Document:

Exhibit 10.3

 

EXECUTION COPY

 

AMENDMENT NO. 1

 

Dated as of August 17, 2022

 

to

 

AMENDED AND RESTATED CREDIT AGREEMENT

 

Dated as of August 18, 2021

 

THIS AMENDMENT NO. 1 (this “Amendment”)
is made as of August 17, 2022 (the “Effective Date”) by and among Cummins Inc., an Indiana corporation (the “Company”),
the Subsidiary Borrowers party hereto (the “Subsidiary Borrowers”, and together with the Company, collectively, the
 “Borrowers”), the financial institutions listed on the signature pages hereof and JPMorgan Chase Bank, N.A., as Administrative
Agent (the “Administrative Agent”), under that certain Amended and Restated Credit Agreement dated as of August 18,
2021 by and among the Borrowers, the Lenders and the Administrative Agent (the “Credit Agreement”). Capitalized definitional
terms used herein and not otherwise defined herein shall have the respective meanings given to them in the Credit Agreement.

 

WHEREAS, the Borrowers have requested
that certain modifications be made to the Credit Agreement; and

 

WHEREAS, the Borrowers, the Lenders
party hereto and the Administrative Agent have agreed to amend the Credit Agreement on the terms and conditions set forth herein;

 

NOW, THEREFORE, in consideration
of the premises set forth above, the terms and conditions contained herein, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Borrowers, the Lenders party hereto and the Administrative Agent hereby agree to the
following amendment to the Credit Agreement.

 

1.                  
Amendments to Credit Agreement. Effective as of the date of satisfaction of the conditions precedent set forth in
Section 2 below (such date, the “Amendment Effective Date”), the parties hereto agree that the Credit Agreement
(including certain of the Exhibits thereto) shall be amended to delete the stricken text (indicated textually in the same manner as the
following example: stricken text) and to add the double-underlined text (indicated textually
in the same manner as the following example: double-underlined
text) as set forth in the pages of the Credit Agreement (including certain of the Exhibits thereto) attached as Annex A
hereto.

 

2.                  
Conditions of Effectiveness. The effectiveness of this Amendment is subject to the conditions precedent that the
Administrative Agent shall have received (i) counterparts of this Amendment duly executed by each Borrower, each of the Lenders and the
Administrative Agent, and (ii) payment and/or reimbursement of all fees and other amounts due and payable on or prior to the Effective
Date, including, to the extent invoiced reasonably in advance of the Effective Date, reimbursement or payment of all out-of-pocket expenses
required to be reimbursed or paid by the Borrowers under the Loan Documents.

 

     

     

    

 

3.                  
Representations and Warranties of each Borrower. Each Borrower hereby represents and warrants to the Lenders and
the Administrative Agent on the Amendment Effective Date as follows:

 

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

 

(b) As of the date
hereof and immediately after giving effect to the terms of this Amendment, (i) no Default has occurred and is continuing and (ii) the
representations and warranties of each Borrower contained in Article III of the Credit Agreement (other than those set forth in Section
3.05(b) and Section 3.06(a)(ii) of the Credit Agreement), as amended hereby, are true and correct in all material respects as of the
date hereof, except to the extent any such representation and warranty expressly relates to an earlier date in which case such representation
and warranty shall be true and correct in all material respects as of such earlier date (except to the extent such representation or
warranty is already qualified by materiality or Material Adverse Effect, in which case, in all respects).

 

4.                  
Reference to and Effect on the Credit Agreement.

 

(a) Upon the effectiveness
hereof, each reference to the Credit Agreement in the Credit Agreement or any other Loan Document shall mean and be a reference to the
Credit Agreement as amended hereby.

 

(b) Except as specifically
amended above, the Credit Agreement and all other documents, instruments and agreements executed and/or delivered in connection therewith
shall remain in full force and effect and are hereby ratified and confirmed.

 

(c) The execution,
delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of the Administrative Agent
or the Lenders, nor constitute a waiver of any provision of the Credit Agreement or any other documents, instruments and agreements executed
and/or delivered in connection therewith.

 

(d) This Amendment
is a Loan Document under (and as defined in) the Credit Agreement as amended hereby.

 

5.                  
Governing Law. This Amendment shall be construed in accordance with and governed by the internal laws of the State
of New York.

 

6.                  
Headings. Section headings in this Amendment are for convenience of reference only, are not part of this Amendment
and shall not affect the construction of, or be taken into consideration in interpreting, this Amendment.

 

7.                  
Counterparts. This Amendment may be executed in counterparts (and by different parties hereto on different counterparts),
each of which shall constitute an original, but all of which when taken together shall constitute a single contract. The words “execution,”
 “signed,” “signature,” “delivery,” and words of like import in or relating to this Amendment and/or
any document to be signed in connection with this Amendment and the transactions contemplated hereby shall be deemed to include Electronic
Signatures (as defined below), deliveries 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, physical delivery thereof or the use of a paper-based recordkeeping system,
as the case may be. As used herein, “Electronic Signatures” means any electronic symbol or process attached to, or
associated with, any contract or other record and adopted by a person with the intent to sign, authenticate or accept such contract or
record.

 

[Signature Pages Follow]

 

    2 

     

    

 

IN WITNESS WHEREOF, this Amendment
has been duly executed as of the day and year first above written.

 

	 	CUMMINS INC.
	 	 
	 	By:	/s/ Donald G. Jackson
	 	Name: Donald G. Jackson
	 	Title: Vice President – Treasurer

 

	 	CUMMINS EMEA HOLDINGS LIMITED
	 	 
	 	By:	/s/ Paul Fertleman
	 	Name: Paul Fertleman
	 	Title: Director and Company Secretary

 

	 	CMI NETHERLANDS HOLDINGS B.V.
	 	 
	 	By:	/s/ Justin Verbond
	 	Name: Justin Verbond
	 	Title: Managing Director A

 

	 	By:	/s/ Joseph Rigler
	 	Name: Joseph Rigler
	 	Title: Managing Director B

 

Signature Page to Amendment
No. 1

Amended and Restated Credit Agreement dated as of August 18, 2021

Cummins Inc. et al 

 

     

     

    

 

	 	JPMORGAN CHASE BANK, N.A.,

  as Administrative Agent and individually as a Lender
	 	 
	 	By:	/s/ Sean Bodkin
	 	Name: Sean Bodkin
	 	Title: Vice President

 

Signature Page to Amendment
No. 1

Amended and Restated Credit Agreement dated as of August 18, 2021

Cummins Inc. et al 

 

     

     

    

 

	 	BANK OF AMERICA, N.A., 

  as a Lender
	 	 
	 	By:	/s/ Prathamesh Kshirsagar
	 	Name: Prathamesh Kshirsagar
	 	Title: Director

 

Signature Page to Amendment
No. 1

Amended and Restated Credit Agreement dated as of August 18, 2021

Cummins Inc. et al 

 

     

     

    

 

	 	CITIBANK, N.A., 

  as a Lender
	 	 
	 	By:	/s/ Lixing Qi
	 	Name: Lixing Qi
	 	Title: Vice President

 

Signature Page to Amendment
No. 1

Amended and Restated Credit Agreement dated as of August 18, 2021

Cummins Inc. et al 

 

     

     

    

 

	 	HSBC BANK USA, NATIONAL ASSOCIATION, 

  as a Lender
	 	 
	 	By:	/s/ Matthew McLaurin
	 	Name: Matthew McLaurin
	 	Title: Director

 

Signature Page to Amendment
No. 1

Amended and Restated Credit Agreement dated as of August 18, 2021

Cummins Inc. et al 

 

     

     

    

 

	 	ING BANK N.V., DUBLIN BRANCH,

  as a Lender
	 	 
	 	By:	/s/ Sean Hassett
	 	Name: Sean Hassett
	 	Title: Director
	 	 
	 	By:	/s/ Ciaran Dunne
	 	Name: Ciaran Dunne
	 	Title: Director

 

Signature Page to Amendment
No. 1

Amended and Restated Credit Agreement dated as of August 18, 2021

Cummins Inc. et al 

 

     

     

    

 

	 	CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, 

  as a Lender
	 	 
	 	By:	/s/ Rose Mary Perez
	 	Name: Rose Mary Perez
	 	Title: Managing Director
	 	 
	 	By:	/s/ Jaime Frontera
	 	Name: Jaime Frontera
	 	Title: Managing Director

 

Signature Page to Amendment
No. 1

Amended and Restated Credit Agreement dated as of August 18, 2021

Cummins Inc. et al 

 

     

     

    

 

 

	 	GOLDMAN SACHS BANK USA,
	 	as a Lender
	 	 
	 	By:	/s/ Jonathan Dworkin
	 	Name: Jonathan Dworkin
	 	Title: Authorized Signatory

 

Signature Page to Amendment
No. 1 

Amended and Restated Credit Agreement dated as of August 18, 2021

Cummins Inc. et al

 

     

     

    

 

	 	mizuho bank, ltd.,
	 	as a Lender
	 	 
	 	By:	/s/ Donna DeMagistris
	 	Name: Donna DeMagistris
	 	Title: Executive Director

 

Signature Page to Amendment
No. 1 

Amended and Restated Credit Agreement dated as of August 18, 2021 

Cummins Inc. et al

 

     

     

    

 

	 	MUFG BANK, LTD.,
	 	as a Lender
	 	 
	 	By:	/s/ John Margetanski
	 	Name: John Margetanski
	 	Title: Director

 

Signature Page to Amendment
No. 1 

Amended and Restated Credit Agreement dated as of August 18, 2021 

Cummins Inc. et al

 

     

     

    

 

	 	STANDARD CHARTERED BANK,
	 	as a Lender
	 	 
	 	By:	/s/ Kristopher Tracy
	 	Name: Kristopher Tracy
	 	Title: Director, Financing Solutions

 

Signature Page to Amendment
No. 1

Amended and Restated Credit Agreement dated as of August 18, 2021

Cummins Inc. et al

 

     

     

    

 

	 	U.S. BANK NATIONAL ASSOCIATION,
	 	as a Lender
	 	 
	 	By:	/s/ Jeffrey S. Johnson
	 	Name: Jeffrey S. Johnson
	 	Title: Senior Vice President

 

Signature Page to Amendment
No. 1

Amended and Restated Credit Agreement dated as of August 18, 2021

Cummins Inc. et al

 

     

     

    

 

	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	 	as a Lender
	 	 
	 	By:	/s/ Gregory Strauss
	 	Name: Gregory Strauss
	 	Title: Managing Director

 

Signature Page to Amendment
No. 1 

Amended and Restated Credit Agreement dated as of August 18, 2021 

Cummins Inc. et al

 

     

     

    

 

	 	AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED,
	 	as a Lender
	 	 
	 	By:	/s/ Wendy Tso
	 	Name: Wendy Tso
	 	Title: Director

 

Signature Page to Amendment
No. 1

Amended and Restated Credit Agreement dated as of August 18, 2021

Cummins Inc. et al

 

     

     

    

 

	 	BANK OF CHINA, NEW YORK BRANCH,
	 	as a Lender
	 	 
	 	By:	/s/ Raymond Qiao
	 	Name: Raymond Qiao
	 	Title: Executive Vice President

 

Signature Page to Amendment
No. 1

Amended and Restated Credit Agreement dated as of August 18, 2021

Cummins Inc. et al

 

     

     

    

 

	 	PNC BANK, NATIONAL ASSOCIATION,
	 	as a Lender
	 	 
	 	By:	/s/ Eric Estes
	 	Name: Eric Estes
	 	Title: Sr. Vice President

 

Signature Page to Amendment
No. 1

Amended and Restated Credit Agreement dated as of August 18, 2021

Cummins Inc. et al

 

     

     

    

 

	 	SANTANDER BANK, N.A.,
	 	as a Lender
	 	 
	 	By:	/s/ Andres Barbosa
	 	Name: Andres Barbosa
	 	Title: Managing Director
	 	 
	 	By:	/s/ Carolina Gutierrez
	 	Name: Carolina Gutierrez
	 	Title: Executive Director

 

Signature Page to Amendment
No. 1

Amended and Restated Credit Agreement dated as of August 18, 2021

Cummins Inc. et al

 

     

     

    

 

	 	THE BANK OF NOVA SCOTIA,
	 	as a Lender

 

	 	By:	/s/ Melissa Ruha
	 	Name: Melissa Ruha
	 	Title: Director

 

Signature Page to Amendment
No. 1

Amended and Restated Credit
Agreement dated as of August 18, 2021

Cummins Inc. et al

 

     

     

    

 

	 	THE NORTHERN TRUST COMPANY,
	 	as a Lender

 

	 	By:	/s/ Lisa DeCristofaro
	 	Name: Lisa DeCristofaro
	 	Title: SVP

 

Signature Page to Amendment
No. 1

Amended and Restated Credit
Agreement dated as of August 18, 2021

Cummins Inc. et al

 

     

     

    

 

	 	UNICREDIT BANK AG, NEW YORK BRANCH,
	 	as a Lender

 

	 	By:	/s/ Priya Trivedi
	 	Name: Priya Trivedi
	 	Title: Director

 

	 	By:	/s/ Betsy Briggs
	 	Name: Betsy Briggs
	 	Title: Director

 

Signature Page to Amendment
No. 1

Amended and Restated Credit
Agreement dated as of August 18, 2021

Cummins Inc. et al

 

     

     

    

 

ANNEX A

     

 

 

    $2,000,000,000

    

    AMENDED AND RESTATED CREDIT AGREEMENT

    

    dated as of

    

    August 18, 2021

    

    among

    

    CUMMINS INC.,

    

    The SUBSIDIARY BORROWERS Referred to Herein,

    

    The LENDERS Party Hereto,
 

    JPMORGAN CHASE BANK, N.A.,

    as Administrative Agent, Issuing Bank and Swingline Lender,

     

    BANK OF AMERICA, N.A.,

    as Syndication Agent, Issuing Bank and Swingline Lender,

    

    and

    

    CITIBANK, N.A., HSBC BANK USA, NATIONAL ASSOCIATION and

    ING
    BANK N.V., DUBLIN BRANCH,

    as Documentation Agents, Issuing Banks and
    Swingline Lenders

 

 

 

JPMORGAN CHASE BANK, N.A.,

    BofA SECURITIES, INC.,

    CITIBANK, N.A.,

    HSBC SECURITIES (USA) INC. and

    ING BANK N.V., DUBLIN BRANCH,

    as Joint Bookrunners and Joint Lead Arrangers

     

 

 

 

    

    

    

 

TABLE OF CONTENTS

 

 

 

	 	Page
	 	 
	Article 1 Definitions	1
	Section 1.01.         Defined
    Terms	1
	Section 1.02.         Classification
    of Loans and Borrowings	35
	Section 1.03.         Terms
    Generally	35
	Section 1.04.         Accounting
    Terms; GAAP	36
	Section 1.05.         Amendment
    and Restatement of the Existing Credit Agreement	36
	Section 1.06.         Interest
    Rates; Benchmark Notification	37
	Section 1.07.         Certain
    Calculations	37
	Section 1.08.         Divisions	37
	Article
    2 The Credits	38
	Section 2.01.         Commitments	38
	Section 2.02.         Loans
    and Borrowings	38
	Section 2.03.         Requests
    for Revolving Borrowings	39
	Section 2.04.         Swingline
    Loans	39
	Section 2.05.         Letters
    of Credit	41
	Section 2.06.         Funding
    of Borrowings	47
	Section 2.07.         Interest
    Elections	48
	Section 2.08.         Termination
    and Reduction of Commitments	50
	Section 2.09.         Repayment
    of Loans; Evidence of Debt	51
	Section 2.10.         Prepayment
    of Loans	52
	Section 2.11.         Fees	53
	Section 2.12.         Interest	54
	Section 2.13.         Alternate
    Rate of Interest	55
	Section 2.14.         Increased
    Costs	59
	Section 2.15.         Break
    Funding Payments	60
	Section 2.16.         Taxes	61
	Section 2.17.         Foreign
    Subsidiary Costs	64
	Section 2.18.         Payments
    Generally; Pro Rata Treatment; Sharing of Set-offs	64
	Section 2.19.         Mitigation
    Obligations; Replacement of Lenders	66
	Section 2.20.         Currency
    Equivalents	67
	Section 2.21.         Margin
    Determinations	68
	Section 2.22.         Illegality	70
	Section 2.23.         Defaulting
    Lenders	71
	Section 2.24.         Extension
    of Maturity Date	73
	Section 2.25.         Expansion
    Option	74

 

    i

    

    

 

	Article
    3 Representations and Warranties	75
	Section 3.01.         Organization;
    Powers	75
	Section 3.02.         Authorization	75
	Section 3.03.         Enforceability	76
	Section
    3.04.         Governmental Approvals	76
	Section 3.05.         Financial
    Statements	76
	Section 3.06.         Litigation;
    Compliance with Laws	76
	Section 3.07.         Federal
    Reserve Regulations	77
	Section 3.08.         No
    Regulatory Restrictions on Borrowing	77
	Section 3.09.         [Reserved]	77
	Section 3.10.         [Reserved]	77
	Section 3.11.         [Reserved]	77
	Section 3.12.         Beneficial
    Ownership Certification	77
	Section 3.13.         Anti-Corruption
    Laws and Sanctions	77
	Article
    4 Conditions	78
	Section 4.01.         Effective
    Date	78
	Section 4.02.         Each
    Credit Event	79
	Section 4.03.         First
    Borrowing by Each Eligible Subsidiary	79
	Article
    5 Affirmative Covenants	80
	Section 5.01.         Existence;
    Businesses and Properties	80
	Section 5.02.         Insurance	81
	Section 5.03.         Taxes	81
	Section 5.04.         Financial
    Statements, Reports, Etc	81
	Section 5.05.         Litigation
    and Other Notices	83
	Section 5.06.         Maintaining
    Records; Access to Properties and Inspections	83
	Section 5.07.         Use
    of Proceeds and Letters of Credit	84
	Section 5.08.         Compliance
    with Laws	84
	Article
    6 Negative Covenants	85
	Section 6.01.         Negative
    Pledge	85
	Section 6.02.         Mergers,
    Consolidations, and Sales of Assets	87
	Section 6.03.         Priority
    Indebtedness	87
	Article
    7 Financial Covenant	87
	Section 7.01.         Net
    Debt to Total Capital	87
	Article
    8 Events of Default	87
	Article
    9 The Agents	90
	Section 9.01.         Appointment
    and Authorization of Administrative Agent	90
	Section 9.02.         Rights
    and Powers of Administrative Agent as a Lender	90
	Section 9.03.         Limited
    Duties and Responsibilities of Administrative Agent	91
	Section 9.04.         Authority
    of Administrative Agent to Rely on Certain Writings, Statements and Advice	91
	Section 9.05.         Sub-Agents
    and Related Parties	91
	Section 9.06.         Resignation;
    Successor Administrative Agent	92
	Section 9.07.         Acknowledgements
    of Lenders	92
	Section 9.08.         Administrative
    Agent’s Fee	94
	Section 9.09.         Other
    Agents	94
	Section 9.10.         Certain
    ERISA Matters	94
	Section 9.11.         Posting
    of Communications.	95

 

    ii

    

    

 

	Article
    10 Representations and Warranties of Eligible Subsidiaries	97
	Section 10.01.       Organization;
    Powers	97
	Section 10.02.       Authorization	97
	Section 10.03.       Enforceability	97
	Section 10.04.       Taxes	97
	Article
    11 Guaranty	98
	Section 11.01.       The
    Guaranty	98
	Section 11.02.       Guaranty
    Unconditional	98
	Section 11.03.       Discharge
    Only Upon Payment in Full; Reinstatement in Certain Circumstances	99
	Section 11.04.       Waiver
    by the Company	99
	Section 11.05.       Subrogation	99
	Section 11.06.       Stay
    of Acceleration	99
	Section 11.07.       Continuing
    Guaranty	99
	Article
    12 Miscellaneous	100
	Section 12.01.       Notices	100
	Section 12.02.       Waivers;
    Amendments	102
	Section 12.03.       Expenses;
    Indemnity; Damage Waiver	104
	Section 12.04.       Successors
    and Assigns	105
	Section 12.05.       Survival	112
	Section 12.06.       Counterparts;
    Integration; Effectiveness	113
	Section 12.07.       Severability	114
	Section 12.08.       Right
    of Set-off	114
	Section 12.09.       Governing
    Law; Jurisdiction; Consent to Service of Process	114
	Section 12.10.       WAIVER
    OF JURY TRIAL	115
	Section 12.11.       Judgment
    Currency	115
	Section 12.12.       Headings	116
	Section 12.13.       Confidentiality	116
	Section 12.14.       USA
    Patriot Act and Beneficial Ownership Regulation Notification	117
	Section 12.15.       No
    Fiduciary Duty	117
	Section 12.16.       Acknowledgement
    and Consent to Bail-in of Affected Financial Institutions	118
	Section 12.17.       Acknowledgement
    Regarding Any Supported QFCs	119

 

    iii

    

    

 

SCHEDULES

 

	Schedule 2.01A	–	Commitments
	Schedule 2.01B	–	Swingline Commitments
	Schedule 2.05	–	Existing Letters of Credit

 

EXHIBITS

 

	Exhibit A	–	Form of Assignment and Assumption
	Exhibit B-1	–	Form of Opinion of Company’s External Counsel
	Exhibit B-2 	–	Form of Opinion of Company’s Internal Counsel
	Exhibit B-3A	–	Form of Opinion of Original Subsidiary Borrower’s
    Counsel (United Kingdom)
	Exhibit B-3B	–	Form of Opinion of Original Subsidiary Borrower’s
    Counsel (Netherlands)
	Exhibit C	–	Form of Opinion of Eligible Subsidiary’s Counsel
	Exhibit D	–	Form of Election to Participate
	Exhibit E	–	Form of Election to Terminate
	Exhibit F	–	Form of Compliance Certificate
	Exhibit G	–	Form of Increasing Lender Supplement
	Exhibit H	–	Form of New Lender Supplement
	Exhibit I	–	Form of Borrowing Request

 

    iv

    

    

 

 

AMENDED AND RESTATED CREDIT AGREEMENT dated
as of August 18, 2021 among CUMMINS INC., the SUBSIDIARY BORROWERS referred to herein, the LENDERS party hereto, JPMORGAN CHASE BANK,
N.A., as Administrative Agent, Issuing Bank and Swingline Lender and BANK OF AMERICA, N.A., CITIBANK, N.A., HSBC BANK USA, NATIONAL ASSOCIATION
and ING BANK N.V., DUBLIN BRANCH, as Issuing Banks and Swingline Lenders (as amended, restated, amended and restated, supplemented or
otherwise modified from time to time, this “Agreement”).

 

WHEREAS, the Company, the lenders party thereto
and JPMorgan Chase Bank, N.A., as administrative agent thereunder, are currently party to the Credit Agreement, dated as of August 22,
2018 (as amended, supplemented or otherwise modified prior to the date hereof, the “Existing Credit Agreement”).

 

WHEREAS, the Company, the Lenders and the Administrative
Agent have agreed to enter into this Agreement in order to (i) amend and restate the Existing Credit Agreement in its entirety; (ii)
re-evidence the obligations and liabilities of the Borrowers under the Existing Credit Agreement, which shall be repayable in accordance
with the terms of this Agreement; and (iii) set forth the terms and conditions under which the Lenders will, from time to time, make
loans and extend other financial accommodations to or for the benefit of the Borrowers.

 

WHEREAS, it is the intent of the parties hereto
that this Agreement not constitute a novation of the obligations and liabilities of the parties under the Existing Credit Agreement or
be deemed to evidence or constitute full repayment of such obligations and liabilities, but that this Agreement amend and restate in
its entirety the Existing Credit Agreement and re-evidence the obligations and liabilities of the Company outstanding thereunder, which
shall be payable in accordance with the terms hereof.

 

WHEREAS, it is also the intent of the Company
to confirm that all obligations under the applicable “Loan Documents” (as referred to and defined in the Existing Credit
Agreement) shall continue in full force and effect as modified or restated by the Loan Documents (as referred to and defined herein)
and that, from and after the Effective Date, all references to the “Credit Agreement” contained in any such existing “Loan
Documents” shall be deemed to refer to this Agreement.

 

NOW, THEREFORE, in consideration of the premises
and the mutual covenants contained herein, the parties hereto agree that the Existing Credit Agreement is hereby amended and restated
as follows:

 

Article
1

Definitions

 

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

 

“ABR”, when used in reference
to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined
by reference to the Alternate Base Rate.

 

    1 

     

    

 

“ABR Margin” has the meaning
assigned to such term in Section 2.21.

 

“Acquisition Indebtedness”
means any Indebtedness of the Company or any of its Subsidiaries that has been issued for the purpose of financing, in whole or in part,
a Material Acquisition and any related transactions or series of related transactions (including for the purpose of refinancing or replacing
all or a portion of any pre-existing Indebtedness of the Company, any of its Subsidiaries or the person(s) or assets to be acquired);
provided that (a) the release of the proceeds thereof to the Company and its Subsidiaries is contingent upon the consummation of such
Material Acquisition and, pending such release, such proceeds are held in escrow (and, if the definitive agreement (or, in the case of
a tender offer or similar transaction, the definitive offer document) for such acquisition is terminated prior to the consummation of
such Material Acquisition or if such Material Acquisition is otherwise not consummated by the date specified in the definitive documentation
relating to such Indebtedness, such proceeds shall be promptly applied to satisfy and discharge all obligations of the Company and its
Subsidiaries in respect of such Indebtedness) or (b) such Indebtedness contains a “special mandatory redemption” provision
(or other similar provision) or otherwise permits or requires such Indebtedness to be redeemed or prepaid if such Material Acquisition
is not consummated by the date specified in the definitive documentation relating to such Indebtedness (and if the definitive agreement
(or, in the case of a tender offer or similar transaction, the definitive offer document) for such Material Acquisition is terminated
in accordance with its terms prior to the consummation of such Material Acquisition or such Material Acquisition is otherwise not consummated
by the date specified in the definitive documentation relating to such Indebtedness, such Indebtedness is so redeemed or prepaid within
90 days of such termination or such specified date, as the case may be).

 

“Acquisition-Related Incremental Term
Loans” has the meaning assigned to such term in Section 2.25.

 

“Additional Letter of Credit”
means a letter of credit issued hereunder by an Issuing Bank on or after the Effective Date.

 

“Adjusted Daily Simple RFR”
means, (i) with respect to any RFR Borrowing denominated in Pound Sterling, an interest rate per annum equal to (a) the Daily Simple
RFR for Pound Sterling plus (b) 0.0326% and (ii) with respect to any RFR Borrowing denominated in Dollars, an interest rate per
annum equal to (a) the Daily Simple RFR for Dollars, plus (b) 0.10%; provided that if the Adjusted Daily Simple RFR as
so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

 

“Adjusted EURIBO Rate” means,
with respect to any Term Benchmark Borrowing denominated in Euro for any Interest Period, an interest rate per annum equal to (a) the
EURIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate; provided that if the Adjusted EURIBO Rate as
so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

 

“Adjusted Term SOFR Rate” means,
with respect to any Term Benchmark Borrowing denominated in Dollars for any Interest Period, an interest rate per annum equal to (a) the
Term SOFR Rate for such Interest Period, plus (b) 0.10%; provided that if the Adjusted Term SOFR Rate as so determined
would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

 

    2 

     

    

 

“Administrative Agent” means
JPMCB and its Affiliates, as applicable, in each case in its capacity as administrative agent for the Lenders hereunder, provided
that the rights of the Administrative Agent under Article 8, Section 12.02 and Section 12.04 shall be exercised solely by JPMCB (or
its successors) in its capacity as Administrative Agent.

 

“Administrative Questionnaire”
means an Administrative Questionnaire in a form supplied by the Administrative Agent.

 

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

 

“Affiliate” means, with respect
to a specified Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or
is under common Control with the Person specified.

 

“Agents” means the Administrative
Agent, the Syndication Agent and each Documentation Agent.

 

“Agreed Currency” means Dollars
and each Alternative Currency.

 

“Agreement” has the meaning
specified in the introductory paragraph.

 

“Alternate Base Rate” means,
for any day, a rate per annum equal to the highest of (a) the Prime Rate in effect on such day, (b) the NYFRB Rate in effect on
such day plus 1⁄2 of 1% and (c) the Adjusted Term SOFR Rate for a one month Interest Period as published two U.S. Government
Securities Business Days prior to such day (or if such day is not a U.S. Government Securities Business Day, the immediately preceding
U.S. Government Securities Business Day) plus 1%; provided that for the purpose of this definition, the Adjusted Term SOFR Rate
for any day shall be based on the Term SOFR Reference Rate at approximately 5:00 a.m., Chicago time, on such day (or any amended publication
time for the Term SOFR Reference Rate, as specified by the CME Term SOFR Administrator in the Term SOFR Reference Rate methodology).
Any change in the Alternate Base Rate due to a change in the Prime Rate, the NYFRB Rate or the Adjusted Term SOFR Rate shall be effective
from and including the effective date of such change in the Prime Rate, the NYFRB Rate or the Adjusted Term SOFR Rate, respectively.
If the Alternate Base Rate is being used as an alternate rate of interest pursuant to Section 2.13 (for the avoidance of
doubt, only until the Benchmark Replacement has been determined pursuant to Section 2.13(b)), then the Alternate Base Rate
shall be the greater of clauses (a) and (b) above and shall be determined without reference to clause (c) above. For the avoidance
of doubt, if the Alternate Base Rate as determined pursuant to the foregoing would be less than 1.00% per annum, such rate shall be deemed
to be 1.00% per annum for purposes of this Agreement.

 

“Alternative Currency” means
Euro or Pound Sterling.

 

    3 

     

    

 

“Alternative Currency Loan”
means a Loan that is made in an Alternative Currency pursuant to the applicable Borrowing Request (or request pursuant to Section 2.04).
Any Loan made in the currency of a Participating Member State before the date on which such Participating Member State adopts the Euro
as its currency (the “Entry Date”) and still outstanding on the Entry Date shall be prepaid on the last day of the
Interest Period applicable thereto on the Entry Date.

 

“Amendment No. 1 Effective Date”
means August 17, 2022.

 

“Ancillary Document” has the
meaning assigned to such term in Section 12.06.

 

“Anti-Corruption Laws” means
all laws, rules, and regulations of any jurisdiction applicable to Credit Parties or their respective subsidiaries from time to time
concerning or relating to bribery or corruption.

 

“Applicable Lending Office”
means, with respect to any Lender, (a) in the case of its ABR Loans, its Domestic Lending Office, (b) in the case of its Term Benchmark
Loans, its Term Benchmark Lending Office and (c) in the case of its Swingline Loans, its Swingline Lending Office.

 

“Applicable Parties” has the
meaning assigned to such term in Section 9.11(c).

 

“Applicable Percentage” means,
with respect to any Lender, the percentage of the total Commitments represented by such Lender’s Commitment; provided that
in the case of Section 2.23 when a Defaulting Lender shall exist, “Applicable Percentage” shall mean the percentage of the
total Commitments (disregarding any Defaulting Lender’s Commitment) represented by such Lender’s Commitment. If the Commitments
have terminated or expired, the Applicable Percentages shall be determined based upon the Commitments most recently in effect, giving
effect to any assignments and to any Lender’s status as a Defaulting Lender at the time of determination.

 

“Applicable Rate” means, for
any day, with respect to any ABR Loan, Term Benchmark Loan, RFR Loan or ESTR Loan, or with respect to the commitment fees payable hereunder,
as the case may be, the applicable ABR Margin, Term Benchmark Margin, RFR Margin or the Commitment Fee Rate, respectively, in each case
as determined for such day in accordance with Section 2.21.

 

“Approved Electronic Platform”
has the meaning assigned to such term in Section 9.11(a).

 

“Approved Fund” has the meaning
assigned to such term in Section 12.04.

 

“Approved Jurisdiction” means
(i) the United States, (ii) England and Wales in the United Kingdom, (iii) the Netherlands and (iv) any other jurisdiction approved for
this purpose by each of the Lenders.

 

    4 

     

    

 

“Arranger” means each of JPMCB,
BofA Securities, Inc., Citibank, N.A., HSBC Securities (USA) Inc. and ING Bank N.V., Dublin Branch, each in its capacity as a joint bookrunner
and joint lead arranger under this Agreement.

 

“Assignment and Assumption”
means an assignment and assumption entered into by a Lender and an assignee (with the consent of each party whose consent is required
by Section 12.04), and accepted by the Administrative Agent, in the form of Exhibit A or any other form approved by the Administrative
Agent and the Company.

 

“Availability Period” means
the period from and including the Effective Date to but excluding the earlier of the Maturity Date and the date of termination of the
Commitments in whole.

 

“Available Tenor” means, as
of any date of determination and with respect to the then-current Benchmark for any Agreed Currency, as applicable, any tenor for such
Benchmark (or component thereof) or payment period for interest calculated with reference to such Benchmark (or component thereof), as
applicable, that is or may be used for determining the length of an Interest Period for any term rate or otherwise, for determining any
frequency of making payments of interest calculated 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 (e)
of Section 2.13.

 

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

 

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

 

“Bail-In Lender” has the meaning
assigned to such term in Section 2.19(b).

 

“Bankruptcy Code” means Title
11 of the United States Code entitled “Bankruptcy”, as now and hereafter in effect, or any successor statute.

 

“Bankruptcy Event” means, with
respect to any Person, such Person becomes the subject of a voluntary or involuntary bankruptcy or insolvency proceeding, or has had
a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the
reorganization or liquidation of its business appointed for it, or, in the good faith determination of the Administrative Agent, has
taken any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any such proceeding or appointment
or has had any order for relief in such proceeding entered in respect thereof, provided that, for avoidance of doubt, a Bankruptcy
Event shall not result solely by virtue of (i) any ownership interest, or the acquisition of any ownership interest, in such Person
by a Governmental Authority or instrumentality thereof or (ii) in the case of a solvent person, the precautionary appointment of
an administrator, guardian, custodian or other similar official by a Governmental Authority under or based on the law of the country
where such Person is subject to home jurisdiction supervision if applicable law requires that such appointment not be publicly disclosed,
in any such case, where such action does not result in or provide such Person 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 Person (or such Governmental Authority
or instrumentality) to reject, repudiate, disavow or disaffirm any obligations of such Person hereunder.

 

    5 

     

    

 

“Benchmark” means, initially,
with respect to any (i) RFR Loan in any Agreed Currency, the applicable Relevant Rate for such Agreed Currency or (ii) Term Benchmark
Loan, the Relevant Rate for such Agreed Currency; provided that if a Benchmark Transition Event and the related Benchmark Replacement
Date have occurred with respect to the applicable Relevant Rate or the then-current Benchmark for such Agreed Currency, then “Benchmark”
means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant
to clause (b) of Section 2.13.

 

“Benchmark Replacement” means,
for any Available Tenor, the first alternative set forth in the order below that can be determined by the Administrative Agent for the
applicable Benchmark Replacement Date; provided that, in the case of any Loan denominated in an Alternative Currency, “Benchmark
Replacement” shall mean the alternative set forth in (2) below:

 

(1)            in
the case of any Loan denominated in Dollars, the Adjusted Daily Simple RFR for RFR Borrowings denominated in Dollars; or

 

(2)            the
sum of: (a) the alternate benchmark rate that has been selected by the Administrative Agent and the Company 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 the applicable Agreed Currency at such time in the United States and (b) the related Benchmark Replacement Adjustment;

 

provided that if the
Benchmark Replacement as determined pursuant to clause (1) or clause (2) above would be less than the Floor,
the Benchmark Replacement will be deemed to be the Floor for the purposes of this Agreement and the other Loan Documents.

 

“Benchmark Replacement Adjustment”
means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement for any applicable
Interest Period and Available Tenor for any setting of such Unadjusted Benchmark Replacement, 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 Company for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation of
a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the
applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body on the applicable Benchmark Replacement Date and/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
denominated in the applicable Agreed Currency at such time.

 

    6 

     

    

 

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

 

“Benchmark Replacement
Date” means, with respect to any Benchmark, the earliest to occur of the following events with respect to such 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); or

 

(2)        in
the case of clause (3) of the definition of “Benchmark Transition Event,” the first date on which such Benchmark
(or the published component used in the calculation thereof) has been determined and announced by the regulatory supervisor for the administrator
of such Benchmark (or such component thereof) to be no longer representative; provided that such non-representativeness will
be determined by reference to the most recent statement or publication referenced in such clause (3) and even if any Available
Tenor of such Benchmark (or such component thereof) continues to be provided on such date.

 

For the avoidance of doubt, (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).

 

    7 

     

    

 

“Benchmark Transition Event”
means, with respect to any Benchmark, the occurrence of one or more of the following events with respect to such 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 as of a specific date; provided that, at the time of such
statement or publication, there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or
such component thereof);

 

(2)        a
public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published
component used in the calculation thereof), the Board, the NYFRB, the CME Term SOFR Administrator, the central bank for the Agreed Currency
applicable to such Benchmark, 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), in each case 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 as of a specific date; 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, or as of a specified future date will no longer be, 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”
means, with respect to any 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 such then-current Benchmark
for all purposes hereunder and under any Loan Document in accordance with Section 2.13 and (y) ending at the time that a
Benchmark Replacement has replaced such then-current Benchmark for all purposes hereunder and under any Loan Document in accordance
with Section 2.13.

 

    8 

     

    

 

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

 

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

 

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

 

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

 

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

 

“BofA” means Bank of America,
N.A., a national banking association.

 

“Borrower” means the Company
or any Subsidiary Borrower, as the context may require, and their respective successors, and “Borrowers” means all
of the foregoing. When used in relation to any Loan or Letter of Credit, references to “the Borrower” are to the particular
Borrower to which such Loan is or is to be made or at whose request such Letter of Credit is or is to be issued.

 

“Borrowing” means (a) Revolving
Loans of the same Type, made, converted or continued on the same date and, in the case of Term Benchmark Loans, denominated in the same
currency and as to which a single Interest Period is in effect or (b) a Swingline Loan.

 

“Borrowing Request” means a
request by the Borrower for a Borrowing in accordance with Section 2.03 or Section 2.04, as applicable, and in substantially the form
set forth as Exhibit I hereto or such other form as the Administrative Agent and the Company may approve from time to time.

 

“Business Day” means any day
(other than a Saturday or a Sunday) on which banks are open for business in New York City; provided that, in addition to the foregoing,
a Business Day shall be (a) in relation to Loans denominated in Euro and in relation to the calculation or computation of the EURIBO
Rate, any day which is a TARGET Day, (b) in relation to RFR Loans and any interest rate settings, fundings, disbursements, settlements
or payments of any such RFR Loan, or any other dealings in the applicable Agreed Currency of such RFR Loan, any such day that is only
a RFR Business Day and (c) in relation to Loans referencing the Adjusted Term SOFR Rate and any interest rate settings, fundings, disbursements,
settlements or payments of any such Loans referencing the Adjusted Term SOFR Rate or any other dealings of such Loans referencing the
Adjusted Term SOFR Rate, any such day that is a U.S. Government Securities Business Day.

 

    9 

     

    

 

“Calendar Quarter” means a
three-month period consisting of (i) each January, February and March, (ii) each April, May and June, (iii) each July, August and September
or (iv) each October, November and December.

 

“Capital Lease Obligations”
of any Person means 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 as in effect on December 14, 2018 (without giving effect to the phase-in
of the effectiveness of any amendments to GAAP that have been adopted as of such date), and the amount of such obligations shall be the
capitalized amount thereof determined in accordance with GAAP as in effect on December 14, 2018 (without giving effect to the phase-in
of the effectiveness of any amendments to GAAP that have been adopted as of such date).

 

“CBR Loan” means a Loan that
bears interest at a rate determined by reference to the Central Bank Rate.

 

“CBR Spread” means the Applicable
Rate applicable to a Loan that is replaced by a CBR Loan.

 

“Central Bank Rate” means the
greater of (i) (A) for any Loan denominated in (a) Pound Sterling, the Bank of England (or any successor thereto)’s “Bank
Rate” as published by the Bank of England (or any successor thereto) from time to time, (b) Euro, one of the following three rates
as may be selected by the Administrative Agent reasonably and in good faith: (1) the fixed rate for the main refinancing operations of
the European Central Bank (or any successor thereto), or, if that rate is not published, the minimum bid rate for the main refinancing
operations of the European Central Bank (or any successor thereto), each as published by the European Central Bank (or any successor
thereto) from time to time, (2) the rate for the marginal lending facility of the European Central Bank (or any successor thereto), as
published by the European Central Bank (or any successor thereto) from time to time or (3) the rate for the deposit facility of the central
banking system of the Participating Member States, as published by the European Central Bank (or any successor thereto) from time to
time and (c) any other Alternative Currency determined after the Effective Date, a central bank rate as determined by the Administrative
Agent in its reasonable good faith discretion; plus (B) the applicable Central Bank Rate Adjustment and (ii) the Floor.

 

“Central Bank Rate Adjustment”
means for any Loan denominated in (a) Pound Sterling, a rate equal to the difference (which may be a positive or negative value or zero)
of (i) the average of the Adjusted Daily Simple RFR for Pound Sterling Borrowings for the last five (5) RFR Business Days for which Adjusted
Daily Simple RFR for Pound Sterling Borrowings was available (excluding, from such averaging, the highest and the lowest such Adjusted
Daily Simple RFR applicable during such period of five RFR Business Days) minus (ii) the Central Bank Rate in respect of Pound Sterling
on the last RFR Business Day in such period, (b) Euro, a rate equal to the difference (which may be a positive or negative value or zero)
of (i) the average of the EURIBO Rate for the last five (5) Business Days for which the EURIBO Rate was available (excluding, from such
averaging, the highest and the lowest EURIBO Rate applicable during such period of five Business Days) minus (ii) the Central Bank Rate
in respect of Euro on the last Business Day in such period and (c) any other Alternative Currency determined after the Effective Date,
an adjustment as determined by the Administrative Agent in its reasonable good faith discretion designed to represent the reserve ratio
or analogous requirement of any central banking or financial regulatory authority imposed in respect of the maintenance of the Commitments
or the funding of the Loans. For purposes of this definition, (x) the term Central Bank Rate shall be determined disregarding clause
(i)(B) of the definition of such term and (y) the EURIBO Rate on any day shall be based on the EURIBO Screen Rate on such day at approximately
the time referred to in the definition of such term for deposits in the applicable Agreed Currency for a maturity of one month.

 

    10 

     

    

 

“Change in Control” means that
(a) any Person or group of persons within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934 becomes the beneficial
owner, directly or indirectly, of 30% or more of the outstanding common stock of the Company or (b) individuals who constitute the Continuing
Directors cease for any reason to constitute at least a majority of the board of directors of the Company (which, for the purpose of
this definition, shall be deemed not to mean any committee of the board of directors of the Company).

 

“Change in Law” means the occurrence,
after the Amendment No. 1 Effective Date (or, with respect to any Lender, if later, the date on which such Lender becomes a Lender),
of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation
or treaty or in the administration, interpretation or application thereof by any Governmental Authority, or (c) the making or issuance
of any request, rules, guideline, requirement or directive (whether or not having the force of law) by any Governmental Authority; provided,
however, that notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act
and all requests, rules, guidelines, requirements and directives thereunder, issued in connection therewith or in implementation thereof,
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 be a “Change in Law” regardless of the date enacted, adopted,
issued or implemented.

 

“Class”, when used in reference
to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are Revolving Loans or Swingline Loans.

 

“CLO” has the meaning assigned
to such term in Section 12.04.

 

“CME Term SOFR Administrator”
means CME Group Benchmark Administration Limited as administrator of the forward-looking term Secured Overnight Financing Rate (SOFR)
(or a successor administrator).

 

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

 

“Combination” has the meaning
assigned to such term in Section 2.08(c).

 

“Combined Lender” has the meaning
assigned to such term in Section 2.08(c).

 

    11 

     

    

 

“Commitment” means, with respect
to each Lender, the commitment of such Lender to make Revolving Loans and to acquire participations in Letters of Credit and Swingline
Loans hereunder, expressed as an amount representing the maximum aggregate Dollar Amount of such Lender’s Revolving Credit Exposure
hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) increased from time to time pursuant
to Section 2.25 and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 12.04.
The initial amount of each Lender’s Commitment is set forth on Schedule 2.01A, or in the Assignment and Assumption or other documentation
or record (as such term is defined in Section 9-102(a)(70) of the New York Uniform Commercial Code) as provided in Section 12.04(b)(ii)(C)
or other documentation contemplated hereby pursuant to which such Lender shall have assumed its Commitment, as applicable. The initial
aggregate amount of the Lenders’ Commitments is $2,000,000,000.

 

“Commitment Fee Rate” has the
meaning assigned to such term in Section 2.21.

 

“Communications” means, collectively,
any notice, demand, communication, information, document or other material provided by or on behalf of any Credit Party pursuant to any
Loan Document or the transactions contemplated therein which is distributed by the Administrative Agent or any Lender by means of electronic
communications pursuant to Section 9.11(c), including through an Approved Electronic Platform.

 

“Company” means Cummins Inc.,
an Indiana corporation.

 

“Consolidated” means, as applied
to any financial or accounting term with respect to any Person, such term determined on a consolidated basis in accordance with GAAP
for such Person and all consolidated subsidiaries thereof.

 

“Consolidated Net Debt” means
Total Debt, minus (i) domestic cash and cash equivalents that are unrestricted and unencumbered (except for the Liens contemplated
in clause (x) below) and (ii) foreign cash and cash equivalents that are unrestricted, unencumbered (except for the Liens contemplated
in clause (x) below) and freely transferable to the United States (it being understood and agreed that the transfer of cash and cash
equivalents being subject to (a) any procedures or limitations which are solely within the control of the Company or applicable Subsidiary,
(b) any approval, filing, consent or the like of any third party or Governmental Authority (1) that is merely of a routine or administrative
nature, (2) that is routinely and ordinarily provided or accepted by such third party or Governmental Authority in the ordinary course
and (3) the most recent of which, at the time of determination, has not been denied or rejected by such third party or Governmental Authority
and/or (c) the imposition of any nominal governmental stamp, documentary or similar nominal tax, charge or similar levy, in each case,
shall not cause such cash and cash equivalents not to be “unrestricted, unencumbered and freely transferable” within the
meaning of the foregoing), in each case, to the extent such cash and cash equivalents (x) are not subject to a Lien in favor of any creditor
(other than any Lien of the type contemplated by Sections 6.01(a) and 6.01(r)) and (y) exceed, in the aggregate after giving effect to
clause (i), $250,000,000.

 

    12 

     

    

 

“Consolidated Subsidiary” means,
at any date, any Subsidiary or other entity the accounts of which would be Consolidated with those of the Company in its Consolidated
financial statements if such statements were prepared as of such date.

 

“Consolidated Total Capital”
means, with respect to the Company on any date, the sum of (x) Consolidated Net Debt plus (y) consolidated shareholders’ equity
of the Company and its Subsidiaries (including, for the avoidance of doubt, noncontrolling interests), Consolidated in accordance with
GAAP (excluding for this purpose the impact of accumulated other comprehensive income or loss) (provided that, for purposes hereof, such
consolidated shareholders’ equity shall be calculated without giving effect to the non-cash effects of Accounting Standards Codification
Topic 715, Compensation—Retirement Benefits (or any other Accounting Standards Codification or Financial Accounting Standard
having a similar result or effect), arising from the termination of any pension plan or change in pension accounting method), in each
case determined as of such date.

 

“Continuing Director” means
any member of the board of directors of the Company who is (i) a director of the Company on the date of this Agreement, (ii) nominated
by the board of directors of the Company or (iii) appointed or otherwise approved by directors referred to in clauses (i) and (ii).

 

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

 

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

 

“Covered Entity” means any
of the following:

 

(i)       a “covered
entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b);

 

(ii)      a “covered
bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or

 

(iii)     a “covered
FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b).

 

“Covered Party” has the meaning
assigned to it in Section 12.17.

 

“Credit Party” means the Company
and each other Borrower.

 

“Daily Simple ESTR” means,
for any day (an “ESTR Interest Day”), with respect to any Swingline Loan denominated in Euro, an interest rate per
annum equal to the greater of (a) ESTR for the day that is one Business Day prior to (i) if such ESTR Interest Day is an RFR Business
Day, such ESTR Interest Day or (ii) if such ESTR Interest Day is not an RFR Business Day, the RFR Business Day immediately preceding
such ESTR Interest Day and (b) 0%. Any change in Daily Simple ESTR due to a change in ESTR shall be effective from and including the
effective date of such change in ESTR without notice to any Borrower.

 

    13 

     

    

 

“Daily Simple RFR” means, for
any day (an “RFR Interest Day”), an interest rate per annum equal to, for any RFR Loan denominated in (i) Pound Sterling,
SONIA for the day that is five (5) RFR Business Days prior to (A) if such RFR Interest Day is an RFR Business Day, such RFR Interest
Day or (B) if such RFR Interest Day is not an RFR Business Day, the RFR Business Day immediately preceding such RFR Interest Day and
(ii) Dollars, Daily Simple SOFR.

 

“Daily Simple SOFR” means,
for any day (a “SOFR Rate Day”), a rate per annum equal to SOFR for the day that is five (5) RFR Business Days prior
to (i) if such SOFR Rate Day is an RFR Business Day, such SOFR Rate Day or (ii) if such SOFR Rate Day is not an RFR Business Day, the
RFR Business Day immediately preceding such SOFR Rate Day, in each case, as such SOFR is published by the SOFR Administrator on the SOFR
Administrator’s Website. Any change in Daily Simple SOFR due to a change in SOFR shall be effective from and including the effective
date of such change in SOFR without notice to the Company.

 

“Daily Simple SONIA” means,
for any day (a “SONIA Interest Day”), with respect to any Swingline Loan denominated in Pound Sterling, an interest
rate per annum equal to the greater of (a) SONIA for the day that is one Business Day prior to (1) if such SONIA Interest Day is a RFR
Business Day, such SONIA Interest Day and (2) if such SONIA Interest Day is not a RFR Business Day, the RFR Business Day immediately
preceding such SONIA Interest Day and (b) 0%. Any change in Daily Simple SONIA due to a change in SONIA shall be effective from and including
the effective date of such change in SONIA without notice to any Borrower.

 

“Default” means any event or
condition which constitutes an Event of Default or which upon notice, lapse of time or both would, unless cured or waived, become an
Event of Default.

 

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

 

“Defaulting Lender” means any
Lender that (a) has failed, within two Business Days of the date required to be funded or paid, to (i) fund all or any portion of
its Loans, (ii) fund all or any portion of its participations in Letters of Credit or Swingline Loans or (iii) pay over to any Lender
Party any other amount required to be paid by it hereunder, unless, in the case of clause (i) above, such Lender notifies the Administrative
Agent and the Company in writing that such failure is the result of such Lender’s reasonable determination that a condition precedent
to funding (specifically identified and including the particular default, if any) has not been satisfied, (b) has notified the Company
or the Administrative Agent and the Company in writing, or has made a public statement to the effect, that it does not intend or expect
to comply with all or any portion of its funding obligations under this Agreement (unless such writing or public statement indicates
that such position is based on such Lender’s reasonable determination that a condition precedent (specifically identified and including
the particular default, if any) to funding under this Agreement cannot be satisfied) or generally under other agreements in which it
commits to extend credit, (c) has failed, within three Business Days after request by the Administrative Agent or the Company, acting
in good faith, to provide a certification in writing from an authorized officer of such Lender that it will comply with its obligations
to fund prospective Loans and participations in then outstanding Letters of Credit or Swingline Loans under this Agreement, provided
that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon the Administrative Agent’s or the Company’s
receipt of such certification in form and substance satisfactory to it, or (d) has become (or has a Parent that has become) the subject
of a Bankruptcy Event and/or a Bail-In Action.

 

    14 

     

    

 

“Disqualified Institution”
has the meaning assigned to such term in Section 12.04.

 

“Documentation Agents” means
each of Citibank, N.A., HSBC Bank USA, National Association and ING Bank N.V., Dublin Branch, in its capacity as documentation agent
in respect of this Agreement.

 

“Dollars” or “$”
refers to lawful money of the United States of America.

 

“Dollar Amount” of any amount
of any currency means, at the time of determination thereof, (a) if such amount is expressed in Dollars, such amount, (b) if such amount
is expressed in an Alternative Currency, the equivalent of such amount in Dollars determined by using the rate of exchange for the purchase
of Dollars with such Alternative Currency last provided (either by publication or otherwise provided to the Administrative Agent) by
the applicable Reuters source on the Business Day (New York City time) immediately preceding the date of determination or if such service
ceases to be available or ceases to provide a rate of exchange for the purchase of Dollars with such Alternative Currency, as provided
by such other publicly available information service which provides that rate of exchange at such time in place of Reuters chosen by
the Administrative Agent in its reasonable discretion (or if such service ceases to be available or ceases to provide such rate of exchange,
the equivalent of such amount in Dollars as reasonably determined by the Administrative Agent, in consultation with the Company, using
any reasonable method of determination it deems reasonably appropriate) and (c) if such amount is denominated in any other currency,
the equivalent of such amount in Dollars as reasonably determined by the Administrative Agent, in consultation with the Company, using
any reasonable method of determination it deems reasonably appropriate.

 

“Dollar-Denominated Loan” means
a Loan that is made in Dollars.

 

“Dollar-Denominated Revolving Borrowing”
means a Revolving Borrowing denominated in Dollars.

 

“Domestic Lending Office” means,
as to each Lender, its office located at its address set forth in its Administrative Questionnaire (or identified in its Administrative
Questionnaire as its Domestic Lending Office) or such other office as such Lender may hereafter designate as its Domestic Lending Office
by notice to the Company and the Administrative Agent.

 

“DQ List” has the meaning assigned
to such term in Section 12.04(g)(iv).

 

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

 

    15 

     

    

 

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

 

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

 

“Effective Date” means the
date on which the conditions specified in Section 4.01 are satisfied (or waived in accordance with Section 12.02).

 

“Election to Participate” means
an Election to Participate substantially in the form of Exhibit D.

 

“Election to Terminate” means
an Election to Terminate substantially in the form of Exhibit E.

 

“Electronic Signature” means
an electronic sound, symbol, or process attached to, or associated with, a contract or other record and adopted by a Person with the
intent to sign, authenticate or accept such contract or record.

 

“Eligible Subsidiary” means
any Wholly-Owned Consolidated Subsidiary organized under the laws of an Approved Jurisdiction (i) as to which an Election to Participate
shall have been delivered to the Administrative Agent and (ii) as to which an Election to Terminate with respect to such Election to
Participate shall not have been delivered to the Administrative Agent. Each such Election to Participate and Election to Terminate shall
be duly executed on behalf of such Wholly-Owned Consolidated Subsidiary and the Company in such number of copies as the Administrative
Agent may request. If at any time a Subsidiary theretofore designated as an Eligible Subsidiary no longer qualifies as a Wholly-Owned
Consolidated Subsidiary, the Company shall cause to be delivered to the Administrative Agent an Election to Terminate terminating the
status of such Subsidiary as an Eligible Subsidiary. The delivery of an Election to Terminate shall not affect any obligation of an Eligible
Subsidiary theretofore incurred or the Company’s guarantee thereof. The Administrative Agent shall promptly give notice to the
Lenders of the receipt of any Election to Participate or Election to Terminate.

 

“Environmental Laws” means
all laws, rules, regulations, codes, ordinances, orders, decrees, judgments, injunctions, notices or binding agreements issued, promulgated
or entered into by any Governmental Authority, relating in any way to the environment, preservation or reclamation of natural resources,
or the management, release or threatened release of any Hazardous Material.

 

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

 

    16 

     

    

 

“Equity Interests” means shares
of capital stock, partnership interests, membership interests in a limited liability company, beneficial interests in a trust or other
equity ownership interests in a Person, and any warrants, options or other rights entitling the holder thereof to purchase or acquire
any such equity interest.

 

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

 

“ERISA Affiliate” means any
trade or business (whether or not incorporated) that, together with the Company, is treated as a single employer under Section 414(b)
or (c) of the Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employer under
Section 414 of the Code.

 

“ERISA Event” means (a) any
 “reportable event”, as defined in Section 4043 of ERISA or the regulations issued thereunder with respect to a Plan
(other than an event for which the 30-day notice period is waived), (b) the filing pursuant to Section 412(c) of the Code or
Section 302(c) of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan, (c) the incurrence
by the Company or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan,
(d) the receipt by the Company or any ERISA Affiliate from the PBGC or a plan administrator of any notice relating to an intention
to terminate any Plan or Plans or to appoint a trustee to administer any Plan, (e) the incurrence by the Company or any of its ERISA
Affiliates of any liability with respect to the withdrawal or partial withdrawal from any Plan or Multiemployer Plan, (f) the receipt
by the Company or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the Company or any ERISA Affiliate
of any notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be,
 “insolvent” within the meaning of Title IV of ERISA or in “endangered” or in “critical” status
within the meaning of Section 432 of the Code or Section 305 of ERISA; (g) a determination that any Plan is or is reasonably
expected to be in “at risk” status (within the meaning of Section 430 of the Code or Section 303 of ERISA); (h) the conditions
contained in Section 303(k)(1)(A) of ERISA for imposition of a lien shall have been met with respect to any Plan; (i) the cessation of
operations at a facility of the Company or any ERISA Affiliate in the circumstances described in Section 4062(e) of ERISA; or (j) a Foreign
Plan Event.

 

“ESTR” means, with respect
to any Business Day, a rate per annum equal to the Euro Short Term Rate for such Business Day published by the ESTR Administrator on
the ESTR Administrator’s Website.

 

“ESTR Administrator” means
the European Central Bank (or any successor administrator of the Euro Short Term Rate).

 

    17 

     

    

 

“ESTR Administrator’s Website”
means the European Central Bank’s website, currently at http://www.ecb.europa.eu, or any successor source for the Euro Short Term
Rate identified as such by the ESTR Administrator from time to time.

 

“ESTR Loans” means a Loan that
bears interest at a rate based on Daily Simple ESTR.

 

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

 

“EURIBO Rate” means, with respect
to any Term Benchmark Borrowing denominated in Euro and for any Interest Period, the EURIBO Screen Rate, two (2) TARGET Days prior to
the commencement of such Interest Period.

 

“EURIBO Screen Rate” means
the Euro interbank offered rate administered by the European Money Markets Institute (or any other person which takes over the administration
of that rate) for Euro for the relevant period displayed (before any correction, recalculation or republication by the administrator)
on page EURIBOR01 of the Reuters screen (or any replacement Reuters page which displays that rate) or on the appropriate page of such
other information service which publishes that rate from time to time in place of Reuters as published at approximately 11:00 a.m.
Brussels time two TARGET Days prior to the commencement of such Interest Period. If such page or service ceases to be available, the
Administrative Agent may specify another commercially recognized page or service displaying the relevant rate after consultation with
the Borrower.

 

“Euro” means the single currency
of the Participating Member States.

 

“Event of Default” has the
meaning assigned to such term in Article 8.

 

“Evergreen Letter of Credit”
means a Letter of Credit that is automatically extended unless the applicable Issuing Bank gives notice to the beneficiary thereof stating
that such Letter of Credit will not be extended.

 

“Excluded Taxes” means, with
respect to the Administrative Agent, any Lender, any Issuing Bank or any other recipient of any payment to be made by or on account of
any obligation of any Borrower under any Loan Document, (a) income or franchise taxes imposed on (or measured by) its net income by the
United States or by the jurisdiction under the laws of which such recipient is organized or in which its principal office is located
or, in the case of any Lender, in which its Applicable Lending Office is located, (b) any branch profits taxes imposed by the United
States of America, or any similar tax imposed by any other jurisdiction described in clause (a) above, (c) in the case of a Foreign Lender
(other than an assignee pursuant to a request by the Company under Section 2.19(b)), any withholding tax that (i) is imposed on amounts
payable to such Foreign Lender at the time such Foreign Lender becomes a party to this Agreement (or designates a new Applicable Lending
Office), except to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time of designation of a new Applicable
Lending Office (or assignment), to receive additional amounts from any Borrower with respect to such withholding tax pursuant to Section
2.16(a) or (ii) is attributable to such Foreign Lender’s failure to comply with Section 2.16(e), (f) and (g), and (d) Taxes resulting
from FATCA.

 

    18 

     

    

 

“Existing Credit Agreement”
is defined in the recitals hereof.

 

“Existing Letters of Credit”
means the letters of credit issued by an Issuing Bank before the Effective Date and listed in Schedule 2.05.

 

“Extension Agreement” has the
meaning assigned to such term in Section 2.24(a).

 

“Extension Date” has the meaning
assigned to such term in Section 2.24(a).

 

“FATCA” means Sections 1471
through 1474 of the Code, as of the Amendment No. 1 Effective Date (or any amended or successor version that is substantively comparable
and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreement
entered into pursuant to Section 1471(b)(1) of the Code, and any fiscal or regulatory legislation, rules or practices adopted pursuant
to any intergovernmental agreement, treaty or convention among Governmental Authorities and implementing such Sections of the Code.

 

“Federal Funds Effective Rate”
means, for any day, the rate calculated by the NYFRB based on such day’s federal funds transactions by depositary institutions,
as determined in such manner as shall be set forth on the NYFRB’s Website from time to time, and published on the next succeeding
Business Day by the NYFRB as the effective federal funds rate; provided that if the Federal Funds Effective Rate as so determined would
be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement.

 

“Financial Officer” means the
chief financial officer, principal accounting officer, treasurer or assistant treasurer.

 

“Floor” means the benchmark
rate floor, if any, provided in this Agreement initially (as of the execution of this Agreement, the modification, amendment or renewal
of this Agreement or otherwise) with respect to the Adjusted Term SOFR Rate, the Adjusted EURIBO Rate, each Adjusted Daily Simple RFR
or the Central Bank Rate, as applicable. For the avoidance of doubt, the initial Floor for each of the Adjusted Term SOFR Rate, the Adjusted
EURIBO Rate, each Adjusted Daily Simple RFR or the Central Bank Rate shall be 0%.

 

“Foreign Lender” means any
Lender that is organized under the laws of a jurisdiction outside the United States.

 

“Foreign Plan” shall mean any
benefit plan maintained or contributed to by the Company or any Subsidiary that, under applicable law other than the laws of the United
States or any political subdivision thereof, is required to be funded through a trust or other funding vehicle other than a trust or
funding vehicle maintained exclusively by a Governmental Authority.

 

    19 

     

    

 

“Foreign Plan Event” shall
mean, with respect to any Foreign Plan, (a) the existence of unfunded liabilities in excess of the amount permitted under any applicable
law, or in excess of the amount that would be permitted absent a waiver from a Governmental Authority; (b) the failure to make the required
contributions or payments, under any applicable law, on or before the due date for such contributions or payments; (c) the receipt of
a notice by a Governmental Authority relating to the intention to terminate any such Foreign Plan or to appoint a trustee or similar
official to administer any such Foreign Plan, or alleging the insolvency of any such Foreign Plan; (d) the incurrence of any liability
by the Company or any Subsidiary under applicable law on account of the complete or partial termination of such Foreign Plan or the complete
or partial withdrawal of any participating employer therein; or (e) the occurrence of any transaction that is prohibited under any applicable
law and that could reasonably be expected to result in the incurrence of any liability by the Company or any Subsidiary, or the imposition
on the Company or any Subsidiary of any fine, excise tax or penalty resulting from any noncompliance with any applicable law.

 

“GAAP” means generally accepted
accounting principles in the United States as described in Section 1.04.

 

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

 

“Guarantee” of or by any Person
means, without duplication, any obligation, contingent or otherwise, of such Person guaranteeing or having the economic effect of guaranteeing
any Indebtedness of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and including
any obligation of such Person, direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of)
such Indebtedness or to purchase (or to advance or supply funds for the purchase of) any security for the payment of such Indebtedness,
(b) to purchase property, securities or services for the purpose of assuring the owner of such Indebtedness of the payment of such Indebtedness
or (c) to maintain working capital, equity capital or other financial statement condition or liquidity of the primary obligor so as to
enable the primary obligor to pay such Indebtedness; provided, however, that, the term “Guarantee” shall not include
endorsements for collection or deposit in the ordinary course of business. It is understood and agreed that the amount of any Guarantee
of or by any Person shall be deemed to be the lower of (a) the amount of Indebtedness in respect of which such Guarantee exists and (b)
the maximum amount for which such Person may be liable pursuant to the terms of the instrument embodying such Guarantee.

 

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

 

“Increasing Lender” has the
meaning assigned to such term in Section 2.25.

 

    20 

     

    

 

 

“Increasing Lender Supplement”
means a supplement to this Agreement substantially in the form of Exhibit G attached hereto.

 

“Incremental Term Loan” has
the meaning assigned to such term in Section 2.25.

 

“Incremental Term Loan Amendment”
has the meaning assigned to such term in Section 2.25.

 

“Indebtedness” of any Person
means, without duplication, (a) all obligations of such Person for borrowed money, (b) all obligations of such Person evidenced by bonds,
debentures, notes or similar instruments, (c) all obligations of such Person under conditional sale or other title retention agreements
relating to property or assets purchased by such Person, (d) all obligations of such Person issued or assumed as the deferred purchase
price of property or services, (e) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing
right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such Person, whether or not the obligations
secured thereby have been assumed, (f) all Guarantees by such Person of Indebtedness of others, (g) all Capital Lease Obligations of
such Person, (h) all obligations of such Person as an account party in respect of letters of credit and bankers’ acceptances and
(i) net obligations under Swap Agreements. The Indebtedness of any Person shall also include the Indebtedness of any partnership in which
such Person is a general partner, except to the extent that recourse against such general partner (as a general partner) has been contractually
waived or limited. Notwithstanding the foregoing, the term “Indebtedness”, in respect of the Company and its Subsidiaries,
shall not include (i) deferred compensation and employee benefit obligations for officers and employees of the Company or any of its
Subsidiaries, (ii) trade and similar payables and accrued expenses or liabilities incurred in the ordinary course of business, (iii)
any customary earnout or holdback in connection with an acquisition not prohibited by this Agreement, (iv) any obligations in respect
of customer advances held in the ordinary course of business, (v) performance bonds, performance guarantees or similar obligations (or
contingent reimbursement obligations in respect of bank guarantees or letters of credit in lieu thereof) entered into in the ordinary
course of business, (vi) any Indebtedness that has been discharged, defeased and/or redeemed, provided that funds in an amount
equal to all such Indebtedness (including interest and any other amounts required to be paid to the holders thereof in order to give
effect to such discharge, defeasance and/or redemption) have been irrevocably deposited with a trustee for the benefit of the relevant
holders of such Indebtedness or (vii) interest, fees, make-whole amounts, premiums, charges or expenses, if any, relating to the principal
amount of Indebtedness. If any Indebtedness is limited to recourse against a particular asset or assets of a Person, the amount of the
corresponding Indebtedness shall be equal to the lesser of the amount of such Indebtedness and the fair market value of such asset or
assets, as determined by the Company in good faith, at the date for determination of the amount of such Indebtedness. For all purposes
of this Agreement, the amount of Indebtedness of the Company and its Subsidiaries shall be calculated without duplication of guaranty
obligations of the Company or any Subsidiary in respect thereof.

 

“Indemnified Taxes” means Taxes,
other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any obligation of any Borrower under this
Agreement.

 

    21 

     

    

 

“Ineligible Institution” means
(a) a natural person, (b) a Defaulting Lender or its Parent, (c) the Company, any of its Subsidiaries or any of its Affiliates, (d) a
company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural person or relative(s) thereof or
(e) a Disqualified Institution.

 

“Interest Election Request”
means a request by the Borrower to convert or continue a Borrowing in accordance with Section 2.07.

 

“Interest Payment Date” means
(a) with respect to any ABR Loan (other than a Swingline Loan), the last day of each March, June, September and December and the applicable
Maturity Date, (b) with respect to any RFR Loan, each date that is on the numerically corresponding day in each calendar month that is
one month after the Borrowing of such RFR Loan (or, if there is no such numerically corresponding day in such month, then the last day
of such month) and the applicable Maturity Date, (c) with respect to any Term Benchmark Loan, the last day of the Interest Period applicable
to the Borrowing of which such Loan is a part and, in the case of a Term Benchmark Borrowing with an Interest Period of more than three
months’ duration, each day prior to the last day of such Interest Period that occurs at intervals of three months’ duration
after the first day of such Interest Period and the applicable Maturity Date, and (d) with respect to any Swingline Loan, the day that
such Loan is required to be repaid and the applicable Maturity Date.

 

“Interest Period” means, with
respect to any Term Benchmark Borrowing, the period commencing on the date of such Borrowing and ending on the numerically corresponding
day in the calendar month that is one, three or six months thereafter (or such other period of time as is acceptable to each of the Lenders)
(in each case, subject to the availability for the Benchmark applicable to the relevant Loan or Commitment for any Agreed Currency),
as the applicable Borrower (or the Company on behalf of the applicable Borrower) may elect; provided that: (a) if any Interest Period
would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless, in the
case of a Term Benchmark Borrowing only, such next succeeding Business Day would fall in the next calendar month, in which case such
Interest Period shall end on the next preceding Business Day, (b) any Interest Period pertaining to a Term Benchmark Borrowing that commences
on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month
of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period and (c) no tenor that
has been removed from this definition pursuant to Section 2.13(f) shall be available for specification in any Borrowing Request or Interest
Election Request. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter,
other than for purposes of Section 4.02, shall be the effective date of the most recent conversion or continuation of such Borrowing.

 

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

 

    22 

     

    

 

“Issuing Bank” means JPMCB,
BofA, Citibank, N.A., HSBC Bank USA, National Association, ING Bank N.V., Dublin Branch and any other Lender that agrees to act as an
Issuing Bank, each in its capacity as the issuer of Letters of Credit hereunder, and its successors in such capacity as provided in Section
2.05(i). Any Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of such Issuing
Bank, in which case the term “Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by
such Affiliate (excluding Sections 2.05(j) and 12.04(b)(i)(B)). Each reference herein to the “Issuing Bank” in connection
with a Letter of Credit or other matter shall be deemed to be a reference to the relevant Issuing Bank with respect thereto.

 

“Issuing Bank Sublimit” means
(i) for each of JPMCB, BofA, Citibank, N.A., HSBC Bank USA, National Association and ING Bank N.V., Dublin Branch, each separately in
its capacity as Issuing Bank (including any of its relevant Affiliates), $20,000,000 or such higher amount as the applicable Issuing
Bank may agree in writing and (ii) for any other Lender that becomes an Issuing Bank after the date hereof, such amount as may be separately
agreed in writing between the Borrower and such Issuing Bank.

 

“JPMCB” means JPMorgan Chase
Bank, N.A., a national banking association.

 

“LC Disbursement” means a payment
made by an Issuing Bank pursuant to a Letter of Credit.

 

“LC Exposure” means, at any
time, the sum of (a) the aggregate Dollar Amount of the undrawn amount of all outstanding Letters of Credit at such time plus (b) the
aggregate Dollar Amount of all LC Disbursements that have not yet been reimbursed by or on behalf of the Borrower at such time. The LC
Exposure of any Lender at any time shall be its Applicable Percentage of the total LC Exposure at such time. 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 Article 29(a) of the Uniform Customs and Practice for Documentary Credits, International Chamber of Commerce
Publication No. 600 (or such later version thereof as may be in effect at the applicable time) or Rule 3.13 or Rule 3.14 of the International
Standby Practices, International Chamber of Commerce Publication No. 590 (or such later version thereof as may be in effect at the applicable
time) or similar terms of the Letter of Credit itself, or if compliant documents have been presented but not yet honored, such Letter
of Credit shall be deemed to be “outstanding” and “undrawn” in the amount so remaining available to be paid,
and the obligations of the Company and each Lender shall remain in full force and effect until the relevant Issuing Bank and the Lenders
shall have no further obligations to make any payments or disbursements under any circumstances with respect to any Letter of Credit.

 

“LC Termination Date” means,
at any time, the date that is the fifth Business Day prior to the latest Maturity Date then in effect as to any Letter of Credit issued
in an Alternative Currency and, at any time, the date that is the fifth Business Day prior to the latest Maturity Date then in effect
as to any Letter of Credit issued in Dollars.

 

“Lender Party” has the meaning
assigned to such term in Section 12.15.

 

“Lenders” means the Persons
listed on Schedule 2.01A and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption
or other documentation contemplated hereby, other than any such Person that ceases to be a party hereto pursuant to an Assignment and
Assumption or other documentation contemplated hereby. Unless the context otherwise requires, the term “Lenders” includes
the Swingline Lenders.

 

    23 

     

    

 

“Letter of Credit” means any
Existing Letter of Credit or Additional Letter of Credit.

 

“Letter of Credit Agreement”
has the meaning assigned to such term in Section 2.05(c).

 

“Liabilities” has the meaning
assigned to such term in Section 9.06.

 

“Lien” means, with respect
to any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance, charge or security interest in or on such asset
and (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any
financing lease having substantially the same economic effect as any of the foregoing) relating to such asset, but excluding, for the
avoidance of doubt, any operating lease.

 

“Limited Conditionality Acquisition”
has the meaning assigned to such term in Section 2.25.

 

“Limited Conditionality Acquisition Agreement”
has the meaning assigned to such term in Section 2.25.

 

“Loan Documents” means this
Agreement, any amendment thereto, each Election to Participate and any promissory notes issued to any Lender hereunder.

 

“Loans” means the loans made
by the Lenders to the Borrowers pursuant to this Agreement.

 

“Material Acquisition” means
any acquisition if the aggregate consideration paid or to be paid (including liabilities to be assumed as part of the purchase consideration)
by the Company or a Subsidiary in respect of such acquisition is equal to or greater than $350,000,000.

 

“Material Adverse Effect” means
a material adverse effect on (a) the business, assets, operations or financial condition of the Company and the Subsidiaries taken
as a whole, (b) the ability of the Company to perform any of its material obligations under the Loan Documents or (c) the validity
or enforceability of, or the rights of or remedies available to the Lenders under, the Loan Documents; provided, however,
that events, circumstances, changes, effects or conditions with respect to the Company and its Subsidiaries disclosed in any Form 10-K,
Form 10-Q or Form 8-K filed by the Company with the Securities and Exchange Commission prior to the Amendment No. 1 Effective Date shall
not constitute a “Material Adverse Effect” to the extent so disclosed.

 

“Maturity Date” means August
18, 2026 or, as to any Lender for which the Maturity Date is extended pursuant to Section 2.24, the date to which the Maturity Date is
so extended or, if any such day is not a Business Day, the next preceding Business Day.

 

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

 

    24 

     

    

 

“Multiemployer Plan” means
a multiemployer plan as defined in Section 4001(a)(3) of ERISA to which the Company or any ERISA Affiliate contributes or with respect
to which the Company or any ERISA Affiliate has any liability.

 

“Net Debt to Total Capital Ratio”
has the meaning assigned to such term in Section 7.01.

 

“New Lender” has the meaning
assigned to such term in Section 2.25.

 

“New Lender Supplement” means
a supplement to this Agreement substantially in the form of Exhibit H attached hereto.

 

“NYFRB” means the Federal Reserve
Bank of New York.

 

“NYFRB Rate” means, for any
day, the greater of (a) the Federal Funds Effective Rate in effect on such day and (b) the Overnight Bank Funding Rate in effect on such
day (or for any day that is not a Business Day, for the immediately preceding Business Day); provided that if none of such rates are
published for any day that is a Business Day, the term “NYFRB Rate” means the rate quoted for such day for a federal funds
transaction quoted at 11:00 a.m., New York City time, on such day received by the Administrative Agent from a federal funds broker unaffiliated
with the Administrative Agent of recognized standing selected by it; provided, further, that if any of the aforesaid rates
as so determined would be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.

 

“NYFRB’s Website” means
the website of the NYFRB at http://www.newyorkfed.org, or any successor source.

 

“Original Subsidiary Borrower”
means each of Cummins EMEA Holdings Limited, a company incorporated under the laws of England and Wales in the United Kingdom, and CMI
Netherlands Holdings B.V., a company incorporated under the laws of the Netherlands. The Company may, by delivery to the Administrative
Agent of an Election to Terminate, terminate the status of any of the above-listed Subsidiaries as an Original Subsidiary Borrower. The
delivery of an Election to Terminate shall not affect any obligation of an Original Subsidiary Borrower theretofore incurred or the Company’s
guarantee thereof. The Administrative Agent shall promptly give notice to the Lenders of the receipt of any such Election to Terminate.

 

“Other Taxes” means any and
all present or future stamp, documentary, or filing taxes or any other excise or property taxes, charges or similar levies arising from
any payment made under any Loan Document or from the execution, delivery or enforcement of or registration of, or otherwise with respect
to, any Loan Document.

 

“Overnight Bank Funding Rate”
means, for any day, the rate comprised of both overnight federal funds and overnight eurodollar transactions denominated in Dollars by
U.S.-managed banking offices of depository institutions, as such composite rate shall be determined by the NYFRB as set forth on the
NYFRB’s Website from time to time, and published on the next succeeding Business Day by the NYFRB as an overnight bank funding
rate.

 

    25 

     

    

 

“Overnight Rate” means, for
any day, (a) with respect to any amount denominated in Dollars, the NYFRB Rate and (b) with respect to any amount denominated in an Alternative
Currency, an overnight rate reasonably determined by the Administrative Agent in accordance with banking industry rules on interbank
compensation.

 

“Parent” means, with respect
to any Lender, any Person as to which such Lender is, directly or indirectly, a subsidiary.

 

“Participant” has the meaning
set forth in Section 12.04(c).

 

“Participant Register” has
the meaning assigned to such term in Section 12.04(c).

 

“Participating Member States”
means those members of the European Union from time to time which adopt a single, shared currency.

 

“Payment” has the meaning assigned
to such term in Section 9.07(b).

 

“Payment Notice” has the meaning
assigned to such term in Section 9.07(b).

 

“PBGC” means the Pension Benefit
Guaranty Corporation referred to and defined in ERISA and any successor entity performing similar functions.

 

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

 

“Plan” means any employee pension
benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA, and in respect of which the Company
or any ERISA Affiliate 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.

 

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

 

“Pound Sterling” means the
lawful currency of the United Kingdom.

 

“Prime Rate” means the rate
of interest last quoted by The Wall Street Journal as the “Prime Rate” in the U.S. or, if The Wall Street Journal ceases
to quote such rate, the highest per annum interest rate published by the Board in Federal Reserve Statistical Release H.15 (519) (Selected
Interest Rates) as the “bank prime loan” rate or, if such rate is no longer quoted therein, any similar rate quoted therein
(as determined reasonably and in good faith by the Administrative Agent) or any similar release by the Board (as determined reasonably
and in good faith by the Administrative Agent). Each change in the Prime Rate shall be effective from and including the date such change
is publicly announced or quoted as being effective.

 

“Priority Indebtedness” shall
mean, at any time, without duplication, (i) the aggregate principal amount of all Indebtedness of the Company then outstanding which
Indebtedness is secured by Liens on property and assets of the Company or any Subsidiary (other than Indebtedness secured by Liens described
in (a) through (l) of Section 6.01), and (ii) the aggregate principal amount of all outstanding Indebtedness of all Subsidiaries (other
than (x) Indebtedness hereunder, (y) Indebtedness of Subsidiaries payable to the Company or any Wholly-Owned Consolidated Subsidiary
and (z) any unsecured Guarantee of Indebtedness issued by the Company; provided that such Subsidiary shall also have guaranteed
the obligations hereunder on or prior to the date on which such Guarantee is given).

 

    26 

     

    

 

“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.

 

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

 

“QFC Credit Support” has the
meaning assigned to it in Section 12.17.

 

“Reference Time” with respect
to any setting of the then-current Benchmark means (i) if such Benchmark is the Term SOFR Rate, 5:00 a.m., Chicago time, on the day that
is two (2) U.S. Government Securities Business Days preceding the date of such setting, (ii) if such Benchmark is the EURIBO Rate, 11:00
a.m., Brussels time two (2) TARGET Days preceding the date of such setting, (iii) if the RFR for such Benchmark is SONIA, then four (4)
RFR Business Days prior to such setting, (iv) if the RFR for such Benchmark is Daily Simple SOFR, then four (4) RFR Business Days prior
to such setting or (v) if such Benchmark is none of the Term SOFR Rate, Daily Simple SOFR, the EURIBO Rate or SONIA, the time determined
by the Administrative Agent in its reasonable good faith discretion.

 

“Register” has the meaning
set forth in Section 12.04(b)(iv).

 

“Regulation D” shall mean Regulation
D of the Board, as the same is from time to time in effect, and all official rulings and interpretations thereunder or thereof.

 

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

 

“Regulation X” shall mean Regulation
X of the Board, as from time to time in effect, and all official rulings and interpretations thereunder or thereof.

 

“Related Parties” means, with
respect to any specified Person, such Person’s Affiliates and the respective directors, officers, employees, agents and advisors
of such Person and such Person’s Affiliates.

 

“Relevant Governmental Body”
means (i) with respect to a Benchmark Replacement in respect of Loans denominated in Dollars, the Board and/or the NYFRB, or a committee
officially endorsed or convened by the Board and/or the NYFRB or, in each case, any successor thereto, (ii) with respect to a Benchmark
Replacement in respect of Loans denominated in Pound Sterling, the Bank of England, or a committee officially endorsed or convened by
the Bank of England or, in each case, any successor thereto, (iii) with respect to a Benchmark Replacement in respect of Loans denominated
in Euro, the European Central Bank, or a committee officially endorsed or convened by the European Central Bank or, in each case, any
successor thereto or (iv) with respect to a Benchmark Replacement in respect of Loans denominated in any other currency, (a) the central
bank for the currency in which such Benchmark Replacement is denominated or any central bank or other supervisor which is responsible
for supervising either (1) such Benchmark Replacement or (2) the administrator of such Benchmark Replacement or (b) any working group
or committee officially endorsed or convened by (1) the central bank for the currency in which such Benchmark Replacement is denominated,
(2) any central bank or other supervisor that is responsible for supervising either (A) such Benchmark Replacement or (B) the administrator
of such Benchmark Replacement, (3) a group of those central banks or other supervisors or (4) the Financial Stability Board or any part
thereof.

 

    27 

     

    

 

“Relevant Rate” means (i) with
respect to any Term Benchmark Borrowing denominated in Dollars, the Adjusted Term SOFR Rate, (ii) with respect to any Term Benchmark
Borrowing denominated in Euro, the Adjusted EURIBO Rate or (iii) with respect to any RFR Borrowing denominated in Pound Sterling or Dollars,
the Adjusted Daily Simple RFR, as applicable.

 

“Relevant Screen Rate” means
(i) with respect to any Term Benchmark Borrowing denominated in Dollars, the Term SOFR Reference Rate or (ii) with respect to any Term
Benchmark Borrowing denominated in Euro, the EURIBO Screen Rate, as applicable.

 

“Replacement Lender” has the
meaning assigned to such term in Section 2.08(c).

 

“Required Lenders” means, subject
to Section 2.23, (a) at any time prior to the earlier of the Loans becoming due and payable pursuant to Article 8 or the Commitments
terminating or expiring, Lenders having Revolving Credit Exposures and Unfunded Commitments representing more than 50% of the sum of
the Total Revolving Credit Exposure and Unfunded Commitments at such time, provided that, solely for purposes of declaring the
Loans to be due and payable pursuant to Article 8, the Unfunded Commitment of each Lender shall be deemed to be zero; and (b)
for all purposes after the Loans become due and payable pursuant to Article 8 or the Commitments expire or terminate, Lenders
having Revolving Credit Exposures representing more than 50% of the Total Revolving Credit Exposure; provided that, in the case
of clauses (a) and (b) above, (x) the Revolving Credit Exposure of any Lender that is a Swingline Lender shall be deemed to exclude any
amount of its Swingline Exposure in excess of its Applicable Percentage of all outstanding Swingline Loans, adjusted to give effect to
any reallocation under Section 2.23 of the Swingline Exposures of Defaulting Lenders in effect at such time, and the Unused Commitment
of such Lender shall be determined on the basis of its Revolving Credit Exposure excluding such excess amount and (y) for the purpose
of determining the Required Lenders needed for any waiver, amendment, modification or consent of or under this Agreement or any other
Loan Document, any Lender that is the Company or an Affiliate of the Borrower shall be disregarded.

 

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

 

“Retired Commitments” has the
meaning assigned to such term in Section 2.08(c).

 

“Reuters” means Thomson Reuters
Corp., Refinitiv or any successor thereto.

 

    28 

     

    

 

“Revolving Credit Exposure”
means, with respect to any Lender at any time, the sum of the outstanding Dollar Amount of such Lender’s Revolving Loans and the
aggregate Dollar Amount of its LC Exposure and Swingline Exposure at such time.

 

“Revolving Loan” means a Loan
made pursuant to Section 2.03.

 

“RFR” means, for any RFR Loan
denominated in (a) Pound Sterling, SONIA and (b) Dollars, Daily Simple SOFR, and when used in reference to any Loan or Borrowing, means
that such Loan, or the Loans comprising such Borrowing, bears interest at a rate determined by reference to the applicable Adjusted Daily
Simple RFR.

 

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

 

“RFR Business Day” means, for
any Loan denominated in (a) Pound Sterling, any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which banks are closed
for general business in London and (b) Dollars, a U.S. Government Securities Business Day.

 

“RFR Interest Day” has the
meaning specified in the definition of “Daily Simple RFR”.

 

“RFR Loan” means a Loan that
bears interest at a rate based on the Adjusted Daily Simple RFR.

 

“RFR Margin” has the meaning
assigned to such term in Section 2.21.

 

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

 

“Sanctioned Country” means,
at any time, a country, region or territory which is itself the subject or target of any Sanctions (as of the Amendment No. 1 Effective
Date, the so-called Donetsk People’s Republic, the so-called Luhansk People’s Republic, the Crimea Region of Ukraine,
Cuba, Iran, North Korea and Syria).

 

“Sanctioned Person” means,
at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control
of the U.S. Department of the Treasury, the U.S. Department of State or by the United Nations Security Council, the European Union, Her
Majesty’s Treasury of the United Kingdom or Canada, (b) any Person organized or resident in a Sanctioned Country in violation of
Sanctions and (c) any Person 50% or greater owned or controlled by any such Person or Persons described in the foregoing clauses (a)
or (b).

 

“Sanctions” means economic
or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the U.S. government, including those
administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, or (b) the
United Nations Security Council, the European Union, Canada or Her Majesty’s Treasury of the United Kingdom.

 

    29 

     

    

 

“Significant Subsidiary” means
any Subsidiary (which term, as used in this definition, includes such Subsidiary’s subsidiaries) which meets any of the following
conditions:

 

(i)       the
Company’s and the other Subsidiaries’ outstanding investments in and advances to such Subsidiary exceed 10% of the Consolidated
total assets of the Company, in each case as of the end of the most recently completed fiscal year of the Company for which financial
statements have been delivered pursuant to Section 5.04(a);

 

(ii)       the
total assets (after intercompany eliminations) of such Subsidiary exceed 10% of the Consolidated total assets of the Company as of the
end of the most recently completed fiscal year of the Company for which financial statements have been delivered pursuant to Section
5.04(a);

 

(iii)       the
net sales of such Subsidiary (after intercompany eliminations) exceed 10% of the Consolidated net sales of the Company for the most recently
completed fiscal year of the Company for which financial statements have been delivered pursuant to Section 5.04(a); or

 

(iv)       any
Subsidiary with or into which a Significant Subsidiary is merged or which has acquired all or substantially all the assets of a Significant
Subsidiary in either case pursuant to a transaction permitted by Section 6.02; provided, however, that such Subsidiary
shall cease to be a Significant Subsidiary at the time of delivery pursuant to Section 5.04(a) of financial statements covering the fiscal
year in which such transaction occurred unless one of the conditions set forth in clauses (i), (ii) or (iii) above is satisfied
with respect to such Subsidiary.

 

“SOFR” means a rate per annum
equal to the secured overnight financing rate as administered by the SOFR Administrator.

 

“SOFR Administrator” means
the NYFRB (or a successor administrator of the secured overnight financing rate).

 

“SOFR Administrator’s Website”
means the NYFRB’s website, 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.

 

“SOFR Rate Day” has the meaning
specified in the definition of “Daily Simple SOFR”.

 

“SONIA” means, with respect
to any Business Day, a rate per annum equal to the Sterling Overnight Index Average for such Business Day published by the SONIA Administrator
on the SONIA Administrator’s Website on the immediately succeeding Business Day.

 

“SONIA Administrator” means
the Bank of England (or any successor administrator of the Sterling Overnight Index Average).

 

“SONIA Administrator’s Website”
means the Bank of England’s website, currently at http://www.bankofengland.co.uk, or any successor source for the Sterling Overnight
Index Average identified as such by the SONIA Administrator from time to time.

 

    30 

     

    

 

“Statutory Reserve Rate” means
a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one minus the
aggregate of the maximum reserve percentage (including any marginal, special, emergency or supplemental reserves) expressed as a decimal
established by the Board to which the Administrative Agent is subject with respect to the Adjusted EURIBO Rate for eurocurrency funding
(currently referred to as “Eurocurrency liabilities” in Regulation D) or any other reserve ratio or analogous requirement
of any central banking or financial regulatory authority imposed in respect of the maintenance of the Commitments or the funding of the
Loans. Such reserve percentage shall include those imposed pursuant to Regulation D. Term Benchmark Loans for which the associated Benchmark
is adjusted by reference to the Statutory Reserve Rate (per the related definition of such Benchmark) shall be deemed to constitute eurocurrency
funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be
available from time to time to any Lender under Regulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted
automatically on and as of the effective date of any change in any reserve percentage.

 

“subsidiary” means, with respect
to any Person (herein referred to as the “parent”), any corporation, association or other business entity of which
securities or other ownership interests representing more than 50% of the ordinary voting power are, at the time any determination is
being made, owned, controlled or held by the parent or one or more subsidiaries of the parent.

 

“Subsidiary” means any subsidiary
of the Company.

 

“Subsidiary Borrower” means
each Original Subsidiary Borrower and each Eligible Subsidiary, and “Subsidiary Borrowers” means all or any combination of
the foregoing as the context may require.

 

“Supported QFC” has the meaning
assigned to it in Section 12.17.

 

“Surviving Commitment” has
the meaning assigned to such term in Section 2.08(c).

 

“Surviving Lender” has the
meaning assigned to such term in Section 2.08(c).

 

“Swap Agreement” means any
agreement 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;
provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former
directors, officers, employees or consultants of the Company or the Subsidiaries shall be a Swap Agreement.

 

“Swingline Commitment” means
as to any Lender (i) the amount set forth opposite such Lender’s name on Schedule 2.01B hereof, as such amount may be increased
from time to time upon request of the Borrower with the written consent of such Lender, (ii) if such Lender has been designated as a
Swingline Lender pursuant to Section 2.04(d), the amount set forth in the written agreement among such Lender, the Company and the Administrative
Agent setting forth such designation or (iii) if such Lender has entered into an Assignment and Assumption, the amount set forth for
such Lender as its Swingline commitment in the Register maintained by the Administrative Agent pursuant to Section 12.04(b)(iv).

 

    31 

     

    

 

“Swingline Exposure” means,
at any time, the aggregate principal amount of all Swingline Loans outstanding at such time. The Swingline Exposure of any Lender at
any time shall be the sum, without duplication, of (a) its Applicable Percentage of the aggregate principal amount of all Swingline Loans
outstanding at such time (excluding, in the case of any Lender that is a Swingline Lender, Swingline Loans made by it that are outstanding
at such time to the extent that the other Lenders shall not have funded their participations in such Swingline Loans), adjusted to give
effect to any reallocation under Section 2.23 of the Swingline Exposure of Defaulting Lenders in effect at such time, and (b) in
the case of any Lender that is a Swingline Lender, the aggregate principal amount of all Swingline Loans made by such Lender outstanding
at such time, less the amount of participations funded by the other Lenders in such Swingline Loans.

 

“Swingline Lender” means (a)
each of JPMCB, BofA, Citibank, N.A. or any of its affiliates, HSBC Bank USA, National Association and ING Bank N.V., Dublin Branch in
its capacity as lender of Swingline Loans hereunder and (b) any other Lender that is designated as a Swingline Lender in accordance with
Section 2.04(d).

 

“Swingline Lending Office”
means, as to each Swingline Lender, its office located at its address set forth in its Administrative Questionnaire (or identified in
its Administrative Questionnaire as its Swingline Lending Office) or such other office as such Swingline Lender may hereafter designate
as its Swingline Lending Office by notice to the Company and the Administrative Agent.

 

“Swingline Loan” means a Loan
made pursuant to Section 2.04.

 

“Syndication Agent” means BofA
in its capacity as syndication agent in respect of this Agreement.

 

“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.

 

“TARGET Day” means any day
on which TARGET2 (or, if such payment system ceases to be operative, such other payment system, if any, reasonably determined by the
Administrative Agent to be a suitable replacement, such determination to be consistent with such determination generally under other
syndicated credit facilities for which it acts as administrative agent) is open for the settlement of payments in Euro.

 

“Taxes” means any and all present
or future taxes, levies, imposts, duties, deductions, charges or withholdings imposed by any Governmental Authority, including any interest,
additions to tax or penalties applicable thereto.

 

“Term Benchmark”, when used
in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a
rate determined by reference to the Adjusted Term SOFR Rate (except pursuant to clause (c) of the definition of “Alternate Base
Rate”) or the Adjusted EURIBO Rate.

 

    32 

     

    

 

“Term Benchmark Lending Office”
means, as to each Lender, its office, branch or affiliate located at its address set forth in its Administrative Questionnaire (or identified
in its Administrative Questionnaire as its Term Benchmark Lending Office) or such other office, branch or affiliate of such Lender as
it may hereafter designate as its Term Benchmark Lending Office by notice to the Company and the Administrative Agent; provided
that any Lender may from time to time by notice to the Borrower and the Administrative Agent designate separate Term Benchmark Lending
Offices for its Loans in different currencies and/or to different Borrowers, in which case all references herein to the Term Benchmark
Lending Office of such Lender shall be deemed to refer to any or all of such offices, as the context may require.

 

“Term Benchmark Margin” has
the meaning assigned to such term in Section 2.21.

 

“Term SOFR Determination Day”
has the meaning assigned to it under the definition of Term SOFR Reference Rate.

 

“Term SOFR Rate” means, with
respect to any Term Benchmark Borrowing denominated in Dollars and for any tenor comparable to the applicable Interest Period, the Term
SOFR Reference Rate at approximately 5:00 a.m., Chicago time, two U.S. Government Securities Business Days prior to the commencement
of such tenor comparable to the applicable Interest Period, as such rate is published by the CME Term SOFR Administrator.

 

“Term SOFR Reference Rate”
means, for any day and time (such day, the “Term SOFR Determination Day”), with respect to any Term Benchmark Borrowing
denominated in Dollars and for any tenor comparable to the applicable Interest Period, the rate per annum published by the CME Term SOFR
Administrator and identified reasonably and in good faith by the Administrative Agent as the forward-looking term rate based on SOFR.
If by 5:00 p.m. (New York City time) on such Term SOFR Determination Day, the “Term SOFR Reference Rate” for the applicable
tenor has not been published by the CME Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR Rate has
not occurred, then, so long as such day is otherwise a U.S. Government Securities Business Day, the Term SOFR Reference Rate for such
Term SOFR Determination Day will be the Term SOFR Reference Rate as published in respect of the first preceding U.S. Government Securities
Business Day for which such Term SOFR Reference Rate was published by the CME Term SOFR Administrator, so long as such first preceding
U.S. Government Securities Business Day is not more than five (5) U.S. Government Securities Business Days prior to such Term
SOFR Determination Day.

 

“Total Debt” means, with respect
to the Company on any date, all indebtedness for borrowed money of the Company and its Subsidiaries, Consolidated in accordance with
GAAP, excluding, for the avoidance of doubt, intercompany indebtedness.

 

“Total Revolving Credit Exposure”
means, at any time, the outstanding principal amount of the Revolving Loans and Swingline Loans at such time.

 

“Trade Date” has the meaning
assigned to such term in Section 12.04(g)(i).

 

    33 

     

    

 

“Transactions” means the execution,
delivery and performance by the Credit Parties of the Loan Documents, the borrowing of Loans and the issuance of Letters of Credit hereunder.

 

“Type”, when used in reference
to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising such Borrowing, is determined
by reference to the Adjusted Term SOFR Rate, the Adjusted EURIBO Rate, the Alternate Base Rate, the Adjusted Daily Simple RFR, Daily
Simple ESTR, Daily Simple SONIA or the Central Bank Rate.

 

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

 

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

 

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

 

“Unfunded Commitment” means,
with respect to each Lender, the Commitment of such Lender less its Revolving Credit Exposure.

 

“UCP” means, with respect to
any Letter of Credit, the Uniform Customs and Practice for Documentary Credits, International Chamber of Commerce Publication No. 600
(or such later version thereof as may be in effect at the time of issuance).

 

“United States” or “U.S.”
means the United States of America, including the States thereof and the District of Columbia, but excluding its territories and possessions.

 

“U.S. Government Securities Business
Day” means any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which the Securities Industry and Financial
Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading
in United States government securities.

 

“U.S. Special Resolution Regime”
has the meaning assigned to it in Section 12.17.

 

“Wholly-Owned Consolidated Subsidiary”
means any Consolidated Subsidiary all of the shares of capital stock or other ownership interests of which (except directors’ qualifying
shares) are at the time owned by the Company or one or more Wholly-Owned Consolidated Subsidiaries.

 

“Withdrawal Liability” means
liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined
in Part I of Subtitle E of Title IV of ERISA.

 

    34 

     

    

 

“Withholding Agent” has the
meaning assigned to such term in Section 2.16(a).

 

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

 

Section 1.02.     
Classification of Loans and Borrowings. For purposes of this Agreement, Loans may be classified
and referred to by Class (e.g., a “Revolving Loan”) or by Type (e.g., an “ABR Loan” or a “Term
Benchmark Loan”) or by Class and Type (e.g., an “ABR Revolving Loan”). Borrowings also may be classified
and referred to by Class (e.g., a “Revolving Borrowing”) or by Type (e.g., an “ABR Borrowing” or
a “Term Benchmark Borrowing”) or by Class and Type (e.g., an “ABR Revolving Borrowing”).

 

Section 1.03.     
Terms Generally. The definitions of terms herein shall apply equally to the singular and plural
forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter
forms. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase
 “without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”
and the word “permit” shall be construed to have the same meaning and effect as the word “suffer”. Unless the
context requires otherwise, (a) any definition of or reference to any agreement, instrument or other document herein shall be construed
as referring to such agreement, instrument or other document as from time to time amended, amended and restated, supplemented or otherwise
modified (subject to any restrictions on such amendments, supplements or modifications set forth herein), (b) any reference herein to
any Person shall be construed to include such Person’s successors and assigns (subject to any restrictions on assignment set forth
herein), (c) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be
construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Articles,
Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement
and (e) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer
to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights.

 

    35 

     

    

 

Section 1.04.     
Accounting Terms; GAAP. Unless otherwise specified herein, all accounting terms used herein shall
be interpreted, all accounting determinations hereunder shall be made, and all financial statements required to be delivered hereunder
shall be prepared in accordance with GAAP as in effect from time to time; provided that, if the Company notifies the Administrative
Agent that the Company wishes to amend any provision hereof to eliminate the effect of any change in GAAP or in the application thereof
(or if the Administrative Agent notifies the Company that the Required Lenders wish to amend any provision hereof for such purpose),
then such provision shall be applied on the basis of GAAP in effect immediately before the relevant change became effective, until either
such notice is withdrawn or such provision is amended in a manner satisfactory to the Company and the Required Lenders. 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 (including computations in respect of compliance with Section 7.01) 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 Company or any Subsidiary
at “fair value”, as defined therein, (ii) without giving effect to any treatment of Indebtedness under Accounting Standards
Codification 470-20 or 2015-03 (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 and (iii) without giving effect to any change to, or modification of, GAAP
(including any future phase-in of changes to GAAP that have been approved as of December 14, 2018) which would require the capitalization
of leases characterized as “operating leases” as of December 14, 2018 (it being understood and agreed, for the avoidance
of doubt, financial statements delivered pursuant to Sections 5.04(a) and 5.04(b) shall be prepared without giving effect to this sentence).

 

Section 1.05.     
Amendment and Restatement of the Existing Credit Agreement. The parties to this Agreement agree
that, upon (i) the execution and delivery by each of the parties hereto of this Agreement and (ii) satisfaction of the conditions set
forth in Section 4.01, the terms and provisions of the Existing Credit Agreement shall be and hereby are amended, superseded and restated
in their entirety by the terms and provisions of this Agreement. This Agreement is not intended to and shall not constitute a novation.
All “Loans” (the “Existing Loans”) made and obligations and liabilities of the Borrowers incurred under
the Existing Credit Agreement which are outstanding on the Effective Date shall continue as Loans and obligations and liabilities of
the Borrowers under (and shall be governed by the terms of) this Agreement and the other Loan Documents. Without limiting the foregoing,
upon the effectiveness hereof: (a) all references in the “Loan Documents” (as defined in the Existing Credit Agreement) to
the “Administrative Agent”, the “Credit Agreement” and the “Loan Documents” shall be deemed to refer
to the Administrative Agent, this Agreement and the Loan Documents, (b) the Administrative Agent shall make such reallocations, sales,
assignments or other relevant actions in respect of each Lender’s credit exposure under the Existing Credit Agreement as are necessary
in order that each such Lender’s Revolving Credit Exposure and outstanding Revolving Loans hereunder reflects such Lender’s
Applicable Percentage of the outstanding aggregate Revolving Credit Exposures on the Effective Date (without the necessity of executing
and delivering any Assignment and Assumption or the payment of any processing or recordation fee), (c) the Existing Letters of Credit
which remain outstanding on the Effective Date under the Existing Credit Agreement shall continue as Letters of Credit under (and shall
be governed by the terms of) this Agreement and (d) the Company hereby agrees to compensate each Lender for any and all losses, costs
and expenses incurred by such Lender in connection with the sale and assignment of any Euro-Currency Loans (including the “Euro-Currency
Loans” under the Existing Credit Agreement) and such reallocation described above, in each case on the terms and in the manner
set forth in Section 2.15 hereof.

 

    36 

     

    

 

Section 1.06.     
Interest Rates; Benchmark Notification. The interest rate on a Loan denominated in Dollars or an
Alternative Currency may be derived from an interest rate benchmark that may be discontinued or is, or may in the future become, the
subject of regulatory reform. Upon the occurrence of a Benchmark Transition Event, Section 2.13(b) provides a mechanism for determining
an alternative rate of interest. The Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability
with respect to, the administration, submission, performance or any other matter related to any interest rate used in this Agreement,
or with respect to any alternative or successor rate thereto, or replacement rate thereof, including without limitation, whether the
composition or characteristics of any such alternative, successor or replacement reference rate will be similar to, or produce the same
value or economic equivalence of, the existing interest rate being replaced or have the same volume or liquidity as did any existing
interest rate prior to its discontinuance or unavailability (other than, for the avoidance of doubt, in each case with respect to its
obligation to apply the definition of such rate in accordance with its terms and comply with its obligations in Article II (including
Section 2.13) of this Agreement). The Administrative Agent and its affiliates and/or other related entities may engage in transactions
that affect the calculation of any interest rate used in this Agreement or any alternative, successor or alternative rate (including
any Benchmark Replacement) and/or any relevant adjustments thereto, in each case, in a manner adverse to the Company. The Administrative
Agent may select information sources or services commonly used in the banking industry for such purposes in its reasonable good faith
discretion to ascertain any interest rate used in this Agreement, any component thereof, or rates referenced in the definition thereof,
in each case pursuant to the terms of this Agreement, and shall have no liability to the Company, any Lender or any other person or entity
for damages of any kind, including direct or indirect, special, punitive, incidental or consequential damages, costs, losses or expenses
(whether in tort, contract or otherwise and whether at law or in equity), for any error or calculation of any such rate (or component
thereof) provided by any such information source or service.

 

Section 1.07.     
Certain Calculations. No Default or Event of Default shall arise as a result of any limitation or
threshold set forth in Dollars in ‎Articles 6 and 8 under this Agreement being exceeded solely as a result of changes
in currency exchange rates from those rates applicable on the last day of the fiscal quarter of the Company immediately preceding the
fiscal quarter of the Company in which the applicable transaction or occurrence requiring a determination occurs.

 

Section 1.08.     
Divisions. For all purposes under the Loan Documents, in connection with any division or plan of
division under Delaware law (or any comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation
or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been
transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall
be deemed to have been organized and acquired on the first date of its existence by the holders of its Equity Interests at such time.

 

    37 

     

    

 

Article
2

The Credits

 

Section 2.01.     
Commitments. Subject to the terms and conditions set forth herein, each Lender agrees to make Revolving
Loans denominated in Dollars or in an Alternative Currency as the applicable Borrower elects pursuant to Section 2.03 to such
Borrower from time to time during the Availability Period; provided that, immediately after each such Loan is made, the amount
of each Lender’s Revolving Credit Exposure shall not exceed such Lender’s Commitment. Within the foregoing limits and subject
to the terms and conditions set forth herein, any Borrower may borrow, prepay and reborrow Revolving Loans.

 

Section 2.02.     
Loans and Borrowings. (a) Each Revolving Loan shall be made as part of a Borrowing consisting
of Revolving Loans made by the Lenders ratably in accordance with their respective Commitments. The failure of any Lender to make any
Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments
of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required. Each Lender
may, at its option, make any Loan available to any foreign Subsidiary Borrower by causing any foreign or domestic branch or Affiliate
of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of such foreign Subsidiary
Borrower to repay such Loan in accordance with the terms of this Agreement.

 

(b)        
Subject to Section 2.13, each Revolving Borrowing shall be comprised (i) in the case of Revolving Borrowings in Dollars, entirely
of ABR Loans or Term Benchmark Loans and (ii) in the case of Revolving Borrowings in any other Agreed Currency, entirely of Term Benchmark
Loans or RFR Loans, as applicable, in each case of the same Agreed Currency, as the Borrower may request in accordance herewith. Each
Lender at its option may make any Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided
that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms
of this Agreement.

 

(c)        
At the time that any Revolving Borrowing is made, such Borrowing shall be (i) in the case of a Dollar-Denominated Revolving Borrowing,
in an aggregate Dollar Amount that is not less than $10,000,000 and an integral multiple of $1,000,000 and (ii) in the case of a Borrowing
denominated in an Alternative Currency, in an aggregate amount in such Alternative Currency that is not less than 10,000,000 units of
such Alternative Currency and an integral multiple of 1,000,000 units of such Alternative Currency; provided that an ABR Revolving
Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total Commitments or that is required to finance
the reimbursement of an LC Disbursement as contemplated by Section 2.05(f). Each Swingline Loan shall be in a Dollar Amount that is an
integral multiple of $100,000 and not less than $500,000, or, in the case of a Swingline Loan denominated in an Alternative Currency,
in an amount in such Alternative Currency that is an integral multiple of 100,000 units of such Alternative Currency and not less than
500,000 units of such Alternative Currency. Borrowings of more than one Type and Class may be outstanding at the same time; provided
that there shall not at any time be more than a total of fifteen Term Benchmark Borrowings or RFR Borrowings outstanding.

 

(d)        
Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or
continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date.

 

    38 

     

    

 

Section 2.03.     
Requests for Revolving Borrowings. To request a Revolving Borrowing, the Borrower shall notify the
Administrative Agent of such request (a) in the case of a Term Benchmark Borrowing denominated in Dollars or Euro, by irrevocable written
notice (via a written Borrowing Request) not later than 11:00 a.m., New York City time, three U.S. Government Securities Business
Days before the date of the proposed Borrowing, (b) in the case of an RFR Borrowing denominated in Pound Sterling, by irrevocable
written notice (via a written Borrowing Request) not later than 11:00 a.m., New York City time, five Business Days before the date
of the proposed Borrowing or (c) in the case of an ABR Borrowing, by irrevocable written notice (via a written Borrowing Request)
not later than 11:00 a.m., New York City time, on the date of the proposed Borrowing. Each such Borrowing Request shall specify
the following information in compliance with Section 2.02:

 

(i)           
the currency and the aggregate amount (in such currency) of the requested Borrowing;

 

(ii)           
the date of such Borrowing, which shall be a Business Day;

 

(iii)           
whether such Borrowing is to be an ABR Borrowing, a Term Benchmark Borrowing or an RFR Borrowing;

 

(iv)           
in the case of a Term Benchmark Borrowing, the initial Interest Period to be applicable thereto, which shall be a period contemplated
by the definition of the term “Interest Period”; and

 

(v)           
the location and number of the Borrower’s account to which funds are to be disbursed, which shall comply with the requirements
of Section 2.06.

 

If no election as to the currency of a Borrowing is specified, then
the requested Borrowing shall be made in Dollars. If no election as to the Type of Revolving Borrowing denominated in Dollars is specified,
then the requested Revolving Borrowing shall be a Term Benchmark Borrowing with an Interest Period of one month’s duration. If
no Interest Period is specified with respect to any requested Term Benchmark Borrowing, then the Borrower shall be deemed to have selected
an Interest Period of one month’s duration. Promptly following receipt of a Borrowing Request in accordance with this Section,
the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as
part of the requested Borrowing.

 

Section 2.04.     
Swingline Loans. (a) Subject to the terms and conditions set forth herein, each Swingline Lender
severally agrees to make Swingline Loans to any Borrower in an Alternative Currency or in Dollars, as the Borrower elects, from time
to time during the Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate
principal amount of outstanding Swingline Loans made by any Swingline Lender exceeding a Dollar Amount equal to such Swingline Lender’s
Swingline Commitment or such higher amount as the applicable Swingline Lender may agree in writing, (ii) such Swingline Lender’s
Revolving Credit Exposure exceeding its Commitment, (iii) the aggregate principal amount of the outstanding Swingline Loans exceeding
$300,000,000 or (iv) the Total Revolving Credit Exposure of all Lenders exceeding the total Commitments; provided that no Swingline
Lender shall be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and
subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow Swingline Loans.

 

    39 

     

    

 

(b)        
To request a Swingline Loan, the Borrower shall notify the applicable Swingline Lender (with a copy to the Administrative Agent)
of such request by irrevocable written notice (via a written Borrowing Request), (i) in the case of a Borrowing denominated in an Alternative
Currency, at its applicable office (as set forth in Section 12.01) no later than 10:00 a.m. London time on the date of the proposed Swingline
Loan (provided that the Borrower shall confirm such request by facsimile (or electronic communication, if arrangements for doing so have
been approved by the applicable Swingline Lender) no later than 10:00 a.m. London time on the date of the proposed Swingline Loan), and
(ii) in the case of a Term Benchmark Borrowing denominated in Dollars or an ABR Borrowing, 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 shall specify the requested date (which shall
be a Business Day), currency and amount of the requested Swingline Loan and the location and number of the Borrower’s account to
which the funds are to be disbursed. Each Swingline Lender shall make each Swingline Loan to be made by it available to the Borrower
by means of a credit to the account designated by the Borrower for such purpose (or, in the case of a Swingline Loan made to finance
the reimbursement of an LC Disbursement as provided in Section 2.05(f), by remittance to the applicable Issuing Bank) by (i) 4:00 p.m.
London time, in the case of Alternative Currency Loans and (ii) 4:00 p.m., New York City time, in the case of Dollar-Denominated
Loans, on the requested date of such Swingline Loan.

 

(c)        
Any Swingline Lender may by written notice given to the Administrative Agent not later than (i) 10:00 a.m., London time, on any
Business Day, in the case of Alternative Currency Loans or (ii) 10:00 a.m., New York City time, on any Business Day, in the case of Dollar-Denominated
Loans, require the Lenders to acquire participations on such Business Day in all or a portion of its Swingline Loans outstanding. Such
notice shall specify the aggregate amount of Swingline Loans in which Lenders will participate. Promptly upon receipt of such notice,
the Administrative Agent will give notice thereof to each Lender, specifying in such notice such Lender’s Applicable Percentage
of such Swingline Loan or Swingline Loans. Each Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided
above, to pay to the Administrative Agent, for the account of such Swingline Lender, such Lender’s Applicable Percentage of such
Swingline Loan or Swingline Loans. Each 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 Commitments, and that each such payment shall be made without any offset,
abatement, withholding or reduction whatsoever. Each Lender shall comply with its obligation under this paragraph by wire transfer of
immediately available funds, in the same manner as provided in Section 2.06 with respect to Loans made by such Lender (and Section 2.06
shall apply, mutatis mutandis, to the payment obligations of the Lenders), and the Administrative Agent shall promptly pay to
such Swingline Lender the amounts so received by it from the 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 such Swingline Lender. Any amounts received by such Swingline Lender from the Borrower (or other
party on behalf of the Borrower) in respect of a Swingline Loan after receipt by such 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 Lenders that shall have made their payments pursuant to this paragraph and to such Swingline
Lender, as their interests may appear; provided that any such payment so remitted shall be repaid to such Swingline Lender or
to the Administrative Agent, as applicable, if and to the extent such payment is required to be refunded to the Borrower for any reason.
The purchase of participations in a Swingline Loan pursuant to this paragraph shall not relieve the Borrower of any default in the payment
thereof.

 

    40 

     

    

 

 

(d)        
The Company may, at any time and from time to time with the consent of the Administrative Agent (which consent shall not be unreasonably
withheld, conditioned or delayed) and the relevant Lender, designate one or more additional Lenders to act as a Swingline Lender under
the terms of this Agreement. Any Lender designated as a Swingline Lender pursuant to this Section 2.04(d) who agrees in writing to such
designation shall be deemed to be a “Swingline Lender” (in addition to being a Lender) in respect of Swingline Loans made
or to be made by such Lender.

 

(e)        
Any Swingline Lender may be replaced at any time by written agreement among the Company, the Administrative Agent (such agreement
not to be unreasonably withheld, conditioned or delayed), and the successor Swingline Lender. The Administrative Agent shall notify the
Lenders of any such replacement of the relevant Swingline Lender. At the time any such replacement shall become effective, the Company
shall pay all unpaid interest accrued for the account of the replaced Swingline Lender pursuant to Section 2.12(c). From and after
the effective date of any such replacement, (i) the successor Swingline Lender shall have all the rights and obligations of the
replaced Swingline Lender under this Agreement with respect to Swingline Loans made thereafter and (ii) references herein to the
term “Swingline Lender” shall be deemed to refer to such successor or to any previous Swingline Lender, or to such successor
and all previous Swingline Lenders, as the context shall require. After the replacement of a Swingline Lender hereunder, the replaced
Swingline Lender shall remain a party hereto and shall continue to have all the rights and obligations of a Swingline Lender under this
Agreement with respect to Swingline Loans made by it prior to its replacement, but shall not be required to make additional Swingline
Loans.

 

(f)         
Subject to the appointment and acceptance of a successor Swingline Lender, any Swingline Lender may resign as a Swingline Lender
at any time upon thirty (30) days’ prior written notice to the Administrative Agent, the Company and the Lenders, in which case,
such Swingline Lender shall be replaced in accordance with Section 2.04(e) above.

 

Section 2.05.     
Letters of Credit. (a) Existing Letters of Credit. On the Effective Date, without further
action by any party hereto, each applicable Issuing Bank shall be deemed to have granted to each Lender, and each Lender shall be deemed
to have acquired from such Issuing Bank, a participation in each Existing Letter of Credit equal to such Lender’s Applicable Percentage
of (i) the aggregate amount available to be drawn thereunder and (ii) the aggregate unpaid amount of any outstanding reimbursement obligations
in respect thereof. Such participations shall be on all the same terms and conditions as participations granted in Additional Letters
of Credit under Section 2.05(e).

 

    41 

     

    

 

(b)        
General. Subject to the terms and conditions set forth herein, any Borrower may request the issuance of Additional Letters of
Credit denominated in Dollars or in an Alternative Currency for its own account in a form acceptable to the Administrative Agent and
the applicable Issuing Bank, at any time and from time to time during the Availability Period. In the event of any inconsistency between
the terms and conditions of this Agreement and the terms and conditions of any Letter of Credit Agreement, the terms and conditions of
this Agreement shall control. Unless otherwise expressly agreed by the Issuing Bank and the Borrower when a Letter of Credit is issued
(including any such agreement applicable to an Existing Letter of Credit), (i) the rules of the ISP shall apply to each standby Letter
of Credit, and (ii) the rules of the UCP shall apply to each commercial Letter of Credit. Notwithstanding anything herein to the contrary,
no Issuing Bank shall have any obligation hereunder to issue any Letter of Credit the proceeds of which would be made available to any
Person (i) to fund any activity or business of or with any Designated Person, or in any country or territory that, at the time of such
funding, is the subject of any Sanctions, in each case to the extent prohibited for a Person required to comply with Sanctions, (ii)
in any manner that would result in a violation of any Sanctions by any party to this Agreement or (iii) in any manner that would result
in a violation of one or more policies of such Issuing Bank applicable to letters of credit generally.

 

(c)        
Notice of Issuance, Amendment, Extension; Certain Conditions. To request the issuance of an Additional Letter of Credit (or the
amendment or extension of an outstanding Letter of Credit), the Borrower shall hand deliver, email or facsimile (or transmit by electronic
communication, if arrangements for doing so have been approved by the applicable Issuing Bank) to such Issuing Bank and the Administrative
Agent (reasonably in advance of the requested date of issuance, amendment or extension but in any event no less than three (3) Business
Days in advance thereof unless a shorter period is acceptable to the applicable Issuing Bank in its sole discretion) a notice requesting
the issuance of an Additional Letter of Credit, or identifying the Letter of Credit to be amended or extended, and specifying the date
of issuance, amendment or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall
comply with paragraph (d) of this Section), the currency and amount in such currency of such Additional Letter of Credit, the name
and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend or extend such Letter of Credit.
In addition, if required by such Issuing Bank, as a condition to any such Letter of Credit issuance, the Company shall have entered into
a continuing agreement (or other letter of credit agreement) for the issuance of letters of credit and/or shall submit a letter of credit
application, in a form agreed to by the Company and the applicable Issuing Bank in connection with any request for a Letter of Credit
(each, a “Letter of Credit Agreement”). A Letter of Credit shall be issued, amended or extended only if (and upon
issuance, amendment or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect
to such issuance, amendment or extension (i) the Dollar Amount of the LC Exposure shall not exceed $100,000,000, (ii) the sum of
the Dollar Amount of the Total Revolving Credit Exposure of all Lenders shall not exceed the total Commitments and (iii) subject to Section
2.20, the Dollar Amount of each Lender’s Revolving Credit Exposure shall not exceed such Lender’s Commitment. Without limitation
of the foregoing, no Issuing Bank shall be required to issue, amend or extend any Letter of Credit if, after giving effect thereto, the
Dollar Amount of the LC Exposure with respect to all Letters of Credit issued by such Issuing Lender would exceed its Issuing Bank Sublimit.

 

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(d)        
Expiration Date. Each Letter of Credit shall expire (or, if set forth in such Letter of Credit, be subject to termination by notice
from the Issuing Bank to the beneficiary thereof) at or prior to the close of business on the earlier of (i) the date one year after
the date of the issuance of such Additional Letter of Credit or, in the case of any extension thereof, one year after such extension
(or, if any such day is not a Business Day, the next preceding Business Day), unless the Required Lenders and the applicable Issuing
Bank, in their discretion, have approved a later expiry date in writing and (ii) the LC Termination Date; provided that, notwithstanding
clauses (i) and (ii) above, an Additional Letter Credit may expire after, but in any event no later than one year after, the LC Termination
Date, if such Additional Letter of Credit is cash collateralized in accordance with Section 2.05(k) or backed by a standby letter of
credit from a financial institution with a rating of A2 or higher from Moody’s or A or higher from S&P on the date of its issuance
or extension (as applicable), in each case in an amount and on terms reasonably satisfactory to the Administrative Agent and the applicable
Issuing Bank. The expiry date of any Letter of Credit may be extended from time to time (i) at the Borrower’s request in accordance
with (c) above or (ii) in the case of an Evergreen Letter of Credit, automatically, without prior notice to and approval from the other
Lenders, in each case so long as such extension (A) is for a period not exceeding one year, (B) is granted (or the last day on which
notice can be given to prevent such extension occurs) no earlier than three months before the then existing expiry date thereof and (C)
does not extend beyond the LC Termination Date (unless the requirements of the proviso set forth in the prior sentence are satisfied).

 

(e)        
Participations. By the issuance of an Additional Letter of Credit (or an amendment to a Letter of Credit increasing the amount
thereof) and without any further action on the part of the applicable Issuing Bank or the Lenders, such Issuing Bank hereby grants to
each Lender, and each Lender hereby acquires from such Issuing Bank, a participation in such Letter of Credit equal to such Lender’s
Applicable Percentage of the aggregate amount available to be drawn under such Letter of Credit. In consideration and in furtherance
of the foregoing, each Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of such
Issuing Bank in the applicable currency, such Lender’s Applicable Percentage of each LC Disbursement made by such Issuing Bank
and not reimbursed by the Borrower on the date due as provided in paragraph (f) of this Section, or of any reimbursement payment
required to be refunded to the Borrower for any reason. Each Lender acknowledges and agrees that its obligation to acquire participations
pursuant to this paragraph in respect of Letters of Credit is absolute and unconditional and shall not be affected by any circumstance
whatsoever, including any amendment or extension of any Letter of Credit or the occurrence and continuance of a Default or reduction
or termination of the Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever.

 

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(f)        
Reimbursement. If an Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, the Borrower shall reimburse
such LC Disbursement by paying to the Administrative Agent an amount equal to such LC Disbursement in the currency of such LC Disbursement
(i) if such LC Disbursement shall have been denominated in Dollars, not later than 2:00 p.m., New York City time, on the date that
such LC Disbursement is made, if the Borrower shall have received notice of such LC Disbursement prior to 9:00 a.m., New York City time,
on such date, or, if such notice has not been received by the Borrower prior to such time on such date, then not later than 2:00 p.m.,
New York City time, on (x) the Business Day that the Borrower receives such notice, if such notice is received prior to 9:00 a.m., New
York City time, on the day of receipt or (y) the Business Day immediately following the day that the Borrower receives such notice, if
such notice is not received prior to such time on the day of receipt and (ii) if such LC Disbursement shall have been denominated in
an Alternative Currency, not later than 12:00 noon, London time, on the Business Day following the date that such LC Disbursement is
made, if the Borrower shall have received notice of such LC Disbursement prior to 4:00 p.m., London time, on the date such LC Disbursement
is made, or, if such notice has not been received by the Borrower prior to such time on such date, then not later than 12:00 noon, London
time, on (x) the Business Day following the date that the Borrower receives such notice, if such notice is received prior to 4:00 p.m.,
London time, on the day of receipt or (y) the second Business Day immediately following the day that the Borrower receives such notice,
if such notice is not received prior to such time on the day of receipt; provided that the Borrower may, subject to the conditions
to borrowing set forth herein, request in accordance with Section 2.03 or 2.04 that such payment be financed with (A) in the case of
LC Disbursements denominated in Dollars, an ABR Revolving Borrowing (of not less than $10,000,000) or a Swingline Loan (of not less than
$500,000) in an equal amount and (B) in the case of LC Disbursements denominated in an Alternative Currency, a Term Benchmark Borrowing
or an RFR Borrowing, as applicable, for an equivalent amount in such currency and, to the extent so financed, the Borrower’s obligation
to make such payment shall be discharged and replaced by the resulting ABR Revolving Borrowing or Swingline Loan, Term Benchmark Borrowing
or RFR Borrowing. If the Borrower fails to make such payment when due, the Administrative Agent shall notify each Lender of the applicable
LC Disbursement, the payment then due from the Borrower in respect thereof and such Lender’s Applicable Percentage thereof. Promptly
following receipt of such notice, each Lender shall pay to the Administrative Agent its Applicable Percentage of the payment then due
from the Borrower, in the same manner as provided in Section 2.06 with respect to Loans made by such Lender (and Section 2.06 shall apply,
mutatis mutandis, to the payment obligations of the Lenders), and the Administrative Agent shall promptly pay to the applicable
Issuing Bank the amounts so received by it from the Lenders. Promptly following receipt by the Administrative Agent of any payment from
the Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the applicable Issuing Bank or, to
the extent that Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such Lenders and such Issuing
Bank as their interests may appear. Any payment made by a Lender pursuant to this paragraph to reimburse an Issuing Bank for any LC Disbursement
(other than the funding of ABR Revolving Loans or a Swingline Loan as contemplated above) shall not constitute a Loan and shall not relieve
the Borrower of its obligation to reimburse such LC Disbursement.

 

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(g)        
Obligations Absolute. The Borrower’s obligation to reimburse LC Disbursements as provided in paragraph (f) of this
Section shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement
under any and all circumstances whatsoever and irrespective of (i) any lack of validity or enforceability of any Letter of Credit, any
Letter of Credit Agreement or this Agreement, or any term or provision therein, (ii) any draft or other document presented under a Letter
of Credit proving to be forged, fraudulent or invalid in any respect or any statement therein being untrue or inaccurate in any respect,
(iii) any payment by the applicable Issuing Bank under a Letter of Credit against presentation of a draft or other document that does
not comply with the terms of such Letter of Credit, (iv) any other event or circumstance whatsoever, whether or not similar to any of
the foregoing, that might, but for the provisions of this Section, constitute a legal or equitable discharge of, or provide a right of
setoff against, the Borrower’s obligations hereunder or (v) any adverse change in the relevant exchange rates or in the availability
of the relevant Alternative Currency to the Company or any Subsidiary or in the relevant currency markets generally. Neither the Administrative
Agent, the Lenders nor any Issuing Bank, nor any of their respective Related Parties, shall have any liability or responsibility by reason
of or in connection with the issuance or transfer of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective
of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or delay in transmission
or delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document required to
make a drawing thereunder), any error in interpretation of technical terms or any consequence arising from causes beyond the control
of the applicable Issuing Bank; provided that the foregoing shall not be construed to excuse such Issuing Bank from liability
to the Borrower to the extent of any direct damages (as opposed to consequential damages, claims in respect of which are hereby waived
by the Borrower to the extent permitted by applicable law) suffered by the Borrower that are caused by such Issuing Bank’s failure
to exercise care when determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof.
The parties hereto expressly agree that, in the absence of gross negligence or willful misconduct on the part of an Issuing Bank (as
finally determined by a court of competent jurisdiction), such Issuing Bank shall be deemed to have exercised care in each such determination.
In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented
which appear on their face to be in substantial compliance with the terms of a Letter of Credit, the applicable Issuing Bank may, in
its sole discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless
of any notice or information to the contrary, or refuse to accept and make payment upon such documents if such documents are not in strict
compliance with the terms of such Letter of Credit.

 

(h)        
Disbursement Procedures. The applicable Issuing Bank shall, within the time period stipulated by the terms and conditions of the
applicable Letter of Credit following its receipt thereof (and, if no time period is so stipulated, promptly), examine all documents
purporting to represent a demand for payment under a Letter of Credit. After such examination, the applicable Issuing Bank shall promptly
notify the Administrative Agent and the Borrower by telephone (confirmed by facsimile or email) of such demand for payment and whether
such Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in giving such
notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank and the Lenders with respect to any such LC Disbursement
in accordance with Section 2.05(f).

 

    45 

     

    

 

(i)        
Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement
in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the
date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, (i) if such amount is
denominated in Dollars, at the rate per annum then applicable to ABR Revolving Loans, (ii) if such amount is denominated in an Alternative
Currency, at the rate per annum equal to the sum of the Applicable Rate with respect to Term Benchmark Loans plus the rate per annum
at which one-day deposits in relevant currency in an amount approximately equal to such unpaid amount are offered by the principal London
office of the Administrative Agent in the London interbank market for such day; provided that, if the Borrower fails to reimburse
such LC Disbursement when due pursuant to paragraph (f) of this Section, then 2% per annum shall be added to the applicable rate
specified above. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest
accrued on and after the date of payment by any Lender pursuant to paragraph (f) of this Section to reimburse such Issuing Bank
shall be for the account of such Lender to the extent of such payment.

 

(j)        
Replacement and Resignation of an Issuing Bank.

 

(A)           
Any Issuing Bank may be replaced at any time by written agreement among the Borrower, the Administrative Agent and the successor
Issuing Bank. The Administrative Agent shall notify the Lenders of any such replacement of an Issuing Bank. At the time any such replacement
shall become effective, the Borrower shall pay all unpaid fees accrued for the account of the replaced Issuing Bank pursuant to Section
2.11(b). From and after the effective date of any such replacement, (i) the successor Issuing Bank shall have all the rights and
obligations of an Issuing Bank under this Agreement with respect to Letters of Credit to be issued thereafter and (ii) references herein
to the term “Issuing Bank” shall be deemed to refer to such successor or to any previous Issuing Bank, or to such successor
and all previous Issuing Banks, as the context shall require. After the replacement of an Issuing Bank hereunder, the replaced Issuing
Bank shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing Bank under this Agreement with
respect to Letters of Credit issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit.

 

(B)           
Subject to the appointment and acceptance of a successor Issuing Bank, any Issuing Bank may resign as an Issuing Bank at any time
upon thirty days’ prior written notice to the Administrative Agent, the Company and the Lenders, in which case, such resigning
Issuing Bank shall be replaced in accordance with Section 2.05(j)(A) above.

 

    46 

     

    

 

(k)        
Cash Collateralization. If any Event of Default shall occur and be continuing (but, except in the case of an Event of Default
under clause (b), (c), (g) or (h) of Article 8, only if the maturity of any then outstanding Loans shall have been accelerated and the
Commitments terminated pursuant to Article 8), on the Business Day that the Company receives notice from the Administrative Agent given
upon request of the Required Lenders (or, if the maturity of the Loans has been accelerated, Lenders with LC Exposure representing greater
than 50% of the total LC Exposure) demanding the deposit of cash collateral pursuant to this paragraph, the Company shall deposit in
an account with the Administrative Agent, in the name of the Administrative Agent and for the benefit of the Lenders, an amount in cash
in each relevant currency equal to the LC Exposure in such currency as of such date plus any accrued and unpaid interest thereon; provided
that the obligation to deposit such cash collateral will become effective immediately, and such deposit will become immediately due
and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to any Borrower described
in clause (g) or (h) of Article 8. Such deposit shall be held by the Administrative Agent as collateral for the payment and performance
of the obligations of the Borrower under this Agreement. The Company hereby grants a lien and security interest in, and sole and exclusive
dominion and control, including the exclusive right of withdrawal, over such account to the Administrative Agent. Other than any interest
earned on the investment of such deposits, which investments shall be made at the option and sole discretion of the Administrative Agent
and at the Borrowers’ risk and expense, such deposits shall not bear interest. Interest or profits, if any, on such investments
shall accumulate in such account. Moneys in such account shall be applied by the Administrative Agent to reimburse the Issuing Banks
for LC Disbursements for which it has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the
reimbursement obligations of the Borrowers for the LC Exposure at such time or, if the maturity of the Loans has been accelerated (but
subject to the consent of Lenders with LC Exposure representing greater than 50% of the total LC Exposure), be applied to satisfy other
obligations of the Borrowers under this Agreement. If the Company is required to provide an amount of cash collateral hereunder as a
result of the occurrence of an Event of Default, such amount (to the extent not applied as aforesaid) shall be returned to the Company
within three Business Days after all Events of Default have been cured or waived free and clear of all Liens created hereunder.

 

(l)          
LC Exposure Determination. Unless otherwise specified
herein, the amount of a Letter of Credit at any time shall be deemed to be the amount of such Letter of Credit available to be drawn
at such time; provided that with respect to any Letter of Credit that, by its terms or the terms of any Letter of Credit Agreement
related thereto, provides for one or more automatic increases in the available amount thereof, the amount of such Letter of Credit shall
be deemed to be the maximum amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum amount
is available to be drawn at such time.

 

Section 2.06.     
Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed
date thereof solely by wire transfer:

 

(i)           
if such Borrowing is to be made in Dollars, not later than 12:00 noon (New York City time), in funds immediately available in
New York City, to the account of the Administrative Agent most recently designated for such purpose by notice to the Lenders; provided
that Swingline Loans shall be made as provided in Section 2.04; or

 

(ii)           
if such Borrowing is to be made in an Alternative Currency, not later than 12:00 noon (New York City time), in such Alternative
Currency (in such funds as may then be customary for the settlement of international transactions in such Alternative Currency) to the
account of the Administrative Agent as shall have most recently been designated by the Administrative Agent for such purpose by notice
to the Lenders; provided that Swingline Loans shall be made as provided in Section 2.04.

 

    47 

     

    

 

Except in respect of the provisions of this Agreement
covering the reimbursement of Letters of Credit, the Administrative Agent will make such Loans available to the Borrower by promptly
crediting the amounts so received, in like funds, to an account of the Borrower designated by the Borrower in the applicable Borrowing
Request; provided that Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(f) shall be remitted
by the Administrative Agent to the applicable Issuing Bank.

 

Each Lender may, at its option, make any Loan
available to any Borrower not organized in the United States by causing any foreign or domestic branch or Affiliate of such Lender to
make such Loan; provided that any exercise of such option shall not affect the obligation of such Borrower to repay such Loan
in accordance with the terms of this Agreement.

 

(b)        
Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing that such
Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may
assume that such Lender has made such share available on such date in accordance with paragraph (a) of this Section and may, in
reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made
its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender and the Borrower severally agree
to pay to the Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each day from and including
the date such amount is made available to the Borrower to but excluding the date of payment to the Administrative Agent, (i) in the case
of such Lender, the greater of the applicable Overnight Rate and a rate determined by the Administrative Agent in accordance with banking
industry rules on interbank compensation or (ii) in the case of such Borrower, the interest rate applicable under this Agreement to such
Loans, or in the case of Alternative Currencies, in accordance with such market practice, in each case, as applicable. If such Lender
pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included in such Borrowing.

 

Section 2.07.     
Interest Elections. (a) Each Borrowing initially shall be of the Type and Agreed Currency specified
in the applicable Borrowing Request and, in the case of a Term Benchmark Borrowing, shall have an initial Interest Period as specified
in such Borrowing Request. Thereafter, the applicable Borrower may elect to convert any such Borrowing to a different Type or to continue
any such Borrowing and, in the case of a Term Benchmark Borrowing, may elect Interest Periods therefor, all as provided in this Section.
The applicable Borrower may elect different options with respect to different portions of any affected Revolving Borrowing, in which
case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising
each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Borrowings, which may not be converted
or continued.

 

(b)        
To make an election pursuant to Section 2.07(a), the applicable Borrower shall notify the Administrative Agent of such election
by irrevocable written notice (via a written Interest Election Request) by the time that a Borrowing Request would be required under
Section 2.03 if such Borrower were requesting a Dollar-Denominated Loan of the Type resulting from such election to be made on the effective
date of such election. Notwithstanding any contrary provision herein, this Section shall not be construed to permit the Borrower
to (i) change the currency of any Borrowing, (ii) elect an Interest Period for Term Benchmark Loans that does not comply with
Section 2.02(d) or (iii) convert any Borrowing to a Borrowing of a Type not available under the Class of Commitments pursuant to
which such Borrowing was made.

 

    48 

     

    

 

(c)        
Each Interest Election Request shall specify the following information:

 

(i)           
the Borrowing to which such Interest Election Request applies and, if different options are being elected with respect to different
portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant
to paragraphs (iii) and (iv) below shall be specified for each resulting Borrowing);

 

(ii)           
the effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day;

 

(iii)           
whether the resulting Borrowing is to be an ABR Borrowing, a Term Benchmark Borrowing or an RFR Borrowing; and

 

(iv)           
if the resulting Borrowing is a Term Benchmark Borrowing, the Interest Period to be applicable thereto after giving effect to
such election, which shall be a period contemplated by the definition of the term “Interest Period”.

 

If any such Interest Election Request requests a Term Benchmark Borrowing
but does not specify an Interest Period, then the applicable Borrower shall be deemed to have selected an Interest Period of one month’s
duration.

 

(d)        
Promptly following receipt of an Interest Election Request, the Administrative Agent shall advise each Lender of the details thereof
and of such Lender’s portion of each resulting Borrowing.

 

(e)        
If the applicable Borrower fails to deliver a timely Interest Election Request with respect to a Term Benchmark Borrowing denominated
in Dollars prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the
end of such Interest Period such Borrowing shall be continued as a Term Benchmark Borrowing in Dollars with an Interest Period of one
month’s duration. If the relevant Borrower fails to deliver a timely and complete Interest Election Request with respect to a Term
Benchmark Borrowing denominated in an Alternative Currency prior to the end of the Interest Period therefor, then, unless such Term Benchmark
Borrowing is repaid as provided herein, such Borrower shall be deemed to have selected that such Term Benchmark Borrowing shall automatically
be continued as a Term Benchmark Borrowing in its original Agreed Currency with an Interest Period of one month at the end of such Interest
Period. If the relevant Borrower fails to deliver a timely and complete Interest Election Request with respect to an RFR Borrowing in
an Alternative Currency prior to the Interest Payment Date therefor, then, unless such RFR Borrowing is repaid as provided herein, such
Borrower shall be deemed to have selected that such RFR Borrowing shall automatically be continued as an RFR Borrowing in its original
Agreed Currency bearing interest at a rate based upon the applicable Daily Simple RFR as of such Interest Payment Date. Notwithstanding
any contrary provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent, at the request of
the Required Lenders, so notifies the applicable Borrower, then, so long as an Event of Default is continuing (i) no outstanding Borrowing
may be converted to or continued as a Term Benchmark Borrowing and (ii) unless repaid, (x) each Term Benchmark Borrowing and each RFR
Borrowing, in each case denominated in Dollars, shall be converted to an ABR Borrowing (in the case of a Term Benchmark Borrowing) at
the end of the Interest Period applicable thereto or (in the case of a RFR Borrowing) on the next Interest Payment Date in respect thereof
and (y) each Term Benchmark Borrowing or RFR Borrowing denominated in an Alternative Currency shall bear interest at the Central Bank
Rate for the applicable Agreed Currency plus the CBR Spread; provided that, if the Administrative Agent reasonably and in good
faith determines (which determination shall be conclusive and binding absent demonstrable error) that the Central Bank Rate for the applicable
Agreed Currency cannot be determined, any outstanding affected Term Benchmark Loans or RFR Loans denominated in any Alternative Currency
shall either be (A) converted to an ABR Borrowing denominated in Dollars (in an amount equal to the Dollar Amount of such Alternative
Currency) at the end of the Interest Period or on the Interest Payment Date, as applicable, therefor or (B) prepaid at the end of the
applicable Interest Period or on the Interest Payment Date, as applicable, in full; provided that if no election is made by the relevant
Borrower by the earlier of (x) the date that is three (3) Business Days after receipt by the Company of such notice and (y) the last
day of the current Interest Period for the applicable Term Benchmark Loan, such Borrower shall be deemed to have elected clause (A) above.

 

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Section 2.08.     
Termination and Reduction of Commitments. (a) Unless previously terminated, the Commitments shall
terminate on the Maturity Date.

 

(b)        
The Company may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of
the Commitments shall be in an amount that is an integral multiple of $1,000,000 and not less than $10,000,000 and (ii) the Company shall
not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section
2.10, (A) any Lender’s Revolving Credit Exposure would exceed its Commitment or (B) the Total Revolving Credit Exposure of all
Lenders would exceed the total Commitments.

 

(c)        
Notwithstanding the foregoing, upon the acquisition of one Lender by another Lender, or the merger, consolidation or other combination
of any two or more Lenders (any such acquisition, merger, consolidation or other combination being referred to hereinafter as a “Combination”
and each Lender which is a party to such Combination being hereinafter referred to as a “Combined Lender”), the Company
may notify the Administrative Agent that it desires to reduce the Commitment of the Lender surviving such Combination (the “Surviving
Lender”) to an amount equal to the Commitment of that Combined Lender which had the largest Commitment of each of the Combined
Lenders party to such Combination (such largest Commitment being the “Surviving Commitment” and the Commitments of
the other Combined Lenders being hereinafter referred to, collectively, as the “Retired Commitments”). If the Required
Lenders (determined as set forth below) and the Administrative Agent agree to such reduction in the Surviving Lender’s Commitment,
then (i) the aggregate amount of the Commitments shall be reduced by the Retired Commitments effective upon the effective date of the
Combination (or such later date as the Company may specify in its request), provided, that, on or before such date the Borrowers have
paid in full the outstanding principal amount of the Loans and funded participations in Letters of Credit and Swingline Loans, accrued
interest thereon, accrued fees and all other amounts payable to it hereunder of each of the Combined Lenders other than the Combined
Lender whose Commitment is the Surviving Commitment, (ii) from and after the effective date of such reduction, the Surviving Lender shall
have no obligation with respect to the Retired Commitments, and (iii) the Company shall notify the Administrative Agent whether it wants
such reduction to be a permanent reduction or a temporary reduction. If such reduction is to be a temporary reduction, then the Company
shall be responsible for finding one or more financial institutions (which for the avoidance of doubt may be an existing Lender) (each,
a “Replacement Lender”), acceptable to the Administrative Agent (such acceptance not to be unreasonably withheld,
conditioned or delayed), willing to assume the obligations of a Lender hereunder with aggregate Commitments up to the amount of the Retired
Commitments. The Administrative Agent may require the Replacement Lenders to execute such documents, instruments or agreements as the
Administrative Agent reasonably deems necessary or desirable to evidence such Replacement Lenders’ agreement to become parties
hereunder. For purposes of this Section 2.08(c), Required Lenders shall be determined as if the reduction in the aggregate amount of
the Commitments requested by the Company had occurred (i.e., the Combined Lenders shall be deemed to have a single Commitment equal to
the Surviving Commitment and the aggregate amount of the Commitments shall be deemed to have been reduced by the Retired Commitments).

 

    50 

     

    

 

(d)        
The Company shall notify the Administrative Agent of any election to terminate or reduce the Commitments under paragraph (b)
of this Section at least three (3) Business Days prior to the effective date of such termination or reduction, specifying such election
and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders of the contents
thereof. Each notice delivered by the Company pursuant to this Section shall be irrevocable; provided that a notice of termination
or reduction of the Commitments delivered by the Company may state that such notice is conditioned upon the effectiveness of other credit
facilities or other matters specified therein, in which case such notice may be revoked by the Company (by notice to the Administrative
Agent on or prior to the specified effective date) if such condition is not satisfied. Any termination or reduction of the Commitments
shall be permanent. Each reduction of the Commitments under this Section 2.08 shall be made ratably among the Lenders in accordance with
their respective Commitments.

 

Section 2.09.     
Repayment of Loans; Evidence of Debt. 

 

(a)        
 The Borrower hereby unconditionally promises to pay (i) to the Administrative Agent for the account of each Lender the then unpaid
principal amount of each Revolving Loan on the Maturity Date, and (ii) to the Administrative Agent for the account of the relevant Swingline
Lender the then unpaid principal amount of each Swingline Loan made by such Swingline Lender on the earlier of the Maturity Date and
the date which is 15 Business Days after such Swingline Loan is made.

 

(b)        
Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrowers
to such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such
Lender from time to time hereunder.

 

(c)        
The Administrative Agent shall maintain accounts in which it shall record (i) the currency and amount of each Loan made hereunder,
the Class and Type thereof and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable
or to become due and payable from the applicable Borrower to each Lender hereunder and (iii) the amount of any sum received by the
Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof.

 

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(d)        
The entries made in the accounts maintained pursuant to paragraph (b) or (c) of this Section shall be prima facie
evidence of the existence and amounts of the obligations recorded therein; provided that the failure of any Lender or the
Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligation of the Borrowers to
repay the Loans in accordance with the terms of this Agreement.

 

(e)        
Any Lender may request that Loans made by it to any Borrower be evidenced by a promissory note. In such event, such Borrower shall
prepare, execute and deliver to such Lender a promissory note payable to such Lender and its registered assigns and in a form approved
by the Administrative Agent and the Borrower. Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all
times (including after assignment pursuant to Section 12.04) be represented by one or more promissory notes in such form payable to the
payee named therein and its registered assigns.

 

Section 2.10.     
Prepayment of Loans. (a) Each Borrower shall have the right at any time and from time to time
to prepay any Borrowing in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section.

 

(b)        
The applicable Borrower shall notify the Administrative Agent (and, in the case of prepayment of a Swingline Loan, the applicable
Swingline Lender) by written notice of any prepayment hereunder (i) in the case of prepayment of a Term Benchmark Borrowing denominated
in Dollars or Euro, not later than 11:00 a.m., New York City time, three Business Days before the date of prepayment, (ii) in the case
of prepayment of an RFR Borrowing, not later than 11:00 a.m., New York City time, five RFR Business Days before the date of prepayment,
(iii) in the case of prepayment of an ABR Revolving Borrowing, not later than 11:00 a.m., New York City time, one Business Day before
the date of prepayment or (iv) in the case of prepayment of a Swingline Loan, not later than 12:00 noon, New York City time (London
time if such Swingline Loan is denominated in Alternative Currencies or made to a Borrower other than the Company), on the date of prepayment.
Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Borrowing or portion thereof
to be prepaid; provided that, (A) if a notice of prepayment is given in connection with a conditional notice of termination of
the Commitments as contemplated by Section 2.08, then such notice of prepayment may be revoked if such notice of termination is revoked
in accordance with Section 2.08 and (B) a notice of prepayment by any Borrower may state that such notice is conditioned upon the effectiveness
of other credit facilities or other matters specified therein, in which case such notice may be revoked by the applicable Borrower (by
notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Promptly following
receipt of any such notice relating to a Revolving Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof.
Each partial prepayment of any Revolving Borrowing shall be in an amount that would be permitted in the case of an advance of a Revolving
Borrowing of the same Type as provided in Section 2.02. Each prepayment under this Section 2.10 shall be applied ratably to the Loans
included in the prepaid Borrowing. Prepayments shall be accompanied by (i) accrued interest to the extent required by Section 2.12 and
(ii) break funding payments required by Section 2.15.

 

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Section 2.11.     
Fees. (a) Subject to Section 2.23, the Company agrees to pay to the Administrative Agent for
the account of each Lender a commitment fee in Dollars, which shall accrue at the Applicable Rate on the daily unused amount of the Commitment
of such Lender (other than a Defaulting Lender and disregarding, solely for purposes of computation of such fee, outstanding Swingline
Loans) during the period from and including the Effective Date to but excluding the date on which such Commitment terminates. Accrued
commitment fees shall be payable in arrears on the twentieth (20th) day following the last day of March, June, September and December
of each year and on the date on which the Commitments terminate, commencing on the first such date to occur after the date hereof. If
the date on which accrued commitment fees are payable is not a Business Day, the date for payment of such fees shall be extended to the
next succeeding Business Day. All commitment fees shall be computed on the basis of a year of 360 days and shall be payable for the actual
number of days elapsed (including the first day but excluding the last day).

 

(b)        
Subject to Section 2.23, the Borrower agrees to pay (i) to the Administrative Agent for the account of each Lender a participation
fee with respect to its participation in each Letter of Credit in the currency of such Letter of Credit, which shall accrue during each
Calendar Quarter (or shorter period commencing on the Effective Date and ending on the last day of the Calendar Quarter in which the
Effective Date occurs) at a rate per annum equal to the Term Benchmark Margin (determined for this purpose on the first Business Day
of such Calendar Quarter or shorter period) (or, in the case of performance standby Letters of Credit, with respect to nonfinancial contractual
obligations only, at a rate per annum equal to 50% of the Applicable Rate) on such Lender’s daily LC Exposure (excluding any portion
thereof attributable to unreimbursed LC Disbursements) during the period from and including the Effective Date to but excluding the later
of the date on which such Lender’s Commitment terminates and the date on which such Lender ceases to have any LC Exposure and (ii)
to each Issuing Bank a fronting fee in the currency of the applicable Letter of Credit, which shall accrue at the rate of 0.125% per
annum on the average daily LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period
from and including the Effective Date to but excluding the later of the date of termination of the Commitments and the date on which
there ceases to be any LC Exposure, as well as the applicable Issuing Bank’s standard fees with respect to the issuance, amendment
or extension of any Letter of Credit or processing of drawings thereunder. Participation fees and fronting fees accrued through and including
the last day of March, June, September and December of each year shall be payable on the third Business Day following such last day,
commencing on the first such date to occur after the Effective Date; provided that all such fees shall be payable on the date
on which the Commitments terminate and any such fees accruing after the date on which the Commitments terminate shall be payable on demand.
Any other fees payable to an Issuing Bank pursuant to this paragraph shall be payable within 10 days after demand. All participation
fees and fronting fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed
(including the first day but excluding the last day), except that fees payable in Pound Sterling shall be computed on the basis of a
year of 365 days (or 366 days in a leap year).

 

    53 

     

    

 

(c)        
 All fees payable hereunder shall be paid on the dates due, in immediately available funds, to the Administrative Agent (or to
the applicable Issuing Bank, in the case of fees payable to it) for distribution, in the case of commitment fees and participation fees,
to the Lenders entitled thereto. Fees paid in accordance with this Section 2.11 shall not be refundable under any circumstances.

 

Section 2.12.     
Interest. (a) The Loans comprising each ABR Borrowing shall bear interest at the Alternate
Base Rate plus the Applicable Rate.

 

(b)        
The Loans comprising each Term Benchmark Borrowing shall bear interest at the Adjusted Term SOFR Rate or the Adjusted EURIBO Rate,
as applicable, for the Interest Period in effect for such Borrowing plus the Applicable Rate.

 

(c)        
Each RFR Loan shall bear interest at a rate per annum equal to the Adjusted Daily Simple RFR plus the Applicable Rate.

 

(d)        
The Loans comprising each Swingline Borrowing shall bear interest, at the election of the applicable Borrower, at (w) solely in
the case of Swingline Loans denominated in Dollars, the Alternate Base Rate plus the Applicable Rate, (x) solely in the case of
Swingline Loans denominated in Euro, Daily Simple ESTR plus the Applicable Rate for RFR Loans (y) solely in the case of Swingline
Loans denominated in Pound Sterling, Daily Simple SONIA plus the Applicable Rate for RFR Loans, or (z) prior to any funding by
the Lenders of their participations therein pursuant to Section 2.04(c), at such other rate as shall from time to time be agreed between
the applicable Swingline Lender and the applicable Borrower.

 

(e)        
Notwithstanding the foregoing, if any principal of or interest on any Loan or any fee or other amount payable by any Borrower
hereunder is not paid when due, whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear interest,
after as well as before judgment, at a rate per annum equal to (i) in the case of overdue principal of or interest on any Loan, 2% plus
the rate otherwise applicable to such Loan as provided in the preceding paragraphs of this Section or (ii) in the case of any other amount,
2% plus the rate applicable to ABR Loans as provided in paragraph (a) of this Section.

 

(f)         
Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date for such Loan, on the Maturity Date for
such Loan and, in the case of Revolving Loans, upon termination of the Commitments; provided that (i) interest accrued pursuant
to paragraph (e) of this Section shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other
than a prepayment of an ABR Revolving Loan prior to the end of the Availability Period), accrued interest on the principal amount repaid
or prepaid shall be payable on the date of such repayment or prepayment and (iii) in the event of any conversion of any Term Benchmark
Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of
such conversion.

 

(g)        
All interest hereunder shall be computed on the basis of a year of 360 days, except that interest computed by reference to the
Daily Simple RFR with respect to Pound Sterling or the Alternate Base Rate at times when the Alternate Base Rate is based on the Prime
Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year). In each case interest shall be payable for the
actual number of days elapsed (including the first day but excluding the last day). All interest hereunder on any Loan shall be computed
on a daily basis based upon the outstanding principal amount of such Loan as of the applicable date of determination. The applicable
Alternate Base Rate, Adjusted Term SOFR Rate, Term SOFR Rate, Adjusted EURIBO Rate, EURIBO Rate, Adjusted Daily Simple RFR or Daily Simple
RFR shall be determined by the Administrative Agent, and such determination shall be conclusive absent demonstrable error.

 

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Section 2.13.     
Alternate Rate of Interest.

 

(a)        
Subject to clauses (b), (c), (d), (e) and (f) of this Section 2.13:

 

(i)           
if the Administrative Agent determines (which determination shall be conclusive and binding absent demonstrable error) (A) prior
to the commencement of any Interest Period for a Term Benchmark Borrowing, that adequate and reasonable means do not exist for ascertaining
the Adjusted Term SOFR Rate, the Term SOFR Rate, the Adjusted EURIBO Rate or the EURIBO Rate (including because the Relevant Screen Rate
is not available or published on a current basis) for the applicable currency and such Interest Period or (B) at any time, that adequate
and reasonable means do not exist for ascertaining the applicable Adjusted Daily Simple RFR, Daily Simple RFR or RFR for the applicable
Agreed Currency; or

 

(ii)           
if the Administrative Agent is advised by the Required Lenders that (A) prior to the commencement of any Interest Period for a
Term Benchmark Borrowing, the Adjusted Term SOFR Rate or the Adjusted EURIBO Rate for the applicable Agreed Currency and such Interest
Period will not adequately and fairly reflect the cost to such Lenders of making or maintaining their Loans included in such Borrowing
for the applicable Agreed Currency and for such Interest Period or (B) at any time, the applicable Adjusted Daily Simple RFR for the
applicable Agreed Currency will not adequately and fairly reflect the cost to such Lenders of making or maintaining their Loans included
in such Borrowing for the applicable Agreed Currency;

 

    55 

     

    

 

then the Administrative Agent shall give notice
(in reasonable detail) thereof to the applicable Borrower and the Lenders of the applicable Class prior to the commencement of such Interest
Period by telephone, facsimile or e-mail in accordance with Section 9.01 as promptly as practicable thereafter and, until (x) the Administrative
Agent notifies the applicable Borrower and the Lenders of the applicable Class that the circumstances giving rise to such notice no longer
exist (which notice the Administrative Agent hereby agrees to provide promptly after its determination of such circumstances ceasing
to exist) with respect to the relevant Benchmark and (y) the applicable Borrower delivers a new Interest Election Request in accordance
with the terms of Section 2.07 or a new Borrowing Request in accordance with the terms of Section 2.03, (A) for Loans denominated in
Dollars, any Interest Election Request that requests the conversion of any Borrowing to, or continuation of any Borrowing as, a Term
Benchmark Borrowing and any Borrowing Request that requests a Term Benchmark Borrowing shall instead be deemed to be an Interest Election
Request or a Borrowing Request, as applicable, for (x) an RFR Borrowing denominated in Dollars so long as the Adjusted Daily Simple RFR
for Dollar-denominated Borrowings is not also the subject of Section 2.13(a)(i) or (ii) above or (y) an ABR Borrowing if the
Adjusted Daily Simple RFR for Dollar-denominated Borrowings also is the subject of Section 2.13(a)(i) or (ii) above and (B) for
Loans denominated in an Alternative Currency, any Interest Election Request that requests the conversion of any Borrowing to, or continuation
of any Borrowing as, a Term Benchmark Borrowing and any Borrowing Request that requests a Term Benchmark Borrowing or an RFR Borrowing,
in each case, for the relevant Benchmark, shall be ineffective; provided that if the circumstances giving rise to such notice affect
only one Type of Borrowing, then all other Types of Borrowings shall be permitted. Furthermore, if any Term Benchmark Loan or RFR Loan
in any Agreed Currency is outstanding on the date of the applicable Borrower’s receipt of the notice from the Administrative Agent
referred to in this Section 2.13(a) with respect to a Relevant Rate applicable to such Term Benchmark Loan or RFR Loan, then until
(x) the Administrative Agent notifies the Company and the Lenders that the circumstances giving rise to such notice no longer exist (which
notice shall be given by the Global Administrative Agent promptly after such circumstances cease to exist) with respect to the relevant
Benchmark and (y) the Borrower delivers a new Interest Election Request in accordance with the terms of Section 2.07 or a new Borrowing
Request in accordance with the terms of Section 2.03, (A) for Loans denominated in Dollars, any Term Benchmark Loan shall on the
last day of the Interest Period applicable to such Loan (or the next succeeding Business Day if such day is not a Business Day), be converted
by the Administrative Agent to, and shall constitute, (x) an RFR Borrowing denominated in Dollars so long as the Adjusted Daily Simple
RFR for Dollar-denominated Borrowings is not also the subject of Section 2.13(a)(i) or (ii) above or (y) an ABR Loan if the Adjusted
Daily Simple RFR for Dollar-denominated Borrowings also is the subject of Section 2.13(a)(i) or (ii) above, on such day and (B)
for Loans denominated in an Alternative Currency, (1) any Term Benchmark Loan shall, on the last day of the Interest Period applicable
to such Loan (or the next succeeding Business Day if such day is not a Business Day) bear interest at the Central Bank Rate for the applicable
Alternative Currency plus the CBR Spread; provided that, if the Administrative Agent determines reasonably and in good faith (which
determination shall be conclusive and binding absent demonstrable error) that the Central Bank Rate for the applicable Alternative Currency
cannot be determined, any outstanding affected Term Benchmark Loans denominated in such Alternative Currency shall, at the applicable
Borrower’s election prior to such day: (A) be prepaid by such Borrower on such day or (B) solely for the purpose of calculating
the interest rate applicable to such Term Benchmark Loan, such Term Benchmark Loan denominated in such Alternative Currency shall be
deemed to be a Term Benchmark Loan denominated in Dollars and shall accrue interest at the same interest rate applicable to Term Benchmark
Loans denominated in Dollars at such time and (2) any RFR Loan shall bear interest at the Central Bank Rate for the applicable Alternative
Currency plus the CBR Spread; provided that, if the Administrative Agent determines reasonably and in good faith (which determination
shall be conclusive and binding absent demonstrable error) that the Central Bank Rate for the applicable Alternative Currency cannot
be determined, any outstanding affected RFR Loans denominated in any Alternative Currency, at such Borrower’s election, shall either
(A) be converted into ABR Loans denominated in Dollars (in an amount equal to the Dollar Amount of such Alternative Currency) immediately
or (B) be prepaid in full immediately.

 

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(b)        
Notwithstanding anything to the contrary herein or in any other Loan Document, if a Benchmark Transition Event and its related
Benchmark Replacement Date have occurred prior to the Reference Time in respect of any setting of the then-current Benchmark, then
(x) if a Benchmark Replacement is determined in accordance with clause (1) of the definition of “Benchmark Replacement”
with respect to Dollars 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 (2) of the definition of “Benchmark Replacement” with respect to any Agreed Currency for such
Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document
in respect of any Benchmark setting at or after 5:00 p.m., New York City time, on the fifth (5th) Business Day after
the date notice of such Benchmark Replacement is provided to the Lenders and the Borrower without any amendment to, or further action
or consent of any other party to, this Agreement or any other Loan Document so long as the Administrative Agent has not received, by
such time, written notice of objection to such Benchmark Replacement from Lenders comprising the Required Lenders.

 

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

 

(d)        
The Administrative Agent will promptly notify the Company and the Lenders of (i) any occurrence of a Benchmark Transition Event,
(ii) the implementation of any Benchmark Replacement, (iii) the effectiveness of any Benchmark Replacement Conforming Changes, (iv) the
removal or reinstatement of any tenor of a Benchmark pursuant to clause (e) below and (v) the commencement or conclusion of any
Benchmark Unavailability Period. Except as expressly provided in this Agreement, 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 2.13, including any
determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date
and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent demonstrable error
and may be made in its or their sole reasonable good faith 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 2.13.

 

(e)        
Notwithstanding anything to the contrary herein or in any other Loan Document, at any time (including in connection with the implementation
of a Benchmark Replacement), (i) if the then-current Benchmark is a term rate (including the Term SOFR Rate or the EURIBO Rate) and
either (A) any tenor for such Benchmark is not displayed on a screen or other information service commonly used in the banking industry
for such purpose that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion and
consistent with such selection generally under other substantially similar syndicated credit facilities for which it acts as administrative
agent or (B) the regulatory supervisor for the administrator of such Benchmark has provided a public statement or publication of information
announcing that any tenor for such Benchmark is or will be no longer representative, then the Administrative Agent may modify the definition
of “Interest Period” for any Benchmark settings at or after such time to remove such unavailable or non-representative
tenor and (ii) if a tenor that was removed pursuant to clause (i) above either (A) is subsequently displayed on a screen or information
service for a Benchmark (including a Benchmark Replacement) or (B) is not, or is no longer, subject to an announcement that it is or
will no longer be representative for a Benchmark (including a Benchmark Replacement), then the Administrative Agent may modify the definition
of “Interest Period” for all Benchmark settings at or after such time to reinstate such previously removed tenor.

 

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(f)         
Upon the Company’s receipt of notice of the commencement of a Benchmark Unavailability Period, and until a Benchmark Replacement
is determined in accordance with this Section 2.13, the applicable Borrower may revoke any request for a Term Benchmark Borrowing or
RFR Borrowing of, conversion to or continuation of Term Benchmark Loans to be made, converted or continued during any Benchmark Unavailability
Period and, failing that, either (x) such Borrower will be deemed to have converted any request for a Term Benchmark Borrowing denominated
in Dollars into a request for a Borrowing of or conversion to (A) an RFR Borrowing denominated in Dollars so long as the Adjusted Daily
Simple RFR for Dollar-denominated Borrowings is not the subject of a Benchmark Transition Event or (B) an ABR Borrowing if the Adjusted
Daily Simple RFR for Dollar-denominated Borrowings is the subject of a Benchmark Transition Event or (y) any request for a Term Benchmark
Borrowing or RFR Borrowing denominated in an Alternative Currency shall be ineffective. During any Benchmark Unavailability Period or
at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component of ABR based upon the then-current
Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of ABR. Furthermore, if any Term Benchmark
Loan or RFR Loan in any Agreed Currency is outstanding on the date of the Company’s receipt of notice of the commencement of a
Benchmark Unavailability Period with respect to a Relevant Rate applicable to such Term Benchmark Loan or RFR Loan, then until such time
as a Benchmark Replacement for such Agreed Currency is implemented pursuant to this ‎Section 2.13, (A) for Loans denominated
in Dollars any Term Benchmark Loan shall on the last day of the Interest Period applicable to such Loan (or the next succeeding Business
Day if such day is not a Business Day), be converted by the Administrative Agent to, and shall constitute, (x) an RFR Borrowing denominated
in Dollars so long as the Adjusted Daily Simple RFR for Dollar-denominated Borrowings is not the subject of a Benchmark Transition Event
or (y) an ABR Loan if the Adjusted Daily Simple RFR for Dollar-denominated Borrowings is the subject of a Benchmark Transition Event,
on such day and (B) for Loans denominated in an Alternative Currency, (1) any Term Benchmark Loan shall, on the last day of the
Interest Period applicable to such Loan (or the next succeeding Business Day if such day is not a Business Day) bear interest at the
Central Bank Rate for the applicable Alternative Currency plus the CBR Spread; provided that, if the Administrative Agent determines
reasonably and in good faith (which determination shall be conclusive and binding absent demonstrable error) that the Central Bank Rate
for the applicable Alternative Currency cannot be determined, any outstanding affected Term Benchmark Loans denominated in any Alternative
Currency shall, at the applicable Borrower’s election prior to such day: (A) be prepaid by the Borrower on such day or (B) solely
for the purpose of calculating the interest rate applicable to such Term Benchmark Loan, such Term Benchmark Loan denominated in any
Alternative Currency shall be deemed to be a Term Benchmark Loan denominated in Dollars and shall accrue interest at the same interest
rate applicable to Term Benchmark Loans denominated in Dollars at such time and (2) any RFR Loan shall bear interest at the Central Bank
Rate for the applicable Alternative Currency plus the CBR Spread; provided that, if the Administrative Agent determines reasonably
and in good faith (which determination shall be conclusive and binding absent demonstrable error) that the Central Bank Rate for the
applicable Alternative Currency cannot be determined, any outstanding affected RFR Loans denominated in any Alternative Currency, at
such Borrower’s election, shall either (A) be converted into ABR Loans denominated in Dollars (in an amount equal to the Dollar
Amount of such Alternative Currency) immediately or (B) be prepaid in full immediately.

 

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Section 2.14.     
Increased Costs. (a) If any Change in Law shall

 

(i)           
impose, modify or deem applicable any reserve, special deposit, liquidity or similar requirement against assets of, deposits with
or for the account of, or credit extended by, any Lender or its Applicable Lending Office (except any such reserve requirement reflected
in the Adjusted EURIBO Rate) or any Issuing Bank; or

 

(ii)           
impose on any Lender (or its Applicable Lending Office) or the applicable offshore interbank market for the applicable Agreed
Currency any other condition affecting this Agreement or Loans made by such Lender or any Letter of Credit or participation therein;

 

and the result of any of the foregoing shall be to increase the cost
to such Lender (or its Applicable Lending Office) of making, continuing, converting or maintaining any Loan (or of maintaining its obligation
to make any such Loan) or to reduce the amount of any sum received or receivable by such Lender (or its Applicable Lending Office) or
such Issuing Bank hereunder (whether of principal, interest or otherwise), then the Company will pay (or will cause the relevant Borrower
to pay) to such Lender or such Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or
such Issuing Bank, as the case may be, for such additional costs incurred or reduction suffered.

 

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

 

(c)        
If a Change in Law shall subject any Lender or Issuing Bank to any Taxes (other than Indemnified Taxes and Excluded Taxes) on
its loans, loan principal, letters of credit, commitments, or other obligations hereunder, or its deposits, reserves, other liabilities
or capital attributable thereto, and the result shall be to increase the cost to such Lender or Issuing Bank of making or maintaining
any Loan (or of maintaining its obligation to make any such Loan) or to increase the cost to such Lender or Issuing Bank of participating
in, issuing or maintaining any Letter of Credit or to reduce the amount of any sum received or receivable by such Lender or Issuing Bank
hereunder (whether of principal, interest or otherwise), then the Company will pay to such Lender or Issuing Bank such additional amount
or amounts as will compensate such Lender or Issuing Bank for such additional costs incurred or reduction suffered.

 

    59 

     

    

 

(d)        
A certificate of a Lender or an Issuing Bank setting forth the amount or amounts necessary to compensate such Lender or such Issuing
Bank or its holding company, as the case may be, as specified in paragraph (a), (b) or (c) of this Section and the calculation of
such amount or amounts in reasonable detail shall be delivered to the Company and shall be conclusive absent clearly demonstrable error;
provided that such Lender or Issuing Bank shall not be required to disclose any information to the extent prohibited by law or
regulation. The Company or the relevant Borrower, as the case may be, shall pay such Lender or such Issuing Bank, as the case may be,
the amount in respect of any such certificate free of clearly demonstrable error within 15 days after receipt thereof. In requesting
any compensation pursuant to this Section, each Lender or Issuing Bank will use good faith efforts to treat the applicable Borrower in
substantially the same manner as such Lender or Issuing Bank treats other similarly situated borrowers under similar circumstances.

 

(e)        
Failure or delay on the part of any Lender or any Issuing Bank to demand compensation pursuant to this Section shall not constitute
a waiver of such Lender’s or such Issuing Bank’s right to demand such compensation, as the case may be; provided that
the Borrower shall not be required to compensate a Lender or an Issuing Bank pursuant to this Section 2.14 for any increased costs or
reductions incurred more than 90 days prior to the date that such Lender or such Issuing Bank, as the case may be, notifies the Borrower
of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or such Issuing Bank’s claim
to receive compensation therefor; provided further that, if the Change in Law giving rise to such increased costs or reductions
is retroactive, then the 90-day period referred to above shall be extended to include the period of retroactive effect thereof.

 

Section 2.15.     
Break Funding Payments.

 

(a)        
With respect to Loans that are not RFR Loans, in the event of (i) the payment of any principal of any Term Benchmark Loan other
than on the last day of an Interest Period applicable thereto (including as a result of an Event of Default or as a result of any prepayment
pursuant to Section 2.10), (ii) the conversion of any Term Benchmark Loan other than on the last day of the Interest Period applicable
thereto, (iii) the failure to borrow, convert, continue or prepay any Term Benchmark Loan on the date specified in any notice delivered
pursuant hereto (regardless of whether such notice may be revoked under Section 2.10(b) and is revoked in accordance therewith), (iv)
the assignment of any Term Benchmark Loan other than on the last day of the Interest Period applicable thereto as a result of a request
by the Borrower pursuant to Section 2.19 or 9.02(d) or (v) the failure by any Borrower to make any payment of any Loan (or interest due
thereof) denominated in an Alternative Currency on its scheduled due date or any payment thereof in a different currency, then, in any
such event, the relevant Borrower shall compensate each Lender for the loss (excluding loss of margin), cost and expense attributable
to such event. A certificate of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this
Section and the calculation of such amount or amounts in reasonable detail shall be delivered to the Borrower and shall be conclusive
absent clearly demonstrable error. The Borrower shall pay such Lender the amount shown as due on any such certificate free of clearly
demonstrable error within 10 days after receipt thereof.

 

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(b)        
With respect to RFR Loans, in the event of (i) the payment of any principal of any RFR Loan other than on the Interest Payment
Date applicable thereto (including as a result of an Event of Default or as a result of any prepayment pursuant to Section 2.10), (ii)
the failure to borrow, convert, continue or prepay any RFR Loan on the date specified in any notice delivered pursuant hereto (regardless
of whether such notice may be revoked under Section 2.10(b) and is revoked in accordance therewith), (iii) the assignment of any RFR
Loan other than on the Interest Payment Date applicable thereto as a result of a request by the Borrower pursuant to Section 2.19 or
9.02(d) or (iv) the failure by any Borrower to make any payment of any Loan (or interest due thereof) denominated in an Alternative Currency
on its scheduled due date or any payment thereof in a different currency, then, in any such event, the applicable Borrower shall compensate
each Lender for the loss, cost and expense attributable to such event. A certificate of any Lender setting forth any amount or amounts
that such Lender is entitled to receive pursuant to this Section and the calculation of such amount or amounts in reasonable detail shall
be delivered to the Borrower and shall be conclusive absent clearly demonstrable error. The Borrower shall pay such Lender the amount
shown as due on any such certificate free of clearly demonstrable error within 10 days after receipt thereof.

 

Section 2.16.     
Taxes. (a) Any and all payments by or on account of any obligation of any Credit Party under the
Loan Documents shall be made free and clear of and without deduction for any Taxes, except as required by applicable law. If any Credit
Party or the Administrative Agent (the “Withholding Agent”) shall be required to deduct any Indemnified Taxes or Other
Taxes from or in respect of any sum payable under the Loan Documents to any Lender, Issuing Bank or the Administrative Agent, then (i)
the sum payable by such Credit Party shall be increased as necessary so that after making all required deductions (including deductions
applicable to additional sums payable under this Section) the Administrative Agent, such Lender or such Issuing Bank (as the case may
be) receives an amount equal to the sum it would have received had no such deductions been made, (ii) the Withholding Agent shall make
such deductions and (iii) the Withholding Agent shall pay the full amount deducted to the relevant Governmental Authority in accordance
with applicable law.

 

(b)        
In addition, each Credit Party shall pay any Other Taxes to the relevant Governmental Authority in accordance with applicable
law.

 

(c)        
The relevant Credit Party shall indemnify the Administrative Agent and each Lender, within 10 days after written demand therefor,
for the full amount of any Indemnified Taxes or Other Taxes paid by the Administrative Agent or such Lender, as the case may be, on or
with respect to any payment by or on account of any obligation of such Credit Party under the Loan Documents (including Indemnified Taxes
or Other Taxes imposed or asserted on or attributable to amounts payable under this Section) and any penalties, interest and reasonable
expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed
or asserted by the relevant Governmental Authority; provided that the relevant Credit Party shall not be obligated to indemnify
the Administrative Agent or such Lender, as the case may be, pursuant to this Section in respect of penalties, interest or similar liabilities
arising therefrom or with respect thereto to the extent such penalties, interest or similar liabilities are attributable to the gross
negligence or willful misconduct by the Administrative Agent or such Lender, as the case may be. A certificate as to the amount of such
payment or liability delivered to the relevant Credit Party by a Lender or by the Administrative Agent on its own behalf or on behalf
of a Lender, shall be conclusive absent clearly demonstrable error.

 

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(d)        
As soon as practicable after any payment of Indemnified Taxes or Other Taxes by any Credit Party to a Governmental Authority,
such Credit Party shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental
Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory
to the Administrative Agent.

 

(e)        
Any Lender, including any Issuing Bank, that is entitled to an exemption from or reduction of withholding Tax with respect to
payments under this Agreement shall deliver to the Company (with a copy to the Administrative Agent), at the time or times reasonably
requested by the Company or the Administrative Agent, such properly completed and executed documentation prescribed by applicable law
or reasonably requested by the Company or the Administrative Agent as will permit such payments to be made without withholding or at
a reduced rate. In addition, any Lender, including any Issuing Bank, if requested by the Company or the Administrative Agent, shall deliver
such other documentation prescribed by applicable law or reasonably requested by the Company or the Administrative Agent as will enable
the Company or the Administrative Agent to determine whether or not such Lender is subject to any withholding (including backup withholding)
or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution
and submission of such documentation (other than such documentation set forth in Section 2.16(f), (g), (h) and (i) below) shall not be
required if in the Lender’s 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.

 

(f)         
Without limiting the foregoing, at the times indicated herein, each Foreign Lender shall, to the extent it is legally entitled
to do so, provide the Company and the Administrative Agent with duly and accurately executed originals of Internal Revenue Service form
W-8BEN, W-8BEN-E, W-8IMY (accompanied by a form W-8ECI, W-8BEN, W-8BEN-E or W-9 and other certification documents from each beneficial
owner, as applicable) or W-8ECI (in each case accompanied by any statements which may be required under applicable Treasury regulations),
as appropriate, or any successor form prescribed by the Internal Revenue Service, certifying that such Lender is entitled to receive
payments under this Agreement (i) without deduction or withholding of any United States federal income Taxes or (ii) subject to a reduced
rate of United States federal withholding Tax. Such forms shall be provided (x) on or prior to the date of the Lender’s execution
and delivery of this Agreement in the case of each Lender listed on the signature pages hereof, and on or prior to the date on which
it becomes a Lender in the case of each other Lender, and (y) on or before the date that such form expires or becomes obsolete or after
the occurrence of any event requiring a change in the most recent form so delivered by the Lender.

 

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(g)        
 Any Lender, including any Issuing Bank, that is a “United States person” within the meaning of Section 7701(a)(30)
of the Code shall deliver to the Company and the Administrative Agent on or prior to the date on which such Lender becomes a Lender under
this Agreement (and from time to time thereafter upon the request of the Company or the Administrative Agent), duly and accurately executed
originals of Internal Revenue Service form W-9 certifying, to the extent such Lender is legally entitled to do so, that such Lender is
not subject to U.S. federal backup withholding Tax. For the avoidance of doubt, such Tax is an “Excluded Tax”.

 

(h)        
If a payment made to a Lender, including any Issuing Bank, under any Loan Document would be subject to U.S. federal withholding
Tax imposed by FATCA if such Lender were to fail to comply with the applicable requirements of FATCA (including those contained in Section
1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Company and the Administrative Agent at the time or
times prescribed by law and at such time or times reasonably requested by the Company or the Administrative Agent such documentation
prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably
requested by the Company or the Administrative Agent as may be necessary for the Company or the Administrative Agent to comply with its
obligations under FATCA, to determine that such Lender has or has not complied with such Lender’s obligations under FATCA or to
determine the amount to deduct and withhold from such payment. Solely for the purposes of this Section 2.16(h), “FATCA” shall
include any amendments made to FATCA after the Amendment No. 1 Effective Date, whether or not included in the definition of FATCA.

 

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

 

(j)          
If the Administrative Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes
or Other Taxes as to which it has been indemnified by any Borrower or with respect to which any Borrower has paid additional amounts
pursuant to this Section 2.16, it shall pay over such refund to such Borrower (but only to the extent of indemnity payments made, or
additional amounts paid, by such Borrower under this Section 2.16 with respect to the Indemnified Taxes or Other Taxes giving rise to
such refund), net of all out-of-pocket expenses with respect to such refund of the Administrative Agent or such Lender and without interest
(other than any interest paid by the relevant Governmental Authority with respect to such refund); provided that such Borrower,
upon the request of the Administrative Agent or such Lender, agrees to repay the amount paid over to the Borrower (plus any penalties,
interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent or such Lender in the event the
Administrative Agent or such Lender is required to repay such refund to such Governmental Authority. This Section shall not be construed
to require the Administrative Agent or any Lender 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.

 

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(k)        
Each Lender, including any Issuing Bank, shall severally indemnify the Administrative Agent, within 10 days after demand therefor,
for (i) any Indemnified Taxes or Other Taxes attributable to such Lender (but only to the extent that the applicable Borrower has not
already indemnified the Administrative Agent for such Indemnified Taxes or Other Taxes and without limiting the obligation of the such
Borrower to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 12.04(c) 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 this Agreement, 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 this Agreement 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 (k).

 

(l)          
Each party’s obligations under this Section 2.16 shall survive any assignment of rights by, or the replacement of, a Lender,
the resignation or replacement of the Administrative Agent, the termination of the Commitments and the repayment, satisfaction or discharge
of all other obligations under this Agreement.

 

Section 2.17.     
Foreign Subsidiary Costs. If the cost to any Lender of making or maintaining any Loan to or of issuing
or maintaining any Letter of Credit for the account of a Subsidiary Borrower is increased, or (except as permitted by Section 2.16) the
amount of any sum received or receivable by any Lender (or its Applicable Lending Office) is reduced in each case by an amount deemed
by such Lender to be material, by reason of the fact that such Subsidiary Borrower is incorporated in, or conducts business in, a jurisdiction
outside the United States, the Company shall indemnify such Lender for such increased cost or reduction within 15 days after demand by
such Lender (with a copy to the Administrative Agent). A certificate of such Lender claiming compensation under this Section 2.17 and
setting forth the additional amount or amounts to be paid to it hereunder (and a calculation thereof in reasonable detail) shall be delivered
to the Company contemporaneously with any such demand and shall be conclusive in the absence of clearly demonstrable error. In requesting
any compensation pursuant to this Section, each Lender will use good faith efforts to treat the Company in substantially the same manner
as such Lender treats other similarly situated borrowers under similar circumstances.

 

Section 2.18.     
Payments Generally; Pro Rata Treatment; Sharing of Set-offs. (a) The Borrower shall make each payment
of principal of, and interest on, the Dollar-Denominated Loans, of LC Exposures denominated in Dollars and of fees hereunder, not later
than 12:00 noon (New York City time) on the date when due, in Dollars in funds immediately available in New York City. The Borrower shall
make each payment of principal of, and interest on, the Alternative Currency Loans and of LC Exposures denominated in an Alternative
Currency in the relevant Alternative Currency in such funds as may then be customary for the settlement of international transactions
in such Alternative Currency. Each such payment shall be made without reduction by reason of any set-off, recoupment or counterclaim.
Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received
on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative
Agent at its offices at 270 Park Avenue, New York, New York, except payments to be made directly to an Issuing Bank or a Swingline
Lender as expressly provided herein and except that payments pursuant to Sections 2.14, 2.15, 2.16, 2.17 and 12.03 shall be made directly
to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for the account of any other
Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on a day that is not a
Business Day, the date for payment shall be extended to the next succeeding Business Day, and, in the case of any payment accruing interest,
interest thereon shall be payable for the period of such extension.

 

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

 

(c)        
If any Lender shall, by exercising any right of set-off or counterclaim or otherwise, obtain payment in respect of any principal
of or interest on any of its Revolving Loans or participations in LC Disbursements or Swingline Loans resulting in such Lender receiving
payment of a greater proportion of the aggregate amount of its Revolving Loans and participations in LC Disbursements and Swingline Loans
and accrued interest thereon than the proportion received by any other Lender, then the Lender receiving such greater proportion shall
purchase (for cash at face value) participations in the Revolving Loans and participations in LC Disbursements and Swingline Loans of
other Lenders to the extent necessary so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with
the aggregate amount of principal of and accrued interest on their respective Revolving Loans and participations in LC Disbursements
and Swingline Loans; provided that (i) if any such participations are purchased and all or any portion of the payment giving rise
thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without
interest, and (ii) the provisions of this paragraph shall not be construed to apply to any payment made by any Borrower 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 or participations in LC Disbursements to any assignee or participant, other than to the Company
or any Subsidiary or Affiliate thereof (as to which the provisions of this paragraph shall apply). Each Borrower consents to the foregoing
and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing
arrangements may exercise against such Borrower rights of set-off and counterclaim with respect to such participation as fully as if
such Lender were a direct creditor of such Borrower in the amount of such participation.

 

(d)        
Unless the Administrative Agent shall have received notice from the Company or the applicable Borrower prior to the date on which
any payment is due to the Administrative Agent for the account of the Lenders or the Issuing Banks hereunder that a Borrower will not
make such payment, the Administrative Agent may assume that such Borrower has made such payment on such date in accordance herewith and
may, in reliance upon such assumption, distribute to the Lenders or the Issuing Banks, as the case may be, the amount due. In such event,
if such Borrower has not in fact made such payment, then each of the Lenders or each of the Issuing Banks, as the case may be, severally
agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or Issuing Bank with interest
thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative
Agent, at the applicable Overnight Rate.

 

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(e)        
If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.04(c), 2.05(e), 2.05(f), 2.06(b),
2.18(d) or 12.03(c), then the Administrative Agent may, in its discretion and notwithstanding any contrary provision hereof, (i) apply
any amounts thereafter received by the Administrative Agent for the account of such Lender under this Agreement for the benefit of the
Administrative Agent, any Swingline Lender or any Issuing Bank to satisfy such Lender’s obligations to it under such Section until
all such unsatisfied obligations are fully paid, and/or (ii) hold any such amounts in a segregated account as cash collateral for, and
application to, any future funding obligations of such Lender under any such Section, in the case of each of clauses (i) and (ii) above,
in any order as determined by the Administrative Agent in its discretion.

 

Section 2.19.     
Mitigation Obligations; Replacement of Lenders. 

 

(a)        
If any Lender requests compensation under Section 2.14 or 2.17, or if any Borrower is required to pay any additional amount to
any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.16, then such Lender shall use reasonable
efforts to designate a different Applicable Lending Office for funding or booking its Loans hereunder or to assign its rights and obligations
hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would
eliminate or reduce amounts payable pursuant to Section 2.14, 2.16 or 2.17, as the case may be, in the future and (ii) would not subject
such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Company hereby agrees
to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment.

 

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(b)        
If any Lender or Participant of any Lender requests compensation under Section 2.14 or 2.17, or if any Borrower is required to
pay any additional amount to any Lender, any Participant of any Lender or any Governmental Authority for the account of any Lender (or
a Participant) pursuant to Section 2.16, or if any Lender becomes a Defaulting Lender or invokes Section 2.22, or if any Lender shall
reject a requested additional Approved Jurisdiction or refuse to consent to any waiver, amendment or other modification that would otherwise
require such Lender’s consent but to which the Required Lenders have consented, or if the credit (or similar) rating of any Lender
(or any Parent thereof) by one or more of S&P or Moody’s or any other nationally recognized statistical rating organization
shall at any time be lower than BBB/Baa2 (or the equivalent), or if, as to any Lender, such Lender (or Parent thereof) shall at any time
have no credit (or similar) rating in effect by at least one such organization, or if any Lender or its Parent has become the subject
of a Bail-In Action (or any case or other proceeding in which a Bail-In Action may occur), or if any Lender that is a Swingline Lender
or an Issuing Bank shall (A) resign in its capacity as such, (B) fail to promptly approve the assignment of a Commitment that the Administrative
Agent has approved as contemplated by clause (i) of the proviso below or (C) fail to promptly approve a New Lender that the Administrative
Agent has approved in the case of an increase in the Commitments as contemplated by Section 2.25, or if any Lender is a Disqualified
Institution at the time it becomes a Lender or any Lender assigns or participates all or any portion of its Loans and/or Commitments
to a Disqualified Institution in violation of Section 12.04, without the written consent of the Borrower, then the Company may, at its
sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without
recourse (in accordance with and subject to the restrictions contained in Section 12.04), all its interests, rights and obligations under
this Agreement to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment);
provided that (i) the Company shall have received the prior written consent of the Administrative Agent (and if a Commitment is
being assigned, the Issuing Banks and the Swingline Lenders), which consent shall not unreasonably be withheld, conditioned or delayed
and (ii) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and funded participations
in Letters of Credit and Swingline Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from
the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Company or the relevant Borrower (in
the case of all other amounts). Each party hereto agrees that (1) an assignment required pursuant to this paragraph may be effected pursuant
to an Assignment and Assumption executed by the Company, the Administrative Agent and the assignee (or, to the extent applicable, an
agreement incorporating an Assignment and Assumption by reference pursuant to an Approved Electronic Platform as to which the Administrative
Agent and such parties are participants), and (2) the Lender required to make such assignment need not be a party thereto in order for
such assignment to be effective and shall be deemed to have consented to and be bound by the terms thereof; provided that, following
the effectiveness of any such assignment, the other parties to such assignment agree to execute and deliver such documents necessary
to evidence such assignment as reasonably requested by the applicable Lender, provided that any such documents shall be without recourse
to or warranty by the parties thereto. Notwithstanding any other provision of this Agreement to the contrary, if a Lender has become
the subject of a Bail-In Action (or any case or other proceeding in which a Bail-In Action may occur) (each, a “Bail-In Lender”),
then the Company may terminate such Bail-In Lender’s Commitment hereunder, provided that (A) no Default or Event of Default
shall have occurred and be continuing at the time of such Commitment termination, (B) in the case of a Bail-In Lender, the Company shall
concurrently terminate the Commitment of each other Lender that is a Bail-In Lender at such time, (C) the Administrative Agent and the
Required Lenders shall have consented to each such Commitment termination (such consents not to be unreasonably withheld, conditioned
or delayed, but may include consideration of the adequacy of the liquidity of the Company and its Subsidiaries) and (D) such Bail-In
Lender shall have been paid all amounts then due to it under this Agreement and each other Loan Document (which, for the avoidance of
doubt, the respective Borrowers may pay in connection with any such termination without making ratable payments to any other Lender (other
than another Lender that has a Commitment that concurrently is being terminated under this Section 2.19(b))).

 

Section 2.20.     
Currency Equivalents. (a) The Administrative Agent shall determine the Dollar Amount of: (i) each
Alternative Currency Loan on each of the following: (x) the date of the Borrowing of such Loan and (ii)(A) with respect to any Term Benchmark
Loan, each date of a conversion or continuation of such Loan pursuant to the terms of this Agreement and (B) with respect to any RFR
Loan, each date that is on the numerically corresponding day in each calendar month that is one month after the Borrowing of such Loan
(or, if there is no such numerically corresponding day in such month, then the last day of such month); and (ii) any Borrowing,
on any additional date as the Administrative Agent may determine at any time when an Event of Default exists. Each day upon or as
of which the Administrative Agent determines Dollar Amounts as described in the preceding clauses (i) and (ii) is herein described as
a “Computation Date” with respect to each Loan and/or Borrowing for which a Dollar Amount is determined on or as of such
day, and the Administrative Agent shall notify the Company and the Lenders of all such determinations and related computations on such
Computation Date.

 

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(b)        
The applicable Issuing Bank shall determine the LC Exposure related to each Letter of Credit as of the date of issuance thereof
and at three-month intervals after the date of issuance thereof, or at such additional dates required by the applicable Issuing Bank.
Each such determination shall be based on the Dollar Amount of the LC Exposure (i) on the date of the related notice of issuance, in
the case of the initial determination in respect of any Letter of Credit and (ii) on the fourth Business Day prior to the date as of
which such Dollar Amount is to be determined or on such additional dates required by the applicable Issuing Bank, in the case of any
subsequent determination with respect to an outstanding Letter of Credit.

 

(c)        
If, other than as a result of fluctuations in currency exchange rates, after giving effect to any such determination of a Dollar
Amount, the Total Revolving Credit Exposure of all Lenders exceed the aggregate amount of the Commitments or if at any time, solely as
a result of fluctuations in currency exchange rates, the aggregate Dollar Amount of Loans and LC Exposures exceeds 105% of the aggregate
amount of the Commitment, the Borrowers shall within five Business Days prepay outstanding Loans (as selected by the Company and notified
to the Lenders through the Administrative Agent not less than three Business Days prior to the date of prepayment) or take other action
to the extent necessary to eliminate any such excess.

 

Section 2.21.     
Margin Determinations. The Administrative Agent shall determine the Applicable Rate from time to
time in accordance with the provisions set forth below:

 

The “Term Benchmark Margin”
at any date is a rate per annum equal to the then applicable rate set forth in the “Pricing Grid” below under the column
headed “Term Benchmark Margin.”

 

The “RFR Margin” at any date
is a rate per annum equal to the then applicable rate set forth in the “Pricing Grid” below under the column headed “RFR
Margin.”

 

The “ABR Margin” at any date
is a rate per annum equal to the then applicable rate set forth in the “Pricing Grid” below under the column headed “ABR
Margin.”

 

The “Commitment Fee Rate” at
any date is a rate per annum equal to the then applicable rate set forth in the “Pricing Grid” below under the column headed
 “Commitment Fee.”

 

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	Pricing Grid
	Pricing

    Level	 	 	Commitment

                                             Fee	 	 	 	Term
                                            Benchmark
 Margin	 	 	 	RFR
                                            Margin	 	 	 	ABR

                                            Margin	 
	I	 	 	0.04	%	 	 	0.50	%	 	 	0.50	%	 	 	0.00	%
	II	 	 	0.045	%	 	 	0.625	%	 	 	0.625	%	 	 	0.00	%
	III	 	 	0.05	%	 	 	0.75	%	 	 	0.75	%	 	 	0.00	%
	IV	 	 	0.07	%	 	 	0.875	%	 	 	0.875	%	 	 	0.00	%
	V	 	 	0.09	%	 	 	1.00	%	 	 	1.00	%	 	 	0.00	%

 

For purposes of the foregoing table, the following
terms have the following meanings, subject to the further provisions of this Section:

 

“Level I Pricing” applies at
any date if, at such date, the Company’s senior unsecured long-term debt is rated AA or higher by S&P and Aa2 or higher by
Moody’s.

 

“Level II Pricing” applies
at any date if, at such date (i) no better Pricing Level applies and (ii) the Company’s senior unsecured long-term debt is rated
AA- by S&P and Aa3 by Moody’s.

 

“Level III Pricing” applies
at any date if, at such date (i) no better Pricing Level applies and (ii) the Company’s senior unsecured long-term debt is rated
A+ by S&P and A1 by Moody’s.

 

“Level IV Pricing” applies
at any date if, at such date, (i) no better Pricing Level applies and (ii) the Company’s senior unsecured long-term debt is rated
A by S&P and A2 by Moody’s.

 

“Level V Pricing” applies at
any date if, at such date, no other Pricing Level applies.

 

“Pricing Level” refers to the
determination of which of Level I, Level II, Level III, Level IV or Level V Pricing applies at any date. A “better” Pricing
Level is one with a lower roman numeral.

 

“Rating Agency” means S&P
or Moody’s (and their successors).

 

In determining the applicable Pricing Level: (a)
if ratings are available from the two Rating Agencies but are not equivalent, then (i) if the ratings differential is one ratings level,
the Pricing Level shall be that applicable to the higher of the two ratings and (ii) if the ratings differential is two rating levels
or more, the Pricing Level shall be that which would be applicable to a rating which is one rating level below the higher of the two
ratings, (b) if a rating from only one Rating Agency is available, then the Pricing Level shall be that applicable to such rating
and (c) if ratings are not available from either of the two Rating Agencies, then Level V Pricing shall apply.

 

The credit ratings to be utilized for purposes
of this Section are those assigned by S&P or Moody’s to the senior unsecured long-term debt securities of the Company without
third-party credit enhancement, and any rating assigned to any other debt security of the Company shall be disregarded; provided
that if no such rating is available from any one or more of the two Rating Agencies, the ratings used for purposes of determining the
Pricing Level with respect to each such Rating Agency shall be the corporate family rating assigned by such Rating Agency to the Company.
The rating in effect at any date is that in effect at the close of business on such date. If the rating system of any Rating Agency shall
change, or if any Rating Agency shall cease to be in the business of rating corporate debt obligations, the Company and the Administrative
Agent shall negotiate in good faith to amend this Section to reflect such changed rating system or the nonavailability of ratings from
such Rating Agency and, pending the effectiveness of any such amendment, the Pricing Level shall be determined by reference to the rating
most recently in effect prior to such change or cessation.

 

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Section 2.22.     
Illegality. (a) If, after the Amendment No. 1 Effective Date, the adoption of any applicable law,
rule or regulation, or any change in any applicable law, rule or regulation, or any change in the interpretation or administration thereof
by any Governmental Authority, central bank or comparable agency charged with the interpretation or administration thereof, or compliance
by any Lender (or its Term Benchmark Lending Office) with any request or directive (whether or not having the force of law) of any such
authority, central bank or comparable agency shall make it unlawful or impossible for any Lender (or its Term Benchmark Lending Office)
to make, maintain or fund its Term Benchmark Loans to any Borrower and such Lender shall so notify the Administrative Agent, the Administrative
Agent shall forthwith give notice thereof to the other Lenders and the Company, whereupon until such Lender notifies the Company and
the Administrative Agent that the circumstances giving rise to such suspension no longer exist (which such Lender shall do promptly after
becoming aware thereof), the obligation of such Lender to make Term Benchmark Loans to such Borrower, or to convert outstanding Loans
to such Borrower into Term Benchmark Loans, shall be suspended. If such notice is given with respect to Term Benchmark Loans denominated
in Dollars, each Term Benchmark Loan of such Lender denominated in Dollars then outstanding shall be converted to an ABR Loan either
(i) on the last day of the then current Interest Period applicable to such Term Benchmark Loan denominated in Dollars if such Lender
may lawfully continue to maintain and fund such Term Benchmark Loan denominated in Dollars to such day or (ii) immediately if such Lender
shall determine that it may not lawfully continue to maintain and fund such Term Benchmark Loan denominated in Dollars to such day. If
such notice is given with respect to Alternative Currency Loans, the relevant Borrower shall prepay such Alternative Currency Loans either
(i) on the last day of the then current Interest Period applicable to such Alternative Currency Loan if such Lender may lawfully continue
to maintain and fund such Alternative Currency Loan to such day or (ii) immediately if such Lender shall determine that it may not lawfully
continue to maintain and fund such Alternative Currency Loan to such day.

 

(b)        
If it is unlawful for any Lender (or its Applicable Lending Office) to make or maintain Loans to any Subsidiary Borrower and such
Lender shall so notify the Administrative Agent, the Administrative Agent shall forthwith give notice thereof to the other Lenders and
the Company, whereupon until such Lender notifies the Company and the Administrative Agent that the circumstances giving rise to such
suspension no longer exist (which such Lender shall do promptly after becoming aware thereof), the obligation of such Lender to make
or maintain Loans to such Subsidiary Borrower shall be suspended. If such notice is given, each Loan of such Lender then outstanding
to such Subsidiary Borrower shall be prepaid either (i) in the case of a Term Benchmark Loan, on the last day of the then current Interest
Period applicable thereto if such Lender may lawfully continue to maintain such Loan to such day or (ii) immediately if clause (i) does
not apply.

 

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(c)        
 If so requested by the Administrative Agent and the Company, and provided that it may lawfully do so, any Lender whose Alternative
Currency Loans have been prepaid pursuant to clause (a) of this Section or whose Loans to a Subsidiary Borrower have been prepaid pursuant
to clause (b) of this Section shall purchase participations in the related Loans of the other Lenders, and such other adjustments shall
be made, including without limitation Loans to the Company in an equivalent Dollar Amount in the event that participations in such related
Loans may not lawfully be purchased by such Lenders, as may be required so that the credit exposure of the Lenders with respect to the
Loans is shared on a basis proportionate to the Commitments of the Lenders.

 

(d)        
Before giving any notice to the Administrative Agent pursuant to this Section, such Lender shall designate a different Applicable
Lending Office if such designation will avoid the need for giving such notice and will not, in the judgment of such Lender, be otherwise
disadvantageous to such Lender.

 

Section 2.23.     
Defaulting Lenders. If any Lender becomes a Defaulting Lender, then the following provisions shall
apply for so long as such Lender is a Defaulting Lender:

 

(a)        
fees shall cease to accrue on the unused portion of the Commitment of such Defaulting Lender pursuant to Section 2.11(a);

 

(b)        
if any Swingline Exposure or LC Exposure exists with respect to a Lender at the time such Lender becomes a Defaulting Lender then:

 

(i)           
provided no Default shall have occurred and be continuing, the Swingline Exposure (other than, in the case of a Defaulting
Lender that is a Swingline Lender, the portion of such Swingline Exposure referred to in clause (b) of the definition of such term) and
LC Exposure of such Defaulting Lender shall be automatically reallocated among the non-Defaulting Lenders in accordance with their respective
Applicable Percentages but only to the extent the sum of all non-Defaulting Lenders’ Revolving Credit Exposures plus such Defaulting
Lender’s Swingline Exposure and LC Exposure does not exceed the total of all non-Defaulting Lenders’ Commitments;

 

(ii)           
if the reallocation described in clause (i) above cannot, or can only partially, be effected, the Borrower shall within three
Business Days following notice by the Administrative Agent (x) first, prepay such Swingline Exposure and (y) second, either
(A) procure the reduction or termination of the Defaulting Lender’s LC Exposure (after giving effect to any partial reallocation
pursuant to clause (i) above) or (B) cash collateralize for the benefit of the Issuing Banks only the Borrower’s obligations corresponding
to such Defaulting Lender’s LC Exposure (after giving effect to any partial reallocation pursuant to clause (i) above) in accordance
with the procedures set forth in Section 2.05(k) for so long as such LC Exposure is outstanding;

 

(iii)           
if the Borrower cash collateralizes any portion of such Defaulting Lender’s LC Exposure pursuant to clause (ii) above, the
Borrower shall not be required to pay any fees to such Defaulting Lender pursuant to Section 2.11(b) with respect to such Defaulting
Lender’s LC Exposure during the period such Defaulting Lender’s LC Exposure is cash collateralized;

 

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(iv)           
to the extent that the LC Exposure of the non-Defaulting Lenders is reallocated pursuant to clause (i) above, then the letter
of credit fees payable to the Lenders pursuant to Section 2.11(b) shall to the same extent be adjusted in accordance with such non-Defaulting
Lenders’ Applicable Percentages; and

 

(v)           
if all or any portion of such Defaulting Lender’s LC Exposure is not reallocated, reduced, terminated nor cash collateralized
pursuant to clause (i) or (ii) above, then, without prejudice to any rights or remedies of any Issuing Bank or any other Lender hereunder,
all letter of credit fees payable under Section 2.11(b) with respect to such Defaulting Lender’s LC Exposure shall be payable to
the Issuing Banks until and to the extent that such LC Exposure is reallocated, reduced, terminated and/or cash collateralized; and

 

(c)        
so long as such Lender is a Defaulting Lender, the Swingline Lenders shall not be required to fund any Swingline Loan and any
Issuing Bank shall not be required to issue, amend or increase any Letter of Credit, unless the Defaulting Lender’s then outstanding
Swingline Exposure and LC Exposure after giving effect thereto will be 100% covered by the Commitments of the non-Defaulting Lenders
and/or prepaid, reduced, terminated and/or cash collateralized in accordance with Section 2.23(b), and participating interests in any
newly made Swingline Loan or any newly issued or increased Letter of Credit shall be allocated among non-Defaulting Lenders in a manner
consistent with Section 2.23(b)(i) (and such Defaulting Lender shall not participate therein).

 

If a Swingline Lender or an Issuing Bank has a
good faith belief that any Lender has defaulted in fulfilling its funding obligations under one or more other agreements in which such
Lender commits to extend credit, no Swingline Lender shall be required to fund any Swingline Loan and any Issuing Bank shall not be required
to issue, amend or increase any Letter of Credit, unless the Swingline Lenders or the Issuing Banks, as the case may be, shall have entered
into arrangements with the Borrower or such Lender, reasonably satisfactory to the Swingline Lenders or the Issuing Banks, as the case
may be, to defease any risk to the Swingline Lenders or the Issuing Banks in respect of such Lender hereunder relating to Swingline Exposure
and/or LC Exposure.

 

In the event that the Administrative Agent, the
Borrower, the Swingline Lenders and the Issuing Banks reasonably determine that a Defaulting Lender has adequately remedied all matters
that caused such Lender to be a Defaulting Lender, then the Swingline Exposure and LC Exposure of the Lenders shall be readjusted to
reflect the inclusion of such Lender’s Commitment and on such date such Lender shall purchase at par such of the Loans of the other
Lenders (other than Swingline Loans) as the Administrative Agent shall determine is necessary in order for such Lender to hold such Loans
in accordance with its Applicable Percentage; provided that there shall be no retroactive effect on fees reallocated pursuant
to Section 2.23(b)(iv) and (v).

 

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Section 2.24.     
Extension of Maturity Date.

 

(a)       Each
Lender’s Commitment may be extended, if at the time the conditions specified in Section 4.02 are met, in the manner set forth in
this Section 2.24, on not more than two occasions (any such occasion, an “Extension Date”) for a period of
one year after the date on which the Commitment of such Lender would have been terminated; provided that no such extension request
shall result in a Maturity Date for any Lender that is more than five years after the relevant Extension Date. If the Company wishes
to request an extension of each Lender’s Commitment, it shall give notice to that effect to the Administrative Agent not less than
30 days prior to the applicable Extension Date, whereupon the Administrative Agent shall promptly notify each of the Lenders of such
request. Each Lender will use its best efforts to respond to such request, whether affirmatively or negatively, as it may elect in its
discretion, within 15 days of such request (or such longer period as the Company and the Administrative Agent may reasonably agree) to
the Administrative Agent. If any Lender shall not have responded affirmatively within such 15-day period (or such longer period, if applicable),
such Lender shall be deemed to have rejected the Company’s proposal to extend its Commitment, and only the Commitments of those
Lenders which have responded affirmatively shall be extended, subject to receipt by the Administrative Agent of counterparts of an extension
agreement in form reasonably satisfactory to the Administrative Agent and the Company (an “Extension Agreement”),
duly completed and signed by the Company, the Administrative Agent and all of the Lenders which have responded affirmatively. The Administrative
Agent shall provide to the Company, no later than 10 days prior to the Extension Date for any such request, a list of the Lenders which
have responded affirmatively. The Extension Agreement shall be executed and delivered no later than five days prior to the Extension
Date, and no extension of the Commitments pursuant to this Section 2.24 shall be legally binding on any party hereto unless and
until such Extension Agreement is so executed and delivered by Lenders having at least 51% of the aggregate amount of the Commitments.

 

(b)       If
any Lender rejects, or is deemed to have rejected, the Borrower’s proposal to extend its Commitment (i) this Agreement shall terminate
on the Maturity Date with respect to such Lender, (ii) the Borrower shall pay to such Lender on the Maturity Date any amounts due and
payable to such Lender on such date and (iii) the Borrower may, if it so elects, designate a Person not theretofore a Lender and reasonably
acceptable to the Administrative Agent to become a Lender, or agree with an existing Lender that such Lender’s Commitment shall
be increased, provided that the aggregate amount of the Commitments following any designation or agreement may not exceed the
aggregate amount of the Commitments as in effect immediately prior to the relevant request. Upon execution and delivery by the Borrower
and such replacement Lender or other Person of an instrument of assumption in form and amount reasonably satisfactory to the Administrative
Agent and execution and delivery of the Extension Agreement pursuant to Section 2.24(a), such existing Lender shall have a Commitment
as therein set forth or such other Person shall become a Lender with a Commitment as therein set forth and all the rights and obligations
of a Lender with such a Commitment hereunder.

 

(c)       The
Administrative Agent shall promptly notify the Lenders and the Company of the effectiveness of each extension of the Commitments pursuant
to this Section 2.24.

 

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(d)       If,
by reason of the operation of this Section 2.24, the Maturity Date of any Lender (a “Terminating Lender”) occurs
prior to the Maturity Date of any other Lender, then (i) upon such earlier Maturity Date, the participations of the Terminating Lender
in all then outstanding Letters of Credit shall be reallocated among the other Lenders and/or cash collateralized in the same manner
as contemplated by Section 2.23(b) and (ii) subject to implementation of clause (i), the participation of the Terminating Lender
in each then outstanding Letter of Credit shall terminate.

 

Section 2.25.     
Expansion Option. The Company may from time to time elect to increase the Commitments or enter into
one or more tranches of term loans (each an “Incremental Term Loan”), in each case in minimum increments of $10,000,000,
so long as, after giving effect thereto, the aggregate amount of such increases and all such Incremental Term Loans does not exceed $1,000,000,000.
The Company may arrange for any such increase or tranche to be provided by one or more Lenders (each Lender so agreeing to an increase
in its Commitment, or to participate in such Incremental Term Loans, an “Increasing Lender”), or by one or more new
banks, financial institutions or other entities (each such new bank, financial institution or other entity, a “New Lender”;
provided that no Ineligible Institution may be a New Lender), which agree to increase their existing Commitments, or to participate
in such Incremental Term Loans, or provide new Commitments, as the case may be; provided that (i) each New Lender shall be
subject to the approval of the Company, the Administrative Agent, and in the case of an increase in the Commitments, each Issuing Bank
and each Swingline Lender (each such consent, not to be unreasonably withheld, conditioned or delayed) and (ii) (x) in the case
of an Increasing Lender, the Company and such Increasing Lender execute an Increasing Lender Supplement, and (y) in the case of
a New Lender, the Company and such New Lender execute a New Lender Supplement. No consent of any Lender (other than the Lenders participating
in the increase or any Incremental Term Loan) shall be required for any increase in Commitments or Incremental Term Loan pursuant to
this Section 2.25. Increases and new Commitments and Incremental Term Loans created pursuant to this Section 2.25 shall become
effective on the date agreed by the Company, the Administrative Agent and the relevant Increasing Lenders or New Lenders, and the Administrative
Agent shall notify each Lender thereof. Notwithstanding the foregoing, no increase in the Commitments (or in the Commitment of any Lender)
or tranche of Incremental Term Loans shall become effective under this paragraph unless, (i) on the proposed date of the effectiveness
of such increase or Incremental Term Loans, (A) the conditions set forth in paragraphs (a) and (b) of Section 4.02
shall be satisfied or waived by the Required Lenders and the Administrative Agent shall have received a certificate to that effect dated
such date and executed by a Financial Officer of the Company and (B) the Company shall be in compliance (on a pro forma basis) with
the covenant contained in Section 7.01 and (ii) the Administrative Agent shall have received (x) documents and opinions consistent
with those delivered on the Effective Date as to the organizational power and authority of the Borrowers to borrow hereunder after giving
effect to such increase or Incremental Term Loans, as the case may be and (y) a reaffirmation from the Company; provided that,
with respect to any Incremental Term Loans incurred for the purpose of financing an acquisition for which the Company has determined,
in good faith, that limited conditionality is reasonably necessary (any such acquisition, a “Limited Conditionality Acquisition”
and such Incremental Term Loans, “Acquisition-Related Incremental Term Loans”), (x) clause (i)(A) of this sentence
shall be deemed to have been satisfied so long as (1) as of the date of execution of the definitive acquisition documentation in respect
of a Limited Conditionality Acquisition (a “Limited Conditionality Acquisition Agreement”) by the parties thereto,
no Default or Event of Default shall have occurred and be continuing or would result from entry into such documentation, (2) as of the
date of the borrowing of such Acquisition-Related Incremental Term Loans, no Event of Default under paragraph (b), (c), (g) or (h) of
Article 8 is in existence immediately before or immediately after giving effect (including on a pro forma basis) to such borrowing
and to any concurrent transactions and any substantially concurrent use of proceeds thereof, (3) the representations and warranties set
forth in Article 3 shall be true and correct in all material respects (except to the extent such representation or warranty is
already qualified by materiality or Material Adverse Effect, in which case, in all respects) as of the date of execution of the applicable
Limited Conditionality Acquisition Agreement by the parties thereto, except to the extent any such representation and warranty expressly
relates to an earlier date in which case such representation and warranty shall be true and correct in all material respects as of such
earlier date (except to the extent such representation or warranty is already qualified by materiality or Material Adverse Effect, in
which case, in all respects) as of such earlier date and (4) as of the date of the borrowing of such Acquisition-Related Incremental
Term Loans, customary “Sungard” representations and warranties (with such representations and warranties to be reasonably
determined by the Lenders providing such Acquisition-Related Incremental Term Loans) shall be true and correct in all material respects
(except to the extent such representation or warranty is already qualified by materiality or Material Adverse Effect, in which case,
in all respects) immediately prior to, and immediately after giving effect to, the incurrence of such Acquisition-Related Incremental
Term Loans, except to the extent any such representation and warranty expressly relates to an earlier date in which case such representation
and warranty shall be true and correct in all material respects as of such earlier date (except to the extent such representation or
warranty is already qualified by materiality or Material Adverse Effect, in which case, in all respects) as of such earlier date and
(y) clause (i)(B) of this sentence shall be deemed to have been satisfied so long as the Company shall be in compliance (on a pro forma
basis) with the covenant contained in Section 7.01 as of the date of execution of the related Limited Conditionality Acquisition Agreement
by the parties thereto. On the effective date of any increase in the Commitments or any Incremental Term Loans being made, (i) each
relevant Increasing Lender and New Lender shall make available to the Administrative Agent such amounts in immediately available funds
as the Administrative Agent shall determine, for the benefit of the other Lenders, as being required in order to cause, after giving
effect to such increase and the use of such amounts to make payments to such other Lenders, each Lender’s portion of the outstanding
Revolving Loans of all the Lenders to equal its Applicable Percentage of such outstanding Revolving Loans, and (ii) the Borrowers
shall be deemed to have repaid and reborrowed all outstanding Revolving Loans as of the date of any increase in the Commitments (with
such reborrowing to consist of the Types of Revolving Loans, with related Interest Periods if applicable, specified in a notice delivered
by the applicable Borrower, or the Company on behalf of the applicable Borrower, in accordance with the requirements of Section 2.03).
The deemed payments made pursuant to clause (ii) of the immediately preceding sentence shall be accompanied by payment of all accrued
interest on the amount prepaid and, in respect of each Term Benchmark Loan, shall be subject to indemnification by the Borrowers pursuant
to the provisions of Section 2.15 if the deemed payment occurs other than on the last day of the related Interest Periods. The Incremental
Term Loans (a) shall rank pari passu in right of payment with the Revolving Loans, (b) shall not mature earlier than the
Maturity Date (but may have amortization prior to such date) and (c) shall be treated substantially the same as (and in any event
no more favorably than) the Revolving Loans; provided that (i) the terms and conditions applicable to any tranche of Incremental
Term Loans maturing after the Maturity Date may provide for material additional or different financial or other covenants or prepayment
requirements applicable only during periods after the Maturity Date and (ii) the Incremental Term Loans may be priced differently
than the Revolving Loans. Incremental Term Loans may be made hereunder pursuant to an amendment or restatement (an “Incremental
Term Loan Amendment”) of this Agreement and, as appropriate, the other Loan Documents, executed by the Borrowers, each Increasing
Lender participating in such tranche, each New Lender participating in such tranche, if any, and the Administrative Agent. The Incremental
Term Loan Amendment may, without the consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents
as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent, to effect the provisions of this Section 2.25.
Nothing contained in this Section 2.25 shall constitute, or otherwise be deemed to be, a commitment on the part of any Lender
to increase its Commitment hereunder, or provide Incremental Term Loans, at any time.

 

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Article
3

Representations and Warranties

 

The Company and each Original Subsidiary Borrower
represents and warrants as of the Effective Date (and as of each subsequent date required under Section 4.02) to the Administrative Agent
and the Lenders that:

 

Section 3.01.     
Organization; Powers. It and each Significant Subsidiary (a) is duly organized, validly existing
and in good standing under the laws of the jurisdiction of its organization, (b) has all requisite power and authority to own its
property and assets and to carry on its business as now conducted and as proposed to be conducted, except where the failure to have such
power and authority could not reasonably be expected to result in a Material Adverse Effect, (c) is qualified to do business in
every jurisdiction where such qualification is required, except where the failure so to qualify could not reasonably be expected to result
in a Material Adverse Effect, and (d) has the power and authority to execute, deliver and perform its obligations under each Loan
Document to which it is a party and under each other agreement or instrument contemplated thereby to which it is or will be a party and,
in the case of any Borrower, to borrow hereunder.

 

Section 3.02.     
Authorization. The Transactions (a) have been duly authorized by all requisite corporate, partnership,
limited liability company or analogous and, if required, stockholder, partner, member or analogous action and (b) will not (i) materially
violate any provision of law, statute, rule or regulation, or of the certificate or articles of incorporation or other constitutive documents
or by-laws of any Credit Party or any Significant Subsidiary, (ii) materially violate any order of any Governmental Authority or (iii)
materially violate any provision of any material indenture, agreement or other instrument to which any Credit Party or any Significant
Subsidiary is a party or by which any of them or any of their property is or may be bound, (iv) be in material conflict with, result
in a material breach of or constitute (alone or with notice or lapse of time or both) a material default under any such indenture, agreement
or other instrument or (v) result in the creation or imposition of any Lien upon any property or assets of any Credit Party or any Significant
Subsidiary (other than under any Loan Document).

 

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Section 3.03.     
Enforceability. This Agreement has been duly executed and delivered by the Company and each Original
Subsidiary Borrower and constitutes, and each other Loan Document to which any Credit Party is party, when executed and delivered by
such Credit Party, will constitute, a legal, valid and binding obligation of each such Credit Party enforceable against each such Credit
Party in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting
creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity
or at law. The Loans and all other obligations or liabilities of the Company and each other Borrower hereunder shall not be subordinated
in right of payment to any other Indebtedness of the Company or such Borrower, respectively (it being understood that secured obligations
of the Company or any other Borrower have, by virtue of such security, a prior claim on the related collateral).

 

Section 3.04.     
Governmental Approvals. No action, consent or approval of, registration or filing with or other
action by any Governmental Authority to be made or obtained by any Credit Party is or will be required in connection with the Transactions,
except such as will have been made or obtained on or before the Amendment No. 1 Effective Date and thereafter will be in full force and
effect and any informational filing with the Securities and Exchange Commission.

 

Section 3.05.     
Financial Statements. (a) The Company has heretofore furnished to the Lenders (i) its Consolidated
balance sheet and related Consolidated statements of earnings, cash flows and shareholders’ equity as of and for the fiscal year
ended December 31, 2021, audited by and accompanied by the opinion of Pricewaterhouse Coopers LLP, independent public accountants
and (ii) its Consolidated balance sheet and related Consolidated statements of earnings and cash flows as of and for the fiscal quarters
ended March 31, 2022 and June 30, 2022, certified by its chief financial officer. Such financial statements present fairly in all material
respects the financial position of the Company and its Consolidated Subsidiaries as of such dates and their results of operations and
cash flows for such periods. Such statements of financial position and the notes thereto disclose all material liabilities, direct or
contingent, of the Company and its Consolidated Subsidiaries as of the dates thereof required to be disclosed under GAAP. Such financial
statements were prepared in accordance with GAAP applied on a consistent basis.

 

(b)        
Since December 31, 2021, there has been no material adverse change in the business, assets, property or financial condition of
the Company and its Subsidiaries taken as whole (excluding, for the avoidance of doubt, changes or effects directly arising out of or
otherwise directly related to the impact of the COVID-19 pandemic on the Company’s operations, as described in any Form 10-K, Form
10-Q or Form 8-K filed by the Company with the Securities and Exchange Commission prior to the Amendment No. 1 Effective Date).

 

Section 3.06.     
Litigation; Compliance with Laws. (a) There are not any actions, suits, proceedings or governmental
investigations at law or in equity or by or before any Governmental Authority now pending or, to the knowledge of the Company or Original
Subsidiary Borrower, threatened in writing against the Company or any Subsidiary or any business, property or rights of any such Person
(i) which involve the Loan Documents or the Transactions or (ii) as to which there is a reasonable possibility of an adverse determination
which could, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect.

 

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(b)        
Neither the Company nor any of the Subsidiaries is in violation of any law, rule or regulation (including, without limitation,
any Environmental Law, the Trading with the Enemy Act of the United States of America (as amended), any of the foreign assets control
regulations of the United States Treasury Department (as amended) and the Patriot Act), or in default with respect to any judgment, writ,
injunction or decree of any Governmental Authority, where such violation or default could reasonably be expected to result in a Material
Adverse Effect.

 

Section 3.07.     
Federal Reserve Regulations. The making of the Loans hereunder and the use of the proceeds thereof
as contemplated hereby will not violate or be inconsistent with Regulation U or Regulation X. After application of the proceeds of any
Loan, not more than 25% of the assets of the Company and its Subsidiaries taken as a whole will be represented by margin stock (within
the meaning of Regulation U).

 

Section 3.08.     
No Regulatory Restrictions on Borrowing. Neither the Company nor any other Borrower is (a) an “investment
company” as defined in, or subject to regulation under, the Investment Company Act of 1940, as amended, or (b) subject to any other
applicable regulatory scheme which restricts its ability to incur the indebtedness to be incurred hereunder.

 

Section 3.09.     
[Reserved].

 

Section 3.10.     
[Reserved].

 

Section 3.11.     
[Reserved].

 

Section 3.12.     
Beneficial Ownership Certification. As of the Effective Date, to the best knowledge of the Borrower,
the information included in the Beneficial Ownership Certification provided on or prior to the Effective Date to any Lender in connection
with this Agreement is true and correct in all material respects.

 

Section 3.13.     
Anti-Corruption Laws and Sanctions. Each of the Credit Parties has implemented and maintains in
effect policies and procedures designed to promote and achieve compliance by the Credit Parties and their respective subsidiaries, directors,
officers, employees and agents with Anti-Corruption Laws and applicable Sanctions, and each of the Credit Parties, their respective subsidiaries
and their respective officers and employees and, to the knowledge of the executive officers of each Credit Party, its directors and agents
are in compliance with Anti-Corruption Laws and applicable Sanctions, in each case in all material respects. None of (a) the Credit Parties
or any of their respective subsidiaries or, to the knowledge of the applicable Credit Party, any of their respective directors, officers
or employees, or (b) to the knowledge of the Credit Parties, any agent of the Credit Parties or any of their respective subsidiaries
that will act in any capacity in connection with or directly benefit from the credit facility established hereby, is a Sanctioned Person.
No Borrowing or use of proceeds thereof by any Credit Party will violate Anti-Corruption Laws or applicable Sanctions.

 

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Article
4

Conditions

 

Section 4.01.     
Effective Date. The obligations of the Lenders to make Loans and of the Issuing Banks to issue Letters
of Credit hereunder shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance
with Section 12.02):

 

(a)        
The Administrative Agent (or its counsel) shall have received from each party hereto a counterpart of this Agreement signed on
behalf of such party (which, subject to Section 12.06, may include any Electronic Signatures transmitted by telecopy, emailed .pdf or
any other electronic means that reproduces an image of an actual executed signature page).

 

(b)        
The Administrative Agent shall have received a favorable written opinion (addressed to the Administrative Agent and the Lenders
and dated the Effective Date) of Foley & Lardner LLP, special New York counsel for the Company, substantially in the form of Exhibit
B-1, internal counsel to the Company, substantially in the form of Exhibit B-2, internal counsel to the Original Subsidiary Borrower
organized under the laws of the United Kingdom, substantially in the form of Exhibit B-3A and internal counsel to the Original Subsidiary
Borrower organized under the laws of the Netherlands, substantially in the form of Exhibit B-3B, in each case covering such other matters
relating to the Credit Parties, the Loan Documents or the Transactions as the Administrative Agent shall reasonably request. The Company
and each Original Subsidiary Borrower hereby requests such counsel to deliver such opinions.

 

(c)        
The Administrative Agent shall have received such documents and certificates as the Administrative Agent or its counsel may reasonably
request relating to the organization, existence and good standing of the Borrowers, the authorization of the Transactions and any other
legal matters relating to the Borrowers, the Loan Documents or the Transactions, all in form and substance reasonably satisfactory to
the Administrative Agent and its counsel.

 

(d)        
The Administrative Agent shall have received a certificate, dated the Effective Date and signed by the President, a Vice President
or a Financial Officer of the Company, confirming compliance with the conditions set forth in paragraphs (a) and (b) of Section
4.02.

 

(e)        
The Administrative Agent shall have received all fees and other amounts due and payable on or prior to the Effective Date, including,
to the extent invoiced reasonably in advance of the Effective Date, reimbursement or payment of all out-of-pocket expenses required
to be reimbursed or paid by the Borrowers under the Loan Documents.

 

(f)         
(i) The Lenders shall have received all documentation and other information reasonably requested by such Lender in writing at
least five (5) days prior to the Effective Date in order to allow it to comply with applicable “know your customer” and anti-money
laundering rules and regulations with respect to each Credit Party and (ii) to the extent a Borrower qualifies as a “legal entity
customer” under the Beneficial Ownership Regulation, at least five (5) days prior to the Effective Date, any Lender that has reasonably
requested a Beneficial Ownership Certification at least ten (10) days prior to the Effective Date in relation to such Borrower shall
have received such Beneficial Ownership Certification (provided that, upon the execution and delivery by such Lender of its signature
page to this Agreement, the conditions set forth in this clause (f) shall be deemed to be satisfied).

 

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The Administrative Agent shall notify the Company
and the Lenders of the Effective Date, and such notice shall be conclusive and binding. In the event that any Loans are to be made on
the Effective Date substantially simultaneously with the effectiveness of this Agreement, such Loans and the repayment of the “Loans”
(if any) under the Existing Credit Agreement shall be effected, to the maximum extent practicable, through the netting of amounts payable
between the relevant Borrowers and the respective Lenders with a view toward minimizing breakage costs and transfers of funds.

 

Section 4.02.     
Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing,
and of each Issuing Bank to issue, amend to increase the amount of or extend any Letter of Credit, is subject to the satisfaction of
the following conditions:

 

(a)        
The representations and warranties of each Credit Party set forth in each Loan Document to which it is party (other than those
set forth in Section 3.05(b) and Section 3.06(a)(ii)) shall be true and correct in all material respects (except to the extent such representation
or warranty is already qualified by materiality or Material Adverse Effect, in which case, in all respects) on and as of the date of
such Borrowing or the date of issuance, amendment to increase the amount of or extension of such Letter of Credit, as applicable, except
to the extent any such representation and warranty expressly relates to an earlier date in which case such representation and warranty
shall be true and correct in all material respects as of such earlier date (except to the extent such representation or warranty is already
qualified by materiality or Material Adverse Effect, in which case, in all respects).

 

(b)        
At the time of and immediately after giving effect to such Borrowing or the issuance, amendment to increase the amount of or extension
of such Letter of Credit, as applicable, no Default shall have occurred and be continuing.

 

(c)        
Receipt by the Administrative Agent of a Borrowing Request in accordance with Section 2.03 or Section 2.04, as applicable.

 

Each Loan and each issuance, amendment to increase the amount of or
extension of a Letter of Credit shall be deemed to constitute a representation and warranty by the Borrower on the date thereof as to
the matters specified in paragraphs (a) and (b) of this Section.

 

Section 4.03.     
First Borrowing by Each Eligible Subsidiary. The obligation of each Lender to make a Loan, and the
obligation of each Issuing Bank to issue a Letter of Credit, on the occasion of the first Borrowing by or issuance of a Letter of Credit
for the account of each Eligible Subsidiary is subject to the satisfaction of the following further conditions:

 

(a)        
Receipt by the Administrative Agent of an opinion of counsel for such Eligible Subsidiary reasonably acceptable to the Administrative
Agent, substantially to the effect of Exhibit C hereto and covering such other matters relating to the transactions contemplated
hereby as the Required Lenders may reasonably require.

 

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(b)        
 Receipt by the Administrative Agent of all documents which it may reasonably request relating to the existence of such Eligible
Subsidiary, the corporate authority for and the validity of the Election to Participate of such Eligible Subsidiary and this Agreement
of such Eligible Subsidiary, and any other matters relevant thereto, all in form and substance reasonably satisfactory to the Administrative
Agent.

 

(c)        
Receipt by each Lender not less than five Business Days prior to the date of such Borrowing or issuance of all documentation and
other information reasonably requested in writing by such Lender in order to allow it to comply with applicable “know your customer”
and anti-money laundering rules and regulations with respect to such Eligible Subsidiary (including in connection with the Patriot Act
and the Beneficial Ownership Regulation).

 

(d)        
Receipt by the Administrative Agent of a Borrowing Request in accordance with Section 2.03 or Section 2.04, as applicable.

 

Article
5

Affirmative Covenants

 

Until the Commitments have expired or been terminated
and the principal of and interest on each Loan and all fees payable hereunder shall have been paid in full and all Letters of Credit
shall have expired or terminated (other than those backed by a standby letter of credit or cash collateralized, in each case in amounts
and on terms satisfactory to the Issuing Bank and the Administrative Agent) and all LC Disbursements shall have been reimbursed, the
Company covenants and agrees with the Lenders that it will, and will cause each of its Subsidiaries or Significant Subsidiaries, as appropriate,
to:

 

Section 5.01.     
Existence; Businesses and Properties. (a) Do or cause to be done all things necessary to preserve,
renew and keep in full force and effect its legal existence, except (i) in the case of each Subsidiary that is not a Borrower to the
extent that the failure to take any such action could not reasonably be expected to have a Material Adverse Effect or (ii) as otherwise
expressly permitted under Section 6.02.

 

(b)        
Do or cause to be done all things necessary to (i) obtain, preserve, renew, extend and keep in full force and effect the rights,
licenses, permits, franchises, authorizations, patents, copyrights, trademarks and trade names (as applicable) material to the conduct
of its business, (ii) comply in all material respects with all applicable laws, rules, regulations and orders of any Governmental Authority,
whether now in effect or hereafter enacted, and (iii) at all times maintain and preserve all property material to the conduct of such
business and keep such property in good repair, working order and condition (ordinary wear and tear excepted) and from time to time make,
or cause to be made, all needful and proper repairs, renewals, additions, improvements and replacements thereto necessary in order that
the business carried on in connection therewith may be properly conducted at all times, except in the case of clauses (i), (ii)
and (iii) above, to the extent that the failure to do so could not reasonably be expected to result in a Material Adverse Effect.

 

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Section 5.02.     
Insurance. In the case of the Company and each Significant Subsidiary, keep its insurable properties
insured at all times in such amounts (with no greater risk retention) and against such risks as are customarily maintained by companies
of established repute engaged in the same or similar businesses operating in the same or similar locations (including without limitation
by the maintenance of self-insurance to the extent consistent with industry practice), and maintain such other insurance, to such extent
and against such risks, including fire and other risks insured against by extended coverage, as is customary with companies in the same
or similar businesses, including public liability insurance against claims for personal injury or death or property damage occurring
upon, in, about or in connection with the use of any properties owned, occupied or controlled by it, except in each case to the extent
that the failure to do so could not in the aggregate reasonably be expected to result in a Material Adverse Effect.

 

Section 5.03.     
Taxes. In the case of the Company and each Significant Subsidiary, pay and discharge all income
and other material taxes, assessments and governmental charges or levies imposed upon it or upon its income or profits or in respect
of its property, before the same shall become delinquent or in default; provided that such payment and discharge shall not be required
with respect to any such tax, assessment, charge or levy so long as the validity or amount thereof shall be contested in good faith by
appropriate action and the Company or such Significant Subsidiary shall, to the extent required by GAAP, set aside on its books adequate
reserves with respect thereto, except in each case, to the extent that the failure to do so could not in the aggregate reasonably be
expected to result in a Material Adverse Effect.

 

Section 5.04.     
Financial Statements, Reports, Etc. In the case of the Company, furnish to the Administrative Agent
(which will promptly furnish same to each Lender):

 

(a)        
within 90 days after the end of each fiscal year, its Consolidated balance sheet and related Consolidated statements of earnings,
cash flows and shareholders’ equity, showing the financial position of the Company and its Consolidated Subsidiaries as of the
close of such fiscal year and their results of operations and cash flows for such year, all audited by PricewaterhouseCoopers LLP or
other independent public accountants of recognized national standing and accompanied by an opinion of such accountants (which shall not
be qualified in any material respect except with the consent of the Required Lenders) to the effect that such Consolidated financial
statements fairly present in all material respects the financial position, results of operations and cash flows of the Company on a Consolidated
basis in accordance with GAAP consistently applied (except with respect to consistency as otherwise indicated therein), provided
that if the independent auditor’s report with respect to such consolidated financial statements is a combined report (that is,
one report containing both an opinion on such consolidated financial statements and an opinion on internal controls over financial reporting),
then such report may include a qualification or limitation relating to the Company’s system of internal controls over financial
reporting due to the exclusion of any acquired business from the management report on internal controls over financial reporting made
pursuant to Item 308 of Regulation S-K of the Securities and Exchange Commission, to the extent such exclusion is permitted under provisions
published by the Securities and Exchange Commission; provided further, if applicable, the independent auditor’s report may
contain references to independent audits performed by other independent public accountants of recognized national standing as contemplated
by AU Section 543, Part of Audit Performed by Other Independent Auditors, or any successor standard under GAAP.

 

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(b)        
 within 45 days after the end of each of the first three fiscal quarters of each fiscal year, its Consolidated balance sheet and
related Consolidated statements of earnings and cash flows showing the financial position of the Company and its Consolidated Subsidiaries
as of the close of such fiscal quarter and their results of operations for such fiscal quarter and the then elapsed portion of the fiscal
year and their cash flows for the then elapsed portion of the fiscal year, all certified by one of its Financial Officers as fairly presenting
in all material respects the financial position, results of operations and cash flows of the Company on a Consolidated basis in accordance
with GAAP consistently applied (except with respect to consistency as otherwise indicated therein), subject to normal year-end audit
adjustments and the absence of footnotes;

 

(c)        
concurrently with any delivery of financial statements under paragraph (a) or (b) above, a certificate, substantially in the form
of Exhibit F hereto, of a Financial Officer (i) certifying that no Default has occurred and is continuing or, if a Default has occurred
and is continuing, specifying the nature and extent thereof and any corrective action taken or proposed to be taken with respect thereto
and (ii) setting forth computations in reasonable detail reasonably satisfactory to the Administrative Agent demonstrating compliance
with the covenants contained in Section 7.01;

 

(d)        
promptly after the same become publicly available, copies of all periodic and other reports, proxy statements and other materials
filed by it with the Securities and Exchange Commission, or any Governmental Authority succeeding to any of or all the functions of such
Commission, or with any national securities exchange, or distributed to its shareholders generally, as the case may be; and

 

(e)        
promptly, from time to time, (x) such other information regarding the operations, business affairs and financial condition of
the Company or any Subsidiary, or compliance with the terms of the Loan Documents, as the Administrative Agent, at the request of any
Lender, may reasonably request and (y) information and documentation reasonably requested by the Administrative Agent or any Lender for
purposes of compliance with applicable “know your customer” and anti-money laundering rules and regulations, including the
Patriot Act and the Beneficial Ownership Regulation (it being understood and agreed that neither the Company nor any of its Subsidiaries
shall be required to disclose or discuss, or permit the inspection, examination or making of extracts of, any records, books, information
or account or other matter (1) in respect of which disclosure to the Administrative Agent, any Lender or their representatives is then
prohibited by applicable law or any agreement binding on the Company or its Subsidiaries, (2) that is protected from disclosure by the
attorney-client privilege or the attorney work product privilege or (3) constitutes non-financial trade secrets or non-financial proprietary
information).

 

Information required to be delivered pursuant to paragraphs 5.04(a),
5.04(b) or 5.04(d) above shall be deemed to have been delivered on the date on which (x) such information has been posted on the Internet
by the Securities and Exchange Commission at https://www.sec.gov/edgar/searchedgar/webusers.htm (or any successor website) or
(y) the Company provides notice to the Administrative Agent that such information has been posted on the Company’s website on the
Internet at www.cummins.com or at another website identified in such notice and accessible by the Lenders without charge; provided
that (i) such notice may be included in a certificate delivered pursuant to paragraph 5.04(c) and (ii) the Borrower shall deliver
paper copies of the information referred to in paragraphs 5.04(a) or 5.04(b) to any Lender which requests such delivery. Notwithstanding
the above, if any report, certificate or other information required under this Section 5.04 is due on a day that is not a Business
Day, then such report, certificate or other information shall be required to be delivered on the first day after such day that is a Business
Day.

 

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Section 5.05.     
Litigation and Other Notices. In the case of the Company, furnish to the Administrative Agent (which
will promptly notify each Lender) prompt written notice of the following:

 

(a)        
any Default of which an executive officer of the Company has knowledge, specifying the nature and extent thereof and the corrective
action (if any) proposed to be taken with respect thereto;

 

(b)        
the filing or commencement of, or any written threat or notice of intention of any Person to file or commence, any action, suit
or proceeding, whether at law or in equity or by or before any Governmental Authority, against the Company or any Affiliate thereof as
to which there is a reasonable possibility of an adverse determination and which, if adversely determined, could reasonably be expected
to result in a Material Adverse Effect;

 

(c)        
the occurrence of any ERISA Event that, alone or together with any other ERISA Events which have occurred, could reasonably be
expected to result in a Material Adverse Effect;

 

(d)        
any development that has resulted in, or could reasonably be expected to result in, a Material Adverse Effect;

 

(e)        
any change, following the effectiveness thereof, in the Company’s senior unsecured debt rating from S&P or Moody’s
or in its corporate credit rating from S&P; and

 

(f)         
any change in the information provided in the Beneficial Ownership Certification delivered to such Lender that would result in
a change to the list of beneficial owners identified in such certification.

 

Section 5.06.     
Maintaining Records; Access to Properties and Inspections. In the case of the Company and each Significant
Subsidiary, maintain all financial records in a manner sufficient to be able to prepare financial statements in accordance with GAAP
and permit any representatives designated by the Administrative Agent or any Lender, upon reasonable prior notice, to visit and inspect
the financial records and the properties of the Company or any Significant Subsidiary at reasonable times and as often as reasonably
requested and to make extracts from and copies of such financial records, and permit any representatives designated by any Administrative
Agent or any Lender to discuss the affairs, finances and condition of the Company or any Significant Subsidiary with the officers thereof
and independent accountants therefor; provided that (i) the Company or such Significant Subsidiary may require that a representative
appointed by it be present at such inspections or discussions, (ii) the obligations of the Company and its Significant Subsidiaries under
this Section are subject to, and the Administrative Agent and any such Lender shall comply with, all applicable confidentiality restrictions,
(iii) unless an Event of Default has occurred and is continuing, the Company and its Significant Subsidiaries, taken as a
whole, shall only be required to reimburse the Administrative Agent and each Lender in the aggregate for the expenses incurred by the
Administrative Agent and each Lender for one such visit and inspection by the Administrative Agent and each Lender in any calendar year
and (iv) it is understood and agreed that neither the Company nor any of its Subsidiaries shall be required to disclose or discuss, or
permit the inspection, examination or making of extracts of, any records, books, information or account or other matter (1) in respect
of which disclosure to the Administrative Agent, any Lender or their representatives is then prohibited by applicable law or any agreement
binding on the Company or its Subsidiaries, (2) that is protected from disclosure by the attorney-client privilege or the attorney work
product privilege or (3) constitutes non-financial trade secrets or non-financial proprietary information.

 

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Section 5.07.     
Use of Proceeds and Letters of Credit. Use the proceeds of the Loans and request the issuance of
Letters of Credit only for the general corporate purposes of the Company and its Subsidiaries. The Company and its Subsidiaries are not
engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation
U). No part of the proceeds of any Loan will be used, whether directly or indirectly, (a) for any purpose that entails a violation of
any of the Regulations of the Board, including Regulation T, Regulation U and Regulation X, or (b) in any hostile acquisition
of another Person. None of the Credit Parties will request any Borrowing or Letter of Credit, and none of the Credit Parties shall use,
and each of the Credit Parties shall procure that none of its subsidiaries nor its or their respective directors, officers, employees
and agents shall use, the proceeds of any Borrowing or Letter of Credit (A) in furtherance of an offer, payment, promise to pay, or authorization
of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose
of funding or financing any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in each
case to the extent such activities, business or transaction would violate Sanctions if conducted by a company organized in the United
States or by a company organized in a European Union member state or the United Kingdom, or (C) in any other manner that would result
in liability to any Lender, the Administrative Agent, any Issuing Bank or any Swingline Lender under any applicable Sanctions or the
violation of any Sanctions by any Lender, the Administrative Agent, any Issuing Bank or any Swingline Lender.

 

Section 5.08.     
Compliance with Laws. Comply with all applicable laws, statutes, rules and regulations, including
Environmental Laws, and obtain, maintain and comply with any and all licenses, approvals, notifications, registrations or permits required
by such applicable laws, statutes, rules and regulations except to the extent that, in any such case, failure to do so could not be reasonably
expected to have a Material Adverse Effect. Each of the Credit Parties will maintain in effect and enforce policies and procedures designed
to promote and achieve compliance by the Credit Parties and each of their respective subsidiaries and their respective directors, officers,
employees and agents with Anti-Corruption Laws and applicable Sanctions, in each case in all material respects.

 

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Article
6

Negative Covenants

 

Until the Commitments have expired or terminated
and the principal of and interest on each Loan and all fees payable hereunder have been paid in full and all Letters of Credit have expired
or terminated (other than those backed by a standby letter of credit or cash collateralized, in each case in amounts and on terms satisfactory
to the Issuing Bank and the Administrative Agent ) and all LC Disbursements shall have been reimbursed, the Company covenants and agrees
with the Lenders that it will not, and will not cause or permit any of its Subsidiaries to:

 

Section 6.01.     
Negative Pledge. Create, incur, assume or permit to exist any Lien on any property or assets (including
stock or other securities of Subsidiaries) now owned or hereafter acquired by it or on any income or rights in respect of any thereof,
except:

 

(a)        
Liens imposed by law for taxes, assessments, governmental charges or levies that are not yet due or are being contested by proper
action and for which adequate reserves in accordance with GAAP are established;

 

(b)        
carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s and other like Liens imposed by
law, arising in the ordinary course of business and securing obligations that are not overdue by more than 30 days or are being contested
in compliance with Section 5.03;

 

(c)        
pledges and deposits and other Liens made in the ordinary course of business in compliance with workers’ compensation, unemployment
insurance and other social security laws or regulations;

 

(d)        
Liens (including deposits) to secure the performance of bids, tenders, trade contracts, leases, statutory obligations, surety
and appeal bonds, performance bonds and other obligations of like nature, in each case in the ordinary course of business;

 

(e)        
easements, zoning restrictions, rights-of-way and similar encumbrances on real property imposed by law or arising in the ordinary
course of business that do not secure any monetary obligations and do not materially detract from the value of the affected property
or interfere materially with the ordinary conduct of business of the Company or any Subsidiary;

 

(f)         
any Lien existing on any property or asset prior to the acquisition thereof by the Company or any Subsidiary; provided
that (i) such Lien is not created in contemplation of or in connection with such acquisition and (ii) such Lien does not apply to any
other property or assets of the Company or any Subsidiary;

 

(g)        
Liens (including deposits) in connection with self-insurance;

 

(h)        
judgment or other similar Liens in connection with legal proceedings in an aggregate principal amount (net of any amount of a
judgment if and for so long as (A) the amount of such judgment is covered by a valid and binding policy of insurance between the defendant
and the insurer covering payment thereof and (B) such insurer, which shall be rated at least “A” by A.M. Best Company, has
been notified of, and has not disputed the claim made for payment of, the amount of such judgment) not to exceed $325,000,000; provided
that the execution or other enforcement of such Liens is effectively stayed and the claims secured thereby are being actively contested
in good faith by appropriate action;

 

(i)          
Liens arising in connection with advances or progress payments under government contracts;

 

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(j)          Liens
on assets of Subsidiaries securing Indebtedness payable to the Company or any Wholly-Owned Consolidated Subsidiary;

 

(k)        
Liens on cash and cash equivalents deposited to discharge, defease and/or redeem Indebtedness in accordance with the terms thereof;

 

(l)          [Reserved];

 

(m)       
Liens securing Indebtedness other than Indebtedness described in paragraphs (a) through (l) above, to the extent and only to the
extent that the aggregate amount of Priority Indebtedness shall not exceed the greater of (x) $3,500,000,000 and (y) 12.5% of the Consolidated
assets of the Company and its Consolidated Subsidiaries as reflected in the annual or quarterly report then most recently filed by the
Company with the Securities and Exchange Commission, determined at the time such Liens are granted and at the time of any subsequent
incurrence of Indebtedness secured thereby;

 

(n)        
Liens arising from leases, subleases or licenses granted to others which do not interfere in any material respect with the business
of the Company or any of the Subsidiaries;

 

(o)        
Liens in respect of an agreement to dispose of any asset, to the extent such disposal is permitted by this Agreement;

 

(p)        
Liens arising under any retention of title arrangements entered into in the ordinary course of business or over goods or documents
of title to goods arising in the ordinary course of documentary credit transactions;

 

(q)        
Liens arising due to any cash pooling, netting or composite accounting arrangements between any one or more of the Company and
any of the Subsidiaries or between any one or more of such entities and one or more banks or other financial institutions where any such
entity maintains deposits;

 

(r)         
customary rights of set off, revocation, refund or chargeback or similar rights under deposit disbursement, concentration account
agreements or under the Uniform Commercial Code (or comparable foreign law) or arising by operation of law of banks or other financial
institutions where the Company or any of the Subsidiaries maintains deposit, disbursement or concentration accounts in the ordinary course
of business;

 

(s)         the
replacement, extension or renewal of any Lien permitted by clause (f) above upon or in the same assets subject thereto or the replacement,
extension or renewal (to the extent the amount thereof is not increased) of the Indebtedness or other obligation secured thereby; and

 

(t)          Liens
on proceeds of any of the assets permitted to be the subject of any Lien or assignment permitted by this Section 6.01.

 

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Section 6.02.     
Mergers, Consolidations, and Sales of Assets. In the case of the Company and any other Borrower,
merge with or into or consolidate with any other Person, or permit any other Person to merge into or consolidate with it, or sell, transfer,
lease or otherwise dispose of (in one transaction or in a series of related transactions) all or substantially all of its assets, or
liquidate or dissolve or reorganize in a jurisdiction that is not an Approved Jurisdiction, except that, if at the time thereof
and immediately after giving effect thereto no Default shall have occurred and be continuing, (i) any Subsidiary or other Person may
merge into or consolidate with the Company in a transaction in which the Company is the surviving corporation, (ii) any Subsidiary that
is a Borrower may merge into or consolidate with any other Person in a transaction in which the surviving entity is a Wholly-Owned Consolidated
Subsidiary; provided that the surviving corporation shall be a Borrower organized under the laws of an Approved Jurisdiction,
and (iii) any Subsidiary may sell, transfer, lease or otherwise dispose of its assets to any other Person.

 

Section 6.03.     
Priority Indebtedness. In the case of Subsidiaries, incur, create, assume or permit to exist any
Priority Indebtedness if, immediately after giving effect to the incurrence thereof, the aggregate amount of Priority Indebtedness would
exceed the greater of (x) $3,500,000,000 and (y) 12.5% of the Consolidated assets of the Company and its Consolidated Subsidiaries as
reflected in the annual or quarterly report then most recently filed by the Company with the Securities and Exchange Commission.

 

Article
7

Financial Covenant

 

Section 7.01.     
Net Debt to Total Capital. The Company will not permit the ratio (the “Net Debt to Total
Capital Ratio”) of (a) Consolidated Net Debt to (b) Consolidated Total Capital, each determined as of the last day of each
fiscal quarter, to be greater than 0.65:1; provided that, at any time after the definitive agreement for any Material Acquisition
shall have been executed (or, in the case of a Material Acquisition in the form of a tender offer or similar transaction, after the offer
shall have been launched) and prior to the consummation of such Material Acquisition (or termination of the definitive documentation
in respect thereof (or such later date as such indebtedness ceases to constitute Acquisition Indebtedness as set forth in the definition
of “Acquisition Indebtedness”)), any Acquisition Indebtedness (and the proceeds of such Indebtedness) shall be excluded from
the determination of the Net Debt to Total Capital Ratio.

 

Article
8

Events of Default

 

If any of the following events (“Events
of Default”) shall occur:

 

(a)        
any representation or warranty made, or deemed made, in or pursuant to the Loan Documents, or any representation, warranty, statement
or information contained in any written report, certificate, financial statement or other instrument furnished by or on behalf of any
Credit Party in connection with or pursuant to the Loan Documents, shall prove to have been false or misleading in any material respect
when so made, deemed made or furnished;

 

(b)        
default shall be made in the payment of any principal of any Loan or any reimbursement obligation in respect of any LC Disbursement
when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or pursuant
to any provision of the Loan Documents or otherwise;

 

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(c)        
default shall be made in the payment of any interest on any Loan or any fee or any other amount (other than an amount referred
to in (b) above) due under the Loan Documents, when and as the same shall become due and payable, and such default shall continue unremedied
for a period of five Business Days;

 

(d)        
default shall be made in the due observance or performance by the Company or any Subsidiary of any covenant, condition or agreement
contained in Section 5.05(a), Section 5.07, Article 6 or Article 7 and such default shall continue unremedied for a period of five Business
Days after the earlier of (i) a Financial Officer of the Company becoming aware thereof and (ii) notice thereof from the Administrative
Agent or any Lender to the Company;

 

(e)        
default shall be made in the due observance or performance by the Company or any Subsidiary of any covenant, condition or agreement
contained in the Loan Documents (other than those specified in (b), (c) or (d) above) and such default shall continue unremedied for
a period of ten Business Days after notice thereof from the Administrative Agent or any Lender to the Company;

 

(f)         
the Company or any Subsidiary shall (i) fail to pay any of its Indebtedness (excluding Indebtedness owing to the Company or any
of its Subsidiaries) in excess of $140,000,000 in the aggregate when due and such failure shall continue after the applicable grace period,
if any, specified in the agreement or instrument relating to such Indebtedness or (ii) fail to observe or perform any term, covenant
or condition on its part to be observed or performed under any agreement or instrument relating to any such Indebtedness, when required
to be observed or performed, and such failure shall continue after the applicable grace period, if any, specified in such agreement or
instrument, if the effect of such failure is to accelerate, or permit the acceleration of, the maturity of such Indebtedness or such
Indebtedness has been accelerated and such acceleration has not been rescinded; or any amount of Indebtedness in excess of $140,000,000
shall be required to be prepaid, defeased, purchased or otherwise acquired by the Company or any Subsidiary (other than by a regularly
scheduled required prepayment and other than secured Indebtedness that becomes due as a result of the voluntary transfer of assets securing
such Indebtedness), prior to the stated maturity thereof; provided that none of the following shall give rise to an Event of Default:
(i) secured Indebtedness that becomes due as a result of the voluntary sale or transfer of assets securing such Indebtedness or a casualty
or similar event, (ii) mandatory prepayments or offers to purchase of Indebtedness in accordance with the documentation governing such
Indebtedness by reason of the receipt of net cash proceeds of (A) other Indebtedness, (B) dispositions (including, without limitation,
as the result of casualty events and governmental takings) or (C) equity issuances, or by reason of the generation of excess cash flow
in an amount equal to a percentage thereof, (iii) change of control offers made within 60 days after an acquisition with respect
to, and effectuated pursuant to, Indebtedness of an acquired Person or Indebtedness assumed by the Company or a Subsidiary pursuant to
a mandatory successor obligor clause under such Indebtedness in connection with the acquisition of all or substantially all of the assets
of a Person, (iv) any default under Indebtedness of an acquired business if such default is cured, or such Indebtedness is repaid,
within 60 days after the acquisition of such business so long as no other creditor accelerates or commences any kind of enforcement action
in respect of such Indebtedness, (v) prepayments required by the terms of Indebtedness as a result of customary provisions in respect
of illegality, replacement of lenders and gross-up provisions for Taxes, increased costs, capital adequacy and other similar customary
requirements and (vi) any voluntary prepayment, redemption or other satisfaction of Indebtedness that becomes mandatory in accordance
with the terms of such Indebtedness solely as the result of the Company or any Subsidiary delivering a prepayment, redemption or similar
notice with respect to such prepayment, redemption or other satisfaction;

 

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(g)        
an involuntary proceeding shall be commenced or an involuntary petition shall be filed in a court of competent jurisdiction seeking
(i) relief in respect of the Company or any Significant Subsidiary, or of a substantial part of the property or assets of the Company
or any Significant Subsidiary, under Title 11 of the United States Code, as now constituted or hereafter amended, or any other Federal,
state or foreign bankruptcy, insolvency, receivership or similar law, (ii) the appointment of a receiver, trustee, custodian, sequestrator,
conservator or similar official for the Company or any Significant Subsidiary, or for a substantial part of the property or assets of
the Company or any Significant Subsidiary, or (iii) the winding-up or liquidation of the Company or any Significant Subsidiary; and such
proceeding or petition shall continue undismissed for 60 days, or an order or decree approving or ordering any of the foregoing shall
be entered;

 

(h)        
the Company or any Significant Subsidiary shall (i) voluntarily commence any proceeding or file any petition seeking relief under
Title 11 of the United States Code, as now constituted or hereafter amended, or any other Federal, state or foreign bankruptcy, insolvency,
receivership or similar law, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding
or the filing of any petition described in (g) above, (iii) apply for or consent to the appointment of a receiver, trustee, custodian,
sequestrator, conservator or similar official for the Company or any Significant Subsidiary, or for a substantial part of the property
or assets of the Company or any Significant Subsidiary, (iv) file an answer admitting the material allegations of a petition filed against
it in any such proceeding, (v) make a general assignment for the benefit of creditors, (vi) admit in writing its inability or fail generally
to pay its debts as they become due or (vii) take any action for the purpose of authorizing any of the foregoing;

 

(i)          
one or more judgments for the payment of money in an aggregate amount in excess of $140,000,000 shall be rendered against the
Company, any Significant Subsidiary or any combination thereof and the same shall remain undischarged for a period of 30 consecutive
days during which execution shall not be effectively stayed; provided, however, that any such judgment shall not be included
in the calculation of the aggregate amount of judgments under this clause (i) if and for so long as (A) the amount of such judgment is
covered by a valid and binding policy of insurance between the defendant and the insurer covering payment thereof and (B) such insurer,
which shall be rated at least “A” by A.M. Best Company, has been notified of, and has not disputed the claim made for payment
of, the amount of such judgment;

 

(j)          
a Change in Control shall occur;

 

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(k)        
 the provisions of Article 11 shall cease to constitute valid, binding and enforceable obligations of the Company for any reason,
or any Credit Party shall have so asserted in writing; or

 

(l)          
an ERISA Event shall have occurred that, when taken together with all other ERISA Events that have occurred, could reasonably
be expected to result in a Material Adverse Effect;

 

then, and in every such event (other than an event with respect to
any Borrower described in paragraph (g) or (h) above), and at any time thereafter during the continuance of such event, the Administrative
Agent may with the consent of the Required Lenders, and shall at the request of the Required Lenders, by notice to the Company, take
any or all of the following actions, at the same or different times: (i) terminate forthwith the Commitments, (ii) declare the Loans
then outstanding to be forthwith due and payable, whereupon the principal of the Loans, together with accrued interest thereon and any
unpaid accrued fees and all other liabilities of any Borrower accrued hereunder, shall become forthwith due and payable, without presentment,
demand, protest or any other notice of any kind, all of which are hereby expressly waived by each Borrower, anything contained herein
to the contrary notwithstanding and (iii) require cash collateral for the LC Exposure in accordance with Section 2.05(k); and upon the
occurrence of any event described in paragraph (g) or (h) above with respect to any Borrower, the Commitments shall automatically
terminate and the principal of all Loans then outstanding and cash collateral for the LC Exposure, together with accrued interest thereon
and any unpaid accrued fees and all other liabilities of the Borrowers accrued hereunder, shall automatically become due and payable,
without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by each Borrower, anything
contained herein to the contrary notwithstanding.

 

Article
9

The Agents

 

Section 9.01.     
Appointment and Authorization of Administrative Agent. Each of the Lenders and each Issuing Bank
hereby irrevocably appoints the Administrative Agent as its agent and authorizes it to take such actions on its behalf and to exercise
such powers as are delegated to it by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental
thereto.

 

Section 9.02.     
Rights and Powers of Administrative Agent as a Lender. The bank serving as the Administrative Agent
hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it
were not the Administrative Agent, and such bank and its Affiliates may accept deposits from, lend money to and generally engage in any
kind of business with the Company or any Subsidiary or other Affiliate thereof as if it were not the Administrative Agent hereunder.

 

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Section 9.03.     
Limited Duties and Responsibilities of Administrative Agent. The Administrative Agent shall not
have any duties or obligations except those expressly set forth in the Loan Documents. Without limiting the generality of the foregoing,
(a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has
occurred and is continuing, (b) the Administrative Agent shall not have any duty to take any discretionary
action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby that the Administrative
Agent is required to exercise in writing as directed by the Required Lenders (or such other number or percentage of the Lenders as shall
be necessary under the circumstances as provided in Section 12.02) and (c) except as expressly set forth in any Loan Document, the Administrative
Agent shall not have any duty to disclose, and shall not be liable to any Lender for the failure to disclose, any information relating
to the Company or any of its Subsidiaries that is communicated to or obtained by the bank serving as Administrative Agent or any of its
Affiliates in any capacity. The Administrative Agent shall not be liable for any action taken or not taken by it with the consent or
at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances
as provided in Section 12.02) or in the absence of its own gross negligence or willful misconduct. The Administrative Agent shall be
deemed not to have knowledge of any Default unless and until written notice thereof is given to the Administrative Agent by the Company
or a Lender, and the Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement,
warranty or representation made in or in connection with any Loan Document, (ii) the contents of any certificate, report or other
document delivered under any Loan Document or in connection therewith, (iii) the performance or observance of any of the covenants,
agreements or other terms or conditions set forth in any Loan Document, (iv) the validity, enforceability, effectiveness, sufficiency
or genuineness of any Loan Document or any other agreement, instrument or document (including, for the avoidance of doubt, in
connection with the Administrative Agent’s reliance on any Electronic Signature
transmitted by telecopy, emailed pdf, or any other electronic means that reproduces
an image of an actual executed signature page) or (v) the satisfaction of any condition set forth in Article 4 or elsewhere in any
Loan Document, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent.

 

Section 9.04.     
Authority of Administrative Agent to Rely on Certain Writings, Statements and Advice. The Administrative
Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent,
statement, instrument, document or other writing believed by it to be genuine and to have been signed or sent by the proper Person. The
Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to be made by the proper Person,
and shall not incur any liability for relying thereon. The Administrative Agent may consult with legal counsel (who may be counsel for
the Company), independent accountants and other experts selected by it in good faith, and shall not be liable for any action taken or
not taken by it in accordance with the advice of any such counsel, accountants or experts.

 

Section 9.05.     
Sub-Agents and Related Parties. The Administrative Agent may perform any and all its duties and
exercise its rights and powers by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent
and any such sub-agent may perform any and all its duties and exercise its rights and powers through their respective Related Parties.
The exculpatory provisions of the preceding paragraphs shall apply to any such sub-agent and to the Related Parties of the Administrative
Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities
provided for herein as well as activities as Administrative Agent.

 

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Section 9.06.     
Resignation; Successor Administrative Agent. Subject to the appointment and acceptance of a successor
Administrative Agent as provided in this paragraph, the Administrative Agent may resign at any time by notifying the Lenders, the Issuing
Banks and the Company. Upon any such resignation, the Required Lenders shall have the right, in consultation with the Company, to appoint
a successor. If no successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days
after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may, on behalf of the
Lenders and the Issuing Banks, appoint a successor Administrative Agent which shall be a bank with an office in New York, New York, or
an Affiliate of any such bank. Upon the acceptance of its appointment as a successor Administrative Agent hereunder, such successor shall
succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent, and the retiring
Administrative Agent shall be discharged from its duties and obligations hereunder. The fees payable by the Company to a successor Administrative
Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Company and such successor. After the
Administrative Agent’s resignation hereunder, the provisions of this Article and Section 12.03 shall continue in effect for the
benefit of such retiring Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken
or omitted to be taken by any of them while it was acting as Administrative Agent.

 

Section 9.07.     
Acknowledgements of Lenders.

 

(a)        
Each Lender represents and warrants that (i) the Loan Documents set forth the terms of a commercial lending facility, (ii) it
is engaged in making, acquiring or holding commercial loans and in providing other facilities set forth herein as may be applicable to
such Lender in the ordinary course of its business, and not for the purpose of purchasing, acquiring or holding any other type of financial
instrument (and each Lender agrees not to assert a claim in contravention of the foregoing), (iii) it has, independently and without
reliance upon any Agent, any Arranger or any other Lender, or any of the Related Parties of any of the foregoing, and based on such documents
and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement as a Lender, and
to make, acquire or hold Loans hereunder and (iv) it is sophisticated with respect to decisions to make, acquire and/or hold commercial
loans and to provide other facilities set forth herein, as may be applicable to such Lender, and either it, or the Person exercising
discretion in making its decision to make, acquire and/or hold such commercial loans or to provide such other facilities, is experienced
in making, acquiring or holding such commercial loans or providing such other facilities. Each Lender also acknowledges that it will,
independently and without reliance upon any Agent, any Arranger or any other Lender, or any of the Related Parties of any of the foregoing,
and based on such documents and information (which may contain material, non-public information within the meaning of the United States
securities laws concerning the Company and its Affiliates) as it shall from time to time deem appropriate, continue to make its own decisions
in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished
hereunder or thereunder.

 

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(b)        
 

 

(i)           
 Each Lender hereby agrees that (x) 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 (whether as a payment,
prepayment or repayment of principal, interest, fees or otherwise; individually and collectively, a “Payment”) were
erroneously transmitted to such Lender (whether or not known to such Lender), and demands the return of such Payment (or a portion thereof),
such Lender shall promptly, but in no event later than one (1) Business Day thereafter, return to the Administrative Agent the amount
of any such Payment (or portion thereof) as to which such a demand was made in same day funds, together with interest thereon in respect
of each day from and including the date such Payment (or portion thereof) was received by such Lender to the date such amount is repaid
to the Administrative Agent at the greater of the NYFRB 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 (y) to the extent permitted by applicable law, such Lender
shall not assert, and hereby waives, as to the Administrative Agent, 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 Payments received, including without
limitation any defense based on “discharge for value” or any similar doctrine. A notice of the Administrative Agent to any
Lender under this Section 9.07(b) shall be conclusive, absent manifest error.

 

(ii)           
Each Lender hereby further agrees that if it receives a 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 Administrative Agent (or
any of its Affiliates) with respect to such Payment (a “Payment Notice”) or (y) that was not preceded or accompanied
by a Payment Notice, it shall be on notice, in each such case, that an error has been made with respect to such Payment. Each Lender
agrees that, in each such case, or if it otherwise becomes aware a Payment (or portion thereof) may have been sent in error, such Lender
shall promptly notify the Administrative Agent of such occurrence and, upon demand from the Administrative Agent, it shall promptly,
but in no event later than two (2) Business Days thereafter, return to the Administrative Agent the amount of any such Payment (or portion
thereof) as to which such a demand was made in same day funds, together with interest thereon in respect of each day from and including
the date such Payment (or portion thereof) was received by such Lender to the date such amount is repaid to the Administrative Agent
at the greater of the NYFRB Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank
compensation from time to time in effect.

 

(iii)           
The Company and each other Credit Party hereby agrees that (x) in the event an erroneous Payment (or portion thereof) are not
recovered from any Lender that has received such 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 Company or any other Credit Party, except in each case, to the extent such erroneous Payment
is, and solely with respect to the amount of such erroneous Payment that is, comprised of funds received by the Administrative Agent
from the Company or any other Credit Party for the purpose of satisfying an Obligation.

 

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(iv)           
 Each party’s obligations under this Section 9.07(b) shall survive the resignation or replacement of the Administrative
Agent or any transfer of rights or obligations by, or the replacement of, a Lender, the termination of the Commitments or the repayment,
satisfaction or discharge of all Obligations under any Loan Document.

 

Section 9.08.     
Administrative Agent’s Fee. The Company agrees to pay to the Administrative Agent, for its
own account, fees payable in the amounts and at the times separately agreed upon between the Company and the Administrative Agent.

 

Section 9.09.     
Other Agents. Nothing in the Loan Documents shall impose on any Agent or Arranger other than the
Administrative Agent, in its capacity as an Agent or Arranger, any obligation or liability whatsoever.

 

Section 9.10.     
Certain ERISA Matters. (a) Each Lender (x) represents and warrants, as of the date such Person became
a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being
a Lender party hereto, for the benefit of, the Administrative Agent, and each Arranger and their respective Affiliates, and not, for
the avoidance of doubt, to or for the benefit of the Company or any other Credit Party, that at least one of the following is and will
be true:

 

(i)           
such Lender is not using “plan assets” (within the meaning of the Plan Asset Regulations) of one or more Benefit Plans
in connection with the Loans, the Letters of Credit 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 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

 

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

 

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

 

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

 

Section 9.11.     
Posting of Communications.

 

(a)        
The Company agrees that the Administrative Agent may, but shall not be obligated to, make any Communications available to the
Lenders and the Issuing Banks by posting the Communications on IntraLinksTM, DebtDomain, SyndTrak, ClearPar or any other similar
electronic platform chosen by the Administrative Agent reasonably and in good faith to be its electronic transmission system and used
by it for such purpose with respect to its credit facilities generally (the “Approved Electronic Platform”).

 

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(b)        
Although the Approved Electronic Platform and its primary web portal are secured with generally-applicable security procedures
and policies implemented or modified by the Administrative Agent from time to time (including, as of the Effective Date, a user ID/password
authorization system) and the Approved Electronic Platform is secured through a per-deal authorization method whereby each user may access
the Approved Electronic Platform only on a deal-by-deal basis, each of the Lenders, each of the Issuing Banks and the Company acknowledges
and agrees that the distribution of material through an electronic medium is not necessarily secure, that the Administrative Agent is
not responsible for approving or vetting the representatives or contacts of any Lender that are added to the Approved Electronic Platform,
and that there may be confidentiality and other risks associated with such distribution. Each of the Lenders, each of the Issuing Banks
and the Company hereby approves distribution of the Communications through the Approved Electronic Platform and understands and assumes
the risks of such distribution, other than risks arising from the gross negligence, bad faith or willful misconduct of any of the foregoing
parties (as determined by a court of competent jurisdiction by a final and nonappealable judgment).

 

(c)        
THE APPROVED ELECTRONIC PLATFORM AND THE COMMUNICATIONS ARE PROVIDED “AS IS” AND “AS AVAILABLE”. THE APPLICABLE
PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE COMMUNICATIONS, OR THE ADEQUACY OF THE APPROVED ELECTRONIC
PLATFORM AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS OR OMISSIONS IN THE APPROVED ELECTRONIC PLATFORM AND THE COMMUNICATIONS. 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 THE APPLICABLE PARTIES IN CONNECTION WITH THE COMMUNICATIONS
OR THE APPROVED ELECTRONIC PLATFORM. IN NO EVENT SHALL THE ADMINISTRATIVE AGENT, ANY ARRANGER, ANY DOCUMENTATION AGENT, THE SYNDICATION
AGENT OR ANY OF THEIR RESPECTIVE RELATED PARTIES (COLLECTIVELY, “APPLICABLE PARTIES”) HAVE ANY LIABILITY TO ANY CREDIT
PARTY, ANY LENDER, ANY ISSUING BANK OR ANY OTHER PERSON OR ENTITY FOR DAMAGES OF ANY KIND, INCLUDING DIRECT OR INDIRECT, SPECIAL, INCIDENTAL
OR CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES (WHETHER IN TORT, CONTRACT OR OTHERWISE) ARISING OUT OF ANY CREDIT PARTY’S OR THE
ADMINISTRATIVE AGENT’S TRANSMISSION OF COMMUNICATIONS THROUGH THE INTERNET OR THE APPROVED ELECTRONIC PLATFORM, OTHER THAN DIRECT
ACTUAL DAMAGES ARISING FROM THE gross negligence, bad faith or willful misconduct of any applicable
party (as determined by a court of competent jurisdiction by a final and nonappealable judgment).

 

(d)        
Each Lender and each Issuing Bank agrees that notice to it (as provided in the next sentence) specifying that Communications have
been posted to the Approved Electronic Platform shall constitute effective delivery of the Communications to such Lender for purposes
of the Loan Documents. Each Lender and each Issuing Bank agrees (i) to notify the Administrative Agent in writing (which could be in
the form of electronic communication) from time to time of such Lender’s or each Issuing Bank’s (as applicable) email address
to which the foregoing notice may be sent by electronic transmission and (ii) that the foregoing notice may be sent to such email address.

 

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(e)        
 Each of the Lenders, each of the Issuing Banks and the Company agrees that the Administrative Agent may, but (except as may be
required by applicable law) shall not be obligated to, store the Communications on the Approved Electronic Platform in accordance with
the Administrative Agent’s generally applicable document retention procedures and policies.

 

(f)         
Nothing herein shall prejudice the right of the Administrative Agent, any Lender or any Issuing Bank to give any notice or other
communication pursuant to any Loan Document in any other manner specified in such Loan Document.

 

Article
10

Representations and Warranties of Eligible Subsidiaries

 

Each Eligible Subsidiary shall be deemed by the
execution and delivery of its Election to Participate to have represented and warranted as of the date thereof that:

 

Section 10.01. 
Organization; Powers. Such Eligible Subsidiary (a) is duly organized, validly existing and in good
standing under the laws of the jurisdiction of its organization, (b) has the power and authority to execute, deliver and perform its
obligations hereunder and under each other agreement or instrument contemplated thereby to which it is or will be a party and to borrow
hereunder and (c) is a Wholly-Owned Consolidated Subsidiary.

 

Section 10.02. 
Authorization. The Transactions and the execution and delivery by such Eligible Subsidiary of its
Election to Participate and the performance by such Eligible Subsidiary of this Agreement, (a) have been duly authorized by all requisite
corporate, partnership, limited liability company or analogous and, if required, stockholder, partner, member or analogous action and
(b) will not (i) materially violate any provision of law, statute, rule or regulation, or of the certificate or articles of incorporation
or other constitutive documents or by-laws of such Eligible Subsidiary, (ii)materially violate any order of any Governmental Authority
or (iii) materially violate any provision of any material indenture, agreement or other instrument to which such Eligible Subsidiary
is a party or by which any of them or any of their property is or may be bound, (iv) be in material conflict with, result in a breach
of or constitute (alone or with notice or lapse of time or both) a material default under any such indenture, agreement or other instrument
or (v) result in the creation or imposition of any Lien upon any property or assets of such Eligible Subsidiary (other than under any
Loan Document).

 

Section 10.03. 
Enforceability. Its Election to Participate has been duly executed and delivered by such Eligible
Subsidiary, and this Agreement constitutes a legal, valid and binding obligation of such Eligible Subsidiary enforceable against such
Eligible Subsidiary in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other similar
laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding
in equity or at law.

 

Section 10.04. 
Taxes. Except as disclosed in such Election to Participate, there is no income, stamp or other tax
of any country, or any taxing authority thereof or therein, imposed by or in the nature of withholding or otherwise, which is imposed
on any payment to be made by such Eligible Subsidiary pursuant hereto, or is imposed on or by virtue of the execution, delivery or enforcement
of its Election to Participate.

 

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Article
11

Guaranty

 

Section 11.01. 
The Guaranty. The Company hereby unconditionally and absolutely guarantees the full and punctual
payment (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on each Loan made to and each obligation
to reimburse any LC Disbursement incurred by each other Borrower pursuant to this Agreement, and the full and punctual payment of all
other amounts payable by each other Borrower under this Agreement. Upon failure by any other Borrower to pay punctually any such amount,
the Company agrees that it shall forthwith on demand pay the amount not so paid at the place and in the manner specified in this Agreement.

 

Section 11.02. 
Guaranty Unconditional. The obligations of the Company hereunder shall be unconditional, irrevocable
and absolute and, without limiting the generality of the foregoing, shall not be released, discharged or otherwise affected by:

 

(a)        
any extension, renewal, settlement, compromise, waiver or release in respect of any obligation of any Borrower or any other Person
under any Loan Document or by operation of law or otherwise (except to the extent the foregoing expressly releases the Company’s
obligations under this Article 11);

 

(b)        
any modification or amendment of or supplement to any Loan Document (other than any modification, amendment or supplement of this
Article 11 effected in accordance with Section 12.02);

 

(c)        
any release, impairment, non-perfection or invalidity of any direct or indirect security for any obligation of any Borrower or
any other Person under any Loan Document;

 

(d)        
any change in the corporate existence, structure or ownership of any Borrower or any other Person or any insolvency, bankruptcy,
reorganization or other similar proceeding affecting any Borrower or any other Person or its assets or any resulting release or discharge
of any obligation of any Borrower or any other Person contained in any Loan Document;

 

(e)        
the existence of any claim, set-off or other rights which the Company may have at any time against any other Borrower, the Administrative
Agent, any Lender or any other Person, whether in connection herewith or with any unrelated transactions; provided that nothing
herein shall prevent the assertion of any such claim by separate suit or compulsory counterclaim;

 

(f)         
any invalidity or unenforceability relating to or against any Borrower or any other Person for any reason of any Loan Document,
or any provision of applicable law or regulation purporting to prohibit the payment by any Borrower of the principal of or interest on
any Loan or any other amount payable by it under any Loan Document; or

 

(g)        
any other act or omission to act or delay of any kind by any Borrower, the Administrative Agent, any Lender or any other Person
or any other circumstance whatsoever which might, but for the provisions of this paragraph, constitute a legal or equitable discharge
of or defense to the Company’s obligations hereunder (in each case other than payment in full of the obligations guaranteed hereunder).

 

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Section 11.03. 
Discharge Only Upon Payment in Full; Reinstatement in Certain Circumstances. Each of the Company’s
obligations hereunder shall remain in full force and effect until the Commitments shall have terminated and the principal of and interest
on the Loans and all other amounts payable hereunder by the Company and each other Borrower under this Agreement shall have been paid
in full in cash (or backed by a standby letter of credit or cash collateralized, in each case in amounts and on terms satisfactory to
the Issuing Bank and the Administrative Agent) and all LC Disbursements shall have been reimbursed. If at any time any payment of the
principal of or interest on any Loan or any other amount payable by any other Borrower under this Agreement is rescinded or must be otherwise
restored or returned upon the insolvency, bankruptcy or reorganization of such Borrower or otherwise, the Company’s obligations
hereunder with respect to such payment shall be reinstated at such time as though such payment had been due but not made at such time.

 

Section 11.04. 
Waiver by the Company. The Company irrevocably waives acceptance of its guaranty under this Article
11, presentment, demand (except as provided in Section 11.01), protest and any notice not provided for herein, as well as, solely for
purposes of Article 11 any requirement that at any time any action be taken by any Person against any Borrower or any other Person. The
Company’s guaranty hereunder is a guaranty of payment and not merely of collection.

 

Section 11.05. 
Subrogation. Upon making any payment with respect to any Borrower hereunder, the Company shall be
subrogated to the rights of the payee against such Borrower with respect to such payment; provided that the Company shall not enforce
any payment by way of subrogation unless all amounts of principal of and interest on the Loans to such Borrower and all other amounts
payable by such Borrower under this Agreement have been paid in full in cash.

 

Section 11.06. 
Stay of Acceleration. If acceleration of the time for payment of any amount payable by any Borrower
under this Agreement is stayed upon insolvency, bankruptcy or reorganization of such Borrower, all such amounts otherwise subject to
acceleration under the terms of this Agreement shall nonetheless be payable by the Company hereunder forthwith on demand by the Administrative
Agent made at the request of the Required Lenders.

 

Section 11.07. 
Continuing Guaranty. The Company’s guaranty hereunder is a continuing guaranty, shall be binding
on the Company and its successors and assigns, and shall be enforceable by the Lenders. If all or part of any Lender’s interest
in any obligation guaranteed by the Company is assigned or otherwise transferred, the transferor’s rights under the Company’s
guaranty, to the extent applicable to the obligation so transferred, shall automatically be transferred with such obligation.

 

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Article
12

Miscellaneous

 

Section 12.01. 
Notices. (a) Except in the case of notices and other communications expressly permitted to be given
by telephone (and subject to paragraph (b) below), all notices and other communications provided for herein shall be in writing
and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by facsimile, as follows:

 

(i)           
if to the Company, to it at Cummins Inc., 500 Jackson Street, Box 3005, Columbus, Indiana 47202-3005, Attention of Vice President/Treasurer
(Email: donald.jackson@cummins.com);

 

(ii)           
if to any Subsidiary Borrower, to it care of the Company;

 

(iii)           
if to the Administrative Agent, (A) to JPMorgan Chase Bank, N.A., 500 Stanton Christiana Road, NCC5/1st Floor, Newark,
DE 19713, Attention of Loan & Agency Services Group – Zohaib Nazir (Phone: 312-954-9582; Email: zohaib.nazir@hchase.com) and
(B) in the case of a notification of the DQ List, to JPMDQ_Contact@jpmorgan.com;

 

(iv)           
if to JPMCB as Issuing Bank, to it at JPMorgan Chase Bank, N.A., 10420 Highland Manor Drive, Floor 4, Tampa, Florida 33610, Attention
of Standby LC Dept. Ralph Davis (Facsimile No. 813-432-5161) and, if such notice concerns a Letter of Credit denominated in an Alternative
Currency, also to it at JPMorgan Europe London Office (Facsimile No. 44 207 777 2360);

 

(v)           
if to JPMCB as Swingline Lender:

 

(A)           
for Swingline Loans made in Dollars, to it at JPMorgan Chase Bank, N.A., 500 Stanton Christiana Road, NCC5/1st Floor,
Newark, DE 19713, Attention of Loan & Agency Services Group – Attention of Loan & Agency Services Group – Zohaib
Nazir (Phone: 312-954-9582; Email: zohaib.nazir@hchase.com);

 

(B)           
for Swingline Loans made in Euros and Pound Sterling, to Email: european.loan.operations@jpmorgan.com; with a copy to JPMorgan
Chase Bank, N.A., 500 Stanton Christiana Road, NCC5/1st Floor, Newark, DE 19713, Attention of Loan & Agency Services Group
 – Attention of Loan & Agency Services Group – Zohaib Nazir (Phone: 312-954-9582; Email: zohaib.nazir@hchase.com);

 

(vi)           
if to Bank of America, N.A. as Swingline Lender, to it at Bank of America, N.A., Building C 2380 Performance Dr., TX2-984-03-23,
Richardson, TX 75082, Attention of Jennifer Ollek (Phone: 469-201-8863; Facsimile: 214-290-8374; Email: Jennifer.a.ollek@baml.com);

 

(vii)           
if to Bank of America, N.A. as Issuing Bank, to it at Bank of America, N.A., 1 Fleet Way, Scranton, PA 18507 (Phone: 1-800-370-7519;
Facsimile: 1-800-755-8743; Email: For new issuance requests or amendments: Scranton Standby LC (scranton_standby_lc@bankofamerica.com);
For an inquires and investigation: Trade Client Service Team US (tradeclientserviceteamus@baml.com);

  

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(viii)           
 if to Citibank, N.A., as Swingline Lender,

 

(A)           
for Swingline Loans made in Dollars, to it at 1615 Brett Road, Building III., New Castel, DE
19720, Attention of Loan Administration (Facsimile: 646-274-5000; Email: GLOriginationOps@citigroup.com);

 

(B)           
for Swingline Loans made in Euros or Pound Sterling, to it at Citibank Europe PLC, Poland Branch, Prosta 36 Street, 00-838, Warsaw,
Poland (Facsimile: 0044-207-655-2380; Email: londonloans@citi.com);

 

(ix)           
if to Citibank, N.A., as Issuing Bank, to it at 1615 Brett Road, Building III., New Castel, DE 19720, Attention of Loan Administration
(Facsimile: 646-810-5536; Email: citiconsentrequests@citi.com);

 

(x)           
if to HSBC Bank USA, National Association, as Swingline Lender, to it at 452 Fifth Avenue,
New York, NY 10018, Attention of Loan Administration (Phone: 212-525-1529; Facsimile: 847-793-3415; Email: CTLANY.LoanAdmin@us.hsbc.com);

 

(xi)           
 if to HSBC Bank USA, National Association, as Issuing Bank, as Issuing Bank, to it at Global
Trade and Receivables Finance (GTRF) c/o Williams Lea Tag, 1212 Avenue of the Americas, 17th Floor, New York, NY 10036, USA);

 

(xii)           
if to ING Bank N.V., Dublin Branch, as Swingline Lender, to it at ING Bank N.V., Block 4, Dundrum Town Centre, Sandyford Road,
Dundrum, D16 A4W6, Ireland, Attention of Alan Maher, Director (Phone: +353-1-638-4008; Facsimile: +353 1 638 4072; Email: Execution.Lending.AMS.Team6@ing.com);

 

(xiii)           
if to ING Bank N.V., Dublin Branch, as Issuing Bank, to it at ING Bank N.V., Block 4, Dundrum Town Centre, Sandyford Road, Dundrum,
D16 A4W6, Ireland, Attention of Alan Maher, Director (Phone: +353-1-638-4008; Facsimile: +353 1 638 4072; Email: Email: Execution.Lending.AMS.Team6@ing.com);
and

 

(xiv)           
if to any other Lender, to it at its address (or facsimile number) set forth in its Administrative Questionnaire.

 

(b)        
Notices and other communications to the Lenders hereunder may be delivered or furnished by using Approved Electronic Platforms
pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices pursuant to
Article 2 unless otherwise agreed by the Administrative Agent and the applicable Lender. The Administrative Agent or the Company 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.

 

(c)        
Any party hereto may change its address or facsimile number for notices and other communications hereunder by notice to the other
parties hereto. All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall
be deemed to have been given on the date of receipt if received during the recipient’s normal business hours.

 

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Section 12.02. 
Waivers; Amendments. (a) No failure or delay by the Administrative Agent, any Issuing Bank or any
Lender in exercising any right or power under any Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise
of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further
exercise thereof or the exercise of any other right or power. The rights and remedies of the Administrative Agent, the Issuing Banks
and the Lenders under the Loan Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise have.
No waiver of any provision of any Loan Document or consent to any departure by any Borrower therefrom shall in any event be effective
unless the same shall be permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective only in the specific
instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan or issuance of a
Letter of Credit shall not be construed as a waiver of any Default, regardless of whether the Administrative Agent, any Lender or any
Issuing Bank may have had notice or knowledge of such Default at the time.

 

(b)        
Except as provided in Section 2.25 with respect to an Incremental Term Loan Amendment or as provided in Section 2.13(b) and (c),
no Loan Document nor any provision thereof may be waived, amended or modified except pursuant to an agreement or agreements in writing
entered into by the Company and the Required Lenders; provided that no such agreement shall:

 

(i)           
(A) increase the Commitment of any Lender without the written consent of such Lender (provided that an amendment, modification,
waiver or consent with respect to any condition precedent, covenant, mandatory prepayment pursuant to Section 2.20(b), Event of Default
or Default shall not constitute an increase in the Commitment of any Lender), (B) reduce the principal amount of any Loan or LC Disbursement
or reduce the rate of interest thereon (other than with respect to the incremental 2% included in the determination of the applicable
interest rate under Section 2.12(e) or 2.05(i)), or reduce any fees payable hereunder, without the written consent of each Lender directly
and adversely affected thereby, (C) postpone the scheduled date of payment of the principal amount of any Loan or LC Disbursement, or
any interest thereon, or any fees payable hereunder, or reduce the amount of, waive or excuse any such payment, or postpone the scheduled
date of expiration of any Commitment, without the written consent of each Lender directly and adversely affected thereby (other than
any reduction of the amount of, or any extension of the payment date for, the mandatory prepayments required under Section 2.20(b),
in each case which shall only require the approval of the Required Lenders), (D) change Section 2.08(d) or Section 2.18(b) or Section
2.18(c) in a manner that would alter the ratable reduction of Commitments or pro rata sharing of payments required thereby, or change
any provision requiring that funding of amounts by the Lenders be on a ratable basis, without the written consent of each Lender directly
and adversely affected thereby, (E) change any of the provisions of this Section or the definition of “Required Lenders”
or any other provision of any Loan Document specifying the number or percentage of Lenders required to waive, amend or modify any rights
thereunder or make any determination or grant any consent thereunder, without the written consent of each Lender directly affected thereby
(it being understood that, solely with the consent of the parties prescribed by Section 2.25 to be parties to an Incremental Term
Loan Amendment, Incremental Term Loans may be included in the determination of Required Lenders on substantially the same basis as the
Commitments and the Revolving Loans are included on the Effective Date), (F) release the Company from its guaranty under Article 11 hereof,
or limit its liability in respect of such guaranty, without the written consent of each Lender, (G) change any of the provisions of Section
2.23 without the consent of the Administrative Agent, the Swingline Lenders and the Issuing Banks or (H) amend the definition of “Applicable
Percentage” without the written consent of each Lender; provided that no consent of any Defaulting Lender shall be required
pursuant to clause (D), (E) or (H) above as to any modification that does not adversely affect such Defaulting Lender in a non-ratable
manner;

 

    102 

     

    

 

(ii)           
amend, modify or otherwise affect the rights or duties of the Administrative Agent, any Issuing Bank or any Swingline Lender under
any Loan Document without the prior written consent of the Administrative Agent, such Issuing Bank or such Swingline Lender, as the case
may be; or

 

(iii)           
(A) subject any Subsidiary Borrower to any additional obligation without the written consent of such Borrower, (B) increase
the principal of or rate of interest on any outstanding Loan of any Subsidiary Borrower without the written consent of such Borrower,
(C) accelerate the stated maturity of any outstanding Loan of any Subsidiary Borrower without the written consent of such Borrower or
(D) change this proviso (iii) without the prior written consent of each Subsidiary Borrower.

 

(c)        
Notwithstanding any provision herein to the contrary, as to any amendment, amendment and restatement or other modifications otherwise
approved in accordance with this Section, it shall not be necessary to obtain the consent or approval of any Lender that, upon giving
effect to such amendment, amendment and restatement or other modification, would have no Commitment or outstanding Loans so long as such
Lender receives payment in full of the principal of and interest accrued on each Loan made by, and all other amounts owing to, such Lender
or accrued for the account of such Lender under this Agreement and the other Loan Documents at the time such amendment, amendment and
restatement or other modification becomes effective.

 

(d)        
Notwithstanding any provisions herein to the contrary, if the Administrative Agent and the Company acting together identify any
ambiguity, omission, mistake, typographical error or other defect in any provision of this Agreement or any other Loan Document, then
the Administrative Agent and the Company shall be permitted to amend, modify or supplement such provision to cure such ambiguity, omission,
mistake, typographical error or other defect, and such amendment shall become effective without any further action or consent of any
other party to this Agreement, so long as, in each case, the Lenders shall have received at least ten Business Days’ prior written
notice thereof and the Administrative Agent shall not have received, within ten Business Days of the date of such notice to the Lenders,
a written notice from the Required Lenders stating that the Required Lenders object to such amendment.

 

    103 

     

    

 

Section 12.03. 
Expenses; Indemnity; Damage Waiver. (a) The Company shall pay (i) all reasonable, documented and
invoiced out-of-pocket expenses incurred by the Administrative Agent, and its Affiliates, including the reasonable, documented
and invoiced fees, charges and disbursements of one counsel for the Administrative Agent, in connection with the syndication of the credit
facilities provided for herein, the preparation and administration of the Loan Documents or any amendments, modifications or waivers
of the provisions thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable,
documented and invoiced out-of-pocket expenses incurred by any Issuing Bank in connection with the issuance, amendment or extension of
any Letter of Credit or any demand for payment thereunder and (iii) all out-of-pocket expenses incurred by the Administrative Agent,
any Issuing Bank or any Lender, including the fees, charges and disbursements of any counsel for the Administrative Agent, any Issuing
Bank or any Lender, in connection with the enforcement or protection of its rights in connection with the Loan Documents, including its
rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket
expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit.

 

(b)        
The Company shall indemnify the Administrative Agent, each Arranger, each Issuing Bank and each Lender and each Related Party
of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee
harmless from, any and all losses, claims, damages, liabilities and related reasonable and documented costs and expenses, including the
reasonable fees, charges and disbursements of any counsel for any Indemnitee, incurred by or asserted against any Indemnitee arising
out of, in connection with, or as a result of any actual or prospective claim, litigation, investigation, arbitration or proceeding,
whether based on contract, tort or any other theory and regardless of whether any Indemnitee is a party thereto, relating to (i) the
execution or delivery of the Loan Documents or any agreement or instrument contemplated thereby, the performance by the parties thereto
of their respective obligations thereunder or the consummation of the Transactions or any other transactions contemplated thereby, (ii) any
Loan or Letter of Credit or the use of the proceeds therefrom (including any refusal by an Issuing Bank 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 (iii) any actual or alleged presence or release of Hazardous Materials on or from any property owned or operated by
the Company or any of its Subsidiaries, or any Environmental Liability related in any way to the Company or any of its Subsidiaries;
provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities
or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from (i)
the gross negligence or willful misconduct of such Indemnitee or any of its Affiliates or representatives, (ii) from the material breach
in bad faith by such Indemnitee of its express obligations under the Loan Documents or (iii) a dispute solely among Indemnitees (other
than a dispute involving a claim against an Indemnitee in its capacity as an arranger or agent in respect of the Agreement, and in any
such event described in this clause (iii) solely to the extent that the underlying dispute does not arise as a result of any action,
inaction, representation or misrepresentation of, or information provided, or that was failed to be provided, by or on behalf of, the
Company or any of its Subsidiaries).

 

    104 

     

    

 

(c)        
 To the extent that the Company fails to pay any amount required to be paid by it to the Administrative Agent, any Issuing Bank
or any Swingline Lender under paragraph (a) or (b) of this Section, each Lender severally agrees to pay to the Administrative Agent,
such Issuing Bank or such Swingline Lender, as the case may be, such Lender’s Applicable Percentage (determined as of the time
that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed
expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the
Administrative Agent, such Issuing Bank or such Swingline Lender in its capacity as such.

 

(d)        
To the extent permitted by applicable law, each Credit Party shall not assert, and hereby waives, any claim against the Administrative
Agent, any Arranger, any Issuing Bank and any Lender, and any Related Party of any of the foregoing Persons, on any theory of liability,
for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with,
or as a result of, the Loan Documents or any agreement or instrument contemplated thereby, the Transactions, any Loan or Letter of Credit
or the use of the proceeds thereof.

 

(e)        
All amounts due under this Section shall be payable promptly after written demand therefor.

 

Section 12.04. 
Successors and Assigns. (a) The provisions of this Agreement shall be binding upon and inure to
the benefit of the parties hereto and their respective successors and assigns permitted hereby (including any Affiliate of the Issuing
Bank that issues any Letter of Credit), except that (i) no Credit Party may assign or otherwise transfer any of its rights or obligations
hereunder without the prior written consent of each Lender (and any attempted assignment or transfer by any Credit Party without such
consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance
with this Section. Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties
hereto, their respective successors and assigns permitted hereby (including any Affiliate of any Issuing Bank that issues any Letter
of Credit), Participants (to the extent provided in paragraph (c) of this Section) and, to the extent expressly contemplated hereby,
the Related Parties of each of the Administrative Agent, the Issuing Banks and the Lenders) any legal or equitable right, remedy or claim
under or by reason of this Agreement.

 

(b)        
(i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign to one or more Persons (other than an
Ineligible Institution) all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment
and the Loans at the time owing to it) with the prior written consent (such consent not to be unreasonably withheld, conditioned or delayed)
of:

 

(A)           
the Company; provided that (x) no consent of the Company shall be required for (1) an assignment to a Lender, an Affiliate
of a Lender, an Approved Fund (it being understood that the Company shall nevertheless receive prompt notice, either prior to or promptly
after such assignment, of any such assignment to a Lender, an Affiliate of a Lender or an Approved Fund) (provided further, notwithstanding
the preceding clause (1), so long as no Event of Default under paragraph (b), (c), (g) or (h) of Article 8 has occurred and is continuing,
the consent of the Company shall be required if, after giving effect to such assignment, the assignee, collectively with its affiliated
Lenders and affiliated Approved Funds, would, as a result of such assignment, hold more than fifteen percent (15%) of the aggregate amounts
of Loans and unused Commitments) or, (2) if an Event of Default under paragraph (b), (c), (g) or (h) of Article 8 has occurred
and is continuing, any other assignee and (y) the Company shall be deemed to have consented to any such assignment unless it shall object
thereto by written notice to the Administrative Agent within ten Business Days after receipt of written notice thereof; and

 

    105 

     

    

 

(B)           
the Administrative Agent, each Issuing Bank and each Swingline Lender; provided that no consent of the Administrative Agent,
any Issuing Bank or any Swingline Lender shall be required for an assignment to an assignee that is a Lender or an Affiliate of a Lender
immediately prior to giving effect to such assignment.

 

(ii)           
Assignments shall be subject to the following additional conditions:

 

(A)           
except in the case of an assignment to a Lender or an Affiliate of a Lender or an assignment of the entire remaining amount of
the assigning Lender’s Commitment, the amount of the Commitment 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 each of the Company and the Administrative Agent otherwise consent; provided that no such consent of the
Company shall be required if an Event of Default under paragraph (b), (c), (g) or (h) of Article 8 has occurred and is continuing;

 

(B)           
each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and
obligations under this Agreement;

 

(C)           
the parties to each assignment shall execute and deliver to the Administrative Agent (x) an Assignment and Assumption or (y) to
the extent applicable, an agreement incorporating an Assignment and Assumption by reference pursuant to an Approved Electronic Platform
as to which the Administrative Agent and the parties to the Assignment and Assumption are participants, together with a processing and
recordation fee of $3,500;

 

(D)           
the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire;

 

(E)           
in the case of an assignment to a CLO (as defined below), the assigning Lender shall retain the sole right to approve any amendment,
modification or waiver of any provision of this Agreement, provided that the Assignment and Assumption between such Lender and
such CLO may provide that such Lender will not, without the consent of such CLO, agree to any amendment, modification or waiver described
in paragraph (i) of the first proviso to Section 12.02(b) that affects such CLO; and

 

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(F)           
no assignment, whether in whole or in part (including participations), may be made to (i) the Company or any of its Affiliates
or subsidiaries, (ii) any Defaulting Lender or any Person who, upon becoming a Lender, would constitute a Defaulting Lender, (iii) a
natural Person (or holding company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural Person)
or (iv) Disqualified Institution without the prior written consent of the Company.

 

For the purposes of this Section 12.04,
the terms “Approved Fund”, “CLO” and “Disqualified Institution” have the following
meanings:

 

“Approved Fund”
means (a) a CLO and (b) with respect to any Lender that is a fund which invests in bank loans and similar extensions of credit, any other
fund that invests in bank loans and similar extensions of credit and is managed by the same investment advisor as such Lender or by an
Affiliate of such investment advisor.

 

“CLO” means any
entity (whether a corporation, partnership, trust or otherwise) that is engaged in making, purchasing, holding or otherwise investing
in bank loans and similar extensions of credit in the ordinary course of its business and is administered or managed by a Lender or an
Affiliate of such Lender.

 

“Disqualified Institution”
means (i) those Persons identified by the Company to the Administrative Agent and the Lenders in writing prior to the Amendment No. 1
Effective Date, (ii) those Persons that are reasonably determined by the Company to be competitors of the Company or any of its Subsidiaries
and that have been specifically identified by the Company to the Administrative Agent and the Lenders in writing prior to the Amendment
No. 1 Effective Date and (iii) in the case of each of clauses (i) and (ii) (and any supplements thereto as contemplated below), any of
their respective Affiliates, to the extent any such Affiliate (x) is clearly identifiable as an Affiliate of the applicable Person solely
by similarity of such Affiliate’s name and (y) is not a bona fide debt investment fund that is an Affiliate of such Person; provided
that, the Company, by notice to the Administrative Agent and the Lenders after the Amendment No. 1 Effective Date, shall be permitted
to supplement from time to time in writing by name the list of Persons that are Disqualified Institutions to the extent that the Persons
added by such supplements are competitors of the Company or any of its Subsidiaries (or Affiliates of competitors that are not bona fide
debt investment funds). Each such supplement shall become effective three (3) Business Days after delivery thereof to the Administrative
Agent and the Lenders (including through an Approved Electronic Platform) in accordance with Section 12.01, but shall not apply retroactively
to disqualify any Persons that have previously acquired an assignment or participation interest in the Loans (but solely with respect
to such Loans). It is understood and agreed that (A) the Administrative Agent shall have no responsibility, liability or duty, to ascertain,
inquire, monitor or enforce whether any Lender or potential Lender is a Disqualified Institution, (B) the Company’s failure to
deliver such list (or supplement thereto) in accordance with Section 12.01 shall render such list (or supplement) not received and not
effective and (C) “Disqualified Institution” shall exclude any Person that the Company has designated as no longer being
a “Disqualified Institution” by written notice delivered to the Administrative Agent (which notice may be distributed to
the Lenders) from time to time in accordance with Section 12.01.

 

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(iii)           
Subject to acceptance and recording thereof pursuant to paragraph (b)(iv) of this Section, 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 entitled to the benefits of Sections 2.14, 2.15, 2.16, 2.17 and
12.03). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 12.04
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.

 

(iv)           
The Administrative Agent, acting for this purpose as a non-fiduciary agent of the Borrowers, 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 Commitment of, and principal amount (and stated interest) of the Loans and LC Disbursements owing to, each Lender pursuant to
the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent manifest
error, and each Borrower, the Administrative Agent, the Issuing Banks and the Lenders may treat each Person whose name is recorded in
the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary.
The Register shall be available for inspection by the Company, any Issuing Bank and any Lender, at any reasonable time and from time
to time upon reasonable prior notice.

 

(v)           
Upon its receipt of (x) a duly completed Assignment and Assumption executed by an assigning Lender and an assignee or (y) to the
extent applicable, an agreement incorporating an Assignment and Assumption by reference pursuant to an Approved Electronic Platform as
to which the Administrative Agent and the parties to the Assignment and Assumption are participants, the assignee’s completed Administrative
Questionnaire (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph
(b) of this Section and any written consent to such assignment required by paragraph (b) of this Section, the Administrative Agent shall
accept such Assignment and Assumption and 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.

 

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(c)        
(i) Any Lender may, without the consent of any Borrower, the Administrative Agent, any Issuing Bank or any Swingline Lender, sell
participations to one or more banks or other entities (a “Participant”), other than an Ineligible Institution, in
all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment
and/or the Loans owing to it); provided that (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, (C) each
Borrower, the Administrative Agent, each Issuing Bank and the other Lenders shall continue to deal solely and directly with such Lender
in connection with such Lender’s rights and obligations under this Agreement and (D) in the case of any sale of a participation
to a Disqualified Institution, the Borrower shall have provided its prior written consent thereto. Any agreement or instrument pursuant
to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and
to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument
may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described
in paragraph (i) of the first proviso to Section 12.02(b) that affects such Participant. Subject to paragraph (c)(ii) of this Section,
each Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.14, 2.15, 2.16 and Section 2.17 to the same
extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section. To the extent permitted
by law, each Participant also shall be entitled to the benefits of Section 12.08 as though it were a Lender, provided such Participant
agrees to be subject to Section 2.18(c) as though it were a Lender. Each Lender that sells a participation shall, acting solely for this
purpose as a non-fiduciary agent of each Borrower, maintain a register on which it enters the name and address of each Participant and
the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under 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 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)
or Proposed Section 1.163-5(b) of the United States Treasury Regulations (or, in each case, any amended or successor version) or, if
different, under Sections 871(h) or 881(c) of the Code. The entries in the Participant Register shall be conclusive absent clearly demonstrable
error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation
for all purposes of this Agreement notwithstanding any notice to the contrary.

 

(ii)           
A Participant shall not be entitled to receive any greater payment under Section 2.14, 2.16 or 2.17 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. A Participant shall not be entitled to the benefits of Section
2.16 unless the Participant complies with the obligations of (e), (f), (g), (h) and (i) of Section 2.16, as applicable, as if it were
a Lender (it being understood that the documentation required shall be delivered to the participating Lender and, if required by law
for reduced withholding, copies shall be delivered to the Company and the Administrative Agent).

 

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(d)        
Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure
obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank or any central bank having
jurisdiction over such Lender, and this Section 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 words “execution,” “signed,” “signature,” and words of like import in any Assignment and
Assumption Agreement shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall
be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system,
as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and
National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform
Electronic Transactions Act.

 

(f)         
Notwithstanding anything to the contrary in this Section 12.04, or elsewhere in this Agreement, the consent of the Company
shall be required (such consent not to be unreasonably withheld or delayed) for an assignment to an assignee that is an Affected Financial
Institution unless an Event of Default under paragraph (b), (c), (g) or (h) of Article 8 has occurred and is continuing at the time of
such assignment; provided, however, that no Affiliate of Santander Bank, N.A. shall be considered an Affected Financial Institution
for the purposes of this clause (f).

 

(g)        
Disqualified Institutions.

 

(i)           
No assignment or participation shall be made to any Person that was a Disqualified Institution as of the date (the “Trade
Date”) on which the assigning Lender entered into a binding agreement to sell and assign or grant a participation in all or
a portion of its rights and obligations under this Agreement to such Person (unless the Company has consented to such assignment or participation
in writing in its sole and absolute discretion, in which case such Person will not be considered a Disqualified Institution for the purpose
of such assignment or participation). For the avoidance of doubt, with respect to any assignee or Participant that becomes a Disqualified
Institution after the applicable Trade Date (including as a result of the delivery of a notice pursuant to, and/or the expiration of
the notice period referred to in, the definition of “Disqualified Institution”), (x) such assignee or Participant shall not
retroactively be disqualified from being a Lender or Participant and (y) the execution by the Company of an Assignment and Assumption
with respect to such assignee will not by itself result in such assignee no longer being considered a Disqualified Institution. Any assignment
or participation in violation of this clause (g)(i) shall not be void, but the other provisions of this clause (g) shall apply.

 

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(ii)           
If any assignment or participation is made to any Disqualified Institution without the Company’s prior written consent in
violation of clause (i) above, or if any Person becomes a Disqualified Institution after the applicable Trade Date, the Company may,
at its sole expense and effort, upon notice to the applicable Disqualified Institution and the Administrative Agent, require such Disqualified
Institution to assign, without recourse (in accordance with and subject to the restrictions contained in this Section 12.04), all of
its interest, rights and obligations under this Agreement to one or more Persons (other than an Ineligible Institution) at the lesser
of (x) the principal amount thereof and (y) the amount that such Disqualified Institution paid to acquire such interests, rights and
obligations in each case plus accrued interest, accrued fees and all other amounts (other than principal amounts) payable to it hereunder.

 

(iii)           
Notwithstanding anything to the contrary contained in this Agreement, Disqualified Institutions to whom an assignment or participation
is made in violation of clause (i) above (A) will not have the right to (x) receive information, reports or other materials provided
to Lenders by the Company, the Administrative Agent or any other Lender, (y) attend or participate in meetings attended by the Lenders
(or any of them) and the Administrative Agent, or (z) access any electronic site established for the Lenders or confidential communications
from counsel to or financial advisors of the Administrative Agent or the Lenders and (B) (x) for purposes of any consent to any amendment,
waiver or modification of, or any action under, and for the purpose of any direction to the Administrative Agent or any Lender to undertake
any action (or refrain from taking any action) under this Agreement or any other Loan Document, each Disqualified Institution will be
deemed to have consented in the same proportion as the Lenders that are not Disqualified Institutions consented to such matter, and (y)
for purposes of voting on any plan of reorganization, each Disqualified Institution party hereto hereby agrees (1) not to vote on such
plan of reorganization, (2) if such Disqualified Institution does vote on such plan of reorganization notwithstanding the restriction
in the foregoing clause (1), such vote will be deemed not to be in good faith and shall be “designated” pursuant to Section
1126(e) of the Bankruptcy Code (or any similar provision in any other applicable laws), and such vote shall not be counted in determining
whether the applicable class has accepted or rejected such plan of reorganization in accordance with Section 1126(c) of the Bankruptcy
Code (or any similar provision in any other applicable laws) and (3) not to contest any request by any party for a determination by the
Bankruptcy Court (or other applicable court of competent jurisdiction) effectuating the foregoing clause (2).

 

(iv)           
The Administrative Agent shall have the right, and the Company hereby expressly authorizes the Administrative Agent, to (A) post
the list of Disqualified Institutions provided by the Company and any updates thereto from time to time (collectively, the “DQ
List”) on an Approved Electronic Platform, including that portion of such Approved Electronic Platform that is designated for
 “public side” Lenders and/or (B) provide the DQ List to each Lender or potential Lender requesting the same.

 

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(v)           
 The Administrative Agent shall not be responsible or have any liability for, or have any duty to ascertain, inquire into, monitor
or enforce, compliance with the provisions hereof 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, by any other Person to any
‎Disqualified Institution.

 

Section 12.05. 
Survival. All covenants, agreements, representations and warranties made by the Company and any
other Borrower herein and in the certificates or other instruments delivered in connection with or pursuant to this Agreement shall be
considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this Agreement and the
making of any Loans and issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf
and notwithstanding that the Administrative Agent, any Issuing Bank or any Lender may have had notice or knowledge of any Default or
incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long
as the principal of or any accrued interest on any Loan or any fee or any other amount payable under this Agreement is outstanding and
unpaid or any Letter of Credit (other than those backed by a standby letter of credit or cash collateralized, in each case in amounts
and on terms satisfactory to the Issuing Bank and the Administrative Agent) is outstanding and so long as the Commitments have not expired
or terminated. The provisions of Sections 2.14, 2.15, 2.16, 2.17 and 12.03 and Article 9 shall survive and remain in full force and effect
regardless of the consummation of the transactions contemplated hereby, the repayment of the Loans, the expiration or termination of
the Letters of Credit and the Commitments or the termination of this Agreement or any provision hereof.

 

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Section 12.06. 
Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by
different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together
shall constitute a single contract. This Agreement, the other Loan Documents and any separate letter agreements with respect to fees
payable to the Administrative Agent constitute the entire contract among the parties relating to the subject matter hereof and supersede
any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided in Section
4.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative
Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto, and
thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. Delivery
of an executed counterpart of a signature page of (x) this Agreement, (y) any other Loan Document and/or (z) any document, amendment,
approval, consent, information, notice (including, for the avoidance of doubt, any notice delivered pursuant to Section 12.01), certificate,
request, statement, disclosure or authorization related to this Agreement, any other Loan Document and/or the transactions contemplated
hereby and/or thereby (each an “Ancillary Document”) that is an Electronic Signature transmitted by telecopy, e-mailed
..pdf or any other electronic means that reproduces an image of an actual executed signature page shall be effective as delivery of a
manually executed counterpart of this Agreement, such other Loan Document or such Ancillary Document, as applicable. The words “execution,”
 “signed,” “signature,” “delivery,” and words of like import in or relating to this Agreement, any
other Loan Document and/or any Ancillary Document shall be deemed to include Electronic Signatures, deliveries or the keeping of records
in any electronic form (including deliveries by telecopy,
emailed pdf, or any other electronic means that reproduces an image of an actual executed signature page), each of which shall be of
the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof 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 nothing herein shall require the
Administrative Agent to accept Electronic Signatures in any form or format without its prior written consent and pursuant to procedures
approved by it (it being understood and agreed that the Administrative Agent accepts,
consents to and approves of transmission through electronic means of any Electronic Signature
that is a reproduction of an image of an actual executed signature page); provided,
further, without limiting the foregoing, (i) (a) to the extent the Administrative Agent has agreed to accept any Electronic Signature,
the Administrative Agent and each of the Lenders shall be entitled to rely on such Electronic Signature purportedly given by or on behalf
of the Company or any other Credit Party without further verification thereof (other than any Electronic Signature actually known by
the Administrative Agent or such Lender, as applicable, to be unauthorized or otherwise invalid) and without any obligation to review
the appearance or form of any such Electronic Signature and (b) each Credit Party shall be entitled to rely on the Electronic Signatures
of the Administrative Agent and each Lender purportedly given by or on behalf of the Administrative Agent or such Lender, as applicable,
without further verification thereof (other than any Electronic Signature actually known by such Credit Party to be unauthorized or otherwise
invalid) and without any obligation to review the appearance or form of any such Electronic Signatures and (ii) upon the request of the
Administrative Agent or any Lender, any Electronic Signature shall be followed, as soon as reasonably practicable, by a manually executed
counterpart. Without limiting the generality of the foregoing, the Borrowers hereby
(i) agree that, for all purposes, including without limitation, in connection with any workout, restructuring, enforcement of remedies,
bankruptcy proceedings or litigation among the Administrative Agent, the Lenders and the Borrowers, Electronic Signatures transmitted
by telecopy, emailed pdf, or any other electronic means that reproduces an image of an actual executed signature page and/or
any electronic images of this Agreement, any other Loan Document and/or any Ancillary Document shall have the same legal effect, validity
and enforceability as any paper original, (ii) agree that the Administrative Agent and each of the Lenders may, at its option, create
one or more copies of this Agreement, any other Loan Document and/or any Ancillary Document in the form of an imaged electronic record
in any format, which shall be deemed created in the ordinary course of such Person’s business, and destroy the original paper document
(and all such electronic records shall be considered an original for all purposes and shall have the same legal effect, validity and
enforceability as a paper record), (iii) waive any argument, defense or right to contest the legal effect, validity or enforceability
of this Agreement, any other Loan Document and/or any Ancillary Document based solely on the lack of paper original copies of this Agreement,
such other Loan Document and/or such Ancillary Document, respectively, including with respect to any signature pages thereto and
(iv) waive any claim against any Indemnitee for any losses, claims, damages or liabilities (collectively, “Liabilities”)
arising solely from the Administrative Agent’s and/or any Lender’s reliance on or use of Electronic
Signatures and/or transmissions by telecopy, emailed pdf, or
any other electronic means that reproduces an image of an actual executed signature page,
including any Liabilities arising as a result of the failure of the Company and/or any other Credit Party to use any available security
measures in connection with the execution, delivery or transmission of any Electronic Signature, other than any Liabilities (x)
determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the bad faith, gross negligence
or willful misconduct of any Indemnitee or (y) that result from a claim brought by any Credit Party and/or any Subsidiary thereof
against any Indemnitee for material breach in bad faith of this Section 12.06 if such Credit Party or such Subsidiary has obtained
a final and nonappealable judgment by a court of competent jurisdiction in its favor on such claim.

 

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Section 12.07. 
Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without
affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision
in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

 

Section 12.08. 
Right of Set-off. If an Event of Default shall have occurred and be continuing and the maturity
of the Loans has been accelerated under Article 8, each Lender and each of its Affiliates is hereby authorized at any time and from time
to time, to the fullest extent permitted by law, to set-off and apply any and all deposits (general or special, time or demand, provisional
or final, but excluding deposits held in a trustee, fiduciary, agency or similar capacity or otherwise for the benefit of a third party)
at any time held and other obligations at any time owing by such Lender or Affiliate to or for the credit or the account of any Credit
Party against any of and all the obligations of such Credit Party now or hereafter existing under this Agreement held by such Lender,
irrespective of whether or not such Lender shall have made any demand under this Agreement and although such obligations may be unmatured.
The rights of each Lender under this Section are in addition to other rights and remedies (including other rights of set-off) which such
Lender may have. Each Lender and each Issuing Bank agrees to notify the Company and the Administrative Agent promptly after any such
setoff and application; provided that the failure to give such notice shall not affect the validity of such setoff and application.

 

Section 12.09. 
Governing Law; Jurisdiction; Consent to Service of Process. (a) This Agreement shall be construed
in accordance with and governed by the internal law of the State of New York.

 

(b)        
Each of the Lenders and the Administrative Agent hereby irrevocably and unconditionally agrees that, notwithstanding the governing
law provisions of any applicable Loan Document, any claims brought against the Administrative Agent by any Lender relating to this Agreement,
any other Loan Document or the consummation or administration of the transactions contemplated hereby or thereby shall be construed in
accordance with and governed by the law of the State of New York.

 

(c)        
Each Credit Party hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction
of the United States District Court for the Southern District of New York sitting in the Borough of Manhattan (or if such court
lacks subject matter jurisdiction, the Supreme Court of the State of New York sitting in the Borough of Manhattan), and any appellate
court from any thereof, in any action or proceeding arising out of or relating to this Agreement or any other Loan Document or the transactions
relating hereto or thereto, or for recognition or enforcement of any judgment arising out of or relating to any Loan Document or the
transactions relating hereto or thereto, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims
in respect of any such action or proceeding may be heard and determined in such Federal (to the extent permitted by law) or New York
State court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be
enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in any Loan Document shall affect
any right that the Administrative Agent or any Lender may otherwise have to bring any action or proceeding relating to any Loan Document
against any Credit Party or its properties in the courts of any jurisdiction.

 

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(d)        
Each Credit Party hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any
objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to any
Loan Document in any court referred to in paragraph (c) of this Section. Each of the parties hereto hereby irrevocably waives, to the
fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court.

 

(e)        
Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 12.01; provided
that each Subsidiary Borrower irrevocably appoints the Company as agent of process and consents to service of process to the Company
in the manner provided for notices in Section 12.01. Nothing in any Loan Document will affect the right of any party to this Agreement
to serve process in any other manner permitted by law.

 

Section 12.10. 
WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENT
OR THE TRANSACTIONS CONTEMPLATED THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES
THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT,
IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE
BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

 

Section 12.11. 
Judgment Currency. If, under any applicable law and whether pursuant to a judgment being made or
registered against any Borrower or for any other reason, any payment under or in connection with any Loan Document is made or satisfied
in a currency (the “Other Currency”) other than that in which the relevant payment is due (the “Required
Currency”) then, to the extent that the payment (when converted into the Required Currency at the rate of exchange on the date
of payment or, if it is not practicable for the party entitled thereto (the “Payee”) to purchase the Required
Currency with the Other Currency on the date of payment, at the rate of exchange as soon thereafter as it is practicable for it to do
so) actually received by the Payee falls short of the amount due under the terms of any Loan Document, such Borrower shall, to the extent
permitted by law, as a separate and independent obligation, indemnify and hold harmless the Payee against the amount of such short-fall.
For the purpose of this Section, “rate of exchange” means the rate at which the Payee is able on the relevant date
to purchase the Required Currency with the Other Currency and shall take into account any premium and other costs of exchange.

 

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Section 12.12. 
Headings. Article and Section headings and the Table of Contents used herein are for convenience
of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting,
this Agreement.

 

Section 12.13. 
Confidentiality. Each of the Administrative Agent, the Issuing Banks and the Lenders agrees to maintain
the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its and its Affiliates’
directors, officers, employees and agents, including accountants, legal counsel and other advisors on a need-to-know basis (it being
understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and will
agree to keep such Information confidential to the same extent as if they were parties hereto and the disclosing Administrative Agent,
Issuing Bank, Swingline Lender or Lender shall be responsible for any breaches of the provisions of this Section 12.13), (b) to
the extent requested by any central bank or the Federal Reserve or by any regulatory authority having jurisdiction over it or in connection
with any pledge or assignment permitted under Section 12.04(d), (c) to the extent required by applicable laws or regulations or
by any subpoena or similar legal process, (d) to any other party to this Agreement, (e) in connection with the exercise of any remedies
hereunder or any suit, action or proceeding relating to any Loan Document or the enforcement of rights hereunder, (f) subject to an agreement
containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or any prospective assignee
of or Participant in, any of its rights or obligations under this Agreement (it being understood that the DQ List may be disclosed to
any assignee or Participant, or prospective assignee or Participant, in reliance on and subject to the terms of this clause (f)(i)) or
(ii) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to a Borrower and its obligations
under this Agreement, (g) with the prior written consent of the Company, (h) to the extent requested by ratings agencies or (i) to
the extent such Information (i) becomes publicly available other than as a result of a breach of this Section or (ii) becomes
available to the Administrative Agent, any Issuing Bank or any Lender on a nonconfidential basis from a source other than the Company.
For the purposes of this Section, “Information” means all information received from or on behalf of the Company or
any of its Affiliates relating to the Company or its business or any of its Affiliates or their respective businesses, other than any
such information that is available to the Administrative Agent, any Issuing Bank or any Lender on a nonconfidential basis prior to disclosure
by the Company and other than information pertaining to this Agreement routinely provided by arrangers to data service providers, including
league table providers, that serve the lending industry, after the Company has publicly disclosed this Agreement in a filing with the
Securities and Exchange Commission (it being understood and agreed that the Company shall so disclose this Agreement in such a filing
as and when required by applicable law). Any Person required to maintain the confidentiality of Information as provided in this Section
shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain
the confidentiality of such Information as such Person would accord to its own confidential information.

 

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Section 12.14. 
USA Patriot Act and Beneficial Ownership Regulation Notification. Each Lender that is subject to
the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”)
and the requirements of the Beneficial Ownership Regulation hereby notifies each Credit Party that pursuant to the requirements of the
Patriot Act and the Beneficial Ownership Regulation, it is required to obtain, verify and record information that identifies such Credit
Party, which information includes the name, address and tax identification number of such Credit Party and other information that will
allow such Lender to identify such Credit Party in accordance with the Patriot Act and the Beneficial Ownership Regulation. Each Credit
Party agrees to cooperate with each Lender and provide true, accurate and complete information to such Lender in response to any such
request.

 

Section 12.15. 
No Fiduciary Duty(a). (a)(a) Each Agent, each Lender and their
Affiliates (collectively, for purposes of this Section 12.15, the “Lender Parties”), may have economic interests
that conflict with those of the Borrowers. Each Borrower agrees that, except as expressly provided otherwise in Section 12.04(b)(iv),
nothing in the Loan Documents will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied duty
between the Lender Parties and the Borrowers, its stockholders or its affiliates in connection with the transactions contemplated hereby.
The Borrowers acknowledge and agree that (i) the transactions contemplated by the Loan Documents are arm’s-length commercial transactions
between the Lender Parties, on the one hand, and the Borrowers, on the other, (ii) in connection therewith and with the process leading
to such transactions contemplated by the Loan Documents each of the Lender Parties is acting solely as a principal and not the fiduciary
of each of the Borrower, its management, stockholders, creditors or any other person, (iii) no Lender Party has assumed an advisory or
fiduciary responsibility in favor of any Borrower with respect to the transactions contemplated hereby or the process leading thereto
(irrespective of whether any Lender Party or any of its affiliates has advised or is currently advising any Borrower on other matters)
and (iv) each Borrower has consulted its own legal and financial advisors to the extent it deemed appropriate. Each Borrower further
acknowledges and agrees that it is responsible for making its own independent judgment with respect to the transactions contemplated
hereby and the process leading thereto. Each Borrower agrees that it will not claim that any Lender Party has rendered advisory services
of any nature or respect, or owes a fiduciary or similar duty to such Borrower, in connection with the transactions contemplated hereby
or the process leading thereto.(b) 

 

(b)       The
Credit Parties further acknowledge and agree, and acknowledges its subsidiaries’ understanding, that each Lender Party and each
Agent and Arranger is a full service securities or banking firm engaged in securities trading and brokerage activities as well as providing
investment banking and other financial services. In the ordinary course of business, any Lender Party, Agent or Arranger may provide
investment banking and other financial services to, and/or acquire, hold or sell, for its own accounts and the accounts of customers,
equity, debt and other securities and financial instruments (including bank loans and other obligations) of, any Credit Party and other
companies with which any Credit Party may have commercial or other relationships. With respect to any securities and/or financial instruments
so held by any Lender Party or any such Agent or Arranger or any of its customers, all rights in respect of such securities and financial
instruments, including any voting rights, will be exercised by the holder of the rights, in its sole discretion.

 

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(c)       In
addition, the Credit Parties acknowledge and agree, and acknowledge their subsidiaries’ understanding, that each Lender Party and
its Affiliates may be providing debt financing, equity capital or other services (including financial advisory services) to other companies
in respect of which any Credit Party may have conflicting interests regarding the transactions described herein and otherwise. No Lender
Party nor its Affiliates will use confidential information obtained from any Credit Party, its Affiliates and/or its representatives
by virtue of the Transactions contemplated by the Loan Documents or their other relationships with any Credit Party in connection with
the performance by such Lender Party or its Affiliates of services for other companies, and no Lender Party nor its Affiliates will furnish
any such information to other companies. The Credit Parties also acknowledge that no Lender Party has any obligation to use in connection
with the Transactions contemplated by the Loan Documents, or to furnish to any Credit Party, confidential information obtained from other
companies.

 

Section 12.16. 
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 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 entity, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or
other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or
any other Loan Document; or

 

(iii)         
the variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of the applicable
Resolution Authority.

 

To the extent not prohibited by applicable law,
rule or regulation, each Lender shall notify the Company and the Administrative Agent if it has become the subject of a Bail-In Action
(or any case or other proceeding in which a Bail-In Action could reasonably be expected to be asserted against such Lender).

 

    118 

     

    

 

Section 12.17. 
Acknowledgement Regarding Any Supported QFCs

 

. To the extent that the Loan Documents provide
support, through a guarantee or otherwise, for Swap Agreements or any other agreement or instrument that is a QFC (such support “QFC
Credit Support” and each such QFC a “Supported QFC”), the parties 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):

 

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

 

[Signature pages follow]

 

    119 

     

    

 

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

 

	 	CUMMINS INC.
	 	 
	 	By:	 
	 	 	Name: 
	 	 	Title:
	 	 
	 	CUMMINS EMEA HOLDINGS LIMITED
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 
	 	CMI NETHERLANDS HOLDINGS B.V.
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

[Signature Page to Amended
and Restated Credit Agreement (Cummins 2021)]

 

    

     

    

 

	 	JPMORGAN CHASE BANK, N.A., 
 as Administrative Agent, an Issuing Bank, a Swingline
    Lender and a Lender
	 	 	 
	 	 	By:	 
	 	 	 	Name:

    Title:

 

[Signature Page to Amended
and Restated Credit Agreement (Cummins 2021)]

 

    

     

    

 

	 	BANK OF AMERICA, N.A., 
 as an Issuing Bank, a Swingline Lender and a Lender
	 	 	 
	 	 	By:	 
	 	 	 	Name:

    Title:

 

[Signature Page to Amended
and Restated Credit Agreement (Cummins 2021)]

 

    

     

    

 

	 	CITIBANK, N.A.,
 as an Issuing Bank, a Swingline Lender and a Lender
	 	 	 
	 	 	By:	 
	 	 	 	Name:

    Title:

 

[Signature Page to Amended
and Restated Credit Agreement (Cummins 2021)]

 

    

     

    

 

	 	HSBC BANK USA, NATIONAL ASSOCIATION,
 as
    an Issuing Bank, a Swingline Lender and a Lender
	 	 	 
	 	 	By:	 
	 	 	 	Name:

    Title:

 

[Signature Page to Amended
and Restated Credit Agreement (Cummins 2021)]

 

    

     

    

 

	 	ING BANK N.V., DUBLIN BRANCH,
 as an Issuing
    Bank, a Swingline Lender and a Lender
	 	 	 
	 	 	By:	 
	 	 	 	Name:

    Title:

	 	 	 	 
	 	 	By:	 
	 	 	 	Name:

    Title:

    

 

[Signature Page to Amended
and Restated Credit Agreement (Cummins 2021)]

 

    

     

    

 

	 	CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as a Lender
	 	 	 
	 	 	By:	 
	 	 	 	Name:

    Title:

 

[Signature Page to Amended
and Restated Credit Agreement (Cummins 2021)]

 

    

     

    

 

	 	GOLDMAN SACHS BANK USA, as a Lender
	 	 	 
	 	 	By:	 
	 	 	 	Name:

    Title:

 

[Signature Page to Amended
and Restated Credit Agreement (Cummins 2021)]

 

    

     

    

 

	 	mizuho bank, ltd., as a Lender
	 	 	 
	 	 	By:	 
	 	 	 	Name:

    Title:

 

[Signature Page to Amended
and Restated Credit Agreement (Cummins 2021)]

 

    

     

    

 

	 	mufg bank, ltd., as a Lender
	 	 	 
	 	 	By:	 
	 	 	 	Name:

    Title:

 

[Signature Page to Amended
and Restated Credit Agreement (Cummins 2021)]

 

    

     

    

 

 

	 	STANDARD CHARTERED BANK., as a Lender
	 	 	 
	 	 	By:	 
	 	 	 	Name:

    Title:

 

[Signature Page to Amended
and Restated Credit Agreement (Cummins 2021)]

 

    

     

    

 

	 	U.S. BANK NATIONAL ASSOCIATION, as a Lender
	 	 	 
	 	 	By:	 
	 	 	 	Name:

    Title:

 

[Signature Page to Amended
and Restated Credit Agreement (Cummins 2021)]

 

    

     

    

 

	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender
	 	 	 
	 	 	By:	 
	 	 	 	Name:

    Title:

 

[Signature Page to Amended
and Restated Credit Agreement (Cummins 2021)]

 

    

     

    

 

	 	AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED, as a Lender
	 	 	 
	 	 	By:	 
	 	 	 	Name:

    Title:

 

[Signature Page to Amended
and Restated Credit Agreement (Cummins 2021)]

 

    

     

    

 

	 	BANK OF CHINA, NEW YORK BRANCH, as a Lender
	 	 	 
	 	 	By:	 
	 	 	 	Name:

    Title:

 

[Signature Page to Amended
and Restated Credit Agreement (Cummins 2021)]

 

    

     

    

 

	 	PNC BANK, NATIONAL ASSOCIATION, as a Lender
	 	 	 
	 	 	By:	 
	 	 	 	Name:

    Title:

 

[Signature Page to Amended
and Restated Credit Agreement (Cummins 2021)]

 

    

     

    

 

	 	SANTANDER BANK, N.A., as a Lender
	 	 	 
	 	 	By:	 
	 	 	 	Name:

    Title:

 

[Signature Page to Amended
and Restated Credit Agreement (Cummins 2021)]

 

    

     

    

 

	 	THE BANK OF NOVA SCOTIA, as a Lender
	 	 	 
	 	 	By:	 
	 	 	 	Name:

    Title:

 

[Signature Page to Amended
and Restated Credit Agreement (Cummins 2021)]

 

    

     

    

 

	 	THE NORTHERN TRUST COMPANY, as a Lender
	 	 	 
	 	 	By:	 
	 	 	 	Name:

    Title:

 

[Signature Page to Amended
and Restated Credit Agreement (Cummins 2021)]

 

    

     

    

 

	 	UNICREDIT BANK AG, NEW YORK BRANCH as a Lender
	 	 	 
	 	 	By:	 
	 	 	 	Name:

    Title:

 

[Signature Page to Amended
and Restated Credit Agreement (Cummins 2021)]Exhibit 4.1

 

THIS
NOTE HAS NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE
UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY,
MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE
EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE
STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY
ACCEPTABLE TO THE COMPANY. THIS NOTE AND THE SECURITIES ISSUABLE UPON CONVERSION OF THIS NOTE MAY BE PLEDGED IN CONNECTION WITH A
BONA FIDE MARGIN ACCOUNT SECURED BY SUCH SECURITIES.

 

WISA TECHNOLOGIES, INC.

 

Form of Senior Secured

Convertible Promissory

Note due August 15, 2024

 

	Note No. 08152022	$3,600,000

Dated: August 15, 2022 (the “Issuance Date”)

 

For value received, WISA TECHNOLOGIES, INC.,
a Delaware corporation (the “Maker” or the “Company”), hereby promises to pay to the order of [_____], a Delaware limited partnership (together with its successors and representatives, the “Holder”),
in accordance with the terms hereinafter provided, the principal amount of THREE MILLION SIX HUNDRED THOUSAND DOLLARS ($3,600,000.00)
(the “Principal Amount”).

 

All payments under or pursuant
to this Senior Secured Convertible Promissory Note (this “Note”) shall be made in United States Dollars in immediately
available funds to the Holder at the address of the Holder set forth in the Purchase Agreement (as hereinafter defined) or at such other
place as the Holder may designate from time to time in writing to the Maker or by wire transfer of funds to the Holder’s account,
instructions for which are attached hereto as Exhibit A. The outstanding principal balance of this Note shall be due and payable
on August 15, 2024 (the “Maturity Date”) or at such earlier time as provided herein; provided, that the Holder,
in its sole discretion, may extend the Maturity Date to any date after the original Maturity Date. In the event that the Maturity Date
shall fall on Saturday or Sunday, such Maturity Date shall be the next succeeding Business Day. All calculations made pursuant to this
Note shall be rounded down to three decimal places.

 

     

     

    

 

ARTICLE 1

 

1.1            Purchase
Agreement. This Note has been executed and delivered pursuant to the Securities Purchase Agreement, dated as of August 15, 2022
(as the same may be amended from time to time, the “Purchase Agreement”), by and between the Maker and the Holder.
Capitalized terms used and not otherwise defined herein shall have the meanings set forth for such terms in the Purchase Agreement.

 

1.2            Interest.
Except as set forth in Section 2.2, this Note shall not bear interest.

 

1.3            Prepayment.     At
any time after the Issuance Date, the Maker may repay all (but not less than all) of the Outstanding Principal Amount upon at least ten
(10) days’ written notice of the Holder (the “Prepayment Notice”). If the Maker elects to prepay this Note
pursuant to the provisions of this Section 1.3, the Holder shall have the right, upon written notice to the Maker (a “Prepayment
Conversion Notice”) within five (5) Business Days of the Holder’s receipt of a Prepayment Notice, to convert up to
thirty-three percent (33%) of the Principal Amount (the “Maximum Amount”) at the Conversion Price (as defined below),
in accordance with the provisions of Article 3, specifying the Principal Amount (up to the Maximum Amount) that the Holder will convert.
Upon delivery of a Prepayment Notice, the Maker irrevocably and unconditionally agrees to, within five (5) Business Days of receiving
a Prepayment Conversion Notice, and if no Prepayment Conversion Notice is received, within ten (10) Business Days of delivery of
a Prepayment Notice: (i) repay the Outstanding Principal Amount minus the Principal Amount set forth in the Prepayment Conversion
Notice and (ii) issue the applicable Conversion Shares to the Holder in accordance with Article 3. The foregoing notwithstanding,
the Maker may not deliver a Prepayment Notice with respect to any Outstanding Principal Amount that is subject to a Conversion Notice
delivered by the Holder in accordance with Article 3.

 

1.4            Delisting
from a Trading Market.     If at any time the Common Stock ceases
to be listed on a Trading Market, (i) the Holder may deliver a demand for payment to the Company and, if such a demand is delivered,
the Company shall, within ten (10) Business Days following receipt of the demand for payment from the Holder, pay all of the Outstanding
Principal Amount or (ii) the Holder may, at its election, after the six-month anniversary of the Issuance Date or earlier if a Registration
Statement covering the Conversion Shares has been declared effective, upon notice to the Company in accordance with Section 5.1,
convert all or a portion of the Outstanding Principal Amount and the Conversion Price shall be adjusted to the lower of (A) the then-current
Conversion Price and (A) eighty percent (80%) of the average of the three (3) lowest daily VWAPs during the twenty (20) Trading
Days prior to delivery by the Holder of its notice of conversion pursuant to this Section 1.4.

 

1.5            Payment
on Non-Business Days. Whenever any payment to be made shall be due on a day which is not a Business Day, such payment may be due on
the next succeeding Business Day.

 

1.6            Transfer.
This Note may be transferred or sold, subject to the provisions of Section 5.8 of this Note, or pledged, hypothecated or otherwise
granted as security by the Holder.

 

    2

     

    

 

1.7            Replacement.
Upon receipt of a duly executed and notarized written statement from the Holder with respect to the loss, theft or destruction of this
Note (or any replacement hereof), or, in the case of a mutilation of this Note, upon surrender and cancellation of such Note, the Maker
shall issue a new Note, of like tenor and amount, in lieu of such lost, stolen, destroyed or mutilated Note.

 

1.8            Use
of Proceeds. The Maker shall use the proceeds of this Note as set forth in the Purchase Agreement.

 

1.9            Status
of Note and Security Interest. The obligations of the Maker under this Note shall be senior to all other existing Indebtedness and
equity of the Company. Upon any Liquidation Event (as hereinafter defined), the Holder will be entitled to receive, before any distribution
or payment is made upon, or set apart with respect to, any Indebtedness of the Maker or any class of capital stock of the Maker, an amount
equal to the Outstanding Principal Amount. For purposes of this Note, “Liquidation Event” means a liquidation pursuant
to a filing of a petition for bankruptcy under applicable law or any other insolvency or debtor’s relief, an assignment for the
benefit of creditors, or a voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Maker.

 

1.10            Secured
Note. The full amount of this Note is secured by the Collateral (as defined in the Security Agreement) identified and described as
security therefor in the Security Agreement, the Pledge Agreement, the Company Patent Security Agreement and the Company Trademark Security
Agreement. In addition, the obligations are also guaranteed by the Company’s wholly-owned subsidiary, WiSA, LLC (“WiSA
LLC”) pursuant to the WiSA LLC Guaranty, and all of WiSA LLC’s obligations under the WiSA LLC Guaranty are secured by
the “Collateral” (as defined in the WiSA LLC Security Agreement) identified and described as security therefor in the WiSA
LLC Security Agreement and the WiSA LLC Trademark Security Agreement.

 

1.11            Tax
Treatment. The Maker and the Holder agree that for U.S. federal income tax purposes, and applicable state, local and non-U.S. income
tax purposes, this Note is not intended to be, and shall not be, treated as indebtedness. Neither the Maker nor the Holder shall take
any contrary position on any tax return, or in any audit, claim, investigation, inquiry or proceeding in respect of Taxes, unless otherwise
required pursuant to a final determination within the meaning of Section 1313 of the Internal Revenue Code of 1986, as amended (the
 “Code”), or any analogous provision of applicable state, local or non-U.S. law.

 

ARTICLE 2

 

2.1            Events
of Default. An “Event of Default” under this Note shall mean the occurrence of any of the events defined in the
Purchase Agreement, and any of the additional events described below:

 

(a)            any
default in the payment of (i) the Principal Amount hereunder when due; or (ii) liquidated damages in respect of this Note as
and when the same shall become due and payable (whether on the Maturity Date or by acceleration or otherwise);

 

    3

     

    

 

(b)            the
Maker shall fail to observe or perform any other covenant, condition or agreement contained in this Note or any Transaction Document or
WiSA LLC shall fail to observe or perform any covenant, condition or agreement contained in any Transaction Document to which it is a
party;

 

(c)            the
Maker’s notice to the Holder, including by way of public announcement, at any time, of its inability to comply (including for any
of the reasons described in Section 3.6(a) hereof) or its intention not to comply with proper requests for conversion
of this Note into shares of Common Stock;

 

(d)            the
Maker shall fail to (i) timely deliver the shares of Common Stock as and when required in Section 3.2; or (ii) make
the payment of any fees and/or liquidated damages under this Note, the Purchase Agreement or the other Transaction Documents;

 

(e)            default
shall be made in the performance or observance of any material covenant, condition or agreement contained in the Purchase Agreement or
any other Transaction Document that is not covered by any other provisions of this Section 2.1;

 

(f)            at
any time the Maker shall fail to have a sufficient number of shares of Common Stock authorized, reserved and available for issuance to
satisfy the potential conversion in full (disregarding for this purpose any and all limitations of any kind on such conversion) of this
Note or upon exercise of the Warrant;

 

(g)            any
representation or warranty made by the Maker or any of its Subsidiaries herein or in the Purchase Agreement, this Note, the Warrant or
any other Transaction Document shall prove to have been false or incorrect or breached in a material respect on the date as of which made;

 

(h)            unless
otherwise approved in writing in advance by the Holder, the Maker shall, or shall announce an intention to pursue or consummate a Change
of Control, or a Change of Control shall be consummated, or the Maker shall negotiate, propose or enter into any agreement, understanding
or arrangement with respect to any Change of Control;

 

(i)            the
Maker or any of its Subsidiaries shall (A) default in any payment of any amount or amounts of principal of or interest (if any) on
any Indebtedness (other than the Indebtedness hereunder), the aggregate principal amount of which Indebtedness is in excess of $250,000
or (B) default in the observance or performance of any other agreement or condition relating to any such Indebtedness or contained
in any instrument or agreement evidencing, securing or relating thereto, or any other event shall occur or condition exist, the effect
of which default or other event or condition is to cause, or to permit the holder or holders or beneficiary or beneficiaries of such Indebtedness
to cause with the giving of notice if required, such Indebtedness to become due prior to its stated maturity;

 

    4

     

    

 

(j)            the
Maker or any of its Subsidiaries shall: (i) apply for or consent to the appointment of, or the taking of possession by, a receiver,
custodian, trustee or liquidator of itself or of all or a substantial part of its property or assets; (ii) make a general assignment
for the benefit of its creditors; (iii) commence a voluntary case under the United States Bankruptcy Code (as now or hereafter in
effect) or under the comparable laws of any jurisdiction (foreign or domestic); (iv) file a petition seeking to take advantage of
any bankruptcy, insolvency, moratorium, reorganization or other similar law affecting the enforcement of creditors’ rights generally;
(v) acquiesce in writing to any petition filed against it in an involuntary case under United States Bankruptcy Code (as now or hereafter
in effect) or under the comparable laws of any jurisdiction (foreign or domestic); (vi) issue a notice of bankruptcy or winding down
of its operations or issue a press release regarding same; or (vii) take any action under the laws of any jurisdiction (foreign or
domestic) analogous to any of the foregoing;

 

(k)            a
proceeding or case shall be commenced in respect of the Maker or any of its Subsidiaries, without its application or consent, in any court
of competent jurisdiction, seeking: (i) the liquidation, reorganization, moratorium, dissolution, winding up, or composition or readjustment
of its debts; (ii) the appointment of a trustee, receiver, custodian, liquidator or the like of it or of all or any substantial part
of its assets in connection with the liquidation or dissolution of the Maker or any of its Subsidiaries; or (iii) similar relief
in respect of it under any law providing for the relief of debtors, and such proceeding or case described in clause (i), (ii) or
(iii) shall continue undismissed, or unstayed and in effect, for a period of forty-five (45) days or any order for relief shall be
entered in an involuntary case under United States Bankruptcy Code (as now or hereafter in effect) or under the comparable laws of any
jurisdiction (foreign or domestic) against the Maker or any of its Subsidiaries or action under the laws of any jurisdiction (foreign
or domestic) analogous to any of the foregoing shall be taken with respect to the Maker or any of its Subsidiaries and shall continue
undismissed, or unstayed and in effect for a period of forty-five (45) days;

 

(l)            one
or more final judgments or orders for the payment of money aggregating in excess of $250,000 (or its equivalent in the relevant currency
of payment) are rendered against one or more of the Company and its Subsidiaries;

 

(m)            the
failure of the Maker to instruct its transfer agent to remove any legends from shares of Common Stock and issue such unlegended certificates
to the Holder within three (3) Trading Days of the Holder’s request so long as the Holder has provided reasonable assurances
to the Maker that such shares of Common Stock can be sold pursuant to Rule 144 or any other applicable exemption;

 

(n)            the
Maker’s shares of Common Stock are no longer publicly traded or cease to be listed on the Trading Market or, after the six month
anniversary of the Issuance Date, any Investor Shares may not be immediately resold under Rule 144 without restriction on the number
of shares to be sold or manner of sale, unless such Investor Shares have been registered for resale under the 1933 Act and may be sold
without restriction;

 

(o)            the
Maker consummates a “going private” transaction and as a result the Common Stock is no longer registered under Sections 12(b) or
12(g) of the 1934 Act;

 

    5

     

    

 

(p)            there
shall be any SEC or judicial stop trade order or trading suspension stop-order or any restriction in place with the transfer agent for
the Common Stock restricting the trading of such Common Stock;

 

(q)            the
Depository Trust Company places any restrictions on transactions in the Common Stock or the Common Stock is no longer tradeable through
the Depository Trust Company Fast Automated Securities Transfer program;

 

(r)            the
Company’s Market Capitalization is below $2,500,000 for ten (10) consecutive days; or

 

(s)            the
occurrence of a Material Adverse Effect in respect of the Maker, or the Maker and its Subsidiaries taken as a whole.

 

For the avoidance of doubt, any default pursuant
to clause (i) above shall not be subject to any cure periods pursuant to the instrument governing such Indebtedness or this Note.

 

2.2            Remedies
Upon an Event of Default.

 

(a)            Upon
the occurrence of any Event of Default that has not been remedied within (i) two (2) Business Days for an Event of Default occurring
by the Company’s failure to comply with Section 7.1(c) of the Purchase Agreement or Section 3.2 of
this Note, or (ii) ten (10) Business Days for all other Events of Default, provided, however, that there shall
be no cure period for an Event of Default described in Section 2.1(i), 2.1(j) or 2.1(k), the Maker shall
be obligated to pay to the Holder the Mandatory Default Amount, which Mandatory Default Amount shall be earned by the Holder on the date
the Event of Default giving rise thereto occurs and shall be due and payable on the earlier to occur of the Maturity Date, upon conversion,
redemption or prepayment of this Note or the date on which all amounts owing hereunder have been accelerated in accordance with the terms
hereof.

 

(b)            Upon
the occurrence of any Event of Default, the Maker shall, as promptly as possible but in any event within one (1) Business Day of
the occurrence of such Event of Default, notify the Holder of the occurrence of such Event of Default, describing the event or factual
situation giving rise to the Event of Default and specifying the relevant subsection or subsections of Section 2.1 hereof
under which such Event of Default has occurred.

 

    6

     

    

 

(c)            If
an Event of Default shall have occurred and shall not have been remedied within (i) two (2) Business Days for an Event of Default
occurring by the Company’s failure to comply with Section 7.1(c) of the Purchase Agreement or Section 3.2
of this Note, or (ii) ten (10) Business Days for all other Events of Default, provided, however, that there
shall be no cure period for an Event of Default described in Section 2.1(i), 2.1(j) or 2.1(k), the Holder
may at any time at its option declare the Mandatory Default Amount due and payable, and thereupon, the same shall be accelerated and so
due and payable, without presentment, demand, protest, or notice, all of which are hereby expressly unconditionally and irrevocably waived
by the Maker; provided, further, however, that (x) upon the occurrence of an Event of Default described above, the Holder,
in its sole and absolute discretion, may: (a) from time-to-time demand that all or a portion of the Outstanding Principal Amount
be converted into shares of Common Stock at the lower of (i) the then-current Conversion Price and (ii) eighty-percent (80%)
of the average of the three (3) lowest daily VWAPs during the twenty (20) Trading Days prior to the delivery by the Holder of the
applicable notice of conversion, which price shall not be lower than the Floor Price (as defined below) in the event Stockholder Approval
has not been obtained; or (b) exercise or otherwise enforce any one or more of the Holder’s rights, powers, privileges, remedies
and interests under this Note, the Purchase Agreement, the other Transaction Documents or applicable law and (y) upon the occurrence
of an Event of Default described in clauses (k) or (l) above, the Mandatory Default Amount shall become immediately due and
payable without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Maker. No course of delay
on the part of the Holder shall operate as a waiver thereof or otherwise prejudice the rights of the Holder. No remedy conferred hereby
shall be exclusive of any other remedy referred to herein or now or hereafter available at law, in equity, by statute or otherwise.

 

ARTICLE 3

 

3.1            Conversion.

 

(a)            Conversion.
At any time following the Conversion Trigger Date, subject to Section 3.3, this Note shall be convertible (in whole or in
part), at the option of the Holder, into such number of fully paid and non-assessable shares of Common Stock as is determined by dividing
(x) that portion of the Outstanding Principal Amount that the Holder elects to convert (the “Conversion Amount”)
by (y) the Conversion Price then in effect on the date on which the Holder delivers a notice of conversion, in substantially the
form attached hereto as Exhibit B (the “Conversion Notice”), in accordance with Section 5.1
to the Maker; provided, that, in the event that the Conversion Price is the Variable Conversion Price, the Maker shall have the right,
upon written notice to the Holder (a “Cash Conversion Notice”) within three (3) Business Days of the Maker’s
receipt of a Conversion Notice, to, in lieu of delivering Conversion Shares, satisfy the Conversion Notice by paying in cash one hundred
and five percent (105%) of the Conversion Amount set forth in the applicable Conversion Notice. The Holder shall deliver this Note to
the Maker at the address designated in the Purchase Agreement at such time that this Note is fully converted. With respect to partial
conversions of this Note, the Maker shall keep written records of the amount of this Note converted as of the date of such conversion
(each, a “Conversion Date”).

 

(b)            Conversion
Price. The “Conversion Price” means the lesser of: (i) ninety percent (90%) of the average of the five (5) lowest
daily VWAPs during the twenty (20) Trading Days prior to the delivery of the applicable Conversion Notice (the “Variable Conversion
Price”); and (ii) $0.926 (the “Base Conversion Price”), provided, that the Conversion Price shall not
be lower than $0.50 (the “Floor Price”); provided, that if the Conversion Price is deemed to be the Floor Price, then
the Maker will also pay to the Holder a cash amount equal to the following formula; and provided further, that the Floor Price shall not
apply in the event that Stockholder Approval has been obtained:

 

    7

     

    

 

(A – B) x C

 

Where:

 

A: Number of shares of Common Stock
that would be issued to the Holder on such Conversion Date determined by dividing the Principal Amount being paid in shares of Common
Stock by ninety percent (90%) of the average of the five (5) lowest daily VWAPs during the twenty (20) Trading Days prior to such
Conversion Date (notwithstanding the Floor Price);

 

B: Number of Conversion Shares issued
to the Holder in connection with such Conversion Date; and

 

C: the VWAP on the Conversion
Date.

 

provided further, that, following any
transaction or event that would, but for the preceding proviso, lower the Conversion Price to below the Floor Price, upon the delivery
of a Conversion Notice the Holder may, in its sole discretion, either (i) receive the number of shares of Common Stock equal to the
relevant Conversion Amount divided by the Floor Price or (ii) require the Maker to redeem the relevant Conversion Amount at 103%
of the applicable Conversion Amount in immediately available funds.

 

(c)            Conversion
Limitation. During the Limitation Period, this Note shall only be convertible by the Holder to the extent that the aggregate amount
of Outstanding Principal Amount voluntary converted pursuant to Section 3.1(a) does not exceed $250,000 during any calendar
month; provided, (i) during any period where the Maker’s Market Capitalization is greater than $18 million or less than $5
million, (ii) upon the occurrence of any Event of Default that has not been remedied, or (iii) in the event Stockholder Approval
has been obtained, the limitations set forth in this Section 3.1(c) shall not apply and there shall be no limitation
on the Holder’s ability to convert this Note pursuant to Section 3.1(a).

 

(d)            Stockholder
Approval. The Company shall not be required to issue any Conversion Shares if such issuance would cause the Company to be required
to obtain the Stockholder Approval either pursuant to the rules and regulations of the Trading Market or otherwise until such Stockholder
Approval has been obtained.

 

3.2            Delivery
of Conversion Shares. As soon as practicable after any conversion in accordance with this Note and in any event within three (3) Trading
Days thereafter (such date, the “Share Delivery Date”), the Maker shall, at its expense, cause to be issued in the
name of and delivered to the Holder, or as the Holder may direct, a certificate or certificates evidencing the number of fully paid and
non-assessable shares of Common Stock to which the Holder shall be entitled on such conversion (the “Conversion Shares”),
in such denominations as may be requested by the Holder, which certificate or certificates shall be free of restrictive and trading legends
(except for any such legends as may be required under the 1933 Act). In lieu of delivering physical certificates for the shares of Common
Stock issuable upon any conversion of this Note, provided the Company’s transfer agent is participating in the Depository Trust
Company (“DTC”) Fast Automated Securities Transfer program or a similar program, upon request of the Holder, the Company
shall cause its transfer agent to electronically transmit such shares of Common Stock issuable upon conversion of this Note to the Holder
(or its designee), by crediting the account of the Holder’s (or such designee’s) broker with DTC through its Deposit Withdrawal
Agent Commission system (provided that the same time periods herein as for stock certificates shall apply) as instructed by the Holder
(or its designee).

 

    8

     

    

 

3.3            Ownership
Cap. Notwithstanding anything to the contrary contained herein, the Holder shall not be entitled to receive shares representing Equity
Interests upon conversion of this Note to the extent (but only to the extent) that such exercise or receipt would cause the Holder Group
(as defined below) to become, directly or indirectly, a “beneficial owner” (within the meaning of Section 13(d) of
the 1934 Act and the rules and regulations promulgated thereunder) of a number of Equity Interests of a class that is registered
under the 1934 Act which exceeds the Maximum Percentage (as defined below) of the Equity Interests of such class that are outstanding
at such time. Any purported delivery of Equity Interests in connection with the conversion of this Note prior to the termination of this
restriction in accordance herewith shall be void and have no effect to the extent (but only to the extent) that such delivery would result
in the Holder Group becoming the beneficial owner of more than the Maximum Percentage of the Equity Interests of a class that is registered
under the 1934 Act that is outstanding at such time. If any delivery of Equity Interests owed to the Holder following conversion of this
Note is not made, in whole or in part, as a result of this limitation, the Company’s obligation to make such delivery shall not
be extinguished and the Company shall deliver such Equity Interests as promptly as practicable after the Holder gives notice to the Company
that such delivery would not result in such limitation being triggered or upon termination of the restriction in accordance with the terms
hereof. To the extent limitations contained in this Section 3.3 apply, the determination of whether this Note is convertible
and of which portion of this Note is convertible shall be the sole responsibility and in the sole determination of the Holder, and the
submission of a notice of conversion shall be deemed to constitute the Holder’s determination that the issuance of the full number
of Conversion Shares requested in the notice of conversion is permitted hereunder, and the Company shall not have any obligation to verify
or confirm the accuracy of such determination. For purposes of this Section 3.3, (i) the term “Maximum Percentage”
shall mean 4.99%; provided, that if at any time after the date hereof the Holder Group beneficially owns in excess of 4.99% of any class
of Equity Interests in the Company that is registered under the 1934 Act, then the Maximum Percentage shall automatically increase to
9.99% so long as the Holder Group owns in excess of 4.99% of such class of Equity Interests (and shall, for the avoidance of doubt, automatically
decrease to 4.99% upon the Holder Group ceasing to own in excess of 4.99% of such class of Equity Interests); and (ii) the term “Holder
Group” shall mean the Holder plus any other Person with which the Holder is considered to be part of a group under Section 13
of the 1934 Act or with which the Holder otherwise files reports under Sections 13 and/or 16 of the 1934 Act. In determining the
number of Equity Interests of a particular class outstanding at any point in time, the Holder may rely on the number of outstanding Equity
Interests of such class as reflected in (x) the Company’s most recent Annual Report on Form 10-K or Quarterly Report on
Form 10-Q filed with the Securities and Exchange Commission, as the case may be, (y) a more recent public announcement by the
Company or (z) a more recent notice by the Company or its transfer agent to the Holder setting forth the number of Equity Interests
of such class then outstanding. For any reason at any time, upon written or oral request of the Holder, the Company shall, within one
(1) Business Day of such request, confirm orally and in writing to the Holder the number of Equity Interests of any class then outstanding.
Anything herein to the contrary, any increase in the Beneficial Ownership Limitation will not be effective until the 61st day after such
notice is delivered to the Company. The provisions of this Section 3.3 shall be construed, corrected and implemented in a
manner so as to effectuate the intended beneficial ownership limitation herein contained.

 

    9

     

    

 

3.4            Adjustment
of Base Conversion Price.

 

(a)            Until
the Note has been paid in full or converted in full, the Base Conversion Price shall be subject to adjustment from time to time as follows
(but shall not be increased, other than pursuant to Section 3.4(a)(i) hereof):

 

(i)            Adjustments
for Stock Splits and Combinations. If the Maker shall at any time or from time to time after the Closing Date (but whether before
or after the Issuance Date) effect a split of the outstanding Common Stock, the applicable Base Conversion Price in effect immediately
prior to the stock split shall be proportionately decreased. If the Maker shall at any time or from time to time after the Closing Date
(but whether before or after the Issuance Date), combine the outstanding shares of Common Stock, the applicable Base Conversion Price
in effect immediately prior to the combination shall be proportionately increased. Any adjustments under this Section 3.4(a)(i) shall
be effective at the close of business on the date the stock split or combination occurs.

 

(ii)            Adjustments
for Certain Dividends and Distributions. If the Maker shall at any time or from time to time after the Closing Date (but whether before
or after the Issuance Date) make or issue or set a record date for the determination of holders of Common Stock entitled to receive a
dividend or other distribution payable in shares of Common Stock, then, and in each event, the applicable Base Conversion Price in effect
immediately prior to such event shall be decreased as of the time of such issuance or, in the event such record date shall have been fixed,
as of the close of business on such record date, by multiplying the applicable Base Conversion Price then in effect by a fraction:

 

(1)            the
numerator of which shall be the total number of shares of Common Stock issued and outstanding immediately prior to the time of such issuance
or the close of business on such record date; and

 

(2)            the
denominator of which shall be the total number of shares of Common Stock issued and outstanding immediately prior to the time of such
issuance or the close of business on such record date plus the number of shares of Common Stock issuable in payment of such dividend or
distribution.

 

    10

     

    

 

(iii)            Adjustment
for Other Dividends and Distributions. If the Maker shall at any time or from time to time after the Closing Date (but whether before
or after the Issuance Date) make or issue or set a record date for the determination of holders of Common Stock entitled to receive a
dividend or other distribution payable in other than shares of Common Stock, then, and in each event, an appropriate revision to the applicable
Base Conversion Price shall be made and provision shall be made (by adjustments of the Base Conversion Price or otherwise) so that the
Holder of this Note shall receive upon conversions thereof, in addition to the number of shares of Common Stock receivable thereon, the
number of securities of the Maker or other issuer (as applicable) or other property that it would have received had this Note been converted
into Common Stock in full (without regard to any conversion limitations herein) on the date of such event and had thereafter, during the
period from the date of such event to and including the Conversion Date, retained such securities (together with any distributions payable
thereon during such period) or assets, giving application to all adjustments called for during such period under this Section 3.4(a)(iii) with
respect to the rights of the holders of this Note; provided, however, that if such record date shall have been fixed and such dividend
is not fully paid or if such distribution is not fully made on the date fixed therefor, the Base Conversion Price shall be adjusted pursuant
to this paragraph as of the time of actual payment of such dividends or distributions.

 

(iv)            Adjustments
for Reclassification, Exchange or Substitution. If the Common Stock at any time or from time to time after the Closing Date (but whether
before or after the Issuance Date) shall be changed to the same or different number of shares or other securities of any class or classes
of stock or other property, whether by reclassification, exchange, substitution or otherwise (other than by way of a stock split or combination
of shares or stock dividends provided for in Sections 3.4(a)(i), (ii) and (iii) hereof, or a reorganization, merger,
consolidation, or sale of assets provided for in Section 3.4(a)(v) hereof), then, and in each event, an appropriate revision
to the Base Conversion Price shall be made and provisions shall be made (by adjustments of the Base Conversion Price or otherwise) so
that the Holder shall have the right thereafter to convert this Note into the kind and amount of shares of stock or other securities or
other property receivable upon reclassification, exchange, substitution or other change, by holders of the number of shares of Common
Stock into which such Note might have been converted immediately prior to such reclassification, exchange, substitution or other change,
all subject to further adjustment as provided herein.

 

(v)            Adjustments
for Issuance of Additional Shares of Common Stock. In the event the Maker shall at any time or from time to time after the Closing
Date (but whether before or after the Issuance Date) issue or sell any additional shares of Common Stock (“Additional Shares
of Common Stock”), other than (A) as provided in this Note (including the foregoing subsections (i) through (iv) of
this Section 3.4(a)), pursuant to any Equity Plan (including pursuant to Common Stock Equivalents granted or issued under
any Equity Plan), (B) pursuant to Common Stock Equivalents granted or issued prior to the Closing Date, or (C) Exempted Securities,
in any case, at an effective price per share that is less than the Base Conversion Price then in effect or without consideration,
then the Base Conversion Price upon each such issuance shall be reduced to a price equal to the consideration per share paid for such
Additional Shares of Common Stock. For purposes of clarification, the amount of consideration received for such Additional Shares of Common
Stock shall not include the value of any additional securities or other rights received in connection with such issuance of Additional
Shares of Common Stock (i.e. warrants, rights of first refusal or other similar rights).

 

    11

     

    

 

(vi)            Issuance,
Amendment or Adjustment of Common Stock Equivalents. Except for Exempted Securities, if (x) the Maker, at any time after the
Closing Date (but whether before or after the Issuance Date), shall issue any securities convertible into or exercisable or exchangeable
for, directly or indirectly, Common Stock (“Convertible Securities”), or any rights or warrants or options to purchase
any such Common Stock or Convertible Securities, other than Common Stock Equivalents granted or issued under any Equity Plan (collectively
with the Convertible Securities, the “Common Stock Equivalents”) and the price per share for which shares of Common
Stock may be issuable pursuant to any such Common Stock Equivalent shall be less than the applicable Base Conversion Price
then in effect, or (y) the price per share for which shares of Common Stock may be issuable under any Common Stock Equivalents is
amended or adjusted, pursuant to the terms of such Common Stock Equivalents or otherwise, and such price as so amended or adjusted shall
be less than the applicable Base Conversion Price in effect at the time of such amendment or adjustment, then, in each such case (x) or
(y), the applicable Base Conversion Price upon each such issuance or amendment or adjustment shall be adjusted as provided in subsection
(vi) of this Section 3.4(a) as if the maximum number of shares of Common Stock issuable upon conversion, exercise
or exchange of such Common Stock Equivalents had been issued on the date of such issuance or amendment or adjustment.

 

(vii)            Consideration
for Stock. In case any shares of Common Stock or any Common Stock Equivalents shall be issued or sold:

 

(1)            in
connection with any merger or consolidation in which the Maker is the surviving corporation (other than any consolidation or merger in
which the previously outstanding shares of Common Stock of the Maker shall be changed to or exchanged for the stock or other securities
of another corporation), the amount of consideration therefor shall be, deemed to be the fair value, as determined reasonably and in good
faith by the Board of Directors of the Maker and approved by the Holder, of such portion of the assets and business of the nonsurviving
corporation as such Board of Directors may determine to be attributable to such shares of Common Stock, Convertible Securities, rights
or warrants or options, as the case may be; or

 

(2)            in
the event of any consolidation or merger of the Maker in which the Maker is not the surviving corporation or in which the previously outstanding
shares of Common Stock of the Maker shall be changed into or exchanged for the stock or other securities of another corporation or other
property, or in the event of any sale of all or substantially all of the assets of the Maker for stock or other securities or other property
of any corporation, the Maker shall be deemed to have issued shares of its Common Stock, at a price per share equal to the valuation of
the Maker’s Common Stock based on the actual exchange ratio on which the transaction was predicated, as applicable, and the fair
market value on the date of such transaction of all such stock or securities or other property of the other corporation. If any such calculation
results in adjustment of the applicable Base Conversion Price, or the number of shares of Common Stock issuable upon conversion of the
Note, the determination of the applicable Base Conversion Price or the number of shares of Common Stock issuable upon conversion of the
Note immediately prior to such merger, consolidation or sale, shall be made after giving effect to such adjustment of the number of shares
of Common Stock issuable upon conversion of the Note. In the event Common Stock is issued with other shares or securities or other assets
of the Maker for consideration which covers both, the consideration computed as provided in this Section 3.4(a)(vii) shall
be allocated among such securities and assets as determined in good faith by the Board of Directors of the Maker, and approved by the
Holder.

 

    12

     

    

 

(viii)            Record
Date. In case the Maker shall take record of the holders of its Common Stock for the purpose of entitling them to subscribe for or
purchase Common Stock or Convertible Securities, then the date of the issue or sale of the shares of Common Stock shall be deemed to be
such record date.

 

(b)            No
Impairment. The Maker shall not, by amendment of its Certificate of Incorporation or through any reorganization, transfer of assets,
consolidation, merger, dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or
performance of any of the terms to be observed or performed hereunder by the Maker, but will at all times in good faith assist in the
carrying out of all the provisions of this Section 3.4 and in the taking of all such action as may be necessary or appropriate
in order to protect the conversion rights of the Holder against impairment. In the event the Holder shall elect to convert this Note as
provided herein, the Maker cannot refuse conversion based on any claim that the Holder or anyone associated or affiliated with the Holder
has been engaged in any violation of law, violation of an agreement to which the Holder is a party or for any reason whatsoever, unless,
an injunction from a court, or notice, restraining and or adjoining conversion of this Note shall have issued and the Maker posts a surety
bond for the benefit of the Holder in an amount equal to one hundred fifty percent (150%) of the Principal Amount of the Note the Holder
has elected to convert, which bond shall remain in effect until the completion of arbitration/litigation of the dispute and the proceeds
of which shall be payable to the Holder (as liquidated damages) in the event it obtains judgment.

 

(c)            Certificates
as to Adjustments. Upon occurrence of each adjustment or readjustment of the Base Conversion Price or number of shares of Common Stock
issuable upon conversion of this Note pursuant to this Section 3.4, the Maker at its expense shall promptly compute such adjustment
or readjustment in accordance with the terms hereof and furnish to the Holder a certificate setting forth such adjustment and readjustment,
showing in detail the facts upon which such adjustment or readjustment is based. The Maker shall, upon written request of the Holder,
at any time, furnish or cause to be furnished to the Holder a like certificate setting forth such adjustments and readjustments, the applicable
Base Conversion Price in effect at the time, and the number of shares of Common Stock and the amount, if any, of other securities or property
which at the time would be received upon the conversion of this Note. Notwithstanding the foregoing, the Maker shall not be obligated
to deliver a certificate unless such certificate would reflect an increase or decrease of at least one percent (1%) of such adjusted amount.

 

(d)            Issue
Taxes. The Maker shall pay any and all issue and other taxes, excluding federal, state or local income taxes, that may be payable
in respect of any issue or delivery of shares of Common Stock on conversion of this Note pursuant thereto; provided, however, that
the Maker shall not be obligated to pay any transfer taxes resulting from any transfer requested by the Holder in connection with any
such conversion.

 

(e)            Fractional
Shares. No fractional shares of Common Stock shall be issued upon conversion of this Note. In lieu of any fractional shares to which
the Holder would otherwise be entitled, the Maker shall pay cash equal such fractional shares multiplied by the Conversion Price then
in effect.

 

    13

     

    

 

(f)            Reservation
of Common Stock. The Maker shall at all times while this Note shall be outstanding, reserve and keep available out of its authorized
but unissued Common Stock, such number of shares of Common Stock as shall from time to time be sufficient to effect the conversion of
this Note (disregarding for this purpose any and all limitations of any kind on such conversion). The Maker shall, from time to time,
increase the authorized number of shares of Common Stock or take other effective action if at any time the unissued number of authorized
shares shall not be sufficient to satisfy the Maker’s obligations under this Section 3.4(g).

 

(g)            Regulatory
Compliance. If any shares of Common Stock to be reserved for the purpose of conversion of this Note require registration or listing
with or approval of any governmental authority, stock exchange or other regulatory body under any federal or state law or regulation or
otherwise before such shares may be validly issued or delivered upon conversion, the Maker shall, at its sole cost and expense, in good
faith and as expeditiously as possible, secure such registration, listing or approval, as the case may be.

 

(h)            Effect
of Events Prior to the Issuance Date. If the Issuance Date of this Note is after the Closing Date, then, if the Base Conversion Price
or any other right of the Holder of this Note would have been adjusted or modified by operation of any provision of this Note had this
Note been issued on the Closing Date, such adjustment or modification shall be deemed to apply to this Note as of the Issuance Date as
if this Note had been issued on the Closing Date.

 

3.5            Prepayment
Following a Change of Control.

 

(a)            Mechanics
of Prepayment at Option of Holder in Connection with a Change of Control. No sooner than fifteen (15) days prior to entry into an
agreement for a Change of Control nor later than ten (10) days prior to the consummation of a Change of Control, but not prior to
the public announcement of such Change of Control, the Maker shall deliver written notice (“Notice of Change of Control”)
to the Holder. At any time after receipt of a Notice of Change of Control (or, in the event a Notice of Change of Control is not delivered
at least ten (10) days prior to a Change of Control, at any time within ten (10) days prior to a Change of Control), the Holder
may require the Maker to prepay, effective immediately prior to the consummation of such Change of Control, an amount equal to 105% of
the Outstanding Principal Amount(the “COC Repayment Price”), by delivering written notice thereof (“Notice
of Prepayment at Option of Holder Upon Change of Control”) to the Maker.

 

(b)            Payment
of COC Repayment Price. Upon the Maker’s receipt of a Notice(s) of Prepayment at Option of Holder Upon Change of Control
from the Holder, the Maker shall deliver the COC Repayment Price to the Holder immediately prior to the consummation of the Change of
Control; provided that the Holder’s original Note shall have been so delivered to the Maker.

 

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3.6            Inability
to Fully Convert.

 

(a)            Holder’s
Option if Maker Cannot Fully Convert. If, upon the Maker’s receipt of a Conversion Notice or as otherwise required under this
Note, including with respect to repayment of principal in shares of Common Stock as permitted under this Note, the Maker cannot issue
shares of Common Stock for any reason, including, without limitation, because the Maker (x) does not have a sufficient number of
shares of Common Stock authorized and available, (y) is unable to issue the Holder freely tradable shares of Common Stock or (z) is
otherwise prohibited by applicable law or by the rules or regulations of any stock exchange, interdealer quotation system or other
self-regulatory organization with jurisdiction over the Maker or any of its securities from issuing all of the Common Stock which is to
be issued to the Holder pursuant to this Note, then the Maker shall issue as many shares of Common Stock as it is able to issue and, with
respect to the unconverted portion of this Note or with respect to any shares of Common Stock not timely issued in accordance with this
Note, the Holder, solely at Holder’s option, can elect to:

 

(i)            require
the Maker to prepay that portion of this Note for which the Maker is unable to issue Common Stock or for which shares of Common Stock
were not timely issued (the “Mandatory Prepayment”) at a price equal to the number of shares of Common Stock that the
Maker is unable to issue multiplied by the VWAP on the date of the Conversion Notice (the “Mandatory Prepayment Price”);

 

(ii)            void
its Conversion Notice and retain or have returned, as the case may be, this Note that was to be converted pursuant to the Conversion Notice
(provided that the Holder’s voiding its Conversion Notice shall not affect the Maker’s obligations to make any payments which
have accrued prior to the date of such notice); or

 

(iii)            defer
issuance of the applicable Conversion Shares until such time as the Maker can legally issue such shares; provided, that the Principal
Amount underlying such Conversion Shares shall remain outstanding until the delivery of such Conversion Shares; provided, further, that
if the Holder elects to defer the issuance of the Conversion Shares, it may exercise its rights under either clause (i) or (ii) above
at any time prior to the issuance of the Conversion Shares upon two (2) Business Days’ notice to the Maker.

 

(b)            Mechanics
of Fulfilling Holder’s Election. The Maker shall immediately send to the Holder, upon receipt of a Conversion Notice from the
Holder, which cannot be fully satisfied as described in Section 3.6(a) above, a notice of the Maker’s inability
to fully satisfy the Conversion Notice (the “Inability to Fully Convert Notice”). Such Inability to Fully Convert Notice
shall indicate (i) the reason why the Maker is unable to fully satisfy the Holder’s Conversion Notice; and (ii) the amount
of this Note which cannot be converted. The Holder shall notify the Maker of its election pursuant to Section 3.6(a) above
by delivering written notice to the Maker (“Notice in Response to Inability to Convert”).

 

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(c)            Payment
of Mandatory Prepayment Price. If the Holder shall elect to have its Note prepaid pursuant to Section 3.6(a)(i) above,
the Maker shall pay the Mandatory Prepayment Price to the Holder within five (5) Business Days of the Maker’s receipt of the
Holder’s Notice in Response to Inability to Convert; provided that prior to the Maker’s receipt of the Holder’s Notice
in Response to Inability to Convert the Maker has not delivered a notice to the Holder stating, to the satisfaction of the Holder, that
the event or condition resulting in the Mandatory Prepayment has been cured and all Conversion Shares issuable to the Holder can and will
be delivered to the Holder in accordance with the terms of this Note. If the Maker shall fail to pay the applicable Mandatory Prepayment
Price to the Holder on the date that is one (1) Business Day following the Maker’s receipt of the Holder’s Notice in
Response to Inability to Convert, in addition to any remedy the Holder may have under this Note and the Purchase Agreement, such unpaid
amount shall bear interest at the rate of two percent (2%) per month (prorated for partial months) until paid in full. Until the full
Mandatory Prepayment Price is paid in full to the Holder, the Holder may (i) void the Mandatory Prepayment with respect to that portion
of the Note for which the full Mandatory Prepayment Price has not been paid and (ii) receive back such Note.

 

(d)            No
Rights as Stockholder. Nothing contained in this Note shall be construed as conferring upon the Holder, prior to the conversion of
this Note, the right to vote or to receive dividends or to consent or to receive notice as a stockholder in respect of any meeting of
stockholders for the election of directors of the Maker or of any other matter, or any other rights as a stockholder of the Maker.

 

ARTICLE 4

 

4.1            Covenants.
For so long as any Note is outstanding, without the prior written consent of the Holder:

 

(a)            Compliance
with Transaction Documents. The Maker shall, and shall cause its Subsidiaries to, comply with its obligations under this Note and
the other Transaction Documents.

 

(b)            Payment
of Taxes, Etc. The Maker shall, and shall cause each of its Subsidiaries to, promptly pay and discharge, or cause to be paid and discharged,
when due and payable, all lawful taxes, assessments and governmental charges or levies imposed upon the income, profits, property or business
of the Maker and the Subsidiaries, except for such failures to pay that, individually or in the aggregate, have not had and would not
reasonably be expected to have a Material Adverse Effect; provided, however, that any such tax, assessment, charge or levy need not be
paid if the validity thereof shall currently be contested in good faith by appropriate proceedings and if the Maker or such Subsidiaries
shall have set aside on its books adequate reserves with respect thereto, and provided, further, that the Maker and such Subsidiaries
will pay all such taxes, assessments, charges or levies forthwith upon the commencement of proceedings to foreclose any lien which may
have attached as security therefor.

 

(c)            Corporate
Existence. The Maker shall, and shall cause each of its Subsidiaries to, maintain in full force and effect its corporate existence,
rights and franchises and all licenses and other rights to use property owned or possessed by it and reasonably deemed to be necessary
to the conduct of its business.

 

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(d)            Investment
Company Act. The Maker shall conduct its businesses in a manner so that it will not become subject to, or required to be registered
under, the Investment Company Act of 1940, as amended.

 

(e)            Sale
of Collateral; Liens. From the date hereof until the full release of the security interest in the Collateral and the “Collateral”
(as such term is defined in the WiSA LLC Security Agreement) (the “WiSA LLC Collateral”), (i) the Maker shall
not, and shall not permit WiSA LLC to, sell, lease, transfer or otherwise dispose of any of the Collateral or the WiSA LLC Collateral,
or attempt or contract to do so or permit WiSA LLC to attempt or contract to do so, other than sales of inventory in the ordinary course
of business consistent with past practices; and (ii) the Maker shall not, and shall not permit WiSA LLC to, directly or indirectly,
create, permit or suffer to exist, and shall defend the Collateral and cause WiSA LLC to defend the WiSA LLC Collateral against and take
such other action, and cause WiSA LLC to take such other action, as is necessary to remove, any lien, security interest or other encumbrance
on the Collateral and the WiSA LLC Collateral (except for the pledge, assignment and security interest created under the Security Agreement,
the WiSA LLC Security Agreement, any Permitted Liens (as defined in the Security Agreement) or any “Permitted Lien” (as defined
in the WiSA LLC Security Agreement)).

 

(f)            Prohibited
Transactions. The Company hereby covenants and agrees not to enter into any Prohibited Transactions until thirty (30) days after such
time as this Note has been converted into Conversion Shares or repaid in full.

 

(g)            Repayment
of This Note. If the Company or WiSA LLC issue any debt (other than this Note), or issue any preferred stock, other than Exempted
Securities, while this Note remains outstanding, then unless otherwise waived in writing by and at the discretion of the Holder, the Company
will immediately utilize the proceeds of such issuance to repay the Note. If the Company or WiSA LLC issue any Equity Interests, other
than Exempted Securities, while this Note remains outstanding, then unless otherwise waived in writing by and at the discretion of the
Holder, the Company will immediately direct twenty percent (20%) of the proceeds from such issuance to repay this Note.

 

4.2            Set-Off.
This Note shall be subject to the set-off provisions set forth in the Purchase Agreement.

 

ARTICLE 5

 

5.1            Notices.
Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall be in writing and shall
be deemed given and effective on the earliest of (a) the date of transmission, if such notice or communication is delivered via email
at the email address specified in this Section prior to 5:00 p.m. (New York time) on a Business Day, (b) the next Business
Day after the date of transmission, if such notice or communication is delivered via email at the email address specified in this Section on
a day that is not a Business Day or later than 5:00 p.m. (New York time) on any date and earlier than 11:59 p.m. (New York time)
on such date, (c) the Business Day following the date of mailing, if sent by U.S. nationally recognized overnight courier service,
or (d) upon actual receipt by the party to whom such notice is required to be given. The addresses for notice shall be as set forth
in the Purchase Agreement.

 

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5.2            Governing
Law. This Agreement shall be governed by and construed in accordance with the Laws of the State of New York, without reference to
principles of conflict of laws or choice of laws. This Note shall not be interpreted or construed with any presumption against the party
causing this Note to be drafted.

 

5.3            Headings.
Article and section headings in this Note are included herein for purposes of convenience of reference only and shall not constitute
a part of this Note for any other purpose.

 

5.4            Remedies,
Characterizations, Other Obligations, Breaches and Injunctive Relief. The remedies provided in this Note shall be cumulative and in
addition to all other remedies available under this Note, at law or in equity (including, without limitation, a decree of specific performance
and/or other injunctive relief), no remedy contained herein shall be deemed a waiver of compliance with the provisions giving rise to
such remedy and nothing herein shall limit the Holder’s right to pursue actual damages for any failure by the Maker to comply with
the terms of this Note. Amounts set forth or provided for herein with respect to payments, conversion and the like (and the computation
thereof) shall be the amounts to be received by the holder thereof and shall not, except as expressly provided herein, be subject to any
other obligation of the Maker (or the performance thereof). The Maker acknowledges that a breach by it of its obligations hereunder will
cause irreparable and material harm to the Holder and that the remedy at law for any such breach would be inadequate. Therefore, the Maker
agrees that, in the event of any such breach or threatened breach, the Holder shall be entitled, in addition to all other available rights
and remedies, at law or in equity, to equitable relief, including but not limited to an injunction restraining any such breach or threatened
breach, without the necessity of showing economic loss and without any bond or other security being required.

 

5.5            Enforcement
Expenses. The Maker agrees to pay all costs and expenses of enforcement of this Note, including, without limitation, reasonable attorneys’
fees and expenses.

 

5.6            Binding
Effect. The obligations of the Maker and the Holder set forth herein shall be binding upon the successors and assigns of each such
party, whether or not such successors or assigns are permitted by the terms herein.

 

5.7            Amendments;
Waivers. No provision of this Note may be waived or amended except in a written instrument signed by the Company and the Holder. No
waiver of any default with respect to any provision, condition or requirement of this Note shall be deemed to be a continuing waiver in
the future or a waiver of any subsequent default or a waiver of any other provision, condition or requirement hereof, nor shall any delay
or omission of either party to exercise any right hereunder in any manner impair the exercise of any such right.

 

5.8            Compliance
with Securities Laws. The Holder of this Note acknowledges that this Note is being acquired solely for the Holder’s own account
and not as a nominee for any other party, and for investment, and that the Holder shall not offer, sell or otherwise dispose of this Note
in violation of securities laws. This Note and any Note issued in substitution or replacement therefor shall be stamped or imprinted with
a legend in substantially the following form:

 

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“THIS NOTE HAS NOT BEEN REGISTERED
WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT
PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION
NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED
BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY.”

 

5.9            Jurisdiction;
Venue. Any action, proceeding or claim arising out of, or relating in any way to this Agreement shall be brought and enforced in the
New York Supreme Court, County of New York, or in the United States District Court for the Southern District of New York. The Company
and the Holder irrevocably submit to the jurisdiction of such courts, which jurisdiction shall be exclusive, and hereby waive any objection
to such exclusive jurisdiction or that such courts represent an inconvenient forum. The prevailing party in any such action shall be entitled
to recover its reasonable and documented attorneys’ fees and out-of-pocket expenses relating to such action or proceeding.

 

5.10            Parties
in Interest. This Note shall be binding upon, inure to the benefit of and be enforceable by the Maker, the Holder and their respective
successors and permitted assigns.

 

5.11            Failure
or Indulgence Not Waiver. No failure or delay on the part of the Holder in the exercise of any power, right or privilege hereunder
shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude other or further
exercise thereof or of any other right, power or privilege.

 

5.12            Maker
Waivers. Except as otherwise specifically provided herein, the Maker and all others that may become liable for all or any part of
the obligations evidenced by this Note, hereby waive presentment, demand, notice of nonpayment, protest and all other demands’ and
notices in connection with the delivery, acceptance, performance and enforcement of this Note, and do hereby consent to any number of
renewals of extensions of the time or payment hereof and agree that any such renewals or extensions may be made without notice to any
such persons and without affecting their liability herein and do further consent to the release of any person liable hereon, all without
affecting the liability of the other persons, firms or Maker liable for the payment of this Note, AND DO HEREBY WAIVE TRIAL BY JURY.

 

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(a)            No
delay or omission on the part of the Holder in exercising its rights under this Note, or course of conduct relating hereto, shall operate
as a waiver of such rights or any other right of the Holder, nor shall any waiver by the Holder of any such right or rights on any one
occasion be deemed a waiver of the same right or rights on any future occasion.

 

(b)            THE
MAKER ACKNOWLEDGES THAT THE TRANSACTION OF WHICH THIS NOTE IS A PART IS A COMMERCIAL TRANSACTION, AND TO THE EXTENT ALLOWED BY APPLICABLE
LAW, HEREBY WAIVES ITS RIGHT TO NOTICE AND HEARING WITH RESPECT TO ANY PREJUDGMENT REMEDY WHICH THE HOLDER OR ITS SUCCESSORS OR ASSIGNS
MAY DESIRE TO USE.

 

5.13            Definitions.
Capitalized terms used herein and not defined shall have the meanings set forth in the Purchase Agreement. For the purposes hereof, the
following terms shall have the following meanings:

 

(a)            “Conversion
Trigger Date” means the day that is the six (6) month anniversary of the Issuance Date.

 

(b)            “Indebtedness”
means: (a) all obligations for borrowed money; (b) all obligations evidenced by bonds, debentures, notes, or other similar instruments
and all reimbursement or other obligations in respect of letters of credit, bankers acceptances, current swap agreements, interest rate
hedging agreements, interest rate swaps, or other financial products; (c) all capital lease obligations that exceed $150,000 in the
aggregate in any fiscal year; (d) all obligations or liabilities secured by a lien or encumbrance on any asset of the Maker, irrespective
of whether such obligation or liability is assumed; (e) all obligations for the deferred purchase price of assets, together with
trade debt and other accounts payable that exceed $150,000 in the aggregate in any fiscal year; (f) all synthetic leases; (g) any
obligation guaranteeing or intended to guarantee (whether directly or indirectly guaranteed, endorsed, co-made, discounted or sold with
recourse) any of the foregoing obligations of any other person; (h) trade debt; and (i) endorsements for collection or deposit.

 

(c)            “Limitation
Period” means the period commencing on the Conversion Trigger Date and ending on the nine-month anniversary of the Conversion
Trigger Date.

 

(d)            “Mandatory
Default Amount” means an amount equal to one hundred twenty percent (120%) of the Outstanding Principal Amount of this Note
on the date on which the first Event of Default has occurred hereunder.

 

(e)            “Market
Capitalization” means, as of any date of determination, the product of (a) the number of issued and outstanding shares
of Common Stock as of such date (exclusive of any shares of common stock issuable upon the exercise of options or warrants or conversion
of any convertible securities), multiplied by (b) the closing price of the Common Stock on the Trading Market on the date of determination.

 

    20

     

    

 

(f)            “Outstanding
Principal Amount” means, at the time of determination, the Principal Amount outstanding after giving effect to any conversions
or prepayments pursuant to the terms hereof.

 

(g)            “Trading
Day” means a day on which the Common Stock is traded on a Trading Market.

 

(h)            “VWAP”
means, as of any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is then listed
or quoted on a Trading Market, the daily volume weighted average price of one share of Common Stock on the applicable Trading Price for
such date (or the nearest preceding date) on such Trading Market as reported by Bloomberg Financial L.P. (based on a Trading Day from
9:30 a.m. (New York City time) to 4:02 p.m. (New York city time)); (b) if the Common Stock is not then listed on a Trading
Market and if the Common Stock is traded in the over-the-counter market, as reported by the OTC Bulletin Board, the volume weighted average
price of one share of Common Stock for such date (or the nearest preceding date) on the OTC Bulletin Board, as reported by Bloomberg Financial
L.P.; (c) if the Common Stock is not then listed or quoted on the OTC Bulletin Board and if prices for the Common Stock is then reported
in the “Pink Sheets” published by the Pink OTC Markets Inc. (or a similar organization or agency succeeding to its functions
of reporting prices), the most recent bid price of one share of Common Stock so reported, as reported by Bloomberg Financial L.P.; or
(d) in all other cases, the fair market value of one share of Common Stock as determined by an independent appraiser selected in
good faith by the Holder and reasonably acceptable to the Company.

 

[Signature Pages Follow]

 

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IN WITNESS WHEREOF, the Maker has caused this Note
to be duly executed by its duly authorized officer as of the date first above indicated.

 

	 	WISA TECHNOLOGIES, INC.
	 	 	 
	 	By:	                     
	 	Name: Brett Moyer 
	 	Title:   Chairman & Chief Executive Officer

 

     

     

    

 

EXHIBIT A

 

WIRE INSTRUCTIONS

 

	Name of Bank:	 

                                                                            

                                                                            

                                                                           

	Routing #:	 
	For credit to:	
	Account #:	
	Address:	 

                                                                            

                                                                           

 

     

     

    

 

EXHIBIT B

 

FORM OF CONVERSION NOTICE

 

(To be Executed by the Registered Holder in order
to Convert the Note)

 

The undersigned hereby irrevocably
elects to convert $ ________________ of the principal amount of the above Note No. ___ into shares of Common Stock of WiSA Technologies, Inc.
(the “Maker”) according to the conditions hereof, as of the date written below.

 

Date
of Conversion:

 

Conversion
Price:

 

Number of shares of Common Stock beneficially owned or deemed
beneficially owned by the Holder on the Conversion Date:

 

	 	[HOLDER]
	 	 	 
	 	By:	                     
	 	Name: 
	 	Title:
	 	 
	 	Address:

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