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 Representative
or Administrative Agent), executed copies of IRS Form W-9 certifying that such Lender is exempt from U.S. federal backup withholding
tax;

 

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

 

    CREDIT AGREEMENT – Page 81

     

    

 

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

 

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

 

(3)           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 any Borrower
within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C)
of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed copies of IRS Form W-8BEN (or IRS Form
W-8BEN-E, if applicable); or

 

(4)           to the extent a Foreign Lender is not the beneficial owner, executed copies of IRS Form W-8IMY, accompanied by IRS Form W-8ECI,
IRS Form W-8BEN (or IRS Form W-8BEN-E, if applicable), 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;

 

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

 

    CREDIT AGREEMENT – Page 82

     

    

 

(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 Representative and Administrative Agent at the time or times prescribed
by Law and at such time or times reasonably requested by the Borrower Representative or 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 Representative or Administrative Agent as may be necessary for the Borrower Representative and Administrative
Agent to comply with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations
under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D),
 “FATCA” shall include any amendments made to FATCA after the date of this Agreement.

 

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

 

(h)        Treatment of Certain Refunds. If any party determines, in its sole discretion exercised in good faith, that it has received
a refund of any Taxes as to which it has been indemnified pursuant to this Section 3.4 (including by the payment of
additional amounts pursuant to this Section 3.4), it shall pay to the indemnifying party an amount equal to such refund
(but only to the extent of indemnity payments made under this Section 3.4 with respect to the Taxes giving rise to
such refund), net of all out-of-pocket expenses (including Taxes) of such indemnified party and without interest (other than any interest
paid by the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon the request of such indemnified
party, shall repay to such indemnified party the amount paid over pursuant to this Section 3.4(h) (plus any penalties,
interest or other charges imposed by the relevant Governmental Authority) in the event that such indemnified party is required to repay
such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Section 3.4(h), in no
event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this Section 3.4(h)
the payment of which would place the indemnified party in a less favorable net after-Tax position than the indemnified party would have
been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and
the indemnification payments or additional amounts with respect to such Tax had never been paid. This Section 3.4(h)
shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes
that it deems confidential) to the indemnifying party or any other Person.

 

    CREDIT AGREEMENT – Page 83

     

    

 

(i)          Survival. Each party’s obligations under this Section 3.4 shall survive the resignation or replacement
of Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment,
satisfaction or discharge of all obligations under any Loan Document.

 

Section 3.5        Compensation
for Losses. Upon demand of any Lender (with a copy to Administrative Agent) from time to time, Borrowers shall promptly compensate
such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of:

 

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

 

(b)         any
failure by Borrowers (for a reason other than the failure of such Lender to lend a Eurodollar Rate Loan) to prepay, borrow, continue
or convert any Eurodollar Rate Loan on the date or in the amount notified by the Borrower Representative; 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 Representative pursuant to Section 3.6(b);

 

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. Borrowers shall also pay any customary administrative fees charged by such
Lender in connection with the foregoing.

 

For purposes of calculating
amounts payable by Borrowers to the Lenders under this Section 3.5, each Lender shall be deemed to have funded each
Eurodollar Rate Loan made by it at Adjusted Eurodollar Rate by a matching deposit or other borrowing in the London interbank eurodollar
market for a comparable amount and for a comparable period, whether or not such Eurodollar Rate Loan was in fact so funded. A certificate
of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section shall be delivered
to the Borrower Representative and shall be conclusive absent demonstrable error. Borrowers shall pay such Lender the amount shown as
due on any such certificate within 10 days after receipt thereof.

 

Section 3.6         Mitigation
of Obligations; Replacement of Lenders.

 

(a)         Designation
of a Different Lending Office. If any Lender requests compensation under Section 3.1, or requires Borrowers
to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender
pursuant to Section 3.4, then such Lender shall (at the request of the Borrower Representative) 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, such designation or assignment
(i) would eliminate or reduce amounts payable pursuant to Section 3.1 or Section 3.4, as
the case may be, in the future, and (ii) would not subject such Lender to any unreimbursed cost or expense and would not
otherwise be disadvantageous to such Lender. Borrowers hereby agree to pay all reasonable costs and expenses incurred by any Lender
in connection with any such designation or assignment.

 

    CREDIT AGREEMENT – Page 84

     

    

 

(b)         Replacement
of Lenders. If any Lender requests compensation under Section 3.1, or if Borrowers are 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 3.4
and, in each case, such Lender has declined or is unable to designate a different Lending Office in accordance with Section 3.6(a),
or if any Lender is a Defaulting Lender or a Non-Consenting Lender, then Borrowers may, at their sole expense and effort, upon notice
to such Lender and Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject
to the restrictions contained in, and consents required by, Section 11.8), all of its interests, rights (other than
its existing rights to payments pursuant to Section 3.1 or Section 3.4) 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:

 

(i)           Borrowers shall have paid to Administrative Agent the assignment fee (if any) specified in Section 11.8;

 

(ii)          such
Lender shall have received payment of an amount equal to the Outstanding Amount 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
3.5) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or Borrowers (in the case
of all other amounts);

 

(iii)         in the case of any such assignment resulting from a claim for compensation under Section 3.1 or payments required
to be made pursuant to Section 3.4, such assignment will result in a reduction in such compensation or payments thereafter;

 

(iv)         such
assignment does not conflict with applicable Law; and

 

(v)          in the case of any 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 Borrowers
to require such assignment and delegation cease to apply.

 

Section 3.7        Survival.
All of the obligations under this Article 3 shall survive termination of the Commitments, repayment of all other Obligations
hereunder, and resignation of Administrative Agent.

 

    CREDIT AGREEMENT – Page 85

     

    

 

Article 4.

 

CONDITIONS PRECEDENT

 

Section 4.1         Initial
Extension of Credit. The obligation of Lenders to make the initial Credit Extension hereunder is subject to the condition precedent
that Administrative Agent shall have received all of the following, each dated (unless otherwise indicated or otherwise specified by
Administrative Agent) the Closing Date, in form and substance satisfactory to Administrative Agent:

 

(a)         Credit
Agreement. Counterparts of this Agreement executed by Administrative Agent, the Lenders, Swing Line Lender, L/C Issuer and each Loan
Party;

 

(b)         Resolutions. Resolutions of the board of directors (or other governing body) of Parent and each Loan Party that is not a
natural Person certified by the secretary or an assistant secretary (or a Responsible Officer or other custodian of records) of such Person
which authorize the execution, delivery, and performance by such Person of this Agreement and the other Loan Documents to which such Person
is or is to be a party;

 

(c)         Incumbency
Certificate. A certificate of incumbency certified by a Responsible Officer of Parent and each Loan Party that is not a natural Person
certifying the names of the individuals or other Persons authorized to sign this Agreement and each of the other Loan Documents to which
each Loan Party is or is to be a party (including the certificates contemplated herein) on behalf of such Person together with specimen
signatures of such individual Persons;

 

(d)         Certificate
Regarding Consents and Approvals. A certificate of a Responsible Officer of each Loan Party either (i) attaching copies of all consents,
licenses and approvals required in connection with the execution, delivery and performance by such Loan Party and the validity against
such Loan Party of the Loan Documents to which it is a party, and such consents, licenses and approvals shall be in full force and effect,
or (ii) stating that no such consents, licenses or approvals are so required;

 

(e)         Closing
Certificate. A certificate signed by a Responsible Officer of the Borrower Representative certifying (i) that the conditions specified
in Sections 4.2(b), (c) and (d) have been satisfied and (ii) that attached to such certificate
are true, accurate and complete copies of the Ultimate Parent loan documents, including any amendments and supplements thereto;

 

(f)         Solvency Certificate. A solvency certificate signed by the chief financial officer or vice president of finance of Company;

 

(g)        Perfection
Certificate. The Perfection Certificate signed by a Responsible Officer of each Loan Party;

 

    CREDIT AGREEMENT – Page 86

     

    

 

(h)        Constituent
Documents. The Constituent Documents and all amendments thereto for Parent and each Loan Party that is not a natural Person,
with the formation documents included in the Constituent Documents being certified as of a date acceptable to Administrative Agent
by the appropriate government officials of the state of incorporation or organization of Parent and each Loan Party, and all such
Constituent Documents being accompanied by certificates that such copies are complete and correct, given by an authorized
representative acceptable to Administrative Agent;

 

(i)          Governmental
Certificates. Certificates of the appropriate government officials of the state of incorporation or organization of Parent and each
Loan Party that is not a natural Person as to the existence and good standing of Parent and each Loan Party that is not a natural Person,
each dated as of a recent date hereof;

 

(j)          Notes.
The Notes executed by Borrowers in favor of each Lender requesting Notes;

 

(k)         Security
Documents. The Security Documents executed by Parent, Borrowers, the other Loan Parties, the Subordinated Lenders and Administrative
Agent, in each case, as the case may be;

 

(l)          Pledged Equity Interests; Stock Powers; Pledged Notes. Subject to Section 6.17, Administrative Agent shall
have received (i) the certificates (if any) representing any Equity Interests pledged pursuant to the Security Documents, together
with an undated stock power for each such certificate executed in blank by a duly authorized officer of the pledgor thereof and (ii) each
promissory note (if any) pledged to Administrative Agent pursuant to the Security Documents endorsed (without recourse) in blank (or accompanied
by an executed transfer form in blank) by the pledgor thereof;

 

(m)        Financing
Statements. UCC financing statements reflecting Parent (solely with respect to its pledge of the Equity Interests in Company) and
the Loan Parties, as debtors, and Administrative Agent, as secured party, which are required to grant a Lien which secures the Obligations
and covering such Collateral as Administrative Agent may request;

 

(n)         Borrowing
Base Report. Borrowing Base Report which calculates the Borrowing Base as of a date specified by Administrative Agent prior to or
on the Closing Date with customary supporting schedules and documentation;

 

(o)         Field
Examination. Such third-party field examinations and audits of the Borrowers’ Accounts, Inventory (including, without limitation,
the Generator Units), related working capital matters and of the Borrowers’ related data processing and other systems and such
other information or materials as Administrative Agent shall include within the scope of such third-party field examinations and audits,
the results of which shall be satisfactory to Administrative Agent in its sole discretion;

 

(p)         Appraisals. Such third-party asset appraisals of each Borrowers’ Inventory (including, without limitation, the Generator
Units), which third-party appraisal shall be in form and substance satisfactory to Administrative Agent in its sole discretion;

 

(q)         Corporate
Structure. The corporate structure, capital structure and other material debt instruments, material accounts and governing documents
of Parent, the Company and its Subsidiaries shall be acceptable to Administrative Agent in its reasonable discretion;

 

    CREDIT AGREEMENT – Page 87

     

    

 

(r)          Insurance Matters. Subject to Section 6.17, copies of insurance certificates describing all insurance policies
required by Section 6.5, together with lender loss payable and additional insured endorsements in favor of Administrative
Agent with respect to all insurance policies covering Collateral;

 

(s)         Lien Searches. The results of UCC, tax lien and judgment lien searches showing all financing statements and other documents
or instruments on file against each Loan Party in the appropriate filing offices, such search to be as of a date no more than thirty (30)
days prior to the date hereof, and reflecting no Liens against any of the intended Collateral other than Liens being released or assigned
to Administrative Agent concurrently with the initial Credit Extension and Permitted Liens;

 

(t)          Opinion
of Counsel. A favorable opinion of Fennemore Craig, P.C., legal counsel to each Loan Party, as to such matters as Administrative
Agent may reasonably request;

 

(u)         Attorneys’
Fees and Expenses. Evidence that the costs and expenses (including reasonable attorneys’ fees) referred to in Section 11.1,
to the extent invoiced, shall have been paid in full by Borrowers;

 

(v)         Financial
Statements. The financial statements set forth in Section 5.2;

 

(w)        Financial Projections. Pro forma consolidated financial statements for Company and its Subsidiaries, and projections prepared
by management of Company, of balance sheets, income statements and cash flow statements on a quarterly basis for the first year following
the Closing Date and on an annual basis for each year thereafter during the term of this Agreement, which shall not be inconsistent with
any financial information or projections previously delivered to Administrative Agent;

 

(x)         KYC Information; Beneficial Ownership. Each Loan Party shall have provided to Administrative Agent and the Lenders (i) the
documentation and other information requested by Administrative Agent as it deems necessary in order to comply with requirements of any
anti-money laundering Laws, including, without limitation, the Patriot Act and any applicable “know your customer” rules and
regulations and (ii) at least three (3) Business Days prior to the Closing Date, any Borrower that qualified as a “legal entity
customer” under the Beneficial Ownership Regulation shall deliver a Beneficial Ownership Certification in relation to such Borrower;

 

(y)         Minimum
Availability. Evidence that, immediately after giving effect to the initial Credit Extension hereunder, Availability shall be at
least $5,000,000;

 

(z)          Legal
Due Diligence. Administrative Agent and its counsel shall have completed all legal due diligence (including review of any material
agreements disclosed on Schedule 5.26), the results of which shall be satisfactory to Administrative Agent in its sole
discretion;

 

    CREDIT AGREEMENT – Page 88

     

    

 

(aa)       Closing Fees. Evidence that (i) all fees required to be paid to Administrative Agent and Arranger on or before the Closing
Date have been paid, and (ii) all fees required to be paid to the Lenders on or before the Closing Date have been paid; and

 

(bb)      Additional
Documentation. Such additional approvals, opinions, or documents as Administrative Agent or its legal counsel may reasonably request.

 

For purposes of determining
compliance with the conditions set forth in this Section 4.1, each Lender that has signed this Agreement shall be deemed
to have consented to, approved or accepted or be satisfied with, each document or other matter required thereunder to be consented to
or approved by or be acceptable or satisfactory to a Lender unless Administrative Agent shall have received notice from such Lender prior
to the proposed Closing Date specifying its objection thereto.

 

Section 4.2         All
Extensions of Credit. The obligation of Lenders to make any Credit Extension hereunder (including the initial Credit Extension)
is subject to the following additional conditions precedent:

 

(a)         Request
for Credit Extension. Administrative Agent shall have received in accordance with this Agreement, as the case may be, a Borrowing
Request, Letter of Credit Application, or Swing Line Loan Request, as applicable, pursuant to Administrative Agent’s requirements
and executed by a Responsible Officer of the Borrower Representative;

 

(b)         No
Default. No Default or Event of Default shall have occurred and be continuing, or would result from or after giving effect to such
Credit Extension;

 

(c)         No Material Adverse Effect. No Material Adverse Effect shall have occurred and no circumstance shall exist that could reasonably
be expected to have a Material Adverse Effect;

 

(d)        Representations
and Warranties. All of the representations and warranties of each Borrower and each other Loan Party contained in Article 5
and in the other Loan Documents shall (i) with respect to representations and warranties that contain a materiality qualification,
be true and correct on and as of the date of such Borrowing, and (ii) with respect to representations and warranties that do not
contain a materiality qualification, be true and correct in all material respects on and as of the date of such Borrowing, in each case
with the same force and effect as if such representations and warranties had been made on and as of such date, except to the extent that
such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material
respects (or in the case of such representations and warranties that contain a materiality qualification, in all respects) as of such
earlier date, and except that for purposes of this Section 4.2, the representations and warranties contained in Section 5.2
shall be deemed to refer to the most recent statements furnished pursuant to Section 6.1(a) and (b),
respectively; and

 

    CREDIT AGREEMENT – Page 89

     

    

 

 

(e)              
 Availability Under Revolving Credit Facility. With respect to any request for a Credit Extension under the Commitments,
immediately after giving effect to the Credit Extension so requested, the total Revolving Credit Exposure of the Lenders shall not exceed
the lesser of (i) the Borrowing Base in effect as of the date of such Credit Extension and (ii) the aggregate Commitments of
the Lenders in effect as of the date of such Credit Extension.

 

Each Credit Extension hereunder shall be deemed
to be a representation and warranty by each Borrower that the conditions specified in this Section 4.2 have been satisfied
on and as of the date of the applicable Credit Extension.

 

Article 5.

REPRESENTATIONS AND WARRANTIES

 

To induce Administrative Agent
and Lenders to enter into this Agreement, and to make Credit Extensions hereunder, each Loan Party represents and warrants to Administrative
Agent and Lenders that:

 

Section 5.1           
Entity Existence. Each Loan Party and each Subsidiary thereof (a) is duly incorporated or organized, as the case
may be, validly existing, and in good standing under the Laws of the jurisdiction of its incorporation or organization; (b) has all
requisite power and authority to own its assets and carry on its business as now being or as proposed to be conducted; and (c) is
qualified to do business in all jurisdictions in which the nature of its business makes such qualification necessary and where failure
to so qualify could reasonably be expected to have a Material Adverse Effect. Each of the Loan Parties has the power and authority to
execute, deliver, and perform its obligations under this Agreement and the other Loan Documents to which it is or may become a party.

 

Section 5.2            Financial
Statements; Etc. Company has delivered to Administrative Agent (a) audited financial statements of Company and its
Subsidiaries as of and for the fiscal year ended December 31, 2017 and (b) unaudited consolidated and consolidating financial
statements of Company and its Subsidiaries as of and for the calendar month and the portion of the fiscal year ended November 30,
2018. Such financial statements are true and correct, have been prepared in accordance with GAAP, and fairly and accurately present,
on a consolidated basis, the financial condition of Company and its Subsidiaries as of the respective dates indicated therein and
the results of operations for the respective periods indicated therein. Neither Company nor any of its Subsidiaries has any material
contingent liabilities, liabilities for taxes, unusual forward or long-term commitments, unrealized or anticipated losses from any
unfavorable commitments except as referred to or reflected in such financial statements. No Material Adverse Effect and no
circumstance which could reasonably be expected to result in a Material Adverse Effect has occurred since the effective date of the
financial statements referred to in this Section 5.2. All projections delivered by the Borrower Representative to
Administrative Agent and Lenders have been prepared in good faith, with care and diligence and using assumptions that are reasonable
under the circumstances at the time such projections were prepared and delivered to Administrative Agent and Lenders and all such
assumptions are disclosed in the projections. Other than the Debt listed on Schedule 7.1 and Debt otherwise
permitted by Section 7.1, Company and each Subsidiary have no Debt.

 

    CREDIT AGREEMENT – Page 90

     

    

 

Section 5.3           
Action; No Breach. The execution, delivery, and performance by each Loan Party of this Agreement and the other
Loan Documents to which such Person is or may become a party and compliance with the terms and provisions hereof and thereof have been
duly authorized by all requisite action on the part of such Person and do not and will not (a) violate or conflict with, or result
in a breach of, or require any consent under (i) the Constituent Documents of such Person (if such Person is not a natural person),
(ii) any applicable Law, rule, or regulation or any order, writ, injunction, or decree of any Governmental Authority or arbitrator,
or (iii) any agreement or instrument to which such Person is a party or by which it or any of its Properties is bound or subject
which could reasonably be expected to have a Material Adverse Effect, or (b) constitute a default under any such agreement or instrument
which could reasonably be expected to have a Material Adverse Effect, or result in the creation or imposition of any Lien upon any of
the revenues or assets of such Person.

 

Section 5.4           
Operation of Business. Each Loan Party and its Subsidiaries possesses all licenses, permits, consents, authorizations,
franchises, patents, copyrights, trademarks, and trade names, or rights thereto, necessary to conduct its respective businesses substantially
as now conducted and as presently proposed to be conducted, and no Loan Party or any of its Subsidiaries is in violation of any valid
rights of others with respect to any of the foregoing which could reasonably be expected to have a Material Adverse Effect.

 

Section 5.5           
Litigation and Judgments. Except as specifically disclosed in Schedule 5.5 as of the date
hereof, there is no action, suit, investigation, or proceeding before or by any Governmental Authority or arbitrator pending, or to the
knowledge of any Loan Party after a reasonable investigation, threatened against or affecting any Loan Party or any of its Subsidiaries
or against any of their Properties that could, if adversely determined, reasonably be expected to have a Material Adverse Effect. As
of the Closing Date, there are no outstanding judgments against any Loan Party or any of its Subsidiaries. Since the date hereof, there
has been no adverse change in the status of any matter set forth on Schedule 5.5 that, taking into account the availability
of any appeals, could reasonably be expected to increase materially the likelihood of a Material Adverse Effect resulting therefrom.

 

Section 5.6           
Rights in Properties; Liens.

 

(a)              
Each Loan Party and its Subsidiaries has good and indefeasible title to or valid leasehold interests in its respective Properties,
including the Properties reflected in the financial statements described in Section 5.2, and none of the Properties
of any Loan Party or any of its Subsidiaries is subject to any Lien, except Permitted Liens.

 

(b)              
Schedule 5.6(b) sets forth a complete and accurate list of all real Property owned by each Loan Party and each of
its Subsidiaries on the Closing Date, showing as of the date hereof the street address, county or other relevant jurisdiction, state and
record owner thereof. Each Loan Party and each of its Subsidiaries has good, indefeasible and insurable fee simple title to the real Property
owned by such Loan Party or such Subsidiary.

 

(c)              
 Schedule 5.6(c) sets forth a complete and accurate list of all Leases under which any Loan Party or any of its Subsidiaries
is the lessee on the Closing Date, showing as of the date hereof the street address, county or other relevant jurisdiction, state, lessor,
lessee, expiration date and annual rental cost thereof. Each such Lease is a legal, valid and binding obligation of the lessor thereof,
enforceable in accordance with its terms, except as enforceability is limited by bankruptcy, insolvency, reorganization, moratorium or
other applicable Laws relating to or affecting generally the enforcement of creditors’ rights and except to the extent that availability
of the remedy of specific performance or injunctive relief is subject to the discretion of the court before which any proceeding therefor
may be brought.

 

    CREDIT AGREEMENT – Page 91

     

    

 

Section 5.7           
Enforceability. This Agreement constitutes, and the other Loan Documents to which any Loan Party is a party,
when delivered, shall constitute legal, valid, and binding obligations of such Person, enforceable against such Person in accordance
with their respective terms, except as limited by Debtor Relief Laws.

 

Section 5.8           
Approvals. No authorization, approval, or consent of, and no filing or registration with, any Governmental Authority
or third party (other than filings and registrations to perfect Liens) is or will be necessary for the execution, delivery, or performance
by any Loan Party of this Agreement and the other Loan Documents to which such Person is or may become a party or the validity or enforceability
thereof.

 

Section 5.9           
Taxes. Each Loan Party and its Subsidiaries has filed on a timely basis all Tax Returns required to be filed,
including all income, franchise, employment, Property, and sales Tax Returns. Each such Tax Return is true, correct and complete in all
respects. Each Loan Party and its Subsidiaries has paid all of its respective liabilities for Taxes, assessments, governmental charges,
and other levies that are due and payable (whether or not shown on any Tax Return), other than Taxes, if any, set forth on Schedule
5.9, the payment of which is being contested in good faith and by appropriate proceedings and reserves for the payment of which
are being maintained in accordance with GAAP. Each Loan Party knows of no pending investigation of any Loan Party or any of its Subsidiaries
by any taxing authority or of any pending but unassessed tax liability of any Loan Party or any of its Subsidiaries. No claim has ever
been made or is expected to be made by any Governmental Authority in a jurisdiction where any Loan Party or its Subsidiaries does not
file Tax Returns that it is or may be subject to taxation by that jurisdiction. Each Loan Party and its Subsidiaries has not given or
been requested to give waivers or extensions (or is or would be subject to a waiver or extension given by any other Person) of any statute
of limitations relating to the payment of Taxes of each Loan Party or its Subsidiaries or for which each Loan Party or its Subsidiaries
may be liable. No Loan Party or any Subsidiary thereof is, or has been party to any Tax sharing agreement, Tax allocation agreement,
Tax indemnity obligation or similar written or unwritten agreement, arrangement, understanding or practice with respect to Taxes.

 

Section 5.10        Use
of Proceeds; Margin Securities. The proceeds of the Revolving Credit Borrowings shall be used by Borrowers for working
capital in the ordinary course of business, capital expenditures and other general corporate purposes. No Loan Party nor any of its
Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of
purchasing or carrying margin stock (within the meaning of Regulations T, U, or X of the Board of Governors of the Federal Reserve
System), and no part of the proceeds of any Loan will be used to purchase or carry any margin stock or to extend credit to others
for the purpose of purchasing or carrying margin stock. No part of the proceeds of any Loan will be used directly or indirectly to
fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person, or in any other
manner that will result in any violation by any Person (including any Lender, any Arranger or Administrative Agent) of any
Anti-Terrorism Laws, Anti-Corruption Laws or any Sanctions.

 

    CREDIT AGREEMENT – Page 92

     

    

 

Section 5.11       
ERISA; Canadian Defined Benefit Plans.

 

(a)              
Each Plan that is intended to qualify under Section 401(a) of the Code has received a favorable determination letter from
the IRS or an application for such a letter is currently being processed by the IRS with respect thereto and, to the knowledge of each
Loan Party, nothing has occurred which would prevent, or cause the loss of, such qualification. No application for a funding waiver or
an extension of any amortization period pursuant to Section 412 of the Code has been made with respect to any Plan. There are no
pending or, to the knowledge of any Loan Party, threatened claims, actions or lawsuits, or action by any Governmental Authority with respect
to any Plan or Multiemployer Plan. There has been no Prohibited Transaction or violation of the fiduciary responsibility rules with respect
to any Plan or Multiemployer Plan. No ERISA Event has occurred or is reasonably expected to occur. No Plan has any Unfunded Pension Liability.
No Multiemployer Plan is insolvent within the meaning of Section 4245 of ERISA. No Loan Party or ERISA Affiliate has incurred, or reasonably
expects to incur, any liability under Title IV of ERISA with respect to any Plan (other than premiums due and not delinquent under Section 4007
of ERISA). No Loan Party or ERISA Affiliate has incurred, or reasonably expects to incur, any liability (and no event has occurred which,
with the giving of notice under Section 4219 of ERISA, would result in such liability) under Section 4201 of ERISA with respect
to a Multiemployer Plan. No Loan Party or ERISA Affiliate has engaged in a transaction that could be subject to Section 4069 or 4212(c)
of ERISA.

 

(b)              
No Loan Party sponsors, maintains, participates in, contributes to, or has otherwise incurred liability under, a Canadian Defined
Benefit Plan.

 

Section 5.12       
Disclosure.

 

(a)              
No statement, information, report, representation, or warranty made by any Loan Party in this Agreement or in any other Loan Document
or furnished to Administrative Agent or any Lender in connection with this Agreement or any of the transactions contemplated hereby contains
any untrue statement of a material fact or omits to state any material fact necessary to make the statements herein or therein not misleading.
There is no fact known to any Loan Party which could reasonably be expected to have a Material Adverse Effect, or which might in the future
could reasonably be expected to have a Material Adverse Effect that has not been disclosed in writing to Administrative Agent and each
Lender.

 

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

 

    CREDIT AGREEMENT – Page 93

     

    

 

Section
5.13        Subsidiaries.
No Loan Party has any Subsidiaries other than those listed on Schedule 5.13 (and,
if subsequent to the Specified Contribution Effective Date, such additional Subsidiaries have been formed or acquired in compliance with
Section 6.13(a)) and Schedule 5.13 sets
forth the jurisdiction of incorporation or organization of each Subsidiary and the percentage of each Loan Party’s ownership interest
in such Subsidiary. Schedule 5.13 also sets forth the name and jurisdiction of
incorporation or organization of Parent and the percentage of Parent’s ownership interest in Company. All of the outstanding capital
stock or other Equity Interests of Parent and each Subsidiary described on Schedule 5.13 have
been validly issued, are fully paid, and are nonassessable. There are no outstanding subscriptions, options, warrants, calls, rights
or other agreements or commitments of any nature relating to any Equity Interests of any Loan Party or any Subsidiary.

 

Section 5.14       
Agreements. No Loan Party nor any of its Subsidiaries is a party to any indenture, loan, or credit agreement,
or to any lease or other agreement or instrument, or subject to any charter or corporate or other organizational restriction, in each
case which could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. No Loan Party nor any of
its Subsidiaries is in default in any respect in the performance, observance, or fulfillment of any of the obligations, covenants, or
conditions contained in any agreement or instrument material to its business to which it is a party which could, individually or in the
aggregate, reasonably be expected to have a Material Adverse Effect.

 

Section 5.15       
Compliance with Laws. No Loan Party nor any of its Subsidiaries is in violation in any material respect of any
Law, rule, regulation, order, or decree of any Governmental Authority or arbitrator.

 

Section 5.16       
Inventory. All Inventory of each Loan Party and its Subsidiaries has been and will hereafter be produced or
maintained in compliance with all applicable Laws, rules, regulations, and governmental standards, including, without limitation, the
minimum wage and overtime provisions of the Fair Labor Standards Act (29 U.S.C. §§ 201-219).

 

Section 5.17       
Regulated Entities. No Loan Party nor any of its Subsidiaries is (a) an “investment company”
or a company “controlled” by an “investment company” within the meaning of the Investment Company Act
of 1940 or (b) subject to regulation under any other federal or state statute, rule or regulation limiting its ability to incur
Debt, pledge its assets or perform its obligations under the Loan Documents. No Loan Party is an Affected Financial Institution.

 

Section 5.18       
Environmental Matters.

 

(a)              
Each Loan Party and its Subsidiaries, and all of their respective Properties, assets, and operations, are in compliance with all
Environmental Laws. No Loan Party is aware of, nor has any Loan Party received notice of, any past, present, or future conditions, events,
activities, practices, or incidents which may interfere with or prevent the compliance or continued compliance of each Loan Party and
its Subsidiaries with all Environmental Laws;

 

(b)               Each
Loan Party and its Subsidiaries has obtained all permits, licenses, and authorizations that are required under applicable
Environmental Laws, and all such permits are in good standing and each Loan Party and its Subsidiaries are in compliance with all of
the terms and conditions of such permits;

 

    CREDIT AGREEMENT – Page 94

     

    

 

(c)              
No Hazardous Materials exist on, about, or within, or have been used, generated, stored, transported, disposed of on, or Released
from, any of the Properties or assets of any Loan Party or any of its Subsidiaries in violation of, or in a manner or to a location that
could give rise to liability under, any applicable Environmental Laws. The use which each Loan Party and its Subsidiaries make and intend
to make of their respective Properties and assets will not result in the use, generation, storage, transportation, accumulation, disposal,
or Release of any Hazardous Material on, in, or from any of their Properties or assets in violation of, or in a manner that could give
rise to liability under, any applicable Environmental Laws;

 

(d)              
No Loan Party or any of its Subsidiaries nor any of their respective currently or previously owned or leased Properties or operations
is subject to any outstanding or threatened order from or agreement with any Governmental Authority or other Person or subject to any
judicial or docketed administrative proceeding with respect to (i) any failure to comply with Environmental Laws, (ii) any Remedial
Action, or (iii) any Environmental Liabilities arising from a Release or threatened Release;

 

(e)              
There are no conditions or circumstances associated with the currently or previously owned or leased Properties or operations of
any Loan Party or any of its Subsidiaries that could reasonably be expected to give rise to any Environmental Liabilities;

 

(f)               
No Loan Party nor any of its Subsidiaries is a treatment, storage, or disposal facility requiring a permit under the Resource Conservation
and Recovery Act, 42 U.S.C. § 6901 et seq., regulations thereunder or any comparable provision of state Law. Each Loan Party
and its Subsidiaries are in compliance with all applicable financial responsibility requirements of all Environmental Laws;

 

(g)              
No Loan Party nor any of its Subsidiaries has filed or failed to file any notice required under applicable Environmental Law reporting
a Release; and

 

(h)              
No Lien arising under any Environmental Law has attached to any Property or revenues of any Loan Party or any of its Subsidiaries.

 

Section 5.19       
Intellectual Property. Each Loan Party and each of its Subsidiaries owns, or is licensed to use, all Intellectual
Property necessary to conduct its business as currently conducted except for such Intellectual Property the failure of which to own or
license could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

 

Section
5.20        Anti-Corruption
Laws; Sanctions; Etc.

 

(a)              
No Loan Party, Subsidiary, Affiliate of any Loan Party or, to the knowledge of any Loan Party, any director, officer, employee,
agent, or Affiliate of a Loan Party or any of its Subsidiaries is an individual or entity (“person”) that is, or is
owned or Controlled by persons that are: (i) the subject of any Sanctions, or (ii) located, organized or resident in a country
or territory that is, or whose government is, the subject of Sanctions (including, Crimea, Cuba, Iran, North Korea, Sudan and Syria).

 

    CREDIT AGREEMENT – Page 95

     

    

 

(b)              
The Loan Parties, their Subsidiaries and their respective directors, officers and employees and, to the knowledge of the Loan Parties,
the agents of the Loan Parties and their Subsidiaries, are in compliance with all applicable Sanctions and with the FCPA and any other
applicable Anti-Corruption Law, in all material respects. Each Loan Party and its Subsidiaries have instituted and maintain policies and
procedures designed to promote and achieve continued compliance with applicable Sanctions, the FCPA and any other applicable Anti-Corruption
Laws.

 

Section 5.21       
Patriot Act; Canadian AML Legislation. The Loan Parties, each of their Subsidiaries, and each of their Affiliates
are in compliance with (a) the Trading with the Enemy Act, and each of the foreign assets control regulations of the United States
Treasury Department (31 CFR, Subtitle B Chapter V, as amended), and all other enabling legislation or executive order
relating thereto, (b) the Patriot Act, (c) Canadian AML Legislation and (d) all other federal or state Laws relating to “know
your customer” (collectively, the “Anti-Terrorism Laws”).

 

Section 5.22       
Insurance. The Properties of each Loan Party and its Subsidiaries are insured with financially sound and reputable
insurance companies not Affiliates of any Loan Party, 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 such Loan Party or the applicable Subsidiary operates.

 

Section 5.23       
Solvency. After giving effect to the transactions contemplated hereby (including each Credit Extension hereunder),
(a) the aggregate assets (after giving effect to amounts that could reasonably be received by reason of indemnity, offset, insurance
or any similar arrangement), at a fair valuation, of the Loan Parties, taken as a whole, will exceed the aggregate liabilities of the
Loan Parties on a consolidated basis, as their liabilities become absolute and mature, (b) each of the Loan Parties will not have
incurred or intended to incur, and will not believe that it will incur, liabilities beyond its ability to pay such liabilities (after
taking into account the timing and amounts of cash to be received by each of the Loan Parties and the amounts to be payable on or in
respect of its liabilities, and giving effect to amounts that could reasonably be received by reason of indemnity, offset, insurance
or any similar arrangement) as such liabilities become absolute and mature, and (c) each of the Loan Parties will not have (and
will have no reason to believe that it will have thereafter) unreasonably small capital for the conduct of its business.

 

Section 5.24       
Security Documents. The provisions of the Security Documents are effective to create in favor of Administrative
Agent for the benefit of the Secured Parties a legal, valid and enforceable Lien (subject to Permitted Liens) on all right, title and
interest of the respective Loan Parties party thereto in the Collateral. Except for filings completed prior to the Closing Date and as
contemplated hereby and by the Security Documents, no filing or other action will be necessary to perfect such Liens in Collateral.

 

Section
5.25        Labor
Matters. There are no labor controversies pending, or to the best knowledge of any Loan Party,
threatened against any Loan Party or any of its Subsidiaries which could reasonably be expected to have a Material Adverse Effect.

 

    CREDIT AGREEMENT – Page 96

     

    

 

Section 5.26       
Material Agreements. Schedule 5.26 sets forth a complete and correct list of all agreements in
effect or to be in effect on the Closing Date and on the date of each update thereof required hereunder, to the extent that a default,
breach, termination or other impairment thereof could reasonably be expected to have a Material Adverse Effect.

 

Section 5.27       
Additional Representations of Guarantors. Each Guarantor (a) has received, or will receive, direct or indirect
benefit from the making of the Guaranty and the Obligations, and (b) is familiar with, and has independently reviewed the books and records
regarding, the financial condition of Borrowers and is familiar with the value of any and all Collateral intended to be created as security
for the payment of the Obligations, but such Guarantor is not relying on such financial condition, such Collateral, or the agreement
of any other party as an inducement to enter into this Agreement and provide the Guaranty. Each Guarantor confirms that neither Administrative
Agent, any Lender, any other Guarantor, nor any other party has made any representation, warranty or statement to such Guarantor in order
to induce such Guarantor to execute this Agreement and provide the Guaranty.

 

Section
5.28        Qualified
ECP Guarantor. Each Borrower is a Qualified ECP Guarantor.

 

Article 6.

AFFIRMATIVE COVENANTS

 

Each Loan Party covenants
and agrees that, as long as the Obligations or any part thereof are outstanding or any Letter of Credit shall remain outstanding or any
Lender has any Commitment hereunder:

 

Section 6.1           
Reporting Requirements. Borrowers will furnish, or cause to be furnished, to Administrative Agent (with copies
for each Lender upon Administrative Agent’s request):

 

(a)              
Annual Financial Statements. As soon as available, and in any event within one hundred twenty (120) days after the last
day of each fiscal year of Company, a copy of the annual audit report of Company and its Subsidiaries for such fiscal year containing,
on a consolidated basis, balance sheets and statements of income, retained earnings, and cash flow as of the end of such fiscal year and
for the twelve (12)-month period then ended, in each case (other than for the fiscal year ending December 31, 2020) setting forth in comparative
form the figures for the preceding fiscal year, all in reasonable detail and audited and certified by independent certified public accountants
of recognized standing acceptable to Administrative Agent, to the effect that such report has been prepared in accordance with GAAP and
containing no material qualifications or limitations on scope;

 

(b)               Interim
Financial Statements. (i) At any time prior to and after the consummation of a Qualified IPO, as soon as available, and in any
event within thirty (30) days after the last day of each fiscal month, and (ii) at any time on or after the consummation of a
Qualified IPO, as soon as available, and in any event within fifty (50) days after the last day of each fiscal quarter (or, if
earlier, on the date on which the Parent’s quarterly financial statements are required to be filed with the SEC after giving
effect to any permitted extensions pursuant to Rule 12b-25 under the Exchange Act)), in either case, a copy of an unaudited
financial report of Company and its Subsidiaries as of the end of such month or fiscal quarter, as applicable, and for the portion
of the fiscal year then ended, containing, on a consolidated basis, respectively, balance sheets and statements of income, retained
earnings, and cash flow, in each case setting forth in comparative form and figures for the corresponding period of the preceding
fiscal year, all in reasonable detail certified by a Responsible Officer of Company to have been prepared in accordance with GAAP
and to fairly and accurately present (subject to year-end audit adjustments) the financial condition and results of operations of
Company and its Subsidiaries, on a consolidated basis, as of the dates and for the periods indicated therein;

 

    CREDIT AGREEMENT – Page 97

     

    

 

(c)              
Borrowing Base Report. As soon as available (or contemporaneously with a Disposition of Generator Packages, Generator Units
or Field Units pursuant to Section 7.8(f)), and in any event within twenty (20) days after the last day of each fiscal month,
a Borrowing Base Report, calculating the Borrowing Base and reflecting the components of the Borrowing Base, including (i) Eligible Accounts
of each of the Borrowers as of the end of the preceding month and calculating the advance amounts based thereon, together with the Account
Agings, (ii) Eligible Inventory, Eligible Generator Units, Eligible New Generator Units, and Eligible Field Units of each of the Borrowers
as of the end of the preceding month and calculating the advance amounts based thereon and (iii) such worksheets detailing the Accounts
excluded from Eligible Accounts and Inventory (including Generator Units and Field Units) excluded from Eligible Inventory, Eligible Generator
Units, Eligible New Generator Units and Eligible Field Units, as the case may be, and the reason for such exclusion; provided that
if a Trigger Period is in effect, a Borrowing Base Report and related documentation shall be due on or before the third (3rd) Business
Day of each week (or contemporaneously with a Disposition of Generator Packages, Generator Units or Field Units pursuant to Section
7.8(f) during a Trigger Period) calculating the Borrowing Base and reflecting the Eligible Accounts, the Eligible Inventory, Eligible
Generator Units, Eligible New Generator Units and Eligible Field Units of each of the Borrowers as of the end of the preceding week and
calculating the advance amounts based thereon. Such report shall also reflect the amount of sales and receipts of Borrowers during the
preceding period and such other information as Administrative Agent may reasonably request;

 

(d)               Compliance
Certificate. Concurrently with the delivery of each of the financial statements referred to in Section 6.1(a) and
each of the financial statements delivered for each fiscal quarter or the last month of each fiscal quarter pursuant to Section
6.1(b), as applicable, a Compliance Certificate (i) certifying, in the case of the financial statements delivered under Sections
6.1(a) and 6.1(b), as applicable, that such statements present fairly in all material respects the financial
condition and results of operations of Company and its Subsidiaries on a consolidated basis in accordance with GAAP consistently
applied, subject to normal year-end audit adjustments and the absence of footnotes, (ii) stating that to the best of the
knowledge of the Responsible Officer executing same, no Default has occurred and is continuing, or if a Default has occurred and is
continuing, a statement as to the nature thereof and the action which is proposed to be taken with respect thereto,
(iii) showing in reasonable detail the calculations demonstrating compliance with the covenants set forth in Article 8 and
calculation of the Leverage Ratio for purposes of calculating the Applicable Margin, (iv) stating whether any change in GAAP or in
the application thereof has occurred since the date of the audited financial statements most recently delivered pursuant to Section
6.1(a) above and, if any such change has occurred, specifying the effect of such change on the financial statements
accompanying such certificate and (v) containing such other certifications set forth therein. For any financial statements delivered
electronically by a Responsible Officer in satisfaction of the reporting requirements set forth in clause (a) or (b)
preceding that are not accompanied by the required Compliance Certificate, that Responsible Officer shall nevertheless be deemed to
have certified the factual matters described in this clause (d) with respect to such financial statements; however,
such deemed certificate shall not excuse or be construed as a waiver of Company’s obligation to deliver the required
Compliance Certificate;

 

    CREDIT AGREEMENT – Page 98

     

    

 

(e)              
Projections. Commencing with respect to the fiscal year ending December 31, 2019, as soon as available, but in any event
not earlier than thirty (30) days before and not later than thirty (30) days after the end of each fiscal year of Company, forecasts prepared
by management of Company, in form and substance satisfactory to Administrative Agent, of consolidated balance sheets of income or operations
and cash flows of Company and its Subsidiaries on a monthly basis for the immediately following fiscal year;

 

(f)               
Notice of Litigation. Promptly after the commencement thereof, notice of all actions, suits, and proceedings before any
Governmental Authority or arbitrator affecting any Loan Party or any of its Subsidiaries which, if determined adversely to such Loan Party
or such Subsidiary, could reasonably be expected to have a Material Adverse Effect;

 

(g)              
Notice of Default. As soon as possible and in any event within five (5) days after the occurrence of any Default, a
written notice setting forth the details of such Default and the action that the applicable Loan Party has taken and proposes to take
with respect thereto;

 

(h)              
ERISA Reports. Promptly after the filing or receipt thereof, copies of all reports, including annual reports, and notices
which any Loan Party or ERISA Affiliate files with or receives from the PBGC, the IRS, or the U.S. Department of Labor under ERISA; as
soon as possible and in any event within five (5) days after any Loan Party or any ERISA Affiliate knows or has reason to know that
any ERISA Event or Prohibited Transaction has occurred with respect to any Plan or Multiemployer Plan, a certificate of the chief financial
officer or other Responsible Officer of the applicable Loan Party setting forth the details as to such ERISA Event or Prohibited Transaction
and the action that the applicable Loan Party proposes to take with respect thereto; annually, a copy of the notice described in Section 101(f)
of ERISA that any Loan Party or ERISA Affiliate files or receives with respect to a Plan or Multiemployer Plan;

 

(i)                
 Updates to Security Document Schedules. Upon Administrative Agent’s request, at the time of delivery of the Compliance
Certificate delivered in connection with the financial statements pursuant to Sections 6.1(a) and 6.1(b),
updates to all Schedules to the Security Documents to the extent that information contained in such Schedules has become inaccurate or
incomplete since delivery thereof and such Schedules are required to be updated from time to time pursuant to the terms of the applicable
Security Document;

 

    CREDIT AGREEMENT – Page 99

     

    

 

(j)                
Insurance. Upon Administrative Agent’s request, at the time of delivery of the Compliance Certificate delivered in
connection with the annual financial statements pursuant to Section 6.1(a), a report summarizing the insurance coverage
(specifying type, amount and carrier) in effect for each Loan Party and its Subsidiaries and containing such additional information as
Administrative Agent, or any Lender through Administrative Agent, may reasonably specify;

 

(k)              
Notice of Material Adverse Effect. As soon as possible and in any event within five (5) days after the occurrence thereof,
written notice of any event or circumstance that could reasonably be expected to have a Material Adverse Effect;

 

(l)                
 Account Agings. As soon as available and in any event within twenty (20) days (or earlier if a Trigger Period is in effect
or if deemed necessary by Administrative Agent in its sole discretion) after the end of each fiscal month, consolidated and consolidating
agings of all accounts payable and accounts receivable of the Borrowers (the “Account Agings”) showing each
such account which is current and each such account which is thirty (30), sixty (60), ninety (90), and over ninety (90) days past invoice
date and, with respect to accounts receivable, reconciling such aging with the Borrowing Base Reports;

 

(m)            
Inventory Report(s).As soon as available and in any event within twenty (20) days after the end of each calendar month
(or earlier if a Trigger Period is in effect or if deemed necessary by Administrative Agent in its sole discretion), an Inventory perpetual
report for the Borrowers and a schedule that lists Inventory (including Generator Units and Field Units) by item, quantity, cost, location,
customer, utilization, leased or rented out or held for lease or rent, appraised or not appraised in most recent appraisal, and eligible
or ineligible as Eligible Inventory;

 

(n)              
Monthly Customer Statements. If requested by Administrative Agent, as soon as available and in any event within twenty (20)
days (or earlier to the extent available and a Trigger Period is then in effect) after the end of each fiscal month, monthly customer
statements of the Borrowers;

 

(o)              
Notice of Certain Changes. Promptly, (i) notice of any change in the business conducted by any Loan Party or any of
its Subsidiaries, (ii) copies of any amendment, restatement, supplement or other modification to any of the Constituent Documents
of any Loan Party or any of its Subsidiaries and (iii) notice of any change in the information provided in the Beneficial Ownership Certification
that would result in a change to the list of beneficial owners identified in parts (c) or (d) of such certification;

 

    CREDIT AGREEMENT – Page 100

     

    

 

(p)              
 Management Letters. Promptly upon receipt thereof, a copy of any management letter or written report submitted to Company
or any of its Subsidiaries by independent certified public accountants with respect to the business, condition (financial or otherwise),
operations, prospects, or Properties of Company or any of its Subsidiaries;

 

(q)              
General Information. Promptly, such other information concerning any Loan Party, any of its Subsidiaries or any of their
respective Properties as Administrative Agent, or any Lender through Administrative Agent, may from time to time request, including, without
limitation, any certification or other evidence Administrative Agent requests in order for it to (i) comply with any applicable federal,
state, provincial or territorial Laws or regulations (including, but not limited to, information about the ownership and management of
any Loan Party), (ii) confirm compliance by any Loan Party with all Anti-Terrorism Laws, and (iii) confirm that no Loan Party
(nor any Person owning any interest of any nature whatsoever in any Loan Party) is a Sanctioned Person;

 

(r)               
Quarterly Financial Statements. As soon as available, and in any event within sixty (60) days after the last day of each
fiscal quarter of FlexEnergy, a copy of an unaudited financial report of FlexEnergy and its Subsidiaries as of the end of such quarter
and for the portion of the fiscal year then ended, containing, on a consolidated basis, respectively, balance sheets and statements of
income, retained earnings, and cash flow, in each case setting forth in comparative form and figures for the corresponding period of the
preceding fiscal year, all in reasonable detail and prepared in accordance with GAAP and to fairly and accurately present (subject to
year-end audit adjustments) the financial condition and results of operations of FlexEnergy and its Subsidiaries, on a consolidated basis,
as of the dates and for the periods indicated therein; and

 

(s)               
Additional Information. If requested by Administrative Agent, (i) cash receipt journals or copies of checks, invoices for
new billings, sales journals and backup for all miscellaneous credits and debits, purchases journals and cost of goods sold reports and
inventory reports, which support a Borrowing Base report, (ii) a schedule detailing each Borrower’s Inventory, in form satisfactory
to Administrative Agent, (A) by location (showing Inventory in transit and any Inventory located with a third party under any consignment,
bailee arrangement or warehouse agreement), by product type (including Generator Units or Field Units), and by volume on hand, which Inventory
shall be valued at the lower of cost or market (which approximates cost) and adjusted for Availability Reserves as Administrative Agent
has previously indicated to the Borrowers are deemed by Administrative Agent to be appropriate, and (B) including a report of any variances
or other results of Inventory counts performed by the Borrowers since the last Inventory schedule (including information regarding sales
or other reductions, additions, returns, credits issued by the Borrowers and complaints and claims made against any Borrower) and (iii)
a status report regarding each uptime energy, servicing or lease agreement covering any Generator Unit or Field Units, including whether
such uptime energy, servicing or lease agreement has been amended, restated, modified or terminated during such period and delivering
a copy of any new uptime energy, servicing or lease agreement or any amendment, modification or termination of any uptime energy, servicing
or lease agreement.

 

All representations and warranties set forth in
the Loan Documents with respect to any financial information concerning any Loan Party shall apply to all financial information delivered
to Administrative Agent by such Loan Party, or any Person purporting to be a Responsible Officer of such Loan Party or other representative
of such Loan Party regardless of the method of such transmission to Administrative Agent or whether or not signed by such Loan Party,
or such Responsible Officer or other representative, as applicable.

 

    CREDIT AGREEMENT – Page 101

     

    

 

Section 6.2           
Maintenance of Existence; Conduct of Business. Each Loan Party shall, and shall cause each of its Subsidiaries
to, preserve and maintain its existence and all of its leases, privileges, licenses, permits, franchises, qualifications, and rights
that are necessary or desirable in the ordinary conduct of its business, except to the extent a failure to so preserve and maintain could
not reasonably be expected to have a Material Adverse Effect. Each Loan Party shall, and shall cause each of its Subsidiaries to, conduct
its business in an orderly and efficient manner in accordance with good business practices.

 

Section 6.3           
Maintenance of Properties. Each Loan Party shall, and shall cause each of its Subsidiaries to, maintain, keep,
and preserve all of its Properties (tangible and intangible) necessary or useful in the proper conduct of its business in good working
order and condition (reasonable wear and tear excepted).

 

Section 6.4           
Taxes and Claims. Each Loan Party shall, and shall cause each of its Subsidiaries to, pay or discharge at or
before maturity or before becoming delinquent (a) all Taxes, levies, assessments, and governmental charges imposed on it or its
income or profits or any of its Property, and (b) all lawful claims for labor, material, and supplies, which, if unpaid, might become
a Lien upon any of its Property; provided, however, that no Loan Party nor any of its Subsidiaries shall be required to
pay or discharge any Tax, levy, assessment, or governmental charge which is being contested in good faith by appropriate proceedings
diligently pursued, and for which adequate reserves in accordance with GAAP have been established.

 

Section 6.5           
Insurance.Each Loan Party shall, and shall cause each of its Subsidiaries to, maintain insurance with financially
sound and reputable insurance companies satisfactory to Administrative Agent in such amounts and covering such risks as is usually carried
by companies engaged in similar businesses and owning similar Properties in the same general areas in which such Loan Party and its Subsidiaries
operate, provided that in any event each Loan Party will maintain and cause each of its Subsidiaries to maintain workmen’s compensation
insurance, property insurance and comprehensive general liability insurance with coverage amounts and deductibles reasonably satisfactory
to Administrative Agent. Each insurance policy shall name Administrative Agent as lender loss payee or additional insured, as applicable,
and each such insurance policy shall provide that such policy will not be cancelled or reduced without 30 days’ prior written notice
to Administrative Agent (or 10 days in the case of nonpayment of premium).

 

Section 6.6           
Inspection Rights; Field Examinations; Appraisals.

 

(a)               Each
Loan Party shall, and shall cause each of its Subsidiaries to, permit representatives and independent contractors of Administrative
Agent and each Lender (i) to examine, inspect, review, evaluate and make physical verifications of the Inventory (including
Generator Units and Field Units) and other Collateral in any manner and through any medium that Administrative Agent or such Lender
considers advisable, (ii) to visit and inspect its Properties, (iii) to examine its corporate, financial and operating records, and
make copies thereof or abstracts therefrom and (iv) to discuss its affairs, business, operations, financial condition and accounts
with its directors, officers, employees and independent certified public accountants, all at the expense of Borrowers and at such
reasonable times during normal business hours and as often as may be reasonably requested; provided that, other than with respect to
such visits and inspections during the continuance of an Event of Default, (A) only Administrative Agent on behalf of the Lenders
may exercise rights under this clause (a) and (B) subject to Section 6.6(c), Administrative Agent shall
not exercise such rights more often than one time during any period of twelve (12) consecutive months; provided, further, that when
an Event of Default exists Administrative Agent or any Lender (or any of their respective representatives or independent
contractors) may do any of the foregoing under this Section at the expense of Borrowers and at any time during normal business hours
and without advance notice.

 

    CREDIT AGREEMENT – Page 102

     

    

 

(b)              
Each Loan Party shall, and shall cause each of its Subsidiaries to, permit any representatives designated by Administrative Agent
(including any consultants, accountants, lawyers and appraisers retained by Administrative Agent) to conduct field exams of the Accounts
of the Loan Parties all at the expense of Borrowers and at such reasonable times; provided that Borrowers shall not be required
to pay for more than one such field exam in any period of twelve (12) consecutive months unless an Event of Default has occurred and is
continuing (in which case any limit of the number of field exams Administrative Agent may conduct shall not apply and any such field exams
conducted when an Event of Default has occurred and is continuing shall be at the sole cost and expense of Borrowers).

 

(c)              
Each Loan Party shall, and shall cause each of its Subsidiaries to, permit any representatives designated by Administrative Agent
(including any consultants, accountants, lawyers and appraisers retained by Administrative Agent) to conduct third-party appraisals or
updates thereof of the Inventory (including Generator Units and Field Units) owned by the Loan Parties, all at the expense of Borrowers
and at such reasonable times; provided that Borrowers shall not be required to pay for more than two such third-party appraisals
in any period of twelve (12) consecutive months unless an Event of Default has occurred and is continuing (in which case any such third-party
appraisal conducted when an Event of Default has occurred and is continuing shall be at the sole cost and expense of Borrowers).

 

Section 6.7           
Keeping Books and Records. Each Loan Party shall, and shall cause each of its Subsidiaries to, maintain proper
books of record and account in which full, true, and correct entries in conformity with GAAP shall be made of all dealings and transactions
in relation to its business and activities.

 

Section 6.8           
Compliance with Laws. Each Loan Party shall, and shall cause each of its Subsidiaries to, comply in all material
respects with all applicable Laws (including, without limitation, all Anti-Terrorism Laws, Anti-Corruption Laws and applicable Sanctions)
and decrees of any Governmental Authority or arbitrator.

 

Section
6.9           
Compliance with Agreements.
Each Loan Party shall, and shall cause each of its Subsidiaries to, comply in all material respects with all agreements, contracts, and
instruments binding on it or affecting its Properties or business, except to the extent a failure to so comply could not reasonably be
expected to have a Material Adverse Effect.

 

Section 6.10       
Further Assurances. Each Loan Party shall, and shall cause each of its Subsidiaries and each other Loan Party
to, execute and deliver such further agreements and instruments and take such further action as may be reasonably requested by Administrative
Agent or any Lender to carry out the provisions and purposes of this Agreement and the other Loan Documents and to create, preserve,
and perfect the Liens of Administrative Agent in the Collateral.

 

    CREDIT AGREEMENT – Page 103

     

    

 

Section 6.11       
ERISA. Each Loan Party shall, and shall cause each of its Subsidiaries to, comply with all minimum funding requirements,
and all other material requirements, of ERISA and the Code, if applicable, so as not to give rise to any liability thereunder.

 

Section 6.12       
Depository Relationship; Control Agreements; Blocked Accounts. Within sixty (60) days after the Closing Date
(or such longer period as agreed to by Administrative Agent in its sole discretion), each Loan Party shall, and shall cause each of its
Subsidiaries to, (a) use the financial institution serving as Administrative Agent as its principal depository bank, including for the
maintenance of business, cash management, operating and administrative deposit accounts, (b) cause all commodity accounts, deposit accounts
and securities accounts (in each case, excluding those accounts which are Excluded Accounts) to be subject to a Control Agreement in
favor of Administrative Agent, in form and substance reasonably satisfactory to Administrative Agent, which provides that Administrative
Agent shall have exclusive “Control” (as defined in the UCC) of such account and (c) will cause all collection and other
Receipts to be directed to Blocked Accounts in accordance with Section 2.11. Loan Parties will at all times maintain Blocked
Accounts required by Section 2.11.

 

Section 6.13       
Additional Loan Parties; Additional Collateral.

 

(a)               Each
Loan Party shall notify Administrative Agent at the time that any Person becomes a Subsidiary of such Loan Party, and promptly
thereafter (and in any event within thirty (30) days (or such longer period as agreed to by Administrative Agent in its sole
discretion)) (i) execute and deliver or cause to be delivered to Administrative Agent all Security Documents, stock certificates,
stock powers and other agreements and instruments as may be requested by Administrative Agent to ensure that Administrative Agent
has a perfected Lien on all ownership interests (other than Excluded Assets) held by such Loan Party in such Subsidiary, and (ii)
cause such new Subsidiary to (A) become a Guarantor and/or a Borrower by executing and delivering to Administrative Agent a
Guaranty (or a joinder to Guaranty) and/or a Joinder Agreement, (B) execute and deliver all Security Documents (or joinders or
assumptions thereto) requested by Administrative Agent pledging to Administrative Agent for the benefit of the Secured Parties all
of its Property (other than Excluded Assets or such other exceptions as Administrative Agent may permit) and take all actions
required by Administrative Agent to grant to Administrative Agent for the benefit of Secured Parties a perfected first priority
(subject to Permitted Liens) security interest in such Property, including the filing of UCC and/or PPSA financing statements in
such jurisdictions as may be requested by Administrative Agent, and (C) deliver to Administrative Agent such other documents
and instruments as Administrative Agent may require, including appropriate favorable opinions of counsel to such Person in form,
content and scope reasonably satisfactory to Administrative Agent.

 

(b)              
Company will at all times cause Parent or any other holder of the direct Equity Interests in Company to be a party to the Parent
Pledge Agreement and pledge 100% of the Equity Interests in Company that such Person owns (including, to the extent such Equity Interests
are certificated, delivery of original stock certificates evidencing such Equity Interests, together with an appropriate undated membership
power for each certificate duly executed in blank by the registered owner thereof).

 

    CREDIT AGREEMENT – Page 104

     

    

 

(c)              
Each Loan Party will cause 100% of the issued and outstanding Equity Interests of each of its Subsidiaries to be subject at all
times to a first priority, perfected Lien in favor of the Administrative Agent, for the benefit of the Administrative Agent and the other
Secured Parties, pursuant to the terms and conditions of the Loan Documents or other Security Documents as Administrative Agent shall
reasonably request.

 

(d)              
Company will at all times cause Canadian Borrower to be a party to the Canadian Security Agreement.

 

Section 6.14       
Inventory; Collateral Access Agreements. If any Loan Party’s Inventory is located at a location leased
by such Loan Party or in the possession or control of any Person (other than a customer of such Loan Party), the Borrower Representative
shall notify the landlord or such Person, as applicable, of Administrative Agent’s security interest therein and, upon request
by Administrative Agent, instruct such Person to execute a Collateral Access Agreement or otherwise acknowledge in writing its agreement
to hold all such Inventory for the benefit of Administrative Agent and subject to Administrative Agent’s instructions; provided
that if the Borrower Representative is unable to have such Person execute a Collateral Access Agreement, then such failure shall not
constitute a Default or Event of Default under this Agreement, but Administrative Agent may establish a Rent Reserve. If so requested
by Administrative Agent, the Borrower Representative and such other Loan Parties (as promptly as possible after requested by Administrative
Agent but in any event within five (5) Business Days after any such request is made) will deliver (i) to Administrative Agent warehouse
receipts covering any Loan Party’s Inventory located in warehouses showing Administrative Agent as the beneficiary thereof and
(ii) to the warehouseman such agreements relating to the release of warehouse Inventory as Administrative Agent may reasonably request.

 

Section 6.15       
Certificates of Title. The Loan Parties shall (a) cause Administrative Agent to be named as lienholder on all
of their (i) Generator Units that are evidenced by a certificate of title, (ii) New Generator Units acquired after the Closing Date that
are evidenced by a certificate of title and (iii) Field Units that are evidenced by a certificate of title, in each case, in accordance
with Section 4.3(d) of the U.S. Security Agreement and (b) identify the location and serial numbers or vehicle identification numbers
of any Generator Units, New Generator Units and Field Units that are serial number goods on and after the Third Amendment Effective Date,
in each case in accordance with Section 3.4 of the Canadian Security Agreement.

 

Section
6.16        Sanctions;
Anti-Corruption Laws. Each Loan Party will maintain in effect policies and procedures designed
to promote compliance by such Loan Party, its Subsidiaries, and their respective directors, officers, employees, and agents with applicable
Sanctions and with the FCPA and any other applicable Anti-Corruption Laws.

 

    CREDIT AGREEMENT – Page 105

     

    

 

Section 6.17       
Post-Closing Obligations.

 

(a)              
Within thirty (30) days following the Closing Date (or such longer period as agreed to by the Administrative Agent in its sole
discretion), the Loan Parties shall deliver (or cause to be delivered) to the Administrative Agent copies of all lender loss payable and
additional insured endorsements with respect to the insurance policies required pursuant to Section 6.5.

 

(b)              
Within thirty (30) days following the Closing Date (or such longer period as agreed to by the Administrative Agent in its sole
discretion), the Loan Parties shall deliver (or cause to be delivered) to the Administrative Agent (i) Certificate No. 1 issued to Company
evidencing 3,000 shares of Common Shares of Flex Power Co., (ii) an undated stock power executed in blank by a Responsible Officer of
Company with respect to such stock certificate, (iii) Certificate No. 2AC issued to Flex Power Co. evidencing 65 shares of Class A Common
Shares of Canadian Borrower and (iv) an undated stock power executed in blank by a Responsible Officer of Flex Power Co. with respect
to such stock certificate.

 

For the avoidance of doubt,
the Loan Parties’ failure to comply with any requirement of this Section 6.17 on or before the dates specified in
this Section 6.17 shall constitute an immediate Event of Default.

 

Article 7.

NEGATIVE COVENANTS

 

Each Loan Party covenants
and agrees that, as long as the Obligations or any part thereof are outstanding or any Letter of Credit is outstanding or any Lender has
any Commitment hereunder:

 

Section 7.1           
Debt. Each Loan Party shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, incur,
create, assume, or permit to exist any Debt, except:

 

(a)              
the Obligations (other than Hedge Obligations);

 

(b)              
existing Debt described on Schedule 7.1;

 

(c)              
purchase money Debt and Capitalized Lease Obligations not to exceed $2,500,000 in the aggregate at any time outstanding;

 

(d)               (i)
Debt of any Loan Party owing to any other Loan Party, (ii) Debt of any Subsidiary that is not a Guarantor owing to any other
Subsidiary that is not a Guarantor, and (iii) Debt of any Subsidiary that is not a Guarantor owing to any Loan Party that is
permitted under Section 7.5;

 

    CREDIT AGREEMENT – Page 106

     

    

 

(e)              
Debt owed to any Person providing workers’ compensation, health, disability or other employee benefits or property, casualty
or liability insurance, performance, bid, surety or appeal bonds, performance and completion guarantees and similar obligations, pursuant
to reimbursement or indemnification obligations to such Person, in each case incurred in the ordinary course of business;

 

(f)               
endorsements of negotiable or similar instruments for collection or deposit in the ordinary course of business;

 

(g)              
with respect to any Debt permitted to be incurred pursuant to this Section 7.1, guaranties of such Debt or guaranties
by any Loan Party or any of its Subsidiaries of such Debt;

 

(h)              
Debt incurred in the ordinary course of business owed to any Person providing property, casualty, liability, or other insurance
to the Loan Parties, including to finance insurance premiums, so long as the amount of such Debt is not in excess of the amount of the
unpaid cost of, and shall be incurred only to defer the cost of, such;

 

(i)                
Hedge Obligations existing or arising under Hedge Agreements permitted by Section 7.17; and

 

(j)                
other Debt not to exceed $2,500,000 in the aggregate at any time outstanding.

 

Section 7.2           
Limitation on Liens. Each Loan Party shall not, and shall not permit any of its Subsidiaries to, incur, create,
assume, or permit to exist any Lien upon any of its Property, assets, or revenues, whether now owned or hereafter acquired, except:

 

(a)              
existing Liens disclosed on Schedule 7.2;

 

(b)              
Liens in favor of the Secured Parties or Administrative Agent for the benefit of Secured Parties;

 

(c)              
encumbrances consisting of minor easements, zoning restrictions, or other restrictions on the use of real Property that do not
(individually or in the aggregate) materially affect the value of the assets encumbered thereby or materially impair the ability of any
Loan Party or its Subsidiaries to use such assets in their respective businesses, and none of which is violated in any material respect
by existing or proposed structures or land use;

 

(d)              
Liens for taxes, assessments, or other governmental charges which are not delinquent or which are being contested in good faith
and for which adequate reserves in accordance with GAAP have been established and for which such contest operates to suspend the enforcement
of any foreclosure or levy on any Property of each Loan Party or any of its Subsidiary;

 

    CREDIT AGREEMENT – Page 107

     

    

 

(e)              
 Liens of landlords, vendors, mechanics, materialmen, warehousemen, carriers, or other similar statutory Liens securing obligations
incurred in the ordinary course of business that are not yet due or which are being contested in good faith and for which adequate reserves
in accordance with GAAP have been established and for which such contest operates to suspend the enforcement of any foreclosure or levy
on any Property of each Loan Party or any of its Subsidiaries;

 

(f)               
Liens resulting from good faith deposits to secure payments of workmen’s compensation, unemployment insurance or other social
security programs (other than Liens imposed by ERISA) or to secure the performance of tenders, statutory obligations, surety and appeal
bonds, bids, contracts (other than for payment of Debt), or leases made in the ordinary course of business;

 

(g)              
normal and customary rights of setoff upon deposits in favor of depository institutions, and Liens of a collecting bank on payment
items in the course of collection;

 

(h)              
purported Liens evidenced by the filing of precautionary UCC or PPSA financing statements relating solely to operating leases or
consignments of personal property entered into in the ordinary course of business;

 

(i)                
Liens granted in the ordinary course of business on the unearned portion of insurance premiums securing the financing of insurance
premiums to the extent the financing is permitted under Section 7.1(h);

 

(j)                
purchase money Liens on specific Property to secure Debt used to acquire such Property and Liens securing Capitalized Lease Obligations
with respect to specific leased Property, in each case to the extent permitted in Section 7.1(c); and

 

(k)              
other Liens securing Debt not to exceed $500,000 in the aggregate at any time outstanding.

 

Nothing in this Section
7.2 shall in and of itself cause the obligations of the Loan Parties to the Secured Parties under or pursuant to the Loan Documents
to be subordinated to any Lien permitted by this Section 7.2 or cause any Liens in favor of the Secured Parties to rank
subordinate to any such permitted Liens.

 

Section 7.3           
Mergers, Etc. Each Loan Party shall not, and shall not permit any of its Subsidiaries to, directly or indirectly,
become a party to a division, merger, amalgamation or consolidation, or purchase or otherwise acquire all or substantially all of the
assets of any Person or any shares or other evidence of beneficial ownership of any Person, or wind-up, dissolve, or liquidate, except
that (a) any Subsidiary of Company may merge, amalgamate or consolidate with any Borrower so long as such Borrower is the surviving
entity, (b) any Subsidiary of Company may merge, amalgamate or consolidate with another Subsidiary so long as if such Subsidiary
that is a Guarantor is involved in such merger, amalgamation or consolidation, such Guarantor is the surviving entity and (c) any Person
may merge, amalgamate or consolidate with or into any Loan Party provided such Loan Party shall be the surviving entity.

 

    CREDIT AGREEMENT – Page 108

     

    

 

Section
7.4           
Restricted Payments.
Each Loan Party shall not, nor shall it permit any of its Subsidiaries to, declare or make, or agree to pay or make, directly or indirectly,
any Restricted Payment, except:

 

(a)              
each Loan Party may make Restricted Payments with respect to its Equity Interests payable solely in additional shares of its Equity
Interests (other than Disqualified Equity Interests);

 

(b)              
Subsidiaries may declare and pay dividends and other Restricted Payments, directly or indirectly, to Company and any other Subsidiary
of Company that is a Loan Party;

 

(c)              
so long as no Default or Event of Default exists or would result therefrom, the Company may make Permitted Tax Distributions to
the Parent;

 

(d)              
so long as no Default or Event of Default exists or would result therefrom, the Company may make Restricted Payments to allow the
Parent or Ultimate Parent, as applicable, to pay Qualified IPO Expenses in an aggregate amount not to exceed (i) $1,672,603.11 during
the period commencing on July 9, 2020 through (but not including) the Fifth Amendment Effective Date and (ii) $400,000 during the period
commencing on the Fifth Amendment Effective Date through and including February 28, 2022; and

 

(e)              
commencing January 1, 2020, the Loan Parties and their Subsidiaries may make other Restricted Payments so long as the Payment Conditions
have been satisfied at the time such Restricted Payment is made.

 

Section 7.5           
Loans and Investments. Each Loan Party shall not, and shall not permit any of its Subsidiaries to, directly
or indirectly, make, hold or maintain, any advance, loan, extension of credit, or capital contribution to or investment in, or purchase
any stock, bonds, notes, debentures, or other securities of, any Person, except:

 

(a)              
existing investments described on Schedule 7.5;

 

(b)              
readily marketable direct obligations of the U.S. or any agency thereof with maturities of one (1) year or less from the date of
acquisition;

 

(c)              
fully insured certificates of deposit with maturities of one (1) year or less from the date of acquisition issued by either (i) any
commercial bank operating in the U.S. having capital and surplus in excess of $50,000,000 or (ii) any Lender;

 

(d)              
commercial paper of a domestic issuer if at the time of purchase such paper is rated in one (1) of the two (2) highest rating categories
of Standard and Poor’s Corporation or Moody’s Investors Service;

 

(e)              
investments by a Borrower or a Guarantor in another Borrower or Guarantor;

 

(f)               
investments consisting of Hedge Agreements permitted under Section 7.17;

 

    CREDIT AGREEMENT – Page 109

     

    

 

 

(g)              
 advances or extensions of credit in the form of accounts receivable incurred and trade credit extended in the ordinary course
of business;

 

(h)              
investments in securities of account debtors received pursuant to any settlement, restructuring, plan of reorganization or similar
arrangement in connection with a foreclosure, bankruptcy workout or otherwise with respect to such account debtors, or upon the foreclosure
or enforcement of any Lien on such securities arising in the ordinary course of business in favor of a Loan Party or its Subsidiaries;

 

(i)                
loans or advances made by a Loan Party to its employees for travel and entertainment expenses, relocation costs and similar purposes
up to a maximum of $250,000 in the aggregate at any one time outstanding or, on a non-cash basis, for the purchase of Equity Interests
in any Loan Party or any direct or indirect parent thereof; and

 

(j)                
other investments so long as (i) no Event of Default shall have occurred and be continuing at the time of making such investment
and immediately after giving effect thereto and (ii) the aggregate amount of all such investments under this clause (j) shall not exceed
$2,000,000 at any time.

 

Section 7.6           
Limitation on Issuance of Equity. Each Loan Party shall not, and shall not permit any of its Subsidiaries to,
directly or indirectly, issue, sell, assign, or otherwise Dispose of (a) any of its stock or other Equity Interests, (b) any
securities exchangeable for or convertible into or carrying any rights to acquire any of its stock or other Equity Interests, (c) any
option, warrant, or other right to acquire any of its stock or other Equity Interests or (d) any Disqualified Equity Interests, in each
case, other than (x) to any Loan Party or another Subsidiary or (y) the issuance of any Equity Interests in the Company (other than Disqualified
Equity Interests) to the Parent.

 

Section 7.7           
Transactions With Affiliates. Except with respect to the making of Restricted Payments permitted by Section
7.4, Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, enter into any transaction,
including, without limitation, the purchase, sale, or exchange of Property, the rendering of any service or the payment of any management,
advisory or similar fees, with any Affiliate of Company or such Subsidiary, except in the ordinary course of and pursuant to the reasonable
requirements of Company’s or such Subsidiary’s business, pursuant to a transaction which is otherwise expressly permitted
under this Agreement, and upon fair and reasonable terms no less favorable to Company or such Subsidiary than would be obtained in a
comparable arm’s-length transaction with a Person not an Affiliate of Company or such Subsidiary; provided that on and after
the Fifth Amendment Effective Date, (a) the aggregate amount of intercompany receivables owing by Affiliates of the Company to the Company
or its Subsidiaries to the extent such receivables are for transactions permitted by Section 7.5 and do not otherwise constitute
a sale of goods or the rendering of services that is similar to other arm’s-length transactions with a Person that is not an Affiliate
of the Company or such Subsidiary shall not exceed (i) $17,700,000 at any time outstanding prior to the consummation of a Qualified IPO
and (ii) $12,700,000 at any time outstanding on or after the consummation of a Qualified IPO, and (b) to the extent unreimbursed, the
aggregate amount of prepaid expenses made by the Company or any of its Subsidiaries to or on behalf of any of its Affiliates shall not
exceed $11,000,000 at any time outstanding. Commencing on the Fifth Amendment Effective Date, the restrictions set forth in this Section
7.7 shall not apply to any payment of any management, development and engineering service fees and any expense reimbursement
payments for general and administrative services made by the Company pursuant to the Management Services Agreement (collectively, the
 “Management Fees”) so long as (A) the aggregate amount of such fees and expenses do not exceed an amount of
$200,000 in any calendar month and (B) such fees and expenses are not at any time paid in cash and in lieu thereof are accounted for
by offsetting the amount of accounts receivable owed to the Company by one or more of its Affiliates, if any. 

 

    CREDIT AGREEMENT – Page 110

     

    

 

Section 7.8           
Disposition of Assets. Each Loan Party shall not, and shall not permit any of its Subsidiaries to, directly
or indirectly make any Disposition, except (a) Dispositions of Inventory in the ordinary course of business, (b) Dispositions, for fair
value, of worn-out, surplus and obsolete equipment not necessary or useful to the conduct of business, (c) Dispositions of Equity Interests
permitted by Section 7.6, (d) Dispositions of Property to any Loan Party or any Subsidiary, provided that any such Disposition
involving a Subsidiary that is not a Loan Party shall be made in compliance with Sections 7.5 or 7.6, (e) the unwinding
of any Hedge Agreement, (f) Dispositions of Generator Packages, Generator Units or Field Units not to exceed $8,000,000 in the aggregate
in any fiscal year; provided that (i) no Default or Event of Default shall have occurred and be continuing both before and after giving
effect to such Disposition, (ii) Borrowers shall concurrently with such Disposition deliver a pro forma Borrowing Base Report to Administrative
Agent giving effect to such Disposition (with such Disposition, for the avoidance of doubt, calculated based on the Net Orderly Liquidation
Value of such Generator Packages, Generator Units and/or Field Units at such time) and the Borrowing Base shall be adjusted immediately
upon receipt of such Borrowing Base Report to reflect such Disposition, (iii) after giving effect to such Disposition, including the
reduction of the Borrowing Base in accordance with the foregoing clause (ii), Availability shall be equal to or greater than $0 or the
Borrowers shall make any mandatory prepayment pursuant to Section 2.9(c)(i) concurrently with such Disposition, and (iv)
such Disposition shall be made for fair value and for at least 80% cash consideration or (g) other Dispositions (other than with respect
to any Accounts or other Property included in the Borrowing Base at any time) not to exceed $2,000,000 in the aggregate in any fiscal
year.

 

Section 7.9           
Sale and Leaseback. Each Loan Party shall not, and shall not permit any of its Subsidiaries to, directly or
indirectly, enter into any arrangement with any Person pursuant to which it leases from such Person real or personal Property that has
been or is to be sold or transferred, directly or indirectly, by it to such Person.

 

Section 7.10       
Prepayment of Debt. Each Loan Party shall not, and shall not permit any of its Subsidiaries to, directly or
indirectly, make any optional or voluntary payment, prepayment, repurchase or redemption of any Debt, except the Obligations under the
Loan Documents.

 

Section 7.11       
Nature of Business. Each Loan Party shall not, and shall not permit any of its Subsidiaries to, engage in any
business other than the businesses in which they are engaged as of the date hereof or businesses directly related thereto. Each Loan
Party shall not, and shall not permit any of its Subsidiaries to, make any material change in its credit collection policies if such
change would materially impair the collectability of any Account, nor will it rescind, cancel or modify any Account except in the ordinary
course of business.

 

Section
7.12        Environmental
Protection. Each Loan Party shall not, and shall not permit any of its Subsidiaries to, directly or indirectly (a) use (or
permit any tenant to use) any of their respective Properties or assets for the handling, processing, storage, transportation, or disposal
of any Hazardous Material in violation of, or in a manner or to a location that could give rise to liability under, any applicable Environmental
Laws, (b) generate any Hazardous Material in violation of any applicable Environmental Laws, (c) conduct any activity that
is likely to cause a Release or threatened Release of any Hazardous Material in violation of any applicable Environmental Laws, or (d) otherwise
conduct any activity or use any of their respective Properties or assets in any manner that is likely to violate any Environmental Law
or create any Environmental Liabilities for which any Loan Party or any of its Subsidiaries would be responsible.

 

    CREDIT AGREEMENT – Page 111

     

    

 

Section 7.13       
Accounting. Each Loan Party shall not, and shall not permit any of its Subsidiaries to, change its fiscal year
or make any change (a) in accounting treatment or reporting practices, except as required by GAAP and disclosed to Administrative
Agent and Lenders, or (b) in tax reporting treatment, except as required by Law and disclosed to Administrative Agent and Lenders.

 

Section 7.14       
Burdensome Agreements. Each Loan Party shall not, and shall not permit any of its Subsidiaries or any other
Loan Party to, enter into or permit to exist any arrangement or agreement, other than pursuant to this Agreement or any other Loan Document,
which (a) directly or indirectly prohibits Company, any of its Subsidiaries or any other Loan Party from creating or incurring a
Lien on any of its Property, revenues, or assets, whether now owned or hereafter acquired, (b) directly or indirectly prohibits
any of its Subsidiaries or any other Loan Party to make any payments, directly or indirectly, to any other Loan Party by way of dividends,
distributions, advances, repayments of loans, repayments of expenses, accruals, or otherwise or (c) in any way would be contravened
by such Person’s performance of its obligations hereunder or under the other Loan Documents; provided that clause
(a) of the foregoing shall not apply to restrictions or conditions imposed by any agreement relating to secured Debt permitted
by this Agreement if such restrictions or conditions apply only to the property or assets securing such Debt.

 

Section 7.15       
Subsidiaries. Each Loan Party shall not, directly or indirectly, form or acquire any Domestic Subsidiary unless
such Loan Party complies with the requirements of Section 6.13(a), 6.13(c) and 6.13(d), as applicable. Except with
respect to the existence of Canadian Borrower, no Loan Party shall form or acquire any Foreign Subsidiaries.

 

Section 7.16       
Amendments of Certain Documents. Each Loan Party shall not, and shall not permit any of its Subsidiaries to,
amend, restate, supplement or otherwise modify (a) any of their respective Constituent Documents or (b) the Management Services Agreement,
in each case, in a manner adverse to the interest of the Lenders (it being understood that any expansion in the scope of expenses or
increase in any fees payable to any Affiliate of the Company pursuant to the Management Services Agreement shall be deemed to be adverse
to the interests of the Lenders).

 

Section 7.17       
Hedge Agreements. Each Loan Party shall not, and shall not permit any of its Subsidiaries to, enter into any
Hedge Agreement, except those that are entered into for non-speculative purposes and that are (a) Hedge Agreements entered into
to hedge or mitigate risks to which such Loan Party or any Subsidiary thereof has actual exposure which have terms and conditions reasonably
acceptable to Administrative Agent, and (b) other Hedge Agreements entered into in order to effectively cap, collar or exchange
interest rates (from fixed to floating rates, from one floating rate to another floating rate or otherwise) with respect to any interest-bearing
liability or investment, Debt of such Loan Party or any of its Subsidiaries limited to the principal amount of such interest-bearing
liability or investment or Debt which have terms and conditions reasonably acceptable to Administrative Agent.

 

    CREDIT AGREEMENT – Page 112

     

    

 

Section 7.18       
Anti-Corruption Laws; Sanctions; Anti-Terrorism Law. Each Loan Party will not, directly or indirectly, use the
proceeds of the Loans or Letters of Credit, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture
partner or other Person, (a) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money,
or anything else of value, to any Person in violation of the FCPA or any other applicable Anti-Corruption Law, or (b) (i) to
fund any activities or business of or with any Person, or in any country or territory, that, at the time of such funding, is, or whose
government is, the subject of Sanctions, or (ii) in any other manner that would result in a violation of Sanctions by any Person
(including any Person participating in the Loans or Letters of Credit, whether as Administrative Agent, Arranger, Lender, underwriter,
advisor, investor, or otherwise).

 

Section 7.19       
Negative Pledge. Each Loan Party shall not, and shall not permit any of its Subsidiaries to, directly or indirectly,
enter into, incur or permit to exist any agreement or other arrangement that limits the ability of such Loan Party or Subsidiary to create,
incur, assume or suffer to exist Liens on any real estate owned by such Loan Party or Subsidiary to secure the Obligations.

 

Section 7.20       
Canadian Defined Benefit Plan. No Loan Party shall sponsor, maintain, participate in, contribute to, or have
or otherwise incur liability under, a Canadian Defined Benefit Plan.

 

Article 8.

FINANCIAL COVENANTS

 

Each Loan Party covenants
and agrees that, as long as the Obligations or any part thereof are outstanding or any Letter of Credit is outstanding or any Lender has
any Commitment hereunder:

 

Section 8.1           
Leverage Ratio. Company shall not permit the Leverage Ratio to be greater than (a) 4.00 to 1.00 as of the last
day of any fiscal quarter ending March 31, 2019 through September 30, 2019 and (b) 3.50 to 1.00 as of the last day of any fiscal quarter
ending on and after December 31, 2019.

 

Section 8.2           
Fixed Charge Coverage Ratio. Company shall not permit the Fixed Charge Coverage Ratio to be less than (a) 1.10
to 1.00 as of the last day of any fiscal quarter ending March 31, 2019 through September 30, 2019 and (b) 1.25 to 1.00 as of the last
day of any fiscal quarter ending on and after December 31, 2019.

 

    CREDIT AGREEMENT – Page 113

     

    

 

Article 9.

DEFAULT

 

Section 9.1           
Events of Default. Each of the following shall be deemed an “Event of Default”:

 

(a)              
Any Loan Parties shall fail to pay the Obligations under the Loan Documents or any part thereof shall not be paid when due or declared
due and, other than with respect to payments of principal, such failure shall continue unremedied for three (3) Business Days after such
payment became due;

 

(b)              
Any Loan Party shall breach any provision of Sections 6.1, 6.2 (with respect to a Loan Party’s
existence), 6.5, 6.12, 6.13, 6.16 or 6.17 or Article 7
or Article 8 of this Agreement;

 

(c)              
Any representation or warranty made or deemed made by Parent or any Loan Party (or any of their respective officers) in any Loan
Document or in any certificate, report, notice, or financial statement furnished at any time in connection with this Agreement or any
other Loan Document shall be false, misleading, or erroneous in any material respect (without duplication of any materiality qualifier
contained therein) when made or deemed to have been made;

 

(d)              
Parent, Company, any of its Subsidiaries, or any other Loan Party or any Subsidiary of any Loan Party shall fail to perform, observe,
or comply with any covenant, agreement, or term contained in this Agreement or any other Loan Document (other than as covered by Sections 9.1(a)
and (b)), and such failure continues for more than thirty (30) days following the date such failure first began;

 

(e)              
Parent, Company or any of its Subsidiaries, or any other Loan Party or any Subsidiary of any Loan Party shall commence a voluntary
proceeding seeking liquidation, reorganization, or other relief with respect to itself or its debts under any bankruptcy, insolvency,
or other Debtor Relief Law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian, monitor
or other similar official of it or a substantial part of its Property or shall consent to any such relief or to the appointment of or
taking possession by any such official in an involuntary case or other proceeding commenced against it or shall make a general assignment
for the benefit of creditors or shall generally fail to pay its debts as they become due or shall take any corporate action to authorize
any of the foregoing;

 

(f)               
An involuntary proceeding shall be commenced against Parent, Company or any of its Subsidiaries, or any other Loan Party or any
Subsidiary of any Loan Party seeking liquidation, reorganization, or other relief with respect to it or its debts under any bankruptcy,
insolvency, or other Debtor Relief Law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian,
monitor or other similar official for it or a substantial part of its Property, and such involuntary proceeding shall remain undismissed
and unstayed for a period of thirty (30) consecutive days;

 

    CREDIT AGREEMENT – Page 114

     

    

 

(g)              
 Company, any of its Subsidiaries, or any other Loan Party or any Subsidiary of any Loan Party shall fail to pay when due any principal
of or interest on any Debt (other than the Obligations under the Loan Documents) with an outstanding principal amount of $1,000,000 or
more, or the maturity of any such Debt shall have been accelerated, or any such Debt shall have been required to be prepaid, repurchased,
defeased or redeemed prior to the stated maturity thereof or any cash collateral in respect thereof to be demanded, or any event shall
have occurred that permits (or, with the giving of notice or lapse of time or both, after any applicable cure periods, would permit) any
holder or holders of such Debt, or the counterparty under any Hedge Agreement constituting such Debt, or any Person acting on behalf of
such holder or holders or such counterparty to accelerate the maturity thereof or require any such prepayment, repurchase, defeasance
or redemption or any cash collateral in respect thereof to be demanded;

 

(h)              
This Agreement, the Guaranty or any other Loan Document shall cease to be in full force and effect or shall be declared null and
void or the validity or enforceability thereof shall be contested or challenged by the Parent, Company, any of its Subsidiaries, any other
Loan Party or any Subsidiary of any Loan Party or any of their respective equity holders, or Parent or any Loan Party shall deny that
it has any further liability or obligation under any of the Loan Documents, or any Lien created by the Loan Documents shall for any reason
cease to be a valid, first priority perfected Lien (subject to Permitted Liens) upon any of the Collateral purported to be covered thereby;

 

(i)                
Any of the following events shall occur or exist with respect to any Loan Party or any ERISA Affiliate: (i) any ERISA Event
occurs with respect to a Plan or Multiemployer Plan, or (ii) any Prohibited Transaction involving any Plan or Multiemployer Plan;
and in each case above, such event or condition, together with all other events or conditions, if any, have subjected or could in the
reasonable opinion of Administrative Agent subject any Loan Party or any ERISA Affiliate to any tax, penalty, or other liability to a
Plan, a Multiemployer Plan, the PBGC, the IRS, the U. S. Department of Labor, or otherwise (or any combination thereof) which in the aggregate
exceed or could reasonably be expected to exceed $1,000,000;

 

(j)                
A Change of Control shall occur;

 

(k)              
Company, any of its Subsidiaries, or any other Loan Party or any Subsidiary of any Loan Party, or any of their Properties, revenues,
or assets, shall become subject to an order of forfeiture, seizure, or divestiture (whether under RICO or otherwise) and the same shall
not have been discharged within thirty (30) days from the date of entry thereof;

 

(l)                
Company, any of its Subsidiaries, or any other Loan Party or any Subsidiary of any Loan Party shall fail to discharge within a
period of thirty (30) consecutive days after the commencement thereof any attachment, sequestration, or similar proceeding or proceedings
involving an aggregate amount in excess of $500,000 against any of its assets or Properties; or

 

(m)             A
final judgment or judgments for the payment of money in excess of $500,000 not covered by insurance in the aggregate (and to which
the applicable insurer has not denied coverage) shall be rendered by a court or courts against Company, any of its Subsidiaries, or
any other Loan Party or any Subsidiary of any Loan Party and the same shall not be discharged (or provision shall not be made for
such discharge), or a stay of execution thereof shall not be procured, within thirty (30) consecutive days from the date of entry
thereof and Company, such Subsidiary, or such Loan Party or such Subsidiary of such Loan Party shall not, within such period of
thirty (30) consecutive days, or such longer period during which execution of the same shall have been stayed, appeal therefrom and
cause the execution thereof to be stayed during such appeal.

 

    CREDIT AGREEMENT – Page 115

     

    

 

Section 9.2           
Remedies Upon Default. If any Event of Default shall occur and be continuing, then Administrative Agent may,
with the consent of Required Lenders, or shall, at the direction of Required Lenders, without notice do any or all of the following:
(a) terminate the Commitments of Lenders (except for funding obligations of outstanding Letters of Credit), (b) terminate the
obligations of L/C Issuer to make L/C Credit Extensions, (c) terminate the commitment of Swing Line Lender to make Swing Line Loans,
(d) require that Borrowers Cash Collateralize the L/C Obligations (in an amount equal to the Minimum Collateral Amount with respect
thereto), or (e) declare the Obligations (other than the Obligations arising out of Bank Product Agreements) or any part thereof
to be immediately due and payable, and the same shall thereupon become immediately due and payable, without notice, demand, presentment,
notice of dishonor, notice of acceleration, notice of intent to accelerate, notice of intent to demand, protest, or other formalities
of any kind, all of which are hereby expressly waived by each Borrower and each other Loan Party; provided, however, that
upon the occurrence of an Event of Default under Section 9.1(e) or (f), the Commitments of Lenders shall
automatically terminate (except for funding obligations of outstanding Letters of Credit), the obligations of L/C Issuer to make L/C
Credit Extensions shall automatically terminate, the commitment of Swing Line Lender to make Swing Line Loans shall automatically terminate,
the obligation of each Borrower to Cash Collateralize the L/C Obligations as aforesaid shall automatically become effective, and the
Obligations (other than the Obligations arising out of Bank Product Agreements) shall become immediately due and payable, in each case
without notice, demand, presentment, notice of dishonor, notice of acceleration, notice of intent to accelerate, notice of intent to
demand, protest, or other formalities of any kind, all of which are hereby expressly waived by each Borrower and each other Loan Party.
In addition to the foregoing, if any Event of Default shall occur and be continuing, Administrative Agent may, with the consent of Required
Lenders, or shall, at the direction of Required Lenders, exercise all rights and remedies available to it, Lenders and L/C Issuer in
law or in equity, under the Loan Documents, or otherwise.

 

Section 9.3           
Right to Cure Financial Covenant Non-Compliance(a). Notwithstanding anything to the contrary contained in Section
9.1 or 9.2, in the event Company fails to comply with the financial covenants set forth in Section 8.1
or Section 8.2 as of the last day of such fiscal quarter, subject to the terms and conditions hereof, Company shall have
the right (the “Cure Right”) from the last day of the applicable fiscal quarter until the expiration of the
10th Business Day subsequent to the date by which the financial statements for the last month of such fiscal quarter are required to
be delivered to Administrative Agent pursuant to Section 6.1(b), to receive a Specified EBITDA Equity Contribution in an
aggregate amount equal to, but not greater than, the amount necessary to cause Company to be in compliance with Section 8.1
and Section 8.2 for such period (hereinafter, the “Cure Amount”), and upon the receipt by Company
of the cash proceeds thereof, the financial covenants shall then be recalculated giving effect to the following pro forma adjustments:
Annualized EBITDA and/or EBITDA shall be calculated for the applicable fiscal quarter and any four fiscal quarter period that contains
such fiscal quarter, solely for the purpose of measuring compliance with the financial covenants and not for any other purpose under
this Agreement, by an amount equal to the Cure Amount (it being understood that, with respect to the calculation of Annualized EBITDA,
the Cure Amount will be added after the amount of EBITDA set forth in clause (a) of the definition of Annualized EBITDA has been calculated
for the applicable fiscal month for which Company has failed to comply with the financial covenants set forth in Section 8.2);

 

(b)              
 if, after giving effect to the foregoing recalculations, Company shall then be in compliance with the requirements of all financial
covenants, Company shall be deemed to have been in compliance with such financial covenants as of the relevant date of determination with
the same effect as though there had been no failure to comply therewith at such date, and the applicable breach, Default or Event of Default
of such financial covenants that had occurred shall be deemed not to have occurred for this purpose of the Agreement;

 

    CREDIT AGREEMENT – Page 116

     

    

 

(c)              
notwithstanding anything herein to the contrary, (i) in each four consecutive fiscal quarter period of Company there shall be at
least two fiscal quarters in which the Cure Right is not exercised, (ii) during the term of this Agreement, the Cure Right shall not be
exercised more than five (5) times, (iii) the Cure Amount shall be no greater than the amount required for purposes of complying with
the financial covenants and any amounts in excess thereof shall not be deemed to be a Cure Amount and (iv) there shall be no pro forma
reduction in Debt with the proceeds of any Cure Amount. Notwithstanding any other provision in this Agreement to the contrary, the Cure
Amount received pursuant to any exercise of the Cure Right shall be disregarded for purposes of determining the satisfaction of any Default
or Event of Default condition, any financial ratio-based conditions or tests, the Applicable Margin or other pricing or any available
basket under Article 7 of this Agreement; and

 

(d)              
the mandatory prepayment of the Loans made pursuant to Section 2.9(c) with respect to any cash proceeds of Specified
EBITDA Equity Contribution shall not serve as a reduction to Debt for
purposes of calculating the Leverage Ratio for the four fiscal quarter period then ending (even if the proceeds of any Specified EBITDA
Equity Contribution are actually used to repay Debt, regardless of whether the proceeds of any Specified EBITDA Equity Contribution are
received before or after the last day of such period).

 

Section 9.4           
Application of Funds. After the exercise of remedies provided for in Section 9.2 (or if an
Event of Default exists and the written notice thereof, if any, to any Borrower from Administrative Agent expressly provides that this
Section 9.4 shall thereafter apply to any amounts received on account of the Obligations or after the Loans have automatically
become immediately due and payable), any amounts received on account of the Obligations shall be applied by 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 Administrative Agent) payable to 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 Lenders and L/C Issuer (including fees, charges and disbursements of counsel to the respective Lenders and L/C Issuer)
arising under the Loan Documents, ratably among them in proportion to the respective amounts described in this clause Second
payable to them;

 

    CREDIT AGREEMENT – Page 117

     

    

 

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 arising under the Loan Documents, ratably among Lenders and 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 and constituting unpaid Bank Product
Obligations, ratably among Lenders and Bank Product Providers in proportion to the respective amounts described in this clause Fourth
held by them;

 

Fifth, to 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 any Borrower pursuant to Sections 2.2 and 2.7;

 

Sixth, to payment of
that remaining portion of the Obligations, ratably among the Lenders and Bank Product Providers 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 Borrowers or as otherwise required by Law.

 

Notwithstanding anything to
the contrary herein or in any other Loan Document, no amount received from any Loan Party shall be applied to any Excluded Swap Obligation
of such Loan Party, but appropriate adjustments shall be made with respect to payments from other Loan Parties to preserve allocation
to Obligations otherwise set forth in this Section.

 

Further notwithstanding, Bank
Product Obligations shall be excluded from the application described above if Administrative Agent has not received written notice thereof,
together with supporting documentation as Administrative Agent may request from the applicable Bank Product Provider, provided
that no such notice shall be required for any Bank Product Agreement for which Administrative Agent or any Affiliate of Administrative
Agent is the applicable Bank Product Provider. Each Bank Product Provider that is not a party to this Agreement that has given notice
contemplated by the preceding sentence shall, by such notice, be deemed to have acknowledged and accepted the appointment of Administrative
Agent pursuant to the terms of Article 10 hereof for itself and its Affiliates as if a “Lender” party hereto.

 

Section 9.5           
Performance by Administrative Agent. If any Loan Party shall fail to perform any covenant or agreement contained
in any of the Loan Documents, then Administrative Agent may perform or attempt to perform such covenant or agreement on behalf of such
Loan Party. In such event, Borrowers shall, at the request of Administrative Agent, promptly pay to Administrative Agent any amount expended
by Administrative Agent in connection with such performance or attempted performance, together with interest thereon at the Default Interest
Rate from and including the date of such expenditure to but excluding the date such expenditure is paid in full. Notwithstanding the
foregoing, it is expressly agreed that Administrative Agent shall not have any liability or responsibility for the performance of any
covenant, agreement, or other obligation of any Borrower or any other Loan Party under this Agreement or any other Loan Document.

 

    CREDIT AGREEMENT – Page 118

     

    

 

Article 10.

AGENCY

 

Section 10.1       
Appointment and Authority.

 

(a)              
Each of the Lenders, L/C Issuer, and Swing Line Lender hereby irrevocably appoints Texas Capital Bank to act on its behalf as Administrative
Agent hereunder and under the other Loan Documents and authorizes Administrative Agent to take such actions on its behalf and to exercise
such powers as are delegated to Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably
incidental thereto. The provisions of this Article 10 are solely for the benefit of Administrative Agent, Lenders,
L/C Issuer, and Swing Line Lender, and no Loan Party shall have rights as a third-party beneficiary of any of such provisions. It is understood
and agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar term) with reference
to Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine
of any applicable Law. Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative
relationship between contracting parties.

 

(b)              
Administrative Agent shall also act as the “collateral agent” under the Loan Documents, and each of the Lenders (including
for itself and its Affiliates in their capacities as potential Bank Product Providers) and L/C Issuer hereby irrevocably appoints and
authorizes Administrative Agent to act as the agent of such Lender and L/C Issuer for purposes of acquiring, holding and enforcing any
and all Liens on Collateral granted by any of the Loan Parties to secure any of the Obligations, together with such powers and discretion
as are reasonably incidental thereto. In this connection, Administrative Agent, as “collateral agent” and any co-agents, sub-agents
and attorneys-in-fact appointed by Administrative Agent pursuant to Section 10.5 for purposes of holding or enforcing any
Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder
at the direction of Administrative Agent, shall be entitled to the benefits of all provisions of this Article 10 and Article
11 (including Section 11.1(b), as though such co-agents, sub-agents and attorneys-in-fact were the “collateral
agent” under the Loan Documents) as if set forth in full herein with respect thereto.

 

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

 

    CREDIT AGREEMENT – Page 119

     

    

 

Section 10.3       
Exculpatory Provisions.

 

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

 

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

 

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

 

(iii)           
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 any Loan Party or any of their respective Affiliates that is communicated to
or obtained by the Person serving as Administrative Agent or any of its Affiliates in any capacity; and

 

(iv)            
shall be fully justified in failing or refusing to take any action hereunder or under any other Loan Document unless it shall first
be indemnified to its satisfaction by Lenders pro rata against any and all liability, cost and expense that it may incur by reason of
taking or continuing to take any such action.

 

(b)               Administrative
Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the request of Required Lenders
(or such other number or percentage of Lenders as shall be necessary, or as Administrative Agent shall believe in good faith shall
be necessary, under the circumstances as provided in Sections 9.2 and 10.9), or (ii) in the
absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction by final and
nonappealable judgment. SUCH LIMITATION OF LIABILITY SHALL APPLY REGARDLESS OF WHETHER THE LIABILITY ARISES FROM THE SOLE,
CONCURRENT, CONTRIBUTORY OR COMPARATIVE NEGLIGENCE OF ADMINISTRATIVE AGENT. Administrative Agent shall be deemed not to have
knowledge of any Default unless and until notice describing such Default is given to Administrative Agent in writing by any Loan
Party, a Lender, L/C Issuer, or Swing Line Lender.

 

    CREDIT AGREEMENT – Page 120

     

    

 

(c)              
Neither Administrative Agent nor any Related Party thereof shall 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 4 or elsewhere
herein, other than to confirm receipt of items expressly required to be delivered to Administrative Agent.

 

Section 10.4       
Reliance by Administrative Agent. 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. 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 Credit Extension, that by its terms must be fulfilled to the satisfaction of a Lender,
L/C Issuer, or Swing Line Lender, Administrative Agent may presume that such condition is satisfactory to such Lender, L/C Issuer, or
Swing Line Lender unless Administrative Agent shall have received notice to the contrary from such Lender prior to the making of such
Credit Extension. Administrative Agent may consult with legal counsel (who may be counsel for any Loan Party), 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.

 

Section 10.5       
Delegation of Duties. 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 Administrative Agent. 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 10 shall apply to any such sub agent and to the Related
Parties of Administrative Agent and any such sub agent, and shall apply to their respective activities in connection with the syndication
of the Revolving Credit Facility as well as activities as Administrative Agent. 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 Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub agents.

 

    CREDIT AGREEMENT – Page 121

     

    

 

Section 10.6       
Resignation or Removal of Administrative Agent.

 

(a)              
Administrative Agent may at any time give notice of its resignation to Lenders, L/C Issuer, Swing Line Lender and Borrowers. Upon
receipt of any such notice of resignation, Required Lenders shall have the right, in consultation with Borrowers (so long as no Event
of Default has occurred and is continuing), to appoint a successor, which shall be a bank with an office in Dallas, Texas, or an Affiliate
of any such bank with an office in Dallas, Texas. If no such successor shall have been so appointed by Required Lenders and shall have
accepted such appointment within thirty (30) days after the retiring Administrative Agent gives notice of its resignation (or such earlier
day as shall be agreed by Required Lenders) (the “Resignation Effective Date”), then the retiring Administrative
Agent may (but shall not be obligated to), on behalf of Lenders, L/C Issuer, and Swing Line Lender, appoint a successor Administrative
Agent meeting the qualifications set forth above; provided that in no event shall any successor Administrative Agent be a Defaulting
Lender. Whether or not a successor has been appointed, such resignation shall become effective in accordance with such notice on the Resignation
Effective Date. After the Resignation Effective Date, the provisions of this Article 10 relating to or indemnifying
or releasing Administrative Agent shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Administrative
Agent under this Agreement and the other Loan Documents.

 

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

 

(c)               With
effect from the Resignation Effective Date or the Removal Effective Date (as applicable) (i) the retiring or removed
Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that
in the case of any Collateral held by Administrative Agent on behalf of Secured Parties under any of the Loan Documents, the
retiring or removed Administrative Agent shall continue to hold such Collateral until such time as a successor Administrative Agent
is appointed) and (ii) except for any indemnity, fee or expense payments owed to the retiring or removed Administrative Agent,
all payments, communications and determinations provided to be made by, to or through Administrative Agent shall instead be made by
or to each Lender, L/C Issuer, or Swing Line Lender, as applicable, directly, until such time, if any, as Required Lenders appoint a
successor Administrative Agent as provided for above. Upon the acceptance of a successor’s appointment as Administrative Agent
hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring
or removed Administrative Agent (other than any rights to indemnity payments owed to the retiring or removed Administrative Agent),
and the retiring or removed Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the
other Loan Documents. The fees payable by Borrowers to a successor Administrative Agent shall be the same as those payable to its
predecessor unless otherwise agreed between Borrowers 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 10, Section 11.1,
and Section 11.2 shall continue in effect for the benefit of such retiring or removed Administrative Agent, its
sub agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the
retiring or removed Administrative Agent was acting as Administrative Agent.

 

    CREDIT AGREEMENT – Page 122

     

    

 

(d)              
Any resignation by Texas Capital Bank as Administrative Agent pursuant to this Section shall also constitute its
resignation as L/C Issuer and Swing Line Lender unless the notice thereof otherwise provides. If Texas Capital Bank resigns as an L/C
Issuer, it shall retain all the rights, powers, privileges and duties of 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
Lenders to make Revolving Credit Loans or fund risk participations in Unreimbursed Amounts pursuant to Section 2.2(c).
If Texas Capital Bank resigns as Swing Line Lender, it shall retain all the rights of Swing Line Lender provided for hereunder with respect
to Swing Line Loans made by it and outstanding as of the effective date of such resignation, including the right to require Lenders to
make Revolving Credit Loans or fund risk participations in outstanding Swing Line Loans pursuant to Section 2.3(c).
Upon the appointment by Borrowers of a successor L/C Issuer or Swing Line Lender hereunder (which successor shall in all cases be a Lender
other than a Defaulting Lender), (i) such successor shall succeed to and become vested with all of the rights, powers, privileges
and duties of the retiring L/C Issuer or Swing Line Lender, as applicable, (ii) the retiring L/C Issuer and Swing Line Lender shall
be discharged from all of their respective duties and obligations hereunder or under the other Loan Documents, and (iii) the successor
L/C Issuer shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession
or make other arrangements satisfactory to Texas Capital Bank to effectively assume the obligations of Texas Capital Bank with respect
to such Letters of Credit.

 

Section 10.7       
Non-Reliance on Administrative Agent and Other Lenders. Each Lender, L/C Issuer, and Swing Line Lender expressly
acknowledges that neither Administrative Agent nor any other Lender nor any Related Party thereto has made any representation or warranty
to such Person and that no act by Administrative Agent or any other Lender hereafter taken, including any review of the affairs of any
Loan Party, shall be deemed to constitute any representation or warranty by Administrative Agent or any Lender to any other Lender. Each
Lender, Swing Line Lender and L/C Issuer acknowledges that it has, independently and without reliance upon Administrative Agent or any
other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit
analysis and decision to enter into this Agreement. Each Lender, L/C Issuer, and Swing Line Lender also acknowledges that it will, independently
and without reliance upon Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information
as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon
this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder. Except for notices,
reports and other documents expressly required to be furnished to the Lenders or Swing Line Lender by Administrative Agent hereunder,
Administrative Agent shall not have any duty or responsibility to provide any Lender or Swing Line Lender with any credit or other information
concerning the business, operations, Property, condition (financial or otherwise), or creditworthiness of any Loan Party or the value
of the Collateral or other Properties of any Loan Party or any other Person which may come into the possession of Administrative Agent
or any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates.

 

    CREDIT AGREEMENT – Page 123

     

    

 

Section 10.8       
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, 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 Administrative
Agent shall have made any demand on any Loan Party) shall be entitled and empowered (but not obligated) 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 under the Loan Documents that are owing and unpaid and to file such other documents as may be necessary or advisable
in order to have the claims of Lenders, L/C Issuer, Swing Line Lender, and Administrative Agent (including any claim for the reasonable
compensation, expenses, disbursements and advances of Lenders, L/C Issuer, Swing Line Lender, and Administrative Agent and their respective
agents and counsel and all other amounts due Lenders, L/C Issuer, Swing Line Lender, and Administrative Agent under Section 11.1
or Section 11.2) allowed in such judicial proceeding; and

 

(b)              
to collect and receive any monies or other Property payable or deliverable on any such claims and to distribute the same; and any
custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized
by each Lender, L/C Issuer and Swing Line Lender to make such payments to Administrative Agent and, in the event that Administrative Agent
shall consent to the making of such payments directly to Lenders, L/C Issuer, and Swing Line Lender, as applicable, to pay to Administrative
Agent any amount due for the reasonable compensation, expenses, disbursements and advances of Administrative Agent and its agents and
counsel, and any other amounts due Administrative Agent under Section 11.1 or Section 11.2.

 

Section 10.9       
Collateral and Guaranty Matters.

 

(a)              
The Secured Parties irrevocably authorize Administrative Agent, at its option and in its discretion:

 

(i)                
 to release any Lien on any Property granted to or held by Administrative Agent under any Loan Document (x) upon termination
of all Commitments and payment in full of all Obligations (other than (A) contingent indemnification obligations and (B) obligations
and liabilities under Bank Product Agreements as to which arrangements satisfactory to the applicable Bank Product Provider shall have
been made) and the expiration or termination of all Letters of Credit (other than Letters of Credit as to which other arrangements satisfactory
to Administrative Agent and L/C Issuer shall have been made), (y) that is sold or otherwise disposed of or to be sold or otherwise
disposed of as part of or in connection with any sale or other disposition permitted under the Loan Documents, or (z) if approved,
authorized or ratified in writing by Required Lenders or all Lenders, as applicable, under Section 11.10;

 

    CREDIT AGREEMENT – Page 124

     

    

 

(ii)             
to subordinate any Lien on any Property granted to or held by Administrative Agent under any Loan Document to the holder of any
Lien on such Property that is permitted by Section 7.2; and

 

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

 

Upon request by
Administrative Agent at any time, Required Lenders will confirm in writing Administrative Agent’s authority to release or subordinate
its interest in particular types or items of Property, or to release any Guarantor from its obligations under the Guaranty pursuant to
this Section 10.9. Upon the occurrence of any of the events specified in Section 10.9(a)(i)(x), (y)
or (z) or Section 10.9(a)(iii), at Borrowers’ expense, Administrative Agent shall execute and deliver
to Borrowers such documentation as Borrowers shall reasonably request to release the applicable Collateral from the Liens created by the
Loan Documents and/or release the applicable Guarantor from its obligations under its Guaranty, as the case may be.

 

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

 

Section 10.10   
Bank Product Agreements. No Bank Product Provider who obtains the benefits of Section 9.4, any
Guaranty or any Collateral by virtue of the provisions hereof or of any Guaranty or any Security Document shall have any right to notice
of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of
the Collateral (including the release or impairment of any Collateral) (or to notice of or to consent to any amendment, waiver or modification
of the provisions hereof or of the Guaranty or any Security Document) other than in its capacity as a Lender and, in such case, only
to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Article 10 to
the contrary, Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been
made with respect to, Bank Product Obligations unless Administrative Agent has received written notice of such Bank Product Obligations,
together with such supporting documentation as Administrative Agent may request, from the applicable Bank Product Provider. Administrative
Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Bank Product
Obligations arising under Bank Product Agreements upon termination of all Commitments and payment in full of all Obligations under the
Loan Documents (other than contingent indemnification obligations) and the expiration or termination of all Letters of Credit (other
than Letters of Credit as to which other arrangements satisfactory to Administrative Agent and L/C Issuer shall have been made).

 

    CREDIT AGREEMENT – Page 125

     

    

 

Section
10.11    Erroneous Payments.

 

(a)              
If the Administrative Agent notifies a Lender, L/C Issuer or Secured Party, or any Person who has received funds on behalf
of a Lender, L/C Issuer or Secured Party (any such Lender, L/C Issuer, Secured Party or other recipient, a “Payment Recipient”)
that the Administrative Agent has determined in its sole discretion (whether or not after receipt of any notice under immediately
succeeding clause (b)) that any funds received by such Payment Recipient from the Administrative Agent or any of its Affiliates
were erroneously transmitted to, or otherwise erroneously or mistakenly received by, such Payment Recipient (whether or not known to such
Lender, L/C Issuer, Secured Party or other Payment Recipient on its behalf) (any such funds, whether received as a payment, prepayment
or repayment of principal, interest, fees, distribution or otherwise, individually and collectively, an “Erroneous Payment”)
and demands the return of such Erroneous Payment (or a portion thereof) (provided, that, without limiting any other rights or remedies
(whether at law or in equity), the Administrative Agent may not make any such demand under this clause (a)(i) with respect
to an Erroneous Payment unless such demand is made within 10 Business Days of the date of receipt of such Erroneous Payment by the applicable
Payment Recipient), such Erroneous Payment shall at all times remain the property of the Administrative Agent and shall be segregated
by the Payment Recipient and held in trust for the benefit of the Administrative Agent, and such Lender, L/C Issuer or Secured Party shall
(or, with respect to any Payment Recipient who received such funds on its behalf, shall cause such Payment Recipient to) promptly, but
in no event later than two Business Days thereafter, return to the Administrative Agent the amount of any such Erroneous Payment (or portion
thereof) as to which such a demand was made, in same day funds (in the currency so received), together with interest thereon in respect
of each day from and including the date such Erroneous Payment (or portion thereof) was received by such Payment Recipient to the date
such amount is repaid to the Administrative Agent in same day funds at the greater of the Federal Funds Rate and a rate determined by
the Administrative Agent in accordance with banking industry rules on interbank compensation from time to time in effect. A notice of
the Administrative Agent to any Payment Recipient under this clause (a) shall be conclusive, absent manifest error.

 

(b)               Without
limiting immediately preceding clause (a), each Lender, L/C Issuer or Secured Party, or any Person who has received
funds on behalf of a Lender, L/C Issuer or Secured Party, hereby further agrees that if it receives a payment, prepayment or
repayment (whether received as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise) from the
Administrative Agent (or any of its Affiliates) (x) that is in a different amount than, or on a different date from, that specified
in a notice of payment, prepayment or repayment sent by the Administrative Agent (or any of its Affiliates) with respect to such
payment, prepayment or repayment, (y) that was not preceded or accompanied by a notice of payment, prepayment or repayment sent by
the Administrative Agent (or any of its Affiliates), or (z) that such Lender, L/C Issuer or Secured Party, or other such recipient,
otherwise becomes aware was transmitted, or received, in error or by mistake (in whole or in part) in each case.

 

(i)                
(A) in the case of immediately preceding clauses (x) or (y), an error shall be presumed to have been
made (absent written confirmation from the Administrative Agent to the contrary) or (B) an error has been made (in the case of immediately
preceding clause (z)), in each case, with respect to such payment, prepayment or repayment; and

 

    CREDIT AGREEMENT – Page 126

     

    

 

(ii)             
such Lender, L/C Issuer or Secured Party shall (and shall cause any other recipient that receives funds on its respective behalf
to) promptly (and, in all events, within one Business Day of its knowledge of such error) notify the Administrative Agent of its receipt
of such payment, prepayment or repayment, the details thereof (in reasonable detail) and that it is so notifying the Administrative Agent
pursuant to this Section 10.11(b).

 

(c)              
Each Lender, L/C Issuer or Secured Party hereby authorizes the Administrative Agent to set off, net and apply any and all amounts
at any time owing to such Lender, L/C Issuer or Secured Party under any Loan Document, or otherwise payable or distributable by the Administrative
Agent to such Lender, L/C Issuer or Secured Party from any source, against any amount due to the Administrative Agent under immediately
preceding clause (a) or under the indemnification provisions of this Agreement.

 

(d)               In
the event that an Erroneous Payment (or portion thereof) is not recovered by the Administrative Agent for any reason, after demand
therefor by the Administrative Agent in accordance with immediately preceding clause (a), from any Lender or
L/C Issuer that has received such Erroneous Payment (or portion thereof) (and/or from any Payment Recipient who received such
Erroneous Payment (or portion thereof) on its respective behalf) (such unrecovered amount, an “Erroneous Payment Return
Deficiency”), upon the Administrative Agent’s notice to such Lender or L/C Issuer at any time, (i) such Lender
or L/C Issuer shall be deemed to have assigned its relevant Loans (but not its Commitments) with respect to which such Erroneous
Payment was made (the “Erroneous Payment Impacted Class”) in an amount equal to the Erroneous Payment
Return Deficiency (or such lesser amount as the Administrative Agent may specify) (such assignment of the Loans (but not
Commitments) of the Erroneous Payment Impacted Class, the “Erroneous Payment Deficiency Assignment”) at
par plus any accrued and unpaid interest (with the assignment fee to be waived by the Administrative Agent in such instance), and is
hereby (together with the Borrowers) deemed to execute and deliver an Assignment and Assumption with respect to such Erroneous
Payment Deficiency Assignment, and such Lender or L/C Issuer shall deliver any Notes evidencing such Loans to the Borrowers or the
Administrative Agent, (ii) the Administrative Agent as the assignee Lender shall be deemed to acquire the Erroneous Payment
Deficiency Assignment, (iii) upon such deemed acquisition, the Administrative Agent as the assignee Lender shall become a Lender or
L/C Issuer, as applicable, hereunder with respect to such Erroneous Payment Deficiency Assignment and the assigning Lender or
assigning L/C Issuer shall cease to be a Lender or L/C Issuer, as applicable, hereunder with respect to such Erroneous Payment
Deficiency Assignment, excluding, for the avoidance of doubt, its obligations under the indemnification provisions of this Agreement
and its applicable Commitments which shall survive as to such assigning Lender or assigning L/C Issuer and (iv) the Administrative
Agent may reflect in the Register its ownership interest in the Loans subject to the Erroneous Payment Deficiency Assignment. The
Administrative Agent may, in its discretion, sell any Loans acquired pursuant to an Erroneous Payment Deficiency Assignment and upon
receipt of the proceeds of such sale, the Erroneous Payment Return Deficiency owing by the applicable Lender or L/C Issuer shall be
reduced by the net proceeds of the sale of such Loan (or portion thereof), and the Administrative Agent shall retain all other
rights, remedies and claims against such Lender or L/C Issuer (and/or against any recipient that receives funds on its respective
behalf). For the avoidance of doubt, no Erroneous Payment Deficiency Assignment will reduce the Commitments of any Lender or L/C
Issuer and such Commitments shall remain available in accordance with the terms of this Agreement. In addition, each party hereto
agrees that, except to the extent that the Administrative Agent has sold a Loan (or portion thereof) acquired pursuant to an
Erroneous Payment Deficiency Assignment, and irrespective of whether the Administrative Agent may be equitably subrogated, the
Administrative Agent shall be contractually subrogated to all the rights and interests of the applicable Lender, L/C Issuer or
Secured Party under the Loan Documents with respect to each Erroneous Payment Return Deficiency (the “Erroneous Payment
Subrogation Rights”).

 

    CREDIT AGREEMENT – Page 127

     

    

 

(e)              
The parties hereto agree that an Erroneous Payment shall not pay, prepay, repay, discharge or otherwise satisfy any Obligations
owed by any Borrower or any other Loan Party, except, in each case, to the extent such Erroneous Payment is, and solely with respect to
the amount of such Erroneous Payment that is, comprised of funds received by the Administrative Agent from any Borrower or any other Loan
Party for the purpose of making such Erroneous Payment.

 

(f)               
To the extent permitted by applicable law, no Payment Recipient shall assert any right or claim to an Erroneous Payment, and hereby
waives, and is deemed to waive, any claim, counterclaim, defense or right of set-off or recoupment with respect to any demand, claim or
counterclaim by the Administrative Agent for the return of any Erroneous Payment received, including without limitation waiver of any
defense based on “discharge for value” or any similar doctrine.

 

(g)              
Each party’s obligations, agreements and waivers under this Section 10.11 shall survive the resignation or
replacement of the Administrative Agent, any transfer of rights or obligations by, or the replacement of, a Lender or L/C Issuer, the
termination of the Commitments and/or the repayment, satisfaction or discharge of all Obligations (or any portion thereof) under any Loan
Document.

 

    CREDIT AGREEMENT – Page 128

     

    

 

Article 11.

 

MISCELLANEOUS

 

Section 11.1       
Expenses.

 

(a)              
Each Borrower hereby agrees to pay on demand: (i) all costs and expenses of Arranger, Administrative Agent, L/C Issuer, Swing
Line Lender and their Related Parties in connection with the syndication and distribution of the Revolving Credit Facility and the preparation,
negotiation, execution, delivery and administration of this Agreement and the other Loan Documents and any and all amendments, modifications,
renewals, extensions, supplements, waivers, consents and ratifications thereof and thereto, including, without limitation, the reasonable
fees and expenses of legal counsel, advisors, consultants, and auditors for Administrative Agent, L/C Issuer, Swing Line Lender and their
Related Parties; (ii) all costs and expenses of Administrative Agent, L/C Issuer, Swing Line Lender and each Lender in connection
with any Default and the enforcement of this Agreement or any other Loan Document, including, without limitation, court costs and fees
and expenses of legal counsel, advisors, consultants, and auditors for Administrative Agent, L/C Issuer, Swing Line Lender and each Lender;
(iii) all costs and expenses incurred by L/C Issuer in connection with the issuance, amendment, renewal or extension of any Letter
of Credit or any demand for payment thereunder; (iv) all transfer, stamp, documentary, or other similar taxes, assessments, or charges
levied by any Governmental Authority in respect of this Agreement or any of the other Loan Documents; (v) all costs, expenses, assessments,
and other charges incurred in connection with any filing, registration, recording, or perfection of any Lien contemplated by this Agreement
or any other Loan Document; and (vi) all other costs and expenses incurred by Administrative Agent, L/C Issuer, Swing Line Lender
and any Lender in connection with the enforcement or protection of its rights under this Agreement or any other Loan Document, any workout
or restructuring (including the negotiations thereof), any litigation, dispute, suit, proceeding or action, the enforcement of its rights
and remedies, and the protection of its interests in bankruptcy, insolvency or other legal proceedings, including, without limitation,
all costs, expenses, and other charges (including Administrative Agent’s and such Lender’s, L/C Issuer’s, and Swing
Line Lender’s internal charges) incurred in connection with evaluating, observing, collecting, examining, auditing, appraising,
selling, liquidating, or otherwise disposing of the Collateral or other assets of the Loan Parties. Borrowers shall be responsible for
all expenses described in this clause (a) whether or not any Credit Extension is ever made. Any amount to be paid under
this Section 11.1 shall be a demand obligation owing by Borrowers and if not paid within ten (10) days of demand shall
bear interest, to the extent not prohibited by and not in violation of applicable Law, from the date of expenditure until paid at a rate
per annum equal to the Default Interest Rate. The obligations of Borrowers under this Section 11.1 shall survive payment
of the Notes and other obligations hereunder and the assignment of any right hereunder.

 

    CREDIT AGREEMENT – Page 129

     

    

 

 

(b)               To
the extent that Borrowers for any reason fail to indefeasibly pay any amount required under Section 11.1(a) or Section 11.2
to be paid by it to Arranger, Administrative Agent, L/C Issuer, or Swing Line Lender (or any sub-agent thereof) or any Related Party
of Arranger, Administrative Agent, L/C Issuer, or Swing Line Lender (or any sub-agent thereof), each Lender severally agrees to pay
to Arranger, Administrative Agent, L/C Issuer, or Swing Line Lender (or any such sub-agent) 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 Revolving Credit Exposure at such time) of such unpaid amount (including any such
unpaid amount in respect of a claim asserted by such Lender); 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 Arranger, Administrative Agent, L/C
Issuer, or Swing Line Lender (or any such sub-agent) or against any Related Party of Arranger, Administrative Agent, L/C Issuer, or
Swing Line Lender (or any sub-agent thereof) acting for Arranger, Administrative Agent, L/C Issuer, or Swing Line Lender (or any
such sub-agent) in connection with such capacity. EACH LENDER ACKNOWLEDGES THAT SUCH PAYMENTS MAY BE IN RESPECT OF LOSSES,
CLAIMS, DAMAGES, LIABILITIES OR RELATED EXPENSES ARISING OUT OF OR RESULTING FROM THE SOLE, CONTRIBUTORY, COMPARATIVE, CONCURRENT OR
ORDINARY NEGLIGENCE OF THE PERSON (OR THE REPRESENTATIVES OF THE PERSON) TO WHOM SUCH PAYMENTS ARE TO BE MADE.

 

Section 11.2       
INDEMNIFICATION.

 

(a)               EACH
BORROWER SHALL INDEMNIFY ARRANGER, ADMINISTRATIVE AGENT, L/C ISSUER, SWING LINE LENDER, EACH LENDER AND EACH RELATED PARTY THEREOF
(EACH, AN “INDEMNITEE”) FROM, AND HOLD EACH OF THEM HARMLESS AGAINST, ANY AND ALL LOSSES, LIABILITIES,
CLAIMS, DAMAGES, PENALTIES, JUDGMENTS, DISBURSEMENTS, COSTS, AND EXPENSES (INCLUDING ATTORNEYS’ FEES) TO WHICH ANY OF THEM MAY
BECOME SUBJECT WHICH DIRECTLY OR INDIRECTLY ARISE FROM OR RELATE TO (A) THE NEGOTIATION, EXECUTION, DELIVERY, PERFORMANCE,
ADMINISTRATION, OR ENFORCEMENT OF ANY OF THE LOAN DOCUMENTS, (B) ANY OF THE TRANSACTIONS CONTEMPLATED BY THE LOAN DOCUMENTS,
(C) ANY BREACH BY ANY BORROWER OF ANY REPRESENTATION, WARRANTY, COVENANT, OR OTHER AGREEMENT CONTAINED IN ANY OF THE LOAN
DOCUMENTS, (D) THE PRESENCE, RELEASE, THREATENED RELEASE, DISPOSAL, REMOVAL, OR CLEANUP OF ANY HAZARDOUS MATERIAL LOCATED ON,
ABOUT, WITHIN, OR AFFECTING ANY OF THE PROPERTIES OR ASSETS OF COMPANY OR ANY OF ITS SUBSIDIARIES OR ANY OTHER LOAN PARTY, (E) ANY
LOAN OR LETTER OF CREDIT OR 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) OR (F) ANY INVESTIGATION, LITIGATION, OR OTHER PROCEEDING, INCLUDING, WITHOUT LIMITATION, ANY
THREATENED OR PROSPECTIVE INVESTIGATION, LITIGATION, OR OTHER PROCEEDING, RELATING TO ANY OF THE FOREGOING, WHETHER BROUGHT BY A
THIRD PARTY OR BY ANY LOAN PARTY. WITHOUT LIMITING ANY PROVISION OF THIS AGREEMENT OR OF ANY OTHER LOAN DOCUMENT, IT IS THE EXPRESS
INTENTION OF THE PARTIES HERETO THAT EACH INDEMNITEE SHALL BE INDEMNIFIED FROM AND HELD HARMLESS AGAINST ANY AND ALL LOSSES,
LIABILITIES, CLAIMS, DAMAGES, PENALTIES, JUDGMENTS, DISBURSEMENTS, COSTS, AND EXPENSES (INCLUDING ATTORNEYS’ FEES) ARISING OUT
OF OR RESULTING FROM THE SOLE, CONTRIBUTORY, COMPARATIVE, CONCURRENT OR ORDINARY NEGLIGENCE OF SUCH INDEMNITEE (OR THE
REPRESENTATIVES OF SUCH PERSON); provided that such indemnity shall not, as to any Indemnitee, be available to the extent
such losses, liabilities, claims, damages, penalties, judgments, disbursements, costs and expenses (x) are determined by a
court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct
of such Indemnitee or (y) result from a claim not involving an act or omission of any Loan Party and that is brought by an
Indemnitee against another Indemnitee (other than against the Arranger or Administrative Agent in their capacities as such).

 

    CREDIT AGREEMENT – Page 130

     

    

 

(b)              
If, for the purposes of obtaining judgment in any court in any jurisdiction with respect to this Agreement or any other Loan Document,
it becomes necessary to convert into a particular currency (the “Judgment Currency”) any amount due under this
Agreement or under any other Loan Document in any currency other than the Judgment Currency (the “Currency Due”),
then conversion shall be made at the rate of exchange prevailing on the Business Day before the day on which judgment is given. For this
purpose “rate of exchange” means the rate at which the Administrative Agent is able, on the relevant date, to purchase the
Currency Due with the Judgment Currency in accordance with its normal practice. In the event that there is a change in the rate of exchange
prevailing between the Business Day immediately preceding the day on which the judgment is given and the date of receipt by the Administrative
Agent of the amount due, the Borrowers shall, on the date of receipt by the Administrative Agent, pay such additional amounts, if any,
or be entitled to receive reimbursement of such amount, if any, as may be necessary to ensure that the amount received by the Administrative
Agent on such date is the amount in the Judgment Currency which when converted at the rate of exchange prevailing on the date of receipt
by the Administrative Agent is the amount then due under this Agreement or such other Loan Document in the Currency Due. If the amount
of the Currency Due which the Administrative Agent is so able to purchase is less than the amount of the Currency Due originally due to
it, the Borrowers shall indemnify and save the Administrative Agent and the Lenders harmless from and against all loss or damage arising
as a result of such deficiency. This indemnity shall constitute an obligation separate and independent from the other obligations contained
in this Agreement and the other Loan Documents, shall give rise to a separate and independent cause of action, shall apply irrespective
of any indulgence granted by the Administrative Agent from time to time and shall continue in full force and effect notwithstanding any
judgment or order for a liquidated sum in respect of an amount due under this Agreement or any other Loan Document or under any judgment
or order.

 

(c)               Any
amount to be paid under this Section 11.2 shall be a demand obligation owing by Borrowers and if not paid within
ten (10) days of demand shall bear interest, to the extent not prohibited by and not in violation of applicable Law, from the date
of expenditure until paid at a rate per annum equal to the Default Interest Rate. The obligations of Borrowers under this Section 11.2 shall
survive payment of the Notes and other obligations hereunder and the assignment of any right hereunder.

 

    CREDIT AGREEMENT – Page 131

     

    

 

Section 11.3       
Limitation of Liability. None of Arranger, Administrative Agent, L/C Issuer, Swing Line Lender, or any Lender,
or any of their Related Parties, shall have any liability with respect to, and each Loan Party hereby waives, releases, and agrees not
to sue any of them upon, any claim for any special, indirect, incidental, or consequential damages (whether in contract, tort or otherwise)
suffered or incurred by any Loan Party in connection with, arising out of, or in any way related to, this Agreement or any of the other
Loan Documents, or any of the transactions contemplated by this Agreement or any of the other Loan Documents. Each Loan Party hereby
waives, releases, and agrees not to sue Arranger, Administrative Agent, L/C Issuer, Swing Line Lender, or any Lender, or any of their
Related Parties, for punitive damages in respect of any claim in connection with, arising out of, or in any way related to, this Agreement
or any of the other Loan Documents, or any of the transactions contemplated by this Agreement or any of the other Loan Documents.

 

Section 11.4       
No Duty. All attorneys, accountants, appraisers, and other professional Persons and consultants retained by
Arranger, Administrative Agent, any Lender, L/C Issuer, or Swing Line Lender shall have the right to act exclusively in the interest
of Arranger, Administrative Agent or such Lender, L/C Issuer, or Swing Line Lender and shall have no duty of disclosure, duty of loyalty,
duty of care, or other duty or obligation of any type or nature whatsoever to any Loan Party or any of such Loan Party’s equity
holders, Affiliates, officers, employees, attorneys, agents, or any other Person.

 

Section 11.5       
Lenders Not Fiduciary. The relationship between Borrowers and each other Loan Party on the one hand, and Administrative
Agent, Arranger and each Lender, L/C Issuer, and Swing Line Lender is solely that of debtor and creditor, and none of Administrative
Agent, Arranger, any Lender, L/C Issuer, or Swing Line Lender, on the other hand, has any fiduciary or other special relationship with
Borrowers or any other Loan Party, and no term or condition of any of the Loan Documents shall be construed so as to deem the relationship
between Borrowers and each other Loan Party on the one hand, and Administrative Agent, Arranger and each Lender, L/C Issuer, and Swing
Line Lender, on the other hand, to be other than that of debtor and creditor.

 

Section 11.6       
Equitable Relief. Each Loan Party recognizes that in the event any Borrower or any other Loan Party fails to
pay, perform, observe, or discharge any or all of the Obligations, any remedy at law may prove to be inadequate relief to Administrative
Agent or Lenders, L/C Issuer, or Swing Line Lender. Each Loan Party therefore agrees that Administrative Agent, any Lender, L/C Issuer,
or Swing Line Lender, if Administrative Agent or such Lender, L/C Issuer, or Swing Line Lender so requests, shall be entitled to temporary
and permanent injunctive relief in any such case without the necessity of proving actual damages.

 

Section 11.7       
No Waiver; Cumulative Remedies. No failure on the part of Administrative Agent, any Lender, L/C Issuer, or Swing
Line Lender to exercise and no delay in exercising, and no course of dealing with respect to, any right, remedy, power, or privilege
under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power, or privilege
under this Agreement preclude any other or further exercise thereof or the exercise of any other right, remedy, power, or privilege.
The rights and remedies provided for in this Agreement and the other Loan Documents are cumulative and not exclusive of any rights and
remedies provided by Law.

 

    CREDIT AGREEMENT – Page 132

     

    

 

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, Administrative Agent in accordance with Section 9.2
for the benefit of all the Lenders; provided, however, that the foregoing shall not prohibit (a) 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) Swing Line Lender from exercising the rights and remedies that inure to its benefit (solely
in its capacity as Swing Line Lender) hereunder and under the other Loan Documents, (c) any Lender from exercising setoff rights
in accordance with Section 4.2 (subject to the terms of Section 11.23), 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 Administrative Agent
pursuant to Section 9.2 and (ii) in addition to the matters set forth in clauses (b), (c)
and (d) of the preceding proviso and subject to Section 11.23, 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.

 

Section 11.8       
Successors and Assigns.

 

(a)              
Successors and Assigns Generally. The provisions of this Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns permitted hereby, except that no Loan Party may assign or otherwise transfer
any of its rights, duties, or obligations under this Agreement or the other Loan Documents without the prior written consent of Administrative
Agent and each Lender, and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an
assignee in accordance with the provisions of Section 11.8(b), (ii) by way of participation in accordance with
the provisions of Section 11.8(d), or (iii) by way of pledge or assignment of a security interest subject to the
restrictions of Section 11.8(e) (and any other attempted assignment or transfer by any party hereto shall be null and
void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their
respective successors and assigns permitted hereby, Participants to the extent provided in Section 11.8(d) and, to
the extent expressly contemplated hereby, the Related Parties of each of Administrative Agent and Lenders) any legal or equitable right,
remedy or claim under or by reason of this Agreement.

 

    CREDIT AGREEMENT – Page 133

     

    

 

(b)               Assignments
by Lenders. Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under this
Agreement (including all or a portion of its Commitment(s) and the Loans at the time owing to it); provided that any such
assignment shall be subject to the following conditions:

 

(i)                
Minimum Amounts. (A) in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment(s)
and/or the Loans at the time owing to it or contemporaneous assignments to related Approved Funds (determined after giving effect to such
assignments) that equal at least the amount specified in Section 11.8(b)(i)(B) 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 Section 11.8(b)(i)(A), the aggregate amount of the Commitment(s) (which for this purpose includes Loans
outstanding hereunder) or, if the applicable Commitment is not then in effect, the Outstanding Amount 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 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 Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrower
Representative otherwise consents (each such consent not to be unreasonably withheld or delayed).

 

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

 

(iii)           
Required Consents. No consent shall be required for any assignment except to the extent required by Section 11.8(b)(i)(B)
and, in addition: (A) the consent of the Borrower Representative (such consent not to be unreasonably withheld or delayed) shall
be required unless (x) an Event of Default has occurred and is continuing at the time of such assignment, or (y) such assignment
is to a Lender, an Affiliate of a Lender or an Approved Fund; provided that the Borrower Representative shall be deemed to have
consented to any such assignment unless it shall object thereto by written notice to Administrative Agent within five (5) Business Days
after having received notice thereof; (B) the consent of Administrative Agent (such consent not to be unreasonably withheld or delayed)
shall be required for assignments in respect of any Commitment or Revolving Credit Loans if such assignment is to a Person that is not
a Lender with a Commitment, an Affiliate of such Lender or an Approved Fund with respect to such Lender; and (C) the consent of L/C Issuer
and Swing Line Lender shall be required for any assignment in respect of the Revolving Credit Facility.

 

(iv)             Assignment
and Assumption. The parties to each assignment shall execute and deliver to Administrative Agent an Assignment and Assumption,
together with a processing and recordation fee of $3,500; provided that Administrative Agent may, in its sole discretion,
elect to waive such processing and recordation fee in the case of any assignment; and provided further that Borrowers shall
not be obligated to pay for such processing and recording fee except in the case of any assignment made pursuant to Section
3.6(b). The assignee, if it is not a Lender, shall deliver to Administrative Agent an Administrative Questionnaire.

 

    CREDIT AGREEMENT – Page 134

     

    

 

(v)              
No Assignment to Certain Persons. No such assignment shall be made to (A)  Parent, any Loan Party, or any their respective
Affiliates or Subsidiaries or (B) any Defaulting Lender or any of its Affiliates, or any Person who, upon becoming a Lender hereunder,
would constitute any of the foregoing Persons described in this clause (b).

 

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

 

(vii)         
Certain Additional Payments. In connection with any assignment of rights and obligations of any Defaulting Lender hereunder,
no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to such
assignment shall make such additional payments to 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 Representative and Administrative Agent, the applicable pro rata share of Loans previously
requested but not funded by such Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent),
to: (A) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to Administrative Agent or any Lender
hereunder (and interest accrued thereon) and (B) acquire (and fund as appropriate) its full pro rata share of all Loans and participations
in Letters of Credit and Swing Line Loans in accordance with its Applicable Percentage. Notwithstanding the foregoing, in the event that
any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable Law without compliance
with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of
this Agreement until such compliance occurs.

 

Subject to
acceptance and recording thereof by Administrative Agent pursuant to Section 11.8(c), from and after the
effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the
extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement,
and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released
from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning
Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be
entitled to the benefits of Section 3.1, Section 3.2, Section 11.1 and Section 11.2
with respect to facts and circumstances occurring prior to the effective date of such assignment; provided that, except to
the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender will constitute a waiver or
release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. Any assignment or
transfer by a Lender of rights or obligations under this Agreement that does not comply with this 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 Section 11.8(d).
Upon the consummation of any assignment pursuant to this Section 11.8(b), if requested by the transferor or
transferee Lender, the transferor Lender, Administrative Agent and Borrowers shall make appropriate arrangements so that replacement
Notes are issued to such transferor Lender (if applicable) and new Notes or, as appropriate, replacement Notes, are issued to the
assignee.

 

    CREDIT AGREEMENT – Page 135

     

    

 

(c)              
Register. Administrative Agent, acting solely for this purpose as a non-fiduciary agent of Borrowers, shall maintain at
one of its offices in Dallas, Texas a copy of each Assignment and Assumption delivered to it and a Register. The entries in the Register
shall be conclusive absent manifest error, and Borrowers, Administrative Agent and 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 Borrowers and any Lender, at any reasonable time and from time to time upon reasonable prior notice.

 

(d)              
Participations. Any Lender may at any time, without the consent of, or notice to, any Loan Party or Administrative Agent,
sell participations to 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(s) and/or the Loans owing to it); provided that (i) such Lender’s obligations under
this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance
of such obligations, and (iii) each Loan Party, Administrative Agent, and Lenders shall continue to deal solely and directly with
such Lender in connection with such Lender’s rights and obligations under this Agreement. For the avoidance of doubt, each Lender
shall be responsible for the indemnity under Section 11.1(b) without regard to the existence of any participation.

 

    CREDIT AGREEMENT – Page 136

     

    

 

Any agreement
or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to
enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that
such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment,
modification or waiver described in Section 11.10 which requires the consent of all Lenders and affects such
Participant. Each Borrower agrees that each Participant shall be entitled to the benefits of Sections 3.1, 3.4 and 3.5
(subject to the requirements and limitations therein, including the requirements under Section 3.4(g) (it being
understood that the documentation required under Section 3.4(g) shall be delivered to the participating Lender)) to
the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section; provided
that such Participant (A) agrees to be subject to the provisions of Section 3.6 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 3.1 or 3.4,
with respect to any participation, than its participating Lender would have been entitled to receive, except to the extent such
entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable
participation. Each Lender that sells a participation agrees, at Borrowers’ request and expense, to use reasonable efforts to
cooperate with Borrowers to effectuate the provisions of Section 3.6 with respect to any Participant. To the extent
permitted by Law, each Participant also shall be entitled to the benefits of Section 11.25 as though it were a Lender; provided
that such Participant agrees to pay to Administrative Agent any amount set-off for application to the Obligations under the Loan
Documents as required pursuant to Section 11.25; provided further that such Participant agrees to be subject to Section
11.23 as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as a
non-fiduciary agent of Borrowers, maintain a Participant Register; provided that no Lender shall have any obligation to
disclose all or any portion of the Participant Register to any Person (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) 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, Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility
for maintaining a Participant Register.

 

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

 

(f)               
Dissemination of Information. Each Loan Party authorizes Administrative Agent and each Lender to disclose to any actual
or prospective purchaser, assignee or other recipient of a Lender’s Commitment, any and all information in Administrative Agent’s
or such Lender’s possession concerning Borrowers, the other Loan Parties and their respective Affiliates.

 

Section 11.9       
Survival. All representations and warranties made in this Agreement or any other Loan Document or in any document,
statement, or certificate furnished in connection with this Agreement shall survive the execution and delivery of this Agreement and
the other Loan Documents, and no investigation by Administrative Agent or any Lender or any closing shall affect the representations
and warranties or the right of Administrative Agent or any Lender to rely upon them. Without prejudice to the survival of any other obligation
of any Loan Party hereunder, the obligations of Borrowers under Sections 11.1 and 11.2 shall survive
repayment of the Obligations and termination of the Commitments.

 

Section 11.10   
Amendment. Subject to Section 3.3(b), the provisions of this Agreement and the other Loan Documents
to which Borrowers or any other Loan Party is a party (other than the Issuer Documents) may be amended or waived only by an instrument
in writing signed by Required Lenders (or by Administrative Agent with the consent of Required Lenders) and each Loan Party party thereto
and acknowledged by Administrative Agent; provided, however, that no such amendment or waiver shall:

 

    CREDIT AGREEMENT – Page 137

     

    

 

(a)              
waive any condition set forth in Section 4.1, without the written consent of each Lender;

 

(b)              
extend or increase any Commitment of any Lender (or reinstate any Commitment terminated pursuant to Section 9.2)
without the written consent of such Lender;

 

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

 

(d)              
reduce the principal of, or the rate of interest specified herein on, any Loan, or 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 (i) any
amendment or modification of the financial covenants in this Agreement (or any defined term used therein) shall not constitute a reduction
in the rate of interest or fees for purposes of this clause (d) and (ii) only the consent of Required Lenders shall be necessary
to adjust the Default Interest Rate or to waive any obligation of Borrowers to pay interest at such rate;

 

(e)              
change any provision of this Section 11.10 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;

 

(f)               
(i)change Section 9.4 in a manner that would alter the pro rata sharing of payments required thereby or otherwise
adversely affect the priority of payment of any such Obligations, (ii) subordinate any of the Obligations owed to the Lenders in right
of payment or otherwise adversely affect the priority of payment of any such Obligations or (iii) subordinate any of the Liens securing
the Obligations owed to the Lenders (except as otherwise set forth in Section 10.9), in each case, without the written consent
of each Lender; or

 

(g)              
release any Guaranty or all or substantially all of the Collateral (in each case, except as provided herein) 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 Swing Line Lender
in addition to the Lenders required above, affect the rights or duties of the Swing Line Lender under this Agreement; (iii) no
amendment, waiver or consent shall, unless in writing and signed by Administrative Agent in addition to Lenders required above,
affect the rights or duties of Administrative Agent under this Agreement or any other Loan Document; (iv) the Fee Letter may be
amended, or rights or privileges thereunder waived, in a writing executed only by the parties thereto; and (v) Borrowers and
Administrative Agent may amend this Agreement or any other Loan Document without the consent of Lenders (unless the Required Lenders
object in writing within five (5) Business Days of notice by Administrative Agent of such amendment) in order to (A) correct,
amend or cure any ambiguity, inconsistency or defect or correct any typographical error or other manifest error in any Loan Document
or (B) comply with local Law or advice of local counsel in any jurisdiction the Laws of which govern any Security Document or
that are relevant to the creation, perfection, protection and/or priority of any Lien in favor of Administrative Agent,
(C) effect the granting, perfection, protection, expansion or enhancement of any security interest in any Collateral or
additional property to become Collateral for the benefit of the Secured Parties, (D) make administrative or operational changes
not adverse to any Lender or (E) add a Guarantor or Collateral or otherwise enhance the rights and benefits of the
Lenders.

 

    CREDIT AGREEMENT – Page 138

     

    

 

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(s) 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.

 

Section 11.11   
Notices.

 

(a)              
Notices Generally. Except in the case of notices and other communications expressly permitted to be given by telephone (and
except as provided in Section 11.11(b)), 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 set forth
on Schedule 11.11. Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall
be deemed to have been given when received. Notices sent by 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 delivered through electronic communications, to the extent provided in Section 11.11(b)
shall be effective as provided in Section 11.11(b).

 

(b)               Electronic
Communications. Notices and other communications to Lenders and hereunder may be delivered or furnished by electronic
communication (including e-mail and internet or intranet websites) pursuant to procedures approved by Administrative Agent, provided that
the foregoing shall not apply to notices to any Lender pursuant to Article 2 if such Lender has notified
Administrative Agent that it is incapable of receiving notices under Article 2 by electronic communication.
Administrative Agent or any Loan Party may, in its discretion, agree to accept notices and other communications to it hereunder by
electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to
particular notices or communications.

 

    CREDIT AGREEMENT – Page 139

     

    

 

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

 

(c)              
Change of Address, etc. Any party hereto may change its address or facsimile number for notices and other communications
hereunder by notice to the other parties hereto, Schedule 11.11 shall be deemed to be amended by each such change,
and Administrative Agent is authorized, in its discretion, from time to time to reflect each such change in an amended Schedule 11.11
provided by Administrative Agent to each party hereto.

 

(d)              
Platform.

 

(i)                
Each Loan Party agrees that Administrative Agent may, but shall not be obligated to, make the Communications (as defined below)
available to the Lenders, L/C Issuer or Swing Line Lender by posting the Communications on the Platform.

 

(ii)             
The Platform is provided “as is” and “as available.” The Agent Parties do not warrant the adequacy of the
Platform and expressly disclaim liability for errors or omissions in the Communications. No warranty of any kind, express, implied or
statutory, including, without limitation, any warranty of merchantability, fitness for a particular purpose, non-infringement of third-party
rights or freedom from viruses or other code defects, is made by any Agent Party in connection with the Communications or the Platform.
In no event shall the Agent Parties have any liability to any Loan Party, any Lender or any other Person or entity for damages of any
kind, including, without limitation, direct or indirect, special, incidental or consequential damages, losses or expenses (whether in
tort, contract or otherwise) arising out of any Loan Party’s or Administrative Agent’s transmission of Communications through
the Platform.

 

(iii)            Each
Loan Party (by its, his or her execution of a Loan Document) hereby authorizes Administrative Agent, each Lender, Swing Line Lender
and their respective counsel and agents and Related Parties (each an “Authorized Party”) to communicate
and transfer documents and other information (including confidential information) concerning this transaction or any Loan Party and
the business affairs of such Loan Parties via the Internet or other electronic communication method. In no event shall any
Authorized Party have any liability to any Loan Party, any Lender or any other Person or entity for damages of any kind (whether in
tort, contract or otherwise) arising out of any such communications or transmissions, except to the extent that such damages are
determined by a court of competent jurisdiction in a final and nonappealable judgment to have directly resulted from the gross
negligence or willful misconduct of such Authorized Party; provided, however, that in no event shall any Authorized Party
have any liability for indirect, special, incidental, consequential or punitive damages (as opposed to direct or actual
damages).

 

    CREDIT AGREEMENT – Page 140

     

    

 

(e)              
Public Information. Each Loan Party hereby acknowledges that certain of the Lenders (each, a “Public Lender”)
may have personnel who do not wish to receive material non-public information with respect to any Loan Party or its Affiliates, or the
respective securities of any of the foregoing, and who may be engaged in investment and other market-related activities with respect to
such securities. Each Loan Party hereby agrees that it will use commercially reasonable efforts to identify that portion of the materials
and information provided by or on behalf of any Loan Party hereunder and under the other Loan Documents (collectively, “Borrower
Materials”) that may be distributed to the Public Lenders and that (i) all such Borrower Materials shall be clearly
and conspicuously marked “PUBLIC,” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently
on the first page thereof; (ii) by marking Borrower Materials “PUBLIC,” each Loan Party shall be deemed to have authorized
Administrative Agent and the other Lenders to treat such Borrower Materials as not containing any material non-public information with
respect to any Loan Party or its securities for purposes of U.S. federal and state securities Laws (provided, however, that to
the extent that such Borrower Materials constitute Information, they shall be subject to Section 11.26); (iii) all Borrower
Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated “Public Side
Information;” and (iv) Administrative Agent shall be entitled to treat any Borrower Materials that are not marked “PUBLIC”
as being suitable only for posting on a portion of the Platform not designated “Public Side Information”. Each Public Lender
will designate one or more representatives that shall be permitted to receive information that is not designated as being available for
Public Lenders, in order to enable such Public Lender or its delegate, in accordance with such Public Lender’s compliance procedures
and under 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 any Loan Party or its Subsidiaries and its securities for the purposes of United States federal or state securities
Laws.

 

Section 11.12   
Governing Law; Venue; Service of Process.

 

(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 Laws of the State of Texas (without reference to applicable rules of conflicts of Laws), except to the
extent the Laws of any jurisdiction where Collateral is located require application of such Laws with respect to such
Collateral.

 

    CREDIT AGREEMENT – Page 141

     

    

 

(b)              
Jurisdiction. Each Loan Party irrevocably and unconditionally agrees that it will not commence any action, litigation or
proceeding of any kind or description, whether in law or equity, whether in contract or in tort or otherwise, against Administrative Agent,
any Lender, L/C Issuer, Swing Line Lender 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 Texas sitting in Dallas County,
Texas, and of the United States District Court of the Northern District of Texas, 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 Texas 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 Administrative Agent, any Lender, L/C Issuer or Swing Line
Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against any Borrower
or any of the other Loan Parties or their Properties in the courts of any jurisdiction.

 

(c)              
Waiver of Venue. Each Loan Party irrevocably and unconditionally waives, to the fullest extent permitted by applicable Law,
any objection that it may now or hereafter have to the laying of venue of any action or proceeding arising out of or relating to this
Agreement or any other Loan Document in any court referred to in paragraph (b) of this Section. Each
of the parties hereto hereby irrevocably waives, to the fullest extent permitted by applicable Law, the defense of an inconvenient forum
to the maintenance of such action or proceeding in any such court.

 

(d)              
Service of Process. Each party hereto irrevocably consents to service of process by the mailing thereof, in the manner provided
for the mailing of notices in Section 11.11. Nothing in this Agreement will affect the right of any party hereto to
serve process in any other manner permitted by applicable Law.

 

Section 11.13   
Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original,
but all of which together shall constitute one and the same instrument. Except as provided in Section 4.1, this Agreement
shall become effective when it shall have been executed by Administrative Agent and when 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.

 

    CREDIT AGREEMENT – Page 142

     

    

 

Section 11.14   
Severability. Any provision of this Agreement or any other Loan Document held by a court of competent jurisdiction
to be invalid or unenforceable shall not impair or invalidate the remainder of this Agreement and the effect thereof shall be confined
to the provision held to be invalid or illegal. Furthermore, in lieu of such invalid or unenforceable provision there shall be added
as a part of this Agreement or the other Loan Documents a provision as similar in terms to such illegal, invalid or unenforceable provision
as may be possible and be legal, valid and enforceable.

 

Section 11.15   
Headings. The headings, captions, and arrangements used in this Agreement are for convenience only and shall
not affect the interpretation of this Agreement.

 

Section 11.16   
Construction. Each Loan Party, Administrative Agent and each Lender acknowledge that each of them has had the
benefit of legal counsel of its own choice and has been afforded an opportunity to review this Agreement and the other Loan Documents
with its legal counsel and that this Agreement and the other Loan Documents shall be construed as if jointly drafted by each Loan Party,
Administrative Agent and each Lender.

 

Section 11.17   
Independence of Covenants. All covenants hereunder shall be given independent effect so that if a particular
action or condition is not permitted by any of such covenants, the fact that it would be permitted by an exception to, or be otherwise
within the limitations of, another covenant shall not avoid the occurrence of a Default if such action is taken or such condition exists.

 

Section 11.18   
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 11.18.

 

    CREDIT AGREEMENT – Page 143

     

    

 

Section 11.19   
Additional Interest Provision. It is expressly stipulated and agreed to be the intent of each Loan Party, Administrative
Agent and each Lender at all times to comply strictly with the applicable Law governing the maximum rate or amount of interest payable
on the indebtedness evidenced by any Note, any other Loan Document, and the Related Indebtedness (or applicable United States federal
Law to the extent that it permits any Lender to contract for, charge, take, reserve or receive a greater amount of interest than under
applicable Law). If the applicable Law is ever judicially interpreted so as to render usurious any amount (a) contracted for, charged,
taken, reserved or received pursuant to any Note, any of the other Loan Documents or any other communication or writing by or between
any Borrower or any other Loan Party and any Lender related to the transaction or transactions that are the subject matter of the Loan
Documents, (b) contracted for, charged, taken, reserved or received by reason of Administrative Agent’s or any Lender’s
exercise of the option to accelerate the maturity of any Note and/or the Related Indebtedness, or (c) any Loan Party will have paid
or Administrative Agent or any Lender will have received by reason of any voluntary prepayment by Borrowers or any other Loan Party of
any Note and/or the Related Indebtedness, then it is Borrowers’ and each other Loan Party’s, Administrative Agent’s
and Lenders’ express intent that all amounts charged in excess of the Maximum Rate shall be automatically canceled, ab initio,
and all amounts in excess of the Maximum Rate theretofore collected by Administrative Agent or any Lender shall be credited on the principal
balance of any Note and/or the Related Indebtedness (or, if any Note and all Related Indebtedness have been or would thereby be paid
in full, refunded to Borrowers or such other Loan Party, as applicable), and the provisions of any Note and the other Loan Documents
shall immediately be deemed reformed and the amounts thereafter collectible hereunder and thereunder reduced, without the necessity of
the execution of any new document, so as to comply with the applicable Law, but so as to permit the recovery of the fullest amount otherwise
called for hereunder and thereunder; provided, however, if any Note or Related Indebtedness has been paid in full before
the end of the stated term thereof, then Borrowers, each other Loan Party, Administrative Agent and each Lender agree that Administrative
Agent or any Lender, as applicable, shall, with reasonable promptness after Administrative Agent or such Lender discovers or is advised
by any Loan Party that interest was received in an amount in excess of the Maximum Rate, either refund such excess interest to such Loan
Party, as applicable, and/or credit such excess interest against such Note and/or any Related Indebtedness then owing by Borrowers and
the other Loan Parties to Administrative Agent or such Lender. Each Loan Party hereby agrees that as a condition precedent to any claim
seeking usury penalties against Administrative Agent or such Lender, such Loan Party will provide written notice to Administrative Agent
or any Lender, advising Administrative Agent or such Lender in reasonable detail of the nature and amount of the violation, and Administrative
Agent or such Lender shall have sixty (60) days after receipt of such notice in which to correct such usury violation, if any, by either
refunding such excess interest to such Loan Parties, as applicable, or crediting such excess interest against the Note to which the alleged
violation relates and/or the Related Indebtedness then owing by the Loan Parties to Administrative Agent or such Lender. All sums contracted
for, charged, taken, reserved or received by Administrative Agent or any Lender for the use, forbearance or detention of any debt evidenced
by any Note and/or the Related Indebtedness shall, to the extent permitted by applicable Law, be amortized or spread, using the actuarial
method, throughout the stated term of such Note and/or the Related Indebtedness (including any and all renewal and extension periods)
until payment in full so that the rate or amount of interest on account of any Note and/or the Related Indebtedness does not exceed the
Maximum Rate from time to time in effect and applicable to such Note and/or the Related Indebtedness for so long as debt is outstanding.
In no event shall the provisions of Chapter 346 of the Texas Finance Code (which regulates certain revolving credit loan accounts
and revolving triparty accounts) apply to the Notes and/or any of the Related Indebtedness. Notwithstanding anything to the contrary
contained herein or in any of the other Loan Documents, it is not the intention of Administrative Agent or any Lender to accelerate the
maturity of any interest that has not accrued at the time of such acceleration or to collect unearned interest at the time of such acceleration.

 

    CREDIT AGREEMENT – Page 144

     

    

 

Section 11.20   
Ceiling Election. To the extent that any Lender is relying on Chapter 303 of the Texas Finance Code to
determine the Maximum Rate payable on any Note and/or any other portion of the Obligations under the Loan Documents, such Lender will
utilize the weekly ceiling from time to time in effect as provided in such Chapter 303. To the extent United States federal Law permits
any Lender to contract for, charge, take, receive or reserve a greater amount of interest than under Texas Law, such Lender will rely
on United States federal Law instead of such Chapter 303 for the purpose of determining the Maximum Rate. Additionally, to the extent
permitted by applicable Law now or hereafter in effect, any Lender may, at its option and from time to time, utilize any other method
of establishing the Maximum Rate under such Chapter 303 or under other applicable Law by giving notice, if required, to Borrowers
as provided by applicable Law now or hereafter in effect.

 

Section 11.21   
USA Patriot Act and Canadian AML Legislation Notice. Administrative Agent and each Lender hereby notifies each
Loan Party that pursuant to the requirements of the Patriot Act and applicable Canadian AML Legislation, it is required to obtain, verify
and record information that identifies each Loan Party, which information includes the name and address of each Loan Party and other
information that will allow Administrative Agent and such Lender to identify each Loan Party in accordance with the Patriot Act and applicable
Canadian AML Legislation. In addition, each Loan Party agrees to (a) ensure that no Person who owns a Controlling interest in or
otherwise controls any Loan Party or any Subsidiary of Company or any other Loan Party is or shall be a Sanctioned Person, (b) not
to use or permit the use of proceeds of the Obligations to violate any Anti-Corruption Laws, Anti-Terrorism Laws or any applicable Sanctions,
and (c) comply, or cause its Subsidiaries to comply, with the applicable Laws.

 

Section 11.22   
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 in Section 11.10.

 

    CREDIT AGREEMENT – Page 145

     

    

 

(ii)              Defaulting
Lender Waterfall. Any payment of principal, interest, fees or other amounts received by Administrative Agent for the account of
such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article 9 or otherwise) or
received by Administrative Agent from a Defaulting Lender shall be applied at such time or times as may be determined by
Administrative Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to Administrative Agent
hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to L/C Issuer or Swing
Line Lender hereunder; third, to Cash Collateralize L/C Issuer’s Fronting Exposure, if any, with respect to such
Defaulting Lender in accordance with Section 2.7; fourth, as Borrowers may request (so long as no Default
or Event of Default exists), to the funding of any Revolving Credit Loan in respect of which such Defaulting Lender has failed to
fund its portion thereof as required by this Agreement, as determined by Administrative Agent; fifth, if so determined by
Administrative Agent and Borrowers, 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 Credit Loans under this Agreement and
(y)  Cash Collateralize L/C Issuer’s future Fronting Exposure, if any, with respect to such Defaulting Lender with
respect to future Letters of Credit issued under this Agreement, in accordance with Section 2.7; sixth, to
the payment of any amounts owing to Lenders, L/C Issuer or Swing Line Lender as a result of any judgment of a court of competent
jurisdiction obtained by any Lender, L/C Issuer or Swing Line Lender against such Defaulting Lender as a result of such Defaulting
Lender’s breach of its obligations under this Agreement; seventh, so long as no Default or Event of Default exists, to
the payment of any amounts owing to Borrowers as a result of any judgment of a court of competent jurisdiction obtained by Borrowers
against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and eighth,
to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that, if (x) such
payment is a payment of the principal amount of any Loans or L/C Borrowings in respect of which such Defaulting Lender has not fully
funded its appropriate share, and (y) such Loans were made or the related Letters of Credit were issued at a time when the
conditions set forth in Section 4.2 were satisfied or waived, such payment shall be applied solely to pay the
Loans of, and L/C Obligations owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any
Loans of, or L/C Obligations owed to, such Defaulting Lender until such time as all Loans and funded and unfunded participations in
L/C Obligations and Swing Line Loans are held by Lenders pro rata in accordance with the Commitments under the Revolving Credit
Facility without giving effect to Section 11.22(a)(iv). Any payments, prepayments or other amounts paid or
payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral
pursuant to this Section 11.22(a)(ii) shall be deemed paid to and redirected by such Defaulting Lender, and each
Lender irrevocably consents hereto.

 

(iii)           
Certain Fees.

 

(A)            
No Defaulting Lender shall be entitled to receive any fee payable under Section 2.4(c) for any period during
which that Lender is a Defaulting Lender (and Borrowers 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 2.7.

 

(C)              With
respect to any fee payable under Section 2.4(c) or to any Letter of Credit Fee not required to be paid to any
Defaulting Lender pursuant to clause (A) or (B) above, Borrowers shall (x) pay to each Lender
that is a Non-Defaulting Lender that portion of any such fee otherwise payable to such Defaulting Lender with respect to such
Defaulting Lender’s participation in L/C Obligations or Swing Line Loans that has been reallocated to such Non-Defaulting
Lender pursuant to clause (iv) below, (y) pay to L/C Issuer and Swing Line Lender, as applicable, the amount
of any such fee otherwise payable to such Defaulting Lender to the extent allocable to such L/C Issuer’s or Swing Line
Lender’s Fronting Exposure to such Defaulting Lender, and (z) not be required to pay the remaining amount of any such
fee.

 

    CREDIT AGREEMENT – Page 146

     

    

 

(iv)            
Reallocation of Applicable Percentages to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation
in L/C Obligations and Swing Line Loans shall be reallocated among the Lenders that are Non-Defaulting Lenders in accordance with their
respective Applicable Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that
such reallocation does not cause the aggregate Revolving Credit Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s
Commitment. Subject to Section 11.23, no reallocation hereunder shall constitute a waiver or release of any claim of any
party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting
Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation.

 

(v)              
Cash Collateral, Repayment of Swing Line Loans. If the reallocation described in clause (a)(iv) above
cannot, or can only partially, be effected, Borrowers shall, without prejudice to any right or remedy available to it hereunder or under
applicable Law, (x) first, prepay Swing Line Loans in an amount equal to Swing Line Lender’s Fronting Exposure and (y) second,
Cash Collateralize L/C Issuers’ Fronting Exposure in accordance with the procedures set forth in Section 2.7.

 

(b)               Defaulting
Lender Cure. If Borrowers, Administrative Agent, Swing Line Lender and L/C Issuer agree in writing that a Lender is no longer a
Defaulting Lender, 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 Administrative Agent may determine to be necessary to cause the Loans and funded and unfunded participations in Letters
of Credit and Swing Line Loans to be held on a pro rata basis by Lenders in accordance with their Applicable Percentages (without
giving effect to Section 11.22(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 Borrowers while that
Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the
affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party
hereunder arising from that Lender’s having been a Defaulting Lender.

 

    CREDIT AGREEMENT – Page 147

     

    

 

Section 11.23   
Sharing of Payments by Lenders. If any Lender shall, by exercising any right of setoff or counterclaim or otherwise,
obtain payment in respect of any principal of or interest on any of the Loans made by it or other obligations hereunder, resulting in
such Lender’s receiving payment of a proportion of the aggregate amount of such Loans and accrued interest thereon greater than
its pro rata share thereof as provided herein, then the Lender receiving such greater proportion shall:

 

(a)              
notify Administrative Agent of such fact; and

 

(b)              
purchase (for cash at face value) participations in the Loans and such other obligations of the other Lenders, or make such other
adjustments as shall be equitable, so that the benefit of all such payments shall be shared by Lenders ratably in accordance with the
aggregate amount of principal of and accrued interest on their respective Loans and other amounts owing them, provided that:

 

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

 

(ii)             
the provisions of this Section 11.23 shall not be construed to apply to: (A) any payment made by or on
behalf of Borrowers pursuant to and in accordance with the express terms of this Agreement (including the application of funds arising
from the existence of a Defaulting Lender); or (B) any payment obtained by a Lender as consideration for the assignment of or sale
of a participation in any of its Loans or subparticipations in L/C Obligations or Swing Line Loans to any assignee or participant, other
than an assignment to any Borrower or any Affiliate thereof (as to which the provisions of this Section 11.23 shall
apply).

 

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

 

Section 11.24   
Payments Set Aside. To the extent that any payment by or on behalf of any Loan Party is made to Administrative
Agent, L/C Issuer or any Lender, or Administrative Agent, 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 Administrative Agent, 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 L/C Issuer
severally agrees to pay to Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from
or repaid by 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 Lenders and 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.

 

    CREDIT AGREEMENT – Page 148

     

    

 

Section 11.25   
Setoff. If an Event of Default exists, Administrative Agent and each Lender shall have the right to set off
against the Obligations under the Loan Documents, at any time and without notice to any Loan Party, any and all deposits (general or
special, time or demand, provisional or final) or other sums at any time credited by or owing from Administrative Agent or such Lender
to such Loan Party whether or not the Obligations under the Loan Documents are then due; provided that in the event that any Defaulting
Lender shall exercise any such right of setoff: (a) all amounts so set off shall be paid over immediately to Administrative Agent for
further application in accordance with the provisions of Section 11.22 and, pending such payment, shall be segregated by
such Defaulting Lender from its other funds and deemed held in trust for the benefit of Administrative Agent and Lenders; and (b) such
Defaulting Lender shall provide promptly to Administrative Agent a statement describing in reasonable detail the Obligations under the
Loan Documents owing to such Defaulting Lender as to which it exercised such right of setoff. Each amount set off shall be paid to Administrative
Agent for application to the Obligations under the Loan Documents in the order set forth in Section 9.4. As further security
for the Obligations, each Loan Party hereby grants to Administrative Agent and each Lender a security interest in all money, instruments,
and other Property of such Loan Party, as applicable, now or hereafter held by Administrative Agent or such Lender, including, without
limitation, Property held in safekeeping. In addition to Administrative Agent’s and each Lender’s right of setoff and as
further security for the Obligations, each Loan Party hereby grants to Administrative Agent and each Lender a security interest in all
deposits (general or special, time or demand, provisional or final) and other accounts of such Loan Party now or hereafter on deposit
with or held by Administrative Agent or such Lender and all other sums at any time credited by or owing from Administrative Agent or
such Lender to such Loan Party. The rights and remedies of Administrative Agent and each Lender hereunder are in addition to other rights
and remedies (including, without limitation, other rights of setoff) which Administrative Agent or such Lender may have.

 

    CREDIT AGREEMENT – Page 149

     

    

 

 

Section 11.26   
Confidentiality. Each of Administrative Agent, L/C Issuer, Swing Line Lender and the Lenders agrees to maintain
the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates and to
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 or shall otherwise be subject to confidentiality provisions
generally), (b) to any regulatory authority purporting to have jurisdiction over it (including any self-regulatory authority, such
as the National Association of Insurance Commissioners) or any Governmental Authority, quasi-Governmental Authority or legislative committee,
(c) to the extent required by applicable Laws or regulations or by any subpoena or similar legal process, (d) to any other
party to this Agreement or any other Loan Document, (e) in connection with the exercise of any remedies hereunder or under any other
Loan Document or any suit, action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder
or thereunder, (f) subject to its being under a duty of confidentiality no less restrictive than this Section 11.26,
to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under
this Agreement, (ii) any actual or prospective counterparty (or its Related Parties) to any Bank Product relating to any Loan Party
and its obligations, (iii) any actual or prospective purchaser of a Lender or its holding company, (iv) any rating agency or
any similar organization in connection with the rating of any Loan Party or the Revolving Credit Facility or (v) the CUSIP Service
Bureau or any similar organization in connection with the issuance and monitoring of CUSIP numbers with respect to the Revolving Credit
Facility, (g) with the consent of Borrowers or such other applicable Loan Parties, or (h) to the extent such Information (i) becomes
publicly available other than as a result of a breach of this Section 11.26 or (ii) becomes available to Administrative
Agent, L/C Issuer, Swing Line Lender, any Lender or any of their respective Affiliates on a nonconfidential basis from a source other
than Borrowers. In addition, 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 Administrative Agent
and the Lenders in connection with the administration of this Agreement, the other Loan Documents, and the Commitments. For purposes
of this Section 11.26, “Information” means all information received from any Borrower or
any other Loan Party or any Subsidiary thereof relating to any Borrower or any other Loan Party or any Subsidiary thereof or any of their
respective businesses which is clearly identified as confidential, other than any such information that is available to Administrative
Agent, L/C Issuer, Swing Line Lender or any Lender on a nonconfidential basis prior to disclosure by any Borrower or any other Loan Party
or any Subsidiary thereof; provided that, in the case of information received from any Borrower or any other Loan Party or any
Subsidiary thereof 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 11.26 shall be considered to have
complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information
as such Person would accord to its own confidential information. Each Loan Party party hereto agrees and confirms that, as between such
Loan Party and Texas Capital Bank, the obligations of Texas Capital Bank under this Section 11.26 supersede and replace
in their respective entireties all confidentiality, non-disclosure and similar obligations of Texas Capital Bank, if any, set forth in
any previous agreement between such Loan Party and Texas Capital Bank notwithstanding anything to the contrary contained therein.

 

Each of the Loan Parties hereby
authorize Administrative Agent, with the written consent of the Borrower Representative, to publish the name and logo of any Loan Party
and the amount of the credit facility provided hereunder in any “tombstone” or comparable advertisement which Administrative
Agent desires to publish; provided, however, that Administrative Agent may provide industry trade organizations information necessary
for inclusion in league table measurements without the written consent of the Borrower Representative.

 

    CREDIT AGREEMENT – Page 150

     

    

 

Section 11.27   
Electronic Execution of Assignments and Certain Other Documents. The words “execute”, “execution”,
 “signed”, “signature”, and words of like import in or related to this Agreement, any other Loan Document or any
Assignment and Assumption or in any amendment or other modification hereof (including waivers and consents) shall be deemed to include
Electronic Signatures or execution in the form of an Electronic Record, the electronic matching of assignment terms and contract formations
on electronic platforms approved by Administrative Agent, or the keeping of records in electronic form, each of which shall be of the
same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the
case may be, to the extent and as provided for in any applicable Law, including the Federal Electronic Signatures in Global and National
Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state Laws based on the Uniform Electronic
Transactions Act. Notwithstanding anything contained herein to the contrary, Administrative Agent is under no obligation to accept an
Electronic Signature in any form or in any format unless expressly agreed to by Administrative Agent pursuant to procedures approved
by it; provided that  without limiting the foregoing, (a) to the extent Administrative Agent has agreed to accept such Electronic
Signature from any party hereto, Administrative Agent and the other parties hereto shall be entitled to rely on any such Electronic Signature
purportedly given by or on behalf of the executing party without further verification and (b) upon the request of Administrative Agent
or any Lender, any Electronic Signature shall be promptly followed by an original manually executed counterpart thereof.

 

Section 11.28   
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 entity, 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.

 

    CREDIT AGREEMENT – Page 151

     

    

 

Section 11.29   
Keepwell. Each Qualified ECP Guarantor party hereby jointly and severally absolutely, unconditionally and irrevocably
undertakes to provide such funds or other support as may be needed from time to time by each other Loan Party to honor all of such other
Loan Party’s (a) Swap Obligations and (b) obligations under the Guaranty including those with respect to Swap Obligations (provided,
however, that each Qualified ECP Guarantor shall only be liable under this Section for the maximum amount of such liability that
can be hereby incurred without rendering its obligations under this Section, or otherwise under this Agreement or any other Loan Document,
voidable under applicable Law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations
of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Obligations (other than contingent
indemnification obligations that survive the termination of this Agreement) have been paid in full and the Commitments have expired or
terminated. Each Qualified ECP Guarantor intends that this Section constitute, and this Section shall be deemed to constitute, a “keepwell,
support, or other agreement” for the benefit of each other Loan Party for all purposes of Section 1a(18)(A)(v)(ii) of the Commodity
Exchange Act.

 

Section 11.30   
NOTICE OF FINAL AGREEMENT. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE
PARTIES RELATING TO THE SUBJECT MATTER HEREOF AND THEREOF 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.

 

Section 11.31   
Acknowledgement Regarding Any Supported QFCs. To the extent that the Loan Documents provide support, through
a guarantee or otherwise, for Hedge Agreements or any other agreement or instrument that is a QFC (such support, “QFC Credit
Support” and each such QFC a “Supported QFC”), the parties acknowledge and agree as follows with
respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of
the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S.
Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable
notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of Texas
and/or of the United States or any other state of the United States):

 

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 Regimes
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 Regimes, 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.

 

    CREDIT AGREEMENT – Page 152

     

    

 

Article 12.

 

GUARANTY

 

Section 12.1       
Guaranty. In consideration of the Loans, advances and other credit heretofore or hereafter granted by the Secured
Parties to Borrowers pursuant to this Agreement and the other Loan Documents and in further consideration of any Bank Product Agreements,
Guarantors hereby, jointly and severally, unconditionally, absolutely and irrevocably, guarantee to the Secured Parties, the due and
punctual payment at maturity, whether by acceleration or otherwise, and the due fulfillment and performance of the Obligations. Each
Guarantor is jointly and severally liable for the full payment and performance of the Obligations as a primary obligor.

 

Section 12.2       
Payment. If any of the Obligations is not punctually paid when such indebtedness becomes due and payable, either
by its terms or as a result of the exercise of any power to accelerate, Guarantors shall, immediately on demand and without presentment,
protest, notice of protest, notice of nonpayment, notice of intent to accelerate, notice of acceleration or any other notice whatsoever
(all of which are expressly waived in accordance with Section 12.3 hereof), pay the amount due and payable thereon to Administrative
Agent, at its Principal Office. It is not necessary for Administrative Agent, in order to enforce such payment by Guarantors, first to
institute suit or exhaust its remedies against Borrowers or others liable on the Obligations, or to enforce its rights against any security
given to secure such Obligations. Administrative Agent is not required to mitigate damages or take any other action to reduce, collect
or enforce the Obligations. No setoff, counterclaim, reduction or diminution of any obligation, or any defense of any kind which any
Guarantor has or may have against any Borrower or any Secured Party shall be available hereunder to Guarantors. No payment by any Guarantor
shall discharge the liability of Guarantors hereunder until the Obligations have been fully satisfied and the Release Date shall have
occurred. If Administrative Agent must rescind or restore any payment, or any part thereof, received by Administrative Agent on any part
of the Obligations, any prior release or discharge from the terms of this Guaranty given Guarantors by Administrative Agent or any reduction
of any Guarantor’s liability hereunder shall be without effect, and this Guaranty shall remain in full force and effect.

 

Section 12.3       
Agreements and Waivers. Each Guarantor

 

(a)              
agrees to all terms and agreements heretofore or hereafter made by Borrowers with Administrative Agent and/or any other Secured
Party;

 

(b)               agrees
that Administrative Agent may without impairing its rights or the obligations of such Guarantor hereunder (i) waive or delay the
exercise of any of its rights or remedies against or release Borrowers or any other Person, including, without limitation, any other
party who is or whose Property is liable with respect to the Obligations or any part thereof (Guarantors and any such other Person
or Persons are hereafter collectively called the “Sureties” and individually called a “Surety”); (ii) take
or accept any other security, collateral or guaranty, or other assurance of the payment of all or any part of the Obligations; (iii)
release, surrender, exchange, subordinate or permit or suffer to exist any deterioration, waste, loss or impairment (including
without limitation negligent, willful, unreasonable or unjustified impairment) of any collateral, Property or security, at any time
existing in connection with, or assuring or securing payment of, all or any part of the Obligations or the liability of such
Guarantor or any other Surety; (iv) increase, renew, extend, or modify the terms of any of the Obligations or any instrument or
agreement evidencing the same; (v) apply payments by Borrowers, any Surety, or any other Person, to any of the Obligations; (vi)
bring suit against any one or more Sureties without joining any other Surety or Borrowers in such proceeding; (vii) compromise or
settle with any one or more Sureties in whole or in part for such consideration or no consideration as Administrative Agent may deem
appropriate; or (viii) partially or fully release any Guarantor or any other Surety from liability hereunder;

 

    CREDIT AGREEMENT – Page 153

     

    

 

(c)              
agrees that the obligations of such Guarantor under this Guaranty shall not be released, diminished, or adversely affected by any
of the following: (i) the insolvency, bankruptcy, rearrangement, adjustment, composition, liquidation, disability, dissolution or lack
of power of Borrowers or any Surety; (ii) the invalidity, illegality or unenforceability of all or any part of the Obligations or any
document or agreement executed in connection with the Obligations, for any reason, or the fact that any debt included in the Obligations
exceeds the amount permitted by Law; (iii) the failure of Administrative Agent or any other party to exercise diligence or reasonable
care or to act in a commercially reasonable manner in the preservation, protection, enforcement, sale or other handling or treatment of
all or any part of such collateral, Property or security; (iv) the fact that any collateral, security or Lien contemplated or intended
to be given, created or granted as security for the repayment of the Obligations is not properly perfected or created, or proves to be
unenforceable or subordinate to any other Lien; (v) the fact that any Borrower has any defense to the payment of all or any part of the
Obligations; (vi) any payment by Borrowers or any Surety to Administrative Agent and/or any other Secured Party is a preference under
applicable Debtor Relief Laws, or for any reason Administrative Agent and/or any other Secured Party is required to refund such payment
or pay such amounts to Borrowers, any such Surety, or someone else; (vii) any defenses which Borrowers could assert on the Obligations,
including but not limited to failure of consideration, breach of warranty, fraud, payment, accord and satisfaction, strict foreclosure,
statute of frauds, bankruptcy, statute of limitations, lender liability and usury; or (viii) any other action taken or omitted to be taken
with respect to this Agreement, the Loan Documents, the Obligations, the security and collateral therefor whether or not such action or
omission prejudices such Guarantor or any Surety, or increases the likelihood that such Guarantor will be required to pay the Obligations
pursuant to the terms hereof;

 

(d)              
agrees that such Guarantor is obligated to pay the Obligations when due, notwithstanding any occurrence, circumstance, event, action
or omission whatsoever, whether or not particularly described herein, except for the full and final payment and satisfaction of the Obligations;

 

(e)              
to the extent allowed by applicable Law, waives all rights and remedies now or hereafter accorded by applicable Law to guarantors
or sureties, including without limitation any defense, right of offset or other claim which such Guarantor may have against Borrowers
or which Borrowers may have against Administrative Agent and/or the Lenders;

 

    CREDIT AGREEMENT – Page 154

     

    

 

(f)               
 waives all notices whatsoever with respect to this Guaranty or with respect to the Obligations, including, but without limitation,
notice of (i) Administrative Agent’s and/or any other Secured Party’s acceptance hereof or its intention to act, or its action,
in reliance hereon; (ii) the present existence, future incurring, or any amendment of the provisions of any of the Obligations or any
terms or amounts thereof or any change therein in the rate of interest thereon; (iii) any default by Borrowers or any Surety; or (iv)
the obtaining, enforcing, or releasing of any guaranty or surety agreement (in addition hereto), pledge, assignment or other security
for any of the Obligations;

 

(g)              
waives notice of presentment for payment, notice of protest, protest, demand, notice of intent to accelerate, notice of acceleration
and notice of nonpayment, protest in relation to any instrument evidencing any of the Obligations, and any demands and notices required
by Law, except as such waiver may be expressly prohibited by Law, and diligence in bringing suits against any Surety; and

 

(h)              
waives each right to which it may be entitled by virtue of the Laws of the State of Texas governing or relating to suretyship and
guaranties, including, without limitation, any rights under Rule 31, Texas Rules of Civil Procedure, Chapter 51 of the Texas Property
Code, Section 17.001 of the Texas Civil Practice and Remedies Code, Section 3.605 of the Uniform Commercial Code, and Chapter 43 of the
Texas Civil Practice and Remedies Code, as any or all of the same may be amended or construed from time to time, or the common law of
the State of Texas at all relevant times.

 

Section 12.4       
Liability. The liability of each Guarantor under this Guaranty is irrevocable, absolute and unconditional, without
regard to the liability of any other Person, and shall not in any manner be affected by reason of any action taken or not taken by Administrative
Agent and/or any other Secured Party, which action or inaction is herein consented and agreed to, nor by the partial or complete unenforceability
or invalidity of any other guaranty or surety agreement, pledge, assignment or other security for any of the Obligations. No delay in
making demand on Sureties or any of them for satisfaction of the liability hereunder shall prejudice Administrative Agent’s right
to enforce such satisfaction. All of Administrative Agent’s rights and remedies shall be cumulative and any failure of Administrative
Agent to exercise any right hereunder shall not be construed as a waiver of the right to exercise the same or any other right at any
time, and from time to time, thereafter. This is a continuing guaranty of payment, not a guaranty of collection, and this Guaranty shall
be binding upon Guarantors regardless of how long before or after the date hereof any of the Obligations were or are incurred.

 

    CREDIT AGREEMENT – Page 155

     

    

 

Section 12.5       
Subordination. If a Borrower or any other Loan Party is now or hereafter becomes indebted to one or more Guarantors
(such indebtedness and all interest thereon is referred to as the “Affiliated Debt”), such Affiliated Debt
shall be subordinate in all respects to the full payment and performance of the Obligations, and no Guarantor shall be entitled to enforce
or receive payment with respect to any Affiliated Debt until the Release Date. Each Guarantor agrees that any Liens, mortgages, deeds
of trust, security interests, judgment liens, charges or other encumbrances upon any Loan Party’s assets securing the payment of
the Affiliated Debt shall be and remain subordinate and inferior to any Liens, mortgages, deeds of trust, security interests, judgment
liens, charges or other encumbrances upon any Loan Party’s assets securing the payment of the Obligations, and without the prior
written consent of Administrative Agent, no Guarantor shall exercise or enforce any creditor’s rights of any nature against any
Loan Party to collect the Affiliated Debt (other than demand payment therefor). In the event of the receivership, bankruptcy, reorganization,
arrangement, debtor’s relief or other insolvency proceedings involving any Borrower or any applicable Loan Party as a debtor, Administrative
Agent has the right and authority, either in its own name or as attorney-in-fact for any applicable Guarantor, to file such proof of
debt, claim, petition or other documents and to take such other steps as are necessary to prove its rights hereunder and receive directly
from the receiver, trustee or other court custodian, payments, distributions or other dividends which would otherwise be payable upon
the Affiliated Debt. Each Guarantor hereby assigns such payments, distributions and dividends to Administrative Agent, and irrevocably
appoints Administrative Agent as its true and lawful attorney-in-fact with authority to make and file in the name of such Guarantor any
proof of debt, amendment of proof of debt, claim, petition or other document in such proceedings and to receive payment of any sums becoming
distributable on account of the Affiliated Debt, and to execute such other documents and to give acquittances therefor and to do and
perform all such other acts and things for and on behalf of such Guarantor as may be necessary in the opinion of Administrative Agent
in order to have the Affiliated Debt allowed in any such proceeding and to receive payments, distributions or dividends of or on account
of the Affiliated Debt.

 

Section 12.6       
Subrogation. No Guarantor waives or releases any rights of subrogation, reimbursement or contribution which
such Guarantor may have, after full and final payment of the Obligations, against others liable on the Obligations. Each Guarantor’s
rights of subrogation and reimbursement are subordinate in all respects to the rights and claims of Administrative Agent and the other
Secured Parties, and no Guarantor may exercise any rights it may acquire by way of subrogation under this Guaranty, by payment made hereunder
or otherwise, until the Release Date. If any amount is paid to any Guarantor on account of such subrogation rights prior to the Release
Date, such amount shall be held in trust for the benefit of Administrative Agent and/or the other Secured Parties to be credited and
applied on the Obligations, whether matured or unmatured.

 

Section 12.7       
Other Indebtedness or Obligations of Guarantors. If any Guarantor is or becomes liable for any indebtedness
owed by any Loan Party to the Lenders by endorsement or otherwise than under this Guaranty, such liability shall not be affected by this
Guaranty, and the rights of Administrative Agent and the Lenders hereunder shall be cumulative of all other rights that Administrative
Agent and the Lenders may have against such Guarantor. The exercise by Administrative Agent of any right or remedy hereunder or under
any other instrument or at law or in equity shall not preclude the concurrent or subsequent exercise of any other instrument or remedy
at law or in equity and shall not preclude the concurrent or subsequent exercise of any other right or remedy. Further, without limiting
the generality of the foregoing, this Guaranty is given by Guarantors as an additional guaranty to all guaranties heretofore or hereafter
executed and delivered to Administrative Agent and/or the Lenders by Guarantors in favor of Administrative Agent and/or the Lenders relating
to the indebtedness of the Loan Parties to the Secured Parties, and nothing herein shall be deemed to replace or be in lieu of any other
of such previous or subsequent guarantees.

 

Section 12.8       
Costs and Expenses. Guarantors jointly and severally agree to pay to Administrative Agent and the Lenders, upon
demand, all losses and costs and expenses, including attorneys’ fees, that may be incurred by Administrative Agent and the Lenders
in attempting to cause the Obligations to be satisfied or in attempting to cause satisfaction of Guarantors’ liability under this
Guaranty.

 

    CREDIT AGREEMENT – Page 156

     

    

 

Section 12.9       
Exercising Rights, Etc. No notice to or demand upon any Guarantor in any case shall, of itself, entitle such
Guarantor or any other Guarantor to any other or further notice or demand in similar or other circumstances. No delay or omission by
Administrative Agent in exercising any power or right hereunder shall impair such right or power or be construed as a waiver thereof
or any acquiescence therein, nor shall any single or partial exercise of any such power preclude other or further exercise thereof, or
the exercise of any other right or power hereunder.

 

Section 12.10   
Benefit; Binding Effect. This Guaranty shall inure to the benefit of Administrative Agent and each other Secured
Party and their respective successors and assigns, and to any interest in any of the Obligations. All of the obligations of Guarantors
arising hereunder shall be jointly and severally binding on each of the Persons signing this Guaranty, and their respective successors
and assigns (provided, however, that no Guarantor may, without the prior written consent of Administrative Agent in each instance,
assign or delegate any of its rights, powers, duties or obligations hereunder, and any attempted assignment or delegation made without
Administrative Agent’s prior written consent shall be void ab initio and of no force or effect).

 

Section 12.11   
Multiple Guarantors. It is specifically agreed that Administrative Agent may enforce the provisions hereof with
respect to one or more Guarantors without seeking to enforce the same as to all or any Guarantors. If one or more additional guaranty
agreements (“Other Guaranties”) are executed by one or more additional guarantors (“Other Guarantors”),
which guarantee, in whole or in part, any of the Obligations, it is specifically agreed that Administrative Agent may enforce the provisions
of this Guaranty or of Other Guaranties with respect to one or more of Guarantors or any one or more of Other Guarantors under Other
Guaranties without seeking to enforce the provisions of this Guaranty or Other Guaranties as to all or any of Guarantors or Other Guarantors.
Each Guarantor hereby waives any requirement of joinder of all or any other Guarantor or all or any of Other Guarantors in any suit or
proceeding to enforce the provisions of this Guaranty or of Other Guaranties. The liability hereunder of all Guarantors hereunder shall
be joint and several.

 

Section 12.12   
Additional Guarantors. From time to time subsequent to the date hereof, additional Persons may become parties
hereto as additional Guarantors (each, an “Additional Guarantor”), by executing a Joinder Agreement. Upon delivery
of any such Joinder Agreement to Administrative Agent, notice of which is hereby waived by Guarantors, each Additional Guarantor shall
be a Guarantor and shall be as fully a party hereto as if Additional Guarantor were an original signatory hereto. Each Guarantor expressly
agrees that its obligations arising hereunder shall not be affected or diminished by the addition or release of any other Guarantor hereunder,
nor by any election of Administrative Agent not to cause any Subsidiary or Affiliate of Company to become an Additional Guarantor hereunder.
This Guaranty shall be fully effective as to any Guarantor that is or becomes a party hereto regardless of whether any other Person becomes
or fails to become or ceases to be a Guarantor hereunder.

 

    CREDIT AGREEMENT – Page 157

     

    

 

Section 12.13   
Reinstatement. Notwithstanding anything contained in this Agreement or the other Loan Documents, the obligations
of each Guarantor under this Article 12 shall be automatically reinstated if and to the extent that for any reason any
payment by or on behalf of any Person in respect of the Obligations is rescinded or must be otherwise restored by any holder of any of
the Obligations, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, and each Guarantor agrees that
it will indemnify each Secured Party on demand for all reasonable costs and expenses (including, without limitation, reasonable fees
of counsel) incurred by such Person in connection with such rescission or restoration, including any such costs and expenses incurred
in defending against any claim alleging that such payment constituted a preference, fraudulent transfer or similar payment under any
Debtor Relief Law.

 

Section 12.14   
Maximum Liability. Anything in this Guaranty to the contrary notwithstanding, the obligations of each Guarantor
hereunder shall be limited to a maximum aggregate amount equal to the largest amount that would not render its obligations hereunder
subject to avoidance as a fraudulent transfer or conveyance under Section 548 of Title 11 of the United States Code or any applicable
provisions of comparable Law (collectively, the “Fraudulent Transfer Laws”), in each case after giving effect
to all other liabilities of such Guarantor, contingent or otherwise, that are relevant under the Fraudulent Transfer Laws (specifically
excluding, however, any liabilities of such Guarantor in respect of intercompany indebtedness to other Loan Parties or Affiliates of
other Loan Parties to the extent that such indebtedness would be discharged in an amount equal to the amount paid or Property conveyed
by such Guarantor under the Loan Documents) and after giving effect as assets, subject to Section 12.6, to the value (as
determined under the applicable provisions of the Fraudulent Transfer Laws) of any rights to subrogation or contribution of such Guarantor
pursuant to (a) applicable Law or (b) any agreement providing for an equitable allocation among such Guarantor and other Loan Parties
of obligations arising under the Loan Documents and Bank Product Agreements.

 

[Remainder of Page Intentionally Left Blank;
Signature Page Follows]

 

    CREDIT AGREEMENT – Page 158

     

    

 

ANNEX C

 

SCHEDULE 5.13

 

Parent

 

	Parent	Jurisdiction of Organization	Ownership in Company
	FlexEnergy Green Solutions, Inc.	Delaware	100%

 

Subsidiaries

 

	Loan Party	Jurisdiction of Organization	Ownership in Subsidiary
	Flex Power Co.	Delaware	Flex Leasing Power & Service LLC – 100%
	Flex Leasing Power and Service, ULC	Alberta, Canada	Flex Power Co. – 100% 

 

    ANNEX C

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00338-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00338-of-00352.parquet"}]]