Document:

Exhibit 10.42

 

VOTING-IN-CONCERT AGREEMENT

 

This Voting-in-Concert Agreement is executed
by the following parties:

 

Party A: JIN, Yimin

 

	Address:	No 119 South Zhaojuesi Road
	 	2nd Floor, Room 1
	 	Chenghua District, Chengdu, Sichuan, China 610047
	 	 
	Party B: XU, Wei
	 
	Address:	No 119 South Zhaojuesi Road
	 	2nd Floor, Room 1
	 	Chenghua District, Chengdu, Sichuan, China 610047

 

(collectively,
the “Parties” and each a “Party”)

 

WHEREAS:

 

Parties A and B jointly
hold 8,274,889 ordinary shares, par value $0.0001 per share of Code Chain New Continent Limited (including its predecessors, hereinafter
referred to as the “Company”).

 

NOW THEREFORE,
in order to maximize the profits for the Parties, and to maintain the control of the Parties over a certain proportion of the voting rights
and shareholdings of the Company, the Parties agree unanimously to the following arrangements:

 

1. During the term of
this agreement, the Parties shall be deemed as actors in concert, and shall act in concert in relation to all matters that require the
decisions of the shareholders of the Company, including but not limited to voting unanimously to approve, reject, or to abstain from voting
in relation to motions that need to be resolved at shareholders meetings, and to jointly sign all necessary documents.

 

2. Before the Parties
act in concert, they shall vote on the matters that require action in concert, and joint action shall be taken based on the results of
the voting. Each of the Parties agree and confirm that, if the Parties are unable to reach a unanimous consent in relation to the matters
that require action in concert, a decision that is made by a total of more than 50% of voting rights of the Parties shall be deemed as
a decision that is unanimously passed by the Parties and shall be binding on all the Parties. Each of the Parties shall act in concert
with other Parties based on the contents of the aforesaid decision.

 

3. The Parties may, prior
to the convening of a Company shareholder meeting, appoint Yimin Jin as a proxy, and issue an authorization letter to such a proxy to
authorize the proxy to exercise voting rights on behalf of the Parties at the Company shareholder meeting based on the contents of the
unanimous decision that has been reached.

 

4. This agreement shall
come into force from the date that the Parties sign the agreement, and the agreement shall remain effective for a period of one year.

 

5. During the effective
period of this agreement, if any of the Parties transfers its shares of the Company, as a prerequisite, unless waived in writing by all
of other Parties, it shall ensure that the transferee is bound by the provisions of this agreement, and the transferee upon receiving
the transfer of the shares shall be deemed as having agreed to the provisions of this agreement and having agreed to be bound by the provisions
of this agreement.

 

6. This agreement shall
be governed by the legal jurisdiction of the State of Nevada and shall be interpreted in accordance with the laws of the State of Nevada.

 

7. This agreement is executed by the Parties
on the July 26, 2021.

 

	Party A:	 
	 	 
	/s/ Jin, Yimin	 
	Jin, Yimin (holding 4,334,705 shares, or 11.28% of total outstanding)

 

	Party B:	 
	 	 
	/s/ Xu, Wei	 
	Xu, Wei (holding 3,940,184, or 10.25% of total outstanding)EXHIBIT 4.1

 

EXECUTION COPY

 

AMENDMENT NO. 9 to
the Existing Credit Agreement (as defined below), dated as of March 31, 2022 (this “Amendment”), among REVLON
CONSUMER PRODUCTS CORPORATION, a Delaware corporation (the “Borrower”), REVLON, INC., a Delaware corporation
(“Holdings”), the other Loan Parties, the SISO Term Lenders party hereto, the Revolving Lenders party hereto,
and MIDCAP FUNDING IV TRUST, as Primary Administrative Agent (in such capacity, the “Administrative Agent”)
and Collateral Agent (in such capacity, the “Collateral Agent”, and together with the Administrative Agent,
“MidCap” or the “Agent”).

WHEREAS, the Borrower, the
Local Borrowing Subsidiaries from time to time party thereto, Holdings, the Lenders from time to time party thereto and the Agent have
entered into that certain Asset-Based Revolving Credit Agreement dated as of September 7, 2016 (as amended and restated by that certain
Amendment No. 1, dated as of April 17, 2018, as further amended and restated by that certain Amendment No. 2, dated as of March 6, 2019,
as further amended and restated by that certain Amendment No. 3, dated as of April 17, 2020, as further amended and restated by that certain
Amendment No. 4, dated as of May 7, 2020, as further amended and restated by that certain Amendment No. 5, dated as of October 23, 2020,
as further amended by that certain Limited Waiver to Credit Agreement, dated as of November 27, 2020, as further amended by that certain
Second Limited Waiver to Credit Agreement, dated as of December 11, 2020, as further amended and restated by that certain Amendment No.
6, dated as of December 21, 2020, as further amended and restated by that certain Amendment No. 7, dated as of March 8, 2021, as further
amended and restated by that certain Amendment No. 8, dated as of May 7, 2021, and as further amended, restated, amended and restated,
waived, supplemented or otherwise modified prior to the date hereof, the “Existing Credit Agreement” and the
Existing Credit Agreement as amended hereby, the “Amended Credit Agreement”);

WHEREAS, the Borrower has
requested certain amendments to the Existing Credit Agreement, including, without limitation, modifications to the definition of “Tranche
A Borrowing Base” during the Accommodation Period, and the Revolving Lenders and the SISO Term Lenders party hereto (which constitute
the Supermajority Lenders, the Supermajority Tranche A Revolving Lenders and the Supermajority SISO Term Lenders under the Amended Credit
Agreement) have approved and consented to such amendments, subject to the terms and conditions as set forth in this Amendment;

WHEREAS, concurrently with
the execution and delivery of this Amendment, the Borrower, the Revolving Lenders, the SISO Term Lenders, and the Administrative Agent
will enter into Amendment No. 1 to the Agreement Among Lenders (the “AAL Amendment”);

NOW, THEREFORE, in consideration
of the premises contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties hereto, intending to be legally bound hereby, agree as follows:

Section 1.              
Interpretation.

For purposes of this Amendment,
all terms used herein which are not otherwise defined herein, including but not limited to those terms used in the recitals hereto, shall
have the respective meanings assigned thereto in the Amended Credit Agreement.

    	 	 	 

     

    

Section 2.              
Amendment to the Existing Credit Agreement. 

On the terms and subject
to the satisfaction (or waiver) of the conditions set forth in Section 4 hereof, the Existing Credit Agreement is, effective as of the
Amendment No. 9 Effective Date, hereby amended to delete the stricken text (indicated textually in the same manner as the following sample:
stricken text) and to add the underlined text (indicated textually in the same manner
as the following example: double underlined text), in each case,
as set forth in the Amended Credit Agreement attached as Annex A hereto.

Section 3.              
Representations and Warranties.

In order to induce the
Lenders party hereto to enter into this Amendment, Holdings and each Loan Party represents and warrants to each of the Lenders that as
of the Amendment No. 9 Effective Date:

(a)              
Holdings and each Loan Party has the corporate or other organizational power and authority to execute
and deliver this Amendment, and to perform its obligations under this Amendment, the Amended Credit Agreement and the other Loan Documents
to which it is a party, including, in the case of the Borrower, the power and authority to borrow under the Amended Credit Agreement,
and Holdings and each Loan Party has taken all necessary corporate or other action to authorize the execution and delivery of this Amendment,
and performance of its obligations under, this Amendment, the Amended Credit Agreement and the other Loan Documents to which it is a party,
including, in the case of the Borrower, the authorization of borrowings under the Amended Credit Agreement;

(b)              
the execution and delivery of this Amendment and the performance of this Amendment and the Amended
Credit Agreement by Holdings and each Loan Party (i) will not violate the organizational or governing documents of Holdings and each Loan
Party, (ii) will not violate any Requirement of Law or Contractual Obligation binding on Holdings, the Borrower or any of its Restricted
Subsidiaries in any respect that would reasonably be expected to have a Material Adverse Effect, (iii) will not violate the terms governing
the 2024 Notes, the Term Loan Documents or the Brandco Credit Agreement and (iv) will not result in, or require, the creation or imposition
of any Lien (other than Permitted Liens) on any of the respective properties or revenues of the Loan Parties pursuant to any such Requirement
of Law or Contractual Obligation;

(c)              
this Amendment has been duly executed and delivered by Holdings and each Loan Party and this Amendment
constitutes a legal, valid and binding obligation of Holdings and each Loan Party, enforceable against Holdings and each Loan Party in
accordance with its terms, except as enforceability may be limited by applicable domestic or foreign 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) and the implied covenants of good faith and fair dealing;

(d)              
(i) both before and after giving effect to this Amendment, no Default or Event of Default exists
and is continuing and (ii) all representations and warranties contained in the Existing Credit Agreement and in the other Loan Documents
are true and correct in all material respects (or if qualified by materiality, in all respects) on and as of the date hereof, except to
the 

    	 	2	 

     

    

extent that such representations and warranties specifically refer to an earlier date, in which case they were true and correct in
all material respects (or if qualified by materiality, in all respects) as of such earlier date; and

(e)              
the BrandCo License Agreements are in full force and effect and have not been amended, modified,
revoked or repealed since the Amendment No. 8 Effective Date and no Loan Party and no BrandCo Entity is in default in any material respect
in the performance, observance or fulfillment of any of its obligations, covenants or conditions contained in any such BrandCo License
Agreement.

Section 4.              
Effectiveness.

(a)              
This Amendment shall become effective on the date (such date, the “Amendment No. 9 Effective
Date”) that each of the following conditions have been satisfied pursuant to the terms hereof:

(i)                
Signature Pages. The Administrative Agent shall have received executed signature pages to
this Amendment from Lenders constituting the Supermajority SISO Term Lenders, the Supermajority Tranche A Revolving Lenders and the Supermajority
Lenders, the Agent, Holdings, the Borrower and each other Loan Party.

(ii)             
[Reserved]

(iii)           
Officer’s Certificate. The Administrative Agent shall have received a certificate from
the Borrower, dated the Amendment No. 9 Effective Date, substantially in the form of Exhibit C to the Existing Credit Agreement,
mutatis mutandis.

(iv)            
Corporate Proceedings of Holdings and the Loan Parties. The Administrative Agent shall have
received a copy of the resolutions or equivalent action, in form and substance reasonably satisfactory to the Administrative Agent, of
the Board of Directors of Holdings and each Loan Party authorizing, as applicable, the execution and delivery of this Amendment and the
performance of this Amendment and the Amended Credit Agreement, certified by a Responsible Officer, the Secretary, an Assistant Secretary
or another authorized representative of Holdings and each Loan Party as of the Amendment No. 9 Effective Date, which certificate shall
state that the resolutions or other action thereby certified have not been amended, modified (except as any later such resolution or other
action may modify any earlier such resolution or other action), revoked or rescinded and are in full force and effect.

(v)              
Governing Documents. The Administrative Agent shall have received copies of the certificate
or articles of incorporation and by-laws (or other similar governing documents serving the purposes) of Holdings and each Loan Party,
certified as of the Amendment No. 9 Effective Date as complete and correct copies thereof by a Responsible Officer, the Secretary, an
Assistant Secretary or another authorized representative of Holdings and each Loan Party; provided that Holdings or the
applicable Loan Party shall not be required to deliver any such copies to the extent the same have not been amended or otherwise modified
since March 8, 2021 as certified by an authorized representative of the Borrower.

    	 	3	 

     

    

(vi)            
Solvency. The Administrative Agent shall have received a solvency certificate signed by the
chief financial officer on behalf of the Borrower, substantially in the form of Exhibit G to the Existing Credit Agreement,
after giving effect to the Amendment and the transactions contemplated hereby.

(vii)         
Fees. The Borrower shall have paid the fees payable pursuant to the respective fee letters
entered into by the Borrower and the Agent or the SISO Term Loan Agent, as the case may be, executed in connection with this Amendment
that identifies itself as a fee letter pursuant to this Amendment (each, an “Amendment Fee Letter”).

(viii)       
FTI Consulting. The Borrower shall have engaged, at the Borrower’s sole cost and expense
in an amount not to exceed $100,000, FTI Consulting with a scope of engagement as set forth in the statement of work provided to the Tranche
A Revolving Lenders and SISO Term Lenders prior to the Amendment No. 9 Effective Date. 

(ix)            
Expenses. The Borrower shall have paid or caused to be paid all reasonable and documented
out-of-pocket fees and expenses of Proskauer Rose LLP, as counsel to the Administrative Agent and the Tranche A Revolving Lenders, and
Morgan, Lewis & Bockius LLP, as counsel to the SISO Term Lenders, in each case incurred in connection with the development, preparation,
execution, and delivery of this Amendment and the AAL Amendment and invoiced at least one (1) Business Day prior to the Amendment No.
9 Effective Date.

(x)              
Patriot Act. The Administrative Agent, the SISO Term Lenders and the Revolving Lenders shall
have received at least two days prior to the Amendment No. 9 Effective Date (as determined disregarding the satisfaction of the condition
in this clause (xii)) all documentation and other information requested by the Administrative Agent, the SISO Term Lenders or the Revolving
Lenders no less than five days prior to the Amendment No. 9 Effective Date (as determined disregarding the satisfaction of the condition
in this clause (xii)) that the Administrative Agent, the SISO Term Lenders or the Revolving Lenders reasonably determine is required by
regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the
USA Patriot Act and 31 C.F.R. § 1010.230 (the “Beneficial Ownership Regulation”).

(xi)            
Borrowing Base Certificate. The Borrower shall have delivered to the Administrative Agent
an updated Borrowing Base Certificate calculated as of February 28, 2022 with adjustments to reflect the changes to the definition of
Tranche A Borrowing Base (and the component definitions thereof) after giving effect to this Amendment.

(xii)         
Amendment No. 1 to Amended and Restated Agreement among Lenders. The Administrative Agent
shall have received the AAL Amendment, executed and delivered by a duly authorized representative of each party thereto, and such AAL
Amendment shall be in full force and effect on the Amendment No. 9 Effective Date and in form reasonably acceptable to the Borrower and
the Administrative Agent. 

    	 	4	 

     

    

(b)              
The Administrative Agent shall promptly notify the Borrower and applicable Lenders in writing when
the Amendment No. 9 Effective Date has occurred. For purposes of determining compliance with the conditions specified in this Section
4, each of the SISO Term Lenders, and Revolving Lenders that has signed this Amendment shall be deemed to have consented to, approved
or accepted or to be satisfied with, each document or other matter required hereunder to be consented to or approved by or acceptable
or satisfactory to a Lender. 

Section 5.              
Counterparts.

This Amendment may be executed
in any number of counterparts and by different parties hereto on separate counterparts, each of which when so executed and delivered shall
be deemed to be an original, but all of which when taken together shall constitute a single instrument. Delivery of an executed counterpart
of a signature page of this Amendment by facsimile or any other electronic transmission shall be effective as delivery of a manually executed
counterpart hereof and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective
for all purposes to the fullest extent permitted by applicable law.

Section 6.              
Applicable Law.

THIS AMENDMENT AND THE
RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS TO THE EXTENT THAT THE SAME ARE NOT MANDATORILY 

APPLICABLE BY STATUTE
AND THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

Section 7.              
Headings.

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

Section 8.              
Effect of Amendment.

(a)              
On the Amendment No. 9 Effective Date, the Existing Credit Agreement shall be amended in accordance
with this Amendment. For the avoidance of doubt, any certificate or other document the form of which is set out in any exhibit attached
to the Existing Credit Agreement or any other Loan Document may be revised, as applicable, to refer to the Amended Credit Agreement and
to give effect to this Amendment.

(b)              
Each of Holdings and the Loan Parties party hereto (the “Reaffirming Parties”)
acknowledges receipt of a copy of this Amendment, and (i) hereby consents to the amendments to the Existing Credit Agreement, (ii) hereby
confirms and reaffirms its respective guarantees, pledges, grants of security interests and other obligations, as applicable, under and
subject to the terms of each of the Security Documents (each, as defined in the Amended Credit Agreement and as of the date hereof after
giving effect to this Amendment) (collectively, the “Reaffirmed Documents”) to which it is party, (iii) agrees
that, notwithstanding the effectiveness

    	 	5	 

     

    

 of this Amendment, or, in each case, any of the transactions contemplated thereby, such guarantees,
pledges, grants of security interests and other obligations, and the terms of each of the Reaffirmed Documents to which it is a party
and the security interests created thereby, are not impaired or adversely affected in any manner whatsoever and shall continue to be in
full force and effect and shall continue to secure all the Obligations (as defined in the Existing Credit Agreement), as amended, increased
and/or extended pursuant to this Amendment and (iv) this Amendment shall not evidence or result in a novation of such Obligations or the
Reaffirmed Documents. Furthermore, Revlon International Corporation (UK Branch) and Elizabeth Arden (UK) Ltd hereby confirm that the transactions
contemplated by this Amendment are within the purview of the Existing Credit Agreement and there shall be no grant of new security interest
under the Security Documents governed by English law pursuant to this Amendment. In furtherance of the foregoing, each Reaffirming Party
(except for Revlon International Corporation (UK Branch) and Elizabeth Arden (UK) Ltd) does hereby grant to the Administrative Agent a
security interest in all Collateral described in any Reaffirmed Document as security for the obligations set out in such Reaffirmed Document,
as amended, increased and/or extended pursuant to this Amendment, subject in each case to any applicable limitations set forth in any
such Reaffirmed Document.

(c)              
Effective on the date hereof, each Loan Party hereby acknowledges that: (i) it has no defenses, claims
or set-offs to the enforcement by the Agent or any Lender in their respective capacities as such of the Loan Parties’ liabilities,
obligations and agreements on the date hereof, (ii) to its knowledge, the Agent and each Lender in their respective capacities as such
have fully performed all undertakings and obligations owed to it as of the date hereof and (c) except to the limited extent expressly
set forth in this Amendment, neither the Agent nor any Lender in their respective capacities as such waives, diminishes or limits any
term or condition contained in the Existing Credit Agreement or any of the other Loan Documents. Each Loan Party hereby remises, releases,
acquits, satisfies and forever discharges the Agent and each Lender in their respective capacities as such, and each of their respective
agents, employees, officers, directors, attorneys and all others acting or purporting to act on behalf of or at the direction of the Agent
or any Lender, in each case, in their respective capacities as such (collectively, “Releasees”), of and from
any and all manner of actions, causes of action, suit, debts, accounts, covenants, contracts, controversies, agreements, variances, damages,
judgments, claims and demands whatsoever, known or unknown, in law or in equity, which any of such parties ever had, now has or, solely
to the extent arising from or in connection with any act, omission or state of facts taken or existing on or prior to the Amendment No.
9 Effective Date, may have after the Amendment No. 9 Effective Date against the Releasees, in each case, arising out of or otherwise in
connection with any or all of the Loan Documents or the transactions contemplated thereby, other than any such claims arising from gross
negligence or willful misconduct of such Releasee or its affiliates as determined by a final judgment of a court of competent jurisdiction;
provided that nothing contained herein shall release any Releasee from its obligations and agreements specifically set forth
in this Amendment and the other Loan Documents.

(d)              
On and after the Amendment No. 9 Effective Date, this Amendment and each Amendment Fee Letter shall
for all purposes constitute a Loan Document.

    	 	6	 

     

    

Section 9.              
Electronic Execution of Documents.

The words “execution,”
“execute”, “signed,” “signature,” and words of like import in or related to this Amendment or any
document to be signed in connection with this Amendment and the transactions contemplated hereby (including without limitation assignment
and assumptions, amendments or other borrowing requests, waivers and consents) shall be deemed to include electronic signatures, the electronic
matching of assignment terms and contract formations on electronic platforms approved by the Administrative Agent, or the keeping of records
in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the
use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the
Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other
similar state laws based on the Uniform Electronic Transactions Act. Each of the parties represents and warrants to the other parties
that it has the corporate capacity and authority to execute this Amendment through electronic means and there are no restrictions for
doing so in that party’s constitutive documents.

[Remainder of Page Intentionally
Left Blank]

    	 	7	 

     

    

IN WITNESS WHEREOF, the
parties hereto have caused this Amendment to be duly executed by their respective authorized officers as of the day and year first above
written.

	 	REVLON CONSUMER PRODUCTS CORPORATION, as Borrower	 
	 	 	 	 
	 	By:	/s/ Victoria Dolan	 
	 	 	Name: Victoria Dolan	 
	 	 	Title: Chief Financial Officer	 
	 	 	 	 
	 	REVLON, INC., as Holdings	 
	 	 	 	 
	 	By:	/s/ Victoria Dolan	 
	 	 	Name: Victoria Dolan	 
	 	 	Title: Chief Financial Officer	 

 

 

 

    	[Signature Page to Amendment No. 9]

     

    

 

	 	
    ALMAY, INC.

    ART & SCIENCE, LTD.

    BARI COSMETICS, LTD.

    BEAUTYGE BRANDS USA, INC.

    BEAUTYGE U.S.A., INC.

    CHARLES REVSON INC.

    CREATIVE NAIL DESIGN, INC.

    CUTEX, INC.

    DF ENTERPRISES, INC.

    ELIZABETH ARDEN (CANADA) LIMITED

    ELIZABETH ARDEN (FINANCING), INC.

    ELIZABETH ARDEN (UK) LTD

    ELIZABETH ARDEN INTERNATIONAL HOLDING, INC.

    ELIZABETH ARDEN INVESTMENTS, LLC

    ELIZABETH ARDEN NM, LLC

    ELIZABETH ARDEN TRAVEL RETAIL, INC.

    ELIZABETH ARDEN USC, LLC

    ELIZABETH ARDEN, INC.

    FD MANAGEMENT, INC.

    NORTH AMERICA REVSALE INC.

    OPP PRODUCTS, INC.

    RDEN MANAGEMENT, INC.

    REALISTIC ROUX PROFESSIONAL

    PRODUCTS INC.

    REVLON CANADA, INC.

    REVLON DEVELOPMENT CORP.

    REVLON GOVERNMENT SALES, INC.

    REVLON INTERNATIONAL CORPORATION

    REVLON PROFESSIONAL HOLDING COMPANY LLC

    RIROS CORPORATION

    RIROS GROUP INC.

    ROUX LABORATORIES, INC.

    ROUX PROPERTIES JACKSONVILLE, LLC

    SINFULCOLORS INC.
	 
	 	 	 	 
	 	By:	/s/ Victoria Dolan	 
	 	 	Name: Victoria Dolan	 
	 	 	Title: Chief Financial Officer	 

 

    	[Signature Page to Amendment No. 9]

     

    

 

	 	MIDCAP FUNDING IV TRUST, as Agent 	 
	 	 	 	 
	 	By:	Apollo Capital Management, L.P., its investment manager	 
	 	 	 	 
	 	By:	Apollo Capital Management GP, LLC, its General Partner	 
	 	 	 	 
	 	By:	/s/ Maurice Amsellem	 
	 	 	Name:  Maurice Amsellem	 
	 	 	Title: Authorized Signatory	 

 

 

 

    	[Signature Page to Amendment No. 9]

     

    

	 	MIDCAP FINANCIAL TRUST, as a Revolving Lender 	 
	 	 	 	 
	 	By:	Apollo Capital Management, L.P., its investment manager	 
	 	 	 	 
	 	By:	Apollo Capital Management GP, LLC, its General Partner	 
	 	 	 	 
	 	By:	/s/ Maurice Amsellem	 
	 	 	Name:  Maurice Amsellem	 
	 	 	Title: Authorized Signatory	 
	 	 	 	 
	 	MIDCAP FUNDING IV TRUST, as a Revolving Lender 	 
	 	 	 	 
	 	By:	Apollo Capital Management, L.P., its investment manager	 
	 	 	 	 
	 	By:	Apollo Capital Management GP, LLC, its General Partner	 
	 	 	 	 
	 	By:	/s/ Maurice Amsellem	 
	 	 	Name:  Maurice Amsellem	 
	 	 	Title: Authorized Signatory	 

 

 

    	[Signature Page to Amendment No. 9]

     

    

	 	ATHORA LUX INVEST S.C.Sp., a reserved alternative investment fund in the form of a Luxembourg special limited partnership (société en commandite spéciale), acting in respect of its compartment, Athora Lux Invest – Loan Origination, acting through its managing general partner Athora Lux Invest Management and represented by its delegate portfolio manager, Apollo Management International LLP, as a Revolving Lender	 
	 	 	 	 
	 	By:	Apollo Management International LLP, its Portfolio Manager	 
	 	 	 	 
	 	By:	AMI (Holdings), LLC, its Member	 
	 	 	 	 
	 	By:	/s/ Joseph D. Glatt	 
	 	 	Name:  Joseph D. Glatt	 
	 	 	Title: Vice President	 
	 	 	 	 
	 	APOLLO LINCOLN FIXED INCOME FUND, L.P., as a Revolving Lender 	 
	 	 	 	 
	 	By:	Apollo Lincoln Fixed Income Management, LLC, its investment manager	 
	 	 	 	 
	 	By:	/s/ Joseph D. Glatt	 
	 	 	Name:  Joseph Glatt	 
	 	 	Title: Vice President	 
	 	 	 	 
	 	APOLLO CENTRE STREET PARTNERSHIP, L.P., as a Revolving Lender 	 
	 	 	 	 
	 	By:	Apollo Centre Street Management, LLC, its investment manager	 
	 	 	 	 
	 	By:	/s/ Joseph D. Glatt	 
	 	 	Name:  Joseph Glatt	 
	 	 	Title: Vice President	 

 

 

    	[Signature Page to Amendment No. 9]

     

    

	 	CIBC BANK USA, as a Revolving Lender	 
	 	 	 	 
	 	By:	/s/ Susan Hamilton Lanz	 
	 	 	Name:  Susan Hamilton Lanz	 
	 	 	Title: Managing Director	 

 

    	[Signature Page to Amendment No. 9]

     

    

 

	 	Crystal Financial SPV LLC, as a SISO Term Lender	 
	 	 	 	 
	 	By:	/s/ Mirko Andric	 
	 	 	Name: Mirko Andric 	 
	 	 	Title: Senior Managing Director	 

 

    	[Signature Page to Amendment No. 9]

     

    

 

	 	SCP Private Credit Income Fund spv llc, as a SISO Term Lender	 
	 	 	 	 
	 	By:	/s/ Cedric Henley	 
	 	 	Name: Cedric Henley 	 
	 	 	Title: Authorized Signatory	 
	 	 	 	 
	 	SCP Private Credit Income BDC spv LLC, as a SISO Term Lender	 
	 	 	 	 
	 	By:	/s/ Cedric Henley	 
	 	 	Name: Cedric Henley 	 
	 	 	Title: Authorized Signatory	 
	 	 	 	 
	 	SCP SF Debt Fund L.P., as a SISO Term Lender	 
	 	 	 	 
	 	By:	/s/ Cedric Henley	 
	 	 	Name: Cedric Henley 	 
	 	 	Title: Authorized Signatory	 

 

    	[Signature Page to Amendment No. 9]

     

    

 

	 	SCP Private Corporate Lending Fund SPV LLC, as a SISO Term Lender	 
	 	 	 	 
	 	By:	/s/ Richard Peteka	 
	 	 	Name: Richard Peteka  	 
	 	 	Title: CFO	 
	 	 	 	 
	 	SCP cayman debt master fund spv llc, as a SISO Term Lender	 
	 	 	 	 
	 	By:	/s/ Richard Peteka	 
	 	 	Name: Richard Peteka  	 
	 	 	Title: CFO	 
	 	 	 	 
	 	Callodine Commercial Finance SPV, LLC, as a SISO Term Lender	 
	 	 	 	 
	 	By:	/s/ Michael Watson	 
	 	 	Name: Michael Watson 	 
	 	 	Title: Principal 	 

 

    	[Signature Page to Amendment No. 9]

     

    

 

	 	First Eagle Alternative Capital BDC, Inc., as a SISO Term Lender	 
	 	 	 	 
	 	By:	/s/ Michelle Handy	 
	 	 	Name: Michelle Handy 	 
	 	 	Title: Managing Director	 
	 	 	 	 
	 	First Eagle Direct Lending Fund IV, LLC, as a SISO Term Lender	 
	 	 	 	 
	 	By:	First Eagle Alternative Credit, LLC, its Manager	 
	 	 	 	 
	 	By:	/s/ Michelle Handy	 
	 	 	Name: Michelle Handy 	 
	 	 	Title: Managing Director	 
	 	 	 	 
	 	First Eagle Direct Lending Fund IV Co-Invest, LLC, as a SISO Term Lender	 
	 	 	 	 
	 	By:	First Eagle Alternative Credit, LLC, its Manager	 
	 	 	 	 
	 	By:	/s/ Michelle Handy	 
	 	 	Name: Michelle Handy 	 
	 	 	Title: Managing Director	 
	 	 	 	 
	 	First Eagle Direct Lending Levered Fund IV SPV, LLC, as a SISO Term Lender	 
	 	 	 	 
	 	By:	First Eagle Direct Lending Levered Fund IV, LLC, its Manager	 
	 	 	 	 
	 	By:	/s/ Michelle Handy	 
	 	 	Name: Michelle Handy 	 
	 	 	Title: Managing Director	 
	 	 	 	 
	 	First Eagle Direct Lending V-A, LLC, as a SISO Term Lender	 
	 	 	 	 
	 	By:	First Eagle Alternative Credit, LLC, its Manager	 
	 	 	 	 
	 	By:	/s/ Michelle Handy	 
	 	 	Name: Michelle Handy 	 
	 	 	Title: Managing Director	 
	 	 	 	 
	 	First Eagle Direct Lending V-B, LLC, as a SISO Term Lender	 
	 	 	 	 
	 	By:	First Eagle Alternative Credit, LLC, its Manager	 
	 	 	 	 
	 	By:	/s/ Michelle Handy	 
	 	 	Name: Michelle Handy 	 
	 	 	Title: Managing Director	 
	 	 	 
	 	First Eagle Direct Lending V-B spv, LLC, as a SISO Term Lender	 
	 	 	 	 
	 	By:	First Eagle Direct Lending V-B, LLC, its designated manager	 
	 	 	 	 
	 	By:	First Eagle Alternative Credit, LLC, its Manager	 
	 	 	 	 
	 	By:	/s/ Michelle Handy	 
	 	 	Name: Michelle Handy 	 
	 	 	Title: Managing Director	 

 

    	[Signature Page to Amendment No. 9]

     

    

 

	 	First Eagle Direct Lending V-C, SCSP, as a SISO Term Lender	 
	 	 	 	 
	 	By:	First Eagle Alternative Credit, LLC, its Portfolio Manager	 
	 	 	 	 
	 	By:	/s/ Michelle Handy	 
	 	 	Name: Michelle Handy 	 
	 	 	Title: Managing Director	 
	 	 	 	 
	 	First Eagle Credit Opportunities Fund, as a SISO Term Lender	 
	 	 	 	 
	 	By:	First Eagle Alternative Credit, LLC, its Sub-Adviser	 
	 	 	 	 
	 	By:	/s/ Michelle Handy	 
	 	 	Name: Michelle Handy 	 
	 	 	Title: Managing Director	 

 

 

    	[Signature Page to Amendment No. 9]

     

    

ANNEX A

Amended Credit Agreement

[See Attached.]

 

    	 	 

     

    

 

Execution Version¶Annex
A

 

ASSET-BASED REVOLVING CREDIT AGREEMENT

among

REVLON CONSUMER PRODUCTS CORPORATION,

CERTAIN LOCAL BORROWING SUBSIDIARIES,

as Borrowers

and

REVLON, INC.,

as Holdings,

THE LENDERS and ISSUING LENDERS PARTY HERETO

MIDCAP FUNDING IV TRUST,

as Administrative Agent and Collateral Agent, and

ALTER DOMUS (US) LLC, as Tranche B Administrative
Agent

Dated as of September 7, 2016,

as amended and restated as of April 17, 2018,
as further amended as of March 6, 2019, as further amended and restated as of April 17, 2020, as further amended and restated as of May
7, 2020, as further amended and restated as of October 23, 2020, as further amended and restated as of December 21, 2020, as further
amended and restated as of March 8, 2021 and2021,
as further amended and restated as of May 7, 20212021,
and as further amended and restated as of March 31, 2022

CITIGROUP GLOBAL MARKETS INC.

 

as Lead Arranger,

 

 

and

 

 

CRYSTAL FINANCIAL LLC d/b/a SLR CREDIT SOLUTIONS,

as SISO Term Loan Agent

     

     

    

 TABLE OF CONTENTS

 

 

	 	Page
	 	 
	Section I. DEFINITIONS 	1
	 	 
	1.1	Defined Terms	1
	1.2	Other Definitional Provisions.	7778
	1.3	Pro Forma Calculations	7980
	1.4	Exchange Rates; Currency Equivalents	80
	1.5	Letter of Credit and Acceptance Amounts	81
	1.6	Covenants	81
	 	 	 
	Section II. AMOUNT AND TERMS OF COMMITMENTS 	82
	 	 
	2.1	[reserved].	82
	2.2	[reserved].	82
	2.3	[reserved].	82
	2.4	Revolving Commitments and Term Loans.	82
	2.5	Procedure for Borrowing.	85
	2.6	Swingline Loans.	87
	2.7	Defaulting Lenders.	89
	2.8	Repayment of Loans.	90
	2.9	Commitment Fees, etc.	9293
	2.10	Termination or Reduction of Commitments.	9394
	2.11	Optional Prepayments.	9495
	2.12	Mandatory Prepayments.	96
	2.13	Conversion and Continuation Options.	98
	2.14	Minimum Amounts and Maximum Number of Eurocurrency Tranches.	100
	2.15	Interest Rates and Payment Dates.	100101
	2.16	Computation of Interest and Fees.	102103
	2.17	Benchmark Replacement Setting; Inability to Determine Interest Rate.	103
	2.18	Pro Rata Treatment and Payments	107
	2.19	Requirements of Law.	109110
	2.20	Taxes.	111
	2.21	Indemnity	114
	2.22	Illegality.	114
	2.23	Change of Lending Office	115
	2.24	Replacement of Lenders	115
	2.25	[Reserved].	117
	2.26	Extension of Revolving Commitments.	117
	2.27	Designation of Additional Permitted Foreign Currencies.	120
	2.28	Re-Allocation of Currency Sublimits.	121
	2.29	Resignation or Removal of a Local Fronting Lender.	122
	2.30	Local Fronting Lender Reports	123
	2.31	Bankers’ Acceptances.	123124
	2.32	Currency Conversion and Contingent Funding Agreement.	125
	2.33	Protective Advances.	127
	2.34	MIRE Events.	127
	 	 	 
	Section III. LETTERS OF CREDIT 	128

 

    	 	 i	 

     

    

 

	3.1	L/C Commitment.	128
	3.2	Procedure for Issuance of Letter of Credit	128129
	3.3	Fees and Other Charges.	129
	3.4	L/C Participations.	129130
	3.5	Reimbursement Obligation of the Borrower	131
	3.6	Obligations Absolute	131
	3.7	Role of the Issuing Lender	132133
	3.8	Letter of Credit Payments	133134
	3.9	Applications	134
	3.10	Applicability of ISP and UCP	134
	3.11	Designation of Issuing Lender	134
	 	 	 
	Section IV. REPRESENTATIONS AND WARRANTIES	134135
	 	 	 
	4.1	Financial Condition.	134135
	4.2	No Change	135
	4.3	Existence; Compliance with Law	135
	4.4	Corporate Power; Authorization; Enforceable Obligations.	135136
	4.5	No Legal Bar	136
	4.6	No Material Litigation	136137
	4.7	No Default	136137
	4.8	Ownership of Property; Liens	137
	4.9	Intellectual Property	137
	4.10	Taxes	137
	4.11	Federal Regulations	137138
	4.12	ERISA.	137138
	4.13	Investment Company Act.	138
	4.14	Subsidiaries.	138
	4.15	Environmental Matters.	138
	4.16	Accuracy of Information, etc	138139
	4.17	Security Documents.	139
	4.18	Solvency.	140
	4.19	Anti-Terrorism	140
	4.20	Use of Proceeds	140
	4.21	Labor Matters	140
	4.22	Senior Indebtedness	140141
	4.23	OFAC	140141
	4.24	Anti-Corruption Compliance	141
	4.25	Borrowing Base Certificate	141
	 	 	 
	Section V. CONDITIONS PRECEDENT 	141
	 	 
	5.1	Conditions to Initial Extension of Credit on the Closing Date	141
	5.2	Conditions to Each Extension of Credit After Closing Date	144
	 	 	 
	Section VI. AFFIRMATIVE COVENANTS 	145
	 	 	 
	6.1	Financial Statements.	145
	6.2	Certificates; Other Information.	146147
	6.3	Payment of Taxes.	149150

 

    	 	 ii	 

     

    

 

	6.4	Conduct of Business and Maintenance of Existence, etc.; Compliance	149150
	6.5	Maintenance of Property; Insurance.	149150
	6.6	Inspection of Property; Books and Records; Discussions.	150151
	6.7	Notices.	151152
	6.8	Additional Collateral, etc.	152153
	6.9	Use of Proceeds	157158
	6.10	Post-Closing	157158
	6.11	Credit Ratings	157158
	6.12	Line of Business	158
	6.13	Changes in Jurisdictions of Organization; Name	158
	6.14	Appraisals and Field Examinations.	158
	6.15	Control Accounts; Approved Deposit Accounts	159
	6.16	Landlord Waiver and Bailee’s Letters	160161
	6.17	Tax Reporting	160161
	6.18	Sanctions; Anti-Corruption Laws.	160161
	6.19	People’s Republic of China.	161
	 	 	 
	Section VII. NEGATIVE COVENANTS 	161
	 	 	 
	7.1	Financial Covenant.	161162
	7.2	Indebtedness	161162
	7.3	Liens	167
	7.4	Fundamental Changes	171172
	7.5	Dispositions of Property	173
	7.6	Restricted Payments	175176
	7.7	Investments	178179
	7.8	Prepayments, Etc. of Indebtedness; Amendments.	182183
	7.9	Transactions with Affiliates	183184
	7.10	Sales and Leasebacks	185186
	7.11	Changes in Fiscal Periods	186
	7.12	Negative Pledge Clauses	186187
	7.13	Clauses Restricting Subsidiary Distributions	188
	7.14	Limitation on Hedge Agreements	189190
	7.15	Amendment of Company Tax Sharing Agreement	190
	7.16	Anti-Cash Hoarding.	190
	 	 	 
	SECTION VIIA. HOLDINGS NEGATIVE COVENANTS 	190191
	 	 	 
	Section VIII. EVENTS OF DEFAULT	190191
	 	 
	8.1	Events of Default	190191
	8.2	[Reserved].	195196
	 	 	 
	Section IX. THE AGENTS	195196
	 	 
	9.1	Appointment	195196
	9.2	Delegation of Duties	196197
	9.3	Exculpatory Provisions	196197
	9.4	Reliance by the Agents	196197
	9.5	Notice of Default	197198

 

    	 	 iii	 

     

    

 

	9.6	Non-Reliance on Agents and Other Lenders	197198
	9.7	Indemnification.	198199
	9.8	Agent in Its Individual Capacity	199200
	9.9	Successor Agents.	199200
	9.10	Authorization to Release Liens and Guarantees	200201
	9.11	Agents May File Proofs of Claim	200201
	9.12	Specified Hedge Agreements, Specified Cash Management Obligations and Specified Additional Obligations.	201202
	9.13	Lead Arranger; SISO Term Loan Agent	203204
	9.14	Erroneous Payment	203204
	 	 	 
	Section X. MISCELLANEOUS	204205
	 	 	 
	10.1	Amendments and Waivers.	204205
	10.2	Notices; Electronic Communications.	212213
	10.3	No Waiver; Cumulative Remedies.	215216
	10.4	Survival of Representations and Warranties	216217
	10.5	Payment of Expenses; Indemnification	216217
	10.6	Successors and Assigns; Participations and Assignments.	218219
	10.7	Adjustments; Set off.	223224
	10.8	Counterparts	224225
	10.9	Severability	224225
	10.10	Integration	224225
	10.11	GOVERNING LAW	224225
	10.12	Submission to Jurisdiction; Waivers	225226
	10.13	Acknowledgments	225226
	10.14	Confidentiality	226227
	10.15	Release of Collateral and Guarantee Obligations; Subordination of Liens.	228229
	10.16	Accounting Changes	230231
	10.17	WAIVERS OF JURY TRIAL	230231
	10.18	USA PATRIOT ACT	230231
	10.19	Intercreditor Arrangements.	231232
	10.20	Interest Rate Limitation	236237
	10.21	Payments Set Aside	236237
	10.22	Electronic Execution of Assignments and Certain Other Documents	237238
	10.23	Acknowledgement and Consent to Bail-In of Affected Financial Institutions	237238
	10.24	Delegation by each Local Borrowing Subsidiary	238239
	10.25	Interest Act (Canada)	238239
	10.26	Judgment.	238239
	10.27	Submission To Jurisdiction.	238239
	10.28	Certain ERISA Matters.	239240
	10.29	Acknowledgement Regarding Any Supported QFCs.	241242

 

    	 	 iv	 

     

    

 

		SCHEDULES: 
	 	 
	1.1B	Specified Hedge Agreements, Specified Cash Management Obligations and Specified Additional Obligations (ABL)
	1.1C	Existing Letters of Credit
	2.1	Commitments
	2.4(b)	Borrowers, Permitted Foreign Currencies; Currency Sublimits; Maximum Sublimits; Local Fronting Lenders
	4.3	Existence; Compliance with Law
	4.4	Consents, Authorizations, Filings and Notices
	4.6	Litigation
	4.8A	Excepted Property
	4.8B	Owned Real Property
	4.14	Subsidiaries
	4.17	UCC Filing Jurisdictions
	6.10	Post-Closing Matters
	7.2(d)	Existing Indebtedness
	7.3(f)	Existing Liens
	7.7	Existing Investments
	7.9	Transactions with Affiliates
	7.12	Existing Negative Pledge Clauses
	7.13	Clauses Restricting Subsidiary Distributions
	 	 
		EXHIBITS:
	 	 
	A	Form of Guarantee and Collateral Agreement
	B	Form of Compliance Certificate
	C	Form of Closing Certificate
	D	Form of Assignment and Assumption
	E	[reserved]
	F	Form of Exemption Certificate
	G	Form of Solvency Certificate
	H	[reserved]
	I	[reserved]
	J	Form of Revolving Note
	K	Form of ABL Intercreditor Agreement
	L-1	[reserved]
	L-2	[reserved]
	M	Form of Mortgage
	N-1	Form of Local Borrowing Subsidiary Joinder Agreement
	N-2	Form of Local Fronting Lender Joinder Agreement
	O-1	Form of Local Loan Statement
	O-2	Form of Interest Allocation Statement (Local Loans)
	P	Form of Borrowing Base Certificate
	Q	Certain Borrowing Base Definitions
	 	 

 

    	 	 v	 

     

    

 

ASSET-BASED REVOLVING CREDIT
AGREEMENT, originally dated as of September 7, 2016, among REVLON CONSUMER PRODUCTS CORPORATION, a Delaware corporation (the “Company”
or the “Borrower”), the Local Borrowing Subsidiaries from time to time party hereto, REVLON, INC., a Delaware
corporation (“Holdings”) solely for purposes of Section 7A, the several banks and other financial
institutions or entities from time to time parties to this Agreement as Lenders, the Issuing Lenders, and MIDCAP FUNDING IV TRUST, as
Administrative Agent and Collateral Agent.

The parties hereto hereby
agree as follows

Section I.

DEFINITIONS

1.1       Defined
Terms.

As used in this Agreement, the terms listed in this Section 1.1 shall have the respective meanings set forth
in this Section 1.1.

“2021 Notes”:
the Borrower’s 5.75% senior notes due 2021.

“2021 Notes
Exchange”: the exchange of the 2021 Notes for the Tranche B Term Loans and certain other obligations of the Borrower as
provided in the Confidential Offering Memorandum and Consent Solicitation Statement of Revlon Consumer Products Corporation dated as of
September 29, 2020 (after giving effect to any modification, amendment, consent or waivers thereto); provided, that the
sum of (a) the aggregate principal amount of Unrestricted Cash and Cash Equivalents of the Company and its Subsidiaries (as reported on
the Company’s consolidated balance sheet as filed with the SEC) and (b)(i) Excess Availability minus (ii) the aggregate principal
amount of the 2021 Notes that remain outstanding immediately following the 2021 Notes Exchange Effective Date shall be at least $175,000,000
immediately after giving effect to the occurrence of the 2021 Notes Exchange Effective Date.

“2021 Notes
Exchange Effective Date”: the date the 2021 Notes Exchange and all transactions contemplated thereunder are consummated
and all payments pursuant thereto are made.

“2021 Notes
Lender Joinder Agreement”: means that certain lender joinder agreement attached as Exhibit B to the Amendment No. 5.

“2024 Notes”:
as defined in the definition of “Transactions”.

“ABL Facility
First Priority Collateral”: as defined in the ABL Intercreditor Agreement.

“ABL Intercreditor
Agreement”: the ABL Intercreditor Agreement, dated as of September 7, 2016, among the Borrower, Holdings, the Subsidiary
Guarantors, the Collateral Agent and the collateral agent under the Term Loan Documents and the collateral agent under the BrandCo Credit
Agreement, substantially in the form of Exhibit K, as supplemented by the Intercreditor Joinder Agreement dated as of May
7, 2020 and as the same may be further amended, supplemented, waived or otherwise modified from time to time.

“ABR”:
for any day, a rate per annum equal to the highest of

    	 	 	 

     

    

(a)       the
rate of interest last quoted by The Wall Street Journal as the “prime rate” in the United States,

(b)       the
Federal Funds Effective Rate in effect on such day plus 1⁄2 of 1% and

(c)       (i)       0.00%,

            (ii)
    with respect to the Tranche A Revolving Loans, 1.50% and

            (iii)    with
respect to the SISO Term Loans and the Tranche B Term Loans, 2.75%.

Any change in the ABR due to a change in the
“prime rate” shall be effective on the effective date of such change in the “prime rate” or the Federal Funds
Effective Rate, as the case may be; provided that with respect to any Local Loan which is denominated in Dollars and with
respect to which the Revolving Lenders have not been requested to purchase a participating interest pursuant to Section 2.32(a),
“ABR” shall mean the rate of interest from time to time publicly announced by the relevant Local Fronting Lender as its base
rate (or its equivalent thereof) for loans denominated in Dollars at the principal lending office of such Local Fronting Lender (or such
other rate as may be mutually agreed between the Local Borrower and the relevant Local Fronting Lender as reflecting the Cost of Funds
to such Local Fronting Lender of the Local Loans to which such rate is applicable).

“ABR Loans”:
Loans, Local Loans or Acceptances denominated in Dollars, as context may require, the rate of interest applicable to which is based upon
the ABR.

“Accelerated
Maturity Date”: the date that is the earlier of

(a)       91
days prior to the earliest stated maturity date of the term loans incurred pursuant to the Term Loan Agreement, to the extent such term
loans are then outstanding, and

(b)       to
the extent the Tranche B Term Loans are then outstanding, the earliest stated maturity date of the Tranche B Term Loans.

“Acceptances”:
as defined in Section 2.31(a).

“Accommodation
Period”: the period commencing on the Amendment No. 9 Effective Date and terminating on the Accommodation Period Termination
Date. 

“Accommodation
Period Reserve”: effective as of the Amendment No. 9 Effective Date, a reserve against the Tranche A Borrowing Base during the
Accommodation Period in the following amount

(a)
$10,000,000 for the period commencing on the Amendment No. 9 Effective Date and terminating on the earlier of (i) June 29, 2022 and (ii)
the Accommodation Period Termination Date, and 

(b)
$15,000,000 for the period commencing on June 30, 2022 and terminating on the Accommodation Period Termination Date.

“Accommodation
Period Termination Date”: the date that is the earlier of 

(a)       September
29, 2022, and

    	 	2	 

     

    

(b)        the
occurrence of (i) an Event of Default or (ii) a Default pursuant to Section 8.1(a) (unless this clause (b) is waived by the
Administrative Agent and the Required SISO Term Lenders in their sole discretion exercised reasonably and in
accordance with customary business practices for comparable asset-based transactions).

“Account”:
as defined in the UCC.

“Account Debtor”:
as defined in the UCC.

“Accounting
Changes”: as defined in Section 10.16.

“Additional
BrandCo License Agreements”: the following agreements, each dated as of the Amendment No. 4 Effective Date: (i) Almay Intellectual
Property License Agreement, by and among Almay BrandCo and the Borrower, (ii) Charlie Intellectual Property License Agreement, by and
among Charlie BrandCo and the Borrower, (iii) CND Intellectual Property License Agreement, by and among CND BrandCo and the Borrower,
(iv) Curve Intellectual Property License Agreement, by and among Curve BrandCo and the Borrower, (v) Elizabeth Arden Intellectual Property
License Agreement, by and among Elizabeth Arden BrandCo and the Borrower, (vi) Giorgio Beverly Hills Intellectual Property License Agreement,
by and among Giorgio Beverly Hills BrandCo and the Borrower, (vii) Halston Intellectual Property License Agreement, by and among Halston
BrandCo and the Borrower, (viii) Jean Nate Intellectual Property License Agreement, by and among Jean Nate BrandCo and the Borrower, (ix)
Mitchum Intellectual Property License Agreement, by and among Mitchum BrandCo and the Borrower, (x) Multicultural Group Intellectual Property
License Agreement, by and among Multicultural Group BrandCo and the Borrower, (xi) PS Intellectual Property License Agreement, by and
among PS BrandCo and the Borrower and (xii) White Shoulders Intellectual Property License Agreement, by and among White Shoulders BrandCo
and the Borrower, in each case, as the same may be amended, supplemented, waived or otherwise modified from time to time.

“Additional
Obligation Designation Notice”: as defined in Section 9.12(c).

“Administrative
Agent”: MidCap Funding IV Trust, as the successor administrative agent of Citibank, N.A., for the Lenders and Issuing Lenders
under this Agreement and the other Loan Documents (other than in respect of the Tranche B Term Facility) (the “Primary Administrative
Agent”) and with respect to the Tranche B Term Facility, the Tranche B Administrative Agent, as the context may require,
in each case, together with any of its successors and permitted assigns in such capacity in accordance with Section 9.9.
For the avoidance of doubt, references to “Administrative Agent” in respect of Sections 2.27 through 2.34,
6.14, 6.15 and 6.16 (and, in each case, related provisions and definitions, as context may require)
and, in respect of the Borrowing Base (including the Tranche B Borrowing Base), collateral and security matters, cash dominion, field
examinations and appraisals, Protective Advances, Local Loans and Letters of Credit shall refer to the Primary Administrative Agent.

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

“Affiliate”:
as to any Person, any other Person that, directly or indirectly, is in control of, is controlled by, or is under common control with,
such Person. For purposes of this definition, “control” of a Person means the power, directly or indirectly, to direct or
cause the direction of the management and policies of such Person, in either case whether by contract or otherwise.

“Agents”:
the collective reference to the Collateral Agent, the Primary Administrative Agent and the Tranche B Administrative Agent.

    	 	3	 

     

    

“Aggregate
Exposure”: with respect to

(i)        each
Revolving Lender at any time, an amount equal to the aggregate amount of such Revolving Lender’s Revolving Commitments then in effect
or, if the Revolving Commitments have been terminated, the amount of such Revolving Lender’s outstanding Revolving Extensions of
Credit then outstanding, and

(ii)       each
SISO Term Lender at any time, an amount equal to the aggregate amount of such SISO Term Lender’s SISO Term Commitments then in effect
or, if the SISO Term Commitments have been terminated, the aggregate principal amount of such SISO Term Lender’s SISO Term Loans
then outstanding.

“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 total Aggregate Exposures of all applicable Lenders at such time.

“Agreed Purposes”:
as defined in Section 10.14.

“Agreement”:
this Asset-Based Revolving Credit Agreement, as amended, supplemented, waived or otherwise modified from time to time.

“Agreement
Among Lenders”: that certain Amended and Restated Agreement Among Lenders, dated as of the Amendment No. 8 Effective Date,
among the Tranche A Revolving Secured Parties as the First Out Holders (as defined therein), the SISO Secured Parties as Last Out Lenders
(as defined therein), and the Administrative Agent, and as acknowledged by the Loan Parties.

“Amendment
No. 1”: that certain Amendment No. 1, dated as of April 17, 2018, among the Borrower, Holdings, the other Loan Parties thereto,
and the Administrative Agent and the Collateral Agent, among others.

“Amendment
No. 1 Effective Date”: as defined in Amendment No. 1.

“Amendment
No. 3”: that certain Amendment No. 3, dated as of April 17, 2020, among the Borrower, Holdings, the other Loan Parties thereto,
and the Administrative Agent and the Collateral Agent, among others.

“Amendment
No. 3 Effective Date”: as defined in Amendment No. 3.

“Amendment
No. 4”: that certain Amendment No. 4, dated as of May 7, 2020, among the Borrower, Holdings, the other Loan Parties thereto,
and the Administrative Agent and the Collateral Agent, among others.

“Amendment
No. 4 Effective Date”: as defined in Amendment No. 4.

“American Crew
License Agreement”: the Amended and Restated Intellectual Property License Agreement, dated as of the Amendment No. 4 Effective
Date, by and among American Crew BrandCo as licensor and the Borrower as licensee, as the same may be amended, supplemented, waived or
otherwise modified from time to time.

“American Crew
Non-Exclusive License”: the Amended and Restated Non-Exclusive License Agreement, dated as of the Amendment No. 4 Effective
Date, by and among the Borrower as licensor and 

    	 	4	 

     

    

American Crew BrandCo as licensee, as the same may be amended, supplemented, waived or
otherwise modified from time to time.

“Amendment
No. 5”: that certain Amendment No. 5, dated as of October 23, 2020, among the Borrower, Holdings, the other Loan Parties
thereto, and the Administrative Agent and the Collateral Agent, among others.

“Amendment
No. 5 Effective Date”: as defined in Amendment No. 5.

“Amendment
No. 5 Paydown”: as defined in Amendment No. 5.

“Amendment
No. 6”: that certain Amendment No. 6, dated as of December 21, 2020, among the Borrower, Holdings, the other Loan Parties
thereto, and the Administrative Agent and the Collateral Agent, among others.

“Amendment
No. 6 Effective Date”: as defined in Amendment No. 6.

“Amendment
No. 7”: that certain Amendment No. 7, dated as of March 8, 2021, among the Borrower, Holdings, the other Loan Parties thereto,
and the Administrative Agent and the Collateral Agent, among others.

“Amendment
No. 7 Amendment Date”: as defined in Amendment No. 7.

“Amendment
No. 7 Effective Date”: as defined in Amendment No. 7.

“Amendment
No. 8”: that certain Amendment No. 8, dated as of May 7, 2021, among the Borrower, Holdings, the other Loan Parties thereto,
and the Administrative Agent and the Collateral Agent, among others.

“Amendment
No. 8 Effective Date”: as defined in Amendment No. 8.

“Amendment
No. 8 Refinancing”: the repayment, refinancing, retirement or redemption of any (a) Tranche A Revolving Loans and Tranche
A Revolving Commitments outstanding under the Agreement in effect immediately prior to the Amendment No. 8 Effective Date, and (b) SISO
Term Loans outstanding under the Agreement in effect immediately prior to the Amendment No. 8 Effective Date, in each case pursuant to
Amendment No. 8.

“Amendment
No. 8 SISO Term Commitments”: as to any Amendment No. 8 SISO Term Lender, the obligation of such Lender, if any, to make
Amendment No. 8 SISO Term Loans. The aggregate amount of the Amendment No. 8 SISO Term Commitments as of the Amendment No. 8 Effective
Date is $130,000,000.

“Amendment
No. 8 SISO Term Lender”: each Lender that holds an Amendment No. 8 SISO Term Loan or Amendment No. 8 SISO Term Commitment.

“Amendment
No. 8 SISO Term Loans: as defined in Section 2.4(a)(i).

“Amendment
No. 9”: that certain Amendment No. 9, dated as of March 31, 2022, among the Borrower, Holdings, the other Loan Parties thereto,
and the Administrative Agent and the Collateral Agent, among others. 

    	 	5	 

     

    

“Amendment
No. 9 Effective Date”: as defined in Amendment No. 9.

“Anti-Corruption
Law”: the United States Foreign Corrupt Practices Act of 1977, as amended, the U.K. Bribery Act 2010, or any applicable
law or regulation implementing the OECD Convention on Combatting Bribery of Foreign Public Officials.

“Applicable
Margin”:

(a)       With
respect to the Tranche A Revolving Loans (i) that are Eurocurrency Loans or Local Loans, 3.75% per annum and (ii) that are ABR Loans,
2.75% per annum;

(b)       With
respect to the SISO Term Loans (i) that are Eurocurrency Loans, 5.75% per annum and (ii) that are ABR Loans, 4.75% per annum;

(c)       With
respect to the Tranche B Term Loans (i) that are Eurocurrency Loans, 8.50% per annum and (ii) that are ABR Loans, 7.50% per annum.

“Applicable
Period”: as defined in Section 10.19.

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

“Appraisal”:
(i) each appraisal delivered to the Administrative Agent prior to the Closing Date for purposes of this Agreement (which the Administrative
Agent confirms is satisfactory to it) and (ii) each appraisal that is conducted after the Closing Date pursuant to Section 6.14
in form and substance reasonably satisfactory to the Administrative Agent and performed by an appraiser that is reasonably satisfactory
to the Administrative Agent.

“Approved Deposit
Account”: a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained
by any Loan Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account
and all certificates and instruments, if any, representing or evidencing such Deposit Account.

“Approved Fund”:
as defined in Section 10.6(b).

“Approved Securities
Intermediary”: a Securities Intermediary or Commodity Intermediary selected by a Loan Party and reasonably satisfactory
to the Administrative Agent.

“Assignee”:
as defined in Section 10.6(b).

“Assignment
and Assumption”: an Assignment and Assumption, substantially in the form of Exhibit D or such other form reasonably
acceptable to the Administrative Agent and the Borrower.

“Availability”:
at any time, Tranche A Availability.

“Availability
Reserve”: effective as of five Business Days after the date of written notice of any determination thereof to the Borrower
by the Administrative Agent (which notice shall include a reasonable description of the basis for such determination), such amounts as
the Administrative Agent may from time to time establish, in the Administrative Agent’s sole discretion exercised reasonably and
in accordance with customary business practices for comparable asset-based transactions, in order to (a) preserve the value of the ABL
Facility First Priority Collateral or the Collateral Agent’s Lien thereon or

    	 	6	 

     

    

(b) provide for the payment of
unanticipated liabilities of any Loan Party affecting the ABL Facility First Priority Collateral arising after the Closing Date, in
each case based on the analysis of facts or events first occurring or firstd iscovered by the Administrative Agent after the
Amendment No. 8 Effective Date or that are materially different from facts or events occurring or known to the Administrative Agent
on the Amendment No. 8 Effective Date; provided, however, that

(A)       any
Availability Reserve shall have a reasonable relationship to the circumstances, conditions, events or contingencies which are the basis
of such Availability Reserve and

(B)       no
such Availability Reserve will be established with respect to (i) such matters that have been taken into account in the calculation of
the Borrowing Base, or the determination of any Eligibility Reserve or Dilution Reserve, or (ii) Specified Hedge Agreements, Specified
Additional Obligations or Specified Cash Management Obligations.

For the avoidance of doubt, Availability Reserves
shall not be established in respect of any eligibility or dilution risks or contingencies, which shall be reserved against by way of Eligibility
Reserves or Dilution Reserves, respectively.

“Available
Revolving Commitment”: as to each Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Revolving
Lender’s Revolving Commitment then in effect over (b) such Revolving Lender’s Revolving Extensions of Credit then outstanding.

“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 clause (iv) of Section
2.17(a).

“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, regulation rule or requirement for such EEA Member Country from time to time which is described
in the EU Bail-In Legislation Schedule and

(b)       with
respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation
or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions
or their affiliates (other than through liquidation, administration or other insolvency proceedings).

“Bailee’s
Letter”: a letter in form and substance reasonably acceptable to the Administrative Agent and executed by any Person (other
than the Company or any Subsidiary Guarantor) that is in possession of Inventory or Equipment included in the Tranche A Borrowing Base
or the Tranche B Borrowing Base on behalf of the Company or any Subsidiary Guarantor pursuant to which such Person acknowledges, among
other things, the Collateral Agent’s Lien with respect thereto.

    	 	7	 

     

    

“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 the then-current Benchmark, then “Benchmark” means the
applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to clause
(i) of Section 2.17(a).

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

(a)        For
Dollars:

(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 Dollars 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.

(b)        For
all Non-Hardwired Currencies, 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 syndicated credit facilities denominated in such currency at such time in the U.S. syndicated loan market and (b) the related
Benchmark Replacement Adjustment.

If the Benchmark Replacement
as determined pursuant to clauses (a)(1), (a)(2), (a)(3) or (b) above would be
less than, with respect to the Tranche A Revolving Facility, 0.50% (or with respect to the SISO Term Facility or other Obligations, 1.75%)
for the applicable Benchmark, the Benchmark Replacement will be deemed to be, with respect to the Tranche A Revolving Facility, 0.50%
(or with respect to the SISO Term Facility and any other Facilities, 1.75%) applicable to such Benchmark for the purposes of this Agreement
and the other Loan Documents.

“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 (a)(1) and (a)(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)

    	 	8	 

     

    

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 or
(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 (a)(3) or (b) 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 and currency 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 syndicated credit facilities
in the U.S. syndicated loan market; 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, the formula for calculating
any successor rates identified pursuant to the definition of “Benchmark Replacement”, the formula, methodology or convention
for applying the successor floor to the successor Benchmark Replacement and other technical, administrative or operational matters) that
the Administrative Agent decides may be appropriate to reflect the adoption and implementation of such Benchmark Replacement and to permit
the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative
Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Administrative Agent determines
that no market practice for the administration of such Benchmark Replacement exists, in such other manner of administration as the Administrative
Agent decides is reasonably necessary in connection with the administration of this Agreement and the other Loan Documents).

“Benchmark
Replacement Date”: 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

    	 	9	 

     

    

(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 applicable Lenders, so long as the Administrative Agent has not received, by 5:00 p.m. (New York City time) on the fifth
(5th) Business Day after the date notice of such Early Opt-in Election is provided to the applicable Lenders, written notice of
objection to such Early Opt-in Election from such Lenders comprising the Required Lenders (which, for the avoidance of doubt, shall
only include such Lenders required under clause (a) under the definition thereof).

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”: with respect to any Benchmark, 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), or, if applicable, the Board of Governors of the Federal Reserve System or 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).

“Benchmark
Unavailability Period”: with respect to any then-current Benchmark, 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(a)

    	 	10	 

     

    

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(a).

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

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

“Board of Directors”:
(a) with respect to a corporation, the board of directors of the corporation or any committee thereof duly authorized to act on behalf
of such board; (b) with respect to a partnership, the board of directors of the general partner of the partnership, or any committee thereof
duly authorized to act on behalf of such board or the board or committee of any Person serving a similar function; (c) with respect to
a limited liability company, the managing member or members or any controlling committee of managing members thereof or any Person or
Persons serving a similar function; and (d) with respect to any other Person, the board or committee of such Person serving a similar
function.

a “Borrower”:
the Company or a Local Borrowing Subsidiary, as the context shall require; collectively, the “Borrowers”. References to “the
Borrower” shall refer solely to the Company.

“Borrower Materials”:
as defined in Section 10.2(c).

“Borrowing
Base”: at any time, the Tranche A Borrowing Base plus the Tranche B Borrowing Base.

“Borrowing
Base Certificate”: a certificate of the Company substantially in the form of Exhibit P (Form of Borrowing Base Certificate)
or such other form reasonably acceptable to the Administrative Agent and the Borrower.

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

“Borrowing
Minimum”: (a) in the case of a Revolving Loan denominated in Dollars, $1,000,000, and (b) in the case of a Revolving Loan
denominated in any Permitted Foreign Currency, such roughly equivalent amount in such Permitted Foreign Currency as may be reasonably
specified by the Administrative Agent.

“Borrowing
Multiple”: (a) in the case of a Revolving Loan denominated in Dollars, $100,000, and (b) in the case of a Revolving Loan
denominated in any Permitted Foreign Currency, such roughly equivalent amount in such Permitted Foreign Currency as may be reasonably
specified by the Administrative Agent.

“BrandCo(s)”:
means each of (i) Beautyge II, LLC, a Delaware limited liability company (“American Crew BrandCo”), (ii) BrandCo Almay 2020
LLC, a Delaware limited liability company (“Almay BrandCo”), (iii) BrandCo Charlie 2020 LLC, a Delaware limited liability
company (“Charlie BrandCo”), (iv) BrandCo CND 2020 LLC, a Delaware limited liability company (“CND BrandCo”),
(v) BrandCo Curve 2020 LLC, a Delaware limited liability company (“Curve BrandCo”), (vi) BrandCo Elizabeth Arden 2020 LLC,
a Delaware limited liability company (“Elizabeth Arden BrandCo”), (vii) BrandCo Giorgio Beverly Hills 2020 LLC, a Delaware
limited liability company (“Giorgio Beverly Hills BrandCo”), (viii) BrandCo Halston 2020 LLC, a Delaware limited liability
company (“Halston BrandCo”), (ix) BrandCo Jean Nate 2020 LLC, a Delaware limited liability company (“Jean Nate BrandCo”),
(x) BrandCo Mitchum 2020 LLC, a Delaware limited liability company (“Mitchum 

    	 	11	 

     

    

BrandCo”), (xi) BrandCo Multicultural Group 2020
LLC, a Delaware limited liability company (“Multicultural Group BrandCo”), (xii) BrandCo PS 2020 LLC, a Delaware limited liability
company (“PS BrandCo”) and (xiii) BrandCo White Shoulders 2020 LLC, a Delaware limited liability company (“White Shoulders
BrandCo”).

“BrandCo Collateral”:
as defined in the Pari Passu Intercreditor Agreement.

“BrandCo Credit
Agreement”: that certain BrandCo Credit Agreement, dated as of the Amendment No. 4 Effective Date (as amended, amended and
restated, supplemented or otherwise modified from time to time), among Holdings, the Borrower, the lenders party thereto, and Jefferies
Finance LLC, as administrative agent, first lien collateral agent, second lien collateral agent and third lien collateral agent.

“BrandCo Documents”:
the BrandCo Credit Agreement and any other document, agreement and instrument executed and/or delivered in connection therewith or relating
thereto, together with any amendment, supplement, waiver, or other modification to any of the foregoing.

“BrandCo Entities”:
each BrandCo and BrandCo Holdings and their Subsidiaries.

“BrandCo Holdings”:
Beautyge I, an exempted company incorporated in the Cayman Islands.

“BrandCo License
Agreements”: the American Crew License Agreement and the Additional BrandCo License Agreements.

“BrandCo License
Documents”: the BrandCo License Agreements and the American Crew Non-Exclusive License.

“Business”:
the business activities and operations of the Borrower and/or its Subsidiaries on the Closing Date, after giving effect to the Transactions.

“Business Day”:
any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the laws of, or are in fact
closed in, the state where the Administrative Agent’s office is located (or, in the case of any Local Loan or Acceptance, the location
of the funding office of the relevant Local Fronting Lender) and:

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

(b)       if
such day relates to any interest rate settings as to a Eurocurrency Loan denominated in Euro, any fundings, disbursements, settlements
and payments in Euro in respect of any such Eurocurrency Loan, or any other dealings in Euro to be carried out pursuant to this Agreement
in respect of any such Eurocurrency Loan, means a TARGET Day;

(c)       if
such day relates to any interest rate settings as to a Eurocurrency Loan denominated in a currency other than Dollars or Euro, means any
such day on which dealings in deposits in the relevant currency are conducted by and between banks in the London or other applicable offshore
interbank market for such currency; and

    	 	12	 

     

    

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

“Calculation
Date”: as defined in Section 1.3(a).

“Canadian Collateral
Agreement” means the Canada – ABL Collateral Agreement, dated as of March 22, 2018, among Revlon Canada Inc., Elizabeth
Arden (Canada) Limited, each other Grantor (as defined therein) from time to time party thereto and the Collateral Agent, as the same
may be amended, supplemented, waived or otherwise modified from time to time.

“Capital Expenditure”:
for any period, the amount equal to all expenditures (by the expenditure of cash or the incurrence of Indebtedness) made by the Borrower
and its Restricted Subsidiaries during such period in respect of the purchase or other acquisition or improvement of any fixed or capital
asset or any other amounts which would, in accordance with GAAP, be set forth as capital expenditures or purchases of permanent displays
on the consolidated statement of cash flows of the Borrower and its Restricted Subsidiaries for such period.

“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 the purposes of this definition, “GAAP” shall mean generally accepted accounting principles in the United States
as in effect on the Closing Date.

“Capital Stock”:
any and all shares, interests, participations or other equivalents (however designated) of capital stock of a corporation, and any and
all equivalent ownership interests in a Person (other than a corporation).

“Cash Collateral
Account”: any Deposit Account or Securities Account that is:

(a)       established
as a “Cash Collateral Account” for the purposes expressly contemplated under the Loan Documents by any Agent from time to
time to receive cash and Cash Equivalents (or purchase cash or Cash Equivalents with funds received) from the Company or its Subsidiaries
or Persons acting on their behalf pursuant to the Loan Documents;

(b)       with
such depositaries and securities intermediaries as the Administrative Agent may determine in its sole discretion exercised reasonably;

(c)       in
the name of the Administrative Agent (although such account may also have words referring to the Company and the account’s purpose);

(d)       under
the control of the Collateral Agent; and

(e)       in
the case of a Securities Account, with respect to which the Collateral Agent, at the direction of the Administrative Agent or an agent
under the Term Loan Documents, as the case may be, shall be the Entitlement Holder and the only Person authorized to give Entitlement
Orders with respect

    	 	13	 

     

    

 thereto; provided, however, that no Cash Collateral Account shall be established in the
Commonwealth of Australia.

“Cash Collateralize”:
with respect to any portion of the L/C Exposure, to pay to the Administrative Agent an amount of cash and/or Cash Equivalents to be held
as security for obligations of the Borrower in respect of such portion of the L/C Exposure in a Cash Collateral Account or backstop in
a manner satisfactory to, or make other arrangements satisfactory to the Administrative Agent and the applicable Issuing Lender, with
respect to such portion of the L/C Exposure. “Cash Collateralization” and “Cash Collateral” shall have correlative
meanings.

“Cash Dominion
Period”: any period after the delivery of the first Borrowing Base Certificate pursuant to Section 6.2(g)

(a)       beginning
on the first date on which Excess Availability is less than $45,000,000 and

(b)       ending
on the first date on which Excess Availability shall have been equal to or greater than $45,000,000 for 30 consecutive Business Days.

“Cash Equivalents”:

(a)       direct
obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United States of America
(or by any agency thereof to the extent such obligations are backed by the full faith and credit of the United States of America), in
each case maturing within 18 months from the date of acquisition thereof;

(b)       certificates
of deposit, time deposits and eurodollar time deposits with maturities of 18 months or less from the date of acquisition, bankers’
acceptances with maturities not exceeding 18 months and overnight bank deposits, in each case, with any domestic commercial bank having
capital and surplus at the date of acquisition thereof in excess of $250,000,000;

(c)       repurchase
obligations with a term of not more than 30 days for underlying securities of the types described in clauses (a) and (b)
above entered into with any financial institution meeting the qualifications specified in clause (b) above;

(d)       commercial
paper having a rating of at least A-1 from S&P or P-1 from Moody’s (or, if at any time neither Moody’s nor S&P shall
be rating such obligations, an equivalent rating from another rating agency) and maturing within 18 months after the date of acquisition
and Indebtedness and preferred stock issued by Persons with a rating of “A” or higher from S&P or “A2” or
higher from Moody’s with maturities of 18 months or less from the date of acquisition;

(e)       readily
marketable direct obligations issued by or directly and fully guaranteed or insured by any state of the United States or any political
subdivision thereof having one of the two highest rating categories obtainable from either Moody’s or S&P with maturities of
18 months or less from the date of acquisition;

(f)       marketable
short-term money market and similar securities having a rating of at least P-1 or A-1 from Moody’s or S&P, respectively (or,
if at any time neither Moody’s nor S&P shall be rating such obligations, an equivalent rating from another rating agency) and
in each case maturing within 18 months after the date of creation or acquisition thereof;

    	 	14	 

     

    

(g)       Investments
with average maturities of 12 months or less from the date of acquisition in money market funds rated AA- (or the equivalent thereof)
or better by S&P or Aa3 (or the equivalent thereof) or better by Moody’s;

(h)       (x)
such local currencies in those countries in which the Borrower and its Restricted Subsidiaries transact business from time to time in
the ordinary course of business and (y) investments of comparable tenor and credit quality to those described in the foregoing clauses
(a) through (g) or otherwise customarily utilized in countries in which the Borrower and its Restricted Subsidiaries
operate for short term cash management purposes; and

(i)       Investments
in funds which invest substantially all of their assets in Cash Equivalents of the kinds described in clauses (a) through
(h) of this definition.

“Cash Interest
Expenses”: for any Test Period, the amount set forth opposite the caption “interest” (or any like caption) under
the heading “supplemental schedule of cash flow information” (or any like heading) in the consolidated financial statements
of the Borrower and its Restricted Subsidiaries for such Test Period.

“Cash Management
Obligations”: obligations in respect of any overdraft or other liabilities arising from treasury, depository and cash management
services, credit or debit card, or any automated clearing house transfers of funds.

“Cash Management
Provider”: as defined in the definition of “Specified Cash Management Obligations”.

“Certificated
Security”: as defined in the Guarantee and Collateral Agreement.

“Change of
Control”: as defined in Section 8.1(j).

“Charges”:
as defined in Section 10.20.

“Chattel Paper”:
as defined in the Guarantee and Collateral Agreement.

“Closing Date”:
September 7, 2016.

“Code”:
the Internal Revenue Code of 1986, as amended from time to time (unless otherwise indicated).

“Collateral”:
all the “Collateral” as defined in any Security Document.

“Collateral
Agent”: MidCap Funding IV Trust, in its capacity as successor collateral agent of Citibank, N.A. for the Secured Parties
under the Security Documents and any of its successors and permitted assigns in such capacity in accordance with Section 9.9.

“Commitment”:
as to any Lender, the sum of the Revolving Commitments and the Extended Revolving Commitments (in each case, if any) of such Lender.

    	 	15	 

     

    

“Commitment
Fee Rate”: from the Amendment No. 8 Effective Date, a rate equal to 0.50% per annum.

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

“Commodity
Intermediary”: as defined in the UCC.

“Commonly Controlled
Entity”: an entity, whether or not incorporated, that is under common control with the Borrower within the meaning of Section
4001 of ERISA or is part of a group that includes the Borrower and that is treated as a single employer under Section 414(b), (c), (m)
or (o) of the Code.

“Commonly Controlled
Plan”: as defined in Section 4.12(b).

“Company”:
as defined in the preamble hereto.

“Company Tax
Sharing Agreement”: the Tax Sharing Agreement, dated as of March 26, 2004, among Holdings, the Company and certain of its
Subsidiaries, as amended, supplemented or otherwise modified from time to time in accordance with the provisions of Section 7.15.

“Compliance
Certificate”: a certificate duly executed by a Responsible Officer substantially in the form of Exhibit B or such
other form reasonably acceptable to the Administrative Agent and the Borrower.

“Confidential
Information”: as defined in Section 10.14.

“Consolidated
EBITDA”: of any Person for any period, shall mean the Consolidated Net Income of such Person and its Restricted Subsidiaries
for such period plus, without duplication and, if applicable, except with respect to clauses (f), (n)
and (s) of this definition, to the extent deducted in calculating such Consolidated Net Income for such period, the sum
of:

(a)       provisions
for taxes based on income (or similar taxes in lieu of income taxes), profits, capital (or equivalents), including federal, foreign, state,
local, franchise, excise and similar taxes and foreign withholding taxes paid or accrued during such period (including penalties and interest
related to taxes or arising from tax examinations);

(b)       Consolidated
Net Interest Expense and, to the extent not reflected in such Consolidated Net Interest Expense, any net losses on hedging obligations
or other derivative instruments entered into for the purpose of hedging interest rate risk or foreign exchange rate risk, amortization
or write-off of debt discount and debt issuance costs and commissions, premiums, discounts and other fees and charges associated with
Indebtedness (including commitment, letter of credit and administrative fees and charges with respect to the Facilities and the Term Loan
Agreement);

(c)       depreciation
and amortization expense and impairment charges (including deferred financing fees, original issue discount, amortization of convertible
notes and other convertible debt instruments, capitalized software expenditures, amortization of intangibles (including goodwill), organization
costs and amortization of unrecognized prior service costs, and actuarial gains and losses related to pensions, and other post-employment
benefits);

    	 	16	 

     

    

(d)       all
management, monitoring, consulting and advisory fees, and due diligence expense and other transaction fees and expenses and related expenses
paid (or any accruals related to such fees or related expenses) (including by means of a dividend) during such period;

(e)       any
extraordinary, unusual or non-recurring income or gains or charges, expenses or losses (including (x) gains or losses on sales of assets
outside of the ordinary course of business, (y) restructuring and integration costs or reserves, including any retention and severance
costs, costs associated with office and facility openings, closings and consolidations, relocation costs, contract termination costs,
future lease commitments, excess pension charges and other non-recurring business optimization expenses and legal and settlement costs,
and (z) any expenses in connection with the Transactions);

(f)       (A)
to the extent covered by insurance and actually reimbursed, or, so long as such person has made a determination that there exists
reasonable evidence that such amount will in fact be reimbursed by the insurer and only to the extent that such amount is (x) not
denied by the applicable carrier in writing within 180 days and (y) in fact reimbursed within 365 days following the date of such
evidence (with a deduction for any amount so added back to the extent not so reimbursed within such 365 days), expenses with respect
to liability or casualty events or business interruption; and (B) amounts estimated in good faith to be received from insurance in
respect of lost revenues or earnings in respect of liability or casualty events or business interruption (with a deduction for
amounts actually received up to such estimated amount to the extent included in Consolidated EBITDA in a future period);

(g)       any
other non-cash income or gains (other than the accrual of revenue in the ordinary course), but excluding any such items (i) in respect
of which cash was received in a prior period or will be received in a future period or (ii) which represent the reversal in such period
of any accrual of, or reserve for, anticipated cash charges in any prior period where such accrual or reserve is no longer required, all
as determined on a consolidated basis;

(h)       transaction
costs, fees, losses and expenses (in each case whether or not any transaction is actually consummated) (including those with respect to
any amendments or waivers of the Loan Documents or the Term Loan Documents, and those payable in connection with the sale of Capital Stock,
recapitalization, the incurrence of Indebtedness permitted by Section 7.2, transactions permitted by Section 7.4,
Dispositions permitted by Section 7.5, or any Permitted Acquisition or other Investment permitted by Section 7.7);

(i)       accruals
and reserves that are established or adjusted within twelve months after the Closing Date and that are so required to be established or
adjusted in accordance with GAAP or as a result of adoption or modification of accounting policies;

(j)       all
costs and expenses incurred in defending, settling and compromising any pending or threatened litigation claim, action or legal dispute
up to an amount not to exceed $15,000,000 in such period;

(k)       charges,
losses, lost profits, expenses or write-offs to the extent indemnified or insured by a third party, including expenses covered by indemnification
provisions in any Qualified Contract or any agreement in connection with the Transactions, a Permitted Acquisition or any other acquisition
or Investment permitted by Section 7.7, in each case, to the extent that coverage has not been denied (other than any such
denial that is being contested by the Borrower and/or its Restricted Subsidiaries in good faith) and so long as such amounts are actually
reimbursed to such Person and its Restricted Subsidiaries in cash within one year after the related amount is first added to Consolidated
EBITDA pursuant to this clause (k) (and to the extent not so reimbursed within one year, such amount not reimbursed shall
be 

    	 	17	 

     

    

deducted from Consolidated EBITDA during the next measurement period); it being understood that such amount may subsequently be included
in Consolidated EBITDA in a measurement period to the extent of amounts actually reimbursed;

(l)       costs
of surety bonds of such Person and its Restricted Subsidiaries in connection with financing activities;

(m)       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;

(n)       the
amount of expected cost savings and other operating improvements and synergies reasonably identifiable and reasonably supportable
(as determined by the Borrower or any Restricted Subsidiary in good faith) to be realized as a result of the Transactions, any
acquisition or Disposition (including the termination or discontinuance of activities constituting such business), any Investment,
operating expense reductions, operating improvements, restructurings, cost savings initiatives, operational changes or similar
initiatives or transactions (including resulting from any head count reduction or closure of facilities) taken or committed to be
taken during such (or any prior) period (in each case calculated on a pro forma basis as though such cost savings and other
operating expense reductions, operating improvements and synergies had been realized on the first day of such period), net of the
amount of actual benefits realized during such period from such actions to the extent already included in the Consolidated Net
Income for such period; provided, that (i) (A) such cost savings, operating improvements and synergies are reasonably anticipated to
result from such actions and (B) actions resulting in such operating expense reductions or other operating improvements, synergies
or cost savings are reasonably anticipated to have commenced within 18 months and (ii) no cost savings shall be added pursuant to
this clause (n) to the extent already included in clause (e) above with respect to such period;

(o)       earn-out,
contingent compensation and similar obligations incurred in connection with any acquisition or other investment and paid (if not previously
accrued) or accrued;

(p)       net
realized losses relating to mark-to-market of amounts denominated in foreign currencies resulting from the application of FASB ASC 830
(including net realized losses from exchange rate fluctuations on intercompany balances and balance sheet items, net of realized gains
from related Hedge Agreements);

(q)       costs,
charges, accruals, reserves or expenses attributable to cost savings initiatives, operating expense reductions, transition, opening and
pre-opening expenses, business optimization, management changes, restructurings and integrations (including inventory optimization programs,
software and other intellectual property development costs, costs related to the closure or consolidation of facilities and curtailments,
costs related to entry into new markets, consulting fees, signing costs, retention or completion bonuses, relocation expenses, severance
payments, and modifications to pension and post-retirement employee benefit plans, new systems design and implementation costs and project
startup costs) or other fees relating to any of the foregoing;

(r)       (i)
any net realized loss resulting from fair value accounting required by FASB ASC 815 (including as a result of the mark-to-market of obligations
of Hedge Agreements and other derivative instruments), (ii) any net realized loss resulting in such period from currency translation losses
related to currency re-measurements of Indebtedness and (iii) the amount of loss resulting in such period from a sale of receivables,
payment intangibles and related assets in connection with a receivables financing; and

    	 	18	 

     

    

(s)       cash
receipts (or any netting arrangements resulting in reduced cash expenses) not included in Consolidated EBITDA in any period to the extent
non-cash gains relating to such receipts were deducted in the calculation of Consolidated EBITDA pursuant to the below for any previous
period and not added back,

minus, to the extent reflected
as income or a gain in the statement of such Consolidated Net Income for such period, the sum, without duplication, of:

(A)       the
amount of cash received in such period in respect of any non-cash income or gain in a prior period (to the extent such non-cash income
or gain previously increased Consolidated Net Income in a prior period);

(B)       net
realized gains relating to mark-to-market of amounts denominated in foreign currencies resulting from the application of FASB ASC 830
(including net realized gains from exchange rate fluctuations on intercompany balances and balance sheet items, net of realized losses
from related Hedge Agreements); and

(C)       (i)
any net realized gain resulting from fair value accounting required by FASB ASC 815 (including as a result of the mark-to-market of
obligations of Hedge Agreements and other derivative instruments), (ii) any net realized gain resulting in such period from currency
translation gains related to currency re-measurements of Indebtedness and (iii) the amount of gain resulting in such period from a
sale of receivables, payment intangibles and related assets in connection with a receivables financing;

provided, that for purposes of
calculating Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for any period, the Consolidated EBITDA of any Person
or Properties constituting a division or line of business of any business entity, division or line of business, in each case, acquired
by Holdings, the Borrower or any of the Restricted Subsidiaries during such period and assuming any synergies, cost savings and other
operating improvements to the extent determined by the Borrower in good faith to be reasonably anticipated to be realizable within 18
months following such acquisition, or of any Subsidiary designated as a Restricted Subsidiary during such period, shall be included on
a pro forma basis for such period (but assuming the consummation of such acquisition or such designation, as the case may be, occurred
on the first day of such period); provided, further, any expected or anticipated synergies, cost savings and
other operating improvements added back pursuant to the preceding proviso or clause (n) above (excluding any such expected
or anticipated synergies, cost savings or other operating improvements in connection with any Disposition) shall not exceed, in the aggregate,
25% of Consolidated EBITDA (in each case, calculated prior to giving effect to such addbacks) for such periods. With respect to each joint
venture or minority investee of the Borrower or any of its Restricted Subsidiaries, for purposes of calculating Consolidated EBITDA, the
amount of EBITDA (calculated in accordance with this definition) attributable to such joint venture or minority investee, as applicable,
that shall be counted for such purposes (without duplication of amounts already included in Consolidated Net Income) shall equal the product
of (x) the Borrower’s or such Restricted Subsidiary’s direct and/or indirect percentage ownership of such joint venture or
minority investee and (y) the EBITDA (calculated in accordance with this definition) of such joint venture or minority investee.

Unless otherwise qualified, all references
to “Consolidated EBITDA” in this Agreement shall refer to Consolidated EBITDA of the Borrower.

“Consolidated
Net First Lien Leverage”: at any date, (a) the aggregate principal amount of all senior secured Funded Debt of the Borrower
and its Restricted Subsidiaries on such date that is secured by a lien on the Collateral (unless the lien securing such Funded Debt is
junior or subordinated to the liens of the Lenders with respect to the ABL Facility First Priority Collateral and the Liens of the lenders

    	 	19	 

     

    

under any Term Pari Passu Obligations), minus (b) Unrestricted Cash of the Loan Parties on such date, in each case determined
on a consolidated basis in accordance with GAAP.

“Consolidated
Net First Lien Leverage Ratio”: as of any date of determination, the ratio of (a) Consolidated Net First Lien Leverage on
such date to (b) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for the most recently ended Test Period.

“Consolidated
Net Income”: of any Person for any period, shall mean the consolidated net income (or loss) of such Person and its Restricted
Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP; provided, that in calculating
Consolidated Net Income of the Borrower and its consolidated Restricted Subsidiaries for any period:

(a)       the
income (or loss) of any Person accrued prior to the date it becomes a Restricted Subsidiary or is merged into or consolidated with the
Borrower or any of its Restricted Subsidiaries shall be excluded;

(b)       the
income (or loss) of any Person that is not a subsidiary of such Person, or is an Unrestricted Subsidiary, or that is accounted for
by the equity method of accounting shall be excluded, except to the extent of dividends, return of capital or similar distributions
actually received by such Person or its Restricted Subsidiaries (which dividends, return of capital and distributions shall be
included in the calculation of Consolidated Net Income);

(c)       (i)
any net unrealized gains and losses resulting from fair value accounting required by FASB ASC 815 (including as a result of the mark-to-market
of obligations of Hedge Agreements and other derivative instruments) and (ii) any net unrealized gains and losses resulting in such period
from currency translation losses (or similar charges) related to currency re-measurements of Indebtedness or other liabilities or from
currency fluctuations, in each case shall be excluded;

(d)       any
net unrealized gains and losses relating to mark-to-market of amounts denominated in foreign currencies resulting from the application
of FASB ASC 830 (including net unrealized gain and losses from exchange rate fluctuations on intercompany balances and balance sheet items)
shall be excluded;

(e)       the
cumulative effect of a change in accounting principles during such period shall be excluded;

(f)       non-cash
interest expense resulting from the application of Accounting Standards Codification Topic 470-20 “Debt—Debt with Conversion
Options—Recognition” shall be excluded;

(g)       any
charges resulting from the application of FASB ASC 805 “Business Combinations,” FASB ASC 350 “Intangibles—Goodwill
and Other,” FASB ASC 360-10-35-15 “Impairment or Disposal of Long-Lived Assets,” FASB ASC 480-10-25-4 “Distinguishing
Liabilities from Equity—Overall—Recognition” or FASB ASC 820 “Fair Value Measurements and Disclosures” shall
be excluded;

(h)       effects
of purchase accounting adjustments (including the effects of such adjustments pushed down to such person and its subsidiaries) in component
amounts required or permitted by GAAP, resulting from the application of purchase accounting or the amortization or write-off of any amounts
thereof, net of taxes, shall be excluded;

    	 	20	 

     

    

(i)       any
income (or loss) for such period attributable to the early extinguishment or buy-back of indebtedness, Hedge Agreements or other derivative
instruments shall be excluded;

(j)       any
non-cash charges for deferred tax asset valuation allowances shall be excluded;

(k)       any
other non-cash charges (including goodwill or asset impairment charges), expenses or losses, including write-offs and write-downs (including
in respect of unamortized debt issuance costs and deferred financing fees) and any non-cash cost related to the termination of any employee
pension benefit plan (except to the extent such charges, expenses or losses represent an accrual of or reserve for cash expenses in any
future period or an amortization of a prepaid cash expense paid in a prior period) shall be excluded;

(l)       non-cash
stock-based and other equity-based compensation expenses (including those realized or resulting from stock option plans, employee benefit
plans, post-employment benefit plans, grants of sales of stock, stock appreciation or similar rights, stock options, restricted stock,
preferred stock or other rights) shall be excluded;

(m)       the
Transaction Costs shall be excluded;

(n)       any
losses in respect of equity earnings for such period (other than in respect of losses from equity in affiliates) shall be excluded; and

(o)       gains
and losses from the Specified Dispositions and the consolidated net income (or loss) of any Person or Properties constituting a division
or line of business of any business entity, division or line of business or fixed asset, in each case, Disposed of, abandoned, closed
or discontinued by Holdings, the Borrower or any of the Restricted Subsidiaries during such period other than in the ordinary course of
business, or of any Subsidiary designated as an Unrestricted Subsidiary during such period, shall be excluded for such period (assuming
the consummation of such Disposition or such designation, as the case may be, occurred on the first day of such period).

Unless otherwise qualified, all references
to “Consolidated Net Income” in this Agreement shall refer to Consolidated Net Income of the Borrower.

“Consolidated
Net Interest Expense”: of any Person for any period, (a) the sum of (i) total cash interest expense (including that
attributable to Capital Lease Obligations) of such Person and its Restricted Subsidiaries for such period with respect to all outstanding
Indebtedness of such Person and its Restricted Subsidiaries, plus (ii) all cash dividend payments (excluding items
eliminated in consolidation) on any series of Disqualified Capital Stock of such Person made during such period, minus (b)
the sum of (i) total cash interest income of such Person and its Restricted Subsidiaries for such period (excluding any interest income
earned on receivables due from customers), in each case determined in accordance with GAAP, plus (ii) any one time financing
fees (to the extent included in such Person’s consolidated interest expense for such period), including, with respect to the Borrower,
those paid in connection with the Loan Documents or in connection with any amendment thereof. Unless otherwise qualified, all references
to “Consolidated Net Interest Expense” in this Agreement shall refer to Consolidated Net Interest Expense of
the Borrower and its Restricted Subsidiaries. For purposes of the foregoing, interest expense shall be determined after giving effect
to any net payments actually made or received by the Borrower or any Subsidiary with respect to interest rate Hedge Agreements.

“Consolidated
Net Secured Leverage”: at any date, (a) the aggregate principal amount of all senior secured Funded Debt of the Borrower
and its Restricted Subsidiaries on such date, minus (b) 

    	 	21	 

     

    

Unrestricted Cash of the Loan Parties on such date, in each case
determined on a consolidated basis in accordance with GAAP.

“Consolidated
Net Secured Leverage Ratio”: as of any date of determination, the ratio of (a) Consolidated Net Secured Leverage on such
date to (b) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for the most recently ended Test Period.

“Consolidated
Net Total Leverage”: at any date, (a) the aggregate principal amount of all Funded Debt of the Borrower and its Restricted
Subsidiaries on such date, minus (b) Unrestricted Cash of the Loan Parties on such date, in each case determined on a consolidated
basis in accordance with GAAP.

“Consolidated
Net Total Leverage Ratio”: as of any date of determination, the ratio of (a) Consolidated Net Total Leverage on such date
to (b) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for the most recently ended Test Period.

“Consolidated
Total Assets”: at any date, the total assets of the Borrower and its Restricted Subsidiaries, determined on a consolidated
basis in accordance with GAAP, as shown on the consolidated balance sheet of the Borrower and its Restricted Subsidiaries for the most
recently completed fiscal quarter for which financial statements have been delivered pursuant to Section ‎6.1,
or prior to the first such delivery, the pro forma financial statements referred to in Section 5.1(o), determined on a pro
forma basis.

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

“Control Account”:
a Securities Account or Commodity Account (as defined in the Guarantee and Collateral Agreement) that is the subject of an effective Securities
Account Control Agreement and that is maintained by any Loan Party with an Approved Securities Intermediary. “Control Account”
includes all Financial Assets held in a Securities Account or a Commodity Account and all certificates and instruments, if any, representing
or evidencing the Financial Assets contained therein.

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

“Cost of Funds”:
with respect to any Local Fronting Lender, the rate of interest which reflects the cost to such Local Fronting Lender of obtaining funds
of the type utilized to fund any extension of credit to the relevant Borrower hereunder in the local market for the period during which
such extension of credit is outstanding.

“Currency Sublimit”:
with respect to any Local Fronting Lender, the amount from time to time equal to the amount of Dollars set forth under the heading “Currency
Sublimit” on Schedule 2.4(b) as the same may be or may be deemed to be modified from time to time in accordance with
the terms of this Agreement; collectively as to all Local Fronting Lenders, the “Currency Sublimits”.

“Customary
Permitted Liens”: means Liens permitted by clauses (a), (b), (c)(i), (d)
and (e) of Section 7.3.

    	 	22	 

     

    

“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.

“Debt Fund
Affiliate”: means any Affiliate of a Person that is primarily engaged in, or advises funds or other investment vehicles
that are engaged in, making, purchasing, holding or otherwise investing in commercial loans, bonds and similar extensions of credit or
securities in the ordinary course and with respect to which such Person does not, directly or indirectly, possess the power to direct
or cause the direction of the investment policies of such Affiliate.

“Debtor Relief
Laws”: means the Bankruptcy Code of the United States of America, and all other liquidation, conservatorship, bankruptcy,
assignment for the benefit of creditors, moratorium, rearrangement (including any arrangement provisions of the Canada Business Corporations
Act (Canada) or any other applicable corporation legislation under the laws of any Province or Territory of Canada), 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.

“Defaulting
Lender”: means, subject to Section 2.7(a), any Lender that

(a)       has
failed to (i) fund all or any portion of its Loans within two Business Days of the date such Loans were required to be funded hereunder
unless such Lender notifies the Administrative Agent and the Borrower in writing that such failure is the result of such Lender’s
determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default,
shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, any Issuing Lender,
any 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, Swingline Loans or Protective Advances) within two Business Days of the date when due,

(b)       has
notified the Borrower, a Local Borrowing Subsidiary, the Administrative Agent or any Issuing Lender or 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 determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall
be specifically identified in such writing or public statement) cannot be satisfied),

(c)       has
failed, within three Business Days after written request by the Administrative Agent or the Borrower, to confirm in writing to the Administrative
Agent and the Borrower that it will comply with its prospective funding obligations hereunder (provided that such Lender
shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative
Agent and the Borrower), or

(d)       has,
or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) had appointed
for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with
reorganization 

    	 	23	 

     

    

or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal
regulatory authority acting in such a capacity, or (iii) become the subject of a Bail-in Action; provided that a Lender
shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct
or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender
with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on
its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements
made with such Lender.

Any determination by the Administrative Agent
that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above shall be conclusive
and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.7(a))
upon delivery of written notice of such determination to the Borrower, each Issuing Lender, each Swingline Lender and each Lender.

“Deposit Account”:
as defined in the UCC.

“Deposit Account
Bank”: a financial institution selected by a Loan Party and reasonably satisfactory to the Administrative Agent.

“Deposit Account
Control Agreement”: as defined in the Guarantee and Collateral Agreement.

“Designated
Additional Obligation Pari Passu Distribution Amount”: as defined in Section 9.12(c).

“Designated
Hedge Pari Passu Distribution Amount”: as defined in Section 9.12(b).

“Designated
Jurisdiction”: any country or territory that is the target of comprehensive Sanctions (as of the date of this Agreement,
Iran, Sudan, Syria, Cuba, North Korea, and Crimea).

“Designated
Non-cash Consideration”: the Fair Market Value of non-cash consideration received by the Borrower or one of its Restricted
Subsidiaries in connection with a Disposition that is so designated as Designated Non-cash Consideration pursuant to an officer’s
certificate, setting forth the basis of such valuation, less the amount of cash and Cash Equivalents received in connection with a subsequent
sale of such Designated Non-cash Consideration within 180 days of receipt thereof.

“Designated
Term Loan Agent”: as defined in the ABL Intercreditor Agreement.

“Designation
Date”: as defined in Section 2.26(f).

“Dilution”:
as of any date of determination, a percentage concerning dilution of Accounts of the Loan Parties as set forth in the most recent field
examination with respect to Eligible Receivables included in the Borrowing Base without duplication of any exclusion from the definition
of “Eligible Receivables,” during the 12 month period covered by such report.

“Dilution Reserve”:
effective as of five Business Days after the date of written notice of any determination thereof to the Company by the Administrative
Agent (which notice shall include a reasonable description of the basis for such determination), an amount equal to (a) if Dilution is
less than or equal to five percent (5%), $0, and (b) if Dilution is greater than five percent (5%), an amount determined by the Administrative
Agent in its sole discretion exercised reasonably and in accordance with customary business practices for comparable asset-based transactions,
not to exceed the amount 

    	 	24	 

     

    

sufficient to reduce the advance rate against Eligible Receivables set forth in the definition of the Tranche
A Borrowing Base and the Tranche B Borrowing Base by one percentage point in the aggregate for each percentage point by which Dilution
is in excess of five percent (5%).

“Disinterested
Director”: as defined in Section 7.9.

“Disposition”:
with respect to any Property, any sale, sale and leaseback, assignment, conveyance, transfer or other disposition thereof, in each case,
to the extent the same constitutes a complete sale, sale and leaseback, assignment, conveyance, transfer or other disposition, as applicable.
The terms “Dispose” and “Disposed of” shall have correlative meanings.

“Disqualified
Capital Stock”: Capital Stock that (a) requires the payment of any dividends (other than dividends payable solely in
shares of Qualified Capital Stock), (b) matures or is mandatorily redeemable or subject to mandatory repurchase or redemption or
repurchase at the option of the holders thereof (other than solely for Qualified Capital Stock), in each case in whole or in part
and whether upon the occurrence of any event, pursuant to a sinking fund obligation on a fixed date or otherwise (including as the
result of a failure to maintain or achieve any financial performance standards) or (c) are convertible or exchangeable,
automatically or at the option of any holder thereof, into any Indebtedness, Capital Stock or other assets other than Qualified
Capital Stock, in the case of each of clauses (a), (b) and (c), prior to the date that is
91 days after the Latest Maturity Date in effect on the date such Capital Stock is issued (other than (i) upon payment in full of
the Obligations (other than (x) indemnification and other contingent obligations not yet due and owing and (y) obligations in
respect of Specified Hedge Agreements, Specified Cash Management Obligations or Specified Additional Obligations) or (ii) upon a
“change in control”; provided, that any payment required pursuant to this clause (ii) is
subject to the prior repayment in full of the Obligations (other than (x) indemnification and other contingent obligations not yet
due and owing and (y) obligations in respect of Specified Hedge Agreements, Specified Cash Management Obligations or Specified
Additional Obligations) that are then accrued and payable and the termination of the Commitments); provided, further, however,
that if such Capital Stock is issued to any employee or to any plan for the benefit of employees of Holdings, the Borrower or the
Subsidiaries or by any such plan to such employees, such Capital Stock shall not constitute Disqualified Capital Stock solely
because it may be required to be repurchased by Holdings, the Borrower or a Subsidiary in order to satisfy applicable statutory or
regulatory obligations or as a result of such employee’s termination, death or disability.

“Disqualified
Institution”: (i) those institutions identified by the Borrower in writing to the Administrative Agent prior to the Amendment
No. 7 Effective Date and (ii) business competitors of Holdings and its Subsidiaries identified by Borrower in writing to the Administrative
Agent from time to time and, in the case of clauses (i) and (ii) any known Affiliates readily identifiable
by name (other than, in the case of clause (ii), any Debt Fund Affiliates). A list of the Disqualified Institutions will
be posted by the Administrative Agent on the Platform and available for inspection by all Lenders. Any designation of Disqualified Institutions
by the Borrower at any time after the Closing Date in accordance with the foregoing shall not apply retroactively to disqualify any Person
that has previously acquired an assignment or participation interest in any Facility.

“Do not have
Unreasonably Small Capital”: the Borrower and its Subsidiaries taken as a whole after consummation of the Transactions is
a going concern and has sufficient capital to reasonably ensure that it will continue to be a going concern for the period from the date
hereof through the Latest Maturity Date.

“Dollar Equivalent”:
at any time, (a) with respect to any amount denominated in Dollars, such amount, and (b) with respect to any amount denominated in any
Permitted Foreign Currency, the 

    	 	25	 

     

    

equivalent amount thereof in Dollars at such time on the basis of the Spot Rate (determined in respect
of the most recent Revaluation Date) for the purchase of Dollars with such Permitted Foreign Currency.

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

“Domestic Subsidiary”:
any direct or indirect Restricted Subsidiary that (i) is organized under the laws of any jurisdiction within the United States and (ii)
is not a direct or indirect Subsidiary of a Foreign Subsidiary.

“Draft”:
a draft that is (a) in a form customary in the relevant jurisdiction for acceptance and discount as a bankers’ acceptance, (b) otherwise
reasonably acceptable in form and substance to the relevant Local Fronting Lender, (c) stated to mature on the date which is 30, 60, 90
or 180 days after the date thereof (or such other maturity as is agreeable to the relevant Local Fronting Lender, in its sole discretion)
and (d) duly completed and executed by the relevant Local Borrowing Subsidiary.

“Early Opt-in
Election”: if the then-current Benchmark is a LIBOR, the occurrence of the following on or after December 31, 2020:

(1)       (a)
with respect to Dollars, 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 Dollars denominated syndicated credit
facilities in the U.S. syndicated loan market 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); or (b) with respect to a Non-Hardwired Currency utilizing a LIBOR,
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 syndicated credit facilities which include such Non-Hardwired Currency
at such time in the U.S. syndicated loan market contain or are being executed or amended, as applicable, to incorporate or adopt a
new benchmark interest rate to replace the then current Benchmark with respect to such Non-Hardwired Currency as a benchmark rate
(and such syndicated credit facilities are identified in such notice and are publicly available for review), and

(2)       in
each case, the joint election by the Administrative Agent and the Borrower to trigger a fallback from the applicable then-current Benchmark
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.

    	 	26	 

     

    

“Eligibility
Reserve”: effective as of five Business Days after the date of written notice of any determination thereof to the Company
by the Administrative Agent (which notice shall include a reasonable description of the basis for such determination), such amounts as
the Administrative Agent, in its sole discretion exercised reasonably and in accordance with customary business practices for comparable
asset-based transactions, may from time to time establish, against the gross amounts of Eligible Receivables, Eligible Inventory, Eligible
Equipment and Eligible Real Property to reflect risks or contingencies arising after the Closing Date that may adversely affect any one
or more class of such items and that have not already been taken into account in the calculation of the Tranche A Borrowing Base and the
Tranche B Borrowing Base; provided that no such Eligibility Reserve will be established with respect to such matters that
have been taken into account in the determination of any Dilution Reserve or Availability Reserve; provided, further,
that any Eligibility Reserve with respect to the Tranche A Borrowing Base shall not be duplicative of (but may be additive to) any Eligibility
Reserve with respect to the Tranche B Borrowing Base and any Eligibility Reserve with respect to the Tranche B Borrowing Base shall not
be duplicative of (but may be additive to) any Eligibility Reserve with respect to the Tranche A Borrowing Base. For the avoidance of
doubt, Eligibility Reserves shall not be established in respect of any dilution risks or contingencies, which shall be reserved against
by way of Dilution Reserves.

“Eligible Assignee”:
any Person that meets the requirements to be an assignee under Section 10.6(b) (subject to receipt of such consents, if
any, as may be required for the assignment of the applicable Loan or Commitment to such Person under Section 10.6(b)(i)).

“Eligible Bulk
Inventory”: the Eligible Inventory of the Company or any Subsidiary Guarantor consisting of “Bulk,” as
defined in Exhibit Q.

“Eligible Equipment”:
the Equipment of the Company or any Subsidiary Guarantor:

(a)        that
is owned solely by the Company or such Subsidiary Guarantor;

(b)        with
respect to which the Collateral Agent has a valid, perfected and enforceable first-priority Lien (subject to Liens permitted under Section
7.3);

(c)        with
respect to which no representation or warranty contained in any Loan Document has been breached in any material respect (unless otherwise
agreed by the Administrative Agent);

(d)        that
is not, in the Administrative Agent’s sole discretion exercised reasonably and in accordance with customary business practices for
comparable asset-based transactions, obsolete or unmerchantable; and

(e)        that
the Administrative Agent deems to be Eligible Equipment, based on such credit and collateral considerations as the Administrative Agent
may, in its sole discretion exercised reasonably and in accordance with customary business practices for comparable asset-based transactions,
deem appropriate.

No Equipment of the Company or any Subsidiary
Guarantor shall be Eligible Equipment if such Equipment is located, stored, used or held at the premises of a third party unless (i) the
Administrative Agent shall have received a Landlord Waiver or Bailee’s Letter or (ii) an Eligibility Reserve reasonably satisfactory
to the Administrative Agent shall have been established with respect thereto; provided, however, that no such
exclusion from Eligible Equipment on the basis of this sentence shall be in effect during the first 60 days after the Closing Date (or
such later date as the Administrative Agent may agree in its sole discretion).

    	 	27	 

     

    

“Eligible Finished
Goods”: the Eligible Inventory of the Company or any Subsidiary Guarantor that is classified, consistent with past practice,
on the Company’s or such Subsidiary Guarantor’s accounting system as “finished goods” (including tote).

“Eligible In
Transit Inventory”: with respect to Company or any Subsidiary Guarantor, without duplication of Eligible Inventory, Inventory
that, or as to which:

(a)       is
then in transit (whether by vessel, air or land) with a freight carrier, shipping company or other third party which is not an Affiliate
of any Company or any Subsidiary Guarantor from a location outside of the continental United States to a location of the Company or any
Subsidiary Guarantor within the continental United States, for which the Administrative Agent shall have received such evidence thereof
as the Administrative Agent may reasonably require;

(b)       the
title thereto has passed to, and such Inventory is owned by, Company or any Subsidiary Guarantor as applicable, and for which the Administrative
Agent shall have received such evidence thereof as the Administrative Agent may require;

(c)       either
(i) no third party has any right, under applicable law or pursuant to any document relating to the sale of such Inventory, to reclaim,
divert the shipment of, reroute, repossess, stop delivery of or otherwise assert any Lien rights or title retention with respect to such
in-transit Inventory, (ii) the Administrative Agent has received, (y) a copy of the certificate of marine cargo insurance in connection
therewith in which the Administrative Agent has been named as an additional insured and loss payee in a manner acceptable to the Administrative
Agent and (z) a copy of the invoice, packing slip and manifest with respect thereto as the Administrative Agent may from time to time
reasonably request, or (iii) an Eligibility Reserve in an amount equal to all accrued and unpaid amounts owed by the Company or any of
its Subsidiaries to such third party in respect of the transit of such Inventory, or such other amount reasonably satisfactory to the
Administrative Agent, shall have been established with respect thereto;

(d)       for
which an acceptable document of title has been issued, and in each case as to which the Administrative Agent has control (as defined in
the UCC or having similar meaning in any applicable jurisdiction) over the documents of title which evidence ownership of the subject
Inventory (such as, if requested by the Administrative Agent, by the delivery of an acceptable lien waiver (unless the reserve described
in clause (c) above has been established));

(e)       is
insured against types of loss, damage, hazards, and risks, and in amounts, satisfactory to the Administrative Agent and in respect of
which the Administrative Agent has been named as additional insured or loss payee;

(f)       shall
not have been in transit for more than sixty (60) days;

(g)       is
subject to a first priority (subject to any Liens for which the reserve described in clause (c) above has been established), perfected
security interest in and Lien upon such goods in favor of the Administrative Agent; and

(h)       it
is otherwise deemed Eligible Inventory hereunder, including, without limitation, that such Inventory and documents of title with respect
thereto are subject to the reasonable satisfaction of the Administrative Agent, to a first priority (subject to any Liens for which the
reserve described in clause (c) above has been established) perfected security interest and Lien in favor of the Administrative Agent.

    	 	28	 

     

    

“Eligible Inventory”:
the Inventory of the Company or any Subsidiary Guarantor (other than any Inventory that has been consigned by the Company or such Subsidiary
Guarantor) including raw materials, work-in-process, finished goods (including tote), parts and supplies:

(a)       that
is owned solely by the Company or such Subsidiary Guarantor;

(b)       with
respect to which the Collateral Agent has a valid, perfected and enforceable first-priority Lien (subject to Customary Permitted Liens
and, to the extent a Reserve has been established in respect thereof, other Liens approved by the Administrative Agent);

(c)       with
respect to which no representation or warranty contained in any Loan Document has been breached in any material respect (unless otherwise
agreed by the Administrative Agent);

(d)       that
is not, in the Administrative Agent’s sole discretion exercised reasonably and in accordance with customary business practices for
comparable asset-based transactions, obsolete or unmerchantable (after taking into account, without duplication, slow-moving obsolete
inventory deducted from the calculation of the perpetual inventory at standard cost of such Inventory, as applicable);

(e)       with
respect to which (in respect of any Inventory labeled with a brand name or trademark and sold by the Company or any Subsidiary Guarantor
pursuant to a trademark owned by the Company or such Subsidiary Guarantor or a license granted to the Company or such Subsidiary Guarantor)
the Collateral Agent would have rights under such trademark or license pursuant to the Guarantee and Collateral Agreement or other agreement
reasonably satisfactory to the Administrative Agent to sell such Inventory in connection with a liquidation thereof;

(f)       that
is located in (or, subject to the requirements of clause (iii) of the immediately succeeding sentence below, in transit to)

(i)       the
United States, the United Kingdom and, at the Company’s option, in Puerto Rico or Canada, or

(ii)       other
jurisdictions if acceptable to the Administrative Agent, the Required Tranche A Revolving Lenders and the Required SISO Term Lenders in
their sole discretion exercised reasonably and in accordance with customary business practices for comparable asset-based transactions
(which approval, in the case of the Required Tranche A Revolving Lenders and Required SISO Term Lenders, may be given by e-mail from such
Lenders (or their counsel));

provided, however,
that, without the prior written consent of the Required Tranche A Revolving Lenders and Required SISO Term Lenders (in each case, which
consent may be by e-mail from such Lenders (or their counsel)), the aggregate amount of the Tranche A Borrowing Base and Tranche B Borrowing
Base consisting of Eligible Inventory under this clause (f)(ii) and Eligible Receivables under clause (f)(ii)
of the definition of “Eligible Receivables” attributable to such other jurisdictions, excluding, for the avoidance
of doubt, Puerto Rico and Canada, shall not exceed $60,000,000 at any time);

(g)       that
is covered by casualty insurance reasonably acceptable to the Administrative Agent; and

(h)       that
the Administrative Agent deems to be Eligible Inventory based on such credit and collateral considerations as the Administrative Agent
may, in its sole discretion exercised reasonably and

    	 	29	 

     

    

 in accordance with customary business practices for comparable asset-based transactions,
deem appropriate.

No Inventory of the Company or any Subsidiary
Guarantor shall be Eligible Inventory if such Inventory consists of:

(i)       goods
returned or rejected by customers other than goods that are undamaged or are resalable in the normal course of business;

(ii)      goods
to be returned to suppliers;

(iii)     goods
in transit, except that goods in transit that would constitute up to $15,000,000 of Eligible Inventory but for them being in transit in
the aggregate at any one time, will not be deemed ineligible if (A) they are in transit to locations within the continental United States
owned or, subject to compliance with the requirements set forth in clauses (iv)(A) and (B) below, leased by the Company or any Subsidiary
Guarantor, and (B) solely in the case of goods in transit from a location outside the continental United States, such goods constitute
Eligible In Transit Inventory; provided, however, that notwithstanding anything to the contrary contained herein, any Inventory
constituting Eligible In-Transit Inventory shall not be included in the calculation of the Tranche A Borrowing Base until the Administrative
Agent has received a customary desktop field examination (and, from and after the completion of the first such Appraisal following the
Amendment No. 8 Effective Date, an Appraisal) with respect to such Eligible In-Transit Inventory reasonably satisfactory to the Administrative
Agent and performed by an appraiser that is reasonably satisfactory to the Administrative Agent; or

(iv)       goods
located, stored, used or held at the premises of a third party unless (A) the Administrative Agent shall have received a Landlord Waiver
or Bailee’s Letter or (B) an Eligibility Reserve reasonably satisfactory to the Administrative Agent shall have been established
with respect thereto; provided, however, that no such exclusion from Eligible Inventory on the basis of this
clause (iv) shall be in effect during the first 60 days after the Closing Date (or such longer date as the Administrative
Agent may agree in its sole discretion).

“Eligible Prime
Finished Goods”: Eligible Finished Goods of the Company or any Subsidiary Guarantor (other than Eligible Special Markets
Inventory and Eligible Tote Stores Inventory) that are not discontinued, damaged or returned and unsuitable for sale to the Company’s
or such Subsidiary Guarantor’s primary retail customers.

“Eligible Raw
Materials”: the Eligible Inventory of the Company or any Subsidiary Guarantor (other than Eligible Bulk Inventory) that
is classified, consistent with past practice, on the Company’s or such Subsidiary Guarantor’s accounting system as “raw
materials,” “components,” “supplies” or “packaging”.

“Eligible Real
Property”: any parcel of owned Real Property in the United States owned by the Company or any Subsidiary Guarantor as to
which each of the following conditions has been satisfied at such time:

(a)       (i)
a valid and enforceable first-priority Lien on such parcel of Real Property (subject to Customary Permitted Liens and, to the extent a
Reserve has been established in respect thereof, other Liens approved by the Administrative Agent) shall have been granted by the Company
or such Subsidiary Guarantor in favor of the Collateral Agent pursuant to a Mortgage and (ii) such Lien shall be in full force and effect
in favor of the Collateral Agent at such time;

    	 	30	 

     

    

(b)       except
as otherwise permitted by the Administrative Agent, the Administrative Agent and, where applicable, the relevant title insurance company
shall have received in form and substance reasonably satisfactory to the Administrative Agent, all Mortgage Supporting Documents in respect
of such parcel;

(c)       the
Administrative Agent shall have received an Appraisal with respect to such parcel of Real Property in form and substance reasonably satisfactory
to the Administrative Agent (which shall include the requirement that such Appraisal be compliant with the Financial Institutions Reform,
Recovery and Enforcement Act of 1989) and performed by an appraiser that is reasonably satisfactory to the Administrative Agent;

(d)       no
condemnation or taking by eminent domain shall have occurred nor shall any notice of any pending or threatened condemnation or other proceeding
against such parcel of Real Property been delivered to the owner or lessee of such parcel of Real Property that would materially adversely
affect the use, operation or value of such parcel of Real Property;

(e)       the
mortgagor under the relevant Mortgage encumbering such parcel of Real Property shall comply in all material respects with the terms of
such Mortgage (taking into account any applicable grace periods provided therein); and

(f)       the
mortgagor has provided to the Administrative Agent evidence of flood hazard insurance if any portion of the improvements on the owned
Real Property is currently or at any time in the future identified by the Federal Emergency Management Agency as an area having special
flood hazards and in which flood insurance has been made available under the National Flood Insurance Act of 1968 (and any amendment or
successor act thereto) or otherwise being designated as a “special flood hazard area or part of a 100 year flood zone”, in
an amount equal to 100% of the full replacement cost of the improvements; provided, however, that a portion
of such flood hazard insurance may be obtained under the National Flood Insurance Act of 1968, the Flood Disaster Protection Act of 1973
or the National Flood Insurance Reform Act of 1994, as each may be amended.

“Eligible
Receivable”: the gross outstanding balance of each Account of the Company or any Subsidiary Guarantor arising out of
the sale of merchandise, goods or services in the ordinary course of business, that is made by the Company or such Subsidiary
Guarantor to a Person that is not an Affiliate of the Company (a “Receivable”) and that constitutes ABL
Facility First Priority Collateral in which the Collateral Agent has a valid, perfected and enforceable first priority Lien; provided, however,
that an Account shall not be an “Eligible Receivable” if any of the following shall be true:

(a)       (i)
the sale represented by such Account (other than with respect to seasonal dating or promotional sales) is to an Account Debtor and such
Account is the earlier of (x) 90 days past the original invoice date thereof and (y) 60 days past due or (ii) the sale represented by
such Account is with respect to seasonal dating or promotional sales and such Account is 120 days past the original invoice date thereof;
or

(b)       any
representation or warranty contained in this Agreement or any other Loan Document with respect to such specific Account is not true and
correct with respect to such Account in any material respect (or if qualified by materiality, in all respects) (unless otherwise agreed
by the Administrative Agent); or

(c)       the
Account Debtor on such Account has disputed liability or made any claim with respect to any other Account due from such Account Debtor
to the Company or such Subsidiary Guarantor but only to the extent of such dispute or claim; or

    	 	31	 

     

    

(d)       the
Account Debtor on such Account has (i) filed a petition for bankruptcy or any other relief under the Bankruptcy Code or any other law
relating to bankruptcy, insolvency, reorganization or relief of debtors, (ii) made an assignment for the benefit of creditors, (iii) had
filed against it any petition or other application for relief under any Debtor Relief Law, (iv) failed, suspended business operations,
become insolvent, called a general meeting of its creditors for the purpose of obtaining any financial concession or accommodation or
(v) had or suffered a receiver or a trustee to be appointed for all or a significant portion of its assets or affairs and, in each case,
such event is continuing; or

(e)       the
Account Debtor on such Account or any of its Affiliates is also a supplier to or creditor of the Company or such Subsidiary Guarantor
unless such supplier or creditor has executed a no offset letter satisfactory to the Administrative Agent, in its sole discretion exercised
reasonably and in accordance with customary business practices for comparable asset-based transactions; or

(f)       the
sale represented by such Account is to an Account Debtor with a principal place of business located outside the United States, the United
Kingdom, or, at the Company’s option Puerto Rico or Canada, unless

(i)        the
sale is on letter of credit or acceptance terms acceptable to the Administrative Agent, in its sole discretion exercised reasonably and
in accordance with customary business practices for comparable asset-based transactions and (A) such letter of credit names the Collateral
Agent as beneficiary for the benefit of the Secured Parties or (B) the issuer of such letter of credit has consented to the assignment
of the proceeds thereof to the Collateral Agent or

(ii)       such
sale is to an Account Debtor located in another jurisdiction acceptable to the Administrative Agent, the Required Tranche A Revolving
Lenders and the Required SISO Term Lenders in their sole discretion exercised reasonably and in accordance with customary business practices
for comparable asset-based transactions (which approval, in the case of the Required Tranche A Revolving Lenders and the Required SISO
Term Lenders, may be given by e-mail from such Lenders (or their counsel));

provided, however,
that, without the prior written consent of the Required Tranche A Revolving Lenders and the Required SISO Term Lenders (in each case,
which consent may be by e-mail from such Lenders (or their counsel)), the aggregate amount of the Tranche A Borrowing Base and Tranche
B Borrowing Base consisting of Eligible Receivables under this clause (f)(ii) and Eligible Inventory under clause
(f)(ii) of the definition of “Eligible Inventory” attributable to such other jurisdictions, excluding,
for the avoidance of doubt, Canada or Puerto Rico, shall not exceed $60,000,000 at any time; or

(g)       the
sale to such Account Debtor on such Account is on a bill on hold, guaranteed sale, sale and return, sale on approval or consignment basis;
or

(h)       such
Account is subject to a Lien in favor of any Person other than the Collateral Agent for the benefit of the Secured Parties (other than
Customary Permitted Liens and, to the extent a Reserve has been established in respect thereof, other Liens approved by the Administrative
Agent); or

(i)       such
Account is subject to any deduction, offset, counterclaim, return privilege or other conditions other than volume sales discounts given
in the ordinary course of the Company’s business; provided, however, that such Account shall be ineligible
pursuant to this clause (i) only to the extent of such deduction, offset, counterclaim, return privilege or other condition;
or

    	 	32	 

     

    

(j)       the
Account Debtor on such Account is located in any State of the United States requiring the holder of such Account, as a precondition to
commencing or maintaining any action in the courts of such State either to (i) receive a certificate of authorization to do business in
such State or be in good standing in such State or (ii) file a Notice of Business Activities Report with the appropriate office or agency
of such State, in each case unless the holder of such Account has received such a certificate of authority to do business, is in good
standing or, as the case may be, has duly filed such a notice in such State; or

(k)       the
sale represented by such Account is denominated in a currency other than Dollars, Pounds, Euros, Canadian Dollars or such other currency
acceptable to the Administrative Agent in its sole discretion exercised reasonably and in accordance with customary business practices
for comparable asset-based transactions; or

(l)       such
Account is not evidenced by an invoice or other writing in form acceptable to the Administrative Agent, in its sole discretion exercised
reasonably; or

(m)       the
Company or such Subsidiary Guarantor, in order to be entitled to collect such Account, is required to perform any additional service for,
or perform or incur any additional obligation to, the Person to whom or to which it was made; or

(n)       (i)       with respect
to any Account Debtor with a corporate credit rating of A- or higher from S&P or A3 or higher from Moody’s, the total Accounts
of such Account Debtor to the Company or such Subsidiary Guarantor that would otherwise constitute Eligible Receivables but for the application
of this clause (n) represent more than 35% of the Eligible Receivables of the Company and the Subsidiary Guarantors at such
time,

(ii)       with
respect to any Account Debtor with a corporate credit rating lower than A- but BBB- or higher from S&P or lower than A3 but Baa3 or
higher from Moody’s, the total Accounts of such Account Debtor to the Company or such Subsidiary Guarantor that would otherwise
constitute Eligible Receivables but for the application of this clause (n) represent more than 25% of the Eligible Receivables
of the Company and the Subsidiary Guarantors at such time or

(iii)        with
respect to any Account Debtor with a corporate credit rating lower than BBB- or no rating from S&P or lower than Baa3 or no rating
from Moody’s, the total Accounts of such Account Debtor to the Company or such Subsidiary Guarantor that would otherwise constitute
Eligible Receivables but for the application of this clause (n) represent more than 15% of the Eligible Receivables of the
Company and the Subsidiary Guarantors at such time, but in each case, only to the extent of such excess;

provided,
however, that (A) at the sole discretion of the Administrative Agent exercised reasonably and in accordance with customary
business practices for comparable asset-based transactions, the total Accounts of CVS Caremark Corporation, collectively, as Account Debtors
to the Company or any Subsidiary Guarantor that would otherwise constitute Eligible Receivables but for the application of this clause
(n) may represent up to, but not to exceed, 30% of the Eligible Receivables of the Company and the Subsidiary Guarantors at such
time, (B) for purposes of this clause (n), any parent entity of an Account Debtor may satisfy the corporate credit rating
conditions in respect of such Account Debtor; provided that if both an Account Debtor and the parent of an Account Debtor
have corporate credit ratings, the corporate credit rating of the Account Debtor shall govern and (C) in the event of any change to an
applicable corporate credit rating scale after the Closing Date, each reference in this clause (n) to a

    	 	33	 

     

    

 corporate credit
rating shall be adjusted to the corporate rating under such changed corporate credit rating scale that is equivalent to such corporate
credit rating referred to in this clause (n) as of the Closing Date (for the avoidance of doubt, corporate credit ratings
of an Account Debtor shall be determined on the applicable date of determination); or

(o)       the
Administrative Agent, in accordance with its customary criteria, determines, in its sole discretion exercised reasonably and in accordance
with customary business practices for comparable asset-based transactions, deem appropriate, that such Account might not be paid or is
otherwise ineligible.

(p)       more
than fifty percent (50%) of the aggregate balance of all Accounts owing from the Account Debtor obligated on the Account are ineligible
under subclause (a) above (in which case all Accounts from such Account Debtor shall be ineligible).

“Eligible Special
Markets Inventory”: Eligible Finished Goods of the Company or any Subsidiary Guarantor consisting of finished goods for
“Special Markets,” as defined in Exhibit Q.

“Eligible Tote
Stores Inventory”: Eligible Finished Goods of the Company or any Subsidiary Guarantor consisting of “Tote Stores,”
as defined in Exhibit Q.

“Eligible Work-in-Process
Inventory”: a class of Eligible Inventory consisting of the Eligible Inventory of the Company or any Subsidiary Guarantor
that is classified, consistent with past practice, on the Company’s or such Subsidiary Guarantor’s accounting system as “work-in-process”.

“Entitlement
Holder” as defined in the UCC.

“Entitlement
Order” as defined in the UCC.

“Environmental
Laws”: any and all laws, rules, orders, regulations, statutes, ordinances, codes or decrees (including principles of common
law) of any international authority, foreign government, the United States, or any state, provincial, local, municipal or other Governmental
Authority, regulating, relating to or imposing liability or standards of conduct concerning pollution, the preservation or protection
of the environment, natural resources or human health and safety (as related to Releases of or exposure to Materials of Environmental
Concern), as have been, are now, or at any time hereafter are, in effect.

“Environmental
Liability”: any liability, claim, action, suit, judgment or order under or relating to any Environmental Law for any damages,
injunctive relief, losses, fines, penalties, fees, expenses (including reasonable fees and expenses of attorneys and consultants) or costs,
whether contingent or otherwise, to the extent arising from or relating to: (a) non-compliance with any Environmental Law or any permit,
license or other approval required thereunder, (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, (e) any investigation, remediation, removal, clean-up or monitoring required under Environmental Laws
or required by a Governmental Authority (including without limitation Governmental Authority oversight costs that the party conducting
the investigation, remediation, removal, clean-up or monitoring is required to reimburse) or (f) any contract, agreement or other consensual
arrangement pursuant to which any Environmental Liability under clause (a) through (e) above is assumed or
imposed.

“Equipment”:
as defined in the UCC.

    	 	34	 

     

    

“Equity Issuance”:
any issuance by the Borrower or any Restricted Subsidiary of its Capital Stock in a public or private offering.

“ERISA”:
the Employee Retirement Income Security Act of 1974, as amended from time to time.

“Erroneous
Payment” has the meaning assigned to it in Section 9.14(a).

“Erroneous
Payment Notice” has the meaning assigned to it in Section 9.14(b).

“Escrow Entity”:
any direct or indirect Subsidiary of the Borrower formed solely for the purposes of issuing any bonds, notes, term loans, debentures or
other debt.

“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
Base Rate”: for any Interest Period with respect to a Eurocurrency Loan, the rate per annum equal to (i) the London Interbank
Offered Rate (the ICE Benchmark Administration Limited LIBOR Rate as published by Bloomberg or any other commercially available source
providing quotations of ICE LIBOR as designated by the Administrative Agent from time to time, “LIBOR”) or a
comparable or successor rate, which is approved by the Administrative Agent, as published on the applicable Bloomberg screen page (or
other commercially available source providing quotations of LIBOR as may be designated by the Administrative Agent from time to time (or
in the case of Local Loans which are Eurocurrency Loans in which the Revolving Lenders have not been requested to purchase a participating
interest pursuant to Section 2.32(a), the relevant Local Fronting Lender)) at approximately 11:00 a.m., London time, two
London Business Days prior to the commencement of such Interest Period, (or, with respect to Local Loans, such other time as is customary
for the relevant jurisdiction) for deposits in the relevant currency (for delivery on the first day of such Interest Period) with a term
equivalent to such Interest Period; provided that, if LIBOR shall be less than zero, such rate shall be deemed to be zero
for the purposes of this Agreement, or (ii) if such rate is not available at such time for any reason for such Interest Period (an “Impacted
Interest Period”), then the Eurocurrency Base Rate shall be the Interpolated Rate; provided that, if any Interpolated
Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.

“Eurocurrency
Loans”: Loans, Local Loans or Acceptances, as context may require, and in each case, the rate of interest applicable to
which is based upon the Eurocurrency Rate.

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

	Eurocurrency Base Rate
	1.00 - Eurocurrency Reserve Requirements

; provided, however, that the Eurocurrency
Rate shall at no time be less than, with respect to the Tranche A Revolving Facility, 0.50% (or with respect to the SISO Term Facility
and any other Facilities, 1.75%).

“Eurocurrency
Reserve Requirements”: for any day as applied to a Eurocurrency 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

    	 	35	 

     

    

 “Eurocurrency Liabilities” in Regulation D of the
Board) maintained by a member bank of the Federal Reserve System.

“Eurocurrency
Tranche”: the collective reference to Eurocurrency Loans under a particular 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 set forth therein for the giving
of notice, the lapse of time, or both, has been satisfied.

“Excess Availability”:
at any time, (a) the Maximum Availability minus (b) the aggregate Revolving Extensions of Credit then outstanding minus
(c) the aggregate principal amount of all SISO Term Loans then outstanding.

“Exchange Act”:
the Securities Exchange Act of 1934, as amended.

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

“Excluded Collateral”:
as defined in Section‎ 6.8(e); provided that the Borrower may designate in a written notice
to the Administrative Agent any asset not to constitute “Excluded Collateral”, whereupon the Borrower shall be obligated to
comply with the applicable requirements of Section 6.8 as if it were newly acquired.

“Excluded Contribution
Amount” means the aggregate amount of Net Cash Proceeds received by the Borrower from Equity Issuances (other than from
any of its Subsidiaries or from Disqualified Capital Stock) or capital contributions after the Amendment No. 4 Effective Date, minus
the aggregate amount of (i) any Investments made pursuant to Section 7.7(dd) (net of any return of capital in respect of
such Investment or deemed reduction in the amount of such Investment), (ii) [reserved] and (iii) any payments made pursuant to Section
7.8(a)(ii), in each case made during the period commencing on the Amendment No. 4 Effective Date through and including the date
of usage of such Excluded Contribution Amount in reliance thereon (without taking account of the intended usage of the Excluded Contribution
Amount as of such date), designated as an Excluded Contribution Amount pursuant to a certificate of a Responsible Officer on or promptly
after the date on which such Net Cash Proceeds are received by the Borrower, as the case may be.

“Excluded
Equity Securities”: (i) to the extent applicable law requires that any Subsidiary issue directors’ qualifying shares,
such shares or nominee or other similar shares, (ii) Capital Stock of any first-tier Foreign Subsidiary or any Foreign Subsidiary Holding
Company in excess of 66% of the voting Capital Stock of such entity, (iii) any Capital Stock of any Foreign Subsidiary that is not a
first-tier Foreign Subsidiary, (iv) any Capital Stock in joint ventures or other entities in which the Loan Parties directly own 50%
or less of the Capital Stock, (v) any Capital Stock in Unrestricted Subsidiaries, and (vi) any other Capital Stock owned on or acquired
after the Closing Date (other than Capital Stock in a wholly owned Subsidiary) in accordance with this Agreement but only in the case
of this clause (vi) if, and to the extent that, and for so long as granting a security interest or other Liens therein
would violate applicable law or regulation or a shareholder agreement or other contractual obligation (in each case, after giving effect
to Section 9-406(d), 9-407(a) or 9-408 of the Uniform Commercial Code, if and to the extent applicable, and other applicable law) binding
on such Capital Stock and not created in contemplation of such acquisition.

    	 	36	 

     

    

“Excluded Real
Property”:

(a)       any
Real Property that is subject to a Lien expressly permitted by Section 7.3(j) (solely to the extent that the Indebtedness
secured by such Lien would prohibit a Lien on such Real Property to secure the Obligations) or Section 7.3(g) (solely to
the extent securing Indebtedness under Sections 7.2(c) or 7.2(t)),

(b)       any
Real Property with respect to which, in the reasonable judgment of the Borrower and the Administrative Agent, the cost of providing a
mortgage on such Real Property in favor of the Secured Parties under the Security Documents shall be excessive in view of the benefits
to be obtained by the Lenders therefrom and

(c)       any
Real Property to the extent providing a mortgage on such Real Property would

(i)       result
in material adverse tax consequences to Holdings or the Borrower or any of its Restricted Subsidiaries as reasonably determined by the
Borrower (provided, that any such designation of Real Property as Excluded Real Property shall be subject to the prior written
consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed)),

(ii)       violate
any applicable Requirement of Law,

(iii)       be
prohibited by any applicable Contractual Obligations (other than customary non-assignment provisions which are ineffective under the Uniform
Commercial Code) to the extent such prohibition was not created in contemplation of a mortgage on such Real Property or

(iv)       give
any other party (other than a Loan Party or a wholly-owned Subsidiary) to any contract, agreement, instrument or indenture governing such
Real Property the right to terminate its obligations thereunder (other than customary non-assignment provisions which are ineffective
under the Uniform Commercial Code or other applicable law) to the extent such right was not created in contemplation of a mortgage on
such Real Property;

provided that the Borrower may
designate in a written notice to the Administrative Agent any Real Property not to constitute “Excluded Real Property”, whereupon
the Borrower shall be obligated to comply with the applicable requirements of Section 6.8 as if it were newly acquired.

“Excluded Subsidiary”:
any Subsidiary that is

(a)       an
Unrestricted Subsidiary,

(b)       not
wholly owned directly by the Borrower or one or more of its wholly owned Restricted Subsidiaries,

(c)       an
Immaterial Subsidiary,

(d)       a
Foreign Subsidiary Holding Company,

(e)       established
or created pursuant to Section 7.7(p) and meeting the requirements of the proviso thereto; provided, that
such Subsidiary shall only be an Excluded Subsidiary for the period, as contemplated by Section 7.7(p),

    	 	37	 

     

    

(f)       a
Subsidiary that is prohibited by applicable Requirement of Law from guaranteeing or granting a Lien on its assets to secure obligations
in respect of the Facilities, or which would require governmental (including regulatory) consent, approval, license or authorization to
provide a guarantee or grant any Lien unless, such consent, approval, license or authorization has been received,

(g)       a
Subsidiary that is prohibited from guaranteeing or granting a Lien on its assets to secure obligations in respect of the Facilities by
any Contractual Obligation in existence on the Closing Date (or, in the case of any newly-acquired Subsidiary, in existence at the time
of acquisition thereof but not entered into in contemplation thereof) and not created in contemplation of such guarantee, provided,
that this clause (g) shall not be applicable if (1) the other party to such Contractual Obligation is a Loan Party or a
wholly-owned Restricted Subsidiary of the Borrower or (2) consent has been obtained to provide such guarantee or such prohibition is otherwise
no longer in effect,

(h)       a
Subsidiary with respect to which a guarantee by it of, or granting a Lien on its assets to secure obligations in respect of, the Facilities
could reasonably be expected to result in material adverse tax consequences (including as a result of Section 956 of the Code or any related
provision) to Holdings or the Borrower or any of its Restricted Subsidiaries, as reasonably determined in good faith by the Borrower,

(i)       not-for-profit
subsidiaries,

(j)       any
Foreign Subsidiary or any Domestic Subsidiary of a Foreign Subsidiary,

(k)       Subsidiaries
that are special purpose entities, or

(l)       any
other Subsidiary with respect to which, in the reasonable judgment of the Administrative Agent (confirmed in writing by notice to the
Borrower), the cost or other consequences of guaranteeing or granting a Lien on its assets to secure obligations in respect of the Facilities
shall be excessive in view of the benefits to be obtained by the Secured Parties therefrom;

provided, that (x) if a Subsidiary
executes the Guarantee and Collateral Agreement as a “Guarantor,” then it shall not constitute an “Excluded Subsidiary”
(unless released from its obligations under the Guarantee and Collateral Agreement as a “Guarantor” in accordance with the
terms hereof and thereof) and (y) the Borrower may designate in a written notice to the Administrative Agent a Subsidiary not to constitute
an “Excluded Subsidiary” whereupon such Subsidiary shall be obligated to comply with the applicable requirements of Section
6.8 as if it were newly acquired.

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

    	 	38	 

     

    

“Excluded Taxes”:
any of the following Taxes imposed on or with respect to any Recipient or required to be withheld or deducted from a payment to any Recipient,
(i) net income Taxes (however denominated), net profits Taxes, franchise Taxes, and branch profits Taxes (and net worth Taxes and capital
Taxes imposed in lieu of net income Taxes), in each case, (A) imposed as a result of such Recipient being organized under the laws of,
or having its principal office or, if such Recipient is a Lender, its applicable lending office located in, the jurisdiction imposing
such Tax (or any political subdivision thereof) or (B) that are Other Connection Taxes, (ii) any U.S. federal withholding Taxes (including
backup withholding) imposed on amounts payable to or for the account of such Recipient with respect to an applicable interest in a Loan
or Commitment or this Agreement pursuant to a law in effect on the date on which (A) such Recipient becomes a party to this Agreement
(other than pursuant to an assignment request by the Borrower under Section 2.24) or (B) if such Recipient is a Lender,
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 Recipient’s assignor immediately before such Recipient became a party hereto or, if such
Recipient is a Lender, to such Lender immediately before it changed its lending office, (iii) Taxes attributable to such Recipient’s
failure to comply with paragraphs (e) or (g), as applicable, of Section 2.20 and (iv) any withholding Taxes imposed under
FATCA.

“Existing Borrower
Credit Agreements”: (a) the Third Amended and Restated Revolving Credit Agreement, dated as of June 16, 2011, among the
Borrower and certain of its foreign subsidiaries, as borrowers, the lenders party thereto and Citicorp USA, Inc., as administrative agent
and collateral agent and (b) the Third Amended and Restated Term Loan Agreement, dated as of May 19, 2011, among the Borrower, the lenders
party thereto and Citicorp USA, Inc., as administrative agent and collateral agent, in each case as amended, modified, supplemented, extended,
renewed, restated, refinanced, replaced or restructured prior to the Closing Date.

“Existing Credit
Agreements”: the Existing Borrower Credit Agreements and the Existing Target Credit Agreements.

“Existing Letters
of Credit”: Letters of Credit issued prior to, and outstanding on, the Closing Date pursuant to an Existing Credit Agreement
and set forth on Schedule 1.1C.

“Existing Notes
Financing”: collectively, the 2021 Notes and the 2024 Notes, together with any Permitted Refinancing thereof.

“Existing Revolving
Loans”: as defined in Section 2.26(a).

“Existing Revolving
Tranche”: as defined in Section 2.26(a).

“Existing
Target Credit Agreements”: (a) the Third Amended and Restated Credit Agreement, dated as of January 21, 2011, by and
among the Target, as borrower, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent and (b) the Credit
Agreement (Second Lien) dated as of June 12, 2012, between the Target, as borrower, and JPMorgan Chase Bank, N.A., as administrative
agent, in each case as amended, modified, supplemented, extended, renewed, restated, refinanced, replaced or restructured prior to
the Closing Date.

“Existing Target
Notes”: the Target’s 7.375% senior notes due 2021.

“Extended Revolving
Commitments”: as defined in Section 2.26(a).

“Extended Revolving
Tranche”: as defined in Section 2.26(a).

    	 	39	 

     

    

“Extending
Lender”: as defined in Section 2.26(b).

“Extension”:
as defined in Section 2.26(b).

“Extension
Amendment”: as defined in Section 2.26(c).

“Extension
Date”: as defined in Section 2.26(d).

“Extension
Election”: as defined in Section 2.26(b).

“Extension
Request”: as defined in Section 2.26(a).

“Extension
Series”: all Extended Revolving Commitments that are established pursuant to the same Extension Amendment (or any subsequent
Extension Amendment to the extent such Extension Amendment expressly provides that the Extended Revolving Commitments provided for therein
are intended to be part of any previously established Extension Series) and that provide for the same interest margins and amortization
schedule.

“Facility”:
each of

(a)       (i)        the Tranche
A Revolving Commitments and the extensions of credit (including Swingline Loans, Letters of Credit and Local Loans) made thereunder (the
“Tranche A Revolving Facility”),

(ii)       the
SISO Term Loans (the “SISO Term Facility”),

(b)       the
Tranche B Term Loans (the “Tranche B Term Facility”),

(c)       any
Extended Revolving Commitments (of the same Extension Series) and the extensions of credit (including Swingline Loans, Letters of Credit
and Local Loans) made thereunder (an “Extended Revolving Facility”) and

(d)       any
Refinancing Revolving Commitments of the same Tranche and the extensions of credit (including Swingline Loans, Letters of Credit and Local
Loans) made thereunder,

it being understood that, (i) as of the Closing
Date, the only Facility was the Tranche A Revolving Facility, (ii) as of the Amendment No. 5 Effective Date, the only Facilities were
the Tranche A Revolving Facility and the Tranche B Term Facility, and (iii) as of the Amendment No. 7 Amendment Date, the only Facilities
are the Tranche A Revolving Facility, the SISO Term Facility and the Tranche B Term Facility, and thereafter, the term “Facility”
may include any other Tranche of Commitments and the extensions of credit thereunder.

“Fair Market
Value”: with respect to any assets, Property (including Capital Stock) or Investment, the fair market value thereof as determined
in good faith by the Borrower.

“Fair Value”:
the amount at which the assets (both tangible and intangible), in their entirety, of the Borrower and its Subsidiaries taken as a whole
and after giving effect to the consummation of the Transactions would change hands between a willing buyer and a willing seller, within
a commercially reasonable period of time, each having reasonable knowledge of the relevant facts, with neither being under any compulsion
to act.

    	 	40	 

     

    

“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 agreements
entered into pursuant to Section 1471(b)(1) of the Code and any intergovernmental agreements (together with any law implementing such
agreements).

“Federal Funds
Effective Rate”: for any day, the weighted average of the rates on overnight federal funds transactions with members of
the Federal Reserve System arranged by federal funds brokers, 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 the Administrative Agent from three federal funds brokers of recognized standing selected by it; provided,
that if the Federal Funds Effective Rate is less than zero, it shall be deemed to be zero hereunder for all instances other than in the
definition of “ABR”.

“Fee Letter”:
the Project Rouge Fee Letter with respect to, among other facilities, the Initial Term B Facility, dated as of June 16, 2016, among the
Borrower, Citigroup Global Markets Inc., Bank of America, N.A., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Credit Suisse
AG, Cayman Islands Branch, Deutsche Bank AG New York Branch, Macquarie Capital Funding LLC and Barclays Bank PLC.

“Fee Payment
Date”: (a) (i) other than with respect to the L/C Fronting Fee and the Tranche A Commitment Fee, the last Business Day of
each March, June, September and December and (ii) with respect to the L/C Fronting Fee and the Tranche A Commitment Fee, the fifth Business
Day after the last Business Day of each March, June, September and December and (b) the last day of the applicable Revolving Commitment
Period.

“Financial
Assets”: the meaning assigned to such term in the UCC.

“Financial
Covenant Fixed Charge Coverage Ratio”: as of any date of determination, the ratio of (a) Consolidated EBITDA of the Borrower
and its Restricted Subsidiaries for the most recently ended Test Period minus Capital Expenditures paid in cash during such
period to (b) Cash Interest Expense for such Test Period plus all scheduled principal amortization payments that were paid
or payable (but without duplication) in cash during such Test Period with respect to the Indebtedness incurred pursuant to the Term Loan
Agreement and any Permitted Refinancing thereof. In the event that the Borrower or any of its Restricted Subsidiaries incurs, assumes,
guarantees, repays, repurchases, redeems, defeases or otherwise discharges any Indebtedness or issues or redeems Disqualified Capital
Stock subsequent to the commencement of the period for which the Financial Covenant Fixed Charge Coverage Ratio is being calculated and
on or prior to the date on which the event for which the calculation of the Financial Covenant Fixed Charge Coverage Ratio is being calculated,
then the Financial Covenant Fixed Charge Coverage Ratio will be calculated on a pro forma basis as if such incurrence, assumption, guarantee,
repayment, repurchase, redemption, defeasance or other discharge of Indebtedness or issuance or redemption of Disqualified Capital Stock,
and the use of the proceeds therefrom, had occurred at the beginning of the Test Period.

“Fixed Basket”:
as defined in Section 1.6.

“Fixed Basket
Item or Event”: as defined in Section 1.6.

“Fixed Charge
Coverage Ratio”: as of any date of determination, the ratio of (a) Consolidated EBITDA of the Borrower and its Restricted
Subsidiaries for the most recently ended Test Period to (b) Fixed Charges of the Borrower and its Restricted Subsidiaries for such Test
Period. In the event that the 

    	 	41	 

     

    

Borrower or any of its Restricted Subsidiaries incurs, assumes, guarantees, repays, repurchases, redeems,
defeases or otherwise discharges any Indebtedness or issues or redeems Disqualified Capital Stock subsequent to the commencement of the
period for which the Fixed Charge Coverage Ratio is being calculated and on or prior to the date on which the event for which the calculation
of the Fixed Charge Coverage Ratio is being calculated, then the Fixed Charge Coverage Ratio will be calculated on a pro forma basis as
if such incurrence, assumption, guarantee, repayment, repurchase, redemption, defeasance or other discharge of Indebtedness or issuance
or redemption of Disqualified Capital Stock, and the use of the proceeds therefrom, had occurred at the beginning of the Test Period.

“Fixed Charges”:
for any Test Period, the sum of, without duplication, (a) Consolidated Net Interest Expense and (b) the product of (x) all dividend payments
on any series of Disqualified Capital Stock of the Borrower paid, accrued or scheduled to be paid or accrued during the applicable Test
Period, times (y) a fraction, the numerator of which is one and the denominator of which is one minus the then current effective
consolidated federal, state and local tax rate of the Borrower expressed as a decimal.

“Flood Insurance
Laws”: collectively, (i) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute
thereto, (ii) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statute thereto, (iii) the
National Flood Insurance Reform Act of 1994 as now or hereafter in effect or any successor statute thereto, (iv) the Flood Insurance
Reform Act of 2004 as now or hereafter in effect or any successor statute thereto and (v) the Biggert-Waters Flood Insurance Reform Act
of 2012 as now or hereafter in effect or any successor statute thereto.

“Foreign Asset-Based
Term Facility”: that certain Asset-Based Term Loan Credit Agreement, dated as of March 2, 2021, among Revlon Finance LLC,
as the borrower, Blue Torch Finance LLC, as the administrative agent, and the other parties party thereto.

“Foreign Subsidiary”:
any Restricted Subsidiary of the Borrower that is not a Domestic Subsidiary in accordance with clause (i) of such definition
and each direct or indirect Restricted Subsidiary of another Foreign Subsidiary.

“Foreign Subsidiary
Holding Company”: any Restricted Subsidiary of the Borrower which is a Domestic Subsidiary substantially all of the assets
of which consist of the Capital Stock (or Capital Stock and Indebtedness) of one or more Foreign Subsidiaries.

“Fronting Exposure”:
as defined in Section 2.6(f).

“FTI
Reports” : as defined in Section 6.2(a).

“Funded
Debt”: with respect to any Person, (i) for purposes of the Consolidated Net First Lien Leverage Ratio and the
Consolidated Net Secured Leverage Ratio, all Indebtedness of such Person of the types described in clauses (a), (b)(i)
and (e) of the definition of “Indebtedness” or, to the extent related to Indebtedness of the types
described in the preceding clauses (but without duplication), (d) of the definition of “Indebtedness”, in
each case, to the extent reflected as indebtedness on such Person’s balance sheet and (ii) for purposes of the Consolidated
Net Total Leverage Ratio, all Indebtedness of such Person of the types described in clauses (a), (b)(i), (e), (g)(ii), (h) or,
to the extent related to Indebtedness of the types described in the preceding clauses (but without duplication), (d) of
the definition of “Indebtedness”, in each case, to the extent reflected as indebtedness on such Person’s balance
sheet.

“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 

    	 	42	 

     

    

written notice to the Borrower and the Lenders, or with respect to Local Fronting
Lenders, the funding office thereof, as the context requires.

“GAAP”:
generally accepted accounting principles in the United States as in effect from time to time. If at any time the SEC permits or requires
U.S.-domiciled companies subject to the reporting requirements of the Exchange Act to use IFRS in lieu of GAAP for financial reporting
purposes and the Borrower notifies the Administrative Agent that it will effect such change, without limiting Section 10.16,
effective from and after the date on which such transition from GAAP to IFRS is completed by the Borrower, references herein to GAAP shall
thereafter be construed to mean (a) for periods beginning on and after the required transition date or the date specified in such notice,
as the case may be, IFRS as in effect from time to time and (b) for prior periods, GAAP as defined in the first sentence of this definition.

“Governmental
Authority”: any nation or government, any state, province or other political subdivision thereof and any governmental entity
exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government and, as to any Lender,
any securities exchange, any self-regulatory organization (including the National Association of Insurance Commissioners) and any supranational
bodies (including the European Union and the European Central Bank).

“Guarantee”:
collectively, the guarantee made by the Guarantors under the Guarantee and Collateral Agreement in favor of the Secured Parties, together
with each other guarantee delivered pursuant to Section 6.8.

“Guarantee
and Collateral Agreement”: the ABL Guarantee and Collateral Agreement, dated as of September 7, 2016, among the Borrower,
each Subsidiary Guarantor from time to time party thereto and the Collateral Agent, substantially in the form of Exhibit A, as
the same may be amended, supplemented, waived or otherwise modified from time to time.

“Guarantee
Obligation”: as to any Person (the “guaranteeing person”), any obligation of (a) the
guaranteeing person or (b) another Person (including any bank under any letter of credit) pursuant to which the guaranteeing person
has issued a guarantee, reimbursement, counterindemnity or similar obligation, in either case guaranteeing or by which such Person
becomes contingently liable for any Indebtedness (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, equity capital or any other financial statement condition or liquidity 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, however,
that the term Guarantee Obligation shall not include endorsements of instruments for deposit or collection in
the ordinary course of business and reasonable indemnity obligations in effect on the Closing Date or entered into in connection
with any acquisition or disposition of assets or any Investment permitted under this Agreement. 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

    	 	43	 

     

    

 anticipated liability in respect thereof
(assuming such person is required to perform thereunder) as determined by such Person in good faith.

“Guarantors”:
the collective reference to Holdings, the Borrower (solely (i) for purposes of any Specified Cash Management Obligations, Specified Hedge
Agreements and Specified Additional Obligations entered into by any Subsidiary Guarantor and (ii) for purposes of the Obligations of the
Local Borrowing Subsidiaries hereunder) and the Subsidiary Guarantors.

“Hedge Agreements”:
all agreements with respect to any swap, forward, future or derivative transaction or option or similar 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,
in each case, entered into by the Borrower or any Restricted Subsidiary; provided, that no phantom stock, deferred compensation
or similar plan providing for payments only on account of services provided by current or former directors, officers, employees or consultants
of Holdings, the Borrower or any of its Subsidiaries shall be a Hedge Agreement.

“Hedge Bank”:
with respect to any Hedge Agreement entered into by the Borrower or any Subsidiary Guarantor, any Person that was the Administrative Agent,
any other Agent, a Lender, an agent under the Term Loan Documents, a lender under the Term Loan Agreement or any Affiliate of any of the
foregoing at the time such Hedge Agreement was entered into (or, if in effect on the Closing Date, any Person that becomes a Lender, a
lender under the Term Loan Agreement or an Affiliate thereof within 30 days after the Closing Date).

“Hedge Designation
Notice”: as defined in Section 9.12(b).

“Hedge Termination
Value”: in respect of any one or more Hedge Agreements, after taking into account the effect of any legally enforceable
netting agreement relating to such Hedge Agreements, (a) for any date on or after the date such Hedge Agreements have been closed out
and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced
in clause (a), the amount(s) determined as the mark-to-market value(s) for such Hedge Agreements, as determined by the counterparty
thereto in accordance with the terms thereof and in accordance with customary methods for calculating mark-to-market values under similar
arrangements by such counterparty.

“Holdings”:
as defined in the introductory paragraph of this Agreement.

“Holdings Guarantee
and Pledge Agreement”: the Holdings ABL Guarantee and Pledge Agreement, dated as of September 7, 2016, among Holdings and
the Collateral Agent, as the same may be amended, supplemented, waived or otherwise modified from time to time.

“IFRS”:
International Financial Reporting Standards and applicable accounting requirements set by the International Accounting Standards Board
or any successor thereto (or the Financial Accounting Standards Board, the Accounting Principles Board of the American Institute of Certified
Public Accountants, or any successor to either such Board, or the SEC, as the case may be), as in effect from time to time.

“Immaterial
Subsidiary”: on any date, any Restricted Subsidiary of the Borrower designated as such by the Borrower, but only to the
extent that such Restricted Subsidiary has less than 5.0% of Consolidated Total Assets and 5.0% of annual consolidated revenues of the
Borrower and its Restricted Subsidiaries as reflected on the most recent financial statements delivered pursuant to Section 6.1
prior 

    	 	44	 

     

    

to such date, or, prior to the first such delivery, the pro forma financial statements referred to in Section 5.1(o);
provided, that at no time shall all Immaterial Subsidiaries have in the aggregate Consolidated Total Assets or annual consolidated
revenues (as reflected on the most recent financial statements delivered pursuant to Section 6.1 prior to such time, or,
prior to the first such delivery, the pro forma financial statements referred to in Section 5.1(o)) in excess of 7.5% of
Consolidated Total Assets or 5.0% of annual consolidated revenues, respectively, of the Borrower and its Restricted Subsidiaries.

“Impacted Interest
Period”: as defined in the definition of “Eurocurrency Base Rate”.

“Indebtedness”
of any Person: without duplication, (a) all indebtedness of such Person for borrowed money, (b) all obligations of such Person evidenced
by (i) bonds (excluding surety bonds), debentures, notes or similar instruments, and (ii) surety bonds, (c) all obligations of such Person
for the deferred purchase price of Property or services already received, (d) all Guarantee Obligations by such Person of Indebtedness
of others, (e) all Capital Lease Obligations of such Person, (f) [reserved], (g) the principal component of all obligations, contingent
or otherwise, of such Person (i) as an account party in respect of letters of credit (other than any letters of credit, bank guarantees
or similar instrument in respect of which a back-to-back letter of credit has been issued under or permitted by this Agreement) and (ii)
in respect of bankers’ acceptances and (h) all obligations of such Person to purchase, redeem, retire, defease or otherwise
make any payment in respect of any Disqualified Capital Stock of such Person or any other Person, valued, in the case of a redeemable
preferred interest, at the greater of its voluntary or involuntary liquidation preference plus accrued and unpaid dividends;
provided, that Indebtedness shall not include (A) trade and other payables, accrued expenses and liabilities and intercompany
liabilities arising in the ordinary course of business, (B) prepaid or deferred revenue arising in the ordinary course of business, (C)
purchase price holdbacks arising in the ordinary course of business in respect of a portion of the purchase price of an asset to satisfy
unperformed obligations of the seller of such asset, (D) earn-out and other contingent obligations until such obligations become a liability
on the balance sheet of such Person in accordance with GAAP and (E) obligations owing under any Hedge Agreements or in respect of Cash
Management Obligations. The Indebtedness of any Person shall include the Indebtedness of any partnership in which such Person is a general
partner, other than to the extent that the instrument or agreement evidencing such Indebtedness expressly limits the liability of such
Person in respect thereof (or provides for reimbursement to such Person).

“Indebtedness
for Borrowed Money”: (a) to the extent the following would be reflected on a consolidated balance sheet of the Borrower
and its Restricted Subsidiaries prepared in accordance with GAAP, the principal amount of all Indebtedness of the Borrower and its Restricted
Subsidiaries with respect to (i) borrowed money, evidenced by debt securities, debentures, acceptances, notes or other similar instruments
and (ii) Capital Lease Obligations, (b) reimbursement obligations for letters of credit and financial guarantees (without duplication)
(other than ordinary course of business contingent reimbursement obligations) and (c) Hedge Agreements; provided, that the
Obligations shall not constitute Indebtedness for Borrowed Money.

“Indemnified
Liabilities”: as defined in Section 10.5.

“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 or Local Borrowing Subsidiary under any Loan Document and (b) to the extent not otherwise described
in the immediately preceding clause (a), Other Taxes.

“Indemnitee”:
as defined in Section 10.5.

“Initial Term
B Loans”: as defined in the Term Loan Agreement.

    	 	45	 

     

    

“Insolvency”:
with respect to any Multiemployer Plan, the condition that such Plan is insolvent within the meaning of Section 4245 of ERISA.

“Insolvent”:
pertaining to a condition of Insolvency.

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

“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, domain names, patents,
patent licenses, trademarks, trademark licenses, trade names, 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.

“Intercreditor
Agreements”: collectively, the ABL Intercreditor Agreement and any Junior Intercreditor Agreement.

“Interest Payment
Date”:

(a)       as
to any ABR Loan (other than a Swingline Loan), the last Business Day of each March, June, September and December to occur while such Loan
is outstanding and the final maturity date of such Loan;

(b)       as
to any Local Rate Loan and Eurocurrency Loan having an Interest Period of three months or less, the last day of such Interest Period;

(c)       as
to any Local Rate Loan and Eurocurrency Loan having an Interest Period longer than three months, each day that is three months or a whole
multiple thereof after the first day of such Interest Period and the last day of such Interest Period;

(d)       as
to any Local Rate Loan which does not have an Interest Period, the last day of each calendar month, commencing on the first of such days
to occur after such Local Rate Loan is made or Eurocurrency Loans are converted to Local Rate Loans;

(e)       as
to any Acceptance, the last Business Day of the calendar week in which such Acceptance matures (or such earlier date the relevant Local
Fronting Lender may elect); and

(f)       as
to any Loan (other than any Loan that is an ABR Loan but, for the avoidance of doubt, including any Swingline Loan in accordance with
Section ý2.8(a)), the date of any repayment or prepayment made
in respect thereof.

“Interest Period”:
as to any Eurocurrency Loan or (to the extent customary with respect to loans in the relevant Permitted Foreign Currency) any Local Rate
Loan,

(a)       initially,
the period commencing on the borrowing or conversion date, as the case may be, with respect to such Eurocurrency Loan or Local Rate
Loan, as applicable, and ending one, three or six months (or such other period acceptable to all such Lenders) thereafter, as
selected by the Borrower in its notice of borrowing or notice of continuation or conversion, as the case may be, given with respect
thereto; and

    	 	46	 

     

    

(b)       thereafter,
each period commencing on the last day of the next preceding Interest Period applicable to such Eurocurrency Loan and ending one, three
or six months (or such other period acceptable to all such Lenders) thereafter, as selected by the Borrower by irrevocable notice to the
Administrative Agent not later than 1:00 p.m., New York City time, on the date that is three 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;

(ii)       any
Interest Period that would otherwise extend beyond the scheduled Revolving Termination Date with respect to the applicable Tranche of
Loans shall end on such Revolving Termination Date; and

(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.

“Interpolated
Rate”: at any time, for any Interest Period, the rate per annum (rounded to the same number of decimal places as LIBOR)
determined by the Administrative Agent (which determination shall be conclusive and binding absent manifest error) to be equal to the
rate that results from interpolating on a linear basis between (a) LIBOR for the longest period (for which LIBOR is available) that is
shorter than the Impacted Interest Period and (b) LIBOR for the shortest period (for which LIBOR is available) that exceeds the Impacted
Interest Period, in each case, at such time.

“Inventory”:
as defined in the UCC.

“Investments”:
as defined in Section 7.7.

“IRS”:
the United States Internal Revenue Service.

“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, Inc. (or such later version thereof as may be in effect at the time of issuance).

“Issuing Lenders”:
after the Amendment No. 8 Effective Date, any Revolving Lender from time to time designated by the Borrower, in its sole discretion, as
an Issuing Lender with the consent of the Administrative Agent in accordance with Section ý3.11.
As of the Amendment No. 8 Effective Date, there are no Issuing Lenders.

“Junior Financing”:
as defined in Section 7.8.

“Junior Financing
Documentation”: any documentation governing any Junior Financing.

    	 	47	 

     

    

“Junior Intercreditor
Agreement”: an intercreditor agreement in respect of Indebtedness intended to be secured by some or all of the Collateral
on a junior priority basis with the Obligations, the terms of which are consistent with market terms governing security arrangements for
the sharing of liens on a junior basis at the time such intercreditor agreement is proposed to be established in light of the type of
Indebtedness to be secured by such liens, as determined in good faith by the Borrower and the Administrative Agent.

“L/C Commitment”:
the agreement of each Issuing Lender (in each case, in its sole discretion) to issue Letters of Credit pursuant to Section ý3.1
in (a) an aggregate face amount not to exceed the applicable Revolving Commitments as the Administrative Agent and the applicable Issuing
Lender may agree and (b) with respect to each Issuing Lender, subject to the foregoing clause (a), an amount as may be agreed by such
Issuing Lender in its sole discretion. Notwithstanding anything to the contrary contained herein, as of the Amendment No. 8 Effective
Date, the L/C Commitment shall be zero.

“L/C Disbursements”:
as defined in Section 3.4(a).

“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
principal amount of all L/C Disbursements that have not yet been reimbursed at such time.

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

“L/C Fronting
Fee Rate”: 0.125% per annum or such other amount as the Borrower and the applicable Issuing Lender may agree, which amount
shall not be greater than 0.250% unless consented to by the Required Lenders and the Required SISO Term Lenders.

“L/C Obligations”:
at any time, an amount equal to the sum of (a) the Dollar Equivalent of the aggregate then undrawn and unexpired face amount of the then
outstanding Letters of Credit (to the extent not Cash Collateralized) and (b) the Dollar Equivalent of the aggregate amount of drawings
under Letters of Credit that have not then been reimbursed. The L/C Obligations of any Tranche A Revolving Lender at any time shall be
its Tranche A Revolving Percentage of the total L/C Obligations at such time. For purposes of computing the amount available to be drawn
under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.5. For
all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be
drawn thereunder by reason of the operation of Rule 3.14 of the ISP, upon notice from the Administrative Agent to the Borrower such Letter
of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.

“L/C Participants”:
the collective reference to all the Tranche A Revolving Lenders other than the applicable Issuing Lender and, for purposes of Section
3.4(d), the collective reference to all Tranche A Revolving Lenders.

“L/C Shortfall”:
as defined in Section 3.4(d).

“Landlord
Waiver”: a letter in form and substance reasonably acceptable to the Administrative Agent and executed by a landlord
in respect of Inventory or Equipment of the Company or any Subsidiary Guarantor located at any leased premises of the Company or
such Subsidiary Guarantor pursuant to which such landlord, among other things, waives or subordinates on terms and conditions
reasonably acceptable to the Administrative Agent any Lien such landlord may have in respect of such Inventory or Equipment.

    	 	48	 

     

    

“Latest Maturity
Date”: at any date of determination, the latest maturity date or termination date applicable to any Loan or Commitment hereunder
at such time.

“LCA Election”:
as defined in Section 1.2(h).

“LCA Test Date”:
as defined in Section 1.2(h).

“Lead Arranger”:
Citigroup Global Markets Inc.

“Lenders”:
the Revolving Lenders, the SISO Term Lenders, the Tranche B Term Lenders and Local Fronting Lenders and, unless the context otherwise
requires, the Swingline Lender and with respect to Letters of Credit issued thereby and unless context requires, each Issuing Lender.
On and after the Amendment No. 8 Effective Date, there are no Local Fronting Lenders. As of the Amendment No. 8 Effective Date, there
are no Issuing Lenders.

“Letter of
Credit”: a letter of credit issued hereunder by an Issuing Lender under the Tranche A Revolving Commitments providing for
the payment of cash upon the honoring of a presentation thereunder and shall include the Existing Letters of Credit. A Letter of Credit
may be a commercial letter of credit or a standby letter of credit. Letters of Credit may be issued in Dollars or in a Permitted Foreign
Currency. As of the Amendment No. 8 Effective Date, there are no Letters of Credit issued under this Agreement.

“Liabilities”:
the recorded liabilities (including contingent liabilities that would be recorded in accordance with GAAP) of the Borrower and its Subsidiaries
taken as a whole, as of the date hereof after giving effect to the consummation of the Transactions determined in accordance with GAAP
consistently applied.

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

“Lien”:
any mortgage, pledge, hypothecation, collateral assignment, encumbrance, lien (statutory or other), charge or other security interest
or any other security agreement 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, including by way of merger, amalgamation or consolidation, by one or more of the Borrower
and its Restricted Subsidiaries of any assets, business or Person permitted by this Agreement whose consummation is not conditioned on
the availability of, or on obtaining, third party acquisition financing and which is designated as a Limited Condition Acquisition by
the Borrower or such Restricted Subsidiary in writing to the Administrative Agent and Lenders.

“Limited Condition
Acquisition Provision”: as defined in Section 1.2(h).

“Liquidity
Event Period”: any period after the delivery of the first Borrowing Base Certificate pursuant to Section 6.2(g)

(a)       beginning
on the first date on which Excess Availability is less than $27,500,000, and

(b)       ending
on the first date on which Excess Availability shall have been equal to or greater than the greater of $27,500,000 for 30 consecutive
Business Days.

    	 	49	 

     

    

“Loan”:
any loan or advances made by any Lender pursuant to this Agreement, including Revolving Loans, SISO Term Loans, Tranche B Term Loans,
Swingline Loans, Local Loans, Acceptances and Protective Advances.

“Loan Documents”:
the collective reference to this Agreement, the Intercreditor Agreements, the Security Documents and the Notes (if any), together with
any amendment, supplement, waiver, or other modification to any of the foregoing.

“Loan Parties”:
the Borrower and each Subsidiary Guarantor.

“Local Borrower”:
the Company or a Local Borrowing Subsidiary, as the context shall require (and collectively, the “Local Borrowers”).

“Local Borrowing
Subsidiary”: each Restricted Subsidiary of the Company set forth as such on Schedule 2.4(b) hereto (as such
Schedule 2.4(b) may be or may be deemed to be amended, supplemented or otherwise modified from time to time) and each other
Restricted Subsidiary of the Company which is designated as a “Local Borrowing Subsidiary” in accordance with the provisions
of Section 2.27; provided, however, that, in each case in which there is more than one Restricted
Subsidiary of the Company listed for any jurisdiction on Schedule 2.4(b), the term “Local Borrowing Subsidiary”
shall be the collective reference to such Subsidiaries. On and after the Amendment No. 8 Effective Date, there are no Local Borrowing
Subsidiaries.

“Local Borrowing
Subsidiary Joinder Agreement”: a Local Borrowing Subsidiary Joinder Agreement, substantially in the form of Exhibit N-1,
executed and delivered by a duly authorized officer of each Subsidiary of the Company which has been designated as a “Local Borrowing
Subsidiary” pursuant to Section 2.27.

“Local Fronting
Lender”: with respect to a particular jurisdiction listed on Schedule 2.4(b) (as such Schedule 2.4(b)
may be, or may be deemed to be, amended, supplemented or otherwise modified from time to time), the affiliate of the Administrative Agent
from time to time set forth opposite such jurisdiction thereon or, if no affiliate of the Administrative Agent accepts such designation
with respect to a particular jurisdiction or if an affiliate of the Administrative Agent resigns or is removed as the Local Fronting Lender
with respect to a particular jurisdiction, such Lender or its affiliate designated by the Company and with the prior written consent of
the Administrative Agent. On and after the Amendment No. 8 Effective Date, there is not a Local Fronting Lender.

“Local Fronting
Lender Joinder Agreement”: a Local Fronting Lender Joinder Agreement, substantially in the form of Exhibit N-2.

“Local Loan”
and “Local Loans”: as defined in Section 2.4(b); provided, however,
that the term “Local Loans” shall, to the extent utilized directly or indirectly in the Security Documents, be deemed to include
any Acceptances outstanding under this Agreement. On and after the Amendment No. 8 Effective Date, there are no Local Loans outstanding.

“Local Outstandings”:
at any date with respect to any Local Fronting Lender, the sum of (a) the aggregate principal amount then outstanding of Local Loans made
by such Local Fronting Lender in Dollars, (b) the Dollar Equivalent of 105% of the aggregate principal amount then outstanding of Local
Loans made by such Local Fronting Lender in the relevant Permitted Foreign Currency and (c) the Dollar Equivalent of 105% of the aggregate
undiscounted face amount then outstanding of the Acceptances created by such Local Fronting Lender.

    	 	50	 

     

    

“Local Rate”:
with respect to:

(a)       any
Local Loan in a Permitted Foreign Currency, the rate of interest from time to time publicly announced by the relevant Local Fronting Lender
as its base rate (or its equivalent thereof) for loans denominated in such Permitted Foreign Currency at the principal lending office
of such Local Fronting Lender in the local jurisdiction for such Permitted Foreign Currency (or such other rate as may be mutually agreed
between the relevant Borrower and such Local Fronting Lender as reflecting the Cost of Funds to such Local Fronting Lender for the Local
Loans to which such rate is applicable); provided, however, that, with respect to any Local Loans advanced
by way of overdrafts, the “Local Rate” shall be the rate from time to time agreed upon between the relevant Local Borrower
and the relevant Local Fronting Lender; and

(b)       any
Acceptance, the rate from time to time agreed upon between the relevant Local Borrower and the relevant Local Fronting Lender.

“Local Rate
Loan”: each Local Loan hereunder at such time as it is made and/or being maintained at a rate of interest based upon the
Local Rate for the relevant Permitted Foreign Currency; provided, however, that (other than any Local Loans
made on the Closing Date) no Local Loan shall be made or maintained as a Local Rate Loan unless either (a) the Local Fronting Lender with
respect thereto so agrees (in its sole discretion) or (b) the right of the relevant Borrower to obtain Eurocurrency Loans has been suspended
pursuant to Sections 2.17, 2.29 or 2.22. On and after the Amendment No. 8 Effective Date, there
are no Local Rate Loans outstanding.

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

“Mafco”:
MacAndrews & Forbes Incorporated and its successors.

“Majority Facility
Lenders”: with respect to any Facility at any time, the holders of more than 50% of the unused Commitments then in effect
under such Facility and the aggregate Revolving Extensions of Credit or the aggregate Loans outstanding, as applicable, under such Facility
at such time; provided, however, that determinations of the “Majority Facility Lenders” shall
exclude any Commitments or Loans held by Defaulting Lenders.

“Material Adverse
Effect”: a material adverse effect on (a) the business, operations, assets, financial condition or results of operations
of the Borrower and its Restricted Subsidiaries, taken as a whole, or (b) the material rights and remedies available to the Administrative
Agent, any Local Fronting Lender and the Lenders, taken as a whole, or on the ability of the Loan Parties, taken as a whole, to perform
their payment obligations to the Lenders, in each case, under the Loan Documents.

“Material Real
Property”: any Real Property located in the United States and owned in fee by the Borrower or any Subsidiary Guarantor on
the Closing Date having an estimated Fair Market Value exceeding $10,000,000 and any after-acquired Real Property located in the United
States owned by a Loan Party having a gross purchase price exceeding $10,000,000 at the time of acquisition.

“Materials
of Environmental Concern”: any gasoline or petroleum (including crude oil or any fraction thereof) or petroleum products,
polychlorinated biphenyls, urea-formaldehyde insulation, asbestos, pollutants, contaminants, radioactivity and any other substances that
are defined, listed or regulated as hazardous, toxic (or words of similar regulatory intent or meaning) under any Environmental Law, or
that are regulated pursuant to Environmental Law or which may give rise to any Environmental Liability.

    	 	51	 

     

    

“Maximum Availability”:
at any time,

(a)       the
lesser of (i) the aggregate Tranche A Revolving Commitments plus the aggregate principal amount of the SISO Term Loans, in each case,
in effect at such time and (ii) the Tranche A Borrowing Base at such time (based on the Borrowing Base Certificate most recently delivered
to the Administrative Agent pursuant to Section 6.2(g), after giving effect to any Eligibility Reserve, Specified Reserve,
Push Down Reserve or Dilution Reserve in effect at such time (if any), whether or not reflected on such Borrowing Base Certificate but
without duplication) minus

(b)       the
aggregate amount of any Availability Reserves in respect of the Borrowing Base in effect at such time.

“Maximum
Revolving Availability”: at any time, 

(a)       the
lesser of (i) the aggregate Tranche A Revolving Commitments in effect at such time and (ii) the Tranche A Revolving Borrowing Base at
such time (based on the Borrowing Base Certificate most recently delivered to the Administrative Agent pursuant to Section
6.2(g), after giving effect to any Eligibility Reserve, Specified Reserve, Push Down Reserve or Dilution Reserve
in effect at such time (if any), whether or not reflected on such Borrowing Base Certificate but without duplication) minus

(b)       the
aggregate amount of any Availability Reserves in respect of the Borrowing Base in effect at such time.

“Maximum Rate”:
as defined in Section 10.20.

“Maximum Sublimit”
of any Local Fronting Lender shall mean the amount of Dollars set forth opposite the name of such Local Fronting Lender under the heading
“Maximum Sublimit” on Schedule 2.4(b) (as such Schedule 2.4(b) may be or may be deemed to be, amended,
supplemented or otherwise modified from time to time).

“Merger”:
the merger of RR Transaction Corp. with and into the Target pursuant to, and as contemplated by, the Merger Agreement.

“Merger Agreement”:
the Agreement and Plan of Merger, dated as of June 16, 2016, by and among, Holdings, RR Transaction Corp., the Borrower and the Target.

“Minimum Extension
Condition”: as defined in Section 2.26(g).

“MIRE Event”:
at any time after the Amendment No. 1 Effective Date, if there are any Mortgaged Properties at such time included in the Borrowing Base,
any increase, extension of the maturity, refinancing, modification or renewal of any of the Commitments or Loans (including an Extension
Amendment, but excluding for the avoidance of doubt (a) any continuation or conversion of borrowings, (b) the making of any Loan, (c)
the issuance, creation, renewal or extension of Letters of Credit or Acceptances, as applicable, (d) any reduction or termination of the
Commitments or (e) any other amendment).

“Moody’s”:
Moody’s Investors Service, Inc. or any successor to the rating agency business thereof.

“Mortgage”:
any mortgage, deed of trust, hypothec, assignment of leases and rents or other similar document delivered on or after the Closing Date
in favor of, or for the benefit of, the Collateral 

    	 	52	 

     

    

Agent for the benefit of the Secured
Parties, with respect to Mortgaged Properties, each substantially in the form of Exhibit M or otherwise in form and substance
reasonably acceptable to the Administrative Agent and the Borrower (taking into account the law of the jurisdiction in which such
mortgage, deed of trust, hypothec or similar document is to be recorded), as the same may be amended, restated, amended and
restated, supplemented or otherwise modified from time to time.

“Mortgage Supporting
Documents”: with respect to a Mortgage for a parcel of Real Property, each of the documents required to be delivered pursuant
to Section 6.8(b)(ii) and (iii) with respect to such Mortgage.

“Mortgage Value”:
with respect to any parcel of Eligible Real Property, the Dollar Equivalent of the value of such parcel of Eligible Real Property set
forth in the most recent Appraisal delivered with respect thereto to the Administrative Agent on an “as is” basis.

“Mortgaged
Properties”: all Material Real Property owned by the Borrower or any Subsidiary Guarantor that is, or is required to be,
subject to a Mortgage pursuant to the terms of this Agreement.

“Mortgagee’s
Title Insurance Policy”: as defined in the definition of Mortgage Supporting Documents.

“Multiemployer
Plan”: a Plan that is a multiemployer plan as defined in Section 4001(a)(3) of ERISA.

“Net Cash Proceeds”:
in connection with any Equity Issuance or issuance or sale of debt securities or instruments or the incurrence of Indebtedness, the cash
proceeds received from such issuance or incurrence, net of attorneys’ fees, investment banking fees, accountants’ fees, consulting
fees, underwriting discounts and commissions and other customary fees and expenses actually incurred in connection therewith.

“Net Orderly
Liquidation Percentage”:

(i)        (A)
as used to calculate the Tranche A Borrowing Base in effect at any time during the period, from and including July 1 through and including
September 30 of any calendar year, 90% (or solely during the Accommodation
Period, 97.5%) and (B) as used to calculate the Tranche A Borrowing Base in effect at any other time, 87.5% (or
solely during the Accommodation Period, 95.0%), and

(ii)        (A)
as used to calculate the Tranche B Borrowing Base in effect at any time during the period from and including July 1 through and including
September 30 of any calendar year, 10% and (B) as used to calculate the Tranche B Borrowing Base in effect at any other time, 12.5%,

in each case, of the net orderly liquidation
value of such Eligible Inventory as to which such percentage applies to as a percentage of cost specified for such class of Eligible Inventory
in the most recent Appraisal of such class of Inventory of the applicable Loan Party.

“Net Orderly
Liquidation Value”: with regard to any Eligible Equipment, the net orderly liquidation value of such Eligible Equipment,
as determined by reference to the most recent Appraisal of such Equipment of the applicable Loan Party.

“New Subsidiary”:
as defined in Section 7.2(t).

“Non-Defaulting
Lender”: any Revolving Lender other than a Defaulting Lender.

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“Non-Excluded
Subsidiary”: any Subsidiary of the Borrower which is not an Excluded Subsidiary.

“Non-Extending
Lender”: as defined in Section 2.26(e).

“Non-Guarantor
Subsidiary”: any Subsidiary of the Borrower which is not a Subsidiary Guarantor.

“Non-Hardwired
Currencies” means all Permitted Foreign Currencies, excluding for the avoidance of doubt, Dollars.

“Non-Recourse
Debt”: Indebtedness (a) with respect to which no default would permit (upon notice, lapse of time or both) any holder of
any other Indebtedness of the Borrower or any of its Restricted Subsidiaries the outstanding principal amount of which individually exceeds
$25,000,000 to declare a default on such other Indebtedness or cause the payment thereof to be accelerated or payable prior to its stated
maturity and (b) as to which the lenders or holders thereof will not have any recourse to the capital stock or assets of the Borrower
or any of its Restricted Subsidiaries.

“Non-US Guarantor”:
any Guarantor not organized under the laws of any jurisdiction within the United States.

“Non-US Lender”:
as defined in Section 2.20(e).

“Not Otherwise
Applied”: with reference to any proceeds of any transaction or event that is proposed to be applied to a particular use
or transaction, that such amount (a) was not required to prepay Loans pursuant to Section 2.12 and (b) has not previously
been (and is not simultaneously being) applied to anything other than such particular use or transaction.

“Note”:
any promissory note evidencing any Loan, which promissory note shall be in the form of Exhibit J, or such other form as agreed
upon by the Administrative Agent and the Borrower.

“Obligations”:
the unpaid principal of and interest on (including interest accruing after the maturity of the Loans and Reimbursement Obligations and
interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding,
relating to the Borrower or any Local Borrowing Subsidiary, whether or not a claim for post-filing or post-petition interest is allowed
or allowable in such proceeding) the Loans, the Reimbursement Obligations and all other obligations and liabilities of the Borrowers to
the Administrative Agent, the Collateral Agent or to any Lender, whether direct or indirect, absolute or contingent, due or to become
due, or now existing or hereafter incurred, in each case, which may arise under, out of, or in connection with, this Agreement, any other
Loan Document, the Letters of Credit or any other document made, delivered or given in connection herewith or therewith, whether on account
of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses (including all fees, charges and disbursements of
counsel to the Administrative Agent or any Lender that are required to be paid by the Borrower pursuant hereto) or otherwise; provided,
that the “Obligations” shall exclude any obligations in respect of any Specified Hedge Agreement, any Specified Cash Management
Obligations and any Specified Additional Obligations.

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

“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 

    	 	54	 

     

    

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”:
any and all present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies arising from
any payment made hereunder or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other
Loan Document.

“Parent Company”:
any direct or indirect parent of Holdings.

“Pari Passu
Intercreditor Agreement”: the First Lien Pari Passu Intercreditor Agreement, dated as of the Amendment No. 4 Effective Date,
among Citibank, N.A., the administrative agent and collateral agent under the Term Loan Agreement and Jefferies Finance LLC, as administrative
agent and collateral agent under the BrandCo Credit Agreement.

“Pari Passu
Distribution Additional Obligations”: as defined in Section 9.12(c).

“Pari Passu
Distribution Hedge Obligations”: as defined in Section 9.12(b).

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

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

“PBGC”:
the Pension Benefit Guaranty Corporation established pursuant to Subtitle A of Title IV of ERISA (or any successor).

“Permitted
Acquisition”:

(a)       any
acquisition or other Investment approved by the Required Lenders,

(b)       any
acquisition or other Investment made solely with the Net Cash Proceeds of any substantially concurrent Equity Issuance or capital contribution
(other than Disqualified Capital Stock) and such Equity Issuance or capital contribution is Not Otherwise Applied or

(c)       any
acquisition, in a single transaction or a series of related transactions, of a majority controlling interest in the Capital Stock, or
all or substantially all of the assets, of any Person, or of all or substantially all of the assets constituting a division, product line
or business line of any Person, in each case to the extent the applicable acquired company or assets engage in or constitute a Permitted
Business or Related Business Assets, so long as in the case of any acquisition described in this clause (c), no Event of
Default shall be continuing immediately after giving pro forma effect to such acquisition.

“Permitted
Business”: (i) the Business or (ii) any business that is a natural outgrowth or a reasonable extension, development or expansion
of any such Business or any business similar, reasonably related, incidental, complementary or ancillary to any of the foregoing.

“Permitted
Foreign Currency”: with respect to any Letters of Credit, Local Loans or Acceptances, Euros, Pounds Sterling, Japanese Yen,
Canadian Dollars, Australian Dollars, Hong Kong Dollars and any other foreign currency reasonably requested by the Borrower from time
to time by notice to the Administrative Agent, the Issuing Lender and applicable Local Fronting Lender providing such Letters of Credit,
Local Loans or Acceptances and in which an Issuing Lender or a Local Fronting 

    	 	55	 

     

    

Lender, as applicable, may, in accordance with its policies
and procedures in effect at such time, issue Letters of Credit, lend Local Loans or create or discount Acceptances, as applicable.

“Permitted
Investors”: the collective reference to (i) the Sponsor and any Affiliates of any Person included in the definition of
“Sponsor”, (but excluding any operating portfolio companies of the foregoing), (ii) the members of management of any
Parent Company, Holdings or any of its Subsidiaries that have ownership interests in any Parent Company or Holdings as of the
Closing Date, (iii) the directors of Holdings or any of its Subsidiaries or any Parent Company as of the Closing Date and (iv) the
members of any “group” (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act, or any successor
provision) of which any Person described in clause (i), (ii) or (iii) of this definition
is a member; provided that, in the case of such group and without giving effect to the existence of such group or any
other group, Persons who are either Persons described in clause (i), (ii) or (iii) of this
definition have aggregate beneficial ownership of more than 50% of the total voting power of the voting stock of the Borrower,
Holdings or any Parent Company.

“Permitted
Refinancing”: with respect to any Person, refinancings, replacements, modifications, refundings, renewals or extensions
of Indebtedness (or of a prior Permitted Refinancing of Indebtedness); provided, that any such refinancing, replacement,
modification, refunding, renewal or extension of Indebtedness effected pursuant to a clause in Section 7.2 or 7.3
in reliance on the term “Permitted Refinancing” must comply with the following conditions:

(a)       there
is no increase in the principal amount (or accreted value) thereof (except by an amount equal to accrued interest, fees, discounts, redemption
and tender premiums, penalties and expenses and by an amount equal to any existing commitment unutilized thereunder and as otherwise permitted
under the applicable clause of Section 7.2);

(b)       the
Weighted Average Life to Maturity of such Indebtedness is greater than or equal to the Weighted Average Life to Maturity of the Indebtedness
being refinanced (other than a shorter Weighted Average Life to Maturity for customary bridge financings, which, subject to customary
conditions, would either be automatically converted into or required to be exchanged for permanent financing which does not provide for
a shorter Weighted Average Life to Maturity than the Weighted Average Life to Maturity of the Indebtedness being refinanced) and such
Indebtedness shall not have a final maturity earlier than the maturity date of the Indebtedness being refinanced;

(c)       immediately
after giving effect to such refinancing, replacement, refunding, renewal or extension, no Event of Default shall be continuing;

(d)       neither
the Borrower nor any Restricted Subsidiary shall be an obligor or guarantor of any such refinancings, replacements, modifications, refundings,
renewals or extensions except to the extent that such Person was (or would have been required to be) such an obligor or guarantor in respect
of the applicable Indebtedness being modified, refinanced, replaced, refunded, renewed or extended;

(e)       any
Liens securing such Permitted Refinancing shall be limited to the assets or property that secured the Indebtedness being refinanced; provided,
that Liens in respect of assets or property granted as a result of the operation of after-acquired property clauses shall be permitted
to the extent any such assets or property secured (or would have secured) the Indebtedness the subject of the Permitted Refinancing; provided,
further, a Permitted Refinancing under Section 7.2(p) shall not be secured by any assets or property other
than Collateral subject to Section 7.3(ll);

(f)       to
the extent the Indebtedness being refinanced is subject to the ABL Intercreditor Agreement or a Junior Intercreditor Agreement, to the
extent that it is secured by the Collateral, the 

    	 	56	 

     

    

Permitted Refinancing shall be subject to the ABL Intercreditor Agreement or a Junior
Intercreditor Agreement, as applicable, on terms no less favorable to the Lenders, taken as a whole (as determined in good faith by the
Borrower); and

(g)       except
as otherwise permitted by this definition of “Permitted Refinancing”, the covenants and events of default applicable to such
Permitted Refinancing shall be not materially more restrictive, taken as a whole, to the Borrower and its Restricted Subsidiaries than
the covenants and events of default contained in customary agreements governing similar indebtedness in light of prevailing market conditions
at the time of such Permitted Refinancing (as determined in good faith by the Borrower).

“Permitted
Revolving Refinancing Obligations”: any Indebtedness (which Indebtedness shall be secured by the Collateral on a pari passu
basis with the Liens securing the Obligations) in accordance with Sections 7.2 and 7.3, in each case issued
or incurred by the Borrower or a Guarantor to refinance, extend, renew, replace, modify or refund Indebtedness and to pro rata reduce
the associated Revolving Commitments incurred under this Agreement and the Loan Documents (such Indebtedness, “Revolving Refinancing
Debt”) and to pay fees, discounts, accrued interest, premiums and expenses in connection therewith; provided,
that any such Revolving Refinancing Debt:

(a)       shall
not be guaranteed by any Person that is not a Guarantor (unless such Person becomes a Guarantor hereunder);

(b)       [reserved];

(c)       shall
not be secured (to the extent secured) by any Lien on any asset of any Loan Party that does not also secure the Obligations (unless such
asset becomes Collateral hereunder);

(d)       shall
be incurred under this Agreement (as may be amended in furtherance of Section 10.1(d) of this Agreement) with the other
Obligations; and

(e)       (i)
shall have a final maturity no earlier than the maturity date of the Indebtedness being refinanced (other than an earlier maturity date
for customary bridge financings, which, subject to customary conditions, would either be automatically converted into or required to be
exchanged for permanent financing which does not provide for an earlier maturity date than the maturity date of the Indebtedness being
refinanced) and (ii) any such Indebtedness that is a revolving credit facility shall not mature prior to the maturity date of the Revolving
Commitments being replaced.

“Permitted
SISO Refinancing Obligations”: after the occurrence of the Tranche A Revolving Discharge Date, any Indebtedness (which Indebtedness
shall be secured by the Collateral on a pari passu basis with the Liens securing the Obligations) in accordance with Sections 7.2
and 7.3, in each case issued or incurred by the Borrower or a Guarantor to refinance, extend, renew, replace, modify or
refund Indebtedness and to pro rata reduce the associated SISO Term Loans incurred under this Agreement and the Loan Documents (such Indebtedness,
“SISO Refinancing Debt”) and to pay fees, discounts, accrued interest, premiums and expenses in connection therewith;
provided, that any such SISO Refinancing Debt:

(a)       shall
not be guaranteed by any Person that is not a Guarantor (unless such Person becomes a Guarantor hereunder);

(b)       [reserved];

    	 	57	 

     

    

(c)       shall
not be secured (to the extent secured) by any Lien on any asset of any Loan Party that does not also secure the Obligations (unless such
asset becomes Collateral hereunder);

(d)       shall
be incurred under this Agreement (as may be amended in furtherance of Section 10.1(d) of this Agreement) with the other
Obligations; and

(e)       shall
have a final maturity no earlier than the maturity date of the Indebtedness being refinanced (other than an earlier maturity date for
customary bridge financings, which, subject to customary conditions, would either be automatically converted into or required to be exchanged
for permanent financing which does not provide for an earlier maturity date than the maturity date of the Indebtedness being refinanced).

For the avoidance of doubt,
no Permitted SISO Refinancing Obligations shall be permitted until the occurrence of the Tranche A Revolving Discharge Date.

“Permitted
Transferees” means, with respect to any Person that is a natural person (and any Permitted Transferee of such Person), (a)
such Person’s immediate family, including his or her spouse, ex-spouse, children, step-children and their respective lineal descendants,
(b) the estate of Ronald O. Perelman and (c) any other trust or other legal entity the primary beneficiary of which is such Person and/or
such Person’s immediate family, including his or her spouse, ex-spouse, children, stepchildren or their respective lineal descendants.

“Person”:
an individual, partnership, corporation, limited liability company, business trust, joint stock company, trust, unincorporated association,
joint venture, Governmental Authority or other entity of whatever nature.

“Plan”:
at a particular time, any employee benefit plan as defined in Section 3(3) of ERISA and in respect of which the Borrower or any of its
Restricted Subsidiaries is (or, if such plan were terminated at such time, would under Section 4069 of ERISA be deemed to be) an “employer”
as defined in Section 3(5) of ERISA, including a Multiemployer Plan.

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

“Pledged Securities”:
as defined in the Guarantee and Collateral Agreement or the Canadian Collateral Agreement, as context may require.

“Pledged Stock”:
as defined in the Guarantee and Collateral Agreement or the Canadian Collateral Agreement, as context may require.

“Post-Petition
Interest” means interest, fees, expenses and other charges that pursuant to the Loan Documents continue to accrue after
the commencement of any proceeding under any Debtor Relief Law, whether or not such interest, fees, expenses and other charges are allowed
or allowable under any Debtor Relief Law or in any such proceeding.

“PPSA”
means the Personal Property Security Act (Ontario); provided that, if perfection or the effect of perfection or non-perfection
or the priority of any security interest in any Collateral is governed by a Personal Property Security Act as in effect in a Canadian
jurisdiction other than Ontario or the Civil Code of Québec, “PPSA” means the Personal Property Security Act as in
effect from time to time in such other jurisdiction or the Civil Code of Québec, as applicable, for purposes of the provisions
hereof relating to such perfection, effect of perfection or non-perfection or priority in such Collateral.

    	 	58	 

     

    

“Present Fair
Salable Value”: the amount that could be obtained by an independent willing seller from an independent willing buyer if
the assets of the Borrower and its Subsidiaries taken as a whole and after giving effect to the consummation of the Transactions are sold
with reasonable promptness in an arm’s-length transaction under present conditions for the sale of comparable business enterprises
insofar as such conditions can be reasonably evaluated.

“Primary Administrative
Agent”: as defined in “Administrative Agent”.

“Prior Tax
Sharing Agreement”: the Tax Sharing Agreement entered into as of June 24, 1992, as amended and restated, among the Company
and certain of its Subsidiaries, Holdings and Mafco.

“Proceeding”:
as defined in Section ý10.5(c).

“Property”:
any right or interest in or to property or assets of any kind whatsoever, whether real, personal or mixed and whether tangible or intangible,
including Capital Stock.

“Protective
Advances”: means all expenses, disbursements and advances incurred by the Administrative Agent pursuant to the Loan Documents
after the occurrence and during the continuance of an Event of Default that the Administrative Agent, in its sole discretion exercised
reasonably, deems necessary or desirable to preserve or protect the ABL Facility First Priority Collateral or any portion thereof or to
enhance the likelihood, or maximize the amount, of repayment of the Obligations of the Revolving Lenders; provided, however,
that the aggregate principal amount of such Protective Advances shall not exceed the lesser of $10,000,000 and the aggregate amount of
the unused Tranche A Revolving Commitments.

“Protective
Advances Percentage”: as to any Tranche A Revolving Lender with respect to any Protective Advance, the percentage which
such Tranche A Lender’s undrawn Revolving Commitment at the time such Protective Advance is made then constitutes of the aggregate
undrawn Tranche A Revolving Commitments.

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

“Public Information”:
as defined in Section 10.2(c).

“Public Lender”:
as defined in Section 10.2(c).

“Push Down
Reserve”: a reserve established against the Tranche A Borrowing Base by the Administrative Agent at such time in an amount
equal to the amount (if any) by which the aggregate principal amount of the Tranche B Term Loans outstanding at the applicable time of
determination exceeds the Tranche B Borrowing Base at such time.

“Qualified
Capital Stock”: any Capital Stock that is not Disqualified Capital Stock.

“Qualified
Cash”: the amount of unrestricted cash and Cash Equivalents of the Loan Parties at such time to the extent held in a segregated
restricted Deposit Account subject to a Deposit Account Control Agreement or Control Account and maintained either (i) with the Administrative
Agent or (ii) with another depository or Approved Securities Intermediary so long as such other applicable depository or Approved Securities
Intermediary provides daily reports to the Administrative Agent setting forth the balances in such accounts and such information as the
Administrative Agent may reasonably request.

    	 	59	 

     

    

 For the avoidance of doubt, any cash or Cash Equivalents held in a Deposit Account to Cash
Collateralize Letters of Credit, Swingline Loans or Acceptances shall not constitute Qualified Cash.

“Qualified
Contract”: any new intellectual property license entered into by the Borrower or any of its Restricted Subsidiaries in respect
of any brand so long as an officer of the Borrower has certified to the Administrative Agent that the revenues generated by such license
in the next succeeding 12 months would reasonably be expected to exceed $10,000,000.

“Ratio Basket”:
as defined in Section 1.6.

“Ratio Basket
Item or Event”: as defined in Section 1.6.

“Real Property”:
collectively, all right, title and interest of the Borrower or any of its Restricted Subsidiaries in and to any and all parcels of real
property owned or leased by the Borrower or any such Restricted Subsidiary together with all improvements and appurtenant fixtures, easements
and other property and rights incidental to the ownership, lease or operation thereof.

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

“Recovery Event”:
any settlement of or payment in respect of any Property or casualty insurance claim or any condemnation proceeding relating to any asset
of the Borrower or any Restricted Subsidiary, in an amount for each such event exceeding $10,000,000.

“Reference
Time” with respect to any setting of the then-current Benchmark means (1) if such Benchmark is LIBOR with respect to Dollars,
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 with respect to Dollars, the time determined by the Administrative Agent in its reasonable discretion.

“Refinanced
Revolving Commitment”: as defined in Section 10.1(d).

“Refinanced
Term Loan”: as defined in Section 10.1(d).

“Refinanced
Tranche B Loan”: as defined in Section 10.1(d).

“Refinancing”:
the repayment, refinancing, retirement or redemption of Indebtedness under and termination of the Existing Credit Agreements and the Existing
Target Notes on the Closing Date.

“Refinancing
Revolving Commitment”: as defined in Section 10.1(d).

“Refinancing
Revolving Loan”: a Loan in respect of a Refinancing Revolving Commitment.

“Refinancing
Term Loan”: as defined in Section 10.1(d).

“Refinancing
Tranche B Facility”: a Facility in respect of a Refinancing Tranche B Loan.

“Refinancing
Tranche B Loan”: as defined in Section 10.1(d).

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

“Reimbursement
Obligation”: the obligation of the Borrower to reimburse an Issuing Lender pursuant to Section 3.5 for amounts
drawn under Letters of Credit issued by such Issuing Lender.

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

“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.

“Related Person”:
as defined in Section ý10.5.

“Release”:
any release, spill, emission, leaking, dumping, injection, pouring, deposit, disposal, discharge, dispersal, leaching or migration into
or through the environment or within or upon any building, structure or facility.

“Relevant Governmental
Body”: (i) with respect to a Benchmark or Benchmark Replacement in respect of any Benchmark applicable to Dollars, 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, and (ii) with
respect to a Benchmark Replacement for any Benchmark applicable to a currency other than Dollars, (a) the central bank for the applicable
currency or any central bank or other supervisor which is responsible for supervising (1) such Benchmark or Benchmark Replacement for
such currency or (2) the administrator of such Benchmark or Benchmark Replacement for such currency or (b) any working group or committee
officially endorsed or convened by: (1) the central bank for such currency, (2) any central bank or other supervisor that is responsible
for supervising either (x) such Benchmark or Benchmark Replacement for such currency or (y) the administrator of such Benchmark or Benchmark
Replacement for such currency, or (3) the Financial Stability Board, or a committee officially endorsed or convened by the Financial Stability
Board, or any successor thereto.

“Replaced Lender”:
as defined in Section 2.24.

“Reportable
Event”: any of the events set forth in Section 4043(c) of ERISA, other than those events as to which the thirty day notice
period is waived by the PBGC in accordance with the regulations thereunder.

“Representatives”:
as defined in Section 10.14.

“Required Lenders”:

(a)       at
any time prior to the Tranche A Discharge Date, the holders of more than 50% of the sum of (i) the Revolving Commitments then in effect
or, if the Revolving Commitments have been terminated, the Revolving Extensions of Credit then outstanding plus (ii) the SISO Term Commitments
then in effect or, if the SISO Term Commitments have been terminated, the aggregate principal amount of the SISO Term Loans then outstanding;
provided, however, that determinations of the “Required Lenders” shall exclude Revolving Commitments
or Revolving Loans held by a Defaulting Lender and Revolving Commitments, Revolving Loans and SISO Term Loans held by a Tranche B Term
Lender (or, in each case, an Affiliate thereof) shall be deemed to vote in the same proportion as Revolving Commitments, Revolving Loans
and SISO Term Loans held by Revolving Lenders and SISO Term Lenders that are not a Tranche B Term Lender (or, in each case, an Affiliate
thereof); and

    	 	61	 

     

    

(b)       thereafter,
the holders of more than 50% of the aggregate principal amount of the Tranche B Term Loans then in effect.

“Required
SISO Term Lenders”: at any time, the holders of more than 50% of the SISO Term Commitments then in effect or, if the
SISO Term Commitments have been terminated, the aggregate principal amount of the SISO Term Loans then outstanding; provided, that
at any time there are two or more SISO Term Lenders (who are not Affiliates of one another or Defaulting Lenders), “Required
SISO Term Lenders” must include at least two (2) SISO Term Lenders (who are not Affiliates of one another or Defaulting
Lenders) holding more than 50% of the SISO Term Commitments then in effect, or if the SISO Term Commitments have been terminated,
the aggregate principal amount of the SISO Term Loans then outstanding.

“Required Tranche
A Revolving Lenders”: at any time, the holders of more than 50% of the Tranche A Revolving Commitments then in effect or,
if the Tranche A Revolving Commitments have been terminated, the Tranche A Revolving Extensions of Credit then outstanding; provided,
however, that determinations of the “Required Tranche A Revolving Lenders” shall exclude Tranche A Revolving
Commitments or Tranche A Revolving Loans held by Defaulting Lenders.

“Required Tranche
B Lenders”: at any time, the holders of more than 50% of the aggregate principal amount of the Tranche B Term Loans then
in effect.

“Requirement
of Law”: as to any Person, the certificate of incorporation and by-laws or other organizational or governing documents of
such Person, and any law, treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority, 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.

“Resignation
Effective Date” as defined in Section 9.9.

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

“Responsible
Officer”: any officer at the level of Vice President or higher of the relevant Person or, with respect to financial matters,
the Chief Financial Officer, Treasurer, Controller or any other Person in the Treasury Department at the level of Vice President or higher
of the relevant Person.

“Restricted
Payments”: as defined in Section 7.6.

“Restricted
Subsidiary”: any Subsidiary of the Borrower which is not an Unrestricted Subsidiary.

“Revaluation
Date”: (a) the date of delivery of each notice of borrowing in respect of Revolving Loans, the issuance of a Letter of Credit,
the borrowing in respect of a Local Loan or the creation of an Acceptance, in a Permitted Foreign Currency, and (b) each other date on
which a Spot Rate is calculated at the Administrative Agent’s discretion.

“Revolving
Commitment Period”: with respect to each Tranche of Revolving Commitments, the period from and including the effective date
for such Tranche to the Revolving Termination Date for such Tranche.

“Revolving
Commitments”: as to any Revolving Lender, the obligation of such Lender, if any, to make Revolving Loans and, solely in
the case of Tranche A Revolving Commitments, participate in 

    	 	62	 

     

    

Letters of Credit, Local Loans, Acceptances and Swingline Loans in an aggregate
principal and/or face amount not to exceed the amount set forth on Schedule 2.1, or, as the case may be, in the Assignment
and Assumption pursuant to which such Lender became a party hereto, as the same may be changed from time to time pursuant to an Extension
Amendment or otherwise pursuant to the terms hereof. The aggregate amount of Revolving Commitments (which shall consist solely of the
Tranche A Revolving Commitments) as of the Amendment No. 8 Effective Date is $270,000,000.

“Revolving
Extensions of Credit”: as to each Revolving Lender at any time, an amount equal to the Dollar Equivalent of the sum of,
without duplication (a) the aggregate principal amount of all Revolving Loans held by such Lender then outstanding, (b) such Revolving
Lender’s L/C Obligations and aggregate applicable Tranche Revolving Percentages of the Local Loans and Acceptances then outstanding,
and (c) such Revolving Lender’s Swingline Exposure.

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

“Revolving
Loans”: Tranche A 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 aggregate Revolving Commitments or, at any time after the Revolving Commitments shall have expired or terminated, the
percentage which such Revolving Lender’s Revolving Extensions of Credit then outstanding constitutes of the aggregate Revolving
Extensions of Credit then outstanding.

“Revolving
Refinancing Debt”: as defined in the definition of “Permitted Revolving Refinancing Obligations”.

“Revolving
Termination Date”:

(a)       (i)       with respect
to the Tranche A Revolving Facility, the earlier of (x) the date that is three years after the Amendment No. 8 Effective Date and (y)
the Accelerated Maturity Date (or as otherwise provided in Section 2.26 for Extended Revolving Commitments),

(ii)       with
respect to the SISO Term Facility, the earlier of (x) the date that is three years after the Amendment No. 8 Effective Date and (y) the
Accelerated Maturity Date;

(b)       with
respect to the Tranche B Term Facility, the earlier of

(i)       (A)
prior to the Tranche A Discharge Date, the date that is six months after the Revolving Termination Date of the then-latest Tranche A Revolving
Facility and (B) on and after the Tranche A Discharge Date, the date that is six months after the Revolving Termination Date of the Tranche
A Revolving Facility immediately prior to the occurrence of the Tranche A Discharge Date and

(ii)       December
15, 2023;

(c)       with
respect to any Extended Revolving Tranche, the maturity date set forth in the applicable Extension Amendment; and

(d)       with
respect to any Tranche of Refinancing Revolving Commitments, the maturity date set forth in the applicable amendment pursuant to Section 10.1(d);

    	 	63	 

     

    

provided that, in each case of
clauses (a), (b), (c) and (d), if such date is not a Business Day, the Revolving Termination
Date will be the next succeeding Business Day.

“S&P”:
Standard & Poor’s Ratings Group, Inc., or any successor to the rating agency business thereof.

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

“Screen”:
the relevant display page for the Eurocurrency Base Rate (as reasonably determined by the Administrative Agent) on the Bloomberg Information
Service or any successor thereto; provided, that if the Administrative Agent determines that there is no such relevant display
page or otherwise in Bloomberg for the Eurocurrency Base Rate, “Screen” means such other comparable publicly available service
for displaying the Eurocurrency Base Rate (as reasonably determined by the Administrative Agent).

“SEC”:
the Securities and Exchange Commission (or successors thereto or an analogous Governmental Authority).

“Section 2.26
Additional Amendment”: as defined in Section 2.26(c).

“Secured Obligations”:
the Obligations, together with all obligations in respect of the Specified Hedge Agreements, the Specified Cash Management Obligations
and the Specified Additional Obligations; provided, that the “Secured Obligations” shall exclude any Excluded
Swap Obligations.

“Secured Parties”:
collectively, the Lenders, the Administrative Agent, the Collateral Agent, each Issuing Lender, the Swingline Lender, any other holder
from time to time of any of the Secured Obligations and, in each case, their respective successors and permitted assigns.

“Securities
Account”: as defined in the Guarantee and Collateral Agreement.

“Securities
Account Control Agreement”: as defined in the Guarantee and Collateral Agreement.

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

“Securities
Intermediary”: the meaning assigned to such term in the UCC.

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

“Security Documents”:
the collective reference to the Guarantee and Collateral Agreement, the Holdings Guarantee and Pledge Agreement and all other security
documents (including any Mortgages) hereafter delivered to the Administrative Agent or the Collateral Agent purporting to grant a Lien
on any Property of any Loan Party to secure the Secured Obligations.

“Single Employer
Plan”: any Plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code
or Section 302 of ERISA and in respect of which the Borrower or any of its Restricted Subsidiaries is (or, if such plan were terminated,
would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA.

    	 	64	 

     

    

“SISO Discharge
Date”: the date on which

(a)       all
SISO Term Loans (and any refinancing debt in respect thereof) have been repaid by or on behalf of Borrower in full in cash;

(b)       all
SISO Term Commitments (and any refinancing commitments in respect thereof) have been permanently terminated; and

(c)       all
amounts owing to any SISO Term Lender and the Administrative Agent in respect of the SISO Term Facility (other than contingent or indemnification
obligations not then due) have been repaid by or on behalf of Borrower in full in cash;

provided, that the SISO Discharge
Date shall be deemed not to have occurred to the extent of a refinancing or replacement of the SISO Term Loans with a Tranche A Refinancing
complying with the terms of Section 10.19(j) of this Agreement.

“SISO Refinancing
Debt”: as defined in the definition of “Permitted SISO Refinancing Obligations”.

“SISO Secured
Obligations”: Secured Obligations in respect of the SISO Term Facility.

“SISO Secured
Parties”: Secured Parties in respect of SISO Secured Obligations.

“SISO Term
Commitments”: the Amendment No. 8 SISO Term Commitments. The aggregate amount of the SISO Term Commitments as of the Amendment
No. 8 Effective Date is $130,000,000.

“SISO Term
Facility”: as defined in the definition of “Facility”.

“SISO Term
Lender”: each Lender that holds a SISO Term Loan or SISO Term Commitment.

“SISO Term
Loan”: as defined in Section 2.4(a)(i).

“SISO Term
Loan Agent”: Crystal Financial LLC, d/b/a SLR Credit Solutions (“Crystal”), so long as Crystal
or any of its Affiliates is a SISO Term Lender. From and after the date that Crystal or any of its Affiliates ceases to be a SISO Term
Lender, there shall be no SISO Term Loan Agent.

“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.

“Solvent”:
(a) with respect to the Borrower and its Subsidiaries, as of any date of determination, (i) the Fair Value of the assets of the Borrower
and its Subsidiaries taken as a whole exceeds their Liabilities, (ii) the Present Fair Salable Value of the assets of the Borrower and
its Subsidiaries taken as a whole exceeds their Liabilities; (iii) the Borrower and its Subsidiaries taken as a whole Do not have 

    	 	65	 

     

    

Unreasonably
Small Capital; and (iv) the Borrower and its Subsidiaries taken as a whole Will be able to pay their Liabilities as they mature and (b)
no Local Borrower is undercapitalized to such an extent, that solely as a result of such undercapitalization, (i) any Lender would be
deemed under the laws of the relevant jurisdiction to owe a fiduciary duty to any other creditor of such Local Borrower or (ii) the Local
Loans made or the Acceptances created by the relevant Local Fronting Lender to such Local Borrower would be subordinated to any obligations
of such Local Borrower owing to any other Person.

“Specified
Additional Obligations”: obligations, in an aggregate principal amount not to exceed $15,000,000 at any time outstanding,
that in each case have been designated by the Borrower, by notice to the Administrative Agent, as a Specified Additional Obligation in
accordance with Section 9.12(c). The designation of any Specified Additional Obligations shall not create in favor of any
party thereto (or their successors or assigns) any rights in connection with the management or release of any Collateral or of the obligations
of any Guarantor under the Loan Documents. For the avoidance of doubt, all obligations in existence on the Closing Date listed as such
on Schedule 1.1B shall constitute Specified Additional Obligations.

“Specified
Cash Limit”: $80,000,000.

“Specified
Cash Management Obligations”: Cash Management Obligations (a) owed by the Borrower or a Restricted Subsidiary to a Person
who, as of the time of incurrence of such obligations (or, in the case of any such obligations in existence on the Closing Date, within
30 days after the Closing Date), is the Administrative Agent, any other Agent, any Lender, an agent under the Term Loan Documents, a lender
under the Term Loan Agreement or any Affiliate thereof (any such Person, a “Cash Management Provider”) and (b)
that have been designated by the Borrower, by notice to the Administrative Agent, as a Specified Cash Management Obligations under this
Agreement. The designation of any Cash Management Obligations as Specified Cash Management Obligations shall not create in favor of the
Cash Management Provider that is a party thereto (or their successors or assigns) any rights in connection with the management or release
of any Collateral or of the obligations of any Guarantor under the Loan Documents. For the avoidance of doubt, all Cash Management Obligations
pursuant to agreements in existence on the Closing Date between the Borrower or any Subsidiary Guarantor, on the one hand, and a Cash
Management Provider, on the other hand, listed as such on Schedule 1.1B, shall constitute Specified Cash Management Obligations.

“Specified
Disposition”: the Disposition by any Loan Party or its Restricted Subsidiaries of one or more lines of Business (and certain
related assets for such lines of Business as set forth on the schedule referred to in this definition) disclosed in a schedule provided
to the Administrative Agent, the Tranche A Revolving Lenders and the SISO Term Lenders prior to the Amendment No. 7 Effective Date.

“Specified
Existing Tranche”: as defined in Section 2.26(a).

“Specified
Excluded Cash”: (i) cash or Cash Equivalents located in the People’s Republic of China, (ii) intraday cash borrowed
on the applicable interest or regularly scheduled amortization payment date to be used to pay cash interest or regularly scheduled amortization
on such date in respect of Indebtedness for borrowed-money owed to non-Affiliates of the Borrower, and (iii) cash or Cash Equivalents
held in Excluded Accounts pursuant to clause (b)(ii) of the definition thereof in the Guarantee and Collateral Agreement.

“Specified
Hedge Agreement”: any Hedge Agreement (a) entered into by (i) the Borrower or any Subsidiary Guarantor and (ii) a Hedge
Bank, as counterparty and (b) that has been designated by the Borrower, by notice to the Administrative Agent, as a Specified Hedge Agreement
in accordance with Section 9.12(b); provided, that Specified Hedge Agreement shall exclude any Excluded Swap

    	 	66	 

     

    

Obligations. The designation of any Hedge Agreement as a Specified Hedge Agreement shall not create in favor of the Hedge Bank that is
a party thereto (or their successors or assigns) any rights in connection with the management or release of any Collateral or of the obligations
of any Guarantor under the Loan Documents. For the avoidance of doubt, all Hedge Agreements in existence on the Closing Date between the
Borrower or any Subsidiary Guarantor, on the one hand, and a Hedge Bank, on the other hand, listed as such on Schedule 1.1B, shall
constitute Specified Hedge Agreements.

“Specified
Merger Agreement Representations”: such of the representations made by the Target with respect to the Target and its Subsidiaries
in the Merger Agreement as are material to the interests of the Lenders and the joint bookrunners as of the Closing Date (in their capacities
as such), but only to the extent that the Borrower (or its Affiliates) has the right to terminate the Borrower’s (or such Affiliate’s)
obligations under the Merger Agreement or the right to decline to consummate the Merger as a result of a breach of such representations
in the Merger Agreement.

“Specified
Representations”: the representations and warranties made solely with respect to the Loan Parties in Sections 4.3(a),
4.4(a), 4.4(c), 4.5(a), 4.5(c) (solely to the extent that such representation and warranty relates
to agreements or instruments governing material Indebtedness of the relevant Loan Party the outstanding principal amount of which exceeds
$50,000,000), 4.11, 4.13, 4.17(a) (subject to the conditionality limitations set forth in the
last paragraph of Section 5.1), 4.18, 4.19, 4.22 and the second sentence of Sections
4.23 and 4.24 (in each case, after giving effect to the Transactions).

“Specified
Reserve”: effective as of five Business Days after the date of written notice of any determination thereof to the Borrower
by the Administrative Agent (which notice shall include a reasonable description of the basis for such determination), such amounts as
the Administrative Agent, in its sole discretion exercised reasonably and in accordance with customary business practices for comparable
asset-based transactions, may from time to time establish a reserve against the Tranche A Borrowing Base (or the amount thereof, as the
context requires) in respect of (i) Specified Hedge Agreements in effect at such time but only to the extent provided in Section
9.12, (ii) Specified Additional Obligations in effect at such time but only to the extent provided in Section 9.12
and (iii) Specified Cash Management Obligations in effect at such time.

“Sponsor”:
(a) Mafco, (b) each of Mafco’s direct and indirect Subsidiaries and Affiliates, (c) Ronald O. Perelman, (d) any of the directors
or executive officers of Mafco or (e) any of their respective Permitted Transferees.

“Spot Rate”:
with respect to any currency, the rate determined by the Administrative Agent to be the rate quoted by the Oanda Corporation (or by any
other provider of currency exchange rates, as selected by the Administrative Agent) as of which the foreign exchange computation is made;
provided, that the Administrative Agent may obtain such spot rate from another financial institution designated by it if
it does not have as of the date of determination a spot buying rate for any such currency; provided, further,
that the Administrative Agent may use such spot rate quoted on the date as of which the foreign exchange computation is made in the case
of any Revolving Loan or Letter of Credit denominated in a Permitted Foreign Currency.

“Stated Maturity”:
with respect to any Indebtedness, the date specified in such Indebtedness as the fixed date on which the payment of principal of such
Indebtedness is due and payable, including pursuant to any mandatory redemption provision (but excluding any provision providing for the
re-purchase or repayment of such Indebtedness at the option of the holder thereof upon the happening of any contingency).

    	 	67	 

     

    

“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 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;
provided, that any joint venture that is not required to be consolidated with the Borrower and its consolidated Subsidiaries
in accordance with GAAP shall not be deemed to be a “Subsidiary” for purposes hereof. Unless otherwise qualified, all references
to a

“Subsidiary” or to “Subsidiaries” in this Agreement shall refer to a direct or
indirect Subsidiary or Subsidiaries of the Borrower.

“Subsidiary
Guarantors”: (a) each Domestic Subsidiary other than any Excluded Subsidiary and (b) any other Subsidiary of the Borrower
that is a party to the Guarantee and Collateral Agreement.

“Successor
Borrower”: as defined in Section 7.4(j).

“Successor
Holdings”: as defined in Section 7A.

“Supermajority
Lenders”:

(a)       at
any time prior to the Tranche A Discharge Date, the holders of at least 662⁄3% of the sum of (i) the Revolving Commitments then in
effect or, if the Revolving Commitments have been terminated, the Revolving Extensions of Credit then outstanding plus (ii) the SISO Term
Commitments then in effect or, if the SISO Term Commitments have been terminated, the aggregate principal amount of the SISO Term Loans
then outstanding; provided, however, that determinations of the “Supermajority Lenders” shall
exclude Revolving Commitments or Revolving Loans held by a Defaulting Lender and Revolving Commitments, Revolving Loans and SISO Term
Loans of a Tranche B Term Lender (or, in each case, an Affiliate thereof) shall be deemed to vote in the same proportion as all other
Revolving Commitments, Revolving Loans and SISO Term Loans not held by a Tranche B Term Lender (or, in each case, an Affiliate thereof);
and

(b)       thereafter,
the holders of at least 662⁄3% of the sum of the Tranche B Term Loans then in effect.

“Supermajority
SISO Term Lenders”: at any time, the holders of at least 662⁄3% of the sum of the SISO Term Commitments then in effect
or, if the SISO Term Commitments have been terminated, the aggregate principal amount of all SISO Term Loans then outstanding; provided
that at any time there are two or more SISO Term Lenders (who are not Affiliates of one another or Defaulting Lenders), “Supermajority
SISO Term Lenders” must include at least two (2) SISO Term Lenders (who are not Affiliates of one another or Defaulting Lenders)
holding at least 662⁄3% of the sum of the SISO Term Commitments then in effect or, if the SISO Term Commitments have been terminated,
the aggregate principal amount of all SISO Term Loans then outstanding.

“Supermajority
Tranche A Revolving Lenders”: at any time, the holders of at least 662⁄3% of the sum of the Tranche A Revolving Commitments
then in effect or, if the Tranche A Revolving Commitments have been terminated, the Tranche A Revolving Extensions of Credit then outstanding;
provided, however, that determinations of the “Supermajority Tranche A Revolving Lenders” shall
exclude Tranche A Revolving Commitments or Tranche A Revolving Loans held by Defaulting Lenders.

    	 	68	 

     

    

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

“Swingline
Commitment”: the commitment of the Swingline Lender to make loans pursuant to Section 2.6, as the same may
be changed from time to time pursuant to Section 2.10 or Section 2.6. As of the Amendment No. 8 Effective
Date, the Swingline Commitment shall be zero.

“Swingline
Exposure”: at any time the aggregate principal amount at such time of all outstanding Swingline Loans. The Swingline Exposure
of each Tranche A Revolving Lender at any time shall equal its Tranche A Revolving Percentage of the aggregate Swingline Exposure at such
time.

“Swingline
Lender”: after the Amendment No. 8 Effective Date, any Tranche A Revolving Lender that becomes the Administrative Agent
or agrees, with the approval of the Administrative Agent and the Company, to act as the Swingline Lender hereunder, in each case, in its
capacity as the Swingline Lender hereunder. As of the Amendment No. 8 Effective Date, there is not a Swingline Lender.

“Swingline
Loan”: any Loan made by the Swingline Lender pursuant to Section 2.6. As of the Amendment No. 8 Effective
Date, there are no Swingline Loans outstanding.

“Target”:
Elizabeth Arden, Inc., a Florida corporation.

“TARGET Day”
means any day on which TARGET2 (or, if such payment system ceases to be operative, such other payment system, if any, determined
by the Administrative Agent to be a suitable replacement) is open for the settlement of payments in Euro.

“Target Material
Adverse Effect”: any Effect that (a) would reasonably be expected to prevent or materially impair the ability of the Company
or any of its subsidiaries to consummate the Merger and the other transactions contemplated by the Merger Agreement, or (b) has a material
adverse effect on the business, results of operations or financial condition of the Company and its subsidiaries taken as a whole; provided,
that in the case of the foregoing clause (b), no Effect to the extent resulting from or arising out of any of the following
shall constitute or be taken into account in determining whether there has been a Target Material Adverse Effect: (i) changes in general
economic or political conditions or financial, credit or securities markets in general (including changes in interest or exchange rates)
in any country or region in which the Company or any of its subsidiaries conducts business; (ii) any Effects that affect the industries
in which the Company or any of the Company’s subsidiaries operate; (iii) any changes in Legal Requirements applicable to the Company
or any of the Company’s subsidiaries or any of their respective properties or assets or changes in GAAP, or any changes in interpretations
of the foregoing; (iv) acts of war, armed hostilities, sabotage or terrorism, or any escalation or worsening of any acts of war, armed
hostilities, sabotage or terrorism; (v) the negotiation, announcement or existence of, or any action taken that is required or expressly
contemplated by the Merger Agreement and the transactions contemplated thereby (including the impact thereof on relationships, contractual
or otherwise, with customers, suppliers, vendors, lenders, employees, investors, or venture partners) or any action taken by the Company
at the written request of or with the written consent of Parent; (vi) any changes in the credit rating of the Company or any of its subsidiaries,
the market price or trading volume of shares of Common Stock or any failure to meet internal or published projections, forecasts or revenue
or earnings predictions for any period, it being understood that any underlying event causing such changes or failures in whole or in
part may be taken into account in determining whether a Target Material Adverse Effect has occurred; (vii) any litigation arising from
allegations of a breach of fiduciary duty relating to the Merger Agreement or the transactions contemplated by the Merger Agreement; or
(viii) any weather-related events, earthquakes, floods, hurricanes, tropical storms, fires or other natural 

    	 	69	 

     

    

disasters or any national,
international or regional calamity, in each case of clauses (i), (ii), (iii), (iv)
or (viii), to the extent such Effects, escalation or worsening do not have a materially disproportionate adverse impact
on the Company and its subsidiaries relative to other companies operating in the geographic markets or segments of the industry in which
the Company and its subsidiaries operate. Capitalized terms used in the above definition (other than “Merger Agreement” and
“Target Material Adverse Effect”) shall have the meanings set forth in the Merger Agreement as in effect on June 16, 2016.

“TARGET2”
means the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilizes a single shared platform
and which was launched on November 19, 2007.

“Tax Payments”:
payments pursuant to the Company Tax Sharing Agreement and the Prior Tax Sharing Agreement, without duplication.

“Taxes”:
all present and future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other
charges now or hereafter imposed, levied, collected, withheld or assessed by any Governmental Authority, including any interest, fines,
additions to tax or penalties applicable thereto.

“Term
Designated Additional Obligations”: as defined in the ABL Intercreditor Agreement.

“Term Designated
Banking Services Obligations”: as defined in the ABL Intercreditor Agreement.

“Term Designated
Swap Obligations”: as defined in the ABL Intercreditor Agreement.

“Term Facility
First Priority Collateral”: as defined in the ABL Intercreditor Agreement.

“Term Loan
Agreement”: the Term Credit Agreement, dated as of September 7, 2016, by and among the Borrower, Holdings, Citibank, N.A.,
as administrative agent and collateral agent, and the other financial institutions party thereto, as the same may be amended, restated,
replaced, supplemented or otherwise modified from time to time.

“Term Loan
Documents”: the collective reference to the Term Loan Agreement and any other document, agreement and instrument executed
and/or delivered in connection therewith or relating thereto, together with any amendment, supplement, waiver, or other modification to
any of the foregoing.

“Term Pari
Passu Obligations”:  (i) the Initial Term B Loans and (ii) the obligations in respect of Indebtedness permitted to
be incurred under Section 7.2 that is (or is to be) secured on a pari passu basis with the Liens securing the Initial Term
B Loans and/or other subsequent Term Pari Passu Obligations. 

“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.

“Test Period”:
on any date of determination, the period of four consecutive fiscal quarters of the Borrower (in each case taken as one accounting period)
most recently ended on or prior to such date for which financial statements have been or are required to be delivered pursuant to Section
6.1 or, prior to the first such delivery, the pro forma financial statements referred to in Section 5.1(o).

    	 	70	 

     

    

“Tranche”:
with respect to any Loan, Commitments, or SISO Term Commitments, refers to whether such Loans, Commitments, or SISO Term Commitments are

(1)       (A)        Tranche
A Revolving Commitments or Tranche A Revolving Loans thereunder and

(B)       SISO
Term Loans or SISO Term Commitments,

(2)       Tranche
B Term Loans,

(3)       Extended
Revolving Commitments or Loans thereunder (of the same Extension Series), or

(4)       Refinancing
Revolving Commitments with the same terms and conditions made on the same day or Revolving Loans in respect thereof.

“Tranche A
Availability”: at any time,

(a)       the
lesser of (i) the aggregate Tranche A Revolving Commitments in effect at such time and (ii) the Tranche A Revolving Borrowing Base at
such time (based on the Borrowing Base Certificate most recently delivered to the Administrative Agent pursuant to Section 6.2(g),
after giving effect to any Eligibility Reserve, Specified Reserve, Push Down Reserve or Dilution Reserve in effect at such time with respect
to the Tranche A Borrowing Base (if any), in each case without duplication of any Eligibility Reserve or Dilution Reserve established
with respect to the Tranche B Borrowing Base, whether or not reflected on such Borrowing Base Certificate but
without duplication), minus

(b)       the
aggregate amount of any Availability ReserveReserves
and any Accommodation Period Reserves in effect at such time with respect to the Borrowing Base.

“Tranche A
Borrowing Base”: at any time, the amount equal to:

(a)       (i)       for
any Tranche A Borrowing Base in effect at any time during the period from and including July 1 through and including September 30 of any
calendar year, 90% (or solely during the Accommodation Period, 97.5%)
of the Dollar Equivalent of the face amount of all Eligible Receivables and

(ii)      for
any Tranche A Borrowing Base in effect at any other time, 87.5% (or solely
during the Accommodation Period, 95.0%) of the Dollar Equivalent of the face amount of all Eligible Receivables

(in each case of clauses (i)
and (ii), calculated net of all finance charges, late fees and other fees that are unearned, sales, excise or similar taxes,
and credits or allowances granted at such time with respect to such Eligible Receivables); plus

(b)       with
respect to Eligible Inventory (valued, in each case, at the lower of a perpetual inventory at standard cost and market basis), the amount
equal to:

(i)       the
lesser of (A) 100% or (B) the Net Orderly Liquidation Percentage of the Dollar Equivalent of the value of all Eligible Prime Finished
Goods; plus

    	 	71	 

     

    

(ii)       the
lesser of (A) 100% or (B) the Net Orderly Liquidation Percentage of the Dollar Equivalent of the value of all Eligible Tote Stores Inventory;
plus

(iii)       the
lesser of (A) 50% (or solely during the Accommodation Period, 57.5%)
or (B) the Net Orderly Liquidation Percentage of the Dollar Equivalent of the value of all Eligible Special Markets Inventory; plus

(iv)       the
lesser of (A) 75% (or solely during the Accommodation Period, 82.5%)
or (B) the Net Orderly Liquidation Percentage of the Dollar Equivalent of the value of all Eligible Work-in-Process Inventory; plus

(v)       the
lesser of (A) 50% (or solely during the Accommodation Period, 57.5%)
or (B) the Net Orderly Liquidation Percentage of the Dollar Equivalent of the value of all Eligible Raw Materials; plus

(vi)       the
lesser of (A) 50% (or solely during the Accommodation Period, 57.5%)
or (B) the Net Orderly Liquidation Percentage of the Dollar Equivalent of the value of all Eligible Bulk Inventory; plus

(c)       the
lesser of

(A)       the
sum of (1) 85% of the Net Orderly Liquidation Value of Eligible Equipment at such time plus (2) 85% of the Mortgage Value
of Eligible Real Property at such time and

(B)       $45,000,000
(or solely during the Accommodation Period, $50,000,000);
plus

(d)       [reserved],
plus

(e)       [reserved];
minus

(f)       in
the case of clauses (a) through (c) above, any Eligibility Reserve in effect at such time with respect
to the Tranche A Borrowing Base; minus

(g)       any
Specified Reserve and Dilution Reserve in effect at such time with respect to the Tranche A Borrowing Base; minus

(h)       the
Push Down Reserve.; 

provided
that, during the Accommodation Period, the incremental increase to the Tranche A Borrowing Base as a result of the higher
advance rates in clauses (a) and (b) above shall not in any event exceed $20,000,000 in the aggregate at any time; provided further
that, during the Accommodation Period, the incremental increase to the Tranche A Borrowing Base as a result of the higher advance
rates or dollar cap in clauses (a) through (c) above, as applicable, shall not in any event exceed $25,000,000 in the aggregate at any
time. 

“Tranche A
Commitment Fee”: as defined in Section 2.9(a)(i).

“Tranche A
Discharge Date”: the date on which both the Tranche A Revolving Discharge Date and the SISO Discharge Date have occurred
and all other Tranche A Obligations (other than (A) contingent or indemnification obligations not then due and (B) obligations in respect
of Specified Hedge 

    	 	72	 

     

    

Agreements, Specified Cash Management Obligations or Specified Additional Obligations) have been repaid by or on behalf
of the Borrower in full in cash

“Tranche A
Revolving Borrowing Base”:

(a)       Tranche
A Borrowing Base minus

(b)       $130,000,000.

“Tranche
A Revolving Commitment”: as to any Revolving Lender, the obligation of such Lender, if any, to make Tranche A
Revolving Loans and participate in Letters of Credit, Local Loans, Acceptances and Swingline Loans in an aggregate principal and/or
face amount not to exceed the amount set forth on Schedule 2.1, or, as the case may be, in the Assignment and
Assumption pursuant to which such Lender became a party hereto, as the same may be changed from time to time pursuant to an
Extension Amendment or otherwise pursuant to the terms hereof. The aggregate amount of the Tranche A Revolving Commitments as
of the Amendment No. 8 Effective Date is $270,000,000.

“Tranche A
Revolving Discharge Date”: the date on which

(a)       all
Tranche A Revolving Loans (and any Refinancing Revolving Loans in respect thereof) and all Swingline Loans have been repaid by or on behalf
of Borrower in full in cash;

(b)       all
Tranche A Revolving Commitments (and any Refinancing Revolving Commitments in respect thereof) and all Swingline Commitments have been
permanently terminated;

(c)       all
Letters of Credit are no longer outstanding (or have been Cash Collateralized in a manner acceptable to the applicable Issuing Lender);
and

(d)       all
amounts owing to any Tranche A Revolving Lender and the Administrative Agent in respect of the Tranche A Revolving Facility (other than
(A) contingent or indemnification obligations not then due and (B) obligations in respect of Specified Hedge Agreements, Specified Cash
Management Obligations or Specified Additional Obligations) have been repaid by or on behalf of Borrower in full in cash;

provided, that the Tranche A
Revolving Discharge Date shall be deemed not to have occurred to the extent of a refinancing or replacement of the Tranche A Revolving
Commitments with a Tranche A Refinancing complying with the terms of Section 10.19(j) of this Agreement.

“Tranche A
Revolving Extensions of Credit”: as to each Revolving Lender at any time, an amount equal to the Dollar Equivalent of the
sum of, without duplication (a) the aggregate principal amount of all Tranche A Revolving Loans held by such Lender then outstanding,
(b) such Tranche A Revolving Lender’s L/C Obligations and Tranche A Revolving Percentage of the Local Loans and Acceptances then
outstanding, and (c) such Tranche A Revolving Lender’s Swingline Exposure.

“Tranche A
Revolving Facility”: as defined in the definition of “Facility”.

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

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

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“Tranche A
Revolving Percentage”: as to any Revolving Lender at any time, the percentage which such Lender’s Tranche A Revolving
Commitment then constitutes of the aggregate Tranche A Revolving Commitments or, at any time after the Tranche A Revolving Commitments
shall have expired or terminated, the percentage which such Tranche A Revolving Lender’s Tranche A Revolving Extensions of Credit
then outstanding constitutes of the aggregate Tranche A Revolving Extensions of Credit then outstanding.

“Tranche A
Revolving Secured Parties”: the Secured Parties in respect of the Tranche A Revolving Secured Obligations.

“Tranche A
Revolving Secured Obligations”: Secured Obligations in respect of the Tranche A Revolving Facility, Letters of Credit, Swingline
Loans, Local Loans, Protective Advances and, to the extent Specified Reserves have been established in respect thereof, all obligations
in respect of the Specified Hedge Agreements, the Specified Cash Management Obligations and the Specified Additional Obligations.

“Tranche A
Secured Obligations”: Tranche A Revolving Secured Obligations, SISO Secured Obligations and other Secured Obligations in
respect of the Tranche A Revolving Facility.

“Tranche A
Secured Parties”: Secured Parties in respect of Tranche A Secured Obligations.

“Tranche B
Administrative Agent”: Alter Domus (US) LLC, as the administrative agent for the Tranche B Facility, together with any of
its successors and permitted assigns in such capacity in accordance with Section 9.9.

“Tranche B
Borrowing Base”: at any time, the amount equal to:

(a)       (i)       for any
Tranche B Borrowing Base in effect at any time during the period from and including July 1 through and including September 30 of any calendar
year, 10% of the Dollar Equivalent of the face amount of all Eligible Receivables and

(ii)       for
any Tranche B Borrowing Base in effect at any other time, 12.5% of the Dollar Equivalent of the face amount of all Eligible Receivables

(in each case of clause (i) and
(ii), calculated net of all finance charges, late fees and other fees that are unearned, sales, excise or similar taxes,
and credits or allowances granted at such time with respect to such Eligible Receivables); plus

(b)       with
respect to Eligible Inventory (valued, in each case, at the lower of a perpetual inventory at standard cost and market basis), the amount
equal to:

(i)       the
Net Orderly Liquidation Percentage of the Dollar Equivalent of the value of all Eligible Prime Finished Goods; plus

(ii)       the
Net Orderly Liquidation Percentage of the Dollar Equivalent of the value of all Eligible Tote Stores Inventory; plus

(iii)       the
lesser of (A) 50% or (B) the Net Orderly Liquidation Percentage of the Dollar Equivalent of the value of all Eligible Special Markets
Inventory; plus

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(iv)       the
lesser of (A) 25% or (B) the Net Orderly Liquidation Percentage of the Dollar Equivalent of the value of all Eligible Work-in-Process
Inventory; plus

(v)       the
lesser of (A) 50% or (B) the Net Orderly Liquidation Percentage of the Dollar Equivalent of the value of all Eligible Raw Materials; plus

(vi)       the
lesser of (A) 50% or (B) the Net Orderly Liquidation Percentage of the Dollar Equivalent of the value of all Eligible Bulk Inventory;
plus

(c)       the
sum of (1) 15% of the Net Orderly Liquidation Value of Eligible Equipment at such time plus (2) 15% of the Mortgage Value
of Eligible Real Property at such time; minus

(d)       in
the case of clauses (a) and (c) above, any Eligibility Reserve in effect at such time with respect to
the Tranche B Borrowing Base; minus

(e)       any
Dilution Reserve in effect at such time with respect to the Tranche B Borrowing Base; minus

(f)       (i)
the Tranche B Maximum Amount minus (ii) the aggregate principal amount of the Tranche B Term Facility in effect at such
time.

“Tranche B
Maximum Amount”: the aggregate principal amount of all Tranche B Term Loans that have or may be issued to holders of 2021
Notes as part of the 2021 Notes Exchange (whether or not such Tranche B Term Loans have been issued).

“Tranche B
Repayment Conditions”: each of the following conditions:

(a)       in
the case of any repayment or prepayment of all or any portion of the Tranche B Term Facility from the proceeds of any Refinancing Tranche
B Loans or other Indebtedness for Borrowed Money,

(i)       no
Default or Event of Default has occurred and is continuing immediately prior to such repayment or prepayment or immediately after giving
effect thereto; and

(ii)       any
Liens on the ABL Facility First Priority Collateral securing such Refinancing Tranche B Loans or Indebtedness for Borrowed Money shall
be subordinated to the Liens on the ABL Facility First Priority Collateral securing the Tranche A Secured Obligations pursuant to (A)
intercreditor arrangements reasonably satisfactory to the Administrative Agent and the SISO Term Loan Agent (it being understood that
the intercreditor arrangements set forth in Section 10.19 hereof shall be deemed to be satisfactory to the Administrative
Agent and the SISO Term Loan Agent) and not, when taken as a whole, materially less favorable to the Tranche A Revolving Facility and
SISO Term Facility than those set forth in Section 10.19 hereof, or (B) if such repayment or prepayment is made in connection
with a refinancing or extension of Indebtedness outstanding under the Term Loan Agreement, the ABL Intercreditor Agreement or other intercreditor
arrangements not, when taken as a whole, materially less favorable to the Tranche A Revolving Facility and SISO Term Facility than those
set forth in the ABL Intercreditor Agreement, as reasonably determined by the Administrative Agent and the SISO Term Loan Agent (it being
understood that any Liens on the Term Facility First Priority Collateral securing such Indebtedness for Borrowed Money may be senior to
the Liens on the Term Facility First Priority Collateral securing the Tranche A Secured Obligations pursuant to the ABL Intercreditor
Agreement or such other intercreditor arrangements), or

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(b)       in
the case of any other prepayment or repayment of all or any portion of the Tranche B Term Facility,

(i)       no
Default or Event of Default has occurred and is continuing immediately prior to such repayment or prepayment or immediately after giving
effect thereto; and

(ii)       such
prepayment or repayment of the Tranche B Term Facility shall not occur prior to 90 days prior to the Revolving Termination Date in respect
of the Tranche B Term Facility;

(iii)       such
prepayment or repayment is made with the Net Cash Proceeds of any substantially concurrent Equity Issuance or capital contribution (other
than Disqualified Capital Stock) and such Equity Issuance or capital contribution is Not Otherwise Applied; and

(iv)       such
prepayment or repayment is not made from the proceeds of the Tranche A Revolving Facility or any other Indebtedness for Borrowed Money.

“Tranche B
Register” as defined in Section 10.6(b)(iv).

“Tranche B
Secured Obligations”: Secured Obligations in respect of the Tranche B Term Facility.

“Tranche B
Term Facility”: as defined in the definition of “Facility”.

“Tranche B
Term Lender”: each Lender that holds a Tranche B Term Loan.

“Tranche B
Term Loans”: as defined in Section 2.4(a)(ii). Notwithstanding anything to the contrary, the aggregate principal
amount of the Tranche B Term Loans shall not exceed $50,000,000.

“Tranche Revolving
Percentage”: as to any Revolving Lender and Tranche at any time, the percentage which such Lender’s Revolving Commitment
with respect to such Tranche then constitutes of the aggregate Revolving Commitments with respect to such Tranche or, at any time after
such Revolving Commitments shall have expired or terminated, the percentage which such Revolving Lender’s Revolving Extensions of
Credit with respect to such Tranche then outstanding constitutes of the aggregate Revolving Extensions of Credit with respect to such
Tranche then outstanding.

“Transaction
Costs”: as defined in the definition of “Transactions.”

“Transactions”:
the consummation of the Merger in accordance with the terms of the Merger Agreement and the other transactions described therein, together
with each of the following transactions consummated or to be consummated in connection therewith:

(a)       the
Borrower obtaining the Tranche A Revolving Facility and the Initial Term B Loans;

(b)       the
Borrower (or a subsidiary thereof) issuing senior unsecured notes pursuant to a private placement under Rule 144A or other private placement
yielding $450,000,000 in gross cash proceeds from the issuance of eight-year notes (the “2024 Notes”) and releasing
such gross cash proceeds from escrow;

(c)       the
occurrence of the Refinancing; and

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(d)       the
payment of all fees, costs and expenses incurred in connection with the transactions described in the foregoing provisions of this definition
(the “Transaction Costs”).

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

“UCP”:
with respect to any Letter of Credit, the Uniform Customs and Practice for Documentary Credits, International Chamber of Commerce (“ICC”)
Publication No. 600 (or such later version thereof as may be in effect at the time of issuance).

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

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

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

“United States”:
the United States of America.

“Unrestricted
Cash”: as at any date of determination, the aggregate amount of cash and Cash Equivalents included in the cash accounts
that would be listed on the consolidated balance sheet of the Borrower and its Restricted Subsidiaries as at such date, to the extent
such cash and Cash Equivalents are not (a) subject to a Lien securing any Indebtedness or other obligations, other than (i) the Secured
Obligations or (ii) any such other Indebtedness that is subject to any Intercreditor Agreement or (b) classified as “restricted”
(unless so classified solely because of any provision under the Loan Documents or any other agreement or instrument governing other Indebtedness
that is subject to any Intercreditor Agreement governing the application thereof or because they are subject to a Lien securing the Secured
Obligations or other Indebtedness that is subject to any Intercreditor Agreement).

“Unrestricted
Subsidiary”: (i) any Escrow Entity, (ii) any Subsidiary of the Borrower designated as such and listed on Schedule
4.14 on the Closing Date and (iii) any Subsidiary of the Borrower that is designated by a resolution of the Board of Directors
of the Borrower as an Unrestricted Subsidiary, but only to the extent that, in the case of each of clauses (ii) and (iii),
such Subsidiary:

(a)       has
no Indebtedness other than Non-Recourse Debt (other than such Indebtedness to the extent any related obligations of the Borrower or its
Restricted Subsidiaries would otherwise be permitted under Section 7.7);

(b)       is
not party to any agreement, contract, arrangement or understanding with the Borrower or any Restricted Subsidiary unless (x) the terms
of any such agreement, contract, arrangement or understanding, taken as a whole (as shall be determined by the Borrower in good faith),
are no less favorable to the Borrower or such Restricted Subsidiary than those that might be obtained at the time from Persons who are
not Affiliates of the Borrower or (y) the Borrower or any Restricted Subsidiary would be permitted to enter into such agreement, contract,
arrangement or understanding with an Unrestricted Subsidiary pursuant to Section 7.9;

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(c)       is
a Person with respect to which neither the Borrower nor any of its Restricted Subsidiaries has any direct or indirect obligation (x) to
subscribe for additional Capital Stock or warrants, options or other rights to acquire Capital Stock or (y) to maintain or preserve such
Person’s financial condition or to cause such Person to achieve any specified levels of operating results, unless, in each case,
the Borrower or any Restricted Subsidiary would be permitted to incur any such obligation with respect to an Unrestricted Subsidiary pursuant
to Section 7.7; and

(d)       does
not guarantee or otherwise provide credit support after the time of such designation for any Indebtedness of the Borrower or any of its
Restricted Subsidiaries unless it also guarantees or provides credit support in respect of the Obligations, in the case of clauses
(a), (b) and (c), except to the extent not otherwise prohibited by Section 7.7.

If, at any time, any Unrestricted Subsidiary
would fail to meet the foregoing requirements as an Unrestricted Subsidiary, it shall thereafter cease to be an Unrestricted Subsidiary
for purposes hereof. Subject to the foregoing, the Borrower may at any time designate any Unrestricted Subsidiary to be a Restricted Subsidiary
or any Restricted Subsidiary to be an Unrestricted Subsidiary; provided, that

(i)       such
designation shall only be permitted if no Event of Default would be in existence following such designation,

(ii)        any
designation of an Unrestricted Subsidiary as a Restricted Subsidiary shall be deemed to be an incurrence of Indebtedness by a Restricted
Subsidiary of any outstanding Indebtedness of such Unrestricted Subsidiary,

(iii)        any
designation of a Restricted Subsidiary as an Unrestricted Subsidiary shall be deemed to be an Investment in an Unrestricted Subsidiary
and shall reduce amounts available for Investments in Unrestricted Subsidiaries permitted by Section 7.7 in an amount equal
to the Fair Market Value of the Subsidiary so designated,

(iv)        any
designation or re-designation of a Subsidiary as an Unrestricted Subsidiary or Restricted Subsidiary shall be consistent for the purposes
of this Agreement, the Term Loan Agreement and the 2024 Notes and

(v)        if
such designation is of a Restricted Subsidiary that

(A)        contributes
in excess of 10% of the Tranche A Borrowing Base immediately prior to the designation of such Subsidiary as an Unrestricted Subsidiary
or

(B)        owns
Intellectual Property such that after giving effect to the designation of such Subsidiary as an Unrestricted Subsidiary Inventory in excess
of 10% of the Tranche A Borrowing Base immediately prior to such designation would no longer constitute Eligible Inventory,

then, in either case, prior to such designation,
the Borrower shall deliver to the Administrative Agent an updated Borrowing Base Certificate demonstrating, after giving pro forma effect
to such designation as an Unrestricted Subsidiary and any other transactions in connection therewith (including, without limitation, any
prepayment or repayment of the Loans and removal from the Borrowing Base of any Inventory that is no longer Eligible Inventory), if such
designation is on or after the Tranche A Revolving Discharge Date, the aggregate principal amount of the SISO Term Loans then outstanding
does not exceed the Tranche A Borrowing Base.

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Any such Borrowing Base Certificate shall
be delivered or caused to be delivered to the Lenders.

(vi)        if
such designation occurs during a Liquidity Event Period or a Liquidity Event Period would result therefrom, the Borrower shall have demonstrated
compliance with Section 7.1, calculating the Financial Covenant Fixed Charge Coverage Ratio on a pro forma basis as if such
designation and/or any other transaction in connection therewith shall have occurred at the beginning of the Test Period (and the Borrower
shall have delivered to the Administrative Agent such financial information as it may reasonably request demonstrating such compliance).

For the avoidance of doubt, a Local Borrowing
Subsidiary may not be designated as an Unrestricted Subsidiary so long as such Restricted Subsidiary is a Local Borrowing Subsidiary.

“US Lender”:
as defined in Section 2.20(g).

“USA Patriot
Act”: as defined in Section 10.18.

“Weighted
Average Life to Maturity”: when applied to any Indebtedness at any date, the number of years obtained by dividing
(a) the sum of the products obtained by multiplying (i) the amount of each then remaining installment, sinking fund,
serial maturity or other required payments of principal, including payment at final maturity, in respect thereof, by (ii) the
number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment; by
(b) the then outstanding principal amount of such Indebtedness.

“Will be able
to pay their Liabilities as they mature”: for the period from the date hereof through the Latest Maturity Date, the Borrower
and its Subsidiaries taken as a whole and after giving effect to the consummation of the Transactions will have sufficient assets, credit
capacity and cash flow to pay their Liabilities as those Liabilities mature or (in the case of contingent Liabilities) otherwise become
payable, in light of business conducted or anticipated to be conducted by the Borrower and its Subsidiaries as reflected in the projected
financial statements and in light of the anticipated credit capacity.

“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 any certificate or other document made or delivered pursuant hereto or thereto, (i) accounting
terms relating to the Borrower and its Subsidiaries not defined in Section 1.1 and accounting terms partly defined in Section
1.1, to the extent 

    	 	79	 

     

    

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,” and
(iii) references to agreements or other Contractual Obligations shall, unless otherwise specified, be deemed to refer to such agreements
or Contractual Obligations as amended, supplemented, restated or otherwise modified from time to time.

(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, and Section, Schedule and Exhibit references
are to this Agreement unless otherwise specified.

(d)       The
term “license” shall include sub-license. The term “documents” includes any and all documents whether in physical
or electronic form.

(e)       The
meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms.

(f)       Notwithstanding
any other provision contained herein, all terms of an accounting or financial nature used herein shall be construed, and all
computations of amounts and ratios referred to herein shall be made (i) without giving effect to any election under Accounting
Standards Codification 825-10-25 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar
result or effect) to value any Indebtedness or other liabilities of the Borrower or any Subsidiary at “fair value”, as
defined therein, and (ii) without giving effect to any treatment of Indebtedness in respect of convertible debt instruments under
Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a
similar result or effect) to value any such Indebtedness in a reduced or bifurcated manner as described therein, and such
Indebtedness shall at all times be valued at the full stated principal amount thereof.

(g)       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 that no Default, Event of Default or specified Event of Default, as applicable, has occurred,
is continuing or would result from any such action, as applicable, at the option of the Borrower pursuant to an LCA Election such condition
shall be deemed satisfied so long as no Default, Event of Default or specified Event of Default, as applicable, exists on the date the
definitive agreements for such Limited Condition Acquisition are entered into after giving pro forma effect to such Limited Condition
Acquisition and the actions to be taken in connection therewith (including any incurrence of Indebtedness and the use of proceeds thereof)
as if such Limited Condition Acquisition and other actions had occurred on such date. For the avoidance of doubt, if the Borrower has
exercised its option under the first sentence of this clause (g), and any Default or Event of Default occurs following the
date the definitive agreements for the applicable Limited Condition Acquisition were entered into and prior to the consummation of such
Limited Condition Acquisition, any such Default or Event of Default shall be deemed not to have occurred or be continuing solely for purposes
of determining whether any action being taken in connection with such Limited Condition Acquisition is permitted hereunder.

(h)       In
connection with any action being taken solely in connection with a Limited Condition Acquisition, for purposes of:

(i)       determining
compliance with any provision of this Agreement which requires the calculation of the Consolidated Net First Lien Leverage Ratio, Consolidated
Net Secured Leverage Ratio, Consolidated Net Total Leverage Ratio, Financial Covenant Fixed Charge Coverage Ratio or Fixed Charge Coverage
Ratio; or

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(ii)       testing
availability under baskets set forth in this Agreement (including baskets measured as a percentage of Consolidated Total Assets);

in each case, at the option of the
Borrower (the Borrower’s election to exercise such option in connection with any Limited Condition Acquisition, an
“LCA Election”), 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 four consecutive fiscal quarters ending prior to the LCA Test Date for which
consolidated financial statements of the Borrower 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. For the avoidance of
doubt, if the Borrower has made an LCA Election and any of the ratios or baskets for which compliance was determined or tested as of
the LCA Test Date are exceeded as a result of fluctuations in any such ratio or basket, including due to fluctuations in
Consolidated Total Assets of the Borrower or the Person subject to such Limited Condition Acquisition, at or prior to the
consummation of the relevant transaction or action, such baskets or ratios will not be deemed to have been exceeded as a result of
such fluctuations. If the Borrower has made an LCA Election for any Limited Condition Acquisition, then in connection with any
subsequent calculation of any ratio or basket availability with respect to the incurrence of Indebtedness or Liens, or the making of
Restricted Payments, mergers, the conveyance, lease or other transfer of all or substantially all of the assets of the Borrower, the
prepayment, redemption, purchase, defeasance or other satisfaction of Indebtedness, or the designation of an Unrestricted 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 such Limited Condition
Acquisition and other transactions in connection therewith (including any incurrence of Indebtedness and the use of proceeds
thereof) have been consummated; provided that the calculation of Consolidated Net Income (and any defined term a
component of which is Consolidated Net Income) shall not include the Consolidated Net Income of the Person or assets to be acquired
in any Limited Condition Acquisition for usages other than in connection with the applicable transaction pertaining to such Limited
Condition Acquisition until such time as such Limited Condition Acquisition is actually consummated (clauses (g) and (h),
collectively, the “Limited Condition Acquisition Provision”).

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

1.3       Pro
Forma Calculations.

(i) Any calculation to be determined on a “pro forma” basis, after giving “pro forma”
effect to certain transactions or pursuant to words of similar import and (ii) the Consolidated Net First Lien Leverage Ratio, the Consolidated
Net Secured Leverage Ratio, the Consolidated Net Total Leverage Ratio, the Financial Covenant Fixed Charge Coverage Ratio and the Fixed
Charge Coverage Ratio, in each case, shall be calculated as follows (subject to the provisions of Section 1.2):

    	 	81	 

     

    

(a)       for
purposes of making the computation referred to above, in the event that the Borrower or any of its Restricted Subsidiaries incurs, assumes,
guarantees, redeems, retires, defeases or extinguishes any Indebtedness or enters into, terminates or cancels a Qualified Contract, other
than the completion thereof in accordance with its terms, subsequent to the commencement of the period for which such ratio is being calculated
but on or prior to or substantially concurrently with or for the purpose of the event for which the calculation is made (a “Calculation
Date”), then such calculation shall be made giving pro forma effect to such incurrence, assumption, guarantee, redemption,
retirement, defeasance or extinguishment of Indebtedness or entry into, termination or cancellation of such Qualified Contract (other
than the completion thereof in accordance with its terms) as if the same had occurred at the beginning of the applicable Test Period;
provided, that the aggregate amount of revenues (and related assets) included in such pro forma calculation for any Test
Period pursuant to this clause 1.3(a) with respect to Qualified Contracts shall not exceed $50 million in revenues (and
any such related assets); provided, further, that for purposes of making the computation of Consolidated Net
First Lien Leverage, Consolidated Net Secured Leverage, Consolidated Net Total Leverage or Fixed Charges for the computation of the Consolidated
Net First Lien Leverage Ratio, Consolidated Net Secured Leverage Ratio, Consolidated Net Total Leverage Ratio, Financial Covenant Fixed
Charge Coverage Ratio or Fixed Charge Coverage Ratio, as applicable, Consolidated Net First Lien Leverage, Consolidated Net Secured Leverage,
Consolidated Net Total Leverage or Fixed Charges, as applicable, shall be Consolidated Net First Lien Leverage, Consolidated Net Secured
Leverage, Consolidated Net Total Leverage or Fixed Charges as of the date the relevant action is being taken giving pro forma effect
to any redemption, retirement or extinguishment of Indebtedness in connection with such event; and

(b)       for
purposes of making the computation referred to above, if any Investments (including the Transactions), brand acquisitions, Dispositions
or designations of Unrestricted Subsidiaries or Restricted Subsidiaries are made (or committed to be made pursuant to a definitive agreement)
subsequent to the commencement of the period for which such calculation is being made but on or prior to or simultaneously with the relevant
Calculation Date, then such calculation shall be made giving pro forma effect to such Investments, brand acquisitions, Dispositions
and designations as if the same had occurred at the beginning of the applicable Test Period in a manner consistent, where applicable,
with the pro forma adjustments set forth in clause (n) of the definition of “Consolidated EBITDA” and
clause (o) of the definition of “Consolidated Net Income”. If since the beginning of such period any Person
that subsequently became a Restricted Subsidiary or was merged with or into the Borrower or any of its Restricted Subsidiaries since
the beginning of such period shall have made any Investment, brand acquisitions or Disposition that would have required adjustment pursuant
to this provision, then such calculation shall be made giving pro forma effect thereto for such Test Period as if such Investment,
brand acquisitions or Disposition had occurred at the beginning of the applicable Test Period.

1.4       Exchange
Rates; Currency Equivalents.

The Administrative Agent shall determine the Spot Rates as of each Revaluation Date to be used for
calculating Dollar Equivalent amounts of the face amount of Letters of Credit, L/C Disbursements in respect of such Letters of Credit,
Local Loans and/or Acceptances denominated in Permitted Foreign Currencies. Such Spot Rates shall become effective as of such Revaluation
Date and shall be the Spot Rates employed in converting any amounts between the applicable currencies until the next Revaluation Date
to occur. The Administrative Agent shall notify the applicable Issuing Lender and the Borrower on each Revaluation Date of the Spot Rates
determined by it and the related Dollar Equivalent of Local Loans and Acceptances then outstanding. Solely for purposes of Sections
2 and 3 and related definitional provisions to the extent used in such Sections, the applicable amount of any currency
(other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent amount as so determined by the Administrative
Agent and notified to the Borrower and the applicable Issuing Lender in accordance with this Section 1.4. If any basket
is exceeded solely as a result of fluctuations in

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applicable currency exchange rates after the
last time such basket was utilized, such basket will not be deemed to have been exceeded solely as a result of such fluctuations in currency
exchange rates. For purposes of determining the Consolidated Net First Lien Leverage Ratio, the Consolidated Net Secured Leverage Ratio,
the Consolidated Net Total Leverage Ratio, the Financial Covenant Fixed Charge Coverage Ratio and the Fixed Charge Coverage Ratio, amounts
denominated in a currency other than Dollars will be converted to Dollars for the purposes of calculating any Consolidated Net Total
Leverage Ratio, the Consolidated Net Secured Leverage Ratio, the Consolidated Net First Lien Leverage Ratio, the Financial Covenant Fixed
Charge Coverage Ratio and the Fixed Charge Coverage Ratio, at the Spot Rate as of the date of calculation, and will, in the case of Indebtedness,
reflect the currency translation effects, determined in accordance with GAAP, of Hedge Agreements permitted hereunder for currency exchange
risks with respect to the applicable currency in effect on the date of determination of the Dollar Equivalent of such Indebtedness.

1.5       Letter
of Credit and Acceptance Amounts.

Unless otherwise specified herein, the amount of a Letter of Credit or Acceptance at any time
shall be deemed to be the Dollar Equivalent of the stated amount of such Letter of Credit or Acceptance, as applicable, in effect at
such time; provided, however, that with respect to any Letter of Credit or Acceptance that, by its terms
or the terms of the Application or any other document, agreement or instrument entered into by the applicable Issuing Lender or Local
Fronting Lender, as applicable, and the Borrower with respect thereto, provides for one or more automatic increases in the stated amount
thereof, the amount of such Letter of Credit or Acceptance, as applicable, shall be deemed to be the maximum stated amount of such Letter
of Credit or Acceptance, as applicable, after giving effect to all such increases, whether or not such maximum stated amount is in effect
at such time.

1.6       Covenants.

For purposes of determining compliance with Section 7 (other than Section 7.6 or Sections 7.2(i), 7.2(j)(ii),
7.2(p) or 7.2(aa)), in the event that an item or event (or any portion thereof) meets the criteria of one or more of the
categories described in a particular covenant contained in Section 7 (other than Section 7.6 or Sections
7.2(i), 7.2(j)(ii), 7.2(p) or 7.2(aa)), the Borrower may, in its sole discretion, classify and reclassify or later divide,
classify or reclassify (as if incurred at such later time) such item or event (or any portion thereof) and may include the amount and
type of such item or event (or any portion thereof) in one or more of the relevant clauses or subclauses, in each case, within such covenant
and will be entitled to include such item or event (or any portion thereof) only in one of the relevant clauses or subclauses (or any
portion thereof). In the case of an item or event (or any portion thereof) that is incurred pursuant to or otherwise included in a clause
or subclause (or any portion thereof) of a covenant that does not rely on criteria based on the Consolidated Net First Lien Leverage
Ratio, the Consolidated Net Secured Leverage Ratio, the Consolidated Net Total Leverage Ratio, the Financial Covenant Fixed Charge Coverage
Ratio or the Fixed Charge Coverage Ratio (any such item or event, a “Fixed Basket Item or Event” and any such
clause, subclause or any portion thereof, a “Fixed Basket”) substantially concurrently with an item or event
(or any portion thereof) that is incurred pursuant to or otherwise included in a clause or subclause (or any portion thereof) of a covenant
that relies on criteria based on such financial ratios or tests (any such item or event, a “Ratio Basket Item or Event”
and any such clause, subclause or any portion thereof, a “Ratio Basket”), such Ratio Basket Item or Event shall
be treated as having been incurred or existing pursuant only to such Ratio Basket without giving pro forma effect to any such Fixed Basket
Item or Event (other than a Fixed Basket Item or Event that relies on the term “Permitted Refinancing”, “Permitted
Revolving Refinancing Obligations” or “Permitted SISO Refinancing Obligations”) incurred pursuant to or otherwise included
in a Fixed Basket substantially concurrently with such Ratio Basket Item or Event when calculating the amount that may be incurred or
existing pursuant to any such Ratio Basket. Furthermore, (A) for purposes of Section 7.2, the amount of 

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any Indebtedness denominated in any currency
other than Dollars shall be calculated based on the applicable Spot Rate, in the case of such Indebtedness incurred (in respect of funded
term Indebtedness) or committed (in respect of revolving or delayed draw Indebtedness), on the date that such Indebtedness was incurred
(in respect of funded term Indebtedness) or committed (in respect of revolving or delayed draw Indebtedness); provided
that if such Indebtedness is incurred to refinance other Indebtedness denominated in a currency other than Dollars (or in a different
currency from the Indebtedness being refinanced), and such refinancing would cause the applicable Dollar-denominated restriction to be
exceeded if calculated at the applicable Spot Rate on the date of such refinancing, such Dollar-denominated restriction shall be deemed
not to have been exceeded so long as the principal amount of such refinancing Indebtedness does not exceed (i) the outstanding or committed
principal amount, as applicable, of such Indebtedness being refinanced plus (ii) the aggregate amount of accrued interest, fees, underwriting
discounts, premiums and other costs and expenses incurred in connection with such refinancing, (B) for purposes of Sections 7.3,
7.5, 7.6 and 7.7, the amount of any Liens, Dispositions, Restricted Payments and Investments,
as applicable, denominated in any currency other than Dollars shall be calculated based on the applicable Spot Rate, (C) for purposes
of any calculation under Sections 7.2 and 7.3, if the Borrower elects to give pro forma effect in such calculation
to the entire committed amount of any proposed Indebtedness, whether or not then drawn, such committed amount may thereafter be borrowed
and reborrowed, in whole or in part, from time to time, without further compliance with Section 7.2 or 7.3,
but for so long as such Indebtedness is outstanding or in effect, the entire committed amount of such Indebtedness then in effect shall
be included in any calculations under Sections 7.2 and 7.3, (D) any cash proceeds of Indebtedness shall
be excluded as Unrestricted Cash and not netted for purposes of calculating any financial ratios and tests with respect to any substantially
concurrent incurrence of a Ratio Basket Item or Event pursuant to a Ratio Basket and (E) any Fixed Basket Item or Event incurred pursuant
to or otherwise included pursuant to a Fixed Basket based on Consolidated Total Assets shall be calculated based upon the Consolidated
Total Assets at the time of such incurrence (it being understood that a Default shall be deemed not to have occurred solely to the extent
that the Consolidated Total Assets after the time of such incurrence declines).

Section II.

AMOUNT AND TERMS OF COMMITMENTS

2.1       [reserved].

2.2       [reserved].

2.3       [reserved].

2.4       Revolving
Commitments and Term Loans.

(a)       Loans

(i)       (A)       Tranche
A Revolving Loans. Subject to the terms and conditions hereof, each Tranche A Revolving Lender severally agrees to make revolving
credit loans in Dollars (“Tranche A 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 such Tranche A Revolving Lender’s
other Tranche A Revolving Extensions of Credit then outstanding, does not exceed the amount of such Tranche A Revolving Lender’s
Tranche A Revolving Commitment; provided that after giving effect to the making and the use of proceeds thereof, the aggregate
Tranche A Revolving Extensions of Credit shall not exceed the Tranche A Availability then in effect.

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(B)       SISO
Term Loans. Subject to the terms and conditions hereof, each Amendment No. 8 SISO Term Lender severally agrees to make term loans
in Dollars (“Amendment No. 8 SISO Term Loans” or “SISO Term Loans”) to the Borrower
on the Amendment No. 8 Effective Date in an aggregate principal amount not to exceed the amount of such Amendment No. 8 SISO Term Lender’s
Amendment No. 8 SISO Term Commitment. Once repaid by or on behalf of the Borrower, SISO Term Loans may not be reborrowed.

(ii)       Tranche
B Term Loans

(A)       On
the 2021 Notes Exchange Effective Date, the Borrower shall deliver a register (the “Tranche B Rights
Register”) of each Person (such Person, the “Tranche B Rights Holder”) that, pursuant to the
2021 Notes Exchange, has the right to cause the Borrower to issue Tranche B Term Loans (a “Tranche B
Right”) to such Person or its designee in accordance with the 2021 Notes Exchange (any such recipient of such Tranche
B Term Loans, a “Tranche B Recipient”). The Tranche B Rights Register shall identify each Person by legal
name, the amount of 2021 Notes tendered by such Person and the aggregate principal amount of Tranche B Term Loans such Person or its
designated Tranche B Recipient may receive. To be eligible to receive a Tranche B Term Loan, a Tranche B Recipient must be an
Eligible Assignee. To designate another Person as its Tranche B Recipient, a Tranche B Rights Holder shall deliver a notice of
designation, in a form acceptable to the Tranche B Administrative Agent, identifying the Tranche B Rights Holder and the aggregate
principal amount of loans to be received by the designated Tranche B Recipient (a “Tranche B Rights
Designation”).

(B)       To
exercise such rights, a Tranche B Rights Holder shall deliver (or cause it designated Tranche B Recipient to deliver) a 2021 Notes Lender
Joinder Agreement, a Tranche B Rights Designation (if applicable), all documentation and other information reasonably determined by the
Tranche B Administrative Agent to be required by applicable “know your customer” and anti-money laundering rules and regulations,
including the USA Patriot Act, and such other customary documentation as may be reasonably requested by the Tranche B Administrative Agent.
Upon execution and delivery of a 2021 Notes Lender Joinder Agreement by such Tranche B Term Lender on or after the 2021 Notes Exchange
Effective Date to the Tranche B Administrative Agent with such completed documentation (and upon acceptance of such 2021 Notes Lender
Joinder Agreement and documentation by such Tranche B Administrative Agent), each Tranche B Term Lender shall be deemed to have
made a term loan in Dollars on a cashless basis (“Tranche B Term Loans”) to the Borrower as of the 2021 Notes
Exchange Effective Date in accordance with the 2021 Notes Exchange and in an aggregate principal amount as set forth in the Initial Tranche
B Facility Register; provided, that the aggregate principal amount of all Tranche B Term Loans shall not exceed $50,000,000. 
On the Amendment No. 5 Effective Date, if the Tranche B Maximum Amount exceeds the Tranche B Borrowing Base at such time, a Push Down
Reserve shall be established against the Tranche A Borrowing Base in the amount of such excess. Once repaid by or on behalf of the Borrower,
Tranche B Term Loans may not be reborrowed. Any Tranche B Term Loans deemed borrowed on the 2021 Notes Exchange Effective Date shall be
deemed to be a Eurocurrency Loan with an Interest Period of three months.

(C)       On
the 2021 Notes Exchange Effective Date, the Borrower shall deliver to the Tranche B Administrative Agent a register with the name of each
Tranche B Term 

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Lender and the aggregate principal amount of the Tranche B Term Loans held by such Lender (the “Initial Tranche
B Term Facility Register”) as of the 2021 Notes Exchange Effective Date. The entries on the Initial Tranche B Term Facility
Register shall be conclusive and the Tranche B Administrative Agent may treat each person whose name is recorded in the Initial Tranche
B Term Register as the owner of Tranche B Term Loans in an aggregate principal amount as set forth in the Initial Tranche B Term Facility
Register as of the 2021 Notes Exchange Effective Date for all purposes of this Agreement, notwithstanding any notice to the contrary.
The entries on the Tranche B Rights Register shall be conclusive and the Tranche B Administrative Agent
may treat each person whose name is recorded in the Tranche B Rights Register as the owner of the right to cause the Borrower to issue
Tranche B Term Loans in the amount set forth in the Tranche B Rights Register for all purposes of this Agreement, notwithstanding any
notice to the contrary. For the avoidance of doubt, the Tranche B Administrative Agent shall have no liability for the accuracy or completeness
of the Initial Tranche B Term Facility Register or the Tranche B Rights Register. To the extent there is any conflict between a 2021 Notes
Lender Joinder Agreement and the Initial Tranche B Term Facility Register, the Initial Tranche B Term Facility Register shall govern.
To the extent there is any conflict between a 2021 Notes Lender Joinder Agreement or the Initial Tranche B Term Facility Register and
the Tranche B Rights Register, the Tranche B Rights Register shall govern.  

(iii)       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.

(iv)       [reserved].

(v)       The
Revolving Loans, the SISO Term Loans and Tranche B Term Loans may from time to time be Eurocurrency Loans or, solely in the case of Revolving
Loans, the SISO Term Loans and Tranche B Term Loans, in each case, denominated in Dollars, ABR Loans, as determined by the Borrower and
notified to the Administrative Agent in accordance with Sections 2.5 and 2.13.

(b)       Subject
to the terms and conditions hereof, each Local Fronting Lender severally agrees to make loans (and, to the extent provided in Section
2.31, to create Acceptances) under the aggregate Tranche A Revolving Commitments, in Dollars or in the Permitted Foreign
Currency set forth on Schedule 2.4(b), to the Borrower or to the Local Borrowing Subsidiary for such Permitted Foreign Currency
from time to time during the Revolving Commitment Period (individually, a “Local Loan”, and collectively, the
“Local Loans”); provided, however, that, after giving effect to the making and the
use of proceeds thereof, (i) the aggregate amount of the Local Outstandings of such Local Fronting Lender shall not exceed the amount
equal to its Currency Sublimit then in effect and (ii) the aggregate Tranche A Revolving Extensions of Credit shall not exceed the Tranche
A Availability then in effect. The Local Loans made by each Local Fronting Lender generally shall be made by such Local Fronting Lender
from a lending office which is located within the jurisdiction of its respective Permitted Foreign Currency; provided, however,
that, in the event that the Company or the relevant Local Borrowing Subsidiary so requests and the relevant Local Fronting Lender (in
its sole discretion) so agrees, any Local Loans to be made by such Local Fronting Lender may be made from a lending office of such Local
Fronting Lender which is not located in the jurisdiction of its Permitted Foreign Currency. During the Revolving Commitment Period, the
Local Borrowers may use the aggregate Tranche A Revolving Commitments by borrowing Local Loans and Acceptances, repaying the Local Loans
and Acceptances in whole or in part and reborrowing, all in accordance with the terms and conditions hereof. Notwithstanding anything
to

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 the contrary contained herein, on and after the Amendment No. 8 Effective Date, there are no outstanding Local Loans.

(c)       Notwithstanding
anything to the contrary contained in this Agreement or any other Loan Document,

(i)       no
Local Borrowing Subsidiary organized under the laws of any jurisdiction outside the United States shall pay or be obligated under any
Loan Document to pay any amounts, including any amounts owing by or on account of any other Loan Party pursuant to this Agreement or any
other Loan Document or in respect of any other Secured Obligations, other than the Obligations arising from the Local Loans of such Local
Borrowing Subsidiary and

(ii)       no
assets of any Local Borrowing Subsidiary organized outside of the United States shall be used to pay or secure obligations of the Company,
any other Loan Party or any other Local Borrowing Subsidiary under any Loan Document or in respect of any other Secured Obligations, in
each case of clauses (i) and (ii), only to the extent that the Borrower has not elected to make such Local
Borrowing Subsidiary a Subsidiary Guarantor.

(d)       Notwithstanding
the provisions set forth in Section 2.10, Section 2.11 and Section 2.12 each of which
shall not apply to repayments or terminations of Loans or Commitments pursuant to this Section 2.4(d), the Borrower
shall repay all outstanding Revolving Loans, Local Loans and Swingline Loans on the Revolving Termination Date with respect to the
applicable Tranche of Revolving Loans or commitments. For the avoidance of doubt, unless terminated earlier, all Tranche A Revolving
Commitments shall automatically terminate on the Revolving Termination Date with respect to the Tranche A Revolving Facility. The
Borrower shall repay all outstanding SISO Term Loans on the Revolving Termination Date with respect to the SISO Term Loans. The
Borrower shall repay all outstanding Tranche B Term Loans on the Revolving Termination Date with respect to the Tranche B Term
Loans.

2.5       Procedure
for Borrowing.

(a)       The
Borrower may borrow (i) under the applicable Revolving Commitments during the applicable Revolving Commitment Period on any Business Day
and (ii) the Amendment No. 8 SISO Term Loans in a single draw on the Amendment No. 8 Effective Date; provided that the Borrower
shall give the Administrative Agent irrevocable written notice (which notice must be received by the Administrative Agent in the case
of Eurocurrency Loans denominated in Dollars, prior to 12:00 Noon, New York City time, three Business Days prior to the requested Borrowing
Date, or in the case of ABR Loans up to $40 million, prior to 10:00 a.m., New York City time, on the proposed Borrowing Date, or
in the case of ABR Loans in excess of $40 million, prior to 1:00 p.m., New York City time, one Business Day prior to the proposed Borrowing
Date), specifying (w) the amount and Type of Loans to be borrowed, (x) the requested Borrowing Date, and (y) in the case of Eurocurrency
Loans, the respective amounts of each such Type of Loan and the respective lengths of the initial Interest Period therefor; provided,
further, that if the Borrower wishes to request Eurocurrency Loans having an Interest Period other than one, three or six
months in duration as provided in the definition of “Interest Period,” the applicable notice must be received by the Administrative
Agent not later than 11:00 a.m. four Business Days prior to the requested date of such borrowing, conversion or continuation, whereupon
the Administrative Agent shall give prompt notice to the appropriate Lenders of such request and determine whether the requested Interest
Period is acceptable to all of them.

Not later than 11:00 a.m.,
three Business Days before the requested date of such borrowing, conversion or continuation, the Administrative Agent shall notify the
Borrower (which notice may be by

    	 	87	 

     

    

 telephone) whether or not the requested Interest Period has been consented to by all the Lenders. Each
borrowing by the Borrower under the Revolving Commitments shall be in an amount equal to (x) in the case of ABR Loans, $250,000 or a whole
multiple of $100,000 in excess thereof (or, if the then aggregate Available Revolving Commitments of Revolving Lenders in respect of any
Tranche are less than $250,000, such lesser amount with respect to borrowings under such Tranche) and (y) in the case of Eurocurrency
Loans, the Borrowing Minimum or a whole multiple of the Borrowing Multiple in excess thereof. Upon receipt of any such notice from the
Borrower, the Administrative Agent shall promptly notify each applicable Lender thereof. Each applicable Lender will make the amount of
its pro rata share of each borrowing available to the Administrative Agent for the account of the Borrower at the Funding
Office prior to 3:00 p.m., New York City time, 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 the account designated in writing
by the Borrower to the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by such Lenders
and in like funds as received by the Administrative Agent. If no election as to the Type of a Loan is specified, then the requested Loan
shall be an ABR Loan. If no Interest Period is specified with respect to any requested Eurocurrency Loan, the Borrower shall be deemed
to have selected an Interest Period of one month’s duration. Each Swingline Loan shall be made in accordance with the procedures
set forth in Section 2.6.

(b)       Prior
to the Amendment No. 7 Amendment Date, each Local Borrower may request a borrowing of Local Loans under the aggregate Tranche A Revolving
Commitments in Dollars or in the relevant Permitted Foreign Currency from the applicable Local Fronting Lender during the Revolving Commitment
Period with respect to the Tranche A Revolving Facility on any Business Day by submitting an irrevocable written notice to the relevant
Local Fronting Lender (with a copy to the Administrative Agent), specifying

(i)       the
aggregate principal amount of the relevant currency to be borrowed,

(ii)       the
requested Borrowing Date,

(iii)       whether
the Local Loans to be borrowed are to be (x) in the case of Local Loans denominated in Dollars, ABR Loans or Eurocurrency Loans or (y)
in the case of Local Loans denominated in a Permitted Foreign Currency, Eurocurrency Loans or Local Rate Loans, or a combination thereof
and, if a combination, the respective aggregate amount of each type of borrowing and

(iv)       if
the Local Loans to be borrowed are Eurocurrency Loans or (if it is customary in the relevant jurisdiction for Local Rate Loans to be subject
to Interest Periods) Local Rate Loans, the length of the Interest Period or Interest Periods applicable thereto.

As of the Amendment No.
7 Amendment Date, there are no outstanding Local Loans.

Any such notice of borrowing
must be received by the relevant Local Fronting Lender prior to 11:00 a.m., local time, three Business Days prior to the requested Borrowing
Date (or such shorter period prior thereto as such Local Fronting Lender may agree) in the case of Eurocurrency Loans, and one Business
Day prior to the requested Borrowing Date, in the case of ABR Loans or Local Rate Loans (with the presentation by any third party of any
check or draft drawn on the account of the relevant Local Borrower or any other borrowing by way of overdraft being deemed to constitute
a notice of borrowing of Local Rate Loans in the amount of such check, draft or other borrowing, to the extent that insufficient funds
are then available for the payment thereof in the account of such Local Borrower with the relevant Local Fronting Lender). In the event
that the relevant Local Fronting Lender determines on the requested 

    	 	88	 

     

    

Borrowing Date that the making of such requested Local Loan will not
cause the Local Outstandings of such Local Fronting Lender to exceed the amount equal to its Currency Sublimit then in effect (in each
case, as has been notified to such Local Fronting Lender by the Administrative Agent pursuant to Section 2.30(b)), such
Local Fronting Lender will make the requested Local Loan available to the relevant Local Borrower, at the principal lending office of
such Local Fronting Lender in the relevant jurisdiction, by 1:00 p.m., local time, on the requested Borrowing Date, in funds immediately
available to such Local Borrower. Promptly following the making of each such Local Loan, such Local Fronting Lender shall provide notice
to the Administrative Agent of the amount thereof. The minimum amount of each borrowing of Local Loans shall be in an aggregate principal
amount (not to exceed the relevant Currency Sublimit) to be mutually agreed upon by the relevant Local Fronting Lender and the relevant
Local Borrower. Notwithstanding anything to the contrary contained in this Section 2.5, no Local Fronting Lender shall be
obligated hereunder to advance any Local Loan by way of an overdraft, but rather shall provide overdrafts only if it elects (in its sole
discretion) to do so.

2.6       Swingline
Loans.

(a)       Subject
to the terms and conditions set forth herein and after the appointment thereof by the Borrower, the Swingline Lender, in reliance upon
the agreements of the other Tranche A Revolving Lenders set forth in this Section 2.6, shall make Swingline Loans to
the Borrower from time to time in Dollars during the Revolving Commitment Period with respect to the Tranche A Revolving Facility, in
an aggregate principal amount at any time outstanding that will not result in

(i)        the
aggregate principal amount of outstanding Swingline Loans exceeding $0 or

(ii)        the
aggregate Tranche A Revolving Extensions of Credit exceeding the Tranche A Availability then in effect;

provided, that the Swingline
Lender shall not be required to make a Swingline Loan (i) to refinance an outstanding Swingline Loan or (ii) if it shall determine
(which determination shall be conclusive and binding absent manifest error) that it has, or by making such Swingline Loan may have, Fronting
Exposure. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, repay and reborrow
Swingline Loans. Each Swingline Loan shall be an ABR Loan.

(b)       To
request a Swingline Loan, the Borrower shall notify the Administrative Agent and the Swingline Lender of such request by telephone (promptly
confirmed by telecopy), not later than 1:00 p.m., New York City time, on the day of a proposed Swingline Loan. Each such notice shall
be irrevocable and specify (y) the requested date (which shall be a Business Day) and amount of the requested Swingline Loan, and (z)
proper wire instructions for the same. Promptly after receipt by the Swingline Lender of any telephonic Swingline Loan notice, the Swingline
Lender will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has also received such Swingline
Loan notice and, if not, the Swingline Lender will notify the Administrative Agent (by telephone or in writing) of the contents thereof.
Unless the Swingline Lender has received notice (by telephone or in writing) from the Administrative Agent (including at the request of
any Tranche A Revolving Lender) prior to 2:00 p.m. on the date of the proposed Swingline Loan (A) directing the Swingline Lender not to
make such Swingline Loan as a result of the limitations set forth in Section 2.6(a), or (B) that one or more of the applicable
conditions specified in Section 5.2 is not then satisfied, then, subject to the terms and conditions hereof, the Swingline
Lender shall make each Swingline Loan available to the Borrower at its office by crediting the account of the Borrower on the books of
the Swingline Lender in immediately available funds by 3:00 p.m., New York City time, on the requested 

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date of such Swingline Loan. Swingline
Loans shall be made in an amount equal to $100,000 or a whole multiple of $100,000 in excess thereof.

(c)       The
Borrower shall have the right at any time and from time to time to repay, without premium or penalty, any Swingline Loan, in whole or
in part, upon giving written or telecopy notice (or telephone notice promptly confirmed by written or telecopy notice) to the Swingline
Lender and to the Administrative Agent before 3:00 p.m., New York City time on the date of repayment at the Swingline Lender’s address
for notices specified in the Swingline Lender’s administrative questionnaire. All principal payments of Swingline Loans shall be
accompanied by accrued interest on the principal amount being repaid to the date of payment.

(d)       The
Swingline Lender may and, at any time there shall be Swingline Loan outstanding for more than seven days, the Swingline Lender shall
by written notice given to the Administrative Agent not later than 3:00 p.m., New York City time, on any Business Day require the
Tranche A Revolving Lenders to acquire participations on such Business Day in all or a portion of the Swingline Loans outstanding.
Such notice shall specify the aggregate amount of Swingline Loans in which Tranche A Revolving Lenders will participate. Promptly
upon receipt of such notice, the Administrative Agent will give notice thereof to each Tranche A Revolving Lender, specifying in
such notice such Lender’s Tranche A Revolving Percentage of such Swingline Loan or Loans. Each Tranche A Revolving Lender
hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to the Administrative Agent, for the
account of the Swingline Lender, such Revolving Lender’s Tranche A Revolving Percentage of such Swingline Loan or Loans. Each
Tranche A Revolving Lender acknowledges and agrees that its obligation to acquire participations in Swingline Loans pursuant to this
paragraph is absolute and unconditional and shall not be affected by any circumstance whatsoever, including the occurrence and
continuance of a Default or reduction or termination of the Tranche A Revolving Commitments, and that each such payment shall be
made without any offset, abatement, withholding or reduction whatsoever (provided, that such payment shall not cause
such Tranche A Revolving Lender’s Tranche A Revolving Extensions of Credit to exceed such Tranche A Revolving Lender’s
Tranche A Revolving Commitment). Each Tranche A Revolving Lender shall comply with its obligation under this paragraph by wire
transfer of immediately available funds, in the same manner as provided in Section 3.4 with respect to Loans made by
such Lender (and Section 3.4 shall apply, mutatis mutandis, to the payment obligations of the Tranche A
Revolving Lenders), and the Administrative Agent shall promptly pay to the Swingline Lender the amounts so received by it from the
Tranche A Revolving Lenders. The Administrative Agent shall notify the Borrower of any participations in any Swingline Loan acquired
pursuant to this paragraph, and thereafter payments in respect of such Swingline Loan shall be made to the Administrative Agent and
not to the Swingline Lender. Any amounts received by the Swingline Lender from the Borrower (or other party on behalf of the
Borrower) in respect of a Swingline Loan after receipt by the Swingline Lender of the proceeds of a sale of participations therein
shall be promptly remitted to the Administrative Agent; any such amounts received by the Administrative Agent shall be promptly
remitted by the Administrative Agent to the Tranche A Revolving Lenders that shall have made their payments pursuant to this
paragraph and to the Swingline Lender, as their interests may appear. The purchase of participations in a Swingline Loan pursuant to
this paragraph shall not relieve the Borrower of any default in the payment thereof.

(e)       If
the Revolving Termination Date applicable to a Tranche shall have occurred at a time when other Tranches will remain outstanding, then
on such Revolving Termination Date all then outstanding Swingline Loans with respect to such maturing Tranche shall be repaid in full
on such date (and there shall be no adjustment to the participations in such Swingline Loans as a result of the occurrence of such Revolving
Termination Date); provided, that, if on the occurrence of such Revolving Termination Date (after giving effect to any repayments
of Revolving Loans and any reallocation as contemplated in Section 3.4(d)), (i) there shall exist sufficient unutilized
Tranche A Revolving 

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Commitments that will remain outstanding after the date thereof and (ii) the conditions set forth in Sections 5.2(a)
and 5.2(b) shall be satisfied at such time so that the respective outstanding Swingline Loans could be incurred pursuant
to such Tranche A Revolving Commitments which will remain in effect after the occurrence of such Revolving Termination Date, then there
shall be an automatic adjustment on such date of the participations in such Swingline Loans and the same shall be deemed to have been
incurred solely pursuant to such Tranche A Revolving Commitments and such Swingline Loans shall not be so required to be repaid in full
on such Revolving Termination Date.

(f)       Notwithstanding
anything to the contrary contained in this Agreement, in the event a Tranche A Revolving Lender becomes a Defaulting Lender, then such
Defaulting Lender’s Tranche A Revolving Percentage in all outstanding Swingline Loans will automatically be reallocated among the
Tranche A Revolving Lenders that are Non-Defaulting Lenders pro rata in accordance with each Non-Defaulting Lender’s Tranche A Revolving
Percentage (calculated without regard to the Revolving Commitment of the Defaulting Lender), but only to the extent that such reallocation
does not cause the Tranche A Revolving Extensions of Credit of any Non-Defaulting Lender to exceed the Tranche A Revolving Commitment
of such Non-Defaulting Lender. If such reallocation cannot, or can only partially, be effected, the Borrower shall, within five Business
Days after written notice from the Administrative Agent or such longer period as the Administrative Agent shall agree, pay to the Administrative
Agent an amount of cash equal to such Defaulting Lender’s Tranche A Revolving Percentage (calculated as in effect immediately prior
to it becoming a Defaulting Lender) of the outstanding Swingline Loans (after giving effect to any partial reallocation pursuant to the
first sentence of this Section 2.6(f)) to be applied to the repayment of such Swingline Loans. So long as there is a Defaulting
Lender, the Swingline Lender shall not be required to lend any Swingline Loans if the sum of, without duplication, the Non-Defaulting
Lenders’ Tranche A Revolving Percentages of the outstanding Tranche A Revolving Loans, L/C Obligations, Local Loans and Acceptances,
and their participations in Swingline Loans after giving effect to any such requested Swingline Loans would exceed the aggregate Tranche
A Revolving Commitments of the Non-Defaulting Lenders (such excess, “Fronting Exposure”).

2.7       Defaulting
Lenders.

(a)       Defaulting
Lender Cure. If the Borrower, the Administrative Agent, each Issuing Lender and the Swingline 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), that
Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions
as the Administrative Agent may determine to be necessary to cause the Loans and funded and unfunded participations in Letters of Credit,
Swingline Loans, and Local Loans or Acceptances, if applicable, to be held pro rata by the Lenders in accordance with the Commitments
under the applicable Facility (without giving effect to Section 3.4(d)), whereupon such Lender will cease to be a Defaulting
Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf
of the Borrower while that Lender was a Defaulting Lender; and provided, further, that except to the extent
otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release
of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender.

(b)       Defaulting
Lender Waterfall. Any payment of principal, interest or other amounts (other than the payment of (i) commitment fees under Section
2.9, (ii) default interest under Section 2.15(c) and (iii) Letter of Credit fees under Section 3.3,
which in each case shall be applied pursuant to the provisions of those Sections) received by the Administrative Agent for the account
of any Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Section 8 or otherwise) shall be 

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applied by the Administrative Agent as
follows: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent pursuant to Section
9.7; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender (without
duplication of the application of any cash collateral provided by the Borrower pursuant to Section 3.4(d)) to any
Issuing Lender, Local Fronting Lender or Swingline Lender hereunder; third, to be held as security for any L/C
Shortfall (without duplication of any cash collateral provided by the Borrower pursuant to Section 3.4(d)) in a Cash
Collateral Account; fourth, as the Borrower may request (so long as no 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; fifth,
if so determined by the Administrative Agent and the Borrower, to be held in a deposit account and released in order to satisfy such
Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement; sixth, to
the payment of any amounts owing to the Lenders, the Issuing Lenders or the Swingline Lender as a result of any final non-appealable
judgment of a court of competent jurisdiction obtained by any Lender, the Issuing Lenders or the 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 exists, to the payment of any amounts owing to the Borrower as a result of any final non-appealable judgment
of a court of competent jurisdiction obtained by the Borrower against such Defaulting Lender as a result of such Defaulting
Lender’s breach of its obligations under this Agreement; and eighth, to such Defaulting Lender or as otherwise
directed by a court of competent jurisdiction; provided, that if (x) such payment is a payment of the principal amount
of any Loans, L/C Disbursements or Acceptances in respect of which such Defaulting Lender has not fully funded its appropriate
share, and (y) such Loans were made or the related Letters of Credit were issued or the related Acceptances were created 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 Disbursements and the participation interests in Acceptances 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 Disbursements and amounts in respect of participation interests
in Acceptances owed to, such Defaulting Lender until such time as all Loans and funded and unfunded participations in L/C
Obligations and Acceptances are held by the Lenders pro rata in accordance with the Commitments under the applicable Facility
without giving effect to Section 3.4(d). 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 be held as security in a Cash Collateral Account
pursuant to this Section 2.7(b) shall be deemed paid to and redirected by such Defaulting Lender and shall satisfy the
Borrower’s payment obligation in respect thereof in full, and each Lender irrevocably consents hereto.

2.8       Repayment
of Loans.

(a)       The
Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of the appropriate Revolving Lender or Swingline
Lender, as the case may be, (i) the then unpaid principal amount of each Revolving Loan of such Revolving Lender made to the Borrower
outstanding on the applicable Revolving Termination Date (or on such earlier date on which the Loans become due and payable pursuant to
Section 8.1), and (ii) subject to Section 2.6(e), the then unpaid principal amount of each Swingline Loan
on the earlier of (A) the applicable Revolving Termination Date (or on such earlier date on which the Loans become due and payable
pursuant to Section 8.1) and (B) the first date after such Swingline Loan is made that is the 15th or last day of a
calendar month and is at least three Business Days after such Swingline Loan is made; provided, that on each date that a
Revolving Loan is borrowed, the Borrower shall repay all Swingline Loans that were outstanding on the date such borrowing was requested.
The Borrower hereby further agrees to pay interest on the unpaid principal amount of the Loans and Swingline Loans made to the Borrower
from time to time outstanding from the date made until payment in full thereof at the rates per annum, and on the dates, set forth in
Section 2.15. The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of the appropriate
SISO Term Lenders, as the case may be, the then unpaid principal amount of 

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each SISO Term Loan made to the Borrower outstanding on the
Revolving Termination Date in respect of the SISO Term Facility (or on such earlier date on which the Loans become due and payable pursuant
to Section 8.1). The Borrower hereby unconditionally promises to pay to the Tranche B Administrative Agent for the account
of the appropriate Tranche B Term Lenders, as the case may be, the then unpaid principal amount of each Tranche B Term Loan made to the
Borrower outstanding on the Revolving Termination Date in respect of the Tranche B Term Facility (or on such earlier date on which the
Loans become due and payable pursuant to Section 8.1).

Each Local Borrower hereby
unconditionally promises to pay, in lawful money of the Permitted Foreign Currency or Dollars, as applicable, and in immediately available
funds, to the applicable Local Fronting Lender at the office of such Local Fronting Lender listed on Schedule 2.4(b) (or
if such Local Fronting Lender has notified such Local Borrower that a Local Loan was funded by a different lending office of such Local
Fronting Lender pursuant to Section 2.04(b), the lending office from which such Local Loan was funded) for its own account
the then unpaid principal amount of each Local Loan of such Local Fronting Lender made to such Local Borrower outstanding on the Revolving
Termination Date with respect to the Tranche A Revolving Facility (or on such earlier date on which the Loans become due and payable pursuant
to Section 8.1).

(b)       Each
Lender shall maintain in accordance with its usual practice an account or accounts evidencing indebtedness of the Borrowers to such
Lender resulting from each Loan of such Lender from time to time, including the amounts of principal and interest (based on the
applicable interest rate and Interest Period) payable and paid to such Lender from time to time under this Agreement. Each Local
Borrowing Subsidiary hereby agrees that each Local Fronting Lender is authorized to record (i) the date, amount and currency of each
Local Loan made by such Local Fronting Lender to such Local Borrowing Subsidiary pursuant to Section 2.4(b), (ii) the
date of each interest rate conversion pursuant to Section 2.13 which is applicable to such Local Loan and the
principal amount subject thereto, (iii) the date and amount of each payment or prepayment of principal of and interest with respect
to each Local Loan made by such Local Borrowing Subsidiary to such Local Fronting Lender and (iv) the interest rate and Interest
Period, in the books and records of such Local Fronting Lender and in such manner as is reasonable and customary for it and a
certificate of an officer of such Local Fronting Lender, setting forth in reasonable detail the information so recorded, shall
constitute prima facie evidence of the accuracy of the information so recorded in the absence of manifest error; provided, however,
that the failure to make any such recording or any error in such recording shall not in any way affect the Obligations of the
relevant Local Borrowing Subsidiary hereunder.

(c)       Registers

(i)       The
Primary Administrative Agent, on behalf of the Borrower, shall maintain a Register pursuant to Section 10.6(b)(iv), and
a subaccount therein for each Revolving Lender, Local Fronting Lender or SISO Term Lender, in which shall be recorded (i) the amount of
each Loan made hereunder and any Note evidencing such Loan, the Type of such Loan and each Interest Period applicable thereto, (ii) the
amount of any principal, stated interest and fees, as applicable, due and payable or to become due and payable from such Borrower to each
Lender hereunder and (iii) the amount of any sum received by the Primary Administrative Agent or Local Fronting Lender, as applicable,
hereunder from such Borrower and each Lender’s share thereof. For the avoidance of doubt, in the event of any conflict between the
Register and the records maintained by any Local Fronting Lender pursuant to Section 2.8(b) or by any Revolving Lender or
any SISO Term Lender, the Register shall control.

(ii)       The
Tranche B Administrative Agent, on behalf of the Borrower, shall maintain a Register pursuant to Section 10.6(b)(iv), and
a subaccount therein for each Tranche B Term 

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Lender, in which shall be recorded (i) the amount of each Loan made hereunder and any Note
evidencing such Loan, the Type of such Loan and each Interest Period applicable thereto, (ii) the amount of any principal, interest and
fees, as applicable, due and payable or to become due and payable from such Borrower to each Lender hereunder and (iii) the amount of
any sum received by the Tranche B Administrative Agent, as applicable, hereunder from such Borrower and each Lender’s share thereof.
For the avoidance of doubt, in the event of any conflict between the Tranche B Register and the record maintained by any Tranche B Term
Lender pursuant to Section 2.8(b), the Tranche B Register shall control.

(d)       The
entries made in the Register and the accounts of each Lender maintained pursuant to Section 2.8(c) shall, to the extent
permitted by applicable law, be presumptively correct absent demonstrable error of the existence and amounts of the obligations of the
Borrower therein recorded; provided, however, that the failure of the Administrative Agent or any Lender to
maintain the Register or any such account, or any error therein, shall not in any manner affect the obligation of each Borrower to repay
(with applicable interest) the Loans made to such Borrower by such Lender in accordance with the terms of this Agreement.

(e)       The
Company hereby irrevocably waives the right to direct, during a Cash Dominion Period or at any time an Event of Default has occurred and
is continuing, the application of all funds in any Approved Deposit Account and agrees that the Administrative Agent may (in its sole
discretion exercised reasonably) and, upon the written direction of the Required Lenders given at any time during such Cash Dominion Period,
shall exercise its applicable rights under any Deposit Account Control Agreement (including providing any notices of blockage or control)
for each Approved Deposit Account and apply all available funds in any Approved Deposit Account, but in each case without a permanent
reduction of Revolving Commitments, on a daily basis (but only so long as such Cash Dominion Period or Event of Default, as the case may
be, is continuing) as follows:

first,
to repay the outstanding principal amount of any outstanding Protective Advances,

second,
the Swingline Loans until such Swingline Loans have been repaid in full;

third,
to repay the outstanding principal balance of the Tranche A Revolving Loans until such Tranche A Revolving Loans shall have been repaid
in full and all amounts owing to any Tranche A Revolving Lender and the Administrative Agent in respect of the Tranche A Revolving Facility
including the aggregate principal amount of all L/C Disbursements that have not yet been reimbursed at such time.

The Administrative Agent agrees to use its
commercially reasonable efforts to apply such funds in accordance with this Section 2.8(e), and the Company consents to
such application. If no Cash Dominion Period or Event of Default shall be continuing, the Administrative Agent shall not exercise control
rights under the Deposit Account Control Agreements and shall, upon receipt of three Business Days’ prior written notice and a certificate
of a Responsible Officer of the Company that no Cash Dominion Period or Event of Default is continuing, cease any enforcement measures
in respect of Approved Deposit Accounts in effect at such time, including blockage, dominion or the withdrawal of all notices, instructions
or directions provided to any Deposit Account Bank thereunder. For the avoidance of doubt, funds used to reduce outstanding amounts may
be reborrowed, subject to satisfaction of the conditions set forth in Section 5.2.

(f)       Without
diminishing the control of the Administrative Agent over amounts from time to time paid to the Administrative Agent for the purpose of
Cash Collateralization, the Administrative Agent shall from time to time (upon the request of the Company so long as no Default or Event
of 

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Default shall have occurred and be continuing) cause the prompt return to the Company of any such amounts which are in excess of the
amount required to be deposited to effect such Cash Collateralization.

2.9       Commitment
Fees, etc.

(a)       Commitment
Fee

(i)       The
Borrower agrees to pay to the Administrative Agent for the account of each Tranche A Revolving Lender a commitment fee (the “Tranche
A Commitment Fee”), in Dollars, for the period from and including the Amendment No. 8 Effective Date to the last day of
the Revolving Commitment Period with respect to the Tranche A Revolving Facility (or, if earlier, the termination of all Tranche A Revolving
Commitments), computed at the Commitment Fee Rate on the actual daily amount of the Available Revolving Commitment (but solely with respect
to such Tranche A Revolving Lender’s Tranche A Revolving Commitment and Tranche A Revolving Extensions of Credit) (provided,
that, for purposes of this calculation, the Swingline Exposure shall not constitute a Tranche A Revolving Extension of Credit) of such
Tranche A Revolving Lender during the period for which payment is made, payable quarterly in arrears on the later of (x) each Fee Payment
Date and (y) the date that is two Business Days after the Borrower’s receipt from the Administrative Agent of documentation supporting
the calculation of such commitment fee; provided, that (A) any commitment fee accrued with respect to any of the Tranche
A Revolving Commitments of a Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at
such time shall not be payable by the Borrower so long as such Lender shall be a Defaulting Lender except to the extent that such commitment
fee shall otherwise have been due and payable by the Borrower prior to such time and (B) no commitment fee shall accrue on any of the
Tranche A Revolving Commitments of a Defaulting Lender so long as such Lender shall be a Defaulting Lender.

(ii)       [reserved].

(b)       The
Borrower agrees to pay to the Administrative Agent the fees in the amounts and on the dates as set forth in any fee agreements with
the Administrative Agent and to the Tranche B Administrative Agent the fees in the amounts and on the dates as may be agreed between
the Tranche B Administrative Agent and the Borrower.

(c)       The
Borrower agrees to pay to the Administrative Agent for the account of each SISO Term Lender an exit fee, in Dollars, upon the prepayment
or repayment of the SISO Term Loans in an amount equal to the 0.50% of the aggregate principal amount of the SISO Term Loans prepaid or
repaid on the date of such prepayment or repayment for any reason, including without limitation any optional prepayment or repayment at
maturity and any refinancing thereof, and whether before or after (i) the occurrence of an Event of Default, or (ii) the commencement
or any institution of any insolvency proceeding, the acceleration of the Obligations for any reason, including, but not limited to, acceleration
in accordance with Section 8.1, including as a result of the commencement or any institution of any insolvency proceeding,
the satisfaction, release, payment, restructuring, reorganization, replacement, reinstatement, defeasance or compromise of any of the
Obligations in any insolvency proceeding, foreclosure (whether by power of judicial proceeding or otherwise) or deed in lieu of foreclosure
or the making of a distribution of any kind in any insolvency proceeding to the Administrative Agent, for the account of the Lenders in
full or partial satisfaction of the Obligations, or the termination of this Agreement for any reason. The Borrower expressly agrees that
(A) the exit fee is reasonable and is the product of an arm’s length transaction between sophisticated business people, ably represented
by counsel, (B) the exit fee shall be payable notwithstanding the then prevailing market rates at the time payment is made, (C) there
has been a course of conduct between the SISO Term Lenders and Borrower 

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giving specific consideration in this transaction for such agreement
to pay the exit fee including with respect to pricing relating to the SISO Term Loan, (D) the Borrower shall be estopped hereafter from
claiming differently than as agreed to in this Section 2.9(c), and (E) the agreement of the Borrower to pay the exit fee
is a material inducement to the SISO Term Lenders to provide and make the SISO Term Loans.

2.10       Termination
or Reduction of Commitments.

(a)       Reduction
of Commitments

(i)       The
Borrower shall have the right, upon not less than two Business Days’ notice to the Administrative Agent, to terminate the L/C Commitments
or the Swingline Commitments or, from time to time, to reduce the amount of the L/C Commitments or the Swingline Commitments.

(ii)       The
Borrower shall have the right, upon not less than two Business Days’ notice to the Administrative Agent, to terminate the Tranche
A Revolving Commitments or, from time to time, to reduce the amount of the Tranche A Revolving Commitments; provided that
(except as otherwise expressly provided herein) no such termination or reduction of Tranche A Revolving Commitments shall be permitted
if, after giving effect thereto and to any prepayments of the Tranche A Revolving Loans made on the effective date thereof, the total
Tranche A Revolving Extensions of Credit would exceed the total Tranche A Revolving Commitments.

(iii)       The
Amendment No. 8 SISO Term Commitments existing on the Amendment No. 8 Effective Date shall automatically terminate upon the making of
the Amendment No. 8 SISO Term Loans on the Amendment No. 8 Effective Date.

(iv)       Except
with respect to terminations or reductions of Tranche A Revolving Commitments which shall be subject to clause (ii)
above, the Borrower shall have the right, upon not less than two Business Days’ notice to the Administrative Agent, to
terminate the Revolving Commitments of any Tranche or, from time to time, to reduce the amount of the Revolving Commitments of any
Tranche; provided, that no such termination or reduction of Revolving Commitments of any Tranche shall be permitted
if, after giving effect thereto and to any prepayments of the Revolving Loans made on the effective date thereof, the total
Revolving Extensions of Credit of such Tranche would exceed the total Revolving Commitments of such Tranche.

Any such partial reduction shall be in an amount
equal to $500,000, or a whole multiple of $100,000 in excess thereof, and shall reduce permanently the Revolving Commitments of the applicable
Tranche then in effect. Notwithstanding anything to the contrary contained in this Agreement, the Borrower may rescind any notice of termination
or reduction under this Section 2.10 if the notice of such termination or reduction stated that such notice was conditioned
upon the occurrence or non-occurrence of a transaction or the receipt of a replacement of all, or a portion, of the Revolving Commitments
outstanding at such time, in which case such notice may be revoked by the Borrower (by written notice to the Administrative Agent on or
prior to the specified date) if such condition is not satisfied.

(b)       Upon
the incurrence by the Borrower or any of its Restricted Subsidiaries of any Permitted Revolving Refinancing Obligations in respect of
Revolving Commitments or Revolving Loans, the Revolving Commitments designated by the Borrower to be terminated in connection therewith
shall be automatically permanently reduced by an amount equal to 100% of the aggregate principal amount of commitments under such Permitted
Revolving Refinancing Obligations and any outstanding Revolving 

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Loans in respect of such terminated Revolving Commitments shall be repaid
in full. For the avoidance of doubt, as of the Amendment No. 8 Effective Date, the existing Tranche A Commitments on the Amendment No.
8 Effective Date were replaced with new Tranche A Commitments pursuant to the Amendment No. 8 Refinancing, and the existing SISO Term
Loans on the Amendment No. 8 Effective Date were replaced with new SISO Term Loans pursuant to the Amendment No. 8 Refinancing.

2.11       Optional
Prepayments.

(a)       The
Borrower may at any time and from time to time prepay any Tranche of Revolving Loans, the Swingline Loans or, after the Tranche A Revolving
Discharge Date, SISO Term Loans, or after the Tranche A Discharge Date (or so long as Tranche B Repayment Conditions are satisfied), Tranche
B Term Loans, in whole or in part, without premium or penalty, upon irrevocable written notice delivered to the Administrative Agent no
later than 12:00 Noon, New York City time,

(i)       three
Business Days prior thereto, in the case of Eurocurrency Loans that are Revolving Loans, SISO Term Loans or Tranche B Term Loans, and

(ii)        on
the date of prepayment, in the case of ABR Loans that are Revolving Loans, SISO Term Loans, Tranche B Term Loans or Swingline Loans, which
notice shall specify (x) the date and amount of prepayment, (y) whether the prepayment is of a Tranche of Revolving Loans, SISO Term Loans,
Tranche B Term Loans or Swingline Loans and (z) whether the prepayment is of Eurocurrency Loans or ABR Loans; provided,
that if a Eurocurrency 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 pursuant to Section 2.21.

Upon receipt of any such notice the
Administrative Agent shall promptly notify each relevant Lender thereof. If any such notice is given, the amount specified in such
notice shall be due and payable on the date specified therein (provided, that any such notice may state that such
notice is conditioned upon the occurrence or non-occurrence of any transaction or the receipt of proceeds to be used for such
payment, in each case specified therein (including the effectiveness of other credit facilities), in which case such notice may be
revoked by the Borrower (by written notice to the Administrative Agent on or prior to the specified effective date) if such
condition is not satisfied), together with (except in the case of Revolving Loans that are ABR Loans) accrued interest to such date
on the amount prepaid. Partial prepayments of Revolving Loans, SISO Term Loans, Tranche B Term Loans or Swingline Loans shall be in
an aggregate principal amount of (i) $100,000 or a whole multiple of $100,000 in excess thereof (in the case of prepayments of ABR
Loans) or (ii) the Borrowing Minimum or a whole multiple of the Borrowing Multiple in excess thereof (in the case of prepayments of
Eurocurrency Loans), and in each case shall be subject to the provisions of Section 2.18.

(b)       The
Company and each Local Borrowing Subsidiary may at any time and from time to time, prepay any Local Loans borrowed by it, or Acceptances
created for its account which are then outstanding, in whole or in part, without premium or penalty, upon irrevocable written notice delivered
to the relevant Local Fronting Lender (with a copy to the Administrative Agent) no later than (i) three Business Days, in the case of
Eurocurrency Loans, and (ii) two Business Days’ in the case of ABR Loans, Local Rate Loans or Acceptances, which notice shall specify
(x) the date and amount of such prepayment, (y) whether the amounts prepaid are on account of Acceptances or Local Loans (and, if on account
of Local Loans, whether such Local Loans to be prepaid are denominated in Dollars or in a Permitted Foreign Currency, as the case may
be) or a combination thereof, and, if a combination thereof, the amount of prepayment allocable to each and (z) whether the prepayment
is of Eurocurrency Loans, ABR Loans (in the case of any prepayment of any such Loans denominated in Dollars) or Local Rate Loans or a
combination thereof, and, if of a combination thereof, the amount of prepayment allocable to

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 each (and, with respect to such Eurocurrency
Loans or, to the extent applicable, Local Rate Loans, each Interest Period tranche thereof); provided, however,
that Local Loans borrowed by way of overdrafts may be repaid on same-day notice without regard to any minimum amount of repayment required
by this Section 2.11(b), with any deposit of funds (whether by clearance of a check, receipt of a wire transfer or otherwise)
in the account of the relevant Local Borrowing Subsidiary maintained by the Local Fronting Lender with respect to such overdrafts being
deemed to constitute such notice of prepayment. If any such notice is given, the relevant Local Borrower or the Company, as applicable,
will make the prepayment specified therein, and such prepayment shall be due and payable on the date specified therein (provided
that any such notice may state that such notice is conditioned upon the occurrence or non-occurrence of any transaction or the receipt
of proceeds to be used for such payment, in each case specified therein (including the effectiveness of other credit facilities), in which
case such notice may be revoked by the relevant Local Borrower or the Company, as applicable (by written notice to the relevant Local
Fronting Lender (with a copy to the Administrative Agent) on or prior to the specified effective date) if such condition is not satisfied).
Each partial prepayment of the Local Loans pursuant to this Section 2.11(b) shall be in such minimum amount as may be mutually
agreed upon by the relevant Local Fronting Lender and the relevant Borrower and shall comply with Section 2.14; provided,
however, that in no event shall such minimum amount be greater than $500,000 or the Dollar Equivalent thereof in the relevant
Permitted Foreign Currency.

(c)       Prepayments
under this Section 2.11 (other than prepayments of the Tranche B Term Loans if the Tranche B Repayment Conditions are satisfied,
which prepayments shall be applied to prepay the Tranche B Term Loans and all other amounts owing to any Tranche B Term Lender and the
Administrative Agent solely in respect of the Tranche B Term Facility) shall be applied,

first,
to prepay any Protective Advances,

second,
to prepay the Swingline Loans, the Tranche A Revolving Loans and the Local Loans, all other amounts owing to any Tranche A Revolving
Lender and the Administrative Agent in respect of the Tranche A Revolving Facility including the aggregate principal amount of all L/C
Disbursements that have not yet been reimbursed at such time,

third,
after the Tranche A Revolving Discharge Date, to prepay the SISO Term Loans and all other amounts owing to any SISO Term Lender and the
Administrative Agent in respect of the SISO Term Facility, and

fourth,
after the Tranche A Discharge Date, to prepay the Tranche B Term Loans and all other amounts owing to any Tranche B Term Lender and the
Administrative Agent in respect of the Tranche B Term Facility.

Notwithstanding anything to the contrary, (i)
the SISO Term Loans may not be prepaid until the Tranche A Revolving Discharge Date has occurred and (ii) unless the Tranche B Repayment
Conditions have been satisfied, the Tranche B Term Loans may not be prepaid or repaid until the Tranche A Discharge Date has occurred.

2.12       Mandatory
Prepayments.

(a)       To
the extent remaining after any prepayments therefrom pursuant to the terms of the Term Loan Agreement and any other Indebtedness intended
to be secured by the Term Facility First Priority Collateral on a senior basis to the Liens securing the Obligations, and unless the Required
Lenders shall otherwise agree, if any Indebtedness (excluding any Indebtedness permitted to be incurred in accordance with Section
7.2) shall be incurred by the Borrower or any Restricted Subsidiary, an 

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amount equal to the lesser of (x) prior to the Tranche
A Revolving Discharge Date, (i) 100% of the Net Cash Proceeds thereof and (ii) the outstanding principal amount of Revolving Loans then
outstanding and (y) on and after the Tranche A Revolving Discharge Date, (i) 100% of the Net Cash Proceeds thereof and (ii) the outstanding
amount of SISO Secured Obligations, shall, in each case, be applied not later than one Business Day after the date of receipt of such
Net Cash Proceeds toward the prepayment of the Revolving Loans, Local Loans, or SISO Term Loans, as applicable, without, in the case of
the Revolving Loans, a corresponding reduction in the Revolving Commitments, as directed by the Borrower in respect of Tranches thereof;
provided, that each Borrower shall be required to make prepayments pursuant to this Section 2.12(a) solely
in respect of its Loans.

(b)       Prepayments
of Loans

(i)       (A)       If,
on any date, the aggregate Tranche A Revolving Extensions of Credit exceed the Tranche A Availability at such time, the Borrower or each
Local Borrowing Subsidiary (but solely in respect of its applicable Local Loans and Acceptances) shall promptly prepay (without a corresponding
reduction in the Tranche A Revolving Commitments) the Tranche A Revolving Loans, the Swingline Loans, the Local Loans, the Acceptances
and/or the L/C Obligations, to the Administrative Agent or a Local Fronting Lender, in each case as applicable, and/or Cash Collateralize
its obligations, in an aggregate principal amount equal to such excess.

(B)       On
and after the Tranche A Revolving Discharge Date, if, on any date, the aggregate SISO Term Loans exceed the Tranche A Borrowing Base at
such time, the Borrower shall promptly prepay the SISO Term Loans to the Administrative Agent in an aggregate principal amount equal to
such excess.

(ii)       (A)       Prior
to the Tranche A Discharge Date, if, on any date, the aggregate Tranche B Term Loans exceed the Tranche B Borrowing Base at such time,
a Push Down Reserve shall be immediately and automatically established in respect of the Tranche A Borrowing Base in an aggregate principal
amount equal to such excess.

(B)       On
and after the Tranche A Discharge Date and subject to Section 10.19, if, on any date, the aggregate Tranche B Term Loans
exceed the Tranche B Borrowing Base at such time, the Borrower shall promptly prepay the Tranche B Term Loans to the Tranche B Administrative
Agent in an aggregate principal amount equal to such excess and provide written notice to the Tranche B Administrative Agent of such prepayment
no later than three (3) Business Days prior to the prepayment.

(iii)       If,
on any date on or after the Amendment No. 6 Effective Date, the aggregate amount of cash or Cash Equivalents of Holdings and its Subsidiaries
((x) other than Specified Excluded Cash and (y) based on closing balances on the immediately preceding Business Day) exceeds
the Specified Cash Limit, the Borrower shall promptly (A) make payments (other than to Holdings and its Subsidiaries) not prohibited by
this Agreement in an amount equal to such excess, or (B) repay (without a corresponding reduction in the Tranche A Revolving Commitments)
the Tranche A Revolving Loans, the Swingline Loans, the Local Loans, the Acceptances and/or the L/C Obligations, to the Administrative
Agent or a Local Fronting Lender, in each case as applicable, and/or Cash Collateralize its obligations, in an aggregate principal amount
equal to the lesser of (i) such excess and (ii) the aggregate principal of any Tranche A Revolving Loans, Swingline Loans, Local Loans,
Acceptances and/or L/C Obligations outstanding.

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(c)       Unless
the Required Lenders otherwise agree, if at any time and from time to time the sum (based on the Borrowing Base Certificate most recently
delivered to the Administrative Agent pursuant to Section 6.2(g)) of (i) the aggregate outstanding principal amount of Local
Loans denominated in Dollars which are owing by the Local Borrowers to a Local Fronting Lender, (ii) the Dollar Equivalent of 105% of
the aggregate outstanding principal amount of Local Loans denominated in the relevant Permitted Foreign Currency which are owing by the
Local Borrowers to such Local Fronting Lender and (iii) the Dollar Equivalent of 105% of the aggregate undiscounted face amount of Acceptances
in the relevant Permitted Foreign Currency which are owing by the relevant Local Borrowing Subsidiary to such Local Fronting Lender, exceeds
the Currency Sublimit for such Local Fronting Lender, such Local Borrowers shall, within three Business Days, prepay the Local Loans and
Acceptances owing by them to such Local Fronting Lender by the amount equal to such excess or, with respect to Acceptances, provide cash
and/or Cash Equivalents to be held as security for obligations in respect of Acceptances in a manner reasonably acceptable to such Local
Fronting Lender; provided, such cash and/or Cash Equivalents so held as security shall not constitute Qualified Cash.

(d)       Prepayments
under Section 2.12(b)(i)(A) shall be applied, first, to prepay the Swingline Loans and second,
to repay the Tranche A Revolving Loans, the Local Loans, the Acceptances and the L/C Obligations (including the Cash Collateralization
of Letters of Credit) as the Borrower and the Local Borrowing Subsidiaries so determine, subject to clause (e) below.

(e)       Prepayments
of Local Loans and Acceptances pursuant to this Section 2.12 shall be applied, first, to the Local
Loans of such Local Borrowers as the Borrower (on its own behalf and as agent of the Local Borrowing Subsidiaries) may elect and, second,
to the Acceptances; provided, however, that, during such time as an Event of Default has occurred and is continuing,
such prepayment shall be applied to the Local Loans and (to the extent relevant) Acceptances of such Local Borrowers as the Administrative
Agent may elect.

(f)       If
the Borrower shall provide cash and/or Cash Equivalents as collateral in order to comply with this Section 2.12, such amount
shall be returned to the Borrower within three Business Days after notice from the Borrower to the Administrative Agent and the Local
Fronting Lender that such collateral is no longer necessary to so comply with this Section 2.12 and requesting return of
such collateral.

(g)       If
any Borrower would incur costs pursuant to Section 2.21 as a result of any payment due pursuant to this Section 2.12,
such Borrower may deposit the amount of such payment with the Administrative Agent, for the benefit of the relevant Lenders, in an Approved
Deposit Account, until the end of the applicable Interest Period at which time such payment shall be made; provided, such
cash and/or Cash Equivalents shall not constitute Qualified Cash. Each such Borrower hereby grants the Administrative Agent, for the benefit
of such Lenders, a security interest (or if the applicable Borrower is a Local Borrowing Subsidiary organized under the laws of the Commonwealth
of Australia or any political subdivision thereof, the Administrative Agent shall have a right to apply and setoff any such payment toward
any amount payable by such Local Borrowing Subsidiary at the end of the applicable Interest Period) in all amounts in which such Borrower
has any right, title or interest which are from time to time on deposit in such Cash Collateral Account and expressly waives all rights
(which rights such Borrower hereby acknowledges and agrees are vested exclusively in the Administrative Agent) to exercise dominion or
control over any such amounts.

2.13       Conversion
and Continuation Options.

(a)       The
Borrower may elect from time to time to convert Eurocurrency Loans (other than Local Loans or Eurocurrency Loans denominated in a Permitted
Foreign Currency) made to the 

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Borrower to ABR Loans by giving the Administrative Agent prior irrevocable written notice of such election
no later than 12:00 Noon, New York City time, on the Business Day (or in the case of the Tranche B Term Loans, one (1) Business Day) preceding
the proposed conversion date; provided, that if any such Eurocurrency Loan is so converted on any day other than the last
day of the Interest Period applicable thereto, the Borrower shall also pay any amounts owing pursuant to Section 2.21. The
Borrower may elect from time to time to convert ABR Loans (other than Local Loans) made to the Borrower to Eurocurrency Loans by giving
the Administrative Agent prior irrevocable written notice of such election no later than 12:00 Noon, New York City time, 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 such ABR Loan under a particular Facility may be converted into a Eurocurrency Loan when any Event of Default has occurred and
is continuing and the Administrative Agent or the Majority Facility Lenders in respect of such Facility have determined in its or their
sole discretion not to permit such conversions. Upon receipt of any such notice the Administrative Agent shall promptly notify each relevant
Lender thereof. This Section 2.13 shall not apply to Swingline Loans and Protective Advances, in each case, which may not
be converted or continued.

(b)       Any
Eurocurrency Loan (other than a Local Loan) may be continued as such by the Borrower giving irrevocable written notice to the
Administrative Agent, in accordance with the applicable provisions of the term “Interest Period” set forth in Section
1.1 and no later than 12:00 Noon, New York City time, on the third Business Day preceding the proposed continuation date, of
the length of the next Interest Period to be applicable to such Loans; provided, that if any such Eurocurrency Loan is
so continued on any day other than the last day of the Interest Period applicable thereto, the Borrower shall also pay any amounts
owing pursuant to Section 2.21; provided, further, that no such Eurocurrency Loan under a
particular Facility may be continued as such when any Event of Default has occurred and is continuing and the Administrative Agent
has or the Majority Facility Lenders in respect of such Facility have determined in its or their sole discretion not to permit such
continuations; provided, further, that (i) if the Borrower shall fail to give any required notice as
described above in this paragraph such Eurocurrency Loans shall be automatically continued as Eurocurrency Loans having an Interest
Period of one month’s duration on the last day of such then-expiring Interest Period and (ii) if such continuation is not
permitted pursuant to the preceding proviso, such Eurocurrency Loans shall be automatically converted to ABR Loans on the last day
of such then expiring Interest Period; provided, further, that if the Borrower wishes to request
Eurocurrency Loans having an Interest Period other than one, three or six months in duration as provided in the definition of
“Interest Period,” the applicable notice must be received by the Administrative Agent not later than 11:00 a.m. four
Business Days prior to the requested date of such borrowing, conversion or continuation, whereupon the Administrative Agent shall
give prompt notice to the appropriate Lenders of such request and determine whether the requested Interest Period is acceptable to
all of them. Not later than 11:00 a.m., three Business Days before the requested date of such borrowing, conversion or continuation,
the Administrative Agent shall notify the Borrower (which notice may be by telephone) whether or not the requested Interest Period
has been consented to by all the Lenders. Upon receipt of any such notice the Administrative Agent shall promptly notify each
relevant Lender thereof.

(c)       Each
Borrower may elect from time to time to convert outstanding Local Loans from Eurocurrency Loans to ABR Loans (in the case of Local Loans
which are in Dollars) by giving (or causing the Company to give) the relevant Local Fronting Lender (with a copy to the Administrative
Agent) at least two Business Days’ prior irrevocable notice of such election. Each Local Borrower may elect from time to time to
convert outstanding Local Loans from Eurocurrency Loans to Local Rate Loans (in the case of Local Loans which are in a Permitted Foreign
Currency) by giving (or causing the Company to give) the relevant Local Fronting Lender at least two Business Days’ prior irrevocable
notice of such election. Each Borrower may elect from time to time and at any time to convert outstanding Local Loans from ABR Loans to
Eurocurrency Loans (in the case of Local Loans which are

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 in Dollars) by giving (or causing the Company to give) the relevant Local Fronting
Lender (with a copy to the Administrative Agent) at least three Business Days’ irrevocable notice of such election; provided,
however, that no ABR Loans may be converted to Eurocurrency Loans when any Event of Default has occurred and is continuing
and the Administrative Agent or the Required Lenders so elect by notice to the Company. Each Local Borrower may elect from time to time
and at any time to convert outstanding Local Rate Loans to Eurocurrency Loans (in the case of Local Loans which are in a Permitted Foreign
Currency) by giving (or causing the Company to give) the relevant Local Fronting Lender (with a copy to the Administrative Agent) at least
three Business Days’ irrevocable notice of such election; provided, further, that no Local Rate Loans
may be converted to Eurocurrency Loans when any Event of Default has occurred and is continuing and the Administrative Agent or the Required
Lenders so elect by notice to the Company. On the date on which such conversion is being made, the relevant Local Fronting Lender shall
take such action as is necessary to effect such conversion. All or any part of the outstanding Local Loans may be converted as provided
herein.

(d)       Any
Local Loans which are Eurocurrency Loans or (to the extent applicable) Local Rate Loans may be continued as such upon the expiration of
an Interest Period with respect thereto by giving the relevant Local Fronting Lender (with a copy to the Administrative Agent) at least
three Business Days’ irrevocable notice for continuation thereof; provided, however, that no such Eurocurrency
Loan may be continued as such when any Event of Default has occurred and is continuing and the Administrative Agent or the Required Lenders
so elect by notice to the Company and, instead, such Eurocurrency Loans denominated in Permitted Foreign Currencies shall be automatically
converted to Local Rate Loans and Eurocurrency Loans denominated in Dollars shall be automatically converted to ABR Loans, in each case,
on the last day of the Interest Period for such Eurocurrency Loans. The Administrative Agent shall notify the relevant Local Fronting
Lenders promptly that such automatic conversion shall occur.

(e)       In
the event that a timely notice of conversion or continuation with regard to Local Loans which are Eurocurrency Loans is not given in
accordance with this Section 2.13, then, unless the relevant Local Fronting Lender shall have received timely notice
from the relevant Borrower in accordance with Section 2.11 that such Eurocurrency Loans are to be prepaid on the last
day of such Interest Period, such Borrower shall be deemed irrevocably to have requested that such Eurocurrency Loans denominated in
Permitted Foreign Currencies be converted into Local Rate Loans and Eurocurrency Loans denominated in Dollars be converted into ABR
Loans, as the case may be, on the last day of such Interest Period. In the event that a timely notice of continuation with regard to
Local Rate Loans which are subject to an Interest Period is not given in accordance with this Section 2.13, then,
unless the relevant Local Fronting Lender shall have received timely notice from the relevant Borrower in accordance with Section
2.11 that such Local Rate Loans are to be converted into Eurocurrency Loans or prepaid on the last day of such Interest
Period, such Borrower shall be deemed irrevocably to have requested that such Local Rate Loans be continued as such on the last day
of such Interest Period for a new Interest Period which is the shortest such Interest Period available to such Borrower from the
relevant Local Fronting Lender.

(f)       Notwithstanding
anything to the contrary, SISO Term Loans shall always constitute a single “borrowing” for purposes of determining whether
such SISO Term Loans are Eurocurrency Loans or ABR Loans. There shall be no more than one Interest Period with respect to the SISO Term
Loans at a time. Notwithstanding anything to the contrary, Tranche B Term Loans shall always constitute a single “borrowing”
for purposes of determining whether such Tranche B Term Loans are Eurocurrency Loans or ABR Loans. If Tranche B Term Loans are Eurocurrency
Loans, such Tranche B Term Loans shall always have the same Interest Period.

2.14       Minimum
Amounts and Maximum Number of Eurocurrency Tranches.

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Notwithstanding anything
to the contrary in this Agreement, all borrowings, conversions, continuations and optional prepayments of Eurocurrency 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 Eurocurrency Loans comprising each Eurocurrency Tranche shall be equal to
the Borrowing Minimum or a whole multiple of the Borrowing Multiple in excess thereof; provided, that the foregoing shall
not apply to Local Loans, in respect of which aggregate principal amounts and minimum borrowing requirements shall be mutually agreed
between the applicable Local Fronting Lender and applicable Borrower, and

(b)        no
more than (A) ten Eurocurrency Tranches of Revolving Loans, (B) two Interest Periods (or such other number of Interest Periods as may
be mutually agreed upon by the relevant Local Fronting Lender and the relevant Borrowers) in respect of Local Loans which are Eurocurrency
Loans and (if an Interest Period is applicable thereto) Local Rate Loans in each Permitted Foreign Currency, (C) one Eurocurrency Tranche
of SISO Term Loans and (D) one Eurocurrency Tranche of Tranche B Term Loans shall be outstanding at any one time.

2.15       Interest
Rates and Payment Dates.

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

(b)       (i)
Each ABR Loan and each Swingline Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin
and (ii) each Local Rate Loan shall bear interest on the unpaid principal amount thereof at a rate per annum equal to the Local Rate applicable
to the relevant Permitted Foreign Currency plus the Applicable Margin.

(c)       (i)
If all or a portion of the principal amount of any Loan, Reimbursement Obligation, Local Loan or Acceptances shall not be paid when
due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum
equal to (x) in the case of the Loans, Local Loans or Acceptances, the rate that would otherwise be applicable thereto pursuant to
the foregoing provisions of this Section 2.15 plus 2.00% or (y) in the case of Reimbursement Obligations, the
rate applicable to ABR Loans under the relevant Facility plus 2.00%, and (ii) if all or a portion of any interest
payable on any Loan, Reimbursement Obligation, Local Loan or Acceptance or any commitment fee or other amount payable hereunder
shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest
at a rate per annum equal to the rate then applicable to ABR Loans if denominated in Dollars under the relevant Facility or if
denominated in a Permitted Foreign Currency, the rate then applicable to Local Rate Loans, in each case, plus 2.00%
(or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans if
denominated in Dollars or the rate applicable to Local Rate Loans for the applicable Permitted Foreign Currency, in each case, under
the relevant Facility plus 2.00%), in each case, with respect to clauses (i) and (ii)
above, from the date of such nonpayment until such amount is paid in full (after as well as before judgment); provided,
that no amount shall be payable pursuant to this Section 2.15(c) to a Defaulting Lender so long as such Lender shall
be a Defaulting Lender; provided, further, that no amounts shall accrue pursuant to this Section
2.15(c) on any overdue Loan, Reimbursement Obligation, Local Loan, Acceptance, commitment fee or other amount payable to a
Defaulting Lender so long as such Lender shall be a Defaulting Lender.

(d)       Interest
shall be payable by the Borrower in arrears on each Interest Payment Date; provided, that interest accruing pursuant to
paragraph (c) of this Section 2.15 shall be payable from

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 time to time on demand. Interest on each Local Loan
shall be payable in arrears to the relevant Local Fronting Lender in the applicable Permitted Foreign Currency (or, with respect to Local
Loans which are denominated in Dollars, in Dollars).

(e)       On
each Interest Payment Date (including, without limitation, each Interest Payment Date with respect to Acceptances), the Local Fronting
Lender shall deliver to the Administrative Agent, the Company and the relevant Local Borrowing Subsidiary an Interest Allocation Statement,
substantially in the form of Exhibit O-2, and the Company and the relevant Local Borrowing Subsidiary shall (in the absence
of manifest error) pay the amount specified therein on such Interest Payment Date.

(f)       As
promptly as is practicable following each date upon which a Local Fronting Lender receives a payment of interest under this Agreement
on account of Local Loans and/or Acceptances, such Local Fronting Lender shall convert into Dollars (at the exchange rate then applicable
to it) the amount equal to (i) the portion of such payment which constitutes the Applicable Margin thereon (or, with respect to each Tranche
A Revolving Lender which funded the purchase of a participating interest in such Local Loan or Acceptance pursuant to Section 2.32(a),
as the case may be, such Tranche A Revolving Lender’s Tranche A Revolving Percentage of the full amount of such interest payment)
minus (ii) 1/4 of 1% per annum on the aggregate undiscounted face amount of the extensions of credit on account of which
such interest payment was made (which unconverted amount shall be retained by such Local Fronting Lender for its own account). In consideration
of the agreement of the Tranche A Revolving Lenders to purchase participating interests in the Local Loans and Acceptances, each Local
Fronting Lender hereby agrees to pay to the Administrative Agent, for the ratable account of each Tranche A Revolving Lender, a risk participation
fee in the amount equal to the proceeds received by such Local Fronting Lender from such conversion (other than any such proceeds payable
for the account of a Defaulting Lender, which proceeds shall be retained by such Local Fronting Lender for its own account) or, if no
such conversion is required, the amount which would have been converted if such interest had been paid in a Permitted Foreign Currency;
provided, however, that, in the event that the Tranche A Revolving Lenders have funded the purchase of participating
interests in the extensions of credit on account of which such interest payment was made pursuant to Section 2.32(a), such
Local Fronting Lender shall instead pay to the Administrative Agent, for the account of each Tranche A Revolving Lender which has so funded
such purchase, the amount equal to such Tranche A Revolving Lender’s Tranche A Revolving Percentage of the proceeds received by
such Local Fronting Lender from such conversion. Such amount shall be payable to the Administrative Agent in Dollars on the date upon
which such Local Fronting Lender receives the proceeds of such conversion. For purposes of this Section 2.15(f), interest
shall be deemed to have been received by the Local Fronting Lender on account of an Acceptance on the last day of the calendar month in
which such Acceptance matures.

(g)       On
each date upon which any Local Borrower pays interest to a Local Fronting Lender hereunder on account of any Local Loan and on each date
upon which any Acceptance is created by a Local Fronting Lender for the account of a Local Borrower hereunder, such Local Borrower shall
pay to such Local Fronting Lender (for its own account) a local administrative fee in the amount equal to 1⁄4 of 1.0% per annum on
the aggregate principal amount of the Local Loans with respect to which such interest is being paid or on the aggregate undiscounted face
amount of such Acceptance, as the case may be.

(h)       From
the 2021 Notes Exchange Effective Date until such Tranche B Right is exercised and a Tranche B Term Loan is issued in respect of such
Tranche B Right, each unexercised Tranche B Right shall bear interest at the same rate as any then-outstanding Tranche B Term Loans on
the aggregate principal amount of Tranche B Term Loans such Tranche B Right would be entitled to receive upon exercise of such Tranche
B Right (it being understood that if no Tranche B Term Loans are issued on the 2021 Notes Exchange Effective Date, all unexercised Tranche
B Rights shall bear interest based upon a

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 Eurocurrency Loan with a three month Interest Period starting on the 2021 Notes Exchange Effective
Date). Such interest shall be payable to the Tranche B Administrative Agent upon each Interest Payment Date both in respect of any then-outstanding
Tranche B Term Loans as well as any Tranche B Right. Interest on any Tranche B Term Loan shall be disbursed to Tranche B Term Lenders
in accordance with this Agreement. However, the Tranche B Administrative Agent shall retain amounts in respect of Tranche B Right until
first Interest Payment Date after the applicable Tranche B Rights are exercised and, upon such Interest Payment Date, the Tranche B Administrative
Agent shall pay such amounts to the Tranche B Term Lender of record in respect of the applicable Tranche B Term Loans. If a Tranche B
Right is not exercised prior to the repayment in full in cash of the Tranche B Term Facility, the Tranche B Administrative Agent shall
pay all such amounts to the Borrower and the Borrower shall pay such amounts to the applicable Tranche B Right Holder. In furtherance
of the foregoing, all Tranche B Term Loans shall always constitute a single “borrowing” for purposes of determining interest
and, if the Tranche B Term Loans are Eurocurrency Loans, shall always maintain the same Interest Period.

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 interest
on ABR Loans (except for ABR computations in respect of clauses (b) and (c) of the definition thereof), Local
Rate Loans and Acceptances shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed
(or in the case of Local Rate Loans and Acceptances, on such other basis as may be agreed from time to time by the relevant Local Fronting
Lender and the relevant Local Borrower to reflect customary practices in the relevant jurisdiction). The Administrative Agent shall as
soon as practicable notify the Borrower and the relevant Lenders of each determination of a Eurocurrency Rate. The Local Fronting Lender
shall as soon as practicable notify the relevant Local Borrower of each determination of Local Rate. 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. Any change in the interest rate on a Loan resulting from a change in the Local Rate
or with respect to Local Loans that are ABR Loans, resulting from a change in ABR, shall become effective as of the opening of business
in the jurisdiction of the local lending office of the relevant Local Fronting Lender on the day on which such change shall become 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 or a Local Fronting Lender pursuant to any provision of this Agreement
shall be presumptively correct in the absence of demonstrable 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 2.15(a) and Section 2.15(b)(i). The applicable Local Fronting Lender shall, at the
request of the relevant Local Borrower, deliver to the Local Borrower a statement showing the quotation used by the Local Fronting
Lender in determining any interest rate pursuant to Section 2.15(b)(ii).

2.17       Benchmark
Replacement Setting; Inability to Determine Interest Rate.

(a)       Benchmark
Replacement Setting

(i)       Benchmark
Replacement. Solely with respect to the Tranche A Revolving Facility and the SISO Term Facility, notwithstanding anything to the contrary
herein or in any other Loan Document, if any event described in clause (b)(i) or (b)(ii) of this Section
2.17 has occurred, or if a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its 

    	 	105	 

     

    

related Benchmark Replacement
Date have occurred for a currency prior to the Reference Time in respect of any setting of a then-current Benchmark for such currency
under the Tranche A Revolving Facility or the SISO Term Facility, then (x) if a Benchmark Replacement is determined in accordance with
clause (a)(1) or (a)(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 (a)(3) or
(b) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement
will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of any such Benchmark setting at or after
5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date notice of such Benchmark Replacement is provided to the
Lenders without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document so long
as the Administrative Agent has not received, by such time, written notice of objection to such Benchmark Replacement from Lenders comprising
the Required Lenders of each Tranche.

If (i) a
Benchmark Replacement Date has occurred for LIBOR with respect to Dollars and the applicable Benchmark Replacement on such Benchmark
Replacement Date for LIBOR with respect to Dollars is a Benchmark Replacement other than the sum of: (a) Term SOFR and (b) the
related Benchmark Replacement Adjustment, (ii) subsequently, the Relevant Governmental Body recommends for use a forward-looking
term rate based on SOFR for loans denominated in Dollars and the Borrower requests that the Administrative Agent review the
administrative feasibility of such recommended forward-looking term rate for purposes of this Agreement and (iii) following such
request from the Borrower, the Administrative Agent determines (in its sole discretion) that such forward looking term rate is
administratively feasible for the Administrative Agent, then the Administrative Agent may (in its sole discretion) provide the
Borrower and Lenders with written notice that from and after a date identified in such notice: (i) a Benchmark Replacement Date
shall be deemed to have occurred, the Benchmark Replacement on such Benchmark Replacement Date shall be deemed to be a Benchmark
Replacement determined in accordance with clause (a)(1) of the definition of “Benchmark Replacement” under
this Section 2.17(a); provided, however, that if upon such Benchmark Replacement Date the Benchmark
Replacement Adjustment is unable to be determined in accordance with clause (a)(1) of the definition of
“Benchmark Replacement” and the corresponding definition of “Benchmark Replacement Adjustment”, then the
Benchmark Replacement Adjustment in effect immediately prior to such new Benchmark Replacement Date shall be utilized for purposes
of this Benchmark Replacement (for avoidance of doubt, for purposes of this proviso, such Benchmark Replacement Adjustment shall be
the Benchmark Replacement Adjustment which was established in accordance with the definition of “Benchmark Replacement
Adjustment” on the date determined in accordance with clauses (1) or (2), as applicable, of the
definition of “Benchmark Replacement Date” hereunder) and (ii) such forward looking term rate shall be deemed to be the
forward looking term rate referenced in the definition of “Term SOFR” for all purposes hereunder or under any Loan
Document in respect of any Benchmark setting and any subsequent Benchmark settings, without any amendment to, or further action or
consent of any other party to, this Agreement or any other Loan Document. For the avoidance of doubt, if the circumstances described
in the immediately preceding sentence shall occur, all applicable provisions set forth in this Section 2.17(a) shall
apply with respect to such election of the Administrative Agent as completely as if such forward-looking term rate was initially
determined in accordance with clause (1) of the definition of “Benchmark Replacement”, including, without

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limitation, the provisions set forth in clauses (ii) and (vi) of this Section titled “Benchmark
Replacement Setting.”

(ii)       Benchmark
Replacement Conforming Changes. In connection with the implementation of any Benchmark Replacement, the Administrative Agent will
have the right, in consultation with the Borrower, 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.

(iii)       Notices;
Standards for Decisions and Determinations. The Administrative Agent will promptly notify the Borrower and the applicable Lenders
of (w) any occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable and its related Benchmark Replacement
Date, (x) the effectiveness of any Benchmark Replacement Conforming Changes, (y) the removal or reinstatement of any tenor of a Benchmark
pursuant to clause (iv) below and (z) the commencement of any Benchmark Unavailability Period. For the avoidance of doubt,
any notice required to be delivered by the Administrative Agent as set forth in this Section 2.17(a) may be provided, at
the option of the Administrative Agent (in its sole discretion), in one or more notices and may be delivered together with, or as part
of any amendment which implements any Benchmark Replacement or Benchmark Conforming Changes. Any determination, decision or election that
may be made by the Administrative Agent or, if applicable, any Lender (or group of Lenders) pursuant to this Section 2.17(a),
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(a).

(iv)       Unavailability
of Tenor of Benchmark. Solely with respect to the Tranche A Revolving Facility and the SISO Term Facility, notwithstanding
anything to the contrary herein or in any other Loan Document, at any time (including in connection with the implementation of a
Benchmark Replacement), (x) if the then-current Benchmark is a term rate (including 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 (y) if a tenor that was removed pursuant to clause
(x) above either (A) is subsequently displayed on a screen or information service for a Benchmark (including a Benchmark
Replacement) or (B) is not, or is no longer, subject to an announcement that it is 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.

(v)       Benchmark
Unavailability Period. Upon the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period with respect
to a Benchmark for Dollars for any Loans under the Tranche A Revolving Facility or the SISO Term Facility, the Borrower 

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may revoke any
request for a borrowing of, conversion to or continuation of Eurocurrency 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, to the extent a component of ABR is based upon the then-current Benchmark or such tenor for such Benchmark, as
applicable, such Benchmark or tenor will not be used in any determination of ABR. Upon the commencement of a Benchmark Unavailability
Period with respect to a Benchmark for any currency other than Dollars, the obligation of the Lenders to make or maintain Loans referencing
such Benchmark in the affected currency shall be suspended (to the extent of the affected borrowings or Interest Periods).

(vi)       Disclaimer.
The Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to (w) the administration,
submission or any other matter related to the London interbank offered rate or other rates in the definition of “Eurocurrency Rate”
or with respect to any alternative or successor rate thereto, or replacement rate thereof (including, without limitation any Benchmark
Replacement implemented hereunder), (x) the composition or characteristics of any such Benchmark Replacement, including whether it is
similar to, or produces the same value or economic equivalence to LIBOR or any other then-current Benchmark or have the same volume or
liquidity as did LIBOR or any other then-current Benchmark, (y) any actions or use of its discretion or other decisions or determinations
made with respect to any matters covered by this Section 2.17(a) including, without limitation, whether or not a Benchmark
Transition Event has occurred, the removal or lack thereof of unavailable or non-representative tenors, the implementation or lack thereof
of any Benchmark Replacement Conforming Changes, the delivery or non-delivery of any notices required by clause (iii) above
or otherwise in accordance herewith, and (z) the effect of any of the foregoing provisions of this Section 2.17(a).

(b)       If
prior to the first day of any Interest Period for any Eurocurrency Loan under the Tranche B Term Facility:

(i)       the
Administrative Agent or the relevant Local Fronting Lender shall have determined (which determination shall be presumptively correct absent
demonstrable error) that, by reason of circumstances affecting the relevant market, adequate and reasonable means do not exist for ascertaining
the Eurocurrency Rate for such Interest Period, or

(ii)       the
Administrative Agent shall have received notice from the Majority Facility Lenders in respect of the Tranche B Term Facility or, with
respect to Local Loans, the applicable Local Fronting Lender, that by reason of any changes arising after the Closing Date, the Eurocurrency
Rate determined or to be determined for such Interest Period will not adequately and fairly reflect the cost to such Lenders (as certified
by such Lenders) of making or maintaining their affected Loans during such Interest Period,

then, the Administrative
Agent or the relevant Local Fronting Lender (as the case may be) shall give telecopy notice thereof to the Borrower and the relevant Lenders
as soon as practicable thereafter. If such notice is given

(1)        the
Eurocurrency Rate applicable to any Eurocurrency Loans under the Tranche B Term Facility (or the Local Loans, as the case may be) for
such Interest Periods shall be

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(A)        a
comparable successor or alternative interbank rate for deposits in the corresponding currency in lieu of the Eurocurrency Rate that is

(x)        reasonably
acceptable to the Borrower and the Administrative Agent,

(y)        no
less favorable to the Borrower than such successor or alternative interbank rates used under other credit facilities of similarly situated
borrowers in respect of which the Administrative Agent acts in a substantively similar capacity to its capacity hereunder and

(z)        posted
electronically on the Platform to the Required Tranche B Lenders (provided, that if the Required Tranche B Lenders have
objected in writing to such posted rate within five Business Days following such posting, such posted rate shall cease to apply), or

(B)        solely
if no such comparable successor or alternative interbank rate exists at such time or if Required Tranche B Lenders have objected to a
posted rate under clause (A) above, a successor or alternative index rate as the Administrative Agent and the Borrower may
determine with the consent of Required Tranche B Lenders (not to be unreasonably withheld or delayed), which shall be no less favorable
to the Borrower than such successor or alternative interbank rates used under other credit facilities of similarly situated borrowers
in respect of which the Administrative Agent acts in a substantively similar capacity to its capacity hereunder and

(2)        until the
adoption of a successor or alternative index rate in accordance with Section 2.17(b)(1) above,

(x)        any
Eurocurrency Loans under the Tranche B Term Facility (or the Local Loans, as the case may be) requested to be made on the first day of
such Interest Period shall be made as ABR Loans, unless such request for Eurocurrency Loans shall be rescinded by the Borrower or the
applicable Local Borrowing Subsidiary, promptly after receipt of such notice from the Administrative Agent,

(y)        any
Loans under the Tranche B Term Facility (or the Local Loans, as the case may be) that were to have been converted on the first day of
such Interest Period to Eurocurrency Loans shall be continued as ABR Loans and

(z)        any
outstanding Eurocurrency Loans under the Tranche B Term Facility (or the Local Loans, as the case may be) shall be converted, on the last
day of the then-current Interest Period with respect thereto, to ABR Loans.

Until such notice has been withdrawn by
the Administrative Agent (which action the Administrative Agent will take promptly after the conditions giving rise to such notice
no longer exist) or the adoption of a successor or alternative index rate pursuant to Section 2.17(b)(1) above, no further
Eurocurrency Loans under the Tranche B Term Facility (or the Local Loans, as the case may be) shall be made or continued as such,
nor shall the Borrower have the right to convert Loans under the Tranche B Term Facility (or the Local Loans, as the case may be) to
Eurocurrency Loans. For the avoidance of doubt, the Company’s or the applicable Local Borrowing Subsidiary’s rescission
of a request for Eurocurrency Loans shall be subject to Section 2.21. Notwithstanding the foregoing, in no event shall
the successor or alternative index rate be less than, with respect to the Tranche A Revolving Facility, 0.50% (or with respect to
the SISO Term Facility and any other Facilities, 1.75%).

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2.18       Pro
Rata Treatment and Payments 

(a)       Borrowings,
Commitment Fees and Reduction of Commitments

(i)       Except
as expressly otherwise provided herein (including as expressly provided in Sections 2.4, 2.7, 2.9,
2.10(b), 2.12, 2.15(c), 2.19, 2.20, 2.21, 2.22,
2.24, 2.26, 10.5, 10.6 and 10.7), each borrowing by the Borrower
from the Tranche A Revolving Lenders hereunder, each payment by the Borrower on account of the Tranche A Commitment Fee and any reduction
of the Tranche A Revolving Commitments shall be made pro rata according to the Tranche A Revolving Percentages of the relevant
Tranche A Revolving Lenders other than reductions of Tranche A Revolving Commitments pursuant to Section 2.24.

(ii)       [reserved].

(iii)       With
respect to each Tranche (excluding Tranche A Revolving Commitments, Tranche A Revolving Loans, SISO Term Commitments, SISO Term
Loans, Tranche B Term Commitments and Tranche B Term Loans), except as expressly otherwise provided
herein (including as expressly provided in Sections 2.4, 2.7, 2.9, 2.10(b),
2.12, 2.15(c), 2.19, 2.20, 2.21, 2.22, 2.24,
2.26, 10.5, 10.6 and 10.7), each borrowing
by the Borrower from the Revolving Lenders hereunder, each payment by the Borrower on account of any commitment fee and any reduction
of the Revolving Commitments, in each case in respect of such Tranche, shall be made pro rata according to the applicable
Tranche Revolving Percentages of such Revolving Lenders other than reductions of such Revolving Commitments pursuant to Section
2.24.

(b)       [reserved].

(c)       Principal
and Interest

(i)       Except
as expressly otherwise provided herein (including as expressly provided in Sections 2.7, 2.10(b), 2.11,
2.12, 2.15(c), 2.19, 2.20, 2.21, 2.22, 2.24,
2.26, 10.5, 10.6 and 10.7), each payment (including prepayments) to be made by
the Borrower on account of principal of and interest on the Tranche A Revolving Loans shall be made pro rata according to
the respective outstanding principal amounts of the Tranche A Revolving Loans then held by the Tranche A Revolving Lenders.

(ii)       Except
as expressly otherwise provided herein (including as expressly provided in Sections 2.7, 2.10(b), 2.11,
2.12, 2.15(c), 2.19, 2.20, 2.21, 2.22, 2.24,
2.26, 10.5, 10.6 and 10.7), each payment (including prepayments) to be made by
the Borrower on account of principal of and interest on the SISO Term Loans or Tranche B Term Loans shall be made pro rata
according to the respective outstanding principal amounts of the SISO Term Loans or the Tranche B Term Loans then held by the SISO Term
Lenders or the Tranche B Term Lenders, respectively.

(iii)       With
respect to each Tranche (excluding Tranche A Revolving Loans, SISO Term Loans and Tranche B Term Loans), except as expressly
otherwise provided herein (including as expressly provided in Sections 2.7, 2.10(b), 2.11, 2.12, 2.15(c), 2.19, 2.20, 2.21, 2.22, 2.24, 2.26, 10.5, 10.6
and 10.7), each payment (including prepayments) to be made by the Borrower on account of principal of and interest on
the Revolving Loans of such Tranche shall be made pro rata according to the respective outstanding principal amounts
of the Revolving Loans of such Tranche then held by the Revolving Lenders other than payments in respect of any differences in the
Applicable Margin applicable to different Tranches.

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(iv)       Each
payment in respect of Reimbursement Obligations in respect of any Letter of Credit shall be made to the Issuing Lender that issued such
Letter of Credit. Each payment of principal in respect of Swingline Loans shall be made in accordance with Section 2.6.
Each payment in respect of Local Loans shall be made to the applicable Local Fronting Lender, in accordance with Section 2.8(a).

(d)       (i)       All
payments (including prepayments) to be made by the Borrower hereunder, whether on account of principal, interest, fees or otherwise (other
than those relating to Local Loans and Acceptances), shall be made without setoff, deduction or counterclaim and shall be made prior to
3:00 p.m., New York City time, on the due date thereof to the Administrative Agent, for the account of the relevant Lenders, at the Funding
Office, in immediately available funds. Any payment received by the Administrative Agent after 3:00 p.m., New York City time may be considered
received on the next Business Day in the Administrative Agent’s sole discretion. The Administrative Agent shall distribute such
payments to the relevant Lenders promptly upon receipt in like funds as received; provided, that payments received by the
Administrative Agent on account of interest or fees on the Local Loans and Acceptances may be held by the Administrative Agent and distributed
to the Lenders not less frequently than weekly. If any payment hereunder (other than payments on the Eurocurrency 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 Eurocurrency
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. During any Cash Dominion Period, solely
for purposes of determining the amount of Loans available for borrowing purposes, checks (in addition to immediately available funds applied
pursuant to Section 2.8(e)) from collections of items of payment and proceeds of any ABL Facility First Priority Collateral
shall be applied in whole or in part against the applicable Obligations on the Business Day of receipt, subject to actual collection.
Notwithstanding anything to the contrary, to the extent the Administrative Agent receives a payment or other amount after the date such
payment or other amount is due, the Administrative Agent, in its sole discretion, may distribute such payment or other amount to the relevant
Lender of record (or other Person of record entitled to such payment) as of the date such payment or other amount is received by the Administrative
Agent.

(ii)       All
payments (including prepayments) to be made by any Local Borrower on account of principal, interest and fees relating to Local Loans and
Acceptances shall be made without set-off or counterclaim and shall be made to the Local Fronting Lender to which such amounts are owing
at the office of such Local Fronting Lender, or at such other location as such Local Fronting Lender may direct, on or prior to 1:00 p.m.,
local time at the principal lending office of such Local Fronting Lender. Each such payment shall, to the extent that it is owing on account
of Local Loans which are denominated in Dollars, be paid in Dollars and, otherwise, shall be paid in the relevant Permitted Foreign Currency
and in immediately available funds. Each Local Fronting Lender shall give prompt notice to the Administrative Agent of amounts from time
to time received by it hereunder.

(e)       Unless
the Administrative Agent shall have been notified in writing by any Lender prior to a 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 is making such amount available to the Administrative Agent, and the Administrative Agent may, in reliance upon
such assumption, make available to the Borrower a corresponding amount. If such amount is not made available to the Administrative
Agent by the required time on the Borrowing Date therefor, such Lender shall pay to the Administrative Agent on demand, such amount
with interest thereon, at a 

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rate equal to the greater of (i) the Federal Funds Effective Rate and (ii) a rate reasonably determined
by the Administrative Agent in accordance with banking industry rules on interbank compensation, for the period until such Lender
makes such amount immediately available to the Administrative Agent. A certificate of the Administrative Agent submitted to any
Lender with respect to any amounts owing under this paragraph shall be presumptively correct in the absence of demonstrable error.
If such Lender’s share of such borrowing is not made available to the Administrative Agent by such Lender within three
Business Days after such Borrowing Date, the Administrative Agent shall give notice of such fact to the Borrower and the
Administrative Agent shall also be entitled to recover such amount with interest thereon at the rate per annum applicable to ABR
Loans under the relevant Facility, on demand, from the Borrower. Nothing herein shall be deemed to limit the rights of the
Administrative Agent or the Borrower against any Defaulting Lender.

(f)       Unless
the Administrative Agent shall have been notified in writing by the Borrower prior to the date of any payment due to be made by the Borrower
hereunder that the Borrower will not make such payment to the Administrative Agent, the Administrative Agent may assume that the Borrower
is making such payment, and the Administrative Agent may, but shall not be required to, in reliance upon such assumption, make available
to the relevant Lenders their respective pro rata shares of a corresponding amount. If such payment is not made to the Administrative
Agent by the Borrower within three Business Days after such due date, the Administrative Agent shall be entitled to recover, on demand,
from each relevant Lender to which any amount which was made available pursuant to the preceding sentence, such amount with interest thereon
at the rate per annum equal to the daily average Federal Funds Effective Rate. Nothing herein shall be deemed to limit the rights of the
Administrative Agent or any Lender against the Borrower.

2.19       Requirements
of Law.

(a)       Except
with respect to Indemnified Taxes, Excluded Taxes and Other Taxes, if the adoption of or any change in any Requirement of Law or in the
interpretation or application thereof or compliance by any Lender with any request or directive (whether or not having the force of law)
from any central bank or other Governmental Authority first made, in each case, subsequent to the Closing Date:

(i)       shall
impose, modify or hold applicable any reserve, special deposit, compulsory loan or similar requirement against assets held by, deposits
or other liabilities in or for the account of, advances, loans or other extensions of credit by, or any other acquisition of funds by
any office of such Lender that is not otherwise included in the determination of the Eurocurrency Rate hereunder;

(ii)       shall
subject any Recipient to any Taxes on its loans, loan principal, letters of credit, commitments, or other obligations or its deposits,
reserves, other liability or capital attributable thereto; or

(iii)       shall
impose on such Lender any other condition not otherwise contemplated hereunder;

and the result of any of the foregoing is
to increase the cost to such Lender or other Recipient, by an amount which such Lender or other Recipient reasonably deems to be
material, of making, converting into, continuing or maintaining Eurocurrency Loans or issuing or participating in Letters of Credit,
Local Loans or Acceptances (in each case hereunder), or to reduce any amount receivable hereunder in respect thereof, then, in any
such case, the Borrower or Local Borrowing Subsidiary, as applicable, shall promptly pay such Lender, in Dollars or the Permitted
Foreign Currency, as applicable, within thirty 

    	 	112	 

     

    

Business Days after the Borrower’s receipt of a reasonably detailed invoice
therefor (showing with reasonable detail the calculations thereof), any additional amounts necessary to compensate such Lender for
such increased cost or reduced amount receivable. If any Lender becomes entitled to claim any additional amounts pursuant to this Section
2.19, 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.

(b)       If
any Lender shall have reasonably determined that the adoption of or any change in any Requirement of Law regarding capital adequacy or
liquidity requirements or in the interpretation or application thereof or compliance by such Lender or any entity controlling such Lender
with any request or directive regarding capital adequacy or liquidity requirements (whether or not having the force of law) from any Governmental
Authority first made, in each case, subsequent to the Closing Date shall have the effect of reducing the rate of return on such Lender’s
or such entity’s capital as a consequence of its obligations hereunder or under or in respect of any Letter of Credit, Local Loan
or Acceptance to a level below that which such Lender or such entity could have achieved but for such adoption, change or compliance (taking
into consideration such Lender’s or such entity’s policies with respect to capital adequacy or liquidity requirements) by
an amount deemed by such Lender to be material, then from time to time, after submission by such Lender to the Borrower (with a copy to
the Administrative Agent) of a reasonably detailed written request therefor (consistent with the detail provided by such Lender to similarly
situated borrowers), the Borrower, or if such Lender is a Local Fronting Lender, the applicable Local Borrowing Subsidiary, shall pay
to such Lender, in Dollars, such additional amount or amounts as will compensate such Lender or such entity for such reduction.

(c)       A
certificate prepared in good faith as to any additional amounts payable pursuant to this Section 2.19 submitted by any Lender
to the Borrower (with a copy to the Administrative Agent) shall be presumptively correct in the absence of demonstrable error. 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 180 days prior to the date that such Lender notifies the Borrower 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 180-day period shall be extended to include the period of such retroactive effect. The obligations of
the Borrower pursuant to this Section 2.19 shall survive the termination of this Agreement and the payment of the Obligations.
Notwithstanding the foregoing, the Borrower shall not be obligated to make payment to any Lender with respect to penalties, interest and
expenses if written demand therefor was not made by such Lender within 180 days from the date on which such Lender makes payment for such
penalties, interest and expenses.

(d)       Notwithstanding
anything in this Section 2.19 to the contrary, solely for purposes of this Section 2.19, (i) the Dodd Frank
Wall Street Reform and Consumer Protection Act, and all requests, rules, regulations, guidelines and directives promulgated thereunder
or issued in connection therewith and (ii) all requests, rules, guidelines, requirements and directives promulgated by the Bank for International
Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory
authorities, in each case pursuant to Basel III, shall, in each case, be deemed to have been enacted, adopted or issued, as applicable,
subsequent to the Closing Date.

(e)       For
purposes of this Section 2.19, the term “Lender” shall include any Issuing Lender, Local Fronting Lender and
Swingline Lender.

2.20       Taxes.

(a)       Except
as otherwise provided in this Agreement or as required by law, all payments made by or on account of each Borrower or any Loan 

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Party under
this Agreement and the other Loan Documents to any Recipient under this Agreement shall be made free and clear of, and without deduction
or withholding for or on account of, any Taxes. If any Indemnified Taxes or Other Taxes are required to be deducted or withheld from any
such payments, the amounts so payable to the applicable Recipient shall be increased to the extent necessary so that after deduction or
withholding of such Indemnified Taxes and Other Taxes (including Indemnified Taxes attributable to amounts payable under this Section
2.20(a)) the applicable Recipient receives an amount equal to the sum it would have received had no such deduction or withholding
been made.

(b)       In
addition, each Borrower or any Loan Party under this Agreement and the other Loan Documents shall pay any Other Taxes to the relevant
Governmental Authority in accordance with applicable law.

(c)       Whenever
any Taxes are payable by any Borrower and any Loan Party under this Agreement and the other Loan Documents, as promptly as possible thereafter
the Borrower shall send to the Administrative Agent for the account of the Administrative Agent or Lender, as the case may be, a certified
copy of an original official receipt received by such Borrower or Loan Party showing payment thereof if such receipt is obtainable, or,
if not, such other evidence of payment as may reasonably be required by the Administrative Agent or such Lender. If any Borrower or any
Loan Party under this Agreement and the other Loan Documents fails to pay any Indemnified Taxes or Other Taxes that such Borrower or Loan
Party under this Agreement and the other Loan Documents is required to pay pursuant to this Section 2.20 (or in respect
of which such Borrower or any Loan Party under this Agreement and the other Loan Documents would be required to pay increased amounts
pursuant to Section 2.20(a) if such Indemnified Taxes or Other Taxes were withheld) when due to the appropriate taxing authority
or fails to remit to the Administrative Agent the required receipts or other required documentary evidence, such Borrower or any Loan
Party under this Agreement and the other Loan Documents shall indemnify the applicable Recipient for any payments by them of such Indemnified
Taxes or Other Taxes, including any amounts payable pursuant to Section 2.20(a), and for any Indemnified Taxes that become
payable by such Recipient as a result of any such failure within thirty days after the Lender or the Administrative Agent delivers to
such Borrower or Loan Party (with a copy to the Administrative Agent) either (a) a copy of the receipt issued by a Governmental Authority
evidencing payment of such Taxes or (b) certificates as to the amount of such payment or liability prepared in good faith.

(d)       [reserved]

(e)       Each
Lender that is entitled to an exemption from or reduction of non-U.S. withholding Tax with respect to payments made under any Loan
Document shall deliver to the Borrowers and the Administrative Agent, at the time or times reasonably requested by the Borrowers or
the Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrowers or the
Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition,
each Lender, if reasonably requested by the Borrowers or the Administrative Agent, shall deliver such other documentation prescribed
by applicable law or reasonably requested by the Borrowers or the Administrative Agent as will enable the Borrowers or the
Administrative Agent to determine whether or not such Lender is subject to non U.S. backup or similar withholding or information
reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and
submission of such documentation shall not be required if in the Lender’s reasonable judgment such completion, execution or
submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or
commercial position of such Lender. Each Lender that is not a United States person (as such term is defined in Section 7701(a)(30)
of the Code) (a “Non-US Lender”) shall deliver to the Borrower and the Administrative Agent (or, in the
case of a Participant, to the Lender from which the related participation shall have been purchased) (A) (i) two accurate and
complete copies of IRS Form W-8ECI, W-8BEN or

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 W-8BEN-E, as applicable, (ii) in the case of a Non-US Lender claiming exemption from
U.S. federal withholding tax under Section 871(h) or 881(c) of the Code with respect to payments of “portfolio
interest”, a statement substantially in the form of Exhibit F and two accurate and complete copies of IRS Form
W-8BEN or W-8BEN-E, or any subsequent versions or successors to such forms, in each case properly completed and duly executed by
such Non-US Lender claiming complete exemption from, or reduced rate of, U.S. federal withholding tax on all payments under this
Agreement and the other Loan Documents, or (iii) IRS Form W-8IMY (or any applicable successor form) and all necessary attachments
(including the forms described in clauses (i) and (ii) above, provided that if the Non-US
Lender is a partnership, and one or more of the partners is claiming portfolio interest treatment, the certificate in the form of Exhibit
F may be provided by such Non-US Lender on behalf of such partners) and (B) 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. Such forms shall be delivered by each Non-US Lender before the date it becomes a party to this
Agreement (or, in the case of any Participant, on or before the date such Participant purchases the related participation). In
addition, each Non-US Lender shall deliver such forms promptly upon the obsolescence or invalidity of any form previously delivered
by such Non-US Lender, and from time to time thereafter if reasonably requested by the Borrower or the Administrative Agent. Each
Non-US Lender shall (i) promptly notify the Borrower and the Administrative Agent at any time it determines that it is no longer in
a position to provide any previously delivered certificate to the Borrower and the Administrative Agent (or any other form of
certification adopted by the United States taxing authorities for such purpose) and (ii) take such steps as shall not be
disadvantageous to it, in its reasonable judgment, and as may be reasonably necessary (including the re-designation of its lending
office pursuant to Section 2.23) to avoid any requirement of applicable laws of any such jurisdiction that the
applicable Borrower or any Loan Party make any deduction or withholding for Taxes from amounts payable to such Lender.
Notwithstanding any other provision of this paragraph, a Non-US Lender shall not be required to deliver any form pursuant to this
paragraph that such Non-US Lender is not legally able to deliver provided that it shall promptly notify the Borrower
and the Administrative Agent in writing of such inability.

(f)       [reserved]

(g)       Each
Lender that is a United States person (as such term is defined in Section 7701(a)(30) of the Code) (a “US Lender”)
shall deliver to the Borrower and the Administrative Agent two accurate and complete copies of IRS Form W-9, or any subsequent versions
or successors to such form and certify that such Lender is not subject to backup withholding. Such forms shall be delivered by each US
Lender on or before the date it becomes a party to this Agreement. In addition, each US Lender shall deliver such forms promptly upon
the obsolescence or invalidity of any form previously delivered by such US Lender, and from time to time thereafter if reasonably requested
by the Borrower or the Administrative Agent. Each US Lender shall promptly notify the Borrower and the Administrative Agent at any time
it determines that it is no longer in a position to provide any previously delivered certifications to the Borrower and the Administrative
Agent (or any other form of certification adopted by the United States taxing authorities for such purpose).

(h)       If
any Recipient determines, in good faith, that it has received a refund of any Indemnified Taxes or Other 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 promptly pay to the indemnifying party an amount equal to such refund (but only to the extent of indemnity
payments made, or additional amounts paid under this Section 2.20 with respect to the Indemnified Taxes or Other Taxes
giving rise to such refund), net of all out-of-pocket expenses of such Recipient and without interest (other than any interest paid
by the relevant Governmental Authority with respect to such refund); 

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provided, that such indemnifying party, upon the
request of such Recipient, agrees to repay the amount paid over to the indemnifying party (plus any penalties,
interest or other charges imposed by the relevant Governmental Authority other than any such penalties, interest or other charges
resulting from the gross negligence or willful misconduct of the relevant Recipient (as determined by a final and non-appealable
judgment of a court of competent jurisdiction)) to such Recipient in the event such Recipient is required to repay such refund to
such Governmental Authority; provided, further, that such Recipient shall, at the indemnifying
party’s request, provide a copy of any notice of assessment or other evidence of the requirement to pay such refund received
from the relevant Governmental Authority (provided that the Recipient may delete any information therein that it deems
confidential). This paragraph shall not be construed to require any Recipient to make available its tax returns (or any other
information relating to its taxes which it deems confidential) to the Borrower or any other Person. In no event will any Recipient
be required to pay any amount to an indemnifying party the payment of which would place such Recipient in a less favorable net
after-tax position than such Recipient would have been in if the additional amounts giving rise to such refund of any Indemnified
Taxes or Other Taxes had never been paid. The agreements in this Section 2.20 shall survive the termination of this
Agreement and the payment of the Obligations.

(i)       [reserved]

(j)       If
a payment made to a Lender under any Loan Document would be subject to 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 Administrative Agent at the time or times prescribed by law and at such time or times reasonably
requested by the Borrower or Administrative Agent such documentation prescribed by applicable law (including as prescribed by Section
1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower or Administrative Agent as may be
necessary for the Borrower and Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has
complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely
for purposes of this Section 2.20(j) “FATCA” shall include any amendments made to FATCA after the date of this
Agreement.

(k)       To
the extent required by any applicable laws, the Administrative Agent may withhold from any payment to any Lender an amount equivalent
to any applicable withholding Tax. Without limiting the provisions of Section 2.20, each Lender shall severally indemnify
the Administrative Agent, within 10 days after demand therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to
the extent that any Borrower or Loan Party has not already indemnified the Administrative Agent for such Indemnified Taxes and without
limiting the obligation of such Borrower or Loan Parties to do so), (ii) any Taxes attributable to such Lender’s failure to comply
with the provisions of Section 10.6(c)(iii) relating to the maintenance of a Participant Register and (iii) any Excluded
Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent in connection with any Loan Document,
and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or
asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by
the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set off
and apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise payable by the Administrative Agent
to the Lender from any other source against any amount due to the Administrative Agent under this paragraph (h).

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(l)       The
agreements in this Section 2.20 shall survive the termination of this Agreement and payment of the Loans and all other amounts
payable under any Loan Document, the resignation of the Administrative Agent and any assignment of rights by, or replacement of, any Lender.

(m)       For
purposes of this Section 2.20, the term “Lender” shall include any Issuing Lender or Swingline Lender, and,
for the avoidance of doubt, applicable law includes FATCA.

2.21       Indemnity.
Other than with respect to Taxes, which shall be governed solely by Section 2.20, the Borrower agrees to indemnify each
Lender for, and to hold each Lender harmless from, any loss or expense (other than lost profits, including the loss of Applicable Margin)
that such Lender actually sustains or incurs as a consequence of (a) any failure by the Borrower in making a borrowing of, conversion
into or continuation of Eurocurrency Loans or Local Rate Loans after the Borrower has given notice requesting the same in accordance
with the provisions of this Agreement, (b) any failure by the Borrower in making any prepayment of or conversion from Eurocurrency Loans
or Local Rate Loans after the Borrower has given a notice thereof in accordance with the provisions of this Agreement or (c) the making
of a prepayment, conversion or continuation of Eurocurrency Loans or Local Rate Loans on a day that is not the last day of an Interest
Period with respect thereto. A reasonably detailed certificate as to (showing in reasonable detail the calculation of) any amounts payable
pursuant to this Section 2.21 submitted to the Borrower by any Lender shall be presumptively correct in the absence of
demonstrable error. This covenant shall survive the termination of this Agreement and the payment of the Obligations.

2.22       Illegality.

(a)       Notwithstanding
any other provision herein, if the adoption of or any change in any Requirement of Law or in the interpretation or application thereof,
in each case, first made after the Closing Date, shall make it unlawful for any Revolving Lender to make or maintain Eurocurrency Loans
as contemplated by this Agreement, such Lender shall promptly give notice thereof to the Administrative Agent and the Borrower, and (a)
the commitment of such Lender hereunder to make Eurocurrency Loans, continue Eurocurrency Loans as such and convert ABR Loans to Eurocurrency
Loans shall be suspended during the period of such illegality and (b) such Lender’s Loans then outstanding as Eurocurrency Loans,
if any, shall be converted automatically to ABR Loans on the respective last days of the then current Interest Periods with respect to
such Loans or within such earlier period as required by law. If any such conversion of a Eurocurrency Loan occurs on a day which is not
the last day of the then current Interest Period with respect thereto, the Borrower shall pay to such Lender such amounts, if any, as
may be required pursuant to Section 2.21.

(b)       Notwithstanding
any other provision herein, if the adoption of or any change in any Requirement of Law or in the interpretation or application thereof,
in each case, first made after the Closing Date, shall make it unlawful for any Local Fronting Lender to make or maintain Local Loans
as Eurocurrency Loans in the Permitted Foreign Currency applicable to it as contemplated by this Agreement or to accept deposits in order
to make or maintain such Eurocurrency Loans, (i) such Local Fronting Lender shall promptly notify the Administrative Agent, the Company
and the relevant Local Borrowing Subsidiary thereof, (ii) the agreements of such Local Fronting Lender hereunder to make or convert to
Eurocurrency Loans shall be suspended during the period of such illegality, (iii) such Local Fronting Lender’s Local Loans then
outstanding as Eurocurrency Loans, if any, shall automatically become Local Rate Loans for the duration of the respective Interest Periods
applicable thereto (or, if permitted by applicable law, at the end of such Interest Periods).

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(c)       Notwithstanding
any other provision herein, if the adoption of or any change in any Requirement of Law or in the interpretation or application
thereof, in each case, first made after the Closing Date, shall make it unlawful for any Revolving Lender to purchase a
participating interest in any Local Loan or Acceptance, such Revolving Lender shall use reasonable efforts (including reasonable
efforts to change the office in which it is booking such participating interest) to avoid such prohibition; provided, however,
that such efforts shall not cause the imposition on such Revolving Lender of any additional costs or legal or regulatory burdens
deemed by such Revolving Lender to be material or otherwise be deemed by such Revolving Lender to be disadvantageous to it or
contrary to its policies. In the event that such efforts are not sufficient to avoid such prohibition, (i) the Borrower shall be
permitted to replace such Revolving Lender in accordance with and subject to the requirements of Section 2.24, (ii)
such Revolving Lender shall promptly notify the Administrative Agent, the relevant Local Fronting Lender, the Company and the
relevant Local Borrowing Subsidiary thereof and (iii) the agreements of such Local Fronting Lender to make further Local Loans (or,
to the extent applicable, to make further Local Loans upon such interest rate basis) and Acceptances hereunder shall be suspended
during the period of such prohibition.

2.23       Change
of Lending Office.

Each Lender agrees that,
upon the occurrence of any event giving rise to the operation of Section 2.19, 2.20(a) or 2.22
with respect to such Lender, it will, if requested by the Borrower, use reasonable efforts (subject to overall policy considerations of
such Lender) to avoid or minimize any amounts payable pursuant to such Sections (including by designating another lending office for any
Loans affected by such event with the object of avoiding the consequences of such event); provided, that such designation
is made on terms that, in the good faith judgment of such Lender, cause such Lender and its lending office(s) to suffer no material economic,
legal or regulatory disadvantage; provided, further, that nothing in this Section 2.23 shall
affect or postpone any of the obligations of the Borrower or the rights of any Lender pursuant to Section 2.19, 2.20(a)
or 2.22.

2.24       Replacement
of Lenders.

Notwithstanding anything
to the contrary herein, including the provisions set forth in Section 2.10, Section 2.11 and Section
2.12 each of which shall not apply to prepayments or termination of Loans or Commitments under this Section 2.24,
the Borrower shall be permitted to (a) replace with a financial entity or financial entities, or (b) prepay or terminate, without premium
or penalty (but subject to Section 2.21), the Loans or Commitments, as applicable, of any Lender, Issuing Lender or Swingline
Lender (each such Lender, Issuing Lender or Swingline Lender, a “Replaced Lender”) that (i) requests reimbursement
for amounts owing or otherwise results in increased costs imposed on the Borrowers or on account of which a Borrower is required to pay
additional amounts to any Governmental Authority, in each case, pursuant to Section 2.19, 2.20 or 2.21
(to the extent a request made by a Lender pursuant to the operation of Section 2.21 is materially greater than requests
made by other Lenders) or gives a notice of illegality pursuant to Section 2.22, (ii) is a Defaulting Lender or a Lender
referred to in Section 2.22(c)(i), (iii) is, or the Borrower reasonably believes could constitute, a Disqualified Institution,
or (iv) has refused to consent to any waiver or amendment with respect to any Loan Document that requires such Lender’s consent
and has been consented to by the Required Lenders; provided, that, in the case of a replacement pursuant to clause
(a) above:

(A)       such
replacement does not conflict with any Requirement of Law;

(B)       the
replacement financial entity or financial entities shall purchase, at par, all Loans and other amounts owing to such Replaced Lender on
or prior to the date of replacement (or, in the case of a replacement of an Issuing Lender or Swingline

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 Lender, comply with the provisions
of Section 9.9(c) (to the extent applicable as if such Lender was resigning as Administrative Agent));

(C)       the
Borrower shall be liable to such Replaced Lender under Section 2.21 (as though Section 2.21 were
applicable) if any Eurocurrency Loan owing to such Replaced Lender shall be purchased other than on the last day of the Interest
Period relating thereto;

(D)       the
replacement financial entity or financial entities, (x) if not already a Lender, shall be reasonably satisfactory to the Administrative
Agent to the extent that an assignment to such replacement financial institution of the rights and obligations being acquired by it would
otherwise require the consent of the Administrative Agent pursuant to Section 10.6(b)(i)(2) and (y) shall pay (unless otherwise
paid by the Borrower) any processing and recordation fee required under Section 10.6(b)(ii)(2);

(E)       the
Administrative Agent and any replacement financial entity or entities shall execute and deliver, and such Replaced Lender shall thereupon
be deemed to have executed and delivered, an appropriately completed Assignment and Assumption to effect such substitution (or, in the
case of a replacement of an Issuing Lender or Swingline Lender, customary assignment documentation);

(F)       the
Borrower shall pay all additional amounts (if any) required pursuant to Section 2.19 or 2.20, as the case
may be, in respect of any period prior to the date on which such replacement shall be consummated;

(G)       in
respect of a replacement pursuant to clause (iv) above, the replacement financial entity or financial entities shall consent
to such amendment or waiver; and

(H)       any
such replacement shall not be deemed to be a waiver of any rights that the Borrower, the Administrative Agent or any other Lender shall
have against the Replaced Lender.

Prepayments pursuant to clause (b) above (i)
shall be accompanied by accrued and unpaid interest on the principal amount so prepaid up to the date of such prepayment and (ii) shall
not be subject to the provisions of Section 2.18. The termination of the Revolving Commitments of any Lender pursuant to
clause (b) above shall not be subject to the provisions of Section 2.18. In connection with any such replacement under this
Section 2.24, if the Replaced Lender does not execute and deliver to the Administrative Agent a duly completed Assignment
and Assumption and/or any other documentation necessary to reflect such replacement by the later of (a) the date on which the replacement
Lender executes and delivers such Assignment and Assumption and/or such other documentation and (b) the date as of which all obligations
of the Borrower owing to the Replaced Lender relating to the Loans and participations so assigned shall be paid in full to such Replaced
Lender, then such Replaced Lender shall be deemed to have executed and delivered such Assignment and Assumption and/or such other documentation
as of such date and the Borrower shall be entitled (but not obligated) to execute and deliver such Assignment and Assumption and/or such
other documentation on behalf of such Replaced Lender, and the Administrative Agent shall record such assignment in the Register.

2.25       [Reserved].

2.26       Extension
of Revolving Commitments.

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(a)       The
Borrower may at any time and from time to time request that all or a portion of the Revolving Commitments of one or more Tranches
existing at the time of such request (each, an “Existing Revolving Tranche” and the Revolving Loans of
such Existing Revolving Tranche, the “Existing Revolving Loans”), in each case, be converted to extend the
scheduled maturity date(s) of any payment of principal (or extend the termination date of any commitments) with respect to all or a
portion of any principal amount (or commitments) of any Existing Revolving Tranche (any such Existing Revolving Tranche which has
been so extended, an “Extended Revolving Tranche”, and the Revolving Commitments of such Extended
Revolving Tranches, the “Extended Revolving Commitments”) and to provide for other terms consistent with
this Section 2.26; provided, that (i) any such request shall be made by the Borrower to all Lenders with
Revolving Commitments, with a like maturity date (whether under one or more Tranches) on a pro rata basis (based on the aggregate
outstanding principal amount of the applicable Revolving Commitments) and (ii) any applicable Minimum Extension Condition shall be
satisfied unless waived by the Borrower in its sole discretion. In order to establish any Extended Revolving Tranche, the Borrower
shall provide a notice to the Administrative Agent (who shall provide a copy of such notice to each of the Lenders of the applicable
Existing Revolving Tranche) (an “Extension Request”) setting forth the proposed terms of the Extended
Revolving Tranche to be established, which terms shall be substantially similar to those applicable to the Existing Revolving
Tranche from which they are to be extended (the “Specified Existing Tranche”), except (x) all or any of
the final maturity or termination dates of such Extended Revolving Tranches may be delayed to later dates than the final maturity or
termination dates of the Specified Existing Tranche, and (y) (A) the interest margins with respect to the Extended Revolving Tranche
may be higher or lower than the interest margins for the Specified Existing Tranche and/or (B) additional fees may be payable to the
Lenders providing such Extended Revolving Tranche in addition to or in lieu of any increased margins contemplated by the preceding clause
(A); provided, that, notwithstanding anything to the contrary in this Section 2.26 or otherwise,
assignments and participations of Extended Revolving Tranches shall be governed by the same or, at the Borrower’s discretion,
more restrictive assignment and participation provisions applicable to Revolving Commitments, set forth in Section
10.6. No Lender shall have any obligation to agree to have any of its Existing Revolving Loans converted into an Extended
Revolving Tranche pursuant to any Extension Request. Any Extended Revolving Tranche shall constitute a separate Tranche of Loans
from the Specified Existing Tranches and from any other Existing Revolving Tranches (and any other Extended Revolving Tranches so
established on such date).

(b)       The
Borrower shall provide the applicable Extension Request at least 10 Business Days (or such shorter period as the Administrative Agent
may agree to) prior to the date on which Lenders under the applicable Existing Revolving Tranche or Existing Revolving Tranches are requested
to respond. Any Lender (an “Extending Lender”) wishing to have all or a portion of its Specified Existing Tranche
converted into an Extended Revolving Tranche shall notify the Administrative Agent (each, an “Extension Election”)
on or prior to the date specified in such Extension Request of the amount of its Specified Existing Tranche that it has elected to convert
into an Extended Revolving Tranche. In the event that the aggregate amount of the Specified Existing Tranche subject to Extension Elections
exceeds the amount of Extended Revolving Tranches requested pursuant to the Extension Request, the Specified Existing Tranches subject
to Extension Elections shall be converted to Extended Revolving Tranches on a pro rata basis based on the amount of Specified Existing
Tranches included in each such Extension Election. In connection with any extension of Loans pursuant to this Section 2.26
(each, an “Extension”), the Borrower shall agree to such procedures regarding timing, rounding and other administrative
adjustments to ensure reasonable administrative management of the credit facilities hereunder after such Extension, as may be established
by, or acceptable to, the Administrative Agent and the Borrower, in each case acting reasonably to accomplish the purposes of this Section
2.26; provided, that no such Extension and no amendments relating thereto (including any Section 2.26 Additional Amendments)
shall become effective, unless

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(i)       to
the extent reasonably requested by the Administrative Agent, the Borrower shall deliver or cause to be delivered

(A)       customary
legal opinions with respect to the due authorization, execution and delivery by the Borrower and
each other Loan Party to be party thereto and the enforceability of the applicable Extension Amendment or Section 2.26 Additional Amendment,
as applicable, the non-conflict of the execution, delivery of and performance of payment obligations under such documentation with
this Agreement and with the organizational documents of the Loan Parties and the effectiveness of the Guarantee and Collateral
Agreement to create a valid security interest, and the effectiveness of specified other Security Documents to perfect such security
interests, in specified Collateral to secure the Obligations, including the extensions of credit under such Extension Amendment or
Section 2.26 Additional Amendment, as applicable,

(B)       certified
copies of the resolutions or other applicable corporate action of each applicable Loan Party approving its entry into such documents and
the transactions contemplated by such Extension or such amendment, and 

(C)       customary
reaffirmation agreements and/or such amendments, supplements or modifications to the Security Documents as may be reasonably necessary
or advisable to ensure that each Extending Lender is provided with the benefits of the applicable Loan Documents and each then existing
Secured Party continues to be provided with the benefit of the applicable Loan Documents, and

(ii)       the
conditions set forth in Section 2.34 shall be satisfied, if applicable.

(c)       Extended
Revolving Tranches shall be established pursuant to an amendment (an “Extension Amendment”) to this Agreement
and the other Loan Documents (which may include amendments to provisions related to maturity, interest margins or fees referenced in clauses
(x) and (y) of Section 2.26(a), and which, except to the extent expressly contemplated by the last
sentence of this Section 2.26(c) and notwithstanding anything to the contrary set forth in Section 10.1, shall
not require the consent of any Lender other than the Extending Lenders with respect to the Extended Revolving Tranches established thereby)
executed by the Loan Parties, the Administrative Agent, and the Extending Lenders. Subject to the requirements of this Section 2.26
and without limiting the generality or applicability of Section 10.1 to any Section 2.26 Additional Amendments, any Extension
Amendment may provide for additional terms and/or additional amendments other than those referred to or contemplated above (any such additional
amendment, a “Section 2.26 Additional Amendment”) to this Agreement and the other Loan Documents; provided,
that such Section 2.26 Additional Amendments do not become effective prior to the time that such Section 2.26 Additional Amendments have
been consented to (including pursuant to consents applicable to holders of any Extended Revolving Tranches provided for in any Extension
Amendment) by such of the Lenders, Loan Parties and other parties (if any) as may be required in order for such Section 2.26 Additional
Amendments to become effective in accordance with Section 10.1; provided, further, that no Extension
Amendment may provide for any Extended Revolving Tranche to be secured by any Collateral or other assets of any Loan Party that does not
also secure the Existing Revolving Tranches or be guaranteed by any Person other than the Guarantors. Notwithstanding anything to the
contrary in Section 10.1, any such Extension Amendment may, without the consent of any other Lenders, effect such amendments
to any Loan Documents as may be necessary or appropriate, in the reasonable judgment of the Borrower and the Administrative Agent, to
effect the provisions of this Section 2.26; provided, that the foregoing shall not constitute a consent on
behalf of any Lender to the terms of any Section 2.26 Additional Amendment.

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(d)       Notwithstanding
anything to the contrary contained in this Agreement, on any date on which any Existing Revolving Tranche is converted to extend the
related scheduled termination date(s) in accordance with Section 2.26(a) above (an “Extension
Date”), in the case of the Specified Existing Tranche of each Extending Lender, the aggregate principal amount of such
Specified Existing Tranche shall be deemed reduced by an amount equal to the aggregate principal amount of the Extended Revolving
Tranche so converted by such Lender on such date, and such Extended Revolving Tranches shall be established as a separate Tranche
from the Specified Existing Tranche and from any other Existing Revolving Tranches (and any other Extended Revolving Tranches so
established on such date).

(e)       If,
in connection with any proposed Extension Amendment, any Lender declines to consent to the applicable extension on the terms and by the
deadline set forth in the applicable Extension Request (each such other Lender, a “Non-Extending Lender”) then
the Borrower may, on notice to the Administrative Agent and the Non-Extending Lender, replace such Non-Extending Lender by causing such
Lender to (and such Lender shall be obligated to) assign pursuant to Section 10.6 (with the assignment fee and any other
costs and expenses to be paid by the Borrower or the assignee in such instance) all of its rights and obligations under this Agreement
to one or more assignees; provided, that neither the Administrative Agent nor any Lender shall have any obligation to the
Borrower to find a replacement Lender; provided, further, that the applicable assignee shall have agreed to
provide Extended Revolving Commitments on the terms set forth in such Extension Amendment; provided, further,
that all obligations of the Borrower owing to the Non-Extending Lender relating to the Existing Revolving Loans so assigned (including
pursuant to Section 2.21 (as though Section 2.21 were applicable)) shall be paid in full by the assignee Lender
to such Non-Extending Lender concurrently with such Assignment and Assumption. In connection with any such replacement under this Section
2.26, if the Non-Extending Lender does not execute and deliver to the Administrative Agent a duly completed Assignment and Assumption,
by the later of (A) the date on which the replacement Lender executes and delivers such Assignment and Assumption, and (B) the date as
of which all obligations of the Borrower owing to the Non-Extending Lender relating to the Existing Revolving Loans so assigned shall
be paid in full to such Non-Extending Lender, then such Non-Extending Lender shall be deemed to have executed and delivered such Assignment
and Assumption, as of such date and the Borrower shall be entitled (but not obligated) to execute and deliver such Assignment and Assumption,
on behalf of such Non-Extending Lender.

(f)       Following
any Extension Date, with the written consent of the Borrower, any Non-Extending Lender may elect to have all or a portion of its existing
Revolving Commitments deemed to be an Extended Revolving Commitment under the applicable Extended Revolving Tranche on any date (each
date a “Designation Date”) prior to the commitment termination date of such Extended Revolving Tranche; provided,
that such Lender shall have provided written notice to the Borrower and the Administrative Agent at least 10 Business Days prior to such
Designation Date (or such shorter period as the Administrative Agent may agree in its reasonable discretion); provided,
further, that no greater amount shall be paid by or on behalf of the Borrower or any of its Affiliates to any such Non-Extending
Lender as consideration for its extension into such Extended Revolving Tranche than was paid to any Extending Lender as consideration
for its Extension into such Extended Revolving Tranche. Following a Designation Date, the Existing Revolving Loans held by such Lender
so elected to be extended will be deemed to be Extended Revolving Commitments of the applicable Extended Revolving Tranche, and any existing
Revolving Commitments held by such Lender not elected to be extended, if any, shall continue to be Revolving Commitments of the applicable
Tranche.

(g)       With
respect to all Extensions consummated by the Borrower pursuant to this Section 2.26, (i) such Extensions shall not constitute
optional or mandatory payments or prepayments for purposes of Sections 2.11 and 2.12 and (ii) no Extension
Request is required to be in any minimum amount or any minimum increment, provided, that the Borrower may at its election
specify as a condition 

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(a “Minimum Extension
Condition”) to consummating any such Extension that a minimum amount (to be determined and specified in the relevant
Extension Request in the Borrower’s sole discretion and which may be waived by the Borrower) of Extended Revolving Tranches or
Existing Revolving Loans of any or all applicable Tranches be extended. The Administrative Agent and the Lenders hereby consent to
the transactions contemplated by this Section 2.26 (including, for the avoidance of doubt, payment of any interest,
fees or premium in respect of any Extended Revolving Commitments on such terms as may be set forth in the relevant Extension
Request) and hereby waive the requirements of any provision of this Agreement (including Sections 2.8, 2.11
and 2.12) or any other Loan Document that may otherwise prohibit any such Extension or any other transaction
contemplated by this Section 2.26.

2.27       Designation
of Additional Permitted Foreign Currencies.

(a)       The
Company may from time to time request that any one or more additional freely available currencies which are freely transferable and freely
convertible into Dollars be designated as “Permitted Foreign Currencies” hereunder by providing written notice to the
Administrative Agent specifying (i) the relevant Local Borrowing Subsidiary for such currency (which need not be an existing Local Borrowing
Subsidiary), (ii) the requested amount of the Currency Sublimit for such Permitted Foreign Currency and (iii) specifying the Local Fronting
Lender with respect thereto and the Maximum Sublimit to be inserted in Schedule 2.4(b) for such Local Fronting Lender; provided,
however, that in no event shall the sum of all Currency Sublimits (after giving effect to the requested designation of an
additional Permitted Foreign Currency and any concurrent re-allocation of the Currency Sublimits pursuant to Section 2.28)
exceed 20% of the aggregate Tranche A Revolving Commitments then in effect. The Administrative Agent shall promptly forward to each Tranche
A Revolving Lender a copy of any such notice. Within ten Business Days following the receipt of such notice, the applicable Tranche A
Revolving Lender or Local Fronting Lender shall notify the Administrative Agent in writing whether such designation is acceptable to such
Tranche A Revolving Lender or Local Fronting Lender (in its sole discretion) and the Administrative Agent promptly shall notify the Company
thereof. Notwithstanding anything to the contrary contained herein, after the Amendment No. 8 Effective Date, there shall be no Local
Borrowing Subsidiary and the Currency Sublimits shall be zero.

(b)       In
the event that such designation is acceptable to the applicable Tranche A Revolving Lender or Local Fronting Lender, the Company shall
cause the requested Local Borrowing Subsidiary to deliver, as applicable, to the Administrative Agent (i) if the applicable Local Borrowing
Subsidiary is not an existing party to this Agreement, a Local Borrowing Subsidiary Joinder Agreement, (ii) such other documents, instruments,
agreements and legal opinions as the Administrative Agent reasonably may request (including, in any event, an opinion of local counsel
in the relevant jurisdiction to the effect that no Lender, other than the relevant Local Fronting Lender, shall be deemed to be doing
business in the relevant jurisdiction, or otherwise shall be subject to regulation or taxation therein, solely as a result of the agreements
set forth herein, with such legal opinions to be in form and substance reasonably acceptable to the Administrative Agent) and (iii) if
the Local Fronting Lender for such Permitted Foreign Currency is not an existing Local Fronting Lender, a Local Fronting Lender Joinder
Agreement from such Local Fronting Lender.

(c)       From
and after the date upon which the Administrative Agent has received the documents (all of which shall be in form and substance reasonably
satisfactory to the Administrative Agent) described in Section 2.27(b), Schedule 2.4(b) hereto shall be deemed
to be amended to reflect (i) the designation of such currency as a Permitted Foreign Currency, (ii) the aggregate amount of the Currency
Sublimit and Maximum Sublimit with respect thereto, (iii) the name and applicable local lending office of the relevant Local Fronting
Lender with respect thereto and (iv) the name of the relevant Local Borrowing Subsidiary.

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(d)       With
respect to any Permitted Foreign Currency set forth on Schedule 2.4(b), the Company may designate an additional or different
Local Borrowing Subsidiary with respect thereto with the approval of the applicable Tranche A Revolving Lender and the relevant Local
Fronting Lender, which designation shall take effect from and after the date upon which the Administrative Agent has received the documents
described in Section 2.27(b)(i) and (ii) with respect to such designated Local Borrowing Subsidiary and from
and after such date Schedule 2.4(b) shall be deemed to be amended to reflect the name of the Local Borrowing Subsidiary
so designated.

(e)       The
Administrative Agent shall give prompt notice to the Revolving Lenders of the effectiveness of any such designation and shall deliver
to each Revolving Lender and the Company a revised version of Schedule 2.4(b) which reflects any such amendment.

2.28       Re-Allocation
of Currency Sublimits.

(a)       The
Company (on its own behalf and as agent of the Local Borrowing Subsidiaries) may from time to time (but, unless the Administrative Agent
shall otherwise agree, not more frequently than two times per calendar month) request that the amount of any one or more Currency Sublimits
be increased and/or the amount of any one or more Currency Sublimits be decreased by delivering a written request for such re-allocation
to the Administrative Agent. Each such request shall specify the amount (in Dollars) of the increase or decrease, as the case may be,
applicable to each affected Currency Sublimit. The Administrative Agent shall deliver to each affected Local Fronting Lender a copy of
such request promptly following receipt thereof. Notwithstanding anything to the contrary contained herein, after the Amendment No. 8
Effective Date, there shall be no Local Borrowing Subsidiary and the Currency Sublimits shall be zero.

(b)       Unless
the revised Currency Sublimit of any Local Fronting Lender will, after giving effect to the requested re-allocation of Currency Sublimits,
be in excess of the Maximum Sublimit then in effect for such Local Fronting Lender, then the Currency Sublimits shall be deemed to be
so re-allocated and Schedule 2.4(b) shall be deemed to be amended to reflect such reallocation; provided,
however, that (i) no Local Fronting Lender shall be required to lend more than its Currency Sublimit (as in effect prior
to the effectiveness of such re-allocation) until such Local Fronting Lender has received notice from the Administrative Agent of the
effectiveness of such re-allocation (which notice the Administrative Agent agrees to deliver promptly upon such effectiveness) and (ii)
after giving effect to such re-allocation, the aggregate Tranche A Revolving Extensions of Credit shall not exceed the Tranche A Availability
then in effect. Promptly following the effectiveness of such re-allocation, the Administrative Agent shall deliver to each Revolving Lender
and the Company a revised Schedule 2.4(b) which reflects such amendment.

(c)       In
the event that the revised Currency Sublimit of any Local Fronting Lender will (after giving effect to the requested re-allocation of
Currency Sublimits) be in excess of the Maximum Sublimit specified for such Local Fronting Lender on Schedule 2.4(b), then
such Local Fronting Lender and the Administrative Agent shall have ten Business Days to determine whether (in their sole discretion) to
approve such increase. In the event that such Local Fronting Lender and the Administrative Agent approve such increase (which approval
shall be delivered in writing to the Company and, in the case of the approval of such Local Fronting Lender, to the Administrative Agent)
then the Currency Sublimit and the Maximum Sublimit of such Local Fronting Lender shall be re-allocated to such higher amounts requested
for such Local Fronting Lender in the request delivered to the Administrative Agent pursuant to Section 2.28(a). In the
event that such Local Fronting Lender and the Administrative Agent do not approve such increase in accordance with the foregoing terms
of this Section 2.28(c), then the Currency Sublimit of such Local Fronting Lender shall be increased only to its existing
Maximum Sublimit on the date upon which either such Local Fronting Lender or the Administrative Agent notifies the Company that such increase
has not been approved (or, if no such notice is given, at the end of such ten day 

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approval period). Promptly following the effectiveness
of any such reallocation, the Administrative Agent shall deliver to each Revolving Lender and the Company a revised Schedule 2.4(b)
which reflects such amendment. The Company or the relevant Local Borrowing Subsidiary shall pay any stamp, recording or other similar
tax payable under the laws of the local jurisdiction which is required as a result of any such increase in the Maximum Sublimit of its
relevant Local Fronting Lender.

(d)       In
connection with any re-allocation made in accordance with this Section 2.28, the Company may designate that the
Currency Sublimit applicable to any Local Fronting Lender is to be reduced to zero and that the relevant Local Borrowing Subsidiary
is to cease to be a “Local Borrowing Subsidiary” hereunder. From and after any such designation and repayment of
all relevant Local Loans or Acceptances then outstanding, such Local Borrowing Subsidiary shall cease to be a Borrower hereunder,
such Local Fronting Lender shall cease to be the “Local Fronting Lender” for the relevant Permitted Foreign
Currency and (except to the extent that the provisions of Section 2.27 subsequently are complied with) no further
Local Loans or Acceptances shall be made to any Borrower by such Local Fronting Lender in such Permitted Foreign Currency.

(e)       Notwithstanding
anything to the contrary contained herein, no such reallocation shall be permitted if, after giving effect thereto, the aggregate Tranche
A Revolving Extensions of Credit shall exceed the Tranche A Availability then in effect or the aggregate Revolving Extensions of Credit
shall exceed the Tranche A Availability then in effect.

(f)       Promptly
following any change in the Currency Sublimit in effect for any Local Fronting Lender, the Administrative Agent shall deliver to such
Local Fronting Lender a statement indicating the new Currency Sublimit in effect for such Local Fronting Lender.

2.29       Resignation
or Removal of a Local Fronting Lender.

(a)       In
the event that a Local Fronting Lender shall so elect, such Local Fronting Lender shall resign as Local Fronting Lender by giving written
notice of its resignation to the Company, the relevant Local Borrowing Subsidiary and the Administrative Agent, with such resignation
becoming effective on the date which is the earlier of (i) the date upon which a Local Fronting Lender reasonably acceptable to the Administrative
Agent and the Company (on its own behalf and as agent for the relevant Local Borrowing Subsidiary) is designated as a substitute Local
Fronting Lender in accordance with the provisions of Section 2.29(c) and (ii) such other date upon which such Local Fronting
Lender, the Company and the relevant Local Borrowing Subsidiary otherwise agree; provided, however, that such
effective date shall in no event be later than the date which is 30 days following the date upon which such written notice is delivered
to the Company. Any Local Loans and Acceptances made by such Local Fronting Lender which are outstanding on such termination date shall
be due and payable on such termination date.

(b)       The
Company (on its own behalf and as agent for the relevant Local Borrowing Subsidiary) at any time may, using its commercially reasonable
judgment, request that any Local Fronting Lender cease to be designated as such by giving written notice of such request to the Administrative
Agent (which notice the Administrative Agent promptly shall deliver to such Local Fronting Lender and to each Revolving Lender). Immediately
upon receipt of such request, such Local Fronting Lender shall cease to make any additional Local Loans and cease to create any additional
Acceptances, and all Local Loans and Acceptances then maintained by such Local Fronting Lender shall be due and payable on the date requested
by the Company (which date shall be not earlier than (i) the earlier of (A) 30 days following delivery of such notice, in the case of
ABR Loans, Local Rate Loans and Acceptances and (B) the last day of the Interest Period then in effect with respect thereto, in the case
of Eurocurrency Loans, and (ii) such other date upon which such Local Fronting Lender, the Company and

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 the relevant Local Borrowing Subsidiary
otherwise agree). From and after the date upon which all such Local Loans and Acceptances are repaid (together with accrued interest and
other amounts owing to such Local Fronting Lender on account thereof), such Local Fronting Lender shall cease to be a “Local
Fronting Lender” with respect to such Permitted Foreign Currency.

(c)       In
the event that the Local Fronting Lender with respect to any Permitted Foreign Currency shall cease to serve as such pursuant to Section
2.29(a) or (b), the Company (on its own behalf and as agent of the relevant Local Borrowing Subsidiary) may
designate another Local Fronting Lender reasonably acceptable to the Administrative Agent to serve as “Local Fronting
Lender” with respect to such Permitted Foreign Currency; provided, however, that no Revolving
Lender or affiliate thereof shall be so designated without its agreement (in its sole discretion) to serve as the “Local
Fronting Lender” with respect to such Permitted Foreign Currency hereunder. Upon any such designation and, in the case
that the newly-designated Local Fronting Lender is not already a Local Fronting Lender hereunder, the receipt by the Administrative
Agent of a Local Fronting Lender Joinder Agreement, duly executed and delivered by such designated Local Fronting Lender, such
Revolving Lender or its affiliate, as the case may be, shall be deemed to be the “Local Fronting Lender” with
respect to such Permitted Foreign Currency for all purposes under this Agreement and the other Loan Documents.

(d)       During
any period when no substitute Local Fronting Lender has been duly appointed in accordance with the terms of this Section 2.29,
the right of the Borrowers to borrower in such Permitted Foreign Currency shall be suspended in the applicable jurisdiction.

2.30       Local
Fronting Lender Reports.

Each Local Fronting Lender shall deliver to the Administrative Agent on the first Business Day of each
calendar week and on the first Business Day of each calendar month (and at any time and from time to time when the Administrative Agent
may so request) a statement, substantially in the form of Exhibit O-1, showing (i) the aggregate principal amount of Local
Loans in the relevant Permitted Foreign Currency outstanding from such Local Fronting Lender as of the close of business on each Business
Day during the prior week (or portion thereof), (ii) the aggregate principal amount of Local Loans in Dollars outstanding from such Local
Fronting Lender as of the close of business on each Business Day during the prior week (or portion thereof), (iii) the aggregate undiscounted
face amount of Acceptances outstanding from such Local Fronting Lender as of the close of business on each Business Day during the prior
week (or portion thereof) and (iv) such other matters as are contained therein. The Administrative Agent hereby agrees to deliver a copy
of each such statement to the Company promptly following its receipt thereof and of any such statement to any Revolving Lender promptly
upon its request therefor.

2.31       Bankers’
Acceptances.

(a)       Notwithstanding
anything to the contrary contained herein, any Local Fronting Lender may agree (in its sole discretion from time to time) to create bankers’
acceptances under its Currency Sublimit by way of the acceptance and discount of Drafts (the “Acceptances”)
pursuant to this Section 2.31; provided, however, that no Local Fronting Lender shall have any
obligation to create and/or discount Acceptances, regardless of any prior practice of doing so for the account of such Local Borrowing
Subsidiary. Any Acceptances created pursuant to this Section 2.31 shall be denominated in the Permitted Foreign Currency
for the relevant Local Fronting Lender (and not in Dollars), and shall be for such tenor and in such amount as may be mutually agreed
upon by the relevant Local Fronting Lender and Local Borrowing Subsidiary; provided, however, that in no event
shall any Acceptance mature after the date which is 30 days prior to the Revolving Termination Date with respect to the Tranche A Revolving
Facility (or such later date as the applicable Local Fronting Lender may agree in its sole 

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discretion). Notwithstanding anything to the
contrary contained herein, after the Amendment No. 8 Effective Date, Acceptances shall be zero.

(b)       Unless
the relevant Local Borrowing Subsidiary and Local Fronting Lender otherwise agree, the relevant Local Borrowing Subsidiary shall
give to the relevant Local Fronting Lender not less than two Business Days’ prior written notice of its intent to borrow by
way of Acceptances from any Local Fronting Lender which has agreed to accept and discount Drafts for the account of such Local
Borrowing Subsidiary, which notice shall be accompanied by (i) a Draft which has been completed, executed and delivered by a duly
authorized officer of such Local Borrowing Subsidiary and (ii) such other documents, instruments and certificates as such Local
Fronting Lender reasonably may request; provided, however, that, after giving effect to the creation of
such Acceptance, the Local Outstandings owing to such Local Fronting Lender shall not exceed the amount equal to its Currency
Sublimit then in effect. On the requested borrowing date, the relevant Local Fronting Lender will accept such Draft and discount
such accepted Draft in accordance with the provisions of Section 2.31(c).

(c)       Any
Local Fronting Lender may, in its sole discretion, elect to discount Drafts of the relevant Local Borrowing Subsidiary on the date upon
which such Local Fronting Lender accepts such Drafts by discounting such Draft at the rate per annum equal to the Local Rate (which may
be a different rate than the Local Rate then payable on account of Local Loans in such Permitted Foreign Currency) then in effect plus
the Applicable Margin then in effect for Local Rate Loans; provided, however, that, unless the relevant Local
Fronting Lender and Local Borrowing Subsidiary otherwise agree, such discount shall be calculated by, first, discounting
the aggregate face amount of such Draft at the rate per annum equal to the Local Rate then in effect and, second, discounting
the result thereof at the rate per annum equal to the Applicable Margin then in effect for Local Rate Loans. Promptly following such discounting
(and, in any event, on the date thereof), such Local Fronting Lender shall make available to such Local Borrowing Subsidiary the amount
equal to the discounted face amount of such Draft in the manner in which such Local Fronting Lender makes available Local Loans pursuant
to Section 2.5(b).

(d)       Each
Local Borrowing Subsidiary hereby unconditionally agrees to pay to the relevant Local Fronting Lender the aggregate, undiscounted face
amount of each Draft accepted by such Local Fronting Lender hereunder on the maturity date thereof (or on such earlier date upon which
the obligations of such Local Borrowing Subsidiary under this Agreement shall become or shall have been declared due and payable pursuant
to the terms and conditions of this Agreement). Interest shall accrue on any amount owing pursuant to this Section 2.31(d)
which is not paid when due (whether by scheduled maturity, mandatory prepayment, acceleration or otherwise) from the date such amount
becomes due until paid in full at a fluctuating rate per annum equal to the rate which would then be payable on any overdue Local Rate
Loans and shall be payable by such Local Borrowing Subsidiary upon demand by such Local Fronting Lender.

(e)       Each
Tranche A Revolving Lender hereby unconditionally and irrevocably agrees to purchase undivided participating interests in the Acceptances
created by each Local Fronting Lender in accordance with the provisions of Section 2.32.

(f)       Notwithstanding
anything to the contrary contained herein, the indefeasible prepayment by the relevant Local Borrowing Subsidiary to the relevant Local
Fronting Lender of all or a portion of any outstanding Acceptance shall be deemed to constitute a prepayment of such portion of such Acceptance
for all purposes hereunder, regardless of whether the relevant Local Fronting Lender has distributed such amount to the holder of the
underlying Draft.

2.32       Currency
Conversion and Contingent Funding Agreement.

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(a)       Each
Tranche A Revolving Lender hereby unconditionally and irrevocably agrees to purchase (in Dollars) an undivided participating interest
in its ratable share of such Local Loans and Acceptances made by such Local Fronting Lenders as the Administrative Agent may at any time
request; provided, however, that:

(i)       the
Administrative Agent hereby agrees that, it will not request any such purchase of participating interests unless a Liquidity Event Period
has commenced and is continuing or a Default or an Event of Default has occurred and is continuing;

(ii)       the
Administrative Agent hereby agrees that it promptly will request that the Tranche A Revolving Lenders purchase such participating interest
in all Local Loans and Acceptances made by any Local Fronting Lender which provides to the Administrative Agent a written certification
that an Event of Default described in Section 8.1(a) is continuing with respect to the Local Loans or Acceptances made by
such Local Fronting Lender and requesting that such request be made by the Administrative Agent; and

(iii)       in
the event that any of the events specified in clauses (i), (ii) or (iii) of Section
8.1(f) shall have occurred with respect to any Local Borrower, each Tranche A Revolving Lender shall be deemed to have purchased,
automatically and without request, such participating interest in the Local Loans and Acceptances made to such Local Borrower.

Any such request by the Administrative Agent
shall be made in writing to each Tranche A Revolving Lender and shall specify the amount of Dollars (based upon the actual exchange rate
at which the Administrative Agent anticipates being able to obtain the relevant Permitted Foreign Currency, with any excess payment being
refunded to the Tranche A Revolving Lenders and any deficiency remaining payable by the Tranche A Revolving Lenders) required from such
Tranche A Revolving Lender in order to effect the purchase by such Tranche A Revolving Lender of a participating interest in the amount
equal to its Tranche A Revolving Percentage multiplied by the aggregate then outstanding principal amount (in the Permitted Foreign Currency)
of the relevant Local Loans and Acceptances (together with accrued interest thereon and other amounts owing in connection therewith) in
such Permitted Foreign Currency. Promptly upon receipt of such request, each Tranche A Revolving Lender shall deliver to the Administrative
Agent (in immediately available funds) the amount so specified by the Administrative Agent. The Administrative Agent shall convert such
amounts into the relevant Permitted Foreign Currency and shall promptly deliver the proceeds of such conversion to the relevant Local
Fronting Lender in immediately available funds. From and after such purchase, (i) the outstanding Local Loans and Acceptances in which
the Tranche A Revolving Lenders have purchased such participations shall be deemed to have been converted into Tranche A Revolving Loans
that are ABR Loans denominated in Dollars (with such conversion constituting, for purposes of Section 2.21, a prepayment
of such Local Loans and Acceptances before the last day of the Interest Period with respect thereto), (ii) any further Local Loans to
be made to such Borrower shall be made in Dollars, with each Tranche A Revolving Lender purchasing a participating interest therein in
the manner described in the foregoing provisions of this Section 2.32(a) immediately upon the making thereof in the amount
equal to such Tranche A Revolving Lender’s Tranche A Revolving Percentage thereof (with the Administrative Agent hereby agreeing
to provide prompt notice to each such Tranche A Revolving Lender of its receipt from the relevant Local Fronting Lender of a notice of
borrowing and of making the relevant Local Loan), (iii) no further Acceptances shall be created for the account of such Local Borrowing
Subsidiary, (iv) all amounts from time to time accruing, and all amounts from time to time payable, on account of such Local Loans and
Acceptances (including, without limitation, any interest and other amounts which were accrued but unpaid on the date of such purchase)
shall be payable in Dollars as if such Local Loan or Acceptance, as the case may be, had originally been made in Dollars and shall (other
than with respect to the portion of the Applicable Margin which, pursuant to Section 2.15, is expressly stated to be paid
for 

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the account of the Local Fronting Lender) be distributed by the relevant Local Fronting Lender to the Administrative Agent, for the
accounts of the Tranche A Revolving Lenders, on account of such participating interests. Notwithstanding anything to the contrary contained
in this Section 2.32, the failure of any Tranche A Revolving Lender to purchase its participating interest in any Local
Loan or Acceptance shall not relieve any other Tranche A Revolving Lender of its obligation hereunder to purchase its participating interest
in a timely manner, but no Tranche A Revolving Lender shall be responsible for the failure of any other Tranche A Revolving Lender to
purchase the participating interest to be purchased by such other Tranche A Revolving Lender on any date.

(b)       If
any amount required to be paid by any Tranche A Revolving Lender pursuant to Section 2.32(a) is paid to the Administrative
Agent within three Business Days following the date upon which such Tranche A Revolving Lender receives notice from the Administrative
Agent that the Local Loan or Acceptance in which such Tranche A Revolving Lender has purchased a participating interest has been made
or created (as the case may be), such Tranche A Revolving Lender shall pay to the Administrative Agent on demand an amount equal to the
product of such amount, times the daily average Federal Funds Effective Rate during the period from and including the date such payment
is required to the date on which such payment is immediately available to the Administrative Agent, times a fraction the numerator of
which is the number of days that elapse during such period and the denominator of which is 360. If any such amount required to be paid
by any Tranche A Revolving Lender pursuant to Section 2.32(a) is not in fact made available to the Administrative Agent
within three Business Days following the date upon which such Tranche A Revolving Lender receives notice from the Administrative Agent
that the Local Loan or Acceptance in which such Tranche A Revolving Lender has purchased a participating interest has been made or created
(as the case may be), the Administrative Agent shall be entitled to recover from such Tranche A Revolving Lender, on demand, such amount
with interest thereon calculated from such due date at the rate per annum applicable to Tranche A Revolving Loans that are ABR Loans hereunder.
A certificate of the Administrative Agent submitted to any Tranche A Revolving Lender with respect to any amounts owing under this Section
2.32(b) shall be conclusive in the absence of manifest error. Amounts payable by any Tranche A Revolving Lender pursuant to this
Section 2.32(b) shall be paid to the Administrative Agent, for the account of the relevant Local Fronting Lender; provided,
however, that, if the Administrative Agent (in its sole discretion) has elected to fund on behalf of such Tranche A Revolving
Lender the amounts owing to such Local Fronting Lender, then the amounts shall be paid to the Administrative Agent, for its own account.

(c)       Whenever,
at any time after the relevant Local Fronting Lender has received from any Tranche A Revolving Lender such Tranche A Revolving Lender’s
participating interest in a Local Loan or Acceptance pursuant to clause(a) above, the Local Fronting Lender receives any
payment on account thereof, such Local Fronting Lender will distribute to the Administrative Agent, for the account of such Tranche A
Revolving Lender, such Tranche A Revolving Lender’s participating interest in such amount (appropriately adjusted, in the case of
interest payments, to reflect the period of time during which such Tranche A Revolving Lender’s participating interest was outstanding)
in like funds as received; provided, however, that in the event that such payment received by such Local Fronting
Lender is required to be returned, such Tranche A Revolving Lender will return to such Local Fronting Lender any portion thereof previously
distributed by such Local Fronting Lender to such Tranche A Revolving Lender in like funds as such payment is required to be returned
by such Local Fronting Lender.

Each Tranche A Revolving Lender’s obligation
to purchase participating interests pursuant to clause (a) above shall be absolute and unconditional and shall not be affected
by any circumstance, including, without limitation, (a) any set-off, counterclaim, recoupment, defense or other right which such Tranche
A Revolving Lender may have against the relevant Local Fronting Lender, the relevant Local Borrower or any other Person for any reason
whatsoever; (b) the occurrence or continuance of a Default or an Event of Default; (c) any adverse change in the condition (financial
or otherwise) of the relevant Local 

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Borrower or any other Person; (d) any breach of this Agreement by the relevant Local Borrower, any
other Local Borrower or any other Lender; or (e) any other circumstance, happening or event whatsoever, whether or not similar to any
of the foregoing; provided, however, that no Tranche A Revolving Lender shall be obligated to purchase participating
interests in any Local Loans made by a Local Fronting Lender to the extent that such Local Loans (at the time when made) caused the amount
of Local Loans outstanding from such Local Fronting Lender to be in excess of the Currency Sublimit then in effect with respect to such
Local Fronting Lender.

2.33       Protective
Advances.

(a)       Subject
to the limitations set forth in the definition of Protective Advances, the Administrative Agent may make Protective Advances. The Protective
Advances shall constitute Obligations for all purposes hereof and the other Loan Documents. All Protective Advances shall be ABR Loans
subject to the Applicable Margin applicable to the Tranche A Revolving Loans. At any time that Tranche
A Availability exceeds Revolving Extensions of Credit then outstanding, the Administrative Agent may request the Tranche
A Revolving Lenders to make a Tranche A Revolving Loan, in Dollars, to repay such Protective Advance. At any other time the Administrative
Agent may require the Tranche A Revolving Lenders to fund, in Dollars, their risk participations described in Section 2.33(b).
The Administrative Agent shall endeavor to notify the Borrower promptly after the making of any Protective Advance.

(b)       Upon
the making of a Protective Advance by the Administrative Agent in accordance with the terms hereof, each Tranche A Revolving Lender shall
be deemed, without further action by any party hereto, to have unconditionally and irrevocably purchased from the Administrative Agent,
without recourse or warranty, an undivided interest and participation in the applicable Protective Advance, in proportion to its Protective
Advances Percentage of such Protective Advance. From and after the date, if any, on which any Tranche A Revolving Lender is required to
fund its participation in any Protective Advance purchased hereunder, the Administrative Agent shall promptly distribute to such Tranche
A Revolving Lender such Tranche A Revolving Lender’s Protective Advances Percentage of all payments of principal and interest and
all proceeds of Collateral received by the Administrative Agent in respect of such Protective Advance.

2.34       MIRE
Events.

Each of the parties hereto
acknowledges and agrees that each MIRE Event after the Amendment No. 1 Effective Date shall be subject to (and conditioned upon): (1)
the delivery to the Collateral Agent of all flood hazard determination certifications, acknowledgements and evidence of flood insurance
and other flood-related documentation with respect to Mortgaged Properties or any Real Property that will become Mortgaged Property at
such time as required by Flood Insurance Laws and as otherwise reasonably required by the Collateral Agent and (2) the Collateral Agent
shall have confirmed that all reasonable flood insurance due diligence with respect to the information delivered pursuant to clause
(1) has been completed to the reasonable satisfaction of the Collateral Agent and the Lenders (such confirmation not to be unreasonably
withheld, conditioned or delayed); provided, that the condition in this clause (2) shall be deemed satisfied
unless the Collateral Agent provides the Borrower with written notice to the contrary within 20 Business Days (or such shorter period
agreed to by the Collateral Agent in its reasonable discretion) after the Borrower or the applicable Loan Party has complied with clause
(1) above.

Promptly upon a Responsible
Officer of the Borrower obtaining knowledge thereof, the Borrower shall give notice to the Administrative Agent of any special flood hazard
area status and flood disaster assistance executed by Holdings, the Borrower and any applicable Loan Party.

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Section III.

LETTERS OF CREDIT

3.1       L/C
Commitment.

(a)       Subject
to the terms and conditions hereof and after the appointment thereof, each Issuing Lender, in reliance on the agreements of the
other Tranche A Revolving Lenders set forth in Section 3.4(a), may (in such Issuing Lender’s sole discretion),
in the case of each Issuing Lender on the Closing Date in its capacity as the issuer of Existing Letters of Credit, continue under
this Agreement for the account of the Borrower or a Restricted Subsidiary, as applicable, such Existing Letters of Credit until the
expiration or earlier termination thereof, and, in the case of each other Issuing Lender may (in such Issue Lender’s sole
discretion) issue Letters of Credit under the Revolving Commitments for the account of the Borrower or any of its Restricted
Subsidiaries on any Business Day during the Revolving Commitment Period with respect to the Tranche A Revolving Facility in such
form as may be approved from time to time by such Issuing Lender; provided, that no Issuing Lender shall have any
obligation to issue any Letter of Credit if, after giving effect to such issuance, such Letter of Credit is not Cash Collateralized
in an amount equal to 103% (or if not denominated in Dollars, 110%) of the face amount of such Letter of Credit (it being understood
that, upon notice to the Administrative Agent, an Issuing Lender may apply any Cash Collateral posted in respect of a Letter of
Credit against any drawing thereof and such Cash Collateral shall be available only to such Issuing Lender so long as such Letter of
Credit remains outstanding and, upon the drawing a Letter of Credit and satisfaction thereof from such Cash Collateral (and any
related amounts), any remaining Cash Collateral shall be available to each other Secured Party). Each Letter of Credit shall (i) be
denominated in Dollars or any Permitted Foreign Currency and (ii) expire no later than the earlier of (x) the first anniversary of
its date of issuance and (y) the date that is three Business Days prior to the Revolving Termination Date with respect to the
Tranche A Revolving Facility (unless Cash Collateralized or the applicable Issuing Lender so agrees); 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). Notwithstanding anything to the contrary contained
herein, as of the Amendment No. 8 Effective Date, there are no outstanding Letters of Credit.

(b)       No
Issuing Lender shall at any time be obligated to issue any Letter of Credit if such issuance would (i) conflict with, or cause such Issuing
Lender to exceed any limits imposed by, any applicable Requirement of Law, or if such Requirement of Law would impose upon such Issuing
Lender any unreimbursed loss, cost or expense which was not applicable on the Closing Date and is not otherwise reimbursable to it by
the Borrower hereunder and which such Issuing Lender in good faith deems material to it or (ii) violate one or more policies of such
Issuing Lender applicable generally to the issuance of letters of credit for the account of similarly situated borrowers.

3.2       Procedure
for Issuance of Letter of Credit.

The Borrower may from time to time request that the relevant Issuing Lender issue a Letter
of Credit (or amend, renew or extend an outstanding Letter of Credit) by delivering to such Issuing Lender at its address for notices
specified to the Borrower by such Issuing Lender an Application therefor, with a copy to the Administrative Agent, completed to the reasonable
satisfaction of such Issuing Lender, and such other certificates, documents and other papers and information as such Issuing Lender may
reasonably request. Such Application may be sent by facsimile, by United States mail, by overnight courier, by electronic transmission
using the system provided by the relevant Issuing Lender, by personal delivery or by any other means acceptable to the relevant Issuing
Lender. Upon receipt of any Application, the relevant 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

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 shall promptly issue
(or amend, renew or extend, as the case may be) the Letter of Credit requested thereby (but in no event without the consent of the applicable
Issuing Lender shall any Issuing Lender be required to issue (or amend, renew or extend, as the case may be) any Letter of Credit earlier
than three 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 (or such amendment, renewal or extension, as the case
may be) to the beneficiary thereof or as otherwise may be agreed to by such Issuing Lender and the Borrower. Such Issuing Lender shall
furnish a copy of such Letter of Credit to the Borrower promptly following the issuance (or such amendment, renewal or extension, as
the case may be) thereof. Each Issuing Lender shall promptly furnish to the Administrative Agent, which shall in turn promptly furnish
to the relevant Tranche A Revolving Lenders, notice of the issuance (or such amendment, renewal or extension, as the case may be) of
each Letter of Credit issued by it (including the amount thereof).

3.3       Fees
and Other Charges.

(a)       The
Borrower will pay a fee, in Dollars, on each outstanding Letter of Credit requested by it, at a per annum rate equal to the Applicable
Margin then in effect with respect to Eurocurrency Loans under the applicable Facilities, on the Dollar Equivalent of the face amount
of such Letter of Credit, which fee shall be shared ratably among the applicable Tranche A Revolving Lenders and payable quarterly in
arrears on each Fee Payment Date after the issuance date; provided, that, with respect to any Defaulting Lender, such Lender’s
ratable share of any letter of credit fee accrued on the aggregate amount available to be drawn on any outstanding Letters of Credit during
the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Borrower so long
as such Lender shall be a Defaulting Lender except to the extent that such Lender’s ratable share of any letter of credit fee shall
otherwise have been due and payable by the Borrower prior to such time; provided, further, that any Defaulting
Lender’s ratable share of any letter of credit fee accrued on the aggregate amount available to be drawn on any outstanding Letters
of Credit shall accrue (x) for the account of each Non-Defaulting Lender with respect to such Defaulting Lender’s participation
in Letters of Credit which has been reallocated to such Non-Defaulting Lender pursuant to Section 3.4(d), (y) for the account
of the Borrower with respect to any L/C Shortfall if the Borrower has paid to the Administrative Agent an amount of cash and/or Cash Equivalents
equal to the amount of the L/C Shortfall to be held as security for all obligations of the Borrower to the applicable Issuing Lenders
hereunder in a Cash Collateral Account, or (z) for the account of the applicable Issuing Lenders, in any other instance, in each case
so long as such Lender shall be a Defaulting Lender. In addition, the Borrower shall pay to each Issuing Lender for its own account a
fronting fee, in Dollars, on the Dollar Equivalent of the aggregate face amount of all outstanding Letters of Credit issued by it to the
Borrower, equal to the L/C Fronting Fee Rate, payable quarterly in arrears on each Fee Payment Date after the issuance date (the “L/C
Fronting Fee”).

(b)       In
addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for standard costs and expenses agreed by the
Borrower and such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit
requested by the Borrower.

3.4       L/C
Participations.

(a)       Each
Issuing Lender irrevocably agrees to grant and hereby grants to each L/C Participant, and, to induce such Issuing Lender to issue Letters
of Credit, each L/C Participant irrevocably agrees to accept and purchase and hereby accepts and purchases from such Issuing Lender, on
the terms and conditions set forth below, for such L/C Participant’s own account and risk an undivided interest equal to such L/C
Participant’s Tranche A Revolving Percentage in such Issuing

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Lender’s obligations and rights
under and in respect of each Letter of Credit issued by it (including each Existing Letter of Credit) and the amount of each draft
paid by such Issuing Lender thereunder. Each L/C Participant agrees with each Issuing Lender that, if a draft is paid under any
Letter of Credit issued by it for which such Issuing Lender is not reimbursed in full by the Borrower in accordance with the terms
of this Agreement, such L/C Participant shall pay, in Dollars, to the Administrative Agent for the account of such Issuing Lender
upon demand an amount equal to such L/C Participant’s Tranche A Revolving Percentage of the Dollar Equivalent of the amount of
such draft, or any part thereof, that is not so reimbursed (“L/C Disbursements”); provided,
that nothing in this paragraph shall relieve the Issuing Lender of any liability resulting from the gross negligence or willful
misconduct of the Issuing Lender (as determined by a final non-appealable judgment of a court of competent jurisdiction). Each L/C
Participant’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 Participant may have against any Issuing
Lender, the Borrower or any other Person for any reason whatsoever, (ii) the occurrence or continuance of a Default or an Event of
Default or the failure to satisfy any of the other conditions specified in Section 5, (iii) anya dverse change in the
financial condition 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 Participant or (v) any other circumstance, happening or event whatsoever, whether or not similar to any of
the foregoing.

(b)       If
any amount required to be paid by any L/C Participant to the Administrative Agent for the account of any Issuing Lender pursuant to Section
3.4(a) in respect of any unreimbursed portion of any payment made by such Issuing Lender under any Letter of Credit is paid to
the Administrative Agent for the account of such Issuing Lender within three Business Days after the date such payment is due, such L/C
Participant shall pay to the Administrative Agent for the account of such Issuing Lender on demand an amount equal to the product of (i)
such amount, times (ii) the daily average Federal Funds Effective Rate during the period from and including the date such
payment is required to the date on which such payment is immediately available to such Issuing Lender, times (iii) a fraction
the numerator of which is the number of days that elapse during such period and the denominator of which is 360. If any such amount required
to be paid by any L/C Participant pursuant to Section 3.4(a) is not made available to the Administrative Agent for the account
of the relevant Issuing Lender by such L/C Participant within three Business Days after the date such payment is due, such Issuing Lender
shall be entitled to recover from such L/C Participant, on demand, such amount with interest thereon calculated from such due date at
the rate per annum applicable to ABR Loans under the applicable Facilities. A certificate of the relevant Issuing Lender submitted to
any relevant L/C Participant with respect to any amounts owing under this Section 3.4 shall be presumptively correct in
the absence of demonstrable error.

(c)       Whenever,
at any time after any Issuing Lender has made payment under any Letter of Credit and has received from any L/C Participant its pro
rata share of such payment in accordance with Section 3.4(a), if the Administrative Agent receives for the account
of the Issuing Lender any payment related to such Letter of Credit (whether directly from the Borrower or otherwise, including proceeds
of collateral applied thereto by the Administrative Agent), or any payment of interest on account thereof, the Administrative Agent will
distribute to such L/C Participant its pro rata share thereof; provided, however, that in the
event that any such payment shall be required to be returned by such Issuing Lender, such L/C Participant shall return to the Administrative
Agent for the account of such Issuing Lender the portion thereof previously distributed by such Issuing Lender to it.

(d)       Notwithstanding
anything to the contrary contained in this Agreement, in the event an L/C Participant becomes a Defaulting Lender, then such Defaulting
Lender’s applicable Tranche A Revolving Percentage in all outstanding Letters of Credit will automatically be reallocated among
the applicable L/C Participants that are Non-Defaulting Lenders pro rata in accordance with each

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Non-Defaulting Lender’s applicable Tranche
A Revolving Percentage (calculated without regard to the Tranche A Revolving Commitments of the Defaulting Lender), but only to the extent
that such reallocation does not cause the Tranche A Revolving Extensions of Credit of any Non-Defaulting Lender to exceed the Tranche
A Revolving Commitments of such Non-Defaulting Lender. If such reallocation cannot, or can only partially, be effected the Borrower shall,
within five Business Days after written notice from the Administrative Agent, pay to the Administrative Agent an amount of cash and/or
Cash Equivalents equal to such Defaulting Lender’s applicable Tranche A Revolving Percentage (calculated as in effect immediately
prior to it becoming a Defaulting Lender) of the L/C Obligations (after giving effect to any partial reallocation pursuant to the first
sentence of this Section 3.4(d)) to be held as security for all obligations of the Borrower to the Issuing Lenders hereunder
in a Cash Collateral Account. So long as there is a Defaulting Lender, an Issuing Lender shall not be required to issue any Letter of
Credit where the sum of the Non-Defaulting Lenders’ applicable Tranche A Revolving Percentages of the outstanding Tranche A Revolving
Loans and their participations in Letters of Credit, after giving effect to any such requested Letter of Credit would exceed (each such
excess, the “L/C Shortfall”) the aggregate applicable Tranche A Revolving Commitments of the Non-Defaulting
Lenders, unless the Borrower shall pay to the Administrative Agent an amount of cash and/or Cash Equivalents equal to the amount of the
L/C Shortfall, such cash and/or CashE quivalents to be held as security for all obligations of the Borrower to the Issuing Lenders hereunder
in a Cash Collateral Account.

3.5       Reimbursement
Obligation of the Borrower.

The Borrower agrees to reimburse each Issuing Lender on the Business Day following the date on which
such Issuing Lender notifies the Borrower of the date and amount of a draft presented under any Letter of Credit issued or continued
by such Issuing Lender at the Borrower’s request (including any Letters of Credit issued for the account of a Restricted Subsidiary
and the Existing Letters of Credit) and paid by such Issuing Lender for the amount of such draft so paid. Each such payment shall be
made to such Issuing Lender at its address for notices specified to the Borrower in Dollars and in immediately available funds. Interest
shall be payable on any such amounts from the date on which the relevant draft is paid until payment in full at a rate equal to (i) until
the second Business Day next succeeding the date of the relevant notice (which notice shall be provided on the date the relevant draft
is paid), the rate applicable to ABR Loans that are Tranche A Revolving Loans and (ii) thereafter, the rate set forth in Section
2.15(c). In the case of any such reimbursement in Dollars with respect to a Letter of Credit denominated in a Permitted Foreign
Currency, the applicable Issuing Lender shall notify the Borrower of the Dollar Equivalent of the amount of the draft so paid promptly
following the determination thereof.

3.6       Obligations
Absolute.

The Borrower’s obligations under this Section 3 shall be absolute, unconditional and irrevocable
under any and all circumstances and irrespective of any setoff, counterclaim or defense to payment that the Borrower may have or have
had against any Issuing Lender, any beneficiary of a Letter of Credit or any other Person. The Borrower also agrees with each Issuing
Lender that such Issuing Lender shall not be responsible for, and the Borrower’s Reimbursement Obligations under Section
3.5 shall not be affected by, among other things,

	 	(i)	the
validity or genuineness of documents or of any endorsements thereon, even though such documents shall in fact later prove to be invalid,
fraudulent or forged;
	 	 	 
	 	(ii)	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;

 

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	 	(iii)	any
claims whatsoever of the Borrower against any beneficiary of such Letter of Credit or any such transferee;
	 	 	 
		(iv)	any other events or circumstances that, pursuant to applicable law or the applicable customs and practices
promulgated by the ICC, are not within the responsibility of such Issuing Lender;
	 	 	 
	 	(v)	waiver
by such Issuing Lender of any requirement that exists for such Issuing Lender’s protection and not the protection of the Borrower
or any waiver by such Issuing Lender which does not in fact materially prejudice the Borrower;
	 	 	 
	 	(vi)	honor
of a demand for payment presented electronically even if such Letter of Credit requires that demand be in the form of a draft;
	 	 	 
	 	(vii)	any
payment made by such Issuing Lender in respect of an otherwise complying item presented after the date specified as the expiration date
of, or the date by which documents must be received under, such Letter of
Credit if presentation after such date is authorized by the Uniform Commercial Code, the ISP or the UCP, as applicable;
	 	 	 
	 	(viii)	any
payment by such Issuing Lender under such Letter of Credit against presentation of a draft or certificate that does not strictly comply
with the terms of such Letter of Credit; or any payment made by such Issuing Lender under such Letter of Credit to any Person purporting
to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or other representative
of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding
under any Debtor Relief Law;
	 	 	 
	 	(ix)	any
adverse change in the relevant exchange rates or in the availability of the relevant Permitted Foreign Currency to the Borrower or any
Subsidiary or in the relevant currency markets generally; or
	 	 	 
	 	(x)	any other
circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any other circumstance that might otherwise
constitute a defense available to, or a discharge of, the Borrower or any Subsidiary, except, in each case, for errors, omissions, interruptions
or delays resulting from the gross negligence or willful misconduct of such Issuing Lender or its employees or agents.

 

No Issuing Lender shall 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, omissions, interruptions or delays resulting from the gross negligence or willful misconduct
of such Issuing Lender or its employees or agents (such gross negligence or willful misconduct, as determined by a final and non-appealable
judgment of a court of competent jurisdiction). The Borrower agrees that any action taken or omitted by any 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
(such gross negligence or willful misconduct, as determined by a final and non-appealable judgment of a court of competent jurisdiction)
and in accordance with the standards of care specified in the Uniform Commercial Code of the State of New York, shall be binding on the
Borrower and shall not result in any liability of such Issuing Lender to the Borrower.

3.7       Role
of the Issuing Lender. 

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Each Lender and the Borrower agree that, in
paying any drawing under a Letter of Credit, the Issuing Lenders shall not have any responsibility to obtain any document (other than
any sight draft, certificates and documents expressly required by a Letter of Credit) or to ascertain or inquire as to the validity,
authenticity or accuracy of any such document (provided, that the Issuing Lenders will determine whether such documents
appear on their face to be in order) or the authority of the Person executing or delivering any such document. None of the Issuing Lenders,
the Administrative Agent, any of their respective Related Parties nor any correspondent, participant or assignee of the Issuing Lenders
shall be liable to any Lender for:

	 	(i)	any action
taken or omitted in connection herewith at the request or with the approval of the Lenders or the Majority Facility Lenders or the Borrower,
as applicable;
	 	 	 
	 	(ii)	any
action taken or omitted in the absence of gross negligence or willful misconduct (such gross negligence or willful misconduct, as determined
by a final and non-appealable judgment of a court of competent jurisdiction);
	 	 	 
	 	(iii)	the
due execution, effectiveness, validity or enforceability of any document or instrument related to any Letter of Credit or related Application,
or any other document, agreement and instrument entered into by such Issuing Lender and the Borrower (or any Restricted Subsidiary) or
in favor of such Issuing Lender and relating to such Letter of Credit; or
	 	 	 
	 	(iv)	any special, indirect, punitive or consequential damages.

 

The Borrower hereby assumes all risks of the
acts or omissions of any beneficiary or transferee with respect to its use of any Letter of Credit; provided, however,
that this assumption is not intended to, and shall not, preclude the Borrower’s pursuing such rights and remedies as it may have
against the beneficiary or transferee at law or under any other agreement. None of the Issuing Lenders, the Administrative Agent, any
of their respective Related Parties nor any correspondent, participant or assignee of the Issuing Lenders shall be liable or responsible
for any of the matters described in clauses (i) through (x) of Section 3.6; provided,
however, that anything in such clauses to the contrary notwithstanding, the Borrower may have a claim against the relevant
Issuing Lender, and such Issuing Lender may be liable to the Borrower, to the extent, but only to the extent, of any direct, as opposed
to consequential or exemplary, damages suffered by the Borrower which the Borrower proves were caused by such Issuing Lender’s willful
misconduct or gross negligence or such Issuing Lender’s willful failure to pay under any Letter of Credit (such gross negligence,
willful misconduct or willful failure to pay, as determined by a final and non-appealable judgment of a court of competent jurisdiction)
after the presentation to it by the beneficiary of a sight draft and certificate(s) and documents expressly required by and strictly complying
with the terms and conditions of a Letter of Credit. In furtherance and not in limitation of the foregoing, the Issuing Lenders may accept
documents that appear on their face to be in order, without responsibility for further investigation, and provided that
a Letter of Credit is issued permitting transfer then the Issuing Lenders shall not be responsible for the validity or sufficiency of
any instrument transferring or assigning or purporting to transfer or assign a Letter of Credit or the rights or benefits thereunder or
proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason. The Issuing Lenders may send a Letter
of Credit or conduct any communication to or from the beneficiary via the Society for Worldwide Interbank Financial Telecommunication
(“SWIFT”) message or overnight courier, or any other commercially reasonable means of communicating with a beneficiary,
as agreed to with the Borrower.

3.8       Letter
of Credit Payments.

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If any draft shall be presented for payment
under any Letter of Credit, the relevant Issuing Lender shall promptly notify the Borrower of the date and amount thereof. The responsibility
of such Issuing Lender to the Borrower in connection with any draft presented for payment under any Letter of Credit issued by such Issuing
Lender 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.

3.9       Applications.

To the extent that any provision of any Application related to any Letter of Credit is inconsistent with the provisions of this Agreement
or any other Loan Document, the provisions of this Agreement or such other Loan Document shall apply.

3.10       Applicability
of ISP and UCP.

Unless otherwise expressly agreed by the applicable Issuing Lender and the Borrower when a Letter of Credit is
issued (including any such agreement applicable to an Existing Letter of Credit), (a) the rules of the ISP shall apply to each standby
Letter of Credit, and (b) the rules of the UCP shall apply to each commercial Letter of Credit. Notwithstanding the foregoing, the Issuing
Lender shall not be responsible to the Borrower for, and the Issuing Lender’s rights and remedies against the Borrower shall not
be impaired by, any action or inaction of the Issuing Lender required or permitted under any law, order, or practice that is required
or permitted to be applied to any Letter of Credit or this Agreement, including the applicable law or any order of a jurisdiction where
the Issuing Lender or the beneficiary is located, the practice stated in the ISP or UCP, as applicable, or in the decisions, opinions,
practice statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade - International
Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, whether or not any Letter of
Credit chooses such law or practice.

3.11       Designation
of Issuing Lender.

The Borrower may, at any
time and from time to time, with the prior written consent of the Administrative Agent, designate as Issuing Lender one or more Tranche
A Revolving Lenders that agree to serve in such capacity as provided herein. The acceptance by a Tranche A Revolving Lender of an appointment
as an Issuing Lender hereunder shall be evidenced by an agreement, which shall be in form and substance reasonably satisfactory to the
Administrative Agent and the Borrower, executed by the Borrower, the Administrative Agent and such designated Issuing Lender, and, from
and after the effective date of such agreement, (i) such Tranche A Revolving Lender shall have all the rights and obligations of an Issuing
Lender under this Agreement and (ii) references herein to the term “Issuing Lender” shall be deemed to include such Tranche
A Revolving Lender in its capacity as an Issuing Lender of Letters of Credit hereunder.

Section IV.

REPRESENTATIONS AND WARRANTIES

To induce the Agents and
the Lenders to enter into this Agreement and to make the Loans and issue or participate in the Letters of Credit, the Borrower hereby
represents and warrants (as to itself and each of its Restricted Subsidiaries) to the Agents and each Lender, which representations and
warranties shall be deemed made on the Amendment No. 8 Effective Date (after giving effect to the Amendment No. 8 Refinancing) and on
the date of each borrowing of Loans or issuance, extension or renewal of a Letter of Credit hereunder that:

    	 	137	 

     

    

4.1       Financial
Condition. 

(a)       The
audited consolidated balance sheet of the Borrower and its consolidated Subsidiaries as at December 31, 2018, December 31, 2019 and December
31, 2020, and the related statements of income, stockholders’ equity and of cash flows for the fiscal years ended on such date,
reported on by and accompanied by an unqualified report from KPMG LLP, present fairly in all material respects the financial condition
of the Borrower and its consolidated Subsidiaries as at such dates and the results of their operations, their cash flows and their changes
in stockholders’ equity for the respective fiscal years then ended. All such financial statements, including the related schedules
and notes thereto and year-end adjustments, have been prepared in accordance with GAAP (except as otherwise noted therein).

(b)       The
audited consolidated balance sheet of the Target and its consolidated Subsidiaries as at June 30, 2013, June 30, 2014 and June 30, 2015,
and the related statements of income, stockholders’ equity and of cash flows for the fiscal years ended on such date, reported
on by and accompanied by an unqualified report from PricewaterhouseCoopers LLP, present fairly in all material respects the financial
condition of the Target and its consolidated Subsidiaries as at such dates and the results of their operations, their cash flows and
their changes in stockholders’ equity for the respective fiscal years then ended. All such financial statements, including the
related schedules and notes thereto and year-end adjustments, have been prepared in accordance with GAAP (except as otherwise noted therein).

4.2       No
Change.

Since the Amendment No. 8 Effective Date, there has been no event, development or circumstance that has had or would
reasonably be expected to have a Material Adverse Effect.

4.3       Existence;
Compliance with Law.

Except as set forth in Schedule 4.3, each of the Borrower and its Restricted Subsidiaries (other
than any Immaterial Subsidiaries) (a) (i) is duly organized (or incorporated), validly existing and in good standing (or, only where
applicable, the equivalent status in any foreign jurisdiction) under the laws of the jurisdiction of its organization or incorporation,
except in each case (other than with respect to the Borrower) to the extent such failure to do so would not reasonably be expected to
have a Material Adverse Effect, (ii) has the corporate or other organizational 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, except where
the failure to do so would not reasonably be expected to have a Material Adverse Effect and (iii) is duly qualified as a foreign corporation
or other entity and in good standing (where such concept is relevant) under the laws of each jurisdiction where its ownership, lease
or operation of Property or the conduct of its business requires such qualification except, in each case, to the extent that the failure
to be so qualified or in good standing (where such concept is relevant) would not have a Material Adverse Effect and (b) is in compliance
with all Requirements of Law except to the extent that any such failure to comply therewith would not reasonably be expected to have
a Material Adverse Effect.

4.4       Corporate
Power; Authorization; Enforceable Obligations.

(a)       Each
Loan Party and Local Borrowing Subsidiary has the corporate or other organizational power and authority to execute and deliver, and perform
its obligations under, the Loan Documents to which it is a party and, in the case of each Borrower, to borrow or have Letters of Credit
or Acceptances issued hereunder, except in each case (other than with respect to the Borrower) to the extent such failure to do so would
not reasonably be expected to have a Material Adverse Effect. Each Loan Party and Local Borrowing Subsidiary has taken all necessary corporate
or other action to authorize the

    	 	138	 

     

    

 execution and delivery of, and the performance of its obligations under, the Loan Documents to which
it is a party and, in the case of each Borrower, to authorize the extensions of credit on the terms and conditions of this Agreement,
except in each case (other than with respect to the Borrower) to the extent such failure to do so would not reasonably be expected to
have a Material Adverse Effect.

(b)       No
consent or authorization of, filing with, or notice to, any Governmental Authority is required to be obtained or made by any Loan Party
or Local Borrowing Subsidiary for the extensions of credit hereunder or such Loan Party’s or Local Borrowing Subsidiary’s
execution and delivery of, or performance of its obligations under, or validity or enforceability of, this Agreement or any of the other
Loan Documents to which it is party, as against or with respect to such Loan Party or Local Borrowing Subsidiary, as applicable, except
(i) consents, authorizations, filings and notices described in Schedule 4.4, (ii) consents, authorizations, filings and
notices which have been obtained or made and are in full force and effect, (iii) consents, authorizations, filings and notices the failure
of which to obtain would not reasonably be expected to have a Material Adverse Effect and (iv) the filings referred to in Section
4.17.

(c)       Each
Loan Document has been duly executed and delivered on behalf of each Loan Party and Local Borrowing Subsidiary that is a party thereto.
Assuming the due authorization of, and execution and delivery by, the parties thereto (other than the applicable Loan Parties or Local
Borrowing Subsidiary), this Agreement constitutes, and each other Loan Document upon execution and delivery by each Loan Party or Local
Borrowing Subsidiary that is a party thereto will constitute, a legal, valid and binding obligation of each such Loan Party or Local
Borrowing Subsidiary, as applicable, that is a party thereto, enforceable against each such Loan Party or Local Borrowing Subsidiary,
as applicable, in accordance with its terms (provided, that, with respect to the creation and perfection of security interests
with respect to the Capital Stock of Foreign Subsidiaries, only to the extent enforceability thereof is governed by the Uniform Commercial
Code), 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) and the implied covenants of good faith and fair dealing.

4.5       No
Legal Bar.

Assuming the consents, authorizations, filings and notices referred to in Section 4.4(b) are obtained
or made and in full force and effect, the execution, delivery and performance of this Agreement and the other Loan Documents by the Loan
Parties and Local Borrowing Subsidiaries thereto, the issuance of Letters of Credit and Acceptances, the borrowings hereunder and the
use of the proceeds thereof will not (a) violate the organizational or governing documents of (i) any Borrower or (ii) except as would
not reasonably be expected to have a Material Adverse Effect, any other Loan Party, (b) except as would not reasonably be expected to
have a Material Adverse Effect, violate any Requirement of Law binding on Holdings, the Borrower, any of its Restricted Subsidiaries
or any Local Borrowing Subsidiary, (c) except as would not reasonably be expected to have a Material Adverse Effect, violate any Contractual
Obligation of Holdings, the Borrower, any of its Restricted Subsidiaries or any Local Borrowing Subsidiary or (d) except as would not
have a Material Adverse Effect, 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 permitted by Section 7.3).

4.6       No
Material Litigation.

Except as set forth in Schedule 4.6, no litigation, investigation or proceeding of or before
any arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower, threatened against the Borrower or any of its
Restricted Subsidiaries or against any of their Properties which, taken as a whole, would reasonably be expected to have a Material Adverse
Effect.

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4.7       No
Default.

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

4.8       Ownership
of Property; Liens.

Except as set forth in Schedule 4.8A, each of the Borrower and its Restricted Subsidiaries
has good 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 (other than Intellectual Property), in each case, except where the failure to do so would not
reasonably be expected to have a Material Adverse Effect, and none of such Property is subject to any Lien, except as permitted by the
Loan Documents. Schedule 4.8B lists all Real Property owned in fee simple with a Fair Market Value in excess of $10,000,000
by any Loan Party as of the Amendment No. 8 Effective Date.

4.9       Intellectual
Property.

Each of the Borrower and its Restricted Subsidiaries owns, or has a valid license or right to use, all Intellectual
Property necessary for the conduct of its business as currently conducted free and clear of all Liens, except as permitted by the Loan
Documents and except where the failure to do so would not reasonably be expected to have a Material Adverse Effect. To the Borrower’s
knowledge, neither the Borrower nor any of its Restricted Subsidiaries is infringing, misappropriating, diluting or otherwise violating
any Intellectual Property rights of any Person in a manner that would reasonably be expected to have a Material Adverse Effect. The Borrower
and its Restricted Subsidiaries take all reasonable actions that in the exercise of their reasonable business judgment should be taken
to protect their Intellectual Property, including Intellectual Property that is confidential in nature, except where the failure to do
so would not reasonably be expected to have a Material Adverse Effect.

4.10       Taxes.

Each of the Borrower and its Restricted Subsidiaries (a) has filed or caused to be filed all federal, state, provincial and other
Tax returns that are required to be filed and (b) has paid or caused to be paid all taxes shown to be due and payable on said returns
and all other taxes, fees or other charges imposed on it or on any of its Property by any Governmental Authority (other than (i) any
returns or amounts that are not yet due or (ii) amounts the validity of which are currently being contested in good faith by appropriate
proceedings and with respect to which any reserves required in conformity with GAAP have been provided on the books of the Borrower or
such Restricted Subsidiary, as the case may be), except in each case where the failure to do so would not reasonably be expected to have
a Material Adverse Effect. The Company does not intend to treat the Loans and the Letters of Credit and the related transactions contemplated
hereby as being a “reportable transaction” (within the meaning of Treasury Regulation Section 1.6011-4).

4.11       Federal
Regulations.

No part of the proceeds of any Loans, and no other extensions of credit hereunder, will be used for any purpose
that violates the provisions of the regulations of the Board.

4.12       ERISA.

(a)       Except
as would not reasonably be expected, either individually or in the aggregate, to have a Material Adverse Effect: (i) neither a Reportable
Event nor a failure to meet the minimum funding standards (within the meaning of Section 412(a) of the Code or Section 302(a)(2) of ERISA)
has 

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occurred during the five-year period prior to the date on which this representation is made with respect to any Single Employer Plan,
and each Single Employer Plan has complied with the applicable provisions of ERISA and the Code; (ii) no termination of a Single Employer
Plan has occurred, and no Lien in favor of the PBGC or a Plan has arisen on the assets of the Borrower or any of its Restricted Subsidiaries,
during such five-year period; the present value of all accrued benefits under each Single Employer Plan (based on those assumptions used
to fund such Plans) did not, as of the last annual valuation date prior to the date on which this representation is made or deemed made,
exceed the value of the assets of such Single Employer Plan allocable to such accrued benefits; (iii) none of the Borrower or any of its
Restricted Subsidiaries has had a complete or partial withdrawal from any Multiemployer Plan that has resulted or would reasonably be
expected to result in a liability under ERISA; (iv) none of the Borrower or any of its Restricted Subsidiaries would become subject to
any liability under ERISA if the Borrower or such Restricted Subsidiary were to withdraw completely from all Multiemployer Plans as of
the valuation date most closely preceding the date on which this representation is made; and (v) no Multiemployer Plan is Insolvent.

(b)       The
Borrower and its Restricted Subsidiaries have not incurred, and do not reasonably expect to incur, any liability under ERISA or the
Code with respect to any plan within the meaning of Section 3(3) of ERISA which is subject to Title IV of ERISA or Section 412 of
the Code or Section 302 of ERISA that is maintained by a Commonly Controlled Entity (other than the Borrower and its Restricted
Subsidiaries) (a “Commonly Controlled Plan”) merely by virtue of being treated as a single employer under
Title IV of ERISA with the sponsor of such plan that would reasonably be likely to have a Material Adverse Effect and result in a
direct obligation of the Borrower or any of its Restricted Subsidiaries to pay money.

4.13       Investment
Company Act.

No Loan Party is an “investment
company,” or a company “controlled” by an “investment company,” within the meaning of the Investment Company
Act of 1940, as amended.

4.14       Subsidiaries.

The Subsidiaries listed
on Schedule 4.14 constitute all the Subsidiaries of the Borrower at the Amendment No. 8 Effective Date. Schedule 4.14
sets forth as of the Amendment No. 8 Effective Date the name and jurisdiction of incorporation of each Subsidiary and, as to each Subsidiary,
the percentage of each class of Capital Stock owned by any Loan Party and the designation of such Subsidiary as a Restricted Subsidiary
or an Unrestricted Subsidiary.

4.15       Environmental
Matters.

Other than exceptions to
any of the following that would not reasonably be expected to have a Material Adverse Effect, (A) none of the Borrower or any of its Restricted
Subsidiaries (i) has failed to comply with any Environmental Law or to obtain, maintain or comply with any permit, license or other approval
required under any Environmental Law for the operation of the Business; or (ii) has become subject to any pending or threatened Environmental
Liability and (B) to Borrower’s knowledge, there are no existing facts or circumstances (including any presence or Release of Materials
of Environmental Concern at any Real Property or any real property formerly owned or operated by Borrower or its Subsidiaries) that are
reasonably likely to give rise to any Environmental Liability of Borrower or any of its Restricted Subsidiaries.

4.16       Accuracy
of Information, etc.

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As of the Amendment No.
8 Effective Date, no statement or information (excluding any projections and pro forma financial information) contained in this Agreement,
any other Loan Document or any certificate furnished to the Administrative Agent or the Lenders or any of them (in their capacities as
such), by or on behalf of any Loan Party for use in connection with the transactions contemplated by this Agreement or the other Loan
Documents, including the Amendment No. 8 Refinancing, when taken as a whole, contained as of the date such statement, information or certificate
was so furnished, any untrue statement of a material fact or omitted to state a material fact necessary in order to make the statements
contained herein or therein, in light of the circumstances under which they were made, not materially misleading (in the case of any of
the foregoing to the extent relating to the Target on or prior to the Closing Date, to the Borrower’s knowledge). As of the Amendment
No. 8 Effective Date, any 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, in light of the circumstances
under which they were made, it being recognized by the Agents and 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.

4.17       Security
Documents.

(a)       The
Guarantee and Collateral Agreement is effective to create in favor of the Collateral Agent, for the benefit of the Secured Parties, a
legal, valid and enforceable security interest in the Collateral described therein (other than Excluded Collateral) of a type in which
a security interest can be created under Article 9 of the UCC (including any proceeds of any such item of Collateral). The Canadian Collateral
Agreement is effective to create in favor of the Collateral Agent, for the benefit of the Secured Parties, a legal, valid and enforceable
security interest in the Collateral described therein (other than Excluded Collateral) of a type in which a security interest can be created
under the PPSA (including any proceeds of any such item of Collateral). In the case of (i) the Pledged Securities described in the Guarantee
and Collateral Agreement and the Canadian Collateral Agreement (in each case, other than Excluded Collateral), when any stock certificates
or notes, as applicable, representing such Pledged Securities are delivered to the Collateral Agent (or, in the case of Pledged Securities
that are Term Facility First Priority Collateral, the Designated Term Loan Agent) together with any proper indorsements executed in blank
and such other actions have been taken with respect to the Pledged Securities of Foreign Subsidiaries as are required under the applicable
law of the jurisdiction of organization of the applicable Foreign Subsidiary (it being understood that no such actions under applicable
law of the jurisdiction of organization of the applicable Foreign Subsidiary shall be required by any Loan Document) and (ii) the other
Collateral described in the Guarantee and Collateral Agreement and the Canadian Collateral Agreement (in each case, other than Excluded
Collateral), when financing statements in appropriate form are filed in the offices specified on Schedule 4.17 (or, in the
case of other Collateral not in existence on the Amendment No. 8 Effective Date, such other offices as may be appropriate) (which financing
statements have been duly completed and executed (as applicable) and delivered to the Collateral Agent) and such other filings as are
specified on Schedule 4.17 are made (or, in the case of other Collateral not in existence on the Amendment No. 8 Effective
Date, such other filings as may be appropriate), the Collateral Agent shall have a fully perfected first priority Lien (or, with respect
to the Term Facility First Priority Collateral, a fully perfected second priority Lien) on, and security interest in, all right, title
and interest of the Loan Parties in such Collateral (including any proceeds of any item of Collateral) (to the extent a security interest
in such Collateral can be perfected through the filing of such documents and financing statements in the offices specified on Schedule
4.17 (or, in the case of other Collateral not in existence on the Amendment No. 8 Effective Date, such other offices as may be
appropriate) and the other filings specified on Schedule 4.17 (or, in the case of other Collateral not in existence on the
Amendment No. 8 Effective Date, such other filings as may be appropriate), and through the delivery of the Pledged Securities required
to be delivered on the 

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Amendment No. 8 Effective Date), as security for the Secured Obligations, in each case prior in right to the Lien
of any other Person (except (i) in the case of Collateral other than Pledged Securities that comprise stock of wholly-owned Subsidiaries,
Liens permitted by Section 7.3 and (ii) Liens having priority by operation of law) to the extent required by the Guarantee
and Collateral Agreement or the Canadian Collateral Agreement, as applicable.

(b)       Upon
the execution and delivery of any Mortgage to be executed and delivered pursuant to Section 6.8(b), such Mortgage shall
be effective to create in favor of the Collateral Agent for the benefit of the Secured Parties a legal, valid and enforceable Lien on
the Mortgaged Property described therein and proceeds thereof, 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) and the implied covenants of good faith and fair dealing; and when
such Mortgage is filed in the recording office designated by the Borrower and all relevant mortgage taxes and recording charges are duly
paid, such Mortgage shall constitute a fully perfected Lien on, and security interest in, all right, title and interest of the applicable
Loan Party in such Mortgaged Property and the proceeds thereof, as security for the Obligations (as defined in the relevant Mortgage),
in each case subject only to Liens permitted by Section 7.3 or other encumbrances or rights permitted by the relevant Mortgage.

(c)       Each
Security Document to which a Non-US Guarantor is a party is effective to create in favor of the Collateral Agent, for the benefit of the
Secured Parties, a legal, valid and enforceable security interest in the Collateral described therein (other than Excluded Collateral)
subject to the limitations set forth in such Security Document.

4.18       Solvency.

As of the Amendment No.
8 Effective Date, the Borrower and its Subsidiaries are (on a consolidated basis), and immediately after giving effect to the Amendment
No. 8 Refinancing will be, Solvent.

4.19       Anti-Terrorism.

As
of the Closing Date, Holdings, the Borrower and its Restricted Subsidiaries are in compliance with the USA Patriot Act, except as would
not reasonably be expected to have a Material Adverse Effect.

4.20       Use
of Proceeds.

The Borrower will use the proceeds of the Loans and will request the issuance of Letters of Credit solely in compliance
with Section 6.9 of this Agreement.

4.21       Labor
Matters.

Except as, in the aggregate,
would not reasonably be expected to have a Material Adverse Effect: (a) there are no strikes or other labor disputes against the
Borrower or its Restricted Subsidiaries pending or, to the knowledge of the Borrower, threatened; (b) hours worked by and payment
made to employees of the Borrower or its Restricted Subsidiaries 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 the Borrower or any of its Restricted Subsidiaries
on account of employee health and welfare insurance have been paid or accrued as a liability on the books of the Borrower or such Restricted
Subsidiary, as applicable.

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4.22       Senior
Indebtedness.

The Obligations constitute
senior Indebtedness in accordance with the terms of the 2024 Notes.

4.23       OFAC.

No
Loan Party, nor, to the knowledge of any Loan Party, any Related Party, (i) is currently the target of any Sanctions, (ii) is located,
organized or residing in any Designated Jurisdiction, or (iii) is or has been (within the previous five years) engaged in any transaction
with any Person who is now or was then the target of Sanctions or who is located, organized or residing in any Designated Jurisdiction
in violation of any applicable Sanctions. No Loan, Letter of Credit or Acceptance, nor the proceeds from any Loan, Letter of Credit or
Acceptance, has been used by any Loan Party or any Local Borrowing Subsidiary, directly or indirectly, to lend, contribute, provide or
has otherwise been made available to fund any activity or business in any Designated Jurisdiction or to fund any activity or business
of any Person located, organized or residing in any Designated Jurisdiction or who is the target of any Sanctions, or in any other manner
that will, in each case, result in any violation by any party hereto (including any Lender, Lead Arranger, Administrative Agent, Issuing
Lender or Swingline Lender) of Sanctions.

4.24       Anti-Corruption
Compliance.

The Borrower and each
of its Subsidiaries (and all Persons acting on behalf of the Borrower and each of its Subsidiaries) is in compliance with applicable Anti-Corruption
Laws and has implemented and maintains in effect policies and procedures reasonably designed to facilitate continued compliance. No part
of the proceeds of the Loans, Letters of Credit or Acceptances has been or will be used by the Borrower or its Subsidiaries, directly
or indirectly, for any payments to any Person, governmental official or employee, political party, official of a political party, candidate
for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper
advantage, in violation of any applicable Anti-Corruption Law.

4.25       Borrowing
Base Certificate.

At the time of delivery
of each Borrowing Base Certificate, assuming that any eligibility criteria that require the approval or satisfaction of the Administrative
Agent are approved by or satisfactory to the Administrative Agent, the information contained in such Borrowing Base Certificate is accurate
and complete in all material respects.

Section V.

CONDITIONS PRECEDENT

5.1       Conditions
to Initial Extension of Credit on the Closing Date.

The agreement of each
Lender to make the initial extension of credit requested to be made by it is 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)       Credit
Agreement; Guarantee and Collateral Agreement. The Administrative Agent shall have received (i) this Agreement, executed and delivered
by Holdings and the Borrower, (ii) the Guarantee and Collateral Agreement, executed and delivered by the Borrower and each Subsidiary
Guarantor,(iii) the Holdings Guarantee and Pledge Agreement, executed and delivered by Holdings and

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 (iv) the ABL Intercreditor Agreement,
executed and delivered by Holdings, the Borrower and each Subsidiary Guarantor;

(b)       Representations
and Warranties. All Specified Merger Agreement Representations shall be true and correct in all material respects (or if qualified
by materiality, in all respects) on the Closing Date, and all Specified Representations made by any Loan Party shall be true and correct
in all material respects (or if qualified by materiality, in all respects) on the Closing Date;

(c)       Borrowing
Notice. The Administrative Agent shall have received a notice of borrowing from the Borrower with respect to the Revolving Loans to
be made on the Closing Date;

(d)       Fees.
The Administrative Agent shall have received all fees due and payable on or prior to the Closing Date in respect of the Tranche A Revolving
Facility pursuant to the Fee Letter and, to the extent invoiced at least two Business Days prior to the Closing Date (or such later date
as the Borrower may reasonably agree), shall have been reimbursed for all reasonable and documented out-of-pocket expenses (including
the reasonable fees, charges and disbursements of Latham & Watkins LLP, counsel to the Administrative Agent) required to be reimbursed
or paid by the Borrower hereunder or under any other Loan Document;

(e)       Legal
Opinions. The Administrative Agent shall have received an executed legal opinion of (i) Paul, Weiss, Rifkind, Wharton & Garrison
LLP, special New York counsel to the Loan Parties, (ii) Akerman LLP, special Florida counsel to the Loan Parties, (iii) Lubin, Olson
& Niewiadomski LLP, special California counsel to the Loan Parties, (iv) in-house counsel for Holdings, and (v) in-house counsel
for Elizabeth Arden, Inc., in each case, in form and substance reasonably satisfactory to the Administrative Agent;

(f)       Closing
Certificate. The Administrative Agent shall have received a certificate of the Borrower, dated as of the Closing Date, substantially
in the form of Exhibit C;

(g)       USA
Patriot Act. The Lenders shall have received from the Borrower and each of the Loan Parties, at least 3 Business Days prior to the
Closing Date, all documentation and other information reasonably requested by any Lender no less than 10 calendar days prior to the Closing
Date that such Lender reasonably determines is required by regulatory authorities under applicable “know your customer” and
anti-money laundering rules and regulations, including the USA Patriot Act;

(h)       Filings.
Subject to the last paragraph of this Section 5.1, and except as set forth on Schedule 6.10, each Uniform Commercial
Code financing statement and each intellectual property security agreement required by the Security Documents to be filed with the U.S.
Patent and Trademark Office or the U.S. Copyright Office in order to create in favor of the Collateral Agent, for the benefit of the Secured
Parties, a first priority perfected Lien (or, with respect to the Term Facility First Priority Collateral, a fully perfected second priority
Lien) on the Collateral described therein shall have been delivered to the Collateral Agent in proper form for filing;

(i)       Pledged
Stock; Stock Powers. Subject to the last paragraph of this Section 5.1, and except as set forth on Schedule 6.10,
the Collateral Agent (or, in the case of any Pledged Securities that are Term Facility First Priority Collateral, the Designated Term
Loan Agent) shall have received the certificates, if any, representing the shares of Pledged Stock held by a Loan Party pledged 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;

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(j)       Solvency
Certificate. The Administrative Agent shall have received a solvency certificate signed by the chief financial officer on behalf of
the Borrower, substantially in the form of Exhibit G, after giving effect to the Transactions or, at the Borrower’s option,
a solvency opinion from an independent investment bank or valuation firm of nationally recognized standing;

(k)       Refinancing.
The Refinancing shall have been, or shall substantially concurrently with the Closing Date be, consummated (and the joint lead arrangers
as of the Closing Date shall have received reasonably satisfactory evidence thereof) and arrangements for the concurrent termination and
release of all security interests in respect of, and Liens securing, the Indebtedness and other obligations thereunder created pursuant
to the security documentation relating to the Existing Credit Agreements shall have been made and shall be effective;

(l)       Material
Adverse Effect. Since June 16, 2016, there shall not have occurred any changes, events, circumstances, effects, developments, occurrences
or state of facts that, individually or in the aggregate, have had or would reasonably be expected to have a Target Material Adverse Effect;

(m)       Merger.
The Merger shall have been consummated, or substantially simultaneously with the Closing Date shall be consummated, in all material
respects in accordance with the terms of the Merger Agreement, without giving effect to any modifications, amendments, consents or
waivers thereto or thereunder that are material and adverse to the Lenders or the joint bookrunners as of the Closing Date (in each
case, in their capacity as such) without the prior consent of the joint bookrunners as of the Closing Date (such consent not to be
unreasonably withheld, delayed or conditioned); provided, that any request or consent provided by Borrower or its
affiliates in accordance with clause (v) of the definition of Company Material Adverse Effect (as defined in the
Merger Agreement) that has the effect of waiving or otherwise excusing an action or omission to act that would, absent such request
or consent, result in a Company Material Adverse Effect (as defined in the Merger Agreement) shall be deemed to be materially
adverse to the interests of the Lenders and the joint bookrunners as of the Closing Date. For purposes of the foregoing condition,
it is hereby understood and agreed that any reduction in the purchase price in connection with the Merger shall not be deemed to be
material and adverse to the interests of the Lenders and the joint bookrunners as of the Closing Date;

(n)       Financial
Statements. The joint bookrunners as of the Closing Date shall have received (i) audited consolidated balance sheets of each of the
Borrower and the Target and related statements of income, changes in equity and cash flows of each of the Borrower and the Target for
each of their respective three (3) most recently completed fiscal years ended at least 90 days before the Closing Date and (ii) unaudited
consolidated balance sheets and related statements of income, changes in equity and cash flows of each of the Borrower and the Target
for each subsequent fiscal quarter after the audited financial statements referred to above and ended at least 45 days before the Closing
Date (other than any fiscal fourth quarter);

(o)       Pro
Forma Financial Statements. The joint bookrunners as of the Closing Date shall have received a pro forma consolidated balance sheet
and related pro forma consolidated statement of income of the Borrower and its Subsidiaries (based on the financial statements of the
Borrower and the Target referred to in clause (n) above) as of and for the twelve-month period ending on the last day of
the most recently completed four-fiscal quarter period of the Borrower ended at least 45 days prior to the Closing Date (or, if the most
recently completed fiscal period of the Borrower is the end of a fiscal year, ended at least 90 days before the Closing Date), prepared
after giving effect to the Transactions as if the Transactions had occurred as of such date (in the case of such balance sheet) or at
the beginning of such period (in the case of such consolidated statement of income), which need not be prepared in compliance with Regulation
S-X of the Securities Act, as amended, or include adjustments for purchase accounting; and

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(p)       Lien
Searches. The Collateral Agent shall have received the results of a recent lien search in each of the jurisdictions in which Uniform
Commercial Code financing statements will be made to evidence or perfect security interests required to be evidenced or perfected, and
such search 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.

Each of the requirements set forth in clauses
(h) and (i) above (except (a) to the extent that a Lien on such Collateral may under applicable law be perfected
on the Closing Date by the filing of financing statements under the Uniform Commercial Code, (b) the delivery of stock certificates of
the Borrower and its wholly-owned Domestic Subsidiaries (including Guarantors but other than (x) Immaterial Subsidiaries and (y) Subsidiaries
of the Target to the extent stock certificates issued by such entities are not delivered to the Borrower on the Closing Date) to the extent
included in the Collateral, with respect to which a Lien may be perfected on the Closing Date by the delivery of a stock certificate and
(c) short-form intellectual property filings in respect of U.S. Intellectual Property of the Borrower and its Subsidiaries and, subject
always to the extent expressly provided in the Merger Agreement and to the Borrower using commercially reasonable efforts to cause the
filing of the same in respect thereof, the Target and its Subsidiaries, filed with the U.S. Patent and Trademark Office and the U.S. Copyright
Office) shall not constitute conditions precedent under this Section 5.1 after the Borrower’s use of commercially
reasonable efforts to satisfy such requirements without undue burden or expense; provided, that the Borrower hereby agrees
to deliver, or cause to be delivered, such documents and instruments, or take or cause to be taken such other actions, in each case, as
may be required to perfect such security interests within ninety (90) days after the Closing Date (subject to extensions approved by the
Administrative Agent in its reasonable discretion).

5.2       Conditions
to Each Extension of Credit After Closing Date

The agreement of each Lender to make any Loan
or to issue or participate in any Letter of Credit hereunder on any date after the Closing Date is subject to the satisfaction (or waiver)
of the following conditions precedent:

(a)       Representations
and Warranties. Each of the representations and warranties made by any Loan Party in or pursuant to the Loan Documents shall be true
and correct in all material respects (and in all respects if any such representation or warranty is already qualified by materiality or
Material Adverse Effect), in each case on and as of such date as if made on and as of such date except to the extent that such representations
and warranties relate to an earlier date, in which case such representations and warranties shall be true and correct in all material
respects (and in all respects if any such representation or warranty is already qualified by materiality or Material Adverse Effect) as
of such earlier date;

(b)       No
Default. No Default or Event of Default shall have occurred and be continuing on such date or after giving effect to the extensions
of credit requested to be made on such date;

(c)       Borrowing
Notice. In the case of a borrowing of any Loans, the Administrative Agent shall have received a notice of borrowing from the Borrower
in accordance with Section 2.5 (or, in the case of a Swingline Loan, Section 2.6);

(d)       Borrowing
Base. Commencing on and after the date on which the Borrower is first required to deliver a Borrowing Base Certificate pursuant to
Section 6.2(g)(i), the Borrower shall have delivered the Borrowing Base Certificate most recently required to be delivered
by Section 6.2(g). After giving effect to the Loans requested to be made, the Acceptances requested to be created or the
Letters of Credit requested to be issued on any such date and the use of proceeds thereof, the aggregate Revolving 

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Extensions of Credit
shall not exceed the Tranche A Availability then in effect
(after giving effect to any Push Down Reserve); and

(e)       Anti-Cash
Hoarding. Commencing on and after the 2021 Notes Exchange Effective Date, after giving effect to any payments or prepayments to be
made pursuant to Section 2.12(b)(iii), Holdings and its Subsidiaries shall not have more than the Specified Cash Limit in
cash or Cash Equivalents ((x) other than Specified Excluded Cash and (y) based on closing balances on the immediately preceding
Business Day) before and after the making of such Loan or at the time of issuance, extension or renewal of such Letter of Credit.

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

Notwithstanding anything
herein to the contrary, other than in connection with Protective Advances, at any time during the continuance of a Liquidity Event Period,
any condition in this Section 5.2 may not be waived if the Borrower shall not be in pro forma compliance with Section 7.1
after giving effect to the applicable extension of credit.

Section VI.

AFFIRMATIVE COVENANTS

The Borrower (on
behalf of itself and each of its Restricted Subsidiaries) hereby agrees that, from and after the Closing Date, so long as the
Commitments remain in effect, any Letter of Credit remains outstanding (that has not been Cash Collateralized) or any Loan or other
amount is owing to any Lender or any Agent hereunder (other than (i) contingent or indemnification obligations not then due and (ii)
obligations in respect of Specified Hedge Agreements, Specified Cash Management Obligations or Specified Additional Obligations),
the Borrower shall, and shall cause (except in the case of the covenants set forth in Section 6.1, Section
6.2, Section 6.7, Section 6.11 and Section 6.17) each of its Restricted
Subsidiaries to:

6.1       Financial
Statements.

Furnish to the Administrative
Agent for delivery to each Lender (which may be delivered via posting on the Platform):

(a)       within
90 days after the end of each fiscal year of the Borrower, commencing with the fiscal year ending December 31, 2016, (i) a copy of the
audited consolidated balance sheet of the Borrower and its consolidated Subsidiaries as at the end of such year and the related audited
consolidated statements of income and of cash flows for such year, setting forth, commencing with the financial statements with respect
to the fiscal year ending December 31, 2016, in comparative form the figures as of the end of and for the previous year, reported on without
qualification, exception or explanatory paragraph as to “going concern” or arising out of the scope of the audit (other than
any such exception or explanatory paragraph (but not qualification) that is expressly solely with respect to, or expressly resulting solely
from, an upcoming maturity date of the Facilities or the Term Loan Agreement occurring within one year from the time such report is delivered),
by KPMG LLP or other independent certified public accountants of nationally recognized standing and (ii) a management’s discussion
and analysis of the important operational and financial developments during such fiscal year; and

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(b)       within
45 days after the end of each of the first three quarterly periods of each fiscal year of the Borrower, commencing with the fiscal quarter
ending September 30, 2016, (i) the unaudited consolidated balance sheet of the Borrower 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 quarter and the portion of the
fiscal year through the end of such quarter, setting forth, in comparative form the figures as of the end of and for the corresponding
period in the previous year, certified by a Responsible Officer as fairly presenting in all material respects the financial condition
of the Borrower and its consolidated Subsidiaries in conformity with GAAP (subject to normal year-end audit adjustments and the lack of
complete footnotes) and (ii) a management’s discussion and analysis of the important operational and financial developments during
such fiscal quarter.;

(c)       within
30 days after the end of each month of the Borrower, commencing with the month ending April 30, 2020,

(i)        the
unaudited consolidated balance sheet of the Borrower and its consolidated Subsidiaries as at the end of such month and the related unaudited
consolidated statements of income and of cash flows for such month and the portion of the fiscal year through the end of such month, setting
forth, in comparative form the figures as of the end of and for the corresponding period in the previous year, certified by a Responsible
Officer as fairly presenting in all material respects the financial condition of the Borrower and its consolidated Subsidiaries in conformity
with GAAP (subject to normal year-end audit adjustments and the lack of complete footnotes), and

(ii)        a
report of the Cash and Cash Equivalents of the Borrower and its consolidated Subsidiaries as of such month end; provided
that, during a Cash Dominion Period, the Borrower shall furnish to the Administrative Agent for delivery to each Lender as soon as available,
but in any event not later than Monday (or if Monday is not a Business Day, Tuesday) after the end of the last day of each week, a report
of the Cash and Cash Equivalents of the Borrower and its consolidated Subsidiaries on a jurisdiction-by-jurisdiction basis in a form reasonably
acceptable to the Administrative Agent.;
and

(d)       solely
during the Accommodation Period, on the Thursday of each calendar week following the Amendment No. 9 Effective Date, the Borrower shall
deliver to the Administrative Agent for delivery to each Lender a thirteen (13) week cash flow forecast, or a weekly update thereto,
showing updated actuals and variances, in each case, in form substantially similar to the form of thirteen (13) week cash flow forecast
delivered to the Administrative Agent prior to the Amendment No. 9 Effective Date (together with any updates or changes recommended by
FTI Consulting to such form in connection with FTI Consulting’s engagement by the Borrower). 

All such financial statements shall be prepared
in reasonable detail and in accordance with GAAP applied consistently throughout the periods reflected therein and with prior periods
(except as disclosed therein and except in the case of the financial statements referred to in clauses (b) and (c),
for customary year-end adjustments and the absence of complete footnotes). Any financial statements or other deliverables required to
be delivered pursuant to this Section 6.1 and any financial statements or reports required to be delivered pursuant to clause
(d) of Section 6.2 shall be deemed to have been furnished to the Administrative Agent on the date that (i) such
financial statements or deliverable (as applicable) are posted on the SEC’s website at www.sec.gov or the website for Holdings and
(ii) the Administrative Agent has been provided written notice of such posting.

Documents required to be delivered pursuant
to this Section 6.1 may also be delivered by posting such documents electronically with written notice of such posting to
the Administrative Agent and if so 

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posted, shall be deemed to have been delivered on the date on which such documents are posted on the
Borrower’s behalf on the Platform.

Notwithstanding anything
to the contrary in this Agreement, during the effective period of the Securities and Exchange Commission’s Order under Section 36
of the Securities Exchange Act of 1934 Modifying Exemptions from the Reporting and Proxy Delivery Requirements for Public Companies, Release
No. 34-88465, as such order may be supplemented, extended or otherwise modified from time to time, the delivery of any financial statements
required by this Section 6.1 and Section 6.2 shall be extended to match the time periods set forth therein.

6.2       Certificates;
Other Information.

Furnish to the Administrative
Agent for delivery to each Lender, or, in the case of clause (e), to the relevant Lender (in each case, which may be delivered
via posting on the Platform):

(a)       [reserved];within
two Business Days after receipt, any written reports, materials or information prepared by and received from FTI Consulting pursuant
to its engagement in connection with Amendment No. 9 (collectively, the “FTI Reports”); provided that the Administrative
Agent or such Lender shall have executed and delivered to FTI Consulting any confidentiality or non-reliance agreement required by FTI
Consulting. The Administrative Agent and the other Secured Parties are authorized to communicate, verbally and in writing, directly with
FTI Consulting regarding the FTI Reports; and FTI Consulting shall be authorized by the Loan Parties to communicate, verbally and in
writing with the Administrative Agent and the other Lenders regarding all FTI Reports, including in response to inquiries from the Administrative
Agent and/or the other Secured Parties.  Each Loan Party shall authorize and direct FTI Consulting to provide the Administrative
Agent and the other Secured Parties with copies of FTI Reports;

(b)       concurrently
with the delivery of any financial statements pursuant to Section 6.1, commencing with delivery of financial statements
for the first period ending after the Closing Date,

(i)       a
Compliance Certificate of a Responsible Officer on behalf of the Borrower

(x)        stating
that such Responsible Officer has obtained no knowledge of any Default or Event of Default that has occurred and is continuing except
as specified in such certificate and

(y)        containing
information and calculations reasonably necessary for determining, on a consolidated basis, the Financial Covenant Fixed Charge Coverage
Ratio for the most recently ended Test Period (including, without limitation, the calculation of Consolidated EBITDA and the components
thereof and a reconciliation of Consolidated EBITDA hereunder with “EBITDA” as reported by the Borrower in financial statements
and other reports posted on the SEC’s website or otherwise filed with the SEC); provided, that the information in
this clause (y) shall not be required to be included in such Compliance Certificate with respect to any Test Period if the
ratio (expressed as a percentage) of (A) the sum of the amounts of Excess Availability (calculated as if it applied solely to the Tranche
A Revolving Facility) for each day in the last fiscal quarter of such Test Period to (B) the sum of the amounts of Tranche A Availability
for each such day is greater than or equal to 66-2/3% and

(ii)       to
the extent not previously disclosed to the Administrative Agent,

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(x)        a
description of any Default or Event of Default that occurred,

(y)        a
description of any new Subsidiary and of any change in the name or jurisdiction of organization of any Loan Party since the date of the
most recent list delivered pursuant to this clause (or, in the case of the first such list so delivered, since the Closing Date) to the
extent not previously disclosed pursuant to Section 6.8 and

(z)        solely
in the case of financial statements delivered pursuant to Section 6.1(a), a listing of any registrations of or applications
for United States Intellectual Property by any Loan Party filed since the last such report, together with a listing of any intent-to-use
applications for trademarks or service marks for which a statement of use or an amendment to allege use has been filed since the last
such report and, with respect to any Non-US Guarantor organized under the laws of Canada or any jurisdiction thereof, a listing of any
Intellectual Property acquired by such Non-US Guarantor since the last such report which is the subject of a registration or application
with the Canadian Intellectual Property Office;

(c)       not
later than (x) 90 days after the end of each fiscal year of Holdings or (y) with respect to the fiscal year ending December
31, 2020, January 15, 2021, commencing with the fiscal year ending December 31, 2016, a consolidated forecast for the following fiscal
year (including a projected consolidated balance sheet of the Borrower and its Subsidiaries as of the end of the following fiscal year
and the related consolidated statements of projected cash flow and projected income);

(d)       promptly
after the same become publicly available, copies of all financial statements and material reports that Holdings sends to the holders of
any class of its publicly traded debt securities or public equity securities (except for those provided solely to the Permitted Investors),
in each case to the extent not already provided pursuant to Section 6.1 or any other clause of this Section 6.2;

(e)       promptly,
such additional financial and other information regarding the operations, business affairs and financial condition of the Borrower
or any Restricted Subsidiary as the Administrative Agent (for its own account or upon the request from any Lender) may from time to
time reasonably request to the extent such additional financial or other information is reasonably available to, or can be
reasonably obtained by, the Borrower; provided, that such requests shall not be made for the purposes set forth under Section
6.14, it being understood that Section 6.14 shall govern the subject matter thereof exclusively;

(f)(i)within
a reasonable period following the delivery of any financial statements pursuant to Section 6.1, dial-in details in
respect of a conference call with Lenders (which may be satisfied by a call with holders of Holdings’s publicly listed debt or equity
securities attended by any Lender) and during which representatives from the Borrower will be available to discuss the details of the
relevant financial statements and otherwise address additional matters in a manner consistent with Holdings’s past practice; and

(ii)       commencing
on and after the Amendment No. 6 Effective Date, on periodic intervals as may be reasonably requested by the Administrative Agent, dial-in
details in respect of a conference call with the Administrative Agent during which representative from the Borrower and its advisors will
be available to discuss the financial performance and liquidity of the Borrower and its Subsidiaries and otherwise address additional
related matters as reasonably requested by the Administrative Agent.;

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(g)       The
Company may deliver from time to time a Borrowing Base Certificate, but in any event shall deliver a Borrowing Base Certificate

(i)       calculated
as of the last day of each calendar month commencing with April 30, 2021, as soon as available but in any event not later than 15 days
after the end of such calendar month (or, if such date is not a Business Day, the next succeeding Business Day) and;

(ii)       after
the first Borrowing Base Certificate is delivered or is required to be delivered pursuant to clause (i) above, then during
a Cash Dominion Period or if an Event of Default has occurred and is continuing, not later than the first Thursday (or if such Thursday
is not a Business Day, Friday) after the end of the last day of each week (containing available updated figures for Eligible Receivables
but not, unless otherwise available, Eligible Inventory),;
and

(iii)       calculated
as of the Accommodation Period Termination Date not later than three (3) Business Days after the Accommodation Period End Date;

in each case, executed by
a Responsible Officer of the Company.

Notwithstanding
anything herein to the contrary, any Specified Disposition and any direct or indirect Disposition outside of the ordinary course of
business (whether in one transaction or a series of related transactions) of assets included within the Borrowing Base, including
any Intellectual Property with respect to which such Disposition would cause Inventory included in the Borrowing Base to cease to be
Eligible Inventory (including, without limitation, any such Disposition by way of Restricted Payment, Investment in a Person that is
not a Loan Party, any Loan Party ceasing to be a Loan Party, any transactions under Section 7.4, or a Disposition of
Intellectual Property (including a Disposition or termination of any license to use Intellectual Property) that causes Inventory to
cease to be Eligible Inventory), in each case if such assets included within the Borrowing Base and such Inventory ceasing to be
Eligible Inventory, in the aggregate, constitute more than 10% of the Tranche A Borrowing Base (without
giving effect to any incremental increase to the Tranche A Borrowing Base during the Accommodation Period as a result of the higher
advance rates or dollar cap in clauses (a) through (c) above of the definition thereof, as applicable) prior to
giving effect to such Disposition shall be subject to the requirement that, prior to the consummation of such Disposition, (x) the
Company shall deliver to the Administrative Agent an updated Borrowing Base Certificate (which shall be delivered to the Lenders)
demonstrating, after giving pro forma effect to such Disposition and any transactions in connection therewith (including, without
limitation, any prepayment or repayment of the Loans and removal of any Inventory from the Borrowing Base that will no longer
constitute Eligible Inventory), if such Disposition is on or after the Tranche A Revolving Discharge Date, the aggregate principal
amount of the SISO Term Loans then outstanding does not exceed the Tranche A Borrowing Base, and (y) if a Liquidity Event Period
exists or would result therefrom, the Company shall have demonstrated compliance with Section 7.1, calculating the
Financial Covenant Fixed Charge Coverage Ratio on a pro forma basis as if such Specified Disposition, Disposition, Investment or
other transaction, and/or any other transaction in connection therewith, shall have occurred at the beginning of the Test Period
(and the Borrower shall have delivered to the Administrative Agent such financial information as it may reasonably request
demonstrating such compliance).

Notwithstanding anything to the contrary in
this Section 6.2, (a) none of the Borrower or any of its Restricted Subsidiaries will be required to disclose any document,
information or other matter that (i) constitutes non-financial trade secrets or non-financial proprietary information, (ii) in respect
of which disclosure to the Administrative Agent or any Lender (or their respective representatives or contractors) is prohibited or restricted
by Requirements of Law or any binding agreement or obligation, (iii) is subject 

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to attorney-client or similar privilege or constitutes
attorney work product or (iv) constitutes classified information and (b) unless such material is identified in writing by the Borrower
as “Public” information, the Administrative Agent shall deliver such information only to “private-side” Lenders
(i.e., Lenders that have affirmatively requested to receive information other than Public Information).

Documents required to be delivered pursuant
to this Section 6.2 may be delivered by posting such documents electronically with notice of such posting to the Administrative
Agent and if so posted, shall be deemed to have been delivered on the date (i) on which the Borrower posts such documents, or provides
a link thereto on the Borrower’s website or (ii) on which such documents are posted on the Borrower’s behalf on the Platform.

6.3       Payment
of Taxes.

Pay, discharge or otherwise
satisfy at or before maturity or before they become delinquent, as the case may be, all its Taxes, governmental assessments and governmental
charges (other than Indebtedness), except (a) where the amount or validity thereof is currently being contested in good faith by appropriate
proceedings and reserves required in conformity with GAAP with respect thereto have been provided on the books of the Borrower or its
Restricted Subsidiaries, as the case may be, or (b) to the extent that failure to pay or satisfy such obligations would not reasonably
be expected to have a Material Adverse Effect.

6.4       Conduct
of Business and Maintenance of Existence, etc.; Compliance

(a)       Preserve
and keep in full force and effect its corporate or other existence and take all reasonable action to maintain all rights, privileges and
franchises necessary in the normal conduct of its business, except, in each case, as otherwise permitted by Section 7.4
or except to the extent that failure to do so would not reasonably be expected to have a Material Adverse Effect; and

(b)       comply
with all Requirements of Law (including ERISA, Environmental Laws, and the USA Patriot Act) except to the extent that failure to comply
therewith would not reasonably be expected to have a Material Adverse Effect; provided, that with respect to Environmental
Laws, none of the Borrower or any Restricted Subsidiary shall be required to undertake any remedial action required by Environmental Laws
to the extent that its obligation to do so is being contested in good faith and by proper proceedings and appropriate reserves are being
maintained with respect to such circumstances in accordance with GAAP.

6.5       Maintenance
of Property; Insurance.

(a)       Keep
all Property useful and necessary in its business in reasonably good working order and condition, ordinary wear and tear excepted, except
where the failure to do so would not reasonably be expected to have a Material Adverse Effect.

(b)       Take
all commercially reasonable steps, including in any proceeding before the United States Patent and Trademark Office or the United States
Copyright Office, to maintain and pursue each application (and to obtain the relevant registration) and to maintain each registration
of the United States Intellectual Property owned by the Borrower or its Restricted Subsidiaries, including filing of applications for
renewal, affidavits of use and affidavits of incontestability, except where the failure to do so would not reasonably be expected to have
a Material Adverse Effect.

(c)       Maintain
insurance with financially sound and reputable insurance companies on all its Property that is necessary in, and material to, the conduct
of business by the Borrower and its Restricted 

    	 	153	 

     

    

Subsidiaries, taken as a whole, in at least such amounts and against at least such risks
as are usually insured against in the same general area by companies engaged in the same or a similar business, and use its commercially
reasonable efforts to ensure that all such material insurance policies shall, to the extent customary (but in any event, not including
business interruption insurance and personal injury insurance) name the Collateral Agent or, in the case of the Term Facility First Priority
Collateral, the Designated Term Loan Agent, as applicable, as additional insured party or loss payee.

(d)       With
respect to any Mortgaged Properties, if at any time the area in which the Premises (as defined in the Mortgages, if any) are located is
designated a “flood hazard area” in any Flood Insurance Rate Map published by the Federal Emergency Management Agency (or
any successor agency), with respect to which flood insurance has been made available under Flood Insurance Laws, the applicable Loan Party
(A) will promptly upon notice thereof obtain and maintain, with financially sound and reputable insurance companies (except to the extent
that any insurance company insuring the Mortgaged Property of the Loan Party ceases to be financially sound and reputable after the Closing
Date, in which case, such Loan Party shall promptly replace such insurance company with a financially sound and reputable insurance company),
flood insurance in such reasonable total amount as the Collateral Agent may from time to time reasonably require (such amount not to exceed
100% of the full replacement cost of the improvements on such Premises), and otherwise sufficient to comply with all applicable rules
and regulations promulgated pursuant to the Flood Insurance Laws; provided, that a portion of such flood insurance may be
obtained under the Flood Insurance Laws, (B) promptly upon request of the Collateral Agent or any Lender, will deliver to the Collateral
Agent evidence of such compliance in form and substance reasonably acceptable to the Collateral Agent, including, without limitation,
evidence of annual renewals of such insurance and (C) name the Collateral Agent as lender loss payee and mortgagee with respect to such
flood insurance.

6.6       Inspection
of Property; Books and Records; Discussions.

(a)       Keep
proper books of records and accounts in a manner to allow financial statements to be prepared in conformity with GAAP (or, with respect
to Subsidiaries organized outside of the United States, the local accounting standards applicable to the relevant jurisdiction; provided,
that, to the extent that any such Subsidiary is permitted to prepare financial statements in accordance with different local accounting
standards, such Subsidiary shall continue to apply the local accounting standard applied as of the Closing Date (as such standard may
be updated or revised from time to time and, for the avoidance of doubt, with any discretions, judgments and elections afforded by such
local accounting standard, including any changes in the application of such discretions, judgments and elections as such Subsidiary shall
determine) except to the extent of changes between local accounting standards required by applicable law or regulation).

(b)       Permit
representatives designated by the Administrative Agent to visit and inspect any of its properties and examine and make abstracts from
any of its books and records upon reasonable notice and at such reasonable times during normal business hours (provided,
that (i) such visits shall be limited to no more than one such visit per calendar year at each facility, (ii) such visits by the Administrative
Agent shall be at the Administrative Agent’s expense, except in the case of the foregoing clauses (i) and (ii)
during the continuance of an Event of Default and (iii) such visits shall not be for the purposes set forth under Section 6.14,
it being understood that Section 6.14 shall govern discussions as set forth thereunder exclusively).

(c)       Permit
representatives designated by the Administrative Agent to have reasonable discussions regarding the business, operations, properties and
financial and other condition of the Borrower and its Restricted Subsidiaries with officers of the Borrower and its Restricted Subsidiaries
upon reasonable notice and at such reasonable times during normal business hours (provided, that (i) a 

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Responsible Officer
of the Borrower shall be afforded the opportunity to be present during such discussions, (ii) such discussions shall be coordinated by
the Administrative Agent, (iii) such discussions shall be limited to no more than once per calendar year except during the continuance
of an Event of Default and (iv) such discussions shall not be for the purposes set forth under Section 6.14, it being understood
that Section 6.14 shall govern discussions as set forth thereunder exclusively).

(d)       Permit
representatives of the Administrative Agent to have reasonable discussions regarding the business, operations, properties and financial
and other condition of the Borrower and its Restricted Subsidiaries with its independent certified public accountants to the extent permitted
by the internal policies of such independent certified public accountants upon reasonable notice and at such reasonable times during normal
business hours (provided, that (i) a Responsible Officer of the Borrower shall be afforded the opportunity to be present
during such discussions, (ii) such discussions shall be limited to no more than once per calendar year except during the continuance of
an Event of Default and (iii) such discussions shall not be for the purposes set forth under Section 6.14, it being understood
that Section 6.14 shall govern discussions as set forth thereunder exclusively).

Notwithstanding anything to the contrary in
this Section 6.6 or Section 6.14, none of the Borrower or any of the Restricted Subsidiaries will be required
to disclose, permit the inspection, examination or making copies or abstracts of, or discuss, any document, information or other matter
that (i) constitutes non-financial trade secrets or non-financial proprietary information, (ii) in respect of which disclosure to the
Administrative Agent or any Lender (or their respective representatives or contractors) is prohibited or restricted by Requirements of
Law or any binding agreement or obligation, (iii) is subject to attorney-client or similar privilege or constitutes attorney work product
or (iv) constitutes classified information.

6.7       Notices.

Promptly upon a Responsible
Officer of the Borrower obtaining knowledge thereof, give notice to the Administrative Agent of:

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

(b)       any
litigation, investigation or proceeding which may exist at any time between the Borrower or any of its Restricted Subsidiaries and any
other Person, that in either case, would reasonably be expected to have a Material Adverse Effect;

(c)       the
occurrence of any Reportable Event, where there is any reasonable likelihood of the imposition of liability on any Loan Party as a result
thereof that would reasonably be expected to have a Material Adverse Effect;

(d)       (i)       the aggregate Revolving Extensions of Credit exceed the Tranche A
Availability then in effect as a result of a decrease therein,

(ii)       (A)       the
aggregate Tranche A Revolving Extensions of Credit exceed the Tranche A Availability then in effect as a result of a decrease therein
and

(B)        the
aggregate Tranche A Revolving Extension of Credit plus the aggregate outstanding principal amount of the SISO Term Loans exceeds the Tranche
A Borrowing Base then in effect as a result of a decrease therein and

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(iii)       the
aggregate principal amount of the Tranche B Term Loans exceeds the Tranche B Borrowing Base then in effect as a result of a decrease therein,

in each case, the Borrower shall comply with
the terms of Section 2.12(b);

(e)       (A)
the occurrence of any “default” or “event of default” under and as defined in the BrandCo Credit Agreement (or
such similar term) and (B) the termination of any BrandCo License Documents or receipt of notice of termination with respect to any BrandCo
License Documents;

(f)       any
other development or event that has had or would reasonably be expected to have a Material Adverse Effect;

(g)       the
beginning of a Liquidity Event Period; and

(h)       the
beginning of a Cash Dominion Period.

Each notice pursuant to Section 6.7
shall be accompanied by a statement of a Responsible Officer setting forth in reasonable detail the occurrence referred to therein and
stating what action the Borrower or the relevant Restricted Subsidiary proposes to take with respect thereto.

6.8       Additional
Collateral, etc.

(a)       With
respect to any Property (other than Excluded Collateral) located in the United States (or with respect to Property of any Non-US
Guarantor, any Property (other than Excluded Collateral) located in jurisdiction of formation of such Non-US Guarantor or any other
jurisdiction in which such Non-US Guarantor has previously granted a security interest to secure the Obligations, in each case to
the extent required by the Security Documents to which such Non-US Guarantor is a party) having a value, individually or in the
aggregate, of at least $10,000,000 acquired after the Closing Date by the Borrower or any Subsidiary Guarantor (other than (i) any
interests in Real Property and any Property described in paragraph (c) or paragraph (d) of this Section
6.8, (ii) any Property subject to a Lien expressly permitted by Section 7.3(g) or 7.3(y), and
(iii) Instruments, Certificated Securities, Securities and Chattel Paper, which are referred to in the last sentence of this paragraph
(a)) as to which the Collateral Agent for the benefit of the Secured Parties does not have a perfected Lien, promptly (A)
give notice of such Property to the Collateral Agent and execute and deliver to the Collateral Agent such amendments to the
Guarantee and Collateral Agreement or such other documents as the Collateral Agent reasonably requests to grant to the Collateral
Agent for the benefit of the Secured Parties a security interest in such Property and (B) take all actions reasonably requested by
the Collateral Agent to grant to the Collateral Agent, for the benefit of the Secured Parties, a perfected security interest (to the
extent required by the Loan Documents and with the priority required by Section 4.17) in such Property (with respect
to Property of a type owned by the Borrower or any Subsidiary Guarantor as of the Closing Date to the extent the Collateral Agent,
for the benefit of the Secured Parties, has a perfected security interest in such Property as of the Closing Date), 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 Collateral Agent. If any amount in excess of $10,000,000 payable under
or in connection with any of the Collateral shall be or become evidenced by any Instrument, Certificated Security, Security or
Chattel Paper (or, if more than $10,000,000 in the aggregate payable under or in connection with the Collateral shall become
evidenced by Instruments, Certificated Securities, Securities or Chattel Paper), such Instrument, Certificated Security, Security or
Chattel Paper shall be promptly delivered to the Collateral Agent indorsed in a manner reasonably satisfactory to the Collateral
Agent to be held as Collateral pursuant to this Agreement (or, in the case of 

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any such Collateral that is Term Facility First
Priority Collateral, delivered to the Designated Term Loan Agent).

(b)       With
respect to any fee interest in any Material Real Property acquired after the Closing Date by the Borrower or any Subsidiary Guarantor
(other than Excluded Real Property), promptly:

(i)       give
notice of such acquisition to the Collateral Agent and, if requested by the Collateral Agent or the Borrower, execute and deliver a Mortgage
(subject to liens permitted by Section 7.3 or other encumbrances or rights permitted by the relevant Mortgage) in favor
of the Collateral Agent, for the benefit of the Secured Parties, covering such Real Property (provided, that no Mortgage
shall be obtained if the Administrative Agent reasonably determines in consultation with the Borrower that the costs of obtaining such
Mortgage are excessive in relation to the value of the security to be afforded thereby);

(ii)       if
a Mortgage has been requested with respect to Material Real Property pursuant to clause (i) above, then (A) if reasonably
requested by the Collateral Agent, provide the Lenders with a lenders’ title insurance policy with extended coverage covering such
Real Property in an amount equal to the purchase price (if applicable) or the Fair Market Value of the applicable Material Real Property,
as determined in good faith by the Borrower and reasonably acceptable to the Administrative Agent, as well as an ALTA survey thereof,
together with a surveyor’s certificate unless the title insurance policy referred to above shall not contain an exception for any
matter shown by a survey (except to the extent an existing survey has been provided and specifically incorporated into such title insurance
policy or if the Administrative Agent reasonably determines in consultation with the Borrower that the costs of obtaining such survey
are excessive in relation to the value of the security to be afforded thereby), each in form and substance reasonably satisfactory to
the Collateral Agent, and (B) comply with the requirements set forth in Section 6.5(d) with respect to such Material Real
Property; and

(iii)       if
reasonably requested by the Collateral Agent, deliver to the Collateral Agent customary legal opinions regarding the enforceability, due
authorization, execution and delivery of the Mortgages and such other matters reasonably requested by the Collateral Agent, which opinions
shall be in form and substance reasonably satisfactory to the Collateral Agent.

(c)       Except
as otherwise contemplated by Section 7.7(p), with respect to (x) any new Domestic Subsidiary that is a Non-Excluded Subsidiary
created or acquired after the Closing Date (which, for the purposes of this paragraph, shall include any Subsidiary that was previously
an Excluded Subsidiary that becomes a Non-Excluded Subsidiary) by the Borrower or any Subsidiary Guarantor or (y) any other Subsidiary
that the Borrower elects to designate as not constituting an “Excluded Subsidiary” pursuant to clause (y) of
the proviso to the definition thereof, promptly:

(i)       give
notice of such acquisition or creation to the Collateral Agent and, if requested by the Collateral Agent or the Borrower, execute
and deliver to the Collateral Agent such amendments to the Guarantee and Collateral Agreement or such other documents as the
Collateral Agent reasonably deems necessary to grant to the Collateral Agent, for the benefit of the Secured Parties, a perfected
security interest (to the extent required by the Security Documents and with the priority required by Section 4.17) in
the Capital Stock of such new Subsidiary that is owned by the Borrower or such Subsidiary Guarantor (as applicable);

(ii)       deliver
to the Collateral Agent (or, in the case of Pledged Securities that are Term Facility First Priority Collateral, the Designated Term Loan
Agent), the certificates, if any, representing such Capital Stock (other than Excluded Collateral), together with undated stock 

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powers,
in blank, executed and delivered by a duly authorized officer of the Borrower or such Subsidiary Guarantor (as applicable); and

(iii)       cause
such new Subsidiary (A) to become a party to the Guarantee and Collateral Agreement and (B) (x) to take such actions reasonably necessary
to grant to the Collateral Agent, for the benefit of the Secured Parties, a perfected security interest (to the extent required by the
Security Documents and with the priority required by Section 4.17) in the Collateral described in the Guarantee and Collateral
Agreement with respect to such new Subsidiary (to the extent the Collateral Agent, for the benefit of the Secured Parties, has a perfected
security interest in the same type of Collateral as of the Closing Date), 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
Collateral Agent and (y) comply with the provisions of Section 6.8(b) with respect to any Material Real Property (other
than Excluded Real Property) owned by such new Subsidiary.

Without limiting the foregoing, if (1) the
aggregate Consolidated Total Assets or annual consolidated revenues of all Restricted Subsidiaries designated as “Immaterial Subsidiaries”
hereunder shall at any time exceed 7.5% of Consolidated Total Assets or 5.0% of annual consolidated revenues, respectively, of the Borrower
and its Restricted Subsidiaries (based on the most recent financial statements delivered pursuant to Section 6.1 prior to
such time) or (2) if any Restricted Subsidiary shall at any time cease to constitute an Immaterial Subsidiary under the definition of
“Immaterial Subsidiary” (based on the most recent financial statements delivered pursuant to Section 6.1 prior
to such time), the Borrower shall promptly, (x) in the case of clause (1) above, rescind the designation as “Immaterial
Subsidiaries” of one or more of such Restricted Subsidiaries so that, after giving effect thereto, the aggregate Consolidated Total
Assets or annual consolidated revenues, as applicable, of all Restricted Subsidiaries so designated (and which designations have not been
rescinded) shall not exceed 7.5% of Consolidated Total Assets or 5.0% of annual consolidated revenues, respectively, of the Borrower and
its Restricted Subsidiaries (based on the most recent financial statements delivered pursuant to Section 6.1 prior to such
time), as applicable, and (y) in the case of clauses (1) and (2) above, to the extent not already effected,
(A) cause each affected Restricted Subsidiary to take such actions to become a “Subsidiary Guarantor” hereunder and under
the Guarantee and Collateral Agreement and execute and deliver the documents and other instruments referred to in this paragraph (c) to
the extent such affected Subsidiary is not otherwise an Excluded Subsidiary and (B) cause the owner of the Capital Stock of such affected
Restricted Subsidiary to take such actions to pledge such Capital Stock to the extent required by, and otherwise in accordance with, the
Guarantee and Collateral Agreement and execute and deliver the documents and other instruments required hereby and thereby unless such
Capital Stock otherwise constitutes Excluded Collateral.

(d)       Except
as otherwise contemplated by Section 7.7(p), with respect to any new first-tier Foreign Subsidiary created or acquired
after the Closing Date by the Borrower or any Subsidiary Guarantor, promptly (i) give notice of such acquisition or creation to the
Collateral Agent and, if requested by the Collateral Agent, execute and deliver to the Collateral Agent such amendments to the
Guarantee and Collateral Agreement or such other documents as the Collateral Agent reasonably deems necessary or reasonably
advisable in order to grant to the Collateral Agent, for the benefit of the Secured Parties, a perfected security interest (to the
extent required by the Security Documents and with the priority required by Section 4.17) in the Capital Stock of such
new Subsidiary (other than any Excluded Collateral) that is owned by the Borrower or such Subsidiary Guarantor (as applicable) and
(ii) deliver to the Collateral Agent (or, in the case of Pledged Securities that are Term Facility First Priority Collateral, the
Designated Term Loan Agent) the certificates, if any, representing such Capital Stock (other than any Excluded Collateral), together
with undated stock powers, in blank, executed and delivered by a duly authorized officer of the Borrower or such Subsidiary
Guarantor (as applicable).

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(e)       Notwithstanding
anything in this Section 6.8 or any Security Document to the contrary, (i) neither Holdings nor the Borrower nor any of
its Restricted Subsidiaries shall be required to take any actions in order to create or perfect the security interest in the Collateral
granted to the Collateral Agent for the benefit of the Secured Parties under the laws of any jurisdiction outside the United States (unless,
in the case of any Non-US Guarantor, such jurisdiction is the jurisdiction of organization for such Non-US Guarantor or such Non-US Guarantor
has previously granted a security interest in such jurisdiction to secure the Obligations, in each case to the extent required by the
Security Documents to which such Non-US Guarantor is a party), (ii) no control agreement shall be required with respect to (x) any Excluded
Account or (y) any other Deposit Accounts for which control agreements are not required under Section 6.15 and (iii) no
Liens shall be required to be pledged or created with respect to any of the following (collectively, the “Excluded Collateral”):

(A)        (x)
in the case of assets that would otherwise constitute Term Facility First Priority Collateral, any such asset at any time that does not
constitute Term Facility First Priority Collateral at such time (other than in connection with the Discharge of the Term Priority Claims
(as defined in the ABL Intercreditor Agreement)), (y) motor vehicles or other assets subject to certificates of title or (z) any “intent-to-use”
application for registration of a trademark or service mark filed pursuant to Section 1(b) of the Lanham Act, 15 U.S.C. § 1051, prior
to the filing of a “Statement of Use” pursuant to Section 1(d) of the Lanham Act or an “Amendment to Allege Use”
pursuant to Section 1(c) of the Lanham Act with respect thereto, solely to the extent, if any, that, and solely during the period, if
any, in which, the grant of a security interest therein would impair the validity or enforceability of any registration that issues from
such intent-to-use application under applicable federal law;

(B)        any
property or asset to the extent that such grant of a security interest is prohibited or effectively restricted by any applicable law (only
so long as such prohibition exists) or requires a consent not obtained of any Governmental Authority pursuant to such applicable laws;

(C)        any
Excluded Accounts and any Excluded Equity Securities;

(D)
       (w) any assets owned on or acquired after the Closing Date, to the extent that, and for so
long as, taking such actions would violate applicable law or regulation (after giving effect to Section 9-406(d), 9-407(a), 9-408 or
9-409 of the Uniform Commercial Code and other applicable law), (x) any assets acquired before or after the Closing Date, to the
extent that and for so long as such grant would violate an enforceable contractual obligation binding on such assets that existed at
the time of the acquisition thereof and was not created or made binding on such assets in contemplation or in connection with the
acquisition of such assets, (y) any assets (1) owned on the Closing Date or (2) acquired after the Closing Date, in each case in
this clause (y), securing Indebtedness of the type permitted pursuant to Section 7.2(c) (or other
Indebtedness permitted under Section 7.2(d), 7.2(j), 7.2(t) or 7.2(v) if
such Indebtedness is of the type that is contemplated by Section 7.2(c)) that is secured by a Lien permitted by Section
7.3 so long as the documents governing such Lien do not permit the pledge of such assets to the Collateral Agent, or (z) any
lease, license or other agreement, any asset embodying rights, priorities or privileges granted under such leases, licenses or
agreements, or any property subject to a purchase money security interest or similar arrangement to the extent that a grant of a
security interest therein would violate, breach or invalidate such lease, license or agreement or purchase money arrangement or
create a right of acceleration, modification, termination or cancellation in favor of any other party thereto (other than any Loan
Party) after giving effect to the applicable anti-assignment provisions of the Uniform Commercial Code or applicable law, other than

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proceeds and receivables thereof, and only for so long such prohibition exists and to the extent such prohibition was not creation
in contemplation of such grant;

(E)        (x)
any assets to the extent a security interest in such assets could reasonably be expected to result in material adverse tax consequences
(including as a result of the operation of Section 956 of the Code or any similar law or regulation in any applicable jurisdiction) as
reasonably determined in good faith by the Borrower, or (y) any assets as to which the Administrative Agent and the Borrower shall reasonably
determine that the costs and burdens of obtaining a security interest therein outweigh the value of the security afforded thereby;

(F)        any
leasehold interest in Real Property (and any Fixtures (as defined in the Guarantee and Collateral Agreement) relating thereto) and any
Fixtures relating to any owned Real Property to the extent that the Collateral Agent is not otherwise entitled to a security interest
with respect to such owned Real Property under the terms of this Agreement; and

(G)        any
owned Real Property other than Material Real Property, but in any event excluding any Excluded Real Property.

(f)       Notwithstanding
the foregoing, to the extent any new Restricted Subsidiary is created solely for the purpose of consummating a merger transaction pursuant
to an acquisition permitted by Section 7.7, and such new Subsidiary at no time holds any assets or liabilities other than
any merger consideration contributed to it substantially contemporaneously with the closing of such merger transaction, such new Subsidiary
shall not be required to take the actions set forth in Section 6.8(c) or 6.8(d), as applicable, until the
respective acquisition is consummated (at which time the surviving entity of the respective merger transaction shall be required to so
comply within ten Business Days (or such longer period as the Administrative Agent shall agree in its sole discretion)).

(g)       From
time to time the Loan Parties shall execute and deliver, or cause to be executed and delivered, such additional instruments,
certificates or documents, and take all such actions, as the Collateral Agent may reasonably request for the purposes implementing
or effectuating the provisions of this Agreement and the other Loan Documents, or of renewing the rights of the Secured Parties with
respect to the Collateral as to which the Collateral Agent, for the benefit of the Secured Parties, has a perfected Lien pursuant
hereto or thereto, including, without limitation, filing any financing or continuation statements or financing statement amendments
under the Uniform Commercial Code (or other similar laws, including the PPSA) in effect in any jurisdiction with respect to the
security interests created thereby and providing an updated perfection certificate (or schedule thereof); provided,
that (i) the scope and substance of such updated perfection certificate (or schedule thereof) shall not be broader than that of the
perfection certificate (or applicable schedule thereof) delivered by the Borrower on the Closing Date (after giving pro forma effect
to the joinder or Disposition of any Guarantors after the Closing Date), (ii) in lieu of providing such updated perfection
certificate (or schedule thereof), the Borrower may provide a certification that no changes have occurred since the most recent date
on which a perfection certificate (or applicable schedule thereof) was delivered by the Borrower and (iii) no more than one such
perfection certificate (or schedule thereof) shall be required during any 12-month period beginning on the Amendment No. 1 Effective
Date or any anniversary thereof; provided, that the Administrative Agent may request additional information,
including, an updated perfection certificate (or schedules thereof) if the Borrower or its subsidiaries consummate a material
transaction permitted pursuant to Section 7.4 or Dispose of or acquire material assets of the type identified on the
perfection certificate; provided, further, that in no event shall the Loan Parties be required to
deliver landlord lien waivers, estoppels or collateral access letters except as set forth in Section 6.16.
Notwithstanding the foregoing, the provisions of this Section 6.8 shall not apply to assets as to which the
Administrative Agent and the Borrower shall reasonably determine that the costs and burdens of obtaining a security

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 interest therein
or perfection thereof outweigh the value of the security afforded thereby. The Administrative Agent may grant extensions of time or
waivers of requirement for the creation or perfection of security interests in or the obtaining of insurance (including title
insurance) or surveys with respect to particular assets (including extensions beyond the Closing Date for the perfection of security
interests in the assets of the Loan Parties on such date) where it reasonably determines, in consultation with the Borrower, that
perfection or obtaining of such items cannot be accomplished without undue effort or expense by the time or times at which it would
otherwise be required by this Agreement or the other Loan Documents.

(h)       Notwithstanding
the foregoing, if (a) the Borrower or any Restricted Subsidiary acquires any Material Real Property (other than Excluded Real Property)
or (b) the Required Lenders or Administrative Agent shall have notified the Borrower in writing that they have or it has a reasonable
belief that either the Borrower or any of its Restricted Subsidiaries is in breach of its obligations under Section 6.4
(to the extent applicable to Environmental Law or Releases of Materials of Environmental Concern), then the Borrower shall deliver within
60 days after the Required Lenders or the Administrative Agent, as applicable, requests therefor or such longer period as the Administrative
Agent shall agree, at the Borrower’s cost and expense, an environmental assessment report, in the case of clause (b)
above of a scope reasonably appropriate to address the subject of the Required Lenders’ or the Administrative Agent’s, as
applicable, reasonable belief that such a breach exists, prepared by an environmental consulting firm reasonably acceptable to the Administrative
Agent, indicating the presence or absence of Materials of Environmental Concern or noncompliance with Environmental Law and the estimated
cost of any compliance, response or other corrective action to address any identified Materials of Environmental Concern, to the extent
required by Environmental Law, or noncompliance on such properties. Without limiting the generality of the foregoing, if the Administrative
Agent reasonably determines at any time that a material risk exists that any such report will not be provided within the time referred
to above, the Administrative Agent may retain an environmental consulting firm to prepare such report at the expense of the Borrower (which
report would be addressed to the Borrower), and the Borrower hereby grants and agrees to cause any Subsidiary that owns or leases any
property described in such request to grant the Administrative Agent, such firm and any agents or representatives thereof an irrevocable
non-exclusive license, subject to the rights of tenants or necessary consent of landlords, to enter onto their respective properties to
undertake such an assessment on behalf of the Borrower. By virtue of the foregoing, the Borrower does not intend to waive the attorney-client
privilege with respect to any information or advice provided by the environmental consulting firm.

6.9       Use
of Proceeds

Use proceeds of (i) any Revolving Loans borrowed
on the Closing Date to effect the Transactions (including, for the avoidance of doubt, to consummate the Refinancing), to pay the Transaction
Costs and any excess for other general corporate purposes of the Borrower and its Subsidiaries not prohibited by this Agreement and (ii)
any other Loans, Letters of Credit or Acceptances hereunder to finance Permitted Acquisitions and Investments permitted hereunder or for
other purposes of the Borrower and its Subsidiaries not prohibited by this Agreement.

6.10       Post-Closing

Satisfy the requirements set forth on Schedule
6.10, on or before the date set forth opposite such requirements or such later date as consented to by the Administrative Agent in
its reasonable discretion.

6.11       Credit
Ratings

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Use commercially reasonable efforts to maintain
a corporate credit rating from S&P and a corporate family rating from Moody’s, in each case, with respect to the Borrower but
not, in any such case, a specific rating.

6.12       Line
of Business

Continue to operate solely as a Permitted Business.

6.13       Changes
in Jurisdictions of Organization; Name

Provide prompt written notice to the Collateral
Agent of any change of name or change of jurisdiction of organization of any Loan Party, and deliver to the Collateral Agent all additional
executed financing statements, financing statement amendments and other documents reasonably requested by the Collateral Agent to maintain
the validity, perfection and priority of the security interests to the extent provided for in the Security Documents.

6.14       Appraisals
and Field Examinations.

(a)       The
Company may and, upon request of the Administrative Agent (or if the Administrative Agent has not so requested within 5 Business Days
after receipt of a written request from the Required Tranche A Revolving Lenders or the Required SISO
Term Lenders, upon the request of the Required Tranche A Revolving Lenders or the Required SISO Term Lenders), shall conduct, or cause
to be conducted (by professionals selected and engaged by the Administrative Agent), at its expense,
and present to the Administrative Agent for approval, (i) Appraisals of the assets included in the Tranche A Borrowing Base or
the Tranche B Borrowing Base and (ii) such other investigations and reviews as the Administrative Agent
(or the Required Tranche A Revolving Lenders or the Required SISO Term Lenders) shall request for
the purpose of determining the Tranche A Borrowing Base and the Tranche B Borrowing Base (which determination shall in each case apply
jointly to the foregoing), all upon reasonable notice and at such times during normal business hours and as often as may be reasonably
requested; provided, however, that unless a Default or Event of Default shall be continuing, the Administrative
Agent and the Lenders shall not request any such Appraisal, investigation and review prior to the first anniversary of the Closing Date
and shall request no more than two such Appraisals, investigations and reviews in the aggregate during any 12-month period beginning on
an anniversary of the Closing Date. The Company shall furnish to the Administrative Agent any information that the Administrative Agent
may reasonably request regarding the determination and calculation of the Tranche A Borrowing Base or the Tranche B Borrowing Base including
correct and complete copies of any invoices, underlying agreements, instruments or other documents and the identity of all Account Debtors
in respect of the Accounts referred to therein. Following the completion of any such Appraisals, investigations or reviews, the reports
and results of such Appraisals, investigations or reviews shall be delivered to the Lenders.

(b)       The
Administrative Agent may (or if the Administrative Agent has not done so within 5 Business Days after receipt of a written request
from the Required Tranche A Revolving Lenders or the Required SISO Term Lenders, Required Tranche A Revolving Lenders or Required
SISO Term Lenders may), at the Company’s sole cost and expense, (i) make test verifications of the Accounts and physical
verifications of Inventory in any manner and through any medium that the Administrative Agent (or such Lenders) reasonably consider
advisable and (ii) caused to be conducted customary field examinations of the ABL Facility First Priority Collateral, and the
Company shall furnish all such assistance and information as the Administrative Agent (or, if applicable, the Required Tranche A
Revolving Lenders or the Required SISO Term Lenders) may reasonably require in connection therewith;
provided, however, that unless a Default or Event of Default shall be continuing, the Administrative Agent and the Lenders 

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shall not
request any such verifications or customary field examinations prior to the first anniversary of the Closing Date and shall request
no more than two such verifications or two such customary field examinations in the aggregate during any 12-month period beginning
on an anniversary of the Closing Date. At any time and from time to time, upon the Administrative Agent’s request (or if the
Administrative Agent has not so requested within 5 Business Days after receipt of a written request from the Required Tranche A
Revolving Lenders or the Required SISO Term Lenders, upon the request of the Required Tranche A Revolving Lenders or the Required
SISO Term Lenders) and at the expense of the Company, the Company shall furnish to the Administrative Agent or such Lenders, as
applicable, reports reasonably satisfactory to the Administrative Agent showing reconciliations, aging and test verifications of,
and trial balances for, the Accounts; provided, however, that unless a Default or Event of Default shall
be continuing, the Administrative Agent and the Lenders shall not request any such report prior to the first anniversary of the
Closing Date and shall request no more than two such reports during any 12-month period beginning on the Closing Date or an
anniversary thereof. Following the completion of any field examinations, the reports and results of such field examinations
shall be delivered to the Lenders.

(c)       After
the Amendment No. 7 Amendment Date, there shall be at least two appraisals of Inventory, one appraisal of Equipment and one appraisal
of Real Property per each 12-month period, in each case, in a manner and cadence consistent with past-practices immediately prior to the
Amendment No. 7 Amendment Date.

6.15       Control
Accounts; Approved Deposit Accounts

From and after the date that is sixty (60)
days after the Closing Date or such later date as the Administrative Agent may agree in its sole discretion (except in the case of clause
(e) below):

(a)       The
Company shall, and shall cause each of the Subsidiary Guarantors to, except cash or Cash Equivalents subject to a Lien permitted under
Section 7.3(c), (d), (g) (solely to the extent securing Indebtedness permitted pursuant to Section
7.2(t) and only to the extent prohibited by the terms of the Indebtedness secured thereby), (j) (solely to the extent
prohibited by the terms of the Indebtedness secured thereby), (o), (p), (r), (t),
(bb), (kk) and (ee) (with respect to the foregoing clauses), (i) deposit in an Approved Deposit
Account all cash and all Proceeds (as defined in the Guarantee and Collateral Agreement) (or such similar term under and as defined in
the Security Documents of a Non-US Guarantor) of any Account or General Intangible (as defined in the Guarantee and Collateral Agreement)
(or such similar terms under and as defined in the Security Documents of a Non-US Guarantor) they receive from any other Person, (ii)
not maintain any funds or other assets in any Securities Accounts that is not a Control Account (except as otherwise provided in Section
7.3(ii) of the Guarantee and Collateral Agreement) and (iii) not establish or maintain any Deposit Account other than with a Deposit
Account Bank; provided, however, that the Company and the Subsidiary Guarantors may deposit cash into and
maintain Excluded Accounts.

(b)       The
Company shall, and shall cause each of the Subsidiary Guarantors, to instruct (or, with respect to General Intangibles, use commercially
reasonable efforts to instruct) each Account Debtor with a principal place of business located in the jurisdictions permitted in clause
(f) of the definition of “Eligible Receivables” obligated to make a payment to any of them under any Account or General
Intangible to make payment, or to continue to make payment, to an Approved Deposit Account.

(c)       In
the event (i) the Company, any Subsidiary Guarantor or any Deposit Account Bank shall, after the date hereof, terminate an agreement
with respect to the maintenance of an Approved Deposit Account for any reason, (ii) the Administrative Agent shall demand such
termination as a result of the failure of a Deposit Account Bank to comply in any material respect with the terms of the 

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applicable
Deposit Account Control Agreement or (iii) the Administrative Agent determines in its sole discretion exercised reasonably that the
financial condition of a Deposit Account Bank has materially deteriorated, the Company shall, and shall cause each Subsidiary
Guarantor to, notify all of their respective obligors that were making payments to such terminated Approved Deposit Account to make
all future payments to another Approved Deposit Account.

(d)       In
the event (i) the Company, any Subsidiary Guarantor or any Approved Securities Intermediary shall, after the date hereof, terminate an
agreement with respect to the maintenance of a Control Account for any reason, (ii) the Administrative Agent shall demand such termination
as a result of the failure of an Approved Securities Intermediary to comply with the terms of the applicable Securities Account Control
Agreement or (iii) the Administrative Agent determines in its sole discretion exercised reasonably that the financial condition of an
Approved Securities Intermediary has materially deteriorated, the Company shall, and shall cause each Subsidiary to Guarantor to, notify
all of its obligors that were making payments to such terminated Control Account to make all future payments to another Control Account.

(e)       The
Administrative Agent may establish one or more Cash Collateral Accounts with such depositaries and Securities Intermediaries as it in
its sole discretion shall determine to the extent expressly contemplated in any Loan Document and shall (or direct the Collateral Agent
to) apply the all funds on deposit in such Cash Collateral Account as so contemplated. Funds on deposit in any Cash Collateral Account
may be invested (but the Administrative Agent shall be under no obligation to make any such investment) in Cash Equivalents at the direction
of the Administrative Agent and, except during a Liquidity Event Period or the continuance of an Event of Default, the Administrative
Agent agrees with the Company to direct the Collateral Agent to issue Entitlement Orders for such investments in Cash Equivalents as requested
by the Company; provided, however, that neither the Administrative Agent nor the Collateral Agent shall have
any responsibility for, or bear any risk of loss of, any such investment or income thereon.

6.16       Landlord
Waiver and Bailee’s Letters

The Company shall, and shall cause each of
the Subsidiary Guarantors to, use commercially reasonable efforts to deliver Landlord Waivers and Bailee’s Letters pursuant to Section
6.10 and as the Administrative Agent shall request from time to time in connection with ABL Facility First Priority Collateral
included in the Tranche A Borrowing Base or the Tranche B Borrowing Base in its sole discretion exercised reasonably and in accordance
with customary business practices for comparable asset-based transactions.

6.17       Tax
Reporting

Promptly after the Company
determines that it intends to treat the Loans and the Letters of Credit and the related transactions contemplated hereby as a “reportable
transaction” (within the meaning of Treasury Regulation Section 1.6011-4), the Company shall give the Administrative Agent written
notice thereof and shall deliver to the Administrative Agent all U.S. Internal Revenue Service forms required in connection therewith.

6.18       Sanctions;
Anti-Corruption Laws.

The Borrower will
maintain in effect policies and procedures designed to promote compliance by Holdings, the Borrower, its Subsidiaries, and their
respective directors, officers, employees, and agents with applicable Sanctions and with the Anti-Corruption Law. The Borrower and
each Local Borrowing Subsidiary will not, directly or indirectly, use the proceeds of the Loans or use the Letters of 

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Credit or
Acceptances (i) to lend, contribute, provide or otherwise make available such proceeds to fund any activity or business in any
Designated Jurisdiction or to fund any activity or business of any Person located, organized or residing in any Designated
Jurisdiction or who is the target of any Sanctions, or in any other manner, in each case, that would result in any violation by any
party hereto (including any Lender, Lead Arranger, Administrative Agent, Issuing Lender or Swingline Lender) of Sanctions or (ii)
for any payments to any Person, governmental official or employee, political party, official of a political party, candidate for
political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any
improper advantage, in violation of any applicable Anti-Corruption Law.

6.19       People’s
Republic of China.

The Borrower shall, and
shall cause each of its Subsidiaries, to use commercially reasonable efforts to repatriate cash and Cash Equivalents located in the People’s
Republic of China to the extent (a) reasonably practicable under applicable law and regulation, (b) the Borrower determines (in its good
faith judgment) that the amount of cash and Cash Equivalents located in the People’s Republic of China at such time exceeds the
amount necessary to maintain Holdings and its Subsidiaries’ operations in the People’s Republic of China in the ordinary
course of business and (c) such repatriation does not result in material adverse tax consequences to Holdings or the Borrower or any
of its Subsidiaries as reasonably determined by the Borrower.

Section VII.

NEGATIVE COVENANTS

The Borrower hereby agrees
that, from and after the Closing Date, so long as the Commitments remain in effect, any Letter of Credit remains outstanding (that has
not been Cash Collateralized) or any Loan or other amount is owing to any Lender or any Agent hereunder (other than (i) contingent or
indemnification obligations not then due and (ii) obligations in respect of Specified Hedge Agreements, Specified Cash Management Obligations
or Specified Additional Obligations), the Borrower shall not, and shall not permit any of its Restricted Subsidiaries to:

7.1       Financial
Covenant.

Unless consented to by
the Required Tranche A Revolving Lenders and Required SISO Term Lenders, during a Liquidity Event Period, the Borrower shall not permit
the Financial Covenant Fixed Charge Coverage Ratio to be less than 1.00 to 1.00 as of the last day of the most recently ended Test Period
(commencing with the Test Period ended on or immediately prior to the commencement of such Liquidity Event Period).

7.2       Indebtedness

Create, issue, incur, assume, or permit to
exist any Indebtedness, except:

(a)       Indebtedness
of the Borrower and any of its Restricted Subsidiaries pursuant to this Agreement and any other Loan Document and any Permitted Refinancing
thereof;

(b)       unsecured
Indebtedness of the Borrower or any of its Restricted Subsidiaries owing to the Borrower or any of its Restricted Subsidiaries, provided,
that any such Indebtedness owing by a non-Loan Party to a Loan Party is permitted by Section 7.7 (other than by reference
to Section 7.2 or any clause thereof); provided, further, that such Indebtedness of the Borrower
or any of its Restricted Subsidiaries owing to a Loan Party may be secured by Liens permitted pursuant to Section 7.3(ff);

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(c)(i)
Capital Lease Obligations, and Indebtedness of the Borrower or any of its Restricted Subsidiaries incurred to finance or reimburse
the cost of the acquisition, development, construction, purchase, lease, repair, addition or improvement of any property (real or personal),
equipment or other assets used or useful in a Permitted Business, whether such property, equipment or assets were originally acquired
directly or as a result of the purchase of any Capital Stock of any Person owning such property, equipment or assets, in an aggregate
outstanding principal amount for this clause (i) not to exceed the sum of (A) the greater of (x) 10.0% of Consolidated Total
Assets, at the time of incurrence and (y) 10.0% of Consolidated Total Assets as of the Closing Date plus (B) $7,500,000,
plus (C) for each period of twelve consecutive months after December 31, 2019, an additional $7,500,000 and

(ii)       
subject to the last sentence of this Section 7.2, Permitted Refinancings in respect of the Indebtedness incurred pursuant
to clause (c)(i) above;

(d)(i)
Indebtedness outstanding or incurred pursuant to facilities outstanding on the Closing Date (after giving effect to the Transactions)
or committed to be incurred as of such date and, in each case, up to the aggregate principal amounts listed on Schedule 7.2(d)
and any Permitted Refinancing thereof and

(ii)       Indebtedness
incurred in connection with transactions permitted under Section 7.10 and any Permitted Refinancing thereof;

(e)       Guarantee
Obligations

(i)        by
the Borrower or any of its Restricted Subsidiaries of obligations of the Borrower or any Subsidiary Guarantor not prohibited by this Agreement
to be incurred; provided that any such Subsidiary that is not a Guarantor providing such Guarantee Obligations with respect
to Indebtedness of the Borrower in reliance on this clause (e) shall also provide a Guarantee with respect to the Obligations
on a pari passu basis with the Obligations,

(ii)        by
the Borrower or any Subsidiary Guarantor of obligations of Holdings, any Non-Guarantor Subsidiary or joint venture or other Person that
is not a Subsidiary to the extent permitted by Section 7.7 (other than by reference to Section 7.2 or any
clause thereof),

(iii)        by
any Non-Guarantor Subsidiary of obligations of any other Non-Guarantor Subsidiary; and

(iv)        by
any Non-Guarantor Subsidiary of the obligations of any other Person that is not a Subsidiary to the extent permitted by Section
7.7 (other than by reference to Section 7.2 or any clause thereof);

(f)       Indebtedness
of the Borrower or any of its Restricted Subsidiaries arising from the honoring by a bank or other financial institution of a check, draft
or similar instrument inadvertently drawn by the Borrower or such Restricted Subsidiary in the ordinary course of business against insufficient
funds, so long as such Indebtedness is promptly repaid;

(g)       [Reserved];

(h)       Indebtedness
in the form of earn-outs, indemnification, incentive, non-compete, consulting, ordinary course deferred purchase price, purchase price
adjustment or other similar arrangements and other contingent obligations in respect of the Transactions and other acquisitions or Investments
permitted by Section 7.7 (other than by reference to Section 7.2 or any clause thereof) (both

    	 	166	 

     

    

before or after any liability associated therewith
becomes fixed), including any such obligations which may exist on the Closing Date as a result of acquisitions consummated prior to the
Closing Date;

(i)       Indebtedness
of the Borrower and any of its Restricted Subsidiaries constituting (i) Permitted Revolving Refinancing Obligations (or, solely after
the occurrence of the Tranche A Revolving Discharge Date, the Permitted SISO Refinancing Obligations) and (ii) Permitted Refinancings
in respect of Indebtedness incurred pursuant to the preceding clause (i);

(j)(i)
Indebtedness of the Borrower or any other Loan Party in an aggregate principal amount (for the Borrower and such Loan Parties) not
to exceed $100,000,000 at any time outstanding,

(ii)       Indebtedness
of the Borrower and any of its Restricted Subsidiaries under the BrandCo Credit Agreement not to exceed the aggregate principal amounts
listed on Schedule 2.1 thereto as of the 2021 Notes Exchange Effective Date (being $1,833,010,391.30) and

(iii)        subject
to the last sentence of this Section 7.2, Permitted Refinancings in respect of the Indebtedness incurred pursuant to clauses
(j)(i) and (j)(ii) above; provided that

(a)        proceeds
of Indebtedness incurred pursuant to Section 7.2(j)(i) and any Permitted Refinancing thereof pursuant to this Section 7.2(j)(iii)
shall not be used to refinance, extend, renew, replace, modify or refund the 2024 Notes or for liability management purposes,

(b)        no
more than (x) $25,000,000 minus (y) the amount of secured Indebtedness incurred pursuant to Section 7.3(ll)(ii), of such
Indebtedness incurred pursuant to clause (j)(i) may be secured (1) by the ABL Facility First Priority Collateral on a junior
basis with the Liens securing the Obligations and (2) by the Term Facility First Priority Collateral on a senior basis with the Liens
securing the Obligations and on a pari passu basis with the Liens securing the obligations under the BrandCo Credit Agreement and

(c)        to
the extent secured, such Indebtedness incurred pursuant to Section 7.2(j)(i) and any Permitted Refinancing thereof pursuant
to this Section 7.2(j)(iii) may only be secured pursuant to Section 7.3(g);

(k)(i)
Indebtedness of Non-Guarantor Subsidiaries that are Foreign Subsidiaries outstanding under the Foreign Asset-Based Term Facility (as
in effect on the Amendment No. 7 Effective Date),

(ii)       Indebtedness
of Non-Guarantor Subsidiaries that are Foreign Subsidiaries under local or bilateral credit facilities for working capital and general
corporate purposes, in an aggregate principal amount, for purposes of this clause (k)(ii), not to exceed $50,000,000 at any time outstanding
and

(iii)        subject
to the last sentence of this Section 7.2, Permitted Refinancings in respect of the Indebtedness incurred pursuant to clause
(k)(i) and clause (k)(ii) above;

provided that the aggregate principal
amount of Indebtedness incurred under this Section 7.2(k) reduces the aggregate principal amount of Indebtedness that may
be secured by Liens incurred pursuant to Section 7.3(cc)(B);

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(l)       Indebtedness
of the Borrower or any of its Restricted Subsidiaries in respect of workers’ compensation claims, bank guarantees, warehouse receipts
or similar facilities, property casualty or liability insurance, take-or-pay obligations in supply arrangements, self-insurance obligations,
performance, bid, customs, government, VAT, duty, tariff, appeal and surety bonds, completion guarantees, and other obligations of a similar
nature, in each case in the ordinary course of business;

(m)       Indebtedness
incurred by the Borrower or any of its Restricted Subsidiaries arising from agreements providing for indemnification related to sales,
leases or other Dispositions of goods or adjustment of purchase price or similar obligations in any case incurred in connection with the
acquisition or Disposition of any business, assets or Subsidiary;

(n)       Indebtedness
supported by a Letter of Credit or a letter of credit issued under any revolving credit or letter of credit facility permitted by this
Section 7.2, including in respect of unpaid reimbursement obligations relating thereto, in a principal amount not in excess
of the stated amount of such Letter of Credit or letter of credit;

(o)       Indebtedness
issued in lieu of cash payments of Restricted Payments permitted by Section 7.6 (other than by reference to Section
7.2 or any clause thereof);

(p)       Indebtedness
of the Borrower or any Restricted Subsidiary under the Existing Notes Financing and (in the case of any 2024 Notes) any Permitted Refinancing
thereof; provided that any Permitted Refinancing of the 2024 Notes shall only be made pursuant to this clause (p);

(q)       Indebtedness
of the Borrower or any Restricted Subsidiary as an account party in respect of trade letters of credit issued in the ordinary course of
business or otherwise consistent with industry practice;

(r)       Indebtedness
(i) owing to any insurance company in connection with the financing of any insurance premiums permitted by such insurance company in the
ordinary course of business and (ii) in the form of pension and retirement liabilities not constituting an Event of Default, to the extent
constituting Indebtedness;

(s)(i)
Guarantee Obligations made in the ordinary course of business; provided, that such Guarantee Obligations are not of
Indebtedness for Borrowed Money,

(ii)        Guarantee
Obligations in respect of lease obligations of the Borrower and its Restricted Subsidiaries,

(iii)        Guarantee
Obligations in respect of Indebtedness of joint ventures; provided, that the aggregate principal amount of any such Guarantee
Obligations under this sub-clause (iii) shall not exceed the greater of (A) $25,000,000 and (B) 0.83% of Consolidated
Total Assets at the time of such incurrence, at any time outstanding,

(iv)        Guarantee
Obligations in respect of Indebtedness permitted by clause (r)(ii) above and

(v)        Guarantee
Obligations by the Borrower or any of its Restricted Subsidiaries of any Restricted Subsidiary’s purchase obligations under supplier
agreements and in respect of obligations of or to customers, distributors, franchisees, lessors, licensees and sublicensees; provided,
that such Guarantee Obligations are not of Indebtedness for Borrowed Money;

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(t)       (x)
Indebtedness (including pursuant to any factoring arrangements) of any Person that becomes a Restricted Subsidiary or is merged with or
into the Borrower or any of its Restricted Subsidiaries after the Closing Date (a “New Subsidiary”) or that
is associated with assets being purchased or otherwise acquired, in each case, as part of an acquisition, merger or consolidation or amalgamation
or other Investment not prohibited hereunder; provided, that (A) such Indebtedness exists at the time such Person
becomes a Restricted Subsidiary or is acquired, merged, consolidated or amalgamated by, with or into the Borrower or such Restricted Subsidiary
or when such assets are acquired and is not created in contemplation of or in connection with such Person becoming a Restricted Subsidiary
or with such merger (except to the extent such Indebtedness refinanced other Indebtedness to facilitate such Person becoming a Restricted
Subsidiary or to facilitate such merger) or such asset acquisition and (B) neither the Borrower nor any of its Restricted Subsidiaries
(other than the applicable New Subsidiary and its Subsidiaries) shall provide security or any guarantee therefor and (y) Permitted Refinancings
of the Indebtedness referred to in clause (x) of this paragraph (t);

(u)       (i)
Indebtedness incurred to finance any acquisition or Investment permitted under Section 7.7 to the extent (A) unsecured
at all times during the term of this Agreement and (B) in an aggregate outstanding principal amount for all such Indebtedness under this
clause (u)(i) not to exceed the greater of (x) $50,000,000 and (y) 1.5% of Consolidated Total Assets at the time
of such incurrence, at any time outstanding and (ii) subject to the last sentence of this Section 7.2, Permitted Refinancings
in respect of the Indebtedness incurred pursuant to clause (u)(i) above;

(v)(A)other
Indebtedness of the Borrower and its Subsidiaries so long as at the time of incurrence thereof:

(a)       if
unsecured, after giving pro forma effect to the incurrence of such Indebtedness and the intended use of proceeds thereof determined
as of the last day of the fiscal quarter most recently then ended for which financial statements have been delivered pursuant to Section
6.1, the Fixed Charge Coverage Ratio of the Borrower and its Restricted Subsidiaries shall be no less than 2.00 to 1.00;

(b)       if
secured on a junior basis to the Term Pari Passu Obligations, after giving pro forma effect to the incurrence of such Indebtedness
and the intended use of proceeds thereof determined as of the last day of the fiscal quarter most recently then ended for which financial
statements have been delivered pursuant to Section 6.1, the Consolidated Net Secured Leverage Ratio of the Borrower and
its Restricted Subsidiaries shall be no greater than 4.25 to 1.00;

(c)       if
secured on a pari passu basis with the Term Pari Passu Obligations, after giving pro forma effect to the incurrence of such Indebtedness
and the intended use of proceeds thereof determined as of the last day of the fiscal quarter most recently then ended for which financial
statements have been delivered pursuant to Section 6.1, the Consolidated Net First Lien Leverage Ratio of the Borrower and
its Restricted Subsidiaries shall be no greater than 3.50 to 1.00;

(d)       no
Event of Default shall be continuing immediately after giving effect to the incurrence of such Indebtedness; and

(e)       any
such Indebtedness that is secured by Collateral shall be subject to the ABL Intercreditor Agreement;

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provided, that
the amount of Indebtedness which may be incurred pursuant to this paragraph (v) by Non-Guarantor Subsidiaries and any Permitted Refinancings
thereof pursuant to clause (B) below shall not exceed, at any time outstanding $50,000,000; and

(B)       Permitted
Refinancings of any of the Indebtedness referred to in clause (A) of this paragraph (v) subject to the proviso thereof;

(w)       (i) Indebtedness
representing deferred compensation or stock-based compensation to employees of Holdings, any Parent Company, the Borrower or any Restricted
Subsidiary incurred in the ordinary course of business and (ii) Indebtedness consisting of obligations of the Borrower or any Restricted
Subsidiary under deferred compensation or other similar arrangements incurred in connection with the Transactions and any Investment permitted
hereunder;

(x)       Indebtedness
issued by the Borrower or any of its Restricted Subsidiaries to the officers, directors and employees of Holdings, any Parent Company,
the Borrower or any Restricted Subsidiary of the Borrower or their respective estates, trusts, family members or former spouses, in lieu
of or combined with cash payments to finance the purchase of Capital Stock of Holdings, any Parent Company or the Borrower, in each case,
to the extent such purchase is permitted by Section 7.6;

(y)       Indebtedness
(and Guarantee Obligations in respect thereof) in respect of overdraft facilities, employee credit card programs, netting services, automatic
clearinghouse arrangements and other cash management and similar arrangements in the ordinary course of business;

(z)       (i)
Indebtedness of the Borrower or any of its Restricted Subsidiaries undertaken in connection with cash management and related activities
with respect to any Subsidiary or joint venture in the ordinary course of business and (ii) Indebtedness of the Borrower or any of its
Restricted Subsidiaries to any joint venture (regardless of the form of legal entity) that is not a Subsidiary arising in the ordinary
course of business in connection with the cash management operations (including in respect of intercompany self-insurance arrangements);

(aa)(i) Indebtedness
of the Borrower and any of its Restricted Subsidiaries under the Term Loan Agreement or otherwise in an aggregate outstanding principal
amount not to exceed $887,000,000 (being the amount outstanding thereunder as of the Amendment No. 5 Effective Date), which amount shall
reduce, on a dollar-for-dollar basis, for additional amounts incurred pursuant Section 7.2(j) and Section 2.25 of the BrandCo Credit Agreement
(as in effect on the Amendment No. 5 Effective Date) after the Amendment No. 5 Effective Date, and (ii) subject to the last sentence of
this Section 7.2, Permitted Refinancings in respect of the Indebtedness incurred pursuant to clause (aa)(i)
above;

(bb)Indebtedness
to any Person (other than an Affiliate of the Borrower) in respect of the undrawn portion of the face amount of or unpaid reimbursement
obligations in respect of letters of credit not issued hereunder for the account of the Borrower or any of its Subsidiaries in an aggregate
amount at any one time outstanding not to exceed (x) $20,000,000, plus (y) an additional $30,000,000 to the extent that
the amounts incurred under this clause (y) are offset or secured by a counterpart deposit, compensating balance or a pledge
of cash deposits;

(cc)(i)
unsecured Indebtedness of the Borrower or a Subsidiary Guarantor to Holdings, any Parent Company or any Affiliate of the Borrower,
Holdings or any Parent Company in an aggregate principal amount at any time outstanding not to exceed $75,000,000; provided,
that (x) such Indebtedness is subordinated in right of payment of the Obligations, (y) the maturity date thereof shall not be earlier
than the Latest Maturity Date in effect at the time such Indebtedness is incurred and (z) such 

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Indebtedness shall not require the
payment of cash interest prior to the Latest Maturity Date in effect at the time such Indebtedness is incurred and

(ii)        subject
to the last sentence of this Section 7.2, Permitted Refinancings in respect of the Indebtedness incurred pursuant to clause
(cc)(i) above;

(dd)[reserved];
and

(ee)all
premiums (if any), interest (including post-petition interest), fees, expenses, charges, accretion or amortization of original issue discount,
accretion of interest paid in kind and additional or contingent interest on obligations described in clauses (a) through
(dd) above.

To the extent that any Indebtedness incurred
under Section 7.2(c), (d), (i), (j)(i), (j)(ii), (k),
(p), (t), (u), (aa) or (cc) is refinanced in a Permitted Refinancing under clause
(ii) or other clause of the relevant foregoing Section, then the aggregate outstanding principal amount of such Permitted Refinancing
shall be deemed to utilize the related basket under the relevant foregoing Section on a dollar for dollar basis (it being understood that
a Default shall be deemed not to have occurred solely to the extent that the incurrence of a Permitted Refinancing would cause the permitted
amount under such Section to be exceeded and such excess shall be permitted hereunder).

7.3       Liens

Create, incur, assume or
suffer to exist any Lien upon any of its Property, whether now owned or hereafter acquired, except for:

(a)       Liens
for Taxes not yet due or which are being contested in good faith by appropriate proceedings; provided, that adequate reserves
with respect thereto are maintained on the books of the Borrower or its Restricted Subsidiaries, as the case may be, to the extent required
by GAAP;

(b)       landlords’,
carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens arising in the ordinary
course of business which are not overdue for a period of more than 60 days or that are being contested in good faith by appropriate proceedings;

(c)       (i)
pledges, deposits or statutory trusts in connection with workers’ compensation, unemployment insurance and other social security
legislation and (ii) Liens incurred in the ordinary course of business securing liability for reimbursement or indemnification obligations
of insurance carriers providing property, casualty or liability insurance to the Borrower or any of its Restricted Subsidiaries in respect
of such obligations;

(d)       deposits
and other Liens to secure the performance of bids, government, trade and other similar contracts (other than for borrowed money), leases,
subleases, statutory or regulatory obligations, surety, judgment and appeal bonds, performance bonds and other obligations of a like nature
and liabilities to insurance carriers incurred in the ordinary course of business;

(e)       (i)
Liens and encumbrances shown as exceptions in the title insurance policies insuring the Mortgages, and (ii) easements, zoning restrictions,
rights-of-way, leases, licenses, covenants, conditions, restrictions and other similar encumbrances incurred in the ordinary course of
business that, in the aggregate, do not materially interfere with the ordinary conduct of the business of the Borrower or any of its Restricted
Subsidiaries;

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(f)       Liens
(i) in existence on the Closing Date (after giving effect to the Transactions) listed on Schedule 7.3(f) (or to the extent not
listed on such Schedule 7.3(f), where the Fair Market Value of the Property to which such Lien is attached is less than $10,000,000),
(ii) securing Indebtedness permitted by Section 7.2(d) and (iii) created after the Closing Date in connection with any refinancing,
refundings, or renewals or extensions thereof permitted by Section 7.2(d); provided, that no such Lien is
spread to cover any additional Property of the Borrower or any of its Restricted Subsidiaries after the Closing Date unless such Lien
utilizes a separate basket under this Section 7.3;

(g)(i)
Liens securing Indebtedness of the Borrower or any of its Restricted Subsidiaries incurred pursuant to Sections 7.2(c),
7.2(e), and 7.2(i) (provided that no such Lien securing debt pursuant to Section 7.2(i)
shall apply to any other Property of the Borrower or any of its Restricted Subsidiaries that is not Collateral (or does not concurrently
become Collateral) unless such Lien utilizes a separate basket under this Section 7.3) and Sections 7.2(j)(i),
7.2(k), 7.2(r), 7.2(s), 7.2(t) and 7.2(v); provided,
that

(A)        in the case
of any such Liens securing Indebtedness pursuant to Section 7.2(k), such Liens do not at any time encumber any Property
of the Borrower or any Subsidiary Guarantor, 

(B)        in
the case of any such Liens securing Indebtedness incurred pursuant to Section 7.2(r), such Liens do not encumber any Property
other than cash paid to any such insurance company in respect of such insurance,

(C)        in
the case of any such Liens securing Indebtedness pursuant to Section 7.2(t)(x), such Liens exist at the time that the relevant
Person becomes a Restricted Subsidiary or such assets are acquired and are not created in contemplation of or in connection with such
Person becoming a Restricted Subsidiary or the acquisition of such assets (except to the extent such Liens secure Indebtedness which refinanced
other secured Indebtedness to facilitate such Person becoming a Restricted Subsidiary or to facilitate the merger, consolidation or amalgamation
or other acquisition of assets referred to in such Section 7.2(t)(x)),

(D)        in
the case of Liens securing Guarantee Obligations pursuant to Section 7.2(e), the underlying obligations are secured by a
Lien permitted to be incurred pursuant to this Agreement and

(E) in the case of
any such Liens securing Indebtedness pursuant to Section 7.2(j)(i), no more than (x) $25,000,000 minus (y) the amount of
secured Indebtedness incurred pursuant to Section 7.3(ll)(ii), of such Indebtedness may be secured (1) by the ABL Facility
First Priority Collateral on a junior basis with the Liens securing the Obligations and (2) by the Term Facility First Priority Collateral
on a senior basis with the Liens securing the Obligations and on a pari passu basis with the Liens securing the obligations under the
BrandCo Credit Agreement and

(ii)        any
extension, refinancing, renewal or replacement of the Liens described in clause (i) of this Section 7.3(g)
in whole or in part; provided, that such extension, renewal or replacement shall be limited to all or a part of the property
which secured (or was permitted to secure) the Lien so extended, renewed or replaced (plus improvements on such property, if any);

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(h)       Liens
created pursuant to the Loan Documents or any other Lien securing all or a portion of the Obligations or any obligations in respect of
a Permitted Refinancing thereof in accordance with Section 7.2;

(i)       Liens
arising from judgments in circumstances not constituting an Event of Default under Section 8.1(h);

(j)       Liens
on Property or assets acquired pursuant to an acquisition permitted under Section 7.7 (and the proceeds thereof) or assets
of a Restricted Subsidiary in existence at the time such Restricted Subsidiary is acquired pursuant to an acquisition permitted under
Section 7.7 and not created in contemplation thereof and Liens created after the Closing Date in connection with any refinancing,
refundings, replacements or renewals or extensions of the obligations secured thereby permitted hereunder, provided, that
no such Lien is spread to cover any additional Property (other than other Property of such Restricted Subsidiary or the proceeds or products
of the acquired assets or any accessions or improvements thereto and after-acquired property, subjected to a Lien pursuant to terms existing
at the time of such acquisition) after the Closing Date (unless such Lien utilizes a separate basket under this Section 7.3);

(k)       (i)
Liens on Property of Non-Guarantor Subsidiaries securing Indebtedness or other obligations not prohibited by this Agreement to be incurred
by such Non-Guarantor Subsidiaries and (ii) Liens securing Indebtedness or other obligations of the Borrower or any of its Restricted
Subsidiaries in favor of any Loan Party;

(l)       receipt
of progress payments and advances from customers in the ordinary course of business to the extent same creates a Lien on the related inventory
and proceeds thereof;

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

(n)       Liens
arising out of consignment or similar arrangements for the sale by the Borrower and its Restricted Subsidiaries of goods through third
parties in the ordinary course of business or otherwise consistent with past practice;

(o)       Liens
solely on any cash earnest money deposits made by the Borrower or any of its Restricted Subsidiaries in connection with an Investment
permitted by Section 7.7;

(p)       Liens
deemed to exist in connection with Investments permitted by Section 7.7(b) that constitute repurchase obligations;

(q)       Liens
upon specific items of inventory, equipment or other goods and proceeds of the Borrower or any of its Restricted Subsidiaries arising
in the ordinary course of business securing such Person’s obligations in respect of bankers’ acceptances and letters of credit
issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory, equipment or other
goods;

(r)       Liens
(i) on cash deposits securing any Hedge Agreements permitted hereunder, and not for speculative purposes, in an aggregate amount not
to exceed $10,000,000 at any time outstanding or (ii) securing Hedge Agreements of the Borrower and its Restricted Subsidiaries entered
into in the ordinary course of business for the purpose of providing foreign exchange for their respective operating requirements or
of hedging interest rate or currency exposure, and not for speculative purposes;

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(s)       any
interest or title of a lessor under any leases or subleases entered into by the Borrower or any of its Restricted Subsidiaries in the
ordinary course of business and any financing statement filed in connection with any such lease;

(t)       Liens
on cash and Cash Equivalents (including the net proceeds of the incurrence of Indebtedness) used to defease or to satisfy and discharge
or redeem or repurchase Indebtedness, provided, that such defeasance or satisfaction and discharge or redemption or repurchase
is not prohibited hereunder;

(u)       (i)
Liens that are contractual rights of set-off (A) relating to the establishment of depository relations with banks not given in connection
with the issuance of Indebtedness, (B) relating to pooled deposit or sweep accounts of the Borrower or any of its Restricted Subsidiaries
to permit satisfaction of overdraft or similar obligations incurred in the ordinary course of business of the Borrower and its Restricted
Subsidiaries or (C) relating to purchase orders and other agreements entered into with distributors, clients, customers, vendors or suppliers
of the Borrower or any of its Restricted Subsidiaries in the ordinary course of business, (ii) other Liens securing cash management obligations
in the ordinary course of business and (iii) Liens encumbering reasonable and customary initial deposits and margin deposits in respect
of, and similar Liens attaching to, commodity trading accounts and other brokerage accounts incurred in the ordinary course of business
and not for speculative purposes;

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

(w)       Liens
on Capital Stock in joint ventures and other non-wholly owned entities securing obligations of such joint venture or entity and options,
put and call arrangements, rights of first refusal and similar rights relating to Capital Stock in joint ventures and other non-wholly
owned entities;

(x)       Liens
securing obligations in respect of trade-related letters of credit permitted under Section 7.2 and covering the goods (or
the documents of title in respect of such goods) financed by such letters of credit and the proceeds and products thereof;

(y)       other
Liens with respect to obligations the principal amount of which do not exceed $25,000,000 at any time outstanding;

(z)       licenses,
sublicenses, cross-licensing or pooling of, or similar arrangements with respect to, Intellectual Property granted by the Borrower or
any of its Restricted Subsidiaries which do not interfere in any material respect with the ordinary conduct of the business of the Borrower
or such Restricted Subsidiary;

(aa)Liens
arising from precautionary UCC financing statement filings (or other similar filings in non-U.S. jurisdictions) regarding leases, subleases,
licenses or consignments, in each case, entered into by the Borrower or any of its Restricted Subsidiaries;

(bb)Liens
on cash and Cash Equivalents (and the related escrow accounts) in connection with the issuance into (and pending the release from) escrow
of, any Permitted Revolving Refinancing Obligations (or solely after the occurrence of the Tranche A Revolving Discharge Date, any Permitted
SISO Refinancing Obligations), any Indebtedness permitted under Section 7.2 and, in each case, any Permitted Refinancing
thereof;

(cc)(A)
Liens on the Collateral securing (i) Indebtedness incurred pursuant to Section 7.2(aa), (ii) Term Designated Banking Services
Obligations, (iii) Term Designated Swap Obligations and

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(iv) Term Designated Additional
Obligations and (B) Liens on assets of Foreign Subsidiaries securing Indebtedness incurred pursuant to Section 7.2(aa)
for working capital and general corporate purposes, provided that the aggregate principal amount of Indebtedness
secured by any such Liens reduces the aggregate principal amount of Indebtedness that may be incurred pursuant to Section
7.2(k) and all obligors with respect to such Indebtedness incurred pursuant to this Section 7.3(cc)(B) also
Guarantee the Obligations; provided, further, that any such Liens on the Collateral incurred pursuant to this Section
7.3(cc) shall be subject to the ABL Intercreditor Agreement;

(dd)(i)
zoning or similar laws or rights reserved to or vested in any Governmental Authority to control or regulate the use of any real property
and (ii) Liens in favor of the United States of America for amounts paid by the Borrower or any of its Restricted Subsidiaries as progress
payments under government contracts entered into by them (provided, that no such Lien described in this clause (ii)
shall encumber any Collateral);

(ee)any
extension, renewal or replacement of any Liens permitted by this Section 7.3; provided, that the Liens permitted
by this clause (ee) shall not extend to or cover any additional Indebtedness (other than applicable Permitted Refinancings)
or property (other than the proceeds or products thereof or any accessions or improvements thereto and after-acquired property subjected
to a Lien pursuant to terms no broader than the equivalent terms existing at the time of such extension, renewal or replacement, and other
than a substitution of like property) unless such Lien uses a separate basket under this Section 7.3;

(ff)Liens
in favor of the Borrower or any Subsidiary Guarantor securing Indebtedness permitted under Section 7.2(b); provided,
that to the extent such Liens are on the Collateral such Liens shall be junior to the Liens on the Collateral securing the Obligations
and subject to a Junior Intercreditor Agreement;

(gg)Liens
on inventory or equipment of the Borrower or any Restricted Subsidiary granted in the ordinary course of business to the Borrower’s
or such Restricted Subsidiary’s (as applicable) distributor, vendor, supplier, client or customer at which such inventory or equipment
is located;

(hh)other
Liens incidental to the conduct of business of the Borrower and its Restricted Subsidiaries or the ownership of any of their assets not
incurred in connection with Indebtedness, which Liens do not in any case materially detract from the value of the Property subject thereto
or interfere with the ordinary course of business of the Borrower or any of its Restricted Subsidiaries;

(ii)       [reserved];

(jj)Liens
securing Indebtedness permitted under Section 7.2(j)(ii); provided that any such Liens on the Collateral shall be
subject to the ABL Intercreditor Agreement and the Pari Passu Intercreditor Agreement, as applicable;

(kk)Liens
on cash deposits in respect of Indebtedness permitted under Section 7.2(n) or 7.2(bb); provided,
that, with respect to Indebtedness permitted under Section 7.2(bb)(y), the amount of any such deposit does not exceed the
amount of the Indebtedness such cash deposits secures;

(ll)Liens
on the Collateral securing Indebtedness permitted under Section ý7.2(p)
and Permitted Refinancings in respect thereof; provided, that such Liens shall be junior to the Liens on the Collateral
securing the Obligations and subject to a Junior Intercreditor Agreement provided that the amount of obligations permitted
to be secured by Liens shall not exceed $450,000,000; and

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(mm)Liens
on all premiums (if any), interest (including post-petition interest), fees, expenses, charges, accretion or amortization of original
issue discount, accretion of interest paid in kind and additional or contingent interest on obligations permitted to be incurred pursuant
to Sections 7.2(a) through (dd) and the subject of any Lien permitted pursuant to clauses (a)
through (ll) above.

7.4       Fundamental
Changes

Consummate any merger,
consolidation or amalgamation, 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 Restricted Subsidiary may be merged, amalgamated or consolidated with or into, or be liquidated into, the Borrower (provided,
that the Borrower shall be the continuing or surviving corporation) or (ii) any Restricted Subsidiary may be merged, amalgamated or consolidated
with or into, or be liquidated into, any Subsidiary Guarantor (provided, that (x) a Subsidiary Guarantor shall be the continuing
or surviving corporation or (y) substantially simultaneously with such transaction, the continuing or surviving corporation shall become
a Subsidiary Guarantor and the Borrower shall comply with Section 6.8 in connection therewith);

(b)       any
Non-Guarantor Subsidiary may be merged or consolidated with or into, or be liquidated into, any other Non-Guarantor Subsidiary that is
a Restricted Subsidiary;

(c)       any
Restricted Subsidiary may Dispose of all or substantially all of its assets upon voluntary liquidation or otherwise to any Loan Party;

(d)       any
Non-Guarantor Subsidiary may Dispose of all or substantially all of its assets (upon voluntary liquidation, dissolution, winding-up or
otherwise) to any other Non-Guarantor Subsidiary that is a Restricted Subsidiary or to Holdings;

(e)       Dispositions
permitted by Section 7.5 (other than Section 7.5(c)) and any merger, dissolution, liquidation, consolidation,
amalgamation, investment or Disposition, the purpose of which is to effect a Disposition permitted by Section 7.5 (other
than Section 7.5(c)), may be consummated;

(f)       any
Investment expressly permitted by Section 7.7 (other than Section 7.7(o)) may be structured as a merger, consolidation
or amalgamation;

(g)       The
Borrower and its Restricted Subsidiaries may consummate the Transactions;

(h)       any
Restricted Subsidiary may liquidate or dissolve if (i) the Borrower determines in good faith that such liquidation or dissolution is in
the best interest of the Borrower and is not materially disadvantageous to the Lenders and (ii) to the extent such Restricted Subsidiary
is a Loan Party, any assets or business of such Restricted Subsidiary not otherwise disposed of or transferred in accordance with Section
7.4 or 7.5 or, in the case of any such business, discontinued, shall be transferred to, or otherwise owned or conducted
by, a Loan Party after giving effect to such liquidation or dissolution;

(i)       any
Escrow Entity may be merged with and into the Borrower or any Restricted Subsidiary (provided that the Borrower or such
Restricted Subsidiary shall be the continuing or surviving entity); and

(j)       if
at the time thereof and immediately after giving effect thereto no Default or Event of Default shall have occurred and be continuing
or would result therefrom, any Person may be merged,

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amalgamated or consolidated with or into the Borrower, provided, that
(A) the Borrower shall be the surviving entity or (B) if the surviving entity is not the Borrower (such other person, the “Successor
Borrower”), (1) the Successor Borrower shall be an entity organized or existing under the laws of the United States, any
state thereof, the District of Columbia or any territory thereof, (2) the Successor Borrower shall expressly assume all the obligations
of the Borrower under this Agreement and the other Loan Documents pursuant to a supplement hereto or thereto in form reasonably satisfactory
to the Administrative Agent, (3) each Guarantor, unless it is the other party
to such merger or consolidation, shall have by a supplement to the Guarantee and Collateral Agreement confirmed that its guarantee thereunder
shall apply to any Successor Borrower’s obligations under this Agreement, (4) each Guarantor, unless it is the other party to such
merger or consolidation, shall have by a supplement to any applicable Security Document affirmed that its obligations thereunder shall
apply to its guarantee as reaffirmed pursuant to clause (3), (5) each mortgagor of a Mortgaged Property, unless it is the
other party to such merger or consolidation, shall have affirmed that its obligations under the applicable Mortgage shall apply to its
guarantee as reaffirmed pursuant to clause (3) and (6) the Successor Borrower shall deliver to the Administrative Agent
(x) an officer’s certificate stating that such merger or consolidation does not violate this Agreement or any other Loan Document
and (y) if requested by the Administrative Agent, an opinion of counsel to the effect that such merger or consolidation does not violate
this Agreement or any other Loan Document and covering such other matters as are contemplated by the opinions of counsel delivered on
the Closing Date pursuant to Section 5.1(e) (it being understood that if the foregoing are satisfied, the Successor Borrower
will succeed to, and be substituted for, the Borrower under this Agreement).

7.5       Dispositions
of Property

Dispose of any of its owned
Property (including receivables) whether now owned or hereafter acquired, or, in the case of any Restricted Subsidiary, issue or sell
any shares of such Restricted Subsidiary’s Capital Stock (other than directors’ qualifying shares) to any Person, except:

(a)       (i)
the Disposition of surplus, obsolete, damaged or worn out Property (including scrap and byproducts) in the ordinary course of business,
Dispositions of Property no longer used or useful or economically practicable to maintain in the conduct of the business of the Borrower
and other Restricted Subsidiaries in the ordinary course and Dispositions of Property necessary in order to comply with applicable Requirements
of Law or licensure requirements (in each case, as determined by the Borrower in good faith), (ii) the sale of defaulted receivables in
the ordinary course of business, (iii) abandonment, cancellation or disposition of any Intellectual Property in the ordinary course of
business and (iv) sales, leases or other dispositions of inventory determined by the management of the Borrower to be no longer useful
or necessary in the operation of the Business;

(b)       (i)
the sale of inventory or other Property in the ordinary course of business, (ii) the cross-licensing, pooling, sublicensing or licensing
of, or similar arrangements (including disposition of marketing rights) with respect to, Intellectual Property in the ordinary course
of business or otherwise consistent with past practice or not materially disadvantageous to the Lenders, and (iii) the contemporaneous
exchange, in the ordinary course of business, of Property for Property of a like kind, to the extent that the Property received in such
exchange is of a Fair Market Value equivalent to the Fair Market Value of the Property exchanged (provided, that after giving
effect to such exchange, the Fair Market Value of the Property of any Loan Party subject to Liens in favor of the Collateral Agent under
the Security Documents is not materially reduced);

(c)       Dispositions
permitted by Section 7.4 (other than Section 7.4(e));

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(d)       the
sale or issuance of (i) any Subsidiary’s Capital Stock to any Loan Party; provided, that the sale or issuance of Capital
Stock of an Unrestricted Subsidiary to the Borrower or any of its Restricted Subsidiaries is otherwise permitted by Section 7.7,
(ii) the Capital Stock of any Non-Guarantor Subsidiary that is a Restricted Subsidiary to any other Non-Guarantor Subsidiary that is a
Restricted Subsidiary or to Holdings and (iii) the Capital Stock of any Subsidiary that is an Unrestricted Subsidiary to any other Subsidiary
that is an Unrestricted Subsidiary, in each case, including in connection with any tax restructuring activities not otherwise prohibited
hereunder;

(e)       any
Disposition of assets; provided, that

(i)       if
the total value of the assets subject to such Disposition is in excess of $5,000,000, it shall be for Fair Market Value,

(ii)       at
least 75% of the total consideration received by the Borrower and its Restricted Subsidiaries is in the form of cash or Cash Equivalents,

(iii)       no
Event of Default then exists or would result from such Disposition (except if such Disposition is made pursuant to an agreement entered
into at a time when no Event of Default exists), and

(iv)       [reserved];

provided, however,
that for purposes of clause (ii) above, the following shall be deemed to be cash:

(A)        [reserved],

(B)        [reserved],
and

(C)        any
Designated Non-cash Consideration received by the Borrower or any of its Restricted Subsidiaries in such Disposition having an aggregate
Fair Market Value, taken together with all other Designated Non-cash Consideration received pursuant to this clause (e)
that is at that time outstanding, not to exceed the greater of (I) $75,000,000 and (II) 2.0% of Consolidated Total Assets at the time
of the receipt of such Designated Non-cash Consideration (with the Fair Market Value of each item of Designated Non-cash Consideration
being measured at the time received and without giving effect to subsequent changes in value);

(f)       (i)
any Recovery Event and (ii) any event that would constitute a Recovery Event but for the Dollar threshold set forth in the definition
thereof;

(g)       the
leasing, licensing, occupying pursuant to occupancy agreements or sub-leasing of Property that would not materially interfere with the
required use of such Property by the Borrower or its Restricted Subsidiaries;

(h)       the
transfer for Fair Market Value of Property (including Capital Stock of Subsidiaries) to another Person in connection with a joint venture
arrangement with respect to the transferred Property; provided, that such transfer is permitted under Section 7.7(k)
or (v);

(i)       the
sale or discount, in each case without recourse and in the ordinary course of business, of accounts receivable arising in the ordinary
course of business, but only in connection with the compromise or collection thereof consistent with customary industry practice (and
not as part of any bulk sale or financing of receivables);

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(j)       transfers
of condemned Property as a result of the exercise of “eminent domain” or other similar policies to the respective Governmental
Authority or agency that has condemned the same (whether by deed in lieu of condemnation or otherwise), and transfers of properties that
have been subject to a casualty to the respective insurer of such Property as part of an insurance settlement;

(k)       the
Disposition of any Immaterial Subsidiary;

(l)       Specified
Dispositions;

(m)       the
transfer of Property (i) by the Borrower or any Subsidiary Guarantor to any other Loan Party or (ii) from a Non-Guarantor Subsidiary to
(A) any Loan Party; provided, that the portion (if any) of such Disposition made for more than Fair Market Value shall constitute
an Investment and comply with Section 7.7 or (B) any other Non-Guarantor Subsidiary that is a Restricted Subsidiary;

(n)       the
Disposition of cash and Cash Equivalents (or the foreign equivalent of Cash Equivalents) in the ordinary course of business;

(o)       (i)
Liens permitted by Section 7.3 (other than by reference to Section 7.5 or any clause thereof), (ii) Restricted
Payments permitted by Section 7.6 (other than by reference to Section 7.5 or any clause thereof), (iii) Investments
permitted by Section 7.7 (other than by reference to Section 7.5 or any clause thereof) and (iv) sale and
leaseback transactions permitted by Section 7.10 (other than by reference to Section 7.5 or any clause thereof);

(p)       Dispositions
of Investments in joint ventures and other non-wholly owned entities to the extent required by, or made pursuant to, customary buy/sell
arrangements between the joint venture parties set forth in joint venture arrangements, shareholder agreements and similar binding arrangements;

(q)       [reserved];

(r)       the
unwinding of Hedge Agreements permitted hereunder pursuant to their terms;

(s)       the
Disposition of assets acquired pursuant to or in order to effectuate a Permitted Acquisition which assets are (i) obsolete or (ii) not
used or useful to the core or principal business of the Borrower and the Restricted Subsidiaries;

(t)       Dispositions
made on the Closing Date to consummate the Transactions;

(u)       [reserved];

(v)       [reserved];

(w)       the
sale of services, or the termination of any other contracts, in each case in the ordinary course of business;

(x)       [reserved];

(y)       [reserved];

(z)       Dispositions
of Property to the extent that (i)(A) such Property is exchanged for credit against the purchase price of similar replacement Property
or (B) the proceeds of such Disposition are 

    	 	179	 

     

    

applied to the purchase price of such replacement Property and (ii) to the extent such Property
constituted Collateral, such replacement Property constitutes Collateral as well;

(aa)any
Disposition of Property that represents a surrender or waiver of a contract right or settlement, surrender or release of a contract or
tort claim; and

(bb)Dispositions
of Property between or among the Borrower and/or its Restricted Subsidiaries as a substantially concurrent interim Disposition in connection
with a Disposition otherwise permitted pursuant to clauses (a) through (aa) above.

7.6       Restricted
Payments

Declare or pay any 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 the Borrower or any of its Restricted Subsidiaries, 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 the Borrower or such Restricted Subsidiary (collectively, “Restricted Payments”), except that:

(a)       (i)
any Restricted Subsidiary may make Restricted Payments to any Loan Party and (ii) Non-Guarantor Subsidiaries may make Restricted Payments
to other Non-Guarantor Subsidiaries;

(b)       [reserved];

(c)       the
Borrower or any Restricted Subsidiary may make, without duplication,

(i)       Tax
Payments and

(ii)       Restricted
Payments to Holdings or any Parent Company to permit Holdings or such Parent Company to pay

(A)       franchise
and similar taxes and other fees and expenses in connection with the maintenance of its (or any Parent Company’s) existence and
its (or any Parent Company’s indirect) ownership of the Borrower,

(B)       so
long as the Borrower and Holdings are members of a consolidated, combined, unitary or similar group with any Parent Company for U.S.
federal, state or local income tax purposes, such Parent Company’s federal, state or local income taxes, as applicable, but only
to the extent such income taxes are (x) attributable to the income of the Borrower and its Subsidiaries that are members of such group,
determined by taking into account any available net operating loss carryovers or other tax attributes of the Borrower and such Subsidiaries
and (y) not covered by Tax Payments; provided, that in each case the amount of such payments with respect to any fiscal
year does not exceed the amount that the Borrower and such Subsidiaries would have been required to pay in respect of such income taxes
for such fiscal year were the Borrower and such Subsidiaries a consolidated or combined group of which the Borrower was the common parent,
less any amounts paid directly by Borrower and such Subsidiaries with respect to such Taxes; 

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(C)       customary
fees, salary, bonus, severance and other benefits payable to, and indemnities provided on behalf of, their current and former officers
and employees and members of their Board of Directors,

(D)       ordinary
course corporate operating expenses and other fees and expenses required to maintain its corporate existence,

(E)       fees
and expenses to the extent permitted under clause (i) of the second sentence of Section 7.9,

(F)       reasonable
fees and expenses incurred in connection with any debt or equity offering by Holdings or any Parent Company, to the extent the proceeds
thereof are

(or, in the case of an unsuccessful offering,
were intended to be) used for the benefit of the Borrower and its Restricted Subsidiaries, whether or not completed and

(G)       reasonable
fees and expenses in connection with compliance with reporting and public and limited company obligations under, or in connection with
compliance with, federal or state laws (including securities laws, rules and regulations, securities exchange rules and similar laws,
rules and regulations) or under this Agreement or any other Loan Document;

(d)       [reserved];

(e)       the
Borrower and any of its Subsidiaries may make Restricted Payments to, directly or indirectly, purchase the Capital Stock of Holdings,
the Borrower, any Parent Company or any Subsidiary from present or former officers, directors, consultants, agents or employees (or their
estates, trusts, family members or former spouses) of Holdings, the Borrower, any Parent Company or any Subsidiary upon the death, disability,
retirement or termination of the applicable officer, director, consultant, agent or employee or pursuant to any equity subscription agreement,
stock option or equity incentive award agreement, shareholders’ or members’ agreement or similar agreement, plan or arrangement;
provided, that the aggregate amount of payments under this clause (e) in any fiscal year of the Borrower shall not exceed the sum
of (i) $10,000,000 in any fiscal year, plus (ii) any proceeds received from key man life insurance policies, plus (iii) any proceeds received
by Holdings, the Borrower, or any Parent Company during such fiscal year from sales of the Capital Stock of Holdings, the Borrower or
any Parent Company to directors, officers, consultants or employees of Holdings, the Borrower, any Parent Company or any Subsidiary in
connection with permitted employee compensation and incentive arrangements; provided, that any Restricted Payments permitted (but
not made) pursuant to subclause (i), (ii) or (iii) of this clause (e) in any prior fiscal year may be carried forward to any subsequent
fiscal year (subject to an annual cap of no greater than $20,000,000); provided, further, that cancellation of Indebtedness
owing to the Borrower or any Subsidiary by any member of management of Holdings, any Parent Company, the Borrower or any Subsidiary in
connection with a repurchase of the Capital Stock of the Borrower, Holdings or any Parent Company will not be deemed to constitute a Restricted
Payment for purposes of this Section 7.6;

(f)       the
Borrower and its Restricted Subsidiaries may make Restricted Payments to make, or to allow Holdings or any Parent Company to make, non-cash
repurchases of Capital Stock deemed to occur upon exercise of stock options or similar equity incentive awards, if such Capital Stock
represents a portion of the exercise price of such options or similar equity incentive awards,

(g)       tax
payments on behalf of present or former officers, directors, consultants, agents or employees (or their estates, trusts, family members
or former spouses) of Holdings, the Borrower, any 

    	 	181	 

     

    

Parent Company or any Subsidiary in connection with noncash repurchases of Capital Stock
pursuant to any equity subscription agreement, stock option or equity incentive award agreement, shareholders’ or members’
agreement or similar agreement, plan or arrangement of Holdings, the Borrower, any Parent company or any Subsidiary;

(h)       make-whole
or dividend-equivalent payments to holders of vested common stock options or other common Capital Stock or to holders of common stock
options or other common Capital Stock at or around the time of vesting or exercise of such options or other common Capital Stock to reflect
dividends previously paid in respect of common Capital Stock of the Borrower, Holdings or any Parent Company;

(i)       [reserved];

(j)       to
the extent constituting Restricted Payments, the Borrower and its Restricted Subsidiaries may enter into and consummate transactions expressly
permitted (other than by reference to Section 7.6 or any clause thereof) by any provision of Sections 7.4,
7.5, 7.7 and 7.9;

(k)       [reserved];

(l)       Borrower
may make Restricted Payments to make, or to allow Holdings or any Parent Company to make, payments in cash, in lieu of the issuance of
fractional shares, upon the exercise of warrants or upon the conversion or exchange of Capital Stock of any such Person;

(m)       so
long as no Event of Default under Section 8.1(a) or 8.1(f) has occurred and is continuing, the Borrower may
make Restricted Payments to Holdings or any Parent Company to enable it to make payments to the Sponsor or its Affiliates in respect of
expenses or indemnification payments on terms reasonably acceptable to the Administrative Agent;

(n)       any
non-wholly owned Restricted Subsidiary of the Borrower may declare and pay cash dividends to its
equity holders (excluding any such equity holder that is an Affiliate of the Borrower (other than the Borrower and its Subsidiaries))
generally so long as the Borrower or its respective Subsidiary which owns the equity interests in the Restricted Subsidiary paying such
dividend receives at least its proportional share thereof (based upon its relative holding of the equity interests in the Restricted Subsidiary
paying such dividends and taking into account the relative preferences, if any, of the various classes of equity interest of such Restricted
Subsidiary);

(o)       [reserved];

(p)       the
Borrower and its Restricted Subsidiaries may make Restricted Payments (to the extent such payments would constitute Restricted Payments)
pursuant to and in accordance with any Hedge Agreement in connection with a convertible debt instrument; provided, that, the aggregate
amount of all such Restricted Payments minus cash received from counterparties to such Hedge Agreements upon entering into such Hedge
Agreements shall not exceed $5,000,000; and

(q)       provided
that no Event of Default is continuing or would result therefrom, the Borrower may make Restricted Payments in respect of reasonable fees
and expenses incurred in connection with any successful or unsuccessful debt or equity offering or any successful or unsuccessful acquisition
or strategic transaction of Holdings.

7.7       Investments

    	 	182	 

     

    

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 all or substantially all of the assets constituting an ongoing business from, or make any other similar
investment in, any other Person (all of the foregoing, “Investments”), except:

(a)       (i)
extensions of trade credit in the ordinary course of business, (ii) loans, advances and promotions made to distributors, customers, vendors
and suppliers in the ordinary course of business or in accordance with market practices, (iii) purchases and acquisitions of inventory,
supplies, materials and equipment, purchases of contract rights, accounts and chattel paper, purchases of put and call foreign exchange
options to the extent necessary to hedge foreign exchange exposures or foreign exchange spot and forward contracts, purchases of notes
receivable or licenses or leases of Intellectual Property, in each case in the ordinary course of business, to the extent such purchases
and acquisitions constitute Investments, (iv) Investments among the Borrower and its Restricted Subsidiaries in connection with the sale
of

inventory and parts in the ordinary course
of business and (v) purchases and acquisitions of Intellectual Property or purchases of contract rights or licenses or leases of Intellectual
Property, in each case, in the ordinary course of business, to the extent such purchases and acquisitions constitute Investments;

(b)       Investments
in Cash Equivalents (or the foreign equivalent of Cash Equivalents) and Investments that were Cash Equivalents (or the foreign equivalent
of Cash Equivalents) when made;

(c)       Investments
arising in connection with (i) the incurrence of Indebtedness permitted by Section 7.2 (other than by reference to Section
7.7 or any clause thereof) to the extent arising as a result of Indebtedness among the Borrower or any of its Restricted Subsidiaries
and Guarantee Obligations permitted by Section 7.2 (other than by reference to Section 7.7 or any clause thereof)
and payments made in respect of such Guarantee Obligations, (ii) the forgiveness or conversion to equity of any Indebtedness permitted
by Section 7.2 (other than by reference to Section 7.7 or any clause thereof) and (iii) guarantees by the
Borrower or any of its Restricted Subsidiaries of leases (other than Capital Lease Obligations) or of other obligations that do not constitute
Indebtedness, in each case entered into in the ordinary course of business;

(d)       loans
and advances to employees, consultants or directors of any Parent Company, Holdings or any of its Restricted Subsidiaries in the ordinary
course of business in an aggregate amount (for the Borrower and all of its Restricted Subsidiaries) not to exceed $10,000,000 (excluding
(for purposes of such cap) tuition advances, travel and entertainment expenses, but including relocation advances) at any one time outstanding;

(e)       Investments
(i) (other than those relating to the incurrence of Indebtedness permitted by Section 7.7(c)) by the Borrower or any of
its Restricted Subsidiaries in the Borrower or any Person that, prior to such Investment, is a Loan Party (or is a Subsidiary that becomes
a Loan Party in connection with such Investment), (ii) by the Borrower or any Subsidiary Guarantor in any Non-Guarantor Subsidiaries
so long as such Investment is part of a series of Investments by Restricted Subsidiaries in other Restricted Subsidiaries that result
in the proceeds of the initial Investment being invested in one or more Loan Parties, (iii) comprised solely of equity purchases or contributions
by the Borrower or any of its Restricted Subsidiaries in any other Restricted Subsidiary made for tax purposes, so long as the Borrower
provides to the Administrative Agent evidence reasonably acceptable to the Administrative Agent that, after giving pro forma effect to
such Investments, the granting, perfection, validity and priority of the security interest of the Secured Parties in the Collateral,
taken as a whole, is not impaired in any material respect by such Investment and (iv) existing on the Closing Date in any Non-Guarantor
Subsidiary; 

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(f)       Permitted
Acquisitions to the extent that any Person or Property acquired in such acquisition becomes a Restricted Subsidiary or a part of a Restricted
Subsidiary; provided, that

(i)       immediately
before and after giving effect to any such Permitted Acquisition, no Event of Default shall have occurred and be continuing,

(ii)       after
giving pro forma effect to such Permitted Acquisition and any incurrence of any Indebtedness in connection therewith, the Borrower shall
be in pro forma compliance with the terms of Section 7.1, to the extent then applicable (and the Borrower shall have delivered
to the Administrative Agent such financial information as it may reasonably request demonstrating such compliance); and

(iii)       the
aggregate amount of consideration paid by the Borrower and its Restricted Subsidiaries in connection with Permitted Acquisitions of Persons
other than Loan Parties and of Property that does not become Collateral shall not exceed $50,000,000;

(g)       loans
by the Borrower or any of its Restricted Subsidiaries to the employees, officers or directors of any Parent Company, Holdings or any of
its Restricted Subsidiaries in connection with management incentive plans (provided, that such loans represent cashless
transactions pursuant to which such employees, officers or directors directly (or indirectly) invest the proceeds of such loans in the
Capital Stock of Holdings or a Parent Company);

(h)       [reserved];

(i)       Investments
(including debt obligations) received in the ordinary course of business by the Borrower or any of its Restricted Subsidiaries in connection
with (w) the bankruptcy or reorganization of suppliers, vendors, distributors, clients, customers and other Persons, (x) settlement of
delinquent obligations of, and other disputes with, suppliers, vendors, distributors, clients, customers and other Persons arising in
the ordinary course of business, (y) endorsements for collection or deposit and (z) customary trade arrangements with suppliers,
vendors, distributors, clients and customers, including consisting of Capital Stock of clients and customers issued to the Borrower or
any Subsidiary in consideration for goods provided and/or services rendered;

(j)       Investments
by any Non-Guarantor Subsidiary in any other Non-Guarantor Subsidiary (other than Investments by BrandCo Holdings or any of its Subsidiaries
in any Non-Guarantor Subsidiary that is not a Subsidiary of BrandCo Holdings);

(k)       Investments
in existence on, or pursuant to legally binding written commitments in existence on, the Closing Date (after giving effect to the Transactions)
and listed on Schedule 7.7 and, in each case, any extensions, renewals or replacements thereof, so long as the amount of any Investment
made pursuant to this clause (k) is not increased (other than pursuant to such legally binding commitments);

(l)       Investments
of the Borrower or any of its Restricted Subsidiaries under Hedge Agreements permitted hereunder;

(m)       Investments
of any Person existing, or made pursuant to binding commitments in effect, at the time such Person becomes a Restricted Subsidiary or
consolidates, amalgamates or merges with the Borrower or any of its Restricted Subsidiaries (including in connection with a Permitted
Acquisition); provided, that such Investment was not made in anticipation of such Person becoming a Restricted Subsidiary
or of such consolidation, amalgamation or merger; 

    	 	184	 

     

    

(n)       [reserved];

(o)       to
the extent constituting Investments, transactions expressly permitted (other than by reference to this Section 7.7 or any
clause thereof) under Sections 7.4, 7.5, 7.6 and 7.8;

(p)       Subsidiaries
of the Borrower may be established or created, if (i) to the extent such new Subsidiary is a Domestic Subsidiary, the Borrower and such
Subsidiary comply with the provisions of Section 6.8(c) and (ii) to the extent such new Subsidiary is a Foreign Subsidiary,
the Borrower complies with the provisions of Section 6.8(d); provided, that, in each case, to the extent such
new Subsidiary is created solely for the purpose of consummating a merger, consolidation, amalgamation or similar transaction pursuant
to an acquisition permitted by this Section 7.7, and such new Subsidiary at no time holds any assets or liabilities other
than any consideration contributed to it substantially contemporaneously with the closing of such transactions, such new Subsidiary shall
not be required to take the actions set forth in Section 6.8(c) or 6.8(d), as applicable, until the respective
acquisition is consummated (at which time the surviving entity of the respective transaction shall be required to so comply within ten
Business Days or such longer period as the Administrative Agent shall agree);

(q)       Investments
arising directly out of the receipt by the Borrower or any of its Restricted Subsidiaries of non-cash consideration for any sale of assets
permitted under Section 7.5 (other than by reference to Section 7.7 or any clause thereof);

(r)       (i)
Investments resulting from pledges and deposits referred to in Sections 7.3(c) and (d) and (ii) cash earnest
money deposits made in connection with Permitted Acquisitions or other Investments permitted under this Section ý7.7;

(s)       Investments
in connection with a legitimate business purpose (which, for the avoidance of doubt, shall not include any financing arrangement) consisting
of (i) the licensing, sublicensing, cross-licensing, pooling or contribution of, or similar arrangements with respect to, Intellectual
Property (other than BrandCo Collateral except as permitted pursuant to the BrandCo License Documents), in each case, in the ordinary
course of business or consistent with past practice or not otherwise materially adverse to the interest of the Lenders, and (ii) the transfer
or licensing of non-U.S. Intellectual Property (other than BrandCo Collateral except as permitted pursuant to the BrandCo License Documents)
to a Foreign Subsidiary in the ordinary course of business consistent with past practice or otherwise not materially adverse to the interest
of the Lenders;

(t)       [reserved];

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

(v)       Investments
in an aggregate amount not to exceed the sum of (i) $75,000,000, minus (ii) the aggregate amount of any prepayment, redemption,
purchase, defeasement or satisfaction prior to the scheduled maturity of any Junior Financing pursuant to Section 7.8(a)(iv);
provided, that Investments made by any Loan Party pursuant to this clause (v) shall not be in the form of
Intellectual Property (or of Capital Stock of Subsidiaries owning Intellectual Property) in any Non-Guarantor Subsidiary;

(w)       advances
of payroll payments to employees, or fee payments to directors or consultants, in the ordinary course of business;

(x)       Investments
constituting loans or advances in lieu of Restricted Payments permitted pursuant to Section 7.6; 

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(y)       [reserved];

(z)       [reserved];

(aa)Investments
to the extent that payment for such Investments is made solely by the issuance of Capital Stock (other than Disqualified Capital Stock)
of Holdings (or any Parent Company) to the seller of such Investments;

(bb)[reserved];

(cc)[reserved];

(dd)the
Borrower or any of its Restricted Subsidiaries may make Investments in an amount not to exceed the Excluded Contribution Amount (to extent
Not Otherwise Applied) within 90 days of the receipt thereof, so long as, with respect to any such Investments, no Event of Default shall
have occurred and be continuing or would result therefrom;

(ee)[reserved];

(ff)the
Borrower or any of its Restricted Subsidiaries may make Investments in prepaid expenses, negotiable instruments held for collection and
lease and utility and worker’s compensation deposits provided to third parties in the ordinary course of business;

(gg)[reserved];
and

(hh)Investments
in (i) open-market purchases of common stock of Revlon and (ii) any other Investment available to highly compensated employees under any
“excess 401-(k) plan” of the Borrower (or any of its Domestic Subsidiaries, as applicable), in each case to the extent necessary
to permit the Borrower (or such Domestic Subsidiary, as applicable) to satisfy its obligations under such “excess 401-(k) plan”
for highly compensated employees; provided, however, that the aggregate amount of such purchases and other
Investments under this Section 7.7(hh) together with any Restricted Payments made as permitted under Section 7.6(e)
does not exceed the amounts set forth in such section.

It is further understood and agreed that for
purposes of determining the value of any Investment outstanding for purposes of this Section 7.7, such amount shall be deemed
to be the amount of such Investment when made, purchased or acquired less any returns on such Investment (not to exceed the original amount
invested).

7.8       Prepayments,
Etc. of Indebtedness; Amendments.

(a)       Optionally
prepay, redeem, purchase, defease or otherwise satisfy prior to the day that is 90 days before the scheduled maturity thereof in any manner
the principal amount of

(x)       any
Indebtedness that is expressly subordinated by contract in right of payment to the Obligations,

(y)        (I)
any Indebtedness incurred pursuant to Section 7.2(a), (i), (t) and (v) that is
secured by all or any part of the Collateral or (II) any other Indebtedness incurred pursuant to Section 7.2 that is secured
by all or a material part of the Collateral, in each case of clauses (I) and (II), on a junior basis relative
to the Obligations, but is not also secured by any substantial part of the Collateral on a pari passu or senior basis relative to the
Obligations or 

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(z)        any
Indebtedness incurred pursuant to Section 7.2 that is unsecured

(collectively, “Junior Financing”)
(it being understood, for the avoidance of doubt, that (1) payments of regularly scheduled interest and principal on all of the foregoing
shall be permitted, (2) the term “Junior Financing” does not include any Indebtedness under (A) the Term Loan Agreement or
any other Indebtedness subject to the ABL Intercreditor Agreement, (B) the 2021 Notes, (C) this Agreement or (D) the BrandCo Credit Agreement),
or make any payment in violation of any subordination terms of any Junior Financing Documentation, except:

(i)       [reserved];

(ii)       the
conversion of any Junior Financing to Capital Stock (other than Disqualified Capital Stock) or the prepayment, redemption, purchase, defeasement
or other satisfaction of Junior Financing in an amount not to exceed the Excluded Contribution Amount (to extent Not Otherwise Applied)
(other than Disqualified Capital Stock);

(iii)       the
prepayment, redemption, purchase, defeasement or other satisfaction of any Junior Financing with any Permitted Refinancing thereof;

(iv)       the
prepayment, redemption, purchase, defeasement or other satisfaction prior to the day that is 90 days before the scheduled maturity of
any Junior Financing, in an aggregate amount not to exceed (i) $75,000,000 minus (ii) the aggregate amount of Investments
made pursuant to Section 7.7(v);

(v)       the
prepayment, redemption, purchase, defeasance or other satisfaction of any Indebtedness incurred or assumed pursuant to Section 7.2(t);

(vi)       the
prepayment, redemption, purchase, defeasance or other satisfaction of any Indebtedness to consummate the Transactions; and

(vii)       the
prepayment, redemption, purchase, defeasance or other satisfaction of any intercompany indebtedness

(A)       owing
by a Loan Party to another Loan Party,

(B)       owing
by a Restricted Subsidiary that is Non-Guarantor Subsidiary to a Restricted Subsidiary that is Non-Guarantor Subsidiary and

(C)       owing
by a Restricted Subsidiary that is Non-Guarantor Subsidiary to a Loan Party;

provided, that, notwithstanding
the foregoing, the Borrower shall not, and shall not permit any of its Subsidiaries to repurchase any Junior Financing of the Borrower
prior to the date that is 105 days or more prior to the stated maturity thereof, except to the extent that the Borrower and its Subsidiaries
have Section 7.8 Liquidity (as defined below) of at least $200,000,000, after giving pro forma effect to such prepayment, redemption,
purchase, defeasance or other satisfaction; provided that for purposes hereof, “Section 7.8 Liquidity” shall
mean, at any time, the sum of (i) all Unrestricted Cash of the Borrower and its Subsidiaries and (ii) the aggregate indebtedness permitted
to be borrowed under this Agreement and any other then-existing revolving credit facility or line of credit of the Borrower and its Subsidiaries; 

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(b)       amend
or modify the documentation in respect of any Junior Financing in a manner, taken as a whole (as shall be determined by the Borrower in
good faith), that would be materially adverse to the Lenders; provided, that nothing in this Section 7.8(b)
shall prohibit the refinancing, replacement, extension or other similar modification of any Indebtedness to the extent otherwise permitted
by Section 7.2 or

(c)       amend
or modify the BrandCo License Documents in a manner, taken as a whole (as shall be determined by the Borrower in good faith), that
would be materially adverse to the Lenders unless, prior to the effectiveness of such amendment, (x) the Borrower shall provide to
the Administrative Agent an updated Borrowing Base Certificate (which shall be delivered to the Lenders) demonstrating, after giving
pro forma effect to such amendment and any transactions in connection therewith (including, without limitation, any prepayment or
repayment of the Loans and the removal of any Inventory from the Borrowing Base that will no longer constitute Eligible Inventory),
if such amendment or modification is on or after the Tranche A Revolving Discharge Date, the aggregate principal amount of the SISO
Term Loans then outstanding does not exceed the Tranche A Borrowing Base, and (y) if a Liquidity Event Period exists or would result
therefrom, the Borrower shall have demonstrated compliance with Section 7.1, calculating the Financial Covenant Fixed
Charge Coverage Ratio on a pro forma basis as if such amendment or modification, and/or any other transaction in connection
therewith, shall have occurred at the beginning of the Test Period (and the Borrower shall have delivered to the Administrative
Agent such financial information as it may reasonably request demonstrating such compliance).

7.9       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 thereof (other than the Borrower or any of its Restricted Subsidiaries) involving aggregate payments or consideration in excess
of $25,000,000 unless such transaction is (a) otherwise not prohibited under this Agreement and (b) upon terms materially no less favorable
when taken as a whole to the Borrower or such Restricted Subsidiary, as the case may be, than it would obtain in a comparable arm’s
length transaction with a Person that is not an Affiliate. Notwithstanding the foregoing, the Borrower and its Restricted Subsidiaries
may:

(i)       pay
to Holdings or any Parent Company and any of their Affiliates fees, indemnities and expenses permitted by Section 7.6(m)
and/or fees and expenses in connection with the Transactions and disclosed to the Administrative Agent prior to the Closing Date;

(ii)       enter
into any transaction with an Affiliate that is not prohibited by the terms of this Agreement to be entered into by Holdings, the Borrower
or its Restricted Subsidiaries;

(iii)       make
any Restricted Payment permitted pursuant to Section 7.6 (other than by reference to Section 7.9 or any clause
thereof) or any Investment permitted pursuant to Section 7.7;

(iv)       perform
their obligations pursuant to the Transactions, including payments required to be made pursuant to the Merger Agreement;

(v)       enter
into transactions with joint ventures for the purchase or sale of goods, equipment and services entered into in the ordinary course of
business; 

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(vi)       without
being subject to the terms of this Section 7.9, enter into any transaction with any Person which is an Affiliate of Holdings
or the Borrower only by reason of such Person and Holdings or the Borrower, as applicable, having common directors;

(vii)       issue
Capital Stock to the Sponsor, any other direct or indirect owner of Holdings (including any Parent Company), or any director, officer,
employee or consultant thereof;

(viii)       enter
into the transactions allowed pursuant to Section 10.6;

(ix)       enter
into transactions set forth on Schedule 7.9 and any amendment thereto or replacement thereof so long as such amendment or replacement
is not materially more disadvantageous to the Lenders when taken as a whole as compared to the applicable agreement as in effect on the
Closing Date as reasonably determined in good faith by the Borrower;

(x)       enter
into joint purchasing arrangements with the Sponsor in the ordinary course of business or otherwise consistent with past practice;

(xi)       enter
into and perform their respective obligations under the terms of the Company Tax Sharing Agreement in effect on the Closing Date, or any
amendments thereto that do not materially increase the Borrower’s or any Subsidiary Guarantor’s obligations thereunder;

(xii)       enter
into any transaction with an officer, director, manager, employee or consultant of Holdings, any Parent Company, the Borrower or any of
its Subsidiaries (including compensation or employee benefit arrangements with any such officer, director, manager, employee or consultant)
in the ordinary course of business;

(xiii)       make
payments to Holdings, any Parent Company, the Borrower, any Restricted Subsidiary or any Affiliate of any of the foregoing for any financial
advisory, financing, underwriting or placement services or in respect of other investment banking activities, including in connection
with acquisitions or divestitures, which payments, to the extent the amount thereof either individually or collectively with any related
payments exceeds $20,000,000, are approved by a majority of the members of the Board of Directors of the Borrower or, other than with
respect to payments to Holdings, Holdings in good faith;

(xiv)       enter
into any transaction in which the Borrower or any Restricted Subsidiary, as the case may be, delivers to the Administrative Agent a letter
from a nationally recognized investment banking firm stating that such transaction is fair to the Borrower or such Restricted Subsidiary
from a financial point of view or meets the requirements of Section 7.9(b);

(xv)       enter
into any transaction with an Affiliate in which the consideration paid by the Borrower or any Restricted Subsidiary consists only of Capital
Stock of Holdings;

(xvi)       enter
into transactions with customers, clients, suppliers, or purchasers or sellers of goods or services that are Affiliates, in each case,
in the ordinary course of business and otherwise in compliance with the terms of this Agreement that are fair to the Borrower and its
Restricted Subsidiaries, as determined in good faith by the Board of Directors or the senior management of the Borrower or Holdings,
or are on terms at least as favorable as might reasonably have been obtained at such time from an unaffiliated party; 

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(xvii)       engage
in any transaction pursuant to which Mafco, or any wholly owned subsidiary of Mafco, Holdings, any Parent Company or any Affiliate of
any of the foregoing will provide the Borrower and the Subsidiaries, at their request, and at the cost to Mafco or such wholly owned subsidiary
or Holdings, such Parent Company or such Affiliate (as applicable), with certain allocated services to be purchased from third party providers
in the ordinary course of business, such as legal and accounting services, tax, consulting, financial advisory, corporate governance,
insurance coverage and other services; and

(xviii)       engage
in any transaction in the ordinary course of business between the Borrower or a Subsidiary and its own employee stock option plan that
is approved by the Borrower or such Subsidiary in good faith.

For the avoidance of doubt,
this Section 7.9 shall not restrict or otherwise apply to employment, benefits, compensation, bonus, retention and severance
arrangements with, and payments of compensation or benefits (including customary fees, expenses and indemnities) to or for the benefit
of, current or former employees, consultants, officers or directors of Holdings or the Borrower or any of its Restricted Subsidiaries
in the ordinary course of business.

For purposes of this Section
7.9, any transaction with any Affiliate shall be deemed to have satisfied the standard set forth in clause (b)
of the first sentence hereof if such transaction is approved by a majority of the Disinterested Directors of the Board of Directors
of the Borrower or such Restricted Subsidiary, as applicable. “Disinterested Director”: with respect to
any Person and transaction, a member of the Board of Directors of such Person who does not have any material direct or indirect
financial interest in or with respect to such transaction. A member of any such Board of Directors shall not be deemed to have such
a financial interest by reason of such member’s holding Capital Stock of the Borrower, Holdings or any Parent Company or any
options, warrants or other rights in respect of such Capital Stock.

7.10       Sales
and Leasebacks

Enter into any arrangement with any Person
providing for the leasing by the Borrower or any of its Restricted Subsidiaries of real or personal Property which is to be sold or transferred
by the Borrower or any of its Restricted Subsidiaries (a) to such Person or (b) to any other Person to whom funds have been or are to
be advanced by such Person on the security of such Property or rental obligations of the Borrower or any of its Restricted Subsidiaries,
except for (i) any such arrangement entered into in the ordinary course of business of the Borrower or any of its Restricted Subsidiaries,
(ii) sales or transfers by the Borrower or any of its Restricted Subsidiaries to any Loan Party, (iii) sales or transfers by any Non-Guarantor
Subsidiary to any other Non-Guarantor Subsidiary that is a Restricted Subsidiary and (iv) any such arrangement to the extent that the
Fair Market Value of such Property does not exceed $25,000,000, in the aggregate for all such arrangements.

7.11       Changes
in Fiscal Periods

Permit the fiscal year of the Borrower to end
on a day other than December 31; provided, that the Borrower may, upon written notice to the Administrative Agent, change
its fiscal year to any other fiscal year reasonably acceptable to the Administrative Agent, in which case, the Borrower and the Administrative
Agent will, and are hereby authorized by the Lenders to, make any adjustments to this Agreement that are necessary to reflect such change
in fiscal year.

7.12       Negative
Pledge Clauses 

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Enter into 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, whether now owned
or hereafter acquired, to secure the Obligations or, in the case of any Subsidiary Guarantor, its obligations under the Guarantee and
Collateral Agreement, other than:

(a)       this
Agreement, the other Loan Documents and any Intercreditor Agreement;

(b)       any
agreements governing Indebtedness and/or other obligations secured by a Lien permitted by this Agreement (in which case, any prohibition
or limitation shall only be effective against the assets subject to such Liens permitted by this Agreement);

(c)       software
and other Intellectual Property licenses pursuant to which such Loan Party is the licensee of the relevant software or Intellectual Property,
as the case may be (in which case, any prohibition or limitation shall relate only to the assets subject to the applicable license);

(d)       Contractual
Obligations incurred in the ordinary course of business which (i) limit Liens on the assets that are the subject of the applicable Contractual
Obligation or (ii) contain customary provisions restricting the assignment, transfer or pledge of such agreements;

(e)       any
agreements regarding Indebtedness or other obligations of any Non-Guarantor Subsidiary not prohibited under Section 7.2
(in which case, any prohibition or limitation shall only be effective against the assets of such Non-Guarantor Subsidiary and its Subsidiaries);

(f)       prohibitions
and limitations in effect on the Closing Date and listed on Schedule 7.12;

(g)       customary
provisions contained in joint venture agreements, shareholder agreements and other similar agreements applicable to joint ventures and
other non-wholly owned entities not prohibited by this Agreement;

(h)       customary
provisions restricting the subletting, assignment, pledge or other transfer of any lease governing a leasehold interest;

(i)       customary
restrictions and conditions contained in any agreement relating to any Disposition of Property, leases, subleases, licenses, sublicenses,
cross license, pooling and similar agreements not prohibited hereunder;

(j)       any
agreement in effect at the time any Person becomes a Subsidiary of the Borrower or is merged with or into the Borrower or a Subsidiary
of the Borrower, so long as such agreement was not entered into in contemplation of such Person becoming a Subsidiary of the Borrower
or a party to such merger;

(k)       restrictions
imposed by applicable law or regulation or license requirements;

(l)       restrictions
in any agreements or instruments relating to any Indebtedness permitted to be incurred by this Agreement (including indentures, instruments
or agreements governing any Permitted Revolving Refinancing Obligations or Permitted SISO Refinancing Obligations and indentures, instruments
or agreements governing any Permitted Refinancings of Permitted Revolving Refinancing Obligations or Permitted SISO Refinancing Obligations)
(i) if the encumbrances and restrictions contained in any such agreement or instrument taken as a whole are not materially more restrictive
on the Restricted Subsidiaries than the encumbrances contained in this Agreement (as determined in good faith by the Borrower) or (ii)
if such encumbrances and restrictions are customary for similar financings in 

    	 	191	 

     

    

light of prevailing market conditions at the time of incurrence
thereof (as determined in good faith by the Borrower) and the Borrower determines in good faith that such encumbrances and restrictions
would not reasonably be expected to materially impair the Borrower’s ability to create and maintain the Liens on the Collateral
pursuant to the Security Documents;

(m)       restrictions
in respect of Indebtedness secured by Liens permitted by Sections 7.3(g) and 7.3(y) relating solely to the
assets or proceeds thereof secured by such Indebtedness;

(n)       customary
provisions restricting assignment of any agreement entered into in the ordinary course of business;

(o)       restrictions
arising in connection with cash or other deposits not prohibited hereunder and limited to such cash or other deposit;

(p)       restrictions
set forth in any documentation governing Term Pari Passu Obligations, including the Term Loan Documents, and restrictions set forth in
the BrandCo Documents;

(q)       restrictions
and conditions that arise in connection with any Dispositions permitted by Section ý7.5;
provided, however, that such restrictions and conditions shall apply only to the property subject to such
Disposition;

(r)       any
agreement or restriction relating to the Target or its business in effect on the Closing Date so long as such restriction is not created
in contemplation of such acquisition; and

(s)       the
foregoing shall not apply to any restrictions or conditions imposed by any amendments, modifications, restatements, renewals, increases,
supplements, refundings, replacements or refinancings of the contracts, instruments or other obligations referred to in clauses
(a) through (r) above, provided, that the restrictions and conditions contained in such amendments,
modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings are, in good faith judgment of
the Borrower no more restrictive than those restrictions and conditions in effect immediately prior to such amendment, modification, restatement,
renewal, increase, supplement, refunding, replacement or refinancing under the applicable contract, instrument or other obligation.

7.13       Clauses
Restricting Subsidiary Distributions

Enter into any consensual encumbrance or restriction
on the ability of any Restricted Subsidiary to (a) make Restricted Payments in respect of any Capital Stock of such Restricted Subsidiary
held by, or pay any Indebtedness owed to, the Borrower or any of its Restricted Subsidiaries or (b) make Investments in the Borrower or
any of its Restricted Subsidiaries, except for such encumbrances or restrictions existing under or by reason of or consisting of:

(i)       this
Agreement or any other Loan Documents and under any Intercreditor Agreement, or any other agreement entered into pursuant to any of the
foregoing;

(ii)       provisions
limiting the Disposition of assets or property in asset sale agreements, stock sale agreements and other similar agreements, which limitation
is in each case applicable only to the assets or interests the subject of such agreements but which may include customary restrictions
in respect of a Restricted Subsidiary in connection with the Disposition of all or substantially all of the Capital Stock or assets of
such Restricted Subsidiary; 

    	 	192	 

     

    

(iii)       customary
net worth provisions contained in Real Property leases entered into by the Borrower and its Restricted Subsidiaries, so long as the Borrower
has determined in good faith that such net worth provisions would not reasonably be expected to impair the ability of the Borrower to
meet its ongoing payment obligations hereunder or, in the case of any Subsidiary Guarantor, its obligations under the Guarantee and Collateral
Agreement;

(iv)       agreements
related to Indebtedness permitted by this Agreement (including indentures, instruments or agreements governing any Permitted Revolving
Refinancing Obligations or Permitted SISO Refinancing Obligations and indentures, instruments or agreements governing any Permitted Refinancings
of Permitted Revolving Refinancing Obligations or Permitted SISO Refinancing Obligations) to the extent that (x) the encumbrances and
restrictions contained in any such agreement or instrument taken as a whole are not materially more restrictive on the Restricted Subsidiaries
than the encumbrances and restrictions contained in this Agreement (as determined in good faith by the Borrower) or (y) such encumbrances
and restrictions are customary for similar financings in light of prevailing market conditions at the time of incurrence thereof (as determined
in good faith by the Borrower) and the Borrower determines in good faith that such encumbrances and restrictions would not reasonably
be expected to materially impair the Borrower’s ability to pay the Obligations when due;

(v)       licenses,
sublicenses, cross-licensing or pooling by the Borrower and its Restricted Subsidiaries of, or similar arrangements with respect to, Intellectual
Property in the ordinary course of business (in which case such restriction shall relate only to such Intellectual Property);

(vi)       Contractual
Obligations incurred in the ordinary course of business which include customary provisions restricting the assignment, transfer or pledge
thereof;

(vii)       customary
provisions contained in joint venture agreements, shareholder agreements and other similar agreements applicable to joint ventures and
other non-wholly owned entities not prohibited by this Agreement;

(viii)       customary
provisions restricting the subletting or assignment of any lease governing a leasehold interest;

(ix)       customary
restrictions and conditions contained in any agreement relating to any Disposition of Property, leases, subleases, licenses and similar
agreements not prohibited hereunder;

(x)       any
agreement in effect at the time any Person becomes a Restricted Subsidiary or is merged with or into the Borrower or any Restricted Subsidiary,
so long as such agreement was not entered into in contemplation of such Person becoming a Restricted Subsidiary or a party to such merger;

(xi)       encumbrances
or restrictions on cash or other deposits imposed by customers under contracts entered into in the ordinary course of business;

(xii)       encumbrances
or restrictions imposed by applicable law, regulation or customary license requirements; 

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(xiii)       restrictions
and conditions contained in the documentation governing the Existing Notes Financing;

(xiv)       any
agreement in effect on the Closing Date and described on Schedule 7.13;

(xv)       restrictions
or conditions imposed by any obligations secured by Liens permitted pursuant to Section 7.3 (other than obligations in respect
of Indebtedness), if such restrictions or conditions apply only to the property or assets securing such obligations and such encumbrances
and restrictions are customary for similar obligations in light of prevailing market conditions at the time of incurrence thereof (as
determined in good faith by the Borrower) and the Borrower determines in good faith that such encumbrances and restrictions would not
reasonably be expected to materially impair the Borrower’s ability to pay the Obligations when due;

(xvi)       the
Term Loan Documents;

(xvii)       the
BrandCo Documents;

(xviii)       restrictions
or conditions contained in any trading, netting, operating, construction, service, supply, purchase or other agreement to which the Borrower
or any of its Restricted Subsidiaries is a party entered into in the ordinary course of business; provided, that such agreement
prohibits the encumbrance of solely the property or assets of the Borrower or such Restricted Subsidiary that are the subject of such
agreement, the payment rights arising thereunder or the proceeds thereof and does not extend to any other asset or property of the Borrower
or such Restricted Subsidiary or the assets or property of any other Restricted Subsidiary; and

(xix)       the
foregoing shall not apply to any restrictions or conditions imposed by any amendments, modifications, restatements, renewals, increases,
supplements, refundings, replacements or refinancings of the contracts, instruments or other obligations referred to in clauses
(i) through (xviii) above, provided, that the restrictions and conditions contained in such

amendments, modifications, restatements,
renewals, increases, supplements, refundings, replacements or refinancings are, in good faith judgment of the Borrower no more restrictive
than those restrictions and conditions in effect immediately prior to such amendment, modification, restatement, renewal, increase, supplement,
refunding, replacement or refinancing under the applicable contract, instrument or other obligation.

7.14       Limitation
on Hedge Agreements

Enter into any Hedge Agreement other than Hedge
Agreements entered into in the ordinary course of business, and not for speculative purposes.

7.15       Amendment
of Company Tax Sharing Agreement

Amend, modify, change,
waive, cancel or terminate any term or condition of the Company Tax Sharing Agreement or Prior Tax Sharing Agreement in a manner materially
adverse to the interests of the Company or the Lenders without the prior written consent of the Required Lenders.

7.16       Anti-Cash
Hoarding.

On or after the 2021 Notes
Exchange Effective Date, after giving effect to any payments or prepayments pursuant to Section 2.12(b)(iii) and after
giving effect to any payments to be made in 

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connection with the 2021 Notes Exchange substantially concurrently with the occurrence of the 2021
Notes Exchange Effective Date, hold or permit Holdings and its Subsidiaries to hold at any time more than the Specified Cash Limit in
cash or Cash Equivalents ((x) other than Specified Excluded Cash and (y) based on closing balances on the immediately preceding
Business Day) so long as there are any Tranche A Revolving Loans, Swingline Loans, Local Loans, Acceptances and/or L/C Obligations outstanding.

SECTION VIIA.

HOLDINGS NEGATIVE COVENANTS

Holdings hereby
covenants and agrees with each Lender that, so long as the Commitments remain in effect, any Letter of Credit remains outstanding
(that has not been Cash Collateralized) or any Loan or other amount is owing to any Lender or any Agent hereunder (other than (i)
contingent or indemnification obligations not then due and (ii) obligations in respect of Specified Hedge Agreements, Specified Cash
Management Obligations or Specified Additional Obligations), unless the Required Lenders shall otherwise consent in writing,
(a) Holdings will not create, incur, assume or permit to exist any Lien on any Capital Stock of the Borrower held by Holdings
other than Liens created under the Loan Documents or Liens not prohibited by Section 7.3 and (b) Holdings shall
do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence; provided,
that Holdings may merge with any other person so long as no Default has occurred and is continuing or would result therefrom and (i)
Holdings shall be the surviving entity or (ii) if the surviving entity is not Holdings (such other person, “Successor
Holdings”), (A) Successor Holdings shall be an entity organized or existing under the laws of the United States, any
state thereof, the District of Columbia or any territory thereof, (B) Successor Holdings shall expressly assume all the obligations
of Holdings under this Agreement and the other Loan Documents pursuant to a supplement hereto or thereto in form reasonably
satisfactory to the Administrative Agent, and (C) Successor Holdings shall have delivered to the Administrative Agent (x) an
officer’s certificate stating that such merger or consolidation does not violate this Agreement or any other Loan Document and
(y) if requested by the Administrative Agent, an opinion of counsel to the effect that such merger or consolidation does not violate
this Agreement or any other Loan Document and covering such other matters as are contemplated by the opinions of counsel delivered
on the Closing Date pursuant to Section 5.1(e) (it being understood that if the foregoing are satisfied, Successor
Holdings will succeed to, and be substituted for, Holdings under this Agreement).

Section VIII.

EVENTS OF DEFAULT

8.1       Events
of Default

If any of the following events shall occur
and be continuing:

(a)       The
Borrower shall fail to pay (i) any principal of any Loan when due in accordance with the terms hereof, (ii) any principal of any Reimbursement
Obligation within three Business Days after any such Reimbursement Obligation becomes due in accordance with the terms hereof or (iii)
any interest owed by it on any Loan or Reimbursement Obligation, or any other amount payable by it hereunder or under any other Loan Document,
within five Business Days after any such interest or other amount becomes due in accordance with the terms hereof;

(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
or other document furnished by it at any time under or in connection with this Agreement or any such other Loan Document shall in either
case 

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prove to have been inaccurate in any material respect (or if qualified by materiality, in any respect) and such inaccuracy is adverse
to the Lenders on or as of the date made or deemed made or furnished;

(c)       The
Borrower or any Subsidiary Guarantor shall default in the observance or performance of any agreement contained in Section 6.4(a)
(solely with respect to maintaining the existence of the Borrower) or Section 7 or Holdings shall default in the observance
or performance of any agreement contained in Section 7A;

(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 8.1), and such default shall continue unremedied
(i) for a period of one Business Day if such breach relates to the terms
or provisions of Section 6.2(g)(iii), (ii) for a period of three Business Days if such breach relates to the terms or provisions of Section
6.1(d) or 6.2(a), (iii) for a period of six Business Days if such breach relates to the terms or provisions of Section
6.2(g) (other than Section 6.02(g)(iii)) or 6.7(a) or
(iiiii) for
a period of 30 days after such Loan Party receives from the Administrative Agent, the Required Tranche A Revolving Lenders or the Required
SISO Term Lenders notice of the existence of such default;

(e)       The
Borrower or any of its Restricted Subsidiaries shall:

(i)       default
in making any payment of any principal of any Indebtedness for Borrowed Money (excluding the Loans and Reimbursement Obligations) on the
scheduled or original due date with respect thereto beyond the period of grace, if any, provided in the instrument or agreement under
which such Indebtedness for Borrowed Money was created;

(ii)       default
in making any payment of any interest on any such Indebtedness for Borrowed Money beyond the period of grace, if any, provided in the
instrument or agreement under which such Indebtedness for Borrowed Money was created; or

(iii)       default
in the observance or performance of any other agreement or condition relating to any such Indebtedness for Borrowed Money or
contained in any instrument or agreement evidencing, securing or relating thereto, or any other event of default shall occur, the
effect of which payment or other default or other event of default is to cause, or to permit the holder or beneficiary of such
Indebtedness (or a trustee or agent on behalf of such holder or beneficiary) to cause, with the giving of notice if required, such
Indebtedness for Borrowed Money to become due prior to its Stated Maturity or to become subject to a mandatory offer to purchase by
the obligor thereunder;

provided, that:

(A)        a
default, event or condition described in this paragraph shall not at any time constitute an Event of Default unless, at such time, one
or more defaults or events of default of the type described in this paragraph shall have occurred and be continuing with respect to Indebtedness
for Borrowed Money the outstanding principal amount of which individually exceeds $50,000,000, and in the case of Indebtedness for Borrowed
Money of the types described in clauses (i) and (ii) of the definition thereof, with respect to such Indebtedness
which exceeds such amount either individually or in the aggregate; and

(B)        this
paragraph (e) shall not apply to (i) secured Indebtedness that becomes due as a result of the sale, transfer, destruction or other disposition
of the Property or assets securing such Indebtedness for Borrowed Money if such sale, transfer, destruction or other disposition is 

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not
prohibited hereunder and under the documents providing for such Indebtedness, or (ii) any Guarantee Obligations except to the extent such
Guarantee Obligations shall become due and payable by any Loan Party and remain unpaid after any applicable grace period or period permitted
following demand for the payment thereof;

provided,
further, that no Event of Default under this clause (e) shall arise or result from

(1)        [reserved],

(2)        any
change of control (or similar event) under any other Indebtedness for Borrowed Money that is triggered due to the Permitted Investors
(as defined herein) obtaining the requisite percentage contemplated by such change of control provision, unless both (x) such Indebtedness
for Borrowed Money shall become due and payable or shall otherwise be required to be repaid, repurchased, redeemed or defeased, whether
at the option of any holder thereof or otherwise and (y) at such time, the Borrower and/or its Restricted Subsidiaries would not be permitted
to repay such Indebtedness for Borrowed Money in accordance with the terms of this Agreement; or

(3)        any
event or circumstance related to any Immaterial Subsidiary;

(f)(i) Holdings
or the Borrower or any of its Restricted Subsidiaries (other than any Immaterial Subsidiary (whether or not then designated as
such)) shall commence any case, proceeding or other action (A) under any existing or future law of any jurisdiction, domestic or
foreign, relating to bankruptcy, insolvency, reorganization or relief of debtors, 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 (including any
arrangement provisions of the Canada Business Corporations Act (Canada) or any other applicable corporation legislation under the
laws of any Province or Territory of Canada), 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 Holdings or the Borrower or any of its Restricted Subsidiaries (other than
any Immaterial Subsidiary (whether or not then designated as such)) shall make a general assignment for the benefit of its
creditors;

(ii)       there
shall be commenced against Holdings or the Borrower or any of its Restricted Subsidiaries (other than any Immaterial Subsidiary (whether
or not then designated as such)) any case, proceeding or other action of a nature referred to in clause (i) above that (A)
results in the entry of an order for relief or any such adjudication or appointment or (B) remains undismissed, undischarged or unbonded
for a period of 60 days;

(iii)       there
shall be commenced against Holdings or the Borrower or any of its Restricted Subsidiaries (other than any Immaterial Subsidiary (whether
or not then designated as such)) any case, proceeding or other action seeking issuance of a warrant of attachment, execution, distraint
or similar process against substantially all 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;

(iv)       Holdings
or the Borrower or any of its Restricted Subsidiaries (other than any Immaterial Subsidiary (whether or not then designated as such))
shall consent to or approve of, or acquiesce in, any of the acts set forth in clause (i), (ii), or (iii)
above; or 

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(v)       Holdings
or the Borrower or any of its Restricted Subsidiaries (other than any Immaterial Subsidiary (whether or not then designated as such))
shall generally not, or shall be unable to, or shall admit in writing its inability to, pay its debts as they become due;

(g)(i)
the Borrower or any of its Restricted Subsidiaries shall incur any liability in connection with any “prohibited transaction”
(as defined in Section 406 of ERISA or Section 4975 of the Code) involving any Plan;

(ii)        a
failure to meet the minimum funding standards (as defined in Section 302(a) of ERISA), whether or not waived, shall exist with respect
to any Single Employer Plan or any Lien in favor of the PBGC or a Lien shall arise on the assets of the Borrower or any of its Restricted
Subsidiaries;

(iii)        a
Reportable Event shall occur with respect to, or proceedings shall commence to have a trustee appointed, or a trustee shall be appointed,
to administer or to terminate, any Single Employer Plan, which Reportable Event or commencement of proceedings or appointment of a trustee
is reasonably likely to result in the termination of such Single Employer Plan for purposes of Title IV of ERISA;

(iv)        any
Single Employer Plan shall terminate in a distress termination under Section 4041(c) of ERISA or in an involuntary termination by the
PBGC under Section 4042 of ERISA;

(v)        the
Borrower or any of its Restricted Subsidiaries shall, or is reasonably likely to, incur any liability as a result of a withdrawal from,
or the Insolvency of, a Multiemployer Plan; or

(vi)        any
other event or condition shall occur or exist with respect to a Plan or a Commonly Controlled Plan;

and in each case in clauses
(i) through (vi) above, which event or condition, together with all other such events or conditions, if any,
would reasonably be expected to result in a direct obligation of the Borrower or any of its Restricted Subsidiaries to pay money
that would reasonably be expected to have a Material Adverse Effect;

(h)       One
or more final judgments or decrees shall be entered against the Borrower or any of its Restricted Subsidiaries (other than any Immaterial
Subsidiary (whether or not then designated as such)) pursuant to which the Borrower and any such Restricted Subsidiaries taken as a whole
has a liability (not paid or fully covered by third-party insurance or effective indemnity) of $50,000,000 or more (net of any amounts
which are covered by insurance or an effective indemnity), and all such judgments or decrees shall not have been vacated, discharged,
dismissed, stayed or bonded within 60 days from the entry thereof;

(i)       Subject
to Schedule 6.10, any limitations expressly set forth herein and the exceptions set forth in the applicable Security Documents: 

(i)       any
of the Security Documents shall cease, for any reason (other than by reason of the express release thereof in accordance with the terms
thereof or hereof) to be in full force and effect or shall be asserted in writing by the Borrower or any Guarantor not to be a legal,
valid and binding obligation of any party thereto; 

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(ii)       any
security interest purported to be created by any Security Document with respect to any material portion of the Collateral of the Loan
Parties on a consolidated basis shall cease to be, or shall be asserted in writing by any Loan Party not to be, a valid and perfected
security interest (having the priority required by this Agreement or the relevant Security Document) in the securities, assets or properties
covered thereby, except to the extent that (x) any such loss of perfection or priority results from limitations of foreign laws, rules
and regulations as they apply to pledges of Capital Stock in Foreign Subsidiaries or the application thereof, or from the failure of the
Collateral Agent (or, in the case of the Term Loan Agreement First Priority Collateral, the Designated Term Loan Agent) to maintain possession
of certificates actually delivered to it representing securities pledged under the Guarantee and Collateral Agreement or otherwise or
to file UCC continuation statements, (y) such loss is covered by a lender’s title insurance policy and the Administrative Agent
shall be reasonably satisfied with the credit of such insurer or (z) any such loss of validity, perfection or priority is the result of
any failure by the Collateral Agent (or, in the case of the Term Facility First Priority Collateral, the Designated Term Loan Agent) to
take any action necessary to secure the validity, perfection or priority of the security interests; or

(iii)       the
Guarantee Obligations pursuant to the Security Documents by any Loan Party of any of the Obligations shall cease to be in full force and
effect (other than in accordance with the terms hereof or thereof), or such Guarantee Obligations shall be asserted in writing by any
Loan Party not to be in effect or not to be legal, valid and binding obligations; or

(j)(i)
Holdings shall cease to own, directly or indirectly, 100% of the Capital Stock of the Borrower; or

(ii)       for
any reason whatsoever, any “person” or “group” (within the meaning of Rule 13d-5 of the Exchange Act as in
effect on the Amendment No. 8 Effective Date, but excluding any employee benefit plan of such person and its subsidiaries, and any
person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan, and excluding the
Permitted Investors) shall become the “beneficial owner” (within the meaning of Rule 13d-3 and 13d-5 of the Exchange Act
as in effect on the Amendment No. 8 Effective Date), directly or indirectly, of more than the greater of (x) 35% of the then
outstanding voting securities having ordinary voting power of Holdings and (y) the percentage of the then outstanding voting
securities having ordinary voting power of Holdings owned, directly or indirectly, beneficially (within the meaning of Rule 13d-3
and 13d-5 of the Exchange Act as in effect on the Amendment No. 8 Effective Date) by the Permitted Investors (it being understood
that if any such person or group includes one or more Permitted Investors, the outstanding voting securities having ordinary voting
power of Holdings directly or indirectly owned by the Permitted Investors that are part of such person or group shall not be treated
as being owned by such person or group for purposes of determining whether this clause (y) is triggered) (any of the
foregoing, a “Change of Control”);

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

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Borrower declare the Revolving Commitments to be terminated forthwith, whereupon the Revolving Commitments shall
immediately terminate; and

(ii)        with
the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders (or, in accordance with
and subject to the terms of the Agreement Among Lenders, the Supermajority SISO Term Lenders), the Administrative Agent shall, by notice
to the Borrower, declare the Loans hereunder (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.

In the case of 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 at
such time deposit in a Cash Collateral Account an amount equal to the aggregate then undrawn and unexpired amount of such Letters of Credit.
Amounts held in such Cash Collateral Account 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 backstopped or been fully drawn
upon, if any, shall be applied to repay other obligations of the Borrower hereunder and under the other Loan Documents. After all such
Letters of Credit shall have expired or been fully drawn upon, all Reimbursement Obligations shall have been satisfied and all other obligations
of the Borrower then due and owing hereunder and under the other Loan Documents shall have been paid in full, the balance, if any, in
such Cash Collateral Account shall be returned to the Borrower (or such other Person as may be lawfully entitled thereto). Except as expressly
provided above in this Section 8.1 or otherwise in any Loan Document, presentment, demand and protest of any kind are hereby
expressly waived by the Borrower.

8.2       [Reserved].

Section
IX.

THE AGENTS

9.1       Appointment

Each Lender, Issuing Lender
and Swingline Lender hereby irrevocably designates and appoints each Agent as the agent of such Lender under the Loan Documents and each
such Lender irrevocably authorizes each Agent, in such capacity, to take such action on its behalf under the provisions of the applicable
Loan Documents and to exercise such powers and perform such duties as are expressly delegated to such Agent by the terms of the applicable
Loan Documents, together with such other powers as are reasonably incidental thereto, including the authority to enter into any Intercreditor
Agreement and any Extension Amendment. Notwithstanding any provision to the contrary elsewhere in this Agreement, the Agents shall not
have any duties or responsibilities, except those expressly set forth herein, 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 Agents. Without limiting the generality of the foregoing, the Lenders hereby irrevocably authorize and
instruct each Agent to, without any further consent of any Secured Party, enter into (or acknowledge and consent to) or amend, renew,
extend, supplement, restate, replace, waive or otherwise modify the ABL Intercreditor Agreement and any Junior Intercreditor Agreement
with the collateral agent or other representatives of the holders of Indebtedness that is permitted to be secured by a Lien on the Collateral
that is not prohibited (including with respect to priority) under this Agreement and, to the extent applicable, the ABL Intercreditor
Agreement, and to subject the Liens on the Collateral securing the Secured Obligations to the provisions thereof. The Lenders irrevocably
agree that (x) the Agents may rely exclusively on a certificate of a Responsible Officer of the Borrower as to whether any such other
Liens are permitted and (y) the ABL Intercreditor Agreement and any Junior Intercreditor Agreement 

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entered into by either Agent shall be binding on the Lenders,
and each Lender hereby agrees that it will take no actions contrary to the provisions of any Intercreditor Agreement. Upon execution
and delivery of a joinder documentation to this Credit Agreement acceptable to the Tranche B Administrative Agent, the Primary
Administrative Agent and the Borrower, Alter Domus (US) LLC (or such other Person designated by the Primary Administrative Agent and
the Borrower) shall be appointed as the Tranche B Administrative Agent.

9.2       Delegation
of Duties

Each Agent may execute
any of its duties under the applicable Loan Documents by or through any of its branches, agents or attorneys in fact and shall be entitled
to advice of counsel concerning all matters pertaining to such duties. Neither Agent shall be responsible for the negligence or misconduct
of any agents or attorneys in fact selected by it with reasonable care. Each Agent and any such agent or attorney-in-fact may perform
any and all of its duties by or through their respective Related Persons. The exculpatory and indemnity provisions of this Section shall
apply to any such agent or attorney-in-fact and to the Related Persons of each Agent and any such agent or attorney-in-fact, and shall
apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities
as Agent. Without limiting the foregoing, for the avoidance of doubt, Sections 9.3, 9.7 and 10.5
shall inure to the benefit of any such agent or attorney, mutatis mutandis, as if such agent or attorney in fact was the “Agent”.

9.3       Exculpatory
Provisions

Neither any Agent nor
any of their respective officers, directors, employees, agents, attorneys in fact or Affiliates shall be (i) liable for any action
lawfully taken or omitted to be taken by it or such Person under or in connection with this Agreement or any other Loan Document
(except to the extent that any of the foregoing are found by a final and nonappealable decision of a court of competent jurisdiction
to have resulted from its or such Person’s own gross negligence or willful misconduct) or (ii) responsible in any manner to
any of the Lenders for any recitals, statements, representations or warranties made by any Loan Party or any officer thereof
contained in this Agreement or any other Loan Document or in any certificate, report, statement or other document referred to or
provided for in, or received by the Agents under or in connection with, this Agreement or any other Loan Document or for the value,
validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Loan Document or for any failure
of any Loan Party a party thereto to perform its obligations hereunder or thereunder or the creation, perfection or priority of any
Lien purported to be created by the Security Documents or the value or the sufficiency of any Collateral. The Agents shall not be
under any obligation to any Lender to ascertain or to inquire as to the observance or performance of any of the agreements contained
in, or conditions of, this Agreement or any other Loan Document, or to inspect the properties, books or records of any Loan Party,
nor shall any Agent be required to take any action that, in its opinion or the opinion of its counsel, may expose it to liability
that is not subject to indemnification under Section 10.5 or that is contrary to any Loan Document or applicable
law.

9.4       Reliance
by the Agents

(a)       The
Agents shall be entitled to rely, and shall be fully protected in relying, upon any instrument, writing, resolution, notice, consent,
certificate, affidavit, letter, telecopy, telex or teletype message, statement, order or other document or conversation believed by it
to be genuine and correct and to have been signed, sent or made by the proper Person or Persons and upon advice and statements of legal
counsel (including counsel to the Borrower), independent accountants and other experts selected by the Agents. The Tranche B Administrative
Agent shall be entitled to rely, and shall be fully protected in relying, upon any instruction, determination or request of the Primary
Administrative Agent. 

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(b)       Each
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. Each Agent shall be fully justified in failing or refusing to
take any action under the applicable Loan Document unless it shall first receive such advice or concurrence of the Required Lenders (or,
if so specified by this Agreement, all Lenders or the Majority Facility Lenders in respect of any Facility) as it deems appropriate or
it shall first be indemnified to its satisfaction by the Revolving 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.

(c)       The
Agents shall in all cases be fully protected in acting, or in refraining from acting, under the applicable Loan Documents in accordance
with a request of the Required Lenders (or, if so specified by this Agreement, all Lenders or the Majority Facility Lenders in respect
of any Facility), and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders and all
future holders of the Loans. The Tranche B Administrative Agent shall in all cases be fully protected in acting, or in refraining from
acting, under the applicable Loan Documents in accordance with a request of the Primary Administrative Agent, and such request and any
action taken or failure to act pursuant thereto shall be binding upon all the Lenders and all future holders of the Loans. Notwithstanding
anything contained herein to the contrary (but subject to the indemnity provisions of Section 10.5(c)), any action or any
omission to act taken by the Tranche B Administrative Agent at the direction of the Required Lenders (or such other Lenders as may be
required to give such instructions under Section 10.1) or any Agent shall not constitute gross negligence or willful misconduct.

(d)       In
determining compliance with any conditions hereunder to the making of a Loan, the issuance of a Letter of Credit or the creation of an
Acceptance, that by its terms must be fulfilled to the satisfaction of a Lender, an Issuing Lender or Swingline Lender, the Agents may
presume that such condition is satisfactory to such Lender, Issuing Lender or Swingline Lender unless the Administrative Agent shall have
received notice to the contrary from such Lender, Issuing Lender, or Swingline Lender prior to the making of such Loan or the issuance
of such Letter of Credit.

9.5       Notice
of Default

Neither Agent shall
be deemed to have knowledge or notice of the occurrence of any Default or Event of Default unless such Agent has received written
notice from a Lender 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 an Agent receives such a notice, such Agent shall give notice thereof
to the Lenders. The Agents 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 or the Majority Facility Lenders in respect of any
Facility); provided, that unless and until such Agent shall have received such directions, such 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 Agents and Other Lenders

Each Lender expressly
acknowledges that neither the Agents nor any of their respective officers, directors, employees, agents, attorneys in fact or Affiliates
have made any representations or warranties to it and that no act by any Agent hereafter taken, including any review of the affairs of
a Loan Party or any Affiliate of a Loan Party, shall be deemed to constitute any representation or warranty by any Agent to any Lender.
Each Lender represents to the Agents that it has, independently and without reliance upon any Agent or any other Lender, 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 

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and other condition and creditworthiness of the Loan Parties and their Affiliates and made its own decision to make its Loans hereunder
and enter into this Agreement. Each Lender also represents that it will, independently and without reliance upon any Agent or any other
Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis,
appraisals and decisions in taking or not taking action under the applicable Loan Documents, 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 Loan Parties
and their Affiliates. Except for notices, reports and other documents expressly required to be furnished to the Lenders by the Agents
hereunder, the Agents shall not have any 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 Loan Party or any Affiliate
of a Loan Party that may come into the possession of either Agent or any of its officers, directors, employees, agents, attorneys in fact
or Affiliates.

9.7       Indemnification.

(a)       The
Revolving Lenders severally agree to indemnify and hold harmless each Agent, any Issuing Lender and Swingline Lender in its capacity as
such (to the extent not reimbursed by the Borrower and without limiting the obligation of the Borrower to do so), ratably according to
their respective Aggregate Exposure Percentages in effect on the date on which indemnification is sought under this Section 9.7(a)
(or, if indemnification is sought after the date upon which the Commitments shall have terminated and the Loans shall have been paid in
full, ratably in accordance with such Aggregate Exposure Percentages 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 such Agent, any Issuing Lender
or Swingline Lender in any way relating to or arising out of, the Commitments, this Agreement, any of the other Loan Documents, the Agreement
Among Lenders 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 such Agent, any Issuing Lender or Swingline Lender under or in connection with any of the foregoing; 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 from such Agent’s, Issuing Lender’s or Swingline Lender’s gross negligence or willful misconduct.

(b)       The
Tranche B Term Lenders severally agree to indemnify and hold harmless the Primary Administrative Agent and Tranche B Administrative Agent,
in each case, in its capacity as such (to the extent not reimbursed by the Borrower and without limiting the obligation of the Borrower
to do so), ratably based upon the aggregate principal amount of Tranche B Term Loans held by such Tranche B Term Lender 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 Tranche B Term Loans shall have been paid in full, ratably in accordance with the Tranche B Term Loans 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 such Administrative Agent 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 such Administrative Agent under or in connection with any of the foregoing. 

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(c)       The
SISO Term Lenders severally agree to indemnify and hold harmless each Agent in its capacity as such (to the extent not reimbursed by the
Borrower and without limiting the obligation of the Borrower to do so), ratably based upon their respective Aggregate Exposure Percentages
in effect on the date on which indemnification is sought under this Section 9.7(c) (or, if indemnification is sought after
the date upon which the SISO Term Loans shall have been paid in full, ratably in accordance with the respective Aggregate Exposure Percentages
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 such Agent in any way relating to or arising out of, the Commitments, this Agreement, any
of the other Loan Documents, the Agreement Among Lenders 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 such Administrative Agent under or in connection with any of the foregoing;
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 from such Agent’s, Issuing Lender’s or Swingline Lender’s gross negligence
or willful misconduct.

(d)       The
agreements in this Section 9.7 shall survive the payment of the Loans and all other amounts payable hereunder.

9.8       Agent
in Its Individual Capacity

Each Agent and its Affiliates
may make loans to, accept deposits from and generally engage in any kind of business with any Loan Party as though such Agent were not
an Agent. With respect to its Loans or Swingline Loan made or renewed by it and with respect to any Letter of Credit or Acceptance, issued
or participated in by it, as applicable, each Agent shall have the same rights and powers under the applicable Loan Documents as any Lender
and may exercise the same as though it were not an Agent, and the terms “Lender” and “Lenders” shall include each
Agent in its individual capacity.

9.9       Successor
Agents.

(a)       Subject
to the appointment of a successor as set forth herein, any Agent may resign upon 30 days’ notice to the Lenders, the Borrower and
the other Agent. Upon receipt of any such notice of resignation, the Required Lenders shall appoint from among the Lenders (or such other
person reasonably acceptable to the Borrower) a successor agent for the Lenders, which successor agent shall, unless the Borrower consents
in its sole discretion, be a bank that has an office in New York, New York with a combined capital and surplus of at least $500,000,000
and shall (unless an Event of Default under Section 8.1(a) or Section 8.1(f) with respect to the Borrower
shall have occurred and be continuing) be subject to approval by the Borrower (which approval shall not be unreasonably withheld or delayed),
whereupon such successor agent shall succeed to the rights, powers and duties of such retiring Agent, and the retiring Agent’s
rights, powers and duties as Agent shall be terminated, without any other or further act or deed on the part of such retiring Agent or
any of the parties to this Agreement or any holders of the Loans. If no successor Agent shall have been so appointed by the Required
Lenders with such consent of the Borrower and shall have accepted such appointment within 30 days after the retiring Agent’s giving
of notice of resignation (the “Resignation Effective Date”), then the retiring Agent may (but shall not be
obligated to do so), on behalf of the Lenders and, unless an Event of Default under Section 8.1(a) or Section 8.1(f)
with respect to the Borrower shall have occurred and be continuing, with the consent of the Borrower (such consent not to be
unreasonably withheld or delayed) appoint a successor Administrative Agent and/or Collateral Agent, as the case may be, with the qualifications
set forth above (other than any such Agent is a Lender at such time). Whether or not a successor has been 

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appointed, such Agent’s resignation shall become effective in
accordance with such notice on the Resignation Effective Date. After any retiring Agent’s resignation as Agent, the provisions
of this Section 9 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Agent
under this Agreement and the other Loan Documents. If no successor Agent has been appointed and such appointment is effective by the
Resignation Effective Date, any other then existing Agent (in the sole discretion of such Agent) may become such successor Agent
and, if no other then-existing Agent elects to become such successor Agent, all payments, communications and determinations required
to be made by, to or through the retiring Administrative Agent shall instead be made by or to each Lender (and other Persons entitle
to payments) directly (and each Lender (and each other Person) will cooperate with the Borrower to enable the Borrower to take such
actions), until such time as the Required Lenders appoint a successor Administrative Agent as provided in this clause
(a); provided, until a successor Agent has been appointed by Required Lenders and such appointment is
effective, the Borrower may appoint a paying agent to make such payments, communications and/or determinations on behalf of all such
Lenders and other Persons.

(b)       If
at any time either the Borrower or the Required Lenders determine that any Person serving as an Agent is a Defaulting Lender, the Borrower
by notice to the Lenders and such Person or the Required Lenders by notice to the Borrower and such Person may, subject to the appointment
of a successor as set forth herein, remove such Person as an Agent. If such Person is removed as an Agent, the Required Lenders shall
appoint from among the Lenders a successor agent for the Lenders, which successor agent shall (unless an Event of Default under Section
8.1(a) or Section 8.1(f) with respect to the Borrower shall have occurred and be continuing) be subject to approval
by the Borrower (which approval shall not be unreasonably withheld or delayed), whereupon such successor agent shall succeed to the rights,
powers and duties of such retiring Agent, and the retiring Agent’s rights, powers and duties as Agent shall be terminated, without
any other or further act or deed on the part of such retiring Agent or any of the parties to this Agreement or any holders of the Loans.
Such removal will, to the fullest extent permitted by applicable law, be effective on the date a replacement Agent is appointed.

(c)       Any
resignation by the Administrative Agent pursuant to this Section 9 shall also constitute its resignation as Collateral Agent
and, if applicable, Issuing Lender and Swingline Lender. Upon the acceptance of a successor’s appointment as Administrative Agent
hereunder, (i) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring
Collateral Agent and, if applicable, Issuing Lender and Swingline Lender, provided that, to the extent such successor Administrative
Agent is not capable of becoming an Issuing Lender, such successor shall not so succeed and become vested and another Issuing Lender may
be appointed in accordance with clause (c) of the definition of “Issuing Lender”, (ii) the retiring Collateral
Agent, Issuing Lender and Swingline Lender shall be discharged from all of its respective duties and obligations hereunder or under the
other Loan Documents, and (iii) the successor Issuing Lender shall issue letters of credit in substitution for or to backstop the Letters
of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to the retiring Issuing Lender to
effectively assume the obligations of the retiring Issuing Lender with respect to such Letters of Credit.

9.10       Authorization
to Release Liens and Guarantees

The Agents are hereby irrevocably
authorized by each of the Lenders to effect any release or subordination of Liens or Guarantee Obligations contemplated by Section
10.15.

9.11       Agents
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, to the maximum extent permitted
by applicable law, each Agent 

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(irrespective of whether the principal of any Loan or L/C Obligation shall then be due and payable as herein
expressed or by declaration or otherwise and irrespective of whether either Agent shall have made any demand on the Borrower) shall be
entitled and empowered, by intervention in such proceeding or otherwise,

(a)       to
file a proof of claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, L/C Obligations and
all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the
claims of the Lenders, the Issuing Lenders, the Swingline Lender and the Agents (including any claim for the reasonable compensation,
expenses, disbursements and advances of the Lenders, the Issuing Lenders, the Swingline Lender and the Agents and their respective agents
and counsel and all other amounts due the Lenders, the Issuing Lenders, the Swingline Lender and the Agents under Sections 2.9,
3.3 and 10.5) allowed in such judicial proceeding; and

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

and any custodian, receiver, assignee, trustee,
liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender, each Issuing Lender
and the Swingline Lender to make such payments to the Agents and, if either Agent shall consent to the making of such payments directly
to the Lenders, Issuing Lenders and Swingline Lender, to pay to such Agent any amount due for the reasonable compensation, expenses, disbursements
and advances of such Agent and its agents and counsel, and any other amounts due to such 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, Issuing Lender
or Swingline Lender any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any
Lender, Issuing Lender or Swingline Lender to authorize such Agent to vote in respect of the claim of any Lender, Issuing Lender or Swingline
Lender or in any such proceeding.

9.12       Specified
Hedge Agreements, Specified Cash Management Obligations and Specified Additional Obligations.

(a)       Except
as otherwise expressly set forth herein or in any Security Documents, to the maximum extent permitted by applicable law, no Person that
obtains the benefits of any guarantee by any Guarantor of the Obligations or any Collateral with respect to any Specified Hedge Agreement
entered into by it and the Borrower or any Subsidiary Guarantor or with respect to any Specified Cash Management Obligations or Specified
Additional Obligations owed by the Borrower or any Subsidiary Guarantor to such Person shall have any right to notice of any action or
to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of the Collateral (including
the release or impairment of any Collateral) other than, if applicable, in its capacity as a Lender and, in such case, only to the extent
expressly provided in the Loan Documents. Notwithstanding any other provision of this Section 9 to the contrary, neither
Agent shall be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, obligations
arising under any Specified Hedge Agreement or with respect to Specified Cash Management Obligations or with respect to Specified Additional
Obligations unless such Agent has received written notice of such obligations (together with the information required by Sections
9.12(b) and (c) below), together with such other supporting documentation as it may request, from the applicable
Person to whom such obligations are owed. 

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(b)       The
Borrower and any Hedge Bank may from time to time designate the Hedge Agreement to which they are parties as being a “Specified
Hedge Agreement” upon written notice (a “Hedge Designation Notice”) to the Administrative Agent from the
Borrower, which Hedge Designation Notice shall include (i) a description of such Hedge Agreement and (ii) the maximum portion (expressed
in Dollars) of the Hedge Termination Value thereunder, if any, that is elected by the Borrower to constitute a “Designated Hedge
Pari Passu Distribution Amount” and as to which an equal reserve shall be taken against the Tranche A Borrowing Base as a Specified
Reserve (such portion, a “Designated Hedge Pari Passu Distribution Amount” and the obligations under such Specified
Hedge Agreement (to the extent a Specified Reserve equal to such Designated Hedge Pari Passu Distribution Amount exists with respect to
such Specified Hedge Agreement), “Pari Passu Distribution Hedge Obligations”); provided, that
no such Designated Hedge Pari Passu Distribution Amount with respect to any Specified Hedge Agreement shall constitute Pari Passu Distribution
Hedge Obligations (and no such Specified Reserve shall be established by the Administrative Agent in connection therewith) to the extent
that, at the time of delivery of the applicable Hedge Designation Notice and after giving effect to such Designated Hedge Pari Passu Distribution
Amount (including any Specified Reserve with respect to such Pari Passu Distribution Hedge Obligations to be established by the Administrative
Agent in connection therewith), the difference between Tranche A Availability and the Tranche A Revolving Extensions of Credit then outstanding
would be less than zero (it being understood, for the avoidance of doubt, that in such a case (1) a Specified Reserve shall be established
in an amount equal to the amount that will cause the difference between Tranche A Availability and the Tranche A Revolving Extensions
of Credit then outstanding (after giving effect to such Specified Reserve) to equal zero, (2) the Designated Hedge Pari Passu Distribution
Amount in respect of such Specified Hedge Agreement shall be deemed to equal the amount of such Specified Reserve and (3) a portion of
the Secured Obligations in respect of such Specified Hedge Agreement equal to the amount of such Specified Reserve shall constitute Pari
Passu Distribution Hedge Obligations to the extent such Specified Reserve exists).

(c)       The
Borrower and any counterparty may from time to time designate obligations towards such counterparty as being a “Specified Additional
Obligation”, subject, in the case of principal, to the limitations set forth in the definition thereof, upon written notice (an
“Additional Obligation Designation Notice”) to the Administrative Agent from the Borrower, which Additional
Obligation Designation Notice shall include (i) a description of such obligations and (ii) the amount (expressed in Dollars) thereunder,
if any, that is elected by the Borrower to constitute a Designated Additional Obligation Pari Passu Distribution Amount and as to which
an equal reserve shall be taken against the Tranche A Borrowing Base as a Specified Reserve (such amount, a “Designated Additional
Obligation Pari Passu Distribution Amount” and such obligations (to the extent a Specified Reserve equal to such Designated
Additional Obligation Pari Passu Distribution Amount exists with respect to such Specified Additional Obligations), “Pari
Passu Distribution Additional Obligations”); provided, that no such Designated Additional Obligation Pari
Passu Distribution Amount with respect to any obligations shall constitute Pari Passu Distribution Additional Obligations (and no such
Specified Reserve shall be established by the Administrative Agent in connection therewith) to the extent that, at the time of delivery
of the applicable Additional Obligation Designation Notice and after giving effect to such Designated Additional Obligation Pari Passu
Distribution Amount (including any Specified Reserve with respect to such Pari Passu Distribution Additional Obligations to be established
by the Administrative Agent in connection therewith), the difference between Tranche A Availability and the Tranche A Revolving Extensions
of Credit then outstanding would be less than zero (it being understood, for the avoidance of doubt, that in such a case (1) a Specified
Reserve shall be established in an amount equal to the amount that will cause the difference between Tranche A Availability and the Tranche
A Revolving Extensions of Credit then outstanding (after giving to such Specified Reserve) to equal zero, (2) the Designated Additional
Obligation Pari Passu Distribution Amount in respect of such obligations shall be deemed to equal the amount of such Specified Reserve
and (3) a portion of the Secured Obligations in respect of such obligations equal to the amount of such Specified Reserve plus
any accrued interest or 

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fees in respect of such Designated Additional Obligation Pari Passu Distribution Amount shall constitute Pari
Passu Distribution Additional Obligations to the extent such Specified Reserve exists).

(d)       The
Borrower and the applicable Hedge Bank or counterparty, as applicable, may increase, decrease or terminate any Designated Hedge Pari Passu
Distribution Amount or Designated Additional Obligation Pari Passu Distribution Amount, as applicable, in respect of a Specified Hedge
Agreement or other obligations, respectively, upon written notice to the Administrative Agent, in which case the Administrative Agent
shall promptly make a corresponding adjustment to the Specified Reserve with respect thereto; provided, that any increase
in a Designated Hedge Pari Passu Distribution Amount or Designated Additional Obligation Pari Passu Distribution Amount, as applicable,
shall be deemed to be a new designation of a Designated Hedge Pari Passu Distribution Amount or Designated Additional Obligation Pari
Passu Distribution Amount, as applicable, pursuant to a new Hedge Designation Notice or Additional Obligation Designation Notice, respectively,
and shall be subject to the limitations set forth in Section 9.12(b) or Section 9.12(c), as applicable. For
the avoidance of doubt, obligations under any Hedge Agreement designated pursuant to this Section 9.12 in excess of the
applicable Designated Hedge Pari Passu Distribution Amount, and obligations under any Specified Additional Obligations designated pursuant
to this Section 9.12 in excess of the applicable Designated Additional Obligation Pari Passu Distribution Amount, shall
in each case constitute Secured Obligations under a Specified Hedge Agreement or Specified Additional Obligation, as applicable, but shall
be entitled to a lesser priority of payment as set forth in Section 6.6 of the Guarantee and Collateral Agreement.

9.13       Lead
Arranger; SISO Term Loan Agent

Neither the Lead Arranger
nor the SISO Term Loan Agent shall have any duties or responsibilities hereunder in their respective capacities.

9.14       Erroneous
Payment

(a)       Each
Lender hereby agrees that (i) if the Administrative Agent notifies such Lender that the Administrative Agent has
determined in its sole discretion that any funds received by such Lender from the Administrative Agent or any of its Affiliates
were erroneously transmitted to, or otherwise erroneously or mistakenly received by, such Lender (whether or not known to such
Lender) (whether as a payment, prepayment or repayment of principal, interest, fees or otherwise; individually and collectively, a
“Erroneous Payment”) within ten (10) Business Days of the making of such Erroneous Payment, and demands
the return of such Erroneous Payment (or a portion thereof), such Lender shall promptly, but in no event later than five (5)
Business Days thereafter, return to the Administrative Agent the amount of any such Erroneous Payment (or portion thereof) as to
which such a demand was made, in same day funds (in the currency so received), together with interest thereon in respect of each day
from and including the last day of such five (5) Business Day period to the date such amount is repaid to the Administrative Agent
in same day funds 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 from time to time in effect and (ii) to the extent permitted by applicable
law, such Lender shall not assert any right or claim to the Erroneous Payment, and hereby waives, any claim, counterclaim, defense
or right of set-off or recoupment with respect to any demand, claim or counterclaim by the Administrative Agent for the return of
any Erroneous Payments received, including without limitation waiver of any defense based on “discharge for value” or
any similar doctrine. A notice of the Administrative Agent to any Lender under this clause (a) shall be conclusive, absent
manifest error.

(b)       Without
limiting immediately preceding clause (a), each Lender hereby further agrees that if it receives an Erroneous Payment from
the Administrative Agent (or any of its Affiliates) (x) that is in a different amount than, or on a different date from, that specified
in a notice of payment sent by the 

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Administrative Agent (or any of its Affiliates) with respect to such Erroneous Payment (an “Erroneous
Payment Notice”), (y) that was not preceded or accompanied by an Erroneous Payment Notice, or (z) that such Lender otherwise
becomes aware was transmitted, or received, in error or by mistake (in whole or in part), in each case, an error has been made (and that
it is deemed to have knowledge of such error at the time of receipt of such Erroneous Payment) with respect to such Erroneous Payment,
and to the extent permitted by applicable law, such Lender shall not assert any right or claim to the Erroneous Payment, and hereby waives,
any claim, counterclaim, defense or right of set-off or recoupment with respect to any demand, claim or counterclaim by the Administrative
Agent for the return of any Erroneous Payments received, including without limitation waiver of any defense based on “discharge
for value” or any similar doctrine.  Each Lender agrees that, in each such case, it shall promptly (and, in all events, within
one Business Day of its knowledge (or deemed knowledge) of such error) notify the Administrative Agent of such occurrence and, upon demand
from the Administrative Agent, it shall promptly, but in all events no later than five (5) Business Days thereafter, return to the Administrative
Agent the amount of any such Erroneous Payment (or portion thereof) as to which such a demand was made in same day funds (in the currency
so received), together with interest thereon in respect of each day from and including the last day of such five (5) Business Day period
to the date such amount is repaid to the Administrative Agent in same day funds 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 from time to time in
effect.

(c)       The
Borrower and each other Loan Party hereby agrees that (x) in the event an Erroneous Payment (or portion thereof) is not recovered from
any Lender that has received such Erroneous Payment (or portion thereof) for any reason, the Administrative Agent shall be subrogated
to all the rights of such Lender with respect to such amount and (y) an Erroneous Payment shall not pay, prepay, repay, discharge or otherwise
satisfy any Obligations owed by the Borrower or any other Loan Party.

(d)       Each
party’s obligations under this Section 9.14 shall survive the resignation or replacement of the Administrative Agent,
the termination of the Commitments or the repayment, satisfaction or discharge of all Obligations (or any portion thereof) under any
Loan Document.

Section
X.

MISCELLANEOUS

10.1       Amendments
and Waivers.

(a)       Except
to the extent otherwise expressly set forth in this Agreement (including Sections 2.26, 7.11 and 10.16)
or the applicable Loan Documents, neither this Agreement, any other Loan Document, 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 and Local Borrowing Subsidiary party to the relevant Loan Document may, subject to the acknowledgment of the Administrative
Agent, or, with the written consent of the Required Lenders, the Administrative Agent and each Loan Party and Local Borrowing Subsidiary
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, deleting or otherwise modifying any provisions to this Agreement or the other
Loan Documents or changing in any manner the rights or obligations of the Agents, the Issuing Lenders, the Swingline Lender or the Lenders
or of the Loan Parties or their Subsidiaries or the Local Borrowing Subsidiaries hereunder or thereunder or (ii) waive, on such terms
and conditions as the Required Lenders or the 

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Administrative Agent 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, however, that no such waiver and no such amendment, supplement or modification
shall:

(A)       forgive
or reduce the principal amount or extend the final scheduled date of maturity of any Loan, reduce the stated rate of any interest, fee
or premium payable hereunder (except (x) in connection with the waiver of applicability of any post-default increase in interest rates
(which waiver shall be effective with the consent of the Required Lenders) and (y) that any amendment or modification of defined terms
used in the financial ratios in this Agreement shall not 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, or increase the amount or extend the expiration date of any Lender’s
Commitment, in each case without the written consent of each Lender directly and adversely affected thereby, which such consent of each
Lender directly and adversely affected thereby shall be sufficient to effect such waiver without regard for a Required Lender consent;

(B)       amend,
modify or waive any provision of paragraph (a) of this Section 10.1 without the written consent of all Lenders;

(C)       reduce
any percentage specified in the definition of Required Lenders or Supermajority 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 (except as provided in Section 7.4(j)),
release all or substantially all of the Collateral or release all or substantially all of the Guarantors from their obligations under
the Guarantee and Collateral Agreement, in each case without the written consent of all Lenders (except as expressly permitted hereby
(including pursuant to Section 7.4 or 7.5) or by any Security Document);

(D)       amend,
modify or waive any provision of paragraph (a) or (c) of Section 2.18 or Section 6.6 of the Guarantee and
Collateral Agreement without the written consent of all Lenders directly and adversely affected thereby;

(E)       reduce
the number of Appraisals, investigations, reviews, verifications and field examinations conducted and reports provided pursuant to Section
6.14 without the written consent of Supermajority Lenders;

(F)       reduce
the percentage specified in the definition of Majority Facility Lenders with respect to any Facility without the written consent of all
Lenders under such Facility, which consent shall be sufficient to effect such waiver under the applicable Facility without regard for
a Required Lender consent;

(G)       amend,
modify or waive any provision of Section 9 with respect to any Agent without the written consent of such Agent;

(H)       amend,
modify or waive any provision of Section 3 with respect to any Issuing Lender without the written consent of such Issuing
Lender;

(I)       [reserved]; 

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(J)       amend,
modify or waive any provision of Section 2.6 without the written consent of the Swingline Lender;

(K)       affect
the rights or duties of each Local Fronting Lender under this Agreement or the other Loan Documents without the written consent of such
Local Fronting Lender; or

(L)       amend,
supplement or otherwise modify or waive any of the terms and provisions (and related definitions) related to the Borrowing Base
(including an amendment for the purpose of establishing any additional borrowing base in respect of assets owned by Foreign
Subsidiaries) and any provisions (including advance rates) relating to the Maximum Availability, Tranche
A Availability or Revolving Extensions of Credit in any manner that has the effect of increasing the amounts
available to be borrowed hereunder without the written consent of the Supermajority Lenders; provided, however,
that the foregoing shall not apply to any such waivers, consents or other modifications related to the Borrowing Base or any
provisions relating to the Maximum Availability, Tranche
A Availability or Revolving Extensions of Credit that have the effect of increasing the amounts available to be
borrowed hereunder to the extent expressly permitted hereunder, which waivers, consents or other modifications shall not, for the
avoidance of doubt, constitute amendments, supplements or other modifications subject to this Section 10.1(a).

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 Local Borrowing
Subsidiaries, the Lenders, the Issuing Lender, the Agents and all future holders of the Loans. In the case of any waiver, the Loan Parties,
the Lenders, the Issuing Lender and the Agents 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 and not continuing unless limited by the terms of such
waiver; but no such waiver shall extend to any subsequent or other Default or Event of Default, or impair any right consequent thereon.

Notwithstanding anything to the contrary
herein, any amendment, modification, waiver or other action which by its terms requires the consent of all Lenders, all Revolving Lenders
or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders, except that (x) the
Commitment of any such Defaulting Lender may not be increased or extended, the maturity of the Loans of any such Defaulting Lender may
not be extended, the rate of interest on any of such Loans may not be reduced and the principal amount of any of such Loans may not be
forgiven, in each case without the consent of such Defaulting Lender and (y) any amendment, modification, waiver or other action that
by its terms adversely affects any such Defaulting Lender in its capacity as a Lender in a manner that differs in any material respect
from, and is more adverse to such Defaulting Lender than it is to, other affected Lenders shall require the consent of such Defaulting
Lender.

(b)       Any
waiver, amendment, supplement or modification otherwise permitted pursuant to Section 10.1(a) shall not be permitted to
the extent that such waiver, amendment, supplement or modification

(i)       Tranche
A Revolving Facility

(A)       amends,
supplements or otherwise modifies or waives any of the terms and provisions (and related definitions) related to the Tranche A Borrowing
Base or the 

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Tranche A Revolving Borrowing Base (in each case, including an amendment for the purpose of establishing any additional borrowing
base in respect of assets owned by Foreign Subsidiaries) or any provisions (including advance rates) relating to the Tranche A Availability
or Tranche A Revolving Extensions of Credit, in each case, in any manner that has the effect of increasing the amounts available to be
borrowed from the Tranche A Revolving Lenders hereunder without the written consent of the Supermajority Tranche A Revolving Lenders;
provided, that the foregoing shall not apply to any such waivers, consents or other modifications related to the Tranche A Borrowing
Base or the Tranche A Revolving Borrowing Base or any provisions relating to the Tranche A Availability or Tranche A Revolving Extensions
of Credit that have the effect of increasing the amounts available to be borrowed hereunder to the extent expressly permitted hereunder
with the approval of the Administrative Agent, the Required Tranche A Revolving Lenders and the Required SISO Term Lenders, which waivers,
consents or other modifications shall not, for the avoidance of doubt, constitute amendments, supplements or other modifications subject
to this Section 10.1(b)(i)(A) (for avoidance of doubt, it being understood that this Clause (A) shall not limit the discretion of the
Administrative Agent to change, establish or eliminate any reserves (other than the Push Down Reserve) in accordance with customary banking
practices for comparable asset-based transactions and otherwise consistent with past practices);

(B)       amends,
supplements or otherwise modifies or waives any term of this Agreement or any other Loan Document in a manner that adversely and disproportionally
affects the rights of the Tranche A Revolving Lenders as compared to other Revolving Lenders without the written consent of the Required
Tranche A Revolving Lenders;

(C)       reduces
any percentage specified in the definition of Required Tranche A Revolving Lenders or Supermajority Tranche A Revolving Lenders without
the written consent of all Tranche A Revolving Lenders;

(D)       amends,
supplements or otherwise modifies or waives:

(I)       any
provision of Section 5.2(b) in respect of a Default or Event of Default arising pursuant to Section 7.1 if a Liquidity Event
Period has occurred and is continuing or such amendment, supplement, modification or waiver would give rise to a Liquidity Event Period;
or

(II)       the
last sentence of Section 5.2, in each case, without the written consent of the Required Tranche A Revolving Lenders;

(E)       amends,
supplements or otherwise modifies or waives any provision of Section 6.2(b) or Section 7.1 (or component definitions
used in Section 7.1) that has the effect of

(I)        changing
the calculation of Financial Covenant Fixed Charge Coverage Ratio in a manner more favorable to the Loan Parties or

(II)        reducing
the frequency of testing or reporting of the Financial Covenant Fixed Charge Coverage Ratio,

without the written
consent of the Required Tranche A Revolving Lenders; 

    	 	212	 

     

    

(F)       amends,
supplements or otherwise modifies or waives any provision of Section 2.33 or the definition of “Protective Advances”
in any manner that has the effect of increasing the aggregate principal amount of Protective Advances permitted to be made, without the
written consent of the Required Tranche A Revolving Lenders;

(G)       amends,
supplements or otherwise modifies or waives any provision of Section 10.6(i) to permit the assignments of Commitments or
Loans to the Sponsor, any Affiliate thereof, Holdings or any of its Subsidiaries, without the written consent of the Required Tranche
A Revolving Lenders;

(H)       amends,
supplements or otherwise modifies or waives any provision of Section 6.2(g)(i) or any other provision of the Credit Agreement
in any manner that reduces the frequency of the delivery of Borrowing Base Certificates or eliminates any requirement to deliver Borrowing
Base Certificates as set forth in Section 6.2(g)(i) or such other provision of the Credit Agreement, without the written
consent of the Required Tranche A Revolving Lenders;

(I)       amends,
supplements or otherwise modifies or waives any provision of any Loan Document to add new tranches or classes of Loans that are senior
to or pari passu in right of payment with the SISO Term Loans or the Tranche A Revolving Loans, without the written consent of the Required
Tranche A Revolving Lenders;

(J)       amends,
supplements or otherwise modifies or waives any provision of Section 6.14 permitting the Required SISO Term Lenders to cause
to be conducted Appraisals, field examinations and the other collateral monitoring activities permitted to be conducted pursuant thereto
as of the Amendment No. 7 Effective Date, without the written consent of the Required Tranche A Revolving Lenders;

(K)       amend,
modify or waive any provision of paragraph (c) of Section 2.11 or Section 6.6 of the Holdings Guarantee and
Pledge Agreement without the written consent of all Tranche A Revolving Lenders directly and adversely affected thereby;

(L)       amends,
modifies or waives any provision of paragraph (b)(i), (b)(iii) or (b)(iv) of this Section
10.1 without the written consent of all Tranche A Revolving Lenders directly and adversely affected thereby;

(M)       amends,
modifies or waives the last sentence of Section 10.15(a) without the written consent of the Required Tranche A Revolving
Lenders; or

(N)       directly
or indirectly amends or modifies the definition of “Cash Dominion Period” or “Liquidity Event Period” without
the written consent of the Required Tranche A Revolving Lenders.

(ii)       SISO
Term Facility

(A)       amends,
supplements or otherwise modifies or waives any of the terms and provisions (and related definitions) related to the Tranche A Borrowing
Base or the Tranche A Revolving Borrowing Base (in each case, including an amendment for the purpose of establishing any additional borrowing
base in respect of assets owned by Foreign Subsidiaries) or any provisions (including advance rates) relating to the Tranche A Availability
or Tranche A Revolving Extensions of Credit, in each case, in any manner 

    	 	213	 

     

    

that has the effect of increasing the amounts available to be
borrowed from the Tranche A Revolving Lenders hereunder, without the written consent of the Supermajority SISO Term Lenders; provided,
that the foregoing shall not apply to any such waivers, consents or other modifications related to the Tranche A Borrowing Base or the
Tranche A Revolving Borrowing Base or any provisions relating to the Tranche A Availability or Tranche A Revolving Extensions of Credit
that have the effect of increasing the amounts available to be borrowed hereunder to the extent expressly permitted hereunder with the
approval of the Administrative Agent, the Required Tranche A Revolving Lenders and the Required SISO Term Lenders, which waivers, consents
or other modifications shall not, for the avoidance of doubt, constitute amendments, supplements or other modifications subject to this
Section 10.1(b)(ii)(A) (for avoidance of doubt, it being understood that this Clause (A) shall not limit the discretion of the Administrative
Agent to change, establish or eliminate any reserves (other than the Push Down Reserve) in accordance with customary banking practices
for comparable asset-based transactions and otherwise consistent with past practices);

(B)       
amends, supplements or otherwise modifies or waives any term of this Agreement or any other Loan Document in a manner that adversely and
disproportionally affects the rights of the SISO Term Lenders as compared to other Lenders, without the written consent of the Required
SISO Term Lenders;

(C)       reduces
any percentage specified in the definition of Required SISO Term Lenders or Supermajority SISO Term Lenders, without the written consent
of all SISO Term Lenders;

(D)       amends,
supplements or otherwise modifies or waive:

(I)       any
provision of Section 5.2(b) in respect of a Default or Event of Default arising pursuant to Section 7.1 if a Liquidity Event
Period has occurred and is continuing or such amendment, supplement, modification or waiver would give rise to a Liquidity Event Period;
or

(II)       the
last sentence of Section 5.2, in each case, without the written consent of the Required SISO Term Lenders;

(E)       amends,
supplements or otherwise modifies or waives any provision of Section 6.2(b) or Section 7.1 (or component definitions
used in Section 7.1) that has the effect of

(I)        changing
the calculation of Financial Covenant Fixed Charge Coverage Ratio in a manner more favorable to the Loan Parties, or

(II)        reducing
the frequency of testing or reporting of the Financial Covenant Fixed Charge Coverage Ratio,

without the written
consent of the Required SISO Term Lenders;

(F)       amends,
supplements or otherwise modifies or waives any provision of Section 2.33 or the definition of “Protective Advances”
in any manner that has the effect of increasing the aggregate principal amount of Protective Advances permitted to be made, without the
written consent of the Required SISO Term Lenders; 

    	 	214	 

     

    

(G)       amends,
supplements or otherwise modifies or waives any provision of Section 10.6(i) to permit the assignments of Commitments or
Loans to the Sponsor, any Affiliate thereof, Holdings or any of its Subsidiaries, without the written consent of the Required SISO Term
Lenders;

(H)       amends,
supplements or otherwise modifies or waives any provision of Section 6.2(g)(i) or any other provision of the Credit Agreement
in any manner that reduces the frequency of the delivery of Borrowing Base Certificates or eliminates any requirement to deliver Borrowing
Base Certificates as set forth in Section 6.2(g)(i) or such other provision of the Credit Agreement, without the written
consent of the Required SISO Term Lenders;

(I)       amends,
supplements or otherwise modifies or waives any provision of any Loan Document to add new tranches or classes of Loans that are senior
to or pari passu in right of payment with the SISO Term Loans or the Tranche A Revolving Loans, without the written consent of the Required
SISO Term Lenders;

(J)       amends,
supplements or otherwise modifies or waives any provision of Section 6.14 permitting the Required SISO Term Lenders to cause
to be conducted Appraisals, field examinations and the other collateral monitoring activities permitted to be conducted pursuant thereto
as of the Amendment No. 7 Amendment Date, without the written consent of the Required SISO Term Lenders;

(K)       amend,
modify or waive any provision of paragraph (c) of Section 2.11 or Section 6.6 of the Holdings Guarantee and
Pledge Agreement without the written consent of all SISO Term Lenders directly and adversely affected thereby;

(L)       amends,
modifies or waives any provision of paragraph (b)(ii), (b)(iii) or (b)(iv) of this Section 10.1
without the written consent of all SISO Term Lenders directly and adversely affected thereby;

(M)       amends,
modifies or waives the last sentence of Section 10.15(a) without the written consent of the Required SISO Term Lenders;
or

(N)       directly
or indirectly amends or modifies the definition of “Cash Dominion Period” or “Liquidity Event Period” without
the written consent of the Required SISO Term Lenders.

(iii)       Class
Voting. 

(A)       directly
or indirectly, amends or modifies the definition of “Applicable Margin” to increase

(1)       the
interest rate in respect of the Tranche A Revolving Loans without a corresponding increase (taking into account any changes to any “LIBOR
floor” or “Eurocurrency Rate floor” or similar floor in connection with such amendment or modification, to the extent
such floor is greater than the Eurocurrency Rate in effect for an Interest Period of three months at such time) in the interest rate
of the SISO Term Loans or 

    	 	215	 

     

    
(2)       the
interest rate in respect of the SISO Term Loans without a corresponding increase in the interest rate (taking into account any changes
to any “LIBOR floor” or “Eurocurrency Rate floor” or similar floor in connection with such amendment or modification,
to the extent such floor is greater than the Eurocurrency Rate in effect for an Interest Period of three months at such time) of the Tranche
A Revolving Loans;

(B)       amends
or modifies any provision of the Credit Agreement or any other Loan Document to add any “call premium”, “prepayment
premium” or “make-whole amount”, “exit fee” or any similar fee in respect of the prepayment or repayment
of the Tranche A Revolving Loans or the SISO Term Loans;

(C)       amends
or modifies the definition of “Required Lenders”, “Supermajority Lenders”, “Majority Facility Lenders”,
“Required SISO Term Lenders”, “Supermajority SISO Term Lenders”, “Required Tranche A Revolving Lenders”
or “Supermajority Tranche A Revolving Lenders;

(D)       amends,
supplements or otherwise modifies or waives any provision of Section 2.33 or the definition of “Protective Advances”
in any manner that has the effect of increasing the aggregate principal amount of Protective Advances permitted to be made;

(E)       amends,
supplements or otherwise modifies or waives any provision of Section 10.7 to alter the pro rata sharing or application of
payment required thereby; or

(F)       of
the last sentence of Section 10.15(a), or the requirement to deliver a pro forma Borrowing Base Certificate pursuant to
Section 10.15(a);

in each case of clauses
(A) through (F) of this paragraph (b)(iii) of this Section 10.1, (x) to the extent the Tranche A Revolving Lenders
are adversely affected thereby, without the written consent of the Required Tranche A Revolving Lenders or (y) to the extent the SISO
Term Lenders are adversely affected thereby, without the written consent of the Required SISO Term Lenders.

(iv)       Additional
Supermajority Voting. Without the consent of Supermajority Lenders, amend, modify or waive any provision of Section 6.1,
6.2(b), 6.6 or (other than as set forth paragraph (b)(ii) of this Section 10.1)
6.14, in each case, in a direct and adverse manner to any non-consenting Tranche A Revolving Lender or SISO Term Lender.

(c)       Any
waiver, amendment, supplement or modification otherwise permitted pursuant to Section 10.1(a) shall not be permitted to
the extent that such waiver, amendment, supplement or modification, amends, supplements or modifies the rights, duties or obligations
of an Agent without the written consent of such Agent directly and adversely affected thereby.

(d)       In
addition, notwithstanding the foregoing, this Agreement or any other Loan Document may be amended with the written consent of the Administrative
Agent (not to be unreasonably withheld, delayed or conditioned), the Borrower and the Lenders providing the relevant Refinancing Revolving
Commitments, Refinancing Term Loans or Refinancing Tranche B Loans (each as defined below), as may be necessary or appropriate, in the
opinion of the Borrower and the Administrative Agent, to provide for the incurrence of Permitted Revolving Refinancing Obligations (or,
solely after the occurrence of the Tranche A Revolving Discharge Date, Permitted SISO Refinancing Obligations, or so long as the 

    	 	216	 

     

    

Tranche
B Repayment Conditions are met, obligations to refinance the Tranche B Term Facility) under this Agreement in the form
of a new tranche of Revolving Commitments hereunder (“Refinancing Revolving Commitments”), which Refinancing
Revolving Commitments will be used to refinance or replace all of the Revolving Commitments hereunder (“Refinanced Revolving
Commitments”) or, solely after the occurrence of the Tranche A Revolving Discharge
Date, a new tranche of term loans hereunder (“Refinancing Term Loans”), which
Refinancing Term Loans will be used to refinance or replace all of the SISO Term Loans hereunder (“Refinanced Term
Loans”), or, so long as the Tranche B Repayment Conditions are met, a new tranche of term loans hereunder (the “Refinancing
Tranche B Loans”), which Refinancing Tranche B Loans will be used to refinance or replace all of the Tranche B Term Loans
hereunder (“Refinanced Tranche B Loans”); provided, that

(i)       (x)
the aggregate amount of such Refinancing Revolving Commitments shall not exceed the aggregate amount of such Refinanced Revolving Commitments
(plus accrued interest, fees, discounts, premiums and expenses and any amounts necessary or appropriate to Cash Collateralize
any then outstanding Letters of Credit), (y) the aggregate amount of such Refinancing Term Loans shall not exceed the aggregate amount
of such Refinanced Term Loans (plus accrued interest, fees, discounts, premiums and expenses) and (z) the aggregate amount
of such Refinancing Tranche B Loans shall not exceed the aggregate amount of such Refinanced Tranche B Loans (plus accrued
interest, fees, discounts, premiums and expenses); and

(ii)       in
connection with any amendments relating to the Refinancing Revolving Commitments, the Refinancing Term Loans or the Refinancing Tranche
B Loans, the Administrative Agent and the Collateral Agent applicable under the relevant Refinanced Revolving Commitments, Refinanced
Term Loans or Refinanced Tranche B Loans may be substituted by the Borrower and any Person designated by the Lenders providing the relevant
Refinancing Revolving Commitments, the Refinancing Term Loans or the Refinancing Tranche B Loans, respectively, pursuant to customary
agency transfer documentation (it being understood that such Person shall become and succeed the then-current Administrative Agent and
Collateral Agent as the Administrative Agent and Collateral Agent).

Any Refinancing
Revolving Commitments that have the same terms shall constitute a single Tranche hereunder, any Refinancing Term Loans that have the
same terms shall constitute a single Tranche hereunder and any Refinancing Tranche B Loans that have the same terms shall constitute
a single Tranche hereunder. The Borrower shall notify the Administrative Agent of the date on which the Borrower proposes that such
Refinancing Revolving Commitments, such Refinancing Term Loans or such Refinancing Tranche B Loans shall become effective, which
shall be a date not less than 10 Business Days (or such shorter period as the applicable Administrative Agent may agree to) after
the date on which such notice is delivered to the Administrative Agent; provided, that no such Refinancing Revolving
Commitments, Refinancing Term Loans or Refinancing Tranche B Loans, and no amendments relating thereto, shall become effective,
unless the Borrower shall deliver or cause to be delivered documents of a type comparable to those described under clause
(i) of Section 2.26(b) to the extent reasonably requested by the Administrative Agent (or successor thereto,
as applicable). Any Lender providing Refinancing Revolving Commitments, Refinancing Term Loans or Refinancing Tranche B Loans, if it
is not already a Lender party to the Agreement Among Lenders, shall deliver to the Administrative Agent an acknowledgment to the
Agreement Among Lenders substantially in the form of Exhibit A thereto, acknowledging the agreement of such Lender to be an
Additional Holder (as defined in the Agreement Among Lenders) and such acknowledgment shall be a condition precedent to any such
Refinancing Revolving Commitments, Refinancing Term Loans or Refinancing Tranche B Loans.

(e)       Furthermore,
notwithstanding the foregoing, if following the Closing Date, the Administrative Agent and the Borrower shall have jointly identified
an ambiguity, mistake, omission, 

    	 	217	 

     

    

defect, or inconsistency, in each case, in any provision of this Agreement or any other Loan Document,
then the Administrative Agent and the Borrower shall be permitted to amend such provision and such amendment shall become effective without
any further action or consent of any other party to this Agreement or any other Loan Document if the same is not objected to in writing
by the Required Lenders within five Business Days following receipt of notice thereof; it being understood that posting such amendment
electronically on the Platform to the Required Lenders shall be deemed adequate receipt of notice of such amendment. After the Amendment
No. 5 Effective Date, the Primary Administrative Agent and the Borrower shall be permitted to amend the Loan Documents to make such changes
to the mechanical and agency provisions thereof as may be necessary or appropriate to better effectuate or memorialize the appointment
and/or joinder of the Tranche B Administrative Agent and/or the implementation of the Tranche B Term Facility without the consent of any
other party hereto.

(f)       Furthermore,
notwithstanding the foregoing, this Agreement may be amended, supplemented or otherwise modified in accordance with Sections 2.26,
7.11 and 10.16.

10.2       Notices;
Electronic Communications.

(a)       All
notices, requests and demands to or upon the respective parties hereto to be effective shall be in writing (including by telecopy), and,
unless otherwise expressly provided herein, shall be deemed to have been duly given or made when delivered or posted to the Platform,
or three Business Days after being deposited in the mail, postage prepaid, hand delivered or, in the case of telecopy notice, when sent
(except in the case of a telecopy notice not given during normal business hours (New York time) for the recipient, which shall be deemed
to have been given at the opening of business on the next Business Day for the recipient), addressed as follows in the case of the Borrower
or the Agents, and as set forth in an administrative questionnaire delivered to the Administrative Agent in the case of the Lenders, or
to such Person or at such other address as may be hereafter notified by the respective parties hereto:

	The Borrower:	Revlon Consumer Products Corporation

One New York Plaza

New York, New York 10004

Attention:  Grace Fu, Deputy General Counsel 

Email:  Grace.Fu@revlon.com
	 	 
	 	Attention:  Jeffrey
Kennel, Treasurer
 Email:  Jeffrey.Kennel@revlon.com
 
 Attention:  Donald Eng
 Email:  Donald.Eng@revlon.com

 

	With a copy (which shall not

constitute notice) to:	Paul, Weiss, Rifkind, Wharton &Garrison LLP

1285 Avenue of the Americas

New York, New York 10019-6064

Attention:  Thomas V. de la Bastide III

Telecopy:  (212) 492-0031

Telephone: (212)373-3031

Email: tdelabastide@paulweiss.com
	 	 
	Agents (other than the Tranche B Administrative Agent):	For loan borrowing notices, continuations, conversions, and payments:

 

    	 	218	 

     

    

 

		
    MidCap Funding IV Trust

    c/o MidCap Financial Services, LLC, as Servicer

    7255 Woodmont Avenue, Suite 300

    Bethesda, MD 20814

    Attention:  Portfolio Mgt. – Revlon transaction

    E-mail:  notices@midcapfinancial.com

     

    With a copy to:

     

    MidCap Funding IV Trust

    c/o MidCap Financial Services, LLC, as Servicer

    7255 Woodmont Avenue, Suite 300

    Bethesda, MD 20814

    Attention:  Legal Group

    E-mail:  legalnotices@midcapfinancial.com

	With a copy (which shall not

constitute notice) to:	
    Proskauer Rose LLP

    Eleven Times Square

    New York City, NY 10036

    Attn: Andrew Bettwy

    Tel.: (212) 969-3180

    E-mail address: abettwy@proskauer.com

	 	 
	Tranche B Administrative Agent	
    For loan borrowing notices, continuations, conversions, and payments:

    

    Alter Domus (US) LLC

    225 W. Washington Street, 9th Floor

    Chicago, Illinois 60606

    Attention: Legal Department and Steve Lenard

    Email: legal@alterdomus.com
    and cpcagency@alterdomus.com

	With a copy (which shall not

constitute notice) to:	Holland & Knight LLP

150 N. Riverside Plaza, Suite 2700

Chicago, Illinois 60606

Attention: Joshua M. Spencer

Email: joshua.spencer@hklaw.com

 

 

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

(b)       Notices
and other communications to the Lenders hereunder may be delivered or furnished by posting to the Platform or by any electronic communications
pursuant to procedures approved by the Administrative Agent; provided, that the foregoing shall not apply to notices pursuant
to Section 2 unless otherwise agreed by the Administrative Agent and the applicable Lender. Any 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. 

    	 	219	 

     

    

(c)       The
Borrower, each Agent and each Lender hereby acknowledges that (i) Holdings, the Borrower, the Administrative Agent and/or the Lead Arranger
will make available to the Lenders, the Issuing Lenders and the Swingline Lender materials and/or information provided by or on behalf
of the Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on IntraLinks
or another similar electronic system (the “Platform”) and (ii) certain of the Lenders (each, a “Public
Lender”) may have personnel who do not wish to receive information other than information that is publicly available, or
not material with respect to Holdings, the Borrower or its Subsidiaries, or their respective securities, for purposes of the United States
Federal and state securities laws (collectively, “Public Information”). The Borrower hereby agrees that it will
use commercially reasonable efforts to identify that portion of the Borrower Materials that is Public Information and that (w) all such
Borrower Materials shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC”
shall appear prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC,” the Borrower shall be deemed
to have authorized the Administrative Agent, the Issuing Lenders, the Swingline Lender and the Lenders to treat such Borrower Materials
as containing only Public Information (although it may be sensitive and proprietary) (provided, however, that
to the extent such Borrower Materials constitute Confidential Information, they shall be treated as set forth in Section 10.14);
(y) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated
“Public Side Information;” and (z) the Administrative Agent shall be entitled to treat any Borrower Materials that are not
marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public Side Information”;
provided, that there is no requirement that the Borrower identify any such information as “PUBLIC.”

(d)       THE
PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY
OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS
FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS
FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY
IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall the Administrative Agent or any of its Related Persons (collectively,
the “Agent Parties”) have any liability to the Borrower, any Lender, any Issuing Lender, the Swingline Lender
or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising
out of the Borrower’s or the Administrative Agent’s transmission of Borrower Materials through the Internet, except to the
extent that such losses, claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by a final and nonappealable
judgment to have resulted from the gross negligence, bad faith or willful misconduct of such Agent Party or any of its Related Persons;
provided, however, that in no event shall any Agent Party have any liability to the Borrower, any Lender,
any Issuing Lender, the Swingline Lender or any other Person for indirect, special, incidental, consequential or punitive damages (as
opposed to direct or actual damages).

(e)       Each
of the Borrower, the Administrative Agent, each Issuing Lender and the Swingline Lender may change its address, telecopier or telephone
number for notices and other communications hereunder by notice to such other Persons. Each other Lender may change its address, telecopier
or telephone number for notices and other communications hereunder by notice to the Borrower, the Administrative Agent, each Issuing
Lender and the Swingline Lender. In addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that
the Administrative Agent has on record (i) an effective address, contact name, telephone number, telecopier number and electronic mail
address to which notices and other communications may be sent and (ii) accurate wire instructions for such Lender. Furthermore, each
Public Lender agrees to cause at least one individual at or on behalf of such 

    	 	220	 

     

    

Public Lender to at all times have selected the “Private Side Information”
or similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance
with such Public Lender’s compliance procedures and applicable law, including United States Federal securities laws, to make reference
to Borrower Materials that are not made available through the “Public Side Information” portion of the Platform and that may
contain information other than Public Information.

(f)       The
Administrative Agent, the Issuing Lenders, the Swingline Lender and the Lenders shall be entitled to rely and act upon any notices (including
telephonic notices of borrowing) believed in good faith by the Administrative Agent to be given by or on behalf of the Borrower even if
(i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice
specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. All telephonic notices
to and other telephonic communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the parties
hereto hereby consents to such recording.

10.3       No
Waiver; Cumulative Remedies.

(a)       No
failure to exercise and no delay in exercising, on the part of any 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.

(b)       Notwithstanding
anything to the contrary contained herein or in any other Loan Document, the authority to enforce rights and remedies hereunder and under
the other Loan Documents against the Loan Parties or the Local Borrowing Subsidiaries or any of them shall be vested exclusively in, and
all actions and proceedings at law in connection with such enforcement shall be instituted and maintained exclusively by, the Administrative
Agent in accordance with Section 8.1 for the benefit of all the Lenders, the Issuing Lenders and the Swingline Lender; provided,
however, that the foregoing shall not prohibit (i) each Agent from exercising on its own behalf the rights and remedies
that inure to its benefit (solely in its capacity as Agent) hereunder and under the other Loan Documents, (ii) each Issuing Lender from
exercising the rights and remedies that inure to its benefit (solely in its capacity as Issuing Lender, as the case may be) hereunder
and under the other Loan Documents and the Swingline Lender from exercising the rights and remedies that inure to its benefit (solely
in its capacity as Swingline Lender, as the case may be) hereunder and under the other Loan Documents, (iii) any Lender from exercising
setoff rights in accordance with Section 10.7(b) or (c), as applicable (subject to the terms of Section
10.7(a)), or (iv) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency
of a proceeding relative to any Loan Party or Local Borrowing Subsidiary under any Debtor Relief 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.

10.5       Payment
of Expenses; Indemnification 

    	 	221	 

     

    

Except with respect to
Taxes which are addressed in Section 2.20, the Borrower agrees:

(a)       to
pay or reimburse each Agent and SISO Term Lender for all of their respective reasonable and documented out-of-pocket costs and expenses
incurred in connection with the syndication of the Facilities (other than fees payable to syndicate members), any Appraisals in accordance
with the terms hereof, and the development, preparation, execution and delivery of this Agreement, the other Loan Documents, the Agreement
Among Lenders and any other documents prepared in connection herewith or therewith and any amendment, supplement or modification hereto
or thereto, and, as to the Agents only, the administration of the transactions contemplated hereby and thereby, including the reasonable
fees and disbursements and other charges of a single firm of counsel to the Agents (other than the Tranche B Administrative Agent) (plus
one firm of special regulatory counsel and one firm of local counsel per material jurisdiction as may reasonably be necessary in connection
with collateral matters), a single firm of counsel to the SISO Term Lenders taken as a whole, a single firm of counsel to the Tranche
B Administrative Agent and a financial advisor to the Primary Administrative Agent in connection with Amendment No. 5 and the 2021 Notes
Exchange (which, in respect of fees of such financial advisor, shall be capped at $250,000 for services rendered through the earlier of
the termination of the exchange in respect of the 2021 Notes and November 15, 2020), in each case, in connection with all of the foregoing,
but (except as expressly set forth in this clause (a) with respect to Amendment No. 5 and the 2021 Notes Exchange) excluding the fees
and disbursements and other charges of any financial advisor or consultant unless the Borrowers shall have consented in writing in their
sole discretion;

(b)       (i)
to pay or reimburse each Lender and each Agent for all their reasonable and documented out-of-pocket costs and expenses incurred in
connection with the enforcement of any rights under this Agreement, the other Loan Documents, the Agreement Among Lenders and any
such other documents referred to in Section 10.5(a) above (including all such costs and expenses incurred in
connection with any legal proceeding, including any proceeding under any Debtor Relief Law or in connection with any workout or
restructuring), including the documented fees and disbursements of a single firm of counsel to the Lenders (other than the SISO Term
Lenders) taken as a whole, a single firm of counsel to the SISO Term Lenders taken as a whole (provided, that before incurring any
such fees and disbursements after the Amendment No. 7 Amendment Date, the applicable SISO Term Lenders shall provide written notice
to the Borrowers that such counsel will be incurring fees and disbursements and describing the work for which such counsel has been
engaged; provided further, however, such description of the work shall in no event be required to contain any Information which, in
the judgment of the SISO Term Lenders’ counsel, would reasonably be expected to waive or otherwise compromise the
attorney-client or similar privilege), and, if necessary, a single firm of special regulatory counsel and a single firm of local
counsel per material jurisdiction as may reasonably be necessary, for the Agents (other than the Tranche B Administrative Agent) and
the Lenders, taken as a whole, a single firm of counsel for the Tranche B Administrative Agent and, in the event of an actual or
perceived conflict of interest, where the Agent or Lender affected by such conflict informs the Borrower and thereafter retains its
own counsel, one additional counsel for each Lender or Agent or group of Lenders or Agents subject to such conflict; and (ii) to pay
or reimburse each Tranche A Revolving Lender for all other reasonable and documented out-of-pocket costs and expenses incurred in
connection with this Agreement, the other Loan Documents or the Facilities which the Borrowers agree in writing with such Tranche A
Revolving Lender are necessary or appropriate to be incurred by such Tranche A Revolving Lender in connection with the Facilities
and notify the Primary Administrative Agent thereof (each such cost or expense, an “Additional Lender
Expense”). For the avoidance of doubt, such Additional Lender Expense is a Tranche A Revolving Secured Obligation;

(c)       to
pay, indemnify or reimburse each Lender, each Agent, the SISO Term Loan Agent, each Issuing Lender, the Swingline Lender, the Lead Arranger
and their respective Affiliates, and their respective partners that are natural persons, members that are natural persons, officers,
directors, 

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employees, trustees, advisors, agents and controlling Persons (each, an “Indemnitee”) for, and hold each Indemnitee
harmless from and against any and all other liabilities, obligations, losses, damages, penalties, costs, expenses or disbursements arising
out of any actions, judgments or suits of any kind or nature whatsoever, arising out of or in connection with any claim, action or proceeding
(any of the foregoing, a “Proceeding”) relating to or otherwise with respect to the execution, delivery, enforcement,
performance and administration of this Agreement, the other Loan Documents, the Agreement Among Lenders and any such other documents referred
to in Section 10.5(a) above and the transactions contemplated hereby and thereby, including any of the foregoing relating
to the use of proceeds of the Loans, Letters of Credit (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)
or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of the Borrower, any of
its Subsidiaries or any of the Properties and the reasonable fees and disbursements and other charges of any legal counsel in connection
with claims, actions or proceedings by any Indemnitee against the Borrower hereunder (all the foregoing in this clause (c),
collectively, the “Indemnified Liabilities”);

provided, that, the Borrower
shall not have any obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities
have resulted from (i) the gross negligence, bad faith or willful misconduct of such Indemnitee or its Related Persons as determined by
a court of competent jurisdiction in a final non-appealable decision, (ii) a material breach of the Loan Documents by such Indemnitee
or its Related Persons as determined by a court of competent jurisdiction in a final non-appealable decision, (iii) disputes solely among
Indemnitees or their Related Persons and not arising from any act or omission by any Parent Company, Holdings, Borrower or any of its
Subsidiaries (it being understood that this clause (iii) shall not apply to the indemnification of an Agent, SISO Term Loan
Agent or a Lead Arranger in a suit involving an Agent, SISO Term Loan Agent or a Lead Arranger, in each case, in its capacity as such,
unless such suit has resulted from the gross negligence, bad faith or willful misconduct of such Agent, SISO Term Loan Agent or Lead Arranger
as determined by a court of competent jurisdiction in a final non-appealable decision) or (iv) except with respect to the Tranche B Administrative
Agent, any settlement of any Proceeding effected without the Borrower’s consent (which consent shall not be unreasonably withheld,
conditioned or delayed), but if settled with the Borrower’s written consent or if there is a judgment by a court of competent jurisdiction
in any such Proceeding, the Borrower shall indemnify and hold harmless each Indemnitee from and against any and all losses, claims, damages,
liabilities and expenses by reason of such settlement or judgment in accordance with the other provisions of this Section 10.5.

No Indemnitee referred to above shall be liable
for any damages arising from the use by unintended recipients of any information or other material distributed by it through telecommunications,
electronic or other information transmission systems in connection with this Agreement, the other Loan Documents, the Agreement Among
Lenders or the transactions contemplated hereby or thereby.

For purposes hereof, a
“Related Person” of an Indemnitee means (i) if the Indemnitee is any Agent or any of its Affiliates or their
respective partners that are natural persons, members that are natural persons, officers, directors, employees, agents and controlling
Persons, any of such Agent and its Affiliates and their respective officers, directors, employees, agents and controlling Persons; provided,
that solely for purposes of Section 9, references to each Agent’s Related Persons shall also include such Agent’s
trustees and advisors, and (ii) if the Indemnitee is any Lender or any of its Affiliates or their respective partners that are natural
persons, members that are natural persons, officers, directors, employees, agents and controlling Persons, any of such Lender and its
Affiliates and their respective officers, directors, employees, agents and controlling Persons. All amounts due under this Section
10.5 shall be payable promptly after receipt of a reasonably detailed invoice therefor. Statements payable by the Borrower pursuant
to this Section 10.5 shall be submitted to the Borrower at the address thereof set 

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forth in Section 10.2, or to such other Person or address as may
be hereafter designated by the Borrower in a written notice to the Administrative Agent.

The agreements in this
Section 10.5 shall survive repayment of the Obligations.

10.6       Successors
and Assigns; Participations and Assignments.

(a)       The
provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns permitted hereby (including any Affiliate of any Issuing Lender that issues any Letter of Credit), except that (i) the Borrower
may not assign or otherwise transfer any of its rights or obligations hereunder (other than in accordance with Section 7.4(j))
without the prior written consent of each Lender (and any attempted assignment or transfer by the Borrower without such consent shall
be null and void) and (ii) subject to Sections 2.24 and 2.26(e), no Lender may assign or otherwise transfer
its rights or obligations hereunder except in accordance with this Section 10.6.

(b)(i)Subject
to the conditions set forth in paragraph (b)(ii) below, any Lender may, in compliance with applicable law, assign (other than to any Disqualified
Institution or a natural person) to one or more assignees (each, an “Assignee”), all or a portion of its rights
and obligations under this Agreement (including all or a portion of its Commitments and the Loans at the time owing to it) with the prior
written consent (such consent not to be unreasonably withheld or delayed, it being understood that it shall be deemed reasonable for the
Borrower to withhold such consent in respect of a prospective Lender if the Borrower reasonably believes such prospective Lender would
constitute a Disqualified Institution) of:

(1)       the
Borrower; provided, that no consent of the Borrower shall be required for an assignment of

(x)         (A)Revolving
Loans or Revolving Commitments to a Revolving Lender, an Affiliate of a Revolving Lender, or an Approved Fund of a Revolving Lender (other
than a Defaulting Lender)

(B)       SISO
Term Loans to a SISO Term Lender, an Affiliate of a SISO Term Lender or an Approved Fund of a SISO Term Lender or

(y)        any
Loan or Commitment if an Event of Default under Section 8.1(a) or 8.1(f) has occurred and is continuing, any
other Person;

provided, further,
that a consent under this clause (A) shall be deemed given if the Borrower shall not have objected in writing to a proposed
assignment within ten Business Days after receipt by it of a written notice thereof from the Administrative Agent;

(2)       the
Administrative Agent; provided, that no consent of the Administrative Agent shall be required for an assignment to (i)
a Lender (other than a Defaulting Lender) or (ii) an Affiliate or Approved Fund of a Lender to the extent such Affiliate or Approved
Fund has delivered to the Administrative Agent an acknowledgment to the Agreement Among Lenders substantially in the form of Exhibit
A thereto (or other documentation reasonably satisfactory to the Administrative Agent); and 

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(3)       for
an assignment of Revolving Loans or Revolving Commitments, each Swingline Lender.

(ii)       Subject
to Sections 2.24 and 2.26(e), assignments shall be subject to the following additional conditions:

(1)       except
in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund or an assignment of the entire remaining amount
of the assigning Lender’s Commitments or Loans under any Facility, the amount of the Commitments or 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) shall not be less than $5,000,000 unless the Borrower and the Administrative Agent otherwise consent; provided,
that (1) no such consent of the Borrower shall be required if an Event of Default under Section 8.1(a) or 8.1(f)
has occurred and is continuing and (2) such amounts shall be aggregated in respect of each Lender and its Affiliates or Approved Funds,
if any;

(2)       the
parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption via an electronic settlement
system acceptable to the Administrative Agent and the Borrower (or, at the Borrower’s request, manually) together with a processing
and recordation fee of $3,500 to be paid by either the applicable assignor or assignee (which fee may be waived or reduced in the sole
discretion of the Administrative Agent); provided, that only one such fee shall be payable in the case of contemporaneous
assignments to or by two or more related Approved Funds;

(3)       the
Assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an administrative questionnaire and all documentation
and other information reasonably determined by the Administrative Agent to be required by applicable “know your customer”
and anti-money laundering rules and regulations, including the USA Patriot Act; and

(4)       the
Assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an acknowledgment to the Agreement Among Lenders, substantially
in the form of Exhibit A thereto, acknowledging the agreement of such assignee to be an Additional Holder (as defined in the Agreement
Among Lenders) and to be bound by the terms thereof. Failure of any assignment to satisfy the conditions set forth in this paragraph
(4) of this Section 10.6(b)(ii) shall render such assignment null and void. Without limiting the generality of the
foregoing, the Administrative Agent shall not (x) be obligated to ascertain, monitor or inquire as to whether any Lender has executed
an acknowledgment of the Agreement Among Lenders or (y) have any liability with respect to or arising out of the execution or non-execution
of any acknowledgement hereof.

For the purposes of this
Section 10.6, “Approved Fund” means any Person (other than a natural person) that is engaged
in making, purchasing, holding or investing in bank loans and similar extensions of credit in the ordinary course and that is administered
or managed by (I) a Lender, (II) an Affiliate of a Lender, (III) an entity or an Affiliate of an entity that administers or manages a
Lender or (IV) an entity or an Affiliate of an entity that is the investment advisor to a Lender. Notwithstanding the foregoing, no Lender
shall be permitted to make assignments under this Agreement to any Disqualified Institutions without the written consent of the Borrower. 

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(iii)       Subject
to acceptance and recording thereof pursuant to paragraph (b)(v) below, from and after the effective date specified in each Assignment
and Assumption the Assignee thereunder shall be a party hereto 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 subject to the obligations under and entitled to the benefits of Sections 2.19, 2.20,
2.21, 10.5 and 10.14). Any assignment or transfer by a Lender of rights or obligations under
this Agreement that does not comply with this Section 10.6 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 (c) of this Section 10.6 (and
will be required to comply therewith), other than any sale to a Disqualified Institution, which shall be null and void.

(iv)       The
Administrative Agent, acting for this purpose as a non-fiduciary agent of the Borrower, shall maintain at one of its offices 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 amount (and stated interest) of the Loans and L/C Obligations owing to, each Lender pursuant to the terms hereof from
time to time (the “Register”) (it being understood that the Register in respect of the Tranche B Facility (the
“Tranche B Register”) shall be maintained by the Tranche B Administrative Agent and the Register (other than
in respect of the Tranche B Facility) (the “Primary Register”) shall be maintained by the Primary Administrative
Agent. The Borrower, the Local Borrowing Subsidiaries, the Primary Administrative Agent, the Tranche B Administrative Agent, the Issuing
Lenders, the Swingline Lender 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 (and the entries in the Register shall be conclusive absent demonstrable error
for such purposes), notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrower, the Local
Borrowing Subsidiaries, the Issuing Lenders, the Swingline Lender and any Lender (in respect of its own position), at any reasonable time
and from time to time upon reasonable prior notice. Upon the request of the Tranche B Administrative Agent, the Primary Administrative
Agent shall share the Primary Register with the Tranche B Administrative Agent. Upon request of the Primary Administrative Agent, the
Tranche B Administrative Agent shall the Tranche B Register with the Primary Administrative Agent. Notwithstanding any other language
to the contrary contained herein or in any other Loan Documents, as of any particular date, the Tranche B Administrative Agent shall be
entitled to rely conclusively upon the Primary Register as most recently delivered by the Primary Administrative Agent to the Tranche
B Administrative Agent (including without limitation in connection with any determination as to which Lenders constitute the Required
Lenders under this Agreement).

(v)       Upon
its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an Assignee (except as contemplated by
Sections 2.24 and 2.26(e)), the Assignee’s completed administrative questionnaire (unless the Assignee
shall already be a Lender hereunder) and all applicable tax forms, the processing and recordation fee and the acknowledgement to the
Agreement Among Lenders referred to in paragraph (b) of this Section 10.6 (unless, in the case of the processing and recordation
fee, waived by the Administrative Agent) and any written consent to such assignment required by paragraph (b) of this Section, the Administrative
Agent shall accept such Assignment and Assumption and promptly record the information contained therein in the Register. No assignment
shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph, and 

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failure of any assignment to satisfy the conditions set forth in paragraph (4) of Section
10.6(b)(ii) above shall render such assignment null and void.

(c)(i)Any
Lender may, without the consent of any Person, in compliance with applicable law, sell participations (other than to any Disqualified
Institution) to one or more banks or other entities (a “Participant”), in all or a portion of such Lender’s
rights and obligations under this Agreement (including all or a portion of its Commitments and the Loans owing to it); provided,
that (A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible
to the other parties hereto for the performance of such obligations and (C) the Borrower, the Local Borrowing Subsidiaries, the Administrative
Agent, the Issuing Lenders, the Swingline 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. Any agreement 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 may provide that such Lender will not, without
the consent of the Participant, agree to any amendment, modification or waiver that (1) requires the consent of each Lender or each Lender
directly and adversely affected thereby pursuant to the proviso to the second sentence of Section 10.1 (or each Tranche
A Revolving Lender or SISO Term Lender, or each Tranche A Revolving Lender or SISO Term Lender directly and adversely affected thereby,
pursuant to Section 10.1(b)(i), (ii), (iii), or (iv), as applicable) and (2) directly affects
such Participant. Subject to paragraph (c)(ii) of this Section 10.6, the Borrower and Local Borrowing Subsidiaries agree
that each Participant shall be entitled to the benefits of Sections 2.19, 2.20 and 2.21 (if
such Participant agrees to have related obligations thereunder (it being understood that the documentation required under Section
2.20 shall be delivered to the participating Lender)) to the same extent as if it were a Lender and had acquired its interest
by assignment pursuant to paragraph (b) of this Section 10.6. Notwithstanding the foregoing, no Lender shall be permitted
to sell participations under this Agreement to any Disqualified Institutions without the written consent of the Borrower.

(ii)       A
Participant shall not be entitled to receive any greater payment under Section 2.19, 2.20 or 2.21
than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the
sale of the participation to such Participant is made with the Borrower’s prior written consent to such greater amounts. No Participant
shall be entitled to the benefits of Section 2.20 unless such Participant complies with Section 2.20(e), (g)
or (j), as (and to the extent) applicable, as if such Participant were a Lender (it being understood that the documentation
required under Section 2.20 shall be delivered to the participating Lender).

(iii)       Each
Lender that sells a participation, acting solely for U.S. federal income tax purposes as a non-fiduciary agent of the Borrower, shall
maintain at one of its offices a register on which it enters the name and addresses of each Participant, and the principal amounts (and
stated interest) of each Participant’s interest in the Loans or other obligations under this Agreement (the “Participant
Register”); provided, that no Lender shall have any obligation to disclose all or any portion of the Participant
Register to any Person (including the identity of any Participant or any information relating to a Participant’s interest in any
Commitments, Loans, Letters of Credit or its other obligations under this Agreement) except to the extent that the relevant parties,
acting reasonably and in good faith, determine 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. Unless otherwise required
by the IRS, any disclosure required by the foregoing sentence shall be made by the relevant Lender directly and solely to the IRS. The
entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each person whose name is 

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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
(it its capacity as such) shall have no responsibility for maintaining a Participant Register.

(d)       Any
Lender may, without the consent of or notice to the Administrative Agent or the Borrower, 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 or other central banking authority, and this Section 10.6 shall not apply to any such
pledge or assignment of a security interest; provided, that no such pledge or assignment of a security interest shall release
a Lender from any of its obligations hereunder or substitute any such pledgee or Assignee for such Lender as a party hereto.

(e)       The
Borrower, upon receipt of written notice from the relevant Lender, agrees to issue Notes to any Lender requiring the same (in the case
of an assignment, following surrender by the assigning Lender of all Notes representing its assigned interests).

(f)       The
Borrower may prohibit any assignment if it would require the Borrower to make any filing with any Governmental Authority or qualify any
Loan or Note under the laws of any jurisdiction and the Borrower shall be entitled to request and receive such information and assurances
as it may reasonably request from any Lender or any Assignee to determine whether any such filing or qualification is required or whether
any assignment is otherwise in accordance with applicable law.

(g)       [reserved].

(h)       [reserved].

(i)       None
of the Sponsor, any Affiliate thereof, Holdings or any of its Subsidiaries may acquire by assignment, participation or otherwise any right
to or interest in any of the Commitments or Loans hereunder (and any such attempted acquisition shall be null and void).

(j)       [reserved].

(k)       Notwithstanding
anything to the contrary contained herein, the replacement of any Lender pursuant to Section 2.24 or 2.26(e)
shall be deemed an assignment pursuant to Section 10.6(b) and shall be valid and in full force and effect for all purposes
under this Agreement.

(l)       Any
assignor of a Loan or Commitment or seller of a participation hereunder shall be entitled to rely conclusively on a representation of
the assignee Lender or purchaser of such participation in the relevant Assignment and Assumption or participation agreement, as applicable,
that such assignee or purchaser is not a Disqualified Institution. None of the Lead Arranger or the Agents shall have any responsibility
or liability for monitoring the list or identities of, or enforcing provisions relating to, Disqualified Institutions. Without limiting
the generality of the foregoing, the Administrative Agent shall not (x) be obligated to ascertain, monitor or inquire as to whether any
Lender or Participant or prospective Lender or Participant is a Disqualified Institution or (y) have any liability with respect to or
arising out of any assignment or participation of Loans, or disclosure of confidential information, to any Disqualified Institution.

10.7       Adjustments;Set off. 

 

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(a)       Except
to the extent that this Agreement provides for payments to be allocated to a particular Lender or to the Lenders under a particular
Facility, if any Lender (a “Benefited Lender”) shall at any time 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 setoff, 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 such other Lender’s Obligations, such Benefited
Lender shall purchase for cash from the other Lenders a participating interest in such portion of each such other Lender’s
Obligations, or shall provide such other Lenders with the benefits of any such collateral, as shall be necessary to cause such
Benefited Lender to share the excess payment or benefits of such collateral ratably with each of the Lenders; provided, however,
that (i) if all or any portion of such excess payment or benefits is thereafter recovered from such Benefited Lender, such purchase
shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without interest and (ii) the
provisions of this Section 10.7 shall not be construed to apply to any payment made by any Loan Party or Local
Borrowing Subsidiary pursuant to and in accordance with the express terms of this Agreement or any payment obtained by a Lender as
consideration for the assignment of or sale of a participation in any of its Loans to any assignee or participant.

(b)       In
addition to any rights and remedies of the Revolving Lenders provided by law, each Revolving Lender shall have the right, without prior
notice to the Company, any such notice being expressly waived by the Company to the extent permitted by applicable law, upon any amount
becoming due and payable by the Company hereunder (whether at the stated maturity, by acceleration or otherwise) after the expiration
of any cure or grace periods, to set off and appropriate and apply against such amount any and all deposits (general or special, time
or demand, provisional or final but excluding trust accounts), in any currency, and any other credits, indebtedness or claims, in any
currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by such Revolving
Lender or any Affiliate, branch or agency thereof to or for the credit or the account of the Company. Each Revolving Lender agrees promptly
to notify the Company and the Administrative Agent after any such setoff and application made by such Revolving Lender; provided,
that the failure to give such notice shall not affect the validity of such setoff and application.

(c)       In
addition to any rights and remedies of the Local Fronting Lenders provided by law, upon both the occurrence of an Event of Default and
acceleration of the obligations owing in connection with this Agreement, each Local Fronting Lender shall have the right, without prior
notice to the applicable Local Borrowing Subsidiary, any such notice being expressly waived to the extent permitted by applicable law,
to set off and apply against any indebtedness, whether matured or unmatured, of such Local Borrowing Subsidiary to such Local Fronting
Lender any amount owing from such Local Fronting Lender to such Local Borrowing Subsidiary at, or at any time after, the happening of
both of the above mentioned events, and such right of set-off may be exercised by such Local Fronting Lender against such Local Borrowing
Subsidiary or against any trustee in bankruptcy, debtor in possession, assignee for the benefit of creditors, receiver, custodian or
execution, judgment or attachment creditor of such Local Borrowing Subsidiary, or against anyone else claiming through or against such
Local Borrowing Subsidiary or such trustee in bankruptcy, debtor in possession, assignee for the benefit of creditors, receivers, or
execution, judgment or attachment creditor, notwithstanding the fact that such right of set-off shall not have been exercised by such
Local Fronting Lender prior to the making, filing or issuance, or service upon such Local Fronting Lender of, or of notice of, any such
petition, assignment for the benefit of creditors, appointment or application for the appointment of a receiver, or issuance of execution,
subpoena, order or warrant. Each Local Fronting Lender agrees promptly to notify the applicable Local Borrowing Subsidiary and the Administrative
Agent after any such set-off and application made by such Local Fronting Lender; provided, however, that
the failure to give such notice shall not affect the validity of such set-off and application. 

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10.8       Counterparts

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 electronic (i.e., “pdf”
or “tiff”) transmission shall be effective as delivery of a manually 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.

10.9       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.

10.10       Integration

This Agreement and the other Loan Documents
represent the entire agreement of the Borrower, the Agents and the Lenders with respect to the subject matter hereof and thereof.

10.11       GOVERNING
LAW

THIS AGREEMENT AND THE
RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS TO THE EXTENT THAT THE SAME ARE NOT MANDATORILY APPLICABLE
BY STATUTE AND THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

10.12       Submission
to Jurisdiction; Waivers

Each party hereto hereby irrevocably and unconditionally:

(a)       submits
for itself and its Property in any legal action or proceeding relating to this Agreement and the other Loan Documents and any Letter
of Credit to which it is a party to the exclusive general jurisdiction of the Supreme Court of the State of New York for the County of
New York (the “New York Supreme Court”), and the United States District Court for the Southern District of
New York (the “Federal District Court” and, together with the New York Supreme Court, the “New
York Courts”), and appellate courts from either of them; provided, that nothing in this Agreement shall be
deemed or operate to preclude (i) any Agent from bringing suit or taking other legal action in any other jurisdiction to realize on the
Collateral or any other security for the Obligations (in which case any party shall be entitled to assert any claim or defense, including
any claim or defense that this Section 10.12 would otherwise require to be asserted in a legal action or proceeding in
a New York Court), or to enforce a judgment or other court order in favor of the Administrative Agent or the Collateral Agent, (ii) any
party from bringing any legal action or proceeding in any jurisdiction for the recognition and enforcement of any judgment and (iii)
if all such New York Courts decline jurisdiction over any person, or decline (or in the case of the Federal District Court, lack) jurisdiction
over any subject matter of such action or proceeding, a legal action or proceeding may be brought with respect thereto in another court
having jurisdiction; 

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(b)       consents
that any such action or proceeding may be brought in the New York Courts and appellate courts from either of them, and waives any
objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or
proceeding was brought in an inconvenient court and agrees not to plead or claim the same;

(c)       agrees
that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified mail (or
any substantially similar form of mail), postage prepaid, to it at its address set forth in Section 10.2 or at such other
address of which the Administrative Agent shall have been notified pursuant thereto;

(d)       agrees
that nothing herein shall affect the right to effect service of process in any other manner permitted by law; and

(e)       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 10.12 of any special, exemplary, punitive or consequential damages (provided, that such waiver
shall not limit the indemnification obligations of the Loan Parties to the extent such special, exemplary, punitive or consequential damages
are included in any third party claim with respect to which the applicable Indemnitee is entitled to indemnification under Section
10.5).

10.13       Acknowledgments

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)       neither
the Agents nor any Lender has any fiduciary relationship with or duty to the Borrower arising out of or in connection with this Agreement
or any of the other Loan Documents, and the relationship between the Agents and Lenders, on the one hand, and the Borrower, on the other
hand, in connection herewith or therewith is solely that of debtor and creditor;

(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 Borrower and the Lenders;

(d)       no
advisory or agency relationship between it and any Agent or Lender (in their capacities as such) is intended to be or has been created
in respect of any of the transactions contemplated hereby,

(e)       the
Agents and the Lenders, on the one hand, and the Borrower, on the other hand, have an arms-length business relationship,

(f)       the
Borrower is capable of evaluating and understanding, and understands and accepts, the terms, risks and conditions of the transactions
contemplated hereby and by the other Loan Documents,

(g)       each
of the Agents and the Lenders is engaged in a broad range of transactions that may involve interests that differ from the interests of
the Borrower and none of the Agents or the Lenders has any obligation to disclose such interests and transactions to the Borrower by
virtue of any advisory or agency relationship, and 

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(h)       none
of the Agents or the Lenders (in their capacities as such) has advised the Borrower as to any legal, tax, investment, accounting or
regulatory matters in any jurisdiction (including the validity, enforceability, perfection or avoidability of any aspect of any of
the transactions contemplated hereby under applicable law, including the U.S. Bankruptcy Code or any consents needed in connection
therewith), and none of the Agents or the Lenders (in their capacities as such) shall have any responsibility or liability to the
Borrower with respect thereto and the Borrower has consulted with its own advisors regarding the foregoing to the extent it has
deemed appropriate.

To the fullest extent permitted by law, the
Borrower hereby waives and releases any claims that it may have against the Agents and the Lenders with respect to any breach or alleged
breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby.

10.14       Confidentiality

Each of the Agents and
the Lenders agree to treat any and all information, regardless of the medium or form of communication, that is disclosed, provided or
furnished, directly or indirectly, by or on behalf of the Borrower or any of its Affiliates in connection with this Agreement or the transactions
contemplated hereby (including any potential amendments, modifications or waivers, or any request therefor), whether furnished before
or after the Closing Date (“Confidential Information”), as strictly confidential and not to use Confidential
Information for any purpose other than evaluating the Transactions and negotiating, making available, syndicating and administering this
Agreement (the “Agreed Purposes”). Without limiting the foregoing, each Agent and each Lender agrees to treat
any and all Confidential Information with adequate means to preserve its confidentiality, and each Agent and each Lender agrees not to
disclose Confidential Information, at any time, in any manner whatsoever, directly or indirectly, to any other Person whomsoever, except:

		(1)	to its partners that are natural persons, members that are natural persons, directors, officers, employees,
counsel, advisors, trustees and Affiliates (collectively, the “Representatives”), to the extent necessary to
permit such Representatives to assist in connection with the Agreed Purposes (it being understood that the Representatives to whom such
disclosure is made will be informed of the confidential nature of such Confidential Information and instructed to keep such Confidential
Information confidential, with the applicable Agent or Lender responsible for the breach of this Section 10.14 by such
Representatives as if they were party hereto);

		(2)	to any pledgee referred to in Section 10.6(d) and prospective Lenders and participants in
connection with the syndication (including secondary trading) of the Facilities and Commitments and Loans hereunder (excluding any Disqualified
Institution), in each case who are informed of the confidential nature of the information and agree to observe and be bound by standard
confidentiality terms at least as favorable to the Borrower and its Affiliates as those contained in this Section 10.14;

		(3)	to any party or prospective party (or their advisors) to any swap, derivative or similar transaction under
which payments are made by reference to the Borrower and the Obligations, this Agreement or payments hereunder, in each case who are informed
of the confidential nature of the information and agree to observe and be bound by standard confidentiality terms at least as favorable
to the Borrower and its Affiliates as those contained in this Section 10.14;

		(4)	upon the request or demand of any Governmental Authority having or purporting to have jurisdiction over
it;

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		(5)	in response to any order of any Governmental Authority or as may otherwise be required pursuant to any
Requirement of Law, provided, that in the case of clauses (4) and (5), the disclosing Agent
or Lender, as applicable, agrees, to the extent practicable and not prohibited by applicable law, to notify
the Borrower prior to such disclosure and cooperate with the Borrower in obtaining an appropriate protective order (except with respect
to any audit or examination conducted by bank accountants or any governmental bank regulatory authority exercising examination or regulatory
authority);

		(6)	to the extent reasonably required or necessary, in connection with any litigation or similar proceeding
relating to the Facilities;

		(7)	information that has been publicly disclosed other than in breach of this Section 10.14;

		(8)	to the National Association of Insurance
Commissioners or any similar organization or any nationally recognized rating agency that requires access to information about a Lender’s
investment portfolio in connection with ratings issued with respect to such Lender or in connection with examinations or audits of such
Lender;

		(9)	to the extent reasonably required or necessary, in connection with the exercise of any remedy under the
Loan Documents; provided, that each Agent and Lender uses commercially reasonable efforts to ensure that such information
is kept confidential in connection with such exercise of remedies and the recipient is informed of the confidential nature of the information;

		(10)	to the extent the Borrower has consented to such disclosure in writing;

		(11)	to any other party to this Agreement;

		(12)	to the extent that such information is received from a third party that is not, to such Agent or Lender’s
knowledge, subject to contractual or fiduciary confidentiality obligations owing to the Borrower and its Affiliates and their related
parties;

		(13)	to the extent that such information is independently developed by such Agent or Lender; or

		(14)	by the Administrative Agent to the extent reasonably required or necessary to obtain a CUSIP for any Loans
or Commitment hereunder, to the CUSIP Service Bureau.

Each Agent and each Lender acknowledges that
(i) Confidential Information includes information that is not otherwise publicly available and that such non-public information may constitute
confidential business information which is proprietary to the Borrower and/or its Affiliates and (ii) the Borrower has advised the Agents
and the Lenders that it is relying on the Confidential Information for its success and would not disclose the Confidential Information
to the Agents and the Lenders without the confidentiality provisions of this Agreement. All information, including requests for waivers
and amendments, furnished by the Borrower or the Administrative Agent pursuant to, or in the course of administering, this Agreement
will be syndicate-level information, which may contain material non-public information about the Borrower and its Affiliates and their
related parties or their respective securities. Accordingly, each Lender represents to the Borrower and the Administrative Agent that
it has identified in its administrative questionnaire a credit contact who may receive information that may contain material non-public
information in accordance with its compliance procedures and applicable law, including Federal and state securities laws. Notwithstanding
any other provision of this Agreement, 

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any other Loan Document or any Assignment and Assumption, the provisions of this Section 10.14 shall survive
with respect to each Agent and Lender until the second anniversary of such Agent or Lender ceasing to be an Agent or a Lender, respectively.

10.15       Release
of Collateral and Guarantee Obligations; Subordination of Liens.

(a)       Notwithstanding
anything to the contrary contained herein or in any other Loan Document, upon request of the Borrower in connection with any Disposition
of Property permitted by the Loan Documents (including by way of merger and including any assets transferred to a Subsidiary that is not
a Loan Party in a transaction permitted by this Agreement) or any Loan Party becoming an Excluded Subsidiary or ceasing to be a Subsidiary
and subject the last sentence of this Section 10.15(a), all Liens and Guarantees on such assets or all assets of such Excluded
Subsidiary or former Subsidiary shall automatically terminate and, upon delivery of a pro forma Borrowing Base Certificate demonstrating
compliance with the last sentence of this Section 10.15(a), the Collateral Agent shall (without notice to, or vote or consent
of, any Lender, or any Affiliate of any Lender that is a party to any Specified Hedge Agreement or documentation in respect of Specified
Cash Management Obligations or Specified Additional Obligations) execute and deliver all releases reasonably necessary or desirable

(i)       to
evidence the release of Liens created in any Collateral being Disposed of in such Disposition (including any assets of any Loan Party
that becomes an Excluded Subsidiary) or of such Excluded Subsidiary or former Subsidiary, as applicable,

(ii)       to
provide notices of the termination of the assignment of any Property for which an assignment had been made pursuant to any of the Loan
Documents which is being Disposed of in such Disposition or of such Excluded Subsidiary or former Subsidiary, as applicable, and

(iii)       to
release the Guarantee and any other obligations under any Loan Document of any Person being Disposed of in such Disposition or which becomes
an Excluded Subsidiary or former Subsidiary, as applicable.

Any representation, warranty or covenant contained
in any Loan Document relating to any such Property so Disposed of (other than Property Disposed of to the Borrower or any of its Restricted
Subsidiaries) or of a Loan Party which becomes an Excluded Subsidiary or former Subsidiary, as applicable, shall no longer be deemed to
be repeated once such Property is so Disposed of. In addition, upon the reasonable request of the Borrower in connection with

(A)        any
Lien of the type permitted by Section 7.3(g) on Excluded Collateral to secure Indebtedness to be incurred pursuant to Section
7.2(c) (or pursuant to Section 7.2(d), 7.2(j), or 7.2(v) if such Indebtedness is of
the type that is contemplated by Section 7.2(c)) if the holder of such Lien so requires,

(B)        any
Lien securing Indebtedness pursuant to Section 7.2(t)(x) if the holder of such Lien so requires and pursuant to Section
7.2(t)(y) if the holder of such Lien so requires and if the holder of the applicable Indebtedness being refinanced also so requires,
and in each case to the extent constituting Excluded Collateral,

(C)        any
Lien of the type permitted by Sections 7.3(o), 7.3(r)(i), 7.3(t) or 7.3(bb),
in each case, to the extent the obligations giving rise to such permitted Lien prohibit (or require the release of) the security interest
of the Collateral Agent thereon and so long as such cash subject to such Lien is not included in the definition of Qualified Cash after
giving effect thereto, or 7.3(kk) to the extent constituting Excluded Collateral, or 

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(D)
       the ownership of joint ventures or other entities qualifying under clause
(iv) of the definition of Excluded Equity Securities, the Collateral Agent shall execute and deliver all releases necessary
or desirable to evidence that no Liens exist on such Excluded Collateral under the Loan Documents.

Notwithstanding anything to the contrary, no
release of any Guarantees or any Liens on assets of any Loan Party Disposed of outside of the ordinary course of business shall be permitted
(or effective) if, in connection with such transaction, a pro forma Borrowing Base Certificate would be required to be delivered pursuant
to Section 6.2(g)(i) or the definition of “Unrestricted Subsidiary”, unless, after giving pro forma effect to such
release and any transactions in connection therewith (including, without limitation, any prepayment or repayment of the Loans in connection
therewith and the removal of any Inventory from the Borrowing Base that will no longer constitute Eligible Inventory or any other categories
of assets that will no longer be included in the Borrowing Base after giving effect to such release), if such release is to occur on or
after the Tranche A Revolving Discharge Date, the aggregate principal amount of the SISO Term Loans then outstanding would exceed the
Tranche A Borrowing Base.

(b)       Notwithstanding
anything to the contrary contained herein or any other Loan Document, when all Obligations (other than (x) obligations in respect of any
Specified Hedge Agreement, Specified Cash Management Obligations or Specified Additional Obligations and (y) any contingent or indemnification
obligations not then due) have been paid in full, all Commitments have terminated or expired and no Letter of Credit shall be outstanding
that is not Cash Collateralized, upon the request of the Borrower, all Liens and Guarantee Obligations under any Loan Documents shall
automatically terminate and the Collateral Agent shall (without notice to, or vote or consent of, any Lender, or any Affiliate of any
Lender that is a party to any Specified Hedge Agreement or documentation in respect of Specified Cash Management Obligations or Specified
Additional Obligations) take such actions as shall be required to release its security interest in all Collateral, and to release all
Guarantee Obligations under any Loan Document, whether or not on the date of such release there may be outstanding Obligations in respect
of Specified Hedge Agreements, Specified Cash Management Obligations or Specified Additional Obligations or contingent or indemnification
obligations not then due. Any such release of Guarantee Obligations shall be deemed subject to the provision that such Guarantee Obligations
shall be reinstated if after such release any portion of any payment in respect of the Obligations guaranteed thereby shall be rescinded
or must otherwise be restored or returned upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of the Borrower
or any Guarantor, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer
for, the Borrower or any Guarantor or any substantial part of its Property, or otherwise, all as though such payment had not been made.

(c)       Notwithstanding
anything to the contrary contained herein or in any other Loan Document, upon request of the Borrower in connection with any Liens permitted
by the Loan Documents, the Collateral Agent shall (without notice to, or vote or consent of, any Lender) take such actions as shall be
required to subordinate the Lien on any Collateral to any Lien permitted under Section 7.3.

10.16       Accounting
Changes

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 ratios,
covenants, standards or terms in this Agreement, then following notice either from the Borrower to the Administrative Agent or from the
Administrative Agent to the Borrower (which the Administrative Agent shall give at the request of the Required Lenders), the Borrower
and the Administrative Agent agree to enter into negotiations in order 

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to amend such provisions of this Agreement so as
to equitably reflect such Accounting Changes with the desired result that the criteria for evaluating the Borrower’s financial
condition and covenant capacities shall be the same after such Accounting Changes as if such Accounting Changes had not been made.
If any such notices are given then, regardless of whether such notice is given prior to or following such Accounting Change, until
such time as such an amendment shall have been executed and delivered by the Borrower, the Administrative Agent and the Required
Lenders and have become effective, all financial ratios, covenants, standards and terms in this Agreement shall continue to be
calculated or construed as if such Accounting Changes had not occurred. Any amendment contemplated by the prior sentence shall
become effective upon the consent of the Required Lenders, it being understood that a Lender shall be deemed to have consented to
and executed such amendment if such Lender has not objected in writing within five Business Days following receipt of notice of
execution of the applicable amendment by the Borrower and the Administrative Agent, it being understood that the posting of an
amendment referred to in the preceding sentence electronically on the Platform to the Lenders shall be deemed adequate receipt of
notice of such amendment. “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, in each case, occurring after the Closing Date, including any change to
IFRS contemplated by the definition of “GAAP.” Without limiting the foregoing, for purposes of determining compliance
with any provision of this Agreement, the determination of whether a lease is to be treated as an operating lease or capital lease
shall be made without giving effect to any change in accounting for leases pursuant to GAAP resulting from the implementation of
proposed Accounting Standards Update (ASU) Leases (Topic 840) issued August 17, 2010, or any successor proposal.

10.17       WAIVERS
OF JURY TRIAL

EACH OF THE PARTIES HERETO
HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN
DOCUMENT or the transactions contemplated hereby or thereby AND FOR ANY COUNTERCLAIM THEREIN.

10.18       USA
PATRIOT ACT

Each Lender hereby notifies
the Loan Parties and each Local Borrowing Subsidiary that pursuant to the requirements of the USA Patriot Act (Title III of Publ. 107
56 (signed into law October 26, 2001)) (the “USA Patriot Act”), it is required to obtain, verify and record
information that identifies the Loan Parties and each Local Borrowing Subsidiary, which information includes the name and address of such
Loan Parties or Local Borrowing Subsidiaries, as applicable, and other information that will allow such Lender to identify the Loan Parties
or Local Borrowing Subsidiaries, as applicable, in accordance with the USA Patriot Act, and the Borrower agrees to provide such information
from time to time to any Lender or Agent reasonably promptly upon request from such Lender or Agent.

10.19       Intercreditor
Arrangements.

(a)       General
Application. This Agreement shall be applicable both before and after the institution of a proceeding under Debtor Relief Laws in
respect of any Loan Party or after a moratorium of indebtedness is declared or a winding-up, administration or dissolution occurs or
after any other proceeding under any Debtor Relief Law occurs involving Borrower or any other Loan Party, including, without limitation,
the filing of any petition by or against Borrower or any other Loan Party under title 11 of the United States Code (the “Bankruptcy
Code”), or any other Debtor Relief Law, and all converted or successor cases in respect thereof (collectively, a “Loan
Party Insolvency”), and all references herein to Borrower or any other Loan Party shall be deemed to apply to the trustee
for Borrower or such other 

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Loan Party and Borrower or such other Loan Party as debtor-in-possession. The relative rights of the Lenders
in or to any distributions from or in respect of any Collateral or proceeds of Collateral shall continue after the institution of any
Loan Party Insolvency or after a moratorium of indebtedness is declared or a winding-up, administration or dissolution occurs or after
any other proceeding under any Debtor Relief Law occurs involving Borrower or any other Loan Party on the same basis as prior to the
date of such institution. This Section 10.19 is a “subordination agreement” under section 510(a) of the Bankruptcy
Code and shall be enforceable in any Loan Party Insolvency.

(b)       Commencement
of Insolvency Proceedings. Notwithstanding any rights or remedies available to the Tranche B Term Lenders under any Loan Document,
applicable law or otherwise, prior to the payment in full of the Revolving Loans and the SISO Term Loans, no Tranche B Term Lender shall
commence, or support the commencement of, an involuntary Loan Party Insolvency against Borrower or any other Loan Party without the consent
of the Required Lenders and the Required SISO Term Lenders.

(c)       DIP
Financings and Adequate Protection

(i)       If
any Loan Party shall become subject to a Loan Party Insolvency and it, as a debtor-in-possession, moves for approval of (A) financing
to be provided by any Tranche A Revolving Lender, any SISO Term Lender or an Affiliate or Approved Fund of a Tranche A Revolving Lender
or SISO Term Lender holding Obligations (any such provider of financing, a “DIP Lender”) or to be provided by
one or more other parties with the consent of the Administrative Agent (acting at the direction of the Required Lenders) under Section
364 of the Bankruptcy Code (or any similar provision of any other applicable Debtor Relief Law or any order of a court of competent jurisdiction)
(including, for the avoidance of doubt, any “roll up” of pre-petition Tranche A Secured Obligations) (“DIP Financing”)
or (B) the use of “cash collateral” (as such term is defined in Section 363(a) of the Bankruptcy Code) or any similar relief
under any other applicable Bankruptcy Law (“Cash Collateral Use”) with the consent of the Administrative Agent
(acting at the direction of the Required Lenders), each Tranche B Term Lender agrees that no objection will be raised by the Tranche B
Administrative Agent or any of the Tranche B Term Lenders (and they will not request the Administrative Agent to make or support any such
objection) to any such DIP Financing or Cash Collateral Use on any grounds so long as:

(A)       the
Administrative Agent retains its Lien on the Collateral (in each case, including proceeds thereof arising after the commencement of such
proceeding to the extent obtainable under applicable law) to secure the Tranche B Secured Obligations with the same priority (subject
to the Lien and claims securing the DIP Financing) as existed prior to the commencement of the case under the Bankruptcy Code or any other
Debtor Relief Laws, and

(B)       the
Tranche B Term Lenders may seek adequate protection liens or any similar relief under any other applicable Debtor Relief Law to secure
the Tranche B Secured Obligations to the extent such adequate protection is provided to Tranche A Revolving Lenders and the SISO Term
Lenders (provided, that, (x) any such liens shall be subordinated to any adequate protection liens for the benefit of the
Revolving Loans and the SISO Term Loans and (y) any proceeds of any adequate protection provided to any Tranche B Term Lender shall be
applied in accordance with Section 6.6 of the Guarantee and Collateral Agreement). 

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(ii)       To
the extent the Tranche A Revolving Lenders (or an Affiliate or Approved Fund of a Tranche A Revolving Lender holding Obligations) and
the SISO Term Lenders (or an Affiliate or Approved Fund of a SISO Term Lender holding Obligations) do not provide DIP Financing or approve
of Cash Collateral Use, each Tranche A Revolving Lender and SISO Term Lender agrees that the Tranche B Term Lenders, may seek to provide
DIP Financing so long as (and each Tranche B Term Lender agrees that it (and its Affiliates) will not seek to provide a DIP Financing
unless):

(A)       the
Administrative Agent retains its Lien on the Collateral (in each case, including proceeds thereof arising after the commencement of such
proceeding) to secure the Tranche A Secured Obligations with the same priority (subject to being senior to the Lien and claims securing
such DIP Financing) as existed prior to the commencement of the case under the Bankruptcy Code or any other Debtor Relief Laws,

(B)       with
respect to any such DIP Financing provided by the Tranche B Term Lenders, the Lien on the Collateral securing such DIP Financing and any
superpriority administrative claim granted in respect thereof is junior in priority to the Administrative Agent’s Lien on the Collateral
to secure the Secured Obligations and the adequate protection superpriority claim granted in respect thereof,

(C)       no
prepetition Tranche B Secured Obligations shall be rolled up into, refinanced by or otherwise converted into such DIP Financing and

(D)       such
DIP Financing shall be deemed to be Tranche B Secured Obligations, subject to the same or more junior waterfall treatment set forth in
Section 6.6 of the Guarantee and Collateral Agreement, mutatis mutandis;

provided,
however, that the Tranche A Revolving Lenders and the SISO Term Lenders reserve their right to object to any such DIP Financings
provided by such Tranche B Term Lender.

(iii)       Each
Tranche B Term Lender agrees not to contest (or support any other Person contesting) any request by the Administrative Agent, any Issuing
Lender, any Tranche A Revolving Lender or any SISO Term Lender for adequate protection under any Debtor Relief Law or any objection by
the Administrative Agent, any Issuing Lender, any Tranche A Revolving Lender or any SISO Term Lender to any motion, relief, action or
proceeding based upon such Administrative Agent, Issuing Lender, Tranche A Revolving Lender or SISO Term Lender claiming a lack of adequate
protection.

(iv)       If,
in connection with any DIP Financing or Cash Collateral Use, any Liens on the Collateral held by a Tranche A Revolving Lender or SISO
Term Lender (or, in each case, by the Collateral Agent, on behalf of any Tranche A Revolving Lender or SISO Term Lender) are subject to
a surcharge or are subordinated to an administrative priority claim or a professional fee “carve out” or fees owed to the
United States Trustee, then the Liens on the Collateral of the Administrative Agent for the benefit of the Tranche B Term Lenders shall
also be subordinated to such interest or claim.

(v)       If
a DIP Financing causes a Tranche A Discharge Date to occur and such DIP Financing is secured by liens on the Collateral on a senior basis
to the liens securing the Tranche B Secured Obligations, the provisions of this Section 10.19 will survive the Tranche
A Discharge Date and will apply with like effect, mutatis mutandis, to such DIP Financing as if such DIP Financing were Tranche A Secured
Obligations. In furtherance of this clause (v), the 

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Administrative Agent may enter into an intercreditor agreement in a
form reasonably acceptable to Required Lenders immediately prior to such Tranche A Discharge Date.

(d)       Post-Petition
Interest.

(i)       Notwithstanding
anything to the contrary, Collateral and the proceeds thereof shall be applied to satisfy the Tranche A Secured Obligations in
accordance with Section 6.6 of the Guarantee and Collateral Agreement as if such Tranche A Secured Obligations accrued any
applicable Post-Petition Interest (irrespective of whether or not such Post-Petition Interest may be disallowed in any proceeding
under any Debtor Relief Law).

(ii)       No
Tranche B Term Lender shall oppose or seek to challenge any claim by the Administrative Agent or any Tranche A Secured Party for allowance
of Post-Petition Interest in any Loan Party Insolvency.

(e)       Relief
from Automatic Stay. Each Tranche B Term Lender agrees not to seek (or support any other person seeking) relief from the automatic
stay or any other stay in any Loan Party Insolvency or after a moratorium of indebtedness is declared or a winding-up, administration
or dissolution occurs or after any other proceeding under any Debtor Relief Law occurs in respect of the Collateral, or oppose any request
by Required Lenders or the Administrative Agent to seek relief from the automatic stay or any other stay in respect of the Collateral.

(f)       Plan
of Reorganization.

(i)       The
Lenders hereby agree that the claims in respect of the Tranche A Secured Obligations and the Tranche B Secured Obligations shall be separately
classified in any Loan Party Insolvency of any Loan Party. Each Lender agrees to consent to, and not object to, the separate classification
under a plan under the Bankruptcy Code (a “Bankruptcy Plan”) of the Tranche A Secured Obligations and the Tranche
B Secured Obligations.

(ii)       If
any Tranche A Secured Obligations and Tranche B Secured Obligations are classified in the same class (within the meaning of Section 1126(c)
of the Bankruptcy Code or any similar provision in other insolvency law),

(A)       no
Tranche B Term Lender will vote to “accept” a Bankruptcy Plan unless Tranche A Secured Parties holding at least two-thirds
in amount of the Tranche A Secured Obligations voting on such Plan have voted to accept such Bankruptcy Plan with respect to such Class,

(B)       each
Tranche B Term Lender in such class will not (and each Tranche B Term Lender will be deemed to have irrevocably waived the right to) make
an election under section 1111(b) of the Bankruptcy Code to have the entire allowed claim of each member of the class treated as a secured
claim in such Loan Party Insolvency notwithstanding section 506(a) of the Bankruptcy Code, unless Tranche A Secured Parties holding at
least two-thirds in an amount of the Tranche A Secured Obligations otherwise agree in writing,

(C)       for
purposes of calculating votes in clauses (B) and (C), Tranche A Secured Obligations held by a Tranche B Term
Lender (or an Affiliate thereof) shall be deemed to vote in the same proportion as Tranche A Secured Obligations that are not held by
a Tranche B Term Lender (or an Affiliate thereof) and 

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(D)       each
Lender shall submit any votes to the Administrative Agent (and only the Administrative Agent) not later than five (5) Business Days
prior to the voting deadline established pursuant to the terms of such Bankruptcy Plan or any court order establishing voting
procedures (“Voting Procedures Order”) and the Administrative Agent shall promptly tally the votes and,
only if the Administrative Agent determines that Tranche A Revolving Lenders and/or SISO Term Lenders holding the requisite minimum
two-thirds in amount vote on such Bankruptcy Plan have voted to accept such Bankruptcy Plan, the Agent shall submit such votes in
accordance with the terms of the Bankruptcy Plan or Voting Procedures Order.

The Administrative Agent shall be authorized
by each Lender to withdraw or modify any vote submitted by such Lender in contravention of the procedures set forth herein.

(iii)       Each
Tranche B Term Lender hereby agrees that it shall not propose, vote in favor of, or otherwise support any plan of reorganization that
is in contravention of any of the provisions set forth in Section 6.6 of the Guarantee and Collateral Agreement or this Section
10.19.

(iv)       No
Tranche B Term Lender may object to, oppose, or challenge the determination of the extent of any Liens held by the Administrative Agent
for the benefit of any of the Lenders and other Secured Parties or any right to payment pursuant to Section 6.6 of the Guarantee and Collateral
Agreement for any post-petition interest, fees, costs, or other charges.

(v)       Notwithstanding
any other provision hereof to the contrary, each Tranche B Term Lender agrees that without the consent of the Required Lenders and the
Required SISO Term Lenders, none of such Tranche B Term Lenders shall, for any purpose during any insolvency or liquidation Proceeding
or otherwise, support, endorse, propose or submit, whether directly or indirectly, any plan of reorganization that provides for the impairment
of the repayment in full in cash of the Tranche A Secured Obligations, unless the Required Lenders and the Required SISO Term Lenders
shall have consented to such plan in writing.

(g)       Credit
Bidding. Each Tranche B Term Lender agrees not to “credit bid” or offset against the purchase price of any Collateral
against the amount of any or all of its Secured Obligations without the consent of Required Lenders and Required SISO Term Lenders unless
such credit bid provides for the Tranche A Discharge Date to occur upon the closing of the applicable sale.

(h)       Payments
Over

(i)       So
long as the Tranche A Discharge Date has not occurred,

(x)       any
Collateral or proceeds thereof (other than any debt obligations of the reorganized debtor distributed as contemplated by Section
10.19(h)(ii)); and

(y)       any
payment of all or part of the Tranche B Secured Obligations owing to it, or any collateral in respect thereof (whether voluntarily or
involuntarily, by setoff or recoupment, pursuant to events or proceedings of the nature referred to in Section 8.1(f),
or otherwise) (other than regularly scheduled interest pursuant to Section 2.15(d) so long as an Event of Default pursuant
to Section 8.1(a) or (f) has not occurred and is continuing and any debt obligations of the reorganized debtor
are distributed as contemplated by Section 10.19(h)(ii)) 

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in each case, received by any Tranche
B Term Lender shall be segregated and held in trust and forthwith paid over to the Administrative Agent for the benefit of the Tranche
A Secured Parties in the same form as received, with any necessary endorsements (which endorsements shall be without recourse and without
any representations or warranties) or as a court of competent jurisdiction may otherwise direct. The Administrative Agent is authorized
to make any such endorsements as agent for the Tranche B Term Lenders. This authorization is coupled with an interest and is irrevocable
until the Tranche A Discharge Date has occurred.

(ii)       If,
in any proceeding under any Debtor Relief Laws, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized
debtor are distributed pursuant to a plan of reorganization, arrangement, compromise or liquidation or similar dispositive restructuring
plan, both on account of the Tranche A Secured Obligations and on account of Tranche B Secured Obligations, then, to the extent the debt
obligations distributed on account of the Tranche A Secured Obligations and on account of the Tranche B Secured Obligations are secured
by Liens upon the same property, the provisions of this Section 10.19 will survive the distribution of such debt obligations
pursuant to such plan and will apply with like effect, mutatis mutandis, to the Liens securing such debt obligations.

(iii)       To
the extent that the Secured Parties receive payments on the Secured Obligations or proceeds of Collateral, which are subsequently invalidated,
declared to be fraudulent or preferential, set aside, and/or required to be repaid to a trustee, receiver, or any other party under any
Debtor Relief Law, common law, equitable cause, or otherwise (and whether as a result of any demand, settlement, litigation, or otherwise)
(each, an “Avoidance”), then to the extent of such payment or proceeds received, such Obligations, or part thereof,
intended to be satisfied by such payment or proceeds shall be revived and continue in full force and effect as if such payments or proceeds
had not been received by the Lenders, and this Agreement, if theretofore terminated, shall be reinstated in full force and effect as of
the date of such Avoidance, and such prior termination shall not diminish, release, discharge, impair, or otherwise affect the payment
priorities and the relative rights and obligations of the Lenders provided for herein with respect to any event occurring on or after
the date of such Avoidance.

(i)       Realization
on Collateral. Each Tranche B Term Lender agrees that it will not seek consultation rights in connection with, and it will not object
to or oppose, a motion to sell, liquidate or otherwise dispose of Collateral under Section 363 of the Bankruptcy Code if the Required
Lenders have consented to such sale, liquidation or other disposition, including, without limitation, in connection with any credit bid
consented to by the Required Lenders. Each Tranche B Term Lender further agrees that it will not directly or indirectly oppose or impede
entry of any order in connection with such sale, liquidation or other disposition, including orders to retain professionals or set bid
procedures in connection with such sale, liquidation or disposition if the Required Lenders have consented to (A) such retention of professionals
and bid procedures in connection with such sale, liquidation or disposition of such assets and (B) the sale, liquidation or disposition
of such assets, in which event, the Tranche B Term Lenders will be deemed to have consented to the sale or disposition of Collateral pursuant
to Section 363(f) of the Bankruptcy Code.

(j)       Refinancings.
The Revolving Commitments and SISO Term Facility may be refinanced or replaced in full with any other credit agreement, loan agreement
or other agreement or instrument evidencing or governing the terms of such refinancing or replacement indebtedness (each, a “Tranche
A Refinancing”), in each case, without notice to, or the consent of, any Tranche B Term Lender and without affecting the
payment priorities provided for herein or the provisions of this Section 10.19; provided, however,
that, to the extent such refinancing or replacement satisfies the conditions of Revolving Refinancing Debt or SISO Refinancing Debt save
for the condition that it be incurred under 

    	 	241	 

     

    

this Agreement,
(x)  the Tranche B Term Lenders agree to be bound automatically to the terms of any such replacement or refinancing and
(y) without prejudice to the foregoing clause (x), the Tranche B Term Lenders (or an authorized agent on their
behalf) agree to enter into such documents or agreements (including joinder agreements substantially similar to the 2021 Notes
Lender Joinder Agreements) as the Borrower shall reasonably request and in form and substance reasonably acceptable to the agent of
the revolving lenders providing such refinancing or replacement such that the Tranche B Term Loans become tranche B term loans (or
equivalent term) under such refinancing or replacement; provided, further, that the terms of the
definitive documentation of such refinancing or replacement may not contain terms that would require the consent of the Tranche B
Term Lenders pursuant to the terms of Section 10.1 of this Agreement to the extent such terms were effected as an
amendment to this Agreement.

10.20       Interest
Rate Limitation

Notwithstanding anything
herein to the contrary, if at any time the interest rate applicable to any Loan, together with all fees, charges and other amounts that
are treated as interest on such Loan under applicable law (collectively, the “Charges”), shall exceed the maximum
lawful rate (the “Maximum Rate”) that may be contracted for, charged, taken, received or reserved by the Lender
holding such Loan in accordance with applicable law, the rate of interest payable in respect of such Loan hereunder, together with all
Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would
have been payable in respect of such Loan but were not payable as a result of the operation of this Section 10.20 shall
be cumulated and the interest and Charges payable to such Lender in respect of other Loans or periods shall be increased (but not above
the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the Federal Funds Effective Rate to the date
of repayment, shall have been received by such Lender.

10.21       Payments
Set Aside

To the extent that any
payment by or on behalf of the Borrower is made to the Administrative Agent, any Issuing Lender, the Swingline Lender or any Lender, or
the Administrative Agent, any Issuing Lender, the Swingline Lender 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, such Issuing Lender, Swingline Lender or such Lender in
its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law
or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived
and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender, each
Issuing Lender and the Swingline 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, the Issuing Lenders and the Swingline Lender under clause (b) of the preceding sentence
shall survive the payment in full of the Obligations and the termination of this Agreement.

10.22       Electronic
Execution of Assignments and Certain Other Documents

The words “execution,”
“execute”, “signed,” “signature,” and words of like import in or related to any document to be signed
in connection with this Agreement and the transactions contemplated hereby (including without limitation Assignment and Assumptions,
amendments or other notices of borrowing, waivers and consents) shall be deemed to include electronic signatures, the electronic 

    	 	242	 

     

    

matching of assignment
terms and contract formations on electronic platforms approved by the Administrative Agent, or the keeping of records in electronic form,
each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based
recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures
in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on
the Uniform Electronic Transactions Act; provided that notwithstanding anything contained herein to the contrary the Administrative
Agent is under no obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed to by the Administrative
Agent pursuant to procedures approved by it.

10.23       Acknowledgement
and Consent to Bail-In of Affected Financial Institutions

Notwithstanding anything
to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto
acknowledges that any liability of any Affected Financial Institution arising under any Loan Document, to the extent such liability is
unsecured, may be subject to the write-down and conversion powers of the applicable Resolution Authority and agrees and consents to, and
acknowledges and agrees to be bound by:

(a)       the
application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder which
may be payable to it by any party hereto that is an Affected Financial Institution; and

(b)       the
effects of any Bail-in Action on any such liability, including, if applicable:

(i)       a
reduction in full or in part or cancellation of any such liability;

(ii)       a
conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution,
its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments
of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document;
or

(iii)       the
variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of the applicable Resolution
Authority.

10.24       Delegation
by each Local Borrowing Subsidiary 

Each Local Borrowing Subsidiary
hereby irrevocably designates and appoints the Company as the agent of such Local Borrowing Subsidiary under this Agreement and the other
Loan Documents for the purpose of giving notices and taking other actions delegated to such Local Borrowing Subsidiary pursuant to the
terms of this Agreement and the other Loan Documents. In furtherance of the foregoing, each Local Borrowing Subsidiary hereby irrevocably
grants to the Company such Local Borrowing Subsidiary’s power-of-attorney, and hereby authorizes the Company, to act in place of
such Local Borrowing Subsidiary with respect to matters delegated to such Local Borrowing Subsidiary pursuant to the terms of this Agreement
and the other Loan Documents and to take such other actions as are reasonably incidental thereto. Each Local Borrowing Subsidiary hereby
further acknowledges and agrees that the Company shall receive all notices to such Local Borrowing Subsidiary for all purposes of this
Agreement. The Company hereby agrees to provide prompt notice to the relevant Local Borrowing Subsidiary of any notices received and
all action taken by the Company under this Agreement and the other Loan Documents on behalf of such Local Borrowing Subsidiary. 

    	 	243	 

     

    

10.25       Interest
Act (Canada)

For purposes of the
Interest Act (Canada), whenever any interest under this Agreement on account of Local Loans or Acceptances which are made in Canada
or made to any Local Borrowing Subsidiary which is organized under the laws of Canada or any Province thereof is calculated using a
rate based upon a year of 360 days, such rate determined pursuant to such calculation, when expressed as an annual rate, is
equivalent to (x) the applicable rate based upon a year of 360 days, (y) multiplied by the actual number of days in the calendar
year in which the period for which such interest is payable ends, and (z) divided by 360. The rates of interest specified in this
Agreement are nominal rates and all interest payments and computations are to be made without allowance or deduction for deemed
reinvestment of interest.

10.26       Judgment.

The Obligations of each
Borrower in respect of each Local Loan and Acceptance reimbursement obligation due to any party hereto in Dollars (including, without
limitation, by virtue of any conversion of a Local Loan or Acceptance from a Permitted Foreign Currency into Dollars pursuant to the provisions
of Section 2.32) or any holder of any Obligation which is denominated in Dollars, shall, notwithstanding any judgment in
a currency (the “judgment currency”) other than Dollars, be discharged only to the extent that on the Business
Day following receipt by such party or such holder (as the case may be) of any sum adjudged to be so due in the judgment currency such
party or such holder (as the case may be) may in accordance with normal banking procedures purchase Dollars with the judgment currency;
if the amount of Dollars so purchased is less than the sum originally due to such party or such holder (as the case may be) in Dollars,
such Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify such party or such holder (as the case
may be) against such loss, and if the amount of Dollars so purchased exceeds the sum originally due to any party to this Agreement or
any holder of Obligations (as the case may be), such party or such holder (as the case may be), agrees to remit to such Borrower, such
excess.

10.27       Submission
To Jurisdiction.

Each Local Borrowing Subsidiary
hereby irrevocably and unconditionally submits to the non-exclusive jurisdiction of any New York state or federal court sitting in the
City of New York and any competent court of the jurisdiction under the laws of which such Local Borrowing Subsidiary is organized (the
“local court”), and any appellate court from any thereof, in any action or proceeding arising out of or relating
to this Agreement, the Notes or any Draft. Each Local Borrowing Subsidiary hereby irrevocably and unconditionally agrees that all claims
in respect of such action or proceeding may be heard and determined in such New York state court or local court or, to the extent permitted
by law, in such federal court. Each Local Borrowing Subsidiary hereby irrevocably and unconditionally waives, to the fullest extent it
may effectively do so, any defense of an inconvenient forum to the maintenance of such action or proceeding in any such court and any
right of jurisdiction on account of the place of residence or domicile of such Local Borrowing Subsidiary. Each Local Borrowing Subsidiary
hereby irrevocably and unconditionally appoints the Company as its agent to receive on behalf of such Local Borrowing Subsidiary and
its property service of copies of the summons and complaint and any other process which may be served in any such action or proceeding
in any such New York state or federal court. In any such action or proceeding in such New York state or federal court sitting in the
City of New York, such service may be made on such Local Borrowing Subsidiary by delivering a copy of such process to such Local Borrowing
Subsidiary in care of the Company at the Company’s address listed in Section 10.2 and by depositing a copy of such
process in the mails by certified or registered air mail, addressed to such Local Borrowing Subsidiary (such service to be effective
upon such receipt by the Company and the depositing of such process in the mails as aforesaid). Each Local Borrowing Subsidiary hereby
irrevocably and unconditionally authorizes and directs the Company to accept such service on its behalf. Each Local Borrowing 

    	 	244	 

     

    

Subsidiary hereby agrees
that, to the fullest extent permitted by applicable law, a final judgment in any such action or proceeding shall be conclusive and may
be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law.

10.28       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 its Affiliates, and not, for the avoidance of doubt, to or for the benefit of Holdings, the Borrower, each
Local Borrowing Subsidiary or any other Loan Party (except that the representations in Section 4.5 are made in
reliance on the accuracy and compliance of the representations and covenants made in this Section 10.28(a)), that at
least one of the following is and will be true:

(i)       such
Lender is not using “plan assets” (within the meaning of 29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA)
of one or more Plans in connection with the Loans, the Letters of Credit, the Acceptances or the Commitments,

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

(b)       In
addition, unless sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or such Lender has provided
another representation, warranty and covenant as provided in sub-clause (iv) in the immediately preceding clause (a), such Lender further
(x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person
became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent
and its Affiliates, and not, for the avoidance of doubt, 

    	 	245	 

     

    

to or for the benefit of Holdings, the Borrower, each Local Borrowing Subsidiary or any
other Loan Party, that:

(i)       none
of the Administrative Agent or any of its Affiliates is a fiduciary with respect to the assets of such Lender (including in connection
with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or any documents related
to hereto or thereto),

(ii)       the
Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in, administration
of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement is independent (within the meaning of 29
CFR § 2510.3-21) and is a bank, an insurance carrier, an investment adviser, a broker-dealer or other person that holds, or has
under management or control, total assets of at least $50 million, in each case as described in 29 CFR §
2510.3-21(c)(1)(i)(A)-(E),

(iii)       the
Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in, administration of
and performance of the Loans, the Letters of Credit, the Acceptances, the Commitments and this Agreement is capable of evaluating investment
risks independently, both in general and with regard to particular transactions and investment strategies (including in respect of the
Obligations),

(iv)       the
Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in, administration of
and performance of the Loans, the Letters of Credit, the Acceptances, the Commitments and this Agreement is a fiduciary under ERISA or
the Code, or both, with respect to the Loans, the Letters of Credit, the Acceptances, the Commitments and this Agreement and is responsible
for exercising independent judgment in evaluating the transactions hereunder, and

(v)       no
fee or other compensation is being paid directly to the Administrative Agent or any its Affiliates for investment advice (as opposed to
other services) in connection with the Loans, the Letters of Credit, the Acceptances, the Commitments or this Agreement.

(c)       The
Administrative Agent hereby informs the Lenders that the Administrative Agent is not undertaking to provide impartial investment advice,
or to give advice in a fiduciary capacity, in connection with the transactions contemplated hereby, and that such Person has a financial
interest in the transactions contemplated hereby in that such Person or an Affiliate thereof (i) may receive interest or other payments
with respect to the Loans, the Letters of Credit, the Acceptances, the Commitments and this Agreement, (ii) may recognize a gain if it
extended the Loans, the Letters of Credit, the Acceptances or the Commitments for an amount less than the amount being paid for an interest
in the Loans, the Letters of Credit, the Acceptances 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.

(d)       The
representations in this Section 10.28 are intended to comply with United States Department of Labor Regulations codified
at  29 C.F.R. §  2510.3-21(a) and (c)(1) as promulgated on April 8, 2016 (81 Fed. Reg. 20,997). To the extent these regulations
are revoked, repealed or no longer effective, these representations shall be deemed to be no longer in effect. 

    	 	246	 

     

    

10.29       Acknowledgement
Regarding Any Supported QFCs.

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

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

(b)       As
used in this Section 10.29, the following terms have the following meanings:

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

“Covered Entity”:
any of the following:

(i)       a
“covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §252.82(b);

(ii)       a
“covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §47.3(b); or

(iii)       a
“covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §382.2(b).

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

“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 INTENTIONALLY LEFT BLANK]

 

 

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IN WITNESS WHEREOF, each
of the parties hereto has caused a counterpart of this Agreement to be duly executed and delivered as of the date first above written.

 

	 	REVLON CONSUMER PRODUCTS CORPORATION,
 as Borrower	 
	 	 	 	 	 
	 	 	 	 	 
	 	By:	     	 
	 	 	Name:	              	 
	 	 	Title:	 	 

 

 

	 	REVLON, INC. (solely for purposes of Section 7A),

                  as Holdings
	 
	 	 	 	 	 
	 	 	 	 	 
	 	By:	     	 
	 	 	Name:	         	 
	 	 	Title:	 	 

 

 

     

     

    

 

	 	Midcap Funding IV Trust, as Administrative Agent and Collateral Agent	 
	 	 	 	 	 
	 	 	 	 	 
	 	By:	 	 
	 	 	Name:	         	 
	 	 	Title:	 	 

 

 

 

 

     

     

    

 

	 	[l],

as a Lender	 
	 	 	 	 	 
	 	 	 	 	 
	 	By:	 	 
	 	 	Name:	         	 
	 	 	Title:

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