Document:

Exhibit 10.1

 

Execution Copy

 

SENIOR SECURED CREDIT FACILITIES

 

AMENDED
AND RESTATED CREDIT AGREEMENT

 

dated as of January 4,
2021,

 

among

 

CROWDSTRIKE
HOLDINGS, INC.,

 

as a Guarantor,

 

CROWDSTRIKE,
INC.,

as the Borrower,

 

The Several
Lenders from Time to Time PartY Hereto,

 

SILICON
VALLEY BANK,

 

as
Administrative Agent, Issuing Lender and Swingline Lender,

 

SILICON VALLEY BANK
and JPMORGAN CHASE BANK, N.A.,

as Lead Arrangers,

and

 

BANK OF AMERICA, N.A.,

BARCLAYS BANK PLC,

CITIBANK, N.A.

and

WELLS FARGO BANK, NA.,

as Co-Syndication Agents

  

     

     

    

 

Table of Contents

 

 

	 	 	Page
	SECTION 1 DEFINITIONS	2
	1.1	Defined Terms	2
	1.2	Other Definitional Provisions	41
	1.3	Rounding	42
	1.4	Limited Condition Acquisitions	42
	SECTION 2 AMOUNT AND TERMS OF COMMITMENTS	43
	2.1	[Reserved]	43
	2.2	[Reserved]	43
	2.3	[Reserved]	43
	2.4	Revolving Commitments	43
	2.5	Procedure for Revolving Loan Borrowing	43
	2.6	Swingline Commitment	44
	2.7	Procedure for Swingline Borrowing; Refunding of Swingline Loans	44
	2.8	Overadvances	46
	2.9	Fees	46
	2.10	Termination or Reduction of Revolving Commitments; Prepayments	46
	2.11	[Reserved]	47
	2.12	[Reserved]	47
	2.13	Conversion and Continuation Options	47
	2.14	Limitations on Eurodollar Tranches	47
	2.15	Interest Rates and Payment Dates	48
	2.16	Computation of Interest and Fees	48
	2.17	Inability to Determine Interest Rate	49
	2.18	Pro Rata Treatment and Payments	50
	2.19	Illegality; Requirements of Law	54
	2.20	Taxes	55
	2.21	Indemnity	58
	2.22	Change of Lending Office	59
	2.23	Substitution of Lenders	59
	2.24	Defaulting Lenders	60
	2.25	[Reserved]	62
	2.26	Notes	62
	2.27	Incremental Facility	62
	SECTION 3 LETTERS OF CREDIT	64
	3.1	L/C Commitment	64
	3.2	Procedure for Issuance of Letters of Credit	65
	3.3	Fees and Other Charges	66
	3.4	L/C Participations; Existing Letters of Credit	67
	3.5	Reimbursement.	67
	3.6	Obligations Absolute	68
	3.7	Letter of Credit Payments	68
	3.8	Applications	68
	3.9	Interim Interest	69
	3.10	Cash Collateral	69
	3.11	Additional Issuing Lenders	70

 

    -i-

     

    

 

Table of Contents

(continued)

 

	 	 	Page
	3.12	Resignation of the Issuing Lender	70
	3.13	Applicability of UCP and ISP	70
	SECTION 4 REPRESENTATIONS AND WARRANTIES	70
	4.1	Financial Condition	71
	4.2	No Change	71
	4.3	Existence; Compliance with Law	71
	4.4	Power, Authorization; Enforceable Obligations	72
	4.5	No Legal Bar	72
	4.6	Litigation	72
	4.7	No Default	72
	4.8	Ownership of Property; Liens; Investments	72
	4.9	Intellectual Property	72
	4.10	Taxes	73
	4.11	Federal Regulations	73
	4.12	Labor Matters	73
	4.13	ERISA	73
	4.14	Investment Company Act; Other Regulations	74
	4.15	Subsidiaries	74
	4.16	Use of Proceeds	75
	4.17	Environmental Matters	75
	4.18	Accuracy of Information, etc.	76
	4.19	Security Documents.	76
	4.20	Solvency	77
	4.21	Regulation H	77
	4.22	Designated Senior Indebtedness	77
	4.23	[Reserved]	77
	4.24	Insurance	77
	4.25	No Casualty	77
	4.26	[Reserved]	77
	4.27	[Reserved]	77
	4.28	OFAC	77
	4.29	Anti-Corruption Laws	77
	SECTION 5 CONDITIONS PRECEDENT	78
	5.1	Conditions to Initial Extension of Credit	78
	5.2	Conditions to Each Extension of Credit	80
	5.3	Post-Closing Conditions	81
	SECTION 6 AFFIRMATIVE COVENANTS	81
	6.1	Financial Statements	81
	6.2	Certificates; Reports; Other Information	82
	6.3	[Reserved]	83
	6.4	Payment of Obligations	83
	6.5	Maintenance of Existence; Compliance	83
	6.6	Maintenance of Property; Insurance	84
	6.7	Inspection of Books and Records; Discussions	84
	6.8	Notices	84

 

    -ii-

     

    

 

Table of Contents

(continued)

  

	 	 	Page
	6.9	Environmental Laws	85
	6.10	Control Agreements	85
	6.11	[Reserved]	86
	6.12	Additional Collateral, Etc.	86
	6.13	[Reserved]	88
	6.14	Use of Proceeds	88
	6.15	Designated Senior Indebtedness	88
	6.16	Anti-Corruption Laws	88
	6.17	Further Assurances	88
	SECTION 7 NEGATIVE COVENANTS	88
	7.1	Financial Condition Covenants	88
	7.2	Indebtedness	89
	7.3	Liens	91
	7.4	Fundamental Changes	93
	7.5	Disposition of Property	93
	7.6	Restricted Payments	94
	7.7	[Reserved]	95
	7.8	Investments	96
	7.9	ERISA	98
	7.10	[Reserved]	98
	7.11	Transactions with Affiliates	98
	7.12	Sale Leaseback Transactions	98
	7.13	Swap Agreements	98
	7.14	Accounting Changes	98
	7.15	Negative Pledge Clauses	99
	7.16	Clauses Restricting Subsidiary Distributions	99
	7.17	Lines of Business	99
	7.18	Designation of other Indebtedness	100
	7.19	[Reserved]	100
	7.20	Amendments to Organizational Agreements	100
	7.21	Use of Proceeds	100
	7.22	Subordinated Indebtedness	100
	7.23	Anti-Terrorism Laws	101
	SECTION 8 EVENTS OF DEFAULT	101
	8.1	Events of Default	101
	8.2	Remedies Upon Event of Default	103
	8.3	Application of Funds	104
	SECTION 9 THE ADMINISTRATIVE AGENT	105
	9.1	Appointment and Authority	105
	9.2	Delegation of Duties	106
	9.3	Exculpatory Provisions	107
	9.4	Reliance by Administrative Agent	107
	9.5	Notice of Default	108
	9.6	Non-Reliance on Administrative Agent and Other Lenders	108
	9.7	Indemnification	109

 

    -iii-

     

    

 

Table of Contents

(continued)

  

	 	 	Page
	9.8	Agent in Its Individual Capacity	109
	9.9	Successor Administrative Agent	109
	9.10	Collateral and Guaranty Matters	110
	9.11	Administrative Agent May File Proofs of Claim	111
	9.12	No Other Duties, etc.	112
	9.13	Cash Management Bank and Qualified Counterparty Reports	112
	9.14	Certain ERISA Matters	112
	9.15	Survival	113
	SECTION 10 MISCELLANEOUS	114
	10.1	Amendments and Waivers	114
	10.2	Notices	116
	10.3	No Waiver; Cumulative Remedies	117
	10.4	Survival of Representations and Warranties	117
	10.5	Expenses; Indemnity; Damage Waiver	118
	10.6	Successors and Assigns; Participations and Assignments.	119
	10.7	Adjustments; Set-off	123
	10.8	Payments Set Aside	124
	10.9	Interest Rate Limitation	124
	10.10	Counterparts; Electronic Execution of Assignments	124
	10.11	Severability	125
	10.12	Integration	125
	10.13	GOVERNING LAW	125
	10.14	Submission to Jurisdiction; Waivers	125
	10.15	Acknowledgements	126
	10.16	Releases of Guarantees and Liens	127
	10.17	Treatment of Certain Information; Confidentiality	127
	10.18	Automatic Debits	128
	10.19	Judgment Currency	128
	10.20	Patriot Act	129
	10.21	Acknowledgement and Consent to Bail-In of Affected Financial Institutions	129
	10.22	Amendment and Restatement of Existing Credit Agreement; Acknowledgement of Prior Obligations; No Novation	130
	10.23	Acknowledgment Regarding Any Supported QFCs	131

 

    -iv-

     

    

 

Table of Contents

(continued)

 

Schedules

 

	Schedule 1.1A:	Commitments
	Schedule 1.1B:	Existing Letters of Credit
	Schedule 4.4:	Governmental Approvals, Consents, Authorizations, Filings and Notices
	Schedule 4.6:	Litigation
	Schedule 4.15:	Subsidiaries
	Schedule 4.17:	Environmental Matters
	Schedule 4.19(a):	Financing Statements and Other Filings
	Schedule 7.2(d):	Existing Indebtedness
	Schedule 7.3(f):	Existing Liens
	Schedule 7.8(e):	Existing Investments

 

Exhibits

 

	Exhibit A:	[Reserved]
	Exhibit B:	Form of Compliance Certificate
	Exhibit C:	Form of Secretary’s/Managing Member’s Certificate
	Exhibit D:	Form of Solvency Certificate
	Exhibit E:	Form of Assignment and Assumption
	Exhibits F-1 – F-4:	Forms of U.S. Tax Compliance Certificate
	Exhibit G:	[Reserved]
	Exhibit H-1:	Form of Revolving Loan Note
	Exhibit H-2:	Form of Swingline Loan Note
	Exhibit I:	[Reserved]
	Exhibit J:	Form of Collateral Information Certificate
	Exhibit K:	Form of Notice of Borrowing
	Exhibit L:	Form of Notice of Conversion/Continuation

 

    -v-

     

    

 

 

AMENDED
AND RESTATED CREDIT AGREEMENT

 

THIS
AMENDED AND RESTATED Credit Agreement (this “Agreement”), dated as of January 4, 2021, is
entered into by and among CROWDSTRIKE HOLDINGS, INC., a Delaware corporation (“Holdings”), CROWDSTRIKE,
INC., a Delaware corporation (“CrowdStrike” or the “Borrower”), the several
banks and other financial institutions or entities from time to time party to this Agreement (each a “Lender”
and, collectively, the “Lenders”), SILICON VALLEY BANK (“SVB”), as the
Issuing Lender and the Swingline Lender, and SVB, as administrative agent
and collateral agent for the Lenders (in such capacities together with any successors and assigns in such capacities, the “Administrative
Agent”).

 

recitals:

 

WHEREAS, the
Borrower is a party to that certain Credit Agreement, originally dated as of April 19, 2019 (as amended, restated or otherwise
modified prior to date hereof, the “Existing Credit Agreement”), among Holdings, the Borrower, CrowdStrike
Services, Inc., a Delaware corporation which has since merged with and into the Borrower, the lenders party thereto from time to
time, SVB, as the administrative agent and collateral agent for the lenders, pursuant to which the lenders, the issuing lenders
and the swingline lenders have made available certain extensions of credit;

 

WHEREAS, Holdings,
the Borrower, the Lenders, the Departing Lenders (as hereafter defined) and the Administrative Agent have agreed (a) to enter into
this Agreement in order to (i) amend and restate the Existing Credit Agreement in its entirety and (ii) set forth the terms and
conditions under which the Lenders will, from time to time, make loans and extend other financial accommodations to the Borrower,
as set forth below, and (b) that each Departing Lender shall cease to be a party to the Existing Credit Agreement as evidenced
by its execution and delivery of its Departing Lender Termination Letter (as hereinafter defined);

 

Whereas,
the Lenders have agreed to extend a revolving credit facility to the Borrower, upon the terms and conditions specified in this
Agreement, in an aggregate principal amount not to exceed $750,000,000, including a letter of credit sub-facility in the aggregate
availability amount of $100,000,000 (as a sublimit of the revolving loan facility), and a swingline sub-facility in the aggregate
availability amount of $50,000,000 (as a sublimit of the revolving loan facility);

 

WHEREAS, the
Borrower has agreed to secure all of its Obligations by granting to the Administrative Agent, for the benefit of the Secured Parties,
a first priority lien (subject to Liens permitted by the Loan Documents) on substantially all of its assets; and

 

WHEREAS, each
of the Guarantors has agreed to guarantee the Obligations of the Borrower and to secure its respective Obligations in respect of
such guarantee by granting to the Administrative Agent, for the benefit of the Secured Parties, a first priority lien (subject
to Liens permitted by the Loan Documents) on substantially all of its assets.

 

Now,
Therefore, in consideration of the mutual conditions and agreements set forth in this Agreement, and for good and valuable
consideration, the receipt of which is hereby acknowledged, the parties hereto hereby agree that the Existing Credit Agreement
shall be amended and restated in its entirety to read as follows (it being agreed that this Agreement shall not be deemed to evidence
or result in a novation or repayment and reborrowing of the Obligations under, and as defined in, the Existing Credit Agreement):

 

    1

     

    

 

SECTION 1

DEFINITIONS

 

1.1               Defined Terms. As used in this Agreement (including the recitals hereof), the terms listed in this Section 1.1
shall have the respective meanings set forth in this Section 1.1.

 

“ABR”:
for any day, a rate per annum equal to the highest of (a) the Prime Rate in effect on such day, (b) the Federal Funds
Effective Rate in effect for such day plus 0.50%, and (c) the Eurodollar Rate plus 1.00%. Any change in the ABR due to a change
in any of the Prime Rate, the Federal Funds Effective Rate or the Eurodollar Rate, as the case may be, shall be effective as of
the opening of business on the effective day of the change in such rates. If ABR is being used as an alternate rate of interest
pursuant to Section 2.17 (for the avoidance of doubt, only until the Benchmark Replacement has been determined pursuant
to Section 2.17(b)), then the ABR shall be the greater of clauses (a) and (b) above and shall be determined without reference
to clause (c) above.

 

“ABR Loans”:
Loans, the rate of interest applicable to which is based upon the ABR.

 

“Account
Debtor”: any Person who may become obligated to any Person under, with respect to, or on account of, an Account,
chattel paper or general intangibles (including a payment intangible). Unless otherwise stated, the term “Account Debtor,”
when used herein, shall mean an Account Debtor in respect of an Account of the Borrower.

 

“Accounts”:
all “accounts” (as defined in the UCC) of a Person, including, without limitation, accounts, accounts receivable, monies
due or to become due and obligations in any form (whether arising in connection with contracts, contract rights, instruments, general
intangibles, or chattel paper), in each case whether arising out of goods sold or services rendered or from any other transaction
and whether or not earned by performance, now or hereafter in existence, and all documents of title or other documents representing
any of the foregoing, and all collateral security and guaranties of any kind, now or hereafter in existence, given by any Person
with respect to any of the foregoing. Unless otherwise stated, the term “Account,” when used herein, shall mean an
Account of the Borrower.

 

“Acquisition”:
purchases or other acquisitions by any Group Member of the Capital Stock in a Person that, upon the consummation thereof, will
be a Subsidiary (including as a result of a merger or consolidation) or all or substantially all of the assets of, or assets constituting
one or more business units.

 

“Administrative
Agent”: SVB, as the administrative agent under this Agreement and the other Loan Documents, together with any of
its successors in such capacity.

 

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

 

“Affected
Lender”: as defined in Section 2.23.

 

“Affiliate”:
with respect to a specified Person, another Person that directly, or indirectly through one or more intermediaries, Controls or
is Controlled by or is under common Control with the Person specified; provided that, neither the Administrative Agent nor the
Lenders shall be deemed Affiliates of the Loan Parties as a result of the exercise of their rights and remedies under the Loan
Documents.

 

“Agent
Parties”: as defined in Section 10.2(c)(ii).

 

“Aggregate
Exposure”: with respect to any Lender at any time, an amount equal to the sum of (a) the amount of such
Lender’s Revolving Commitment then in effect or, if the Revolving Commitments have been terminated, the amount of such
Lender’s Revolving Extensions of Credit then outstanding, and (b) without duplication of clause (a), the L/C Commitment
of such Lender then in effect (as a sublimit of the Revolving Commitment of such Lender).

 

    2

     

    

 

“Aggregate
Exposure Percentage”: with respect to any Lender at any time, the ratio (expressed as a percentage) of such Lender’s
Aggregate Exposure at such time to the Aggregate Exposure of all Lenders at such time.

 

“Agreement”:
as defined in the preamble hereto.

 

“Applicable
Margin”: commencing on the first Business Day immediately following the date on which Holdings delivers a Compliance
Certificate pursuant to Section 6.2(b), the rate per annum set forth under the relevant column heading below based
upon the Consolidated Senior Secured Leverage Ratio in such Compliance Certificate:

 

	
         

        

        Level
	
 

                                                                                 

                                                                                Consolidated Senior 
 Secured Leverage 
 Ratio
	
         

        Applicable 

Margin for 

Eurodollar 

Loans
        and 

Letters of 

Credit
	
         

        Applicable 

Margin for ABR 

Loans
	
        
 

        Commitment Fee 

Rate

         

         

	III	> 2.50:1.00	2.00%	0.25%	0.25%
	II	< 2.50:1.00 but > 1.00:1.00	1.75%	0.00%	0.20%
	I	< 1.00:1.00	1.50%	(0.25)%	0.15%

 

Notwithstanding the
foregoing, (a) until the delivery of the first Compliance Certificate required to be delivered pursuant to Section 6.2(b)
after the Closing Date, the Applicable Margin shall be the rates corresponding to Level I in the foregoing table, (b) if Holdings
fails to deliver the financial statements required by Section 6.1 and the related Compliance Certificate required by Section
6.2(b), by the respective date required thereunder after the end of any related fiscal quarter of Holdings, the Applicable
Margin shall be the rates corresponding to Level III in the foregoing table until such financial statements and Compliance Certificate
are delivered, and (c) no reduction to the Applicable Margin shall become effective at any time when an Event of Default has
occurred and is continuing.

 

If, as a result of
any restatement of or other adjustment to the financial statements of the Loan Parties or for any other reason, (x) the Consolidated
Senior Secured Leverage Ratio as calculated by Holdings as of any applicable date was inaccurate and (y) a proper calculation
of the Consolidated Senior Secured Leverage Ratio would have resulted in different pricing for any period, then (i) if the
proper calculation of the Consolidated Senior Secured Leverage Ratio would have resulted in higher pricing for such period, the
Borrower shall automatically and retroactively be obligated to pay to the Administrative Agent, for the benefit of the applicable
Lenders, promptly on demand by the Administrative Agent, 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; and (ii) if the
proper calculation of the Consolidated Senior Secured Leverage Ratio would have resulted in lower pricing for such period, neither
the Administrative Agent nor any Lender shall have any obligation to repay any interest or fees to the Borrower.

 

    3

     

    

 

“Application”:
an application, in such form as the Issuing Lender may specify from time to time, requesting the Issuing Lender to issue a Letter
of Credit.

 

“Approved
Fund”: 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.

 

“Assignment
and Assumption”: an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent
of any party whose consent is required by Section 10.6), and accepted by the Administrative Agent, in substantially the
form of Exhibit E or any other form approved by the Administrative Agent.

 

“Available
Amount”: as of any date of determination, a cumulative amount equal to the sum of (without duplication):

 

(a)               
$50,000,000; plus

 

(b)                to
the extent greater than $0.00, 50% of the sum of Excess Cash Flow for each fiscal year of Holdings, commencing with the
fiscal year ending January 31, 2022; plus

 

(c)               
the amount of any capital contribution in respect of Capital Stock (other than Disqualified Stock) or the proceeds of any
issuance of Capital Stock (other than Disqualified Stock), in each case, received in cash or Cash Equivalents by Holdings (other
than any amounts received from any other Group Member), in each case, during the period from and including the day immediately
following the Closing Date through and including such date; plus

 

(d)               
the aggregate principal amount of any Indebtedness of any Group Member issued after the Closing Date (other than Indebtedness
issued to a Group Member), which has been converted into or exchanged for Capital Stock (other than Disqualified Stock) of Holdings,
during the period from and including the day immediately following the Closing Date through and including such date; plus

 

(e)                the
cash net proceeds received by the Group Members during the period from and including the day immediately following the Closing
Date through and including such date in connection with the Disposition to any Person (other than a Group Member) of any Investment
made pursuant to Section 7.8(n) (in an amount not to exceed the original amount of such Investment); minus

 

(f)                an
amount equal to the sum of (i) Restricted Payments made pursuant to Section 7.6(h), plus (ii) Investments made pursuant
to Section 7.8(n), and (iii) payments of Subordinated Indebtedness made pursuant to Section 7.22(b).

 

“Available
Amount Certificate”: a certificate, reasonably satisfactory to the Administrative Agent, signed by a Responsible
Officer of the Borrower, evidencing calculation of the Available Amount.

 

“Available
Revolving Commitment”: at any time, an amount equal to (a) the Total Revolving Commitments in effect at such
time, minus (b) the aggregate undrawn amount of all outstanding Letters of Credit at such time, minus (c) the
aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time, minus
(d) the aggregate principal balance of any Revolving Loans outstanding at such time.

 

“Available
Revolving Increase Amount”: as of any date of determination, an amount equal to the result of (a) $250,000,000 minus
(b) the aggregate principal amount of Increases to the Revolving Commitments previously made pursuant to Section 2.27 after
the Closing Date.

 

    4

     

    

 

“Available
Tenor”: 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
2.17(e).

 

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

 

“Bail-In
Legislation”: (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).

 

“Bankruptcy
Code”: Title 11 of the United States Code entitled “Bankruptcy.”

 

“Benchmark”:
initially, 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 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 2.17(b).

 

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

 

(1)           the
sum of: (a) Term SOFR and (b) the related Benchmark Replacement Adjustment;

 

(2)           the
sum of: (a) Daily Simple SOFR and (b) the related Benchmark Replacement Adjustment;

 

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

 

provided that,
in the case of clause (1), 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 (1), (2) or (3) 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.

 

    5

     

    

 

“Benchmark
Replacement Adjustment”: 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:

 

(1)           
for purposes of clauses (1) and (2) of the definition of “Benchmark Replacement,” the first alternative set forth
in the order below that can be determined by the Administrative Agent:

 

(a)       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;

 

(b)       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

 

(2)          
for purposes of clause (3) 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 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 (1) 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”: with respect to any Benchmark Replacement, any technical, administrative or operational
changes (including changes to the definition of “ABR,” the definition of “Business Day,” the definition
of “Interest Period,” timing and frequency of determining rates and making payments of interest, timing of borrowing
requests or prepayment, conversion or continuation notices, 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).

 

    6

     

    

 

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

 

(1)           in
the case of clause (1) or (2) of the definition of “Benchmark Transition Event,” the later of (a) the date of the public
statement or publication of information referenced therein and (b) 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);

 

(2)           in
the case of clause (3) of the definition of “Benchmark Transition Event,” the date of the public statement or publication
of information referenced therein; or

 

(3)           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.

 

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 clause
(1) or (2) 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”: the occurrence of one or more of the following events with respect to the then-current Benchmark:

 

(1)           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);

 

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

 

(3)           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.

 

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).

 

    7

     

    

 

“Benchmark
Unavailability Period” means the period (if any) (x) beginning at the time that a Benchmark Replacement Date pursuant
to clauses (1) or (2) of that definition 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 2.17 and (y) 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 2.17.

 

“Beneficial
Ownership Certification”: a certification regarding beneficial ownership required by the Beneficial Ownership Regulation,
which certification shall be substantially similar in form and substance to the form of Certification Regarding Beneficial Owners
of Legal Entity Customers published jointly, in May 2018, by the Loan Syndications and Trading Association and Securities Industry
and Financial Markets Association.

 

“Beneficial
Ownership Regulation”: United States 31 C.F.R. § 1010.230.

 

“Benefit Plan”:
any of (a) an “employee benefit plan” (as defined in Section 3(3) of ERISA) that is subject to Title I of ERISA, (b)
a “plan” as defined in Section 4975 of the Code to which Section 4975 of the Code applies, and (c) any Person whose
assets include (for purposes of the Plan Asset Regulations or otherwise for purposes of Title I of ERISA or Section 4975 of the
Code) the assets of any such “employee benefit plan” or “plan”.

 

“Benefitted
Lender”: as defined in Section 10.7(a).

 

“Blocked
Person”: as defined in Section 7.23.

 

“Board”:
the Board of Governors of the Federal Reserve System of the United States (or any successor).

 

“Borrower”:
as defined in the preamble hereto.

 

“Borrowing
Date”: any Business Day specified by the Borrower in a Notice of Borrowing as a date on which the Borrower requests
the relevant Lenders to make Loans hereunder.

 

“Business”:
as defined in Section 4.17(b).

 

“Business
Day”: a day other than a Saturday, Sunday or other day on which commercial banks in the State of New York or the
State of California are authorized or required by law to close; provided that with respect to notices and determinations
in connection with, and payments of principal and interest on, Eurodollar Loans, such day is also a day for trading by and between
banks in Dollar deposits in the interbank eurodollar market.

 

“Capital
Lease Obligations”: as to any Person, the obligations of such Person to pay rent or other amounts under any
lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which
obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP
and, for the purposes of this Agreement, the amount of such obligations at any time shall be the capitalized amount thereof
at such time determined in accordance with GAAP; provided, that for all purposes hereunder, any obligations of such
Person that would have been treated as operating leases in accordance with Accounting Standards Codification 840 (regardless
of whether or not then in effect) shall be treated as operating leases for purposes of all financial definitions,
calculations and covenants, without giving effect to Accounting Standards Codification 842 requiring operating leases to be
recharacterized or treated as capital leases.

 

    8

     

    

 

“Capital
Stock”: with respect to any Person, all of the shares of capital stock of (or other ownership or profit interests
in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital
stock of (or other ownership or profit interests in) such Person, all of the securities convertible into or exchangeable for shares
of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or
acquisition from such Person of such shares (or such other interests), and all of the other ownership or profit interests in such
Person (including partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such shares,
warrants, options, rights or other interests are outstanding on any date of determination; provided, however, that any Indebtedness
convertible or exchangeable into Capital Stock that is not Disqualified Stock shall not constitute Capital Stock.

 

“Cash Collateralize”:
to pledge and deposit with or deliver to (a) with respect to Obligations in respect of Letters of Credit, the Administrative Agent,
for the benefit of the Issuing Lender and one or more of the Lenders, as applicable, as collateral for L/C Exposure or obligations
of the Lenders to fund participations in respect thereof, cash or deposit account balances or, if the Administrative Agent and
the Issuing Lender shall agree in their sole discretion, other credit support, in each case pursuant to documentation in form and
substance satisfactory to the Administrative Agent and such Issuing Lender; (b) with respect to Obligations arising under any Cash
Management Agreement in connection with Cash Management Services, the applicable Cash Management Bank, for its own or any of its
applicable Affiliate’s benefit, as provider of such Cash Management Services, cash or deposit account balances or, if the
Administrative Agent and the applicable Cash Management Bank shall agree in their sole discretion, other credit support, in each
case pursuant to documentation in form and substance satisfactory to the Administrative Agent and such Cash Management Bank; or
(c) with respect to Obligations in respect of any Specified Swap Agreements, the applicable Qualified Counterparty, as Collateral
for such Obligations, cash or deposit account balances or, if such Qualified Counterparty shall agree in its sole discretion, other
credit support, in each case pursuant to documentation in form and substance satisfactory to such Qualified Counterparty. “Cash
Collateral” shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral
and other credit support.

 

“Cash
Equivalents”: (a) marketable direct obligations issued by, or unconditionally guaranteed by, the United States
Government or issued by any agency thereof and backed by the full faith and credit of the United States, in each case
maturing within one year from the date of acquisition; (b) certificates of deposit, time deposits, eurodollar time deposits
or overnight bank deposits having maturities of one year or less from the date of acquisition issued by any Lender or by any
commercial bank organized under the laws of the United States or any state thereof having combined capital and surplus of not
less than $250,000,000; (c) commercial paper of an issuer rated at least A-1 by S&P or P-1 by Moody’s, or carrying
an equivalent rating by a nationally recognized rating agency, if both of the two named rating agencies cease publishing
ratings of commercial paper issuers generally, and maturing within six months from the date of acquisition; (d) repurchase
obligations of any Lender or of any commercial bank satisfying the requirements of clause (b) of this definition, having a
term of not more than 30 days, with respect to securities issued or fully guaranteed or insured by the United States
government; (e) securities with maturities of one year or less from the date of acquisition issued or fully guaranteed by any
state, commonwealth or territory of the United States, by any political subdivision or taxing authority of any such state,
commonwealth or territory or by any foreign government, the securities of which state, commonwealth, territory, political
subdivision, taxing authority or foreign government (as the case may be) are rated at least A by S&P or A by
Moody’s; (f) securities with maturities of one year or less from the date of acquisition backed by standby letters of
credit issued by any Lender or any commercial bank satisfying the requirements of clause (b) of this definition; (g) money
market mutual or similar funds that invest exclusively in assets satisfying the requirements of clauses (a) through (f) of
this definition; (h) money market funds that (i) comply with the criteria set forth in SEC Rule 2a-7 under the Investment
Company Act of 1940, as amended, (ii) are rated AAA by S&P and Aaa by Moody’s and (iii) have portfolio assets of at
least $5,000,000,000; (i) in the case of any Group Member organized or having its principal place of business outside the
United States, investments denominated in the currency of the jurisdiction in which such Group member is organized or has its
principal place of business which are similar and of comparable credit quality to the items specified in clauses (b) through
(i) above; or (j) investments permitted by the Borrower’s board-approved investment policy.

 

    9

     

    

 

“Cash Management
Agreement”: as defined in the definition of “Cash Management Services.”

 

“Cash Management
Bank”: any Person that, at the time it enters into a Cash Management Agreement, is a Lender or an Affiliate of a
Lender, in its capacity as a party to such Cash Management Agreement.

 

“Cash Management
Services”: cash management and other services provided to one or more of the Group Members by a Cash Management Bank
which may include 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), merchant services,
direct deposit of payroll, business credit card (including so-called "purchase cards", "procurement cards"
or "p-cards"), credit card processing services, debit cards, stored value cards, and check cashing services identified
in such Cash Management Bank’s various cash management services or other similar agreements (each, a “Cash Management
Agreement”).

 

“Casualty
Event”: any damage to or any destruction of, or any condemnation or other taking by any Governmental Authority of
any property of the Loan Parties.

 

“Certificated
Securities”: as defined in Section 4.19(a).

 

“Change
of Control”: (a) at any time, any “person” or “group” (as such terms are used in Sections 13(d)
and 14(d) of the Exchange Act) shall become, or obtain rights (whether by means of warrants, options or otherwise) to become, the
 “beneficial owner” (as defined in Rules 13(d)-3 and 13(d)-5 under the Exchange Act), directly or indirectly, of
35% or more of the ordinary voting power for the election of directors of Holdings (determined on a fully diluted basis); or (b) except
as permitted by Section 7.4, at any time, Holdings shall cease to own and control, of record and beneficially, directly
or indirectly, 100% of each class of outstanding Capital Stock of each other Loan Party free and clear of all Liens other than
Liens permitted by Section 7.3.

 

“Closing
Date”: the date on which all of the conditions precedent set forth in Section 5.1 are satisfied or waived
by the Administrative Agent and, as applicable, the Lenders or the Required Lenders.

 

“Code”:
the Internal Revenue Code of 1986, as amended from time to time.

 

“Collateral”:
all property of the Loan Parties, now owned or hereafter acquired, upon which a Lien is purported to be created by any Security
Document. For the avoidance of doubt, no Excluded Asset shall constitute “Collateral.”

 

“Collateral
Information Certificate”: the Collateral Information Certificate to be executed and delivered by Holdings
pursuant to Section 5.1, substantially in the form of Exhibit J.

 

    10

     

    

 

“Collateral-Related
Expenses”: all reasonable costs and expenses of the Administrative Agent paid or incurred in connection with any
sale, collection or other realization on the Collateral, including reasonable compensation to the Administrative Agent and its
agents and counsel, and reimbursement for all other reasonable costs, expenses and liabilities and advances made or incurred by
the Administrative Agent in connection therewith (including as described in Section 6.6 of the Guarantee and Collateral Agreement),
and all amounts for which the Administrative Agent is entitled to indemnification under the Security Documents and all advances
made by the Administrative Agent under the Security Documents for the account of any Loan Party.

 

“Commitment”:
as to any Lender, its Revolving Commitment.

 

“Commitment
Fee”: as defined in Section 2.9(b).

 

“Commitment
Fee Rate”: the rate per annum set forth under the relevant column heading under the definition of “Applicable
Margin.”

 

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

 

“Communications”:
as defined in Section 10.2(c)(ii).

 

“Compliance
Certificate”: a certificate duly executed by a Responsible Officer of Holdings substantially in the form of Exhibit B.

 

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

 

“Consolidated
Capital Expenditures”: for any period, with respect to Holdings and its consolidated Subsidiaries, the aggregate
amount of all expenditures (whether paid in cash or other consideration or accrued as a liability and including that portion of
Capital Lease Obligations which is capitalized on the consolidated balance sheet of Holdings) by such Group Members during such
period for the acquisition or leasing (pursuant to a capital lease) of fixed or capital assets or additions to equipment (including
replacements, capitalized repairs and improvements during such period) that, in conformity with GAAP, are included in “additions
to property, plant or equipment” or comparable items reflected in the consolidated statement of cash flows of Holdings; provided
that “Consolidated Capital Expenditures” shall not include expenditures (a) in respect of normal replacements
and maintenance which are properly charged to current operations, (b) made in connection with the replacement, substitution or
restoration of assets to the extent financed (i) from insurance proceeds paid on account of the loss of or damage to the assets
being replaced or restored or (ii) with awards of compensation arising from the taking by eminent domain or condemnation of the
assets being replaced, or (c) made as a tenant as leasehold improvements during such period to the extent reimbursed by the landlord
during such period.

 

“Consolidated
EBITDA”: for any period, with respect to Holdings and its consolidated Subsidiaries, Consolidated Net Income for
such period, plus (a) without duplication and to the extent deducted in determining Consolidated Net Income for such period,
the sum of:

 

(i)      
Consolidated Interest Expense for such period;

 

    11

     

    

 

(ii)     
provision for taxes based on income, profits, revenue or capital, including federal, foreign, state, provincial,
territorial, local, unitary, excise, property, franchise, value added and similar taxes and withholding taxes (including any future
taxes or other levies which replace or are intended to be in lieu of such taxes and any penalties and interest related to such
taxes or arising from tax examinations) and similar taxes of such Person paid or accrued during such period (including in respect
of repatriated funds);

 

(iii)   
all amounts attributable to depreciation and amortization expense for such period;

 

(iv)    any
extraordinary non-cash charges for such period (but excluding any lost earnings);

 

(v)     any
other non-cash charges for such period (but excluding any non-cash charge in respect of an item that was included in Consolidated
Net Income in a prior period, any lost earnings and any non-cash charge that relates to the write-down or write-off of inventory
in the ordinary course of business);

 

(vi)    the
amount of any non-cash expense as a result of any grant of Capital Stock to employees, for such period;

 

(vii)   any
fees, costs, expenses or charges related to any actual, proposed or contemplated issuance of Capital Stock, Investment, acquisition,
disposition outside of the ordinary course of business, recapitalization or the incurrence of Indebtedness permitted to be incurred
hereunder (including a refinancing thereof) (whether or not successful and including any such transaction consummated prior to
the Closing Date), including (i) such fees, expenses or charges (including rating agency fees, consulting fees and other related
expenses and/or letter of credit or similar fees) related to the offering or incurrence of, or ongoing administration, of the
Unsecured Notes, this Agreement, any other credit facilities and any Ratio Debt, and (ii) any amendment, waiver or other modification
of the Unsecured Notes, this Agreement, any Ratio Debt, any other Indebtedness or any issuance of Capital Stock, in each case,
whether or not consummated, to the extent deducted (and not added back) in computing Consolidated Net Income;

 

(viii)  any losses realized upon a Disposition of property (including abandoned or discontinued operations or product lines and extraordinary
losses) outside of the ordinary course of business for such period;

 

(ix)     the
amount of pro forma “run rate” cost savings (including cost savings with respect to salary, benefit and other
direct savings resulting from workforce reductions and facility, benefit and insurance savings and any savings expected to
result from the elimination of a public target’s Public Company Costs) and operating expense reductions attributable to
operating improvements, strategic initiatives, synergies or other actions taken or expected to be taken (it is understood and
agreed that “run rate” means the full recurring benefit for a period that is associated with any action
taken, committed to be taken or expected to be taken, net of the amount of actual benefits realized during such period from
such actions) that are projected by the Borrower in good faith to be realized within 24 months of the last day of such period
(including from any actions taken in whole or in part prior to such date), which will be added to Consolidated EBITDA as so
projected until fully realized and calculated on a pro forma basis as though such cost savings (including cost savings with
respect to salary, benefit and other direct savings resulting from workforce reductions and facility, benefit and insurance
savings and any savings expected to result from the elimination of a public target’s Public Company Costs) and
operating expense reductions had been realized on the first day of such period, in each case, net of the amount of actual
benefits realized prior to or during such period from such actions; provided that such cost savings are reasonably
identifiable and factually supportable (in the good faith determination of the Borrower); and provided further that
(A) the aggregate amount added back pursuant to this clause (ix) and clause (x) below shall not exceed for any period of four
consecutive fiscal quarters, an amount equal to 20% of Consolidated EBITDA for such period (calculated prior to giving effect
to any such adjustments) and (B) no such amounts added back pursuant to this clause (ix) shall be duplicative of any expense
or charges otherwise added back to Consolidated EBITDA, whether through a pro forma adjustment or otherwise, for such
period;

 

    12

     

    

 

(x)      the
amount of any restructuring charge, accrual, reserve (and adjustments to existing reserves) or expense, integration cost, inventory
optimization programs or other business optimization expense or cost (including charges directly related to the implementation
of cost-savings initiatives and tax restructurings) that is deducted (and not added back) in such period in computing Consolidated
Net Income, including any such costs incurred in connection with acquisitions or divestitures after the Closing Date, any severance,
retention, signing bonuses, relocation, recruiting and other employee related costs, costs in respect of strategic initiatives
and curtailments or modifications to pension and post-retirement employment benefit plans (including any settlement of pension
liabilities), costs related to entry into new markets (including unused warehouse space costs) and new product introductions (including
labor costs, scrap costs and lower absorption of costs, including due to decreased productivity and greater inefficiencies), systems
development and establishment costs, operational and reporting systems, technology initiatives, contract termination costs, future
lease commitments and costs related to the opening and closure and/or consolidation of facilities (including severance, rent termination,
moving and legal costs) and to exiting lines of business and consulting fees incurred with any of the foregoing, and fees, costs
and expenses associated with acquisition related litigation and settlements thereof; provided that the aggregate amount
added back pursuant to this clause (x) and clause (ix) above shall not exceed for any period of four consecutive fiscal quarters,
an amount equal to 20% of Consolidated EBITDA for such period (calculated prior to giving effect to any such adjustments);

 

(xi)     proceeds
from business interruption insurance received during such period (to the extent not reflected as revenue or income in Consolidated
Net Income and to the extent that the related loss was deducted in the determination of Consolidated Net Income);

 

(xii)   
unusual or non-recurring expenses for such period; and

 

(xiii)   any Public Company Costs paid in cash for such period;

 

minus
(b) without duplication and to the extent included in Consolidated Net Income,

 

(i)      any cash payments made during such period in respect of non-cash charges described in clause (a)(v) above taken in
a prior period;

 

(ii)     any
extraordinary gains and any non-cash items of Consolidated Net Income for such period;

 

(iii)   
interest income; and

 

(iv)    unusual or non-recurring gains for such period;

 

minus (c), the
aggregate of all expenditures (whether paid in cash or accrued as liabilities) by Holdings and its consolidated Subsidiaries
during such period in respect of purchased software or internally developed software and software enhancements that,
in conformity with GAAP, are or are required to be reflected as capitalized costs on the consolidated balance sheet of
Holdings and its consolidated Subsidiaries;

 

    13

     

    

 

plus
(d), any net positive change (or minus any net negative change) in the deferred revenue for any period, as measured against
the same period for the prior fiscal year; and

 

minus
(e), capitalized deferred contract acquisition costs for any period.

 

“Consolidated
Intangible Assets”: on any date, the consolidated intangible assets of Holdings and its consolidated Subsidiaries,
as such amounts would appear on a consolidated balance sheet of Holdings prepared in accordance with GAAP. As used herein, “intangible
assets” means the value (net of any applicable reserves) as shown on such balance sheet of (i) all Intellectual Property
and (ii) all other intangible assets.

 

“Consolidated
Interest Coverage Ratio”: as of the last day of any trailing four fiscal quarter period of Holdings, the ratio of
(a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period.

 

“Consolidated
Interest Expense”: for any period, total interest expense (including that attributable to Capital Lease Obligations)
of Holdings and its consolidated Subsidiaries for such period with respect to all outstanding Indebtedness of such Persons (including
all commissions, discounts and other fees and charges owed with respect to letters of credit and bankers’ acceptance financing
and net costs under Swap Agreements in respect of interest rates to the extent such net costs are allocable to such period in accordance
with GAAP).

 

“Consolidated
Net Income”: for any period, the consolidated net income (or loss) of Holdings and its consolidated Subsidiaries,
determined on a consolidated basis in accordance with GAAP; provided that there shall be excluded from the calculation of
 “Consolidated Net Income” (a) the income (or deficit) of any such Person accrued prior to the date it becomes
a Subsidiary of Holdings or is merged into or consolidated with Holdings or one of its Subsidiaries (except to the extent required
for any calculation of Consolidated EBITDA on a Pro Forma Basis), (b) the income (or deficit) of any such Person (other than
a Subsidiary of Holdings in which Holdings or one of its Subsidiaries has an ownership interest), except to the extent that any
such income is actually received by Holdings or such Subsidiary in the form of dividends or similar distributions, and (c) the
undistributed earnings (or loss to the extent that Holdings or any wholly-owned Subsidiary thereof is not required to directly
or indirectly fund such loss) of any Subsidiary of Holdings to the extent that the declaration or payment of dividends or similar
distributions (or loans constituting Subordinated Indebtedness in lieu of a distribution) by such Subsidiary is not at the time
permitted by the terms of any Contractual Obligation (other than under any Loan Document), any applicable Operating Document or
Requirement of Law applicable to such Subsidiary.

 

“Consolidated
Senior Secured Leverage Ratio”: as of the last day of any trailing four fiscal quarter period of Holdings, the ratio
of (a) Secured Consolidated Debt other than Subordinated Indebtedness, minus Unrestricted Cash (as defined below) not to exceed
$100,000,000 to (b) Consolidated EBITDA for such trailing four fiscal quarter period.

 

“Consolidated
Tangible Assets”: on any date, the excess of Consolidated Total Assets over the sum of (a) the Group Member’s
cash and Cash Equivalents and (b) Consolidated Intangible Assets.

 

“Consolidated
Total Assets”: on any date, the consolidated total assets of Holdings and its consolidated Subsidiaries, as such
amounts would appear on a consolidated balance sheet of Holdings prepared as of such date in accordance with GAAP.

 

    14

     

    

 

“Consolidated
Total Debt”: Indebtedness for borrowed money, Capital Lease Obligations and purchase money debt as reflected on the
consolidated balance sheet of Holdings and its Subsidiaries

 

“Consolidated
Total Leverage Ratio”: as of the last day of any trailing four fiscal quarter period of Holdings, the ratio of (a)
Consolidated Total Debt minus Unrestricted Cash (as defined below) not to exceed $100,000,000 to (b) Consolidated EBITDA for such
trailing four fiscal quarter period.

 

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

 

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

 

“Control
Agreement”: any account control agreement in form and substance reasonably satisfactory to the Administrative Agent
entered into among the depository institution at which a Loan Party maintains a Deposit Account or the securities intermediary
at which a Loan Party maintains a Securities Account, such Loan Party, and the Administrative Agent pursuant to which the Administrative
Agent obtains control (within the meaning of the UCC or any other applicable law) over such Deposit Account or Securities Account.

 

“Corresponding
Tenor”: with respect to any Available Tenor means, 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.

 

“Daily
Simple SOFR”: 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.

 

“CrowdStrike”:
as defined in the preamble hereto.

 

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

 

“Default”:
any of the events specified in Section 8.1, whether or not any requirement for the giving of notice, the lapse of time,
or both, has been satisfied.

 

“Default
Rate”: as defined in Section 2.15(c).

 

    15

     

    

 

“Defaulting
Lender”: subject to Section 2.24(b), any Lender that (a) has failed to (i) fund all or any portion of
its Loans within two (2) Business Days of the date such Loans were required to be funded hereunder unless such Lender
notifies the Administrative Agent and the Borrower in writing that such failure is the result of such Lender’s
reasonable determination that one or more conditions precedent to funding (each of which conditions precedent, together with
any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the
Administrative Agent, the Issuing Lender, the Swingline 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 Swingline Loans) within two (2) Business Days of
the date when due, (b) has notified the Borrower, the Administrative Agent, the Issuing Lender or the Swingline Lender in
writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that
effect (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states
that such position is based on such Lender’s reasonable determination that a condition precedent to funding (which
condition precedent, together with any applicable default, shall be specifically identified in such writing or public
statement) cannot be satisfied), (c) has failed, within three (3) Business Days after written request by the Administrative
Agent or the Borrower, to confirm in writing to the Administrative Agent and the Borrower that it will comply with its
prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to
this clause (c) upon receipt of such written confirmation by the Administrative Agent and the Borrower), or (d) has, or has a
direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) become
the subject of a Bail-In Action or (iii) had appointed for it a receiver, custodian, conservator, trustee, administrator,
assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets,
including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a
capacity; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of
any Capital Stock in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such
ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United
States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental
Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by
the Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above shall be
conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section
2.24(b)) upon delivery of written notice of such determination to the Borrower, the Issuing Lender, the Swingline Lender
and each Lender.

 

“Departing
Lender”: each lender under the Existing Credit Agreement on the Closing Date that will no longer be a Lender immediately
after the Closing Date.

 

“Departing
Lender Termination Letter”: each letter agreement between the Borrower, the Administrative Agent and each Departing
Lender confirming that the applicable Departing Lender shall no longer be party to this Agreement immediately after the Closing
Date.

 

“Deposit
Account”: any “deposit account” as defined in the UCC with such additions to such term as may hereafter
be made.

 

“Deposit
Account Control Agreement”: any Control Agreement entered into by the Administrative Agent, a Loan Party and a financial
institution holding a Deposit Account of such Loan Party pursuant to which the Administrative Agent is granted “control”
(for purposes of the UCC) over such Deposit Account.

 

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

 

“Determination
Date”: as defined in the definition of “Pro Forma Basis”.

 

    16

     

    

 

“Discharge
of Obligations”: subject to Section 10.8, the satisfaction of the Obligations (including all such
Obligations relating to Cash Management Services) by the payment in full, in cash (or, as applicable, Cash Collateralization
in accordance with the terms hereof) of the principal of and interest on or other liabilities relating to each Loan and any
previously provided Cash Management Services, all fees and all other expenses or amounts payable under any Loan Document
(other than inchoate indemnification obligations and any other obligations which pursuant to the terms of any Loan Document
specifically survive repayment of the Loans for which no claim has been made), and other Obligations under or in respect of
Specified Swap Agreements and Cash Management Services, to the extent (a) no default or termination event shall have occurred
and be continuing thereunder, (b) any such Obligations in respect of Specified Swap Agreements have, if required by any
applicable Qualified Counterparties, been Cash Collateralized, (c) no Letter of Credit shall be outstanding (or, as
applicable, each outstanding and undrawn Letter of Credit has been Cash Collateralized in accordance with the terms hereof),
(d) no Obligations in respect of any Cash Management Services are outstanding (or, as applicable, all such outstanding
Obligations in respect of Cash Management Services have been Cash Collateralized in accordance with the terms hereof), and
(e) the aggregate Commitments of the Lenders are terminated.

 

“Disclosure
Letter”: the disclosure letter, dated as of the date hereof, delivered by each Loan Party to Administrative Agent
for the benefit of the Lenders.

 

“Disposition”:
with respect to any property (including, without limitation, Capital Stock of any Subsidiary of Holdings), any sale, lease, Sale
Leaseback Transaction, assignment, conveyance, transfer, encumbrance or other disposition thereof (in one transaction or in a series
of transactions and whether effected pursuant to a Division or otherwise) and any issuance of Capital Stock of any of Holdings’
Subsidiaries. The terms “Dispose” and “Disposed of” shall have correlative
meanings.

 

“Disqualified
Stock”: any Capital Stock that, by its terms (or by the terms of any security into which it is convertible, or for
which it is exchangeable, in each case at the option of the holder thereof), or upon the happening of any event, matures or is
mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or redeemable at the option of the holder thereof,
in whole or in part, on or prior to the date that is ninety-one (91) days after the date on which the Loans mature. The amount
of Disqualified Stock deemed to be outstanding at any time for purposes of this Agreement will be the maximum amount that Holdings
and its Subsidiaries may become obligated to pay upon maturity of, or pursuant to any mandatory redemption provisions of, such
Disqualified Stock or portion thereof, plus accrued dividends. Notwithstanding the preceding sentence, (i) any Capital Stock that
would constitute Disqualified Stock solely because the holders of the Capital Stock have the right to be paid upon liquidation,
dissolution, winding up or pursuant to such other applicable statutory or regulatory obligations of the issuer of such Capital
Stock will not constitute Disqualified Stock if the terms of such Capital Stock provide that such payments may not be made with
respect to such Capital Stock unless such payments are made in accordance with Section 7.6 hereof and (ii) if such Capital
Stock is issued pursuant to a plan or agreement for the benefit of the Borrower’s or its Subsidiaries’ employees or
by any such plan to such employees, such Capital Stock shall not constitute Disqualified Stock solely because it may be required
to be repurchased by the Borrower or its Subsidiaries in order to satisfy applicable statutory or regulatory obligations or as
a result of such employee’s termination, death, or disability.

 

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

 

“Dollars”
and “$”: dollars in lawful currency of the United States.

 

“Domestic
Subsidiary”: any Subsidiary of Holdings organized under the laws of any jurisdiction within the United
States.

 

    17

     

    

 

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

 

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

 

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

 

“EEA Financial
Institution”: (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”: any of the member states of the European Union, Iceland, Liechtenstein, and Norway.

 

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

 

“Eligible
Assignee”: any Person that meets the requirements to be an assignee under Section 10.6(b)(iii), (v)
and (vi) (subject to such consents, if any, as may be required under Section 10.6(b)(iii)).

 

“Environmental
Laws”: any and all foreign, federal, state, local or municipal laws, rules, orders, regulations, statutes, ordinances,
codes, decrees, requirements of any Governmental Authority or other Requirements of Law (including common law) regulating, relating
to or imposing liability or standards of conduct concerning protection of human health as it pertains to hazardous or toxic substances
or the environment, as now or may at any time hereafter be in effect.

 

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

 

“ERISA”:
the Employee Retirement Income Security Act of 1974, as amended, including (unless the context otherwise requires) any rules or
regulations promulgated thereunder.

 

    18

     

    

 

“ERISA
Affiliate”: each business or entity which is, or within the last six years was, a member of a “controlled
group of corporations,” under “common control” or an “affiliated service group” with any Loan
Party within the meaning of Section 414(b), (c), (m) or (n) of the Code, required to be aggregated with any Loan Party under
Section 414(o) of the Code, or is, or within the last six years was, under “common control” with any Loan Party,
within the meaning of Section 4001(a)(14) of ERISA.

 

“ERISA
Event”: any of (a) a reportable event as defined in Section 4043 of ERISA with respect to a Pension Plan,
excluding, however, such events as to which the PBGC by regulation has waived the requirement of Section 4043(a) of ERISA
that it be notified within 30 days of the occurrence of such event; (b) the applicability of the requirements of Section 4043(b)
of ERISA with respect to a contributing sponsor, as defined in Section 4001(a)(13) of ERISA, to any Pension Plan where an
event described in paragraph (9), (10), (11), (12) or (13) of Section 4043(c) of ERISA is reasonably expected to occur with
respect to such plan within the following 30 days; (c) a withdrawal by any Loan Party or any ERISA Affiliate thereof from
a Pension Plan or the termination of any Pension Plan resulting in liability under Sections 4063 or 4064 of ERISA; (d) the
withdrawal of any Loan Party or any ERISA Affiliate thereof in a complete or partial withdrawal (within the meaning of Section 4203
and 4205 of ERISA) from any Multiemployer Plan if there is any potential liability therefor, or the receipt by any Loan Party or
any ERISA Affiliate thereof of notice from any Multiemployer Plan that it is in reorganization or insolvency pursuant to Section 4241
or 4245 of ERISA; (e) the filing of a notice of intent to terminate, the treatment of a plan amendment as a termination under
Section 4041 or 4041A of ERISA, or the commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer
Plan; (f) the imposition of liability on any Loan Party or any ERISA Affiliate thereof pursuant to Sections 4062(e) or 4069 of
ERISA or by reason of the application of Section 4212(c) of ERISA; (g) the failure by any Loan Party or any ERISA Affiliate
thereof to make any required contribution to a Pension Plan, or the failure to meet the minimum funding standard of Section 412
of the Code with respect to any Pension Plan (whether or not waived in accordance with Section 412(c) of the Code) or the failure
to make by its due date a required installment under Section 430 of the Code with respect to any Pension Plan or the failure
to make any required contribution to a Multiemployer Plan; (h) the determination that any Pension Plan is considered an at-risk
plan or a plan in endangered to critical status within the meaning of Sections 430, 431 and 432 of the Code or Sections 303, 304
and 305 of ERISA; (i) 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 Pension Plan or Multiemployer Plan; (j) the
imposition of any liability under Title I or Title IV of ERISA, other than PBGC premiums due but not delinquent under Section 4007
of ERISA, upon any Loan Party or any ERISA Affiliate thereof; (k) an application for a funding waiver under Section 303 of
ERISA or an extension of any amortization period pursuant to Section 412 of the Code with respect to any Pension Plan; (l) the
occurrence of a non-exempt prohibited transaction under Sections 406 or 407 of ERISA for which any Loan Party or any Subsidiary
thereof may be directly or indirectly liable; (m) a violation of the applicable requirements of Section 404 or 405 of ERISA or
the exclusive benefit rule under Section 401(a) of the Code by any fiduciary or disqualified person for which any Loan Party or
any ERISA Affiliate thereof may be directly or indirectly liable; (n) the occurrence of an act or omission which could give rise
to the imposition on any Loan Party or any ERISA Affiliate thereof of fines, penalties, taxes or related charges under Chapter
43 of the Code or under Sections 409, 502(c), (i) or (1) or 4071 of ERISA; (o) the assertion of a material claim (other than
routine claims for benefits) against any Plan or the assets thereof, or against any Loan Party or any Subsidiary thereof in connection
with any such Plan; (p) receipt from the IRS of notice of the failure of any Qualified Plan to qualify under Section 401(a)
of the Code, or the failure of any trust forming part of any Qualified Plan to qualify for exemption from taxation under Section
501(a) of the Code; (q) the imposition of any lien (or the fulfillment of the conditions for the imposition of any lien) on
any of the rights, properties or assets of any Loan Party or any ERISA Affiliate thereof, in either case pursuant to Title I
or IV of ERISA, including Section 302(f) or 303(k) of ERISA or to Section 401(a)(29) or 430(k) of the Code; or (r) the
establishment or amendment by any Loan Party or any Subsidiary thereof of any “welfare plan” as such term is defined
in Section 3(1) of ERISA, that provides post-employment welfare benefits in a manner that could be reasonably likely to result
in material liability of any Loan Party.

 

    19

     

    

 

 

 

“ERISA
Funding Rules”: the rules regarding minimum required contributions (including any installment payment thereof) to
Pension Plans, as set forth in Section 412 of the Code and Section 302 of ERISA, with respect to Plan years ending prior
to the effective date of the Pension Protection Act of 2006, and thereafter, as set forth in Sections 412, 430, 431, 432 and
436 of the Code and Sections 302, 303, 304 and 305 of ERISA.

 

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

 

“Eurocurrency
Reserve Requirements”: for any day as applied to a Eurodollar Loan, the aggregate (without duplication) of the maximum
rates (expressed as a decimal fraction) of reserve requirements in effect on such day (including basic, supplemental, marginal
and emergency reserves) under any regulations of the Board or other Governmental Authority having jurisdiction with respect thereto
dealing with reserve requirements prescribed for eurocurrency funding (currently referred to as “Eurocurrency Liabilities”
in Regulation D of the Board) maintained by a member bank of the Federal Reserve System.

 

“Eurodollar
Base Rate”: with respect to each day during each Interest Period pertaining to (a) a Eurodollar Loan, the rate
per annum determined by the Administrative Agent by reference to the ICE Benchmark Administration London Interbank Offered Rate
(“LIBOR”) (or any successor thereto if the ICE Benchmark Administration is no longer making LIBOR available)
for deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period in Dollars,
determined as of approximately 11:00 A.M. (London, England time) two (2) Business Days prior to the beginning of such Interest
Period (as set forth by Bloomberg Information Service or any successor thereto or any other commercially available service selected
by the Administrative Agent which provides quotations of LIBOR); and (b) an ABR Loan, the rate per annum determined by the
Administrative Agent to be LIBOR (for delivery on the first day of such Interest Period) with a term of one (1) month in Dollars,
determined as of approximately 11:00 A.M. (London, England time) two (2) Business Days prior to the beginning of such Interest
Period (as set forth by Bloomberg Information Service or any successor thereto or any other commercially available service selected
by the Administrative Agent which provides quotations of LIBOR); provided that in either case (a) or (b), the Eurodollar Base
Rate shall not be less than 0%. In the event that the Administrative Agent determines that LIBOR is not available, the “Eurodollar
Base Rate” shall be determined by reference to the rate per annum equal to the offered quotation rate to first class banks
in the London interbank market by SVB for deposits (for delivery on the first day of the relevant Interest Period) in Dollars of
amounts in same day funds comparable to the principal amount of the applicable Loan of the Administrative Agent, in its capacity
as a Lender, for which the Eurodollar Base Rate is then being determined with maturities comparable to such period, in the case
of a Eurodollar Loan, and of one (1) month, in the case of an ABR Loan, as of approximately 11:00 A.M. (London, England
time) two (2) Business Days prior to the beginning of such Interest Period; provided that, in all events, such Eurodollar
Base Rate shall not be less than 0%.

 

“Eurodollar
Loans”: Loans the rate of interest applicable to which is based upon clause (a) of the definition of “Eurodollar
Base Rate.”

 

“Eurodollar
Rate”: with respect to each day during each Interest Period pertaining to a Eurodollar Loan, a rate per annum determined
for such day in accordance with the following formula:

 

	Eurodollar Base Rate

	1.00 - Eurocurrency Reserve Requirements

 

The Eurodollar Rate
shall be adjusted automatically as of the effective date of any change in the Eurocurrency Reserve Requirements; provided that
the Eurodollar Rate shall not be less than 0.0%.

 

    20 

     

    

 

“Eurodollar
Tranche”: the collective reference to Eurodollar Loans under a particular Facility (other than the L/C Facility),
the then current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or
not such Loans shall originally have been made on the same day).

 

“Event
of Default”: any of the events specified in Section 8.1; provided that any requirement for the
giving of notice, the lapse of time, or both, has been satisfied.

 

“Excess
Cash Flow”: for any fiscal year (or other period) of Holdings, the excess, if any, of:

 

(a)       the
sum of (without duplication):

 

(i)       Consolidated
EBITDA for such fiscal year, plus

 

(ii)      without
duplication of any other amounts included in the calculation of Consolidated EBITDA, any decrease in Working Capital (excluding
the portion of such change in Working Capital resulting from changes in deferred revenue for the same period in the prior fiscal
year), minus

 

(b)       the
sum of (without duplication):

 

(i)     
any taxes paid in cash on a consolidated basis during such period by the Group Members, plus

 

(ii)     the
aggregate amount actually paid by the Group Members in cash during such fiscal year (or other period) on account of (x) Consolidated
Capital Expenditures (other than to the extent funded with Indebtedness or proceeds from the issuance or sale of Capital Stock
to any Person (other than a Group Member) in any Group Member) and (y) Investments permitted hereunder (excluding intercompany
Investments and excluding Investments deducted from the Available Amount pursuant to clause (f) of the definition thereof), plus

 

(iii)    the
aggregate amount of all regularly principal payments of all Indebtedness of Group Members made in cash during such period (other
than in respect of any revolving credit facility to the extent there is not an equivalent permanent reduction in commitments thereunder
and other than payments deducted from the Available Amount pursuant to clause (f) of the definition thereof), plus

 

(iv)    without duplication of any other amounts included in the calculation of Consolidated EBITDA, increases in Working Capital
(excluding the portion of such change in Working Capital resulting from changes in deferred revenue for the same period in the
prior fiscal year), plus

 

(v)     Consolidated
Interest Expense actually paid in cash, plus

 

(vi)    cash payments constituting the purchase price, net working capital or purchase price adjustments, earn-outs, deferred purchase
price payments and similar obligations paid by the Group Members in respect of any permitted Investments (other than to the extent
funded with Indebtedness or proceeds from the issuance or sale of Capital Stock to any Person (other than a Group Member) in any
Group Member), plus

 

(vii)   other
items paid in cash during such period, in each case, to the extent included as an “add-back” in the calculation of
Consolidated EBITDA, plus

 

    21 

     

    

 

(viii)             Restricted Payments paid in cash (excluding Restricted Payments to another Group Member and excluding Restricted Payments
deducted from the Available Amount pursuant to clause (f) of the definition thereof).

 

“Exchange
Act”: the Securities Exchange Act of 1934, as amended from time to time and any successor statute.

 

“Excluded
Assets”: as defined in the Guarantee and Collateral Agreement.

 

“Excluded
Subsidiary”: any Subsidiary that is (a) not a Domestic Subsidiary of Holdings or another Loan Party, (b) a Foreign
Subsidiary Holding Company, or (c) an Immaterial Subsidiary.

 

“Excluded
Swap Obligations”: with respect to any Guarantor, any Swap Obligation if, and to the extent that, all or a portion
of the Guarantee Obligation of such Guarantor with respect to, or the grant by such Guarantor 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 Guarantor’s failure
for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act at the time
such Guarantee Obligation of such Guarantor, or the grant by such Guarantor of such Lien, becomes effective with respect to such
Swap Obligation. If such 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 Obligation or Lien is or becomes
excluded in accordance with the first sentence of this definition.

 

“Excluded
Taxes”: any of the following Taxes imposed on or with respect to a Recipient or required to be withheld or deducted
from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and
branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws of, or having
its principal office or, in the case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax
(or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal
withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan
or Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the Loan or Commitment
(other than pursuant to an assignment request by the Borrower under Section 2.23) or (ii) such Lender changes its lending
office, except in each case to the extent that, pursuant to Section 2.20, 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 2.20(f) and (d) any
withholding Taxes imposed under FATCA.

 

“Existing
Credit Agreement”: as defined in the recitals hereto.

 

“Existing
Letters of Credit”: the letters of credit described on Schedule 1.1B to the Disclosure Letter.

 

“Existing
Revolving Loans”: the outstanding “Revolving Loans” under, and as defined in, the Existing Credit Agreement.

 

“Facility”:
each of (a) the L/C Facility (which is a sub-facility of the Revolving Facility), (b) the Revolving Facility and (c) the Swingline
Facility (which is a sub-facility of the Revolving Facility).

 

“FATCA”:
Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is
substantively comparable and not materially more onerous to comply with), any current or future regulations or official
interpretations thereof, any 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.

 

    22 

     

    

 

“Federal
Funds Effective Rate”: for any day, the greater of (a) 0.00% and (b) the weighted average of the rates on overnight
federal funds transactions with members of the Federal Reserve System, as published on the next succeeding Business Day by the
Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations
for the day of such transactions received by SVB from three federal funds brokers of recognized standing selected by it.

 

“Fee Letter”:
the letter agreement dated December 8, 2020, among the Borrower, Holdings, SVB and JPMorgan Chase Bank, N.A.

 

“Flood
Laws”: the National Flood Insurance Reform Act of 1994 and related legislation (including the regulations of the
Board of Governors of the Federal Reserve System).

 

“Floor”:
0.00%.

 

“Foreign
Lender”: (a) if the Borrower is a U.S. Person, a Lender that is not a U.S. Person, and (b) if the Borrower is not
a U.S. Person, a Lender that is resident or organized under the laws of a jurisdiction other than that in which the Borrower is
resident for tax purposes.

 

“Foreign
Subsidiary”: any Subsidiary of Holdings that is not a Domestic Subsidiary.

 

“Foreign
Subsidiary Holding Company”: any direct or indirect Domestic Subsidiary of Holdings, substantially all of the assets
of which consist of the Capital Stock (or Capital Stock and other securities) of one or more controlled foreign corporations (within
the meaning of Section 957 of the Code) or other Foreign Subsidiary Holding Companies.

 

“Fronting
Exposure”: at any time there is a Defaulting Lender, as applicable, (a) with respect to the Issuing Lender, such
Defaulting Lender’s L/C Percentage of the outstanding L/C Exposure other than L/C Exposure 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 the Swingline Lender, such Defaulting Lender’s Revolving Percentage of outstanding Swingline Loans made
by the Swingline Lender other than Swingline Loans as to which such Defaulting Lender’s participation obligation has been
reallocated to other Lenders.

 

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

 

“Funding
Office”: the Revolving Loan Funding Office.

 

“GAAP”:
generally accepted accounting principles in the United States as in effect from time to time, except that for purposes of Section
7.1, GAAP shall be determined on the basis of such principles in effect on the date hereof and consistent with those used
in the preparation of the most recent audited financial statements referred to in Section 4.1(b). In the event that
any “Accounting Change” (as defined below) shall occur and such change results in a change in the
method of calculation of financial covenants, standards or terms in this Agreement, then the Borrower and the Administrative
Agent agree to enter into negotiations to amend such provisions of this Agreement so as to reflect equitably such Accounting
Changes with the desired result that the criteria for evaluating the Borrower’s financial condition shall be the same
after such Accounting Changes as if such Accounting Changes had not been made. Until such time as such an amendment shall
have been executed and delivered by the Borrower, the Administrative Agent and the Required Lenders, all financial covenants,
standards and terms in this Agreement shall continue to be calculated or construed as if such Accounting Changes had not
occurred. “Accounting Changes” refers to changes in accounting principles required by the
promulgation of any rule, regulation, pronouncement or opinion by the Financial Accounting Standards Board of the American
Institute of Certified Public Accountants or, if applicable, the SEC, or the adoption of IFRS.

 

    23 

     

    

 

“Governmental
Approval”: any consent, authorization, approval, order, license, franchise, permit, certificate, accreditation, registration,
filing or notice, of, issued by, from or to, or other act by or in respect of, any Governmental Authority.

 

“Governmental
Authority”: the government of the United States of America or any other nation, or of any political subdivision thereof,
whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising
executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including
any supra-national bodies such as the European Union or the European Central Bank), and any group or body charged with setting
accounting or regulatory capital rules or standards (including the Financial Standards Board, the Bank for International Settlements,
the Basel Committee on Banking Supervision and any successor or similar authority to any of the foregoing).

 

“Group
Members”: the collective reference to Holdings and its Subsidiaries.

 

“Guarantee
and Collateral Agreement”: the Amended and Restated Guarantee and Collateral Agreement dated as of the Closing Date
by and among the Loan Parties and the Administrative Agent.

 

“Guarantee
Obligation”: as to any Person (the “guaranteeing person”), any obligation, including a
reimbursement, counterindemnity or similar obligation, of the guaranteeing person that guarantees or in effect guarantees, or which
is given to induce the creation of a separate obligation by another Person (including any bank under any letter of credit) that
guarantees or in effect guarantees, any Indebtedness, leases, dividends or other obligations (the “primary obligations”)
of any other third Person (the “primary obligor”) in any manner, whether directly or indirectly, including
any obligation of the guaranteeing person, whether or not contingent, (i) to purchase any such primary obligation or any property
constituting direct or indirect security therefor, (ii) to advance or supply funds (1) for the purchase or payment of any such
primary obligation or (2) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net
worth or solvency of the primary obligor, (iii) to purchase property, securities or services primarily for the purpose of assuring
the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation or (iv)
otherwise to assure or hold harmless the owner of any such primary obligation against loss in respect thereof; provided
that the term Guarantee Obligation shall not include endorsements of instruments for deposit or collection in the ordinary course
of business. The amount of any Guarantee Obligation of any guaranteeing person shall be deemed to be the lower of (a) an amount
equal to the stated or determinable amount of the primary obligation in respect of which such Guarantee Obligation is made and
(b) the maximum amount for which such guaranteeing person may be liable pursuant to the terms of the instrument embodying such
Guarantee Obligation, unless such primary obligation and the maximum amount for which such guaranteeing person may be liable are
not stated or determinable, in which case the amount of such Guarantee Obligation shall be such guaranteeing person’s maximum
reasonably anticipated liability in respect thereof as determined by the Borrower in good faith.

 

“Guarantors”:
a collective reference to Holdings and each Subsidiary of Holdings which has become a Guarantor pursuant to the requirements
of Section 6.12 hereof and the Guarantee and Collateral Agreement. Notwithstanding the foregoing or any contrary
provision herein or in any other Loan Document, no Excluded Subsidiary shall be required to be a Guarantor, and no Subsidiary
shall be required to become a Guarantor if, in the reasonable judgment of the Administrative Agent and the Borrower, the
burden or cost of providing a guarantee shall be excessive in view of the benefits to be obtained by the Secured Parties
therefrom.

 

    24 

     

    

 

“Holdings”:
has the meaning in the preamble hereto.

 

“IFRS”:
international accounting standards within the meaning of IAS Regulation 1606/2002 to the extent applicable to the relevant financial
statements delivered under or referred to herein.

 

“Immaterial
Subsidiary”: as of the last day of each fiscal quarter and at any other date of determination, any Subsidiary of
any Loan Party (other than a Borrower or a Guarantor) designated as such by the Borrower in writing and which as of such date (a) holds
assets representing 10% or less of Holdings’ consolidated total assets as of such date (determined in accordance with GAAP),
(b)  has generated less than 10% of Holdings’ consolidated total revenues determined in accordance with GAAP for the
four fiscal quarter period ending on the last day of the most recent period for which financial statements have been delivered
after the Closing Date pursuant to Section 6.1(b); provided that all Subsidiaries that are individually “Immaterial
Subsidiaries” shall not have aggregate consolidated total assets that would represent 20% or more of Holdings’
consolidated total assets as of such date or have generated 20% or more of Holdings’ consolidated total revenues for such
four fiscal quarter period, in each case determined in accordance with GAAP, and (c) owns no material Intellectual Property.

 

“Increase”:
as defined in Section 2.27.

 

“Increase
Joinder”: an instrument, in form and substance reasonably satisfactory to the Administrative Agent, by which a Lender
becomes a party to this Agreement pursuant to Section 2.27.

 

“Incurred”:
as defined in the definition of “Pro Forma Basis”.

 

“Indebtedness”:
of any Person at any date, without duplication, (a) all indebtedness of such Person for borrowed money, (b) all obligations
of such Person for the deferred purchase price of property or services (other than (i) current trade payables incurred in the
ordinary course of such Person’s business, (ii) any earn-out obligation if such obligation is not paid after becoming
due and payable or such obligation is reflected on the balance sheet in accordance with GAAP and (iii) accruals for payroll
and other liabilities, including deferred compensation arrangements, in each case, accrued in the ordinary course of
business), (c) all obligations of such Person evidenced by notes, bonds, debentures or other similar instruments,
(d) all indebtedness created or arising under any conditional sale or other title retention agreement with respect to
property acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the
event of default are limited to repossession or sale of such property), (e) all Capital Lease Obligations and all Synthetic
Lease Obligations of such Person, (f) all obligations of such Person, contingent or otherwise, as an account party or
applicant under or in respect of acceptances, letters of credit, surety bonds or similar arrangements, (g) all obligations of
such Person with respect to Disqualified Stock, (h) all Guarantee Obligations of such Person in respect of obligations of the
kind referred to in clauses (a) through (g) above, (i) all obligations of the kind referred to in clauses (a) through (h)
above secured by (or for which the holder of such obligation has an existing right, contingent or otherwise, to be secured
by) any Lien on property (including accounts and contract rights) owned by such Person, whether or not such Person has
assumed or become liable for the payment of such obligation, and (j) the net obligations of such Person in respect of Swap
Agreements. The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership in
which such Person is a general partner) to the extent such Person is liable therefor as a result of such Person’s
ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness expressly
provide that such Person is not liable therefor.

 

    25 

     

    

 

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

 

“Indemnitee”:
as defined in Section 10.5(b).

 

“Insolvency
Proceeding”: (a) any case, action or proceeding before any court or other Governmental Authority relating to
bankruptcy, reorganization, insolvency, liquidation, receivership, dissolution, winding-up or relief of debtors, or (b) any
general assignment for the benefit of creditors, composition, marshalling of assets for creditors, or other, similar arrangement
in respect of any Person’s creditors generally or any substantial portion of such Person’s creditors, in each case
undertaken under U.S. federal, state or foreign law, including any Debtor Relief Law.

 

“Intellectual
Property”: the collective reference to all rights, priorities and privileges relating to intellectual property, whether
arising under United States, multinational or foreign laws or otherwise, including copyrights, copyright licenses, patents, patent
licenses, trademarks, trademark licenses, technology, know-how and processes, and all rights to sue at law or in equity for any
infringement or other impairment thereof, including the right to receive all proceeds and damages therefrom.

 

“Intellectual
Property Security Agreement”: an intellectual property security agreement entered into between a Loan Party and the
Administrative Agent for filing at the USPTO or USCRO pursuant to the terms of the Guarantee and Collateral Agreement in form and
substance satisfactory to the Administrative Agent, together with each other intellectual property security agreement and supplement
thereto delivered pursuant to Section 6.12, in each case as amended, restated, supplemented or otherwise modified from
time to time.

 

“Interest
Payment Date”: (a) as to any ABR Loan (including any Swingline Loan), the first Business Day of each calendar month
to occur while such Loan is outstanding and the final maturity date of such Loan, (b) as to any Eurodollar Loan having an Interest
Period of three (3) months or less, the last Business Day of such Interest Period, (c) as to any Eurodollar Loan having an
Interest Period longer than three (3) months, each day that is three (3) months (or, if such date is not a Business Day, the Business
Day next succeeding such date) after the first day of such Interest Period and the last Business Day of such Interest Period, and
(d) as to any Loan (other than any Revolving Loan that is an ABR Loan and any Swingline Loan), the date of any repayment or prepayment
made in respect thereof.

 

“Interest
Period”: as to any Eurodollar Loan, (a) initially, the period commencing on the borrowing or conversion date, as
the case may be, with respect to such Eurodollar Loan and ending one (1), three (3) or six (6) months thereafter, as selected by
the Borrower in its Notice of Borrowing or Notice of Conversion/Continuation, as the case may be, given with respect thereto; and
(b) thereafter, each period commencing on the last day of the next preceding Interest Period applicable to such Eurodollar Loan
and ending one (1), three (3) or six (6) months thereafter, as selected by the Borrower by irrevocable notice to the Administrative
Agent in a Notice of Conversion/Continuation not later than 10:00 A.M. on the date that is three (3) Business Days prior to the
last day of the then current Interest Period with respect thereto; provided that all of the foregoing provisions relating
to Interest Periods are subject to the following:

 

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

 

    26 

     

    

 

(ii)                the
Borrower may not select an Interest Period under a particular Facility that would extend beyond the Revolving Termination Date;

 

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

 

(iv)              
the Borrower shall select Interest Periods so as not to require a payment or prepayment of any Eurodollar Loan during an
Interest Period for such Loan.

 

“Interest
Rate Agreement”: any interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, interest
rate hedging agreement or other similar agreement or arrangement, each of which is (a) for the purpose of hedging the interest
rate exposure associated with Holdings’ and its Subsidiaries’ operations, and (b) not for speculative purposes.

 

“Inventory”:
all “inventory,” as such term is defined in the UCC, now owned or hereafter acquired by any Loan Party, wherever located,
and in any event including inventory, merchandise, goods and other personal property that are held by or on behalf of any Loan
Party for sale or lease or are furnished or are to be furnished under a contract of service, or that constitutes raw materials,
work in process, finished goods, returned goods, or materials or supplies of any kind used or consumed or to be used or consumed
in such Loan Party’s business or in the processing, production, packaging, promotion, delivery or shipping of the same, including
all supplies and embedded software.

 

“Investments”:
as defined in Section 7.8.

 

“IRS”:
the Internal Revenue Service, or any successor thereto.

 

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

 

“Issuing
Lender”: as the context may require, (a) SVB or any Affiliate thereof, in its capacity as issuer of any Letter of
Credit (including, without limitation, each Existing Letter of Credit), and (b) any other Lender or an Affiliate thereof that may
become an Issuing Lender pursuant to Section 3.11 or 3.12, with respect to Letters of Credit issued by such
Lender or its Affiliate. The Issuing Lender may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates
of the Issuing Lender or other financial institutions, in which case the term “Issuing Lender” shall include any such
Affiliate or other financial institution with respect to Letters of Credit issued by such Affiliate or other financial institution.
For the avoidance of doubt, no Lender shall become an Issuing Lender unless it shall so agree.

 

“Issuing
Lender Fees”: as defined in Section 3.3(a).

 

“LCA Election”:
as defined in Section 1.4.

 

    27 

     

    

 

“LCA Test
Date”: as defined in Section 1.4.

 

“L/C Advance”:
each L/C Lender’s funding of its participation in any L/C Disbursement in accordance with its L/C Percentage of the L/C Commitment.

 

“L/C Commitment”:
as to any L/C Lender, the obligation of such L/C Lender, if any, to purchase an undivided interest in the Issuing Lenders’
obligations and rights under and in respect of each Letter of Credit (including to make payments with respect to draws made under
any Letter of Credit pursuant to Section 3.5(b)) in an aggregate principal amount not to exceed the amount set forth
under the heading “L/C Commitment” opposite such L/C Lender’s name on Schedule 1.1A or in the Assignment
and Assumption or Increase Joinder pursuant to which such L/C Lender becomes a party hereto, as the same may be changed from time
to time pursuant to the terms hereof. The L/C Commitment is a sublimit of the Revolving Commitment and the aggregate amount of
the L/C Commitments shall not exceed the amount of the Total L/C Commitments at any time.

 

“L/C Disbursements”:
a payment or disbursement made by the Issuing Lender pursuant to a Letter of Credit.

 

“L/C Exposure”:
at any time, the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit at such time, and (b) the aggregate
amount of all L/C Disbursements that have not yet been reimbursed or
converted into Revolving Loans at such time. The L/C Exposure of any L/C Lender at any time shall equal its L/C Percentage
of the aggregate L/C Exposure at such time.

 

“L/C Facility”:
the L/C Commitments and the extensions of credit made thereunder.

 

“L/C Fee
Payment Date”: as defined in Section 3.3(a).

 

“L/C Lender”:
a Lender with an L/C Commitment.

 

“L/C Percentage”:
as to any L/C Lender at any time, the percentage of the Total L/C Commitments represented by such L/C Lender’s L/C Commitment,
as such percentage may be adjusted as provided in Section 2.24.

 

“L/C-Related
Documents”: collectively, each Letter of Credit (including any Existing Letter of Credit), all applications for any
Letter of Credit (and applications for the amendment of any Letter of Credit) submitted by the Borrower to the Issuing Lender and
any other document, agreement and instrument relating to any Letter of Credit, including any of the Issuing Lender’s standard
form documents for letter of credit issuances.

 

“Lenders”:
as defined in the preamble hereto; provided that unless the context otherwise requires, each reference herein to the Lenders
shall be deemed to include the Issuing Lender and the Swingline Lender. For the avoidance of doubt, the term “Lenders”
excludes the Departing Lenders.

 

“Letter
of Credit”: as defined in Section 3.1(a); provided that such term shall include each Existing
Letter of Credit.

 

“Letter
of Credit Availability Period”: the period from and including the Closing Date to but excluding the Letter of Credit
Maturity Date.

 

“Letter
of Credit Fees”: as defined in Section 3.3(a).

 

    28 

     

    

 

“Letter
of Credit Fronting Fees”: as defined in Section 3.3(a).

 

“Letter
of Credit Maturity Date”: the date occurring 15 days prior to the Revolving Termination Date then in effect (or,
if such day is not a Business Day, the next preceding Business Day).

 

“LIBOR”:
as defined in the definition of “Eurodollar Base Rate.”

 

“Lien”:
any mortgage, deed of trust, pledge, hypothecation, collateral assignment, deposit arrangement, encumbrance, lien (statutory or
other), charge or other security interest or any preference, priority or other security agreement or preferential arrangement of
any kind or nature whatsoever (including any conditional sale or other title retention agreement and any capital lease having substantially
the same economic effect as any of the foregoing).

 

“Limited
Condition Acquisition”: any Acquisition, the consummation of which is not conditioned on the availability of, or
on obtaining, third party financing; provided, that, in the event the consummation of any such Acquisition shall not have
occurred on or prior to the date that is 120 days following the signing of the applicable Limited Condition Acquisition Agreement,
such Acquisition shall no longer constitute a Limited Condition Acquisition for any purpose.

 

“Limited
Condition Acquisition Agreement”: any agreement providing for a Limited Condition Acquisition.

 

“Loan”:
any loan made or maintained by any Lender pursuant to this Agreement.

 

“Loan Documents”:
this Agreement, each Security Document, each Note, the Fee Letter, the each Assignment and Assumption, each Compliance Certificate,
each Increase Joinder, each Notice of Borrowing, each Notice of Conversion/Continuation, the Solvency Certificate, the Collateral
Information Certificate, each L/C-Related Document, each subordination or intercreditor agreement and any agreement creating or
perfecting rights in cash collateral pursuant to the provisions of Section 3.10, or otherwise, and any amendment, waiver,
supplement or other modification to any of the foregoing.

 

“Loan Parties”:
each Group Member that is a party to a Loan Document, as a Borrower or a Guarantor.

 

“Material
Adverse Effect”: a material adverse effect on (a) the rights and remedies of the Administrative Agent under the Loan
Documents, taken as a whole, including the legality, validity, binding effect or enforceability of the Loan Documents; (b) the
business, operations, or financial condition of the Group Members, taken as a whole; or (c) the ability of the Loan Parties (taken
as a whole) to perform their payment obligations under any Loan Document.

 

“Materials
of Environmental Concern”: any substance, material or waste that is defined, regulated, governed or otherwise characterized
under any Environmental Law as hazardous or toxic or as a pollutant or contaminant (or by words of similar meaning and regulatory
effect), any petroleum or petroleum products, asbestos, polychlorinated biphenyls, urea-formaldehyde insulation, molds or fungus,
and radioactivity, radiofrequency radiation at levels known to be hazardous to human health and safety.

 

“Minority
Lender”: as defined in Section 10.1(b).

 

“Moody’s”:
Moody’s Investors Service, Inc.

 

“Mortgaged
Properties”: the real properties as to which, pursuant to Section 6.12(b) or otherwise, the
Administrative Agent, for the benefit of the Secured Parties, shall be granted a Lien pursuant to the Mortgages.

 

    29 

     

    

 

“Mortgages”:
each of the mortgages, deeds of trust, deeds to secure debt or such equivalent documents hereafter entered into and executed and
delivered by one or more of the Loan Parties to the Administrative Agent, in each case, as such documents may be amended, amended
and restated, supplemented or otherwise modified, renewed or replaced from time to time and in form and substance reasonably acceptable
to the Administrative Agent.

 

“Multiemployer
Plan”: a “multiemployer plan” (within the meaning of Section 3(37) of ERISA) to which any Loan Party
or any ERISA Affiliate thereof makes, is making, or is obligated or has ever been obligated to make, contributions.

 

“Non-Consenting
Lender”: any Lender that does not approve any consent, waiver or amendment that (a) requires the approval of all
affected Lenders in accordance with the terms of Section 10.1 and (b) has been approved by the Required Lenders.

 

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

 

“Note”:
a Revolving Loan Note or a Swingline Loan Note.

 

“Notice
of Borrowing”: a notice substantially in the form of Exhibit K.

 

“Notice
of Conversion/Continuation”: a notice substantially in the form of Exhibit L.

 

“Obligations”:
the unpaid principal of and interest on (including interest accruing after the maturity of the Loans and interest accruing after
the filing of any petition in bankruptcy, or the commencement of any Insolvency Proceeding relating to any Loan Party, whether
or not a claim for post-filing or post-petition interest is allowed or allowable in such proceeding) the Loans and all other obligations
and liabilities (including any fees or expenses that accrue after the filing of any petition in bankruptcy, or the commencement
of any insolvency, reorganization or like proceeding, relating to any Loan Party, whether or not a claim for post-filing or post-petition
interest is allowed or allowable in such proceeding) of the Loan Parties (and the other Group Members in the case of obligations
in respect of Cash Management Services and Specified Swap Agreement) to the Administrative Agent, the Issuing Lender, any other
Lender, any applicable Cash Management Bank, and any Qualified Counterparty, whether direct or indirect, absolute or contingent,
due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, this Agreement,
any other Loan Document, any Cash Management Agreement, any Specified Swap Agreement or any other document made, delivered or given
in connection herewith or therewith, whether on account of principal, interest, reimbursement obligations, payment obligations,
fees, indemnities, costs, expenses (including all reasonable and documented out-of-pocket fees, charges and disbursements of counsel
to the Administrative Agent, the Issuing Lender, any other Lender, any applicable Cash Management Bank, to the extent that any
applicable Cash Management Agreement requires the reimbursement by any applicable Group Member of any such expenses, and any Qualified
Counterparty) that are required to be paid by any Group Member pursuant any Loan Document, Cash Management Agreement, Specified
Swap Agreement or otherwise. For the avoidance of doubt, the Obligations shall not include (a) any obligations arising under
any warrants or other equity instruments issued by any Loan Party to any Lender, or (b) solely with respect to any Guarantor
that is not a Qualified ECP Guarantor, any Excluded Swap Obligations of such Guarantor.

 

“OFAC”:
the Office of Foreign Assets Control of the United States Department of the Treasury and any successor thereto.

 

    30 

     

    

 

“Operating
Documents”: for any Person as of any date, such Person’s constitutional documents, formation documents and/or
certificate of incorporation (or equivalent thereof), and, (a) if such Person is a corporation, its bylaws or memorandum and
articles of association (or equivalent thereof) in current form, (b) if such Person is a limited liability company, its limited
liability company agreement (or similar agreement), and (c) if such Person is a partnership, its partnership agreement (or
similar agreement), each of the foregoing with all current amendments or modifications thereto.

 

“Original
Loan Documents”: as define in Section 10.22

 

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

 

“Other
Taxes”: all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise
from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection
of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection
Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 2.23).

 

“Overadvance”:
as defined in Section 2.8.

 

“Payment
Conditions”: (a) immediately before and immediately after giving effect to the applicable payment or transaction,
no Event of Default shall have occurred and be continuing (other than in connection with a Limited Condition Acquisition, in which
case there shall be no Event of Default as of the LCA Test Date and no Event of Default under Section 8.1(a) or (f)
as of the date of such payment or transaction), (b) subject to Section 1.4, immediately after giving effect to the applicable payment
or transaction, (i) the Borrower is in pro forma compliance with the Consolidated Interest Coverage Ratio covenant set forth in
Section 7.1 (or if such payment or transaction is made or consummated prior to the date that financial statements for the
fiscal year ending January 31, 2021 have been delivered, the same covenant levels applicable to the trailing four quarter period
ending on January 31, 2021 shall be tested as of October 31, 2020) and (ii) the pro forma Consolidated Total Leverage Ratio does
not exceed 3.50:1.00 as of the last day of the most recent fiscal quarter of Holdings for which financial statements have been
delivered hereunder (or October 31, 2020, as applicable) and (c) the Administrative Agent shall have received, five (5) Business
Days (or such shorter period as is acceptable to the Administrative Agent), prior to the applicable payment or transaction, a certificate
signed by a Responsible Officer of the Borrower certifying the conditions specified in the foregoing clauses (a) and (b) have been
satisfied and containing all information and calculations necessary for determining compliance with the foregoing clause (b).

 

“Participant”:
as defined in Section 10.6(d).

 

“Participant
Register”: as defined in Section 10.6(d).

 

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

 

“PBGC”:
the Pension Benefit Guaranty Corporation, or any successor thereto.

 

    31 

     

    

 

“Pension
Plan”: an employee benefit plan (as defined in Section 3(3) of ERISA) other than a Multiemployer Plan (a) that
is or was at any time maintained or sponsored by any Loan Party or any ERISA Affiliate thereof or to which any Loan Party or any
ERISA Affiliate thereof has ever made, or was obligated to make, contributions, and (b) that is or was subject to Section
412 of the Code, Section 302 of ERISA or Title IV of ERISA.

 

“Permitted
Refinancing”: Indebtedness (“Refinance Indebtedness”) which represents an extension, renewal,
refinancing or replacement of any Indebtedness permitted hereunder (such Indebtedness being referred to herein as the “Original
Indebtedness”); provided that (i) such Refinance Indebtedness does not increase the principal amount (other than for
accrued interest, reasonable fees, premiums and penalties thereon) of the Original Indebtedness, (ii) any Liens securing such Refinance
Indebtedness are not extended to any additional property of any Group Member, (iii) no Group Member that is not originally obligated
with respect to repayment of such Original Indebtedness becomes obligated with respect to such Refinance Indebtedness, (iv) such
Refinance Indebtedness does not result in a shortening of the average weighted maturity of such Original Indebtedness or the final
maturity of such Original Indebtedness, (v) the terms of such Refinance Indebtedness other than fees and interest are not, taken
as a whole, less favorable to the obligor thereunder than the original terms of such Original Indebtedness and (vi) if such Original
Indebtedness was subordinated in right of payment or security to the Obligations, then the terms and conditions of such Refinance
Indebtedness must include subordination terms and conditions that are at least as favorable to the Administrative Agent and the
Lenders as those that were applicable to such Original Indebtedness.

 

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

 

“Plan”:
(a) an employee benefit plan (as defined in Section 3(3) of ERISA) other than a Multiemployer Plan which is or was at
any time maintained or sponsored by any Loan Party or any Subsidiary thereof or to which any Loan Party or any Subsidiary thereof
has ever made, or was obligated to make, contributions, (b) a Pension Plan, or (c) a Qualified Plan.

 

“Plan Asset
Regulations”: 29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA, as amended from time to time.

 

“Platform”:
is any of Debt Domain, Intralinks, Syndtrak, Debtx or a substantially similar electronic transmission system.

 

“Prime
Rate”: the rate of interest per annum published in the money rates section of the Wall Street Journal or any successor
publication thereto as the “prime rate” then in effect; provided that if such rate of interest, as set forth
from time to time in the money rates section of the Wall Street Journal, becomes unavailable for any reason as determined by the
Administrative Agent, the “Prime Rate” shall mean the rate of interest per annum announced by the Administrative Agent
as its prime rate in effect at its principal office in the State of California (such announced Prime Rate not being intended to
be the lowest rate of interest charged by the Administrative Agent in connection with extensions of credit to debtors).

 

“Pro
Forma Basis”: with respect to any calculation or determination for any period,
in making such calculation or determination on the specified date of determination (the “Determination Date”):

 

(a)                pro
forma effect will be given to any Indebtedness incurred by Holdings or any of its Subsidiaries (including by assumption of
then outstanding Indebtedness or by a Person becoming a Subsidiary) (“Incurred”) after the
beginning of the applicable period and on or before the Determination Date to the extent the Indebtedness is outstanding or
is to be Incurred on the Determination Date, as if such Indebtedness had been Incurred on the first day of such period;

 

    32 

     

    

 

(b)                pro
forma calculations of interest on Indebtedness bearing a floating interest rate will be made as if the rate in effect on the Determination
Date (taking into account any Swap Agreement applicable to the Indebtedness) had been the applicable rate for the entire reference
period; and

 

(c)                Consolidated Interest Expense related to any Indebtedness no longer outstanding or to be repaid or redeemed on the Determination
Date, except for Consolidated Interest Expense accrued during the reference period under a revolving credit to the extent of the
commitment thereunder (or under any successor revolving credit) in effect on the Determination Date, will be excluded as if such
Indebtedness was no longer outstanding or was repaid or redeemed on the first day of such period;

 

(d)               
pro forma effect will be given to: (A) the acquisition or disposition of companies, divisions or lines of businesses
by Holdings and its Subsidiaries, including any acquisition or disposition of a company, division or line of business since the
beginning of the reference period by a Person that became a Subsidiary after the beginning of the applicable period; and (B) the
discontinuation of any discontinued operations; in each case of clauses (A) and (B), that have occurred since the beginning
of the applicable period and before the Determination Date as if such events had occurred, and, in the case of any disposition,
the proceeds thereof applied, on the first day of such period. To the extent that pro forma effect is to be given to an acquisition
or disposition of a company, division or line of business, the pro forma calculation will be calculated in good faith by a responsible
financial or accounting officer of Holdings in accordance with Regulation S-X under the Securities Act based upon the most recent
four full fiscal quarters for which the relevant financial information is available.

 

“Projected
Pro Forma Financial Statements”: projected balance sheets, income statements and
cash flow statements prepared by Holdings and its consolidated Subsidiaries that give effect to (a) the Loans to be made on the
Closing Date and the use of proceeds thereof and (b) the payment of fees and expenses in connection with the foregoing, in each
case prepared on a quarterly basis through the through the fiscal year ending January 31, 2024 and annually thereafter through
the Revolving Termination Date.

 

“Properties”:
as defined in Section 4.17(a).

 

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

 

“Public
Company Costs”: as to any Person, costs associated with, or in anticipation of, or preparation for, compliance with
the requirements of the Sarbanes-Oxley Act of 2002 and the rules and regulations promulgated in connection therewith and costs
relating to compliance with the provisions of the Securities Act of 1933 (as amended, and the rules and regulations of the SEC
promulgated thereunder, as amended) and the Securities Exchange Act of 1934 (as amended, and the rules and regulations of the SEC
promulgated thereunder, as amended) or any other comparable body of laws, rules or regulations, as companies with listed equity,
directors’ compensation, fees and expense reimbursement, costs relating to enhanced accounting functions and investor relations,
stockholder meetings and reports to stockholders, directors’ and officers’ insurance and other executive costs, legal
and other professional fees, listing fees and other transaction costs, in each case to the extent arising solely by virtue of the
listing of such Person’s equity securities on a national securities exchange or issuance of public debt securities.

 

“Qualified
Acquisition”: an Acquisition for consideration in excess of $150,000,000, substantially all of which is financed
with Indebtedness.

 

    33 

     

    

 

“Qualified
Counterparty”: with respect to any Specified Swap Agreement, any counterparty thereto that is a Lender or an Affiliate
of a Lender or, at the time such Specified Swap Agreement was entered into or as of the Closing Date, was the Administrative Agent
or a Lender or an Affiliate of the Administrative Agent or a Lender.

 

“Qualified
ECP Guarantor”: in respect of any Swap Obligation, (a) each Guarantor that has total assets exceeding $10,000,000
at the time the relevant Guarantee Obligation of such Guarantor provided in respect of, or the Lien granted by such Guarantor to
secure, such Swap Obligation (or guaranty thereof) becomes effective with respect to such Swap Obligation, and (b) any other
Guarantor that (i) constitutes an “eligible contract participant” under the Commodity Exchange Act or any regulations
promulgated thereunder, or (ii) can cause another Person (including, for the avoidance of doubt, any other Guarantor not then
constituting a “Qualified ECP Guarantor”) to qualify as an “eligible contract participant” at such time
by entering into a “keepwell, support, or other agreement” as contemplated by Section 1a(18)(A)(v)(II) of the
Commodity Exchange Act.

 

“Qualified
Plan”: an employee benefit plan (as defined in Section 3(3) of ERISA) other than a Multiemployer Plan (a) that
is or was at any time maintained or sponsored by any Loan Party or any ERISA Affiliate thereof or to which any Loan Party or any
ERISA Affiliate thereof has ever made, or was ever obligated to make, contributions, and (b) that is intended to be tax-qualified
under Section 401(a) of the Code.

 

“Ratio
Debt”: unsecured Indebtedness of one or more Loan Parties; provided that such Indebtedness shall not (a) mature
prior to the date that is at least 180 days after the Revolving Termination Date (other than with respect to customary bridge loans
that are convertible or exchangeable into notes or other permanent financing), (b) have amortization that is greater than 10% per
annum (other than a bullet payment at maturity), (c) have mandatory prepayments (other than (x) in connection with a change of
control or asset sale offers, (y) with respect to customary bridge loans that are payable with the proceeds of permanent refinancing
and (z) with respect to conversion or settlement of convertible debt on customary terms), or (d) have financial maintenance covenants
that are more restrictive than those applicable to the Loan Documents.

 

“Recipient”:
the (a) Administrative Agent, (b) any Lender or (c) the Issuing Lender, as applicable.

 

“Reference
Time”: with respect to any setting of the then-current Benchmark means (1) if such Benchmark is LIBOR, 11:00 a.m.
(London time) on the day that is two London banking days preceding the date of such setting, and (2) if such Benchmark is not LIBOR,
the time determined by the Administrative Agent in its reasonable discretion.

 

“Refunded
Swingline Loans”: as defined in Section 2.7(b).

 

“Register”:
as defined in Section 10.6(c).

 

“Regulation
T”: Regulation T of the Board as in effect from time to time.

 

“Regulation
U”: Regulation U of the Board as in effect from time to time.

 

“Regulation
X”: Regulation X of the Board as in effect from time to time.

 

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

 

    34 

     

    

 

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

 

“Replacement
Lender”: as defined in Section 2.23.

 

“Required
Lenders”: at any time, (a) if only one Lender holds the Total Revolving Commitments, such Lender; and (b) if
more than one Lender holds the Total Revolving Commitments, then at least two Lenders who together hold more than 50% of the Total
Revolving Commitments (including, without duplication, the L/C Commitments) then in effect or, if the Revolving Commitments have
been terminated, the Total Revolving Extensions of Credit then outstanding; provided that for the purposes of this clause
(b), the Revolving Commitments of, and the portion of the Revolving Loans and participations in L/C Exposure and Swingline Loans
held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders; provided
further that a Lender and its Affiliates shall be deemed one Lender.

 

“Requirement
of Law”: as to any Person, and any law, treaty, rule or regulation or determination of an arbitrator or a court or
other Governmental Authority (including, for the avoidance of doubt, the Basel Committee on Banking Supervision and any successor
thereto or similar authority or successor thereto), in each case applicable to or binding upon such Person or any of its property
or to which such Person or any of its property is subject.

 

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

 

“Responsible
Officer”: with respect to any Person, the chief executive officer, president, vice president, chief financial officer,
treasurer, controller, vice president of strategic finance or comptroller of such Person, but in any event, with respect to financial
matters, the chief financial officer, treasurer, controller, vice president of strategic finance or comptroller of such Person.

 

“Restricted
Payments”: as defined in Section 7.6.

 

“Revolving
Commitment”: as to any Lender, the obligation of such Lender, if any, to make Revolving Loans and participate in
Swingline Loans and Letters of Credit in an aggregate principal amount not to exceed the amount set forth under the heading “Revolving
Commitment” opposite such Lender’s name on Schedule 1.1A or in the Assignment and Assumption or Increase
Joinder pursuant to which such Lender became a party hereto, as the same may be changed from time to time pursuant to the terms
hereof (including in connection with assignments and Increases permitted hereunder). The amount of the Total Revolving Commitments
as of the Closing Date is $750,000,000. The L/C Commitment and the Swingline Commitment are each sublimits of the Total Revolving
Commitments.

 

“Revolving
Commitment Period”: the period from and including the Closing Date to the Revolving Termination Date.

 

“Revolving
Extensions of Credit”: as to any Revolving Lender at any time, an amount equal to the sum of
(a) the aggregate principal amount of all Revolving Loans held by such Lender then outstanding, plus
(b) such Lender’s L/C Percentage of the aggregate undrawn amount of all outstanding Letters of Credit (including
the Existing Letter of Credit) at such time, plus (c) such Lender’s L/C Percentage of the aggregate amount
of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time, plus
(d) such Lender’s Revolving Percentage of the aggregate principal amount of Swingline Loans then outstanding.

 

    35 

     

    

 

“Revolving
Facility”: the Revolving Commitments and the extensions of credit made thereunder.

 

“Revolving
Lender”: each Lender that has a Revolving Commitment or that holds Revolving Loans.

 

“Revolving
Loan Conversion”: as defined in Section 3.5(b).

 

“Revolving
Loan Funding Office”: the office of the Administrative Agent specified in Section 10.2 or such other
office as may be specified from time to time by the Administrative Agent as its funding office by written notice to the Borrower
and the Lenders.

 

“Revolving
Loan Note”: a promissory note in the form of Exhibit H-1, as it may be amended, supplemented or otherwise
modified from time to time.

 

“Revolving
Loans”: as defined in Section 2.4(a).

 

“Revolving
Percentage”: as to any Revolving Lender at any time, the percentage which such Lender’s Revolving Commitment
then constitutes of the Total Revolving Commitments or, at any time after the Revolving Commitments of all Lenders shall have expired
or terminated, the percentage which the aggregate principal amount of such Lender’s Revolving Loans then outstanding constitutes
of the aggregate principal amount of all Revolving Loans then outstanding; provided that in the event that the Revolving
Loans are paid in full prior to the reduction to zero of the Total Revolving Commitments, the Revolving Percentages shall be determined
in a manner designed to ensure that the other outstanding Revolving Extensions of Credit shall be held by the Revolving Lenders
on a comparable basis.

 

“Revolving
Termination Date”: January 2, 2026.

 

“S&P”:
Standard & Poor’s Ratings Services.

 

“Sale Leaseback
Transaction”: any arrangement with any Person or Persons, whereby in contemporaneous or substantially contemporaneous
transactions a Loan Party sells substantially all of its right, title and interest in any property and, in connection therewith,
acquires, leases or licenses back the right to use all or a material portion of such property.

 

“Sanction(s)”:
any international economic sanction administered or enforced by the United States Government (including OFAC), the United Nations
Security Council, the European Union, Her Majesty’s Treasury or other relevant sanctions authority.

 

“SEC”:
the Securities and Exchange Commission, any successor thereto and any analogous Governmental Authority.

 

“Secured
Consolidated Debt”: secured Indebtedness for borrowed money, Capital Lease Obligations and purchase money debt as
reflected on the consolidated balance sheet of Holdings and its Subsidiaries.

 

“Secured
Parties”: the collective reference to the Administrative Agent, the Lenders (including any Issuing Lender in
its capacity as Issuing Lender and any Swingline Lender in its capacity as Swingline Lender), any Cash Management Bank (in
its or their respective capacities as providers of Cash Management Services), and any Qualified Counterparties.

 

    36 

     

    

 

“Securities
Account”: any “securities account” as defined in the UCC with such additions to such term as may hereafter
be made.

 

“Securities
Account Control Agreement”: any Control Agreement entered into by the Administrative Agent, a Loan Party and a securities
intermediary holding a Securities Account of such Loan Party pursuant to which the Administrative Agent is granted “control”
(for purposes of the UCC) over such Securities Account.

 

“Securities
Act”: the Securities Act of 1933, as amended from time to time and any successor statute.

 

“Security
Documents”: the collective reference to (a) the Guarantee and Collateral Agreement, (b) the Mortgages (if
any), (c) each Intellectual Property Security Agreement, (d) each Deposit Account Control Agreement, (e) each Securities
Account Control Agreement, (f) all other security documents hereafter delivered to the Administrative Agent granting a Lien
on any property of any Person to secure the Obligations of any Loan Party arising under any Loan Document, (g) each Pledge
Supplement, (h) each Assumption Agreement, and (i) all financing statements, fixture filings, assignments, acknowledgments
and other filings, documents and agreements made or delivered pursuant to any of the foregoing.

 

“SOFR”:
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 on the immediately succeeding Business Day.

 

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

 

“SOFR Administrator’s
Website”: 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.

 

“Solvency
Certificate”: the Solvency Certificate, dated the Closing Date, delivered to the Administrative Agent pursuant to
Section 5.1(p), which Solvency Certificate shall be in substantially the form of Exhibit D.

 

“Solvent”:
when used with respect to any Person, as of any date of determination, (a) the amount of the “fair value” of
the assets of such Person will, as of such date, exceed the amount of all “liabilities of such Person, contingent or
otherwise,” as of such date, as such quoted terms are determined in accordance with applicable federal and state laws
governing determinations of the insolvency of debtors, (b) the “present fair saleable value” of the assets of
such Person will, as of such date, be greater than the amount that will be required to pay the liability of such Person on
its debts as such debts become absolute and matured, as such quoted terms are determined in accordance with applicable
federal and state laws governing determinations of the insolvency of debtors, (c) such Person will not have, as of such date,
an unreasonably small amount of capital with which to conduct its business, and (d) such Person will be able to pay its debts
generally as they mature. For purposes of this definition, (i) “debt” means liability on a “claim,”
and (ii) “claim” means any (x) right to payment, whether or not such a right is reduced to judgment, liquidated,
unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured or unsecured or (y)
right to an equitable remedy for breach of performance if such breach gives rise to a right to payment, whether or not such
right to an equitable remedy is reduced to judgment, fixed, contingent, matured or unmatured, disputed, undisputed, secured
or unsecured.

 

    37 

     

    

 

“Specified
Acquisition Agreement Representations”: such of the representations and warranties made by the sellers and their
Affiliates in the Limited Condition Acquisition Agreement as are material to the interests of the Lenders, but only to the extent
that Holdings (or its applicable Affiliates) has the right (taking into account any applicable cure provisions) to terminate its
(or such Affiliates’) obligations under the Limited Condition Acquisition Agreement, or decline to consummate the acquisition
(in each case, in accordance with the terms thereof), as a result of a breach of such representations and warranties.

 

“Specified
Representations”: those representations and warranties made in Sections 4.3(a) (with respect to the organizational
existence of the Loan Parties only after giving effect to the Limited Condition Acquisition), 4.4 (excluding the third sentence
thereof), 4.5 (solely with respect to the first sentence and with respect to Operating Documents), 4.11, 4.14,
4.19, 4.20 (giving effect to the Limited Condition Acquisition and the incurrence of the Increase loans in connection
therewith), 4.28 and 4.29 (solely to the effect that the use of proceeds of any Increase loans in connection with the Limited Condition
Acquisition on the date of the acquisition will not violate the Foreign Corrupt Practices Act, the USA PATRIOT Act or sanctions
administered by OFAC).

 

“Specified
Swap Agreement”: any Swap Agreement entered into by any Group Member and any Qualified Counterparty (or any Person
who was a Qualified Counterparty as of the Closing Date or as of the date such Swap Agreement was entered into).

 

“Subordinated
Debt Document”: any agreement, certificate, document or instrument executed or delivered by any Group Member and
evidencing Indebtedness of such Group Member which is subordinated to the payment of the Obligations or the Liens securing such
Indebtedness is subordinated to the Administrative Agent’s Lien, in each case, in a manner approved in writing by the Administrative
Agent, and any renewals, modifications, or amendments thereof which are not prohibited by this Agreement or are approved in writing
by the Administrative Agent.

 

“Subordinated
Indebtedness”: Indebtedness of one or more Loan Parties (and no other Group Members) subordinated to the Obligations
pursuant to subordination terms (including payment, lien and remedies subordination terms, as applicable) reasonably acceptable
to the Administrative Agent.

 

“Subsidiary”:
as to any Person, a corporation, partnership, limited liability company or other entity of which shares of stock or other ownership
interests having ordinary voting power (other than stock or such other ownership interests having such power only by reason of
the happening of a contingency) to elect a majority of the board of directors or other managers of such corporation, partnership
or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly through one or
more intermediaries, or both, by such Person. Unless otherwise qualified, all references to a “Subsidiary”
or to “Subsidiaries” in this Agreement shall refer to a Subsidiary or Subsidiaries of Holdings.

 

“Surety
Indebtedness”: as of any date of determination, indebtedness (contingent or otherwise) owing to sureties arising
from surety bonds issued on behalf of any Loan Party or its respective Subsidiaries as support for, among other things, their contracts
with customers, whether such indebtedness is owing directly or indirectly by such Loan Party or any such Subsidiary.

 

“SVB”:
as defined in the preamble hereto.

 

“Swap
Agreement”: any agreement with respect to any swap, hedge, forward, future or derivative transaction or option
or similar agreement (including without limitation, any Interest Rate Agreement) involving, or settled by reference to, one
or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices
or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these
transactions; provided that the following shall not constitute “Swap Agreements”: (a) any phantom stock or
similar plan providing for payments only on account of services provided by current or former directors, officers, employees
or consultants of the Borrower and its Subsidiaries, (b) any stock option or warrant agreement for the purchase of Capital
Stock of the Borrower, (c) the purchase of Capital Stock or Indebtedness (including securities convertible into Capital
Stock) of the Borrower pursuant to delayed delivery contracts, accelerated stock repurchase agreements, forward contracts or
other similar agreements and (d) any of the items specified in the foregoing clauses (a) through (c), to the extent the same
constitutes a derivative embedded in a convertible security issued by the Borrower.

 

    38 

     

    

 

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

 

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

 

“Swingline
Commitment”: the obligation of the Swingline Lender to make Swingline Loans pursuant to Section 2.6 in
an aggregate principal amount at any one time outstanding not to exceed $50,000,000.

 

“Swingline
Facility”: the Swingline Commitments and the Swingline Loans.

 

“Swingline
Lender”: SVB, in its capacity as the lender of Swingline Loans or such other Lender as the Borrower may from time
to time select as the Swingline Lender hereunder pursuant to Section 2.7(f); provided that such Lender has agreed
to be a Swingline Lender.

 

“Swingline
Loan Note”: a promissory note in the form of Exhibit H-2, as it may be amended, supplemented or otherwise
modified from time to time.

 

“Swingline
Loans”: as defined in Section 2.6.

 

“Swingline
Participation Amount”: as defined in Section 2.7(c).

 

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

 

“Taxes”:
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.

 

    39 

     

    

 

“Term SOFR”:
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.

 

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

 

“Total
L/C Commitments”: at any time, the sum of all L/C Commitments at such time, as the same may be reduced from time
to time pursuant to Section 2.10 or 3.5(b). The initial amount of the Total L/C Commitments on the Closing Date
is $100,000,000.

 

“Total
Revolving Commitments”: at any time, the aggregate amount of the Revolving Commitments then in effect.

 

“Total
Revolving Extensions of Credit”: at any time, the aggregate amount of the Revolving Extensions of Credit outstanding
at such time.

 

“Trade
Date”: as defined in Section 10.6(b)(i)(B).

 

“Transferee”:
any Eligible Assignee or Participant.

 

“Type”:
as to any Loan, its nature as an ABR Loan or a Eurodollar Loan.

 

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

 

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

 

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

 

“Unfriendly
Acquisition”: any acquisition that has not, at the time of the first public announcement of an offer relating thereto,
been approved by the board of directors (or other legally recognized governing body) of the Person to be acquired; except that
with respect to any acquisition of a non-U.S. Person, an otherwise friendly acquisition shall not be deemed to be unfriendly if
it is not customary in such jurisdiction to obtain such approval prior to the first public announcement of an offer relating to
a friendly acquisition.

 

“Uniform
Commercial Code” or “UCC”: the Uniform Commercial Code (or any similar or equivalent legislation)
as in effect from time to time in the State of New York, or as the context may require, any other applicable jurisdiction.

 

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

 

“Unrestricted
Cash”: cash and Cash Equivalents of the Loan Parties that would not appear as “restricted” on a consolidated
balance sheet of the Group Members (other than as are restricted in favor of the Administrative Agent to secure the Obligations).

 

    40

     

    

 

“Unsecured
Notes”: up to $750,000,000 of principal amount of senior unsecured notes of the Loan Parties with a maturity date
that is at least 180 days after the Revolving Termination Date; provided that such indebtedness shall not (a) have any financial
covenants, (b) amortize or require mandatory prepayments (other than in connection with a change of control or asset sale offers)
prior to such maturity date, or (c) be the direct or contingent obligation of any Subsidiary of Holdings that is not a Loan Party.

 

“USCRO”:
the U.S. Copyright Office.

 

“USPTO”:
the U.S. Patent and Trademark Office.

 

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

 

“U.S. Tax
Compliance Certificate”: as defined in Section 2.20(f).

 

“Withholding
Agent”: as applicable, any of any applicable Loan Party and the Administrative Agent, as the context may require.

 

“Working
Capital”: with respect to the Group Members, consolidated current assets (which shall exclude any cash or Cash Equivalents)
minus consolidated current liabilities (which shall exclude any amount outstanding under the Revolving Facility and the current
portion of any Indebtedness, in each case, to the extent included in “consolidated current liabilities”), in each case,
determined in accordance with GAAP.

 

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

 

1.2              
Other Definitional Provisions.

 

(a)               
Unless otherwise specified therein, all terms defined in this Agreement shall have the defined meanings when used in the
other Loan Documents or any certificate or other document made or delivered pursuant hereto or thereto.

 

(b)                As
used herein and in the other Loan Documents, and in any certificate or other document made or delivered pursuant hereto or
thereto, (i) accounting terms relating to any Group Member not defined in Section 1.1 and accounting terms
partly defined in Section 1.1, to the extent not defined, shall have the respective meanings given to them under
GAAP, (ii) the words “include,” “includes” and “including” shall be deemed to be
followed by the phrase “without limitation,” (iii) the word “incur” shall be construed to mean
incur, create, issue, assume, become liable in respect of or suffer to exist (and the words “incurred” and
 “incurrence” shall have correlative meanings), (iv) the words “asset” and “property”
shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and
properties, including cash, Capital Stock, securities, revenues, accounts, leasehold interests and contract rights,
(v) references to a given time of day shall, unless otherwise specified, be deemed to refer to Pacific time, and
(vi) references to agreements (including this Agreement) or other Contractual Obligations shall, unless otherwise
specified, be deemed to refer to such agreements or Contractual Obligations as amended, supplemented, restated, amended and
restated or otherwise modified from time to time.

 

    41

     

    

 

(c)               
The words “hereof,” “herein” and “hereunder”
and words of similar import, when used in this Agreement, shall refer to this Agreement as a whole and not to any particular provision
of this Agreement unless otherwise specified. The word “will” shall be construed to have the same meaning and effect
as the word “shall.” Unless the context requires otherwise, (i) any reference herein to any Person shall be construed
to include such Person’s successors and assigns, (ii) all references herein to Articles, Sections, Exhibits and Schedules
shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement, and (iii) any reference
to any law or regulation herein shall, unless otherwise specified, refer to such law or regulation as amended, modified or supplemented
from time to time.

 

(d)               
The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms.
Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms.

 

(e)               
For all purposes under the Loan Documents, in connection with any Division: (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 Capital Stock at such time.

 

1.3              
Rounding. Any
financial ratios required to be maintained by the Borrower pursuant to this Agreement shall be calculated by dividing the appropriate
component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed
herein and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number).

 

1.4              
Limited Condition Acquisitions. In connection
with any action being taken in connection with a Limited Condition Acquisition, for purposes of determining compliance with any
provision of this Agreement which requires the calculation of the Consolidated Senior Secured Leverage Ratio, the Consolidated
Total Leverage Ratio, the Consolidated Interest Coverage Ratio or any other financial ratio or metric, at the option of the Borrower
(and, if the Borrower elects to exercise such option, such option shall be exercised on or prior to the date on which the definitive
agreement for such Limited Condition Acquisition is executed) (the Borrower’s election to exercise such option in connection
with any Limited Condition Acquisition, an “LCA Election”),
then notwithstanding anything else to the contrary contained in this Agreement, the date of determination of whether any such
action is permitted hereunder, shall be deemed to be the date the definitive agreements for such Limited Condition Acquisition
are entered into (the “LCA Test Date”), and if, after giving pro forma
effect to the Limited Condition Acquisition and the other transactions to be entered into in connection therewith (including any
Incurrence of Indebtedness and the use of proceeds thereof) as if they had occurred at the beginning of the most recent period
of four fiscal quarters then ended prior to the LCA Test Date for which consolidated financial statements of Holdings are available,
the Borrower could have taken such action on the relevant LCA Test Date in compliance with such ratio or basket, such ratio or
basket shall be deemed to have been complied with. If the Borrower has made an LCA Election for any Limited Condition Acquisition,
then in connection with any subsequent calculation of any basket availability with respect to the incurrence of Indebtedness,
the grant of Liens, or the making of Investments, Restricted Payments, Dispositions, mergers and consolidations or other transfer
of all or substantially all of the assets of any Loan Party or any Subsidiary on or following the relevant LCA Test Date and prior
to the earlier of the date on which such Limited Condition Acquisition is consummated or the definitive agreement for such Limited
Condition Acquisition is terminated or expires without consummation of such Limited Condition Acquisition, any such ratio or basket
shall be calculated on a Pro Forma Basis assuming both that
such Limited Condition Acquisition and other transactions in connection therewith (including any incurrence of Indebtedness and
the use of proceeds thereof) have been consummated and have not been consummated.

 

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SECTION 2

AMOUNT AND TERMS OF COMMITMENTS

 

2.1              
[Reserved].

 

2.2              
[Reserved].

 

2.3              
[Reserved].

 

2.4              
Revolving Commitments.

 

(a)               
Prior to the Closing Date, Existing Revolving Loans were made to the Borrower under the Existing Credit Agreement which
remain outstanding as of the date of this Agreement. Subject to the terms and conditions set forth in this Agreement, the Borrower
and each of the Lenders agree that on the Closing Date but subject to the reallocation and other transactions described in Section
10.22, the Existing Revolving Loans shall be reevidenced as Loans under this Agreement and the terms of the Existing Revolving
Loans shall be restated in their entirety and shall be evidenced by this Agreement. Subject to the terms and conditions hereof,
each Revolving Lender severally agrees to make revolving credit loans in Dollars (each, a “Revolving Loan”
and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment
Period in an aggregate principal amount at any one time outstanding which, when added to the aggregate outstanding amount of the
Swingline Loans, the aggregate undrawn amount of all outstanding Letters of Credit, and the aggregate amount of all L/C Disbursements
that have not yet been reimbursed or converted into Revolving Loans, incurred on behalf of the Borrower and owing to such Lender,
does not exceed the amount of such Lender’s Revolving Commitment. In addition, such aggregate obligations shall not at any
time exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use
the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance with
the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the
Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13.

 

(b)               
The Borrower shall repay all outstanding Revolving Loans (including all Overadvances) on the Revolving Termination Date.

 

2.5               Procedure
for Revolving Loan Borrowing. The Borrower may borrow under the Revolving Commitments during the Revolving Commitment
Period on any Business Day; provided that the Borrower shall give the Administrative Agent an irrevocable Notice of
Borrowing (which must be received by the Administrative Agent prior to 10:00 A.M. (a) three (3) Business Days prior to
the requested Borrowing Date, in the case of Eurodollar Loans, or (b) one (1) Business Day prior to the requested
Borrowing Date, in the case of ABR Loans) (provided that any such Notice of Borrowing of ABR Loans under the Revolving
Facility to finance payments under Section 3.5(a) may be given not later than 10:00 A.M. on the date of the
proposed borrowing), in each such case specifying (i) the amount and Type of Revolving Loans to be borrowed,
(ii) the requested Borrowing Date, (iii) in the case of Eurodollar Loans, the respective amounts of each such Type
of Loan and the respective lengths of the initial Interest Period therefor, and (iv) instructions for remittance of the
proceeds of the applicable Loans to be borrowed. Unless otherwise agreed by the Administrative Agent in its sole discretion,
no Revolving Loan may be made as, converted into or continued as a Eurodollar Loan having an Interest Period in excess of one
month prior to the date that is 30 days after the Closing Date. Each borrowing under the Revolving Commitments shall be in an
amount equal to in the case of ABR Loans, $1,000,000 or a whole multiple of $100,000 in excess thereof (or, if the then
aggregate Available Revolving Commitments are less than $1,000,000, such lesser amount); provided that the Swingline
Lender may request, on behalf of the Borrower, borrowings under the Revolving Commitments that are ABR Loans in other amounts
pursuant to Section 2.7. Upon receipt of any such Notice of Borrowing from the Borrower, the Administrative Agent
shall promptly notify each Revolving Lender thereof. Each Revolving Lender will make the amount of its pro rata share
of each such borrowing available to the Administrative Agent for the account of the Borrower at the Revolving Loan Funding
Office prior to 12:00 P.M. on the Borrowing Date requested by the Borrower in funds immediately available to the
Administrative Agent. Such borrowing will then be made available to the Borrower by the Administrative Agent crediting such
account as is designated in writing to the Administrative Agent by the Borrower with the aggregate of the amounts made
available to the Administrative Agent by the Revolving Lenders and in like funds as received by the Administrative Agent.

 

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2.6              
Swingline Commitment. Subject to the terms and conditions hereof, the Swingline Lender agrees to make available a portion
of the credit accommodations otherwise available to the Borrower under the Revolving Commitments from time to time during the Revolving
Commitment Period by making swing line loans in Dollars (each a “Swingline Loan” and, collectively, the
 “Swingline Loans”) to the Borrower; provided that (a) the aggregate principal amount of Swingline
Loans outstanding at any time shall not exceed the Swingline Commitment then in effect, (b) the Borrower shall not request,
and the Swingline Lender shall not make, any Swingline Loan if, after giving effect to the making of such Swingline Loan, the aggregate
amount of the Available Revolving Commitments would be less than zero, and (c) the Borrower shall not use the proceeds of
any Swingline Loan to refinance any then outstanding Swingline Loan. During the Revolving Commitment Period, the Borrower may use
the Swingline Commitment by borrowing, repaying and reborrowing, all in accordance with the terms and conditions hereof. Swingline
Loans shall be ABR Loans only. The Borrower shall repay to the Swingline Lender the then unpaid principal amount of each Swingline
Loan on the Revolving Termination Date. The Swingline Lender shall not make a Swingline Loan during the period commencing at the
time it has received notice (by telephone or in writing) from the Administrative Agent at the request of any Lender, acting in
good faith, that one or more of the applicable conditions specified in Section 5.2 (other than Section 5.2(d)) is
not then satisfied and has had a reasonable opportunity to react to such notice and ending when such conditions are satisfied or
duly waived.

 

2.7              
Procedure for Swingline Borrowing; Refunding of Swingline Loans.

 

(a)               
Whenever the Borrower desires that the Swingline Lender make Swingline Loans the Borrower shall give the Swingline Lender
irrevocable telephonic notice (which telephonic notice must be received by the Swingline Lender not later than 12:00 P.M. on the
proposed Borrowing Date) confirmed promptly in writing by a Notice of Borrowing, specifying (i) the amount to be borrowed,
(ii) the requested Borrowing Date (which shall be a Business Day during the Revolving Commitment Period), and (iii) instructions
for the remittance of the proceeds of such Loan. Each borrowing under the Swingline Commitment shall be in an amount equal to $500,000
or a whole multiple of $100,000 in excess thereof. Promptly thereafter, on the Borrowing Date specified in a notice in respect
of Swingline Loans, the Swingline Lender shall make available to the Borrower an amount in immediately available funds equal to
the amount of the Swingline Loan to be made by depositing such amount in the account designated in writing to the Administrative
Agent by the Borrower. Unless a Swingline Loan is sooner refinanced by the advance of a Revolving Loan pursuant to Section 2.7(b),
such Swingline Loan shall be repaid by the Borrower no later than five (5) Business Days after the advance of such Swingline Loan.

 

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(b)                The
Swingline Lender, at any time and from time to time in its sole and absolute discretion may, on behalf of the Borrower (which
hereby irrevocably directs the Swingline Lender to act on its behalf), on one Business Day’s telephonic notice given by
the Swingline Lender no later than 12:00 P.M. and promptly confirmed in writing, request each Revolving Lender to make, and
each Revolving Lender hereby agrees to make, a Revolving Loan, in an amount equal to such Revolving Lender’s Revolving
Percentage of the aggregate amount of such Swingline Loan (each a “Refunded Swingline Loan”)
outstanding on the date of such notice, to repay the Swingline Lender. Each Revolving Lender shall make the amount of such
Revolving Loan available to the Administrative Agent at the Revolving Loan Funding Office in immediately available funds, not
later than 10:00 A.M. one Business Day after the date of such notice. The proceeds of such Revolving Loan shall immediately
be made available by the Administrative Agent to the Swingline Lender for application by the Swingline Lender to the
repayment of the Refunded Swingline Loan. The Borrower irrevocably authorizes the Swingline Lender to charge the
Borrower’s accounts with the Administrative Agent (up to the amount available in each such account) immediately to pay
the amount of any Refunded Swingline Loan to the extent amounts received from the Revolving Lenders are not sufficient to
repay in full such Refunded Swingline Loan.

 

(c)               
If prior to the time that the Borrower has repaid the Swingline Loans pursuant to Section 2.7(a) or a Revolving
Loan has been made pursuant to Section 2.7(b), one of the events described in Section 8.1(f) shall have
occurred or if for any other reason, as determined by the Swingline Lender in its sole discretion, Revolving Loans may not be made
as contemplated by Section 2.7(b), each Revolving Lender shall, on the date such Revolving Loan was to have been made
pursuant to the notice referred to in Section 2.7(b) or on the date requested by the Swingline Lender (with at least
one (1) Business Days’ notice to the Revolving Lenders), purchase for cash an undivided participating interest in the then
outstanding Swingline Loans by paying to the Swingline Lender an amount (the “Swingline Participation Amount”)
equal to (i) such Revolving Lender’s Revolving Percentage times (ii) the sum of the aggregate principal
amount of the outstanding Swingline Loans that were to have been repaid with such Revolving Loans.

 

(d)               
Whenever, at any time after the Swingline Lender has received from any Revolving Lender such Lender’s Swingline Participation
Amount, the Swingline Lender receives any payment on account of the Swingline Loans, the Swingline Lender will distribute to such
Lender its Swingline Participation Amount (appropriately adjusted, in the case of interest payments, to reflect the period of time
during which such Lender’s participating interest was outstanding and funded and, in the case of principal and interest payments,
to reflect such Lender’s pro rata portion of such payment if such payment is not sufficient to pay the principal of and interest
on all Swingline Loans then due); provided that in the event that such payment received by the Swingline Lender is required
to be returned, such Revolving Lender will return to the Swingline Lender any portion thereof previously distributed to it by the
Swingline Lender.

 

(e)               
Each Revolving Lender’s obligation to make the Loans referred to in Section 2.7(b) and to purchase participating
interests pursuant to Section 2.7(c) shall be absolute and unconditional and shall not be affected by any circumstance,
including (i) any setoff, counterclaim, recoupment, defense or other right that such Revolving Lender or the Borrower may
have against the Swingline Lender, the Borrower or any other Person for any reason whatsoever, (ii) the occurrence of a Default
or an Event of Default or the failure to satisfy any of the other conditions specified in Section 5, (iii) any
adverse change in the condition (financial or otherwise) of the Borrower, (iv) any breach of this Agreement or any other Loan
Document by the Borrower, any other Loan Party or any other Revolving Lender, or (v) any other circumstance, happening or
event whatsoever, whether or not similar to any of the foregoing.

 

(f)                 The
Swingline Lender may resign at any time by giving 30 days’ prior notice to the Administrative Agent, the Lenders and
the Borrower. Following such notice of resignation from the Swingline Lender, the Swingline Lender may be replaced at any
time by written agreement among the Borrower, the Administrative Agent, the Required Lenders and the successor Swingline
Lender. After the resignation or replacement of the Swingline Lender hereunder, the retiring Swingline Lender shall remain a
party hereto and shall continue to have all the rights and obligations of the Swingline Lender under this Agreement and the
other Loan Documents with respect to Swingline Loans made by it prior to such resignation or replacement, but shall not be
required or permitted to make any additional Swingline Loans.

 

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2.8              
Overadvances.

 

(a)               
If at any time or for any reason the aggregate amount of the Total Revolving Extensions of Credit exceeds the amount of
the Total Revolving Commitments then in effect (any such excess, an “Overadvance”), the Borrower shall,
if the amount of such Overadvance is (a) equal or greater than $500,000, immediately pay the full amount of such Overadvance
to the Administrative Agent, without notice or demand, or (b) less than $500,000, within one (1) Business Day after the
receipt of a request by the Administrative Agent therefore, pay the full amount of such Overadvance to the Administrative Agent,
in each case, for application against the Revolving Extensions of Credit in accordance with the terms hereof. Any prepayment of
any Revolving Loan that is a Eurodollar Loan hereunder shall be subject to Borrower’s obligation to pay any amounts owing
pursuant to Section 2.21.

 

2.9              
Fees.

 

(a)               
Fee Letter. The Borrower agrees to pay to the Administrative Agent the fees in the amounts and on the dates as set
forth in the Fee Letter and to perform any other obligations contained therein.

 

(b)               
Commitment Fee. As additional compensation for the Revolving Commitments, the Borrower shall pay to the Administrative
Agent for the account of the Lenders, in arrears, on the first day of each calendar quarter of the Borrower prior to the Revolving
Termination Date and on the Revolving Termination Date, a fee (the “Commitment Fee”) for the Borrower’s
non-use of available funds in an amount equal to the Commitment Fee Rate per annum multiplied by the difference between
(x) the Total Revolving Commitments (as they may be reduced or increased from time to time) and (y) the sum of (A) the
average for the period of the daily closing balance of the Revolving Loans outstanding, excluding the aggregate principal amount
of Swingline Loans which shall be deemed to be zero for purposes hereof, (B) the aggregate undrawn amount of all Letters of Credit
outstanding at such time and (C) the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into
Revolving Loans at such time.

 

(c)               
Fees Nonrefundable. All fees payable under this Section 2.9 shall be fully earned on the date paid and nonrefundable.

 

(d)               
Increase in Fees. At any time that an Event of Default exists, upon the request of the Required Lenders, the amount
of any of the foregoing fees due under subsection (b) shall be increased by adding 2.0% per annum thereto.

 

2.10          
Termination or Reduction of Revolving Commitments; Prepayments.

 

The Borrower shall
have the right, without penalty or premium, upon not less than three (3) Business Days’ notice to the Administrative
Agent, to terminate the Revolving Commitments or, from time to time, to reduce the amount of the Revolving Commitments; provided
that no such termination or reduction of the Revolving Commitments shall be permitted if, after giving effect thereto and to
any prepayments of the Revolving Loans and Swingline Loans made on the effective date thereof (which prepayments may be made
without penalty or premium other than any amounts owing (if any) pursuant to Section 2.21), the Total Revolving
Extensions of Credit then outstanding would exceed the Total Revolving Commitments then in effect; provided that if
such notice indicates that such termination or reduction is conditioned on the occurrence of a transaction it may be revoked
if such transaction is not consummated. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple
thereof (or, if the then Total Revolving Commitments are less than $1,000,000, such lesser amount), and shall reduce
permanently the Revolving Commitments then in effect; provided further, if in connection with any such reduction or
termination of the Revolving Commitments a Eurodollar Loan is prepaid on any day other than the last day of the Interest
Period applicable thereto, the Borrower shall also pay any amounts owing (if any) pursuant to Section 2.21. The
Borrower shall have the right, without penalty or premium, upon not less than three (3) Business Days’ notice to the
Administrative Agent, to terminate the L/C Commitments or, from time to time, to reduce the amount of the L/C Commitments; provided
that no such termination or reduction of L/C Commitments shall be permitted if, after giving effect thereto, the Total L/C
Commitments shall be reduced to an amount that would result in the aggregate L/C Exposure exceeding the Total L/C Commitments
(as so reduced). Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof (or, if the then
Total L/C Commitments are less than $1,000,000, such lesser amount), and shall reduce permanently the L/C Commitments then in
effect. The Borrower shall have the right, without penalty or premium other than any amounts owing (if any) pursuant to Section 2.21,
at any time and from time to time to prepay any Loan in whole or in part, upon not less than three (3) Business Days’
notice to the Administrative Agent; provided that if such notice indicates that such prepayment is conditioned on the
occurrence of a transaction it may be revoked if such transaction is not consummated. Upon receipt of any such notice, the
Administrative Agent shall promptly notify each relevant Lender thereof.

 

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2.11          
[Reserved].

 

2.12          
[Reserved].

 

2.13          
Conversion and Continuation Options.

 

(a)               
The Borrower may elect from time to time to convert Eurodollar Loans to ABR Loans by giving the Administrative Agent prior
irrevocable notice in a Notice of Conversion/Continuation of such election no later than 10:00 A.M. on the Business Day preceding
the proposed conversion date; provided that any such conversion of Eurodollar Loans may only be made on the last day of
an Interest Period with respect thereto. The Borrower may elect from time to time to convert ABR Loans to Eurodollar Loans by giving
the Administrative Agent prior irrevocable notice in a Notice of Conversion/Continuation of such election no later than 10:00 A.M.
on the third Business Day preceding the proposed conversion date (which notice shall specify the length of the initial Interest
Period therefor); provided that no ABR Loan may be converted into a Eurodollar Loan when any Event of Default has occurred
and is continuing. Upon receipt of any such notice, the Administrative Agent shall promptly notify each relevant Lender thereof.

 

(b)               
Any Eurodollar Loan may be continued as such upon the expiration of the then current Interest Period with respect thereto
by the Borrower giving irrevocable notice in a Notice of Conversion/Continuation to the Administrative Agent, in accordance with
the applicable provisions of the term “Interest Period” set forth in Section 1.1, of the length of the
next Interest Period to be applicable to such Loans; provided that no Eurodollar Loan may be continued as such when any
Event of Default has occurred and is continuing; provided further that if the Borrower shall fail to give any required notice
as described above in this paragraph or if such continuation is not permitted pursuant to the preceding proviso, such Loans shall
be automatically converted to ABR Loans on the last day of such then expiring Interest Period. Upon receipt of any such notice
the Administrative Agent shall promptly notify each relevant Lender thereof.

 

2.14           Limitations
on Eurodollar Tranches. Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions and
continuations of Eurodollar Loans and all selections of Interest Periods shall be in such amounts and be made pursuant to
such elections so that, (a) after giving effect thereto, the aggregate principal amount of the Eurodollar Loans comprising
each Eurodollar Tranche shall be equal to $1,000,000 or a whole multiple of $100,000 in excess thereof, and (b) no more than
seven (7) Eurodollar Tranches shall be outstanding at any one time.

 

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2.15          
Interest Rates and Payment Dates.

 

(a)               
Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum
equal to (i) the Eurodollar Rate determined for such day plus (ii) the Applicable Margin.

 

(b)               
Each ABR Loan (including any Swingline Loan) shall bear interest at a rate per annum equal to (i) the ABR plus (ii)
the Applicable Margin.

 

(c)               
During the continuance of an Event of Default, at the request of the Required Lenders, all outstanding Loans shall bear
interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions
of this Section plus 2.00% (the “Default Rate”); provided that the Default Rate shall apply
to all outstanding Loans automatically and without any Required Lender consent therefor upon the occurrence of any Event of Default
arising under Section 8.1(a) or (f).

 

(d)               
Interest shall be payable in arrears on each Interest Payment Date; provided that interest accruing pursuant to Section 2.15(c)
shall be payable from time to time on demand.

 

2.16          
Computation of Interest and Fees.

 

(a)               
Interest and fees payable pursuant hereto shall be calculated on the basis of a 360-day year for the actual days elapsed,
except that, with respect to ABR Loans the rate of interest on which is calculated on the basis of the Prime Rate (or, as applicable,
on the basis of the Eurodollar Rate or Federal Funds Effective Rate), the interest thereon shall be calculated on the basis of
a 365- (or 366-, as the case may be) day year for the actual days elapsed. The Administrative Agent shall as soon as practicable
notify the Borrower and the relevant Lenders of each determination of a Eurodollar Rate (and, as applicable, of the determination
of the Eurodollar Rate applicable to an ABR Loan). Any change in the interest rate on a Loan resulting from a change in the ABR
or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes
effective. The Administrative Agent shall as soon as practicable notify the Borrower and the relevant Lenders of the effective
date and the amount of each such change in interest rate.

 

(b)               
Each determination of an interest rate by the Administrative Agent pursuant to any provision of this Agreement shall be
conclusive and binding on the Borrower and the Lenders in the absence of manifest error. The Administrative Agent shall, at the
request of the Borrower, deliver to the Borrower a statement showing the quotations used by the Administrative Agent in determining
any interest rate pursuant to Section 2.16(a).

 

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2.17          
Inability to Determine Interest Rate.

 

(a)                If
prior to the first day of any Interest Period, or as applicable, on any day on which an ABR Loan bearing interest determined
by reference to the Eurodollar Rate is outstanding), the Administrative Agent or the Required Lenders shall have determined
(which determination shall be conclusive and binding upon the Borrower) in connection with any request for a Eurodollar Loan,
a request for an ABR Loan to bear interest with reference to the Eurodollar Rate, or a conversion to or a continuation of
either of the foregoing that, by reason of circumstances affecting the relevant market, (i) Dollar deposits are not being
offered to banks in the London interbank market for the applicable amount and Interest Period of such requested Loan or
conversion or continuation, as applicable, (ii) adequate and reasonable means do not exist for ascertaining the Eurodollar
Rate for such Interest Period, or (iii) the Eurodollar Rate determined or to be determined for such Interest Period will not
adequately and fairly reflect the cost to such Lenders (as conclusively certified by such Lenders) of making or maintaining
their affected Loans during such Interest Period, then, in any such case (i), (ii) or (iii), the Administrative Agent shall
promptly notify the Borrower and the relevant Lenders thereof as soon as practicable thereafter. Any such determination shall
specify the basis for such determination and shall, in the absence of manifest error, be conclusive and binding for all
purposes. Thereafter, (w) any Eurodollar Loans under the relevant Facility requested to be made on the first day of such
Interest Period shall be made as ABR Loans, (x) any such requested ABR Loans which were to have utilized a Eurodollar Rate
component in determining the ABR shall not utilize a Eurodollar Rate component in determining the ABR applicable to such
requested ABR Loan, (y) any Loans under the relevant Facility that were to have been converted on the first day of such
Interest Period to Eurodollar Loans shall be continued as ABR Loans and (z) any outstanding Eurodollar Loans under the
relevant Facility shall be converted, on the last day of the then-current Interest Period, to ABR Loans. Until such notice
has been withdrawn by the Administrative Agent, no further Eurodollar Loans under the relevant Facility shall be made or
continued as such, nor shall the Borrower have the right to convert Loans under the relevant Facility to Eurodollar Loans,
and the utilization of the Eurodollar Rate component in determining the ABR shall be suspended.

 

(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 (x) if a Benchmark Replacement is determined in
accordance with clause (1) or (2) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date,
such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of such
Benchmark setting and subsequent Benchmark settings without any amendment to, or further action or consent of any other party to,
this Agreement or any other Loan Document and (y) if a Benchmark Replacement is determined in accordance with clause (3) 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.

 

(d)                Notices;
Standards for Decisions and Determinations. The Administrative Agent will promptly notify the Borrower 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 (d) 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 2.17,
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
2.17.

 

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(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), (i) if the then current Benchmark is
a term rate (including Term SOFR or LIBOR) and either (A) any tenor for such Benchmark is not displayed on a screen or other information
service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion or (B)
the 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 the 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 (ii) if a tenor that was removed pursuant to clause (i) above either (A) is subsequently displayed on a screen or information
service for a Benchmark (including a Benchmark Replacement) or (B) is not, or is no longer, subject to an announcement that it
is or will no longer be representative for a Benchmark (including a Benchmark Replacement), then the 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’s receipt of notice of the commencement of a Benchmark Unavailability
Period, the Borrower may revoke any request for a borrowing of, conversion to or continuation of Eurodollar Loans to be made, converted
or continued during any Benchmark Unavailability Period and, failing that, the Borrower will be deemed to have converted any such
request into a request for a borrowing of or conversion to ABR 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 ABR based upon the then-current Benchmark
or such tenor for such Benchmark, as applicable, will not be used in any determination of ABR.

 

(g)               
Exculpation. The Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability
with respect to, the administration, submission or any other matter related to LIBOR, other rates in the definition of “Eurodollar
Rate” or with respect to any alternative or successor rate thereto, or replacement rate thereof (including, without limitation,
(i) any such alternative, successor or replacement rate implemented pursuant to this Section 2.17, whether upon the occurrence
of a Benchmark Transition Event or an Early Opt-in Election, and (ii) the implementation of any Benchmark Replacement Conforming
Changes, including without limitation, whether the composition or characteristics of any such alternative, successor or replacement
reference rate will be similar to, or produce the same value or economic equivalence of, the Eurodollar Rate or have the same volume
or liquidity as did the London interbank offered rate prior to its discontinuance or unavailability).

 

2.18          
Pro Rata Treatment and Payments.

 

(a)               
Each borrowing by the Borrower from the Lenders hereunder, each payment by the Borrower on account of any commitment fee
and any reduction of the Commitments shall be made pro rata according to the respective L/C Percentages or Revolving Percentages,
as the case may be, of the relevant Lenders.

 

(b)               
[Reserved]

 

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(c)               
 Each payment (including each prepayment) by the Borrower on account of principal of and interest on the Revolving Loans
shall be made pro rata according to the respective outstanding principal amounts of the Revolving Loans then held by the
Revolving Lenders.

 

(d)               
All payments (including prepayments) to be made by the Borrower hereunder, whether on account of principal, interest, fees
or otherwise, shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff and shall be made
prior to 10:00 A.M. on the due date thereof to the Administrative Agent, for the account of the Lenders, at the applicable Funding
Office, in Dollars and in immediately available funds. The Administrative Agent shall distribute such payments to the Lenders promptly
upon receipt in like funds as received. Any payment received by the Administrative Agent after 10:00 A.M. shall be deemed received
on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. If any payment hereunder (other
than payments on the Eurodollar Loans) becomes due and payable on a day other than a Business Day, such payment shall be extended
to the next succeeding Business Day. If any payment on a Eurodollar Loan becomes due and payable on a day other than a Business
Day, the maturity thereof shall be extended to the next succeeding Business Day unless the result of such extension would be to
extend such payment into another calendar month, in which event such payment shall be made on the immediately preceding Business
Day. In the case of any extension of any payment of principal pursuant to the preceding two sentences, interest thereon shall be
payable at the then applicable rate during such extension.

 

(e)               
Unless the Administrative Agent shall have been notified in writing by any Lender prior to the proposed date of any borrowing
that such Lender will not make the amount that would constitute its share of such borrowing available to the Administrative Agent,
the Administrative Agent may assume that such Lender has made such amount available to the Administrative Agent on such date in
accordance with Section 2, and the Administrative Agent may, in reliance upon such assumption, make available to the
Borrower a corresponding amount. If such amount is not in fact made available to the Administrative Agent by the required time
on the Borrowing Date therefor, such Lender and the Borrower severally agree to pay to the Administrative Agent forthwith, on demand,
such corresponding amount with interest thereon, for each day from and including the date on which such amount is made available
to the Borrower but excluding the date of payment to the Administrative Agent, at (i) in the case of a payment to be made
by such Lender, a rate equal to the greater of (A) the Federal Funds Effective Rate and (B) a rate determined by the
Administrative Agent in accordance with banking industry rules on interbank compensation, and (ii) in the case of a payment
to be made by the Borrower, the rate per annum applicable to ABR Loans under the relevant Facility. If the Borrower and such Lender
shall pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly
remit to the Borrower the amount of such interest paid by the Borrower for such period. If such Lender pays its share of the applicable
borrowing to the Administrative Agent, then the amount so paid shall constitute such Lender’s Loan included in such borrowing.
Any payment by the Borrower shall be without prejudice to any claim the Borrower may have against a Lender that shall have failed
to make such payment to the Administrative Agent.

 

(f)                 Unless
the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to the
Administrative Agent for the account of the Lenders or the Issuing Lender hereunder that the Borrower will not make such
payment, the Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and
may, in reliance upon such assumption, distribute to the Lenders or the Issuing Lender, as the case may be, the amount due.
In such event, if the Borrower has not in fact made such payment, then each of the Lenders or the Issuing Lender, as the case
may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or
Issuing 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 the Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate
determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. Nothing herein
shall be deemed to limit the rights of Administrative Agent or any Lender against any Loan Party.

 

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(g)               
If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the
foregoing provisions of this Section 2, and such funds are not made available to the Borrower by the Administrative Agent
because the conditions to the applicable extension of credit set forth in Section 5.1 or Section 5.2 are not satisfied
or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from
such Lender) to such Lender, without interest.

 

(h)               
The obligations of the Lenders hereunder to (i) make Revolving Loans, (ii) fund its participations in L/C Disbursements
in accordance with its respective L/C Percentage, (iii) fund its respective Swingline Participation Amount of any Swingline Loan,
and (iv) make payments pursuant to Section 9.7, as applicable, are several and not joint. The failure of any Lender to make
any such Loan, to fund any such participation or to make any such payment under Section 9.7 on any date required hereunder
shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for
the failure of any other Lender to so make its Loan, to purchase its participation or to make its payment under Section 9.7.

 

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

 

(j)                
If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of
principal, interest and fees then due hereunder, such funds shall be applied (i) first, toward payment of interest and fees
and Overadvances then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and
fees and Overadvances then due to such parties, and (ii) second, toward payment of principal then due hereunder, ratably
among the parties entitled thereto in accordance with the amounts of principal then due to such parties.

 

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(k)                If
any Lender shall obtain any payment (whether voluntary, involuntary, through the exercise of any right of set-off, or
otherwise) on account of the principal of or interest on any Loan made by it, its participation in the L/C Exposure or other
obligations hereunder, as applicable (other than pursuant to a provision hereof providing for non-pro rata treatment), in
excess of its Revolving Percentage or L/C Percentage, as applicable, of such payment on account of the Loans or
participations obtained by all of the Lenders, such Lender shall (a) notify the Administrative Agent of the receipt of
such payment, and (b) within five (5) Business Days of such receipt purchase (for cash at face value) from the
other Revolving Lenders or L/C Lenders, as applicable (through the Administrative Agent), without recourse, such
participations in the Revolving Loans made by them and/or participations in the L/C Exposure held by them, as applicable, or
make such other adjustments as shall be equitable, as shall be necessary to cause such purchasing Lender to share the excess
payment ratably with each of the other Lenders in accordance with their respective Revolving Percentages or L/C Percentages,
as applicable; provided, however, 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 clause (k) shall not be construed to
apply to (x) any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement
(including the application of funds arising from the existence of a Defaulting Lender) or (y) any payment obtained by a
Lender as consideration for the assignment or sale of a participation in any of its Loans or participations in L/C
Disbursements to any assignee or participant, other than to the Borrower or any of its Affiliates (as to which the provisions
of this clause (k) shall apply). The Borrower agrees that any Lender so purchasing a participation from another Lender
pursuant to this Section 2.18(k) may exercise all its rights of payment (including the right of set-off) with
respect to such participation as fully as if such Lender were the direct creditor of the Borrower in the amount of such
participation. No documentation other than notices and the like referred to in this Section 2.18(k) shall be
required to implement the terms of this Section 2.18(k). The Administrative Agent shall keep records (which shall
be conclusive and binding in the absence of manifest error) of participations purchased pursuant to this Section 2.18(k) and
shall in each case notify the Revolving Lenders or the L/C Lenders, as applicable, following any such purchase. The
provisions of this Section 2.18(k) shall not be construed to apply to (i) any payment made by or on behalf
of the Borrower pursuant to and in accordance with the express terms of this Agreement (including the application of funds
arising from the existence of a Defaulting Lender), (ii) the application of Cash Collateral provided for in Section 3.10,
or (iii) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of
its Loans or sub-participations in any L/C Exposure to any assignee or participant, other than an assignment to the Borrower
or any Affiliate thereof (as to which the provisions of this Section 2.18(k) shall apply). The Borrower consents
on behalf of itself and each other Loan Party 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 each
Loan Party rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct
creditor of each Loan Party in the amount of such participation. For the avoidance of doubt, no amounts received by the
Administrative Agent or any Lender from any Guarantor that is not a Qualified ECP Guarantor shall be applied in partial or
complete satisfaction of any Excluded Swap Obligations.

 

(l)                
Notwithstanding anything to the contrary in this Agreement, the Administrative Agent may, in its discretion at any time
or from time to time, without the Borrower’s request and even if the conditions set forth in Section 5.2 would
not be satisfied, make a Revolving Loan in an amount equal to the portion of the Obligations constituting overdue interest and
fees and Swingline Loans from time to time due and payable to itself, any Revolving Lender, the Swingline Lender or the Issuing
Lender, and apply the proceeds of any such Revolving Loan to those Obligations; provided that after giving effect to any
such Revolving Loan, the aggregate outstanding Revolving Loans will not exceed the Total Revolving Commitments then in effect.

 

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2.19          
Illegality; Requirements of Law.

 

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

 

(b)               
Requirements of Law. If the adoption of or any change in any Requirement of Law or in the administration, interpretation,
implementation or application thereof by any Governmental Authority, or the making or issuance of any request, rule, guideline
or directive (whether or not having the force of law) by any Governmental Authority made subsequent to the date hereof:

 

(i)               shall
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;

 

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

 

(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 Loans
determined with reference to the Eurodollar Rate or of maintaining its obligation to make such Loans, or to increase the cost to
such Lender or such other Recipient of issuing, maintaining or participating in Letters 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 receivable or received by such Lender or
other Recipient hereunder in respect thereof (whether of principal, interest or any other amount), then, in any such case, upon
the request of such Lender or other Recipient, the Borrower will promptly pay such Lender or other Recipient, as the case may be,
any additional amount or amounts necessary to compensate such Lender or other Recipient, as the case may be, for such additional
costs incurred or reduction suffered. If any Lender becomes entitled to claim any additional amounts pursuant to this paragraph,
it shall promptly notify the Borrower (with a copy to the Administrative Agent) of the event by reason of which it has become so
entitled.

 

(c)               
If any Lender determines that any change in any Requirement of 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 Swingline Loans
held by, such Lender, or the Letters of Credit issued by the Issuing Lender, to a level below that which such Lender or such Lender’s
holding company could have achieved but for such change in such Requirement of Law (taking into consideration such Lender’s
policies and the policies of such Lender’s holding company with respect to capital adequacy), then from time to time the
Borrower will pay to such Lender or the Issuing Lender, as the case may be, such additional amount or amounts as will compensate
such Lender or the Issuing Lender or such Lender’s or Issuing Lender’s holding company for any such reduction suffered.

 

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(d)               
 For purposes of this Agreement, (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 United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each
case (i) and (ii) be deemed to be a change in any Requirement of Law, regardless of the date enacted, adopted or issued.

 

(e)               
A certificate as to any additional amounts payable pursuant to paragraphs (b), (c), or (d) of this Section submitted
by any Lender to the Borrower (with a copy to the Administrative Agent) shall be conclusive in the absence of manifest error. The
Borrower shall pay such Lender the amount shown as due on any such certificate within 10 days after receipt thereof. Failure or
delay on the part of any Lender to demand compensation pursuant to this Section shall not constitute a waiver of such Lender’s
right to demand such compensation. Notwithstanding anything to the contrary in this Section 2.19, the Borrower shall
not be required to compensate a Lender pursuant to this Section 2.19 for any amounts incurred more than nine months
prior to the date that such Lender notifies the Borrower of the change in the Requirement of Law giving rise to such increased
costs or reductions, and of such Lender’s intention to claim compensation therefor; provided that if the circumstances
giving rise to such claim have a retroactive effect, then such nine-month period shall be extended to include the period of such
retroactive effect. The obligations of the Borrower arising pursuant to this Section 2.19 shall survive the Discharge
of Obligations and the resignation of the Administrative Agent.

 

2.20          
Taxes.

 

For purposes of this
Section 2.20, the term “Lender” includes the Issuing Lender and the term “applicable law” includes
FATCA.

 

(a)               
Payments 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, and the Borrower shall,
and shall cause each other Loan Party, to comply with the requirements set forth in this Section 2.20. 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 2.20) the applicable Recipient receives an amount equal to the sum it would have received
had no such deduction or withholding been made.

 

(b)               
Payment of Other Taxes. Each of Holdings and the Borrower shall, and each of Holdings and the Borrower shall cause
each other Loan Party to, timely pay to the relevant Governmental Authority in accordance with applicable law, or at the option
of the Administrative Agent timely reimburse it for the payment of, any Other Taxes applicable to such Loan Party.

 

(c)               
Evidence of Payments. As soon as practicable after any payment of Taxes by any Loan Party to a Governmental Authority
pursuant to this Section 2.20, the Borrower shall, or shall cause such other Loan Party to, deliver to the Administrative
Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the
return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent.

 

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(d)               
 Indemnification by Loan Parties. The Borrower shall, and shall cause each other Loan Party to, 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 2.20) payable or paid
by such Recipient or required to be withheld or deducted from a payment to such Recipient and any reasonable expenses arising therefrom
or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental
Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender (with a copy to the
Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest
error.

 

(e)               
Indemnification by Lenders. Each Lender shall severally indemnify the Administrative Agent, within ten (10)
days after demand therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that any Loan
Party has not already indemnified the 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 10.6
relating to the maintenance of a Participant Register and (iii) any Excluded Taxes attributable to such Lender, in each case,
that are payable or paid by the Administrative Agent in connection with any Loan Document, and any reasonable expenses arising
therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental
Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall
be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts
at any time owing to such Lender under any Loan Document or otherwise payable by the Administrative Agent to the Lender from any
other source against any amount due to the Administrative Agent under this Section 2.20(e).

 

(f)                
Status of Lenders.

 

(i)                
Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any
Loan Document shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower
or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrower or the Administrative
Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender,
if reasonably requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable
law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent
to determine whether or not such Lender is subject to backup withholding or information reporting requirements. Notwithstanding
anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other
than such documentation set forth in Sections 2.20(f)(ii)(A), (ii)(B) and (ii)(D) below) shall not be required
if the Lender is not legally entitled to complete, execute or deliver such documentation or, in the Lender’s reasonable judgment,
such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially
prejudice the legal or commercial position of such Lender.

 

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

 

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

 

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

 

(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 originals of IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable
(or any successor form) establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest”
article of such tax treaty and (y) with respect to any other applicable payments under any Loan Document, IRS Form W-8BEN
or IRS Form W-8BEN-E, as applicable (or any successor form) 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 F-1 to the effect that such Foreign Lender is not a “bank”
within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of the Borrower within the meaning
of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the
Code (a “U.S. Tax Compliance Certificate”) and (y) executed copies of IRS Form W-8BEN or IRS Form W-8BEN-E,
as applicable (or any successor form); 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, as applicable (or any successor form), a U.S. Tax Compliance Certificate substantially
in the form of Exhibit F-2 or Exhibit F-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 F-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 and the Administrative
Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes
a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative
Agent), executed copies of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in
U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable
law to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made; and

 

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

 

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(iii)            
Each Lender agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in
any respect, it shall update such form or certification or promptly notify the Borrower and the Administrative Agent in writing
of its legal inability to do so. Each Foreign Lender shall promptly notify the Borrower at any time it determines that it is no
longer in a position to provide any previously delivered certificate to the Borrower (or any other form of certification adopted
by the U.S. taxing authorities for such purpose).

 

(g)               
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 2.20 (including by the
payment of additional amounts pursuant to this Section 2.20), it shall pay to the indemnifying party an amount equal
to such refund (but only to the extent of indemnity payments made under this Section with respect to the Taxes giving rise
to such refund), net of all out-of-pocket expenses (including Taxes) of such indemnified party and without interest (other than
any interest paid by the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon the request
of such indemnified party, shall repay to such indemnified party the amount paid over pursuant to this Section 2.20(g) (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 2.20(g),
in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this Section 2.20(g)
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 paragraph 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.

 

(h)               
Survival. Each party’s obligations under this Section 2.20 shall survive the resignation or replacement
of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender and the Discharge of Obligations.

 

2.21           Indemnity.
The Borrower agrees to indemnify each Lender for, and to hold each Lender harmless from, any loss or expense that such Lender
may sustain or incur as a consequence of (a) a default by the Borrower in making a borrowing of, conversion into or
continuation of Eurodollar Loans after the Borrower has given a notice requesting the same in accordance with the provisions
of this Agreement, (b) a default by the Borrower in making any prepayment of or conversion from Eurodollar Loans after the
Borrower has given a notice thereof in accordance with the provisions of this Agreement, or (c) for any reason, the making of
a prepayment of Eurodollar Loans on a day that is not the last day of an Interest Period with respect thereto. Such losses
and expenses shall be equal to the excess, if any, of (i) the amount of interest that would have accrued on the amount so
prepaid, or not so borrowed, reduced, converted or continued, for the period from the date of such prepayment or of such
failure to borrow, reduce, convert or continue to the last day of such Interest Period (or, in the case of a failure to
borrow, reduce, convert or continue, the Interest Period that would have commenced on the date of such failure) in each case
at the applicable rate of interest or other return for such Loans provided for herein (excluding, however, the Applicable
Margin included therein, if any), over (ii) the amount of interest (as reasonably determined by such Lender) that would have
accrued to such Lender on such amount by placing such amount on deposit for a comparable period with leading banks in the
interbank eurodollar market. A certificate as to any amounts payable pursuant to this Section submitted to the Borrower
by any Lender shall be conclusive in the absence of manifest error. This covenant shall survive the Discharge of
Obligations.

 

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2.22          
Change of Lending Office. Each Lender agrees that, upon the occurrence of any event giving rise to the operation of
Section 2.19(b), Section 2.19(c), Section 2.20(a), Section 2.20(b) or Section 2.20(d)
with respect to such Lender, it will, if requested by the Borrower, use reasonable efforts to designate a different lending office
for funding or booking its Loans affected by such event 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 2.19 or 2.20, 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; provided that nothing
in this Section shall affect or postpone any of the obligations of the Borrower or the rights of any Lender pursuant to Section 2.19(b),
Section 2.19(c), Section 2.20(a), Section 2.20(b) or Section 2.20(d). The Borrower
hereby agrees to pay all reasonable and documented costs and expenses incurred by any Lender in connection with any such designation
or assignment made at the request of the Borrower.

 

2.23          
Substitution of Lenders. Upon the receipt by the Borrower of any of the following (or in the case of clause (a) below,
if the Borrower is required to pay any such amount), with respect to any Lender (any such Lender described in clauses (a)
through (c) below being referred to as an “Affected Lender” hereunder):

 

(a)               
a request from a Lender for payment of Indemnified Taxes or additional amounts under Section 2.20 or of increased
costs pursuant to Section 2.19(b) or Section 2.19(c) (and, in any such case, such Lender has declined or is unable
to designate a different lending office in accordance with Section 2.22 or is a Non-Consenting Lender);

 

(b)               
a notice from the Administrative Agent under Section 10.1(b) that one or more Minority Lenders are unwilling
to agree to an amendment or other modification approved by the Required Lenders and the Administrative Agent; or

 

(c)               
a notice from the Administrative Agent that a Lender is a Defaulting Lender;

 

then the Borrower may, at its sole
expense and effort, upon notice to the Administrative Agent and such Affected Lender: (i) request that one or more of
the other Lenders acquire and assume all or part of such Affected Lender’s Loans and Commitment; or (ii) designate
a replacement lending institution (which shall be an Eligible Assignee) to acquire and assume all or a ratable part of such
Affected Lender’s Loans and Commitment (the replacing Lender or lender in (i) or (ii) being a
 “Replacement Lender”); provided, however, that the Borrower shall be liable for the
payment upon demand of all costs and other amounts arising under Section 2.21 that result from the acquisition of
any Affected Lender’s Loan and/or Commitment (or any portion thereof) by a Lender or Replacement Lender, as the case
may be, on a date other than the last day of the applicable Interest Period with respect to any Eurodollar Loans then
outstanding. The Affected Lender replaced pursuant to this Section 2.23 shall be required to assign and delegate,
without recourse, all of its interests, rights and obligations under this Agreement and the related Loan Documents to one or
more Replacement Lenders that so agree to acquire and assume all or a ratable part of such Affected Lender’s Loans and
Commitment upon payment to such Affected Lender of an amount (in the aggregate for all Replacement Lenders) equal to 100% of
the outstanding principal of the Affected Lender’s Loans, accrued interest thereon, accrued fees and all other amounts
payable to it hereunder and under the other Loan Documents from such Replacement Lenders (to the extent of such outstanding
principal and accrued interest and fees) or the Borrower (in the case of all other amounts, including amounts under Section 2.21
hereof). Any such designation of a Replacement Lender shall be effected in accordance with, and subject to the terms and
conditions of, the assignment provisions contained in Section 10.6 (with the assignment fee to be paid by the
Borrower in such instance), provided that if such Affected Lender does not comply with Section 10.6 within ten (10) Business
Days after the Borrower’s request, the Administrative Agent is authorized to execute the Assignment and Assumption on
behalf of such Affected Lender. Notwithstanding the foregoing, with respect to any assignment pursuant to this Section
2.23, (a) in the case of any such assignment resulting from a claim for compensation under Section 2.19 or
payments required to be made pursuant to Section 2.20, such assignment shall result in a reduction in such
compensation or payments thereafter; (b) such assignment shall not conflict with applicable law and (c) in the case
of any assignment resulting from a Lender being a Minority Lender referred to in clause (b) of this Section 2.23,
the applicable assignee shall have consented to the applicable amendment, waiver or consent. Notwithstanding the foregoing,
an Affected Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver
by such Affected Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation
cease to apply.

 

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2.24          
Defaulting Lenders.

 

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

 

(i)        Waivers
and Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect
to this Agreement shall be restricted as set forth in Section 10.1 and in the definition of Required Lenders.

 

(ii)       Defaulting
Lender Waterfall. Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the
account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Section 8 or
otherwise, and including any amounts made available to the Administrative Agent by such Defaulting Lender pursuant to Section 10.7),
shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the
payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder; second, to the payment
on a pro rata basis of any amounts owing by such Defaulting Lender to the Issuing Lender or to the Swingline Lender
hereunder; third, to be held as Cash Collateral for the funding obligations of such Defaulting Lender of any
participation in any Letter of Credit; fourth, as the Borrower may request (so long as no Default or Event of Default
exists), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as
required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative
Agent and the Borrower, to be held in a Deposit Account and released pro rata to (x) satisfy such Defaulting
Lender’s potential future funding obligations with respect to Loans under this Agreement, and (y) be held as Cash
Collateral for the future funding obligations of such Defaulting Lender of any participation in any future Letter of Credit; sixth,
to the payment of any amounts owing to any L/C Lender, Issuing Lender or Swingline Lender as a result of any judgment of a
court of competent jurisdiction obtained by any L/C Lender, Issuing Lender or Swingline 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 has occurred and is continuing, to the payment of any amounts owing to the Borrower as a result
of any judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting Lender as a result of
such Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to such Defaulting Lender
or as otherwise directed by a court of competent jurisdiction; provided that if (A) such payment is a payment of
the principal amount of any Loans or L/C Advances in respect of which such Defaulting Lender has not fully funded its
appropriate share and (B) such Loans or L/C Advances were made at a time when the conditions set forth in Section 5.2 were
satisfied or waived, such payment shall be applied solely to pay the Loans of, and L/C Advances 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 Advances owed to, such
Defaulting Lender until such time as all Loans and funded and unfunded participations in L/C Advances and Swingline Loans are
held by the Lenders pro rata in accordance with the Commitments under the applicable Facility without giving effect to Section
2.24(a)(iv). Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held)
to pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to this Section 2.24(a)(ii) shall
be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto.

 

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(iii)       Certain
Fees.

 

(A)             
No Defaulting Lender shall be entitled to receive any fee pursuant to Section 2.9(b) for any period during which
such Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required
to have been paid to such Defaulting Lender).

 

(B)              
Each Defaulting Lender shall be limited in its right to receive Letter of Credit Fees as provided in Section 3.3(d).

 

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

 

(iv)       Reallocation
of Pro Rata Share to Reduce Fronting Exposure. During any period in which there is a Defaulting Lender, for purposes of computing
the amount of the obligation of each Non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit pursuant
to Section 3.4 or in Swingline Loans pursuant to Section 2.7(c), the L/C Percentage of each Non-Defaulting
Lender of any such Letter of Credit and the Revolving Percentage of each Non-Defaulting Lender of any such Swingline Loan, as the
case may be, shall be computed without giving effect to the Revolving Commitment of such Defaulting Lender; provided that
the aggregate obligations of each Non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit and Swingline
Loans shall not exceed the positive difference, if any, of (A) the Revolving Commitment of that Non-Defaulting Lender minus
(B) the aggregate outstanding amount of the Revolving Loans of that Lender plus the aggregate amount of that Lender’s
L/C Percentage of then outstanding Letters of Credit. Subject to Section 10.21, no reallocation hereunder shall constitute
a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting
Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following
such reallocation.

 

(v)       Cash
Collateral, Repayment of Swingline Loans. If the reallocation described in clause (iv) above cannot, or can only partially,
be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under law, (x) first,
prepay Swingline Loans in an amount equal to the Swingline Lender’s Fronting Exposure and (y) second, Cash Collateralize
the Issuing Lender’s Fronting Exposure in accordance with the procedures set forth in Section 3.10.

 

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(b)                Defaulting
Lender Cure. If the Borrower, the Administrative Agent, the Swingline Lender and the Issuing Lender agree in writing that
a Lender is no longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the
effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements with
respect to any Cash Collateral), such Lender will, to the extent applicable, purchase at par that portion of outstanding
Loans of the other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the
Loans and funded and unfunded participations in Letters of Credit and Swingline Loans to be held on a pro rata basis
by the Lenders in accordance with their respective Revolving Percentages and L/C Percentages, as applicable (without giving
effect to Section 2.24(a)(iv)), whereupon such Lender will cease to be a Defaulting Lender; provided that
no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while
such Lender was a Defaulting Lender; and provided further that, except to the extent otherwise expressly agreed by the
affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of
any party hereunder arising from such Lender having been a Defaulting Lender.

 

(c)               
New Swingline Loans/Letters of Credit. So long as any Lender is a Defaulting Lender, (i) the Swingline Lender
shall not be required to fund any Swingline Loans unless it is satisfied that it will have no Fronting Exposure after giving effect
to such Swingline Loan, and (ii) the Issuing Lender shall not be required to issue, extend, renew or increase any Letter of
Credit unless it is satisfied that it will have no Fronting Exposure in respect of Letters of Credit after giving effect thereto.

 

(d)               
Termination of Defaulting Lender. The Borrower may terminate the unused amount of the Revolving Commitment of any
Revolving Lender that is a Defaulting Lender upon not less than ten Business Days’ prior notice to the Administrative Agent
(which shall promptly notify the Lenders thereof), and in such event the provisions of Section 2.24(a)(ii) will apply to
all amounts thereafter paid by the Borrower for the account of such Defaulting Lender under this Agreement (whether on account
of principal, interest, fees, indemnity or other amounts); provided that (i) no Event of Default shall have occurred
and be continuing, and (ii) such termination shall not be deemed to be a waiver or release of any claim the Borrower, the
Administrative Agent, the Issuing Lender, the Swingline Lender or any other Lender may have against such Defaulting Lender.

 

2.25          
[Reserved].

 

2.26          
Notes. If so requested by any Lender by written notice to the Borrower (with a copy to the Administrative Agent), the
Borrower shall execute and deliver to such Lender (and/or, if applicable and if so specified in such notice, to any Person who
is an assignee of such Lender pursuant to Section 10.6) (promptly after the Borrower’s receipt of such notice)
a Note or Notes to evidence such Lender’s Loans.

 

2.27          
Incremental Facility.

 

(a)                At
any time during the Revolving Commitment Period, the Borrower may request from time to time from one or more existing Lenders
or from other Eligible Assignees reasonably acceptable to the Administrative Agent, the Issuing Lender, the Swingline Lender
and the Borrower (but subject to the conditions set forth in clause (b) below) that the Total Revolving Commitments be
increased by an amount not to exceed the Available Revolving Increase Amount (each such increase, an
 “Increase”); provided that the Borrower may not request an Increase on more than five occasions
during the Revolving Commitment Period. No Lender shall be obligated to increase its Revolving Commitments in connection with
a proposed Increase. The Administrative Agent shall invite each Lender to provide a portion of the Increase ratably in
accordance with its Revolving Percentage of each requested Increase (it being agreed that no Lender shall be obligated to
provide an Increase and that any Lender may elect to participate in such Increase in an amount that is less than its
Revolving Percentage of such requested Increase or more than its Revolving Percentage of such requested Increase if other
Lenders have elected not to participate in any applicable requested Increase in accordance with their Revolving Percentage)
and to the extent, five (5) Business Days after receipt of invitation, sufficient Lenders do not agree to provide the full
amount of such Increase, then the Administrative Agent may invite any prospective lender that satisfies the criteria of being
an “Eligible Assignee” to become a Lender in connection with the proposed Increase. Any Increase shall be in an
amount of at least $5,000,000 (or, if the Available Revolving Increase Amount is less than $5,000,000, such remaining
Available Revolving Increase Amount) and integral multiples of $1,000,000 in excess thereof. Additionally, for the avoidance
of doubt, it is understood and agreed that in no event shall the aggregate amount of the Increases to the Revolving
Commitments exceed the Available Revolving Increase Amount during the term of the Agreement. Each request for an Increase
delivered by the Borrower to the Administrative Agent shall set forth the amount and proposed terms of the Increase.

 

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(b)               
Each of the following shall be conditions precedent to any Increase of the Revolving Commitments in connection therewith:

 

(i)              
any Increase shall be on the same terms (including the interest rate, and maturity date), as applicable, as, and pursuant
to documentation applicable to, the Revolving Facility then in effect; provided that any such Increase may provide for terms
(including interest rate) more favorable to such Increase lenders, if any existing Revolving Loans and existing Commitment at the
time of such Increase are also provided the benefit of such more favorable terms (and the consent of any existing Revolving Lender
shall not be required to implement such terms); provided, further, that any fees shall be agreed between the Borrower
and the lenders providing such Increase;

 

(ii)            
the Borrower shall have delivered a written request for such Increase at least ten (10) Business Days prior to the requested
establishment of such Increase (or such later date as may be reasonably approved by the Administrative Agent), which request shall
set forth the amount and proposed terms of the Increase;

 

(iii)           
each lender agreeing to such Increase, the Borrower and the Administrative Agent shall have signed an Increase Joinder (any
Increase Joinder may, with the consent of the Administrative Agent, the Borrower and the lenders agreeing to such Increase, effect
such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate to effectuate the provisions
of this Section 2.27 (including the preceding clause (ii)) and the Borrower shall have executed any Notes requested
by any Lender in connection with the making of the Increase. Notwithstanding anything to the contrary in this Agreement or in any
other Loan Document, an Increase Joinder reasonably satisfactory to the Administrative Agent, and the amendments to this Agreement
effected thereby, shall not require the consent of any Lender other than the Lender(s) agreeing to establish such Increase;

 

(iv)           
immediately after giving pro forma effect to such Increase and the use of proceeds thereof, each of the conditions
precedent in Section 5.2(a) are satisfied (other than in connection with Limited Condition Acquisitions, in which case (i)
Section 5.2(a) shall be satisfied only in connection with the Specified Representations and (ii) the Specified Acquisition Agreement
Representations shall be true and correct on the date Loans are made under the Increase, but only to the extent that the Borrower
(or any of its Affiliates) has the right (taking into account any applicable cure provisions) to terminate its (or such Affiliates’)
obligations under the Limited Condition Acquisition, or to decline to consummate the Limited Condition Acquisition Agreement (in
each case, in accordance with the terms thereof) as a result of a breach of such Specified Acquisition Agreement Representations);

 

(v)             immediately
after giving pro forma effect to such Increase and the use of proceeds thereof, (A) no Default or Event of Default
shall have occurred and be continuing at the time of such Increase (other than in connection with Limited Condition
Acquisitions, in which case there shall be no Default or Event of Default as of the LCA Test Date and no Event of Default
under Section 8.1(a) or (f) at the time of such Increase,) and (B) the Borrower shall be in compliance with the
then applicable financial covenants set forth in Section 7.1 hereof as of the end of the most recently ended quarter
for which financial statements are required to be delivered prior to such Increase (and assuming that the Increase was fully
drawn), and the Borrower shall have delivered to the Administrative Agent a Compliance Certificate evidencing compliance with
the requirements of this clause (v) (provided that in the case of a Limited Condition Acquisition, such calculation
shall be made in compliance with Section 1.4);

 

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(vi)          
each Loan Party shall have delivered to the Administrative Agent (i) a certificate signed by a Responsible Officers certifying
and attaching the resolutions adopted by such Loan Party approving or consenting to such Incremental Facility, and (ii) unless
waived by the Administrative Agent, legal opinions substantially consistent with those delivered on the Closing Date (subject to
changes in law);

 

(vii)          
in connection with such Increase, the Borrower shall pay to the Administrative Agent, for the benefit of the Administrative
Agent or the Increase lenders, as applicable, all fees that the Borrower has agreed to pay in connection with such Increase; and

 

(viii)         
upon each Increase in accordance with this Section 2.27, all outstanding Loans, participations hereunder in Letters
of Credit and participations hereunder in Swingline Loans held by each Lender shall be reallocated among the Lenders (including
any newly added Lenders) in accordance with the Lenders’ respective revised Revolving Percentages and L/C Percentages, pursuant
to procedures reasonably determined by the Administrative Agent in consultation with the Borrower.

 

(c)               
Upon the effectiveness of any Increase, (i) all references in this Agreement and any other Loan Document to the Revolving
Loans shall be deemed, unless the context otherwise requires, to include such Increase advanced pursuant to this Section 2.27
and any amendments effected through the Increase Joinder and (ii) all references in this Agreement and any other Loan Document
to the Revolving Commitment shall be deemed, unless the context otherwise requires, to include the commitment to advance an amount
equal to such Increase pursuant to this Section 2.27.

 

(d)               
The Revolving Loans and Revolving Commitments established pursuant to this Section 2.27 shall constitute Revolving
Loans and Revolving Commitments under, and shall be entitled to all the benefits afforded by, this Agreement and the other Loan
Documents, and shall, without limiting the foregoing, benefit equally and ratably from any guarantees and the security interests
created by the Loan Documents. The Borrower shall take any actions reasonably required by Administrative Agent to ensure and demonstrate
that the Liens and security interests granted by the Loan Documents continue to be perfected under the UCC or otherwise after giving
effect to the establishment of any such new Revolving Commitments.

 

SECTION 3

LETTERS OF CREDIT

 

3.1              
L/C Commitment.

 

(a)                Subject
to the terms and conditions hereof, the Issuing Lender agrees to issue letters of credit (“Letters of
Credit”) for the account of the Borrower on any Business Day during the Letter of Credit Availability Period in
such form as may reasonably be approved from time to time by the Issuing Lender; provided that the Issuing Lender
shall have no obligation to issue any Letter of Credit if, after giving effect to such issuance, the L/C Exposure would
exceed either the Total L/C Commitments or the Available Revolving Commitment at such time. Unless otherwise agreed to by the
Administrative Agent in its sole discretion, each Letter of Credit shall (i) be denominated in Dollars and
(ii) expire no later than the earlier of (x) the first anniversary of its date of issuance and (y) the Letter
of Credit Maturity Date, provided that any Letter of Credit with a one-year term may provide for the renewal thereof
for additional one-year periods (which shall in no event extend beyond the date referred to in clause (y) above).

 

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(b)               
The Issuing Lender shall not at any time be obligated to issue any Letter of Credit if:

 

(i)               
such issuance would conflict with, or cause the Issuing Lender or any L/C Lender to exceed any limits imposed by, any applicable
Requirement of Law;

 

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

 

(iii)            
the Issuing Lender has received written notice from any Lender, the Administrative Agent or the Borrower, at least one (1)
Business Day prior to the requested date of issuance, amendment, renewal or reinstatement of such Letter of Credit, that one or
more of the applicable conditions contained in Section 5.2 shall not then be satisfied;

 

(iv)            
any requested Letter of Credit is not in form and substance acceptable to the Issuing Lender, or the issuance, amendment
or renewal of a Letter of Credit shall violate any applicable laws or regulations or any applicable policies of the Issuing Lender;

 

(v)             
such Letter of Credit contains any provisions providing for automatic reinstatement of the stated amount after any drawing
thereunder;

 

(vi)            
except as otherwise agreed by the Administrative Agent and the Issuing Lender, such Letter of Credit is in an initial face
amount less than $250,000; or

 

(vii)           
any Lender is at that time a Defaulting Lender, unless the Issuing Lender has entered into arrangements, including the delivery
of Cash Collateral pursuant to Section 3.10, satisfactory to the Issuing Lender (in its sole discretion) with the Borrower
or such Defaulting Lender to eliminate the Issuing Lender’s actual or potential Fronting Exposure (after giving effect to
Section 2.24(a)(iv)) with respect to the Defaulting Lender arising from either the Letter of Credit then proposed to
be issued or such Letter of Credit and all other L/C Exposure as to which the Issuing Lender has actual or potential Fronting Exposure,
as it may elect in its sole discretion.

 

3.2               Procedure
for Issuance of Letters of Credit. The Borrower may from time to time request that the Issuing Lender issue a Letter of
Credit for the account of the Borrower by delivering to the Issuing Lender at its address for notices specified herein an
Application therefor, completed to the satisfaction of the Issuing Lender, and such other certificates, documents and other
papers and information as the Issuing Lender may request. Upon receipt of any Application, the Issuing Lender will process
such Application and the certificates, documents and other papers and information delivered to it in connection therewith in
accordance with its customary procedures and shall promptly issue the Letter of Credit requested thereby (but in no event
shall the Issuing Lender be required to issue any Letter of Credit earlier than three (3) Business Days after its receipt of
the Application therefor and all such other certificates, documents and other papers and information relating thereto) by
issuing the original of such Letter of Credit to the beneficiary thereof or as otherwise may be agreed to by the Issuing
Lender and the Borrower. The Issuing Lender shall furnish a copy of such Letter of Credit to the Borrower promptly following
the issuance thereof. The Issuing Lender shall promptly furnish to the Administrative Agent, which shall in turn promptly
furnish to the Lenders, notice of the issuance of each Letter of Credit (including the amount thereof).

 

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3.3              
Fees and Other Charges.

 

(a)               
The Borrower agrees to pay, with respect to each Existing Letter of Credit and each outstanding Letter of Credit issued
for the account of (or at the request of) the Borrower, (i) a fronting fee of 0.125% per annum on the daily amount available
to be drawn under each such Letter of Credit to the Issuing Lender for its own account (a “Letter of Credit Fronting
Fee”), and (ii) a letter of credit fee equal to the Applicable Margin relating to Letters of Credit multiplied
by the daily amount available to be drawn under each such Letter of Credit on the drawable amount of such Letter of Credit to the
Administrative Agent for the ratable account of the L/C Lenders (determined in accordance with their respective L/C Percentages)
(a “Letter of Credit Fee”), in each case payable quarterly in arrears on the last Business Day of each
calendar quarter and on the Letter of Credit Maturity Date (each, an “L/C Fee Payment Date”) after the
issuance date of such Letter of Credit, and (iii) the Issuing Lender’s standard and reasonable fees with respect to
the issuance, amendment, renewal or extension of any Letter of Credit issued for the account of (or at the request of) the Borrower
or processing of drawings thereunder (the fees in this clause (iii), collectively, the “Issuing Lender Fees”).
All Letter of Credit Fronting Fees and Letter of Credit Fees shall be computed on the basis of the actual number of days elapsed
in a year of 360 days. During the continuance of an Event of Default, at the request of the Required Lenders, Letter of Credit
Fees shall accrue a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions
of this Section plus 2.00%; provided that such increased fee rate shall apply to all outstanding Letters of Credit
automatically and without any Required Lender consent therefor upon the occurrence of any Event of Default arising under Section
8.1(a) or (f).

 

(b)               
In addition to the foregoing fees, the Borrower shall pay or reimburse the Issuing Lender for such normal and customary
costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending
or otherwise administering any Letter of Credit.

 

(c)               
The Borrower shall furnish to the Issuing Lender and the Administrative Agent such other documents and information
pertaining to any requested Letter of Credit issuance, amendment or renewal, including any L/C-Related Documents, as the Issuing
Lender or the Administrative Agent may require. This Agreement shall control in the event of any conflict with any L/C-Related
Document (other than any Letter of Credit).

 

(d)               
Any letter of credit fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit
as to which such Defaulting Lender has not provided Cash Collateral satisfactory to the Issuing Lender pursuant to Section 3.10
shall be payable, to the maximum extent permitted by applicable law, to the other L/C Lenders in accordance with the upward adjustments
in their respective L/C Percentages allocable to such Letter of Credit pursuant to Section 2.24(a)(iv), with the balance
of such fee, if any, payable to the Issuing Lender for its own account.

 

(e)               
All fees payable under this Section 3.3 shall be fully earned on the date paid and nonrefundable.

 

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3.4              
 L/C Participations; Existing Letters of Credit.

 

(a)               
L/C Participations. The Issuing Lender irrevocably agrees to grant and hereby grants to each L/C Lender, and, to
induce the Issuing Lender to issue Letters of Credit, each L/C Lender irrevocably agrees to accept and purchase and hereby accepts
and purchases from the Issuing Lender, on the terms and conditions set forth below, for such L/C Lender’s own account and
risk an undivided interest equal to such L/C Lender’s L/C Percentage in the Issuing Lender’s obligations and rights
under and in respect of each Letter of Credit and the amount of each draft paid by the Issuing Lender thereunder. Each L/C Lender
agrees with the Issuing Lender that, if a draft is paid under any Letter of Credit for which the Issuing Lender is not reimbursed
in full by the Borrower pursuant to Section 3.5(a), such L/C Lender shall pay to the Issuing Lender upon demand at
the Issuing Lender’s address for notices specified herein an amount equal to such L/C Lender’s L/C Percentage of the
amount of such draft, or any part thereof, that is not so reimbursed. Each L/C Lender’s obligation to pay such amount shall
be absolute and unconditional and shall not be affected by any circumstance, including (i) any setoff, counterclaim, recoupment,
defense or other right that such L/C Lender may have against the Issuing Lender, the Borrower or any other Person for any reason
whatsoever, (ii) the occurrence of a Default or an Event of Default or the failure to satisfy any of the other conditions specified
in Section 5.2, (iii) any adverse change in the condition (financial or otherwise) of the Borrower, (iv) any breach
of this Agreement or any other Loan Document by the Borrower, any other Loan Party or any other L/C Lender, or (v) any other circumstance,
happening or event whatsoever, whether or not similar to any of the foregoing.

 

(b)               
Existing Letters of Credit. On and after the Closing Date, the Existing Letters of Credit shall be deemed for all
purposes, including for purposes of the fees to be collected pursuant to Sections 3.3(a) and (b), reimbursement of
costs and expenses to the extent provided herein and for purposes of being secured by the Collateral, a Letter of Credit outstanding
under this Agreement and entitled to the benefits of this Agreement and the other Loan Documents, and shall be governed by the
applications and agreements pertaining thereto and by this Agreement (which shall control in the event of a conflict).

 

3.5              
Reimbursement.

 

(a)               
If the Issuing Lender shall make any L/C Disbursement in respect of a Letter of Credit, the Issuing Lender shall notify
the Borrower and the Administrative Agent thereof and the Borrower shall pay or cause to be paid to the Issuing Lender an amount
equal to the entire amount of such L/C Disbursement not later than the immediately following Business Day. Each such payment shall
be made to the Issuing Lender at its address for notices referred to herein in Dollars and in immediately available funds; provided
that the Borrower may, subject to the satisfaction of the conditions to borrowing set forth herein, request in accordance with
Section 2.5 or Section 2.7(a) that such payment be financed with a Revolving Loan or a Swingline Loan, as applicable,
in an equivalent amount and, to the extent so financed, the Borrower’s obligations to make such payment shall be discharged
and replaced by the resulting Revolving Loan or Swingline Loan.

 

(b)                If
the Issuing Lender shall not have received from the Borrower the payment that it is required to make pursuant to Section 3.5(a) with
respect to a Letter of Credit within the time specified in such Section, the Issuing Lender will promptly notify the
Administrative Agent of the L/C Disbursement and the Administrative Agent will promptly notify each L/C Lender of such L/C
Disbursement and its L/C Percentage thereof, and each L/C Lender shall pay to the Issuing Lender upon demand at the Issuing
Lender’s address for notices specified herein an amount equal to such L/C Lender’s L/C Percentage of such L/C
Disbursement (and the Administrative Agent may apply Cash Collateral provided for this purpose); upon such payment pursuant
to this paragraph to reimburse the Issuing Lender for any L/C Disbursement, the Borrower shall be required to reimburse the
L/C Lenders for such payments (including interest accrued thereon from the date of such payment until the date of such
reimbursement at the rate applicable to Revolving Loans that are ABR Loans plus 2% per annum) on demand; provided that
if at the time of and after giving effect to such payment by the L/C Lenders, the conditions to borrowings and Revolving Loan
Conversions set forth in Section 5.2 are satisfied, the Borrower may, by written notice to the Administrative
Agent certifying that such conditions are satisfied and that all interest owing under this paragraph has been paid, request
that such payments by the L/C Lenders be converted into Revolving Loans (a “Revolving Loan
Conversion”), in which case, if such conditions are in fact satisfied, the L/C Lenders shall be deemed to have
extended, and the Borrower shall be deemed to have accepted, a Revolving Loan in the aggregate principal amount of such
payment without further action on the part of any party, and the Total L/C Commitments shall be permanently reduced by such
amount; any amount so paid pursuant to this paragraph shall, on and after the payment date thereof, be deemed to be Revolving
Loans for all purposes hereunder; provided that the Issuing Lender, at its option, may effectuate a Revolving Loan
Conversion regardless of whether the conditions to borrowings and Revolving Loan Conversions set forth in Section 5.2 are
satisfied.

 

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3.6              
Obligations Absolute. The Borrower’s obligations under this Section 3 shall be absolute and unconditional
under any and all circumstances and irrespective of any setoff, counterclaim or defense to payment that the Borrower may have or
have had against the Issuing Lender, any beneficiary of a Letter of Credit or any other Person. The Borrower also agrees with the
Issuing Lender that the Issuing Lender shall not be responsible for, and the Borrower’s obligations hereunder shall not be
affected by, among other things, the validity or genuineness of documents or of any endorsements thereon, even though such documents
shall in fact prove to be invalid, fraudulent or forged, or any dispute between or among the Borrower and any beneficiary of any
Letter of Credit or any other party to which such Letter of Credit may be transferred or any claims whatsoever of the Borrower
against any beneficiary of such Letter of Credit or any such transferee. The Issuing Lender shall not be liable for any error,
omission, interruption or delay in transmission, dispatch or delivery of any message or advice, however transmitted, in connection
with any Letter of Credit, except for errors or omissions found by a final and nonappealable decision of a court of competent jurisdiction
to have resulted from the gross negligence or willful misconduct of the Issuing Lender. The Borrower agrees that any action taken
or omitted by the Issuing Lender under or in connection with any Letter of Credit or the related drafts or documents, if done in
the absence of gross negligence or willful misconduct, shall be binding on the Borrower and shall not result in any liability of
the Issuing Lender to the Borrower.

 

In addition to amounts
payable as elsewhere provided in the Agreement, the Borrower hereby agrees to pay and to protect, indemnify, and save Issuing Lender
harmless from and against any and all claims, demands, liabilities, damages, losses, costs, charges and expenses (including reasonable
attorneys’ fees) that the Issuing Lender may incur or be subject to as a consequence, direct or indirect, of (A) the issuance
of any Letter of Credit, or (B) the failure of Issuing Lender or of any L/C Lender to honor a demand for payment under any Letter
of Credit thereof as a result of any act or omission, whether rightful or wrongful, of any present or future de jure or de facto
government or Governmental Authority, in each case other than to the extent solely as a result of the gross negligence or willful
misconduct of Issuing Lender or such L/C Lender (as finally determined by a court of competent jurisdiction).

 

3.7              
Letter of Credit Payments. If any draft shall be presented for payment under any Letter of Credit, the Issuing Lender
shall promptly notify the Borrower and the Administrative Agent of the date and amount thereof. The responsibility of the Issuing
Lender to the Borrower in connection with any draft presented for payment under any Letter of Credit shall, in addition to any
payment obligation expressly provided for in such Letter of Credit, be limited to determining that the documents (including each
draft) delivered under such Letter of Credit in connection with such presentment are substantially in conformity with such Letter
of Credit.

 

3.8              
Applications. To the extent that any provision of any Application related to any Letter of Credit is inconsistent with
the provisions of this Section 3, the provisions of this Section 3 shall apply.

 

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3.9              
 Interim Interest. If the Issuing Lender shall make any L/C Disbursement in respect of a Letter of Credit, then, unless
either the Borrower shall have reimbursed such L/C Disbursement in full within the time period specified in Section 3.5(a)
or the L/C Lenders shall have reimbursed such L/C Disbursement in full on such date as provided in Section 3.5(b),
in each case the unpaid amount thereof shall bear interest for the account of the Issuing Lender, for each day from and including
the date of such L/C Disbursement to but excluding the date of payment by the Borrower, at the rate per annum that would apply
to such amount if such amount were a Revolving Loan that is an ABR Loan; provided that the provisions of Section 2.15(c)
shall be applicable to any such amounts not paid when due.

 

3.10          
Cash Collateral.

 

(a)               
Certain Credit Support Events. Upon the request of the Administrative Agent or the Issuing Lender (i) if the
Issuing Lender has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C
Advance by all the L/C Lenders that is not reimbursed by the Borrower or converted into a Revolving Loan or Swingline Loan pursuant
to Section 3.5(b), or (ii) if, as of the Letter of Credit Maturity Date, any L/C Exposure for any reason remains outstanding,
the Borrower shall, in each case, immediately Cash Collateralize the then effective L/C Exposure in an amount equal to 105% of
such L/C Exposure.

 

At any time that there
shall exist a Defaulting Lender, within one (1) Business Day following the request of the Administrative Agent or the Issuing Lender
(with a copy to the Administrative Agent), the Borrower shall deliver to the Administrative Agent Cash Collateral in an amount
sufficient to cover 105% of the Fronting Exposure relating to the Letters of Credit (after giving effect to Section 2.24(a)(iv)
and any Cash Collateral provided by such Defaulting Lender).

 

(b)               
Grant of Security Interest. All Cash Collateral (other than credit support not constituting funds subject to deposit)
shall be maintained in blocked, non-interest bearing deposit accounts with the Administrative Agent. The Borrower, and to the extent
provided by any Lender or Defaulting Lender, such Lender or Defaulting Lender, hereby grants to (and subjects to the control of)
the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Lender and the L/C Lenders, and agrees to maintain,
a first priority security interest and Lien in all such Cash Collateral and in all proceeds thereof, as security for the Obligations
to which such Cash Collateral may be applied pursuant to Section 3.10(c). If at any time the Administrative Agent determines
that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent or any Issuing Lender as
herein provided, or that the total amount of such Cash Collateral is less than 105% of the applicable L/C Exposure, Fronting Exposure
and other Obligations secured thereby, the Borrower or the relevant Lender or Defaulting Lender, as applicable, will, promptly
upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient
to eliminate such deficiency (after giving effect to any Cash Collateral provided by such Defaulting Lender).

 

(c)               
Application. Notwithstanding anything to the contrary contained in this Agreement, Cash Collateral provided under
any of this Section 3.10, Section 2.24 or otherwise in respect of Letters of Credit shall be held and applied
to the satisfaction of the specific L/C Exposure, 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.

 

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(d)                Termination
of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce Fronting Exposure in respect of
Letters of Credit or other Obligations shall no longer be required to be held as Cash Collateral pursuant to this Section
3.10 following (i) the elimination of the applicable Fronting Exposure and other Obligations giving rise thereto
(including by the termination of the Defaulting Lender status of the applicable Lender), or (ii) a determination by the
Administrative Agent and the Issuing Lender that there exists excess Cash Collateral; provided, however,
(A) that Cash Collateral furnished by or on behalf of a Loan Party shall not be released during the continuance of an
Event of Default, and (B) that, subject to Section 2.24, the Person providing such Cash Collateral and the
Issuing Lender may agree that such Cash Collateral shall not be released but instead shall be held to support future
anticipated Fronting Exposure or other obligations, and provided further, that to the extent that such Cash Collateral
was provided by the Borrower or any other Loan Party, such Cash Collateral shall remain subject to any security interest and
Lien granted pursuant to the Loan Documents including any applicable Cash Management Agreement.

 

3.11          
Additional Issuing Lenders. The Borrower may, at any time and from time to time with the consent of the Administrative
Agent (which consent shall not be unreasonably withheld) and such Lender, designate one or more additional Lenders to act as an
issuing bank under the terms of this Agreement. Any Lender designated as an issuing bank pursuant to this paragraph shall be deemed
to be an “Issuing Lender” (in addition to being a Lender) in respect of Letters of Credit issued or to
be issued by such Lender, and, with respect to such Letters of Credit, such term shall thereafter apply to the other Issuing Lender
and such Lender.

 

3.12          
Resignation of the Issuing Lender. The Issuing Lender may resign at any time by giving at least 30 days’ prior
written notice to the Administrative Agent, the Lenders and the Borrower. Subject to the next succeeding paragraph, upon the acceptance
of any appointment as the Issuing Lender hereunder by a Lender that shall agree to serve as successor Issuing Lender, such successor
shall succeed to and become vested with all the interests, rights and obligations of the retiring Issuing Lender and the retiring
Issuing Lender shall be discharged from its obligations to issue additional Letters of Credit hereunder without affecting its rights
and obligations with respect to Letters of Credit previously issued by it. At the time such resignation shall become effective,
the Borrower shall pay all accrued and unpaid fees pursuant to Section 3.3. The acceptance of any appointment as the
Issuing Lender hereunder by a successor Lender shall be evidenced by an agreement entered into by such successor, in a form satisfactory
to the Borrower and the Administrative Agent, and, from and after the effective date of such agreement, (i) such successor
Lender shall have all the rights and obligations of the previous Issuing Lender under this Agreement and the other Loan Documents
and (ii) references herein and in the other Loan Documents to the term “Issuing Lender” shall be deemed to refer
to such successor or to any previous Issuing Lender, or to such successor and all previous Issuing Lenders, as the context shall
require. After the resignation of the Issuing Lender hereunder, the retiring Issuing Lender shall remain a party hereto and shall
continue to have all the rights and obligations of an Issuing Lender under this Agreement and the other Loan Documents with respect
to Letters of Credit issued by it prior to such resignation, but shall not be required to issue additional Letters of Credit or
to extend, renew or increase any existing Letter of Credit.

 

3.13          
Applicability of UCP and ISP. Unless otherwise expressly agreed by the Issuing Lender and the Borrower when a Letter
of Credit is issued and subject to applicable laws, the Letters of Credit shall be governed by and subject to (a) with respect
to standby Letters of Credit, the rules of the ISP, and (b) with respect to commercial Letters of Credit, the rules of the
Uniform Customs and Practice for Documentary Credits, as published in its most recent version by the International Chamber of Commerce
on the date any commercial Letter of Credit is issued.

 

SECTION 4

REPRESENTATIONS AND WARRANTIES

 

To induce the Administrative
Agent and the Lenders to enter into this Agreement and to make the Loans and issue the Letters of Credit, Holdings and the Borrower
hereby jointly and severally represent and warrant to the Administrative Agent and each Lender, as to themselves and each of their
respective Subsidiaries, that:

 

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4.1              
Financial Condition.

 

(a)               
The Projected Pro Forma Financial Statements have been prepared based on the best information available to the Borrower
as of the date of delivery thereof and are based upon good faith estimates and assumptions believed by management of Holdings to
be reasonable at the time made, it being recognized by the Lenders that such financial information as it relates to future events
is not to be viewed as fact and that actual results during the period or periods covered by such financial information may differ
from the projected results set forth therein by a material amount.

 

(b)               
The audited consolidated balance sheets of Holdings and its Subsidiaries as of January 31, 2018, January 31, 2019 and January
31, 2020 and the related consolidated statements of income and of cash flows for the fiscal years ended on such dates, reported
on by and accompanied by an unqualified report from PricewaterhouseCoopers, LLP, present fairly in all material respects the consolidated
financial condition of Holdings and its Subsidiaries as at such date, and the consolidated results of its operations and its consolidated
cash flows for the respective fiscal years then ended. The unaudited consolidated balance sheet of Holdings and its Subsidiaries
as at October 31, 2020, and the related unaudited consolidated statements of income and cash flows for the nine-month period ended
on such date, present fairly in all material respects the consolidated financial condition of Holdings and its Subsidiaries as
at such date, and the consolidated results of its operations and its consolidated cash flows for the trailing nine-month period
then ended (subject to the absence of footnotes and normal year end audit adjustments). All such financial statements, including
the related schedules and notes thereto, have been prepared in accordance with GAAP applied consistently throughout the periods
involved (except as approved by the aforementioned firm of accountants and disclosed therein). No Group Member has, as of the Closing
Date, any material Guarantee Obligations, contingent liabilities and past due liabilities for taxes, or any long term leases or
unusual forward or long term commitments, including any interest rate or foreign currency swap or exchange transaction or other
obligation in respect of derivatives, that are not reflected in the most recent financial statements referred to in this paragraph
to the extent required by GAAP. During the period from January 31, 2020 to and including the date hereof, there has been no Disposition
by any Group Member of any material part of its business or property and not disclosed in the financial statements referred to
in this paragraph.

 

4.2              
No Change. Since January 31, 2020, there has been no development or event that has had or could reasonably be expected
to have a Material Adverse Effect.

 

4.3              
Existence; Compliance with Law. Each Group Member (a) is duly organized, validly existing and in good standing (if applicable)
under the laws of the jurisdiction of its organization, (b) has the power and authority, and the legal right, to own and operate
its property, to lease the property it operates as lessee and to conduct the business in which it is currently engaged, (c) is
duly qualified as a foreign corporation or other organization and in good standing (if applicable) under the laws of each jurisdiction
where the failure to be so qualified or in good standing could reasonably be expected to have a Material Adverse Effect and (d)
is in material compliance with all Requirements of Law except in such instances in which (i) such Requirement of Law is being contested
in good faith by appropriate proceedings diligently conducted and the prosecution of such contest would not reasonably be expected
to result in a Material Adverse Effect, or (ii) the failure to comply therewith, either individually or in the aggregate, would
not reasonably be expected to have a Material Adverse Effect.

 

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4.4               Power,
Authorization; Enforceable Obligations. Each Loan Party has the power and authority, and the legal right, to make,
deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to obtain extensions of
credit hereunder. Each Loan Party has taken all necessary organizational action to authorize the execution, delivery and
performance of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the extensions of
credit on the terms and conditions of this Agreement. No Governmental Approval or consent or authorization of, filing with,
notice to or other act by or in respect of, any other Person is required in connection with the extensions of credit
hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the Loan
Documents, except (i) Governmental Approvals, consents, authorizations, filings and notices described on Schedule 4.4
to the Disclosure Letter, which Governmental Approvals, consents, authorizations, filings and notices have been obtained or
made and are in full force and effect, and (ii) the filings referred to in Section 4.19. Each Loan Document has
been duly executed and delivered on behalf of each Loan Party party thereto. This Agreement constitutes, and each other Loan
Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party party thereto, enforceable
against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by
general equitable principles (whether enforcement is sought by proceedings in equity or at law).

 

4.5              
No Legal Bar. The execution, delivery and performance of this Agreement and the other Loan Documents, the issuance of
Letters of Credit, the borrowings hereunder and the use of the proceeds thereof will not violate any Requirement of Law, any Operating
Document of any Loan Party, or any material Contractual Obligation of any Group Member and will not result in, or require, the
creation or imposition of any Lien on any of their respective properties or revenues pursuant to any Requirement of Law or any
such Contractual Obligation (other than the Liens created by the Security Documents). No Group Member has violated any Requirement
of Law or violated or failed to comply with any Contractual Obligation applicable to Holdings or any of its Subsidiaries that could
reasonably be expected to have a Material Adverse Effect.

 

4.6              
Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending
or threatened in writing by or against any Group Member or against any of their respective properties or revenues (a) with
respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby, or (b) that could reasonably
be expected to have a Material Adverse Effect.

 

4.7              
No Default. No Group Member is in default under or with respect to any of its Contractual Obligations in any respect
that could reasonably be expected to have a Material Adverse Effect. No Default or Event of Default has occurred and is continuing,
nor shall either result from the making of a requested credit extension.

 

4.8              
Ownership of Property; Liens; Investments. Each Group Member has title in fee simple to, or a valid leasehold interest
in, all of its real property, and good title to, or a valid leasehold interest in, all of its other property, and none of such
property is subject to any Lien except as permitted by Section 7.3. No
Loan Party owns any Investment except as permitted by Section 7.8. Section 10 of the Collateral Information
Certificate sets forth a complete and accurate list of all real property owned by each Loan Party as of the Closing Date, if any.

 

4.9               Intellectual
Property. Except as could not reasonably be expected to have a Material Adverse Effect, (a) each Group Member owns,
or has the right to use, all Intellectual Property necessary for the conduct of its business as currently conducted;
(b) no claim has been asserted in writing and is pending by any Person challenging or questioning any Group
Member’s use of any Intellectual Property or the validity or effectiveness of any Group Member’s Intellectual
Property, nor does any Loan Party know of any valid basis for any such claim; and (c) to the knowledge of any Loan
Party, the use of Intellectual Property by each Group Member, and the conduct of such Group Member’s business, as
currently conducted, does not infringe on or otherwise violate the rights of any Person, and there are no claims pending or
threatened in writing to such effect.

 

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4.10          
Taxes. Except to the extent that the failure to do so could not reasonably be expected to have a Material Adverse Effect,
each Group Member has filed or caused to be filed all Federal, state and other tax returns that are required to be filed and has
paid all taxes shown to be due and payable on said returns or on any assessments made against it or any of its property and all
other taxes, fees or other charges imposed on it or any of its property by any Governmental Authority (other than any the amount
or validity of which are currently being contested in good faith by appropriate proceedings and with respect to which reserves
in conformity with GAAP have been provided on the books of the relevant Group Member). No tax Lien has been filed, other than Liens
permitted hereunder.

 

4.11          
Federal Regulations. The Borrower is not engaged and will not engage, principally or as one of its important activities,
in the business of “buying” or “carrying” “margin stock” (within the respective meanings of
each of the quoted terms under Regulation U as now and from time to time hereafter in effect) or extending credit for the purpose
of purchasing or carrying margin stock. No part of the proceeds of any Loans, and no other extensions of credit hereunder, will
be used for buying or carrying any such margin stock or for extending credit to others for the purpose of purchasing or carrying
margin stock in violation of Regulations T, U or X of the Board. If any margin stock directly or indirectly constitutes Collateral
securing the Obligations, if requested by any Lender or the Administrative Agent, the Borrower will furnish to the Administrative
Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form G-3 or FR Form U-1, as
applicable, referred to in Regulation U.

 

4.12          
Labor Matters. Except as, in the aggregate, could not reasonably be expected to have a Material Adverse Effect: (a)
there are no strikes or other labor disputes against any Group Member pending or, to the knowledge of the Loan Parties, threatened;
(b) hours worked by and payment made to employees of each Group Member have not been in violation of the Fair Labor Standards Act
or any other applicable Requirement of Law dealing with such matters; and (c) all payments due from any Group Member on account
of employee health and welfare insurance have been paid or accrued as a liability on the books of the relevant Group Member.

 

4.13          
ERISA.

 

(a)               
[reserved];

 

(b)               
except as in the aggregate could not reasonably be expected to have a Material Adverse Effect, the Borrower and its ERISA
Affiliates are in compliance with all applicable provisions and requirements of ERISA with respect to each Plan, and have performed
all their obligations under each Plan;

 

(c)               
except as in the aggregate could not reasonably be expected to have a Material Adverse Effect, no ERISA Event has occurred
or is reasonably expected to occur;

 

(d)               
except as in the aggregate could not reasonably be expected to have a Material Adverse Effect, the Borrower and each of
its ERISA Affiliates have met all applicable requirements under the ERISA Funding Rules with respect to each Pension Plan, and
no waiver of the minimum funding standards under the ERISA Funding Rules has been applied for or obtained;

 

(e)                as
of the most recent valuation date for any Pension Plan, the funding target attainment percentage (as defined in Section
430(d)(2) of the Code) is at least 60%, and neither the Borrower nor any of its ERISA Affiliates knows of any facts or
circumstances that could reasonably be expected to cause the funding target attainment percentage to fall below 60% as of the
most recent valuation date;

 

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(f)                
except as in the aggregate could not reasonably be expected to have a Material Adverse Effect and except to the extent required
under Section 4980B of the Code, no Plan provides health or welfare benefits (through the purchase of insurance or otherwise) for
any retired or former employee of the Borrower or any of its ERISA Affiliates;

 

(g)               
as of the most recent valuation date for any Pension Plan, the amount of outstanding benefit liabilities (as defined in
Section 4001(a)(18) of ERISA), individually or in the aggregate for all Pension Plans (excluding for purposes of such computation
any Pension Plans with respect to which assets exceed benefit liabilities), does not exceed $25,000,000;

 

(h)               
except as in the aggregate could not reasonably be expected to have a Material Adverse Effect, the execution and delivery
of this Agreement and the consummation of the transactions contemplated hereunder will not involve any transaction that is subject
to the prohibitions of Section 406 of ERISA or in connection with which taxes could be imposed pursuant to Section 4975(c)(1)(A)-(D)
of the Code;

 

(i)                
all liabilities under each Plan are (i) funded to at least the minimum level required by law or, if higher, to the
level required by the terms governing the Plans, except as in the aggregate could not reasonably be expected to have a Material
Adverse Effect, (ii) insured with a reputable insurance company, except as in the aggregate could not reasonably be expected
to have a Material Adverse Effect, or (iii) (A) provided for or recognized in all material respects in the financial statements
most recently delivered to the Administrative Agent and the Lenders pursuant hereto or (B) estimated in the formal notes to
the financial statements most recently delivered to the Administrative Agent and the Lenders pursuant hereto;

 

(j)                
except as in the aggregate could not reasonably be expected to have a Material Adverse Effect, there are no circumstances
which may give rise to a liability in relation to any Plan which is not funded, insured, provided for, recognized or estimated
in the manner described in clause (i); and

 

(k)               
(i) the Borrower is not and will not be a “plan” within the meaning of Section 4975(e) of the Code; (ii) the
assets of the Borrower do not and will not constitute “plan assets” within the meaning of the United States Department
of Labor Regulations set forth in 29 C.F.R. §2510.3-101 as modified by ERISA Section 3(42); (iii) the Borrower is not
and will not be a “governmental plan” within the meaning of Section 3(32) of ERISA; and (iv) transactions by or
with the Borrower are not and will not be subject to state statutes applicable to the Borrower regulating investments of fiduciaries
with respect to governmental plans.

 

4.14          
Investment Company Act; Other Regulations. No Loan Party is required to register as an “investment company”
within the meaning of the Investment Company Act of 1940, as amended. No Loan Party is subject to regulation under any Requirement
of Law (other than Regulation X of the Board) that limits its ability to incur Indebtedness or which may otherwise render all or
any portion of the Obligations unenforceable.

 

4.15          
Subsidiaries.

 

(a)                As
of the Closing Date, (a) Schedule 4.15 to the Disclosure Letter sets forth the name and jurisdiction of
organization of each Subsidiary of Holdings and, as to each such Subsidiary, the percentage of each class of Capital Stock
owned by any Loan Party, and (b) there are no outstanding subscriptions, options, warrants, calls, rights or other
agreements or commitments (other than equity awards granted to employees, consultants or directors and directors’
qualifying shares) of any nature relating to any Capital Stock of any Subsidiary of Holdings, except as may be created by the
Loan Documents.

 

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(b)               
 No Immaterial Subsidiary (a) holds assets representing more than 10% of Holdings’ consolidated total assets
(determined in accordance with GAAP), (b) has generated more than 10% of Holdings’ consolidated total revenues determined
in accordance with GAAP for the four fiscal quarter period ending on the last day of the most recent period for which financial
statements have been delivered after the Closing Date pursuant to Section 6.1(b); provided that all Subsidiaries
that are individually an Immaterial Subsidiary do not have aggregate consolidated total assets that would represent 20% or more
of Holdings’ consolidated total assets nor have generated 20% or more of Holdings’ consolidated total revenues for
such four fiscal quarter period, in each case, determined in accordance with GAAP, or (c) owns any material Intellectual Property.

 

4.16          
Use of Proceeds. The proceeds of the Revolving Loans, Swingline Loans and Letters of Credit shall be used to refinance
existing Indebtedness, to pay related fees and expenses and for general corporate purposes (including Restricted Payments, Investments,
Acquisitions and other transactions permitted hereunder).

 

4.17          
Environmental Matters. Except as, in the aggregate, could not reasonably be expected to have a Material Adverse Effect:

 

(a)               
except as disclosed on Schedule 4.17 to the Disclosure Letter, the facilities and properties owned, leased or operated
by any Group Member (the “Properties”) do not contain, and, to the knowledge of the Loan Parties, have
not previously contained, any Materials of Environmental Concern in amounts or concentrations or under circumstances that constitute
or have constituted a violation of, or could reasonably be expected to give rise to liability under, any Environmental Law;

 

(b)               
no Group Member has received or is aware of any notice of violation, alleged violation, non-compliance, liability or potential
liability regarding environmental matters or compliance with Environmental Laws with regard to any of the Properties or the business
operated by any Group Member (the “Business”), nor does any Loan Party have knowledge or reason to believe
that any such notice will be received or is being threatened;

 

(c)               
no Group Member has transported or disposed of Materials of Environmental Concern from the Properties in violation of, or
in a manner or to a location that could reasonably be expected to give rise to liability under, any Environmental Law, nor has
any Group Member generated, treated, stored or disposed of Materials of Environmental Concern at, on or under any of the Properties
in violation of, or in a manner that could be reasonably expected to give rise to liability under, any applicable Environmental
Law;

 

(d)               
no judicial proceeding or governmental or administrative action is pending or, to the knowledge of any Loan Party, threatened,
under any Environmental Law to which any Group Member is or will be named as a party with respect to the Properties or the Business,
nor are there any consent decrees or other decrees, consent orders, administrative orders or other orders, or other administrative
or judicial requirements outstanding under any Environmental Law with respect to the Properties or the Business;

 

(e)                there
has been no release or threat of release of Materials of Environmental Concern at or from the Properties arising from or
related to the operations of any Group Member or otherwise in connection with the Business, in violation of or in amounts or
in a manner that could reasonably be expected give rise to liability under Environmental Laws;

 

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(f)                
the Properties and all operations of the Group Members at the Properties are in compliance, and have in the last five years
been in compliance, with all applicable Environmental Laws, and except as set forth on Schedule 4.17 to the Disclosure Letter,
to the knowledge of the Borrower, there is no contamination at, under or about the Properties or violation of any Environmental
Law with respect to the Properties or the Business; and

 

(g)               
no Group Member has assumed any liability of any other Person under Environmental Laws.

 

4.18          
Accuracy of Information, etc. No statement or information contained in this Agreement, any other Loan Document or any
other document, certificate or statement furnished by or on behalf of any Loan Party to the Administrative Agent or the Lenders,
or any of them, for use in connection with the transactions contemplated by this Agreement or the other Loan Documents, contained
as of the date such statement, information, document or certificate was so furnished, any untrue statement of a material fact or
omitted to state a material fact necessary to make the statements contained herein or therein not misleading. The projections and
pro forma financial information contained in the materials referenced above are based upon good faith estimates and assumptions
believed by management of the Borrower to be reasonable at the time made, it being recognized by the Lenders that such financial
information as it relates to future events is not to be viewed as fact and that actual results during the period or periods covered
by such financial information may differ from the projected results set forth therein by a material amount. As of the Closing Date
there is no fact known to any Loan Party that could reasonably be expected to have a Material Adverse Effect that has not been
expressly disclosed herein, in the other Loan Documents or in any other documents, certificates and statements furnished to the
Administrative Agent and the Lenders for use in connection with the transactions contemplated hereby and by the other Loan Documents.

 

4.19          
Security Documents.

 

(a)               
The Guarantee and Collateral Agreement is effective to create in favor of the Administrative Agent, for the benefit of the
Secured Parties, a legal, valid and enforceable security interest in the Collateral described therein and proceeds thereof. In
the case of the Pledged Stock (as defined in the Guarantee and Collateral Agreement) that are securities represented by stock certificates
or otherwise constituting certificated securities within the meaning of Section 8-102(a)(15) of the UCC or the corresponding
code or statute of any other applicable jurisdiction (“Certificated Securities”), when certificates representing
such Pledged Stock (which, in the case of a certificated securities in registered form, are indorsed to the Administrative Agent
or in blank by an effective indorsement) are delivered to the Administrative Agent, and in the case of the other Collateral constituting
personal property described in the Guarantee and Collateral Agreement, when financing statements and other filings specified on
Schedule 4.19(a) to the Disclosure Letter in appropriate form are filed in the offices specified on Schedule 4.19(a)
to the Disclosure Letter, the Administrative Agent, for the benefit of the Secured Parties, shall have a fully perfected Lien on,
and security interest in, all right, title and interest of the Loan Parties in such Collateral and the proceeds thereof, as security
for the Obligations, to the extent a security interest may be perfected by such filings, in each case prior and superior in right
to any other Person (except, in the case of Collateral other than Pledged Stock, Liens permitted by Section 7.3). As
of the Closing Date, none of the Loan Parties that is a limited liability company or partnership has any Capital Stock that is
a Certificated Security.

 

(b)                Each
of the Mortgages delivered after the Closing Date will be, upon execution, effective to create in favor of the Administrative
Agent, for the benefit of the Secured Parties, a legal, valid and enforceable Lien on the Mortgaged Properties described
therein and proceeds thereof, and when the Mortgages are filed in the offices for the applicable jurisdictions in which the
Mortgaged Properties are located, each such Mortgage shall constitute a fully perfected Lien on, and security interest in,
all right, title and interest of the Loan Parties in the Mortgaged Properties and the proceeds thereof, as security for the
Obligations (as defined in the relevant Mortgage), in each case prior and superior in right to any other Person.

 

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4.20          
Solvency; Voidable Transaction. The Loan Parties (taken as a whole) are, and after giving effect to the incurrence of
all Indebtedness, Obligations and obligations being incurred in connection herewith, will be, Solvent. No transfer of property
is being made by any Loan Party and no obligation is being incurred by any Loan Party in connection with the transactions contemplated
by this Agreement or the other Loan Documents with the intent to hinder, delay, or defraud either present or future creditors of
such Loan Party.

 

4.21          
Regulation H. No Mortgage encumbers improved real property that is located in an area that has been identified by the
Secretary of Housing and Urban Development as an area having special flood hazards and in which flood insurance has not been made
available under the National Flood Insurance Act of 1968.

 

4.22          
Designated Senior Indebtedness. The Loan Documents and all of the Obligations have been deemed “Designated Senior
Indebtedness” or a similar concept thereto, if applicable, for purposes of any other Indebtedness of the Loan Parties.

 

4.23          
[Reserved].

 

4.24          
Insurance. All insurance maintained by the Loan Parties is in full force and effect, all premiums have been duly paid,
no Loan Party has received notice of violation or cancellation thereof, and there exists no default under any requirement of such
insurance. Each Loan Party maintains insurance with financially sound and reputable insurance companies on all its property in
at least such amounts and against at least such risks (but including in any event public liability, product liability, and business
interruption) as are usually insured against in the same general area by companies engaged in the same or a similar business.

 

4.25          
No Casualty. No Loan Party has received any notice of, nor does any Loan Party have any knowledge of, the occurrence
or pendency or contemplation of any Casualty Event affecting all or any material portion of its property.

 

4.26          
[Reserved].

 

4.27          
[Reserved].

 

4.28          
OFAC. Neither Holdings, nor any of its Subsidiaries, nor, to the knowledge of Holdings or any such Subsidiary, any director,
officer, employee, agent, affiliate, advisor or representative thereof, is an individual or an entity that is, or is owned or controlled
by an individual or entity that is (a) currently the subject of any Sanctions, or (b) located, organized or resident
in a Designated Jurisdiction.

 

4.29          
Anti-Corruption Laws. Each of Holdings and its Subsidiaries has conducted its business in compliance in all material
respects with applicable anti-corruption laws and have instituted and maintained policies and procedures designed to promote and
achieve compliance with such laws.

 

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SECTION 5

CONDITIONS PRECEDENT

 

5.1              
Conditions to Initial Extension of Credit. The effectiveness of this Agreement and the obligation of each Lender to
make its initial extension of credit hereunder shall be subject to the satisfaction or waiver, prior to or concurrently with the
making of such extension of credit on the Closing Date, of the following conditions precedent:

 

(a)               
Loan Documents. The Administrative Agent shall have received each of the following, each of which shall be in form
and substance satisfactory to the Administrative Agent:

 

(i)                
this Agreement, executed and delivered by the Administrative Agent, Holdings, the Borrower and each Lender listed on Schedule 1.1A;

 

(ii)               
the Collateral Information Certificate and the Disclosure Letter, each executed by a Responsible Officer of Holdings;

 

(iii)              
if required by any Revolving Lender, a Revolving Loan Note executed by the Borrower in favor of such Revolving Lender;

 

(iv)              
if required by the Swingline Lender, the Swingline Loan Note executed by the Borrower in favor of such Swingline Lender;

 

(v)               
the Guarantee and Collateral Agreement, executed and delivered by the Administrative Agent and each Loan Party;

 

(vi)              
supplements to each Intellectual Property Security Agreement, executed by the applicable Loan Party related thereto.

 

(b)               
[Reserved].

 

(c)               
Approvals. Except for the Governmental Approvals described on Schedule 4.4 to the Disclosure Letter,
all Governmental Approvals and consents and approvals of, or notices to, any other Person (including the holders of any Capital
Stock issued by any Loan Party) required in connection with the execution and performance of the Loan Documents, and the consummation
of the transactions contemplated hereby, shall have been obtained and be in full force and effect.

 

(d)               
Secretary’s or Managing Member’s Certificates; Certified Operating Documents; Good Standing Certificates.
The Administrative Agent shall have received (i) a certificate of each Loan Party, dated the Closing Date and executed by
the Secretary, Managing Member or equivalent officer of such Loan Party, substantially in the form of Exhibit C, with
appropriate insertions and attachments, including (A) the Operating Documents of such Loan Party certified, in the case of
formation documents, as of a recent date by the secretary of state or similar official of the relevant jurisdiction of organization
of such Loan Party, (B) the relevant board resolutions or written consents of such Loan Party adopted by such Loan Party for
the purposes of authorizing such Loan Party to enter into and perform the Loan Documents to which such Loan Party is party and
(C) the names, titles, incumbency and signature specimens of those representatives of such Loan Party who have been authorized
by such resolutions and/or written consents to execute Loan Documents on behalf of such Loan Party, (ii) a good standing certificate
for each Loan Party from its respective jurisdiction of organization, and (iii) certificates for foreign qualification from each
jurisdiction where the failure of a Loan Party to be qualified could reasonably be expected to have a Material Adverse Effect.

 

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(e)               
 Responsible Officer’s Certificates. The Administrative Agent shall have received a certificate signed by a
Responsible Officer of Holdings, dated as of the Closing Date and in form and substance reasonably satisfactory to it, certifying
(A) that the conditions specified in Sections 5.2(a) and (d) have been satisfied, and (B) that there
has been no event or circumstance since January 31, 2020, that has had or that could reasonably be expected to have, either individually
or in the aggregate, a Material Adverse Effect.

 

(f)                
Patriot Act, etc. The Administrative Agent and each Lender shall have received, to the extent requested five (5)
Business Days prior to the Closing Date, all documentation and other information requested to comply with applicable “know
your customer” and anti-money-laundering rules and regulations, including the Patriot Act and the Beneficial Ownership Regulation
(including the Beneficial Ownership Certificate), and a properly completed and signed IRS Form W-8 or W-9, as applicable, for each
Loan Party.

 

(g)               
Existing Obligations. The Borrower shall have repaid in respect of the Existing Revolving Loans and obligations under
the Existing Credit Agreement, (i) all accrued and unpaid interest thereon, (ii) the accrued and unpaid Commitment Fee and (ii)
the accrued and unpaid Letter of Credit Fees.

 

(h)               
[Reserved].

 

(i)                
[Reserved].

 

(j)                
Collateral Matters.

 

(i)               
Lien Searches. The Administrative Agent shall have received the results of recent lien, judgment and litigation searches
in each of the jurisdictions reasonably required by the Administrative Agent, and such searches shall reveal no liens on any of
the assets of the Loan Parties except for Liens permitted by Section 7.3, or Liens to be discharged on or prior to
the Closing Date.

 

(ii)             
Pledged Stock; Stock Powers; Pledged Notes. The Administrative Agent shall have received (A) the certificates representing
the shares of Capital Stock pledged to the Administrative Agent (for the benefit of the Secured Parties) pursuant to the Guarantee
and Collateral Agreement, together with an undated stock power for each such certificate executed in blank by a duly authorized
officer of the pledgor thereof, and (B) each promissory note (if any) pledged to the Administrative Agent (for the benefit of the
Secured Parties) pursuant to the Guarantee and Collateral Agreement, endorsed (without recourse) in blank (or accompanied by an
executed transfer form in blank) by the pledgor thereof.

 

(iii)            
Filings, Registrations, Recordings, Agreements, Etc. Each document (including any UCC financing statements) required
by the Security Documents or under law or reasonably requested by the Administrative Agent to be filed, registered or recorded
to create in favor of the Administrative Agent (for the benefit of the Secured Parties), a perfected Lien on the Collateral described
therein, prior and superior in right and priority to any Lien in the Collateral held by any other Person (other than with respect
to Liens expressly permitted by Section 7.3), shall have been executed and delivered to the Administrative Agent or, as
applicable, be in proper form for filing, registration or recordation.

 

(k)               
Insurance. Except as set forth in Section 5.3, the Administrative Agent shall have received evidence of customary
insurance naming the Administrative Agent as an additional insured and/or lender loss payee, as the case may be, under all property
and liability insurance policies maintained with respect to the Collateral.

 

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(l)                
 Fees. The Lenders and the Administrative Agent shall have received all fees required to be paid on or prior
to the Closing Date (including pursuant to the Fee Letter), and all reasonable and documented fees and expenses of the Administrative
Agent for which invoices have been presented at least one Business Day prior to the Closing Date (including the reasonable and
documented fees and expenses of legal counsel to the Administrative Agent) for payment on or before the Closing Date.

 

(m)             
Legal Opinions. The Administrative Agent shall have received the executed legal opinion of Davis Polk &
Wardwell LLP, counsel to the Loan Parties, in form and substance reasonably satisfactory to the Administrative Agent.

 

(n)               
Borrowing Notices. The Administrative Agent shall have received, in respect of any Revolving Loans
to be made on the Closing Date, a completed Notice of Borrowing executed by the Borrower and otherwise complying with the requirements
of Section 2.5.

 

(o)               
Solvency Certificate. The Administrative Agent shall have received a Solvency Certificate from the chief financial
officer or treasurer of Holdings.

 

(p)               
No Material Adverse Effect. There shall not have
occurred since January 31, 2020, any event or condition that has had or could be reasonably expected to have, individually or in
the aggregate, a Material Adverse Effect.

 

(q)               
No Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is
pending or, to the knowledge of any Group Member, threatened, that could reasonably be expected to have a Material Adverse Effect.

 

For purposes of determining
compliance with the conditions specified in this Section 5.1, each Lender that has executed this Agreement shall be
deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter either sent (or made available)
by the Administrative Agent to such Lender for consent, approval, acceptance or satisfaction, or required thereunder to be consented
to or approved by or acceptable or satisfactory to such Lender, unless an officer of the Administrative Agent responsible for the
transactions contemplated by the Loan Documents shall have received notice from such Lender prior to the Closing Date specifying
such Lender’s objection thereto and either such objection shall not have been withdrawn by notice to the Administrative Agent
to that effect on or prior to the Closing Date or, if any extension of credit on the Closing Date has been requested, such Lender
shall not have made available to the Administrative Agent on or prior to the Closing Date such Lender’s Revolving Percentage
of such requested extension of credit.

 

5.2              
Conditions to Each Extension of Credit. The agreement of each Lender to make any extension of credit requested to be
made by it on any date (including its initial extension of credit, but excluding any Revolving Loan Conversion and any conversion
or continuation of Loans pursuant to Section 2.13) is subject to the satisfaction of the following conditions precedent:

 

(a)               
Representations and Warranties. Each of the representations and warranties made by each Loan Party in or pursuant
to any Loan Document (i) that is qualified by materiality shall be true and correct, and (ii) that is not qualified by materiality,
shall be true and correct in all material respects, in each case, on and as of such date as if made on and as of such date, except
to the extent any such representation and warranty expressly relates to an earlier date, in which case such representation and
warranty shall have been true and correct in all material respects as of such earlier date, subject to the limitations set forth
in Section 2.27.

 

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(b)               
 Availability. With respect to any requests for any Revolving Extensions of Credit, after giving effect to such Revolving
Extension of Credit, the availability and borrowing limitations specified in Section 2.4 shall be complied with.

 

(c)               
Notices of Borrowing. The Administrative Agent shall have received a Notice of Borrowing in connection with any such
request for extension of credit which complies with the requirements hereof.

 

(d)               
No Default. No Default or Event of Default shall have occurred and be continuing as of or on such date or after giving
effect to the extensions of credit requested to be made on such date (other than in connection with Limited Condition Acquisitions
as set forth in Section 2.27, in which case there shall be no Default or Event of Default as of the LCA Test Date and no
Event of Default under Section 8.1(a) or (f) on the date of or after giving effect to such requested credit extension).

 

Each borrowing by and
issuance of a Letter of Credit on behalf of the Borrower hereunder and each Revolving Loan Conversion shall constitute a representation
and warranty by the Borrower as of the date of such extension of credit, or Revolving Loan Conversion, as applicable, that the
conditions contained in this Section 5.2 have been satisfied.

 

5.3              
Post-Closing Conditions. The Borrower shall satisfy each of the conditions subsequent to the Closing Date specified
in this Section 5.3 to the reasonable satisfaction of the Administrative Agent, in each case, by no later than the date
specified for such condition below (or such later date as the Administrative Agent shall agree in its sole discretion):

 

(a)               
within 30 days after the Closing Date, the Administrative Agent shall have received evidence of customary insurance naming
the Administrative Agent as an additional insured and/or lender loss payee, as the case may be, under all property and liability
insurance policies maintained with respect to the Collateral, in form and substance reasonably satisfactory to the Administrative
Agent; and

 

(b)               
within 60 days after the Closing Date, the Administrative Agent shall have received Control Agreements with respect to all
Deposit Accounts and Securities Accounts to the extent necessary to comply with Section 6.10 and the Guarantee and Collateral
Agreement.

 

SECTION 6

AFFIRMATIVE COVENANTS

 

Holdings and the Borrower
hereby jointly and severally agree that, at all times prior to the Discharge of Obligations, each of the Loan Parties shall, and,
where applicable, shall cause each of its Subsidiaries to:

 

6.1              
Financial Statements. Furnish to the Administrative Agent for distribution to each Lender:

 

(a)                as
soon as available, but in any event within (i) 90 days after the end of each fiscal year of Holdings or (ii) if Holdings has
been granted an extension by the SEC with respect to any fiscal year of Holdings permitting the late filing by Holdings of
any annual report on form 10-K, the earlier of (x) 90 days after the end of such fiscal year of Holdings and
(y) the last day of such extension period, a copy of the audited consolidated balance sheet of Holdings and its
consolidated Subsidiaries as at the end of such fiscal year and the related audited consolidated statements of income and of
cash flows for such fiscal year, setting forth in each case in comparative form the figures for the previous year, reported
on without a “going concern” or like qualification or exception, or qualification arising out of the scope of the
audit, by PricewaterhouseCoopers LLP or other independent certified public accountants of nationally recognized standing and
reasonably acceptable to the Administrative Agent; and

 

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(b)               
as soon as available, but in any event within (i) 45 days after the end of each of the first three quarters occurring during
each fiscal year of Holdings or (ii) if Holdings has been granted an extension by the SEC with respect to any fiscal quarter of
Holdings permitting the late filing by Holdings of any quarterly report on form 10-Q, the earlier of (x) 45 days after the end
of such fiscal quarter of Holdings and (y) the last day of such extension period, the unaudited consolidated balance sheet of Holdings
and its consolidated Subsidiaries as at the end of such quarter and the related unaudited consolidated statements of income and
of cash flows for such month and the trailing 12 months, setting forth in each case in comparative form the figures for the previous
year, certified by a Responsible Officer of Holdings as being fairly stated in all material respects (subject to normal year-end
audit adjustments and the absence of year-end audit footnotes).

 

All such financial statements shall be
complete and correct in all material respects and shall be prepared in reasonable detail and in accordance with GAAP applied (except
as approved by such accountants or officer, as the case may be, and disclosed in reasonable detail therein) consistently throughout
the periods reflected therein and with prior periods.

 

Additionally, documents required to be
delivered pursuant to this Section 6.1 and Section 6.2(e) (to the extent any such documents are included in materials
otherwise filed with the SEC) may be delivered electronically and if so, shall be deemed to have been delivered on the date on
which the Borrower posts such documents, or provides a link thereto, either: (i) on the Borrower’s website on the Internet
at the website address listed in Section 10.2; or (ii) when such documents are posted electronically on the Borrower’s
behalf on an internet or intranet website to which each Lender and the Administrative Agent have access (whether a commercial,
third-party website or whether sponsored by the Administrative Agent), if any; provided that the Borrower shall deliver paper copies
of such documents to the Administrative Agent or any Lender upon its request to the Borrower to deliver such paper copies until
written request to cease delivering paper copies is given by the Administrative Agent or such Lender. The Administrative Agent
shall have no obligation to request the delivery of or to maintain paper copies of the documents referred to above, and in any
event shall have no responsibility to monitor compliance by the Borrower with any such request by a Lender for delivery, and each
Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents.

 

6.2              
Certificates; Reports; Other Information. Furnish (or, in the case of clause (a), use commercially reasonable efforts
to furnish) to the Administrative Agent, for distribution to each Lender (or, in the case of clause (g), to the relevant Lender):

 

(a)               
[reserved];

 

(b)                concurrently
with the delivery of any financial statements pursuant to (i) Section 6.1, (x) a Compliance Certificate
containing all information and calculations necessary for determining compliance by each Loan Party with the provisions of
this Agreement referred to therein as of the last day of the applicable fiscal period of Holdings and (y) to the extent not
previously disclosed to the Administrative Agent, a description of any change in the jurisdiction of organization of any Loan
Party, and (ii) Section 6.1(a), starting with the financial statements to be delivered for fiscal year 2021, to the
extent not previously disclosed to the Administrative Agent, a list of any U.S. registered Intellectual Property issued to,
applied for, or acquired by any Loan Party since the date of the most recent report delivered pursuant to this clause (or, in
the case of the first such report so delivered, since the Closing Date) (excluding any Excluded Assets and any issuances or
registrations of Intellectual Property on applications that were included in a previous Intellectual Property Security
Agreement or a previous report delivered pursuant to this clause);

 

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(c)               
[reserved];

 

(d)               
promptly, and in any event within five (5) Business Days after receipt thereof by any Loan Party or any Subsidiary thereof,
copies of each notice or other correspondence received from the SEC (or comparable agency in any applicable non-U.S. jurisdiction)
concerning any investigation or possible investigation or other inquiry by such agency regarding financial or other operational
results of any Loan Party or any Subsidiary thereof (other than routine comment letters from the staff of the SEC relating to Holdings’
filings with the SEC);

 

(e)               
within five days after the same are sent, copies of each annual report, proxy or financial statement or other material report
that Holdings or the Borrower sends to the holders of any class of any Group Member’s debt securities or public equity securities
and, within five days after the same are filed, copies of all annual, regular, periodic and special reports and registration statements
which Holdings or the Borrower may file with the SEC under Section 13 or 15(d) of the Exchange Act, or with any national securities
exchange, and not otherwise required to be delivered to the Administrative Agent pursuant hereto;

 

(f)                
upon reasonable request by the Administrative Agent, within five days after the same are sent or received, copies of all
correspondence, reports, documents and other filings with any Governmental Authority regarding compliance with or maintenance of
Governmental Approvals or Requirements of Law that could reasonably be expected to have a Material Adverse Effect on any of the
Governmental Approvals or otherwise on the operations of the Group Members; and

 

(g)               
promptly, such additional financial and other information as the Administrative Agent or any Lender making such request
through the Administrative Agent may from time to time reasonably request with respect to Holdings and its Subsidiaries.

 

6.3              
[Reserved].

 

6.4              
Payment of Obligations. Pay, discharge or otherwise satisfy at or before maturity or before they become delinquent,
as the case may be, all its material obligations of whatever nature, except where the amount or validity thereof is currently being
contested in good faith by appropriate proceedings and reserves in conformity with GAAP with respect thereto have been provided
on the books of the relevant Group Member.

 

6.5               Maintenance
of Existence; Compliance. (a)(i) Preserve, renew and keep in full force and effect its organizational existence and
(ii) take all reasonable action to maintain or obtain all Governmental Approvals and all other rights, privileges and
franchises necessary or desirable in the normal conduct of its business or necessary for the performance by such Person of
its Obligations under any Loan Document, except, in each case, as otherwise permitted by Section 7.4 and except,
in the case of clause (ii) above, to the extent that failure to do so could not reasonably be expected to have a
Material Adverse Effect; (b) comply with all Contractual Obligations and Requirements of Law except, in each case, to
the extent that failure to comply therewith could not, in the aggregate, reasonably be expected to have a Material Adverse
Effect; and (c) comply with all Governmental Approvals, and any term, condition, rule, filing or fee obligation, or
other requirement related thereto, except to the extent that failure to do so could not reasonably be expected to have a
Material Adverse Effect. Without limiting the generality of the foregoing, the Borrower shall, and shall cause each of its
ERISA Affiliates to: (1) maintain each Plan in compliance in all material respects with the applicable provisions of
ERISA, the Code or other Federal or state law; (2) cause each Qualified Plan to maintain its qualified status under
Section 401(a) of the Code; (3)  not become a party to any Multiemployer Plan; (4) ensure that all
liabilities under each Plan are either (x) funded to at least the minimum level required by law or, if higher, to the
level required by the terms governing such Plan; (y) insured with a reputable insurance company; or (z) provided
for or recognized in the financial statements most recently delivered to the Administrative Agent and the Lenders pursuant
hereto; and (5) take commercially reasonable actions to ensure that the contributions or premium payments to or in
respect of each Plan are paid at no less than the rates required under the rules of such Plan and in accordance with the most
recent actuarial advice received in relation to such Plan and applicable law.

 

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6.6              
Maintenance of Property; Insurance. (a) Keep all property useful and necessary in its business in good working order
and condition, ordinary wear and tear and casualty excepted, (b) maintain with financially sound and reputable insurance companies
insurance on all its property in at least such amounts and against at least such risks (but including in any event public liability,
product liability and business interruption) as are usually insured against in the same general area by companies engaged in the
same or a similar business, and (c) maintain flood insurance on all real property subject to a Mortgage as required under Section
6.12(b).

 

6.7              
Inspection of Books and Records; Discussions. (a) Keep proper books of records and account in which full, true
and correct entries in conformity with GAAP and all Requirements of Law shall be made of all dealings and transactions in relation
to its business and activities and (b) on 5 Business Days’ notice (provided that no notice shall be required if an Event
of Default has occurred and is continuing) permit representatives and independent contractors of the Administrative Agent (who
may be accompanied by any Lender) to examine and make abstracts from any of its books and records at any reasonable time and as
often as may reasonably be desired and to discuss the business, operations, properties and financial and other condition of the
Group Members with officers, directors and employees of the Group Members and with their independent certified public accountants;
provided that (i) such inspections shall not be undertaken more frequently than once every 12 months unless an Event of
Default has occurred and is continuing, and (ii) nothing in this Section 6.7 shall require any Group Member to take any
action that would violate a confidentiality agreement (to the extent not created in contemplation of such Group Member’s
obligations hereunder) or waive any attorney-client or similar privilege.

 

6.8              
Notices 1.2. Give prompt written notice to the Administrative Agent of:

 

(a)               
the occurrence of any Default or Event of Default;

 

(b)               
any (i) default or event of default under any Contractual Obligation of any Group Member or (ii) litigation, investigation
or proceeding that may exist at any time between any Group Member and any Governmental Authority, that in either case, if not cured
or if adversely determined, as the case may be, could reasonably be expected to have a Material Adverse Effect;

 

(c)               
any litigation or proceeding affecting any Group Member which (i) could reasonably be expected to have a Material Adverse
Effect or (ii)  relates to any Loan Document;

 

(d)                (i)
promptly after the Borrower has knowledge or becomes aware of the occurrence of any of the following ERISA Events affecting
the Borrower or any ERISA Affiliate (but in no event more than ten days after such event), the occurrence of any of the
following ERISA Events, and shall provide the Administrative Agent with a copy of any notice with respect to such event that
may be required to be filed with a Governmental Authority and any notice delivered by a Governmental Authority to the
Borrower or any ERISA Affiliate with respect to such event: (A) an ERISA Event, (B) the adoption of any new Pension
Plan by the Borrower or any ERISA Affiliate, (C) the adoption of any amendment to a Pension Plan, if such amendment will
result in a material increase in contribution obligations or unfunded benefit liabilities (as defined in Section 4001(a)(18)
of ERISA), or (D) the commencement of contributions by the Borrower or any ERISA Affiliate to any Plan that is subject
to Title IV of ERISA or Section 412 of the Code; and

 

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(ii)       (A)
promptly after the giving, sending or filing thereof, or the receipt thereof, copies of (1) each Schedule B (Actuarial
Information) to the annual report (Form 5500 Series) filed by the Borrower or any of its ERISA Affiliates with the IRS with respect
to each Pension Plan, (2) all notices received by the Borrower or any of its ERISA Affiliates from a Multiemployer Plan sponsor
concerning an ERISA Event, and (3) copies of such other documents or governmental reports or filings relating to any Pension
Plan or Multiemployer Plan as the Administrative Agent shall reasonably request; and (B), without limiting the generality of the
foregoing, such certifications or other evidence of compliance with the provisions of Sections 4.13 and 7.9
as any Lender (through the Administrative Agent) may from time to time reasonably request;

 

(e)               
any material change in the information provided in the most recently delivered Beneficial Ownership Certification.

 

(f)                
any material change in accounting policies or financial reporting practices by any Loan Party; and

 

(g)               
any development or event that has had or could reasonably be expected to have a Material Adverse Effect.

 

Each notice pursuant
to this Section 6.8 shall be accompanied by a statement of a Responsible Officer of Holdings or the Borrower setting
forth details of the occurrence referred to therein and stating what action the relevant Group Member proposes to take with respect
thereto.

 

6.9              
Environmental Laws.

 

(a)               
Except as could not reasonably be expected to result in a Material Adverse Effect, comply with, and ensure compliance by
all tenants and subtenants, if any, with, all applicable Environmental Laws, and obtain and comply with and maintain, and ensure
that all tenants and subtenants obtain and comply with and maintain, any and all licenses, approvals, notifications, registrations
or permits required by applicable Environmental Laws.

 

(b)               
Except as could not reasonably be expected to result in a Material Adverse Effect, conduct and complete all investigations,
studies, sampling and testing, and all remedial, removal and other actions required under Environmental Laws and promptly comply
with all lawful orders and directives of all Governmental Authorities regarding Environmental Laws.

 

6.10          
Control Agreements. Maintain at least 70% of the Loan Parties’ Unrestricted Cash in accounts that are subjected
to a perfected first priority Lien in favor of the Administrative Agent, including by a Control Agreement (excluding any Unrestricted
Cash maintained in or credited to any deposit account or securities account that are comprised of (a) funds specifically and exclusively
used or to be used for payroll and payroll taxes and other employee benefit payments to or for the benefit of any Loan Party’s
employees, and (b) funds specifically and exclusively used or to be used to pay all Taxes required to be collected, remitted or
withheld (including withholding Taxes (including the employer’s share thereof))).

 

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6.11          
[Reserved].

 

6.12          
 Additional Collateral, Etc.

 

(a)               
With respect to any property (to the extent included in the definition of Collateral) acquired after the Closing Date by
any Loan Party (other than (x) any property described in paragraph (b), (c), (d) or (e) below, and (y) any property
subject to a Lien expressly permitted by Section 7.3(g)) as to which the Administrative Agent, for the benefit of the
Secured Parties, does not have a perfected Lien, promptly (and in any event within ten Business Days or such later date as the
Administrative Agent may agree in its sole discretion) take all actions necessary or advisable in the opinion of the Administrative
Agent to grant to the Administrative Agent, for the benefit of the Secured Parties, a perfected first priority (except as expressly
permitted by Section 7.3) security interest and Lien in such property, including the filing of Uniform Commercial Code
financing statements in such jurisdictions as may be required by the Guarantee and Collateral Agreement or by law or as may be
requested by the Administrative Agent.

 

(b)                With
respect to any fee interest in any real property having a fair market value (together with improvements thereof) of at least
$20,000,000 acquired after the Closing Date by any Loan Party (other than any such real property subject to a Lien expressly
permitted by Section 7.3(g)), promptly (and in
any event within sixty (60) days (or such longer time period as the Administrative Agent may agree in its sole discretion))
after such acquisition, to the extent requested by the Administrative Agent, (i) execute and deliver a first priority
Mortgage, in favor of the Administrative Agent, for the benefit of the Secured Parties, covering such real property, (ii) if
requested by the Administrative Agent, provide the Lenders with title and extended coverage insurance covering such real
property in an amount not in excess of the fair market value as reasonably estimated by the Borrower as well as a current
ALTA survey thereof, together with a surveyor’s certificate, each of the foregoing in form and substance reasonably
satisfactory to the Administrative Agent and (iii) if requested by the Administrative Agent, deliver to the Administrative
Agent legal opinions relating to the matters described above, which opinions shall be in form and substance, and from
counsel, reasonably satisfactory to the Administrative Agent. In connection with the foregoing, no later than five (5)
Business Days prior to the date on which a Mortgage is executed and delivered pursuant to this Section 6.12, in order
to comply with the Flood Laws, the Administrative Agent (for delivery to each Lender) shall have received the following
documents (collectively, the “Flood Documents”): (A) a completed standard “life of
loan” flood hazard determination form (a “Flood Determination Form”) and such other documents
as any Lender may reasonably request to complete its flood due diligence, (B) if the improvement(s) to the applicable
improved real property is located in a special flood hazard area, a notification to the applicable Loan Party (if applicable)
(“Loan Party Notice”) that flood insurance coverage under the National Flood Insurance Program
(“NFIP”) is not available because the community does not participate in the NFIP, (C) documentation
evidencing the applicable Loan Party’s receipt of any such Loan Party Notice (e.g., countersigned Loan Party Notice,
return receipt of certified U.S. Mail, or overnight delivery), and (D) if the Loan Party Notice is required to be given and,
to the extent flood insurance is required by any applicable Requirement of Law or any Lenders’ written regulatory or
compliance procedures and flood insurance is available in the community in which the property is located, a copy of one of
the following: the flood insurance policy, the applicable Loan Party’s application for a flood insurance policy plus
proof of premium payment, a declaration page confirming that flood insurance has been issued, or such other evidence of flood
insurance that complies with all applicable laws and regulations reasonably satisfactory to the Administrative Agent and each
Lender (any of the foregoing being “Evidence of Flood Insurance”). Notwithstanding anything
contained herein to the contrary, no Mortgage will be executed and delivered until each Lender has confirmed to the
Administrative Agent that such Lender has satisfactorily completed its flood insurance due diligence and compliance
requirements. Each of the parties hereto acknowledges and agrees that, if there are any Mortgaged Properties, any increase,
extension or renewal of any of the Revolving Commitments (including the provision of any Increase or any other incremental
credit facilities hereunder, but excluding (i) any continuation or conversion of borrowings, (ii) the making of any Revolving
Loans or (iii) the issuance, renewal or extension of Letters of Credit) shall be subject to (and conditioned upon): (A) the
prior delivery of all applicable Flood Documents with respect to such Mortgaged Properties as required by the Flood Laws and
as otherwise reasonably required by the Lenders and (B) the Administrative Agent having received written confirmation from
each Lenders that such Lender has satisfactorily completed its flood insurance due diligence and compliance requirements.

 

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(c)               
With respect to any new Subsidiary (other than an Excluded Subsidiary) created or acquired after the Closing Date by any
Loan Party (including pursuant to an Acquisition) or if an Excluded Subsidiary ceases to qualify as an Excluded Subsidiary, then
except to the extent compliance with this Section 6.12 is prohibited by existing Contractual Obligations (so long as such
prohibition is not incurred in contemplation of such acquisition or the obligations hereunder) or Requirements of Law binding on
such Subsidiary or its properties, promptly (i) execute and deliver to the Administrative Agent such amendments to the Guarantee
and Collateral Agreement as the Administrative Agent reasonably deems necessary or advisable to grant to the Administrative Agent,
for the benefit of the Secured Parties, a perfected first priority security interest in the Capital Stock of such Subsidiary that
is owned directly by such Loan Party, (ii) deliver to the Administrative Agent such
documents and instruments as may be required to grant, perfect, protect and ensure the priority of such security interest, including
but not limited to, the certificates representing such Capital Stock (if applicable), together with undated stock powers,
in blank, executed and delivered by a duly authorized officer of the relevant Loan Party, (iii) cause such Subsidiary (A) to become
a party to the Guarantee and Collateral Agreement, (B) to take such actions as are necessary or advisable in the opinion of the
Administrative Agent to grant to the Administrative Agent for the benefit of the Secured Parties a perfected first priority security
interest in the Collateral described in the Guarantee and Collateral Agreement, with respect to such Subsidiary, including the
filing of Uniform Commercial Code financing statements in such jurisdictions as may be required by the Guarantee and Collateral
Agreement or by law or as may be reasonably requested by the Administrative Agent and (C) to deliver to the Administrative Agent
a certificate of such Subsidiary, in a form reasonably satisfactory to the Administrative Agent, with appropriate insertions and
attachments, and (iv) if requested by the Administrative Agent, deliver to the Administrative Agent legal opinions relating to
the matters described above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Administrative
Agent.

 

(d)               
With respect to any direct Foreign Subsidiary or direct Foreign Subsidiary Holding Company that is not an Immaterial Subsidiary
created or acquired after the Closing Date by any Loan Party or if any direct Foreign Subsidiary or direct Foreign Subsidiary Holdings
Company no longer qualifies as an Immaterial Subsidiary, then except to the extent compliance with this Section 6.12 (x)
is prohibited by existing Contractual Obligations (so long as such prohibition is not incurred in contemplation of such acquisition
or the obligations hereunder) or Requirements of Law binding on such Subsidiary or its properties, or (y) could reasonably be expected
to result in liability to the directors or officers of any such Foreign Subsidiary under applicable Requirements of Law, promptly
(i) execute and deliver to the Administrative Agent such amendments to the Guarantee and Collateral Agreement, as the Administrative
Agent deems necessary or advisable to grant to the Administrative Agent, for the benefit of the Secured Parties, a perfected first
priority security interest in the Capital Stock of such Foreign Subsidiary or Foreign Subsidiary Holding Company that is directly
owned by any such Loan Party (provided that in no event shall more than 65% of the total outstanding voting Capital Stock
of any such Foreign Subsidiary or Foreign Subsidiary Holding Company be required to be so pledged) and (ii) deliver to the Administrative
Agent the certificates representing such Capital Stock (if certificated), together with undated stock powers, in blank, executed
and delivered by a duly authorized officer of the relevant Loan Party, and take such other action as may be necessary or, in the
opinion of the Administrative Agent, desirable to perfect the Administrative Agent’s security interest therein.

 

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(e)                With
respect to any U.S. registered Intellectual Property requiring notification to the Administrative Agent pursuant to Section
6.2(b), deliver within the time period specified in Section 6.2(b) intellectual property security agreements for filing with
the USPTO and/or USCRO (as applicable) pursuant to the terms of the Guarantee and Collateral Agreement in form and substance
satisfactory to the Administrative Agent.

 

(f)                
Notwithstanding anything herein to the contrary, other than to the extent required to comply with Section 6.10, no
foreign law Security Documents or other action to perfect a Lien in favor of the Administrative Agent under the laws of any foreign
jurisdiction shall be required.

 

6.13          
[Reserved].

 

6.14          
Use of Proceeds. Use the proceeds of each credit extension only for the purposes specified in Section 4.16.

 

6.15          
Designated Senior Indebtedness. Cause the Loan Documents and all of the Obligations to be deemed “Designated Senior
Indebtedness” or a similar concept thereto, if applicable, for purposes of any Indebtedness of the Loan Parties.

 

6.16          
Anti-Corruption Laws. Conduct its business in compliance in all material respects with all applicable anti-corruption
laws and maintain policies and procedures designated to promote and achieve compliance with such laws.

 

6.17          
Further Assurances. Execute any further instruments and take such further action as the Administrative Agent reasonably
deems necessary to perfect, protect, ensure the priority of or continue the Administrative Agent’s Lien on the Collateral
or to effect the purposes of this Agreement.

 

SECTION 7

NEGATIVE COVENANTS

 

Holdings and the Borrower
hereby jointly and severally agrees that, at all times prior to the Discharge of Obligations, no Loan Party shall, nor shall any
Loan Party permit any of its respective Subsidiaries to, directly or indirectly:

 

7.1              
Financial Condition Covenants.

 

(a)               
Minimum Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio, as at the last day
of any period of four consecutive trailing fiscal quarters of Holdings, commencing with the four consecutive trailing fiscal quarter
period of Holdings ending January 31, 2021, to be less than 3.00:1.00.

 

(b)               
Maximum Consolidated Senior Secured Leverage Ratio. Permit the Consolidated Senior Secured Leverage Ratio, as at
the last day of any period of four consecutive trailing fiscal quarters of Holdings, commencing with the four consecutive trailing
fiscal quarter period ending January 31, 2021 and continuing through the four consecutive trailing fiscal quarter period ending
January 31, 2023, to be greater than 3.00:1.00.

 

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(c)               
Maximum Consolidated Total Leverage Ratio. Permit the Consolidated Total Leverage Ratio, as at the last day of any
period of four consecutive trailing fiscal quarters of Holdings to be greater than the ratio set forth below opposite such period:

 

	Four Fiscal Quarter Period Ending	Maximum Consolidated Total 

Leverage Ratio
	January 31, 2021	5.50:1.00
	April 30, 2021	5.50:1.00
	July 31, 2021	5.00:1.00
	October 31, 2021	5.00:1.00
	January 31, 2022	4.50:1.00
	April 30, 2022	4.50:1.00
	July 31, 2022	4.00:1.00
	October 31, 2022	4.00:1.00
	January 31, 2023 and the last day of each fiscal quarter thereafter	3.50:1.00

 

Notwithstanding the foregoing,
if a Group Member consummates a Qualified Acquisition during any fiscal quarter (or, in the case of any test hereunder calculated
on a Pro Forma Basis, subsequent to the last day of such period and on or prior to the date of such test), the Borrower may elect
to increase each of the applicable Consolidated Senior Secured Leverage Ratio and Consolidated Total Leverage Ratio covenant levels
by 0.50:1.00 for the purposes of determining compliance with Section 7.1(b) and Section 7.1(c) as of the last day
of each fiscal quarter ending during the four quarters following such Qualified Acquisition (or, in the case of any test hereunder
calculated on a Pro Forma Basis, as of the last day of the fiscal quarter used in calculating such test) (an “Increased
Leverage Threshold Period”); provided, further, that the Borrower shall not be permitted to elect an
Increased Leverage Threshold Period if, at the end of either of the two fiscal quarters preceding the consummation of such Qualified
Acquisition, an Increased Leverage Threshold Period was then in effect.

 

7.2              
Indebtedness. Create, issue, incur, assume, become liable in respect of or suffer to exist any Indebtedness, except:

 

(a)               
Indebtedness of any Loan Party pursuant to any Loan Document and under any Cash Management Agreement;

 

(b)               
Indebtedness of (i) any Loan Party owing to any other Loan Party; (ii) any Group Member (which is not a Loan Party) owing
to any other Group Member (which is not a Loan Party); (iii) any Group Member (which is not a Loan Party) owing to any Loan Party,
which constitutes an Investment permitted by Section 7.8(f)(iii); provided, that, such Indebtedness owing to a Loan Party
shall be evidenced by a master promissory note and such promissory note shall be pledged as Collateral; and (iv) any Loan Party
owing to any Group Member (which is not a Loan Party); provided that such Indebtedness is subordinated to the Obligations on terms
and conditions reasonably acceptable to the Administrative Agent;

 

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(c)                Guarantee
Obligations (i) of any Loan Party of the Indebtedness of any other Loan Party; (ii) of any Group Member (which is not a Loan
Party) of the Indebtedness of any Loan Party (unless such Indebtedness is not permitted to be an obligation of a Group Member
that is not a Loan Party pursuant to the terms hereof); (iii) by any Group Member (which is not a Loan Party) of the
Indebtedness of any other Group Member (which is not a Loan Party) or (iv) of any Loan Party of the Indebtedness of any Group
Member that is not a Loan Party, so long as the aggregate amount of such Guarantee Obligations is an Investment permitted by Section
7.8(f)(iii); provided that, in any case of clauses (i), (ii), (iii) or (iv), the underlying Indebtedness so guaranteed is
otherwise permitted by the terms hereof;

 

(d)               
Indebtedness outstanding on the date hereof and listed on Schedule 7.2(d) and Permitted Refinancing thereof;

 

(e)               
Indebtedness (including, without limitation, Capital Lease Obligations and purchase money financing) secured by Liens permitted
by Section 7.3(g) in an aggregate principal amount not to exceed $50,000,000 at any one time outstanding and any Permitted
Refinancing thereof;

 

(f)                
Subordinated Indebtedness; provided that such Indebtedness shall not have a maturity date that is earlier than 180
days after the Revolving Termination Date;

 

(g)               
Surety Indebtedness and any other Indebtedness in respect of letters of credit, banker’s acceptances or similar arrangements,
provided that the aggregate amount of any such Indebtedness outstanding at any time shall not exceed $10,000,000;

 

(h)               
Unsecured Notes so long as (i) immediately prior to and after giving effect to the incurrence thereof, no Event of Default
has occurred and is continuing, and (ii) immediately after giving effect to the incurrence thereof, the Group Members shall be
in compliance with each of the covenants set forth in Section 7.1 (provided that each of the Consolidated Senior Secured
Leverage Ratio and the Consolidated Total Leverage Ratio shall be calculated without netting Unrestricted Cash constituting the
proceeds of such Indebtedness from the numerator of such definitions) giving pro forma effect to the incurrence of such Indebtedness
and the application of the proceeds thereof as of the most recent quarter for which financial statements were required to be delivered
hereunder (or if such Indebtedness is incurred prior to the date that financial statements for the fiscal year ending January 31,
2021 have been delivered, the same covenant levels applicable to the trailing four quarter period ending on January 31, 2021 shall
be tested as of October 31, 2020) and any Permitted Refinancing thereof; and

 

(i)                
obligations (contingent or otherwise) of Holdings or any of its Subsidiaries existing or arising under any Swap Agreement,
provided that such obligations are (or were) entered into by such Person in accordance with Section 7.13 and
not for purposes of speculation;

 

(j)                
Indebtedness of a Person (other than a Loan Party or an existing Subsidiary) existing at the time such Person is merged
with or into a Loan Party or a Subsidiary or becomes a Subsidiary, provided that (i) such Indebtedness was not, in
any case, incurred by such other Person in connection with, or in contemplation of, such merger or acquisition, (ii) such
merger or acquisition constitutes a permitted Investment, (iii) with respect to any such Person who becomes a Subsidiary,
(A) such Subsidiary and any of its Subsidiaries are the only obligors in respect of such Indebtedness, and (B) to the
extent such Indebtedness is permitted to be secured hereunder, only the assets of such Subsidiary and any of its Subsidiaries secure
such Indebtedness, and (iv) the aggregate amount of such Indebtedness does not exceed $50,000,000 in the aggregate;

 

(k)               
Indebtedness incurred as a result of endorsing negotiable instruments received in the ordinary course of business;

 

(l)                 Indebtedness
in the form of purchase price adjustments, earn outs, deferred compensation, or other arrangements representing acquisition
consideration or deferred payments of a similar nature incurred in connection with Investments permitted by Section
7.8; provided that the amount of such obligation shall be deemed part of the cost of such Investment (the amount of which
shall be deemed to be the amount required to be accrued as a liability in accordance with GAAP or the amount actually
paid);

 

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(m)               
Indebtedness consisting of the financing of insurance premiums;

 

(n)               
Indebtedness incurred with corporate credit cards, in an aggregate amount not to exceed $5,000,000 at any one time outstanding;

 

(o)               
Ratio Debt so long as (i) immediately prior to and after giving effect to the incurrence thereof, no Event of Default has
occurred and is continuing, and (ii) immediately after giving effect to the incurrence thereof, the Group Members shall be in compliance
with each of the covenants set forth in Section 7.1 (provided that each of the Consolidated Senior Secured Leverage Ratio
and the Consolidated Total Leverage Ratio shall be calculated without netting Unrestricted Cash constituting the proceeds of such
Indebtedness from the numerator of such definitions) giving pro forma effect to the incurrence of such Indebtedness and the application
of the proceeds thereof as of the most recent quarter for which financial statements were required to be delivered hereunder (or
if such Indebtedness is incurred prior to the date that financial statements for the fiscal year ending January 31, 2021 have been
delivered, the same covenant levels applicable to the trailing four quarter period ending on January 31, 2021 shall be tested as
of October 31, 2020) and any Permitted Refinancing thereof; and

 

(p)               
Indebtedness not otherwise permitted by this Section in an aggregate amount not to $25,000,000 at any time outstanding.

 

7.3              
Liens. Create, incur, assume or suffer to exist any Lien upon any of its property, whether now owned or hereafter acquired,
except:

 

(a)               
Liens for taxes not yet due or that are being contested in good faith by appropriate proceedings; provided that adequate
reserves with respect thereto are maintained on the books of the applicable Group Member in conformity with GAAP;

 

(b)              
carriers’, warehousemen’s, landlord’s, mechanics’, materialmen’s, repairmen’s or other
like Liens arising in the ordinary course of business;

 

(c)               
pledges or deposits in connection with workers’ compensation, unemployment insurance and other social security legislation;

 

(d)              
deposits to secure the performance of bids, trade contracts (other than for borrowed money), leases, statutory obligations,
surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business (other
than for Indebtedness or any Liens arising under ERISA) or deposits made in connection with permitted Investments;

 

(e)              
easements, rights-of-way, restrictions and other similar encumbrances incurred in the ordinary course of business that,
in the aggregate, are not substantial in amount and that do not in any case materially detract from the value of the property subject
thereto or materially interfere with the ordinary conduct of the business of the applicable Group Member;

 

(f)                
Liens in existence on the date hereof listed on Schedule 7.3(f) to the Disclosure Letter; provided that (i)
no such Lien is spread to cover any additional property after the Closing Date, (ii) the amount of Indebtedness or obligations
secured or benefitted thereby is not increased, (iii) the direct or any contingent obligor with respect thereto is not changed,
and (iv) any renewal or extension of the obligations secured thereby is permitted by Section 7.2(d);

 

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(g)               
 Liens securing Indebtedness incurred pursuant to Section 7.2(e) to finance the acquisition of fixed or capital assets;
provided that (i) such Liens shall be created substantially simultaneously with, or within ninety (90) days after, the acquisition
of such fixed or capital assets, (ii) such Liens do not at any time encumber any property other than the property financed by such
Indebtedness, and (iii) the amount of Indebtedness secured thereby is not increased, except by an amount permitted by Section
7.2(e);

 

(h)               
Liens created pursuant to the Security Documents;

 

(i)                
(x) any interest or title of a lessor or licensor under any lease or license entered into by a Group Member in the ordinary
course of its business and covering only the assets so leased or licensed, (y) leases, licenses, subleases and sublicenses of real
property granted to others in the ordinary course of business and (z) non-exclusive licenses or sublicenses of Intellectual Property
in the ordinary course of business;

 

(j)                
judgment Liens that do not constitute a Default or an Event of Default under Section 8.1(h) of this Agreement;

 

(k)              
bankers’ Liens, rights of setoff and other similar Liens existing solely with respect to cash, Cash Equivalents, securities,
commodities and other funds on deposit in one or more accounts maintained by a Group Member, in each case arising in the ordinary
course of business in favor of banks, other depositary institutions, securities or commodities intermediaries or brokerages with
which such accounts are maintained securing amounts owing to such banks or financial institutions with respect to cash management
and operating account management or are arising under Section 4-208 or 4-210 of the UCC on items in the course of collection;

 

(l)               
(i) cash deposits and liens on cash and Cash Equivalents pledged to secure Indebtedness permitted under Section 7.2(g),
(ii) Liens securing reimbursement obligations with respect to letters of credit permitted by Section 7.2(g) that encumber
documents and other property relating to such letters of credit, and (iii) Liens securing Obligations under any Specified Swap
Agreements permitted by Section 7.2(i);

 

(m)             
Liens securing Subordinated Indebtedness incurrent pursuant to Section 7.2(f);

 

(n)              
Liens on property of a Person existing at the time such Person is acquired by, merged into or consolidated with a Group
Member or becomes a Subsidiary of a Group Member or acquired by a Group Member; provided that (i) such Liens were not
created in contemplation of such acquisition, merger, consolidation or Investment, (ii) such Liens do not extend to any assets
other than those of such Person, and (iii) the applicable Indebtedness or obligation secured by such Lien is not prohibited
under Section 7.2;

 

(o)              
the replacement, extension or renewal of any Lien permitted by clause (m) above upon or in the same property theretofore
subject thereto or the replacement, extension or renewal (without increase in the amount or change in any direct or contingent
obligor) of the Indebtedness secured thereby;

 

(p)              
Liens not otherwise permitted by this Section so long as neither (i) the aggregate outstanding principal amount of
the obligations secured thereby nor (ii) the aggregate fair market value (determined as of the date such Lien is incurred) of the
assets subject thereto exceeds (as to all Group Members) $25,000,000 at any one time;

 

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(q)               
 Liens on insurance proceeds in favor of insurance companies granted solely to secured financed insurance premiums;

 

(r)                
Liens in favor of custom and revenue authorities arising as a matter of law to secure the payment of custom duties in connection
with the importation of goods;

 

(s)               
Liens on any earnest money deposits required in connection with a permitted Investment or consisting of earnest money deposits
required in connection with an acquisition of property not otherwise prohibited hereunder; and

 

(t)               
Liens securing Indebtedness permitted by Section 7.2(p).

 

7.4              
Fundamental Changes. Consummate any merger, consolidation, amalgamation, division of or by a limited company, or an
allocation of assets to a series of a limited liability company (or the unwinding of such division or allocation), or liquidate,
wind up or dissolve itself (or suffer any liquidation or dissolution), or Dispose of all or substantially all of its property or
business, except that:

 

(a)               
(i) any Group Member that is not a Loan Party may be merged, amalgamated or consolidated with or into (A) any Loan Party
(provided that a Loan Party shall be the continuing or surviving Person, or the continuing or surviving Person shall become a Loan
Party substantially contemporaneous with such merger, amalgamation or consolidation) or (B) any Group Member that is not a Loan
Party, and (ii) any Loan Party other than Holdings may be merged, amalgamated or consolidated with or into with any other Loan
Party (provided that if such merger, amalgamation or consolidation involves the Borrower, the Borrower shall be the continuing
or surviving Person);

 

(b)               
(i) any Group Member that is not a Loan Party may Dispose of any or all of its assets (including upon voluntary liquidation,
dissolution or otherwise) (A) to any other Group Member or (B) pursuant to a Disposition permitted by Section 7.5; and (ii)
any Loan Party (other than the Borrower or Holdings) may Dispose of any or all of its assets (including upon voluntary liquidation,
dissolution or otherwise) (A) to any other Loan Party or (B) pursuant to a Disposition permitted by Section 7.5;

 

(c)               
any Investment expressly permitted by Section 7.8 may be structured as a merger, consolidation or amalgamation;
and

 

(d)              
any Subsidiary that is a limited liability company may consummate a Division as the Dividing Person if, immediately upon
the consummation of the Division, the assets of the applicable Dividing Person are held by one or more Loan Parties.

 

7.5              
Disposition of Property. Dispose of any of its property, whether now owned or hereafter acquired, or, in the case of
any Subsidiary of Holdings, issue or sell any shares of such Subsidiary’s Capital Stock to any Person, except:

 

(a)               
Dispositions of obsolete, worn out or surplus property in the ordinary course of business;

 

(b)              
Dispositions of Inventory in the ordinary course of business;

 

(c)              
Dispositions permitted by Sections 7.4(b)(i)(A) and (b)(ii)(A);

 

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(d)               
 the sale or issuance of the Capital Stock of a Subsidiary of Holdings (i) to the Borrower or any other Loan Party, or (ii)
by a Subsidiary that is not a Loan Party to another Subsidiary that is not a Loan Party or (iii) in connection with any transaction
that does not result in a Change of Control;

 

(e)               
the use or transfer of money, cash or Cash Equivalents in a manner that is not prohibited by the terms of this Agreement
or the other Loan Documents;

 

(f)               
the non-exclusive licensing or sublicensing of patents, trademarks, copyrights, and other Intellectual Property rights in
the ordinary course of business;

 

(g)               
the Disposition of property (i) from any Loan Party to any other Loan Party, and (ii) from any Group Member (which is not
a Loan Party) to any other Group Member; provided that in each case in which there is a Lien over the relevant property in favor
of the Administrative Agent in advance of the Disposition, an equivalent Lien will be granted to the Administrative Agent by the
Group Member which acquires the property;

 

(h)               
Dispositions of property subject to a Casualty Event;

 

(i)                
leases or subleases of real property;

 

(j)                
the sale or discount without recourse of accounts receivable arising in the ordinary course of business in connection with
the compromise or collection thereof;

 

(k)               
any abandonment, lapse, cancellation, non-renewal or discontinuance of use or maintenance of Intellectual Property (or rights
relating thereto) of any Group Member that the Borrower determines in good faith is desirable in the conduct of its business and
not materially disadvantageous to the interests of the Lenders;

 

(l)                
Dispositions of other property, provided that (i) at the time of any such Disposition, no Event of Default shall
have occurred and be continuing or would result from such Disposition and (ii) in the case of Dispositions of other property having
a book value exceeding 5.0% of Consolidated Tangible Assets of Holdings and its consolidated Subsidiaries in the aggregate for
any fiscal year of Holdings (x) the Group Member shall have received at least 75% of the consideration for such Disposition in
the form of cash or Cash Equivalents, and (y) such Disposition shall be for fair market value of the assets Disposed of (as reasonably
determined by the Loan Parties in good faith); and

 

(m)               
Restricted Payments permitted by Section 7.6, Investments permitted by Section 7.8 and Liens permitted by
Section 7.3.

 

7.6              
Restricted Payments. Declare or pay any dividend (other than dividends payable solely in Capital Stock (other than Disqualified
Stock) of the Person making such dividend) on, or make any payment on account of, or set apart assets for a sinking or other analogous
fund for, the purchase, redemption, defeasance, retirement or other acquisition of, any Capital Stock of any Group Member, whether
now or hereafter outstanding, or make any other distribution in respect thereof, either directly or indirectly, whether in cash
or property or in obligations of any Group Member (collectively, “Restricted Payments”), except that:

 

(a)               
any Group Member may make Restricted Payments to any Loan Party (including dividends to Holdings to pay any taxes that are
due and payable by Holdings, including by Holdings and the Borrower as part of a consolidated group) and any Group Member that
is not a Loan Party may make Restricted Payments to any other Group Member;

 

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(b)               
 so long as no Event of Default shall have occurred and be continuing at the time of any such Restricted Payment or would
result therefrom, each Loan Party may (i) purchase Capital Stock from present or former officers, directors or employees of
any Group Member upon the death, disability or termination of employment of such officer, director or employee; provided
that the aggregate amount of payments made under this clause (i) shall not exceed $10,000,000 during any fiscal year of Holdings,
and (ii) declare and make dividend payments or other distributions payable solely in Capital Stock (other than Disqualified Stock)
of Holdings;

 

(c)               
each Group Member may purchase, redeem or otherwise acquire Capital Stock issued by it with the proceeds received from the
substantially concurrent issue of new shares of its Capital Stock (other than Disqualified Stock); provided that any such
issuance is otherwise permitted hereunder (including by Section 7.5(d));

 

(d)               
(i) each Group Member may make repurchases of Capital Stock deemed to occur upon exercise of stock options or warrants if
such repurchased Capital Stock represents a portion of the exercise price of such options or warrants, and (ii) each Group Member
may make repurchases of Capital Stock deemed to occur upon the withholding of a portion of the Capital Stock issued, granted or
awarded to a current or former officer, director, employee or consultant to pay for the taxes payable by such Person upon such
issuance, grant or award (or upon vesting thereof);

 

(e)               
each Group Member may deliver its common Capital Stock upon conversion of any convertible Indebtedness having been issued
by Holding or the Borrower; provided that such Indebtedness is otherwise permitted by Section 7.2; and

 

(f)                
the Group Members may make payments in respect of Subordinated Indebtedness solely to the extent permitted by Section
7.22;

 

(g)               
[reserved];

 

(h)               
Restricted Payments in an aggregate principal amount not to exceed the Available Amount, so long as (i) after giving effect
thereto on a Pro Forma Basis as if such Restricted Payment had been made on the last day of the most recent fiscal quarter of Holdings
for which financial statements have been delivered hereunder, the Borrower would have been in compliance with the covenants set
forth in Section 7.1 (or if such payment is made prior to the date that financial statements for the fiscal year ending
January 31, 2021 have been delivered, the same covenant levels applicable to the trailing four quarter period ending on January
31, 2021 shall be tested as of October 31, 2020), (ii) no Event of Default has occurred and is continuing or would immediately
result therefrom, and (iii) the Borrower shall have delivered five (5) Business Days prior to making such Restricted Payment (x)
an Available Amount Certificate and (y) a certificate signed by a Responsible Officer of the Borrower certifying the conditions
specified in the foregoing clauses (h)(i) and (ii) have been satisfied and containing all information and calculations necessary
for determining compliance with the foregoing clause (h)(i);

 

(i)                
so long as no Event of Default shall have occurred and be continuing at the time of any such Restricted Payment or would
result therefrom, Restricted Payments not to exceed $10,000,000 during any fiscal year of Holdings; and

 

(j)                
other Restricted Payments so long as immediately after giving effect thereto, the Payment Conditions are satisfied.

 

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7.7              
[Reserved].

 

7.8              
 Investments. Make any advance, loan, extension of credit (by way of guarantee or otherwise) or capital contribution
to, or purchase any Capital Stock, bonds, notes, debentures or other debt securities of, or any assets constituting a business
unit of, or make any other investment in, any Person (all of the foregoing, “Investments”), except:

 

(a)               
extensions of trade credit in the ordinary course of business;

 

(b)               
Investments in cash and Cash Equivalents;

 

(c)               
Guarantee Obligations permitted by Section 7.2 and Guarantee Obligations of obligations not constituting Indebtedness
in the ordinary course of business;

 

(d)               
loans and advances to employees, officers, consultants and directors of any Group Member in the ordinary course of business
(including for travel, entertainment and relocation expenses) in an aggregate amount for all Group Members not to exceed $5,000,000
at any one time outstanding;

 

(e)               
Investments existing on the Closing Date and set forth on Schedule 7.8 to the Disclosure Letter;

 

(f)                
intercompany Investments by (i) any Loan Party in any other Loan Party, (ii) any Group Member that is not a Loan Party in
any other Group Member, or (iii) any Loan Party in any Group Member that is not a Loan Party to the extent (x) no Default or Event
of Defaults exists or would result therefrom, and (y) such Investments do not exceed $25,000,000 at any time;

 

(g)               
Investments in the ordinary course of business consisting of endorsements of negotiable instruments for collection or deposit;

 

(h)               
Investments received in settlement of amounts due to any Group Member effected in the ordinary course of business or owing
to such Group Member as a result of Insolvency Proceedings involving an Account Debtor or upon the foreclosure or enforcement of
any Lien in favor of such Group Member;

 

(i)                
Investments held by any Person as of the date such Person is acquired in connection with a permitted Investment, provided
that (A) such Investments were not made, in any case, by such Person in connection with, or in contemplation of, such permitted
Investment, and (B) with respect to any such Person which becomes a Subsidiary as a result of such permitted Investment, such Subsidiary
remains the only holder of such Investment (except in the case of Cash Equivalents);

 

(j)                
Investments, if immediately after giving effect to such Investment, the Payment Conditions are satisfied;

 

(k)               
deposits made to secure the performance of leases, licenses or contracts in the ordinary course of business, and other deposits
made in connection with the incurrence of Liens permitted under Section 7.3;

 

(l)                
the licensing or contribution of Intellectual Property pursuant to joint marketing or joint venture arrangements with other
Persons in the ordinary course of business;

 

(m)             
promissory notes and other non-cash consideration received in connection with Dispositions permitted by Section 7.5,
to the extent not exceeding the limits specified therein with respect to the receipt of non-cash consideration in connection with
such Dispositions; and

 

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(n)               
 Investments in an aggregate principal amount not to exceed the Available Amount, so long as (i) after giving effect thereto
on a Pro Forma Basis as if such Investment had been made on the last day of the most recent fiscal quarter of Holdings for which
financial statements have been delivered hereunder, the Borrower would have been in compliance with the covenants set forth in
Section 7.1 (or if such Investment is made prior to the date that financial statements for the fiscal year ending January
31, 2021 have been delivered, the same covenant levels applicable to the trailing four quarter period ending on January 31, 2021
shall be tested as of October 31, 2020), (ii) no Event of Default has occurred and is continuing or would immediately result therefrom
(other than in connection with a Limited Condition Acquisition, in which case there shall be no Event of Default as of the LCA
Test Date and no Event of Default under Section 8.1(a) or (f) as of the date of such acquisition) and (iii) the Borrower
shall have delivered five (5) Business Days prior to making such Investment (x) an Available Amount Certificate and (y) a certificate
signed by a Responsible Officer of the Borrower certifying the conditions specified in the foregoing clauses (n)(i) and (ii) have
been satisfied and containing all information and calculations necessary for determining compliance with the foregoing clause (n)(i);

 

(o)               
Investments in CrowdStrike Falcon Fund LLC in an aggregate amount not to exceed $25,000,000 at any time;

 

(p)               
purchases or other acquisitions by any Group Member of the Capital Stock in a Person that, upon the consummation thereof,
will be a wholly-owned Subsidiary (other than qualifying director shares pursuant to applicable Requirements of Law) (including
as a result of a merger or consolidation) or all or substantially all of the assets of, or assets constituting one or more business
units of, any Person; provided that, with respect to each such purchase or other acquisition:

 

(i)                
the newly-created or acquired Subsidiary (or assets acquired in connection with such asset sale) shall be (x) in the
same or a related line of business as that conducted by the Borrower on the date hereof, or (y) in a business permitted by
Section 7.17;

 

(ii)              
all transactions related to such purchase or acquisition shall be consummated in all material respects in accordance with
all Requirements of Law;

 

(iii)            
(x) immediately before and immediately after giving effect to any such purchase or other acquisition, no Event of Default
shall have occurred and be continuing (other than in connection with a Limited Condition Acquisition, in which case there shall
be no Default or Event of Default as of the LCA Test Date and no Event of Default under Section 8.1(a) or (f) on
the date of such purchase) and (y) immediately after giving effect to such purchase or other acquisition (other than in connection
with a Limited Condition Acquisition, in which case as of the LCA Test Date), Holdings and the Borrower and its Subsidiaries shall
on a pro forma basis be in compliance with each of the covenants set forth in Section 7.1 (or if such purchase or acquisition
is made or consummated prior to the date that financial statements for the fiscal year ending January 31, 2021 have been delivered,
the same covenant levels applicable to the trailing four quarter period ending on January 31, 2021 shall be tested as of October
31, 2020);

 

(iv)             
such purchase or acquisition shall not constitute an Unfriendly Acquisition; and

 

(v)                if
the consideration to be paid (or payable) in connection with such purchase or acquisition is greater than $75,000,000, at
least five (5) Business Days’ prior to the consummation of the purchase or other acquisition, the Borrower shall
provide to the Administrative Agent (or such shorter period as the Administrative Agent may agree) (A) written notice of such
purchase or other acquisition, (B) a copy of all business and financial information reasonably available to the Borrower, and
(C) a certificate of a Responsible Officer, certifying that after giving effect to the completion of such purchase or other
acquisition, on a pro forma basis, the Borrower will be in compliance with clause (p)(iii) above; and

 

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(q)               
to the extent constituting Investments, advances in respect of transfer pricing and cost-sharing arrangements (i.e. "cost-plus"
arrangements) that are in the ordinary course of business.

 

7.9              
ERISA. The Borrower shall not, and shall not permit any of its ERISA Affiliates to: (a) terminate any Pension Plan
so as to result in any material liability to the Borrower or any ERISA Affiliate, (b) permit to exist any ERISA Event, or
any other event or condition, which presents the risk of a material liability to any ERISA Affiliate, (c) make a complete
or partial withdrawal (within the meaning of ERISA Section 4201) from any Multiemployer Plan so as to result in any material
liability to the Borrower or any ERISA Affiliate, (d) enter into any new Pension Plan or Multiemployer Plan or modify any
existing Pension Plan or Multiemployer Plan so as to increase its obligations thereunder which could be reasonably likely to result
in material liability to any ERISA Affiliate or  permit the present value of all nonforfeitable accrued benefits under any
Plan (using the actuarial assumptions utilized by the PBGC upon termination of a Plan) materially to exceed the fair market value
of Plan assets allocable to such benefits, all determined as of the most recent valuation date for each such Plan, or (e) engage
in any transaction which would cause any obligation, or action taken or to be taken, hereunder (or the exercise by the Administrative
Agent or any Lender of any of its rights under this Agreement, any Note or the other Loan Documents) to be a non-exempt (under
a statutory or administrative class exemption) prohibited transaction under Section 406 of ERISA or Section 4975 of the Code with
respect to a Plan.

 

7.10          
[Reserved].

 

7.11          
Transactions with Affiliates. Enter into any transaction, including any purchase, sale, lease or exchange of property,
the rendering of any service or the payment of any management, advisory or similar fees, with any Affiliate (other than any other
Loan Party) unless such transaction is (a) (i) otherwise permitted under this Agreement and (ii) upon fair and reasonable
terms no less favorable to the relevant Group Member than it would obtain in a comparable arm’s length transaction with a
Person that is not an Affiliate, (b) a Restricted Payment permitted by Section 7.6, or (c) reasonable and customary indemnification
arrangements, employee benefits, compensation arrangements (including equity-based compensation and bonuses), and reimbursement
of expenses of employees, consultants, officers, and directors, in each case, approved by the board of directors or management
of Holdings or its Subsidiaries.

 

7.12          
Sale Leaseback Transactions. Enter into any Sale Leaseback Transaction, except in connection with transactions that
would be permitted under Sections 7.2(e) and 7.3(g).

 

7.13          
Swap Agreements. Enter into any Swap Agreement, except Swap Agreements which are entered into by a Group Member to (a)
hedge or mitigate risks to which such Group Member has actual exposure, or (b) 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 of such Group Member.

 

7.14          
Accounting Changes. Make any change in its (a) accounting policies or reporting practices, except as required by GAAP,
or (b) fiscal year.

 

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7.15           Negative
Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of
any Loan Party to create, incur, assume or suffer to exist any Lien upon any of its property or revenues, whether now owned
or hereafter acquired, to secure its Obligations under the Loan Documents to which it is a party, other than (a) this
Agreement and the other Loan Documents, (b) any agreements governing any purchase money Liens or Capital Lease Obligations
otherwise permitted hereby (in which case, any prohibition or limitation shall only be effective against the assets financed
thereby), (c) customary restrictions on the assignment of leases, licenses and other agreements, (d) any agreement
in effect at the time any Subsidiary becomes a Subsidiary of a Loan Party, so long as such agreement was not entered into
solely in contemplation of such Person becoming a Subsidiary or, in any such case, that is set forth in any agreement
evidencing any amendments, restatements, supplements, modifications, extensions, renewals and replacements of the foregoing,
so long as such amendment, restatement, supplement, modification, extension, renewal or replacement applies only to such
Subsidiary and does not otherwise expand in any material respect the scope of any restriction or condition contained therein,
and (e) any restriction pursuant to any document, agreement or instrument governing or relating to any Lien permitted
under Sections 7.3(c), (d), (f), (g), (l), (m), (n), (o), (s) and (t) or any agreement or option to
Dispose any asset of any Group Member, the Disposition of which is permitted by any other provision of this Agreements (in
each case, provided that any such restriction relates only to the assets or property subject to such Lien or being
Disposed).

 

7.16          
Clauses Restricting Subsidiary Distributions. Enter into or suffer to exist or become effective any consensual encumbrance
or restriction on the ability of any Subsidiary of Holdings to (a) make Restricted Payments in respect of any Capital Stock of
such Subsidiary held by, or to pay any Indebtedness owed to, any other Group Member, (b) make loans or advances to, or other Investments
in, any other Group Member, or (c) transfer any of its assets to any other Group Member, except for such encumbrances or restrictions
existing under or by reason of (i) any restrictions existing under the Loan Documents, (ii) any restrictions with respect to a
Subsidiary imposed pursuant to an agreement that has been entered into in connection with a Disposition permitted hereby of all
or substantially all of the Capital Stock or assets of such Subsidiary, (iii) customary restrictions on the assignment of leases,
licenses and other agreements, (iv) restrictions of the nature referred to in clause (c) above under agreements governing purchase
money liens or Capital Lease Obligations otherwise permitted hereby which restrictions are only effective against the assets financed
thereby, (v) any agreement in effect at the time any Subsidiary becomes a Subsidiary of a Borrower, so long as such agreement
applies only to such Subsidiary, was not entered into solely in contemplation of such Person becoming a Subsidiary or, in each
case that is set forth in any agreement evidencing any amendments, restatements, supplements, modifications, extensions, renewals
and replacements of the foregoing, so long as such amendment, restatement, supplement, modification, extension, renewal or replacement
is not as a whole materially less favorable to such Subsidiary, (vi) restrictions under any Subordinated Debt Documents, (vii)
restrictions on the transfer of any asset pending the close of the sale of such asset and customary restrictions contained in purchase
agreements and acquisition agreements (including by way of merger, acquisition or consolidation), to the extent in effect pending
the consummation of such transaction, (viii) customary net worth provisions or similar financial maintenance provisions contained
in real property leases entered into by a Foreign Subsidiary, so long as the Borrower has determined in good faith that such net
worth provisions could not reasonably be expected to impair the ability of Holdings and its Subsidiaries to meet their ongoing
obligations under the Loan Documents, (ix) applicable law, (x) restrictions on cash or other deposits or net worth imposed under
agreements entered into in the ordinary course of business, (xi) provisions in joint venture agreements and other similar agreements
(including equity holder agreements) relating to such joint venture or its members or entered into in the ordinary course of business
or (xii) any restriction pursuant to any document, agreement or instrument governing or relating to any Lien permitted under
Sections 7.3(c), (d), (f), (g), (l), (m), (n), (o), (s) and (t) (provided that any such restriction
relates only to the assets or property subject to such Lien or being Disposed).

 

7.17          
Lines of Business. Enter into any business, either directly or through any Subsidiary, except for those businesses in
which Holdings and its Subsidiaries are engaged on the date of this Agreement or that are reasonably related, ancillary or incidental
thereto.

 

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7.18          
 Designation of other Indebtedness. Designate any Indebtedness or indebtedness other than the Obligations as “Designated
Senior Indebtedness” or a similar concept thereto, if applicable.

 

7.19          
[Reserved].

 

7.20          
Amendments to Organizational Agreements . Amend or permit any amendments to any Loan Party’s organizational documents,
if such amendment could reasonably be expected to be materially adverse to Administrative Agent or the Lenders.

 

7.21          
Use of Proceeds. Use the proceeds of any Loan or extension of credit hereunder, whether directly or indirectly, (a)
to purchase or carry margin stock (within the meaning of Regulation U of the Board) or to extend credit to others for the purpose
of purchasing or carrying margin stock or to refund indebtedness originally incurred for such purpose, in each case in violation
of, or for a purpose which violates, or would be inconsistent with, Regulation T, U or X of the Board; (b) to finance an Unfriendly
Acquisition; (c) to fund any activities of or business with any individual or entity, or in any Designated Jurisdiction, that,
at the time of such funding, is the subject of Sanctions, or in any other manner that will result in a violation by any individual
or entity (including any individual or entity participating in the transaction, whether as Lender, Arranger, Administrative Agent,
Issuing Lender, Swingline Lender, or otherwise) of Sanctions (or lend, contribute or otherwise make available such proceeds to
any Subsidiary, joint venture partner or other individual or entity in violation of the foregoing); or (d) for any purpose which
would breach the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010, or other similar legislation in
other jurisdictions.

 

7.22          
Subordinated Indebtedness.

 

(a)               
Amendments. Amend, modify, supplement, waive compliance with, or consent to noncompliance with, any Subordinated
Debt Document (if any), unless the amendment, modification, supplement, waiver or consent is in compliance with the subordination
provisions therein and any subordination agreement with respect thereto in favor of the Administrative Agent and the Lenders.

 

(b)               
Payments. Make any payment, prepayment or repayment on, redemption, exchange or acquisition for value of, or any
sinking fund or similar payment with respect to, any Subordinated Indebtedness, except as expressly permitted by the subordination
provisions in the applicable Subordinated Debt Documents and any subordination agreement with respect thereto in favor of the Administrative
Agent and the Lenders; provided that the foregoing limitation shall not apply if either (i) such payment does not exceed the Available
Amount and (A) after giving effect thereto on a Pro Forma Basis as if such payment had been made on the last day of the most recent
fiscal quarter of Holdings for which financial statements have been delivered hereunder, the Borrower would have been in compliance
with the covenants set forth in Section 7.1 (or if such payment is made prior to the date that financial statements for
the fiscal year ending January 31, 2021 have been delivered, the same covenant levels applicable to the trailing four quarter period
ending on January 31, 2021 shall be tested as of October 31, 2020), (B) no Event of Default has occurred and is continuing or would
immediately result therefrom, and (C) the Borrower shall have delivered five (5) Business Days prior to making such payment (x)
an Available Amount Certificate and (y) a certificate signed by a Responsible Officer of the Borrower certifying the conditions
specified in the foregoing clauses (b)(i)(A) and (B) have been satisfied and containing all information and calculations necessary
for determining compliance with the foregoing clause (b)(i)(A), (ii) the Payment Conditions have been satisfied, (iii) such payment
is made in connection with a Permitted Refinancing of the applicable Subordinated Indebtedness, or (iv) such payment is made in
connection with a refinancing of such Subordinated Indebtedness with the proceeds of the issuance of Subordinated Indebtedness
or Capital Stock (other than Disqualified Stock).

 

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7.23          
 Anti-Terrorism Laws. Conduct, deal in or engage in or permit any Affiliate or agent of any Loan Party within its control
to conduct, deal in or engage in any of the following activities: (a) conduct any business or engage in any transaction or
dealing with any person blocked pursuant to Executive Order No. 13224 (a “Blocked Person”), including
the making or receiving of any contribution of funds, goods or services to or for the benefit of any Blocked Person; (b) deal
in, or otherwise engage in any transaction relating to, any property or interests in property blocked pursuant to Executive Order
No. 13224; or (c) engage in or conspire to engage in any transaction that evades or avoids, or has the purpose of evading
or avoiding, or attempts to violate, any of the prohibitions set forth in Executive Order No. 13224 or the Patriot Act.

 

SECTION 8

EVENTS OF DEFAULT

 

8.1              
Events of Default. The occurrence of any of the following shall constitute an Event of Default:

 

(a)               
the Borrower shall fail to pay any amount of principal of any Loan when due in accordance with the terms hereof; or the
Borrower shall fail to pay any amount of interest on any Loan, or any other amount payable hereunder or under any other Loan Document,
within five (5) Business Days after any such interest or other amount becomes due in accordance with the terms hereof; or

 

(b)              
any representation or warranty made or deemed made by any Loan Party herein or in any other Loan Document or that is contained
in any certificate, document or financial or other statement furnished by it at any time under or in connection with this Agreement
or any such other Loan Document (i) if qualified by materiality, shall be incorrect or misleading when made or deemed made,
or (ii) if not qualified by materiality, shall be incorrect or misleading in any material respect when made or deemed made;
provided that if such breach of a representation or warranty is capable of being cured, an Event of Default under this clause
(b) with respect to such representation or warranty shall not occur unless such representation or warranty remains incorrect or
misleading in any material respect (or all respects, as applicable) for 30 days after the making of such representation or warranty;
or

 

(c)               
(i) any Loan Party shall default in the observance or performance of any agreement contained in, clause (i) of Section 6.5(a),
Section 6.8(a) and such default shall continue unremedied three (3) Business Days thereafter, or (ii) Section 7
of this Agreement; or

 

(d)               
any Loan Party shall default in the observance or performance of any other agreement contained in this Agreement or any
other Loan Document (other than as provided in paragraphs (a) through (c) of this Section), and such default shall continue unremedied
for a period of 30 days thereafter; or

 

(e)                any
Group Member shall (i) default in making any payment of any principal of any Indebtedness (including any Guarantee
Obligation, but excluding the Loans) on the scheduled or original due date with respect thereto; (ii) default in making any
payment of any interest on any such Indebtedness beyond the period of grace, if any, provided in the instrument or agreement
under which such Indebtedness was created; (iii) default in making any payment or delivery under any such Indebtedness
constituting a Swap Agreement beyond the period of grace, if any, provided in such Swap Agreement; or (iv) default in the
observance or performance of any other agreement or condition relating to any such Indebtedness or contained in any
instrument or agreement evidencing, securing or relating thereto, or any other event shall occur or condition exist, the
effect of which default or other event or condition is to (A) cause, or to permit the holder or beneficiary of, or, in the
case of any such Indebtedness constituting a Swap Agreement, counterparty under, such Indebtedness (or a trustee or agent on
behalf of such holder, beneficiary, or counterparty) to cause, with the giving of notice if required, such Indebtedness to
become due prior to its stated maturity or (in the case of any such Indebtedness constituting a Guarantee Obligation) to
become payable or (in the case of any such Indebtedness constituting a Swap Agreement) to be terminated, or (B) to cause,
with the giving of notice if required, any Group Member to purchase, redeem, mandatorily prepay or make an offer to purchase,
redeem or mandatorily prepay such Indebtedness prior to its stated maturity; provided that this clause (iv) shall not apply
to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing
such Indebtedness if such sale or transfer is permitted hereunder and under the documents providing for such Indebtedness;
provided further, that a default, event or condition described in clauses (i), (ii), (iii), or (iv) of this Section
8.1(e) shall not at any time constitute an Event of Default unless, at such time, one or more defaults, events or
conditions of the type described in any of clauses (i), (ii), (iii), or (iv) of this Section 8.1(e) shall have
occurred with respect to Indebtedness, the outstanding principal amount (and, in the case of Swap Agreements, the Swap
Termination Value) of which, individually or in the aggregate for all such Indebtedness, exceeds $50,000,000; or

 

    101

     

    

 

(f)                
(i) any Group Member shall commence any case, proceeding or other action (a) under any Debtor Relief Law seeking to
have an order for relief entered with respect to it, or seeking to adjudicate it a bankrupt or insolvent, or seeking reorganization,
arrangement, adjustment, winding-up, liquidation, dissolution, composition or other relief with respect to it or its debts,
or (b) seeking appointment of a receiver, trustee, custodian, conservator or other similar official for it or for all or any
substantial part of its assets, or any Group Member shall make a general assignment for the benefit of its creditors; or (ii) there
shall be commenced against any Group Member any case, proceeding or other action of a nature referred to in clause (i) above
that (x) results in the entry of an order for relief or any such adjudication or appointment or (y) remains undismissed, undischarged
or unbonded for a period of 60 days (provided that, during such 60 day period, no Loan shall be advanced or Letters of Credit
issued hereunder); or (iii) there shall be commenced against any Group Member any case, proceeding or other action seeking
issuance of a warrant of attachment, execution, distraint or similar process against all or any substantial part of its assets
that results in the entry of an order for any such relief that shall not have been vacated, discharged, or stayed or bonded pending
appeal within 60 days from the entry thereof (provided that, during such 60 day period, no Loan shall be advanced or Letters
of Credit issued hereunder); or (iv) any Group Member shall take any action in furtherance of, or indicating its consent to,
approval of, or acquiescence in, any of the acts set forth in clause (i), (ii), or (iii) above; or (v) any Group Member
shall generally not, or shall be unable to, or shall admit in writing its inability to, pay its debts as they become due; or

 

(g)               
there shall occur one or more ERISA Events which individually or in the aggregate results in or otherwise is associated
with liability of any Loan Party or any ERISA Affiliate thereof in excess of $50,000,000 during the term of this Agreement; or
there exists an amount of unfunded benefit liabilities (as defined in Section 4001(a)(18) of ERISA), individually or in the aggregate
for all Pension Plans (excluding for purposes of such computation any Pension Plans with respect to which assets exceed benefit
liabilities) which exceeds $50,000,000; or

 

(h)               
there is entered against any Group Member (i) one or more final judgments or orders for the payment of money involving
in the aggregate a liability (not paid or fully covered by insurance as to which the relevant insurance company has acknowledged
coverage) of $50,000,000 or more, or (ii) one or more non-monetary final judgments that have, or could reasonably be expected
to have, individually or in the aggregate, a Material Adverse Effect and, in either case, (A) enforcement proceedings are
commenced by any creditor upon such judgment or order, or (B) all such judgments or decrees shall not have been vacated, discharged,
stayed or bonded pending appeal within 45 days from the entry thereof; or

 

(i)                 (i)        any
of the Security Documents shall cease, for any reason, to be in full force and effect (other than pursuant to the terms
thereof), or any Loan Party shall so assert, or any Lien created by any of the Security Documents shall cease to be
enforceable and of the same effect and priority purported to be created thereby; or

 

    102

     

    

 

(ii)       
any court order enjoins, restrains or prevents a Loan Party from conducting all or any material part of its business; or

 

(j)                
the guarantee contained in Section 2 of the Guarantee and Collateral Agreement shall cease, for any reason, to be in
full force and effect or any Loan Party shall so assert; or

 

(k)               
a Change of Control shall occur; or

 

(l)                
any Loan Document (including the subordination provisions of any subordination agreement or intercreditor agreement governing
Subordinated Indebtedness) not otherwise referenced in Section 8.1(i) or (j), at any time after its execution and
delivery and for any reason other than as expressly permitted hereunder or thereunder or the Discharge of Obligations, ceases to
be in full force and effect; or any Loan Party contests in any manner the validity or enforceability of any Loan Document; or any
Loan Party denies that it has any liability or obligation under any Loan Document to which it is a party, or purports to revoke,
terminate or rescind any such Loan Document.

 

8.2              
Remedies Upon Event of Default. If any Event of Default occurs and is continuing, the Administrative Agent shall, at
the request of, or may, with the consent of, the Required Lenders, take any or all of the following actions:

 

(a)               
if such event is an Event of Default specified in clause (i) or (ii) of paragraph (f) of Section 8.1 with respect
to the Borrower, the Commitments shall immediately terminate automatically and the Loans (with accrued interest thereon) and all
other amounts owing under this Agreement and the other Loan Documents shall automatically immediately become due and payable, and

 

(b)               
if such event is any other Event of Default, any of the following actions may be taken: (i) with the consent of the
Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by
notice to the Borrower declare the Revolving Commitments, the Swingline Commitments and the L/C Commitments to be terminated forthwith,
whereupon the Revolving Commitments, the Swingline Commitments and the L/C Commitments shall immediately terminate; (ii) with
the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative
Agent shall, by notice to the Borrower, declare the Loans (with accrued interest thereon) and all other amounts owing under this
Agreement and the other Loan Documents to be due and payable forthwith, whereupon the same shall immediately become due and payable;
(iii) any Cash Management Bank may terminate any Cash Management Agreement then outstanding and declare all Obligations then
owing by the Loan Parties under any such Cash Management Agreements then outstanding to be due and payable forthwith, whereupon
the same shall immediately become due and payable; and (iv) the Administrative Agent may exercise on behalf of itself, any
Cash Management Bank, the Lenders and the Issuing Lender all rights and remedies available to it, any such Cash Management Bank,
the Lenders and the Issuing Lender under the Loan Documents.

 

With respect to all Letters
of Credit with respect to which presentment for honor shall not have occurred at the time of an acceleration pursuant to this paragraph,
the Borrower shall Cash Collateralize an amount equal to 105% of the aggregate then undrawn and unexpired amount of such Letters
of Credit. Amounts so Cash Collateralized shall be applied by the Administrative Agent to the payment of drafts drawn under such
Letters of Credit, and the unused portion thereof after all such Letters of Credit shall have expired or been fully drawn upon,
if any, shall be applied to repay other Obligations of the Borrower hereunder and under the other Loan Documents in accordance
with Section 8.3.

 

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In addition, (x) the
Borrower shall also cash collateralize the full amount of any Swingline Loans then outstanding, and (y) to the extent elected
by any applicable Cash Management Bank, the Borrower shall also Cash Collateralize the amount of any Obligations in respect of
Cash Management Services then outstanding, which Cash Collateralized amounts shall be applied by the Administrative Agent to the
payment of all such outstanding Cash Management Services, and any unused portion thereof remaining after all such Cash Management
Services shall have been fully paid and satisfied in full shall be applied by the Administrative Agent to repay other Obligations
of the Loan Parties hereunder and under the other Loan Documents in accordance with the terms of Section 8.3.

 

(c)               
After all such Letters of Credit and Cash Management Agreements shall have been terminated, expired or fully drawn upon,
as applicable, and all amounts drawn under any such Letters of Credit shall have been reimbursed in full and all other Obligations
of the Borrower and the other Loan Parties (including any such Obligations arising in connection with Cash Management Services)
shall have been paid in full, the balance, if any, of the funds having been so Cash Collateralized shall be returned to the Borrower
(or such other Person as may be lawfully entitled thereto). Except as expressly provided above in this Section, presentment, demand,
protest and all other notices of any kind are hereby expressly waived by the Borrower.

 

8.3              
Application of Funds. After the exercise of remedies provided for in Section 8.2, any amounts received by
the Administrative Agent on account of the Obligations shall be applied by the Administrative Agent in the following order:

 

First, to the
payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (other than principal and
interest but including any Collateral-Related Expenses, fees, charges and disbursements of counsel to the Administrative Agent
and amounts payable under Sections 2.19, 2.20 and 2.21 (including interest thereon)) payable to the Administrative
Agent, in its capacity as such;

 

Second, to payment
of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal, interest, and Letter
of Credit Fees) payable to the Lenders, the Issuing Lender ((including any Letter of Credit Fronting Fees and Issuing Lender Fees),
and any Qualified Counterparty and any applicable Cash Management Bank (in its respective capacity as a provider of Cash Management
Services), and the reasonable and documented out-of-pocket fees, charges and disbursements of counsel to the respective Lenders
and the Issuing Lender, and amounts payable under Sections 2.19, 2.20 and 2.21), in each case, ratably among
them in proportion to the respective amounts described in this clause Second payable to them;

 

Third, to the
extent that the Swingline Lender has advanced any Swingline Loans that have not been refunded by each Lender’s Swingline
Participation Amount, payment to the Swingline Lender of that portion of the Obligations constituting the unpaid principal of and
interest upon the Swingline Loans advanced by the Swingline Lender;

 

Fourth, to the
payment of that portion of the Obligations constituting accrued and unpaid Letter of Credit Fees and interest in respect of any
Cash Management Services and on the Loans and L/C Disbursements which have not yet been converted into Revolving Loans, and to
payment of premiums and other fees (including any interest thereon) under any Specified Swap Agreements and any Cash Management
Agreements, in each case, ratably among the Lenders, any applicable Cash Management Bank (in its respective capacity as a provider
of Cash Management Services), and any Qualified Counterparties, in each case, ratably among them in proportion to the respective
amounts described in this clause Fourth payable to them;

 

    104

     

    

 

Fifth, to payment
of that portion of the Obligations constituting unpaid principal of the Loans, L/C Disbursements which have not yet been converted
into Revolving Loans, and settlement amounts, payment amounts and other termination payment obligations under any Specified Swap
Agreements and Cash Management Agreements, in each case, ratably among the Lenders, any applicable Cash Management Bank (in its
respective capacity as a provider of Cash Management Services), and any applicable Qualified Counterparties, in each case, ratably
among them in proportion to the respective amounts described in this clause Fifth and payable to them;

 

Sixth, to the
Administrative Agent for the account of the Issuing Lender, to Cash Collateralize that portion of the L/C Exposure comprised of
the aggregate undrawn amount of Letters of Credit pursuant to Section 3.10;

 

Seventh, for the
account of any applicable Qualified Counterparty and any applicable Cash Management Bank, to any settlement amounts, payment amounts
and other termination payment obligations under any Specified Swap Agreements and Cash Management Agreements not paid pursuant
to clause Fifth and to cash collateralize Obligations arising under any then outstanding Specified Swap Agreements and Cash Management
Services, in each case, ratably among them in proportion to the respective amounts described in this clause Seventh payable
to them;

 

Eighth, to the
payment of all other Obligations of the Loan Parties that are then due and payable to the Administrative Agent and the other Secured
Parties on such date, in each case, ratably among them in proportion to the respective aggregate amounts of all such Obligations
described in this clause Eight and payable to them;

 

Last, the balance,
if any, after the Discharge of Obligations, to the Borrower or as otherwise required by Law.

 

Subject to Sections 2.24(a),
3.4, 3.5 and 3.10, amounts used to Cash Collateralize the aggregate undrawn amount of Letters of Credit pursuant
to clause Sixth above shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains
on deposit as Cash Collateral for Letters of Credit after all Letters of Credit have either been fully drawn or expired, such remaining
amount shall be applied to the other Obligations, if any, in the order set forth above.

 

Notwithstanding the
foregoing, no Excluded Swap Obligation of any Guarantor shall be paid with amounts received from such Guarantor or from any Collateral
in which such Guarantor has granted to the Administrative Agent a Lien (for the benefit of the Secured Parties) pursuant to the
Guarantee and Collateral Agreement; provided, however, that each party to this Agreement hereby acknowledges and
agrees that appropriate adjustments shall be made by the Administrative Agent (which adjustments shall be controlling in the absence
of manifest error) with respect to payments received from other Loan Parties to preserve the allocation of such payments to the
satisfaction of the Obligations in the order otherwise contemplated in this Section 8.3.

 

SECTION 9

THE ADMINISTRATIVE AGENT

 

9.1              
Appointment and Authority.

 

(a)                Each
of the Lenders hereby irrevocably appoints SVB to act on its behalf as the Administrative Agent hereunder and under the other
Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are
delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably
incidental thereto.

 

    105

     

    

 

(b)               
The provisions of Section 9 are solely for the benefit of the Administrative Agent, the Lenders, the Issuing
Lender, and the Swingline Lender, and neither the Borrower nor any other Loan Party shall have rights as a third party beneficiary
of any of such provisions. Notwithstanding any provision to the contrary elsewhere in this Agreement, the Administrative Agent
shall not have any duties or obligations, except those expressly set forth herein and in the other Loan Documents, or any fiduciary
relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be
read into this Agreement or any other Loan Document or otherwise exist against the Administrative Agent. It is understood and agreed
that the use of the term “agent” herein or in any other Loan Documents (or any other similar term) with reference to
the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency
doctrine of any applicable law. Instead such term is used as a matter of market custom, and is intended to create or reflect only
an administrative relationship between contracting parties.

 

(c)               
The Administrative Agent shall also act as the collateral agent under the Loan Documents, and each of the Lenders (in their
respective capacities as a Lender and, as applicable, Qualified Counterparty and provider of Cash Management Services) hereby irrevocably
(i) authorizes the Administrative Agent to enter into all other Loan Documents, as applicable, including the Guarantee and
Collateral Agreement and any subordination or intercreditor agreements contemplated hereby, and (ii) appoints and authorizes
the Administrative Agent to act as the agent of the Secured Parties 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. The Administrative Agent, as collateral agent and any co-agents, sub-agents and attorneys-in-fact
appointed by the Administrative Agent pursuant to Section 9.2 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 the Administrative Agent, shall be entitled to the benefits of all provisions of this Section 9 and Section 10
(including Section 9.7, 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. Without limiting the generality of the foregoing, the
Administrative Agent is further authorized on behalf of all the Lenders, without the necessity of any notice to or further consent
from the Lenders, from time to time to take any action, or permit the any co-agents, sub-agents and attorneys-in-fact appointed
by the Administrative Agent to take any action, with respect to any Collateral or the Loan Documents which may be necessary to
perfect and maintain perfected the Liens upon any Collateral granted pursuant to any Loan Document.

 

9.2              
Delegation of Duties. The Administrative Agent may perform any and all of its duties and exercise its rights and powers
hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent. The
Administrative Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through
their respective Related Parties. The exculpatory provisions of this Section shall apply to any such sub-agent and to the
Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection
with the syndication of the Facilities provided for herein as well as activities as the Administrative Agent. The Administrative
Agent shall not be responsible for the negligence or misconduct of any sub-agents except to the extent that a court of competent
jurisdiction determines in a final and nonappealable judgment that the Administrative Agent acted with bad faith, gross negligence
or willful misconduct in the selection of such sub agents.

 

    106

     

    

 

9.3              
 Exculpatory Provisions. The Administrative Agent shall have no duties or obligations except those expressly set forth
herein and in the other Loan Documents, and its duties hereunder and thereunder shall be administrative in nature. Without limiting
the generality of the foregoing, the Administrative Agent shall not:

 

(a)               
be subject to any fiduciary or other implied duties, regardless of whether any Default or any Event of Default has occurred
and is continuing;

 

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

 

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

 

The Administrative
Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the request of the Required Lenders
(or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good
faith shall be necessary, under the circumstances as provided in Sections 8.2 and 10.1), 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.

 

The Administrative
Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation
made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other
document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of
the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default or Event of
Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other
agreement, instrument or document or (v) the satisfaction of any condition set forth in Section 5.1, Section 5.2
or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent.

 

9.4               Reliance
by Administrative Agent. The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for
relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any
electronic message, internet or intranet website posting or other distribution) believed by it to be genuine and to have been
signed, sent or otherwise authenticated by the proper Person. The Administrative Agent also may rely upon any statement made
to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for
relying thereon. In determining compliance with any condition hereunder to the making of a Loan, or the issuance, extension,
renewal or increase of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender, the
Administrative Agent may presume that such condition is satisfactory to such Lender unless the Administrative Agent shall
have received notice to the contrary from such Lender prior to the making of such Loan or the issuance of such Letter of
Credit. The Administrative Agent may consult with legal counsel (who may be counsel for any of the Loan Parties), independent
accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance
with the advice of any such counsel, accountants or experts. The Administrative Agent may deem and treat the payee of any
Note as the owner thereof for all purposes unless a written notice of assignment, negotiation or transfer thereof shall have
been filed with the Administrative Agent. The Administrative Agent shall be fully justified in failing or refusing to take
any action under this Agreement or any other Loan Document unless it shall first receive such advice or concurrence of the
Required Lenders (or such other number or percentage of Lenders as shall be provided for herein or in the other Loan
Documents) as it deems appropriate or it shall first be indemnified to its satisfaction by the Lenders against any and all
liability and expense that may be incurred by it by reason of taking or continuing to take any such action. The
Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement and
the other Loan Documents in accordance with a request of the Required Lenders (or such other number or percentage of Lenders
as shall be provided for herein or in the other Loan Documents), and such request and any action taken or failure to act
pursuant thereto shall be binding upon the Lenders and all future holders of the Loans.

 

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9.5              
Notice of Default. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any
Default or Event of Default unless the Administrative Agent has received notice in writing from a Lender, Holdings, or the Borrower
referring to this Agreement, describing such Default or Event of Default and stating that such notice is a “notice
of default.” In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give
notice thereof to the Lenders. The Administrative Agent shall take such action with respect to such Default or Event of Default
as shall be reasonably directed by the Required Lenders (or, if so specified by this Agreement, all Lenders); provided that
unless and until the Administrative Agent shall have received such directions, the Administrative Agent may (but shall not be obligated
to) take such action or refrain from taking such action with respect to such Default or Event of Default as it shall deem advisable
in the best interests of the Lenders.

 

9.6              
Non-Reliance on Administrative Agent and Other Lenders. Each Lender expressly acknowledges that neither the Administrative
Agent nor any of its officers, directors, employees, agents, attorneys in fact or affiliates has made any representations or warranties
to it and that no act by the Administrative Agent hereafter taken, including any review of the affairs of a Group Member or any
Affiliate of a Group Member, shall be deemed to constitute any representation or warranty by the Administrative Agent to any Lender.
Each Lender represents to the Administrative Agent that it has, independently and without reliance upon the Administrative Agent
or any other Lender or any of their Related Parties, and based on such documents and information as it has deemed appropriate,
made its own appraisal of, and investigation into, the business, operations, property, financial and other condition and creditworthiness
of the Group Members and their Affiliates and made its own credit analysis and decision to make its Loans hereunder and enter into
this Agreement. Each Lender also agrees that it will, independently and without reliance upon the Administrative Agent or any other
Lender or any of their Related Parties, and based on such documents and information as it shall from time to time deem appropriate,
continue to make its own credit analysis, appraisals and decisions in taking or not taking action under or based upon this Agreement,
the other Loan Documents or any related agreement or any document furnished hereunder or thereunder, and to make such investigation
as it deems necessary to inform itself as to the business, operations, property, financial and other condition and creditworthiness
of the Group Members and their Affiliates. Except for notices, reports and other documents expressly required to be furnished to
the Lenders by the Administrative Agent hereunder, the Administrative Agent shall have no duty or responsibility to provide any
Lender with any credit or other information concerning the business, operations, property, condition (financial or otherwise),
prospects or creditworthiness of any Group Member or any Affiliate of a Group Member that may come into the possession of the Administrative
Agent or any of its officers, directors, employees, agents, attorneys in fact or affiliates.

 

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9.7              
 Indemnification. Each of the Lenders agrees to indemnify each of the Administrative Agent, the Issuing Lender and the
Swingline Lender and each of its Related Parties in its capacity as such (to the extent not reimbursed by Holdings, the Borrower
or any other Loan Party and without limiting the obligation of Holdings, the Borrower or any other Loan Party to do so) according
to its Aggregate Exposure Percentage in effect on the date on which indemnification is sought under this Section 9.7
(or, if indemnification is sought after the date upon which the Commitments shall have terminated and the Loans shall have been
paid in full, in accordance with its Aggregate Exposure Percentage immediately prior to such date), from and against any and all
liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever
that may at any time (whether before or after the payment of the Loans) be imposed on, incurred by or asserted against the Administrative
Agent or such other Person in any way relating to or arising out of, the Commitments, this Agreement, any of the other Loan Documents
or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby or any action
taken or omitted by the Administrative Agent or such other Person under or in connection with any of the foregoing and any other
amounts not reimbursed by Holdings, the Borrower or such other Loan Party; provided that no Lender shall be liable for the
payment of any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses
or disbursements that are found by a final and nonappealable decision of a court of competent jurisdiction to have resulted primarily
from the Administrative Agent’s or such other Person’s bad faith, gross negligence or willful misconduct, and that
with respect to such unpaid amounts owed to any Issuing Lender or Swingline Lender solely in its capacity as such, only the Revolving
Lenders shall be required to pay such unpaid amounts, such payment to be made severally among them based on such Revolving Lenders’
Revolving Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought). The agreements
in this Section shall survive the payment of the Loans and all other amounts payable hereunder.

 

9.8              
Agent in Its Individual Capacity. The Person serving as the Administrative Agent hereunder shall have the same rights
and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent
and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise
requires, include the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates
may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for
and generally engage in any kind of business with the Borrower, Holdings or any Subsidiary or other Affiliate thereof as if such
Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders.

 

9.9              
Successor Administrative Agent.

 

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

 

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

 

    109

     

    

 

(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 security held by the Administrative Agent on behalf of the Secured Parties under any of the Loan
Documents, the retiring or removed Administrative Agent shall continue to hold such collateral security until such time as a successor
Administrative Agent is appointed and such collateral security is assigned to such successor Administrative Agent) and (ii) except
for any indemnity payments owed to the retiring or removed Administrative Agent, all payments, communications and determinations
provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender directly, until such
time, if any, as the Required Lenders appoint a successor Administrative Agent as provided for above in this Section. Upon the
acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and become vested
with all of the rights, powers, privileges and duties of the retiring or removed Administrative Agent (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 (if not already discharged therefrom
as provided above in this Section). The fees payable by the Borrower to a successor Administrative Agent shall be the same as those
payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the retiring or removed Administrative
Agent’s resignation or removal hereunder and under the other Loan Documents, the provisions of Section 9 and
Section 10.5 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 the Administrative Agent.

 

9.10          
Collateral and Guaranty Matters.

 

(a)               
The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion,

 

(i)                
to release any Lien on any Collateral or other property granted to or held by the Administrative Agent under any Loan Document
(A) upon the Discharge of Obligations (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 the Administrative Agent
and the applicable Issuing Lender shall have been made), (B) 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 hereunder or under any other Loan Document,
or (C) subject to Section 10.1, if approved, authorized or ratified in writing by the Required Lenders;

 

(ii)              
to subordinate any Lien on any Collateral or other property granted to or held by the Administrative Agent under any Loan
Document to the holder of any Lien on such property that is permitted by Sections 7.3 (g) and (i); and

 

(iii)            
to release any Guarantor from its obligations under the Guarantee and Collateral Agreement if such Person ceases to be a
Subsidiary as a result of a transaction permitted under the Loan Documents.

 

    110

     

    

 

Upon request by the
Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release
or subordinate its interest in particular types or items of property, or to release any Guarantor from its obligations under the
guaranty pursuant to this Section 9.10.

 

(b)               
The 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 the Administrative
Agent’s Lien thereon, or any certificate prepared by any Loan Party in connection therewith, nor shall the Administrative
Agent be responsible or liable to the Lenders for any failure to monitor or maintain any portion of the Collateral.

 

(c)               
Notwithstanding anything contained in any Loan Document, no Secured Party shall have any right individually to realize upon
any of the Collateral or to enforce any guaranty of the Obligations (including any such guaranty provided by the Guarantors pursuant
to the Guarantee and Collateral Agreement), it being understood and agreed that all powers, rights and remedies under the Loan
Documents may be exercised solely by the Administrative Agent on behalf of the Secured Parties in accordance with the terms thereof;
provided that, for the avoidance of doubt, in no event shall a Secured Party be restricted hereunder from filing a proof
of claim on its own behalf during the pendency of a proceeding relative to any Loan Party under any Debtor Relief Law or any other
judicial proceeding. In the event of a foreclosure by the Administrative Agent on any of the Collateral pursuant to a public or
private sale or other disposition, the Administrative Agent or any Secured Party may be the purchaser or licensor of any or all
of such Collateral at any such sale or other disposition, and the Administrative Agent, as agent for and representative of such
Secured Party (but not any Lender or Lenders in its or their respective individual capacities unless the Required Lenders shall
otherwise agree in writing) shall be entitled, for the purpose of bidding and making settlement or payment of the purchase price
for all or any portion of the Collateral sold at any such public sale, to use and apply any of the Obligations as a credit on account
of the purchase price for any Collateral payable by the Administrative Agent on behalf of the Secured Parties at such sale or other
disposition. Each Secured Party, whether or not a party hereto, will be deemed, by its acceptance of the benefits of the Collateral
and of the guarantees of the Obligations provided by the Loan Parties under the Guarantee and Collateral Agreement, to have agreed
to the foregoing provisions. In furtherance of the foregoing, and not in limitation thereof, no Specified Swap Agreement and no
Cash Management Agreement, the Obligations under which constitute Obligations, will create (or be deemed to create) in favor of
any Secured Party that is a party thereto any rights in connection with the management or release of any Collateral or of the Obligations
of any Loan Party under any Loan Document except as expressly provided herein or in the Guarantee and Collateral Agreement. By
accepting the benefits of the Collateral and of the guarantees of the Obligations provided by the Loan Parties under the Guarantee
and Collateral Agreement, any Secured Party that is a Cash Management Bank or a Qualified Counterparty shall be deemed to have
appointed the Administrative Agent to serve as administrative agent and collateral agent under the Loan Documents and to have agreed
to be bound by the Loan Documents as a Secured Party thereunder, subject to the limitations set forth in this paragraph.

 

9.11          
Administrative Agent May File Proofs of Claim. In case of the pendency of any proceeding under any Debtor Relief Law
or any other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of
any Loan or Obligation in respect of any Letter of Credit shall then be due and payable as herein expressed or by declaration or
otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and
empowered (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,
Obligations in respect of any Letter of Credit and all other Obligations that are owing and unpaid and to file such other
documents as may be necessary or advisable to have the claims of the Lenders and the Administrative Agent (including any
claim for the reasonable compensation, expenses, disbursements and advances of the Lenders and the Administrative Agent and
their respective agents and counsel and all other amounts due the Lenders and the Administrative Agent under Sections 2.9
and 10.5) allowed in such judicial proceeding; and

 

    111

     

    

 

(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
to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of
such payments directly to the Lenders, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses,
disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative
Agent under Sections 2.9 and 10.5.

 

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

 

9.12          
No Other Duties, etc. Anything herein to the contrary notwithstanding, the Lead Arrangers and Co-Syndication Agents
listed on the cover page hereof shall not have any powers, duties or responsibilities under this Agreement or any of the other
Loan Documents, except in its capacity, as applicable, as the Administrative Agent, a Lender, the Issuing Lender or the Swingline
Lender hereunder.

 

9.13          
Cash Management Bank and Qualified Counterparty Reports. Each Cash Management Bank and each Qualified Counterparty agrees
to furnish to the Administrative Agent, as frequently as the Administrative Agent may reasonably request, with a summary of all
Obligations in respect of Cash Management Services and/or Specified Swap Agreements, as applicable, due or to become due to such
Cash Management Bank or Qualified Counterparty, as applicable. In connection with any distributions to be made hereunder, the Administrative
Agent shall be entitled to assume that no amounts are due to any Cash Management Bank or Qualified Counterparty (in its capacity
as a Cash Management Bank or Qualified Counterparty and not in its capacity as a Lender) unless the Administrative Agent has received
written notice thereof from such Cash Management Bank or Qualified Counterparty and if such notice is received, the Administrative
Agent shall be entitled to assume that the only amounts due to such Cash Management Bank or Qualified Counterparty on account of
Cash Management Services or Specified Swap Agreements are set forth in such notice.

 

9.14          
Certain ERISA Matters.

 

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

 

(i)                
such Lender is not using “plan assets” (within the meaning of the Plan Asset Regulations or otherwise for purposes
of Title I of ERISA or Section 4975 of the Code) of one or more Benefit Plans in connection with the Loans, the Letters of Credit
or the Commitments,

 

    112

     

    

 

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

 

(iii)            
(A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning
of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to
enter into, participate in, administer and perform the Loans, the Letters of Credit, the Commitments and this Agreement, (C) the
entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this
Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such
Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into,
participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, or

 

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

 

In addition, unless
either (1) sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or (2) a Lender has provided
another representation, warranty and covenant in accordance with sub-clause (iv) in the immediately preceding clause (a), such
Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, and (y) covenants, from the
date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the
Administrative Agent, and the Lead Arrangers and their respective Affiliates, and not, for the avoidance of doubt, to or for the
benefit of the Borrower or any other Loan Party, that none of the Administrative Agent, or the Lead Arrangers or any of their respective
Affiliates is a fiduciary with respect to the Collateral or the assets of such Lender (including in connection with the reservation
or exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or any documents related to hereto
or thereto).

 

(b)       The
Administrative Agent and the Lead Arrangers hereby inform the Lenders that each such Person is not undertaking to provide investment
advice or to give advice in a fiduciary capacity, in connection with the transactions contemplated hereby, and that such Person
has a financial interest in the transactions contemplated hereby in that such Person or an Affiliate thereof (i) may receive interest
or other payments with respect to the Loans, the Letters of Credit, the Commitments, this Agreement and any other Loan Documents,
(ii) may recognize a gain if it extended the Loans, the Letters of Credit or the Commitments for an amount less than the amount
being paid for an interest in the Loans, the Letters of Credit or the Commitments by such Lender or (iii) may receive fees or other
payments in connection with the transactions contemplated hereby, the Loan Documents or otherwise, including structuring fees,
commitment fees, arrangement fees, facility fees, upfront fees, underwriting fees, ticking fees, agency fees, administrative agent
or collateral agent fees, utilization fees, minimum usage fees, letter of credit fees, fronting fees, deal-away or alternate transaction
fees, amendment fees, processing fees, term out premiums, banker’s acceptance fees, breakage or other early termination fees
or fees similar to the foregoing.

 

9.15          
Survival. This Section 9 shall survive the Discharge of Obligations.

 

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SECTION 10

MISCELLANEOUS

 

10.1          
Amendments and Waivers.

 

(a)                Neither
this Agreement, any other Loan Document (other than any L/C-Related Document and the Fee Letter), nor any terms hereof or
thereof may be amended, supplemented or modified except in accordance with the provisions of this Section 10.1.
The Required Lenders and each Loan Party party to the relevant Loan Document may, or, with the written consent of the
Required Lenders, the Administrative Agent and each Loan Party party to the relevant Loan Document may, from time to time,
(i) enter into written amendments, supplements or modifications hereto and to the other Loan Documents for the purpose
of adding any provisions to this Agreement or the other Loan Documents or changing in any manner the rights of the Lenders or
of the Loan Parties hereunder or thereunder or (ii) waive, on such terms and conditions as the Required Lenders or the
Administrative Agent, as the case may be, may specify in such instrument, any of the requirements of this Agreement or the
other Loan Documents or any Default or Event of Default and its consequences; provided that no such waiver and no such
amendment, supplement or modification shall (A) forgive the principal amount or extend the final scheduled date of
maturity of any Loan, reduce the stated rate of any interest or fee payable hereunder (except that no amendment or
modification of defined terms used in the financial covenants in this Agreement or waiver of any Default or Event of Default
or the right to receive the Default Rate shall constitute a reduction in the rate of interest or fees for purposes of this
clause (A)) or extend the scheduled date of any payment thereof, increase the amount or extend the expiration date of any
Lender’s Revolving Commitment, or amend, modify or waive the requirements of Section 3.1(a)(ii), in each case,
without the written consent of each Lender directly affected thereby; (B) eliminate or reduce the voting rights of any
Lender under this Section 10.1 without the written consent of such Lender; (C) reduce any percentage
specified in the definition of Required Lenders, consent to the assignment or transfer by the Borrower of any of its rights
and obligations under this Agreement and the other Loan Documents, release all or substantially all of the Collateral or
release all or substantially all the value of the guarantees (taken as a whole) of the Guarantors from their obligations
under the Guarantee and Collateral Agreement, in each case without the written consent of all Lenders; (D)  amend,
modify or waive the definition of “Revolving Percentage,” the pro rata requirements of Section 2.18
or any other provision of the Loan Documents requiring pro rata treatment of the Lenders in a manner that adversely
affects Revolving Lenders without the written consent of each Lender; (E) contractually subordinate the Obligations
(including any guarantee thereof), or the Liens on all or substantially all of the Collateral granted under the Loan
Documents, to any other Indebtedness or Lien (including, without limitation, any other Indebtedness or Lien issued under the
Credit Agreement or any other agreement), in each case, without the written consent of all Lenders; (F) amend, modify or
waive any provision of Section 9 without the written consent of the Administrative Agent; (G) amend, modify
or waive any provision of Section 2.6 or 2.7 without the written consent of the Swingline Lender;
(H) amend, modify or waive any provision of Section 3 without the written consent of the Issuing Lender; or
(I) amend or modify the application of payments set forth in Section 8.3 without the written consent of all
Lenders. Any such waiver and any such amendment, supplement or modification shall apply equally to each of the Lenders and
shall be binding upon the Loan Parties, the Lenders, the Administrative Agent, the Issuing Lender, each Cash Management Bank,
each Qualified Counterparty, and all future holders of the Loans. In the case of any waiver, the Loan Parties, the Lenders
and the Administrative Agent shall be restored to their former position and rights hereunder and under the other Loan
Documents, and any Default or Event of Default waived shall be deemed to be cured during the period such waiver is effective;
but no such waiver shall extend to any subsequent or other Default or Event of Default, or impair any right consequent
thereon. Notwithstanding the foregoing, the Issuing Lender may amend any of the L/C Documents without the consent of the
Administrative Agent or any other Lender and the Issuing Lender, Administrative Agent and the Borrower may make customary
technical amendments if any Letter of Credit shall be issued hereunder in a currency other than U.S. Dollars. Notwithstanding
the foregoing, the Issuing Lender may amend any of the L/C-Related Documents without the consent of the Administrative Agent
or any other Lender. 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 Revolving Commitment of any Defaulting Lender may not be increased or extended
without the consent of such Lender and (y) any waiver, amendment or modification requiring the consent of all Lenders or
each affected Lender that by its terms affects any Defaulting Lender disproportionately adversely relative to other affected
Lenders shall require the consent of such Defaulting Lender.

 

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(b)               
Notwithstanding anything to the contrary contained in Section 10.1(a) above, in the event that the Borrower
requests that this Agreement or any of the other Loan Documents be amended or otherwise modified in a manner which would require
the consent of all of the Lenders and such amendment or other modification is agreed to by the Borrower, the Required Lenders and
the Administrative Agent, then, with the consent of the Borrower, the Administrative Agent and the Required Lenders, this Agreement
or such other Loan Document may be amended without the consent of the Lender or Lenders who are unwilling to agree to such amendment
or other modification (each, a “Minority Lender”), to provide for:

 

(i)                
the termination of the Commitment of each such Minority Lender;

 

(ii)              
the assumption of the Loans and Commitment of each such Minority Lender by one or more Replacement Lenders pursuant to the
provisions of Section 2.23; and

 

(iii)            
the payment of all interest, fees and other obligations payable or accrued in favor of each Minority Lender and such other
modifications to this Agreement or to such Loan Documents as the Borrower, the Administrative Agent and the Required Lenders may
determine to be appropriate in connection therewith.

 

(c)               
Notwithstanding any provision herein to the contrary, this Agreement may be amended (or amended and restated) with the written
consent of the Required Lenders, the Administrative Agent, and the Borrower,
(i) to add one or more additional credit or term loan facilities to this Agreement and to permit all such additional extensions
of credit and all related obligations and liabilities arising in connection therewith and from time to time outstanding thereunder
to share ratably (or on a basis subordinated to the existing facilities hereunder) in the benefits of this Agreement and the other
Loan Documents with the obligations and liabilities from time to time outstanding in respect of the existing facilities hereunder,
and (ii) in connection with the foregoing, to permit, as deemed appropriate by the Administrative Agent and approved by the
Required Lenders, the Lenders providing such additional credit facilities to participate in any required vote or action required
to be approved by the Required Lenders.

 

(d)               
Notwithstanding any provision herein to the contrary, any Cash Management Agreement may be amended or otherwise modified
by the parties thereto in accordance with the terms thereof without the consent of the Administrative Agent or any Lender.

 

(e)               
Notwithstanding any provision herein or in any other Loan Document to the contrary, no Cash Management Bank and no Qualified
Counterparty shall have any voting or approval rights hereunder (or be deemed a Lender) solely by virtue of its status as the provider
or holder of Cash Management Services or Specified Swap Agreements or Obligations owing thereunder, nor shall the consent of any
such Cash Management Bank or Qualified Counterparty, as applicable, be required for any matter, other than in their capacities
as Lenders, to the extent applicable.

 

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(f)                
 Notwithstanding any other provision, no consent of any Lender (or other Secured Party other than the Administrative Agent)
shall be required to effectuate any amendment to implement any Increase permitted by Section 2.27.

 

(g)               
The Administrative Agent may, with the consent of the Loan Parties only, amend, modify or supplement this Agreement or any
of the Loan Documents to cure any omission, mistake or defect.

 

10.2          
Notices. All notices, requests and demands to or upon the respective parties hereto to be effective shall be in writing
(including by facsimile or electronic mail), and, unless otherwise expressly provided herein, shall be deemed to have been duly
given or made when delivered, or three Business Days after being deposited in the mail, postage prepaid, or, in the case of facsimile
or electronic mail notice, when received, addressed as follows in the case of the Borrower, Holdings and the Administrative Agent,
and as set forth in an administrative questionnaire delivered to the Administrative Agent in the case of the Lenders, or to such
other address as may be hereafter notified by the respective parties hereto:

 

	Borrower/Holdings:	
        c/o CrowdStrike Holdings, Inc.

        150 Mathilda Place, Suite 300

        Sunnyvale, CA 94086

        Attention: Legal Department and CFO

        Telephone No.: (888) 512-8906

        E-Mail: legal@crowdstrike.com

         

	 	
        with a copy to:

         

        Davis Polk &Wardwell LLP

        1600 El Camino Real

        Menlo Park, CA 94025

        Attention: Alan Denenberg

        E-Mail: alan.denenberg@davispolk.com

         

	Administrative Agent:	
        Silicon Valley Bank

        505 Howard St Floor 3,

        San Francisco, CA 94105

        Attn: Dipika Sharda

        E-Mail: DSolanki@svb.com

         

        with a copy (which shall not constitute
        notice) to:

         

        Morrison & Foerster LLP

        200 Clarendon Street

        Boston, Massachusetts 02116

        Attention: Charles W. Stavros, Esq.

        E-Mail: Cstavros@mofo.com

 

provided that
any notice, request or demand to or upon the Administrative Agent or the Lenders shall not be effective until received.

 

    116

     

    

 

(a)               
 Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communications (including
email and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent; provided that the
foregoing shall not apply to notices to any Lender pursuant to Section 2 unless otherwise agreed by the Administrative
Agent and the applicable Lender. The Administrative Agent or the Borrower may, in its discretion, agree to accept notices and other
communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval
of such procedures may be limited to particular notices or communications. Unless the Administrative Agent otherwise prescribes,
(i) notices and other communications sent to an email address shall be deemed received upon the sender’s receipt of
an acknowledgment from the intended recipient (such as by the “return receipt requested” function, as available, return
email or other written acknowledgment); 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 email address as described in the foregoing clause
(i) of notification that such notice or communication is available and identifying the website address therefor; provided
that, for both clauses (i) and (ii), if such notice or other communication is not sent during the normal business hours of
the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next Business Day
for the recipient.

 

(b)               
Any party hereto may change its address or facsimile number for notices and other communications hereunder by notice to
the other parties hereto.

 

(c)               
 (i)       Each Loan Party agrees that the Administrative Agent may, but shall not be obligated to, make the Communications
(as defined below) available to the Issuing Lender and the other Lenders by posting the Communications on the Platform.

 

(ii)       The
Platform is provided “as is” and “as available.” The Agent Parties (as defined below) do not warrant the
adequacy of the Platform and expressly disclaim liability for errors or omissions in the Communications. No warranty of any kind,
express, implied or statutory, including, without limitation, any warranty of merchantability, fitness for a particular purpose,
non-infringement of third-party rights or freedom from viruses or other code defects, is made by any Agent Party in connection
with the Communications or the Platform. In no event shall the Administrative Agent or any of its Related Parties (collectively,
the “Agent Parties”) have any liability to the Borrower or the other Loan Parties, any Lender or any
other Person for damages of any kind, including direct or indirect, special, incidental or consequential damages, losses or expenses
(whether in tort, contract or otherwise) arising out of the Borrower’s, any Loan Party’s or the Administrative Agent’s
transmission of communications through the Platform. “Communications” means, collectively, any notice,
demand, communication, information, document or other material provided by or on behalf of any Loan Party pursuant to any Loan
Document or the transactions contemplated therein which is distributed to the Administrative Agent, any Lender or the Issuing Lender
by means of electronic communications pursuant to this Section, including through the Platform.

 

10.3          
No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of the Administrative
Agent or any Lender, any right, remedy, power or privilege hereunder or under the other Loan Documents shall operate as a waiver
thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further
exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein
provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law.

 

10.4          
Survival of Representations and Warranties. All representations and warranties made hereunder, in the other Loan Documents
and in any document, certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution and
delivery of this Agreement and the making of the Loans and other extensions of credit hereunder.

 

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10.5          
 Expenses; Indemnity; Damage Waiver.

 

(a)               
Costs and Expenses. The Borrower shall pay (i) all reasonable and documented out-of-pocket expenses
incurred by the Administrative Agent and its Affiliates (including the reasonable fees, charges and disbursements of one counsel
for the Administrative Agent (and of such other counsel in the event of a conflict and, if reasonably necessary, one local counsel
in any relevant jurisdiction)), in connection with the syndication of the Facilities, the preparation, negotiation, execution,
delivery and administration of this Agreement and the other Loan Documents, or any amendments, modifications or waivers of the
provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all
reasonable out-of-pocket expenses incurred by the Issuing Lender in connection with the issuance, amendment, renewal or
extension of any Letter of Credit or any demand for payment thereunder, and (iii) all out-of-pocket expenses incurred
by the Administrative Agent or any Lender (including the fees, charges and disbursements of one counsel for the Administrative
Agent and the Lenders and, if reasonably necessary, one local counsel for the Administrative Agent and the Lenders in any relevant
jurisdiction (and of such other counsel in the event of a conflict)), in connection with the enforcement or protection of its rights
(A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in
connection with the Loans made or Letters of Credit issued or participated in hereunder, including all such documented out-of-pocket
expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit.

 

(b)               
Indemnification by the Borrower. The Borrower shall indemnify the Administrative Agent (and any sub-agent thereof),
each Lender (including the Issuing Lender), and each Related Party of any of the foregoing Persons (each such Person being called
an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages,
liabilities and related expenses (including the fees, charges and disbursements of any counsel for any Indemnitee), incurred by
any Indemnitee or asserted against any Indemnitee by any Person (including the Borrower or any other Loan Party) other than such
Indemnitee and its Related Parties arising out of, in connection with, or as a result of (i) the execution or delivery of
this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties
hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby,
(ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by the Issuing
Lender to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not
strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Materials of
Environmental Concern on or from any property owned or operated by Holdings or any of its Subsidiaries, or any Environmental Liability
related in any way to Holdings or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation
or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third
party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto; provided
that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities
or related expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted
from the bad faith, gross negligence or willful misconduct of such Indemnitee or (y) result from a claim brought by the Borrower
or any other Loan Party against an Indemnitee for a material breach of such Indemnitee's obligations hereunder or under any other
Loan Document, if the Borrower or such Loan Party has obtained a final and nonappealable judgment in its favor on such claim as
determined by a court of competent jurisdiction. This Section 10.5(b) shall not apply with respect to Taxes other than
any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

 

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(c)                Reimbursement
by Lenders. To the extent that the Borrower for any reason fails indefeasibly to pay any amount required under
paragraph (a) or (b) of this Section to be paid by it to the Administrative Agent (or any sub-agent thereof), the
Issuing Lender, the Swingline Lender or any Related Party of any of the foregoing, each Lender severally agrees to pay to the
Administrative Agent (or any such sub-agent), the Issuing Lender, the Swingline Lender or such Related Party, as the case may
be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or
indemnity payment is sought based on each Lender’s share of the Total Credit Exposure at such time) of such unpaid
amount (including any such unpaid amount in respect of a claim asserted by such Lender); provided that with respect to
such unpaid amounts owed to the Issuing Lender or the Swingline Lender solely in its capacity as such, only the Revolving
Lenders shall be required to pay such unpaid amounts, such payment to be made severally among them based on such Revolving
Lenders’ Revolving Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment
is sought); provided further, that the unreimbursed expense or indemnified loss, claim, damage, liability or related
expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent), the
Issuing Lender or the Swingline Lender in its capacity as such, or against any Related Party of any of the foregoing acting
for the Administrative Agent (or any such sub-agent), the Issuing Lender or the Swingline Lender in connection with such
capacity. The obligations of the Lenders under this paragraph (c) are subject to the provisions of Sections 2.1, 2.4
and 2.20(e).

 

(d)               
Waiver of Consequential Damages, Etc. To the fullest extent permitted by applicable law, the Borrower shall not assert,
and hereby waives, any claim against the Administrative Agent (and any sub-agent thereof), each Lender (including the Issuing Lender),
and each Related Party of any of the foregoing Persons (each such Person being called an “Applicable Party”),
on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising
out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated
hereby, the transactions contemplated hereby or thereby, any Loan or Letter of Credit, or the use of the proceeds thereof. No Applicable
Party shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed
by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the
other Loan Documents or the transactions contemplated hereby or thereby.

 

(e)               
Payments. All amounts due under this Section shall be payable promptly after demand therefor.

 

(f)                
Survival. Each party’s obligations under this Section shall survive the Discharge of Obligations.

 

10.6          
Successors and Assigns; Participations and Assignments.

 

(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 (which, for purposes of this Section 10.6,
shall include any Cash Management Bank and any Qualified Counterparty, except that neither the Borrower nor any other Loan Party
may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative
Agent and each Lender, and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to
an assignee in accordance with the provisions of paragraph (b) of this Section, (ii) by way of participation in accordance
with the provisions of Section 10.6(d), or (iii) by way of pledge or assignment of a security interest subject
to the restrictions of Section 10.6(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 paragraph (d) of
this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent and the
Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

 

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(b)               
 Assignments by Lenders. Any Lender may at any time assign to one or more assignees all or a portion of its rights
and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it); provided
that (in each case with respect to any Facility) any such assignment shall be subject to the following conditions:

 

(i)                
Minimum Amounts.

 

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

 

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

 

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

 

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

 

(A)             
the consent of the Borrower (such consent not to be unreasonably withheld or delayed) shall be required unless (x) 
an Event of Default under Section 8.1(a) or (f) has occurred and is continuing at the time of such assignment, or
(y) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; provided that the Borrower shall
be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent
within ten Business Days after having received notice thereof;

 

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

 

(C)             
 the consent of the Issuing Lender and the Swingline Lender (such consent not to be unreasonably withheld or delayed) shall
be required for any assignment in respect of the Revolving Facility.

 

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

 

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(v)               
No Assignment to Certain Persons. No such assignment shall be made to (A) the Borrower or any of the Borrower’s
Affiliates or Subsidiaries or (B) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a
Lender hereunder, would constitute any of the foregoing Persons described in this clause (B).

 

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

 

(vii)           
Certain Additional Payments. In connection with any assignment of rights and obligations of any Defaulting Lender
hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein,
the parties to the assignment shall make such additional payments to the Administrative Agent in an aggregate amount sufficient,
upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations,
or other compensating actions, including funding, with the consent of the Borrower and the Administrative Agent, the applicable
pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee
and assignor hereby irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender
to the Administrative Agent, the Issuing Lender, the Swingline Lender and each other Lender hereunder (and interest accrued thereon),
and (y) acquire (and fund as appropriate) its full pro rata share of all Loans and participations in Letters of Credit and Swingline
Loans in accordance with its Revolving 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 the Administrative Agent pursuant to paragraph (c) of this Section, from and after the effective date specified in each Assignment
and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such
Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder
shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement
(and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this
Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 2.19,
2.20, 2.21 and 10.5 with respect to facts and circumstances occurring prior to the effective date of such
assignment; provided, that except to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting
Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting
Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this paragraph
shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance
with paragraph (d) of this Section.

 

(c)                Register.
The Administrative Agent, acting solely for this purpose as a non-fiduciary agent of the Borrower, shall maintain at one of
its offices in California a copy of each Assignment and Assumption delivered to it and a register for the recordation of the
names and addresses of the Lenders, and the Commitments of, and principal amounts (and stated interest) of the Loans owing
to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the
Register shall be conclusive absent manifest error, and the Borrower, the Administrative Agent and the Lenders shall treat
each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of
this Agreement. The Register shall be available for inspection by the Borrower and any Lender, at any reasonable time and
from time to time upon reasonable prior notice.

 

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(d)               
Participations. Any Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative
Agent, sell participations to any Person (other than a natural Person, a holding company, investment vehicle or trust established
for, or owned and operated for the primary benefit of, a natural Person, or the Borrower or any of the Borrower’s Affiliates
or Subsidiaries) (each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations
under this Agreement (including all or a portion of its Commitment and/or the Loans owing to it); provided that (i) such
Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to
the other parties hereto for the performance of such obligations, and (iii) the Borrower, the Administrative Agent, the Issuing
Lender and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s
rights and obligations under this Agreement. For the avoidance of doubt, each Lender shall be responsible for the indemnities under
Sections 2.20(e) and 9.7 with respect to any payments made by such Lender to its Participant(s).

 

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 which affects such Participant and for which the consent of such Lender is required (as described in Section 10.1).
The Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.19, 2.20 and 2.21
(subject to the requirements and limitations therein, including the requirements under Section 2.20(f) (it being understood
that the documentation required under Section 2.20(f) shall be delivered by such Participant to the Lender granting
such participation)) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section
10.6(b); provided that such Participant (A) agrees to be subject to the provisions of Sections 2.23 as if
it were an assignee under Section 10.6(b); and (B) shall not be entitled to receive any greater payment under Sections
2.19 or 2.20, 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 any Requirement of Law that occurs
after the Participant acquired the applicable participation. Each Lender that sells a participation agrees, at the Borrower's request
and expense, to use reasonable efforts to cooperate with the Borrower to effectuate the provisions of Section 2.23
with respect to any Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.7
as though it were a Lender; provided that such Participant agrees to be subject to Section 2.18(k) as though
it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the
Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated
interest) of each Participant’s interest in the Loans or other obligations under the Loan Documents (the “Participant
Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant
Register (including the identity of any Participant or any information relating to a Participant’s interest in any commitments,
loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure
is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section
5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest
error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation
for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent
(in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register.

 

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(e)               
 Certain Pledges. Any Lender may at any time pledge or assign a security interest in all or any portion of its rights
under this Agreement 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)                
Notes. The Borrower, upon receipt by the Borrower of written notice from the relevant Lender, agrees to issue Notes
to any Lender requiring Notes to facilitate transactions of the type described in Section 10.6.

 

(g)               
Representations and Warranties of Lenders. Each Lender, upon execution and delivery hereof or upon succeeding to
an interest in the Commitments or Loans, as the case may be, represents and warrants as of the Closing Date or as of the effective
date of the applicable Assignment and Assumption that (i) it is an Eligible Assignee; (ii) it has experience and expertise in the
making of or investing in commitments, loans or investments such as the Commitments and Loans; and (iii) it will make or invest
in its Commitments and Loans for its own account in the ordinary course of its business and without a view to distribution of such
Commitments and Loans within the meaning of the Securities Act or the Exchange Act, or other federal securities laws (it being
understood that, subject to the provisions of this Section 10.6, the disposition of such Commitments and Loans or any
interests therein shall at all times remain within its exclusive control).

 

10.7          
Adjustments; Set-off.

 

(a)               
Except to the extent that this Agreement expressly provides for payments to be allocated to a particular Lender or to the
Lenders under a particular Facility, if any Lender (a “Benefitted Lender”) shall receive any payment
of all or part of the Obligations owing to it, or receive any collateral in respect thereof (whether voluntarily or involuntarily,
by set-off, pursuant to events or proceedings of the nature referred to in Section 8.1(f), or otherwise), in a
greater proportion than any such payment to or collateral received by any other Lender, if any, in respect of the Obligations owing
to such other Lender, such Benefitted Lender shall purchase for cash from the other Lenders a participating interest in such portion
of the Obligations owing to each such other Lender, or shall provide such other Lenders with the benefits of any such collateral,
as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral ratably with each
of the Lenders; provided that if all or any portion of such excess payment or benefits is thereafter recovered from such
Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery,
but without interest.

 

(b)                (i)
Upon the occurrence and during the continuance of any Event of Default and (ii) after providing at least 3 Business
Days’ (or such shorter amount of time as the Administrative Agent may agree) prior written notice to the Administrative
Agent, each Lender and each of its Affiliates is hereby authorized at any time and from time to time, without prior notice to
Holdings, the Borrower or any other Loan Party, any such notice being expressly waived by Holdings, the Borrower and each
Loan Party, to the fullest extent permitted by applicable law, to set off and apply any and all deposits (general or special,
time or demand, provisional or final), in any currency, at any time held or owing, and any other credits, indebtedness,
claims or obligations, in any currency, in each case whether direct or indirect, absolute or contingent, matured or
unmatured, at any time held or owing by such Lender, its Affiliates or any branch or agency thereof to or for the credit or
the account of Holdings, the Borrower or any other Loan Party, as the case may be, against any and all of the obligations of
Holdings, the Borrower or such other Loan Party now or hereafter existing under this Agreement or any other Loan Document to
such Lender or its Affiliates, irrespective of whether or not such Lender or Affiliate shall have made any demand under this
Agreement or any other Loan Document and although such obligations of Holdings, the Borrower or such other Loan Party may be
contingent or unmatured or are owed to a branch, office or Affiliate of such Lender different from the branch, office or
Affiliate holding such deposit or obligated on such indebtedness; provided, that in the event that any Defaulting
Lender or any of its Affiliates shall exercise any such right of setoff, (x) all amounts so set off shall be paid over
immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.23
and, pending such payment, shall be segregated by such Defaulting Lender or Affiliate thereof from its other funds and deemed
held in trust for the benefit of the Administrative Agent and the Lenders, and (y) the Defaulting Lender shall provide
promptly to the Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting
Lender or Affiliate thereof as to which it exercised such right of setoff. Each Lender agrees to notify the Borrower and the
Administrative Agent promptly after any such setoff and application made by such Lender or any of its Affiliates; provided
that the failure to give such notice shall not affect the validity of such setoff and application. The rights of each Lender
and its Affiliates under this Section 10.7 are in addition to other rights and remedies (including other rights of
set-off) which such Lender or its Affiliates may have.

 

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10.8          
Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to the Administrative Agent
or any Lender, or the Administrative Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such
setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including
pursuant to any settlement entered into by the Administrative Agent or such Lender in its discretion) to be repaid to a trustee,
receiver or any other party, in connection with any Insolvency Proceeding or otherwise, then (a) to the extent of such recovery,
the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if
such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative
Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by the Administrative Agent,
plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal
Funds Effective Rate from time to time in effect. The obligations of the Lenders under clause (b) of the preceding sentence
shall survive the Discharge of Obligations.

 

10.9          
Interest Rate Limitation. Notwithstanding anything to the contrary contained in any Loan Document, the interest paid
or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable
law (the “Maximum Rate”). If the Administrative Agent or any Lender shall receive interest in an amount
that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid
principal, refunded to the Borrower. In determining whether the interest contracted for, charged, or received by the Administrative
Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable law, (a) characterize any payment
that is not principal as an expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof,
and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated
term of the Obligations hereunder.

 

10.10       
Counterparts; Electronic Execution of Assignments.

 

(a)               
This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts, and
all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature
page of this Agreement by facsimile or other electronic mail transmission shall be effective as delivery of an original executed
counterpart hereof. A set of the copies of this Agreement signed by all the parties shall be lodged with the Borrower and the Administrative
Agent.

 

(b)                The
words “execution,” “signed,” “signature,” and words of like import in any Assignment and
Assumption shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall
be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based
recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal
Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any
other similar state laws based on the Uniform Electronic Transactions Act.

 

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10.11       
Severability. Any provision of this Agreement 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 provisions
hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision
in any other jurisdiction. Without limiting the foregoing provisions of this Section 10.11, if and to the extent that
the enforceability of any provisions in this Agreement relating to Defaulting Lenders shall be limited under or in connection with
any Insolvency Proceeding, as determined in good faith by the Administrative Agent or the Issuing Lender, as applicable, then such
provisions shall be deemed to be in effect only to the extent not so limited.

 

10.12       
Integration. This Agreement and the other Loan Documents represent the entire agreement of Holdings, the Borrower, the
other Loan Parties, the Administrative Agent and the Lenders with respect to the subject matter hereof and thereof, and there are
no promises, undertakings, representations or warranties by the Administrative Agent or any Lender relative to the subject matter
hereof not expressly set forth or referred to herein or in the other Loan Documents.

 

10.13       
GOVERNING LAW. THIS AGREEMENT, THE OTHER LOAN DOCUMENTS, AND ANY CLAIM, CONTROVERSY, DISPUTE, CAUSE OF ACTION, OR
PROCEEDING (WHETHER BASED IN CONTRACT, TORT, OR OTHERWISE) BASED UPON, ARISING OUT OF, CONNECTED WITH, 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, AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO AND THERETO, SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. This Section 10.13 shall survive the Discharge of Obligations.

 

10.14       
Submission to Jurisdiction; Waivers 1.3. Each party hereto hereby irrevocably and unconditionally:

 

(a)                agrees
that all disputes, controversies, claims, actions and other proceedings involving, directly or indirectly, any matter in any
way arising out of, related to, or connected with, this Agreement, any other Loan Document, any contemplated transactions
related hereto or thereto, or the relationship between any Loan Party, on the one hand, and the Administrative Agent or any
Lender or any other Secured Party, on the other hand, and any and all other claims of the Borrower or any other Group Member
against the Administrative Agent or any Lender or any other Secured Party of any kind, shall be brought only in a state court
located in the Borough of Manhattan, or, to the extent permitted by law, in a federal court sitting in the Borough of
Manhattan; provided that nothing in this Agreement shall be deemed to operate to preclude the Administrative Agent or any
Lender or any other Secured Party from bringing suit or taking other legal action in any other jurisdiction to realize on the
Collateral or any other security for the Obligations, or to enforce a judgment or other court order in favor of
Administrative Agent or such Lender or any other Secured Party, to the extent permitted by law. Holdings and the Borrower, on
behalf of themselves and each other Loan Party (i) expressly submits and consents in advance to such jurisdiction in any
action or suit commenced in any such court and to the selection of any referee referred to below, (ii) hereby waives any
objection that it may have based upon lack of personal jurisdiction, improper venue, or forum non conveniens and hereby
consents to the granting of such legal or equitable relief as is deemed appropriate by such court, and (iii) agrees that it
shall not file any motion or other application seeking to change the venue of any such suit or other action. Holdings and the
Borrower, on behalf of themselves and each other Loan Party, hereby waives personal service of any summons, complaints, and
other process issued in any such action or suit and agrees that service of any such summons, complaints, and other process
may be made by registered or certified mail addressed to the Borrower at the address set forth in Section 10.2 of this
Agreement and that service so made shall be deemed completed upon the earlier to occur of the Borrower’s actual receipt
thereof or three days after deposit in the U.S. mails, proper postage prepaid;

 

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(b)               
WAIVES, TO THE EXTENT PERMITTED BY APPLICABLE LAW, ITS RIGHT TO A JURY TRIAL OF ANY CLAIM, CAUSE OF ACTION, OR PROCEEDING
(WHETHER BASED IN CONTRACT, TORT, OR OTHERWISE) BASED UPON, ARISING OUT OF, CONNECTED WITH, OR RELATING TO THIS AGREEMENT, ANY
OTHER LOAN DOCUMENT, OR ANY TRANSACTION CONTEMPLATED HEREBY AND THEREBY, AMONG ANY OF THE PARTIES HERETO AND THERETO. THIS WAIVER
IS A MATERIAL INDUCEMENT FOR THE PARTIES HERETO TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS. HOLDINGS AND THE BORROWER
HAS REVIEWED THIS WAIVER WITH ITS COUNSEL; and

 

(c)               
waives, to the maximum extent not prohibited by law, any right it may have to claim or recover in any legal action or proceeding
referred to in this Section any special, exemplary, punitive or consequential damages; provided that nothing contained
herein shall limit the right of any Indemnitee to be indemnified as provided in this Agreement and the other Loan Documents.

 

This Section 10.14
shall survive the Discharge of Obligations.

 

10.15       
Acknowledgements. Each of Holdings and the Borrower hereby acknowledges that:

 

(a)               
it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the other Loan Documents;

 

(b)                in
connection with all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or
other modification hereof or of any other Loan Document), Holdings and the Borrower, on behalf of each Group Member,
acknowledges and agrees that: (i) (A) the arranging and other services regarding this Agreement provided by the
Administrative Agent and any Affiliate thereof, and the Lenders and any Affiliate thereof are arm’s-length commercial
transactions between the Borrower, each other Loan Party and their respective Affiliates, on the one hand, and the
Administrative Agent, the Lenders and their respective applicable Affiliates (collectively, solely for purposes of this
Section, the “Lenders”), on the other hand, (B) each of the Borrower and the other Loan Parties has
consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (C) the
Borrower and each other Loan Party is capable of evaluating, and understands and accepts, the terms, risks and conditions of
the transactions contemplated hereby and by the other Loan Documents; (ii) (A) the Administrative Agent, its Affiliates, each
Lender and their Affiliates is and has been acting solely as a principal and, except as expressly agreed in writing by the
relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for Borrower, any other Loan
Party or any of their respective Affiliates, or any other Person and (B) neither the Administrative Agent, its Affiliates,
any Lender nor any of their Affiliates has any obligation to the Borrower, any other Loan Party or any of their respective
Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in
the other Loan Documents; and (iii) the Administrative Agent, its Affiliates, the Lenders and their Affiliates may be engaged
in a broad range of transactions that involve interests that differ from those of the Borrower, the other Loan Parties and
their respective Affiliates, and neither the Administrative Agent, its Affiliates, any Lender nor any of their Affiliates has
any obligation to disclose any of such interests to the Borrower, any other Loan Party or any of their respective Affiliates.
To the fullest extent permitted by law, each of the Borrower and each other Loan Party hereby agrees not to assert any claims
it may have against the Administrative Agent, its Affiliates, each Lender and any of their Affiliates with respect to any
breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transactions contemplated hereby;
and

 

    126

     

    

 

(c)               
no joint venture is created hereby or by the other Loan Documents or otherwise exists by virtue of the transactions contemplated
hereby among the Lenders or among the Group Members and the Lenders.

 

10.16       
Releases of Guarantees and Liens.

 

(a)               
Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby
irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by
Section 10.1) to take any action requested by the Borrower having the effect of releasing any Collateral or guarantee
obligations (1) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that
has been consented to in accordance with Section 10.1 or (2) under the circumstances described in Section 10.16(b)
below.

 

(b)               
Upon the Discharge of Obligations, the Collateral (other than any cash collateral securing any Specified Swap Agreements,
any Cash Management Services or outstanding Letters of Credit) shall be released from the Liens created by the Security Documents
and Cash Management Agreements (other than any Cash Management Agreements used to Cash Collateralize any Obligations arising in
connection with Cash Management Agreements), and all obligations (other than those expressly stated to survive such termination)
of the Administrative Agent and each Loan Party under the Security Documents and Cash Management Agreements (other than any Cash
Management Agreements used to cash collateralize any Obligations arising in connection with Cash Management Agreements) shall terminate,
all without delivery of any instrument or performance of any act by any Person.

 

10.17        Treatment
of Certain Information; Confidentiality. Each of the Administrative Agent and each Lender agrees to maintain the
confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates
and to its Related Parties (it being understood that the Persons to whom such disclosure is made will be informed of the
confidential nature of such Information and instructed to keep such Information confidential); (b) to the extent
required or requested by any regulatory authority purporting to have jurisdiction over such Person or its Related Parties
(including any self-regulatory authority, such as the National Association of Insurance Commissioners); (c) to the
extent required by applicable laws or regulations or by any subpoena or similar legal process; (d) to any other party
hereto; (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or
proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder;
(f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any
assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights and obligations under this
Agreement, or (ii) any actual or prospective party (or its Related Parties) to any swap, derivative or other transaction
under which payments are to be made by reference to the Borrower and its obligations, this Agreement or payments hereunder;
(g) on a confidential basis to (i) any rating agency in connection with rating Holdings or its Subsidiaries or the
Facilities or (ii) the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of
CUSIP numbers with respect to the Facilities; (h) with the consent of the Borrower; or (i) to the extent such
Information (x) becomes publicly available other than as a result of a breach of this Section, or (y) becomes
available to the Administrative Agent, any Lender or any of their respective Affiliates on a non-confidential basis from a
source other than the Borrower. In addition, the Administrative Agent, the Lenders, and any of their respective Related
Parties, may (A) disclose the existence of this Agreement and information about this Agreement to market data
collectors, similar service providers to the lending industry and service providers to the Administrative Agent or the
Lenders in connection with the administration of this Agreement, the other Loan Documents, and the Commitments; and
(B) use any information (not constituting Information subject to the foregoing confidentiality restrictions) related to
the syndication and arrangement of the credit facilities contemplated by this Agreement in connection with marketing, press
releases, or other transactional announcements or updates provided to investor or trade publications, including the placement
of “tombstone” advertisements in publications of its choice at its own expense.

 

    127

     

    

 

Notwithstanding anything
herein to the contrary, any party to this Agreement (and any employee, representative, or other agent of any party to this Agreement)
may disclose to any and all persons, without limitation of any kind, the tax treatment and tax structure of the transactions contemplated
by this Agreement and all materials of any kind (including opinions or other tax analyses) that are provided to it relating to
such tax treatment and tax structure. However, any such information relating to the tax treatment or tax structure is required
to be kept confidential to the extent necessary to comply with any applicable federal or state securities laws, rules, and regulations.

 

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

 

10.18       
Automatic Debits. With respect to any principal, interest, fee, or any other cost or expense (including attorney costs
of the Administrative Agent or any Lender payable by the Borrower hereunder) due and payable to the Administrative Agent or any
Lender under the Loan Documents, the Borrower hereby irrevocably authorizes the Administrative Agent to debit any deposit account
of the Borrower maintained with the Administrative Agent in an amount such that the aggregate amount debited from all such deposit
accounts does not exceed such principal, interest, fee or other cost or expense. If there are insufficient funds in such deposit
accounts to cover the amount then due, such debits will be reversed (in whole or in part, in the Administrative Agent’s sole
discretion) and such amount not debited shall be deemed to be unpaid. No such debit under this Section 10.18 shall
be deemed a set-off.

 

10.19        Judgment
Currency. If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due hereunder or any
other Loan Document in one currency into another currency, the rate of exchange used shall be that at which in accordance
with normal banking procedures the Administrative Agent could purchase the first currency with such other currency on the
Business Day preceding that on which final judgment is given. The obligation of the Borrower and each other Loan Party in
respect of any such sum due from it to the Administrative Agent or any Lender hereunder or under any other Loan Document
shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than that in
which such sum is denominated in accordance with the applicable provisions of this Agreement (the “Agreement
Currency”), be discharged only to the extent that on the Business Day following receipt by the Administrative
Agent or such Lender, as the case may be, of any sum adjudged to be so due in the Judgment Currency, the Administrative Agent
or such Lender, as the case may be, may in accordance with normal banking procedures purchase the Agreement Currency with the
Judgment Currency. If the amount of the Agreement Currency so purchased is less than the sum originally due to the
Administrative Agent or any Lender from the Borrower or any other Loan Party in the Agreement Currency, the Borrower and each
other Loan Party agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Administrative
Agent or such Lender, as the case may be, against such loss. If the amount of the Agreement Currency so purchased is greater
than the sum originally due to the Administrative Agent or any Lender in such currency, the Administrative Agent or such
Lender, as the case may be, agrees to return the amount of any excess to the Borrower or other Loan Party, as applicable (or
to any other Person who may be entitled thereto under applicable law).

 

    128

     

    

 

10.20       
Patriot Act; Other Regulations. Each Lender and the Administrative Agent (for itself and not on behalf of any other
party) hereby notifies Holdings and the Borrower and each other Loan Party that, pursuant to the requirements of “know your
customer” and anti-money-laundering rules and regulations, including the Patriot Act and the Beneficial Ownership Regulation,
it is required to obtain, verify and record information that identifies Holdings and the Borrower and each other Loan Party, which
information includes the names and addresses and other information that will allow such Lender or the Administrative Agent, as
applicable, to identify each Loan Party and certain of their beneficial owners and other officers in accordance with the Patriot
Act and 31 C.F.R. § 1010.230. Each of Holdings and the Borrower and each other Loan Party will, and will cause each of its
respective Subsidiaries to, to the extent commercially reasonable or required by any Requirement of Law, furnish or deliver such
information and documents and take such actions as are reasonably requested by the Administrative Agent or any Lender to assist
the Administrative Agent and the Lenders in maintaining compliance with “know your customer” requirements under the
PATRIOT Act, 31 C.F.R. § 1010.230 or other applicable anti-money laundering laws.

 

10.21       
 Acknowledgement and Consent to Bail-In of Affected Financial Institutions.

 

Notwithstanding anything
to the contrary in this Agreement or in any other Loan Document or in any other agreement, arrangement or understanding among any
such parties, each party hereto acknowledges that any liability of any Affected Financial Institution arising under any Loan Document,
to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of the applicable Resolution
Authority and agrees and consents to, and acknowledges and agrees to be bound by:

 

(a)             
the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities
arising hereunder which may be payable to it by any party hereto that is an Affected Financial Institution; and

 

(b)            
the effects of any Bail-In Action on any liability, including, if applicable:

 

		(i)	a reduction in full or in part of cancellation of any such liability;

 

		(ii)	a conversion of all, or a portion of, such liability into shares or other instruments of ownership
in such Affected Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred
on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any
such liability under this Agreement or any other Loan Document; or

 

		(iii)	the variation of the terms of such liability in connection with the exercise of the Write-Down
and Conversion Powers of the applicable Resolution Authority.

 

    129

     

    

 

10.22       
Amendment and Restatement of Existing Credit Agreement; Acknowledgement of Prior Obligations; No Novation.

 

		(a)	The parties to this Agreement agree that, upon (i) the execution and delivery by each of the parties
hereto of this Agreement and (ii) satisfaction of the conditions set forth in Section 5.1, the terms and provisions of the
Existing Credit Agreement shall be and hereby are amended, superseded and restated in their entirety by the terms and provisions
of this Agreement. Upon the effectiveness of this Agreement, (A) the Administrative Agent shall make such reallocations, sales,
assignments or other relevant actions in respect of each Lender’s credit exposure under the Existing Credit Agreement as
are necessary in order that each such Lender’s Aggregate Exposure and outstanding Loans hereunder reflects such Lender’s
Aggregate Exposure Percentage of the outstanding Aggregate Exposure on the Closing Date, (B) the Existing Revolving Loans of each
Departing Lender shall be re-evidenced as Revolving Loans hereunder (and any accrued and unpaid interest and fees thereon shall
be repaid in full pursuant to Section 5.1(g)), each Departing Lender’s “Commitment” under the Existing
Credit Agreement shall be terminated and no Departing Lender shall be a Lender hereunder (provided, however, that each Departing
Lender shall continue to be entitled to the benefits of Sections 2.19, 2.20, 2.21 and 10.5) and (C)
the Borrower hereby agrees to compensate each Lender (and each Departing Lender) for any and all losses, costs and expenses incurred
by such Lender (and such Departing Lender) in connection with the sale and assignment of any Eurodollar Loans (including the “Eurodollar
Loans” under the Existing Credit Agreement) and such reallocation (and any repayment or prepayment of any Departing Lender’s
Existing Revolving Loans) described above, in each case on the terms and in the manner set forth in Section 2.21 hereof.

 

		(b)	Each of the Borrower and Holdings, on behalf of itself and each other Loan Party, (i) acknowledges
and agrees that the prior grant or grants of security interests in favor of any of the Administrative Agent or any other Secured
Party (as defined in the Existing Credit Agreement) in its properties and assets, under each “Loan Document” as defined
in the Existing Credit Agreement (the “Original Loan Documents”) to which it is a party shall be in respect
of the Obligations of such Person under this Agreement and the other Loan Documents; (ii) reaffirms (A) all of the Obligations
(as defined in the Existing Credit Agreement) owing to the Administrative Agent and the other Secured Parties (as defined in the
Existing Credit Agreement), and (B) all prior or concurrent grants of security interests in favor of any of the Administrative
Agent or any other Secured Party (as defined in the Existing Credit Agreement) under each Original Loan Document and each Loan
Document; and (iii) agrees that, except as expressly amended hereby or unless being amended and restated concurrently herewith,
each of the Original Loan Documents to which it is a party is and shall remain in full force and effect. The Borrower hereby confirms
and agrees that all outstanding principal, interest and fees and other “Obligations” (as defined in the Existing Credit
Agreement) under the Existing Credit Agreement immediately prior to the Closing Date shall, to the extent not paid on the Closing
Date, from and after the Closing Date, be, without duplication, Obligations pursuant to this Agreement and the other Loan Documents
as in effect from time to time, shall accrue interest thereon as specified in this Agreement, and shall be secured by the Loan
Documents.

 

		(c)	This Agreement does not extinguish the obligations for the payment of money outstanding under
                                                               the Existing Credit Agreement or discharge or release the obligations or the Liens or priority of any Liens or any other
                                                               security therefor. Nothing herein contained shall be construed as a substitution or novation of the obligations outstanding
                                                               under the Existing Credit Agreement, the other Original Loan Documents or instruments securing the same, which shall remain
                                                               in full force and effect, except as modified hereby or by instruments executed concurrently herewith. Nothing expressed or
                                                               implied in this Agreement shall be construed as a release or other
discharge of the Borrower or any Guarantor from any of its obligations or liabilities under the Existing Credit Agreement or any
of the security agreements, pledge agreements, mortgages, guaranties or other loan documents executed in connection therewith.
Each of the Borrower and Holdings, on behalf of itself and each other Loan Party, hereby (i) confirms and agrees that each Original
Loan Document to which it is a party that is not being amended and restated concurrently herewith is, and shall continue to be,
in full force and effect and is hereby ratified and confirmed in all respects except that on and after the Closing Date, all references
in any such Original Loan Document to “the Credit Agreement,” “thereto,” “thereof,” “thereunder”
or words of like import referring to the Existing Credit Agreement shall mean the Existing Credit Agreement as amended and restated
by this Agreement; and (ii) confirms and agrees that to the extent that any such Original Loan Document purports to assign
or pledge to any Secured Party a security interest in or Lien on, any collateral as security for all or any portion of any of the
Obligations of the Borrower or any other Loan Party, as the case may be, from time to time existing in respect of the Existing
Credit Agreement or the Original Loan Document, such pledge or assignment or grant of the security interest or Lien is hereby ratified
and confirmed in all respects with respect to this Agreement and the Loan Documents.

 

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10.23       
Acknowledgment Regarding Any Supported QFCs. To the extent that the Loan Documents provide support, through a guarantee
or otherwise, for any Swap 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 hereto hereby acknowledge
and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit
Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated
thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support
(with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be
governed by the laws of the State of New York and/or of the United States or any other state of the United States):

 

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

 

    131

     

    

 

(ii)              
As used in this Section 10.23, the following terms have the following meanings:

 

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

 

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

 

(C)             
“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.

 

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

 

 

 

[Remainder of page left blank intentionally]

 

    132

     

    

 

 

 

 

In
Witness Whereof, the parties hereto have caused this Agreement to be duly executed and delivered by their proper and
duly authorized officers as of the day and year first above written.

 

	 	HOLDINGS:
	 	 
	 	CROWDSTRIKE HOLDINGS,
    INC.
	 	 
	 	By:	/s/ Burt Podbere
	  	Name:	 Burt Podbere
	 	Title:	Chief Financial Officer

 

	 	BORROWER:
	 	 
	 	CROWDSTRIKE, INC.
	 	 
	 	By:	/s/ Burt Podbere
	 	Name:	Burt Podbere
	 	Title:	Chief Financial Officer and Director

 

     

     

    

 

	 	ADMINISTRATIVE AGENT:
	 	 
	 	SILICON VALLEY BANK,
    as Administrative Agent
	 	 
	 	By:	/s/ Victoria Regan
	 	Name:	Victoria Regan
	 	Title:	Managing Director

 

     

     

    

 

	 	LENDERS:
	 	 
	 	SILICON VALLEY BANK,
	 	as Issuing Lender, Swingline Lender and as a Lender
	 	 
	 	By:	 /s/ Victoria Regan
	 	Name:	 Victoria Regan
	 	Title:	Managing Director

 

     

     

    

 

	 	JPMORGAN CHASE BANK, N.A.,
	 	as a Lender
	 	 
	 	By:	/s/ Timothy Lee
	 	Name:	 Timothy Lee
	 	Title:	Executive Director

 

    2 

     

    

 

	 	Comerica Bank,
	 	as a Lender
	 	 
	 	By:	 /s/ Elizabeth McDonald
	 	Name:	 Elizabeth McDonald
	 	Title:	 Vice President
	 	 

 

    3 

     

    

 

	 	TRUST BANK (AS SUCCESOR
    BY MERGER TO SUNTRUST BANK),
	 	as a Lender
	 	 
	 	By:	 /s/ Alfonso Brigham
	 	Name:	 Alfonso Brigham
	 	Title:	 Vice President

 

     

     

    

 

	 	BARCLAYS BANK PLC,
	 	as a Lender
	 	 
	 	By:	 /s/ Martin Corrigan
	 	Name:	 Martin Corrigan
	 	Title:	 Vice President

 

     

     

    

 

	 	BBVA USA,
	 	as a Lender
	 	 
	 	By:	 /s/ James Haack
	 	Name:	 James Haack
	 	Title:	 Senior Vice President

 

     

     

    

 

	 	Bank of America, N.A.,
	 	as a Lender
	 	 
	 	By:	/s/ Molly Daniello
	 	Name:	 Molly Daniello
	 	Title:	Director

 

     

     

    

 

	 	CITIBANK, N.A.,
	 	as a Lender
	 	 
	 	By:	/s/ Robert Shaw
	 	Name:	 Robert Shaw
	 	Title:	Vice President

 

     

     

    

 

	 	GOLDMAN SACHS BANK USA,
	 	as a Lender
	 	 
	 	By:	/s/ Jacob Elder
	 	Name:	Jacob Elder
	 	Title:	Authorized Signatory

 

     

     

    

 

	 	HSBC BANK USA, NATIONAL
    ASSOCIATION,
	 	as a Lender
	 	 
	 	By:	/s/ Kevin Tang
	 	Name:	Kevin Tang
	 	Title:	Vice President

 

     

     

    

 

	 	Mizuho Bank, Ltd.,,
	 	as a Lender
	 	 
	 	By:	/s/ Tracy Rahn
	 	Name:	Tracy Rahn
	 	Title:	Executive Director

 

     

     

    

 

	 	Wells Fargo Bank,N.A.,
	 	as a Lender
	 	 
	 	By:	/s/ Travis Padgett
	 	Name:	Travis Padgett
	 	Title:	Senior Vice President

 

     

     

    

 

	 	Credit Suisse AG, Cayman
    Islands Branch,
	 	As a Lender
	 	 
	 	By:	/s/ William O’Daly
	 	Name:	William O’Daly
	 	Title:	Authorized Signatory
	 	 
	 	By:	/s/ D. Andrew Maletta
	 	Name:	 D. Andrew Maletta
	 	Title:	Authorized Signatory

 

     

     

    

 

SCHEDULE 1.1A

 

COMMITMENTS

AND AGGREGATE EXPOSURE PERCENTAGES

 

REVOLVING COMMITMENTS

 

	Lender	 	Revolving Commitment
	 	 	Revolving Percentage	 
	 	 	 	 	 	 	 
	Silicon Valley Bank	 	$	97,500,000.00	 	 	 	13.000000000	%
	JPMorgan Chase Bank, N.A.	 	$	97,500,000.00	 	 	 	13.000000000	%
	Bank of America, N.A.	 	$	70,000,000.00	 	 	 	9.333333333	%
	Barclays Bank PLC	 	$	70,000,000.00	 	 	 	9.333333333	%
	Citibank, N.A.	 	$	70,000,000.00	 	 	 	9.333333333	%
	Wells Fargo Bank, N.A.	 	$	70,000,000.00	 	 	 	9.333333333	%
	Goldman Sachs Bank USA	 	$	50,000,000.00	 	 	 	6.666666667	%
	Mizuho Bank, Ltd.	 	$	50,000,000.00	 	 	 	6.666666667	%
	BBVA USA	 	$	35,000,000.00	 	 	 	4.666666667	%
	Comerica Bank	 	$	35,000,000.00	 	 	 	4.666666667	%
	Credit Suisse AG	 	$	35,000,000.00	 	 	 	4.666666667	%
	HSBC Bank USA, National Association	 	$	35,000,000.00	 	 	 	4.666666667	%
	Truist Bank	 	$	35,000,000.00	 	 	 	4.666666667	%
	Total	 	$	750,000,000.00	 	 	 	100.000000000	%

 

     

     

    

 

L/C COMMITMENT

 

	Lender	 	L/C Commitment	 	 	L/C Percentage	 
	 	 	 	 	 	 	 
	Silicon Valley Bank	 	$	12,999,999.99	 	 	 	13.000000000	%
	JPMorgan Chase Bank, N.A.	 	$	13,000,000.00	 	 	 	13.000000000	%
	Bank of America, N.A.	 	$	9,333,333.33	 	 	 	9.333333333	%
	Barclays Bank PLC	 	$	9,333,333.33	 	 	 	9.333333333	%
	Citibank, N.A.	 	$	9,333,333.33	 	 	 	9.333333333	%
	Wells Fargo Bank, N.A.	 	$	9,333,333.33	 	 	 	9.333333333	%
	Goldman Sachs Bank USA	 	$	6,666,666.67	 	 	 	6.666666667	%
	Mizuho Bank, Ltd.	 	$	6,666,666.67	 	 	 	6.666666667	%
	BBVA USA	 	$	4,666,666.67	 	 	 	4.666666667	%
	Comerica Bank	 	$	4,666,666.67	 	 	 	4.666666667	%
	Credit Suisse AG	 	$	4,666,666.67	 	 	 	4.666666667	%
	HSBC Bank USA, National Association	 	$	4,666,666.67	 	 	 	4.666666667	%
	Truist Bank	 	$	4,666,666.67	 	 	 	4.666666667	%
	Total	 	$	100,000,000.00	 	 	 	100.000000000	%

 

 

SWINGLINE COMMITMENT

 

	Lender	 	Swingline Commitment	 	 	Exposure Percentage	 
	 	 	 	 	 	 	 
	Silicon Valley Bank	 	$	50,000,000.00	 	 	 	100.000000000	%
	Total	 	$	50,000,000.00	 	 	 	100.000000000	%Document

January 4, 2021

Lauren Silvernail
Chief Financial Officer 
EVOLUS, INC.
520 Newport Center Drive, Suite 1200
Newport Beach CA 92660

Dear Ms. Silvernail:

We refer to the Loan and Security Agreement dated as of March 15, 2019 (as the same may from time to time have been amended, restated, or otherwise modified, the “Loan Agreement”) among Oxford Finance LLC (“Oxford”), as collateral agent (in such capacity, the “Collateral Agent”), the Lenders listed on Schedule 1.1 thereof or otherwise a party thereto from time to time including Oxford in its capacity as a Lender (each a “Lender” and collectively, the “Lenders”) and Evolus, Inc. (“Borrower”).  Capitalized terms used but not otherwise defined herein shall have the meanings given them in the Loan Agreement.

Borrower has advised Collateral Agent and Lenders that it intends to repay all amounts due and owing under the Loan Agreement, subject to the Lenders’ agreement to waive the Prepayment Fee, and has requested that Collateral Agent and Lenders provide Borrower with appropriate pay-off amounts for the principal, interest, other amounts and the Obligations (as defined in the Loan Agreement) owing by Borrower to Collateral Agent and Lenders under the Loan Documents (as defined below).  The pay-off amounts due to Collateral Agent and Lenders from Borrower as of January 4, 2021 (the “Computation Date”) under the Loan Documents are as follows (collectively, together with any per diem accruals accruing after the Computation Date that must be repaid by Borrower, the “Pay-Off Amount”):

Pay-Off Amount:

Secured Promissory Notes Dated March 15, 2019 

															
		Principal		$75,000,000.00	
		Interest		$79,166.72	
		Final Payment		$1,322,904.03	
		Legal Fees		$45,000.00	
			Total Amount Owing	$76,447,070.75	

Total Oxford Pay-Off Amount as of January 4, 2021: $76,447,070.75

This letter agreement confirms that Borrower has waived the right to seek any additional credit extensions, and the Collateral Agent and Lenders shall not be obligated to make, and the Collateral Agent and Lenders shall not make, any further credit extensions or other financial accommodations under the Loan Agreement, or otherwise, to or for the benefit of Borrower.  If the Obligations are not paid in full on or prior to 5:00 PM Eastern time on the Computation Date, then this agreement shall terminate and be of no further force or effect.  

The Pay-Off Amount shall be wired to Oxford as follows:

Bank name:    [***]
[***]
[***]
ABA#:    [***]
Acct#:    [***] 
Acct name:    Oxford Finance LLC
Reference:    Evolus, Inc. Payoff

Effective immediately upon Oxford’s receipt, via wire using the wire instructions above, of payment in full in cash of the Pay-Off Amount (the date of Oxford’s receipt of the Pay-Off Amount being the “Pay-Off Date”), without further action on the part of the parties hereto (i) all indebtedness and obligations of Borrower to the Lenders and the Collateral Agent, including but not limited to such indebtedness, liabilities and Obligations under the Loan Agreement, the other Loan Documents and any other related loan and collateral security documents, (collectively, the “Loan Documents”), including any Prepayment Fee payable thereunder, shall be paid and discharged in full; (ii) all unfunded commitments to make credit extensions or financial accommodations to Borrower or any other person under the Loan Agreement shall be terminated; (iii) all guarantees, mortgages, charges, liens, assignments, security interests and other security or liens of every type at any time granted to or held by the Collateral Agent or the Lenders as security for such indebtedness, liabilities and obligations shall be automatically terminated, and (iv) all other obligations of Borrower under the Loan Documents shall be deemed terminated; provided, however, those provisions that are expressly specified in any Loan Document as surviving that respective agreement’s termination, including without limitation, Borrower’s indemnity obligations set forth in the Loan Documents shall continue to survive notwithstanding this termination; and provided, further, that to the extent that any payments or proceeds (or any portion thereof) received by any Lender shall be subsequently invalidated, declared to be fraudulent or a fraudulent conveyance or preferential, set aside or required to be repaid to a trustee, receiver, debtor-in-possession or any other party under any bankruptcy or insolvency law, state, provincial, municipal or federal law, common law or equitable cause, then to the extent that the payment or proceeds is rescinded or must otherwise be restored by such Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, the Obligations or part thereof which were intended to be satisfied shall be revived and continue to be in full force and effect, as if the payment or proceeds had never been received by such Lender, and this letter agreement shall in no way impair the claims of such Lender with respect to the revived Obligations.  

On receipt by Oxford of the Pay-Off Amount on the Computation Date, Collateral Agent and Lenders (i) affirm that no Event of Default currently exists under the Loan Documents; (ii) shall file (1) all UCC-3 Termination Statements to terminate all UCC Financing Statements in Collateral Agent’s and Lenders’ favor with respect to Borrower and any of Borrower’s property or assets and any third party and any of its property or assets that guarantied the Obligations or provided collateral security therefor; and (2) any other documents necessary to release or terminate any lien in any jurisdiction with respect to Borrower’s intellectual property or other property or assets; (iii) shall deliver notices to terminate any deposit or securities account control agreements or any other termination notices as may be reasonably necessary relating to any assets in which Borrower or any other party has pledged a security interest to Collateral Agent and Lenders to secure the obligations arising under the Loan Documents; (iv) shall mark all notes issued under the Loan Agreement “cancelled” and deliver the same to Borrower; (v) shall promptly deliver to Borrower any physical collateral and to take such other actions in furtherance 

of the foregoing reasonably requested by Borrower (or any person or entity designated by any of them as such party’s delegate for this purpose) at the expense of Borrower; and (vi) shall at any time and from time to time, promptly (at the cost and expense of Borrower) execute and deliver or record such other termination statements, lien releases, discharges of security interests, and any other similar discharge or release documents as Borrower (or its successors and assigns) may from time to time reasonably request to effectuate, or reflect of public record, the release and discharge of such security interests and liens.  All such agreements, documents, and instruments which are requested by Borrower to be delivered or filed by Collateral Agent and Lenders on or after the Pay-Off Date shall be prepared at no cost or expense to Collateral Agent and Lenders; provided, that any costs or expenses incurred by Collateral Agent and Lenders with respect to such items (including all reasonable attorneys’ fees) shall be reimbursed promptly by Borrower on demand.

To induce Collateral Agent and the Lenders to enter into this letter agreement, Borrower hereby (a) acknowledges and agrees that no right of offset, defense, counterclaim, claim, causes of action or objection in favor of Borrower against Collateral Agent or any Lender or any of their respective affiliates, and all of their past, present and future officers, directors, employees, agents, attorneys, representatives, successors and assigns, exists arising out of or with respect to any of the Loan Documents, the related guaranties, agreements, documents and instruments, the obligations of Borrower thereunder, or with respect to the administration or funding of any advances under the Loan Documents; and (b) releases, acquits, remises and forever discharges Collateral Agent and each Lender and their respective affiliates, and all of their past, present and future officers, directors, employees, agents, attorneys, representatives, successors and assigns from any and all claims, demands, actions and causes of action, whether at law or in equity, whether now accrued or hereafter maturing, and whether known or unknown, which Borrower now has or hereafter may have by reason of any manner, cause or things to and including the date of this letter agreement with respect to the matters arising out of or with respect to the Loan Documents or the obligations of Borrower thereunder.  The Borrower, Lenders and Collateral Agent agree that  the foregoing release shall not release any of their rights arising under or related to this letter agreement.  Borrower hereby waives the provisions of California Civil Code Section 1542 (and any similar provision under the laws of any state), which states:

A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS THAT THE CREDITOR OR RELEASING PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE AND THAT, IF KNOWN BY HIM OR HER, WOULD HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR OR RELEASED PARTY.

Borrower recognizes that no facts or representations are ever absolutely certain and it may hereafter discover facts in addition to or different from those which it presently knows or believes to be true, but that it is the intention of Borrower hereby to fully, finally and forever settle and release all matters, disputes and differences, known or unknown, suspected or unsuspected; accordingly, if Borrower should subsequently discover that any fact that it relied upon in entering into this release was untrue, or that any understanding of the facts was incorrect, Borrower shall not be entitled to set aside this release by reason thereof, regardless of any claim of mistake of fact or law or any other circumstances whatsoever.  Borrower acknowledges that it is not relying upon and has not relied upon any representation or statement made by Collateral Agent or any Lender with respect to the facts underlying this release or with regard to any of such party’s rights or asserted rights.

This release may be pleaded as a full and complete defense and/or as a cross-complaint or counterclaim against any action, suit, or other proceeding that may be instituted, prosecuted or attempted in breach of this release.  Borrower represents and warrants that it is the sole and lawful owner of all right, title and interest in and to every claim and every other matter which it releases herein, and that it has not heretofore assigned or transferred, or purported to assign or transfer, to any person, firm or entity any claims or other matters herein released.  Borrower shall indemnify Collateral Agent and Lenders, defend and hold each harmless from and against all claims based upon or arising in connection with prior assignments or purported assignments or transfers of any claims or matters released herein.

This letter agreement may be executed by any of the parties hereto on separate counterparts, and all of such counterparts taken together shall be deemed to constitute one and the same instrument.  Delivery of an executed signature page of this letter agreement by facsimile or other electronic transmission shall be effective as delivery of a manually executed original counterpart hereof.

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This letter agreement shall be governed by the laws of the California and shall become effective only when signed by the Collateral Agent and Lenders and accepted by Borrower by its due execution in the space provided below.

						
	Very truly yours,

OXFORD FINANCE LLC, as Collateral Agent and Lender

By: /s/ Colette Featherly
Name: Colette Featherly
Title: Senior Vice President

	

Agreed and acknowledged by:

Evolus, Inc., as Borrower

By:       /s/ Lauren Silvernail                
Name:  Lauren Silvernal                      
Title:    Chief Financial Officer and EVP, Corporate Development

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